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2023-09-30-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 22

FAMILY FOUNDATIONS TRUST LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees

David Chaffe Terry Edmondson Colin Frampton Judith Frampton Trevor Hollingum Barbara Stanley (appointed 13 December 2023)

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 2023.

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.

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

We are offering weekly bereavement counselling at the centre.

We received a large donation to carry out needed repairs to the centre most of which have now been successfully completed.

Plans to extend our buildings are still on hold.

Children Worldwide

CW has been going well over the summer.

Page 2

FAMILY FOUNDATIONS TRUST LIMITED

TRUSTEES' REPORT

We have seen an increase in church weekends away we are booked for, and have managed to find teams to cover all that we have been asked, which is encouraging, as that has not always been true. We have had a volunteer join us as a helper as well, from the Spring Harvest Whizz Kids team. She has been useful, and a new venture we have been trying for a while now.

One church we worked with is considering asking for a further level of consultancy with them.

ReFuel is going well ... where we gather children's workers in an area and bless them with a meal.

We have done two more since the summer, with two more planned this year.

There is continued good response here, and interest in membership from several, and possibly a student for the future builders training as well.

Members, ... no new ones, no losses, but several enquiries

Subscriptions ... two non payers have been chased up, and hopefully now are setting up standing orders (Pawson and Hadley) Rachel Gidney is no longer a student and as from September will no longer have a bursary, and will start paying subscriptions.

Kenya ... good summer conference, team doing well, though the leader Godfrey has had to take a back seat recently as his father died.

Annual conference going ahead, planning all in place.

Financial review

Income for the year amounted to £333,664 (2022: £214,648) and expenditure £305,049 (2022: £278,406). General funds carried forward were £981,330 and restricted funds £20,887.

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.

Page 3

FAMILY FOUNDATIONS TRUST LIMITED

TRUSTEES' REPORT

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 5 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.

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).

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.

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.

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 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.

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 25 January 2024 and signed on its behalf by:

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

Page 5

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 Family Foundations Trust Limited for the year ended 30 September 2023.

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

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies.

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

25 January 2024

Page 6

FAMILY FOUNDATIONS TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023

Note
Unrestricted
funds
£
Income and Endowments from:
Donations and legacies
3
98,059
Charitable activities
4
190,388
Investment income
5
1,114
Other income
2,708
Total income
292,269
Expenditure on:
Charitable activities
6
266,755
Total expenditure
266,755
Net
income/(expenditure)
25,514
Transfers between
funds
2,500
Net movement in funds
28,014
Reconciliation of funds
Total funds brought
forward
953,316
Total funds carried
forward
15
981,330		 Restricted
funds
£
40,285
1,005
105
-
41,395
38,294
38,294
3,101
(2,500)
601
20,286
20,887		 Total
2023
£
138,344
191,393
1,219
2,708
333,664
305,049
305,049
28,615
-
28,615
973,602
1,002,217		 Total
2022
£
69,115
145,400
133
-
214,648
278,406
278,406
(63,758)
-
(63,758)
1,037,360
973,602

The notes on pages 10 to 22 form an integral part of these financial statements. Page 7

FAMILY FOUNDATIONS TRUST LIMITED

REGISTERED NUMBER: 01587920 BALANCE SHEET AS AT 30 SEPTEMBER 2023

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		 2023
£
888,980
888,980
6,467
155,968
162,435
(29,198)
133,237
1,022,217
(20,000)
1,002,217
20,887
981,330
1,002,217		 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

For the financial year ending 30 September 2023 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 10 to 22 form an integral part of these financial statements. Page 8

FAMILY FOUNDATIONS TRUST LIMITED

REGISTERED NUMBER: 01587920 BALANCE SHEET AS AT 30 SEPTEMBER 2023

The financial statements on pages 7 to 22 were approved by the Trustees, and authorised for issue on 25 January 2024 and signed on their behalf by:

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

The notes on pages 10 to 22 form an integral part of these financial statements. Page 9

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

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.

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.

Page 10

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

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.

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.

Page 11

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

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.

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.

Page 12

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 13

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

3 Income from donations and legacies

Unrestricted funds
Designated
£
General
£
Donations and legacies;
Donations
3,957
8,250
Gift aid reclaimed
270
1,371
Grants, including capital
grants;
Government grants
-
-
Grants from other
charities
-
83,445
Other income from
donations and legacies
-
766
4,227
93,832		 Restricted
funds
£
19,567
1,746
-
18,972
-
40,285		 Total
2023
£
31,774
3,387
-
102,417
766
138,344		 Total
2022
£
31,556
4,564
4,000
28,049
946
69,115

4 Income from charitable activities

Unrestricted funds
Designated
£
General
£
Use of facilities -
Residential
-
171,982
Use of facilities - Non
residential
-
14,960
Camps and events
-
1,995
Promotional and
miscellaneous
-
1,451
-
190,388		 Restricted
funds
£
-
-
1,005
-
1,005		 Total
2023
£
171,982
14,960
3,000
1,451
191,393		 Total
2022
£
131,821
10,505
1,625
1,449
145,400

5 Investment income

Unrestricted funds
Designated
£
General
£
Interest receivable and
similar income;
Interest receivable on
bank deposits
33
1,081		 Restricted
funds
£
105		 Total
2023
£
1,219		 Total
2022
£
133

Page 14

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

6 Expenditure on charitable activities

Unrestricted funds
Note
Designated
£
General
£
Centre ‐ Utilities
and rates
-
32,413
Centre -
Maintenance and
Cleaning
4,000
39,909
Centre -
Insurance
-
6,862
Events and
activities
1,454
689
Motor expenses
-
375
Office & related
costs
-
13,156
Fundraising
-
-
Food project
-
480
Property
development and
planning
-
358
Independent
examination
-
1,025
Depreciation,
amortisation and
other similar
costs
22,121
3,637
Grant funding of
activities
7
-
722
Staff costs
9
-
139,554
27,575
239,180		 Restricted
funds
£
-
-
-
7,620
-
60
-
4,879
15,268
-
-
10,467
-
38,294		 Total
2023
£
32,413
43,909
6,862
9,763
375
13,216
-
5,359
15,626
1,025
25,758
11,189
139,554
305,049		 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

Page 15

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

7 Grant-making

Analysis of grants

Grants to individuals 2023 2022 £ £ Grants 11,189 7,117

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		 2023
£
124,886
5,039
9,629
139,554		 2022
£
122,380
5,669
9,417
137,466

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:
2023 2022
No No
Staff 6 6

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

Page 16

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

10 Tangible fixed assets

Cost
At 1 October 2022
Additions
Disposals
At 30 September
2023
Depreciation
At 1 October 2022
Charge for the year
Eliminated on
disposals
At 30 September
2023
Net book value
At 30 September
2023
At 30 September
2022
11 Debtors
Trade debtors
Accrued income		 Land and
buildings
£
Furniture
and
equipment
£
Motor
vehicles
£
Computer
eq
£
Fixtures
and
fittings
£
1,170,484
57,932
2,500
1,416
7,398
-
3,300
-
2,212
-
-
-
(2,500)
-
-
1,170,484
61,232
-
3,628
7,398
263,742
55,920
625
944
7,398
21,712
2,837
-
1,209
-
-
-
(625)
-
-
285,454
58,757
-
2,153
7,398
885,030
2,475
-
1,475
-
906,742
2,012
1,875
472
-
2023
£
5,560
907
6,467		 Land and
buildings
£
Furniture
and
equipment
£
Motor
vehicles
£
Computer
eq
£
Fixtures
and
fittings
£
1,170,484
57,932
2,500
1,416
7,398
-
3,300
-
2,212
-
-
-
(2,500)
-
-
1,170,484
61,232
-
3,628
7,398
263,742
55,920
625
944
7,398
21,712
2,837
-
1,209
-
-
-
(625)
-
-
285,454
58,757
-
2,153
7,398
885,030
2,475
-
1,475
-
906,742
2,012
1,875
472
-
2023
£
5,560
907
6,467		 Total
£
1,239,730
5,512
(2,500)
1,242,742
328,629
25,758
(625)
353,762
888,980
911,101
2022
£
10,115
809
10,924

Page 17

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

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		 2023
£
7,029
780
1,025
20,364
29,198		 2022
£
5,629
796
1,000
20,594
28,019

13 Creditors: amounts falling due after one year

Other loans 2023
£
20,000		 2022
£
20,000

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 - £9,629 (2022 £9,417).

Contributions totalling £778 (2022 - £795) were payable to the scheme at the end of the year and are included in creditors.

Page 18

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

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
2022
£
Incoming
resources
£
Resources
expended
£
Transfers
£
Other
recognised
gains/
(losses)
£
Balance
at 30
September
2023
£
29,610
285,301
(239,180)
2,500
2,708
80,939
1,598
644
(452)
-
-
1,790
6,655
-
(1,002)
-
-
5,653
891,101
-
(22,121)
-
-
868,980
3,520
3,616
(4,000)
-
-
3,136
20,832
-
-
-
-
20,832
923,706
4,260
(27,575)
-
-
900,391
953,316
289,561
(266,755)
2,500
2,708
981,330
383
881
(1,044)
-
-
220
57
-
-
-
-
57
905
4,258
(4,113)
-
-
1,050
9,541
10,395
(7,680)
-
-
12,256
2,306
6,720
(4,879)
-
-
4,147
4,898
6,069
(5,310)
(2,500)
-
3,157
2,196
13,072
(15,268)
-
-
-
20,286
41,395
(38,294)
(2,500)
-
20,887
973,602
330,956
(305,049)
-
2,708
1,002,217

Page 19

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 transfer to General funds was made with the express permission of the donor to fund the leader's retreat.

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

Page 20

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 21

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

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
£
20,000
868,980
110,137
31,411
(29,198)
-
(20,000)
-
80,939
900,391
Unrestricted funds
General
£
Designated
£
19,999
891,101
57,630
32,605
(28,019)
-
(20,000)
-
29,610
923,706		 Restricted
funds
£
-
20,887
-
-
20,887
Restricted
funds
£
-
20,286
-
-
20,286		 Total funds
at 30
September
2023
£
888,980
162,435
(29,198)
(20,000)
1,002,217
Total funds
at 30
September
2022
£
911,100
110,521
(28,019)
(20,000)
973,602

Page 22