Charty Registratlon No. 1145774 Company Reglstratlon No. 07872614 (England and Walès) FREEDOM COMMUNITY PROJECT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
FREEDOM COMMUNITY PROJECT LEGAL AND ADMINISTRATIVE INFORMATION Trustsos D Stray Reverend S C CAdair B G Evans Reverend K S Pratt R Mccallam D J Maiden8 D M Hal88 N AHadand Reverend B R Taylor (Appointed 1 August 2022} (Appointed 1 August 20221 (Appointed 1 August 2022) Chalr B G Evans Trea8ur•r D Maidens Secr&tary MJNorth Charity nurnbgr 1145774 Company numbgr 07872614 Rgg18terod Offl¢8 Hillstown Methrxjist chUh Langwith Road Bolsover Ch&stgrfield Derbyshire S44 6LY Accountants Hammond & Co (UK) Limited 36 Chestgrfield Road Mark81 Street Slaveley Darbyshire S43 3UT BankoTs TSB Bank plc Lloyds Bank plc
FREEDOM COMMUNITY PROJECT CONTENTS Page Trustees, report Accountants, report ststement of financial acliMties Balance sh8el Notes to the financial stat8m8nts 9-17
FREEDOM COMMUNITY PROJECT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The Irustses present their report and financial statements for the year ended 31 March 2023. Since Freedom Community Project Iyhe Projecv,) qualifies as small under section 383 of the Companies Act 2006. the strategic report required of modium and larg8 companies undeT the Companies Act 2006 (Stralegi Report and Directorfs Report) Regulations 2013 is not r8qLFired. The Trusleos, Report includes that infomalion as required for a Directors, Report under the Companies Act 2006. CONSTITLrrioN The Project was incorporated on 6th D8comber 2011 and becam9 a registered charity on 6th Fabruary 2012. 11 acquifed the assets and liabilities of a previous organisalion which was operated, under the same name. by 8olsov8r Methodist Church. The Project still maintains close b.os with the thurch. The Proi8¢t is a regislerad charity and a company limited by guarantee. The Project is conslituled under a Memorandum of Association dated 28th November 2011 and has registered charfty number 1145774. Its registered office is Hilitown Methodist Church. Langwth Road Bolsover S44 6LY Objectlves and adivitios The Project provides support on an individual basis to vulnerable people, as well as serving struggling ommunilies within Derbyshire. South Yorkshire. and Nottinghamshire In furtherance of its basic objectiv8'. 'To provide support for all who are vulnerablè and those on Ihe edge of society. To care for all, no matter of background, colour of skin, religion or sexual preference. To show the love of Jesus in action, listening supporting and helping each person. To be a place of welcome for all. where nobody is turned away. To worl( th people in order that they might make a change in their lives. helping themselves out of the situation they are in and movlng Into a bettgr fvjture for them and thgir famlly." The Project aims to provide rellef of poverty wlthin the United Klngdom and the WOTfd as Ihe Trusle6s m8y from time to time think fit. In addition, the Project aims to fulfil such other purposes which are exclusively charitable according to the laws of England & Wales and are connected to its Gharilable work. The trustoes have paid due rggard to guidance Issued by the Charity Commission in deciding what activities the charity should undertake. Achlevèments and rtOrnian¢e In planning the charity's activili&s, the Irustoes have regard to both the Charity Commission's general guidance on PLtblic benefit and the specific objectives of the Project. The Project has had regular income during the year from grants. Income is also ggnerated from donations and fund raising activiti85 which have allowed règular wnning and maintenance costs to be met. Al th8 cor& of our b81ief Is that wilhin every comrnunity. no matter th8 18vel of disadvantagg, ther8 is the solution lo the problemg people face. Our aim is not to tell people what they should do, bul lo support and encotsr8ge them lo id9nlify the solutions, develop the activity and servrce, and then to d&liver it. As an organisalion we have aMed that this works through the acliwties and servi¢es delivered by our volunteers. We began with a weak of community-based activibes in 21x18. 81 which we encouraged people to identify what was needgd lo help them chang9 Ih&ir lives, and al which we challenggd the sam8 people lo help design and deliver the solutions. This is still the way we operate services from fourteen centres.. Bolsover. Carr Vale, Hillstown, Clowne, Renishaw, Shirebrook, South Normanlon and Mansfi81d. Over 80 volunte8rs delver our setvffices.
FREEDOM COMMUNITY PROJECT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The difference we made for the communities we serve Last year we succeeded in: Supporting 190 people struggling with accumulated debts of £4,765,783, a 768% Yoy increase in financial gains - up from £549,334 in FY 21/22 and a 252% increase in the number of people supported. Reclaiming £4,034,247 in benefits1273% Yoy increase, £1,081,600 in FY 211221 for 674 people who were entitled to them1563 people the year prior). Resolving 2,575 separate cases119% Yoy increase, 2168 in FY 21122}. Distributing 4083 food parcels to families and individuals. Supporting 296 individuals with 679 'food shops, through our Food Pantry which launched in September 2022 where people can choose the food they need with dignity. Welcoming 3000 people into our free community cafes for food, friendship. and warmth. Supporting 287 families and individuals experiencing housing crisis {up from 240 in FY 21/221. Supporting 58 people with mental health issues, 31 of which have accessed our free BACP registered counselling service. Supporting 37 homeless individuals over winter to prevent winter deaths caused by rough sleeping in partnership with Derbyshire County Council and 9 District Local Authorities. Running a family fun day which engaged over 2,000 people, promoted local orsanisations and strengthened family and community relationships. Providing weekly reading groups for adults who are have learning disabilities. Supporting 30 disadvantaged local families with Christmas presents for their children. Providing clothing, ener8y. and electrical grants to the most vulnerable people within ourarea.
FREEDOM COMMUNITY PROJECT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Financlal révlew The accumulated fund has increased during the year by £22,152 (2022.. decrease of £44,657). The majorfty of income has been generated through grants and donations. although, wllh the opening of retail outlets. the sale of donated goods, which is handleé by the subsidiary company, Freedom Community Enterprise Ltd, is beginnlng lo make more of a contribullon. Some of the grant and donation income is for the restricted purpose of funding the employment of a full-time project manager and part-time assistants. Capital expenditure during the year related to the purchase of vadous computer and offlce equipment and some improvement works to the offices. The Proj8Ct has generated sufficient in¢x)me during the year to fund continuous activits'es and has been able to meet its maintenance costs and running costs from the income gen8rated. Ros•r¥es Pollcy Thg trustees are aware that tt is good practic8 lo maintain SLrffici8nt reserves lo meet future operating costs in the event of an unexpected fall in income. The increase(J costs over the last couple of years means that the Project has fallen short of ils goal of holding rgseryes equNalent to six months running costs. This is currently being addressed a8 a matter of urgency and additional income earning avenues are being actively explored. Th8 tnjslees CA)nlinue to reve regular d6tsiled financial reports from the treasurer lo ensure that any shortfall 18 idents'fied al an early stage so that any n8cessary remedial action can be tsken. Prlncipal Rlsks and Uncèrtalntl88 The trustees are pleased lo see that many of our original objectives have boen achieved. Going fomard we wlsh to relaSn the volunteer ethos which has underpinned our success. We recognlse that Ihis nèxi year wlll be a difficult one wlth restartlng cafes, fvjn days and events. We know that we will need lo support our volunteers as they start engaging with a posI0Vid world. We recognise that th8 impact of Covid19 will fsave far reaching effeds on our clients and we expect to se8 8 rise In debt, houslng and mental h881th Issues. We also r8cognise that In the short temi we wlll remain dependent on grants and donatlons to malntaln the Project. Our objective is to establish additional ir¢come streams to support the Charity. Golng Concgrn After making appropriate enquiries. the trustees have 8 reasonable expectation that the Project has adequate resources lo continue in operational existence for the foreseeable future. For this reason they continue lo adopt the going concem basis In preparfng the financial ststemenls. Structure, govornanctr and managemnt The ch8rity is a company limited by guararrt99. The trustees, who are also the directOFS for the purpos8 of }mpanY law, 2nd who served during the year and up to the date of signature of Ihe llnancial statements were.. D Stray Reverend S C C Adair G Cutts B G Evans Rev8r8nd K S Pratt Reverend J D Yarrien R Mccallam D J Maidens D M Hales (Resigned 26 June 20221 (Resigned 26 June 20221 (Appointed 1 August 2022)
FREEDOM COMMUNITY PROJECT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 N A14arl8nd Revarend B R Tajdor {Appolnted 1 August 2022) (Appolnted 1 August 2022) Tfustee are sought by skill n¢¢e88ary to support the role oltha bo8rd In oversw of the charfty. As per consl¢tullon the current board Mem select a new trustse and placa thelr name8 kn the AGM for agTegmert The constllullon on the board Is also agreed at the AGM each year. None oftha trugtee8 has any ben81 Int8re8t In tho r/Jmpany. AN of Ihe trustge$ arn mombors cltho company and guar8nte6 to contribute £1 In th8 ovent of a wlndrng up. The truste88. as dlreckns of th8 charftabh (x)mpany, have boon grantsd a qu8llfyFng thtrd paty IndémnNy provl$lon under Section 234 of the Companies Aet 2006. Thls does not provkle cover In the event of a dlrector being proved to have actod frauduiently or dlshonestly. Th& ttU8taO8' Port was approv8d by the of Tru8te8S. Trustèe
FREEDOM COMMUNITY PROJECT STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2023 The Iruslees, who are also the directors of Freedom Community Project for the purwse of company law, arg responsiblo for proparing tho Trusleos, Report and the financial statements in accordance with applicable law and Unit8d Kingdorn Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Iwstees lo prepare financial ststements for each financial year which glve a true and fair view of the state of affairs of the charity and of the incoming resources and application of r8sources. includlng the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consislentty.. - observe the methods and pAnciples in the Charities SORP., - make judgernents and estimates that are reasonable and prudent,. and prepare the finanoal statements on the going concern bBSiS unless li is Inappropriate to presume that the charity wlll conlirtue In operallon. The trustees are responsible for keeping ad8quale accounkn'ng records that disdose wilh reasonable accuraw at any lirne the financial position of the charity and enable them to ensure that the financial stalem8nts cKJmply with the Companies Ad 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable 5tsps for the prevention and detection of fraud ané other irregularities. INDEPENDENT EXAMINER A resolution lo reappoint H K Freeman as the independent examiner wll be proposed at the annual general meeting.
FREEDOM COMMUNITY PROJECT CERTIFIEDACCOUNTANTS. REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FREEDOM COMMUNITY PROJECT FOR THE YEAR ENDED 31 MARCH 2023 We have PPared for your approval the accounts of Freedom Community Project for the period from 01 April 2022 to 31 March 2023 from the company's accounting record8 and from information and explanations you have given us. This report is made solely lo the Board of Trustees of Freedom Community Project. as a body, in accordan with the terms of our engagement. Our work has been undertaken solely to prepare for your approval tho accounts of Freedom Community Project and stale those matters that we have agreed to state lo tham, as a body. in this report. To Iha fullest &xtent p8rmitted by law. we do nol accept or a8sumg responsibility to anyone other than Freedom Community Project and ils Board of Trustees as a body for our work or for this report. It Is your duty to ensure that Freedom Community Project has kept adequate accounting recor(Is and lo prepare slalulory financial stalem8nts that give a true and fair vigw of the assets, liabilities, financial position and surplus of Freedom Communily Project. You oL)nsider Ihal Freedom Community Projed Ss exempl from the statutory audit requirement for the year, and 15 not required lo obtsin an ind8p8ndenl examiner's report. We have not been instructed to cary out an audit or 8 review of the financial statements of Freedom Community Project. For this reason, we have not v8rified the accuracy or completeness of the accounting records or Infomation and explanations you have given to us and wè do not. therefore, express any opinion on the statutory flnancial stslements. Hammond & Co IUKI Llmited Cèrtiflad Accountants 36 Chesteffjeld Road Mart(et Street Staveley Derbyshlre S43 3UT
FREEDOM COMMUNITY PROJECT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unr•strlctsd Regtrlctsd funds funds 2023 2023 Totsl Unrestricted Restricted funds frjnds 2022 2022 Total 2023 Notes 2022 Donations and legacie5 Charitable activities Other trading activiiies Investments 36,258 33,510 3.998 341.213 377,471 33,510 3,998 27,959 41.540 154,971 182,930 41.540 26 26 Totsl in¢om• 73,766 341,213 414.979 69,525 154,971 224,496 Charitsble activitie5 79.549 313,278 392,827 102,134 167,019 269,153 Net loutgolng)1 Incomlng resource6 before transfers {5.7831 27,935 22.152 (32.6091 112.048} (44.6571 Gross transfers beiween funds (9.785) 9,785 Net (expenditure)llncome for the yfjarl Net movement In funds 115,568) 37.720 22,152 132,609) 112,048) {44,6571 Fund balances at 1 April 2022 74,587 22.787 97,374 107,196 34,836 142,032 Fund balanc05 al 31 March 2023 59.019 60,507 119.526 74.587 22.788 97.375 The statement of financial activtbes indud8s all gains and 108sgs reeognised in the year. All income and expendllure d6rlve from continuing ath'vilies. The 81atement of financial activlties also complies wth the r8quir8ments for an income and expenditure account under the Companies Act 2006.
FREEDOM COMMUNITY PROJECT BALANCE SHEET ASAT31 MARCH 2023 2022 Flx•d au•ts Tangiblo awts 10 10.522 12.665 Curr•nt a8s•ts Debtors Cash at bank and in hand 11 37.368 125,782 9,567 80.259 Cr•dltor•: •mount• falllng du• Tthln on• y••r 163.150 89.826 12 (54,1461 {&116) Net ojrrnnt a8Bets 109.004 84,710 Totsl ais•ts l•M K1•nI lbIlItI•* 119.526 97.375 In¢om• fvnd• Rèstricted fvnds Unrestrlcted funds 60,507 59,019 22,788 74.587 119,528 97.375 Thg company Is entitl8d to the examption from the audit requlrem8nt contained in 88Ctlon 477 of the Conyiles Act 2006. for the year end 31 March 2023, The dlre¢tOTS acknowledge thelr responslbllllles for complylng wlth the r8qulremants of the Companles A¢t 2(K)6 vlth resp8¢tto accounting rècords and the preparallon of finan¢l816talemants. Thg membtrrs havo not required th6 Gompany to obtsln an alIt of It8 financlal 8tat•monts for the year in que8tlon In accordance wlth secuon 476. Th888 flnanclal statam8nts have been preparod In accordarts wlth tho provhlons appJFcablg to Wnies subject to the small companies reglme. Ttk8 flnand81 slataments vwo approvÈd by lh• Tru8t8os on. I041.£.3... C¢>mpany ft•gl•tr•tlon 078n114
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢countlng pollclos Charlty infomiatioTr Fregdom Cofflmunity Project 1$ a private company limited by guarantee incorporated in England and Wales. The registered office is Hillstown Methodist Church, Langwith Road, Bolsover, Cheslorfleld, Derbyshire. S44 6LY. 1.1 Accountlng convèntlon The financial statements have been prepared in aecordance with the charitls tgoveming documentl, the Companies Act 2006 and 'Accounting and Reporbng by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Fin8ncial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102} (effective 1 January 2019)" The charity is a Publio Benoffl Entity as defined by FRS 102. The charity has tsken advantage of the provisions in the SORP for charilies applying FRS 102 Updats Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterting. which is the functional currency of the charity. Monetary amounts in those financial ststements are rounded to the nearest £. The financial statements have been prepared under the hlstorteal cost convention. modified to include the revaluation of freehold properties and lo include investment properties and certain financial instruments al fair value. The principal accounting policies adopted are set out below. 1.2 Going concern At the Ilme of approvlng the flnancial statements, the twstees have a reasonable expeetation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the tNslees contlnu8 lo adopt the golng concem basls of accounting In prepadng the financlal slalemenls. 1.3 Charltablo funds Unrestricted funds are available for use at the discretion of the Irustegs in furth8r8nce of their charitable objectives. Restricted funds are subject lo sp8cifi'c conditions by donors 88 to how they may be used. The purposes and of the restrlcted fund5 8re sei oui In the notss to the financial statements. Endowment funds are Subject lo spectrfic condiknons by donors that the capital must be malnlained by the Charity. 1.4 Income Income is recognised when the charity is legalty entitled lo it after any performance condition¥ have b88n mel, the amounts can be measured reliably. and il is probable that incorne will be received. Cash donatlons are recognised on recelpL Other donallons are recognlsed once the charity has been notified of the donatton, unless performaft condttions require deferral of the amount. Income lax recoverable In relation to donations receNed under Gfft A(d or deeds of covenant Is rerA)gnlsed 21 the Ume of the donation. Legacies are recognised on receipt or otherwse if the charity has been notified of an impending distribution, the amount is known, and receipt is expgctsd. If thg amount is not known. the legacy is tr8ale¢J as a conlingenl asset.
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 A¢countlng pollGles (Contlnued) 1.5 Expendlture Costs of generatillg funds are costs incurred in attracting voluntary incom8, and those inwrr8d in tr8ding activities that raise funds. Charitable activities and Gov8m8nc& 1$ are costs incurred on the Projecvs operations. including support costs and costs relating to the governance of the Project apportloned to charitsble aclivitle5. All expenditure Is aGcountgd for on the accruals basis and is 8llocatg¢Y to tha ftjnd to which the expenses relate. Support costs are allocated betseen thg funds pro r8ta to gross income. 1.6 Tanglblg flxed assets Tangible fixed assets are initially measured at cost and subsequenty measured at cost or valuation, nel of depreciab'on and any impaim)ent losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual valu88 over th8ir useful lives on the following bases.. Leasehoid property improvements Event equipment Computers and office 8quipmenl 10% straight line 20'k straight line 20.kn straight line The gain or loss arising on the disposal of an asset is determined as the difference behf4een the sale prOedS and tho carrying value of the 8S5el, and is recognised in net incomel{expenditurel for the year. 1.7 Impainnont of fixed assots Al each reporbng end date, the charity viewS the carrylng amounts of its tangible a858ts to derMIne whether there Is any indication that those assets have suffered an impairmgnl Ios5. If any such Sndicatlon exists, the recoverable amount of the asset is estimated in order to d8leimin8 the extent of the impaiment loss (if any). 1.8 Cash and eash equivalents Cash and cash equivalents indude cash in hand, deposits held at csll with banks. othgr 6hort-term liquld investments with original maturitses of three months or less, and bank overdrdfts. Bank ov8r(Jrafts 8re shown within borrowings in current liabilities. 1.9 Flnanclal instrumgnts Financial instruments are reojgnlsed in the ¢*arity's balancg sheet when the charity b8me5 party to the contractual provisions of the inslnjment. Financial assets and liabl1'eS are offset. with the net amounts presented in the financial statements when there is a legally enforceable righl to sel off the recognised amounts and thore Is an intention to settle on 8 net basis or lo rgalise the asset and settle the liability simultaneously. Bas1¢ financial ass&ts 88sic finan(xal assets, whith include deblors and cash and bank balances, are inlllally measured al transaction price including transaction costs and are subsequently cartied at amortlsed cost using the effective interest method unless the arrangement constitutes a financing transaction. wher& the transaction IS rn68sured al the present valu8 of th8 future feceip15 discounted al a m8rkel rale of interest. Financial assets classified as rec8tvable within one year are not amortised. 10-
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollclès (Contlnuedl Basic flnanclal liabilitles Basic financial liabilities. induding credttors and bank loans are initially recognised 8t transaction prfce unless the arrang&menl constittjtes a financing transaction, wh8r8 the debt instrument is measured at the pr8sent value of the future payments dlscounled at a market rale of interesL Financial liabilities classrfied as payable Within one year are not arnortised. Debt instruments are sub8equenUy carried at amorti8ed Gosl, u81ng th8 affective int6resl rat6 thod. Tradg credllors ar8 obligations to pay for goods or services that have begn acquired in th8 ordinary Gourse of operations from suppliers. Amounts payable are classthed as cuffenl liabili11gs if paym8nl is dug within one y8ar or less. It not, they ar8 presented as nonrycurr8nl liabilities. Trade cr8dilors are recognised initially at tronsaclion price and sub8equenUy measured al amortised cost using the effective interest method. Dorecognltlon of flnanclal Ilabllltlos Financial liabilili8s are derecogni58d when tho charitys contractual obligations expir8 or are discharged or cancelled. 1.10 Taxatlon The Project is nSIdered lo pass the tests set out In Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it me8ts the definition of a charitable company for UK corporation tax purposes. Accordingly. the Pmject is potenlialty exernpl from taxation in respect of income or capitsl gains received within categories covered by Chapter 3 Part 11 of the Corpordlion Tax Act 2010 or Section 256 of Ihe Taxation of Chafgeable Gains Act 1992, to the extent that such income or gains are apled exdusively to charitable purposes. 1.11 Ernploy8e benefits Tem)ination benefits are recognised immediately as an expense when the tharity is demonstrably commrtted to terrninale the employment of an employee or lo provide termination benefits. 1.12 Retirement bèneflts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.13 Leases R•ntal¥ payablc under operatlng leases. Inciuulng any lease Incentives r1ved, are charg8d as an expense on a str8ight line basis over the term of the relevant lease. Crltlcal aocounllng estlmates and Judgements In the application of the charity's accounting policies, the trust8&8 are requirgd to make judgements, estimates and assumptions 2boLrt the carying amount of assets and liabilities that are not readily apparent from other sourc8s. The estimates and associated assumptions are bas8d on hi*orical experien and other factors that are considered lo be relevant. Actual results may (Jiffer from these estimates. The eslimales and underfying a8SUfTlPtions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised wher8 the revision affects only that period. or in the period of the revision and fLrture periods where the revision affects both cutTenl and future p8TicxJs. 11
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Donations and legacles Unrostrlcted Restricted funds fvnds Totsl UnrestTKted Restricted funds fu18 Total 2023 2023 2023 2022 2022 2022 Donations and gifts Grants 36,258 36.258 341,213 26.978 11,957 143,014 38,935 143,995 341.213 36.258 341,213 377.471 27.959 154,971 182,930 UF Grant income Shoffield Methodlst District Old Bolsover Town Council Natlonal Lottery Grant Duke of Devonshire Grant Coalfièlds Rogeneralion Foundation Derbyshire Souter Advice Amazon Apprenticeship Arnold Clark DCC Derby City Mission OCC - Bolsover Derbyshlre Voluntary Action Group Edward Gostling Groundwork UK IFAN Klckstart Local Giving Masonic Lodge MSE Old Bolsover Town Councll - Reading ROLO Community Fund Sheffield City CoLJncil Talbol Trust Warburtons Western Distribub'on Garfteld Weston Aviva Peoples Health Trust Julia and Hans Rausing 987 981 13,750 13,750 1.500 9.670 1,500 9,670 70.915 70,915 6,264 2.000 6,264 2,000 7,653 7,653 3.0(J) 25.487 3.000 25.487 1,000 2,000 2.000 1,000 f.996 69.564 2,000 1,000 2,000 2,000 1,000 1,996 69,564 2,000 1,50D 5,000 1,000 100 3,582 500 500 663 1.500 5,000 1.000 100 3,582 500 500 663 2,000 2.000 300 479 3.857 3,000 400 10,000 300 479 3.857 3.000 400 10,000 9,898 25.000 17,372 13,905 12.811 9,898 25,000 17,372 13,905 12,811 12-
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Donatlons and legaclos Icontlnued) Rural Action Derbyshire b9rt Hunt Derbyshire Community Foundation Morrison5 M&H Laing Trust 29th May 1961 Charitable Trust Feeding Derbyshire National Grid Harry Bottom Tnjst Derbyshire County Council Eon Bolsover Distrlct Councll Winter Provision 8,265 7,000 8,265 7.000 6.000 5,207 5.000 6,000 5,207 5.000 4.000 3.351 2,667 2,500 4,000 3,351 2,667 2,500 2.000 950 415 105.206 2,Oc) 950 415 105,206 341.213 341,213 143.014 143.995 Charltable activltlwd UnrestrletedUnr•strlcted Funds Funds 2023 2022 Contracts for virtual centres 33,510 41,540 other tradlng activltl•s Unrestricted funds Total 2023 2022 Non-charilable trading activities Fundraising events 2.000 1.998 Other trading activities 3,998 13-
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Investments Total Unrestricted funds 2023 2022 Income from unlisted investments 26 Charltable actlvitlgs Unrestrlcted RestrlctÈd Funds Funds 2023 2023 TotalUnr8strlcted Restricted 2023 Funds Funds 2022 2022 Total 2022 Staff costs Depreciation and impaimient Training Freedom events Membership fees Money management and dobt support Cafe supplias Travelling expenses Coach, van and skip hire Office repairs. stationery and equipment Insurance Other exp8ris8S Marketing and advertising Internet Subcontractor costs Rent 37.957 214,656 252,613 84,857 136,168 221,025 2,143 5,873 28 471 2.143 15,426 4.207 612 265 41 2,035 1.160 2,300 1,201 9.553 4.179 141 561 154 715 230 37 670 100 4,699 4.929 101 2.736 11YJ 3,591 1,482 5,073 2,066 396 110 3,407 933 3,803 1,043 1,010 429 6.536 231 2,165 15.589 6,080 4,457 2,563 50.677 3.267 3.604 8,065 5,287 5,467 2.992 57.213 3,498 5,769 23.654 11.367 1,653 58 2,036 669 647 4,750 2,500 4.545 2,320 9,374 1,102 3,339 2.000 5.000 6,198 2,378 5,410 1.771 3,986 6,750 7,500 79.549 313,278 392,827 102,134 167.019 289,153 79,549 313,278 392.827 102,134 167.019 269,153 Analysls by fund Unrestricted funds Restricted funds 79,549 79,549 313,278 102,134 102.134 167.019 313.278 167.079 79.549 313,278 392,827 102,134 167,019 269,153 14-
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Trusts•s None of the trustses lor any persons connected wlh them) received any remuneration 01 beneffts from tl7e charity during thè yoar. Employees The avorage monthly number of employees during tho year was.. 2023 Number 2022 Number 15 15 Employment costs 2023 2022 Wages and salaries Social security wsls Other pension costs 240,934 9,359 2,320 209.418 8.667 2,940 252,613 221,025 10 Tangib flxed assèts Leasehold property Improvomonts Ewnt Comput•rs equlpmAnt and offlce •4ulpment Cost At 1 April 2022 16,400 3.368 11,691 31.459 At 31 March 2023 16,400 11.691 31,459 Depreclatlon and Impalment At 1 April 2022 Depreciation charged In the year 4,835 1,640 3.368 10,591 503 18,794 2.143 At 31 March 2023 6.475 3,368 11.094 20,937 Carrylng amount At 31 March 2023 9,925 597 10,522 At 31 March 2022 11,565 1,100 12.665 All of the above fixgd assets are used in fvrtherance of the ProiecY5 charftsble activities. 15-
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Debtors Amounts falllng due wlthin one year: 2023 2022 Trade debtors Amounts owed by subsidiary undertakings Prepayments and a¢¢rued income 29,115 8,110 143 5,977 3.590 37,368 9.567 12 Credltors: amounts falllng due within one yoar 2023 2022 Othèr laxalion and social Urity Trade creclitors Olh8r creditors Accruals and deferrgd income 2,894 2.289 1671 42.057 167 11,922 54,146 5,116 13 Analysls of net assets be1ven funds Unrestricted Restricted funds funds 2023 2023 Totsl Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Fund balances at 31 March 2Q23 are reprosented by.. Tangible assets Current 10,522 10.522 302 12.363 12,665 48,497 60.507 109.004 74.285 10.425 84,710 59.019 60,507 119.526 74,587 22.788 97,375 14 Operatlng leaso commitments At the reporting elld dale the charity had oulslanding commitments for future minlmum lease payments un¢Yer non-cancellable operating leases. which fall du& 85 follows.. 2023 2022 16-
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 15 Rèlated party transactlons Transactions with related partles Included in debtors is a loan lo the subsidiary company. Enable Social EnteTPri8e Ltd {'ESE"}. on which the Iransadions during Ihe year were as follows.. 2023 2022 Balance at 1 Apnl Donation from ESEIExpenses of ESE settled by the Project 5,977 2,133 5.977 8,110 5,977 16 Subsldlaries Details of the chaiitys subsidi8rfes at 31 March 2023 are as follows.. Nam8 of undertaklng Roglstsrod Nature of buslness Hèld office Diroct Enable Sooal Entsrprise Ltij Hillslown Retail sale via 100.00 Melhodrst stslls and Church. markets of Langwith Road. textile8. Bolsover, clothing, Chesterfield, footwear and S44 6LY mail order houses or via Intemet The aggregate capltal and reserves and the result for the year of subsidlaAes exclud8d from consolidatton was as follows.. Name of undertaklng ProfiUILoss) Capltal and Reserves Enable Social Enterprise Ltd 1471 (15.8191 The Project is rA)nsidered to be the parent company of Enable Soaal Enterprise Ltd on the grounds that it is under common control and ils operating policies are designed to benefit the Project. The subsidiary passes all of its available profits on to the Project. 17-