REGISTERED CHARITY NUMBER: 1167428
## THE FIRCROFT TRUST
Financial Statements for the Year Ended 31 March 2021
Tudor John Limited
Chartered Accountants and Statutory Auditors Nightingale House 46-48 East Street
Epsom Surrey KT17 1HQ
THE FIRCROFT TRUST
Contents of the Financial Statements for the year ended 31 March 2021
||Page|
|---|---|
|Report of the Trustees|1 to 8|
|Report of the Independent Auditors|9 to 11|
|Consolidated Statement of Financial Activities|12|
|Company Balance Sheet|13|
|Consolidated Balance Sheet|14|
|Cash Flow Statement|15|
|Notes to the Cash Flow Statement|16|
|Notes to the Financial Statements|17 to 31|
## THE FIRCROFT TRUST
## Report of the Trustees for the year ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
## OBJECTIVES AND ACTIVITIES
## Our Services
The Fircroft Trust is a local charity working in Kingston upon Thames with adults living in the community with severe to moderate mental health problems and/or learning disabilities.
Since registration in 1970, our charity has developed and now provides:
o A Resource Centre for over 90 adults who live in the local community facing mental health issues. This is a centre-based service in Kingston upon Thames which provides a range of activities designed to support people to manage their illness, learn new skills and improve their quality of life.
o The Fircroft Trust provides Residential Services in the form of
o Residential Care for 8 adults with complex needs called Privett and
o Supported Living for 15 tenants at Firs Court in Chessington accommodated in five houses: Maple, for adults needing more hours support and four smaller cottages (Cherry, Oak, Beech and Holly) for adults needing less support.
o Man Shed - A workshop style environment for men with mental health challenges or who are at risk of developing a mental health issues due to social isolation.
o Listening Café - A telephone, email and drop-in service for people struggling to cope.
## Our Aims:
OUR VALUES: Respect, Transparency, Support, Trust and Empathy OUR VISION: Improving the quality of life for everyone OUR MISSION: To support people with mental health and/or learning disabilities to live full and inclusive lives OUR CULTURE: Every person should be seen as a person first as we work to improve the quality of life for everyone we support INVESTING IN STAFF : We see staff as our main asset, and we are committed to enabling our members to thrive
Page 1
THE FIRCROFT TRUST
Report of the Trustees for the year ended 31 March 2021
ACHIEVEMENT AND PERFORMANCE The Fircroft Wellbeing Hub
Early in the year, concerns arose around the fabric of the building at 96 Ditton Road, which meant that access to the building was limited. Remedial work is due to be carried out in 2022.
In addition to this, the Fircroft Wellbeing Hub has had to change the way we support the people we serve due to Covid restrictions. Initially, only telephone support was allowed, but eventually we were able to meet with people in outside environments, and, when allowed, at other venues around the Borough.
We are very grateful to the British Legion who have opened their doors for us to meet there twice a week, helping to break down loneliness and giving opportunities for friendships. The British Legion also organised a Christmas Lunch this year, which was very well attended.
Many of the people we support have also enjoyed meeting in the community together in coffee shops independently from staff.
It has been a particularly difficult and challenging time for the people we support, who already struggle with their mental health, but staff have worked tirelessly to keep in contact with everyone.
Page 2
THE FIRCROFT TRUST
## Report of the Trustees for the year ended 31 March 2021
While services are curtailed due to the above issues, Fircroft continues to aim:
- to prevent deterioration of mental health and to avoid people we serve requiring in-patient care
- to improve mental health by providing a range of activities within a supportive environment
- to acknowledge individual strengths and needs, and develop potential
- to make our service client led - we aim to involve the people we serve in the planning, running and evaluation of the Fircroft Wellbeing Hub
- to provide volunteering opportunities
- to break down stigma
- to be a presence in the Borough working with other organisations to make the voluntary sector's voice heard
Activities include talking opportunities (listening café), social activities (such as going to pubs, cinema, etc), learning activities (Man Shed and gardening) training (through work experience), volunteering experiences, and mental health awareness (speaking engagements).
We have received more referrals than ever and have had to start a waiting list.
## Income
This service has always depended on voluntary income to sustain and develop this area of our work. However, as a result of having to close the building to the services, we have been unable to seek funding from our usual sources. This will change are we near the completion of the works when we will again be in a position to launch an appeal and approach trusts and other organisations to help us fund the new vision of what we can offer people in the community.
## Looking Ahead
Together with the people we support, we will be transforming our services to make it more relevant to the community. Plans include providing more wellbeing activities and a drop-in service as well.
## What People Say
“I can’t wait to get back to Fircroft again. It’s my safe place. It’s been so hard.” - someone who we support
“I’m so glad that my husband has started going to the Man Shed. It gives me a break and he gets a lot out of it” - the wife of someone we support.
“I am so glad I can call you whenever I want – it helps me feel less lonely” – someone we support.
Page 3
THE FIRCROFT TRUST
Report of the Trustees for the year ended 31 March 2021
## Residential and Supported Living Services
Firs Court provides care for adults with learning disabilities and those with complex needs. We are delighted that
Privett House is a Registered Home for nine people with complex needs requiring 24/7 support. It has a lift, specialist beds and en-suite facilities.
Maple is Supported living to six adults.
Privett residents and Maple tenants each have their own key worker who provides one-to-one emotional, personal and social support.
We also run four supported living houses for adults who are more independent, but who have the benefit of being able to call on the main house should the need arise.
Everyone is encouraged to make their own choices and have a say in the running of their own homes. We continue to help people develop and maintain independent living skills.
## Covid-19 and the Residential Services
Over the year, with Covid we had to work in a creative way to ensure that the people we serve were able to cope with the strict guidelines and restrictions. Staff worked tirelessly to ensure that everyone was shielded by providing opportunities to meet remotely with family and friends.
Staff also organised various entertainment events that was able to break up the frustration everyone felt during the first lockdown. This was very successful in keeping everyone safe from the virus following infection control protocols at all time.
On the second lockdown, one person became ill with mild Covid. Staff and tenants are tested regularly as per guidelines.
Page 4
THE FIRCROFT TRUST
Report of the Trustees for the year ended 31 March 2021
## Income
Our accounts show a small dip in income over the year. This is primarily caused by vacancies not being filled. This is now being addressed.
## What People Say
“My brother’s life has been transformed since moving to Firs – I’ve never seen him this happy and busy” – sister
“Staff helped me to speak to my friend when we were in lockdown. I really miss not seeing her” – person we support
Page 4
THE FIRCROFT TRUST
Report of the Trustees for the year ended 31 March 2021
## The Fircroft Trust Shops
Fircroft Trust (Trading) Ltd ran our two charity shops in Surbiton and Tolworth which sell a wide range of donated items, including furniture and electrical goods. The profits are covenanted to the charity and provide much needed funds. They also serve to advertise our activities to the local community.
One of the objectives of the shop has always been to provide opportunities for people we support to volunteer in a safe and encouraging environment. The lockdowns had had an enormous impact on staff and volunteers, but the Manager made a point of calling everyone on a regular basis and meeting up where possible.
Sadly, during the pandemic, we needed to close our Surbiton shop as it was not able to provide a Covid-safe environment. Our Tolworth shop opened as soon as guidelines allowed. In order to provide quarantine for the generous donations from the public, we were able to make use of another property.
## What People Say
“I love my job at the shop. When we were closed, I felt very lonely” – volunteer “The busy-ness of the shops helps my mental health and staff are so supportive” – volunteer
Page 5
## THE FIRCROFT TRUST
Report of the Trustees for the year ended 31 March 2021
## Summary
While this past year has been a very difficult one on many levels, it has also given us the opportunity to step back and re-evaluate what we do and we look forward to implementing services that will be even more relevant to the people we support.
I would just like to end this report by saying, on behalf of all the Trustees, that we are extremely grateful to all our staff and volunteers for their amazing hard work and care they have shown over the last year, and in particular during this strange Covid year. We could not have done this without them.
Olga Bowey Cockburn Chairman, January 2022
## FINANCIAL REVIEW
83% of the income generated by the parent Charity is in respect of the provision of residential care services for Firs Court. The remainder, 17%, is income for the Well Being Hub, a small amount of which relates to attendance fees charged with the hub being dependent on additional support generated from approaches to Trusts, Companies, Individuals and Legacies.
Our greatest need, core funding, remains challenging and the Communications team work hard to find new and innovative ways of securing this income together whilst balancing the needs of Funders.
Total reserves of the parent Charity have decreased to £4,412,854 of which £7,360 is restricted, £200,000 has been designated by the trustees for future development of the Charity including a respite bed at Firscourt along with another en-suite place and plans to redevelop the communications and technology within the Charity and £750,000 towards the costs of a project to provide a residential offering to younger adults. Total expenditure of the parent Charity in the 12 months was £1,195,674. Governance costs in 2021 were £5,500.
Our free reserves at 31[st] March 2021 were £469,394 (2020 £600,815). This decrease is a result of reduced income for the Hub both from external funding and internally generated fees along with an increase in costs primarily relating to staffing costs with a move towards paying staff the living wage.
The trading subsidiary generated a loss in the year of £1,419 (2020 loss of £12,563). The trustees are pleased with the general trading position in light of the closures required as a result of the Covid-19 pandemic and believe that the shop will be profitable going forward subject to being able to remain open during the pandemic. The shop also provides valuable volunteering and work experience for people that may need a gateway back into the working environment.
## RESERVES POLICY
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the charity should provide at least six months contingency, which are current activity levels equates to £597,837. The trustees are reviewing ways to increase the level of free reserves including generating additional income via funding applications to meet this required level of reserves.
## ENVIRONMENTAL REPORT
The Fircroft Trust recognises the importance of monitoring our environmental impact and introducing simple to changes to lower lessen our footprint. This year we have expanded our environmental activity throughout the organisation by:
- Using 100% recycled paper
- Using our own compost and rainwater in the Gardening Project
- Returning our printer cartridges to the manufacture for refilling
- Recycling bottles, cans, paper and fabric
- Educating our service users on recycling
- Encouraging our service users and staff to consider walking and/or cycling to the Wellbeing Hub
- We are working towards eliminating single use plastic from the charity
Page 6
THE FIRCROFT TRUST
Report of the Trustees for the year ended 31 March 2021
## FUTURE PLANS
- Reconfiguration of Firs Court
- Respite provision at Firs Court
- Restructure of Communications Department to include IT overhaul
- Implementation of new CRM system across the organisation
- Investment in Man Shed
- Policy review
- Implement business plan
- Increasing our presence on partnership boards and stakeholder groups throughout the borough
- Financial strategy review
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## Risk review
A full risk review has been undertaken in line with the Business Plan. Trustees will implement a full risk policy to insure the charity from the unforeseen.
## The Fircroft Trust Trustees
Trustees are appointed by a resolution at a meeting of the trustees as and when appropriate.
Trustees form the Management Committee who administer the charity. All new trustees and staff are inducted as and when appropriate.
New trustees are invited and encouraged to meet with their senior management and staff to gather insight into the work of the charity. The board meets monthly and there is one sub-committee covering strategy and planning that meets quarterly. A Chief Executive is appointed by the trustees to manage the day-to-day operation of the charity. Trustees who served during the year and up to the date of this report are set out on the frontispiece.
Principal sources of funding are local authorities and major trusts as per the accounts. Investments are managed by our bankers on advice as and when they arise although trustees will be looking to implement an Investment policy in the coming year.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1167428
Principal address "Fircroft" 96 Ditton Road Surbiton Surrey KT6 6RH
Trustees Mrs O Bowey Cockburn C A Huntingford Mrs M Huntingford R Fogg (resigned 31.3.21) Ms M Babey M Belton N Rajah (resigned 12.12.21) A Bailey (resigned 12.12.21)
Page 7
firtho y•rwthd31 M•Ka 2021
Tudor John Limi*d
Chan¢red Accountants and Siaww Auditors
Ni8htin8alc House
W8 $1 Stre
Epsom
KT17 IHQ
K Harris
Rt Revd Dr Richard Cheethatn DD
Bishop of KingstoTh
HSBC
418 Ewell Ro
Tolworth
Surrey KT6 7HJ
Russell-cooke LLP
2 Putney Hill
London
SW15 6AB
The m]st¢es are responsible for preparing the Report of the Trllsttts and the financial $tat¢meDts in with
applicable law and UDiied Kingdom Accountsng Stand8rd5 (Unitcd Kin8dornG¢nerally Accepted Aecountin8 Practi¢¢).
The law applicable to chariiies in EnglADd al Wale8 the Charities Act 2011. Clwity {Accounts alld Reports)
Reguiations 2(K)8 and the provisions of the deed rffjuires the trustees to prepare financial siateineThts for eath
fiDancial year which give a mje atKI fair view of the state of affaits of the eharity and of the ineoming resou¢5 and
application of resources. includiDg the incon and cxpcnditurE of the charity for thai Fri(Ml. In pr¢paTll)g those
fill31l statemenls, trwee5 are wuired
select suitable accounting policies aThJ then apply them consistently"
obseNe the meth¢)ds and pnnciples in the ChArity SORP:
rnake judgements and estimates that are reasonabl¢ and prud¢nt:
ate wlth applÈcable accouniing 5taDd8rds have been followe(L subjea io any terial depaTttues disclosed and
explained in the financial 5tstements'
prepare the financial sthtements on thc 80in8 concern basi5 unless it is inappropriate to prcsurn¢ that th¢ ¢harity will
The trUsS are r¢spoThsible for keepittg proper accounting records which dL5close with reasonable a¢curacy at athy time
the financial position of the chariry and to enable them to ensure thai Ihe financial statements eomply with the Charities
Act 2011, the Charity (Accounts ¥nd ReporL8) Regula¢ions 2008 and th¢ provisions of the tThst deed. They art also
rcsix)Dsible for safeguarding the a&sets of the chgrity atld hence for taking reasonable steps for the prevention )d
detion of fraud and other irreBulaTities.
Approved by ord¢r of th¢ board of trus¢es on.......
Signed on Its behalf by=
Mrs O Bowey Co
burn- Tnte¢
Page 8
## Report of the Independent Auditors to the Trustees of The Fircroft Trust
## Opinion
We have audited the financial statements of The Fircroft Trust (the 'charitable parent company’') and its subsidiary (the group) for the year ended 31 March 2021 which comprise the consolidated Statement of Financial Activities, the Group and Charity Balance Sheets, the Consolidated Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
- In our opinion the financial statements:
- give a true and fair view of the state of the groups and charitable company’s affairs as at 31 March 2021 and of the groups incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received by branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
Page 9
## Report of the Independent Auditors to the Trustees of The Fircroft Trust
## Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
## Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- Identify and assess the risk of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the company's internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and the related disclosures made by the directors.
- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to event or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors report to the related disclosure in the financial statements or, if such disclosures are inadequate to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.
-Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 10
Rwt of the Indep¢ndentAuditors to the Trusttts of
TheFirLToft Trnt
Use of owreport
This rei)art is made solely to the eharily's Iriislees, as a body, Én accordance witli Part 4 of the Cliarities IA¢¢ounts and
Reportsl R¢giilations ?008. Oiir audit work has been iiiidertaken 50 that ive might state to the tyharÉty's tTU5tee5 Iliose
mattel3 we are requtred to stclie to them in an aiiditor5' report and for no other purpose. fo tlie fullest extcnt permitted
by law. we do not accept or a5sunie respotjsibility to anyone other than tlic Charity and the charity's trustee5 as a body,
for our audit Nvork, for t]u5 report, or for the opinions we have fornied.
Tudor John Limiied
Chartered Accountants and Statutory Auditors
Nightingale House
46-48 East Street
Epsom
Sur¥ey
KT17 IHQ
Date: ...a6.l.o.Il
Pagell
## THE FIRCROFT TRUST
## Consolidated Statement of Financial Activities for the year ended 31 March 2021
|Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Residential and group homes
The Wellbeing Hub
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Residential and group homes
The Wellbeing Hub
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD|Unrestricted
funds
£
30,372
866,872
103,863
155,175
1,362
23,183
1,180,827
155,758
898,107
240,204
1,294,069
626
(112,616)
4,479,693
4,367,077|Restricted
funds
£
1,700
30,001
-
20,519
-
-
52,220
-
51,143
-
51,143
-
1,077
6,283
7,360|2021
Total
funds
£
32,072
896,873
103,863
175,694
1,362
23,183
1,233,047
155,758
949,250
240,204
1,345,212
626
(111,539)
4,485,976
4,374,437|2020
Total
funds
£
848,867
964,790
127,787
206,762
4,544
-
2,152,750
221,593
919,047
287,426
1,428,066
(5,684)
719,000
3,766,976
4,485,976|
|---|---|---|---|---|
The notes form part of these financial statements
Page 12
## THE FIRCROFI' TRUST
## Company Balance Sheet 31 March2021
|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted
funds|Restricted
funds|Total
funds|Total
funds|
||Notes|£|||£|
|FIXED A**S** ETS
Tangible assets|12|3,406,424||3,406,424|3,437,945|
|Investments|13|6||6|6|
|||3,406,430||3,406,430|3,437,951|
|CURRENT ASSETS
Debtors|14|100,578||100,578|864,997|
|Investments|15|10,769||10,769|10,142|
|Cash at bank and in hand||1,387,112|7,360|1,394,472|768,067|
|||1,498,459|7,360|1,505,819|1,643,206|
|CREDITORS
Amounts falling due within one year|16|(143,827)||(143,827)|(141,730)|
|NET CURRENT ASSETS||1,354,632|7,360|1,361,992|1,501,476|
|TOTAL ASSETS LESS CURRENT
LIABil.ITIES||4,761,062|7,360|4,768,422|4,939,427|
|CREDITORS
Amounts falling due after more than one year|17|(355,568)||(355,568)|(416,453)|
|NET A**S** ETS||4,405,494|7,360|4,412,854|4,522,974|
|FUNDS
Unrestricted funds
Restricted funds|20|||4,405,494
7,360|4,516,691
6,283|
|TOTALFUNDS||||4,412,854|4,522,974|
The financial statements were approved by the Board of Trustees and authorised for issue on ...25/01/2022...................... and were signed on its behalf by:
The notes fonn part of these financial statements
Page 13
## **TIIE FIR.CROFf TR.UST**
**Consolidated Balance Sheet 31 March 2021**
|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fnds|fnds|fnds|fnds|
||Notes|£|£|£|£|
|F A ETS||||||
|Tangible assets|12|3,428,114||3,428,114|3,463,974|
|C A ETS||||||
|Debtors|14|37,468||37,468|810,801|
|Investments|15|10,769||10,769|10,142|
|Cash at ban and in hand||1,405,465|7,360|1,412,825|778,307|
|||1,453,702|7,360|1,461,062|1,599,250|
|**CIOR**
Amounts flling due within one year|16|(159,171)||(159,171)|(160,795)|
|N C A ES||1,294,531|7,360|1,301,891|1,438,455|
|TOA A ETS LSS C
**Li**||4,722,645|7,360|4,730,005|4,902,429|
|**CIOR**
Amounts flling due afer more than one year|17|(355,568)||(355,568)|(416,453)|
|N A ES||4,367,077|7,360|4,374,437|4,485,976|
|FS|20|||||
|Unresticted fnds||||4,367,077|4,479,693|
|Restcted fnds||||7,360|6,283|
|TOA FS||||4,374,437|4,485,976|
The financial statements were approved by the Board of Trustees and authorised for issue on ...25/01/2022..................... and were signed on its behalf by:
The notes form part of these financial statements
Page 14
## THE FIRCROFT TRUST
|Cash Flow Statement
for the year ended 31 March 2021
2021
Notes
£
Cash flows from operating activities
Cash generated from operations
1
712,913
Interest paid
(10,710)
Net cash provided by/(used in) operating activities
702,203
Cash flows from investing activities
Purchase of tangible fixed assets
(9,942)
Interest received
742
Dividends received
620
Net cash used in investing activities
(8,580)
Cash flows from financing activities
Loan repayments in year
(59,105)
Net cash used in investing activities
(59,105)
Change in cash and cash equivalents in the
reporting period
634,518
Cash and cash equivalents at the beginning
of the reporting period
778,307
Cash and cash equivalents at the end of the
reporting period
1,412,825|2020
£
5,759
(15,453)
(9,694)
(659)
3,893
651
3,885
(54,755)
(54,755)
(60,564)
838,871
778,307|
|---|---|
The notes form part of these financial statements
Page 15
## THE FIRCROFT TRUST
Notes to the Cash Flow Statement for the year ended 31 March 2021
## 1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
|Net (expenditure)/income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
(Gain)/losses on investments
Interest received
Interest paid
Dividends received
Donated assets
Decrease/(increase) in debtors
Decrease in creditors
Net cash provided by/(used in) operations|2021
£
(111,539)
45,802
(627)
(742)
10,710
(620)
-
773,333
(3,404)
712,913|2020
£
719,000
46,883
5,684
(3,893)
15,453
(651)
(12,529)
(750,598)
(13,590)
5,759|
|---|---|---|
## 2.
## ANALYSIS OF CHANGES IN NET FUNDS
|Net cash
Cash at bank and in hand
Liquid resources
Deposits included in cash
Current asset investments
Debt
Debts falling due within 1 year
Debts falling due after 1 year
Total|At 1.4.20
£
778,307
778,307
-
10,142
10,142
(55,616)
(416,453)
(472,069)
316,380|Cash flow
£
634,518
634,518
-
627
627
(1,780)
60,885
59,105
694,250|At 31.3.21
£
1,412,825
1,412,825
-
10,769
10,769
(57,396)
(355,568)
(412,964)
1,010,630|
|---|---|---|---|
The notes form part of these financial statements
Page 16
THE FIRCROFT TRUST
Notes to the Financial Statements for the year ended 31 March 2021
## 1. ACCOUNTING POLICIES
## STATEMENT OF COMPLIANCE
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
These financial statements have been prepared in compliance with SORP (FRS 102) and the financial standards applicable in the UK and republic of Ireland.
The Group accounts incorporate the financial statements of the Charity (referred to also as the Parent in the accounts) and its subsidiary (Fircroft (Trading) Limited) on a line by line basis. The Parent and the subsidiary year ends are coterminous. The Charity has taken advantage of the exemption from the requirement to present its own profit and loss in these consolidated accounts.
The Group constitutes a public benefit entity as defined by FRS102.
The Trustees have reasonable expectation that the Group has adequate resources and cash flows to meet spending commitments for the foreseeable future. Accordingly, the continue to adopt the going concern basis of accounting in preparing the annual report and accounts.
## INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
In particular -
- Income from support and resident charges is recognised based on the occupancy of individuals at the Charity's residential accommodation based on pre agreed charges.
- Donations are recognised when the Charity is entitled to the funds and the amounts receivable can be measured reliably.
- Fees for the use of the wellbeing hub are recognised when the right to the income arises.
- Income from the Gardening project is recognised based on work done.
## EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## ALLOCATION AND APPORTIONMENT OF COSTS
Support costs comprise costs of running the organisation, where these costs cannot be directly attributable to the charitable activities they are apportioned to the charitable activities based on a best estimate of how the costs arise.
## TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost Fixtures and fittings - 15% on reducing balance Motor vehicles - 20% on reducing balance
continued...
Page 17
THE FIRCROFT TRUST
Notes to the Financial Statements - continued for the year ended 31 March 2021
## 1. ACCOUNTING POLICIES - continued
No depreciation is provided on freehold land, freehold buildings are depreciated over 100 years.
## TAXATION
The charity is exempt from tax on its charitable activities.
## FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the Charity's accounting policies which are described above, trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.
The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
## Depreciation
Assets are written down over their estimated useful lives. The actual lives of the assets may differ from those estimates. The lives of the assets are kept under review and adjusted as appropriate.
## Allocation of support costs
As explained int he 'Allocation and Apportionment of costs' policy above there are a number of costs that cannot be allocated directly to a specific activity of the charity and these are allocated using a best estimate. The allocation of these costs, were they able to be specifically allocated, may differ from the basis used. Due to the size of the charity the specific allocation is not possible and the basis of allocation is reviewed annually.
## IRRECOVERABLE VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
## 2. DONATIONS AND LEGACIES
|Group Only
Donations
3.
OTHER TRADING ACTIVITIES
Group Only
Fundraising
The Wellbeing Hub - Fundraising
The Wellbeing Hub - Sundry revenue
Gardening project
Shop income||
|---|---|
continued...
Page 18
## THE FIRCROFT TRUST
## Notes to the Financial Statements - continued for the year ended 31 March 2021
|4.
INVESTMENT INCOME
Group Only
Other fixed asset invest - FII
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Group Only
Activity
Grants
Residential and group homes
Support and residents charges Residential and group homes
Coffee bar and lunches
The Wellbeing Hub
Grants
The Wellbeing Hub
Fircroft fees
The Wellbeing Hub
Grants received, included in the above, are as follows:
Royal Borough Kingston
6.
RAISING FUNDS
Group Only
RAISING DONATIONS AND LEGACIES
Staff costs
Sundries
Event expenses
Shop running costs
7.
CHARITABLE ACTIVITIES COSTS
Group Only
Residential and group homes
The Wellbeing Hub|Direct
Costs
£
861,302
197,974
1,059,276|2021
£
620
742
1,362
2021
£
46,719
850,154
88
66,209
37,566
1,000,736
2021
£
96,210
2021
£
88,076
6,220
-
61,462
155,758
Support
costs (see
note 8)
£
87,948
42,230
130,178|2020
£
651
3,893
4,544
2020
£
-
964,790
11,410
67,297
49,080
1,092,577
2020
£
67,297
2020
£
131,689
8,051
431
81,422
221,593
Totals
£
949,250
240,204
1,189,454|
|---|---|---|---|
continued...
Page 19
THE FIRCROFT TRUST
## Notes to the Financial Statements - continued for the year ended 31 March 2021
## 8. SUPPORT COSTS
|SUPPORT COSTS||
|---|---|
|Group Only||
||Management|
||£|
|Residential and group homes|87,948|
|The Wellbeing Hub|42,230|
||130,178|
## 9. TRUSTEES' REMUNERATION AND BENEFITS
During the prior year Mrs S Horwood received remuneration of £1,602 under authority of the Charities Commission in respect of work for the Charity over and above those of her role as a trustee. Mrs S Horwood resigned as a Trustee on 1st May 2019.
## TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## 10. STAFF COSTS Group Only
The total remuneration paid was as follows:
|Salaries and Wages
Social security costs
Pension costs|2021
£
772,839
56,880
15,940
845,659|2020
£
870,531
53,624
17,839
941,994|
|---|---|---|
The average number of staff employed during the year was 39 (2020: 41). 1 employee received emoluments between £60,000 an £70,000.
continued...
Page 20
## THE FIRCROFT TRUST
## Notes to the Financial Statements - continued for the year ended 31 March 2021
|11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
832,245
Charitable activities
Residential and group homes
964,790
The Wellbeing Hub
127,787
Other trading activities
206,762
Investment income
4,544
Total
2,136,128
EXPENDITURE ON
Raising funds
221,593
Charitable activities
Residential and group homes
895,244
The Wellbeing Hub
287,426
Total
1,404,263
Net gains/(losses) on investments
(5,684)
NET INCOME/(EXPENDITURE)
726,181
RECONCILIATION OF FUNDS
Total funds brought forward
3,753,512
TOTAL FUNDS CARRIED FORWARD
4,479,693|Restricted
funds
£
16,622
-
-
-
-
16,622
-
23,803
-
23,803
-
(7,181)
13,464
6,283|Total
funds
£
848,867
964,790
127,787
206,762
4,544
2,152,750
221,593
919,047
287,426
1,428,066
(5,684)
719,000
3,766,976
4,485,976|
|---|---|---|
continued...
Page 21
## THE FIRCROFT TRUST
## Notes to the Financial Statements - continued for the year ended 31 March 2021
|12.
TANGIBLE FIXED ASSETS
Company
COST
At 1 April 2020
Additions
At 31 March 2021
DEPRECIATION
At 1 April 2020
Charge for year
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020
Group
COST
At 1 April 2020
Additions
At 31 March 2021
DEPRECIATION
At 1 April 2020
Charge for year
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020||Fixtures
Freehold
and
Motor
property
fittings
vehicles
Totals
£
£
£
£
3,566,036
274,666
40,567
3,881,269
-
9,942
-
9,942
3,566,036
284,608
40,567
3,891,211
213,280
200,142
29,902
443,324
26,660
12,670
2,133
41,463
239,940
212,812
32,035
484,787
3,326,096
71,796
8,532
3,406,424
3,352,756
74,524
10,665
3,437,945
Freehold
property
Short
Leasehold
Fixtures and
fittings
Motor
vehicles
£
£
£
£
3,566,036
23,174
297,465
65,067
-
-
9,942
-
3,566,036
23,174
307,407
65,067
213,280
4,511
219,935
50,041
26,660
2,497
13,423
3,223
239,940
7,008
233,358
53,264
3,326,096
16,166
74,049
11,803
3,352,756
18,663
77,530
15,026|Totals
£
3,881,269
9,942|
Totals
£
3,951,742
9,942
3,961,684
487,767
45,803|
|---|---|---|---|---|
||||3,891,211||
||||443,324
41,463||
||||484,787||
||||3,406,424||
||||3,437,945||
||||||
|||||533,570|
|||||3,428,114|
|||||3,463,975|
continued...
Page 22
## THE FIRCROFT TRUST
## Notes to the Financial Statements - continued
for the year ended 31 March 2021
|13.|FIXED ASSET INVESTMENTS||
|---|---|---|
||Company only|Unlisted|
|||investments|
|||£|
||MARKET VALUE||
||At 1 April 2020 and 31 March 2021|6|
||NET BOOK VALUE||
||At 31 March 2021|6|
||At 31 March 2020|6|
There were no investment assets outside the UK.
|14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Company
Trade debtors
Other debtors
Prepayments
Group
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments
Amounts falling due after more than one year:
Other debtors
Aggregate amounts|2021
£
14,100
79,689
6,789
100,578
2021
£
14,100
1,727
14,891
30,718
6,750
37,468|2020
£
23,177
830,127
11,693
864,997
2020
£
23,177
755,813
25,061
804,051
6,750
810,801|
|---|---|---|
continued...
Page 23
## THE FIRCROFT TRUST
## Notes to the Financial Statements - continued for the year ended 31 March 2021
|15.|CURRENT ASSET INVESTMENTS|||
|---|---|---|---|
||Company only|2021|2020|
|||£|£|
||Listed investments|10,769|10,142|
The Trading company generated turnover for the year of £52,487 (2020 £177,836), other operating income of £95,635 and incurred expenditure for the year of £149,538 (2020 £190,399) resulting in a loss of £1419 (2020 loss of £12,563).
|16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Company
Bank loans and overdrafts (see note 18)
Trade creditors
Taxation and social security
Other creditors
Group
Bank loans and overdrafts (see note 18)
Trade creditors
Taxation and social security
Other creditors|2021
£
57,396
38,830
13,459
34,142
143,827
2021
£
57,396
43,447
13,888
44,440
159,171|2020
£
55,616
39,336
12,117
34,661
141,730
2020
£
55,616
47,723
13,282
44,174
160,795|
|---|---|---|
continued...
Page 24
THE FIRCROFT TRUST
## Notes to the Financial Statements - continued for the year ended 31 March 2021
|17.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Company and Group
Bank loans (see note 18)
18.
LOANS
Company and Group
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
19.
SECURED DEBTS
Company and Group
The following secured debts are included within creditors:
Bank loans|2021
£
355,568
2021
£
57,396
355,568
2021
£
412,964|2020
£
416,453
2020
£
55,616
416,453
2020
£
472,069|
|---|---|---|
First legal charge over the freehold property known as 378 Hook Road, Chessington, Surrey, KT9 1NA
continued...
Page 25
## THE FIRCROFT TRUST
## Notes to the Financial Statements - continued for the year ended 31 March 2021
|20.
MOVEMENT IN FUNDS
Company
Unrestricted funds
General fund
Firscourt Development
Younger Adults
Restricted funds
Maple Lodge - Amenities Fund
Oliver Ford Trust - Lifting Cushion
Greater London Authority - Decking and
awning for man shed
TOTAL FUNDS
Net movement in funds, included in the above ar
Unrestricted funds
General fund
Restricted funds
Maple Lodge - Amenities Fund
COVID19 - Infections Control
Extra Staff Support - COVID19
TOTAL FUNDS|e as follows:
Incoming
resources
£
1,032,708
1,700
30,001
20,519
52,220
1,084,928|At 1.4.20
£
3,566,691
200,000
750,000
4,516,691
4,123
160
2,000
6,283
4,522,974
Resources
expended
£
(1,144,531)
(623)
(30,001)
(20,519)
(51,143)
(1,195,674)|Net
movement
in funds
£
(111,197)
-
-
(111,197)
1,077
-
-
1,077
(110,120)
Gains and
losses
£
626
-
-
-
-
626|At
31.3.21
£
3,455,494
200,000
750,000
4,405,494
5,200
160
2,000
7,360
4,412,854
Movement
in funds
£
(111,197)
1,077
-
-
1,077
(110,120)|
|---|---|---|---|---|
continued...
Page 26
## THE FIRCROFT TRUST
Notes to the Financial Statements - continued for the year ended 31 March 2021
## 20. MOVEMENT IN FUNDS - continued Company
Comparatives for movement in funds
|MOVEMENT IN FUNDS - continued
Company
Comparatives for movement in funds||||||
|---|---|---|---|---|---|
|Unrestricted funds
General fund
Firscourt Development
Younger adults
Restricted funds
Maple Lodge - Amenities Fund
Morrisons Foundation - allotment project
Kingston Nursing - gardening equipment
The Percy Bilton Trust - Potato Peeler
Steel Charitable Foundation - Service
users' activities
Rangoonwala Trust - Cooker for Privett
Royal Borough of Kingston Upon Thames
- 18/19 Grant re Drama classes
Surbiton Farmers Market - Craft sessions
Oliver Ford Trust - Lifting Cushion
Greater London Authority - Decking and
awning for man shed
TOTAL FUNDS|At
1.4.19
£
3,577,947
200,000
-
3,777,947
3,501
1,456
1,115
500
4,682
235
276
463
1,236
-
13,464
3,791,411|Net
movement
in funds
£
738,744
-
-
738,744
622
(1,456)
(1,115)
(500)
(4,682)
(235)
(276)
(463)
(1,076)
2,000
(7,181)
731,563|Transfers
£
(750,000)
-
750,000
-
-
-
-
-
-
-
-
-
-
-
-
(5,684)||At
31.3.20
£
3,566,691
200,000
750,000|
||||||
4,516,691
4,123
-
-
-
-
-
-
-
160
2,000
6,283
4,522,974|
|||||||
|||||||
continued...
Page 27
## THE FIRCROFT TRUST
## Notes to the Financial Statements - continued for the year ended 31 March 2021
## 20. MOVEMENT IN FUNDS - continued Company
Comparative net movement in funds, included in the above are as follows:
|Unrestricted funds
General fund
Restricted funds
Maple Lodge - Amenities Fund
Morrisons Foundation - allotment project
Sobell Foundation - mindfullness
Kingston Nursing - gardening equipment
The Percy Bilton Trust - Potato Peeler
Steel Charitable Foundation - Service
users' activities
Rangoonwala Trust - Cooker for Privett
Royal Borough of Kingston Upon Thames
- 18/19 Grant re Drama classes
Surbiton Farmers Market - Craft sessions
Oliver Ford Trust - Lifting Cushion
Kingston Nursing - Lifting cushion
Christmas activites
RS Brownless - Work benches / lockable
storage (man shed)
Man Shed
Greater London Authority - Decking and
awning for man shed
TOTAL FUNDS|Incoming
resources
£
1,958,292
1,805
-
3,000
-
-
-
-
-
-
-
1,440
350
200
7,827
2,000
16,622
1,974,914|Resources
expended
£
(1,213,864)
(1,183)
(1,456)
(3,000)
(1,115)
(500)
(4,682)
(235)
(276)
(463)
(1,076)
(1,440)
(350)
(200)
(7,827)
-
(23,803)
(1,237,667)|Gains and
losses
£
(5,684)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(5,684)|Movement
in funds
£
738,744
622
(1,456)
-
(1,115)
(500)
(4,682)
(235)
(276)
(463)
(1,076)
-
-
-
-
2,000
(7,181)
731,563|
|---|---|---|---|---|
continued...
Page 28
## THE FIRCROFT TRUST
## Notes to the Financial Statements - continued for the year ended 31 March 2021
|20.
MOVEMENT IN FUNDS - continued
Group
Unrestricted funds
General fund
Firscourt Development
Younger Adults
Restricted funds
Maple Lodge - Amenities Fund
Oliver Ford Trust - Lifting Cushion
Greater London Authority - Decking and
awning for man shed
TOTAL FUNDS
Net movement in funds, included in the above ar
Unrestricted funds
General fund
Restricted funds
Maple Lodge - Amenities Fund
COVID19 - Infections Control
Extra Staff Support - COVID19
TOTAL FUNDS|e as follows:
Incoming
resources
£
1,180,827
1,700
30,001
20,519
52,220
1,233,047|At 1.4.20
£
3,529,693
200,000
750,000
4,479,693
4,123
160
2,000
6,283
4,485,976
Resources
expended
£
(1,294,069)
(623)
(30,001)
(20,519)
(51,143)
(1,345,212)|Net
movement
in funds
£
(112,616)
-
-
(112,616)
1,077
-
-
1,077
(111,539)
Gains and
losses
£
626
-
-
-
-
626|At
31.3.21
£
3,417,077
200,000
750,000
4,367,077
5,200
160
2,000
7,360
4,374,437
Movement
in funds
£
(112,616)
1,077
-
-
1,077
(111,539)|
|---|---|---|---|---|
continued...
Page 29
Page 29
continued...
## THE FIRCROFT TRUST
Notes to the Financial Statements - continued for the year ended 31 March 2021
## 20. MOVEMENT IN FUNDS - continued Group
Comparatives for movement in funds
|MOVEMENT IN FUNDS - continued
Group
Comparatives for movement in funds||||||
|---|---|---|---|---|---|
|Unrestricted funds
General fund
Firscourt Development
Younger adults
Restricted funds
Maple Lodge - Amenities Fund
Morrisons Foundation - allotment project
Kingston Nursing - gardening equipment
The Percy Bilton Trust - Potato Peeler
Steel Charitable Foundation - Service
users' activities
Rangoonwala Trust - Cooker for Privett
Royal Borough of Kingston Upon Thames
- 18/19 Grant re Drama classes
Surbiton Farmers Market - Craft sessions
Oliver Ford Trust - Lifting Cushion
Greater London Authority - Decking and
awning for man shed
TOTAL FUNDS|At
1.4.19
£
3,553,512
200,000
-
3,753,512
3,501
1,456
1,115
500
4,682
235
276
463
1,236
-
13,464
3,766,976|Net
movement
in funds
£
726,181
-
-
726,181
622
(1,456)
(1,115)
(500)
(4,682)
(235)
(276)
(463)
(1,076)
2,000
(7,181)
719,000|Transfers
£
(750,000)
-
750,000
-
-
-
-
-
-
-
-
-
-
-
-
-||At
31.3.20
£
3,529,693
200,000
750,000|
||||||
4,479,693
4,123
-
-
-
-
-
-
-
160
2,000
6,283
4,485,976|
|||||||
|||||||
continued...
Page 30
## THE FIRCROFT TRUST
## Notes to the Financial Statements - continued for the year ended 31 March 2021
## 20. MOVEMENT IN FUNDS - continued Group
Comparative net movement in funds, included in the above are as follows:
|Unrestricted funds
General fund
Restricted funds
Maple Lodge - Amenities Fund
Morrisons Foundation - allotment project
Sobell Foundation - mindfullness
Kingston Nursing - gardening equipment
The Percy Bilton Trust - Potato Peeler
Steel Charitable Foundation - Service
users' activities
Rangoonwala Trust - Cooker for Privett
Royal Borough of Kingston Upon Thames
- 18/19 Grant re Drama classes
Surbiton Farmers Market - Craft sessions
Oliver Ford Trust - Lifting Cushion
Kingston Nursing - Lifting cushion
Christmas activites
RS Brownless - Work benches / lockable
storage (man shed)
Man Shed
Greater London Authority - Decking and
awning for man shed
TOTAL FUNDS|Incoming
resources
£
2,136,128
1,805
-
3,000
-
-
-
-
-
-
-
1,440
350
200
7,827
2,000
16,622
2,152,750|Resources
expended
£
(1,404,263)
(1,183)
(1,456)
(3,000)
(1,115)
(500)
(4,682)
(235)
(276)
(463)
(1,076)
(1,440)
(350)
(200)
(7,827)
-
(23,803)
(1,428,066)|Gains and
losses
£
(5,684)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(5,684)|Movement
in funds
£
726,181
622
(1,456)
-
(1,115)
(500)
(4,682)
(235)
(276)
(463)
(1,076)
-
-
-
-
2,000
(7,181)
719,000|
|---|---|---|---|---|
## 21. RELATED PARTY DISCLOSURES
The Charity receives covenanted donations and management charges from it's trading subsidiary, The Fircroft Trust (Trading) Limited. At 31st March 2021 the trading company owed £79,105 (2020: £79,819) to the Charity.
## 22. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES
In common with many other charities of our size and nature we use our auditors to assist with the preparation of the financial statements.
continued...
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