REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
Calderdale SmartMove Ltd |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
Calderdale SmartMove Ltd |
Calderdale SmartMove Ltd |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
Report of the Trustees | 1 | to | 6 |
Independent Examiner's Report | 7 |
Statement of Financial Activities | 8 |
Balance Sheet | 9 | to | 10 |
Cash Flow Statement | 11 |
Notes to the Cash Flow Statement | 12 |
Notes to the Financial Statements | 13 | to | 25 |
Calderdale SmartMove Ltd (Registered number: 03180389) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
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 2023. 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). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The object of the charity is the relief of persons who are disadvantaged and either homeless or inadequately housed in Calderdale; in particular through the provision of promissory bonds and other assistance to persons who are in need of accommodation and would otherwise be unable to secure accommodation. |
The main objective for the year continued to be the relief of persons who are disadvantaged, homeless or inadequately housed, this fully reflects the purpose that the charity was set up to further. |
We review our aims, objectives and activities every year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aim, objectives and activities remained focused on our stated purposes. |
We have referred to the guidance contained in the Charity Commission`s general guidance on public benefit when reviewing our aims and objectives and, in particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set. |
The strategies employed to achieve the charity`s objectives can be summarised as: |
1. Helping to secure accommodation |
We support individuals and families to access accommodation through either the social or private rental sectors, including where necessary through the provision of promissory bonds. |
2. Helping to set up home |
We provide assistance to our clients to set up and furnish their homes, providing `starter packs` of basic essentials, securing appliances where necessary and giving practical support to help our clients to move in and establish their home. |
3. Helping to live independently |
We give up to 12 months' support to our clients once they have set up their home. This support is tailored to a client`s individual needs and covers a wide range of activities, from assistance with dealing with healthcare providers and government agencies through to providing educational and employment support. |
It is our aim that after 12 months, our clients remain in their accommodation and are able to live independently. |
Calderdale SmartMove Ltd (Registered number: 03180389) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
STRATEGIC REPORT |
Achievement and performance |
Our mission statement remains that "SmartMove will inspire local people on their journey to independence by providing housing support and education tailored to their specific needs." |
1.Council Contract |
In September 2017 we were awarded a 3 year contract by Calderdale Council Adult Health and Social Care to provide floating housing support to the homeless and vulnerably housed people of Calderdale. The council recognised the growing problems of homelessness in this contract by allowing for a substantial increase in capacity for support. The growing awareness of an ever increasing number of clients experiencing mental health issues was also taken into account. Our client outcomes have been well above the national average in all ten of the performance areas measured within the contract. The contract was subsequently extended, primarily as a result of the pandemic, and now expires at the end of October 2023. A tender for renewal of the contract was sent out in January 2023 with a decision in May 2023. |
2.Client Support |
SmartMove`s primary role is to find safe and secure accommodation for clients who are referred to us, in either the private rented or social housing sector. Over the past 12 months we have supported 311 individuals and families. Once we have agreed a bespoke plan of support we can evidence that 96% of clients are still in accommodation 12 months later. In 45 of these cases we provided a promissory bond to allow our clients to secure private rented accommodation. In 2022/2023 there were 18 claims under bonds that we had issued, totalling £6,137. |
This demonstrates that given a chance, being provided with support, with the opportunity of education, volunteering and employment, individuals and families can once again flourish. Housing is the bedrock of a bounce back in fortunes. |
Our permanent employees have consistently provided outstanding service to our clients in the period under review and throughout the full term of the Council contract. |
3.Training and Education |
Over the course of 2022/2023 we have been able to offer a more comprehensive programme of training and education activities, following the pandemic period, increasingly working with other charities and specialist providers as well as our own team of volunteers. |
4.Fundraising and Community Activities |
Our total income decreased by 6.5% in 2022/2023 compared to previous year. This reflects that in 2021/2022 we received a one off grant of £49,760 from Nationwide Community which covered expenditure incurred in 2022/2023. |
The cost of living crisis will put further strain on SmartMove as our clients will inevitably struggle with the increasing costs of essentials and we look to support them wherever we can. At the same time we anticipate that fundraising will become more difficult as belts are tightened across our community and our own cost base will inevitably be under pressure. We are fortunate that we have been able to build up a satisfactory level of reserves to help us to withstand these financial challenges. |
5.Volunteering |
Volunteering has always been a critical element of the service we offer and we have typically benefited from several thousand hours of volunteer support each year, from a significant number of committed individuals and also from local businesses through their "make a difference" days. During the course of the year we have seen an increase in volunteering activities as the impact of the pandemic has abated. |
6.Client Outcomes and Finances |
We are delighted with our client outcomes, which are once again above the national average in all ten performance measures, meaning we can evidence making a real difference for vulnerable people in Calderdale. |
All our services are provided free of charge to our clients and equal access to our services continues to be of paramount importance. |
We remain satisfied with our financial performance, with our strong reserves position giving us a solid foundation from which to deliver services. |
Calderdale SmartMove Ltd (Registered number: 03180389) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
7 Investment in our Activities |
We have continued to invest in our infrastructure, systems and processes to ensure the charity is well-positioned to continue to operate successfully. In particular, we invested in technology and related operating processes to allow us to continue to offer our core services to our clients while allowing our team to adopt more flexible working patterns. |
Financial review |
Principal funding sources |
The principal source of funding in 2022/2023 continued to be from Calderdale MBC Adult and Social Care which represented around 61% of our total income for the year, with the balance coming from fundraising, donations and grants. |
Investment policy and objectives |
The trustees have freedom to invest in such investments as they see appropriate. |
During 2022/2023 the charity had a policy of keeping the majority of its surplus liquid funds in highly secure short term deposit accounts. This met the objective of investing funds where they were still accessible at short notice if required. The Board did however agree that a proportion of its surplus funds, generally around 20% of the total, would be invested in longer-term, less liquid assets, in order to protect the real value of the charity's funds in a low interest rate environment. |
Reserves and going concern policy |
The trustees have established a level of reserves that the charity should have to operate and meet the charity's objectives. The reserves policy was revised upwards in 2020/2021 from 6 months to be ideally equal to at least 9 months expenditure. The reasons for this were due to the uncertainties around Covid and the related difficulties in fundraising and grant funding, as well as the lack of clarity around the timing of the renewal of the Council contract. |
The total funds of the charity have decreased from £522,211 to £498,073 |
Free reserves at 31 March 2023 were £264,492 compared to £266,740 the previous year. |
The level of reserves at the year end combined with the charity's demonstrated ability to secure external funding are considered sufficient for the accounts to be prepared on a going concern basis. |
Going concern |
The accounts have been prepared on a going concern basis as the charity has sufficient funds to meet its liabilities as they fall due and expenditure is not authorised unless sufficient funds are in place. |
Calderdale SmartMove Ltd (Registered number: 03180389) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
STRATEGIC REPORT |
Principal risks and uncertainties |
The principal risks and uncertainties identified and included within the charity`s risk register in 2022/2023, with appropriate plans and strategies for managing these risks are as follows: |
Non-renewal of the Council contract - see 'Future Plans' below |
Decline in fundraising income leading to a short-term financial shortfall: targets are reviewed every two months by the fundraising committee. Also the monthly management accounts are reviewed by the finance subcommittee and Board at every meeting, a periodic re-forecast of the full year position is carried out as required. A budget is in place and reviewed to reflect current circumstances. |
Loss of a key employee: succession plan in place, with trustees available to support the charity in the short term. |
Non-compliance with Health, Safety and Environmental legislation: regular training for all employees with incident reporting to Trustees. |
Loss or misuse of data: comprehensive policies and procedures in place, with performance monitored at least annually. |
Loss of access to charity`s offices: business continuity plan in place and test at least annually. |
Safeguarding issue with a client: safeguarding policies and procedures are in place supported by regular training for appropriate employees. |
Complaint from a client: complaints procedure in place with a clear escalation route for all complaints. |
Safety of staff members: personal safety and lone working policies in place, supported by volunteer training as required. |
Inadequate IT systems and support, leading to failure to provide continuity of service: technical support provided by a specialist company, with regular system backups. Security and disaster recovery procedures in place. Regular reporting on performance and incident management. |
Negative publicity around client actions: policies in place around take-on of new clients and the maintenance of client records, with frequent oversight and review by the Support Team Manager. |
Future plans |
We were notified by Calderdale Council in May 2023 that we had been unsuccessful in tendering for the renewal of the contract we had with them. The contract will move to another provider from November 2023.The income from this contract represents a significant proportion of the charity's total income and the majority of the employees work exclusively on that contract. The implications for the charity are therefore significant and the Trustees are reviewing all potential options for the charity's future. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is a company limited by guarantee and was incorporated on 29 March 1996. The charity is governed by its Memorandum and Articles of Association as amended on the 10 May 2005, 16 July 2007 and 20 October 2013, when the Company`s trading name was changed from Calderdale Bond Scheme Ltd (T/A Calderdale SmartMove) to the more straight forward Calderdale SmartMove Ltd. |
Calderdale SmartMove Ltd (Registered number: 03180389) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Recruitment and appointment of new trustees |
Anyone over the age of 18 can apply to become a trustee of the charity however trustees must be elected by the current trustees at the Annual general Meeting by those present. There are currently 6 trustees: the liability of each member in the event of winding up is limited to £1. |
As set out in the Articles of Association there shall always be a minimum of five trustees and maximum of twelve. The chair of the trustees is nominated at the Annual general meeting by the members present. The charity is managed and overseen by the trustees. |
Organisational structure |
The trustees make decisions regarding strategic matters and any unplanned expenditure over £1,000 |
However the chief executive makes decisions regarding the day-to-day running of the charity and manages the staff. Our chief executive is Stuart Rumney who has years experience in this charity |
All the members of the Board of Trustees give their time voluntarily and received no benefits from the charity. Any expenses reclaimed from the charity are set out in the notes to the accounts. |
Induction and training of new trustees |
The policy for inducting and training trustees has been reviewed and a training plan is now in place. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. |
Related parties |
None of the trustees receive remuneration or other benefit from their work with the charity but can received reimbursement of expenses incurred on behalf of the charity. |
Risk management |
The Board of Trustees reviews annually the major risks to which the charity is exposed and systems have been established to mitigate those risks. The Finance and Risk Sub-Committee reviews and updates the Risk Register at least every 6 months. Internal risks are minimised by the implementation of procedures for authorisation for all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity, including an annual review by our external legal advisors. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Calderdale SmartMove Ltd (Registered number: 03180389) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Company Secretary |
Independent Examiner |
T A Kelliher ACA |
Institute of Chartered Accountants in England & Wales |
Enigma Accountants Ltd |
Office B5, Croft Myl |
West Parade |
Halifax |
West Yorkshire |
HX1 2EQ |
Bankers |
Lloyds Bank Plc |
Commercial Street |
Halifax |
HX1 1BB |
TRUSTEES' RESPONSIBILITY STATEMENT |
The trustees (who are also the directors of Calderdale SmartMove Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". |
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to |
- | select suitable accounting policies and then apply them consistently; |
- | observe the methods and principles in the Charity SORP; |
- | make judgements and estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on |
Independent Examiner's Report to the Trustees of |
Calderdale SmartMove Ltd |
Independent examiner's report to the trustees of Calderdale SmartMove Ltd ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023. |
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 registered member of Institute of Chartered Accountants in England & Wales 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. |
T A Kelliher ACA |
Institute of Chartered Accountants in England & Wales |
Enigma Accountants Ltd |
Office B5, Croft Myl |
West Parade |
Halifax |
West Yorkshire |
HX1 2EQ |
Date: ............................................. |
Calderdale SmartMove Ltd |
Statement of Financial Activities |
for the Year Ended 31 March 2023 |
31.3.23 | 31.3.22 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Charitable activities | 5 |
Other trading activities | 3 |
Investment income | 4 |
Total |
EXPENDITURE ON |
Raising funds | 6 |
Charitable activities | 7 |
Total |
Net gains/(losses) on investments | ( |
) | ( |
) |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
Transfers between funds | 19 | 2,728 | (2,728 | ) | - | - |
Net movement in funds | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 522,211 |
Calderdale SmartMove Ltd (Registered number: 03180389) |
Balance Sheet |
31 March 2023 |
31.3.23 | 31.3.22 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 14 |
Investments | 15 |
CURRENT ASSETS |
Debtors | 16 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 17 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 19 |
Unrestricted funds | 434,301 |
Restricted funds | 87,910 |
TOTAL FUNDS | 522,211 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
Calderdale SmartMove Ltd (Registered number: 03180389) |
Balance Sheet - continued |
31 March 2023 |
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 |
Calderdale SmartMove Ltd |
Cash Flow Statement |
for the Year Ended 31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 | 9,202 | 48,258 |
Net cash provided by operating activities | 9,202 | 48,258 |
Cash flows from investing activities |
Purchase of tangible fixed assets | (2,104 | ) | (2,851 | ) |
Purchase of fixed asset investments | (24,000 | ) | (53,000 | ) |
Interest received | 3,118 | 993 |
Net cash used in investing activities | (22,986 | ) | (54,858 | ) |
Change in cash and cash equivalents in the reporting period |
(13,784 |
) |
(6,600 |
) |
Cash and cash equivalents at the beginning of the reporting period |
332,642 |
339,242 |
Cash and cash equivalents at the end of the reporting period |
318,858 |
332,642 |
Calderdale SmartMove Ltd |
Notes to the Cash Flow Statement |
for the Year Ended 31 March 2023 |
1. | RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
31.3.23 | 31.3.22 |
£ | £ |
Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) |
(24,138 |
) |
86,222 |
Adjustments for: |
Depreciation charges | 9,025 | 8,503 |
Losses/(gain) on investments | 899 | (2,429 | ) |
Interest received | (3,118 | ) | (993 | ) |
Decrease/(increase) in debtors | 24,182 | (23,796 | ) |
Increase/(decrease) in creditors | 2,352 | (19,249 | ) |
Net cash provided by operations | 9,202 | 48,258 |
2. | ANALYSIS OF CHANGES IN NET FUNDS |
At 1.4.22 | Cash flow | At 31.3.23 |
£ | £ | £ |
Net cash |
Cash at bank and in hand | 332,642 | (13,784 | ) | 318,858 |
332,642 | (13,784 | ) | 318,858 |
Total | 332,642 | (13,784 | ) | 318,858 |
Calderdale SmartMove Ltd |
Notes to the Financial Statements |
for the Year Ended 31 March 2023 |
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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, any performance conditions attached to the item(s) have been met, 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. |
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Freehold property | - |
Office improvements | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
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. |
Calderdale SmartMove Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
1. | ACCOUNTING POLICIES - continued |
Cash at bank and in hand |
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. |
Debtors and prepayments |
Debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts. |
Investments |
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date; unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading `Net gains/(losses) on investments` in the Statement of Financial Activities. |
Financial instruments |
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. |
Operating leases |
Rental charges are charged on a straight line basis over the terms of the lease. |
2. | DONATIONS AND LEGACIES |
31.3.23 | 31.3.22 |
£ | £ |
Donations |
Gift aid |
3. | OTHER TRADING ACTIVITIES |
31.3.23 | 31.3.22 |
£ | £ |
Furlough income | - | 3,754 |
4. | INVESTMENT INCOME |
31.3.23 | 31.3.22 |
£ | £ |
Interest received | 3,118 | 993 |
Calderdale SmartMove Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
5. | INCOME FROM CHARITABLE ACTIVITIES |
31.3.23 | 31.3.22 |
Activity | £ | £ |
Grants | General grants | 53,015 | 58,335 |
Fund generation | Fundraising | 58,764 | 35,077 |
Grants | Smart skills learning | 37,212 | 36,692 |
Adult, health & social care | Adult health & social care | 315,000 | 315,000 |
Grants | Nationwide Community | - | 49,760 |
Grants | Stronger Neighbourhoods | 21,300 | 21,300 |
6. | RAISING FUNDS |
Raising donations and legacies |
31.3.23 | 31.3.22 |
£ | £ |
Staff costs |
Fundraising expenses | 4,928 | 5,647 |
24,348 | 26,129 |
7. | CHARITABLE ACTIVITIES COSTS |
Grant |
funding of |
activities | Support |
Direct | (see note | costs (see |
Costs | 8) | note 9) | Totals |
£ | £ | £ | £ |
General grants | 272,342 | 10,769 | 120,575 | 403,686 |
Smart skills learning | 32,993 | - | 4,219 | 37,212 |
Nationwide Community | 49,760 | - | - | 49,760 |
Stronger Neighbourhoods | 20,827 | - | - | 20,827 |
375,922 | 10,769 | 124,794 | 511,485 |
8. | GRANTS PAYABLE |
31.3.23 | 31.3.22 |
£ | £ |
General grants | 10,769 | 6,727 |
Calderdale SmartMove Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
9. | SUPPORT COSTS |
Information | Governance |
Management | Finance | technology | costs | Totals |
£ | £ | £ | £ | £ |
General grants | 81,091 | 24,023 | 4,623 | 10,838 | 120,575 |
Smart skills learning | - | - | 1,488 | 2,731 | 4,219 |
81,091 | 24,023 | 6,111 | 13,569 | 124,794 |
10. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.3.23 | 31.3.22 |
£ | £ |
Independent examiners fee | 1,960 | 1,960 |
Depreciation - owned assets |
11. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. |
12. | STAFF COSTS |
31.3.23 | 31.3.22 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
432,357 | 382,048 |
The average monthly number of employees during the year was as follows: |
31.3.23 | 31.3.22 |
Direct charitable activities | 12 | 12 |
Administrative | 3 | 3 |
The key management of the charity comprises the trustees, chief executive and deputy chief executive. No remuneration or other benefits were paid to the trustees in this year or the year ended 31 March 2022. The employee benefits of the key management personnel of the charity were £98,321 (2022: £103,867). |
Calderdale SmartMove Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
13. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Other trading activities |
Investment income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Total |
Net gains on investments |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | 403,093 | 32,896 |
TOTAL FUNDS CARRIED FORWARD | 434,301 | 87,910 | 522,211 |
Calderdale SmartMove Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
14. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Office | and |
property | improvements | fittings |
£ | £ | £ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
Calderdale SmartMove Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
15. | FIXED ASSET INVESTMENTS |
Listed |
investments |
£ |
MARKET VALUE |
At 1 April 2022 |
Additions |
Revaluations | ( |
) |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 | 78,530 |
At 31 March 2022 | 55,429 |
There were no investment assets outside the UK. |
16. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Accruals |
Prepayments and other debtors |
17. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade creditors |
Accruals and deferred income |
Accrued expenses |
18. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.3.23 | 31.3.22 |
£ | £ |
Within one year |
Between one and five years |
Calderdale SmartMove Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
19. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.4.22 | in funds | funds | 31.3.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 434,301 | 11,205 | 2,728 | 448,234 |
Restricted funds |
Stronger Neighbourhoods | - | 473 | (473 | ) | - |
Big Lottery Community Fund | 22,817 | - | - | 22,817 |
Community Foundation for Calderdale | 1,500 | - | (1,500 | ) | - |
Clothworkers Foundation | 5,750 | (2,875 | ) | - | 2,875 |
Sovereign Healthcare | 2,500 | (1,250 | ) | - | 1,250 |
Coronavirus Community Support Fund | 1,333 | (1,333 | ) | - | - |
Nationwide Community Grant | 49,760 | (49,760 | ) | - | - |
Liz and Terry Bramall Foundation | 4,250 | (2,125 | ) | - | 2,125 |
B&Q Neighbourly | - | 2,351 | - | 2,351 |
Mayors Fund 2022 | - | 3,380 | - | 3,380 |
CFFC - Household Support Fund (2) | - | 2,090 | - | 2,090 |
CFFC -Digital & Warm Space | - | 7,827 | (755 | ) | 7,072 |
CFFC - I Will | - | 3,096 | - | 3,096 |
CFFC - Physical & Mental health | - | 2,783 | - | 2,783 |
(35,343 | ) | ( |
) |
TOTAL FUNDS | (24,138 | ) | 498,073 |
Calderdale SmartMove Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
19. | MOVEMENT IN FUNDS - continued |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 417,309 | (405,205 | ) | (899 | ) | 11,205 |
Restricted funds |
Stronger Neighbourhoods | 21,300 | (20,827 | ) | - | 473 |
Big Lottery Community Fund | 37,212 | (37,212 | ) | - | - |
Clothworkers Foundation | - | (2,875 | ) | - | (2,875 | ) |
Sovereign Healthcare | - | (1,250 | ) | - | (1,250 | ) |
Coronavirus Community Support Fund | - | (1,333 | ) | - | (1,333 | ) |
Nationwide Community Grant | - | (49,760 | ) | - | (49,760 | ) |
Liz and Terry Bramall Foundation | - | (2,125 | ) | - | (2,125 | ) |
B&Q Neighbourly | 3,683 | (1,332 | ) | - | 2,351 |
Mayors Fund 2022 | 4,280 | (900 | ) | - | 3,380 |
CFFC - Household Support Fund (2) | 3,500 | (1,410 | ) | - | 2,090 |
CFFC -Digital & Warm Space | 7,985 | (158 | ) | - | 7,827 |
CFFC - I Will | 4,125 | (1,029 | ) | - | 3,096 |
CFFC - Physical & Mental health | 4,960 | (2,177 | ) | - | 2,783 |
CFFC - Never Hungry Again | 4,100 | (4,100 | ) | - | - |
CFFC - Household Support Fund | 4,140 | (4,140 | ) | - | - |
( |
) | (35,343 | ) |
TOTAL FUNDS | ( |
) | ( |
) | (24,138 | ) |
Calderdale SmartMove Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
19. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.4.21 | in funds | 31.3.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 403,093 | 31,208 | 434,301 |
Restricted funds |
Big Lottery Community Fund | 2,943 | 19,874 | 22,817 |
Community Foundation for Calderdale | 1,500 | - | 1,500 |
Community Foundation for Calderdale - Emergency Fund |
1,834 |
(1,834 |
) |
- |
Crisis UK | 400 | (400 | ) | - |
Clothworkers Foundation | 8,625 | (2,875 | ) | 5,750 |
Sovereign Healthcare | 3,750 | (1,250 | ) | 2,500 |
Coronavirus Community Support Fund | 2,667 | (1,334 | ) | 1,333 |
Nationwide Community Grant | 4,802 | 44,958 | 49,760 |
Liz and Terry Bramall Foundation | 6,375 | (2,125 | ) | 4,250 |
32,896 | 55,014 | 87,910 |
TOTAL FUNDS | 435,989 | 86,222 | 522,211 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 441,048 | (412,269 | ) | 2,429 | 31,208 |
Restricted funds |
Stronger Neighbourhoods | 21,300 | (21,300 | ) | - | - |
Big Lottery Community Fund | 36,692 | (16,818 | ) | - | 19,874 |
Community Foundation for Calderdale - Emergency Fund |
- |
(1,834 |
) |
- |
(1,834 |
) |
Crisis UK | - | (400 | ) | - | (400 | ) |
Clothworkers Foundation | - | (2,875 | ) | - | (2,875 | ) |
Sovereign Healthcare | - | (1,250 | ) | - | (1,250 | ) |
Coronavirus Community Support Fund | - | (1,334 | ) | - | (1,334 | ) |
Nationwide Community Grant | 49,760 | (4,802 | ) | - | 44,958 |
Liz and Terry Bramall Foundation | - | (2,125 | ) | - | (2,125 | ) |
107,752 | (52,738 | ) | - | 55,014 |
TOTAL FUNDS | 548,800 | (465,007 | ) | 2,429 | 86,222 |
Calderdale SmartMove Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
19. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net | Transfers |
movement | between | At |
At 1.4.21 | in funds | funds | 31.3.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 403,093 | 42,413 | 2,728 | 448,234 |
Restricted funds |
Stronger Neighbourhoods | - | 473 | (473 | ) | - |
Big Lottery Community Fund | 2,943 | 19,874 | - | 22,817 |
Community Foundation for Calderdale | 1,500 | - | (1,500 | ) | - |
Community Foundation for Calderdale - Emergency Fund |
1,834 |
(1,834 |
) |
- |
- |
Crisis UK | 400 | (400 | ) | - | - |
Clothworkers Foundation | 8,625 | (5,750 | ) | - | 2,875 |
Sovereign Healthcare | 3,750 | (2,500 | ) | - | 1,250 |
Coronavirus Community Support Fund | 2,667 | (2,667 | ) | - | - |
Nationwide Community Grant | 4,802 | (4,802 | ) | - | - |
Liz and Terry Bramall Foundation | 6,375 | (4,250 | ) | - | 2,125 |
B&Q Neighbourly | - | 2,351 | - | 2,351 |
Mayors Fund 2022 | - | 3,380 | - | 3,380 |
CFFC - Household Support Fund (2) | - | 2,090 | - | 2,090 |
CFFC -Digital & Warm Space | - | 7,827 | (755 | ) | 7,072 |
CFFC - I Will | - | 3,096 | - | 3,096 |
CFFC - Physical & Mental health | - | 2,783 | - | 2,783 |
32,896 | 19,671 | (2,728 | ) | 49,839 |
TOTAL FUNDS | 435,989 | 62,084 | - | 498,073 |
Calderdale SmartMove Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
19. | 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: |
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 858,357 | (817,474 | ) | 1,530 | 42,413 |
Restricted funds |
Stronger Neighbourhoods | 42,600 | (42,127 | ) | - | 473 |
Big Lottery Community Fund | 73,904 | (54,030 | ) | - | 19,874 |
Community Foundation for Calderdale - Emergency Fund |
- |
(1,834 |
) |
- |
(1,834 |
) |
Crisis UK | - | (400 | ) | - | (400 | ) |
Clothworkers Foundation | - | (5,750 | ) | - | (5,750 | ) |
Sovereign Healthcare | - | (2,500 | ) | - | (2,500 | ) |
Coronavirus Community Support Fund | - | (2,667 | ) | - | (2,667 | ) |
Nationwide Community Grant | 49,760 | (54,562 | ) | - | (4,802 | ) |
Liz and Terry Bramall Foundation | - | (4,250 | ) | - | (4,250 | ) |
B&Q Neighbourly | 3,683 | (1,332 | ) | - | 2,351 |
Mayors Fund 2022 | 4,280 | (900 | ) | - | 3,380 |
CFFC - Household Support Fund (2) | 3,500 | (1,410 | ) | - | 2,090 |
CFFC -Digital & Warm Space | 7,985 | (158 | ) | - | 7,827 |
CFFC - I Will | 4,125 | (1,029 | ) | - | 3,096 |
CFFC - Physical & Mental health | 4,960 | (2,177 | ) | - | 2,783 |
CFFC - Never Hungry Again | 4,100 | (4,100 | ) | - | - |
CFFC - Household Support Fund | 4,140 | (4,140 | ) | - | - |
203,037 | (183,366 | ) | - | 19,671 |
TOTAL FUNDS | 1,061,394 | (1,000,840 | ) | 1,530 | 62,084 |
The unrestricted funds are to be used to assist the charity with its aims and objectives as detailed in the trustees report. |
Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors. |
20. | EMPLOYEE BENEFIT OBLIGATIONS |
The charity made pension contributions into a stakeholder pension scheme for its employees of £14,715 (2022 : £14,021). There were no contributions due to the pension provider at the year end (2022: Nil). |
Calderdale SmartMove Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
21. | CONTINGENT LIABILITIES |
At 31 March 2023 the charity had guaranteed bonds for accommodation amounting to £8,086 (2022 : £7,535). |
22. | RELATED PARTY DISCLOSURES |
23. | LEGAL STATUS OF THE CHARITY |
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of a winding up is limited to £1. |
24. | INDEPENDENT EXAMINERS REMUNERATION |
Fees payable for the independent examination £1,960 (2022: £1,960). |
Fees for the accountancy services are £2,960 (2022: £2,660). |