DocuSign Envelope ID: 315FEDAE-6E52-4059-9532-7488F311E058
INDEPENDENT CHILDREN AND FAMILIES SERVICES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
Charitable Incorporated Organisation number CE023118 (England and Wales)
Charity registration number 1192014
DocuSign Envelope ID: 315FEDAE-6E52-4059-9532-7488F311E058
INDEPENDENT CHILDREN AND FAMILIES SERVICES
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mohammed Arshad Javid Akhtar Mohammed Akhtar Mohammad Mahboob Appointed 9 December 2022 Mohammed Shahid Appointed 9 December 2022 Charity number 1192014 Principal address Park Lane Centre Park Lane Bradford BD5 0LN Independent examiner Alison Whalley FCA Azets Audit Services Limited Carlton House Grammar School Street Bradford BD1 4NS Bankers The Co-operative Bank P O Box 250 Skelmesrdale WN8 6WT
DocuSign Envelope ID: 315FEDAE-6E52-4059-9532-7488F311E058
INDEPENDENT CHILDREN AND FAMILIES SERVICES
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Statement of trustees' responsibilities | 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Statement of cash flows | |
| Notes to the financial statements | 8 - 17 |
DocuSign Envelope ID: 315FEDAE-6E52-4059-9532-7488F311E058
INDEPENDENT CHILDREN AND FAMILIES SERVICES
TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2023
The trustees present their annual report and financial statements for the year ended 5 April 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, 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 (FRS 102)" (effective 1 January 2019).
Objectives and activities
The charitable objects are the relief of financial hardship through the provision of support and access to free financial advice and assistance to people with debt related problems living in West Yorkshire and the West Midlands area and beyond who through lack of means would otherwise be unable to obtain such support and advice.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
ICAFS offers and delivers Information, Advice, Guidance and Advocacy Service to the public and helps to eliminate poverty. ICAFS also offers accredited training and raises public awareness on social policy issues such as Housing, Debt, Welfare Benefits, Health, and Education. All of ICAFS activities focus on delivering a high-quality service to reduce dependency and to further our charitable purposes for the public benefit.
Achievements and performance
Cost of living challenges for families – The impact on Children & families’ surveys across the UK continue to report on the difficulties experienced by household / families due to the rise in the costs of living and increased pressure felt on families to simply survive and feed themselves. Particularly those with pre-school children, women, and younger people. The recent UK survey evidence which shows that, adults on low incomes and people living with children still report higher levels of poor mental health and well-being compared with other subgroups. Wider evidence suggests that the pandemic has led to extreme hardship for low-income families, with some feeling excluded, hungry, guilty (for not providing food), fearful and stigmatised with single, young parents under significant pressure.
During this period ICAFS Advisers and Advocacy workers discovered that far too many families were facing financial meltdown living in what feels like a triple ditch recession. Our advisers work demonstrates, how hard life is for many children and families these days and the extent of the problems of poverty and feelings of facing economic ruin, now that they have been hit with price increases in Gas, Council Tax, Electric and Water. The situation will be exacerbated further if there is a rise in interest rates, loss of a job, or a fall in their income.
While the causes of money problems may not be individual, the effects of money worries are a significant cause of relationship problems and under achievement of children in school which can give rise to domestic violence, depression, anxiety, and stress. With many of those in debt receiving treatment from their GP’s as mental health problems are both a cause and effect of debt.
Currently many carers are being treated for stress and panic related anxiety, which makes it clear that the present climate is impacting the very foundation and structure of our service user’s lives.
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Testimonials
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A massive thank you, for your sound advice and giving us all the relevant law and precedents re previous tribunal decisions, as the decision review has been successful, and Housing Benefit are going to make full payment. We wouldn’t have secured this decision without your staff expert knowledge/advice and input and we genuinely, cannot thank you enough. We’re very appreciative, and feel we are lucky to be in the position we can ask for your help and, in return, you’re so generous to take the time to research this area, share your knowledge. Thank You ICAFS! Mrs K.
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ICAFS Thank you very much for the advice. Your staff were very helpful. I could have waited around for hours on the internet and found answers, but I really appreciate talking to people who could give me the advice I needed. Emma
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I find the ICAFS services to be very helpful and so kind they really help me with stressful forms without judgement and I always recommend them to people I feel could benefit! The fact these people volunteer their time is amazing and I appreciate all the help given as nobody else is there to help! This service is vital to people with low incomes and not the greatest education. Thank You ICAFS. Vicky
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Great news, I’ve just had a letter saying my case is being closed by the DWP and no further action will be taken. Many thanks for all your help dealing with my investigation. Thank you ICAFS staff for your first-class advice and help with my DWP case. I had been losing sleep over this investigation and it now feels like a great weight has been lifted from me. Shamim
Fundraising
Section 162a of the Charities Act 2011 requires charities to make a statement regarding fundraising activities. The legislation defines fundraising as ‘soliciting or otherwise procuring money or other property for charitable purposes’. The charity does not actively raise funds from the public either directly or via use of an agent, accordingly no such amounts are presented in the financial statements for the year under review. The charity has received no complaints in relation to fundraising activity for the year under review.
Given the nature of the funding of the charity the Trustees consider that it remains appropriate not to be voluntarily bound to be regulated by the Fundraising Regulator.
Financial review
The income for the period amounted to £111,311 (2022 £144,114), with expenditure being £144,576 ( 2022 £108,489) making a deficit of £33,265 at 5 April 2023 (2022 £35,625 surplus) .
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. This amount to between £36,000 and £72,000. The required level of reserves have not been achieved in the year. The unrestricted funds at 5.4.23 were £382 (2022 £4,346).
Plans for future periods
Going forward for the charity, we plan to aquire a more central location to help more of the community in the Bradford Little Horton area and deliver health and well being sessions and expand the household support programme provision.
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Structure, governance and management
The charity is a Charitable Incorporated Organisation registered with Companies House number CE023118 and registered with the Charity Commission ( England and Wales) number 1192014 on 27 October 2020.
The trustees who served during the year and up to the date of signature of the financial statements were: Mohammed Arshad
Javid Akhtar
Mohammed Akhtar
Apart from the first charity trustees, every appointed trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. Selecting individuals for appointment as appointed charity trustees, the charity trustees must have regard to the skills knowledge and experience needed for the effective administration of the charity. Training will be provided if needed.
None of the trustees has any beneficial interest in the charity. All of the trustees are members of the charity and guarantee to contribute £1 in the event of a winding up.
The Trustees are responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair and board members.
The trustees' report was approved by the Board of Trustees.
Mohammed Arshad Trustee
24 January 2024
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 5 APRIL 2023
The trustees 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).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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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 operation.
The trustees are responsible for keeping sufficient accounting records that 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF INDEPENDENT CHILDREN AND FAMILIES SERVICES
I report to the trustees on my examination of the financial statements of Independent Children and Families Services (the charity) for the year ended 5 April 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. 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
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements 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 financial statements to be reached.
Alison Whalley FCA Azets Audit Services Limited Carlton House Grammar School Street Bradford BD1 4NS
Dated: 24 January 2024
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2023
| Unrestricted Restricted funds funds 2023 2023 Notes £ £ Income from: Donations and legacies 3 - 19,996 Charitable activities 4 4,000 87,315 Total income 4,000 107,311 Expenditure on: Charitable activities 5 7,821 136,754 Net (expenditure)/income for the year/ Net movement in funds (3,821) (29,443) Fund balances at 6 April 2022 6,182 29,443 Fund balances at 5 April 2023 2,361 - |
Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 19,996 - 54,607 91,315 8,694 80,813 111,311 8,694 135,420 144,575 2,512 105,977 (33,264) 6,182 29,443 35,625 - - 2,361 6,182 29,443 |
Total 2022 £ 54,607 89,507 |
|---|---|---|
| 144,114 | ||
| 108,489 | ||
| 35,625 - |
||
| 35,625 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
BALANCE SHEET
AS AT 5 APRIL 2023
| Notes Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Income funds Restricted funds 13 Unrestricted funds Designated funds 14 General unrestricted funds |
2023 £ 699 2,154 2,853 (2,471) 1,978 383 |
£ 1,979 382 2,361 - 2,361 2,361 |
2022 £ 584 37,119 37,703 (3,914) 1,836 4,346 |
£ 1,836 33,789 |
|---|---|---|---|---|
| 35,625 | ||||
| 29,443 6,182 |
||||
| 35,625 |
The financial statements were approved by the Trustees on 24 January 2024
Mohammed Arshad Trustee
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
1 Accounting policies
Charity information
Independent Children and Families Services is a Charitable Incorporated Organisation number CE023118 and registered with the Charity Commission in England and Wales number 1192014 on 27 October 2020.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Constitution, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
1 Accounting policies
(Continued)
1.5 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 are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 25% straight line Computers 25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
3 Donations and legacies
| Restricted | Total | Restricted | |
|---|---|---|---|
| funds | funds | ||
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Grants received for core activities (listed below) | 19,996 | 19,996 | 54,607 |
| Grants receivable for core activities | |||
| Awards for All | - | - | 19,976 |
| National Lottery Community Fund (Local Connections) | - | - | 2,500 |
| ESF Groundworks | 19,996 | 19,996 | 19,948 |
| Allen Lane Foundation | - | - | 4,923 |
| George Martin Trust | - | - | 2,444 |
| One Community Foundation | - | - | 4,816 |
| 19,996 | 19,996 | 54,607 | |
| Charitable activities | |||
| Charitable | Charitable | ||
| Income | Income | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Services provided under contract | 4,000 | 8,694 | |
| Performance related grants | 87,315 | 80,813 | |
| 91,315 | 89,507 | ||
| Analysis by fund | |||
| Unrestricted funds | 4,000 | 8,694 | |
| Restricted funds | 87,315 | 80,813 | |
| 91,315 | 89,507 | ||
| Bradford Metropolitan District Council | 44,852 | 8,970 | |
| Kirklees Council | 42,463 | 71,843 | |
| 87,315 | 80,813 |
4 Charitable activities
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
5 Charitable activities
| Charitable | Charitable |
|
|---|---|---|
| Expenditure | Expenditure | |
| 2023 | 2022 | |
| £ | £ | |
| Staff costs | 19,656 | 1,381 |
| Project costs | 11,612 | 5,515 |
| Freelance welfare officers | 66,690 | 36,865 |
| 97,958 | 43,761 | |
| Share of support costs (see note 6) | 44,317 | 62,376 |
| Share of governance costs (see note 6) | 2,300 | 2,352 |
| 144,575 | 108,489 | |
| Analysis by fund | ||
| Unrestricted funds | 7,821 | 2,512 |
| Restricted funds | 136,754 | 105,977 |
| 144,575 | 108,489 |
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
| 6 Support costs Support costs Governance costs £ £ Staff costs 5,707 - Depreciation 815 - Freelance administrators and management support 22,727 - Premises costs 11,569 - Insurance 292 - Office costs 291 - Staff and volunteer travel 1,465 - Computer and web 410 - Bookkeeping and payroll - - Advertising and PR 608 - Subscriptions 433 - Legal and professional - - Sundry - - Legal and professional - - Independent examination - 2,300 44,317 2,300 Analysed between Charitable activities 44,317 2,300 |
2023Support costs Governance costs £ £ £ 5,707 29,562 - 815 548 - 22,727 11,510 - 11,569 11,562 - 292 842 - 291 1,068 - 1,465 3,880 - 410 1,556 - - 312 - 608 733 - 433 293 - - 320 - - 190 - - - 252 2,300 - 2,100 46,617 62,376 2,352 46,617 62,376 2,352 |
2022 £ 29,562 548 11,510 11,562 842 1,068 3,880 1,556 312 733 293 320 190 252 2,100 |
|---|---|---|
| 64,728 | ||
| 64,728 |
Governance costs includes payments to the independent examiners of £2,300 (2022 £2,100).
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
8 Employees
The average monthly number of employees during the year was:
| 2023 | 2022 |
|---|---|
| Number | Number |
| 2 | 2 |
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
| 8 Employees Employment costs Wages and salaries Other pension costs |
(Continued) 2023 2022 £ £ 25,045 30,489 318 454 25,363 30,943 |
(Continued) 2023 2022 £ £ 25,045 30,489 318 454 25,363 30,943 |
|---|---|---|
| 30,943 |
There were no employees whose annual remuneration was more than £60,000.
9 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
10 Tangible fixed assets
| 10 Tangible fixed assets |
|
|---|---|
| Fixtures and fittings Computers £ £ Cost At 6 April 2022 368 2,016 Additions - 958 At 5 April 2023 368 2,974 Depreciation and impairment At 6 April 2022 57 491 Depreciation charged in the year 92 723 At 5 April 2023 149 1,214 Carrying amount At 5 April 2023 219 1,760 At 5 April 2022 311 1,525 11 Debtors 2023 Amounts falling due within one year: £ Prepayments 699 |
Total £ 2,384 958 |
| 3,342 | |
| 548 815 |
|
| 1,363 | |
| 1,979 | |
| 1,836 | |
| 2022 £ 584 |
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
12 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Other taxation and social security Trade creditors Accruals |
2023 £ 171 - 2,300 2,471 |
2022 £ - 1,582 2,332 |
| 3,914 |
13 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Movement | in funds | Movement in funds | Movement in funds | ||||
|---|---|---|---|---|---|---|---|
| Incoming | Resources | Balance at | Incoming | Resources | Balance at | ||
| resources | expended | 6 | April 2022 | resources | expended | 5 April 2023 | |
| £ | £ | £ | £ | £ | £ | ||
| Support for Children and | |||||||
| Families | 135,420 | (105,977) | 29,443 | 107,311 | (136,754) | - |
Support for Children and Families was funded by Groundwork, Kirklees Council and Bradford Council.
For the prior year, Support for Children and Families was funded by Awards for All, Local Connections Fund, ESF, Allen Lane Foundation, George Martin Trust, Kirklees Council, Bradford Council and One Community Foundation.
14 Designated funds
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
| Fixed asset fund | Transfers Balance at 5 April 2022 £ £ 1,836 1,836 1,836 1,836 |
Transfers Balance at 5 April 2023 £ £ 142 1,978 142 1,978 |
Transfers Balance at 5 April 2023 £ £ 142 1,978 142 1,978 |
|---|---|---|---|
| 1,978 |
The fixed asset fund represents the net book value of the fixed assets held by the charity.
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023
15 Funds
| r Restricted Designated General Analysis of net assets between funds Fund balances at 5 April 2023 are represented by: Tangible assets Current assets/(liabilities) |
Movement in funds Incoming esources Resources expended Transfers Balance at 6 April 2022 £ £ £ £ 135,420 (105,977) - 29,443 - - 1,836 1,836 8,694 (2,512) (1,836) 4,346 144,114 (108,489) - (35,625) Unrestricted funds Designated funds Restricted funds 2023 2023 2023 £ £ £ - 1,979 - 382 - - 382 1,979 - |
Movement in funds Incoming resources Resources expended Transfers Balance at 5 April 2023 £ £ £ £ 107,311 (136,754) - - - - 142 1,978 4,000 (7,821) (142) 383 111,311 (144,575) - 2,361 Total Unrestricted funds Restricted funds Total 2023 2022 2022 2022 £ £ £ £ 1,979 - - 1,836 382 4,346 29,443 33,789 2,361 4,346 29,443 35,625 |
Movement in funds Incoming resources Resources expended Transfers Balance at 5 April 2023 £ £ £ £ 107,311 (136,754) - - - - 142 1,978 4,000 (7,821) (142) 383 111,311 (144,575) - 2,361 Total Unrestricted funds Restricted funds Total 2023 2022 2022 2022 £ £ £ £ 1,979 - - 1,836 382 4,346 29,443 33,789 2,361 4,346 29,443 35,625 |
|
|---|---|---|---|---|
| 2,361 | ||||
| Total 2022 £ 1,836 33,789 |
||||
| 35,625 |
16 Analysis of net assets between funds
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DocuSign Envelope ID: 315FEDAE-6E52-4059-9532-7488F311E058
INDEPENDENT CHILDREN AND FAMILIES SERVICES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
17 Operating lease commitments
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
| Within one year Between two and five years |
2023 £ 3,000 3,000 6,000 |
2022 £ 3,000 6,000 |
|---|---|---|
| 9,000 |
The operating leases represent leases of £3,000 per annual to third parties. The leases are negotiated over terms of 3 years and rentals are fixed for 3 years. All leases include a provision for five-yearly upward rent reviews according to prevailing market conditions. There are no options in place for either party to extend the lease terms.
18 Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Aggregate compensation | 4,843 | 21,907 |
During the period Inspirational Business Institute was paid £6,240 for room hire (2022 £6,300). Mohammed Arshad is the Director of Inspirational Business Institute and a Trustee for Independent Children and Families Services.
During the year a loan was received of £10,000 from Inspirational Training Institute and was paid back within the year. Mohammed Arshad is a Director of Inspirational Training Institiute and a Trustee for Independent Children and Familes Services.
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