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REPORT OF THE TRUSTEES AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020 |
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SHIFT.MS |
REGISTERED COMPANY NUMBER:
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REGISTERED CHARITY NUMBER:
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REPORT OF THE TRUSTEES AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020 |
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SHIFT.MS |
SHIFT.MS |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 April 2020 |
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Reference and Administrative Details | 1 |
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Report of the Trustees | 2 | to | 6 |
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Independent Examiner's Report | 7 |
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Statement of Financial Activities | 8 |
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Balance Sheet | 9 | to | 10 |
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Cash Flow Statement | 11 |
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Notes to the Cash Flow Statement | 12 |
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Notes to the Financial Statements | 13 | to | 20 |
SHIFT.MS |
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REFERENCE AND ADMINISTRATIVE DETAILS |
for the year ended 30 April 2020 |
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TRUSTEES |
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REGISTERED OFFICE |
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REGISTERED COMPANY NUMBER |
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REGISTERED CHARITY NUMBER |
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INDEPENDENT EXAMINER | Baty Casson Long |
Windsor House |
Cornwall Road |
Harrogate |
North Yorkshire |
HG1 2PW |
SHIFT.MS (REGISTERED NUMBER: 06000961) |
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REPORT OF THE TRUSTEES |
for the year ended 30 April 2020 |
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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 30 April 2020. 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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A list of current trustees is provided on page 1. |
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SHIFT.MS (REGISTERED NUMBER: 06000961) |
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REPORT OF THE TRUSTEES |
for the year ended 30 April 2020 |
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OBJECTIVES AND ACTIVITIES |
Significant activities |
To advance the education of the public in the subject of multiple sclerosis, in particular but not exclusively, by the provision of a website. |
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2019/20 marked ten years since the Shift.ms service was launched. To mark this occasion, this page was created: www.shift.ms/ten |
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IMPACT: |
An evaluation of new users has shown that: |
90% of people feel supported and encouraged by other Shift.ms members |
85% report that using Shift.ms has helped them come to terms with having MS |
88% report that Shift.ms has helped them deal with the uncertainties of having MS |
Ongoing evaluation of specific elements of the Shift.ms service shows that 87% of people report that they get what they need within 24 hours of posting on the forum. |
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INCREASE MEMBERSHIP: |
Shift.ms membership continues to increase with 2019/20 seeing the largest annual growth to date with over 10,000 people with MS registering with the service. |
At the end of 2019/20 www.shift.ms had 34,000 members. |
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MEMBER PARTICIPATION. |
The Buddy Network was awarded funding from the National Lottery Community Fund during 2019/20 which has allowed us to significantly scale the project from a national pilot in the UK to a global network of one-to-one peer support. We now have buddies from across Europe, North America and Australia. A Buddy Network Mentor Committee has been developed to oversee and direct future developments consisting of healthcare professionals and MSers. |
In reaction to increasing need, Shift.ms launched an unfunded pilot of Co-vid Companion on 23 March 2020. Co-vid Companion aims to reduce the isolation and loneliness that can exist during a pandemic by connecting MSers who are self- isolating or experiencing heightened levels of loneliness by connecting them via video calls. |
We've worked with more volunteers this year than ever before, with Buddies being the largest area of growth. We've been focusing on how we can improve the impact volunteering has on MSers. The key impact has been an increase in the percentage of volunteers who felt better connected to others through their experience, this rose from 81% to 97.5%. |
The member roadmap has now been integrated into the Salesforce CRM and we'll be able to use this information to report on where people are in their journey and look at service design to prompt them through this journey. |
Shift.ms and the European MS Platform (EMSP) successfully held the second MS Sessions festival in October 2019 bringing together young people with MS from across Europe. 142 people with MS from over 35 European countries during the two day festival. 99% of respondents said that MS Sessions has made them feel part of a community. 94% of respondents said that MS Sessions has increased their confidence in managing MS. |
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VIDEO EXCELLENCE: |
A.M. is a film that tells the story of MS nurses and in doing so tells the everyday stories of people living with MS. A.M. was launched in November 2019. The film has had over 17,000 views and has received positive feedback from the MS Nurse, other health professionals and the MS community. |
Awake is a short film that explores the interplay between MS, sleep and mental health. It is an experimental documentary film that unfolds over one night. Voices from real late-night phone calls from MSers are woven together to reflect life and death from the unique perspective of those experiencing both insomnia and a neurological disease. The film has received over 100,000 views on YouTube. |
#Relapses 24 x 24 - Shift.ms received 1,700 survey responses from members regarding their personal experience of relapses. An analysis of the results became the backbone to an ethnographic study of Shift.ms members, with the interviews recorded, edited and released as a series of stories on World MS Day 2019. These stories were released every hour on Instagram across 24 hours and have since been released as a documentary on YouTube. The films have currently been viewed over 55,000 times and have received wide praise from the MS community. |
PPE for the Mind - On the back of the COVID-19 pandemic, and as part of #MentalHealthAwarenessWeek, Shift.ms launched 'PPE for the Mind' - a video course designed in collaboration with Neuropsychologist Jo Johnson. The course was designed to help build mental resilience to deal with uncertainty. While the need for the content was great during the global pandemic, the course will be built into the service and will be useful for anyone needing the mental reliance to deal with uncertainty. |
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SHIFT.MS (REGISTERED NUMBER: 06000961) |
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REPORT OF THE TRUSTEES |
for the year ended 30 April 2020 |
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SUSTAINABLE INCOME: |
A new fundraising strategy has been developed as part of this year's strategic review to support implementation of Shift.ms new 3-year business strategy. The fundraising will focus on diversifying income streams by growing revenue from grants, and introducing other fundraised income streams over the next 3-year period. |
A new case for support has been developed to support fundraising for each core strategic priority area. |
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THE FUTURE OF MS REPORTERS |
During 2019/20, the Shift.ms trustees have taken time to consider how best to allow the MS Reporters project to thrive whilst also scaling the concept into conditions beyond MS. As a result of these discussions, Articulated Health CIC was formed as a social enterprise in April 2020. It was established as a vehicle to scale the successful 'MS Reporters' programme, previously run through Shift.ms, into conditions beyond multiple sclerosis (MS). Articulated Health CIC is a community Interest Company Limited by Guarantee without share capital (Company number 12543266). Shift.ms is a Member of the CIC and the asset-lock organisation under the CIC. |
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COVID-19: |
The COVID-19 pandemic dominated the final quarter of 2019/20. In response to the pandemic, Shift.ms responded by prioritising the following areas for its members: |
Connecting MSers with others through Co-vid Companion - an initiative launched in March 2020 that sets up video calls between MSers in isolation. |
Informing MSers through the latest information and expert insight, providing responses to MSers' individual and specific questions regarding the COVID-19 pandemic. |
Providing mental health support to MSers by collaborating with leading healthcare specialists to offer clinically- proven interventions to enhance mind & cognitive fitness. |
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As a digital organisation, Shift. ms has been able to provide a full service to its beneficiaries throughout the crisis, a time that has seen unprecedented demand for the Charity's services. |
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ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
In 2019/20, Shift.ms worked with 275 volunteers, which means for every member of staff, we have 24 volunteers. 95% of whom are MSers and members of www.Shift.ms. Our volunteers deliver some of our key services by sharing their skills and lived experience with the community. Volunteers contributed 1,500 hours and worked behind the scenes in a number of roles including creating social media content, providing support to newly diagnosed MSers through the Buddy Network and writing blog content. |
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The community raised £35,756 by taking part in a number of public fundraising activities. Shift.ms wishes to thank the community for their continued support and generosity. |
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www.Shift.ms had 34,000 registered members in April 2020. |
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Investment performance |
The trustees are currently satisfied with the investment performance of the assets on deposit and at present do not have any plans to vary the current arrangements. |
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Internal and external factors |
The trustees have made a full assessment of the internal and external factors that may affect these financial statements and do not deem any factors material enough to have an impact. |
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The Trustees have assessed the likely impact of Covid-19 on the financial position of Shift.ms. The 2020/21 budget was set based on a realistic assessment of the income receivable and will be monitored and updated on a regular basis during the year with actions taken as required. The Trustees are satisfied that shift.ms is a going concern. |
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FINANCIAL REVIEW |
Principal funding sources |
Public fundraising, grants, corporate partnerships and earned income. |
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SHIFT.MS (REGISTERED NUMBER: 06000961) |
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REPORT OF THE TRUSTEES |
for the year ended 30 April 2020 |
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FINANCIAL REVIEW |
Reserves policy |
In accordance with charity law, all income received by Shift.ms is applied towards its charitable purposes within a reasonable period of receipt. In meeting this obligation, the Trustees of Shift.ms take into account the need to maintain reserves commensurate with the charity's financial circumstances and other relevant factors. The trustees of Shift.ms monitor the level of such reserves throughout the year and regularly review the reserves policy to |
ensure that it meets Shifts.ms' changing needs and circumstances. For the current year Shift.ms aims to maintain reserves to cover the risk of a budgeted source of income not materialising or being renewed. |
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Shift.ms has diversified the sources of income over the last two years. As a result, the Trustees approved a change in the reserves policy to ensure income is being used to further Shift.ms objectives, whilst ensuring adequate reserves are maintained. The reserves are now calculated as a minimum of three months unrestricted expenditure, plus any additional amount the trustees feel necessary based on an analysis of the financial impact of significant |
risks identified through the risk management process. The level of Unrestricted Reserves required has been calculated as £130,781. The current level of reserves per the statutory accounts is £128,164. |
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The actual level of Unrestricted Reserves at the end of the year is therefore £2,617 less than the required level calculated by the Trustees. The Trustees plan to increase the level of Unrestricted Reserves to ensure that the charity has sufficient reserves to fund three months of running costs. This will be achieved through putting actions in place to increase the level of general fundraising, individual giving and applying for grants to cover core costs. |
This will be actioned by the CEO together with the Head of Fundraising who will be set specific targets to meet. |
Expenditure will also be monitored closely and action taken to reduce as required. Once the CIC has been established the level of unrestricted reserves required will reduce to £95,000 based on three months. |
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The Trustees will also re-assess the calculation of the minimum level of Unrestricted Reserves on an annual basis to ensure that it remains sufficient and takes into account any changes in Shift.ms' circumstances. The trustees will review the amount of reserves that are required on a quarterly basis to ensure that they are adequate to fulfil the charity's continuing obligations. It is anticipated that the actual level of Unrestricted Reserves will match the level |
calculated by the Trustees required by April 2021. |
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FUTURE DEVELOPMENTS |
In 2020/21 Shift.ms has undergone a strategic review to analyse the performance of the previous strategy, reflect on the latest organisational developments, identify new growth areas, improve our impact, and reflect the changing external environment with the ongoing COVID -19 crisis and post crisis. We have developed a new 3-year strategy for the period 2020-2023. This strategy identifies new strategic priorities focusing on amplifying Shift.ms' positive impact on MSers and the operational areas required to deliver our strategy in a post-COVID-19 world: |
1. Increasing and improving peer-to-peer support for MSers |
2. Improving access to peer-to-peer support by reaching newly diagnosed MSers as early as possible |
3. Enabling MSers to better manage their long-term health condition by providing relevant and timely health information and maximising the opportunities for MSers to learn through lived experience |
4. Ensuring Shift.ms is well equipped and resourced to deliver impact by making targeted investment in our core service areas and developing balanced and sustainable income streams. |
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The business plan for the next financial year will operationalise these strategic priorities. |
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STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006, incorporated in England and Wales. |
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Charity constitution |
The Charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. |
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SHIFT.MS (REGISTERED NUMBER: 06000961) |
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REPORT OF THE TRUSTEES |
for the year ended 30 April 2020 |
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STRUCTURE, GOVERNANCE AND MANAGEMENT |
Induction and training of new trustees |
All new trustees are deemed to have sufficient knowledge of their specific field to understand the nature of Shift.ms and to contribute to the charity's current and medium term strategies. |
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Trustees are given an in-house induction shortly after being appointed and are required to attend an external trustee training course and are encouraged to do so within twelve months of joining the board. |
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The charity is governed by its trustees in accordance with the guidelines laid down by the Charity Commission. |
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Risk management |
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. In the opinion of the trustees the only material risk would relate to the custody of funds on deposit and adequate arrangements have been made to safeguard these funds. |
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The management and the trustees maintain a risk register, which is updated at least annually, and includes mitigation actions. |
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EVENTS SINCE THE END OF THE YEAR |
Information relating to events since the end of the year is given in the notes to the financial statements. |
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Approved by order of the board of trustees on
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
SHIFT.MS |
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Independent examiner's report to the trustees of Shift.MS ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2020. |
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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'). |
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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. |
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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 and Wales which is one of the listed bodies. |
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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: |
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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)). |
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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. |
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John Alistair Baty F.C.A. |
Institute of Chartered Accountants in England and Wales |
Baty Casson Long |
Windsor House |
Cornwall Road |
Harrogate |
North Yorkshire |
HG1 2PW |
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23 November 2020 |
SHIFT.MS |
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STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
for the year ended 30 April 2020 |
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30.4.20 | 30.4.19 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
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Investment income | 3 |
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Other income |
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Total |
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EXPENDITURE ON |
Raising funds | 4 |
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Charitable activities | 5 |
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Total |
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NET INCOME/(EXPENDITURE) | ( |
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Transfers between funds | 13 | (457 | ) | 457 | - | - |
Net movement in funds | ( |
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RECONCILIATION OF FUNDS |
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Total funds brought forward |
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TOTAL FUNDS CARRIED FORWARD |
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225,494 |
SHIFT.MS (REGISTERED NUMBER: 06000961) |
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BALANCE SHEET |
30 April 2020 |
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30.4.20 | 30.4.19 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 10 |
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CURRENT ASSETS |
Debtors | 11 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 12 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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NET ASSETS |
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FUNDS | 13 |
Unrestricted funds: |
Funds | 128,164 | 128,940 |
Restricted funds: |
Funds | 97,999 | 96,554 |
TOTAL FUNDS |
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225,494 |
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020. |
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The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006. |
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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. |
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SHIFT.MS (REGISTERED NUMBER: 06000961) |
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BALANCE SHEET - continued |
30 April 2020 |
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These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
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The financial statements were approved by the Board of Trustees and authorised for issue on
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SHIFT.MS |
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CASH FLOW STATEMENT |
for the year ended 30 April 2020 |
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30.4.20 | 30.4.19 |
Notes | £ | £ |
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Cash flows from operating activities |
Cash generated from operations | 1 | (96,651 | ) | (65,569 | ) |
Net cash used in operating activities | (96,651 | ) | (65,569 | ) |
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Cash flows from investing activities |
Purchase of tangible fixed assets | - | (3,739 | ) |
Net cash provided by/(used in) investing activities | - | (3,739 | ) |
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Change in cash and cash equivalents in
the reporting period |
(96,651 |
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(69,308 |
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Cash and cash equivalents at the
beginning of the reporting period |
208,024 |
277,332 |
Cash and cash equivalents at the end of
the reporting period |
111,373 |
208,024 |
SHIFT.MS |
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NOTES TO THE CASH FLOW STATEMENT |
for the year ended 30 April 2020 |
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1. |
RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES |
30.4.20 | 30.4.19 |
£ | £ |
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities) |
669 |
(60,046 |
) |
Adjustments for: |
Depreciation charges | 2,703 | 2,331 |
(Increase)/decrease in debtors | (126,873 | ) | 23,754 |
Increase/(decrease) in creditors | 26,850 | (31,608 | ) |
Net cash used in operations | (96,651 | ) | (65,569 | ) |
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2. | ANALYSIS OF CHANGES IN NET FUNDS |
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At 1.5.19 | Cash flow | At 30.4.20 |
£ | £ | £ |
Net cash |
Cash at bank | 208,024 | (96,651 | ) | 111,373 |
208,024 | (96,651 | ) | 111,373 |
Total | 208,024 | (96,651 | ) | 111,373 |
SHIFT.MS |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 April 2020 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: |
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Basis of preparation |
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. |
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Shift.ms meets the definition of a public benefit entity under FRS 102. |
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Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). |
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Preparation of the accounts on a going concern basis |
The accounts have been prepared on a going concern basis. No material uncertainties existed in the consideration of the company's going concern status at the year-end and for the foreseeable future. |
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Compliance with FRS 102 1A |
In the preparation of these statutory accounts the company has fully complied with the requirements of FRS 102 1A as far as applicable to a small corporate charity. |
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Income |
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants,is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. |
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Donated services and facilities |
In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised. Please see to the trustees’ annual report for more information about their contribution. |
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Interest receivable |
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank. |
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Fund accounting |
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Charity's work or for specific projects being undertaken by the Charity. |
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Expenditure |
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required 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. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. |
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Allocation of support costs |
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include accountancy, payroll and governance costs which support the Trusts programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. |
SHIFT.MS |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2020 |
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1. | ACCOUNTING POLICIES - continued |
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Expenditure |
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Raising funds |
Raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities, events and non-charitable trading. |
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Debtors |
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. |
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Cash at bank and in hand |
Cash at bank and cash 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. |
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Creditors and provisions |
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. |
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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. |
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Raising funds |
The charity benefits greatly from the involvement and enthusiastic support of its many |
volunteers, details of which are given in our annual report. In accordance with FRS 102 |
and the Charities SORP (FRS 102), the economic contribution of general volunteers is not |
recognised in the accounts. |
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Tangible fixed assets |
Individual fixed assets costing £250 or more are capitalised at cost and are depreciated |
over their estimated useful economic lives on a straight line basis as follows: |
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Office equipment 20% straight line |
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Taxation |
The charity is exempt from corporation tax on its charitable activities. |
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The charity is exempt from tax on income and gains falling within section 505 of the Taxes |
Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that |
these are applied to its charitable objects. |
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Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
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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. |
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SHIFT.MS |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2020 |
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2. | DONATIONS AND LEGACIES |
30.4.20 | 30.4.19 |
£ | £ |
Trust projects |
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Community fundraising |
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3. | INVESTMENT INCOME |
30.4.20 | 30.4.19 |
£ | £ |
Investment income | 20 | 14 |
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4. | RAISING FUNDS |
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Raising donations and legacies |
30.4.20 | 30.4.19 |
£ | £ |
Costs of activities for generating funds |
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5. | CHARITABLE ACTIVITIES COSTS |
Direct |
Costs |
£ |
Governance | 7,971 |
Operational cost | 620,145 |
Service development | 307,955 |
936,071 |
|
6. | NET INCOME/(EXPENDITURE) |
|
Net income/(expenditure) is stated after charging/(crediting): |
|
30.4.20 | 30.4.19 |
£ | £ |
Depreciation - owned assets |
|
|
Independent examination | 500 | 500 |
Accounts preparation and compliance services | 1,000 | 1,000 |
|
7. | TRUSTEES' REMUNERATION AND BENEFITS |
|
Trustees' expenses |
|
No trustees' remuneration was paid for the year ended 30th April 2020. (2019: £nil). |
|
Trustee's' expenses of £629 were paid for the year ended 30th April 2020, for travel, accommodation and subsistence in respect of four (4) trustees (2019: £595). |
|
SHIFT.MS |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2020 |
|
8. | AVERAGE NUMBER OF EMPLOYEES |
|
Average number of employees for 2020 -
|
|
9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
|
|
|
|
Investment income |
|
|
|
Other income |
|
|
|
Total |
|
|
|
|
|
EXPENDITURE ON |
Raising funds |
|
|
|
|
Charitable activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
|
Transfers between funds | 31,949 | (31,949 | ) | - |
Net movement in funds |
|
( |
) | ( |
) |
|
RECONCILIATION OF FUNDS |
|
Total funds brought forward | 127,043 | 158,497 |
|
|
TOTAL FUNDS CARRIED FORWARD | 128,940 | 96,554 | 225,494 |
|
SHIFT.MS |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2020 |
|
10. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 May 2019 and 30 April 2020 |
|
DEPRECIATION |
At 1 May 2019 |
|
Charge for year |
|
At 30 April 2020 |
|
NET BOOK VALUE |
At 30 April 2020 |
|
At 30 April 2019 |
|
|
11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.20 | 30.4.19 |
£ | £ |
Funds raised not yet received | 1,166 | 19,352 |
Prepayments and accrued income |
|
|
|
|
|
12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.20 | 30.4.19 |
£ | £ |
Trade creditors |
|
|
Accrued expenses |
|
|
|
|
|
13. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.5.19 | in funds | funds | 30.4.20 |
£ | £ | £ | £ |
Unrestricted funds |
Funds | 128,940 | (319 | ) | (457 | ) | 128,164 |
|
Restricted funds |
Funds | 96,554 | 988 | 457 | 97,999 |
|
TOTAL FUNDS |
|
669 |
|
226,163 |
SHIFT.MS |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2020 |
|
13. | MOVEMENT IN FUNDS - continued |
|
Net movement in funds, included in the above are as follows: |
|
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
Funds | 186,988 | (187,307 | ) | (319 | ) |
|
Restricted funds |
Funds | 762,861 | (761,873 | ) | 988 |
|
TOTAL FUNDS |
|
( |
) | 669 |
|
|
Comparatives for movement in funds |
|
Net | Transfers |
movement | between | At |
At 1.5.18 | in funds | funds | 30.4.19 |
£ | £ | £ | £ |
Unrestricted funds |
Funds | 127,043 | (30,052 | ) | 31,949 | 128,940 |
|
Restricted funds |
Funds | 158,497 | (29,994 | ) | (31,949 | ) | 96,554 |
|
TOTAL FUNDS | 285,540 | (60,046 | ) | - | 225,494 |
|
Comparative net movement in funds, included in the above are as follows: |
|
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
Funds | 37,169 | (67,221 | ) | (30,052 | ) |
|
Restricted funds |
Funds | 652,949 | (682,943 | ) | (29,994 | ) |
|
TOTAL FUNDS | 690,118 | (750,164 | ) | (60,046 | ) |
SHIFT.MS |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2020 |
|
13. | 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 1.5.18 | in funds | funds | 30.4.20 |
£ | £ | £ | £ |
Unrestricted funds |
Funds | 127,043 | (30,371 | ) | 31,492 | 128,164 |
|
Restricted funds |
Funds | 158,497 | (29,006 | ) | (31,492 | ) | 97,999 |
|
TOTAL FUNDS | 285,540 | (59,377 | ) | - | 226,163 |
|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
|
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
Funds | 224,157 | (254,528 | ) | (30,371 | ) |
|
Restricted funds |
Funds | 1,415,810 | (1,444,816 | ) | (29,006 | ) |
|
TOTAL FUNDS | 1,639,967 | (1,699,344 | ) | (59,377 | ) |
|
14. | EMPLOYEE BENEFIT OBLIGATIONS |
|
The staging date for pension auto enrolment was 1 July 2017 when all the employees were enrolled with Legal and General. |
|
15. | RELATED PARTY DISCLOSURES |
|
There were no related party transactions. (2019: none). |
|
16. | POST BALANCE SHEET EVENTS |
|
There are no post balance sheet events. |
|
SHIFT.MS |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2020 |
|
17. | ULTIMATE CONTROLLING PARTY |
|
The charity is under the control of the Board of Trustees. |