2025-07-07-accounts - Society Inc

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SOCIETY INC

Registered Charity Number: 1181461

FINAL STATEMENTS FOR THE YEAR ENDING 7[th] July 2025

SOCIETY INC

INDEX

Page number 2 Content 3 TRUSTEES ANNUAL REPORT 4-5 STATEMENT OF FINANCIAL ACTIVITIES 6 CLOSING STATEMENT 7-11 BALANCE SHEETS

SOCIETY INC

Report of the trustee’s year ending 31[st] May 2025:

The trustee’s present their final annual report and financial statements of the charity for the year ending 7[th] July 2025. The financial statements have been prepared in accordance with the charity trust deed, The Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland published (FRS 102) (effective 1[st] January 2019).

Reference and administrative information:

Charity Name: Society Inc Charity Number: 1181461

Trustee’s (up to date of signing): Joanne Bonney Treasurer Victoria Fletcher-Simm Chair/CEO Catherine Barkley Trustee Elaine Pitt Trustee

Principle Office:

15 Little Hulton District Centre Little Hulton Salford Greater Manchester M28 0BA

Bankers:

Lloyds Bank Chelmeford Legg St Osc 1 Legg Street Chelmsford CM1 1JS

SOCIETY INC

Objectives and activities:

1) To promote social inclusion for the public benefit of residents in Greater Manchester and in particular but not exclusively, Little Hulton by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate back into society.
2) To promote and protect the good residents at risk of poor emotional health, poverty, isolation, ill-health, anti-social behaviours and unemployment in Greater Manchester and in particular, but not exclusively the area of Little Hulton by the provision of an evidence-based Mentoring and Befriending project.
3) To further such other purposes which may be charitable in accordance to the Law in England and Wales as a trustee sees fit from time to time.

The Trustee’s confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the charities aims and objectives, in planning activities and setting policies.

On the 6[th] December 2024 at our Annual General Meeting, it was announced that Society Inc intend to close. A voluntary dissolution of Society Inc, in accordance with Clause 29 of the organisation's constitution and the dissolution is subject to approval by the Charity Commission. It was noted that, before closure, all debts and liabilities will be settled, and any remaining assets will be transferred to the charity New Beginnings – a GM organisation that supports parents whose children are at risk of being removed into care – Registered charity number: 1198338. The organisation provides intensive, wrap-around support to help parents understand past trauma, learn coping strategies, and develop parenting skills to keep families together. They also provide an in-house mentoring and befriending project. Historically, Society Inc have worked closely with New Beginnings in delivering mentoring training to families who have completed the New Beginnings programme.

The trustees agreed on 10[th] May 2025, as there were surplus funds which were not anticipated (due to a back-dated invoice payment) that these funds would be returned into the Living Well service. Trustees felt that this was the right course of action, and would keep the funds within the Salford locality. The total amount returned to the Living Well service was £4,950.00. NHS Commissioner Clare Mayo was consulted and recommended that the funds be awarded to the START Inspiring Minds charity (Registered charity number: 1078837). ‘START’ is a charity that has been delivering mental health recovery and prevention services in Salford for over 30 years - using creativity, connection, and recovery interventions to help improve people's lives.

The charity will be formally dissolved in 2025 (processed commenced on 27[th] May 2025) and ceased all charitable activity from 31[st] March 2025. The charity commission envisage a 3- month timescale to process charity closures, thus is it anticipated that the charity will cease to exist beyond the 1[st] September 2025.

Since our AGM in December 2024, the charity stopped taking new referrals and focused on providing a positive ending to the clients we were serving. During this time, the staff continued to deliver the following activities.

Face-to-face sessions.
Supportive phone calls.
Group activities.
SMART Recovery groups.
Supporting transitions to onward services.
Fairwell lunch and presentations.

Financial Review:

The Trustees have reviewed the accounts and are happy with the financial condition of the CIO.

Reserves Policy and going concern:

The balance held as at 7[th] July 2025 was £0.00.

Risk management:

Due to the charity closing to any charitable activity, the trustees have reviewed the current policies, procedures, and financial processes as adequate and do not require further review.

Structure, governance and management:

The Charity is a registered CIO and is constituted under a trust deed dated 7[th] January 2019.

Trustee’s:

There have been no new trustee’s appointed, due to the charities imminent closure. The current trustees are meeting monthly to safely and properly dissolve the charity. The day-today administration of the charity is delegated to the chair and CEO Victoria Fletcher-Simm.

Trustee’s responsibilities in relation to the financial statements:

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards. The law application to charities in England and Wales requires charities to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of any incoming resources and application of resources, of the charity for that period. In preparing financial statements, the trustees are required to;

Select suitable accounting principles and apply them consistently.
Observe the methods and principles in the applicable charities SORP

Make judgements and estimates that are reasonable and prudent
State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements.
Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will continue in business.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (accounts and reporting) Regulations, and the provision of the trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees on 7[th] July 2025 and are signed on behalf of;

Victoria Fletcher-Simm Chair of Trustees/CEO

– – GMMH Contract Living Well PEARL actvity.

PEARL income carried forward from 2024; £9,143.91

Carried forward Pooled grants from 2024 £4,033.28

Contract funds received in 2025; £41,539.25

Total PEARL funds for 2025; £54,716.44

Funds spent in 2025; Redundancies, Salaries, pensions, and HMRC payments. £49,766.44

Total spent for PEARL £49,766.44

Carried forward from PEARL funds: £4,950.00

Unrestricted funds

Carried forward from 2024 £5,112.62

Funds received in 2025 – NHS England.

£6,889.64

Total revenue in unrestricted funds:

£12,002.26

Funds spent in 2025;

Telephone and internet;

£1,169.90

Premises – rent, upgrades, furniture .

£1,250.00

Utilities for premises: £1,697.13

Petty cash – travel, client group activity, final farewell event, refreshments: £1,844.75

Professional services – solicitor’s costs:

£600.00

Other – client activity.

£1,610.30

IT destruction and technical costs;

£1,800.00

Total spent from unrestricted funds:

£9,972.08

Carried forward from unrestricted income:

£2,030.18

Onward funds

Carried forward from PEARL to START Inspiring minds charity (as agreed with NHS commissioners): £4,950.00 Paid on 2/7/2025

Carried forward to New Beginnings Foundation (identified charity by trustees) £2,030.18 Paid on 30/5/2025

Cash in bank as of 7/7/2025 £0.00