FAVERSHAM umbrella ANNUAL REPORT & AccouNTS YEAR ENDED 31 ST MARCH 2024 REGISTERED CHARITY Ivo. 1180736
Financial Statements Year Ended March 2024 FAVERSHAM umbrella Contents Trustees, Annual Report Independent Examinerfs Report 15 Slalement of Financial Activities 16 Balance Sheet 17 Notes lo the Financial Statements 18
Trustees, Annual Report Year Ended March 2024 FAVERSHAM umbrella The Trustees present their report and the financial statements of the charity for the year ended 31 March 2024. Reference and administrative details Registered Charity Name Faversham Umbrella Charlty Registration Number 1180736 Principal Office and Registered Umbrella Building, Couri Street, Faversham Office ME13 7AT The Trustees Louise Bareham- Chairperson Hilary Adams- Treasurer Mary Chippendale- Secretary John Irwin James Matthews Lisa Nissen Independent Examiner J MuSford 81 Ashford Road Faversham ME138XW
Trustees, Annual Report Year Ended March 2024 FAVERSHAM umbrella structure, Governance and Management Faversham Umbrella is a Charitable Incorporated Organisation (CIO). The Board of Trustees consists of an effective mix of 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 soughtfrom 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. 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. Objoctives 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 widerarea. We aim to provide supportforall in need in a safe and non-judgmental environment. We provide education, recreation, companionship, and support. Publlc beneflt 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 throughoutthe year.
Trustees, Annual Report Year Ended March 2024 FAVERSHAM umbrella We have had a positive 2023-2024 Our vision is to provide a vibran( safe space for veryone. Supporting our local community by workin together to help increase independence, seLf-esteem and confidence. Building friendship and support network& e open Engagement Numlxr&.' 012023 to 31413-2024 ffee zTrJo AcFivi+ies FJirfJAfi YiTrJ Engag8m8nt Composition: ol-2023 to 31-03-2024 Over s0 Visi+ our Czfe Cale • Aclwilies • Mooli FDodbaiik 12.1% Red Zebra Fopwaro Tcusl Olhor 24.3%. 57.6% OIPie¢
Trustees, Annual Report Year Ended March 2024 CA umbrella FAVERSHAM We were successful with funding from FCC Communitles to upgrade our kitchen to a commercial layout With the support of Faversham Town Council FAVERSHAM umbrella CAFE c ts¢' w i- Jl,Ii W4fm W, LUNCH
Trustees, Annual Report Year Ended March 2024 FAVERSHAM umbrella Weekly Activities are run by volunteers. Allowing Faversham UmbrelLa to offer them to the communty for free FAVERSHAM umbrella ACTIVITIES Reasons forAttendlngAcll¥ltl¢$ lan- M4r2Q24 IL84 Eirgiw so upliftl b¢irq st Je4ié2ftduaY4 U>elu)fni umbrella d¥V kyF Ilii i) [$¢0 .. eXcdl"e ITrX-IBK.= Ik'.D I'.r<J Example Tirne Table
Trustees, Annual Report Year Ended March 2024 CA umbrella FAVERSHAM FAVERSHANI umbrella w.e have partnered with AduLt Educatio to offer training courses for fun and upskillin TRAINING & EDUCATION Courses Included: Food Safety konl odull .ducoliOII -L2 HABC certificated. Food Allergen Awareness and Control in Catering -L2 HABC certificated. Emergency First Aid at Work This course 15 certificated by Qualsafe L3. Introduction to Safeguarding Conflict management -L2 HABC certificated. Al50, thanks to Faversham Umbrella's Introduction to Safeguarding course. our existing policy 15 being updated, and we have clear inforniation that we can share with our member& q1 pa+endees Courses were delivered dearLy and professionally
Trustees, Annual Report Year Ended March 2024 CA umbrella FAVERSHAM Partnerships Faversham Umbrella has partnered with several other local organisations to offer a more rounded support to our community frorn within our buidling, Z=BRA Forword Formerly RAPT Tokal of recofded. rnofe ad.hoc notr recofdedon ovr drtFAbA8e 10 Clieth frorrt Urnbrell OfMovs14 ithPOrtohF+o elcoffiing, YKn jvdgemefttrAI, sate, cceEwble wce 40 rneetrdienls. On average 6 to 8 clients are invited to appointments each Friday with me and attendance tends to be at about 70%. which is significantly higher than during the period we did not have any base in Faversham.y Faversham /•&'th LkngsTrust SWAL VOLUNTAR Y A L I l A N C F COMMUNITY 6 vi51ts 37 individuals engaged NETLllOQHING Gfiour ¥ovnd4d b4 FAvefShArn Urnbrell Bfiwihg C<¢mmvniF4 6fOUPS 4Vge4$ Luptrhin IL svpp))*ovf loc£il fornrnvhtly ss orgt2ni%a+ions engaging 26 identified as do9 owner
Trustees, Annual Report
Year Ended March 2024
CA
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FAVERSHAPI
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Trustees, Annual Report Year Ended March 2024 FAVERSHAM umbrella Volunteers JoluTrFe Faversham Umbrella is an organisation that relies heavily on its volunteers and we are grateful for the time provided to us by all of them. Our volunteers run our free artivities, support in the kitchen, support with admin. offer a frtendLy face to visitors to name but few of the many tasks they support Faversham Umbrella with. Whilst there is no volunteer more important than another. we would like to take this opportunity to record that our long-term volunteer. Lavinia Loft. a runner-up in the Mayor of Swale Awards Civic Awards 2023 and was recognised for her outstanding contribution and Long-time commitment to Faversham UmbreLIa. I corne to Isie Urnbfella CeTrlre As IF gas rne OL+he hovse. l enjo4 +alting 4r1 people and helping heM. AIEO help5 rnenknl And . Ivolub*ee To give rne a wns4 ot 4kne kwl coMrnimil4.° [voluTh¥etYI I b4rY; 11
Trustees, Annual Report Year Ended March 2024 CA umbrella FAVERSHAM COMMUNITY FU Conllnunilfj•s FoundaitoTh Funders and Supporters The Centre Manager has worked exceptionally hard this year to bring in some major funding, in particuLar we are gratefuL to FCC Communities for the grant of £ 45,440.92 which has provided a new catering quality kitchen, installed during September. This has greatLy improved the eff iciency of the café. Other notable funders include the National Lottery, Kent Community Foundation, SwaLe Borough CounciL Queenborough Fisheries and Bensted Charity to name a few. Our VoLunteers have organised Christmas, Easter and Summer fairs. quiz nights and bucket collections in local shops. We continue to grow our presence on the Faversham and District Community Lottery, which contributes towards our donations and are thankful for continuous monthly donations from two anonymous supporters. This year. Faversham Umbrella was fortunate to have been chosen as one of the Mayor of Faversham's charities. This provided the opportunity for additionaL pubLicity and events. We are gratefuL to have received funding of £5,125 which WILL be shown in next year's accounts. Co.*11T¥ FrnllhA7lO Qswale BOROUGH COUNCIL Bensted's Charity 12
Trustees, Annual Report Year Ended March 2024 FAVERSHAM umbrella staffing Our current slaff are as follows.. Becky Duffy- Centre Manager Sam Terry- Developmentand Training Officer Lyn Hopwood- Café Manager (Job Share) Toni Love- Café Manager (Job Share) Mirela Tudor- Cleaner Early in the year we lost our Programme Manager and although we recruited a replacement this position did not work out. We have now reviewed the job description and changed the title to Dovelopmentand Training Officer, which we fee better describes the work required, and are currently recruiting. 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 u nforeseen events or genuine emergencies. Ir) general, a robust level of reseNe shou Id be maintained and take account of operational and financial issues facing Faversham Umbrella.A well-run charitywith a pNdent 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 temis 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. Investment Policy This policy will be re-considered by the trustees as the funds grow.Atthis pointin time we are not in a position to invest. 13
Trustees, Annual Report Year Ended March 2024 FAVERSHAM umbrella Plans for Future Periods We will continue to seek fu nding to enable us to provide aclivities for free and be able to offer low cost food offer in the café. We are in the process of writing a five-year strategic plan, wh ich will include reviewing how the building is working forus and ourvisitors. The Centre Manager has headed the origination of Ihe Faversham Community Network Group, a partnership of local organisations in partnership with Faversham Town Council. This has led to Faversham Umbrella being included in a numberof initiatives such as a z-fold credit size infographic. We expect to build on this relationship over the coming years to further promote the benefits of Faversham Umbrella to the wider community. Throughout the year we will seek lo build on our relationship with third paty organ isations to ensure that we can offerthe best support we can to our visitors and provide more specialised support where required. We will endeavour to increase our training opportunities and enable those less forlunate due to lack of education and learning challenges to enharlce their employability. Whilst supporting other micro community grou ps in offering free train ing for th eir volu n teers. Faversham Umbrella is also seeking new partnerships and ways of supporting our community and will always be investigating new avenues or supporl for Ihose who need it most in ourcommunity. Financial Review The accou nts are prepared on an accrual basis. The statement of accounts and financial activities are to be found on pages 16 to 25. The surplus for the year was £8,39812023 loss £8,820) of which £3,976 (2023 loss £5,064} is restricted funds. The amounts carried forward are £366,483 (2023 £362,077) on restricted funds and £57,175 (2023 £53,183) unrestricted. L Bareham Chair of Trustees 2024 14
Faversham Umbrella Independent Examiner's Report to the Trustees of Faversham Umbrella Year ended 31 March 2024 Independent Examiner's Report to the Trustees of Faversham Umbrella I report lo the Iruslees on my examination of the accounts of the above charity for the year ended 31 March 2024 which are sel out on pages 16 to 25. Re$ponsibiliti&s and basls of report As tho charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('Ihe Acl'l. I report in respect of my examination of the chaThly's accounts carried out under section 145 of the 2011 Actand in carrying out my examination, I have followed all the applicable Diroctions given by the Charity Commission under section 14515llb} of the Act. Independent examlner's statemont 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 lo believe that in any malerial respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements con¢eming the form and contgnt of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 Dther Ihan any requirement that the accounts give a 'lrue and Fairf, view which is not a matter cons idered as part of an independent examination. I have no ¢on¢gms and have come across no other mallers in connection with the examination to which allenlion should be drawn in this report In order lo enable a proper understanding of the accounts lo be reached. Signed John Mulford Institute of Chartered Accountants of Scotland 81 Ashford Road Faversham ME13 8XW Date IGII 2024 15
Faversham Umbrella Statement of Financial Activities lincluding income and expenditure account) Year ended 31 March 2024 2024 Reslricled funds Total funds 2023 Unreslricled funds Note Income Grants and donations Fund raising Investment irkcome Other income 8,969 3,514 1,233 110,888 119,857 3,514 1.233 48,08S 2,091 675 Total Income Expendlture Expenditure on raislng funds.. Fund raising Expenditure on charitable aclivitl8S 193 36,463 193 143,375 314 82,969 106,912 Total expenditure Net lexpenditurellincoma and net movement Sn funds 4,422 3,976 8.398 18,8201 Transfer betsveen funds 14301 430 Total fund$ brought forward 362 077 41 424 080 Total funds carried forward The slalomenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. Th8 notes on pages 18 to 25 form part of these finan¢lal statements. 16
Faversham Umbrella Statement of Financial Position 31 March 2024 2024 2023 Fixed a55ets Tangible fixed assets 11 350.000 350,000 Current assets Debtors Cash al bank and in hand 12 730 66,734 88,342 88,342 67,464 Creditors.. amount$ falling due within one year 14,684 2,204 Ngl currgnt a$$els 73,658 65,260 Total assets less current liabilltles 423,658 415,260 Funds of the charity Reslricled f unds Unrestricted funds 366,483 57,175 362,077 53,183 Total charity funds 13 423.658 415,260 The financial slalemenls were approved and authorised for issue by the Board of Trustees on and signed on ils behalf by L Bareham - Chair of TnJsle2s 23 June 2024 The notes on page$ 18 to 25 form part of these financlal statemonts. 17
Faversham Umbrella Notes to the Financial Statements Year ended 31 March 2024 General informatlon The charity is a charitable incorporated organisation registered in England and Wales. The address of the registered office is 17 Tanners Street, Favetsham, ME13 7JP. Statement of ¢ompllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK the Republic of Ireland,, the Slalemenl of Recommended Practice applicable lo charities preparlng their accounts in accord ance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Icharilies SORP IFRS 10211 and the Charities Act 2011. The charity conslitut&s a public benef il enlily. 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 financlal slalemenls are prepared In slerllng, which is the f unclional currency of the entity and rounded lo the nearest £. Dlsclosure exemptions The entity sa115fies IhE criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the exemption ol including a cash flow statement. Going concem There are no material uncertainties about the charity's ability lo conlinue. Fund accounting Unrestricted funds are available for use al the discretion of the trustees lo further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Reslricled funds are subjected lo reslriclions on their expenditure declared by the donoror through the lemis of an appeal, and fall into one of two sub <lasses'. reslricled income funds or &ndowm& funds. 18
Faversham Umbrella Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Accounting policies (contlnued) Incoming resources All incoming sOUrceS are included in the slalement of financial activities when entillemenl has passed to the charity,. it is probable that the economic benelils associated with the transaction will flow lo the charity and the amount can be reliably measLJred. The following specific policies are applied to particular categories of incorne.. income from donations or grants is recognised when there is evidence of entitlement lo the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and enlillem&nt is oslablished. 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 f rom the cost to the donor orthe estimated resale value. Donated facilities and seNices are recognised in the accounts when received if the value can be reliably measured. No amounts a included for the ¢onlribulion of general volunteers. income from contracts for the supply of services Is recognised with the delivery of Ihe contracted service. This is classified as unreslricl&d funds unless there is a conlraclual requirernenl for il lo be spent on a particular purpose and returned if unspent, in which case Il may be regarded as restricled. Resources expended Expenditure is recognised on an accruals basis as a liabilily is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of finan¢k4 activities lo which il relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading aclivilies, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of ils beneficiariès, including those support costs and costs relating lo the govemanGe of the charity apportioned lo charitable aclivilies. other expenditure includes all expenditure that is neither related to raising funds forlhecharily nor part of its expenditure on charitable activities. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs allribulable lo a single activity are allocated d ireclly lo that aclivily. Shared costs are apportiowl between the activllies they contllbute lo on a reaso nable, justifiable and con515tenl basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently staled at cost less any accumulated depreciation and impairment lossos. Any tangible assets carried al revalued amounts are record1 al the fair value al the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 19
Faversham Umbrella Notes to the Financial Statements (tInUed} Year ended 31 March 2024 Accounting policles (Gotstlnuedj Tangible assgts (contlnuedj An increase in the carying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge for impairment that has previously been recognised as expenditure within the slalement of financial aclivilies. A decrease in the carrying amount of an asset as a result of revaluation, is recDgnised in olher re¢ognised gains and losses, except lo which il offsets any previous revaluation gain, in which case the loss Is shown wSlhi other recognised gains and losses on the slalemenl of f inancial aclivilies. Depreclalion Depreciation is ¢8l¢u5ated so as lo write off Ihecostor valuation of an asset, less ils residual value, over the useful economic life of that asset as follows.. Freehold property Equipment Ook straight line 100°/o slraighl line Impalrment of fixed assets A review for indicators of impairment is carried out at each reporting dale, with the recoverable amount being estimated whère such indicators exist. Where the carrying value exceeds the recoverable amount, th& asset is impaired accordingly. Prior impaimenls are also reviewed for possible reversal at each reporting dale. Forthe purposes of impairment testing, when il is not possible to estimate the recoverable amount of an individual asset, an estimate is made of tha recoverable amounl of the cash-generaling unil lo which the asset belongs. The Cash-generaling unil is the smallosl identifiable group of assets that includ&s the asset and generates cash inflows that largely independenl of the cash inf lo from other assets or groups of assets. For impairrnent lesling of goodwll, the goodwill acq uired in a busingss combination is, from the acquisition dal&, allocated to each of the cash%eneraling units that are expected to benefit from Ihe syngrgies of the combination. irrespective of whether other assets or li8bililies of th& charity are assigned to those units. Debtors and prepayments Trade and other debtors are recognised al the selllement amount due after any trade discounts. Prepayments are valued al the amount prepaid nel ol any discounts. Creditors and provlslons Creditors and provisions are recognised where the charity has a present obligation resulting from 8 past event that wll probably result in the transfer of f unds to a third party and the amount to sellle the obligation can be measur8d or estimated reliably. 20
Faversham Umbrella Notes to the Financial Statements (conllnued) Year ended 31 March 2024 Grants and donations Unrestricted Funds Reslricled Total Funds funds 2024 2023 Kent Community Foundation Faversham Town Council Swale Council Fisheries Trust Bensled Charities Faversharn Community NelwDrking Group FCC Communities COL Lollery Lollery Community Fund Rotary Faversham Tesco groundwork Gunpowder Wl Coop Donations 3,000 4,885 7,000 3,000 7.508 7,400 7.0 4,000 2.623 400 6.D 1,033 9,502 437 437 45.441 34,963 14,937 45,441 34,963 14,937 500 375 225 827 4,244 11.000 500 375 225 827 4,244 2.256 7,294 8,969 110,888 119,857 48.085 Investment Incomg Unrestricted Total Funds Funds 2024 2023 Bank interest 1,233 1,233 875 Other Income Unrestricted Totsl Funds Funds 2024 2023 Room hire Cafe Miscellaneous 11,392 12.538 3,432 11,392 12,538 3.432 11,906 7,412 4.294 27,362 27,362 23,612 21
Faversham Umbrella Notes to the Financial Statements (conllnuedj Year ended 31 March 2024 Total Rg$our¢os Expended Basis of Allocation Charitable Govamanco Actlvlties 2024 Total 2023 Dlrect costs Staff costs Insurance Direct Direct 54,527 2.776 4,683 59,921 54,527 50,871 2,776 1.975 4,683 5.592 59,921 2,740 7,362 1,272 2,926 Building maintenance Networking grants Client support Cafe Direct Direct Direct Direct 4.265 4,265 Support costs allocated Comms, slalionery & travel Other costs HR services Depreciation Usage Trans Usage Usag8 1,561 11,323 4,512 1,561 11,323 4,512 672 5,582 3,977 Total resources expended 143.568 143,568 82,969 Net {expenditureVincome Nel lexpendilureyincome is stated after chargingllcredilingl.. 2024 2023 Depreciation of tangible f ixed assets 22
Faversham Umbrella Notes to the Financial Statements (contlnuedj Year ended 31 March 2024 staff costs The lolal staff costs and employee benef ils for the reporting year are analysed as follows.. 2024 2023 Wages and salaries So¢ial security costs Pension costs 50,348 3.144 1.035 47,059 2,122 1,690 54,527 50,871 The average head count of employees during the year was 3. The average number of full-lirnB equivalent employees during the year is analysed as follows.. 2024 No. 2023 No. Centre staff No employee received employee benefits of more than £60,000 12023 nil) during the Year. Kgy Manag9m9nt Personnel Key management personnel include all persons that have authority and responsibility for planniru. directing and controlling the activities of the charity. The total compensation paid lo key management personnel for seNices provided to the charity was £nil 10. Trustee remuneratlon and èxpenses No trustees received any remuneration during the year12023 nil}. No expenses were reimbursed lo Iruslees during the year {2023 nill- No Iruslee or other person related lo the charity had any personal interest in any Gontracl or transaction entered into by the charity during the year or previous period. 23
Faversham Umbrella Notes to the Financial Statements (contlnued) Yearended 31 March 2024 11. Tangible fixed assets Freehold property Plant and machinery Totsl Cost Brought fotward Additions 350,000 2,711 352,711 Al 31 March 2024 350,OOCI 2.711 352,711 Depreciation Brought fopjvard Chargg for ygar 2,711 2,711 At 31 March 2024 2,711 2.711 Net written down value At 31 March 2024 350,000 350,000 Net written down value At 31 March 2023 350,1)00 350,000 12. Dgbtors 2024 2023 Other debtors 730 730 13 Analysls of charltable funds Unrestricted fund5 General funds 2024 2023 Al 1.4.23 Income Expenditure Transfer between funds 53,183 41,078 136,6561 14301 56,939 38,068 141.8241 57.175 53,183
Faversham Umbrella Notes to the Financial Statements (conllnued) Year ended 31 March 2024 13. Analysls of charitable funds (contlnued) Restricted funds At 1.4.23 Income Expendi lure Tran sfer Al 31.3.24 Building Kent Commijnily Foundation Faversham town council Queenborough Fisheries Trust Edward Vincent Bensled Charities Lottery Community Fund FCC Communities COL Lollery Fund Womens Institute Swale Council 350,000 1,408 4,000 350,000 3,497 3.000 1911) 14,250} 250 6,000 669 13,1961 16691 16161 (7.4891 150,3261 134,9631 12251 14,2871 2,804 437 14,937 50,326 34,963 225 7.000 180 7,469 2.713 362,077 110,888 106,912 430 366,483 The purpose of restricted funds is 8s follows.. Building TAthich shows the valuation of the property we own. Kent Community Foundation lo f und staff and overheads Faversham Town Council lo support Kitchen Project Fisheries Trust f or enhancing our Woodwork room Edward Vincent lo assist with website costs and support Benstgd Charities lo assist wlth training Lollery Community Fund to fund slalf costs FCC Communities lo fund kitchen ref urbishmenl Cosl of Living Lottery Fund lo fund staff, utilities and infrastructure improvements Gunpowdgr Wl lo fund kid's lunch boxes Swale Council to fund infrastructure improvements 14. Analysis of net assets be98n funds Unreslricled Funds Reslricled Total Funds Funds 2024 Tanglble fixed assets Current assets Creditors less than 1 year 350,000 16,483 350,000 88,342 114,6841 71,859 {14,6841 Net assets 57,175 366,483 423,658 15. Related Party Transactlons No related party transactions look place during the year or previous period 25