RLCISI'ERED COMPANY NUMBF.R: 11352453 (Eugland and Wales) REGISTERED CHARITY NUMBEIL. 1181679 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR FLEETWOOD TRUST Xeinadin Audit l.imited Statutory Auditor 17 St Peters Pl&e Fleelwood Lancashire FY7 6EB
FLLLJ'WOOD TRtJST CONTENTS OF THE FINANCIAL STATEMENTS for the yvar ended 31 M4r¢h 2025 Page Report ofthe Trnsti* Report of the lttdependent Audftors Statement of Fina11 Aetivltles Blace Sheet CAsh Flow Statenlent io r4otes to the Cash FioTrv StatemeDt Notes to the Than¢i9l S¢•tements 12 to 19 Detliled Staitment of Fin•nci81 Activities 20 to 21
FLEETWOOD TRUSI" Rl',poirr OF THF. TRUSTEES for the >'e&r ended 31 imareh 2025 The tCeS arc alw directors of the charity for ihe prySeS of the Cornpanies Act 2006. prcseRt their r¢port with the financial slat¢menis of the Clwity for tl)e year ended 31 March 2025. The trustees have adopitd the provisions of Accounting ld RewrtiTbg by Chariiieb.. Slaiemeni of Recoinmended Practicc applicable to charities pr¢paring Iheir accoullts in acLYrdan¢e with the Financi Keporting Standard applitable in the UK and Republic of Jrcland 11.-RS 102) (e(fectiv¢ l January 20191. ORlkCTIVLS AND AC'rivtTIES Objectives and aims To furthey benefjt the residents of Fleetwood. Slgnlfleant actiiryties In the y¥dr the Ttusi has been continuing with redeveloping thc hospilal. The Youth Hub wa% opened following receipt of funding froin the Youth Inve51¢1 Fun¢L whieh h&5 been a ToundIng success, helping to alleviate many of the )cial issucs Faced by children iii FleetWlKKI. Funding has been received from UKSPF and a cafe and cOmUnItY rooms have becn developcd to open in July Z025. Public benefit have all reviewed the Charity Commission% guidance on public benefit and aIl have rebvard to it. Crnntmaking The Trust makes small donations to local charities and teams. There is no fornal grant Tnaking p)11 as any amounts are le.%s than £5(X). VolunteeT5 The Hub is Collrinually king wppofted by the local community. the tenants of the buildin& the Police and a variety of local groups who uiilis¢ the building. In Trtbute The-lruslces wLwld like to recognise the contribulion Frank Heald mad¢ to creating The Hub. Sadly. the towll lo one of ils greale%i assets when I'rank passed away in October 2024. FIlWil0d Trust would noi be where it is today withoul l--rank's dedication to not only purchabing the building and spearheading its Frilevelopment bul also his 4$10n for crc2ting partneT%hipb to ensure all in Fleetwood would benefit the proj¢ci. STRATEGIC REPORT Achie%'em¢nts #nd p¢rformllce CbArttAbk actitieS In Iht year the Trust ha - Assisted BlackrA)ol & l.ylde College to provide furthercouTSe% - Opened the Youth Hub in pannership wilh Fleeiwo(xl Town Con]munity TTUSt Progres&ed with refurbishment project utilisillg UKSPF monies lo develop a café, laundretie and comiounity room5. In th¢ year the Trust h&$ manageil its &hievements against the obje¢tiVC8 t. Idcally the café would hav¢ been oPed by rarly 2025 bul tinding the right partner to ruli th¢ café more irllportant that just opcning it. The partner hal to fil WLth the ethos of the Trnrt. FuJLdrHising #¢tiiryti¢s Fundrrising has been difficult irt the period du¢ ro lh¢ build projects. cuntinuing. Rev¢nue fund5 are iring gA)ught for Ihe future pd. Financial rewieiv Finn¢ll position The TrUtff5 hav¢ maintained a tinancially sustainable wgiiion throughout the year, despiie serious econolnic instabiliry and uncertainty of support on a nlOal level. Income has slightly incTca%ed in the and further funding I. bein¥ sought for revenue. Providing a syace that have scrvic£s that 1[1 benefit Ihe people of Fleetw1 1% more important 10 the Trust than increa5in¥ in¢omr. Page I
FLEETWOOD TRUST REPOR'f OF Tllb'TRUSTFF.S for the v¢ar ended 31 March 2025 STRATEGIC REPORT Flnantlal r¢viev Prftlclpal fuiiding rreS The Trusi's main sourc¢ of funding is rental income receiv¢(L grants- applied for ar donations. Re$erve$ pollry Any reserves held aTe hr the developmcnl of the propcrty ai this stage. Once the Charity 1% more ebtablibhed and has met it's initial objective% it may be necessary 10 develop a more fomial reers policy. At the moment the trust i¥ trying to keep free reseNes to cover fi months of costs. Unrestricted reserves ot the peTiod elld are £1.980,724 (20•4, £2,n14,632). L?,033.893 of the unre5lTlcd reSve$ are TepTesent¢d by fixed leaving1£53.169) of free teserves. PrineipAI risks and uncertaintie5 The principal risk facing the Trust j5 in relation to funding.. whdhtr that is direct funding for the Trust's revenue or partne funding tliat allows tliern to run %¥rvicLS in Ihe building. FutUTe plan5 The Tmst 1% regenerdling the hospital building in Fleetwoo¢L breathing life into a partially derelict building. The TTUgtees see that the project will evolve and change &s it progreists as the needs of the cotnTnunity change around ii. STRUCTURE. COVERNANCE AND MANAGEMEliT Cov¢rniRJg document The Charily its Govemed by it's Articles of Association. Ch#rity constitutlon The Charity is an iiicorporatcd ¢on)pany limited by gllarantee. Recruitment And $ppointment of n¢w trnstees Should the need arise tts ieetuit new tCeS ihe chariiy will follow chaTiti¢s commission guidancc in recTuiting and appoiniing new ¢n1¢e$ with the rcquired skill Set. Suilablc irtducuon procedures and training will be provided in the event of a new truslee being appointeil. Deci8ioD making The Board me£ts on a bi-monthly basis io moni1orproSS and determine next steps. Key remuneration Key managernenl rernuneration was £56.320 {202£k£56,250) in total. REFEREFICE AND ADMINISTRATIVE DETAILS Registered Company number 11352453 (England and Wales) Regtstered Cb8rlty nutnber 1181679 Registered offl¢e Pharos Sire£t Fleetwood LanChirC FY7 6BE Poge 2
FLEETWOOD TRUST REPORT OF THE TRUSTELS for the >e&r ended 31 2025 Trustees Mrs Maurcen Linda Bums Mr Andrew David Charles Canon Alfred T¢renLe Hay Lord Thomas McNally {resigned 19.9.24) Mrs Rebe¢¢a Jane Murdoch Mr Bryan Olsen {resigned 19.9.24) Dr MaTrk Spencer Mr Richard jae$ Llames (resigEied 19.9.24} M.$ Sliaron TheresaJone8 Miss Lucy Fiona Macneil Auditors Xeinadin Audit Liniiied Siatiilory Auditor 17 St l>eters Ple Flcctwood Lan¢ashiTe FY7 6EB Solicitor Dal'id Evans RaTn.%dcn% Solicitors LIP Lttd5 LSI 2RY STATEMENT OF TRUSTEES, RESPOT4SIBILJTIES The Irumees (who are also the directori of Fleelwoud Trust for the purposes of COMlY law) aff responsible for preparin¥ the Report of Ihc Ttustees and the fjnancial staternents in accordan¢¢ with applicable law #nd United Ktngdorn Accounting Standards (United Kipgdorn CJcn¢rally Accepted A¢¢ounting l?raclice). Company law, requiros ihc ttwste¢% to prepare fin8neial aternents foi each financial year which ¥ive a true and fair view of the state of aftair5 of the ChilablE company and of the incoming resources and applicaiion of resouTCty including the income and ¢xpenditur4 of the charitable LYIvany for that period. In prqring those financial siaiements. the Iruslet% are requiied lo belccl Suitable accounting policies and tlien apply thcrn consicntly' obseTVC thc meth(7J and principl&% in the Chariiy SOiiP. make judgement5 and estimaies that are re&sonable and prudenL prepa the financial slat¢m¢nis on the going concetn basis unless it is inappropriate lo presume Ihai the charitable Company will continue in business. The trustees are rt%Fx)nsible for kttping proper accounting records which disclose with reasonable accuracy at any iirne the financial p051tion of ihe charilable cotnparty and 10 enable thern to cnsure that the financial statements tomply with the Companies A¢1 2006. They are alw rc.%ponsible for.4feguanling rhe assets of the charitable company and henc¢ for taking reasonable steps forthc prcvention and de¢(lon of fraud ad other irregulaTiiies. In so far the trustees are aware.. Ihere is no relevant 2udit infonnation of which the charitable company'8 auditor% are iinaware.. and the InLtylee5 have taken all steps thai they ought to have iaken to make themselves aware of any relevant audit information and to c8tablish that the auditors are aware of that infomiation. AUDITORS Thc auditor% Xeinadin Audit Limited, will be prowsed for re-appointtnent at the forthcoming Anllu21 Qeneral Meeting. Rq)ort of the tle* in¢orporniing a siralegic report. approved by order ot. the of iru5Eees. as ihe company direciors. Qll LO Qkpo..W .2Q.U.. and signcd on the board's behalfby.. Page 3
FLEETWOOD TRUST REPORT OF THE TRusfEES for the year ended 31 March 2025 Mr5 Rebecca Jane Murdoch- frustee Page4
REPORT OF THE INDEPENDENT AUDTtORS TO THE TRUSTEES OF
FLEETWOOD TRUST
Oplnlon
We liave audited th¢ financial stat¢Tnrnts of Fleetwood -frust (the 'charitable company,) for the year ended
31 March 2025 which comprise the Statement of Financial Activiiio% the Balance Sheet. the C&sh Flaw Staienenl and
notes to the financial siaicmeni% including a sumrnary of significant accounting policies. The fJnan¢ial reporting
framework that been applied in their preparati(¥n i% applicable law and United Kingdom Accounting Sundards
(United Kingdom Generdlly Accepted Accountin¥ Pr
REPORT OF THE If4DEPEF4DENT At)DITOIiS TOTHE TRUSTEES OF FLEETWOOD TRUS'r Rtsponslblllties of trustees As ¢xpl8ined more fully ID th¢ ol Truste¢5' RestK)EJsibilities. the trustees {who are also the dit¢ctor5 of th¢ cbantable Company for the of cojnpally lawl are te5poLsible for the preparation of th¢ financial statements and for being 5ali8fied that they give a tTh and fair view, al for such interna] control the tru5tec5 detern)in¢ is necessary to enable prq)atation olfinall¢ial statemen¢s thal 8tt free from m8t¢Tio1 mis$tatemeTh( whetherdue io fraud or hj preparing the fujancial statejnents, the trustees are reS5]b]e foi a55¢55in¥ the charitrabl¢ CopalS ability to conttnue as a ¥oin¥ dilosll)g, as applic#bl¢, n]all¢r$ relatrd to goiDg concern and wsing the going concern is of accounting uDless the trustees either intthl to liquidat¢ the cbaritable company or to Cfa5e operations, or havc tealistic alternative bul ts) do so. Our re&ponsibilit]ts for the audit of the l]llan¢i41 ststemtnts We have been appointcd as auditor8 ullder SectioD 144 of the ChltieS Aci 20118nd report in accordance with th¢ Act relevant Arguiations mad¢ or having ¢ff¢Yt th¢reuDder. Our objective5 are to oblain TCa50Dabl¢ a$5Utanre about whether the fioancial statenth &8 a whol¢ are free from material misstalcmenl, whether due to fraud or ertor, and to issue a Re of the Tndcpathi Audito[5 th&t ItlUd our opinion. Reosonable &vurante 1$ a hi Icvcl of a&surar, but is not a guarantee audit conducted in aCcI1ce with ISAS (UK} will always detttt a material misstatement when it exists. Mi&8taternents arise from fralld or errol and are considcred Materi if. individually OT in the dggregaie. th¢y couid reawnably be eXpted to ititlu¢n¢¢ the ¢¢onolC decisions of user5 tsken on the basis L)f tb¢se fJn4n¢ial slal¢m¢nl$. The extrnt to whjch ourpmctrAlfjJrcs are capable of deteclÉn8 itre8ularilies. including fraud is d¢taIlb¢low." I} Discus8ioThs with St£C3 and 8¢tl, ilud)g ¢oDsiderntion of known or susrkcted installcts of non4ompliance wtth laws and regulation and fraud. Thi& illclu legis]alion that affects tbe runniDK of the FoundaLion such as Cbarities Act 2011 and¢yrreDtpaymJl and employment legislation. 21 Challenging assumptio5 andiL¥Jg¢m¢nts by the trust¢¢s aThl mJD8g¢ment. 3} Idenb"fyryng testingioutTal CDtiics, in particular those posted with unusu8] account combinations. This ittcludes r¢viewing significant entrtes around the year end andany journals posted thruu¥hLTrUt the year. A fither description of our respoThsibÉlitie5 tor the audrt ol"tb¢ finaocial stat¢meDts is locthd on thc Financial Rcporting Council'5 w¢bsite at wMrw.fr¢.or&uklauditorsresponsibilitie5. description forms pwt of our Report of the Independent Auditors. U9eof our report This rcport is tnadt solely io the charitable compooy's trw5tee¥, a¥ 8 body, in ccordatKt with Part 4 of tk CILariti¢s (A¢ww)ts and lietx)rts) Regul10% 2(M)8. (kn audii work has been uDd¢rt2ken so that we migm stste to the tharitable COTnpai]y'5 IStreS those matters we are required to state to theED in auditor5, rwt and for no other pwe. To th¢ Ilest exlenl pBrEnitted by law, we do Mt accept or &5sume resw>n&ibi1sty to anyone ottKr than the charitable Company 8Th4 the ¢han'table compan5 a5 abody. forouraudit work. forthis re[ orfor the opinion5 we have fomied. Xelldin Audit Limited StatuioryAuditor Eliwble to act&8 an auditoriti ofsectii)tt 1212 of theCompwi¢5 Art2006 17 St P¢iets Place Fieetwood tatKashire FY7 6EB io Pgge 6
FLEETWOOD TRUST STATEMEKf OF FINALYCI.4I, ACTIVITIES for the ended 31 rtrlarcb 2025 ?025 Total funds 2024 Total funds Unres1rirted fund Restricted funds Note5 INCOME AND ENDOWMENTS TrROM Donations and legacies 6.233 904.310 910,543 812.928 Oiher rroding aCtiticS Investment ircome 48.523 98,252 135.714 135.714 TotAI 141.947 904.310 1.046.257 959.703 EXPF.TriDITURE O Charitable a¢iivities 165,610 157,638 323,248 137,119 Othcr 10.244 10244 11.5AO Total 175,854 157,638 333,492 148.699 NET 1NCOMEI{EXPENDuRE) 133,907) 746.672 712.765 81],14 RECONCII,IATION OF FUNDS Total funds brought forward 2,014,632 647.483 2.66? 115 TOTAL TrUNDS CARRIED FORWARD 1.980,725 1,394,155 3,374.880 2,662,115 Thc Doles ftsmi part of thcs¢ finalla[ siatements Page 7
FI.F.ETWOOD TRUS'r BALANCE SHEET 31 M*r¢b 2025 2024 Toial funds Unrestricted fund Re¢1¢d funds 'loial Nol¢s FIXF.D ASSETS Tangible assets 10 2,033,893 1,394.156 3,428.049 2,557,794 CURRENT ASSETS Debtors Cash at bank 5.032 93,021 55,031 110,773 2?0,8?? 241,579 17.752 98,053 67.752 165.805 462,401 CREDITORS Amoun1.% falling due within one year 12 152.112) {67.7521 {119.864) {240,469} IYET CURRI:NT ASSETS 45,941 45,941 221.932 TOTAI, ASSETS LESS CLRRLfiT LIABILITIES 2,079.834 1,394,156 3,473,990 2,779,726 CREDITORS Amounts falling due after more than one yeaT 13 {99.110) 199.110) 'ET ASSETS 1.980,724 1,394,156 3,374,880 2,662,] l5 FL74DS Unresiricted funds Rcstrictcd fund% 1,980.724 1,394.156 2,014.632 647,483 TOTAL FUNDS 3,374,880 2,662.115 The ¢hariiabl¢ company is entitled to exetnption from audit under Section 477 of the CoTnpanies Act 2(K)6 for the yeor ended 31 March 2025. The TllcTnkn. have nol deposiied notice, pursuant to Section 476 of the cOmpleS Act 2(M)6 U]ring an audit ol these financial stateinaits. The ttuste&% a¢knowledge iheir rwonsibililiei for {a) ensuring thal the chaiilable company kecps accounting records ihai comply with Sections .186 and 387 of the Compani&% Act and preparing financi slaiements whi¢h give a truc and fair l¢W of Ihe stale of affairs of the charitable company as at the end of each financial year alld of i¢s surplus or deficit for each finan¢ial yfdr in accordance with the requirements of Sections 394 and 395 and which i)therwise comply with the Tequiremelltts (pf the Cornpanies Act 2(KJ6 Telating to financial slatemenls so far as applicable to the charitable Lvmpany. {b) Th¢se fjnancial statements l)av¢ been audittd under the requirements of Se¢tion 145 of the Charitie5 Act 2011. The notes forni part of thtse financial statemcnt8 Page 8 continued...
FLEETWOOD TRUST BALANCE SHEET- ¢Ontined 31 fwIarch 2025 I'hese financial statemciits havc been prepatrd in accordance with the provisions applicable to chariiable companies subject to the stnall companies regime. The financidl 5taiemenis were appiDved by tht Board of I'rustees and authorised for i&we ..1..P-..,o.fv. * l)i5. and were signed on ILS behalfby.. on Mr4 R¢bea Jun¢ Murdoch- Trustcc The notes fomi part of th financial st&ements Page 9
FLEETWOOD TRUST CASH FLOW STATEMETriT for the )'ear ended 31 March 2025 2025 20?4 Noies CAsh tIows from opeTting activities Ca%h genet2tcd from Thpcralions Interest patd 788,957 (10.244) 824.785 111,580) Net cath provided by operating activitics 778.713 813.205 C#$h fl(>s frorn investing activities Purch&%e of tangible fixed assets [nieI trceived {9M.628) 2,8116 (59I,18R) 1,386 Nel cash vsed in ini,eAing a¢tivities {941,742) (589,80?) Cash flow$ from fin&ncing aetivitieS Loan repaytnents in year {17,777) (16.422) Net cash used in fiDan¢in8 activitits (17,7771 116.422) Chinge In ea$h and CAsh tqulyfilents In the r¢porting pcrlod Cash and cSh equi*'8leDt$ at tbe bekvinning of the reporting perlod {180.806) 206,981 241,579 34,598 Cx5h and cash equivalents ot tbe end of the reportiDg period 60.773 241.579 The n¢$ fom) part of these financial stat¢ments Page 10
FLEETITrOOD TRUST NOTES I'O TFIE CASH FLOW STA'TEMEtIT for the year ended 31 MArch 2025 RECONCILIATION OF IYET If4COMF. TO NF.T CASH FLOW FROM OPERATIYG ACtIlTIEs 2024 Net Income for the reporting period {a$ p¢r the Statement of Finauclal ACtities) Adjustments for.. Deprecialion chatges Itiietesi received Iniere51 paid De¢r¢tIl1crc) in dcbtors (Dccrca8eyin¢rease in ¢reditors 712,765 811.(K)4 74.373 {?,886) 5.978 (1.386) 11.580 (217.230) 214,839 165.790 {L71.3?91 Net cash protrlded by operitiotkS 788,957 824,785 ANALYSIS OTr CASII AND CASII EQUIVALENTS 9025 2094 Noii¢edeposiLS IIL%s than 3 months) Overdrdfts included in bank loans and overdTaftb falling due within one year 110.773 150.000) 241,579 Total cash aNi cath e9uivalenis 60.773 241.579 ANALYSIS OF CHAL¥GES IL¥ NET FUNDSI(DEBT) At 114124 Cash flow Ai 3113125 let cash C&th al bank Bank overdraft 241.579 (130,806} {50.000} 110.773 {50.(K)O} 241.579 (180.806) 60,773 Debt Debis falling due within l y¢ar Debts. falling duc after l year 123.030) {117,611) (724} 18.501 (23.754) {99.110} {140.641) 17.777 1122,864) Totsl (163,029) (62.09l } Thr ttoies forn) part of these financial statements Pagell
FLEETWOOD TRUSI. NO'I'ES TO TIIE FINANCIAL S'I'ATEMENTS for the end¢d JI tl8rch 2(125 ACCOUNTif4G POLICILS Bas1$ of preparlng the tlnancial statements The financial staiements of the ¢haTitabl¢ eompany. which is a public benefit entity undei FRS 10? have beeii prepared in accordance with the Charities SORF IFRS 10?) Accounting an(t Reporting by C'haritie%.' Statemeni of ReLmmended Practice applicable lo charities preparing dieir accounts in a¢cordan¢e with the Finantial Reporting Standard applicabl¢ in tbe UK and Republic of ITcland {FRS 1021 (effective l January 20191,. Financial Reporting Standard 102 'The Financial Reporting Siandard applicable in the UK and Republic of Ireland, and the Companiog Act 20(KS. The fJn8ncial statements have btrn prepared under The historical c05t ¢onvenlion. Golng contern There are no merial Mn¢¢rtainiies about the charity s ability io wniiiiue a goin¥ concem, IDcome All iiicome is Tecogni5ed in the Slalement of Fitwicial Act]tIo once the Charity has entitlement to the funds, li i5 Probable that the income will k rtteivcd and the amount Can be me&sured reliably. ExpeDdiiiire LiabElities are recognised as expenditure as soon there is a legal or conslruclive obligation cominitting the ¢hwity to ihat exnditure. it is probable that a transfer of eLonornic benefits will be required in Settlement and the amouni of th¢ obli¥ation can be rnvabured rcliably. Expenditure is accounted tor on 2n accnjals b&sis and h& been classificd undcr headings thai aggregate all c051 related to the category. lfvThere cost% cannoi be directly attributed to particular headings they have been allocated to activities on a ]5 consistet)t th the use of TesoUTc. Tangible fLxed $$¢ts Depreciatioii is provided ai the lollowing a[Ual Fates in order tu write off each a55d over its estimated useful life. Fixtures and fittings Compuier equipment 200/0 on cost 33/0 on cost Mixcd use proptrty should be separated between inve5ttnenl PTopeny and propety held for operational use as a tangtble fixed asset. However. the fair value of ihe inv¢slJllent prOrty ¢omp¢)nenl cannot be measured reliably, the entire property is iherefore accounted foT as propety withÈn langible fixed et$. TAtIoN The charily i5 eKefftpt from torpoTatii)n tax on its charitable aciiviri&8. Fund accouts¢ing UnJYstricted funds can be used in accordance wilh the charitable objectives at the di&crfflion of the trusitts. Restricted funds. can only used for pani¢lllar r¢siri¢ted purpob¢% within the objects of the ¢harity. Re%irictions arise when spe¢ifJ¢d by the donoi or when furtds" are raised for particular n¢¢ed PUTpose%. Furthtrexplanalion of Ihe iiature and purpose of &wh fund ].% included in the noies to the financial &taiemenr& Page 12 coniinued..
FLEETWOOD TRUST ISOTES TO THE b"INANCIAI, STATEMENTS- continued for the )'e*r eDded JI lrth 2025 DONATIONS AND LEGACIES 2025 20?4 Donation5 Grant% 6.23.1 9(H.310 8.239 804,689 910.543 812,9?8 GTants receive included in the abov< are as follomrs: 20?5 2024 Social Invesimcnl Business Grdnl Blackpool & l.ylde College Princes Foiindation Wyre Courtil Youth Fund Gartield Weslon UKSPF Grant 554,310 516,133 15,(K)O 15,000 8,556 250.000 350.000 9()4.310 804.689 OTHER TIL4DING ACTIVITIES 20?5 NWAS contribution 48,523 INVESTMEf+fi INCOML 2025 2024 Rents received I¢t ¢mIni interest 132,828 2.886 96,866 1.386 135,714 98,252 SUPPORT COSTS Governanee Managetnent Finance Raising donations and lega¢ie8 3<M).208 107 22.933 J23248 Page 13 continued...
FLETr.TWOOD TRUST NOTES TO THE FIN.4NCIAL S1'ATEMENTS- continued for the year ended 31 Murch 2025 NF.T INCOMEI(EXPF.NDITURE> Net incomellexpendiiurel li %tat¢d after Chargin{£TedlIlA)'. 2025 Audilors, remuneration A¢¢ountancy fe Depteeiation- owned a55ets 3,555 1.445 74.373 1,445 5,978 TRUSTEES, REMUNERATION AND BLIYEFITS lliere weTe no trusteeg remuneration or other b¢n¢fi15 foi the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expen5e5 There were no tTU5t¢cs' cApcns¢s paid forthe year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS 2025 2024 Wages and salaries 65,532 60,959 65,532 60.959 The averdge monthly numberofemploytts during the year wa5 as follows: 2025 2024 Mage1Ct No employees received effltsluinenLS in ex¢e5s of £60,0(K). COMPARATIVES FOR TUE S'I'AI'FMENT OF FI.ANcIAL ACI'IVITIES Unre%lricted fund R¢siricied funds Total lunds INCOME AND ENDOWIMENTS FROM Donaiions and legaci¢s 272,882 540.046 812.928 Other trading tiVitI Invcstrnent income 48.523 98252 48,523 98252 Totsl 419,657 540.046 959,703 F,XPENDITURE ON Charitable activities 117.025 20.094 137.119 Other 11,580 11580 Tfjt41 128,605 20.094 148.699 NET INCOME 291.05? 519,952 811,0(M Page 14 continued...
FLkE'fwooD TRUST OTFS TO THE FINLYCIAL STATEMENTS- eontlnued for iht )'ear ended 31 M8r¢h 2025 COMPARATI1 FOR THE STATEMETr4T OF FINANCIAL ACTIVITEES- tontinued Unrestricted Restncled fund Total funds Trinsfers lJ¢twttn thnd5 ?10 i?10) r4et 0¢ent in funds 291.262 519,742 8ll.(KJ4 RECOTrICILIATION OF Truf4DS TO funds bn)ught forward 1.723,370 127.741 TOTAL FUNDS CARRIED FORWARD 2.OL4,63? 647.483 2.662.115 AO. TANGIBLE FIXED ASSETS Fixlures and ritiings Freehold pryrty Computer equiptnent COST At l April 2024 Additions 2,534.621 944233 34.332 395 2216 2.571.169 944.628 Ai 31 MaTch 2025 3.478,854 34.727 2216 3.515.797 DEPRECIATION At l April 2024 Charge for year 11.442 4.657 13,375 74.373 69,577 139 At_Il March 2025 69,577 16,099 2.07? 87.748 NET BOOK VALUE At 31 March 2025 3.409,277 18,628 3,428,049 Al 31 March 2024 2,534,641 22.890 283 2,557,794 ii. DEIJTORS: AMOUNTS FALLINC. DUE WITHIN ONE YEAR 2025 2024 Debtors V A'J. 5?.700 2,332 150,870 69.952 55.032 220.822 Page 15 continued...
FLEL'nVOOD TRUST OTES TO THE Fif4ANCIAL STATEIEY[s- ¢(fvntlnued for the year ended 31 Marrh 2025 12. CRLDITORS: AMouf+iTS FALLING DUE WITHI1¥ ONE YEAR 2025 2024 Bank loans and oi'erdrdfts {5ee note 14) Creditors Social security aNI other laK (hher Credito A¢¢ruals and deferred income 73.754 5,279 1.587 49? 38.752 23.030 196,819 20.620 119,864 240.469 13. CREDITORS: AlouNTs bALLING DUE AWTER MORE THAN ONE YEAR 2024 Bank loans (s¢¢ note 14) 99,110 14. LOANS An analysis of the ma¢uriiy of l¢)an5 is given below.. 2025 2024 AmounLS falling due ivithin one year on demantL. Bank overdrnfts Bank loans 50,0(K) 23.754 23.030 23,030 Arnounls falling between one and two yewy.. Bank loans 99,110 117,611 Is. MOVEMEf41" IN FUNDS Transfers bwe funds movemeni in fun(ts At 31r3125 AÈ 114PJ Unrestritted fvnds General FLind 2.014.632 (33.9081 1,980.724 Restrlrted futtds Social Envestmenl Business Grant Fund Collegc Fund Space Oasis Fa¢ilitie% Fund Soci£il Invesrment Business Grant Building Reserve UKSPF Fund 427.506 (1,4221 (2,593) (7(K)) (427,51XS1 71.100 12.965 35.IK)O 69,678 34,300 528.418 (19,1181 42751 9_36,806 343.(K)O 647,483 746,673 1.394,156 TOTAI, FUNDS 2.662.115 712.765 3,374,880 Page 16 continued...
'LkETWOOD TRUST NOTES TO THE I'INANCIAL s'fA'fkMEiYfs- continued for th¢ }'ear ended 31 March 2025 15. MOVEMENT IN FUNDS- continued Net movemeni in funds., included in the above are as follows- IncotTring rtsources Re¥Durtes expended Movement in fvn& Unrestricted fund5 Generdl r.und 14L,947 {175,855) (33.8> Restricted fund5 Social InVment lnesS Grant Fund College Fund Spa¢e Oasis Facilitie5 Fund Social ljivestinent Busine55 GTant Building 554,310 (1?6.8041 11,4221 12,59.11 (700) 427.506 {1.42?) (2.593) 17(XJ) (19.1181 (7,(KKJ) 119,118) 343.000 UKSPF Futid 350,LN)O 904,310 (157.637) 746.673 TOTAL FUNDS 1,046,257 {3.3.3.492) 712.765 comparativ for movement In funds Net movement in funds Tran%fers between funiL At 3113124 At L14123 Unr¢$trl¢ted funds General Fund 1.723,370 291,052 210 2,014.632 Restiicted fund5 S¢xial Investment Busincs5 Grant Fund College Fund Space oosis Facilities Fund Social Investment Businoqs Grant Building Rttscrve 10,137 56.100 16,206 35.000 508,193 15,(XK) (3241) (518,330) 71,100 12,965 35,OLK) 10.298 518,120 598,418 127,741 519.952 (?io) 647,483 TOTAL FUNDS 811.004 ?,662,115 Page 17 continued...
FLEETWOOD'fRUST NOTES TO THF, FINANCJAL STAI"LMENTS- eontinued for the Ve ended JI M8r¢li 2025 15. MOVE,MENT IN FUNDS- eontinued Compar*iv¢ nei movement in fvDd5, in¢lud¢d in the above are as follows.. Incoming Rv4our¢e expended Mov¢ment in fundb- UDrestriettd funds General FutKI 419.657 {128,605) 291,052 Restrl¢ted fund5 Comrnunily Kitchen Fund Social Invlent BinesS Grant Fund Colle¥e Fund Space Oasis WyTe Council y(th lund 357 516,133 15.OUO (357) (7.940) 508,193 15.(KM) (32411 lJ.241) {8.556} 8,556 540,046 120,0941 519.952 TOTAL FUNDS 959,70J (148.699) 811.f A Current year 12 months and PriOT year 12 months ¢ombined position 15 a follows". Nct mov¢Jnent In funds Trdnsfers bwccn funds At 311.3125 At 114123 Unrestricted fvnds Gencral FUJ 1.72.3,170 257.144 210 1,980,724 Restrlcted funds Social tnvestment EIn5 Grdnl Fund Colle¥e Fund Space O&si8 Facilitie5 Fund So¢tal Invc¢ment Busine&8 Grani Building Reserve UKSPF FutKI 10,137 56.100 16,206 35.000 935,699 13,578 (5,834) (7() {945,836) 69,678 10,372 34,3(X) 10,298 (19.118) 343,0(K) 945,626 936,806 127.741 1,266,625 {2101 1,394,156 TOTAL D UNDS 1521,769 3J74.880 Page 18 continued...
FLEETWOOD TRusr NOTLS TO THF. FINANCIAL STATEMENTS- toll11utd for Ihe Trear ended 31 Mwcb 202S 15. MOVEMENT IN FbT4DS- roti¢inued A current year 12 months and prior year 12 rnonth% combined net movement in fund& included in the above are as follows-. Incomtng resource5 Movetncnt in funds cxpended Unre51ricted Gcneral Fund 561,604 (304,4601 257,144 Restricted fund5 Community Kitchen Fund Social Inve51rnent Busines5 Gratjt Fund Colltge Fund Space Oasis Faciliti Fund S(tial Invesimeni Busin¢ Gt3ni Building Reser¢e Wyre Council Youth Fund UKSPF I'"und 357 1,070,443 15,0(K) (357) 1134.744) 11,422) 15,834} (7)} 935,699 13,578 (5.814) {71J)) 119,1181 (8,5561 {7,0) 8,556 350.(KJO 343,IMYJ 1.444.356 (177.731) 1,266.625 TOTAL F¥Ds 2,005.960 1482,191) 1,523.769 All of the charity's fund5. were created ,he the charity Teceii'ed grants. tst donlOn5 towards the specific purpose ot'ihese projec1& 'I'he Sociol Investment Business Grani Building Reserve represents cosLs expcnded fn)m the the Social Investsnent Bu.sin¢&s Grnnt on ¢apiial expenditure. Thi% amount ha5 not been released to General Rerv & thett are ¢onditiOnS attached to the fuJ]ding which ¢ould reslllt ID claknk of the fundin8 UP to the poini the building work is si¥ned otT. i& RELATED PARTY DISCLOSURES Therr were related party tran%a¢tiOTLS for the ycar ended 31 MaT¢h 2025. Page 19
FLEETWOOD TRUST DETAILbD STATEMENT OF FINANCIAL ACTIVITIES for the yeAr ended 31 M8rch 2(125 2025 2024 INCOME AiYD E"NDOWMENTS Donailolls #nd le##¢ies Donations Giants 6,233 904.310 8.239 804.689 910541 812.928 Other trAdlng a¢thldes NWAS contrtbulion 48.523 IrLvestment Income Rents received Dq)osit account interest 132.828 2,886 96.866 ,386 135.714 98.252 TotAI incoming resovrees 1.<)46.257 959.703 EXPENDITURE Other Bank inteT¢St Bank loan inierest 10244 11.578 10.244 11,580 Support eosts Iq4nAgem¢nt Wages IrLSUtance Lighi. heat and power Telephone FfFC Commiiniiy Tn1 Yollih Huh Advertising SL¢ndries Repairs & maintenance 'I'Favel Training & rccruitrnent &)ftWa & computer Cleaning Freeliold property Fixluies and fittings Computer equipment 65,532 3.887 18,801 2,741 112,608 1,938 60.959 16,479 li.064 2,694 6,244 16,426 1,916 1,540 1.303 3.654 1.314 1,739 69,577 4.657 139 5.722 256 300,208 133.535 FiD&nc¢ k Charges 107 This pa¥e doc5 not fotTn part of the &*uiOry financial statements Page 20
FI,EETIVOOD TRUSI. DETAILED STATF.MENT OF FINANCIAL ACTIVJ"I"IES for the Tr'eor ended JI Mareh 2025 2024 inance Covern#nee eosts Allditorl remunerdlioll Auditotg remuneration for non audil work Legal and prote5sional fees 3,555 1,44) 17.933 1,445 2.035 22.933 3,480 Total resource5 expended 331,492 148.699 L¥et income 712.765 811,004 Thi5 pag¢ does not fomi part of the statutory financi statements Page 21