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2021-03-31-accounts

FENHAM ASSOCIATION OF RESIDENTS

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2021

Charity Number 700203

FENHAM ASSOCIATION OF RESIDENTS

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 March 2021

Contents Page
Trustees annual report 1 to 9
Independent examiners report 10
Statement of Financial Activities (including 11
income and expenditure account)
Balance sheet 12
Notes to the financial statements 13 to 21

FENHAM ASSOCIATION OF RESIDENTS TRUSTEES ANNUAL REPORT For the year ended 31 March 2021

The trustees are pleased to present their annual trustees’ report together with the financial statements of the charity for the year ended 31 March 2021.

The financial statements comply with the Charities Act 2011, the Memorandum and Articles of Association, and 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)

1. Objectives and Activities

Aims of the Charity

Going further for the people of Fenham

Our community is at our heart, we are not just a community centre – we are the centre of our community. FAR has been serving residents of Fenham since 1988, we operate from a purpose-built accessible community centre in the heart of Fenham in the West End of Newcastle upon Tyne.

Our aim is to help people go further, providing support, direction, hope, encouragement and praise; we are here for them every step of the way. We passionately believe in what we do, responding to situations, driving change, and providing opportunities for our community to enhance their lives.

Fenham Association of Residents is a registered charity, which began in May 1988, our aims are:

1

FENHAM ASSOCIATION OF RESIDENTS TRUSTEES ANNUAL REPORT For the year ended 31 March 2021

Objectives, strategies and activities for the year

During this period like so many others, our organisation was deeply affected by the Covid-19 pandemic. This touched every aspect of our organisations work. From day to day engagement, support to children, young people, families and older people had to be paused whilst most of the country stood still in lockdown. This affected our day to day centre operations. However our organisation adapted the centre use to provide emergency food parcels to the community and offered access to other support. This meant adapting our volunteers roles so that they could help in respond to residents who were in crisis because of the pandemic.

This was a real team effort and brought together volunteers who would normally provide different support to our charity and they combined together to ensure they residents in our community would be supported throughout the pandemic, whether it was emergency food parcels, telephone calls from befrienders, or digital support to young people. Restrictions changed throughout the period and we adapted to these changes, providing outreach and detached support to young people, utilizing our community garden project (when meeting outdoors was the only option) and in small groups when circumstances allowed it.

(Volunteers working with local business to provide emergency food aid)

2

FENHAM ASSOCIATION OF RESIDENTS TRUSTEES ANNUAL REPORT For the year ended 31 March 2021

2. Public Benefit Statement

The Board of Trustees has referred to the Charity Commission's guidance on public benefit when reviewing the charity's objectives and planning its future activities. This annual report will aim to demonstrate the link between our charitable activity and how this benefits our service users.

3. Contribution by Volunteers

During this period all charities were able to demonstrate the value of volunteering and how much volunteers provide to charities, and its often unseen work. During the pandemic, this work was brought to the surface and bright light highlighted how vital volunteers are to our charity. Our charity, community and beyond owe and enormous debt of gratitude to them all.

4. Achievements and Performance

Continue to develop the children and young people’s network, to strengthen and raise quality of provision and sustainability of provider organisations

Development of CIC organisation

The Children and young peoples’ network North East CIC is now registered with the companies house, and has submitted its third year trading accounts. Our progression plan is to utilize the CIC for commissioned work, but we will are also considering opening a charitable branch of the network. The networks performance this year was affected by the pandemic, reduction in grant aid, furloughed staff and centre lockdowns. This impacted upon this ability to reach out to the community in the ways it had previously.

Holiday projects and summer activities.

Support from David Dockray’s West End Young Peoples’ fund, Community Foundation Tyne and Wear, Children in Need and West Fenham and Wingrove Ward committee created a positively resourced and extremely well attended summer playscheme provision. We worked for six weeks of the summer providing great support for children and young people, aged between 5-12 and 13-19. Although the method of engagement and numbers had to change, we still managed to provide an excellent programme of engage for them.

3

FENHAM ASSOCIATION OF RESIDENTS TRUSTEES ANNUAL REPORT For the year ended 31 March 2021

This included residential breaks, sports, arts and crafts and health eating. This year we were also funded by Streetgames who had secured funding from Central Government around tackling holiday hunger. We provided a range of activities to encourage children and young people to be more active and try new things.

(Leia, Ellice and Libby, reflecting on impact on their lives during the pandemic)

Defra and other Emergency relief support

During this year our volunteers provided support to over 800 different residents during the pandemic. This ranged from emergency food supplies, working in partnership with local food chain organisations, like Grainger Market, Morrisons, Fareshare, M&S Food, Neighbourly. We combined resources together along with capital and food only grants to purchase climate controlled vehicles to ensure no food was spoilt. We converted several rooms in our centre into climate control rooms to store ambient food. We were very fortunate to secure grants from WRAP, National Lottery Covid-Relief food, Defra, Citylife line (Connected voice) and several other funders to enabled us to deliver this work and support our community. Needless to say this work was made possible by our volunteers working together and making the most of these opportunities to maximize the benefit for our community.

4

FENHAM ASSOCIATION OF RESIDENTS TRUSTEES ANNUAL REPORT For the year ended 31 March 2021

Evaluation and outputs

Fenham Association of Residents internally evaluates all of our projects during the year and reports back to all funders about our progress. We often externally evaluate dependent upon agreements with specific funders

Fundraising

We secured three year funding from Society of the Sacred Heart and additional covid-19 support from Henry Smith Foundation these funds will help ensure we continue to sustain our success, however much more investment is required to help us grow.

We have continued to fundraise locally because of the help of our volunteers and trustees who have given their free time to the organisation to arrange fundraisers and social nights. Our community centre continues to prove profitable and we are working hard to create a sustainable resource for the community, this is achieved because of room hire charges, and using the centre wisely to generate income, however these have been unavoidability been hit this year with lockdown, room closures, and cancelled parties and events. The road back to recovery from this will be long as many agencies have closed and groups folded during the pandemic. We will be patient and we hope that a small capital improvement to our centre will lead to some revenue changes for the centre and the ability to increase our capacity, which we hope, will help our recovery and get us back to long term sustainability.

We would like to make a special mention to Noah MacDonald a young boy who is the grandson of one of our founding members (Theresa MacDonald) during the pandemic, Noah was so touched by the difficulties of families in our community who were struggling to cope on low income and worried about those children who’d normally receive free school meals, and how they would cope during the holidays that he sought to raise funding and awareness by doing an sponsored walk. This resulted in in lots of backers and raised £965 for our charity. It was a special effort by a very caring young man, we are extremely proud of him. Well done Noah and thank you.

(Noah MacDonald, who fundraised for FAR during the pandemic)

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FENHAM ASSOCIATION OF RESIDENTS TRUSTEES ANNUAL REPORT For the year ended 31 March 2021

5. Financial review

Review of the year

The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements.

During the year the Charity had income of £438,654 (2020: £121,201) of which £305,917 was restricted (2020: £104,800) and expenditure of £238,197 (2020: £175,630) of which £105,409 was restricted (2020: £134,907). There was an operating surplus of £200,457 (2020: deficit £54,429) of which £200,508 was restricted (2020: deficit £30,107).

At 31 March 2021 the Charity had net assets of £639,487 (2020: £439,030) of which £283,612 was restricted (2020: £83,104).

Reserves policy/Going concern

The Trustees consider the level of reserves, £102,031 (2020: £283,612), prudent for the Charity at this time taking into account potential liabilities in the event that the charity ceased. Our Reserves Policy is reviewed annually.

6. Risk Management

The management committee has conducted its own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and for ensuring the consistent quality of the delivery of all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.

7. Plans for future periods

Fenham Association of Residents is constantly reviewing our funding strategy and is considering short term, medium and long-term goals for the organization. We additionally are reviewing our hall hire and other income generating policies.

Our organizational aims continue to be the same and our community development work is our priority and will be determined by our management committee, centre users and volunteers. All of our work is subject to available funding and capacity within the organisation.

6

FENHAM ASSOCIATION OF RESIDENTS TRUSTEES ANNUAL REPORT For the year ended 31 March 2021

8. Reference and administrative details of the charity, its trustees and advisors

Registered charity name Fenham Association of Residents Charity number 700203 Registered office FAR Community Centre 40-46 Acanthus Avenue Fenham Newcastle upon Tyne NE4 9YD

Trustees and Members of the Board Susan Whitehead (Chair) Maureen Taylor (Vice-Chair) Sister Doreen Bell (Treasurer) Barbara Bailes (Secretary) Edith Hutchinson Eileen Hutchinson

Anne Athey (Advisor) Theresa MacDonald (SVP)

Chief Executive and Senior staff members Mark Gowland (Project Manager)

Independent Examiner Doug Maltman FMAAT Connected Voice Business Services Ltd Higham House Higham Place Newcastle upon Tyne. NE1 8AF.

Bankers Lloyds Bank

9. Structure, governance and management

Governing Document

The organisation is a Charitable Company Limited by Guarantee. The Company was established under a Memorandum of Association, which established the objects and powers of the Charitable Company and is governed under its Articles of Association. In the event of a winding up any member (who is a director) undertakes to contribute to the payment of liabilities, such amount as may be required not exceeding the total of £1.

7

FENHAM ASSOCIATION OF RESIDENTS TRUSTEES ANNUAL REPORT For the year ended 31 March 2021

Recruitment and Appointment of the Board

The Directors of the Company are also Trustees for the purposes of charity law and under the company's Articles are also its members. Under the requirements of the Memorandum and Articles of Association, at the Annual General Meeting one-third of the Directors, who are subject to retirement by rotation, shall retire. Retiring Directors can be re-appointed at the Annual General Meeting.

Trustees are selected on the basis of specialist skills and commitment to the objectives and aims of the organisation.

Board Induction and Training

New Board Members are introduced to the work of the organisation and informed of their legal roles and responsibilities at an induction meeting. The induction and training programme for new Board Members includes:

8

FENHAM ASSOCIATION OF RESIDENTS TRUSTEES ANNUAL REPORT For the year ended 31 March 2021

10. Statement of Trustee Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity SORP requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of incoming resources and application of resources, including the receipts and payments of the charity for that year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on ______ and signed on their behalf by: 08.11.2021

Susan Whitehead Chair

9

FENHAM ASSOCIATION OF RESIDENTS

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 31 March 2021

I report on the financial statements of Fenham Association of Residents for the year ended 31 March 2021, which are set out on pages 11 to 21.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do 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 is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

I 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.

Doug Maltman FMAAT Connected Voice Business Services Ltd Higham House Higham Place Newcastle upon Tyne NE1 8AF Date: 08.11.2021

10

FENHAM ASSOCIATION OF RESIDENTS

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 March 2021

6
7
Other trading activities
8
9
Expenditure on:
10
Total funds carried forward
Reconciliation of funds
Total funds brought forward
Notes
Total income
Donations and legacies
Income from:
Investments
Charitable activities
Grants and contracts
Operation of the charity
Total expenditure
Net income/(expenditure)
Charitable activities		 Unrestricted
Funds
£
8,512
117,232
6,980
13
132,737
132,788
132,788
( 51 )
355,926
355,875		 Restricted
Funds
£
-
305,917
-
-
305,917
105,409
105,409
200,508
83,104
283,612		 Total
2021
£
8,512
423,149
6,980
13
438,654
238,197
238,197
200,457
439,030
639,487		 Total
2020
£
1,892
104,800
14,485
24
121,201
175,630
175,630
( 54,429 )
493,459
439,030

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

The notes on pages 13 to 21 form an integral part of these accounts.

11

Charity Number 700203

FENHAM ASSOCIATION OF RESIDENTS

BALANCE SHEET

As at 31 March 2021

Fixed assets
Tangible assets
17
Total fixed assets
Current assets
Debtors
18
Cash at bank and in hand
19
Total current assets
Creditors:amounts falling due within
one year
20
Net current assets
Total net assets or liabilities
Funds of the charity
Unrestricted income funds
Restricted income funds
Total funds
Notes		 £
14,226
373,041
387,267
( 1,624 )		 Total
2021
£
253,844
253,844
385,643
639,487
355,875
283,612
639,487		 £
5,198
168,221
173,419
( 1,711 )		 Total
2020
£
267,324
267,324
171,708
439,032
355,926
83,104
439,030

The notes on pages 13 to 21 form an integral part of these accounts.

These financial statements were approved by the Board on:

01.11.2021

and are signed on its behalf by: Sister D Bell Treasurer

12

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2021

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2 Basis of accounting

2.1 Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts 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) and the Charities Act 2011.

Fenham Association of Residents meets the definition of a public benefit entity under FRS 102.

2.2 Preparation of the accounts on a going concern basis

The charity reported total unrestricted funds at the year end of £355,875 . The trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern.

Due to the COVID-19 pandemic, it has put pressure on all businesses in 2020-21. It should be noted that the creditors are being paid when the payments are falling due. No other significant events affecting the Company since the year end.

3 Income

3.1 Recognition of income

Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability

3.2 Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.

3.3 Grants and donations

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.

13

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2021

3.4 Volunteer help

The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.

3.5 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the

4 Expenditure and liabilities

4.1 Liability recognition

Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

4.2 Charitable activities

Expenditure on charitable activities includes the costs of work and other activities undertaken to further the purposes of the charity and their associated support costs.

4.3 Governance and support costs

Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

4.4 Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

4.5 Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

4.6 Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

5 Assets

5.1 Tangible fixed assets for use by the charity

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis, the charity does not currently have any tangible fixed

Freehold land and buildings

4% straight line

14

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2021

Analysis of income

6
7
8		 Donations and legacies
Charitable activities
Income from grants
Police and Crime Commissioner for Northumbria
Children in Need
Your Homes Newcastle
Rye Hill Trust
Other trading activities
Fundraising events
Saturday craft
Activity income
Other
Connected Voice - City Life Line
Henry Smith Foundation
DEFRA
Newcastle City Council
Community Foundation
The Society of the Sacred Heart
Children and young peoples' network NE
Groundwork UK
LGA Foundation
Living Charity
Rank Foundation
Donations and gifts
Room hire
The Waste and Resolution
Sir James Knott Trust
The Ballinger Charitable Trust
W H Smith
Newcastle Round Table
Catherine Cookson
Community Foundation - Neighbourly Ltd
Job Retention Scheme Grant
Lottery Fund - Main Grant
Lottery Fund - Covid-19
Food Nation
Streetgames
Joseph Strong Frazer Trust
TSB		 Unrestricted
Funds
£
3,995
4,517
8,512
-
-
-
-
5,000
-
-
-
-
-
500
-
-
-
-
-
500
-
-
-
-
-
-
400
67,182
10,000
33,550
100
-
117,232
6,840
70
70
-
6,980		 Restricted
Funds
£
-
-
-
35,488
30,345
60,500
4,975
-
22,941
80,000
31,130
500
13,548
-
2,000
3,000
10,000
250
4,000
-
-
7,240
-
-
-
-
-
-
-
-
-
-
305,917
-
-
-
-
-		 Total
2021
£
3,995
4,517
8,512
35,488
30,345
60,500
4,975
5,000
22,941
80,000
31,130
500
13,548
500
2,000
3,000
10,000
250

4,000
500
-
7,240
-
-
-
-
400
67,182
10,000
33,550
100
-
423,149
6,840
70
70
-
6,980		 Total
2020
£
407
1,485
1,892
18,882
56,000
-
-
3,294
-
-
-
-
9,724
-
-
-
-
-
-
-
2,500
9,600
2,000
200
200
200
-
-
-
-
-
2,200
104,800
12,755
176
400
1,154
14,485

15

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2021

9
Income from investments
Bank interest		 13
13		 -
-		 13
13		 24
24

Income was £438,654 (2020: £121,201) of which £132,737 was unrestricted or designated (2020: £16,401) and £305,917 was restricted (2020: £104,800)

Analysis of expenditure on charitable activities

10 Charitable activities
Direct costs
Support costs
Governance costs
Independent examiner's fees for reporting on
the accounts
Telephone and broadband
Office costs
Utilities
Water
Insurance
Payroll fees
Salary costs
Staff NI
Staff pension
Repairs and renewals
Travel
Tutors and freelance
Activities
Development budget
Minibus
Youth trips and resources
Older people project
Saturday saving club
Garden
Other expenses
Depreciation		 Unrestricted
Funds
£
18,800
2,375
3,543
475
165
431
60,094
907
16,005
-
2,060
86
62
7,792
47
375
3,541
1,484
13,480
21
37
1,008
132,788		 Restricted
Funds
£
83,090
-
-
800
1,874
-
5,257
-
6,758
-
-
-
794
-
4,062
-
227
-
-
2,547
-
-
105,409		 Total
2021
£
101,890
2,375
3,543
1,275
2,039
431
65,351
907
22,763
-
2,060
86
856
7,792
4,109
375
3,768
1,484
13,480
2,568
37
1,008
238,197		 Total
2020
£
106,252
3,240
3,850
1,817
10,490
930
6,877
45
4,436
773
1,781
22
1,454
4,037
3,785
1,521
6,094
1,142
13,480
2,583
13
1,008
175,630

Expenditure on charitable activities was £238,197 (2020: £175,630) of which £132,788 was unrestricted or designated (2020: £40,723) and £105,409 was restricted (2020: £134,907)

16

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2021

11 Fees for examination of the accounts

Independent examiner's fees for reporting on the accounts
Other accountancy services provided by the examiner		 2021
£
1,008
1,484
2,492		 2020
£
1,008
1,142
2,150

12 Analysis of staff costs and the cost of key management personnel

Salaries and wages
Social security costs
Pension costs (defined contribution pension plan)		 2021
£
101,890
2,375
3,543
107,808		 2020
£
106,252
3,240
3,850
113,342

No employee received remuneration above £60,000 (2020: nil)

The key management personnel of the charity, comprise the trustees and the Project Director. The total employee benefits of the key management personnel of the charity were £38,998 (2020: £46,958).

13 Staff numbers

The average monthly head count was 9 staff (2020: 9 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

Charitable activities
Governance
The parts of the charity in which the employee's work		 2021
Number
3.5
1.0
4.5		 2020
Number
4.0
1.0
5.0

14 Transactions with trustees

The trustees have been paid remunerations and received other benefits from an employment with their charity or a related entity.

In the period the charity has paid trustees remuneration and benefits.

Name
A Athey		 Remuneration
£
7,170		 Pension
£
-		 Other
£
-		 Total
2021
£
7,170		 Total
2020
£
6,831

For services to Fenham Association of Residents but, not as a trustee.

17

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2021

Trustees' expenses

No trustee expenses have been incurred in the year.

Transaction(s) with related parties

There have been no related party transactions in the reporting period.

15 Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The employer's pension costs represent contributions payable by the charity to the fund and amount to £3,543 (2020: £3,850). There was £275 outstanding as at 31 March 2021 (2020: £350)

16 Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

17 Tangible fixed assets
Cost
Balance brought forward
Additions
Disposals
Balance carried forward
Depreciation
Basis
Rate
Balance brought forward
Depreciation charge for year
Disposals
Balance carried forward
Net book value
Brought forward
Carried forward
18 Debtors and prepayments (receivable within 1 year)
Other debtors		 2021
£
14,226
14,226		 Freehold
land and
building
£
334,228
-
-
334,228
SL
4%
66,904
13,480
-
80,384
267,324
253,844
2020
£
5,198
5,198		 Total
£
334,228
-
-
334,228
66,904
13,480
-
80,384
267,324
253,844

18

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2021

19 Cash at bank and in hand

Short term deposits
Cash at bank
Cash in hand
20
Other accruals
Accruals
Independent examination of accounts
Creditors and accruals (payable within 1 year)
Pension		 2021
£
48,861
323,342
838
373,041
2021
£
275
1,008
341
1,624		 2020
£
48,848
119,146
227
168,221
2020
£
350
1,008
353
1,711

21 Events after the end of the reporting period

Due to the COVID-19 pandemic, it has put pressure on all businesses in 2020-21. It should be noted that the creditors are being paid when the payments are falling due. No other significant events affecting the Company since the year end.

22 Analysis of charitable funds

Analysis of movements in unrestricted funds

Unrestricted funds
General unrestricted fund
Designated funds
Property Fund
Contingency Fund
Totals		 Fund
balances
brought
forward
£
27,122
267,324
61,480
355,926		 Incoming
resources
£
132,737
-
-
132,737		 Resources
expended
£
( 119,308 )
( 13,480 )
-
(132,788)		 Transfers
£
-
-
-
-		 Fund
balances
carried
forward
£
40,551
253,844
61,480
355,875

Purpose of unrestricted funds

General unrestricted fund Property Fund

Contingency Fund

The 'free reserves' of the charity

The depreciation value of the property Fenham Association of Residents Community Centre.

To the value of 16 months unrestricted running costs.

19

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2021

Analysis of movement in restricted funds

Restricted funds
Connected Voice - City Life Line
Henry Smith Foundation
Newcastle City Council
DEFRA
The Society of the Sacred Heart
Virgin Money Foundation
Community Foundation
Food nation
Streetgames
Joseph Strong Frazer Trust
Rye Hill Trust
TSB
Children in Need
W H Smith
Catherine Cookson
Groundwork UK
Living Charity
Northumbria Police and crime
Commissioners
Rank Foundation
Waste and Resolution
Your Homes Newcastle
Sir James Knott Trust
Totals		 Fund
balances
brought
forward
£
-
5,049
16,134
-
-
4,635
48,555
2,500
-
1,000
200
200
2,431
200
2,200
-
-
-
-
-
-
-
83,104		 Incoming
resources
£
22,941
80,000
35,488
31,130
60,500
-
30,345
-
7,240
-
-
-
13,548
-
-
500
2,000
4,975
3,000
10,000
250
4,000
305,917		 Resources
expended
£
-
( 66,907 )
( 2,547 )
-
( 11,000 )
-
( 5,900 )
-
-
-
-
-
( 13,548 )
-
-
( 500 )
( 757 )
-
-
-
( 250 )
( 4,000 )
(105,409)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Fund
balances
carried
forward
£
22,941
18,142
49,075
31,130
49,500
4,635
73,000
2,500
7,240
1,000
200
200
2,431
200
2,200
-
1,243
4,975
3,000
10,000
-
-
283,612

Purpose of restricted funds

Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.

Connected Voice - City Life Line Henry Smith Foundation Newcastle City Council DEFRA The Society of the Sacred Heart Virgin Money Foundation Community Foundation Food Nation Streetgames Joseph Strong Frazer Trust Rye Hill Trust

TSB Children in Need W H Smith

Covid-19 relief. Project Manager salary costs. Undertake community development work and support the overhead costs. Salary costs.

Covid-19 relief. #Iwill social action project. Community Development project.

Environmental/food Partnership project with WEA. Staffing costs and support costs. Supporting children and young people with disabilities. To support children and young people from the West end of Newcastle upon Tyne.

To support older people in Fenham. To provide activities to support children and young people. To support children's literacy.

20

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2021

Purpose of restricted funds (continued)

Catherine Cookson To support capital building improvements. Groundwork UK Covid-19 relief. Living Charity Northumbria Police and Crime Support for young people. Commissioners Rank Foundation Covid-19 support. Waste and Resolution Emergency adaption resources, infrastructure support. Your Homes Newcastle Covid-19 support. Sir James Knott Trust Youth work.

23 Capital commitments

As at 31 March 2021, the charity had no capital commitments (2020 -£nil)

24 Analysis of net assets between funds

Other net current assets/(liabilities)
Cash at bank and in hand
Tangible fixed assets		 Unrestricted
Funds
£
253,844
89,429
12,602
355,875		 Restricted
Funds
£
-
283,612
-
283,612		 Total
2021
£
253,844
373,041
12,602
639,487		 Total
2020
£
267,324
168,221
3,485
439,030

21