Registered Charity Number: 1058006 Company number: 03215318 Sheffield African Caribbean Mental Health Association Limited ANNUAL REPORT AND UNAUDITED FINANCIAL sfATEMENTS Forthe year ended 31 March 2024 Sheffield African Caribbean Mental Health Association Limited Contents Page Legal and administrative infomiation Directors, and Tnjstees, report Accountsnts report to the trusteeslmember5 Statement of finanaal activities Balan￿ sheet Notes to the accounts 6-10 Zndependent examiners report li Sheffield African Caribbean Mental Health Association Limited Legal and administrative inft>rmation For the year ended 31 March 2024 Also known as SACMHA Company Number 03215318 Charity number 1058006 Mrs Cecella Jackson-chambers Mrs Karen Walker Mrs Melva Keturia Robinson-clarke Dr Stephanie Ejeh-memeh Dr Lisa Philip (Chair) Company Secretary Mrs Karen Walker David Bu5sue Prlnclpal Address SACMHA Campus 10 Breinburg Court 263 Pitsmoor Road Sheffield S3 9AQ Admlnlstratlve Team Addr SACMHA Campus 10 Breinburg Court 263 Pitsmoor Road. ShefField S3 9AQ Bankers The Co-operative Bank PO Box 250 Skelmersdale WN8 6wr Independent Examiner Jude Egemole Egemole & Co Accountsnts 29 Mansfield Road Sheffield S12 2AE Sheffield African Caribbean Mentsl Health Association Limited Flnanclal Statement for the Year Ended 31st March 2024 DIRECTORS, AND TRUSTEES, REPORT Summary of Financial Position The Statement of Financial Activities shows net resource5 of £174438 for the year. Reserves amount to £340811 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. Dlreetors #nd Tru$tee5 All directors of the cornpany 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 tNst¢es may appoint a person as a trustee to fjll 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 dire¢tt)rs and trustee wa5 approved by th¢ board on by'.- d signed on its behalf Cecelia Jackson-chambers Chair Sheffield African Caribbean Mental Health Association Limited Flnanclal Statement for the Year Ended 31st March 2024 ACCOUNTANTS REPORT TO THE TRUSTEES/MEMBERS OF SHEFFIELD AFIUCAN 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 th¢ year ended 3 1st March 2024 As sel 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. 0411012024 Egernole & Co A¢¢ountants 29 Mansfield Road Sheffield S12 2AE Sheffjeld African Caribbean Mental Health Association Limited Financial Statement for the Year Ended 31st March 2024 STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT Notes Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2023 Incoming Resour¢es Activities in furtherance of the Charity's objects Grant Receivable 524605 70500 595105 326922 Fees and Bank Interest 28512 28512 34927 Donations Other activities 1340 143739 1340 143739 1579 540 SDS Account 710065 710065 512592 Total Incoming Resources Resources Expanded: Cost of activities in furtherance 1408261 70500 1478761 876560 of Charitie5 objects Direct Charitable Expenditure 609381 70500 679881 394511 Charitable activities Expenditure SD5 Account 624442 624442 571397 Total Resources Expended 1233823 70500 1304323 965908 Net (Expenditurel/lncome For the Year 174438 174438 1893481 255721 Total Funds 1st April 2023 Total Funds 31st March 2024 166373 166373 340811 340811 166373 Sheffield African Caribbean Mental Health Association Limited Financial Statement for the Year Ended 31st March 2024 2024 2023 Notes Fixed Assets 74254 74254 Current A55ets Debtors Bank Alc 276230 112302 276230 112302 350484 186556 Creditors.. Amount falling due within one year Loan 2777 9879 6896 10304 Net Current Assets 340811 166373 Net Assets Income Funds Unrestricted Income funds Restricted Income funds 340811 166373 Totsl Funds BALANCE SHEET AS AT 31 MARCH 2024 340811 166373 The company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 March 2024. The Members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in ￿¢0[dance with Section 476 ofthe Companies Act 2006. The directors acknowledge their responsibilities for-_ a) Ensuring Ihat the company keeps accounting records which comply with Section 386 of the Companies Act 2006 and b) Preparing financia] statements which give a tnje and fair view of th¢ 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 Ihe requirements of section 396 and which otherwise comply with the requirements of the Companies A¢t 2006 to financial statement5, so far as applicable lo the company. The accounts have been prepared in accordance with Cornpanies with the special provisions of part 15 of the Companies Act 2006 relating to companies subject ty the small companies regime. The financTal stalements were approved by the Board of Dtrectors on by'.- and signed on its behalf Cecelia Jackson-chambers Chair Sheffield African Caribbean Mental Health Association Limited Financial Statement for the Year Ended 31st March 2024 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 l January 2015)- (charities SORP(FRS 102),the Financial Reporting Staiidard applicable in the UK and Republic of Ireland(FRS 102) and the companies Act 2006. Tbe financial statements have adopted Charities SORP(FRS 102) Bulletin I 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 perfonnance 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 '¢apital grants or 'revenue' grants, is recognised when the harity has enliilemenl to the funds, any perfomiance conditions attached to the grants have been mel, it is probable Ihat 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 pla¢e. Expenditure and irrecoverable VAT Expenditure is rccogniscd once there is a legal or constructive obligation to make a payment to a third party, it is probable that bettlement will be reqvired and the amount of the obligation can be meaburcd reliably. I￿¢cOVerable VAT is charged as a cost against the activity for which the expenditure was incutted. Tangible r￿ed assets and depreciation All items of capita l expendittwe below £500 are written off as in¢u￿¢d. Depreciation has been calculated lo write down the cost of all tangible fixed assets over their expected useful lives on the following basis.. Fixtures, Fitting5 and Equipment 15 % Straight line Properties are held at cost, and depreciated over the life of the asset. However, changes in the n]aTket prices may indicate that the residual value of the properties has stayed the same or increased. In this case, the depreciation harge for the year wtll be £llil for the year. being a chang¢ in the accounting estimate. Cash and cash equivalents Cash and cash equivalents comprise ¢ash on hand and call deposits, and other shorl-term highly liquid itiveslments that are readily convertible to a known amount of cash and are subject lo an insigniflcant risk of change in value. Trade Debtors Trade debtors are amounts due from customer for services perfom)ed in the ordinary course of business. TTade debtors are recognised initially at the transaction price. They are subsequently measured at aTnortised cost using the effective interest method, less provision for impainnent. A provision for the impairment of trade d¢btQTS is established when there is objective evidence that the company will not be abl¢ to collect all amount due accoTding to the original ternls of the receivables. Trade Creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary ¢ourse of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional righ¢ al the end of the reporting period, to defer settlement of the credilor for al least twelve months after the reporting date. If there is an un¢onditional right to defer settlement for at least twelve months after the reporting date, they are prescntcd as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest Method. Sheffield African Caribbean Mental Health Association Limited Notes to the Financial Statement for the Year Ended 31st March 2024 l) Fund accounting Unrestricted funds are donations and other incorne receivable or generated for the objects of th¢ organisation without fijrther specified purpose and are available as general funds. Restricted funds are to be used for specific pury)ose as laid down by the donor. Designated funds are sel aside by the charity's trustees for a specific purpose. Pension tosts and other post- retirement benefits The charity operates a define contribution pension scheme. Contrtbutions payable to the charity's pension scheme are charged to th¢ Statement of Financial Activities in the period to which they relate. Going concern The trnstees 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. 21 Income from charitable activities Unrestricted funds Aestricted funds Total 2024 Restricted funds Total 2023 Provision of services Funder Acute Care Advocacv Sum-up ri'ational lottery Self- directed support Rent- Received Management fees Arches Housing Ltd Community funding TOTAL 98055 1708 98055 1708 70500 20000 28152 24723 103946 404842 751926 93650 70500 SDS 20000 28152 24723 103946 404842 681426 28815 6093 SDS Tudorlother5 233272 361830 70500 3) Income from tradlng actlvltles Other Income 15070 15070 540 4) Incorne from investments Interest receivable 360 360 19 Donations 1340 1340 1579 Sheffield African Caribbean Mental Health Association Limited Notes to the Flnancial Statement for the Year Ended 31st March 2024 5) Expenditure on charltable activStlès Unre5trirted funds Restricted fund5 Total 2024 Unrestricted fund5 Restritted funds Total 2023 Notes staff cost5 170840 70500 241340 144460 144460 Training and recruitment Activities and provision Travel and transport Consultsncv Rates 1128 27227 6275 142193 615 96084 4492 2989 16344 19824 4282 1639 6586 406 1128 27227 6275 142193 615 96084 4492 2989 16344 19824 4282 1639 6586 406 5289 30267 9512 5852 326 36687 22763 4707 13238 14003 11515 515 4896 107 5289 30267 9512 5852 326 36687 22763 4707 13238 14003 11515 515 4896 107 Rent Maintenance & repairs Cleanin8 & environment Light. heat and water Telephone Postsge & stationery Advertisin8 Insurance Banvfinance charges Legal & professional Office eosts 857 7250 10508 624442 3306 2500 857 7250 10508 624442 3306 251)0 375 4405 14432 571397 4031 1800 375 4405 14432 571397 4031 1800 IT costs SD5 costs Payroll fees Independent examination fees War