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&.' 01￿2023 to 31413-2024 ffee zTrJo AcFivi+ies FJirfJAfi YiTrJ Engag8m8nt Composition: ol-￿2023 to 31-03-2024 Over s0* Visi+ our C*zfe 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) [$¢0 .. eXcdl"e ITrX-IBK.= Ik'.D I'.r kn). l enjoy *￿￿1)9 in ¥lgh+irg fthi85S da%s. love￿ ¢*¥mQH)hefe an ewryone IE very helpfvl. I coffle hefe caLIEe I wtXE lonely and*0 keeP fm. i Al60 like 41ie 4MoThefe. trP$ lovel4 4LI tnoiv We can aliuays gek aduir 10 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¥ Frnllh￿A7lO 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