**Charity registration number 507063**
**WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Ms J Dewis-Wood Mrs O Byhurst Mrs N Morris Mr M Greenway **Charity number** 507063 **Principal address** 183 Queens Road Nuneaton Warwickshire United Kingdom CV11 5NB **Independent examiner** Azets Audit Services 3Mc Middlmarch Business Park Siskin Drive Coventry United Kingdom CV3 4FJ
## **WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 15|
## **WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 31 MARCH 2023**_
The trustees present their annual report and financial statements for the year ended 31 March 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, 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 charity's objects are (a) to promote the preservation of mental health and to assist on relieving and rehabilitating persons suffering from mental disorder or conditions of emotional or mental distress requiring advice or treatment without distinction of race, gender, disability, sexual orientation or religion; (b) advancing education and raising awareness in equality and diversity.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
WSIP has continued to support it's members through this financial period.
The membership is made up of people who have a severe or enduring Mental Health problem and live in the community and rely on the service to maintain friendships and engage in positive activities.
Post Covid has presented many people with issues and some form of Mental Health problems and this has increased the attendees and people seeking information, guidance and reassurance. As an all inclusive service we have an open door policy in order to meet individual needs.
## Activities include
Cooking gardening karaoke quizzes bingo and board games.
## **Financial review**
The financial statements show a surplus for the year of £8,366 (2022- deficit of £22,412).
At the balance sheet date total reserves was £25,430 (2022 - £17,064) of which restricted funds was £2,278 (2022 - £3,102)
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.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The charity is controlled by its governing documents. The charity was registered on 1st October 1961. The constitution was adopted 9 February 1973 as amended 3rd October 1989 as amended 14 January 2009.
The trustees who served during the year and up to the date of signature of the financial statements were: Ms J Dewis-Wood
Mrs O Byhurst Mrs N Morris Mr M Greenway
New Trustees are recruited and appointed as required following consultation of the Board of Trustees.
- 1 -
**Draft Financial Statements at 16 August 2024 at 15:53:21 WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
Trustees currently meet annually on a formal basis, although there is regular informal contact between some Trustees on matters arising on a day to day basis. The formal meeting deals with such matters as the Board of Trustees, the review and approval of the financial statements of the Charity.
The trustees' report was approved by the Board of Trustees.
.............................. Mr M Greenway **Trustee**
21/08/2024 Date: .............................................
- 2 -
**Draft Financial Statements at 16 August 2024 at 15:53:21 WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
I report to the trustees on my examination of the financial statements of Warwickshire Social Inclusion Partnership (the charity) for the year ended 31 March 2023.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 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.
Robert Anderson FCA Azets Audit Services
3Mc Middlemarch Business Park Siskin Drive Coventry CV3 4FJ United Kingdom
Dated: .........................
- 3 -
## **WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2023**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income from:**
Donations and
legacies
**2**
18,018
3,298
Charitable activities
**3**
6,955
-
Investments
**4**
6
-
**Total income**
24,979
3,298
**Expenditure on:**
Raising funds
**5**
-
-
Charitable activities
**6**
15,789
4,122
**Total expenditure**
15,789
4,122
Gross transfers
between funds
-
-
**Net income/(expenditure)**
**for the year/**
**Net movement in funds**
9,190
(824)
Fund balances at 1 April
2022
13,962
3,102
**Fund balances at 31**
**March 2023**
23,152
2,278|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2022**
**2022**
**£**
**£**
**£**
21,316
57,449
35,130
6,955
-
-
6
-
-
28,277
57,449
35,130
-
29,457
-
19,911
43,006
42,528
19,911
72,463
42,528
-
(500)
500
8,366
(15,514)
(6,898)
17,064
29,476
10,000
25,430
13,962
3,102|**Total**
**2022**
**£**
92,579
-
-
92,579
29,457
85,534
114,991
-
(22,412)
39,476
17,064|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 4 -
## **WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2023**_
|**Notes**
**Fixed assets**
Tangible assets
**11**
**Current assets**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**14**
Unrestricted funds
Designated funds
General unrestricted funds|**2023**
**£**
1,219
25,232
26,451
(3,390)
15,000
8,152|**£**
2,369
23,061
25,430
2,278
23,152
25,430|**2022**
**£**
1,086
18,908
19,994
(6,573)
15,000
(1,038)|**£**
3,643
13,421|
|---|---|---|---|---|
|||||17,064|
|||||3,102
13,962|
|||||17,064|
The financial statements were approved by the Trustees on .........................
.............................. Mr M Greenway **Trustee**
- 5 -
## **WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **1 Accounting policies**
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], 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 charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 6 -
## **WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
The resources expended are allocated to the particular activity where the cost relate directly to that activity. Where costs are attributable to more than one activity, they have been apportioned across the costs categories on a basis consistent with the use of these resources.
## **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
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.
- 7 -
## **WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **1 Accounting policies**
**(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
- 8 -
## **WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **2 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
Donations and gifts
3,000
-
Grants
15,018
3,298
18,018
3,298|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2022**
**2022**
**£**
**£**
**£**
3,000
5,400
-
18,316
52,049
35,130
21,316
57,449
35,130|**Total**
**2022**
**£**
5,400
87,179|
|---|---|---|
|||92,579|
- 9 -
## **WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
|**3**|**Charitable activities**|||
|---|---|---|---|
|||**2023**|**2022**|
|||**£**|**£**|
||Charitable rental income|6,955|-|
|**4**
**5**|**Investments**
**Unrestricted**
**Total**
**funds**
**2023**
**2022**
**£**
**£**
Interest receivable
6
-
**Raising funds**
**Total Unrestricted**
**funds**
**2023**
**2022**
**£**
**£**
Fundraising and publicity
Seeking donations, grants and legacies
-
29,457
Fundraising and publicity
-
29,457
-
29,457|**Total**
**2022**
**£**
-|
|---|---|---|
|||29,457|
|||29,457|
- 10 -
## **WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **6 Charitable activities**
|Depreciation and impairment
Travel and volunteer expenses
Social and therapeutic activities
Training and support
Computer and website
Sundries
Room rental
Share of support costs (see note 7)
Share of governance costs (see note 7)
**Analysis by fund**
Unrestricted funds
Restricted funds|**2023**
**£**
1,274
932
62
4,323
1,610
216
-
8,417
6,119
5,375
19,911
15,789
4,122
19,911|**2022**
**£**
1,328
1,655
5,074
35,589
2,652
249
3,200|
|---|---|---|
|||49,747
27,896
7,891|
|||85,534|
|||43,006
42,528|
|||85,534|
- 11 -
## **WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **7 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Printing, postage and
stationery
173
-
Telephone and internet
1,180
-
Public liability insurance
378
-
Rent & rates
1,510
-
Repairs & maintenance
1,920
-
Light & Heat
958
-
Legal and professional
-
3,680
Miscellaneous
-
-
Trustees insurance
-
1,695
Grant management
-
13,064
6,119
18,439
Analysed between
Fundraising
-
-
Charitable activities
6,119
5,375
6,119
5,375|**2023**Support costs Governance
costs
**£**
£
£
173
450
-
1,180
1,024
-
378
493
-
1,510
1,121
-
1,920
22,042
-
958
2,766
-
3,680
-
2,557
-
-
4,152
1,695
-
1,182
13,064
-
-
24,558
27,896
7,891
-
-
29,457
11,494
27,896
7,891
11,494
27,896
37,348|2022
£
450
1,024
493
1,121
22,042
2,766
2,557
4,152
1,182
-|
|---|---|---|
|||35,787|
|||29,457
35,787|
|||65,244|
Governance costs includes payments to the Independent examiner of £1,300 for examiners fees.
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration during the year, but one of them were reimbursed a total of £128 travelling expenses (2022- one were reimbursed £152).
## **9 Employees**
The average monthly number of employees during the year was:
||**2023**|**2022**|
|---|---|---|
||**Number**|**Number**|
|Total|-|-|
There were no employees whose annual remuneration was more than £60,000.
## **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.
- 12 -
## **WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2023**_
|**11**
**Tangible fixed assets**
**Cost**
At 1 April 2022
At 31 March 2023
**Depreciation and impairment**
At 1 April 2022
Depreciation charged in the year
At 31 March 2023
**Carrying amount**
At 31 March 2023
At 31 March 2022
**12**
**Debtors**
**Amounts falling due within one year:**
Prepayments and accrued income
**13**
**Creditors: amounts falling due within one year**
Trade creditors
Accruals and deferred income|**Fixtures and fittings**
**£**
12,916
12,916
9,273
1,274
10,547
2,369
3,643
**2023**
**2022**
**£**
**£**
1,219
1,086
**2023**
**2022**
**£**
**£**
1,620
4,773
1,770
1,800
3,390
6,573|**Fixtures and fittings**
**£**
12,916
12,916
9,273
1,274
10,547
2,369
3,643
**2023**
**2022**
**£**
**£**
1,219
1,086
**2023**
**2022**
**£**
**£**
1,620
4,773
1,770
1,800
3,390
6,573|
|---|---|---|
|||12,916|
|||9,273
1,274|
|||10,547|
|||2,369|
|||3,643|
|||**2022**
**£**
1,086|
|||**2022**
**£**
4,773
1,800|
|||6,573|
- 13 -
## **WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **14 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|||**Movement in funds**|**Movement in funds**|||**Movement in funds**|**Movement in funds**|||
|---|---|---|---|---|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**|**Transfers**|**Balance at**|**Incoming**|**Resources**||**Balance at**|
||**1 April 2021**|**resources**|**expended**||**1 April 2022**|**resources**|**expended**|**31**|**March 2023**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**||**£**|
|Awards For All|10,000|-|(10,000)|-|-|-|-||-|
|Severn Trent|-|9,300|(9,800)|500|-|-|-||-|
|Coalfields|-|9,919|(7,966)|-|1,953|-|(1,953)||-|
|Groundwork|-|15,911|(14,762)|-|1,149|3,299|(2,170)||2,278|
||10,000|35,130|(42,528)|500|3,102|3,299|(4,123)||2,278|
- 14 -
## **WARWICKSHIRE SOCIAL INCLUSION PARTNERSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2023**_
|**15**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2023**
**2023**
**£**
**£**
Fund balances at 31
March 2023 are
represented by:
Tangible assets
2,369
-
Current assets/(liabilities)
20,783
2,278
23,152
2,278|**Total Unrestricted**
**funds**
**Restricted**
**funds**
**2023**
**2022**
**2022**
**£**
**£**
**£**
2,369
3,643
-
23,061
10,319
3,102
25,430
13,962
3,102|**Total**
**2022**
**£**
3,643
13,421|
|---|---|---|
|||17,064|
## **16 Related party transactions**
There were no disclosable related party transactions during the year (2022 - none).
- 15 -