Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Company Registration No. 03143339 (England and Wales) Charity Registration No. 1057519
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees J Moffatt J Vtheeler Secretary S Smith Charity number 1057519 Company number 03143339 Principal address 9 Salem Street Bradford BD14QH Registered office 9 Salem Street Bradford BD14QH Independent Examiner Colin Whitehead BA (HONS), FCA Azets Audit Setvices Ltd Carlton House Grammar School Street Bradford BD14NS Bankers Co-operative Bank PIC 19120 Commercial Street Leeds LS16AL Shawbrook Bank Queens Court 24 Queens Court Manchester M2 5HX Scottish Widows Bank P O Box 12757 67 Morrison Street Edinburgh EH3 8YJ
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED CONTENTS Page Trustees report Independent examinerfs report Statement of financial activities Balance sheet 10 Notes to the accounts 11-23
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report and financial statements for the year ended 31 March 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practi 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)" Yorkshire Family Mediation Service Limited (Ua Yorkshire Family Mediation) is also referred to as YFMS. Objectives and activities Mission The charity's mission is.. To provide a se1 that helps parents and couples whose relationships are ending or have already ended, to dissolve those Trlationships in a way that causes least dIstSS to themselves and to their children, both emotionally and financially. The founders of YFMS held a firm belief in mediation being the most positive and constructive way to resolve conflict within families. Furthemiore. they believed mediation was a way to help resolve disputes whilst introducing users to the potential of solving other life problems through discussion and agreement rather than through argument. Aim The charity's aim is to make the family mediation service available and accessible to all families and family members affected by divorce, separation and family relationship breakdown. It's work is to help separating couples achieve the best possible outcomes for themselves and their children. We will promote good parenting, fairness and respect towards each other through and beyond the separation process. The aims, objectives and activities are reviewed each year. This review looks at what the charity has achieved and the outcomes of its work over the previous 12 months. The review considers the key activities and what benefits they have brought to those the charity was set up to help. The review helps the charity stay focused on its aims and objectives. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our fvture activities. In parb¢ular, we have considered how planned activities will contribute to our aims and objectives and consider they have complied with the duty of section 4 of the 2011 Charites Act. BACKGROUND Introduction. Each year in the UK. many thousands of relationships end, often leaving people in financial distress, presented with difficulties maintaining meaningful Contact between estranged parents and their Children. Unfortunately, it is not uncommon for otheMise financially secure individuals to be cast into unforeseen poverty whilst isolated from their children. This situation has been exacerbated over the past three years with the financial and social affect of Covid-19, followed by a long period of financial uncertainty and the nationwide (if not global) cost of living crisis. How Many Affected? It is always difficult to accurately estimate the number of people affected annually by relationships ending. The make-up of the 'modem family. does not necessarily involve a marriage and there are no systems in place available to capture exactly how many relationships end each year in the UK. Divorce rates can be accurately captured, it is estimated that 420/0 of marriages ended in divorce in the UK during 2023 (the latest government figures for divorce in the UK were released for 2022 and cited 80,000 cases that year).
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED TRUSTEES REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Family Courts. The most recognised route for people to address issues such as a fair separation of their financial assets and to work to a joint parenting plan for their children has traditionally been to attend Family Court and allow a judge to make a decision on the situation. Unfortunately, this route has become very expensive (with legal aid only available in certain circumstances), it is a lengthy, often stressful process and can be seen as unfair. The UK Family Courts have always worked under pressure of numbers, however, since 2020, the system has been under significant strain. The courts have seen case backlogs continue to rise, resulting in over 100,000 children trapped in the court system during 2023, often waiting almost a year for decisions to be made about their future. Such a situation is affecting children and exacerbating uncertainty and conflict beeen their parents, causing unnecessary delays which prevent parents from being able to see their children. Mental Health Affects to Those Involved. Divorce and separation have been linked to increased anxiety and depression amongst former partners. however, quite significant is the finding that amongst children involved in private law proceedings, the rate of depression is 600kn higher and the rate of anxiety 30D/o higher than their peers in comparison groups". Family Mediation as an Alternative to CourL Family Mediation is seen as an effective alternative to attending court. It is a prOsS that allows both adults, and often their children, to have a say in how they see their futures and it allows open disclosure of finances in order to reach an agreement beeen the adults on how they will move forward in an equitable and fair manner whilst ensuring their children have the best, supportive upbringing both parents can provide. Family mediation is a much swfter process, it is often less stressful, and it is a more cost-effective way to deal wth the situation. Legal Aid funding is available to those who qualify and this is supported by a Ministry of Justice voucher scheme providing up to £500 toward fees for those that do not qualify for legal aid lin cases involving children). Action to Help Reduce Backlog in the Courts. In order to help reduce Family Court backlog and to aid families in the system, the Ministry of Justice recently published a new paper (January 2024)." 'Children's wellbeing at the heart of family court f0mis,). This paper outlined new proposals to ensure children will be better protected from the impact of lengthy courtroom battles thanks to measures introduced to help families resolve disputes as swifuy and as easily as possible. There were initial thoughts of making family mediation compulsory for all prior to attending court, however, the final decision is that Mediation Infomation and Assessment Meetings {MIAMs) directed by the court are to be strengthened but the plans to introduce mandatory mediation before making a court application were not pursued. MISSION Since our inception nearly 30 years ago (January 1995), we have sought to safeguard and preseNe the physical and mental health of all those involved in relationship breakdowns and to help relieve povety arising as a result by ensuring family mediation is available for all. regardless their personal situation. Mission Compliance. We ensure that we comply wth our mission by providing our services to everyone who approaches us, regardless their financial standing We hold a Legal Aid Agency contract that equips us to provide family mediation to those who could othewse not afford it and for those who do not qualify for legal aid but find themselves in significant financial duress, we hold a small bursary to offset the cost of their mediation. We also provide services for privately paying dients.
https..I.nuffleldfjo.Org.uklresource/unC0Ven*pVatfaMI1Y-IaW-anxIety-and-depresSIon-amOng-ch1ldren- and-young-people ' https.'IMw.gov.uklgovernmenUnewslchildrens-wellbeing-at-the-heart-of-family-court-reforms
There are exceptions to this, for example when courts have forbidden contact between parties or in accordance with guidance published by the Family Mediation Council in relation to domestic violence cases
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED TRUSTEES REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 OPERATIONS DURING FY2023 - 2024 Locations. The service has cont'nued to deliver ServIS both in person at Leeds, Bradford, and York and remotely via online services. Since the end of Covid restrictions (during which we delivered services exclusively online). it has been a long and slow process to build fa to face client numbers with the majority preferring to conduct mediations remotely from the comfort of their home rather than travelling to our suites. Client feedback suggests that 80 % of dients prefer remote mediation. Client Numbers. We delivered services to a total of 1029 clients this year, a small increase of 20/0 over the previous year. Not all of the clients attending the SeiCe proceed from MIAM to mediation. This is expected and there are a number of reasons for this, for example. only one party may wish to mediate at that time, the case may appear unsuitable for mediation by the mediator or, in some cases. the dient may have attended mediation with the sole purpose to obtain papeOrk to attend court. This year, 183 cases proceeded to mediation (a slight drop of 20/0 over the previous year) with 336 mediation sessions delivered in total lan increase of 140k over the previous year). 360/0 of clients proceeded to mediation (a 10/0 drop on last year's conversion rate). Case Results Our mediation cases have a number of outcomes: the case may breakdown with no agreements made, some agreements may be reached but no memorandum of understanding agreed upon, full agreements may have been reached and, in cases that indude children as well as propety and finances, in some cases agreements are only reached with regard to children and in others, full agreements in all three areas reached. Of this year's cases, 115 broke down during mediation with 38¥0 of cases reaching full or partial agreements. Case Results reements made. no MOU Full agreements made Case broke dovm AIM - agreement made regard to children AIM- agreement made onlyfor prop & finances
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED TRUSTEES REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 FINANCES Our financial outcome at the end of FY23 - 24 is encouraging. Vle delivered under target in most areas wth no notable overspends and our main income areas (Legal Aid fees and private client income) were close to target and, in the latter case, surpassed our target. As previously explained, the Servi has been operating in a challenging environment over the past 12 months. Despite this, we are very pleased to confirm that during the financial year. we achieved an income of £193,540 against expendilure of £187,881, producing a total of £5,659 ex$$ funds (a working profit of 30kn). Being a service based organisation, with stsff directly supporting people. it is expected that a significant proportion of our expenditure will be connected to annual salaries. This year was no exception with a total of 780A of expenditure being salary related to both employed and contracted staff. STAFFING We are a mix of employed staff (seven), contracted staff (five) and volunteers (three trustees). Vmth the exptIOn of the trustees, the service is loosely split into tsvo teams, the support element (six stafQ and the operational element - mediators (six staffj. Support. This comprises the Administration Team. the Service Manager, Office Manager and our Professional Practice Consultsnt. An exiremely busy side of the service which deals with all enquiries from the public originating via Google, our website and word of mouth and contacting us via telephone, email, webchat and Google messages. The system in place is very proficient, however, input and security of dala, coupled with the set procedures for medialion result in a lot of work to be conducted by a busy team which also supports the administration for the mediation team. Without the professionalism and dedication of this 'behind the scenes, team. the charity would not be able to deliver its services to the public. Operational. Our mediation team have worked incredibly hard again this year which has regularly seen our mediators conducting up to six MIAMS each day. This is long, often stressful work and the dedication to the service and public in general of the team is fully recognised. Trustees. Our three trustees have also worked hard to help ensure the smooth running of the service. They have ensured the service is carrying out its purposes for the public benefit, that we comply with our governing document and all charity associated laws. that we act in the charity's best interests and that we do so with reasonable Ca and skill. Their contribution over the past 12 months is clearly recognised by all staff. Fundraising Section 162a of the Charities Act 2011 requires charities to make a statement regarding fundraising activities. The legislation defines fundraising as 'soliciting or otherwise procuring money or other property for charitable purposes,. The charity does not actively raise funds from the public either directly or via use of an agent, accordingly no such amounts are presented in the financial statements for the year under review. The charity has received no complaints in relation to fundraising activty for the year under review. Given the nature of the funding of the charity the Trustees consider that it remains appropriate not to be voluntarily bound to be regulated by the Fundraising Regulator. Financial review The income for the year amounted to £193,540 (2023 £189,975) fjth expendrture amounting to £187,881 (2023 £185,962), resulting in a net surplus of £5,659 (2023 £4,013). It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to beeen six to nine months based on this year's budget1£95.000-£143,000). The trustees consider that reserves at this level wll ensure Ihat in the event of a significant drop in funding they 11 be able to continue the charity's current activities whilst consideration is given to ways in which additional funds may be raised.
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED TRUSTEES REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 While unrestricted free funds stand at £106.245 (2023 £95.318) there are also designated funds of £23,799 (2023 £21,205}. These designated funds are to cover the value of any fixed assets and any staffing contingencies that may arise, such as covering the cost of sickness, matemity and other statutory pay requirements and the cost of temporary cover required in these instances. Furthermore, it is to cover the cost of potential staff redundancies in the event of a loss of funding. The present level of free reserves available to the charity is within the required level. The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. LOOKING FORWARD FY24-25 offers us a lot of opportunity to continue expanding our influence across both North and West Yorkshire while continuing io provide a quality, Streamlined servi. The Ministry of Justice is now being robust in encouraging people to attempt family mediation prior to attending court, and this, coupled with an extension of their £500 mediation voucher should see our dient numbers gradually rise over the year. We still need to identify and recruit further family mediators rf V are to continue to expand our reach. This has always been an area of difficulty due to many reasons. not least a general shortage of qualified. accredited family mediators across the country. We a working hard to find solLrtions to this and hope to report positive news in our next report.
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED TRUSTEES REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management The Charity is a company limited by guarantee registered in England and Wales on 13 August 1996. The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were= J Moffatt A MacKay J Wheeler S Green (Resigned 21 October 2023) (Resigned 21 October 2023) Under the requirements of the Memorandum and Artides of Association the members of the Management Committee are elected to serve for a period of one year after vthich they must be rfrelected at theAnnual General Meeting. The management committee seek to ensure that the needs of the charity are appropriately reflected through the diversity of the trustee body. Potential trustees are invited to meet with the seprfice manager for an informal introduction and overview of the organisation. Infomiation given to potential trustees indudes- The obligations of the management committee members The main documents which outline the operational framework of INest Yorkshire Family Mediation, including the Memorandum and Articles ofAssociation The organisation's finanaal position. as set out in the latest published accounts and quarterly financial reports Future plans The potential trustee is invited to attend one or more general meetings of the management committee to observe how reporting and decision-making discussions and operations are undertaken and to meet and talk with other committee members. In addition to internal documents and reports, various Charity Commission publications are provided to potential trustees to assist their understanding of the role of the management committee and its members. Following this introduction to the organisation. the potents-al trustee is invited to make an application to become a committee member. None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up. Indemnity Insuran has been taken out during the year at a cost of £450 (2023- £400).
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED TRUSTEES REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The management committee should be made up of a minimum of 3 members (currently 2) who meet quarterly and are responsible for agreeing the strategic direction and policy of YFMS. A representative from the organisation's accountants, Azets Audit servIs Limited, attends the quarterly meetings to advise on questions of finance. Day to day responsibility for the provision and development of services rests with the Service Manager. The servi Manager is responsible for ensuring that the charty delivers the services specified. The Service Manager oversees day to day running of the organisation and its operations. Responsibility for individual supervision of staff teams and ensuring that the teams continue to develop their skills and working practices lies th the Service Supervisor {mediation team) and the Office Manager (administration team), who report back to the Setvice Manager. The Trustees report was approved by the Board of Trustees. Do¢uSWJned . 149B495... Trustee Dated: 1 August 2024
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YORKSHIRE FAMILY MEDIATION SERVICE LIMITED I report on the financial statements of the Charity for the year ended 31 March 2024, which are set out on pages 9t023. Respective spOnSibl11t1es of Trustees and examiner The Charity s Trustees, who are also the directors of Yorkshire Family Mediation Service Limited for the purposes of company law, are responsible for the preparation of the financial statements. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to.. examine the financial statements under section 145 of the 2011 Act-, (li) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5){b) of the 2011 A¢t- and {iii) to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also indudes consideralion of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a 'true and fair view, and the report is limited to those matters set out in the nexi statement. Independent examinerfs statement In connection with my examination, no matter has come to my attention" (a) which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006,. and (li) to prepare financial statements which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities" have not been met or (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. ¥ffRfad FCA, MAAT. BA (HONS) Independent Examiner Azets Audit Services Ltd Carlton House Grammar School Street Bradford BD14NS Dated: 1 August 2024
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Charitsble activities Investments 4,100 174,963 912 10,000 14,100 174,963 912 192,390 1,150 192,390 1,150 Total income 193,540 193,540 179,975 10,000 189,975 enditure on: Charitable activities 180.019 7.862 187,881 182,017 3,945 185,962 Net incomel(expenditure) for the yearl Net movement in funds 13,521 (7,862) 5,659 (2,042) 6,055 4,013 Fund balances at 1 April 2023 116.523 9.504 126,027 118,565 3,449 122.014 Fund balances at 31 March 2024 130,044 1,642 131,686 116,523 9,504 126,027 The ststement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 11 1.749 2.105 Current assets Debtors Cash at bank and in hand 12 19,931 117,506 18,864 112,339 137.437 131,203 Creditors: amounts falling due within one year 13 (7.500) (7.281) Net current assets 129.937 123.922 Total assets less current liabilities 131.686 126.027 Income funds Restricted funds Unrestricted funds Designated funds General unrestricted funds 14 1,642 9,504 15 23,799 106.245 21,205 95,318 130,044 116,523 131.686 126.027 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The Trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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 accounts, so far as applicable to the company. The members have not required the company to obtsin an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordan with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 1 August 2024 tloGuSigned by: 6ffate2149B495... Trustee Company registration number 03143339 10-
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Yorkshire Family Mediation Service Limited is a prrvate company limited by guarantee incorporated in England and Wales. The registered office is 9 Salem Street, Bradford, BD14QH. 1.1 Accounting convention The accounts have been prepared in accordance with the Charity's Memorandum and Articles of Assoication, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling. which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. 1.2 Going concern At the time of approving the financial statements. the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable ftjture. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in fvrtheran¢e of their charitable objectives. Restricted funds are subject to specific Conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Cash donations are recognised on receipt. Other donations are recognised On the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. Income is recognised when the Charity is legally entitled to it after any perfomiance conditions have been met. the amounts can be measured reliably. and it is probable that income wll be reived. 1.5 Expenditure Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature neSSary to support them. 11
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continued) 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the Cost or valuation of assets less their residual values over their useful lives on the following bases= Fixtures and fittings 25% straight line The gain or loss arising on the disposal of an asset is detemiined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date. the Charity reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the exient of the impaimient loss {if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charty's balan sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and setue the liability simultsneously. Basic financial assets Basic financial assets, which indude debtors and cash and bank balan$, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured al the present value of the fvture receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction pri and subsequently measured at amortised Cost using the effective interest method. 12-
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continued) Derecognition of financial liabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the Charitys accounting policies, the Trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods vh)ere the revision affects both current and future periods. 13-
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donations and legacies Total Unrestricted Restricted funds funds funds 2024 2023 2023 Total funds 2023 Donations and gifts Grants listed below 4,100 4,100 10,000 10,000 4,100 10,000 14,100 Grants receivable for core activities National Lottery (Clients) 10,000 10,000 10,000 10.000 Charitable activities Unrestricted Unrestricted funds funds 2024 2023 Mediation fees Services provided under contract 111,255 81,135 95.753 79.210 192,390 174.963 Investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 1,150 912 14-
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities Unrestricted Unrestricted funds funds 2024 2023 staff costs Sessional mediator fees Travel and subsistence Training costs 72,096 35,650 84 773 70.003 37,440 108,603 107,443 Share of support costs (see note 7) Share of governance costs (see note 7) 77,558 1,720 76,969 1.550 187,881 185.962 Analysis by fund Unrestricted funds Restricted funds 180,019 7,862 182,017 3,945 187,881 185,962 15-
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Governance costs costs 2024 SupportGovernance costs costs 2023 staff costs Depreciation Operating lease charges Rent, rates and service charges Insurance Telephone Computer Soare and maintenance Printing, postage and stationery Subscriptions and affiliation fees Sundry expenses Advertising Bank charges Accountancy fees 41,598 41,598 884 711 10,515 1,184 1,559 41,050 1,096 1,256 11,276 975 1,425 41,050 1,096 1,256 11,276 975 1,425 711 10,515 1,184 1,559 10.222 1.118 1,905 1,219 1,243 2,674 2,726 10.222 1,118 1,905 1,219 1,243 2,674 2,726 9,512 682 1,738 2,070 146 2,256 3,487 9.512 682 1,738 2,070 146 2,256 3,487 Independent examiner's fee 1,720 1,720 1,550 1,550 77.558 1,720 79.278 76,969 1,550 78,519 Analysed beeen Charitable activities 77.558 1.720 79.278 76.969 1,550 78.519 All costs are allocated to the sole aclivity of the charity. Trustees None of the TNstees (or any persons connected wth them) received any remuneration, benefits or expenses from the Charity during the current or previous year. 16-
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees Number of employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 110,856 1,578 1,260 108,505 1.805 743 113,694 111.053 There were no employees whose annual remuneration VRS £60,000 or more (2023 none). 10 Taxation The charity is exempt from tax on income and gains falling viithin section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 11 Tangible fixed assets Fixtures and fittings Cost At 1 April 2023 Additions 5,085 529 At 31 March 2024 5.614 Depreciation and impaimient At 1 April 2023 Depreciation charged in the year 2.981 At 31 March 2024 3,865 Carrying amount At 31 March 2024 1,749 At 31 March 2023 2,105 17-
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Debtors 2024 2023 Amounts falling due within one year: Prepayments 19,931 18.864 13 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Accruals 3,472 4,028 3,019 4,262 7,500 7,281 14 Restricted funds The income funds of the charity include restricted fvnds comprising the following unexpended balances of donations and grants held on trust for specific purposes.. Movement in funds Incoming Resources Balance at resources expended 1 April 2023 Balance at 1 April 2022 Resources Balance at expended 31 March 2024 Fixed assets Clients Outreach services 25 3,424 {25) {1,082) {2,838) 2,342 7,162 (700) (7,162) 1,642 10,000 3,449 10,000 {3,945) 9,504 (7,862) 1,642 The National Lottery funded client mediation. The National Lottery funded outreach services 18-
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Designated funds The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.. Balance at 1 April 2022 Transfer5 Balance at 1 April 2023 Resources expended Transfers Balance at 31 March 2024 Staffing contingency Fixed assets 16.000 3,100 1,141 19.100 2.105 2,950 528 22,050 1,749 (884) 16.964 4,241 21.205 (884) 3,478 23.799 staffing contingency is to cover cost of sickness, matemity and other statutory pay requirements and the cost of temporary cover required in these instances, also to cover the cost of potential staff redundancies, this expenditure is not expected in the foreseeable future. Fixed assets shows the net book value. A transfer has been made for the addition in the year. 19-
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Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Operating lease commitments At the reporting end date the Charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases. which fall due as follows= 2024 2023 Within one year Beeen and five years 5,200 1,300 5,200 6,500 6,500 11,700 21
Docusign Envelope ID.. F871CD1047FB415C-800F-8AACF435C66E YORKSHIRE FAMILY MEDIATION SERVICE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Related party transactions There were no disdosable related paty transactions during the year (2023 - none). Remuneration of key management personnel The remuneration of key management personnel is as follows. 2024 2023 Aggregate compensation 27,732 26,438 -23-