rriib
IN
2022
Fleetwood
,Trust
ANNUAL REPORT


## Contents 

Foreword from Lord Tom – Chairman .............3 

From the Prince's Foundation ........................3 Report of The Trustees .................................4 

Independent Examiner's Report .....................7 

Statement of Financial Activities ....................8 Balance Sheet ........................................10 

Notes to the Financial Statements ...............13 

Detailed Statement of Financial Activities ......20 


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2022<br>**----- End of picture text -----**<br>





Fleetwood Trust Annual Review 



## Foreword from Lord Tom McNally – Chairman 


I am grateful to our professional advisers and to our Honorary Treasurer, Rebecca Murdoch and our Chief Executive, Charley Wilkinson for enabling the Trust to deliver these accounts on time and in good order. This has been a difficult year for the charitable sector, both doners and recipients. COVID cast a long, dark shadow over the fund-raising activities of both. Nevertheless, the Fleetwood Trust has been able to make steady progress in our ambition to turn the building into a multi-purpose, cross discipline hub providing a range of health, housing, educational and social services by and for the people of Fleetwood. We have worked closely with our local authorities and central government departments to identify sources of funding from the various funds available where and when our objectives coincide with various and local funding schemes. We also continue to seek funding from local and national charities. 

I am grateful to all the Trustees for their help and support and thank in particular two retiring members: Canon John Hall, one of the key moving spirits behind establishing the Fleetwood Trust and Elise Hadgraft, our youth representative, who has left to continue her studies at university. I would also like to thank Garry Payne, the retiring Chief Executive Officer of Wyre Borough Council, for his help, advice and support. The iconic Fleetwood Hospital is slowly returning to life in its new role as a community service hub. Its potential is immense and the need for it is immediate. That makes it all the more frustrating to have the mismatch between immediate needs and our capacity to meet those needs . That is why fund-raising must remain an immediate priority for the Trust. 

_Rt.Hon. Lord McNally, Chairman of the Fleetwood Trust._ 

## Charley Wilkinson - CEO 

Fleetwood Trust has continued to develop the community hub during what remained a difficult year following the pandemic where fundraising remaining challenging. However we have made steps in our development and ambition to deliver services to the community through the development of a hub, a space for the community to access and to be proud of. 

We have worked with some fantastic partners locally and nationally this includes health, education and housing amongst others alongside various funders to ring our vision to life and we are incredibly proud of what we have achieved to date. 

We remain committed to continuing on this path and look forward to what the next year brings. 

We would like to thank our professional advisors Mason Gillibrand Architects, Shelby construction consultants and MarkSafety for their work, advice and friendship. 


Fleetwood Trust Annual Review 



Report of The Trustees For The Year Ended 31 May 2021 




Fleetwood Trust Annual Review 



STRUCTURE, GOVER)ANCE AND MANAGEMENT
Governing document
The Charily is (ioverned by it's Articles of Association.
Charity Constitution
The Chaiity is an Incorporated Company Limited by Guarantee.
Recryitment and appointment of new trustees
Should tht need dfise to ieLlUIt new tTUStetb the clwity will lollow charities Cominission guidance in recruiting and
appointing new tn]Stees with the Tequired skill set. Suitable induction procedures and training will be provided in the
event of a new twstee being appointed.
Decision making
The Board meets on a Bi-monthly basis, in Fleetwood. to monitor progress and deterniine next steps. Covid 19 has
meant this li￿￿ been undertaken on ZooTn fullowin¥ sryidance frum the Chaiities Cumniission.
Key management remuneratio
Key manabTeinent iemuneration was £53.872 {2021-£48,5911 in total.
REFERENCE AND ADMINISTIL4TIVE DETAILS
Registered Companv number
11352453 (England and Wales)
Regi5ter¢d Charity number
1181679
Registered office
ph￿1[￿￿ Stieet
Fleetwood
Lancashire
FY7 6BE
Trustees
Mrs Mduieen Linda Butn
MT Andrew David Charles
Mr John Joseph Fitzgerald
Canon Michael John Hall (resigned 22.7.221
Canon Alfred Terence Hayes
Mr Frank Iddon Heald
Lord Thomab Mcnally
Mrs Rebecca Jane Mllrdoch
Mr Bryan 018¢ll
Dr Mark Spencer
Mr Richard James Barnes
IndepeThdeMt Examiner
Jones Hatti% Limitcd
Chartered Accountants
17 St Petets Place
Flcctwood
Lancashire
FY7 6EB
Solicitors
Addlestone Keane
R¢gcnt Hous¢
5 Queen Street
Leeds
LSI 2TW
Report of the tru5tee5, incoTporatin¥F a 5trate¥Fic report, approved by order of the board of trustees, a5 the company
dirc¢iors, on ..Sth F¢bruary 2023..... and sign¢d on th¢ board's bchalf by..
Mr% Rebecca Jane Murdoch- Trustee
Fleelwood Trust Annual Review

Independent Examiner's Report
IndepeDdent examiner's report to the trustees of Fleetwood Trust ('the Company,)
I rcport to thc charity trus
on my ¢xamination of th¢ accounts of th¢ Company for th¢ y¢ar ¢nd¢d 31 May 2022.
Responsibilities b45is of report
As the ciwity's trw8tcLs of the Company (and also its directors for the purposes of cornpany lawl you are responsible for
the preparation of tl)e accounts in aLcordance with the requirements tsl. the Companies ALt 2(X)6 ('the 2006 Act'l.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2(K)6 Act
and are eligible for independent examination, I report in respect of Iny examination of your charity's accoui)ts as carried
out under Section 145 of the Charities Act 2011 ('the 2011 Act'l. In carying out iny exatnination I have followed the
Dircctions giv¢n by th¢ Charity Commi%sion iindcr Scetion 145{51 Ib) of thc 2011 Act.
Independent examiner s Statement
I hai'e completed my examination. I confirni that no matters have come to my attention in connection with the
examination giving me cause to believe..
ac¢ounting records were not kept in reqpect of the Company as required by Section 386 of the 2006 A¢t,' or
Ihe accounts do noi accord with ihose records; or
the accounts do not coinply with tlie accounting requirements of Section 396 of the 2(K)6 Act other than any
rcquircmcnt that thc accounts givc a truc and fair vicw which ]% not a mattcr con%idcrcd as part of an indcpcndcnt
examination: or
the accounts have not been prepared in accordance with the methods and principle5 of the Statement of
Recommended Practice for accounting and reporting by charitie% (applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)).
I hai'e no concern5 and have cojne across no other matters in connection with the exajnillation to which attention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr M Wiglcy
Msc ACA ATII
lones Hatris Limited
Chartered Accountallts
17 St Peters Place
Fleetwovd
Lancashire
FY7 6EB
Date..
..8th FebTuary 2023...............
Fleetwood Trust Annual Review

Statement of Financial Aclivilies
2022
Totsl
funds
2021
Total
nds
Unrestricted
fulld
Resthcted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and lcgacics
73,528
2R,310
101,83R
69,916
Investment incoine
85,909
85,909
76,700
Total
159.437
28.310
187,747
146,616
EXPENDITURE ON
Charitable activities
89,214
16,728
105,942
91,738
Other
5,487
5,487
4,665
Total
94.701
16.728
111,429
96,403
NET INCOME
64,736
11,582
76,318
50,213
RECONCILIATION OF FUNDS
Total funds brought fonvard
,221,615
343,418
1,565.033
1,514,820
TOTAL FUNDS CARRIED FORWARD
1.286.351
355.000
1,641.351
1,565.033
The note5 form part of these financial statements
Fleelwood Trust Annual Review

Balance Sheet
2022
Total
funds
2021
Total
fund5
Unrestricted
lui)d
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
1,399,388
345.0(K)
1,744,388
,657,611
CURRENT ASSETS
Debtors
Cash at bank
20,598
38,842
20.598
48,842
10,000
105,589
59,440
10,000
69,440
105,589
CREDITORS
Arnounts fallit]g due within one year
(18,057)
(18.057}
127,006)
NET CURRENT ASSETS
41,383
10,000
51,383
78,583
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,440.771
355.0(M)
1.795,771
1,736,194
CREDITORS
ATnounts fallinbF due after more than one year
(154.420)
(154,420}
NET ASSETS
1,286,351
355.000
1,641,351
1,565,033
FUNDS
Unrestricted funds
Restricted fvnds
1,286,351
355,000
1,221,615
343,418
TOTAL FUND8
1,641,351
1,565,033
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 May 2022.
The Tnembers have not requiTed the company to obtain an audit of its financial ststements for the year ellded
31 May 2022 in accordance with Section 476 of the Companies Act 2006.
The tnjstees acknowledge their responsibilitie5 for
ensuring that the charitable company keeps accounting records that Comply with Sections 386 and 387 of the
Companies ALt 2006 and
preparing financial 5tatement5 which gFive a true and fair view of the State of affair5 of the charitable coinpany a5
at th¢ ¢nd of caeh fjnancial y¢ar and of its surplus or dcficit for cach finaneial y¢ar in aceordanec with thc
requirements of Sections 394 and 395 and which otherwise comply wilh ihe requirements of the Companies Act
2006 TelatlllbF to financial 5taternents, so far as applicable to the charitable cornpany.
(b)
The note5 form part of these financial statements
Fleetwood Trust Annual Review

Balance Sheet Conlinued
Thest linancial stateinents h(Ive been prepared in accordance with the piovi5ions applicable to charitable Companies
subject to the small companie5 regiine.
The financial statements were approved by the Board of Trustees and authorised for issue
..8th Febn]ary2023.......... and were signed on its behalf by..
on
Mrs Rebecca Jane Murdoch - Trustee
yÉurH Hu
ur
WEcaN HELP
The note.% form part of these financial statements
Fleelwood Trust Annual Review

Notes to the Financial Statements
ACCOUNTING POLI
IES
Basis of preparlnR the finaneial statements
The financial statcments of the chaTjtable company, which is a public benefit entity linder FRS 102, have been
prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities.. Statement
of Recoinniended PraLtiLe applicable to chaiitieb piep(Iiing their acLourits in accordance with the FinanLial
eponing Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019),,
Financial Reporting Stsndard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of
Ireland, and the Companies Act 2006. The financial stateinents have been prepared under the historiLal cost
convention.
Goin2 Concern
Thcrc aTe no material uncertainties about the charity's ability to continlle as a Going Concern.
Incume
All incomc is rccogni.%cd in thc Statcmcnt of Financial Activitics oncc the charity ha8 cntitlcmcnt to thc funds, it
is probable that the income will be received and ihe amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation coinmitting the
charity to that expet]diture, it is probable that a transfer of economic benefits will be required in settlement and
thc amount of th¢ ohligation can b¢ m¢asur¢d rcliably. Expcnditurc is a¢countcd for on an accrnals basis and has
been classified under headings that aggregate all cost related to the caiegory. Where costs cannot be directly
attTibuted to particular Iieadings they have been allocated to activities on a basis consistent with the use of
rcsourccs.
Tangible fixed a55et5
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
Computcr cquipm¢nt
33Q/o on ¢ost
Taxation
The charity is exempt from Corporation tax on its charitable activities.
Fund accouDting
Unresiricied funds can be used in accordance with the charitable objectives at the discretion Lif the trustees.
Restricted ￿ndS can only be used foT particular restricted purposes within the object5 of the charity. Restrictions
arise when specified by the dL)nor Lir when funds are raised for particular restricied purposes.
Further explanation of the na￿re and purpose of each ￿nd is inclllded in the notes to the financial statements.
INVESTMENT INCOME
2022
2021
Rent5 ieceived
Deposit account interest
85,903
76.700
85,909
76,700
Fleetwood Trust Annual Review

Notes to the Financial Statements Continued
NET INCOMEI(EXPENDITURE)
Net in¢omel{expenditurel is stated after ¢harging{¢reditingl'.
2022
2021
Independent examiner fees
Depreciation- owned assets
1,195
592
1,135
592
TRUSTEES, REMUNEILITION AND BENEFITS
There were no truslees, remuneralion or other benefits for the year ended 31 May 2022 nor for the year ended
31 May2021.
Trustees. expenses
There were no trustees, expenses paid for the year ended 31 May 2022 nor for the year ended 31 May 2021.
COMPAIi4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restrtcted
lunds
Total
fund
INCOME Af4D ENDOWMENTS FROM
Doiiations and lesiacies
22,451
47,465
69,916
Investment income
76,700
76,700
Total
99,151
47,465
146,616
EXPENDITURE ON
c.haritable activities
62,691
29,047
91,738
Other
4.665
4,665
Total
67,356
29,047
96,403
NET INCOME
31,795
18,418
50,213
RECONCILIATION OF FUNDS
Total ￿ndS brought forward
1,189.820
325,000
1,514,820
TOTAL FUNDS CARRIED FORWARD
1,221,615
343,418
1,565,033
Fleelwood Trust Annual Review

Notes to the Financial Statements Conlinued
TANGIBLE FIXED ASSETS
Freehold
property
Computer
equipmcnt
Totsls
COST
At l June 2021
Additions
1.656,409
87,369
1,794
1,658,203
87,369
At 31 May 2022
1,743,778
1,794
1,745,572
DEPRECIATION
At l June 2021
Chaige fur yeur
592
592
592
592
At 31 May 2022
1,184
1,184
NET BOOK VALUE
At 31 May 2022
1.743,778
610
1.744,388
At31 May2021
1,656,409
1,202
1,657,611
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
2021
VAT
Prepayments and accrued income
6,480
14,118
20,598
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
2021
Bank loans and ovcrdrafts l%cc notc 10)
VAT
16,861
18,199
2.614
6,193
Acctua15 and defetred incorne
1,196
18,057
27,006
Fleetwood Trust Annual Review

Notes to the Financial Statements Continued
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022
2021
Bank loans (see note 101
154,420
171,161
io.
LOANS
An analysis of the maturity of loans is given below".
2022
2021
Amounts falling due within one year on demand..
Bank loans
16,861
18,199
Amounts fallings between one and two years..
Bank loans
154,420
171,161
MOVEMENT IN FUNDS
Net
movement
in funds
At
3115122
At 116121
Unrestricted fund5
General fund
1,221,615
64,736
1,286,351
Restricted funds
Ground floor building fund
Coinmunity kitchen fund
Changillg places
Wages fund
300,000
25,000
10,000
8,418
20,000
320,0(X)
25,000
10,000
18,418)
343,418
11,582
355,0(H)
TOTAL FUNDS
1.565,033
76.318
1,641,351
Net movement in fund5, included in the above are a5 follows..
Incoming
resources
Resources
expended
Movement
in lunds
Unrestricted funds
Gfflieral fund
159.437
194.701)
64.736
Restricted funds
Ground flooi building ￿nd
Wagc% fund
20,000
8,310
20.000
18,418)
(16,728)
28.310
116.728)
11.582
TOTAL FUNDS
187.747
(111.429)
76,318
Fleelwood Trust Annual Review

Notes to the Financial Statements Continued
ii.
MOVEMENT IN
contiThued
Comparatives for movement in funds
Net
movemtnt
in funds
At
3115121
At 116120
Unrestricted funds
Gcncral ￿nd
1,189,820
31,795
1,221,615
R¥5tricted funds
Ground floor building ￿nd
Communily kiichen fund
ChanbFITlb place5 fund
Wagc% fund
300,000
25,000
300,0(K)
25,000
10.000
8,418
10,000
8,418
325.0(K)
18.418
343.418
TOTAL FUNDS
1,514,820
50,213
1,565.033
Comparative net movement in funds. included in the above are as follows..
Incoming
resources
Rc%ourcc
expended
Movcmcnt
in funds
Unrestricted funds
General fund
99,151
167,356)
31,795
Restricted funds
Changing plaLes lund
Wages fund
10,o(M)
37,465
10,000
8,418
(29,047)
47,465
129.047)
18,418
TOTAL FUNDS
146,616
(96,403)
50,213
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
At
3115122
At 116120
Unres¢ri¢¢ed funds
General fund
1.189,820
96.531
1,286,351
Restricted funds
Ground floor building fund
Community kitchcn fund
Changing places fund
300,0(K)
25,000
20,000
320.0(X)
25,000
10,000
10,000
325,000
30,000
355,0(
TOTAL FUNDS
1,514,820
126,531
1,641,351
14
Fleetwood Trust Annual Review

Notes to the Financial Statements Continued
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 rnonth5 combined net movernent in funds. included in the above are
as follows..
Incomin
resources
Resources
expended
Movernent
in fvnds
Unrestricted funds
Gcncral fund
258,588
(162,0571
96,531
Re5trieted funds
Ground floor building fund
Changing places fund
Wage5 fund
20,000
10.000
45,775
20,000
10.000
145,7751
75.775
145.7751
30.000
TOTAL FUNDS
334,363
(207.8321
126,531
All of the charities funds were created when the charity received grants or donations towards the specific purpose
of these projects.
12.
RELATED PARTY DISCLOSURES
There were no related party trdllsactions during the year ending 31 May 2022.
Regenda
MILI
Fleelwood Trust Annual Review

Detailed Statement of Financial Activilies
2022
2021
INCOME AND ENDOW'MENTS
Donatlons and legacies
Donations
Cirants
34.628
67,210
22.451
47,465
101.838
69.916
Investment income
Rent5 lecti￿.ed
Dcposit account intcrcst
85.903
76.7tN)
85.909
76.700
Total Ineo]nlng resourees
187.747
146.616
EXPENDITURE
Other
Bank loan interest
5,487
4,665
Support costs
ManagemeDt
Wages
Insur£￿te
Light, heat and power
Telephone
Advertising
Sundries
Repairs & maintenance
Travel
Fundillg
Training & r¢cruitm¢nt
Software & computer
Computer equipment
69,785
8,081
11,441
2,475
609
743
2,323
1,224
800
633
617
592
55,678
9,353
6,600
1,048
1,085
1,087
592
99,323
75,443
Finance
Bank charges
102
3,479
Governance costs
Auditvrs, rtmuneratitsn loi non audit work
Legal and professional fees
1.195
5,322
1,135
11,681
6,517
12.816
Total resources expended
111,429
96,403
Net income
76,318
50,213
Fleetwood Trust Annual Review