2023-03-31-accounts - The Sheila Mckechnie Foundation

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			Page
Legal and	Administrative	Information
Trustees'	Report
Auditor's	report
Statement	of Financial Activities		18
Balance Sheet			19
Statement	ofCash Flows		20
Notes to the Accounts			21

Trustees		Peter Moorey (Chair)	Peter Moorey (Chair)
		Stuart Davis (Treasurer)
		Cecilie Hestbaek
		Rhea Stevens (resigned		17March 2023)
		Bushra Ahmed (resigned		23 May 2023)
		Kimberly Garande	(Vice	Chair)
		Patrick Steen
		Zainab Ali Khan
		Deborah Doane
		Richard Lane
Registered	Address	Crown Chambers
		Bridge Street
		Salisbury
		SP1 2LZ
Auditor		Fletcher 8 Partners
		Crown Chambers
		Bridge Street
		Salisbury
		SP1 2LZ
Bankers		Unity Trust Bank
		Nine Brindleyplace
		Birmingham B1 2HB

		Group Total	Group Total		Group
			2023		2022
		Unrestricted	Restricted	Total	Total
		funds	funds
		F	F
Incomin resources	Notes
Voluntary income		14,948	-	14,948	6,543
Charitable activities		303,012	174,124	477,136	403,610
Other trading activities		148,847	-	148,847	144,087
Total Incoming resources		466,807	174,124	640,931	554,241
Resources ex ended
Raising funds
Charitable activities	6, 7,8,9	367,281	166,348	533,629	413,675
Other trading activities	6	126,887	-	126,887	121,877
Total resources expended		494,169	166,348	660,516	535,552
Net movement in funds	14	(27,361)	7,776	(19,585)	18,689
Balances at 1 April 2022		56,042	24,471	80,512	61,824
Fund Transfers
Balances at 31 March 2023		28,681	32,246	60,927	80,513

				Group		Charity	Charity
			Notes	2023	2022	2023	2022
				Total	Total	Total	Total
Fixed assets
Tangible assets			10	7,308	716	6,690	716
Investment			10			1	1
				7,308	716	6,691	717
Current assets
Debtors				49,015	62,235	64,584	76,844
Cash at bank	and	in hand		179,307	79,334	124,194	44,547
				228,322	141,569	188,778	121,391
Liabilities
Creditors falling due within one year			12	(174,702)	(61,773)	(135,160)	(41,596)
Net current assets				53,619	79,796	53,618	79,795
Net assets				60,927	80,512	60,309	80,512
Representing:
Restricted Funds			14	32,246	24,470	32,246	24,470
Unrestricted	Funds		14	28,681	56,042	28,063	56,042
Total Funds				60,927	80,512	60,309	80,512

					Group	Group	Group	Group
					Period Ending		Period Ending
					31 Mar	2023	31 Mar	2022
					f		f
Cashflows from Operating	Activities
Net Cash provided by Operating Activities					108,953			(18,663)
Cashflows from Investing	Activities
Purchase of property,	plant and equipment					(8,980)
Net Cash provided by Investing Activities						(8,980)
Net Change in cash and cash equivalents		in	the period			99,973		(18,663)
Cash and cash equivalents	at the beginning		ofthe period			79,334		97,997
Cash and cash equivalents	at the end ofthe		period		179,307			79,334
Notes to Cashflow Statement
Reconciliation ofnet income to net cash flows from operating				activities
					Period Ending		Period Ending
					31Mar	2023	31Mar	2022
					f		f
Net income for the reporting period						(19,585)		18,689
Adjustments for:
Depreciation						2,388		2,838
(increase)/decrease in	debtors					13,220		(9,136)
Increase/(decrease) in	creditors				112,929			(31,055)
Net cash provided by operating activities					108,953			(18,663)
Analysis ofcash and cash	equivalents
					Period Ending		Period Ending
					31Mar	2023	31Mar	2022
					f		f
Cash in hand and at bank					179,307			79,334
Total cash and cash equivalents					179,307			79,334

Note
								Group Total					Group
2	Voluntary income							2023					2022
							Unrestricted	Restricted	Total				Total
							funds	funds
							F	F
	Donations						14,175			14,175			5,845
	Miscellaneous		Voluntary		Income		774			774			698
							14,948			14,948			6,543
3	Other Incoming Resources
								2023					2022
							Unrestricted	Restricted	Total				Total
							funds	funds
							F	F
	Grants						242,918	174,124		417,042			356,400
	Consultancy						62,763			62,763			59,184
	Events and Training						86,783			86,783			84,757
	Miscellaneous		Commercial			Income	396			396			146
	Charitable Activity			income			59,000			59,000			47,210
	Total resources						451,860	174,124		625,984			547,697
	Grants
	John Ellerman		Foundation				50,000
	Trust for London						37,500
	Corra Foundation						12,345	(deferred from 2021-2022)
	Joseph Rowntree			Charitable		Trust	59,750	(ofwhich, 9,750 deferred to 2023-24)
	Paul Hamlyn	Foundation					44,000	(ofwhich f4,000	deferred to 2023-24)
	Tudor Trust Oak Foundation						30,000 218,136	(ofwhich f32,189deferred to 2023-24)
	Barrow Cadbury						7,500	(deferred to 2023-24)
	Add Accruals	from		2023-24			11,250	(E7,500 Trust for	London, F3,750 Paul				Hamlyn
								Foundation)
								(F32,189Oak Foundation, E7,500 Barrow
	Less Deferrals		to 2023-24					Cadbury, E4,000	Paul	Hamlyn	Foundation,
							(53,439)	F9,750Joseph Rowntree Charitable				Trust)
							47, 4

		Group Total
		2022
	Unrestricted	Restricted	Total
	funds	funds
Incomin resources
Voluntary income	6,543		6,543
Charitable activities	279,110	124,500	403,610
Other trading activities	144,087		144,087
Total Incoming resources	429,741	124,500	554,241
Resources ex ended
Raising funds
Charitable activities	298,242	115,433	413,675
Other trading activities	121,877		121,877
Total resources expended	420,119	115,433	535,552
Net movement in funds	9,622	9,067	18,689
Balances at 1 April 2021	46,420	15,403	61,824
Fund Transfers
Balances at 31 March 2022	56,042	24,471	80,512

		Group Total		Group
		2023		2022
	Unrestricted	Restricted	Total	Total
	funds	funds
	f.	f.	f.	F
Staff Cost	400,999	133,697	534,696	427,607
Projects expenditure	26,871	13,189	40,059	50,893
Grants Payable	25,000		25,000
Office overheads	41,299	19,463	60,762	57,052
	494,169	166,348	660,517	535,552
	24

				Group Total	Group
Employment	costs			2023	2022
				f.	E
Wages and salaries				405,762	324,052
Social security				39,299	28,860
Pension costs				21,289	17,687
Consultancy/Professional			services	64,393	55,008
Staff Recruitment		8 Training		2,474
Staff Wellbeing				1,479	2,000
				534,696	427,607

Tangible Fixed Assets	Tangible Fixed Assets	SMK	Group
COST		F	F
B/F at 31Mar	22	11,789	11,789
Additions		8,053	8,980
C/F		19,842	20,769
~De reciation
B/F		11,073	11,073
Charge for year		2,079	2,388
C/F		13,152	13,461
NET BOOK	VALUE
B/F at 31/3/2022		716	716
C/F at 31/3/2023		6,690	7,308
Investment	in Subsidiary
B/F at 31 Mar 22
Additions
C/F

Debtors
				Group		Charity
				2023	2022	2023	2022
				Total	Total	Total	Total
				F	F		F
Trade debtors				37,635	24,190		5,410
Provision	for Doubtful		Debt		(1,690)		(1,690)
Accrued	Donation	from SM Trading				53,204	33,179
Other Accrued Income				11,250	37,000	11,250	37,210
Prepayments 8 Deposits				130	2,735	130	2,735
				49,015	62,235	64,584	76,844

		Group		Charity
		2023	2022	2023	2022
		Total	Total	Total	Total
		F	F	F	F
Trade creditors		9,252	3,696	7,254	1,601
Deferred	income	108,639	21,998	81,189	12,345
Payroll Liabilities		12,176	9,517	11,951	8,879
VAT		8,540	7,501
Other Accruals		36,095	19,061	34,765	18,771
		174,702	61,773	135,160	41,596

		Group	Total
		2023	2022
Not later than one year		222	12,675
Later than one	year and not later than five years
Later than five years
Lease payments	recognised as an expense.	13,457	30,288

Notes					Sheila McKechnie Foundation	Sheila McKechnie Foundation	Sheila McKechnie Foundation
14	Movement in funds		2022-23	At start of	Incoming	Outgoing	Fund		At end of
				the year	Resources	Resources	Transfers		the year
	Restricted funds
	Civic Space			12,750		(12,750)
	Social Change	Scotland			12,345	(12,345)
	Housing and Homelessness				116,779	(87,532)			29,247
	Power Project			11,720	45,000	(53,721)			3,000
	Total Restricted Funds			24,470	74, 24	( 66,348)			32,246
	Unrestricted funds
	Reforming Civil	Society			15,000	(4,218)	(10,782)
	Awards				59,000	(22,839)	(36,161)
	Miscellaneous	Events			103		(103)
	Core				319,640	(394,047)	74407 -		0
	Reserves			56,042			(27,361)		28,681
	Total Unrestricted		Funds	56,042	393,743	(421,104)		-	28,681
	Total Funds			80,512	567,867	(587,452)			60,927
	Movement in funds		2021-22	At start of	Incoming	Outgoing	Fund		At end of
				the year	Resources	Resources	Transfers		the year
	Restricted funds
	Civic Space				43,500	(30,750)			12,750
	Social Change	Scotland			22,500	(22,500)
	Power Project			13,403	58,500	(60,183)			11,720
	Restricted Core			2,000		(2,000)
	Total Restricted	Funds		15,403	124,500	(115,433)			24,470
	Unrestricted funds
	Reforming Civil	Society			74,000	(74,000)
	Awards				47,000	(14,833)	(32,167)
	Miscellaneous	Events			441	(441)
	Core				234,891	(257,436)	22,545
	Reserves			46,420			9,622		56,042
	Total Unrestricted Funds			46,420	356,332	346,710		-	56,042
	Total Funds			61,824	480,832	462,142			80,512

Trading						2023	2022
						E	K
Turnover						148,847	144,087
Cost ofsales and administrative	expenses					(95,025)	(96,120)
Net profit I(loss)						53,822	47,967
Gift aid donation						(53,204)	(47,967)
Retained in the subsidiary						618
The assets and liabilities ofthe	subsidiary			were
Fixed Assets						618
Current Assets						38,926	53,567
Creditors: amounts falling due within			1 year			(38,925)	(53,566)
Total net assets						619
Analysis of Net Assets between		Funds
Analysis ofnet assets between	funds - current year				Unrestricted	Restricted	Total
Tangible Fixed Assets					7,308		7,308
Fixed Asset Investments
Current Assets					172,219	56,103	228,322
Creditors due within one year					(150,846)	(23,856)	(174,702)
					28,681	32,246	60,927
Analysis ofnet assets between	funds - prior year				Unrestricted	Restricted	Total
Tangible Fixed Assets					716		716
Fixed Asset Investments
Current Assets					104,753	36,816	141,569
Creditors due within one year					(49,428)	(12,345)	(61,773)
					56,042	24,470	80,512