REGISTERED COMPANY NUMBER: 11793304 (England and Wales) REGISTERED CHARITY NUMBER: 1192784
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 January 2022
for
Support 2 Flourish Ltd
(A Company Limited by Guarantee)
Haines Watts, Chartered Accountants 117 - 119 Cleethorpe Road Grimsby North East Lincs DN31 3ET
Support 2 Flourish Ltd
Contents of the Financial Statements for the Year Ended 31 January 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
Support 2 Flourish Ltd
Report of the Trustees for the Year Ended 31 January 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
ACHIEVEMENT AND PERFORMANCE
Charitable activities and public benefit
Helping young adults with learning difficulties with life skills, independence and wellbeing. Activities are class and group based within the Grimsby and Humberside area. Activities include personal hygiene, nutrition, cooking, personal development and wellbeing. Promotion of social inclusion for persons aged 18 over with learning disabilities and/or autism who are socially excluded from society, or parts of society, as a result of their disability or autism by, in particular but not exclusively:
A) Providing and supporting opportunities for beneficiaries to develop their capacities, skills, independence and participation in society.
B) Providing training, advocacy, assistance and general support.
C) Providing recreational and horticultural facilities or opportunities.
D) Raising public awareness of the problems persons with learning disabilities and or autism can face in relation to social exclusion such as discrimination abuse, economic, psychological and social exclusion.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to monitor unrestricted funds which are free reserves of the charity to achieve a minimum level of £10,000. This will provide sufficient funds to cover management, administration, support costs and to respond to emergency applications for grants which arise from time to time.
Incoming resources for the year amounted to £117,008 (2021:£65,251) and resources expended £124,349 (2021: £79,922). Free reserves at the year-end were £24,967 (2021:£32,308).
FUTURE PLANS
As always plans are in place to maximize the use of our current resources, develop new services and increase our intake of service users.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Induction and training of new trustees
We have a policy for induction and training of trustees.
Risk management
The Directors/Trustees have examined the major strategic, business and operational risks that the charity faces and confirms that systems are in place to monitor and control these risks and ensure that the necessary steps can be taken when appropriate. Any major risks to which the charity is exposed will be reviewed in an emergency trustees meeting.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
11793304 (England and Wales)
Registered Charity number
1192784
Registered office
Nunsthorpe & Bradley Community Centre Wooton Road Grimsby N E Lincs DN33 1HE
Page 1
Support 2 Flourish Ltd
Report of the Trustees for the Year Ended 31 January 2022
Trustees
M J Bell P Ashton Mrs E Fairfax Chapman
Independent Examiner
Mark Stothard FCA Haines Watts, Chartered Accountants 117 - 119 Cleethorpe Road Grimsby North East Lincs DN31 3ET
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 18 October 2022 and signed on its behalf by:
M J Bell - Trustee
Page 2
Independent Examiner's Report to the Trustees of Support 2 Flourish Ltd
Independent examiner's report to the trustees of Support 2 Flourish Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the 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 matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mark Stothard FCA Haines Watts, Chartered Accountants 117 - 119 Cleethorpe Road Grimsby North East Lincs DN31 3ET
18 October 2022
Page 3
Support 2 Flourish Ltd
Statement of Financial Activities for the Year Ended 31 January 2022
| 31.1.22 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 116,985 Charitable activities Activities - Investment income 2 23 Total 117,008 EXPENDITURE ON Charitable activities Activities 124,349 NET INCOME/(EXPENDITURE) (7,341) RECONCILIATION OF FUNDS Total funds brought forward 32,308 TOTAL FUNDS CARRIED FORWARD 24,967 |
31.1.21 Total funds £ 65,251 15,913 21 |
|---|---|
| 81,185 | |
| 80,033 1,152 31,156 |
|
| 32,308 |
The notes form part of these financial statements
Page 4
Support 2 Flourish Ltd
Balance Sheet 31 January 2022
| 31.1.22 | 31.1.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 6 | 11,622 | 15,892 |
| CURRENT ASSETS | |||
| Debtors | 7 | 1,774 | 3,455 |
| Cash at bank | 14,850 | 13,790 | |
| 16,624 | 17,245 | ||
| CREDITORS | |||
| Amounts falling due within one year | 8 | (3,279) | (829) |
| NET CURRENT ASSETS | 13,345 | 16,416 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 24,967 | 32,308 | |
| NET ASSETS | 24,967 | 32,308 | |
| FUNDS | 9 | ||
| Unrestricted funds | 24,967 | 32,308 | |
| TOTAL FUNDS | 24,967 | 32,308 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 18 October 2022 and were signed on its behalf by:
M J Bell - Trustee
The notes form part of these financial statements
Page 5
Support 2 Flourish Ltd
Notes to the Financial Statements for the Year Ended 31 January 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Donation and legacy income is received by way of donations and gifts is included in full in the statement of Financial Activities when receivable. The value of services provided by volunteers has not been included in these accounts.
Grants, where entitlement is not conditional on the delivery of specific performance by the charity, are recognised when the charity becomes entitled to the grant. Grants received in relation to capital expenditure are recognised in the Statement of Financial Activities when the charity becomes entitled to the grants.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - 20% on cost Motor vehicles - 25% on cost Computer equipment - 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 6
continued...
Support 2 Flourish Ltd
Notes to the Financial Statements - continued for the Year Ended 31 January 2022
2. INVESTMENT INCOME
| 2. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.1.22 | 31.1.21 | ||
| £ | £ | ||
| Deposit account interest | 23 | 21 | |
| 3. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.1.22 | 31.1.21 | ||
| £ | £ | ||
| Accountancy | 2,160 | 1,512 | |
| Depreciation - owned assets | 5,712 | 6,992 | |
| Other operating leases | 15,524 | 8,619 | |
| Surplus on disposal of fixed assets | - | (329) |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2022 nor for the year ended 31 January 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2022 nor for the year ended 31 January 2021.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 65,251 |
| Charitable activities | |
| Activities | 15,913 |
| Investment income | 21 |
| Total | 81,185 |
| EXPENDITURE ON | |
| Charitable activities | |
| Activities | 80,033 |
| NET INCOME | 1,152 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 31,156 |
| TOTAL FUNDS CARRIED FORWARD | 32,308 |
Page 7
continued...
Support 2 Flourish Ltd
Notes to the Financial Statements - continued for the Year Ended 31 January 2022
| 6. | TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|---|
| Leasehold | Motor | Computer | ||||
| property | vehicles | equipment | Totals | |||
| £ | £ | £ | £ | |||
| COST | ||||||
| At 1 February 2021 | 2,260 | 17,994 | 2,779 | 23,033 | ||
| Additions | - | - | 1,442 | 1,442 | ||
| At 31 January 2022 | 2,260 | 17,994 | 4,221 | 24,475 | ||
| DEPRECIATION | ||||||
| At 1 February 2021 | - | 6,297 | 844 | 7,141 | ||
| Charge for year | 452 | 4,498 | 762 | 5,712 | ||
| At 31 January 2022 | 452 | 10,795 | 1,606 | 12,853 | ||
| NET BOOK VALUE | ||||||
| At 31 January 2022 | 1,808 | 7,199 | 2,615 | 11,622 | ||
| At 31 January 2021 | 2,260 | 11,697 | 1,935 | 15,892 | ||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 31.1.22 | 31.1.21 | |||||
| £ | £ | |||||
| Other debtors | 1,774 | 3,455 | ||||
| 8. | CREDITORS: AMOUNTS FALLING DUE | WITHIN ONE YEAR | ||||
| 31.1.22 | 31.1.21 | |||||
| £ | £ | |||||
| Tax | 828 | 829 | ||||
| Social security and other taxes | 270 | - | ||||
| Other creditors | 21 | - | ||||
| Accruals and deferred income | 2,160 | - | ||||
| 3,279 | 829 | |||||
| 9. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At 1.2.21 | in funds | 31.1.22 | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 32,308 | (7,341) | 24,967 | |||
| TOTAL FUNDS | 32,308 | (7,341) | 24,967 | |||
| Net movement in funds, included in the above are as follows: | ||||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 117,008 | (124,349) | (7,341) | |||
| TOTAL FUNDS | 117,008 | (124,349) | (7,341) |
Page 8
continued...
Support 2 Flourish Ltd
Notes to the Financial Statements - continued for the Year Ended 31 January 2022
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.2.20 | in funds | 31.1.21 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 31,156 |
1,152 | 32,308 |
| TOTAL FUNDS 31,156 |
1,152 | 32,308 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 81,185 |
(80,033) | 1,152 |
| TOTAL FUNDS 81,185 |
(80,033) | 1,152 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.2.20 | in funds | 31.1.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 31,156 | (6,189) | 24,967 |
| TOTAL FUNDS | 31,156 | (6,189) | 24,967 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 198,193 | (204,382) | (6,189) |
| TOTAL FUNDS | 198,193 | (204,382) | (6,189) |
Page 9
continued...
Support 2 Flourish Ltd
Notes to the Financial Statements - continued for the Year Ended 31 January 2022
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2022.
11. CHARITABLE STATUS
The company was incorporated on 28 January 2019 as a not for profit entity, limited by guarantee. On the 15 December 2020 the company was accepted by the charity commission as a charitable company under charity number 1192784.
Page 10
Support 2 Flourish Ltd
Detailed Statement of Financial Activities for the Year Ended 31 January 2022
| Detailed Statement of Financial Activities for the Year Ended 31 January 2022 |
||
|---|---|---|
| 31.1.22 | 31.1.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | 114,049 | 63,251 |
| Donations | 2,936 | 2,000 |
| 116,985 | 65,251 | |
| Investment income | ||
| Deposit account interest | 23 | 21 |
| Charitable activities | ||
| Grants | - | 15,913 |
| Total incoming resources | 117,008 | 81,185 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 18,465 | 17,369 |
| Rent | 15,524 | 8,619 |
| Insurance | 1,644 | 3,995 |
| Light and heat | 2,382 | - |
| Telephone | 1,070 | 427 |
| Postage and stationery | 955 | 547 |
| Sundries | 1,539 | 593 |
| Travelling costs | 2,628 | 1,328 |
| Repairs and maintenance | 8,114 | 5,300 |
| Subcontractors | 44,800 | 27,100 |
| Consumables | 5,205 | 4,227 |
| Depn of leasehold property | 452 | - |
| Motor vehicles | 4,499 | 4,499 |
| Computer equipment | 762 | 344 |
| 108,039 | 74,348 | |
| Support costs | ||
| Finance | ||
| Bank charges | 38 | 131 |
| Interest of overdue taxation | - | 111 |
| Gain/loss on sale of asset | - | (329) |
| 38 | (87) | |
| Governance costs | ||
| Accountancy | 2,160 | 1,512 |
| Legal and professional fees | 14,112 | 4,260 |
| 16,272 | 5,772 | |
| Total resources expended | 124,349 | 80,033 |
| Net (expenditure)/income | (7,341) | 1,152 |
This page does not form part of the statutory financial statements
Page 11