Charity registration number 1169657 THE FATHERS. DEVELOPMENT FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE FATHERS, DEVELOPMENT FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Shane Ryan Yansie Rolslon Lalita Taylor Jonathan Rallings Reglstered offlce 167 Hospital Bridge Road TVVICKENHAM TW2 6LE Independent examiner Samir Shah FCA, ATII Ramon Lee Ltd Chartered Accountants 93 Tabernade Street London EC2A 4BA Bankers CAF Bank 25 Kings Hill Avenue West Malling Kent ME19 4JQ Website ww.falhersdevelo ment.or
THE FATHERS, DEVELOPMENT FOUNDATION CONTENTS Page Trustees, report Independent examinerfs report statement of financial activities Balance sheet Notes lo the financial ststemenls 7-12
THE FATHERS, DEVELOPMENT FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report and financial statements for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting Policies set out in note 1 to the financial slalements and comply with the Charity's Constitution, the Charities Act 2011 and 'Accounting and Reporting by Charities." Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. Objectives and activities The objects of the charity are lo preserve and protect the mental health of parents particularly, but not exclusively, of fathers. and to promote and protect the good health both physical and mental of children in the UK and overseas, by, but not limited to.. advancing public understanding of the role of fathers in children's development, mental health and future life chantss, enhancing understsnding of how parents. particularly fathers, can be supported in their parenting, and promoting the a¢quisilion of parental knowledge. capabilities and skills. particulady in fathers, that foster compelenl, nurturing and equal parenting,. and promoting research into influences on parents, particularfy on fathers, and parental influences on children. and publishing the useful results. Achievements and performance The financial year 2023 has encountered challenges as the organisation continues lo try and reeslablish ils ground. The Impact has beèn lo vastly slow fundraising efforts, however, the challenges have beèn responded lo and the organisalion is in a stronger position. Public benefit statement As an agency our public benefits are varied. We ¥MII use our knowledge and experience lo help fathers themselves, their families and those who work with them. Our theory of change represents our best understanding of how engagement and leaming Can enable change as well as how progress towards outcomes might be measured. In shaping our objectives for the future and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, induding the guidance 'public benefit.. running a charity IPD21. The trustees are satisfied that the activities of the charity will demonslrale the public benefit identified in the charity's objects. Financial review The Stslemenl of Financial Activities showed nel deficit of £36,169 12022 - surplus of £46,912) for the year and reseNes sland al £13.936 12022 £50.1051. The financial position al the year revealed by the Balance Sheet, shows nel Current assets or working Capital of £13,93612022- £50,105). Prlnclpal fundlng sources We are seeking funding from charitsble trusts and foundations lo continue the work of the charity. Investment powers and pollcy The Board of Trustees have decided that at present, funds should be retained in Banks and Building Societies. Any change in such banking arrangements should be agreed by the Board of Trustees. As far as possible. funds will be retained in accounts bearing the best interest rates at that time.
THE FATHERS, DEVELOPMENT FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Re5erve5 policy We will require an appropriate level of reserves in order to operative effectively. The level will be sel with regard lo our aims, needs and objectives and the risks we face, as we move forward with our key organisalional goals. At 31 December 2023 accounts showed reserves of £13,93612022 - £50,105). of which £13,76712022 - £50,000) was restricted and £169 12022 £1051 was unrestri¢ted. Unrestricted ftjnds not designated or invested in tangible fixed assets held by the charity are £16912022.. £1051. The Board of Trustees consider this level adequate for the current period, as we have no ongoing unrestricted expenditure, and will consider and review these levels as funding is secured and as the charity develops. Plans for future periods The organisalion has number of grant application with major funders that ale currendy being reviewed that would bring great opportunities. There are a number of organisalions seeking lo work with the Foundation in partnership lo promote fatherhood in the coming year and the foundation aims to resel some of the landmarks previously allained as it searches for rts new space in a changing landscape. In the interim period. the foundation will be tsking measures to reduce costs. Structure. governan¢e and management Governing document The Fathers, Development Foundation is a Charitable Incorporated Organisalion ICIOI registered on 13 October 2016,. Charity registration number 1169657. The liability of the members is limited lo such amount Ibul no more than £101 as may be required for payment of the debts and liabilities of the CIO conlraded before that person or organisalion ceases to be a member, for payment of the costs, charges and expenses of wnding up, and for adjustment of the rights of the conlribuling members among themselves Recruitment and appointment of Trustees New trustees will be elected by existing trustees lo address key areas and skill gaps identified. Trustee posts will be advertised through an open process. Under the requirements of the Conslilulion one third of Trustees must retire by rolalion every year and are eligible lo pul themselves forward for reappoinlmenl that same year. The Trustees in office in the year are set out on page legal and administration page. The trustees are also members of the charity. The trustees have no beneficial interest in the company other than as rnembers. The Board has unlimited investment powers Trustee induction and training All new Board of Trustee members re1ve an induction on joining the Board. Oryanisation The govemance of the charity is undertaken by a Board of Trustees that meets quarterly and is responsible for overseeing the strategic direction and resulting policy of the charity. The Board members bring expertise from a variety of professional backgrounds and have access lo advice on the progress of the work. The Trustees mel during the year lo monitor progress in establishing the work of the charity, oversee financial and risk management and measure progress in development of the membership and ils associated work. The Board's governance is supported by an Advisory Panel, APPG and the wider membership. The role of Director remains vacant until such time as we have funding secured. Related partles During the year there were no related party transactions Pay policy for senior management staff Senior management staff pay will be set wth reference lo market rates for similar roles within similar sized charities in the sector and reviewed and approved by the Chair of the Board..
THE FATHERS, DEVELOPMENT FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Risk management The Board of Ttuslees have a risk management strategy that incorporates". Regular review of all risks thè organisalion may face, The development of strategies and an action plan lo reduce the impact of these risks", Mechanisms for monitoring the implemenlalion and reviewing of these strategies Statement of Trustees, responslbllltles The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounb'ng Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England Wales requires the Iruslees to prepare financial slalements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial ststements, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial stalefflenls, and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity wll continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply rith the Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hen for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and the financial information included on the charity's website accordance with legislation in the United Kingdom goveming the preparation and dissemination of financial slatemenls. The Trustees. report was approved by the Board of Trustees and signed on rfcs behalf by hane Ryan Chair 28 October 2024
THE FATHERS, DEVELOPMENT FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FATHERS. DEVELOPMENT FOUNDATION I report lo the Iruslees of The Fathers, Development Foundation (the charityl for the year ended 31 December 2023. This report is made solely lo the charity's Iruslees, as a body, in accordance with thè Charities Act 2011. My work has been undertaken so that I might slate lo the charity's trustees those mallers l am required lo slate lo them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Iruslees as a body, for my Independent Examination, for this report, or for the opinions I have formed. Responslbllltles and ba$1$ of report As the trustees of the charity you are responsible for the preparation of the financial statements In accordan with the requirements of the Charities Act 2011 Ilhe 2011 Acll. I report in respect of my examination of the charity's financial slalements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 A¢1. Independent examlner's statement Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations bul has now been withdrawn. l understsnd that this has been done in order for financial statements lo provide a true and fair view in accordancewilh Generally A¢cepled A¢¢ounling Practice effective for reporting periods beginning on or after 1 January 2015. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or the financial statements do not accord with those records., or the financial slalemenls do not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities IAc¢ounls and Reports) Regulations 2008 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 I have no COnrn$ and have Come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Samir Shah FCA, ATII Ramon Lee Ltd Chartered Accountsnts 93 Tabernacle Strgot London EC2A 48A Dated- 28 October 2024
THE FATHERS, DEVELOPMENT FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted funds fvnd$ Total 2023 Total 2022 Notes Income from: Donations and legacies Investments 50,000 49 64 Total income 64 50,049 Ex enditurg on: Charitable activities 36,233 36,233 3,137 Total expenditure 36,233 36,233 3,137 Net incomellexpenditurel for the yearl Net movement in funds 136,2331 136.169} 46,912 Fund balances a11 January 2023 105 50,000 50,105 3,193 Fund balances at 31 December 2023 169 13,767 13,936 50,105 CONTINUING OPERATIONS None of the charity's activities were acquired or discontinued during the above financial periods. TOTAL RECOGNISED GAINS AND LOSSES The charity has no recognized gains or losses other than the above movement in funds for the above financial periods. The notes on pages 7 10 12 form part of these financial stslemenls.
THE FATHERS, DEVELOPMENT FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Currant assets Cash at bank and in hand 23,489 51,305 Creditorn: amounts falling due within one year 19,5531 11,2001 Net current assets 13,936 50,105 Income funds Reslri¢ted funds Unrestricted funds 10 13,767 169 50,000 105 13,936 50,105 The notes on pages 7 10 12 form part of these financial stalemenls. The financial stslemenls We approved by the Trustees on 28 October 2024 and were signed on its behalf by". ane Ryan Chalr
THE FATHERS, DEVELOPMENT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies 1.1 Accountlny conventlon The financial statements have been prepared in accordance with the Charity's Constitution, the Charities Act 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102.1 and the Charities SORP 'Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. The Charity is a Public Benefit Entity as defined by FRS 102. The financial slalements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exlenl requirèd to provide a tru& and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practi which is referred lo in the Regulations but which has since been withdrawn. The financial slalements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial stslemenls are rounded lo the nearest £. The financial slalements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Going concem The charity's Financial Statements show net deficit of £36,16912022.' surplus of £46,912) for the year and free reserves of £16912022.. £1051. With regard to planned acb'vits'es the trustees are of the view that these results have secured the immediate future of the charity for the next 12 to 18 months and on this basis the charity is a going concern 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Reslricled funds are subject lo specific Conditions by donors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes to the financial slatemenls. 1.4 Income Income is recognised when the charity has entillemenl to the knnds, any performance conditions attached to the Ilemlsl of income have been met, It is probable that the Income will be received and amount can be measured reliably. Income received by way of donations and legacies is included in full in the Slalemenl of Financial Activities when re¢eived, unless they relate lo a specified future period, in which ¢ase they are deferred. Legacies enlillemenl is taken as the earlier of the dale on which either.. the charity is aware that the probate has been granted, the estate has been Iinalised and notrficalion has been made by the execulorlsl lo the charity that the distribution is made, or when a distribution is received from the estate. No legacies were received during the year. Income from charitable activities received by way of revenue grants and donations are credited lo reslri¢led incoming resources on the eadier dale of when they are received or when they are receivable, unless they relate to a specffied future period, in which case they are deferred. Grants and donations of general nature which are not conditional on delivering certain levels of service are included as part of grants, donations and legacies. Performance related grants and dDnalions which have conditions for a specific outcome are include as Income from Charitable Athvities Inone In the period).
THE FATHERS, DEVELOPMENT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles Icontlnuedl 1.5 Expendltu Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, il is probable that a transfer of economic benefits will be required in selllemenl, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The c051s of each activity are made up of the lolal of direct cost5 and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated dire¢lly lo that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Allocation of support costs Support costs relate lo those functions that assist the work of the charity bul do not directly undertake charitsble activities. Support costs include back office costs, finance and adminislralion, and govemance costs which support the charity's programmes and aclivilies. The Charity initially identifies the costs of ils support functions. It then identifies those costs which relate lo the governance function. Governance costs and other support costs are apportioned separately beeen charity's key activity undertaken in the year. All the general support and governan Costs have been apportioned ID the charitable activities on the basis of direct costs allocated lo each activity. 1.6 Cash and cash equlvalents Cash and cash equivalents indude cash in hand, deposits held at call wth banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown thin borrowngs in current Iiabililies. 1.7 Financial instruments The charty has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the contractual provisions of the inslrumenl. Financial assets and liabilities are offset. with the net amounts presented in the financial statements. when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 1.8 Taxallon The charity is a registered charity and, therefore, is not liable for Income Tax or Corporation Tax on income derived from its charitable aclivilies, as it falls within the various exemptions available to registered charities. 1.9 Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds lo a third party and the amount due lo settle the obligation can be measured or estimated reliably. Creditors and provisions are nomially recognised al their settlement amount after allowing lor any trade discounts due.
THE FATHERS, DEVELOPMENT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles Icontlnuedl 1.10 Volunteers and donated servlces and facllltles Donated professional services and donated facilities are recognised as income when the charity has control over the item. any conditions associated with the donated item have been mel. the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP IFRS 1021, time contributed by volunteers is not recognised. There were no volunteer contributions lolher than Trustees) during the year. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift lo the charity which is the amount the charity would have been willing lo pay lo obtsin services or facilities of equivalent economic benefit on the open market., a corresponding amount is then recognised in expenditure in the period of receipt. No such donations were received during the year. 1.11 Cash flow statement The charity qualifies as a small charity and advantsge has been taken of the exemption provided by Charity SORP IFRS 1021, not lo prepare a cash flow 51alemenl. Critical accounting estimates and judgements In the application of the Charity's accounting policies, the Iruslees are required to rnake judgernenls, eslimales and assumptions about the carrying amount of assets and Iiabililies that are not readily appaienl from other sources. The eslimales and associated assumptions are based on historical experience and other factors that are considered lo 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 where the revision affects only that period, or in the period of the revision and fjjture periods where the revision affects both current and future periods. Donations and legacies Reslrldad funds Total 2023 Total 2022 Sb'chting Avast 50,000 50,000 For the year ended 31 December 2022 50,000 50,000
THE FATHERS, DEVELOPMENT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Investments Unrestricted funds Total 2023 Total 2022 Investment Income 64 64 49 64 64 49 For th9 ygar 9ndgd 31 Do¢gmber 2022 49 49 Charitable activities Projects Total 2023 Total 2022 Staff costs Training costs Website Cost Travelling Cost 31,452 2,640 31,452 2,640 1,600 250 135 135 34,227 34,227 1,850 Share of support costs (see note 61 Share of governance costs (see note 61 710 1,298 710 1,296 87 1,200 36,233 36,233 3,137 Analysis by fund Restricted funds 36,233 36,233 36,233 36,233 For the year ended 31 December 2022 Restricted funds 3,137 3,137 3,137 3,137 10-
THE FATHERS, DEVELOPMENT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs Support Govemance costs costs Totsl 2023 Totsl 2022 Sundry Expenses Accountancy Fees Independent examinerfs fees 35 875 35 675 1,296 87 1,296 1,200 710 1.296 2.006 1.287 Analysed beeen Charitable activib'es 710 1,296 2,006 1,287 710 1,296 2.006 1,287 Net movement in funds 2023 2022 Nel movement in funds is slated after chargingllcredilingl Inde endent examiner's fees Independent examiner's fees 1,296 1,200 Employees One staff was employed during the year and the preceding year. None of the Iruslees reiVed any remuneration during the year12022 - £nill. None of the trustees reiVed reimbursed office expenses during the year12022- £nill. The key management personnel of the charity comprise the Board of Trustees. The trustees were not employed Dr paid fees by the charity. Employment costs 2023 2022 Wages and salaries Other pension costs 31.085 367 1,600 31,452 1,600
THE FATHERS, DEVELOPMENT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Creditors: amounts falling due within one year 2023 2022 Other tsxation and social security Other creditors Accruals 3,050 4,007 2,496 1,200 9,553 1,200 10 Restrlcted funds Movement In funds Inc¢)ming Resource$ t>ur¢es expended Balante at 1 January 2022 Transfers Balance at 1 January 2023 Resources expended Balante at 31 December 2023 Slichling Avast Esmée Fairbairn Foundation 50,000 50,000 136,2331 13,767 3,193 13,1371 1561 3,193 50,000 13,1371 1561 50,000 136,2331 13,767 Restricted funds- Represent a grant from Sliehting Avast and Esmee Fairbaim given lo support the organisalion lo develop a clear theory of change. 11 Analysi$ of net assets between funds Unrestricted Re$trlct9d funds funds Total UnrgStrlct•d R9slrlct8d 2023 funds funds Total 2022 Fund balances at 31 December 2023 are represented by.. Current assetsllliabililiesl 169 13,767 13,936 105 50,000 50,105 169 13,767 13,936 105 50,000 50,105 12 Related party transactions There were no disclosable related paty transactions during the year12022 - none). 12-