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|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|
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||||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|