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2022-03-31-accounts

FENHAM ASSOCIATION OF RESIDENTS

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2022

Charity Number 700203

FENHAM ASSOCIATION OF RESIDENTS

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 March 2022

Contents Page
Trustees annual report 1 to 11
Independent examiners report 12
Statement of Financial Activities (including 13
income and expenditure account)
Balance sheet 14
Notes to the financial statements 15 to 25

FENHAM ASSOCIATION OF RESIDENTS TRUSTEES ANNUAL REPORT For the year ended 31 March 2022

The trustees are pleased to present their annual trustees’ report together with the financial statements of the charity for the year ended 31 March 2022.

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 October 2019)

1. Objectives and Activities

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

2. Aims of the Charity

Objectives, strategies and activities for the year

During this year, we began to emerge from the pandemic with more sessions, activities and projects being re-established for our community. We found a number of issues with this, many older people found the transition very challenging and uncertain, with many older people needing a lot of support to return to centre based activities. Children and young people groups are now fully returned and the opposite impact has been recorded with significantly higher than pre-pandemic attendances in our holiday clubs, after school groups and projects. We also noted that this year recorded a major increase in the number of children receiving free school meals, we’ve been very grateful to our funders for helping us to meet these challenges.

We have finally been able to make progress towards our capital project and hope that this positive addition to our centre will be completed in the Winter 2022.

One impact of the pandemic has been the reduction to our revenue, many hirers of the centre, projects, bookings and training courses which were face to face based have not resumed. It will take our organisation time to recover from the pandemic, but we hope with the new capacity to our main hall we can find new partners to help our centre move back to becoming more sustainable.

2

3. Public Benefit Statement

The trustees/directors have paid due regard to the Charity Commission guidance on public benefit and are confident that the organisation’s aims, objectives and activities are in accordance with the guidance on public benefit.

Our activities and achievements as outlined demonstrate our commitment to ensuring that the organisation’s resources and activities maximise the potential benefit to our local community..

4. Policy on Grant Making

We are not a grant giving organisation

5. Policy on Social Investment

Not applicable

6. Contribution by Volunteers

Since FAR’s inception in the early 1980’s it has been lead and driven forward by local residents. Our management committee is made up of local women from our community who are committed to developing and improving our community, this commitment not only helps our organisation be reflective of local concerns it also enables our vision to match closely to the needs of the residents we are here to serve. Our volunteers perform a wide range of services within our community, from helping at community garden and allotment, being a trustee, working with children and young people, supporting older people, or supporting with food surplus donations the volunteers help compliment the work we do and bring new ideas, enthusiasm and support. We are so grateful for their engagement and support to our organisation.

3

7. Achievements and Performance

CIC Children and young peoples’ Network (NE)

In 2022, the directors of the network took the difficult decision to close the network, the network had been a vibrant addition to our portfolio of work specializing in support to organisations, children and young people. However, the networks ability to be sustainable was massively impacted by the pandemic as foundations and trusts that had previously supported the work focused on post pandemic causes it was not possible to continue the network. We are really grateful to the directors, funders, volunteers and people who engaged with the network during its six years of operation. (The network was officially dissolved on 28[th] June 2022).

Food Surplus

In a post pandemic era, we are now facing another challenge with the cost of living crisis, the need for help for such a wide range of people has meant that FAR Community Centre has continued to provide food surplus support to residents. This has been a combination for working with Newcastle city council’s public health team, fareshare, neighbourly, local shops and supermarkets, even residents have donated towards our food surplus project. We aim to continue to develop this project and continue to work with local partners to help low income families cope with this crisis.

4

SEN and Disability

We continue to be an inclusive project and we have been delighted to continue to work closely with Pass it on Parents from Skills for People, this invaluable service provides help, advice and support to parents/carers from professionals who have a lived experience. Our centre continues to support a range of children, young people and adults with numerous learning disabilities, physical disabilities and behavioral difficulties. We continue to access training for our staff and volunteers to ensure they have the information they need to provide appropriate support and guidance. Our centre continues to be an inclusive space, which has a number of technologies and equipment focused on inclusion and therapy, which range from a sensory space, accessible lift, accessible doors, and changing space toilet, changing table and mobile hoist.

Children, young people and holiday activities.

In post pandemic era, one of the most encouraging aspects has been returning to supporting groups of children and young people, although our work with children and young people continued throughout the pandemic, we were not able to provide the kind of support we wanted to, or engage with the numbers of children and young people who needed our help. Funders have been critically important to this work, enabling us to provide a range of educational, skills, learning and leisure support for children and young people and additional funds around holiday hunger have been essential to provide children and young people who would normally receive free school meals with a access to a free dinner, snack and fruit. Although this has put additional pressure upon our organisation our play and youth work team and volunteers have been incredible and supporting new and existing children and young people into our centre.

5

Adults and older people

This year we were able to begin to support older people with day trips, outings and visits, this was a great way for older people to once again engage with our centre and for some older people the day trips were the first opportunity for them to go anywhere since before the pandemic started.

Nearly all groups aimed at adults, older people and informal education have resumed although our trustees made the decision to modify our lunch club to a bingo social, the idea was this might appeal more to people who did not want to spend a long time in an enclosed space and had less appetite for meals/dinners.

We hope that moving into 2022/23 we can continue to provide support for older people and continue with day trips, social and learning activities to help combat isolation and loneliness.

GO FAR Nursery and Pre-School

The nursery undertook an ownership change during 2022, although they are a business independent of our charity we work very closely with them since they commenced operating in 2016. We look forward to supporting the new ownership and hope they will go from strength to strength. The nursery continues to be an Ofsted rated ‘Outstanding’ provision.

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

6

8. Fundraising

The Society of the Sacred Heart, Community Foundation Tyne and Wear and Newcastle city council continue to be essential funders to our project, without their help we could not deliver the wide ranging support we offer to our community. As our earned income has not recovered from the pandemic the support we have had has been invaluable to us. It has meant not making reductions to our team or to our community expectations. The demands for our services have been at a record high, so without the grant aid we have received it would not have been possible for us to meet these challenges. We are extremely grateful for the support, encouragement and positive feedback to our organisation.

Many of the achievements we have mentioned in this year report have only been made possible because of the exceptional support our charity has received.

In 2022/23 we will finally conclude our capital development project which has been supported by a range of funders, this will enable us to increase our nursery’s capacity to include younger children and more children with SEN needs. It will also give us a new space in the centres main hall to showcase new projects, pop up enterprises and ideas. We are really excited about the new capacity and what is might mean for our centre and the community we support.

We continue to be a not for profit charity, so any fundraising, donations or support is put back into providing activities and services for our community.

9. Investments

Not applicable

7

10. 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 £195,505 (2021: £438,654) of which £164,693 was restricted (2021: £305,917) and expenditure of £198,058 (2021: £238,197) of which £165,306 was restricted (2021: £105,409). There was an operating deficit of £2,554 (2021: surplus of £200,457) of which a deficit of £614 was restricted (2021: surplus of £200,508).

At 31 March 2022 the Charity had net assets of £636,934 (2021: £639,487) of which £282,999 was restricted (2021: £283,612).

Reserves policy/No reserves reason/Going concern

The Trustees consider the level of reserves, £113,571 (2021: £102,031), 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.

11. 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.

12. 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 organisational 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.

We hope that with the completion of our capital building development work we have more revenue streams open to the organisation. We additionally hope that can secure more funding to support our employees and to continue to grow our organisation so our support for the community can continue to be met.

We hope from an energy saving perspective to secure funding to help us incorporate some energy saving technology into our community building, to reduce our carbon footprint and reduce reliance on fossil fuels. As the CAZ (Clean Air Zone) restrictions come into force in 2023 we will have to consider our existing vehicles (Community mini bus and Food Surplus Van) as they will both incur charges under the new scheme.

8

13. 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 T rustees and Members of the Board Susan Whitehead (Chair) Sister Doreen Bell (Treasurer) Barbara Bailes (Secretary) (Resigned Jan 2022) Margaret Whitehead (Secretary) (Appointed March 2022) Maureen Taylor (Vice Chair/Treasurer) Edith Hutchinson Eileen Hutchinson Chief Executive and Senior staff members Mark Gowland (Project Manager) Anne Athey (Older Peoples advisor) Independent Examiner Doug Maltman FMAAT Connected Voice Business Services Ltd Higham House Higham Place Newcastle upon Tyne. NE1 8AF. Bankers Lloyds Bank

14. Fund held as custodian trustees on behalf of others Not applicable

15. Exemptions from disclosures

Not applicable

9

16. 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.

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:

17. Related parties

'The association recognises and values the commitment our employees provide to the organisation and it offers from time to time interest free loans subject to trustee and management approval. These are only available to employees with permanent contracts with the organisation and most be repaid over a mutually agreeable timeframe.

10

18. 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 28.11.2022 and signed on their behalf by:

Susan Whitehead (Chair)

11

FENHAM ASSOCIATION OF RESIDENTS

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 31 March 2022

I report on the financial statements of Fenham Association of Residents for the year ended 31 March 2022, which are set out on pages 13 to 25.

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: 30.11.2022

12

FENHAM ASSOCIATION OF RESIDENTS

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING SUMMARY INCOME & EXPENDITURE ACCOUNT) For the year ended 31 March 2022

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2022 2021
£ £ £ £
Income from:
Donations and legacies 6 623 - 623 8,512
Charitable activities
Grants and contracts 7 16,174 164,693 180,867 423,149
Other trading activities 8 14,010 - 14,010 6,980
Investments 9 5 - 5 13
Total income 30,812 164,693 195,505 438,654
Expenditure on:
Charitable activities
Operation of the charity 10 32,752 165,306 198,058 238,197
Total expenditure 32,752 165,306 198,058 238,197
Net income/(expenditure) ( 1,940 ) ( 613 ) ( 2,553 ) 200,457
Reconciliation of funds
Total funds brought forward 355,875 283,612 639,487 439,030
Total funds carried forward 353,935 283,000 636,935 639,487
Notes
----- End of picture text -----

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 15 to 25 form an integral part of these accounts.

13

Charity Number 700203

FENHAM ASSOCIATION OF RESIDENTS

BALANCE SHEET

As at 31 March 2022

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
22
Restricted income funds
22
Total funds
Notes		 £
277
408,135
408,412
( 11,842 )		 Total
2022
£
240,364
240,364
396,570
636,934
353,935
283,000
636,935		 £
14,226
373,041
387,267
( 1,624 )		 Total
2021
£
253,844
253,844
385,643
639,487
355,875
283,612
639,487

The notes on pages 15 to 25 form an integral part of these accounts.

These financial statements were approved by the Board on:

28.11.2022

and are signed on its behalf by:

Sister D Bell Treasurer

14

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

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 October 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 £113,571 . 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 2021-22. 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.

15

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

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

16

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

Analysis of income

6
7		 Donations and legacies
Charitable activities
Income from grants
Police and Crime Commissioner for Northumbria
Children in Need
Your Homes Newcastle
Awards for All
The Waste and Resolution
Sir James Knott Trust
The Ballinger Charitable Trust
Hadrian Trust
Newcastle Round Table
Virgin money Foundation
Community Foundation - Neighbourly Ltd
Job Retention Scheme Grant
Lottery Fund - Main Grant
Lottery Fund - Covid-19
Arnold Clark
Streetgames
Joseph Strong Frazer Trust
Bernicia Foundation
Soil Association
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
Other		 Unrestricted
Funds
£
468
155
623
3,667
750
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,500
-
-
-
-
-
400
8,857
-
-
-
-
-
16,174		 Restricted
Funds
£
-
-
-
13,301
32,970
-
1,000
-
7,000
15,000
-
-
-
-
-
-
-
-
-
-
-
21,872
1,000
10,000
10,000
1,000
1,400
-
-
-
-
150
50,000
164,693		 Total
2022
£
468
155
623
16,968
33,720
-
1,000
-
7,000
15,000
-
-
-
-
-
-
-
-
-
-
2,500
21,872
1,000
10,000
10,000
1,000
1,800
8,857
-
-
-
150
50,000
180,867		 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

17

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

8
Other trading activities
Fundraising events
Saturday craft
Gain on sale of vehicle
9
Income from investments
Room hire
Bank interest		 7,110
-
-
6,900
14,010
5
5		 -
-
-
-
-
-
-		 7,110
-
-
6,900
14,010
5
5		 6,840
70
70
-
6,980
13
13

Income was £195,505 (2021: £438,654) of which £30,812 was unrestricted or designated (2021: £132,737) and £164,693 was restricted (2021: £305,917)

18

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

Analysis of expenditure on charitable activities

10 Charitable activities
Direct costs
Support costs
Governance costs
Other expenses
Depreciation
Salary costs
Staff NI
Staff pension
Minibus
Youth trips and resources
Saturday saving club
Garden
Water
Insurance
Payroll fees
Repairs and renewals
Travel
Tutors and freelance
Activities
Development budget
Independent examiner's fees for reporting on
the accounts
Telephone and broadband
Office costs
Utilities		 Unrestricted
Funds
£
-
-
-
146
-
-
-
415
-
500
192
-
432
-
-
6,142
-
13,480
10,392
45
1,008
32,752		 Restricted
Funds
£
105,469
2,119
3,903
-
3,468
5,004
20,963
-
14,413
-
-
1,020
4,401
2,774
504
-
1,268
-
-
-
-
165,306		 Total
2022
£
105,469
2,119
3,903
146
3,468
5,004
20,963
415
14,413
500
192
1,020
4,833
2,774
504
6,142
1,268
13,480
10,392
45
1,008
198,058		 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

Expenditure on charitable activities was £198,058 (2021: £238,197) of which £32,752 was unrestricted or designated (2021: £132,788) and £165,306 was restricted (2021: £105,409)

11 Fees for examination of the accounts

Other accountancy services provided by the examiner
Independent examiner's fees for reporting on the accounts		 2022
£
1,008
1,268
2,276		 2021
£
1,008
1,484
2,492

19

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

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

Pension costs (defined contribution pension plan)
Salaries and wages
Social security costs		 2022
£
105,469
2,119
3,903
111,491		 2021
£
101,890
2,375
3,543
107,808

No employee received remuneration above £60,000 (2021: 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 £44,386 (2020: £38,998).

13 Staff numbers

The average monthly head count was 9 staff (2021: 9 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

The parts of the charity in which the employee's work
Governance
Charitable activities		 2022
Number
3.2
1.0
4.2		 2021
Number
3.5
1.0
4.5

14 Transactions with trustees

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.

Trustees' expenses

No trustee expenses have been incurred in the year.

Transaction(s) with related parties

The following detail the related party transactions in the reporting period.

Name of the trustee or related
party
Description
of the
transaction
M Gowland
Project
Manager
Loan
Relationship to
charity		 Amount
£
10,000		 Balance at
period end
£
277		 Amounts
written off
£
-

20

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

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 £3,903 (2021: £3,543). There was £292 outstanding as at 31 March 2022 (2021: £275)

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		 2022
£
277
277		 Freehold
land and
building
£
334,228
-
-
334,228
SL
4%
80,384
13,480
-
93,864
253,844
240,364
2021
£
14,226
14,226		 Total
£
334,228
-
-
334,228
80,384
13,480
-
93,864
253,844
240,364

21

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

19 Cash at bank and in hand

Short term deposits
Cash at bank
Cash in hand
20
Pension
Other creditors
Creditors and accruals (payable within 1 year)
Independent examination of accounts
Accruals
Other accruals		 2022
£
48,866
358,423
846
408,135
2022
£
10,093
292
1,008
449
11,842		 2021
£
48,861
323,342
838
373,041
2021
£
-
275
1,008
341
1,624

21 Events after the end of the reporting period

Due to the COVID-19 pandemic, it has put pressure on all businesses in 2021-22. 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 As at 31 March 2022

Unrestricted funds
General unrestricted fund
Designated funds
Property Fund
Contingency Fund
Totals		 Fund
balances
brought
forward
£
40,551
253,844
61,480
355,875		 Incoming
resources
£
30,812
-
-
30,812		 Resources
expended
£
( 19,272 )
( 13,480 )
-
( 32,752 )		 Transfers
£
-
-
-
-		 Fund
balances
carried
forward
£
52,091
240,364
61,480
353,935

22

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

Analysis of movements in unrestricted funds (continued)

As at 31 March 2021

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 The 'free reserves' of the charity
Property Fund The depreciation value of the property Fenham Association of Residents
Contingency Fund Community Centre.
To the value of 16 months unrestricted running costs.

Analysis of movement in restricted funds As at 31 March 2022

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
C/fwd		 Fund
balances
brought
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		 Incoming
resources
£
7,000
15,000
13,301
-
-
50,000
32,970
-
21,872
1,000
-
-
-
-
-
-
-
1,000
-
-
-
142,143		 Resources
expended
£
( 9,302 )
( 28,094 )
( 15,662 )
-
( 44,730 )
-
( 49,542 )
-
( 14,976 )
( 2,000 )
-
-
-
-
-
-
-
-
-
-
-
( 164,306 )		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Fund
balances
carried
forward
£
20,639
5,048
46,714
31,130
4,770
54,635
56,428
2,500
14,136
-
200
200
2,431
200
2,200
-
1,243
5,975
3,000
10,000
-
261,449

23

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

Analysis of movement in restricted funds (continued) As at 31 March 2022

B/fwd
Sir James Knott Trust
Awards for All
Bernicia Foundation
Hadrian Trust
Community Foundation -
Neighbourly Ltd
Soil Association
Totals		 283,612
-
-
-
-
-
-
283,612		 142,143
-
10,000
10,000
1,000
1,400
150
164,693		 ( 164,306 )
-
-
-
( 1,000 )
-
-
( 165,306 )		 -
-
-
-
-
-
-
-		 261,449
-
10,000
10,000
-
1,400
150
283,000

As at 31 March 2021

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

Covid-19 relief.

Project Manager salary costs.

Undertake community development work and support the overhead costs. Salary costs.

Covid-19 relief.

24

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

Purpose of restricted funds (continued)

Virgin Money Foundation Community Foundation Food Nation Streetgames Joseph Strong Frazer Trust Rye Hill Trust

TSB Children in Need W H Smith Awards for All Bernicia Foundation Hadrian Trust Community Foundation - Neighbourly Ltd Soil Association Catherine Cookson Groundwork UK Living Charity Northumbria Police and Crime Commissioners Rank Foundation Waste and Resolution Your Homes Newcastle Sir James Knott Trust

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. Funds to purchase new van. Young people's session to enhance education and career support. Contribution to Youth work costs in the community. Food Poverty Project in the community.

Community garden growing project. To support capital building improvements. Covid-19 relief.

Support for young people.

Covid-19 support. Emergency adaption resources, infrastructure support. Covid-19 support. Youth work.

23 Capital commitments

As at 31 March 2022, the charity had no capital commitments (2021 -£nil)

24 Analysis of net assets between funds

Tangible fixed assets
Other net current assets/(liabilities)
Cash at bank and in hand		 Unrestricted
Funds
£
240,364
125,137
( 11,565 )
353,935		 Restricted
Funds
£
-
283,000
-
283,000		 Total
2022
£
240,364
408,136
( 11,565 )
636,935		 Total
2021
£
253,844
373,041
12,602
639,487

25