Report of the Trustees and
Financial Statements for the Year Ended 31 July 2024
for
FORUM FOR ACCESS & CONTINUING EDUCATION (FACE)
Forum for the Access & Continuing Education (FACE)
Index to the Financial Statements for the Year Ended 31 July 2024
|
Page |
Charity Information |
1 |
Report of the Trustees |
2 |
Report of the Independent Examiner |
3 |
Statement of Financial Activities |
4 |
Balance Sheet |
5 |
Notes to the FinancialStatements |
6 |
Forum for Access & Continuing Education (FACE)
Charity Information for the Year Ended 31 July 2024
TRUSTEES:
Gino Graziano
Wendy Fowle
Ross Renton
Deirdre Lynskey
Andrew Rawson
CHARITY REGISTRATION:289413
INDEPENDENT EXAMINER:
T Burton & Co Ltd
Chartered Accountants
Suite 1, Scotts Place
24 Scotts Road
Bromley
Kent
BR1 3QD
Page 1
Forum for Access & Continuing Education (FACE)
Report of the Trustees for the Year Ended 31 July 2024
The trustees present their report with the financial statements of the charity
for the year ended 31 July 2023.
CHARITABLE DEED
The charity is governed by Charitable Deed dated 1993.
TRUSTEES
The trustees during the year under review were:
Co-Chair: Gino Graziano
Wendy Fowle
Ross Renton
Deirdre Lynskey
Andrew Rawson
PRINCIPAL ACTIVITY
The object of the charity is the advancement of continuing education with specific
reference to continuing education in the university and college sector and related
contexts in the United Kingdom.
ON BEHALF OF THE TRUSTEES:
Gino Graziano
Co-Chair of FACE
and Trustee
Approved by the Trustees on
Page 2
Forum for Access & Continuing Educatio n (FACE)
Independent Examiner's Report for the Year Ended 31 July
2024
To the Trustees of Forum for Access and Continuing Education (FACE)
I report on the accounts of the Charity for the year ended 31 July 2023, which are
set out on pages four and five.
Respective responsibilities of trustees and examiner
As the charity's trustees are responsible for the preparation of the accounts: you
consider the audit requirement of section 28(3) of the Charities Act 2006 (the Act)
does not apply.
It is my responsibility to state, on the basis of procedures specified in the
General Direction given by the Charity Commissioners whether particular matters
have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by
the Charity Commission. An examination included a review of the accounting records
kept by the charity and a comparison of the accounts presented with those records.
It also included consideration of any unusual items or disclosures in the accounts,
and seeking explanation from you as trustees concerning any such matters. The
procedures undertaken did not provide all the evidence that would be required in an
audit, and consequently no opinion is given as to whether the accounts present a
"true and fair• view and the report if limited to those matters set in the
statement below.
Independent examiner's statement
In connectionwith my examination, no matter has come to my attention (other than
disclosed below):
-
(1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 150 of the Charities Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
T Burton & Co
Chartered Accountants
Suite 1, Scotts Place,
24 Scotts Road,
Kent BR1 3QD
Date:
Page 3
Forum for Access & Continuing Education (FACE)
Statement of Financial Activities for
the Year Ended 31 July 2024
£
£
£
INCOME
Notes Restricted Unrestricted Endowment
Fees
2
16,500
Subscriptions
15,177
Publications
354
Interestreceived
633
TotalIncome
32,664
RESOURCES EXPENDED
Direct Charitable
Bank charges
Expenditure
Administration
20,355
20,355
NET INCOMING RESOURCES
12,309
Resources b/f
51,878
Adjustment to reserves
Resources c/f
64,187 |
Statement of Financial Activities for
the Year Ended 31 July 2024
£
£
£
INCOME
Notes Restricted Unrestricted Endowment
Fees
2
16,500
Subscriptions
15,177
Publications
354
Interestreceived
633
TotalIncome
32,664
RESOURCES EXPENDED
Direct Charitable
Bank charges
Expenditure
Administration
20,355
20,355
NET INCOMING RESOURCES
12,309
Resources b/f
51,878
Adjustment to reserves
Resources c/f
64,187 |
Statement of Financial Activities for
the Year Ended 31 July 2024
£
£
£
INCOME
Notes Restricted Unrestricted Endowment
Fees
2
16,500
Subscriptions
15,177
Publications
354
Interestreceived
633
TotalIncome
32,664
RESOURCES EXPENDED
Direct Charitable
Bank charges
Expenditure
Administration
20,355
20,355
NET INCOMING RESOURCES
12,309
Resources b/f
51,878
Adjustment to reserves
Resources c/f
64,187 |
Statement of Financial Activities for
the Year Ended 31 July 2024
£
£
£
INCOME
Notes Restricted Unrestricted Endowment
Fees
2
16,500
Subscriptions
15,177
Publications
354
Interestreceived
633
TotalIncome
32,664
RESOURCES EXPENDED
Direct Charitable
Bank charges
Expenditure
Administration
20,355
20,355
NET INCOMING RESOURCES
12,309
Resources b/f
51,878
Adjustment to reserves
Resources c/f
64,187 |
31.7.24
31.7.23
£
£
Total
Total
16,500
7,750
15,177
4,905
354
489
633
420 |
|
the Year
£
Restricted |
the Year |
|
|
|
|
|
32,664
20,355 |
32,664
13,564
20,355
30,479
20,355
30,479
12,309
-16,915
51,878
68,793
64,187
68,793 |
|
|
|
20,355
12,309
51,878 |
|
|
|
|
|
|
|
|
|
64,187 |
|
The notes form part of these financial statements
Page 4
Forum for Access& Continuing Education (FACE)
Balance Sheet as at 31 July 2024
|
|
|
31.7.24 |
31.7.23 |
|
FIXED ASSETS: |
Notes |
£
|
£ |
£ |
£ |
TangibleAssets |
|
|
0 |
|
0 |
CURRENTASSETS: |
|
|
|
|
|
BalanceatBank Current Ac |
|
21,756 |
|
9,461 |
|
Balance at Bank Reserve Ac |
|
44,027 |
|
43,393 |
|
Sundry Debtor |
4 |
- |
|
- |
|
|
|
65,783 |
|
52,854 |
|
CREDITORS:Amounts falling |
5 |
|
|
|
|
due withinone year |
|
1,200 |
|
974 |
|
NETCURRENTASSETS: |
|
|
64,583 |
|
51,880 |
TOTAL ASSETS LESSCurrent |
|
|
64,583 |
|
51,880 |
LIABILITIES |
|
|
|
|
|
FINANCED BY: |
6/7 |
|
|
|
|
UnrestrictedResources |
|
|
|
|
|
brought forward |
|
|
51,878 |
|
68,793 |
Adjustment to reserves |
|
|
|
|
|
Incoming Unrestricted Resources -
(deficit)/Surplus |
|
|
12,309 |
|
-16,915 |
NETSURPLUS |
|
|
64,187 |
|
51,878 |
ON BEHALF OF THE TRUSTEES:
Gino Graziano
Chair of FACE and
Trustee
Approved by the Trustees on
The notes form part of these financial statements
Page 5
Forum for Access & Continuing Education (FACE)
Notestothe Financial Statements for the Year Ended31 July 2024
1. ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost
convention and in accordance with applicable Accounting and Financial
Reporting Standards and the Charities SORP FRS 102.
2. INCOME
Income represents fees and subscriptions. The surplus for the year is
attributable to the principal activity of the charity.
3. TAXATION
The Charity is exempt from Tax.
4. |
DEBTORS: AMOUNTS FALLING DUE |
31.7.24 |
31.7.23 |
|
WITHIN ONE YEAR |
£ |
£ |
|
SundryDebtors |
- |
- |
5. |
CREDITORS: AMOUNTS FALLING DUE |
31.7.24 |
31.7.23 |
|
WITHIN ONE YEAR |
£ |
£ |
|
Accrued Expenses |
1,200 |
974 |
|
|
1,200 |
974 |
|
|
--- |
--- |
6. RECONCILIATION OF MOVEMENTS IN UNRESTRICTED RESOURCES
|
|
31.7.24 |
31.7.23 |
|
|
£ |
£ |
|
Fees |
16,500 |
7,750 |
|
Subscriptions
Publications |
15,177
354 |
4,905
489 |
|
Interest received |
633 |
420 |
|
|
32,664 |
13,564 |
|
Expenditure |
20,355 |
30,479 |
|
Deficit/Surplusfor the financial year |
12,309 |
-16,915 |
|
|
12,309 |
-16,892 |
7. |
NET ADDITIONTOUNRESTRICTEDRESOURCES |
|
|
|
Opening Resources |
51,901 |
68,793 |
|
Adjustment to reserves |
0 |
0 |
|
Closing Resources |
64,210 |
51,901 |
The notes form part of these financial statements
Page 6