# # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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,|||||| |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||||| ||||||||||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|