Fairways Accommodation Support Trust Charity No. 1155306 Company No. 08493152 Trustees, Report and Unaudited Accounts For the year ended 30 Aprll 2025 Or(/Jdrd.4ccb/ii/li717t.r C/Jcirtered Certi]iedAc6'01411tdiit.f T/)e Old CoAit/Jo/i.rE A,'eii, RoadAI,Iene C"/Jd/lJaii/ .IIE4 6BF
Fairways Accommodation Support Trust Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities 2to4 Balance Sheet Notes to the Accounts 8t015 Detailed Statement of Financial Activities 16to17 Page I
Fairways Accommodation Support Trust 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, orphan5 3nd widowers in the community. Page 3
Fain•4aysAccommodation Support Trust 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 2025. REFERENCE AND ADMINISTRATIVE DEfAILS Company No. 08493152 Charity No. 1155306 Principal Offite Medwayvoluntary Action Building 5a New Road Avenue Chatham Kent ME46BB Registered Offlce 99-101 High Street Chatham Kent ME44DL Directors and Trustees The Directors of the charitable company are its Trustees for the purposes of cha rity law. The following Directors and Trustee.£ served during thL year.. Alaba Adeniyi Adetunji Gillian Lambo Kim Mi115 Kayode Obansa Oriyomi Olufemi Caroline Adetuni Accountants Orchard Accountants The Old Courthouse New Road Avenue Chatham Kent ME4 6BE Bankers Barclays Bank PIC Page 2
FaifwaysAccommodation Support Trust Independent Examiners Report Independent Examiner's Report to thetrustees of Fairways Accommodation Support Trust I report to the ch3rity trustees on my examination of the accounts of Fairways Accommodation Support Trust for the year ended 30 April 2025 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 land also its directors for the purposes of com pany lawl you are responsible for the preparation of the accounts in accordance with the requirements Df the Companies Act 20061'the 2006 Act. Having satisf led myself that the accounts of the charity are not required to be audited u nder 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 carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrylng out my examination I have followed the Direction5 given by the Charity Commi55ion under settion 145151{bl of the 2011 Act. Independentexaminer'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 conf irm 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 acco unts di) 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 15 not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with the Charities SORP IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to whlch attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. mi Alakija FCCA Orchard Accountants The Old Courthouse New Road Avenue Chatham Kent ME46BE 18 February 2026 Page S
Fairways Accommodation Support Trust Trustees Annual Report FINANCIAL REVIEW The Statement of Financial Activities shows an income from the year of £460,41112024- £442,572) and total expenditure of £413,696 {2024 £4S5,6821 leaving a surplus for the year of £46,715112024 - £13,110 deficit}. The net surplus of the charity as at 30th April 202S was £69,329 {2024- £22,614). 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 months, expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities wh ile consideration is given to ways in which additional fund5 may be raised. This level of reserves was not ma intained throughout the year. The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are i n place to mitigate exposure to the major risks. STRucfuRE, GOVERNANCE AND 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 a nd is governed under its Articles of Association as amended by a special resolution dated 3rd January 2014.1 n the event of the company bein8 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 empathy with the objectives of the Charity. The Trustees are responsible for keÉ'ying proper accounting records +hat disclose with reasonoble accuracy at any time the financlal position of the charity and enable them to ensure that the financial statements complv 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 accordance with the Charities SORP IFRS 1021. Signed on behalf of the board Gillian Lambo Trustee 18 February 2026 Page 4
Fairways Accommodation Support Trust 8alance Sheet At 30 April 2025 Company No. 08493152 Notes 2025 2024 Fixed assets Tangible assets 15,821 15,821 21,095 21,095 Current assets Stocks Debtors Cash at bank and in hand 12 15,646 55.540 8,984 80,170 124, 1621 56,008 17,611 14,500 4,855 36.966 122,1141 14,852 13 Creditors." Amount falling due within one year Net current assets 14 Total asset5 less current Ilabilltles 71.829 35,947 Credltors: Amounts falling due after more than one year Net assets excluding penslon asset or liabillty Total net assets 00 69,329 22,614 69,329 22,614 The funds of the charity Restrl£ted funds Unrestri¢ted funds General funds 16 16 69,329 22,614 69,329 22,614 Reserves 16 Total funds 69,329 22,614 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companie5. For the year ended 30 April 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relatin8 to small companies. 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 Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 18 February 2026 and signed on it5 behalf Alaba Adeniyi Adetunji Page 7
FairwaysAccommodation Support Trust Statement of Financial Activities For the yemr ended 30 April 2025 Unrestricted funds Total funds Total fund5 2025 2025 2024 Notes Income and endowments from.. Donations and legacies Other 460,411 460,411 442,572 Total 460.411 460,411 442,572 Expenditureon: Charitable activitles Other 304,259 109,437 304,259 109,437 340,019 115,663 Total 413,696 413,696 455,682 Net gains on investments Net income/(expenditurel Transfers between funds 46,715 46,715 113,1101 Net income/{expenditurel before other gains/(105ses} 46,715 46,715 {13,1101 Other gains and1055e5 Net movement In funds 46,715 46,715 (13,1101 Reconciliation of funds: Total funds brought forward 22,614 22,614 35.724 Total funds carried forward 69,329 69,329 22,614 Page 6
Fairways Accommodation SupportTrust Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VA T which cannot be f ully recovered and is reported as part of the expenditu re to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management cost5. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and harita ble activities services in the furtherance 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 appraved by the trustee5 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 cost5 not allocated to a particu13r activity. Grants payable Governance costs Other expenditure Taxation The charity Is exempt f rom corporation tax on its charitable activities. Tangible fixed assets and depreciation Depreciation is provided at the following annual rates In order to wrlte off each asset over its estlmated useful life.. Motor vehicles Flxtu res, fittings & Èquipment 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 item5 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 Dr less and bank overdrafts. In the statement of financial p051tion. bank overdrafts are shown within borrowing5 or current liabilities. In the Statement of Cash Flows. cash and cash equivalent5 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 Account5 For the year ended 30 April 2025 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 leffective I January 20151 (Charities SORP IFRS 10211, the Financia l Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Change in basis of accounting or to 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 8eneral objects of the charity, 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 Recognition of income Income is included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income car¥ be measuréd witli sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Income f rom tax reclaims is included in the SOFA at the same time as the gift/donation to which it relate5. These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and m3teri31. Tax reclaims on donations and gifts Donated services and facilities 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/l losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/l 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 2 Company status The company is a private company limited by guarantee and consequently does not have share capital. 3 Statement of Financial Activities . prior year Unrestricted fund5 Total funds 2024 2024 Income and endowments from: Donations and legacies Other 442,572 442,572 Total 442,572 442,572 Expenditure on: Char5table activities 340,019 115,663 340,019 115,663 Other Total 455,682 455,682 Net income 113,1101 113,110) Net income before other gainslllossesl Other gains and105se5; Net movement in funds {13,1101 113,1101 113,1101 113,1101 Reconciliatioii of fLnds: Total funds brought forward Total funds ¢arried forward 35,724 35,724 22,614 22,614 4 Income from donations and le8acies Unrestricted Totsl 2025 Total 2024 Housing and Support Donation5 402,370 18,320 39,721 460,411 402,370 18,320 39,721 460,411 311,472 99,323 31,777 442,572 Food donations 5 Other income Unrestricted Total Total 2025 2024 Government Grant Page 11
Fairw3ysAccommodation Support Trust Notes to the Accounts Trade and other creditors Short term creditors are measured at the transaction price. Other creditor 5 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 Monetary 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 cu rrency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange difference5 are taken into account in arriving at net income/expenditure. Leased assets Where the charity enters into 3 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 substa ntially al I the risk5 and re13rdS 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 15 Included in the balance sheet date as a finance lease obligation, Lease payments are apporiioiiKafj betwee,i TiYap.r,? e¥ryp.1lses rtncl reduclion of the lease obl igation so as to achleve a constant rate of inTerest on the remaining balance ol the liability. Finance expenses a re 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 f inance leases are depreciated in the same way as owned assets. Operatin8 lease payments are recognised a5 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 reco8nised as a liability. The aggregate benefit of incentives is retogni5ed as a reduction of rental expense on a straight-line basis. Pension costs The charity operates a def ined contribution plan for its employees. A def ined contribution plan is a pension plan under which the com pany pays f ixed 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 a re held separately from the company in independently administered funds. Receipt of donated goods, facilities and SeIte5 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 Suppoft. Truit Note5 to the Accounts 10 Staff costs Salaries and wages Social security costs Pension costs 70,551 66,996 3,198 773 858 No employee received emoluments in excess of £6LJ,GOO. The average number of employees employed by the trust amounted to 612024- 61. 11 Tangible flxed assets Motor vehicles FiKtures, f ittings & equipment Total C05t or revaluation At l May 2024 At 30 April 2025 Depreciation and impairment At l May 2024 Depreciation charge for the Year At 30 April 2025 Net book values 31,100 41,088 72,188 21,917 29,176 51,093 2,296 2,978 5,274 At 30 April 2025 At 30 April 2024 9,183 11,912 21,095 12 Stocks 2025 2024 Finished goods 15,646 15.646 17,611 Carrying value analysed by activities 2025 2024 Food given out 41,686 20,183 13 Debtors 2025 2024 Otherdebtors Prepayments and accrued income 51,640 3,900 10.000 4,500 Page 13
Fairways Accommodation SupportTrust Notes to the Accounts 6 Expenditure on charitable activities Unrestricted Total Total 2025 2024 Expenditure on charitoble activities Housing services Food given out Motor and travelling Light and heat 235,541 41,686 235,541 41,686 286,217 34,349 8.438 5,218 6,830 9,635 6,830 9,635 Governance costs Accountancy fees Legal and professional expenses 2,848 2,848 1,725 7,719 7,719 4,072 304,259 304,259 340.019 7 Other expenditure Unrestricted Total Total 2025 2024 Bank loan and overdraft interest payable 405 4n6 1,467 Employee costs Premises costs Amortisation, depreciation, impairment, prof it/loss on disposal of f ixed assets General administrative costs 71,409 20,965 71,409 20,965 75,935 21,022 S,274 5,274 7,032 16,657 114,711 16,657 114,711 10,207 115,663 8 Net income/(expendlturel before transfer5 2025 2024 This is stated after charging.. Depreciation of owned fixed assets 9 Trustee remuneration and expense5 One or more of the trustees has been paid remuneration in the Cltrrent or prior periods. Other benefits 5.274 7,032 Trustee Remuneration Pension Alaba Adeniyi Adetunji 29,862 709 Page 12
Fairways Accommodation SLlPPOrt Trust Notes to the Account5 18 Reconciliation of net debt Atlmay 2024 At 30 April Z025 Cash flows Cash and cash equivalents 4,855 4,855 4,129 4,129 8,984 8.984 Borrowings Bank loans 112,1141 123.333} 135,4471 {2,0481 10,833 8,785 114,1621 112,5001 126,6621 Net debt 30,592) 9_14 19 Commitments Operoting lease commitments Annual commitments under non-cancellable.?Derati¥iq leases are as follows.. 2025 2025 2024 Land and bulldin8S 2024 Land and buildings Other Other Operating leases with expiry date: Pension commitments 2025 2024 The penslon cost charge to the coinpanv amounted to.. 858 20 Related party disclosures Controlllng porty The company is limited by guarantee and has share capital,. th us no sin8le party controls the company. Page l_
Fairways Accommodation Support Trust Notes to the Accounts 14 Creditors: amounts falling due within one year 2025 2024 Other loans 10,000 11,246 10,DOO 9,198 Other taxes and social security Loans f rom trustees Other creditors Accruals and deferred income 116 116 2,800 2,800 24,162 15 Creditors: amountsfalling due after more than one year 2025 2024 Bank loans and overdrafts 2,500 13,333 16 Movement in funds In¢omln8 resources (including other At l May 8ains/losses 2024 Resourtes expended At 30 Aprll 2025 Restricted funds: Unrestrlcted funds: General fund5 22.614 460,411 1413,6961 69,329 Revaluation Reseryes: Total funds 17 Analysis of net assets between fund5 Unrestricted funds Total Fixed assets Net current assets 15,821 80,170 21.095 26,966 Creditors due in more than one year and provisions 12,5001 113,3331 Page 14
Fainvays Accommodation Support Tru5.. Detailed Statement of Financial Activitie5 For the year ended 30 April 202.5 Premises costs Rent Rates Premises cleaning 1,090 19,777 188 1,000 19,777 188 20,965 2,067 18,008 947 21,022 General administrative costs, including depreciation and amortisation Depreciation of Motor vehicles Depreciation of Fixtures, f ittings & equipment Bank charges General insurances Advertising Postage and couriers Software, IT support and related costs Stationery a nd printing Sundry expense5 Telephone. fax and broadband 2,296 2,978 2,296 3,061 2,978 3,971 129 129 176 1,167 1,167 3,281 1,275 2,288 1,275 1,887 87 2,288 947 2,596 2,981 16,657 947 529 1,644 2,603 17,239 2,596 2,981 16,657 Total of expenditure of other costs 109,437 109,437 115,663 Total expenditure Net gains on investmentr 413,696 413,696 455,682 Net Incomelexpenditurel 46,715 46,715 113.1101 Net incomellexpendlturel before other gain51(lossesl Other Gains Net movement in fund5 46,715 46,715 113,110) Reconciliation of funds: Total f unds brought forward 22,614 22,614 35,724 Total funds carried forward 69,329 69.329 22,614 Page 17
Fairways Accommodatlon Support Trust Detailed Statement of Financial Activities For the year ended 30 April 2025 Unrestricted funds 2025 Total funds 2025 Total fuTrds 2024 Income and endowments from: Donations and legacies Housing and Support Donations Food donations 402,370 18,320 39,721 460,411 402,370 18,320 39,721 460,411 311,472 99,323 31,777 442,572 Other Government Grant Total income and endowments 460,411 460,411 442,572 Expenditure on". Charitable activities Housing services Food given out Motor a nd travelling expenses Light and heat 235.541 41,686 6,830 9,635 235,541 41,686 6,830 9,635 286,217 33,349 8,438 5,218 293,692 293,692 334,222 Governance costs Accountancyfees Legal and professional expenses 2.848 7,719 2.848 1,725 4,072 7,719 10,567 10,567 5,797 Total of expendlture on charitable activities 304,259 278,373 340,019 Other expenditure Bank loan and overdraft interest payable 406 406 1,467 406 406 1,467 Employee costs Salaries/wages Directors, remuneration Employer's NIC Pension costs staff training Temporary staff 34.407 29,862 34,407 29,862 36,995 30,000 3,198 773 858 858 6,282 71,409 6,282 71,409 4,969 75,935 Page 16