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
								2008		2007
								£		£
	Day centre
	BBC Children in Need							28,758		25,590
	Gyde Trust							5,000		7,400
	Henry Smith Charity							5,000		-
	Peter Lang Trust							5,000		7,500
	Lincoln Financial Group							5,950		5,450
	VITOL							4,954		-
	Big Lottery							-		10,507
	Prison Visitor Centre:
	Zurich Community Trust							-		2,000
	The Tudor Trust							8,000		6,500
	Lloyds TSB Foundations							-		5,000
								62,662		69,947
3	Resources expended
				2008						2007
				Unrestricted		Restricted		Total		Total
		Notes		Funds		Funds
				£		£		£		£
	Staff costs	4		79,449		50,134		129,583		124,766
	Depreciation			241		5,384		5,625		4,952
	Independent accountants' fees			1,000		-		1,000		940
	Other costs			21,355		8,644		29,999		29,961
				102,045		64,162		166,207		160,619
	No remuneration was paid to the trustees during the year and nor were there were any expenses reimbursed to trustees (2007 : £Nil).
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4	Staff and trustees
								2008		2007
								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							120,158		115,945
	Social Security costs							9,425		8,821
								129,583		124,766
	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 2007			225,247		4,702		16,998		246,947
	Additions			-		3,136		-		3,136
	At 31 March 2008			225,247		7,838		16,998		250,083
	Depreciation
	At 1st April 2007			37,399		4,324		16,036		57,759
	Provided in year			4,505		879		241		5,625
	At 31 March 2008			41,904		5,203		16,277		63,384
	Written down value
	At 31 March 2008			183,343		2,635		721		186,699
	At 31st March 2007			187,848		378		962		189,188
	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					721		185,978		186,699
	Current Assets					106,387		11,790		118,177
	Current liabilities					(3,550)		-		(3,550)
	Net assets as at 31 March 2007					103,558		197,768		301,326
7	Movement in Funds
		Opening balance		Incoming resources		Outgoing resources		Transfers		Closing balance
		£		£		£		£		£
	Restricted funds
	Day centre
	BBC Children in Need	4,687		28,758		(28,617)		-		4,828
	Gyde Trust	-		5,000		(5,000)		-		-
	Henry Smith Charity	-		5,000		(5,000)		-		-
	Peter Lang Trust	-		5,000		(2,500)		-		2,500
	Lincoln Financial Group	4,088		5,950		(5,576)		-		4,462
	VITOL			4,954		(1,818)		(3,136)		-
	Prison play area:
	Zurich Community Trust	2,000		-		(2,000)		-		-
	The Tudor Trust	-		8,000		(8,000)		-		-
	Lloyds TSB Foundations	267		-		(267)		-		-
	Fixed Assets	188,226		-		(5,384)		3,136		185,978
		199,268		62,662		(64,162)		-		197,768
	General Fund	100,177		105,426		(102,045)		-		103,558
		299,445		168,088		(166,207)		-		301,326
	BBC Children in Need, Gyde Trust and Henry Smith Charity provide funds for the nursery, Peter Lang Trust for work with underprivileged children, Lincoln Financial Group for the healthy eating programme and VITOL for flood damage repair work.