## **Trustees’ annual report and financial statements**
**for the year ending 31 December 2023 for**
## **Foot Works**
**(a Charitable Incorporated Organisation, registered number 1170280)**
## **Contents**
||Page|
|---|---|
|Reference and administrative details|3|
|Trustees’ annual report|4|
|Structure, objects and public benefit|4|
|Background and activities|4|
|2023 Review|5|
|Future plans|5|
|Financial review|5|
|Reserves policy|5|
|Structure, governance and management|6|
|Statement of trustees’ responsibility|6|
|Statement of Financial Activities|7|
|Balance sheet|8|
|Notes to the financial statements|9-14|
2
## **Reference and administrative details**
|Chair (& trustee)|Richard Cooper|
|---|---|
|Trustee|Ann Hope|
|Registered name|Foot Works|
|Charity registered number|1170280|
|Registered address|30 Wilmot House, 5 George Mathers Road, London, SE11 4BQ|
|Bank|CAF Bank Limited, 25 Kings Hill Avenue, West Malling, Kent, ME19 4JQ|
3
## **TRUSTEES’ ANNUAL REPORT**
## **Structure, objects and public benefit**
Foot Works is Charitable Incorporated Organisation registered with the Charity Commission (registered number 1170280).
The governing document is a Constitution dated 16 November 2016. Foot Works registered with the Charity Commission on 21 November 2016.
The objects of Foot Works, as stated in the Constitution, are, for the public benefit:
**To relieve financial hardship of, and preserve, protect and improve the health of homeless people and individuals living in adverse housing conditions by providing podiatry and other healthcare services.**
In setting objectives and planning activities, the trustees confirm that they have complied with their duty under Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
## **Background and activities**
## **What is Foot Works?**
Foot Works is a registered charity providing a free integrated podiatry and foot care service for homeless men and women.
## **Why does Foot Works exist?**
Homeless men and women typically walk miles each day to access support, services and to fulfil basic needs. Foot health is often overlooked; with people wearing pre-worn, poor quality & ill-fitting shoes and having limited opportunity to remove socks and shoes to enable feet to dry, heal and recuperate; resulting in sores, infection, pain and discomfort. In addition, there is limited NHS provision and private podiatry consultations are unaffordable. Foot Works fills this important gap and need.
## **What does Foot Works provide?**
Foot Works provides free podiatry consultations through a dedicated team of volunteer qualified podiatrists, offering the same level of care provided by regular private and outpatient podiatry clinics.
Foot Works can also provide patients with a pathway to local mainstream NHS services when necessary.
Through the generous support of our partners we can also provide brand new high-quality shoes and socks when needed.
## **Where does Foot Works work?**
Foot Works delivers its service in partnership with established organisations supporting homeless communities. Foot Works’ main partner is the Webber Street Day Centre (Waterloo, SE1) and latterly a trail with the Ace of Clubs (Clapham, SW4), previous partners have included Whitechapel Mission (E1) and Crisis Skylight (E1).
4
## **2023 Review**
Foot Works’ main priority for 2023 is to consolidate the service at the Webber Street Day Centre and reestablish provision of services with partners at other locations, we aimed to establish a trial prog. This was successfully completed with Ace of Club (Clapham, SW4).
These objectives were achieved, with a fortnightly service at the Webber Street Day Centre being maintained throughout the year, and a NEW trial monthly service at the Ace of Clubs centre commenced in September.
We are pleased that the momentum for services at Webber St (Waterloo, SE1) have cont. throughout the year. The trial at Ace of Clubs (Clapham, SW4). Has been successful, fulfilling our core requirements with the facilities we are able to access to make success of our clinics and the cohort to be served have responded well.
## **Future plans**
Foot Works’ main priority for 2024 is to maintain the existing services and explore avenues to extent our reach. Consolidate the Ace of Clubs (Clapham, SW4). trial, with an aim to make this a permanent additional clinic.
## **Financial review**
Foot Works received £22 (2022: £12) of income during the year. Expenditure amounted to £2,215 (2022: £1,832). A more detailed breakdown of expenditure is provided on page 7.
During the year Foot Works recorded a deficit of £2,193 (2022: deficit of £1,820).
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
## **Reserves policy**
At 31 December 2023, unrestricted free reserves amounted to £3,313 (2022: £4,694).
The trustees have set a reserves policy whereby the free reserves (unrestricted funds) held by Foot Works should be equivalent to £2,500 (2022: £2,500). This is sufficient for the charity to continue to operate, at the current service level, in the short-to-medium term.
Whilst this is above the reserves policy target, the trustees consider this level acceptable in the context of the current environment, maturity of the charity and unpredictable timing of donations & grants. The trustees note that the additional funds above the reserves policy target will give extra flexibility in considering future investment in growth.
Restricted reserves amount to £6,809 (2022: £7,621) pertaining to The Funding Network grant to fund expansion costs.
## **Structure, governance and management**
Foot Works is constituted as a Charitable Incorporated Organisation and governed by a Constitution which took effect on 21 November 2016, the date of registration with the Charity Commission.
The governing body of the charity is the board of trustees, which, as at 31 December 2023, comprised two (2022: two) members. Trustees as at the date of this report or who served during the period were:
5
Richard Cooper Ann Hope
Trustees are appointed by a resolution passed at a meeting of the charity trustees. In selecting new trustees, the trustees considers the skills, knowledge and experience needed for the effective running of the charity. Prior to appointment new trustees will be provided with a copy of the Constitution, a copy of the Trustees’ annual report and financial statements, together with other relevant information.
Foot Works is run by its Trustees who, in addition to strategy and governance, coordinate the weekly clinics led by volunteer qualified podiatrists.
## **Statement of trustees’ responsibility in relation to the financial statements**
Charity law requires the charity trustees to prepare financial statements for each accounting period which give a true and fair view of the state of affairs of the charity for the income and expenditure for the period. In preparing the financial statements, 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;
- state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
6
## **Statement of Financial Activities (incorporating an income and expenditure account) for the year ending 31 December 2023**
|_Notes_
**Income from:**
Grants
Donations
Bank interest
**Total Income**
_8_
**Expenditure on:**
Equipment, consumables, footwear
Volunteer expenses
Insurance
Volunteer welfare
Client grant
Depreciation
Bank fees
**Total Expenditure**
**Net Income**
Transfers between funds
Total recognised gains/losses
**Net movement in funds**
**Reconciliation of funds**
_8,9_
Total funds brought forward
Total funds carried forward|2023
Unrestricted
Funds
2023
Restricted
Funds
2023
Total
2022
Total
£
£
£
£
-
-
-
-
-
-
-
-
22
-
22
12|
|---|---|
||**22**
**-**
**22**
**12**
349
199
548
403
500
120
620
400
494
493
487
505
-
-
-
89
-
-
-
354
-
-
-
-
60
-
60
81|
||**1,403**
**812**
**2,215**
**1,832**|
||**(1,381)**
**(812)**
**(2,193)**
**(1,820)**
-
-
-
-
-
-
-
-|
||**(1,381)**
**(812)**
**(2,193)**
**(1,820)**|
||4,694
7,621
12,315
14,136|
||**3,313**
**6,809**
**10,122**
**12,315**|
7
## **Balance Sheet for Foot Works at 31 December 2023**
|_Notes_
**Fixed assets:**
Tangible fixed assets
_5_
**_Total fixed assets_**
**Current assets:**
Stocks
Debtors
_6_
Cash
**Total current assets**
**Liabilities:**
Creditors: amounts falling due within 1 year
_7_
**Net current assets**
**Total net assets**
**The funds of the charity:**
Restricted income funds
_8,9_
Unrestricted funds
**Total charity funds**|
2023
Total
Funds
£
2022
Total
Funds
£
-
-|
|---|---|
||-
-
-
-
-
-
10,122
12,315|
||**10,122**
**12,315**
-
-|
||**10,122**
**12,315**|
||**10,122**
**12,315**|
||6,808
7,621
3,313
4,694|
||**10,122**
**12,315**|
The notes on pages 9 to 15 form part of these accounts.
The accounts were approved by the board of trustees on 1 March 2024.
Richard Cooper, on behalf of the trustees
8
## **Notes to the financial statements**
## **1. Basis of preparation and accounting policies**
## **Basis of preparation**
- a) These accounts (financial statements) have been prepared under the historic cost convention, on a going concern basis, with items recognised at cost or transaction value, unless otherwise stated in the relevant note(s), in accordance with:
- (i) The Charities Act 2011
- (ii) The Financial Reporting Standard applicable in the UK and the Republic of Ireland, published on 16 July 2014
- (iii) Accounting & Reporting by Charities: Statement of Recommended Practice (Charities SORP FRS102) (effective January 2015)
to comply with the revised layout of the financial statements required by the Charities SORP (FRS102).
- b) The charity meets the definition of a public benefit entity as defined by FRS 102.
- a) The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. This included giving due consideration to the impact of the Covid-19 pandemic on income and expenditure as well as its long-term effect on the charity.
## **Accounting policies**
- c) Fund accounting
Unrestricted funds are those that can be expended at the discretion of the trustees in the furtherance of the objects of the charity.
Restricted funds are those that may only be used for specific purposes. Restrictions arise when specified by the donor, or when funds are raised for specific purposes.
The purposes of the funds are shown in Note 8.
- d) Income
Income is recognised and included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the income, receipt is probable and the monetary value can be measured with sufficient reliability.
Income that Foot Works has received, but is not entitled to recognise, is treated as deferred income.
Bank interest and Gift Aid is recognised on receipt.
9
## e) Expenditure and liabilities
Expenditure is recognised on the accruals basis. The charity is not registered for VAT, thus all costs are shown inclusive of VAT charged.
Liabilities are recognised as soon as there is a legal or constructive obligation to pay.
Governance costs include the costs of preparation and examination of the statutory accounts, the cost of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.
## f) Tangible fixed assets
Tangible assets are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at their value on receipt.
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
|Podiatry equipment|3 years|
|---|---|
|Computer equipment|3 years|
|Office equipment|5 years|
|Fixtures and fittings|5 years|
Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.
The charity does not currently have any capitalised tangible fixed assets.
- g) Current assets and liabilities
- (i) Debtors are recognised at the settlement amount due.
- (ii) Prepayments are valued at the amount prepaid.
- (iii) Cash comprises bank deposits repayable on demand and any short-term highly liquid deposits
- (iv) Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount, usually the invoice amount.
- (v) Accrued charges are normally valued at their settlement amount.
## h) Taxation
The charity is not liable to income tax or capital gains tax on its charitable activities.
- i) Pensions
10
Foot Works does not operate a pension scheme.
## **2. Employees**
Foot Works did not employ any staff during the period (2022: 0). No employees earned over £60,000 per year during the period (2022: 0).
## **3. Trustees’ remuneration, benefits and expenses**
During the period one trustee (2022: one) incurred expenses of £193 of expenses (2022: £111) on behalf of the charity, of which £ni which was outstanding at the year end (2022: £nil).
No trustees were paid any remuneration or received any other benefits from employment with the charity (2022: none, £nil).
## **4. Related party transactions**
With the exception of the amount outlined in 3. above, during the period there were no related party transactions.
## **5. Tangible fixed assets**
||**Cost**
Opening balance
Additions during the year
Closing balance
**Accumulated depreciation**
Opening balance
Charge for the year
Closing balance
**Net book value at 31 December 2023**
Net book value at 31 December 2022|**Podiatry**
**equipmen**
**t**
**£**
**Total**
**£**
1,200
1,200
-
-|
|---|---|---|
|||1,200
1,200
1,200
1,200
-
-|
|||1,200
1,200
**-**
**-**
-
-|
## _2022 Comparative_
||**Cost**
Opening balance
Additions during the year
Closing balance|**Podiatry**
**equipmen**
**t**
**£**
**Total**
**£**
1,200
1,200
-
-|
|---|---|---|
|||1,200
1,200|
11
||**Accumulated depreciation**
Opening balance
Charge for the year
Closing balance
**Net book value at 31 December 2022**
Net book value at 31 December 2021|1,200
1,200
-
-|
|---|---|---|
|||1,200
1,200
**-**
**-**
-
-|
## **6. Debtors**
||Trade debtors
Prepayments and accrued income
Other debtors
**Total**|**2023**
**£**
**2022**
**£**
**-**
-
**-**
-
**-**
-|
|---|---|---|
|||**-**
**-**|
## **7. Creditors: amounts falling due within one year**
||Creditors
Accruals
Deferred income
**Total**|**2023**
**£**
**2022**
**£**
-
-
-
-
-
-|
|---|---|---|
|||-
-|
## **8. Restricted funds**
During the period Foot Works received no restricted income (2022: £nil).
The movement in restricted funds during the period and fund balances at the end of the period are outlined below:
|Balance at
31
December
2022
£
Income
£
Expenditure
£
The Funding Network
7,621
-
(812)|**Balance at**
**31**
**December**
**2023**
**£**
6,809|
|---|---|
## _2022 Comparative:_
|Balance at
31
December
2021
£
Income
£
Expenditure
£
The Funding Network
7,621
-
-|**Balance at**
**31**
**December**
**2022**
**£**
7,621|
|---|---|
12
## **9. Analysis of net assets between funds**
|2023
Restricted
Funds
£
2023
Unrestricte
d
Funds
£
**2023**
**Total**
**Funds**
**£**
Tangible fixed assets
-
-
**-**
Current assets
3,313
6,809
**10,122**
Creditors: amounts
falling due within 1
year
-
-
-
**Total**
**3,313**
**6,809**
**10,122**|2023
Restricted
Funds
£
2023
Unrestricte
d
Funds
£
**2023**
**Total**
**Funds**
**£**
Tangible fixed assets
-
-
**-**
Current assets
3,313
6,809
**10,122**
Creditors: amounts
falling due within 1
year
-
-
-
**Total**
**3,313**
**6,809**
**10,122**|2022
Total
Funds
£
-
12,315
-|
|---|---|---|
||**3,313**
**6,809**
**10,122**|12,315|
## _2022 Comparative:_
||2022
Restricted
Funds
£
2022
Unrestricte
d
Funds
£
**2022**
**Total**
**Funds**
**£**
Tangible fixed assets
-
-
**-**
Current assets
7,621
4,694
**12,315**
Creditors: amounts
falling due within 1
year
-
-
-
**Total**
**7,621**
**4,694**
**12,315**|2022
Restricted
Funds
£
2022
Unrestricte
d
Funds
£
**2022**
**Total**
**Funds**
**£**
Tangible fixed assets
-
-
**-**
Current assets
7,621
4,694
**12,315**
Creditors: amounts
falling due within 1
year
-
-
-
**Total**
**7,621**
**4,694**
**12,315**|2021
Total
Funds
£
-
14,613
(477)|
|---|---|---|---|
|||**7,621**
**4,694**
**12,315**|14,136|
## _2022 Comparative_
## **Statement of Financial Activities (incorporating an income and expenditure account) for the year ending 31 December 2022**
|_Notes_
**Income from:**
Grants
Donations
Bank interest
**Total Income**
_8_|2022
Unrestricted
Funds
2022
Restricted
Funds
2022
Total
2021
Total
£
£
£
£
-
-
-
-
-
-
-
-
12
-
12
-|
|---|---|
||**-**
**-**
**-**
**-**|
13
|**Expenditure on:**
Equipment, consumables, footwear
Volunteer expenses
Insurance
Volunteer welfare
Client grant
Depreciation
Bank fees
**Total Expenditure**
**Net Income**
Transfers between funds
Total recognised gains/losses
**Net movement in funds**
**Reconciliation of funds**
_8,9_
Total funds brought forward
Total funds carried forward|403
-
403
741
400
-
400
-
505
-
505
478
89
-
89
-
354
-
354
-
-
-
-
-
81
-
81
96|
|---|---|
||**1832**
**-**
**1,832**
**580**|
||**(1,820)**
**-**
**(1,820)**
**(580)**
-
-
-
-
-
-
-
-|
||**(1,820)**
**-**
**(1,820)**
**(580)**|
||6,515
7,621
14,136
14,716|
||**4,694**
**7,621**
**12,315**
**14,136**|
## _2022 Comparative_
## **Balance Sheet for Foot Works at 31 December 2022**
|_Notes_
**Fixed assets:**
Tangible fixed assets
_5_
**_Total fixed assets_**
**Current assets:**
Stocks
Debtors
_6_
Cash
**Total current assets**
**Liabilities:**
Creditors: amounts falling due within 1 year
_7_
**Net current assets**
**Total net assets**
**The funds of the charity:**|
2022
Total
Funds
£
2021
Total
Funds
£
-
-|
|---|---|
||-
-
-
-
-
-
12,315
14,613|
||-
(477)|
||**12,315**
**14,136**|
||**12,315**
**14,136**|
|||
14
|Restricted income funds
_8,9_
Unrestricted funds
**Total charity funds**|7,621
7,621
4,694
6,515|
|---|---|
||**12,315**
**14,136**|
15