Charity number: 1184828 Company number: CE018480
The Friends of Harrow Weald
Trustees' report and financial statements
for the year ended 31 December 2023
The Friends of Harrow Weald
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees report | 2 - 3 |
| Independent examiners' report | 4 |
| Income and expenditure account | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 10 |
The Friends of Harrow Weald
Legal and administrative information
| Charity number | 1184828 |
|---|---|
| Company registration number | CE018480 |
| Registered office | 80 Boxtree Lane |
| Harrow | |
| HA3 6JN | |
| Trustees | Rolland Vaughan |
| Sara-Jane Reeves-Smith | |
| Neil Barber | |
| Accountants | Ms R Golesorkhi |
| 28 Ridge Close | |
| Kingsbury | |
| NW9 0UD |
Page 1
The Friends of Harrow Weald
Report of the trustees for the year ended 31 December 2023
The trustees present their report and the financial statements for the year ended 31 December 2023. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
The charity is registered as a charity and governed by its constitution dated 8th August 2019. It is run by a small team of Trustees, assisted by volunteers.
Objectives and activities
To further or benefit the residents of harrow weald, and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authority, (London Borough of Harrow), voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents.
Achievements and performance
The Friends of Harrow Weald are continuing to work towards transforming parks into the very best community centres. For the benefit of both the environment and park users, parks should be carbon neutral and kept free from plastic and general litter, provide accessible drinking water and a safe environment for all with a strong emphasis on recycling and teaching.
The trustees confirm that they have had regard to the guidance issued by the Charity Commission on public benefit.
Financial review
The Friends ran very successful sessions at the cafe in the park, but although income increased costs also increased, resulting in a small deficit for the year.
The friends aim to build up a reserve of funds sufficient to meet needs for three months of no income, but so far have not been succesfull.
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
Page 2
The Friends of Harrow Weald
Report of the trustees for the year ended 31 December 2023
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the board
Rolland Vaughan Trustee
Page 3
The Friends of Harrow Weald
Independent examiner's report to the trustees on the unaudited financial statements of The Friends of Harrow Weald.
I report on the accounts of The Friends of Harrow Weald for the year ended 31 December 2023 set out on pages 2 to 10.
Respective responsibilities of trustees and independent examiner
As the charity's trustees you are responsible for the preparation of the accounts,in accordance with the requirements of the Charities Act 2011 (The Act) It is my responsibility under section 145 of The Act and in carrying out my examination I have followed the procedures laid down in the General Directions given by the Charity Commission under section 4145(5)(b) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(i) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep proper accounting records in accordance with section 130 of the Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act as set out in the Charities (Accounts and Reports) regulations 2008 other than any requirement that the accounts give a "true and fair" view which is not a matter considered as part of an independent examination.
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...........................................................
Ms R Golesorkhi
Independent examiner 28 Ridge Close Kingsbury
NW9 0UD
Page 4
The Friends of Harrow Weald
Income and expenditure account
For the year ended 31 December 2023
| 2023 | 2022 | 2022 | ||||
|---|---|---|---|---|---|---|
| Notes | £ | £ | ||||
| Income | 61,493 | 43,673 | ||||
| Operating expenditure | (66,051 | ) | (48,071 | ) | ||
| Operating deficit | (4,558 | ) | (4,398 | ) | ||
| Retained deficit for the financial year | (4,558 | ) | (4,398 | ) |
All activities derive from continuing operations.
The notes on pages 7 to 10 form an integral part of these financial statements.
Page 5
The Friends of Harrow Weald
Balance sheet
as at 31 December 2023
| Notes Fixed assets Tangible assets 4 Current assets Stocks Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current liabilities Net (liabilities)/assets Funds 6 Unrestricted income funds Total funds |
2023 £ £ 3,219 595 1,096 1,691 ) (8,715 ) (7,024 ) (3,805 ) (3,805 ) (3,805 |
2022 £ £ 3,996 560 912 1,472 ) (4,715 ) (3,243 753 753 753 |
|---|---|---|
The financial statements were approved by the trustees on and signed on its behalf by
Rolland Vaughan Trustee
The notes on pages 7 to 10 form an integral part of these financial statements.
Page 6
The Friends of Harrow Weald
Notes to financial statements for the year ended 31 December 2023
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 1993.
1.2. Cashflow
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
1.3. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
1.4. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
1.5. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Fixtures, fittings and equipment 25% straight line
1.6. Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
Page 7
The Friends of Harrow Weald
Notes to financial statements for the year ended 31 December 2023
| 2. Voluntary income Unrestricted funds £ Cafe sales 61,150 Donations and Legacies 343 61,493 3. Employees Employment costs Wages and salaries No employee received emoluments of more than £60,000 (2022 : None). Number of employees |
2023 Total £ 61,150 343 61,493 2023 £ 22,973 |
2022 Total £ 36,686 6,987 |
|
|---|---|---|---|
| 43,673 | |||
| 2022 £ 8,020 |
|||
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:
| 2023 | 2022 |
|---|---|
| Number | Number |
| 4 | 1 |
Page 8
The Friends of Harrow Weald
Notes to financial statements for the year ended 31 December 2023
| Fixtures, 4. Tangible fixed assets fittings and equipment £ Cost At 1 January 2023 5,896 Additions 502 At 31 December 2023 6,398 Depreciation At 1 January 2023 1,900 Charge for the year 1,279 At 31 December 2023 3,179 Net book values At 31 December 2023 3,219 At 31 December 2022 3,996 5. Creditors: amounts falling due within one year 2023 £ Other creditors 3,150 Accruals and deferred income 5,565 8,715 6. Analysis of net assets between funds Unrestricted funds £ Fund balances at 31 December 2023 as represented by: Tangible fixed assets 3,219 Current assets 1,691 Current liabilities ) (8,715 ) (3,805 |
Total £ 5,896 502 6,398 1,900 1,279 3,179 3,219 3,996 2022 £ - 4,715 4,715 Total funds £ 3,219 1,691 ) (8,715 ) (3,805 |
|
|---|---|---|
Page 9
The Friends of Harrow Weald
Notes to financial statements for the year ended 31 December 2023
| 7. | Unrestricted funds | At | At | ||||
|---|---|---|---|---|---|---|---|
| Incoming | Outgoing | ||||||
| 2023 | resources | resources | 2023 | ||||
| £ | £ | £ | £ | ||||
| Funds | 753 | 61,493 | (66,051 | ) | (3,805 | ) |
Page 10
The Friends of Harrow Weald
Detailed statement of financial activities
For the year ended 31 December 2023
| Incoming resources Voluntary income Cafe sales Donations and Legacies Total incoming resources Grants Grants Park Expenditure Activity 1 - Opening stock Purchases Closing stock Staff - Salaries & wages Establishment - Rent Litter picking project Establishment - Repairs & maintenance Establishment - Insurance Motor vehicle expenses Professional - Accountancy fees Telephone Office expenses - Other Depreciation & impairment Bank charges Total costs |
2023 £ £ 61,150 343 61,493 61,493 - - 560 26,154 ) (595 22,973 12,147 - 990 609 828 850 168 20 1,279 68 66,051 |
2022 £ £ 36,686 6,987 43,673 43,673 1,500 1,500 - 19,580 ) (560 8,020 7,100 5,000 3,211 473 928 1,500 - 77 1,180 62 48,071 |
2022 £ £ 36,686 6,987 43,673 43,673 1,500 1,500 - 19,580 ) (560 8,020 7,100 5,000 3,211 473 928 1,500 - 77 1,180 62 48,071 |
|---|---|---|---|
| 43,673 | |||
| 43,673 | |||
| 1,500 48,071 |
Page 11
| The Friends of Harrow Weald | ||||
|---|---|---|---|---|
| Detailed statement of financial activities | ||||
| For the year ended 31 December 2023 | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Charitable activities | ||||
| Net incoming/(outgoing) resources for the year | (4,558 | ) | (4,398 | ) |
Page 12