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2022-03-31-accounts

Company registration number: 1402217 Charity registration number: 277128

CMSS

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2022

Sterling Grove Accountants Limited Chartered Certified Accountants and Statutory Auditor Fawley House 2 Regatta Place Marlow Road Bourne End Buckinghamshire SL8 5TD

CMSS

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 5
Independent Auditors' Report 6 to 8
Statement of Financial Activities 9 to 10
Balance Sheet 11
Statement of Cash Flows 12
Notes to the Financial Statements 13 to 28

CMSS

Reference and Administrative Details

Trustees Mr E Smart
Miss A Barnes
Mr L Hardy
Mr P B O'Sullivan
Mrs C Carse
Mrs H K Haston
Mrs J Burton
Charity Registration Number 277128
Company Registration Number 1402217
Registered Office Fawley House
2 Regatta Place
Marlow Road
Bourne Emd
Buckinghamshire
SL8 5TD
Principal Office Wiltshire Lane
Northwood Hills
Pinner
Middlesex
HA5 2NB
Auditor Sterling Grove Accountants Limited
Chartered Certified Accountants and Statutory Auditor
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

Page 1

CMSS

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2022.

Objectives and activities

Public benefit

Objects of the charity

The objects of the charity are to promote care, welfare, interest, treatment, education and advancement within the London Boroughs of Ealing, Harrow and Hillingdon, and that part of Brent north of the north circular road (or in the event of any local government reorganisation in an equivalent area) and surrounding districts of people with disabilities (which means to include any persons with any form of cerebral palsy and associated disabilities).

Our Aims

Our primary aim is to provide a day service for our clients that empowers them to progress in all aspects of their lives, thus optimising their individual potential and maximising their autonomy. Our objectives are to provide our clients with:

Delivering our aims

We hold an annual business strategy and planning event where we review our aims and objectives and assess new business opportunities. We do this within the framework of our stated aims and objectives.

We are mindful of the Charity Commission’s general guidance on public benefit, and when reviewing our programmed activities we consider how these will meet our stated aims and objectives.

We monitor our progress against agreed objectives on a quarterly basis. The Executive committee receive regular budget reports and reviews spend against the agreed budget provision.

The Chief Executive Officer has day to day responsibility for managing the activities of the charity within the agreed budget provision. The service fees are reviewed annually by the Executive committee and a detailed budget is agreed that will deliver the aims and objectives.

How our services deliver public benefit

All our charitable activities provide services to disabled adults and/or their carers and are undertaken to further our charitable purposes for the public benefit.

Page 2

CMSS

Trustees' Report

Who used and benefited from our services

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Financial review

Policy on reserves

The Executive committee has a policy whereby the unrestricted funds not committed held by the charity should equate to about six months of the resources expended in general funds. At 31 March 2022, the actual reserves held in uncommitted and unrestricted funds were £1,607,370 and restricted funds were £87,635. The details of designated funds can be found in note 22 to the accounts.

Principal funding sources

Our principal funding source is local authority adult social care funding. While traditionally this has been paid through block fees based upon a contract directly with the local authority, increasingly our clients are receiving direct payments and personal budgets and purchase the services themselves. There have been few opportunities to fund raise and as a result we have been unable to offer holiday projects as this is not supported via local authority funding.

Investment policy and objectives

The Executive Committee continuously review the basis of the investment policy of the charity, obtaining independent advice when appropriate, and is confident that the spread of funds especially those designed for the charity sector meets present needs. Our investments are managed by our Investment Committee which is constituted as a formal sub-committee to the Executive Committee with its own terms of reference. Any decision made by the CMSS Investment Committee is based on the principle of trying to achieve appropriate investment returns while also being mindful of the charitable reputation of CMSS and the need to ensure any assets held within its overall investment portfolio do not breach the Charity’s ethical and social principles.

Plans for future periods

We do not anticipate any change to our overall aims and objectives as stated within this report. However, in view of the impact of the pandemic on the services we offer and on our client base, we are currently taking steps to review our service model and associated staffing requirements. We anticipate implementing any changes during the period 2022/23.

Structure, governance and management

Nature of governing document

CMSS is a charitable company limited by guarantee. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up the members are required to contribute an amount not exceeding £5.

Page 3

CMSS

Trustees' Report

Recruitment and appointment of trustees

The directors of the charitable company "the charity" are its trustees for the purposes of charity law and throughout this report are collectively referred to as the Executive Committee or the trustees. As set out in the Articles of Association the Chairman and other Honorary Officers are nominated by the Executive Committee and serve for a period of one year, after which they are eligible for re-election. Trustees can be co-opted by the Executive Committee; newly co-opted trustees must retire at the next AGM, along with one third of the other trustees on a rotational basis, after which they are eligible for appointment or re-election by the members as appropriate.

CMSS has a board of trustees of up to fourteen members who meet on a monthly basis. The board includes the appointments of a chair, treasurer, and minutes’ secretary. During 2020, an Investment sub-committee was set up as part of the revised investment strategy

The trustees have appointed a Chief Executive Officer, Betty Morris, to oversee the overall activities of the charity. There is also a service manager, Naheed Judge, who is responsible for co-ordinating the day-to-day operational activities of the charity.

Most trustees are familiar with the work of the charity before appointment as a trustee. However, all new trustees will be invited to undergo a recruitment process prior to becoming a trustee of the charity and are inducted into the work of the charity and the responsibilities of the trustees.

Executive members step down on a rotational basis annually and are then subject to re-election. The Executive Committee must have a minimum of seven members and a maximum of fourteen members, and is accountable to the members of the society. Membership is open primarily to all people with disabilities, their parents, carers and those interested in the well-being of people with disabilities.

Arrangements for setting key management personnel remuneration

CMSS has set senior staff salaries by benchmarking against equivalent local authority positions. These are reviewed annually.

Major risks and management of those risks

The trustees have examined the major strategic, business and operational risks which the charity faces and have established systems to ensure that these risks can be monitored, reviewed and minimised. The principal risk identified by the charity is a possible reduction in future local authority referrals due to the financial constrainst upon local authorities. The charity is therefore seeking to review its service model to ensure it remains relevant and attractive to potential clients and local authorities who fund them. Internal control mechanisms are in place to minimise operational risks. Regular risk assessments are undertaken, and accidents, incidents and near misses are reported and monitored to continuously improve policies and procedures.

Financial instruments

Objectives and policies

The charity finances its operations through retaining a high level of cash and other reserves.

Cash flow risk

The charity maintains a high level of cash reserves to mitigate cash flow risk.

Page 4

CMSS

Trustees' Report

Credit risk

The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

Liquidity risk

The charity seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably.

Statement of trustees' responsibilities

The trustees (who are also the directors of CMSS for the purposes of company law) 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), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:

......................................... Mrs J Burton Trustee

Page 5

CMSS

Independent Auditor's Report to the Members of CMSS

Opinion

We have audited the financial statements of CMSS (the 'charity') for the year ended 31 March 2022, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 6

CMSS

Independent Auditor's Report to the Members of CMSS

Opinion on other matter prescribed by the Companies Act 2006

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of trustees' responsibilities (set out on page 5), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Page 7

CMSS

Independent Auditor's Report to the Members of CMSS

Our audit procedures were designed to provide reasonable assurance that they would detect irregularities, including non-compliance with relevant laws and regulations, and fraud. They included:

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Gianni Pietro Amasanti FCCA (Senior Statutory Auditor) For and on behalf of Sterling Grove Accountants Limited, Statutory Auditor

Fawley House 2 Regatta Place Marlow Road Bourne End Buckinghamshire SL8 5TD

Date:.............................

Page 8

CMSS

Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Investment income
5
Other income
6
Total Income
Expenditure on:
Charitable activities
7
Total Expenditure
Net expenditure
Transfer from/(to) revaluation reserve
Other recognised gains and losses
Gains/losses on revaluation of fixed assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
22		 Unrestricted
£
1,440
535,918
5,754
101,290
644,402
(805,153)
(805,153)
(160,751)
(14)
14
(160,751)
1,768,121
1,607,370		 Restricted
£
160
-
-
-
160
(5,781)
(5,781)
(5,621)
-
-
(5,621)
93,256
87,635		 Total
2022
£
1,600
535,918
5,754
101,290
644,562
(810,934)
(810,934)
(166,372)
(14)
14
(166,372)
1,861,377
1,695,005

The notes on pages 13 to 28 form an integral part of these financial statements. Page 9

CMSS

Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Investment income
5
Other income
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net expenditure
Transfer from/(to) revaluation reserve
Other recognised gains and losses
Gains/losses on revaluation of fixed assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
22		 Unrestricted
funds
£
180
370,344
10,912
227,029
608,465
(826,061)
(826,061)
(217,596)
(53)
53
(217,596)
1,985,717
1,768,121		 Restricted
funds
£
2,000
-
-
-
2,000
(4,870)
(4,870)
(2,870)
-
-
(2,870)
96,126
93,256		 Total
2021
£
2,180
370,344
10,912
227,029
610,465
(830,931)
(830,931)
(220,466)
(53)
53
(220,466)
2,081,843
1,861,377

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 22.

The notes on pages 13 to 28 form an integral part of these financial statements. Page 10

CMSS

(Registration number: 1402217) Balance Sheet as at 31 March 2022

Note
Fixed assets
Tangible assets
14
Investments
15
Current assets
Stocks
16
Debtors
17
Cash at bank and in hand
Creditors: Amounts falling due within one year
18
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
22
Unrestricted income funds
Revaluation reserve
Unrestricted Funds
Total unrestricted funds
Total funds
22		 2022
£
95,582
263
95,845
340
472,884
1,168,004
1,641,228
(41,805)
1,599,423
1,695,268
87,635
263
1,607,370
1,607,633
1,695,268		 2021
£
112,988
249
113,237
340
467,654
1,313,826
1,781,820
(33,431)
1,748,389
1,861,626
93,256
249
1,768,121
1,768,370
1,861,626

The financial statements on pages 9 to 28 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:

......................................... Mrs J Burton Trustee

The notes on pages 13 to 28 form an integral part of these financial statements. Page 11

CMSS

Statement of Cash Flows for the Year Ended 31 March 2022

Note
Cash flows from operating activities
Net cash expenditure
Adjustments to cash flows from non-cash items
Depreciation
Investment income
5
Working capital adjustments
(Increase)/decrease in debtors
17
Increase/(decrease) in creditors
18
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
5
Purchase of tangible fixed assets
14
Income from dividends
5
Net cash flows from investing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at 1 April
Cash and cash equivalents at 31 March		 2022
£
(166,372)
17,406
(5,754)
(154,720)
(5,230)
8,374
(151,576)
5,748
-
6
5,754
(145,822)
1,313,826
1,168,004		 2021
£
(220,466)
19,516
(10,912)
(211,862)
88,931
(34,323)
(157,254)
10,911
(6,270)
1
4,642
(152,612)
1,466,438
1,313,826

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 13 to 28 form an integral part of these financial statements. Page 12

CMSS

Notes to the Financial Statements for the Year Ended 31 March 2022

1 Charity status

The charity is limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £5 towards the assets of the charity in the event of liquidation.

The address of its registered office is: Fawley House 2 Regatta Place Marlow Road Bourne Emd Buckinghamshire SL8 5TD The principal place of business is: Wiltshire Lane Northwood Hills Pinner Middlesex HA5 2NB Authorised for issue date

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

CMSS 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 notes.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees have carefully considered the impact of Covid-19 on the company’s financial position, liquidity and future performance. As set out in the trustees report, the company has experienced an unprecedented impact on the company's trading and cash flow. Despite this, the trustees believe that the company is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Page 13

CMSS

Notes to the Financial Statements for the Year Ended 31 March 2022

Incoming resources from charitable activities

Fees from local authorities and fees received direct from clients relate to the provision of services provided by the Centre with respect to clients attending the Centre and other community based locations, and are recognised in the accounting period to which the fees relate on a receivable basis.

Deferred income consists of funds received in advance of related expenditure which is to be incurred in a later period, or set aside to cover expenditure arising in a later period which was previously expected to be incurred in the period in which the funds were received.

Donations and legacies

Voluntary income including donations, legacies and grants that provide core funding or are of a general nature is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Other trading activities

Fundraising income is recognised where there is entitlement, certainity of receipt and the amount can be measured with sufficient reliability.

Investment income

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Other income

Other income is recognised where there is entitlement, certainity of receipt and the amount can be measured with sufficient reliability.

Expenditure

Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.

Raising funds

These are costs incurred in attracting voluntary income.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Page 14

CMSS

Notes to the Financial Statements for the Year Ended 31 March 2022

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management, trustees’s meetings and reimbursed expenses and also including associated staff and depreciation costs.

Salary costs are allocated on a per capita basis between activities carried out by each staff member. Other costs are allocated directly.

The costs relating to rent, utilities, insurance, legal and professional fees, bank charges have been apportioned between charitable activities expenses and governance of the charity to reflect the proportion of office spaced used by governance related personnel as follows:

Charitable activities expenditure - 95% Governance of the charity - 5%

Government grants

Government grants are recognised under the accrual model of grant recognition. This model requires the grant to be classified as either a revenue-based grant or a capital-based grant.

Government grants are recognised in the profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £250 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Depreciation method and rate

Asset class Motor vehicles 10% straight line basis Furniture, fittings and equipment Evenly over 4 to 10 years Building and centre Evenly over 4 to 10 years

Page 15

CMSS

Notes to the Financial Statements for the Year Ended 31 March 2022

Fixed asset investments

Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

Stock

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).

Trade debtors

Trade debtors are amounts due from clients for services performed in the ordinary course of the charity's activities. Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of the charity's activities from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Page 16

CMSS

Notes to the Financial Statements for the Year Ended 31 March 2022

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

3 Income from donations and legacies

Donations and legacies;
Donations from individuals
Donations from community
groups		 Unrestricted
funds
General
£
1,440
-
1,440		 Restricted
funds
£
-
160
160		 Total
2022
£
1,440
160
1,600		 Total
2021
£
180
2,000
2,180

Page 17

CMSS

Notes to the Financial Statements for the Year Ended 31 March 2022

4 Income from charitable activities

Subscription
Fees
5
Investment income
Income from dividends;
Dividends received from listed investments
Interest receivable and similar income;
Interest receivable on bank deposits
6
Other income
Grants
Coronavirus job retention scheme		 Unrestricted
funds
General
£
185
535,733
535,918
Unrestricted
General
£
6
5,748
5,754
Unrestricted
funds
General
£
5,000
96,290
101,290		 Total
2022
£
185
535,733
535,918
Total
2022
£
6
5,748
5,754
Total
2022
£
5,000
96,290
101,290		 Total
2021
£
175
370,169
370,344
Total
2021
£
1
10,911
10,912
Total
2021
£
-
227,029
227,029

Page 18

CMSS

Notes to the Financial Statements for the Year Ended 31 March 2022

7 Expenditure on charitable activities

Unrestricted

Unrestricted
Note
Bank charges
Establishment costs
Repairs and
maintenance
Conductive
Education Costs
Clients training
Horticultural
expenditure
Sundry and other
costs
Cleaning
Motor expenses
Client fares, expenses
and meals
Advertising and
publicity
Social fund costs
Covid expenses
Depreciation,
amortisation and
other similar costs
Staff costs
Allocated support
costs
8
Governance costs
8
Legal, professional
and consultancy costs		 General
£
843
97,098
35,085
46,792
1,454
6,038
412
8,868
45,510
2,437
114
-
4,004
13,238
356,101
4,985
170,923
11,251
805,153		 Restricted
£
-
-
-
-
-
160
-
-
-
-
-
1,453
-
4,168
-
-
-
-
5,781		 Total
2022
£
843
97,098
35,085
46,792
1,454
6,198
412
8,868
45,510
2,437
114
1,453
4,004
17,406
356,101
4,985
170,923
11,251
810,934		 Total
2021
£
813
94,280
36,573
64,156
1,634
5,774
439
4,655
35,520
1,275
-
785
15,117
19,516
369,260
-
171,329
9,805
830,931

Page 19

CMSS

Notes to the Financial Statements for the Year Ended 31 March 2022

8 Analysis of governance and support costs

Governance costs

Staff costs
Wages and salaries
Social security costs
Pension costs
Audit fees
Audit of the financial statements
Other fees paid to auditors
Legal fees
Other governance costs		 Unrestricted
funds
General
£
101,177
10,202
3,797
5,760
8,281
2,512
39,194
170,923		 Total
2022
£
101,177
10,202
3,797
5,760
8,281
2,512
39,194
170,923		 Total
2021
£
102,451
10,335
3,797
5,760
7,741
2,512
38,733
171,329

9 Net incoming/outgoing resources

Net outgoing resources for the year include:

Audit fees

Depreciation of fixed assets

2022
£
5,760
17,406		 2021
£
5,760
19,516

10 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

Page 20

CMSS

Notes to the Financial Statements for the Year Ended 31 March 2022

11 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
Other staff costs		 2022
£
414,737
28,514
23,095
4,931
471,277		 2021
£
431,141
29,380
23,786
1,536
485,843

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

charity during the year expressed as full time equivalents was as follows:
Charitable activities
Governance		 2022
No
19
4
23		 2021
No
24
4
28

17 (2021 - 20) of the above employees participated in the Defined Contribution Pension Schemes.

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £147,103 (2021 - £147,868).

12 Auditors' remuneration

Audit of the financial statements
Other fees to auditors
All other non-audit services		 2022
£
5,760
8,281		 2021
£
5,760
7,741

Page 21

CMSS

Notes to the Financial Statements for the Year Ended 31 March 2022

13 Taxation

The charity is a registered charity and is therefore exempt from taxation.

14 Tangible fixed assets

14 Tangible fixed assets
Cost
At 1 April 2021
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Building and
Centre
£
308,654
308,654
253,773
8,228
262,001
46,653
54,881		 Fixtures,
fittings and
equipment
£
245,343
245,343
209,669
6,011
215,680
29,663
35,674		 Motor vehicles
£
176,888
176,888
154,455
3,167
157,622
19,266
22,433		 Total
£
730,885
730,885
617,897
17,406
635,303
95,582
112,988

Included within the net book value of land and buildings above is £nil (2021: £nil) in respect of freehold land and buildings and £46,653 (2021: £54,881) in respect of short leaseholds.

15 Fixed asset investments

15 Fixed asset investments
2022 2021
£ £
Other investments 263 249

Page 22

CMSS

Notes to the Financial Statements for the Year Ended 31 March 2022

Other investments

Listed
investments
£
Cost or Valuation
At 1 April 2021
249
At 31 March 2022
249
Provision for impairment
Charge for year
(14)
At 31 March 2022
(14)
Net book value
At 31 March 2022
263
At 31 March 2021
249
The market value of the listed investments at 31 March 2022 was £Nil (2021 - £249).		 Total
£
249
249
(14)
(14)
263
249

16 Stock

Stocks
17 Debtors
Trade debtors
Prepayments and accrued income		 2022
£
340
2022
£
109,136
363,748
472,884		 2021
£
340
2021
£
30,853
436,801
467,654

Prepayments and accrued income includes £338,333 (2021: £408,333) relating to prepaid rent. See note 19 for further details.

Page 23

CMSS

Notes to the Financial Statements for the Year Ended 31 March 2022

18 Creditors: amounts falling due within one year

Trade creditors
Other taxation and social security
Accruals and deferred income		 2022
£
17,446
8,629
15,730
41,805		 2021
£
10,418
8,169
14,844
33,431

19 Obligations under leases and hire purchase contracts

Operating lease commitments

The trustees signed a new 10 year lease on 1 February 2017. The rent payable for the lease period was paid in advance in full therefore there is no financial commitment in this respect at the balance sheet date. Included within prepayments is £338,333 (2021: £408,333) for rent paid in advance, with £70,000 recoverable within one year and £268,333 recoverable after more than one year.

The value of non-cancellable operating lease payments recognised as an expense during the year was £70,000 (2021: £70,000).

20 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £23,095 (2021 - £23,786) and this expense has been allocated in full to unrestricted funds on the basis that it relates entirely to the running of the centre.

21 Reserves

At 1 April 2021
Unrealised gain on investments
At 31 March 2022
At 1 April 2021
Unrealised gain on investments
At 31 March 2022		 Unrestricted
revaluation
reserve
£
249
14
263
Unrestricted
revaluation
reserve
£
196
53
249		 Total
£
249
14
263
Total
£
196
53
249

Page 24

CMSS

Notes to the Financial Statements for the Year Ended 31 March 2022

22 Funds

Unrestricted funds
General
Unrestricted fund
Revaluation reserve
Designated
Motor vehicle replacement
fund
Capital expenditure fund
Building development and
maintenance fund
Pension fund
Building future needs fund
New initiatives fund
Conductive education fund
Total unrestricted funds
Restricted funds
Social fund
Memorial fund
Parkinsons fund
Garden fund
Total restricted funds
Total funds		 Balance at 1
April 2021
£
734,098
249
734,347
80,000
100,000
175,000
60,000
500,000
64,000
55,023
1,034,023
1,768,370
11,777
21,562
50,000
9,917
93,256
1,861,626		 Incoming
resources
£
644,402
-
644,402
-
-
-
-
-
-
-
-
644,402
-
-
-
160
160
644,562		 Resources
expended
£
(805,153)
-
(805,153)
-
-
-
-
-
-
-
-
(805,153)
(1,453)
(3,230)
-
(1,098)
(5,781)
(810,934)		 Other
recognised
gains/(losses)
£
-
14
14
-
-
-
-
-
-
-
-
14
-
-
-
-
-
14		 Balance at
31 March
2022
£
573,347
263
573,610
80,000
100,000
175,000
60,000
500,000
64,000
55,023
1,034,023
1,607,633
10,324
18,332
50,000
8,979
87,635
1,695,268

Page 25

CMSS

Notes to the Financial Statements for the Year Ended 31 March 2022

Unrestricted funds
General
Unrestricted fund
Revaluation reserve
Designated
Motor vehicle replacement
fund
Capital expenditure fund
Building development and
maintenance fund
Pension fund
Building future needs fund
New initiatives fund
Conductive education fund
Total unrestricted funds
Restricted
Social fund
Memorial fund
Parkinsons fund
Garden fund
Total restricted funds
Total funds		 Balance at 1
April 2020
£
951,694
196
951,890
80,000
100,000
175,000
60,000
500,000
64,000
55,023
1,034,023
1,985,913
12,562
24,792
50,000
8,772
96,126
2,082,039		 Incoming
resources
£
608,465
-
608,465
-
-
-
-
-
-
-
-
608,465
-
-
-
2,000
2,000
610,465		 Resources
expended
£
(826,061)
-
(826,061)
-
-
-
-
-
-
-
-
(826,061)
(785)
(3,230)
-
(855)
(4,870)
(830,931)		 Other
recognised
gains/(losses)
£
-
53
53
-
-
-
-
-
-
-
-
53
-
-
-
-
-
53		 Balance at
31 March
2021
£
734,098
249
734,347
80,000
100,000
175,000
60,000
500,000
64,000
55,023
1,034,023
1,768,370
11,777
21,562
50,000
9,917
93,256
1,861,626

Page 26

CMSS

Notes to the Financial Statements for the Year Ended 31 March 2022

The specific purposes for which the funds are to be applied are as follows:

Social Fund

The social fund has been established to allow clients of the centre the opportunity to go on holidays and to enjoy other social activities.

Sensory Room Fund

The sensory room fund was established from specific donations towards the costs of providing a sensory room within the centre for the clients' enjoyment and benefit.

Memorial Fund

The memorial fund was established from specific donations towards the costs of a lasting memorial at the centre for two former clients.

Parkinsons Fund

The Parkinsons fund has been established from specific donations towards the costs of providing conductive education and other activities for Parkinsons sufferers within the centre.

Garden Fund

The Garden fund was established from a specific donations towards the cost of improving the garden area.

23 Analysis of net assets between funds

23 Analysis of net assets between funds
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
73,475
263
1,575,700
(41,805)
1,607,633
Unrestricted
funds
General
£
86,713
249
1,713,441
(32,033)
1,768,370		 Restricted
funds
£
22,107
-
65,528
-
87,635
Restricted
funds
£
26,275
-
68,379
(1,398)
93,256		 Total funds at
31 March
2022
£
95,582
263
1,641,228
(41,805)
1,695,268
Total funds at
31 March
2021
£
112,988
249
1,781,820
(33,431)
1,861,626

Page 27

CMSS

Notes to the Financial Statements for the Year Ended 31 March 2022

24 Analysis of net funds

24 Analysis of net funds
Cash at bank and in hand
Net debt
Cash at bank and in hand
Net debt		 At 1 April
2021
£
1,313,826
1,313,826
At 1 April
2020
£
1,466,438
1,466,438		 At 31 March
2022
£
1,313,826
1,313,826
At 31 March
2021
£
1,466,438
1,466,438

Page 28