Registered charity number: 1130400 Company number= 06757798 Share Psychotherapy ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS For the year ended 31 March 2024
Share Psychotherapy Contents Page Trustees, annual report Independent examiner's report io Statement of financial activities li Balance sheet 12 Notes to the accounts 13-17
Share Psychotherapy Trustees. annual report For the year ended 31 March 2024 The Trustees, who are also Directors of the Company for the purposes of the Companies Act, present this Annual Report and Financial Statements of the company for the year ended 31 March 2024. The Trustees confirm that the Annual Report and Financial Statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting bv Charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (second edition). the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and with the Charities Act 2011. Objectives. artivities and public benefit The objective of the charity is to promote good mental health for the public benefit by the provision of psychotherapy and counselling for those who are unable to afford it through lack of means or who are otherwise in need. A substantial proportion of our clients endure severe and complex mental health difficulties. needing therapy for up to two years and are in either low paid employment. on benefits or students. The importance of Share's work within the ShefField community is increasingly evident in the continued rise in demand for medium to long-term therapy. In defining our aims and carrying them out, the Trustees have full regard to the guidance published by the Charities Commission on public benefft, and in particularwith regards to fee charging. We will address below the work undertaken in the last twelve months on these areas. along with a general overview of Share's performance in 2023124. Achievements and Perforn)ance Share provided a full face-t(Fface service during 23124. delivering some 3,960 hours of therapy, compared with 3,730 hours in the previous year- an increase of 200 hours. Share's fees range from £5 to £50 and each client is assessed based on a their individual circumstances. A low average fee of £15 suggests we are meeting our goal of providing therapyto those who could not afford it privately. Clients. abilityto pay is extremely low. Out of 129 clients who were receiving therapy throughout 2023-24, 24% paid £10 or under per session and 69% paid £15 or under per session. Only 5% paid £40 & 2% paid £50 per session. Our client base has been hit disproportionally by the cost-of-living crisTS Wlth the cost of delivering one therapy session far outstripping the fees clients can afford to pay. With the cost-of-living crisis severely impacting people's expenditures. we have had to reintroduce fee reductions and agree to lowering fees of existing clients and in some cases write of arrears.
Share Psychotherapy Trustees. annual report- continued For the year ended 31 March 2024 We have seen changes in the profile of people seeking therapy wilh 28% being under the age of 25 years old & in training or in studies. There is also an increasing number of clients presenting with autism and neurodiversity. We have had to close the service to new applicants when the waiting list has exceeded 100. The Board made this decision totemporary close on the recommendations of the Clinical Lead due to the increased level of risk involved in reviewing & managing those clients waiting for therapy. Jon Martyn, our Clinical Lead. made a substantive impact on the recruitment of both trainee and qualified volunteer therapists and we ended the year with forty-one therapists: 11 qualified therapists and 30 trainee therapists. Emma Gray Senior Therapist contract was extended to 2 days and provided welcome support to Jon delivering assessments, seeing clients with more complex mental heahh issues and assisting with fund raising. This enabled us to return to normal activity levels and at the end of March 2024. we had 101 clients in therapy and 91 on the waiting list. Furthermore, Share has been proactive as to how we can scale our services to meeting the needs of the commonities that we serve in Sheffield. As an organisation that works at the interface between poverty and mental health, we want to ensure that we are reaching the people who rnost need and can most benefit from our service. Our SeniorTherapist has been actively exploring the possibility of partnering with the Primary Care Trusts, to expand our work to better target the needs of communities who may not be reached by our current Service. A big impact on Share's finances in 23/24 was the move to our new premises at 19 Paradise Square. Protracted negotiations with the landlords of Wilkinson Street to exit the lease and finalising our new lease incurred higher costs than originally anticipated. This was compounded by a loss of activity and thus income through closure of face-to-face therapy whilst the move was undertaken & the building made safe for occupancy. Since moving into the premise5, we have had to review health and safety policies which has incurred additional costs to meet mandatory fire regulations etc. Our Operation3 Manager Catherine Millr055 wa5 instrumental in managing the move with at least disruption as possibleto our clients and therapists. Steve Wood. trustee, provided much needed advice and support negotiating the'terms and conditions of the new lease and wa5 the go-between Share and the landlords agent. Our operations manager, office manager and Administrator left in Dec / January. This was an extremely unsettling time for Share and we carried out exit interviews to understand the reasons behind the staff departures. The board developed a recovery plan in January 2024 that sought to address both staffing and financial challenges.
Share Psychotherapy Trustees. annual report - continued For the year ended 31 March 2024 We were fortunate to appoint a new OFFice Manager in January 24 who has had a stabilizing effect providing excellent support to our Clinical team and Volunteer Therapists along with reviewing our systems and streamlining processes. Becomin a Centre of Excellence in P chothera Thera eutic Culture and Develo in a Stron Learnin and The clinical team provided clinical leadership to the 41 therapists ensuring safe & effective practice achieving positive client outcomes. The clinical risk register collates clients we consider in need of monitoring, signifying the clients that are at risk of dangerously acting upon their distress. This does not give a true reflection of distress however, as so many of our clients are learning to hold onto and live with it, within the bounds of the therapeutic relationship. While therapists are limited to the weekly hours lon average each therapist sees 3 clients per week) that they offer their clients, the roles of associates, seniortherapist and clinical lead give Share the opportunity to provide psychological holding to clients who fall into crisis. For the most part. this takes the form of ad-hoc conversations with therapists, to help them to hold and contain their clienys distress, but there are times when further actions are required. We continued to see a rise in complex mental health referrals and 11 clients were placed on our clinical risk register and Share worked closelywith other agencies to manage the risks and safeguard them. Considering these trends, the Clinical Lead has led the team in reviewing Share's assessment procedures and policies and reassessed the limits of therapy. A review of Risk and safeguarding policies have also been undertaken, ensuring that high standards of clinical governance are maintained. There has been difFiculty recruiting qualified volunteertherapistswhich, in the context of high demand for their services following the pandemic and the impact of inflation and stagnant wages (aka the c05t-of-living crisis) will probably continue to be a barrier to therapist5 being available to volunteer their time. With this. Share has had to be more reliant upon trainee therapists, which has a knock-on impact upon the complexity of mental health presentations in clients that Share is able support. As part of our culture of continuous learning and developing. we are supporting the Clinical Lead in his EMDR training so that we can offer this specialist trauma treatment to our clients. Share also re*stabli5hed a CPD programme in 23124. with several major events being held face- tfrface every 6 weeks throughout the year including training in Autism & Neuro- diversity. -U5ing miniature5 in Therapf. -Lived experience of DID" & Counselling people with eczema" all of which have been well atiended. We prioritize places to our trainees and therapists but also offer spare places to other organiiations for a small fee. which generates income to cover room hire etc.
Share Psychotherapy Trustee< annual report- continued For the year ended 31 March 2024 Workin closel with the statuto and VCF sectors We contributed for the first time to Sheffield's Workforce Planning submission in 22123 and continue to work with the Workforce Planning Lead for South Yorkshire. NHS England, and the ICB to explore funding opportunities forourwork training mental health practitioners and contributing to the workforce in Sheffield & South Yorkshire A Co-chair attends the monthly Sheffield Psychology Board. on which both VCF and Statutory services are represented. to ensure that Share is well informed and can contribute to a district wide approach to the provision of psychotherapy servi5 across Sheffield. Our Senior Therapist and Operations Manager have attended meetings held by the Rethink Alliance, as well as explored partnership with Primary Care Transformation Groups. Moreover, we continued to provide SOAR with supervision on a quarterly basis to support their staff support group for their complex community work in Parson5 Cross. This is done by our Clinical Lead and started in early 23/24. Also. one of Share's Associates provides monthly staff supervision group at Cavendish House. Develo in our staffin tems and infrastrurture The move to new premises has taken up all capacity and indeed available budget under this objective. After exploring various options across the city, an appropriate and affordable opportunity presented itself in late February/ early March at 19 Paradise Square. Negotiations with the landlord started and heads of terms began to be negotiated in the final weeks of 22123. There were however delays in agreeing the new lease. which tneant that we had to extend our existing lease to end of May 23. Following renovations at the new office, Share moved premises in June 2023. Under the terms of the old Repair and Maintenance Lease, a survey of the property by the landlords in early 2023 led to Share being liable tD pay for major repair c05t5, including external works which had not been anticipated and incurred costs of almost £20,000. Although this has been a challenging period for Share we are thankful we took the decision to move and are now secure in the knowledge that we have a fairer lease and a sustainable future. Having settled into our new premises we are now seeking ways to maximize the use of the building including extendinE our working hours & diversifying the therapy provision. We would like to thank Julian Wright for organizing an exhibition of art works within the building.
Share Psychotherapy Trustees, annual report- continued For the year ended 31 March 2024 Cross-cuttin Strate develo ment and lans Share secured sUPPOrt from an experienced Consultant to facilitate an away day of Board members but due to workload of staff and trustees we were unable to complete developing a new strategic plan. The work has been picked up again in January 2024 and started with a business model and review of Share's vision and mission and we plan to finalize a new strategic plan, capacity permitting. by the end of 24125. The revised charitvs business plan for 2024125 and 2025126 includes: Strengthen the financial position and rebuilding reserves to ensure sustainability and strategic development of the service Consolidation of grant income through securing larger and medium-term grants Applying to new funders Increase in client fees whilst maintaining lowest fee band Securing subsidies to cover the gap between client income and actual cost per session Increase capacity clinically, administratively. managerially and at the board level to enable increase in client hours which will require Improving administrative systems and processes Increase in senior therapist capacity Recruiting a service lead Recruiting a treasurer and additional trustees Coordination and collaboration with relevant partners. in both statutory and voluntary 5ertor5, to improve mental health provision in Sheffield Financial review, reserves poliry and going Conrn 22/23 and 23124 financial years both made an unrestricted loss of around £28,400, and unrestricted funds were in deficit by £8.419 as of 31 March 2024. Our revised forecast had anticipated we would end the year with very low reserves or break- even. However, because of the costs of the repairs to Wilkinson Street alongside reduced average client income due to cost-of living crisis. sLitic Integrated Care Board {ICB) grant (a de-facto reduction in light of inflation) as well as gaps in staffing leading to missed trust funding applications we were unable to achieve this. Due to overall lack of capacity following the office move and associated changes. the full extent of the financial situation was not clear until late December. Share's buslness model. which relies on client income and grants from the ICB and various Trusts, is no longer covering the cost of running the service. Grants have not increased with inflation, average client income has dropped & operating costs of delivering the service have increased.
Share Psychotherapy Trustees. annual report - continued For the year ended 31 March 2024 Over the past 4 financial years, the cost of providing one therapy session per client was on average £40. With an average client fee of £14.80 in 23-24 this was a £1.60 drop per client hour income translating into an additional loss of operating income of £6.200. In January 24 following a substantial and extensive review of ourfinance5 it became clear that without additional funding Share would become insolvent in the following financial year. The Board had several emergency meetings to review ourexpenditure and income and to put strategies in place to manage the day-to-day finances and to develop a recovery plan with clear accountabilities. The Co-chairs met with members of the Integrated Care Board (ICB) and following several meeting and numerous correspondence Share received confirmation of the renewal of the ICB grant for 3 years and by March 2024 a substantial one-off grant confirmed for 24125. Our thanks go to colleagues at the ICB for their support. commitment and belief in Share's worth as a mental health provider in Sheffield. The Board's recovery plan saw other further positive outcomes including securing a large grant of £20K from the Aeonian Foundation. Local trusts continue their support, and we are grateful to the Church Burge55es for providing an additional one off grant. Tight financial controls were put in place which included a reduction in administration and management costs and increasing fees for new clients in 24/25 whilst continuing to explore other further funding opportunities. The Board of Trustees has determined that the free reserves target at 31 March 2024 was £30,000. However as at 31 March 2024 the charity had no free reserrfe5 (unrestricted funds excluding fixed assets) -there was a negative unrestricted fund balance of £8,419. The 24125 budget. including the additional one-off ICB funding and the grant from the Aeonian Foundation. plans to return the free reserves held at 31 March 2025 to the target set. which the trustees are confident can be done. In addition to the 24125 one off grant. we have now received written confirmation of a 79% uplift of our ICB grant for 25/26 and 26127. We have also had a very positive meeting with the National Lottery about a longer-term grant supportin6 organtzational development and growth. We continue to Identify new grant funders and submit applications. The support we have secured is medium term and provides security into 25126 and indeed 26127 and we have as yet untapped opportunities to further bring in income to increase capacity and develop a long funding strategy. The Board is confident with all these measures in place that wt has not only secured Share's future in the forthcoming year but has laid the foundations for a more sustainable footing for years to come. The trustees are of the view that the Charity is a going concern continue into the future and is a going concern at the time of signing the accounts.
Share Psychotherapy Trustees. annual report- continued For the year ended 31 March 2024 Structure. governance and management The organisation is a company limited by guarantee and a registered charity. The charity's governing documents are its Memorandum and Articles of Association. The charity was incorporated as a company limited by guarantee without share capital. on 25 November 2008 and was registered with the Charity Commission as a charity on l April 2009. Meetings of the Board of Trustees of the Charity and Directors of the Company are held quarterly to tnonitor the activities carried out and to make decisions relating to the strategic direction, financing and govemance of the organisation. The board holds monthly informal board meeting to stay abreast of key issues and deepen discussion around operational issues as required. The Risk Register is updated and reviewed at each formal Board meeting. This discipline has produced a recognisable benefit in terms of the way the Board anticipates operational risks and responds in discussion with staff to frame immediate and longer-term actions. The oversight, support and development of the clinical activity carried out by our therapists is provided by the Clinical Lead and part-time Clinical Associates. All paid and volunteer therapists continLJed to receive clinical supervision. For volunteers and therapists in training this takes place in groups held in-house and facilitated by either the Clinical Lead or a Clinical Associate. Our Clinical Lead also receives Clinical Supervision from a Private Counsellor funded by Share. Lynn Keirs and Astrid Bourne Walker formally acpted the positions of Co- chairs in July 2021, a first in the history of Share, which has proved a very successful working arrangement. They have been able to support each other and share the workload and challenges this year has brought, meeting regularly outside board meetings to discuss and liaise on all aspects of running Share. Lynn gave her notice in January 2024 to retire as a trustee afterthe September AGM - a huge thank you to Lynn for more than 9 years of dedicated. strategic work at Share both as a trustee and as a co-chair all of which has contributed to sustain. improve and grow Share's contribution to mental health provision in Sheffield. Steve Wood, Trustee has been instrumental in finding our new premises at Paradise Square &negotiating terms & conditions of the new lease and helping our Business Manager with the move. He has also used his considerable experience & skills to review the health & safety at Paradise Square introducing new fire regulations & training. Steve resigned as Trustee & left the organisation on 16 September 2024. Vanessa Boddye. a long-standing volunteer therapist. continues to provide valuable input from client and volunteer perspectives into the Board discussions. Although we haven't been able to recruit to the Treasurers post in this financial year this work has been diligently overseen by Astrid, with the assistance of the Operations Manager.
Share Psychotherapy Trusteeg annual report - continued For the year ended 31 March 2024 We welcomed back Anna Waters as a Trustee on 5 December 2023. having previously worked for Share as our first Business Manager. Anna brings a wealth of experience & skills in the charity sector. local & central government & currently works on National Social Care Policy. During the year we had several applicants for the vacant Treasurer post and were delighted to appoint Rumbidzaishe Chivaura on 29 July 2024. Induction and training into the role of Trustee was undertake by the Co-chairs to ensure full oversight of their legal and operational responsibilities. This is in line with the Memorandum and Articles of Association of the Company and the policies and procedures adopted by the Board. Moreover, trustees complete an annual declaration of interests, topped up by a standard item at Board meetings. to identify any issues of potential conflict on each agenda. Legal and administrative information Trustees Lynn Keirs Astrid Walker Boume Steve Wood Vanessa Boddye Bethany Rodgers Anna Waters Rumbidzaishe Chivaura Co- Chair Co- Chair {Resigned 19109/2024) (Resigned 07107 2023) (Appointed 05112/2023) (Appointed 29107/2024) Management team Clinical lead Replaced by Clinical manager Jonathan Martyn Samantha Mulholland (until June 2024) (from June 2024) Senior therapist Emma Gray (until September 2024) Operations manager Replaced by Office manager Catherine Millross Elizabeth Levy (until December 2023) (from January 2024) Charity number 1130400 Company number 06757798 Registered office 19 Paradise Square Sheffield SI 2DE Accountants Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH
Share Psychotherapy Trustees. annual report- continued For the year ended 31 March 2024 Trustees. responsibilities in relation to the financial statements Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources. including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charities SORP- Make judgements and estimates that are reasonable and prudent. State whether applicable UK accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements- and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting record5 that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable companvs website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Small Companies provision This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. The trustees declare that they have approved the Trustees. annual report above on and signed on behalf of the trustees by= Print name". Trustee
Independent examinerfs report to the dirertors of Share Psychotherapy ('the Companrf) I report to the charity directors on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilit•èS and basis of report As the directors of the Company you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 21J)6 {'the 2006 ACY). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligiblefor independentexamination, I report in respect of my examination of your companvs accounts as carried out under section 145 of the Charities Art 2011 {'the 2011 ACY). 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 examinerfs statement 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 sertion 386 of the 2006 Act; or 2. the accounts do not accord wvth those records: or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act otherthan any requirementthatthe accountsgive a'true and fairview which is not a matter considered as part of an independent examination. or 4. 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 organisations 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. Signed: Sarah Lightfoot, FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield 56 2HH Date: io
Share Psychotherapy Ststernent of financial artivibes (incorporating the income and expenditure aCtnt> for the year ended 31 March 2024 2024 Totsl Unrestricted Restricted funds funds 2023 Total fvnd5 funds Notes Income from". tjonations, grants and legacies Charitable activities InvÈstmÈnts- bank interest 25,534 113.536 253 31.138 113.536 253 12.545 100,838 139 12,545 100,838 139 Total income 139.323 5.604 144.927 113,522 113,522 Expenditure on: Charitable activities 167.735 173.339 140.148 27.887 168.035 Totsl expenditure 167.735 173.339 140.148 ?_7.887 168.035 Net movement in funds 128.412) {26.626) {27.8871 {54.513) Reconciliation of funds: Total funds brought forward I93 19393 46.619 27.887 74.506 Total funds (arried forward (8,419) {8A191 19.993 19,993 The staternent of financial actiwties includes all gains and 105se5 recognised in the year. PJI of the charitable company's operations are classed as continuing. li
Share Psychotherapv Balance Sheet As at 31 Marth 2024 2024 2023 Fixed assets Tangible assets 969 1.317 Total fixed assets 969 1,317 Current assets Debtors Cash at bank and in hand Total current assets 6.026 1.666 7.692 33,894 35,434 Creditors: amounts falling due within one year io {17.0801 116,758) Net current a$5ets 19.3881 18.676 Total assets less current liabililies 18.4191 19.993 Creditors- amounts falling due after one year Totsl net assets (8.419) 19.993 Represented By FUNDS Unrestricted fund5 Restricted funds Total tharity fund5 {8.4191 19.993 li 12 (8.419 19.993 For the year ending 31 March 2024 the company was entitled to exemption from audit Und section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities= The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act The director'5 acknowledge their responsibilities for cornplying with the requirements of the Act with respect to accounting records and for the preparation of accounts. The accounts have been prepared in accordance with the special provisions relating to companies subject to the small companie5 regime within part 15 of the Companie5 Act 2006. Approved by the board of trustees on and signed on its behalf by: Print name.. OoP/UÈ Trustee 12
Share Psychotherapy Notes to the Accounts for the year ended 31 March 2024 Atcounting Policies lal Basls of preparation Share Psychotherdpy is a charitable company in the United limiied try guardntee. In the event that the charity is wound up the liability in respert of the gurantee is limited to £10 per member of the chanty. The address of the gIStered office is given in the company information on Page l otthese financial statements. The financial statements have been propared in accordance with the Statemenl of Recnrnended Practi". Accounting and Reporting bv Charities preparing their accounts in accordance the financial Rep(Kiing Standard appli(3ble in the UK and R&public of Ireland IFRS 1021 Isecond editionl, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFR5102} and with the Charities Act 2011. The financial statements have tsken the exemption to prepare a Statement of Cashflows. The charity meets the definition of a public benefft entity as defined under FRS102. The financial statements are presented in sterling whith is the functional currency of the charity and are rounded to ihe nearest £1. (bl Income Income is recogni5ed in the SOFA when the charity has entitlement to the funds anv Ferfomiance condition5 attached to the monie5 have Icl Expenditure and liabilities Expendtture 15 recoEnised where an there is a legal or constTUrtive otligation to pay a third party. fc is probable that settlement will be required and the amount of the obligation fdn be reliably measured. All expenditure is reported gross of irrecoverable VAT. Idl Tangible fixed a55ets Tangible fixed assets are initially m&isured at cost and subsequently rnea5ured at C05t or valuation, net gf depreciation and any irrlpairment losses. Depreciation is provided on all tangible assets at the following rates talculated to write off the cost less estimated residual value, over their useful economic li¥es= Fixtures and fittings reducing b3[are lel Cash and cash e4uiYalents Cash and cash equivalents comprtse G)sh on hand and call deposits. and other slK)rt4orm highly liquid investments that are readilv convertible to a known amount of and are 5ubje¢t to an insigntfi(ant risk of change in value. lfj Trade debtors Trade debtors are amounts due from customersfor Servi performed in the ordinarycourse of business. Trade debtors are recognised init•lly at the transaction pri. They are 5ub5equently ffle35ured at amortised cosr using the effective interest method, less provision for impairment. A prowsion for impaim)ent of trade debtOTS 15 established when there is objective evidence that the company will not be able to leCt all amwnts due ac(K>rdingto the original terms of the rocoivables. Trade credrtors Trade (xeditors are obliEations to pay for goods or rvices that have been UIred in the Ordinary course of business frorTt suppliers. Accotjnts payable are dassified as current liabilittes if the charity not have an unconditional right. at the end of the portIng period. to defer settlement of the credttor for at least tWee Mont after the rewjrting date. If thère is an unconditional right to defer settlement for at least twelve months after the reporbng date. they are presented a5 n-(Urrent liabilities. Trade creditor5 are renISed initially at the tranwtbon prKe and subsequently measured at amorttse(I cost using the effective interest method. {h) Fund accounting Unrosiricted funds are donation5 and other Inco receiwable or generated for the objects of the oreanisation without further specified purpose and are available a5 general fund5. Restricted funds are either donations which the donor has specifd are to be solely used for particular alea5 of the charity's work or grnnt income SOUEht for spectfied actiwties. 13
Share Psythotherawi Pknte5 to the Acuwnts. continued for the year ended 31 Marth 2024 Accounting Policie5- continued lil Employee benefits The cost of any unused holiday entitlement 15 retwiised in the period in which the employee's service5 are received. Termination benefits are recognised immediatety as an expense wllen the charity is dèmonstrably committèd io terminate the employment of an employee orto provide tennination benefits. ()J olatiftg lease tal$ Rentals under operating lease5 awe tharged to the Statement of Finla1 Aciivits on a strdight line basis over the lease term. Ikl Taxation a charity. the organisation 15 exetnpt from tsx on income and gains falling within available tax exemptions to the eKtent that these are applied to its charitable objects. No (harges have arisen in the charity. 11) Going Conrn The firhanaal 5tstements have been prepared on a going a)rer basis as the tru5tee5 believe that no matetial uncert3intie5 exist The trustee5 have considered the level of fund5 held and the emLted level of income and expEnditure for 12 months from authori5ing these financial statements. The budgeted income a[ expenditure is sufficient with the level of reserves for the charity to be able to continue as a going cOnm. Im) Signtficant estimatrs and judgements F.stimates aT)d judgpments are continiAally pvaluatpd and are based on histrffic21 eXperIee and other factors. including expectstions of futurÈ events that are believed to be reasable under orcumstan Incolnefrom donaOn$.Brants and 2024 unrestric Restrirted Total funds Funds Z023 Total Funds Grants Aeoniaii Foundation Harry Bottom CharitableTrust The JG Graves Charitsble Trust Sheffield Church Burgesses Trust Sheffield Town Tnt5t South yorkshi.5 Community Foundation The Zachary Merton And George Woofindin Convalescent Tr[1 Sheffield City C£Junol LAC committee 2.(X)O 2,5 4.0 2.500 5.LNJO 515 515 Donations Beaverbrook Foundation The Sheffield l(M)O Charity 2.500 General donations 3,034 89 3.123 545 545 25.534 31.138 12,545 12,545 Income from tharitsble alli¥its 2023 Total fund5 Fund5 Totsl fund5 Funds NHS ICB South Yorkshire Client fees CPD. trdining and events Room nts1 42.955 69.198 255 1,128 42.955 69.198 255 1.128 36.886 62.519 36.886 62.519 1.433 1.433 113.536 113.536 100.838 IIN).838 14
Share Psychotherapv Notes to the A¢counts- continued for the year ended 31 March 2024 Expenditure on charitable activitses 20Z4 Unrestricted Restritted lunds Funds 2023 Total lund5 Funds Direct client costs 2.029 2.029 967 967 Salary and as)cIated costs Therapy 5UPPOrt cost5 Payroll fees Other staff costs including trainine and dbs thecks Property costs Rent Utilities arFd rates Repairs. maintenance and equipment Moving costs (including dilapidiations) 84.868 19.811 890 470 5.515 J.383 19.811 890 75.586 20.429 812 14.842 12.920 90.428 33,349 812 1.886 470 16.988 6.319 16,988 6.319 20.929 4.845 5.284 20.929 4.845 125 23.141 23.230 Insurance Equipment rental Photocopyin& postage and s13tionery Telephone Computer costs Subscriptions Depreciation Disposal of fixed assets Bank and paymènt fatility charges General expenses linduding refreshments) Leeal and professional fees Governance fDSts 2.854 2.854 768 493 1.836 1.627 $64 420 878 1,627 564 493 1,836 1.909 420 878 1,267 121 1,267 121 243 243 329 329 i( 104 737 610 737 562 2.258 610 562 2.?58 610 610 355 355 Independent examination fee 870 870 774 774 167.735 173.339 140,148 27,887 168.035 Staff costs 2024 2023 Salaries EMployeS National Insurante contributions Employer's allowante Employer'5 pension contrtbutions 87.407 6.229 15.(M)01 1.747 87.643 6.149 15,OCK)I 1.636 90,383 90.428 The average number of employees in the yearwas 612023: 61. No employee received emoluments of m(ffe ihan £60,IXJO in eitheryear. Independent examinalioTh fee 2024 2023 Independent examination fee lindudes ac(ountanc¥ costs) 870 774 Other fee5 paid to Independent examiner's organisatK)n: Other professional 5eTvices Other services 342 270 612 Is
Share Psychothera Pjotes to the Ac£ounts- continued for the year ended 31 March 2024 Trustees and Key management personnel weThunerion. beneffts and exper No trustees were reimbursed for out of po(&et eXnSeS during the ¥ear12023: £nill. The charity trustees were Thot paid or received any other benefits from etnployment wrth the tharity duri1 the year12023: £nil). No trustees received payment for professM)nal or other services supplied to the charity12023: Vanessa 8odityÈ. tnjstee. reIVed £SS as a self employed associate for her therapy ser¥ices as part of the National knttery fuThJing. No other tnjstee reIVed payment for professional or other Servi supplied to the charityl. The key marbagement personrl Imanagement team). as shown on page 8 of the trustees. report reived total employee benefits of £69.96912023: £65.8021. TaTrIle fixed a&sets Fe$ and Frttings Totsl As at l April 2023 Additions Disposals As at ai March 2024 9,773 9.773 11.1071 9,773 11.1071 8.666 Depreciation A% at l April 2023 ChargÈ this period Dispos315 A% at 31 March 2024 8.456. 243 11.(KJ21 8.699 8.456 ?43 11.0021 Net book value As at 31 Marth 2024 1.074 969 As at 31 March 2023 1,317 1.317 l fixed assets are consided to be fordirect charitable purpose DebtlM5 2024 2023 Trade debtors Prepayments Other debtors 6.026 1,540 6.026 10 Creditors: amourts falling due Tfvithin one year 2024 2023 TrddÈ creditors Other creditors Other taxes and social security Accruals OthÈr loans 3.835 7.030 5.345 870 3.2_52 723 2.779 3.313 6.691 17.OBO 16.758 16
Share PsychotherdP¥ Notesto the Accounts- continued forthe yearended 31 Marth 2024 11 Restricted funds Balan b/fwd Bal3n c/fwd Inmme Expenditure Trwsfers Premises move Senior Therapist 189 15,515) 5,515 Premises mov Some donation5 were received towards moving costs SeniorTherapist Funding received towards the Senior Therapistsalary. Fundew5were: South Yorkshire's Community FoundatK)n sheffield City Council iAC commtttee Prtioryeorcomparison Bulunce 8ulonce b/fvd Ina)me EXpendire Tronsfrr5 Screwfix- bufflding repoirs Sheffield City Council Community CovidReco¥ery Gmnt 125 27.762 (125) (27.762} 27.887 127.887) Sheffield City Councilcommunity C(JvitlRetovery Gmnt - £27.762 given th sUpt additional capatty required as a resuk of the pandemiL The funding is for February 2022 to March 2023. 12 Net a55ets by fund 2023 Total Fund5 Totsl nds Fund5 Tangible fixed assets Net turrtnt assets/ Iliabilitie51 969 19.3881 969 {9.3881 1.317 18,676 1.317 18.676 &419 18.419) 19.993 19.993 13 Rdated party tran5action5 Astrid W3lk?r Bourne. a trustee. made a loan of £6.691 during 22123 which is outst3ndino at the year end. The loan 15 interest free and repayable in term5 to be 3Ereed wtih the board. A further £4.(KM) was loaned during the year in two installments io help with cashflow. that was repaid WTthin a week of the dep05tts. There were no otfr*r related party tr3rtsactions other th those detailed in note 7. 14 Operating lease commitments As at 31 March 2024 the charity was committed to making ihe followire payments unroPer3.g Feases as follows: 2024 2023 Land and BuildinBS Other Payable within l year 19.950 156 622 20.106 622 Land and Building5 other Payable between 1-5 years 4.156 156 156 4156 17