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2021-03-31-accounts

Page
Legal and administrative information
Trustees'
annual
report		 2- 15
Independent
examiner's		 report 16
Statement offinancial activities 17
Balance sheet 18
Statement
of cashflow		 19
Notes to the accounts 20-24

Project outcome Percentage
Young carers will feel more confident, happier and 79)6 reported feeling
more
confident,		 happier and more
more relaxed relaxed as a result of Family Project support
Cared-for people will feel more confident, better 80%reported feeling more confident, better supported and
supported
and less isolated		 less isolated as a result of FP support
Young carers will experience a 10% reduction (on 72%reported experiencing
a reduction		 in their caring hours
average)
in their		 caring hours as a result of Family Project support

restated
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds 2021 funds funds 2020
Notes f E f E f f
Income from:
Donatians
and grants		 2 190,472 11,386 201,858 150,713 15,830 166,543
Charitable
activities		 3 173,489 271,143 444,632 169,388 258,253 427,641
Investments 16 16 73
Tatalincame 363,977 ~282 529 ~646506 320,174 274,083 594,257
Expenditure
on:
Fundraising
activities		 1,902 1,902 541 1,259 1,800
Charitable
activities		 4 305,607 250,288 555,895 234,408 252,691 487,099
Tots I expenditure uco, 4Nco
Net income/(expenditure) 56,468 32,241 88,709 85,225 20,133 105,358
Transfers between funds 14 2,779 (2,779)
Net movement
in funds		 59,247 29,462 88,709 85,225 20,133 105,358
Total funds brought forward 173,393 76,394 249,787 88,168 56,261 144,429
Total funds carried forward

As at 31March 2 0 21
Notes 2021 2020
6 6
Fixed Assets
Tangible Assets 4,099 2,222
Current assets
Debtors 10 998 998
Cash at bank and In hand 360,022 266,600
Total current assets 361,020 267,598
Creditors: amounts falling due within one year 11 (26,623) (20,033)
Net current assets ~334397 247,565
Total assets less current liabilities 338,496 249,787
Creditors: amounts falling due after more than one year
Total net assets 338r496 249,787
Funds ofthe Charity
General funds 157,277 109,541
Designated
funds		 75,363 63,852
Totalunrestricted funds 232,640 173,393
Restricted income funds 14 105,856 76,394
Totalfunds 15 ~338496 249,787

1 Accounting
Pogcies
(a) pa«is ofpreparation
sh fk Idyoungcarersproj
ctisachantable
mp nyinth
unitedKirigd		 mlmitedby gus antes Inthem ntth tth ch rityiswounduptheliabilitylnrespectoftheguranteeis
ymited toEl per member ofthe charity.
The address ofthe regoterd		 office o given in the comp
ny		 information on page I of these financial statements.
The financial
statements
have
been
prepared
in accordance
with		 the Statement of Recommended Practice: Accounting and Reportrng
by Charmes		 preparing therr accounts in
acconlance
the Financial
Reportlng
Standard
appgcabl
I
the
UK		 and Republic of Ireland (FRS 102) (second ditio
),		 the Financial
Reporting		 Standard applicable in the united
Kingdom and Republr
fir land(FRS102) and with theChanliesA«t		 2011.
The charky meets the deilnitio
of a p bgc ben
fit
ntity a
d lined		 und r FRS102.The financial
statements		 a e pr
nled		 in st rling which
is the		 functional currency of the cha ity
and are rounded to the nearest Et.
(b) Income
Income
I
recognised
in the SOFA when the charity has entitlement		 to the funds, any performance «onditions attached to the monies
have been		 met, the ecelpt of the income is
probable
and its amount «an be reliably measured.
Income from government
and other gra ts, whether
'capital'
grants		 or ' avenue' grants, is recognised when the charity has entitlement
lo the		 funds, any performan«e conditions
attached to the grants have been met, It is probable that the income will be received and the amount can be measured
reliably and Is		 not defe
ed.
(«) gtrdendihpeand)EIMiffae
Expenditureis
r cog
I
d
nc
therelsalegalorc
nstruoiveobgg		 ti nt m
k		 p y ntto third p rty, itlspr
b		 blethat ttl
m ntwillb		 r qul d ndth mo nt fth
obligation
can be measured
reliably.
irrecoverable
YAT o charged as a cost against the activity for which the expenditure		 was incurred.
(d) Tanglble ffxed assets
All itwns of capital cxpcnditure
below ESDD ere wnttcn
off as mcurred.
D preciation
has been calculated to write down the costor valuation,		 less estimated residual value, of ag tangible fared assets over their expected useful lives on a straight line basis:
Computer
and I.T.equipment
4years straight
line
(e) Cash and cash equivalents
Caih
nd cash equivalents
comprise
cash on hand and call deposits,		 and othe
short-term
highly
liquid		 Investments that are readily convertible to a known amount of cash and are
subject to an inslgnific
nt nsk ofchange
in value.
(f) Tradedebtom
Tradedebtorsareamou
tsduefromcustomersforsemlcesperfo
m		 dl th ordl erycoum ofbusln*ss.
Tr d
d bt rs are recognised
initially at the transaction
price. They are subsequently		 measured at amortised cost using the effective interest method, less provision for impairment. A
provision
for the impairment
ftrade debtors is established
when there		 i obje tiv evidenm that th comp ny will not b ble to ollect all amo nts due a«co ding to the rlgin I
terms ofthe recervables.
(g) Trade credffom
Trade creditors
are obligatrons
to pay for goods or sennces that
have been acquxed		 in the ordinary «ourse of business from suppliers.
Accounts		 payable are «lassified as current
liabilrties
if the chanty do
not hav
n
n ondit an
I nght at the end of		 the reporting period to defer settlement ofthe creditor for at least Iwelve months after the reporting
date
If the e Isanuncondibonalrighltodefersettlemenl
forat least twelve		 months
afte		 the epomngd te, they rap esentedas non cu rent Rebill as.
Trade creditor
are recognised
initially at the transaction
price
and subsequently
measured		 at amorti sad cost using the effective interest method.
(h) Fund accounting
Unrestnctedfund
r
d
n ti n
nd
th rin om
r c iv
bl
rg
n		 rat df rth b)ectsoftheorganisationwith utfurth rsp cifiedpurpos
ender		 availabl asgen ralfunds.
Desrgnated
funds are funds set aside at the dis ration ofthe trustee		 for specffc p o)acts.
Restricted fundsaredonationswhichthedonorhasspeufiedaretobesolelyus dforparticula
area		 ofth charilV«workorfo specificartisticpr (ect being ndenakenbythe
charity.
(I) Pensions
The organisation
has a defmed contributions
peneon scheme. Contnbutions		 are charged in the a counts as they become payable in accordance with the rules ofthe scheme.
(() Operating
lease rentals
Rentals under op rat ng leases are charged tothe statement
ofFinancial Activities		 on a strarght line basis over the lease term
Ik) Going concern
The financial statements
ham been preps
ed on a going co
e n basis as th
t ustees		 believe that no mat rial u c rial«tres exist. The trustees have considered the I v I I funds
held and the e pected
I vel of income a d
xpe
diture f r 12months		 from authonsing these finannal statements. The budgeted
income and expenditure		 rs suffioent wxh the level
ofreserves for the «banty to be able to continue
as a going concern

3 Income bum donations and grants restored
Unrestricted Restricted Total Unrestricted Restncted Total
funds funds 2DSI funds funds 2020
1 8 6 E f. E
Funder projem
Buttle 0s Itemsforspeclfl famiaes 1,150 1,150
Cutler's Company Chantable T ust Holiday activities 2Jxlo 2,000
Dixon Pitchfork Charitable Trust Fund Activities 750 750
Glasspool Ilems for specific families 840 MO
Paul Hamlyn Foundati n Growth Fund 100,00D IM,DM ICO,DCO IC0,000
Paul
H
mlyn		 F und II n Expert Support Package 3D,MD 30,000 30,000 30,MO
P
ul Hamlyn		 Foundation Emergency Fund 20,000 20,000
Carers Trust Emergency Fund 1,500 1,500
Sheffield
Family		 Houday Fund/F mgy
Holiday Assoostion Family holidays 2,990 2,990
The James Neig Trust Fund Emotional Wegbeing 2,000 Z,DM
The lames Negl Trust Fund Holiday activities 2,0M
The Spirit of Sheffi Id Childr n's Trust Christmas gifts a d IT 2,736 2,736
The Spl It fSheffield Chgdren's Trust Ho sday activltle 4,250 4,250
Th
Worshipful		 C mp ny fPewterers H 0d y tlvitles 3,00D 3,0DD 3,0M 3,000
SDOTogether Items for specific famiges L,DDD I,DDD
150,000 11,3$6 161,386 130,000 1$,830 IIS,630
Donations 40,472 40,472 2D,713 20,713
LSDJI72 1hsgs Zas,gss 230,725 ss,sso Lsa,ses
3 IIICOIM flalll dmlffgbh ~CIMgel mstot
d
Unrestricted Restlined Total Unrestricted ltestrict
d		 Total
funds funds ZMS funds fund 2020
6' 6 E E E
Funder Projew
BBCChildren in Need Action Group -2017-2020 9,890 9,$90
BBCChgdren in Need Action Group -2021-2023 9,414 9,414
BBCChildre in Need Young People's Prelect -Support worker 2017-2020 6,764 6,764 26,852 26,852
BBCChgdren I Need Young People's Project Support worker 2021-2023 22,293 22,293
Big Lottery Famgy Project 3 107,220 107,22D 99,382 99,362
Big Lonely Today for Tumor w P oiect 99,052 99,0$2 96,$29 96,$29
Henry Smith Charity Young People' s Pr j t-Support worker 26,400 26,400 2$,600 25,600
Sheffield City Council Young Carers and Hidden Harm Service 172,020 172,02D 164,000 164,000
172,020 271,143 443,163 164,MD 258,253 422,253
Student placement fees 4,252 4,252
Other income 1,469 1,469 1,136 1,136
173,489 171,143 444,631 169,3$8 258,253 427AOI
4 Expenditure onchanlableanlvltles
Direct
Project Direct salary Support
Cash mats casts Total
fnete 6) Enate 52 2021
8 8 E
SYCdirect 3$,751 177,$92 64,667 29B,DID
FamgyPr
j		 ct 2,325 70,255 19,22 I 91,$04
Action Group 2,384 5,343 7,727
Development 20,933 31,203 73,384 125,520
Activities and grants 32,834 32,83'I
~M227 ~.393 ~1771ls ~55$ggs
Prror Vsor companson restoted
Direct
Polis t Direct salon Support
Costs costs COStS Total
fnote 6J fnom Sj 2020
E E E
5TCdim&I 51,619 163,96S 8$4l5 296,992
Family ProJect 4,633 72446 \ 7,9DB 94,987
Action Group 4,178 5,0&I J71 9,413
Developme t 2,874 16,722 50,877 70,473
Activities end grant* IS,234 15,234
78,53S 258,200 150361 4S7,099
vnscom munsy Ace u t w 21

Notes lo the Accounts Notes lo the Accounts Notes lo the Accounts Notes lo the Accounts - continued - continued - continued
Forthe year ended 01 Idarch 2021
5 supporl cast~ rmt
ted
20ll 2020
E E
Support salary costs 123,665 107,026
Other Staff Costs 7,311 8,820
Offlce Costs 18,624 15,295
premises
and uubties		 1'l,094 13,416
Dep enation 1,613 741
Profess
n Ifees		 11,150 4,531
Governance
costs		 819 532
177,275 150,361
a Staff Cosis
1021 2020
E E
salaries 367,403 327,654
Employer's
National		 Insurance 31,254 28,673
Employer's
Allowance		 ( l,000) (3,00D)
Pension costs 13,401 11,831
400,05898910$
No employee
received		 emoluments of more than 660000.The average number of employees dunng the pened was 17(2020:15).
7 Feesto Independent examine 's organbatlon
2021 2020
3 E
Fe fwind
p nd		 nt min ti n 2,520 EJIOD
Other fees paid to Independent examiner's organisation for payroll, IT support and room hire 2ale 1,548
8 Trustees remuneration andexpenses, andthecostofkeymanagementpemonnel
The trustees
were		 not paid r re iv d ny ther b n ft
f		 m employm nt with the chanty in the year (2020.Enl). Nu lrustees were reimbursed expenses duri
g th		 ye r (2020:
One tr stee was reimbursed expenses ofE27).No charity trustee received payment fo profession Ior oth
r		 ervicas s poled to the charity (2010:Enil).
The key management personnel of the charity compnse the trustees and the Managing Diremor. The total employee
beneffts ofthe key management		 personnel
of the		 charity were
150,890(2020 148,260).
9 Tangible
Fixed Assets
Computer and I.T.
eaulpment Total
6 5
Cost or Valuation
Iu atIAnril 1020 2,963 2,963
Additions 3,490 3,490
Disposals
Al 4I51Mardi !N!1 ~659~853
Depreciation
Asat 1April 2020 741 741
charge this period 1,613 1,613
Dispose)a
As at M March 2021 ~2354 ~2354
Nct Book Yalue
At at 91Mamh 1011 EEMS 4,099
As at 31March 2020 ~2222 ~2222
M Debtors
2021 2020
E E
P epayments 999 998
ll Creditors: amounts fafflng due wlthln one year
2021 2020
E E
Trade creditors 399 406
Accruals 2,520 2,400
Other creditors 1,660 1,519
Taxation and social security 7,909 6,408
Deferred income 12 14,135 9,300
26623 20,033
VnSC Its n nt y 22

Prior year comparison Sarance at Sarance at Balance at
9/fwd Income Expenditure Tronsfers c/fwd
E E E E 4
strategic
nddevelopmentw
rk		 6,842 6,842
Pool H mlyn F undotmn:
Growth Fund		 SDD,173 (69,904/ 30,269
Paul Homlyn
Foundotron:
Emert Support Package		 30,000 (19,40I/ 10,596
Shegield
City Co un of. Young Coress end Hidden		 Harm 5ervice 164,0ixi (147,655) 26,145
6842 ~294 173 (237163/ ~63 352
14 Restricted funds
So(ence at Balance at
01-Apr-10 Income Expenditure
Transfers		 31-Mat 21
6 E. 8 6
SBCChadren
I
Need: A«tlon Gioup -2017-2020		 4,187 (4,1ey)
eecchedr
in N
d; Action Group - 2021-2023		 9,414 (3,540) 5,874
BBCChDdren
in Need. Young People's prefect		 Support worker - 2017-2020 8,443 6,764 (10,922) 'l,2$5
BBCChildren
In Need: Young peoplhb
pro)ect		 - Support worker -2021 2023 22,293 (14.025) 8,268
Big Lottery Awards fo
AD		 1,920 1,920
eig Lottwyi Famey Pro)ect I 781 iyel)
Biglottery: Today forTomorrow
Proiact		 14,498 99,052 (92,25S) 21,295
Sig Lottery: Famey pro)act 3 21,665 107,220 (91,804) 37,081
Buttle UK: Items for specific fameles 369 1,150 i1,519)
Dixon Pit«hfo
k Charitable
Trust Fund: Activities		 75D (750)
H
nry Smith Charity: 7 ung People's Pro)ect-		 Support worker 2017 2,359 (2,359)
He w Smith Ch
Ilv: Young People's Proiect-Suppod		 worker 14,593 26,400 (21,219) 2,359 22,133
Sheffield City Council: Young Carers Activity
Fund		 1,886 (1,886)
Sheffield
Family Holiday
Fund/
Family
Holiday		 Association: Famey activities 99 (99)
Sheffield Fam9y Holiday
Fund/
Family
Holiday		 Asso tati on: Famey holidays 199 (199)
The Worshipful
Company of Pewterers:
Holiday		 activities 1,262 3,000 (1,262) 3,000
The Cutters Company
Charitable
Trust: H43day		 activities 1,3$5 (1,3S5)
The Spint ofSheffield Children's
Trust: Christmas gies		 and IT 2,736 (2,736)
James Neil Trust Emotional
WeDbeing		 2,000
500TogetheriItemsf
rsp cfflcmmel		 I,DM (1,000)
carers Trust: Emergency
Fund		 1,5M (1,500)
Westfield
Health		 1,998 (1,998)
2ESM4 282ISM ~2M ~2,779
Ae f nds are restricted to the projects o activ(Ues as specified by the funders. Transfers in the year from Big lottery and Westfield
Health		 represent
completed		 prelect where th
funders
have agreed any remaining
funds can		 be spent on general activities. The Henery Smith charity funds have been combined, to b
spent		 on the extended pro)e«t by March 2022.
vAsc mm nyn o ntancy 23

14 Restrlctedfunds-conRnued
Prior yr rmmporison palonce ot Balance at
b/fwd Income Expendrture Transfers Wfwd
6 E E E E
BBCChrldren
In Need: Actmn Group		 3,710 9,090 (9,413) 4,187
BBCChrldren
rn Need: Young People 's		 Project Supporf worker 6,376 26,852 (24,785) 0,443
Big Lottery
A words for Ag
Big Lot tern
Fomily Pro)eel I		 1,920
I,778		 (997) 1,920
781
Big Loitem Family Pro)eel 2 16,255 (16255)
Big Lot terN
Fomgy Project Dave le		 pmen I 1,259 (L259)
pig LoNeryr Todoyfe
Tomonow		 Pro) ct 3,926 96,529 (85,357) 14,490
putd
UKL Remsforspenfrcfemrlres		 1,943 (1,574) 369
Duon Prtchf rk Chant
ble Trust		 Fund: Actrvrtre 350 750 (350) 750
Glasspook Items tor specific families BCD (OIO)
Henry Smith Chard y young People's Pro)acr - Support worker 1,359 2,359
Harm
Smhh Cho ay: Young Propl		 's Pm)est ~ Support «nrker 11,907 15,600 (21914) 14,593
Sh ffi Id City C uncg: Young Corers Activity Fund 1,866 1,886
Sheffleld City Councy: Young Peoples Project \9 (19)
Sheffield Fomgy Holiday Fund/Family Hogdoy Associotion: Family octrvitres 99 99
Shefffeld Fomgy Holiday FunWFomgy HogdoyAssociatron. Family holrduys 149 2990 (2940) 199
The Wonhipfui
Compony ofPewteren.		 Hogdoy ocDvlties 927 3,000 (2665) 1,162
Westfield Health 1,998 1,998
BigLolteryr Fomgy Pro/
t3		 99,301 (77,717) 21,665
The Cvdert Company
Cho itahl		 Trust Hogdoy octlvpies 2000 (615) I,SPS
TheI m sNeiy Tnrst Fund: Holiday artlvlties 2,MO (2,00D)
Ikesprrrl
)sac/jleldchrldmn'		 Inst:H lid y hwtw 4,2SO (4,1SU)
56,261 2700M ~285950 76394
15 Hetamelsbyfund
General Designated Restrtclml Total
flrrrds fuslds farlds 2011
E 8 6
Tangible
fixed
assets		 4,099 4,099
Net current assets 153,178 75,363 1D5,856 334,397
157277 75 363 105856 ~BM 96
Prior year comparotlve
Ge er I Desig ared pestricted Tot I
fund funds Ivlrd 2020
E 6 1 E
Tanglbieflxedo
* t		 2222 2,222
Nel c r e tot ets 107,319 63,852 76,3PI 247,565
109,541 63,852 76,394 249,707
16 Operating
lease commitments
As at 31March 2021 the cha ity wes committed to making the following payments under non cancelable operating leases as follows:
1011 2020
8 6
Payable within Iyear 852 b136
Payable between
1-5years		 852
851 1988