## FAVERSHAM UMBRELLA Registered charity No. 1180736
Annual Report & Accounts YEAR ENDED 31[st] March 2022
## **Faversham Umbrella**
## **Trustees’ Annual Report**
## **Year ended 31 March 2022**
||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Independent examiner's report to the members|**6**|
|Statement of financial activities (including income and expenditure account)|**7**|
|Statement of financial position|**8**|
|Notes to the financial statements|**9**|
**Faversham Umbrella**
## **Trustees' Annual Report**
## **Year ended 31 March 2022**
The trustees present their report and the financial statements of the charity for the year ended 31 March 2022
.
## **Reference and administrative details**
**Registered charity name** Faversham Umbrella **Charity registration number** 1180736 **Principal office and registered** Court Street, Faversham **Office** ME13 7AT
## **The Trustees**
John Irwin - Chairperson Hilary Adams – Treasurer Mary Chippendale – Secretary James Matthews Lisa Nissen – appointed 29.6.21 Louise Bareham – appointed 14.9.21 Miranda Ford – resigned 29.6.21 Mark Hinton – resigned 1.6.21
## **Independent Examiner**
J Mulford 81 Ashford Road Faversham ME13 8XW
## **Structure, governance and management**
Faversham Umbrella is an ‘Association' Charitable Incorporated Organisation (CIO), which allows registered Friends of the Charity to vote on certain policy matters.
The Board of Trustees consists of a mix of professional and experienced lay members relating to the overall needs of the Charity. The day-to-day management of the Charity is delegated to the management team. External advice is sought from various agencies to ensure up to date methodologies are employed.
The Chair of Trustees reviews the board every year with the aim of identifying training needs and the board's general effectiveness.
**1**
**Faversham Umbrella**
## **Trustees' Annual Report**
## **Year ended 31 March 2022**
## **Trustee Board**
The trustee board named above is an effective mix of six members.
The resigning Trustees were Miranda Ford (formerly chairperson) and Mark Hinton. We thank Miranda and Mark whole heartedly for the expertise and commitment given to Faversham Umbrella over the years.
Following their departure, we began our process of seeking new Trustees. The process involved identifying the skills gaps created by the resignations and advertising for suitable candidates. Shortlisting of interested parties was followed by an initial interview with the Chairperson, comparing candidates’ skills and attributes with the identified needs. Three candidates were interviewed and two taken forward to meet the other trustees. Following successful interactions both were formally co-opted.
## **Risk Management**
During the year the Trustees have reviewed all major risks which the Charity could suffer and confirm all necessary action has been taken to mitigate.
## **Objectives and activities**
Faversham Umbrella is a community organisation that supports and enhances the mental health and emotional wellbeing of all vulnerable people in Faversham and the wider area. We aim to provide support for all in need in a safe and non-judgmental environment. We provide, education, recreation, companionship, and support.
## **Activities**
2021-2022 was a pivotal year for Faversham Umbrella as we finally re-opened the Centre following a period of prolonged, then periodic, closure due to the public health restrictions imposed in response to the Covid-19 Pandemic.
Re-opening began tentatively on Tuesday 18th May 2021 with socially distanced coffee mornings which for many of our previously regular visitors, marked their first regular face to face social interactions since the initial ‘stay at home’ order, issued on 23rd March 2020. Our summer Fayre in August 2021 marked our full re-opening with an ‘official’ opening presided over by the Deputy Lord Lieutenant of Kent and the Mayor of Faversham, Cllr Alison Reynolds BEM taking place in October 2021.
**2**
**Faversham Umbrella**
## **Trustees' Annual Report**
## **Year ended 31 March 2022**
## **Activities(cont.)**
Over the past 12 months, working collaboratively with a diverse range of partners and volunteers, we have been able to offer:
- adult education sessions on job searching, CV writing, Interview skills, IT literacy, Healthy Eating and Healthy Living, confidence building and self Esteem
- classes in art, craft and making, mindfulness and relaxation, yoga, conversational French, sewing, crochet and music
- a local venue for Kent Community Health Visiting Service, a Hearing-Impaired Social Group, Hi Kent and the KCC digital inclusion team
- a Thursday evening Youth Club in conjunction with Creed Outdoor Learning
- vouchers for the Food bank and free meals to those with an identified need.
- work placements to student from Canterbury College and Meadowfield School
- a temporary home for Faversham Sea Scouts when their existing premises became unsuitable
All activities and events offered at, and hosted by, Faversham Umbrella are free for participants.
We continue to seek and leverage opportunities to work with other local organisations committed to community support and development. To this end the Centre Manager has recently convened the first meeting of the _Faversham Charity Networking Group_ , an initiative we hope to assume a leadership role within.
## **Staffing**
In May 2021 we welcomed a new Manager, Karen Abel, to Faversham Umbrella who played a hugely important role in driving the safe re-opening of the Centre and the broadening of our offer to the vulnerable and marginalised in our community. Karen left us in January 2022 to begin her retirement. In March 2022 our Deputy Manager, Sophie Roberts, left us. Sophie played a key role in offering regular phone support, signposting, and remote activities through the pandemic. We are extremely grateful to Sophie for her tenacity and positivity during this challenging period.
We thank them both for their significant energy and enthusiasm in bringing the mission of Umbrella to a greater number of individuals through their creativity and dedication during their time with us.
In March 2022 we welcomed a new Centre Manager, Becky Duffy, to Umbrella. Becky was the Manager at Umbrella from 2019 to early 2021 and we were delighted that she agreed to return to us. Becky has provided direction and support to a new management team through a period of substantial change, and we are confident we have the right leader in place to support our continued growth in 2022 and beyond. With the departure of our Deputy Manager, we took the opportunity to re-scope and redefine the role to create a new role of Programme Manager. This position has been filled by Jessica Urwin from April 2022. We are delighted to report that her appointment has seen an expansion in the diverse programme of classes and events offered to our visitors and the level coaching and support provided to our volunteer group. Given the increased demands on the Café since re-opening, we created the role of Café Supervisor in February 2022, a position that is ably filled by Ria Messager. Ria
**3**
**Faversham Umbrella**
## **Trustees' Annual Report**
## **Year ended 31 March 2022**
## **Staffing (cont)**
has enabled us to increase the breadth of food offering to better serve the needs of our visitors. In addition, her appointment has freed up volunteers to operate as café befrienders. The Café Supervisor is a critical role for us as the first point of contact for centre visitors.
## **Volunteers**
Our volunteer group are and continue to be the lifeblood of our organisation, without whom we would be unable to function. We currently have 22 volunteers registered with us. Individuals volunteer for a variety reasons, often very personal in nature. We have several individuals who have volunteered with us faithfully over a number of years and some who give generously for a shorter period, including one off projects. Consequently, we are always keen to hear from new individuals who would like to volunteer with us. All centre-based volunteers are DBS checked and have an induction in safeguarding and centre policies. With the creation of our Programme Manager position we now have a person dedicated to the delivery of a training and development programme tailored to the identified needs of our volunteers. This programme is in progress and is already resulting in improvements in volunteer effectiveness and fulfilment.
We remain extremely grateful to our volunteers for their unwavering support over the past year and hope that we can continue to benefit from their generosity of time and spirit.
## **Funders and Supporters**
Faversham Umbrella does not receive any statutory funding. We make a modest amount of income through renting space to organisations aligned to our ethos (the majority of whom are themselves charities) and our Café, which is run on a not-for-profit basis. Faversham Umbrella only exists as a going concern due to the generosity of those that provide us with grant funding and donations, the details of which are provided elsewhere in this report.
## **Looking Forward**
The coming year will be one of continued work to provide support to the vulnerable and marginalised, a section of our community that had unfortunately grown in number during the pandemic and is likely to continue to grow with the looming cost of living crisis. The Trustees have every confidence in the dedication and competence of our Management Team and volunteers and we thank them, our funders, and supporters for their continued engagement.
## **Financial Review**
The accounts are prepared on an accrual basis. The statement of accounts and financial activities are to be found on pages 6/7.
**4**
**Faversham Umbrella**
## **Trustees' Annual Report**
## **Year ended 31 March 2022**
## **Reserves policy**
The purpose of the Reserves are firstly to operate as a working balance to help manage the impact of uneven cash flows and secondly, to provide a contingency to cushion the impact of emerging or unforeseen events or genuine emergencies. In general, a robust level of reserve should be maintained and take account of operational and financial issues facing Faversham Umbrella. A well-run charity with a prudent approach to setting its budget will each year consider its’ reserves.
In assessing the level of Faversham Umbrella reserves, account has been taken of the risks facing the Charity, in terms of any known significant expenditure requirements and contingency for any unforeseen expenditure requirements.
A period of 9 months reserves has been agreed with a preference for 12 months as the Charity grows. £12k cash flow and £25k general reserve risks = £37k. Year ended March 2022 sees us with £424,080 (2021 427,987) funds £367,141 (2021 £373,438) of which is restricted leaving £56,939 (2021 £54,549) unrestricted.
## **Investment policy**
This policy will be re-considered by the trustees as the funds grow. At this point in time we are in no position to invest.
## **Public benefit**
The trustees have had due regard to the Commission’s guidance on public benefit, known as ‘the public benefit statement’ as shown by the activities of the charity even during the period of Covid throughout the year.
## **Plans for future periods**
The trustees expect to evolve and expand the activities provided, by working together with the clients, to provide a greater range of support, recreation, education and companionship. Major alterations to the building to make it more fit for purpose are intended.
## John Irwin
J Irwin Chair of Trustees
Date 13 September 2022
**5**
## **Faversham Umbrella**
## **Independent Examiner’s Report to the Trustees of Faversham Umbrella**
## **Year ended 31 March 2022**
## **Independent Examiner's Report to the Trustees of Faversham Umbrella**
I report to the trustees on my examination of the accounts of the above charity for the year ended 31 March 2022 which are set out on pages 7 to 17.
## **Responsibilities and basis of report**
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in any material respect:
1. the accounting records were not kept in accordance with section 130 of the Charities Act; or
2. the accounts did not accord with the accounting records; or
3. the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts 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 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.
## John Mulford
Signed
John Mulford Institute of Chartered Accountants of Scotland 81 Ashford Road Faversham ME13 8XW
Date 14 November 2022
**6**
## **Faversham Umbrella**
## **Statement of Financial Activities (including income and expenditure account)**
## **Year ended 31 March 2022**
|2022
Unrestricted
funds
Restricted
funds
Total funds
**Note**
**£**
**£**
**£**
**Income**
Grants and donations
**4**
3,059
23,500
26,559
Fund raising
1,681
–
1,681
Investment income
**5**
16
-
16
Other income
**6**
12,169
-
12,169
**Total income**
16,925
23,500
40,425
**Expenditure**
Expenditure on raising funds:
Fund raising
192
-
192
Expenditure on charitable activities
**7**
14,343
29,797
44,140
-------------
------ ------
-------------
**Total expenditure**
14,535
29,797
44,332
**Net (expenditure)/income and net**
**movement in funds**
2,390
(6,297)
(3,907)
**Transfer between funds**
-
-
-
**Total funds brought forward**
54,549
373,438
427,987
**Total funds carried forward**
56,939
367,141
424,080|2021
£
51,589
370
45
1,852
53,856
-
37,869
-------------
37,869
15,987
-
412,000|2021
£
51,589
370
45
1,852
53,856|
|---|---|---|
|||-
37,869
-------------
37,869|
||427,987||
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 8 to 16 form part of these financial statements.**
**7**
## **Faversham Umbrella**
## **Statement of Financial Position**
## **31 March 2022**
|||**2022**|2021|
|---|---|---|---|
|||**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**11**|350,000|350,000|
|**Current assets**||||
|Debtors|**12**|858|596|
|Cash at bank and in hand||74,052|77,391|
|||--------------------------|---------------|
|||74,910|77,987|
|**Creditors: amounts falling due within one year**||830|-|
|||--------------------------|--------------|
|**Net current assets**||74,080|77,987|
|||--------------------------|---------------|
|**Total assets less current liabilities**||424,080|427,987|
|||=================|==========|
|**Funds of the charity**||||
|Restricted funds||367,141|373,438|
|Unrestricted funds||56,939|54,549|
|||--------------------------|---------------|
|**Total charity funds**|**13**|424,080|427,987|
|||=================|==========|
The financial statements were approved and authorised for issue by the Board of Trustees on and signed on its behalf by
…………………………..
J Irwin – Chair of Trustees 13 September 2022
**The notes on pages 8 to 16 form part of these financial statements.**
**8**
## **Faversham Umbrella**
## **Notes to the Financial Statements**
## **Year ended 31 March 2022**
## **1. General information**
The charity is a charitable incorporated organisation registered in England and Wales. The address of the registered office is 17 Tanners Street, Faversham, ME13 7JP.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011. The charity constitutes a public benefit entity.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £.
## **Disclosure exemptions**
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the exemption of including a cash flow statement.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
**9**
## **Faversham Umbrella**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2022**
## **3. Accounting policies** _**(continued)**_
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Tangible assets**
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
**10**
## **Faversham Umbrella**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2022**
## **3. Accounting policies** _**(continued)**_
## **Tangible assets** _**(continued)**_
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 0% straight line Equipment - 100% straight line
## **Impairment of fixed assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
## **Debtors and prepayments**
Trade and other debtors are recognised at the settlement amount due after any trade discounts. Prepayments are valued at the amount prepaid net of any discounts.
## **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 to a third party and the amount to settle the obligation can be measured or estimated reliably.
.
**11**
## **Faversham Umbrella**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2022**
## **4. Grants and donations**
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|Unrestricted|Restricted|Total Funds|2021|
|Funds|funds|2022|
|£|£|£|£|
|-|
|Kent Community Foundation|2,000|2,000|3,000|
|Faversham Town Council|-|5,000|5,000|100|
|Swale Council|-|11,000|11,000|21,021|
|Groundwork UK|1,125|-|1,125|
|Edward Vision|-|-|-|5,000|
|-|-|-|
|Colyer Ferguson|3,000|
|Bensted Charities|-|-|-|1,050|
|Tesco – bags of help|-|-|-|500|
|Swale Members|-|-|-|650|
|Lottery Community Fund|5,500|5,500|9,999|
|Allen Lane|-|-|-|2,500|
|Donations|1,934|-|1,934|4,769|
|-------------------------- -------------------------- --------------------------|-------------|
|3,059|23,500|26,559|51,589|
|================= ================= =================|=========|
**----- End of picture text -----**
## **5. Investment income**
**----- Start of picture text -----**
|||||
|---|---|---|---|
|Unrestricted|Total Funds|
|Funds|2022|2021|
|£|£|£|
|Bank interest|16|16|45|
|================= =================|=====|
**----- End of picture text -----**
## **6. Other income**
**----- Start of picture text -----**
|||||
|---|---|---|---|
|Unrestricted|Total Funds|
|Funds|2022|2021|
|£|£|£|
|Room hire|7,417|7,417|1,330|
|Cafe|4,003|4,003|-|
|Miscellaneous|749|749|522|
|--------|--------|---------|
|12,169|12,169|1,852|
|=======|=======|========|
**----- End of picture text -----**
**12**
## **Faversham Umbrella**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2022**
## **7. Total Resources Expended**
|**Basis of**
**Allocation**|**Charitable Governance**
**2022**
**2021**
**Activities**
**Total**|
|---|---|
|**Direct costs**
Staff costs
Direct
Insurance
Direct
Utilities
Building maintenance
Direct
Client support
Direct
Cafe
Direct
**Support costs allocated**
Comms, stationery & travel
Usage
Other costs
Trans
Depreciation
Usage
**Total resources expended**|28,874
-
28,874
22,783
1,823
-
1,823
1,750
1,800
-
1,800
1,990
5,746
-
5,746
6,462
1,235
-
1,235
2,613
1,633
-
1,633
-
1,079
-
1,079
1,551
1,122
-
1,122
720
828
-
828
-
44,140
-
44,140
37,869|
## **8. Net (expenditure)/income**
Net (expenditure)/income is stated after charging/(crediting):
Depreciation of tangible fixed assets
**2022** 2021 **£** £ 828 - ========= =======
**13**
## **Faversham Umbrella**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2022**
## **9. Staff costs**
The total staff costs and employee benefits for the reporting year are analysed as follows:
||**2022**|2021|
|---|---|---|
|Wages and salaries|28,124|22,095|
|Social security costs|750|688|
|Pension costs|-|-|
||-------------|------------|
||28,874|22,783|
||========|========|
The average head count of employees during the year was 3. The average number of full-time equivalent employees during the year is analysed as follows:
||**2022**|2021|
|---|---|---|
||**No.**|No.|
|Centre staff|11|111|
||--------------|--------|
||1|1|
||==============|=====|
No employee received employee benefits of more than £60,000 (2021 nil) during the Year.
## **Key Management Personnel**
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £nil .
## **10. Trustee remuneration and expenses**
No trustees received any remuneration during the year (2021 nil). No expenses were reimbursed to trustees during the year (2021 nil).
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year or previous period.
**14**
## **Faversham Umbrella**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2022**
## **11. Tangible fixed assets**
|**Cost**
Brought forward
Additions
At 31 March 2022
**Depreciation**
Brought forward
Charge for year
**At 31 March 2022**
**Net written down value**
**At 31 March 2022**
**Net written down value**
**At 31 March 2021**
**12.** **Debtors**
Other debtors
**13**
**Analysis of charitable funds**
**Unrestricted funds**
General funds
At 1.4.21
Income
Expenditure
Transfer between funds|Freehold
property
£
350,000
-
|Plant and
machinery
£
1,883
828
2,711
=================
1,883
828
--------------------------
2,711
=================
-
=================
-
=================
**2022**
**£**
858
---------
858
======
**2022**
54,549
16,925
(14,535)
-
-------------
56,939
========|**Total**
**£**
351,883
828
352,711
=================
1,883
828
--------------------------
2,711
=================
350,000
=================
350,000
=================
2021
£
596
--------
596
=====
2021
50,496
28,057
(23,412)
(592)
------------
54,549
========|
|---|---|---|---|
||350,000
=================
-
-
--------------------------
-
=================
350,000
=================
350,000
=================|||
**15**
## **Faversham Umbrella**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2022**
## **13. Analysis of charitable funds** _**(continued)**_
## **Restricted funds**
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|At 1.4.21|Income|Expendi|At|
|ture|31.3.22|
|£|£|£|
|-|–|
|Building|350,000|350,000|
|Swale council|-|11,000|(11,000)|-|
|-|
|Kent Community|2,000|
|Foundation|(2,000)|-|
|Faversham town council|4,913|5,000|(5,633)|4,280|
|-|
|Colyer Ferguson|1,916|(1,916)|
|Queenborough|
|Fisheries Trust|5,000|(998)|4,002|
|Edward Vision|3,898|-|(1,038)|2,860|
|Bensted Charities|1,000|(501)|499|
|-|
|Lottery Community|4,094|
|Fund|(4,094)|-|
|-|-|
|Lottery Fund|5,500|5,500|
|Allen Lane|2,500|(2,500)|-|
|Miscellaneous|117|-|(117)|-|
|-----------|----------|--------|--------------|
|373,438|23,500|(29,797)|367,141|
|==========|==========|====== ==|=============|
**----- End of picture text -----**
The purpose of restricted funds is as follows:
Building which shows the valuation of the property we own. Swale Council for a festive art project.
Kent Community Foundation to assist with loss of income re covid Faversham Town Council to assist with loss of income re covid Colyer Ferguson to assist with wages Fisheries Trust for Food in Crisis Project Edward Vision to assist with website costs and support Bensted Charities to assist with training Faversham Town council to fund Youth project Lottery Community Fund to cover loss of income re covid Lottery Fund to cover ongoing expenses Allen Lane to cover wages Miscellaneous for building improvements
**16**
## **Faversham Umbrella**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2022**
## **14. Analysis of net assets between funds**
**----- Start of picture text -----**
|||||
|---|---|---|---|
|Unrestricted|Restricted|Total Funds|
|Funds|Funds|2022|
|£|£|£|
|-|
|Tangible fixed assets|350,000|350,000|
|Current assets|57,769|17,141|74,910|
|–|
|Creditors less than 1 year|(830)|(830)|
|-------------------------- -------------------------- --------------------------|
|Net assets|56,939|367,141|424,080|
|================= ================= =================|
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## **15. Related Party Transactions**
No related party transactions took place during the year or previous period
**17**