## **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`
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