SECTOR 3 STOCKPORT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 COMPANY REGISTRATION NUMBER: 06814531 CHARITY REGISTRATION NUMBER.. 1135557 ADK2PGI 0711212024 COMPANIES HOUSE A03
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SECTOR 3 STOCKPORT INDEX PAGE TRUSTEES, ANNUAL REPORT INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET STATEMENT OF CASH FLOWS 9-19 NOTES TO THE ACCOUNTS
SEcfoR 3 STOCKPORT Report of the Trustees for the year ended 31 March 2024 The Trustees present their annual directors, report and financial statements of the Charity for the vear 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 the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Repo.rting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective I January 20191. Reference and administrative informatlon Charity Name.. sector 3 Stockport {formerly Syner8y Stockport Limited until 15 June 2023) Charity Number: 1135557 Company Number: 06814531 The Trustees and officers serving during the year and since the year end were as follows: Trustees and Dlrectors M.J. Brade K.A. Kelly A.B. Lambert M. Edwards D. Scott-Fowler J.E. Harper K, Riaz-mohammed S.P Hughes L.A. Parrott-Bates Dr P.C. Jarvi5 Chair M.L. Fisher K.J. Grant S.R. Marsha51 T.L.D. O'Toole (resigned March 20241 (resigned March 20241 (resigned May 2023) (resigned May 2023} (appointed May 20231 (appointed May 20241 {appointed April 20241 (appointed April 20241 (appointed April 20241 Key Management J. McGrath CEO Registered Office Office 24 Merseyway Innovation Centre 21-23 Merseyway Stockport SKI IPN Independent Examiners Community Accountancy Service Limited The Grange Pilgrim Drive Beswick Manchester MII 3TQ
SECTOR 3 STOCKPORT Bankers Co-operative Bank PLC Kings Valley, Yew Street Stockport Cheshire SKI ILZ Structure, governance and management Sector 3 Stockport {formerly Synergy Stockport Limited) is a company limited by guarantee governed by its Memorandum and Articles of Association dated 10 February 2009. It Is registered as a charity with the Charity Commission dated 15 April 2010. Appolntment of Trustees The Directors of the company are also charity trustees for the purposes of charity law and under the Company's Articles are known as members of the Management Committee. Sector3 saw 4 trustees resign durln8 the year, and following a successful recruitment exercise have 4 new trustees joinin8 from Aprll 2024. Objectives and activities The objects of the Charity are to advance and promote all or any purposes which are exclusively charitable and for the public benefit in accordance with the laws of England & Wales; and to promote and organise co-operation in the furtherance of such purpose. Throughout the current reporting year there has been one main activity, which is to support the Voluntary, Community, Faith and Social Enterprise IVCFSEI sector across Stockport. Sector 3, has established itself as a broad and diverse network of third sector or8anisation that has been developin8 in Stockport since 2018. Our Vision Is a Stockport full of vlbrant, healthy & inclusive communities, Our Mlssion Is to foster a thrivin8 third sector in Stockport by developing a supportive network whlch provides opportunities for growth and share learnlng. All with the aim of fostering resilience and longevity in the sector so that it can continue to do what it does best, support our communities to prosper. A review of our achlevements and performance The 2023/2024 financial year was a period of signiflcant progress for Sector 3 Stockport. We continued to build on our role as a key player in supporting the Voluntary, Community, Faith, and Social Enterprise IVCFSEI sector in Stockport. Our efforts have centred around forging partnerships, generating income, and supporting community-based initiatives aimed at fostering resilience and collaboration in local communities. l. Vision: The organisation has developed a vision, mission and purpose placing the sector at the core of decision makin8. 2. Strategic Partnerships: forged strategic partnerships with the public and private sector, enhancing the sector's visibility and bringing in increased funding and partnership opportunities.
SEcfoR 3 STOCKPORT 3. Impact: Promoting the positive impact, the VCFSE has in communities and establishing the VCFSE as a key Strategic and delivery partner in Stockport. 4. Or8anisational Leadership.. Championing the voice of the sector and influencing more investment into the sector. Sector3 has also played a fundamental role in building networks which has enables collaboration within the VCFSE and with the public and private sector. 5. Income Generation: Negotiating and raising funding for the VCFSE to ensure gra55roots delivery in local communities. A significant portion of the funds raised were reinvested back into the sector via grant-giving programmes & delivery programmes. These funds directly benefited grassroots projects focused on improving the lives of communities across the borough of Stockport. 6. Governance and Leadership: With a new Chair of Trustees appointed in May 2023, Sector 3 entered a phase of strategic review. This includes governance reform to ensure sustainability and alignment with evolving community needs. Sector3 strives to provide effective governance, strong leadership and irnpactful support to contribute towards the growth and resilience of Stockport's VCFSE Sector. Flnanclal revlew Total reserves at 31 March 2024 were £415,367. Sector 3 has secured funds over the last year, including funds that have been invested back out and into the sector via grant 8ivin8 programmes and pro8rammes of deliverv. Investment powers and policy The Trustees having regard to the liquidity requirements of operating the Charity have kept available funds in an interest-bearing bank account. The Trustees have contlnued to monitor the many external influences and resulting internal changes and the position with investment opportunities and agreed that this remains the best course of action as this would allow necessary access to funds for supporting opportunities or ceasing activities depending on the outcome of the new commissioning opportunitles. Reser¥es policy and going concern The balance held in unrestricted reserves at 31 March 2024 was £199,982 of which £197,795 are free reserves after accounting for fixed assets. The Trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately six months of running cost5. The Trustees consider that this level will provide sufficient funds to meet general operational activities and to secure the Charit(s future development. The increased activity in sourcing funds through the Sector 3 activity has enabled the Trustees to be satisfied that these prospects combined with a good level of reserves ensure Sector 3 Stockport remains a going concern. Risk management The Trustees have conducted a review of the major risks to which the Charity is exposed, and actions taken to mitigate those risks. This had previously been about having a single stream of income, but this is being successfully addressed through the new broader focus and funding for the various work programmes of Sector 3. Plans for Future Periods Enhance Cross-sector Collaboratlon: We will continue to leverage relationships with the public and private sectors to increase investment into the VCFSE sector.
SECTOR 3 STOCKPORT Strengthen Governance: Ongoing strategic reviews will ensure our governance structures are fit for future challenges. Focus on Income Dlverslflcation.. With new corporate partnerships and other opportunities on the rise, we aim to diversify income streams to maintain a stable financial position. Remaining relevant. We will invest in an independent survey to determine the key challenges and opportunities for the VCFSE sector in Stockport. This will inform our strategy refresh and future service offering. Organisation The day to day running of the organisation's work is delegated by the board to the CEO. Related partles and co-operatlon wlth other organlsatlons Trustees also have roles in the following organisations: M.J. Brade Age UK Stockport & Step Out Stockport Pebble Enterprises Llmited Stockport Advocacy Together Trust & Stockport Talking Newspaper Jump Space Disability Stockport Beacon Counselling M. Edwards Dr P.C. Jarvis M.L. Fisher K.J. Grant S.R. Marshall Trustees responsibilities in relation to the financlal statements The Charity Trustees (who are also the Directors of the Charity for the purposes of company law) are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and Unlted Kingdom Accountin8 Standards (the United Kln8dom Generally Accepted Accounting Practicel. 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 of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financlal statements, the Trustees are required to: Select suitable accounting prlnciples and then apply them consistently,. Observe the methods and principles in the applicable Charities SORP; Make judgments and estimates that are reasonable and prudent; State whether applicable accounting standards have been followed, subject to any material departures that must be dlsclosed and explained in the financial statements; Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that dlsclose 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 Companles Act 2006. They are also responsible for safeguarding the assets of the Charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. y order of the Board of Trustees/Directors: Dr P.C. Jarvis Chair of Tru5tee5 Date: 21" November 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SECTOR 3 STOCKPORT st I report on the accounts of the company for the year ended 31 March 2023, which are set out on pages 6 to 19. Respeetive responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 201 l Act) and that an independent examination is needed. The charity is required by company law to PTepare accrued accounts and l am qualified to undertake the examination by being a qualified member of The Association of Chartered Certified Accountants. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: examine the accounts under section 145 of the 2011 Act ' to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(b) of the 20) l Act: and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an aiidit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement Except as disclosed below, in connection with my examination, no matter has come to my attention: ( l ) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 386 of the Companies Act 2006. and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006, , and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met. or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. AM King FCCA Community Accountancy Service Ltd The Grdnge, Pilgrim Drive Beswick, Manchester, M l13TQ Date: 21" November 2024
SECTOR 3 STOCKPORT STATEMENT OF FINANCIAL ACTrVITIES FOR THE YEAR ENDED 31 MARCH 2024 (incorporating Income & Expendrture accounll Unrostrl¢t•d Rgstrfcted Fund• Fund• 2024 2023 Not•s INCOME FROM: Gifts & Donalions Charitable Activities Other Income TOTAL 4,521 238,265 18,496 261 282 4.521 449.826 18.496 472.843 54,308 260,989 211.561 320 397 EXPENDITURE ON: Fundraising Charitable Activities 360 331,192 273,038 231,259 504.297 TOTAL 273 082 231.259 504.341 331 S$2 NET MOVEMENT IN FUNDS (11,800) {19.6981 {31,498} 111,1SS) Transfers befv4een fun¢Js 139.993} 39,993 Total funds brought forward 249,775 197,090 446.865 458,020 TOTAL FUNDS CARRIED FORWARD 197 982 217,3 415,367 446,865 The 8lalemenl of flnandal acllvllle3 indudes all 9ains 8nd losses in the year. The notes on pages 9 10 19 fofm part ol these aOUntS.
SECTOR 3 STOCKPORT 8ALANCE SHEET AS AT 31 MARCH 2024 Company registration nLKnber'. 06814531 2024 2023 Note8 FIXED ASSETS Tangible Fixed Assets 10 187 539 CURRENT ASSETS Debtors Cash at Bank & In Hand 38.278 492,325 530.603 7.873 543.003 550,876 LIABILITIES; Amounls falling ¢Jue within one year 12 115.423 NET CURRENT ASSETS 415.180 446.326 TOTAL ASSETS 41 367 446.865 THE FUNOS OF THE CHARITY Restricted Reserves Unrestricted Reserves TOTAL CHARITY FUNDS 15 15 217,385 197 982 415.367 197.090 249.775 Fov the year in question the company was enlilled lo the exemplion from audit under se¢llon 477 of the Compantes Acl 2006 relating to small companies. .The members have not required the company lo obtain an avdll ol 118 accoun18 lor the year In question in accordance wilh section 476. The directors acknowledge Iheif responsibililies lol comptyin9 With the iequiremenls of the Act wilh specI lo accounting recofds and the preparalion of accounts. These accounts have been ppared In accordance *Mth thè proviilons appllc8ble lo ¢ompanie8 subje¢1 (o Ihe small companies, reglme. Approve(S on behalf of the Companys Board ol Trvslee8l0leIQrs'. Difeclor Df P.C. JaNIs Date.. 21s1 November 2024 The notes on pa9es 9 10 19 lom part of Ihese account8.
SECTOR 3 STOCKPORT STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31 MARCH 2024 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2Q24 2,023 Nel movement in funds Add back deprecialion Decreasellincrease) in debiors Incre8sel{<JeCasel in credilois {31,498} 352 {30,405) 10.873 111.155} 553 46.834 {44,7441 Net cash used In operatin8activitiÈs 50.678 8.5121 C••h flo from Inv•¥im•nt •¢tlvlll•#'. Purchose ol fixed assets 15591 Not ca$h provldgd by Inv•$ting a¢tiviti•$ 559 Increasel{decreasel in cash and cosh equlvalenls during the year 150.6781 19,0711 Cash and cash equivalents brought forward 543.003 552,074 Cash and Cash equlvalents carrlgd fopward 492 325
SECTOR 3 STOCKPORT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 I. ACCOUNTING POLICIES lal Basis of prepafatlon and a$$essment of golng concorn The accounts Ifinaneial slatementsl have been ppared under the hlslorlcal cost convention with items COgniSed al cost or Iransaclion value unless olherwse slated in the relevant notes lo these ac¢ounts. The financial staiements have been prepared in aeeordaneÈ with the Siatemenl of Recommen¢Yed Pracllce.. Accounting and Reportlng by Chatte$ pieparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic ol Iland IFRS 1021 issued on l$1 January 2019 and the Finanual Reportlng sian¢Jard appli¢able in the Uniled Klngdom and Republic ol Ireland IFRS 102) and the Chanlies Acl 2011. The charity con51ilule5 a public benefft enlily as defined by FRS 102. The trustee$ considei Ihal Ihere are no malerial uncertainties aboul Ihe charitys ability lo conllnue a$ a going ts)ntern. Ib) Funds structure Reslricied funds are lund$ whith are lo be used in accordanc wlh specific reslricuons imposed by the donor or Ifusl deed. There We 25 reslricled fund$ al the year end. Unreslricled Income funds comprise those funds which the truste88 are free lo use for any purpose In luMheran¢e ol the tharilable objecls. Unreslricled funds include deslgnaled funds Whe the Iruslees, al Iheir disuelion have eated a fund lof a specific purpose. Further details ol each fund are ¢Jisclosed in note 15. (¢1 Incom• rncognltlon All income is recognlsed once the chartly has enlSllemenl lo the Income,11 1$ probable Ihal the income wll be reeeived and the amount of income ceIvable can be mea8ured feliably. Donation5 are recognlsed when Ihe charity ha5 been notified in wfSllng of both the amount and Sgltlement dale. In the event Ihal a donalion 19 5ubje¢l lo condilions that requir 4 lev¢1 of performance before the eh81ily is enlilled lo the funds, the income is deferred and not reCOgne¢j unlil either those condition5 are lully mel, or Ihe lulfilmenl of those condrtions is wholty wilhin the control ol the charity and il Is probable Ihal those conditions wlll be lulfilleil in Ihe reporting period. Interest on lunds held on deposit 1$ included when receivable and the amount can be measud reliably by Ihe charity., Ihis 15 normally upon nolificotion of Ihe intere¥l paid or payable by Ihe bank. Operating CoMe represents 9ranls, conlracts, donation8. facllllles charges 8n(I bank Interest. Idl EMndItUT• Recognlllon Liabilities a recognised os expenditure 0$ soon a$ Ihere is a legal or ¢onslruelive obligatlon commilling the charity lo Ihal expendiluce, 11 1$ probable that settlemenl will be fequire¢J and the amount ol the obligation can be measured reliably. All expen(lilure is accounted lor on an accruals basi5. All expenses including support costs and govemance eosls are allocated or apporlioned lo Ihe applicable expendilure headings. For more nlomialion on th15 8llrlbullon feler lo note (Q below. 101 Irr•cov•r•bl• VAT IrCO¥er?ts1e VAT Is Charged again$1 the expendllure he8ding lor which11 wJ¥ Incurred.
SECTOR 3 STOCKPORT 10 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 In Allocatlon of support and governancè eogts Support costs have been allocated betren govemance costs and othef supporl costs. Governance COSIS comprise aN costs involving the public acwuntabilily of the charity and its Compliar wlh re9vlalion and good practice. These costs Include costs relate¢ lo Independent examinallon 8nd legal lee5 logelher with an apportionment of overhead and support costs. Govemance COSIS and support costs felaling to charitable aetsvities have been apportioned based on slaff lime and facililles used in each activily, The allocallon ol support and govemance costs 18 anatyBed in nole 7. 191 Charltable A¢tivltles Cog19 of charilable a¢liville5 include governance costs and an apportlonmenl ol support Costs as shown in Nole 6. Ihl Tan9lbl• fixed assets and d•precl•tlon Fixed assets a inclvded in the accounts al nel book value. Addltlon8 of • ¥lngle Slem or a group ol similar assets exceeding £SOO, are capilallsed al cost Ivalualion for donated assetsl. Depieciation ts provided lo write off the cost less the eslimaled resldual value ol tangible fixed assels over their eslimaled useful lives as follow$'.. Compulef Equipment Furnitu and E9uipmenl 33.33% on co81 33.33% on cost 111 T•xallon A$ a charily, Synergy Stockport Lld Is exempl from lax on Income and gain$ falllng wilhln section 466 10 493 of the Corporalion Taxes Act 2010 or S258 of Ihe Taxation of Chargeable Gains Acl lo the extent Ih31 these are applied lo ils charitable obje¢ls. The charity 1$ not registe lor Value Added Tax. No tax charges have arlsen in Ihe thaoty. U) Penslon$ The charity conlribules lo a Jefined conlrlbullon I slakeholder pen$lon scheme. The charlly hès no ljabllily beyond making118 conirlbulions and paying across the d•du¢llons lor Ihe employee'6 ¢onlribulion$. Contribulions aT¢ charged lo expendilure a8 they fall due. Ikl Conllngont Ilabllltl•• A conlingenl Ilability Is idenlified ond diselosed loi those Iransacllons resulting from 8 posslble obligalion whleh will only be Confirmed by the occurrence ol one or more uncertaln luture evenl3 not wholty within the Iruslees. conlfol. 111 Op•r*iing L••8•$ Rentals are chaiged lo Income and expendllure gs they fall ¢Jue. Im) Grant Maklng Grants are awarded by a panel in Ilne wlh charllable oble¢l$ ènd are m8de lo Slockport based VCFSE organisalions lo support Ihe work Ihey do In communille8. The 9r8nl¥ are awarded by a panel whith conlains independenl community members. In) Oebtors Trade and other Lleblors Bre CognISed 81 Ihe settlement amount due after any trade dl8count offered. PpaymentS are valued al the amounl prepald net ol any trade discoynls due. lol Cfedltors and Provlslon8 Creditors and provisions are e0gnISed where the charlty has a presenl cbllgallon resulllng trom pasl event Ihal Mll pcobably sU11 in Ihe transfer ol Ihe lunds lo a third paty and the amount due lo seitle the obligation can be measured ol eslimaled reliably. Cfedilors an¢J provisions are normaly recognisetJ al their selllemeni amounl afler allowino lor any trade discount$ due.
SECTOR 3 STOCKPORT 11 NOTES TO THE ACCOUNTS FOR THE YÉAR ENDED 31 MARCH 2024 2 RELATED PARTY TRANSACTIONS AND TRUSTEES. EXPENSES & REMUNERATION The Iruslees all give freely their time and expertise wilhoul any form of femuneralion or any Olr benefit in klnd. 3 DONATIONS AND LEGACIES Unr•strlcted Restrlcted Totsl Funds 2024 2024 2024 General Donations 4.521 4,521 4,521 Prlor Year Llnr••trlct•d R••lrlct•d Totsl 2023 General Donatn$ 54,308 54.308 4 INCOME FROM CHARITABLE ACTIVITIES Unr•strlet•d R•Jtrlet•d 2024 2024 Total Fund• 2024 National Lollery Community Fund Stockport MBC - Core Stockport MBC - Communlty Cttamplon8 Stockport MBC - EOI Stockport MBC- Family Hubs Stockport M8C Stockport M8C . Volunteer Hub 10GM VRU Gceater M8nchesl81 Comblned Aulhority GM Slep Change Giealer Manchester Combined Aulhorily Stockport Relugee Consortium Slo¢kporl Oevelopmenl GMCVO Stockport MBC - UKSPF 10GM- UKSPF stockport MBC Food Netwo 39,800 70,000 25,000 39.800 70.000 25.000 40.000 27.659 5,938 25.000 12,500 17.827 12.500 28.500 900 2.000 57.700 20.000 69.502 5.000 449.828 40,000 27.659 5,938 25,OC4J 12,500 17,827 12,500 28.500 900 2,000 57,700 20,000 69,502 5,000 238,265
SECTOR 3 STOCKPORT 12 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 4 INCOME FROM CHARITABLE ACTIVITIES conL Prior Y•ar Unrostrl¢t•d R•$trlci•d Total 2023 Nallonal Loiiery Community Fun(1 Slockport M8C- Core Slockport MBC - Communily Champion Stockport M8C IHSGI Slockport MBC IOGM VRU WEA Round 2 GMCVO 4,800 70.000 15,000 22.000 40,000 12,500 2,375 70.000 15.000 22,000 40,000 12.500 2,37S 260 989 260.989 ' EXPENDITURE ON RAISING 3 FUNDS Prol•ct Costs Total 2024 44 44 44 44 Total 2023 360 360 Fundraising Cosls EXPENDITURE ON CHARITABLE ACTIVITIES ProJoc¢ Costs T¢)ts12024 Total 2023 Salarles & Penslon Costs Seconded siaN Evenls & Aclivllies Giants Awarded Reeruilmenl Consultancy Subscriptions Staff Travel Advertising & Publicity Sesslonal Fees Staff Training Room Hire & Refreshmenls Staff Welfare Supporl C0519 Governance C031$ 272.817 272,817 208,283 40 12.706 2.340 725 49,753 8,981 739 5.820 180 1,140 6,825 31.260 31.260 98,129 8,686 11,854 1,402 98,129 8,686 11.854 1.402 4,670 9,863 4,670 9,863 64,140 1,476 64,140 1.476 504.297 32,430 864 331.192 2024 273,038 231,259 504.297 2023 137,748 193,446 331,192 Unreslrlcted Fund8 Reslricled Funds
SECTOR 3 STOCKPORT 13 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 hlARCH 2024 7 ALLOCATION OF GOVERNANCE AND SUPPORT COSTS Support Costs Gov•rn•nc• Costs 2024 Total 2023 Total Renl & Council Tax Heal. Lttt & Walef IT & Compulef Maintenance Repaits and Maintenance Consultancy HR SeNices & Payroll 8ook-Keeping Insurance Legal Fees Telephone & Inlefnel Bad Debts Printing. Slatlonery & Posl DepcIall0n Sundries Bank Chafges Accountancy Pen$ion Fees 4,322 1,878 27,184 4,322 1,878 27,184 660 1500 915 530 2410 3565 6378 4227 9,442 8.668 1,124 3.393 488 245 3.784 352 3.179 81 9,442 8,668 1.124 3,393 488 245 3,784 352 3,179 81 1.476 170 1393 553 9100 1.478 884 1027 33,294 64.140 STAFF COSTS 2024 2023 Salaries and wages Social security cosls Pensions 247.594 18,548 667S 817 189.263 13,722 No employee received emolumenls ol more then E60,000. The aveiage number of employees during the year was as lollows.. Numbef Number Seryices The charlty cons¢dets its key management personnel comprises the Iruslee8 and man3ger. The lolal employmenl benefits, including employer pension conlribukn.ons ol the key management personnel was £55.286 (Previous year.. E44,9331. No employee has benefils in excess of E60.000. 9 114DEPENDENT EXAMINERS FEES 2024 2023 Independenl examinaiion lees 8ook-keeping Services 864 516 1,476
SECTOR 3 STOCKPORT 14 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 10 TANGIBLE FIXEO ASSETS Computer Equlpm•nt Tol•l COST Al 1 April 2023 Additions Al 31 Mareh 2024 2.573 2,S73 DEPRECIATION Al 1 April 2023 Charge lor Year At 31 March 2024 2.034 352 2,034 352 2.366 NET BOOK VALUE Al 31 March 2024 Al 31 March 2023 187 187 11 DEBTORS 2024 2023 Deblors Prepaymenls & Other Deblors 37.436 225 7.648 7.873 38.278 Reslricled Unreslricled 5.225 2.648 7.873
SECTOR 3 STOCKPORT 15 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 12 LIABILITIES: AMOUNTS FALLING OUE WITHIN ONE YEAR 2024 2023 Other Ciedilor5 Oelerred Income Accruals 8.016 104,000 5.407 115,423 6,400 91,630 6,520 104,550 DEFERREO INCOME Balance as al 31st March 2023 Amount released io income earned Irom ch8rilable activities Amount deferred In year Balance al 31sl March 2024 91,630 (91,6301 104,000 104 000 13 TAXATION AND VAT As a chanly. Seclor 3 Stockport is exempl from lax on income and gains falling within seclion 486 10 493 of Ihe Corporation Tax Act 2010 or S256 of the Taxation of Chargeable Gains Aci lo the extent that these ale appllet110 rts Charllable objects, The charity Is nol registered lor Value Added Tax. 14 GRANT MAKING Analysis of 9fanls paid lincluded li cosl of charitable aclivilies) Gr•nt• 10 Gr•nts to Sn•tbtutlons Indl¥ldu•l8 Support Costs 2024 2023 Communlly Grants 31,260 Commvnily 9ranls are awarded lo organlsallons followln9 an appll¢allon process wllh decSsions made by 8 panel conlaining independenl community members. In 2024 grants We awafded to 1512023,, 51 or9anisalion8.
SECTOR 3 STOCKPORT 16 NOTES TO THE ACCOUNTS FOR THE YEAR ENOED 31 MARCH 2024 15 MOVEMENTS IN FUNDS At 1st April Ineomlng 2023 Re$oufCeS Outgoing At 31st March Resourc•s 2024 Trnnsfers Restiicleil Funds.. National Lollery Community Fund Slockport MBC - EOI Slockport M8C . Family Hubs Slockport M8C - Volunteer Hub GM Step Change Greater Manchester Combined Aulhority Slockport Refugee Consortium Slockport M8C- UKSPF 10GM- UKSPF Slockpon M8C - ARC Slo¢kport M8C - OSLF Slockport M8C - HAF Stockport M8C - Community Champion Stockport MBC - Food Ne0 Stockport M8C {HSGI Stockport M8C Bollon CVS IOGM VRU WEA WEA Round 2 Great Places Houslng Group GMCVO Proper Good Stockport MBC . Core Slockporl MBC - Conne¢tor SMBC. IT Updale 9,808 9.808 23,006 27,859 40,000 27,659 116,9941 40,S87 15,000 155.S871 12,500 28,500 900 20,000 69,502 12.500 23.145 6,510 111.8651 17.0001 6,100 20.000 69.502 1.008 580 5.000 12.571 118.8931 22.000 25.750 500 19.673 597 60 15,000 46,033 472 1.929 11,0081 15801 15.0001 18.4231 6,148 18.893 122,0001 125.7501 15001 16,5561 1597} 160} 115,000) 146,033} 1472) 11,929} 12,500 25.617 197 090 211.561 231259 217385 Unrestricted Funds.. Geneial 249 775 249 775 281.282 261,282 39.993 273 082 273 082 197,982 197 982 Tolal Fund 446,885 472.843 $04,341 415367
' SECTOR 3 STOCKPORT 17 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 1S MOVEMENTS IN FUNOS Pfior Y•8r At 1st April Incoming 2022 RKources Outgoing At 315t Mafch Re$ourc•s 2023 Transfers Reslricled Fuftds.. National Lottery Communlly Fund Stockport M8C - Volunteer Hub Stockport M8C - ARC Slo¢kport M8C - OSLF Stockport M8C - HAF Slothport MBC - Community Champ. Stockport MBC - Foo(J NeOrk Stockport MBC IHSGI Stockport MBC Bolton CVS GMCA 10GM VRU WEA WEA Round 2 Greal Places Houslng Group GMCVO Proper Good Stockport MBC - Core Stockport MBC - Connector SMBC. IT Updale 5.568 66.237 1,008 15601 125,6701 9,808 40.567 1.008 580 5.000 12,571 118.8931 22,000 25,750 500 6.510 19.673 597 60 1S,000 46.033 472 1.929 14201 5,000 3,327 15,000 15,7561 {18.8931 22.000 40.000 114,2501 500 6.510 8.000 597 60 15.000 12,500 18271 2,375 12,3751 94.314 70,000 155,1671 169,5281 1,929 7,92S 129 547 260,989 193446 197.090 Unreslri¢led Funds.. General 328,473 328.473 138.106 138.106 249.775 249,77S Total FundB 45 44
SECTOR 3 STOCKPORT 18 NOTES TO THE ACCOUNTS FOR THE YEAR ENDEO 31 MARCH 2024 IS hlOVEMENTS IN FUNDS Namp of restrlct•d fund: Description. Traturo and purpose ol the tund Naiional Lollery Communlty FLmd lo cover costs ol websble, markellng & communlcalions, to deliver leaming and neN¥orking events for VCFSE seetor. to fLtnd a Community inclusion lead to employ a Family Hubs CordIna10r lo support the resil¢ence of the VCFSE providers io lead Ihe developm•nl ol Stockport's Volunteer Hub lo lacililale Ihe development of a Slothport Relugee 8 Asylum Seeker Consortium Greaiec Manchesier Combined Authority toward5 Keep Stockport Caring project Slockporl Refugee Consortsum match luniling for Slep Change Project 'Slockport MBC- UKSPF employment ol an apprenlice 10GM . UKSPF Infraslruclure support development Stockport M8C . ARC towards Afghan Relugee Project Stockport MBC- OSLF grant monie5 lo distribute to the VCFSE sector Siothport M8C. HAF lo engage and support VCFSE HAF providers Slockport M8C - Community Champlon grant monles lo diglribule lo Ihe VCFSE sector Slockport M8C - Food Nelwo to lacililaie Ihe development of the Sloekport lood netrrk Slockporl MBC IHSGI lo support cost ol living adivilies Slockporf MBC lo support Ihe development of EDI neiworks In the borough Bolton CVS to support Ihe delivery ol Ihe GM VCFSE eommissioning framework implemenlallon lo employ a VRU co-ordlnalof for Slockport lo dèvelop an¢ dellver an inspiring enlerpllse programme 10 develop an¢Y deliver an inspiring enterprise programme lor another cohort to support the development ol Infraslruelure 8ervlceg for Ihe VCFSE In siockporl lo support Ihe ¢Jevelopmenl of social economy orginisations in Siockporl to support Ihe development ol core infrastructure services lor the VCFSE in Slockport support lor ¢ommunlty conn8cior loward8 Ihe ¢o$l of an IT upgrade Stoc*port MBC - EDI Stoekport MBC- Famity Hubs Siockport MBC - Volunteer Hub GIA Slep Change 10GM VRU WEA WEA Round 2 Greai Pl8ces Housing Group GMCVO Proper Good Stockport M8C - Core Stockport MBC . Connector SMBC - IT Up(Jale
SECTOR 3 STOCKPORT 19 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 16 ANAL YSIS OF NET ASSETS BETWEEN FUNDS Unrestricled Funds Restricted Funds Total 2024 Tangible Fixed Assels Net Current Assets 187 197 795 197.982 187 415.180 415.367 217 385 217 385 Prlor Y•ar Unrestficled Funds Restricted Funds Total 2023 Tangible Fixed Assels Nel Current Assets 539 249.236 249.775 539 446.326 446,865 197090 197,090 17 CONTINGENT LIABILITIES 2024 2023 Al 31 March 18 CAPITAL COMMITMeNTS Aulhorised bul not conlracted for £nil12023.' £nil}. 19 GOING CONCERN The funding regime has ch8nged from mainly grant funded lo a predornlnanity commSsslonlng b8318 vthich has a greater Oegree of uncertainty lor the charity. Due lo responsive planning, the Iruslees constder thal11 Is appropriate lo prepare the accounts on a going concern basis and. consequenlty, the aw>unls do not include any adju81ments that would be necessary il Ihe funding $ourees shoukl ¢e4$e. 20 CONTROL OF THE COMPANY Control ol the company lies with the volunteer Iruslees name(l on P8ge 1. 21 POST 8ALANCE SHEET EVENTS The Iruslee5 consider Ihat there are no other slgnlficanl po81 bglance 8heet events that impact on the financial statements 8$ presented,