Charity Roglstration No. 1145774 Company Ragl$trnllon No. 07872614 (England and Wales) FREEDOM COMMUNITY PROJECT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FREEDOM COMMUNITY PROJECT LEGALAND ADMINISTRATIVE INFORMATION Truslee6 D Stray Reverend S C C Adair B G Evans R Mccaltam D M Hales N A Harfand Reverend B R Taylor M Rowlgy (Appointed 23 November 20231 Chair R8veren(J S Adair Treasurer N Harfand Secrntary MJNorth Charlty number 1145774 Company numbor 07872614 Rggistered offl¢e Hlllstown Melhodist Church Langwith Road Bolsover cheSterf1d Derbyshire S44 6LY Accountsnts Hammond & Co IUKI Limfted 36 Chestsrfigld Road M8rko1 Slr8el Slaveley Derbyshire 3UT 8ankors TSB Bank plc Lloyds Bank plc
FREEDOM COMMUNITY PROJECT CONTENTS Pag• Trustees, POrt Aecountsnls. raport Ststement of )Inancial activities Balance sheet Nolas to the financial slalements 9-18
FREEDOM COMMUNITY PROJECT TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The InJ$loes present their report and financial staternents forlhe ye8r ended 31 March 2024. Since Freedom Communty Project {"Ihe Project") qualtfies as small under section 383 of the Companias Act 2006, the strategic report required of m8dium and large companies under the Compani8s Acl 2006 (Strategic Report and Directors Report) Regulations 2013 is not wuired. The Trustees, Report includes that infomiats'on as required for a Dlrectors, Report under the Companigs Acl 2006. CONSTITUTION The Project was incorporated on 6th December 2011 and became a registered charity on 6th February 2012. It ar4uired the assets and liabilits'es of a pr8vious organisation which was operated, under th8 same name, by Bolsover Methodist Church. The Project still maintains close ties with the thurch. The Project is a registered charity and a company lirnited by guarantee. The Project 15 fAxislltuted under a Memorandum of Associatlon dated 28th November 2011 and has a registered charity numb81 1145774.lts wist8red office is Hilltown Methodist Church. Langwith Road Bolsover S44 6LY Oblèctlvej and actlvitiè$ Th8 Prcsject provide8 SUPF)Ort on an individual basis to vulnerable people, 88 well as serving struggling communities within Derbyshire, South York8hire, arsd Nottinghamshire in furtheranc of ba$1¢ objective.. o provide support for all who are vulnerable and those on the edge of society. To car8 for all. no matter of background, Golour of skin, religion or sexual preference. To show the love of Jesu5 in action, listening. supporting and helping each person. To be a place of welcome for all. where nobody is lumed away. To work with peokle In order that they might make a change in Ihelr Ie$. helplng themselves out of the sltualion they arb in and moving into a betteT fijture for them and their family." The Project aims to provide rellef of poverty within the Uniled Kingdom and the wodd as Ihe Trustees may from time to time think fil. In addltion, the Project aims to fu11 such other PUfPOS8S which are exdusively charilae according to the laws of England & Wales and are conn9Cted lo Its charltable work. The Irustaes have paid due regard to guidance issued by the Charity Commission in deciding what activitTres the charity should tsndertake. Achlevomants and perfomian¢e In planning the charitvs activities, the trustees have regard to both the Charity Commission's general guldance on public benefft and the specmlc objectives of the Proleet. The Project has had regular income during the year from grants. Income is also generated from donations and fund raising activits'es which have allowed regular running and maintenance costs lo be meL At the core of our bellÈf is that within every community. Tro matter the level of disadvantag8, there is the solution to the problems people fa. Our aim is not to tell people what they should do, bul lo support and encourage them to Identrfy the solutlons, develop the aetiwty and service, and then to deliver It. As an organisatpon we havelgarned that this works through the activityes and s8rvice5 d81ivered by our volunteer8. We began with a week of community-based activllle8 in 2008, at which we encouraged people to identify what was needed lo help them change their lives, and at which we challenged the sam8 people to h&lp design and deliver the solution8. This is still the way wo OP8rat8 servic8s from fourtéen centres: Bolsover, Carr Val8. Hillstown, Clowne, Renishaw. Shirebrook, South Nomianlon and Mansfield.
FREEDOM COMMUNITY PROJECT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Our 8chigvements werg.. Resofving 2830 separate cases laxcluding food parcels). DIstribung 3053 food parcels. Supporting 176 people struggling with accumulated debts of £2,098,088.72. Reclaiming £4,244,798.05 on benefits for 1165 p80ple who were enl¢Ued lo them. W8lcoming 3677 people into our free ccqnmunity cafes for food, frllowship and warmth, of which 415 were welcomed for first tlme. Supporting 2747 individuals through our Stepplng Stones Food Panty. Supporting 291 families and individuals experiencing housiro crfsis. Supporting 64 people wtth mentsl health Issues, 20 of which have accessed our fr88 BACP regislBred c£Junselling service. Running a family fun day which engaggd over 1500 {8stimate} people, promollng local organisations, and 9trgnglhening family and community relationships. NOTE". We usually have 2500 attend thls event, however we had a stomi that cancelled many lo(l events, we d8cided lo run our event as nom781 but had to downsizo our sf(e as the event was mainly outdoors. Providing weekly reading groups for 7 adults who are illiterata or have leaming disabiliti8S. Supporbng disadvantaged local families with Christmas presents for their children. Providing clothing and other household goods to the most vulnerable people within our area. Totsl number of volunteers.. 72 {active weekly).. further 44 ad hoc, projects and events. Total Volunteer hours glven: 3172 PIANS FOR FUTURE PERIODS The trustees a pl8ased to see that many of our original objectives have been ad)ieved. Going forward we wish to ret8in the volunte8r &thoÉ which hag und•rpinnod our Su9•. W• 1•• recogni thot in tho ahort term we will remain depandent on grants and donab.ons to mairrtain tho Project. Our objective is to eslabllsh additK)nal income streams lo support lh8 Charity. Flnanclal revlew The accumulated fund has incre888d during the year by £12,72212023- increase of £22.152). The majorrty of Income has been generated through grants and donations, although, with the opening of retail outlets, the sale of donated goods, which is handled by the subsldlary eompany. Freedom Community Enterprise Ltd, Is beginning to make more of a contribution. Some of the grant and donats'on income is for the restricted purpose of fvnding the employment of a full-lime project manager and part-lime assistants. Capital expenditure during the year rèlated to the wrchase of various comput6r and office equipment and some improvement works to the offlcw. The Project has generated sufficlent income durlng the year to ffijnd continuous activities and ha$ b88n abFe to meet its maintenance costs and runnlng $ts from the income g8nerated.
FREEDOM COMMUNITY PROJECT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Reserves Poll¢y The trustees are aware that rt is good practice to maintain sufficient reseNes trj meet future operating costs in th& event of an unexpected fall in Income. The Increased costs over the last couple of years means that the Project has fall&n Short of ils goal of holding reserves equiva18nl to Six months running costs. This is currently being addressed as a matter of urgency and additional income eaming avenues ara belng actively explored. The trustees continue to receive regular detsiled financial reports from thg treasurer to onsure that any shortfall is idgntified at an early stsg6 so that any necessary remedial action can be tsken. Princlpal Risks and Uncertaintles The trustees are pleased to see that many of our original objectives have been 8chieved. Going fcw8rd we wlsh to retsln the volunteer ethos which has underpSnned our success. We also recognise that in the short tem we will remain dependent on grants and donations to maintaln the ProjecL Our objective is lo establish 8dditional income streams lo support the Charity. Goin9 Concom After making appropriate enquiries, the tnJstees hav8 a t8asonablg expeclallon that the Project ha5 ade(wat8 sources to continue in operational existenc& for the foreseeable future. For this reason they continue to adcpt the golng concem basls in preparfng the financial statements. Rglatlon8hlps To Other Organlsatlons The Project works closely with, and receiv8$ assistance from, the M6thodist thurch In the IDC818re8. Freedom also has strong relationships with Beacon Mansfield. Free¢Jom has a strong working relationship wtth local govemment at every level. Structur•¥ governance and managamont The charty is a company limited by guarante9. The twstees, who are also the directors for the purpose of company law. and who served during the year ar up to the date of signature of the financial statements were.. D Stray Reverend S C C Adair B G Evans ReverenJ K S Pratt R Mccallam D J Maidens D M Hales N A Hadand Reverend B R Taylor M Rowley (Regned 6 DeGemb8r 20231 {Resigned 8 December 20231 (Appointed 23 November 2023) TNste& are sought by skill necessary to support th& role of the board In oversight of the charity. As per constilution the current board memb8rs selgct 3 n8w twstee and place their names to the AGM for agreement. The constitution on the l)oard is also agreed at the AGM each year. None of the trusteeg has any beneficial interest in th8 MpanY. All of the trustees are members of the company and guararrtee to conthbute £1 in the event of a winding up. The trLL%tees, as directors of the charitable company. have been grarrted a qualifyiThJ third pariy indemnity prowsion under section 234 of the Companies Act 2006. This does not provide cover in the event of a dlrector being proved to have acted fraudulentiy or dishonesdy.
FREEDOM COMMUNITY PROJECT TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees, report was approved by the Board of Tntslees. Reverend S C C Adair Trustee Dated.. N A Harfand Trustee Dated".
FREEDOM COMMUNITY PROJECT STATEMENT OF TRUSTEES. RESPONSIBILrriES FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees, who are also the dlrectors of Freedom Community Project for the purpose of company law, are responsible for preparsng the Trustees. Report 8nd the ffnanclal statements in accordan with applicable law and Unlted Kingdom Accountsng Standards (United Klngdom GeneIlYACptsd AcLounting PtiCe>. Company Law rftquires thg trustee8 to prepare flnandal statements aach financial year sthich giv& a true and fair vlew of the stsle of affairs of th8 charlty and of the ineoming resour$ and application of resources, induding the income and expenditure. of the charitable Gompany for that year. In preparing these financial statements, the Iruslee5 are required to.. - select sultable ac(tunting pollcie5 and then appty them conglstgntly., - obgerve the methods and prin(xples in the Charities SORP. - make judgements and estimates that 8re reasonable and prudgnt", and prepare the nanual statemants on the going concem b8si$ unless il is inappropriate to presume that the charlty 11 contlnue In operation. The trustees are resp)nsible for keeplng adequate accounting records that disclose with reasonable accuracy at any time the financial position of the tharity and enable them to ensure that the financial statements comply with the Companles Act 2006. They are also respongible for safeguarding the assets of the charity and hence for taking reasonabl8 Steps for the prevention and detection of fraud and other IeglantI8S. IhlDEPENDENT EXAMINER A resolLrtion to reappclnt H K Freeman as the independent examiner will be proposed at the annual general meettftg.
FREEDOM COMMUNITY PROJECT CERTIFIED ACCOUNTANTS. REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FREEDOM COMMUNITY PROJECT FOR THEYEAR ENDED 31 MARCH 2024 We have pr8pared for your approval the accounts of Fregdom Community Prolod for the pericKI from 01 April 2023 to 31 March 2024 from the coMpanS acC(ntIng records and from infomiation and explanations you have given us. This report is made solely tr) the B08rd of Trnstees of Freedom Community Projecl, as a body, in accordanGe with the lemis of our engagement. Our woth has been undertaken solely to prepare for your approval the accounts of Fr8edom Community Project and stale thos8 mattars that we have agreed to stale to them, as body, in this report. To the fullest 8Xtent permitted by law. we do not acPt or assume responsibilty to anyce other than Freedom Community Projecl and its Board of Trustees as a body for our work or for this report. It Is your duty to ensure that Freedom Gommunity Project has kept adequate accounting records and lo prepare ststutory financial ststements that give a tru& and fair view of thg assets, liabilities, financial position and surplus of Freedom Cornmunity Project. You eonsider that Freedom Communty Project is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report. W6 have not been instnjcted to Cary out an audit or a revlew of the financial statsments of Freedom Communlty Proj8Ct. For this reason, w8 have not veriffed the accuracy or completeness of the accounllng records or information and 8xplanations you have given to us and we do not. thereforg. expross any opinion on the stattjtrjry financial ststements. Hammond & Co (UK) L?mlted Certified Ac¢ountants 36 Chesterfield Road Mark8t streel Staveley Derbyshire S43 3UT
FREEDOM COMMUNITY PROJECT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unreslrfcted Restrlcted nds nds 2024 2024 Totsl Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Donaltons and aCles Charitable actNilies Oth8r trading activities 30.067 41,276 15,609 293,017 323.084 41.276 15.809 36.258 33,510 3,998 341,213 377,471 33,510 3.998 T¢)tsl Incomo 86,952 293,017 379.9 n.766 341,213 414,979 Charitable activities 114,491 252.756 367,247 79,549 313.278 392,827 Gross transfers bgtween funds Net lexpendhureylncom• for the yearl movement in funds 19.785) 9,785 127,5391 40.261 12.722 (15.5681 37.720 22.152 Fund balances at 1 April 2023 59,019 60,508 119,527 74,587 22,787 97,374 Fund balancgs at 31 March 2024 31.480 100,769 132.249 59.019 80.507 119.526 The statement of finanal actiwties includes all gains and losses reGognised in the year. Al inwme and expenditure derive from continuing actlvlles. The ststement of financial activities also cx)mplies with the requirements for an income and expenditure account under the Companies Act 2006.
FREEDOM COMMUNITY PROJECT BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Notes Fixed ass8ts Tangible assets 39,663 10,522 C4Trrent assots Debtors Cash at bank and in hand 10 13,432 126.946 37,368 125,782 140,378 163.150 Creditors: amounts falling due within one year 12 (9,7921 154,1461 Net curn1 assets 130,586 109.004 Totsl aTts less currnnt Ilabilitios 170,249 119.526 Cr8d•to¥s: amounts falllng due aftor more than one year 13 (38,0001 Net assets 132,249 119,526 Income funds Restricted funds Unrestricted fvnds 100,769 31,480 60,507 59,019 132,249 119.526 The ryJmpEny 13 erhyt tQ the exerrtwlon from the auttlt requlrernent containea In geon 477 of the Companles Act 20C6, for the y::ar ended 31 March 2024. Th& dirertOTS acknowledge their resPonbilltieS for comptying wllh the requirements of the Compani¢$ Aca 2006 vlth respect to accounting records and the preparation of financial stalem8nts. The members have not requlred th6 company to obtsin an audit of its lThnanrAal statements for the year In question In accordance with strction 476. These financial slalements hava been prepared in accordance wrth the provs$i¢)ns applicable lo companles subject to the small companies regime. The financial $lalements wera approved by Ihe Trustees on ....... Reverend S C C Adair Trustge N A Harland Tru8ts9 Company Regltstratlon No. 07872614
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Charlty Infornialion Freedom CornmunÉty Project is a privalg company limited by guarant99 incorporated in England and Wales. The registered office Hillstown Meth¢)list Church, Langwith Road, Bolsover. Chesterfield, Derbyshire. S44 6LY. 1.1 A¢counllng conventlon The financlal statements have been prepared in accordance wlth the charfty's tgovernlng documenti, the Companies Act 2006 and 'Accounting and Reporknng by Charitigs: Ststemert of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable In th8 UK and Republic of Ireland (FRS 102) (effective 1 January 20191.. The charity is a Public Ben9fit Entity as deflned by FRS 102. The charity ha8 taken advantage of the provlslons in the SORP for ¢hanties applylng FRS 102 Update Bullolin 1 not to prepare a Statement of Cash FkJws. The ffnancial staternenls are prepared in sterfing, which is the functional currency of the charity. Monetary amounts in these flnancial statemgnls are rounded lo the nearest £. The finaTral st8temenls have been prepared unfjer the historic21 cost convention, modified to inclLKle the revaluation of freehold propertles and to include investment properties and rtaIn financial instruments at fair value. The ncIpal accounting policies adopted are set out b@low. 12 Going concem At the tlme of approng the financlal statoments, the trustees have a reasonable expectslion that the charity has adequate resources to continue ill operational existenco for the foreseeable fiJture. Thus the IrLtstees continue to adopt the going concem basis of ac¢ounting in preparing the financial statements. 1.3 Charitablg fvnds Unrestricted funds are available for use at th8 dlscretion of the trustees in furtherance of their charFlable oblecllves. Restricted funds are subjèct to specific condrtion8 by donors as to how th8y may usèd. The nurposes and uses of the restricted fvnds are set out in the notes to the financial statements. Endowment funds are subject to specific c£)nditions by donors that the capital must be maintained by the charity. 1A Incomo Inme18 recognised when the chartfy is legally entitied lo it after any parformance conditions have been mel. the amounts can be measured rellably, and It Is probable that Income will b& receiv. Cash donations are recAignised on receipt. Other donations are COgnIsed once the tharity has been notified of the donation. un18ss perf0mn08 conditions require deferral of the amounL Ino)me tax recoverable in Fetalion to donations rec8ived und8r Gtft Aid or deeds of coven8nt is r8(wni*l at the time of the donation. Legacies are recognised Dn reipt or otherwise if the chartty has been notrfied of an Impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a conungent asset
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 Aceountlng policles IContlnued} 1.5 Expondlturo Costs of generating fund5 arg costs incurred in attracting voluntary income. and those Incurred in trading 2ctivil¢es that raise funds. Charitable activities and Govemance costs are costs incurred on the Projgct's operations. including support costs and costs relating to Ihe govemance of th9 Project apportioned to charitable activities. AJI expendre 1$ accounted for on the accruals basis and Is alhxaled to fund to which the expens9S relat8. Support costs are allocated bekneen the ndS pro rata to gross income. 1.8 Tanglblo ftxed assets Tangib18 fixed assets are initially m8a$urod al cost and subsequently measured 31 c08t or valuation, net of depreciation and any impaimienl lossfrs. Depreciation Is reGognised so as to wrrte off the cost or valuatlon of assetsless their resldual values over th8ir useful lives on the folk)wlng bases.. Leasehold property Improvements Event equipment Computers and office equipmont Motor v8hlcles 10tlh stralght Ilne 20% straight lin8 200A straight line 20Q/o straight line The gain or toss arising on the disposal of an asset is deteThnined as the dFffer8nce betn the sale proceeds and th8 carrying value of the 8sseL and is recognised in net incomelloxpendibjrel for lh& year. 1.7 Imp•irn1gnt of fixed assets Al each reporting end date, the tharlty reviews the earying amounts of its t8ngibl8 assets to detemiine whether there is any indlcation that those assets hav8 suffered an impaimient loss. If any such inélcation exists, the recoverable amount of the asset is estimated in order to determine the extent of th8 impairmenl loss IW any)- 1.8 Cash and eash •qulvAl•n Cash and cash equwolents include cash in hand, deposits held at call with banks, other short-temi liquid investments wth origlnal maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within bormwngs in current liabilities. 1.9 Financlal instruments Financlal instwments are recognised in the charity's balanc8 sheet when the charity becomes party to the contractual provislons of the instrumenL Financial assets and liabilities are offset, with the net amounts presented in the financial ststements, when there is a legally enforceable right to set off the r8cognised amounts and therè is an intention to 8etNe on a net basis or lo realise the ass8t and setll6 Ihe118bllity simultaneousty. Baslc finan¢lal bssots Basic financial assets, which includg debtors and cash and bank balances. are InallY measured at transaction price indudlng transacllon costs and are subsequently carried at amortlsed cost uslng the effgclivo interest method unless the arTangemènt constitutes a financing transaction, wher& the transaction is measured at the present value of the future CeIpts discoL¢nled at a market rate of interest. Finanaal assgls c4as8ified as receivable within one year are not amortised. 10-
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountlng pollcles {Continugd) Baslc financlal liabilities Basic finanaal liabiliti&s. induding creditors and bank loans are initially recognised at Iransaclion price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted at a market rate of interesL Financial liabile$ d8ssrfièd as payable within one year are not amortised. Debt instrLsments are subsequfjntly carrMI al amortised cosl. using the effective interest rate method, Trade creditors are obligations to pay for goods or services thal have been acquired in the ordinary course of operations from suppliers. Amounts p8yable are classified as current liabilities if payrnent is due wblhin one year or loss. Ff not, they are presented as n0nvcuent liabilities. Trade creditors are recognised initially at transaction price and subsequentty measured at amortSsed cost using the effgctive Interest m8th¢xl. Derecognltlon of financlal liabllllies Financial liabili118s are deregnIsed when the charitys contradual obligations expire or ar8 discharged or cancelled. 1.10 Taxation The Prol8Ct is con8id8r8d to pass the tests set out in Paragraph 1 Schedule 6 of thg Finance Act 2010 and therefore it meets the definillon of a charitable company for UK corporation tax purposes. Accordingly. the Project is potentially exempl from taxaOn in respect of income or capital gains received With categories covered by Chapter 3 Part 11 of the Corporation TaxAct 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that suth income or gains ar8 applled exclusively to charitable purposes. 1.11 Employoe benellts Termination benefits are recognised immediately as an expense when the chartty is demonstrably ommilled to tgnninats th8 employrTient of an employgp or to pmvide termInaOn benefits. 1.12 Retiremgnt benetits Payments to defined Gontrlbutlon retlr&mant benefft schemes are charged as an expense as they fall dug. 1.13 Lea8es Rentsis payable under operating leases, including any lease incentives r8ceNed, 8r8 charged as an expense on a stralght Ilne basis over the tem) of the relevant lease. Crltlcal aGGountlng estlmates and judgements In thg appIon of the charity's accountlng polldes, the trjstees arg requlred to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and asstxiated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may (liffer from these estimates. The estimates and undertying assumpkn'ons are reviewed on an ongoing basis. Revisions to 8ccounting estimates are recognised In the pericKI in which the estimate is revised whero the r6vision affects only that period, or In the perfod of the revislon and future p8riods where the revlsSon affects both current and futuro periods. 11
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donations and 1ggacle8 UnfeStrfGtod Restfictgd funds funds Total Unrestricted Restricted funds fvnds Total 2024 2024 2024 2023 2023 2023 Donations and gifts Grants 30,067 30,067 293.017 36,258 36,258 341,213 293.017 341,213 30,067 293.017 323,084 36.258 341.213 377.471 National Lottery Grant Duke of Devonshire Grant Coalf191ds R8gen8ratlon Souter Advice occ Groundwork UK W8Stern Distribution Garfield Weston AvNa Peoples Health Trust Julia and Harts Rausing Rural Action Derbyshire Albert Hunt Derby$hire Commun Foundation Morrisons M&H Lain9 Trust 29th May 1961 Charitable Trust F9eding Derbyshife Natlonal Grid Harry Bottom Trust Derbyshire County Council Eon Bolsovgr Di8trict Counal Wlnter Provision Awards for All Beer Harris BCVS Job Club Benefact Trust c09 N3tional Lot- GYO and Befriending National Lot- Cost of Living Futur8 67,940 67.940 70.915 70,915 6,264 2,000 3,000 25.487 6,264 2.000 3.000 25,487 5.000 4.000 5.CX)O 4.0 1,000 1.000 2,000 9.898 25,000 17,372 13.905 12,811 8,265 7,000 2,000 9,898 25,000 17,372 13.905 12.811 8,265 7.000 7.390 7.390 2.400 2,400 21.075 21.075 6,000 5,207 5.000 6.LKJO 5,207 5,000 4.000 2,450 10.000 8,000 4,000 2,450 10,01]0 8,000 4,000 3,351 2,667 2,500 4,000 3,351 2.667 2.500 2,000 950 415 105.206 950 415 105,206 750 750 10,000 1.500 10.563 4,400 1,396 10.000 1.500 10.563 4.400 1,396 27,806 27.806 45,540 45,540 12-
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donatlons and legaciès {ConUnuedl National Lot- Cost of Livlng Retro National Lot- Minibus Rethink Mentsl Health Warm Spaces 25.107 31.200 500 1,000 25,107 31.200 500 1.000 293,017 293,017 341,213 341,213 Charltable actlvlties Unre8lrlctedUnrestrictsd Fund8 Funds 2024 2023 Contra(As for virtual tr&s 41.276 33,510 Other trading actlvltiè$ Unrestrfcted Unrestricted funds Jnds 2024 2023 Non-charFtabl8 trading activities Fundraising events 13,800 1,809 2,000 1.998 Othor Iradin9 aGtivitles 15,609 3.998 13-
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltablo actlvltle8 Vnreslrlcted Rfj$trlcted Funds Funds 2024 2024 TotalUnrestriGto11 Restricted 2024 Funds Fund8 2023 2023 Total 2023 staff costs Depreciation and impaimient Training Freedom events Memborshlp fees Money management and debt support Cafa supplies Travelling expenses Coach. van and skip hire Office repairs, slat*onery and equipment Insurance Other expenses Marketing adverb'sing Intem81 Subcontrador costs Rent 68.318 174,332 242,650 37,957 214,656 252,613 2,065 3,796 2,912 342 4,237 5,014 1,689 197 6,302 8.810 4,601 539 2,143 5,873 28 471 2,143 15,426 4,207 612 9,553 4.179 141 6.973 3,517 10,49) 230 37 670 loo 4.699 4,929 101 2.736 100 335 1.381 188 1,716 188 2.066 2.569 381 4,101 234 2.727 18,282 1,456 5,400 2.812 22,205 532 871 20.381 10.000 7,969 3,193 26,306 766 3,598 38,663 11,456 1.010 429 6,536 231 2,165 15,589 6,080 4.457 2.563 50,677 3,267 3,604 8.065 5,287 5,467 2,992 57.213 3,498 5,769 23,654 11,367 114.491 252,756 367,247 79,549 313.278 392,827 114,491 252.756 367,247 79,549 313.278 392,827 AnAty81$ by fund UnreslriGted funds R8strict8d fijnds 114,491 114,491 252.756 79,549 79,549 313.278 252,756 313.278 114.491 252.756 367.247 79,549 313.278 392,827 Tte08 None of the trustees {or any persons conneeted wtth Iheml received any remuneration or ben&fits from the charity during the year. 14-
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employoes The average monthly number of employ88s during the year was: 2024 Numb•r 2023 Numb•r 18 15 Employmenl cvsts 2024 2023 Wages and salaries Social security costs (Xher pension cost8 231,352 8.670 2.628 240,934 9,359 2,320 242,650 252,613 Tanglble flxed assets L•880hold Event property oqulpmènt improvemènts Computern M¢torv•hkl08 and offlc• equlpmortt Totsl Cost At 1 April 2023 Addllon5 16,400 3,368 11,691 5.442 31,459 35,442 30,000 Al 31 March 2024 16,400 3,368 17,133 30.000 66,901 D9preclatlon and Impalmimt At 1 April 2023 Depreciation charged in the year 6,475 1,840 3,368 11.094 911 20,937 6.301 3,750 At 31 March 2024 8,115 3,368 12,Crf)5 3,750 27,238 Carrylng amount At 31 March 2024 8,285 S,128 26,250 39,663 At 31 March 2023 9,925 597 10,522 l ofthe abo flxed assets are Ltsèd in fvrtherance of the Projects charitable adNitl8S. 15-
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Dobtors 2024 2023 Amounts falllng due wlthln one year. Trade debtors Amounts owed by subsidiary undertakings Prepayments and accrued income 29,115 8,110 143 10,399 3.033 13.432 37,368 11 Loans and overdrafts 2024 2023 Bank loans 38.000 Payatle after one year 38,000 12 Creditorn: amounts falllng due wlthln onè ar 2024 2023 Trade credilors Other cred6tors Accruals and deferred income 9,792 42.057 167 11,922 9,792 54.146 13 Creditors: amounts falling due after morg than one year 2024 2023 Nots8 Bank loar 11 38,000 16-
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Analysis of net assets botwgen funds Unrestrictsd Restri¢lgd funds funds 2024 2024 T¢)lal Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Fund balan at 31 March 2024 are r8presented by.. Tangible assets Current asset 8,106 31,557 39.663 10.522 10,522 61.374 {38.000) 69,212 130,586 138,000) 48,497 Long lem? Ilabilltles 60,507 109,004 31,480 1Th),769 132,249 59.019 60,507 119,526 15 Rolatsd party tran8actlon8 Transactions wfth related partles Induded in debtors is a loan to the subsidiary company, Enable Social Enterprise Ltd I"ESE°I, on which the Iransactions durlNJ the year were as follows: 2024 2023 Balance at 1 April Donation from ESEIExpenses of ESE setued by the Project 8.110 2.289 5.977 2.133 10,399 8,110 16 Subsldlari•s Details of the Charitls subsidiaries at 31 March 2024 are as follows: N?rne of undgrtaklng R•gl8tsr8d Nature of buslness % Held offlce Dlrnct Enab18 Sodal Enterpris8 Ltd Hlllstown Retail sale vta 1(KJ.00 Methodist stalls and Church, markets of Langwith Road, textiles. Bolsover, lolhing, Chesl8rfield, footwear and S44 6LY mail order hDLlS6S or via Internet 17-
FREEDOM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Subsldlarlgs (Contlnued) Tha aggregate Gapital and reserves and the result for the year of subsidi8ries excluded from nsol1dati0n was as follows- Narno of undertaking Prolill{L0661 Capltal and R8s•ms Enable Social Enterpri58 Ltd 18901 (16,7091 The Project is consldered to be the parent company of Enable Social Enterprise Ltd on the grounds that it ts under wmmon control and tts operating policies are designed to bgnefit the Project. The subsidiary passes all of its available profits on to the Project. 18-