**REGISTERED CHARITY NUMBER: 1154904**
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2024
for
Foreward North Lincolnshire CIO
SKS Bailey Group Limited Suite 32/33 Normany Gateway, Lysaghts Way, Scunthorpe North Lincolnshire DN15 9YG
Foreward North Lincolnshire CIO
## Contents of the Financial Statements for the Year Ended 31 March 2024
|||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 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 2024
Approved by order of the board of trustees on 17 February 2025 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 2024
|Unrestricted
Restricted
fund
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Investment income
2
152
-
**EXPENDITURE ON**
Raising funds
-
-
**Charitable activities**
General
378
-
**Total**
378
-
**NET INCOME/(EXPENDITURE)**
(226)
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
(10,224)
10,092
**TOTAL FUNDS CARRIED FORWARD**
(10,450)
10,092|2024
Total
funds
£
152
-
378
378
(226)
(132)
(358)|2023
Total
funds
£
124
22
2,092
2,114
(1,990)
1,858
(132)|
|---|---|---|
The notes form part of these financial statements
Page 3
Foreward North Lincolnshire CIO
## Balance Sheet
## 31 March 2024
|Unrestricted
Restricted
fund
funds
Notes
£
£
**CURRENT ASSETS**
Cash at bank
-
11,217
**CREDITORS**
Amounts falling due within one year
5
(10,450)
(1,125)
**NET CURRENT ASSETS/(LIABILITIES)**
(10,450)
10,092
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
(10,450)
10,092
**NET ASSETS/(LIABILITIES)**
(10,450)
10,092
**FUNDS**
7
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2024
Total
funds
£
11,217
(11,575)
(358)
(358)
(358)
(10,450)
10,092
(358)|2023
Total
funds
£
11,217
(11,349)
(132)
(132)
(132)
(10,224)
10,092
(132)|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 17 February 2025 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 2024
## **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**|||
|---|---|---|
||2024|2023|
||£|£|
|Deposit account interest|152|124|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **TRUSTEES' EXPENSES**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Page 5
continued...
Foreward North Lincolnshire CIO
## Notes to the Financial Statements - continued for the Year Ended 31 March 2024
|**4.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Investment income
124
**EXPENDITURE ON**
Raising funds
22
**Charitable activities**
General
2,092
**Total**
2,114
**NET INCOME/(EXPENDITURE)**
(1,990)
**RECONCILIATION OF FUNDS**
Total funds brought forward
(8,234)
**TOTAL FUNDS CARRIED FORWARD**
(10,224)
**5.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 6)
Trade creditors
Other creditors|Restricted
funds
£
-
-
-
-
-
10,092
10,092
2024
£
8,280
2,249
1,046
11,575|Total
funds
£
124
22
2,092
2,114
(1,990)
1,858
(132)
2023
£
8,432
2,249
668
11,349|
|---|---|---|
Trade creditors in the year under review include £2250 owed to Foresight North East Lincolnshire Ltd. (connected charity).
Page 6
continued...
Foreward North Lincolnshire CIO
## Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **6. LOANS**
An analysis of the maturity of loans is given below:
||||2024|2023|
|---|---|---|---|---|
||||£|£|
||Amounts falling due within one year on demand:||||
||Bank overdrafts||8,280|8,432|
|**7.**|**MOVEMENT IN FUNDS**||||
||||Net||
||||movement|At|
|||At 1.4.23|in funds|31.3.24|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|(10,224)|(226)|(10,450)|
||**Restricted funds**||||
||Restricted Fund - Rank Foundation|1,875|-|1,875|
||Restricted Fund - Humber Reach Foundation|8,217|-|8,217|
|||10,092|-|10,092|
||**TOTAL FUNDS**|(132)|(226)|(358)|
||Net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|152|(378)|(226)|
||**TOTAL FUNDS**|152|(378)|(226)|
continued...
Page 7
Foreward North Lincolnshire CIO
## Notes to the Financial Statements - continued
## for the Year Ended 31 March 2024
## **7. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
||||Net||
|---|---|---|---|---|
||||movement|At|
||At 1.4.22||in funds|31.3.23|
|||£|£|£|
|**Unrestricted funds**|||||
|General fund|(8,234)||(1,990)|(10,224)|
|**Restricted funds**|||||
|Restricted Fund - Rank Foundation||1,875|-|1,875|
|Restricted Fund - Humber Reach Foundation||8,217|-|8,217|
||10,092||-|10,092|
|**TOTAL FUNDS**||1,858|(1,990)|(132)|
|Comparative net movement in funds, included in the above|are as follows:||||
||Incoming||Resources|Movement|
||resources||expended|in funds|
|||£|£|£|
|**Unrestricted funds**|||||
|General fund||124|(2,114)|(1,990)|
|**TOTAL FUNDS**||124|(2,114)|(1,990)|
|A current year 12 months and prior year 12 months combined position is as follows:|||||
||||Net||
||||movement|At|
||At 1.4.22||in funds|31.3.24|
|||£|£|£|
|**Unrestricted funds**|||||
|General fund|(8,234)||(2,216)|(10,450)|
|**Restricted funds**|||||
|Restricted Fund - Rank Foundation||1,875|-|1,875|
|Restricted Fund - Humber Reach Foundation||8,217|-|8,217|
||10,092||-|10,092|
|**TOTAL FUNDS**||1,858|(2,216)|(358)|
continued...
Page 8
Foreward North Lincolnshire CIO
## Notes to the Financial Statements - continued
## for the Year Ended 31 March 2024
## **7. 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|276|(2,492)|(2,216)|
|**TOTAL FUNDS**|276|(2,492)|(2,216)|
## **8. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
Page 9
Foreward North Lincolnshire CIO
|**INCOME AND ENDOWMENTS**
**Investment income**
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Bad debts
**Charitable activities**
Insurance
**Support costs**
**Management**
Rent
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net expenditure**|Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
2024
2023
£
£
152
124
152
124
-
22
-
244
-
1,500
378
348
378
2,114
(226)
(1,990)|
|---|---|
|||
This page does not form part of the statutory financial statements
Page 10