Charity registration number 276899 Company registration iiumber 01396139 (Englaiid and Walosl 'We are earlened by the progress we've made oryd ;he positivt impact we are having. SL*%'.alpdItj1,it¥ and %irengtliL'ning our %lrategiC fElatlJliS'I.bS, KVL. are conlideni that Familie5 NeeLI Fathers will continue to support families and advocate for the rights of children in family court proceedings. Together, wecan work towards a future where every child benefit5 from a loving and supportive relationship with both parents because Both Parents Matter" Paul O Laiiagiidii, in¢Jll of Trustees FAMILIES NEED FATHERS. because both parents matter ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FAMILIES NEED FATHERS LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Current trustees r*yll iVL2 Chairl John Baker Lec Grice Sergio Klartinez-Lopez Wdylie Martiii William Davis Charity number 276899 Company numb8r 01J96139 Registered office 27 Jld Glo'Jcesief Stre1 Holburn London WC1 N 3AX Independent examiner FCA FCCA DChA 1 Upper Bridge Streel Wye TN25 SAF
FAMILIES NEED FATHERS LIMITED CONTENTS Page Chaimian's statement Trustee5' report Independent examinerfs reFK>rt Statement of financial aclivities y-10 Balance smeel Notes lo the financial siatemenls 12-20
FAMILIES NEED FATHERS LIMITED Introduction from the Chair FOR THE YEAR ENDED 31 MARCH 2024 This year has marked a penod ol significant renewal and progres5 for Families Need Fathers. We've seen notable improvements in Ihe qua11ty of our services and the experiences ol those who iely on us. Our impaci Is growing, as evidenced by the positive feedback from our users. One user shared. Yhe support and adwc8 1 received We invaluable during a very difftull time." highlighting our Jital role in assisting families Ihrouqn challenging circumstances_ In addition to enhancing our servIs. we have successfully extenaed our reach into key areas of Influence, including the judiciary, Cafcass, and Partiamenl. By lorging these critical relationships. we are posilioriing ourselves lo make a meaningful and lasting impacl on behalf of children involved in family court proceedings. This progress Is crucial as we work towards creating a more balanced and lair system thai Pfiorilises Ihe well- being of children. Another user expressed. "Families Need Fathers save n?e Ihe strep.gih lo xeep fighiing for'Nhai was right (or Iny children.. This sentimenl Is a po.erful remin(Jer ol the Impcndi'.cp. Gl o(Jr tp.Ission and Ihe ianqible differeiiLÈ are making. 11 is this clriwe that fuels Gur eftons 10 engage Nith polioftiakers and professionals In the field, ensuring that the voices ol familles are hearo al the ',iighesi leels. Despile these advaTrcements. we musi acknowledge tTre financ.al -hallenges thai remain. Our charity is on a tightrope, balancing Ihe need lo sustain and grow our servtces with the realities of our financial situation. The next lew years will be ¢rilical as we locus on secLtring the lunding riecessary to coniinue our vilal work. Exploring diverse funding opportunities. from fundraising campaigns to partnerships and grants, will be essential In siabilising our fin3ncial future. None of this would be possible without the unwavering support and effort ol obr volunteers. Year after year Iliey demonstrate a iemarkable commilmenl to iniproving the lives of children and the nienlal health of families fractured by breakdowns and faniily courts. Their dedic31ion is the ¢oriierstone ol our success. and we owe them our deepest gratitude. Their tireless work not only support5 those in need but also drives the momentum lor change within Ihe system. We are heartened by the progress we've made and the positive impact we are having. With 2 renewed locus on financial sustainability ana strengthening our siralegic relalionshitjs. we are coiilideni that Faniiiies Ni.'eQ Fathers will continue Its support fafflil,es ane, Idvocate fLr Ik1¥ ',gi)'s ol cliiiorett In 13mili tyoiirl ')i(ILepdiii'J', Together, we can work towards a fulure where every cliild beiiefils Ironi a loving and supportive relationship with both parents because Both Parents Matter. Thank you for yo1 continued support. Paul O'callaghan Ichairl. Trustees .2211112024
FAMILIES NEED FATHERS LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report aryd financial staternen for Ihe yeaf ended 31 March 2024. Tlie liTiariLial biateinenls nave beep pre?arer In accaroarLe wi(h 11)e aCcon',,.T', ijaliciei sel financial statements ano comply wilh the charily's menioranttun) 3T)o articles ol a55ocialiun. Ihe Companies Act 2006 and 'Accounling and Reportinq by Charities". Sialenieni ol Recommenoed Practice ISORPI applicable to charities preparing their accounts in accoidance wilh the Finaiioal Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191". Families Need Fathers is a charitable company limited by guarantee. The Trustees are legally responsible for the govemance and management ol FNF. The Board consists of a maximuni of 12 Irusiees. Governing Document The Charity is govemed by its Memoranijum and Artides and these were the objects during the year under review-. Objecthve5 and activities For the relief of pareiits and their children arid Oilier ck)se family mefnbers sufferiiig from IhL curiseq4Jeric¥s oi separation by PftsVidi';g ddvice. a8sistaoce .Intsl r)I".frr support and In sv doing. l)elping parenls stay .11 loucl) 1*7 their chiiaren rifter divorce cr bePdfAtIOTI To further Ihe emotional development ol chilaren whose parents have divorced or separated by encouraging shared parenting arrangemen&. To conduct study and research Into problems concemed wln children who are deprived of the presence of a pacenl in Iheir lamilies and inlo the problems concerned wlh establishing good relations between pareiits I11ng apart fiom their children, and to PLJblish the useful results of all such study and research In order lo encourage appropriate changes in professional and public opinion. To ielieve t)oor parenis by helping lo obtain èna promoting the provision of Segal advice, ass151ance and ollier legal services which such peisons would be unable io obtain by reason of iheir lack ol means. FNF promoies Ihe sharing of legal advice. We provide support and the benefil ol members. extensive experience. However, we are not able to offer legal 'advic£ ourselves as we do iiol employ lawyers. Structure, Governance and Management The N¢ilional Couti¢il consisis (If up to 1 2 IfLJSlee5. It meets approxiiiialely Six times a year to discuss Charity business with decisions being agreed ai these meetings. Trusiees are elecied.1t Ihp Anriual Geneial Meeting bul can be co-opted by the Nalignal Council whei) vacancies occur are elected at the firsi trustee meeting after the AGM. AiJJ)Intll"iei',Is lasi lor three years Officer Decisions are made by a maior,,ty vole, inclijding Iwstees who aiiend via electronic means. The Chair or Vi Chair acling as Chair can use a casting vole in Ihe case of lied voting.
FAMILIES NEED FATHERS LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Working parties and Committees The National Council appoints trustees andlor slaff to Work on individual commilleès specific tasks. e.g- finance. governance. publications. Ir..draiSIr)g. Fiiiance. Risk ano tso'ierncince CJnirriilleL' Wieels al least four times a year, ahead ol lull rneelings ol the Nalional Council. Ils iiiain responsibility is lo advise Iruslees on Iheif duty to ensure all assets of Families Need Fathcrs are sJlfrguardee dnd ih3t funds arLJ spent effectively and eflicienlly in the course of its <lClivities and In line v411h th.e cb.arily's objecis. 11 also reviews Ihe governance of the charity. makes recommendations to manage risks, improve skills and reviews policies. Membership, staff and volunteers Families Need Fathers was founded by volunteers and volunteering remains critical lo our service delivery, especially in organising local meetings and our national Helpliiie. Our volunteers make a unique contribution with their peer support and knoedge of the family justice system. We estimate that this year our volunteers continued lo contribule over 10.000 hours to our work. We thank our volunteers lor their amazing work and continued dedication. Trustees The following trustees served in Ihe office during the year lo 31 March 2024= Paul O'callaghan (Chairl (also Comparny SeLrp.iary 51Jice 16 Se[)leniopr 20201 Greg Cavadino ITreasureri Emlyn Jones (Vice Chaiil Greg Downing {resned on 27 March 20241 John Baker Lee Grice Oleg-serguei Schkoda Iresigne¢J on 10 October 20241 Sergio ma.nez-L0pez Wayne Martin William Davis (appointed on 26 February 20241 8ahiTalhan Jayadev3n (apnted on 21 Febfuary 2024 and SIgned on 13 September 2024}
FAMILIES NEED FATHERS LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Risk management The charity has a r?sk maiiagemenl slralegy established to prolecl the charity as lar as possible Irom any risks including financial and repulalional. We have continued lo protect FNF'S daia and IT structures. to ensure that the charity is properly covered by appropriate insurance. and lo ensure tha¥ we comply wilh all aspects ol revised charity and company legislation. The charity has a risk managernent strategy established 10 proleci the charity as far as possible from any risks inclLJding financial ai)d repulaLional. A Risk Regisler is reviewed al least annually by managemenl and Iruslees. Risks are priorilised and plans lo anage these based on the Impact these might have on the ch8rily and the likelihood of their occurrence. No system of internal control Is ever able to give absolute assura11 against malerial niisslalemenl or loss. However. Ihe following system5 are in place to mitigate major risks.. An annual strategic plan, approved by truslees. Quarterly review offinancial largels. variance from budgets and rkon-financial perfomance indicators by staff and Iruslees. In-deplh review of financial performance by the Finance. Risk an(J Governance SLib-commitlee. Identification. and management ol risks, reviewed. priorilSed and approved by trustees_ The Trustees have reviewed the major risks that the charity is exposed lo and systems and procedures are either in place lo manage these risks or are being developed. As trustees of Families Need Fathers. we are pleased lo present our annual report. OLltlining how we have continued 10 Serve families. advocate Ici parents and children. ana champ10n the impartance of co-parenting. Over Ihe pasl year. we have retndined sleaolasl in Ouf coiYm,Imer.t t() deliveririg public benefit. loslering Inclusivity. securing financial sustainability. positioning oursel&es as a leadi.4g orgariisation In our field. dl)d expanding the scope of our activities. Public Benefit Delivery Families Need Fathers is dedicated lo supportrng families in crisis and helping parents navigate the family court system lo ensure children benefit from a strong relationship with both parents. OUT services provide critical resources, information, and support networks that empower parents and caregivers facing barners lo contact w11h Ilieir children. By offering 8 r3n9e ol free or low-cosl services Including i helpline, legal guidance, and PLer support groups we ensure that lamilies in need have access to essenlial suppon. regardless ol fiii¢J¥icial situation. Commitment to Inclusivity nclusivity is al the heart of our work. Families Need Fathers welcomes individuals from all backgrounds, regardless of gender, race. sexual orieniation. or socioeconomic slalus. We recognise the diverse needs of the communilies we serve and *ire committed to ensurirhg ILat 311 dAienls lVe #qual access lo our services and suppori. This year. we Inlioduced adaitionai resources lor Single lalhers. iion-custudial mothers. and oll)ei underserved groups. ensuring Ihat our progranis and ServIS tire responsive to Ihe varied challeiiges parents la¢e. Financial Sustainability Our commilmenl lo financial sustainability allows us lo continue providing vital support lo families year after year. Through prudent financial management, fundraising. and Ihe development of sustainable revenue streams, we have maintained a stable financial fooling. Our fundraising ellorts begin from a very low base and have been bolstered by In¢reased commui)ily engagement. and partnerships. Tnese efforts ensure that Dur orgar)isalion reniains resilient and able lo adapt lo lulure Challenges. Providing a reliable souice of support for fanillie fur years lo come.
FAMILIES NEED FATHERS LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Leading Organisation in the Field Families Need Fathers has long been a pioneer in the advocacy Iof shared pafenling and parental rights. We continue to be a thought leader, influencing public policy. informing public debates, and providing expert insight on family law relorrns. Tliis year. we participated ir. 8everal Ii.gh-PTofilp yolics. discussions. provided ev.deiiLe Icii consultations, and collaboraied with other organisalTons to advocate for legislative changes that support family preservation ancj lair parental rights. Our credibility and expertise In tfrie Iielo make us a trusted voice and an ellective agent ol change. Broad Scope of Activities During the past year. Families Need Fathers has expanded ils activilies to address the complex and evolving needs ol families. We have launched new Oline resoufces. expanded our helpline houfs, and increased the number ol regional support groups to make our services more accessible across the UK. We have also introdud workshops on topics such as mental health support, co-parenting slolegies. and navigating the laniily court syslem. reaching 3 wider audience and providing more comprehensive support. These ini1121ives. alongside our advocacy efforts and public education campaigns. allow us to address the diverse needs of our community. Families Need Falhers remains dedicated lo supporting families and advocaling for the rights of parents and children lo maintain meaningful relalionshi9s. Through our commitment to public benefit, inclusivity. financial slabilily, and continuous improvement. kve have strenglhened our position as a leading organization in the field. We look forward to building on this yeai s accomplishments. expaiidpng our reach, aiid contiiiuing lo make a positive difference in the lives of countless families. Review of Financial Position During the year, FNF reteived income of £53.201 12023-. £54,6151. FNF'S e¥pendilure was £92 $29 12023.. £103.3631. This resulted in è deficit of £39.32812023'. delicil of £48.7481. Membprsnip Income was £36.721 12023.. 1_'46.2811. Total reserves carried forward are £202.766 01 whith £164,886 are unreslricted12023.' £242.(YJ4 d vh)th £204,214 were unrestricted). In Ihe year lo 31 Marrth 2023, the charity's regular income conlracted by £106,441. However, post- year end we were notified of a legacy of £52.392 received in AugLtsI 2024 and is iecognised in these accounts under SORP accounting regulalions. With reserves still high. we are still very well w)sitioned lo develop the Charity.
FAMILIES NEED FATHERS LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Inveslment Policy The charity's funds conlinue to be held In diversified accounls lo reduce any potenli21 In)pact Ironi the structural risks in the banking sector. Minimum balances were mainialned in current accounts whenever Ihis was practical. Reserves Policy and Funding Source5 The Naiional Council policy is to keep al least six monlhs running cosls plus redundancy and exit costs for Ilie Gharily in reserves and this has been niet These Inainly utireslricle.e funds are available 10 invest Iii lurtliering the charities aims and objpclives. such as branch 5UPPOrt and moniber hplp facilities. Unrestricted reserves stood at £164.886 12023". £204.2141 lor use on general Lharilable activities 8nd £37.88012023." £37,880) are restrscted. mainly lor use In Ihe branthes. However. unless subsianlial further Income is secured Ihe charity anticipales delicit budgets for Ihe nexi two years as this money is invested In resources with the objeclive of glowing both our reach and potential recuring income. Statement of Trustees. responsibilities The Trusiees, who are also Ihe direciors ol Familie5 Need Fathers Limiled for the purpose ol company law are responsible for preparing Ihe Truslees, Report and the financial sialements In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounling Praclicel. Company Law requires the Tnjslees to prepare financial slalements lor each financial year which give a true and lair view of the state of affairs of the charity and of the incoming resources and application of resources, Including the income and expenditure. of the charitable company for ihai year In preparing these financial stalemeiits. the-rusiees are required lo". select suitable accounliiig policies and Ineii appls, Iheni cor?sistenily'. observe the melhods 3nd principles In Ilie Cha.'liies SORP IFRS 1021. make judgements apd eslimales Ihat are reasonable and prodeiiL. state whether applicatsle UK Accounting Standards , FRS 1021 have been followed. subject lo any material departures disclosed and explained in the financial staiefflents., and prepare the financial slatemenis on the going cor1M basis unless il is inappropriale lo presume that the charity will continije In operalion. The Trustees are responsible for keeping adequate accounting CordS that ¢Jisclose with reasoiiable accuracy at any lime the Iinancial posilion of the charity and enable ihem lo ensure that the financial slalements comply wilh the Companies Act 2006. They are also responsible loi safeguarding the assets ol the chanty and hen for takin9 reasonable steps for the prevention and detection of fraud and other Irregularities. The Trustees. report was approved by the 8oard of Tlusiees on. -22]111 -2024 Paul O'callaghan (Chairl Trustee
FAMILIES NEED FATHERS LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FAMILIES NEED FATHERS LIMITED I report to the Trustees on my examination of the financial sktemenls of Families Need Falhers Limited Ithe charilyl for the year ended 31 March 2024. Responsibilities and basis of report As the Trustees of the ch3rily land also its directors for the purposes of company lawl you are responsible for the preparation of the financial slatements in accordance with the requiremenls of Ihe Companies Act 2006 (the 2006 Actl- Having satisfied myself that the Iinancial sialemenls of the charity are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examinalion, I report in respect of my examination ol the charity's financial slalemenls carried oul under section 145 ol the Charities Act 2011 Ilhe 2011 Actl. In carrying out my examination I have followed all the applicable Direclions given by the Charity Comtnission under section 14515llbl of Ilie 2011 Acl Independent examine¢s statement I have completed my exaryiirialion. l Confirm Ihai no rnaiters Iiave come to my attention in connection wilh the examination giving Ine cause to believe that in any material respect". accoLJnling records were nol kepl In respect ol the charity as requireLI by section 386 of the 2006 Act", or the financial statements do not acrd wlh those records., or the financial statements do nol comply wilh the accDunling requirements ol section 396 of the 2006 Act other than any requirement that Ihe accounis give a true and fair view which is not 8 1118tter considered as part of an independenl examination- or the financial statements have not been prepared in accordance with the methods and principles ol the Statement of Recommended Practice for accounting and reporting by chanties applicable lo charilies preparing their accounts in 3rdance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the ex3minalion to which attention should be drawn in Iliis report in ofder lo enable a proper understanding of the financial statements lo be reached. ,1(., /hJ [4 r Gilbert Holbourn FCA, FLCA, CChA 1 Upper Bridge Street Wye Kent TN25 SAF Dated..
FAMILIES NEED FATHERS LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current financial year Unrestricted funds 2024 Restricted funds 2024 Total Total 2024 2023 Note5 Income and endowment5 from: Oonations and legacies Charitable activities Other trading activilies Interest receivable 47.431 47,431 49,854 522 4,238 S,770 rotsl income 53.2Ql 53,201 54.615 Expenditure on: Raising funds 1,428 1,428 Charitable activities Medi8 Awareness and Policy Public support & assistan 29.5i6 61.535 29,556 61,535 32.787 68,313 Totsl charitable expenditure 91,101 91,101 101.100 Totsl expenditure 92.529 92,529 103.363 Net expendilurel net movèment in funds for the year Fund balances at 1 April 2023 139.3281 139.3281 242,094 148 7481 204.214 37,880 290.842 Fund balances at 31 March 2024 164.886 37.880 202,766 242,094 Tlie Slalen)enl of linèncial aciivilies in¢ludes a51 gains and losses fecognised Iii the year. All income ai)d experidilure derive from continuing activilies. The statement olfinancial aclivitses also u)mpls with the requirements an income and expenditure accounl undef the Companies Act 2006. The notes on pages 12 to 20 fomi part ol these financial stalements.
FAMILIES NEED FATHERS LIMITED STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prior financial year ended 31 March 2023 Unrestricled RestrTrcted funds funds 2023 2023 Total 2023 Notes Income and endowments from: Donations and legacies Charilable activities Other trading activities Interest receivable 49.854 49,854 522 4.238 522 4,238 Total income 54.093 522 54.615 Expenditure on-. Raising funds 2.263 2263 Charitable activities Media Awareness and Polbcy Public support & assistance 32.787 67.661 32,787 68,313 652 Total charitable expenditure 1th.448 652 101,100 Total expenditure 102.711 652 103 363 Net expenditurel Nèt movement in funds for the year 148.6181 11301 148.7481 Fund balances at 1 April 2022 252.832 38.010 290.842 Fund balances at 31 March 2023 204,214 37.880 242.094 The statement of financial activities indudes all gains and losses recognrsed in the year. All income and expeiiditure derive from continuing activities The siatemenl ol financial activities also complies with Ihe fequirements loran incoine and expenditure account under tlie Companies Aci 2006. The notes on pages 12 10 20 lorm part ol these financial Sialements. 10-
FAMILIES NEED FATHERS LIMITED BALANCE SHEET ASA T31 MARCH 2024 2024 2023 Notes Fixed a55et5 Tangible assets Invesimenls 967 24 24 6.024 991 Current assets Deblors Cash at bank and in hand 10 60.166 144,379 59,353 185,046 204.545 244,399 Creditors.. amounts falling due within one year 11 17.8031 13.2961 Nel current assets 196.742 241.103 Total assets less current liabilities 202.766 242.094 Iiicome funds Reslricled funds Unreslri¢led funds 14 31.880 164.886 37.88 204.214 202.766 242.094 The company is enlilled lo the exempiion from Ihe audit requirement rxjntained in section 477 01 the Companies Act 2006. for the year ènded 31 March 2024. The Tnjstees acknowledge Iheir responsibililies for ensuring that the charity keeps ac£ounting GOIdS which ¢omply with section 386 01 the Act and lor preparing finarbaal statements whsch give a true and fair view of the slate of affairs of the company as at Ihe end ol the financial year and of its incoming resources and application ol resources. including its income anol expenditure. for the Iinancial year in accordance with the requirements of sections 394 and 395 and which olhenNise comply with the requirements of rhe Companies Act 2006 relatin9 to financial statements, so lar as applicable to the company. The members have not required the company to obiain an audit ol ils linancjal staiemenls for the year in quesiion In accordance with seclion 47ti. These financial slalefnents have been prepared in acrANdance wth tlie provistons applicable to companies subject to the small companies. regime. The notes on pages 12 to 20 lomi part of these financial statemenls. The financial statements were approved by ihe Twstees on . .2024 Paul O'callaghan (Chairl Trustee Company registration number 01396139
FAMILIES NEED FATHERS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Families Need Fathers Limited is a private company Iimiied by guarantee irhcorporated in England and Wales. The registered office is 27 Old Gloucester Street. Holbom. London WC1 N 3AX. 1.1 A¢¢ounting convention The accounts have beeri prepared accordance with the chariiy's Inemorandum and articles of agsocialion, the Compai)ies Act 2006 311e "Accouiibiig arid Repurti¢)g by Criarilies". Slatenierit of Recomniended Practice applicable lo charities preparing their accounis in accordarice with the Financial Repofling Sian(5aid applicdble in the UK and RepLJblic ol Ireland IFRS 1021" l<lS amended lor accounling periods comrnencing from 1 January 20191. The charity is a Public Benefit Entily as defined by FRS 102. The charity has taken advantage of the provTrsions in the SORP foi tharities applying FRS 102 not to prepare a Sialement of Cash Flows. The charity had two subsidiaries whth remain dOmnI. Accordingly, no consolidated accounts have been prepared. The financial stalemenls are prepared in slerling, whith is the functional currency ol the charily. Monelary amounts In these finanoal siatements are rounded to Ihe nearest £. The financial statements have been prepared under the historical cosi convenknon. The prinapal accfjLJnts'ng policies adopted are set out below. 1.2 Going concern At the lime ol approvii)g ihe finanal slatemenls. Ilie ruslees +:a'oe a reasonable expectation that 11)é charity has adequale resouFces 10 coniinue In operallonal ex151en¢£ lor Ihe loreseeaL)le future. Thus, 11)e Trusiee5 continue to adopt the going concern basis of accouniing In preparing financial statements. 1.3 Charitable funds Unrestricted funds are available for use al the discretion of the Trustees in furtherance of their charitable objectives. Restricted lunds are subjecl to specific conditions by donois as lo how they may be used. The purposes and Uses of Ihe restri¢led funds are sel out in the noles to the financial Slalefflenis. 1.4 Incoming resources Income is recognised when the charity is legally entitled to il after any Performan condib'ons have been met, the amoun15 can be measured reliably. and il is probable thai Income will be received Cèsh donations are recogntsed on receipt. Other dcnalions aTe recognised once the charity has been notified of the donation unles% Jprfornian"-e cor.d5t ai',* req,re clefer'.I1 nf tl)? ¥iryiourt Ir'i-.()rr.e tx r?(.'overi4bli,. relalion to donalions ceIve0 ui)der Gift Aid or deeijs ol covonaiTrt 15 recogntsed ai Ihe time ol Ihe donation. Membership subscriptions are in Substan donations aiid are recognised when received. -12-
FAMILIES NEED FATHERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.5 Resources expended Expenditure is recognised once there is a legal or consirudive obligation to make a paymenl to a third party, it is probable th£il settlerrienl will be required and the dmount ol the obligÉltion can be measured reli3bly. Costs ol raising lunds comprise the costs of collects.ng donauons, including applicable bank charges, Dperaiing fundraising and sponsorship events and associated support costs. Irrecoverable VAT is charged as a o)st against the activily for which Ihe expenditure was incurred. Costs have beer apportioned between the differeni activities ol the chanty where they are separately identifiable. Where costs span ftre than one chari¢¥ble aclivity an estimate Is used lo apporlion the cosi irturred. Those costs incurred In supporting the chariiable aciivities are charged to support costs. Support costs also includes governance costs which are purely those Iiecessary lof the charity to meet the adminislrativè requirements of the Charily Commission and other governing d(xumenls. In line with the estimaled usage on staff lime, support cA>sts have been allocaled as to 2901. lo media awareness & policy and 71010 lo public support and assist8n¢e12L122.' 29¥0171%1- 1.6 Tangiblè fixed assets Tangible fixed asse15 are iniltally measured at cosl and subsequently ffleasufed at cosl or valuation. nel of depreciation and any impaitment losses. Deprèciation is recognised so as lo write off the cost or valuation of assets less their residual values over their Ljseful lives on Ihe followin9 basis-. Fixtures and fittings over 4 yeats The gain or loss arising on the ¢Jisposal of arb asset Is determined as ihe difference between the sale proceeds and the carrying value of the asset and is recognised In the slatement ol finanoal activities. 1.7 Fixed asset investmènts Fixed a55el invesiments are initially measure(l al transaction price excluding transaclion costs, and are subseqLJenlly measured al fair value at each pOrting dale. Changes in fair value are recognised in net incomel lexpenditurel for the yeaf. Transaction (x)sls are expensed as incurred. A subsidiary is an enlily conlrolled by the charily. Control S the w>wer lo govem the financial and operating policiès ol ihe enbty so as lo obtain benefit5 from Its activities. 1.8 Impairment of fixed assets Al each reporting end date. the charity reviews Ihe carrying amounts of its tangible assets lo determne whether there Is any indication thai those assets have suffered an impairmeni loss. If any su¢h indication exists. the recoverable amount of the assel Is eslimaled In ordei lo deiermiiie the exlenl ol the Impairment loss lif any) 1.9 Cash cash equivalents Cash and cash eqtJivalent5 include cash in hand. deposts held ai Gall with banks, other short-term liquid investments wilh original malurilies ol thiee months or less, and bank overdralis. 8aiik overdrafts are shown within borrowings in ctjrrenl liabilities. 13
FAMILIES NEED FATHERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting poltGies (Continued} 1.10 Financial instruments The ¢harity has elected to apply the provisions of Section 11 'Basi¢ Financial Inslrurnents, and Section 12'0ther Financial Instruments Issues. of FRS 102 to all ol its finanal instrutnenls. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the contractual provisions ol the instrument. Financial assets and Iiabililies aTe offset, with Ihe nel amounts presenlÈd in the financial statements. when there Is a legally enforceable right 10 set off Ihe recognised amounls and thefe is an Intentioii to 5gltle on a nel basig or lo realise the asset and strtlle Ine Iiabiiily SlTiuiianeously Basic financial assets 8asic financial assets. which include debtors and rash and bank balances, are initially measured at transaction price including Iransaction costs and are subseouenily carried at amortised cost using Ihe basic effective interest mèthcKI. Financi313SSèts classifd as receivab within one yèar arè nol 3mortised. Basic financial liabilities Basic financial liabilities, includLng creditors are initialty rec¢yJnised at transaction price. Financial liabilities dassified as payable wiihin one year are noi amortlsed. Debt instruments are subsequently carried ai amorlise(I cost, using ihe effeGlive interest method. Tiade creditors are obligations to pay for goods or services that have been acquired in the ordinary course ol operaiions Iiom suppliers. Amounts payable aiÈ classified as current liabilities If payment is due within onè year or less. If noi, Ihey are presenle¢J as non-current liabilities_ Tiade ciedilors are recognised initially at Iransaciion price and subsequently Tne3SLJred al anionised rA)%l kjsing Ihe efler'iive Ifilerest mellit)d. Derecognition of financial liabllltiès Financial liabilitie5 are derecoynised when the charity s conlraciual obligations expire or are discharged or cancelled. 1.11 Employee b8nefits The cost ol any unused holiday entlllement is re)gnised in the peri(xJ in whiGh the employee's seNices are received. Termination benefits are recognised immedialely as an expense when Ilie charity is demonsirably committed to terminate the empbymenl of an employee Of to provide lerniination benefts_ 1.12 Retirement benefits Payments lo defined contribution retirement benefit schernes are charged as an expense as they fall due. 14
FAMILIES NEED FATHERS LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income and endowments Unrèstricted Unrestricted funds lunds 2024 2023 Donations and gifls Legacies receivable Membership lees 3,317 7.393 36.721 33,573 130,0001 46.281 47.431 49,854 Charitable 8ctlV1(ies 522 Trading activity income. sale ol FNF branded ilems 5.770 4.238 Interes¢ receivable 53,201 54.615 In the year to 31 March 2024: the charity's regular inLori)e contracted by £106.441. However, post- year end we were nolilied ol a legacy lo be £52.392 leived in Augsi 2024 and is recognised in Ihese accounts under SORP accounting regtslalions Raising funds 2024 2023 Fundraising and publicily Transaction charges in 1VIng donaU"ons. granls and Wies Staff costs 556 1,707 1,428 Fundraising and publicity 1.428 2.263 Both current and prior year expenditure was from unreslricted funds. No allocation ol general sUPPOrt costs Is made to fundraising aciivilies due lo the low level of slaff time incurred in Ihis area. 15
FAMILIES NEED FATHERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities Media Awareness and Policy 2024 Publ1¢ support & assistance Total Media 2024 Awareness and Policy 2023 Public support & assistance Total 2023 2024 2023 Staff costs Communications Stafflvolunleer training Bronch & dffiliate meeling expendituie 13,799 22,364 36,163 16,497 26.737 43.234 568 568 1,042 1,042 652 052 13,799 22.932 36,731 16,497 28,431 44.928 Share ol support costs Isee note 51 Share of govemance costs (see note 5) 13.741 33.641 47,382 13.567 33.216 46.783 2.026 4.962 6.988 2.723 6,666 9389 29.566 61.535 91,101 32.787 68,313 101.100 Analysis by fvnd Unrestricted funds Reslricled funds 29.566 61.535 91.101 32.787 67.661 652 100.448 29.566 61.535 91.101 32.787 68.313 101.100 16
FAMILIES NEED FATHERS LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Governance costs costs 2024 2023 Staff costs Depreciation Bank charges Computer expenses Office and Tnjstees insurances Office rent, rates and utililies Printing. postage 8nd stationery Travel and subsistence Sundry expenses Telephone & fax Loss on disposal ol fixed assets AccoLJiiling Legal fees 9,993 2.000 9,993 2.000 11.946 967 1.480 4.722 3.897 15,944 773 12.041 3.883 13,307 490 1.190 3,445 277 967 12.041 3.883 13,307 490 1.190 3.445 277 5,409 877 4.253 4,253 2735 5.782 3.6117 47.382 6.988 54.370 56,172 Analysed between Charitable aclivilies 47,382 6.988 54.370 56,172 Governance costs include paymenls to Ihe independent exarnine of £2.400 12023- £2,400) for accounts preparation 8nd examination fees. All amounts include VAT. Trustees One trustee was reimbursed travel, subsisience and accomnK)datioii expenses during tlie year al a cosi o £477 12023- £811 During the year. no trustees received any MUneratIon or oiher benefilS12023- £NIll. 17-
FAMILIES NEED FATHERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees Number of employees The average w,oi)thly nLmber ol eniployees during ip.e year was.. 2024 Number 2023 Number Total full or part time employees Employment costs 2024 2023 Wages and salaries Social security cA>sts Pension costs 46.667 50,361 2,974 1,845 917 47,584 55,180 There were no einployee> 'hOSe annual remunerat.on kvas £60.000 or rr.ore in Ih.e year or the previous year Social securily st Is staled after the dedknclion al the Err.ployFp.eni Allo'Nance. Key management personnel- One mEinber of siafl piovided key ?)ai)agenienl serviLes lo Il)e ctiarily during the year witli a iotsl cost, including employers. nalional insurance and penston contributions of £46.667 12023- £45,812). Tangible fixed assets Fixtures and fittings C05t At 1 April 2023 Disposals Addilions 16,434 116.4341 8.000 Al 31 March 2024 8,000 Depreciation and impaimient At 1 April 2023 Depreciation on disposals Depreoalion charged In the year 15.467 115,4671 2,LMJO At 31 March 2024 2,000 Carrying amount Al 31 March 2024 6.000 Al 31 March 2023 967 18
FAMILIES NEED FATHERS LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Fixed asset investments 2024 2023 Other investments comprise.. Investmenls in subsidiaries 24 24 Both the subsidianes are dormant and have nevet Iraded. Accordingly. no consdidated accounts are prepared. 10 Debtors 2024 2023 Amounts fa114ng due within one year.. Gilt Aid due Legacy pending Other debtors Prepayments and accrueLI incorne 6.562 52.393 22J 988 6.492 45 000 6.470 1.391 60.166 59.353 11 Credilors.. amounts falling due within one year 2024 2023 Other laxaiion and socAal security Trade creditors Other creditors Accruals and tjelerred income 1.276 8% 4,127 2.400 2.400 7,803 3,296 12 Defined contribution schemes The charity operates a defined contribution pension scheme for all qijalilying èmployees. The assets of the scheme are held sepèrately from those of the Ghar11y in an independently adm5nistered fund. The charge lo) profit or loss In respect o, aefiiied contribution >c.me5 v.".as £1.468 12023 £1.7011. £367 Is accrued in respeeL of £Nill- urrent <ll.d historic coniraLlual contritsulions Pdytible on tiehalf of employees12023 19-
FAMILIES NEED FATHERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Analysis of net assets between funds General Restricted Fund funds 2024 2024 Totsl General Ftsrxl 2023 Restricted funds 2023 Total 2024 2023 Fund balances 3131 Mafch 2024 are represented by.. Tangibk assels Inveslmenls Current assets 6.000 24 158,862 6,000 24 196.742 967 24 203,223 967 24 241,103 37,880 37.880 164,886 37.880 202,766 204.214 37.800 242.094 14 Restricted funds Movement in funds Inwning Re50Lirces resources expènded Balan¢e at 1 April 2023 8al¥nco at 31 March 2024 Balance al 31 March 2023 Sir James Rid(ett ST- l Mackay Branch Fijnds Cential London Branch Funds 2.500 2419 17.562 15.339 2.SOO 2.479 17,562 15.J39 2.479 17.562 li,JJ9 37.880 37.880 37,880 The purpose ol each fund is sel oul below= Name ol Restricted Furmj Purpose of FuThl Sir James Rickett To fund volunteer Irairhing in the North East. ST- l Mackay To support Ihe McKenzie Friend Assistsnce Scheme. Branch Funds Funds held and collected by blanches for the delivery of branch services. Central London Branch Funds Funds l)eld ar collected the Cenlral London branch for the delivery al branch services and national communication Cliarily services 15 Limited by Guarantee The charitable Ix>mpanrfs legal structure is that of a company limited by guarantee. In the event of the company winding up each mevnber is liable lo contribute £10 to any deficil1£100 in iolall. -2