MBRELLA embracing abilities Charity Number 1150203 UMBRELLA DERBY & DERBYSHIRE FINANCIAL STATEMENTS 31 MARCH 2024 Charity Number 1150203 Company Number 07904108 DKS Chartered Certified Accountants 2 Kingsdale Grove Chellaston Derby DE73 SNX 'ADDFTPNC* 1011012024 COMPANIES HOUSE
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UMBRELLA DERBY & DERBYSHIRE FINANCIAL STATEMENTS 31 MARCH 2024 Contents Pages Reference and administrative detsils Trustees, report 2to7 Independent Examiner's report Stalement of Financial Activities Balance Sbeet Ioto 11 Statement of Cash Flows 12 Notes to financial statements 13to26
UMBRELLA DERBY & DERBYSHtRE REFERENCE AND ADMINISTRATIVE DETAILS The Board of Trustees / Directors Nigel FaoW Ruth Pownall James Stafford DL Zowie Hunt John Russell Sharon Insull Tracy Harrison Wayi]e Cook Beth McDonald Catherine Moseley Richard Vasey Andrew Seymour Rebecca Sutton Chair and Secretary Vice Chair Resigned l 3 September 2023 Treasurer Appointed 9 August 2023 Resigned 13 September 2023 Resigned 31 MaTch 2024 Resigned 31 December 2023 Appointed 9 January 2024 Appointed 9 January 2024 Company Secretary Nigel Farrow Chief Executive Ann Rowlands MBE Registered Office Umbrella House 64 Birdcage Walk Mackworth DERBY DE22 4LD Independent Examiner David Smith FCCA DKS Chartered Certified Accountants 2 Kingsdale Grove Chellaston Derby DE73 5NX Bankers Barclays Bank plc 22-26 St Peters Street Derby DEI ISH
UMBRELLA DERBY & DERBYSHIRE TRUSTEES, REPORT YEAR ENDED 31 MARCH 2024 The directors who are also trnstees have pleasure in presenting their report and unaudited financial statemenls of Ihe charity for the year ended 31 March 2024. Princlpal activities The principal activity of the charity is to advance and support the relief of disabled andjor sick children and young adults and to promote rearch and awareness of th¢ related courses of treatment of this sector. This is in accordance with the objects contained in the Memorandum and Articles of Association, the charity's goveming document. Flxed assets Details of movements in fixed assets are shown in note 9 to the accounts Directors The directors who served during the year ar¢ shown on page l. OBJECTIVES AN TIVITIE Charitable objectlves To advance and support charities and charitable purposes and in parlicular bul without prejudice to ihe gcnerality of the foregoing: (l) The rclief of disabled an<Vor sick children. (2) The provision of inforniation to or for the benefit of disabled andlor sick children. {3) The provision (and assisting in the provision) of facilities, equipment and amenities for the treatment or welfare of disabled andlor sick children. (4) Tbe relief in cases of fujancial need, hard8hip or distress of disabled or sick children and of their rejatives. (5) The promotion of research into the causes and treatment of disabled an<Vor sick children and the publication of the results thereof. Umbrella is a registered cbarity SUPPOrting children and young peoplc with disabililies and their families who live in Southern Derbyshire. The following summarises our services and achi¢veinents.
UMBRELLA DERBY & DERBYSHIRE TRUSTEES REPORT YEAR ENDED 31 IIIARCH 2024 ACHIEVEMENTS AND PERFORMANCE CHAIR'S REPORT 202314 has again seen steady prOeSS in growing and developing Umbrella thanks to the skill, dedication and enthusiasm of our staff, volunteers and Trnstees. Our services were more needed than ever, given the cost-of- living crisis and difficulties in acttssing statutory services. Children. young people, parents and carers Lonlinue to value our services, giving very positive feedback, for instance: Umbrella are i"eally good ai lending an ear & signposling me Lo other injormalion ihaÈ s seful to ine & mv son. Boih me & my child enjoy all aclivities days as ils a place we can go andfeel nornial & notjudged J have beeii so impressed with [Umbrella workei"I he really does eiigage Mllth [our son]. He includes him in the Pl1n1ns, makas him think about thiiigs like buses and Losts, and ial about why one option isn '1 possible but anoiher is. He seemed io really care about helping him grow rather ihaiijust look'ng after him. Umbrella has been an invaluable sei'vice for my 8 and 15 yeai" olds. The aclivilies offered were $0 muchft4n and meanl my children could engage in an uclivily theii" peers do bul in a safe, uiiderstaiiding environmenf. All slaff are wonderful and do an amazingjob ai offering perie1e5 in a siipporlive. fyn environment. I could do soineihing where everyone underslood me and it didn't matter if I had a momen¢ or did weird things. I liked doing]un things andfeeling like J could do things like other kds at school do thal I noMllY can't. It sfvn. ... 'e don.'I get moaned at all the Lime. Staff help us lo undeistand the ou¢side world I reall)¥ enjoy goiiig io Umbrella. J have madefriends in the group. The staff are great - I can talk ¢0 them abnut anything apid they oli,vays listen. We have faced financial challenges caused by rising costs and the need to pay staff fairly to reflect the rising cost of living, whilst the income from Local Autborities has not always kept pace with inflation. However. we have b¢¢n successful in securing some core funding from BBC Chi Idren in Need and the Garfield Weston Foundation. addition, we secured funding from Masonic Charitsble Foundation and Mickleov¢r Golf Club to fund Umbrella's Play and Leisure Project Manager post for the next two years. Over the year we have been successful in recruiting sorne excellent staff, but still need additional activity support workers lo help us further grow our services lo meet demand. Thanks to dedicaled funding we have been able to appoint a marketing, cornmunicalions and ndraISing offjcer.
UMBRELLA DERBY & DERBYSHIRE TRUSTEES REPORT YEAR ENDED 31 MARCH 2024 CHAIR'S REPORT continued We are investing in technology to help staff work more effectively. During the year we moved all the inforniation about our children, young people and young adults and their families to a new database, Lamplight, We continue to benefit from support fron) our many friends, particularly at the White Swan and Mickleover Golf Club who have consistently raised funds for Umbrella so we can continue our invaluable work. I would likc to thank all of those involvcd with Unibrella for their continuing contributions our CEO, staff. volunteers, fundraisers, supporters and not forgetting my fellow Trustees. Nigel Farrow Chair of Trustees
UMBRELLA DERBY & DERBYSHIRE TRUSTEES REPORT YEAR ENDED 31 MARCH 2024 PUBLIC BEIYEFIT Umbrella provides support to disabled children, young adults, and their families within the Southern Derbyshire catchment area. The support and activities provided are Government funded via Local Government and Health or funded from independent grants. The services and activities provided are open to all disabled children and their families, subject to availability, funding and funder conditions. In practice. due to the wide range of disabilities supported, some activities are more appropriate for some children than others. Our Care Quality Commission (CQC) allows Umbrella to support ckn'ldren and young adults with complex needs in their own homes. Our services rely ext¢llsively on our team of Volunteers. Tbe Volunteer service plays an important part in the personal development of the, mainly, young adults who fomi our volunteer pool. Umbrella Derby & Derbyshire Limited continually strives to extend its services and activities. These new activities are inilially funded from public or corporate donations. and our own reserves. As the new services become established, we Progressively seek to obtain mainstream funding contracts to continue the service. FINANCIAL REVIEW We are pleased to present these finanL'ial statements for the year, showing a final net income of £IOk achieved for the fancial period aDd £45k of net income excluding depreciation. The result is a considered a fantastic achievement, given continued ditTicult economic conditions and the cost of IiviD8 Struggles experienced by many, and most notably charitable organisations. Our balance sheet remains strong with total net assets of £486k. This includes our owned registered ofrice as our main asset following full repayment of the Mortgage at the siart of 2023. Overall there was a £149k increase (59.70/0) in Current assets compared to 31 March 2023 including a strong cash balance of £300k plus £9 Ik of invoiced and recoverable debtors. Payroll costs remained a sigDificani proportion of our total costs, increasing a further 19.6Q/ts year on year, as shown in not¢ 7, as a result of an increased headcount to enable us to grow service delivery and National Living and National Minimum Wage increases outside of our control. For a number of our support setvices, Local Authority funding is not suificient to cover the rising costs of running the services and therefore we are reliant on additional fundraising to meet the full costs of providing such services. We are extremely forlunate to have a slrong network of supporters and advocates of Umbrella, who work tirelessly to assist in Taising additional funds to supplement our existing income streams. As noted in the Chair's report above. such donations have enabled us lo recruit a new marketing, communications and ndraiSing offi¢¢r to further help us drive awareness of the services we are able to offer in the local communities and to gain additional support from business and individuals, in the forn) of additional grants and donations. These will belp to cover additional costs incurred and generate additional reserves to underpin the financial stability of the charity. and allow us to invest some of our healthy cash reserves in new technology projects and invest further into the support and well-being of our much appr¢ciated employccs and v.olunteers.
UMBRELLA DERBY & DERBYSHIRE TRUSTEES REPORT YEAR ENDED 31 MARCH 2024 Reserves pollcy The company's reserves policy is to hold 3 months expenditure in general reserves. This currently equates to about £220k. General reserves at 31 Marcb 2024 are £206k and therefore we are satisfied these are in line with the policy, noling a requirement for some improvement as noted above. PLANS FOR FUTURE PERIODS Giv¢n th¢ continued high cost base due to significant inflation ongoing into the next financial year. our aim for 2024125 again is to breakeven. after depreciatAOn. The financial result of the charity remains highly dependant on some factors outside of our control, such as political polices regarding Local Authority funding and National Living Wage increases, We endeavour to keep costs within our control to a minimum, whilst retaining a focus on the quality of the delivery of our services and in the best interests of our employees and volunteers. as well as tdentifying further funding opportunities and maximising ihe delivery of charge¢ible services. TRUCTURE GOVERNANCE AIYD MANA The charity w&$ initially established on 26 April 1988 and registered as a charity on l December 1988, registered charity number 700884. Since April 2013, it has been operdting as a Company Limited by Guarantse (Company no 07904108. Charity no 1150203) and operdtes from the Registered Office, which is Umbrella House, 64 Birdcage Walk, Derby, DE22 4LD. The charity is governed by its constitution as ainended on 12 Junc 1997. Thcrc havc been no furthcr amendments since that date. Policies and protedures for Inductlon and training of trustees An updated training pack for ¢mploy¢¢s is bcing amend¢d to form the model for an induction and training programme for directors/trustces. Organisatlonal structure The ch&rkty is managed by the board of directorsllrustees. The board of dircctors has given limited powcrs to the Chief ExeLutive, who r¢ports forn)ally to ihe board through board nieetings. Risk mitigation policy Wherc appropriate, systems or procedures are ¢stablished to mitigate the risks th¢ ¢harity faces. The recent development of a business plan has helped with the identification of external and internal risks. The significant external risks lo funding are an ongoing issue that is continually monitored with also a view to diversification of funding sources and activities. To this end the organisation has committed itself to the incoOration of the Charity in order to develop a profcssional operation. Inteinal control risks are mAnimised by the implementation of proccdurcs for authorisation of all transactions and projects. Procedures are in place to ensure compliance with all ststutory obligations eg Health and Safety, DBS checks, etc. for staff, volunteers, Clients and visitors to the charity where applicablc. Precautionary insurance is also in place to ncgatc any valid or spurious claims that may arise against the charity.
UMBRELLA DERBY & DERBYSHIRE TRUSTEES REPORT YEAR ENDED 31 MARCH 2024 STRUCTURE GOVERNANCE AM) MANAGEMENT- CoDtlnued Related parties Uinbrella has no related parties that make a significant impact upon the policies adopted by the organisation. Pay Policy for Key Management Personnel The Trustees of Umbrella Derby &Derbyshire set the pay stTucbJre of the senior management team via a review undertaken by a Remuneration Panel comprising of three members of th¢ Board. Independent Examlner David Smitb FCCA, of DKS Chartered Certified Accountants offers himself for reappointment at the AGM. Small Company Provlslons This report has been prepiired in accordance with ihe special provisions for small companies under part 15 of the Companies Act 2006. Umbrella House 64 Birdcage Walk Mackworth DERBY DE22 4LD Sied on behalf of the trustees Zowie Hunt Treasurei Approved by the trustees on 18 Septeinber 2024
UMBRELLA DERBY & DERBYSHIRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES YEAR ENDED 31 MARCH 2024 Independent examiner's report to the Trustees of Umbrella Derby & Derbyshire I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024, which are set out on pages 9 to 26. .Responsibillties and basis of report As the cbarity's trustees of the Company (and also its directors for the purposes of Company law) you are responsible for ihe preparation of the arxounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not requiTed 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 charity'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 Since the Company's grross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 201 l Act. I confirm that l am qualified to undertake the examination b¢¢aus¢ l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. 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: 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 requir¢ments of section 396 of the 2006 Act other than any requirement that the accounts giv¢ a truc and fair view which is not a matter considered as part of an independent examination; or 4. 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 treland (FRS 102). I have no co rns and have com¢ across no other matteTS ID connection with the ¢xamknation to which attention sboul awn in this report in order to enable a proper understanding of the accounts to be reached. d Smith FCCA DKS Chartered Certified Accountants 2 Kingsdale Grove Chellaston Derby DE73 5NX Date: 18 September 2024
UMBRELLA DERBY & DERBYSHIRE STATEMENT OF FtNANCIAL ACTIVITIES (INCORPORATING INCOME &EXPENDITURE ACCOUNT) YEAR ENDED 31 IWIARCH 2024 Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Note COME Donations and Legacies Charitable Activities Other trading Activities Investment Income 73,586 555,285 31,518 3.777 34.861 191.678 10,292 108,447 746,963 41,810 3,777 41,901 661,453 36,129 2,574 TOTAL INCOME 664,166 236,831 900,997 742,057 ExPElITuRE Charitable Activities 648,282 242,753 891,035 769,414 TOTAL EXPENDITURE 648,282 242,753 891,035 769,414 NET GAIIYSI(LOSSES) ON INVESTMENTS 10 148 148 (222) IYET INCOMINGI(OUTGOING) RESOURCES/NET INCOMEI(EXPENDITURE) BEFORE TRANSFERS 16,032 (5,922) 10,110 (27,579) Transfers Between Funds 14 IYET MOVEMENT IN FUNDS FOR THE YEAR 16,032 (5,922) 10,110 (27.579) Total fund Balances at l April 2023 312,004 164,665 476,669 504,248 TOTAL FUND BALANCES AT 31 MARCH 2024 328,036 158,743 486,779 476,669 The notes on pages 12 to 26 form part of the financial statements
UMBRELLA DERBY & DERBYSHIRE BALANCE SHEET AT 31 fvtARCH 2024 2024 2023 Note Flxed Assets Tallble Assets 244,507 277,108 Current Assets Investments Debtors Cash at Bank and in Hand 10 6,888 91,887 299,953 398,728 6,740 64.538 178,361 249,639 Creditors: amouDts falling due within one year 12 {] 56,456) (50,078) Net Current Assets 242,272 .199,56J Total assets less current Ilabilitles 486,779 476,669 Iyet Assets 486,779 476,669 Funds Unrestricted Designated Funds Staff redundancy Provision Legacy Fund her Charitable Funds General Reserves Restricted 13 96,616 25,161 85,888 25,161 13 14 206,259 158,743 200,955 164,665 Total Charlty Funds l5 486,779 476,669 The notes on pages 12 to 26 form part of the financial statements
UMBRELLA DERBY & DERBYSHIRE BALANCE SHEET AT 31 MARCH 2024 For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. Directors responstbilities: (i) The members have not required the company to obtain ao audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. and {ii) The directors acknowledge their responsibilities for complying wilh the requiremeols of the Companies Act with respect to the accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP. These financial statements were approved and authorised for issue by the Trustees on 18 September 2024 and are signed 00 their behalf by: fy/¥-- Nigel Farrow Chair of Trustees Registered Number 07904108
UMBRELLA DERBY & DERBYSHIRE STATEMENT OF CASH FLOWS AT 31 MARCH 2024 2024 2023 Note Cash Inflowsl(oufflows) from operating activities Cash generated from operations 20 120,496 (7,371) Investing Activlties Purchase of tangible fixed assets (2,681) 3,777 (3,609) 2,574 Interest received Net cash provided by Investlng aetivltles Net increasel(decrease) in cash and Cash equivalents 1,096 (1,035) 121,592 (8,406) Cash and cash equivalents at beginning of year 178,361 186,767 Cash and cash equivalents at end of year 299,953 178,361 Cash at bank and in hand Net cash and cash equivalents 299,953 178,361 299,953 178,361 12
UMBRELLA DERBY & DERBYSHIRE NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 AccouDting policies The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows". Basis of preparation Basis of actounting Tbese accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: Ihe Stalement of Recommended Practice: Accounting and Reporting by Charilies preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (k*RS 102) issued on 16 July 2014 (as updated through Bulletin I publisbed on 2 February 2016) and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011. The charity constitutes a public benefil entity as defined by FRS 102. The accounts are prepared in sterling, which is the functional currency of the company, Monetary amounts in these financial statements are roundcd to the nearest £. The accounts of Umbrella Derby & DerbyshiTe are prepared in accordance with FRS 102, The Financial Reporting Standard applicable in tbe UK and Republic of Ireland. Income recognitlon policies Items of ftncome are recognised and incjuded in the accounts when all of tbe following criteria are met.. the ¢harity has entitlement to the funds; any performance conditions attached to the item(s) of income have been met or are fully witbin the control of the charity; there is su(ficient certainty that receipt of the income is considered probable; and thc amount can bc measured reliably. For legacies. entitlement is taken as the earlier of., the date on which the charity is aware that probate has been granted; the estate has been fiaalised and notification has been made by the executorfs) to the Trust that a distribution will be made. or • when a distribution is received from the estate. Receipt of a legacy, in whole or in part. is only considered probable wben the amount can be measuTcd reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probale, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Income received in advance or provision of otber speckfied services are deferred until the criteria for incotne recognition are met. 13
UMBRELLA DERBY & DERBYSHIRE NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Accountlng policie$ Continued Donated servlces and facilities Donated services or facilities are recolS¢d as income when the charity has control over the item. any conditions associated with the donated item have been met, the receipt of . economic benefit from the use by tb¢ charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the b&8is of the value of the gift to the charity which is the amount the charity would have been willing lo pay to obtain services or facililies of equivalenl benefil on the open market. a COespOndIng amount is then recognised in expenditure in the period of receipt. Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity. this is nornially upon notificalion of the interest paid or payable by the Bank. Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to Set aside for use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects undertaken by the charity. Expendltsre and Irrecoverable VAT Expenditure is recognis¢d once there is a legal or constructive obligation to mak¢ a payment to a third party, il is probable tbat settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: Expenditure on charitable activities includes the costs undertaken to funher the purposes of the charity and their associated support costs. Otber expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. 14
UMBRELLA DERBY & DERBYSHIRE NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Accounting policies continued g. Tangible fixed assets Individual fixed assets costing £ 1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows... Asset Group Capitalisatlon Land & Buildings, including fees etc At Original cost Refurbishment. including professional At Original cost fees Equipment for new Building IT equipment Office quIpMent Leasehold Improvem¢Dts Depreciation (Years) 25 years 5 years Ai Original cost At Original cost At Original cost At Original cost 3 years 3 years 5 years 40 years Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amouDt prepaid after taking account of any trade discounls due. Cash at bank gnd In hand Cash at bank and cash in hand includes cash and short t¢rni highly liquid investm¢nts with a short maturity of three months or less frotn the date of acquisition or opeDing of the deposit or similar account. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably sUIt in the transfer of funds to a third party and the amount due to settle the obligation ean be measured or estimatcd rellably. Creditors and provisions are nornjally recognised at tbeir settlement amount after allowing for any trade discounts due. Financi81 instruments The charity only has financial assets and fjnancial liabilities of a kind that qualify as basic financial instruments. B&sic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Pension Costs The charity operates a defmed contribution pension scheme for employees. Tbe assets are held separately from those of the charity. The annual contributions payable are charged to the statement of financial activities. Thcse costs reflect the numbcr of members in the scheme. Investments Investments are stated at market value at the balance sheet date. The SOFA includes those unrealised gains and lo&ses arising from the revaluation of the investment portfolio at the balance sheet date.
UMBRELLA DERBY & DERBYSHIRE NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Unre5trieted Funds Restricted Funds Totsl Funds 2024 Total Funds 2023 Donatlon$ & Legacies Donations 73.586 34,86l 108,447 41,901 73,586 34,86l 108.447 41,90I Year Ended 31 March 2023 31,850 10.051 41,901 Charitable Attlvltle$ Grant51 Incom¢ Receivable from Derby City Council Derbyshire County Council oiher Lloyds Foundation Earned Income Big Lottery Children in Need The John Horseman Trust Garfield Weston Derbyshire Com Foundation Screwfix 80,470 5,500 85.970 5.000 4,261 1,798 19,440 433,944 120,455 474.815 474,815 119.537 12,500 5,000 6,253 119,537 12,500 5,000 6,253 5,000 30,000 10,000 4,000 6,500 650 2.000 11,600 2.200 The Grey Court Trust Mencap Souter Charitable Trust Edward Gosling Trust Arts Council Community Action Derby Masonic Charitable oundalion The Helen Jean Cope Charity Happy Days Cbarity Tesco Groundwork Vernon Robert Bowmer 2.712 1,000 2,712 1.000 672 15,366 19,138 672 15,366 19,138 I,000 1,000 l.500 1,5(M) 1,031 1,500 2.074 1,500 1,500 Toyota Manufacturing 555,285 191,678 746.963 661,453 Year Ended 31 March 2023 433,944 227,509 661,453 16
UMBRELLA DERBY & DERBYSHIRE NOTES TO FINANCIAL STATEMENTS YLIR ENDED 31 I[ARCH 2024 Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Other Trgding Activities Event / Club Income Fundraising Other 20,424 2,998 8,096 9,778 30,202 2,998 8,610 31,176 418 4,535 514 31.518 10,292 41,810 36,129 Year Ended 31 March 2023 24,121 12,008 36,129 Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Investment Income Bank Interest receivable Dividend Income 3,524 253 3.524 253 2,325 249 3.777 3.777 2,574 Year Ended 31 MArch 2023 2,574 2,574
UMBRELLA DERBY & DERBYSHIRE NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 O, BXPENDITiJRE thlwrnn S•r¥lE¢ L•lJur• 109.980 294.403 49205 6.467 u 5fftlt•s Innl Plarv V0C• 5$ A•trirt TOt•l 202Z.ZJ 6(h),596 14.920 wAAtsd Coil of Salc% Trnv¥.l & 12,750 6.0S7 J,816 10,841 2,409 2,XJ2 14,094 Vvlunle¢r¢hè R¢piii& miin1&llt PthoAc& Illdbnd 3J59 8,27fi 6J31 11,Jtw)I 7.638 10,Y3 8.897 3.153 10,146 9.046 U.147 cornpur & tT Cobts Cenrrnl Admin 9M Jo lJ,248 4JS 25 220 534 99é 500 Fees, Lr¥l & Prnfthionil Prinlinui PoJtw& Swriwery TrAiniD¥ 675 4219 soo .oJo ijo 4,429 3J09 4,SS9 4827 565 SlirreThTEn4lnmÈnt& Rtfmhmenis (hh<{150O P.A. Expeiiicd cquipmcnl m4>tiDn 87 27 50 832 IM45 857 1.104 J,798 3,386 25 240 5,750 7,002 117,491 )2436 6$1 I•J41 114705 IIJ97 439 11,13• lJ7,61b 61WS OIS,71J ?M199 D4prttlllrfr TOTAL J7 23,Z74 11,532 97,029 90,488 141,793 fA8J81 891ffjJS
UMBRELLA DERBY & DERBYSHIRE NOTES TO FINANCIAL STATEIKENTS YEAR ENDED 31 MARCH 2024 2023-24 2022-23 7. Aggregate Payroll ¢o$ts Trvere:. Wages & Salaries Social security costs Pension costs Benefits in Kind 668,168 38,212 12,303 50 553,011 31,458 11,527 4,600 718,733 600,596 No employees earned more than £60,000 in the year. None of ihe Irustees received remuneration during the year. TNstee travel expenses during the year totalled £nil (2023.. £nil). The key management personnel of the charity, comprise the Trustees, the Chief Executive OtTicer and Financc Officer. The toial employee benefits of the key management peisonnel of the charity was £64,763 (2023.. £62,342). Particulars of employees The average head count of staff employed by ihe charity during the financial y¢ar amounted to 2023-24 2022-23 Management Staff Adrninistrative Staff Charitable sLgff- Contractedlholidays (Activlty Support Worker) Charitable slaff - (Co-ordinators and Family Support) 39 10 26 56 40 Only 6 (2023: 6) of the above are full time The Average Full time equivalent is as follows:. Managemcnt staff Administrative staff Cbarilable slaff- Contractedn]olidays (Activity Support Worker) Charitable staff- (Co•ordinators and Family Support) 16.6 15 28.1 24.1
UMBRELLA DERBY & DERBYSHIRE NOTES TO FtNANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Operating surplusl(deficit) The Operating surplus/(deficit) is stated after charging :" 2023-24 2022-23 Depreciation Indcpcndent examiner's remuneration (incl VAT) 35,282 1,300 39,215 1,170 Tanglble Flxed Assets Bulldlng . Land & Refurbish- Buildings -ment Offlce Equipment & Furniture Equipment IT Total Cost At l April 2023 Additions Disposals 2l3,058 1,826 235.675 72,647 39,913 855 {6.970) 15,961 577.254 2,681 (795) (7.765) At 31 March 2024 214,884 235,675 72,647 33,798 15,166 572,170 Depreciation At l April 2023 Charge for year Eliminated on disposals (98,590) (114,467) (39,975) (37,360) (11,670) (6,719) (11,970) (2,447) 6,970 {9,754) (300,146) (2,476) (35,282) 795 7.765 At 31 March 2024 (110,260) (121,186) (51,945) (32,837) (11,435) (327,663) Net book value At 31 March 2024 104,624 114,489 20,702 961 3,731 244,507 % of Original cosl 25Yo 43Y. Al 31 Marcb 2023 I14,468 121,208 32,672 2,553 6,207 277,108 /0 of Original cosl 10. Investments 2023-24 2022-23 HSBC Shares Unrealised profitl(loss) on shares 6,740 148 6,962 (222) 6,888 6,740
UMBRELLA DERBY & DERBYSHIRE NOTES TO FtNANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 I l. Debtors 2023-24 2022-23 Trade Debtors Prepayments and Accrued Income 90,973 64,035 914 91,887 503 64,538 12. Creditors: Amounts falling due within one year 2023-24 2022-23 Trade Credilors Accruals and deferred income 4,313 152,143 156,456 5,441 44.637 50,078 Deferred income at 31 March 2024 totals £151,243 (2023.. £43,679) 21
UMBRELLA DERBY & DERBYSHIRE NOTES TO FtNANCIAL STATEMENTS YEAR EPIDED 31 MARCH 2024 13. Unrestricted Funds: Movements in year Balance l April 2023 Balance 31 March 2024 Incoming Resources Resource5 expended Transfers Deslgnated Funds Staff redundancy Contingency Legacy fund designated General Reserves 85,888 25.161 200,955 10,728 96,616 25.161 206,259 664.166 (648,134) (10,728) 312.004 664,166 (648,134) 328,036 14. Restricted Funds: Movements In year Balance l April 2023 Incoming Resources Resources expended Balancc 31 March 2024 Transfers Family Support The Big Lottery Garfield Weston Derby City Council Children in Need The Big Lottery Arts Council- Choir The Helen Jean Cope Charity Masonic Charitable Foundation Community Action Derby Annie's Place Mencap - Walking The JOI Horseman Trust Youth Club- Tu¢sbUrS1Fri Anonymous- Marketing Other 5.200 114,602 6,253 (J I4,602) (6,253) 5,200 5,500 12,500 4,935 672 (5.500) (12,500) (4,935) (1.224) 552 1,000 ( 1,000) 19,138 (19.138) 1 S,366 (15,366) (5,065) (3.017) (5,000) 158.608 305 153,543 2,712 5,000 4,000 33,333 11,820 236,831 (4.000) (33,333) (11,820) 242,753 164.665 I S&743
UMBRELLA DERBY & DERBYSHIRE NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 15. Analysis of Net assets between funds Tangible Flxed Assets Net Asset$l (liabilities) Total Restricted Funds Family Support Annie's Place 5.200 5,200 153,543 153,543 153,543 5200 158,743 Unrestricted Funds Designated Funds Staff redundancy provision Legacy Fund General rescrvcs 96,616 25,161 115,295 237,072 96.616 25,161 206.259 328,036 90,964 90,964 Total Funds 244,507 242,272 486.779
UMBRELLA DERBY & DERBYSHIRE NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 16. RESTRICTED FUNDS As Umbrella Derby & Derbyshire Limited continues to develop and expand its services, the scope, funding and contenl of most services has changed. Whilst we continue to monitor individual contract expenditure against the agreed funding bases, it is important to ttcognise the current cost of each service, including full recovery of overheads, as a basis for future funding bids. As the funding basis ¢hanges ttke spllt between restricted and unrestricted funds becomes increasingly arbitrary. The following provides a brief description of those restricted funds stated in note 14: The Bi Lotte This is funding received for family support services provided. The reTnaining balance is ¢1 prior year underspend carry forward which will be used to fund family support serviccs in the next financial period. Garfield Weston This was funding received towards the core costs of running Umbrella, fully utilised during the year. During the year £4,500 of funding was received for discretionary cost of living fimding for short breaks and £ 1.000 of Neighbour Hoods Board Funding was received specifically for roof repair al Annie's Place. Children in Need Funding was received from a 3 ycar grant towards the placement of an Operations Managcr to support our day to day operations. The Children in Need funding is committed from July 2023 to June 2026. National fri uni Fund Th]. s was received specifically for our Play and Leisure Services (PALS) and 9 months of this funding is deferred to 2024125 for the same services. The Arts Council This funding was received for PALS to fund the Raindrops Choir group. The Helen Jean Co e Chari Our PALS youth Clubs have been supported by this funding during the financial year. Masonic Charitable Foundation This is a 2 year ant from August 2023 to July 2025 to specifically fund 30 hours of our Project Manager salary costs. Communi ction A £12.365 Holiday Aclivity Food (HAF) grnnt was received to cover cosls of holiday clubs ran during the period, with a balance carried forward to help cover Summer and Christmas costs £3,000 of Youth Alliance Funding was also r¢c¢iv¢d to fund a new transition project commencing in July 2024. 24
UMBRELLA DERBY & DERBYSHJRE NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 16. RESTRICTED FUNDS continued The Annie Hall Memorial Centre Annie's Place In 2018 Umbrella received a generous legacy of £94L which was reserved towards finding additional premises for service delivery. In 2019 we acquired a 40-year peppercorn lease on a council-owned community centre whicb needed significant refwbishment. We secured funding and donations to enable an impressive makeover of the building. which has been hosting an increasing level of service delivery and is available for some third party letting. The building was formally opened on 6th December 2021 by the Deputy Lieuteoant of Derbysbire Expenditure of this restricted fund during the year was in relation to building up-keep and refurbishment. Menca This funding was received specific to the PALS walking group. ohn Horseman Trust This was received to support PALS youth groups during the financial year. Souter Charitable Trust £4,000 was re1ved in relation to PALS youth provision support and was expended during the year. on A £50k donation received from an anonymous donor towards the new Marketing and Fundraising Co- ordinator role. Other Further srnall 8rants and donatlOD amounts were received specific to our core running costs. 25
UMBRELLA DERBY & DERBYSHIRE NOTES TO FtNANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 17. Related party transactions The Charity has no related paty transactions that Tequired disclosure. 18. Company limited by guarantee The Charity is a company limited by guarantee. Every member promises, if the Charity is Dissolved, while they remain a member or within 12 months afterwards, to pay up to £1 towards the costs of dissolution and the liabilitkes Incurred by the Charity while the contributor was a m¢mber. 19. Corporation taxatlon 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. 20. Cash generated from operations 2024 2023 Surplusl{deficit) for the year Adjustments for., Investment income shown in investing activities Depreciation and impairni¢nt of tangible fixed assets (Gain)Aoss on revaluation of investments Movements In working cgpital: (Increas¢)/d¢creas¢ in d¢btors Increase/(decrease) in creditors 10,110 (27,579) (3,777) 35,282 (148) (2.574) 39,215 222 (27,349) 106,378 (2,889) (13,766) Cash generated from operatlons 120.496 (7,371) 21. Financial Knstruments The carrying amounts of the cbarity's financial instruments are as follows: 2024 2023 Fin*nclal assets Measurcd at fair value through net incomel¢xpenditure Fixed asset listed investments 6,888 6.740 2024 2023 Debt instruments measured at amortised cost Tradc Dcbtors 90,973 64.035 2024 2023 Financial liabilities Mcasured ut amortis¢d cost Trade Crcditors 4,313 5,441