2022-08-31-accounts - Paces Sheffield

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

	For	The Year	Ended 31 Au u	st 2022
					2022		2021
			Unrestricted	Restricted	Total		Total
		Notes	fund f	funds	funds		fundsf
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2	218,974	385,964	604,938		550,581
Charitable activities
Charitable activities		4	2,007,150		2,007,150	1,433,377
Investment income Other income			884 9,575		884 ~9575		75 33001
Total			2,230003	305964	2 622,547	2,017534
EXPENDITURE ON
Raising funds		6	219,483		219,483		215,813
Charitable activities		7
Charitable activities			1,720 628	389,065	2,109,693	170107,1
Total			1 940 111	389,065	2,329,176	1	016884
NET INCOME/(EXPENDITURE) Transfers between funds		10	296,472 ~404	(3,101) 151	293,371		100,650
Net movement in funds			296,321	(2,950)	293,371		100,650
RECONCILIATION OF FUNDS
Total funds brought forward			546,327	105,652	651,979		551,329
TOTAL FUNDS CARRIED FORWARD			842 640	102,7D2	040,35D		651.979

	~Balan ~h B~At~~R2
		2022	2021
	Notes	E	E
FIXEDASSETS
Tangible assets		1,664,447	422,788
CURRENT ASSETS
Debtors	13	173,041	152,544
Cash at bank and in hand		~1422631	~1952640
		1,595,672	2,105,184
CREDITORS
Amounts falling due within one year	14	(814,769)	(375,993)
NET CURRENT ASSETS		790 003	1 729.191
TOTAL ASSETSLESSCURRENT LIABILITIES		2,445,350	2,151,979
CREDITORS
Amounts falling due after more than one year	15	(1,500,000)	(1,500,000)
NETASSETS		945,350	651,979
FUNDS	18
Unrestricted funds		842,648	546,327
Restricted funds		102,702	105,652
TOTAL FUNDS		945 350	651 979

				Ca	Fl w	ment
	For		Th	Year	En	1 Au	t2022
			Notes				2022 6	2021f
Cash flows from operating activities Cash generated from operations Interest paid				1			864,158 ~87,606)	341,839 ~13.344
Net cash provided by operating activities							776 552	~327895
Cash flows from investing	activities
Purchase oftangible fixed assets							(1,307,997)	(396,518)
Sale oftangible fixed assets							552	1,494
Interest received							884	75
Net cash used in investing activities							~1,306,561)	~394949)
Cash flows from financing	activities
New loans in year								1,500,000
Net cash provided by financing activities								1,500,000
Change In cash and cash	equivalents	in
the reporting period							(530,009)	1,432,946
Cash and cash equivalents beginning ofthe reporting	at the period						~1952640	519694
Cash and cash equivalents	at the end	of
the reporting period							~1422631	1,952,640

	ForThe	ForThe	ForThe	Year Ended 31 Au ust 2022
RECONCILIATION	OF NET INCOME TO			NET CASH FLOW FROM OPERATING	ACTIVITIES
					2022	2021
					F
Net Income for the	reporting		period (as	per the Statement of Financial
Activities)					293,371	100,650
Adjustments for:
Depreciation charges					65,786	42,409
Loss on disposal of	fixed assets					224
interest received					(884)	(75)
interest paid					87,606	13,944
Increase in debtors increase in creditors					(20,497) ~438776	(16,317) ~201 004
Net cash provided	by operations				~864 158	341,839
ANALYSIS OF CHANGES		IN	NET FUNDS
				At 1.9.21	Cash flow	At 31.8.22
						6
Net cash
Cash at bank and in	hand			1,952,640	~530009	1422 631
				1,952 640	~5300097	1422.631
Debt
Debts falling due after 1 year				1,500,000		1 500 000
				1,500,000		~1500000
Total				452,040	~030.009	~773,369

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2022	2022	2022	2021
				6	6		6
ESFA maintenance	grant				25,721	25,721	25,342
ESFA PE 8 sports	grant				16,180	16,180	16,220
ESFAfree school	meals	grant			1,871	1,871	4,412
ESFAteachers pay grant ESFAteachers pension grant					6,999 19,398	6,999 19,398	6,999 19,398
ESFA tutoring grant					6,874	6,874
ESFA recovery premium					6,000	6,000
Pupil premium					22,596	22,596	22,704
School meals				7,862		7,862	6,217
Hospital Saturday	Fund				10,000	10,000
Hany Bottom Charitable		Trust			5,000	5,000
Sheflield Church Burgesses Trust					5,000	5,000
Sheflield City Council					22,097	22,097
Children In Need					33,653	33,653	33,534
The Clothworkers	Foundation				30,000	30,000
Bernard Sunley Foundation					50,000	50,000
Masonic Charitable	Foundation				19,800	19,800	19,800
The Beatrice Laing	Trust				5,000	5,000
The Percy Bilton Charity					5,000	5,000
The National Lottery					9,736	9,736	6,900
The Momsons Foundation					18,900	18,900
The Foyle Foundation					26,500	26,500
NFU Mutual				6,379		6,379
GXO Logisbcs				7,500		7,500
Westlield Health				20,000		20,000
Matchroom Charitable Foundation				40,000		40,000
Ray ofHope				6,583		6,583
Jack Mitchell				6,213		6,213	4,907
Other donations				124,437	1,800	126,237	89,102
Other grants					37,839	37,839	34,822
Lennie Street							4,107
Tobias Wefier							72,638
Switalskis							9,117
West Riding Masonic Charities			Limited				29,280
Alex Mettham							6,202
SYCF							5,000
The Julia 8 Hans Rausing		Trust					26,160
Charities Aid Foundation		Resilience Fund					42,900
Kirkby Foundation							5,000
Volant Chariitable Trust							7,320
Screwfix							5,000
Sheflield Grammar	School						5,000
Sheffield Mutual							5,000
Arctic Monkeys							5,000
Irwin Mitchell							12,500
Jenx Ltd							10,000
John Sykes							5,000
The 29th May 1961Charitable			Fund				5,000
Total 2022				218,974	385,964	604,938	550,581
Total 2021				229,791	320,790	550,581

					2022f	2021
Deposit account interest					884	75
INCOME FROM CHARITABLE ACTIVITIES
					2022	2021
					Charitable	Total
					activities f	activities f
Children's services					1,715,490	1,281,053
Adult senrices					286,835	150,109
Adult sessional					4,825	2,215
					2,007 100	1,433,377
OTHER INCOME
					2022	2021f
CJRS grant income					9,575	33,501
RAISING FUNDS
Raising donations		and legacies
					2022f	2021f
Staff costs					134,502	134,436
Other fundraising	costs				84,981	81,377
					219,483	215,813
CHARITABLE ACTIVITIES COSTS
			Direct costs	Support costs	Total	Total
			2022	2022	2022	2021
			f	f.
Children's services			1,439,226	19,455	1,458,682	1,088,327
Adult services			229,229	2,519	231,748	215,527
Family services						20,466
Management and	administration		232,259	82,581	314,840	376,751
Smithy Wood			104103	240	104,423
			2 DD4.898	104,794	2,109,093	1 701 071
Total2021			1,579,968	121,103	1,7~01 071

Included	in support co	sts are the following governance costs:
			2022 f	2021 f
Auditors	remuneration	and payroll fees	12,074	11,068
Trustee	expenses			403
Legal and professional			420	11,820
			13,331	23,291

Net income/(expenditur	e) is stated after charging/(crediting):
		2022f	2021f
Depreciation - owned	assets	65,786	42,409
Deficit on disposal of	fixed assets		224
Auditor's remuneration	and payroll fees	12,074	11,068
Bond interest		87,605	13,943

STAFF COSTS
	2022f	2021
Wages and salaries	1,423,050	1,254,047
Social security costs Other pension costs	118,550 44,818	99,966 ~40 997
	1,585,118	1.305,010

The averag	e	monthly	n	umber ofemployees	du	ring the ye	ar was as follows:
								2022	2021
Charitable	activities							67	59
The average		headcount		expressed as full-time		equivalent	was:
								2022	2021
Charitable	activities							54	46
The average		monthly	number ofemployees		during the year was as follows:
								2022	2021

The number ofemployees whose employee bene5ts (	excluding employer pension costs) exceeded	f60,000
	2022	2021
f60,001 - f70,000	1	1
f100,000 - f110,000	1	1

			Unrestricted		Restricted	Total
			fund f.		funds f	fundsf
INCOME AND ENDOWMENTS		FRONI
Donations and legacies			229,790		320,791	550,581
Charitable activities
Charitable activities			1,433,377			1,433,377
Investment income Other income			75 ~33501			75 33 501
Total			~1696743		320 791	~2017534
EXPENDITURE ON
Raising funds			215,813			215,813
Charitable activities
Charitable activities			~1,425716		275,355	1,701,071
Total			1,641 529		275,355	1,916,884
NET INCOME Transfers between	funds		55,214 51,909	45,436 ~51,909)		100,650
Net movement in funds			107,123		(6,473)	100,650
RECONCILIATION	OF FUNDS
Total funds brought	forward		439,204		112,125	551,329
TOTAL FUNDS CARRIED FORWARD			546327	.	105,652	651 079

						Property	Property
					improvements		improvements	Fixtures,
						Smithy	Thorncliffe	fittings	Computer
						Wood f	Hallf	&equipment f	equipment f	Totals f
COST
At 1 September	2021					164,816	769,440	185,883	79,558	1,199,697
Additions Disposals							1,240,217 552)	42,564 ~33,625)	25,216 ~29611)	1,307,997 ~63.788
At 31 August 2022						164816	2,009,105	194,822	~75 163	2,443,906
DEPRECIATION
At 1 September	2021					9,809	611,607	86,952	68,541	776,909
Charge for year Eliminated on disposal						16,482	13,637	27,939 ~33,625)	7,728 ~29,611)	65,786 ~63236)
At 31 August 2022						26,291	625,244	81,266	~46658	~779459
NET BOOK VALUE
At 31 August 2022						138,525	1,383,861	113,556	28,505	1 664447
At 31 August 2021						155,007	157,833	98,931	11017	422 788
DEBTORS:AMOUNTS			FALLING			DUE WITHIN	ONE YEAR
									2022 f.	2021 f
Trade debtors									114,154	125,221
Prepayments and accrued					income				58,887	27,323
									173,041	152,544
CREDITORS: AMOUNTS				FALLING DUE WITHIN ONE YEAR
									2022	2021
									f	f
Trade creditors									75,136	51,209
Social security and other			taxes						26,806	24,509
Accruais and deferred		income							712,827	300,275
									814,769	375,993
The movements	on deferred				income were:
									2022 f	2021 f
Balance brought	forward								250,739	97,766
Income received Income released	to SOFA								299,893 250,739 ~250,739)~97,766)
Balance carried	forward								299,893	250.739

CRED	ITORS: AMOUNTS FALLING DUE AFTE	R MORE THAN ONE YEAR
		2022	2021
Bonds	payable	1,500,000	1,500,000

Minimum lease payments under non	-cancellable operating leases	fall due as foll	ows:
			2022 f	2021 f
Within one year			125,025	46,105
Between one and five years			661,853	270,448
In more than ffve years			1,592,200
			2379078	316,553
ANALYSIS OF NET ASSETSBETWEEN FUNDS
			2022	2021
	Unrestricted	Restricted	Total	Total
	fundf	funds f.	funds f	funds f
Fixed assets	1,664,447		1,664,447	422,788
Current assets	1,492,970	102,702	1,595,672	2,105,184
Current liabilities	(814,769)		(814,769)	(375,993)
Long term liabilities	~1,500,000)		~1,500,000)	~1,500,000)
	842,048	102,202	045350	651,979

disability equipment and	ba	throom aid	s for Thomcliff	e Hall along with p	e Hall along with p	rivacy scre	ens.
Comparative information	in	respect of	the preceding	period as follows
			Balance				Gains, losses	Balance
			01.09.20	Income	Expenditure		and transfers	31.08.21
			f000	EOOO		OOOO	6000	EOOO
Restricted general funds
ESFA - Free School Meals				4,412		(2,708)		1,704
ESFA - PE Sport grant			9,235	16,220		(19,653)		5,802
Summer School			2,323	15,831		(13,347)	1,800	6,607
Adult Sessional			2,792	14,448		(10,410)		6,830
School Equipment			6,518	51,280			(6,518)	51,280
Pupil Premium			13,870	22,704		(33,598)		2,976
Children In Need			6,336	27,603		(33,939)
Henry Smith			14,780			(14,780)
1EHCP Funding			1,823			(1,823)
DM Thomas Sensory equipment			(22)				22
A new home for Paces			31,505				(31,505)
Other restricted				16,375		(8,649)	(4,253)	3,473
ESFA Maintenance Grant				25,342		(25,342)
Volant Charitable Trust				7,320		(2,476)		4,844
D'Oyly Carte				4,000		(1,664)		2,336
Masonic Charitable Foundation				19,800				19,800
Charities Aid Foundation
Resilience Fund				42,899		(31,444)	(11,455)
The Julia &Hans Rausing		Trust		26,160		(26,160)
ESFAteachers pay and pension
grant National Lottery Community		Fund	22,965 112,120	26,397 (26,397) —~22.9601 320791 ~7,9)6004			~5) 909)	105652
Unrestricted Funds
Designated Funds
Designated Funds - fixed	assets		70,397			(42,409)	394,800	422,788
General Funds General Funds - all funds Total Unrestricted funds			360007 439.204	1,696743 1,696.743	~),599720)~34209)) ~1,641,529) 51,909			123539 546327.
Total funds			551,329	2017534	~),9)6004)			051 979

The charitable	The charitable	company	has	committed	to the following
						2022	2021
						f.	f
Contracted	and provided		for	in the financial statements		386,417
Contracted	but	not provided		for in the	financial statements	42 345
						428,762