FACTORY FOUNDATION TRUSTEES, REPORT AND UNAUDITED FbNANCIAL STATEMENTS FOR THE PERIOD 26 JANUARY 2024 TO 31 MARCH 2025 PJE Ch8rt¢rcd AcrountWLts 2 Oakfield Road Cliflon Bristol BS8 2AL
Factory Fovnd8lio Cotttettts Page Tru5t¢¢5' Rep)rt Independent Examine¢s Rwrt Statement of FIN¢]4[ A¢tivili¢s Statement of FinanciJ P05ilioii Noles to th¢ Fitwn¢iaJ SlatneI5 The following no¢ form partof the statstory accounts: Delailed Slateth¢ntof FinanGiaJ Activitics
Factory FouDdatlon Thigtees, Report For Ibt P¢Tiod 26 J¥uu8ry 2014 to 31 Mllrth 2025 The Irust¢¢5 pr[ th¢ir r¢port al th¢ financial stat¢Trts for the period emdcd31 M¥th 2025. Objtttives A¢tiviti AirAs and Objectiv Th¢ obj¢rts of th¢ CIO BTE for th¢ IKn¢fit of public aTKi in rtiCular the inh¥bilanls of South Bristol with o particular Ibui noi exclusive) focus on young people and people i¥kn a socially artd eco]M)mieally disadvanthged.. To provide grant5 for such charitable pr[se5. for the public benefiL that are uclu5iv¢I)' charitable awording to the law5 of England and Wales &8 ihe lISlees may from me to lim¢ d¢lemiin¢. In this Clausc. South Brislol mws the urban arta defined b). the Bristol &)uth coThstituency trnundary and such other adjaccnl urban as the trust¢¢s from tim¢ to time d¢lcnninc. Athlevements PeTroTmaCt M8in Achievements This wa5 the first financial PeTiod for the foundaiioTh. During thi5 ri{X1 the foundation r¢c¢ived th)nation5 to be used for its ims ynd ObJIlv¢s. Nts grants were mad¢ in th¢ wiod and th¢ tn]Sl¢¢s ¢xptrt tts Slart mBking th¢5¢ grants in th¢ n¢)r future. Rtfertnte And AdmJD5Jtrgtlvt DetAIIs Trustec5 A A Williams lappoinicd 26101ll024) G Pery lapFM)int¢d 26101120241 G R Fer8uson- Chair (apinted 26101r2024) Chxrlty Nllmbtr 1206740 PTIDcIp81 AddTe The Tobacw Factory Ralei8h Road Southville Bristol BS3 ITF IDdeptlld¢llt Eiamlntr Philip Evatts BS¢ FCA (Sertior Statutory Auditor) PJE Chartered Accountants 2 Oakfield Road Clifton Bristol BS8 2AL
Vatlory Found*llo Trnsttts, Report (¢OJbtiDued) For the P¢Tiod 26 January 21124 to31 M%h 2025 The trtte4 r¢w)rt Wa5 opprovd by th¢ trf>ard OftrnSe athd signtslon its tthaif by: G R Fcrguson Trw51¢¢ Dal g¢2
Factory FondOn IDdepeJhdtnt Examllltr's Report io the Thisttu of Fi¢tory F•pnd¥tioD For tht Period 26 J*nu8ry 2014 to 31 Manh 202S I report lo the trustees on my examination of the accDunLS of Factory Foutrjation (the Twsi) for the peri ended 31 March 2025. Re5ponslbilitie5 aTrd B8515 of Report As ihe charity Iru51¢e5 ofthe Trnst you rcsrM)n5iblc for the prepardtion of the in ?CCQrd¢e with th¢ requirements of th¢ Charilie5 Aci 2011 {"the Ati'l. l TCPQrt in r¢sFct of my examirtatitsn of the T$1.$ a¢cou]Jts CaTtid out under sttlioll 145 ofthe 2011 Act ad in carryin8 Ollt my examination. I have followd the applithlc DirttliorL8 given by the Charity Comrnis5ioTh under ¢tIOn 145{5llbl of th¢ Act. Ind¢ptndent EI2ltr,5 Statcment I hav¢ wmpleied my examinaiion. l eonfimi that no material mattets have come to my atttiOn in connection with the examinaliot) giving me cause to believe that in any malerial r¢5pect'. l. otcounling records were noi kept in res¢1 ofthe Thist &8 required by Sec 130 of the Act. or I the accounts do not accord with those records. or 3. th¢ 8cwunts do rtoi comply with the applicable te4uiremettts cortteTniThg the form artd conienis Of atcounts set out in the Charities (Accounts and Re) Regulation5 2(K)8 other than any Tequirement that the ac£ounts give a 'lrue and fair vic whi¢h is Tioi A mauertonsidered as Irt of an indewdthi eXnInl0. I have no concerns and have come acr0$5 no other ma¢l¢r5 in umThedion ivith the uJrninatioTh to which attention should be dr#wn in this report in order enable a proper undets(anditt8 of the accounts LO be he Philip EvaD5 BSC FCA IS¢nior Ststuiory Audiiorl Date PJE Chartered Accountants 2 Oakfield Road Clifton Bristol IIS8 2AL &210 Page J
Factory FouDdatio ststement of Flttlltttil Arlivhles Vor tht Period Zfj J•Du*ry 21124 to 31 Marth 2025 31 March 2025 Unrestrieted fuDd$ Note3 INCOME AP4D ENDOIVMENTS FROM: Donation5 and Icgacies 134.376 NET INCOME lJ4,376 NET MOVEMENT IN FUliDS 134,376 RBCONCILJATJON OF FUNDS: Total funds broughi fonYaTd TOTAL FUNDS CARRtED FORWARD 134,376 The notes on pa8es 6 10 7 form part of th¢ firClaI statements. Pa8e 4
Faclory FOndall0 Staltment ofFiD¥nti¥l P05i¢io As At 31 Mktch 2025 31 Mareh 2025 Unrnstritted Not CURRKNT ASSETS Debtors 26.875 107,501 Cash at bank 3tsd irt hand 134.376 NBT CURRENT ASSETS (LIABILITIES) 134,376 TOTAL ASSETS CURRENT LIABILrrIES 124,376 NET ASSETS 134,376 FUNDS OF THE CHARITY UnStriCted Funds 134,376 TOTAL FUNDS 134,376 On b¢halfof the board G R Ferguson Tru51cc Date TIL¢ notcs on g¢S 6 to 7 fornl Pjrtof thes¢ fiTW)ciaJ P8g¢ S
F•¢tory FoudtiOn Notes to tb¢ Financial Staltments For the Period 26 Jantrry 2014 10 31 Mlrtb 2025 l. GeDer81 Information Factory FoundatlOTh j5 a charitable ijkn)rp)rated organisation Tegisiered with the Charity Commsssion. registered Chtsrily numkr 1206740. The prinG] address is Th¢ ToFAceo Factory, Raleigh Road. Southville. Bristol. BS3 ITF. 2. AtcouDtlng PollelLs 2.1. Basis of Prepllralknn of Finanri¥l StateJDents The fjnancial statements hav¢ bren ppared in acconlance with th¢ Charitie5 SORP (FRS 1021 'A¢counting and R¢p)rting by Charilics.. Statement of Recotntnend¢d Practice applicable (o Chariti preparing Iheir accounls in acwrdance with the Trirumcial R¢p)rting Standard applicable in th¢ UK and Republic of Ireland ITrRS 1021 leffcctive I January 20191., Financial Rwtliti8 Standard 102 "The Financial RetIll8 Stsndard applicable tn the UK and Republic of Ireland" the Charitics Act 2011. Thc charity is a tljblic Benefit Entsty as (kfined by FRS 102. 2.2. Fund Aecountlng Unrestricted fut¥l8 can k used ]]] ¥roriknc¢ with thc charitable objedivc5 * th¢ discretion of the tnjstees. D¢signat¢d thnd5 MpriSe ut)restri¢L¢d fiTh1s have Fen set &8ide by the trUJ¢e5 for a specifjc purpose. R¢5trid¢d fvnd5 to be used for s[lfi¢ as laid iknvn by the th)Mr. Further explanation of the Thature and wrp)s¢ of ¢ach fund i5 included in thenoles to the finarKial statements. 2.3. IDCOIIIIDg Resources All ttt¢x)me 15 r¢wgni5d in the Statement of Finsrtci4] Adivitics orKe the charity ¢nts(J¢m¢nt kn the fvnd4 it is PTobable that the ittcome will b¢ rff¢iYd and the &mouni be mea5urul reliably. 2.4. ResOut Expended Liabilities are recognised as expendilure a$ 500n as there is a Icgal or constructive obligation ¢ommillin8 the GhaTity to that exptnd1tt]. il 15 probable that a transfer of etonomit knefits will trK rcquirtd in settJ¢ment and the amount of the obligation be [rsured r¢li3bly. Expenditure is a¢£oun(ed for on an accruals basi5 and has been classified under h¢adings that aggregate all cosi related (o th¢ rnt¢gory. Wherc costs canttoi b¢ dir¢diy attributed to particular h¢&dings they have bEen allocakd ¢0 activities on a basis consistent Ivith the u5¢ of reS0r¢t8. 2.5. Cash ind Cash E4lllv*l¢Dts Cash and £&th equivalertls aTe basir financial &ssets and i1]ude (xsh in hand j dw5its held ai call with banks. other short-term highly liquid investments maiuT¢ in no more than three months from the date of acquisition and are r¢adily convertible to a known amount ofcash with itL%iLr]C1nI risk of Ch¢ ill valu4 and bank overdrafts. 3. Inco]xe from DoDatlon$ Iwel 31 March 2015 Unrt5tTiCted funds Dotwtion5 gift5 Gift aid 107.501 26,875 134,376 PHg¢ 6
Factory FiUJtdAtiDD Note5 to tbe FIDarLtlal Stgtemellts l¢ottilDuedl For the Ptriod 26 January 2024 to 31 Marrh Z02S 4. Average P4umbtr of Employttg Average number of employees duTiThg the period w&8: NIL 5. Debtor5 31 Mareh 202$ Dut wltblts otht year Trade debtOT5 26,875 6. Movement In Funds Ast26 Jawuary 2024 As#t31 Marckn 2025 Income Unrestricted funds Gene1.. Gcneral unrestricted fund 134J76 134.376 Totat fuDd5 134,376 134.376 7. TrADsaetlons wlth Trustees None ofthe trLIStttS Tec¢ived arby remurmtion or any other bemefts from an employmeni the charity or A related entity during the curr¢ts¢ye)t. No tNste¢ expenses have been incurred. 8. Relgted Party DiscknureJ There have been no related pty transadion in the wM)rtinB lod that I10sre.
Fa¢(ory FouttdgtioD Dttslled Statement of Fiu#D¢lil A¢llvAlks For the Period 26 Janllary 21124 10 31 March 2025 31 Mareh 202S TotAI rund5 Ir4COME AND ENDOIVMEYI TS FROM: Doll¥tion5 aud leg*cies Donations fmm irtibviduals Gift aid 107.501 26,87S 134,376 134,376 NET INCOME 134,376