2022-03-31-accounts - Made For More

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Made for More

Report and Accounts Year ended 31st March 2022

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

MADE FOR MORE

LEGAL & ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 MARCH 2022

ADDRESS FOR CORRESPONDENCE 162A Meadgate Avenue Chelmsford Essex CM2 7LJ GOVERNING DOCUMENT Constitution dated 13th October 2019 CHARITY REGISTRATION NUMBER 1186072 TRUSTEES RESPONSIBLE FOR Mr. D. Pye (Chairman) MANAGING THE CHARITY Mrs. V. Omopariola Ms. K. Tullet Mrs. A. Sheldrake Mr. J. Keskeys INDEPENDENT EXAMINER Lisa Darby FCA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

INDEX

Page 1 Legal & Administrative Details Pages 2 - 4 Trustees' Report Page 5 Independent Examiner's Report Page 6 Receipts and Payments Account Page 7 Statement of Assets & Liabilities Pages 8 - 9 Notes to the Accounts

Page 1

MADE FOR MORE

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 March 2022.

Objects of the charity

The charity is governed by a constitution and is constituted as a charitable incorporated organisation. The charity's principal objects, as set out in its governing document, is the advancement of Christianity in Chelmsford and the surrounding district through the provision of:

a) education, information and support to young people in schools and the community b) information and support to young people in schools and the community and through prayer c) united evangelism d) teaching and training

Summary of the charity's main activities and achievements

Made for More (MfM) currently has 4 staff members and 11 volunteers who assist in the delivery of one to one mentoring and lunch clubs in Chelmsford Secondary schools. All team and volunteers are DBS checked and trained up internally before entering the school setting.

MfM currently undertakes its activities in Chelmsford as highlighted in the Charity Constitution. Objectives are achieved through one to one mentoring, lunch clubs, peers to peer mentoring training and ‘Empowered’ well-being courses.

The young people we work with have been highlighted and referred through schools pastoral teams, with the understanding that our service would be of benefit to the individuals. Often the struggles include mental health, scenarios within home life or within the school setting that is preventing the young people from achieving full potential. The response from MfM is on a case by case basis.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Covid Impact

Throughout the COVID-19 Pandemic, front line services were impacted considerably as schools were reluctant for students to engage with services in person.

1 member of staff was furloughed and 1 was reduced to providing services online and offering support to students through social media platforms.

The further 2 members of staff didn’t join the team until September 2021.

Financial review

During this first year of operations, income raised was £53,753, £46,500 of which was transferred from another charity. Expenditure for the year was £37,619 and as a result the cash held by the charity was £16,134, all of which is unrestricted and can be used for any charitable purpose.

Page 2

Reserves policy

The trustees are determining a reserve policy during the next year to ensure the charity has reserves in place to ensure it can continue to operate should income and/or expenditure vary adversely.

Future Plans and model

MfM continue to deliver a front line response to the need in the Secondary schools. Currently operating in 7 of the 10 secondary schools in Chelmsford, we plan to expand our service to reach a further two schools in the next reporting period 2022/23.

Relationships with other charities and related parties

Made for More (MfM) was set up to take over the activities of Chelmsford and District Evangelical Fellowship (CADEF) and was approved by the Charity Commission on 31st October 2019.

The trustees of both CADEF and MfM approved an asset transfer (dated 16th December 2020) to take place on 1st February 2021. Trustees of MfM agreed to grant an indemnity to the Trustees of CADEF 'for any liabilities properly incurred by the trustees of CADEF acting in their capacity as such'. This indemnity was authorised by the Charity Commission of England and Wales under section 105 of the Charities Act 2011 (dated 9 June 2020).

Complications arising from the COVID pandemic have led to significant delays in implementing the full transfer of activities. In particular the setting up of the new bank account was delayed due to the pressures faced by banks during the pandemic.

During 2021/2022 significant process has been made in implementing the transfer:

1) The staff were transferred to the MfM payroll from 1st October 2021

2) CADEF transferred £46,500 into MfM bank account

It is anticipated that CADEF will complete the transfer of standing orders to MfM dring 2022/23 and transfer any outstanding funds. As at 31st March 2022 £9,343 monies were held by CADEF which are due to MfM and have been shown as a debtor in these accounts.

Risk statement

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Page 3

Responsibilities of trustees

Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

Dave Pye

Dave Pye (Chair of Trustees)

Date: 23 January 2023

Page 4

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

MADE FOR MORE

I report to the trustees on my examination of the accounts of Made for More ('the charity') for the year ended 31st March 2022 on pages 6 to 9 following.

Responsibilities and basis of report

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

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 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 2011 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 accordance with section 130 of the 2011 Act; or

the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Lisa Darby

Lisa Darby FCA

Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: 31 January 2023

Page 5

MADE FOR MORE

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted Funds

Notes *Income receipts* Transfers from Connected Charity 3 Donations Other grants Other *Total receipts* *Payments* 2 *Total payments* Transfers between funds Net movement in funds Cash funds at this year end A Net of receipts / (payments) before Payments in relation to charitable activities undertaken directly	General Funds £ 46,500 5,150 2,000 102 53,753 37,619 37,619 16,134 - 16,134 16,134	Designated Funds £ - - - - - - - - - -	Restricted Funds £ - - - - - - - - - -	2022 £
				46,500 5,150 2,000 102
				53,753
				37,619
				37,619
				16,134 -
				16,134
				16,134

The notes on pages 8 - 9 form part of these accounts.

Page 6

MADE FOR MORE

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 31 MARCH 2022

Notes A Cash funds Cash at bank with immediate access Petty cash B Other monetary assets Gift aid due to charity Transfer due from CADEF C Liabilities Falling due within one year Fee for Independent Examination Accrued expenses Total D Assets retained for charity's own use Computer and IT assets transferred from CADEF Transferred at NBV in October 2021		General Designated funds funds £ £ 16,098 - 36 - 16,134 - 800 - 9,343 - 10,143 - 780 - 1,138 - 1,918 - Net Book value £ 267 Unrestricted Funds	Restricted funds £ - - - - - - - - -	2022 £
		General funds £ 16,098 36 16,134 800 9,343 10,143 780 1,138 1,918
				16,098 36

				16,134
				800 9,343


				10,143
				780 1,138
				1,918

E Guarantees and secured debts

The charity has not given any guarantees and has not provided its assets as security for any liabilities.

The accounts were approved by the trustees and signed on their behalf by:

Victoria Omopariola

_____ Victoria Omopariola

Date: 23 January 2023

The notes on pages 8 - 9 form part of these accounts.

Page 7

MADE FOR MORE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

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. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

Unrestricted Funds General Designated funds funds £ £ 2 Payments in relation to charitable activities undertaken directly Employment costs (see note 4) 28,761 - Lunch clubs and mentoring activity expenses 2,517 - Merchandise Cost 1,430 - Marketing 821 - Small equipment 1,155 - Rent 1,050 - Office Costs 443 - Staff expenses 301 - Miscellaneous 1,141 - 37,619 -	Restricted Funds £ - - - - - - - - - -	Total 2022 £
		28,761 2,517 1,430 821 1,155 1,050 443 301 1,141
		37,619

Page 8

MADE FOR MORE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

3 Transactions with related parties

On 16th December 2020, an Asset Transfer Agreement was made between the Chelmsford and District Evangelical Fellowship (CADEF) and the charity, with a planned transfer date of 1st February 2021. The transfer took place on 1st October 2021 when the employees were transferred with all assets of the charity. During the year this amounted to £46,500 of monies, along with £267 of fixed assets (Net Book Value). The remaining amount due from CADEF of £9,343 is shown as a debtor at 31st March 2022.

The Chair of Trustees for Made for More, Dave Pye, is also the Chair of Trustees of CADEF.

There were no other transactions with related parties or Trustees during the year.

4 Movement of funds
General funds Total funds	Opening balance £ - -	Receipts £ 53,753 53,753	Payments £ (37,619) (37,619)	Transfers £ - -	Closing balance £ 16,134 16,134

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