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2021-03-31-accounts

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S.A.D.A.C.C.A Limited - Charities report - 21.2

REGISTERED COMPANY NUMBER: 02452636 (England and Wales) REGISTERED CHARITY NUMBER: 702393

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2021

for

S.A.D.A.C.C.A Limited

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S.A.D.A.C.C.A Limited

Contents of the Financial Statements for the year ended 31 March 2021

Page
Report of the Trustees 1 to 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Notes to the Financial Statements 14 to 20
Detailed Statement of Financial Activities 21 to 22

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S.A.D.A.C.C.A Limited

Report of the Trustees for the year ended 31 March 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

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S.A.D.A.C.C.A Limited

Report of the Trustees for the year ended 31 March 2021

OBJECTIVES AND ACTIVITIES Objectives and aims

Mission

SADACCA Riverside Renaissance:

-To be the cultural hub of a socially inclusive space that caters to the needs of people from the African Caribbean communities.

-Acts as an anchor organization serving the needs of the communities in the Riverside and Wicker as a bridge between the Heart of the City and the emerging International Business Corridor.

-To re-establish voice and influence in the city for those have feel they have been marginalized and excluded from the life of the City.

-To reestablish support and services that caters to the intergenerational needs is a culturally accepted safe space in the city for Communities.

-To deliver first class customer service in all areas of delivery: domiciliary care, employment and enterprise, sports and culture, young people engagement, music and arts, health and wealth being, co-working and collaborative working space for startups.

Vision and value

To imbed a culture of transparency, efficiency into a citywide anchor organization serving the needs of African and Caribbean communities as well as for the benefit of all communities to the betterment of the city of Sheffield.

Values we will adhere to:

-Fairness in our approach,

-Uplifting and empowering those we serve,

-Positively and proactively engaging with all our stakeholders,

-Reestablishing and enhancing our partnerships,

-Restoring pride in an inclusive space as envisioned by our founding pioneers.

Unique Value Proposition

SADACCA will be taking a three-pronged approach based on a methodology rooted in social action and justice as follows:

-locality development framework bringing together a range of stakeholders;

-social planning model bringing focused on community led development of addressing the issues faced by communities from the African and Caribbean communities;

-social action model to bring about transformative change that has social justice, democratic process and engagement at the heart of its approach as an organization.

Strategic Priorities

-Reduce the debt to nil of the organization and shift to a profit making and efficient entity within the next 5 years.

-To buy out right the building from or extend the lease for another 25years for the SCC.

-To increase the staff team within the organizations.

-To refurbish and redesign the building fit for purpose for the realization of these development plans.

-To be at 90% occupancy all available rooms and space for rent.

-To increase the team taking forward the actions required to realize all of the above.

Roles and Responsibilities of the Development Program

SADACCA development plan will focus on several aspects as follows;

-Raising funds.

-Developing relationships and connecting people who passions align with our vision and mission.

-Identifying the roles within a development program include connectors, who tie together people and causes; experts, who speak knowledgeably and passionately about the mission of our organization.

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S.A.D.A.C.C.A Limited

Report of the Trustees for the year ended 31 March 2021

-Bringing inhouse the expertise of knowledgeable people to take forward the vision of the organization. -Seeking external stakeholders to align with the shared vision.

-Identifying sources of revenue and fundraising to realise shared vision.

Environmental Conditions

SADACCA founds itself at the sharp end of cutbacks and austerity that hit many organizations across the city, but the impact of which was felt more profoundly by the communities it serves. Due to lack of capacity and lack of oversight in preparing for and mitigating the worse of the impact of austerity and cuts back and errors done by those in previous management, SADACCA found itself at the mercy of many internal and external factors that almost brought it to the brink of closure. The new management team under the directorship of Rob Cotterell, Olivier Tsemo and Rob Walcott embarked on an ambitious plan to restore SADACCA to its rightful place in the city as a valued and inclusive space for use by communities. SADACCA has undergone many changes in the last 6 years. This has involved reducing the overall debt of the organisation. Focusing on key aspects of governance, quality assurance, internal financial controls and better management of existing tenants, as well reviewing of all stakeholder engagement taking place with the organisation.

The trustees believe that through the completion of the charities objectives the charity is acting for the public benefit. Guidance from the Charity Commission on fulfilling the charities obligations to be for the public benefit has been recieved by the trustees and forms a key part of the ongoing governance of the charity.

A summary of of the main activities undertaken to further the charitable purposes for the public benefit and the main achievements of the charity during the year are presented under the heading "Achievement and Performance".

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S.A.D.A.C.C.A Limited

Report of the Trustees for the year ended 31 March 2021

ACHIEVEMENT AND PERFORMANCE

Charitable activities

SADACCA plays two critical roles within Sheffield. Firstly, it acts as a local delivery agent for public services within the projects it undertakes, for example the Access Support Services and the Young Peoples Programme. Secondly, its core activities has a vital role in community cohesion in Sheffield.

1. Voice and Influence

SADACCA undertakes a range of activities to support the African/Caribbean community, some of which are project based addressing specific needs.

SADACCA plays a critical role in community cohesion in Sheffield, which has a growing Black community. It ensures that the African/Caribbean community feels included in decision making and truly heard. National research has identified that engagement in existing statutory consultations and indeed public life, is typically low for Black Communities and in particular the African/Caribbean community.

Public agencies and partnerships must engage Black communities in planning services since it allows them to identify what they feel are barriers to access and discuss potential solutions. SADACCA`s role as a specialist organisation representing the African/Caribbean community and its descendants in the engagement agenda is to act as a facilitator in giving individual users the empowerment tools they need in order to engage in policy and service planning. We also act as a voice for users themselves. Not everyone wants to be involved directly in planning statutory services but they are willing to give their views to SADACCA who they know and trust so that we can get involved on their behalf.

1. Access Support Services/Day-Care Centre.

Our aim is to ensure that the African/ Caribbean Community in Sheffield need of support can expect services that will:-

a) Promote and sustain independence and well being

b) Promote enablement

c) Support rehabilitation

f) Support carers

g) Integrate individuals with Neighbourhoods and the wider community if this is their choice

The service has received its Registration Certificate from the Care Quality Commission and is now eligible to deliver Home Support.

Services

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S.A.D.A.C.C.A Limited

Report of the Trustees for the year ended 31 March 2021

2. Men's Group

The Group’s aim is to improve the quality of life of older people especially African Caribbean men through the promotion of education, health and leisure-time activities.

The Mens Group continue to meet weekly and have hosted visitors from various towns and cities in the UK as well as visiting towns and cities playing league dominos.

They have supported SADACCA by hosting raffles, fundraising and hosting events.

  1. 2nd Step Caribbean Women's Group Agewell

The group continue to meet for social and educational purposes Approximately 16 women present at each meeting. The ages of the ladies range from around 50 to 90.

4. Sheffield Busy Fingers Group

The aim of the Sheffield Busy Fingers Group is to act as a Woman led co-operative offering training in garment and soft furnishing production.

Over the course of the year the Group has achieved the following:-

• meetings with a cohort of approximately 10 regular users. It also developed as a vehicle for friendships and mutual support.

5. CHOW

Caribbean Health and Well-being Group meets in SADACCA for events such as the following:

6. International Cultural Day.

This is an event which started in August 2005. By organising the event, SADACCA with the support of its partners from local community organisations and agencies seeks to promote cultural diversity, tolerance, community harmony and assist in the integration of new arrivals to the city of Sheffield.

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S.A.D.A.C.C.A Limited

Report of the Trustees for the year ended 31 March 2021

Aims and Objectives;

The International Community Cultural Day (ICCD) Event Objectives are to:

  1. Provide an opportunity for Sheffield communities to view and appreciate the norms and values of other cultures.

  2. Attract different cultures/nationalities to display and exhibit aspects of their culture on the day of the event.

  3. Promote cultural diversity and tolerance, community harmony and assist in the integration of new arrivals to the city.

  4. Assist in the preservation of cultural values for future generations of different community groups.

7. Service Users

SADACCA is used by a variety of people throughout the year, including those of varying backgrounds. It is truly a hub for all of the local community to use.

SADACCA is undertaking continuous audit and analysis of information received from service users to plan future projects and services to address the needs of the community.

Services provided include; -Funeral reception services provided -Birthday party services provided -Christening services provided

-Meetings and conference facilities provided for groups and individuals

-Sign posting individuals to appropriate mainstream agencies

8. Volunteering

The fundraising work of SADACCA is carried out by a number of volunteers from the Women’s Group and the Men’s Group.

• During the year we have seen an increase in Volunteer registered to contribute their time and skill assisting SADACCA to provide services to the community.

• Promoting volunteering has become a core function; we have done this by advertising, by highlighting the work of volunteers and recognising their efforts.

• We have started reviewing our volunteer programme and updating policy and procedure, volunteer handbook induction and support and training staff.

We are very thankful to those who have registered their volunteering interest with SADACCA.

9. External Groups Supported

-Supported Shebeen Project access members of the African Caribbean community through joint health and well being information awareness sessions.

-Jamaica Society Group, through the provision of space and access to basic amenities

-Caribbean Sports Club, through access to meeting space

-Sheffield Caribbean Carnival Group, through access to meeting space

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S.A.D.A.C.C.A Limited

Report of the Trustees for the year ended 31 March 2021

-Sheffield Guyana Association, through access to meeting space -Sheffield Mauritius Society, through access to meeting space

10. COVID-19

The pandemic has had a negative effect on the Charity, and sadly resulted in the death of some of those individuals who used SADACCA day care services. The Charity has however used the pandemic to re-assess its service delivery, and has innovated, in line with Government guidelines, to continue to provide its services to the local community.

11. Sheffield City Council and other local stakeholders

SADACCA has continued to work with Sheffield City Council, a major stakeholder. The relationship between the parties was poor going back around 6 years, but now the relationship between the parties is good, with both parties now working together for the benefit of the local community.

Good relationships are also had with other local stakeholders such as University of Sheffield, Sheffield Hallam University, and NHS.

12. Leadership

Under the leadership of Olivier Tsemo for 7 days a week for the last 6 years, the Charity has seen many improvements across all areas in which it is involved. Olivier, who chairs various community organisations, and can therefore draw on an extensive bank of contacts who can help SADACCA meet short term and long term goals, has been instrumental in improving not only the performance of the Charity, but also in improving the lives of those in the local community.

FINANCIAL REVIEW

Principal funding sources

To achieve most of our aims set out in the Development Plan we will have to continue to generate funds from various charitable institutions. We will have to rely on the continued assistance of volunteers to aid in the workload of the charity because income does not allow us to employ staff to cover all of the areas. The efforts made by all volunteers, of all backgrounds, to assist in the progress of the charity are greatly appreciated, particularly those who have not only given their time for free, but have also donated funds to the charity.

Investment policy and objectives

Under the Memorandum and Articles of Association, the charity has the power to make any investment which the trustees see fit.

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S.A.D.A.C.C.A Limited

Report of the Trustees for the year ended 31 March 2021

FINANCIAL REVIEW

Reserves policy

Due to the nature of how the charity operates on a project by project basis, the charity's reserves policy is to maintain funds either held as reserves, or secured and agreed with funders, that are sufficient to enable the charities project to be completed successfully.

It is the policy of the charity that project funding is obtained or agreed prior to any particular charitable activity commencing. Reserves should therefore be held which are sufficient to meet the funding requirements outstanding on the charity's activities at any particular given time, less any amounts that have been agreed but not yet received. Due to the nature of the charity's funding and funders restrictions on how it may be applied, the charity is usually only able to maintain minimal 'general' monetary reserves.

In 2020 the Charity had positive reserves of £180,931 in the overall fund, partly as a result of the CVA process, including £237,377 in the restricted fund . This year overall reserves have increased to £256,931, including £228,617 in the restricted fund.

Going concern

The Trustees engaged Insolvency Practitioners for the purposes of proposing a Company Voluntary Arrangement to reduce the level of the deficit in the unrestricted fund. This was lodged with the Court on 18 December 2018.

The charity spent more money than it received in both 2017 and 2018. However, in 2019 as a result of the CVA process the Charity no longer had net liabilities in the unrestricted fund, and this has continued to be the case in 2020 and 2021.

The Trustees believe that in negotiating the acquisition of the building they will be able to fund the continuation of the charity into the future.

FUTURE PLANS

Our objectives for the next year are:

To acquire, hold, maintain, administer and deal with certain land and buildings (hereinafter called 'the Property') and to layout, provide for and maintain in good order the Property and to provide such renewals and additions as may from time to time become necessary to maintain and improve the amenities of the Property, including making such contributions to any common roads, pathways, grounds and communal garden areas, placing and maintaining of policies of insurance in respect of all parts of the Property against loss or damage btl fire, storm or tempest or special perils normally included in the Property Owners Liability policies and placing and maintaining of policies of insurance against all Third Party Claims and all such other policies of insurance as shall be considered necessary or desirable or fit.

Also to:

a) Continue to meet with Sheffield City Council Councillors and staff in order to work in partnership to develop a business plan and to gain an asset transfer of 48 Wicker (SADACCA) to the African Caribbean Community b) Continue the development of the Health Strategy for the community

c) Develop a publicity and marketing strategy to sell SADACCA and its business to the wider community and beyond.

d) Develop a fundraising strategy for the organisation

e) Manage the charity's finances in a more responsible way, hopefully assisted by the proposed Company Voluntary Arrangement

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S.A.D.A.C.C.A Limited

Report of the Trustees for the year ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

S.A.D.A.C.C.A Limited is a registered charity, (Charity number: 702393), and a company limited by guarantee, (Company number: 2452636).

The charity was incorporated on 14th December 1989 and is governed by its Memorandum and Articles of Association. All powers of management and control are vested in the charity's management committee.

Operation and Performance of Management Committee

The management of the charities affairs is carried out by the committee which is composed of the officers of the charity and up to ten members elected by and from the council, together with such persons which may be coopted. The number of co-opted persons shall not exceed one third of the number of elected members of the committee. The council meets at least twice a year and directs the policy and overall management of the affairs of the charity. The council consists of representatives of affiliated group members,

Ten ordinary individual S.A.D.A.C.C.A Limited members, two 'youth representative' S.A.D.A.C.C.A Limited members and the officers of the charity. The day to day management of the charity is delegated to the charity's coordinator, but all major expenditure is approved by the committee.

The trustees meet regularly to formulate general policy. They are ultimately responsible for the day to day management of the charity, including the appointment and discharge of staff, the making, enforcing and altering rules, and are the authority for all expenditure. There is no formal recruitment policy for Trustees and Trustees are elected or re-elected annually by the charities membership, as detailed in the organisations constitution. Newly appointed trustees are offered support and 'on the job' training from previously experienced trustees and are given the opportunity to attain any further training thought required.

The income and property of the charity shall be applied solely towards the promotion of its objects as set forth in the Memorandum and Articles of Association. No portion thereof shall be paid or transferred, directly or indirectly by way of a dividend, bonus or otherwise howsoever by the way of profit, to members of the charity. No member of the charity committee shall be appointed to any office of the charity paid by salary or fees. Neither shall they receive any remuneration or other benefit in money or kind from the charity.

The charity has the power to invest its monies not immediately required for its objects in or upon such investments, securities or property as may be thought fit. The charity shall take or hold any property which may be subject to any trusts. The charity shall only deal with or invest the same in such a manner as allowed by law, having regard to such trusts.

Organisational structure

The trustees, who are also directors for the purpose of company law, and who served during the year are as described on page 10.

None of the trustees have any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The board has the power to appoint additional trustees as it considers fit.

The charity paid insurance during the year indemnifying the Trustees and officers for any liabilities resulting from legal action.

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S.A.D.A.C.C.A Limited

Report of the Trustees for the year ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Related parties

S.A.D.A.C.C.A Limited has one related company, Sadacca Development Limited.

Over the year these services included a social club and restaurant and have benefited S.A.D.A.C.C.A Limited members, local people and visitors from other cities.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 02452636 (England and Wales)

Registered Charity number

702393

Registered office

48 The Wicker Sheffield South Yorkshire S3 8JB

Trustees

R D Walcott R Cotterell

Company Secretary

O Tsemo

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 20 December 2021 and signed on its behalf by:

O Tsemo - Secretary

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S.A.D.A.C.C.A Limited

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 March 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Charitable activity costs
Other trading activities
2
Total
EXPENDITURE ON
Raising funds
Charitable activities
Charitable activity costs
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
62,631
97,499
139,710
299,840
107,234
107,846
215,080
84,760
(56,446)
28,314		 Restricted
funds
£
-
-
-
-
-
8,760
8,760
(8,760)
237,377
228,617		 2021
Total
funds
£
62,631
97,499
139,710
299,840
107,234
116,606
223,840
76,000
180,931
256,931		 2020
Total
funds
£
53,420
10,250
25,223
88,893
6,166
73,092
79,258
9,635
171,296
180,931

The notes form part of these financial statements

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S.A.D.A.C.C.A Limited

Balance Sheet 31 March 2021

Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
10
Unrestricted funds
Restricted funds:
Designated Funds
TOTAL FUNDS		 Unrestricted
fund
£
113
11,563
50,506
62,069
(33,868)
28,201
28,314
28,314		 Restricted
funds
£
228,617
-
-
-
-
-
228,617
228,617		 2021
Total
funds
£
228,730
11,563
50,506
62,069
(33,868)
28,201
256,931
256,931
28,314
228,617
256,931		 2020
Total
funds
£
237,528
-
507
507
(57,104)
(56,597)
180,931
180,931
(56,446)
237,377
180,931

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

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S.A.D.A.C.C.A Limited

Balance Sheet - continued 31 March 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 20 December 2021 and were signed on its behalf by:

R D Walcott - Trustee

The notes form part of these financial statements

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S.A.D.A.C.C.A Limited

Notes to the Financial Statements for the year ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The Trustees believe that in negotiating the acquisition of the building they will be able to fund the continuation of the charity into the future.

The Charity is currently under a Company Voluntary Arrangement. This was lodged with the Court on 18 December 2018.

For these reasons the accounts have been prepared on a going concern basis.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

It is the policy of the charity to apportion 30% of wages costs and 20% of general admin overheads to governance costs. Other specific governance costs are classified as such.

Tangible fixed assets

Depreciation is provided for at the following annual rates in order to write off the cost less any estimated residual value of each asset over its estimated useful life:

Land & Buildings - 2% straight line basis Fixtures & Fittings - 20% straight line basis Motor vehicles - 25% reducing balance basis

Any item deemed to have a useful life of at least 1 year is considered for capitalisation. The charity does not use a de minimis threshold for the purposes of identifying fixed asset additions.

As at the 31 March 2021 the estimated residual value of the buildings held under a short leasehold was £170,400 (2020 £170,400).

Taxation

The charity is exempt from corporation tax on its charitable activities.

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S.A.D.A.C.C.A Limited

Notes to the Financial Statements - continued for the year ended 31 March 2021

1. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Grants

Grants are included on an accruals basis.

2. OTHER TRADING ACTIVITIES

Fundraising events 2021
£
139,710		 2020
£
25,223

The charity provides care services, meals and a catering service within the community to supplement the general funds of the charity. In the year ended 31 March 2021 income of £139,710 (2020 - £25,223) was generated from fundraising activities, with £107,234 (2020 - £6,166) of costs being related to the generation of these funds.

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets 2021
£
8,798		 2020
£
8,848

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

continued...

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S.A.D.A.C.C.A Limited - Charities report - 21.2

S.A.D.A.C.C.A Limited

Notes to the Financial Statements - continued for the year ended 31 March 2021

4. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses

Reimbursed expenses incurred while carrying out charity business for the year was £Nil (2020 - £Nil)

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

6.

2021
Total
9
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
53,420
-
Charitable activities
Charitable activity costs
10,250
-
Other trading activities
25,223
-
Total
88,893
-
EXPENDITURE ON
Raising funds
6,166
-
Charitable activities
Charitable activity costs
64,295
8,797
Total
70,461
8,797
NET INCOME/(EXPENDITURE)
18,432
(8,797)
RECONCILIATION OF FUNDS
Total funds brought forward
(74,878)
246,174
TOTAL FUNDS CARRIED
FORWARD
(56,446)
237,377		 2020
6
Total
funds
£
53,420
10,250
25,223
88,893
6,166
73,092
79,258
9,635
171,296
180,931

continued...

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S.A.D.A.C.C.A Limited - Charities report - 21.2

S.A.D.A.C.C.A Limited

Notes to the Financial Statements - continued for the year ended 31 March 2021

7. TANGIBLE FIXED ASSETS

Fixtures
Land and
and
buildings
fittings
£
£
COST
At 1 April 2020 and 31 March 2021
432,338
202,516
DEPRECIATION
At 1 April 2020
195,411
202,365
Charge for year
8,647
38
At 31 March 2021
204,058
202,403
NET BOOK VALUE
At 31 March 2021
228,280
113
At 31 March 2020
236,927
151
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Amounts owed by participating interests
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
CVA Creditor
Amounts owed to participating interests
Social security and other taxes
Accruals and deferred income		 Motor
vehicles
£
25,284
24,834
113
24,947
337
450
2021
£
11,563
2021
£
4,632
25,160
-
986
3,090
33,868		 Totals
£
660,138		 Totals
£
660,138
422,610
8,798
431,408
228,730
237,528
2020
£
-
2020
£
-
31,280
18,349
-
7,475
57,104

continued...

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S.A.D.A.C.C.A Limited - Charities report - 21.2

S.A.D.A.C.C.A Limited

Notes to the Financial Statements - continued for the year ended 31 March 2021

10. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Designated Funds
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Designated Funds
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Designated Funds
TOTAL FUNDS		 At 1.4.20
£
(56,446)
237,377
180,931
Incoming
resources
£
299,840
-
299,840
At 1.4.19
£
(74,878)
246,174
171,296		 Net
movement
in funds
£
84,760
(8,760)
76,000
Resources
expended
£
(215,080)
(8,760)
(223,840)
Net
movement
in funds
£
18,432
(8,797)
9,635		 At
31.3.21
£
28,314
228,617
256,931
Movement
in funds
£
84,760
(8,760)
76,000
At
31.3.20
£
(56,446)
237,377
180,931

continued...

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S.A.D.A.C.C.A Limited - Charities report - 21.2

S.A.D.A.C.C.A Limited

Notes to the Financial Statements - continued

for the year ended 31 March 2021

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
88,893
(70,461)
Restricted funds
Designated Funds
-
(8,797)
TOTAL FUNDS
88,893
(79,258)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.4.19
in funds
£
£
Unrestricted funds
General fund
(74,878)
103,192
Restricted funds
Designated Funds
246,174
(17,557)
TOTAL FUNDS
171,296
85,635		 Movement
in funds
£
18,432
(8,797)
9,635
At
31.3.21
£
28,314
228,617
256,931

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Designated Funds
TOTAL FUNDS		 Incoming
resources
£
388,733
-
388,733		 Resources
expended
£
(285,541)
(17,557)
(303,098)		 Movement
in funds
£
103,192
(17,557)
85,635

Where incoming resources are given specifically to provide fixed assets, they are now recognised immediately in the Statement of Financial Activities.

continued...

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S.A.D.A.C.C.A Limited - Charities report - 21.2

S.A.D.A.C.C.A Limited

Notes to the Financial Statements - continued for the year ended 31 March 2021

10. MOVEMENT IN FUNDS - continued

Each year the designated fund is increased by the amount of income received relevant to the purchase of fixed assets, and reduced by the depreciation charge on the assets passing through the Statement of Financial Activities. This is carried out each year by an accounting transfer between funds via the Statement of Financial Activities. The designated fund therefore always matches the net book value of the assets to which the original grants received relate.

This treatment accords with the requirement under accounting standards for the recognition of assets and liabilities.

11. RELATED PARTY DISCLOSURES

At the year end there is an outstanding balance of £11,563 due from Sadacca Development Limited. In 2020 there was a balance of £18,349 due to Sadacca Development Limited.

S.A.D.A.C.C.A. Limited and Sadacca Development Limited are related by the fact that in substance they are under common control.

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S.A.D.A.C.C.A Limited - Charities report - 21.2

S.A.D.A.C.C.A Limited

Detailed Statement of Financial Activities
for the year ended 31 March 2021
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Fundraising events
Charitable activities
Subscriptions
Grants
Total incoming resources
EXPENDITURE
Other trading activities
Charitable trading costs
Charitable activities
Wages
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Repairs, maintenance and service charges
Legal and professional fees
Motor expenses
Subscriptions
Bank charges
Long leasehold
Fixtures and fittings
Motor vehicles
Support costs
Governance costs
Accountancy		 2021
£
62,631
139,710
-
97,499
97,499
299,840
107,234
55,450
2,917
1,549
2,642
1,281
13
25,618
15,647
-
1,192
640
223
8,647
38
113
115,970
636		 2020
£
53,420
25,223
250
10,000
10,250
88,893
6,166
20,925
2,557
1,596
7,130
1,434
459
11,848
8,007
4,030
2,440
-
818
8,647
51
150
70,092
3,000

This page does not form part of the statutory financial statements

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S.A.D.A.C.C.A Limited - Charities report - 21.2

S.A.D.A.C.C.A Limited

Detailed Statement of Financial Activities
for the year ended 31 March 2021
Total resources expended
Net income		 2021
£
223,840
76,000		 2020
£
79,258
9,635

This page does not form part of the statutory financial statements

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