## **Friends of Fulwell – Annual Report 2024/25**
**Charity Number:** 1177228
**For the year ended:** 31st March 2025
## **Charity Information**
- **Charity Name:** Friends of Fulwell
- **Charity Number:** 1177228
- **CIO Foundation Date:** 19th February 2018
- **Address:** Monkwearmouth Academy, Torver Crescent, Sunderland, SR6 8LG
## **Trustees**
- Adrienne Dickson
- Lynn Hutcheon
- Yvonne Gray (Appointed 28th November 2024)
## **Trustees’ Annual Report**
## **Summary of Activities and Achievements**
The 2024/25 financial year represented a period of transition and consolidation for Friends of Fulwell. Following the intense activity of previous years, particularly regarding the Covid crisis response, the charity saw a quieter period of operation this year. This dormancy was primarily due to a temporary reduction in operational capacity.
## **Project Updates**
- **Warm Spaces Conclusion:** The primary expenditure for the year (£5,000) was utilised to finalise the "Warm Spaces" allocation. This funding ensured that the commitments made to support the community through the colder months and the cost-of-living challenges were fully honored and completed.
- **Garden Allotment:** The charity maintained its commitment to environmental initiatives, with funds allocated to the upkeep of the garden allotment.
- **New Initiative - War Memorial Restoration:** Towards the latter part of 2024, the charity shifted its focus toward a significant new heritage project: the restoration of the Fulwell War Memorial. This project began taking shape in late 2024 and will be a primary focus for the charity moving forward into the next financial year.
## **Governance Changes**
There were changes to the board of trustees during this period. We said goodbye to trustee Stephen McKenzie and thank him for his service. In November 2024, we welcomed Yvonne Gray as a new appointed trustee to help guide the charity through its next phase of development.
Despite the reduction in general activity compared to previous years, Friends of Fulwell remains committed to its objectives of improving the local environment and supporting the community.
## **Financial Review**
## **Review of the charity’s financial position at the end of the period**
The financial activity for the year reflects the winding down of specific funded projects and the preparation for new ones.
- **Total Income:** £2,094.15
- _Primarily derived from Charitable Donations (£1,968.77) and the Charities Trust (£120)._
- **Total Expenditure:** £5,060.00
- _Comprising Workers costs/Warm Spaces (£5,000) and General Community Project costs (£60)._
## **Net Movement in Funds**
There was an excess of expenditure over income of **-£2,965.85** . This planned deficit was the result of spending restricted funds held over from the previous year (specifically for the Warm Spaces initiative) rather than an operating loss.
## **Reserves Policy**
- **Balance at start of period:** £4,992.39
- **Balance at end of period:** £2,026.54
The charity ends the year with net assets of **£2,026.54** . These reserves are held to facilitate the commencement of the War Memorial restoration project and to cover essential operational costs as the charity rebuilds capacity.
## **Trustee Details & Declarations**
## **Names of the charity trustees who manage the charity**
**Trustee Name Office (if any) Dates acted if not for whole year**
**Adrienne Dickson Lynn Hutcheon Yvonne Gray** Appointed 28th Nov 2024 **Stephen Douglas McKenzie** Resigned during period
## **Declarations**
The trustees declare that they have approved the trustees’ report above.
## **Signed on behalf of the charity’s trustees**
## **L. Hutcheon**
## **A. Dickson**
## **Y. Gray**
**Date:** __________________
## **Friends of Fulwell**
Charity number 1177228 Financial accounts and reports for the year ended 31st March 2025
## **Friends of Fulwell Information**
## **Trustees**
Adrienne Dickson Lynn Hutcheon Yvonne Gray (Appointed 28th November 2024)
## **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 £2094 Total Expenditure £5060 Government Grants included in income £0
1
## **Friends of Fulwell**
## **Balance Sheet as at 31st March 2025**
|**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**|**2025**
**£**
2,026.54
2,026.54
-
0.00
2,026.54
2,026.54
4,992.39
-
-2,965.85
2,026.54|**2024**
**£**
4,992.39
4,992.39
-
0.00
4,992.39
4,992.39
14,407.57
0.00
-9,415.18
4,992.39|
|---|---|---|
2
## **Friends of Fulwell Income and Expenditure Statement Year Ended 31st March 2024**
## **1 Profit and loss account analysis**
|**Income**
Charitable Donations Received
War Memorial donation
Misc Income
Amazon smile
Charities Trust
Covid & Warm spaces Community Support
**Expenditure**
General Community Project Costs
Workers costs
Excess income over expenditure|**2024**
**£**
1,968.77
0.00
5.38
0.00
120.00
0.00
**2,094.15**
60.00
5,000.00
5,060.00
**-2,965.85**|**2023**
**£**
279.25
0.00
0.00
23.73
130.00
1,506.00
**1,938.98**
1,510.00
9,844.16
11,354.16
**-9,415.18**|
|---|---|---|
3
## **Friends of Fulwell Notes to the Accounts as at 31st March 2024**
|**Reserve funds**
# Unrestricted funds
- Allocated funds
Restricted funds||**As At**
**Excess**
**01/04/2023**
**Income**
100.00
-2,965.85
4,892.39
0.00
0.00
0.00
4,992.39
-2,965.85|**Reserves**
**movements**
4,892.39
-4,892.39
0.00
-|**As At**
**31/03/2024**
2,026.54
0.00
0.00
2,026.54|
|---|---|---|---|---|
## **2 Reserve funds**
4