REPORT OF THE DIRECTORS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR SIGNPOSTS (STAFFORD) LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Statement of Financial Activities Balance Sheet Notes to the Financial Statements Accountants Report Company Number 05861136 (England & Wales) Charity Number: 1149703
SIGNPOSTS (STAFFORD) LIMITED Report of the Trustees for the Year Ended 31 March 2024 The Trustees are pleased to present their annual directors, report together with the fmancial statements of the charity for the year ending 3 l March 20?4 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 201 I, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting Reporting By Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporttng Standards for Smaller Entities in the UK and Republic of Ireland (FRS102) (effective l January 2015). Introduction and Objects Signposts (Stafford) is a company limited by guarantee, without a share capital and is governed by the directors, subject to the requirements of charity law. The principal activities of the organisation is for the provision of care and services to the community with a specifically Christian ethos. Reference and administrative details Charity number: Company number: Registered Office: 1149703 05861136 C/0 Rising Brook Baptist Church, Burton Square, Stafford, ST17 9LT Our advisers Accountants Wynniatt-Husey Limited The Old Coach House, Horse Fair Rugeley, Staffordshire, WS15 2EL Bank The Co-operative Bank P.0. Box 250, Skelmersdale WN8 6WT Trustees, responsibilities in relation to the financial statements The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows: Mrs Dianne Corson Mr Mark Corson Mr Stephen Eyton-Jones Mr John Marshall Mrs Grace Marshall Mrs Linda Smith Chairman Secretary Page I
SIGNPOSTS (STAFFORD) LIMITED Report of the Trustees for the Year Ended 31 March 2024 continued Trustees, responsibilities in relation to the financial statements The charity trustees (who are also the directors of the Signpost (Stafford) for the purpose of company law) are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare fmancial statements for each year which give a true and fair view of the state of affairs of the charitable company at the end of the fmancial year and of the incoming resources and application of resources, including the income and expenditure of the charitable company for the period ending on that date. In preparing the fmancial 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 judgements and estimates that are reasonable and prudent; state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the fmancial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the fmancial posttion of the charity and to enable them to ensure that the financial statements comply with the Charities Act 201 l and part 15 of the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Reserve Policy It is the charity's policy to maintain funds equivalent to a minimum of three month expenditure to provide security of operation should grant funding be delayed or deferred for any reason. Reserves are held in a mixture of short tern] bonds and an instant access savings account to maximise the interest earned on the charity's funds. Risk Management The directors have examined the principle areas of the company's operations and considered the major risks, which may arise in these areas. In the opinion of the directors, the company has established resources and review systems which under nonnal conditions should allow the risks identified by them to be mitigated to an acceptable level in its day to day operation. Signed on behalf of the Trustees bi,QLLLCvL.......................... Date: ill" lol Page 2
SIGNPOSTS (STAFFORD) LIMITED Statement of Financial Activities for period ended 31 March 2024 2024 Restricted Unrestricted Total 2023 Total Incoming Resources Grants for projects Sundry income Note 8 90,946 90,946 5,642 98.903 10,700 5,642 Total Incoming Resources 90,946 5,642 96,588 109,603 Resources expended Note 9 100,476 6,289 106,765 98,234 Net Incoming/(Outgoing) Resources ~9,530 -647 -10.177 11,369 Total funds as at l April 2023 Total funds as at 31 March 2024 62,941 53,411 67,283 66,636 130,224 120,047 118,855 130,224 The notes form part of the financial statements Page 3
SIGNPOSTS (STAFFORD) LIMITED Balance Sheet as at 31 March 2024 Notes 2024 2023 Fixed Assets Tangible Assets 42 Current Assets Cash at bank and in hand Debtors 121,146 1,017 130,370 3,502 122,163 133,872 Creditors: amounts falling due within one year 2,116 3,691 Net Current Assets/(Liabilities) 120,047 130,182 Total Assets 120,047 130,224 Represented By: Restricted funds Unrestricted funds 53,411 66,636 62,941 67,283 Total funds 120,047 130,224 The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the charitable company to obtain an audit of its fLnancial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The directors acknowledges their responsibilities for . ensuring that the charitable company keeps accounting records which comply with Section 386 and 387 of the Companies Act 2006 and; b) preparing fmancial statements which give a true and fair view of the state of affairs of the charitable company, as at the end of each fmancial year and its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirement of the Companies Act 2006 relating to fmancial statements, so far as applicable to the charitable company. The fmancial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. The fmancial statements were approved by the Board of Trustees on . i.*a.D4.c .lo¥And were signed by: . Chairn]an Director The notes form part of the financial statements Page 4
SIGNPOSTS (STAFFORD) LIMITED Notes to the Financial Statements for the period ended 31 March 2024 I ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of estimations uncertainty in the preparation of the financial statements are as follows: Basis of Accounting 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) (effective l January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Signposts (Stafford) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). Grants Receivable Grants, are recognised in full in the Statement of Financial Activities in the year in which they are received. Resources Expended Resources expended are recognised in the period in which they are incurred. Attributable VAT is included, which cannot be reclaimed. Resources expended are attributed to the particular activity to which they relate. Depreciation Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Fixtures and Fittings Computer Equipment 25.0 % straight line 33.3 % straight line Unrestricted Funds Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity Wlthout further specified purpose and are available as general funds. 2 CHARITABLE STATUS The company received charitable status on 12 November 2012 under number 1149703. 3 TAXATION STATUS 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 199? to the extent that these are applied to its charitable objects. The notes form part of the financial statements Page 5
SIGNPOSTS (STAFFORD) LIMITED Notes to the Financial Statements for the period ended 31 March 2024 4 TANGIBLE FIXED ASSETS Fixtures Computer & Fittings Equipment Total Cost or Valuation At l April 2023 Additions Disposals 25,681 5,409 31,090 At 31 March 20?4 25,681 5,409 31,090 Depreciation At l April 2023 Charge for the year Eliminated on disposals 25,639 42 5,409 31,048 42 At 31 March 2024 25,681 5,409 31,090 Net Book Value At 31 March 2024 At 31 March 2023 4? 42 S DEBTORS 2024 2023 HMRC 1,017 3,502 1,017 3,502 6 CREDITORS Accruals 2,116 3,691 2,116 3,691 7 SHARE CAPITAL The company is limited by guarantee and does not have share capital. Every member of the company undertakes to contribute a maximum of £ l in the event of the company being wound up. whilst they are a member, or within a year of them ceasing to be a member. As at 31 March 2024 the company had 6 members, in 2023 the company had 6 members. The notes form part of the financial statements Page 6
SIGNPOSTS (STAFFORD) LIfvIITED Notes to the Financial Statements for the period ended 31 l¥larch 2024 8 INCOIIIING RESOURCES 2024 Total 2023 Total Restricted Unrestricted Project: Git"t"Gaff Neighbourly Project: National Lottery (April 22) Project: National Lottery (Dec 22) Project: National Lottery (Sept 21) Project: National Lottery (June 23) Project: Crash Project: Food Bank Project: Infonnation & Guidance Project Project: Open House Project: Storehouse Project: Lidl Bear's Toy Bank Project: National Grid Bank Interest Financial Services Compensation Gifts Received Monthly Donations HMRC- Gift Aid 1,000 4,771 8.970 50,000 60 22,728 3,367 3.367 50,000 2,400 3,515 18,234 50,000 2,400 3,515 18,234 2,670 8,278 426 8.649 326 555 3,900 8,649 326 5)5 3,900 3,144 3,144 1,503 3,87) 1,290 1,758 2,274 143 2,043 312 143 2.043 312 90.946 5.642 96.588 109.603 The notes form part of the financial statements Page 7
SIGNPOSTS (STAFFORD) LIfvIITED Notes to the Financial Statements for the period ended 31 larch 2024 9 RESOURCES EXPENDED 2024 Total 2023 Total Restricted Unrestricted Proj¢ct: GiffGaff Neighbourly Project: Clarion Futures Project: National Lottery (April 22) Project: National Lottery (Sept 21) Project: National Lottery (Dec 22) Project; National Lottery (June 23) Project: Crash Project: Food Bank Project: Infonnatton & Guidance Project Project: Open House Project: Storehouse Project: Lidl Bear's Toy Bank Project: National Grid Fixtures & Fittings Depreciation Insurance l.T. Costs Utilities Accountancy Fees Database Licence Fees Bad Debts Uniforn) Bank 65 65 888 74 3.368 50.000 2,123 3,367 50,000 6,457 1,500 94 23,261 57 9,026 4,145 352 2,152 3,367 50,000 6,457 1,500 94 23,261 57 9,026 4,145 352 2,152 42 2,352 724 759 1,212 1,200 515 18,666 1,620 7,761 6,441 42 2.352 724 759 1,212 1.200 73 2,337 889 1,212 1,200 769 298 100.476 6.289 106.765 98.234 The notes form part of the financial statements Page 8
SIGNPOSTS (STAFFORD) LIMITED Report of the Accountants to the Directors of Signposts (Stafford) Limited As described on the balance sheet you are responsible for the preparation of the financial statements for the period ended 31 March ?0?4 set out on pages three to eight and you consider that the company is exempt from an audit. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and inforniation and explanations supplied to us. Wynniatt-Husey Limited Chartered Accountants The Old Coach House Horse Fair Rugeley Staffordshire WS15 2EL Date: 14 November 2024 This does not form part of the statutory financial statements Page 9