## SHEFFIELD SAMARITANS
## CHARITABLE INCORPORATED ORGANISATION REGISTERED CHARITY NUMBER 1173942
## UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
## 31ST MARCH 2021
## TINGLE ASHMORE LTD
CHARTERED ACCOUNTANTS AND REGISTERED AUDITORS
SHEFFIELD
SHEFFIELD SAMARITANS
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
## INDEX
||Page|
|---|---|
|Independent examiner's report|1|
|Statement of financial activities and income and expenditure account|2|
|Balance sheet|3|
|Principal accounting policies|4-5|
|Notes to the financial statements|6-10|
SHEFFIELD SAMARITANS
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2021
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHEFFIELD SAMARITANS
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st March 2021 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
## Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
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 accounts to be reached.
…………………………………………… Brendan Ashmore ACA Tingle Ashmore Ltd Chartered Accountants & Registered Auditors Enterprise House Broadfield Court Sheffield S8 0XF
Dated : 22nd September 2021
Page 1
SHEFFIELD SAMARITANS
## UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
## 31ST MARCH 2021
## STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2021|2021|2021|2020|
||Notes|£|£|£|£|
|Income from:||||||
|Donations and legacies||90,789|-|90,789|14,974|
|Charitable activities:||||||
|Covid related grants||27,431|-|27,431|-|
|Job Retention Scheme grants||-|10,349|10,349|760|
|Other grants receivable||-|-|-|5,000|
|Investment income:||2,326|-|2,326|3,482|
|Other trading activities:||||||
|Shop income||14,230|-|14,230|51,608|
|Net fundraising||3,502|-|3,502|2,984|
|||_______|______|_______|______|
|Total income||138,278|10,349|148,627|78,808|
|||_______|______|_______|______|
|Expenditure on:||||||
|Raising funds||||||
|Cost of trading from shop|1|32,739|10,349|43,088|46,842|
|Investment management costs||1,885|-|1,885|1,847|
|Charitable activities|2|64,038|-|64,038|53,067|
|||______|______|_______|_______|
|Total expenditure||98,662|10,349|109,011|101,756|
|||______|______|_______|_______|
|Net gains/(losses) on investments|8|12,745|-|12,745|(8,425)|
|||______|___|______|_____|
|Net movement in funds|3|52,361|-|52,361|(31,373)|
|Total funds brought forward||727,801|-|727,801|759,174|
|||_______|___|_______|_______|
|Total funds carried forward||£780,162|£-|£780,162|£727,801|
|||_______
_______|___
___|_______
_______|_______
_______|
The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Page 2
SHEFFIELD SAMARITANS
## UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
## 31ST MARCH 2021
## BALANCE SHEET
|||2021||2020|
|---|---|---|---|---|
||Notes|£|£|£|
|Fixed assets|||||
|Tangible assets|6||610,214|613,066|
|||||_______|
|Current assets|||||
|Debtors|7|1,364||760|
|Cash at bank and on hand||61,287||11,282|
|Investments|8|112,686||109,500|
|||_______||_______|
|||175,337||121,542|
|Creditors - amounts falling due within one year|9|5,389||6,807|
|||_______||_______|
|Net current assets|||169,948|114,735|
||||_______|_______|
|Net assets|||£780,162|£727,801|
||||_______|_______|
||||_______|_______|
|Income funds|||||
|Unrestricted income funds|||||
|General funds|11||780,162|727,801|
|Restricted funds|11||-|-|
||||_______|_______|
|Total funds|12||£780,162|£727,801|
||||_______
_______|_______
_______|
These financial statements were approved by the Trustees on 15th September 2021 and signed on their behalf by
Vivian Underhay
Page 3
SHEFFIELD SAMARITANS
## UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
## 31ST MARCH 2021
## PRINCIPAL ACCOUNTING POLICIES
General information and basis of preparation
Sheffield Samaritans is a charitable incorporated organisation registered with the Charity Commission in England and Wales. The address of the registered office is 272 Queens Road, Sheffield, S2 4DL.
The financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
Sheffield Samaritans constitutes a public benefit entity as defined by FRS 102.
Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist.
## Income
All income is accounted for as soon as the charity has entitlement to the income, there is certainty of receipt and the amount can be quantified with reasonable accuracy.
Investment income is included when receivable. Bank interest is recognised as income when it is credited to the bank statement.
Income from fundraising activities is reported net of the amounts incurred in raising those funds.
## Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and any professional fees associated with the independent examination of the accounts. Donations made by the branch are also included in this category.
## Fixed assets and depreciation
All items of capital expenditure below £500 are written off as incurred.
Depreciation is calculated to write down the cost or valuation, less estimated residual value, of all tangible fixed assets over their expected useful lives on a straight line basis.
## Investments
Investments are included at market value at 31st March 2021.
Realised gains and losses on investments are calculated as the difference between the sales proceeds and their market value at the start of the period, or their subsequent cost, and are charged or credited to the statement of financial activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the period and are credited or charged to the statement of financial activities based on the market value at the valuation date.
Page 4
SHEFFIELD SAMARITANS
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
PRINCIPAL ACCOUNTING POLICIES
## 31ST MARCH 2021
## Debtors
Trade and other debtors are recognised at the settlement amount due after any discount offered.
## Creditors
Creditors are recognised when the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
## Pension
The charity makes employer contributions to an auto-enrolment pension scheme in favour of certain members of staff. The pension charge in the statement of financial activities is the amount of contributions payable by the charity
## Leased assets
All leases are considered to be 'operating leases' and the relevant rentals are charged wholly to the statement of financial activities.
## Fund accounting
Unrestricted funds are general funds which are available for use at the trustees' discretion in furtherance of any of the objectives of the charity. Designated funds are unrestricted funds set aside at the discretion of the trustees for specific purposes. Restricted funds are those donated for a specific purpose, imposed by the donor, or through the terms of an appeal. The restriction means that the funds can only be used for that specific purpose.
Page 5
SHEFFIELD SAMARITANS
## UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
## 31ST MARCH 2021
## NOTES TO THE FINANCIAL STATEMENTS
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2021|2021|2021|2020|
|||£|£|£|£|
|1|Cost of trading from shop|||||
||Staff|13,657|10,349|24,006|22,306|
||Premises|14,039|-|14,039|15,890|
||Utilities|987|-|987|731|
||Building maintenance|610|-|610|389|
||Administration|2,270|-|2,270|6,410|
||Cleaning & maintenance|523|-|523|347|
||Bank charges|653|-|653|769|
|||______|______|______|______|
|||£32,739|£10,349|£43,088|£46,842|
|||______|______|______|______|
|||______|______|______|______|
|2|Charitable activities|||||
||Staff|6,132|-|6,132|3,467|
||Outreach & publicity|3,072|-|3,072|4,636|
||Premises|5,831|-|5,831|5,663|
||Utilities|4,241|-|4,241|3,650|
||Building maintenance|14,942|-|14,942|17,159|
||Travel & volunteers|2,254|-|2,254|2,554|
||Administration|8,585|-|8,585|6,200|
||Cleaning & maintenance|7,446|-|7,446|4,831|
||Donations|6,000|-|6,000|100|
||Branch contributions|1,567|-|1,567|-|
||Depreciation|2,852|-|2,852|3,571|
||Governance:|||||
||AGM Expenses|-|-|-|246|
||Accountancy and bookkeeping|1,116|-|1,116|990|
|||______|_____|______|______|
|||£64,038|£-|£64,038|£53,067|
|||______|_____|______|______|
|||______|_____|______|______|
|3|Net movement in funds|||||
||This is stated after charging:-|||||
||Independent examiner's remuneration|- independent|examination|360|360|
||Depreciation|||2,852|3,571|
|||||_____
_____|_____
_____|
Page 6
SHEFFIELD SAMARITANS
## UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
## 31ST MARCH 2021
## NOTES TO THE FINANCIAL STATEMENTS
|||2021|2020|
|---|---|---|---|
|||£|£|
|4|Analysis of staff costs, trustee remuneration and expenses, and the cost|||
||of key management personnel|||
||Salaries|29,561|25,331|
||Employer's pension contributions|577|442|
|||______|______|
|||£30,138|£25,773|
|||______
______|______
______|
No employees had employee benefits in excess of £60,000 in either period. The average monthly number of staff employed was 3 (2020 - 3).
The key management personnel of the charity comprise the Trustees.
Trustees received no remuneration, benefits or expenses in either period except expenses paid in connection with their role as listening volunteers.
- 5 Related party transactions
There were no related party transactions requiring disclosure in either period.
## 6 Tangible assets
|Tangible assets|||||
|---|---|---|---|---|
||Buildings|Equipment|Carpets|Total|
||£|£|£|£|
|Cost or valuation|||||
|As at 1st April 2020 and at 31st March 2021|618,251|29,757|6,075|654,083|
||_______|______|_____|_______|
|Depreciation|||||
|As at 1st April 2020|12,423|22,519|6,075|41,017|
|Charge for the year|1,381|1,471|-|2,852|
||______|______|_____|______|
|As at 31st March 2021|13,804|23,990|6,075|43,869|
||______|______|_____|______|
|Net book value|||||
|As at 31st March 2021|£604,447|£5,767|£-|£610,214|
||_______
_______|_____
_____|___
___|_______
_______|
|||2021|2020|
|---|---|---|---|
|||£|£|
|7|Debtors|||
||Job Retention Scheme grants receivable|£1,364|£760|
|||_____
_____|___
___|
Page 7
SHEFFIELD SAMARITANS
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
## 31ST MARCH 2021
## NOTES TO THE FINANCIAL STATEMENTS
## 8 Investments
On 17th January 2011 the charity invested in a Discretionary Managed Portfolio with Brewin Dolphin Ltd. The aim of this portfolio is to generate returns at a higher rate than can be achieved solely in cash deposits alone. The charity's risk profile is stated as 3 out of 10 with 1 being the most cautious and 10 the most adventurous.
||most cautious and 10 the most adventurous.|||
|---|---|---|---|
|||2021|2020|
|||£|£|
||Market value at 1st April 2020|109,500|128,290|
||Investment income reinvested|2,326|3,482|
||Investment management costs|(1,885)|(1,847)|
||Withdrawn from investment|(10,000)|(12,000)|
||Unrealised gain/(loss) on valuation|12,745|(8,425)|
|||_______|_______|
||Market value at 31st March 2021|£112,686|£109,500|
|||_______|_______|
|||_______|_______|
||Investments at fair value comprised:|||
||Listed investments|106,882|105,794|
||Cash held within the investment portfolio|5,804|3,706|
|||_______|_______|
||Total|£112,686|£109,500|
|||_______|_______|
|||_______|_______|
|9|Creditors - amounts falling due within one year|||
||Trade creditors|1,306|3,060|
||Taxation and social security|498|2,449|
||Branch contribution payable|1,567|-|
||Accruals and other creditors|2,018|1,298|
|||_____|_____|
|||£5,389|£6,807|
|||_____|_____|
|||_____|_____|
|10|Operating lease commitments|||
||At 31st March 2021, the charity had operating leases with total future|||
||minimum lease payments as follows:|||
||Amount falling due:|||
||Within one year|351|744|
||In the second to fifth years|1,142|372|
|||_____
_____|___
___|
Page 8
SHEFFIELD SAMARITANS
## UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
## 31ST MARCH 2021
## NOTES TO THE FINANCIAL STATEMENTS
|11|Analysis of charity funds|||||
|---|---|---|---|---|---|
|||Balance at|Movement in resources||Balance at|
|||1st Apr|Incoming|Outgoing|31st March|
|||2020|||2021|
|||£|£|£|£|
||Unrestricted funds:|||||
||General funds|727,801|151,023|(98,662)|780,162|
|||_______|_______|______|_______|
||Total unrestricted funds|727,801|151,023|(98,662)|780,162|
|||_______|_______|______|_______|
||Restricted funds:|||||
||Coronavirus Job Retention Scheme|-|10,349|(10,349)|-|
|||__|______|______|__|
||Total restricted funds|-|10,349|(10,349)|-|
|||__|______|______|__|
||Total funds|£727,801|£161,372|£(109,011)|£780,162|
|||_______
_______|_______
_______|_______
_______|_______
_______|
## Purpose of restricted funds:
Coronavirus Job Retention Scheme - Funding received for furloughed workers' wage costs.
Prior year comparison:
|Prior year comparison:|||||
|---|---|---|---|---|
||Balance at|Movement in resources||Balance at|
||1st Apr|Incoming|Outgoing|31st March|
||2019|||2020|
||£|£|£|£|
|Unrestricted funds:|||||
|General funds|758,172|73,048|(103,419)|727,801|
||_______|______|_______|_______|
|Total unrestricted funds|758,172|73,048|(103,419)|727,801|
||_______|______|_______|_______|
|Restricted funds:|||||
|Talbot Trust|1,002|-|(1,002)|-|
|South Yorkshire Community Foundation|-|5,000|(5,000)|-|
|Coronavirus Job Retention Scheme|-|760|(760)|-|
||_____|_____|_____|___|
|Total restricted funds|1,002|5,760|(6,762)|-|
||_____|_____|_____|___|
|Total funds|£759,174|£78,808|£(110,181)|£727,801|
||_______
_______|______
______|_______
_______|_______
_______|
Page 9
SHEFFIELD SAMARITANS
## UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
## 31ST MARCH 2021
## NOTES TO THE FINANCIAL STATEMENTS
|12|Analysis of net assets between funds||||
|---|---|---|---|---|
||Total funds are invested as follows:||||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
|||£|£|£|
||Tangible fixed assets|610,214|-|610,214|
||Net current assets|169,948|-|169,948|
|||_______|___|_______|
||Net assets|£780,162|£-|£780,162|
|||_______|___|_______|
|||_______|___|_______|
||Prior year comparison:||||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2020|2020|2020|
|||£|£|£|
||Tangible fixed assets|613,066|-|613,066|
||Net current assets|114,735|-|114,735|
|||_______|___|_______|
||Net assets|£727,801|£-|£727,801|
|||_______
_______|___
___|_______
_______|
13 A detailed breakdown of the statement of financial activities between unrestricted and restricted funds for the year ended 31st March 2020 is as follows:
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||£|£|£|
|Income from:|||||
|Donations and similar income||14,974|-|14,974|
|charitable activities:|Grants receivable|-|5,760|5,760|
|Investment income||3,482|-|3,482|
|Other trading activities:|Shop income|51,608|-|51,608|
||Net fundraising|2,984|-|2,984|
|||______|_____|______|
|Total income||73,048|5,760|78,808|
|||______|_____|______|
|Expenditure on:|||||
|Raising funds|Cost of trading from shop|46,082|760|46,842|
||Investment management costs|1,847|-|1,847|
|Charitable activities||47,065|6,002|53,067|
|||______|_____|_______|
|Total expenditure||94,994|6,762|101,756|
|||______|_____|_______|
|Net loss on investments||(8,425)|-|(8,425)|
|||_____|___|_____|
|Net movement in funds||£(30,371)|£(1,002)|£(31,373)|
|||______
______|_____
_____|______
______|
Page 10