**REGISTERED COMPANY NUMBER: 09390907 (England and Wales) REGISTERED CHARITY NUMBER: 1168833**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023**
## **FOR**
## **FABRIC FOUNDATION LTD**
**FABRIC FOUNDATION LTD**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Independent Examiner's Report**|5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7 to 8|
|**Notes to the Financial Statements**|9 to 16|
|**Detailed Statement of Financial Activities**|17 to 18|
**FABRIC FOUNDATION LTD**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 JANUARY 2023**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2023. 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**
## **Objectives and aims**
Our charity's aims as set out in the objects contained in the company's Memorandum and Articles of Association are to:-
'advance in life and relieve needs of young people across South and West Wales through
(a) The provision of semi-independent living with 24 hour support for 16-17 year old looked after children and care leavers.
(b)' Provide support and activities which develop their skills, capacities and capabilities to enable them to participat in society as mature, responsible individuals.'.'
## **Significant activities**
The FABRIC Foundation had a busy year with many activities.
At the beginning of the year the FABRIC Foundation continued to provide Yoga Sessions in the community which were supported from funds by the National Lottery.
We recruited our first volunteer fundraiser Frankee, who ran 100 miles and organised a pub quiz and curry to raise funds.
Page 1
She raised £3,368.
Period poverty was an issue that we addressed thanks to the donation of hundreds of sanitary items which we offered out in our local communities and also within our foodbank deliveries.
We ran a pop up clothing event where 14 young people in need were able to come and choose new clothes. This meant that they didn't feel like a 'charity case' but were able to choose like in a shop. We had a volunteer DJ with volunteers serving hot dogs and organising the clothes. It was a great event in which we partnered with Evolve Youth Service and then donated the remaining clothes to the Local Authority teams.
We gained a grants officer through university funding in October. He started a 200 hour placement and quickly sourced funds for our foodbank.
Page 1
Our foodbank which has become a vital service continued to grow in strength. By the end of the year we were delivering to 50 young people a week.
At Christmas we delivered gifts to former FABRIC Kids and others in the community, adding festive cheers to 45 young people.
Page 1
**FABRIC FOUNDATION LTD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2023**
## **FINANCIAL REVIEW**
## **Going concern**
Financial support was provided by WCVA and Finance Wales to acquire a property, but also to support the purpose of FABRIC Foundation. The loans exceeded the value of property as funds were required to cover start-up costs. This position has always been accepted by the board of trustees, The Finance Wales loan has been replaced by two lower interest loans from NatWest Bank and the WCVA loan has been replaced by an interest free Welsh Government loan. The charity is aiming to replace the bank loan with a loan on more favourable terms. The Trustees are confident that the charity is able to meet all its financial commitment as they fall due.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The organisation is a Community Interest Company limited by guarantee, incorporated on 15th January 2015, and registered as a charity on 19th August 2016.
## **Recruitment and appointment of trustees, induction and training** .
The trustees carry out a skills audit prior to recruiting new trustees. Role descriptions and job specifications are drawn up and a search programme undertaken. All new trustees are required to accept the organisation's code of conduct that contains details of the number of board meetings and the number of projects they are required to attend throughout the year. In addition a structured induction programme has been devised to enable trustees to more quickly understand the structure and culture of the organisation. Further training for trustees is to be considered following enlargement of the trustee body and a trustee training needs analysis.
## **Charity constitution**
The company was established under a Memorandum of Association(amended 20 May 2016) which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £2.
## **Organisational structure**
The trustees are responsible for the overall management of the charity, its strategic direction and decision making. However, day-to-day management of treatment, non-treatment services and business services is delegated to the Chief Executive and senior management team.
## **Decision making**
The trustees are responsible for the overall management of the charity,its strategic direction and decision making. However, day-to-day management of treatment, non-treatment services and business services However, day-to-day is delegated to the Chief Executive and senior management team
## **Risk assessment and management.**
The trustees have overall responsibility for ensuring that the charity has appropriate systems of control; both financial and operational; for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity; for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. The systems of internal control are designed to provide reasonable assurance that: The charity is operating efficiently and effectively in the pursuit of its objectives;
- Funds are applied in accordance with the intentions of the funder;
- Its assets are safeguarded against unauthorised use or disposition;
- Proper records are maintained and financial information used within the charity or for publication is reliable;
- The charity complies with relevant laws and regulations. They are also designed to provide reasonable, but not absolute assurance against material misstatement or loss.
Page 2
**FABRIC FOUNDATION LTD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2023**
## **Related parties**
Ms Helvon-Hardy is director of FABRIC Support Services. The link between the two companies is noted by the board of trustees. Whilst there is an undeniable link the between the companies, the decisions that are made in both companies are separate and in the best interests of the company in question .In this case, the FABRIC Foundation. There is an intrinsic link between the two companies as they both form the group "FABRIC: The Care leavers' Community". whilst the board moves towards a position where she can step away. Ms Helvon-Hardy donates her time to run the FABRIC Foundation as it is not yet in a position where it can employ staff.
FABRIC Support Services provides the FABRIC Foundation with access to their staff (as the FABRIC Kids have relationships with them) at a cost effective price.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 09390907 (England and Wales)
**Registered Charity number** 1168833
**Registered office** Water Street Business Centre Unit 13 Water Street Business Cen Neath Port Talbot SA12 6LF
**Trustees**
M D Harvey (appointed 20.3.23) H C Helvon-Hardy Mrs S Junor-Fitzpatrick (appointed 20.3.23) Mrs J Perry L J Spikes (resigned 20.3.23) J D Harris (resigned 20.3.23) M P Bradley (resigned 6.5.22) H Palmer (appointed 25.8.22)
Page 3
**FABRIC FOUNDATION LTD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2023**
**REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary**
## **Independent Examiner**
Janet D Jenkins Ltd 60, Saint Teilo Street Pontarddulais Swansea SA4 8SY
Approved by order of the board of trustees on 22[nd] November 2023 and signed on its behalf by:
## MDHarvey
Mr MD Harvey - Trustee
Page 4
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FABRIC FOUNDATION LTD**
## **Independent examiner's report to the trustees of Fabric Foundation Ltd ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2023.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## JD Jenkins
Mrs Janet D Jenkins Janet D Jenkins Ltd 6, Llys Ynyscedwyn Ystradgynlais Swansea SA9 1EN
22[nd] November 2023
Page 5
**FABRIC FOUNDATION LTD**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 JANUARY 2023**
|31.1.23
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
2,666
**Charitable activities**
Supporting young people
13,798
Investment income
3
21,000
**Total**
37,464
**EXPENDITURE ON**
Raising funds
5
627
**Charitable activities**
6
Supporting young people
51,233
**Total**
51,860
**NET INCOME/(EXPENDITURE)**
(14,396)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
(29,835)
**TOTAL FUNDS CARRIED FORWARD**
(44,231)|31.1.22
Total
funds
£
5,432
90,307
18,000
113,739
-
111,781
111,781
1,958
(31,793)
(29,835)|
|---|---|
The notes form part of these financial statements
Page 6
## **FABRIC FOUNDATION LTD**
## **BALANCE SHEET**
## **31 JANUARY 2023**
|31.1.23
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
13
227,027
**CURRENT ASSETS**
Debtors
14
-
Cash at bank and in hand
12,906
12,906
**CREDITORS**
Amounts falling due within one year
15
(23,797)
**NET CURRENT ASSETS**
(10,891)
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
216,136
**CREDITORS**
Amounts falling due after more than one year
16
(260,367)
**NET ASSETS**
(44,231)
**FUNDS**
19
Unrestricted funds
(44,231)
**TOTAL FUNDS**
(44,231)|31.1.22
Total
funds
£
235,128
6,762
38,846
45,608
(15,681)
29,927
265,055
(294,890)
(29,835)
(29,835)
(29,835)|
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 7
**FABRIC FOUNDATION LTD**
## **BALANCE SHEET - continued**
## **31 JANUARY 2023**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 22[nd] November 2023 and were signed on its behalf by:
## MDHarvey
Mr MD Harvey Trustee
The notes form part of these financial statements
Page 8
**FABRIC FOUNDATION LTD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **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.
## **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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
## **Taxation**
The charity is exempt from corporation 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.
## **Hire purchase and leasing commitments**
The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
Page 9
**FABRIC FOUNDATION LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023**
|**2.**|**DONATIONS AND LEGACIES**|**DONATIONS AND LEGACIES**||||
|---|---|---|---|---|---|
|||||31.1.23|31.1.22|
|||||£|£|
||Gifts|||1|-|
||Donations|||2,665|5,432|
|||||2,666|5,432|
|**3.**|**INVESTMENT INCOME**|||||
|||||31.1.23|31.1.22|
|||||£|£|
||Rents received|||21,000|18,000|
|**4.**|**INCOME FROM CHARITABLE ACTIVITIES**|||||
|||||31.1.23|31.1.22|
|||Activity||£|£|
||Fundraising|Supporting young people||6,123|-|
||Grants|Supporting young people||7,675|90,307|
|||||13,798|90,307|
||Grants received, included in|the above, are as follows:||||
|||||31.1.23|31.1.22|
|||||£|£|
|**5.**|**RAISING FUNDS**|||||
||**Raising donations and legacies**|||||
|||||31.1.23|31.1.22|
|||||£|£|
||Sundries|||627|-|
|**6.**|**CHARITABLE ACTIVITIES COSTS**|||||
||||Grant|||
||||funding of|||
||||activities|Support||
|||Direct|(see note|costs (see||
|||Costs|7)|note 8)|Totals|
|||£|£|£|£|
||Supporting young people|43,767|2,065|5,401|51,233|
continued...
Page 10
**FABRIC FOUNDATION LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023**
## **7. GRANTS PAYABLE**
|**7.**|**GRANTS PAYABLE**||||
|---|---|---|---|---|
||||31.1.23|31.1.22|
||||£|£|
||Supporting young people||2,065|-|
|**8.**|**SUPPORT COSTS**||||
||||Governance||
|||Management|costs|Totals|
|||£|£|£|
||Supporting young people|4,741|660|5,401|
|**9.**|**NET INCOME/(EXPENDITURE)**||||
||Net income/(expenditure) is stated after charging/(crediting):||||
||||31.1.23|31.1.22|
||||£|£|
||Independent examiners fee||660|-|
||Depreciation - owned assets||225|5,399|
||Other operating leases||4,442|4,546|
||Surplus on disposal of fixed assets||(10,740)|-|
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 January 2023 nor for the year ended 31 January 2022.
## **Trustees' expenses**
Trustees expenses HC Helvon-Hardy £173
## **11. STAFF COSTS**
|**STAFF COSTS**|||
|---|---|---|
||31.1.23|31.1.22|
||£|£|
|Wages and salaries|20,299|36,196|
||20,299|36,196|
|The average monthly number of employees during the year was as follows: 3||3|
No employees received emoluments in excess of £60,000.
continued...
Page 11
**FABRIC FOUNDATION LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023**
## **12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|5,432|
|**Charitable activities**||
|Supporting young people|90,307|
|Investment income|18,000|
|**Total**|113,739|
|**EXPENDITURE ON**||
|**Charitable activities**||
|Supporting young people|111,781|
|**NET INCOME**|1,958|
|**RECONCILIATION OF FUNDS**||
|**Total funds brought forward**|(31,793)|
|**TOTAL FUNDS CARRIED FORWARD**|(29,835)|
## **13. TANGIBLE FIXED ASSETS**
|**COST**
At 1 February 2022
Disposals
At 31 January 2023
**DEPRECIATION**
At 1 February 2022
Charge for year
Eliminated on disposal
At 31 January 2023
**NET BOOK VALUE**
At 31 January 2023
At 31 January 2022|Freehold
property
£
225,000
-
225,000
-
-
-
-
225,000
225,000|Plant and
machinery
£
2,252
-
2,252
-
225
-
225
2,027
2,252|Motor
vehicles
£
26,995
(26,995)
-
19,119
-
(19,119)
-
-
7,876|Totals
£
254,247
(26,995)
227,252
19,119
225
(19,119)
225
227,027
235,128|
|---|---|---|---|---|
continued...
Page 12
**FABRIC FOUNDATION LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023**
|**14.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.1.23
£
Other debtors
-
**15.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.1.23
£
Bank loans and overdrafts (see note 17)
6,269
Other loans (see note 17)
7,350
Hire purchase (see note 18)
-
Trade creditors
(1)
Social security and other taxes
-
Wage control
-
Other creditors
9,519
Accrued expenses
660
23,797
**16.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
31.1.23
£
Bank loans (see note 17)
126,841
Other loans (see note 17)
133,526
Hire purchase (see note 18)
-
260,367
**17.**
**LOANS**
An analysis of the maturity of loans is given below:
31.1.23
£
Amounts falling due within one year on demand:
Bank loans
6,269
Other loans
7,350
13,619
Amounts falling between one and two years:
Bank loans - 1-2 years
16,546
Other loans - 1-2 years
7,351
23,897
Amounts falling due between two and five years:
Bank loans - 2-5 years
13,695
Other loans - 2-5 years
22,050
35,745|31.1.22
£
6,762
31.1.22
£
6,269
-
4,716
2
1,260
1,813
1,621
-
15,681
31.1.22
£
133,990
147,000
13,900
294,890
31.1.22
£
6,269
-
6,269
6,269
7,350
13,619
23,972
22,050
46,022|
|---|---|
continued...
Page 13
**FABRIC FOUNDATION LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023**
## **17. LOANS - continued**
|Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
Other loans more 5yrs instal
**18.**
**LEASING AGREEMENTS**
Minimum lease payments under hire purchase fall due as follows:
Net obligations repayable:
Within one year
Between one and five years
**19.**
**MOVEMENT IN FUNDS**
At 1.2.22
£
**Unrestricted funds**
General fund
(29,835)
**TOTAL FUNDS**
(29,835)
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
37,464
**TOTAL FUNDS**
37,464|31.1.23
31.1.22
£
£
96,600
103,749
104,125
117,600
200,725
221,349
31.1.23
31.1.22
£
£
-
4,716
-
13,900
-
18,616
Net
movement
At
in funds
31.1.23
£
£
(14,396)
(44,231)
(14,396)
(44,231)
Resources
Movement
expended
in funds
£
£
(51,860)
(14,396)
(51,860)
(14,396)|
|---|---|
continued...
Page 14
**FABRIC FOUNDATION LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023**
## **19. MOVEMENT IN FUNDS - continued**
**Comparatives for movement in funds**
|At 1.2.21
£
**Unrestricted funds**
General fund
(31,793)
**TOTAL FUNDS**
(31,793)
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
113,739
**TOTAL FUNDS**
113,739|Net
movement
At
in funds
31.1.22
£
£
1,958
(29,835)
1,958
(29,835)
Resources
Movement
expended
in funds
£
£
(111,781)
1,958
(111,781)
1,958|
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.2.21|in funds|31.1.23|
||£|£|£|
|**Unrestricted funds**||||
|General fund|(31,793)|(12,438)|(44,231)|
|**TOTAL FUNDS**|(31,793)|(12,438)|(44,231)|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|151,203|(163,641)|(12,438)|
|**TOTAL FUNDS**|151,203|(163,641)|(12,438)|
continued...
Page 15
**FABRIC FOUNDATION LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023**
## **20. RELATED PARTY DISCLOSURES**
FABRIC Foundation owed FABRIC Support Services £8,625 at 31st January 2023.
Page 16
**FABRIC FOUNDATION LTD**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2023**
||31.1.23|31.1.22|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Gifts|1|-|
|Donations|2,665|5,432|
||2,666|5,432|
|**Investment income**|||
|Rents received|21,000|18,000|
|**Charitable activities**|||
|Fundraising|6,123|-|
|Grants|7,675|90,307|
||13,798|90,307|
|**Total incoming resources**|37,464|113,739|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Sundries|627|-|
|**Charitable activities**|||
|Wages|20,299|36,196|
|Insurance|-|189|
|Telephone|733|-|
|Postage and stationery|841|6,954|
|Advertising|691|433|
|Sundries|16|1,091|
|Travel expenses|1,844|9,248|
|YP Service|5,387|21,699|
|YP Gym membership|2,365|4,550|
|YP additional activities|2,473|8,802|
|Property repairs|14,522|-|
|Plant and machinery|225|-|
|Motor vehicles|-|5,399|
|Loss on sale of tangible fixed assets|(10,740)|-|
|Bank loan interest|5,111|10,670|
|Grants to individuals|2,065|-|
||45,832|105,231|
|**Support costs**|||
|**Management**|||
|Other operating leases|4,442|4,546|
|Computer costs|299|1,354|
||4,741|5,900|
This page does not form part of the statutory financial statements
Page 17
**FABRIC FOUNDATION LTD**
|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**||||
|---|---|---|---|
|**FOR THE YEAR ENDED 31 JANUARY 2023**||||
||31.1.23||31.1.22|
||£||£|
|**Management**||||
|**Governance costs**||||
|Auditors' remuneration for non audit work|660||-|
|Accountancy and legal fees||-|650|
||660||650|
|Total resources expended|51,860||111,781|
|**Net (expenditure)/income**|(14,396)||1,958|
## **Signature:**
**Email:** mike.harvey@on-systems.co.uk
This page does not form part of the statutory financial statements
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