TELFORD CRISIS SUPPORT (CHARITY NO 1158650) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
Telford Crisis Support (Charity No 1158650) Financial Statements For The Year Ended 31 March 2021
Contents
| Contents | |
|---|---|
| Page | |
| Charity Information | 1 |
| Trustees’ Report | 2 |
| Review of Charitable Activity | 3 |
| Independent Examiner’s Report | 3 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6—10 |
| Statement of Financial Activities | 11 |
Telford Crisis Support (Charity No 1158650) Information For The Year Ended 31 March 2021
Charity Number 1158650 Company Number CE001812 Business 78-83 Severn Walk Sutton Hill Telford Shropshire TF7 4AS Accountants Integrity Partnership Chartered Certified Accountants Sigma House Hadley Park East Telford Shropshire TF1 6QJ
Page 1
Telford Crisis Support (Charity No 1158650)
Trustee's Report for The Year Ended 31 March 2021
The Trustees present their report covering the year from 1 April 2020 to 31 March 2021 including the un-audited financial statements of the Charity.
The Trustees of the Charity at the date of this report are:Christine Jones (Chair) Keith Norton Clive Elliott Matthew Partridge Fionnuala Williams John Ironmonger
Principal Place of Business. The Charity`s administration address and principal place of activity is 78-83 Severn Walk, Sutton Hill, Telford, TF7 4AS.
Structure and Governance.
The Trust is a Charitable Incorporated Organisation.
The Trustees meet formally on a regular basis to review the affairs, organisation, and financial performance of the Charity. Trustees are recruited from the local area based on a need for a range of skills and expertise.
Financial Overview.
The Charity`s income for the year was £266,391 with expenditure of £157,535 a net inward movement of funds of £108,856.
Reserves Policy. It is the Charitys policy to maintain unrestricted reserves at a level which equate to at least six months expenditure. The Charitys unrestricted reserves as at 31 March 2021 amounted to £117,595 all of which was held in an account with CAF Bank Limited
Trustees` Remuneration and Expenses.
During the period management cover was provided by Trustee John Ironmonger who had managed the foodbank in the early days stood in for a couple of weeks and was paid £432.
Christine Jones was reimbursed the sum of £2,835.30 in respect of personal payments made on behalf of the charity (£2,001.30 purchases to set up the “baby bank” operation and £834 for an advert relating to the Operations Manager position).
No other Trustees received any payment.
Compliance Statement .
The Trustees have complied with their duty to have due regard to guidance published by the Charities Commission concerning public benefit.
Objectives, Activities and Public Benefit.
The Charity`s main objective is the provision of free emergency food parcels for individuals and families in crisis and the development and servicing of food collection points throughout Telford and Wrekin.
During the year ended 31st March 2021 Telford Crisis Support Foodbank received 4707 referrals and gave out “three-day emergency food parcels” which provided food for 6305 adults and 3441 children. The Covid 19 meant that the charity’s income was considerably higher than in previous years as both public and private funding was made available to enable the charity to assist those badly affected by the crisis.
On behalf of the Trustees
………………………………..
Page 2
Telford Crisis Support (Charity No 1158650) Review of Charitable Activity For The Year Ended 31 March 2021
Principal Activity
Various fundraising activities to support charitable objects. Provision of free emergency food parcels for individuals and families in crisis Development and servicing of food collection points throughout the Borough of Telford and Wrekin Collaboration with other groups and agencies via Telford Crisis Network to alleviate hardship of individuals and families in the Borough of Telford and Wrekin
Review of Business
Financial review
Telford Crisis Supports work is entirely reliant on income from Telford & Wrekin Borough Council, external grant funding and donations
Income this year was up hugely due to support measures to mitigate the problems of Covid 19. The Trustees expect the following year to return to the normal levels experienced previously.
Future Developments
Telford Crisis Support is a Charitable Incorporated Organisation
We continue to work with our key partners in providing support to those most in need in Telford and the surrounding areas In the next 12 months, the Trustees anticipate:
The charity will provide or continue to help distribute food parcels to those most in need in the borough of Telford & Wrekin and will continue to assist those needing help with the effects of the Covid 19 pandemic.
The charity has been asked by Telford and Wrekin Council to take over the organisation and management of council sponsored schemes to provide school uniform, winter shoes and winter coats to needy families. This extra commitment will necessitate a move to larger premises during the upcoming year.
Page 3
Telford Crisis Support (Charity No 1158650) Independent Examiner’s Report For The Year Ended 31 March 2021
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF TELFORD CRISIS SUPPORT
I report on the accounts of the charity for the year ended 31 March 2021, set out on the following pages.
Respective responsibilities of Trustees and examiner
The charity’s Trustees are responsible for the preparation of the accounts. The charity’s Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
• examine the accounts under section 145 of the 2011 Act;
• follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
• state whether matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
1 which gives me reasonable cause to believe that, in any material respect, the requirements:
• to keep accounting records in accordance with section 130 of the 2011 Act; and
• to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
……………………………………… Christopher Jones FCCA CTA Integrity Partnership Chartered Certified Accountants Sigma House Hadley Park East Hadley Telford Shropshire TF1 6QJ
Page 4
Telford Crisis Support (Charity No 1158650) Balance Sheet As at 31 March 2021
| 2021 Notes £ £ FIXED ASSETS Tangible Assets 3 7,240 7,240 CURRENT ASSETS Cash at bank and in hand 163,511 163,511 Creditors: Amounts Falling Due Within One Year 4 (293) NET CURRENT ASSETS (LIABILITIES) 163,218 TOTAL ASSETS LESS CURRENT LIABILITIES 170,458 NET ASSETS 170,458 CAPITAL AND RESERVES Restricted Reserves 52,863 Unrestricted Reserves 117,595 Total Reserves 170,458 The notes on pages 6 to 10 form part of these financial statements. |
2021 Notes £ £ FIXED ASSETS Tangible Assets 3 7,240 7,240 CURRENT ASSETS Cash at bank and in hand 163,511 163,511 Creditors: Amounts Falling Due Within One Year 4 (293) NET CURRENT ASSETS (LIABILITIES) 163,218 TOTAL ASSETS LESS CURRENT LIABILITIES 170,458 NET ASSETS 170,458 CAPITAL AND RESERVES Restricted Reserves 52,863 Unrestricted Reserves 117,595 Total Reserves 170,458 The notes on pages 6 to 10 form part of these financial statements. |
2020 £ £ - - 61,602 61,602 - 61,602 61,602 61,602 20,000 41,602 61,602 |
2020 £ £ - - 61,602 61,602 - 61,602 61,602 61,602 20,000 41,602 61,602 |
|---|---|---|---|
| 7,240 163,218 |
- 61,602 |
||
| 61,602 - |
|||
| 170,458 | 61,602 | ||
| 170,458 | 61,602 | ||
| 52,863 117,595 |
20,000 41,602 |
||
| 170,458 | 61,602 | ||
Page 5
Telford Crisis Support (Charity No 1158650) Notes to the Accounts For The Year Ended 31 March 2021
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the charity’s governing document, the Charities Act 2011 and ‘’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 the Republic of Ireland (FRS 102) (effective 1 January 2019)’’.
The financial statements are prepared in sterling which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention
1.2. Going Concern Disclosure
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3. Significant judgements and estimations
The Trustees haven’t identified any critical accounting judgements in these accounts.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Page 6
Telford Crisis Support (Charity No 1158650) Notes to the Accounts (continued) For The Year Ended 31 March 2021
1.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Assets costing in excess of £1,000 are capitalised in the charity’s accounts.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis: Depreciation is calculated at 25% per annum on a straight line basis, full depreciation comes into effect in the year of acquisition and none in the year of disposal.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/(expenditure) for the year.
1.6 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.7. Key management personnel remuneration
The Trustees consider the Board of Trustees and the Operations Manager as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a dayto-day basis.
Details of trustee expenses and any related party transactions are disclosed in the Trustees Report to the accounts.
Trustees are required to disclose all relevant interests and register them with the Hon. Treasurer in accordance with Telford Crisis Supports policy and withdraw from decisions where a conflict of interest arises.
1.8. Stocks and Work in Progress
Telford Crisis Support do not hold a material level of stock
1.9. Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Page 7
Telford Crisis Support (Charity No 1158650) Notes to the Accounts (continued) For The Year Ended 31 March 2021
1.10. Taxation
The charity is exempt from tax on its charitable activities
1.11. Reserves Policy
It is the Charitys policy to maintain reserves at a level which equate to at least six months expenditure. The Charitys reserves in all forms as at 31 March 2021 amounted to £170,458 all of which was held in accounts with CAF Bank Limited
The charity has considered the reserves required and have taken into account their current and future liabilities. The Trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately 6 months of unrestricted charitable expenditure. The Trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered. The balance held as unrestricted funds of £117,595 at 31[st] March 2021 of which £117,595 are regarded as free reserves, after allowing for funds tied up in tangible fixed assets and investments.
1.12. Trustees’ responsibilities in relation to the financial statements
The charity Trustees 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).
The law applicable to charities requires the charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the Trustees are required to:
• select suitable accounting policies and then apply them consistently.
- observe the methods and principles in the applicable Charities SORP.
• make judgements and estimates that are reasonable and prudent.
• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity.
They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website.
Page 8
Telford Crisis Support (Charity No 1158650) Notes to the Accounts (continued) For The Year Ended 31 March 2021
1.12. Structure, governance, and management
Telford Crisis Support is a registered charity, number 1158650, and is constituted as a Charitable Incorporated Organisation. The Charity was established in 2014.
New Trustees are appointed by the existing Trustees and serve for 3 years after which they may put themselves forward for re-appointment whereby, they may be re-elected and serve a maximum of 3 consecutive 3-year terms beyond this the Trustees must withdraw for at least 3 years before seeking reappointment.
At the Trustees’ meetings, the Trustees agree the broad strategy and areas of activity for the charity, including consideration of expenditure, investment, reserves and risk management policies and performance. The day-to-day administration is delegated to the Operations Manager.
New Trustees are sought depending on the skills, experience and commitment needed.
On appointment there is a formal induction programme for any newly appointed Trustees.
Telford Crisis Support files its accounts with the Charities Commission
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 5 (2020: 3)
3. Tangible Assets
| Cost As at 1 April 2020 Additions As at 31 March 2021 Depreciation As at 1 April 2020 Provided during the period As at 31 March 2021 Net Book Value As at 31 March 2021 As at 31 March 2020 |
Plant & Machinery £ - 1,152 |
Motor Vehicles £ - 7,146 |
Computer Equipment £ - 1,355 |
Total £ - 9,653 |
|---|---|---|---|---|
| 1,152 | 7,146 |
1,355 |
9,653 |
|
| - 288 |
- 1,786 |
- 339 |
- 2,413 |
|
| 288 | 1,786 |
339 |
2,413 |
|
| 864 | 5,360 |
1,016 |
7,240 |
|
| - | - |
- |
- |
Page 9
Telford Crisis Support (Charity No 1158650) Notes to the Accounts (continued) For The Year Ended 31 March 2021
4. Creditors: Amounts Falling Due Within One Year
| . Creditors: Amounts Falling Due Within One Year | ||
|---|---|---|
| Other taxes and social security | 2021 £ 293 293 |
2020 £ - |
| - |
5. General Information
Telford Crisis Support (Charity No 1158650) is a charity and is registered with the Charity Commission, registered number CE001812.
Page 10
Telford Crisis Support (Charity No 1158650) Statement of Financial Activities For The Year Ended 31 March 2021
| Income Main Grant Telford & Wrekin Other Grants Local Giving HHH Lottery Funding Town / Parish Council Funding Just Giving Other Income Grants and Subsidies Expenditure Baby Bank Food purchases Storage expenses Waste disposal Wages and salaries Temporary staff Rent Hire and leasing of motor vehicles Vehicle running costs Insurance Advertising and marketing costs Accountancy fees Depreciation Sundry expenses Surplus for year Opening Reserves Surplus for year Closing Reserves Represented by: CAF Bank Gold CAF Bank Current Cash Assets Creditors |
Total Unrestricted Restricted 2021 2021 2021 £ £ £ 33,000 33,000 1,765 1,765 54,023 54,023 21,718 21,718 3,500 3,000 500 1,583 1,583 63,290 63,290 87,512 0 87,512 266,391 178,379 88,012 5,181 3,081 2,100 33,684 184 33,500 5,653 894 4,759 2,145 2,145 76,200 61,410 14,790 2,323 2,323 8,500 8,500 3,439 3,439 2,580 2,580 451 451 1,134 1,134 1,176 1,176 2,413 2,413 12,656 12,656 157,535 102,386 55,149 108,856 75,993 32,863 61,602 108,856 170,458 75,206 87,900 405 7,240 293 |
Total 2020 £ 33,000 21,466 7,466 10,478 500 - 13,974 13,100 |
|---|---|---|
| 99,984 - 1,185 555 596 52,491 - 7,000 3,360 1,784 446 - 1,384 - 4,056 |
||
| 72,857 | ||
| 27,127 | ||
170,458
Page 11