The Fenner Frost Foundation CIC Re istration - 1167049 Trustees Annual Re 0rt-2023 24
The Fenner Fr05t Foundion Is a CIO that was registtted on the Ilth May 2016. The aim of the Fenner Frost Foundation i5to support people with a leaming disability to developthe skills required to access paid employrnent opportunitles. They are supported to set up retail buslnesses, being invdved with all aspects of rurrun8 that business. indudlng Identifyif¥ and 50urctng stock, ser¥ing (Jjstomets, handlire m(rtw arnl undertake general sw dutles. Its tharitsble obfvctsves areto thaTh the education of adults with learning dlfflcuttles by developir¥ their sklll4 capacities and capabilitie8 enablir them to partiapate positively in Society as independent, mature and responslble aduk We seek to promote social induslon for adults with leamin8 difficulties who are wcially exduded bv providing them with an oppc¥tunfty to build capadty by establlshlng and 8rowin8 a business to relieve the needs of those people and asstst them to integrate into soriety. Slnce its creation at the start of May 2016 the Fr05t Foundatlon has contlnually provided an excellent level of supportto its Servi users and a useful service to the local oynmunity. The charlty provldes educatlon and work expvlence for Its end users vta the operlon of a second- hand recordlmusic shop in Sitti"ngLM)ume called RPM IReathin8 People through Music).
The Fenner Frost foundatlon had a very successful year, supporting its students and athieving its tharitable objecttves through its work at the RPM shop, outreach artivities and irnproving the SCKial wellbein& Independen and Confiden of its learner5. Over this operational yearthe Fenner Fn)5t FndatIon. Operati via the RPM shop in Sitttngboume, has athieved the followi Provlded traningond lwxk experience to 16in(¥iduolleorners ogedbelween 23 ond43 years of oge o r(ge ofinpoirnnts ondleoming difficultie5. Provided orfvcilitotedits learners with over5,LU)hours oAworkkn5ed trainlng and experience of retailoptrotion5 andother wwkplacements. Received over 7,254 indlvldual VIn olbum4 &ngles ays Lussettes omlDVDs dffiotedby the geneml publi¢ keen9 them outoflondfill. recydlng them andprow'ding thelocGI communityoASittinqboume with on opptttunity to visitondpurchose these types ol pr1xucts. Operational Items of note for the Indude," A number oA5tudents receivinq qd]le55¢ ot o local course whlth was supported by Kent Golf. A succe55fid Open l)ay hald In Septemts 2023 with attendees from many locol orgonisations Idarers. The charity heldmonthfy koraoke andplzzo social eventsfvr the students whldj allows them to strengthen relotionships ond grow confidence in o soft envir0nnnt. Many$tents ottended CustomerseThyce cowse otAdult Education Centre Sofeguardlng Inddent- There was q senous sofvguarthng Inddent that took ploce awayfrom RPM and hod to be reported to the chority commlsth ond dealt wlth extemalfy by S¢xlol sefvlce& Staff ondstthknts ottendedo number oAlocal confrnce5 andnetwoth.nq events promotlng the tharlty, Ing woyk siVPOrtonddisco¥erfThJ s(¥table cOmmlty ocuvioes. Students coryyleted o Keeplng Online COue by Leornlng fATsthlity Nurse and o Health andsofrty Course otSithngboumeAdultEducotiM Centre. A numberoAsodol events tookplccefvr the5tudentsindu<*ngo Christma5 MeolotAppleyurd- (which wassubsidisedby o grantfromASDA). a Qnema to wotth Wonkaando lent$t0 held ot The iiqhtfvrstudents fvrrnlyondfvends. An Asdq Facebook artlde on one of the ststhts experfence went wiml over 20,? likes ond ILIXI cornmen This up by on artidein Sittinqboume new5 and Kent online. A successful holiday for shKlents was (Ygthsed at the start of the rnMer in 2024 at Park holidays Ley5down.
In relation to external work experience or paid work the Charrty has had continued good 5ucce5S with its students over 2023 & 2024 and expanded the range and amount students who have been supported to gain work We can report the followi1¥ ((nes. A student continues to Volte¢rOt0 locol Clkirityshop in Sithngiwne. They are reSponsiefvr ndOW drewng thestoreeuch week. Onestudent ¥UnteerS weekfy otan Estate agen suppwung wlth odmin. tGsk5. A student volunteer weeklyln o locol toAé. A totol olfvestudents now voluntsttot vorfous Cwistores In the locul areo. A student lUnteerS otAsdo a weeAqybosi& Students wlth pt71d employmenthos Increasedby one to three. One of the students Is employed in on occountonts doing adnIstration ond two orenow paidby the chorlty, working every other Saturdoyin the RPMstor IDan¢es The tharity received two donatlons of fina1a1 supwt in the 2023124 period: £150 was recelved as a donatlon from Murston Ctrop A parent of one of the students ralsed £S(M) from a tharlty SkydlvlNq event whlth went towards supporting the cost of the student summer holiday. The Charfty a150 held a successful qulz nlght, ralsSr8 £S80towards the dent summer holiday. The Charity also purthased 4 set of silent disco headphones to hire out Iu5in8 a £500 contribution from parent). Thls wlll prode an addftlonal revenuetsthe tharlty In fitture period& Thls flnandal year saw a small dedlne In re*nuev$ 202V23. Thls was wimarlty due to the decislon not apply for any extemal graft Studentfees saw an increase and tradir% in the shop improved. Costs grew by IO% in 2023124 and this was representhve of general cost of lfvln8 Increases wtthln the economy. Thls results In an operational105s of just over £ll,(MXJ. whith has been made up from the cash reser¥es of the charlty. In reserve the Charlty holds over 8 Mont worth of cash ID reserve, wfr#ch the trustees consider adequate. It is expected that in 2024125 the tharTty will again applyforgrants futh to address the operational loss seen in this finanaal year.
The FFF trustees would once 48aln like to record thelr thanksto the Fenner Frost team for their contlnued hard work and dedication in their oryiry suppwt of our students and the operation of RPM & FFF. Chair-The Fenner Frost F(ndati November 2024 Trustee- The Fenner Fn>st FIndatIon November 2024
THE FENNER FROST FOUNDATION UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2024 JENNIFER M RICHARDSON LJMrrED 32 Station Road Rainhèm Gillingham Kent ME8 7PH
The Fenner Frost Foundation Contents Page Business Details Approva Profit ond Loss Account 6alanee Shttt Notes to the Accounts
The Fenner Frost Foundation Buslness Detalls For The Year Ended 31 July 2024 Proprletor The Fenner Fvvst Foundatson Ar¢ount•nts JENNIFER M RICHARDSON LIMITED 32 Station Road Rainham Gillingham Kent ME8 7PH Page I
The Fenner Frost Foundation Accounts Approval Statement For The Year Ended 31 July 2024 I approve these unaudlted accounts which comprise a Profit and Loss Account. Balance Sheet and related notes. J acknowledge rny responsibility for the accounts Induding the proVisn of all the infomiation and explanations necessary for the completion. Signed The Fen r Frost Founda on Page 2
The Fenner Frost Foundation Profit and Loss Account For The Year Ended 31 July 2024 2024 2023 Tupnov•r student Fee5 Product Sales Grants 51,067 9,371 45,298 7,855 12,413 2.303 Fundraising and donatlons 3.885 64,323 67,869 Cost of 5•l•s other dlrect costs 741 450 741 4SD GROSS PROFIT 63,582 67,419 Other Incom¢ Bank Interest receivable 1.221 542 64,803 67,961 Exp•ndlture a9es and SalaeS Employers penslons . defined eontrlbuttons stheme Starr tralnlng Health and safety costs Uniforms and cloth5ng Staff entertainin9 Travel and subsistence expens95 Rent 52.143 903 117 153 164 540 48.S87 917 60 162 10,800 10,800 772 Light ènd heat Water rates Repairs and maintenance Cleaning Vehicle fuel costs Computer softwa, consumable5 and malntenarKe Insurance 127 li 289 30 332 859 407 479 616 343 855 61 246 ILO 974 528 539 699 537 Printing, POStOge ond statlonery Advertising and marketing costs Telecommunltlons and dato costs Webslte costs Llcences and subscriptions Bank chorges Charitable donations Social events and StUdet gifts Sundry expenses 590 35 55 2.528 412 5,118 501 76.001 68,678 NET LOSS {11,198} 17171 Page 3
The Fenner Frost Foundation Balance Sheet As At 31 July 2024 2024 2023 Notes FIXED ASSETS Tangible Assets CURRENT ASSETS 1.987 1,853 C¢sh at bank and In han¢1 48.740 59.386 CURRENT LIABXLITIES other Taxes and Social Seojrlty 1.134 446 NeT CURRENT ASSETS 47,606 58,938 TOTAL ASSET5 LESS CURREPIT LIABILITIES 49,593 60,791 NET ASSETS 49.593 60,791 CAPITAL ACCOUNT 8alance at l August 2023 ProflVILcs51 for the period/Year 60,791 (11.1981 61,508 17171 B•l•nu Carrl•d Forward 49,593 60.791 Page 4
The Fenner Frost Foundation Notes to the Accounts For The Year Ended 31 July 2024 l. Accounting Pollcy These unaudited account5 have been completed In accordan with UK Generally Accepted Accounting Practice guidellnes and provide5 sufficient and relevant inforniation to enable complebon of a tsx return. 2. Tangible As$ets Plant & M*thlnery Fixtures & Flttings Computer Equlpment Tot•1 Cost A5 at l August 2023 Additlon5 6,316 6,396 134 134 As at 31 July 2024 6.316 80 134 Deprecl•tion As at L August 2023 6,530 4,S43 As at 31 July 2024 4.543 4,543 Net Book Valué As at 31 July 2024 4,543 1.773 80 134 As at l Au9USt 2023 1,987 1.773 1,853 Page 5
THE FENNER FROST FOUNDATION UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2024 JENNIFER M RICHARDSON LJMrrED 32 Station Road Rainhèm Gillingham Kent ME8 7PH
The Fenner Frost Foundation Contents Page Business Details Approva Profit ond Loss Account 6alanee Shttt Notes to the Accounts
The Fenner Frost Foundation Buslness Detalls For The Year Ended 31 July 2024 Proprletor The Fenner Fvvst Foundatson Ar¢ount•nts JENNIFER M RICHARDSON LIMITED 32 Station Road Rainham Gillingham Kent ME8 7PH Page I
The Fenner Frost Foundation Accounts Approval Statement For The Year Ended 31 July 2024 I approve these unaudlted accounts which comprise a Profit and Loss Account. Balance Sheet and related notes. J acknowledge rny responsibility for the accounts Induding the proVisn of all the infomiation and explanations necessary for the completion. Signed The Fen r Frost Founda on Page 2
The Fenner Frost Foundation Profit and Loss Account For The Year Ended 31 July 2024 2024 2023 Tupnov•r student Fee5 Product Sales Grants 51,067 9,371 45,298 7,855 12,413 2.303 Fundraising and donatlons 3.885 64,323 67,869 Cost of 5•l•s other dlrect costs 741 450 741 4SD GROSS PROFIT 63,582 67,419 Other Incom¢ Bank Interest receivable 1.221 542 64,803 67,961 Exp•ndlture a9es and SalaeS Employers penslons . defined eontrlbuttons stheme Starr tralnlng Health and safety costs Uniforms and cloth5ng Staff entertainin9 Travel and subsistence expens95 Rent 52.143 903 117 153 164 540 48.S87 917 60 162 10,800 10,800 772 Light ènd heat Water rates Repairs and maintenance Cleaning Vehicle fuel costs Computer softwa, consumable5 and malntenarKe Insurance 127 li 289 30 332 859 407 479 616 343 855 61 246 ILO 974 528 539 699 537 Printing, POStOge ond statlonery Advertising and marketing costs Telecommunltlons and dato costs Webslte costs Llcences and subscriptions Bank chorges Charitable donations Social events and StUdet gifts Sundry expenses 590 35 55 2.528 412 5,118 501 76.001 68,678 NET LOSS {11,198} 17171 Page 3
The Fenner Frost Foundation Balance Sheet As At 31 July 2024 2024 2023 Notes FIXED ASSETS Tangible Assets CURRENT ASSETS 1.987 1,853 C¢sh at bank and In han¢1 48.740 59.386 CURRENT LIABXLITIES other Taxes and Social Seojrlty 1.134 446 NeT CURRENT ASSETS 47,606 58,938 TOTAL ASSET5 LESS CURREPIT LIABILITIES 49,593 60,791 NET ASSETS 49.593 60,791 CAPITAL ACCOUNT 8alance at l August 2023 ProflVILcs51 for the period/Year 60,791 (11.1981 61,508 17171 B•l•nu Carrl•d Forward 49,593 60.791 Page 4
The Fenner Frost Foundation Notes to the Accounts For The Year Ended 31 July 2024 l. Accounting Pollcy These unaudited account5 have been completed In accordan with UK Generally Accepted Accounting Practice guidellnes and provide5 sufficient and relevant inforniation to enable complebon of a tsx return. 2. Tangible As$ets Plant & M*thlnery Fixtures & Flttings Computer Equlpment Tot•1 Cost A5 at l August 2023 Additlon5 6,316 6,396 134 134 As at 31 July 2024 6.316 80 134 Deprecl•tion As at L August 2023 6,530 4,S43 As at 31 July 2024 4.543 4,543 Net Book Valué As at 31 July 2024 4,543 1.773 80 134 As at l Au9USt 2023 1,987 1.773 1,853 Page 5