Docusign Envelope ID: 86A98F43-4E0F-49D2-9E1C-E2949D1739F9
INDEPENDENT CHILDREN AND FAMILIES SERVICES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
Charitable Incorporated Organisation number CE023118 (England and Wales)
Charity registration number 1192014
Docusign Envelope ID: 86A98F43-4E0F-49D2-9E1C-E2949D1739F9
INDEPENDENT CHILDREN AND FAMILIES SERVICES
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mohammed Arshad Javid Akhtar Mohammed Akhtar Mohammed Shahid 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 Skelmersdale WN8 6WT
Docusign Envelope ID: 86A98F43-4E0F-49D2-9E1C-E2949D1739F9
INDEPENDENT CHILDREN AND FAMILIES SERVICES
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 4 |
| Statement of trustees' responsibilities | 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 19 |
Docusign Envelope ID: 86A98F43-4E0F-49D2-9E1C-E2949D1739F9
INDEPENDENT CHILDREN AND FAMILIES SERVICES
TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2024
The trustees present their annual report and financial statements for the year ended 5 April 2024.
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
At the time of writing the cost-of-living crisis is having a negative impact on Children, Families, Carers and elderly across many aspects of their lives. Many households are facing food insecurity, which can have detrimental effects to people’s physical and mental health. Some of the challenges our advisers have come across include the following:
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Increasingly, Households and children cannot afford a nutritious lunch during the school day. State benefits do not cover the cost of essentials like food, which is particularly sensitive to price increases due to inflation. Everyone should be able to afford life’s essentials.
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Support for Children and in particular households does not cover living costs, such as rent for accommodation, clothing and heating. This can prevent children from continuing their education.
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Lack of affordable transport prevents people from accessing work, education and social activities.
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Children and households from marginalised communities are more likely to be impacted by the cost-of-living crisis.
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Growing financial insecurity is worsening people’s mental health. Also, the provision of people’s mental health support services is not sufficient.
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People are not sufficiently included in the development of policies which affect their daily lives.
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Wider evidence suggests that the cost-of-living crisis has led to extreme hardship for low-income families, with some feeling excluded, hungry, guilty (for not providing food), fearful and stigmatised; and those single, young parents are under significant pressure.
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Docusign Envelope ID: 86A98F43-4E0F-49D2-9E1C-E2949D1739F9
INDEPENDENT CHILDREN AND FAMILIES SERVICES
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
While the causes of money problems may not be individual, the effects of money worries are a significant cause of relationship problems, under achievement of children, gives rise to domestic violence, depression, anxiety, and stress, with many of those in debt receiving treatment from their GPs 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 taking a grave charge on the very foundation and structure of our service users' lives.
In view of the current difficult situation, it is imperative to understand that families need one-stop specialist debt and benefit service to address underlying problems to reduce dependency and help children to achieve their full potential.
We face difficult times ahead, so the help available from Specialist high-quality benefits, Housing, Money Management and Social Welfare Law advice services is now more importantly needed than ever. Our Advisers continue to be an essential resource for all those service users seeking welfare benefits, disability and debt advice and our advisers are working extremely hard to help them to meet the challenges ahead, whatever these may be.
During this period ICAFS advisors worked tirelessly to provide information, advice and guidance to help alleviate their financial hardship. Our advisors worked in the local community by giving them greater understanding of their legal rights and identifying benefits entitlements. In other cases, our advisors were able to signpost our clients to get professional advice on becoming debt free at no cost to the client. This was made possible from the generous support of our funders in the West Yorkshire region.
Below are some testimonials that we have received from clients to demonstrate the impact our support has had on them.
Testimonials
Case Study July 2023
From Client: - Testimonial 1
PIP Review success
“Late June 2023 the dreaded brown envelope landed on my mat for our PIP review, as we had such an awful time when transferred to PIP from DLA. We were dreading it, renewed my subs and followed the guides with help of ICAFS Adviser, we've today received a phone call from the DWP regarding my claim to be told my claim has been looked at and that my daily living component remains the same but my Disability relating to mobility component has been reinstated to the highest rate and my award is for 4 years with only light touch reviews from now on as my disabilities will never improve. To say we are chuffed is an understatement, to anyone reading this and dithering. Best money we ever received to accommodate and facilitate illness and disabilities and to look forward to having a decent Xmas this year, especially for our children. Thank You ICAFS.”
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Docusign Envelope ID: 86A98F43-4E0F-49D2-9E1C-E2949D1739F9
INDEPENDENT CHILDREN AND FAMILIES SERVICES
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
Case Study November 2023
From Client: - Testimonials 2
Thank you for making me Debt-Free success
I would like to take this opportunity to say thank you. I’ve never felt like you’ve judged me or looked down on me which was my big worry in going to anyone about my debt. I feel like I can finally get on in life so thank you ICAFS of Bradford. I would have no hesitation recommending you.
Mrs Confidential, Bradford
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 £181,174 (2023 £111,311), with expenditure being £146,239 (2023 £144,575) making a net income of £34,935 at 5 April 2024 (2023 £33,264 expenditure) .
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 amounts to between £34,000 and £70,000. The unrestricted funds (excluding designated funds) at 5.4.24 were £34,152 (2023 £383).
Plans for future periods
Going forward for the charity, we plan to acquire 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.
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 Mohammad Mahboob (Resigned 26 July 2024) Mohammed Shahid
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Docusign Envelope ID: 86A98F43-4E0F-49D2-9E1C-E2949D1739F9
INDEPENDENT CHILDREN AND FAMILIES SERVICES
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
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 2025
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Docusign Envelope ID: 86A98F43-4E0F-49D2-9E1C-E2949D1739F9
INDEPENDENT CHILDREN AND FAMILIES SERVICES
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 5 APRIL 2024
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:
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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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Docusign Envelope ID: 86A98F43-4E0F-49D2-9E1C-E2949D1739F9
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 2024.
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 2025
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2024
| Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Donations and legacies 3 6,026 87,611 Charitable activities 4 - 47,067 Investments 5 40,470 - Total income 46,496 134,678 Expenditure on: Charitable activities 6 11,561 134,678 Net income/(expenditure) for the year/ Net movement in funds 34,935 - Fund balances at 6 April 2023 2,361 - Fund balances at 5 April 2024 37,296 - |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 93,637 - 19,996 47,067 - 87,315 40,470 4,000 - 181,174 4,000 107,311 146,239 7,821 136,754 34,935 (3,821) (29,443) 2,361 6,182 29,443 37,296 2,361 - |
Total 2023 £ 19,996 87,315 4,000 111,311 144,575 (33,264) 35,625 2,361 |
|---|---|---|
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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Docusign Envelope ID: 86A98F43-4E0F-49D2-9E1C-E2949D1739F9
INDEPENDENT CHILDREN AND FAMILIES SERVICES
BALANCE SHEET
AS AT 5 APRIL 2024
| 2024 Notes £ Fixed assets Tangible assets 11 Current assets Debtors 12 30,912 Cash at bank and in hand 19,099 50,011 Creditors: amounts falling due within one year 13 (15,859) Net current assets Total assets less current liabilities Income funds Unrestricted funds Designated funds 16 3,144 General unrestricted funds 34,152 |
£ 3,144 34,152 37,296 37,296 37,296 |
2023 £ 699 2,154 2,853 (2,471) 1,978 383 |
£ 1,979 382 |
|---|---|---|---|
| 2,361 | |||
| 2,361 | |||
| 2,361 |
The financial statements were approved by the Trustees on 24 January 2025
Mohammed Arshad Trustee
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Docusign Envelope ID: 86A98F43-4E0F-49D2-9E1C-E2949D1739F9
INDEPENDENT CHILDREN AND FAMILIES SERVICES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
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. Registered Office:- Park Lane Centre, Park Lane, Bradford BD5 0LN.
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.
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 2024
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 2024
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 2024
3 Donations and legacies
| Unrestricted Restricted funds funds 2024 2024 £ £ Donations and gifts 6,026 - Grants received for core activities (listed below) - 87,611 6,026 87,611 Grants receivable for core activities National Lottery Community Fund (Local Connections) - 40,328 ESF Groundworks - - One Community Foundation - 9,986 Dalton Together - 10,000 Stronger Communities - 5,368 Third Sector - 1,954 West Yorkshire Combined Authority - 19,975 - 87,611 |
Total Restricted funds 2024 2023 £ £ 6,026 - 87,611 19,996 93,637 19,996 40,328 - - 19,996 9,986 - 10,000 - 5,368 - 1,954 - 19,975 - 87,611 19,996 |
Total Restricted funds 2024 2023 £ £ 6,026 - 87,611 19,996 93,637 19,996 40,328 - - 19,996 9,986 - 10,000 - 5,368 - 1,954 - 19,975 - 87,611 19,996 |
|---|---|---|
| 19,996 | ||
| - 19,996 - - - - - |
||
| 19,996 |
4 Charitable activities
| Charitable Income Charitable Income 2024 2023 £ £ Performance related grants 47,067 87,315 Performance related grants Bradford Metropolitan District Council 35,069 44,852 Kirklees Council 5,999 42,463 47,067 87,315 |
Charitable Income Charitable Income 2024 2023 £ £ Performance related grants 47,067 87,315 Performance related grants Bradford Metropolitan District Council 35,069 44,852 Kirklees Council 5,999 42,463 47,067 87,315 |
Charitable Income Charitable Income 2024 2023 £ £ Performance related grants 47,067 87,315 Performance related grants Bradford Metropolitan District Council 35,069 44,852 Kirklees Council 5,999 42,463 47,067 87,315 |
|---|---|---|
| 2024 £ 47,067 35,069 5,999 47,067 |
2023 £ 87,315 |
|
| 44,852 42,463 |
||
| 87,315 |
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
5 Investments
| Unrestricted Unrestricted funds funds 2024 2023 £ £ Rental income 40,470 4,000 Charitable activities Charitable Expenditure Charitable Expenditure 2024 2023 £ £ Staff costs 2,445 19,656 Project costs 15,919 11,612 Freelance welfare officers 54,609 66,690 72,973 97,958 Share of support costs (see note 7) 70,556 44,317 Share of governance costs (see note 7) 2,710 2,300 146,239 144,575 Analysis by fund Unrestricted funds 11,561 7,821 Restricted funds 134,678 136,754 146,239 144,575 |
Unrestricted Unrestricted funds funds 2024 2023 £ £ Rental income 40,470 4,000 Charitable activities Charitable Expenditure Charitable Expenditure 2024 2023 £ £ Staff costs 2,445 19,656 Project costs 15,919 11,612 Freelance welfare officers 54,609 66,690 72,973 97,958 Share of support costs (see note 7) 70,556 44,317 Share of governance costs (see note 7) 2,710 2,300 146,239 144,575 Analysis by fund Unrestricted funds 11,561 7,821 Restricted funds 134,678 136,754 146,239 144,575 |
Unrestricted Unrestricted funds funds 2024 2023 £ £ Rental income 40,470 4,000 Charitable activities Charitable Expenditure Charitable Expenditure 2024 2023 £ £ Staff costs 2,445 19,656 Project costs 15,919 11,612 Freelance welfare officers 54,609 66,690 72,973 97,958 Share of support costs (see note 7) 70,556 44,317 Share of governance costs (see note 7) 2,710 2,300 146,239 144,575 Analysis by fund Unrestricted funds 11,561 7,821 Restricted funds 134,678 136,754 146,239 144,575 |
|---|---|---|
| 2024 £ 2,445 15,919 54,609 72,973 70,556 2,710 146,239 11,561 134,678 146,239 |
2023 £ 19,656 11,612 66,690 |
|
| 97,958 44,317 2,300 |
||
| 144,575 | ||
| 7,821 136,754 |
||
| 144,575 |
6 Charitable activities
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
7 Support costs
| Support costs Governance costs £ £ Staff costs 2,095 - Depreciation 836 - Freelance administrators and management support 29,310 - Premises costs 32,211 - Insurance 1,766 - Office costs 460 - Travel and training 2,260 - Computer and web 36 - Advertising and PR 286 - Subscriptions 1,006 - Sundry 290 - Independent examination - 2,574 Indemnity insurance - 136 70,556 2,710 Analysed between Charitable activities 70,556 2,710 |
2024Support costs Governance costs £ £ £ 2,095 5,707 - 836 815 - 29,310 22,727 - 32,211 11,569 - 1,766 292 - 460 291 - 2,260 1,465 - 36 410 - 286 608 - 1,006 433 - 290 - - 2,574 - 2,300 136 - - 73,266 44,317 2,300 73,266 44,317 2,300 |
2023 £ 5,707 815 22,727 11,569 292 291 1,465 410 608 433 - 2,300 - |
|---|---|---|
| 46,617 | ||
| 46,617 |
Indemnity insurance has been taken out during the year £136 (2023 £nil)
Governance costs includes payments to the independent examiner of £2,574 (2023 £2,300).
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
9 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 |
|---|---|
| Number | Number |
| - | 2 |
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INDEPENDENT CHILDREN AND FAMILIES SERVICES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
| 9 Employees Employment costs Wages and salaries Other pension costs |
(Continued) 2024 2023 £ £ 4,540 25,045 - 318 4,540 25,363 |
(Continued) 2024 2023 £ £ 4,540 25,045 - 318 4,540 25,363 |
|---|---|---|
| 25,363 |
There were two employees who worked a total five months between them during the year.
There were no employees whose annual remuneration was more than £60,000 in the current of prior year.
10 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 Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
11 Tangible fixed assets
| Fixtures and fittings Computers £ £ Cost At 6 April 2023 369 2,975 Additions - 2,001 At 5 April 2024 369 4,976 Depreciation and impairment At 6 April 2023 150 1,215 Depreciation charged in the year 92 744 At 5 April 2024 242 1,959 Carrying amount At 5 April 2024 127 3,017 At 5 April 2023 219 1,760 12 Debtors 2024 Amounts falling due within one year: £ Trade debtors 5,470 Prepayments and accrued income 25,442 30,912 |
Total £ 3,344 2,001 |
|---|---|
| 5,345 | |
| 1,365 836 |
|
| 2,201 | |
| 3,144 | |
| 1,979 | |
| 2023 £ - 699 |
|
| 699 |
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Docusign Envelope ID: 86A98F43-4E0F-49D2-9E1C-E2949D1739F9
INDEPENDENT CHILDREN AND FAMILIES SERVICES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
13 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Notes Other taxation and social security Deferred income 14 Other creditors Accruals |
2024 £ - 216 11,569 4,074 15,859 |
2023 £ 171 - - 2,300 |
| 2,471 |
14 Deferred income
Deferred income is included in the financial statements as follows:
| Deferred income is included within: Current liabilities Movements in the year: Deferred income at 6 April 2023 Resources deferred in the year Deferred income at 5 April 2024 |
2024 £ 216 - 216 216 |
2023 £ - |
|---|---|---|
| - - |
||
| - |
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Docusign Envelope ID: 86A98F43-4E0F-49D2-9E1C-E2949D1739F9
INDEPENDENT CHILDREN AND FAMILIES SERVICES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
15 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 | Movement | in funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at | Income | Expenditure | Balance at | Income | Expenditure | Balance at | ||||||
| 6 April 2022 | 6 April 2023 | 5 April 2024 | ||||||||||
| £ | £ | £ | £ | £ | £ | £ | ||||||
| Support for | ||||||||||||
| Children and | ||||||||||||
| Families | 29,443 | 107,311 | (136,754) | - | 94,350 | (94,350) | - | |||||
| Community | ||||||||||||
| Organisations | ||||||||||||
| Cost of Living | ||||||||||||
| Fund | - | - | - | - | 40,328 | (40,328) | - | |||||
| 29,443 | 107,311 | (136,754) | - | 134,678 | (134,678) | - |
Support for Children and Families was funded by Dalton Together, One Community Foundation, Stronger Communities, Third Sector, Kirklees Council and Bradford Council.
Community Organisations Cost of Living Fund was funded by The National Lottery Community Fund.
For the prior year:-
Support for Children and Families was funded by Groundwork, Kirklees Council and Bradford Council.
16 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:
| Balance at 6 April 2022 £ Fixed asset fund 1,836 1,836 |
Transfers Balance at 5 April 2022 £ £ 142 1,978 142 1,978 |
Transfers Balance at 5 April 2024 £ £ 1,166 3,144 1,166 3,144 |
Transfers Balance at 5 April 2024 £ £ 1,166 3,144 1,166 3,144 |
|---|---|---|---|
| 3,144 |
The fixed asset fund represents the net book value of the fixed assets held by the charity.
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Docusign Envelope ID: 86A98F43-4E0F-49D2-9E1C-E2949D1739F9
| Balance at | 5 April 2024 | £ | - | 3,144 | 34,152 | 37,296 | ||
|---|---|---|---|---|---|---|---|---|
| Transfers | £ | - | 1,166 | (1,166) | - | |||
| Movement in funds | Income Expenditure |
£ £ |
134,678 134,678 |
- - |
46,496 (11,561) |
181,174 (146,239) |
||
| Balance at | 6 April 2023 | £ | - | 1,978 | 383 | 2,361 | ||
| Transfers | £ | - | 142 | (142) | - | |||
| Movement in funds | Income Expenditure |
£ £ |
107,311 (136,754) |
- - |
4,000 (7,821) |
111,311 (144,575) |
||
| Balance at | 6 April 2022 | £ | 29,443 | 1,836 | 4,346 | 35,625 | ||
| Funds | Restricted | Designated | General | |||||
| 17 |
Docusign Envelope ID: 86A98F43-4E0F-49D2-9E1C-E2949D1739F9
INDEPENDENT CHILDREN AND FAMILIES SERVICES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024
18 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 |
2024 £ 18,000 6,250 24,250 |
2023 £ 3,000 3,000 |
|---|---|---|
| 6,000 |
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.
A second operating lease of £15,000 per annum to third parties finishes on 31 August 2025.
19 Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Aggregate compensation | - | 4,843 |
During the period Inspirational Training Institute was paid £12,650 for room hire (2023 £6,240). Mohammed Arshad is the Director of Inspirational Training Institute and a Trustee for Independent Children and Families Services.
During the year a loan was received of £18,369 from Mohammed Arshad, of which £7,000 was paid back within the year. The balance outstanding at the year end amounted to £11,569. Mohammed Arshad is a Trustee of Independent Children and Families Services.
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