FRIENDS OF FARNELL I fomierty Friands of Farnell Churthl Rèport and Flnanclal Stat•monts fortho y•ar to tho 31•t Docomb•r 2024 ScottlshCharityNumbBrSCQ52325
FRIENDS OF FARNELL I fomierty Frlands of Famall Church) Unaudited Flnancial Slalèmenl8forlh85*ts31SE8sthlE4 CONTENTS Page Trustees. Report Independenl Examin9rs' Report SlalementolFlnanclalActlvllles 8alance Sheel Noleslo the Flnanclal St8ternents
FRIENDS OF FARNELL Trustee5' Report Tho Tw8tegs prasent their report and financial statemgnts for the year to 31$1 DacèmbèT 2024 They have adopted the pfovisiolls of the Charitie5 ar Trustees and Inve51MlIstaI1èrtd)A¢t2Qo5aftd thè Ch8ritsAccountslS¢ollandlRegulatioN82tM)6(as ar))endedl and Accounting and Reporting By Charftles'.Ststemenl ol Rewmmended Pr4ctlc¢ aP1¢0e to charflles pparfng their accounts In accordanca with tha Flnanclal RèporlirKJ Standard applicabla in the UK and Republic of Ireland publlshed on 16 July 2014 Governlng Document Friends of Farnell Church was registered on 14Lh Feiyuery 2023 as a Scottish Charitable Inwiporaled or94llls41ion ISCIOI. The 9overning document being ba88d on a model SCIO Constitulion On the 24M July 2024, having received the approval of OSCR, th8 Trustees pa5s8d a Rèwlution , ehanging the namè oflhè SCIO to Frfands of FAm811 Rècrullment and Appolntmentof Trustee$ The SCIO h88 0 single Iter Jtruclur& and as suth thè InJ$tèèg arè mèmb8rs Df th8 chorlty CurrentTrustees TheTw$te&$whosorvgd during Ih?rakn1 wer&: OUT Govornance Structurg Durlng the perlad under revlew , 1he Trustees have been acllvely consldèrlng the Scope of tho org8nlJ•tlon, 8••klng to r•¢rult Addltlonal Trugt••8 In ordor to b•n•llt from th•lr Input . In ord•r lo d¢v•lop a stratspy that mlght b¢8t aGhlov• th• obl•¢tlv•8 of th• organl8atlon. The Truste89 plan lo revlew the on9olng over811 Strategy on an onnuÈl b8sl3 In 811 ol th1$ the Trustees are ably Supported by Ihg A¢tln9 Secrglary- Mark Nash . Regi8tirod 0ffi¢o Whanland. Famell, 8rechln , Angus. DDQ 6UF Charltable Obl•ctlve8 and Actlvltlo8 Our purposes, as set out In thè Conslltullon, a lo rd8e fund8 by SUbp110n and other appropr181 mean8 to pmvid8 supplementary resources for the 8dv8ncemenl cl rellglon, the arts. heri18ge. cultur8 or Science. the proviBiOll of recreational 8ctivi1?. with Ihg 0t¥'8fjtiv8 of irnptQVin9 thg condttitsns of lrfe for the persong for whom tha f8cllltl8s or actlvltias ara primarlly Intended.
FRIENDS OF FARNELL Statement of Trustees, Rpspon51bllltles It is the Trustees, responslbilrty to pparfj financial slalements for oach financial poriod whith give a true and fail view of the glale of affairs of the Gharity and of any net lllGoming ResourcesllResources Expendedl of the charity for that period. In preparing those 51alemenls, the Trustee8 are required lo.. select $ultable accounllng policies and applythem conslstenlty,. observe the rnelhods and prlnciples in the appllcable Charllles SORP mak&ludg$ments and 8slimales that are reasonable and prudent., slate whether applicable aGcounling standards have beenfollowed, subject lo any material departures disclosed and explained in Ihgfinancial slalemenls,. prepare the finan¢lal 51atgmenls on the golng concern basi5 unless it b Inapproprlale IL) presume that Ihe charity will conlinue in business., Trustees R8port The Trustees are responslble for keeping proper accounting records which disclose wllh reasonable 8ccuracy, 81 any tlme the flnanclal poslllon of the Trust and lo enabl8 thern lo ensure that th8 flnoncial Alat6mènl$ comply with the Chariti88 8nd Truste6 Inv881ment (Scollandl Act 2005 and the Charities AcGounls {SiJ)Iland) Regulations 2006,las amended) They are also responslbl&for safeguarding Ihg as$815 of the charlty and hence for 18klng reasonable sleps for the prevention of fraud and other irregularities. Prlncipal A¢tl¥lt1è8 Th8 mtsslon of the Ch8rity is lo raise funds for good oauses In and around the parish of Farnell and the wlder locallly R¢$ults for th• yèar to 3161 Dècember 2024 Durlng the yéar thé charity r#i8od £2788 of Income by way of donatlon8 and fund ra18ing actlvlliè8 £546 of expenditure was incurred , Of whlGh £540 related to legal fee8 incurred establishing the charlty s bank account. Audll The Trustees (x)nsidered that the oudit requirement of Regulation 10(11(al lo {c) of the Accounts regulations éo not apply. Susan Bo8g has been 8ppolnted a8 the independent exsminèi. This reportW88 approved by the Trustees 0n-........-
FRIENDS OF FARNELL Indep?ndenl Ex8min8rs Reporttoth8Trustee8 l Tepwi on accounts for Ihe year lo 3111 December 2024 sel out on pages 4- 9 Re$pp¢live Responsibrlities of Trustees and Examiner The Charftys Tru$lees are responsible lar the preparalon of accounts Sn aCCOTdance wSlh the terms of e Charitigs and Trustsg Inv98tTnonl ISLx)tlandl Act 2005 and tho Charitigs Accounis Iscotrdndl RegulatSon5 2006, The Charitys Trustees con5iderthatlhe audit requlremenl of Regulallon 1011 Ilalto {c) of lh8 Accounts R8gul8tion8 do88 not apply. 11 is my re5pon5ibility to 8xamin8 th8 accounts os required under Section 4411 Ilcl of the Acl and io slate whether particular rnatters have corne lo my attenlS0n, B¥1$ oltho Ind•p•nd¢nl Eyamlnoes Rèport y examination was carried out in accordance with Regulation 11 of Ihe Charllies Accoun18 IScollarKII R¢aulatlons 26. An Èxarnlnation Includes a révlew of the accountlng records kèpl by the Charfty and 8 Comparlgon ol the accounls pr88onled wlth Ihose r$¢ords. 11 also InckJde8 ¢on$ldgraUon of any unu$ualiiemsordiscb6ur*6 inth9 aOUnts,3ndSOeklngfjxplana.QnG (romyouasTN$le06conceming such matters. The proceduTes undertaken do not provlde all the evhn Ihatwould ba requlrgd In an audit, I do not gxpr98s an audit opinion on the vigwgiven bylhe a¢counts. Ind&pènd8nl Ex8mlne¢s Sltl8m8nl In ¢onne¢llon wllh the examlnallon, no rnatter has ¢ome lo rny atlenllon., 111 whlchglveg me reasonabtecause lo belleve that, In any malerSal aspect. the rUIrements lo keep 8ccounling records in 8ccord8nce with Section 44111181 of th8 2005 Acl and Regulation 4 01 Ihe 2CM)e AGrKJunls Rggul8ts'on6; to prèparè accounts whlch 8ccord wlth the 8¢counllng record$ and to comply w R&gu18tn 8 oflhe2CQ6Ae¢ount8Regulatlon8 have not ba8n mgt; or 121 to whlch, In rny oplnlon, attenllon should bè drawn In order to ènable a pmper under5tandlng of the accounl$to be r&#ehed.
FRIENDS QF FARNELL Section A Statement of financial activities (including summary income and 8xpenditure account) Restri¢led Unrestrlcted Incomg funds funds Prlor year funds Endowmont funds Totsl funds R8commended categorles by actlvlty Income (Note 31 Income and endowments from: Oonalions and legacies Charitable activlties F01 F02 F03 F04 F05 S01 S02 1677 1677 Other trading activities S03 Inve8trn8rits S04 Separate mal8rial Item of Income S05 Olhgr rolal S06 S07 2788 2788 Exp8ndltur• (Not•8 61 Expendltur8 on.. Raislng funds Charitable oGtlvili6s Separate materfal expense11gm Other S08 sog S10 S11 S12 546 546 548 546 Total Net Incom&llexpendlturel before tax for tho reportlng perlod S13 2242 2242 Tax pgyable Net Incom•llexpondltur•l aft•r tax before Investment galn8llloss•$l Nel gain8111085e81 on 1nveslmenls Net Incomellexpendlturel S14 S15 2242 2242 S16 S17 2242 2242 Extraordlnary Itèm Sl8 Tr3nsf•rs between funds Olhor ro¢ognl¥ed galnslllo$$o$1: Galns and losses on rev81uallon ol fixed assets for the charity's own use S19 S20 Olher galnslllos$esl Not movement In funds S21 S22 2242 2242 Réconeilialion olfunds.- Total funds brought fornard Total funds carrl•d lotward S23 S24 2242 2242
FRIENDS OF FARNELL Sectlon B Balance Sheet Restricted Incom8 fund8 Total this y&8r Total last yoar Unrestrlcted funds Endowment funds Fixed assèts Int8nglble assets (Note 1 $1 Tangibl¢ a8s8t (Note 14) Horltag? a8¥0ts 161 Investmonts (Note 171 F01 F02 F03 F04 F05 B01 B04 rotal Ilx•d assèts B05 Current assets Stocks 181 Debtor8 191 INot• B06 (Note B07 Investments (Note 17.41 Cosh ot bank and In hand {Not• 241 B08 B09 2242 2242 Total curr•nt a$$•t& 810 2242 2242 Cr•dltor8: amount• falllng due wlthln on• ar INot• 2Q) 811 Nel ¢urront 4$$et$/(114bllltle¥) B12 2242 2242 Totol ass•t$ les$ Current Ilabllltl•$ B13 2242 2242 Cr•dltor8: 8mouni8 falllng du8 8ft8r on• yèar INoté 201 814 Provlslons for Ilablllts B15 Total net ass8ls orllabllllles B16 2242 2242 Funds of the Charlly Endowment funds (Note 27} Restrlcted In¢om¢ funds (Note 271 B17 B18 Unrè5trieted funds B19 2242 2242 R•valuation rèsèrvè B20 Fair value resèrvè B21 Total funds B22 2242 2242
FRIENDS OF FARNELL Nolesto th& Fln8n¢lal Statementsforthe year to the 31x1 December 2024 ACCOUNTING POLICIES Accountlfig Conventlon Th8 financ4al stalernents h8vgb8en prep8red 6rIh& hIstorAl cosi convenliw.Nilh items recognlzed at cost or Iransacuon value unless otheTwise slated In th8 r8levant nolelsl to th accounts. The financial statements have been prep8red rn a¢¢ordano with the Slatem8Tht of Recommended Pr8CtIC8.' Actounlng and Reporting by Charilie5 preparin9 th8lr accounts In ac¢Ndafice with Ihe Financlal Reporting Sla18m8nl appllcable In th8 UK and Republlc Df Ireland IFRS 1021155ued on 16, July 2014 and the Financlal R8portlng St8nd8rd appllcable In th8 Unlted KingdDrn and Republic of Ireland IFRS 1021. Ihg Qharilies and Trustee Inv6stm8nllScoll8ndl Act 2005 and the Charllle5 Ac£oun15 Iscollandl RegulaQons 2008 las amonle<ll Reconclllatlon wlth prèvious G¢ngrally AGcopted AGcountlng Practica lfi preparlng th8 accounts. the Iruslees h8V8 conslder8d whether in applylng lh8 8cctyJnllng pg11¢1g8 r8Rulted by FRS 102 and the ChaFlll88 SORP FRS 102 a re8tatemant of comparntsve item5 was needed . Ne r881al8menl$ W8re r8quid . No edluslmenls hav8 been mad8 lo prevlously rèport8d lffttome Incomlng Resourc85 I Incowlng resource3 are Included on th8 Stat8monl of Financial Activilles wn the charfty leg911y enllued ¢0 the Incoffle and the amountcan be qU8nfied wlth roastsnable Jccuracy. R•OurlExPfrnd•d Exp&ndlturt accounted for on an accrual ba$1$ and ha5 bBgn das51fl8d under headings Ihat aggregate all cosrs rel8tÈdlO Ihe caie00ry. Where costs c8nnol bo dlre¢lly altrthjuled lo partlcular he8dlngs have been alloc8tsd to ?111¢8 ona bas18 ujnslsient ¥th the usoof Iheresources, T•x•tJon unr8slrlct8dfurs ean be usedln accordancè 1h thè chaillabl•obl8Ctlvas atlha dl$¢rglon of th• Tn*leeg. RaslF1ct¢d fvnds can Only be used fer PBrtlcular reslDcled puip0s09 wllhln the oblects of the charfty. Re8lrfclbgn$ arl&e v4h•n sp8clfi8d by tho donor or when funds areral88dfor portICar restricted purpo$g$.
FRIENDS OF FARNELL S?Gtlon C Nots$ to tho aGGour l¢ontl Nolg 3 Re$trfGt¢d in¢oTne fuvds Analys58 of Income Unr•strictgd nd5 Endowment lund5 Total funds Pritsr ygar Donatityns and IBgacles'. Dwalions and gifts Gift Ai 1677 1677 Legacies General yrants provided by gov8rftm8nVolhar ch8nttés M6Tnb8rshlp 5ubscripti0115 and sponsorships which are in $ub5tsn¢e donations Donated g¢t)d$, fatylllie8 and $&Ni¢g$ Other Totsl 1677 1677 Chgrllab aGllvlllg¥'. Fun(J Relsl Total Othgr tradlng Oih8r Total 2788 2788 In¢om• from InStMent8. Intest Income Olvldond Ile Rental and leaslng incom8 Other Totsl 8¥p4ratg materlal ii•m of Income Total Olhwr- Conversion of endowment funds Into in¢ome Gain on disp05o1 of a tsngible fixed a8sel held for th8rlty's ovm use Gain on dksp05al of a prograrnrne rslate inve$lment Royaltie5 from the explo1ts15c>n of intellectual property right$ Olher Total TOTAL INCOME 2788 2788 FRIENDS OF FARNELL
Sectlon C Note8 to the accounts (cont} Note6 Expenditure Restricted income funds Analysis of pOndIturÈ Unrestrlcted funds Endowment funds Total funds Prior ar Expgndlture on charitabl8 activities.. Personnel Costs Telephone Attributed costs Training Costs Research Costs Donations Trav81 and Sub8istenc8 WoTkshop and 8V8nl cos15 Conference Costs Runnlno and Office Cosls P8yp81 Costs B8nk ch8rg8s Insurance Wabslla Cosls Subscrtpllons and Fee$ Merchandise Inel of slo¢k ad uslment 540 540 Total exp&ndltuM an ral8lng fund8 546 546 Soparalt mal•rlal St•m of expgn8• Total Governanco Costs Trustees. Exp&n$es Accountancy Total other expendlture TOTAL EXPENDITURE 546 546
FRIENDS OF FARNELL Sectlon C Not¢$ to the account5 Icontl Note 14 Tanglble flxed assets Pleas• complgté thls note If th8 charlty has any tanglbl• flxed ass&ts 14.1 Cost or v#luation Freehold land & bulldlng$ Othèr land & bulldlng$ Plant, maehln•ry and motor V8hicle$ Flxtures, flttlngs and equlpment Total Al the beglnnlng of the year AddSllon8 Revaluallons Dlsposals Tr8nsfer8' At end of the year 14,2 D•pr•clatlon and ImpalTm•nt¥ -Basl8 SLorRB SLorRB R8 SLorR8 Ral• Al beginning of the year DIsp08818 D&preclallon Impalrment Transfers" Al end of Ihe year