ANNUAL REPORT 20232024 Providing sustainable community hubs, Actively improving the lives of local people **100% 93 8000+ of service users people went Interactions per say the centre from been year in fitness fully inactive has helped to regulary oppertunities them make new active in the year freinds** ## CONTENTS |Welcome
Trustees & Company Details|3
4| |---|---| |Trustees Report|5| |Our Strategy|8| |Our Community Ofer|10| |Our Team|12| |Trading activities|13| |CEO’s remarks|14| |Chairmans remarks|14| |Trustees statements|15| |Auditors Report|16| |Financial statments|19| Providing sustainable community hubs, Actively improving the lives of local people **2** ## Welcome Providing sustainable community hubs, Actively improving the lives of local people **2023 into 2024 has been a period of extreme challenge for the charity, in weathering ever tougher economic conditions. However the charity is proud to have worked** **hard to maintain its services and drive forward positive changes for its users and beneficiaries, delivering meaningful impact across all its areas of work.** Of surplus food redistrubted 93,000 KG through the community fridge 3 Providing sustainable community hubs, Actively improving the lives of local people ## Trustees Report **The members of the Board of Trustees during the year ended 31 March 2024** **Trevor Abram - Chair Gay Kay Beverley Swan Pamela Hoile -Treasurer Margaret Abram Joanne Wintle-Smith** **Carole Jackson Alison Reynolds Robert Crayford - Appointed 14/6/23** **Company number 07296070** **Registered Office** **West Faversham Community Centre Bysing Wood Road Faversham Kent ME13 7RH** **Charity number 1139228** **All The Extras Limited Company Number 09062780** **Kent Community Training CIC Company Number 10349844** **Auditors** **Burgess Hodgson LLP** 800+ Free after school Meals Served to young poeple each month **93%** **Of service users say the centre helps them feel happier** **472** **People use our staff led services each week** ## Providing sustainable community hubs, Actively improving the lives of local people ## community activities **36+** provided each week The Trustees (who are also Directors of the charitable company for the purposes of company law) present their annual report together with the financial statements of West Faversham Community Association (the charitable company) for the year ended 31 March 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland: FRS 102, issued October 2009. ## **Constitution** The charitable company is registered as a company limited by guarantee and was set up by a Memorandum and Articles of Association on 25 June 2010 and became a registered charity on 30 November 2010. The reference and administration information is set out on page 4. ## **Method of appointment or election of trustees** The management of the charitable company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association, standing for annual election by the members, with the exception of 3 appointees, one from each of the statutory bodies operating in the area. All Trustees have been chosen with a view to the needs of the charitable company providing a range of skills beneficial to the development and management of the running of the West Faversham Community Association. of our team live in the communities we support **82%** **6** The board continue to review their skills through the skills audit and seek to grow the board in the areas needed. ## **Policies adopted for the induction and training of trustees** New Trustees, on appointment, are supplied with copies of all documents and relevant guidance necessary in order for them to understand their role. In addition the charitable company relies upon the guidance issued by the Charity Commission and Advising Communities Our youth and fitness in relation to decision making. ## **Organisation structure and decision making** The management of the charity is the responsibility of the Trustees who meet monthly, when the C.E.O updates the board on the charity’s operations. The board reviews the charity’s performance against the strategy, its financial performance and risk assessed activities. The board consider matters raised by board members or the C.E.O for approval when they are outside of the scope of C.E.O responsibilities for the day to day management of the Charity. Between meetings the C.E.O is delegated to run the charity within the budgets and scope set by the board. In an emergency, provisions allow for action to be taken by the Chair and C.E.O ## **Risk assessment** The Trustees have assessed the major risks to which the charitable company is exposed, in particular those related to the operations and finances of the charitable company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. During the year the board continued to use its risk log for the charity, which identifies the risks to the charity. Each risk is reviewed by the board six times or more each year, and action plans are put in place to reduce or mitigate risks. This new process has proven to be a valuable exercise for the board and has greatly improved the organisation’s risk mitigation planning. ## **The objectives and activities** The objectives and activities of the charitable company are to establish or secure the establishment of a community centre and to maintain and manage the same (whether alone or in co-operation with any statutory authority or other person or body) in furtherance of the objectives. ## Cooking for the family Come along and learn to cook healthy family meals from scratch & take away what you make for your dinner Wednesday 11.30- West Faversham Community Centre Booking required - community@invicta-cl.org We are not funded by taxes please donate to help support our services **Reg Charity No** - 1139228 **- Reg Company-** 7296070 **Reg office-** WFCC, Bysingwood Rd, Faversham, ME13 7RH Community & Leisure Venues 7 ## OUR STRATEGY As 2023 drew to a close and 2024 begun, the charity engaged in wide spread consultation on its charitable work, and begun to develop its new strategic priorities for 2024-2029. The consultation the chairty carried out engaged with over 100 stakeholders and community members, from this the charity learnt the our work to ensure young people have positive opportunities was seen as the most important area to continue to provide, with 86% of people saying it should continue to be a focus. Loneliness and isolation work came second with 63%, closely followed by increasing engagement in SPA at 56% The charity sought to understand how stakeholders felt the balance of free, subsidised and charged services was seen by users, and if changes to this where needed. Providing free services was seen as an important part of our work and that our methods of charging for room hire and gym to maintain this is supported. The chairty developed 4 new areas of charitable focus to deliver public benefit, and a further aim about around our people and culture. ## Providing fun, safe & nurturing environments to allow young people and families to become the best version of themselves - We want young people to feel safe with us and able to come to us when they don’t know what to do or how to get help - We want young people to have fun with us, make great memories, and grow through their experiences - Trauma isn’t just the bad things that happen it’s the good things that don’t happen - We want to support the whole family to ensure our young people get the best impact from our support - We want to have environments and services that make young people feel able to push themselves to grow in to the best they can be ## Improving wellbeing though accessible leisure and social opportunities - We want make sure the community are able to access fitness and leisure activities even when on low incomes so everyone gets the welling benefits - We want to make sure our centres can be used by everyone and are at the heart of the community - We want to make sure disabilities and mobility issues are not barriers to having great opportunities in our communities - We want to make sure no one in our community needs to be lonely or feel isolated **8** ## Empowering our communities to be supportive, accepting of each other and work through crises - We want all communities we work in to have the tools available to them to support each other -We want all the communities we work in to be more accepting and tolerant of their differences creating a happier and safer environment -We want to be there for our communities when things get too much and they need that extra hand to guide and support them through a crisis. ## Giving support to overcome barriers to learning and employability - We want those that need assistance gaining skills to find work to be able to access these in our centres - We want to give people supportive environments to develop and become work ready -We want to make sure those that are not accessing education are supported in doing so -We want to help people overcome reasons they cant access learning and education ## Employing, developing and retaining local people to deliver high quality and safe service - We want our teams to be invested in our community, and the impact we can deliver within them -We want our teams to flourish and grow with us and in doing so allow the charity and its impact to grow too -We want everything we do to be safe, and to ensure our resources are efficiently used, to have the best impact **96%** **100%** **of respondents agree of respondents we should have feel our centres charged services to benefit the comsubsidie community munity activities** **100%** **of staff would recommend our services to family and friends** Over 100 members of the public, service users and stakeholders gave feedback on our strategic plan 9 ## Our community offer 2023-24 **The charity has a team of well trained and specialist staff able to deliver a great range of services in the community.** **Our services are funded by both grants and our trading income so we are able to adapt and develop services to suit the needs of our community.** ## 67hours **Per week of community services offered by our team** School Holiday activities provided for 176+ children 4 New services introduced to respond to needs in community **----- Start of picture text -----**
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**217** ## **2182** ## **412** **6** **young people use Attended our comHours of work Volunteer lead our youth services munity celebration social activities a experience provided in an average events including week week PRIDE** ## Carbon Negative **West Faversham has introduced many net zero initiatives at its main site and remote sites, reducing carbon footprints such as; solar power, heating system efficiency, waste reduction and electric vehicles. Additionally, where carbon use cannot be removed it is offset with community activities that have a net zero impact, including 65,000KG offset co2 through tracking food waste in our community fridge. These initiatives make West Faversham a carbon negative organisation, going beyond net zero.** **This year the charity has begun to introduce a new cardboard recycling scheme which will increase our ability to collect from the community fridge and reduce landfill waste from the centre and the wider community who will have access to the scheme.** **1800** Of food waste & packaging saved from landfill on an **kg** average week 11 ## **Our people working to deliver for our community** West Faversham Community Association has a team of 42 staff to deliver its strategic aims, with 82% of our team living within 3 miles of one of our centres, key to our aim of having a team that are invested in our community. We focus heavily on the development of our team, and provide a range of learning and development opportunities to our team with over 50% of staff offered additional training and 23% on our leadership development program. In the year the gender pay gap was below 1% with less the £0.14 difference in average pay. Our team was 34% male 66% female, ranging from 17-70 years old, many with lived experience for our areas of work. Our operations are led by the CEO and Senior Leadership Team. ## **Our wider Community** Our Invicta Community Leisure brand, which is a registered trademark of West Faversham Community Association, and registered with the charity commission as a trading name of the charity. Under the banner of Invicta the charity continued to operate childcare at Herne Infant School and operations at Aylesham Welfare Leisure Centre, during the year 2023-2024. The charity is currently exploring options for reducing its involvement in the operations management at Aylsham Welfare Leisure Centre, and focusing on only community provisions and some limited levels of support to the charity that owns the site, due the economic pressures of running the site. ## **Trading** The charity continues to operate All The Extras Limited as a trading subsidiary of the charity, during the year the trading subsidiary generated gift aid for the charity. The trading company has assisted the charity in the delivery of its aims, in particular around employability and providing social oportunities. The Board of All The Extras will continue to explore ways to grow its revenue and profits and maximise profitability of its operations allowing it to generate greater income for the charity. The charity’s other trading subsidiary, Kent Community Trading CIC did not trade in the year. ## **CEO’s Remarks** 2023-2024 continued to provide very challenging climate for the charity to operate in. The pressure on the charity continues to increasing in terms of costs and demand for services. The charity team have worked exceptionally hard to reduce costs while continuing to provide excellent services, the senior leadership team and board are very grateful for their dedication during a challenging year. Despite the growing pressures on costs from outside, the charity has remained focused on its aims and mission, and delivered impact we can be truly proud of, during the year. It is clear the pressures on the charity are not going to ease up and likely to become tougher, so we will be proactive in ensuring we take every step to manage the charity’s limited resources for the benefit of the community during the next year. **12** ## **Chairman’s Remarks** You will note from our CEO’s report that this year has seen some challenges, which I am pleased to report have been substantially overcome due to the dedication of our staff and trustees as well as the support shown by the people who have continued to appreciate all that the Community Centre has to offer to enhance their lives and wellbeing. As with many organisations we have been subjected to rising costs for utilities, maintenance, insurance and rising wages. However, by careful monitoring of outgoings, restructuring has enabled us to staff events more economically, such that we have managed to successfully balance income to expenses but the trustees continue to keep a watchful eye on the situation to ensure the future of the Association. As in previous years we are extremely grateful to the many organisations that respond positively to our applications for grant funding which, as indicated in our accounts, contributes greatly to enable us to provide services and events at either low cost or for a very competitive rate to users. We have also laid on several free events during the year which have either been funded by grants or subsidised through profitable activities run by the trading arm of the charity. We continue to be able to act as a conduit to distribute for free near ‘use-by dated’ perishable foods donated by several local supermarkets through our Community Fridge. These items are always promptly collected by residents during the day that they are taken into stock. This service complements the local food bank in that they are only able to distribute non-perishable donated goods. Some of the food items are used to enable members of the youth club to be able to learn skills in our kitchen by preparing nourishing meals which ensures that they do have a substantial meal whilst with us. We look future to building on our success as we go into the future and are then able to fulfil our charitable aims. ## **Reserves and Financial Review** The charity continues to budget to grow the Charity’s reserves by a small amount each year giving balance to supporting the community through challenging times. During the year the charity faced a number of challenges due to the energy crisis and cost of living crisis which used its in year-built reserves, and a proportion of the charity’s cash reserves, while additional cost saving measures were introduced by the board and leadership team. ## **Public Benefit** When considering the West Faversham Community Association’s activities, the Trustees have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s General Guidance on Public Benefit. ## **Fundraising** The charity carries out limited public fundraising. When this is carried out it, it is done so through staff and volunteers of the charity at fundraising events such as bingos, quizzes and music nights, all of which take place in our centres and not offsite. Fundraising from the public accounted for £12,502 of income. No complaints have been received with regards to fundraising activities, and no external parties are used for fundraising. ## **Going Concern** 2023 & 2024 wear very challenging years for the charity, in which at times the ability to continue its operations where in question, due to the financial pressures on the charity. The cost of living, energy price spikes, interest rates and increases in minimum wage, have all impacted the charities hard, both in terms of costs but also ability to generate income by trade. During the year, the costs of operating the charity began to outstrip the revenue the charity could generate, and following the reduction of its reserves during covid, this left the charity with very limited cash available, putting its future at risk. The board have worked very closely over the last 12 months, with the senior leaders to deliver a robust plan to improve the charities financial position without causing significant impact on the delivery of its aims. A careful balance, was needed. The trustees and senior leaders, appreciate the considerable efforts and dedication of the charities team in delivering these changes to ensure the ongoing viability of the charity. Looking forward the charity has managed to reduce its like for like overheads by 28%. The charity has entered arrangements with HMRC around tax payments, and also with other suppliers to ensure the charity’s cashflow is managed with sufficient head room. HMRC have continued to support the charity by entering into the arrangements to reduce the charity’s tax liabilities in manageable instalment payments. The measures in place to reduce costs include; Installation of solar power, reducing energy bills by over a third for the year; a reduction in staffing levels of 28%; and reductions in contracts and overheads by 18%. 13 Alongside the reduction in costs, the team have developed new revenue streams and improved the profitability of other income areas. These changes have addressed the challenges the charity faced, and brought the charity back to a position of making Net surpluses each quarter. This has allowed the charity to recover from the losses made earlier in the year. The charity has been able to significantly reduce its creditors from the position at the end of Q1. The charity must now continue to be focussed on managing all costs, and has plans available to it to use should income drop or costs increase to prevent deficits returning. This ability to remain in surplus will ensure the charity is back on an even footing with cashflow headroom, and will be able to bring all creditors including pensions in line by the end of the next fiscal year. Although the heavy lifting of getting back on track is now down, the board and leadership team will remain fully focussed on managing costs and ensuring issues are rapidly responded to without any delay. There are also a number of additional plans still be implemented in 2025 that will further support the charty’srecovery. On the basis of the improvements made during the year, and cost base review carried out to reduce on going overheads, the trustees believe the charity to be a going a concern. The Trustees have taken account of the document “Going Concern and Liquidity Risk” Guidance for Directors of UK Companies 2009 issued by the Financial Reporting Council in assessing whether the charitable company is a going concern. The COVID-19 pandemic and the ensuing economic shutdown continued to have a lasting impact on the charity’s finances. The Trustees have performed a robust analysis of forecasted cash flows, and thoroughly tested the budgeting for the upcoming period. The trustees have made a number of significant changes to the operations and made use of available support to ensure the charity is able to remaining a going concern. This assessment is based upon the funding available, repayment terms of the Charity Bank loan, cash in hand and the level of free reserves and income expected to be received from the services provided, as well as the changes implemented to save costs, and the further measures available to them if needed. Based on this and the resources available to the charity, along with relying on continued support from HMRC in relation to outstanding tax liabilities, the Trustees have concluded there are no material uncertainties and they can continue to adopt the going concern basis in preparing the annual report and accounts. ## **Remuneration Policy** The pay of all the employees, is determined by the Board of Trustees on recommendation of the Chief Executive Officer. ## **Statement of Trustees’ Responsibilities** The Trustees (who are also Directors of West Faversham Community Association for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP (FRS 102); - make judgements and estimates that are reasonable and prudent; tatias pratectiat - state whether applicable UK Accounting Standards (FRS102) have been followed, subject to any material departures expereius ad quae. disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, and in accordance with the Charity’s governing document . They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. This report was approved by the Board of Trustees on March 14th 2024 and signed on their behalf by: ## Trevor Abram - Chair 28/2/25 **14** ## Financial Reports 2023-2024 ## Audit Report Statement of Financial Activity Balance Sheet Notes to accounts 15 ## Auditors report Burgess Hodgson Chartered accountants & statutory auditor Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN ## **Opinion** We have audited the financial statements of West Faversham Community Association (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the charity’s affairs as at 31 March 2024 and of its incoming resources and ap- - plication of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Charities Act 2011. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where: - the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not ap- - propriate; or • the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. ## **Other information** The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. **16** In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report. We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion: - the information given in the trustees’ report is inconsistent in any material respect with the financial state- - ments; or - adequate accounting records have not been kept; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of trustees** As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. ## **Auditor’s responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we have considered; the nature of the industry, control environment and financial performance. We also consider the results of our enquiries of management, relating to their own identification and assessment 17 of the risks of irregularities and possible related fraud. This includes reviewing available documentation on their policies and procedures and performing tests of controls to evidence their effectiveness. Throughout the audit testing we are considering the incentives that may exist within the organisation for fraud. Key areas include timing of recognising income around the year end, posting of unusual journals and manipulating the charity’s performance measures to meet targets. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We ensure we have an understanding of the relevant laws and regulations and remain alert to possible non-compliance throughout the audit. Despite proper planning and audit work in accordance with auditing standards there are inherent limitations and unavoidable risk that we may not detect some irregularities and material misstatements in the financial statements. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. • Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. ## **Use of our report** This report is made solely to the charity’s members, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s members as a body, for our audit work, for this report, or for the opinions we have formed. Colin Reid (Senior Statutory Auditor) For and on behalf of Burgess Hodgson Chartered accountants & statutory auditor **18** ## Annual Accounts 2023-24 **SOFA BALANCE SHEET NOTES TO ACCOUNTS** 19 ## **GROUP STATEMENT OF FINANCIAL ACTIVITIES** ## **(Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2024** **20** ## **BALANCE SHEET** ## **FOR THE YEAR ENDED 31 MARCH 2024** The Trustees have prepared group accounts in accordance with section 399 of the Companies Act 2006 and section 138 of the Charities Act 2011. The Trustees consider that the charitable company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 (“the Act”). The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at 31 March 2024 and of its net incoming resources for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The entity was entitled to exemption from audit under section 477 of the companies Act 2006. The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. However, an audit is required in accordance with section 144 of the Charities Act 2011. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act. These constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. The financial statements were approved by the Board of Trustees on 28/2/25 and signed on their behalf. 21 Trevor Abram ## Notes ## 1 **Accounting policies** The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## a) **General information and basis of Preparation** West Faversham Community Association is a Charitable Company limited by guarantee in England and Wales. The address of the registered office is given in the charity information on page 4 of these financial statements. The nature of the charity’s operations and principal activities are to establish and run a community centre. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016) , the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015. The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A. The financial statements are prepared on a going concern basis. There are no material uncertanties related to events or conditions which would cast doubt on the Charity's ability to continue as a going concern. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The financial statements are prepared in sterling which is the functional currency of the Charity and rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## c) **Income** All incoming resources are included in the statement of financial activities when the charitable company is legally entitled to the income and the amount can be quantified with reasonable accuracy. Donations are recognised as income when any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the Charity of the item is probable and the economic benefit can be measured reliably. No amounts are included in the financial statements for services donated by volunteers. Grants are recognised at fair value when the Charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Income tax recoverable in relation to donations received under gift aid or deeds of covenant is recognised at the time of the donation. Hiring fees are recognised when the event takes place. Fees received in advance for events occuring after the year end are deferred and recognised in other creditors. Income from trading acivities includes income earned from trading acivities to raise funds for the Charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entilement has occurred. Fundraising income is recognised when the income is receivable. Investment income, gains and losses are allocated to the appropriate fund. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally on notification of the interest paid or payable by the Bank. ## d) **Expenditure** All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Any irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. Costs of generating funds include fundraising, publicity costs and non-charitable trading activities together with their related support costs. Expenditure on charitable activities includes costs directly related to running the community centre. Costs include direct wages, repairs and maintenance, and overheads such as insurance and utility expenses. Support costs are those costs incurred directly in support of expenditure on the objects of the charitable company and are allocated across charitable and noncharitable activities on a pro-rata basis guided by the value of attributable costs, unless they can be attributed directly, being a measurement considered representative of the specific input into each activity. Costs include office and goverenance costs. Goverence costs include those costs associated with meeting the constitutional and Statutory requirements of the Charity and include Independent examination fees. ## e) **Company Status** The charitable company is a company limited by guarantee. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company. **22** - f) **Tangible fixed assets and depreciation** After the initial set up costs, all assets costing less than £1,250 are written off at time of purchase. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less the residual value, over their expected useful lives as follows: Freehold buildings and improvements 2%/10% on cost Furniture, fittings and equipment 15% reducing balance Office equipment and computers 25% straight line Motor vehicles 25% straight line Depreciation is charged once the equipment purchased has been fully received and is operational. ## g) **Intangible asset amortisation** Intangible assets are amortised over their useful life as follows Computer software 20% straight line ## h) **Debtors and creditors receivable / payable within one year** Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from are recognised in expenditure. i) **Cash at bank and in hand** Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of a opening of the deposit or similar account. j) **Fund Accounting** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charitable company and whi been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the charitable particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund the notes to the financial statements. j) **Stock** Stock is valued at the lower of cost or net realisable value. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow moving stock where appropriate. ## k) **Pensions** The Charity operates an Auto-enrolment Pension scheme. The charge shown in the accounts represents the employer's contributions to the money purchase scheme. l) **Consolidation** These financial statements consolidate the results of the charity and its wholly owned Subsidiaries All The Extras Ltd and Kent Community Training C.I.C. on a line by line basis. A separate statement of financial position or income and expenditure account, for the charity itself is not presented because the Charity has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006. ## 2 **Restricted and unrestricted Income** All income for the current and prior year was attributable to unrestricted income, except for restricted grants and donations as disclosed in note 3. 23 Grant Income and donalons General Fund 2024 Restrlcted Tolal Funds 2024 Total Fun(ts 2023 Funds 2024 Grants tk)natK)n5 385,545 385.545 1.874 326.137 1.874 1.874 385.545 387.420 326.137 Grants Lo¢%1 auth0n1￿$ Job RetentM)n scheme Svtsle Borough Coun( Heme Council Kent County CAJun( Faversham Town CounKI Dover DC NaI￿nal btlery Pov*er to d)ange HAF J&H Trusl Reconned Children ￿ need Co-op Youth DepartrrEnl of Edu¢￿t￿)n OGA33393 Kent Comrwnrty Fountl3lKtrn Imago Headstart Phil¥iConn ChantEs Trust NeKJhbourty sainsburys Pay rt foThtsrd Mayor of Faversham John Swire SJP APR Fundays App￿n1￿%hlp Granl KCF Grant CCES Sedorrecovery Sports Engbnd HubHun Street GarTES Uk GWUK Ground￿￿ CinerTkq pfDJect Ck)ththa)rkers Va￿n¢￿ Faversham Lottery Health Inlellegence Ayksham Weware ￿ntrE Mèans to Gains ￿an￿gful Errpk>yrnnt B&Q Asda Co-op Youth M&S Nalh)nal Fla 24,508 27.436 23,319 23,319 3,170 7.887 3,170 7,887 11.170 1,069 Charilies 104.293 104,293 57.638 10.000 60,239 10.000 1,373 10.500 59.168 59,168 10.000 1.610 10.000 1.610 1.500 3.300 9.500 55.944 9.500 55,944 46,625 3.325 6,500 1.000 5.500 1.000 5,500 1,000 10.000 20.000 15.000 600 15.000 600 10,150 600 76.658 390 76.658 390 452 Others 5.000 525 200 1.000 750 Other 11.507 11,507 1,278 385,545 385.545 326.138 24 4 **INCOME AND EXPENDITURE OF TRADING SUBSIDIARIES** 5 The Charity owns the whole of the issued share capital of All The Extras Ltd. The results of this Company for the year ended 31 March 2024 are summarised below: The results include intercompany trading with the parent, these balances are eliminated in the Charitys consolidated SOFA ||**2024**|**2023**| |---|---|---| ||**£**|**£**| |Turnover|331,624|276,055| |Direct costs|(233,144)|(206,743)| ||98,480|69,311| |Management charges to/ from parent company|-|(900)| |Administative expenses|(56,558)|(56,461)| ||41,923|11,951| |Gift Aided to the Charity|-|-| |Other operating income|-|1,502| |Operating Profit|41,923|13,453| |Interest receivable||-| |Interest payable|(2,145)|(260)| |Tax|(12,649)|-| |Retained profit/loss in subsidiary|27,129|13,193| |The aggregate of assets, liabilities and funds was:||| ||**2024**|**2023**| ||**£**|**£**| |Assets|212,723|137,986| |Liabilities|(165,536)|(117,927)| |Net assets|47,187|20,058| |Represented by:||| |Ordinary shares of £1 each|1|1| |Profit and Loss account|47,186|20,057| |Total funds|47,187|20,058| The Charity is the sole member of Kent Community Training C.I.C. (formerly The Café at West Faversham Community Centre Limited), a company limited by guarantee. The Company is dormant for the year ended 31 March 2024 (dormant, in the year ended 31 March 2023 ) |**Investment income**|**General**|**Restricted**|**Total**|**Total**| |---|---|---|---|---| ||**Fund**|**Funds**|**Funds**|**Funds**| ||**2024**|**2024**|**2024**|**2023**| ||**£**|**£**|**£**|**£**| |Interest receivable|-|-|-|17| All interest receivable in 2023 was unrestricted. 25 |6|**Costs of running the Community Centre**|**General**|**Restricted**|**Total**|**Total**| |---|---|---|---|---|---| ||**Analysis of resources expended**|**Fund**|**Funds**|**Funds**|**Funds**| |||**2024**|**2024**|**2024**|**2023**| |||**£**|**£**|**£**|**£**| ||**Activities undertaken directly**||||| ||Gross wages|607,887|-|607,887|686,668| ||Direct cost of Gym, classes, holiday scheme||||| ||and jobs hub|1,565|-|1,565|5,416| ||Purchase of decorations and hirings inc fundraising|23,596|-|23,596|40,329| ||Community Activity Equipment and Licenses|16,354|-|16,354|2,916| ||Youth trips|-|-|-|2,959| ||Purchase of food and Drink|22,820|-|22,820|22,124| |||672,221|-|672,221|760,412| ||_Repairs, maintenance and improvements:_||||| ||Sundry repairs|3,407|-|3,407|3,714| ||Equipment services maintenance|10,005|-|10,005|18,838| ||Purchase of small items of equipment||||| ||and fixtures|2,860|-|2,860|11,213| ||Garden and Pitch Maintenance|9,689|-|9,689|10,578| ||Depreciation|-|164,635|164,635|159,788| |||25,961|164,635|190,596|204,131| ||**Support costs**||||| ||_Overheads:_||||| ||Insurance|12,122|-|12,122|8,310| ||Water and sewage rates|5,337|-|5,337|6,488| ||Electricity and Gas|39,073|-|39,073|28,367| ||Waste disposal|12,514|-|12,514|17,252| ||TV licence and performing rights|3,274|-|3,274|2,699| ||Telephone|25,791|-|25,791|24,509| ||Cleaning materials|(3,663)|-|(3,663)|21,093| ||Staff and volunteer training and travel|10,435|-|10,435|17,591| ||Advertising|2,342|-|2,342|12,696| ||Stationery and postage|9,483|-|9,483|1,281| ||Employment HR and Consultancy|-|-|-|6,371| ||Sundry expenses|2,689|-|2,689|2,813| ||Interest|30,308|-|30,308|17,011| |||149,705|-|149,705|166,481| **26** 7 **Governance costs** Governance costs comprised of auditors remuneration which amounted to an audit fee of £ 11,400 (2023: £9,600 ). - 8 **Employee costs and Trustees' remuneration** |**Employee costs and Trustees' remuneration**|**2024**|**2023**| |---|---|---| ||**£**|**£**| |**Staff costs of the group were:-**||| |Wages and salaries|645,313|725,781| |Social security costs|40,786|42,529| |Employers pension contributions|9,413|9,452| ||695,512|777,762| There were no employees whose annual emoluments were £60,000 or more. The average monthly number of employees (full time equivalents (FTE)) during the year was: |**2024**|**2024**|**2023**|**2023**| |---|---|---|---| |**Number**|**FTE**|**Number**|**FTE**| |56|42|56|42| ## 9 **Pension Costs** The Charity operates a contributory pension scheme. This is a defined contribution scheme and contributions are charged in the statement of financial activities as they accrue. The charge for the year was £6,975 (2023: £7,077). As at the balance sheet date the Charity owed the fund £21,039 (2023: £11,263). ## 10 **Trustees, and key management personnel Remuneration and expenses** None of the Trustees (nor any persons connected with them) received any remuneration nor reimbursed expenses during the year (2023: Nil). The total amount of employee benefits received by key management personnel was £140,991 (2023: £148,026). The Charity considers its key management personnel to comprise the Charity's Trustees and those charged with its management. |12|**Tangible fixed assets - Charity**|**Freehold**|**Motor**||**Furniture,**|**Computer**|**Total**|**Total**| |---|---|---|---|---|---|---|---|---| |||**building**|**vehicles**||**fittings &**|**& Office**|**2024**|| ||||||**equipment**|**Equipment**||| |||**£**|**£**||**£**|**£**|**£**|| ||**Cost**|||||||| ||As at 1 April 2023|3,217,578|-||176,836|64,544|3,458,958|| ||Additions|134,010|38,911||4,553|1,473|178,947|| ||Disposals|-|-||(392)|-|(392)|| ||As at 31 March 2024|3,351,588|38,911|-|180,997|66,017|3,637,513|| ||**Depreciation**|||||||| ||As at 1 April 2023|1,305,736|-||129,566|43,669|1,478,971|| ||Disposal||-||-|||-| ||Charge for the year|138,014|7,782||7,715|11,124|164,635|| ||As at 31 March 2023|1,443,750|7,782|-|137,281|54,793|1,643,606|| ||**Net book value**|||||||| ||As at 31 March 2024|1,907,838|31,128|-|43,717|11,224|1,993,908|| ||As at 31 March 2023|1,911,842|-||47,270|20,875|1,979,987|| 27 |**Tangible fixed assets - Group**
**Cost**
As at 1 April 2023
Additions
Disposals
As at 31 March 2024
**Depreciation**
As at 1 April 2023
Disposal
Charge for the year
As at 31 March 2024
**Net book values**
As at 31 March 2024
As at 31 March 2023|**Freehold**
**building**
**£**
3,217,578
134,010
-
3,351,588
1,305,736
-
138,014
1,443,750
1,907,838
1,911,842|**Motor**
**vehicles**
**£**
-
66,188
-
66,188
-
-
10,510
10,510
55,678
-|**Furniture**
**fittings &**
**equipment**
**£**
275,887
12,390
(392)
287,885
142,055
-
15,809
157,864
130,021
133,832|**Computer**
**& office**
**equipment**
**£**
95,835
1,473
-
97,308
51,836
12,299
64,135
33,173
43,999|**Total**
**2024**
**£**
3,589,300
214,061
(392)| |---|---|---|---|---|---| ||||||3,802,969| ||||||1,499,627
-
176,632| ||||||1,676,259| ||||||2,126,710| ||||||2,089,672| At 31 March 2024 the net book value of freehold land and buildings contained £250,000 of Land at Cost which is not depreciated. |12a
**Intangible fixed assets - Group**
As at 1 April 2023
Additions
Disposals
As at 31 March 2024
**Depreciation**
As at 1 April 2023
Disposal
Charge for the year
As at 31 March 2024
**Net book Values**
As at 31 March 2024
As at 31 March 2023
13 **Debtors**
Trade debtors
Amount owed by group undertakings
Sundry debtors
Prepayments
14
**Creditors: amounts falling due within one year**
Bank loans and overdrafts
Trade creditors
Other creditors
Taxation and social security
Amount owed by group undertakings
Hire Purchase <1 year
Accruals and deferred income|**Computer**
**Software**
**£**
1,269
-
-
1,269
1,016
253
1,269
-
253
**Group**
**2024**
**2023**
**£**
**£**
65,215
34,991
-
-
1,000
15,403
11,125
8,362
77,340
58,756
**Group**
**2024**
**2023**
**£**
**£**
19,090
26,471
55,394
94,846
76,404
3,547
84,850
34,903
-
-
14,320
-
16,284
32,372
266,341
192,139|27
**Total**
**£**
1,269
-
-
1,269
1,016
-
253
1,269
-
253
**Charity**
**2024**
**2023**
**£**
**£**
59,400
29,424
-
32,218
-
12,000
11,125
8,362
70,525
82,004
**Charity**
**2024**
**2023**
**£**
**£**
15,905
23,831
40,948
68,760
65,199
2,692
12,000
6,976
57,606
-
8,430
-
14,134
30,222
214,222
132,481|**Total**
**£**
1,269
-
-| |---|---|---|---| ||||1,269| ||||1,016
-
253| ||||1,269| ||||-| ||||253| ||||27
132,481| 14a **Deferred Income** |**Group**
The deferrend income in accruals and deferred income relates to
**2024**
**2023**
advanced booking sales for an event which has not yet taken place.
**£**
**£**
Balance as at 1 April 2023
22,021
20,141
Amount released to income earned from charitable activities
(22,021)
(20,141)
Amount deferred in the year
4,433
22,021
Balance as at 31 March 2024
4,433
22,021
15
**Creditors:amounts falling due after more**
**Group**
**than one year**
**2024**
**2023**
**£**
**£**
Loans
585,118
478,538
585,118
478,538
Included within the above are amounts falling due as follows:
_Between one and five years_
Loan due within 1 - 2 years
16,814
26,471
Loan due within 2 - 5 years
85,584
86,432
Hire Purchase <1 year
14,320
-
Hire Purchase >1 year
41,555
-
158,273
112,903
Time to pay
153,251
144,069
Repayable trustee assitance
20,000
-
Loan due over more than 5 years
284,728
-
248,037
Creditors includes amount not wholly repayable within 5 years as follows:
Repayable by instalments
284,728
248,037||**Charity**
**2024**
**2023**
**£**
**£**
22,021
20,141
(22,021)
(20,141)
4,433
22,021
4,433
22,021
**Charity**
**2024**
**2023**
**£**
**£**
551,738
452,486
551,738
452,486
14,014
23,831
82,316
74,506
8,430
-
23,885
-
128,645
98,337
140,809
129,244
20,000
-
284,728
248,736
284,728
248,736|**Charity**
**2024**
**2023**
**£**
**£**
22,021
20,141
(22,021)
(20,141)
4,433
22,021
4,433
22,021
**Charity**
**2024**
**2023**
**£**
**£**
551,738
452,486
551,738
452,486
14,014
23,831
82,316
74,506
8,430
-
23,885
-
128,645
98,337
140,809
129,244
20,000
-
284,728
248,736
284,728
248,736| |---|---|---|---| ||||| ||-||| |||551,738|452,486| |||14,014
82,316
8,430
23,885|23,831
74,506
-
-| |||128,645
140,809
20,000|98,337
129,244
-| |||284,728|248,736| |||284,728|248,736| The loan represents amounts advanced from Charity Bank. The loan is repayable over 20 years, repayment of the loan commenced in April 2012. Interest is payable at a rate of 3% per annum. The loan is secured by way of a legal charge over the Association's land and buildings. An additional loan has been taken in the year from Kent Community Foundation in order to offer a softplay area. The loan is repayable over 4 years. The balance of this loan at 31 March 2024 is £57,429 The Subsidiary All the Extras is in receipt of a loan of £6,066 as at 31 March 2024 (2023: £8,867). 16 |**Analysis of net assets between funds**
**General Funds**
**Undesignated Designated**
**£**
**£**
Tangible fixed assets
294,186
-
Current assets
-
-
Current liabilities
-
-
Long term liabilities
(247,251)
-
Deferred taxation
(22,432)
-
Net assets as at 31 March 2024
24,503
-
**Analysis of net assets between funds prior year**
**General Funds**
**Undesignated Designated**
**£**
**£**
Tangible fixed assets
223,146
-
Current assets
-
-
Current liabilities
-
-
Long term liabilities
(165,667)
-
Deferred taxation
-
-
Net assets as at 31 March 2023
57,479
-|**Restricted**
**funds**
**£**
1,832,525
110,530
(266,341)
(337,867)
-
1,338,847
**Restricted**
**funds**
**£**
1,866,779
129,929
(192,138)
(312,870)
-
1,491,700|**Total**
**2024**
**£**
2,126,710
110,530
(266,341)
(585,118)
(22,432)| |---|---|---| |||1,363,350| |||**Total**
**2023**
**£**
2,089,925
129,929
(192,138)
(478,538)
-| |||1,549,178| 28 |17|**Statement of funds**|**Statement of funds**|**Balance at**|**Incoming**|**Expenses**|**Transfers**|**Balance at**| |---|---|---|---|---|---|---|---| ||||**01 04 23**|**resources**|||**31 03 24**| ||**Unrestricted funds**||**£**|**£**|**£**|**£**|**£**| ||||||||-| ||Undesignated general fund||57,497|-|32,994|-|24,503| ||m|HAF SHC|-|-|-|-|-| ||h|Imago|-|-|-|-|-| ||s|Charities trust|-|-|-|-|-| ||v|Cur Enfinium|-|-|-|-|-| ||ae|Faversham Lottery|-|-|-|-|-| ||||57,497|-|32,994|-|24,503| ||**Restricted funds**||||||-| ||_Building improvement and Association_||||||-| |||_development fund_|1,483,863|-|164,655|-|1,319,208| |||_Aylesham Grant_|-|-|-|-|-| ||_Other grants_||||||-| ||a|Swale Borough Council|-|23,319|23,319|-|-| ||b|Faversham Town Council|-|7,887|7,887|-|0| ||c|AWLC youth work|-|-|-|-|-| ||d|Dep of Education|-|-|-|-|-| ||e|KCC|-|3,170|3,170|-|-| ||f|Children in need|2,000|10,000|5,000|-|7,000| ||g|Co-op youth activites|-|1,610|1,610|-|0| |||Imago|(4,663)|55,944|55,944|-|(4,663)| ||i|Hubub|-|15,000|15,000|-|-| ||j|Neighbourly for sainsburys|-|5,500|5,500|-|-| ||k|Mayor of faversham|-|-|-|-|-| ||l|Lottery SHC|-|104,293|92,968|-|11,325| |||HAF SHC|1,500|59,168|54,721|-|5,948| ||n|Kent Community Foundation|-|9,500|9,500|-
|-| ||o Reconnect|o Reconnect|-|-|-|-|-| ||p|Phippil Connie foundation|500|-|500|-|-| ||q|Valencia|-|76,658|76,658|-|-| ||r|Charities trust|-|1,000|1,000|-|-| |||Faversham Lottery||390|362|-|28| ||t|Street Games UK|-|600|600|-|-| ||u|GWUK|-|-|-|-|-| ||w|KC Reconnect Leisure|-|-|-|-|-| ||x|KCC Talents & Interest|-|-|-|-|-| ||y|CCES Sector recovery|-|-|-|-|-| ||z|KCF Digital fund|-|-|-|-|-| ||aa|PTC|8,500|-|8,500||-| ||ab|Grant for Solar panels|-|-|-|-|-| ||ac|J&H|-|-|-|-|-| ||af|Pay it forward|-|-|-|-|-| ||ag|Other|-|11,507|11,507|-|-| ||ah|Department of Education|-|-|-|-|-| ||ai|Kickstarter Grants|-|-|-|-|-| ||aa|OGA33393|-|-|-|-|-| ||ab|N Rail|-|-|-|-|-| ||ac|Cost of living grant|-|-|-|-|-| ||ae|Headstart|-|-|-|-|-| ||af|B&Q|-|-|-|-|-| ||ag|National Rail|-|-|-|-|-| ||||1,491,700|385,546|538,380|-|1,338,846| 29 ## 17 continued |Statement of funds prior year
Unrestricted funds
Undesignated general fund
Restricted funds
Building improvement and Association
development fund
Aylesham Grant
Other grants
a
Swale Borough Council
b
Faversham Town Council
c
AWLC youth work
d
Dep of Education
e
KCC
f
Children in need
g
Co-op youth activites
h
Imago
i
OGA
j
B&Q
k
Mayor of faversham
l
Lottery SHC
m HAF SHC
n
Kent Community Foundation
o Reconnect
p
Phippil Connie foundation
q
SJP Co
r
Children in need
s
Asda
t
Street Games UK
u
GWUK
v
M&S
w
KC Reconnect Leisure
x
KCC Talents & Interest
y
CCES Sector recovery
z
KCF Digital fund
aa PTC
ab Grant for fridge
ac J&H
ae Faversham Lottery
af Pay it forward
ag Other
ah Department of Education
ai Kickstarter Grants
aa **OGA33393**
ab N Rail
ac Cost of living grant
ae Headstart
af B&Q
ag National Rail|**Balance at**
**01 04 22**
£
122,719
1,631,992
22,000
-
-
1,000
-
-
-
1,741
-
-
-
-
-
11,695
5,000
7,352
-
-
9,000
-
-
-
-
2,992
225
1,190
3,250
-
-
-
8
1,000
-
-
1,000
-
-
-
-
-
-
1,699,444|**Incoming**
**resources**
£
-
-
-
27,436
1,069
-
-
11,170
10,500
200
46,625
-
1,000
-
57,638
60,239
20,000
1,373
6,500
10,000
-
525
600
-
1,000
-
-
-
-
10,000
10,150
10,000
452
-
1,278
1,500
24,508
3,300
-
-
3,325
5,000
750
326,138|Expenses
£
(65,222)
148,129
22,000
27,436
1,069
1,000
-
11,170
8,500
1,941
51,288
-
1,000
-
57,638
70,434
25,000
8,725
6,000
10,000
9,000
525
600
-
1,000
2,992
225
1,190
3,250
1,500
10,150
10,000
460
1,000
1,278
1,500
25,508
3,300
-
-
3,325
5,000
750
533,882|**Transfers**
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Balance at**
**31 03 23**
£
57,497
1,483,863
-
-
-
-
-
-
2,000
-
(4,663)
-
-
-
-
1,500
-
-
500
-
-
-
-
-
-
-
-
-
-
8,500
-
-
-
-
-
-
-
-
-
-
-
-
-| |---|---|---|---|---|---| ||||||1,491,701| ## 18 **Capital commitments** The charity has no capital commitments at 31 March 2024 (2023: Nil). 19 **Related Party** During the year an employee (the daughter and step-daughter of Trustees) received a salary of £29,346 (2023: £27,888) WFCA, Bysingwood Road, Faversham, ME137RH **westfavershamca.org Hernecentre.org alyeshamWLC.org** Phone: 01795 537321 Email: info@westfavershamca.org