## **Cumbria Cerebral Palsy**
**(A company limited by guarantee)**
**Annual Report and Financial Statements**
## **31 March 2024**
**Company registration number: 05386416 Charity registration number: 1110076**
## **Cumbria Cerebral Palsy**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' report|2|
|Trustees' responsibilities in relation to the financial statements|6|
|Independent examiner's report|7|
|Statement of financial activities|8|
|Balance sheet|9|
|Notes to the financial statements|10|
## **Cumbria Cerebral Palsy**
## **Reference and Administrative Details**
|**Charity name**|Cumbria Cerebral Palsy|
|---|---|
|**Charity registration number**|1110076|
|**Company registration number**|05386416|
|**Principal office**|22 Spencer Street|
||CARLISLE|
||CA1 1BG|
|**Registered office**|22 Spencer Street|
||CARLISLE|
||CA1 1BG|
|**Trustees**|E M Thomson, Chair|
||A J Carr|
||G Wykes|
||J Harper|
||C Scott-Buccleugh|
||S Huntley|
||N Woodcock|
||S Laydon|
||S Halsall|
||A Woodman|
|**Accountant**|Dodd & Co Limited|
||FIFTEEN Rosehill|
||Montgomery Way|
||Rosehill Estate|
||CARLISLE|
||CA1 2RW|
Page 1
## **Cumbria Cerebral Palsy**
## **Trustees' Report for the Year Ended 31 March 2024**
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.
## **PURPOSE OF THE CHARITY**
The Charity’s purpose is set out in the objects contained in the Company’s Memorandum of Association that are:
_**“To promote the care and welfare of those with cerebral palsy and similar conditions, primarily, but not exclusively within Cumbria, by providing services, support and training to those individuals including, but not restricted to services relating to health care, welfare, medical treatment, education, employment, accommodation and advice”**_
## **MISSION STATEMENT**
We are a non-profit organisation supporting Cumbrian people with cerebral palsy and related disabilities by developing and sustaining services which promote independence and choice.
## **AIMS AND OBJECTIVES**
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit and this is adhered to at the charity Board Meetings.
The focus of our activities is to design and deliver person centred care planning by offering a range of flexible services for people who have access to our day care opportunities. This benefits people by developing their self-confidence as they are supported to take more control and make decisions affecting their lives. We welcome people from all backgrounds, faiths, genders, or personal circumstances and firmly believe this diversity enables everyone through the sharing of experiences, skills and aptitudes.
The people who benefit from the charity’s service are those with complex physical, learning disabilities, challenging behaviours and dementia. Referrals to the service are mostly from self-referral although we work alongside the Local Authority and Health Authority (NHS).
The services are provided at our day care centre in Lister House, Carlisle that is registered for up to 15 people each weekday, and through our out-reach Community Services.
We also have 4 charity shops in Cockermouth, Brampton. Wigton and Denton Holme that provide a vital link to those communities and increase awareness of cerebral palsy as well as raising funding for our out-reach services. The second-hand shops also provide a wide range of goods to the communities that need them, particularly important during the current cost of living crisis with associated increases in child poverty.
## **ACHIEVEMENTS AND PERFORMANCE**
As we emerged from the COVID pandemic, it was essential to re-establish links with the community as many of our clients had become isolated and fundraising had ceased. The charity was also financially challenged in 2022/23 so 2023/24 was focussed on recovery and stabilisation, and improving our internal processes and financial controls across all areas of the charity.
This included the provision of a new employee handbook, health & safety audits, and a budget control system that is understood and managed by the operational teams.
Key activities and projects for the public benefit included:
- Coffeeplay, sensory tent and lights, tuft trays and games used for these events.morning for the clients in the community we support to allow parents and children to meet. Soft
- Gardenvegetables for them to plant and look after and educate them on garden to plate and sustainability.refurbishment at our day care centre for more accessibility for the service users. Plants and
- Laptops and tablets to encourage safe use of internet and self-learning and independence.
Page 2
## **Cumbria Cerebral Palsy**
## **Trustees' Report for the Year Ended 31 March 2024**
- Fidgetwith creativity, musicality and making music.boards to help with joint and hand movements and muscle memory, music synthesiser to help
- Eyecommunicate and also used in the community with our support team.gaze equipment which has helped our day care centre users to express their feelings and
- Grantssecurity system, specialist sleep suits, and sensory equipment.secured have helped numerous clients with specific needs including a bespoke seating system,
- Provisionwheelchair for a client to be able to get about easier after losing arm strength.of a bespoke wheelchair to enable a client to continue to play basketball and an electric
- A grant for our family advisor to continue in the south of Cumbria.
- Volunteers continue to work in our shops and assist with fundraising.
- Local fundraising to improve the quality of our services.
## **FINANCIAL REVIEW**
## **Financial risk management objective and policies**
The Trustees review the major risks to which the charity is exposed. Systems and procedures are established to mitigate, where appropriate, these risks. Internal control systems are minimised by the implementation for authorisation of all transactions and projects. Procedures are in place to ensure Health and Safety compliance for all staff, volunteers and visitors to the day care centre, shops, and head office.
## **Reserves policy**
The Trustees have a policy to maintain a balance on unrestricted funds equivalent to 3 months unrestricted payments. The balance in the accounts show unrestricted funds of £342,554 in the year.
## **Principal Funding**
The day opportunities income is through people’s direct payments and the centre operates under a contract with the Local Authority. Additional Funding to improve the quality of the service comes from fundraising by application to trust funds. During the year we have secured funding from the following and wish to record our grateful thanks to:
Percy Bilton Trust
Cumbria Community Forum
Boshier Hinton Foundation
Hadfield Trust
Dunnery Trust
The Fitton Trust
Judy Dobson
E C Graham Settlement
Carlisle Citadel Welfare Club
Gilsland Village Hall
Brigham Church
Argos Carlisle
Mrs Dorothy Messenger
Judy Dobson
Page 3
## **Cumbria Cerebral Palsy**
## **Trustees' Report for the Year Ended 31 March 2024**
Southend Conservative Club
Lonsdale News
Caledonian Pub
Crown & Thistle Pub
Well Pharmacy
John Young Furnishings
## **Review of the charity’s financial position**
In 2022/23 the proportion of the charity’s income was heavily weighted towards our resource centre contracts with our shops contribution deteriorating resulting in a financial loss of (£13,428). The charity was facing financial distress, so a range of urgent actions were taken resulting in a surplus for the year of £36,486 that has now stabilised the charity although the economic environment is still very uncertain and challenges remain.
The Cockermouth shop moved to larger premises in March 2023 and overall trading in the shops has significantly improved by 26% year on year along with the introduction of computer tablets in all the shops to enable gift aid contributions to be optimised. Gift Aid secured in the year was £12,310 and Grant’s £8,750. The shops are now also diversifying sales using social media.
The day care centre attracted further clients along with contract price increases although these were lower than the National Minimum Wage increases so put further pressure on margins. We were also faced with closure of the day care centre on two occasions due to ongoing COVID and staff sickness. Despite the challenges, income increased by 24% year on year.
A radical review of all costs was undertaken and a wide range of savings achieved against a back drop of increasing rents, higher energy costs, and the National Minimum Wage that increased by a further 9.8% in addition to 9.7% in 2022/23. Our costs increased by 14.7% in the year primarily due to wages, energy costs, and professional human resource and health & safety services.
The charity cash position has improved during the year and the Trustees continue to monitor this closely to ensure the longer-term sustainability of the charity.
At the year end, unrestricted funds were £342,544 and restricted funds were £714. The charity had free reserves of £76,766 at the year end.
## **Investment policy and performance**
The Trustees having regard to the liquidity requirements of operating a day opportunity service have operated a policy of keeping funds in interest bearing deposit accounts achieving the best rate of interest. With this in mind, the charity regularly checks on the best options for its liquid reserves.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity is registered as a charitable company limited by guarantee and was incorporated by a Memorandum of Association on 9 March 2005. The Memorandum and Articles of Association comprise the governing document and establish the objects and powers of the charitable company. The company was registered as a charity on 17 June 2005.
## **Method of appointment or election of Trustees**
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
There is a maximum of 12 elected Trustees and 8 co-opted Trustees. Elected Trustees are elected or re-elected for a term of 3 years concluding at the third Annual General Meeting after their election. Any elected Trustee retiring at any Annual General Meeting may, if willing to stand, be proposed for re-election.
Co-opted Trustees shall not be required by rotation but shall cease to hold office at the expiry of their specified term of office. Any vacancy arising amongst the Trustees may be filled by resolution of the board.
Page 4
Cumbria Cerebral Palsy
Trnsts. Report for the Year Ended 31 March 2024
Policles adopted for the Inducllon and tralnlng 01The$
Prior to eleclion. potsntial Trustees comwe appkation fomi inocamg the areas of the tharivs work they
are particulady interested in a)d the skalls feel they can offer to the Board of TTUStees. A policy setting out
the procedures for the setection of TNstses is in pl. A copy of the Memoranthm and Arlicles of Association
and the latest fin1Cla statements *e thstributed to Tnjstees on appOIntiTnt
Oryanisational structure and decisi¢ rnaklF¥J
The Trustees are responsible for the ovwai mageMlt control of the organisalton and meet up six times
during the year. Extra rneetngs ¥e arged as when rewired. The daty management of the charty is
delegated by the Bo¥d of Trusteesto the Ct#ef O[rer who reports to 1he Tntstees.
Rlsk management
The Trustees have assessed 1he maBir risbs to whith 1he chaity is exposed. in particular those related to the
operat'ons and finances of the ch* ad are sabsfied that systems and procedures are in place to mrfigate our
exposure to the major risks. PrclureS ¥e in pl&e to ensure Compliar in patticular with the Health & Safety
of staff, volunteers. dients and visitors to the day care centre and head office Nvhich he been extemaly audited
and approved by the ch8riiYs Insur CoMpy.
The principal risk facing the thtty is securing ffiCient iTicome Inease$ to match and exceed the ongoing
wage, ren( and energy co* in(xe*es th* wiu enaye the chwity to widen 115 services to fijrlher people and
unmetneeds.
Small company provisl(#)s
This report has been prepared in arurdance TAryth the sm41 cowwnies regime under the Companies Act 2006.
Approved by the B0d on 23 July 2024 and SIGed on its behalf by..
E M Thom50n
Trustee
Page 5
## **Cumbria Cerebral Palsy**
## **Trustees' Responsibilities in relation to the Financial Statements**
The trustees (who are also directors of Cumbria Cerebral Palsy for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and the Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- 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 departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 6
## **Independent Examiner's Report to the Trustees of**
## **Cumbria Cerebral Palsy**
I report on the accounts of the company for the year ended 31 March 2024, which are set out on pages 8 to 19.
## **Respective responsibilities of trustees and examiner**
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants in England and Wales.
Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 386 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ......................................... FIFTEEN Rosehill : Martin Borradaile ACA Montgomery Way Dodd & Co Limited Rosehill Estate Chartered Accountants CARLISLE
FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA1 2RW
23 July 2024
Page 7
## **Cumbria Cerebral Palsy**
## **Statement of Financial Activities (including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) for the Year Ended 31 March 2024**
|**Note**
**Income and endowments from:**
Donations and legacies
2
Other trading activities
3
Investments
4
Charitable activities
5
Total income and endowments
**Expenditure on:**
Fundraising funds
Charitable activities
Total expenditure
Net income/(expenditure) before transfers
**Transfers**
Transfers between funds
Net income/(expenditure) before other
recognised gains and losses
**Other recognised gains/losses**
Net movements in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**Funds**
**£**
19,378
234,002
9,473
227,854|**Restricted**
**Funds**
**£**
8,750
-
-
-|**Total Funds**
**2024**
**£**
28,128
234,002
9,473
227,854|**Total Funds**
**2023**
**£**
15,411
186,851
9,397
183,050|
|---|---|---|---|---|
||490,707|8,750|499,457|394,709|
||185,016
269,919|-
8,036|185,016
277,955|157,565
250,572|
||454,935|8,036|462,971|408,137|
||35,772
-|714
-|36,486
-|(13,428)
-|
||35,772
35,772
306,782|714
714
-|36,486
36,486
306,782|(13,428)
(13,428)
320,210|
||342,554|714|343,268|306,782|
All of the Charity's activities derive from continuing operations during the above periods.
The notes on pages 10 to 19 form an integral part of these financial statements.
Page 8
Cwnbiia Cerebral Palsy
C(xnp•y rpgi51ration number. 05386416
Balance Sheet as at 31 March 2024
2024
2023
as restated
Flxed assets
Tangible assets
11
265.788
261.347
Current assets
Debtors
Cash at bank and in hand
12
27,218
16,098
37.151
53,249
Credltors: Amounts laulng due *thin
one year
13
{16.124)
(7,8141
Net current assets
77.480
45.435
Net assets
343.268
306,782
The fvnds of the charfty.
Restrlcted fvnds
714
Unrestrlcted lund5
Unrestricted income fijnds
342,554
306,782
Total charity funds
343.268
306,782
For the finanaal ye¥ ended 31 Mch 2(r24, the ¢h*ity was entiyed to exeThplion from autht under section 477 of
the Companies Act 2006.
The members have not re(wired the chaity kn oblawi an auth of ils nts for the year in questFon in
accordance sectton 476 of the Act
The directors &knowiedge their rewnsibffilies for co1ng knilh the requirements of the Act with re¥>ect to
accounting records and the prep*ton irf accourts.
These accounts harfe been wepared in aCcOrdae wrlh the proThns applicabEe to Companies subject to the
small companies regme.
Approved by the Bowd on 23 July 21r24 and Si&ed on its behalf by.
E M Thomson
Trustee
The notes on pages 10 to 19 forni an integra wt of these financtal statements.
Page 9
## **Cumbria Cerebral Palsy**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **1 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
These financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
## **Fund accounting policy**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Further details of each fund are disclosed in note 17.
Page 10
## **Cumbria Cerebral Palsy**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## _......... continued_
## **Income and endowments**
Donations are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the Charity before the Charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that these conditions will be fulfilled in the reporting period.
Legacy gifts are recognised on a case by case basis following the grant of probate when the administor/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measured with a degree of reasonable accuracy and the title to the asset having been transferred to the Charity.
Income from Government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate.
Income derived from events is recognised as earned (that is, as the related goods or services are provided).
Investment income is recognised on a receivable basis.
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.
## **Expenditure**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds are the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Irrecoverable VAT**
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
## **Taxation**
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Fixed assets**
Individual fixed assets costing £300 or more are initially recorded at cost.
Page 11
## **Cumbria Cerebral Palsy**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
_......... continued_
## **Depreciation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Freehold property Not depreciated Plant and machinery 15% and 20% straight line basis Fixtures and fittings 5% straight line basis Computer equipment 20% straight line basis
## **Goodwill**
Goodwill is the difference between the fair value of consideration paid for an acquired entity and the aggregate of the fair value of that entity’s identifiable assets and liabilities.
## **Trade Debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and Cash Equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Liabilities**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **Operating leases**
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged in the Statement of Financial Activities on a straight line basis over the lease term.
## **Pensions**
The charity operates a defined contribution pension scheme. Contributions are charged in the statement of financial activities as they become payable in accordance with the rules of the scheme.
The company operates a defined benefit pension scheme.
Page 12
## **Cumbria Cerebral Palsy**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
_......... continued_
## **Financial instruments**
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Charity after deducting all of its liabilities.
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the Charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the Charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the Charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
## **Prior period restatement**
Adjustments were made to the comparative figures resulting in the reduction of restricted reserves by £152,929 and the increase of unrestricted reserves brought forward of the same value. The adjustment was required as a result of the Trustees identifying services provided through their day centre were in fact unrestricted in nature, rather than being a restricted fund.
A related adjustment was made to the comparative period in relation to the allocation of day centre services income and corresponding expenditure. As contract for services, the income and corresponding expenditure should have been included as unrestricted in the prior period and this has been restated to reflect this. There is no impact to the overall SOFA figures.
A further adjustment was made to the comparative figures resulting in an increase in unrestricted general funds brought forward of £203,999. The adjustment was required as a result of the Trustees agreeing to remove the pension asset in order to show a truer and fairer view. The adjustment to remove the pension asset resulted in a £2,000 reduction in unrecticted expenditure and the removal of the actuarial gain of £305,000 from the SOFA.
Page 13
## **Cumbria Cerebral Palsy**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
_......... continued_
## **2 Donations and legacies**
|**Donations and legacies**
Appeals and donations
Gift Aid tax reclaimed
**Grants**
Grants - non-government|**Unrestricted**
**Funds**
**£**
7,068
12,310|**Restricted**
**Funds**
**£**
-
-|**Total Funds**
**2024**
**£**
7,068
12,310|**Total Funds**
**2023**
**£**
8,601
4,480|
|---|---|---|---|---|
||19,378
-|-
8,750|19,378
8,750|13,081
2,330|
||19,378|8,750|28,128|15,411|
Of the donations and legacies income in 2023, £13,081 related to unrestricted funds and £2,330 related to restricted funds.
## **3 Other trading activities**
|Fund raising
Shop income
Other income|**Unrestricted**
**Funds**
**£**
2,182
230,523
1,297|**Restricted**
**Funds**
**£**
-
-
-|**Total Funds**
**2024**
**£**
2,182
230,523
1,297|**Total Funds**
**2023**
**£**
3,291
182,275
1,285|
|---|---|---|---|---|
||234,002|-|234,002|186,851|
All of the other trading activites income in 2023 related to unrestricted funds.
## **4 Investments**
|Rental income
Other income
Interest on cash deposits|**Unrestricted**
**Funds**
**£**
9,440
-
33|**Restricted**
**Funds**
**£**
-
-
-|**Total Funds**
**2024**
**£**
9,440
-
33|**Total Funds**
**2023**
**£**
7,950
1,447
-|
|---|---|---|---|---|
||9,473|-|9,473|9,397|
All of the donations and legacies income in 2023 related to unrestricted funds.
Page 14
## **Cumbria Cerebral Palsy**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
_......... continued_
## **5 Charitable activities**
|Day centre|**Unrestricted**
**Funds**
**£**
227,854|**Restricted**
**Funds**
**£**
-|**Total Funds**
**2024**
**£**
227,854|**Total Funds**
**2023**
**£**
183,050|
|---|---|---|---|---|
All of the income from charitable activities in 2023 related to unrestricted funds.
## **6 Expenditure**
|**Direct costs**
Shop expenditure
Fundraising costs
Shop wages and salaries
Shop staff pensions
Direct centre expenses
Employment costs
**Support costs**
Premises expenses
Insurance
Repairs and maintenance
Office expenses
Sundry expenses
Accountancy fees
Independent examiner's fee
Legal and professional fees
Bad debts written off
Depreciation|**Raising**
**funds**
**£**
71,929
1,396
109,838
1,853
-
-
185,016
-
-
-
-
-
-
-
-
-
-
-
185,016|**Charitable**
**activities**
**£**
-
-
-
-
10,375
206,913
217,288
9,033
4,420
13,232
6,206
4,079
7,421
600
11,758
332
3,586
60,667
277,955|**Total**
**2024**
**£**
71,929
1,396
109,838
1,853
10,375
206,913|**Total**
**2023**
**£**
54,516
653
101,161
1,235
14,232
188,166|
|---|---|---|---|---|
||||402,304|359,963|
||||9,033
4,420
13,232
6,206
4,079
7,421
600
11,758
332
3,586|6,073
4,128
14,358
6,893
5,802
6,561
1,000
853
-
2,506|
||||60,667|48,174|
||||462,971|408,137|
Of the expenditure in 2023, £405,807 related to unrestricted funds and £2,230 related to restricted funds.
Page 15
## **Cumbria Cerebral Palsy**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
_......... continued_
## **7 Governance costs**
|Accountancy fees
Independent examiner's fee
Legal and professional fees|**2024**
**£**
7,421
600
11,758|**2023**
**£**
6,561
1,000
853|
|---|---|---|
||19,779|8,414|
## **8 Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits, or were reimbursed for expenses incurred (2023 - £nil).
During the year 3 Trustees made donations to the charity totalling £264 (2023 - £264).
## **9 Net income/(expenditure)**
Net income/(expenditure) is stated after charging:
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Depreciation of tangible fixed assets|3,586|2,506|
|Accountancy fees|7,421|6,561|
|Independent examiner's fee|600|1,000|
## **10 Employees' remuneration**
The aggregate payroll costs of these persons were as follows:
|Wages and salaries
Other pension costs|**2024**
**£**
314,188
4,416
318,604|**2023**
**£**
284,098
6,464|
|---|---|---|
|||290,562|
No employee received emoluments of more than £60,000 during the year.
The key management personnel comprise the Trustees. The total employee benefits of the key management personnel of the Charity were £nil (2023 - £nil).
Page 16
## **Cumbria Cerebral Palsy**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
_......... continued_
## **11 Tangible fixed assets**
|**Cost**
As at 1 April 2023
Additions
As at 31 March 2024
**Depreciation**
As at 1 April 2023
Charge for the year
As at 31 March 2024
**Net book value**
As at 31 March 2024
As at 31 March 2023|**Freehold**
**property**
**£**
245,000
-
245,000
-
-
-
245,000
245,000|**Plant and**
**equipment**
**£**
1,755
-
1,755
1,585
53
1,638
117
170|**Fixtures,**
**fittings and**
**equipment**
**£**
37,353
8,027
45,380
21,176
3,533
24,709
20,671
16,177|**Total**
**£**
284,108
8,027|
|---|---|---|---|---|
|||||292,135|
|||||22,761
3,586|
|||||26,347|
|||||265,788|
|||||261,347|
## **12 Debtors**
|Trade debtors
Other debtors
Prepayments and accrued income|**2024**
**£**
5,856
5,642
15,720
27,218|**2023**
**£**
4,902
3,345
7,851|
|---|---|---|
|||16,098|
## **13 Creditors: Amounts falling due within one year**
|Trade creditors
Taxation and social security
Other creditors
Accruals and deferred income|**2024**
**£**
6,168
4,554
1,757
3,645
16,124|**2023**
**£**
2,751
2,552
736
1,775|
|---|---|---|
|||7,814|
Page 17
## **Cumbria Cerebral Palsy**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
_......... continued_
## **14 Members' liability**
The charity is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
## **15 Pension scheme**
## **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the charity to the scheme and amounted to £4,217 (2023 - £6,464).
Contributions totalling £1,757 (2023 - £736) were payable to the scheme at the end of the period and are included in creditors.
## **Defined benefit pension scheme**
The charity also contributed into the Cumbria Local Government Pension Scheme, in a multi-employer defined benefit scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The employers contributions are affected by a surplus or deficit in the scheme.
The Local Government Pension Scheme (LGPS) is a statutory scheme established by an Act of Parliament and governed by the Public Services Pensions Act 2013. The scheme is administered in accordance with applicable secondary legislation. Individual funds are managed by designated authorities at a local level.
## **16 Related parties**
## **Controlling entity**
The charity is controlled by the trustees who are all directors of the company.
## **17 Analysis of funds**
|**General Funds**
General fund
**Restricted Funds**
Restricted fund|**As restated**
**At 1 April**
**2023**
**£**
306,782
-
306,782|**Incoming**
**resources**
**£**
490,707
8,750
499,457|**Resources**
**expended**
**£**
(454,935)
(8,036)
(462,971)|**At 31 March**
**2024**
**£**
342,554
714|
|---|---|---|---|---|
|||||343,268|
Page 18
## **Cumbria Cerebral Palsy**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
_......... continued_
## **Prior period - As restated**
|**General Funds**
General Funds
**Restricted Funds**
Restricted funds|**At 1 April**
**2022**
**£**
320,210
-
320,210|**Incoming**
**resources**
**£**
392,379
2,330
394,709|**Resources**
**expended**
**£**
(405,807)|**At 31 March**
**2023**
**£**
306,782
-
306,782|
|---|---|---|---|---|
||||(2,330)||
||||(408,137)||
## **18 Net assets by fund**
|Intangible assets
Tangible assets
Current assets
Creditors: Amounts falling due
within one year
Pension liabilities
Net assets
**Prior period - As restated**
Tangible assets
Current assets
Creditors: Amounts falling due
within one year
Net assets||**Unrestricted**
**Funds**
**£**
-
265,788
92,890
(16,124)
-
342,554
**Unrestricted**
**Funds**
**£**
261,347
53,249
(7,814)
306,782||**Restricted**
**Funds**
**£**
-
-
714
-
-
714
**Restricted**
**Funds**
**£**
-
-
-
-||**Total Funds**
**2024**
**£**
-
265,788
93,604
(16,124)
-
343,268
**Total Funds**
**2023**
**£**
261,347
53,249
(7,814)
306,782||**Total Funds**
**2023**
**£**
-
261,347
53,249
(7,814)
-
306,782
**Total Funds**
**2022**
**£**
260,502
75,332
(15,624)|
|---|---|---|---|---|---|---|---|---|
||||||||||
||||||||||
|||||||||320,210|
Page 19