REGISTERED CHARITY NUMBER: 1167428 THE FIRCROFT TRUST Consolldit¢d Fln8n¢lil Statements for the Year Ended 31 March 2024 Xeinadin Audit Chartered Accountants and Statutory Auditors Nightingo1¢ House 4648 East Street Epsom SuTrey KT17 IHQ
THE FIRCRoFf TRUST Contents ofthe Consolldated Flnanclal Statements for Ihe year ended 31 March 2024 Page Report of the Trustees I to 13 Report of the Independent Avdltors 14 10 16 Con8olldated St4tement of Flnanelal Actlvldes 17 Company Balanee Sheet 18 Con5011dated Balance Sheet 19 Consolldated Cash Flow Statement 20 Noles to the Consolldated Cash Flow Statement 21 Notes to the Consolldated FIDanclil Staternents 22 10 33
THE FIRCROFf TRUST Report of th¢ Trustees for tbe year ended 31 March 2024 The trustees present their report with the financial statements of the cbarity for the year ended 31 March 2024. The trustees have adopted the provlsions 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 l January 2019). OVERVIEW II, jjjPF,Pjj' Our Services The Fircroft Trust is a local charity working in Kingston upon Thames with adults living in the community with mental health and wellbeing challenges andlor learning disabilities. Since registration in 1970, our charity has developed and now is able to provide: A Wcllbcing Hiib for adults who live in the local community facing wellbeing issues. This is both a centre-based service and community-based service in Kingston upon Thames which provides a range of activities designed with the people we support to support people to manage their mental health, learn new skills and improve their wellbeing. Man Shed - A workshop style environment for men facing wellbeing issues The Fircroft Trust provides Resldential Services in the fonn of Residentlal Care for adults ivith multiple needs and • Supported Living in smaller houses for people requiring less support Our Aims: OUR VALUES: Respect, Transparency, Support, Trust and Empathy OUR VISION: Improving the quality of life for people we support. OUR MISSION: We ivant to support people with mcntal health or learning disabilities to live full and inclusive lives, not just by living ivithin their communities, but taking an active and inclusive part in shaping what is nieanii)gful to them. Page I
THE FIRCRoFf TRUST Report of the Trustees ror Ihe year ended 31 March 2024 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 staff to thrive, providing bespoke Iraining and a supportive place to work. ACHIEVEMENTS AND PERVORMANCE We can't believe it's been a ivhole year since we settled back at our Ditloii Roii(I premises. It has been wonderful to welcome back people as well as new friends. Time has just zipped byl At Flrs Court, the people we support have had a very busy time accessing the community and planning events. More later. Our biggest change has been incoTporating our charity shop into the charity. It was previously our 'Trading' Cliai'ity triliop* which meant two sets of accounts and a lot more bureaucracy. I hope you enjoy reading our updates. Best wishes Olga Bowey-cockburn Chair of Trustees Page 2
THE FIRCROFf TRUST Report of lh¢ Trustees for the year eDded 31 March 2024 Firci'oft Il'L.Ilbein Hub The we provide at the Wellbeing Hub are varied, but always chosen by the people we support. These have included cooking, going for walks together, and Some people prefer a 4uiel in the art room or enjoying our lovely garden. Others love the of friends and combating isolation and loneliness. But it doesn't matter how people like to spend time. the Wellbeing Hub is here to provide for people experiencing wellbeing issues, whether short tenn or for longer periods. (lultn continue to be very popular and are always well attended. We are extremely grateful for the reduced price tickets that some attractions afford us. This year we went to Kew, Hampton Court, the seaside and so much more. People call me mad when which makes me feel rubbish. All that goes away as soon as I come to the Hub. Li One person has recurring crisis with their mental health - Ivhen she is experiencing them, she comes to ilie Wellbeing Hub to recover. Not only does it hclp this person, but the family are very grateful knowing that she is in a and they too can have some I Page 3
THE FIRCRoFf TRUST Report of the Trustees for Ihe yer eDded 31 iMArch 2024 Mun Slied The Man Shed is a small group of men who are working together to , rc8te, L'pair and upc}'cll, items to sell in our new shop on Ditton Road. . ILupth¢>tr, (ardeN The 'shedders' have shared their skills and have worked on various projects including refurbishing furnilure and building bird boxes and other items. Over the last year we have been able to re-pury)ose a portacabin into our new shop, and we are so grateful to Tolworth Girls School, who wonderfully decorated the outside. The items that are made by the people we support, and others have stocked the shop. Opening hours are limited now. The Shelter we fundraised for last year has been built. It has been a real pleasure to see it being used. Page 4
THE FIRCRowf TRUST R¢port of the Trustees for the year ended 31 MArch 2024 Residential Care and Su orted Livin Services Firs Court provides • resldentlal care for adults with learning disabilities andlor complex needs. •Su orted Ilvln houses for adults who are more independent ,4Ho ne parent said of their family member living at Firs Court 'They have a better social life than we do!" I think that just about sums up how much the people we support love living there. We've had quite a few people whose needs have changed this year and there have been a few moves within Firs Court. These changes are made comfortably because everyone knows and understands the set up at Firs Court, and are already good friends with all the people we support. One person who moved from a single occupancy residence into Maple said: "l am having so much fun - I wish I had done this soonerl" We continue to develop our digital technology to ensure that the people we support and staff can keep all events and needs updated, cutting down on bureaucracy and freeing everyone to get on with living life to it's full. "It is so wonderful to see what amazing care people get at Firs Court - you can see how happy they are." a family member Page 5
THE FIRCROFf TRUST Report of the Trustee$ ror the yeAr ended 31 March 2024 Of course, it's not all fun and games - there are chores that ne¢d to be done with the support of staff. But that leaves plenty of time to: FIRS FEST: This year everyone at Firs Court organised the Firs Fest- a fundraising event lo raise money for their amenlty fund. Sometimes we need to subsidise outings for the people we support who are dependent only on benefits. The event was an amazing success and raised £615. 'Thank you - it was lovely to see everyone enjoying themselves and participating in the festivities!*J an attendee. Page 6
THE FIRCRoFf TRUST Report of the Trustees for the year ended 31 March 2024 The Fircroft Trust Sho The great news is that our charity sbop has now been Incorporated Into tbe charity. Historically. the charity and the trading company were kept separate but after obtaining legal advice we have been able to combine these into the one entity. This has been important because of various reasons, among which: •lt streamlines the paperwork organisation precious funds •we now no longer have different governing bodies. whlch will sav¢ the Our shop at Tolworth sells a wide range of donated items, including furniture and electrical goods. The profits are now part of charity and provide much needed funds. It is also the face of the charity, and people can come in and find out what we do as a charity. One of the objectives ofthe shop has always been to provide opportunitie5 for people we support to volunteer in a safe and encouraging environment. A place to learn neiv skills and move on to follow further volunteering opportunities and paid employment. We have £. been delighted to be part of people's personal groivth as they gain confidence and experlence in retail. Story: One person that used to volunteer at the shop, looks back and says that the shop gave her the skills and courage to go on to paid employment. What People Say "The busy-ness of the shops helps my mental health and staff are so supportive" volunteer. Page 7
THE FIRCROFf TRUST Report of the Trustees for the year ended 31 March 2024 "I started as a volunteer and now I get paid as a part-time member of the team. And I get to support others!" staff member. "I love my job at the shop. When we Miere closed during covid. I felt very lonely" volunteer OTHER NEWS We now have a new Shop Manager - Alistair Templ¢. Please do pop in and say hello. Jo hasn't gone away. you will still see her there as she had decided to become an assistant. FAcebook - our Facebook page has changed, so if you're wondering why the old one has become stal¢, please go to #Flrcroft Trust - Charlty Shops Betty Harding Many of you wfftll remember our wonderful volunteer, Betty wbo sadly passed away this year. She was a staunch supporter of our work and volunteered at the shop for over 30 years. Much loved by everyone, she continued to work until just a few years ago but continued to visit the shop and encourage everyone. She is sorely missed. Page 8
THE FIRCROWT TRUST Report of the Trn8tees for the year ended 31 Jmarch 2024 Summa This year has been a very busy year, consolidating and embedding our work to provide the best possible opportunities to the people ive support. We have bcen particularly heartened to see everyone up-beat and enthusiastic about the changes that have evolved over the last year. Staff and volunteers have begun work on a sensory area, wbich will ' lli&l enhance our garden, which already boasts a lovely pond area In residenlial accommodation we continue to see a shift in the kind of support people are seeking- from people ivanting mainly group homes to seeking independent or small group accommodation. There seems also to be a shortage of supported housing for people ivith more Ll)IIIR)II'x i)LL'(1s. We feel we have the skills to provide that support, and indeed are already providing this support to oihers. This year we are trying to raise money for our IIARDSHI I) F'UND. Many of the people we support are on benefits, and because of this they don't have spare funds to pay for emergency needs. We became acutely aware of this during the last year. when one of the people we support was unable to access the professional asscssment needed for six months ivhich would have given her a better end of life experience. We had to go privately, but felt it was essential to have a fund that could support us in the case of any future urgcnt need. I r y(Pii Liin siipporl (liis Iiinil) please du let lis knoiv. A special 'thiink yoii, to all our staff, volunteers, and people we support, who have made it possible for us for us to adapt and thrive throughout all the changes. We are always amazed at the creativity and hard work the teams have done to ensure we are providing the best care and support. Page 9
THE FUiCRoFf TRUST Report of Ihe Trustc for the year ended 31 Mydrch 2024 PUBLIC BENEFIT The l)oard of tru5t¢e5 havc had regard to the cbarity commissiort 8uidancc on public benefit and maintain oversight to ensure that the activiti¢s of the Charity are in accordance with this guidance. FJNANCIAL REVIEIV Of the total income generated by the parent Charity (excluding le8a¢ies) 81.60/0 is in respect of the provision of residential are services for Firs Court, 13.6Yo 15 income foT thc W¢ll Bcing Hub, with the hub being dependent on a large amounl of additional support generated from approaches lo Trusts, Cotnpanies, and Individuals and a small amount of incorn¢ from attendance fees. The f1 4.80/0 r¢l8tcs lo invcslment income (primarily bank interest) and the shop inconje for the period since this was moved into the charity. During Ihc year the Charity wag grnteful to be the recipienl of 8 leBa¢y of £219k which helped support the a¢livili¢s durin8 th¢ year. Our 8reale51 need, core thnditiB, r¢maios ch8llenging the CommunicalioDS 1¢8m work hard to fmd new and i]Jnovaiive way8 of securing this income together whilst balancing ihe needs ofFundeTS. Tolal reserves of the parent Chority bave decreayd to £4,229,495 of which £24.600 is restricted, £200,000 is designated for . future development of the Charity in¢luding a respile bed at Firscourt along with anothcr en-suite placc and plans lo r¢iJ¥volop th¢ communicalions and technology ivithin th¢ Charity and £750.000 toivards Ibe costs of a projecl to provid¢ a residential olTering lo younger adults. Total expenditure of the parent Charity in ibe 12 mootb5 wa5 £1,518,796. Govcrnance Costs in 2024 were £11,500. Our free reserves at 3151 March 2024 were £167,19212023: £396.154). This decrease is a Tesult of the vacan¢ies at Firs¢ourt and eonlinued low in¢ome for the Wellbeing Hub both from exlernal fijnding and iniemally generaled fees along with the continued general trend for costs 10 increase primarily relaling to st8lTing costs wilh a move towards paying stsff ihe living wage. The trading 5ub5idiary generated a profit in th¢ period before it wos transferred lo the Trust of £21,482 (2023., £14,856) ond donAtcd it's net reserves at dale of transfer of £5,789 to the cbarity. The tru51c¢s ar¢ pleased with the continued profitability. The shop also provides valuable volunteering and work experience for people, as dclailcd al)ove, that may need 8 galew&y back into the workins environment. RESERVES POLICY The tTUStees have eslablished a policy whereby the unreslri¢led funds not ¢ommittcd or inve51ed in18ngible fixed ossets ('Ihe free re$¢rv¢y') held by Ibe charity sbould provide al least six iiionths conlin8en¢y, wbi¢b at Cuent activity levels equates lo £810,644. Free reserves are currently less than this gnd ITU51¢e5 are conlilluing to work on ways lo increase Ibese lo bring them in line with the reserves pollcy, however this will tske lime. The Thstees are in the process of putting together a sttalegic plan regardtng the invcstrnent of Ihc cash reserv. This includes developing Firs Court and investing in technolo8ic#l improv¢mcn15 across tbe organisalion. ENVtRONMF.NTAL REPORT The Fircroft Tst r¢co8ni5es the impoTlan¢c of moniloting our eDvironmen¢8J impact and iiitrodu¢ing simple to changes to lower lessen our footprinl. Thi5 year we have expanded our environmental aclivity Iljroughoul the organi5ation by." - Using IOOO/o recy¢led paper - Using our own compost and rainival¢r in the GArd¢ning Project - Returning our prinler Cartridges to Ibe manufacture for refjlling - Re¢y¢ling bottles, cans. paper and fabrlc - Edu¢atin8 our 5¢rvice users on iecycling - Encourdging our service users and staff lo collsider walking 4DIVor cycling to the Fircroft Centre - We are working towards eliminating single use plastic from the charity Page 10
THE FIRCROFT TRUST Report ofihe Trustees for the year euded 31 March 2024 FUTURE PLANS - Reconfiguration of Firs Court - Considering respite provision at Firs Court - R¢stTUCture of Fundraising and Communications Department to include IT overhaul - Implementation of neiv CRM system across the 018anisalion - Investn)ent in Man Shed - Policy reviews- ongoing Implement business plan- ongoing - Increasing our presence on partnersblp boards and stakeholder groups throughout the borough Financial stiategy review- ongoing Our strategic plans for the organFsalion are cuentlY in draft forni with the Ttustee5 hs we tjavigate through this ¢hallcnging timc and wait for the local comjnissionets lo agree various part of our plans. STRUCTURE, GOVERNANCE AND WAGEMENT Governlng do¢umellt The charity is Controlled by ils goveming document, a deed of trust And constitul¢s an unincorporaled charity. Rlsk revlew A full risk review ha5 been undertaken in line with the Business Plan. TNslees will implement a full risk policy to ensure the charity from the unforeseen. The Flreroft Trust Trustees Trustees are appointed by a resolution al a meeling of the tNstees as and ivhen appropriate. Trustees fomi Ibe Managernenl Committee who athninisler Ihe charity. All new trustees and stsff are inducted as and Ivhen appropriate. New trustees are invtted and encouraged to mcel ivilh their senior management and slaff lo galher insight into the work of the charity. The board meets monthly and there is one sU¢0mmIttee covering slralegy and planning Ihal mce18 quarterly. A Chief Executive is appointd by the tntee$ to manage the day-to-day operation of the charity. Tnjstees who served duriDg the year aad up to ib¢ date of tlu's report are set oul on the fronlispiece. PrinoipBI sourc¢s of funding arc local aulhorilics and major trusts as per the accounts. Investtnenls are Managed by our bankers on advice as and when they arise although trustees ivill be looking to implement an Investment policy in the coming year. Pagell
THE FIRCROFf TRUST Report of the Truslees for the year ended 31 Mareh 2024 REFERENCE AND olDMINISTRATIVE DETAILS Reglstered Charlty numb¢Y 1167428 Prlnclpal addre$$ "Fircroft" 96 Ditton Road Surbilon Sutrey KT6 6RH Trustees Mrs O Bowey Cockburn Ms S Hilton (appointed 12.4.24) C A Huntingford Mrs M Hunlingford Ms M Babey Mrs M Belion K Tall (appointed L2.4.24) Audltors Xeinadin Audit CEMrtered Accountants aud Slatutr)ry Audilors Nightingal¢ Hous¢ 46-48 East Street Epsom Surrey KT17 IHQ Chlef Exeeutlve K Harris Patron Rt Ilevd Dr Martin Gainsborough Bishop of Kin8sIoll BaDker8 HSBC 90 Eden Street Kingston Upon Tham¢s KTI IDJ Sollcltors Russell-cooke LLP 2 Putney Hill Lolldon SW15 6AB Page 12
THE FIRCROFT TRUST Report of tlie Trusleeg for tlie yeftr ended 31 hlarch 2024 STATETrI IENT OF TRUSTEES, RLSPONSIBILITIES Th¢ Ini$l¢<$ [¢spoi1ble for preparing th¢ Report of the TrLtslees and Ili¢ fittall¢ial slatcments in a¢¢ordau¢¢ wiul applicable laiv aiid United Kingdom A¢UntIng Standards (United Kingdom erAllY Accepted Accounting Prncti¢e). The law applicable to cEwities in Ell811d and Wal&s, the Charities Act 2011, Charity (Accounts atjd Reports) Regiilations 2008 and the provisions of th¢ trust dccd tequires the Inislees lo prepare finati¢ial ststemeDts foi. ¢a¢h financial year which giv¢ a tru¢ and fail vi¢w of Ihe Slate of &ffairs of the charity and of the incomiiig resources and pplicatioii of r¢soiirc¢s, jllcluding the income and cxpcndittwe, of th¢ chlty for Ih&t period. In pr¢parin8 those finttn¢ial slal¢m¢nts, the Irvstees ar¢ ieqiiircd to select suilabla accounting policies and thets apply them consi$ttttJtiy: obseLve the illethods and priilciples in the Cl)ftrity SORP; n)uk¢ judg¢in¢ii15 aud ¢sliina1¢5 11?al are reasoiiable and prndcnt; $¢8le whether applicable accounilllg slfindArds bave been follow. subject to any material dvp&rtikr¢fj dis¢los¢d and oxpliilned the fiiian¢ial s14l¢tyents' prepare the fii>aiJciBI statements on iiie goiiig concem basis unless it ig iiiappropriate to pr&8ume Ibat the charity ivill continue in biisilless, The tW8lees are respon81ble for keepii)g prop¢r coUntIng records whicb disclose with reasonRble acciirncy al any tin)¢ the financial posilioi) of tho chArity and to enttble them ro cnsiire that tlie fiDancio1 slatei))l1S comply iyitli the Cliarlti Act 2011, til¢ ChNrity {A¢counls and Repor15) Re8ulaliony 2008 and the provisions of the tn1 deed. They ato 2180 r¢spon$lblo for 5afrgiwrdin8 Ihe ossets of lh¢ thRrity la h¢n for tskift8 reftsonable steps for the prev¢nlion aiid d¢te¢lion of fraud and otlier irtegularilies. AppTovd by oi'd¢r of the board of Irustces on . and signed OD its behaifby., Nirs O Bowcy Coc um- Trust¢¢ Page13
Report of the Independent Audltors to the Trustees of The Fircroft Trust Opinion We have audited the consolidated fanCial statements of The Fircroft Trust (the '¢harity') for the year cnded 31 March 2024 which comprise the Consolidated Statement of Financial Activilies, the group and Company Balance Sheel, the Consolidated Cash Flow Statement and notes lo the consoltdaled financial statements, including a sumrnary of significant accounting policies, The financial reporting fram¢woik that ha5 been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Oenerally Accepted Accounting Practic¢). In our opinion th¢ fmancial statem¢nts- give a true and fair view of th¢ slate of th¢ clwity and charitable group's affairs as at 31 March 2024 and of its incoming r¢sour¢es and application of resources. for the year then ended. have been properly prepared in accoTdance wilh United Kingdom Gei)¢rally A¢cepted Accounting Practice. and have been prepared in accordance with Ihe requirements of the Charities A¢1 2011. Baslg for oplnlon W¢ conducted our audit in accordance with Internallonal Standards on Auditing (UK) OSAS (UK)) and applicable law. Our responsibilities under thos¢ standards are further described in the Auditors, responsibilities for the audit of the financial slal¢menls se¢lion of our rcport, We are indcpcndcnl of the charity and charitabl¢ group in accordance ivith the ethical requirements that Are relevattt lo our audit of the financial slatemenls in ihe UK, including ihe FRC'S Eihical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidenc¢ we have obtained is sufficient and appropriale to provide a basis for our opinion. Concluslons relatlng io golng coneern In auditing the financial stal¢menls, we bave concluded that Ihe lrnstees, use of Ibe goitig ¢ODcern basis of accounting in the preparation of the financial statements is Appropriate. Based on the work we have perforned, we have not identified any material un¢¢rtainties r¢laling to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concem for a period of at least twelve months from wben the financial slat¢m¢nts aTe auihorised for issue. Our responsibilities and the respon8ibililie5 of the tTUStees wilh respecl io Boing concern are described in the Tclevant sections of this report. Other Informatlon Tb¢ trusle¢s ar¢ responsible for the oiher illfornialion. The olber ittfomation comprises the information included in th¢ Annual Report, other than the fmancial stalemenls and our Report of the tndependent Auditors thereon. Our opinion on the fmaneial statements doe5 not ¢ov¢r th¢ other infoTmation and, except lo. the extent othenvise ¢xplt¢itly staled in our report, we do not cxpress any forni of assurance conclusion thereon. In cotfftection with our audit of the finan¢i81 statements, our responsibility is to read the olber inforniation and, in doing so, consider whether the other infornlalion is malerially inconsislenl with the financial 5talemenls or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material missl8temenls, we are required to detern)ine ivhether this givcs rise lo a material misstatement in the fmancial slalements themselves. If, based on the ivork we have perfornied, w¢ conclude thai there is & m8terial misstalement of this other infomution, we are required to report that fact. We have nothing to report in this regard. Matters on Ivhleh we are requlred to report by exceptlon We have nothing to report in respect of the folloiving matters Whe the Charities (Accounts and Reports) Regulatioils 2008 requires us to report lo you if, in our opinion". the Infom110 given in thc Report of the Tnlstees is incoftLsislent in any material respect ivilh the fillancial statements; or 5uffirienl accounting iecoids have not been kept. or th¢ financial statemen15 are not in agreement with the accounting records and relurns. or we have not received all the inf0mtIOn and explatwtions we require for our audit. Page 14
Report of the Independent Auditors to the Trustees or The Flreroft Trust Responslblllties of trujtees As explained more fully in the Statement of Tnle¢s, ResnSibilitIes, the lrnslees are responsible for the prepardtion of the financfftal statements which give a ITue and fair vlew. and for such ititernal control as the trugtees determine is necc5sary to enable the prepardlion of financial statements that are free from material misstatemen¢ wbether due to fraud or error. In preparing th¢ financial statcmenls, the trusiees are respoJ)sible for assessing the charity's ability to contitiue as a going concern, dis¢losing• as applicable, matters relaied to going conc¢m and using the going concern basis of accountin8 unless the trustees ettber intend to liquidate the charity or to cease operalions. or have no realistic alternative bul to do so. Our responslbllllies for the audit of the finAnclal statements Wc have been appointed a5 auditors under Section 144 of the Charities Act 2011 and rq)ort in ac¢ordance with the Act and relevant regulations made or having ¢tTe¢t thcreundcr. Our objectives are to obtsin reasonable assuiance about ivhether the fmancial stateinenls as a iyhole Are free from material mi8Stalemenl, iyhether due Éo fraud or error, and to issu¢ a Report of the Independent Auditors that includes our opinion. Reasonxble assurance is a high level of assurance, but is not a guarantee Ibat an audit conducted in accordance witb ISAS (UK) will always detect a material misstatement when il exists. Misslaternenls can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably b¢ expecied to influence Ihe economic decisions of users laken on Ihe basis of these financial slalements. The extent to which our procedures are capRble of detecting itregulariti¢$. including fraud is detailed below: Identify and assess the risk of material misslaternenl of th¢ financial ststements, whelher due to fraud or error. design and perfonn audit procedures Tcsponsive to those risks, and obiain audit evidence that is sutrtcienl and appropriate to provide a basis for our opinion. The risk of not detectin8 8 malerial misslalemcnl rcsulting from fraud 18 higher than for one resulting from eOr, as fraud may involve collusion, forgery) itilenliofjal omissions, misrepresentations or the override of internAI control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that gre appropriate in the circumstances, bul not foi Ihc purposes of expressing an opinion on the effectiveness of the ompany'6 internal control. Evaluale Ihe approprialene5s of accounting policies used and the reasonableness of aeeounling ¢stimat¢s and th¢ related dtsclosures made by Ihe directors. Conclude on the approprialene$$ of Ihe directors, use of the going coneern bAsis of accounting And, based on the audit evidence obtained, whether a material uncertainty exists rclaled to event or conditions that may cast $18nificant doubt on the company's ability to continue as a going concern. If we conclude Ihal a material uncertainty exists, we are required to draw attention in our auditors report to the related disclosur¢ in th¢ financial stalemenls or. if such disclosures are itTradcquate to modify our opinion. Our conclusions are based on tbe audit evidence oblained up to Ihe dat¢ of our auditor's report. However, future events or condilions may cause the company io cease to continue as a going concern. -F.valuate the overdll pr¢5¢nlation, structure and content of the financial ststemenls. including th¢ disclosures, and whether the financial slatcmcnls r¢present ihe UDderlying transactions and events in a manner that a¢lLieves fair presentation. A furtlier description of our responsibilities for the audit of the financial statements is located on the Finan¢Éal Reporting Council's web5jte at www.frc.org.uklaudtlorsresponsibililies. This description fonns part of our Report of the Independent Auditors. Page 15
Report of the IndependeDt Audltors to Ibe Trustets of The Flrcroft Trust Use of our report This report is made solely to the charity's trustees, as a body, in accordanc¢ with Part 4 of Ihe Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so Ihat we might state to the charity's trustees those matters we are required lo state to them in an auditors, report and for no other purpose. To Ihe fullest exlent perniitted by laiv, w¢ do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body? for our audit work, for this report, or for ihe opinions w¢ have fomied. Xeinadin Audit Chartered Accounlanls and Slatutory Auditors Nigblingale House 4648 F.asl Street Epsom Surrey KTI7 IHQ Page 16
THE FIRCRoFf TRUST Coosolfdated Statement of Flnanclal Actlvldes for the year ended 31 March 2024 2024 Total funds 2023 Total fiinds Unrestricted funds Restricted funds Notes INCOME AND ENDOlVhtENTS FROM Donations and legacies 239.099 6,990 246,089 619,312 Ch*rltable Ydctlvitles Residential and group homes The W¢llb¢ing Hub 890,831 115,943 6.000 896,831 115,943 753,160 117,474 Other trading activities Investment incomc 176,815 176,815 162,617 Total 1430 570 1443 560 1655 250 EXPENDITURE ON Raising thnds 148,644 148,644 141,805 Cbarltable actlvltles Residcntial and group homes Thc Wellbeing Hub 1.198.305 274 338 7.559 1.205,864 274 338 1,080,050 Total 1621287 1628 846 1448 495 Net gains on investments NET INCOMEI(EXPENDITURE) (189,090) 5.431 (183,659) 208,215 RFCONCILIATION OF fi UNDS Total funds brought forward 4,393,984 19.169 4,413,153 4,204,938 TOTAL FUNDS CARRIED FORWARD 4 204 894 4 229 494 4413 153 Th¢ notes forni part of these fanCIal slatemellts Page 17
THE FIRcR0 TRUST Company BAIAllce Sheet 31 M8reb 2024 2024 Total fuiid8 2023 Total funds UnTQStricted fund8 Restrieted illds Notes FIXED ASSETS Ttmgible Assets InvesÉm¢rtlÈ 12 13 3,329,531 3,329,531 3,361,631 3,329,531 3.329,531 3,361,637 CURRE, NT IISSETS Deblois Invesltll¢tit8 Cash Al batth and in hand 14 15 55,367 17,516 107068 55,367 17,516 1131668 162,793 15,883 278 128 ,179,951 24,600 1204,551 1,456,804 CREDITORS Amouiits falling du• wiihin one year 16 (125.842) (125,842) (152,610) NET CURRENT ASSETS 1054 109 1078 709 1304 194 TOTAI, ASSETS LESS CURRE, N'r LIAJIILII'IES 4,383,640 24,600 4h08240 4,665,831 CIIEDII'ORS Ainounts fulliiig due after mokE than onc year 17 (178,746) (178,746) (237,042) NET ASSETS 4 204 894 4 229 494 4 428 789 Furffjs Unreslricled thiids Rests'icled fynds 20 4,204,894 4.409,620 TOTAL IIUNDS 4 229 494 4 428 789 n8llciuI sta met)Is were approved by the B0d of Trustee$ ulld autEiori6ed for issue on lid w¢(¢ si8iied on Its behalf by: O Boivey Cockburj The iiot¢s fom) part ofthes¢ fIn1claI stalernents Page 18
THE llRCRowf TRU Consolidated Blllaiice Slie¢t 31 Mfiyeh 2024 224 Tolal fiiods 2023 Tolal funds Unrestrided fund5 Restricted full(ts Noles FIXED ASSETS Ta[Ible assets 12 3329531 3 329 531 3 373 403 3,329,531 3,329,531 3,373,403 CURRENT ASSFTS Debtors Inveslmenl$ C&%h at bank and In h&)Id 14 15 55.367 17,516 1107068 55,367 17,516 1131668 96,889 1340 124 1,179,951 24,600 1,204,551 1,452,896 CREDJTORS Amoiiots fAIIiii8 du¢ within on¢ year 16 (125,842) (125,842) (176,104) Nlry CURRENT ASSETS 054 109 24.600 1078 709 276 792 TOTAL ASSETS LESS CURRENT LTAIJILITIF.S 4,383,640 24,000 4,408,240 4,650,195 CREDrroRs Amounts f41lin¥ diie Rfter mor¢ than on¢ year 17 (178.746) (178,746) (237,042) NET ASSlI'rs 4 204 894 4 229 494 44L3 153 FUNDS Ui)r¢slri¢ted fiitids Reslrlclcd fuftd8 20 4,204,894 4,393,984 TOTklL FUNDS 4 229 494 4413 153 The fi ftncial stnt nenis wcrc approved by the Board of TnL8lee8 and aiitliorised for I6le.n Id M'¢r¢ si8ncd on its behalf by: /4fv O Bow'ey Co buni - Triistee The note5 form part ofihese fin]Cial sl&ieinenls Pagc 19
THE FtRCROFT TRUST Con8oJidaled CAsh Flow Statement (or tbe year ended 31 March 2024 2024 2023 Not Cash nows from operAllng aetivirfes Cash 8¢neraled from operalions Interest P8id (138,389) 291,543 Net cash (used itt)Iprovided by operating activities 159.997) 275 778 C*$h nows from inve8tlng iellvltles Purchase of iangible red assets Sale of tangible red assets Interest received Dividends received (39,134) 1,600 1,878 809 7,227 655 Net cash used in investing activities 34 847) CRsh nows from Ilnanclng aetlvltle$ Loan repayments in year Net cash used in financing activities 56 341) 56 395) ChanEe In cash and casb equlv#lenls In the reportlng perlod Cash ftnd cash equlvalents V4t the beglnnlng of th¢ reportlng perlod (208.456) 184,536 1340 124 1155 588 Cash and cash equlvalents At the end of tbe reportlng perlod 131668 1340 124 The notes fomi part of these fuiancial statements Page 20
THE FtRCROFT TRUST Notes to Ihe ConsoUdAted Casb Flow Statement for the year ended 31 March 2024 RECONCILIATION OF NET (EXPENDITURE)IINCOME TO NET CASH FLOIV FROM OPERATING ACTIVITIES 2024 2023 Net (expendlture)Ilncome for the reportlllg perlod (as per the ststement of Financlil A¢tivitle8) AdJu$tments for: Depreciation charges Gain on inve5trnenls Profit on disposal of fed assets Interest received Interest paid Dividends received Decrease in debtors (Decreaseyincrease in creditors (183,659) 208,215 43,874 (1,627) 45,329 (1,460) (319) (1,878) 15,765 (809) 11,706 {7,227) 21,608 (655) 41,522 Net cash (used InyprDvlded by operallon8 138 389) 291543 ANALYSIS OF CHANGES IN NET FUNDS Al 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in hand 340 124 208 456 1131668 340 124 208 456 131668 Llquld resources Deposits included in cash Current asset xnve5trnenls Debt Debts falling thie within l year Debis falling due after l year (61,128) (1,955) (63,083) l78 746 298 170 241829 TotRI 1057 837 150 482 907 355 The notes form paTt of these fmancial slatemenls Pa8e21
THE FIRCROFT TRUST Noles to the Consolidated Fln&nclal StAtements for the year ended 31 March 2024 ACCOUNTING POLICIES STATEMKiYf OF COMPLIANCE The fmaucial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance ivith the Charities SORP IFRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland, alld the CharAties Act 2011. The fanCIal slatemenls have been prepared under the hislorical cost convention, with the exception of inveslments ivhich are included at market value. These fmancial stateihents have been prepared in compliance wilh SORP (FRS 102) and the financial standards pplicable in the UK aud r¢publi¢ of Ir¢land. INCOME All income is recognised in the Slatement of Financial Activities once the charity has entitlement to the nds, it is probable that the income will be received and the amouni can be measured reliably. In porticular- - Incom¢ from 8upport and resident charges is recognised based OD th¢ occupancy of individuals at the CbAftty'8 residential aecommodalion based on pre agreed charge$. - Donations are reco8nised when the Charity is entitled to the funds and the amounts receivable ean be me85ur¢d reliably. - Fees for Ihe use of the day eentre are reco8nised when the righi io the income ari5eS. - Income from the Gardening project is recognised based on work done. - Income from government and other are recognised at fair value when the Charity has enlitlement after any perfoThnance condilions have bcen mel. it is Probable that the income will be received and the afftount Can be measured reliably. If eotiilement is not met then these amounts are deferred. EXPENDITURE Limbililies are recognised as expenditure as soon &s there is a legal 01 constructive obligation committing the charity to that expenditur¢, il is probable that a Ir8nsfer of econoinic benefits will be required in settleinent and the amount of the obligation can be measwa reliably. Expendilure is accounl¢d for on an accruals basls and lias been classified under headings that aggregate all cost Telated lo the category. Where costs cannot be directly attributed lo particular headings they have been allocated to activities on a basis consislent with the use of resouw¢$. ALLOCATION AND APPORTIOIWENT OF COSTS Support costs comprise costs of n]nning tbe organisatioll, where these costs cannol be directly attributable lo the ¢horitabl¢ activities they are apportioned to the ¢harilabl¢ activities based on a best estimate of how the costs arise. INVESTMENTS Investments are held in th¢ balance sbeet al market value. All goins and losses are taken to the Statement of Financtal Aclivities as they arise. Realised gains and losses on investments are calculated as Ihe difference betsyeen Sales pmceeds and opening market value (purchase dale if laler). unalISed gains and losses are alculRted as lh¢ difference between the market value at the year end and opening market value (or purchase dale if later}. Realised and unrealis¢d gains are not separated in tbe Stslement of Financial Activitie5. TANGIBLE FIXED ASSETS Tan8tble fixed assets are slated at cost less aUmlated dcpreciatiOD. C05t includes costs directly attributable to maktng Ibe asset capable of operating as intele. Page 22 continued...
THE FIRCROFT TRUST F4otes lo the Consolid&ted Flnanelal Statements- eontlnued lor the year ended 31 Mareh 2024 ACCOUNTING POLICIES- continued TANGIBLE FIXED ASSETS D¢precialion is provided at the following annual rates ia order trj writ¢ off each asset over its estimated useful lif¢. Freehold property Fixtures and fittings Motor vehicles 10/0 on cost I50/o on reducing balance - 200/0 on reducing balance No depreciation is provided on freehold land, freehold buildings ar¢ depreciated over 100 years. TAXATION Th¢ charity is exempt from tax OD ils charitable activities. FUND ACCOUNTING Unrestricted funds Catt b¢ us¢d in aordanCe wilh the charitable obje¢lives al the diSGTCtion of the trusl¢es. Restricted fund5 can only be usd for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when fijnds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes lo the financial slat¢m¢nts, CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCLRTAINI'Y In the application of the Charity's accounting poli¢i¢s which are described above. tStee5 are required lo make judgements. eslimales and assumption3 about the carryin8 values of assets aod liabilities that are not readily apparent from other Sources. The eslin)ate5 and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may dilTer frojn these estimates. The estimate5 and underlying assumptions are reviewed on an ongoing basis. Revisions to accounlin8 estitnales are recognised in Ihe period in whicli Ihe eslimale is revised if the revision affec15 only that period, OT in Ihe period of r¢vÉsion and future periods if the rcvision affects bolh eurrent and future periods. The key sources of estimalioll uncertainty that have a significant effect on the amounts recognised in the rmancial st8t¢menls are d¢scribed beloiv: DEPRECIATION Assels ar¢ wrillen down over their eslimgted useful lives. The actual lives of the assets may differ from thos¢ estimllles. The lives of tbe assets are kept under review 8nd adjusted as appropriate. ALLOCATION ofi SUPPORT COSTS As explained in the 'Allocalion and Apporlionment of costs, policy above there are a number of costs ihat cAnnol be allocated dire¢ily a specific aclivity of the charity and these are allocat¢d using a be51 es1im&te. The allocation of Ihcse costs, were Ihey Able to be specifically ullocaled, may differ from the basis us¢d. Due to the size of tbe ¢harity the Specific allocation is not PO55ible and the b&sis of allocation is reviewed annually. LOANS AND BORROWINGS Loans and borrowings are initially r¢¢ognised al the trallsaclion pri¢e including iransaclion costs. Siibsequently, they are measured at amortised cost using the effcclive interest rale m¢ibod, less irnpainnenl. If an arrangement constitute5 a fmaDce transaction it is measured ai present value. GOING CONCERN The finan¢ial statements have been prepared on a going concern basis as the tnteeS believe that no material uncertainties exist. The trustees have considered the level of fidS held and the expected level of income and ¢xpenditure for 12 months from auihorising these fthan¢ial statements. The budgeted income and expenditure is sufficient with the Igvcl of reserves for the charity to be able to continue as a going concern IRRECOVERABLE VAT Irrttovernble VAT is charged against th¢ category ofresources expended for which it was incurred. Page 23 continued...
THE FIRCROFf TRUST Noteg to the Con$olldAfed Flnanclal S¢?tements - Contlnued for the yeAr ended 31 Marcb 2024 DONATIONS AND LEGACIES Croup 2024 2023 Donations and le8a¢i¢s 246 089 619312 OTHER TRADING ACTIVITIES Group 2024 2023 shop income The Fircroft Centre- Sundry revenue 162,989 156,662 176815 162 617 INVESTMENT INCOME Group 2024 2023 Other fixed asset invest- FII Deposit account interest 655 809 INCOME FROM CHARITABLE ACTIVITJES Group 2024 2023 A¢livily Grants Residenti81 and group homes Support and residents charges Residential and group homes Grants The Wellbeing Hub Fir¢roft fees The Wcllbeing Hub Support and residents ¢harg¢s Tbe Wellbeing Ilub 6,000 890.831 101,900 11,723 9,724 743,436 101,478 15,535 46l 1012 774 870 634 Grants reeeived, included in Ihe above, are as follows: 2024 2023 Royal Borough Kingslon NHS LOl,900 102,800 107900 111202 Page 24 continued...
THE FIRCROFf TRUST Notes to the Consolidated Flnanelal Statements- eontlnued for the year ended 31 March 2024 RAISING FUNDS Group OTHER TRADING ACTIVITIES 2024 2023 Staff costs (trading 5ubstdiary) Shop expendilure (trading subsidiary) 83,527 75,373 141805 CHARITABLE ACTIVITIES COSTS Group Support costs (s note 8) DI¢t Costs Totals Residential and group homes The Wellbeillg Hub 1.102,283 249417 103,581 1,205,864 274 338 351700 128502 1480 202 SUPPORT COSTS Group Governance costs Management Totals Residential And group homes The Wellbeing Hub 94,164 9,417 103,581 117002 128 502 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration OT other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. TRUSTEESI EXPENSES There were no tn]stees' expenses paid for the year ended 31 March 2024 nor for Ihe year ended 31 March 2023. Page 25 continued..,
THE FIRCRoFf TRUST Notes to the Consolidated FinxnclAI Statements - eontinued ror the year ended 31 Marcb 2024 io. STAfF COSTS Group The total remuneration paid ivas as follows: 2024 2023 Salaries and Wage5 Social security costs Pension costs 919,597 43,607 766,678 36,652 980 143 818 824 The average number of staff employed during the year was 46 (2023: 42). l employee received emolument8 between £70,000 and £80,000. li. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Company Unrcstricted funds Restricted funds Total funds INCOME AND ENDO1vNTs FROM Dollalions and legacies 612,311 7,001 619,312 Charltable actlvltle$ Residential and group homes The Wellbeing Hub 743,858 117.474 9,302 753,160 117,474 other trading acliyilies Investment income 5,955 5.955 Total 1482 285 1498 588 EXPENDITURE OIY Chsrltable Actlyltles Residential and group homes The Wellbeing Hub 1,072,994 224 140 7,055 1,080,049 Total 297 134 1306 689 Net gains on investments NET INCOME 186,611 6,748 193,359 RECONCILIATION OF FUNDS Totsl funds brought forward 4,223,010 12,421 4,235,431 TOTAL FUNDS CARRIED FORIVARD 4.409.621 19.169 4.428 790 Page 26 conlinued...
THE FIRCROFf TRUST Notes to the Consolld2l¢d Fln9nclal Statements- coDlfinued or the year ended 31 M8rch 2024 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Group Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 612,311 7.001 619.312 Cbarltable actlvltles Residential and group hornes Th¢ Wellbeing Hub 743,858 117.474 9.302 753,160 117,474 Other trading activities Investment income 162.617 162,617 Total 1638 947 1655 250 EXPENDITURE ON Raising funds 141.805 141,805 Charltable actlvltles Residenlial and group home8 Tbe Wellbeing Hub 1,072,995 224 140 7,055 1,080,050 I'otal 1438 940 1448 495 Nel 88ins on investments NET INCOME 201,467 6.748 208,215 RECONCILIATION OF FUNDS Total funds brought forward 4,192,517 12,421 4.204,938 TOTAL FUNDS CARRIED FORWARD 4.393 984 4413 153 Page 27 conlinued...
THE FIRCROFf TRUST Notes to the Conso]Idated Flnanclal Statements- contlnued for the year ¢nd¢d 31 M8r¢h 2024 12. TANGIBLE FIXED ASSETS Comp%Dy Freehold property Long leasehold Plant and ma¢hinery COST At l April 2023 Transfer from subsidiary 3,566,036 2.668 At 31 March 2024 3 566 036 DEPRECIATION At l April 2023 Charge for year Transfer from subsidiory 293.260 26,660 400 340 475 At 31 March 2024 319920 740 NET BOOK VALUE Ai 31 March 2024 3246116 At 31 March 2023 3 272 776 Fixtures and fittings Motor vehicles Totals COST Ai l April 2023 Transfer ftom subsidiary 295,161 47,745 3,911,610 At 31 March 2024 317961 3 982 084 DEPRECIATION At l April 2023 Charge for year Transfer from subsidiary 234,505 9,153 21,814 5,280 549,979 41,908 At 31 March 2024 265 605 652 554 NF.T BOOK VAI.UE Al 31 Marcb 2024 3 329 531 At 31 March 2023 3 361631 P8ge 28 ¢ontinued...
THE FIRCROFf TRUST Notes lo the Consolidated Financlal StalemeDts- continued for the year ended 31 March 2024 12. TANGIBLE FIXED ASSETS Group Freehold property Long leasehold Plant and machinery COST At l April 2023 3 566 036 Ai 31 March 2024 3 566 036 DEPRECIATION At l Aprtl 2023 Cbargc for ycar 293,260 14,291 400 340 At 31 March 2024 319920 740 NET BOOK VALUE At 3 J March 2024 3246116 At 31 Mah 2023 3 272 776 Fixtur and rittings Molor vehicles Totsls COST At l April 2023 3 982 085 At 31 March 2024 317 962 3 982 085 DEPRECTATION Al l April 2023 Charge for year 256,256 44,473 608,680 At 31 March 2024 265 605 652 554 NET BOOK VALUE At 31 March 2024 3 329531 At 31 March 2023 3 373 403 13. FIXED ASSET IIYVESTMENTS Company At th¢ beginning of ihe y¢ar, the red asset investments includ¢d a IOOts/D ownership interest in the ordillary share capital of The Fircroft Tnt (Trading) Limited. During Ihe year. this siibsidiary was dissolved, and its operations were fully integrated into The Fir0ft Trust. Page 29 continued...
THE FIRCROFf TRusr Notes to the Conso]idated Finan¢lAI Stalements - conllllued for the year ended 31 March 2024 14. DEBTORS: AMOUNTS FALLING DUE IV1TH ONE YEAR Company 2024 2023 Trade debtors Other debtOTS Amounts owed from group undertaking VAT Prepayments 4,639 29,5l3 43,788 19,240 85,595 1,655 162 793 DEBTORS., AMOUNTS FALLING DUE WITHIN ONE YEAR Group 2024 2023 Trade debiors Other dcblors VAT Prepayment8 4,639 29,513 1,655 43.788 21,620 AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR Other debtors 6,750 Aggregate 8mounts 15. CURRENT ASSET INVESTMENTS CompAny & Group 2024 2023 Listed investments 16. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR Company 2024 2023 Dank loans and ov¢rdrafts (see notc 18) Trade creditors Taxation and social security Other creditors 63,083 15,112 13,881 61,128 51,190 13.099 125 842 152610 16. CREDITORS: AMOUNTS FALLING DUE IVITHIN ONE YEAR Group 2024 2023 Bank108ns and overdrafts (see note 18) Trade ¢redilors Taxation and social security other rieditors 63,083 15,112 13,881 33,766 61,128 64,817 13,796 36,363 125 842 176 104 Page 30 continued..,
THE FIRCRoYf TRUST Notes to the Consolldated Flnaneial Statements- eontlnued for the year ended 31 March 2024 17. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR Compiny & Group 2024 2023 Bank loans (see note 18) 178746 18. LOANS Cornpany & Group An analysis of the maturity of loans is given below: 2024 2023 Amounts falling due within one year on demand: Bank loans Amounts falling between onc and two years: Bal loans - 1-2 years 178 746 237 042 19. SECURED DEBTS Company & Group Tbe following secured debls arc included wlihin creditors: 2024 2023 B8nk loans 241829 298 170 First legal charge over the freehold property known as 378 Hook Road, ChessAn8ton, Surrey, KT9 INA 20. MOVEMENT IN FUNDS Company Net movement in funds At 31.3.24 At 1.4.23 Unrestrleted funds General fund Firscourt Development Youngcr Adults 3.459,621 200,000 750 000 {204,727) 3,254,894 200,000 750 000 4.409,621 (204,727) 4,204.894 Restrlcted funds Maple Lodge - Amenities Fund Oliver Ford Trust - Lifting Cushion Greater London Authority- De¢king and awning for man shed Intera¢live Game NHS IT grant RBK Recruitment Sensory Garden Wellbeing Hub 11,107 160 (2,213) 8,894 160 6,000 (662) (3,204) (375) 4,910 975 8,000 662 4,865 375 1,661 4,910 975 TOTAL FUNDS 4 428 790 199 296) 4 229 494 Page31 coiitinued...
THE FIRCRowf TRUST Notes to the Consolidated Financial Statements- contlnued for Ihe year ended 31 March 2024 20. MOVEMENT IN FUNDS - contlnued Net movement in funds, included in the above are as follows". Incoming resources Resourc&8 expended Gains and losses Movement in funds Unrestrlcted funds General fund 1,304,884 (1,511,238) 1,627 (204,727) Restricted funds Maple Lodge- Amenilies Fund Greater London Authority - Decking and awning for man shed Inleraclive Game NHS IT grant RBK Recruitment Sensory Garden Wellbeing Hub H¢u5ewamiing {2,213) (2.213) 6,000 (662) (3,204) (375) 4,910 975 (662) (3,204) (375> 4,910 1,000 (25) TOTAL FUNDS 317894 1518 797 627 199 296) CompAratlves for movement In fitnds Company Net movement in fvnds At 31.3.23 Al 1.4.22 Unrestrl¢ted funds General fvnd Firscourt Dcvelopmenl Younger Adult.% 3,273,010 200,000 186.611 3,459,621 200,000 750 000 4223,010 186,611 4,409,621 Re5trlcted funds Maple Lodge- Amenities Fund Oliver Ford TTusI- Lifting Cushion Grcater London Authority - Decking and awning for man shed Inleraclive Game NHS IT gTant RBK Recruitment 10,261 160 11,107 160 2,0 2,000 662 4,865 375 662 4,865 375 TOTAL FUNDS 4235 431 193 359 4 428 790 Page 32 continued...
THE FJRCROFT TRUST Notes to the Consolldated FJn8J]eifil Slatemenls- continued for the year eDded 31 M4reh 2024 20. MOVEMEFIT IN FUNDS - collllnued Comparative net movement in funds, includcd in the above are as follows". Incoming resources Resources expended Gains and losses Movement in funds Unrestrtcted funds Oeneral fund 1,482,285 {1,297.134) 1.460 186,611 Restrlcted funds Maple Lodg¢ - Amenilies Fund Garden Plants Inl¢ra¢tiv¢ Game NHS IT grant RBK Recntilment 2,001 (1.155) 2,500 (2,500} 2,500 (1,838) 8.402 (3,537) 900 525> 846 662 4,865 375 TOTAL FUNDS 1498 588 R 306 689) 193 359 21. RELATED PARTY DISCLOSURES In the previous year, the Charity received covenaDled donations and managemenl charges from its trading 5ubsidiary* The Fir¢roft Trust (Trading) Limited. During the current year, Ihe subsidiary was dissolved, and ils operations were fjjlly integrated into The Fircroft Tn]st. Consequenily> as of 31 st March 2024, no inlercompany balances were oul8landing (2023: £85,595 owed by th¢ subsidiary io the Cliarity). 22. FRC ETHICAL STANDARD- PROVISIONS AVAILABLE FOR SMALL ENTITIES In common with many other charili¢s of our size and nature we use our auditors to 8SSi$t with the preparalion of the fthan¢ial stal¢m¢nls. This page does noi fomi parf of Ihe statutory financial statements Page 33