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REPORT OF THE DIRECTORS AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
SMILE FOR LIFE CHILDREN'S CHARITY
SMILE FOR LIFE CHILDREN'S CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 7 |
| Independent Examiner's Report | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 to 11 |
| Cash Flow Statement | 12 |
| Notes to the Financial Statements | 13 to 25 |
| Detailed Statement of Financial Activities | 26 to 28 |
SMILE FOR LIFE CHILDREN'S CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our objectives are to relieve the poverty sickness and distress whether physical, mental or otherwise of children primarily but not exclusively in the regions of the Northeast of England and other areas within the UK as decided by the Trustees from time to time, who are in conditions of need, hardship and distress. The charity is committed to assisting disabled and disadvantaged youngsters by awarding items, services and experiences such as specialist equipment, garden makeovers, therapeutic breaks and residential trips; we strive to ensure that what we provide will enhance a youngster's life and give them the opportunity to smile.
Public benefit
The Trustees have paid due regard to the guidance of the Charity Commission on public benefit in deciding what activities the charity should undertake.
Grantmaking
Applications are reviewed upon receipt to check eligibility; a supporting letter from a professional is also required, explaining how the request will make a difference to the child's life. Wherever possible, a visit to the applicant will be made by a senior member of the team prior to the final assessment. This visit is to aid a valid assessment of the application; to ensure a genuine need is present and that the request is most suitable to fulfil the child's need. Once this criteria is satisfied an acknowledgement letter/email is sent. Those that meet the criteria are taken forward and a written assessment by the CEO is sent by email to the trustees two weeks before their planned meeting. Trustees are given the opportunity to ask any questions or request further information before the forthcoming meeting at which a decision will be made on each application. A decision must be agreed by a majority and a letter of determination is sent to the applicant within 2 weeks of the meeting.
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SMILE FOR LIFE CHILDREN'S CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE Charitable activities
Our charity has evolved and grown greatly during the 15 years since it was established. Our trustees and CEO have recognised changes in society, listened to professionals, parents and carers and researched provision and facilities for young people, thus determining where the gaps are which prevent many disabled youngsters from reaching their full potential. As a result of this research, it is clear that when disabled youngsters prepare to leave education, there is still a significant lack of opportunities and support to help these youngsters as they move into adulthood, meaningful voluntary roles and indeed, paid employment. This is due to many factors; lack of awareness and understanding amongst employers meaning new appointments quite often fail in the early days, lack of support for young people during their transition from education, very few opportunities to gain work experience and confidence for youngsters with additional needs and the lack of suitable roles available in the local jobs market. As a direct result of this need, Café Beam was established in 2014 on our small premises in Gosforth; a real workplace where we could offer placements to youngsters with disabilities and learning difficulties who needed support with their transition from education into the world of work. Café Beam provides the correct environment for young people - providing trained volunteer mentors and staff to oversee, support and teach skills, knowledge and confidence required for many different work tasks. Café Beam has grown considerably as it enters it's 10th year, and we now work with more than 30 educational partners and many parents, carers and agencies, who are passionate about their youngsters reaching their full potential. This has resulted in hundreds of youngsters enjoying a meaningful work placement in Café Beam, (Gosforth and Ouseburn Farm) and on our allotment in South Gosforth, which we obtained in 2020.
The outcomes have been wide and varied: all of the youngsters have learned new skills which are transferable to many workplaces, they have gained real life work experience through maintaining high standards of customer service, handling money, taking orders using modern technology, and communicating effectively with colleagues and customers. Every young person on work placement is supported by trained staff and volunteers. Volunteers are fundamental to the success of Café Beam and indeed the development of the youngster they support - the relationship is one of trust, understanding and support as they guide youngsters in all elements of their café role. In addition to this, our volunteers bring a wealth of experience and knowledge from a range of careers and roles in the community. The increase in confidence of so many youngsters is almost tangible as they become motivated to travel independently, look after their uniform and take responsibility to arrive for work on time to carry out their role in a professional manner, often leading to paid employment or meaningful voluntary work following completion of their placement. Social isolation has been reduced for these youngsters as they enjoy consistent interaction with others which in turn has huge benefits on mental health.
Our campaign, Empower and Employ enjoyed a second seminar in September 2023 - more than 40 guests attended and listened to Phillippa Chaplin, Educator in Neurodivergence, about behaviours and strategies to use in the workplace to support colleagues and potentially new members of staff. The audience heard from some of young people and clearly saw and heard about the skills, qualifications and aspiration to work, which they are so passionate about.
Following 12 months of research and planning reported in last years annual update - we were delighted to open our second Café Beam on the premises of the wonderful charity, Ouseburn Farm, in March 2023. This Café Beam has recently celebrated its 1st Birthday and has made a huge impact on so many young people enjoying work placement opportunities. We are delighted to report that Café Beam @ Ouseburn Farm has created 42 weekly work placements for youngsters with additional needs and 3 paid roles for young people who have completed their work placement at Café Beam Gosforth. We have recruited 30 new volunteers who have completed training in café operations, health and safety, safeguarding, coffee preparation and 'our customer journey', to enable them to provide first class and tailored support and guidance to all of the youngsters they work with.
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SMILE FOR LIFE CHILDREN'S CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
We would like to say a special thank you to the funders who supported us in establishing and developing Café Beam @ Ouseburn Farm - Ballinger Trust, Badur Foundation, LGA Foundation, and The Newcastle Youth Fund.
This year we have also established and grown our other core activities.
Our Tuesday Youth Club has seen an increase in regular participants, providing a safe and welcoming environment for many youngsters with social anxiety and learning difficulties and has successfully helped them to integrate with our group and form friendships, often for the first time in their lives. Parents have reported a huge improvement in mental health and motivation through attending the club and the day trips associated with it. Our successful partnership with the Newcastle United Foundation means we can also build upon inclusivity and teamworking in our active session, and help youngsters see and feel improvements in physical and emotional health.
Our annual residential activity weekend was held at Broomley Grange Outdoor Activity Centre in Stocksfield Northumberland. 25 youngsters enjoyed a fully supported weekend of challenges such as climbing, bushcraft, archery and teambuilding - establishing new friendships and enjoying fun, social time together- reducing social isolation for so many youngsters with disabilities.
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SMILE FOR LIFE CHILDREN'S CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
Our Trustees were delighted to continue our Grants programme this year, providing support for individual children in our region who could greatly benefit from specialist equipment, short breaks, wonderful experiences or help to make their homes and garden accessible.
Our plans for the coming year are to build upon the progress of our young people and their work skills and confidence as the leave us and move into the next stage of their lives. We are seeking funding to engage a Work Development Officer who will work closely with individuals to research the jobs market, create CVs, write applications and learn interview techniques. This member of staff will also be available to accompany youngsters into the workplace to ensure employers are equipped with the correct knowledge and strategies to make the appointment a success.
We are committed to investing in our staff and volunteers as they build upon their experience working with a wider range of youngsters with more complex issues and needs, ensuring our work placements are inclusive and accessible to all. We will provide guidance and advice to young people and their families through our work with external agencies e.g. DWP, Streetwise - as we host workshops about subjects such as Healthy Relationships and Access to Work funding, and we will expand our Challenge Programme as we embark upon shorter UK Challenges in the Lake District and The Yorkshire Dales, ensuring they are available and achievable by all youngsters we work with. These Challenge activities are very successful for building confidence and independence in youngsters who may not have travelled away from home before without parents. It establishes wonderful friendships and provides a sense of belonging to so many, and it demonstrates wat can be achieved both emotionally and physically with the correct support, boosting self-esteem and aspirations.
Thank you to everyone who has helped us achieve such amazing things this year and we look forward to sharing our stories and successes which you will help our youngsters to reach in the coming year.
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SMILE FOR LIFE CHILDREN'S CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Financial position
As part of our financial strategy, focus has remained on engaging with funders and our income from Trusts and Foundations has continued to grow this year as strong relationships have been established. We aim to maintain funds to cover four months' running costs within the charity's bank accounts.
Whilst we budgeted to make a small deficit in the year to 31 March 2024 the final deficit figure of £70k was much larger than we had anticipated. The following were the significant variances against budget.
Ouseburn Farm Placement Deficit £21.8k . Income was £32k against a budget of £53.8K. Deficit of £21.8k. This was our first year of trading at Ouseburn Farm Café, with it taking a few months longer than anticipated to establish the level of placement up take we had budgeted.
Note - Placement income is now back on track with £42k billed from April 2024 to December 2024-equating to £56k per annum.
Café Sales deficit £6k , due to budgeting error during period café closed due to overseas challenges.
This is now built into future budgets
Gift aid £2k deficit, due claims still to be submitted at year end. This income is retrievable.
We took a strategic decision early in the financial year (after budget set) to i nvest £20k of our reserves in taking up the opportunity of developing our overseas challenges programme. This resulted in some additional one -off UK challenges being necessary to prepare young people for a more difficult overseas challenge. Future challenges are and will be funded by participants or charitable trust funding/sponsorship.
We were unexpectedly required to update our Computer & IT systems at a cost £5.5K (new system not in budget).
Staff costs deficit £12.8k due to additional programme delivery and (not anticipated) use of agencies staff in our kitchens. This position has now been addressed by introducing an appropriate increase staff kitchen hours.
The board is confident that the charity is now in a strong financial position to continue to meet, and consider furthering, our primary aims.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The Charity is constituted as a company limited by guarantee as from 2nd June 2009 and is therefore governed by a Memorandum and Articles of Association.
Recruitment and appointment of new trustees
New Trustees can be proposed by any existing Trustees or by a senior member of staff. Each proposed Trustee is then considered by the existing board of Trustees and appointment is only made after the existing Trustees have voted on the appointment.
Organisational structure
The Governance of Smile For Life is through a bi-monthly trustee meeting, where key decisions on the future of the charity are taken by the Trustees and CEO. On a day to day basis, the running of the charity is managed by the Chief Executive. The Chief Executive also acts as line manager to other permanent and temporary staff employed.
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SMILE FOR LIFE CHILDREN'S CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
Our Trustees completed a thorough policy review this year, ensuring our policies and procedures are robust and appropriate in our changing environment. Our CEO will continue to ensure all policies are kept up to date and regularly reviewed and agreed throughout the coming year by our Board of Trustees.
The Trustees and Chief Executive have undertaken a review of the major risks to which the charity is exposed. Systems designed and implemented to mitigate those risks have been considered and put into place where necessary. This review will be undertaken annually.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06913129 (England and Wales)
Registered Charity number
1129935
Registered office
The Old Fire Station 234-236 High Street Gosforth Newcastle upon Tyne NE3 1HH
Trustees
Margery Gledson Chair Nigel Coates Jan Welbury Alison Proudfoot
Chief executive
Paula Gascoigne
Independent Examiner
Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF
Bankers
Barclays Bank plc Front Street Prudhoe Northumberland NE42 5PU
Approved by order of the board of trustees on 28 January 2025 and signed on its behalf by:
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SMILE FOR LIFE CHILDREN'S CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
................................................................. Mrs M Gledson - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SMILE FOR LIFE CHILDREN'S CHARITY
Independent examiner's report to the trustees of Smile For Life Children's Charity ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's 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 charity'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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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:
-
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.
Nicholas Liley FCA
The Institute of Chartered Accountants in England and Wales
Read, Milburn & Co North Shields
Date: 29 January 2025
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SMILE FOR LIFE CHILDREN'S CHARITY
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 116,897 Charitable activities 5 Grant income 105,390 Charitable activities 10,274 Other trading activities 3 260,696 Investment income 4 901 Other income 643 Total 494,801 EXPENDITURE ON Raising funds Raising donations and legacies 6 30,207 Other trading activities 7 371,702 401,909 Charitable activities 8 Staff costs 66,755 Premises expenses 61,197 Grants payable 3,253 Accountancy charges - Activity expenditure 9,287 Training 701 Total 543,102 NET INCOME/(EXPENDITURE) (48,301) Transfers between funds 19 (20,225) Net movement in funds (68,526) RECONCILIATION OF FUNDS Total funds brought forward 128,108 TOTAL FUNDS CARRIED FORWARD 59,582 |
Restricted funds £ - 19,347 64,955 - - - 84,302 - 4,684 4,684 15,000 - - - 88,402 - 108,086 (23,784) 20,225 (3,559) 3,559 - |
2024 Total funds £ 116,897 124,737 75,229 260,696 901 643 579,103 30,207 376,386 406,593 81,755 61,197 3,253 - 97,689 701 651,188 (72,085) - (72,085) 131,667 59,582 |
2023 Total funds £ 94,379 85,677 40,641 154,263 222 - 375,182 36,040 155,067 191,107 76,475 47,428 7,483 1,374 52,099 1,319 377,285 (2,103) - (2,103) 133,770 131,667 |
|---|---|---|---|
The notes form part of these financial statements
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SMILE FOR LIFE CHILDREN'S CHARITY
BALANCE SHEET 31 MARCH 2024
| Notes FIXED ASSETS Tangible assets 15 CURRENT ASSETS Debtors 16 Cash at bank and in hand CREDITORS Amounts falling due within one year 17 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 19 Unrestricted funds Restricted funds TOTAL FUNDS |
2024 £ 2,559 17,123 45,375 62,498 (5,475) 57,023 59,582 59,582 59,582 - 59,582 |
2023 £ 3,838 20,328 133,014 153,342 (25,513) 127,829 131,667 131,667 128,108 3,559 131,667 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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SMILE FOR LIFE CHILDREN'S CHARITY
BALANCE SHEET - continued 31 MARCH 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 28 January 2025 and were signed on its behalf by:
............................................. Mrs M Gledson - Trustee
The notes form part of these financial statements
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SMILE FOR LIFE CHILDREN'S CHARITY
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
| Notes Cash flows from operating activities Cash generated from operations 21 Net cash (used in)/provided by operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2024 £ (88,540) (88,540) 901 901 (87,639) 133,014 45,375 |
2023 £ 2,655 2,655 222 222 2,877 130,137 133,014 |
|---|---|---|
The notes form part of these financial statements
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SMILE FOR LIFE CHILDREN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest £.
Going Concern
The financial statements are prepared on the going concern basis. In the opinion of trustees, no material uncertainties exist about the charity's ability to continue.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost Computer equipment - 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for 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.
continued...
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SMILE FOR LIFE CHILDREN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial instruments
All financial assets and financial liabilities of the charity qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
| 2. DONATIONS AND LEGACIES Donations Gift aid Placements - café 3. OTHER TRADING ACTIVITIES Fundraising events Cafe Beam income 4. INVESTMENT INCOME Deposit account interest |
2024 £ 43,228 10,153 63,516 116,897 2024 £ 40,736 219,960 260,696 2024 £ 901 |
2023 £ 60,216 583 33,580 94,379 2023 £ 54,659 99,604 154,263 2023 £ 222 |
|---|---|---|
continued...
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SMILE FOR LIFE CHILDREN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
| 5. INCOME FROM CHARITABLE ACTIVITIES Activity Grants Grant income Charitable activities Charitable activities Grants received, included in the above, are as follows: The Joicey Trust St James Place Foundation The Hedley Foundation Ballinger Charitable Trust Scholefield Trust Community Foundation Greggs Foundation Northumberland Children's Trust Sir James Knott Trust Children in Need Hadrian Trust Newcastle City Council The Edward Gostling Foundation Garfield Weston Foundation LGA Foundation The Badur Foundation Education and Skills Funding Agency NE Youth Fund Vonne Connected Voice Neighbourly Foundation-Sainsburys The Barbour Foundation Hospital of God Greatham The Alpkit Foundation Groundworks UK - Tesco Lloyds Bank Foundation Leslie & Lilian Manning Charitable Trust Bauer Radio - Cash for Kids J H Rausing Trust |
2024 £ 124,737 75,229 199,966 2024 £ - 2,500 2,372 40,000 - 11,600 15,000 - 12,500 - - 20,640 - - - 10,000 - - - - - 2,000 1,000 150 1,125 250 1,250 350 4,000 124,737 |
2023 £ 85,677 40,641 126,318 2023 £ 3,300 - - - 760 9,994 - 5,000 - 8,010 1,000 13,103 5,000 20,000 6,500 4,810 3,000 400 1,200 3,100 500 - - - - - - - - 85,677 |
|---|---|---|
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SMILE FOR LIFE CHILDREN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
6. RAISING DONATIONS AND LEGACIES
| Fundraising 7. OTHER TRADING ACTIVITIES Purchases Staff costs Licensing Café support workers Training Repairs and equipment Printing and stationery Cleaning and sundries Volunteers expenses Travel expenses Professional fees Café set-up costs Light and heat Telephone Bank charges |
2024 £ 30,207 2024 £ 122,711 205,377 726 2,162 179 29,099 770 3,812 208 500 4,075 - 6,392 130 245 376,386 |
|
|---|---|---|
8. CHARITABLE ACTIVITIES COSTS
| Staff costs Premises expenses Grants payable Activity expenditure Training |
Direct Costs £ 57,034 - - 97,689 701 155,424 |
Grant funding of activities (see note 9) £ - - 3,253 - - 3,253 |
Support costs (see note 10) £ 24,721 61,197 - - - 85,918 |
Totals £ 81,755 61,197 3,253 97,689 701 244,595 |
|---|---|---|---|---|
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SMILE FOR LIFE CHILDREN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
| 9. GRANTS PAYABLE 2024 £ Grants payable 3,253 The total grants paid to institutions during the year was as follows: 2024 £ Sir Charles Parsons School 151 The total grants paid to individuals during the year was as follows: 2024 £ To enhance the lives of disabled and disadvantaged individuals 3,102 10. SUPPORT COSTS Governance Management costs £ £ Staff costs 24,721 - Premises expenses 59,817 1,380 84,538 1,380 Support costs, included in the above, are as follows: 2024 Staff Premises Total costs expenses activities £ £ £ Wages 22,851 - 22,851 Social security 1,312 - 1,312 Pensions 558 - 558 Rent, rates and water - 18,788 18,788 Insurance - 3,631 3,631 Light and heat - 8,161 8,161 Telephone and broadband - 1,586 1,586 Printing, post and stationery - 3,163 3,163 Miscellaneous expenses - - - Affiliations and membership fees - 698 698 Repairs and maintenance - 4,191 4,191 Computer and IT costs - 7,076 7,076 Bank charges - 668 668 Carried forward 24,721 47,962 72,683 |
2023 £ 7,483 2023 £ - 2023 £ 7,483 Totals £ 24,721 61,197 85,918 2023 Total activities £ 27,165 98 490 16,203 2,874 5,900 1,962 2,091 193 602 3,957 2,045 525 64,105 |
|---|---|
continued...
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SMILE FOR LIFE CHILDREN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
10. SUPPORT COSTS - continued
| SUPPORT COSTS - continued | ||||
|---|---|---|---|---|
| Brought forward Professional fees Bad debts Depreciation of tangible and heritage assets Accountancy charges |
Staff costs £ 24,721 - - - - 24,721 |
Premises expenses £ 47,962 8,485 2,091 1,279 1,380 61,197 |
2024 Total activities £ 72,683 8,485 2,091 1,279 1,380 85,918 |
2023 Total activitie £ 64,105 9,797 - 1,279 1,374 |
| 76,555 |
11. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Accountancy charges Depreciation - owned assets |
2024 £ 1,380 1,279 |
2023 £ 1,374 1,279 |
|---|---|---|
12. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
13. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| Wages and salaries Social security costs Other pension costs |
2024 £ 268,192 13,205 5,735 287,132 |
2023 £ 145,689 5,457 3,444 |
| 154,590 |
The charity's key management personnel comprise the Trustees and Chief Executive. The total employee benefits including social security of the key management personnel were £57,034 (2023 - £48,722).
continued...
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SMILE FOR LIFE CHILDREN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
13. STAFF COSTS - continued
The average monthly number of employees during the year was as follows:
| 2024 Management 1 Other 19 20 No employees received emoluments in excess of £60,000. 14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 94,379 - Charitable activities Grant income 69,707 15,970 Charitable activities 40,641 - Other trading activities 154,263 - Investment income 222 - Total 359,212 15,970 EXPENDITURE ON Raising funds Raising donations and legacies 36,040 - Other trading activities 144,558 10,509 180,598 10,509 Charitable activities Staff costs 73,475 3,000 Premises expenses 47,428 - Grants payable 7,483 - Accountancy charges 1,374 - Activity expenditure 43,736 8,363 Training 1,319 - Total 355,413 21,872 NET INCOME/(EXPENDITURE) 3,799 (5,902) Transfers between funds (16) 16 Net movement in funds 3,783 (5,886) |
2023 1 7 8 Total funds £ 94,379 85,677 40,641 154,263 222 375,182 36,040 155,067 191,107 76,475 47,428 7,483 1,374 52,099 1,319 377,285 (2,103) - (2,103) |
|---|---|
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SMILE FOR LIFE CHILDREN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
| 14. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 124,325 | 9,445 | 133,770 | |
| TOTAL FUNDS CARRIED | ||||
| FORWARD | 128,108 | 3,559 | 131,667 | |
| 15. | TANGIBLE FIXED ASSETS | |||
| Fixtures | ||||
| and | Computer | |||
| fittings | equipment | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 April 2023 and 31 March 2024 | 6,838 | 997 | 7,835 | |
| DEPRECIATION | ||||
| At 1 April 2023 | 3,000 | 997 | 3,997 | |
| Charge for year | 1,279 | - | 1,279 | |
| At 31 March 2024 | 4,279 | 997 | 5,276 | |
| NET BOOK VALUE | ||||
| At 31 March 2024 | 2,559 | - | 2,559 | |
| At 31 March 2023 | 3,838 | - | 3,838 | |
| 16. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Trade debtors | 11,785 | 7,260 | ||
| Other debtors | 5,338 | 13,068 | ||
| 17,123 | 20,328 |
continued...
Page 20
SMILE FOR LIFE CHILDREN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Social security and other taxes Accruals and deferred income 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS |
2024 £ 4,095 1,380 5,475 |
2023 £ 3,289 22,224 |
|---|---|---|
| 25,513 | ||
| Unrestricted funds £ Fixed assets 2,559 Current assets 62,498 Current liabilities (5,475) 59,582 19. MOVEMENT IN FUNDS At 1/4/23 £ Unrestricted funds General fund 128,108 Designated - Cafe Beam Project - Designated - Cafe Beam-Ouseburn Farm - 128,108 Restricted funds Young People's Activities - Challenge Days - Cafe Apprentice 3,559 November Weekend Residential - 3,559 TOTAL FUNDS 131,667 |
Restricted funds £ - - - - Net movement in funds £ 5,837 (13,980) (40,158) (48,301) (17,799) (675) (3,559) (1,751) (23,784) (72,085) |
2024 Total funds £ 2,559 62,498 (5,475) 59,582 Transfers between funds £ (74,363) 13,980 40,158 (20,225) 17,799 675 - 1,751 20,225 - |
2023 Total funds £ 3,838 153,342 (25,513) 131,667 At 31/3/24 £ 59,582 - - 59,582 - - - - - 59,582 |
|---|---|---|---|
continued...
Page 21
SMILE FOR LIFE CHILDREN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
19. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Designated - Cafe Beam Project Designated - Cafe Beam-Ouseburn Farm Restricted funds Young People's Activities Challenge Days Cafe Apprentice Administration Wages November Weekend Residential TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Designated - Cafe Beam Project Restricted funds Equipment Allotment Cafe Apprentice TOTAL FUNDS |
At 1/4/22 £ 124,325 - 124,325 604 635 8,206 9,445 133,770 |
Incoming resources £ 177,237 138,255 179,309 494,801 62,275 - 1,125 15,000 5,902 84,302 579,103 Net movement in funds £ 8,396 (4,597) 3,799 (1,052) (203) (4,647) (5,902) (2,103) |
Resources Movement expended in funds £ £ (171,400) 5,837 (152,235) (13,980) (219,467) (40,158) (543,102) (48,301) (80,074) (17,799) (675) (675) (4,684) (3,559) (15,000) - (7,653) (1,751) (108,086) (23,784) (651,188) (72,085) Transfers between At funds 31/3/23 £ £ (4,613) 128,108 4,597 - (16) 128,108 448 - (432) - - 3,559 16 3,559 - 131,667 |
|---|---|---|---|
continued...
Page 22
SMILE FOR LIFE CHILDREN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
19. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Designated - Cafe Beam Project Restricted funds Young People's Activities Equipment Challenge Days Allotment Cafe Apprentice Office Apprentice TOTAL FUNDS |
Incoming resources £ 219,251 139,961 359,212 900 - 7,260 - 4,810 3,000 15,970 375,182 |
Resources Movement expended in funds £ £ (210,855) 8,396 (144,558) (4,597) (355,413) 3,799 (900) - (1,052) (1,052) (7,260) - (203) (203) (9,457) (4,647) (3,000) - (21,872) (5,902) (377,285) (2,103) |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Designated - Cafe Beam Project Designated - Cafe Beam-Ouseburn Farm Restricted funds Young People's Activities Challenge Days Cafe Apprentice November Weekend Residential TOTAL FUNDS |
At 1/4/22 £ 124,325 - - 124,325 - - 8,206 - 8,206 133,770 |
Net movement in funds £ 14,233 (18,577) (40,158) (44,502) (17,799) (675) (8,206) (1,751) (28,431) (74,188) |
Transfers between funds £ (78,976) 18,577 40,158 (20,241) 17,799 675 - 1,751 20,225 - |
At 31/3/24 £ 59,582 - - 59,582 - - - - - 59,582 |
|---|---|---|---|---|
continued...
Page 23
SMILE FOR LIFE CHILDREN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
19. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Designated - Cafe Beam Project Designated - Cafe Beam-Ouseburn Farm Restricted funds Young People's Activities Challenge Days Cafe Apprentice Administration Wages November Weekend Residential TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 396,488 (382,255) 14,233 278,216 (296,793) (18,577) 179,309 (219,467) (40,158) 854,013 (898,515) (44,502) 63,175 (80,974) (17,799) 7,260 (7,935) (675) 5,935 (14,141) (8,206) 15,000 (15,000) - 5,902 (7,653) (1,751) 97,272 (125,703) (28,431) 954,285 (1,028,473) (74,188) |
|---|---|
Restricted funds
Young people's activities
The Bauer Radio-Cash for Kids Fund provided a grant of £350 towards Young Peoples Activities and the Community Foundation provided £500 for World Kindness Day.
Challenge Days
Were funded by fundraising events.
Café Beam Apprenticeship
Groundworks UK-Tesco funded a chef apprenticeship for the Café Beam.
Administration wages
The Greggs Foundation will provide 3 years funding for administration salaries from their North East Core Funding Grants Programme.
November weekend residential
The Hedley Foundation provided funding for a 2 nights residential at Bromley Grange Activity Centre for 20 young people with learning difficulties.
Transfers between funds
Transfers between funds comprise management costs and remaining funds on the completion of a project. Unrestricted funds are transferred to cover any funding deficits.
continued...
Page 24
SMILE FOR LIFE CHILDREN'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
20. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
21. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Decrease/(increase) in debtors (Decrease)/increase in creditors Net cash (used in)/provided by operations |
2024 £ (72,085) 1,279 (901) 3,205 (20,038) (88,540) |
2023 £ (2,103) 1,279 (222) (11,592) 15,293 2,655 |
|---|---|---|
22. ANALYSIS OF CHANGES IN NET FUNDS
| At 1/4/23 | Cash flow | At 31/3/24 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 133,014 | (87,639) | 45,375 |
| 133,014 | (87,639) | 45,375 | |
| Total | 133,014 | (87,639) | 45,375 |
23. SHARE CAPITAL
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £1.
Page 25
SMILE FOR LIFE CHILDREN'S CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Placements - café Other trading activities Fundraising events Cafe Beam income Investment income Deposit account interest Charitable activities Charitable activities Grants Other income Miscellaneous income Total incoming resources EXPENDITURE Raising donations and legacies Fundraising Other trading activities Purchases Wages Social security Pensions Licensing Café support workers Training Carried forward |
2024 £ 43,228 10,153 63,516 116,897 40,736 219,960 260,696 901 75,229 124,737 199,966 643 579,103 30,207 122,711 194,047 7,692 3,638 726 2,162 179 331,155 |
2023 £ 60,216 583 33,580 94,379 54,659 99,604 154,263 222 40,641 85,677 126,318 - 375,182 36,040 50,087 73,825 2,677 1,613 491 - 168 128,861 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 26
SMILE FOR LIFE CHILDREN'S CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Other trading activities Brought forward Repairs and equipment Printing and stationery Cleaning and sundries Volunteers expenses Travel expenses Professional fees Café set-up costs Light and heat Telephone Bank charges Charitable activities Wages Social security Pensions PR and marketing Travel and subsistence Challenge days Activities for young people Training and development Volunteer expenses Grants to institutions Grants to individuals Support costs Management Wages Social security Pensions Rent, rates and water Insurance Light and heat Telephone and broadband Printing, post and stationery Miscellaneous expenses Affiliations and membership fees Repairs and maintenance Computer and IT costs Carried forward |
2024 £ 331,155 29,099 770 3,812 208 500 4,075 - 6,392 130 245 376,386 51,294 4,201 1,539 2,915 978 675 92,299 701 822 151 3,102 158,677 22,851 1,312 558 18,788 3,631 8,161 1,586 3,163 - 698 4,191 7,076 72,015 |
2023 £ 128,861 10,706 745 2,260 200 - 524 11,771 - - - 155,067 44,699 2,682 1,341 5,113 602 830 45,209 1,319 345 - 7,483 109,623 27,165 98 490 16,203 2,874 5,900 1,962 2,091 193 602 3,957 2,045 63,580 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 27
SMILE FOR LIFE CHILDREN'S CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Management Brought forward Bank charges Professional fees Bad debts Fixtures and fittings Governance costs Accountancy charges Total resources expended Net expenditure |
2024 £ 72,015 668 8,485 2,091 1,279 84,538 1,380 651,188 (72,085) |
2023 £ 63,580 525 9,797 - 1,279 75,181 1,374 377,285 (2,103) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 28