| Page | |||||
|---|---|---|---|---|---|
| Legal and | administrative | information | |||
| Report of | the trustees | ||||
| Report of | the independent | auditors | to the members | ||
| Statement | offinancial activities |
||||
| Balance sheet | |||||
| Statement | ofcash tlows | 10 | |||
| Notes forming part ofthe |
financial statements |
| STATUS | The organisation | The organisation | is | a charitable | company limited |
company limited |
company limited |
by guarantee | by guarantee | and governed | by its memorandum | by its memorandum | and articles |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ofassociation. | The | charity exists | asa separate | legal entity | and | is independent | ofthe national charity the Royal |
||||||
| Mencap Society. | |||||||||||||
| DIRECTORS &TRUSTEES | The directors | of | the charitable | company ("the charity") are its trustees for |
the purpose of charity law and |
||||||||
| throughout this |
report are collectively referred to as the trustees. | In accordance | with the Articles | ofAssociation | |||||||||
| the trustees are | nominated and |
elected by the | members | in general meetings. |
The elected trustees have the |
||||||||
| power to co-opt other members | tothe board oftrustees to fill specialist roles. The trustees are normally elected | ||||||||||||
| on the basis that | they are suitably | experienced | to carry out the functions expected from members | ofthe board. | |||||||||
| The trustees serving during the |
period and since | the period end were as follows: | |||||||||||
| N. Cosgrove | -Chair | ||||||||||||
| C.Sterry | -Treasurer | ||||||||||||
| C.Walker | -Vice Chair | ||||||||||||
| K. Pugh | -Vice Chair | ||||||||||||
| D. Wand | |||||||||||||
| M. Baxter | |||||||||||||
| J.A. Badger J.Thompson A.J.Tkacz |
|||||||||||||
| C.A. Carter-Shepherd -Appointed |
6~ Feb 2023 | ||||||||||||
| L.Ward T.F.Viner H. Cooper J.C. Mitchell |
- Resigned -Resigned - Resigned -Resigned |
17'"Nov 2022 17'"Nov 2022 17'"Nov 2022 22"Mar 2023 |
|||||||||||
| COMPANY SECRETARY | D. Swindlehurst | ||||||||||||
| CHIEF EXECUTIVE | D. Swindlehurst | ||||||||||||
| SENIOR MANAGERS | Jonathan Raimondi —Appointed 25'"Apr 2022 Kelly Daubney —Appointed 15"June 2022 |
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| COMPANY NUMBER | 3168775 | ||||||||||||
| CHARITY NUMBER | 1056155 | ||||||||||||
| REGISTERED OFFICE | Norfolk Lodge | ||||||||||||
| Park Grange Road | |||||||||||||
| Sheffield | |||||||||||||
| S23QF | |||||||||||||
| BANKERS | Lloyds Bank pic | ||||||||||||
| 1 High Street | |||||||||||||
| Sheffield | |||||||||||||
| S1 2GA | |||||||||||||
| STATUTORY AUDITORS | Marriott Gibbs | Rees Wallis Limited | |||||||||||
| Unit 4 | |||||||||||||
| Broadfield Court | |||||||||||||
| Sheffleld | |||||||||||||
| S8OXF |
| YEAR END | YEAR END | YEAR END | YEAR END | ||||
|---|---|---|---|---|---|---|---|
| Notes | 31 MAR23 | 31 MAR 23 | 31 MAR23 | 31 MAR22 | |||
| RESTRICTED | UNRESTRICTED | TOTAL | TOTAL | ||||
| F | E | F | |||||
| Income from: | |||||||
| Donations, legacies |
& | similar income | 12,702 | 233,669 | 246,371 | 240,679 | |
| Charitable activities |
73,071 | 625,708 | 698,779 | 817,768 | |||
| Other trading activities |
245 | 245 | 40 | ||||
| investment income |
776 | 776 | |||||
| Total Income | 85,773 | 860,398 | 946,171 | 1,058,487 | |||
| Expenditure on: |
|||||||
| Fund-raising | 8,063 | 8,063 | 9,491 | ||||
| Charitable activities: |
|||||||
| Social activities | & projects | 42,961 | 137,231 | 180,192 | 231,954 | ||
| Training & support |
projects | 92,124 | 576,040 | 668,164 | 658,984 | ||
| Governance | 14,070 | 14,070 | 13,294 | ||||
| Total expenditure | 135,085 | 735,404 | 870,489 | 913,723 | |||
| Net income for the | year | (49,312) | 124,994 | 75,682 | 144,764 | ||
| Transfer between funds |
|||||||
| Net movement In funds |
(49,312) | 124,994 | 75,682 | 144,764 | |||
| Total funds brought |
forward | 88780 | 822, 224 | 011,004 | 766,240 | ||
| Total funds carried forward | 39,468 | 947,218 | 986,686 | 911,004 |
| YEAR END | YEAR END | ||||
|---|---|---|---|---|---|
| 31 MAR23 | 31 IVLAR22 | ||||
| E | |||||
| Cash flows from operating | activities: | ||||
| Net cash provided by operating |
activities | 122,445 | 147,594 | ||
| Cash flows from investing | activities: | ||||
| Dividends and interest received |
776 | ||||
| Purchase of tangible fixed assets | (16,876) | ||||
| Receipts from sales of investments | 250 | ||||
| Net cash provided by investing |
activities | (16,100) | 250 | ||
| Change in cash and cash equivalents |
in the year | 106,345 | 147,844 | ||
| Cash and cash equivalents brought |
forward | 660,750 | 512,906 | ||
| Cash and cash equivalents | carried forward | 767,095 | 660,750 | ||
| Cash and cash equivalents | consists of: | ||||
| Cash at bank and in hand |
767,095 | 660,750 | |||
| Reconciliation of net income/(expenditure) |
to net | ||||
| cash flow from operating activities |
|||||
| Net income for the year | 75,682 | 144,764 | |||
| Adjustments for: |
|||||
| Depreciation charges |
18,914 | 8,148 | |||
| Dividends and interest |
(776) | ||||
| (Increase) / Decrease in stock |
13 | (20) | |||
| (Increase) in debtors |
(4,599) | (8,039) | |||
| Increase in creditors |
33,211 | 2,741 | |||
| Net cash provided by operating |
activities | 122,445 | 147,554 |
| 1. a) |
Accounting policies Basis of preparing the financial statements |
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|---|---|---|---|---|---|---|---|---|---|---|
| Sheffield Mencap is a company limited by guarantee, registered in England and Wales. |
In the event | of the charity | being | wound up, |
||||||
| the liability in respect of the guarantee is limited to F1 per member of the charity. The address ofthe |
registered | office | is | given in the |
||||||
| charity information on page 1 ofthese financial statements. |
||||||||||
| The financial statements have been prepared under the historical cost convention and in |
accordance | with Accounting | and Reporting | |||||||
| by Charities: Statement of Recommended Practice applicable to charities preparing |
accounts | in | accordance | with | the Financial | |||||
| Reporting Standard applicable in the VK and Republic of Ireland issued in October 2019, |
the Financial | Reporting | Standard | applicable | ||||||
| in the UK and Republic of Ireland (FRS102),the Charities Act 2011,the Companies Act 2006 and UK |
Generally Accepted | Accounting | ||||||||
| Practice. | ||||||||||
| Sheffield Mencap meets the definition ofa public benefit entity under FRS 102. |
||||||||||
| b) | Going concern | |||||||||
| The financial statements have been prepared on the going concern basis as the trustees believe that there |
are | no material | ||||||||
| uncertainties | ||||||||||
| c) | Termination benefits |
|||||||||
| Termination benefits are payable when employment is terminated before the normal retirement |
date, or whenever | an employee | ||||||||
| accepts voluntary redundancy in exchange for these benefits. The charity recognises termination |
benefits when |
it is | demonstrably | |||||||
| committed to either (i) terminating the employment of current employees according to |
a detailed | formal plan without |
possibility of |
|||||||
| withdrawal or (ii) providing termination benefits as a result ofan offer made to encourage |
voluntary | redundancy. | ||||||||
| d) | Income | |||||||||
| Voluntary income, donations and grants are accounted for as receivable by the Charity, |
except when donors specify | that donations | ||||||||
| and grants given to the Charity, must be used in future accounting periods. This income |
is deferred | until these | periods. | The charity | ||||||
| includes legacies in the SOFA when the legacy has been received or if, before receipt, it |
becomes | reasonably certain that the legacy |
||||||||
| will be received and that the value ofthe incoming resources can be measured with sufficient reliability. |
||||||||||
| e) | Expenditure | |||||||||
| Expenditure is recognised when a liability is incurred. |
||||||||||
| Cost allocation - Certain expenditure is directly attributable to specific activities and has been included in those |
cost | categories. A | ||||||||
| proportion of staff, establishment and other costs (management and administration expenditure) |
that is not directly | attributable to |
||||||||
| individual projects/funds are allocated to the cost of running the project on a staff/time |
basis or on | an agreed | value | with the fund | ||||||
| provider. | ||||||||||
| Pension costs - The charity pays contributions into personal pension schemes on behalf ofcertain |
employees. | |||||||||
| Fixed Assets | ||||||||||
| Fixed assets are recorded atcost or, in the case where fixed assets were donated have been brought | into account | at their | approximate | |||||||
| market value by way of transfer from the fixed asset account to donations received. |
Additions | to | fixed assets | consists of items |
||||||
| purchased with a value ofover L1,500that are considered to have a useful economic life ofmore than |
one year. This threshold applies |
|||||||||
| to single items only. If required by exceptional circumstances or by restrictions placed |
on funds, | the threshold | value | may not be | ||||||
| applied. Depreciation is charged on a basis which is intended to write off the cost ofthe fixed assets |
over their estimated | lives, which | ||||||||
| are reviewed, on an annual basis. The depreciation rate on Land & Buildings has been amended |
to depreciate | assets | in line with | |||||||
| shorter ofthe estimated useful life and the lease term. The rates used for this purpose are: |
||||||||||
| Land and Buildings shorter ofthe estimated useful life and the lease term |
||||||||||
| Fixture and Fittings 15% |
||||||||||
| Equipment 20% |
||||||||||
| g) | Stock Stock is included at the lower ofcost and net realisable value. |
|||||||||
| h) | Debtors | |||||||||
| Trade and other debtors are recognised at the settlement amount due after any discount |
offered. | |||||||||
| Creditors | ||||||||||
| Creditors are recognised when the charity has a present obligation resulting from a past |
event that | will probably | result | in | the transfer | |||||
| of funds to a third party and the amount due to settle the obligation can be measured or estimated |
reliably. Creditors |
are normally | ||||||||
| recognised at their settlement amount after allowing for any trade discounts due. |
||||||||||
| Operating leases |
||||||||||
| All leases are considered to be 'operating leases' and the relevant annual rentals are charged wholly to the Statement |
of Financial | |||||||||
| Activities. | ||||||||||
| k) | Fund accounting | |||||||||
| Funds held by the charity are either: | ||||||||||
| restricted —these are funds that can only be used for a particular restricted purpose |
within the |
objects of the | charity. They are | |||||||
| incoming resources on which the donor has laid down conditions. | ||||||||||
| unrestricted general —incoming resources on which there is no restriction or designation. |
||||||||||
| designated fund —this has been set up to identify those unrestricted funds that are not free funds in that they |
represent the net |
|||||||||
| book value ofcapital assets attributable to the Charity's own reserves or are general funds earmarked |
by the trustees | for | a particular | |||||||
| purpose. |
| 2 | Donations, legacies | Donations, legacies | &similar income | YEAR END | YEAR END | YEAR END | YEAR END |
|---|---|---|---|---|---|---|---|
| 31MAR23 | 31MAR23 | 31 MAR 23 | 31MAR22 | ||||
| RESTRICTED | UNRESTRICTED | TOTAL | TOTAL | ||||
| E | |||||||
| General donations | 12,702 | 213,669 | 226,371 | 164,759 | |||
| Covid-19 support | (incl | Job Retention Scheme) | 70,370 | ||||
| Legacies | 12,702 | 20,000 233,669 |
20,000 246371, |
5,550 240679, |
| Charitable | Charitable | act | ivities | income | YEAR END | YEAR END | YEAR END | YEAR END |
|---|---|---|---|---|---|---|---|---|
| 31MAR23 | 31MAR23 | 31MAR 23 | 31MAR22 | |||||
| RESTRICTED | UNRESTRICTEO | TOTAL | TOTAL | |||||
| F | F | |||||||
| Social activities | &projects | 35,571 | 50,608 | 66,179 | 102,815 | |||
| Training | & | support projects | 37,500 | 575,100 | 612,600 | 714,953 | ||
| 73071 | 625,708 , | 898779,817,768 |
| 5 | Total expenditure | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Social | Training & |
YEAR END | YEAR END | ||||||
| activities & |
support | 31 MAR 23 | 31 MAR 22 | ||||||
| Fund-raising | projects | projects | Governance | TOTAL | TOTAL | ||||
| F | E | E | F | ||||||
| Activity expenses & materials |
4,134 | 7,767 | 10,465 | 22,366 | 32,319 | ||||
| Specialist workers | 875 | ||||||||
| Purchases (goods for resale) |
335 | ||||||||
| Client transport costs | 3,443 | 219 | 3,662 | 3,361 | |||||
| Staff costs | 46,431 | 413,317 | 459,748 | 474,511 | |||||
| Employers Nl |
3,104 | 25,932 | 29,036 | 30,191 | |||||
| Staff pensions | 810 | 12,623 | 13,433 | 15,447 | |||||
| Staff training | 29 | 29 | 2,708 | ||||||
| Staff travel 8 sundry expenses | 1,073 | 1,073 | 595 | ||||||
| Volunteer expenses | 349 | 714 | 1,063 | 670 | |||||
| Communications | 3 | 930 | 933 | 1,109 | |||||
| Stationery | 315 | 2,043 | 2,358 | 4,411 | |||||
| Repairs 8 renewals | 28 | 28 | 13,466 | ||||||
| Sundries | 216 | 280 | 1,374 | ||||||
| Bad debts | 2,249 | ||||||||
| Audit fees | 6,825 | 6,825 | 4,500 | ||||||
| Financial Accounts | 1,186 | ||||||||
| Property repairs & refurbishments |
456 | 456 | 10,887 | ||||||
| Management &administration |
charges | 22,851 | 137,880 | 160,731 | 156,564 | ||||
| Depreciation & profit/loss |
on asset disposals | 1,293 | 1,293 | 1,547 | |||||
| Support cost allocation (see note 5a) | 3,929 | 93,097 | 62,904 | 7,245 | 167,175 | 155,418 | |||
| 8,063 | 180,192 | 668,164 | 14,070 | 870,489 | 913,723 | ||||
| 5 | Total expenditure cont. |
||||||||
| a | Support costs allocated to activities (allocation basis) | ||||||||
| Social | Training & |
YEAR END | YEAR END | ||||||
| activities & |
sUpport | 31 MAR 23 | 31 MAR 22 | ||||||
| Fund-raising | projects | projects | Governance | TOTAL | TOTAL | ||||
| E | E | E | F | ||||||
| Staff costs (staff numbers) | 2,375 | 47,506 | 114,016 | 4,751 | 168,648 | 139,979 | |||
| Employers Nl (staff numbers) |
143 | 2,854 | 6,849 | 285 | 10,131 | 7,340 | |||
| Staff pensions (staff numbers) |
96 | 1,914 | 4,594 | 192 | 6,796 | 9,935 | |||
| Staff training (staff numbers) |
27 | 541 | 1,298 | 54 | 1,920 | 4,152 | |||
| Staff travel & sundry expenses | (staff numbers) | 6 | 121 | 290 | 12 | 429 | 70 | ||
| Volunteer expenses (staff |
numbers) | 18 | 363 | 871 | 36 | 1,288 | 803 | ||
| Communications (staff numbers) |
92 | 1,837 | 4,409 | 183 | 6,521 | 7,819 | |||
| Stationery (staff numbers) |
95 | 1,900 | 4,560 | 190 | 6,745 | 1,465 | |||
| Advertising (staff numbers) |
19 | 384 | 921 | 39 | 1,363 | 2,137 | |||
| Repairs &renewals (floor |
area) | 240 | 11,764 | 11,764 | 240 | 24,008 | 15,713 | ||
| Sundries (staff numbers) |
64 | 1,280 | 3,072 | 128 | 4,544 | 6,534 | |||
| Subscriptions (usage) |
6,247 | 6,247 | 12,494 | 11,862 | |||||
| Insurance (income) |
|||||||||
| Legal &professional (usage) |
2,277 | 4,933 | 379 | 7,589 | 33,337 | ||||
| Property costs: | |||||||||
| - light &heat (floor | area) | 160 | 7,860 | 7,860 | 161 | 16,041 | 15,327 | ||
| -water (floor area) | 24 | 1,160 | 1,160 | 24 | 2,368 | 1,125 | |||
| -repairs & maintenance |
(floor area) | 230 | 11,251 | 11,251 | 230 | 22,962 | 35,443 | ||
| -insurance (floor area) |
164 | 8,055 | 8,055 | 164 | 16,438 | 12,340 | |||
| Management &administration |
charges (actual) | (22,851) | (137,880) | (160,731) | (156,564) | ||||
| Depreciation &asset disposals |
(usage) | 176 | 8,634 | 8,634 | 177 | 17,621 | 6,601 | ||
| 3,929 | 93,097 | 62,904 | 7,245 | 167,175 | 155,418 |
| This is stated after | This is stated after | charging: | YEAR END | YEAR END |
|---|---|---|---|---|
| 31 MAR 23 | 31MAR 22 | |||
| f | f | |||
| Depreciation | 18,914 | 8,148 | ||
| Auditors' | remuneration | 6,825 | 4,500 | |
| Trustee | inderrr1ity | insurance | 442 | 442 |
| Analysis ofstaff costs, trustee remunerat |
Analysis ofstaff costs, trustee remunerat |
ion and expenses, and the cos |
t of key managem |
|---|---|---|---|
| Staff costs were as follow s: | YEAR END | YEAR END | |
| 31MAR 23 | 31MAR 22 | ||
| f | |||
| Salaries | and wages | 628,396 | 614,490 |
| Redundancy | |||
| Employer | Nl | 39,167 | 37,531 |
| Pensions | 20,229 | 25,382 | |
| 687,792 | 677,403 |
| 31MAR | 23 | 31MAR | 22 |
|---|---|---|---|
| 1 |
| Tangible fixed assets |
||||
|---|---|---|---|---|
| Leasehold Land |
Fixtures | |||
| 8 Buildings | &Fittings | Equipment | Total | |
| E | E | F | E | |
| Cost: | ||||
| Brought forw ard | 225,224 | 79,465 | 78,638 | 383,327 |
| Additions | 11,968 | 4,908 | 16,876 | |
| Disposal | ||||
| Carried forw ard | 237,192 | 79,465 | 83,546 | 400,203 |
| Depre elation: | ||||
| Brought forw ard | 88,958 | 61,105 | 70,130 | 220,193 |
| Charge for the year | 13,476 | 2,754 | 2,684 | 18,914 |
| On disposal | ||||
| Carried forw ard | 102,434 | 63,859 | 72,814 | 239,107 |
| Net book values: | ||||
| At 31 March 2023 | 134,756 | 15,606 | 10„732 | 161,096 |
| At 31 March 2022 | 136,266 | 18,360 | 8,508 | 163,134 |
| Stock | |||
|---|---|---|---|
| 31 | IN AR 23 | 31MAR 22 | |
| Coffee Bar | 127 | 40 | |
| Stationery | 300 | 400 | |
| General | 200 | 200 | |
| 627 | 640 |
| Debtors and | prepayments | ||
|---|---|---|---|
| 31 MAR 23 | 31 MAR 22 | ||
| f | f | ||
| Prepayments | and accrued income | 17,240 | 3,127 |
| VAT | 7,896 | 13,968 | |
| Other debtors | 110554 | 113,976 | |
| 135,670 | 131,071 |
| Credito | rs: Amo | unts | falling due within one year | ||
| 31MAR 23 | 31MAR 22 | ||||
| f | |||||
| Taxation | and social security | 10,750 | 10,969 | ||
| Accruals | and deferred | income | 67,052 | 33,622 | |
| 77,802 | 44,501 | ||||
| Defer red In corn | e move ment | f | |||
| Balance | at 1 April | 2022 | 1,010 | ||
| Amount | released | to incoirIng resources | (1,010) | ||
| Armunt | deferred | in the | period | 40,000 | |
| Balance | at 31 March 2023 | 40,000 |
| Analysis | ofnet assets between funds: | ||||
|---|---|---|---|---|---|
| Restricted | General | Designated | Total | ||
| Funds | Funds | Funds | Funds | ||
| f | f | f | |||
| As at 31 | March 2023 | ||||
| Tangible | fixed assets | 6,725 | 154,371 | 161,096 | |
| Net current assets | 32,743 | 722,847 | 70,000 | 825,590 | |
| Net assets at 31 March 2023 | 39,468 | 722,847 | 224,371 | 986,686 | |
| As at 31 | March 2022 | ||||
| Tangible | fixed assets | 8,018 | 155,116 | 163,134 | |
| Net current assets | 80,762 | 597,108 | 70,000 | 747,870 | |
| Net assets at 31 March 2022 | 88,780 | 597,108 | 225,116 | 911,004 |
| 14 | Movement In funds: |
|||||
|---|---|---|---|---|---|---|
| For the year ended 31 March 2023 | At 1Apr 22 | Income | Expenditure | Transfers | At31Mar 23 | |
| E | f. | E | ||||
| Restricted funds: | ||||||
| Restricted donations | 40,373 | 30,696 | (53,335) | 17,734 | ||
| Learning Hub |
131 | 131 | ||||
| Sharing Caring Project |
2,406 | 37,500 | (39,773) | 133 | ||
| Fitness Fanatics Project | 30 | (30) | ||||
| Radio Project | 8,972 | 7,806 | (12,065) | 4,713 | ||
| Corrfrttnicate Project |
11,672 | 9,771 | (10,956) | 10,487 | ||
| Carer's Outreach Project |
25,196 | (18,926) | 6,270 | |||
| 88,780 | 85,773 | (135,085) | 39,468 | |||
| Unrestricted funds: |
||||||
| General funds | 597,108 | 860,398 | (717,783) | (16,876) | 722,847 | |
| Designated funds |
225,116 | (17,621) | 16,876 | 224,371 | ||
| 822,224 | 860,398 | (735,404) | 947,218 | |||
| Total Funds | 911,004 | 946,171 | (870,489) | 986,886 |
| Restricted | Unrestricted | Total | |||
|---|---|---|---|---|---|
| Income from: | |||||
| Donations, legacies 8 |
sirrilar income | 45,335 | 195,344 | 240,679 | |
| Charitable activities |
157,848 | 659,920 | 817,768 | ||
| Other trading activities |
40 | ||||
| Investrrent income |
|||||
| Total incorre | 203,183 | 855,304 | 1,058,4&7 | ||
| Expenditure on: |
|||||
| Fund raising | 9,491 | 9,491 | |||
| Charitable activities: |
|||||
| Social activities | &projects | 78,689 | 153,265 | 231,954 | |
| Training and support |
projects | 118,418 | 540,566 | 658,984 | |
| Governance | 13,294 | 13,294 | |||
| Total expenditure | 197,107 | 716,616 | 913,723 | ||
| Net income / (expenditure) |
for the year | 6,076 | 138,688 | 144,764 | |
| Transfer betw een funds |
(25,390) | 25,390 | |||
| Net movement in funds |
19,314) | 164,676 |