2022-08-31-accounts - The Furnival

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The Furnival

(Registered charity number 1154656)

(Company limited by guarantee. Registered Number 08582273)

FINANCIAL STATEMENTS

for the year ended 31 August 2022

Contents	Page
Legal and administrative information	2
Trustees' report	3-5
Examiner's report	6
Statement of financial activities	7
Balance sheet	8
Notes to the accounts	9-10

The Furnival

Legal and administrative information

Directors

Mr I F Cloke Mr R J C Keene Mr M Power

Registered Charity number

1154656

Company Ltd by Guarantee number

08582273

Principal address

195A Verdon Street Sheffield S3 9QQ

Reporting Accountant

White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL

The Furnival

Trustee report

The Trustees present their annual report and financial statements for the year ended 31 August 2022 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards for Smaller Entities.

Structure, governance and management

The charity is a company limited by guarantee. It is managed by a board of experienced trustees, who are also the directors of the company, which is responsible for ensuring financial stability and providing professional and strategic advice on policy and resource management. Trustees are appointed in accordance with the terms of the Articles of Association.

Trustees can be nominated at the annual general meeting or co-opted during the year by the board for their special skills or expertise; the membership of the board is ratified by the annual general meeting. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The trustees are responsible for the overall management and control of the charity and receive regular reports from the manager. All matters and powers of strategic management and control are vested in the board. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. The trustees have sought to discharge their responsibilities by the implementation of strong recruitment and supervision policies, and by regular and rigorous reviews of policy, ensuring that they are fully implemented by all staff and volunteers. The trustees also review the financial situation on a monthly basis to ensure the continued viability of The Furnival.

Objective and Activities

The Furnival is a welcoming community, working together to empower families and local people. We build capability and confidence to support social inclusion and cohesion. We are based in a community space in Burngreave and thrive through our network of relationships across the community and city area. The Trustees, with the involvement of the Charity’s management, have formed a future development plan (‘the plan’) for the next 3-5 years in order to have a clear roadmap of where the Charity is going, and how it will get there. In forming the plan the Trustees have performed a thorough review of the Charity’s current model, risks and opportunities. By reducing and moving away from the risks and towards the opportunities the Trustees have formed a plan that will enable the Charity to thrive, rather than just survive.

The plan has set the objectives of the Charity as:

• To deliver projects with demonstrable social impact that match our capabilities and the needs of our community in particular through leveraging our great network of relationships with BAME woman.

• To be a financially sustainable organisation

• To grow awareness of our work with current (and potential) beneficiaries, supporters/partners/funders and wider influencers

Public Benefit Statement

The trustees can confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission in reporting on how we are achieving our charitable objects . This report outlines our key achievements and the challenges we continue to face as a small neighbourhood charity .

The Furnival

Trustee report

Achievements and performance

Creative English classes twice a week at Verdon Recreation Centre with around 70 women attending this year

Peaced Together therapeutic craft club in the autumn term

Weekly Welcome Craft Café with crafts and snacks funded by SOAR

Playgroup at Verdon Rec from Easter 2022 for children and carers - SCC Community Fund

Welcome café (Cook & Eat) in our Welcome Space on Verdon Street, ran for 3 months until the office flooded, then postponed until reparation work completed - SCC Community Fund

Community Garden/Raised Beds built over a weekend in May 22 and planted up - funded by SCC Community Fund

Jubilee Party June 22 Funded by LAC grant, attended by over 50 women and children – dance, crafts and food

Partnership work with Sheffield Theatres - dance and craft workshops in the Autumn term in preparation for the arrival of Little Amal in Sheffield – October 2021. Over 100 of our women and children attended the event in Tudor Square

Partnership working with Sheffield Theatres on Textiles Together project –working on various textiles to create banners displayed in the Crucible Theatre April 2022 and the subsequent Together in the City event at the theatre, attended by many of our families and our staff members over the Easter holidays.

We have partnered with the Showroom Cinema to provide free cinema tickets to our families, who rarely have the opportunity to go to the cinema. This has been part of the Filmosophy for Families programme which includes discussion time about the themes of the films. There has been a good uptake of these tickets.

Supporting Sheffield University, Department of Architecture Masters Students in understanding the demographic and area of Burngreave.

Partnership working with Manchester Metropolitan University - project looking at the impact of heritage sites on wellbeing – resulting in a trip to Chatsworth House with a group from The Furnival and academics from MMU

Partnership working withSCC Community Forestry Team to improve the environment, by planting two Photinia Red Robin trees on the paved area in front of our community hub and three plum trees on the grassed area on Verdon Street.

Our Toy Library is available for the community and has been well used by many families this year. We have received many donations to improve what we have to offer. In addition, we have a regular flow of donations of women’s and children’s clothes from supporters, which are much appreciated by the families we work with.

In the spring and summer terms we have offered volunteer-led walks and trips to local places of interest. These have been well attended. g q p

them, the addition of a few casual hours to support Peaced Together in the autumn term and some volunteer hours. We have worked with around 100 women, a few men from the community, on the community garden project, and around 30 children. Many of our families are from the immediate

Julie D’Souza Walsh

Projects and Development Manager

The Furnival

Trustee report

Financial review

Income for the year is shown at £35,322 (2021: £38,910) Expenditure is shown at £41,736 (2021: £37,288) with a year end carried forward of unrestricted funds balance of £24,766 (2021: £30,309)

Reserves Policy

The trustees have re-designated an amount of £10,000 to cover the cost of closure and statutory redundancy payments should the remaining operational reserves deplete to a level that is no longer sustainable. Operational reserves are monitored monthly through management reports and assist to determine the level of additional funding required through grant application processes.

Trustees responsibilities for the financial statements

Company and charity law requires the trustees to prepare financial statements for each financial period which show the state of affairs of the charity and of net income or expenditure of the charity for that period. In preparing those financial statements, the Trustees are required to:

q select suitable accounting policies and apply them consistently;
q make judgements and estimates that are reasonable and prudent.
q prepare the financial statements on the going concern basis unless it

is inappropriate to presume that the charity will continue in operation.

q state whether applicable accounting standards of recommended practice have been followed subject to any departures disclosed and explained in the financial statements.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable the Trustees to prepare financial statements. The Trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

This report was approved by the Trustees on __and is signed on their behalf by:

Mr I F Cloke Trustee

The Furnival

Independent Examiner's report on the Accounts of The Furnival for the year ended 31 August 2022

I report on the accounts of the company for the year ended 31 August 2022, which are set out on pages 7 to 10.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

q examine the accounts under section 145 of the 2011 Act;

q to follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and

q to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

· to keep accounting records in accordance with section 386 of the Companies Act 2006; and

· to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:______

Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL

Date:______

The Furnival

Statement of financial activities for the year ended 31 August 2022

Notes Incoming resources 1 Grants 2 Donations Charitable Activities Fundraising Room hire Sundry income & donations Bank interest Total incoming resources Resources expended Staff 3 Consultancy fees Activities & Consumable Rent and rates Utilities Building repairs and maintenance Computer and software Insurance Bad debts Independent examination Bank charges Other Expenses Total resources expended Net incoming/(outgoing)resources Fund balances brought forward Fund balances carried forward 7	Unrestricted funds £ 9,750 3,126 635 1,014 755 - - 15,280 8,116 - 3,362 4,657 627 430 1,930 1,133 - 444 88 35 20,822 (5,542) 30,309 24,766	Restricted funds £ 20,042 - - - - - - 20,042 18,896 - 2,018 - - - - - - - - - 20,914 (872) 7,601 6,729	Total 2022 £ 29,792 3,126 635 1,014 755 - - 35,322 27,012 - 5,380 4,657 627 430 1,930 1,133 - 444 88 35 41,736 (6,414) 37,910 31,495	Total 2021 £ 10,136 1,406 17,221 - - 10,143 4
				38,910
				25,571 420 5,501 1,000 1,403 32 1,254 169 817 840 84 197
				37,288

				1,622 36,288
				37,910

The Furnival

Balance Sheet as at 31 August 2022

Company Number: 04334254 Notes Current assets Debtors 4 Prepayments 5 Balance at bank and cash in hand Total current assets Creditors: amounts falling due within one year 6 Net current assets/(liabilities) Total assets less current liabilities Net assets Represented by Unrestricted general fund Designated funds Restricted funds	2022 £ 898 31,017 31,915 (420) 31,495 31,495 31,495 14,766 10,000 6,729 31,495	2021 £ 844 38,047
		38,891

		(981)

		37,910
		37,910

		37,910
		20,309 10,000 7,601
		37,910

For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities;

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the Trustees on_____and is signed on their behalf by:

Mr M Power Trustee

The Furnival

Notes to the accounts for the year ended 31 August 2022

1 Accounting policies:-

(a) Basis of preparation

The Financial Statements have been prepared in accordance with the Companies Act 2006, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS102 (effective from January 2015 and updated with effect from January 2016) - (the Charities SORP (FRS102)), as modified for smaller charities.

The Charity meets the definition of a public benefit entity as defined under FRS102.

(b) Accounting for income

Donations and sundry income are accounted for on receipts basis. Grant income and fee income are accounted for on an accruals basis, insofar as it is prudent to do so.

(c) Accounting for purchases with an expected life of more than one year

It has been considered prudent to write off the costs of such items in the year of purchase

2 Grants

Grants received during the year were:-

Awards for All Methodist Circuit People Keeping Well Sheffield City Council Raised Beds Sheffield City Council Play Group Sheffield City Council Jubilee Grant Sheffield Town Trust Verdon Street Enterprise 3 Staff numbers and costs:- Wages and salaries Pension	Unrestricted £ - 250 - - - - 3,000 12,500	Restricted £ 10,000 - 1,220 1,688 920 214 - - 14,042	Total £ 10,000 250 1,220 1,688 920 214 3,000 12,500
	15,750		29,792
	£ 26,346 666
	27,012

The average number of employees during the year was 2, all of whom were engaged in activities in furtherance of the objects of the charity.

No employees received emoluments in excess of £50,000 per year

Trustees are not remunerated. No trustees received reimbursement of out-of-pocket expenses.

The Furnival

Notes to the accounts (continued) for the year ended 31 August 2022

4 Debtors:- These refer to monies being due to the charity at the year end. They are in respect of:- Prepayment 6 Creditors and accruals These are expenses owed by the group but not paid during the accounting period. They are in respect of: Creditors Accruals 7 Restricted funds	2022 £ 898 898 2022 £ - 420 420	2021 £ 844
		844
		2021 £ 141 840
		981

Awards for All Brelms SOAR - People Keeping Well SOAR Soil Association Sheffield City Council Craft Club Sheffield City Council Welcome Space Sheffield City Council Raised Beds Sheffield City Council Play Group Sheffield City Council Jubilee Grant SYCF	Opening balance 01/09/21 £ - 1,029 - 775 742 391 2,664 - - - 2,001 7,601	Incoming resource s £ 10,000 - 1,220 - - - - 1,688 920 214 - 14,042	Outgoing resources £ (4,268) (1,029) (1,022) (775) (742) (391) (2,498) (1,378) (597) (214) (2,001) (14,915)	Closing balance 31/08/22 £ 5732 - 198 - - - 166 310 323 - -
				6,729