| Forthe year ended | 31August 2023 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| Funds | Funds | Total | Total | ||||
| Note | 2023 | 2023 | 2023 | 2022 | |||
| K | F | K | |||||
| INCOME FROM: | |||||||
| Donations and legacies |
3 | 100,313 | 85,444 | 185,757 | 227,574 | ||
| Charitable activities |
3 | 63,998 | 0 | 63,998 | 56,740 | ||
| Investments | 3 | 96 | 0 | 96 | 0 | ||
| TOTAL INCOME | 164,407 | 85,444 | 249,851 | 284,314 | |||
| EXPENDITURE ON: | |||||||
| Raising funds | 787 | 0 | 787 | 664 | |||
| Charitable activities |
171,003 | 136,194 | 307,197 | 298,163 | |||
| TOTAL EXPENDITURE | 171,790 | 136,194 | 307,984 | 298,827 | |||
| Net (expenditure) | I | income | (7,383) | (50,750) | (58,133) | (14,513) | |
| Transfers between |
funds | (42,469) | 42,469 | ||||
| NET MOVEMENT | IN FUNDS | (49,852) | (8,281) | (58,133) | (14,513) | ||
| RECONCILIATION | OF FUNDS: | ||||||
| TOTAL FUNDS B/F | 56,519 | 21,658 | 78,177 | 92,690 | |||
| TOTAL FUNDS C/F | 10 | 6,667 | 13,377 | 20,044 | 7B,177 |
| FirmFoundation BALANCE SHEET |
FirmFoundation BALANCE SHEET |
|||||
|---|---|---|---|---|---|---|
| As at 31August 2023 | Unrestricted | Restricted | ||||
| Funds | Funds | Total Funds | Total Eunds | |||
| Note | 2023 | 2023 | 2023 | 2022 | ||
| 6 | ||||||
| FIXEDASSETS | ||||||
| Tangible assets | ||||||
| CURRENT ASSETS | ||||||
| Debtors | 4,021 | 0 | 4,021 | 4,050 | ||
| Cash at bank and | in hand | 27 531 | 14,700 | 42,231 | 77,369 | |
| 31,552 | 14,700 | 46,252 | 81,419 | |||
| NET CURRENT ASSETS | 31,552 | 14,700 | 46,252 | 81,419 | ||
| Creditors' . amounts | falling due within one year | (24,885) | (1,323) | (26,208) | (3,242) | |
| NET CURRENT ASSETS/(LIABILITIES) | 6,667 | 13,377 | 20,044 | 78,177 | ||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 6,667 | 13,377 | 20,044 | 78,177 | ||
| TOTAL NET LIABILITIES | 6,667 | 13,377 | 20,044 | 78,177 | ||
| THE FUNDS OF THE CHARITY." | ||||||
| Restricted income | funds | 10 | 13,377 | 13,377 | 21,658 | |
| Unrestricted funds: |
||||||
| Designated funds |
10 | 0 | 0 | 11,269 | ||
| General Fund | 10 | 6667 | 6,667 | 45250 | ||
| Total Unrestricted | Funds | 6,667 | 6,667 | 56,519 | ||
| TOTAL CHARITY | FUNDS | 10 | 6,667 | 13 377 | 20,044 | 78,177 |
| Fort | he year ended 31August 2023 | he year ended 31August 2023 | he year ended 31August 2023 | he year ended 31August 2023 | he year ended 31August 2023 | he year ended 31August 2023 | he year ended 31August 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BASISOF PREPARATION | ||||||||||||||
| a) | Basis ofaccounting | ||||||||||||||
| These accounts | have been prepared under the historical cost convention with items recognised atcostor transaction 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 ofIreland (FRS102)issued on 16July 2014and with |
|||||||||||||
| the Financial | Reporting | Standard | applicable in the United Kingdom and Republic ofIreland (FRS102)and with |
||||||||||||
| ths Charities | Act2011. | ||||||||||||||
| FirmFoundation | meets the definition ofa public benefit entity under FRS 102. | ||||||||||||||
| b) | Going concern | ||||||||||||||
| The charity | has | net | current | assets at 31 August 2023 of 646k and has set a prudent operating budget for 2023I2023. |
Therefore | the trustees | |||||||||
| consider that | the organisation's | financial viability is assured for at least 12months from the signing ofthese accounts. |
|||||||||||||
| 2. | ACCOUNTING | POLICIES | |||||||||||||
| a) | tncomn | ||||||||||||||
| Recognition | of | income | These are included in the Statement of Financial Activities (SoFA) when: |
||||||||||||
| the charity becomes entitled tothe 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 or FRS 102. | |||||||||||||||
| Grants and | donations | Grants and donations are only included in the SoFA when the general income recognition |
criteria are met | ||||||||||||
| (5.10to 5.12FRS102SORP). | |||||||||||||||
| In the case ofperformance related grants, income must only be recognised to the extent |
that the | charity has | |||||||||||||
| provided the specified goods or services as entitlement to the grant only |
occurs when | the performance | |||||||||||||
| related conditions are met (5.16FRS102SORP). | |||||||||||||||
| Legacies | Legacies are included in the SOFA when receipt is probable, that is, when there has been grant |
ofprobate, | |||||||||||||
| the executors have established that there are sufficient assets in the estate and any conditions |
attached to | ||||||||||||||
| the leqacy are either within the control ofthe charity or have been met. | |||||||||||||||
| Government | grants | The charity has received government grants in the reporting period |
|||||||||||||
| Tax reclaims | on donations | and | Gift Aid receivable is included 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 |
is treated as an | addition | to the same | |||||||||||
| fund as the initial donation unless the donor orthe terms of the appeal have specified |
otherwise. | ||||||||||||||
| Contractual | Income | and | This is only included in the SoFAonce the charity has provided the related goods or services or |
met the | |||||||||||
| oerformance | related arants | 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 beneficiaries is deemed to be the 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-going use by the charity are recognised as tangible fixed assets |
and included in the |
||||||||||||||
| SoFA as 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 |
at the value ofthe gift to the charity | |||||||||||||
| provided the value ofths gift can be measured reliably. |
|||||||||||||||
| Donated services and facilitiss 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' | ||||||||||||
| annual report. |
|||||||||||||||
| Income from | interest, royalties | This is included in the accounts when receipt is probable and the amount |
receivable can | be measured | |||||||||||
| and dividends | reliably. | ||||||||||||||
| Settlement of | insurance | claims | Insurance claims are only included in the SoFAwhen ths general income |
recognition criteria are |
met (5.10to | ||||||||||
| 5.12FRS 102SORP) and are included as an item ofother income in the |
SoFA. |
| FlrmFoundatlon | FlrmFoundatlon | FlrmFoundatlon | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATENIENTS | ||||||||||
| Forthe year ended | 31August 2023 | |||||||||
| 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 nditure |
and Uabilities | ||||||||
| Liability recognition | 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 of the obligation |
can be measured | with | ||||||||
| reasonable certainty. |
||||||||||
| Redundancy | cost | The charity made no redundancy payments during the reporting period. |
||||||||
| Deferred income | Unrsstncted income is deferred if it is received, but not used, for a specific purpose |
within | the | year but will be | ||||||
| spent on that purpose in subsequent years. |
||||||||||
| 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 | at the best | ||||||
| estimate ofthe amount required to settle the obligation at the reporting date |
||||||||||
| c} | Assets | |||||||||
| Tangible fixed assets for use by | Tangible fixed assets will be capltalised ifthey can be used for more than one |
year, | and cost at least 8500. | |||||||
| charity | ||||||||||
| They will be valued atcost. | ||||||||||
| Computer equipment will be depreciated at33/o 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) ars 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. |
| FirmFoundatlon | FirmFoundatlon | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NOTES | TO THE FINANCIAL | STATEMENTS | |||||||||||||||||||||||||||
| Forthe | year ended 31August | 2023 | |||||||||||||||||||||||||||
| 3. | ANALYSIS OF INCOME | ||||||||||||||||||||||||||||
| Unrestricted | funds | Restricted | Total | Unrestricled | Restricted | Total | |||||||||||||||||||||||
| 2023 | income | funds | 2023 | funds 2022 | income | funds | 2022 | ||||||||||||||||||||||
| 2023 | 2022 | ||||||||||||||||||||||||||||
| 6 | |||||||||||||||||||||||||||||
| Donations and legacies: | |||||||||||||||||||||||||||||
| Donations and gifts |
71,953 | 325 | 72,278 | 44,676 | 753 | 45,429 | |||||||||||||||||||||||
| Gift Aid | 9,860 | 9,860 | 3,122 | 3,122 | |||||||||||||||||||||||||
| General grants provided | by | 18,500 | 85,119 | 103,619 | 15,000 | 164,023 | 179,023 | ||||||||||||||||||||||
| government Iother charities |
|||||||||||||||||||||||||||||
| 100,313 | 85,444 | 185,757 | 62,798 | 164,776 | 227,574 | ||||||||||||||||||||||||
| Charitable activities: |
|||||||||||||||||||||||||||||
| Rental Income | 63,998 | 63998 | 56,740 | 56,740 | |||||||||||||||||||||||||
| 63,998 | 63,998 | 56,740 | 56.740 | ||||||||||||||||||||||||||
| income from investments | |||||||||||||||||||||||||||||
| Interest income | 96 | 96 | |||||||||||||||||||||||||||
| 96 | |||||||||||||||||||||||||||||
| ANALYSIS OF RECEIPTS OF GOVERNMENT | GRANTS | ||||||||||||||||||||||||||||
| Total | Total | ||||||||||||||||||||||||||||
| Description | 2023 | 2022 | |||||||||||||||||||||||||||
| 6 | |||||||||||||||||||||||||||||
| Central Government | Day Centre Feasibility | grant | 19,000 | ||||||||||||||||||||||||||
| Central Government | Night Shelter | grant | 64,689 | ||||||||||||||||||||||||||
| TOTAL GOVERNMENT | GRANTS | RECEIVED | 19,000 | 64,689 | |||||||||||||||||||||||||
| ANALYSIS OF EXPENDITURE | |||||||||||||||||||||||||||||
| Unrestricted | funds | Restricted | Total | Unrestricted | Reslricled | Total | |||||||||||||||||||||||
| 2023 | income | funds | 2023 | funds 2022 | income | funds | 2022 | ||||||||||||||||||||||
| 2 | 2023 | 6 | 2022f | f | |||||||||||||||||||||||||
| 787 | 787 | 664 | 664 | ||||||||||||||||||||||||||
| Total expenditure on |
raising | funds | |||||||||||||||||||||||||||
| Expenditure on charitable |
activities: | ||||||||||||||||||||||||||||
| Staffing costs | 79,042 | 85,248 | 164,290 | 48,174 | 98,245 | 146,419 | |||||||||||||||||||||||
| Office &administration | costs | 46,363 | 247 | 46,610 | 39,08'i | 1,057 | 40,138 | ||||||||||||||||||||||
| Client accommodation | costs | 38,016 | 50,286 | 88,302 | 51,917 | 50,602 | 102,519 | ||||||||||||||||||||||
| Other client costs | 7,582 | 413 | 7995 | 6,874 | 2,213 | 9,087 | |||||||||||||||||||||||
| Total expenditure on |
charitable | 171,003 | 136,194 | 307,19? | 146,046 | 152,117 | 298,163 | ||||||||||||||||||||||
| activities | |||||||||||||||||||||||||||||
| TOTAL EXPENDITURE | 171790 | 136194 | 987884 | 1467t0 | 1521'17 | 298827 | |||||||||||||||||||||||
| PAID EMPLOYEES | |||||||||||||||||||||||||||||
| Total | Total | ||||||||||||||||||||||||||||
| 2023 | 2022 | ||||||||||||||||||||||||||||
| 6 | 6 | ||||||||||||||||||||||||||||
| Salaries and waaes | 150.815 | 135.024 | |||||||||||||||||||||||||||
| Social security costs | 6,875 | 4,972 | |||||||||||||||||||||||||||
| Pension costs (defined | contribution | scheme) | 2 971 | 2,088 | |||||||||||||||||||||||||
| Total direct staff costs | 160661 | t42084 | |||||||||||||||||||||||||||
| No employees received |
employee | benefits | (excluding | employer | pension | costs) for the | reporting | period ofinors than 660,000. | |||||||||||||||||||||
| The total amount paid |
to | key | management | personnel | {includes | trustees | and | senior management) | for their seivicss to the | charity was 630,900 | |||||||||||||||||||
| (2023:630,900). For | specific | amounts | paid | to | trustees, see Nots 11. | ||||||||||||||||||||||||
| The average weekly | number | ofemployees, | expressed as head count | and | as full time | equivalents, | during the period | was: | |||||||||||||||||||||
| Head count | Full time equivalents | ||||||||||||||||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||||||||
| No. | No. | No. | ivo. | ||||||||||||||||||||||||||
| Charitable activities |
8.0 | 6.4 | 6.4 | 5.5 | |||||||||||||||||||||||||
| N.B. | |||||||||||||||||||||||||||||
| The increase in staff numbers |
reflects | the filling | of | vacancies | and ths full year effect of | a year-round | night shelter. The greater | increase | in full | time | |||||||||||||||||||
| equivalents is due to |
the | engagement | ofcasual | staff | to work | at | the Drop-In | service and | in the office. |
| 2023 | 2022f | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Amount ofcontributions | recognised | in | the SOFA as an | expense | 2,971 | 2,088 | ||||||
| Total employer pension |
contributions | have been allocated between | restricted f25,&79 | (2022;F1,135)and unrestricted | funds based on the salary | |||||||
| allocations ofstaff between | restricted | and unrestricted | funds. | |||||||||
| DEBTORSAND PREPAYMENTS | 2023f | 2022f | ||||||||||
| Gift Aid claimed | 552 | T63 | ||||||||||
| Housing benefit due |
3,247 | 1,681 | ||||||||||
| Client contribution arrears |
102 | 4,418 | ||||||||||
| Less Provision for bad | debts | (3,594) | ||||||||||
| Client loans | 782 | |||||||||||
| Donation on accrued invocie | 120 | |||||||||||
| 4021 | 4050 | |||||||||||
| 9. | CREDITORS AND ACCRUALS | 2023f | 2022f | |||||||||
| Housing Benefit ovsrpaymsnts |
2,797 | |||||||||||
| Trade creditors | 4,211 | 3,242 | ||||||||||
| Deferred income | 19200 | |||||||||||
| 26200 | 3242 | |||||||||||
| 10. | STATEMENT OF FUNDS | |||||||||||
| Brought | Carried | |||||||||||
| forward | Income | Expenditure | Transfers | forward | ||||||||
| 1/9/22f | 2022/23 f |
2022/23 f |
2022I23 f |
31/8/23 f |
||||||||
| ~re tri ~fn 6: |
||||||||||||
| Designated funds: |
||||||||||||
| Housing | Fund | 63,973 | (63,927) | (46) | ||||||||
| Drop In | Fund | 290 | 7,770 | (15,658) | 7,598 | |||||||
| Lloyds Bank Foundation | Fund | 6,700 | (6,700) | |||||||||
| Nationwide-Support | Worker | Fund | 4,279 | (4,038) | (241) | |||||||
| General fund | 45,250 | 92,663 | 88,166 | 43,000 | 0661 | |||||||
| Total unrestricted funds |
56,519 | 164,406 | (171,789) | (42,469) | 6,867 | |||||||
| ~5I' 4 |
||||||||||||
| Night Shelter Fund | 10,421 | 46,953 | (105,184) | 47,810 | ||||||||
| National Lottery Communities |
Fund | 11,237 | 38,491 | (31,010) | (5,341) | 13,377 | ||||||
| Total restricted funds |
21,858 | 85,444 | (136,194) | 42,489 | 13,317 | |||||||
| TOTAL FUNDS | 78,177 | 249,850 | (307,9&3) | 20,044 | ||||||||
| Brought | Carried | |||||||||||
| forward | Income | Expenditure | Transfers | forward | ||||||||
| ~Prior ear |
1/9/21 f. |
2021/22 f |
2021/22 f |
2021/22f | 31/8/22f | |||||||
| go~re tri ~dttnds |
||||||||||||
| Designated funds: |
||||||||||||
| Housing (formerly Premises) |
Fund | 4,815 | 56,739 | (73,174) | 11620 | |||||||
| Drop In | Fund | 6,722 | (6,432) | 290 | ||||||||
| Lloyds Bank Foundation | Fund | 6,700 | 6,100 | |||||||||
| Nationwide-Support | Worker | Fund | 22,476 | (18,197) | 4,279 | |||||||
| General fund | 40,006 | 56,077 | 48,907 | 1,926 | 45250 | |||||||
| Total unrestricted funds |
13,$97 | 119,538 | (146,710) | 9,694 | 58,519 | |||||||
| ~21' d d: |
||||||||||||
| Night Shelter Fund | 129,442 | (119,021) | 10,421 | |||||||||
| National Lottery Communities |
Fund | 18,693 | 35,334 | (33,096) | (9,694) | 11,237 | ||||||
| Total restricted funds |
18,693 | 164,7?6 | (152,117) | (9,694) | 21,658 | |||||||
| TOTAL FUNDS | 92,690 | 284,314 | (298,827) | 78,17T |