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|||||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|||||||||||||
|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|||||||||||||
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|||||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||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||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|144,764|