Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the Charity Name Fast 58 trustees/directors/ members of On accounts for the year 31[st] March 2025 ended Charity no.: 1137716 Company no.: Set out on pages 1 to 4 (remember to include the page numbers of additional sheets)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31/03/2025 Responsibilities and The charity’s trustees of the Company are responsible for the preparation of basis of report the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
I have completed my examination. I confirm that no material matters have Independent come to my attention (other than that disclosed below ) which gives me examiner's statement* cause to believe that:
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
| Signed: Name: Relevant professional qualification(s) or body (if any): Address: |
30.3.2026 | |
| I R Newman | ||
| Fellow Member Association of Accounting Technicians | ||
| 40 Grove Park Road |
1
October 2018
IER
London SE9 4QA
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
2
October 2018
IER
FAST 58
Trustees’ Report on Activities and Financial Statements
For the year ended 31 March 2025
Trustees
Mr Michael Davey KC, Chair Prof Tony Ng, Treasurer Mrs Deborah Walsh Mr Selorm Klaye
Trustees’ Report
Throughout 2024-2025 Fast 58 continued its core activities of serving the homeless and those in need in our outreaches on the Strand and at Waterloo and providing food, fun and support for local families in Southwark. In addition, we got to know refugee families living in a hotel nearby and starting providing them with food and provisions.
Outreach continued throughout the year every Friday, save for two breaks, one in the summer and one at Christmas. The need for assistance amongst those we serve on the street has remained high, particularly with the cost of living crisis. We serve about 180 meals each Friday between the Strand and Waterloo and refugee families. We have continued to provide freshlycooked nutritious hot meals, fruit, a bottle of water, snacks, hot drinks and soup. We also provide clothing, sleeping bags, toiletries and assistance with administrative tasks.
Food and fun events continued this year, and were very much welcomed by local families. These were held during school holidays at Easter, during the Summer and at Christmas.
The trustees met regularly throughout the year, either in person or online, together with the founder, Mr Eddie Walsh.
Finances
For the year ending 31 March 2025, Fast 58’s income was £52,204 (2024: £57,881) and expenditure was £59,831 (2023: 65,401).
In addition to general donations of £28,744, Fast58 received the following grants and awards totalling £: 23,460
- Southwark Council to run Community services (e.g. food and fun events for children and families) :
19 June 24 £900 24 July 24 £12,288 8 October 24 £3,072 17 March 25 £7,200
Fast58’s assets comprise cash at bank; stock (food and kitchen materials) and cooking equipment (of zero net realisable value).
Statement of Financial Activities for the year ended 31st March 2025
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Income from: | ||||
| Donations | 28,744 | - | 28,744 | 22,159 |
| Grants and awards | - | 23,460 | 23,460 | 35,722 |
| _ | _ | _ | _ | |
| Total income | 28,744 | 23,460 | 52,204 | 57,881 |
| Expenditure on: | ||||
| Charitable activities | 36,371 | 23,460 | 59,831 | 65,401 |
| _ | _ | _ | _ | |
| Total expenditure | 36,371 | 23,460 | 59,831 | 65,401 |
| Net movement in funds | -7,627 | - | -7,627 | -7,250 |
| Reconciliation of funds: | ||||
| Total funds brought forward | 20,571 | 0 | 20,571 | 28,091 |
| Net movement in funds | -7,627 | 0 | -7,627 | -7,250 |
| _ | _ | _ | _ | |
| Total funds carried forward | 12,944 | 0 | 12,944 | 20,571 |
| _ | _ | _ | _ |
Balance Sheet at 31st March 2025
| 2025 £ Fixed assets Current assets Cash at bank 12,944 Creditors - Net current assets Net assets Charity funds Restricted funds Unrestricted funds Total funds Signed ………… Michael Davey K.C., Chairman Date 30 March 2026 |
2025 2024 2024 £ £ £ - - 20,571 - 12,944 20,571 12,944 20,571 - - 12,944 20,571 _ ___ 12,944 20,571 Signed …… Professor Tony Ng, Treasurer |
|---|---|