THE FAMILY HAVEN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2007
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1.	Accounting Policies
	Basis of accounting
	The financial statements have been prepared under the historical cost convention, in accordance with applicable Accounting Standards and the Companies Act and comply with the Statement of Recommended Practice Accounting and Reporting by Charities.  The policies adopted for items which are judged material to the financial statements are as follows:
	Incoming resources
	Donations and gifts are recognised as income when received except where any restrictions on expenditure demand that a proportion be carried forward as deferred income. The donations under Gift Aid are recognised when receivable.  The associated income tax recovery is recognised when the recovery is receivable. Interest is recognised as income when receivable. Grants are recognised as income when they are received provided conditions for receipt have been complied with, unless they relate to a specified future period in which case they are deferred.
	Resources expended
	Resources expended are recognised on an accruals basis. They are allocated to activities based on actual usage and time spent. Establishment and support costs are all allocated to the activity of provision of client care as no other activity uses a significant amount of such facilities. Costs of activities in furtherance of the charity’s objects comprise those costs incurred by the charity as a result of the delivery of its service. Costs of generating funds comprise the costs associated with attracting voluntary income. Governance costs comprise those costs incurred by the charity in meeting its constitutional and statutory requirements.
	Fixed assets
	Tangible fixed assets are included in the balance sheet at cost less depreciation.
	Depreciation
	Depreciation is calculated so that the cost of tangible fixed assets less their residual value are written off over their estimated useful lives at the following rates: Freehold property                   2% straight line Equipment                            25% written down value
	Restricted funds
	The restricted funds represent the funds specifically earmarked for the charity's property and other projects, specified by the donor.
	Unrestricted funds
	Unrestricted funds are funds which can be utilised at the discretion of the trustees.
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2	Restricted grants
								2007		2006
								£		£
	Day centre
	Big Lottery	Outreach						10,507		41,992
	BBC Children in Need	Nursery Support						25,590		21,400
	Gyde Trust	Nursery Support						7,400		-
	Peter Lang Trust	Support for underpriviledged children						7,500		-
	Lincoln Financial Group	Healthy  eating						5,450		-
	Prison Visitor Centre:
	Zurich Community Trust	Staff support						2,000		3,000
	The Tudor Trust	Staff support						6,500		4,000
	Lloyds TSB Foundations	Staff support						5,000		10,000
								69,947		80,392
3	Resources expended
				2007						2006
				Unrestricted		Restricted		Total		Total
		Notes		Funds		Funds
				£		£		£		£
	Staff costs	4		55,267		69,499		124,766		124,429
	Depreciation			321		4,631		4,952		4,951
	Auditors' remuneration			-		-		-		1,560
	Independent accountants' fees			940		-		940		-
	Other costs			22,572		7,389		29,961		20,893
				79,100		81,519		160,619		151,833
	No remuneration was paid to the trustees during the year and nor were there were any expenses reimbursed to trustees (2006 : £Nil).
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4	Staff and trustees
								2007		2006
								Number		Number
	The average numbers of people employed by the
	charity during the year were:
	Fundraising							1		1
	Day centre							9		9
	Prison visitor centre							1		1
								11		11
								£		£
	Staff costs for the above persons:
	Wages and salaries							115,944		116,575
	Social Security costs							8,822		7,854
								124,766		124,429
	There were no employees with emoluments of over £60,000.
5	Tangible fixed assets
				Freehold
				land and
				buildings		Equipment		Equipment		Total
				Restricted Funds				Unrestricted
				£		£		£		£
	Cost
	At 1st April 2006			225,247		4,702		16,547		246,496
	Additions			-		-		451		451
	At 31 March 2007			225,247		4,702		16,998		246,947
	Depreciation
	At 1st April 2006			32,894		4,198		15,715		52,807
	Provided in year			4,505		126		321		4,952
	At 31 March 2007			37,399		4,324		16,036		57,759
	Written down value
	At 31 March 2007			187,848		378		962		189,188
	At 31st March 2006			192,353		504		832		193,689
	All fixed assets are used in direct furtherance of the Charity's objectives.
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6	Analysis of Net Assets Between Funds
						Unrestricted		Restricted		Total
						£		£		£
	Tangible Fixed Assets					962		188,226		189,188
	Current Assets					105,353		11,042		116,395
	Current liabilities					(6,138)		-		(6,138)
	Net assets as at 31 March 2007					100,177		199,268		299,445
7	Movement in Funds
				Opening balance		Incoming resources		Outgoing resources		Closing balance
				£		£		£		£
	Restricted funds
	Day Centre
	Big Lottery			7,005		10,507		(17,512)		-
	BBC Children in Need			4,875		25,590		(25,778)		4,687
	Gyde Trust			-		7,400		(7,400)		-
	Peter Lang Trust			-		7,500		(7,500)		-
	Lincoln Financial Group			-		5,450		(1,362)		4,088
	Prison Visitor Centre
	Zurich Community Trust			3,000		2,000		(3,000)		2,000
	The Tudor Trust			-		6,500		(6,500)		-
	Lloyds TSB Foundations			3,103		5,000		(7,836)		267
	Fixed Assets			192,857		-		(4,631)		188,226
	General Fund			88,010		91,267		(79,100)		100,177
				298,850		161,214		(160,619)		299,445
	The Big Lottery provide support for the Outreach project, BBC Children in Need and Gyde Trust for the nursery, Peter Lang Trust for work with underprivileged children and Lincoln Financial Group for the healthy eating programme.