Registered number: 06848897 Charity number: 1137278
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 8 |
| Independent Examiner's Report | 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 - 12 |
| Notes to the Financial Statements | 13 - 25 |
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MAY 2024
| Trustees | Jane Jones, Chair |
|---|---|
| Luke Blair, Trustee | |
| Clare Marshall-Hardy, Trustee (resigned 19 August 2024) | |
| Yasmina Cherquaoui, Trustee (appointed 26 August 2024) | |
| Company registered number 06848897 Charity registered number 1137278 Registered office 4 Market Place Southwark Park Road London SE16 3UQ Accountants and Independent Examiner Martin Bailey FCA Goodman Jones LLP Chartered Accountants 1st Floor, Arthur Stanley House 40-50 Tottenham Street London W1T 4RN Bankers CAF Bank Limited 25 Kings Hill Avenue West Malling Kent ME19 4JQ Cooperative Bank PO Box 101 1 Balloon Street Manchester M60 4EP |
Page 1
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MAY 2024
The Trustees present their Annual Report together with the financial statements of the Charity for the year 1 June 2023 to 31 May 2024. The Annual Report serves the purposes of both a Trustees' Report and a Directors' Report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
The Charity also operates under the name Siblings Together
Objectives and activities
a. Executive Summary
SiblingsTogether continues our work in promoting the rights of children and young people in care for regular and meaningful contact with their siblings. We also strengthen friendships, family, identity, belonging and manage the pain of separation.
Being put into care can be a traumatic experience for many children and young people but then being separated from your siblings can add a whole new level of distress. Although it is recognised that siblings who are separated should have regular contact with each other there is no statutory requirement for local authorities to make this happen and this contact is often over looked by social workers who are under pressure to deliver statutory obligations.
Currently there are over 80,000 children residing in local authority care across England and Wales and it is estimated that over 50% of these children continue to be placed separately from their brothers and sisters. SiblingsTogether is the only charity in the UK that works to ensure children have regular contact with their siblings helping them to make life long memories and connections.
Page 2
(A Company Limited by Guarantee)
SIBLINGSTOGETHER LIMITED
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024
Objectives and activities (continued)
b. Highlights of 2023/24
Over the past year our team have continued to focus upon sharing our knowledge and skills, we have always seen this communication as a vital to offer training for a variety of organisations, social services, The Children’s Commissioner, foster carers etc, our information to services across the London is always highly regarded.
We have managed to retain our small team over the year with the support of volunteers, we are constantly looking to re-ignite our Monthly Activity Days as soon as we are able to secure funds, always hoping to prepare and run many more Barge trips for siblings in the coming years.
SiblingsTogether Exciting New Website :
Our new website was finally created following our successfully securing funding from the Newcome Collette Charity. We have been able to modify update and create a wonderful new window to the world, which will inform people about the work we do.
Following months of working closely with our website designers bringing content and photos etc, we were able to bring about our new website, learn how to operate it with relative ease, and learning about how to use its functions. We were delighted to have our new website complete and available to all by July 24. We continue to learn and get used to this new and improved website over time, adding new items.
Having this new website is enabling us to share what we do with the wider world, also for people to locate us and to read about our work, keep in touch with our connections and many different services. We have learnt that with vast changes in social care, such as referring teams, we need to be able to be found whatever the challenges.
We hope to be able to reach new and enthusiastic volunteers which is vital for the Charity, welcome new trustees and other much needed staff over the coming year, and hopefully the website will be able to inform them as much as possible.
The website began in November 23 and was finally completed and went up in July 24, which were able to promote on our twitter and social media groups.
Page 3
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024
Objectives and activities (continued)
First Christmas Camp at nearby Orpington Environment Centre. Close to London. Centre Ran By The Woodcraft Folk:
The CEO had discussions with their teams. We went out and met with the volunteer team and to make a site visit to explore and discuss the planning for the new Christmas camp which was to be held just 30mins drive out of London.
A relatively small outdoor activity centre, which is our favourite type of space for siblings camps, offering outdoor space which is surrounded by nature and woodlands, where we can experience a campfire and create a very special experience for a few days.
The centre is owned by the ‘Woodcraft Folk’, and their child-centred approach fits very well with our charity’s ethos, where children are able to play together and enjoy these wonderfully exciting and adventure spaces safely, supported by staff who understand their needs and can help work through many issues they may bring.
Making a Christmas space for siblings to reunite has always been something we wanted to aim for. Having connected to a number of local authorities we manged to achieve this with a number of local referrals of brothers and sisters. A total of 16 young people joined the camp in different sized groups, and experienced a wonderful Christmas time together with all the trimmings.
The Children’s Commissioner went so far as to donating gifts for the children which was very nice addition to their stay. The Woodcraft team of incredible volunteers created the most amazing Christmas dinner for everyone, followed by deserts and the all-important Christmas cake. There were beautiful decorations, log fires to enjoy, and additionally lots of games we could play as teams, which for most of the young people was a great fun experience to cherish. Many had forgotten what it was like to share time with their siblings at this time of festivities, which they hugely valued and spoke openly about.
We haven’t a great deal of funding but with the support of the Woodcraft Folk costs were kept within our means. The 10 volunteers, which included some of the centre's amazing people, helped make this experience positive and very memorable for all who attended.
Despite the cold weather outside we ventured out for long walks, football games, campfires, and fun bush-craft workshops lead by our volunteer Nathaniel Hill.
Invitation to offer full training of Ofsted Inspectors; based at their National Conference Centre:
Over two years we had met with lead directors and managers in Westminster, and our CEO had attended consultations and contributed to Careleavers issues and siblings in care issues over some time.
To be invited to train their national team of staff and national regional leads for inspection services in Childcare was a fantastic point to have reached in our development. Having initially struggled to be accepted or able to meet with them to discuss our work earlier in our development, we could begin to share our skills, learning and new understanding, from a variety of perspectives.
Page 4
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024
Objectives and activities (continued)
Organising training and materials :
Our CEO and a dedicated trustee, both professional therapists, were able to plan regularly to prepare these training sessions. We aimed to prioritise making the best training we possibly could for these inspectors as their influence to change and considerably improve on services was highly important to us.
Reaching the root causes of separation and looking at how things can improve for all children in care has been core to the charity’s aspirations. Not all charities have such a powerful opportunity to advise on shaping services and policies, informed by greater understanding.
To make the presentation have greatest impact, we wanted to make people think carefully and to reflect considerately upon these vital issues.
Those we are training are professionals at the very heart of a child’s journey through care, and can make a huge difference by asking the best questions on how to make contact and planning work for the siblings.
We impressed on the idea that to remain working towards positive meaningful contact would offer the young people an essential platform in which to retain a lifelong bonds which would be there in their times trouble and family life long into the future. To think and plan long term for children is best practice.
We put together a very considered pack and presented to a very appreciative and supportive national team of inspectors. Helping them understand the lifelong impact of their work too.
Recruitment of volunteers:
With the ending of ‘Team London’ volunteering website we have, like many other charities have, been seeking new alternatives. There are fewer that we expected but recruitment of volunteers is paramount for the events and days out etc. Local areas have volunteering opportunities and we are continually reaching out .
Quilts networks and foster carers:
Quilters have continued to offer the most amazing array of quilts which are produced by the large network who connect to us on their social media and other quilting networking events. Many are dedicated quilters who create these amazing gifts which are always much welcomed wherever we take them for the groups of siblings and care leavers.
Visiting local authorities and some colleges to share these quilts we are gifted is something we look forward to and those at university get to know that people understand them and wish to support them by making their room cost with a quilt. Over time we have also been able to provide laptops for their University also.
Staff training, ongoing development:
At a time when the team has less money to spend, it remains important that we continue to update training some of which is becoming even more essential and compulsory. The CEO and volunteers alike maintain these important training levels to ensure that we can offer the quality of skills which are required and offer the best safety for young people. We choose to keep this going and upskilling.
Page 5
(A Company Limited by Guarantee)
SIBLINGSTOGETHER LIMITED
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024
Objectives and activities (continued)
New Trustees:
We never underestimate the importance of their contributions and their ongoing communication and enthusiasm during challenging times. We have a very supportive team who are central to our charity.
We said goodbye to a dedicated trustee, who left to be closer to her family. They remained with us and supported us over 5 years offering her professional skills and working closely with our CEO on creating exciting training for the Ofsted teams. Dr Clair Marshall Hardly will be sorely missed.
We have been Joined by Yasmina who bring with her a great deal of experience in PR and human resources.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
Our goal continues to be improving funding levels year on year so that we can continue to extend our reach to those whom could benefit from our programs.
Fundraising remains extremely challenging but we continue to consider new sources of fundraising, as well as maintaining relationships with our exisiting funders.
b. Reserves policy
The Trustees have agreed a reserves policy of aiming to maintain reserves equal to approximamtely 4 months of running costs, which would equate to roughly £60k. Unrestricted reserves at the balance sheet date were £907 (2023: £12,607). Rebuilding free reserves is a priority for the Trustees. The Charity is grateful to those funders that provided unrestricted funding in the year.
Restricted funds at the balance sheet date were £27,007 (2023: £22,835).
Page 6
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024
Structure, governance and management
a. Constitution
Siblingstogether Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
c. Organisational structure and decision-making policies
The organisational structure is headed by the Board of Trustees which determines strategy and policy. Implementation of such policies and operational plans is delegated to the Chief Executive Officer and her staff. Staff execute policy decisions in close consultation with the Trustees. Staff are delegated authority for the day to day management of Siblings Togethers’ projects, campaigning and fundraising activities. The Charity works in close co-operation with other reputable organisations and charities with similar objectives.
d. Remuneration policy
The Board of Trustees aim to pay staff a fair salary that is competitive within the charity sector and proportionate to the complexity of each role. The Trustees are responsible in line with our charitable objectives based on the following principle: "Pay our staff an appropriate salary to attract and retain people with the leadership, experience knowledge and skills required to lead the transformation we are undergoing."
An annual review of salaries will be undertaken by the Chief Executive, which will take into consideration the rate of inflation over the year and the availability of funds to Siblings Together.
e. Risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular, those related to the operations and finances of the Charity and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
Page 7
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgements and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
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 records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................
Jane Jones Chair Date: 25-02-25
Page 8
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MAY 2024
Independent Examiner's Report to the Trustees of Siblingstogether Limited ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 May 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
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 Charity as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 26-02-25
Martin Bailey FCA Goodman Jones LLP 1st Floor, Arthur Stanley House 40-50 Tottenham Street London W1T 4RN
Page 9
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MAY 2024
| Note Income from: Donations and legacies 4 Charitable activities 5 Investments 6 Total income Expenditure on: Raising funds Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 47,578 - 1,123 48,701 7,410 52,991 60,401 (11,700) 12,607 (11,700) 907 |
Restricted funds 2024 £ 10,000 3,000 - 13,000 - 8,828 8,828 4,172 22,835 4,172 27,007 |
Total funds 2024 £ 57,578 3,000 1,123 61,701 7,410 61,819 69,229 (7,528) 35,442 (7,528) 27,914 |
Total funds 2023 £ 39,011 1,600 389 41,000 6,175 79,578 85,753 (44,753) 80,195 (44,753) 35,442 |
|---|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 13 to 25 form part of these financial statements.
Page 10
SIBLINGSTOGETHER LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 06848897
BALANCE SHEET AS AT 31 MAY 2024
| Note Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 14 Unrestricted funds 14 Total funds |
5,170 29,028 34,198 (7,270) |
2024 £ 986 986 26,928 27,914 27,914 27,914 27,007 907 27,914 |
14,598 33,556 48,154 (14,685) |
2023 £ 1,973 |
|---|---|---|---|---|
| 1,973 33,469 |
||||
| 35,442 | ||||
| 35,442 | ||||
| 35,442 | ||||
| 22,835 12,607 |
||||
| 35,442 |
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
Page 11
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee) REGISTERED NUMBER: 06848897
BALANCE SHEET (CONTINUED) AS AT 31 MAY 2024
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
Jane Jones
Chair
25-02-25 Date:
The notes on pages 13 to 25 form part of these financial statements.
Page 12
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
1. General information
SiblingsTogether Limited is a charitable company registered in England and Wales. The registered office is 4 Market Place, Southwark Park Road, London, SE16 3UQ.
The activities of the Charity are set out in the Trustees' Report.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Siblingstogether Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The Charity's functional currency is Sterling. All figures in these financial statements have been rounded to the nearest £1.
2.2 Company status
The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.
2.3 Going concern
The Charity is reliant upon public donations as well grants from Trusts, Foundations, and some local authorities. The Trustees continue to prioritise fundraising and in particular for unrestricted funds. After making appropriate enquiries and after considering the future plans of the Charity, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the Trustees continue to adopt the going concern basis in preparing the financial statements.
2.4 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 13
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
2. Accounting policies (continued)
2.5 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
2.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank.
2.7 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and in relation to overall management of the Charity.
Expenditure on raising funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Charitable activites and Governance costs are costs incurred on the Charity's educational operations, including supporting costs and costs relating to the governance of the company apportioned to charitable activities.
All expenditure is inclusive of irrecoverable VAT.
2.8 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following basis:
Computer equipment - 20%
2.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 14
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
2. Accounting policies (continued)
2.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.11 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.12 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.13 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
3. Critical accounting estimates and areas of judgement
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates and assumptions that are considered to have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Page 15
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
| 4. Income from donations and legacies Donations Total 2023 5. Income from charitable activities Contribution from local authorities Total 2023 |
Unrestricted funds 2024 £ 47,578 12,000 |
Restricted funds 2024 £ 10,000 27,011 Restricted funds 2024 £ 3,000 1,600 |
Total funds 2024 £ 57,578 39,011 Total funds 2024 £ 3,000 1,600 |
Total funds 2023 £ 39,011 |
|---|---|---|---|---|
| Total funds 2023 £ 1,600 |
||||
Page 16
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
6. Investment income
| Unrestricted funds 2024 £ Investment income 1,080 Investment income - local cash 43 1,123 Total 2023 389 |
Total funds 2024 £ 1,080 43 1,123 389 |
Total funds 2023 £ 345 44 389 |
|---|---|---|
7. Analysis of expenditure on charitable activities
Summary by fund type
| Charitable activities Total 2023 |
Unrestricted funds 2024 £ 52,991 17,778 |
Restricted funds 2024 £ 8,828 61,800 |
Total 2024 £ 61,819 79,578 |
Total 2023 £ 79,578 |
|---|---|---|---|---|
Page 17
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
8. Analysis of expenditure by activities
| Charitable activities Total 2023 |
Activities undertaken directly 2024 £ 58,132 75,969 |
Support costs 2024 £ 3,687 3,609 |
Total funds 2024 £ 61,819 79,578 |
Total funds 2023 £ 79,578 |
|---|---|---|---|---|
Page 18
(A Company Limited by Guarantee)
SIBLINGSTOGETHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
8. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs Food Travel and subsistence Venue hire Materials Rent Insurance Printing, postage and stationery Training Bank charges Bad debts Computer software Sundry Professional fees Casual labour Admin support |
Total funds 2024 £ 51,523 601 32 860 - 6,381 1,178 489 240 120 1,500 3,571 (9,130) 767 - - 58,132 |
Total funds 2023 £ 50,082 2,437 1,175 7,800 135 6,177 1,202 387 180 124 - 2,295 13 757 500 2,705 75,969 |
|---|---|---|
Analysis of support costs
| Depreciation Independent examiner's fees |
Total funds 2024 £ 987 2,700 3,687 |
Total funds 2023 £ 1,029 2,580 3,609 |
|---|---|---|
Page 19
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
9. Staff costs
| Wages and salaries Contribution to defined contribution pension schemes |
2024 £ 50,510 1,013 51,523 |
2023 £ 49,069 1,013 |
|---|---|---|
| 50,082 |
The average number of persons employed by the Charity during the year was as follows:
| 2024 | 2023 |
|---|---|
| No. | No. |
| 3 | 2 |
No employee received remuneration amounting to more than £60,000 in either year.
Amounts including employer's national insurance and pension contributions incurred in respect of key management personnel in the year totalled £45,277 (2023: £45,471).
10. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .
During the year ended 31 May 2024, no Trustee expenses have been incurred (2023 - £NIL) .
Page 20
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
| NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 |
|
|---|---|
| 11. Tangible fixed assets Cost or valuation At 1 June 2023 At 31 May 2024 Depreciation At 1 June 2023 Charge for the year At 31 May 2024 Net book value At 31 May 2024 At 31 May 2023 |
Computer equipment £ 12,703 12,703 10,730 987 11,717 986 1,973 |
Page 21
SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
12. Debtors
| Due within one year Trade debtors Prepayments and accrued income |
2024 £ 3,863 1,307 5,170 |
2023 £ 2,373 12,225 |
|---|---|---|
| 14,598 |
13. Creditors: Amounts falling due within one year
| Trade creditors Other taxation and social security Other creditors Accruals and deferred income |
2024 £ 2,802 759 197 3,512 7,270 |
2023 £ 694 851 197 12,943 |
|---|---|---|
| 14,685 |
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(A Company Limited by Guarantee)
SIBLINGSTOGETHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
14. Statement of funds
| Statement of funds - current year Unrestricted funds General Funds Restricted funds Camps MADS Questors Buddying Website Design Total funds |
Balance at 1 June 2023 £ 12,607 3,931 10,029 3,384 5,491 - 22,835 35,442 |
Income £ 48,701 11,000 - - - 2,000 13,000 61,701 |
Expenditure £ (60,401) (3,931) (2,897) - - (2,000) (8,828) (69,229) |
Balance at 31 May 2024 £ 907 |
|---|---|---|---|---|
| 11,000 7,132 3,384 5,491 - 27,007 |
||||
| 27,914 |
Siblings Together seeks funding for both restricted activities centred on our key activites such as residential camps and monthly activity days, and for core funding allowing for the development of new projects and the running of the Charity. If restricted funding doesn't fully cover the costs of specific project activities a transfer is made from core funding to ensure that they are fully funded.
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SIBLINGSTOGETHER LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
| 14. Statement of funds (continued) Statement of funds - prior year Balance at 1 June 2022 £ Unrestricted funds General Funds 32,367 Restricted funds Camps 3,657 MADS 12,134 Questors 3,384 Buddying 5,491 Creative Connections 1,286 General Siblings activities/projects 21,876 47,828 Total funds 80,195 |
Income £ 36,400 4,600 - - - - - 4,600 41,000 |
Expenditure £ (39,816) (4,326) (2,105) - - (39,506) - (45,937) (85,753) |
Transfers in/out £ (16,344) - - - - 38,220 (21,876) 16,344 - |
Balance at 31 May 2023 £ 12,607 |
|---|---|---|---|---|
| 3,931 10,029 3,384 5,491 - - 22,835 |
||||
| 35,442 |
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(A Company Limited by Guarantee)
SIBLINGSTOGETHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
15. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Unrestricted funds 2024 £ Tangible fixed assets 986 Current assets 7,191 Creditors due within one year (7,270) Total 907 Analysis of net assets between funds - prior period Unrestricted funds 2023 £ Tangible fixed assets 1,973 Current assets 25,319 Creditors due within one year (14,685) Total 12,607 |
Restricted funds 2024 £ - 27,007 - 27,007 Restricted funds 2023 £ - 22,835 - 22,835 |
Total funds 2024 £ 986 34,198 (7,270) 27,914 Total funds 2023 £ 1,973 48,154 (14,685) 35,442 |
|---|---|---|
16. Related party transactions
Other than as disclosed elsewhere in the financial statements, there were no transactions with related parties requiring disclosure in either the current or previous year.
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