OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Sheffield Young Carers Project

2023-03-31-accounts

Page
Legal and administrative information
Trustees'
annual
report		 2-17
Independent
examiner's		 report 18
Statement offinancial activities 19
Balance sheet 20
Statement ofcashflow 21
Notes to the accounts 22-26

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds 2023 funds funds 2022
Notes E E E E E E
Income from:
Donations
and grants		 2 173,832 640 174,472 159,580 22,440 182,020
Charitable
activities		 24,978 614,455 639,433 137,809 315,583 453,392
Other - access to work 1,500 1,500 5,293 5,293
Investments 202 202 4 4
Total income 200,512 615,095 815,607 302,686 338,023 640,709
Expenditure
on:
Fundraising
activities		 3,627 3,627 3,134 3,134
Charitable
activities		 4 147,186 504,705 651,891 283,125 318,101 601,226
Total expenditure 150,813 504,705 ~655518 286,259 318,101 604,360
Net income/(expenditure) 49,699 110,390 160,089 16,427 19,922 36,349
Transfers between funds 14 (26) 26
Net movement
in funds		 49,699 110,390 160,089 16,401 19,948 36,349
Total funds brought forward 249,041 125,804 374,845 232,640 105,856 338,496
Total funds carried forward 55 1 1 58 1,855
As at31March 20 2 3
Notes 2023 2022
6 f
Fixed Assets
Tangible Assets 873 2,486
Current assets
Debtors 10 17,935 998
Cash at bank and in hand 534,513 389,077
Tota Icurrent assets 552,448 390,075
Creditors: amounts falling due within one year (18,387) (17,716)
Net current assets 534,061 372,359
Total assets less current liabilities 534,934 374p845
Creditors: amounts falling due after more than one year
Total net assets
Funds ofthe Charity
General funds 191,568 185,020
Designated
funds		 13 107,172 64,021
Total unrestricted funds 298,740 249,041
Restricted income funds 14 236,194 125,804
Total funds 15 ~534934 374,845
2023 2022
6 6
Reconciliation ofnet expenditure
to net cash flow from operating		 activities
Net income/(expenditure)
for the year (as per the SOFA)		 160,089 36,349
Adjustments
for:
(Increase)/decrease
in		 debtors (16,937)
Increase/(decrease)
in		 creditors 671 (8,907)
Investment
income		 (202) (4)
Depreciation 1,613 1,613
Cash flows from operating activities
Net cash provided
by/(used
in) operating		 activities 145,234 29,051
Cash flows from investing activities
Investment
income		 202
Net cash (used in)/provided by investing
activities		 202
Change in cash and cash equivalents 145,436 29,055
Cash and cash equivalents atthe beginning ofthe year 389,077 360,022
Cash and cash equivalents at the end ofthe year 534,513
1 Accounting
Pogffes
(a) gasis ofpreparatton
Sheffield Young Carers project is s charitable
company
in the United		 Kingdom
hmited
by guarantee.
In the event		 that the charity is wound up the liability in respect of the gurantee is
limited to 51per member ofthe charity.
The address ofthe registerd		 office is given in the company
information		 an page 1af these financial statements.
The finan«ial
statements
have been prepared
in accordance
with		 the Statement of Recommended Practice: Accounting and Reporting by Chanties prepanng their accounts in
accordance
the Fmanaal
Reporting
standard
appli«able
in the
UK		 and
Republic		 of Ireland (FRS 102) (second ed tion), the Financial Reporting standard applicable in the United
Kingdom
and RePubli«of
Ireland (FR5102)and with the Charities Act		 2011.
The charity meets the definition of a pubbc benefit entity as defined under
FR5102.The finanaal
statements
are presented		 in sterling which is the functional currency ofthe charily
and are rounded to the nearest 5t.
(b) Income
Income
Is recognised
In the SOFA when the charity has entitlement		 to the funds, any performance
conditions		 attached to the monies have been met, the receipt ofthe mcome is
probable
and its amount can be reliably measured.
Income from government
and other grants,
whether
'capital'
grants		 or 'revenue' grants,
is recognised		 when the charity
has entitlement		 to the funds, any performance conditions
attached to the grants have been met, it is probable
that the Income		 wdl be received and the amount can be measured
reliably		 and is not deferred.
(c) Expenditure,
Irrecoverable
VAT and gabgitles
Expenditure
ls recognised
once there
is a legal or constructive
obligation
to make		 a payment to a third pariy, it is probable that settlement will be required and the amount ofthe
obligation
can be measured
reliably.
Irrecoverable
VAT ischarged
as a cost against the activity for which the expenditure		 was incurred.
Support costs are those functions that assist the work ofthe charity but do not directly undertake
charitable
activities. Support costs Include		 adminntration costs, Enance, personnel,
payroll and governance
costs which
support the charitable
activities.		 Support costs have been agocated between activities based on staff time.
(d) Tangible fixed assets
Ag items of capital expenditure
below E500are wntten offas mcurred.
Depreciation
has been calculated
to wnte dawn the cost or valuation,		 less estimated residual value, ofag tangible fixed assets over their expected useful lives on a straight line basis:
Computer
and I.T.equipment
4years straight
line
(e) Cash and cash equivalents
Cash and cash equivalents
comprise cash on hand and call deposits,		 and other short-term
highly
gquid		 investments
that are		 readily convertible to a known amount of cash and are
subject to an insignifr
cant
nsk ofchange
in value.
(I) Trade debtors
Trade debtors are amounts
due from customers
for services performed
in the ordrnary
course		 of business.
Trade debtors are recognised
initially at the transaction
pnce. They are subsequently		 measured at amortised cost using the effective interest method, less provis on for impairment. A
provision
for the impairment
oftrade debtors
is established
when there u objective evidence		 that the company wgl not be able to collect ag amounts due according to the oriffnal
terms ofthe re«eivables.
(5) Trade creditors
Trade creditors are obligations
to pay for goods or servi«es that have been a«quired		 in the ordinary course of business
from suppliers.		 Accounts payable are classified as current
liabilities
ifthe charity does not have an unconditional
ight, at the end ofthe 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 after the		 reporting
date,		 they are presented
as non-current		 liabdiues.
Trade creditors are recognised
irntragy at the transaction
price and subsequently
measured at amort ised		 cost using the effective interest method.
(h) Fund accounting
Unrestricted
funds are donations
and other income receivable orgenerated
for the		 objects ofthe organisation
without
further		 speofied purpose and are available as general f nds
Designated
funds are funds set aside at the discretion ofthe trustees		 for speof cprojects
Restricted funds are donations
which the donor has specified are to		 be solely used for particular
areas		 ofthe charity's
work		 or for spe«ific artistic projects being undertaken by the
charity.
(I) Pensions
The organisation
has a defined contributions
pension scheme. Contributions
are charged		 in the accounts as they become payable
m accordance		 with the rules ofthe scheme.
U) Operating
lease rentals
Rentals under operating
leases are charged to the Statement of Financial
Activities on a		 straight line basis over the lease term.
(k) Corporation
tax
The charity is exempt
from tax on income and gains falling within section 505ofthe Taxes Act 1989or sectien		 252 ofthe Taxation of Chargeable Gains Act 1992to the extent that
these are applied to its charitable objects.
(I) Going concern
The financial
statements
have been prepared
on a going concern
basis as the trustees		 believe that no material uncertainties exist. The trustees have considered the level of funds
held and the expected
level of income and expenditure
for 12 months
from authonsing		 these financial statements.
The budgeted
income		 and expenditure is sufficient with the level
ofreserves for the charity to be able to continue
as a going concern.
2 Income from donations donations and grants and grants
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds 2023 funds funds 2D22
f f f 6 E E
Funder Project
Paul Hamlyn Foundation Growth Fund 100,0DO 10D,OOO 100,000 100,000
Paul Hamlyn Foundation Expert Support Package 30,0DO 3D,OOO 30,000
Paul Hamlyn Foundation Staff Wegbeing 15,000 15,000
The Carers Trust Items/activities for specific families 640
Worshipful
Company of		 Pewterer» fThe
Seahorses Trust) Group Work 5,000 S,IXIO 5,000 5,000
Family Holiday Assoaahon Famdy holidays 1,190 1,190
The Arts Sonety Ha liemshire Activities SDO 5DD
West Riding Masonic Lodge Digital access S,DDO 5,000
Dnon Pitchfork Charitable Trust Fund Activg les 750 750
135,DOO 64D 135,640 135,000 22,440 257,440
Donations 38,832 38,832 24,580 24,5M
275+32 640 174,472 3596M 22/MD 182AIZO
3 Income from charitable activities
Uermldctwl Restricted Total Unrestricted Restncted Total
funds funds 1023 funds funds 2022
6 4 6 E
Funder Project
BBCChildren in Need Action Group -2D20.2023 9,987 9,987 9,696 9,696
BBCChildren in Need Young people'5 project -support worker-2020 2023 29,848 29,INI 27,100 27,1M
BigLottery Family Project 3 111,719 111,719 109,451 109,451
BigLottery Today for Tomorrow Project 2 98,940 98,940 98,942 98,942
Henry Smith Charity Young People's Project-5upport worker 17,10D 17,100
NHS South Yorkshire Winter pressures project Funding 34,000 34,000
Paul Hamlyn Foundation Young Carers National
Voice		 25,000 25,000
Sheffield City Counol Core Service Grant 168,500 168,5M 42,125 42,125
Sheffield City Counol Core Service Grant - Substance misuse treatment 91,607 91,6D7
Sheffield City Counul Young Carers and Hidden Harm Service 130,843 130,843
The British and Forergn School Society Greater Reach, Bnghter Futures 27,754 27,754 28,269 28,269
614,455 614,455 130,843 315,583 446,426
5tudent
placement		 fees 2,100 2,100 1,494 1,494
Otherincome 22,878 22,878 5,472 5,472
~24 76 ~624455 ~639
3		 ~337809 ~335 83 ~453 52
4 Expendbure on charltaMe actlvltfes
Direct Project Direct salary Slrppcut Direct
Costs costs COSIS Total
(note 6)
f		 (note Sj
E		 2023
f
Young People's work 42,274 231,101 105,765 379,140
Family Project 15,505 81,259 21,361 118,125
Action Group 5,717 5,516 11,233
Development 32,834 18,578 53,621 105,033
Activities and grants 38,360 38,360
134,690 336,454 180747 ~651891
Pnor year comparison
Direct project Direct selorll Support
Costs cosfs COSIS Toroi
(note dj
E		 (note 5/f 2022
6
Young Peop/e's
work		 67,086 175,717 87,653 330,456
Fnmrly Prolecr 4,392 76,950 20,313 101,655
Action Group 5,642 5,026 44 10,712
Development 29,695 39,062 81,406 150,265
Artivrties
and grants		 6,245 1,993 8,238
113,060 298,748 189,418 601,226
Prior yeor mmp orison Prior yeor mmp orison Balance or Balance at
87/wd Income Expenditure Trans/ers arywd
E E 6 E
Pout Hamfy Foundotion.
Growth Fund		 28277 100,000 (100,928) 27,349
Pool Homlyn Foundotioni
Expert Support Pockope		 18,777 30,000 (29,213) 19,564
Shc/field Oty Council
Young Ca«ca ond Hidden		 Harm Service 28309 130,S43 flzd, \Dz) (33,050)
Counselling support (20,170) 33,050 12880
Group Work (772) 4,228
75,363 265843 (277,185) 64,021
Restricted funds
Balance at Balance at
01-Apr-12 Inmme Expenditure Tmnsfers 52-Mar-23
f f f 3 E
BBCChildren in Need: Action Group-2020. 2D23 4,8SS 9,987 (11,234) 3,611
98cchildren in Need: Young people's project - support worker - 2017 2020 4,285 (4,285)
8BC Children in Need: Young people's project - Support worker - 2020 2D23 7,175 29,848 (25,6D5) 11,418
BigLottery Awards for AO 1,920 (1,920)
Big Lottery: Today for Tomorrow
project 1		 35,119 98,940 (104,275) 29,784
Big Lottery: Family Project 3 39,915 111,719 (118,124) 33,510
Henry Smith Charity: Young People's Project - Support worker 2,236 (2,236)
Henry Smith Charity: Young People's Project -Support worker 17,100 (7,707) 9,393
Sheffield City Counah Core Service Grant 52 168,500 (167,007) 1,545
Sheff eld City Counak Core Service Grant - Substance misuse treatment and recovery 91,607 (16,952) 74,655
The Bruish and Foreign school society: Greater lice«h, Brighter Futures 5,352 27,754 (25,040) 8,066
West Riding Masonic Lodge
Digital a«cess		 S,DN ts,aoD)
Hardship
fund		 4,962 (4,764) 198
Paul Hamlyn Foundation
Staff Welibeing		 14,930 (2,902) 12,028
Paul Hamlyn Foundation
Young Carers National		 Voice 25,DOO (7,014) 17,986
NHS South Yorkshire: Winter Pressures
Protect		 Funding 34,DOO 34,000
The Carers Trust: Items/activities
for speafic families		 640 l640)
225,804 SSSNSS ~sprkyas 233194
AO funds are restricted to the projects or activities as specified by the funders. 25

Restricted funds
~ con		 tinue d
Prior year compo neon Balance ot Balance ot
3/fwd Income Expenditure Transfers c/fwd
E E E E 6
BBCChildren
In Need:		 Action Group - 2021-20Z3 5,874 9,696 (10,712( 4,858
BBCChgdren
in Need:		 Young People's Project ~Support worker -20172020 4,285 4,285
BBCChi/dren
in Need:		 Young people's project ~Support worker -2021-2023 8,268 27,100 (28,193( 7,175
Big lottery
AwordsforAB		 1,920 1920
Big Lottery: Todayfor Tomorrow Proiecl 21,295 (21,295j
Big l.otleryr Today for Tomorrow Project 2
Big l.orteryr Family Project 3		 37081 98,942
109451		 (63,823j
(101,655(		 (4,962( 35,119
39915
Dixon Pitchfork Chorilohle Trust Fund: Activities 750 (776( 26
Henry 5mlth Chadly. Young people's project - Support worker 22133 (19,897( 2236
Forngy Holiday Association: Fomrly holidays 1,190 (1,190(
The Worshipful
Company of		 Pawl creat Holiday ociiviti es 3,NXI (3,000(
James Neil Trust: Emotionol Wegheing 2 OOO (2000(
Sheffield City Counak Core Senice Gront 42,125 (42073( 52
The Arts Soaety Hogomshirer Activities 500 (500(
The Bntish and Foreign School Sodeiyi Greoter Reach, Bngh ter Futures 28,269 (22917( 5,352
West Riding Masonic Lodger Digital access 5,0lal 5,000
Paul Homlyn
Foundation:
Stuff Weghein0		 15,000 (70( 16930
Hardship
Fund		 4,962 6962
~105856 338,023 ~IB,101j 26 125Bpt
15 Netassetsbyfund
General Designated Resaicted Total
funds funds funds 2023
E E E
Tangible fmed assets 873 873
Net current assets 190,695 107,172 236,194 534,061
~19156S ~107171 ~236194 ~534934
Prior year compamtrve
Generol Designoted Restricted Totol
funds funds funds 2022
6 E E E
Tangible fixed assets 24S6 248I6
Net current assets 182534 64,021 125,804 372359
IS5,020 ~64021 125,804 374,845
16 Operating
lease commitments
As at31March 2023the charity was committed to making the following payments under non cancelable operating leases as follows;
2023
E
Payable within 1year 1,120 1,120
Payable between 1-5 years 2,240 3,360