Sheffield 1000 Charity Number 1195383 Registered Address Knights Professional Services, Commercial House, 14 Commercial Street, Sheffield S1 2AT
What the charity does:
- General Charitable Purposes
Who the charity helps:
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Children/young People
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Elderly/old People
-
People With Disabilities
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People Of a Particular Ethnic or Racial Origin
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Other Charities or Voluntary Bodies
-
The General Public/mankind
How the charity helps:
-
Makes Grants to Individuals
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Makes Grants to Organisations
Where the charity operates:
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Barnsley
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Doncaster
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Rotherham
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Sheffield City
3 Trustee(s)
| Name Role Date of appointm ent |
Other trusteeship s Reporting status of other trusteeships |
|---|---|
| Stephen Paul Manley Chair 20 February 2022 |
None on record |
| Melinda Jane Schofeld Trust ee 20 February 2022 |
None on record |
| Arun Thomas Singh Trust ee 20 February 2022 |
None on record |
Financial History………………
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Cash in bank at the start of the financial year: £nil
-
Monies Gifted and to who to include dates: See Sheffield 1000 outgoing payments doc.
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Monies in the back as of 31/03/2023: £11,438.86
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Any cost incurred during the financial year: Costs incurred within this period were £5400 to Northern Taxis Limited on 04/08/2022. This was for the legal work that was conducted by Keebles in relation to the set-up of the Charity. The bill was originally paid by Northern Taxis due to the time it took to open the charity bank account and was rebilled to the charity once it was able to settle the payment.
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Monies gifted to: September 2023, Baby Basics £1000 and Work Limited £1000 December 2023, New Hope Food Bank £1000, and Philadelphia Food Bank £1000
Accounts and annual returns
Charitable objects
The objectives of the Charity are to make grant payments to individuals or organisations in the Shefield and South Yorkshire Area to further such charitable purpose or purposes as the trustees in their absolute discretion shall think fit.
Address:
KNIGHTS PROFESSIONAL SERVICES LTD COMMERCIAL HOUSE 14 COMMERCIAL STREET SHEFFIELD S1 2AT Phone: 01142358901 Email: info@the1000charity.org Website:
www.the1000charity.org
Charity number: 1195383
THE SHEFFIELD 1000-1 CHARITY
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
THE SHEFFIELD 1000-1 CHARITY
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its Trustees and advisers | 1 |
| Chairman's statement | 2 - 3 |
| Trustees' report | 4 - 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 13 |
THE SHEFFIELD 1000-1 CHARITY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023
| Trustees | S P Manley,Chair |
|---|---|
| M J Schofield | |
| A T Singh | |
| Charity registered number 1195383 Principal office Knights Professional Services Ltd Commercial House 14 Commercial Street Sheffield S1 2AT Accountants BHP LLP 2 Rutland Park Sheffield S10 2PD |
Page 1
THE SHEFFIELD 1000-1 CHARITY
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023
The chairman presents his statement for the year.
Dear Friends,
I am proud to reflect on what has been an incredibly successful year for our charity. Thanks to the generous support of our donors, partners, and volunteers, we have made significant strides in furthering our mission and bringing hope to those who need it most in our wonderful city of Sheffield.
The simple aim of getting 1000 people to each donate £1 per week which then gives them the ability to nominate where the £1000 goes, has proved incredibly successful. The experienced and dedicated Nominations Committee have then taken time and due diligence to ensure that every £1 donated goes to a very worthy cause.
Gifting with Purpose
This year, we were fortunate to gift substantial funds to a number of meaningful charities and those who need it the most. These gifts have had a profound impact, enabling us to:
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Provide critical resources to underserved communities.
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Gift money to various educational programs, reaching thousands of children and adults.
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Support mental health initiatives, which have never been more needed.
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Aid young families with new babies unable to provide the basics.
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Supported a number of foodbanks to help provide emergency food and support to people facing hardship.
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Gifted monies to assist people who are homeless to help with shelter, care and guidance.
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Gifted monies to families in need of financial support.
The distribution of these funds has been thoughtfully planned by the Nominations Committee to ensure maximum impact, and as a collective team of Melinda Schofield, Arnie Singh, Dan Walker and Rachel Bown, we are humbled to see the real transformative change these donations have made. Every Pound donated has helped shape a brighter future for those we serve.
A Year of Growth
2022/3 has been a year of good growth for our organisation. We are proud to report that we surpassed our fundraising goals, which is a testament to the incredible dedication of our everyone involved within the Sheffield 1000-1 Charity. This success allowed us to:
Looking Forward
While we celebrate this year’s successes, we know there is still much work to be done. As we look ahead to 2024, we are more committed than ever to increasing the awareness of Sheffield 1000-1, broadening our reach, and ensuring that we support as many people as possible.
We remain deeply grateful for the trust placed in us by our supporters and the hard work of our team. Together, we are making a real difference.
Page 2
THE SHEFFIELD 1000-1 CHARITY
CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Thank you for your continued support and belief in our mission. Let’s continue this journey of hope, change, and compassion together.
With gratitude,
Steve Manley
Chairman Date:
Page 3
THE SHEFFIELD 1000-1 CHARITY
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The Trustees present their annual report together with the financial statements of the charity for the year 1 April 2022 to 31 March 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
Objectives and activities
a. Policies and objectives
The primary objective of the Charity is to get 1000 individuals who all donate £1 per week. When we have raised enough funds, we contact the donors to request nominations where the £1000 should be allocated. This list is then collated and passed to our experience nominations panel for them to decide on when the funds should be assigned.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Strategies for achieving objectives
We aim to raise the provide of the charity within Sheffield through Social Media, launch events and attending various functions to increase awareness of the charity. We also aim to use contact from the Trustees and our Patron within the media to highlight the Charitys work on both TV, Radio and the written press.
c. Activities undertaken to achieve objectives
Events have taken place at Sheffield Hilton Hotel which was attended by the BBC, ITV and Sheffield BBC Radio. Various posts on social media have also contributed to the increased awareness of the charity and the willingness for people to become involved and also to donate.
d. Main activities undertaken to further the charity's purposes for the public benefit
There are various meetings that have taken place with potential new key people that will attend the Trustees Meeting to give additional strength to the Charity. We are in discussions to launch a corporate program to get local businesses involved. We are building strong foundations to enable us to have a year of growth and to be able to further support those in our city that need it the most.
Achievements and performance
a. Main achievements of the charity
Develop membership and to improve the effectiveness of the website.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Page 4
THE SHEFFIELD 1000-1 CHARITY
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
b. Reserves policy
The trustees have focused on establishing the charity’s foundation and will consider setting a reserves policy in the coming year.
c. Financial review
Total income for the year was £23,069 and total expenditure was £11,943. This resulted in net movement in funds of £11,126. At 31 March 2023, total funds and net assets were £11,126.
Structure, governance and management
a. Constitution
The Sheffield 1000-1 Charity is a registered charitable incorporated organisation (CIO), number 1195383, and is constituted under a Trust deed.
b. Methods of appointment or election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Page 5
THE SHEFFIELD 1000-1 CHARITY
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Statement of Trustees' responsibilities
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 & 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 its incoming resources and application of resources, including its income and expenditure, for that period. 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 of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed;
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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 business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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.
Approved by order of the members of the board of Trustees and signed on their behalf by:
S P Manley
(Chair of Trustees) Date:
Page 6
THE SHEFFIELD 1000-1 CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
| Note Income from: Donations and legacies 2 Total income Expenditure on: Charitable activities 4 Total expenditure Net movement in funds Reconciliation of funds: Net movement in funds Total funds carried forward |
Unrestricted funds 2023 £ 23,069 23,069 11,943 11,943 11,126 11,126 11,126 |
Total funds 2023 £ 23,069 |
|---|---|---|
| 23,069 | ||
| 11,943 | ||
| 11,943 | ||
| 11,126 | ||
| 11,126 | ||
| 11,126 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 13 form part of these financial statements.
Page 7
THE SHEFFIELD 1000-1 CHARITY
BALANCE SHEET AS AT 31 MARCH 2023
| Note Current assets Cash at bank and in hand Creditors: amounts falling due within one year 7 Net current assets Total assets less current liabilities Total net assets Charity funds Unrestricted funds 8 Total funds |
11,546 11,546 (420) |
2023 £ 11,126 |
|---|---|---|
| 11,126 | ||
| 11,126 | ||
| 11,126 | ||
| 11,126 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
S P Manley
(Chair of Trustees) Date:
The notes on pages 9 to 13 form part of these financial statements.
Page 8
THE SHEFFIELD 1000-1 CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and 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 Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.
The Sheffield 1000-1 Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they adopt the going concern basis in preparing the financial statements.
1.3 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
1.4 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 allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
Page 9
THE SHEFFIELD 1000-1 CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
1. Accounting policies (continued)
1.4 Expenditure (continued)
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
1.5 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
1.7 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
2. Income from donations and legacies
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2023 | 2023 | |
| £ | £ | |
| Donations | 23,069 | 23,069 |
Page 10
THE SHEFFIELD 1000-1 CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
3. Analysis of grants
| Grants paid Grants of £1,000 were made to the following institutions in the year: Baby Basics New Hope Food Bank S6 Foodbank Work Ltd |
Grants to Institutions 2023 £ 4,000 |
Total funds 2023 £ 4,000 |
|---|---|---|
4. Analysis of expenditure on charitable activities
Summary by fund type
| Grants paid Stripe fees Legal fees Accountancy fees |
Unrestricted funds 2023 £ 4,000 2,123 5,400 420 11,943 |
Total 2023 £ 4,000 2,123 5,400 420 |
|---|---|---|
| 11,943 |
Page 11
THE SHEFFIELD 1000-1 CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
5. Analysis of expenditure by activities
| Grants paid Stripe fees Legal fees Accountancy fees |
Direct costs 2023 £ - 2,123 - - 2,123 |
Grant funding of activities 2023 £ 4,000 - - - 4,000 |
Support costs 2023 £ - - 5,400 420 5,820 |
Total funds 2023 £ 4,000 2,123 5,400 420 |
|---|---|---|---|---|
| 11,943 |
6. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits.
During the year ended 31 March 2023, no Trustee expenses have been incurred.
7. Creditors: Amounts falling due within one year
| 2023 | |
|---|---|
| £ | |
| Accruals | 420 |
Page 12
THE SHEFFIELD 1000-1 CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
8. Statement of funds
Statement of funds - current year
| Balance at 31 | |||
|---|---|---|---|
| Income | Expenditure | March 2023 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General funds | 23,069 | (11,943) | 11,126 |
9. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Current assets Creditors due within one year Total |
Unrestricted funds 2023 £ 11,546 (420) 11,126 |
Total funds 2023 £ 11,546 (420) |
|---|---|---|
| 11,126 |
10. Related party transactions
The charity received donations of £2,000 from Northern Taxis Limited, a company which A Singh, a Trustee, is a director of. The charity also reimbursed this company for £5,400 of legal fees that the company paid on the charity's behalf during the year.
There donations totaling £120 made by trustees during the year.
There were no other related party transactions during the year.
Page 13