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2022-04-05-accounts

Charity registration number 1173554

MOTHERWELL CHESHIRE CIO

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

MOTHERWELL CHESHIRE CIO

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees T Farleigh
J Hodgson
A Palin
V Parry
R Lawes
F Tomlinson
Charity number 1173554
BACP membership number 722033
Principal address 54-64 Beech Drive
Wistaston
Crewe
Cheshire
CW2 8RG
Telephone number 01606 557 666
Website www.motherwellcheshirecio.com
Facebook www.facebook.com/motherwell.co.uk/
Independent examiner Paul Edwards FCCA CTA
Afford Bond Holdings Limited
Chartered Accountants & Registered Auditor
31 Wellington Road
Nantwich
Cheshire
CW5 7ED
Managment employees Chief Executive Officer - Kate Blakemore
Service Manager - Marise Palin
Operations Coordinator - Alison Hodgeson
Patron Sir John Timpson

MOTHERWELL CHESHIRE CIO

CONTENTS

Page
Trustees report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 14

MOTHERWELL CHESHIRE CIO

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their annual report and financial statements for the year ended 31 March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, 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 Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The charity's objects are the promotion and protection of good health particularly but not exclusively for women in the area of Cheshire by:

  1. Offering a holistic approach to supporting local mums at all stages of the mothering journey and

  2. Providing awareness sessions and workshops to encourage positive relationships within the family, local community and self.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Financial review

Under the leadership of our CEO Kate Blakemore the team has come together to continue to support the vulnerable in our society. Through a combination of online and face to face support we have provided:

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Structure, governance and management

The charity is a charitable incorporated organisation (CIO) governed by a constitution approved by the Charity Commission of England and Wales.

The trustees who served during the year and up to the date of signature of the financial statements were: T Farleigh J Hodgson A Palin V Parry R Lawes F Tomlinson F Morris (Resigned 1 April 2022) J Haworth (Resigned 1 May 2022)

MOTHERWELL CHESHIRE CIO

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.

In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration oft he CIO.

Staff responsibilities

CEO

Overall responsible for charity operations Writing funding applications Producing reports for funders Keeping to charity commission aims Driving charity forward Working with trustee's to ensure positive strategic direction of the charity.

Service Manager

Demonstrating impact Line management Capturing all demographics , outcomes and impact Ensuring projects meet required funded outcomes Oversees risk and health and safety

Operations coordinator

Oversees all activity coordination in the charity Manages volunteers Project lead for Flagship projects Believe and Inspire Oversees counselling and mentoring coordinator

Project leads

The charity also has project leads for each project.

The trustees report was approved by the Board of Trustees.

Trace Farlei h y g

..............................

T Farleigh Tracey Farleigh (Jan 31, 2023, 7:59am) Trustee Date: .............................................

F Jane Tomlinson

..............................

F Tomlinson Jane Tomlinson (Jan 31, 2023, 7:29am) Trustee

MOTHERWELL CHESHIRE CIO

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MOTHERWELL CHESHIRE CIO

I report to the trustees on my examination of the financial statements of Motherwell Cheshire CIO (the charity) for the year ended 31 March 2022.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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:

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 financial statements to be reached.

Paul Edwards FCCA CTA Paul Edwards (Jan 31, 2023, 8:37am)

Afford Bond Holdings Limited

Chartered Accountants & Registered Auditor 31 Wellington Road Nantwich Cheshire CW5 7ED

Dated: .........................

MOTHERWELL CHESHIRE CIO

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income from:
Donations and legacies
3
27,775
-
Charitable activities
4
5,511
195,855
Other trading activities
5
8,751
-
Investments
6
-
-
Total income
42,037
195,855
Expenditure on:
Raising funds
7
449
-
Charitable activities
8
36,734
154,553
Total expenditure
37,183
154,553
Gross transfers between
funds
-
-
Net income for the year/
Net movement in funds
4,854
41,302
Fund balances at 1 April 2021
10,319
57,968
Fund balances at 31 March
2022
15,173
99,270		 Total Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
27,775
16,229
3,484
201,366
5,415
184,061
8,751
13,677
-
-
1
-
237,892
35,322
187,545
449
(220)
-
191,287
12,135
177,472
191,736
11,915
177,472
-
(37)
37
46,156
23,370
10,110
68,287
(13,051)
47,858
114,443
10,319
57,968		 Total
2021
£
19,713
189,476
13,677
1
222,867
(220)
189,607
189,387
-
33,480
34,807
68,287

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

MOTHERWELL CHESHIRE CIO

BALANCE SHEET

AS AT 31 MARCH 2022

2022
Notes
£
£
Current assets
Cash at bank and in hand
114,443
Net current assets
114,443
Income funds
Restricted funds
13
99,270
Unrestricted funds
15,173
114,443
The financial statements were approved by the Trustees on .........................
..............................
..............................
T Farleigh
~~F Tomlinson~~
Trustee
Trustee
Tracey Farleigh (Jan 31, 2023, 7:59am)
TraceyFarleigh
Jane Tomlinson (Jan 31, 2023, 7:29am)
F Jane Tomlinson		 2021
£
68,287		 £
68,287
57,968
10,319
68,287

MOTHERWELL CHESHIRE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

Motherwell Cheshire CIO is a is a charitable incorporated organisation (CIO) governed by a constitution approved by the Charity Commission of England and Wales..

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

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 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.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

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.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

MOTHERWELL CHESHIRE CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.7 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

MOTHERWELL CHESHIRE CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Unrestricted
Restricted
funds
funds
funds
2022
2021
2021
£
£
£
Donations and gifts
27,775
16,229
-
Government grants - Covid JRS grants
-
-
3,484
27,775
16,229
3,484		 Total
2021
£
16,229
3,484
19,713

4 Charitable activities

Services provided under contract
Performance related grants
Other income
Analysis by fund
Unrestricted funds
Restricted funds		 2022
£
5,622
190,233
5,511
201,366
5,511
195,855
201,366		 2021
£
4,846
179,215
5,415
189,476
5,415
184,061
189,476

MOTHERWELL CHESHIRE CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

5
6
7		 Other trading activities
Unrestricted
Unrestricted
funds
funds
2022
2021
£
£
Fundraising events
8,751
13,677
Investments
Total
Unrestricted
funds
2022
2021
£
£
Interest receivable
-
1
Raising funds
Unrestricted
Unrestricted
funds
funds
2022
2021
£
£
Fundraising and publicity
Staging fundraising events
449
(220)
449
(220)

MOTHERWELL CHESHIRE CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

8 Charitable activities

Staff costs
Supervision
Travel
Training
Membership fees
Sessional costs
Volunteers
Refreshments
Materials
Room hire
Share of support costs (see note 9)
Share of governance costs (see note 9)
Analysis by fund
Unrestricted funds
Restricted funds		 2022
£
140,823
1,480
673
1,305
187
6,391
641
168
1,957
1,275
154,900
33,787
2,600
191,287
36,734
154,553
191,287		 2021
£
130,681
781
153
530
132
7,635
535
31
2,936
1,043
144,457
42,608
2,542
189,607
12,135
177,472
189,607

MOTHERWELL CHESHIRE CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

9 Support costs

Rent
IT and website
Telephone
Printing, postage and
stationery
Utilities
Sundry expenses
Office equipment
Marketing
Insurance
Consultancy
Accountancy fees
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
3,878
-
1,852
-
3,672
-
3,054
-
3,078
-
941
-
3,226
-
11,495
-
1,031
-
1,560
-
-
2,600
33,787
2,600
33,787
2,600		 2022
£
3,878
1,852
3,672
3,054
3,078
941
3,226
11,495
1,031
1,560
2,600
36,387
36,387		 Support
costs
Governance
costs
£
£
4,987
-
712
-
3,718
-
2,424
-
769
-
2,197
-
4,140
-
5,968
-
999
-
16,694
-
-
2,542
42,608
2,542
42,608
2,542		 2021
£
4,987
712
3,718
2,424
769
2,197
4,140
5,968
999
16,694
2,542
45,150
45,150

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

11 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Other pension costs		 2022
Number
14
2022
£
136,961
3,862
140,823		 2021
Number
10
2021
£
126,834
3,847
130,681

There were no employees whose annual remuneration was more than £60,000.

MOTHERWELL CHESHIRE CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

12 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £3,862 (2021 - £3,847).

MOTHERWELL CHESHIRE CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

13 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at
1 April 2020
r
£
Children in Need
6,726
Cheshire Community Foundation - Bentley
-
Cheshire East
856
Lottery Inspire
-
MIND
-
Awards for All
-
Reaching Communities
-
Community Share
-
Steve Morgan Foundation
-
NHS
-
Cheshire Community Foundation - Main Grant
-
Cheshire Community Foundation - DCMS
-
Cheshire Community Foundation - Assura
-
Cheshire Community Foundation - Small Grants
-
Other
40,276
47,858		 Movement in funds
Incoming
esources
Resources
expended
£
£
17,863
(16,379)
-
-
13,101
(11,681)
21,215
(19,668)
19,611
(3,707)
-
-
40,047
(36,733)
9,340
(7,142)
17,150
(16,263)
10,600
(2,810)
-
-
-
-
3,919
(2,520)
-
-
34,699
(60,569)
187,545
(177,472)		 Movement in funds
Transfers
Balance at
1 April 2021
Incoming
resources
Resources
expended
Balance at
31 March
2022
£
£
£
£
£
-
8,210
24,176
(23,961)
8,425
-
-
20,373
(18,799)
1,574
-
2,276
37,194
(11,729)
27,741
-
1,547
-
(1,547)
-
-
15,904
-
(15,904)
-
-
-
8,848
-
8,848
-
3,314
-
(3,314)
-
-
2,198
1,499
(3,697)
-
-
887
8,575
(9,054)
408
-
7,790
37,578
(13,888)
31,480
-
-
14,950
(3,325)
11,625
-
-
2,100
(1,018)
1,082
-
1,399
-
(1,399)
-
-
-
2,000
-
2,000
37
14,443
38,562
(46,918)
6,087
37
57,968
195,855
(154,553)
99,270		 Movement in funds
Transfers
Balance at
1 April 2021
Incoming
resources
Resources
expended
Balance at
31 March
2022
£
£
£
£
£
-
8,210
24,176
(23,961)
8,425
-
-
20,373
(18,799)
1,574
-
2,276
37,194
(11,729)
27,741
-
1,547
-
(1,547)
-
-
15,904
-
(15,904)
-
-
-
8,848
-
8,848
-
3,314
-
(3,314)
-
-
2,198
1,499
(3,697)
-
-
887
8,575
(9,054)
408
-
7,790
37,578
(13,888)
31,480
-
-
14,950
(3,325)
11,625
-
-
2,100
(1,018)
1,082
-
1,399
-
(1,399)
-
-
-
2,000
-
2,000
37
14,443
38,562
(46,918)
6,087
37
57,968
195,855
(154,553)
99,270
99,270

MOTHERWELL CHESHIRE CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

14
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2022
2022
£
£
Fund balances at 31
March 2022 are
represented by:
Current assets/(liabilities)
15,173
99,270
15,173
99,270		 Total
Unrestricted
funds
Restricted
funds
2022
2021
2021
£
£
£
114,443
10,319
57,968
114,443
10,319
57,968		 Total
2021
£
68,287
68,287

15 Related party transactions

There were no disclosable related party transactions during the year (2021 - none).