Tlnslay Forum (Reglstered Charlty number 1131895) (Company Ltd by Guarantee Number 3881700) FINANCIAL STATEMENTS for th• yoar ond 31 March 2024 Contonts Page Trustees, report Examiners report Balance sheet Ststement of financial activities Notes to the accounts 10-13
Tlnsley Forum Company Inlormatlon Trustees T K Calvert E Finbow S Sutherland N Akhtar K Iqbal Chair Treasurer Secretary Company Number 3881700 Charity Number 1131895 Registsred Office Tinsley Onestop Shop 120 - 126 Bawtry Road Tinsley Onestop Shop Sheffield S9 1UE Bank Lloyds TSB Bank plc 1 High Street Sheffield, S12GA Independent Examiner White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL
Tlnsley Forum Trustees. report contlnued The Trustees present their annual report and financial statements for the year ended 31 March 2024 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Chartties.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standards for Smaller Entities. Structurg, governance and management The organisation is a registered charity and a company limited by guaranlee. The company was registered as a charity on 29 September 2009. The trustees of the company are elected for a term of one year by a simple majority of those present and voting at the Annual General Meeting. Committee meetings are held approximately every two months for trustees to receive information and make decisions relating to the organisation. The induction and training of new trustees is undertaken by the Forum manager and experienced trustees to ensure that they fully understand their legal and operational responsibilities. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The Forum employs a project manager to oversee the running of the organisation and he reports directly to the trustees at each meeting. The trustees are responsible for making decisions that impact on the future of the organisation or hav& a significant cost implication and they also ratify operational decisions that have been made by the project manager between meetings. Reserve8 poIIcy Financial procedures are in place for regular reporting to the trustees and they then consider viability and potential risks before making financial decisions. The trustees ensure that there are sufficient reserves in place to meet their legal obligations. The level of freely available reseNes at 31 March 2024 was £115,375 {2023.' £57,753). The Trustees have designated £40,000 {2023'. £35,000) as any future redundancy costs and this is held in a separate savings accounts. Rlsk assessmont The trustees have assessed the major risks to which the charity is exposed, and are Satisfied that systems are in place to mitigate exposure. The trustees and officers of the charity acknowledge their responsibility for carrying out an annual risk assessment of the charity's financial strategy and policies, and for managing any risks that are identified. To this end they have set out to identify potential risks by adopting a business plan and by reviewing the financial processes of the charity and establishing control systems to manage the risks which have been identified. The major risks which the trustees have identified are: -the charity will, if possible, have to continue to rely on social enterprise and partnership working to provide the majority of its income. -the charity's premises may have to be vacated during the next financial year if additional funding is not found. -the charittys operations may have to be considerably reduced due to a lack of funding and the charity not having sufficient operating capital in reserve. other local organisations housed at the charities premises may be unable to continue to operate from these premises due to them being unable to find funding to operate at their current level.
Tinsley Forum Trustees. report contlnued Objectives and aims -to benefit the community in the Tinsley area of the city of Sheffield by the advancement of education and the relief of povety, hardship, distress and sickness. -to advance the education of the inhabitants of the area and to provide for infomiation, recreation and leisure time occupation in the interests of social welfare with the object of improving the conditions of life for the inhabitants without distinction of race, colour, ethnic or national origin, gender, disability, sexuality or of political, religious or other opinion. -to advance the education of the public by the sponsorship of bursaries, scholarships or grants to any person or persons, institution, association or corporate body for the purpose of furthering the objects. -to ccFoperale and enter into arrangements with other bodies (whether national or local and whether voluntary, statutory, industrial or otherwise) in the constitution and maintenance of the charity's facilities and in the furtherance of the objects and the charity's pOVr$ generally. -to further such other charitable purposes as the company shall in its absolute discretion determine and on terms consistent with the charitable purposes of the charity and in accordance with the law of England and Wales. To achieve these objectives the activities undertaken by the Forum in the last year included: -the operation of a One Stop Shop. -the provision of courses for the general public. -working with young people to provide advice regarding education, training and employmenl. -working with local employers. -social prescribing seriices. -addressing local issues. -help and advice given to the local Roma community. -the rental of rooms. The trustees confirm that they have referred to the guidance in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. Achievements and performance Work has continued to be busy again this year wrth a high number of people using the services at the Tinsley One Stop Shop. Our work has expanded throughout the year in which we have offered a variety of seplices to the local community. We are part of the network of Welcome Places and Warm Spaces in Sheffield through which we provide a warm and friendly place for people to come and socialise, get a warm drink, meet like-minded people, and get help with a variety of support including help for new arrivals through signposting to city wide organisations. As part of the support that is provided, we have partnered with Citizens Advice Sheffield to provide a space for a community access point where people can come into a private room and get online face to face advice from a qualified advice worker. This has proved to be a hugely popular addition to our services and something that ties into the rest of our sep4ices, we offer the space and support for this service at a cost to ourselves to help our community to access this seniice locally, in a safe and confidential space.
Tlnsley Forum Trustees. report contlnued We have continued to offer targeted Employmenl Support for Unemployed and Economically Inactive customers, offering a comprehensive programme of help, advice, support, and guidance aimed at supporting unemployed and workless people on their journey into work. The serrf1 offered a holistic support for economically inactive customers offering a range of The development of a personal employment plan Creation of a quality CV Job search I matching Interview skills Volunteering opportunities Barrier removal Referrals to specialist Links to education and training providers IAG Ongoing development against employment plans In work support Our community library has gone from strength to strength with an increase in customers and We have developed our offer of work with young people focussing targeted work around We have continued to support local people with food parcels, which are made up from food We have again worked with groups to access the Tinsley Trust Fund and E.ON community We have worked with Sheffield City Council and local councillors on a range of topics and We would like to thank the local community, local volunteers, partner organisations and Trustees for their support over the past year which has enabled us to continue to deliver community led services within the ward. We would also like to thank; The National Lottery, SY. NC, USSPF, Power 2 Change, SYCF and Sheffield City Council for enabling us to deliver this work, as ever, we are extremely grateful for the contributions that everyone has rnade towards helping improve the quality of life for Tinsley residents.
Tlnsley Forum Trustees. report contlnued Trustees responsibilities for the financial statements Company and charity law requires the trustees to prepare financial statements for each financial period which show the state of affairs of the charity and of net income or expenditure of the charity for that period. In preparing those financial statements, the Trustees are required to: Q select suitable accounting policies and apply them consistently. Q make judgements and estimates that are reasonable and prudent. Q prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. Q state whether applicable accounting standards of recommended practice have been followed subject to any departures disclosed and explained in the financial statements. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable the Trustees to prepare financial statements. The Trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities. This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. This report was approved by the Trustees on their behalf by: and is signed on E Finbow Trustee
Tlnsley Forum Independent Examln•rf• report on the Accounts 01 Tlnsl•y Forum for the year ended 31 March 2024 I report on th8 accounts of the company for the year ended 31 March 2024, which are set out on pages 8 to 13. Respectlve rosponslbllltles of trustees and examlner The charty's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and Ihal an independent examination is needed. It is my responsibility to: tj examine the accounts under section 145 of the 2011 Act., to follow the procedures laid down in the general Directions given by the Charty Commission under section 145 (5)(b> of the 2011 Act,. and El to state whether particular matters have come to my attention. Basls of Independent examlneV8 report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes 8 revlew of the accounting CordS kept by the charity and comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all Ihe evidence that would be required in an audit and consequently no opinion is given as to whether the accounts presenl 8 'true and fair view, and the report 18 limited to those matters set out in the statement below. Independent examlnerfs 8tstsmant In connection with my examination, no matter has come to my attentlon.. (1 > whlch gives me reasonable cause to believe that in any material respect the requlrements.. to keep accounting records in accordance with section 386 of the Companies Act 2006., and to prepare account5 which accord with the accounting records, comply with the accounting requlrements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met; or (2) to which, in my opinion, attentlon should be drawn in order to enable a proper understanding of the accounts to ed. Signed: Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL Date:
Tlnsley Forum Balance Sheet as at 31 March 2024 Company number 3881700 2024 2023 Notes Fixed Assets 155,365 162,120 Current assets Debtors Balance at bank and cash Total current assets 235 210,141 210,376 231,910 231,910 Creditors: amounts falling due within one year (1,612) (1,388) Net current assetsllllabllltles) 230,298 208,988 Total assets less current liabilities 385,663 371,108 Total net a338ts 385,663 371,108 Represented By FUNDS Unrestricted income fund - assets Unrestricted income fund Designated Reserves Restricted income fund 155,365 115,375 40,000 74,923 385,663 162,120 57,753 35,000 116,235 371,108 For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directorfs responsibilities; The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements are approved by the Trustees on on its behalf by.. and signed E Finbow Trustee
Tinsley Forum Statomont of Financial A¢tiviti•s for the year ended 31 March 2024 Restrlcted Unrestrlcted funds funds Total 2024 Total 2023 Incomlng resources Activities for generating funds Room rental Investment income Other income Total Incomlng re80urce8 92,699 55,375 1,605 1,116 701 58,797 148,074 1,605 1,116 701 151,496 83,801 975 69 4,749 89,594 92,699 Resources expended Costs of generating income 118,387 18,554 136,941 90,736 Total resourc08 expended 118,387 18,554 136,941 90,736 Net (outgolng)Ilncomlng resources (25,688) 40,243 14,555 (1,142) Fund tran8fers (15,625) 15,625 Total funds brought forward 116,235 254,873 371,108 372,249 Total fund8 carrled forward 74,923 310,740 385,663 371,108
Tln$ley Fornm Notes to the Accounts for th• y•ar ended 31 March 2024 1 Accounting Pollclo8 {a) Basi8 of preparatlon The Financial Statemenls have been prepared in accordance with the Companies Act 2006, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021, and the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth FRS102 (effective from January 2015 and updated with effect from January 2016) - {the Charities SORP IFRS102)), as modified for smaller ¢haritie8. The Charity meets the definition of a public benefil entity as defined under FRS102. (b) Donotlon• and fund a¢¢ountlng Donations r8C8IV8d for the general purposes of the charity are included as unrestricted funds. Ic) Ro8ources expended Expenditure is included on an accruals basis. {d) Unrestricted funds are donations and other income receivable or generated for the objects of the Company without further specified purpose and a available as general funds. lel Restricled funds are to be u8ed for specific purposes as laid down by th8 donor. (fj Tangible Fixed A$sel8 and Oepreciation Depreciation is provided on all tangible fixed assets at rates calculated to wrlte off the cost of each asset Over its useful life, as follows.. Forum equipment - 25% on cost Land and buildings - 2% on cost 2 Flxod a••gts Leasehold property Forum Equlpment Total Cost or Valuatlon At 01104123 499,851 211,942 711,793 at 31103124 499,851 211,942 711,793 Depreclatlon At 01104123 Charge for the year 337,731 6,755 211,492 549,223 6,755 at 31103124 344,486 211,492 555,978 Net book valu• at 31103124 155.365 155.365 Net b¢)ok value at 31103r23 169,742 189.742 3 Debtor• These are monles owed to the Company but not received during the accounting period. They are in respect of.. 2024 2023 Trade debtors 235 235
Tlnsl?y Forum Note• to the Account* lor th• y••r •nded 31 March 2024 4 Credltorn: amounts falllng due withln one year These are expenses that have been incurred but have not been billed or paid for during the accounting period. They ar8 in respect of.. 2024 2023 Trade creditors 1,812 1,612 1,388 1,388 5 ActIvItl for ggnoratlng fund• Re8trlcted Unfe8trfctad fund• fund8 2024 2023 Grant8 National Lottery Community Fund Power lo Change Sheffield City Council South Yorkshire Community Foundalion Fund holdlng Damall Wellbeing British Land E.ON Tinsley Tree Project 43.551 24,600 88,151 9,990 10,000 18,020 25,540 7,500 12,294 37.834 7,500 18,481 18.481 10,000 6,108 10.000 6,108 24,007 19,590 2,194 83,801 92,699 55.375 148,074
Tlnsl•y Forum Notes to the Accounts for th• year •nd•d 31 March 2024 6 Resources expended Costs of generating income 2024 2023 Staff costs Payroll services Community activities and projects Community Defibrillators Printing, station8ry and postage Telephone and intemet Light and heat Insurance Computer con8umable8 Repairs and renewals Library Building work Library expenses Building refurbishment Cleaning and waste removal Travelling Sundry Water Ground rent Rates Depreciation of long1888e Accountancy 75.154 379 25.912 50,423 459 14,184 3,896 201 1.302 3,494 1,971 250 867 700 210 85 1,371 5,105 1.972 460 6,372 700 502 5.860 2,593 12 654 1,202 50 1,023 6,755 780 136.941 2.021 1,797 50 973 8,622 750 90.736 7 Staff Costs and Dlra¢torn' Expen808 and Remunoratlon 2024 2023 Staff salaries Social security Costs Pension costs 71,420 48,689 3,734 75.154 3,734 50,423 Director8 did not recelve any remun8ratlon12023 - £nlll and were not r8imbursed for any expenses in the yeaf {2023- £nil). 12
Tlnsley Forum Note• to the Accounts for tho y•ar ond•d 31 March 2024 8 Movement between fundorn Opening balance 1Apr23 Closlng balance 31 Mar 2024 Projects Asian Mens Lunch Club E.ON Caring Hands & Hearts E.ON Chai Group-E.ON Chai Group Breakfasl-SCC Chlldren Under 5,$ Community Art Recycling- E.ON Community Defibrillator E.ON Community Group- British Land Community Newsletter E.ON Dlshwash8r E.ON Damall Utd Library Capital Prolect National Lottery - Building Volunteers National Lottery - Cost of Living Power to Change Sheffield City Council - Wami Space Sheffield City Council - Kids Library Sheffield City Council- Chai Group Sheffield City Council - Llbrary Sheffield City Council- Tinsley Girfs Sheffield City Council - Asian Mens Sheffield City Council - Community Levy South Yorkshire Community Foundation Tinsley Caring Hands and Hearts Tinsley Green Field SCC Tinsley Library E.ON Tinsley Llbrary SCC Tlnsley Library Book Reserves SCC Time for Me E.ON Time for Me TATF Tinsley Boys Youth Club TATF Tinsley Girls Youth Club TATF Tinsley Over 50's SCC Tinslet Tree Project Tinsley Utd Re¢elpts 500 Payment8 (500) (990) 1782) {7091 (1,124) {1,154) (1,304) (12,000) (1.500) {829) (8,400) 1700) (9,990) 143,551) (7,788) (3,000) Tran8fer8 990 1,000 800 218 91 2,8C 3,930 2,118 20,815 1,500 {2,7151 6,100 829 10,000 1,600 7,502 8,202 9,990 43,551 20,698 2,000 750 250 (12,910) 1,000 760 1250) (8,960) 8,960 2,000 2,000 2.000 (2.000) 14,000 7,500 14,000 {7,5001 114 114 373 1,878 25,692 368 (373) (1,878) 1,878 (3,380) 24,190 368 500 500 500 631 (500) {6311 2.183 11,169 2,183 10,869 172 (472) 116.235 92,699 (118,387) (15,625) 74,923 13