Charity Registration No. 1062895 Company Registration No. 3204514 {England and Wales) GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION Patrons Louise Emerick Dame Lorna Muirhead Paul Sesay Protasia Torkinglon Trustees Jannine Antigha All Beckedeg Stanley Mayne Karen Mello Michelle O'Dwyer Kemi Otubu Mark Lyth S Berko (Appointed 6 November 20201 (Appointed 16 September 20201 (Appointed 10 December 20201 Chigf Exg¢utiV9 Carol Sowande Charty numbgr 1062895 Company number 3204514 Reglstered offlc• 91 Upper Parliament Street Liverpool L8 7LB Independent examiner Mr P H Taaffe FCA CTA DChA BWM Castle Chambers 43 Castle Slieet Liverpool L2 9SH Bankers Nalwesl 2 - 8 Church Street Liverpool L1 3BG Solicitors Jackson Lees Horton House Exchange Flags Liverpool L2 3YL
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE CONTENTS Page Trustees, report Slalemenl of Iruslees. responsibilities Independent examiner's report Slalemenl of financial activities Balance sheet Notes to the accounts 10-19
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2021 The trustees present their report 8nd financial slalemenls for the year ended 31 March 2021. The financial slalemenls have been prepared in acwrdance with the accounting policies sel out in note 1 to the financial 51alemenls and comply with the Charity's memorandum and articles of association, as updated on 14 March 2019, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 20161. Objactives and activitias The overall aim of the Granby Community Mental Health Group IGCMHGI, widely known as Mary Seacole House. is lo provide services to local people who are experiencing mental illness. The area in which GCMHG operates has a high black and racial minority population and the Group's client base and range of services reflect this. In this context the objectives of Mary Seacole House are.. To provide an infomal mulli-r8¢ial mental health charity and resource service in Liverpool where people experiencing mental health problems can find support. To act as a resource for other mental health services and people interested in mental health services. To help service users achieve their maximum potential for independent living by developing effective coping skills and provide supportive neorkS. To actively seek lo involve members of the BAMER (Black, Asian, Minority, Ethnic, Refugees) communities. We have referred lo the guidance in the Charity Commission's general guidan on public benefit when reviewing our aims and objeclives and in planning our future activities. In particular, the trustees consider how planned activities will continue to the aims and objectives they have set. ACHIEVEMENTS & EVENTS April 2020- March 2021 Events Mental Health Awareness Week- May 2020 World Mental Health Day - Oct 2020 Volunteer Week Building Up Stronger 2 Servi users engaged in support from Imagine Independen to develop a greater understanding of how to use technology. Mantal Health Awareness Weak The theme of Mental Health Awareness Week was Random Acts of Kindness. Mary Seacole House servi users and staff shared stories about when they had experienced or engaged in random acts of kindness which were shared to our Instagram.
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2021 Royal Standard Art Gallery Online Commission 12 Servi users completed artwork as part of the 'Utopia Series, In collaboration with the Royal Standard Art Gallery lo outline our setvice users, responses lo Black Lives Matter. the pandemic, and the lockdowns. The art was presented on the gallery's website. Christmas Fun Week on Zoom Service users got together on Zoom for three events during Christmas Fun Week including, a Christmas quiz, an art session & a coffee morning with opportunities to win prizes. Frontline Christmas Meal Service users attended Frontline Church for a meal on Christmas Day to prevent isolation. Time To Talk Event 11 service users attended a Time-To-Talk event on Zoom lo discuss this year's theme 'the power of the small,, with the idea being that a small conversation surrounding mental health can be beneficial in tackling stigma and barriers to support. ACHIEVEMENTS Training Certificate in preparing lo work in aduvc social care- 15 participants achieving Level 2 qualification. WHAMS (Women's Health & Maintenance Servi) - 60 Women completed the training, 5 - 12-week sessions women's health, and wellbeing. LETS ILearn, Exercise, Training and Socialisel Project - 35 women completed training and peer support group. Activities Homework group for younger people - Children had access to a Mary Seacole House volunteer for guidan with their homework and studies. Interpreting and translating WhatsApp group Coronavirus and Vaccine information in different languages. The group was created from the very beginning of the pandemic and kept up lo date with government guidelines. Virtual Emotional Support Group We are very proud of this new group developed lo provide support during lockdown. Setvice users had access lo Mary Seacole House stsff and volunteers to speak about their mentsl health and receive support. Health and wellbelng vlrtual group wlth Dr Laura Stlrrat - Group created due to lockdown restrictions limiting people's access lo GP and other professional bodies. Virtual walking group - People were encouraged to go out and walk, while sharing their eXperIenS with other members through a vatsApP peer support group. All participants were provided with step COLJnlers.
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2021 FUNDRAISING & DONATIONS Virgin Money donations Donation from a previous Servi user family Resourcing Racial Justice Lloyds Found81ion Trust CCLORS ICovid19 Community led organisalion recovery schemel DCMS (Digital, Culture. Media & Sport) COVID Updata This financial year has been a challenging one. As with other organisations, we have found COVID-19 to be a significant Challenge on several drfferenl levels. Initially the staff team faced signffi¢ant pressure and difficulties trying to adjust lo the new ways of working. Gratefully, our staff understood the position and have all pulled together in order to enable us to carry on servicing our members, albeit in different ways. Staff have continued to deliver as many of our services remotely lo continue to support our service users and families through these uncertain times. They have found imaginative ways to deliver activities and rtnered with other organisalion5 to make sure we were still making a positive differen to the wider community. Al the lime of this report, the staff team are still working from home. We have completed the required Risk Assessments and are planning on returning lo our offices on the 2 August on a staggered return basis. Decisions will be agreed prior to OLJr moving as lo how staff will work, e.g., the number of days they will spend in the office and number of days still working from home. As we are all still seeking clarification with regards lo the govemmenl guidelines re. COVID-19, which can sometimes be drfficull lo explain lo our users. It can also be confusing for our staff. Vvhen we do return lo our offices, we will be continuing to carry out some of the emotional and practical support sessions, activities, and events digitslly, gradually working towards getting back lo working face lo face. Finally. the organisation has been able to benefit from COVID-19 grant funding helping us lo be able to purchase relevant equipment e.g., a large number of tablets for the useis were purchased so we could reach more people digitally and also made it possible for us to be able to update our IT equipment. Our priorities now include further digital improvements and possible changes regarding our premises in the future. Financial review The lolal income for the year was £465,998 12020.. £323,039). The total expenditure for the year was £348,79512020.. £361,364) giving rise to an overall surplus of £117,20312020.' deficit of £38,325) consisting of a surplus of £134,203 on the unrestricted funds and a deficit of £17.000 on the restricted funds. Reserves policy It is the policy of the charitsble company lo establish and maintain unrestricted funds which are not committed, invested or designated lo a specific service. Unrestricted funds not designated are grants, other income or donations which have and can be used freely and allow the trustees the freedom lo work to achieve their objectives in whatever way they think is best without any funder restriction or conditions attached. Unreslricled funds usually go toward the operating expenses of the organisation or lo a specific service. Total funds carried forward al 31 March 2021 were £402,491. Free reserves amount to £118,341 12020". £62,750). The target for free reserves is 20 /. 30 /0 of current expenditure, which is £55,000 £80,000 based on unrestricted expenditure in the year ended 31 March 2021. Risk policy The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to miligale exposure lo the major risks.
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2021 Structure, governance and management The charity is a company limited by guarantee. The Company was incorporated on 28 May 1996. Charitable status was granted on 17 June 1997. The trustees, who are also the directors for the purpose of company law, and who served during the year were.. Anike Akinola Inol a director) Jannine Anligha Alice Beckerleg Phil Gore Stanley Mayne Karen Mello Michelle O'Dwyer John Wainwright Kemi Olubu Mark Lylh S Berko (Resigned 28 July 20201 (Resigned 15 January 20211 (Resigned 10 September 20201 IAppoinled 6 November 20201 IAppoinled 16 September 20201 (Appointed 10 December 20201 The directors of the company are also charity Iruslees. For the purpose of Charity Law and under the company's Articles ofAssocialion Iruslees are also known as members of the Management Committee. All current trustees will strive lo identify good candidates for trusteeship and appoint new Iruslees on merit. All trustees participate in relevant induction, training and development activities. In order to maintain broad skill mix, members of the management committee provide a list of skill. If a particular skill is lost due lo retirement, individuals are approached lo offer themselves for election. Srnall company provisions The report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. The trustees, report was approved by the Board of Trustees. INaren Niello Trustee Dated. 15 October 2021
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2021 The trustees, who are also the directors of Granby Community Mental Health Group for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi1. Company Law requires the Iruslees to prep8re financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming reSoUrS and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP, make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departLJres disclosed and explained in the financial stalemenls," and prepare the financial slalemenls on the going concern basis unless il is inappropriate to presume that the charity will continue in operation. The Iruslees are responsible for keeping adequ81e accounting COrdS th81 disclose with reasonable accuracy al any lime the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GRANBY COMMUNITY MENTAL HEALTH GROUP I report lo the Iruslees on my examination of the financial slalemenls of Granby Community Mental Heah Group Ilhe charity) for the year ended 31 March 2021. This report is made solely lo the charity's trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My examination has been undertaken so that I might slate lo the charity's Iruslees those matters l am required to slate lo them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law. I do not aept or assume responsibility to anyone other than the tharity and the charity's Iruslees as 8 body, for my examination, for this report, or for the opinions I have formed. Responsibilities and basis of report As the trustees of the charity land also its directors for the purposes of company lawl you are responsible for the preparation of the financial ststements in accordance with the requirements of the Companies Act 2006 Ithe 2006 Acti. Having satisfied myself that the financial slalemenls of the charity 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 the charity's financial slalemenls carried out under section 145 of the Charities Act 2011 Ithe 2011 Acll. In carrying OLJt my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlnerfs statement Since the charity's gross income exceeded £250,000 your examiner musl be 8 member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountsnls in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial slalemenls do not accord with those records". or the financial stslements do not Comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordan with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination lo whch attention should be drawn in this report In order lo enable a proper understanding of the financial slalemenls lo be reached. Mr Peter Taaffe FCA CTA DChA BWM Chartered Accountants Castle Chambers 43 Castle Street Liverpool L2 gSH Dated.. 18.10.2021
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Current financial year Unrestricted Restricted funds funds 2021 2021 Total Total 2021 2020 Notes Donations and legacies Charitable activities 69,176 339,425 69,176 396,822 10,287 312,752 57,397 Total income 408,601 57,397 465,998 323,039 Charitable activities 274,398 74,397 348,795 361,364 Total expenditure 274,398 74,397 348,795 361,364 Net incomellexpenditurel for the yearf Net movement in funds 134,203 117,0001 117,203 138,3251 Reconciliation of funds Fund balances at 1 April 2020 288,288 17,000 285,288 323,813 Fund balances at 31 March 2021 402,491 402,491 285,288 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from wntinuing adivilies. The movement in funds detailed above complies with the requirements for a statement of changes in equity under FRS102. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Prior financial year Unrestricted Restricted funds funds 2020 2020 Total 2020 Notes Donations and legacies Charitable activities 10,287 295,752 10,287 312,752 17,000 Total income 306,039 17,000 323,039 Charitable activities 347,364 14,000 361,364 Total expenditure 347,364 14,000 361,364 Net incomellexpenditurel for the yearl Net movement in funds 141,325} 3,000 138,3251 Reconciliation of funds Fund balances at 1 April 2018 309,613 14,000 323,613 Fund balances at 31 March 2020 268,288 17,000 285,288 The slalement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The movement in funds detsiled above complies with the requirements for a slalemenl of changes in equity under FRS102. The slalemenl of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE BALANCE SHEET ASAT31 MARCH 2021 2021 2020 Notes Fixed assets Tangible assets 69,715 60,048 Current assets Debtors Cash at bank and in hand 11 21,094 315,032 20,991 207,599 336.126 228,590 Llabllltles: Creditors.. amounts falling due within one year 13,350} 13,3501 Net current assets 332,776 225,240 Total net assets 402,491 285,288 The funds of the charity Restricted fLJnds 17.000 Designated funds General unrestricted ftjnds 14 214.435 188,056 145,489 122,799 Total unreslricled funds 402,491 268,288 Total charity funds 402,491 285,288 The wmpany is enlilled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021. The directors a¢knowledge their responsibilities for ensuring th81 the Charity keeps accounting records which comply with section 386 of the Act and for preparing financial slalements which give a true and fair view of the slate of affairs of the company as al the end of the financial year and of ils incoming reSoUS and application of resources, including ils 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 financial statements, so far as applicable lo the company. The members have not required the company to obtain an audit of ils financial slalemenls for the year in question in accordance with section 476. These financial ststements have been prepared in accordan with the provisions applicable lo companies subject to the small companies regime. The financial statements were approved by the board of directors and aulhorised for issue on 15 October 2021 and are signed on ils behalf by". Ib'i,, G,: p.bJ, Karen Mello Trustee Kemi Olubu Trustee Company Règitstration No. 3204514
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies Company infomiation Granby Community Mental Health Group is a private company limited by guarantee incorporated in England and Wales. The registered office is 91 Upper Padiament Street, Liverpool, L8 7LB. 1.1 Accounting convention The accoLJnts have been prepared in accordance with the charity's memorandum and articles of association, the Companies Act 2006 and Accounting and Reporting by Charities". Slalemenl of Recommended practi applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 20161. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Slalemenl of Cash Flows. The financial ststements are prepared in sterling, which is the fun¢lion81 currency of the charity. Monetary amounts in these financial statements are rounded tr) the nearest £. The accounts have been prepared on the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the lime of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resour$ lo continue in operational existen for the foreseeable future. Thus the Iruslees continue to adopt the going concem basis of accounting in preparing the accounts. Following a detsiled assessment by the Management Team and Board of Trustees and given the level of funds held, il is still appropriate for 2021 accounts lo be filed on a going concem basis. 1.3 Charitable funds Restricted funds are used for the purposes specified by the donor. Expenditure which meets the criteria is identified to the fund. The Iruslees have considered the treatment of funds as restricted and have reclassified certain contracts as unrestricted. Unrestncted funds are donations and any other income received or generated for the objects of the charity wilhoul further specrfied purpose and are available as separate funds. Designated funds MpriSe funds which have been sel aside al the discretion of the Iruslees for specific purposes. The purposes and uses of the designated funds are sel out in the notes to the fin8nci81 statements. 1.4 Incomo Donations, legacies and other forms of voluntary income is recognised when the charity is legally entitled lo it after any performance conditions have been mel, the amounts can be measured reliably, and it Is probable that income will be reived. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation lo donations received under Gift Aid is recognised al the lime of the donation. Legacies are recognised on reipt or olhetwise if the charity has been notified of an impending distribution, the amount is known, and reIpl is expected. If the amount is not known, the legacy is treated as a contingent asset. 10-
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollcles {Contlnued) Grants, Including grants for the purchase of fixed assets, are recognised in full in the Slalemenl of Financial Activities in the year in which they are receivable. 1.5 Expenditure Expenditure reflects all amounts paid and accrued during the year. Expenditure includes any VAT which cannot be fully recovered and Is reported as part of the expenditure lo which it relates. All costs are allocated between the expenditure Categories of the Slalemenl of Financial Activities ISOFAI on a basis designed lo reflect the use of the resource. Costs relating lo a particular activity are allocated directly, support costs are apportioned on an appropriate basis. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. 11 includes both costs that can be allocated directly lo such activities and those costs of an indirect nature necessary to support them. Governance costs represent costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees and costs linked lo the strategic management of the charity. Support costs are those functions that assist the work of the charity bul do not directly undertake charitable activities. Support costs include staff salaries. premises and other costs which support the charity's activities. These costs have been allocated to expenditure on charitable aclivilies. The basis on which support costs have been allocated is set out in note 6. 1.6 Tangible fixed assets Tangible fixed assets are measured at cost, nel of depreciation and any impaimienl losses. Depieciation is piovided st rates calculated to write off the cost less eslimaled residual value of each asset over its expected useful life, as follows.. Leaseholol Improvements Fixtures, fittings & equipment 1 OA straight line 20 /0 slraighl line Only capitsl expenditure in excess of £250 per item is capilalised. 1.7 Impairnient of fixed assets Al each reporting end dale, the charity reviews the carrying amounts of ils tsngible assets lo determine whether there is any indication that those assets have suffered an Impainrenl loss. If any such indallOn exists, the recoverable amount of the asset is eslimaled in order to determine the extent of the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts.
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollcles {Contlnued) 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 charity's balan sheet when the charity becomes paty lo the Contractual provisions of the inslrumenl. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention to settle on a nel basis or lo realise the asset and settle the liability simultaneously. Basic financial assets Basic fi'nancial assets, which include debtors and cash and bank balances, are initially measured at transaction price including Ir8nsaclion costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslitules a financing Iransaclion, where the transaction is measured at the present value of the future receipts discounted at a market rale of interest. Financial assets classified as reIvable within one year are not amortised. Bas1¢ flnanclal Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement conslilules a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted al a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or ServIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified 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 price and subsequently measured al amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's conlraclual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday enlitlemenl is recognised in the period in which the employee's seNices are received. Termination benefits are recognised immediately as an expense when the charity is demonsliably committed to temiinate 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. 1.12 Taxation The charity benefits from various exemptions from tsx81ion afforded by tax legislation and is not liable lo corporation tax on Income or gains falling within those exemptions. The charity is not able to recover Value Added Tax. Expenditure is recorded in the ?ount$ inclusive of VAT. 12-
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estirnates and associated assumption5 are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales 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 where the revision affects both cutrenl and future periods. Donations and legacies Unrostri¢tgd Unrestricted funds funds 2021 202D Donations and gifts Grants 8,616 60,560 4,568 5,719 69,176 10,287 Charltable actlvltles Mental health servlces 2021 2020 Setvices provided under contract Gr8nls received Other income 338,082 57,397 1,343 291,041 17,000 4,711 396,822 312,752 Analysis by fund Unrestricted funds Restricted funds 339,425 57,397 396,822 Performance relatgd grants Other 57.397 17,000 57,397 17,000 13-
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Charltsble actlvltles {Contlnued) For the year ended 31 March 2020 Analysis by fund Unrestricted funds Restricted funds 295,752 17,000 312,752 Charitable activities 2021 2020 Mental health servlces Staff costs Depreciation and impairment Staff development and travel Project costs Premises costs Office costs Miscellaneous 265,449 4,114 3,809 8,444 20,821 9,529 6,665 256,862 2,422 2,101 16,151 29,907 15,116 9,449 318,831 332,008 Share of support costs Isee note 61 Share of governance costs Isee note 61 26,230 3,734 25,587 3,769 348,795 361,364 Analysis by fund Unrestricted funds Restricted funds 274.398 74,397 348,795 For the year ended 31 March 2020 Analysis by fund Unreslricled funds Restricted funds 347,364 14,000 361,364 14-
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Support costs Support Governance Costs costs 2021 Support Governan costs costs 2020 Staff costs Legal and professional 24,622 1,608 24,622 1,608 24,099 1,488 24,099 1,488 Independent examination Accountancy Bank charges 1,100 2,321 313 1,100 2,321 313 1,100 2,251 418 1,100 2,251 418 26,230 3,734 29,964 25.587 3,769 29,356 Analysed between Charitable activities 26,230 3,734 29,964 25.587 3,769 29,356 Support and governance costs are allocated to charitable activities. Governance costs Includes payments lo the accounlanls of £1,100 12020 - £1,100) for independent examination fees and £2,321 12020- £2,251) for accountsncy Servi$. Trus199S None of the trustees lor any persons connected with theml received any remuneration during the year 12020 none). During the year there were no trustees, expenses 12020.. none). 15-
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Employees Number of employees The average monthly number of employees during the year was.. 2021 Number 2020 Number Charitable 13 13 Employment costs 2021 2020 Wages and salaries Social security costs Other pension costs 261,189 22,848 6,034 256,945 18,709 5,307 290,071 280,961 There were no employees whose annual remuneration was £60,000 or more. Tangible fixed assets Leasehold Improvements Flxtur88. fittings & equipment Total Cost Al 1 April 2020 Additions 63,488 78,974 13,782 142,462 13,782 At 31 March 2021 63,488 92,756 156,244 Depreciation At 1 April 2020 Deprecialion charged in the year 5.080 635 77,335 3,479 82,415 4,114 At 31 March 2021 5,715 80,814 86,529 Carrylng amount Al 31 March 2021 57.773 11,942 69,715 Al 31 March 2020 58,408 1,640 60,048 16-
GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 10 Financial instruments 2021 2020 Carrying amount of financial assets Debt instruments measured at cost 333,975 226,440 Carrying amount of financial liabilitias Measured at cost 3,350 3,35D 11 Debtors 2021 2020 Amounts falllng du¢ wlthln one year: Other debtors Prepayments and accrued income 18,943 2,151 18,841 2,150 21,094 20,991 12 Creditor8- amounts falling due within one year 2021 2020 Accruals and deferred income 3,350 3,350 17-
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GRANBY COMMUNITY MENTAL HEALTH GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 14 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 2019 Transfers Balance at 1 April 2020 Transfers Balance at 31 March 2021 Designated fund 137,740 7,749 145,489 68,946 214,435 137,740 7,749 145,489 68,94S 214,435 The Designated Fund is lo cover stsff redundancies and other closure costs in the event that the Charitable company has to cease operating. 15 Company limited by guarantee Granby Community Mental Health Group is incorporated under the Companies Act as a company limited by guarantee. The liability of the members is limited lo £1. 16 Related party transactions Rgmungration of kgy managgmgnt personnol The remuneration of key management personnel is as follows. 2021 2020 Aggregate remuneration 79,796 77,887 There were no other related party 1ransath.ons during the year. 19-