THE FENNER FROST FOUNDATION UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023 JENNIFER M RICHARDSON LIMtTED 32 Ststion Road Rainham Gillingham Kent ME8 7PH The Fenner Frost Foundation Contents of the Unaudited Accounts For The Year Ended 31 July 2023 Contents Paye Buslnes5 Details Approval Profit and Loss Account Balance Sheet Notes to the Accounts The Fenner Frost Foundation Business Detsils For The Year Ended 31 July 2023 Proprietor Mr The Fenner Fr05t Foundation Accountants JENNIFER M RICHARDSON UMITED 32 Station Road Rainharn Gillingham Kent ME8 7PH Page I The Fenner Frost Foundation Accounts Approval Statement For The Year Ended 31 July 2023 l approve these unaudited accounts whlch comprfse a Profit and Loss Account. Balance Sheet and related notes. I acknowledge my responsibility for the accounts including the provision of all the Information and explanations necessary for the tompletion. Slgned Mr The Fenner Frost Foundation Page 2 The Fenner Frost Foundation Profit and Loss Account For The Year Ended 31 July 2023 1023 2022 Turnover student Fees Product Sales Grant5 Fundraising and donations 45,298 7,855 12.413 2.303 40,773 7,992 3,000 2.281 67,869 54,046 Cost of Sales Purchase5 other d1￿¢1 costs 1,345 425 450 450 1,770 GROSS PROFIT 67.419 52.276 other Incom• Bank interest recelvable S42 67,961 52,277 Expendlture Wages and salades Ernployers pen51ons - defined contrlbutlons Sc￿rne Health and safety costs Uniforms and clothing Travel and subslstence expenses Rent Llght and heat Water rate5 Cleaning Security costs Vehicle fuel costs Computer software, consumables and malntenan Repairs, renewa15 and rnalntenance Insurance Printing, postage and stationery Advertising and marketing costs Tralnlng semlnars and workshops Telecornmunications and data costs Licence5 and subscriptions Bank charges Charitable donarions Social events and student glfts Sundry expenses 48,$87 917 60 162 48,069 365 206 459 336 10,800 878 146 263 70 10,800 772 127 246 iio 90 974 320 747 486 558 528 539 699 90 537 590 35 55 513 257 95 2.528 412 4,560 717 68.678 7D,025 17171 117.7481 -CONTINUED Page 3 The Fenner Frost Foundation Profit and Loss Account {continued) For The Year Ended 31 July 2023 Depreciation Depreciation 591 591 17171 118,3391 Finance Costs Bènk Interest payable 171 NET LOSS 1717} 118.3321 Page 4 The Fenner Frost Foundation Balance Sheet As At 31 July 2023 2023 2022 FIXED ASSETS Tangible Assets CURRENT ASSETS Cash at bank and in hand 1,853 1,773 59,386 60,312 CURRENT LIABILITIES Trade creditors Other Taxes and Socièl Security other credltors 449 474 103 577 NET CURRENT ASSETS 58,938 59,735 TOTAL ASSETS LESS CURRENT LIABILITIES 60,791 61.508 NET ASSETS 60,791 61.508 CAPITAL ACCOUNT Balance at l August 2022 ProfltllLossl for the perlodlyear 61,508 17171 79,840 118,3321 Balanc• Carrled Fon¥ard 60,791 61,508 Page 5 The Fenner Frost Foundation Notes to the Accounts For The Year Ended 31 July 2023 l. Accountlng Pollcy These unaudited accounts have been completed in accordance with UK Generally Accepted Accounting Practice guidelines and provides sufficient and relevant information to enable cornpletion of a tax return. 2. Tangible Assets Plant & Machin*ry Fixtures & Fitting¥ Total Cost As at l August 2022 6,316 80 6,396 As at 31 July 2023 6,316 80 6,396 Depretlatlon As at l August 2022 4,543 4,543 As at 31 July 2023 4,543 4.543 Net Book Value As at 31 July 2023 1,773 60 1,853 As at l August 2022 1,773 80 1,853 Page 6 ## The Fenner Frost Foundation ## - CIC Registration 1167049 – Trustees Annual Report 2022/23 The Fenner Frost Foundation is a CIO that was registered on the 11th May 2016. The aim of the Fenner Frost Foundation is to support people with a learning disability to develop the skills required to access paid employment opportunities. They are supported to set up retail businesses, being involved with all aspects of running that business, including identifying and sourcing stock, serving customers, handling money and undertake general shop duties. Its charitable objectives are to advance the education of adults with learning difficulties by developing their skills, capacities and capabilities, enabling them to participate positively in society as independent, mature and responsible adults. We seek to promote social inclusion for adults with learning difficulties who are socially excluded by providing them with an opportunity to build capacity by establishing and growing a business to relieve the needs of those people and assist them to integrate into society. Since its creation at the start of May 2016 the Fenner Frost Foundation has continually provided an excellent level of support to its service users and a useful service to the local community. The charity provides education and work experience for its end users via the operation of a secondhand record/music shop in Sittingbourne called RPM (Reaching People through Music). The Fenner Frost foundation had a very successful year, supporting its students and achieving its charitable objectives through its work at the RPM shop, outreach activities and improving the social wellbeing, independence and confidence of its learners. Over this operational year the Fenner Frost Foundation, operating via the RPM shop in Sittingbourne, has achieved the following; - _Expanded student numbers slightly and provided training and work experience to 17 individual learners aged between 21 and 54 years of age with a range of impairments and learning difficulties._ - _Provided or facilitated its learners with over 5,000 hours of work-based training and experience of retail operations and other work placements._ - _Significantly grew grant revenues and raised over £12,000 though 3rd party grants._ - _Received over 6,150 individual vinyl albums, singles, CD’s, cassettes and DVDs donated by the general public, keeping them out of landfill, recycling them and providing the local community of Sittingbourne with an opportunity to visit and purchase these types of products._ Operational items of note for the year include; - _In December 2022 the Charity was nominated and won the Culture award at a local community award ceremony. The award celebrates those who have made a significant contribution to their local area by adopting a positive cultural approach in improving the local environment, promoting inclusivity and broadening the reach of Sport, Leisure, Health, Education and Culture._ - _Staff and students attended a number of local conferences and networking events promoting the charity, exploring work support and discovering suitable community activities._ - _The charity now holds a monthly karaoke and pizza social events for the students, which allows them to strengthen relationships and grow confidence in a safe environment._ - _Students took part in a variety of social and sporting activities including golf, archery, lasertag, pantomime and social lunches._ - _The charity had 6 laptops kindly donated by East Kent College._ - _The charity again organised for all students to take a short break away at Harts Holiday Park, Leysdown, to support student interaction and independence._ In relation to external work experience or paid work the Charity has had continued good success with its students over 2022 & 2023 and expanded the range and amount students who have been supported to gain work. We can report the following outcomes; - _A student continues to volunteer at a local Charity Shop in Sittingbourne. They are responsible for window dressing the store each week._ - _One student volunteers weekly at an Estate agents, supporting with admin. tasks._ - _Two students volunteer weekly in a local café._ - _Three students volunteer at various Co-op stores in the local area._ - _A student volunteers at Asda on a weekly basis._ - _Students with paid employment has increased by one to three. One of the students is employed in an accountants doing administration and two are now paid by the charity, working every other Saturday in the RPM store._ The charity applied for and was provided with the following Grants in the 2022/23 financial year: - Swale Borough Council Members grant - £400 - Cleary Foundation grant - £1,000 - National Lottery award - £10,000 - Kent Community Foundation grant - £1840 This financial year saw a 25% growth in revenue vs 2021/22. This improvement was due to an increase in student fees and grants received. Costs have stayed static or declined very slightly vs previous year, which is an excellent result given recent inflationary challenges. This then has resulted in a small operational loss of under £1,000. In reserve the Charity holds over 10 months’ worth of cash, which the trustees consider adequate. As 2022/23 saw an excellent level of grant revenue, in future periods the charity will need to continue to seek solutions to grow its revenue to be operationally sustainable. The FFF trustees would once again like to record their thanks to the Fenner Frost team for their continued hard work and dedication in their ongoing support of our students and the operation of RPM & FFF. _**Jon Hymus**_ Chair – The Fenner Frost Foundation November 2023 ## Liz Hymus Trustee - The Fenner Frost Foundation November 2023