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|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|