REGISTERED COMPANY NUMBER: 05407738 REGISTERED CHARITY NUMBER: 1112581
Report of the Trustees and
Financial Statements for the Year Ended 31st March 2024
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 2024
| 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 17 |
| Detailed Statement of Financial Activities | 18 to 19 |
Scope West Sussex (Registered number: 05407738)
Report of the Trustees for the Year Ended 31st March 2024
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 2024. 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 2024
ACHIEVEMENT AND PERFORMANCE
Chairman's report for the year 2023/2024
The Charity was founded in the mid-sixties, occupying the present building in 1972. It has improved the lives of the severely disabled adult members that attend. It is a unique charity where our motto is 'Giving Hope Changing Lives'.
The centre is run by Clare Goff (manager) with the support of Stuart Napper (deputy manager). They are supported by a dedicated team of 7. We are currently operating at near capacity and have a couple of prospective new members. Currently we still have our 4 adapted minibuses for use by our members for their many social outings.
Having taken over from Douglas Hayler in January 2023 we have made a few changes. Our accounting software was changed from Sage to Xero due to inefficiencies and cost savings. Unfortunately, by implementing these changes it led to some redundancies
Both of our charity shops have struggled over the last few years, due to closures during covid and the increased costs for service charges on the Pagham shop. Alternative ways were looked at to try and make the shops more profitable. Sadly, it became apparent that The Point Chichester Trading Ltd was insolvent and an Insolvency Practitioner was engaged in July 2023. Both shops were closed on 4th July 2023 and the staff were made redundant. The insolvency is still ongoing with a finalisation date of September 2024.
The trustees and centre staff have therefore spent 2023/2024 fundraising and bringing in new ideas for the future of the charity. This has given a new lease of life to the charity, and everyone is excited to support the centre as it continues to grow.
Overall, the charity remains in good financial health with strong reserves and the continuing support of its members as always, thoroughly appreciated.
I want to take this opportunity to thank previous staff members for their service and current staff members for their continuous support and positive attitudes whilst these changes have been made.
Karen Jones. Chair January 2023 to date.
FINANCIAL REVIEW
Financial position
Total income from the year amounted to £307,955, of which £nil was restricted.
Total expenditure amounted to £331,076, of which £nil was restricted.
At 31 March 2024 the charitable company made a total deficit of £19,357, bringing total funds of the charity to £472,945. Of this, £457,852 is unrestricted and £15,093 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 £94,027 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.
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.
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Scope West Sussex (Registered number: 05407738)
Report of the Trustees for the Year Ended 31st March 2024
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 each year.
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
Trustees
Karen Jones Chair Nathan Burrows Richard Burrows Vicky Barkes (resigned 4.4.24) Penelope Ellison (appointed 3.6.24) Jane Feild Douglas Hayler Irene Hayler (resigned 8.4.24) Sarah Welch (appointed 3.6.24)
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Scope West Sussex (Registered number: 05407738)
Report of the Trustees for the Year Ended 31st March 2024
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Paul Wright FCA DChA 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 7[th] October 2024 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 2024.
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.
Paul Wright FCA DChA
Sheen Stickland Chartered Accountants 7 East Pallant Chichester West Sussex PO19 1TR
Date: 7[th] October 2024
Page 5
Scope West Sussex
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31st March 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 4,366 Charitable activities 4 SCOPE West Sussex Centre 251,580 Special Care 52,001 Investment income 3 8 Total 307,955 EXPENDITURE ON Charitable activities 5 SCOPE West Sussex Centre 331,076 Net gains/(losses) on investments 3,764 NET INCOME/(EXPENDITURE) (19,357) Transfers between funds 14 18,302 Net movement in funds (1,055) RECONCILIATION OF FUNDS Total funds brought forward 458,907 TOTAL FUNDS CARRIED FORWARD 457,852 |
Restricted funds £ - - - - - - - - (18,302) (18,302) 33,395 15,093 |
2024 Total funds £ 4,366 251,580 52,001 8 307,955 331,076 3,764 (19,357) - (19,357) 492,302 472,945 |
2023 Total funds £ 2,508 254,766 68,027 1 325,302 323,536 (601) 1,165 - 1,165 491,137 492,302 |
|---|---|---|---|
The notes form part of these financial statements
Page 6
Scope West Sussex (Registered number: 05407738)
Balance Sheet 31st March 2024
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 10 56,138 Investments 11 33,305 89,443 CURRENT ASSETS Debtors 12 31,376 Cash at bank and in hand 347,426 378,802 CREDITORS Amounts falling due within one year 13 (10,393) NET CURRENT ASSETS 368,409 TOTAL ASSETS LESS CURRENT LIABILITIES 457,852 NET ASSETS 457,852 FUNDS 14 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - - - 15,093 15,093 - 15,093 15,093 15,093 |
2024 Total funds £ 56,138 33,305 89,443 31,376 362,519 393,895 (10,393) 383,502 472,945 472,945 457,852 15,093 472,945 |
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 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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...
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Scope West Sussex (Registered number: 05407738)
Balance Sheet - continued 31st March 2024
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 7[th] October 2024 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 2024
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 exemption 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...
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Scope West Sussex
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
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.
Operating leases
Costs relating to operating leases are charged to the Statement of Financial Activities on an accruals basis.
2. DONATIONS AND LEGACIES
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Donations and legacies | 3,466 | 2,508 | |
| Other income | 900 | - | |
| 4,366 | 2,508 | ||
| 3. | INVESTMENT INCOME | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Deposit account interest | 8 | 1 |
continued...
Page 10
Scope West Sussex
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
4. INCOME FROM CHARITABLE ACTIVITIES
| INCOME FROM CHARITABLE ACTIVITIES | ||
|---|---|---|
| Activity Transport income SCOPE West Sussex Centre Attendance fees SCOPE West Sussex Centre Special care income Special Care |
2024 £ 5,068 246,512 52,001 303,581 |
2023 £ - 254,766 68,027 |
| 322,793 |
5. CHARITABLE ACTIVITIES COSTS
| SCOPE West Sussex Centre 6. SUPPORT COSTS SCOPE West Sussex Centre 7. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Independent Examination fees Depreciation - owned assets |
Direct Costs £ 327,543 |
Support costs (see note 6) Totals £ £ 3,533 331,076 Governance costs £ 3,533 2024 2023 £ £ 2,160 2,040 12,553 11,800 |
|---|---|---|
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023.
continued...
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Scope West Sussex
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
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. |
2024 £ 200,077 10,542 3,666 214,285 2024 13 |
2023 £ 174,072 7,757 2,859 |
||
|---|---|---|---|---|
| 184,688 | ||||
| 2023 13 |
10. TANGIBLE FIXED ASSETS
| COST At 1st April 2023 Additions Disposals At 31st March 2024 DEPRECIATION At 1st April 2023 Charge for year At 31st March 2024 NET BOOK VALUE At 31st March 2024 At 31st March 2023 |
Improvements Long to leasehold property £ £ 10,756 141,459 - 18,193 - - 10,756 159,652 - 119,980 - 4,139 - 124,119 10,756 35,533 10,756 21,479 |
Fixtures and fittings £ 29,714 1,538 - 31,252 26,822 1,542 28,364 2,888 2,892 |
|---|---|---|
continued...
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Scope West Sussex
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
10. TANGIBLE FIXED ASSETS - continued
| Motor Computer vehicles equipment £ £ COST At 1st April 2023 127,839 12,736 Additions - 260 Disposals - (212) At 31st March 2024 127,839 12,784 DEPRECIATION At 1st April 2023 114,265 12,524 Charge for year 6,787 86 At 31st March 2024 121,052 12,610 NET BOOK VALUE At 31st March 2024 6,787 174 At 31st March 2023 13,574 212 11. FIXED ASSET INVESTMENTS Shares in group Listed undertakings investments £ £ MARKET VALUE At 1st April 2023 100 29,441 Disposals (100) - Revaluations - 3,864 At 31st March 2024 - 33,305 NET BOOK VALUE At 31st March 2024 - 33,305 At 31st March 2023 100 29,441 |
Totals £ 322,504 19,991 (212) 342,283 273,591 12,554 286,145 56,138 48,913 Totals £ 29,541 (100) 3,864 33,305 33,305 29,541 |
|
|---|---|---|
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 2024
11. FIXED ASSET INVESTMENTS - continued
Cost or valuation at 31st March 2024 is represented by:
| Listed | ||
|---|---|---|
| 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) |
| Valuation in | 2024 | 3,864 |
| Cost | 20,000 | |
| 33,305 |
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors Prepayments and accrued income |
2024 £ 18,695 100 12,581 31,376 |
2023 £ 17,275 1,510 18,599 37,384 |
|---|---|---|
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Payments on account Trade creditors Social security and other taxes Other creditors Accruals and deferred income |
2024 £ 1,191 1,333 3,505 792 3,572 10,393 |
2023 £ 1,675 1,936 6,577 10,674 2,729 23,591 |
|---|---|---|
continued...
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Scope West Sussex
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
14. MOVEMENT IN FUNDS
| Unrestricted funds General fund Transport fund Centre reserve fund Centre fund Restricted funds Fundraising Projects fund TOTAL FUNDS Net movement in funds, included in the above are Unrestricted funds General fund Transport fund Centre reserve fund Centre fund TOTAL FUNDS |
At 1.4.23 £ - - 90,163 368,744 458,907 33,395 492,302 as follows: Incoming resources £ - - - 307,955 307,955 307,955 |
Net movement in funds £ (100) (6,786) 3,864 (16,335) (19,357) - (19,357) Resources expended £ - (6,786) - (324,290) (331,076) (331,076) |
Transfers between At funds 31.3.24 £ £ 100 - 6,786 - - 94,027 11,416 363,825 18,302 457,852 (18,302) 15,093 - 472,945 Gains and Movement losses in funds £ £ (100) (100) - (6,786) 3,864 3,864 - (16,335) 3,764 (19,357) 3,764 (19,357) |
|---|---|---|---|
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 1.4.22 £ 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 |
Transfers between funds £ (1,084) (52,447) 6,792 - (9,455) 56,194 - - - |
At 31.3.23 £ - - - 90,163 - 368,744 458,907 33,395 492,302 |
|---|---|---|---|---|
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continued...
Scope West Sussex
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
14. MOVEMENT IN FUNDS - continued
Comparative 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 |
|---|---|---|---|
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 1.4.22 £ 1,084 55,889 - 90,764 9,455 300,550 457,742 33,395 491,137 |
Net movement in funds £ (100) (3,442) (13,578) 3,263 - (4,335) (18,192) - (18,192) |
Transfers between funds £ (984) (52,447) 13,578 - (9,455) 67,610 18,302 (18,302) - |
At 31.3.24 £ - - - 94,027 - 363,825 457,852 15,093 472,945 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Centre amenity fund Transport fund Centre reserve fund Centre fund TOTAL FUNDS |
Incoming resources £ - 2,510 - - 630,747 633,257 633,257 |
Resources expended £ - (5,952) (13,578) - (635,082) (654,612) (654,612) |
Gains and Movement losses in funds £ £ (100) (100) - (3,442) - (13,578) 3,263 3,263 - (4,335) 3,163 (18,192) 3,163 (18,192) |
|---|---|---|---|
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continued...
Scope West Sussex
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
14. MOVEMENT IN FUNDS - continued
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.
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. It is used for expenditure on fundraising and grants to members.
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 £6,786 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 £18,302 has been made from the Fundraising Projects fund to the Centre fund for the purchase of chairs and carpets in the year.
15. EMPLOYEE BENEFIT OBLIGATIONS
The charitable company operates a defined contribution scheme. Contributions payable in the year amounted to £3,666 (2023: £2,859) and contributions of £792 were outstanding at the year end (2023: £667).
16. RELATED PARTY DISCLOSURES
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 2024 is therefore £nil (2023: £nil).
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Scope West Sussex
Detailed Statement of Financial Activities for the Year Ended 31st March 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations and legacies Other income Investment income Deposit account interest Charitable activities Special care income Transport income Attendance fees Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Utilities Collection and bin rental Internal maintenance Motor expenses Fuel Staff training Volunteers' expenses Telephone Costs of activities Administration Consumables Centre equipment Insurance IT support and purchase of books Rent Bad debts Improvements to property depreciation Fixture and fittings depreciation Motor vehicles depreciation Computer equipment depreciation |
2024 £ 3,466 900 4,366 8 52,001 5,068 246,512 303,581 307,955 200,077 10,542 3,666 2,410 2,313 2,676 7,614 6,358 949 1,057 2,485 10 2,063 4,218 560 5,756 686 15,075 46,475 4,139 1,542 6,786 86 327,543 |
2023 £ 2,508 - 2,508 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 1,058 15,000 75,041 3,553 1,457 6,792 - 321,496 |
|---|---|---|
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 2024
| Support costs Governance costs Independent Examination fees Professional Fees Total resources expended Net (expenditure)/income before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net (expenditure)/income |
2024 £ 2,160 1,373 3,533 331,076 (23,121) (100) (23,221) |
2023 £ 2,040 - 2,040 323,536 1,766 - 1,766 |
|---|---|---|
This page does not form part of the statutory financial statements
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