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2021-09-30-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

Family Foundations Trust Limited

(A company limited by guarantee) Charity registration number: 284006 Company registration number: 01587920

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

FAMILY FOUNDATIONS TRUST LIMITED

CONTENTS

Legal and Administrative Information 1
Trustees' Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Notes to the Financial Statements 11 to 23

FAMILY FOUNDATIONS TRUST LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Charity Registration 284006 Number Company Registration 01587920 Number Trustees David Chaffe Terry Edmondson Colin Frampton Judith Frampton Trevor Hollingum James Nevill Iain Taylor (resigned 5 June 2021) Secretary Trevor Hollingum Registered address Dalesdown Honeybridge Lane Dial Post Horsham West Sussex RH13 8NX Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Independent Examiner Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

Page 1

FAMILY FOUNDATIONS TRUST LIMITED

TRUSTEES' REPORT

The Trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 30 September 2021.

Objectives and activities

Objects and aims

We are a Christian charity resourcing schools, charities, churches and local councils and offering holistic support to children and families in need.

In summary, the Charity objects (fully defined in the Memorandum and Articles) are: The advancement of the Christian faith:

• Acting as a resource for young people and families providing advice, training, assistance, planned activities and specialised facilities

We meet these objectives through two key strands of activity:

Public benefit

The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Achievements and performance

Dalesdown was effectively closed from October 2020 until July 2021. All staff were furloughed during this period.

In February 2021 we launched the Food Project in partnership with the Wholesome Warehouse and supported by various charitable trusts and are currently providing meals for over 250 families a week.

In April we entered a partnership with Competitive Solutions to bolster lost funding and help us to expand in future.

Plans to extend our buildings are on hold until funding improves.

The Board agreed to proceed with on-site accommodation for the Centre Manager when funds permitted.

The summer camps had to be cancelled at the last minute because of a Covid outbreak on the team.

From August bookings began to pick up again.

Children Worldwide

This year has once again been a difficult year with COVID, with a lot of our members reporting that they have still had some limitations on access to their work in schools, and after school clubs, and also in church groups. It is becoming more open, allowing access to our members to come in, but it is slow.

Page 2

FAMILY FOUNDATIONS TRUST LIMITED

TRUSTEES' REPORT

Meanwhile a lot of the work that was done online, and live through Zoom and other platforms still continues, especially in the assembly field.

Our membership has remained stable, with a few joining, and a few retiring this year, and we remain 35 members with the following general work (obviously some members with more than one area of work).

• 9 members in Kenya, doing amazing amounts of church pastors training, church Sunday school leaders training, schools work, Sunday schools work, and evangelistic missions

Nationally, we are recognised as having the following expertise:

Plans for future periods

The focus of the past few years has been on serving and supporting the membership in achieving all the things they have been doing week in and week out, particularly through the difficult times of COVID where there has been less support, and more challenges.

Going forward, we are intending to widen this support base out to non-members as well, and use our skills and market position to support resource and train a wider group of children’s workers around the country, and overseas.

Weekend bookings are booming but during the week we have spare capacity.

Post Covid we know that many families are in need. We are hoping to appoint a Family Worker to help achieve our aim to provide support for 75 families this year through Dalesdown’s resources.

We will be working with individual churches to provide youth activities at Dalesdown and with another local charity offering bushcraft activities for young people.

We will be working with individual churches to provide youth activities at Dalesdown and with another local charity offering bushcraft activities for young people.

Financial review

Due to the continuing disruption of Covid-19, it still was not possible for Dalesdown to open its doors to guests at the beginning of the financial year in October 2020. This meant the charity had to continue to be solely reliant on Government Grants and gifts from donors.

Page 3

FAMILY FOUNDATIONS TRUST LIMITED

TRUSTEES' REPORT

Thankfully, Government restrictions were reduced in July 2021, allowing residential guests to be welcomed back. Although this helped to increase our income slightly, it was still necessary to make use of the Government furlough scheme until that finished in September 2021.

FFT Ltd also began working with a fundraising company, Competitive Solutions. They are specialists in fundraising for the voluntary sector and have years of experience in writing bespoke funding applications for their clients. Due to the application and decision process being quite lengthy in most cases, we hope to report of our successes in the next financial year.

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Structure, governance and management

Nature of governing document

Family Foundations Trust Ltd, (the “Charity”) is a charitable company, limited by guarantee which was incorporated on 28th September 1981. It is governed by its Articles of Association which were amended on 5th September 2011.

Recruitment and appointment of Trustees

Trustees are appointed from the supporters of the charity. There is no maximum number, just a minimum of 3. There exists an induction process for all new Trustees and relevant training is offered on an ongoing basis.

Organisational structure

There are currently 6 trustees: Colin Frampton (Chair, following Iain Taylor’s resignation in June 2021), David Chaffe (Finance), Terry Edmondson (HR), Judy Frampton (Staff Welfare and Safeguarding), Trevor Hollingum (Finance) and Mike Nevill (Policies and Procedures). Lee Nancarrow is the Company Secretary. The Board holds quarterly Meetings and other Meetings as required. The Finance sub-committee meets quarterly. The Chair meets with the CEO each month. Staff appraisals and objective setting takes place annually.

Our CEO, Lee Nancarrow, is supported by Steve Lawson (Centre Manager), Nicola Harwood (Finance Manager and Administrator), Ryan Hines (Events), Wendy Fuller (Housekeeper), June Botham (House Keeper), Kerry Kemp (House Keeper) and Dave Gidney and Sarah Covington (Co-Directors of Children Worldwide).

Use of volunteers

The Charity is privileged to enjoy the practical support of many volunteers who help maintain the buildings and extensive grounds and a faithful donor base including our Bursary funders who have responded to our needs over many years.

Page 4

FAMILY FOUNDATIONS TRUST LIMITED

TRUSTEES' REPORT

Risk management

The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

Review of the Risk Register

• We have ensured that all major insurable risks are subject to a combined Charity Connect policy of insurance underwritten by Ansvar. An annual review of all areas of risk is undertaken by the trustees in conjunction with staff overseeing the areas of activity, and procedures which have been put in place. All Procedures are documented and in normal circumstances carried out by more than one member of staff. Our current situation is not normal with furlough and redundancies creating less staff available. The Trustees are comfortable with the arrangements that exist covering the much reduced business activity level and with the fewer staff available.

• The Charity has a disaster recovery plan which is reviewed annually by the Board.

• The Charity has been unable to claim for business interruption losses due to Covid because policy coverage is restricted to ‘business interruption as the result of damage to property’ only.

• In respect of potential Charity fraud, we have reviewed our exposure and believe that sufficient internal and financial controls exist, and that proportionate and reasonable steps are in place to ensure that all funds are accounted for and spent in line with the aims of the Charity. Additionally, when appropriate, we have given attention to our various currently shrinking bank account deposits in the light of cover provided by the FSCS guarantee.

• We regularly review our exposure to Financial risks, Governance and Management Risks, Operational risks and Safeguarding as appropriate to our activities.

Serious Incident Reporting

The Trustees, in accordance with Serious Incident Reporting requirements (that is resulting in a significant loss of funds, or of significant risk to our property, beneficiaries or reputation) are pleased to confirm that no incidents fall into this category for the year under review.

Page 5

FAMILY FOUNDATIONS TRUST LIMITED

TRUSTEES' REPORT

Statement of Trustees' Responsibilities

The Trustees (who are also the directors of Family Foundations Trust Limited for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The annual report was approved by the Trustees of the Charity on 16 March 2022 and signed on its behalf by:

......................................... Colin Frampton Trustee

Page 6

FAMILY FOUNDATIONS TRUST LIMITED

INDEPENDENT EXAMINER'S REPORT

I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 30 September 2021 which are set out on pages 8 to 23.

Respective responsibilities of Trustees and examiner

As the Charity’s Trustees of Family Foundations Trust Limited (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of Family Foundations Trust Limited are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your Charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of Family Foundations Trust Limited as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

16 March 2022

Page 7

FAMILY FOUNDATIONS TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021

Note
Unrestricted
funds
£
Income and Endowments from:
Donations and legacies
3
173,990
Charitable activities
4
35,867
Investment income
5
429
Total income
210,286
Expenditure on:
Charitable activities
6
206,786
Total expenditure
206,786
Net
income/(expenditure)
3,500
Net movement in funds
3,500
Reconciliation of funds
Total funds brought
forward
1,022,028
Total funds carried
forward
16
1,025,528		 Restricted
funds
£
20,834
-
-
20,834
19,868
19,868
966
966
10,866
11,832		 Total
2021
£
194,824
35,867
429
231,120
226,654
226,654
4,466
4,466
1,032,894
1,037,360		 Total
2020
£
103,550
55,581
838
159,969
255,309
255,309
(95,340)
(95,340)
1,128,234
1,032,894

The notes on pages 11 to 23 form an integral part of these financial statements. Page 8

FAMILY FOUNDATIONS TRUST LIMITED

REGISTERED NUMBER: 01587920 BALANCE SHEET AS AT 30 SEPTEMBER 2021

Note
Fixed assets
Tangible assets
10
Current assets
Stocks
11
Debtors
12
Cash at bank and in hand
Creditors: Amounts falling due within one year
13
Net current assets
Total assets less current liabilities
Creditors: Amounts falling due after more than
one year
14
Net assets
Funds of the Charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
16		 2021
£
935,127
-
11,980
132,424
144,404
(16,747)
127,657
1,062,784
(25,424)
1,037,360
11,832
1,025,528
1,037,360		 2020
£
961,347
198
21,465
98,390
120,053
(26,556)
93,497
1,054,844
(21,950)
1,032,894
10,866
1,022,028
1,032,894

For the financial year ending 30 September 2021 the Charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The notes on pages 11 to 23 form an integral part of these financial statements. Page 9

FAMILY FOUNDATIONS TRUST LIMITED

REGISTERED NUMBER: 01587920 BALANCE SHEET AS AT 30 SEPTEMBER 2021

The financial statements on pages 8 to 23 were approved by the Trustees, and authorised for issue on 16 March 2022 and signed on their behalf by:

......................................... Colin Frampton Trustee

The notes on pages 11 to 23 form an integral part of these financial statements. Page 10

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2021

1 Charity status

The Charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the Trustees is liable to contribute an amount not exceeding £1 towards the assets of the Charity in the event of liquidation.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

Family Foundations Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the Charity.

Income and endowments

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Page 11

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2021

Donations and legacies

Donations are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the Charity before the Charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that these conditions will be fulfilled in the reporting period.

Gift aid

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Expenditure

Liabilities are recognised on the accruals basis. Expenditure is recognised in the period in which it is incurred and includes any attributable VAT which cannot be recovered. Costs which are identified as relating to restricted activities are allocated directly to those activities. Costs which relate to the general running of the charity are allocated against unrestricted funds, and within the statement of financial activities these expenses are shown as costs of generating funds and costs in furtherance of charitable objects.

Charitable activities

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.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Page 12

FAMILY FOUNDATIONS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2021

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Buildings 2% on cost
Furniture and equipment 25% on cost
Fixtures and fittings 25% on cost
Computer equipment 33% on cost

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Liabilities

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Fund structure

Unrestricted income funds are general funds that are available for use at the Trustees's discretion in furtherance of the objectives of the Charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Page 13

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2021

Pensions and other post retirement obligations

The Charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the Charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 14

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2021

3 Income from donations and legacies

Unrestricted funds
Designated
£
General
£
Donations and legacies;
Donations
2,271
15,457
Gift aid reclaimed
-
2,145
Grants, including capital
grants;
Government grants
-
69,239
Grants from other
charities
-
84,878
2,271
171,719		 Restricted
funds
£
10,764
1,051
-
9,019
20,834		 Total
2021
£
28,492
3,196
69,239
93,897
194,824		 Total
2020
£
30,740
3,313
48,448
21,049
103,550

4 Income from charitable activities

Unrestricted funds
Designated
£
General
£
Use of facilities -
Residential
-
29,274
Use of facilities - Non
residential
-
3,520
Camps and events
400
1,875
Promotional and
miscellaneous
-
798
400
35,467
5 Investment income
Unrestricted
funds
General
£
Interest receivable and similar income;
Interest receivable on bank deposits
429		 Total
2021
£
29,274
3,520
2,275
798
35,867
Total
2021
£
429		 Total
2020
£
46,264
500
3,735
5,082
55,581
Total
2020
£
838

Page 15

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2021

6 Expenditure on charitable activities

Unrestricted funds
Note
Designated
£
General
£
Centre ‐ Utilities
-
10,107
Centre -
Maintenance and
Cleaning
-
7,707
Centre -
Insurance
-
6,072
Events
17
(2,750)
Office & related
costs
7,053
22,202
Fundraising
-
12,998
Independent
examination
-
1,000
Depreciation,
amortisation and
other similar
costs
26,220
1,416
Grant funding of
activities
7
200
-
Staff costs
9
2,912
111,632
36,402
170,384		 Restricted
funds
£
150
1,945
-
8,358
3,460
-
-
-
5,955
-
19,868		 Total
2021
£
10,257
9,652
6,072
5,625
32,715
12,998
1,000
27,636
6,155
114,544
226,654		 Total
2020
£
12,846
30,373
6,052
3,339
19,041
2,773
600
27,678
7,348
145,259
255,309

Page 16

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2021

7 Grant-making

Analysis of grants

Grants to individuals 2021 2020 £ £ Grants 6,155 7,348

8 Trustees remuneration and expenses

No Trustees, nor any persons connected with them, have received any remuneration from the Charity during the year.

No Trustees have received any reimbursed expenses or any other benefits from the charity during the year.

9 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
Redundancy		 2021
£
99,381
2,168
9,029
3,966
114,544		 2020
£
126,652
6,969
11,638
-
145,259

The monthly average number of persons (including senior management team) employed by the Charity during the year expressed as full time equivalents was as follows:

2021 2020
No No
Staff 4 5

No employee received emoluments of more than £60,000 during the year.

Page 17

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2021

10 Tangible fixed assets

Cost
At 1 October
2020
Additions
At 30
September
2021
Depreciation
At 1 October
2020
Charge for the
year
At 30
September
2021
Net book value
At 30
September
2021
At 30
September
2020
11 Stock
Stocks		 Land and
buildings
£
1,170,484
-
1,170,484
220,318
21,712
242,030
928,454
950,166		 Furniture
and
equipment
£
57,932
-
57,932
47,694
4,509
52,203
5,729
10,238		 Computer
equipment
£
-
1,416
1,416
-
472
472
944
-		 Fixtures
and fittings
£
7,398
-
7,398
6,455
943
7,398
-
943
2021
£
-		 Total
£
1,235,814
1,416
1,237,230
274,467
27,636
302,103
935,127
961,347
2020
£
198

Page 18

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2021

12 Debtors

Trade debtors
Prepayments
Accrued income
VAT recoverable
Other debtors		 2021
£
3,215
800
1,910
2,470
3,585
11,980		 2020
£
1,613
3,418
4,278
1,857
10,299
21,465

13 Creditors: amounts falling due within one year

Other creditors
Accruals
Deferred income		 2021
£
807
1,000
14,940
16,747		 2020
£
1,557
9,407
15,592
26,556

14 Creditors: amounts falling due after one year

Other loans
Deferred income		 2021
£
20,000
5,424
25,424		 2020
£
20,000
1,950
21,950

15 Pension and other schemes

Defined contribution pension scheme

The Charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the Charity to the scheme and amounted to - £9,029 (2020 £11,638).

Contributions totalling £808 (2020 - £1,558) were payable to the scheme at the end of the year and are included in creditors.

Page 19

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2021

16 Funds

Unrestricted funds
General
General Funds
Designated
Bursary (CW)
Future Builders
Capital fund
Dalesdown Refurb and
Development
Minimum Reserve
Total unrestricted funds
Restricted funds
Evangelism (CW Kenya)
Evangelism (Whizz Kids)
Evangelists (UK)
Bursary
Children Worldwide
Food Project
Total funds		 Balance at
1 October
2020
£
42,694
486
6,757
941,347
-
30,744
979,334
1,022,028
3,575
57
-
5,734
1,500
-
10,866
1,032,894		 Incoming
resources
£
207,615
625
400
-
1,646
-
2,671
210,286
1,526
-
3,454
700
6,835
8,319
20,834
231,120		 Resources
expended
£
(170,384)
(53)
(217)
(26,220)
-
(9,912)
(36,402)
(206,786)
(4,227)
-
(1,728)
(6,434)
(1,972)
(5,507)
(19,868)
(226,654)		 Balance at
30
September
2021
£
79,925
1,058
6,940
915,127
1,646
20,832
945,603
1,025,528
874
57
1,726
-
6,363
2,812
11,832
1,037,360

Page 20

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2021

Designated funds:

Bursary CW - Provision of bursary funding generated from an allocation of CW members' monthly contributions. It is utilised supporting children's workers whose activities are associated with the aims and objectives of the charity.

Future Builders was an accredited training course for full time children's work, which ceased at the end of the 2014/15 academic year. Residual funds are being applied to various training projects and opportunities.

The Capital fund represents the net book value of tangible fixed assets to the extent that these assets are not funded by loans or restricted funds.

Retreat funds - Provision to underwrite the programme of Retreats, released to the General Fund at 30 September 2019.

The Replacement of major items fund represents funds set aside to carry out essential repairs and replacements to the property and fixtures, released to the General Fund at 30 September 2020.

Dalesdown Refurb and Development - Provision to develop and refurbish the Charity's Centre at Dalesdown.

CW Ministry Development - Provision to develop the sustainability and ministry of Children Worldwide, released back to the General Fund at 30 September 2020. The Minimum Reserve was increased at 30 September 2020 to cover the potential closure costs of redundancy and accrued holiday pay.

Restricted funds:

Evangelism (CW Kenya) fund is used to receive donations and pay towards the support of children's evangelists and training events run by our associated charity in Kenya.

Whizz Kids is the annual children's program at Spring Harvest, run by Children Worldwide members. Evangelism (UK) is used to receive donations and pay towards the support of UK based evangelists.

The Bursary fund is used to assist individuals who would not otherwise be able to afford to attend camps and activities run at Dalesdown. The transfer to the General Fund of £2,000 in the year to September 2020 was a contribution to the staff time required to prepare for the limited program of day camps that was possible in summer.

The Development Appeal fund is for the enhancement of existing buildings and development of new buildings on our site.

When Children Worldwide became part of FFT, the Charity Commission directed that £1,000 should be retained as a minimum reserve. This figure has been subsequently increased to the current level.

The Food Project is specific funding to support the preparation and distribution of meals to those in need through the Wholesome Warehouse charity.

Page 21

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2021

Unrestricted funds
General
General Funds
Designated
Bursary (CW)
Future Builders
Capital fund
Replacement of major
items
Dalesdown Refurb and
Development
CW Ministry
Development
Minimum Reserve
Total unrestricted
funds
Restricted funds
Evangelism (CW
Kenya)
Evangelism (Whizz
Kids)
Evangelists (UK)
Bursary
Development Appeal
Latvia
Children Worldwide
Total funds		 Balance
at 1
October
2019
£
46,316
363
6,806
960,983
45,000
25,000
9,000
18,500
1,065,652
1,111,968
2,487
144
344
2,654
7,707
1,430
1,500
16,266
1,128,234		 Incoming
resources
£
146,421
-
-
-
-
-
-
-
-
146,421
1,088
-
3,683
5,080
2,149
1,548
-
13,548
159,969		 Resources
expended
£
(201,450)
(175)
(49)
(27,678)
-
(8,927)
-
-
(36,829)
(238,279)
-
(87)
(4,109)
-
(9,856)
(2,978)
-
(17,030)
(255,309)		 Transfers
£
Balance
at 30
September
2020
£
51,407
42,694
298
486
-
6,757
8,042
941,347
(45,000)
-
(16,073)
-
(9,000)
-
12,244
30,744
(49,489)
979,334
1,918
1,022,028
-
3,575
-
57
82
-
(2,000)
5,734
-
-
-
-
-
1,500
(1,918)
10,866
-
1,032,894

Page 22

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2021

17 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets		 Unrestricted funds
General
£
Designated
£
20,000
915,127
102,096
30,476
(16,747)
-
(25,424)
-
79,925
945,603
Unrestricted funds
General
£
Designated
£
20,000
941,347
71,200
37,987
(26,556)
-
(21,950)
-
42,694
979,334		 Restricted
funds
£
-
11,832
-
-
11,832
Restricted
funds
£
-
10,866
-
-
10,866		 Total funds
at 30
September
2021
£
935,127
144,404
(16,747)
(25,424)
1,037,360
Total funds
at 30
September
2020
£
961,347
120,053
(26,556)
(21,950)
1,032,894

Page 23