Friends Of Fulwell Annual return 22/23
During this period, the charity continued its commendable work, notably through the Warm Spaces program. The total income was £22,424, including a significant contribution from government grants amounting to £15,300. This funding was crucial in supporting community activities, particularly during the Covid crisis, positioning the charity as a central hub for support and running a warm space.
The total expenditure was slightly higher at £23,211, indicating a modest overspend. This expenditure went towards various community projects, workers' costs, and other related expenses. The year ended with a slight decrease in net assets compared to the previous year, reflecting the charity's ongoing commitment to its community programs despite financial challenges.
The charity's work, especially in engaging and supporting vulnerable groups, young people, and environmental initiatives, has made a significant impact in the Fulwell ward. The involvement in activities like litter picking and youth clubs, alongside the essential support for the socially isolated, showcases the charity's dedication to improving the local area both socially and environmentally.
Overall, despite the financial challenges, "Friends of Fulwell" has continued to make a substantial difference in the community, thanks to the support of donors, volunteers, and local partnerships. This commitment to community welfare is commendable and aligns with the charity's objectives of increasing activities for young people, developing volunteer groups, assisting in funding bids, improving health, reaching out to vulnerable individuals, and enhancing the local environment.
| Review of the charity’s financial position at the end of the period |
We had an income of £22,424 and outgoings of £23,211 |
|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
At the end of year we had £21,960 in the bank held in reserve which included £10,000 restricted reserves (awards for all project) £11,860.01 allocated (Covid Community Support) £100 unrestricted funds |
Amount of reserves held £14,407.57
Names of the charity trustees who manage the charity
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|
| Stephen Douglas Mckenzie |
|||
| Lynn Hutcheon | |||
| Adrienne Dickson |
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
S Mckenzie L. Hutcheon A.Dickson
Friends of Fulwell
Charity number 1177228 Financial accounts and reports
for the year ended
31st March 2022
Friends of Fulwell Information
Trustees
Adrienne Dickson
Lynn Hutcheon
Charity Information
Charity Number - 1177228
CIO Foundation Date - 19th February 2018
Charity Address
Monkwearmouth Acadamy
Torver Crescent
Sunderland SR6 8LG
Employee with total benefits over £60,000
None
Financial Summary
Total Income £22424 Total Expenditure £23211 Government Grants included in income £15300
1
Friends of Fulwell Balance Sheet as at 31st March 2023
| Notes Current assets Bank/building society balances Current liabilities Other liabilities Net Assets Net Charity Assets Charity Reserves Balance at start of period Prior year adjustments 2 Excess income Total fund reserves 1 |
2022 £ 14,407.57 14,407.57 - 0.00 14,407.57 14,407.57 15,195.01 - -787.44 14,407.57 |
2021 £ 15,195.01 15,195.01 - 0.00 15,195.01 15,195.01 21,960.01 0.00 -6,765.00 15,195.01 |
|---|---|---|
2
Friends of Fulwell Income and Expenditure Statement Year Ended 31st March 2023
1 Profit and loss account analysis
| Income Charitable Donations Received War Memorial donation Freemason Grant Amazon smile Charities Trust Covid & Warm spaces Community Support Grosling Foundation Expenditure General Community Project Costs Workers costs Travel costs Donations & project assistances Excess income over expenditure |
2023 £ 569.40 517.50 1,000.00 19.48 17.50 15,300.00 5,000.00 22,423.88 2,046.50 18,582.32 0.00 2,582.50 23,211.32 -787.44 |
2022 £ 1,100.01 0.00 0.00 0.00 0.00 8,875.00 33.27 10,008.28 381.28 16,162.00 0.00 230.00 16,773.28 -6,765.00 |
|---|---|---|
3
Friends of Fulwell Notes to the Accounts as at 31st March 2023
| Reserve funds # Unrestricted funds # Allocated funds Restricted funds |
As At Excess 01/04/2022 Income 100.00 -787.44 10,095.01 0.00 5,000.00 0.00 15,195.01 -787.44 |
Reserves movements 787.44 -787.44 0.00 - |
As At 31/03/2023 100.00 9,307.57 5,000.00 14,407.57 |
|
|---|---|---|---|---|
2 Reserve funds
4