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2021-03-30-accounts

Charity Registration No. 1181139

Company Registration No. 10255734 (England and Wales)

THEFDF

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

THEFDF

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr A Bewley Mr G Catherall Mr A R Roberts Ms PM Roberts Mrs J Thomas C E Holloway (Appointed 18 June 2021) P J Penk (Appointed 10 May 2021) Charity number 1181139 Company number 10255734 Registered office Town Hall Earl Road Mold Flintshire CH7 1AB Independent examiner Jean Ellis BA FCA CTA DSG Unit 5 Evolution House Lakeside Business Village St David's Park, Ewloe Deeside, Flintshire CH5 3XP

THEFDF

CONTENTS

Page
Trustees report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Statement of cash flows 7
Notes to the financial statements 8 - 16

THEFDF

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report and financial statements for the year ended 31 March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association , the Companies Act 2006 and "Accounting and Reporting by Charities: 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) (effective 1 January 2019)".

Objectives and activities

The Board reviewed the objectives and activities of the charity during the year and adopted values, vision and mission statements to better reflect the ongoing work of the charity.

FDF Values

Our work is guided by our belief and commitment to involvement, equality, diversity and excellence. We recognise and respect the contribution of individuals, families, carers, volunteers, professionals, donors, sponsors and investors within communities, organisations and suppliers, and are committed to a culture of fellowship and cooperation whilst striving for excellence through continuous improvement.

FDF Vision

Our vision is of an inclusive and unbiased world that values disabled and disadvantaged people as equals and actively enables and celebrates their contribution to society.

FDF Mission

Our mission is to provide information, guidance, comfort, support and practical help to all disabled and disadvantaged people.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Following restructuring the charity not only continued to function but became recognised as a leading Disabled People's Organisation throughout North Wales w orking in partnership with local, regional and national organisations. We are proud of our close working relationships with Disability Wales and Learning Disability Wales and our membership of the Welsh Government Disability Equality Forum. We continue to campaign on behalf of disabled children, young people and adults as the only pan disability organisation recognised by the Welsh Government and Disability Wales as a Centre for Independent Living.

2020 was a difficult time for all charities. TheFDF had to quickly adapt to new ways of working with our service users. This actually benefited the charity reducing our travelling expenses but on the downside we lost income from our Mold Social Group.

We were able to access small pots of emergency funds which enabled us to employ 2 additional members of staff to meet the increasing demand on our services.

All of the staff worked from home and will continue to do so.

Financial review

The charity had total income of £114,170 (2020: £44,716) during the year and, after incurring expenditure of £51,197 (2020: £73,346) and had a net surplus for the year of £62,973 (2020: net deficit for the year of £28,630).

At the year end the charity had net assets of £74,056 (2020: £11,083) of which £24,460 (2020: £nil) was held in restricted funds.

THEFDF

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. Due to the deficit recorded in the year the trustees are aware that this level of reserves t his level of reserves has not been been maintained and are taking steps to rectify this situation.

The trustees responsibility is primarily the governance of the c harity , identifying risks and ensuring due diligence particularly as regards to the financial management of the c harity. T herefore the trustees have carried out a robust review of the risk management of the c harity in line with Charity Commission guidance. The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

The Board of Directors are confident that TheFDF will continue to grow and develop during the foreseeable future with the respect of our partner organisations through co-production and sharing of the same values. We will continue to be led by disabled people within the Social Services and Wellbeing Act (Wales ) 2014 with disabled people being fully included in all of our decisions, we have adopted the ethos ''nothing about us without us '' at the core of our work.

Structure, governance and management

The charity is a company limited by guarantee and is controlled by its Memorandum and Articles of Association.

The charity was previously an unincorporated charity controlled by a deed of trust. With effect from 1 April 2017 the charity converted to a charitable company structure from an unincorporated charitable structure with all the assets and activities of the charity transferring on this date.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr A Bewley Mr E W Owen (Resigned 1 July 2021) Mr G Catherall Mr A R Roberts Ms PM Roberts Mrs J Thomas C E Holloway (Appointed 18 June 2021) P J Penk (Appointed 10 May 2021)

None of the trustees have any beneficial interest in the company. All of the trustees are members of the company and agree to contribute £1 in the event of a winding up.

The trustees have recognised the need to strengthen the board to develop the charity and to raise its profile across all six North Wales counties. New trustees will be recruited from outside of the organisation and are expected to undertake a period of induction on appointment.

THEFDF

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Generous donations support the ongoing work of the charity. The charity is particularly grateful to The Steve Morgan Foundation, The Williams Family Foundation, The National Lottery, The Postcode Lottery and other charitable trusts for the financial support given to the company throughout the year.

The charity also depends upon a small but dedicated number of volunteers who assist in the office, at social groups and at events.

The Trustees have responsibility for setting the pay and remuneration of the charity’s key personnel and this is done on an annual basis, including a formal cost of living review. Salaries are benchmarked with other similar organisations across the sector .

The Trustees have responsibility for setting the pay and remuneration of the charity’s key personnel and this is done on an annual basis, including a formal cost of living review. Salaries are benchmarked with other similar organisations across the sector .

The trustees r eport was approved by the Board of Trustees.

Mr A Bewley Trustee Dated: 27 October 2021

THEFDF

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THEFDF

I report to the trustees on my examination of the financial statements of THEFDF (the charity) for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Jean Ellis BA FCA CTA DSG Unit 5 Evolution House Lakeside Business Village St David's Park, Ewloe Deeside, Flintshire CH5 3XP

Dated: 27 October 2021

THEFDF

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income from:
Donations and legacies
2
46,153
68,006
Investments
3
11
-
Total income
46,164
68,006
Expenditure on:
Charitable activities
4
7,651
43,546
Net income/(expenditure)
for the year/
Net movement in funds
38,513
24,460
Fund balances at 1
April 2020
11,083
-
Fund balances at 31
March 2021
49,596
24,460		 TotalUnrestricted
Restricted
funds
funds
2021
2020
2020
£
£
£
114,159
30,656
14,040
11
20
-
114,170
30,676
14,040
51,197
59,306
14,040
62,973
(28,630)
-
11,083
39,713
-
74,056
11,083
-		 Total
2020
£
44,696
20
44,716
73,346
(28,630)
39,713
11,083

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

THEFDF

BALANCE SHEET

AS AT 31 MARCH 2021

Notes
Fixed assets
Tangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within
one year
10
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
11
Unrestricted funds		 2021
£
8,782
67,304
76,086
(2,030)		 2020
£
£
-
625
39,563
40,188
(29,152)
74,056
74,056
24,460
49,596
74,056		 £
47
11,036
11,083
-
11,083
11,083

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 27 October 2021

Mr A Bewley Trustee

Company Registration No. 10255734

THEFDF

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Notes
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
14
Investing activities
Investment income received
Net cash generated from investing
activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2021
£
11		 £
27,730
11
-
27,741
39,563
67,304		 2020
£
20		 £
(7,528)
20
-
(7,508)
47,071
39,563

THEFDF

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

THEFDF is an private company limited by guarantee incorporated in England and Wales. The registered office is Town Hall, Earl Road, Mold, Flintshire, CH7 1AB.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: 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) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. In making this assessment the trustees have also considered the potential financial and operational challenges posed by the coronavirus which is prevalent at the time of approval of these accounts. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements .

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5 Expenditure

All expenditure has been accounted for on an accruals basis and includes irrecoverable VAT where applicable. Expenditure is allocated to relevant activity categories on a basis that is consistent with the use of that resource. Support costs have been attributable to charitable activity in accordance with best estimates.

THEFDF

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% straight line Computers 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

THEFDF

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

Impairment of financial assets

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

THEFDF

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

2 Donations and legacies

Unrestricted
Restricted
funds
funds
2021
2021
£
£
Donations and gifts
1,809
-
Grant income
44,344
68,006
46,153
68,006
Grant income
Morgan Foundation
28,413
-
Williams Family
Foundation
-
5,000
FLVC
1,000
2,500
Postcode
Neighbourhood Trust
-
19,960
Groundwork UK
500
-
National Lottery
Community Fund
-
29,500
Voluntary Sector EM
-
11,046
Disability Action
7,920
-
Crowdfunder
1,511
-
Betsi Cadwaladr UHB
5,000
-
44,344
68,006
Investments
Interest receivable		 TotalUnrestricted
Restricted
Total
funds
funds
2021
2020
2020
2020
£
£
£
£
1,809
4,039
-
4,039
112,350
26,617
14,040
40,657
114,159
30,656
14,040
44,696
28,413
16,667
-
16,667
5,000
-
-
-
3,500
-
-
-
19,960
-
-
-
500
-
-
-
29,500
-
-
-
11,046
-
14,040
14,040
7,920
8,750
-
8,750
1,511
1,200
-
1,200
5,000
-
-
-
112,350
26,617
14,040
40,657
UnrestrictedUnrestricted
funds
funds
2021
2020
£
£
11
20

3 Investments

THEFDF

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

4 Charitable activities

Staff costs
Depreciation and impairment
Rent
Insurance
Telephone and internet
Printing, postage and stationery
Staff expenses
Transportation
Subscriptions
Computer costs
Sundries
Share of governance costs (see note 5)
Analysis by fund
Unrestricted funds
Restricted funds
Support costs
Support
costs
Governance
costs
£
£
Accountancy
-
1,172
-
1,172
Analysed between
Charitable activities
-
1,172		 2021
£
43,995
47
2,500
726
1,162
263
401
-
-
931
-
50,025
1,172
51,197
7,651
43,546
51,197
2021
Support
costs
Governance
costs
£
£
£
1,172
-
1,743
1,172
-
1,743
1,172
-
1,743		 2020
£
41,322
240
24,136
724
1,262
494
1,715
198
15
1,467
30
71,603
1,743
73,346
59,306
14,040
73,346
2020
£
1,743
1,743
1,743

5 Support costs

Governance costs includes payments to the independent examiners of £ 1,278 (2020- £ 1,254 ) for independent examination fees.

THEFDF

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

7 Employees

The average monthly number of employees during the year was:

2021 2020
Number Number
Administration 4 3
Employment costs 2021 2020
£ £
Wages and salaries 42,834 40,059
Other pension costs 1,161 1,263
43,995 41,322
There were no employees whose annual remuneration was £60,000 or more.
Tangible fixed assets
Fixtures and Computers Total
fittings
£ £ £
Cost
At 1 April 2020 1,117 993 2,110
At 31 March 2021 1,117 993 2,110
Depreciation and impairment
At 1 April 2020 1,070 993 2,063
Depreciation charged in the year 47 - 47
At 31 March 2021 1,117 993 2,110
Carrying amount
At 31 March 2020 47 - 47

8 Tangible fixed assets

THEFDF

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

9
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
10
Creditors: amounts falling due within one year
Other taxation and social security
Accruals and deferred income		 2021
£
7,375
1,407
8,782
2021
£
637
1,393
2,030		 2020
£
-
625
625
2020
£
262
28,890
29,152

THEFDF

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

11 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Incoming Resources Balance at Incoming Resources Balance at
resources expended 1 April 2020 resources expended
31		 March 2021
£ £ £ £ £ £
Williams Family
Foundation - - - 5,000 (5,000) -
Postcode Neighbourhood
Trust - - - 19,960 (10,000) 9,960
Nationwide Community
Fund 14,040 (14,040) - - - -
FLVC - - - 2,500 (2,500) -
National Lottery
Community Fund - - - 29,500 (15,000) 14,500
WCVA - Voluntary
Services Recovery Fund - - - 11,046 (11,046) -
14,040 (14,040) - 68,006 (43,546) 24,460

Williams Family Foundation - This is a grant for our "Here 2 Help" project.

Postcode Neighbourhood Lottery - This is a grant toward our "COVID 19 - returning to independence" project.

FLVC - This is a grant toward our "Befriending Older People" project.

National Lottery Community Fund - People and Places - This is a grant toward our "COVID 19 deescalation, return to normality" project.

WCVA - Voluntary Services Recovery Fund - This is a grant toward reducing inequality in society as a result of the COVID 19 pandemic.

12
Analysis of net assets between funds
Unrestricted
Restricted
2021
2021
£
£
Fund balances at 31
March 2021 are
represented by:
Tangible assets
-
-
Current assets/
(liabilities)
49,596
24,460
49,596
24,460		 TotalUnrestricted
Restricted
2021
2020
2020
£
£
£
-
47
-
74,056
11,036
-
74,056
11,083
-		 Total
2020
£
47
11,036
11,083

THEFDF

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

13 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2021 2020
£ £
Aggregate compensation 10,577 11,876
14 Cash generated from operations 2021 2020
£ £
Surplus/(deficit) for the year 62,973 (28,630)
Adjustments for:
Investment income recognised in statement of financial activities (11) (20)
Depreciation and impairment of tangible fixed assets 47 240
Movements in working capital:
(Increase)/decrease in debtors (8,157) 99
(Decrease)/increase in creditors (27,122) 20,783
Cash generated from/(absorbed by) operations 27,730 (7,528)
15 Analysis of changes in net funds

The charity had no debt during the year.