CHARITY REGISTRATION NUMBER: 1058183 Sefton Support Group Unaudited Financial Statements 31 December 2024 MArrocKS GRINDLEY Chartered accountants 18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 OWN
Sefton Support Group Financial Statements Year ended 31 December 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not form part of the financial statsments Detailed statement of financial activities 17 Notes to the detailed statement of financial activities 18
Sefton Support Group Trustees. Annual Report Year ended 31 December 2024 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2024. Reference and administrative details Registered charity name Sefton Support Group Charity registration number 1058183 Principal office 1 Duke Street Fomby Liverpool L37 4AL The trustees J McEvoy P Dunning G McEvoy L Lewis KST Mclntosh LJ McDowall Independent examiner Mr G Mattocks 18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 OWN Struclure, governanco and management Sefton Support Group is a registered charity governed by a board of trustees, all of whom bring diverse expertise in areas such as health, education, finance. and digital communications. The charity is independently managed and operates in accordance with its constitution. Trustees meet regularly to review performance, approve strategic decisions, and ensure the charity complies with its legal and regulatory obligations. In December 2023, a dedicated Steering Group was formed to drive forward the charity's strategic direction and growth. This group has met bi-monthly and has been instrumental in shaping future planning, including vision-setting and the fonnulation of income-generating strategies.
Sefton Support Group Trustees. Annual Report (contlnuedj Year ended 31 December 2024 Objectives and activities Sefton Support Group exists to support individuals in Sefton and across Merseyside who are affected by serious illness, mental health challenges, and social isolation. Our seNices are inclusive, person- centred, and focused on emotional, physical, and mental wellbeing. Key activities during 2024 included.. Provision of ¢ounsolling, holistic therapies, and peer support groups. Monthly ¢ommunity wellbeing events with guest speakers, now funded by The National Lottery. Development of a new digital volunteer portal to streamline communication, therapy bookings, and access to resources. A Referral & Care Coordlnation service, which ensures members are connected with specialist support beyond our own remit. Ongoing development of marketing and communications strategies to increase awareness and reach. Reservos Policy The charity maintains a reserves policy to ensu sufficient funds are available to manage day-to-day operations and unforeseen emergencies. Our curnt policy aims to hold at least 12 months of core running costs in unrestricted reserves. Rlsk Management Policy The trustees review risks on a regular basis and have implemented systems to mitigate potential threats. Key risks identified include reliance on short-term funding, volunteer capacity, and maintaining service qualty during periods of growth. Risk is managed through: Diversification of income sources. Strategic planning via the Steering Group. Robust policies for safeguarding, data protection, and health & safety. A digital transformation strategy reducing dependency on manual systems. A comprehensive risk assessment has also been completed and forms part of the charity's annual governan review.
Sefton Support Group Trustees. Annual Report (continued) Year ended 31 December 2024 A¢hlevements and performance 2024 was a transfomiative year for the charity. Building on the foundation of the previous three years, we delivered meaningful growth in Servi delivery, infrastructure, and public awareness. Key achievements include: 500+ members supported {32.75 % growth). 140+ monthly regular attendees (40 /0 increase). 720A increase in drop-in visits., consistent weekly usage. 700/0 improved health management. 65°A increased confidence, 80°h formed frlendshlps outside group settings. A well-attended annual volunteer meeting and enhanced volunteer support systems. Development of a volunteer portal, funded through the UKSPF initiative, improving internal efficiency. Creation of a new markoting strategy, with a redeveloped website, social platform utilisation & mailing list. Continuation of a Steering Group, developing a clear three-year vision. Development of plans for future-facing initiatives including a Therapy Academy and plans ft)r a charitable retail outlet. These successes would not have been possible without the generous support of our funders and the unwavering commitment of our volunteers. Financial review At the start of the year, the charity's reserves stood at £8,967. During the year, we reiVed £52,432 in total income from a combinats'on of grants, revenue generating initiatives, community fundraising, and donations. Major funders included.. National Lottery - £19,150 (Restricted Project Funding) PH Holt Foundation - £8,000 Pilkington Charitable Trust- £5,000 Yapp Charitable Trust- £3,000 Eleanor Rathbone Trust- £3,000 Elizabeth Rathbone Trust- £1,500 Chrimes Family Charitable Trust - £700 Expenditure for the year totalled £23,752, covering rent, utilities, therapy and support materials, volunteer expenses, and administrative costs. This leaves the charity with closing reserves of £37,647, of which £16,125 is restricted {allocated to equipment purchase and ongoing projects, i.e. our Lottery-funded wellbeing work). This financial position allows us to begin 2025 in a stronger position than ever before, with improved capacity for forward planning and strategic growth.
Sefton Support Group Trustees. Annual Report Iconllnued) Year ended 31 December 2024 Plans for future perlods Looking ahaad, our key priorities include: Recrultment of a fu1141me Centr• Manager. to enhance our op8r8tional capaclty and sustainability. Launching a Th•rapy Academy, offerlrKJ placements and reduced-COSt therapies for the community. Establishing a charlty rntall outlet to support financlal self-sufficiency. Expanding our volunteer base to meet increasing demand. Securing largor. multl-year grants to support lonterM growth. Continulng to deliver and evaluate our Natlonal Lottery Wallbelng Project. Building on our digital transfomiatlon io further reduce admin burden and improve s8Nice delivery. 2025 is sat to be another pivotsl year as we continue to build a resilient, forwar&thlnking charity that provides vital support to those who need it most. The trustees, annual report was approved on ..l.(.lé.(i£........... and signed on behalf of the board of trustees by: J McEvoy Trustse P Dunning Trusteè
Sefton Support Group Independent Examinerfs Report to the Trustees of Sefton Support Group Year ended 31 December 2024 I report to the trustees on my examination of the financial statements of Sefton Support Group ('the charity,) for the year ended 31 December 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent examinerfs statement I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the charity as required by section 130 of the the financial statements do not accord with those records,. or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fail view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr G Mattocks Independent Examiner 18 Mulberry Avenue Tumstone Business Park Vlfjdnes Cheshire WA8 OWN Ii/+/zf
Sefton Support Group Statement of Financial Activities Year ended 31 December 2024 2024 Restricted funds Total funds Total funds 2023 Unrestrided funds Income and endowments Donations and legacies Total income 32.582 19,850 52,432 14,515 32,582 19,850 52,432 14.515 Expendlture Expenditure on charitable acts'vities Total expenditure 20,087 3,665 23,752 19,125 20.087 3,665 23,752 19,125 Net incomel(expendlture) 12,495 16,185 28,680 {4,610) Transfers beeen funds 60 (60) Net movement in funds 12.555 16,125 28,680 (4,610) Reconciliation of funds Total funds brought foNrfard Total funds carried forward 8,967 8,967 13,577 21,522 16,125 37,647 8,967 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notss on pages 8 to 15 fomi part of these financial statements.
Sefton Support Group Statement of Flnancial Posltlon 31 December 2024 2024 2023 Flxed assets Tangible fixed assets 10 Current assets Cash at bank and in hand 37,819 8,967 Credltors: amounts falllng due withln one year Nat current assets 11 1,020 36,799 8.967 Totsl assets less current liabllltles 37,647 8,967 Not assets 37,647 8,967 Funds of the charlty Restricted funds Unrestricted funds 16,125 21.522 8,967 Total charlty fund8 12 37,647 8,967 financial statements were approved by the board of trustees and authorlsed for issue on and ar8 signed on behaff of the board by: J McEvoy Trustee P Dunning Trustee Tho note$ on pagos 8 to 15 fomi part of thoso financlal Statomonts.
Sefton Support Group Notes to the Financial Statements Year ended 31 December 2024 General inforniation The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 1 Duke Street, Formby, Liverpool. L37 4AL. Statement of compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP {FRS 102)) and the Charities Act 2011. Accountlng policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of rtain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng concern There are no material uncertainties about the charity's ability to continue. Judgements and koy sour¢es of •stimation uncertainty The p paration of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the cirCumstans. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of hvo sub-classes.. restricted income funds or endowment funds.
Sefton Support Group Notes to the Financial Statements (continuod) Year ended 31 December 2024 Accountlng pollcles (continued) In¢orning resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when reIpt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and servi$ are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activits'es, events, non- charitsble trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds forthe charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directty to that activity- Shared costs are apportioned bebNeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Sefton Support Group Notes to the Financial Statements (¢onfynu0d) Year ended 31 December 2024 Accounting pollcies (continued) Tangible assets (¢ontlnued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Equipment Straight line over 5 years Impalmient of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash*enerating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnanclal 5nstruments A financial asset or a financial liability is recognised only when the charity becomes a paty to the contractual provisions of the instrumenL Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Vvhere investments in shares are publidy traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. 10
Sefton Support Group Notes to the Financial Statements (contlnued) Year ended 31 December 2024 Accounting policies (contlnued) Financlal Instruments (continued) other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activits'es, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and otherfinancial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations 11,582 11,582 Grants National Lottery Chrimes Family Charitable Trust YAPP Charitable Trust PH Holt Foundation Eleanor Rathbone Trust Elizabeth Rathbone Trust John Moores Foundation Albert Hunt Trust Pilkington Charitable Trust The Camelia Trust 19,150 700 19,150 700 3,000 8,000 3,000 1,500 3,000 8,000 3,000 1,500 5,000 500 5,000 500 32,582 19,850 52,432 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations 7,515 7,515 11
Sefton Support Group Notes to the Financial Statements (continued) Year ended 31 December 2024 Donations and legacles {contlnu8d) Unrestricted Funds Restricted Total Funds Funds 2023 Grants National Lottery Chrimes Family Charitable Trust YAPP Charitable Trust PH Holt Foundation Eleanor Rathbone Trust Elizabeth Rathbone Trust John Moores Foundation Albert Hunt Trust Pilkington Charitable Trust The Camelia Trust 5,000 2,000 5,000 2,000 14,515 14,515 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Direct charitable costs Support costs 19,067 1,020 3,665 22,732 1,020 20,087 3,665 23,752 Unrestricted Funds Restricted Total Funds Funds 2023 Direct charitable costs Support costs 19,125 19,125 19,125 19,125 Expenditure on charitable actlvltles by activity type Activities undertaken directly Support Total funds costs 2024 Total fund 2023 Direct charitsble costs Governance costs 22,732 22,732 1,020 19,125 1,020 22,732 1,020 23,752 19,125 12
Sefton Support Group Notes to the Financial Statements (conunued) Year ended 31 December 2024 Net Incomellexpendlture) Net incomel{expenditure) is stated after chargingl(crediting)- 2024 2023 Depreciation of tangible fixed assets 212 Independent examination fees 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements 1,020 Trustee remuneratlon and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 10. Tanglble fixed assets Equipment Cost At 1 January 2024 Additions 1,060 At 31 December 2024 1,060 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 212 212 Carrylng amount At 31 December 2024 At 31 December 2023 11. Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income 1,020 13
Sefton Support Group Notes to the Financial Ststements (¢ontlnued) Year ended 31 December 2024 12. Analysis of charitable funds Unrestricted funds At 31 December 2024 At 1 January 2024 Income Expenditure Transfers General funds 8,967 32,582 (20,087) 60 21,522 At 31 December 2023 At 1 January 2023 Income Expenditure Transfers General funds 13,577 14,515 (19,125) 8,967 Restricted funds At 31 December 2024 At 1 January 2024 Income Expenditure Transfers Restricted Funds 19,850 (3,665) (60) 16.125 At 31 December 2023 At 1 January 2023 Income Expenditure Transfers Restricted Funds Restricted funds were given towards the core costs and project expenditure of Sefton Support Group. At1 January 2024 At31 December 2024 Income Expenditure Transfers National Lottery Chrimes Family Charitable Twst 19,150 {3,965) (60) 16,125 700 {700) (4,665) 19,850 (60) 16,125 14
Sefton Support Group Notes to the Financial Statements (Contlnued) Year ended 31 December 2024 13. Anatysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 336 22,206 (1,020) 21,522 512 15,613 848 37,819 {1,020) 37,647 16,125 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 8,967 8,967 8,967 8,967 14. Financial Instruments The charity currently holds no financial instruments. 15
Sefton Support Group Management Information Year ended 31 December 2024 The following pages do not forni part of the financial statements. 16
Sefton Support Group Detailed Statement of Financial Activities Year ended 31 December 2024 2024 2023 Income and endowments Donatlons and legacles Donations National Lottery Chrimes Family Charitable Trust YAPP Charitable Trust PH Holt Foundation Eleanor Rathbone Trust Elizabeth Rathbone Trust John Moores Foundation Albert Hunt Trust Pilkington Charitable Trust The Camelia Trust 11,582 19,150 700 3,000 8,000 3,000 1,500 7,515 5,000 2,000 5,000 500 52,432 14.515 Total income 52,432 14,515 Expenditure Expenditure on charitable activities Purchases Rent Rates and water Light and heat Repairs and maintenance Insuran Other motorltravel costs Legal and professional fees Telephone Other Offi costs Depreciation Advertising and marketing Volunteers expenses Therapy products Project expenditure General expenses 1,049 7,799 189 2,380 339 298 107 2,016 525 102 212 3,897 480 221 6,807 2,429 298 16 82 216 44 2,105 430 2,837 1,378 6,220 257 23,752 19,125 Total expenditure 23,752 19,125 Net incomel(expenditure 28,680 (4,610) 17
Sefton Support Group Notes to the Detailed Statement of Financial Activities Year ended 31 December 2024 2024 2023 Expenditure on charitablo a¢tivities Direct charitable Costs Activities undertaken directly Purchases Rent Rates & water Light & heat Repairs and maintenance Insurance Other motorltravel costs Professional fees Telephone Other office costs Depreciation Advertising and marketing Volunteers expenses Therapy products Project expenditure General expenses 1,049 7,799 189 2,380 339 298 107 996 525 102 212 3,697 480 344 2,837 1,378 221 6,807 2,429 298 16 82 216 44 2,105 430 6,220 257 22,732 19,125 Governance costs Governance costs - accountancy fees 1,020 Expendlture on charitable activlties 23,752 19,125