Foxle's Future Foxie's Future IA Charltable Incorporated Organlsatlon) Trustee's Report and Financial Statements For the perlod ended 29th February 2024 Charity Re8lstratlon Number: 1204342 Pa8e I
CONTENTS Report of Trustees Page 3 lTrJependent Examinati Rep)rt Page 13 Statement of Finandal Attiyitles Page 14 Balance Sheet Paqe 15 Notes to the Finandal Staten*nts Page 16 Pa8e 2
FOXIE'S FUTURE Trustee's Rem for the perlod ended 29 Febnmry 2024 Chairs Report As I wrlte thSs report Foxie's Future has Just celebrated its first birthday and what a flrst year It ha5 been, We have experienced many challen8e5 and rnet many slgnlf5cant milestcffie5. The flrst was In January 24 when we were able to announce we had secured our f7rst E1million. The efforts and work of our supporters has been amazing) from the smallest Rainbow, who has yet to experSence Foxlea5e, local community, businesses and groups who want to be able to access Foxlejse for lelsure and trainln8 and to th05e who have 5Fent much of thelr live5 wlth connectksns arKI companionshlp and fond mernorSes who want to enable others to have that opportunity. In the latter of our first year, havfng launched our Communlty Loan Scheme to enable u5 to bld for Lot 2 of the slte, we were amazed by the speedy respKJnse to our call, which 8ave us the fuel to keep pushlng , and 5ecLred the balarKe to enoble the purchase to haFpen. We are iook1r4 for+Mrd to havltWA the cwortunlty to develop lon8 temi partnerships to take v6slon for0rd. Flnally, to repeat our thanks for evehIng you have allowed Lts to athieve to date and please keep on fLndraising. Ha Page 3
FOXIE'S FUTURE Trustee's Report for the period ended 29 February 2024 The TteeS pre5er4t their report wlth the finandal statements of the Charitable Incorporatrd Organisation (CIO) for the period to 29th February 2024. OWEcnvES AMD ACTNITIES Vlslon To acquire the-Foxiease Activlty Centre" slte in order to wovide faalities in the interests of soclal welfare I recreation or other le15ure t5me occupatlon of iThJlviduais who have need of such facilitles by reason or thelr youth, age infimiity or thsability. flnanclal hardshlp or aL drcum5tsnces wfth the object of improylng thelr condltlons of life and to help young peLyle to develop their skllls and capabllities In der to enable them to participate In society as mature and resptsnslble adults. Objertives The objectlves foi 2023124 were:. 1. To ralse 5ufflclent cwtal fund5. by a mix of srnall-scaie fLmdralslng¥ qrant fuThJlng Jnd donations to enable the thadty to submit a successfvl purchase bld to acqure Lot 1 of the Foxlease A£tMty Centre slte within the UmvJcales of Glriguldlng UK'S commerclal Sale; 2. To grow the tharlty's swwirt Tn the local and wtder CfAnmunitles to build a swjporter and volLmteer base to Supr the successful dellvery of ¢harfty'5 objective5; 3. To develcy an exten5fve buslr55 plan and 5porting capltai and revenue budgetlryd projectlons to test the viability of the charfty's aim to acqulre the Foxiea5e Activity Centre site and to erHble the Tru5tee5 to make strateqlc ded51(5 regarding approach to acquisiti arKI the p)st.acqu151tkn strategic FAan5. Structur•. ernaThCe and manayment The charity15 a Charftable Incorated Ooanisation {cio)" governed accorthng to the constitutlon dated 24 June Z023 (amended on 30 July 20231, with reglstered charity number 1204342. It wa5 estab11shed and reg15tered In August 2023 to take forward the work of the UnlncorpDrated Charftable lssotht1 of the same name wthich had been operatlng In the precedtng three months toward5 the same charltable objects. FurKlralsi ACtitreS In the wod Since its r4istratlon, the charfty conrted a Yaried rawe of local, natlonal and Intemational Inltiatlves In order to raise suffldent funds to support a purchase bld for the site kTh)wn as "Foxiease Artivity Centre., wfth the aim of sthsequently opening that slte to enable delivery of the charfty, Objects for younB people arKI Social welfare for recreatlon. The small.scale fundralsing activtties Indthyed attendan ty Trustee5 and Volunteers at In vAcess of 50 events, varylng from County Shows. to village hall fundra151r4 falr5, to% hall meetin. vfrtual fraIsers. onllne Internatlonal events and Artfvity Days for both chlldren aThJ adults, at which representatfve5 shared the charity's alm5 and obJectlve5 with a wider audience and sold merthandise aThl donated items to ralse funds. The charfty also entered a rbumber of Chrlstrna5 Tree Festival Event5 over the December 2023 perlod to Increase awarene55 of the charfty within tts local cOmThnIty. Page 4
FOXIE'S FUTURE Trustee's Report for the period ended 29 Fèbruary 2024 Fundralsln ArtiYitle5 Ikrchanthse items th the charity's 1080 and a range of fundralslng bad8es th connected actMtle5 were developed and soidover the year via a sale5 website designed forthe charfty, called vTh4w.Ic>xies5ho in .com and at in person events, to allow for engagement opportunltle5 with attewjees at third party events and to rnlse fur¥J5. Fundralslng acilvltie5 also fjndIed Frnotion at events of the opportltY to make a pLed8e tD donate In the event of a successful wrdw5e of the slte, to make a dlrect (k)natlcK) and/ to donate the charlty's crowdfunthng pa8e. Durinq the relevant flnandal wl¢xl charfty submltted a nwnber of app11catl( for iargtrscale grant fLndlng, vhth the support of PrOfesOnal Fundralsets en8a8ed by the charity and secured fundlng for future years of over £5LXJ,CKM) from a nwnber of prlv?te trusts tOWth Its fundralsln8 8oaL5. With a number stlll pending atthe end of the (harf¢s finandal year, some were unsuccessful and, where approprfate, the clrIty 5ubmltted ameryKled appllcatlcms in Sthsequent funding rounds. Slnce the charity'5 year eThJ, a nber of grart appllcations have been conf1rnd as 5CeSsf, Incl¢klln8 the $Ilficant award of £1.73 milllw of capltal fLmdln8, and £50,1) of rwenue fundlng avrded by the Department of Levellln8 Up, Hou51n8 and cmltieS, Communlty Ch¥nershlp Fund on Z3 PAarch 2023. In conjunctlcn with the Brant appllcatl¢fS mentloned ale, the charfty a150 t(M)k preparatory step5 towards the launch of a Community Loan Scheme to support its purchase bld, which ha5 slnce been launched In Aprfl 2024 In the charity'5 neY flnartdal year. Foxie's Future Fundraising . Savo a 8Ack Foxie Family Merch8ndlseSale5 p Growdfunding Don211ons Event5 In its flrst year of operatlon, the charlty's 5UPF(rter numbers have gr)Mffi to Jwt 4.(1)O, measured based on a comblnatlon of sodjl medla frAlowers and retter sub5crlbers to the charfty's malling Ilsts. 5porter Jmbers In the financlal sear have been grown through a comblnatlon of attendaKe at communlty and local events and throLryh a targeted medla campalgn to fficourage exlstlng Supp¢$ to share news of the tharity and Its objectlves further afleld. The d)arity malntJlns a number of s¢xlal medla platfOS to eryage wlth Its SUPPOrte, the most promi1t befng its FacelxK Page and Facebook Group. It also rur6 an IgraM pale, a Linkedln Pale and an X account (fornieriy Twitt&l. At the end of September 2023 the chjrity launched a membership stheme for Its supporters called "Foxle's Family" lch has grown to Incl approxlmateiy 500 sub5ulbed mernbers. Page S
FOXIE'S FirruRE Trustee's Report for the period ended 29 February 2024 Develo ent of committee structure In its flrst months follmng r41strat1. the charity's TnLEtees established an inltlal gOVernae strurture of sub-committee5 to 5UPPOrt the Trustee Board with specific tssks and to repjt into the TAtee Board. This was refined and restrurtured In January 2024 to better 5u5t the charity's needs at that tlme following the Initlal perfod of furKlralslng and to incorpDrate an addltlonal, spedfic commlttee to manage Intemational Engagement. The charlty's current Commlttee Structure inclthjes the follovAng commlttee5:. Prcyerty Cornmittee. Operations Commlttee: External Engagement. Intemational Committee and the Flnance. Risk and GovematKe Comrnlttee. Busine55 Plan and Revenue Bthj The Trustees ond Commlttee5 have y*ed to develop a rObt 5 Jrar Buslness Plan and supportln8 Revenue Budget, to inform the charity'5 approath to suixnittlng a Successful bld, fundlnq and frant appllcatlons and to asslst with future stRteglc planniry. ACHIEVEME15 AND PERFORIAANCE As the relevant finandal pericd was w5thin the charity's fitst year. a signlficant port1on of Its perforrnance and achievement was In the 5ucc&sful develcpment of Its new governance strLUre and the subsequent development of its Intemal rlsk Magement proce55es and wllcies to ensure a compllant #rat4ic and operatlonal approach to r15k fftana8ement. Alongside Its Successful development of Its semanCe strtre and processe5. charityaiso $CesslIY deilvered agaMt Its fwding objertives during the relevant period. FINANUAL RlEw Income & allocated fundlng Foxie's Futwe received its Income In thts flrst year of tradin8 frc¥n a mix of Fundralslng. Mèrchandlse Sales and Donatlons. in line wlth its stated objettfve of securing fundlr¥ to wrchase Foxlea5e ActSvfty Cent site. Thls resulted In Funds ra15ed of £169,941. In adthtlon to the funds rellerted in the accounts. the Charlty was %Kces5ful in securlng fundln8 of over £500,c from a number of prfvate trusts and foundatlon5 and local public bodles, vthlch wlll be recognlsed In the accounts at the time of complelion of the acqui51tlon of the Foxlease Actlvtty Centre slte. Durtng the finandal period. Foxie's Fe a150 Put In a bid to the Department of LevellTn8 Up. Houslng and CoTnmunltles' Communlty (hynership Fd and heard in March ZOZ3 that th15 wa5 SLKce55ful and C1.73m has been awarded. Foxie's Future supporters have a150 pledBed slgniflcant 5UPFrf)rt, in the way of pledged donatlobB, wthlch wlll be reqlted at the appropriate tlme, doser to aCqulsltl. Total fd5 At the end of the flnanclal year, Foxfe's Futwe W fund5 of £149,249 of whkh £103,58715 held In Restrlrted FuThJs, 5pedfically for the acquTSitN)n of the Foxlease ACtIty Centre slte. baLaKe of £45.662 Is held in Unre5trlcted reserves. Page 6
FOXIE'S FLrfuRE Trustee'5 Report for the period ended 29 February 2024 Reserves pDIIcy Foxie's FLrture 15 run as a charitable Incorwrated organlsatlcm and 15 reswn51ble for securing catal fundin¥ to purchase the Foxlease ArtIty Centre site in additlon to developln8 an extensive bu5ines5 plan and SUPrting capTtal and revenue budgetlng projectlons to test abilIty of the charfty's aim to acwlre the FDxlease Activity Centre site and to enable the TnJstees to make strate8ic decislons regardlng approach to acqulsltlon and the post.acquisition strateglc plans. The Trustees have put in place a re5erYes pollcy during thls first finandal year to ensure arrent best prnrtlce taking into account Foxie's Futures key current risk5. The CIO'S policy Is to hDLd reserves for the followlng purpose5: To Secure and bulld Restricted Re5eThes to a level to enable the acquisition of the FoxleaseActlYlty centre sSte. To ensure unrestrfcted reserves are heid at a level to ensure sufficlent fund5 are avallabLe to meet Its operntional costs, at the same tfjme, trlding these reserves to a 5ufflclent level to ensure ade4Lte work1 capltal upon 5LKcessful acquisltTon of the slte, based its blnesS pian and five year reverwe bet. The reserve5 pollcy WFII be further reV[eed In the 2024125 flnandal year to ensure that it Is relevant. adequate and refiects tr* needs of the Charfty 5Uld it te Successf In Its acqulsltlon of the acutyCelltre site. In Ilne wlth the above p)Ilcy at 29 FelUary 21Y24, genernl reserves Snd at £45,662. the year, two restrtcted reserye5 were set up tQ Secure funds rdlsed In the perlod. These fvnds wlll be repald If the acqutsltlon of the Foxleasè Activity Centre slte Is SUccessful. These were Save a Brlck Crowdfundln8 Further detslls on these funds can be found In 8 to the atciwnts. Slnce the year end two Iwther restrlcted reseryes have been set w to 5afe4uard dDnorfs fund5. PLANS FOR FimJRE PERIODS The charfty submltted Its bld to wrcha5e the s?te needed to contlnue delfvery of Its objertives on 25 March 2024 and pm8ress to Round 2 of the blddlng pre$S on 24 Aprfl 2024. The charfty's futwe plars depend wn the outcome of that bid. ff the charity 15 succes5f in its bld to purchase the slte then it will cortinue to fundratse to Increase ft5 capltsl, alongslde the purchase Process. 1ce the acw151tlon Is complete, the charity Mll then worf( to prepare the slte for a phased re-opening Df the facilltle5 offered. in Ilne with It5 bu51ne$5 pian and updated market research aNI wll stsrt to take advanced b¢)okiTr45. The charity wlll also seek to make the 51te fit for hostlng a numiEr of fundralslng awareness eyents In preparatlon for Its re-openlng arKI to keep It5 sw)orters engaged. Pagè 7
FOXIE'S FLMIRE Trustee'$ Report for the perfod ended 29 February 2024 If the charfty ts uCcessful in its purthao bid, then It wfll enswe that all optlon5 for acqulrlng the site have been exhated. (knce the site ha5 been sold to a thlrd party, and a55umlng that there Is no OPFQrtunity for any atternative partnership structure thrDU8h which the charity would be able to dellyer its obJertiYe5, the charity would take Steps to notlfy those contingent donors of the Dutcre. The charlty wfll then take steps to rtrevaluate the options for en5urfng delivery of Its charltable objectlves wlth charftable funds rernainiry and to prepare a fwther strategy at that time. STRLrfuRE, GOVERNANCE AND MAMAGEMEKr Trusiees The Foxie's Fe Board sets the strateglc dlrectlon and Is responsible for enyriwJ that the charlty uphold5 its Val and governa[e and delivers Its objectfves. Foxle's Futwe Board has capacity for nine Tntstee5. The Board met 4 tSme5 thrlng the reporting periryj and they cornmted frequently between mee¢lng5. The FFTru5tee5' Code of cdt thcument, Chair of Tru5t&s' Role Descrtptlon and TNstee Role Descrlption are reliewed annLlY. The appolntment of Tru5tee5 15 erned by the charfty's Con5titutlon. ppolntTnents are for an Inltlal perf of three years. Followlw thls first temi, Trustees can be re.elected for up to two furttr terms of three yea In succe5s1on. Trtee posltion5 VAII be revlewed basgj on the skills, experience arkl knowledge requlred, aTh advertised on the Foxle's Future web51te and soclal media thannels and other advertlslrvd methods agreed by the Twstee5, appropriate to the skllls requlred by the posltion. The Chalr and at least Trustee Intethew candidate5 and a recommendatirm is made to the Board for thelr appolntment. a Trustee has b#en appointed, the Board of Tntstees vhll ensure that appropriate trainlng and inthjctlon prrttdure5 are fcilowed dependlng the experlence of the 1ndfvIdlI/S appolnted. The board of TnÉtees wths wlth the followtng subcommittees:. 1. Pryrty ConwDittee, whlch15 respon51ble for:. Coliatfng aNI presentlng to the P)ard all relevant Infomatlon pursuwt te the purchase and the l)u5iness plan. il. Alaintenance and d0pment of the slte. 111. Maintenance of a reglstef of equlpment. iv. Securing addltlonal IIng for property.related Improvements. 2. External Eryagement Cornilttee, 15 respon51ble for:. Promotlon of the campalgn to acquire Foxlease vla social media. TV and nev+spyr Intery aNI atterKlance at relevant events. li. Promtion of the facllltles, artiyltles aTrJ events at the slte in accordan wlth an agreed marketing and communications plan and ldget. 111. Event Management. iy. Fundralslns and bld.writln8. Pa8e 8
FOXIE'S FLwfuRE Trustee'$ Report for the period ended 29 February 2024 3. Operations Commlttee. whlch is respon51ble for:. l. Planning and overseeing the ImplementatlLM of the fl range of h05Pitality aml ccxnmerciai attivttle5 to be offered at Foxlease. Identifying opportunltles for extemal fundlng to help fad11tate the activitles. 4. Internjtional Committee, vthich Is resporIble for:_ l. Engagement and Promoti across the world. il. Oversight of Intematlonal fundraising process to ensure complIan in conjmctlon wlth the Flnance, Revenue and Governance Commlttee. Developins the worldwlde supporter base and fraIsIng pmgramme In conjunctlon with other commlttees. Iv. Fundra15ing and bld wrttlng. 5. Flnance, Rlsk and Govemance Cornmittee. whith 15 responsible for:" l. Monitorlng and revlewing all flnancial matters lffludlng perforrnance aqainst an and bud8et and to wovlde flnancial forecasts based on the 5-year buslne5s plan to ensure short and long- tern) viability. ii. Revlewlng and thallenglng the rtsk registers, deveiopln8 and rnanaglng intemal control system& Ensurlng good 8ovemance. Employees The charity currently has no employees. Our charltable objertlves The ConstitLrtion of the CIO is laid down In the Foxle's Future Constitution adopted cm 24 June 2023 and subsequently amended on 30 JY 2023. The objects of the CIO are to advance. for the wbllc benefft. gjch charftable PUTP05es (accordin4 to the Law of England and Wales) as the charity trustees see fit from time to tlme, In particular but not limlted to:. Helplng young people, especially not excluslvely through recreatlonal and lelsure tlme actlvltle5, to devel(p thelr skll15 arKI capèbllltles In order to enable them to participate In society as mature respmslbie Individuals; and prodIng or asslstlng In the provision of fadlltles In the Interests of social welfare for recreation or other leisure time occwtiefi of intjividuals who have need of such facilities by reason of t11r youth, age, Inflrnlty or disability, flnancfal hardship or 50aal drcumstances wlth the object of Improving thelr condltlons of Ilfe. Pubtk bèn•flt ststement The Trustees have given due regard to the Charlty CommIssl'S gindance on rewting Publlc Benefit when plannin8 the charlty's activities. The paragraphs on page5 4-6 set out the CIO'S c&Jectfve5, actlvltle5, achlevements and performance dwlnR the year, whlch directly relate to the objects and purposes for whlch the CIO exlsts. The CIO achleves Its objects and pury>05e5 through a sertes of communlty engagement events in antldpation of the acquisltlon of the Foxlease Art1vlty Centre slte to enable the continuing dellvery of the charlty's oblettives. The benefits of thfjs 5UFP)rt are fully compllant wlth the Charity Commlsslon prirKlples on public benefit. Page 9
FOXIE'S FVRE Trustee's Report for the period ended 29 FebrUY 20Z4 Rtsk manayment The Tru%tees have undertaken a fundamental review of risk mamgefflent durlng the flnandal period. to enable full risk management processes and reglsters to be put Into place, to ensure that the Chartty is aligned wfth Its wtth strateBlc and ttynarnic rbsk capture. The Trustee5 are satisfied that the risk management process deLivws an effettlve picture, to suppcrt thelr declslon making. The risk reglsters are reviewed regularly by the Trustees at theTr Board fflng$, revlthying movement5 In rfsks, mlti8ations and resultant actlons. Key areas of rfsk considered include, strategic. flnandal, operatlonaL reputatlonal, Legal aThJ corr¢)liance, qovemance and . Pa8e 10
FOXIE'S FLrruRE Trustee's Report for the perfod ended 29 February 2024 REFERENCE AND ADMINISTRATN)N DEfAILS REGSTERED CHARrrY NUMBER 1204342 {En£land and Wales) CHARrrY OFFICES Foxie5 Future Foxlease Parf( Clay Hlll Ly1hUr5t Hampshi S043 7DE TrUSTEES Hazel Warwlck - Cha1r (appointed 4 October 20231 Derah Lafferty lappolnted 24 June 2023} Emma Steven5 lappointed 11 January 20241 Paul Meacher (appointed 6 February 20241 Susan Groves (appointed 4 Ortober 2023) Teresa I11k5 (appolnted Z4 June 20231 {reslgr*d 1 Decfflnber 20251 ivienne Frdnklln (appointed 24 June 20231 Ire51gned 1 December 2025} INDEPENDENT EXAMINERS Azets ALkJlt Services GateaY Hoe Tollgate Chandlers Ford Hampshire S053 3TG BANKERS Lloyd5 Bank pLc PO Box l( BXI 1LT Page 11
FOXIE'S FUTURE Report of the Trustee's for the period ended 29 February 2024 RE5POMSIBILmES OF THE TRu¥fEES The Tru5tee5 are re5ponslble for preparing the Tru5tees' annual report and the finandal statements in accordance wtth applicable law and United Klngéorn Accounting Standards {iknited Kingdorn GerallY Accepted Accountlng Practlcel. The law applicable to charities In EngLand, Wales, and Scotland requires the Trustees to prepare flnancial statements for each flnancial year which wve a true and fair ¥Aew of the rtate of affalr5 of the tharity and of the IrKomlng resources and appllcation of re50ur¢es of the charfty for that period. In preparfng these finanaal statements, the Trustees are requlred to: • select suitable accounting pollcles and then apply them conslstently. observe the methods and prlncfple5 in the Charitles SORP 2019 IFRS 1021. make judgements and estimates that are rea5(able and prudent. ' state vthether appllcable accoLmtini standards have been followed, subject to ary material departures dlsclosed and explained in the flnancial statements,. • prepare the finandal statements on the going concern basis unless Itfs inapproprlate to presume that the charlty VALI Contin in opeTat10n. The trustees are re5ponslble for keepln8 proper acc(xmtlng records that disclose with reasonable accuracy atany tlme the financial positlon of the charlty and enable them to ensure that the financial statements comply with the Charitie5 Act 2011, the Charitie5 IAccounts and ReFths) Regulations 2015 and the provlslons of the tnjst deed. are also restwJn5ibie for safekeeping the assets of the charfty and hence taklng reasonable steps for the weventlon aThJ detertlon of fraL•J aTrJ other IrregalSes. SI¥Fd on behalf of the Tntee9 Ha Clkii&JJf e Trustees Foxie5 Future AForoved by the &Mrd of Trustees on Page 12
FOXIE'S FUTURE Independent Examlner's Report to the Trnstees of Foxle's Future I report to the charlty trustees on my examlnatlon of the accounts of the charity for Per1 ended 29 February 21ri4 vthich are set out on page5 14 to 19. ReSpSIbIlItIeS and basts of report As charlty's trStee5 you are responslble for the preparatlon of the accoLmts In accordance wth the requlrements of the Charltle5 Act 2011 I'the Att'l. I reFQrt in respect of my examination of the tharity's aCCots carried out under sectlon 145 of the Art and in carrying out my examination I have follryrted all the applicable Directions given by the Chatity Commi551on MIer 5ectiDn 145151(b) of the Act. Irrflependent exarnlner's statement I have completed my exan7lnatlon. I confirrn that Tr) material matters have come to rny attention in connectTon with the examinatlon giving me cause to beLleve that In any material respect". accountlng records were not kept In respect of the charfty as required by Secti 130 of the Charities Act; or Z. the accounts do not accord wlth those Tecord5; or 3. the accrMJnts éo not comply wlth the appllcable requlrements concemln¥ the form and content of accounts set out in the Charities (Account5 and Report51 ReAatIOnS 2008 other than any requirement that the aCcnts give a 'true and falr vlew, which Is not a matter cskred a5 part of an Independent examlnation. I have no tc*MS aThJ have come across M other matter5 In connectTon with the eyam1natlj to hlch atteTrt1¢ shouiLI be drawn fn thls repwt in order to enable a proper wder5tsbTrthnq of the CCots to be reached. Jcyb Noble FCCA Azets Audit Serylce5 Gateway House Toll8aie charlerS F(Yd Hampshire S053 3TG Date: Page 13
FOXIE'S FUTURE STATEMENT OF FINANCIAL ACTIVITIES for the perlod ended 29 February 2024 Notes 2024 INCOME AND EXPEMDrruRE Unrestrlcted Restrlrted T¢Jtal INCOME FROM: Donation5 and 8rants Other Income 20,571 20,571 Income from Charltable Artivitles 45.783 103,587 149.370 Total Income 66.354 103,587 169.941 EXPENDITU FROM: Charitable actlvlties ZO,692 20,692 Total oxpendfture 20,692 20,692 INCOME FOR THE YEAR 45.662 103.587 149,249 Recorbdllatl¢n of funds: Total fuTrJ5 broh¢ fon¥ard TOTAL FUNDS CARRIED FORWARD AT 29 FEBRUARY 2024 45,662 103,587 149.249 All Inc(thlng re50urce5 aTrJ r&ources expended derlve from contiNini attlvltle5. Page 14
FOXIE'S FiifuRE BALANCE SHErr 29 February 2024 2024 Notes FIXED ASSErs: TangllAe asset5 CURRENT ASSErs: Debtors Cash at tonk and in hand 152,749 152,749 CREDThORS: Amounts faLilnq due wlthln one year NET CURRENT Assrrs: 149,249 TOTAL ASSEfs LESS CURREwr UABILITIES: 149,249 FVMDS: Unre5trlcted fund5: general reserve Restritted fund5 45,662 103.587 149.249 The finanaal statements were approved and authorised for155ue by the members of the Board of Tnstee5 3¢> Jo3 arml signed on their behalf by HaTrl Warwlck Ichalrl. el Chalr o Ic the Trnstees Dated: 30 1.,12 PaBe IS
FOXIE'S FUTURE NOTES TO THE FINANCIAL sfATEMENTS for the peri(Ml ended 29 February 2024 1. AccouKfiNG POUCIES Accountlnq convention The financial statemenrs have been prepared in aCcOrdae with the Statement of ftecommended Practlce: Accountlng and Reporting by Charities preparlng their accounts in accordance with the Flnancial Reportlng Standard appllcable in the UK and Rewbllc of Iland {FRS 1021, and the Charities Att 2011. The Charfty Is a charitable Incorp)rated oryanlsation reglsttred in England and con5tltutes a publlc benefit entfty a5 defined by FRS102. The Trustees con51der that there are Th) matwlal uncertalnrles about the Trust'5 ablllty to as 8olng concern. The 514nificant aCcn¢1 pollcles applled In the preparation tlf these financial 5tateThents a set Fund accountlni General fund5 are unrestricted funds whlch are avallable for use at the dlscretlon of the Trustees In further4ntt of the general objertTves of the thar1ty and whTch have not been designated for other purposes. Restricted funds are I5 vknlch are to be In accordance wlth sPefIC restrictlons Imppsed by donors or wthich have been rdlsed ty the charlty for particular purp05e5. Tr c05t of ralslng and admlnlsterlng Such fund5 are charged agalnst the specific fund. The aim and use of each restrfcted fd Is set out In the notes to the flnancial stateffnts. Inc)mlnq re)UrCeS All incoming resr(e5 are Induded In the statement of flnancial activities when charity Is legally entitled to the income and the am¢)unt can be quantified with reasonable accuracy. SLKh Income 15 only deferred wthen the dor specifies that the grant or donation must only be used In future acctynting Frfods. Glfts d¢)nated for resale are inclu¢d as Incorne when they are sold. No amount5 are Included In the flnanclal statements for seNlces ¢knated by volunteers. Reswrces expended All experKllture is accounted for on an accruats basis and has been cla551fied utNJer headfngs that aggregate all costs related to the category. Where costs cannot be dlrecily attrfbuted to partlcthr headlngs, tl have been allocated to activitie5 on a basis conslstent wbth use of the re50urce5. Tanglble flxed a5Sèts Expend?ture on fixed assets over £1,CKII Is capltaiised. Repalr expenditure is VTitten off as exFendlture In the statement of flnandal actlvltle5. Income and fund5 poIIcy Voluntary Income and donations are accounted for a5 recelved by the charlty. Cash at bank and in hand Cash at bank and In hand ILudeS cash and short term hl8hly liquld Investments wlth a short maturlty of three month5 or le55 from the date of acqutsition or openlng of the deposlt or slmilar account. Valu• added tsx The Charity is registwed for VAT. Pa8e 16
FOXIE'S FLrruRE NOTES TO THE FINANCIAL STATEMENTS for tho perfod ended 29 February 2024 Forelgn currencies Transactiuns In foreign currencles are recorded at the rate ruling at the date of the transact)n. 2. DOHATIQNS AND GRANTS 2024 DatIOnS 20,571 20.571 J. IMCOME FROM CHARITABLE AcllviTIE5 Unrestrfcted Restrftted Total Funds Funds Fun(ts 2024 2024 2024 'Save a Brlck. Campaign Foxle's Family mberShiP Crowdfundln8 Events & Other Fundratslng Alrchandlse Sales (Promotlonall 20,155 20,155 4,513 83.432 19.402 Z1,868 4,513 83,432 19.4)2 21,868 103 587 149 4. EXPENDtr Unrestricted Restrlcted Totsl FLUKIS Funds Funds 2024 2U14 2024 NErchandlse Costs Marketing Sub51stence Office Stationery Computer & Software Fundraising Fees Event Fee5 AccountarKy Fees Legal Fees Business Insurance Consultancy and Professional Fees 3,906 64 80 216 192 8,552 204 80 216 192 8,552 204 3,5C(I 798 2,ZBO 798 2,280 69 Page 17
FOXIE'S FUTURE MOTE5 TO THE FIMANCIAL sfATEMEKrs for the period ended 29 February 2024 Expenthture for the year 15 ststed after charglng: 2024 jThjepdt examlner5 fees 3.5) 5. STAFF COSTS The Charity dld not Lyp10Y ary Staff In the acc(xmtlng pttitij. No remuneratlon wa5 pald to Trustees, or per5ffis cl¢xeLy cnerted wlth them, In the perfod. No Trustees recelved trave( expense5 in the perlod. 6. CREDITORS 2014 Accrua15 3,5CX) 7. UNRFSTRlCtED FUNDS General reserve Desiynated fdS Total Opening Balance Surplus for the year TrarLsfer5 ttheen fund5 45,el>2 45,662 Balance at 29 February ZOZ4 45,662 45.662 8. RE5TRicfED FUNDS The income funds of the (harity Include restrirted fund5 comprising the followlng baLaKes held on trust to be applied for 5peciflc purposes: Movement In funds Balance at Incomlng Resources 29 FebnHry resources dedltsan5fer5 2024 Openlng Balance Save a Brick crowd(ding 20.155 83,432 20,155 83.432 103,587 103,587 Save • Brlck This campalgn. offers swporter5 the OPPDrtunlty to nomlnally save a brlck. or other part of the Foxiease butlthng. wlth fuThJ5 raised beln4 towBrd5 the purchase of the FoxLea5e Estate. In the event that pwchase Is UnsLcessfuL. these funds wlll be returned. P¥18
FOXIE'S FUTURE NOTES TO THE FINANCIAL sfATEIAENTS for the perlod ended 29 February 2024 Crowdfundln8 An onllne Crowdfund1 appeal wa5 lathd in the accoLntill8 perlod, wlth the expressed aim of purchaslng the Foxtease slte from Girlguiding UK in order to save It from closure and to ensure that the slte remains available for young people and the local, national and Intemational COMMlty that h)ve used the site. In the event that the purchase ts un5ucce5sful, these funds will be returned. 9. ANALYSIS OF NEf ASSEfs BEfwEEN FIJNDS Currert Curr&)t Total net assets at liabllltles 29 Febnthry 2024 Flxed a55ers Unresirtcted fund5 Restrlcted funds 49.162 103,587 (3,5COI 45,062 103.587 Balance at 29 FebrLRry 2024 152,749 (3,500) 149.249 10. POST ULAMCE SHErr EVENTS On 19 November Z024. Foxfe's Future cc4npleted the purchase of Foxlease estate for the sum of E4,260,C(I). The flnandal Impact of thls purchase wlll be reflected In the 2025 flnancial statements. Pa89 19