| Forthe year ended | 31August 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| Funds | Funds | Total | Total | ||||
| Note | 2022f | 2022 | 2022f | 2021 | |||
| INCOME FROM". | |||||||
| Donations and legacies |
62,798 | 164,776 | 227,574 | 165,066 | |||
| Charitable activities |
56,740 | 0 | 56,740 | 7'I,653 | |||
| TOTAL INCOME | 119,538 | 164,?76 | 284,314 | 236,719 | |||
| EXPENDITURE ON: | |||||||
| Raising funds | 5 | 664 | 0 | 664 | 841 | ||
| Charitable activities |
5 | 146,046 | 152,117 | 298,163 | 236,997 | ||
| TOTAL EXPENDITURE | 146,710 | 152,117 | 298,827 | 237,838 | |||
| Net (expenditure) | l | income | (27,172) | 12,659 | (14,513) | I'1,119) | |
| Transfers between |
funds | 9,694 | (9,694) | ||||
| NET MOVEMENT | IN FUNDS | (17,478) | 2,965 | (14,513) | (1,119) | ||
| RECONCILIATION | OF FUNDS: | ||||||
| TOTAL FUNDS B/F | 73,997 | 18,693 | 92,690 | 93,809 | |||
| TOTAL FUNDS CIF | 10 | 56,519 | 21,658 | 78,177 | 92,690 |
| FirmFoundation | |||||
|---|---|---|---|---|---|
| BALANCE SHEET | |||||
| As at 31 August 2022 | Unrestricted | Restricted | |||
| Funds | Funds | TotalFunds | Total Funds | ||
| Note | 2022 | 2022 | 2022 | 2021 | |
| E | F | ||||
| FIXEDASSETS | |||||
| Tangible assets | |||||
| CURRENT ASSETS | |||||
| Debtors | 4,050 | 0 | 4,050 | 4,198 | |
| Cash at bank and in hand | 53368 | 24 001 | 77,369 | 95,902 | |
| 57,418 | 24,001 | 81,419 | 100,100 | ||
| NET CURRENT ASSETS | 57,418 | 24,001 | 81 419 | 100,100 | |
| Creditors: amounts falling due within one year |
(899) | (2,343) | (3,242) | (7,410) | |
| NET CURRENT ASSETS/(LIABILITIES) | 56,519 | 21,658 | 78,177 | 92,690 | |
| TOTAL ASSETS LESSCURRENT LIABILITIES | 56,519 | 21,658 | 78,177 | 92,690 | |
| TOTAL NET LIABILITIES | 56,519 | 21 658 | 78,17? | 92,690 | |
| THE FUNDS OF THE CHARITY: | |||||
| Restricted income funds |
10 | 21,658 | 21,658 | 18,693 | |
| Unrestricted funds: |
|||||
| Designated funds |
10 | 11,269 | 11,269 | 33,991 | |
| General Fund | 10 | 45 250 | 45 250 | 40006 | |
| Total Unrestricted Funds |
56,519 | 56,519 | 73,997 | ||
| TOTALCHARITYFUNDS | 10 | 56,519 | 21 658 | 78,1?7 | 92,690 |
| a) | Basis ofaccounting | Basis ofaccounting | Basis ofaccounting | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| These accounts | have been prepared under the historical cost convention with items recognised at cost ortransaction value |
unless otherwise | |||||||||||
| stated in the relevant | note(s) | to | these accounts. | ||||||||||
| The accounts | have been prepared | in accordance with: | |||||||||||
| the Statement | of Recommended | Practice (SORP):Accounting and Reporting by Charities preparing their accounts in accordance with |
the | ||||||||||
| Financial Reporting |
Standard | applicable in the UK and Republic of Ireland (FRS102)issued on 16July 2014and with |
|||||||||||
| the Financial | Reporting | Standard | applicable in the United Kingdom and Republic ofIreland (FRS102)and with |
||||||||||
| the Charities Act 2011. | |||||||||||||
| FirmFoundation | meets the | definition ofa public benefit entity under FRS102. | |||||||||||
| b) | Going concern | ||||||||||||
| The charity has | net | current | assets at 31 August 2022 of E81k and has set a prudent operating budget for 2022I2023. |
Therefore | the | trustees | |||||||
| consider that | the organisation's | financial viability is assured for at least 12months from the signing ofthese accounts, |
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| 2. | ACCOUNT)NG | POLICIES | |||||||||||
| s) | ~ln me |
||||||||||||
| Recognitlon | of | income | These sre included in the Statement ofFinancial Activities (SoFA) when: |
||||||||||
| the charity becomes enfitled to the resources; | |||||||||||||
| it is more likely than not that the trustees will receive the resources; and |
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| the monetary value can be measured with sufficient reliability. |
|||||||||||||
| Offsetting | There has been no offsetting ofassets and liabilities, or income and expenses, unless required |
or permitted | |||||||||||
| bv the FRS102SORP orFRS102. | |||||||||||||
| Grants and donations | Grants and donations are only included in the SoFA when the general income recognition criteria |
are | met | ||||||||||
| (5.10to 5.12FRS 102SORP). | |||||||||||||
| In the case of performance related grants, income must only be recognised to the extent that the |
charity has | ||||||||||||
| provided the specified goods or services ss entitlement to the grant only occurs when the performance |
|||||||||||||
| related conditions are met (5.16FRS 102SORP). | |||||||||||||
| Legacies | Legacies are included in the SOFA when receipt is probable, that is, when there has |
been grant | of probate, | ||||||||||
| the executors have established that there are sufficient assets in the estate and any conditions |
attached to | ||||||||||||
| the legacy are either within the control ofthe charity or have been met. | |||||||||||||
| Government | grants | The charity hss received government grants in the reporting period |
|||||||||||
| Tax reclaims | on donations | and | Gift Aid receivable is induded in income when there is a valid declaration from the donor. Any Gift Aid |
||||||||||
| gifts | amount recovered on a donation is considered to be part ofthat gift and istreated as |
an addiTion | tothe same | ||||||||||
| fund as the initial donation unless the donor orthe terms ofthe appeal have specified |
otherwise. | ||||||||||||
| Contractual income and |
This is only included in the SoFA once the charity has provided the related goods or services or |
met the | |||||||||||
| oerformsnce | related arsnts | performance related conditions. |
|||||||||||
| Donated goods | Donated goods are measured at fair value (the amount for which the asset could be exchanged) |
unless | |||||||||||
| impractical to do so. |
|||||||||||||
| The cost of any stock ofgoods donated for distribution to beneticiaries is deemed to |
bethe fair | value | of | ||||||||||
| those gifts atthe time oftheir receipt and they are recognised on receipt. In the reporting period |
in which the | ||||||||||||
| stocks are distributed, they are recognised as an expense at the carrying amount ofthe stocks at distribution. |
|||||||||||||
| Donated goods for resale are measured at fair value on initial recognition, which is the expected |
proceeds | ||||||||||||
| from sale less the expected costs ofsale, and recognised in 'Income from other trading activities' |
with the | ||||||||||||
| corresponding stock recognised in the balance sheet. On its sale the value ofstock is charged |
against | ||||||||||||
| 'Income from other trading activities' and the proceeds from sale are also recognised |
as 'Income | from other | |||||||||||
| trading activities'. |
|||||||||||||
| Goods donated for on~oing use by the charity are recognised as tangible fixed assets and included | in the | ||||||||||||
| SoFAas incoming resources when receivable. |
|||||||||||||
| Gifts in kind for use by the charity are included in the SoFA as income from donations |
when receivable. | ||||||||||||
| Donated services and | facilities | Donated services and facilities are Included in the SOFA when received atthe value |
ofthe gift tothe | charity | |||||||||
| provided the value ofthe gift can be measured reliably. |
|||||||||||||
| Donated services and facilities that are consumed immediately are recognised as income with an equivalent |
|||||||||||||
| amount recognised as an expense under the appropriate heading in the SOFA. |
|||||||||||||
| Volunteer help | The value ofany voluntary help received is not included in the accounts but is described in the |
trustees' | |||||||||||
| annualreport. | |||||||||||||
| Income from | interest, | royaiffes | This is included in the accounts when receipt is probable and the amount receivable |
can be measured | |||||||||
| and dividends | reliably. | ||||||||||||
| Settlement ofinsurance | claims | Insurance claims are only included in the SoFA when the general income recognition |
criteria are | met | (5.10to | ||||||||
| 5.12FRS 102SORP) and are included as an item ofother income in the SoFA. |
| FirmFoundatton | FirmFoundatton | FirmFoundatton | FirmFoundatton | ||||||
|---|---|---|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEINENTS | |||||||||
| Forthe year ended | 31August 2022 | ||||||||
| Investment | gains and losses | This includes any realised or unrealised gains or losses on the sale of investments |
and any gain or loss | ||||||
| resulting from revaluing investments to market value at the end ofthe year. |
|||||||||
| b) | Ex n |
nd Li | illt | ||||||
| Liability recogniflon | Liabilities are recognised where it is more likely than not that there is a legal or |
constructive | obligation | ||||||
| committing the charity to pay out resources and the amount ofthe obligation can be measured with |
|||||||||
| reasonable certainty. |
|||||||||
| Redundancy | cost | The charity made no redundancy payments during the reporting period. |
|||||||
| Deferred income | No material item ofdeferred income has been induded in the accounts. |
||||||||
| Creditors | Creditors are measured at settlement amounts less any trade discounts |
||||||||
| Provisions | for liabilities | A liability is measured on recognition at its historical cost and then subsequently |
measured | stthe best | |||||
| estimate ofthe amount required to settle the obligation at the reporting date |
|||||||||
| c) | ~A | ||||||||
| Tangible fixed assets for use by | Tangible fixed assets will be capitalised ifthey can be used for more than one |
year, | and cost at least 5500. | ||||||
| charity | |||||||||
| They will be valued atcost. | |||||||||
| Computer equipment will be depreciated at 33%per annum on cost. |
|||||||||
| Other equipment and Fixture &Fittings will be depreciated at 20'/o per annum |
on cost. | ||||||||
| Other fixed | assets | The charity has no other fixed assets | |||||||
| Debtors | Debtors (including trade debtors and loans receivable) are measured on initial |
recognition | at settlement | ||||||
| amount after any trade discounts or amount advanced by the charity. Subsequently, |
they are measured | at | |||||||
| the cash or other consideration expected to be received. |
|||||||||
| Current asset investments | Investments held for resale or pending their sale and cash and cash equivalents |
which have a maturity | date | ||||||
| less than one year, including cash on deposit and cash equivalents with a maturity |
date of | less than one year | |||||||
| held for investment purposes rather than to meet short term cash commitments |
as | they fall due will be valued | |||||||
| at fair value except where they qualify as basic financial instruments. |
| ndation TO THE FINANCIAL STATEII&ENTB year ended 31August 2022 |
ndation TO THE FINANCIAL STATEII&ENTB year ended 31August 2022 |
ndation TO THE FINANCIAL STATEII&ENTB year ended 31August 2022 |
ndation TO THE FINANCIAL STATEII&ENTB year ended 31August 2022 |
ndation TO THE FINANCIAL STATEII&ENTB year ended 31August 2022 |
|||||
|---|---|---|---|---|---|---|---|---|---|
| DEBTORS AND PREPAYMENTS | 2022 | 2021 | |||||||
| E | |||||||||
| Gift Aid claimed | 763 | 450 | |||||||
| Housing benefit due |
1,681 | 3,292 | |||||||
| Client contribution | arrears | 4,418 | 5,974 | ||||||
| Less Provision for | bad | debts | (3,594) | (5,518) | |||||
| Client loans | 782 | ||||||||
| 4000 | 4 400 | ||||||||
| CREDITORS AND ACCRUALS | 2022 | 2021 | |||||||
| E | |||||||||
| Trade creditors | 3242 | 2420 | |||||||
| 3242 | 2,420 | ||||||||
| STATEMENT OF | FUNDS | ||||||||
| Brought | Carried | ||||||||
| forward | Income | Expenditure | Transfers | forward | |||||
| 1/0/21 | 2021/22 | 2021/22 | 2021/22 | 31/8/22 | |||||
| E | E | E | E | E | |||||
| nrestricted funds |
|||||||||
| Designated funds |
|||||||||
| Housing | Fund | 4,815 | 56,739 | (73,174) | 11620 | ||||
| Drop In | Fund | 6,722 | (6,432) | 200 | |||||
| Uoyds Bank Foundation | Fund | 6,700 | 6,700 | ||||||
| Nationwide-Support | Worker | Fund | 22,476 | (18,197) | 4,270 | ||||
| General fund | 40,006 | 56,077 | 48,907 | L020 | 44200 | ||||
| Total unrestricted | funds | 73,907 | 110,538 | (148,710) | 9,604 | SS,S10 | |||
| ~est ctq~fu ds: | |||||||||
| Night Shelter Fund | 129,442 | (119,021) | 10,421 | ||||||
| National Lottery Communities |
Fund | 18,603 | 35,334 | (33,096) | (9,694) | 11,237 | |||
| Total restricted funds | 1&,503 | 164,775 | (152,117) | (0604) | 21,6S8 | ||||
| TOTAL FUNDS | 02,600 | 284,314 | (208,827) | 78,177 | |||||
| Brought | Canied | ||||||||
| forward | Income | Expenditure | Transfers | forward | |||||
| ~P'o e r |
1/0/20 | 2020/21 | 2020/21 | 2020/21 | 31/8/21 | ||||
| E | E | E | E | E | |||||
| IJgrestttc~ted f ILds:. | |||||||||
| Designated funds: |
|||||||||
| Housing (formerly Premises) |
Fund | 288 | 70,944 | (66,417) | 4,&15 | ||||
| Drop ln | Fund | (2,164) | 2,164 | ||||||
| Uoyds Bank Foundation | Fund | 6,700 | 6,700 | ||||||
| Nationwide-Support | Worker | Fund | 49,920 | (13,848) | (13,596) | 22,478 | |||
| General fund | 45,037 | 98,835 | 89,305 | 15,461 | 40006 | ||||
| Total unrestricted | funds | 100,681 | 160,770 | (180,570) | (26,803} | 73,097 | |||
| Qy~nct d fttgds: |
|||||||||
| Night Shelter Fund | (6,872) | 32,224 | (52,245) | 26,803 | |||||
| National Lottery Communities |
Fund | 34,716 | (16,023) | 18,603 | |||||
| Total restricted funds | (8,572) | 66,040 | (58,288) | 26,503 | 18,893 | ||||
| TOTAL FUNDS | 03,800 | 238,719 | (237,838} | 02,690 |