The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period ended 30 June 2024. The trustees have adopted the provisions of 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 2015).
The financial statements have been prepared in accordance with the accounting policies set out in notes to the financial statements and comply with the Company's governing document, the Companies Act 2006 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).
Objectives and aims
In setting the objectives of the charity and planning the activities of the charity, the trustees have given careful consideration to the Charity Commission's general guidance on public benefit. The charity's purposes as set out in the objects contained in the company's Memorandum of Association are:
1 The provision of facilities for recreation and other leisure time activities in the interest of social
welfare, with a view to improving the conditions of life of persons living in the area of benefit who
have need by reason of their youth, age, infirmity or disability, financial hardship or social and
economic circumstances;
2 The advancement of the education of the public through the use of new technology;
3 The provision, maintenance and improvement of public amenities for the public benefit in the area
of benefit.
For the purposes of this charity the area of benefit is Flintshire and its surrounding area.
Ensuring our work delivers our aims
The aims, objectives and activities of the charity are reviewed each year. This review looks at what has been achieved and the outcome of the work performed in the previous twelve months.
As the charity stood down its staff member and volunteers in March 2020 and remained temporarily closed throughout this period, a review was not undertaken.
The Trustees met once during 2023/2024 to review when it may be able to resume services. They decided reluctantly that it was time to wind up FOFCAB as an entity and charitable company.
The Trustees reluctantly decided to permanently close FOFCAB due, in part, to the current economic climate but also the increasing age and health of the current Directors.
They will ensure that the remaining funds are transferred to Citizens Advice Flintshire as a donation, as set out in the Memorandum and articles.
Given the permanent closure of the service, the Directors agreed to, as in accordance with their Memorandum and Articles, donate any outstanding balance to Citizens Advice Flintshire (CAF).
Governing document
The charity is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The Memorandum and Articles of Association of 11 April 2006 were amended by special resolution dated 28 January 2008.
Organisational structure
Friends of Flintshire CABx Limited is managed by a Board of Trustees and the day to day management of the charity is delegated to paid staff.
Registered Company number
05778029 (England and Wales)
Registered Charity number
1122707
Registered office
Deeside CAB
Cable Street off Tuscan Way
Connah's Quay
Flintshire
CH5 4DZ
Trustees
Mr K Armstrong - Braun
Mrs G Faulkner
Mrs P Mealor
Mrs D Espley
Mr E Faulkner
Company Secretary
Ms S Edwards
The charity was registered with the Charity Commissioners for England and Wales on 8 February 2008.
The Report of the Trustees report was approved by the Board of Trustees.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Friends of Flintshire CABx Limited for the year ended 30 June 2024, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.
This report is made to the charity's Trustees, as a body, in accordance with the terms of our engagement letter dated 2 February 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Friends of Flintshire CABx Limited and state those matters that we have agreed to state to the charity's Trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Friends of Flintshire CABx Limited and the charity's Trustees as a body, for our work or for this report.
It is your duty to ensure that Friends of Flintshire CABx Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of Friends of Flintshire CABx Limited. You consider that Friends of Flintshire CABx Limited is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.
We have not been instructed to carry out an audit or a review of the financial statements of Friends of Flintshire CABx Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Friends of Flintshire CABx Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Terrig House, Mold, Flintshire, CH7 1EG, United Kingdom.
The financial statements have been prepared in accordance with the Company's governing document, the Companies Act 2006 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)". The Company is a Public Benefit Entity as defined by FRS 102.
The Company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Cash donations are recognised on receipt. Other donations are recognised once the Company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Donations paid
Accountancy
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Company during the period.
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
There were no disclosable related party transactions during the period (2023 - none).