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 2025
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 2025
Also known as SACMHA
Company Number 03215318
Charity number
1058006
Trustees
Mrs Cecelia Jackson-Chambers (Chair) Mrs Karen Walker Mrs Melva Keturia Robinson-Clarke Dr Stephanie Ejeh-Memeh Dr Lisa Philip
Company Secretary Mrs Karen Walker
Chief Executive Officer
David Bussue
Principal Address
SACMHA Campus 10 Breinburg Court 263 Pitsmoor Road Sheffield S3 9AQ
Administrative Team Address
SACMHA Campus 10 Breinburg Court 263 Pitsmoor Road. Sheffield 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 2025
DIRECTORS' AND TRUSTEES' REPORT
Summary of Financial Position
The Statement of Financial Activities shows net resources of £70446 for the year. Reserves amount to £411257 of which £242937 lie in restricted funds committed to specific purpose.
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:-
________ Cecelia Jackson-Chambers Chair
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Sheffield African Caribbean Mental Health Association Limited
Financial Statement
for the Year Ended 31st March 2025
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 2024 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.
06/10/2025
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 2025
STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT
| Notes | Notes | Unrestricted | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||||
| 2025 | 2024 | |||||||
| £ | £ | £ | £ | |||||
| Incoming Resources | ||||||||
| Activities in furtherance of the | ||||||||
| Charity's objects | ||||||||
| Grant Receivable_1_ | 510274 | 510274 | 595105 | |||||
| Fees and Bank Interest | 21951 | - | 28512 | 28512 | ||||
| Donations | 1105 | - | 1105 | 1340 | ||||
| Other activities | 223265 | - | 223265 | 143739 | ||||
| SDS Account | - | 1314020 | 1314020 | 710065 | ||||
| Total Incoming Resources | 756595 | 1314020 | 2070615 | 1478761 | ||||
| Resources Expanded: | ||||||||
| Cost of activities in furtherance | ||||||||
| of Charities objects | ||||||||
| Direct Charitable Expenditure | 831039 | - | 831039 | 679881 | ||||
| Charitable activities | ||||||||
| Expenditure SDS Account | - | 1169130 | 1169130 | 624442 | ||||
| Total Resources Expended | 831039 | 1169130 | 2000169 | 1304323 | ||||
| Net (Expenditure)/Income | ||||||||
| For the Year | (74444) | 144890 | 70446 | 174438 | ||||
| Total Funds 1st April 2024 | 242764 | 98047 | 340811 | 166373 | ||||
| Total Funds 31st March 2025 | 168320 | 242937 | 411257 | 340811 |
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Sheffield African Caribbean Mental Health Association Limited
Financial Statement
for the Year Ended 31st March 2025
BALANCE SHEET AS AT 31 MARCH 2025
| 2025 2024 |
2025 2024 |
2025 2024 |
|---|---|---|
| Notes £ |
£ £ |
£ |
| Fixed Assets 3 |
74254 | 74254 |
| Current Assets | ||
| Debtors 4 0 |
0 | |
| Bank A/C 343053 |
276230 | |
| 343053 | 276230 | |
| 417307 | 350484 | |
| Creditors: Amount falling | ||
| due within one year 5 |
2562 | 2777 |
| Loan | 3488 | 6896 |
| Net Current Assets | 411257 | 340811 |
| Net Assets | ||
| Income Funds | ||
| Unrestricted Income funds | 168320 | 174428 |
| Restricted Income funds_6_ | 242937 | 166373 |
| Total Funds | 411257 | 340811 |
The company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 March 2025. The Members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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:-
________ Cecelia Jackson-Chambers Chair
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Sheffield African Caribbean Mental Health Association Limited
Financial Statement for the Year Ended 31st March 2025
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 2025
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 SDS Acute Care Advocacy Sum-up National lottery Self- directed support Rents Received Management fees Arches Housing Ltd Community funding TOTAL 3) Income from trading activities Other Income 4) Income from investments Interest receivable Donations |
Unrestricted funds £ - - 3084 - 65156 14094 18172 139517 510274 750297 4498 695 1105 |
Restricted funds £ 1314020 - - - - - - - - 1314020 |
Total 2025 £ 1314020 - 3084 - 65156 14094 18172 139517 510274 2064317 4498 695 1105 |
Restricted funds £ 710065 - - 70500 - - - - - 780565 |
Total 2024 £ 710065 98055 1708 70500 20000 28152 24723 103946 404842 |
|---|---|---|---|---|---|
| 1461991 | |||||
| 15070 | |||||
| 360 | |||||
| 1340 |
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Sheffield African Caribbean Mental Health Association Limited
Notes to the Financial Statement for the Year Ended 31st March 2025
| 5)Expenditure on charitable activities Notes Staff costs Sponsorship EM 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 Volunteer Equipment & Furniture TOTAL |
Unrestricted funds £ 437939 5155 2265 143289 1350 2589 15878 86424 6687 4822 18490 30754 10755 - 12105 7553 769 570 9733 - 5892 2500 - 10300 15220 831039 |
Restricted funds £ - - - - - - - - - - - - - - - - - 1169130 - - - - - 1169130 |
Total 2025 £ 437939 5155 2265 143289 1350 2589 15878 86424 6687 4822 18490 30754 10755 - 12105 7553 769 570 9733 1169130 5892 2500 - 10300 15220 2000169 |
Unrestricted funds £ 170840 0 1128 27227 6275 142193 615 96084 4492 2989 16344 19824 4282 1639 6586 406 857 7250 10508 - 3306 2500 82550 0 1486 609381 |
Restricted funds £ 70500 - - - - - - - - - - - - - - - - - - 624442 - - - - - 694942 |
Total 2024 £ 241340 0 1128 27227 6275 142193 615 96084 4492 2989 16344 19824 4282 1639 6586 406 857 7250 10508 624442 3306 2500 82550 0 1486 |
|---|---|---|---|---|---|---|
| 1304323 |
6) Staff costs and numbers
Salaries Pension
| 2025 £ 414817 23122 437939 |
2024 £ 229050 12290 |
|---|---|
| 241340 |
7) Independent examiner’s
fees
Independent exam fees
Payroll cost Training
| 2500 5892 2265 8157 |
2500 |
|---|---|
| 3306 1128 |
|
| 4434 |
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Sheffield African Caribbean Mental Health Association Limited
Notes to the Financial Statement for the Year Ended 31st March 2025
| 8) Tangible Fixed Assets Cost Depreciation Net Book Value 2024 Net Book Value 2025 9) Debtors Trade debtors 10) Cash at bank and in hand SDS Main account Savings Donation account TOTAL 11) Creditors amounts falling due within one year Trade creditors Credit card Accruals TOTAL |
Fixtures, fittings & equipment - - - - |
Fixtures, fittings & equipment - - - - |
Total 74254 - 74254 74254 2025 £ - 2025 £ 242937 44755 50739 4622 343053 - 62 2500 2562 |
Total 74254 - 74254 74254 2025 £ - 2025 £ 242937 44755 50739 4622 343053 - 62 2500 2562 |
||
|---|---|---|---|---|---|---|
| Loan | 3488 | |||||
| 12) Restricted funds | Balance at | Balance at | ||||
| 01/04/24 | Incoming | Outgoing | 31/03/25 | |||
| £ | £ | £ | £ | |||
| Community Organisation | - | - | - | - | ||
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Sheffield African Caribbean Mental Health Association Limited
Financial Statement for the Year Ended 31st March 2025
13) Analysis of net assets between funds
| Tangible fixed assets Current assets Creditors TOTAL |
Unrestricted Funds £ 74254 100116 (6050) 168320 |
Restricted Funds £ - 242937 - 242937 |
Total 2025 £ 74254 343053 (6050) 411257 |
Unrestricted Funds £ 74254 178183 (9673) 242764 |
Restricted Funds £ - 98047 - 98047 |
Total 2024 £ 74254 276230 (9673) |
|---|---|---|---|---|---|---|
| 340811 |
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 | 130257 |
| Tudor | 65000 |
| Mosborough | 5000 |
| Sheffield citizens | 12031 |
| Healthcare C. | 100 |
| Church of God | 1200 |
| Sheffield CC | 62071 |
| University of Sheffield | 17682 |
| NHS South Yorkshire | 60500 |
| Historic England | 6750 |
| Soar Community | 4998 |
| Primary Care Sheffield | 68821 |
| SYCF | 544 |
| Recovery Ent. | 500 |
| Skills and Works Sol. | 10880 |
| WS Skills and Work | 37540 |
| VAS | 26300 |
| Sheffield Hallam Uni | 100 |
| TOTAL | 510274 |
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Sheffield African Caribbean Mental Health Association Limited
Financial Statement for the Year Ended 31st March 2025
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 2025.
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 06/10/2025 Egemole & Co Accountants 29 Mansfield Road Sheffield S12 2AE
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