Registered number: 09187469 Charity number: 1175019
CAMBRIDGE ACORN PROJECT
(A company limited by guarantee)
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
CAMBRIDGE ACORN PROJECT
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 7 |
| Independent examiner's report | 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 |
| Notes to the financial statements | 11 - 22 |
(A company limited by guarantee)
CAMBRIDGE ACORN PROJECT
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2022
Trustees
P Ecclestone K Edge (resigned 20 September 2021) F M Nolan C N Pugh H Ware (resigned 30 March 2022)
Company registered number
09187469
Charity registered number
1175019
Registered office
Future Business Centre Kings Hedges Road Cambridge CB4 2HY
Independent examiner
C P J Dougherty FCA Lakin Rose Limited Chartered Accountants Pioneer House Vision Park Histon Cambridge CB24 9NL
Page 1
CAMBRIDGE ACORN PROJECT
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2022
The Trustees present their annual report together with the financial statements of the charity for the year 1 September 2021 to 31 August 2022. The annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the charity qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The principal objects of the charity are to relieve the needs of children and families in Cambridgeshire and surrounding localities suffering from in particular but not exclusively trauma or emotional distress by the provision of a therapeutic model of social work.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activities undertaken to achieve objectives
The charity’s prime concern is the mental health of children and families and we work to address inequalities in wellbeing due to distress (historical/traumatic and/or contemporary/environmental) across Cambridgeshire. Our main activity is one to one therapeutic work with children who have experienced trauma and/or emotional distress and we also offer support to their families, including, as an activity, whole family work. We also offer ‘structural’ sessions to address emerging inequalities in wellbeing connected to the environment. We also undertake groupwork and we are looking to pilot new initiatives connected to children’s mental health and wellbeing, such as looking at environmental and emotional enrichment. Typically, our principle activities involve direct, face-to-face, work with vulnerable children and families.
Page 2
CAMBRIDGE ACORN PROJECT
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022
Achievements and performance
a. Review of activities
Cambridge Acorn Project (CAP) has once again seen core financial growth, with our accounts showing a significant upturn in both income (£398,929) and expenditure (£308,744). Crucially, we have been able to retain a small amount of profit into our unrestricted reserves, meaning that we close the financial year with close to 2 months unrestricted reserves (c. £49,000). Ideally, we would want to have more than this, but as a small charity emerging from the pandemic, we consider it to be a success that we are still operating and still managing to retain some reserves. We also have a clear and coherent plan and fundraising strategy to increase our unrestricted reserves by 31/08/2023 and to aim for having a full three months in unrestricted reserves by this point.
Aside from our financial figures above, CAP has made significant strides in terms of our organisational and procedural development. In particular, we have successfully recruited a highly effective charity manager who offers a range of skills from research and evaluation HR/safer recruitment systems and processes and a great many more besides including working with our CEO on fundraising, which continues to be a hugely significant and important area for CAP. This has resulted in a number of significant improvements in CAP internal processes and I would point to, particularly, safer recruitment and data collection as now being far more robust, with great learning along the way for CAP. This is also, I think, further evidence of our reflective approach to an ongoing commitment to want to strengthen all areas of our organisation when challenged to do so and supporting a culture which is open to challenge, reflection and personal and organisational aspiration and growth.
In terms of our major project work, we continue to have three major projects: Empathetic Communities (funded by the National Lottery Community Fund); Environmental Enrichment (funded by BBC Children in Need) and the Moon Project (funded by a combination of Cambridgeshire Domestic and Sexual Violence Project, the Evelyn Trust and Ely South Primary Care Network). These three projects have continued to develop nicely, including some amalgamation and shared learning across all three projects embedding what we see as strengths and best practices across all our work.
As a strong example of this, we trained all of our staff in our Moon Project model at the beginning the new financial year 2023. In doing this, we have developed our own innovative inequality assessment tool which looks at ways of supporting children and families holistically to help tackle the challenges many can face following a traumatic event(s). This has promoted consistency across the organisation and has embedded the learning from our bespoke Moon Project which we feel is yielding positive outcomes. For example, evaluation data from Strengths and Difficulties Questionnaires (SDQ) is showing that around 70% of children and young people referred into the project who complete an intervention are showing positive change across the broad range of SDQ domains. We are also undertaking a significant piece of research to understand the effectiveness of our Empathetic Communities project and what we can learn from this work and a child recently interviewed as part of this process commented about CAP’s work that “it helps me get through life” (Empathetic Communities Project Child Service User). Similarly, we had very high levels (100%) of satisfaction reported in our 2022 Empathetic Communities school survey, this not only showed improved mental health outcomes in 90% of schools for the children we worked with, but schools also reported, for pupils, improved attendance (80% of schools) and improved engagement with education (70%) of surveyed schools.
For the Financial year 2022-2023 we have set ourselves the key core goal to try and further develop our research and advocacy arm. As a small charity, this naturally poses challenges because we have limited resources, however we particularly want to try and build on the evidence base around the Moon Project. This is rooted in an evidence base called flexible funding. In relation to Domestic Abuse (DA) specifically, “flexible funding is a designated funding pot that domestic abuse support workers can access quickly and easily for victim/survivors” (Cara Atkinson - https://www.dahalliance.org.uk/media/10657/11_-wha-flexible-funding.pdf). “Flexible funding mainly includes payments to suppliers and third parties or payments to the referring organisation. It can also include small payments made directly to a victim/survivor. Due to tax and benefit
Page 3
CAMBRIDGE ACORN PROJECT
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022
Achievements and performance (continued)
implications, the preference is to not give cash to victim/survivors but to pay suppliers directly” (Atkinson: 2). Because flexible funding can be tailored to the specific assessed needs of clients (which stands in close affinity with our Moon Project model), it is hypothesised to be a particularly effective model for addressing need and vulnerability in children and families who have experienced significant trauma. For example, one study showed that the flexible funding approach to support women fleeing domestic abuse whose housing/tenancy was vulnerable was effective in enabling 94% of women to retain a secure housing situation (Sullivan, Bomsta and Hacksaylo 2016: 1).
We are also starting to embed this approach at the local level through our community well-being work as we strongly feel that this is what families need post trauma i.e. quick access to a supportive, non-bureaucratic, process that leads to accessible funding which can then be deployed directly for the needs of children and to help combat the trauma they have experienced and prevent inequalities from emerging. Whilst this appears to be a naturally intuitive approach, in reality, however, as statistics show, trying to get timely and appropriate support for children and families who experience trauma continues to be challenging. At the policy level, we would like to argue on behalf of this simple equation – that all children and families who have experienced trauma can have quick and direct access to the holistic and bespoke support that flexible funding enables, in order to promote their recovery, heal the wounds of trauma and address emerging inequalities. To us, this does not seem like a huge ask. However, it describes a better and brighter world than the one we currently inhabit and want this to be CAP’s journey over the next year and beyond.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
As a small charity, we also remain relatively new, and, as a result, we are continuing to build up our reserves over time. Our aim is to always have 3 months costs in reserve at all times.
c. Surplus
The Statement of Financial Activities covers the year ended 31 August 2022. The results of the year's operations are set out in the attached financial statements. The net inflow of funds for the year amounted to £90,185 (2021 - £16,090 outflow) . The retained reserves at 31 August 2022 amounted to £111,608 (2021 - £21,423) .
Page 4
CAMBRIDGE ACORN PROJECT (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022
d. Principal risks and uncertainties
There remain significant ongoing risks for small charities such as ourselves. Whilst we begin the new year in a solid financial position, we are already aware that applications to funders have increased, already limited financial resources are in high demand and, alongside that, demand for our work is increasing everywhere. Therefore, we will remain cautious and prudent regarding any financial decisions which are made and around increasing our staff costs. However, there is also no doubt that the mental health of children, young people and families is going to be challenged, disrupted and fragmented like never before, especially where these challenges meet the twin difficulty of economic disadvantage, as we potentially begin to emerge from the pandemic. We stand ready to do what we can to support our beneficiaries and work tirelessly to increase our offer and improve our services.
We would like to offer a huge thank you to all those funders who have supported us in this most challenging of years and these are listed above. We will be forever grateful for their support for enabling us to continue serving our community and supporting our beneficiaries.
We would also like to extend a huge thank you to our incredibly passionate, loyal, caring and dedicated workforce who have universally remained with us through Covid and the pressures and strains of working for a small charity with limited resources.
Funding acknowledgements:
National Lottery Community Fund BBC Children in Need Garfield Weston Foundation NHS – Ely South Primary Care Network NHS – Health Inequalities Team Cambridgeshire and Peterborough PCT UK Youth Fund Sport England Cambridgeshire County Council Domestic and Sexual Violence (DASV) Project, Cambridgeshire County Council People’s Postcode Trust DCR Allen Charitable Trust Mrs Smith and Mount Trust Huntingdon Freemen’s Trust Cambridgeshire Community Foundation Church Schools of Cambridge Trust The Hutchinson Charitable Trust Masonic Lodges
Funding for Individual Families has also been provided by:
Buttle UK Girton Town Charity Cambridge Aid Family Fund - BBC Children in Need
Page 5
CAMBRIDGE ACORN PROJECT (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022
Structure, governance and management
a. Constitution
Cambridge Acorn Project is registered as a charity limited by guarantee and was set up by a Memorandum of Association.
b. Methods of appointment or election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
c. Financial risk management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Members' liability
The Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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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 adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 6
CAMBRIDGE ACORN PROJECT {A company limtted by guarantee) TRUSTEES. REPORT (Co1NuED) FOR THE YEAR ENDED 31 AUGUST 2022 Approved by order of the membets of the toard of Tnjstees on El . by. and sigF)ed on their behatf CNPugh Trustee Page 7
CAMBRIDGE ACORN PROJECT (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2022
Independent Examiner's Report to the Trustees of Cambridge Acorn Project ('the charity')
We report to the charity Trustees on our examination of the accounts of the charity for the year ended 31 August 2022.
Responsibilities and Basis of Report
As the Trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied ourselves that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, we report in respect of our examination of the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out our examination we have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. We confirm that we are qualified to undertake the examination because we are a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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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 Ireland (FRS 102)].
We 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.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our work has been undertaken so that we might state to the charity's Trustees those matters we are required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for our work or for this report.
Signed: Dated: 23 May 2023 CPJ Dougherty FCA
Lakin Rose Limited
Chartered Accountants
Pioneer House, Vision Park, Histon, Cambridge, CB24 9NL
Page 8
(A company limited by guarantee)
CAMBRIDGE ACORN PROJECT
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2022
| Note Income from: Donations and legacies 3 Charitable activities 4 Total income Expenditure on: Charitable activities Total expenditure Net income/(expenditure) Transfers between funds 12 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2022 £ 260,780 - 260,780 210,418 210,418 50,362 9,784 60,146 2,076 60,146 62,222 |
Unrestricted funds 2022 £ 108,628 29,521 138,149 98,326 98,326 39,823 (9,784) 30,039 19,347 30,039 49,386 |
Total funds 2022 £ 369,408 29,521 398,929 308,744 308,744 90,185 - 90,185 21,423 90,185 111,608 |
Total funds 2021 £ 256,160 9,908 266,068 282,158 282,158 (16,090) - (16,090) 37,513 (16,090) 21,423 |
|---|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 22 form part of these financial statements.
Page 9
CAMBRIDGE ACORN PROJECT (A company limited by guarantee) REGISTERED NUMBER: 09187469 BALANCE SHEEr S AT 31 AUGUST 2022 2022 2021 Fixed assets Tangible assets 51 76 51 Current assets 76 Debto 10 Cash at bank and in hand 6,634 71.082 141.231 157,089 77.716 Creditors: amounts falling due wrthin one year 11 (45.532} (56.369) Net ¢urrent assets 111.557 21.347 Total net assets 111.608 21.423 Charlty funds Restricted ftjnds Unrestn'cted funds 12 62222 49,386 2.076 19,347 12 Totsl funds 111.608 21.423 The charity was entitled to exempkn'(m from audit under sei*ion 4TT of the Companies Act 20. The members have not required the company to obtain an audit for the year in questi in acrdance wlth section 476 of Companies Act 2C(J6. The TnJstees acknowledge their reSIbl1 ilies for complyThJ the requirernen15 of the Act vth respect to accounting records and preparaljon of financral statements. The financial statements have been ppared in acrdanCe wilh Ihe provisions applirxble to entities subject to the small eompallies regime. The financial ststements were ap0 and autrMLSed for issue by fhe Tnth . signed on their behalf by. and CNPugh Trustee The notes on pages 11 to 22 fomi part of these nCial ststements. Page 10
CAMBRIDGE ACORN PROJECT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
1. General information
The charity is a company limited by guarantee and is incorporated in England and Wales. The address of the registered office is Future Business Centre, Kings Hedges Road, Cambridge, CB4 2HY.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Cambridge Acorn Project meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
2.3 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 allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
Page 11
CAMBRIDGE ACORN PROJECT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
2. Accounting policies (continued)
2.4 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the statement of financial activities as the related expenditure is incurred.
2.5 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
- Computer equipment 33% reducing balance
2.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.
2.7 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
2.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 12
(A company limited by guarantee)
CAMBRIDGE ACORN PROJECT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
3. Income from donations and legacies
| Donations Grants Government grants Total 2021 |
Restricted funds 2022 Unrestricted funds 2022 £ £ - 71,628 260,780 37,000 - - 260,780 108,628 189,145 67,015 |
Total funds 2022 £ 71,628 297,780 - 369,408 256,160 |
Total funds 2021 £ 43,971 206,520 5,669 |
|---|---|---|---|
| 256,160 | |||
| 4. Income from charitable activities Therapy fees Total 2021 5. Analysis of expenditure by activities Provision of therapy Total 2021 |
Unrestricted funds 2022 £ 29,521 9,908 Activities undertaken directly 2022 Support costs 2022 £ £ 296,039 12,705 276,294 5,864 |
Total funds 2022 £ 29,521 9,908 Total funds 2022 £ 308,744 282,158 |
Total funds 2021 £ 9,908 |
|---|---|---|---|
| Total funds 2021 £ 282,158 |
|||
Page 13
(A company limited by guarantee)
CAMBRIDGE ACORN PROJECT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
5. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs Therapist fees Supervision fees Therapist expenses Enrichment expenses Creative packs Individuals in need Total 2022 Total 2021 |
Provision of therapy 2022 £ 219,640 61,764 926 4,559 3,385 5,565 200 296,039 276,294 |
Total funds 2022 £ 219,640 61,764 926 4,559 3,385 5,565 200 296,039 276,294 |
Total funds 2021 £ 175,985 93,635 4,035 2,639 - - - |
|---|---|---|---|
| 276,294 | |||
Page 14
(A company limited by guarantee)
CAMBRIDGE ACORN PROJECT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
5. Analysis of expenditure by activities (continued)
Analysis of support costs
| Provision of therapy 2022 £ Depreciation 25 Computer costs 951 Insurance 1,135 Subscriptions - Bad debts - Room hire 3,050 General office expenses 253 Loss on disposal of tangible fixed assets - Consultancy 2,574 Governance costs 4,717 12,705 Total 2021 5,864 6. Independent examiner's remuneration Fees payable to the charity's independent examiner for the independent examination of the charity's annual accounts 7. Staff costs Wages and salaries Social security costs Contribution to defined contribution pension schemes |
Total funds 2022 £ 25 951 1,135 - - 3,050 253 - 2,574 4,717 12,705 5,864 2022 £ 2,250 2022 £ 202,332 12,970 4,338 219,640 |
Total funds 2021 £ 37 1,124 1,055 75 360 852 527 154 - 1,680 |
|---|---|---|
| 5,864 | ||
| 2021 £ 1,680 |
||
| 2021 £ 171,374 1,119 3,492 |
||
| 175,985 |
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CAMBRIDGE ACORN PROJECT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
7. Staff costs (continued)
The average number of persons employed by the charity during the year was as follows:
| 2022 No. Employees 9 No employee received remuneration amounting to more than £60,000 in either year. |
2021 No. 9 |
|---|---|
| 8. | Trustees' remuneration and expenses | Trustees' remuneration and expenses | |
|---|---|---|---|
| During the year ended | 31 August 2022, no Trustees received any remuneration or other benefits | (2021 - | |
| £NIL). | |||
| During the year ended 31 August 2022, no Trustee expenses have been incurred_(2021 - £NIL)_. | |||
| 9. | Tangible fixed assets | ||
| Computer | |||
| equipment | |||
| £ | |||
| Cost or valuation | |||
| At 1 September 2021 | 540 | ||
| At 31 August 2022 | 540 | ||
| Depreciation | |||
| At 1 September 2021 | 464 | ||
| Charge for the year | 25 | ||
| At 31 August 2022 | 489 | ||
| Net book value | |||
| At 31 August 2022 | 51 | ||
| At 31 August 2021 | 76 |
Page 16
(A company limited by guarantee)
CAMBRIDGE ACORN PROJECT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
10. Debtors
| Due within one year Trade debtors Prepayments and accrued income |
2022 £ 9,045 6,813 15,858 |
2021 £ 6,350 284 |
|---|---|---|
| 6,634 |
11. Creditors: Amounts falling due within one year
| Trade creditors Other taxation and social security Other creditors Accruals and deferred income |
2022 £ 2,984 5,694 1,354 35,500 45,532 |
2021 £ 2,588 3,809 1,298 48,674 |
|---|---|---|
| 56,369 |
Page 17
(A company limited by guarantee)
CAMBRIDGE ACORN PROJECT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
12. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds Restricted funds Environmental Enrichment Project Tetris Project Empathetic Communities Moon Project Therapeutic Sport Individuals in Need Inequality Work Community Therapy Parenting Project Therapy Hours for Trauma Support Total of funds |
Balance at 1 September 2021 £ 19,347 - - - - 2,076 - - - - - 2,076 21,423 |
Income £ 138,149 12,170 6,075 101,537 100,000 8,343 3,440 14,075 7,200 2,940 5,000 260,780 398,929 |
Expenditure £ (98,326) (22,650) (2,586) (105,841) (66,928) (1,936) (2,101) (7,218) (58) (1,100) - (210,418) (308,744) |
Transfers in/out £ (9,784) 10,480 - 4,304 - - - - - - (5,000) 9,784 - |
Balance at 31 August 2022 £ 49,386 |
|---|---|---|---|---|---|
| - 3,489 - 33,072 8,483 1,339 6,857 7,142 1,840 - |
|||||
| 62,222 | |||||
| 111,608 |
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CAMBRIDGE ACORN PROJECT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
12. Statement of funds (continued)
The Environmental Enrichment (EE) Project is an emotional wellbeing project funded by BBC Children In Need which looks to promote children’s mental health through the promotion of enriched experiences.
The Tetris Project, funded in 2022 by the NHS Health Inequalities Challenge Prize, uses the video game Tetris to support Children and Young people experiencing intrusive memories and/or general stress posttrauma.
Empathetic Communities is a four-year emotional wellbeing project, funded by the National Lottery Community Fund, which seeks to develop community-based and whole-school innovative projects and approaches to promote the wellbeing of children and families. It also focuses on tackling inequalities in wellbeing utilising novel approaches.
The Moon Project, funded in 2021-22 by Ely South PCN and Cambridgeshire County Council Domestic And Sexual Violence Project (DASV), utilises bespoke packages of support to provide therapeutic and enrichment interventions for children and young people who have experienced Domestic Abuse (DA) post-trauma.
Therapeutic Sport is a project, funded in 2022 by Sport England, which has combined therapeutic work and sport and enrichment providers.
Individuals in Need refers to restricted funding we receive (specific grants) to support individual families through local and national grant providers (basic needs).
Inequality Work, funded in 2022 by the National Lottery Community Fund (Awards for All), is funding to enable our inequality practitioner to work with families on wider issues affecting them across all our projects.
Community Therapy, funded by the Postcode Places Trust, provides direct counselling and therapy hours for referrals we pick up in the community such as through drop-ins.
Parenting Project describes a new project, funded by Cambridgeshire Community Foundation, through which we will develop a parenting programme and deliver this to at least two cohorts of families in need in Cambridgeshire.
Therapy Hours for Trauma Support provided 200 hours direct therapeutic support post trauma funded by the Mrs Smith and Mount Trust. Similarly to the Community Therapy Fund (above), it has proven vital in enabling us to respond quickly to traumatic events faced by our community in the form of direct counselling and therapy hours
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(A company limited by guarantee)
CAMBRIDGE ACORN PROJECT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
12. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Funds Restricted funds Environmental Enrichment Project Huntingdon Therapeutic Work Tetris Project Empathetic Communities Moon Project MIND Trauma Teams Project Therapeutic Sport Other restricted funds Total of funds |
Balance at 1 September 2020 £ 37,513 - - - - - - - - - 37,513 |
Income £ 76,923 8,170 7,500 9,225 77,742 64,792 16,500 2,466 2,750 189,145 266,068 |
Expenditure £ (95,089) (8,170) (7,500) (9,225) (77,742) (64,792) (16,500) (390) (2,750) (187,069) (282,158) |
Balance at 31 August 2021 £ 19,347 |
|---|---|---|---|---|
| - - - - - - 2,076 - |
||||
| 2,076 | ||||
| 21,423 |
13. Summary of funds Summary of funds - current year
General funds Restricted funds |
Balance at 1 September 2021 £ 19,347 2,076 21,423 |
Income £ 138,149 260,780 398,929 |
Expenditure £ (98,326) (210,418) (308,744) |
Transfers in/out £ (9,784) 9,784 - |
Balance at 31 August 2022 £ 49,386 62,222 |
|---|---|---|---|---|---|
| 111,608 |
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(A company limited by guarantee)
CAMBRIDGE ACORN PROJECT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
13. Summary of funds (continued)
Summary of funds - prior year
| General funds Restricted funds |
Balance at 1 September 2020 £ 37,513 - 37,513 |
Income £ 76,923 189,145 266,068 |
Expenditure £ (95,089) (187,069) (282,158) |
Balance at 31 August 2021 £ 19,347 2,076 |
|---|---|---|---|---|
| 21,423 |
14. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Tangible fixed assets Current assets Creditors due within one year Total |
Restricted funds 2022 Unrestricted funds 2022 £ £ - 51 95,473 61,616 (33,251) (12,281) 62,222 49,386 |
Total funds 2022 £ 51 157,089 (45,532) |
|---|---|---|
| 111,608 |
Restricted funds relate to the following grants receivable which have been deferred and will be released in future periods as the grant performance conditions are achieved.
Moon Project - £16,481 Therapeutic Sport - £2,370 Community Therapy - £14,400
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CAMBRIDGE ACORN PROJECT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
14. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Total |
Restricted funds 2021 £ - 49,311 (47,235) 2,076 |
Unrestricted funds 2021 £ 76 28,405 (9,134) 19,347 |
Total funds 2021 £ 76 77,716 (56,369) 21,423 |
|---|---|---|---|
Restricted funds relate to the following grants receivable which have been deferred and will be released in future periods as the grant performance conditions are achieved.
Individuals in Need - £2,840 Moon Project - £123,360 Tetris Trauma Project - £3,000 Empathetic Communities - £73,184 Therapeutic Sport - £2,370 NCA Drop-In Work - £3,000 Inequality Work - £4,500 Environmental Enrichment - £9,170
15. Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £4,338 (2021 - £3,492) . Contributions of £1,219 (2021 - £1,298) were payable to the fund at the balance sheet date and are included in creditors.
16. Related party transactions
M Edge is the husband of K Edge who was a trustee until 20 September 2021. During the period in which he was a related party, M Edge was paid salary and received pension contributions from the charity totalling £2,602 (2021 - £31,228) in respect of his role as Chief Executive Officer.
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