## FRIDAY MEDIA GROUP FOUNDATION Annual Accounts _ - **O** For the year ended 31 January 2021 Te ## FRIDAY MEDIA GROUP FOUNDATION ## Contents Contents Page Number Independent Examiner’s Report 1-2 Receipt and Payment Account 3 Statement of Assets and Liabilities 4 Trustees Annual Report 5-7 eee ## independent examiner’s report to the charity trustees of Friday Media Group Foundation | report on the accounts of the Trust for the year ended 31 January 2021, which are set out on pages3 to 4. ## Respective responsibilities of charity 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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - e examine the accounts under section 145 of the Charities Act, e to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - e to state whether particular matters have come to my attention. ## Basis of independent examiner’s report My examination was carried out in accordance with 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 the 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: 1 e to keep accounting records in accordance with section 130 of the Charities Act; and e to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 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: —& ral ## Name: ## ABID ASHRAF Professional qualification: Fellow of Chartered Certified Accountant (FCCA) Address: Suite 9, Kelvin House, Kelvin Way, Crawley RH10 9WE Date: 12/02/2022 2 FRIDAY MEDIA FOUNDATION P| Receipts and payments accounts 1156362 For the period 01/02/2020 fo. 31/01/2021 from Section A Receipts and payments Unrestricted Restricted Endowment Total funds Last year funds funds funds tothe nearest £ to the nearest£ to the nearest£ to the nearest£ to the nearest£ A‘ Receipts [TranferiCAF Charly AidFoundation | ———SSsS-|i[tid | SY |[55,000] | en ee |TS|ee |ES |EY i Gees |ee |eee Lee | see |ee |ee ee |ee eeee |ees |eek |es | ennee |a|ee |ee |eS [niSub |en ee |ee | total (Gross income for 60,000 60,000 652,376 AR) A2 Asset and investment sales, (see table). re es ee Subtotal] | A3 Payments JAccountingfeeOO es ||es 00 cost [Eundraising | Cr PN |TS |Ses |eee [BanktTCommissions CC CS™~“—;tCCYS es S™*~“t*é‘“~*~sétsB*YCOS Meee | po nee |ee |ee |ee | JSub |)ES |RE! Eee |Se total] toa] [I -d 8S A4 Asset and investment purchases, (see table) td + Sub total|____579,820| || Net of[receipts/(payments)] | AGAS Transfers between funds [| |SCOCSCS*SdSSSSCSdSC Cash funds lastyearend [| [|| Cash funds this yearend|-__524,628, [CC| ; = :JoE HNwWGEY#£ Sam“ KZidGEEé ; 3 **----- Start of picture text -----**
Section B Statement of assets and liabilities at the end of the period
Categori Det Unrestrictedfunds Restrictedfunds Endowmentfunds
to nearest £ to nearest £ to nearest £
(agree balances with receipts and payments
account(s))
Unrestricted Restricted Endowment
funds funds funds
Details to nearest £ to nearest £ to nearest£
Pas
Details Fund to which A Current value
a asset belongs Cost (optional) optional
—
Details Fundasset to belongs which Gost (optional): Currentoptional value
Details_ Fund to which Amount due When due
- =liability relates ‘optional =optional
Signed by one or two trustees on ;
behalf of all the trustees Signature Print‘ Name ea
approval
Saw Kabel
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## FRIDAY MEDIA GROUP FOUNDATION ## TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 JANUARY ## 2021 ## SECTION A : REFERENCE AND ADMINISTRATION DETAILS Charity name: The name of the Charitable Incorporated Organization (“the ClO”) is Friday Media Group Foundation. ## Registered charity number:1156362 Charity's principal address: Friday Media Group Foundation, 80 East St, Brighton BN1 1NF Names of the charity trustees who manage the CIO: 1. Christopher John Kidger 2. Sam Luke Kidger 3. Joel Benjamin Kidger Principle Administrator: Sam Luke Kidger Bankers: Barclays ## SECTION B: STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document: Friday Media Group Foundation is constituted as Charitable Incorporated Organization (“the ClO”) registered with charity commission on 20/12/2013 under charity number 1156362. It is governed by a constitution of foundation last updated on 20/12/2013 Organizational Structure: The members of the ClO shall be its charity trustees for the time being. The only persons eligible to be members ofthe CIO are its charity trustees. Membership of the ClO cannot be transferred to anyone else. The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits. Any charity trustee may call a meeting of the charity trustees. Su bject to that, the charity trustees 5 The objects of the CIO are to further such charitable purpose or purposes for the public benefit as the charity trustees shall think fit Summary of the main activities undertaken: Primarily trustees wanted to accumulate reasonable funds so that foundation can start towards its core objectives. ## SECTION D: Achievements and performance: Worked towards collecting funds: Researchers going to the project as we wish to achieve. ## SECTION E: Financial review Brief statement of the charity's policy on reserves: Foundation has been building up funds in the past to raise a reasonable amount so that we could start working on our objectives. This year we spent £564,350 on a venue and £15,170 on the Gym Equipment. The venue known as The Basement in Brighton is now the home ofthe FMG[Projects.] The[space][has][been][transformed][into][a] gym[and] community hub, where we run our own programmes and rent the space out to other groups, charities, and businesses. We know the power of sport and fitness and how it can change lives, so our aim is to provide opportunities for local young people to learn, grow and achieve through fitness-based coaching programmes in our state-of-the-art gym facility. Details of any funds materially in deficit: ## Section F: Other optional information (If any) ## Section G: Declaration The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees **----- Start of picture text -----**
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