Charlt¥ reclrtrailon number 1071395 Company re8lstratlon number 32945471En8land and Wales) CHAPTER IWEST CHESHIRE) LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CHAPTER (WEST CHESHIRE) LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Truste•s Lee Mooney Stephanie OgunjimS Gabor Balint Louise Mcwatt Kevln Hochard Joanne Hadlev Se¢retsry Janice Easlwood Charlty numb¢r 1072395 Company number 3294547 Reglstered offlce Sianlaw Abbey Business Centre Dover Drive Ellesmere Port Cheshire CH65 98F IndepebKlent examln Mltchell Charlesworth 24 Nlcholas Street Chester CHI 2AU Bankers Metro 8ank 15 Paradlse Street Liverpool LI 3EU
CHAPTER (WEST CHESHIRE) LIMITED CONTENTS P4ge Chair's Report Trusiees report Independent examiner's report Statement of financial activSties Balance sheet Statemeni of cash flows io Notes to the financial statements
CHAPTER (WEST CHESHIRE) LIMITED CHAIR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 l am dellghted to be able to say that over thls last flnanclal year to 31 March 2024, Chapter has gone from strength to strength both financially and in terms of the service breadth and quality we have been able to deliver. Over the last year there has been little evidence of improvement ID the challenge5 laced by the NP15 and capacity in Social Care has continued to be well below even a basic level of adequacy. The ongoin8 C05t of livin8 crisis has only added to the stresses of everyday life for many. The mental healih services provided by Chapter across Cheshire West and Chester have continued to provide viial support to people who oiherwise may have no access io alternarive help. In the 2023124 financial year, Chapter has continued its trajectory of strengthening its financial performance and posltion. We closed our 2023124 financial year with a healthy surplus, which puts us into a sustainable position. This outcome is testament to the leadership and efforts of all staff of this small organisation and it makes planning for the future very ex¢itin8, exploring how we can continue to expand our servlces in a responsible and financially affordable wav. We are very lucky to have such a professlonal. dedlcated and hu8ely capable team delivefin8 excellent pro8rammes and support for our servlce users. They are led by our CEO, Jolene Weaver who has shown exceptlonal leadershlp and I know the wider team feel they have exceptlonal support whlch means we have reiained our siaff and creaied opportunlties for them to develop and grow in their role5. We have updated and Improved our risk management policie5 and adapted our programmes to ensure we remain current and up to date in all we do. Our use of volunteer5 continues to prove very successful, and they are a crucial element of our service delivery. They themselves receive extensive trainin8 and Valuable work experience. Chapter beneflts from continued support from both our loyal lon8.term fundin8 supporters and from new sources ol fundin8 which has allowed us to operate with confidence and io selectively expand our service provision into areas where there 1$ clearly additlonal need. We could not be more grateful for thelr support and the confidence they have shown In Chapter to deliver on our commitments to them. We contlnue to offer four core services, these bein8 Aspire, Connect, RE:SET and Belon8. These pro8rammes can be reviewed on our webslte. and they continue to deliver to the varying needs of our service users with the same high level of quality and effecriveness. We have also contlnued to make good use of The Haven and have been pleased io see its use continuing to expand. The programmes we offer empower our service users and help to support both them and their families to progress to a betier place, wlth confidence and trust key to thai progress. The feedback and case studies ihat we review regularly gSve us confldence that we are maklng a truly positive dlfference in ihe cofflmunitles we serve. It has been a privilege for me to remain as Chair of Chapter through a second year of strong progress and succe55. At the next AGM Stephanie 08unjimi will be steppin8 down as Deputy Chair and retiring as a Trustee. I would like to express my own personal thanks to Steph and the thanks of everyone at Chapter for the major contribution she has made durin8 her time with us. Our Intent is to appoint Joanne Hadley as our new Deputy Chair at the AGM and l am confident she can do a great job In thls expanded role, Chapter wlll contlnue to strSve to meet the mental health support needs of the communities we serve acfOSS Cheshlre West and Chester. Our key focu5 will remain on quality and effeciiveness of the Services we deliver. We plan to expand our services in precise areas where there 15 a recogni5ed need. and funding 5UPPQrt available, to deliver the quality standards we Set our5elve5. Everything we do 15 dependent on the support and generosity of our funding partners, and this allow us to retain Chapter team of exceptional capabilities who can really make a difference to people's lives. I cannot thank either of ihese enou8h for what they enable Chapter to deliver. I look forward to Chapter continuing to evolve and positlvely develop and broaden our Gipabilitles to meet some very important needs of our local communities and I have every confidence In our abillty to do so. Lee Mooney Chalr
CHAPTER (WEST CHESHIRE) LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report and financlal statements for the year ended 31 March 2024. The financlal statements have been prepared In accordance with the accounting policles set out in Note I to ihe flnancial statements and comply wlth the Charlty's 8overnln8 document, the Companies Act 2CK)6 and Accountlng and Reportin8 by Charitie5.' Statement of Recommended Practice applicable to charities preparing thelr 3ccount5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. {effective l January 2019). Objertlve5 and actlvltSes All of Chapter's activities are developed to ensure it can achieve the followin8 aims: helpin8 people to promote positlve mental health supporting people to better manage iheSr mental health build confldence. life skills and greater self-esteem supporting people to work and be able to Ilve an independent life enabling people to overcome isolation and be part of a community. Publlc Benellt All charltie5 are legally required to have aims thal provide public benefit. The Charity Comm155ion in Its 'Charities and Public Benefil, guidance states thal an organisation's aims are lor the public benefit. Firstly. there must be an identiliable benelil, and secondly, that the benefit must be to the publlc or a section of the publlc. The trustees confirm their regard lor the guidance and are confident ihat Chapter meets the crlteria. For example,. the oblerts of the Charity In our Memorandum and Articles of Assoclatlon are defined as PublSc Benefit our progre$5. including ihe number of beneficiaries, 15 reported publicly in the Trustees, Annual Report Chapier accepts referrals from statutory agencles, such as local auihorilies and NHS trusis. as well as local ihird sector organlsalions, who suppori people affected by mental 111-health bui do not provide the same servSces as Chapler The core of Chapter's services are free at the point of dellvery lo its servlce users, except in certain instances such as the provlslon of training courses to corporate/prlvate clients. Actlvltles Chapter continues to provide a variety of servlces and activities to promote mental health recovery, these include: ASPIRE - focused one-to-one menlal health coaching to enable people living with mental 111-health to set meanlnglul goals to support thelr recovery. Moilvational. emotional. and posilive encouragement remain an integral part of this work BELONG - group activitSes that brlng people Ilvlng with mental ill-health together around a shared Interest to bulld confidence, meet new people, and try new thln8s. We have developed a wider offer for thls service In 2023124 thanks to our National Lottery fundin8 CONNECT - our one-to-one li5tenin8 service providin8 a non-judgementsl listening ear. This is delivered by an mazing team of trained volunteer5 RE..SET . a series of mental health and wellbein8 work5hop5 promotin8 POSltive mental health. RE:SET Supports people to develop life skills to aid their mental health recovery. Peer support is a particularly successful aspect of thi5 work,
CHAPTER (WEST CHESHIRE) LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 We contlnue to develop our work wSth the wlder communlty Includlng at The Haven, Ouf wellbelng garden In Ellesmere Port. Alongslde sessions delivered by the Chapter team, we have continued to enable other community organisatlons to access the space. In 2023124 the Wilderness Trlbe delivered a men's mental health group there on a weekly basis. At the end of 2023, national charity, The Conservation Volunteer5, approached Chapter to deliver a range of se55ions at The Haven. We are excited to see how this new relationship develops over the next year bringing benefits for both Chapter service users and the wider community. We have continued to develop our work with the private and statutory sector deliverin8 a range of bespoke mental health and wellbeing Workshops alongslde accredited Menlal Health First Aid qualiflcations. Partnershlps Chapter contlnues to work in partnershlp wlth other or8anisations lo deliver best outcomes for the people who need our services. We have been èn instrumentsl member of the local Menial Health Alllance, a group of voluntary and community sedor or8anlsations collaborating to make a real dlfference in ihe local mental health services landscape. Achle¥ements and performance In 2023124 Chapter surpassed its prevlous yeaf's achlevements by workln8 With 324 unlque Indivlduals with a total of 2,882 attendances. We contlnued to receive a high number of referrals through a wide range of referral Sources and developed new pathways with organisatloDS such as specialist drug and alcohol services. Our Service u5er5 continue to reflert the community we serve with a diverse range of needs. We continue to provide our support based on the presenlin8 needs of the individual, adaptin8 our delivery to ensure the best outcomes for everyone who acce55es Chapter. We value our whole team at Chapter reco8ni5in8 the contribution of both our paid staff and the wider volunteer team. We offer initlal and on80in8 traSnSng lo ensure that everyone has ihe skllls and confidence they need to provide the best quality service to those who need our support. We monitor our policy frameworks to ensure we are meeiln8 all statutory requlrements, managing rlsk to the organlsatlon and supportSn8 our team to deliver a range of high.quallty servlces meetin8 the needs of people livlng with mental ill.health In the local area. Flnanclal revlew Chapter maintains adequate controls over the assets of the charlty whlch are regularly revlewed by the CEO, Treasurer and board of trustees. The financial performance and positlon of the or8ani5ation is captured in monthly management accounts that are annotaled by the CEO and shared wlth the trustee5. The charity has restricted and unrestrirted accounts a5 described in the accounts. Continuing on the trajectory we started in 2022123, we have achieved a compleie turnaround in our financlal performance. Our structure and cost control meani ihat, despite ihe challen8in8 economic envlronmenl ènd continuin8 to reward our staff In a responsible way. we have kept costs virtually at the same level as the previous financial year, as they Sncreased by just over £lk to £240k from £239k. At the same tlme, Chapter has been able to Increase its income bv lust over 20% from the prevlous year, to £294k from £245k. We have been successful Sn applyln8 for 8rants for speclfic work and our success In obtalnlng fundln8 from the Natlonal Lottery has made a material dlfference. Over the year we worked to diversify our income 5trearn5. This included securing funding from contract5 With Statutory 38encies such a5 the l(xal authority and health partners, securin8 donation5 from the wider community. deliverin8 trainin8 to private busine55es. and receivin8 8rants from charitable trusts.
CHAPTER (WEST CHESHIRE) LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal reserve slrateoy The company's reserve strate8y has been formulated under the guldance of the Charity Commlsslon (Charlty reserves: buildln8 resllience ICC1911 that sets out that there is no single level or even a range of reserves that is rlght for all charltles. Any target set by trustees for the level of reserve5 to be held. or decision that there is no need for reserve5. should reflect the particular circumstances of the individual charity. For Chapter. its Fleserves Policy is reviewed annually, and its reserves position is calculated monthly in the management account5. The purpose of reserves is to support the on80in8 objectives of the charity so that ne8ative fluctuations in funding would not have an immediate adverse impact on clients or staff. In addiiion, reserves are provided to make good any deflclts from authorised projects. Our objectlve Is to malntaln protected reserves represenlln8 at least two months, runnln8 Costs plus closure costs, As a secondary Indicator, we are also tracking and monitorln8 six months. running Costs as a lead-lndicator and review this quarterly. The Treasurer and CEO, sUPPOrted by the finance officer work closely and meet regularly to revlew the financial performance and position of the or8anisation. Flnanclal risk As a small charity Chapter still relies heavily on short term grant funding. however securing a three-year grant from the National Lottery12023-20261 has increased our stability and ability to plan. We continue io work to develop our corporate services offer to Increase earned Income and we are working to build relationships In the community to maximise donations from members of the publlc who have an interest In our work. Rlsk mJnagement The Board of Tru5tee5 regularly revlews the major risk io wh•ch Chapter is emposed through regular reports Irom ihe CEO. Whenever posslble, processes and procedures are in place to mitlgale these risks and a clear policy framework helps to ensure rlsks are monitored, managed. and mltlgated as far as reasonably practlcable. The rlsks to external funding are kept under frequent examination 50 that, when required, new and diversified fundln8 source5 can be investigated and if necessar¥, the activities of the charity can be modified. Internal financial risk5 are minimised by the adoption of a 5Ulte of clear policie5 and procedures. Projects are monitored and 355essed fegularly to ensure consistent quality acr055 all operational aspects of the charitv. Trainin8 is provided to staff and volunteers to ensure that safe8uardin8 and safe workin8 practices are central to all our activitle5. Strurture, governance and mana8ement Chapter IWe5t Cheshire) Llmitedls a registered charlty INO. 10723951 and as a company Ilmlted by 8uarantee INO, 32945471. It is £overned by Its Memorandum and Artlcle5 of Association dated 19th December 1996. The Trustees. who are also the directors for the purpose of company law, and who served during the yeaf and up to the date of signature of the financial statements were.. Lee Mooney Stephanie Ogunjirni Gabor Balint Louise Mcwatt Kevln Hochard Joanne Hadley
CHAPTER (WEST CHESHIRE) LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Appolntment of trustees Trustees are expected to= support the organisation and its aims act as ambassadors for ihe organisation demonstrare sound common sense and a breadth of experience declare any potential conflicts of Interest attend board of irustee meetings help with specific projects as required be le8ally able to urry out thelf duties as trustees Trustee5 are appolnted by the board of tru5tee5. New tru5tee5 are recruited a5 required to complement the sk1115 of existing trustees. New trustees undergo an induction into the organisation which includes, as a minimum, training around safeguarding and confidentiality. All board members sign the Trustee HandtKk on induction. Mana8ernent Chapter's activities are overseen by a boafd of trustees,. at the start of the financial year 2023124 the board consisted of six trustees. The board of irustees meets, on average. every eight weeks to receive reports from the Chief Executive Officer and to effect strate81¢ and administrative declslons. Chapter does noi operate a sub-committee structure. To ensure that the board Is Informed about Chapler's performance between board meetings, the Treasurer approves monthly management accounts. The CEO also prepares regular briefings which provide updates about the team, finance and fundraising, ser¥lce Pfovlslon. and marketln8 and engagement. The board also regularly revlews the Risk Re8lster. At each board meetin8 the CEO provides a more detailed report including information about new opportunitles, any risks, ary serious incidents and any safeguarding or health and safety issues. The CEO also present5 performance against key performance indicator5 which the board agrees at ihe beginning of each financial year- these may be adjusted if new projects are secured. Presentations by member5 of staff on different aspects of the work with Chapter may a150 be periodically brou8hi to the board ol trustees meetin8. Structure Trustee5 are also directors of the charilable company for the Purposes of the Companies Act. The financial statement5 have been prepared in accordance wlih the accountln8 pollcles sei out In ihe noies io the financial statemenis and comply with the charity's governing document, Companies Act 2Crf)6 and 'Accounting and Reporling by CharitSes.' Statement of Recommended Practice, applicable to charlties preparing their accounts Sn accordance wlth the Financial Reporting Standard applicable In the UK and the Republic of Ifeland IFRS 1021 leffective l January 20191. CEO comments It has been a privilege to lead the Chapter team over the past 12 months. It has been another challenglng year for people Ilvin8 Wlth mental ill-health. Unfortunately, too many people are still struggling to find the help and 5UPPOrt they need to thrive. Many of the people that we are working Wlth face complem challenges. fortunately. we have a skilled team that conlinue to draw upon their experiences to support people effectivelv. In 2024 we will be workin8 wlth our wmmunity to review our strate8y lo ensu that Chapter is still meeting the need5 of the communlty it serves, ensuring that we continue to focus on Ihe things that matter to the people we work with, Independent emamlner Miichell Charlesworth was appointed as Independent Examiner for 2023124 and a re501ution will be put before the Annual General Meeiin8 re8ardin8 future Independent Examiner.
CHAPTER (WEST CHESHIRE) LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 ru5 ees report Wa5 approved by the 8oard of Trustees. Lee Mooney Tvust•e 2310912024 Date-.............................................
CHAPTER (WEST CHESHIRE) LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHAPTER (WEST CHESHIRE) LIMITED I report to the Trustees on my emamlnation of the financial statements of Chapter (West Cheshlrel Limlted (the Charltyl for the year ended 31 March 2024. ResponslbSlltle$ and basls of report As the Trustees of the Charity land also its directors for the purposes ol company lawl you are responsible for the preparatSon ol the flnancial slatements in accordance with the TequiremeDiS of ihe Companie5 Act 2006 {the 2006 Act). Having satisfied myself that the financial statements of the Charrty are not required to be audited under Part 16 of the 2006 Aci and are eliglble for Independent examination, I report in respect of my examination of the Charity's financial statements carrled out under section 145 of the Charities Act 2011 (the 2011 Actl. In carrying Out my examination I have followed all the applicable Directions 8lven by the Charity Commission under section 14515llbl of the 2011 Act. Independent emamlnei's statement Since the Charity's 8ross income exceeded £250.LKX) your examiner rnust be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accouniants in En8land and Wales, which is one of the listed bodies, I have completed my examlnation. I confirm that no matters have come to my attentlon in connectlon wlih ihe examinatlon 8lvln8 me cause to belleve thal in any material resped.. accounting records were not kept in respect of the Charity as required by sefflion 386 of the 2006 Act,. or the financial statements do not accord with those records,. or the financial staiements do nor comply with the accounting requlrements of Section 396 of the 2006 Act other than any requlrement thai the accounts give a true and fair view which is not a maller considered as part of an independent examinatSon.' or the financlal statements have not been prepared In accordance wlth the methods and principles of ihe Statement of Recommended Practice for accounting and reportlng by charities appllcable to charitles preparing thelr accounts In a¢cordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no Concerns and have come acr0$5 no other matters In connection with the examination to which attention should be drawn In thls report In order to enable a proper understandln8 of the flnanclal statemenls to be reached. Mltchell Charlesworth 24 Nlcholas Street Chester CHI 2AU Dated: 24 September 2024
CHAPTER (WEST CHESHIRE) LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unreslrlcted funds 2024 Restrlrted funds 2024 Total Unrestrlrted funds 2023 Restrlct¢d funds 2023 Total 2024 2023 P4ole5 Income from: Donations and legacies Charltable activitles Investment5 51,912 5,289 2,386 235.329 287.241 5,289 2,386 103.258 8.550 133.613 236.871 8.550 Total Income 59,587 235,329 294,916 111.808 133.613 245,421 Expendlture on: Charltable attivltles 5,239 235,329 240,568 105,778 133.613 239,391 Totsl expendlture 5,239 235.329 240.568 105,778 133,613 239.391 Net IbKome and movernent In funds 54,348 54,348 6,030 6.030 Reconclllatlon of funds: Fund balances at l April 2023 76,360 76,360 70,330 70,330 Fund balanc¢s at 31 March 2024 130,708 130,708 76.360 76,360 The statement of flnancial activitSes includes all 8alns and losses reco8nised in the year. All Income and expenditure derive from continuing actlvities.
CHAPTER (WEST CHESHIRE) LIMITED BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Flxed assets Tanglble assets li 5,989 8,869 Current assets Debtors Cash at bank and in hand 12 2,718 2CQ,137 106,912 129.383 202,855 178,1361 236,295 (168,8041 Credltors: amounts fallln8 due wlthln one year IJ Net currert assets 124,719 67,491 Total assets less curreni Ilabllltles 130,708 76,360 Net assets excludlni penslon Ilablllty 130,708 76.360 The funds of the Charlty Unrestricted fund5 130,708 76,360 130,708 76,360 The company Is eniitled to the exemptlon from the audlt quIreMent contained In sectlon 477 of the Companles Act 2CM)6. for the year ended 31 March 2024. The directors acknowledge their responsibilities for complying with the requlrements of the Companies Act 2006 with respect to accountlng records and the preparatlon of flnancial statements, The members have not required the company to obtain an audlt of its flnancial statements for the year In question In accordance with seclion 476. These flnancial statemenis have been prepared in accordance wlth the provlslons appllcable to companle5 subleci to the small companles regirne. 1110912024 The fi cial statemen were approved by the Trustees on ......................... Gabor Balint Trustee Company registration number 3294547 IEn8land and Wales)
CHAPTER (WEST CHESHIRE) LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash Ilows from operatlng actlvltles Cash genefated from operations 16 68,368 27,717 In¥ertln$ actl¥ltles Proceeds from disposal of tanglble fixed asset5 Investment income received 400 2.386 Net cash generated Irom Snvestlni adlvltles 2.386 400 Net c•sh used In Ilnanclni artlvltles Net IKie•se In cash •nd c4sh equlv4lents 70,754 28,117 Cash and cash equlvalents ai beginnlng of year 129,383 101,266 C•sh and cash equlv•lents at end ol year 2iXJ,137 129.383 10-
CHAPTER (WEST CHESHIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountln8 pollcles Charlty InformatSon Chapter (West Cheshire) Limited is a prlvate company Ilmited by guarantee incorporated in England and Wales. The re8lsiered offlce Is Sianlaw Abbey Buslness Cent. Dover Drlve, ElleSMe Port, Cheshire, CH65 9BF. 1.1 Accountln8 comientlon The financial statements have been prepared in accordance with the Charlty's governlng document, the Companies Act 2006 and "Accounting and Reporting by Charities: Ststement of Recommended Prartice applicable to charities preparing thelr accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191". The Charity is a Public Beneflt Entity as defined by FRS 102. The financial 51atements are prepared In sterlin& which 15 the functional currency of the Charity. Monetary amounts In these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, Imodified to include the revaluation of freehold propenies and lo include investmenr properties and certain flnancial insirumenls ai fair valuel. The princlpal accouniing policies adopted are set oui below, 1.2 Golng concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the CharSty has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltsble funds Unrestricted funds are available for use at the discretion of the Trustees In furtherance of their charilable objeclives. Restrirted funds are subject to speclflc condltlons by donors or grantors as to how they may be used. The purposes and Uses of the restricted funds are Set out in the notes to the financial statements. Endowment funds are subject to specific conditlons by donors that the capital must be maintained by the Charity. 1.4 Income Income is recognised when the Charlty Is legally entltled to it after ary performance condltions have been met. the mount5 can be measured reliably, and it15 probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been norified of the donation. unless performance conditlons require deferral of ihe amount. Income tax recoverable in relatSon to donations received under Gift Aid or deeds of covenant is recognlsed at the time of the donailon. Legacies are recognised on receipt or otherwise if the Charity has been notified of an impendin8 distribution, the amount 15 known. and receipt 15 expected. If the amount 15 not known. the legacy is treated a5 a contingent a55et. 11
CHAPTER (WEST CHESHIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Actountlng policies Iconllnuedl 1.5 Expendltur• Empenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement. and the amount of the obligation can be measured reliably. Expenditure is classified by actlvlly, The costs of each activlty are made up of the roial of direct costs and shared costs, Including support costs involved In underiakln8 each aciivity. Direct costs attrlbutable to a sin8le aciivity are allocèted dlrectly to that activity. Shared costs whlch contribute io more than one actlvity and support cost5 which a not attributable to a single activity are apportioned between those actlvities on a basis consistent with the use of resources. Central staff costs are allocated on the basls of time spent, and depreciatlon charges are allocated on the portion of the asset's use. Expenditure is reco8nised when It is Incurred and Is recofded 8ross ol related Income on the following bases.. Charltable expenditure comprises dlrect expenditure including direct staff cosis attriburable io its activilles. Governance costs comprlse those Incurred as a result of constltulional and statutory requirements. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at COSt and subsequently measured at cost or valuatlon, net of depreciation and any impairment losses. Depreciation is reco8nised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittin85 Computer5 15% reducin8 balance 25% strai8ht line The galn or10ss èrlslng on the dlsposal of èn asset is determSned as the dlfference between the sale proceeds and the carrylng value of the asset. and is recognised In the 5tstement of financlal actlvities. 1.7 Impalrnient ol flxed assets At each reporting end date, the Charity revlews the carrylng amounts of its tsnglble assets to determine whether there Is any indication that those assets have suffered an Impairment loss. If any such Indicatlon exists. the recoverable amount of the asset is estimated in order to detennine the extent of the impairment loss lif any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with ori8inal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowin85 in current liabilitles. 1.9 Flnanclal Instruments The Charity has elected to apply the provislons of 5ectlon 11 'Bèsic Flnancial In5trument5' and 5ectlon 12 '0ther Financlal Instruments15sues' of FRS 102 to all of its fi'nancial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statement5. when ihere is a legally enforceable right to set off the recognised amounts and therels an Intention to settle on a net basls of lo realise the asset and settle the liability simultaneouslv. 12-
CHAPTER (WEST CHESHIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Actountlng policies Iconllnuedl Boslcflnonclol ossets 8asic financial assets, which Include debiors and cash and bank balances. are initially measured ai transaciion price including transaction costs and are subsequently carried al amortlsed cost Using the effeclive interest method unless the arrangement constitules a Ilnanclng transaction. where the transaction is measured at the present value of the future receipls discounted at a market rate of interest. Flnancial assets classified as receivable wlthin one year are not amortlsed. Bosl¢flnonclal Ilobllltles Basic flnancial Ilablliiies, includln8 CdItorS and bank loans are Inltlally reco8nised at tfansaction prlce tsnless the arrangement constltutes a financlng transactlon. where the debt Instrument is measured at the present value of the futu payments d15counted at a market rate of interest. Flnancial liabilitles classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortlsed cost, using the effective interest rate method. Trade creditors are obligarions to pay for 8oods or seThices ihat have been acqulred in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due wiihin one year or less. If noi, they are presented as non-current liabllliies. Trade credilors are reco8nised Inltially at transactlon price and subsequenily measured at amortlsed cost using the effectlve interesl method. Derecoqnltlon olfinonclol Ilobllltles Financial liabilities are dereco8nised when the Charit¢s contraclual obli8ations expire or are dischar8ed or cancelled. 1.10 Employee benefft$ The cost of any unused holbday entltlement Is reco8nlsed In the period in whlch the employee's sep4lces are recelved. Termlnation benefits are recognlsed Immediately as an expense when the Charlty Is demonstrably committed to terminate the employment of an employee or to provide termination beneflts. Crltlcal accountlTri estlmates and Judgements In the application of the Charity's accounlin8 policles, the Trustees are required to make iud8ements, estimales and asstsmptions about the carrying amount of assets and liabllities ihat are not readily apparent from other sources. The estimates and ass(xiated assumptions are based on historlcal experience and other factors that are considefed to be relevant. Actual results may differ from these estimates. The estimate5 and underlylng assumptions are reviewed on an onEolng basis_ Revisions to accounting estimates 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 current and future periods. 13-
CHAPTER (WEST CHESHIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donatlons and legacles Unrestrlcted funds Restrlcted funds Total Unrestricted funds Restricted funds Total 2024 2024 2024 2023 2023 2023 Donations and gifts Grants Receivable and Conlracts 7,946 7,946 25,585 25.585 43,966 235,329 279,295 77,673 133.613 211.286 51,912 235.329 287,241 103,258 133,613 236,871 Grnnts re¢elv•ble for c(ve •ctfvltles Albert Gubav The National Lottery- Awards for All The National Lottery" Community Fund Charlie Waller Institute Cheshlre Communlty Foundalion - vaflOUS grants Cheshlre East Council Chesire West & Chester Council CWP NHS Foundatlon Tfust The Edward Gostling Foundalion Garfield Weston The Haberdashers, Company Masonic Charitable Trust NHS Cheshlre CCG NHS Che5hlre & Merseyside People's Postcode Trust Severn Trent Tudor Trust UKH FoundatSon Versus Arthritis West Cheshire Mental Health Forum Westminster Foundation Olher 18,909 18,909 6,306 6,306 7.425 7.425 10.475 10.475 88,410 88,410 3.495 3,495 8,144 8,144 4,074 12,399 4,074 12,399 29.615 22,498 29,615 22,498 35.480 35,480 8,000 6,253 6,253 25,000 25,000 3.576 6.664 6,970 10,436 13.377 3.576 6,664 6,970 10,436 13,377 3.336 13,940 3,336 24,376 10,436 20,0(X) 20.000 25.000 16,668 16.668 5,000 4,998 25.0 4,998 119 2,503 11,685 119 2,503 16,235 414 io.o(K) 17,189 414 10,000 34.426 4,550 17,237 43,966 235,329 279,295 77,673 133,613 211,286 14-
CHAPTER (WEST CHESHIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charltsble artlvltles Unrestrlrt•d funds 2024 Unr•strlcted funds 2023 Sales wlthln tharltable artlvltles Sale of goods 5.289 8.550 Income from Investments Unrestrlrted funds 2024 Unr*strSrted funds 2023 Interest receivable 2.386 Expendlture on Charltable actlvltles Charltable •ctlvltles Charltable actlvltles 2024 2023 Dlrect tosts Staff costs Depreciation and impairment service.user support costs Business expenses WCMHF expendltu 178,690 2.880 18.796 37.383 119 183,140 3.241 20.336 29,359 413 237,868 236,489 Share of support and £ovemanee cosrs {see note 71 Governance 2,700 2,902 240.568 239.391 Analysls by lund Unrestrlcted funds Restricted funds 5.239 235,329 105.778 133,613 240.568 239.391 15-
CHAPTER (WEST CHESHIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to artlvltles 2024 2023 Governance costs 2,700 2.902 Analysed between: Charitable activities 2,700 2,902 Trustees None of the Trustees lor any pern$ connected wlth them) recelved any remuneratlon or benellts from the Charlty durln8 the year. Employees The average monthly number of employees during the year was: 2024 2023 Number Number Charltable and management Empl¢>yment costs 2024 2023 Wa8es and salaries 178,690 183,140 There were no employee5 whose annual remuneration was more than £60.OtK). Rernuneratlon of key mana8emerf personnel The remuneration of key management personnel, whols ihe Chlef Executive Officer, is as lollows. 2024 2023 Aggregate compensation 35,995 33.958 10 Tamatlon The charity Is exempt from taxatlon on its activitles because all Its income Is applSed for charitable purposes. 16-
CHAPTER (WEST CHESHIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 TaTh8lble fixed assets Fl*turrt and fftun Compuo•rs Total At l April 2023 13.223 12.656 25.879 At 31 March 2024 13,223 12,656 25,879 Depreclatlon and lrnpalrment Ai l April 2023 Depreciaiion char8ed in ihe year 6,579 996 10,431 1.884 17.010 2.880 At 31 March 2024 7,575 12,315 19,890 Carrylng amount At 31 March 2024 5,648 341 5,989 At 31 March 2023 6,644 2,225 8,869 12 Debtors 2024 2023 Amounts tslllng due wfthln one year: Trade debtors Other debtors Prepayments and accrued Income 913 650 1,155 105.430 100 1,382 2,718 106.912 13 Credltors: amounts lalllnl due wlthln one year 2024 2023 Othef taxation and yxial security Other creditors Accruals and deferred Income 2,721 3,507 71,908 2,355 4,088 162.361 78,136 168.804 17-
CHAPTER (WEST CHESHIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Rertrlrted lunds The re5trirted fund5 of the charity comprise the unexpended balance5 of donations and grants held on trust subject to specific condition5 by donor5 as to how they may be used. Movement In funds lTrcomlni Movement In funds B•l•rKe •y••nd•d 31 Math 2014 X Aprll 2021 •xp•nd•d l Ayll 1023 Albert Gubay Asd Foundation 818 Lottery- Awards for All 818 Lottery - Heritage Cheshlre Communlty Foundation - lrnproving Outcomes 6,306 16,3061 18,909 118,9091 141X)I 2,475 12,4751 7,425 17,4251 8,IXIO 18,0001 4,074 14,0741 8.144 18.1441 Cheshlre East Council Cheshlre West & Chester Councll Chester Bluecoat Charitv CWP NHSFT Declbellas Department of Work & Pensions IZ.399 112.3991 35,480 135,4801 29,615 129,6151 300 13001 22,498 502 {22,4981 15021 Duchy of Lancaster The Haberdashers, Benevolent Foundation Hemby Charitable Trust Hydrogen Village Fund ICWVA) 546 15461 3.576 13.5761 1.000 11.0001 1,0 11,o(x)I Ma50nic Charitable Foundation Morrison's Foundation 3,336 13,3361 6.664 16,6641 3,437 13.4371 1.143 11.1431 18-
CHAPTER (WEST CHESHIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Re5trlrted funds Iconllnuedl The National Lottery NHS Education NHS Cheshire NHS West Cheshlre CCG - WCMHF People's Postcode Trust Prince of Wales Charitable Fund Robert Clutterbuck Charitable Trust 88,410 6,970 10.436 188,4101 16,9701 110,4361 13,940 (13,9401 413 14131 119 11191 13,377 113,3771 1,500 11,5001 I,ooo 11,0001 Sanctuary Group Cheshlre West Crowdfund Ispacehlvel Severn Trent The Chrime5 Familv Charltable Trust UKSPF ICWVAI The Ursula Keyes, Tru51 Versus Arthritis Vivo Care Choices Ltd WC&NW Chamber of Commerce 1.000 11,0001 1.5 11.5WI 5,102 20,IXIO 15,1021 120,0001 1.500 11,5001 2,500 12,5(K)I 2,030 4,998 12,0301 14.9981 1.850 11.8501 500 15001 We51min5ter Foundation 3 Counties Connected 10,000 (10,0001 2,503 12.5031 2,0(K) 12,0(X)I 133,613 {133,6131 235,329 {235.3291 19-
CHAPTER (WEST CHESHIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Re5trlrted funds Iconllnuedl Albert Gubay- Aspire wellbelng coach Salae5 Asda Foundatlon - Belong actlvlty supplles 81£ Lottery (Awards for All) - Belon8 activity 5e55ions Ch¢shlr¢ Communlty Foundatlon Ilmprovlni Oulc¢>mes fund) - Aspire programme Cheshlie West & Chester Councll - Aspire programme CWP NHSFT- Asplre programme CWP NHSFT- Belon8 sesslons and Connect programme In Cheshlre East Dedbellis - 5UPPOrt for parents of children with mental ill-health Duchy of Lancaster - Office furnlture The Haberdashers, Benevolent Foundatlon - Belong sesslons and Connect programme Sn rural CheshSre Hydro8en Vlllaie Fund (CWVA) - Belong actlvlty se551ons Masonk Charltable Trust - Belong activity sesslons Morr150n's Found•tlon . BeloD8 arts and crafts sessions The Natlonal Lottery - Supportin8 all core services NHS Educallon - Wellbeln8 coach peer support Iralnln8 NHS Che5hlre- RESET sessions NHS Cheshlre . West Cheshlre Mental Health Forum - a community consultation group, of which Chapter manage the book-keeping People's P05tcode Trust - Belon8 activity sesslons 5anrtuary Group- Belon8 activlly sessions UKSPF (CWVA) - Belon8 arts & crafts sesslons The Ursula Keye5' Trust- IT equipment Versus Arthrltls - Belong actlvity sessions Westmlnster Foundatlon . Aspire wellbelng coach salarles 3 Countles Connerted - Belon8 activlty trlps -20-
CHAPTER (WEST CHESHIRE) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include de5i8nated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At l Aprll 2023 Incomln8 resources R¢sources expended At 31 March 2024 General funds 76,360 59,587 15,2391 130,708 Prevlous year: At l Aprll ZOZZ Incomln8 resour¢es Resources expended At 31 March 2023 General funds 70,330 111,808 (105,7781 76,360 16 Cash ienerated from operatlons 2024 2023 Surplus for the year 54,348 6.030 Adjustments for.. Inveslment Sncome reco8nlsed In statement of financlal actlvltles (Gainllloss on dlsposal of tan8lble fixed assets Depreciation and Impairment of tsngible flxed a55ets 12,3861 81 3,241 2.880 Movements In workin8 Capital.. Decreasellincreasel in debiors IDecreasellincrea5e in creditors 104,194 190,6681 188.7511 107,116 Cash generated from operatlons 68,368 27.717 17 Analysls ol changes In net fvnds The Charity had no material debt during the year. 21