Friends of Downe Activity Centre FINANCIAL STATEMENTS of the TRUSTEES for tho Year Endod 31 March 2023 Charlty Rogl8tratlon Number 1194761 Independ•nt Examlnor: SADLER FOGARTY SERVICES LTD TIAS Sadler Davles & Co Chartered Accountants 3 Enterprlse House 8 Esw Road KENT DAI 2AU Reglstered Address: 3 Hilborough Way, Orpington, BR6 7EW Friends of Downe Activity Centre 'Ann IRe ort f r the Year Ended 31st Charltable Incorporated Organlsatlon: CE025534 Charlty number: 1194761 Reglstered Office: 3 Hllborough Way, Orpington, BR6 7EW Bankers: Metro Bank, Orplngton, Bromley 8R5 3RP Accountants: Sadler Fogarty Servlces Ltd. T/AS Sadler Davles & Co, Chartered Accountants, 3 Enterprlse House, 8 Essex Road, Dartford. Kent DAI 2AU Dlrectors and trustee5: The directors of the charitable company (the charltyl are bts trustees for the purpose of charity law. Angela Ri8helato (Chalrl Gavln Jackman (Wce Chalrl Chrlstopher Hayes Thomas Dawkins Allce Jackman Jenny Eldred Reslgned September 2022 Appolnted 23rd January 2023 Frlends of Downe Actlvlty Centre became re8lstered as a Charltable Incorporated Organlsatlon on 10th June 2021 wlth the Charlty Comm1551on. In the event of the CIO belng wound up, Tru5tee5 of the CIO have no Ilablllty to contrlbute to Its assets and no personal responslblllty for 5ettllng Its debts and Ilabllltles. Ives and artlvltl To advance the outdoor educatlon of young people, for the purposes of Physlcal and Mental Health, personal development and thelr envlronmental consclousness. Trustees conslder re8ularly how planned actlvltles wlll contrlbute to the alms and oblectlves set In accordance wlth publlc beneflt guldance. Trustees Durlng thls perlod, we have seen a change In Trustees Chrls Hayes decided to step down In September 2022 due to hls other volunteerlng commitments. We thank Chfls for all hls tlme, effort, and expertlse during the Inltlal phase of Frlends of Dawne Actlvity Centre's charlty reglstratlon and mobillsatlon, we wlsh hlm every success In hls future proJerts. We have been fortunate to recruit Jenny Eldred. a mental health professlonal with over 25 years of NHS Service workin8 across a wide range of flelds. She currently specialises in children and young people's mental health seNlces. focu51ng on prevention and early Intervention - worklng collaboratlvely withln education settlngs. Jenny Is passionate about working proactively wlth vulnerable and underrepresented groups wlth an emphasls on supporting children, young people, families, and communities to build on strengths, develop resillence and enhance mental health and well-belng for all. Chalrs Report and Revlew of the Year Introductlon The Trustees and volunteers have continued to work wbth the local authority and community groups to ne8Otlate the slte purchase from The kout Association ITSAI. The objective remains to purchase the slte, for community use. The Asset of Communlty Value remains in place, although the perlod of mortarium has now lapsed. Attempts by TSA to sell the site to commercial investorsldevelopment companies have been unsuccessful. Volunteèrlng Our strong volunteer base remalns a real strength of our organlsatlon, drawn from a range of backgrounds Includlng Scoutlng, Guldlng and community groups, and a proportlon new to volunteerlng are commltted to maintainlng• pre5ervin& and restorlng the site and its facilitie5. Although we have not held any workdays Within this time frame, several focused worklng partles have been working on speclfSc projects, core malntenance actlvltles, and fundraising. As there Is no dlrect access to the slte, many of our volunteers have kept thelr skills fresh and honed by volunteering with other crew5 and specialist teams, This has been especially useful a5 it is allowed us to build a neljvork of ski115, training and resources that we can draw upon from similar centres, building working relationships and business partnerships. We are incredibly grateful to all our volunteers for their time, energy• and enthusiasm during this time of uncertainty. Their commitment and resilience have been invaluable. Soclal aF)d Communlty Engagement Social event5 There has been a varlety of sotlal events hosted by teams of volunteers. These have been well attended and have been a good way of volunteers to stay connected to each other. These will continue. Flrewalk As we had paused active fundraising for this but already committed funds, we used thls event to support Scouts and Guides raising funds for overseas trlps. This was well attended and an excellent PR advent. Resldents, Meetin Trustees and key volunteers have contlnued to meet and attend local resident's meetings. Thi5 has been partlcularly useful in building a strategic case for the site, the potential offer and facilities that would serve the whole community. Flnan¢lal Revlew The fundraising teorn ha5 raised £6,385 a5 at the 31st March 202312022: £72,086). Cash fund5 held at year end amounted to £70,47112022; £65,506). During our ongoing di5CU55ions with The Scout A550ciation regarding a potential purchase. the Trustees made the decision to suspend actlve communlty fundralslng temporarily due to the lack of a clear path forward. Throughout the year. there were several Instances where the prospert of a successful bid seemed unlikely, especially following the realisation that various potential funding avenues were not feasible within the glven timeframe. Considering these challenge5 and to ensure adequate funds for the return of all traceable donatlons. we chose to pause active fundraising activities, particularly those associated wlth platforms imposing an admlnlstration charge. Despite this decision. a few individuals had organised personal sponsored events. resultlng In a modest number of donations that contributed to the funds. As Trustees, we believed it would be dlslngenuous to acttvely seek funds while The Scout Association Continued to navigate their course wlthout a flrm commitment to sell to U5. This cautious approach was taken to maintain transparency and integrity in our fundraising efforts. This strategy allowed us to keep the campaign actlve and supporters engaged whilst we sought the more slgniflcant donations. grants. and fundlng necessary for the purchase. Should the site be sold to another entty. these funding streams would not in¢ur costs to the charity. Trustees. responslbllttles In relation to flnanclal statements The law applicable to Charities In En8land and Walès requires the trustees to prepare flnancial statements for each flnanclal year which give a true and falr vlew of the state of affairs of the charlty and of the Incomlng resources and application of resources of the charlty for that perlod. The trustees are responsible for keeplng proper accounting records that disclose with reasonable accuracy at any tlme the financial posltion of the charlty and enable them to ensure that the flnancial statements comply wlth the Charltles Art 2011 and the Charlty (Accounts and Reports) Re8ulations 21x18. The trustees are also responsible for 5afeguardin8 the assets of the charlty and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other Irregularltles. This report was approved by the trustees and s18ned on their behalf bv: Angela Rlghelato Gavln Jackman Chalr Vlce Chalr 6.1 31 l ilzoL+. Dot• 311112024 FRIENDS OF DOWNE AcfiviTY CENTrE STATEMENT OF ASSEfs AND LIABILITIES AS AT 31ST MARCH 2023 Unrestrl£ted Restrlrtad 2023 2023 Total 2023 Total Tanilble Ffxed A55ets £74 74 £98 Current Assets Bank Accounts Prepayments & Accrued Income Total Current Assets £61,271 £2,Q#JO £63,271 £9,200 £70,471 £2,000 £72,471 £65.506 £2,000 £67,506 £9,200 Llabllltles.. amounts falllng due wlthln l year £250 £250 £125 Current Assets les5 Current uabll￿1eS £63,021 £9,200 £72,221 £67,381 Totsl Assets less Current Llabllltles £63,095 £9,200 £72,295 £67.479 FUNDS Unrestrlcted Funds- General Restricted Funds £63.095 £63.095 £9,200 £58.279 £9,200 £9,200 £63.095 £9.200 £72.295 £67.479 Slgned by; Date- FRIENDS OF DOWNE ACTIVITYCENTRE STATEMENTOF FINANCIALACTIVlnES FOR THE YEAR ENDED 31 MARCH 2023 r*strl Restrlcted TOTALFUNDS TOTAL FUNDS 2023 2022 Genwal INCOMING RESOURCES VoluThtary Income & Grants Charitable A¢tlvltles Income frorn Investmenrs TOTAL INCOMING RESOURCES £5.054 £1,331 £5.054 £1,331 £45,685 £26AOI 4b £6,385 £6,385 £72.086 RESOURCES EXPENDED Charftable A(ti¥ilies other Expenditure TOTAL RESOURCES EXPENDED £1.545 £25 £l.S69 £iy5 £25 £4,150 £457 £4.607 5b NET INCOMING I I OLTfGOING I RESOURCES BEFORE TRANSFERS £4,815 £67.479 ADDrrioNSTO & RELEASESFROM FUNDS NET MOVEMENT IN FUNDS £4AIS £4,815 £67.479 BALANCES BROUGHT FWD AT 01 APRIL2022 £58.279 £9.200 £67A79 8AiANCESU4RRIED FWDAT 31 MARCH Z023 £63,095 É9,200 £72,295 £67,479 FRIENDSOF DOWNEACTMfYCEPItRE NOTESTO THE HNAN¢IALSTATÉMEIIts FOR THEYEAP ENDEO 31 ￿RCH 2023 Ar￿UntIn&t0￿￿ntltsTh The financial statements have been prepared underthe htstorlcal Cost convention 3nd In x¢ordance ¥￿th the Chadtles StatèmÈnt of Rett*mmended Practlce ISORP FRS10212015 and the Charities*£t 2011. kn Independent examlnation Is required under the Charltles Att 2011. Ib Fund •¢wunllni Unrestrftted funds ire 3valiable for use ¥tthe dscrekn ofthe tWStee5 in fvr¢lwarKe of the8enef41 of thechadty. flestrfcted funds are sublected to reStr￿lan5 on thelrexpenditure ImwAd tythe do￿. TANGI8LE AXEDASSETS 2023 2022 Ea￿OMeTht Cost bll Addldons 123 kwmulated Deofeclaiion 31rt Marth 2022 C￿rge for year E25 £25 £25 NET BOO%VALUE 31st ma￿ 2023 LIABILme5 FALUNG DUE WITHIN I YEAR Accrued expenses CF•dlto 250 £125 É250 É125 INCOMING lE￿VR Voluntsry IncoTrv* Amazon Srnll• Donatlons DoTh•¢knns. 6Sft Alded £236 £4.818 É236 £4,81B £66 £29,974 £15.645 4b Ch•ritsblé ALtl¥ttles Fundnlsln¥Activkles Fundra551nBAttlvttles- GIftAhled 8adge$ 8ad8es- GIftAlded Mernbershlps Membershlps-Gfft Alded Nat5onal Lottery Cornmunlty Fund £1331 £1,331 £2,55S £7.515 £1,021 £187 £3.143 £2,780 £9,2C(I Grant: £1.331 £26 401 4t Intome from In¥•sfment TOTAL INCOMING RESOURCES FAIENDS OF DOWIIEAcfiviTYCENTRe NI)TE5 TOTHE FINANCIALSTATEMENTS FOR THEVEAR ENDED 31 MARCH 202a RESOURCES EXPENDED Uni Restri¢ted TOT Exy*dlture on charftsble•¢thiltles M7d8es Purchased Cornputtrcosts fire Walk Insurance5 OFfitelGeneral Admini5tratlve Expenses Other Professional Servlce5 PriThtin8. Postage and Stationery Sub5¢riPtions Travel and Accommodatlo £L578 £50 £2 £192 É3&6 £1.295 £1295 £125 £125 £tsi £45 £1.383 £125 £125 £125 £L545 £1.545 £4.150 Sb Othwexpendllurt Depreclatton 84Dk£har8e5 £25 £25 £29 33 £25 £25 £457 £1.569 £4fv7 Trtutee RemuneThtlon One ormore olihe trustees have been paid remuneratlon or recelved other beneflt5 fvom employment wlth thÈ tharlty.. kn8ela Riihelato Idonoted totharftyl Thoma5 Dawklns (donated to ¢harftyl £2D).60 £58.95 £25935 Fund5 Restrfrted FurK15 Grant.. National Lottery Comrnunity Fund &FWD E9.200 Incpme *nlltwe Net Mo¥ement TransfÉrs CFWD £9,2Cb) £9.200 ,2ts) General Resetve E58.279 £6,385 £1,569 £4,815 £63,rrJ5 TOTAL FUNOS E67.479 £6,385 £1.569 £4,815 E72.295