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← Sheffield Young Carers Project

2022-03-31-accounts

Page
Legal and administrative information
Trustees'
annual report		 2-14
Independent
examiner's		 report 1S
Statement offinancial activities 16
Balance sheet 17
Statement ofcashflow 18
Notes to the accounts 19-23

woul d
like to achieve with our h		 elp and support.
The impact ofSYC's direct work with young people. In 2021/22 we:
Provided 181young people with practical and emotional
support.
Delivered 658confidential
one-to-one sessions and 88group
staata
tawes
gantML
ak		 sessions for young people (acombination
groups).
Wrapped
and delivered
Christmas
gifts,
Elevation
Recruitment
and Hallarn
FM's		 ofonline and face-to-face
generously
donated
by
Mission Christmas
appeal, to
4 more than 100young people.
Ran 22 holiday activities, including		 climbing, ice skating and canoeing
trips, alpaca walking
and producing		 our own radio plays!
Worked
In partnership
with		 education
and health services and
da signposted
49young people		 and their families to other

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds 2022 funds funds 2021
Notes E E E E E E
Income from:
Donations and grants 2 159,580 22,440 182,020 190,472 11,386 201,$58
Chaiitable
activities		 3 137,$09 315,583 453.392 173,489 271,143 444,632
Other- access to work 5,293 5,293
Investments 16 16
Total income 302,686 33$,023 640,709 363,977 2$2,529 646,506
Expenditure
on:
Fundraising
activities		 3,134 3,134 1,902 1,902
Charitable
activities		 4 283,125 318,1D1 601,226 305,607 250,2$8 555,895
Total expenditure 286,259 318,101 604,360 3D7,5D9 250 288 557,797
Net income/(expenditure) 16/27 19,922 36,349 56,468 32,241 8$,709
Transfers between funds 14 (26) 26 2,779 (2,779)
Net movement
in funds		 16/Dt 19p948 36.349 59,247 29,462 88,709
Total funds brought forward 232,640 105,856 338,496 173,393 76,394 249,787
Total funds carried forward

As at31March 20 2 2
Notes 2022 2021
6 6
Fixed Assets
Tangible Assets 2,486 4,099
Current assets
Debtors 10 998 998
Cash at bank and in hand .07 3
22
Totalcurrent
assets		 390,075 361,020
Creditors: amounts falling due within one year 11 (17,716) (26,623)
Net current assets 3»
Total assets less current Babilkies 374,845 338,496
Creditors: amounts falling due after more than one year
Total net assets
Funds ofthe Charity
Generalfunds		 185,020 157,277
Designated
funds
Total unrestricted		 funds 13 64,021
249,041		 75,363
232,640
Restricted income funds 14 125,804 105,856

Notes 2022 2021
6 g
Reconciliation ofnet expenditure
to net cash flow from operating		 activities
Net income/(expenditure)
for the year (as per the SOFA)		 36,349 88,709
Adjustments
for:
(Increase)/decrease
in		 debtors
Increase/(decrease)
in		 creditors (8,907) 6,590
Investment
income
Depreciation		 (4)
1,613		 (16)
~1613
Cash flows from operating activities
Net cash provided
by/(used
in) operating		 activities 29,051 96,896
Cash flows from investing activities
Investment
income
Purchase offixed assets		 16
~3,490)
Net cash (used in)/provided by investing activities 4 (3,474)
Change
In cash and cash equivalents		 29,055 93,422
Cash and cash equivalents atthe beginning ofthe year 360,022 266,600
Cash and cash equivalents atthe end ofthe year 389,077
1 Accoundug
Polhdle
(a) Reals ofpreparation
Sheffield Young Ca ers project is a cha itable company
in the United		 Kingdom limited by guarantee. Inthe event that the chanty is wound up the liability in respem of the gurantee is
limited to E1per member ofthe chanty.
Theaddress ofthe registerd		 office isgi e I the company information on page 1of these financial statements.
The finanual
statements
have		 been prepared
in accordance
with		 the Statement of Recommended Practice: Accouriting and Reporting by Charities prepanng their accounts I
accordan
the
Fm ncial
R p		 diam Standard
applicable
in the
UK		 and Republic of Ireland (Fns 102) (second edition), the Financial Reporting Stands d applicable in the United
Kingdom and Republic
of Ireland (F01102)and with the Chanties
Act		 2011.
The charity
eats the definition		 of a pubgc be efit entity as defined under
FRS1D2.The firiancial		 statements are presented in sterling which is the functional
cur ency		 of the charity
and are rounded to the nearest Ek.
(0) Income
I come is recognised
in the SOFA when the charity has entitlement		 to the funds, any performance conditions attached to the moni s ha b en met, the receipt of the Income Is
probable
and its amount can be reliably measumd.
Income from government
and		 other grants, whether
'capital'
grants		 or 'revenue' grants,
is recognised		 h th harity has titleme t to the funds, any performance conditions
anached to the grants have been met, It is protmble that the inco
e		 ig be received and the amount can be measured reliably and is not deferred.
(c) Expenditure
and liabilides
E pe
rbtum
is ecog ised once		 there is a legal or constructrve
obligation to make		 a payment to a third party, It is probable that settlement
will		 be equ ed and the amount
ofthe
obligation can be measured
reliably.
I mco arable VAT s cha ged as a cost against the activity for which the expenditure was incurred.
(d) Tangible feed assets
Ag items ofcapital expenditure below ESDD are written offas incurred.
Depreciation
has been calculated to write down the cost or valuation,		 less estimated sidualval e, ofag tangible fixed assetsover their expected useful lives on a straight line basis:
Computer
and
I T equipment		 4years straight
line
(ej Cash and cash equivalents
Cash and cash equivalents
comprise
cash on hand and call deposits,		 and other short-term
highly		 Iq
d		 in estments that are readily convertible to a known amount of cash and are
subiecttoan
nsignificantriskofch
ng
I
al e
(fl Trade debtors
Trade debtors are amounts
due		 from customers for services performed
in the ordinary		 course ofbusiness.
Trade debtors are recognised
initially at the transaction
pnce. They are subsequently		 measured at amordsed mst using the effectiv interest
method,		 less provision for impairment. A
provision
for the impairment
of trade debtors
is established
when there is objective		 mndence that the company wgl not be able to collect ag amounts due according to the oripnal
terms ofthe receivables.
(0) Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course		 of business from suppliers. Accounts payable are Uassifled as current
Rabilities Ifthe charity does not have an uncon ditiona I right, at the end of the reporting
period		 to defer settlement ofthe creditor for at least twelve months after the reporting date.
Ifthere Is an unconditional
right		 to defer settlement
for at least twelve months aha		 rthe reporting date, they are presented as non current liabilities.
Trade creditors are recognised initially at the transaction
price and subsequently
measured at amortlsed		 cost using the effective mte rest method.
(h) Fund accounting
Unrestncted
funds are donations
and other income receivable or generated for the		 objects ofthe orgariisation without further specified purpose and are available as general funds.
Designated
funds are funds set		 aside at the discretion ofthe trustees for specific projectx
Restricted
funds are donations		 which the do o
has spedfed are to		 be solely used for particular areas ofthe charity's
work		 or for speufic artistic projects being undertaken bv the
charity.
(I) I'e siom
The organisahon
has a degned		 contributions
pension
s berne. Contributions
are charged		 in the accounts esthay become payable m accordance with the rules ofth ch me
tjj Opmating
lease mntals
Rentals under operating
leases		 are charged to the Statement
of Finer		 cial Aoi Mes on a stra ght line basis over the lease term.
(kj doing concern
The Finanaal
statements
have		 been prepared
on a goi g co cern heals as the trustees
believe that no		 material uncertainties mdst.
The trustees		 have comidered
the		 le el of funds
held and the expected level of income and expenditure
for 12 months
from authodising
these		 0 n I
I		 tetements. The budgeted income and expenditure Is sufficient with the level
of reserves for the charity to be able to conti
a
gmM concern.
Vaac Rn 19
1 Income from donatlum donatlum and grants and grants and grants
Unmslncted Restricted Total Unrestncted Restncted Total
fUildS ftihdS ZOZZ funds firrids 2021
E 5 E f E f
Funder Project
Paul Hamlyn Foundation Growth
Fund		 100,0DO 100,000 100,000 IM,DOO
Paul
H
lyn		 Fo ndation Expertsupport P ck 8 30,000 30,000 3D,OCO 30,tNO
Paul Ha mlyn Foundadon Staff Wegbeing 15,000 15,000
Paul Hamlyn Foundation Emergency Fund 20,000 20,0IXI
Family Hogday Association Family holidays 1,190 1,190
The Arts Souety HaUamshire Actmt xs 500 500
The Seahorses Trust Group Hrork 5,000 5,000
west Riding Masonic Lodge Digital access 5,0M 5,000
Dixon Pitchfork Charitable Trust Fund Activities 750 750
The lames
NUU		 Trust Fund Emotional Wegbelng 2,000 2,000
The Spirit ofSheffield Children's Trust Christmas gifts and IT 2,736 2,736
The Worshipful Company ofPewterers Holrday activities 3,0M 3,000
Carers Trust Emergency Fund 1,500 h 500
Buttle UK Items for specific fsmgies 1,1SO 1,150
50DTogether Items for specific families 1,000 1,000
135,000 22,440 157,440 LSO,DDO 11,386 161,386
Doriatiohs 24,580 24,580 M,472 40,472
159,5M 22,440 1S2,010 tM/72 238$6 201,SSS
3 Income fram charitable acgvltles
Unrestricted Restricted Total Unrestrhted Restricted Total
funds funds 1022 funds fu ds 2021
5 4 E E f 5
FUrider Project
SSCChild en in Need Action Group - 1021-2023 9,696 9,696 9,414 9,414
BBCChgdren In Need Young People's Proiect Support worker 2021-2023 27,100 27,100 22,293 22,293
Big Lottery Family project 3 109,4SL 109,451 107,220 107,220
Bigtmt rt Today fo Ton arrow Proiect 2 98,942 98,942
Big Lortaiy Today for Tomorrow Project 99,052 99,052
Sheffield Gty Council Young Carers and Hidden Harm Service 130,843 130,843 172,02D 172,020
Shelf
IdGtyfo		 Core 5 r ceGrant 42,125 42,125
The Brnish and Foreign School Souety Greater Reach, Brighter Futures 28,269 28,269
Bnc chddren In Need Young People'5 Prolect support worker 2017 2020 6,764 6,764
Henry Smith Charity Young People's Prolect -Support worker 26,40D 26,4M
130,S43 315,5S3 446,426 172,020 271,143 443,163
Student placement*ex 1,494 8494
Other income 5Jl72 SATZ 1,469 1,469
137AIOS 315,S83 453,392 173889 271,145 44CVBZ
4 Expenditureancharhableactlulges
Direct Pm(act Dhert salary SUPPort Direct
COStS msm casts Total
(not~Sj
5		 (note Sj
E		 2012
f
SYCdirect 67,086 175,717 87,653 330,456
Family Project 4,392 76,950 20,313 101,655
Actioh GroUp 5,642 5,026 10,712
Development 29,695 39,062 81,408 1S0,165
Activities and grants 6,245 1,993 8,238
113,060 298,748 LS9AZS 601226
Prior year comporison
Direct project Direct salary Support
Costs cosfs costs Total
(note dj (note Sj 2022
5 E 5
SYCdirect 35,751 177,592 84,667 298010
Family Proj t 2325 70,253 29,224 91,004
Aetio
Gnup		 2384 5,343 T,727
Development 20,933 31,203 73,384 125,520
Activities ond gronts 32!84
94227 284393 177275 ~535895
vAs community accountancy
Sheffi
ai Voung O mm Pm(act
Notes tothe Accounts- continued
Far the year ended 31March 2022
5 Siipport mals
2012 2D21
Note 5 5
Supp
risalarycosts		 6 1Z9,627 123,665
Other StaffCosts 10,S98 7,311
Office Coils 23,647 18,624
Premues
and Utilities		 17,634 14,094
Deprenatnn 1,613 1,613
Professionalfees 5,070 11,150
Governance
mats		 929 818
MS/18 ~277275
a staff corm
2021
1
Salaries 386,348 367,403
Employer's
National		 Insurance 32,445 31,254
Employers
Allowance		 (4,000) (4,00D)
Pension costs 13,592 13,401
~428 375 NSSSs
No employee
received		 emoluments ofmore than 16D,000.The average number ofemployees during the penod was 18 (2021i17).
7 Feestoindependentexamlneys organlsagon
2022 2021
5 5
Feefor independent examination 2,550 ~2520
Other fees paid to independent examiner'I organisation
for payroll, software		 and room bra 10,692 2 526
8 Trustees remuneration and expenses, and the costofkey management pemonnel
The trustees were not paid or received any other benefits from employment with the charity in the year (2021: Enil) Travel expenses of518for one trustee were paid duri g the year
(2021;5 il) No othe cha ity trustee eccl ed payme tfor professional or other ser ices supplied to the chanty (2D21.Enil).
The key management personnel of the charity comprise the trustees and the Managing Director The total employee benefits ofthe key management pe sonnel ofthe charity were
E51,648 (2D21.t50,890').
9 Tangible
Fixed Assets
Computer and I.T.
esuipment Total
1 5
Cost orVehletiou
As at 1Apriil 2021 6,453 6,453
Additions
Disposals
Asat31March 2022 0,453~653
Depreciation
As at 1April 2021 2,354 2,354
Charge this period 1,613 1,613
Disposals
As at31March 1022 3,967
Net Book Value
As at31March 2022 2,4S6
As at31March 2021 4,099 4,099
2022 2021
8 1
Prepayments 998
11 Crednors: amounts faglng due within one year
ZD22 2D21
Note 5 E
Trade credaors 4,484 399
Accruals 2,550 2,520
Other creditors 1,772 1,660
Taxation
and sorel security		 8,910 7,909
Deferred
incoine		 12 14,135
17,716 26,623
vase m ityAwwritancy 21

2022 2022 2D21
6 6
Deferred income brought forward 14,135 9,300
Released
in		 the year (14,135) (9,300)
Deferred
in		 the year 14,135
Deferred
ncome at the end ofthe flnanoal		 year 14135
Deferred inmme relates to monies given by funders
In		 advance ofthe agreed contract/grant time penods.
13 Dengnatedfunds
Balanm at Balance at
01-Apr-21
9		 Inw m
f		 BG
dlture
6		 Transfers
f		 31-Mar-22
E
Paul Hamlyn Foundation: Growth
Fund		 28,277 100,000 (100,928) 27,349
Pa
I Hamlyn		 Foundat on: Expert Support Package 16,777 30,000 (29,213) 19,564
Sheffield City Councih Young Carers and H dden Harm Se Ne 28,309 130,843 i126,102) (33,050)
Counselling support (20,170) 33,D50 12,880
GroupWork 5,000 (772) 4,228
75,363 265843 ~(ZTT,MS 64/IZZ
Paul Hamlyn Foundation: Growth
Fund		 This nr stdcted grant was mceived towards «ore funding to support strategic and operational development and growth. The trustees have
chosen to designate this fund, to better Identify the costs incurred forth s vmrk
Paul Hamlyn Foundationi Experl 5upport This unrestrwted
grant was received towards costs identified
to		 realise growth
plans and suppart		 orgsni sat i on at development. The trustees
I'ackage have chosen to designate this fund, to hetter identify the costs incurred for this work. The transfer represents the purchase offixed assets,
Sheffield City counah
Young carers		 and This funding is a contract to prowde a service but the trustees have chosen to designate
this fund, to better		 identify the costs incurred for
Hidden
Harm Service		 this work. The contract finished in December 2021and the unspent funds have been transferred to Counseging support with the permiwin
ofthe funder The Sheffield City Council funding fromm January 1022 is identified as a restricted grant per the agreement.
Counseglng support This funding has been set aside to provide counselling support- initially with funds from the Sheffield Gty Council contract
Group Work This funding has been set aside tocover group work and activity costs - initially with a donation fram The Seahorses Trust.
Pnoryeor mmporison Saionce at Soienca ot
b//wd Inmme Dtpenditure Tmnsfers c/fwd
E E 6 6 6
Stratefirc enddevelapmentwork 6,842 /S,S42)
Poui Hamlyn Faundohonr Growth Fvnd 30,269 100,000 (9S,502J (3,490/ 28,277
Pour Humlyn Foun
do lions		 Expert Support Pa ceo ge 10,596 gfidtm (21,819J 18,777
paul Homlyn Foundononr Emergency Fund 20,498 (2D,498)
She/)told
Chy Council: Young Cerers		 ond Hidden Horm Service 16145 172020 /259,856J 28,309
68852 322518 ~307527) (3490) 75363
14 Restricted ftrrtds
fialance at Balance at
Support 01-Apr-21
6		 Income
f		 Expenditure Transfers
9		 31-Mar-22
f
SSCChildren in Need: Aetio
Group		 ~2021-2023 5,874 9,696 (10,712) 4,85S
BBCChgdren in Need: Young People's Proiect - Support worker-2017-2020 4,2IG 4,285
BBcchildren in Need: Young people's project - support worker 2021 2023 8,26!t 27,100 (28,193) 7,175
Mg Lottery Awards for Ag 1,920 1,920
Biglottery: Today for Tumor ow projert 21,295 (21,2951
Biglottery: Today for Tomorrow
Proiect		 2 98,942 (63,8231 35,119
Biglottery: Family project 3 37,081 109/I51 (101,655) (4,962i 39,915
0xo
Ptchf		 4 Charitable Trust Fund: Actwities 750 (776) 26
Henry Srmth Charily: Young People's Proiect - a ke 22,133 (19,897) 2,236
Family Holiday Association: Family holidavs 1,190 (1,190)
The Worsh pf
I Company		 ofPewterersi Holtday activities S,DCD (3,0001
James Neil Trust: Emotio el Wegbexw 2,000 (2,000)
Sheffield City Council
Core Service Grant		 42,125 (42,073) 52
The Arts Society Hagamshire:
Activities		 SDD (500)
The Brituh and Fo sign School Society: Greater Reach, Brighter Futures 28,269 (22,917) 5,352
West Riding Masonic Lodge: Digaal access 5,000 5,000
Paul Hamlyn Foundation: Staff Wegbeing 15,000 14,930
Hardship
Fund		 4,962 4,962
10figga 3388M (518,101) 26 125,8M

14 Restricted funds - continued
Prioryear mmponson Be(once ot 8 I eeet
8/fwd Income Expenditure tronsfew c/fwd
6 6 E E E
B BCChildren
in Need: Action		 Group - 20\72020 4,187 (4,187)
88cflrildren
in Need: Action		 Gm up -20112023 9,414 (3,540) 5,874
8 BCChildren in Need: Young People 3Project - Support worker - 2017 2020 8,443 6,764 fl0,922) 4,285
BBCChildrenin
N
d. Yo mr		 Peopieh Pro(ect 5 ppow worker-2021-ID13 2L293 04,025) 8,268
Br g toflan'
A norris for Ag		 1,920 1,920
Bigtotten r Family Pro)art I 781 (781)
Bigtottemr tedoy for tomorrow project 14,498 99,052 (92255) 21,295
8g tottecp F
ly Projem3		 21,665 107,220 (91,604) 37,081
Suit/a VK Rema forspedffcfomyfes 369 1,150 fl519)
Diiron Nichfork charitoble
Trust		 Fund: Accrvrnes 750 (750)
He rys
ah thor ry. Yo
g people's project-support		 worker-2017 2359 (2359)
Henry smnh chorrty. Young people's proflcr
suppon		 worker 14,593 26,400 (21,219) 2359 22,233
Shafield Ciry Council: Young Carers Awivi Iy Fund L886 fl,886)
She@Old Family Holiday Fund/ Family Holidoy pasociationr Family omivi tice 99 (99)
She)field Fomily Holiday Fund/ Fomyy Holldoy Associenonr Famrly holrdoys 199 NM)
The Worshipful
Compony ofPewterers.		 Holldoy octivitres 1,262 3,0DD fl,262)
The CuIlare Company
Charitokle		 Trust: Holiday owl vities 1,3SS (L385)
The Sprrit ofShe(geld Children's Trust: Chnstmas grfts and IT 2 736 (2,736)
lames Nell Trust: Emolio
ui Wegbeing		 2,0DO 2000
50D Together. Items for spa ific jomgies 1,000 N, DDD)
Coram Trust: Emeqrency
Fund		 1,500 IL50D)
West)mid Health 1,998 fl,998)
~7639I 232529 ~2502SS ~2779) 105356
15 Netesselsbyfund
General Designated Restrlmed Total
fuAIIs funds funds 2022
6 6 6 6
Tangible
fi edsssets		 2,486 2,486
Nat current swats 182,534 64,021 125,304 372,359
185,020 64021 115,804 374,0$
Pdoryeormmp
mdv
General Designoted Restricted totai
f nds furtds funds 2021
E E E E
Tangible)ised
assets		 4,D99 4,099
Ncl curlerrt ossms 153,178 75,363 105,856 334,397
\57277 75,363 105,856 ~338496
16 operagng lease comrnnments
As at31March 2022the charity was committed to making the following payments under non-can«elable operating leases ss follows.
2022 2021
6 6
Payable with m 1year 1,120 852
Payable between 1-5years 3,360
4/Nm SS2