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2022-08-31-accounts

The Terminus Initiative

(A company limited by guarantee Number 5210544 )

(Registered Charity Number 1113438)

Financial Statements

for the year ended 31 August 2022

Contents Page
Company Information 2
Trustees' report 3-4
Examiner's report 5
Statement of Financial Activity 6
Balance sheet 7
Notes to the Financial Statements 8-11

The Terminus Initiative

Company information

Trustees

Jonathan Dunning Ken Dutton Jonathan Haigh Karen Harrison Michelle Hayes Claire Keen Nigel Lee Ned Lunn Samantha Nicholson Zaidie Orr Ian Price

Appointed 14 June 2022 Resigned 14 June 2022 Chair

Resigned 20 January 2022

Appointed 8 November 2021 Resigned 14 June 2022 Appointed 14 June 2022

Appointed 26 January 2022

Company Secretary

Ned Lunn

Company number

5210544

Charity number

1113438

Registered office

240, Lowedges Road, Sheffield S8 7JB

Bankers

The Co-operative Bank

Independent Examiner

Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL

2

The Terminus Initiative

Trustees' report

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report and financial statements for the year ended 31 August 2022. The trustees have adopted the provisions of the Statement of Recommended

Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005 in preparing the annual report and financial statements of the charity.

Structure, governance and management

The charity is a company limited by guarantee. The company was incorporated on 19 August 2004.

Its governing document is the Memorandum and articles of association as amended by written resolution dated 8 March 2006.

The Trustees decided that no Annual General Meeting would be held due to the Covid-19 pandemic restrictions, but that a general meeting will be held whenever the mobility restrictions imposed by the government allow, and it is sensible to do so.

Charitable objects

To further such purposes as are charitable under the laws of England and Wales as the trustees see fit from time to time, in particular but not exclusively advancing Christian faith for the benefit of the community in Lowedges by:

Achievements and performance

We have welcomed several new Trustees over the last year and continue to meet regularly.

We were successful in becoming the lead partner in People Keeping Well and continue to run the programme successfully.

We have Seen a growth in footfall in the community groups that we offer and supported initiatives that we provide.

We are currently looking to the future and have begun a review process with an outside enabler who is having sessions with staff, stakeholders and Trustees with an aim of creating a plan for the next 1, 3 and 5 years.

This year we have taken on the lead organisation role for People Keeping Well. This involves working with local partner organisations to build capacity in the area and identify need. We have continued to run several groups to encourage community wellbeing, such as a health walk, art & craft group, carers support group and chair-based exercise. We have also set up new groups such as men’s football, a women’s exercise class and gardening sessions at the community allotment. We have run various community events such as: a Fun Palace, Christmas meal, Coronation tea party and volunteer celebration. We continue to be involved in the Healthy Activities and Food programme with Sheffield City Council. We have run family litter picks, circus skills workshops, craft workshops and mini first aid courses. We have also been successful in being involved in the pilot of Green prescribing in Sheffield. This has involved running nature wellbeing sessions in the community. We also work with Voluntary Action Sheffield on their community champions volunteering programme and also their collaborative conversations project which will inform the City Goals for Sheffield.

3

The Terminus Initiative

Trustees' report continued

Public Benefit

The Trustees have regular reports on activities, and examine the services provided to ensure that all our activities provide clear Public Benefit. In doing this they have regard to guidance provided by the Charity Commission. Our premises are used by a wide variety of other groups which serve the needs of local people. Our Equal Opportunities Policy seeks to ensure that all members of the community are able to access our services and activities.

Reserves Policy.

With agreement of our partners and following a decision of the board, The Terminus Initiative is to hold a reserve of unrestricted funds of not less than £10,000. This is to ensure that certain commitments may be upheld for a period of three months. This policy is to be reviewed annually.

Trustees responsibilities for the financial statements

Company and charity law requires the trustees to prepare financial statements for each financial period which show the state of affairs of the charity and of net income or expenditure of the charity for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable the Trustees to prepare financial statements. The Trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. 

25/05/2023

This report was approved by the Trustees on __ and is signed on their behalf by:

Jonathan Haigh

signed on 25/05/2023, 14:06:29 BST Jonathan Haigh

Chair

4

The Terminus Initiative

Independent Examiner's report on the Accounts of The Terminus Initiative for the year ended 31 August 2022

I report on the accounts of the company for the year ended 31 August 2022, which are set out on pages 6 to 11.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s 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.

It is my responsibility to:

q examine the accounts under section 145 of the 2011 Act;

q to follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and

q to 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.

Signed:______

Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL

Date:______

5

The Terminus Initiative

Statement of Financial Activities

for the year ended 31 August 2022

Notes

INCOMING RESOURCES
Gifts and donations
Grants and contracts
2
Rental Income
Café and Shop Sales
Other Income
Total income
RESOURCES EXPENDED
Cost of Sales
Conversation club and migrant support
Charitable activities
Salaries Costs
3
Payroll Administration Costs
Rent
Business and Water rates
Heat & Light
Cleaning
Insurance
Repairs and renewals
Equipment
Stationery, Telephone & Postage
Volunteer expenses
Independent Examination
Other expenditure
Total resources Expended
Net incoming/(outgoing) resources
Total Funds brought forward
Total Funds carried forward
7		 Unrestricted
£
10,088
48,045
16,023
0
6,521
80,677
-
-
89
61,458
432
7,315
1,252
2,298
363
703
489
-
2,005
-
450
469
77,323
3,354
44,243
47,597		 Restricted
£
-
98,126
-
-
-
98,126
-
1,629
48,933
27,943
-
-
-
-
-
-
-
247
-
-
-
-
78,752
19,374
48,976
68,350		 2022
Total
£
10,088
146,171
16,023
6,521
178,803
-
1,629
49,023
89,401
432
7,315
1,252
2,298
363
703
489
247
2,005
450
469		 2021
Total
£
7,094
81,732
3,605
110
2,552
95,093
26
201
24,150
46,758
392
7,562
944
2,785
9
534
6,058
1,030
1,428
-
400
1,265
156,076
22,727
93,219
115,947		 93,542
1,552
91,667
93,219

6

The Terminus Initiative

Balance sheet as at 31 August 2022

Company number: 5210544
CURRENT ASSETS
Debtors
5
Cash at bank and in hand
4
LIABILITIES
Accruals
6
NET CURRENT ASSETS
Total assets
Total Funds
Unrestricted funds
Restricted Funds
7		 2022
£
1,658
119,827
121,485
(5,538)
115,947
115,947
47,597
68,350
115,947		 2021
£
2,838
94,336
97,174
(3,955)
93,219
93,219
44,243
48,976
93,219

For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities;

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 

25/05/2023

The financial statements are approved by the Trustees on ______ and signed on its behalf by:

Jonathan Haigh

signed on 25/05/2023, 14:06:29 BST Jonathan Haigh Chair

7

The Terminus Initiative

Notes to the accounts

for the year ended 31 August 2022

1 Accounting Policies

The Financial Statements have been prepared in accordance with the Companies Act 2006, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS102 (effective from January 2015 and updated with effect from January 2016) - (the Charities SORP (FRS102)), as modified for smaller charities.

The Charity meets the definition of a public benefit entity as defined under FRS102.

Grants donations and Income from charitable trading activities are recognised in full in the Statement of Financial Activities in the year in which they are received.

(c) Restricted Funds

Restricted funds are used for specific purposes as laid down by the donor. Expenditure which meets the criteria is identified to the fund together with a fair allocation of management and support costs.

(d) Unrestricted Funds

Unrestricted Funds are other income received or generated for the objects of the charity without further specified purpose and are available as general funds.

(e) Resources expended

Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of V.A.T. The company is not VAT registered.

Governance costs of the charity relate to the costs of running the charity such as

the costs of meetings, professional costs and statutory compliance, and includes any costs which cannot be specifically identified to another expenditure classification. In the opinion of the trustees all support costs relate to charitable expenditure.

(f) Tangible Fixed Assets and Depreciation

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset over its useful life.

(g) Fund Accounting

Funds held by the charity are either restricted funds or unrestricted general funds. Unrestricted funds are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Restricted funds that can only be used for a particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

8

The Terminus Initiative

Notes to the accounts

for the year ended 31 August 2022

2 Grants and Contracts

Grants
Age Better
Church Burgesses Trust
The Cooperative Foundation
Green Prescribing
Groundwork UK
Heeley City Farm - Dementia
Heeley City Farm - Healthy Holidays
HMRC Job Retention Grants
Lauderdale Trust
Lloyds Bank Foundation
People Keeping Well - Resilient Communities
Reachg -CWP Mens Mental Health
Reach South Sheffield
Sheffield City Council WCC
Sheffield City Council LAC
Sheffield City Council Jubilee
Sh ffi ld Cit C
il F
P l
e e
y ounc
un a ace
Sheffield City Council Kitchen
Sheffield City Council Community Champions
Sheffield City Council COVID
Sheffield City Council Healthy Holidays
Sheffield City Council Homework
Sheffield City Council Singing
Sheffield City Council Early Years
Sheffield Methodist Circuit
Sheffield Methodist Connexion
Sheffield Town Trust
Yorkshire Sport
Contracts
Voluntary Action Sheffield
Sheffield PCT
Total		 2022
£
962
-
263
6,905
-
3,750
9,150
-
11,200
5,300
15,251
5,391
4,704
1,000
1,000
500
950
850
10,000
-
-
-
-
-
450
19,000
1,500
-
-
48,045
146,171		 2021
£
-
2,000
-
-
1,000
5,838
-
2,521
-
-
-
-
8,847
1,732
-
-
-
-
1,315
1,751
1,246
1,240
4,704
-
-
-
4,992
1,892
42,654
81,732

9

The Terminus Initiative

Notes to the accounts

for the year ended 31 August 2022

3 Staff Costs and Trustee Remuneration

The Trustees received no remuneration in the year.
The Staff costs were;
Salaries & NI
4 Cash at Bank and in Hand
Balance at Bank
Cash Balance		 2022
£
89,401
89,401
2022
£
119,585
242
119,827		 2021
£
46,758
46,758
2021
£
94,268
68
94,336

5 Debtors: Amounts due within one year

Debtors
6 Creditors: Amounts falling due within one year
Creditors
Accountancy		 2022
£
1,658
1,658
2022
5,088
450
5,538		 2021
£
2,838
2,838
2021
£
3,555
400
3,955

10

The Terminus Initiative

Notes to the accounts

for the year ended 31 August 2022

7 Fund accounts

Fund Balances on restricted funds are;

Opening
balance
1
September
2021
Funder
£
Age Better
-
The Cooperative Foundation
-
The Cutlers Company
500
Freshgate Trust
309
JG Graves Trust
536
Leeds Building Society
585
Church Burgesses Trust
2,123
Green Prescribing
Groundwork UK
1,000
Heeley City Farm - Dementia
1,472
Heeley City Farm - Healthy Holidays
-
Lauderdale Trust
-
Lloyds Bank Foundation
-
NHS CCG
116
PKW - Resilient Communities
802
PKW - Defibrillator
412
Reach South Sheffield
8,645
Reach Via The Brelms Trust
5,391
Sheffield City Council Jubilee
-
Sheffield City Council WCC
-
Sheffield City Council Ward Pot
-
Sheffield City Council COVID
80
Sheffield City Council Fun Palace
-
Sheffield City Council Kitchen
-
Sheffield City Council Community Champi
-
Sheffield City Council Homework
1,246
Sheffield City Council Singing
1,240
Sheffield Methodist District
4,535
Sheffield Methodist Connexion
13,558
Sheffield Methodist Circuit
4,175
St Agathas Trust
500
Sheffield Town Trust
344
Yorkshire Sport
1,407
48,976		 Receipts
£
962
263
-
-
-
-
-
6,905
3,750
9,150
11 200
,
5,300
15,251
-
4,704
5,391
500
1,000
1,000
-
950
850
10,000
-
-
-
19,000
450
-
1,500
-
98,126		 Payments
£
(962)
-
-
(196)
(191)
-
-
(5,416)
(1,000)
(2,314)
(5,348)
(7 008)
,
(5,300)
(116)
(2,826)
-
(4,994)
(8,323)
(500)
(505)
(1,000)
(80)
-
(247)
(8,164)
(736)
(890)
(4,535)
(11,625)
(4,542)
-
(1,014)
(920)
(78,752)		 Closing
balance 31
August 2022
£
-
263
500
113
345
585
2,123
1,489
-
2,908
3,802
4 192
,
-
-
13,227
412
8,355
2,459
-
495
0
-
950
603
1,836
510
350
-
20,933
83
500
830
487
68,350

11 

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25/05/2023, 14:06:29 BST

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Summary

Envelope's ID:51fa2di7
Document's hash:2937484fd384751b49bf9c537cfb46add0afdbc0422f25ab9f8464615463aa3c
Final stamp:25/05/2023, 14:06:31 BST

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