CHARITY REGISTRATION NUMBER: 1153121
Footprints In The Community Unaudited Financial Statements
31 July 2023
TREMAINE
Chartered accountants 19 Tremaine Close Hartlepool TS27 3LE
Footprints In The Community
Financial Statements
Year ended 31 July 2023
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Statement of cash flows | 7 |
| Notes to the financial statements | 8 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 23 |
Footprints In The Community
Trustees' Annual Report
Year ended 31 July 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 July 2023.
Reference and administrative details
Registered charity name Footprints In The Community Charity registration number 1153121 Principal office 10 Queen Street Redcar TS10 1DY
The trustees
Tim Myer David Stones Vanessa Newlands (Resigned 7 August 2023) Margaret Mclaren (Resigned 19 September 2023) Stephen Duffield Derek Farrell Jeremy Faulkner Claire Stollery Sharon Chappell Andrew Greiff Kevin Highfield Gillian Mary Day Independent examiner Julie Todd Tremaine Chartered Certified Accountant 19 Tremaine Close Hartlepool TS27 3LE
Structure, governance and management
The charity is a Charitable Incorporated Organisation, registered with the Charity Commission of England and Wales on 30 July 2013.
Objectives and activities
The object of the charity is to relieve persons in the area of Redcar and Cleveland who are in condition of need, hardship or distress (beneficiaries) by providing practical support, information, guidance and in such other ways as the trustees from time to time see fit.
1
Footprints In The Community
Trustees' Annual Report (continued)
Year ended 31 July 2023
Achievements and performance
Chair's Report
As 'Footprints' marks our 10th year, I have been reflecting on the remarkable story of this organisation. It has spent this past year on the front line, advancing our dream to show compassion to the Redcar area.
Spiralling food and energy prices are pushing countless local families into poverty. With the cost-ofliving crisis hitting our community hard. 'Heat or eat' is fast becoming an unfortunate cliché - but in Redcar it is also becoming a reality.
2023 has seen Footprints in the Community celebrating its 10th Anniversary - a time for reflection and gratitude of the good things we have achieved, but also with a sense of sadness that the services we offer are more in need now than ever before.
We started the year with a Church Service exactly 10 years since we gave out our first foodbank parcel. Since that time we have provided 3 days' meals to 56,311 individuals. We now run nine foodbank centres across Redcar and Cleveland.
We enjoyed a volunteer celebration event at Gisborough Hall, recognising and thanking those who have volunteered over the years without who we simply couldn't help the thousands of people we do each year. We currently have 182 volunteers.
We will finish the year with a special event to thank our supporters and funders. The Mayor will unveil our special 10th anniversary mosaic which will soon be displayed in the café on Redcar High Street.
During the year we have started working with both statutory and other voluntary organisations to help those people struggling with mental health issues. This is something we are passionate about and will be growing over the coming months.
Looking forward, we are keen to help people have a voice and to challenge decision makers around why, in the 21st century, we have the need for so many foodbanks and why there are so many people, including children, living in poverty in the United Kingdom.
We are proud of the work we do but saddened by the great need. We are grateful for all the support, both monetary and physical and thankful that we have such a great staff team to lead the work.
2
Footprints In The Community
Trustees' Annual Report (continued)
Year ended 31 July 2023
Financial review
On 31 July 2023 Footprints In The Community held unrestricted reserves of £271,342. The free reserves of the charity i.e. those not tied up with fixed assets amount and designated funds amount to £127,682.
Reserves of this order are vital to ensure that the charity has the capacity to find alternative funding, support and/or meet all outstanding obligations and when funding is paid in arrears pending defrayment of expenditure, settlement of such costs can range from 1 to 3 months before payment is received.
The designated funds represent:
| 2023 | |
|---|---|
| Cafe Working Capital | 14,441 |
| Redundancy & contractural ogligations fund | 100,693 |
| Mercers fund | 4,551 |
Reserves Policy
The trustees have established a policy whereby the unrestricted funds, not committed or invested in tangible fixed assets, held by the charity, should be not more than 12 months of the resources expended. At this level the trustees feel that they would be able to continue the current activities in the event of a significant drop in funding. It would obviously be necessary to consider how the funding would be replaced or activities changed.
Risk Review
The board of trustees have reviewed the major risks, to which the charity is exposed and continue to monitor the arrangements and systems in place to mitigate those risks.
The trustees' annual report was approved on 13 March 2024 and signed on behalf of the board of trustees by:
Stephen Duffield Trustee
3
Footprints In The Community
Independent Examiner's Report to the Trustees of Footprints In The Community
Year ended 31 July 2023
I report to the trustees on my examination of the financial statements of Footprints In The Community ('the charity') for the year ended 31 July 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Julie Todd Tremaine Chartered Certified Accountant Independent Examiner
19 Tremaine Close Hartlepool TS27 3LE
4
Footprints In The Community
Statement of Financial Activities
Year ended 31 July 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 102,813 | 509,823 | 612,636 | 407,234 |
| Charitable activities | 5 | 98,202 | 36,054 | 134,256 | 102,715 |
| Investment income | 6 | 1,193 | – | 1,193 | 369 |
|
|
|
|
||
| Total income | 202,208 | 545,877 | 748,085 | 510,318 | |
|
|
|
|
||
| Expenditure | |||||
| Expenditure on charitable activities | 7 | 166,878 | 405,383 | 572,261 | 450,807 |
|
|
|
|
||
| Total expenditure | 166,878 | 405,383 | 572,261 | 450,807 | |
|
|
|
|
||
|
|
|
|
||
| Net income | 35,330 | 140,494 | 175,824 | 59,511 | |
|
|
|
|
||
| Transfers between funds | 34,739 | (34,739) | – | – | |
|
|
|
|
||
| Net movement in funds | 70,069 | 105,755 | 175,824 | 59,511 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 201,273 | 280,283 | 481,556 | 422,045 | |
|
|
|
|
||
| Total funds carried forward | 271,342 | 386,038 | 657,380 | 481,556 | |
|
|
|
|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 21 form part of these financial statements.
5
Footprints In The Community
Statement of Financial Position
31 July 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 12 | 23,975 | – |
| Current assets | |||
| Stocks | 13 | 44,120 | 33,056 |
| Debtors | 14 | 510 | 369 |
| Cash at bank and in hand | 599,927 | 451,625 | |
|
|
||
| 644,557 | 485,050 | ||
| Creditors: amounts falling due within one year | 15 | 8,599 | 3,494 |
|
|
||
| Net current assets | 635,958 | 481,556 | |
|
|
||
| Total assets less current liabilities | 659,933 | 481,556 | |
| Creditors: amounts falling due after more than one year | 16 | 2,553 | – |
|
|
||
| Net assets | 657,380 | 481,556 | |
|
|
||
| Funds of the charity | |||
| Restricted funds | 386,038 | 280,283 | |
| Unrestricted funds | 271,342 | 201,273 | |
|
|
||
| Total charity funds | 19 | 657,380 |
481,556 |
These financial statements were approved by the board of trustees and authorised for issue on 13 March 2024, and are signed on behalf of the board by:
Stephen Duffield Trustee
The notes on pages 8 to 21 form part of these financial statements.
6
Footprints In The Community
Statement of Cash Flows
Year ended 31 July 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 175,824 | 59,511 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 4,763 | – |
| Other interest receivable and similar income | (1,193) | (369) |
| Accrued expenses | – | 840 |
| Changes in: | ||
| Stocks | (11,064) | (16,847) |
| Trade and other debtors | (141) | (369) |
| Trade and other creditors | 4,439 | 2,654 |
|
|
|
| Cash generated from operations | 172,628 | 45,420 |
| Interest received | 1,193 | 369 |
|
|
|
| Net cash from operating activities | 173,821 | 45,789 |
|
|
|
| Cash flows from investing activities | ||
| Purchase of tangible assets | (28,738) | – |
|
|
|
| Net cash used in investing activities | (28,738) | – |
|
|
|
| Cash flows from financing activities | ||
| Payments of finance lease liabilities | 3,219 | – |
|
|
|
| Net cash from financing activities | 3,219 | – |
|
|
|
| Net increase in cash and cash equivalents | 148,302 | 45,789 |
| Cash and cash equivalents at beginning of year | 451,625 | 405,836 |
|
|
|
| Cash and cash equivalents at end of year | 599,927 |
451,625 |
The notes on pages 8 to 21 form part of these financial statements.
7
Footprints In The Community
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 10 Queens Street, Redcar, TS10 1DY.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
8
Footprints In The Community
Notes to the Financial Statements (continued)
Year ended 31 July 2023
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
9
Footprints In The Community
Notes to the Financial Statements (continued)
Year ended 31 July 2023
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Motor vehicles | - | 25% straight line |
|---|---|---|
| Equipment | - | 25% straight line |
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
10
Footprints In The Community
Notes to the Financial Statements (continued)
Year ended 31 July 2023
3. Accounting policies (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
11
Footprints In The Community
Notes to the Financial Statements (continued)
Year ended 31 July 2023
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 37,396 | 69,537 | 106,933 |
| Gift Aid | 2,567 | 6,683 | 9,250 |
| Fundraising | 350 | 805 | 1,155 |
| Grants | |||
| National Lottery Community Fund | – | 86,074 | 86,074 |
| The Trussell Trust | – | 25,819 | 25,819 |
| Mercers | 25,000 | – | 25,000 |
| County Durham Community Foundation | – | 2,450 | 2,450 |
| Virgin Money Charitable Foundation | – | 26,363 | 26,363 |
| Beyond Housing | – | 6,500 | 6,500 |
| Woodsmiths Foundation | – | 20,000 | 20,000 |
| Tees Valley Community Foundation | – | 2,700 | 2,700 |
| Redcar Hydrogen Community Fund | – | 5,000 | 5,000 |
| The Julia and Hans Rausing Trust | – | 39,870 | 39,870 |
| Redcar & Cleveland Borough Council | 25,000 | – | 25,000 |
| The Ballinger Charitable Trust | – | 20,000 | 20,000 |
| The Tudor Trust | – | 29,654 | 29,654 |
| NHS | – | 153,368 | 153,368 |
| The 1989 Willan Charitable Trust | 10,000 | – | 10,000 |
| Middlesbrough Borough Council | 2,500 | – | 2,500 |
| Community Foundation | – | 15,000 | 15,000 |
|
|
|
|
| 102,813 | 509,823 | 612,636 | |
|
|
|
12
Footprints In The Community
Notes to the Financial Statements (continued)
Year ended 31 July 2023
4. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 23,760 | 83,325 | 107,085 | |
| Gift Aid | 404 | 548 | 952 | |
| Fundraising | 119 | 635 | 754 | |
| Grants | ||||
| Grants | 8,789 | – | 8,789 | |
| National Lottery Community Fund | – | 84,535 | 84,535 | |
| The Trussell Trust | – | 61,882 | 61,882 | |
| Mercers | 25,000 | – | 25,000 | |
| County Durham Community Foundation | – | 5,000 | 5,000 | |
| Virgin Money Charitable Foundation | – | 8,609 | 8,609 | |
| Tees Valley Community Foundation | 4,000 | – | 4,000 | |
| Redcar & Cleveland Borough Council | 25,000 | 20,000 | 45,000 | |
| The Ballinger Charitable Trust | – | 15,000 | 15,000 | |
| The Tudor Trust | – | 22,421 | 22,421 | |
| ESF | – | 600 | 600 | |
| Neighbourly Foundation | 2,150 | 2,660 | 4,810 | |
| The Teesside Charity | 1,000 | – | 1,000 | |
| The Peoples Lottery | – | 11,797 | 11,797 | |
|
|
|
||
| 90,222 | 317,012 | 407,234 | ||
|
|
|
||
| 5. | Charitable activities | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Cafe | 80,699 | 3,608 | 84,307 | |
| Membership fees | 709 | 24,796 | 25,505 | |
| Catering | 6,424 | – | 6,424 | |
| 100 Club | 3,540 | – | 3,540 | |
| Acts 435 | 6,255 | – | 6,255 | |
| Other | 55 | 7,504 | 7,559 | |
| Room rental | 520 | – | 520 | |
| Training | – | 146 | 146 | |
|
|
|
||
| 98,202 | 36,054 | 134,256 | ||
|
|
|
13
Footprints In The Community
Notes to the Financial Statements (continued)
Year ended 31 July 2023
5. Charitable activities (continued)
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Cafe | 68,493 | 1,282 | 69,775 |
| Membership fees | 453 | 18,060 | 18,513 |
| Catering | 3,242 | – | 3,242 |
| 100 Club | 3,575 | – | 3,575 |
| Acts 435 | 7,610 | – | 7,610 |
| Other | – | – | – |
| Room rental | – | – | – |
| Training | – | – | – |
|
|
|
|
| 83,373 | 19,342 | 102,715 | |
|
|
|
6. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 1,193 | 1,193 | 369 | 369 |
|
|
|
|
14
Footprints In The Community
Notes to the Financial Statements (continued)
Year ended 31 July 2023
7. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| General fund | 37,084 | – | 37,084 |
| Cafe | 90,873 | – | 90,873 |
| U Mercer | 38,921 | – | 38,921 |
| 1st Steps | – | 2,525 | 2,525 |
| Lunch Box | – | 2,106 | 2,106 |
| NS Shop | – | 10,206 | 10,206 |
| Food Bank | – | 84,439 | 84,439 |
| New Start Packs | – | 11,990 | 11,990 |
| National Lottery Community Fund | – | 86,710 | 86,710 |
| Reflections Support Group | – | 879 | 879 |
| The Shed | – | 14,592 | 14,592 |
| Ballinger Trust | – | 14,785 | 14,785 |
| Virgin Money | – | 9,206 | 9,206 |
| Grangetown NSS | – | 16,908 | 16,908 |
| Online Shop | – | 42 | 42 |
| Community Foundation | – | 15,000 | 15,000 |
| Tudor Trust | – | 26,605 | 26,605 |
| Virgin SOAP | – | 1,891 | 1,891 |
| Community Wellbeing | – | 16,760 | 16,760 |
| JH Rausing Trust | – | 36,954 | 36,954 |
| Warm Hub | – | 5,851 | 5,851 |
| Hydrogen Fund | – | 3,994 | 3,994 |
| Woodsmiths | – | 20,000 | 20,000 |
| Trussell Trust - FIF | – | 20,383 | 20,383 |
| Trussell Trust Strategic Resources | – | 3,557 | 3,557 |
|
|
|
|
| 166,878 | 405,383 | 572,261 | |
|
|
|
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| General fund | 43,398 | – | 43,398 |
| Cafe | 75,190 | – | 75,190 |
| U Mercer | 15,680 | – | 15,680 |
| 1st Steps | – | 2,263 | 2,263 |
| Lunch Box | – | 966 | 966 |
| Redcar Beacons | – | 88 | 88 |
| NS Shop | – | 15,464 | 15,464 |
| Food Bank | – | 94,405 | 94,405 |
| New Start Packs | – | 9,147 | 9,147 |
| National Lottery Community Fund | – | 88,004 | 88,004 |
| Reflections Support Group | – | 697 | 697 |
| IWA Fund | – | 2,563 | 2,563 |
| The Shed | – | 24,389 | 24,389 |
| Ballinger Trust | – | 5,261 | 5,261 |
| Virgin Money | – | 6,085 | 6,085 |
15
Footprints In The Community
Notes to the Financial Statements (continued)
Year ended 31 July 2023
| Grangetown NSS | – | 23,332 | 23,332 | |
|---|---|---|---|---|
| Book Club | – | 2,589 | 2,589 | |
| Online Shop | – | 1,751 | 1,751 | |
| Community Foundation | – | 20,179 | 20,179 | |
| Tudor Trust | – | 19,356 | 19,356 | |
|
|
|
||
| 134,268 | 316,539 | 450,807 | ||
|
|
|
||
| 8. | Net income | |||
| Net income is stated after charging/(crediting): | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 4,763 | – | ||
|
|
|||
| 9. | Independent examination fees | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 840 | 840 | ||
|
|
|||
| 10. | Staff costs | |||
| The total staff costs and employee benefits for the reporting | period are | analysed as | follows: | |
| 2023 | 2022 | |||
| £ | £ | |||
| Wages and salaries | 247,023 | 229,417 | ||
| Social security costs | 15,930 | 11,248 | ||
| Employer contributions to pension plans | 5,508 | 3,586 | ||
|
|
|||
| 268,461 | 244,251 | |||
|
|
The average head count of employees during the year was 15 (2022: 9). The average number of full-time equivalent employees during the year is analysed as follows:
| 2023 | 2022 | |
|---|---|---|
| No. | No. | |
| Management & administration | 2 | 1 |
| Charitable activities | 13 | 8 |
|
|
|
| 15 | 9 | |
|
|
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
16
Footprints In The Community
Notes to the Financial Statements (continued)
Year ended 31 July 2023
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
12. Tangible fixed assets
| Motor | ||||
|---|---|---|---|---|
| vehicles | Equipment | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 August 2022 | – | – | – | |
| Additions | 23,398 | 5,340 | 28,738 | |
|
|
|
||
| At 31 July 2023 | 23,398 | 5,340 | 28,738 | |
|
|
|
||
| Depreciation | ||||
| At 1 August 2022 | – | – | – | |
| Charge for the year | 4,387 | 376 | 4,763 | |
|
|
|
||
| At 31 July 2023 | 4,387 | 376 | 4,763 | |
|
|
|
||
| Carrying amount | ||||
| At 31 July 2023 | 19,011 | 4,964 | 23,975 | |
|
|
|
||
| At 31 July 2022 | – | – | – | |
|
|
|
||
| 13. | Stocks | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Finished goods and goods for resale | 44,120 | 33,056 | ||
|
|
|||
| 14. | Debtors | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Trade debtors | 510 | – | ||
| Other debtors | – | 369 | ||
|
|
|||
| 510 | 369 | |||
|
|
|||
| 15. | Creditors: amounts falling due within one year | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Trade creditors | 7,093 | – | ||
| Accruals and deferred income | 840 | 840 | ||
| Social security and other taxes | – | 1,457 | ||
| Obligations under finance leases and hire purchase | contracts | 666 | – | |
| Other creditors | – | 1,197 | ||
|
|
|||
| 8,599 | 3,494 | |||
|
|
17
Footprints In The Community
Notes to the Financial Statements (continued)
Year ended 31 July 2023
16. Creditors: amounts falling due after more than one year
Obligations under finance leases and hire purchase contracts
| 2023 | 2022 |
|---|---|
| £ | £ |
| 2,553 | – |
|
|
17. Finance leases and hire purchase contracts
The total future minimum lease payments under finance leases and hire purchase contracts are as follows:
| as follows: | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Not later than 1 year | 666 | – |
| Later than 1 year and not later than 5 years | 2,553 | – |
|
|
|
| 3,219 | – | |
|
|
18. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,508 (2022: £3,586).
19. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At 1 August | At | ||||
| 2022 | Income | Expenditure | Transfers | 31 July 2023 | |
| £ | £ | £ | £ | £ | |
| General Fund | 84,508 | 68,809 | (37,084) | 35,424 | 151,657 |
| Cafe | 15,608 | 89,706 | (90,873) | – | 14,441 |
| Contingency Fund | 82,000 | 18,693 | – | – | 100,693 |
| U Mercers Fund | 19,157 | 25,000 | (38,921) | (685) | 4,551 |
|
|
|
|
|
|
| 201,273 | 202,208 | (166,878) | 34,739 | 271,342 | |
|
|
|
|
|
|
| At 1 August | At | ||||
| 2021 | Income | Expenditure | Transfers | 31 July 2022 | |
| £ | £ | £ | £ | £ | |
| General Fund | 63,225 | 60,051 | (43,398) | 4,630 | 84,508 |
| Cafe | 1,885 | 88,913 | (75,190) | – | 15,608 |
| Contingency Fund | 82,000 | – | – | – | 82,000 |
| U Mercers Fund | 9,837 | 25,000 | (15,680) | – | 19,157 |
|
|
|
|
|
|
| 156,947 | 173,964 | (134,268) | 4,630 | 201,273 | |
|
|
|
|
|
18
Footprints In The Community
Notes to the Financial Statements (continued)
Year ended 31 July 2023
19. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At 1 August | At | ||||
| 2022 | Income | Expenditure | Transfers | 31 July 2023 | |
| £ | £ | £ | £ | £ | |
| Fisrt steps | 1,520 | 1,903 | (2,525) | – | 898 |
| Lunch Box | 7,080 | – | (2,106) | – | 4,974 |
| Redcar Beacons | 2,638 | – | – | – | 2,638 |
| Next Step Shop | 5,689 | 15,397 | (10,206) | 649 | 11,529 |
| Foodbank General Fund | 110,927 | 78,258 | (84,439) | (15,590) | 89,156 |
| New Start Packs | 19,845 | 20 | (11,990) | – | 7,875 |
| National Lottery | |||||
| Community Fund | 10,991 | 86,075 | (86,710) | – | 10,356 |
| Reflections Support | |||||
| Group | 6,430 | 80 | (879) | – | 5,631 |
| IWA Fund | – | – | – | – | – |
| The Shed | 28,108 | 11,977 | (14,592) | – | 25,493 |
| Ballinger Trust | 9,739 | 20,099 | (14,785) | – | 15,053 |
| Virgin Money | 9,221 | 10,180 | (9,206) | (5,000) | 5,195 |
| Grangetown NSS | 2,647 | 17,552 | (16,908) | – | 3,291 |
| Book Club | 2,840 | – | – | – | 2,840 |
| Online Shop | – | 761 | (42) | – | 719 |
| Community Foundation | (2,678) | 15,000 | (15,000) | – | (2,678) |
| Tudor Trust | 17,669 | 29,654 | (26,605) | – | 20,718 |
| Virgin Money | – | 16,183 | (1,891) | (640) | 13,652 |
| Community Wellbeing | – | 153,368 | (16,760) | (10,701) | 125,907 |
| JH Rausing Trust | – | 39,870 | (36,954) | (2,808) | 108 |
| Warm Hub | – | 6,500 | (5,851) | (649) | – |
| Hydrogen Fund | – | 5,000 | (3,994) | – | 1,006 |
| Woodsmiths | – | 20,000 | (20,000) | – | – |
| Trussell Trust - Financial | |||||
| Inclusion | 46,882 | – | (20,383) | – | 26,499 |
| Trussell Trust Strategic | |||||
| Resources | – | 18,000 | (3,557) | – | 14,443 |
| Bridging The Gap | 735 | – | – | – | 735 |
|
|
|
|
|
|
| 280,283 | 545,877 | (405,383) | (34,739) | 386,038 | |
|
|
|
|
|
19
Footprints In The Community
Notes to the Financial Statements (continued)
Year ended 31 July 2023
19. Analysis of charitable funds (continued)
| At 1 August | At | ||||
|---|---|---|---|---|---|
| 2021 | Income | Expenditure | Transfers | 31 July 2022 | |
| £ | £ | £ | £ | £ | |
| Fisrt steps | 1,833 | 1,950 | (2,263) | – | 1,520 |
| Lunch Box | 8,046 | – | (966) | – | 7,080 |
| Redcar Beacons | 2,692 | 34 | (88) | – | 2,638 |
| Next Step Shop | 9,703 | 11,450 | (15,464) | – | 5,689 |
| Foodbank General Fund | 116,573 | 88,759 | (94,405) | – | 110,927 |
| New Start Packs | 13,992 | 15,000 | (9,147) | – | 19,845 |
| National Lottery | |||||
| Community Fund | 14,460 | 84,535 | (88,004) | – | 10,991 |
| Reflections Support | |||||
| Group | 7,097 | 30 | (697) | – | 6,430 |
| IWA Fund | 3,290 | 2,200 | (2,563) | (2,927) | – |
| The Shed | 26,420 | 26,077 | (24,389) | – | 28,108 |
| Ballinger Trust | – | 15,000 | (5,261) | – | 9,739 |
| Virgin Money | 6,697 | 8,609 | (6,085) | – | 9,221 |
| Grangetown NSS | 13,219 | 12,760 | (23,332) | – | 2,647 |
| Book Club | 5,429 | – | (2,589) | – | 2,840 |
| Online Shop | 2,807 | 647 | (1,751) | (1,703) | – |
| Community Foundation | 17,501 | – | (20,179) | – | (2,678) |
| Tudor Trust | 14,604 | 22,421 | (19,356) | – | 17,669 |
| Virgin Money | 735 | – | – | – | 735 |
| Trussell Trust - Financial | |||||
| Inclusion | – | 46,882 | – | – | 46,882 |
|
|
|
|
|
|
| 265,098 | 336,354 | (316,539) | (4,630) | 280,283 | |
|
|
|
|
|
20. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | 23,975 | – | 23,975 |
| Current assets | 258,519 | 386,038 | 644,557 |
| Creditors less than 1 year | (8,599) | – | (8,599) |
| Creditors greater than 1 year | (2,553) | – | (2,553) |
|
|
|
|
| Net assets | 271,342 | 386,038 | 657,380 |
|
|
|
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | – | – | – |
| Current assets | 204,767 | 280,283 | 485,050 |
| Creditors less than 1 year | (3,494) | – | (3,494) |
| Creditors greater than 1 year | – | – | – |
|
|
|
|
| Net assets | 201,273 | 280,283 | 481,556 |
|
|
|
20
Footprints In The Community
Notes to the Financial Statements (continued)
Year ended 31 July 2023
21. Analysis of changes in net debt
| At | |||
|---|---|---|---|
| At 1 Aug 2022 | Cash flows | 31 Jul 2023 | |
| £ | £ | £ | |
| Cash at bank and in hand | 451,625 | 148,302 | 599,927 |
| Debt due within one year | – | (666) | (666) |
| Debt due after one year | – | (2,553) | (2,553) |
|
|
|
|
| 451,625 | 145,083 | 596,708 | |
|
|
|
21