Registered Charity Number: 1058006 Company number: 03215318
Sheffield African Caribbean Mental Health Association Limited
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
For the year ended 31 March 2023
Sheffield African Caribbean Mental Health Association Limited
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Directors’ and Trustees' report | 2 |
| Accountants report to the trustees/members | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6-10 |
| Independent examiners report | 11 |
Sheffield African Caribbean Mental Health Association Limited
Legal and administrative information For the year ended 31 March 2023
Also known as SACHMA
Company Number
03215318
Charity number
1058006
Trustees
Mrs Cecilia Jackson-Chambers Mrs Karen Walker Mrs Melva Keturia Robinson-Clarke Dr Stephanie Ejeh-Memeh Dr Lisa Philip
(Chair)
Company Secretary Mrs Karen Walker
Service Director
David Bussue
Principal Address
Flat 10 Doctor Breinburg Court 263 Pitsmoor Road Sheffield England S3 9AQ
Administrative Team Address
Flat 10 Doctor Breinburg Court 263 Pitsmoor Road Sheffield England S3 9AQ
Bankers
The Co-operative Bank PO Box 250 Skelmersdale WN8 6WT
Independent Examiner
Jude Egemole
Egemole & Co Accountants 29 Mansfield Road Sheffield S12 2AE
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Sheffield African Caribbean Mental Health Association Limited
Financial Statement
for the Year Ended 31st March 2023
DIRECTORS' AND TRUSTEES' REPORT
Summary of Financial Position
The Statement of Financial Activities shows net resources of (£89348) for the year. Reserves amount to £166373
Risk Management
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the trust and are satisfied that systems are in place to mitigate the exposure to major risks.
Directors and Trustees
All directors of the company are also trustees of the charity. There are no other trustees. All the trustees retire at the forthcoming Annual General Meeting but are eligible for re-appointment. The trustees may appoint a person as a trustee to fill a vacancy or to act as an additional trustee.
This report is prepared in accordance with the special provision of the Companies Act 2006 relating to small companies.
The report of the directors and trustee was approved by the board on ____ and signed on its behalf by:-
Cecilia Jackson-Chambers Chair
2
Sheffield African Caribbean Mental Health Association Limited
Financial Statement
for the Year Ended 31st March 2023
ACCOUNTANTS REPORT TO THE TRUSTEES/MEMBERS OF SHEFFIELD AFRICAN CARIBBEAN MENTAL HEALTH ASSOCIATION LIMITED
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements, from which the accounts set out on pages 4 to 8 have been prepared. As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2023 as set out on pages 4 to 9 and you consider that the company is exempt from audit. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
08/09/2023
Egemole & Co Accountants 29 Mansfield Road Sheffield S12 2AE
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Sheffield African Caribbean Mental Health Association Limited
Financial Statement
for the Year Ended 31st March 2023
STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT
| Notes | Notes | Unrestricted | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||||
| 2023 | 2022 | |||||||
| £ | £ | £ | £ | |||||
| Incoming Resources | ||||||||
| Activities in furtherance of the | ||||||||
| Charity's objects | ||||||||
| Grant Receivable_1_ | 326922 | - | 326922 | 266386 | ||||
| Fees and Bank Interest | 34927 | - | 34927 | 22539 | ||||
| Donations | 1579 | - | 1579 | 645 | ||||
| Other activities | 540 | - | 540 | 484 | ||||
| SDS Account | 512592 | - | 512592 | 617469 | ||||
| Total Incoming Resources | 876560 | - | 876560 | 907523 | ||||
| Resources Expanded: | ||||||||
| Cost of activities in furtherance | ||||||||
| of Charities objects | ||||||||
| Direct Charitable Expenditure | 394511 | - | 394511 | 241953 | ||||
| Charitable activities | ||||||||
| Expenditure SDS Account | 571397 | - | 571397 | 612003 | ||||
| Total Resources Expended | 965908 | - | 965908 | 853956 | ||||
| Net (Expenditure)/Income | ||||||||
| For the Year | (89348) | - | (89348) | 53567 | ||||
| Total Funds at 1st April 2022 | 255721 | - | 255721 | 202154 | ||||
| Total Funds 31st March 2023 | 166373 | - | 166373 | 255721 |
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Sheffield African Caribbean Mental Health Association Limited
Financial Statement
for the Year Ended 31st March 2023
| 2023 2022 |
2023 2022 |
2023 2022 |
|---|---|---|
| Notes £ |
£ £ |
£ |
| Fixed Assets 3 |
74254 | 74254 |
| Current Assets | ||
| Debtors 4 0 |
0 | |
| Bank A/C 112302 |
204668 | |
| 112302 | 204668 | |
| 186556 | 278922 | |
| Creditors: Amount falling | ||
| due within one year 5 |
9879 | 9489 |
| Loan | 10304 | 13712 |
| Net Current Assets | 166373 | 255721 |
| Net Assets | ||
| Income Funds | ||
| Unrestricted Income funds | 166373 | 255721 |
| Restricted Income funds_6_ | 0 | 0 |
| Total Funds | 255721 | 255721 |
| BALANCE SHEET AS AT 31 MARCH 2023 |
The company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 March 2023. The Members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for:-
a) Ensuring that the company keeps accounting records which comply with Section 386 of the Companies Act 2006 and
b) Preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of section 396 and which otherwise comply with the requirements of the Companies Act 2006 to financial statements, so far as applicable to the company. The accounts have been prepared in accordance with companies with the special provisions of part 15 of the Companies Act 2006 relating to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors on ____ and signed on its behalf by:-
________ Cecilia Jackson-Chambers Chair
5
Sheffield African Caribbean Mental Health Association Limited
Financial Statement for the Year Ended 31st March 2023
ACCOUNTING POLICIES
These financial statements have been prepared in accordance with Accounting and Reporting by charities: Statement of Recommended Practice 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 2015)(charities SORP(FRS 102),the Financial Reporting Standard applicable in the UK and Republic of Ireland(FRS 102) and the companies Act 2006. The financial statements have adopted Charities SORP(FRS 102) Bulletin 1 and taken advantage of the exemption not to prepare a statement of cash flows.
Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Contract income is included in the year in which the service took place.
Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Tangible fixed assets and depreciation
All items of capita l expenditure below £500 are written off as incurred.
Depreciation has been calculated to write down the cost of all tangible fixed assets over their expected useful lives on the following basis:
Fixtures, Fittings and Equipment 15% Straight line
Properties are held at cost, and depreciated over the life of the asset. However, changes in the market prices may indicate that the residual value of the properties has stayed the same or increased. In this case, the depreciation charge for the year will be £nil for the year, being a change in the accounting estimate. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade Debtors
Trade debtors are amounts due from customer for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amount due according to the original terms of the receivables.
Trade Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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Sheffield African Caribbean Mental Health Association Limited
Notes to the Financial Statement for the Year Ended 31st March 2023
1) Fund accounting
Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose and are available as general funds.
Restricted funds are to be used for specific purpose as laid down by the donor.
Designated funds are set aside by the charity’s trustees for a specific purpose.
Pension costs and other post- retirement benefits
The charity operates a define contribution pension scheme. Contributions payable to the charity’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Going concern
The trustees believe that the charity can continue to operate for 12 months from the signing of the accounts because, they have a plan to generate income from different sources and the building owned.
| 2) Income from charitable activities Provision of services Funder Acute Care Advocacy SH&SC VAS Men’s EPIC Project SH&SC Self- directed support Rents Received & Others Management fees SDS Back-a-yard Rampton Notts Healthcare Community funding Tudor/ others TOTAL 3) Income from trading activities Other Income 4) Income from investments Interest receivable Donations |
Unrestricted funds £ 93650 - - - 28815 6093 - 233272 361830 540 540 19 1579 |
Restricted funds £ - - - - - - - - - |
Total 2023 £ 93650 - - - 28815 6093 - 233272 361830 540 540 19 1579 |
Restricted funds £ - - - - - - - - |
Total 2022 £ 18000 2000 - - 10017 12465 - 246386 |
|---|---|---|---|---|---|
| 288868 | |||||
| 484 | |||||
| 484 | |||||
| 57 | |||||
| 645 |
7
Sheffield African Caribbean Mental Health Association Limited
Notes to the Financial Statement
for the Year Ended 31st March 2023
| 5)Expenditure on charitable activities Notes Staff costs Training and recruitment Activities and provision Travel and transport Consultancy Rates Rent Maintenance & repairs Cleaning & environment Light, heat and water Telephone Postage & stationery Advertising Insurance Bank/finance charges Legal & professional Office costs IT costs SDS costs Payroll fees Independent examination fees Waiting project Funeral cost Equipment & Furniture TOTAL |
Unrestrict ed funds £ 144460 5289 30267 9512 5852 326 36687 22763 4707 13238 14003 11515 515 4896 107 375 4405 14432 571397 4031 1800 42292 4000 19039 965908 |
Restricted funds £ - - - - - - - - - - - - - - - - - - - - - - - - - |
Total 2023 £ 144460 5289 30267 9512 5852 326 36687 22763 4707 13238 14003 11515 515 4896 107 375 4405 14432 571397 4031 1800 42292 4000 19039 965908 |
Unrestricted funds £ 97957 861 13649 796 5148 888 15160 12712 435 5227 5830 5584 4707 4484 388 763 5535 15777 612003 4760 1500 39792 - - 853956 |
Restricted funds £ - - - - - - - - - - - - - - - - - - - - - - - - - |
Total 2022 £ 97957 861 13649 796 5148 888 15160 12712 435 5227 5830 5584 4707 4484 388 763 5535 15777 612003 4760 1500 39792 - - |
|---|---|---|---|---|---|---|
| 853956 |
6) Staff costs and numbers
Salaries Pension
| 2023 £ 134303 10157 144460 |
2022 £ 93874 4083 |
|---|---|
| 97957 |
7) Independent examiner’s fees
Independent exam fees
Payroll cost Training
| 1800 4031 5289 9320 |
1500 |
|---|---|
| 4760 861 |
|
| 5621 |
8
Sheffield African Caribbean Mental Health Association Limited
Notes to the Financial Statement for the Year Ended 31st March 2023
8) Tangible Fixed Assets
| Cost Depreciation Net Book Value 2022 Net Book Value 2023 9) Debtors Trade debtors 10) Cash at bank and in hand SDS Main account Savings Donation account TOTAL |
Fixtures, fittings & equipment - - - - |
Total 74254 |
|---|---|---|
| - | ||
| 74254 | ||
| 74254 | ||
| 2023 £ - |
||
| 2023 £ 12424 64475 33226 2177 |
||
| 112302 |
| 11) Creditors amounts falling due within one year Trade creditors Credit card Accruals TOTAL |
7838 241 1800 9879 |
||||
|---|---|---|---|---|---|
| Loan | 10304 | ||||
| 12) Restricted funds | Balance at | Balance at | |||
| 01/04/22 | Incoming | Outgoing | 31/03/23 | ||
| £ | £ | £ | £ | ||
| Dementia Support Group | - | - | - | - |
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Sheffield African Caribbean Mental Health Association Limited
Financial Statement for the Year Ended 31st March 2023
13) Analysis of net assets between funds
| Tangible fixed assets Current assets Creditors TOTAL |
Unrestricted Funds £ 74254 112302 (20183) 166373 |
Restricted Funds £ - - - - |
Total 2023 £ 74254 112302 (20183) 166373 |
Unrestricted Funds £ 74254 204668 (23201) 255721 |
Restricted Funds £ - - - - |
Total 2022 £ 74254 204668 (23201) |
|---|---|---|---|---|---|---|
| 255721 |
14) Trustees' remuneration, benefits and expenses
No trustees were paid remuneration or reimbursed for expenses during the year.
15) Related part transactions
There were no transactions with related parties during the year.
| GRANTS | £ |
|---|---|
| RBS | 93650 |
| Tudor | 67000 |
| Work company | 86052 |
| Recovery Ent. | 19000 |
| Mears Foundation | 600 |
| Voluntary Action | 10330 |
| Self -Direct | 20532 |
| University of Sheffield | 9173 |
| NHS | 9350 |
| St Luke’s | 500 |
| Soar Community | 3552 |
| Covid | 2000 |
| MacMillian | 5183 |
10
TOTAL
326922
Sheffield African Caribbean Mental Health Association Limited
Financial Statement for the Year Ended 31st March 2023
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHEFFIELD AFRICAN CARIBBEAN MENTAL HEALTH ASSOCIATION LIMITED
I report to the charity directors on my examination of the accounts of the Company for the year ended 31 March 2023.
Respective responsibilities of trustees and examiner
As the directors of the Company you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006(‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011(‘the 2011Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
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 are view of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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 accounts present a 'true and fair view' and there port is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
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
• To prepare accounts 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 Accounting and Reporting by Charities -Statement of Recommended Practice (SORP 2005) have not been met: or
- To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Jude Egemole Dated: 08/09/2023 Egemole & Co Accountants 29 Mansfield Road Sheffield S12 2AE
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