Fairways Accommodation Support Trust
Charity No. 1155306
Company No. 08493152
Trustees. Report and Unaudited Accounts
For the year ended 30 April 2024
OrcbardAccountants
Chartered CertifiedAccoAntants
The Old Courthouse
New RoadAvenue
Chatbam
Kent
ME4 6BE

FairwaysAccommodation Support Trust
Contents
Pages
2to4
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
8t015
Detailed Statement of Financial Activities
16to17
Page I

FairwaysAccommodation SupportTrust
Trustees Annual Report
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the unaudited financial statements of the charity for the year ended 30 April 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 08493152
Charity No. 1155306
Prlnclpal Office
Medway Voluntary Action Building
5a New Road Avenue
Chatham
Kent
ME46BB
Registered Office
99-101 High Street
Chatham
Kent
ME44DL
Dlrectors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year..
Alaba Adeniyi Adetunji
Gillièn Lambo
Kim Mills
Kayode Obansa
Oriyomi Olufemi
Accountants
Orchard Accountants
The Old Courthouse
New Road Avenue
Chatham
Kent
ME4 6BE
Bankers
Barclays Bank PIC
Page 2

Fairways Accommodation SupportTrust
Trustees Annual Report
OBJECTIVES AND ACTIVITIES
The charity's objects are..
Accommodation and support provider for the homeless and vulnerable people in the community.
Supporting, promoting the independence of vulnerable adults in the community.
Outreach support to Non-Governmental organisations in West Africa.
Working with and supporting widows, orphans and widowers in the community.
Page 3

Fairways Accommodation Support Trust
Trustees Annual Report
FINANCIAL REVIEW
The Statement of Financial Activities shows an income from the year of £442,57212023 - £483,106} and total
expenditure of £455,68212023 - E541,2581 leaving a deficit for the year of (£13,110),12023 £58.152 deficit).
The net surplus of the charity as at 30th April 2024 was £22,61412023- £35,724).
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should
be maintained at a level equivalent to between three and six month's expenditure. The trustees considers
that reserves at this level will ensure that, in the event of a significant diop in funding, they will be able to
ontinue the charity's current activities while consideration is given to ways in which additional funds may be
raised. This level of reserves was not maintained throughout the year.
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.
STRUCTURE, GOVERNANCEAND MANAGEMENT
The organisation is a charitable company limited by guarantee, incorporated on 17th April 2013 and
registered as a charity on 13th January 2014. The company was established under a Memorandum of
Association dated 17th April 2013 which established the objects and powers of the charitable company and is
governed under its Articles of Association as amended by a special resolution dated 3rd January 2014. In the
event of the company being wound up, the members are required to contribute an amount not exceeding
£1.
Trustees are selected from people from all backgrounds who are familiar, and have an empathy, with the
objectives of the Charity.
The Trustee5 are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the
charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities,
The above report has been prepared in accordance with the provisions applicable to companies subject to
the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the
Charities SORP {FRS 102).
Si8ned on behalf of the board
Gillian Lambo
Trustee
24 February 2025
Page 4

Fairways Accommodation Support Trust
Independent Examiners Report
Independent Examiner's Report to the trustees of Fainvays Accommodation Support Trust
I report to the charity trustees on my examination of the accounts of Fairways Accommodation Support Trust
for the year ended 30 April 2024 which comprise the Statement of Financial Activities, the Summary Income
and Expenditure Account, the Balance Sheet and the related notes.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company lawl you are responsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006
Act.
Having satlsfied myself that the accounts of the charity are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your
charity's accounts as ca rried out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out
my examination I have followed the Directions given by the Charity Commission under section 145{5llbl of
the 2011 Act.
Independent examiner's statement
As 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 l am qualified to undertake the examination because l am a
member of ACCA.
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that..
accounting records were not kept in accordance with section 386 of the 2006 Act . or
the accounts do not accord with those records,. or
the accounts do not comply with the accounting requirements under section 396 of the 2006 Act 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; or
the accounts have not been prepared in accordance with the Charities SORP {FRS 1021,
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.
Mr Femi Alakija FCCA
Orchard Accountants
The Old Courthouse
New road Avenue
Chatham
Kent
ME4 6BE
24 February 2025
Page 5

FairwaysAccommodation SupportTrust
Statement of Financial Activities
For the year ended 30 April 2024
Unrestricted
funds Total funds Total funds
2024
2024
2023
Notes
Income and endowments
from:
Donations and legacies
Other
442,572
442,572
486,106
Total
442,572
442,572
486,106
Expenditure on:
Charitable activities
Other
340,019
115,663
340,019
115,663
404,975
136,283
Total
455,682
455,682
541,258
Net gains on investments
Net Income/(expenditure)
Transfers between funds
113,1101
113,1101
158,1521
Net income/(expendlture)
before other 8alns/{losses)
113,1101
113,1101
158,152)
Other gains and losses
Net movement in funds
113,110}
{13,1101
158,1521
Reconciliation of funds:
Total funds brought forward
35,724
35,724
93,876
Total funds carrled fonNard
22,614
22,614
35,724
Page 6

Fairways Accommodation Support Trust
Balance Sheet
At 30 April 2024
Company No.
Notes
2024
2023
08493152
Fixed assets
Ta ngible a55ets
li
21,095
21,095
28,127
28,127
Current assets
Stocks
12
17,611
14,500
4,855
36,966
122,1141
14,852
20,183
4,500
27,225
51,908
{21,810)
30,098
Debtors
13
Cash at bank and in hand
Creditors: Amount falling due within one year
Net current assets
14
Total assets less current liabilities
35,947
58,225
Credltors: Amounts falling due after more than one year
Net assets excluding penslon asset or liabllity
Total net assets
22
22,614
35,724
22,614
35,724
The funds of the charity
Restricted funds
Unrestrirted funds
General funds
16
16
22,614
35,724
22,614
35,724
Reseryes
16
Total funds
22,614
35,724
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relating to small companies.
For the year ended 30 April 2024 the company was entitled to exemption under section 477 of the
Companies Act 2006 relating to small companie5.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companie5 Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 16 April 2024 and
signed on its behalf by..
Alaba Adeniyi Adetunji
Trustee
24 February 2025
Page 7

Fairways Accommodation Support Trust
Notes to the Accounts
For the year ended 30 April 2023
l Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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 IFRS 1021 (effective I
January 2015) (Charities SORP I FRS 10211, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Act 2006.
Change In basis of accounting orto previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds
These are available for use at the discretion of the trustees in furtherance of the
general objects of the cha rity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Reco8nition of
income
Income is included in the Statement of Financial Activities {SoFAI when the charity
becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donation5 and
legacies
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services
These are only included in income (with an equivalent amount in expenditure)
and facilities
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/{lossesl on
This includes any gain or1055 resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains/{losses) on
investment assets
This includes any gain or loss on the sale of investments.
Page 8

Fairways Accommodation Support Trust
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
Expenditure on
These comprise the costs associated with attracting voluntary income, fundraising
raising funds
trading costs and investment management costs.
Expenditure on
These comprise the costs incurred by the Charity in the delivery of its activities and
charitable activities services in the furthera nce of its objects, including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any audit/independent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
These are support costs not allocated to a particular activity.
Grants payable
Governance costs
Other expenditure
Taxatlon
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life:
Motor vehicles
Fixtures, fittings &
equipment
25% written down value
25% written down value
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as
they arise.
Stocks
Stock is included at the lower of cost or net realizable value. Donated items of stock are recognised at
fair value which is the amount the charity would have been willing to pay for the items on the open
market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments With original maturities of three months or less and bank overdrafts.
In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Page 9

Fairways Accommodation Support Trust
Notes to the Accounts
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are
recognised where the charity has a present obligation resulting from a past event that will probably
result in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors and provisions are normally recognised at their settlement
amount after allowing for any trade discounts due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Moneta ry assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of
ownership of an asset, the lease is treated as a f inance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the
inception of the lease or, if lower, at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as
to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
recognised immediately, unless they are directly attributable to qualifying assets, in which case they are
capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been paid, the company has no further payments obligations. The contributions are
recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
Page 10

Fairways Accommodation Support Trust
Notes to the Accounts
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Statement of Financlal Activities- prior year
Unrestricted
funds Total funds
2023
2023
Income and endowments from:
Donations and legacies
Other
453,546
29,560
453,546
29,560
Total
483, 106
483,106
Expenditure on:
Charitable activities
404,975
404,975
136,283
Other
136,283
Total
541,258
541,258
Net income
{58,1521
158,1521
Net income before other
gains/{losses)
Other galns and losses..
Net movement in funds
158,1521
(58,1521
158,1521
158,1521
Reconclllation of funds:
Total funds brought forward
Total funds carried forward
93,876
93,876
35,724
35,724
4 Income from donatlons and legacles
Unrestricted
Total
Total
2024
2023
Housing and Support
Donations
311,472
99,323
31,777
442,572
311,472
99,323
31,777
442,572
360,212
93,334
29,560
483,106
Food donations
5 Other income
Unrestricted
Total
Total
2024
2023
Government Grant
Page 11

Fairways Accommodation SupportTrust
Notes to the Accounts
6 Expenditure on charitable activities
Unrestricted
Total
Total
2024
2023
Expenditure on choritable
activities
Housing services
Food given out
Motor and travelling
Light and heat
286,217
34,349
8,438
5,218
286,217
34,349
8,438
5,218
353,742
17,890
12,238
3,522
Governonce costs
Accountancy fees
Legal and professional
expenses
1,725
1,725
3,071
4,072
4,072
14,512
340,019
340,019
404,975
7 Other expenditure
Unrestrlrted
Total
Total
2024
2023
Bank loan and overdraft
interest payable
1,467
1,467
500
Employee costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
75,935
21,022
75,935
21,022
89,554
24,682
7,032
7,032
9,375
10,207
115,663
10,207
115,663
12,171
136,282
8 Net Income/(expenditure) before
transfers
2024
2023
This is stated after charging:
Depreciation of owned fixed assets
9 Trustee remuneration and expenses
One or more of the trustees has been paid remuneration in the current or prior periods.
Other
benefits
7.032
9,375
Trustee
Alaba Adeniyi Adetunji
Remuneration
30,000
Pension
773
Page 12

Fairways Accommodation Support Trust
Notes to the Accounts
10 Staff costs
Salaries and wages
Social security costs
Pension costs
66,996
3,198
773
66,430
2,879
2.171
No employee received emoluments in excess of £60,000.
The average number of employees employed by the trust amounted to 6 {2023- 6}.
11 Tangible fixed assets
Motor
vehicles
Flxtures,
fittings &
equipment
Total
Cost or revaluation
At l May 2023
At 30 April 2024
Depreclation and
Impalrment
At l May 2023
Depreciation charge forthe
year
At 30 April 2024
Net book values
31,100
41,088
72,188
18,856
25,205
44,061
3,061
3,971
7,032
At 30 April 2024
At 30 April 2023
12 Stocks
2024
2023
Finished goods
17,611
20,183
Carrying value analysed by actlvities
2024
2023
Food given out
31,777
20,183
13 Debtors
2024
2023
Trade debtors
Prepayments and accrued income
14,500
4,500
Page 13

Fairways Accommodation Support Trust
Notes to the Accounts
14 Creditors:
amounts falling due within one year
2024
2023
Other loans
Other taxes and social security
Loans from trustees
Other creditors
Accruals and deferred income
10,000
9,198
9,166
4,357
116
2,800
22,114
5,507
2.400
21,810
15 Creditors:
amounts falling due after more than one
year
2024
2023
Bank loans and overdrafts
13,333
22,501
16 Movement In funds
Incomlng
resources
(includlng
other
At l May gains/losses
2023
Resources
expended
At 30 April
2024
Restrlcted funds:
Unrestricted funds:
General funds
35,724
442,572
1455,6821
22,614
Revaluation Reserves:
Total funds
17 Analysls of net assets between funds
UnrestrScted
funds
Total
Fixed assets
Net current assets
21,095
26,966
28,127
51,908
Creditors due in more than one year and
provisions
113,333)
(22,5011
57
Page 14

Fainvays Accommodation SupportTrust
Notes to the Accounts
18 Reconciliation of net debt
Atlmay
2023
At 30 April
2024
Cash flows
Cash and cash equivalents
27,225
27,225
122,370)
{22,3701
4,855
4.855
Borrowing5
Bank loans
112,264)
131,667)
143,9311
150
112,114}
{23,3331
135,447)
8,334
8,484
Net debt
19 Commitments
Operoting leose commitments
Annual commitments under non-cancellable operating leases are as follows:
2024
Land and
buildings
2024
2023
2023
Other
Land and
buildings
Other
Operating leases with expiry date:
Pension commltments
2024
2023
The pension cost charge to the company
amounted to..
20 Related party dlsclosures
Controlling porty
The company is limited by guarantee and has no share capital,. thus no single party controls the
company.
Page 15

Fairways Accommodation Support Trust
Detailed Statement of Financial Activities
For the year ended 30 April 2024
Unrestricted
funds
2024
Total funds
2024
Total funds
2023
Income and endowments from:
Donations and legacies
Housing and Support
Donations
311,472
99.323
31,777
442,572
311,472
99,323
31,777
442,572
360,212
93,334
29,650
483,106
Food donations
Other
Government Grant
Total income and endowments
442,572
442,572
483,106
Expendlture on:
Charitable activities
Housing services
Food given out
Motor and travelling expenses
Light and heat
286,217
34,349
8,438
5,218
286,217
34,349
8,438
5,218
353,742
17,890
12,238
3,552
334,222
334,222
387,392
Governance costs
Accountancy fees
Legal and professional expenses
1.725
1.725
3,071
14,512
4,072
4,072
5,797
5,797
17,583
Total of expenditure on
charitable actlvltles
340.019
340.019
404,975
Other expenditure
Bank loan and overdraft
interest payable
1,467
1,467
550
1,467
1,467
500
Employee costs
Salaries/wages
Directors, remuneration
Employer's NIC
Pension costs
Staff training
Temporary staff
36,995
30,000
3,198
773
36,995
30,000
3,198
773
43,181
23,250
2,879
1,013
14,676
4,555
89,554
4,969
75,935
4,969
75,935
Page 16

Fairways Accommodation Support Trust
Detailed Statement of Financial Activities
Premises costs
Rent
2,067
18,008
947
21,022
2,067
18,008
947
7,030
16,885
767
Rates
Premises cleaning
21,022
24,682
General administrative costs,
including depreciation and
amortisation
Depreciation of Motor vehicles
Depreciation of Fixtures,
fittings & equipment
Bank charges
General insurances
3,061
3,971
3,061
4,081
5,294
3,971
176
176
243
3,281
3,281
1,489
603
Advertising
Postage and couriers
Software, IT support and
related costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
1,887
1,887
2,252
87
87
iii
529
529
906
1,644
2,603
17,239
1,644
2,603
17,239
3,397
3,171
21,547
Total of expendlture of other
costs
115,663
115,663
136,283
Total expendlture
Net gains on investments
455,682
455,682
541,258
Net incomel(expenditure)
113,110}
113,1101
158,1521
Net income/(expenditure) before
other galns/(losses)
Other Gains
Net movement in funds
{13,1101
{13,110)
{58,1521
Reconclllation of funds:
Total funds brought forward
35,724
35,724
93,876
Total funds carried forward
22,614
22,614
35,724
Page 17