REGISTERED COMPANY NUMBER: 05407738 REGISTERED CHARITY NUMBER: 1112581
Report of the Trustees and
Financial Statements for the Year Ended 31st March 2023
for
Scope West Sussex
Sheen Stickland Chartered Accountants
7 East Pallant Chichester West Sussex PO19 1TR
Scope West Sussex
Contents of the Financial Statements for the Year Ended 31st March 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 to 8 |
| Notes to the Financial Statements | 9 to 18 |
| Detailed Statement of Financial Activities | 19 to 20 |
Scope West Sussex (Registered number: 05407738)
Report of the Trustees for the Year Ended 31st March 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
i) The Company is established for charitable objects only.
ii) The Company is established,
a) To provide, cause to be provided or assist in providing support for people with Cerebral Palsy and related disabilities, their families and carers, in accordance with the declared aims and objectives.
b) In particular to provide facilities for training in skills, leading, if possible, to employment and independent living.
Public benefit
The trustees have considered the Charity Commission guidance on public benefit and consider that the objectives and activities of Scope West Sussex provide the following benefits: -
The services of Scope West Sussex are available to any individual within West Sussex who has Cerebral Palsy or a related disability and their families and carers regardless of income, age, race or religion.
The primary activity of the charity is a day centre for young disabled adults, which is freely available to all those who choose to become members.
Significant activities
The primary activity of the charity is a day centre for young disabled adults, supported by Social Services. It also organises fund raising events to support the work of the charity.
Page 1
Scope West Sussex (Registered number: 05407738)
Report of the Trustees for the Year Ended 31st March 2023
ACHIEVEMENT AND PERFORMANCE
Chairman's report
A steady return to normal service
Under the leadership of manager, Clare Goff and deputy Stuart Napper the centre is operating at near capacity with a waiting list of prospective new members. To emerge from the Covid years in such good order is a great achievement and a tribute to our dedicated and professional staff and to the loyalty of our members, their carers and families. We are delighted that our 4 minibuses, specially converted for our seriously disabled members, are again in use for many and varied outings.
All staff received a pay rise in April last year and this year we ensured that salaries were compatible with increased national levels. A welcome to several new staff appointed during the year.
The proposed new flooring has not yet been fitted owing to remaining Covid restrictions. The money has been raised and the improvements will take place soon. We are grateful to the National Lottery and Sussex Community fund for their continued support.
The charity shops have struggled to become profitable after COVID and whilst we have tried to implement ways to turn this around, it has not been possible. Through crisis talks the trustees determined that it would not be in the charity's best interests to continue trading and therefore our two charity shops operated under The Point Trading Chichester Limited, have had to cease trading from 4 July 2023. We would like to thank the staff and customers for their support in relation to this.
I am grateful to our trustees who continue to actively support the charity.
I resigned as chair in January for reasons of health and age and thank the trustees and everyone at the centre for their support. The new chair is Karen Jones who is a parent of a disabled member. I wish her well in the post.
The charity was founded in the mid-sixties, occupying the present building in 1972. In this century it has improved beyond measure the lives and understanding of severely disabled adults in every conceivable way. It remains a measure for the very few similar charities nationwide.
Douglas Hayler. Chairman Up to January 2023 Karen Jones. Chair January 2023 to date
FINANCIAL REVIEW
Financial position
Total income from the year amounted to £325,302, of which £nil was restricted.
Total expenditure amounted to £323,536, of which £nil was restricted.
At 31 March 2023 the charitable company made a total surplus of £1,165, bringing total funds of the charity to £492,302. Of this, £458,907 is unrestricted and £33,395 is restricted.
Investment policy and objectives
The charity, acting through the board of trustees, can borrow and raise money for the purpose of the charity.
Reserves policy
The trustees have designated a reserve of £90,163 which is held in the centre reserve fund. These monies are held to cover any unexpected revenue shortfall from the centre or to cover any unexpected expenditure incurred.
The level of reserves are reviewed annually and are set to ensure that they cover at least three months of expenditure.
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Scope West Sussex (Registered number: 05407738)
Report of the Trustees for the Year Ended 31st March 2023
FUTURE PLANS
The trustees plan to continue to improve the work of the Centre and to work closely with all parties to decide on the nature of the next special project.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Scope West Sussex is a company, limited by guarantee, as defined by the Companies Act 2006. It is governed by its Memorandum and Articles of Association and was incorporated on 30th March 2005. It is a charity registered with the Charity Commission.
Recruitment and appointment of new trustees
All members of the charity and any other person who is willing to become a trustee of the charity is eligible for election to the board of trustees. No paid employee of the charity is eligible for election to membership of the board of trustees. The members of the board of trustees are elected at the Annual General Meeting.
All members of the board shall hold office for three years. One third shall automatically retire at the end of each year, but those members shall be eligible for re-election. The board of trustees hold meetings on a bi-monthly basis or as required.
The trustees of the charity are also directors of the limited company.
Organisational structure
The headquarters of the charity is situated at The Point, Little Breach in Chichester. The day to day running of the centre is undertaken by the centre management committee. This is a standing committee appointed by the trustees.
Induction and training of new trustees
New trustees are introduced to the board and briefed as necessary in all aspects of the charity's objects and policies. Trustees are encouraged to seek training, as appropriate, and also to observe and follow the requirements and guidelines set down by the Charity Commission and Companies House.
Risk management
Risks are determined and discussed by the trustees at their meetings.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
05407738 (Not specified/Other)
Registered Charity number
1112581
Registered office
The Sunray Building Little Breach Chichester West Sussex PO19 5UA
Page 3
Scope West Sussex (Registered number: 05407738)
Report of the Trustees for the Year Ended 31st March 2023
Trustees
Karen Jones Chair from January 2023 Douglas Hayler Chairman to January 2023 Nathan Burrows Richard Burrows Vicky Barkes Jane Feild Irene Hayler
Independent Examiner A C Kensett FMAAT FCCA Sheen Stickland Chartered Accountants 7 East Pallant Chichester West Sussex PO19 1TR Centre Manager Clare Goff
Bankers Lloyds TSB Bank plc 10 East Street Chichester PO19 1HJ Website address www.scope-west-sussex.org.uk
Alternative name The Point Day Centre
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 25[th] September 2023 and signed on its behalf by:
Karen Jones - Trustee
Page 4
Independent Examiner's Report to the Trustees of Scope West Sussex
Independent examiner's report to the trustees of Scope West Sussex ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
P E H Wright FCA DChA
Sheen Stickland Chartered Accountants 7 East Pallant Chichester West Sussex PO19 1TR
Date: 25[th] September 2023
Page 5
Scope West Sussex
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31st March 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 2,508 Charitable activities 4 SCOPE West Sussex Centre 254,766 Special Care 68,027 Investment income 3 1 Other income - Total 325,302 EXPENDITURE ON Charitable activities 5 SCOPE West Sussex Centre 323,536 Net gains/(losses) on investments (601) NET INCOME 1,165 RECONCILIATION OF FUNDS Total funds brought forward 457,742 TOTAL FUNDS CARRIED FORWARD 458,907 |
Restricted funds £ - - - - - - - - - 33,395 33,395 |
2023 Total funds £ 2,508 254,766 68,027 1 - 325,302 323,536 (601) 1,165 491,137 492,302 |
2022 Total funds £ 17,429 203,945 61,505 387 8,500 291,766 240,924 3,112 53,954 437,183 491,137 |
|---|---|---|---|
The notes form part of these financial statements
Page 6
Scope West Sussex (Registered number: 05407738)
Balance Sheet 31st March 2023
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 10 48,913 Investments 11 29,541 78,454 CURRENT ASSETS Debtors 12 37,384 Cash at bank and in hand 366,660 404,044 CREDITORS Amounts falling due within one year 13 (23,591) NET CURRENT ASSETS 380,453 TOTAL ASSETS LESS CURRENT LIABILITIES 458,907 NET ASSETS 458,907 FUNDS 14 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - - - 33,395 33,395 - 33,395 33,395 33,395 |
2023 Total funds £ 48,913 29,541 78,454 37,384 400,055 437,439 (23,591) 413,848 492,302 492,302 458,907 33,395 492,302 |
2022 Total funds £ 60,147 30,142 90,289 122,085 285,343 407,428 (6,580) 400,848 491,137 491,137 457,742 33,395 491,137 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 7
Scope West Sussex (Registered number: 05407738)
Balance Sheet - continued 31st March 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25[th] September 2023 and were signed on its behalf by:
Karen Jones - Trustee
The notes form part of these financial statements
Page 8
Scope West Sussex
Notes to the Financial Statements for the Year Ended 31st March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Preparation of consolidated financial statements
The financial statements contain information about Scope West Sussex as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Governance costs
Governance costs include the costs of governance arrangements which relate to the general running of the charity.
Allocation and apportionment of costs
Support expenditure which does not directly relate to the objects of the charity is analysed between charitable expenditure across each charitable activity. Items which involve more than one cost category are apportioned as appropriate to the cost categories involved.
Expenses relating to restricted funds are shown separately.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - not provided Improvements to property - 20% on cost and 10% on cost Fixtures and fittings - 20% on cost Motor vehicles - 20% on cost Computer equipment - 33% on cost Assets with an initial cost greater than £1,000 are capitalised.
continued...
Page 9
Scope West Sussex
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
1. ACCOUNTING POLICIES - continued
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for a particular purpose. The cost of raising and administering such funds are charged against the specific fund. The aim of each restricted fund is set out in the notes to the accounts.
Unrestricted designated funds are funds which the trustees have designated for specific projects. The aim and use of each fund is set out in the notes to the accounts. General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Where the trustees have determined to transfer money between funds, the transfer is treated as an adjustment to the balances and not as incoming or outgoing resources.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
| Donations and legacies Grants 3. INVESTMENT INCOME Deposit account interest Other income receivable |
2023 £ 2,508 - 2,508 2023 £ 1 - 1 |
2022 £ 929 16,500 17,429 2022 £ - 387 387 |
|---|---|---|
continued...
Page 10
Scope West Sussex
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
4. INCOME FROM CHARITABLE ACTIVITIES
| INCOME FROM CHARITABLE ACTIVITIES | ||
|---|---|---|
| Activity Attendance fees SCOPE West Sussex Centre Special care income Special Care |
2023 £ 254,766 68,027 322,793 |
2022 £ 203,945 61,505 |
| 265,450 |
5. CHARITABLE ACTIVITIES COSTS
| SCOPE West Sussex Centre 6. SUPPORT COSTS SCOPE West Sussex Centre |
Direct Costs £ 321,496 |
Support costs (see note 6) Totals £ £ 2,040 323,536 Governance costs £ 2,040 |
|---|---|---|
7. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Independent Examination fees Depreciation - owned assets Surplus on disposal of fixed assets |
2023 £ 2,040 11,800 - |
2022 £ 2,880 25,279 (8,500) |
|---|---|---|
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022.
continued...
Page 11
Scope West Sussex
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
9. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Average number of employees No employees received emoluments in excess of £60,000. |
2023 £ 174,072 7,757 2,859 184,688 2023 13 |
2022 £ 154,847 2,641 1,945 |
||
|---|---|---|---|---|
| 159,433 | ||||
| 2022 14 |
10. TANGIBLE FIXED ASSETS
| COST At 1st April 2022 Additions Disposals At 31st March 2023 DEPRECIATION At 1st April 2022 Charge for year Eliminated on disposal At 31st March 2023 NET BOOK VALUE At 31st March 2023 At 31st March 2022 |
Improvements Long to leasehold property £ £ 10,756 141,459 - - - - 10,756 141,459 - 116,427 - 3,553 - - - 119,980 10,756 21,479 10,756 25,032 |
Fixtures and fittings £ 79,205 354 (49,845) 29,714 75,209 1,458 (49,845) 26,822 2,892 3,996 |
|---|---|---|
continued...
Page 12
Scope West Sussex
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
| 10. TANGIBLE FIXED ASSETS - continued Motor Computer vehicles equipment £ £ COST At 1st April 2022 127,839 15,443 Additions - 212 Disposals - (2,919) At 31st March 2023 127,839 12,736 DEPRECIATION At 1st April 2022 107,476 15,443 Charge for year 6,789 - Eliminated on disposal - (2,919) At 31st March 2023 114,265 12,524 NET BOOK VALUE At 31st March 2023 13,574 212 At 31st March 2022 20,363 - 11. FIXED ASSET INVESTMENTS Shares in group Listed undertakings investments £ £ MARKET VALUE At 1st April 2022 100 30,042 Revaluations - (601) At 31st March 2023 100 29,441 NET BOOK VALUE At 31st March 2023 100 29,441 At 31st March 2022 100 30,042 |
Totals £ 374,702 566 (52,764) 322,504 314,555 11,800 (52,764) 273,591 48,913 60,147 Totals £ 30,142 (601) 29,541 29,541 30,142 |
|
|---|---|---|
There were no investment assets outside the UK.
continued...
Page 13
Scope West Sussex
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
11. FIXED ASSET INVESTMENTS - continued
Cost or valuation at 31st March 2023 is represented by:
| Shares in group Listed undertakings investments £ £ Valuation in 2018 - (604) Valuation in 2019 - 2,295 Valuation in 2020 - 49 Valuation in 2021 - 5,191 Valuation in 2022 - 3,111 Valuation in 2023 - (601) Cost 100 20,000 100 29,441 |
Totals £ (604) 2,295 49 5,191 3,111 (601) 20,100 29,541 |
|---|---|
The company's investments at the balance sheet date in the share capital of companies include the following:
The Point Chichester Trading Limited
| Registered office: Nature of business: Charity shop % Class of share: holding Ordinary £1 100 Aggregate capital and reserves Loss for the year 12. DEBTORS Amounts falling due within one year: Trade debtors Amounts owed by group undertakings Other debtors Prepayments and accrued income Amounts falling due after more than one year: Amounts owed by group undertakings Aggregate amounts |
2023 31.3.22 £ £ - (52,558) - (2,268) 2023 2022 £ £ 17,275 57,671 - 55,101 1,510 - 18,599 6,413 37,384 119,185 - 2,900 37,384 122,085 |
|---|---|
continued...
Page 14
Scope West Sussex
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Payments on account Trade creditors Social security and other taxes Other creditors Accruals and deferred income MOVEMENT IN FUNDS Unrestricted funds General fund Centre amenity fund Transport fund Centre reserve fund Project fund Centre fund Restricted funds Fundraising Projects fund TOTAL FUNDS |
At 1.4.22 £ 1,084 55,889 - 90,764 9,455 300,550 457,742 33,395 491,137 |
Net movement in funds £ - (3,442) (6,792) (601) - 12,000 1,165 - 1,165 |
2023 £ 1,675 1,936 6,577 10,674 2,729 23,591 Transfers between funds £ (1,084) (52,447) 6,792 - (9,455) 56,194 - - - |
2022 £ 1,660 - - 424 4,496 6,580 At 31.3.23 £ - - - 90,163 - 368,744 458,907 33,395 492,302 |
|---|---|---|---|---|
14. MOVEMENT IN FUNDS
Net movement in funds, included in the above are as follows:
| Unrestricted funds Centre amenity fund Transport fund Centre reserve fund Centre fund TOTAL FUNDS |
Incoming resources £ 2,510 - - 322,792 325,302 325,302 |
Resources expended £ (5,952) (6,792) - (310,792) (323,536) (323,536) |
Gains and Movement losses in funds £ £ - (3,442) - (6,792) (601) (601) - 12,000 (601) 1,165 (601) 1,165 |
|---|---|---|---|
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continued...
Scope West Sussex
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Centre amenity fund Transport fund Centre reserve fund Project fund Centre fund Restricted funds Fundraising Projects fund TOTAL FUNDS |
At 1.4.21 £ 1,084 61,373 - 87,652 9,455 260,233 419,797 17,386 437,183 |
Net movement in funds £ - (5,484) (11,321) 3,112 - 51,638 37,945 16,009 53,954 |
Transfers between funds £ - - 11,321 - - (11,321) - - - |
At 31.3.22 £ 1,084 55,889 - 90,764 9,455 300,550 457,742 33,395 491,137 |
|---|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds Centre amenity fund Transport fund Centre reserve fund Centre fund Restricted funds Fundraising Projects fund TOTAL FUNDS |
Incoming resources £ 927 8,500 - 265,839 275,266 16,500 291,766 |
Resources expended £ (6,411) (19,821) - (214,201) (240,433) (491) (240,924) |
Gains and Movement losses in funds £ £ - (5,484) - (11,321) 3,112 3,112 - 51,638 3,112 37,945 - 16,009 3,112 53,954 |
|---|---|---|---|
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continued...
Scope West Sussex
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
14. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Centre amenity fund Transport fund Centre reserve fund Project fund Centre fund Restricted funds Fundraising Projects fund TOTAL FUNDS |
At 1.4.21 £ 1,084 61,373 - 87,652 9,455 260,233 419,797 17,386 437,183 |
Net movement in funds £ - (8,926) (18,113) 2,511 - 63,638 39,110 16,009 55,119 |
Transfers between funds £ (1,084) (52,447) 18,113 - (9,455) 44,873 - - - |
At 31.3.23 £ - - - 90,163 - 368,744 458,907 33,395 492,302 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds Centre amenity fund Transport fund Centre reserve fund Centre fund Restricted funds Fundraising Projects fund TOTAL FUNDS |
Incoming resources £ 3,437 8,500 - 588,631 600,568 16,500 617,068 |
Resources expended £ (12,363) (26,613) - (524,993) (563,969) (491) (564,460) |
Gains and Movement losses in funds £ £ - (8,926) - (18,113) 2,511 2,511 - 63,638 2,511 39,110 - 16,009 2,511 55,119 |
|---|---|---|---|
Unrestricted funds
Designated funds:
Centre amenity fund - this fund is to meet the cost of additional equipment and amenities for members. The resources come from fundraising and donations generated by the charity.
Transport fund - this represents the vehicles held by the charity, and the costs and depreciation associated with the running of the vehicles, together with funds designated by the trustees, towards replacement vehicles.
Centre reserve fund - this is an allocation to cover any unexpected revenue shortfall for the Centre.
Project fund - this fund is resources from legacies and is to be used for specific projects as agreed upon by the trustees. This money will not be used for the day to day running of the Centre.
continued...
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Scope West Sussex
Notes to the Financial Statements - continued for the Year Ended 31st March 2023
14. MOVEMENT IN FUNDS - continued
Centre fund - this fund is for members attendance fees and meets most of the day to day running costs of the Charity.
General funds:
General fund - all income not designated for purposes associated with the Centre is received into the general fund.
Restricted Funds:
Fundraising Projects Fund - This fund is income from fundraising that is specifically used for buying specialised equipment and assets for the centre.
Transfers between funds
A transfer of £6,792 has been made from the Centre fund to the Transport fund to return its balance to zero as no funds are required to purchase further vehicles at this stage.
A transfer of £1,084 has been made from the General fund to the Centre fund to correct an overstatement of funds in prior years.
A transfer of £52,447 has been made from the Centre amenity fund to the Centre fund to correct an overstatement of funds in prior years.
A transfer of £9,455 has been made from the Project fund to the Centre fund to correct an overstatement of funds in prior years.
15. EMPLOYEE BENEFIT OBLIGATIONS
The charitable company operates a defined contribution scheme. Contributions payable in the year amounted to £2,859 (2022: £1,945) and contributions of £667 were outstanding at the year end (2022: £424).
16.
RELATED PARTY DISCLOSURES
The Charity's trading subsidiary, The Point Chichester Ltd, received a loan of £10,500 from Scope West Sussex. This loan was to be fully repaid by 2023 and interest will be payable at a rate of 2.5% per annum. The interest payments are due annually in November. The balance on the loan as at 31 March 2023 was nil (2022: £2,605).
During the year ended 31 March 2018, The Point Chichester Ltd, also received a loan of £15,000 from Scope West Sussex to cover the costs of the Rose Green Shop. This loan was to be fully repaid by 2023 and interest will be payable at a rate of 2.5% per annum. The interest payments are due annually. The balance on the loan as at 31 March 2023 was nil (2022: £13,246)
At 31 March 2019 the trustees agreed to defer repayment of both loans and therefore no loan repayments have been made since this agreement.
As of 4 July 2023, The Point Trading Chichester Ltd stopped trading due to insolvency and the intercompany loans became irrecoverable, the balance at 31 March 2023 is therefore nil (2022: £58,001).
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Scope West Sussex
Detailed Statement of Financial Activities for the Year Ended 31st March 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations and legacies Grants Investment income Deposit account interest Other income receivable Charitable activities Special care income Attendance fees Other income Gain/(Loss) on sale of tangible fixed assets Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Amenity fund Utilities Collection and bin rental Internal maintenance Motor expenses Fuel Staff training Volunteers' expenses Telephone Costs of activities Administration Consumables Centre equipment Domestic supplies Sundries Insurance Carried forward |
2023 £ 2,508 - 2,508 1 - 1 68,027 254,766 322,793 - 325,302 174,072 7,757 2,859 - 4,875 2,267 460 6,452 2,467 300 942 2,174 252 2,051 5,319 561 - - 5,787 218,595 |
2022 £ 929 16,500 17,429 - 387 387 61,505 203,945 265,450 8,500 291,766 154,847 2,641 1,945 569 1,936 1,773 1,392 3,849 4,893 654 384 2,117 3,662 5,017 2,057 1,144 3,074 400 5,898 198,252 |
|---|---|---|
This page does not form part of the statutory financial statements
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Scope West Sussex
Detailed Statement of Financial Activities for the Year Ended 31st March 2023
| Charitable activities Brought forward IT support and purchase of books Rent Bad debts Improvements to property depreciation Fixture and fittings depreciation Motor vehicles depreciation Support costs Governance costs Independent Examination fees Total resources expended Net income |
2023 £ 218,595 1,058 15,000 75,041 3,553 1,457 6,792 321,496 2,040 323,536 1,766 |
2022 £ 198,252 2,629 11,250 634 3,553 1,905 19,821 238,044 2,880 240,924 50,842 |
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This page does not form part of the statutory financial statements
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