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 2022
to
31[st] March 2023
SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Contents
| Page | |
|---|---|
| Trustees' report | 1 to 5 |
| Independent examiner’s report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the accounts | 9 to 17 |
SIGNAL FAMILY SUPPORT (Limited by Guarantee)
SIGNAL FAMILY SUPPORT LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. 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 2023, 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 continuing covid-19 pandemic.
After switching our members’ meetings to Zoom in April 2020, due to covid protections, in 2022/23 we were able to move some of our meetings back to being in-person. Going forward, we will continue to use both online and in-person meetings to meet the needs of our members. This year our speakers included autistic authors and advocates Pete Wharmby and Chris Bonnello
Coffee mornings for parents continued to be popular in 2022/23, especially as we were able to move indoors. Various members have hosted in their own homes and we have also made use of neutral spaces such as the children’s centre and local cafes.
Our weekly trampolining and swimming classes continued this year and are still hugely popular with considerable waiting lists, especially for swimming. We are currently making changes to this activity (including hiring an extra instructor) to enable more children to take part.
Our annual Family Summer Party was held in July at our usual venue in Ladywell with the regular attractions such as a bouncy castle, the Engine Shed, raffle, arts & crafts and food. This year we also had a Game Wagon which was very popular.
Our Teen Group (social group for autistic teenagers) continues to run every week, whether in person and/or via Zoom. It includes organised activities, such as board games and pizza-making, as well as informal chat, games and so on.
From September 2020 we have been offering a weekly yoga class via Zoom on Tuesday evenings. This has proved very popular and continues to be well-attended by parents and children each week.
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SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Having secured funding at the end of 2022, we started our second project with The Deborah Ubee Trust to provide mental health support for some of our members, this time exclusively for our younger members. It has proved enormously popular and provides an invaluable service.
This year we undertook a full programme of day trips, outings and events, including Broadstairs, Tower Bridge Experience, AirThrill, panto and 10-pin bowling. All events were well attended.
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 ASD diagnosis rate of young people in England. Amongst other things, we have supported our parents to campaign in various areas including school transport and the Government’s Delivering Better Value scheme. We have also been involved in setting up a social group for autistic girls and taking part in the event to launch the borough’s All Age Autism Strategy.
Volunteers
We would like to thank our volunteers who have generously donated their time and talents to the charity, especially our trustees.
In early 2023 a number of our trustees stepped down due to personal circumstances. At the time of writing we have 3 trustees and they are working well together to help SIGNAL move forward.
FINANCIAL REVIEW
SIGNAL Family Support was in a healthy financial position as at 31[st] March 2023 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.
Other income is generated by the membership who pay a joining fee plus nominal amounts for our events and activities.
Total income for the year is £59,872 (2022: £69,677), of which £37,223 (2022: £53,338) is restricted income for specific purposes and £22,649 (2022: £16,339) is for general purposes. Total expenditure in the year is £73,045 (2022: £60,125) of which £61,887 (2022: 47,111) is related to restricted income.
The reserves of SIGNAL Family Support at 31[st] March 2023 are £87,349 (2022: £100,522) in total, with £44,029 (2022: £68,693) relating to restricted income funds and £43,320 (2022: £31,829) being our general reserve.
Principal funding sources
A big thank you to BBC Children in Need, National Lottery Community Fund, City Bridge Trust and Children First Lewisham for their continued support of our activities, plus all members and supporters who donate throughout the year, including the congregation of St Hilda’s parish church in Crofton Park, and Prendergast Ladywell school who, with matched funding from The Leathersellers, raised over £1,500 for SIGNAL.
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SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Reserves policy
The charity aims to maintain unrestricted reserves equivalent to 3 to 6 months’ operating costs. For a normal year this is considered to be approximately £21,000 to £42,000. 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. At the year end the charity’s unrestricted reserve stands slightly higher than the policy states at £43,320, the trustees consider the excess to be within a reasonable amount given the current economic and funding climate.
FUTURE PLANS
Although covid-19 is still present in the community, we are now running a full programme of events and activities. The coming year will see our young people’s mental health scheme move into its 2[nd] phase and our swimming capacity increase. We are also working through a process of revising some of our procedures around how activities are managed to ensure that we are as fair and efficient as possible.
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SIGNAL FAMILY SUPPORT (Limited by Guarantee)
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 Appointed Resigned S Gregory 18 June 2015 01 Feb 2023 H Jin 07 Aug 2022 23 April 2023 N Ballard 24 Sep 2018 25 Jan 2023 S Edwards 21 May 2020 20 April 2023 J Higgins 04 June 2022 11 April 2023 G Nwaordu Chair 26 Oct 2020 I Sinclair 05 Dec 2017 11 April 2023 J Alaszewski 09 Sep 2022 23 April 2023 A McKinnon 11 Aug 2022 21 April 2023 Y Welch Treasurer 11 Aug 2022 T Jakubowiczova 19 Aug 2022 K Mantle 06 Aug 2015 25 Nov 2022 K Cody 03 July 2014 24 June 2022
Independent examiner
Kathleen Moss ACMA, CGMA Kathleen Moss Limited 48 Lawn Terrace London SE3 9LP
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
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SIGNAL FAMILY SUPPORT (Limited by Guarantee)
The Trustees (who are also directors of SIGNAL Family Support Ltd for the purposes of company law) are responsible for preparing the Trustees’ Annual 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
-
Select suitable accounting policies and then apply them consistently.
-
Observe the methods and principles in the Charities SORP.
-
Make judgments and accounting estimates that are reasonable and prudent.
-
State whether applicable UK Accounting Standards have been followed.
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Prepare the financial statements on the going concern basis unless it is inappropriate to
-
presume that the charitable company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2023 was 9 (2022: 7). The Trustees are members of the charity. The Trustees have no beneficial interest in the charity and are not remunerated.
Approved by the Board of Trustees on
2023 and signed on its behalf by
5
SIGNAL FAMILY SUPPORT
(Limited by Guarantee)
Independent Examiner's Report
To the Trustees of SIGNAL Family Support Limited
I report on my examination of the financial statements of the charitable company SIGNAL Family Support Ltd for the year ended 31st March 2023, which comprise the Statement of Finacial Activities, the Balance Sheet and related notes.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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 methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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: .........................
6
SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31st March 2023
| Unrestricted funds Restricted funds Total funds 2023 Income Notes £ £ £ Donations and legacies 3 10,999 - 10,999 Charitable activities 4 11,650 37,223 48,873 Total income 22,649 37,223 59,872 Expenditure: 5 Raising funds 3,884 - 3,884 Charitable activities 7,274 61,887 69,161 Total expenditure 11,158 61,887 73,045 Net income/(expenditure) 11,491 24,664) ( 13,173) ( Net income/(expenditure) and net movement in funds for the year 11,491 24,664) ( 13,173) ( Reconciliation of funds Total funds brought forward 31,829 68,693 100,522 Total funds carried forward 43,320 £ 44,029 £ 87,349 £ |
Unrestricted funds Restricted funds Total funds 2022 |
|---|---|
| £ £ £ 10,140 - 10,140 6,199 53,338 59,537 |
|
| 16,339 53,338 69,677 |
|
| 6,092 - 6,092 6,922 47,111 54,033 |
|
| 13,014 47,111 60,125 |
|
| 3,325 6,227 9,552 |
|
| 3,325 6,227 9,552 28,504 62,466 90,970 |
|
| 31,829 £ 68,693 £ 100,522 £ |
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 9 to 17 form part of these accounts.
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SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Balance Sheet As at 31st March 2023
| Note Fixed assets Tangible Assets 8 Current assets Debtors 9 Cash at bank and in hand Liabilities: Creditors: Amount falling due within one year 10 Net current assets / (liabilities) Net assets The funds of the charity: 11 Restricted income funds 12 Unrestricted income funds 12 General reserve Total charity funds |
2023 £ - 2,500 94,564 97,064 9,715) ( 87,349 87,349 44,029 43,320 87,349 |
2022 |
|---|---|---|
| £ - - 105,319 |
||
| 105,319 | ||
| 4,797) ( |
||
| 100,522 | ||
| 100,522 | ||
| 68,693 31,829 |
||
| 100,522 |
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 2023. 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 9 to 17 form part of these accounts.
The accounts were approved by the Board on ……………………….
....................................................... .................................. Trustee Name Charity Registration No. 1143147 Company Registration No. 07532242
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SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Notes to the financial statements for the year ended 31st March 2023
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.
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SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2023: 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.
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SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2023: 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 The National Lottery Fund BBC Children in Need City of London Trips Trampolining/Swimming Income from charitable activities - prior year comparative The National Lottery Fund BBC Children in Need Job Retention Support Children First Lewisham City of London Project fees Trips Trampolining/Swimming |
Unrestricted Restricted Total 2023 £ 4,612 - 4,612 6,387 - 6,387 |
|---|---|
| 10,999 - 10,999 |
|
| Unrestricted Restricted Total 2022 £ 8,840 - 8,840 1,300 - 1,300 |
|
| 10,140 - 10,140 |
|
| Unrestricted Restricted Total 2023 £ - 6,960 6,960 500 20,263 20,763 - 10,000 10,000 5,440 - 5,440 5,710 - 5,710 |
|
| 11,650 37,223 48,873 |
|
| Unrestricted Restricted Total 2022 £ - 6,960 6,960 - 20,263 20,263 - 4,965 4,965 - 21,150 21,150 - - - 134 - 134 1,225 - 1,225 4,840 - 4,840 |
|
| 6,199 53,338 59,537 |
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SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2023: continued
5 Analysis of expenditure
| Analysis of expenditure | ||||
|---|---|---|---|---|
| Cost of raising funds | Charitable activities | Governance costs | 2023 Total | |
| £ | £ | £ | £ | |
| Fundraising | 3,741 | - | - | 3,741 |
| Staff costs | - | 20,353 | 1,071 | 21,424 |
| Swimming | - | 12,343 | - | 12,343 |
| Trips | - | 10,808 | - | 10,808 |
| Trampolining | - | 7,586 | - | 7,586 |
| Office & administration | - | 311 | 112 | 423 |
| Teens group | - | 5,899 | - | 5,899 |
| Parents' meetings/family activities | - | 2,022 | - | 2,022 |
| Yoga | 1,720 | - | 1,720 | |
| Mental health project | 5,000 | - | 5,000 | |
| Newsletter | - | 565 | - | 565 |
| Depreciation | - | - | - | - |
| Insurance | - | - | 438 | 438 |
| Legal | - | - | - | - |
| Training | - | - | - | - |
| Independent Examination 2023 | - | - | 700 | 700 |
| Payroll service | - | 376 | 376 | |
| Total | 3,741 | 66,607 | 2,697 | 73,045 |
| Governance costs | 143 | 2,554 | (2,697) | - |
| Total expenditure 2023 | 3,884 | 69,161 | - | 73,045 |
| Unrestricted | Restricted | Total | ||
| Of the total expenditure: | 2023 | 11,158 | 61,887 | 73,045 |
| 2022 | 13,014 | 47,111 | 60,125 | |
| Analysis of expenditure - prior year comparative | ||||
| Cost of raising funds | Charitable activities | Governance costs | 2022 Total | |
| £ | £ | £ | £ | |
| Fundraising | 5,924 | - | - | 5,924 |
| Staff costs | - | 21,424 | - | 21,424 |
| Swimming | - | 4,189 | - | 4,189 |
| Trips (refund for cancelation) | - | 5,940 | - | 5,940 |
| Trampolining | - | 8,486 | - | 8,486 |
| Office & administration | - | 2,003 | - | 2,003 |
| Teens group | - | 6,733 | - | 6,733 |
| Parents' meetings/family activities | - | 1,297 | - | 1,297 |
| Yoga | 1,960 | - | 1,960 | |
| Newsletter | - | 431 | - | 431 |
| Depreciation | - | 80 | - | 80 |
| Insurance | - | - | 521 | 521 |
| Legal | - | - | - | - |
| Training | - | - | - | - |
| Independent Examination 2022 | - | - | 780 | 780 |
| Payroll service | - | 357 | 357 | |
| Total | 5,924 | 52,543 | 1,658 | 60,125 |
| Governance costs | 168 | 1,490 | (1,658) | - |
| Total expenditure 2022 | 6,092 | 54,033 | - | 60,125 |
12
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SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2023: 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 |
2023 2022 £ £ - 80 700 780 2023 2022 £ £ 20,800 20,800 - - 624 624 |
|---|---|
| 21,424 21,424 |
|
| 2023 2022 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 (2022: nil).
Tangible fixed assets
| Cost: At 31 March 2023 Depreciation: At 1 April 2022 Charge for year On disposals At 31 March 2022 Net book value: At 31 March 2023 At 31 March 2022 |
Equipment £ 2,376 |
|---|---|
| 2,376 - - |
|
| 2,376 | |
| - | |
| - |
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SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2023: continued
| 9 | Debtors | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | |||
| Accrued income | 2,500 | - | ||
| 2,500 | - | |||
| 10 | Creditors | |||
| Amounts falling due within one year: | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Social Security and other taxes | 219 | 249 | ||
| Pension | 121 | 121 | ||
| Accruals & other creditors | 9,375 | 4,427 | ||
| 9,715 | 4,797 | |||
| 11 | Analysis of net assets between funds | |||
| Unrestricted | Restricted | Total | ||
| Funds | Funds | Funds | ||
| £ | £ | £ | ||
| Fund Balances at 31 March 2023 are represented by: | ||||
| Tangible Fixed Assets | 0 | 0 | 0 | |
| Current Assets | 50,535 | 44,029 | 94,564 | |
| Creditors: Amounts falling due within one year | (9,715) | - | (9,715) | |
| Total net assets | 40,820 | 44,029 | 84,849 | |
| Analysis of net assets between funds -prior year comparative | ||||
| Unrestricted | Restricted | Total | ||
| Funds | Funds | Funds | ||
| £ | £ | £ | ||
| Fund Balances at 31 March 2022 are represented by: | ||||
| Tangible Fixed Assets | 0 | 0 | 0 | |
| Current Assets | 36,626 | 68,693 | 105,319 | |
| Creditors: Amounts falling due within one year | (4,797) | - | (4,797) | |
| Total net assets | 31,829 | 68,693 | 100,522 |
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SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2023: continued
12 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 Teen Group Swimming Yoga Trips Trampolining Mental Health Project Financial/information/ Governance Administrator Total Restricted Funds Unrestricted funds: General funds Total funds |
At Incoming Outgoing Transfer between funds At 01-Apr-22 31-Mar-23 £ £ £ £ 3,619 6,960 ( 5,899) - 4,680 5,071 ( 5,071) - - 1,240 - ( 1,240) - - 17,919 10,132 ( 10,808) - 17,243 12,889 - ( 7,586) - 5,303 - 10,000 ( 5,000) - 5,000 8,317 - ( 4,483) - 3,834 19,638 10,131 ( 21,800) - 7,969 |
|---|---|
| 68,693 37,223 (61,887) - 44,029 |
|
| 31,829 22,649 (11,158) - 43,320 |
|
| 100,522 59,872 (73,045) - 87,349 |
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, City Bridge Trust and National Lottery have granted funds to support activities.
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SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2023: continued
12 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 COVID-Teen Group Swimming Yoga Trips Trampolining Financial/information/ Governance Administrator Job Retention Support Total Restricted Funds Unrestricted funds: General funds Total funds |
At Incoming Outgoing Transfer between funds At 01-Apr-21 31-Mar-22 £ £ £ £ 3,392 6,960 ( 6,733) - 3,619 9,260 - ( 4,189) - 5,071 8,540 - ( 1,960) ( 5,340) 1,240 13,728 10,132 ( 5,941) - 17,919 7,034 9,000 ( 8,485) 5,340 12,889 516 12,150 ( 4,349) - 8,317 19,996 10,131 ( 10,489) - 19,638 - 4,965 ( 4,965) - |
|---|---|
| 62,466 53,338 (47,111) - 68,693 |
|
| 28,504 16,339 (13,014) - 31,829 |
|
| 90,970 69,677 (60,125) - 100,522 |
13 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.
14 Related parties
There are no related party transactions to disclose for 2023 (2022: none).
There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
15 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 2023 (2022: none) for travelling and other expenses and no payments were made direct to third parties.
16 Pension and other post-retirement benefit commitments
| Defined contribution | 2023 | 2022 |
|---|---|---|
| £ | £ | |
| Contributions payable by the company for the year | 624 | 624 |
At 31 March 2023 £121 was outstanding, paid in April 2023.
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SIGNAL FAMILY SUPPORT (Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2023: continued
16 Contingent assets or liabilities
There are no contingent assets or liabilities at March 2023 (2022:Nil).
17 Professional indemnity insurance
The charitable company has insurance to protect it from loss arising from the neglect or defaults of its Trustee, em and agents and to indemnify the Trustees or other officers against the consequences of any neglect or default o n The insurance premium paid by the charitable company during the year totaled £438 (2022: £521).
18 Liability of members
SIGNAL Family Support Ltd is a company limited by guarantee and has no share capital. In the event of the comp 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 controlling party.
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