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2020-12-31-accounts

Page
Legal and administrative information
Trustees'
annual
report		 2 —6
Independent
examiner's		 report
Statement
of financial		 activities
Balance sheet
Notes to the accounts 10-15

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds 2020 funds funds 2019
Notes f f f f f f
Income from:
Donations 38,629 38,629 66,184 66,184
Charitable
activities		 3 83,399 152,879 236,278 326,693 125,318 452,011
Other trading
activities		 4 2,113 2 113 16,762 16,762
Investments
- bank		 interest 86 86 94 94
Total income 124,227 152,879 277,106 409,733 125,318 535,051
Expenditure
on:
Charitable
activities		 5 140,975 103,408 244,383 397,669 60,967 458,636
140,975 103,408 244,383 397,669 60,967 458,636
Net income/(expenditure) (16,748) 49,471 32,723 12,064 64,351 76,415
Transfers between funds 13 13,436 (13,436)
Net movement
in funds		 (3,312) 36,035 32,723 12,064 64,351 76,415
Total funds brought forward 69,882 72,425 142,307 57,818 8,074 65,892
Total funds carried forward 66,570 108460 175,D30 60,882 72,425 142,3D7
As at 31December 2020
Total Tota I
Notes 2020 2019
E f
Fixed assets
Tangible assets 90
Current assets
Debtors 18,185 51,208
Cash at bank and in hand 179,023 108,753
Total current assets 197,208 159,961
Creditors: amounts falling due within one year 10 (16,865) (10,244)
Net current assets 180,343 149,717
Total assets less current liabilities 180,343 149,807
Creditors: amounts falling due after more than one year (5,313) (7,500)
Total net assets 175,030 142,307
Represented
by:
Funds ofthe Charity
General funds 54,129 54,390
Designated
funds		 12 12,441 15,492
Total unrestricted income funds 66,570 69,882
Restricted income funds 13 108,460 72,425
14 175,030 142,307
1 Accounting
policies
(a) General
Element go
ty
I
h
It hl
c mpany
in		 the United
Kingdom
limited		 byguarantee.
I		 thee t th t th ch ityis wound up the I ablty respect of the guarantee is limited toE10
per
member of the
«harity. The add
Ith
g
t
d
ffice is given		 in th
h		 ity
I		 r tion o page 1 of these financial statements.
The flnan«ial
statements
have been prepared
in a«cordance
with th		 Statement of Recomme
d		 d P rt Amou
ting		 and Reporting by Chanties prepanng th ir accounts in acco dan
the Finanoal
R port
g St
d rd
pplic
ble in the UK and Republic		 of Ireland
(FRS 102)		 (se o d dW ), th Fi lal Reporting Stand rd ppl ble in the United Kingdom
and		 Repubgc
of ireland
(FRS102)
d with th
Ch riti
sAct 2011. The finanoal		 t t m
nts have taken		 advantage of the exemption to prepare a Statement f Cash Flows
Element Society meets the deflniti
n f		 publi
be
fit
ntdy under		 Fits 102, The financial statements are prepared under the historical c st c nv ntion The fm nasl statements are
pr sentedlnsterlingwhichisthefunctionalcurrencyofthecharityand r
r		 d dtoth nearestE.
(bl Income
Income
is recognised
when th
h
rlty has		 titlement
to the fund,		 ny p rtormance
conditions		 attached to the item(s) of income
h		 ve been m t, it is probable th Ithe Income will be
r
ived and the amount can be measured		 reliably.
Income from g v rnm
nt and
th rgra
ts, whether
'capital'
grants		 or 'revenue' grants, is recogni ed wh n th cha Ity has entitlement to the funds, any performance conditions attached
tothegr
ntshavebeenmet,
iti
pr babl		 that theincomewrg
berec		 iv dandtheamountcanbemeasuredreliablyandrsnotdeferred.
Cash donations
are recognised
on receipt.		 Other donations
are recognised
once the chanty
has		 been notrfied of the donation, unless performance condrtions require deferral of the
am
nt.
I
orna tax recoverable
rn relation		 to donatrons
recewed under Gift Aid		 r d
d		 of covenant is recognrsed t the tim fth d nation.
(c) Donated
senrlces and facilities
Donated
pr fe
I
Is rvkes and donated		 Facilities are recogni ed as income when the chanty has control over the item, any conditi n s lated with the donated item have been
met, the receipt of economic benefit from the use by the charity ofth item
Is		 probable and that emn mi b n fit can be measured reliably. In accordance with th Charities
SORP (FRS
102), genera(vol
nteertim
isn tr
og		 is d.
0
r
wpt, donated
profes
i*n
I service		 nd d nat
d fadlities are		 recognised on the basis of the value of the giftt
the
h		 Ity which is the amount th
cha ity would		 have been wiging
topsy
to obtarn services orfaaiities ofequivalent
e«onomic benefit		 the open market, c rre p ndinga unt is then recognrsed
in		 expenditure in the period f re ipt,
(d) Exp ndlture
and Irrecoverable
VAT
Expenditure
is re ognised *n
th
r
is ~		 I gal or co st uctive
obligation
to make a payment		 t a third p rty, it I probable
that		 seG(ament will b required and the amount of the
obligation
canbe measured
reliably
Ag expenditure
n accounted
for on an accruals basis, mcludmg
irr		 verable
KAT, and hash		 n lot d nd h ad gs that aggregate
ag		 the costs related to that acti ity
Direct costs, including
dir
tly attnbut
bl* sale les, are allocated
on		 an actual basis to the key strat gi ar * f ctivity. Overheads and other s I n a e allocated between expense
headings
ntheb
sis
fth
tlm
p nt.
Governance
costs are those in connection
with the msnag
m nt of		 the chanty, org nisatmnal dmin st ation and compliance with the constitutional and statutory r quirem ants.
Whar
o ts
an
I b
d rectly attributed
they have been allocated		 to activities on a basis c nsist twith the use of the resources.
(e) Tangible fixed assets
Tangible
fixed assets are initially
measured		 at cost and subsequently m surd at cost or valuation, net ofd p r tro and any Impairment losses.
Depreciation
is remgnis
d
est
writ
ffthe cost or valuation
ofassets less their rendual		 values ver their s ful liv son th
following		 bases:
Fixtures, flttl
g Requipment		 20N straight
line
Computers 333N strwght
3n
The gair
or loss arising
on the disposal		 ol an asset
is determined		 as the differenc between the sale proceeds and the carrying v lu of the asset, and is recognned in net
income/(expenditure)
for the year.
Debtors
Trade and other debtors are recognised at the settlement
amo
tdue		 aRer any trade disco ntoffere pmpayments are valued at the amount prepaid net ofany trade discounts due.
Cash and cash equivalents
Cash a d cash equivalents
compnse cash on hand and call deposits,		 nnd other short term
highly		 liquid investments that are readily convertible t a known amount f cash and are subiect
to an insignificant
nsk ofchange
in value.
(h) Creditors
Credito r
and pro islons a e recognised
where the charity has a present
obEgation
resulting		 from a past event that will probably
result		 in the transfer offunds t a third party and the
amount
due to settle the obligation
can be measured
or estimated		 reliably. Creditors and pr vin*n ar normally recogn sad at therr settlement amount after allowing for any trade
discounts due
Financial Instruments
Thecharity
nlyh
slinanciala
et
a dfinancialliabigtiesofakindthatq		 elfyasbasicfinanoalinstruments. Basicfinanpalinstrumentsareimtia0yrecognisedattransactmn al eand
s bsequently
measured
at therr settlement		 value.
UI P nslonobggations
The charity ope ates
d fined
ont ib tion pensron scheme.
Cont		 b tlons payable to the chanty's pension scheme are charged to the Statement of Finan lal Activities in th pe od to
which they relate.
1 Accounting
policies fcontinuedj		 Accounting
policies fcontinuedj		 Accounting
policies fcontinuedj		 Accounting
policies fcontinuedj		 Accounting
policies fcontinuedj		 Accounting
policies fcontinuedj		 Accounting
policies fcontinuedj
(k) EmploVee benefits
The costofany unused h Id y titlem t I ognisedin the period
in		 which the empi yee'seer ices are rec ived.
Termination
benefit		 e recognised immediately a n xpen e when th ch ity i demonstrably committed to terminate th employment of an empt ye or t p ovide termination
benefits.
(lj Taxation
Ass «harlty,
th
*ganisation		 is x mpt from tax on income
and gains		 f EI g Xhin the avail bl t exemptions to the extent that these are apph
d		 t ts hantable objects. N
tax
charges
h ve
risen
m		 the chanty.
(mj Leases
Rental payable
and receivable		 under operation leases are charged to the SOFA on a straight line basis over the period of the lease.
(nj Funds
Unrestncted
Undead		 donations and other Income r ceivable or generated fo the objects ofthe organisation wkhout furth r speufied purpose and a e av ilable as general funds.
Designated
funds are fund~		 set side at the di cretion ofthe trustees fora speufic project.
Restncted funds sr
t		 b used for spenfic purposes as laid d wn by the funder.
(oj Going Concern
The flnanci
I st tements		 have b en prepared on a going concern basis as the trustees bali ve th t no material uncertainties exist. The trustees have c nsidered the level offunds held and
th
xp «ted level ofincome		 and expenditure for 12 months from authorising these financial statements. The budg I dine me and xpenditur is sufficient with the level of reserves for
the chantytobe
able tocontinue		 seagoing ncern.
2 Incomefrom
donations
Unrestricted Restricted Total Llnrestricted Restricted Total
Funds Funds 2020 Funds Funds 2019
E E 4 4 E
Donations
and gifts		 3,708 3,708 1,994 1,994
oonatioiis
in kind		 64,190 64,190
Coronavirus
lob Retentio n		 Scheme 34,921 34,921
~66 184
3 Income fr m charitable actlvltl
Unrestricted Restricted Total Unrestncted R stncted Total
Funds Fictile 2020 Funds F nds 2019
8 4 8 5 8 6
Contracts and fees National
Citlt		 ns Service 71,337 71,337 325,193 325,193
Contra«ts
and fees		 Other contracts 100 100 1,500 1,5DD
Department
for Digital,		 Culture, M dia and Sport Core costs 11,962 11,962
Sheffield
City Counul		 Suicide Prevention Fund 2,300 2,5DO
South Yorkshire's
Community		 Foundation -Tamp nTax fund Girls Collective 9,997 9,997
Heritage
Lottery Fund		 Covld-19 Emergency fund 49,500 49,500
South Yorkshire's
Community		 Foundation Red Light 4,957 4,957
5 uth Yorkshire's
Community		 Foundation -twig fund Blue Dot- MH Workshops 4,999 4,999 4,500 4,500
Sheffield Qty coun«il ~omework
Club		 SOO 800
Sheffield Oty 0* nol Ynntli Forc& I 5,000 5,000
The Big Issue invest 5*nal Enterprne s pp rt fund 22,25D 22,250
The Big Lottery C mmunity Responders - Covid 19 43,926 I8,926
The D'Gyle Carte Charitable Trust Employability skills 3,500 3,500
Sheffleld
City muncil		 Dragon's
Den		 450 'I50
Access - The foundation for Social Inue atm ant Enterpnse
Development		 Programme 23,400 23,4CO
Co-op Foundation Building development 7,500 7,500
Home Office Street R«e«h 29,959 29,959
people's porte de Trust teaming
thro		 gh nature 18,990 18,990
South Yorkshire Police and Crime Commissioner CSEWorkshop 1,369 1,369
The National
Lottery
Hartitage		 Fund Displaced
Migrants		 Living History 35,600 35,600
Wasffield Health Chantable Trust Building devel pment 4,000 4,000
83ff83 1522DB 238878 326AEB 22AESB 452Dlt
4 Income from other trading activities
Unrestricted Restricted Total Unrestricted Restncted Total
Funds Funds 2020 Funds Funds 2019
E E E 8 E E
Letting and licensing arrangements 1,567 1,567 15,289 15,289
Other trading
mcome		 546 546 1,473 1,473
2,113 ~113~l 762 16,762

Expenditumoncharltableactl Expenditumoncharltableactl Expenditumoncharltableactl Expenditumoncharltableactl Expenditumoncharltableactl Ities
Unrestricted Restricted Total U restricted Restncted Total
Note Funds Funds 2020 Fu
d		 Folios 2019
E E E E f. E
Direct acti ity
o		 t 12,093 2,401 14,494 114,984 2,498 117,482
Staffsalary costs 99,662 75,382 175,044 167,688 39,492 207,'180
0th
t ffcosts		 4,289 877 5,166 5,448 4,099 9,547
Accomodation 4,333 1NI49 5,782 22,337 1,634 23,971
Renovation
costs		 64,190 64,190
Pr fessionalfees 3,413 8,866 1'2,279 1,942 $,219 7,161
Communic
ti*n		 &IT 1,332 1,332 1,744 2,482 4,216
Insur
n		 1,897 1,097 2,369 357 2,726
Marketing
&publinty		 2,081 3$1 2,432 3,730 2,182 $,912
D pr elation 90 90 631 631
Bad debts 2,345 2,345 300 300
0 nk
harg
s		 268 4 272 501 69 570
Adiiiinistretioh 8,017 14,078 22,09$ 10,223 2,417 12,640
Indep
nd
nt
x		 ml ation 1,155 1,155 1,582 518 2,100
Staff Cocts
2020 2019
E 6
5 la les and wages 165,198 194,403
Employer'
N tl		 nail su a ce 10,305 12,038
Employer's
allowance		 (4,000( (3,000(
Employer's
pension contnbutions		 3,541 3,739
No employ
r c		 iv d emoluments of more th n 560,000.
Th
v
age monthly		 number of pod mploy as dunng the year was 13 (2019:17),The actual monthly staff vance due to the evtra staff taken on over th
summ		 r.
contnbutions
to		 personal pensi n plan r ch g d tothe statement of fin noel amrvrtres eath y b me payable. The pension cost shown above represents the ntributions made by
the
mpa ytothe fund.
Fees payableto Independentexaminer's organlsatlon
2020 2019
E E
Independent
examination		 1,1S$2,1CD
Sofnvare Subscription $07 460
507 460
Tangible
Fixed assets
Fixtures,
Rttlngs and
equipment 0 mputers Total
F. 6 E
Cost or Valuation
As at ltanuaff
2020		 8,211 1,031 9,142
As at 31December 2020
Depreciation
Asst tran
aw2020		 8,121 1,031 9,152
Charge this penod 90 90
As at 31Decemb r Z020
Net BookValue
As at31December Zaza
As at31December 2019 90
Debtors
2020 2D19
E E
Tmde debtors 346 38,506
Other debtors 17,839 12,622
10 cmdltomi
amounts		 faging due within one year
2020 2019
E 6
Trade creditors 696 3,654
Accrue(a 8,812 5,475
Other cmdltors 1,751 1,115
0th rloa
s		 1,875
16865 10244
11 Creditors:amounts faglngduaaftermovethanoneyear
2019
6
Dtherloans 5,313 7,500
~5323 ~7500
Other loans are repayable as follows:
Within
one year		 1,875
Between one totwo years 1,875 1,230
Between two to five years 3,438 5,625
Over five years ~7l 88 625
7500
Restricted funds
Brought 0 rrled
forward Income Expe ditu e Transfers forwani
3 1 E 8 E
People's Postcode Trust: learning
through
n t
'		 19,109 i5, 121) (13,988)
South Yo kshi
C
ity Fo
d tio
-IwiE fund. Blue		 Dot-MHWo kshops 4,999 (759) 4,240
The National
Lottery Heritage Fund: Displaced Mig
ts Living		 Hi I ni 3,630 (4,182) 552
Access
The foundation
for Social Investment:
Enterprise		 Development Programme 14,645 (14,645)
~ me ON«e
Street Reach		 24,167 (17,218) 6,949
The Big issue invest: Soo )Enterpn
e upportfu
d		 22,250 (780) 21,470
Th
Big k tt ryrC
mmu
ityR spend
rs-Covid-19		 48,926 (5,086) 43,840
The O'Gyle Carte Chantable
Trust: Employ
bility
kBls		 3,5DD 3,500
Shef field
Oty co un uk
Dragon's
Den		 450 450
Southyorkshire'sc
mmumtyF
und
tmn
Tempo
Tax(und
GirlscoEective		 9,997 (2,597) 7,400
Sh ffi
Id City c unoh Homework
Club		 800 (17) 783
Hentage
Lottery Fund: Covid-19 Emergen
y fund		 49,500 (48,239) 1,261
Sheffield Oty Counuh
Suiude Prevention
Fund		 2,500 2,500
5 uth Yorkshire'soommumty
Foundation:
Red Light		 4,957 (4,764) 193
Sheffiald Oty Counoh Youth Furca I 5,000 5,000
We tfi
Id H
Ith Charitable
Trust
Building development		 4,000 4,000
Co-op Foundation:
Building development		 6,874 6,874
~72 425 ~15 879 ~203 NN ~23 436 Lh480
Peaple's Postcode Trust: learning
through
namre
Taking 14-18year-olds
living
with spea
I ed
ti n		 n d
on		 s pp rt d
I		 ming visits into dlfferent habitats to enhance ther lives. This project begm in 2018 and w * du to be
completed
in 2021 Due to covid 19 it was not pssible		 t mplete th pr j rt-the fund rs agr d that the relaining funds could b u ed f the general puposes of the chanty the fund
b
I
n
ofi13938wastransfermdtounrestncted
funds.
South Yorkshire'4
Cammunity
Foundation
- twig fund:		 Blue Dot- MH Workshops
Work h p dangn
dby young p opia that
stigma
about		 manta)health on how to be a friend to a young person suffenng from manta)he Ith probl s.
The National
lottery Heritage
Fund: Displaced Mlgrants		 Living Hlstonr
Sheffield
City Council are making
a contnbution
oF1day		 per weak salary ol the Sons) Action Co ordmator to support ongoing soma) action pro)acts The project was finished in the year-
5552 was t ansferred
from unrestricted
funds to cover		 the overspend on this pro)act.
Ac ess- Th
foundation
for Social Investment:
Enterprise		 Development Programme
A grant to suppmt
Elem
nt to generate
in
m
through		 t ading. The gra t was overspent by 53,000
Hom
Offlc;St eat Reach
Having conversations
with 200 young pe pie
t
I k
fj		 I ing g g in an att mpt t fi d a better route for them. A fr nt lin y* th wo k programme where they' re needed most on the
st eetsofshef iield.
The Big Issue Invest: Social
Enterprise
support
fund
To support core costs for 6months to March ZDZ1 and refurbish the media suite.
The Big Lottery: C rnmunRy
Responders
-Covld-19
W rkl gwlthyoungpeoplelndepfivedcommunitiast enableth mt v I
nt		 raff tiv ly dhelprespondtofutureemergenuas
The D'Gyle Carte Charitabl
Tmst: EmployabRlty
skEls
Fundmg to support
an employability
skrgs programme
SheNeld
City council: Oregon's Den
Dr gona
D
n isan opportunlty
for NCS YPto pitch a soual		 action idea to local charity groups and local authonties.
Sauth Yorkshire's
Community
Foundatio n - Tamp
7		 x ftindr 6lrls Call ctlve
To d liver
mp
w
m
t, confld rca building
and socml		 ore)as workshops/activities rpeulicaDy f r upt 15 Muslim girls (years1011) in sheflield.
Sheffield City council: Homework
Club
Op
nine up the Action floor one day a week after school.		 Likely tostart in 2022.
Heritage lottery Fund: C vld-19 Emergency
fund
Thiswasgrant
dto assist
ithcovid19
ecovery,
Sheffield City Council: Suicide Prevention
Fund
This was granted
by Sheffreld
Crty Counul to deliver 6workshops		 tackling the usue ofsuiode, focusing n yo
ng BAMER M
South Yo kshlre's
Community
Foundation:
Red Light
Thlsisayouthledprojectthatseekstoruse
waren		 sofchilds x alexplotatio .
SheNield
City Coun 8;Youth Force 1
Community
responder
type pmject working
with y ung pe pie to create		 informative online m ss g s and content relating to the c19pandernrc
Westgeld
Health Charitable
Trust: Bugdlng development		 end Covrp Faundation. Building development
Mon es ha a been secured to fund venous aspects ofthe renovatron work at Yorkshire House
Priorysor
mpor
tive		 Bm ght Carrred
forward Incom Exp ndit re 7ansfers forword
E E E E 5
People's Postcode Trust. Learning
through
notur		 2,340 18,990 (2,221) 19,209
South Yorkshire's
Community
Foundatio .BI eDot-MH		 H)ortsh ps 6686 (4,686)
SkefPeid Vty Caunol Conesron
grano SooeiAction Sonely		 (4,500)
Ska)5eidcrtyco
ncic hesongroni
Goaduewsstories		 500 (500)
So tb Yorkshire Policy and Crime Commissronerr
CSEWorkshop		 548 1,369 (1,9\ 7)
The Nationai
Lottery Herkage F nd: Disploc d IWpmots		 Living History 35,600 (31,970) 3,630
Access - Thefounde tron forSocio) Investment:
Enterprise		 Development Programme 13,400 (8,755) 14,645
Home Officer srreeineach 29,959 (5,792) 24,167
Westfield
H
Ith chorir
ble Trust: Bu Iding development		 4,000
Co-op Foundation:
gurlding
development		 7,500 (626) 6,874
Itdyd ~22 318 ~80 7 72425
14 Net assets by fund by fund
General Designated Restricted Total
Fund Funds Funds 2020
E 3 E k
Tangible fixed assets
Netcurrentasset 59,442 12,441 108,460 180,343
Credits f
ore		 than o e3 (5,313)
~5229 12441 ~30848(l ~223
0
Prmr year comparative General Designated nestricl
d		 Totol
Fund Funds Funds 2019
E E E E
Tongi hie fixed ossats 90
Net«urrsnt assets 61,800 15,492 72425 149,717
crednois oymor than one year (7500) (7,500)
~54 390 15492 72425 ~242 307