| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| FAVOUR FOUNDATION LTD. |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| FAVOUR FOUNDATION LTD. |
| FAVOUR FOUNDATION LTD. |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Page |
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 | to | 12 |
| FAVOUR FOUNDATION LTD. (REGISTERED NUMBER: 05321038) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 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 year ended 30 September 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 2019). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and Aims |
| The objects of the Charity are to advance for the benefit of the community of Grimsby/ Cleethorpes and the surrounding area all such purposes as are charitable in accordance with the laws of England from time to time including but not limited to, the relief of all people in that area who by reason of their disability, age, infirmity, sickness, social or economic circumstances or caring responsibilities have a need of health, social care or other related community services or recreational facilities by the provision of information, advice, support, education and training and other services and facilities calculated to relieve those needs. |
| Your Place has been serving the people of East Marsh (an area identified as being in the top 2% most deprived areas in the country) for the past 24 years. It is a very busy community hub and a 'Friend in the Neighbourhood'. We are open Monday - Friday and, in partnership with local people provide a very wide range of creative, educational, social activities, horticultural activities and volunteering opportunities that are open to all. |
| Your place has a 'family' feel. It is a home from home and a bolt hole away from the pressures and difficulties that the people of our area have to cope with on a day-to-day basis. We do not have 'clients' we have 'friends' and our volunteer photos (which we proudly have on display) are called 'Family Photos'. |
| The need for our work: |
| The many challenges in our community include a very high proportion of unemployment, a high and rising drug culture, a rising crime level (often alcohol related), a high level of domestic violence and a very high level of teenage pregnancies. A person living in East Marsh has poorer health and is likely to live a shorter life than the average person in the UK. They are less likely to be employed and are more likely to suffer from depression, self-esteem problems and mental illness. If they are not the victim of crime, they will without doubt be subject to the fear of crime - which in our area is known by the police as being disproportionately high. They will often have low aspirations - not only for themselves but also for their children, who will be less likely to achieve either in school or in their work life. In the East Marsh almost 40% of adults are economically inactive. Lack of confidence, social isolation, learning disabilities, debt, drug and alcohol dependency are all too common. |
| Our weekly services and activities: |
| With the help of over 50 local people who volunteer at Your Place we have developed a very wide range of services and activities, which are open to all, regardless of ability, confidence, situation, and motivation. People who begin by attending one activity often access other activities we offer and become part of the Your Place 'community'. |
| Our activities include: |
| - Volunteer/supported volunteer opportunities. |
| - An Information and Referral Service. |
| - Weekly groups including Keep Fit, Walking Group, Games/Quizzes, Art and Craft, Sewing, Creative writing, Gardening. |
| - A Scratch Cookery course |
| - A thriving Gardening 'Community of Interest' |
| - Annual Community Events (always well attended) including Fun Days, Community Crafts, Open Garden Events, and opening our lovely gardens as part of the National Garden Scheme. |
| We have also transformed a 1.5 acre piece of neglected and vandalised land which was a local eye-sore (and home to vermin) into a beautiful community area, and an extensive horticultural facility with a large polytunnel and vegetable garden. This work has developed greatly in recent years and with the help of a brilliant team of over 40 local volunteers, led by our dedicated Garden Manager provides plants and advice for local people. We have developed a large plant pot recycling scheme, a composting scheme and have been able to visit many other organisations to give horticultural talks and demonstrations. We are very proud of our environmental credentials: we grow our plants and vegetables organically from donated/collected seeds and from cuttings, use 100% peat free compost, never use any chemicals in the control of garden pests, use only recycled plant pots and seed trays, compost our garden waste (which we use in our garden as a mulch to eliminate the need for watering our flower beds/vegetable garden, recycle garden tools and equipment, whenever possible use recycled/sustainable material in building projects. We have recently developed a Woodworking Skills hub which is very popular and a thriving horticultural Salvage yard which recycles unwanted old (but still useful) donated garden items. |
| FAVOUR FOUNDATION LTD. (REGISTERED NUMBER: 05321038) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| OBJECTIVES AND ACTIVITIES |
| The people we serve |
| The people who come to Your Place include those who would otherwise be socially isolated, have mental health problems/depression, low confidence/self-esteem; are long-term unemployed, ex-offenders; are caught up in drug/alcohol addiction; have physical problems including poor nutrition/obesity/lack of exercise, financial/benefit problems, poor literacy and numeracy skills or learning difficulties; people who feel they do not 'fit in' or feel excluded or on the 'fringe' of society. |
| We also work with local schools, who bring their children to do environmental/ gardening studies in our beautiful garden. |
| ACHIEVEMENT AND PERFORMANCE |
| Achievements and Performance |
| Over the years we have become a trusted 'Friend in the Neighbourhood' and a 'Hub' of information and community activity. We have worked very hard to create a positive and non-judgemental culture, where all are treated with respect and compassion, and where people are 'listened to and valued'. By far, our main successes are the people whose lives have been changed through our work. It has been our privilege to work with people who have overcome things like drug/alcohol problems, mental health problems, low self-esteem or depression. It is a great privilege to see such people moving on and turning their lives around. |
| FINANCIAL REVIEW |
| Funders |
| This year Your Place has been generously funded by: The Henry Smith Charity, The Community Fund, Orsted, VANEL (Voluntary Action in North East Lincolnshire) and Humber Heart (Philips 66). |
| Reserves policy |
| The Trustees have examined the Charity's requirement for reserves in light of the main risks to the organisation. It has established a policy to keep this under review and ensure that the necessary steps can be taken when appropriate. The incoming resources for the year amounted to £97,468 (2023: £101,781) and the outgoing resources for the year amounted to £107,760 (2023: £103,628) resulting in a deficit of £10,292 (2023:£1,847). |
| FAVOUR FOUNDATION LTD. (REGISTERED NUMBER: 05321038) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FUTURE PLANS |
| We plan to further develop the reach and effectiveness of Favour Foundation Ltd. by: |
| · Continuing to develop and expand our existing programme of activities |
| · Develop existing and forging new links and partnership working with other local organisations |
| · Seek to deliver more effective services in collaboration with other local organisations |
| · Continue and expand our volunteer programme |
| · Further expand our horticultural facility and horticultural training programme |
| Financial sustainability/fundraising: We are very grateful to all our funders, who continue to support us in our mission to work with and for the people of the East Marsh. We are able to raise a small amount of money through the sale of plants (which are grown by our wonderful team of volunteers, under the supervision of our Garden Manager) and are committed to seeking the funding necessary to continue our work well into the future. This funding comes from National and Local funders who have a heart for the work we do. |
| Our staff, volunteers and beneficiaries: We have five committed members of staff and 65 amazing volunteers, who make Your Place the success that it is, and have 538 Beneficiaries who attend our activities, form our Gardening Community of Interest or attend our special events. We have also had 6,877 visits this year from local people who have come to buy the plants our volunteers have produced, and which we sell at very low prices (most plants for 20p/30p each). This means that people who otherwise could not afford to can grow their own flowers and vegetables and benefit physically, mentally and socially from being in the out-doors enjoying a great hobby and making friends with other like-minded people around a common interest. |
| Future activities: As has been our practice in the past, we will continue to develop and adapt our activities in partnership with the people who use the centre. |
| Existing/potential defined benefit pension liability: there are no such implications for us. |
| Reserves policy: While it is possible that we might have to use some of our reserves we feel it is unlikely. |
| FAVOUR FOUNDATION LIMITED- GRIMSBY NEIGHBOURHOOD CENTRE |
| Our conferencing and training facilities continue to be a popular facility for charitable organisations, voluntary groups and professional bodies. We have organisations and groups who continue to use the facility on a regular basis, and we continue to receive positive feedback from users of the facilities. |
| Staff: |
| Favour Foundation Limited does not employ staff to run Grimsby Neighbourhood Centre. As FFL is a project of Grimsby Neighbourhood Church the Centre is run by volunteers from the Church. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The organisation is a charitable company limited by guarantee, incorporated on 23 December, 2004 and charitable status for the company was granted with effect from 18 August, 2005. 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 the company being wound up, all available funds shall go to a charitable cause. |
| Recruitment and appointment of new trustees |
| The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as directors. The directors appoint new trustees and recruit from people who have an interest in the objects of the charity. |
| Risk management |
| The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| FAVOUR FOUNDATION LTD. (REGISTERED NUMBER: 05321038) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Registered office |
| Trustees |
| Independent Examiner |
| H. J. Spauls F.C.A |
| 12 Abbey Road |
| GRIMSBY |
| DN32 0HL |
| Bankers |
| BOOTLE |
| GIR 0AA |
| PUBLIC BENEFIT |
| We have referred to the guidance contained in the Charity Commission's general guidance on public benefit and |
| complied with section 17(5) of the 2011 Charities act when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set. |
| The public have benefitted from Favour Foundation Limited in many ways including: |
| Your Place provides: a community-based centre offering a variety of services, activities, and groups, an 'Information and Referral' service, educational and vocational activities, volunteer opportunities and community gardens. |
| Grimsby Neighbourhood Centre provides: a welcoming and well-equipped meeting and training facility. |
| STATEMENT OF TRUSTEES' RESPONSIBILITIES |
| The trustees (who are also the directors of Favour Foundation Ltd. for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
| Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to |
| - | select suitable accounting policies and then apply them consistently; |
| - | observe the methods and principles in the Charity SORP; |
| - | make judgements and estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
| The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| Approved by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| FAVOUR FOUNDATION LTD. (REGISTERED NUMBER: 05321038) |
| Independent examiner's report to the trustees of Favour Foundation Ltd. ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2024. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
| Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
| Independent examiner's statement |
| I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
| 1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
| 2. | the accounts do not accord with those records; or |
| 3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
| 4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
| I have no concerns and 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. |
| Helen Spauls |
| H. J. Spauls F.C.A |
| 12 Abbey Road |
| GRIMSBY |
| DN32 0HL |
| 22 July 2025 |
| FAVOUR FOUNDATION LTD. |
| STATEMENT OF FINANCIAL ACTIVITIES |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Unrestricted | Restricted | Total | Total |
| funds | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Charitable activities |
| EXPENDITURE ON |
| Charitable activities |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 51,330 |
| FAVOUR FOUNDATION LTD. (REGISTERED NUMBER: 05321038) |
| BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Unrestricted | Restricted | Total | Total |
| funds | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 8 |
| Unrestricted funds | 17,950 |
| Restricted funds | 33,380 |
| TOTAL FUNDS | 51,330 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| FAVOUR FOUNDATION LTD. |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102 updated by bulletin 1) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| Income |
| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
| Expenditure |
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Fixtures and fittings | - |
| Fixed assets are stated at cost less accumulated depreciation. The cost of minor additions under £200 are not capitalised. |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
| Designated funds have been allocated by the Trustees for specific purposes. The funds have arisen due to the use of volunteers instead of salaried staff to carry out projects which were supported by restricted funding. Each fund that has been designated has been agreed with the original funder. |
| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
| 2. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Independent examiners fee | 1,560 | 1,562 |
| Depreciation - owned assets |
| FAVOUR FOUNDATION LTD. |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 3. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023. |
| 4. | STAFF COSTS |
| The average number of employees during the year was 6 (2023 - 6). |
| There are no employees with emoluments in excess of £60,000 per annum. |
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| funds | funds | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Charitable activities |
| EXPENDITURE ON |
| Charitable activities |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| Transfers between funds | 3,300 | (3,300 | ) | - |
| Net movement in funds | ( |
) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 19,068 | 34,109 |
| TOTAL FUNDS CARRIED FORWARD | 17,950 | 33,380 | 51,330 |
| 6. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 October 2023 and 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| FAVOUR FOUNDATION LTD. |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Tax |
| Other creditors |
| 8. | MOVEMENT IN FUNDS |
| Net |
| At | movement | At |
| 1.10.23 | in funds | 30.9.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 17,950 | (6,819 | ) | 11,131 |
| Restricted funds |
| Other | 4,366 | (1,366 | ) | 3,000 |
| Grants for salaries | 10,625 | 150 | 10,775 |
| Grants for garden expenditure | 17,368 | (1,874 | ) | 15,494 |
| Grants for your place | 97 | - | 97 |
| Grants for carers events | 924 | (383 | ) | 541 |
| (3,473 | ) |
| TOTAL FUNDS | (10,292 | ) | 41,038 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 2,365 | (9,184 | ) | (6,819 | ) |
| Restricted funds |
| Other | 3,000 | (4,366 | ) | (1,366 | ) |
| Grants for salaries | 74,162 | (74,012 | ) | 150 |
| Grants for garden expenditure | 17,941 | (19,815 | ) | (1,874 | ) |
| Grants for carers events | - | (383 | ) | (383 | ) |
| ( |
) | (3,473 | ) |
| TOTAL FUNDS | ( |
) | (10,292 | ) |
| FAVOUR FOUNDATION LTD. |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 8. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
| Net | Transfers |
| At | movement | between | At |
| 1.10.22 | in funds | funds | 30.9.23 |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 19,068 | (4,418 | ) | 3,300 | 17,950 |
| Restricted funds |
| Other | 3,494 | 4,172 | (3,300 | ) | 4,366 |
| Grants for salaries | 10,876 | (251 | ) | - | 10,625 |
| Grants for garden expenditure | 18,185 | (817 | ) | - | 17,368 |
| Grants for your place | 421 | (324 | ) | - | 97 |
| Grants for carers events | 1,133 | (209 | ) | - | 924 |
| 34,109 | 2,571 | (3,300 | ) | 33,380 |
| TOTAL FUNDS | 53,177 | (1,847 | ) | - | 51,330 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 7,538 | (11,956 | ) | (4,418 | ) |
| Restricted funds |
| Other | 10,802 | (6,630 | ) | 4,172 |
| Grants for salaries | 69,203 | (69,454 | ) | (251 | ) |
| Grants for garden expenditure | 14,238 | (15,055 | ) | (817 | ) |
| Grants for your place | - | (324 | ) | (324 | ) |
| Grants for carers events | - | (209 | ) | (209 | ) |
| 94,243 | (91,672 | ) | 2,571 |
| TOTAL FUNDS | 101,781 | (103,628 | ) | (1,847 | ) |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net | Transfers |
| At | movement | between | At |
| 1.10.22 | in funds | funds | 30.9.24 |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 19,068 | (11,237 | ) | 3,300 | 11,131 |
| Restricted funds |
| Other | 3,494 | 2,806 | (3,300 | ) | 3,000 |
| Grants for salaries | 10,876 | (101 | ) | - | 10,775 |
| Grants for garden expenditure | 18,185 | (2,691 | ) | - | 15,494 |
| Grants for your place | 421 | (324 | ) | - | 97 |
| Grants for carers events | 1,133 | (592 | ) | - | 541 |
| 34,109 | (902 | ) | (3,300 | ) | 29,907 |
| TOTAL FUNDS | 53,177 | (12,139 | ) | - | 41,038 |
| FAVOUR FOUNDATION LTD. |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 8. | MOVEMENT IN FUNDS - continued |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 9,903 | (21,140 | ) | (11,237 | ) |
| Restricted funds |
| Other | 13,802 | (10,996 | ) | 2,806 |
| Grants for salaries | 143,365 | (143,466 | ) | (101 | ) |
| Grants for garden expenditure | 32,179 | (34,870 | ) | (2,691 | ) |
| Grants for your place | - | (324 | ) | (324 | ) |
| Grants for carers events | - | (592 | ) | (592 | ) |
| 189,346 | (190,248 | ) | (902 | ) |
| TOTAL FUNDS | 199,249 | (211,388 | ) | (12,139 | ) |
| Grants for salaries are from Henry Smith and The National Lottery. |
| Grants for garden expenditure are from Voluntary Action North East Lincolnshire and Phillips 66 (Humber Heart). |
| Other grants are from Voluntary Action North East Lincolnshire, Lincolnshire Com and Orsted. These are for themed workshops and computer/ cookery classes and a wood working skills hub, and for CCTV equipment in Grimsby Neighbourhood Centre. |
| 9. | RELATED PARTY DISCLOSURES |