## **Faversham Umbrella**
## **Trustees' Annual Report**
## **Year ended 31 March 2023**
## **Staffing**
Through the last year we have benefited from continuity within our highly professional Management team with Becky Duffy as our Centre Manager and Jessica Urwin as our Programme Manager. Both have continued to develop the Centre and its offering. Becky remains in overall control of Centre, responsible for operations and providing leadership and management to the Centre and staff. Jessica continues to ensure that we continue to offer a diverse programme of classes and events to our visitors and provide coaching, support provided and direction to our volunteer group.
At the earlier part of the year our Kitchen Supervisor left the organisation. We are pleased to report that the position has been filled on a job share basis by Toni Love and Lyn Hopwood. Both Toni and Lyn have volunteered within Umbrella for many years and we consider it a very positive endorsement of our volunteer group that we have been able to recruit for this pivotal position from within their numbers. 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 14 centre volunteers and 9 volunteer group activity leaders registered with us. All centre-based volunteers are DBS checked and have an induction in safeguarding and centre policies. Our Programme Manager is dedicated to the delivery of a training and development programme tailored to the identified needs of our volunteers.
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. We are always keen to hear from new individuals who would like to volunteer with us.
## **Funders and Supporters**
Faversham Umbrella receives no statutory funding and is wholly reliant on the generosity of our funders and supporters. In 2022/23 we have successfully raised grant funding from the following organisations:
- Bensted Charities
- CO-OP
- Faversham Town Council
- Kent Community Foundation
- The National Lottery Community Fund
- Queensberry Fisheries
In addition to these “corporate funders,” we have a number of individual donors and fundraisers who give generously of the time and money to support our work. In addition, we continue to make a modest amount of income through renting space to organisations aligned to our ethos (the majority of who 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. We are extremely grateful for their support as we’ll as the ongoing support of grant funding bodies and individuals who have supported us previously and whose support is ongoing.
**3**
## **Faversham Umbrella**
## **Trustees' Annual Report**
## **Year ended 31 March 2023**
## **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 2023 sees us with £415,260 (2022 £424,080) funds, £362,077 (2022 £367,141) of which is restricted leaving £53,183 (2022 £56,939) unrestricted.
## **Investment policy**
This policy will be re-considered by the trustees as the funds grow. At this point in time we are not in a position to invest.
## **Plans for future periods**
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.
Additionally, the trustees expect to evolve and expand the activities provided within the Centre over the coming years. Alterations to the building to make it more fit for purpose have been initiated, specifically with the upgrade of our Kitchen Facilities, planned for summer 2023. This has been made possible through a generous grant from the FCC Communities Foundation. We are in the process of developing a 5 year strategic plan to facilitate our further expansion. This will be reported in H2 2023.
## **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.
Chair of Trustees 23[rd] June 2023
**4**
## **Faversham Umbrella**
## **Independent Examiner’s Report to the Trustees of Faversham Umbrella**
## **Year ended 31 March 2023**
## **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 2023 which are set out on pages 6 to 15.
## **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.
Signed
John Mulford Institute of Chartered Accountants of Scotland 81 Ashford Road Faversham ME13 8XW
Date 2023
**5**
## **Faversham Umbrella**
## **Statement of Financial Activities (including income and expenditure account)**
## **Year ended 31 March 2023**
|2023
Unrestricted
funds
Restricted
funds
Total funds
**Note**
**£**
**£**
**£**
**Income**
Grants and donations
**4**
11,690
36,395
48,085
Fund raising
2,091
–
2,091
Investment income
**5**
675
-
675
Other income
**6**
23,612
-
23,612
**Total income**
38,068
36,395
74,463
**Expenditure**
Expenditure on raising funds:
Fund raising
314
-
314
Expenditure on charitable activities
**7**
41,510
41,459
82,969
-------------
------ ------
-------------
**Total expenditure**
41,824
41,459
83,283
**Net (expenditure)/income and net**
**movement in funds**
(3,756)
(5,064)
(8,820)
**Transfer between funds**
-
-
-
**Total funds brought forward**
56,939
367,141
424,080
**Total funds carried forward**
53,183
362,077
415,260|2022
£
26,559
1,681
16
12,169
40,425
192
44,140
-------------
44,332
(3,907)
-
427,987|2022
£
26,559
1,681
16
12,169|
|---|---|---|
|||40,425|
|||192
44,140
-------------
44,332|
||424,080||
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 15 form part of these financial statements.**
**6**
## _**FAVERSHAM**_
## _**UMBRELLA**_
_Registered charity No. 1180736_
Annual Report & Accounts YEAR ENDED 31[st] March 2023
## **Faversham Umbrella**
## **Trustees’ Annual Report**
## **Year ended 31 March 2023**
||**Page**|
|---|---|
|Trustees' annual report|**11**|
|Independent examiner's report to the members|**55**|
|Statement of financial activities (including income and expenditure account)|**6**|
|Statement of financial position|**7**|
|Notes to the financial statements|**88**|
**Trustees' Annual Report**
**Year ended 31 March 2023**
## **Faversham Umbrella**
The trustees present their report and the financial statements of the charity for the year ended 31 March 2023
.
## **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 Louise Bareham
## **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 an effective mix of six professional and lay members with experience of relevance 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 2023**
## **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.
## **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 throughout the year.
## **Activities**
Over the past 12 months, we have continued to work collaboratively with a diverse range of partners and volunteers to offer a wide variety of activities. From April 2022 to March 2023 we had 1484 separate attendances at our activities (out of 2663 separate visits to the Centre including those using the Café). Below a snapshot of a typical week in summer.
https://favershamumbrella.org/weekly-activities/
All activities and events offered at, and hosted by, Faversham Umbrella are free for participants. These sessions are delivered by volunteers. We thank them for their enthusiasm, skills and time.
We continue to seek and leverage opportunities to work with other local organisations committed to community support and development. Faversham Umbrella is a founding member of the Faversham Charity Networking Group, and our Centre Manager has assumed a leadership role within this group. We believe that the Faversham’s third sector organisations are stronger together and we look forward to continued co-operation for the benefit of those we serve.
**2**
**Faversham Umbrella**
**Year ended 31 March 2023**
## **Trustees' Annual Report**
## **Staffing**
Through the last year we have benefited from continuity within our highly professional Management team with Becky Duffy as our Centre Manager and Jessica Urwin as our Programme Manager. Both have continued to develop the Centre and its offering. Becky remains in overall control of Centre, responsible for operations and providing leadership and management to the Centre and staff. Jessica continues to ensure that we continue to offer a diverse programme of classes and events to our visitors and provide coaching, support provided and direction to our volunteer group.
At the earlier part of the year our Kitchen Supervisor left the organisation. We are pleased to report that the position has been filled on a job share basis by Toni Love and Lyn Hopwood. Both Toni and Lyn have volunteered within Umbrella for many years and we consider it a very positive endorsement of our volunteer group that we have been able to recruit for this pivotal position from within their numbers. 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 14 centre volunteers and 9 volunteer group activity leaders registered with us. All centre-based volunteers are DBS checked and have an induction in safeguarding and centre policies. Our Programme Manager is dedicated to the delivery of a training and development programme tailored to the identified needs of our volunteers.
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. We are always keen to hear from new individuals who would like to volunteer with us.
## **Funders and Supporters**
Faversham Umbrella receives no statutory funding and is wholly reliant on the generosity of our funders and supporters. In 2022/23 we have successfully raised grant funding from the following organisations:
- Bensted Charities
- CO-OP
- Faversham Town Council
- Kent Community Foundation
- The National Lottery Community Fund
- Queensberry Fisheries
In addition to these “corporate funders,” we have a number of individual donors and fundraisers who give generously of the time and money to support our work. In addition, we continue to make a modest amount of income through renting space to organisations aligned to our ethos (the majority of who 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. We are extremely grateful for their support as we’ll as the ongoing support of grant funding bodies and individuals who have supported us previously and whose support is ongoing.
**3**
**Trustees' Annual Report**
**Year ended 31 March 2023**
## **Faversham Umbrella**
## **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 2023 sees us with £415,260 (2022 £424,080) funds, £362,077 (2022 £367,141) of which is restricted leaving £53,183 (2022 £56,939) unrestricted.
## **Investment policy**
This policy will be re-considered by the trustees as the funds grow. At this point in time we are not in a position to invest.
## **Plans for future periods**
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.
Additionally, the trustees expect to evolve and expand the activities provided within the Centre over the coming years. Alterations to the building to make it more fit for purpose have been initiated, specifically with the upgrade of our Kitchen Facilities, planned for summer 2023. This has been made possible through a generous grant from the FCC Communities Foundation. We are in the process of developing a 5 year strategic plan to facilitate our further expansion. This will be reported in H2 2023.
## **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.
Chair of Trustees 23[rd] June 2023
**4**
## **Faversham Umbrella**
## **Independent Examiner’s Report to the Trustees of Faversham Umbrella**
## **Year ended 31 March 2023**
## **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 2023 which are set out on pages 6 to 15.
## **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.
Signed
John Mulford Institute of Chartered Accountants of Scotland 81 Ashford Road Faversham ME13 8XW
Date 2023
**5**
## **Faversham Umbrella**
## **Statement of Financial Activities (including income and expenditure account)**
## **Year ended 31 March 2023**
|||||2023||2022|2022||
|---|---|---|---|---|---|---|---|---|
|||Unrestricted
Restricted|||||||
|||funds||funds|Total funds||||
||**Note**|**£**||**£**||**£**|£||
|**Income**|||||||||
|Grants and donations|**4**|11,690||36,395||48,085|26,559||
|Fund raising||2,091||–||2,091|1,681||
|Investment income|**5**|675||-||675|16||
|Other income|**6**|23|,612|-||23
,612|12|,169|
|**Total income**||38|,068|36,395||74
,463|40|,425|
|**Expenditure**|||||||||
|Expenditure on raising funds:|||||||||
|Fund raising||314||-||314|192||
|Expenditure on charitable activities|**7**|41,510||41,459||82,969|44,140||
|||-------------||------ ------||-------------|-------------||
|**Total expenditure**||41|,824|41
,459||83
,283|44|,332|
|**Net (expenditure)/income and net**|||||||||
|**movement in funds**||(3,756)||(5,064)||(8,820)|(3,907)||
|**Transfer between funds**||-||-||-|-||
|**Total funds brought forward**||56|,939|367
,141||424
,080|427|,987|
|**Total funds carried forward**||53|,183|362
,077||415
,260|424|,080|
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 15 form part of these financial statements.**
**6**
## **Faversham Umbrella**
## **Statement of Financial Position**
## **31 March 2023**
|||**2023**||2022|
|---|---|---|---|---|
|||**£**||£|
|**Fixed assets**|||||
|Tangible fixed assets|**11**|350,000||350,000|
|**Current assets**|||||
|Debtors|**12**|730||858|
|Cash at bank and in hand||66,734||74,052|
|||-------------------------|||
|||-||---------------|
|||67,464||74,910|
|**Creditors: amounts falling due within one year**||2,204||830|
|||-------------------------|||
|||-||--------------|
|**Net current assets**||65,260||74,080|
|||-------------------------|||
|||-||---------------|
|**Total assets less current liabilities**||415,260||424,080|
|||=============|||
|||====|==========||
|**Funds of the charity**|||||
|Restricted funds||362,077||367,141|
|Unrestricted funds||53,183||56,939|
|||-------------------------|||
|||-||---------------|
|**Total charity funds**|**13**|415,260||424,080|
|||=============|||
|||====|==========||
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
23 June 2023
**The notes on pages 8 to 15 form part of these financial statements.**
**7**
## **Faversham Umbrella**
## **Notes to the Financial Statements**
## **Year ended 31 March 2023**
## **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.
**8**
## **Faversham Umbrella**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2023**
**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.
**9**
**Notes to the Financial Statements** _**(continued)**_
## **Faversham Umbrella**
## **Year ended 31 March 2023**
## **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 cashgenerating 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.
.
**10**
## **Faversham Umbrella**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2023**
## **4. Grants and donations**
||Unrestricted|Restricted|Restricted|**Total**|**Funds**|2022|
|---|---|---|---|---|---|---|
||Funds||funds||**2023**||
||£||**£**||£|£|
|Kent Community Foundation|-||7,000||7,000|2,000|
|Faversham Town Council|-||4,000||4,000|5,000|
|Swale Council|-||-||-|11,000|
|Groundwork UK|||-||-|1,125|
|Fisheries Trust|-||6,000||6,000|-|
|Bensted Charities|-||1,033||1,033|-|
|Faversham Community Networking||||||-|
|Group|2,140||7,362||9,502||
|Lottery Community Fund|||11,000||11,000|5,500|
|Coop|2,256||-||2,256||
|Donations|7,294||-||7,294|1,934|
||-------------------------|-------------------------||-------------------------||-------------|
||-||-||-||
||11,690||36,395||48,085|26,559|
||=============|=============||=============||=========|
||====||====||====||
|**Investment income**|||||||
||Unrestricted|**Total**|**Funds**||||
||Funds||**2023**||2022||
||£||**£**||£||
|Bank interest|675||675||16||
||=============|=============|||=====||
||====||====||||
## **5. Investment income**
## **6. Other income**
||Unrestricted
**Total Funds**|Unrestricted
**Total Funds**||
|---|---|---|---|
||Funds|**2023**|2022|
||£|**£**|£|
|Room hire|11,906|11,906|7,417|
|Cafe|7,412|7,412|4,003|
|Miscellaneous|4,294|4,294|749|
||--------|--------|---------|
||23,612|23,612|12,169|
||=======|=======|========|
**11**
**Notes to the Financial Statements** _**(continued)**_
## **Faversham Umbrella**
## **Year ended 31 March 2023**
## **7. Total Resources Expended**
|**Basis of**
**Allocation**|**Charitable**
**Governanc**
**e**
**2023**
**2022**
**Activities**
**Total**|
|---|---|
|**Direct costs**
Staff costs
Direct
Insurance
Direct
Utilities
Building maintenance
Direct
Networking grants
Direct
Client support
Direct
Cafe
Direct
**Support costs allocated**
Comms, stationery & travel
Usage
Other costs
Trans
HR services
Usage
Depreciation
Usage
**Total resources**
**expended**|50,871
-
50,871
28,87
4
1,975
-
1,975
1,823
5,592
-
5,592
1,800
2,740
-
2,740
5,746
7,362
-
7,362
-
1,272
-
1,272
1,235
2,926
-
2,926
1,633
672
-
672
1,079
5,582
-
5,582
1,122
3,977
-
3,977
-
-
-
-
828|
||82,969
-
82,969
44,14
0|
## **8. Net (expenditure)/income**
Net (expenditure)/income is stated after charging/(crediting):
||**2023**||2022|
|---|---|---|---|
||**£**||£|
|Depreciation of tangible fixed assets||-|828|
||=========||=======|
**12**
**Notes to the Financial Statements** _**(continued)**_
## **Faversham Umbrella**
## **Year ended 31 March 2023**
## **9. Staff costs**
The total staff costs and employee benefits for the reporting year are analysed as follows:
||**2023**|2022|
|---|---|---|
|Wages and salaries|47,059|28,124|
|Social security costs|2,122|750|
|Pension costs|1.690|-|
||-------------|------------|
||50,871|28,874|
||========|========|
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:
||**2023**|2022|
|---|---|---|
||**No.**|No.|
|Centre staff|21|111|
||--------------|--------|
||2|1|
||=========|=====|
No employee received employee benefits of more than £60,000 (2022 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 (2022 nil). No expenses were reimbursed to trustees during the year (2022 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.
**13**
## **Faversham Umbrella**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2023**
## **11. Tangible fixed assets**
|||Freehold||Plant and|||
|---|---|---|---|---|---|---|
|||property|machinery|||**Total**|
|||£||£||**£**|
||**Cost**||||||
||Brought forward|350,000||2,711||352,711|
||Additions|-||-||-|
||At 31 March 2023|350,000||2,711||352,711|
|||=============|=============||=============||
|||====||====||====|
||**Depreciation**||||||
||Brought forward|-||2,711||2,711|
||Charge for year|-||-||-|
|||-------------------------|-------------------------||-------------------------||
|||-||-||-|
||**At 31 March 2023**|-||2,711||2,711|
|||=============|=============||=============||
|||====||====||====|
||**Net written down value**||||||
||**At 31 March 2023**|350,000||-||350,000|
|||=============|=============||=============||
|||====||====||====|
||**Net written down value**||||||
||**At 31 March 2022**|350,000||-||350,000|
|||=============|=============||=============||
|||====||====||====|
|**12.**|**Debtors**||||||
|||||**2023**||2022|
|||||**£**||£|
||Other debtors|||730||858|
|||||---------||--------|
|||||730||858|
|||||======||=====|
|**13**|**Analysis of charitable funds**||||||
||**Unrestricted funds**||||||
||General funds|||**2023**||2022|
||At 1.4.22|||56,939||54,549|
||Income|||38,068||16,925|
||Expenditure|||(41,824)||(14,535)|
||Transfer between funds|||-||-|
|||||-------------||------------|
|||||53,183||56,939|
|||||========||========|
**14**
## **Faversham Umbrella**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2023**
## **13. Analysis of charitable funds** _**(continued)**_
## **Restricted funds**
||At 1.4.22|Income
Expendi|Income
Expendi|||At|
|---|---|---|---|---|---|---|
||||ture||31.3.23||
||£||£|||£|
|Building|350,000|-|–|||350,000|
|Kent Community|-|7,000|||||
|Foundation|||(5,592)|||1,408|
|Faversham town council|4,280|4,000|(4,280)|||4,000|
|Queenborough||6,000|||||
|Fisheries Trust|4,002||(4,002)|||6,000|
|Edward Vincent|2,860|-|(2,191)|||669|
|Bensted Charities|499|1,033|(1,532)|||-|
|Lottery Fund|5,500|11,000|(16,500)|||-|
|Faversham Networking|-|7,362|||||
|Group|||(7,362)|||-|
||-----------|----------|--------||--------------||
||367,141|36,395|41,459|||362,077|
||==========|==========|====== ==|=============|||
|urpose of restricted funds is as follows:|||||||
|ing which shows the valuation of the property we own.|||||||
|Community Foundation to assist with loss of income re covid|||||||
|rsham Town council to fund Youth project|||||||
|ries Trust for Food in Crisis Project|||||||
|rd Vincent to assist with website costs and support|||||||
|ted Charities to assist with training|||||||
|ry Fund to cover ongoing expenses|||||||
|rsham Networking Group is the funding we receive as||lead and pass|onto other|groups|||
|**Analysis of net assets between funds**|||||||
|||Unrestricted|Restricted||**Total Funds**||
|||Funds|Funds|||**2023**|
|||£|£|||**£**|
|Tangible fixed assets||-|350,000|||350,000|
|Current assets||55,387
12,077||||67,464|
|Creditors less than 1 year||(2,204)||–||(2,204)|
|||-------------------------|-------------------------||-------------------------||
|||-||-||-|
|**Net assets**||53,183
362,077||||415,260|
|||=============|=============||=============||
|||====|====|||====|
The purpose of restricted funds is as follows:
Building which shows the valuation of the property we own. Kent Community Foundation to assist with loss of income re covid Faversham Town council to fund Youth project
Fisheries Trust for Food in Crisis Project Edward Vincent to assist with website costs and support Bensted Charities to assist with training Lottery Fund to cover ongoing expenses
Faversham Networking Group is the funding we receive as lead and pass onto other groups
## **14. Analysis of net assets between funds**
## **15. Related Party Transactions**
No related party transactions took place during the year or previous period
**15**
Faversham Umbrella
Independent ExamiMrf3 Report to the Trustees of Faversham Umbrella
Year ended 31 March 2023
Indopendent Examiners Report to th• of Fav•rnh•n Umbr•lla
l pOrt to the trustees on my examination of the aLXX)urrts of the aly)ve charity for the year ended 31
March 2023 which are set out on pages 6 to 15.
R•sponslbllltle8 and bo81s of voport
As the charity trustees, you are resnSIble for the weparation of Ihe accounts in accordance wilh the
requirements of the Chanties Act 2011 ('the Arf).
I rewt in resF*d of my examinath)n of the charty's £yJnts Carried t under section 145 of the 2011
Act and in carying out my ewninalion, I have followed all the ap1¢able DirectK)ns given by the Chaiity
Commission under section 145(5)(b) of the Act
Independont •xamlnof• 8tat•m
I have completed my examination. I confinn that materol matters have o)me to my attention in
connection wrth the examinalw)n *thich gives me cause to believe that in any material respect
the accounting records We not kept in accordan with seclion 130 of the Charities Act.. or
the accounts did not accord with the a(oUnting records., or
the accounts did not comply wth the applieable requirements (xxwing the fomi and content of
accounts set oui in the Charilies (Accounts and Reports) Regulat)n$ 2008 other than any
requirement that the accounts give a'true arKt Fairf view which ts not a matter conSered as part ol
an independent examinatK)n.
I have no ConM$ and have come across no other rnatters in connection with the examination lo which
attents'on should be dravm in this report in order to enable a proper understanding of the accounts to be
reached.
Slgned
John Mulford
Institute of Chartered A¢¢ountants of Scotland
81 Ashford Road
Faversham
ME138XW
21723