Charity Registration Number: 1116884
Company Registration Number: 04809912
MAIN - Taking Autism Personally (A Company Limited by Guarantee)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 JUNE 2024
MAIN – Taking Autism Personally (A Company Limited by Guarantee)
ANNUAL REPORT AND UNAUDITED FINANCIAL STAEMENTS FOR THE YEAR ENDED 28 JUNE 2024
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| Page | |
|---|---|
| Report of the Trustees (including the Director's Report) | 1 - 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities (including Income and | |
| Expenditure account) | 6 |
| Balance sheet | 7 |
| Statement of Cash Flows | 8 |
| Notes to the Financial Statements | 9 - 18 |
Page 1
MAIN – Taking Autism Personally (A Company Limited by Guarantee)
TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTOR’S REPORT) FOR THE YEAR ENDED 28 JUNE 2024
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The trustees present their report and the unaudited financial statements of the charitable company for the year ended 28 June 2024.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing documents, the Charities Act 2011 and ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standards applicable in the UK and Republic of Ireland’, published in October 2019.
Trustees of the Charity
The directors of the charitable company are its trustees for the purposes of charity law. Details of the trustees who have served during the year and since the year end can be found on page 4.
OBJECTIVES AND ACTIVITIES
The principal objectives of the charity are:
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To promote and protect the physical and mental health of those affected by autistic spectrum disorders and other disabilities and associated mental health needs through the provision of support, practical advice and facilities for education, work and recreation
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To advance the education of the general public in all areas relating to autistic spectrum disorders and other disabilities and associated mental health needs.
The trustees regularly review the objectives and activities of the charity and, as part of that review, they have considered the Charity Commission’s general guidance on public benefit.
CHAIR’S REPORT ON ACHIEVEMENTS AND PERFORMANCE
Introduction
As Chair of the Board of Trustees of MAIN – Taking Autism Personally, I am pleased to present this report, reflecting on the significant strides we have made this year, as well as outlining the challenges and opportunities ahead. Our Charity’s mission to support and empower autistic individuals and their families remains as relevant as ever, and we are proud of the impact we have made in the lives of those we serve.
Our Achievements This Year
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Increased Support Services: This year, we expanded our service to include: • Show Stoppers – dance and drama group
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Explorers
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Sunday Youth Group
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New venue for Guisborough clubs
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Additional After School Clubs – partnering with Priory Woods
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Parent Toddler
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Care & Share
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Employability
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Fundraising Success: Thanks to the hard work and generosity of our supporters, we exceeded our fundraising targets. Key fundraising events, such as Wolviston Management Services’ Black Tie Ball in December 2023, became the catalyst to raising corporate awareness and enhancing our reach:
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Building – Pathways to Independence
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We are deeply grateful for the continued support from our donors, volunteers, and corporate partners who make our work possible.
Page 2
MAIN – Taking Autism Personally (A Company Limited by Guarantee)
TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTOR’S REPORT) FOR THE YEAR ENDED 28 JUNE 2024 (continued)
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ACHIEVEMENTS AND PERFORMANCE (continued)
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Partnerships and Collaborations: This year, we further strengthened our relationships with key organisations, including working more closely with other charitable organisations, statutory bodies, health organisations, and a range of corporate partners that has allowed us to:
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Share resources and knowledge
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Expand our reach and accessibility to more individuals across the Northeast
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Provide better holistic support services through integrated partnerships
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Providing a conduit between the corporate world and neurodiverse individuals, in offering work placements, reasonable adjustments and aligning corporate values to ours.
Challenges Faced
While this year has been one of progress, we have also faced challenges that are critical to address moving forward:
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Funding Uncertainty: Like many charities, we have been affected by the broader economic landscape, and securing long-term funding has become increasingly challenging. As we rely heavily on commissioned contracts, donations and grants, it remains a priority to diversify our funding sources to ensure the sustainability of our services.
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Staffing and Resource Constraints: While we have expanded our programs, our staff and volunteers have worked hard to keep up with demand. Ensuring we have enough qualified staff to meet the needs of those we serve is a priority, and we are continuing to look at new ways to further invest in recruitment and staff development.
Looking Ahead
The year ahead is filled with opportunities to continue making a difference. We will:
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Expand Our Reach: Focus on increasing the accessibility of our services, particularly in underserved areas. This will include exploring digital solutions and outreach strategies to support people in remote or rural locations.
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Advocate: We will continue to advocate for autistic individuals, pushing for greater support and inclusion for autistic individuals for them in all aspects of society, from education to employment.
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Strengthen Our Community: Building a strong, supportive community remains at the core of our mission. We will continue to provide spaces where families and autistic individuals can connect, share experiences, and offer mutual support.
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Complete Build Work: providing further opportunities for growth and development and partnership working.
Acknowledgments
I want to take this opportunity to thank our staff, volunteers, and supporters for their continued dedication. Without you, none of this would be possible. Together, we are making meaningful change and fostering a more inclusive society for autistic people.
I would also like to extend a special thank you to our Board of Trustees for their invaluable contributions.
Conclusion
As Chair, I am honoured to be part of such an inspiring and impactful organisation. We are proud of our progress, we still have more work to do, but together we will continue to make a tangible difference in the lives of autistic individuals and their families. I look forward to another year of progress and success. Thank you for your continued support.
TogetherRaisingSmiles
Pete Stead, Chair of the Board of Trustees
Page 3
MAIN – Taking Autism Personally (A Company Limited by Guarantee)
TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTOR’S REPORT) FOR THE YEAR ENDED 28 JUNE 2024 (continued)
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FINANCIAL REVIEW
Investment Policy and Performance
The charity has operated with limited reserves and all funds are held in current accounts. The Memorandum and Articles of Association permit the trustees to make any investment as they see fit.
Reserves Policy
We have a long-term goal of covering three months core operating costs in free reserves, in addition to clearly identifying resources which are committed to commissioned pieces of work or dedicated to other specific projects.
This level of reserves was not achieved at the end of June 2022 or June 2023, but the trustees are formulating plans to increase the levels of reserves over the medium term.
Going Concern
The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
Main - Taking Autism Personally - is a company limited by guarantee and not having a share capital, governed by its Memorandum and Articles of Association (which were amended on 15th September 2011) and was registered with the Charity Commission from 20 November 2006. In the event of the charity being wound up, members are each required to contribute an amount not exceeding £10. Trustees provide strategic direction for the charity and work with the charity's CEO to ensure its effective operation.
Appointment of Trustees
Trustees are elected at general meetings by the board members. Alternatively, new trustees may also be appointed by the trustees, but such appointments are effective only until the next AGM when they are then subject to confirmation by board members. More details of the rules governing appointment, resignation and removal of trustees are included in the Articles of Association.
Trustees Induction and Training
The trustees are always keen to appoint and to pro-actively support new trustees who will bring relevant expertise and commitment so that we continue to have a balanced and effective trustee board, and a well governed and effective charity.
The trustees have induction procedures aimed at ensuring that new trustees understand their roles and obligations. As part of these procedures, trustees are encouraged to attend appropriate internal and external training events to facilitate the understanding of their roles.
Organisation
The management and administration of the charity is under the control of the trustees who meet periodically throughout the year. Day to day operational matters are delegated to the Chief Executive Officer.
Staff Remuneration
Staff remuneration is set by the trustees and is reviewed annually with inflationary increases based on the general economic climate and the charity’s financial position.
Page 4
MAIN – Taking Autism Personally (A Company Limited by Guarantee)
TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTOR’S REPORT) FOR THE YEAR ENDED 28 JUNE 2024 (continued)
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STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)
Related Parties
There were no related party transactions during the period under review.
Risk Management
The trustees consider the risks faced by the charity on a regular basis. The major risks are in relation to funding and staffing. The charity is looking to diversify its funding sources to ensure sustainability for the future.
The charity is looking to invest in staff recruitment and development to ensure there are sufficient, suitably qualified/experienced staff available to provide the services required by the client group.
REFERENCE AND ADMINISTRATIVE INFORMATION
| Registered Charity Name | MAIN - Taking Autism Personally | MAIN - Taking Autism Personally |
|---|---|---|
| Charity Registration Number | 1116884 | |
| Company Registration Number | 04809912 | |
| Principal Office and Registered | The Finlay Cooper Centre | |
| Office | Elizabeth Terrace | |
| Middlesbrough | ||
| TS3 6EN | ||
| The Trustees | L Dickinson | |
| I Brown | (resigned 09.12.23) | |
| G Glendinning | (appointed 01.12.23) | |
| M Freer | (appointed 22.02.24) | |
| P Stead | (appointed 23.04.24) | |
| D Sullivan | (appointed 31.07.24) | |
| L M Jones | (appointed 03.10.24) | |
| Chief Executive Officer | H Whyman | |
| Independent Examiner | Mr J Lester FCA | |
| Baines Jewitt Limited | ||
| Spitfire House | ||
| 19 Falcon Court | ||
| Preston Farm Industrial Estate | ||
| Stockton-on-Tees | ||
| TS18 3TU | ||
| Bankers | HSBC UK | |
| 60 Albert Road | ||
| Middlesbrough | ||
| TS1 1RS |
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 the trustees/directors on 27 March 2025 and signed on their behalf by:
P Stead
Chair of Trustees
Page 5
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF MAIN – Taking Autism Personally FOR THE YEAR ENDED 28 JUNE 2024
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I report to the charity trustees on my examination of the accounts of the company for the year ended 28 June 2024 which are set out on pages 6 to 18.
Responsibilities and Basis of Report
As the charity 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 company’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 the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), 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 that in any material respect:
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Accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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The accounts do not accord with those records; or
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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
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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.
Mr J Lester FCA Baines Jewitt Limited Chartered Accountants Spitfire House 19 Falcon Court Preston Farm Industrial Estate Stockton-on-Tees TS18 3TU
Dated: 27 March 2025
JL/AJW
Page 6
MAIN – Taking Autism Personally (A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 JUNE 2024 (including Summary Income and Expenditure Account)
__________________
| Unrestricted Funds | Unrestricted Funds | Restricted Funds | Restricted Funds | Total | Funds | ||
|---|---|---|---|---|---|---|---|
| Notes | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |
| £ | £ | £ | £ | £ | £ | ||
| Income and endowments | |||||||
| Donations and legacies | 3 | 11,621 | 12,296 | 32,781 | 20,000 | 44,402 | 32,296 |
| Charitable activities | 4 | 848,382 | 716,972 | - | - | 848,382 | 716,972 |
| Other income | 5 | 2,956 | 2,100 | - | - | 2,956 | 2,100 |
| _____ | _____ | ___ | ____ | ______ | _____ | ||
| Total income | 862,959 | 731,368 | 32,781 | 20,000 | 895,740 | 751,368 | |
| ========== | ========== | ======== | ========= | ========== | ========== | ||
| Expenditure | |||||||
| Expenditure on charitable | |||||||
| activities | 6 | 858,049 | 774,122 | 15,124 | 17,411 | 873,173 | 791,533 |
| ______ | _____ | ____ | ____ | _____ | _____ | ||
| Total expenditure | 858,049 | 774,122 | 15,124 | 17,411 | 873,173 | 791,533 | |
| =========== | ========== | ========= | ========= | ========== | ========== | ||
| Net Income/(expenditure) | 4,910 | (42,754) | 17,657 | 2,589 | 22,567 | (40,165) | |
| Transfers between funds | (791) | 5,000 | 791 | (5,000) | - | - | |
| ____ | ___ | ___ | ___ | ___ | ___ | ||
| Net movement in funds | 7 | 4,119 | (37,754) | 18,448 | (2,411) | 22,567 | (40,165) |
| Reconciliation of funds: | |||||||
| Total funds brought forward | 264,869 | 302,623 | 8,589 | 11,000 | 273,458 | 313,623 | |
| ____ | ___ | ___ | ___ | ___ | ___ | ||
| Total Funds Carried | |||||||
| Forward | 16 & 17 | 268,988 | 264,869 | 27,037 | 8,589 | 296,025 | 273,458 |
| ========== | ========== | ========= | ========= | ========== | ========== |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 9 to 18 form part of these financial statements
Page 7
MAIN – Taking Autism Personally (A Company Limited by Guarantee) (Company registration number 04809912)
BALANCE SHEET YEAR ENDED 28 JUNE 2024
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| Notes | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible fixed assets | 12 | 435,891 | 476,594 |
| Current assets | |||
| Debtors | 13 | 109,982 | 119,817 |
| Cash and Cash Equivalents | 69,289 | 10,868 | |
| _____ | ______ | ||
| 179,271 | 130,685 | ||
| Creditors: amounts falling due within one year | 14 | (122,977) | (132,036) |
| ____ | ____ | ||
| Net current assets/(liabilities) | 56,294 | (1,351) | |
| ========= | ========= | ||
| Total assets less current liabilities | 492,185 | 475,243 | |
| Creditors: amounts falling due after more than one year | 15 | (196,160) | (201,785) |
| _____ | _____ | ||
| Net assets | 296,025 | 273,458 | |
| ========== | ========== | ||
| Funds of the charity | 16 & 17 | ||
| Unrestricted funds | 268,988 | 264,869 | |
| Restricted funds | 27,037 | 8,589 | |
| _____ | _____ | ||
| Total charity funds | 296,025 | 273,458 | |
| ========== | ========== |
For the year ended 28 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies.
Approved by the directors and trustees on 27 March 2025 and signed on behalf of the board by:
P Stead Chair of Trustees
The notes on pages 9 to 18 form part of these financial statements
Page 8
MAIN – Taking Autism Personally (Company Limited by Guarantee)
STATEMENT OF CASH FLOWS YEAR ENDED 28 JUNE 2024
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| Notes | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Cash inflow from operating activities | 18 | 86,244 | 33,878 |
| ===== | ===== | ||
| Cash flow from investing activities | |||
| Purchase of tangible fixed assets | (2,278) | (15,466) | |
| Interest received | - | - | |
| ____ | ____ | ||
| Net cash outflow from investing activities | (2,278) | (15,466) | |
| ========= | ========= | ||
| Cash flow from financing activities | |||
| Mortgage repayments | (22,457) | (16,888) | |
| Bounce back loan repayments | (3,088) | (3,088) | |
| _____ | _____ | ||
| Net cash outflow from financing activities | (25,545) | (19,976) | |
| ========== | ========== | ||
| Net increase/(decrease) in cash and cash equivalents | 58,421 | (1,564) | |
| Cash and cash equivalents at start of year | 10,868 | 12,432 | |
| _____ | _____ | ||
| Cash and cash equivalents at end of year | 69,289 | 10,868 | |
| ========== | ========== |
The notes on pages 9 to 18 form part of these financial statements
Page 9
MAIN – Taking Autism Personally (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 JUNE 2024
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1. ACCOUNTING POLICIES
General Information and Basis of Preparation
MAIN – Taking Autism Personally is a private company, limited by guarantee, incorporated in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the Reference and Administrative Details on page 3 of these financial statements. The nature of the charity’s operations and principal activities are to promote and protect the physical and mental health of those affected by autistic spectrum disorders.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention. They are presented in pounds sterling, which is the functional currency of the charity, and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Incoming Resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity, and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources Expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings within the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
Page 10
MAIN – Taking Autism Personally (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 JUNE 2024
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1. ACCOUNTING POLICIES (continued)
Resources Expended (continued)
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Fund Accounting
Unrestricted general funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future projects or commitments.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of a specific appeal or application. Such funds are kept separate from the unrestricted funds of the charity and only related expenditure is charged against them.
Tangible Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other recognised gains and losses, except to the extent that it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 2% straight line Motor vehicles - 25% reducing balance Equipment - 25% straight line
Page 11
MAIN – Taking Autism Personally (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 JUNE 2024 (continued)
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1. ACCOUNTING POLICIES (continued)
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at Bank and in Hand
Cash at bank and cash in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and Provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Defined Contribution Plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting period in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
Going Concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
Page 12
MAIN – Taking Autism Personally (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 JUNE 2024 (continued)
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2. LEGAL STATUS OF THE CHARITY
The charity is a private company limited by guarantee, registered in England and Wales, and has no share capital. The liability of each member in the event of winding up is limited to £10.
3. INCOME FROM DONATIONS AND LEGACIES
| Unrestricted | Funds | Restricted | Funds | Total | Funds | |
|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| Grants | - | 5,000 | 32,781 | 20,000 | 32,781 | 25,000 |
| Donations | 11,621 | 7,296 | - | - | 11,621 | 7,296 |
| ___ | ___ | ___ | ___ | ___ | ___ | |
| 11,621 | 12,296 | 32,781 | 20,000 | 44,402 | 32,296 | |
| ========= | ========= | ========= | ========= | ========= | ========= |
4. INCOME FROM CHARITABLE ACTIVITIES
| Unrestricted | Funds | Restricted | Funds | Total | Funds | |
|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| Clubs and activities | 291,985 | 218,490 | - | - | 291,985 | 218,490 |
| Personal assistant for care | ||||||
| support | 264,134 | 306,884 | - | - | 264,134 | 306,884 |
| Post diagnosis support service | 286,092 | 177,335 | - | - | 286,092 | 177,335 |
| Alternative education | 6,171 | 14,263 | - | - | 6,171 | 14,263 |
| ____ | ____ | ___ | ___ | ____ | ____ | |
| 848,382 | 716,972 | - | - | 848,382 | 716,972 | |
| ========== | ========== | ========= | ========= | ========== | ========== |
5. OTHER INCOME
| OTHER INCOME | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Funds | Restricted | Funds | Total | Funds | |
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| Court restitution | 1,650 | 2,100 | - | - | 1,650 | 2,100 |
| Bad debt recovered | 1,306 | - | - | - | 1,306 | - |
| __ | ___ | ___ | ___ | __ | ___ | |
| 2,956 | 2,100 | - | - | 2,956 | 2,100 | |
| ======= | ======== | ======== | ======== | ======= | ======== |
Page 13
MAIN – Taking Autism Personally (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 JUNE 2024 (continued)
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6. EXPENDITURE ON CHARITABLE ACTIVITIES
| Unrestricted Funds | Unrestricted Funds | Restricted | Funds | Total | Funds | ||
|---|---|---|---|---|---|---|---|
| Costs directly allocated to | Basis of | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 |
| activities | Apportionment | £ | £ | £ | £ | £ | £ |
| Clubs and activities | Direct | 2,012 | 2,149 | 1,740 | 6,000 | 3,752 | 8,149 |
| Clubs and activities venue hire | Direct | 1,530 | 9,525 | 2,100 | - | 3,630 | 9,525 |
| Staff payroll costs | Direct | 401,000 | 446,582 | - | - | 401,000 | 446,582 |
| Staff training | Floor area | 2,279 | 5,264 | - | - | 2,279 | 5,264 |
| Transport, travelling and team | |||||||
| resources | Floor area | 3,050 | 10,935 | - | - | 3,050 | 10,935 |
| Building renovation and | |||||||
| maintenance | Floor area | 697 | - | 5,875 | - | 6,572 | - |
| Other premises costs | Floor area | 28,591 | 22,483 | - | - | 28,591 | 22,483 |
| Rent | Floor area | 8,212 | 7,660 | - | - | 8,212 | 7,660 |
| Office and administration | Floor area | 8,208 | 13,643 | - | - | 8,208 | 13,643 |
| Software and IT expenditure | Floor area | 15,380 | 10,030 | - | - | 15,380 | 10,030 |
| Media and marketing | Floor area | 3,505 | 256 | 375 | - | 3,880 | 256 |
| Building and business | |||||||
| insurance | Floor area | 4,050 | 3,480 | - | - | 4,050 | 3,480 |
| Minibus insurance | Direct | 848 | 886 | - | - | 848 | 886 |
| Interest and other charges | Floor area | 14,254 | 8,117 | - | - | 14,254 | 8,117 |
| Legal and professional | |||||||
| expenses | Direct | 7,187 | 5,843 | - | - | 7,187 | 5,843 |
| Depreciation and impairment | Floor area/direct | 32,609 | 16,198 | - | - | 32,609 | 16,198 |
| Sales ledger adjustments | Direct | 6,442 | 24,802 | - | - | 6,442 | 24,802 |
| Fundraising | Direct | 1,816 | 127 | - | - | 1,816 | 127 |
| Other miscellaneous expenses | Direct | 668 | 914 | - | - | 668 | 914 |
| Support costs | See below | 246,750 | 119,943 | 5,034 | 11,411 | 251,784 | 131,354 |
| Governance costs | See below | 68,961 | 65,285 | - | - | 68,961 | 65,285 |
| _ | _ | ______ | ______ | ______ | ______ | ||
| 858,049 | 774,122 | 15,124 | 17,411 | 873,173 | 791,533 | ||
| ========= | ========= | ======== | ======== | ======== | ======== | ||
| Unrestricted Funds | Restricted | Funds | Total | Funds | |||
| Basis of | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |
| Support costs | Apportionment | £ | £ | £ | £ | £ | £ |
| Staff payroll costs | Direct | 192,638 | 87,445 | 2,951 | - | 195,589 | 87,445 |
| Staff training | Floor area | 760 | 1,755 | - | - | 760 | 1,755 |
| Transport, traveling and team | |||||||
| Resources | Floor area | 1,017 | 3,645 | - | - | 1,017 | 3,645 |
| Building renovation and | Floor area | ||||||
| maintenance | 232 | - | 1,958 | 11,411 | 2,190 | 11,411 | |
| Other premises costs | Floor area | 9,530 | 7,494 | - | - | 9,530 | 7,494 |
| Rent | Floor area | 2,737 | 2,553 | - | - | 2,737 | 2,553 |
| Office and administration | Floor area | 2,736 | 4,548 | - | - | 2,736 | 4,548 |
| Software and IT expenditure | Floor area | 5,127 | 3,343 | - | - | 5,127 | 3,343 |
| Media and marketing | Floor area | 1,168 | 85 | 125 | - | 1,293 | 85 |
| Building and business | |||||||
| insurance | Floor area | 1,350 | 1,160 | - | - | 1,350 | 1,160 |
| Interest and other charges | Floor area | 4,751 | 2,706 | - | - | 4,751 | 2,706 |
| Depreciation and impairment | Floor area/direct | 10,374 | 4,738 | - | - | 10,374 | 4,738 |
| Bank charges | Direct | 371 | 471 | - | - | 371 | 471 |
| Penalties and settlements | Direct | 13,959 | - | - | - | 13,959 | - |
| _ | _ | _____ | ______ | _ | ______ | ||
| 246,750 | 119,943 | 5,034 | 11,411 | 251,784 | 131,354 | ||
| ========= | ========= | ======= | ======== | ========= | ========= |
Page 14
MAIN – Taking Autism Personally (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 JUNE 2024 (continued)
_______________
6. EXPENDITURE ON CHARITABLE ACTIVITIES (continued)
| Unrestricted | Funds | Restricted | Funds | Total | Funds | ||
|---|---|---|---|---|---|---|---|
| Basis of | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |
| Apportionment | £ | £ | £ | £ | £ | £ | |
| Governance costs | |||||||
| Staff payroll costs | Direct | 57,486 | 45,400 | - | - | 57,486 | 45,400 |
| Accountancy and | |||||||
| independent examination | |||||||
| services | Direct | 11,475 | 16,200 | - | - | 11,475 | 16,200 |
| Legal and professional fees | Direct | - | 3,685 | - | - | - | 3,685 |
| ______ | ______ | _____ | _____ | ______ | ______ | ||
| 68,961 | 65,285 | - | - | 68,961 | 65,285 | ||
| ======== | ======== | ====== | ======= | ======== | ======== |
7. NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR
This is stated after charging:
| This is stated after charging: | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Depreciation | 20,081 | 20,936 |
| Impairment provision | 22,900 | - |
| Independent examination and other accountancy fees: | ||
| - external scrutiny | 2,500 | 2,500 |
| - other costs | 7,100 | 13,700 |
| ======== | ======== |
8. STAFF COSTS
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 593,752 | 548,901 |
| Social security costs | 30,198 | 24,051 |
| Employer contributions to pension plans | 7,921 | 6,475 |
| ____ | ____ | |
| 631,871 | 579,427 | |
| ========= | ========= |
The average head-count of employees during the year was 43 (2023: 48).
The total employment benefits, including employer’s pension contributions, of key management personnel were £47,617 (2023: £45,400).
No employee received employee benefits of more than £60,000 during the year (2023: none).
9. PENSION COSTS
The pension costs of £7,921 (2023: £6,475) represent payments to a group defined contribution pension scheme.
Page 15
MAIN – Taking Autism Personally (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 JUNE 2024 (continued)
_______________
10. TRUSTEE REMUNERATION AND EXPENSES
No director/trustee received remuneration from or was reimbursed expenses by the charity for the year under review or the previous year.
11. TAXATION
As a registered charity, MAIN – Taking Autism Personally is exempt from tax on its income under Section 505 of the Taxes Act 1988 provided that such income is applied for charitable purposes only.
12. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|
| Freehold | Motor | |||
| Property | Vehicles | Equipment | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At beginning of year | 475,258 | 33,415 | 63,545 | 572,218 |
| Additions | - | - | 2,278 | 2,278 |
| _____ | ___ | ___ | _____ | |
| At End of Year | 475,258 | 33,415 | 65,823 | 574,496 |
| ========== | ========= | ========= | ========== | |
| Depreciation | ||||
| At beginning of year | 27,853 | 27,467 | 40,304 | 95,624 |
| Charge for the period | 9,505 | 1,487 | 9,089 | 20,081 |
| Impairment provision | 22,900 | - | - | 22,900 |
| ____ | ____ | ____ | _____ | |
| At End of Year | 60,258 | 28,954 | 49,393 | 138,605 |
| ========= | ========= | ========= | ========== | |
| Net Book Value | ||||
| At beginning of year | 447,405 | 5,948 | 23,241 | 476,594 |
| ========== | ======== | ========= | ========== | |
| At end of year | 415,000 | 4,461 | 16,430 | 435,891 |
| ========== | ======== | ========= | ========== |
Freehold Property
The freehold property at Elizabeth Terrace, Middlesbrough, was acquired at a cost of £314,780 (including fees and expenses) on 29 May 2020, with subsequent development expenditure totaling £160,478 through to 28 June 2024. The cumulative costs to date of £475,258 are being depreciated over an estimated useful life of 50 years (2% per annum straight-line). An impairment review was carried out at 28 June 2024 having regard to estimates of market value, useful life and expected residual value. Following this review, an impairment provision of £22,900 has been charged, bringing the carrying value of the property down to £415,000 at 28 June 2024. Further capital improvements and renovations are envisaged before the entire property is operational.
13. DEBTORS
| DEBTORS | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Trade debtors | 98,323 | 114,209 |
| Prepayments and accrued income | 11,659 | 5,608 |
| ____ |
_____ | |
| 109,982 | 119,817 | |
| ========= |
========= |
Page 16
MAIN – Taking Autism Personally (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 JUNE 2024 (continued)
_____________
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts | 8,928 | 16,841 |
| Trade creditors | 5,685 | 9,646 |
| Accruals and deferred income | 35,993 | 21,593 |
| Social security and other taxes | 62,401 | 83,956 |
| Other creditors | 9,970 | - |
| _____ | _____ | |
| 122,977 | 132,036 | |
| ========== | ========== |
15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts | 192,785 | 201,785 |
| Other creditors | 3,375 | - |
| _____ | _____ | |
| 196,160 | 201,785 | |
| ========== | ========== |
The bank mortgage loan totalling £195,193 (2023: £200,738) is secured by a legal charge over the freehold property at Elizabeth Terrace, Middlesbrough.
The above loan is repayable by instalments and includes £159,163 (2023: £167,643) which falls due after more than five years. The loan was advanced in May 2020 at an interest rate margin of 3.75% and a fixed rate premium of 0.15% (total 3.9%) over bank base rate, giving an effective rate of 8.5% at 28 June 2023 and 28 June 2024.
The current fixed rate of 8.5% is due for review in May 2028 and the interest rate margin in May 2030.
The loan is repayable over a 20 year term from May 2020 to May 2040.
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| ANALYSIS OF NET ASSETS BETWEEN | FUNDS | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| £ | £ | £ | |
| Tangible fixed assets | 435,891 | - | 435,891 |
| Other net current assets | 29,257 | 27,037 | 56,294 |
| Long term liabilities | (196,160) | - | (196,160) |
| _____ | ____ | _____ | |
| 268,988 | 27,037 | 296,025 | |
| ========== | ========= | ========== |
Page 17
MAIN – Taking Autism Personally (A Company Limited by Guarantee)
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 JUNE 2024 (continued)
_______________
17. STATEMENT OF FUNDS
| STATEMENT OF FUNDS | |||||
|---|---|---|---|---|---|
| At | |||||
| Beginning | At End of | ||||
| of Year | Income | Expenditure | Transfers | Year | |
| 2024 | £ | £ | £ | £ | £ |
| Unrestricted Funds: | |||||
| General | 264,869 | 862,959 | 858,049 | (791) | 268,988 |
| _____ | _____ | _____ | _____ | _____ | |
| Restricted Funds: | |||||
| Building renovation | 8,589 | 21,281 | 7,833 | - | 22,037 |
| Playground | - | 5,000 | - | - | 5,000 |
| Food and fun | - | 1,500 | 1,500 | - | - |
| Awareness raising and support | - | 5,000 | 5,791 | 791 | - |
| _____ | _____ | _____ | __ | ______ | |
| 8,589 | 32,781 | 15,124 | 791 | 27,037 | |
| _____ | _____ | _____ | __ | ______ | |
| Total Funds | 273,458 | 895,740 | 873,173 | - | 296,025 |
| ========== | ========== | ========== | ======= | ========== | |
| At | |||||
| Beginning | At End of | ||||
| of Year | Income | Expenditure | Transfers | Year | |
| 2023 | £ | £ | £ | £ | £ |
| Unrestricted Funds: | |||||
| General | 302,623 | 731,368 | 774,122 | 5,000 | 264,869 |
| ____ | ____ | ____ | ___ | _____ | |
| Restricted Funds: | |||||
| Building renovation | - | 20,000 | 11,411 | - | 8,589 |
| Laptops | 5,000 | - | - | (5,000) | - |
| Excursions | 5,000 | - | 5,000 | - | - |
| Sensory toys | 1,000 | - | 1,000 | - | - |
| ______ | _____ | ______ | ____ | ______ | |
| 11,000 | 20,000 | 17,411 | (5,000) | 8,589 | |
| ______ | _____ | ______ | ____ | ______ | |
| Total Funds | 313,623 | 751,368 | 791,533 | - | 273,458 |
| ========== | ========== | ========== | ========= | ========== |
Restricted Funds:
Building renovation – Grants have been received in the year from the Wolviston Group and Teesside Family Foundation providing further funding to develop areas within The Finlay Cooper Centre.
Playground – Tees Valley Community Foundation have provided funds towards the development of a playground area at The Finlay Cooper Centre.
Fun and Food – Durham County Council provided funding to support summer holiday activities with healthy food for children and young people with special educational needs and disabilities (SEND).
Awareness raising and support – Inclusion North provided a Small Sparks grant for the provision of peer support, help and advice.
Laptops – Tees Valley Community Foundation provided funding of £5,000 to purchase laptops and screens. Excursions – Durham County Community Foundation provided funding of £5,000 to enable us to take children/young people on excursions and trips.
Sensory Toys – Teesside Charity golden giveaway provided funding of £1,000 to be used towards the acquisition of sensory toys for our lending library.
Page 18
MAIN – Taking Autism Personally (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 JUNE 2024 (continued)
_____________
18. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH INFLOW FROM OPERATING ACTIVITIES
OPERATING ACTIVITIES |
|||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Net income/(expenditure) for year | 22,567 | (40,165) | |
| Loan interest payable | 17,109 | 9,305 | |
| Depreciation | 20,081 | 20,936 | |
| Impairment provision | 22,900 | - | |
| Decrease/(increase) in debtors | 9,835 | 14,589 | |
| Increase/(decrease) in creditors | (6,248) | 29,213 | |
| ____ | ____ | ||
| Net cash inflow from operating activities | 86,244 | 33,878 | |
| ========= | ========= | ||
| ANALYSIS OF CHANGES IN NET DEBT | |||
| At beginning | At end | ||
| of year | Cashflows | of year | |
| £ | £ | £ | |
| Cash at bank and in hand | 10,868 | 58,421 | 69,289 |
| Debt due within one year | (16,841) | 7,913 | (8,928) |
| Debt due after one year | (201,785) | 9,000 | (192,785) |
| ______ | ____ | ______ | |
| (207,758) | 75,334 | (132,424) | |
| =========== | ========= | =========== |