The Terminus Initiative
(A company limited by guarantee Number 5210544)
(Registered Charity Number 1113438)
Financial Statements
for the period ending 31 March 2024
(7 months)
| 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 (Resigned 4 July 2023) Jonathan Haigh Chair Karen Harrison Claire Keen Nigel Lee Samantha Nicholson Zaidie Orr Ian Price (Resigned 20 June 2023) Linda Grant (appointed 27 December 2023) Neil Bricklebank (appointed 27 December 2023)
Company Secretary it
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 i 1 White Rose Accounting for Charities The Ghyll Threapland Aspatria CA? 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 period ending 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice ISQRP) Accounting and Reporting by Charities issued in March 2005 in preparing the annual report and financial statements of the charity. Structurey 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. Charitsble 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 lo help meet the needs of the community. Complementing existing services to drug users and ex-users by providing spiritual support and counsel as appropriste Contributing to the reduction of crime and anti-social behaviour by assisting in promoting public confidence and strengthening community spirit Achievements and performance Over the last year we halie seen our work in the community grow from strength to strength. As a result of the potential rental costs rising of the shop unit and upstairs offices upstairs, and the fact that they are no longer fit for purpose, we are looking to move from there to the Michael church. The Board of Trustees agreed lo actively enter into conversations with the Yorkshire Congregational Union to negotiate a lease agreement to manage the building. This will give us a larger space to work but also secure the long- term future of the Foodbank. We have also found new funders in the Gavins Foundation who have identified a larger shop unit which was the former Coop. Grant funding has also been offered lo employ an operations manager. The aim is to set up an enterprise business in order to become as self-sufficient as possible. The process to employ a Operations Manager will commence early in 2024. The work in the Healthy living and chaplaincy side of the charity are both thriving. We are in process with a coach to re-evaluate our model of working in order to assimilate all aspects of our work. We have a new strap line.. "Turning around lives for good. We will need to apply for further grant funding for the Community Outreach manager. In the last year two Trustees resigned and we have appointed two new Trustees. Jonathan Haigh Chair Jonathan Haigh signed on1211212024, 14.'30.56 GMT
12/12/2024
Jonathan Haigh
signed on 12/12/2024, 14:30:56 GMT Jonathan Haigh
The Termlnus Initiative Independent Examiner's report on the Accounts of The Terminus Inltiative for the period ending 31 March 2024 I report on the accounts of the company for the period ended 31 March 2024, which are set out on pages6to 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 11 is my responsibility to.. Q examine the accounts under section 145 of the 2011 Act, El to follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5)Ib) of the 2011 Act., and Q lo 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 'lrue and fair view, and the report Is limited lo those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come lo my attention.. 11 } 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 12) to which, in my opinion, attention should be drawn in order lo enable a proper understanding of the accou reached. Signed. Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL Date.. J (IL (L-
The Terminus Initiative Statement of Financial Activities for the period ending 31 March 2024 Notes Unrestricted 2024 Total 2023 Total Restricted INCOMING RESOURCES Gifts and donations Grants and contracts Rental Income Café and Shop Sales Other Income Total income {7 months) {12 months) 2,864 111,341 6,718 1,885 33 122,841 2,884 5,000 6,718 1,885 33 16,500 11,160 150,400 9,493 106,341 106,341 171,053 RESOURCES EXPENDED Conversation club and migrant support Charitable activities Salaries Costs Payroll Administration Costs Rent Business and Water rates Heat & Light Cleaning Insurance Equipment, Repairs and renewals Stationery, Telephone & Postage Volunteer expenses Independent Examination Other expenditure Total resources Expended 1,596 40,478 56,413 1,596 40,478 56,413 2,279 64,232 89,519 360 7,540 2,619 1,779 1,787 470 4,398 1,787 470 41 807 1,227 868 20 350 673 109,128 2,214 13 749 194 3,361 65 475 864 173,193 41 807 1,227 868 20 350 673 3,683 105,445 Net incomingl{outgoing) resources 12,817 896 13,713 Total Funds brought forward Transfers (2,140) 48,790 65,017 113,807 115,947 15,008 (15,006) Total Funds carried fonvard 76,613 50,907 127,520 113,807
12/12/2024
Jonathan Haigh
signed on 12/12/2024, 14:30:56 GMT Jonathan Haigh
The Terminus Initiative Notes to the accounts for the perlod ending 31 March 2024 1 Accounting Policies (a) Basis of preparation The Financial Stalements have been prepared in accordance with the Companies Act 2006, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021, and the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wilh FRS102 (effective from January 2015 and updated with effect from January 2016} (the Charities SORP IFRS102)), 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 Stalement 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 A¢tivities 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 compliallce, 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. (fj 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 call be used in accordance with the charitable objects at the discretion of the tiustees. Restricted funds that can only be used for a particular restricted purposes within the objects of Ihe charity. Restrictions aiise when specified by the donor or when funds are raised for particular restricted purposes.
The Terminus Initlative Notes to the accounts for the period ending 31 March 2024 2 Grants and Contracts Grants The Cooperative Foundation Green Prescribing Heeley City Farm Dementia Heeley City Farm - Healthy Holidays Lauderdale Trust People Keeping Well - Resilient Communities People Keeping Well - Sheffield City Council WCC Sheffield City Council c Sheffield City Council Ward Pot Sheffield City Council SPF Sheffield City Council Sheffield City Council Christmans Dinner Sheffield City Council - Community Meals Sheffield City Council Community Champions Sheffield City Council Coronation Sheffield City Council Cost of Living Sheffield City Council Family Hub Sheffield City Council Healthy Holidays Sheffield City Covid 19 Memorial Sheffield City Council Early Years Sheffield City Council Greener Greenhill Sheffield Methodist Connexion South Yorkshire Community Foundation Yorkshire Sport Contracts Voluntary Action Sheffield Sheffield PCT Total 2024 2023 1,500 4,290 5,000 80 11,200 53,436 25,000 990 3,429 2,500 5,600 12,500 27,818 5,000 21,875 1,000 970 2,000 15,000 400 2,500 20,000 2,338 3,865 2,000 4,704 932 8,000 7,240 2,075 1,000 7,500 111,341 150,401
The Termlnus Initiative Notes to the accounts for the period ending 31 March 2024 3 Staff Costs and Trustee Remuneratlon The Trustees received no remuneration in the year. The Staff costs were., 2024 2023 Salaries & Nl 56,413 56,413 89,519 89,519 4 Cash at Bank and in Hand 2024 2023 Balance at Bank Cash Balance 134,764 50 134,814 114,836 56 114,892 5 Debtors.. Amounts due within one year 2024 2023 Debtors 96 96 2,167 2,167 6 Creditors: Amounts falling due within one year 2024 2023 Creditors Accountancy 7,040 350 7,390 2,775 475 3,250 10
The Terminus Initiative Notes to the accounts for the period ending 31 March 2024 7 Fund accounts Fund Balances on restricted funds are,, Opening balance 1 September 2023 Closing balance 31 March 2024 Funder The Cutlers Company Green Prescribing Heeley Ciiy Farm Dementia Heeley City Farm - Healthy Holidays Lauderdale Trust NHS CCG PKW- Resilient Communities PKW PKW ~ Defibrillator Reach South Sheffield Reach Via The Brelms Trust Sheffield City Council Family Hub Sheffield City Council Cost of Living Sheffield City Council Christmas Dinner Sgeffield City Council Warm Space Sheffield City Council Coronation Sheffield City Council WCC Sheffield City Council LAC Sheffield City Council Early Years Sheffield City Council Greener Greenhill Sheffield City Council COVID memorial She.ffield City Council Healthy Holidays Sheffield City Council Fun Palace Sheffield City Council SPF Sheffield City Coijncil Community Champions Sheffield City Councilcommijnity Meals Sheffield City Council Sheffield Methodist conney.ion ,8outh Yorkshire Community Foundation VAS Yorkshire Sport Receipts Payments 253 2,126 2,854 3,882 3,951 3,800 {253) (2,1261 {5, 3541 13,882) (2,8161 (3,8001 {30,2641 123,798) 1412) {1,611} {993) 18501 2,500 5,600 6,735 12,500 27,818 4,020 1,811 993 20,000 2,500 970 19,150 2,500 (970) 1461 1120) 18461 12,429) 14,704) 19321 18) 13,700) 1138) 111,007) (3,211) 39 120 345 2,429 4,704 932 1,362 138 2,338 21,875 3,211 10,868 2,000 1,000 2,000 1,OOQ 11,771 111,771) (3,2361 1496} 678 {120,451) 7,240 496 678 4,004 65.017 106,341 50,907
Signatures' technical details
Signatures
gmcminister@gmail.com
12/12/2024, 14:30:56 GMT
Fingerprint
dd5ebf1bdc0d1f52197e823d023e209d845dc673
Event log
10.50.10.93 12/12/2024, 14:17:45 GMT Signing request created. System 12/12/2024, 14:17:47 GMT Notification sent to gmcminister@gmail.com. System 12/12/2024, 14:28:01 GMT Signing page opened by signee gmcminister@gmail.com. System 12/12/2024, 14:30:57 GMT Signee gmcminister@gmail.com signed document. System 12/12/2024, 14:30:57 GMT Signing process completed.
Summary
Envelope's ID: 2oha308h Document's hash: a538f43766378260be3831d8f009bc9db6490a8322da4a07cb6192175aa4d362 Final stamp: 12/12/2024, 14:31:00 GMT
----- Start of picture text -----
Verification QR Code
----- End of picture text -----