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2024-03-31-accounts

Charity registration number 1140235

Company registration number 07363967 (England and Wales)

DERBY CITY MISSION LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

DERBY CITY MISSION LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees A N Town H C Disney J S Millard D Radcliffe A Mann G R Watkins E Milner (Appointed 17 May 2023) C P Briggs (Appointed 22 November 2023) J A Duffield (Appointed 21 February 2024) Charity number 1140235 Company number 07363967 Registered office 10 Normanton Road Derby DE1 2GW Auditor Azets Audit Services Westpoint Lynch Wood Peterborough Cambridgeshire United Kingdom PE2 6FZ Bankers Unity Trust Bank Plc 9 Brindley Place Birmingham United Kingdom B1 2HB Charity Aid Foundation Bank 25 Kings Hill Avenue Kings Hill West Malling Kent United Kingdom ME19 4JQ

DERBY CITY MISSION LIMITED

CONTENTS

Page
Trustees' report 1 - 4
Statement of Trustees' responsibilities 5
Independent auditor's report 6 - 8
Statement of financial activities 9 - 10
Balance sheet 11 - 12
Statement of cash flows 13
Notes to the financial statements 14 - 30

DERBY CITY MISSION LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The Directors of Derby City Mission Limited, who are also its Trustees (the "Directors" or the "Trustees") present their report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Companies Act 2006 and "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 1 January 2019)". References to the “Charity” and the “Company” are to Derby City Mission Limited.

Objectives and activities

Principal activities

The principal activities of the Charity are the relief of need amongst citizens of Derby, Derbyshire and surrounding counties based on Christian principles and to advance the Christian faith in the City of Derby and other parts of the world. This is in accordance with the objects contained in the Memorandum and Articles of Association, the Charity’s governing document.

Charitable objectives

The charitable objects of the Company are:

In their capacity as trustees as well as directors, the Trustees consider that they have complied with their duties under section 4 of the Charities Act 2006 to have due regard to the guidance published by the Charity Commission on the subject of public benefit. The Charity’s activities are summarised below.

The two underlying principles are:

Our main activity for the year has been the continued running of a number of social action projects which come under object 1 of our charitable objects.

Achievements and performance

Safe Space has continued to be a vital part of Derby’s housing pathway, providing emergency shelter for between 8 and 10 homeless people every night of the year. It is also a key day-time provision where vulnerable, homeless people can come in for refreshments, have a shower, wash their clothes and connect for support. In addition to this provision, this year saw the opening of our new, purpose-built emergency accommodation called The Ark. This has been built within DCM’s existing building and provides 8 extra bedrooms for homeless people. Each resident receives intensive, person-centred support, enabling them to be able to move to more longer-term and suitable accommodation. Opening on 4th September, The Ark has been full most of the time, we have seen really positive changes in people’s lives. At the same time as this new build, we also built a brand-new café area and community shop adjacent to The Ark. This new provision opened on 4th July and has been very well received. We have been able to provide a more dignified approach for people needing food parcel support. The café has also served as a Warm Welcome space which has seen the café develop into a real community hub.

DERBY CITY MISSION LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Both the By My Side and My Place teams have continued to support people with addictions, ex-offenders and have actively worked to help address key issues for better outcomes. Jubilee debt and welfare advice also continues to help an increasing number of people at its clinics throughout Derby. Jubilee is also the main referrer into our Christmas Connection campaign which helps provide Christmas presents to hundreds of children who otherwise would not receive any presents. Street Pastors has seen growth in its volunteer base allowing the continuation of its service to vulnerable people in the city centre every Friday and Saturday night. The DCM Storehouse community meal has been able to continue and has seen growth in people coming in for food but also to connect with others.

Measuring Outcomes

We continue to measure the results of our activities and services. Each successful funding application, grant agreement or contract has its own outcomes. Reports and data are submitted in line with these either monthly or quarterly. Regular monitoring takes place to ensure that each project meets its targeted outcomes. A narrative report also gives meaning to statistics ensuring that the impact of what we do is really emphasised – the difference that is made to people’s lives is the key reason we do what we do.

Financial review

The financial statements show a surplus for the year of £73,671. Of this, £74,380 were funds received for capital expenditure, so the operating result was a small deficit of £619, probably as close as you can get to the breakeven result intended by the Trustees at the start of the year.

Excluding the funds received for capital expenditure, income was £1,146,656, compared to £1,118,588 for 202223. Expenditure has remained steady at £1,147,275 compared to £1,026,530 in the previous year, which is good in the context of ongoing pressures on costs and demands for services.

It is pleasing to report that at the end of the financial year the free reserves stood at £219,662, just shy of the policy target of 20% of operational expenditure. Designated reserves increased by £125,850, largely as a result of the completion of the Ark development. Restricted reserves dropped by £63,719, mainly because of the use of funds for the Ark construction, leaving a balance of £249,012 to be used as required by funders on specific service provision.

There is a healthy balance sheet. Fixed assets increased by £85,792 to £1,163,317. Net current assets dropped slightly to £508,730, but £249,012 of this is “spoken for” as it can only be used for specific services. Trustees are fully aware of the need to repay the interest free loans of £575,000 in 2029 and are planning discussions with lenders during 2024-25.

Trustees are satisfied with the financial performance in 2023-24, but are fully aware of the uncertainty of securing funding to meet the ever-growing needs of the disadvantaged and vulnerable members of society.

Risk mitigation policy

Where appropriate, systems or procedures are established to mitigate the risks the Charity faces. The significant external risks to funding are an ongoing issue that is continually monitored with a view to diversification of funding sources and activities.

Internal control risks are minimised by the implementation of procedures for authorisation of all material transactions and projects. Procedures are in place to ensure compliance with all statutory obligations e.g. Health and Safety, fire risks, DBS checks and the like, for staff, volunteers, clients and visitors to the Charity where applicable. Precautionary Insurance is also in place designed to respond in the event of any claims that may arise against the Charity, in accordance with good practice. These insurance covers include public liability, employer’s liability, business interruption and trustees and professional indemnity.

The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

DERBY CITY MISSION LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Plans for future periods

The café space has potential for greater use, particularly on the days when the community shop isn’t open. DCM also has a large catering kitchen which is under-utilised. Discussions are underway to look at developing these in conjunction with a small garden space adjacent to the café.

Several key projects are funded via statutory bodies, and this funding is due to expire in March 2025. Therefore, a key focus this coming year will be to look into replacing this funding either via similar funders or seeking support elsewhere. Our financial support from our existing donors is even more vital than ever. We will also be seeking to gain new supporters by growing our donor supporter base.

Structure, governance and management

The Company is a charitable company limited by guarantee with no share capital, incorporated on 2 September 2010 and registered as a charity on 7 February 2011. The Company's Memorandum of Association as amended by special resolution dated 7 December 2010 and a further special resolution dated 19 July 2018, establishes its objects and powers as a charitable company. It is governed by its Articles of Association.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

A N Town H C Disney J S Millard G J Pickup (Resigned 11 May 2023) D Radcliffe A Mann R N Orford (Resigned 26 November 2023) G R Watkins E Milner (Appointed 17 May 2023) C P Briggs (Appointed 22 November 2023) J A Duffield (Appointed 21 February 2024)

Method of election of Trustees

The management of the Charity is the responsibility of the Directors/Trustees who are elected and appointed under the terms of the Articles of Association.

Organisational structure

The Board of Trustees meets at least six times per year and is responsible for the strategic direction and policy of the Charity. A scheme of delegation is in place and day to day responsibility for the running of the Charity rests with the Managing Director. Nominated Trustees have continued their involvement and participation, along with attending Board meetings throughout the year.

Policies and procedures for induction and training of Directors/Trustees

The induction and training pack for employees forms the model for an induction and training programme for

Directors/Trustees.

The pay of the senior staff is reviewed annually and normally (subject to affordability) increased in accordance with inflation.

Related parties

Derby City Mission has no other related parties that make a significant impact upon the policies adopted by the organisation.

DERBY CITY MISSION LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Auditor

In accordance with the Company's articles, a resolution proposing that Azets Audit Services be reappointed as auditor of the Company will be put at a General Meeting.

Disclosure of information to auditor

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Trustees' Report was approved by the Board of Trustees.

.............................. A N Town Trustee Dated: .........................

DERBY CITY MISSION LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2024

The Trustees, who are also the directors of Derby City Mission Limited for the purpose 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 which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that 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.

DERBY CITY MISSION LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DERBY CITY MISSION LIMITED

Opinion

We have audited the financial statements of Derby City Mission Limited (the ‘Charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

DERBY CITY MISSION LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DERBY CITY MISSION LIMITED

Responsibilities of Trustees

As explained more fully in the statement of Trustees' responsibilities, the Trustees, who are also the directors of the Charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

DERBY CITY MISSION LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DERBY CITY MISSION LIMITED

Use of our report

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. Our audit work has been undertaken so that we might state to the Charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the Charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Mark Jackson FCA DChA (Senior Statutory Auditor) for and on behalf of Azets Audit Services

.........................

Chartered Accountants Statutory Auditor

Westpoint Lynch Wood Peterborough Cambridgeshire United Kingdom PE2 6FZ

Azets Audit Services is eligible for appointment as auditor of the Charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

DERBY CITY MISSION LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Designated
Restricted
funds
funds
funds
2024
2024
2024
Notes
£
£
£
Income from:
Donations and legacies
3
191,685
-
114,492
Charitable activities
4
35,500
-
865,148
Other trading activities
5
13,583
-
-
Investments
6
628
-
-
Total income
241,396
-
979,640
Expenditure on:
Raising funds
7
26,929
-
1,852
Charitable activities
8
254,492
-
864,002
Total resources expended
281,421
-
865,854
Net (outgoing)/incoming resources before
transfers
(40,025)
-
113,786		 Total
Unrestricted
Designated
funds
funds
2024
2023
2023
£
£
£
306,177
220,185
-
900,648
25,000
-
13,583
3,515
-
628
517
-
1,221,036
249,217
-
28,781
32,811
-
1,118,494
197,186
-
1,147,275
229,997
-
73,761
19,220
-		 Restricted
funds
2023
£
95,646
996,338
-
-
1,091,984
1,128
795,405
796,533
295,451		 Total
2023
£
315,831
1,021,338
3,515
517
1,341,201
33,939
992,591
1,026,530
314,671

DERBY CITY MISSION LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Designated
Restricted
funds
funds
funds
2024
2024
2024
£
£
£
Net (outgoing)/incoming resources before
transfers
(40,025)
-
113,786
Gross transfers between funds
51,655
125,850
(177,505)
Net income/(expenditure) for the year/
Net movement in funds
11,630
125,850
(63,719)
Fund balances at 1 April 2023
208,032
502,525
312,731
Fund balances at 31 March 2024
219,662
628,375
249,012		 Total
Unrestricted
Designated
funds
funds
2024
2023
2023
£
£
£
73,761
19,220
-
-
34,732
172,187
73,761
53,952
172,187
1,023,288
154,080
330,338
1,097,049
208,032
502,525		 Restricted
Total
funds
2023
2023
as restated
£
£
295,451
314,671
(206,919)
-
88,532
314,671
224,199
708,617
312,731
1,023,288		 Restricted
Total
funds
2023
2023
as restated
£
£
295,451
314,671
(206,919)
-
88,532
314,671
224,199
708,617
312,731
1,023,288
314,671
708,617
1,023,288

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

DERBY CITY MISSION LIMITED

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within
one year
17
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
18
Net assets
Income funds
Restricted funds
21
Unrestricted funds
Designated funds
22
General unrestricted funds		 2024
£
£
1,163,317
2
1,163,319
137,587
449,491
587,078
(78,348)
508,730
1,672,049
(575,000)
1,097,049
249,012
628,375
219,662
848,037
1,097,049		 2023
£
£
1,077,525
2
1,077,527
176,192
458,596
634,788
(114,027)
520,761
1,598,288
(575,000)
1,023,288
312,731
502,525
208,032
710,557
1,023,288

DERBY CITY MISSION LIMITED

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2024

The Company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024, although an audit has been carried out under section 144 of the Charities Act 2011.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the Company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on .........................

.............................. ..............................
A N Town J S Millard
Trustee Trustee

Company Registration No. 07363967

DERBY CITY MISSION LIMITED

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £ £ £ £
Cash flows from operating activities
Cash generated from operations 26 130,432 194,536
Investing activities
Purchase of tangible fixed assets (140,165) (209,538)
Investment income received 628 517
Net cash used in investing activities (139,537) (209,021)
Net cash used in financing activities - -
Net decrease in cash and cash equivalents (9,105) (14,485)
Cash and cash equivalents at beginning of year 458,596 473,081
Cash and cash equivalents at end of year 449,491 458,596

DERBY CITY MISSION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Derby City Mission Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 10 Normanton Road, Derby, DE1 2GW.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the Charity's charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected.

Items donated for distribution to beneficiaries are not recognised as income.

Income received in advance of provision of other specified services are deferred until the criteria for income recognition are met.

DERBY CITY MISSION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.5 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.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure is reported as part of the expenditure to which it relates:

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold buildings 10-50 years straight line
Kitchen equipment 3 years straight line
Fixtures and fittings 5 years straight line
Office equipment 3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

A subsidiary is an entity controlled by the Charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.8 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

DERBY CITY MISSION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

DERBY CITY MISSION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Donations and gifts 191,685 114,492 306,177 220,185 95,646 315,831

DERBY CITY MISSION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

4 Charitable activities

Sales within charitable activities
Grants
Housing benefit
Analysis by fund
Unrestricted funds
Restricted funds
Performance related grants
Derbyshire Police and Crime Commissioner
Derby City Council (Revenue grant)
Derby City Council (Capital grant)
Department For Levelling Up, Housing & Communities (Capital grant)
Department For Levelling Up, Housing & Communities (Revenue grant)
Derby Homes
The Society of the Holy Child Jesus
Garfield Weston
National Grid
Community Action
Zochonis Charitable Trust
The Edward Cadbury Trust
Metropolitan Housing Trust
Metropolitan Thames Valley
Derby Food For Thought
NHS Derby and Derbyshire ICB (capital grant)
Nationwide
Western Power Distribution Trust
Other		 2024
£
4,744
811,340
84,564
900,648
35,500
865,148
900,648
323,773
259,572
-
74,380
-
68,747
20,000
25,000
9,686
7,000
5,000
5,000
3,900
4,100
3,000
-
-
-
2,182
811,340		 2023
£
15,784
1,005,554
-
1,021,338
25,000
996,338
1,021,338
318,909
265,783
20,000
126,613
27,848
67,042
25,000
-
45,081
-
-
-
-
-
76,000
25,000
2,500
5,778
1,005,554

DERBY CITY MISSION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

5 Other trading activities

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Trading activity income: other 13,583 3,515

6 Investments

Interest receivable
Raising funds
Unrestricted
Restricted
funds
funds
2024
2024
£
£
Fundraising and publicity
Seeking donations,
grants and legacies
26,929
1,852
26,929
1,852		 Unrestricted Unrestricted
funds
funds
2024
2023
£
£
628
517
Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
28,781
32,811
1,128
33,939
28,781
32,811
1,128
33,939		 Unrestricted Unrestricted
funds
funds
2024
2023
£
£
628
517
Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
28,781
32,811
1,128
33,939
28,781
32,811
1,128
33,939
Total
2023
£
33,939
33,939

7 Raising funds

DERBY CITY MISSION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

8 Charitable activities

Staff costs
Depreciation and impairment
Premises costs and insurances
Staff training and travel
Purchases
Sundries
Computer and telephone costs
Printing, postage and stationery
Share of support costs (see note 9)
Share of governance costs (see note 9)
Analysis by fund
Unrestricted funds
Restricted funds		 2024
£
592,311
2,718
75,504
5,732
37,622
9,746
3,341
636
727,610
330,531
60,353
1,118,494
254,492
864,002
1,118,494		 2023
£
547,172
6,237
21,110
26,753
59,217
10,525
4,442
1,077
676,533
282,934
33,124
992,591
197,186
795,405
992,591

9 Support costs

Staff costs
Depreciation
Premises costs and insurances
Staff training and travel
Sundries and mortgage interest
Computer and telephone costs
Audit fees
Accountancy
Legal and consultancy fees		 Support
costs
Governance
costs
£
£
130,210
-
51,657
-
101,970
-
6,576
-
28,009
-
32,911
-
-
8,220
-
23,145
-
8,186
351,333
39,551		 2024
£
130,210
51,657
101,970
6,576
28,009
32,911
8,220
23,145
8,186
390,884		 Support
costs
Governance
costs
£
£
148,993
-
31,115
-
61,392
-
1,073
-
19,764
-
20,597
-
-
8,000
-
15,840
-
9,284
282,934
33,124		 2023
£
148,993
31,115
61,392
1,073
19,764
20,597
8,000
15,840
9,284
316,058

Governance costs includes payments to the auditors of £8,220 (2023- £8,000) for audit fees.

DERBY CITY MISSION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

10 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

11 Employees

The average monthly number of employees during the year was:

Staff
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
34
2024
£
662,492
48,366
11,663
722,521		 2023
Number
32
2023
£
630,777
51,658
13,730
696,165

There were no employees whose annual remuneration was more than £60,000.

12 Taxation

The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

DERBY CITY MISSION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

13
Tangible fixed assets
Cost
At 1 April 2023
Additions
Disposals
At 31 March 2024
Depreciation and impairment
At 1 April 2023
Depreciation charged in the year
Eliminated in respect of disposals
At 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023		 Freehold
buildings
£
1,279,876
131,579
-
1,411,455
214,040
45,748
-
259,788
1,151,667
1,065,836		 Kitchen
equipment
Fixtures and
fittings
£
£
5,030
52,427
-
8,586
(5,030)
-
-
61,013
5,030
48,931
-
5,240
(5,030)
-
-
54,171
-
6,842
-
3,496		 Office
equipment
£
32,223
-
-
32,223
24,030
3,385
-
27,415
4,808
8,193		 Total
£
1,369,556
140,165
(5,030)
1,504,691
292,031
54,373
(5,030)
341,374
1,163,317
1,077,525

14 Fixed asset investments

Other
investments
Cost or valuation
At 1 April 2023 & 31 March 2024 2
Carrying amount
At 31 March 2024 2
At 31 March 2023 2
2024 2023
Other investments comprise: Notes £ £
Investments in subsidiaries 25 2 2

DERBY CITY MISSION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

15
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
16
Loans and overdrafts
Other loans
Payable after one year		 2024
£
3,400
712
133,475
137,587
2024
£
575,000
575,000		 2023
£
-
-
176,192
176,192
2023
£
575,000
575,000

Other loans represent interest free loans from H Disney, a Trustee, of £150,000 and £425,000 from a supporter of the Charity, both due for repayment 31 October 2029 although the loan agreements allow the lender to request earlier payment if funds allow. These loans are regarded by the Trustees as being Concessionary loans advanced to the Charity at a below market rate of interest to advance the charitable purposes of the Charity for the benefit of its beneficiaries. The Trustees have elected to record these loans at the amount received, with adjustment in subsequent years for amounts repaid, rather than at their fair values and subsequently at amortised cost using the effective interest method, as permitted by FRS102.

17 Creditors: amounts falling due within one year

Notes
Other taxation and social security
Deferred income
19
Trade creditors
Other creditors
Accruals
18
Creditors: amounts falling due after more than one year
Borrowings		 2024
£
13,003
44,017
82
2,495
18,751
78,348
2024
£
575,000		 2023
£
9,692
47,925
6,499
235
49,676
114,027
2023
£
575,000

DERBY CITY MISSION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

19 Deferred income

Deferred grant income
Deferred income is included in the financial statements as follows:
Derby Homes
Garfield Weston
The Society of the Holy Child Jesus
Derby City Council		 2024
£
44,017
2024
£
44,017
-
-
-
44,017		 2023
£
47,925
2023
£
-
25,000
20,000
2,925
47,925

20 Retirement benefit schemes

Defined contribution schemes

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £11,663 (2023 - £13,730).

Other creditors includes outstanding pension contributions of £2,495 (2023: £235).

DERBY CITY MISSION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

21 Restricted funds

The income funds of the Charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at
1 April 2022

£
Jubilee
61,535
Street Pastors
28,818
Mansfield Churches Nightshelter
3,132
Schools Fund
2,394
Christmas Connection
22,267
Nightshelter
1,244
Safe Space
-
School Pastors
3,342
Storehouse
8,813
Foodbank
31,377
Wellness Café
13,451
MIND
2,612
Homeless Link
1,288
Crisis UK
8,616
My Place
3,781
By My Side
31,529
The Ark
-
224,199		 Movement in funds
Incoming
resources
Resources
expended
£
£
78,353
(67,463)
31,013
(27,903)
-
-
-
-
8,723
(5,738)
3,584
(622)
366,996
(362,713)
-
-
1,204
(3,777)
31,620
(18,850)
48,930
(39,148)
-
-
-
-
-
-
59,092
(56,411)
209,008
(213,561)
253,461
(347)
1,091,984
(796,533)		 Transfers
Balance at
1 April 2023

£
£
2,612
75,037
-
31,928
(3,132)
-
(1,500)
894
(13,750)
11,502
(1,244)
2,962
12,992
17,275
-
3,342
-
6,240
(15,000)
29,147
(7,201)
16,032
(2,612)
-
(1,288)
-
(8,616)
-
-
6,462
(10,000)
16,976
(158,180)
94,934
(206,919)
312,731		 Movement in funds
Incoming
resources
Resources
expended
£
£
91,184
(65,449)
23,478
(11,580)
-
-
(800)
-
2,873
(1,896)
1,734
(260)
329,598
(338,563)
-
(615)
1,937
(6,791)
12,021
(7,189)
29,830
(37,575)
-
-
-
-
-
-
64,742
(60,056)
206,002
(185,127)
217,041
(150,753)
979,640
(865,854)		 Transfers
Balance at
31 March 2024
£
£
(6,295)
94,477
-
43,826
-
-
-
94
-
12,479
-
4,436
57
8,367
-
2,727
-
1,386
(6,295)
27,684
-
8,287
-
-
-
-
-
-
(1,500)
9,648
(2,250)
35,601
(161,222)
-
(177,505)
249,012		 Transfers
Balance at
31 March 2024
£
£
(6,295)
94,477
-
43,826
-
-
-
94
-
12,479
-
4,436
57
8,367
-
2,727
-
1,386
(6,295)
27,684
-
8,287
-
-
-
-
-
-
(1,500)
9,648
(2,250)
35,601
(161,222)
-
(177,505)
249,012
249,012

DERBY CITY MISSION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

21 Restricted funds

(Continued)

The Jubilee fund supports a completely free and open access debt and welfare benefits advice service. Clinics are run on a drop-in basis in different locations across the city on a regular basis. During the pandemic much of this support has been provided remotely.

The Street Pastors fund is to enable teams of Christians to patrol the city centre between 10pm and 4am on Friday and Saturday nights. The teams are there to listen, care and help anyone who is vulnerable.

Mansfield Churches Nightshelter was funded by Mansfield District Council and Transforming Notts Together to cover the operational costs of running the Nightshelter in Mansfield in previous winters. Due to the pandemic we were not able to operate this facility.

Schools Fund is donations given specifically for sharing the Christian message with children in schools and church-based children’s clubs.

Christmas Connection fund is made up of donations given to purchase Christmas presents for children in need in Derby to supplement toys and presents given in kind by churches, businesses, schools and members of the public. Children are referred to us from our Jubilee Project and from churches and other Christian charities.

Chesterfield Churches Nightshelter was funded by local district councils and churches to cover the operational costs of running the nightshelter in Chesterfield for winter 2019/20. Due to the pandemic we were not able to operate this facility.

Safe Space is funded by MHCLG and a Derby funding partnership comprising the Police and Crime Commissioners Office (OPCC), Derby Homes, Derbyshire Constabulary and Derby City Council (Public Health) to provide a 24/7 rest and recovery facility and onward support for entrenched rough sleepers.

School Pastors is a project which will aim to care for and support a ‘school community’. It will promote safety and help reduce anti-social behaviour.

The Storehouse project involved the provision of a hot meal for around 100 guests on a weekly basis in a city centre venue. Support and friendship was also provided at these events.

Foodbank is a sister project to the Jubilee fund which provides food parcels primarily to people engaged with the Jubilee project. The transfers relate to donations originally given specifically for food but, with the agreement of the donors, have been reallocated to the Jubilee project.

Wellness Café fund supports the operation of the community café at 10 Normanton Road which operates three days per week and offers support and debt and welfare benefits advice as well as giving clients the dignify of choosing their own food at the community shop rather than receiving a pre-packed food parcel.

MIND is one year funding secured to launch ‘Elevate’, a befriending scheme.

DERBY CITY MISSION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

21 Restricted funds

(Continued)

Homeless Link provides a contribution to overall running costs to enable successful delivery of services to help the homeless off the streets during the winter months.

Crisis is funding to enable DCM to employ two Moved-on support workers who help guests move into their own accommodation.

My Place is a project to support guests who have had convictions to stay in their accommodation and maintain their tenancies.

By My Side is a pioneering project supporting individuals with histories of substance misuse and addictions by using trauma-informed methods to engage with individuals to encourage recovery.

The Ark is a purpose-built emergency accommodation facility providing 8 bedrooms for homeless people funded via Housing Benefit Supported Accommodation. Each resident receives intensive, person-centred support. The Ark has been at almost full capacity, and we have seen really positive changes in people’s lives.

The transfers from restricted funds relate to contributions to core costs and fixed asset additions.

DERBY CITY MISSION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22 Designated funds

The income funds of the Charity include the following designated funds which have been set aside out of unrestricted funds by the Trustees for specific purposes:

Balance at
1 April 2022
£
Fixed asset fund
330,338
Ark and Safe Space
-
330,338		 Transfers
Balance at
1 April 2023
£
£
172,187
502,525
-
-
172,187
502,525		 Transfers
Balance at
31 March 2024
£
£
85,792
588,317
40,058
40,058
125,850
628,375		 Transfers
Balance at
31 March 2024
£
£
85,792
588,317
40,058
40,058
125,850
628,375
628,375

The fixed asset fund represents the undepreciated element of capitalised fixed assets funded out of the general unrestricted funds of the Charity.

DERBY CITY MISSION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

23
Analysis of net assets between funds
Unrestricted
funds
Designated
funds
Restricted
funds
2024
2024
2024
£
£
£
Fund balances at 31 March 2024 are represented
by:
Tangible assets
-
1,163,317
-
Investments
2
-
-
Current assets/(liabilities)
219,660
40,058
249,012
Long term liabilities
-
(575,000)
-
219,662
628,375
249,012		 Total Unrestricted
funds
Designated
funds
Restricted
funds
2024
2023
2023
2023
£
£
£
£
1,163,317
-
1,077,525
-
2
2
-
-
508,730
208,030
-
312,731
(575,000)
-
(575,000)
-
1,097,049
208,032
502,525
312,731		 Total
2023
£
1,077,525
2
520,761
(575,000)
1,023,288

DERBY CITY MISSION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

24 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

25 Subsidiaries

Details of the Charity's subsidiaries at 31 March 2024 are as follows:

Name of undertaking
Registered		 Nature of business Class of % Held % Held
office shares held
**Direct **		 Indirect
Derby City Mission Trading
England and		 Dormant Ordinary 100 -
Limited
Wales
26 Cash generated from operations 2024 2023
£ £
Surplus for the year 73,761 314,671
Adjustments for:
Investment income recognised in statement of financial activities (628) (517)
Depreciation and impairment of tangible fixed assets 54,375 37,352
Movements in working capital:
(Increase)/decrease in stocks - 9,548
Decrease/(increase) in debtors 38,605 (160,500)
(Decrease)/increase in creditors (31,773) 17,338
(Decrease) in deferred income (3,908) (23,356)
Cash generated from operations 130,432 194,536
27 Analysis of changes in net (debt)/funds
At 1 April 2023 Cash flowsAt 31 March 2024
£ £ £
Cash at bank and in hand 458,596 (9,105) 449,491
Loans falling due after more than one year (575,000) - (575,000)
(116,404) (9,105) (125,509)