OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-09-30-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

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

Reference and Administrative Details 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

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees

David Chaffe Terry Edmondson Colin Frampton Judith Frampton Trevor Hollingum James Nevill (resigned 1 September 2022)

Secretary Lee Nancoarrow Charity Registration 284006 Number Company Registration 01587920 Number

The Charity is incorporated in England. Registered Office Dalesdown Honeybridge Lane Dial Post Horsham West Sussex RH13 8NX Independent Examiner G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham, Chichester West Sussex PO18 8NF Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

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 2022.

Objectives and activities

Objects and aims

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

The advancement of the Christian faith:

• Enabling young people and families to participate in society as mature, responsible individuals through the promotion of mainstream Christian teaching and values.

• 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

Weekend bookings remain strong.

The Food Project in partnership with the Wholesome Warehouse and supported by various charitable trusts is still flourishing and is currently providing approximately 150 meals a week for families in need.

Staff and trustees have participated in initial training in restorative practices which will allow us to become a restorative centre in future.

We continue to offer RISE, a quarterly women’s retreat.

We are offering weekly bereavement counselling at the centre.

We are planning a lunch time meeting for school leaders to encourage the use of Dalesdown during the week for day visits, field trips etc.

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.

Page 2

FAMILY FOUNDATIONS TRUST LIMITED

TRUSTEES' REPORT

Children Worldwide

Our membership has grown a little this year, with a few new members joining, and none leaving this year, so we have grown to 39 members and cover a wide range of children’s ministry around the country. The work we do includes adult and children’s mentors, church consultants, church-based children's ministry, children's ministry training, schools and community work, composers and authors creating published resources for the church, itinerant children’s ministry, and working in partnership with many other organisations.

We also have a team of 9 local workers overseas in Kenya, who are involved in Sunday school leaders training, schools work, Sunday schools work, and evangelistic missions

This year we undertook a rebranding and re-envisioning exercise, within the boundaries of the original trust deed.

As a result we have done the following:

  1. Changed our logo to a branding icon, colour and font concept.

  2. Changed our strapline to “supporting you and your ministry with children and families”.

  3. Rewritten the website to support all this.

  4. Created some new promotional material to support this.

  5. Embarked on a new and supplementary role to encourage and bless children’s ministers around Britain, showing them how to connect with each other for better support and encouragement.

This last point we are doing by rolling out a programme of events called Re:Fuel where we gather children’s workers together in a locality, provide them with a free meal, and encourage networking among them. We have completed 5 of these events this year, and plan a further 10 – 12 for next year. They appear to be very well received and we have collected two new members directly from that this year.

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, and that will remain true.

Re:Fuel will grow and develop over the next 12 months, and may need us to consider applying for funds to keep it going beyond that.

Our Re:Connect gatherings (formerly team conference, and regional days, and Zoom meetings) will continue, with added emphasis and encouragement to invite people to them.

Both of these points will hopefully feed new applications for membership into the office. There are also plans to exhibit at children’s ministry conferences again this year to add to this.

Page 3

FAMILY FOUNDATIONS TRUST LIMITED

TRUSTEES' REPORT

The Kenya team has become well established now, and is doing well. We are looking into further training for them, as they expand, and considering how we can build and invest in their skills and leadership for the future.

Financial review

Income for the year amounted to £214,648 (2021: £231,120) and expenditure £278,406 (2021: £226,653). General funds carried forward were £953,216 and restricted funds £20,286.

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), David Chaffe (Finance), Terry Edmondson (HR), Judy Frampton (Staff Welfare and Safeguarding), Trevor Hollingum (Finance). Lee Nancarrow is the Company Secretary. The Board holds quarterly Meetings and other Meetings as required. The Finance sub-committee meets quarterly. The Chair and HR Trustee meet with the CEO each month. Staff appraisals and objective setting takes place annually.

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.

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

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.

Our CEO, Lee Nancarrow, is supported by Steve Lawson (Centre Manager), Nicola Harwood (Finance Manager and Administrator), Wendy Fuller (Housekeeper), June Botham (House Keeper), Kerry Kemp (House Keeper) and Dave Gidney and Sarah Covington (Co-Directors of Children Worldwide). Ryan Hines (Events Co-ordinator) resigned in January ’22.

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.

• 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 bank account deposits in the light of cover provided by the FSCS guarantee.

Page 5

FAMILY FOUNDATIONS TRUST LIMITED

TRUSTEES' REPORT

Statement of 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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 the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that can 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.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

The annual report was approved by the Trustees of the Charity on 1 February 2023 and signed on its behalf by:

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

Page 6

FAMILY FOUNDATIONS TRUST LIMITED

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FAMILY FOUNDATIONS TRUST LIMITED

I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 30 September 2022 which are set out on pages 8 to 23.

Responsibilities and basis of report

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

1 February 2023

Page 7

FAMILY FOUNDATIONS TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022

Note
Unrestricted
funds
£
Income and Endowments from:
Donations and legacies
3
35,770
Charitable activities
4
144,940
Investment income
5
119
Total income
180,829
Expenditure on:
Charitable activities
6
253,041
Total expenditure
253,041
Net
(expenditure)/income
(72,212)
Net movement in funds
(72,212)
Reconciliation of funds
Total funds brought
forward
1,025,528
Total funds carried
forward
15
953,316		 Restricted
funds
£
33,345
460
14
33,819
25,365
25,365
8,454
8,454
11,832
20,286		 Total
2022
£
69,115
145,400
133
214,648
278,406
278,406
(63,758)
(63,758)
1,037,360
973,602		 Total
2021
£
194,824
35,867
429
231,120
226,653
226,653
4,467
4,467
1,032,894
1,037,361

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 2022

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: Amounts falling due within one year
12
Net current assets
Total assets less current liabilities
Creditors: Amounts falling due after more than
one year
13
Net assets
Funds of the Charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
15		 2022
£
911,100
911,100
10,924
99,597
110,521
(28,019)
82,502
993,602
(20,000)
973,602
20,286
953,316
973,602		 2021
£
935,127
935,127
11,980
132,424
144,404
(16,746)
127,658
1,062,785
(25,424)
1,037,361
11,832
1,025,529
1,037,361

For the financial year ending 30 September 2022 the Charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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 2022

The financial statements on pages 8 to 23 were approved by the Trustees, and authorised for issue on 1 February 2023 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 THE YEAR ENDED 30 SEPTEMBER 2022

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 THE YEAR ENDED 30 SEPTEMBER 2022

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.

Grants receivable

Grants are recognised when the Charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Deferred income

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

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.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

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.

Page 12

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

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.

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.

Page 13

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

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 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.

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 THE YEAR ENDED 30 SEPTEMBER 2022

3 Income from donations and legacies

Unrestricted funds
Restricted
Total
Designated
£
General
£
funds
£
2022
£
Donations and legacies;
Donations
2,120
12,997
16,439
31,556
Gift aid reclaimed
382
2,236
1,946
4,564
Grants, including capital
grants;
Government grants
-
4,000
-
4,000
Grants from other
charities
-
13,089
14,960
28,049
Other income from
donations and legacies
-
946
-
946
2,502
33,268
33,345
69,115
4 Income from charitable activities
Unrestricted
funds
Restricted
Total
General
£
funds
£
2022
£
Use of facilities -
Residential
131,821
-
131,821
Use of facilities - Non
residential
10,505
-
10,505
Camps and events
1,165
460
1,625
Promotional and
miscellaneous
1,449
-
1,449
144,940
460
145,400		 Total
2022
£
31,556
4,564
4,000
28,049
946		 Total
2021
£
28,492
3,196
69,239
93,897
-
69,115 194,824
Total
2021
£
29,274
3,520
2,275
798
35,867

5 Investment income

Unrestricted funds
Designated
£
General
£
Interest receivable and
similar income;
Interest receivable on
bank deposits
12
107		 Restricted
funds
£
14		 Total
2022
£
133		 Total
2021
£
429

Page 15

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

6 Expenditure on charitable activities

Unrestricted funds
Note
Designated
£
General
£
Centre ‐ Utilities
and rates
-
26,241
Centre -
Maintenance and
Cleaning
-
19,878
Centre -
Insurance
-
6,175
Events
285
1,071
Office & related
costs
100
10,388
Fundraising
-
23,800
Food project
-
110
Property
development and
planning
-
-
Independent
examination
-
1,000
Depreciation,
amortisation and
other similar
costs
24,026
2,501
Grant funding of
activities
7
-
-
Staff costs
9
-
137,466
24,411
228,630		 Restricted
funds
£
-
19
-
4,600
4,684
-
731
8,214
-
-
7,117
-
25,365		 Total
2022
£
26,241
19,897
6,175
5,956
15,172
23,800
841
8,214
1,000
26,527
7,117
137,466
278,406		 Total
2021
£
12,195
9,652
6,072
5,625
30,751
12,998
-
25
1,000
27,636
6,155
114,544
226,653

Page 16

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

7 Grant-making

Analysis of grants

Grants to individuals 2022 2021 £ £ Grants 7,117 6,155

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		 2022
£
122,380
5,669
9,417
-
137,466		 2021
£
99,381
2,168
9,029
3,966
114,544

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

follows:
2022 2021
No No
Staff 6 4

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

Page 17

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

10 Tangible fixed assets

Cost
At 1 October 2021
Additions
At 30 September
2022
Depreciation
At 1 October 2021
Charge for the year
At 30 September
2022
Net book value
At 30 September
2022
At 30 September
2021
11 Debtors
Trade debtors
Prepayments
Accrued income
VAT recoverable
Other debtors		 Land and
buildings
£
Furniture
and
equipment
£
Motor
vehicles
£
Computer
eq
£
Fixtures
and
fittings
£
1,170,484
57,932
-
1,416
7,398
-
-
2,500
-
-
1,170,484
57,932
2,500
1,416
7,398
242,030
52,203
-
472
7,398
21,712
3,718
625
472
-
263,742
55,921
625
944
7,398
906,742
2,011
1,875
472
-
928,454
5,729
-
944
-
2022
£
10,115
-
809
-
-
10,924		 Land and
buildings
£
Furniture
and
equipment
£
Motor
vehicles
£
Computer
eq
£
Fixtures
and
fittings
£
1,170,484
57,932
-
1,416
7,398
-
-
2,500
-
-
1,170,484
57,932
2,500
1,416
7,398
242,030
52,203
-
472
7,398
21,712
3,718
625
472
-
263,742
55,921
625
944
7,398
906,742
2,011
1,875
472
-
928,454
5,729
-
944
-
2022
£
10,115
-
809
-
-
10,924		 Total
£
1,237,230
2,500
1,239,730
302,103
26,527
328,630
911,100
935,127
2021
£
3,215
800
1,910
2,470
3,585
11,980

Page 18

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

12 Creditors: amounts falling due within one year

12 Creditors: amounts falling due within one year
Other taxation and social security
Other creditors
Accruals
Deferred income		 2022
£
5,629
796
1,000
20,594
28,019		 2021
£
-
806
1,000
14,940
16,746
13 Creditors: amounts falling due after one year
Other loans
Deferred income		 2022
£
20,000
-
20,000		 2021
£
20,000
5,424
25,424

14 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 - £9,417 (2021 £9,029).

Contributions totalling £795 (2021 - £808) 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 THE YEAR ENDED 30 SEPTEMBER 2022

15 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)
Children Worldwide
Food Project
Bursary Grants
RCEF Grant
Total funds		 Balance at
1 October
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		 Incoming
resources
£
178,315
640
-
-
1,874
-
2,514
180,829
1,739
-
3,806
8,128
4,578
5,158
10,410
33,819
214,648		 Resources
expended
£
(228,630)
(100)
(285)
(24,026)
-
-
(24,411)
(253,041)
(2,230)
-
(4,627)
(4,950)
(5,084)
(260)
(8,214)
(25,365)
(278,406)		 Balance at
30
September
2022
£
29,610
1,598
6,655
891,101
3,520
20,832
923,706
953,316
383
57
905
9,541
2,306
4,898
2,196
20,286
973,602

Page 20

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

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.

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

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.

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.

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 RCEF Grant is funding received to assess potential renewable energy option at Dalesdown.

Page 21

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

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
£
(170,383)
(53)
(217)
(26,220)
-
(9,912)
(36,402)
(206,785)
(4,227)
-
(1,728)
(6,434)
(1,972)
(5,507)
(19,868)
(226,653)		 Balance at
30
September
2021
£
79,926
1,058
6,940
915,127
1,646
20,832
945,603
1,025,529
874
57
1,726
-
6,363
2,812
11,832
1,037,361

Page 22

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

16 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
£
19,999
891,101
57,630
32,605
(28,019)
-
(20,000)
-
29,610
923,706
Unrestricted funds
General
£
Designated
£
20,000
915,127
102,096
30,476
(16,747)
-
(25,424)
-
79,925
945,603		 Restricted
funds
£
-
20,286
-
-
20,286
Restricted
funds
£
-
11,832
-
-
11,832		 Total funds
at 30
September
2022
£
911,100
110,521
(28,019)
(20,000)
973,602
Total funds
at 30
September
2021
£
935,127
144,404
(16,747)
(25,424)
1,037,360

Page 23