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2024-09-30-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

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 Barbara Stanley (appointed 13 December 2023)

Secretary Lee Nancarrow 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 FCMA 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 2024.

Objectives and activities

Objects and aims

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

In summary, the Charity objects (fully defined in the Memorandum and Articles) are:

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 100+ meals a week for families in need.

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

We have formed a partnership with West Sussex Fostering and Kinship Carers and have run a series of events together.

Plans to extend our buildings are now in process.

Children Worldwide

CW has just celebrated it’s 40th anniversary with a very successful conference. We had many visitors from the past. A great celebration.

Page 2

FAMILY FOUNDATIONS TRUST LIMITED

TRUSTEES' REPORT

We have seen an increase in church weekends away we are booked for again, and have accepted one for which we need a team of 5 members and ten volunteers. Most of the team is now in place. Other organisations offered, but were unable to supply such a large team, which now marks us out as unusual in the ministry area.

ReFuel is going well ... where we gather children's workers in an area and bless them with a meal. We have done run three on line, and run multiple events in four different locations around the country. One new member has joined us after coming in contact with us through Re:Fuel.

Through the Hand in Hand conference this year, where we have been exhibiting and speaking for many years, we are particularly active this year. One member is on the planning panel, two are speaking regularly through the conference, five are leading mentoring sessions, and two have a book launch at the event as well as exhibiting. We have a high profile this year. In addition to this, CW is (endorsed by the conference) offering to all delegates the opportunity to join a Re:Fuel online to continue the sense of connection which the conference supplies.

Members, we have one new member and no losses.

Spring Harvest have invited us back once more, and the planning is going well.

Subscriptions, have recently been reviewed, and the married members amount has been raised a little, though the singles rate has remained the same. The new amount came into effect in January.

We had a legacy donated this year, which has been spent with FFT. CW’s part of this has gone to supporting the work in Kenya, supporting one of our members in starting her missionary call overseas, in funding schools work mentoring by one of our members in Kent, and supplying equipment for resources development from another member. We have also through our educational fund, supported a member to go through pioneer business training to begin new projects, looking at another schools outreach project in the midlands.

The team in Kenya continues to work well, raising their own funds, and doing good work, gaining a good reputation across the country. Godfrey is back in more pro-active leadership now, having taken some family time out after the death of his father, then some ill health.

Financial review

Income for the year amounted to £307,044 (2023: £333,664) and expenditure £341,378 (2023: £305,049). Unrestricted funds carried forward were £949,012 and restricted funds £18,871.

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.

Page 3

FAMILY FOUNDATIONS TRUST LIMITED

TRUSTEES' REPORT

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) and Barbara Stanley (GDPR). 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 Jessica Taylor (Centre Manager and Events Coordinator), Nicola Harwood (Finance Manager and Administrator), Matthew Pye (Maintenance Officer), 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.

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

Page 4

FAMILY FOUNDATIONS TRUST LIMITED

TRUSTEES' REPORT

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.

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 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 17 February 2025 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 Family Foundations Trust Limited for the year ended 30 September 2024.

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 FCMA Independent Examiners Ltd

17 February 2025

Page 7

FAMILY FOUNDATIONS TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024

Note
Unrestricted
funds
£
Income and Endowments from:
Donations and legacies
3
53,473
Charitable activities
4
223,977
Investment income
5
1,828
Other income
6
-
Total income
279,278
Expenditure on:
Charitable activities
7
311,596
Total expenditure
311,596
Net
(expenditure)/income
(32,318)
Net movement in funds
(32,318)
Reconciliation of funds
Total funds brought
forward
981,330
Total funds carried
forward
16
949,012		 Restricted
funds
£
26,173
1,480
113
-
27,766
29,782
29,782
(2,016)
(2,016)
20,887
18,871		 Total
2024
£
79,646
225,457
1,941
-
307,044
341,378
341,378
(34,334)
(34,334)
1,002,217
967,883		 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

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 2024

Note
Fixed assets
Tangible assets
11
Current assets
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		 2024
£
865,706
865,706
8,270
141,966
150,236
(28,059)
122,177
987,883
(20,000)
967,883
18,871
949,012
967,883		 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

For the financial year ending 30 September 2024 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 2024

The financial statements on pages 8 to 23 were approved by the Trustees, and authorised for issue on 17 February 2025 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 2024

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). 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 2024

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.

Legacy gifts are recognised on a case by case basis following the grant of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the Charity.

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.

Page 12

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

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.

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

Page 13

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

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 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 2024

3 Income from donations and legacies

Unrestricted funds
Designated
£
General
£
Donations and legacies;
Donations
3,086
11,429
Legacies
-
27,326
Gift aid reclaimed
240
1,848
Grants, including capital
grants;
Grants from other
charities
-
8,781
Other income from
donations and legacies
-
763
3,326
50,147		 Restricted
funds
£
14,161
-
1,725
10,287
-
26,173		 Total
2024
£
28,676
27,326
3,813
19,068
763
79,646		 Total
2023
£
31,774
-
3,387
102,417
766
138,344

4 Income from charitable activities

Unrestricted funds
Designated
£
General
£
Use of facilities -
Residential
-
205,565
Use of facilities - Non
residential
-
14,415
Camps and events
-
2,148
Promotional and
miscellaneous
-
1,849
-
223,977		 Restricted
funds
£
-
-
1,292
188
1,480		 Total
2024
£
205,565
14,415
3,440
2,037
225,457		 Total
2023
£
171,982
14,960
3,000
1,451
191,393

5 Investment income

Unrestricted funds
Designated
£
General
£
Interest receivable and
similar income;
Interest receivable on
bank deposits
87
1,741		 Restricted
funds
£
113		 Total
2024
£
1,941		 Total
2023
£
1,219

Page 15

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

6 Other income

Gains on sale of tangible fixed assets for Charity's own use Total
2024
£
-		 Total
2023
£
2,708

7 Expenditure on charitable activities

Unrestricted funds
Note
Designated
£
General
£
Centre ‐ Utilities
and rates
-
31,237
Centre -
Maintenance and
Cleaning
4,098
65,815
Centre -
Insurance
-
7,097
Events and
activities
1,168
6,601
Motor expenses
-
-
Office & related
costs
-
14,212
Food project
-
109
Property
development and
planning
-
-
Independent
examination
-
1,050
Depreciation,
amortisation and
other similar
costs
23,274
-
Grant funding of
activities
8
-
-
Staff costs
10
-
156,935
28,540
283,056		 Restricted
funds
£
-
5,000
-
8,239
-
60
9,208
-
-
-
7,275
-
29,782		 Total
2024
£
31,237
74,913
7,097
16,008
-
14,272
9,317
-
1,050
23,274
7,275
156,935
341,378		 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

Page 16

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

8 Grant-making

Analysis of grants

Grants to individuals 2024 2023 £ £ Grants 7,275 11,189

9 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.

10 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2024
£
144,075
4,966
7,894
156,935		 2023
£
124,886
5,039
9,629
139,554

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:
2024 2023
No No
Staff 7 6

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 2024

11 Tangible fixed assets

Land and
buildings
£
Cost
At 1 October 2023
1,170,484
At 30 September
2024
1,170,484
Depreciation
At 1 October 2023
285,454
Charge for the year
21,712
At 30 September
2024
307,166
Net book value
At 30 September
2024
863,318
At 30 September
2023
885,030
12 Debtors
Trade debtors
Accrued income
13 Creditors: amounts falling due
Other taxation and social security
Other creditors
Accruals
Deferred income		 Furniture
and
equipment
£
Computer
equipment
£
Fixtures
and
fittings
£
61,232
3,628
7,398
61,232
3,628
7,398
58,757
2,153
7,398
825
737
-
59,582
2,890
7,398
1,650
738
-
2,475
1,475
-
2024
£
7,505
765
8,270
within one year
2024
£
10,202
337
1,075
16,445
28,059		 Fixtures
and
fittings
£
7,398		 Total
£
1,242,742
1,242,742
353,762
23,274
377,036
865,706
888,980
2023
£
5,560
907
7,398
7,398
-
7,398
-
-
6,467
2023
£
7,029
780
1,025
20,364
29,198

Page 18

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

14 Creditors: amounts falling due after one year

Other loans 2024
£
20,000		 2023
£
20,000

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 - £7,894 (2023 £9,629).

Contributions totalling £336 (2023 - £778) 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 2024

16 Funds

Current year
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
Total funds		 Balance
at 1
October
2023
£
80,939
1,790
5,653
868,980
3,136
20,832
900,391
981,330
220
57
1,050
12,256
4,147
3,157
20,887
1,002,217		 Incoming
resources
£
275,865
1,966
-
-
1,447
-
3,413
279,278
276
-
4,275
10,394
11,066
1,566
27,577
306,855		 Resources
expended
£
(283,056)
(1,075)
(93)
(23,274)
(4,098)
-
(28,540)
(311,596)
(479)
-
(4,200)
(13,292)
(9,208)
(2,414)
(29,593)
(341,189)		 Balance at
30
September
2024
£
73,748
2,681
5,560
845,706
485
20,832
875,264
949,012
17
57
1,125
9,358
6,005
2,309
18,871
967,883

Page 20

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

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 21

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Prior year
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 22

FAMILY FOUNDATIONS TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

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
845,706
101,807
29,558
(28,059)
-
(20,000)
-
73,748
875,264
Unrestricted funds
General
£
Designated
£
20,000
868,980
110,137
31,411
(29,198)
-
(20,000)
-
80,939
900,391		 Restricted
funds
£
-
18,871
-
-
18,871
Restricted
funds
£
-
20,887
-
-
20,887		 Total funds
at 30
September
2024
£
865,706
150,236
(28,059)
(20,000)
967,883
Total funds
at 30
September
2023
£
888,980
162,435
(29,198)
(20,000)
1,002,217

Page 23