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2024-03-31-accounts

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 2024 for S.A.D.A.C.C.A Limited

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

Contents of the Financial Statements for the year ended 31 March 2024 Page Report of the Trustees 1 to 10 Independent Examiner's Report 11 Statement of Financial Activities 12 Balance Sheet 13 to 14 Cash Flow Statement 15 Notes to the Cash Flow Statement 16 Notes to the Financial Statements 17 to 24 Detailed Statement of Financial Activities 25 to 26

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

Report of the Trustees for the year ended 31 March 2024

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 2024. 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 2024

OBJECTIVES AND ACTIVITIES Objectives and aims Mission

SADACCA Riverside Renaissance:

hub of a socially inclusive space that caters to the needs of people organization serving the needs of the communities in the Riverside and as a bridge between the Heart of the City and the emerging International Business Corridor. voice and influence in the city for those have feel they have been marginalized support and services that caters to the intergenerational needs is a class customer service in all areas of delivery: domiciliary care, employment and culture, young people engagement, music and arts, health and of transparency, efficiency into a citywide anchor organization and Caribbean communities as well as for the benefit of all communities be taking a three-pronged approach based on a methodology rooted in model bringing focused on community led development of addressing the to bring about transformative change that has social justice, to nil of the organization and shift to a profit making and efficient entity

-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 own the building via a Community Asset Transfer by June 2025. -To increase the staff team within the organisations. -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.

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

Report of the Trustees for the year ended 31 March 2024

-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.

-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 9 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 2024

STRATEGIC REPORT Achievement and performance Charitable activities

We are firmly tied to the city through our sixty-seven years of delivering an ever-changing palette of services to meet the needs of individuals, families, and communities. We are proud of the breadth of activities that we have been able to sustain and our ability to move into new areas of activity which increases the variety and volume of our impact. We have evolved and have developed new activities in response to the constant changes in our operating environment and needs which have emerged over time. This includes an ageing population of people with African heritage, an increase in the ethnic diversity of our community (including new arrivals from Somalia and Sudan), and the continued marginalisation of minority ethnic communities within society. We have worked hard to become an organisation that is accessible by the entire Sheffield community and inclusive of all comers, new and old, to the city.

that we have been able to sustain and our ability to move into new increases the variety and volume of our impact. We have evolved and activities in response to the constant changes in our operating environment emerged over time. This includes an ageing population of people with in the ethnic diversity of our community (including new arrivals from the continued marginalisation of minority ethnic communities within society. to become an organisation that is accessible by the entire Sheffield centre - providing a programme of social and health-related activities for no longer manage independently, or who are isolated and lonely. service has increased substantially in recent months and is predicted to rise the cost-of-living crisis resulting in older people needing a to access provide them with a hot meal during the day. This has particularly enabled the social bonds between individuals and families. The service through craft activities, music workshops, daytrips, nutrition classes, and support sessions (including for diabetes, cancer, and heart attendees are aged over 60, the service is open to all ages, with younger members of their families along, supporting relationship building a catalyst for volunteering. Our service has been recognised by the Care service - an extension of our adult day care, which provides a hot meal homes for those who can't make it to the day centre. Nutritious ensure that older people are eating well and can maintain their are supported to go the extra mile and spend time engaging with service - Our service supports service users in the comfort of their own home. For their illness restricts activity in their daily lives, making living alone too with SADACCA Home Health Care, providing company and essential cleaning, cooking, taking to appointments, pet care, shopping, and mobility. emphasis upon building a personal relationship between individual carers communities - SADACCA delivers activities to connect the most

SADACCA currently delivers the following activities from 48 Wicker:

Adult day care centre - providing a programme of social and health-related activities for older adults who can no longer manage independently, or who are isolated and lonely. Numbers accessing this service has increased substantially in recent months and is predicted to rise further still because of the cost-of-living crisis resulting in older people needing a to access somewhere warm which can provide them with a hot meal during the day. This has particularly enabled us to maintain and strengthen the social bonds between individuals and families. The service supports health and wellbeing through craft activities, music workshops, daytrips, nutrition workshops, gentle exercise classes, and support sessions (including for diabetes, cancer, and heart health). Although most attendees are aged over 60, the service is open to all ages, with many often-bringing younger members of their families along, supporting relationship building between generations and a catalyst for volunteering. Our service has been recognised by the Care Quality Commission for providing "Good" service.

Meals on wheels service - an extension of our adult day care, which provides a hot meal service delivered to people's homes for those who can't make it to the day centre. Nutritious African Caribbean dishes ensure that older people are eating well and can maintain their independence. Our delivery staff are supported to go the extra mile and spend time engaging with service users who are some of the most isolated members of our community.

Domiciliary care - Our service supports service users in the comfort of their own home. For many of our members, their illness restricts activity in their daily lives, making living alone too difficult. Many find hope with SADACCA Home Health Care, providing company and essential services such as bathing, cleaning, cooking, taking to appointments, pet care, shopping, and mobility. We have a strong emphasis upon building a personal relationship between individual carers and clients, using an almost key worker approach to delivery.

Reaching diverse communities - SADACCA delivers activities to connect the most marginalised communities with health practitioners, the police, and volunteering and employment opportunities. Health contracts have included COVID-19 and flu vaccination programmes, and health awareness campaigns. We also have delivered activities over the 2023 winter in response to the Cost of Living Crisis with the support of National Lottery, the School of Social Entrepreneurs and SCC.

Social, educational, and support activities - We provide a range of social and educational activities for people of all ages, often in collaboration with a range of partners. Many of these are volunteer run, funded by grants and through partners such as statutory health services, education providers and local businesses. For young people this involves an after-school homework club and math tuition run by volunteers.

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

Report of the Trustees for the year ended 31 March 2024

Our adult provision often attracts people who are initially looking for outcomes, which are emotional rather than directly educational. These people are often looking to connect with others, build confidence, and improve their health and wellbeing. However, those same people are often those with poor previous experiences of education, having underperformed at school, and even some that didn't pass the 11+ and were told education wasn't for them. For many our informal education provision represents a first rung learning opportunity and those who have accessed these courses have gone on to participate in accredited training. Therefore, we view our offer as a crucial part of the education infrastructure, working with those who are most excluded from education, addressing barriers to participation, and being the catalyst for a future learning journey. Delivering education remains a primary objective for SADACCA and we see this area as a priority for development including developing an accredited numeracy and literacy offer.

pass the 11+ and were told education wasn't for them. For many our represents a first rung learning opportunity and those who have gone on to participate in accredited training. Therefore, we view our offer the education infrastructure, working with those who are most excluded barriers to participation, and being the catalyst for a future learning remains a primary objective for SADACCA and we see this area as a to others - SADACCA operates as a community hub. As well as providing our activities, our occupation of 48 Wicker enables us to enhance our activities provided by others. We do this through a combination of space hire for organisations who otherwise would not be able to afford central and accessible location. This includes several charities which care needs, arts organisations (including arts exhibitions and creative within our recording studio), and activities to support physical health with our own boxing ring). This activity has been a catalyst for the continued to work with Sheffield City Council, a major stakeholder. The was poor going back around 10 years, but now the relationship parties is good, with both parties now working together for the benefit of the local community. are also had with other local stakeholders such as University of of Olivier Tsemo for 7 days a week for the last 10 years, the Charity has across all areas in which it is involved. Olivier, who chairs various can therefore draw on an extensive bank of contacts who can help and long term goals, has been instrumental in improving not only the tend not to be financially based, but instead are items such as variety of demographics using their services, and amount of Charity also aims to align with the Sheffield Land and Property Plan

Providing space to others - SADACCA operates as a community hub. As well as providing a base from which to run our activities, our occupation of 48 Wicker enables us to enhance our offer by hosting high impact activities provided by others. We do this through a combination of space to rent and sessional space hire for organisations who otherwise would not be able to afford to be based in such a central and accessible location. This includes several charities which supports the health and social care needs, arts organisations (including arts exhibitions and creative music groups hosted within our recording studio), and activities to support physical health (including boxing training with our own boxing ring). This activity has been a catalyst for the cementing of strong partnerships with the universities who use our site for a variety of activities.

SADACCA has continued to work with Sheffield City Council, a major stakeholder. The relationship between the parties was poor going back around 10 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.

Under the leadership of Olivier Tsemo for 7 days a week for the last 10 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.

KPI's for the Charity tend not to be financially based, but instead are items such as number of different user groups, variety of demographics using their services, and amount of engagement on social media. The Charity also aims to align with the Sheffield Land and Property Plan principles, and align with Race Equalities Commission recommendations.

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 2024

STRATEGIC REPORT 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.

funds either held as reserves, or secured and agreed with funders, of the charity that project funding is obtained or agreed prior to any commencing. Reserves should therefore be held which are sufficient to outstanding on the charity's activities at any particular given time, been agreed but not yet received. Due to the nature of the charity's on how it may be applied, the charity is usually only able to had positive reserves of £206,239 in the overall fund, partly as a result including £211,176 in the restricted fund. This year overall reserves have of the key financial challenges for the immediate future will be a increase in utility costs alongside generally high inflation across all Funding further core organisational infrastructure building, both in people and processes Further partnership development with SCC, for example, access to social care delivery contracts engaged Insolvency Practitioners for the purposes of proposing a to reduce the level of the deficit in the unrestricted fund. This was 18 December 2018. This agreement is due to be paid off within 5 years The CVA process began in 2019 and is now settled within the 2024 year-end accounts.

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 2023 the Charity had positive reserves of £206,239 in the overall fund, partly as a result of the CVA process, including £211,176 in the restricted fund. This year overall reserves have increased to £222,982 including £202,482 in the restricted funds, with no CVA assistance.

We anticipate some of the key financial challenges for the immediate future will be a combination of:

The unprecedented increase in utility costs alongside generally high inflation across all purchasing and supply areas

Funding further core organisational infrastructure building, both in people and processes Increased competition for revenue and capital grant funding income

Further partnership development with SCC, for example, access to social care delivery contracts

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. This agreement is due to be paid off within 5 years of the date of lodgement. This is now cleared to date as per Companies House.

The CVA process began in 2019 and is now settled within the 2024 year-end accounts.

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

Report of the Trustees for the year ended 31 March 2024

STRATEGIC REPORT

Principal risks and uncertainties

The principal risks and uncertainties that the Charity currently faces are in relation to the condition of the building.

is approximately 170 years, it is becoming dilapidated, and two areas studio and games room) currently have prohibition orders on them for reasons. Repairs are needed urgently to these areas, as well as in other identified that investment and funding may be needed in the region repair and replenish the building, and are looking to seek funding and funding there is a risk that the Charity will not be able to meet its extent which it would like to, or that a move of premises maybe required; does not currently own the building they occupy, so there is a risk that they property to operate from. However, as Heads of Terms have been agreed Transfer to the Charity for this property, which is expected to complete by have reduced now that cash reserves are increasing, and the CVA has various stakeholders have improved in recent years too, which limits the vision for the further physical transformation of 48 Wicker, which will gained through the transformation of the previously dilapidated 'G-Mill', large span multi use events hall. With the "Win an Architect has taken another step forward for SADACCA and the city and a concept been developed in consultation to create a multi-use site and the first jazz venue for Sheffield. will enable us to realise a further three phases of development, which to the two entrances, reception area, and wayfinding throughout the aesthetic refurbishments in training rooms, workshops, offices, the main and café/restaurant, including the development of an outside area adjacent to the G-Mill

As the building is approximately 170 years, it is becoming dilapidated, and two areas of the building (being the studio and games room) currently have prohibition orders on them for fire, and health and safety reasons. Repairs are needed urgently to these areas, as well as in other areas of the building.

The trustees have identified that investment and funding may be needed in the region of £1.4 million to properly repair and replenish the building, and are looking to seek funding and grants for this. Without the funding there is a risk that the Charity will not be able to meet its aims and objectives to the extent which it would like to, or that a move of premises maybe required; which the Trustees would like to avoid at all costs.

The Charity also does not currently own the building they occupy, so there is a risk that they could be left without a property to operate from. However, as Heads of Terms have been agreed on the Community Asset Transfer to the Charity for this property, which is expected to complete by June 2025, the risks in this area are reduced.

Financial risks have reduced now that cash reserves are increasing, and the CVA has been discharged. Relationship with various stakeholders have improved in recent years too, which limits the risks the Charity faces.

Future plans

We have an ambitious vision for the further physical transformation of 48 Wicker, which will build on the experience gained through the transformation of the previously dilapidated 'G-Mill', into a modern, serviced, large span multi use events hall. With the "Win an Architect Design" competition, this has taken another step forward for SADACCA and the city and a concept has been developed in consultation to create a multi-use site and the first jazz venue for Sheffield. An asset transfer will enable us to realise a further three phases of development, which will take place between 2024 and 2027: 1. Improvements to the two entrances, reception area, and wayfinding throughout the building to improve user experience, accessibility, and footfall 2. Light-touch aesthetic refurbishments in training rooms, workshops, offices, the main hall, bar, and café/restaurant, including the development of an outside area adjacent to the G-Mill

  1. Structural interventions including the further redevelopment of G-Mill, public realm, and an accessibility strategy for the SADACCA Studios.

These developments will enable us to unlock the potential of the site, using those redeveloped spaces to increase and enhance our activities.

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

Report of the Trustees for the year ended 31 March 2024

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).

incorporated on 14th December 1989 and is governed by its Memorandum All powers of management and control are vested in the of the charities affairs is carried out by the committee which is composed and up to ten members elected by and from the council, together with be co-opted. The number of co-opted persons shall not exceed one third members of the committee. The council meets at least twice a year and overall management of the affairs of the charity. The council S.A.D.A.C.C.A Limited members, two 'youth representative' and the officers of the charity. The day to day management of the delegated to the charity's co-ordinator, but all major expenditure is approved by the committee. regularly to formulate general policy. They are ultimately responsible for of the charity, including the appointment and discharge of staff, the altering rules, and are the authority for all expenditure. There is no for Trustees and Trustees are elected or re-elected annually by the detailed in the organisations constitution. Newly appointed trustees are the job' training from previously experienced trustees and are given the property of the charity shall be applied solely towards the promotion of its Memorandum and Articles of Association. No portion thereof shall be or indirectly by way of a dividend, bonus or otherwise howsoever by the of the charity. No member of the charity committee shall be appointed paid by salary or fees. Neither shall they receive any remuneration or the power to invest its monies not immediately required for its objects in or securities or property as may be thought fit. The charity shall take or may be subject to any trusts. The charity shall only deal with or invest the are also directors for the purpose of company law, and who served

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 co-opted. 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 co-ordinator, 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 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Decision making

We have an experienced board of trustees, local to the area who know and understand the community. We feel that we strike the right balance between refreshing board membership to bring in new ideas and energy, against keeping a consistency of involvement and therefore a maturity of approach. Many trustees bring professional skills including financial and business expertise to SADACCA.

energy, against keeping a consistency of involvement and therefore a trustees bring professional skills including financial and business our organisation's mission and living our values, particularly how we wider community, and how we engage with them to inform our work. We trustee meetings supported by detailed and accurate reports, including Regularly reviewing the detailed policies and procedures which support our operations processes which support the management of operational challenge ourselves and encouraging challenge by others to ensure and improve our practice in response to changes in community need our business strategy and business activities overtime including of diversity, equality, and inclusion, and looking at how this cuts and business functions. We recognise that despite being led by people who discrimination, we constantly need to challenge ourselves to be as inclusive these services included a social club and restaurant and have

We demonstrate strong organisational governance in the following ways:

Being driven by our organisation's mission and living our values, particularly how we support individuals and the wider community, and how we engage with them to inform our work. We talk to our membership constantly and asking whether we are delivering what they need

Regular focused trustee meetings supported by detailed and accurate reports, including detailed financial information Regularly reviewing the detailed policies and procedures which support our operations

Effective management processes which support the management of operational and organisational risk

Continuing to challenge ourselves and encouraging challenge by others to ensure that we continually evolve and improve our practice in response to changes in community need and our operating environment

Evolving and changing our business strategy and business activities overtime including diversifying our income. We recognise that change is the only constant

An ongoing strengthening of diversity, equality, and inclusion, and looking at how this cuts across all our activities and business functions. We recognise that despite being led by people who have personally faced discrimination, we constantly need to challenge ourselves to be as inclusive in our approach as possible to reach those who continue to be marginalised

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

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

Report of the Trustees for the year ended 31 March 2024

Trustees R D Walcott R Cotterell

Company Secretary O Tsemo

Independent Examiner Royston Parkin Limited 2 President Buildings Savile Street East Sheffield South Yorkshire S4 7UQ

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 16 December 2024 and signed on the board's behalf by:

O Tsemo - Secretary

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Independent Examiner's Report to the Trustees of S.A.D.A.C.C.A Limited

Independent examiner's report to the trustees of S.A.D.A.C.C.A Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr Andrew Edward Froggatt

Royston Parkin Limited 2 President Buildings Savile Street East Sheffield South Yorkshire S4 7UQ

16 December 2024

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

APPROVAL
Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the year ended 31 March 2024
2024
Unrestricted
Restricted
Total
fund
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
108,042
-
108,042
Charitable activities
4
Charitable activity costs
20,000
-
20,000
Other trading activities
3
460,571
-
460,571
Other income
5
9,251
-
9,251
Total
597,864
-
597,864
EXPENDITURE ON
Raising funds
6
80,539
-
80,539
Charitable activities
7
Charitable activity costs
491,888
8,694
500,582
Total
572,427
8,694
581,121
NET INCOME/(EXPENDITURE)
25,437
(8,694)
16,743
RECONCILIATION OF FUNDS
Total funds brought forward
(4,937)
211,176
206,239
TOTAL FUNDS CARRIED FORWARD
20,500
202,482
222,982		 2023
Total
funds
£
90,398
-
245,555
5,258
341,211
44,985
323,240
368,225
(27,014)
233,253
206,239

The notes form part of these financial statements

Page 12

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

Balance Sheet 31 March 2024

2024
2023
Unrestricted
Restricted
Total
Total
fund
funds
funds
funds
Notes
£
£
£
£
FIXED ASSETS
APPROVAL
Tangible assets
13
48
202,482
202,530
211,240
CURRENT ASSETS
Debtors
14
-
-
-
8,785
Cash at bank
66,746
-
66,746
505
66,746
-
66,746
9,290
CREDITORS
Amounts falling due within one year
15
(46,294)
-
(46,294)
(14,291)
NET CURRENT ASSETS
20,452
-
20,452
(5,001)
TOTAL ASSETS LESS CURRENT
LIABILITIES
20,500
202,482
222,982
206,239
NET ASSETS
20,500
202,482
222,982
206,239
FUNDS
16
Unrestricted funds
20,500
(4,937)
Restricted funds:
Designated Funds
202,482
211,176
TOTAL FUNDS
222,982
206,239
The charitable company is entitled to exemption from audit under Section 477 of the Companies
Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the
year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections
386 and 387 of the Companies Act 2006 and

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 13

continued...

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

Balance Sheet - continued 31 March 2024

The financial statements were approved by the Board of Trustees and authorised for issue on 16 December 2024 and were signed on its behalf by:

R D Walcott - Trustee

The notes form part of these financial statements

Page 14

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

Cash Flow Statement for the year ended 31 March 2024

2024 2023 Notes £ £ Cash flows from operating activities Cash generated from operations 1 66,241 - - Net cash provided by operating activities 66,241 Change in cash and cash equivalents in the reporting - period 66,241 Cash and cash equivalents at the beginning of the reporting period 505 505 Cash and cash equivalents at the end of the reporting period 66,746 505

The notes form part of these financial statements

Page 15

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

Notes to the Cash Flow Statement for the year ended 31 March 2024

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

OPERATING ACTIVITIES
2024 2023
£ £
APPROVAL
Net income/(expenditure) for the reporting period (as per
the Statement of Financial Activities)
16,743
(27,014)
Adjustments for:
Depreciation charges
8,710
8,731
Movement in participator funds
21,275
27,202
Increase/(decrease) in creditors
19,513
(8,919)
Net cash provided by operations
66,241
-
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.23
Cash flow
At 31.3.24
£
£
£
Net cash
Cash at bank
505
66,241
66,746
505
66,241
66,746
Total
505
66,241
66,746

2. ANALYSIS OF CHANGES IN NET FUNDS

The notes form part of these financial statements

Page 16

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

Notes to the Financial Statements for the year ended 31 March 2024

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.

and Reporting by Charities: Statement of Recommended Practice preparing their accounts in accordance with the Financial Reporting in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Standard 102 'The Financial Reporting Standard applicable in the of Ireland' and the Companies Act 2006. The financial statements have believe that in negotiating the acquisition of the building they will be was currently under a Company Voluntary Arrangement. This was lodged the Court on 18 December 2018. This was settled in 2024, post year-end, on 11/04/2024. reasons the accounts have been prepared on a going concern basis, as is recognised in the Statement of Financial Activities once the charity to the funds, it is probable that the income will be received and the amount are recognised as expenditure as soon as there is a legal or constructive the charity to that expenditure, it is probable that a transfer of economic in settlement and the amount of the obligation can be measured is accounted for on an accruals basis and has been classified under all cost related to the category. Where costs cannot be directly headings they have been allocated to activities on a basis consistent with is provided for at the following annual rates in order to write off the any estimated residual value of each asset over its estimated useful life:

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 was currently under a Company Voluntary Arrangement. This was lodged with the Court on 18 December 2018. This was settled in 2024, post year-end, on 11/04/2024. For these reasons the accounts have been prepared on a going concern basis, as this was settled post year-end.

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.

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 2024 the estimated residual value of the buildings held under a short leasehold was £170,400 (2023 £170,400).

Taxation

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

Page 17

continued...

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

Notes to the Financial Statements - continued for the year ended 31 March 2024

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. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Grants Grants are included on an accruals basis. DONATIONS AND LEGACIES 2024 2023 £ £ Donations 108,042 90,398 OTHER TRADING ACTIVITIES 2024 2023 £ £ Services provided 460,571 245,555 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 2024 income of £460,571 (2023 - £245,555) was generated from fundraising activities, with £80,539 (2023 - £44,985) of costs being related to the generation of these funds.

2. DONATIONS AND LEGACIES

PR
Donations
3.
OTHER TRADING ACTIVITIES
Services provided		 2024
£
108,042
2024
£
460,571		 2023
£
90,398
2023
£
245,555

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 2024 income of £460,571 (2023 - £245,555) was generated from fundraising activities, with £80,539 (2023 - £44,985) of costs being related to the generation of these funds.

Page 18

continued...

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

Notes to the Financial Statements - continued for the year ended 31 March 2024

APPROVAL
4.
INCOME FROM CHARITABLE ACTIVITIES
2024
Charitable
activity
costs
£
Grants
20,000
Total grant income in the year ended 31 March 2024 was £20,000.
5.
OTHER INCOME
2024
£
Other income
9,251
Other income receipts are analysed as follow:
2024
£
Car park rental income
9,251
Other income
-
9,251
6.
RAISING FUNDS
Other trading activities
2024
£
Purchases
80,539		 APPROVAL
4.
INCOME FROM CHARITABLE ACTIVITIES
2024
Charitable
activity
costs
£
Grants
20,000
Total grant income in the year ended 31 March 2024 was £20,000.
5.
OTHER INCOME
2024
£
Other income
9,251
Other income receipts are analysed as follow:
2024
£
Car park rental income
9,251
Other income
-
9,251
6.
RAISING FUNDS
Other trading activities
2024
£
Purchases
80,539		 APPROVAL
4.
INCOME FROM CHARITABLE ACTIVITIES
2024
Charitable
activity
costs
£
Grants
20,000
Total grant income in the year ended 31 March 2024 was £20,000.
5.
OTHER INCOME
2024
£
Other income
9,251
Other income receipts are analysed as follow:
2024
£
Car park rental income
9,251
Other income
-
9,251
6.
RAISING FUNDS
Other trading activities
2024
£
Purchases
80,539		 APPROVAL
4.
INCOME FROM CHARITABLE ACTIVITIES
2024
Charitable
activity
costs
£
Grants
20,000
Total grant income in the year ended 31 March 2024 was £20,000.
5.
OTHER INCOME
2024
£
Other income
9,251
Other income receipts are analysed as follow:
2024
£
Car park rental income
9,251
Other income
-
9,251
6.
RAISING FUNDS
Other trading activities
2024
£
Purchases
80,539		 APPROVAL
4.
INCOME FROM CHARITABLE ACTIVITIES
2024
Charitable
activity
costs
£
Grants
20,000
Total grant income in the year ended 31 March 2024 was £20,000.
5.
OTHER INCOME
2024
£
Other income
9,251
Other income receipts are analysed as follow:
2024
£
Car park rental income
9,251
Other income
-
9,251
6.
RAISING FUNDS
Other trading activities
2024
£
Purchases
80,539		 2023
Total
activities
£
-
2023
£
5,258		 2023
Total
activities
£
-
2023
£
5,258
2024 2023
£ £
9,251 4,598
- 660
9,251 -
2024
£
80,539		 2023
£
44,985

Page 19

continued...

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

Notes to the Financial Statements - continued for the year ended 31 March 2024

7. CHARITABLE ACTIVITIES COSTS

Support Direct costs (see Costs note 8) Totals £ £ £ Charitable activity costs 492,862 7,720 500,582 8. SUPPORT COSTS Governance costs £ Charitable activity costs 7,720 9. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 2024 2023 £ £ Depreciation - owned assets 8,710 8,731 10. TRUSTEES' REMUNERATION AND BENEFITS One trustee received £2,500 in total for the year. Trustees' expenses One trustee was reimbursed for travel expenses of £2,455 (2023 - £Nil) 11. STAFF COSTS 2024 2023 £ £ Wages and salaries 253,598 157,911 - Social security costs 3,693 - Other pension costs 3,874 261,165 157,911 The average monthly number of employees during the year was as follows: 2024 2023 Total 21 21

No employees received emoluments in excess of £60,000.

Page 20

continued...

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

Notes to the Financial Statements - continued for the year ended 31 March 2024

APPROVAL
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
90,398
-
Other trading activities
245,555
-
Other income
5,258
-
Total
341,211
-
EXPENDITURE ON
Raising funds
44,985
-
Charitable activities
Charitable activity costs
314,530
8,710
Total
359,515
8,710
NET INCOME/(EXPENDITURE)
(18,304)
(8,710)
RECONCILIATION OF FUNDS
Total funds brought forward
13,367
219,886
TOTAL FUNDS CARRIED
FORWARD
(4,937)
211,176
13.
TANGIBLE FIXED ASSETS
Fixtures
Land and
and
Motor
buildings
fittings
vehicles
£
£
£
COST
At 1 April 2023 and 31 March 2024
432,338
202,516
25,284
DEPRECIATION
At 1 April 2023
221,352
202,452
25,094
Charge for year
8,647
16
47
At 31 March 2024
229,999
202,468
25,141
NET BOOK VALUE
At 31 March 2024
202,339
48
143
At 31 March 2023
210,986
64
190		 Total
funds
£
90,398
245,555
5,258
341,211
44,985
323,240
368,225
(27,014)
233,253
206,239
Totals
£
660,138
448,898
8,710
457,608
202,530
211,240

Page 21

continued...

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

Notes to the Financial Statements - continued for the year ended 31 March 2024

APPROV
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Amounts owed by participating interests
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
CVA Creditor
Amounts owed to participating interests
Social security and other taxes
Wages Creditor
Defined benefit pension
Accruals and deferred income
16.
MOVEMENT IN FUNDS
At 1.4.23
£
Unrestricted funds
General fund
(4,937)
Restricted funds
Designated Funds
211,176
TOTAL FUNDS
206,239
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
597,864
Restricted funds
Designated Funds
-
TOTAL FUNDS
597,864		 AL
2024
£
-
2024
£
3,874
-
12,490
391
14,645
9,945
4,949
46,294
Net
movement
in funds
£
25,437
(8,694)
16,743
Resources
expended
£
(572,427)
(8,694)
(581,121)		 2023
£
8,785
2023
£
3,157
3,840
-
281
-
2,063
4,950
14,291
At
31.3.24
£
20,500
202,482
222,982
Movement
in funds
£
25,437
(8,694)
16,743

Page 22

continued...

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

Notes to the Financial Statements - continued for the year ended 31 March 2024

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
APPROVAL
movement
At
At 1.4.22
in funds
31.3.23
£
£
£
Unrestricted funds
General fund
13,367
(18,304)
(4,937)
Restricted funds
Designated Funds
219,886
(8,710)
211,176
TOTAL FUNDS
233,253
(27,014)
206,239
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
Unrestricted funds
General fund
341,211
(359,515)
(18,304)
Restricted funds
Designated Funds
-
(8,710)
(8,710)
TOTAL FUNDS
341,211
(368,225)
(27,014)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At
At 1.4.22
in funds
31.3.24
£
£
£
Unrestricted funds
General fund
13,367
7,133
20,500
Restricted funds
Designated Funds
219,886
(17,404)
202,482
TOTAL FUNDS
233,253
(10,271)
222,982

Page 23

continued...

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

Notes to the Financial Statements - continued for the year ended 31 March 2024

16. MOVEMENT IN FUNDS - continued

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

APPROVAL
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
Unrestricted funds
General fund
939,075
(931,942)
7,133
Restricted funds
Designated Funds
-
(17,404)
(17,404)
TOTAL FUNDS
939,075
(949,346)
(10,271)
Where incoming resources are given specifically to provide fixed assets, they are no
recognised immediately in the Statement of Financial Activities.
Each year the designated fund is increased by the amount of income received relevant t
the purchase of fixed assets, and reduced by the depreciation charge on the assets passin
through the Statement of Financial Activities. This is carried out each year by an accountin
transfer between funds via the Statement of Financial Activities. The designated fun
therefore always matches the net book value of the assets to which the original gran
received relate.
This treatment accords with the requirement under accounting standards for the recognitio
of assets and liabilities.
RELATED PARTY DISCLOSURES
At the year end there is an outstanding balance of £12,490 to Sadacca Developme
Limited. In 2023 there was a balance of £8,785 due from Sadacca Development Limited.
S.A.D.A.C.C.A. Limited and Sadacca Development Limited are related by the fact that
substance they are under common control.
In 2024 the Charity paid £nil (2023 £450) on behalf of a Trustee for private medic
treatment.
There were no related party transactions other than those disclosed above, and in th
'

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

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.

17. RELATED PARTY DISCLOSURES

At the year end there is an outstanding balance of £12,490 to Sadacca Development Limited. In 2023 there was a balance of £8,785 due from 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.

In 2024 the Charity paid £nil (2023 £450) on behalf of a Trustee for private medical treatment.

There were no related party transactions other than those disclosed above, and in the trustees' remuneration and benefits section.

Page 24

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

APPROV
Detailed Statement of Financial Activities
for the year ended 31 March 2024
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Services provided
Charitable activities
Grants
Other income
Other income
Total incoming resources
EXPENDITURE
Other trading activities
Charitable trading costs
Charitable activities
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
CVA Adjustments
Sundries
Repairs, maintenance and service
charges
Travelling expenses
Motor expenses
Subscriptions
Bank charges
Long leasehold
Fixtures and fittings
Motor vehicles		 AL
2024
£
108,042
460,571
20,000
9,251
597,864
80,539
253,598
3,693
3,874
6,615
2,125
18,948
6,941
14
15,505
97,244
60,683
2,680
5,756
5,983
493
8,647
16
47
492,862		 2023
£
90,398
245,555
-
5,258
341,211
44,985
157,911
-
-
7,584
2,197
12,991
1,132
349
-
88,077
26,638
351
2,139
7,930
471
8,647
21
63
316,501

This page does not form part of the statutory financial statements

Page 25

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

Detailed Statement of Financial Activities for the year ended 31 March 2024 2024 2023 £ £ Support costs Governance costs Accountancy 7,720 6,739 Total resources expended 581,121 368,225 Net income/(expenditure) 16,743 (27,014)

This page does not form part of the statutory financial statements

Page 26