REGISTERED CHARITY NUMBER: 1154904
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2022
for
Foreward North Lincolnshire CIO
SKS Bailey Group Limited Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
Foreward North Lincolnshire CIO
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Foreward North Lincolnshire CIO
Report of the Trustees for the Year Ended 31 March 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society.
For the purpose of this clause 'socially excluded' means being excluded from society, or parts of society, as a result of one or more of the following factors: unemployment, financial hardship, youth or old age, ill health (physical and mental), substance abuse or dependency including alcohol or drugs, discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation or gender reassignment, poor educational skills or attainment, relationship and family breakdown, poor housing (either as a victim of crime or as an offender rehabilitating into society).
Public benefit
The trustees have had regard to the Charity Commission's guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity helps support a daycentre for people with disabilities, within North Lincolnshire.
FINANCIAL REVIEW
Reserves policy
There is currently no reserves policy in place.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a Charitable Incorporated Organisation and is controlled by its governing document. The charity was registered on 6th December 2013 under the Association model.
Recruitment and appointment of new trustees
Trustees are elected by membership following application, recommendation and assessment of suitability. All trustees are provided with information about the charity and training in respect of their role.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1154904
Principal address
45 Minster Road Scunthorpe North Lincolnshire DN15 7EP
Trustees
P S Silvester Trustee T P Parsons Trustee Miss T J A Allen Trustee M I Inkson Trustee G Martin Trustee
Page 1
Foreward North Lincolnshire CIO
Report of the Trustees for the Year Ended 31 March 2022
Approved by order of the board of trustees on 9 May 2023 and signed on its behalf by:
P S Silvester - Trustee
Page 2
Foreward North Lincolnshire CIO
Statement of Financial Activities for the Year Ended 31 March 2022
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies - - Investment income 2 11 - Total 11 - EXPENDITURE ON Raising funds - 2,340 Charitable activities General 4,371 375 Total 4,371 2,715 NET INCOME/(EXPENDITURE) (4,360) (2,715) Transfers between funds 8 (1,590) 1,590 Net movement in funds (5,950) (1,125) RECONCILIATION OF FUNDS Total funds brought forward (2,284) 11,217 TOTAL FUNDS CARRIED FORWARD (8,234) 10,092 |
2022 Total funds £ - 11 11 2,340 4,746 7,086 (7,075) - (7,075) 8,933 1,858 |
2021 Total funds £ 500 15 515 - 596 596 (81) - (81) 9,014 8,933 |
|---|---|---|
The notes form part of these financial statements
Page 3
Foreward North Lincolnshire CIO
Balance Sheet 31 March 2022
| Unrestricted Restricted fund funds Notes £ £ CURRENT ASSETS Debtors 5 244 22 Cash at bank - 11,217 244 11,239 CREDITORS Amounts falling due within one year 6 (8,478) (1,147) NET CURRENT ASSETS/(LIABILITIES) (8,234) 10,092 TOTAL ASSETS LESS CURRENT LIABILITIES (8,234) 10,092 NET ASSETS (8,234) 10,092 FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS |
2022 Total funds £ 266 11,217 11,483 (9,625) 1,858 1,858 1,858 (8,234) 10,092 1,858 |
2021 Total funds £ 297 11,217 11,514 (2,581) 8,933 8,933 8,933 (2,284) 11,217 8,933 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 9 May 2023 and were signed on its behalf by:
P S Silvester - Trustee
The notes form part of these financial statements
Page 4
Foreward North Lincolnshire CIO
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
TAXATION
The charity is exempt from tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Deposit account interest | 11 | 15 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Page 5
continued...
Foreward North Lincolnshire CIO
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
| 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies - 500 Investment income 15 - Total 15 500 EXPENDITURE ON Charitable activities General 596 - NET INCOME/(EXPENDITURE) (581) 500 RECONCILIATION OF FUNDS Total funds brought forward (1,703) 10,717 TOTAL FUNDS CARRIED FORWARD (2,284) 11,217 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Trade debtors 22 Prepayments 244 266 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Bank loans and overdrafts (see note 7) 1,989 Trade creditors 7,316 Other creditors 320 9,625 |
Total funds £ 500 15 515 596 (81) 9,014 8,933 2021 £ 22 275 297 2021 £ 1,996 - 585 2,581 |
|---|---|
Trade creditors in the year under review include £6,731 owed to Foresight North East Lincolnshire Ltd. (connected charity) and £584 towards accountancy fees.
Page 6
continued...
Foreward North Lincolnshire CIO
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
7. LOANS
An analysis of the maturity of loans is given below:
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Amounts falling due within one year on demand: | ||||||
| Bank overdrafts | 1,989 | 1,996 | ||||
| 8. | MOVEMENT IN FUNDS | |||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.21 | in funds | funds | 31.3.22 | |||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General fund | (2,284) | (4,360) | (1,590) | (8,234) | ||
| Restricted funds | ||||||
| Restricted Fund - Humber Learning | ||||||
| Consortium | - | (1,590) | 1,590 | - | ||
| Restricted Fund - Rank Foundation | 3,000 | (1,125) | - | 1,875 | ||
| Restricted Fund - Humber Reach | ||||||
| Foundation | 8,217 | - | - | 8,217 | ||
| 11,217 | (2,715) | 1,590 | 10,092 | |||
| TOTAL FUNDS | 8,933 | (7,075) | - | 1,858 | ||
| Net movement in funds, included in the above are as follows: | ||||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 11 | (4,371) | (4,360) | |||
| Restricted funds | ||||||
| Restricted Fund - Humber Learning | ||||||
| Consortium | - | (1,590) | (1,590) | |||
| Restricted Fund - Rank Foundation | - | (1,125) | (1,125) | |||
| - | (2,715) | (2,715) | ||||
| TOTAL FUNDS | 11 | (7,086) | (7,075) |
continued...
Page 7
Foreward North Lincolnshire CIO
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.20 | in funds | 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | (1,703) | (581) | (2,284) |
| Restricted funds | |||
| Restricted Fund - Rank Foundation | 2,500 | 500 | 3,000 |
| Restricted Fund - Humber Reach | |||
| Foundation | 8,217 | - | 8,217 |
| 10,717 | 500 | 11,217 | |
| TOTAL FUNDS | 9,014 | (81) | 8,933 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 15 | (596) | (581) |
| Restricted funds | |||
| Restricted Fund - Rank Foundation | 500 | - | 500 |
| TOTAL FUNDS | 515 | (596) | (81) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.4.20 | in funds | funds | 31.3.22 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | (1,703) | (4,941) | (1,590) | (8,234) |
| Restricted funds | ||||
| Restricted Fund - Humber Learning | ||||
| Consortium | - | (1,590) | 1,590 | - |
| Restricted Fund - Rank Foundation | 2,500 | (625) | - | 1,875 |
| Restricted Fund - Humber Reach | ||||
| Foundation | 8,217 | - | - | 8,217 |
| 10,717 | (2,215) | 1,590 | 10,092 | |
| TOTAL FUNDS | 9,014 | (7,156) | - | 1,858 |
continued...
Page 8
Foreward North Lincolnshire CIO
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 26 | (4,967) | (4,941) |
| Restricted funds | |||
| Restricted Fund - Humber Learning | |||
| Consortium | - | (1,590) | (1,590) |
| Restricted Fund - Rank Foundation | 500 | (1,125) | (625) |
| 500 | (2,715) | (2,215) | |
| TOTAL FUNDS | 526 | (7,682) | (7,156) |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 9
Foreward North Lincolnshire CIO
| INCOME AND ENDOWMENTS Donations and legacies Grants Investment income Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Learning tutors Charitable activities Insurance Support costs Management Postage and stationery Advertising Rent Premises expenses Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net expenditure |
Detailed Statement of Financial Activities for the Year Ended 31 March 2022 2022 2021 £ £ - 500 11 15 11 515 2,340 - 545 240 216 - 334 - 3,000 - 326 - 3,876 - 5 60 320 296 7,086 596 (7,075) (81) |
|---|---|
This page does not form part of the statutory financial statements
Page 10