Registered charity no: 1143147 Registered company no: 07532242 (England and Wales )
SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Trustees’ Report
and
Accounts
for the financial year 1[st] April 2020 to 31[st] March 2021
SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Contents
| Page | |
|---|---|
| Trustees' report | 1 to 4 |
| Independent examiner’s report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 to7 1 |
SIGNAL FAMILY SUPPORT
(Limited by Guarantee )
SIGNAL FAMILY SUPPORT LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The Trustees, who are also directors of the charity for the purposes of the Companies Acct 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for the UK and Republic of Ireland (FRS 102).
OBJECTIVES AND ACTIVITIES
Aims and Objectives
The principal aims of the association continue to be:
-
The provision of opportunities for families and interested individuals to give mutual support, informal advice, information and guidance in order to advance the wellbeing of families with children and young people (up to the age of 25 on joining) who are on the autism spectrum and live in the London borough of Lewisham.
-
The provision or the commissioning of facilities, services and activities for the benefit of the family members.
Significant activities
During the year to 31[st] March 2021, SIGNAL Family Support Ltd carried on its usual primary purpose of providing mutual support for its members via various activities but in new and different ways because of the covid-19 pandemic.
Our regular monthly evening meetings for members, with speakers covering autism-related topics, switched to Zoom from April 2020. These have proved enormously successful and have a number of advantages over in-person meetings. Parents have found it easier to attend as they don’t have to travel or organise childcare; we can be more flexible in timings as we don’t have to book a venue, and it is cheaper for the same reason. It is easier for speakers and has enabled us to book speakers from further afield, including the USA, which we wouldn’t normally be able to do. We can also record the sessions so that those who can’t attend are able to view the presentation at their convenience. Numbers attending are at least double what they would be at in-person meetings and we are intending to keep holding meetings this way for the foreseeable future.
Monthly coffee mornings for parents have proved more of a challenge and we didn’t hold any in the year to 31[st] March 2021. However, from May 2021 we started holding outdoor meet-ups and in November 2021 we held our first indoor coffee morning. We are asking people to take lateral flow tests before attending.
Our weekly trampolining and swimming classes were both suspended from March 2020 and our trampolining venue was subsequently closed down. However, trampolining classes were restarted in June 2021 at a new venue within the borough and these continue to be well-attended, with a
1
SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Trustees’ Report – continued
waiting list in place. Unfortunately we haven’t, as yet, been able to secure a venue for swimming lessons so these remain suspended.
Our usual annual Family Summer Party didn’t take place in 2020 or 2021 due to covid restrictions and uncertainty. We hope to be able to hold it in 2022, but if nothing else, the pandemic has taught us that plans may change! If it does go ahead we would expect to be in our usual venue in Ladywell with the regular attractions such as a bouncy castle, the Engine Shed, raffle, arts & crafts and food.
Our Teen Group was able to keep running throughout the year on a weekly basis via Zoom, providing a facilitated social get-together for SIGNAL members aged between 13 and 19. From June 2021 the group returned to its physical venue at a local café on Monday evenings and includes organised activities, such as board games and pizza-making, as well as informal chat, games and so on.
From September 2020 we were able to offer a weekly yoga class via Zoom on Tuesday evenings. This has proved very popular and continue to be well-attended by parents and children each week.
In December 2020 we secured funding to set up a project with The Deborah Ubee Trust to provide mental health support for some of our adult members. We were able to roll out this project from January 2021 and it was hugely successful. The one-to-one meetings were held either by Zoom or as ‘walk and talk’. We are now seeking funding to expand this project as it remains one of the main areas of concern for our members.
Starting in March 2021 the trustees and SIGNAL manager undertook a series of 6 autism training sessions with Kieran Rose, the Autistic Advocate. These consisted of 6 hour-long videos followed by an hour of discussion with Kieran on each one. It was felt that, although all the participants have a lived experience of autism, it was important not to get complacent and to make sure everyone was up-to-date with current thinking and knowledge. Some of the sessions were quite challenging, but very worthwhile and we believe it enables us to better support our members and the wider autistic community.
In August 2021 we launched our brand new website which is informative and user-friendly. The biggest innovation is that there is now an online membership application form, making it much easier for people to join SIGNAL.
Sadly, one of our main activities – family day trips and outings – had to be suspended from March 2020 due to covid restrictions. We did host an online planetarium show in August 2020 but all inperson trips were cancelled until October 2021 when we made a very popular visit to AirThrill soft play in Catford.
Our private Facebook group continues to be a welcoming, supportive and active space for our members. It provides a lifeline for many.
SIGNAL has maintained a strong local presence and continues to work closely with the Local Authority and other agencies to support families affected by autism in Lewisham which, as a borough, has the highest autism diagnosis rate of young people in England.
SIGNAL FAMILY SUPPORT (Limited by Guarantee)
– Trustees’ Report continued
Volunteers
We would like to thank our volunteers who have generously donated their time and talents to the charity through what have been extremely trying times.
FINANCIAL REVIEW
st SIGNAL Family Support was in a healthy financial position as at 31 March 2021 in terms of covering existing costs, and continues to be. Our income relies on a number of funding organisations whom we mention below. Our fundraiser works hard to maintain these relationships and to seek new funding sources for both our ongoing and our new projects.
A smaller source of income (approx. £3k pa) comes from membership fees. The membership year runs from 1st April each year but it was decided in March 2020 not to ask for any membership fees
st for the year commencing 1 April 2020 as it didn’t feel reasonable to ask families for money at a time when not only were our activities severely curtailed, but many of them were suffering reduced st income due to the pandemic. We have also waived the fee for the year commencing 1 April 2021 for the same reasons. The membership fee situation will be reviewed in early 2022.
Principal funding sources
A big thank you to BBC Children in Need, National Lottery Community Fund, London Community fund, the City of London and Children First Lewisham for their continued support of our activities,
plus all members and supporters who donated throughout the year, including St Hilda’s parish church in Crofton Park and The Embers folk band who have raised over £3k for SIGNAL since September 2020.
As our activities were so curtailed, SIGNAL took advantage of the government furlough scheme where possible.
Reserves policy
The charity aims to maintain unrestricted reserves equivalent to 3 months’ operating costs. For a normal year this is considered to be approximately £17,000. This has been maintained throughout the reporting period and the period up to the signing of the accounts. It is not anticipated that this policy will need to be changed in the foreseeable future.
Since March 2021 we have been able to secure additional ‘covid response’ funding for our weekly Teen Group, parents’ online meetings, staffing costs, online yoga classes and the mental health project. As at the signing off date we have sufficient funds to support all our projects for at least a year, so we are confident that once covid restrictions are lifted to the extent that we can resume all our regular activities, we will be able to cover the costs.
3
SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Trustees’ Report – continued
FUTURE PLANS
Because of the covid-19 pandemic, the year to 31 March 2021 and subsequent months proved to be enormously challenging. We had to suspend many of our regular activities such as swimming, trampolining and trips, although most of these are now running again. We look forward to improvements in the pandemic situation over the coming months and hope to get most of our regular projects underway again.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and is a company limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity no: 1143147
Registered company number: 07532242 (England and Wales)
Registered office: Hatcham Oak Children’s Centre, 29 Wallbutton Road, London SE4 2NX
Trustees
S Gregory Chair K J Cody Treasurer N Ballard S Edwards J Higgins K Mantle G Nwaordu I Sinclair M McInerney resigned 24[th] May 2021
Independent examiner Kathleen Moss ACMA, CGMA
Approved by the Board of Trustees on 19th December 2021 and signed on its behalf by
Sarah Gregory
Sarah Gregory -Chair
Kevin Cody -Treasurer
4
SIGNAL FAMILY SUPPORT
(Limited by Guarantee)
Independent Examiner's Report
To the Trustees of SIGNAL Family Support Limited
I report on the accounts of the charity for the year ended 31st March 2021, which are set out on pages 6 to 17.
Respective responsibilities of Trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
The charity’s trustees consider that an audit is not required for this year under Part 16 of the 2006 Act and that an independent examination is needed. It is my responsibility to:
-
examine the accounts under section 145 of the Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
-
the accounts do not accord with such records; or
-
the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Kathleen Moss ACMA, CGMA
Kathleen Moss Limited 48 Lawn Terrace London SE3 9LP
Dated: 20th December 2021
5
SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31st March 2021
| Total | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | funds | Unrestricted | Restricted | Total funds | ||||||||
| funds | funds | 2021 | funds | funds | 2020 | ||||||||
| Income | Notes | £ | £ | £ | £ | £ | £ | ||||||
| Donations and legacies | 3 | 6,064 | - | 6,064 | 9,692 | - | 9,692 | ||||||
| Charitable activities | 4 | 524 | 60,788 | 61,312 | 9,445 | 64,774 | 74,219 | ||||||
| Total income | 6,588 | 60,788 | 67,376 | 19,137 | 64,774 | 83,911 | |||||||
| Expenditure: | 5 | ||||||||||||
| Raising funds | 1,170 | 5,338 | 6,508 | 5,327 | 5,327 | ||||||||
| Charitable activities | 0 | 43,752 | 43,752 | 18,738 | 32,675 | 51,413 | |||||||
| Total expenditure | 1,170 | 43,752 | 44,922 | 24,065 | 32,675 | 56,740 | |||||||
| Net income/(expenditure) | 5,418 | 17,036 | 22,454 | ( | 4,928) |
32,099 | 27,171 | ||||||
| Net income/(expenditure) and net movement in | |||||||||||||
| funds for the year | 5,418 | 17,036 | 22,454 | ( | 4,928) |
32,099 | 27,171 | ||||||
| Reconciliation of funds | |||||||||||||
| Total funds brought forward | 23,086 | 45,430 | 68,516 | 28,014 | 13,331 | 41,345 | |||||||
| Total funds carried forward | £ | 28,504 |
£ | 62,466 |
£ | 90,970 |
£ | 23,086 |
£ | 45,430 |
£ | 68,516 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.
The statement of financial activities complies with the requirements for an income and expenditure account under the Companies Act 2006.
The notes on pages 8 to 1 7 form part of these accounts.
6
SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Balance Sheet
As at 31st March 202 1
| Note Fixed assets Tangible Assets 8 Current assets Debtors Cash at bank and in hand Liabilities: Creditors: Amount falling due within one year 9 Net current assets / (liabilities) Net assets The funds of the charity: 10 Restricted income funds 11 Unrestricted income funds 11 General reserve Total charity funds |
2021 £ 80 - 93,455 93,455 2,565) ( 90,890 90,970 62,466 28,504 90,970 |
2020 |
|---|---|---|
| £ 159 - 69,419 |
||
| 69,419 | ||
| 1,062) ( |
||
| 68,357 | ||
| 68,516 | ||
| 45,430 23,086 |
||
| 68,516 |
The charity is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31st March 2021. No member of the charitable company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.
The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records which comply with sections 386 and 387 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the charitible company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The notes on pages 8 to 1 7 form part of these accounts.
The accounts were approved by the Board on 19th December 2021
Kevin Cod - yTreasurer
Sarah Gregory
Sarah Gregory - Chair
Trustee Charity Registration No. 1143147 Company Registration No. 07532242
7
SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Notes to the financial statements for the year ended 31st March 2021
1 Statutory information
SIGNAL Family Support Ltd is a charitable company, limited by guarantee, registered in England and Wales number 07532242, charity number 1143147. The charitable company’s registered office address is Hatcham Oak Children's Centre, Wallbutton Road, London, SE4 2NX. The registered office is the principle place of business. The functional currency is sterling.
2 Accounting policies
2.1 Basis of preparation
The financial statements have been prepared in accordance with 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) (Charities SORP FRS 102) and the Companies Act 2006.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
2.2 Public benefit entity
The charitable company meets the definition of a public benefit entity under FRS 102.
2.3 Going concern
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The charitable company can comfortably operate based on confirmed funding along with sufficient reserves.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
Covid-19 had a massive impact on the activities of the charitable company. The trustees took advantage of the Government fulough scheme and then the flxible furlough scheme, allowing activities to be taken online where possible andresumed when safe.
2.4 Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.
Where donations and grants are restricted to future accounting periods, they are deferred and recognised in those future accounting periods. Grants for immediate financial support and assistance, or to reimburse costs previously incurred, are recognised immediately.
Income from charitable activities comprises swimming, trampolining, dramatherapy and trips which are included when receivable.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
2.6 Fund accounting
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.
Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
8
SIGNAL FAMILY SUPPORT
(Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2021: continued
2.7 Expenditure and basis of apportioning costs
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis with the irrecoverable element of VAT included with the item to which it relates and has been classified under headings that aggregate all costs related to the category. Expenditure is classified under the following activity headings:
Raising funds: Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
Charitable activites: Expenditure on charitable activities includes the costs of delivering services and other activities undertaken to further the purposes of the charity and their associated support costs.
2.8 Tangible fixed assets and depreciation
The charitable company operates a policy of capitalising fixed asset items over £500. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. The principal annual rates used for this purpose are:
Computer Equipment
25% on cost
2.7 Leasing and hire purchase commitments
Rental charges are charged on a straight line basis over the term of the lease.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments.
The trustees seek to use short term deposits to maximise the return on monies held at the bank and to manage cash flow.
The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.9 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.10 Creditors and provisions
Creditors and provisions are recognised where the charitable company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2.11 Fundraising
Funds are raised through individual donations, grants from Trusts, Foundations and Government grants and contracts. Some fundraising events have also been carried out. SIGNAL Family Support Ltd employs a 3rd party fundraiser to assist with raising grant funding.
2.12 Pensions
The charitable company operates an Auto Enrolment defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they are incurred.
9
SIGNAL FAMILY SUPPORT
(Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2021: continued
| 3 Donations and legacies Donations & fundraising events Membership subscriptions Donations and legacies - prior year comparative Donations & fundraising events Membership subscriptions 4 Income from charitable activities London Community Fund - COVID response The National Lottery Fund -COVID response BBC Children in Need - COVID response Job Retention Support City of London Project fees Trips Trampolining Income from charitable activities - prior year comparative Merchant Taylors Children First Lewisham National Lottery Baily Thomas BBC Children in Need Swimming Trips Trampolining |
Unrestricted Restricted Total 2021 £ 4,889 - 4,889 1,175 - 1,175 |
|---|---|
| 6,064 - 6,064 |
|
| Unrestricted Restricted Total 2020 £ 5,781 - 5,781 3,911 - 3,911 |
|
| 9,692 - 9,692 |
|
| Unrestricted Restricted Total 2021 £ - 7,025 7,025 - 14,050 14,050 - 22,869 22,869 - 7,244 7,244 - 9,600 9,600 460 - 460 - - - 64 - 64 |
|
| 524 60,788 61,312 |
|
| Unrestricted Restricted Total 2020 £ - 14,633 14,633 - 10,500 10,500 - 9,900 9,900 - 10,000 10,000 - 19,741 19,741 4,635 - 4,635 3,266 - 3,266 1,544 - 1,544 |
|
| 9,445 64,774 74,219 |
10
SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2021: continued
5 Analysis of expenditure
| Fundraising Staff costs Mental Health project Swimming Trips (refund for cancelation) Trampolining Office & administration Teens group Parents' meetings/family activities Yoga Room hire Newsletter Depreciation Insurance Legal Training Independent Examination 2021 Payroll service Total Governance costs Total expenditure 2020 |
Cost of raising funds Charitable activities Governance costs 2021 Total £ £ £ £ 6,281 - - 6,281 - 18,589 - 18,589 11,500 11,500 - 1,071 - 1,071 - (802) - (802) - 39 - 39 - 729 - 729 - 2,720 - 2,720 - 909 - 909 1,360 1,360 - - - - - 150 - 150 - 79 - 79 - - 510 510 - - 13 13 - 733 - 733 - - 780 780 261 261 |
|---|---|
| 6,281 37,077 1,564 44,922 227 1,337 (1,564) - |
|
| 6,508 38,414 - 44,922 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| Of the total expenditure: | 2021 | 1,170 | 43,752 | 44,922 |
| 2020 | 24,065 | 32,675 | 56,740 |
11
SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Analysis of expenditure - prior year comparative
| Fundraising Staff costs Swimming Trips Trampolining Office & administration Teens group Parents' meetings/family activities Room hire Newsletter Depreciation Insurance Legal Library Independent Examination 2020 Independent Examination 2019 Payroll service Total Governance costs Total expenditure 2020 |
Cost of raising funds Charitable activities Governance costs 2020 Total £ £ £ £ 5,103 - - 5,103 - 21,424 - 21,424 - 10,160 - 10,160 - 7,143 - 7,143 - 3,467 - 3,467 - 1,315 - 1,315 - 3,132 - 3,132 - 1,543 - 1,543 - 519 - 519 - 436 - 436 - 79 - 79 - - 501 501 - - 13 13 - 35 - 35 - - 780 780 - - 800 800 290 290 |
|---|---|
| 5,103 49,253 2,384 56,740 184 1,777 (1,961) - |
|
| 5,287 51,030 423 56,740 |
12
8
SIGNAL FAMILY SUPPORT
(Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2021: continued
6 Net income for the year
| The net income for the year is stated after charging: Independent Examination 7 Staff costs Staff costs during the year were: Salaries and wages Social Security costs Employer’s contribution to defined contribution pension schemes Number of employees The average monthly number of employees during the year were: Administration Depreciation of tangible fixed assets owned by the charitable company |
2021 2020 £ £ 79 79 780 780 2021 2020 £ £ 18,066 20,800 - - 523 624 |
|---|---|
| 18,589 21,424 |
|
| 2021 2020 1 1 |
There were no employees whose annual remuneration was £60,000 or more.
The key management personnel of the charitable company were the Trustees. Total employee benefits paid to key management personnel were nil (2020: nil).
Tangible fixed assets
| Cost: At 31 March 2021 Depreciation: At 1 April 2021 Charge for year On disposals At 31 March 2020 Net book value: At 31 March 2021 At 31 March 2020 |
Equipment £ 2,376 |
|---|---|
| 2,217 79 - |
|
| 2,296 | |
| 80 | |
| 159 |
13
SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2021: continued
9 Creditors
Amounts falling due within one year:
| Creditors Amounts falling due within one year: |
|||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Social Security and other taxes | 251 | - | |
| Pension | 121 | 121 | |
| Accruals & other creditors | 2,193 | 941 | |
| 2,565 | 1,062 | ||
| Analysis of net assets between funds | |||
| Unrestricted | Restricted | Total | |
| Funds | Funds | Funds | |
| £ | £ | £ | |
| Fund Balances at 31 March 2021 are represented | by: | ||
| Tangible Fixed Assets | 11 | 69 | 80 |
| Current Assets | 31,058 | 62,397 | 93,455 |
| Creditors: Amounts falling due within one year | (2,565) | - | (2,565) |
| Total net assets | 28,504 | 62,466 | 90,970 |
10 Analysis of net assets between funds
Analysis of net assets between funds - prior year comparative
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Funds | Funds | Funds | |
| £ | £ | £ | |
| Fund Balances at 31 March 2020 are represented | by: | ||
| Tangible Fixed Assets | 21 | 138 | 159 |
| Current Assets | 24,127 | 45,292 | 69,419 |
| Creditors: Amounts falling due within one year | (1,062) | - | (1,062) |
| Total net assets | 23,086 | 45,430 | 68,516 |
14
SIGNAL FAMILY SUPPORT
(Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2021: continued
11 Funds
The income funds of the charity include restricted and unrestricted funds comprising the following unexpended balances of donations and grants held on trust:
| Restricted Funds COVID-Teen Group Mental Health Project Swimming Horse Riding Yoga Trips Trampolining Financial/information Administrator Job Retention Support Total Restricted Funds Unrestricted funds: General funds Total funds |
At Incoming Outgoing Transfer between funds At 01-Apr 31-Mar 2020 2021 £ £ £ £ - 5,638 ( 2,246) 3,392 - 9,600 ( 11,500) 1,900 - 10,133 - ( 873) 9,260 9,900 - - ( 9,900) - - - ( 1,360) 9,900 8,540 12,925 - 803 13,728 7,073 - ( 39) 7,034 2,493 1,980 ( 3,957) 516 2,906 36,326 ( 17,336) ( 1,900) 19,996 - 7,244 ( 7,244) - |
|---|---|
| 45,430 60,788 (43,752) 0 62,466 |
|
| 23,086 6,588 (1,170) 0 28,504 |
|
| 68,516 67,376 (44,922) - 90,970 |
Restricted Funds - description
The activities that SIGNAL Family Support members can access are supported by restricted funding where possible. Funding is sought from various Trusts and Funds. Most recently BBC Children in Need, London Community Fund, Children First Lewisham, Merchant Taylors and National Lottery have granted funds to support activities.
SIGNAL secured several COVID emergency response funds and took advantage of the CJRS funds available for the member of staff furloughed due to COVID related lockdowns and being unable to carry out normal duties.
15
SIGNAL FAMILY SUPPORT
(Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2021: continued
Funds - prior year comparative
The income funds of the charity include restricted and unrestricted funds comprising the following unexpended balances of donations and grants held on trust:
| Restricted Funds Swimming Horse Riding Trips Trampolining Financial/information Administrator Total Restricted Funds Unrestricted funds: General funds Total funds |
At Incoming Outgoing Transfer between funds At 01-Apr 31-Mar 2019 2020 £ £ £ £ 500 16,633 ( 7,000) 10,133 9,900 - 9,900 5,814 14,872 ( 7,761) 12,925 7,017 4,450 ( 4,394) 7,073 3,550 ( 1,057) 2,493 15,369 ( 12,463) 2,906 |
|---|---|
| 13,331 64,774 (32,675) 45,430 |
|
| 28,014 19,137 (24,065) 23,086 |
|
| 41,345 83,911 (56,740) 68,516 |
16
SIGNAL FAMILY SUPPORT
(Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2021: continued
12 Taxation
The charitable company is registered as a charity and all of its income falls within the exemptions under Part 11 of the Corporation Tax Act 2010.
13 Related parties
There are no related party transactions to disclose for 2021 (2020: none). There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
14 Trustees
None of the trustees (or any person connected with them) received any remunerations from the charity during the year. No reimbursements were made to trustees in 2021 (2020 none) for travelling and other expenses and no payments were made direct to third parties.
15 Pension and other post-retirement benefit commitments
| Pension and other post-retirement benefit commitments | ||
|---|---|---|
| Defined contribution | 2021 | 2020 |
| £ | £ | |
| Contributions payable by the company for the year | 523 | 624 |
At 31 March 2021 £121 was outstanding, paid in April 2021.
16 Contingent assets or liabilities
There are no contingent assets or liabilities at March 2021 (2020:Nil).
17 Professional indemnity insurance
The charitable company has insurance to protect it from loss arising from the neglect or defaults of its Trustee, employees and agents and to indemnify the Trustees or other officers against the consequences of any neglect or default on their part. The insurance premium paid by the charitable company during the year totalled £510 (2020: £501).
18 Liability of members
SIGNAL Family Support Ltd is a company limited by guarantee and has no share capital. In the event of the company being wound up, the liability of the members is limited to £1 each.
19 Ultimate controlling party
The charitable company was under the control of the trustees during the period under review. There is no single ultimate controlling party.
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