Company reglstrdtion number: 05321038 Charity registration number: 1110927 FAVOUR FOUNDATION LTD. TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
Favour Foundatlon Ltd. Contents Page Trustees, Report Independent Examiner's Report Statement of Financial Artrvities (Indudlng Income and ExPendth Account) Compaffitive Statement of Finanaal Activlties (including Income and Expenditure Account) io Balance Sheet Notes to the Finanual Statements 13-19 The following pages do not forrn part of the ststutory accounts: Detailed Statement of Financial Artivities (including Income and Expendtture Account) 20
Favour Foundation Ltd. Company No. 05321038 Trustees. Report For The Year Ended 30 September 2025 The trustees present their report and the financial statements for the year ended 30 September 2025. Objectlves and Artlvltles Alms and Objectives The objects of the Charity are to advan for the benefit of the community of Grimsbyl Cleethorpes and the surrounding area all such purposes as are charitable in accordan with the laws of England from time to time including but not limited to, the rellef of all people In that area who by reason of their disabillty, age, infinnlty, sickness, social or economic clrcumstances or carlng responsibilltles have a need of health, social care or other related community services or recreatlonal facilities by the provision of information, advice, support, education and training and other services and facilities calculated to relieve those needs. Your Place has been setving the people of East Marsh (an area identified as being in the top 2Yo most deprived areas in the country) for the past 25 years. It is a very busy community hub and 'Friend In the Neighbourhood.. We are open Monday - Friday and, In partnership with local people provide a very wide range of creative, educational, social activities, horticultural actfivities and volunteering opportunitie5 that are open to all. Your pla has a 'famlFy' feel. It is a home from home and a bolt hole away from the pressures and difficulties that the people of our area have to cope with on a day-to-day basis. We do not have 'clients' we have 'friends' and our volunteer photos (which we proudly have on display) are called 'Famlly Photos.. The need for our work: Sadly, the many challenges in our community indude a very high proportion of unemployment, a high and rising drug cultu. a rising crime level (often athhol related), a high level of domesti vlolence and a very high level of teenage pregnancies. A person livlng In East Marsh has poorer health and Is likely to live a Shorter life than the average person in the UK. They are less likely to be employed and are more likely to suffer from depression. self-esteem problems and mental illness. Ef they are not the victim of crlme, they will without doubt be subject to the fear of crime which In our area is known by the police as being disproportionately hlgh. They will often have low asplratlons not only for themselves but also for their children. who will be less likely to achieve either in school or in their work life. In the East Marsh almost 40% of adLtIts are economically inactive. Lack of confidence, social isolation, learnlng dlsabilities, debt, drug and alcohol dependency are all too common. Our weekly servlces and activities: Wlth the help of over 60 local people who volunteer at Your Place we have developed a very wlde range of serVIS and actlvities. which are open to all, regardless of ability, confidence, 51tuation, and motivation. People who begln by attending one activity often access other attivltles we offer and become part of the Your Place 'community'. Our actlvltles Include: ..CONTINUED Page I
Favour Foundation Ltd. Trustees. Report (continued) For The Year Ended 30 September 2025 Alms and Objectlves - contlnued Volunteer and supported volunteer opportunities, both within Your Place and in our community gardens. An Information and Referral Servlce, providlng slgnpostlng and support to local people. Weekly groups and activrties, including games and quizzes, creative activities, walking groups. and volunteer gardening groups. Practical learning and community engagement opportunitles, Indudlng plant sales gardening advice, woodworking activities, cookery demonstratlons and tasters, and the delivery of talks and demonstrations to community and outside groups. A Scratch Cookery Course, promoting healthy eating and practical cooking skills. A thriving Gardening Community of Interest, bringing together people with a shared interest in gardenlng, sustainability and wellbeing. Annual community events, which are consistently well attended, including Fun Days, community craft events. Open Garden events. and participation in the National Garden Scheme through the opening of our gardens to the public. Your Place has also transformed a 1.5 acre pietr of neglerted and vandalised land whlch had been local eye-sore (and home to vemin) into a beautiful community area, and an extensive horticultural facility with a large potytunnel and vegetable garden. Thls work has developed greatly in recent years and with the help of a brilliant team of over 60 local volunteers, led by our dedicated Garden Manager provides plants and advice for local people. We have developed a large plant pot recycling scheme, a composting Scheme and have been able to vlslt many other organisations to give horticultural talks and demonstrations. We are very proud of ovr envlronmental credentlals- we grow our plants and vegetsbles organically from donated/collected seeds and from cuttings, use 100% peat free compost, never use any chemicals In the control of garden pests, use only recycled plant pots and seed trays. compost our garden waste (which we use in our garden as a mulch to eliminate the need for waterlng our flower bed5/vegetable garden, recycle garden tools and equipment, whenever p055ible use recycled/sustainable material in building projetts. Last year we developed a Woodworking Skills hub which is very popular and thriving hortlculturdl Salvage yard whith recycles unwanted old (but stlll useful) donated garden items. The People We Serve The people who access Your pla come from a wlde range of backgrounds and circumStans. Many experlence social isolation, poor mentsl health, low confidente or low self-esteem. Others may be long-term unemployed. experienong financial hardship. recovering from substance misuse, or fadng challenges associated with physical health conditions, poor nutrition, obesity, or lack of exercise. We also support people with learning difficultles, limited literacy or numerary skills, and those who feel excluded, marglnalised, or unable to fully participate in community life. Our aim is to provide a welcoming and indusive environment where individuals can build confidence, develop skills, form positlve relationships. and become more actively involved In their community. We also work with local schools and chlldrens group5, who bring their children to do envlronmentall gardening studles In our beautiful garden. Publlc Benefft Page 2
Favour Foundation Ltd. Trustees. Report (continued) For The Year Ended 30 September 2025 We have referred to the guidan contained in the Chartty Commlsslon's general guldance on public benefit and complied with section 17(5) of the 2011 Charities act when reviewing our aims and objectives and in planning our future artivities. In partlcular, the Trustees consider how planned activities will contribute to the aims and objectives they have seL The public have benefftted from Favour Foundation Limited in many ways. Your Place provides: a communlty-based centre offering a variety of Servi5, activities, and groups. an 'Information and Referral. service, educatronal and vocational activitles, volunteer opportunities and community gardens. Achievements and Perforniance Maln Achievements Over the years we have become a trusted 'Frtend in the Neighbourhood, and a 'Hub' of Informatlon and community actlvity. We have worked very hard to create a positive and non-judgemental culture, where all are treated with respert and compassion. and where people are 'llstened to and valued,. By far, our main successes are the people whose Irves have been changed through our work. It has been our privilege to work with people who have overcome things like drug/alcohol problems, mental health problems, low 5elf-esteem or depression. It is a great prlvilege to see such people moving on and turnlng thelr Ilves around. Favour Foundation Llmited - GrINbY Nelghbourhood Centre Until 22 April 2025, Grimsby Neighbourhood Centre provided conferencing and training faclllties for charitable organisations, voluntary groups and professional bodies. The Centre was regularly used by a rdnge of organisations and groups and conslstently re1Ve positive feedback from users of the facilities. Grimsby Neighbourhood Centre ceased operating on 22 April 2025. Th@ Trustees arè grateful to the many volunteers who contrlbuted to the successful operation of the Centre over the years and to the organisations and groups that made use of the facilities. Favour Foundatoon Limited dld r)ot employ stsff specifically to operate Grimsby Neighbourhood Centre. As Favour Foundation Limited Is a project of Grimsby Neighbourhood Church, the Centre was operated by volunteer5 from the Church. Flnancial Revlew Flnancial Posltlon Funders Thls year Your Place has been generously funded by: The Henry Smlth Charity, The Community Fund and the East Coast Communlty Fund. Reserves pollcv The Trustees have examlned the Charrty's requlrement frjr reserves in light of the main risks to the organisation. It has established a policy to keep this under review and ensure that the necessary steps can be taken when appropriate. The incoming resources for the year amounted to £120,228 (2024.. £97,468) and the outgoing resources for the year amounted to £110,139 (2024: £107,760) resulting In a surplus of £10,089 (2024: deficit of £10,292). ..CONTINUED Page 3
Favour Foundation Ltd. Trustees, Report (continued) For The Year Ended 30 September 2025 Flnanclal Posltlon - continued Following review, the level of reserves held by the charty in Ilght of its operational needs and the risks it faces was considered and agreed. The purpose of maintaining reserves is to provlde rinancial 5tsbility. ensure continuity of services, and enable the charity to respond to unforeseen circumstances or temporary reduction5 in funding. It is considered that the current level of reserves is appropriate in relation to the charlty's activities and commitments and will continue to be monitored as part of ongoing financial planning and risk management processes. Future Plans We plan to fvrther develop the reach and effettlveness of Favour Foundatlon Ltd. by.. Continulng to develop an(J expand our existing programme of activities. Strenghening exIsng partnershlps and developing new latIOnShipS with local organi5ations and communlty groups. Working collaboratively with other organt5ations to deliver more effective and joined-up servlces for local people. Continuing to develop and expand our volunteerlsupported volunteer programme. Further developing our horticultural faalities and horticultural training programme. Expanding our environmental and sustainability initiatives, indudltvj our recycling and reuse programmes. Financlal sustainabllltylfundraising: We are very grate1 to all our fttnder5, who continue to support us in our mission to work with and for the people of the East Marsh. We are able to raise a small amount of money through the sale of plants (which are grown by our wonderful team of volunteers, under the 5upetvision of our Garden Manager) and are committed to seeking the funding necessary to continue our work well into the future. This funding comes from Nattonal and Local funders who have a heart for the work we do. Our staff, volunte•rs and ben•flclaries: We have flve committed members of staff and 67 amazing volunteers, who make Your Pkce the succes5 that It Is, and have 544 beneficiarles who attend our activities, form our Gardening Community of Interest or attend our special events. We have also had 10,527 visits this year from local people who have come to buy the plants our Voluntee have produced, and whlch we sell at very low prices (most plants for 20p130p each). This means that people who otherwise could not afford to can grow their own flowers and vegetables and benefit physically, mentally and soclally from belng in the out-doors enjoying a great hobby and making friends wlth other liktrmlnded people around a common interest. Future actlvltles: As has been our practice in the past, we will continue to develop and adapt our activities in partnership wh the people who use the centre. Exlstlng/potential defined benefft pension Ilability: there are no such impllcations for us. Reservos poli¢y: While it is possible that mlght have to Use some of our reserves we feel It is unlikely. Structure, Governance and Management Page 4
Favour Foundatlon Ltd. Tru$tees' Report (continued) For The Year Ended 30 September 2025 Governing Document Our organlsation Is a charitable company limited by guarantee. Incorporated on 23 ()ecember, 2004 and charltable status for the company was granted with effert from 18 Au9USt, 2005. The company was established under a Memorandum of Assoaation which established the objects and powers of the charitable company and is govemed under tts Articles of Association. In the event of the cornpany being wound up, all availablÈ funds shall go to a tharitable cause. Trustee 5electlon Meth¢Jds The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known a5 directors. The directors appoint new trustees and recruit from people who have an interest in the objects of the charity. Rlsk management The Trustees recognise their responslbility to identify, review and rnanage the risks to which the charity is exposed. Risks are considered as part of the charrty's ongoing management and governance processes, and appropriate controls are implemented to reduce risk where practicable. The charlty maintains a Rlsk Register, whlch identifies significant risk5 and the measures In pla to mitigate them. The Risk Register ts reviewed by management and presented to the Tnjstees for consideration and approval. The Trustees are satisfied that appropriate systems, policie5 and procedures are In place to provide reasonable a5surdnce against fraud, error and other significant rlsks and will continue to revlew these arrangements on a regular basis. Reference and Administratlve Detslls Trustee$ T Alexandre S Boyle W Pendleton J M Roberts L Smith (resigned 2011012025) Charlty Number 1110927 Company Number 05321038 Registered Offlce 289a Weelsby Street Grim5by N E Lincolnshire DN32 7JW Page 5
Favour Foundatlon Ltd. Trustees. Report (continued) For The Year Ended 30 September 2025 Independent Examiner H J Spauls F.C.A Smethurst & Co 12 Abbey Road Grlmsby DN32 OHL Page 6
Favour Foundation Ltd. Trustees. Report (contlnued) For The Year Ended 30 September 2025 ststement of Trustees, Responsibllltle$ The trustees {who are also the directors of Favour Foundation Ltd. for the purposes of company law) are responsible for preparlng the Trustees, Rep)rt and the financial statements In accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial Statement unless they are satisfied that they give a true and falr view of the state of affairs of the charitable company and of the incoming resources and appllcation of resources, induding the income and expenditure, of the charitable company for that period. In preparing the financlal statements the trustees are required to: select suitable accounting policies and then apply them consistentlyi observe the methods and principles in the Charity SORP; make judgments and accounting esbmates that a reasonable and prudent; and prepare the financial statements on the going concem basis unless It Is Inappropriate to presume that the company will continue in business. The trustees are responsible for keeping adequate accounting records which disdose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguardlng the assets of the company and hence for taklng reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrlty of the corporate and financlal information Included on the charitable company's webslte. Legislation In the United Klngdom govemlng the preparation and dissemination of financial statements may differ from leglslatlon in other jurisdictlons. Small Company Rules This report has been prepared In accordance wlth the speaal provlsions relatlng to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The trustees, report was approved by board of tnjstees and signed on Its behalf by: S Boyle Trustee 29th June 2026 dge7
Favour Foundation Ltd. Independent Examlner's Report to the Trustees of Favour Foundation Ltd. For The Year Ended 30 September 2025 I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2025. Responsibilitles and Basis of Report As the charity trustees of the Company (and also its directors for the purposes of company law). you are responsible for the prepatation of the accounts in accor(lance with the requirements of the Companies Act 2006 fthe 2006 ACV). Having satisfled myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Art and are eligible for Independent examlnatlon, I report in respett of my examlnation of your charity's accounts as carried out under sertion 145 of the Charities Act 2011 Cthe 2011 Act?. In carrying out my examination I have followed the Directions given by the Charity Commisston under section 145(5) (b) of the 2011 Act. Independent Examlner's Statement I have completed my examlnauon. I confinn that no matters have come to my attention in connection with the examination glving me cause to believe: l. accountlng records were not kept In respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting quirementS of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordantr with the methods and prlnciples of the Statement of Recommended Practice for accountlng and reporting by charlties appllcable to charities pparIng their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connecknon wlth the examination to which attention should be drawn in this rewjrt in order to enable a proper understandlng of the accounts to be reached. H I Spauls F.C.A 29th June 2026 12 Abbey Road Grimsby DN32 OHL Page 8
Favour Foundatlon Ltd. statement of Financlal Artlvltles (includlng Income and Expenditure Account) For The Year Ended 30 September 2025 2025 ilnrestrlrt•d Restrfcted Total funds funds fund• 2024 Total funds ZNCOME AND ENDOWMEMT5 FROM: Donations and legacies Charltsble activltles: CO actlvltks 1,647 94,929 96,576 78,162 23,652 23,652 19.306 25,299 94,929 120,228 97,468 EXPENDITURE ON: Charltable acuvltles: Core activltles (3.212) (106.927) (110, 139) (107,760) 22,087 {11,998) 10,089 (10,292) NET INCOMEI(EXPENDrnIRE) NeT MOVEMENT IN PUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 22,087 (11,998) 10,089 (10,292) 11,131 29,907 41,038 51,330 13 33,218 17,909 51,127 41,038 The notes on pages 13 to 19 form part of these fbnancial statements. Page 9
Favour F041ndatlon Ltd. C•mparatlve Statement of Financlal Actlvltles (Including Income and Expendlture Account) For The Y•ar Ended 30 September 2025 2024 Unrestricted Restrlrted Total funds funds fund• Notes INCOME AND ENDOWMENTS FROM: Donations and legacles Charitable activltles: Core activltles 78,162 78,162 2.365 16,941 19,306 97,468 2,365 95,103 EXPENDITLIRE ON: Charltable actlvlties: Core actlvitles (9,184) (98,576) (107,760) (6,819) {3,473) (10,292) NEf EXPtNDrnIRE NET MOVEMENT IN FUNDS RECONCILIATION OF FUMDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD (6,819) (3,473) (10,292) 17,950 33,380 51,330 13 11.131 29.907 41,038 The notes on pages 13 to 19 form part of these financlal statements. Page 10
Favour Foundation Ltd. Balance Sheet As At 30 September 2025 2025 Unrestrlrted Restrlcted Total Total funds lund• fund• fund5 2024 FIXED ASSErs Tangible Assets li 1,032 1,032 2,121 1,032 1,032 2,121 CURRENT ASSETS Cash at bank and In hand 33,540 17,909 $1,449 44,344 17,909 51,449 44,344 33,540 Credltor•: Amounts Palllng Due Wlthln One Year 12 (1,354) (1,354) (5,427) NEf CURRENT ASSETS (LIABILrriES) 32,186 17,909 50,095 38,917 TOTAL ASSETS LESS CURRENT UABILfTIES 33,218 17,909 51,127 41,038 33,218 17,909 51,127 41,038 FUNDS OF THE CHARrrY Restrlcted Funds Unrestrlcted Funds 17,909 29,907 33,218 11.131 TOTAL FUNDS 13 51,127 41,038 Page 11
Favour Foundatlon Ltd. Balance Sheet (continued) As At 30 September 2025 For the year endlng 30 September 2025 the charitable company was entitled to exemption from audit under secuon 477 of the Companies Att 2006 relating to small companies. The members have not requlred the company to obtain an audit In accordance with section 476 of the Companles Act 2006. The trustees acknowledge their responsibilltles ft>r complylng with the requirements of the Act with respect to accounting records and the preparotlon of accounts. These accounts have been prepared In accortlan wlth the provisions applicable to companles subject to the small companies regime. On behalf of the l)oard S Boyle Trustee 29th June 2026 The notes on pages 13 to 19 form part of these finanual statements. Page 12
Favour Foundatlon Ltd. Notes to the Flnanclal Ststements For The Year Ended 30 September 2025 l. General Inforniatlon Favour Foundation Ltd. is a company Ilmited by guardntee, incorporated in England & Wales, registered number 05321038 and registered charity number 1110927. The registered office is 289a Weelsby Street, Grlmsbyi N E Lincolnshire, DN32 7JW. 2. Accountlng Policies 2.1. Basis of Preparatlon of Flnandal Statements The financial ststements have been prepared in accordance with the Charlties SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended practi appllcable to charitles preparlng thelr accounts In accordan with the Financlal Reporting Standard appllcable In the UK and Republic of Ireland {FRS 102) (effective I lanuary 2019)". Financial Reporting Standard 102 Yhe Financial Reporbng Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The charitable company is a Public Benefit Entity as defined by FRS 102. 2.2. Fund Accounting Unrestricted fvnds can be used in accordan with the charitable objertlves at the discretlon of the trUstS. Designated funds comprise unrestrlrted funds that have been set aside by the trustees for a specific purpose. Restricted funds a to be used for specific purposes as laid down by the donor. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 2.3. Incomlng Resources All income is recognised in the Statement of Financial Activities On the charity has entitlement to the ftjnds, it Is probable that the income will be reiVed and the amount can be measured rellabty. 2.4. Resources Expended Llablllties are recognised as expendlture as soon as there is a legal or construrtlve obligatlon committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attrlbuted to partlcular headings they have been allocated to activities on a basis conslstent with the use of resources. Page 13
Favour Foundatlon Ltd. Notes to the Flnancial Statements (continued) For The Year Ended 30 September 2025 2.5. Tanglble Flxed Assets and Depreclatlon Tangible fixed assets are measured at cost le55 accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the tost of the fixed assets, less thelr estlmated residual value, over their expected useful Ilves on the followlng bases: Fixtures & Fittings 33% Straight Ltne Fixed assets are stated at cost less accumulated depreciatlon. The cost of minor additlons under £200 are not capitalised. 2.6. Cash and Cash Equlvalents Cash and cash equlvalents are basic flnanclal assets and indude cash in hand and deposlts held at call with banks, other short-term highly Ilquld investments that mature in no more than three months from the date of acqui5ttion and are readlly convertlble to a known amount of cash with inslgnlficant risk of change In value, and bank overdrdfts. 2.7. Taxation The charity is exempt from tax as all its income is charitable and applied for charitable purposes. 3. Income from l>onatlons and Legacles 2025 UnreStrIrt Restrlcted funds funds Total funds Donations and gifts Grants 1,647 1,647 94,929 94,929 1,647 94,929 96,576 2024 Unrestrlrted Restrl¢ted funds funds Total funds Donations and gifts Grants 78,162 78,162 78.162 78,162 Page 14
Favour Foundatlon Ltd. Notes to the Flnancial Statements (contlnued) For The Year Ended 30 September 2025 4. Net Income/{Expendlture) The net income/(expenditure) is stated after charging/{crediting)". 2025 2024 Depreciatlon of tsngible fixed assets - owned 1,089 1,089 5, Analysls of Expenditure 2025 Grant fundlng of Support Acthiltles artivities costs undertaken (see note {see note dlrectty 6) Total Core artivities 104,165 767 5,207 110,139 2024 Support Artlvities undertaken (see note directly 7) Total Core activities 104,133 3,627 107,760 6. Grants Payable 2025 2024 Grants to Grants to Institutlons Institutlons Core actlvities 767 Grants pald to Institutlons, induded above, are as follow5: 2025 2024 Grimsby Neighbourhood Church 767 Page 15
Favour Foundation Ltd. Notes to the Flnancial Statements (contlnued) For The Year Ended 30 September 2025 7. Support Costs 2025 Core actlvltles General administration Depreciation 4,118 1,089 5,207 2024 Core actlvities General administration Depreciation 2,538 1,089 3,627 8. Independent Examlner's Remuneratlon 2025 2024 Independent examlnation of the financial Statements 1,590 1,560 9. Staff Costs staff costs were as follows: 2025 2024 Wages and salaries 77,221 76,130 No employees received employee beneffts (exduding employer pension costs) for the reporting period of more than £60,000. 10. Average Number of Employee$ Average number of employees during the year was: 5 12024: 6) Page 16
Favour Foundatlon Ltd. Notes to the Flnanclal Statements (contlnued) For The Year Ended 30 September 2025 11. Tanglble Assets Flxtures & Fittin9S Cost As at i October 2024 14,148 As at 30 September 2025 14,148 Depreciation As at i October 2024 Provlded during the perlod As at 30 September 2025 12,027 1,089 13,116 Net Book Value As at 30 September 2025 1,032 As at l Ottober 2024 2,121 12. Creditors: Amounts Falling Due Withln One Year 2025 2024 Other creditors Taxation and social security 1.354 3,266 2,161 1,354 5,427 13. Movement in Funds Asati ortober 2024 Asat30 September 2025 Income Expendlture Unrestricted funds General: General unrestmcted fund Restrlcted funds Grants for salaries Grants for garden expenditure Grants for Your Pyace Grants for carer5 events 11,131 25,299 13,212) 33,218 10,775 15.494 97 541 89,710 (90,960) (7.201) (97) (450) 9,525 8,293 91 ..CONTINUED Page 17
Favour Foundatlon Ltd. Notes to the Financlal Statements (wntlnued) For The Year Ended 30 September 2025 East Coast Communlty Fund other restrltted funds 5,219 (5,219) (3,000) 3,000 Total rertrlrted funds 29.907 94,929 (106.927) 17,909 Total funds 41,038 120,228 (110,139) 51,127 A•ati October 2023 Asat30 Sept•mbor 2024 Incom• Expendlture Unre•trl¢ted fund• General: General unrestrltte(I fund Rutrlrted fund• Grants for salarles Grants lor garden expenditure Grants for Your Place Grants for carers events Other restrlrted funds 17,950 2,365 (9, 184) 11,131 10.625 17,368 97 74,162 17,941 (74.012) (19,815) 10,775 15,494 97 541 3,000 924 4,366 1383) (4,366) 3,000 Totsl r•8trlcted funds 33,380 95,103 (98,576) 29,907 Total fun¢ts 51,330 97,468 (107,760) 41,038 Grants for salarles a from Henry Smlth and The National Lottery. Grants for garden expendlture are from Voluntsry Action North East Uncolnshlre and Phllllps 66 (Humber Heart). Grants for the garden manager's salary, garden malntenance and mateirlas are from Grantscape East Coast Communities Fund, other grants are from Voluntary Athon North East Uncoln5hire. Llnctslnshl Com and Orsted. These are for themed workshops and computer/ cookery classes and a wood working skllls hub, and for Cctv equipment in Grlmsby Nelghbourhood Centre. 14. Transactlon$ wlth Truste•s None of the trustees received any remuneratlon or any other benefits from an employment with the charity or a related entlty durlng the current or prevlous year. Page 18
Favour Foundation Ltd. Notes to the Financial Statements (¢ontlnued) For The Year Ended 30 September 2025 No trustee expenses have been incurred. 15. Related Party Dlsclosures There have been no related party tran5actlons In the reporting period that require disclosure. 16. Company Ilmlted by guarantee The company is limited by guarantee and has no share capitsl. Every member of the company undertakes to contribute to the assets of the company, in the event of a wlndlng up. such an amount as may be required not exceedlng £1. Page 19
Favour Foundatlon Ltd. Detalled Ststement ol Flnanclal Artlvlties (including Income and Expenditure Account) For The Year Ended 30 September 2025 2025 2024 Total fundg Total funds INCOME AND ENDOWMENTS FROM: Donatlons and legacies Donatlons and glfts Grants 1.647 94,929 78,162 96,576 78,162 Ch*rltabl• ActIvItl. Cor• actlvltle$ Income from charltable acuvltles 23,652 19,306 23,652 19,306 120,228 97,468 EXPENDITURE ON: Charltable Actfvitl•$: Cor• artlvttl Dlrect project costs Wages and salarles Premlses costs Grants to Institutlons Offlce costs { 19,530) (23,956) {77,221) (76,130) (7,414) (4,047) (767) (1,573) (935) l ]1 Independent examlner's fees Professlonal fees Sundry expenses Depreciation (1,590) (1,560) (900) (30) {55) (13) (1,089) {1,089) (110,139) (107,760) (110,139) (107,760) 10,089 (10,292) NET INCOME/(EXPENDITURE) Page 20