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← Fenham Association Of Residents

2025-03-31-accounts

FENHAM ASSOCIATION OF RESIDENTS

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2025

Charity Number 700203

FENHAM ASSOCIATION OF RESIDENTS

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 March 2025

Contents Page
Trustees annual report 1 to 10
Independent examiners report 11
Statement of Financial Activities (including 12
income and expenditure account)
Balance sheet 13
Notes to the financial statements 14 to 23

FENHAM ASSOCIATION OF RESIDENTS TRUSTEES ANNUAL REPORT For the year ended 31 March 2025

The trustees are pleased to present their annual trustees’ report together with the financial statements of the charity for the year ended 31 March 2025.

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 were delighted to receive core funding to continue to support our work with children, young people, adults and older people. Providing new opportunities to learn new skills, make new friends, connect with people, break down social isolation and gain confidence.

We have been delighted to deliver new projects including The Million Hours Fund is a joint initiative by the Department for Culture, Media and Sport (DCMS) and The National Lottery Community Fund that provides funding for youth projects in areas with high rates of antisocial behaviour in England and The Local Community Partnership grant scheme is funded by the UK Government through the UK Shared Prosperity Fund with the North of Tyne Combined Authority as the lead authority. These projects have used, youth work and sport as a way to connect to different parts of our community and provide new activities and services.

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.

2

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 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. Volunteers serve our community association in so many ways, from Trustees, to helping with social activities, children and young peoples’ groups and even calling the bingo numbers for our social events, volunteers are the backbone of our organisation and not only perform valuable roles in the community but additionally they help us connect to the wider community, helping to convey matters of local concern that they might need help and support with.

3

7. Achievements and Performance

Food Surplus

Cost of living crisis continues to be felt by local residents and 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. This Winter Newcastle city council funded our community centre to provide a warm space, where our centre was made available for residents on selected days/times to give people access to an area of the centre where they could cook, clean clothes, prepare hot drinks, even bathe. We experienced a lot of people accessing this service and as a result many new contacts where made with people in need.

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. In 2023 we further added to our services with an adapted wet room which has been a help to families who have been awaiting support with property adaptions.

4

Children, young people and holiday activities.

Our work with children and young people continues to thrive with the vital support from Community Foundation Tyne and Wear and Streetgames (HAF) we have been able to provide a significantly increased offer for local residents, combining food with play, ensuring children and young people from families on the lowest of income are supported without being made to feel different. Our play and youth team continues to expand with new recruits joining our work force ensuring we are prepare for new challenges and demands for our services.

Adults and older people

Thanks to support from our volunteers and funding from Community Foundation Tyne and Wear we were able to provide some new activities for older people to engage with. We’ve seen a positive reaction to our day trips scheme where we provide opportunities for older people to be more active and explore new places. We were also able to recruit new trustees to our board to provide strength, knowledge and new ideas to our management team.

5

GO FAR Nursery and Pre-School

The nursery provision that operated from FAR Community Centre closed in 2025, we now look forward to working with a new early years provider in 2026.

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

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.

6

Our youth work project was additionally supported via Million Hours Fund from Department for Digital, Culture, Media & Sport (DMCS) and National Lottery Community Fund to provide more youth work in our community and Local Community Partnership, helping us to provide more reach into parts of the community which needed additional 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

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 £229,005 (2024: £423,163) of which £200,877 was restricted (2024: £230,339) and expenditure of £239,277 (2024: £276,031) of which £201,476 was restricted (2024: £225,797). There was an operating deficit of £10,271 (2024: surplus of £147,133) of which a deficit of £598 was restricted (2024: deficit of £49,756).

At 31 March 2025 the Charity had net assets of £767,926 (2024: £778,197) of which £87,613 was restricted (2024: £88,211).

Reserves policy/Going concern

The Trustees consider the level of reserves, £680,313 (2024: £689,986), 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.

7

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.

We have started to see the benefit our renewal technologies with has seen a reduction in our Gas energy use and reductions in our other energy bills. We have upgraded our diesel van to an electric van further reducing our emissions. We hope to secure funding to continue these upgrades to our centre and keep with our mission of becoming a sustainable centre.

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) Margaret Whitehead (Secretary) Maureen Taylor (Vice Chair/Treasurer) Eileen Hutchinson Ann Tweddell Pamela Wallace Chief Executive and Senior staff members Mark Gowland (Project Manager) Anne Athey (Older Peoples advisor) Independent Examiner Doug Maltman FMAAT Connected Voice Business Services One Strawberry Lane Newcastle upon Tyne. NE1 4BX. Bankers Lloyds Bank

8

14. Fund held as custodian trustees on behalf of others

Not applicable

15. Exemptions from disclosures

Not applicable

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.

9

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 12.11.2025 and signed on their behalf by:

Susan Whitehead (Chair)

10

FENHAM ASSOCIATION OF RESIDENTS

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 31 March 2025

I report on the financial statements of Fenham Association of Residents for the year ended 31 March 2025, which are set out on pages 12 to 23.

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 2022 ("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 Fellow Member of the Association of Accountancy Technicians Connected Voice Business Services One Strawberry Lane Newcastle upon Tyne NE1 4BX Date: 12.11.2025

11

FENHAM ASSOCIATION OF RESIDENTS

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 March 2025

==> picture [523 x 368] intentionally omitted <==

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2025 2024
£ £ £ £
Income from:
Donations and legacies 6 3,103 - 3,103 25,557
Charitable activities
Grants and contracts 7 1,585 200,877 202,462 380,339
Other trading activities 8 22,888 - 22,888 16,746
Investments 9 552 - 552 521
Total income 28,128 200,877 229,005 423,163
Expenditure on:
Charitable activities
Operation of the charity 10 37,801 201,476 239,277 276,031
Total expenditure 37,801 201,476 239,277 276,031
Net income/(expenditure) and net
( 9,673 ) ( 598 ) ( 10,271 ) 147,133
movement of funds
-
Reconciliation of funds
-
Total funds brought forward 689,986 88,211 778,197 631,064
Total funds carried forward 680,313 87,613 767,926 778,197
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 14 to 23 form an integral part of these accounts.

12

Charity Number 700203

FENHAM ASSOCIATION OF RESIDENTS

BALANCE SHEET

As at 31 March 2025

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		 £
5,996
396,024
402,020
( 1,634 )		 Total
2025
£
367,539
367,539
400,386
767,926
680,313
87,613
767,926		 £
11,103
375,883
386,986
( 1,781 )		 Total
2024
£
392,991
392,991
385,205
778,197
689,986
88,211
778,197

The notes on pages 14 to 23 form an integral part of these accounts.

These financial statements were approved by the Board on:

12.11.2025

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

13

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

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 2022.

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 £680,313 . 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.

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.

3.4 Volunteer help

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

14

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

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 assets:

Freehold land and buildings

4% straight line

15

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Analysis of income

6
7
8
9		 Donations and legacies
Charitable activities
Income from grants
Other trading activities
Fundraising events
Membership fees
Income from investments
Room hire
Bank interest
Connected Voice - City Life Line
Newcastle City Council
Community Foundation
The Society of the Sacred Heart
LGA Foundation
Rose Joicey
Donations and gifts
Other
Saturday Savings Club
Streetgames
Joseph Strong Frazer Trust
The National Lottery Community Fund
Reaching Communities
Karbon Homes
Greatham Hospital
Clothworker Foundation
Greggs Foundation
Sported Foundation
National Lottery - Million Hours
Children and Young People Group
The Neighbourly Foundationn
McCarthy and Stone
Tees Valley CA		 Unrestricted
Funds
£
1,843
1,260
3,103
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
985
-
600
1,585
19,710
2,988
190
22,888
Unrestricted
Funds
£
552
552		 Restricted
Funds
£
-
-
-
71,525
27,500
-
-
-
1,500
14,752
1,000
34,900
750
-
-
-
1,000
-
-
46,950
-
1,000
-
200,877
-
-
-
-
Restricted
Funds
£
-
-		 Total
2025
£
1,843
1,260
3,103
71,525
27,500
-
-
-
1,500
14,752
1,000
34,900
750
-
-
-
1,000
-
-
46,950
985
1,000
600
202,462
19,710
2,988
190
22,888
Total
2025
£
552
552		 Total
2024
£
522
25,035
25,557
9,230
99,437
150,000
600
2,000
650
14,628
1,000
35,300
1,500
1,000
15,000
2,000
500
750
23,169
23,575
-
-
-
380,339
14,670
2,076
-
16,746
Total
2024
£
521
521

16

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Income was £229,005 (2024: £423,163) of which £28,128 was unrestricted or designated (2024: £192,824) and £200,877 was restricted (2024: £230,339)

17

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Analysis of expenditure on charitable activities

10 Charitable activities
Direct costs
Support costs
Governance costs
Office costs
Utilities
Activities
Development budget
Salary costs
Independent examiner's fees for reporting on
the accounts
Telephone and broadband
Water
Insurance
Payroll fees
Repairs and renewals
Staff pension
Other expenses
Depreciation
Minibus
Youth trips and resources
Saturday saving club
Older people
Travel
Tutors and freelance		 Unrestricted
Funds
£
-
57
-
1,828
215
1,752
248
-
3,045
1,248
-
-
-
-
-
184
25,452
1,060
1,464
1,248
37,801		 Restricted
Funds
£
133,879
4,632
1,400
2,655
8,327
13,841
-
17,422
-
-
754
3,373
6,853
1,029
3,541
-
-
1,412
2,358
-
201,476		 Total
2025
£
133,879
4,689
1,400
4,483
8,542
15,593
248
17,422
3,045
1,248
754
3,373
6,853
1,029
3,541
184
25,452
2,472
3,822
1,248
239,277		 Total
2024
£
119,369
4,579
2,064
7,023
1,559
64,323
1,939
25,277
2,950
560
1,016
2,899
9,760
815
1,334
911
25,452
3,010
3
1,188
276,031

Expenditure on charitable activities was £239,277 (2024: £276,031) of which £37,801 was unrestricted or designated (2024: £50,234) and £201,476 was restricted (2024: £225,797)

11 Fees for examination of the accounts

Independent examiner's fees for reporting on the accounts
Other accountancy services provided by the examiner		 2025
£
1,248
-
1,248		 2024
£
1,188
911
2,099

18

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

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

Salaries and wages
Pension costs (defined contribution pension plan)		 2025
£
133,879
4,689
138,568		 2024
£
119,369
4,579
123,948

No employee received remuneration above £60,000 (2024: 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 £44,081 (2024: £49,725).

13 Staff numbers

The head count was 10 staff (2024: 9 staff).

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
K Errington
Staff
Loan
Relationship to
charity		 Amount
£
10,000		 Balance at
period end
£
5,996		 Amounts
written off
£
-

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 £4,689 (2024: £4,579). There was £386 outstanding as at 31 March 2025 (2024: £328)

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.

19

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

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
Debtors and prepayments (receivable within 1 year)
Short term deposits
Cash at bank
Cash in hand
Cash at bank and in hand
Other accruals
Accruals
Creditors and accruals (payable within 1 year)
Other debtors
Independent examination of accounts
Pension		 2025
£
5,996
5,996
2025
£
50,032
345,142
850
396,024
2025
£
386
1,248
-
1,634		 Freehold
land and
building
£
535,411
-
-
535,411
SL
4%
142,420
25,452
-
167,872
392,991
367,539
2024
£
11,103
11,103
2024
£
49,480
325,568
835
375,883
2024
£
328
1,188
265
1,781		 Total
£
535,411
-
-
535,411
142,420
25,452
-
167,872
392,991
367,539

17 Tangible fixed assets

18 Debtors and prepayments (receivable within 1 year)

19 Cash at bank and in hand

20 Creditors and accruals (payable within 1 year)

20

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

21 Events after the end of the reporting period

No events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

22 Analysis of charitable funds

Analysis of movements in unrestricted funds As at 31 March 2025

Unrestricted funds
General unrestricted fund
Designated funds
Property Fund
Contingency Fund
Totals		 Fund
balances
brought
forward
£
226,377
402,129
61,480
689,986		 Incoming
resources
£
28,128
-
-
28,128		 Resources
expended
£
( 12,349 )
( 25,452 )
-
( 37,801 )		 Transfers
£
-
-
-
-		 Fund
balances
carried
forward
£
242,156
376,677
61,480
680,313

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.

21

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Analysis of movement in restricted funds As at 31 March 2025

Restricted funds
Newcastle City Council
The Society of the Sacred Heart
Community Foundation
Streetgames
Joseph Strong Frazer Trust
Rye Hill Trust
TSB
W H Smith
Community Foundation -
Neighbourly Ltd
Hedley Foundation
Skipton Building Society
Schofield Trust
Bernard Sunley Foundation
Newcastle Building Society
The National Lottery Communbity
Fund Reaching Communities
Sported Foundation
Joicey Trust
National Lottery
Karbon Homes
Totals		 Fund
balances
brought
forward
£
-
13,843
54,876
-
-
200
200
200
1,400
3,000
3,000
489
10,000
1,001
-
-
-
-
-
88,211		 Incoming
resources
£
71,525
-
27,500
14,752
1,000
-
-
-
1,000
-
-
-
-
-
34,900
1,000
1,500
46,950
750
200,877		 Resources
expended
£
( 68,525 )
-
( 38,600 )
-
( 1,000 )
-
-
-
-
( 3,000 )
( 3,000 )
-
( 1,000 )
( 1,001 )
( 34,900 )
( 2,000 )
( 1,500 )
( 46,950 )
-
( 201,476 )		 Transfers
£
-
-
-
-
-
-
-
-
( 1,000 )
-
-
-
-
-
-
1,000
-
-
-
-		 Fund
balances
carried
forward
£
3,000
13,843
43,776
14,752
-
200
200
200
1,400
-
-
489
9,000
-
-
-
-
-
750
87,613

Purpose of restricted funds

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

Newcastle City Council

The Society of the Sacred Heart Community Foundation Streetgames Joseph Strong Frazer Trust Rye Hill Trust

Undertake community development work and support the overhead costs. Covid-19 relief.

Community Development project. 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.

TSB To support older people in Fenham.

W H Smith To support children's literacy. Community Foundation - Food Poverty Project in the community. Neighbourly Ltd Hedley Foundation Supporting children and young people with disabilities. Skipton Building Society Supporting disadvantaged residents Schofield Trust Supporting young people. Bernard Sunley Foundation Supporting the Community Centre's development Newcastle Building Society Supporting disadvantaged residents

22

FENHAM ASSOCIATION OF RESIDENTS

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Purpose of restricted funds (continued)

The National Lottery Community Community Development work salaries. Fund Reaching Communities Sported Foundation Football project. Joicey Trust Youth work. National Lottery Youth work salaries. Karbon Homes Youth work salaries.

23 Capital commitments

As at 31 March 2025, the charity had no capital commitments (2024 -£nil)

24 Analysis of net assets between funds

Cash at bank and in hand
Tangible fixed assets
Other net current assets/(liabilities)		 Unrestricted
Funds
£
367,539
308,411
4,362
680,313		 Restricted
Funds
£
-
87,613
-
87,613		 Total
2025
£
367,539
396,024
4,362
767,926		 Total
2024
£
392,991
375,883
9,322
778,197

23