REGISTERED CHARITY NUMBER: 1176614
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for IPSUM
MHA Monahans Chartered Accountants 38-42 Newport Street Swindon Wiltshire SN1 3DR
IPSUM
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | ||
| Notes to the Financial Statements | 10 | to | 17 |
IPSUM
Report of the Trustees for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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).
On 1 April 2018 Swindon & Wiltshire Alcohol & Drug Services (SWADS) rebranded as IPSUM and transferred its trade and assets to this new charitable incorporated organisation (CIO) run by the same trustees and staff as SWADS.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our objectives are: To assist in the treatment, care, and rehabilitation of persons suffering from mental, emotional or psychological illness, including but not limited to issues relating to drug and alcohol abuse, by: (i) the provision of counselling and support concerned with the alleviation of symptoms and the cure of illness ancillary to those provided by the statutory authorities, and (ii) the provision of facilities for immersive creative therapies.
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IPSUM
Report of the Trustees for the Year Ended 31 March 2021
OBJECTIVES AND ACTIVITIES Significant activities
IPSUM Programmes
We are very fortunate that our trained facilitators and therapists are supported by volunteers with a diverse range of skills and talents.
A rewarding part of our programme is to empower our service users and support them towards becoming peer mentor volunteers if they want to. This has been a successful intervention, building self-esteem and employment skills and for many of our clients who have since moved on to secure paid work.
New View Art Room
Daily workshops provide the opportunity for clients to try new ideas, experiment with different art mediums and try activities such as watercolour painting, acrylics, drawing, textiles, crafts, printmaking and more.
The Therapeutic Creative Arts are a powerful tool that can help to relieve anxiety ,stress and tension. It can increase motivation and self-worth giving new outlets as a distraction technique and safe coping mechanisms.
Basement 13 Music Studio
Our music studio offers a chance for clients to experience the power of music through many different mediums. We are in the fortunate position to offer specialist music therapy groups with a world-renowned psychotherapist.
The opportunity to learn to play an instrument including guitar, bass guitar, keyboard and drums. With the support of our music facilitator there is the option to record your own music, songs or poetry in our professional studio.
IPSUM is also in the position to offer the exciting prospect of creating and engineering your own digital music with a tutor, using a computer programme which supports your learning.
No musical theory is needed to access learning. there is also the exciting prospect of taking a course in DJing.
We hold a weekly session to create a monthly radio show that is aired on a local radio station with special features, interviews and the chance to play some of the music produced in the studio.
The Art and Soul Show from the Sounds of IPSUM is on Swindon 105.5 FM. This is a fantastic opportunity for clients to showcase their work and be involved in production and engineering.
Therapeutic Creative Writing Courses
The creative writing courses offer an opportunity to explore the written word in a facilitated group. There is a mix of poetry, short stories and songs created by the clients embracing this very effective modality.
The safe space created by the tutor gives a platform for exploring the creative mind and can prove to be a very effective tool to learn and use as a healthy way to express thoughts and feelings.
Talking Therapies
What makes us unique is that clients are not limited to the 6 or 12 sessions of treatment that they can experience under NHS treatment services.
Our Counsellors come from a varied background of theoretical training which enables us to try to meet the needs of each individual.
Our Counselling & Psychotherapy Services are accessible to both 1:1 or couples. All Counsellors abide by the 'British Association for Counsellors and Psychotherapists' ethical guidelines and the charity is registered with them as our governing body.
Mindfulness, Meditation and Relaxation
IPSUM facilitates mindfulness and meditation courses run over a six-week period which teaches the art of healthy relaxation.
Exploring the theory behind the very healthy and powerful coping mechanism of relaxation underpins the learning and increases the client's self-awareness.
At the end of this course the client will have a life-long coping tool they can use in any situation.
Professional Training
IPSUM holds Continuing Professional Development days for Counsellors. We also offer training packages and team building days to organisations.
We offer a range of CPD training including
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IPSUM
Report of the Trustees for the Year Ended 31 March 2021
OBJECTIVES AND ACTIVITIES
'Managing Risky Situations'. 'Conflict in the Workplace' 'Stress, Anxiety and Mood management' 'How to manage difficult conversations'
Teambuilding
We use our Creative Studios as a platform to create that bespoke Teambuilding Day unlike any you have experienced before.
No need to worry about bad weather spoiling your employees' experience. A warm and inviting studio provides the space to challenge the group dynamics and bring your team together writing and recording their song in a day. And if music isn't the draw for your team then we can tailor a Teambuilding Day with a few surprises in the Art Studios where the team creates a masterpiece.
The Ground Café
A weekly drop in Café session is on offer for all our clients. This creates a safe space for clients to meet with others and widen their social circles through meeting with a diverse group of people. This is also a good place to hear about upcoming events and courses at IPSUM.
Public benefit
The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the charity should undertake. The trustees consider that they have acted in the public benefit.
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IPSUM
Report of the Trustees for the Year Ended 31 March 2021
ACHIEVEMENT AND PERFORMANCE Charitable activities
The Challenges
COVID-19 presented Ipsum with a huge challenge, especially as the situation escalated so quickly. Working with over 450 vulnerable people left Ipsum with the challenge of how we could best support our service users when our building was closed. We were acutely aware of the anxiety and stress the Pandemic has caused our service users, so we arranged that our phone lines were forwarded to 3 key staff to offer practical help and advice to help those finding it challenging and needing to hear a friendly voice.
We overcame this by reaching out by creating positive social media messages to drip feed out to service users, letting them know that we are still here on the end of a phone or email. We created these ourselves instead of posting generic messages as we felt that service users would connect more with a message sent from the Ipsum team that they have already developed trust and have a relationship with.
Another challenge was how to support our service users to not only access support across our media sites but help and assist those that find it another barrier to treatment as they are unable to connect as no ways or means to do so. We overcame this by identifying our most vulnerable service users and inviting them into our building thus combining virtual tutorials across Zoom with small face to face groups.
IPSUM created and delivered Art Packs to those most vulnerable who are unable to leave their homes but who would like to get involved with our weekly programme. We have also increased our YouTube presence which is available to anyone with internet access.
The Positives
At the beginning of 2020, connecting over social media was something IPSUM did on a relatively small scale, but now as move through April 2021, we reach even more people now who are feeling alone and struggling in isolation, thus enabling our online sites to really, support, signpost and encourage with coping strategies and the message that we can connect with each other even if our building has been closed.
We have set up online art classes, interactive sing a longs and digital audio workstation tutorials to help cope with isolation and lack of social interaction.
We created the 'Sticky Jam' which encouraged anyone feeling isolated to join us for a music session, even if you wanted to bang a saucepan with a spoon!!
IPSUM invited positive messages, pictures and stories to be sent to us and we shared them across our social media sites to help the community stay connected.
IPSUM will continue to offer telephone and zoom counselling weekly as well as face to face from April 19th, 2021. These are all things that we intend to 'blend in' and continue to develop for future service provision as we move slowly out of lockdown.
Zoom sessions including art sessions, poetry sessions and interactive music lessons have all been received positively and are well attended seeing a minimum of 6 on each call.
We will continue to upload to our Ipsum YouTube channel art sessions, meditation sessions, digital audio workstation lessons and chord progressions.
Outreach at The Olive Tree will recommence as it continues to be well attended, 8 per session x 2 sessions. In these unusual times we continue to review and adapt our services to fit the needs of our service users.
There is still a lot of raised anxiety about coming into Swindon and entering the building, so Ipsum has created a series of information videos to try and increase confidence.
IPSUM continues to work safely in accordance with government guidelines and has been lucky enough to receive some free PPE equipment in this last quarter from VAS. The extra disposable face masks for service users that attend without the proper protection, clear full-face visors for all staff and volunteers have been gratefully received. It is vitally important that our clients can see the faces of the workers and counselling provision.
All furniture has been replaced by chairs that could be wiped down effectively between each session.
The Zoom sessions work effectively alongside face-to-face sessions and increase capacity.
Snapshot of Art session, 8 could join us before Pandemic for each session, now we have 7 socially distanced within the building and we have seen a further 10 join the session virtually. Feedback from our service users' reps reports a fun, different dynamic and positive energy. 'It's good to see lots of other people to talk with'.
IPSUM averages 453 new presentations per year in addition to those already accessing our services.
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IPSUM
Report of the Trustees for the Year Ended 31 March 2021
However, a snapshot from September 2020, of new assessments completed, saw a significant increase to 67 for one month, highlighting the need for IPSUM to further extend its services for those needing support. This was a clear indicator of the impact of COVID 19 on our community's mental wellbeing and the need for us to not only keep the charity stable but to increase capacity to meet the increased need.
We intend to extend opening times to accommodate our young people by offering 2 evenings a week for music interventions (days to be confirmed) and Saturdays 10.00am -4.00pm Art will also be offered Saturdays 10.00am - 4.00pm
Ipsum Counselling / Talking Therapies
Our aim has always been working towards opening our doors 7 days a week. We are proud to now be in a position to offer counselling 4 evenings a week until 9.00pm Saturdays 10.00am - 5.00pm
Sundays 10.00am - 1.00pm (by June 2021).
FINANCIAL REVIEW
Financial position
At 31 March 2021, total funds held were £318,210.
Reserves policy
The charity expects to hold sufficient reserves to cover all expenses incurred to fulfil the exit strategy; this will normally not be less than three months or more than six months operational costs. This has been estimated at £85,067. The charity may hold in reserve any monies which are restricted for the "life" of specific projects running outside the financial year. Additionally, the charity may "ring fence" non-restricted funds as reserves for specific project costs.
At 31 March 2021 the charity had total funds of £318,210. Of these funds, £3,497 are held as restricted and £226,356 have been designated for the following purposes:
| £124,277 | - | Functional Fixed Assets |
|---|---|---|
| £102,079 | - | 6 month exit costs |
The reserves held in excess of the required amount are £88,357 (being total funds less restricted and designated funds).
Going concern
The trustees acknowledge the deficit in year and the reduced bank balance. However, the trustee are confident that the charity will be able to generate sufficient income to meet its liabilities. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
Executive Committee Members are elected via the AGM. Anyone wishing to join the organisation as a trustee is required to put their name forward to the next available AGM and be elected onto the Committee. Each year one third of the Trustees are required to put their names forward for re-election at the AGM. This is done on a rotating basis.
Organisational structure
IPSUM is managed by the Executive Committee on which the Trustees serve and is responsible for the legal and financial management of the organisation. The Executive Committee meets 8 times a year and makes strategic decisions regarding the long-term development of the organisation. The Executive Committee is comprised of members from a wide and varied background. Key members of the volunteer group, service users and staff team are also invited to attend meetings as appropriate.
The charity makes decisions at the bi-monthly Executive Committee meetings. All Executive Committee meetings have an Agenda and items to be discussed are included and sent out in advance of the meetings, as are the minutes of the meeting and financial papers. All decisions are reached through discussion and consensus with the view of the representatives being considered. If no consensus is reached a vote would be taken, and in the case of a split decision the Chairperson would have the casting vote.
The trustees delegate day-to-day management to the Director, Julie Mattinson.
Induction and training of new trustees
New trustees go through an induction process to explain their responsibilities, the work of IPSUM, and to introduce them to key personnel within the organisation.
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IPSUM
Report of the Trustees for the Year Ended 31 March 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Key management remuneration
The board of trustees review the pay of the chief Executive on an annual basis.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
IPSUM's Board of Trustees regularly review and assess the risks faced by our charity in all areas of its work and plan for the management of those risks. Risk is an everyday part of our charitable activity and managing it effectively is essential for the trustees to achieve their key objectives and safeguard their charity's funds and assets.
IPSUM's approach for Operational risk is covered off across four stages which involve the preparing of a risk assessment, this could be for a project, organisation or set of operating processes.
These are:
-
risk identification: identifying the main risks
-
risk assessment: assessing the likelihood of each risk occurring and the consequences for the charity/organisation
-
risk mitigation: identifying the most appropriate actions to reduce or eliminate the risk
-
contingency assessment: identifying the contingencies that need to be put in place following the risk assessment.
Risk management is an ongoing process and has been fully integrated into our project management and review processes.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1176614
Principal address
Bradford House 13 Milton Road Swindon Wiltshire SN1 5JE
Trustees
A Gould Dr J Gould M Woolls C Mattinson
Independent Examiner
S G Fraser FCA MHA Monahans Chartered Accountants 38-42 Newport Street Swindon Wiltshire SN1 3DR
Approved by order of the board of trustees on 21 September 2021 and signed on its behalf by:
Dr J Gould - Trustee
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Independent Examiner's Report to the Trustees of IPSUM
Independent examiner's report to the trustees of IPSUM
I report to the charity trustees on my examination of the accounts of IPSUM (the Trust) for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCA which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
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.
S G Fraser FCA MHA Monahans Chartered Accountants 38-42 Newport Street Swindon Wiltshire SN1 3DR
9 November 2021
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IPSUM
Statement of Financial Activities for the Year Ended 31 March 2021
| Unrestricted Designated fund Fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 28,274 - Charitable activities 4 Advice, Information & Therapy 48,121 - Other trading activities 3 483 - Total 76,878 - EXPENDITURE ON Raising funds 5 406 - Charitable activities 6 Advice, Information & Therapy - 3,259 Total 406 3,259 NET INCOME/(EXPENDITURE) 76,472 (3,259) Transfers between funds 16 (16,395) 18,821 Net movement in funds 60,077 15,562 RECONCILIATION OF FUNDS Total funds brought forward 28,280 210,794 TOTAL FUNDS CARRIED FORWARD 88,357 226,356 |
Restricted funds £ 113,426 75,000 - 188,426 - 182,503 182,503 5,923 (2,426) 3,497 - 3,497 |
2021 Total funds £ 141,700 123,121 483 265,304 406 185,762 186,168 79,136 - 79,136 239,074 318,210 |
2020 Total funds £ 22,992 75,088 1,119 99,199 1,681 191,990 193,671 (94,472) - (94,472) 333,546 239,074 |
|---|---|---|---|
The notes form part of these financial statements
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IPSUM
Balance Sheet 31 March 2021
| Unrestricted Designated fund Fund Notes £ £ FIXED ASSETS Tangible assets 13 - 124,276 CURRENT ASSETS Debtors 14 30,573 - Cash at bank and in hand 68,346 102,080 98,919 102,080 CREDITORS Amounts falling due within one year 15 (10,562) - NET CURRENT ASSETS 88,357 102,080 TOTAL ASSETS LESS CURRENT LIABILITIES 88,357 226,356 NET ASSETS 88,357 226,356 FUNDS 16 Unrestricted funds: General fund Designated fund for functional fixed assets Designated fund for exit costs Restricted funds: Supporting loneliness and isolation TOTAL FUNDS |
Restricted funds £ - - 20,997 20,997 (17,500) 3,497 3,497 3,497 |
2021 Total funds £ 124,276 30,573 191,423 221,996 (28,062) 193,934 318,210 318,210 88,357 124,277 102,079 314,713 3,497 318,210 |
2020 Total funds £ 125,727 27,945 117,140 145,085 (31,738) 113,347 239,074 239,074 28,281 125,727 85,066 239,074 - 239,074 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 21 September 2021 and were signed on its behalf by:
J Gould - Trustee
A Gould - Trustee
The notes form part of these financial statements
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IPSUM
Notes to the Financial Statements for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared on a going concern basis and are presented in Sterling which is the functional currency of the Charity, and rounded to the nearest pound.
There are no significant areas of judgements or key sources of estimation uncertainty.
Going concern
The trustees acknowledge the deficit in year and the reduced bank balance. However, the trustee are confident that the charity will be able to generate sufficient income to meet its liabilities. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
General information and Legal status of the Charity
The charity is a charitable incorporated organisation. The address of the registered office is given in the . trustees report.The nature of the charity's operations and principal activities are given in the trustees report.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% straight line Computer and music equipment - 25% on straight line basis
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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IPSUM
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES - continued
Financial risk management
The charity has minimal exposure to customer credit risk, liquidity risk and market risk. Please refer to the risk section of the trustees annual report for information on how risks are managed. The charity does not have any non basic financial instruments.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised where 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 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2. DONATIONS AND LEGACIES
| Donations Gift aid Grants Grants received, included in the above, are as follows: Swindon Borough Council National Lottery Awards for All Wiltshire Community Foundation Big Lottery 3. OTHER TRADING ACTIVITIES Fundraising events |
2021 £ 7,902 12,798 121,000 141,700 2021 £ 10,000 10,000 41,000 60,000 121,000 2021 £ 483 |
2020 £ 11,707 11,285 - |
|---|---|---|
| 22,992 | ||
| 2020 £ - - - - |
||
| - | ||
| 2020 £ 1,119 |
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IPSUM
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 4. INCOME FROM CHARITABLE ACTIVITIES Activity Client fees Advice, Information & Therapy Other income Advice, Information & Therapy Grants Advice, Information & Therapy Grants received, included in the above, are as follows: Swindon Borough Council Children and Family Wellbeing Service Coronavirus Job Retention Scheme 5. RAISING FUNDS Raising donations and legacies Consultancy fees Fundraising costs 6. CHARITABLE ACTIVITIES COSTS Advice, Information & Therapy 7. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Supervision & Counselling 8. SUPPORT COSTS Management £ Advice, Information & Therapy 25,638 |
2021 £ 34,155 - 88,966 123,121 2021 £ 70,000 5,000 13,966 88,966 2021 £ - 406 406 Direct Support Costs (see costs (see note 7) note 8) £ £ 157,499 28,263 2021 £ 151,199 6,300 157,499 Governance Finance costs £ £ 179 2,446 |
2020 £ 52,338 250 22,500 |
|
|---|---|---|---|
| 75,088 | |||
| 2020 £ 17,500 5,000 - 22,500 2020 £ 900 781 1,681 Totals £ 185,762 |
2020 £ 17,500 5,000 - |
||
| 22,500 | |||
| 2020 £ 146,344 13,520 |
|||
| 159,864 | |||
| Totals £ 28,263 |
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IPSUM
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
8. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
| Support costs, included in the above, are as follows: | ||
|---|---|---|
| 2021 | 2020 | |
| Advice, | ||
| Information | Total | |
| & Therapy | activities | |
| £ | £ | |
| Insurance | 5,825 | 5,621 |
| Volunteer expenses | - | 45 |
| Telephone and internet | 2,459 | 5,974 |
| Postage, stationery and computer expenses | 4,423 | 1,505 |
| Travel and subsistence | 1,188 | 34 |
| Sundries | 75 | 1,330 |
| Subscriptions | - | 1,461 |
| Utilities & running costs | 8,409 | 11,049 |
| Depreciation of tangible and heritage assets | 3,259 | 2,682 |
| Bank charges | 179 | 26 |
| Accountancy and independent examination | 1,191 | 2,399 |
| Subscriptions | 1,255 | - |
| 28,263 | 32,126 |
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
10. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Therapists Administration |
2021 £ 141,593 6,866 2,740 151,199 2021 6 2 8 |
2020 £ 135,270 8,272 2,802 |
||
|---|---|---|---|---|
| 146,344 | ||||
| 2020 4 2 6 |
No employees received emoluments in excess of £60,000.
The total employee benefits for key management personnel of the charity were £50,331 (2020: £47,832) (inclusive of employers national insurance). Key management personnel for the charity comprises the chief executive officer.
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IPSUM
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Designated Restricted Total fund Fund funds funds £ £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 19,469 - 3,523 22,992 Charitable activities Advice, Information & Therapy 52,588 - 22,500 75,088 Other trading activities 1,119 - - 1,119 Total 73,176 - 26,023 99,199 EXPENDITURE ON Raising funds 1,681 - - 1,681 Charitable activities Advice, Information & Therapy 76,533 89,434 26,023 191,990 Total 78,214 89,434 26,023 193,671 NET INCOME/(EXPENDITURE) (5,038) (89,434) - (94,472) Transfers between funds (1,713) 1,713 - - Net movement in funds (6,751) (87,721) - (94,472) RECONCILIATION OF FUNDS Total funds brought forward 35,032 298,514 - 333,546 TOTAL FUNDS CARRIED FORWARD 28,281 210,793 - 239,074 12. GOVERNMENT GRANT INCOME 2021 2020 £ £ Swindon Borough Council 85,000 22,500 National Lottery 70,000 - HMRC 13,966 - |
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Designated Restricted Total fund Fund funds funds £ £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 19,469 - 3,523 22,992 Charitable activities Advice, Information & Therapy 52,588 - 22,500 75,088 Other trading activities 1,119 - - 1,119 Total 73,176 - 26,023 99,199 EXPENDITURE ON Raising funds 1,681 - - 1,681 Charitable activities Advice, Information & Therapy 76,533 89,434 26,023 191,990 Total 78,214 89,434 26,023 193,671 NET INCOME/(EXPENDITURE) (5,038) (89,434) - (94,472) Transfers between funds (1,713) 1,713 - - Net movement in funds (6,751) (87,721) - (94,472) RECONCILIATION OF FUNDS Total funds brought forward 35,032 298,514 - 333,546 TOTAL FUNDS CARRIED FORWARD 28,281 210,793 - 239,074 12. GOVERNMENT GRANT INCOME 2021 2020 £ £ Swindon Borough Council 85,000 22,500 National Lottery 70,000 - HMRC 13,966 - |
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Designated Restricted Total fund Fund funds funds £ £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 19,469 - 3,523 22,992 Charitable activities Advice, Information & Therapy 52,588 - 22,500 75,088 Other trading activities 1,119 - - 1,119 Total 73,176 - 26,023 99,199 EXPENDITURE ON Raising funds 1,681 - - 1,681 Charitable activities Advice, Information & Therapy 76,533 89,434 26,023 191,990 Total 78,214 89,434 26,023 193,671 NET INCOME/(EXPENDITURE) (5,038) (89,434) - (94,472) Transfers between funds (1,713) 1,713 - - Net movement in funds (6,751) (87,721) - (94,472) RECONCILIATION OF FUNDS Total funds brought forward 35,032 298,514 - 333,546 TOTAL FUNDS CARRIED FORWARD 28,281 210,793 - 239,074 12. GOVERNMENT GRANT INCOME 2021 2020 £ £ Swindon Borough Council 85,000 22,500 National Lottery 70,000 - HMRC 13,966 - |
Restricted funds £ 3,523 22,500 - 26,023 - 26,023 26,023 - - - - - |
Total funds £ 22,992 75,088 1,119 99,199 1,681 191,990 193,671 (94,472) - (94,472) 333,546 239,074 |
|---|---|---|---|---|
| 2021 2020 |
||||
| £ £ |
||||
| 85,000 22,500 |
||||
| 70,000 - |
||||
| 13,966 - |
||||
There were no unfulfilled conditions or other contingencies attached to these grants. The charity has not directly benefited from any other forms of government assistance.
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Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
13. TANGIBLE FIXED ASSETS
| COST At 1 April 2020 Additions At 31 March 2021 DEPRECIATION At 1 April 2020 Charge for year At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments and accrued income 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Accruals and deferred income |
Freehold property £ 123,894 - 123,894 2,353 1,239 3,592 120,302 121,541 |
Computer and music equipment £ 6,360 1,808 8,168 2,174 2,020 4,194 3,974 4,186 2021 £ 17,720 12,853 30,573 2021 £ 6,693 2,869 18,500 28,062 |
Totals £ 130,254 1,808 |
Totals £ 130,254 1,808 |
|---|---|---|---|---|
| 132,062 | ||||
| 4,527 3,259 |
||||
| 7,786 | ||||
| 124,276 | ||||
| 125,727 | ||||
| 2020 £ 18,400 9,545 |
||||
| 27,945 | ||||
| 2020 £ 4,587 2,853 24,298 |
||||
| 31,738 |
Deferred income of £17,500 (2020: £21,658) relates to income received in advance for post year end service delivery.
16. MOVEMENT IN FUNDS
| Unrestricted funds General fund Designated fund for functional fixed assets Designated fund for exit costs Restricted funds Renovations Supporting loneliness and isolation TOTAL FUNDS |
At 1.4.20 £ 28,280 125,728 85,066 239,074 - - - 239,074 |
Net movement in funds £ 76,472 (3,259) - 73,213 2,426 3,497 5,923 79,136 |
Transfers between funds £ (16,395) 1,808 17,013 2,426 (2,426) - (2,426) - |
At 31.3.21 £ 88,357 124,277 102,079 |
|---|---|---|---|---|
| 314,713 - 3,497 |
||||
| 3,497 | ||||
| 318,210 |
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Notes to the Financial Statements - continued for the Year Ended 31 March 2021
16. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 76,878 Designated fund for functional fixed assets - 76,878 Restricted funds SBC - arts based wellbeing service 70,000 CFWS - 16-25 years 5,000 Renovations 2,426 Supporting loneliness and isolation 10,000 Covid response and recovery 101,000 188,426 TOTAL FUNDS 265,304 Comparatives for movement in funds Net movement At 1.4.19 in funds £ £ Unrestricted funds General fund 35,032 (5,038) Designated fund for functional fixed assets 124,196 (2,682) Designated fund for exit costs 85,066 - Designated fund for youth projects 40,000 (40,000) Designated fund for counselling projects 46,752 (46,752) Designated fund for property improvements and maintenance 2,500 - 333,546 (94,472) TOTAL FUNDS 333,546 (94,472) Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 73,176 Designated fund for functional fixed assets - Designated fund for youth projects - Designated fund for counselling projects - 73,176 Restricted funds SBC - arts based wellbeing service 17,500 CFWS - 16-25 years 5,000 New digitial audio workshop 3,523 26,023 TOTAL FUNDS 99,199 |
Resources Movement expended in funds £ £ (406) 76,472 (3,259) (3,259) (3,665) 73,213 (70,000) - (5,000) - - 2,426 (6,503) 3,497 (101,000) - (182,503) 5,923 (186,168) 79,136 Transfers between At funds 31.3.20 £ £ (1,713) 28,281 4,213 125,727 - 85,066 - - - - (2,500) - - 239,074 - 239,074 Resources Movement expended in funds £ £ (78,214) (5,038) (2,682) (2,682) (40,000) (40,000) (46,752) (46,752) (167,648) (94,472) (17,500) - (5,000) - (3,523) - (26,023) - (193,671) (94,472) |
|---|---|
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Notes to the Financial Statements - continued for the Year Ended 31 March 2021
16. MOVEMENT IN FUNDS - continued
SBC - Arts Based Wellbeing Service - grant to provide an arts based wellbeing service.
CFWS - grant to support 16-25 year olds.
New digital audit workshop - a donation was received to fund the conversion of the basement kitchen into a separate digital workshop area.
Loneliness and isolation - grant from National Lottery Awards for All to support those facing loneliness and isolation during the COVID pandemic
COVID response and recovery - grants to support the charity to continue to provide its arts and wellbeing services during the COVID pandemic.
Renovation - a donation towards the renovation of the building.
Designated Fund for Functional Assets - to ensure that adequate reserves are set aside to allow for the depreciation of the Charity's fixed assets.
Designated Fund for exit costs - to cover the exit costs if the charity had to close in 6 months.
Transfers between funds
The following transfers took place during the year:
| Transfer to | Transfer from | Amount £ | Reason |
|---|---|---|---|
| Designated fund for functional fixed assets | General fund | 1,808 | Fixed assets purchased |
| Designated fund for exit costs | General fund | 17,013 | Increase in exit costs |
| General fund | Renovations | 2,426 | Spend on this fund was |
| incurred in 2019/20 |
17. RELATED PARTY DISCLOSURES
The wife of the trustee, C Mattinson, is the Chief Executive Officer of the Charity. C Mattinson was not involved in the appointment of the CEO and the Charity has put processes in place to avoid any conflicts of interest.
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