## 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:
- Developing services and activities which help to address the physical, emotional and spiritual needs of all sections of the community.
- Working in partnership with local residents, voluntary and community agencies and statutory service providers to help meet the needs of the community.
- Complementing existing services to drug users and ex-users by providing spiritual support and counsel as appropriate.
- Contributing to the reduction of crime and anti-social behaviour by assisting in promoting public confidence and strengthening community spirit.
## **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:
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent.
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
- state whether applicable accounting standards of recommended practice have been followed subject to any departures disclosed and explained in the financial statements.
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**
- **(a)** Basis of preparation
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.
- **(b)** Income
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**
```
Signatures' technical details
```
## **`Signatures`**
## **`j.haigh100@btinternet.com`**
```
25/05/2023, 14:06:29 BST
```
## **`Fingerprint`**
```
81d307018ca5eb175aa8b76c88c20f9a3989c568
```
## **`Event log`**
```
10.50.10.6125/05/2023, 13:26:05 BST
Signing request created.
System25/05/2023, 13:26:06 BST
Notification sent to j.haigh100@btinternet.com.
System25/05/2023, 14:05:41 BST
Signing page opened by signee j.haigh100@btinternet.com.
System25/05/2023, 14:06:29 BST
Signee j.haigh100@btinternet.com signed document.
System25/05/2023, 14:06:29 BST
Signing process completed.
```
## **`Summary`**
```
Envelope's ID:51fa2di7
Document's hash:2937484fd384751b49bf9c537cfb46add0afdbc0422f25ab9f8464615463aa3c
Final stamp:25/05/2023, 14:06:31 BST
```
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