Scope. Summary financial statements 2013 / 14

Transcription

1 Scope Summary financial statements 2013 / 14 1

2 Contents Our vision, purpose and beliefs 3 Changing society in 2013 / 14 4 Financial performance 7 Where our money came from 8 and how we spent it Trustees statement 9 Independent auditors statement 10 to the members of Scope Summary group statement 12 of financial activities Summary group balance sheet 14 as at 31 March 2014 Company number: Charity registration number:

3 Our vision A world where disabled people have the same opportunities as everyone else. Our purpose To drive change across society so that disabled people have the same opportunities as everyone else. Our beliefs We see the person and we set no limit on potential. We believe in independence, inclusion and freedom to choose. Everyday life equality. No more. No less. Together we can create a better society. What we are here to do Scope exists to make this country a place where disabled people have the same opportunities as everyone else. Until then, we ll be here. We provide support, information and advice to more than a quarter of a million disabled people and their families every year. We raise awareness of the issues that matter. And with your support, we ll keep driving change across society until this country is great for everyone. 3

4 Changing society in 2013 / / 14 was a significant year for Scope with a number of important steps taken in our work to change society for the better. Reviewing our services portfolio against our strategy has been one major priority that is now well underway, with proposals for a number of our residential care homes announced. This has understandably been difficult for many people, but the review is absolutely necessary and we are investing in doing it the right way. Increasing the profile of disability issues and of Scope s work has been another important aim and End the Awkward, our first significant awareness-raising activity for many years, was planned throughout 2013 / 14 and launched in May Beyond these major projects, more and more of our work has been aligned with Changing Society, our ambitious strategy some of our achievements are detailed below. Overall, Scope remains in a strong position, financially and organisationally, to continue making a positive difference into the future. Some key achievements Living independently in the community We invested in personalisation training for customers and staff. Among other things, this means we can better support people to manage personal budgets. Our Britain Cares campaign attracted the support of over 121,000 people to support our argument on eligibility for care funding. We began to review our current services for disabled people and their families, particularly our residential care home portfolio. This led us to the decision to propose closure or significant change to around 11 of our more old-fashioned residential care homes. We are now consulting with, and supporting, everyone affected. 4

5 Fulfilling family lives Our Face 2 Face service, which supports parents of disabled children through befriending networks, was positively evaluated by an external agency (nfp Synergy), confirming the transformative impact of the service for parents of disabled children, particularly during times of pressure or crisis. Based on this, we decided to expand the service so we can support more families in this way. We also made began to grow our Sleep Solutions and fostering services. Learning and skills We particularly focused on further education, piloting new approaches to supporting young disabled adults in Carlisle and Blackpool. We launched the Learning Together Toolkit, a suite of teaching and classroom materials that provides teachers and classroom assistants with practical ways to make their lessons more inclusive. Work and volunteering We continued to deliver our Work Choice employment services, exceeding the targets we were set by the Department for Work and Pensions. We also worked in partnership with Mind and Marie Curie to develop and launch a voluntary work experience programme with Job Centre Plus. Our First Impressions, First Experiences project, a career training course for young disabled people living in East London, continued to deliver impressive outcomes and is something we are now looking to replicate in other areas. 5

6 Financial well-being We successfully tested an initiative to improve disabled people s skills in managing their finances, supported by Capital One and working with Disability Direct. We worked with npower to promote the Energy Companies Obligation initiative, helping to reduce fuel poverty among disabled people. We have started to develop specialist financial products, such as insurance, aimed specifically at the needs of disabled people whilst remaining fairly priced and providing appropriate cover. Disabled leaders and role models We increasingly ensured disabled people were at the centre of our communications. To support this, we invested in doing more to capture disabled people s real life experience through case studies and research. 6

7 Financial performance In 2013 / 14 we invested in key areas of work in order to take forward the delivery of our strategy. After a number of years of strong financial performance, we felt in a good position to do this and incurred a deficit after pension losses of 1,242,000 (2013: deficit 564,000), in line with budget expectations. Total income from voluntary fundraising (including grants) increased from 18.6 million to 20.7 million, an increase of 12 percent. Growth occurred in all areas of fundraising activity but particularly in events and individual giving, the latter as a result of the continued investment in the expansion of our individual giving recruitment programme which started in 2011 / 12. Gross income from our charity shop chain, 23.0 million, was 0.5 million higher this year. Trading was difficult during the first half of the year but picked up after Christmas with a very successful final quarter. Donated sales were up 3.3 percent ( 0.6 million). Shop numbers were slightly lower with 13 closures being offset by seven new openings. We also continued to invest in our shops, refitting nine and refreshing 22. Fee income, which is primarily earned from statutory funders for our services, at 54.9 million was 3.7 million below last year. As part of our ongoing services transformation programme, a number of services were closed. This was partly offset by successes in developing new services. Total expenditure on charitable activities was 71.3 million (2013: 70.8 million). 95 percent of this was on services that directly support our disabled customers to achieve choice, control, inclusion and independence in their lives. We continue to focus on delivering efficiencies in our services whilst improving service quality and safety. The expenditure on domiciliary, outreach and day services increased significantly as a result of Scope continuing to win new contracts for services. Volunteers have always been vital in delivering our work and bring their time, energy and enthusiasm to many activities in the organisation. We have over 9,000 volunteers across Scope. In our shops alone volunteers contributed over 1.6 million hours in time. Thank you to everyone who gave time or money or donations to support us over the last year. 7

8 Where our money came from Sales and other income 3% Grants 4% Donations, gifts and legacies 17% Retail income 23% Fees 53% How we spent it Governance and other costs 1% Influencing and capacity building 3% fundraising and retail costs 30% Costs of providing services 66% 8

9 Trustees statement The summary financial statements are not the full annual report and financial statements but a summary of information derived from both the group s statement of financial activities and the group s balance sheet. The summary financial statements contain additional information derived from the Trustees report, but that information is not the full text of that report. The full annual report and financial statements, from which the summary financial statements are derived, were approved by the Trustees on 19 July 2013 and copies have been filed with the Charity Commission and at Companies House. The independent auditors have issued an unqualified report on the full financial statements and on the consistency of the Trustees report with those financial statements. The statement in the independent auditors report, under section 496 of the Companies Act 2006, was unqualified. The full independent auditors report contained no statement under sections 498(2)(a) and (b) or 498(3) of the Companies Act The full annual report and financial statements are available from the Scope website (scope.org.uk). Alice Maynard Chair of Scope 9

10 Independent auditors statement to the members of Scope We have examined the supplementary financial information included within the Summary Financial Statements for the year ended 31 March 2014, which comprises the summary group statement of financial position as at 31 March 2014 and the summary group balance sheet for the year then ended. Respective responsibilities of the directors and the auditors The trustees are responsible for preparing the Summary Financial Statements, in accordance with the Companies Act 2006 which includes information extracted from the full annual financial statements of Scope for the year ended 31 March Our responsibility is to report to you our opinion on the consistency of the summary financial information, included within the Summary Financial Statements, with those full annual financial statements. This statement, including the opinion, has been prepared for and only for the charity s members and Trustees as a body and for no other purpose. We do not, in giving this opinion, accept or assume responsibility for any other purpose or to any other person to whom this statement is shown or into whose hands it may come save where expressly agreed by our prior consent in writing. 10

11 Basis of opinion Our examination involved agreeing the balances disclosed in the summary financial information to full annual financial statements. Our audit report on the company s full annual financial statements describes the basis of our opinion on those financial statements. Opinion In our opinion the supplementary financial information is consistent with the full annual financial statements of Scope for the year ended 31 March We have not considered the effects of any events between the date on which we signed our report on the full annual financial statements (29 July 2014) and the date of this statement. PricewaterhouseCoopers LLP Chartered Accountants and Statutory auditors London 14 August 2014 Notes: a) The maintenance and integrity of the Scope website is the responsibility of the directors; the work carried out by the auditors does not involve consideration of these matters and, accordingly, the auditors accept no responsibility for any changes that may have occurred to the full annual financial statements or the summarised financial statements since they were initially presented on the website. b) Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 11

12 Summary group statement of financial activities Incorporating an income and expenditure account Year ended 31 March 2014 Incoming resources: Voluntary income Activities for generating funds Incoming resources from charitable activities: Other incoming resources and investment Total incoming resources Resources expended: Cost of generating funds: Fundraising costs Shop costs (including cost of sales) Investment management fees Total cost of generating funds Charitable activities: Residential Services for disabled adults Domiciliary, Outreach and Day Services for disabled adults Education Services Inclusion and Transition Services for disabled children and young people Information, Advice, Employment and Support services Influencing and capacity building Total cost of charitable activities Governance costs Pensions finance charge Total resources expended Net incoming resources before other recognised gains and losses Other recognised gains and losses Net realised gain / (loss) on investment assets Net expenditure for the year Net unrealised gain on investment assets Actuarial loss on defined benefit pension schemes Net movement in funds Reconciliation of funds: Funds balances brought forward Total funds carried forward 12

13 Unrestricted funds Restricted Funds Total funds Total funds ,609 1,344 16,953 15,942 23,322 23,322 22,853 59,626 2,592 62,218 63, ,699 3, , ,961 8, ,560 8,524 22, ,378 22, , ,954 31,127 21, ,397 22,923 4, ,283 3,954 22,056 1,423 23,479 21,697 11, ,177 12,498 4, ,962 7,094 2, ,925 2,652 67,673 3,550 71,223 70, ,697 3, , , , , ,123 5,599 31,722 32,286 24,676 5,804 30,480 31,722 13

14 Summary group balance sheet as at 31 March 2014 Assets Group Group Fixed assets 33,726 35,507 Current assets 10,882 12,122 Creditors: amounts falling due within one year (6,918) (8,500) Net current assets 3,964 3,622 Total assets less current liabilities 37,690 39,129 Net assets 30,480 31,722 Funds Restricted funds 5,804 5,599 Unrestricted funds (including investment revaluation reserve) 24,676 26,123 Total funds 30,480 31,722 These summary financial statements have been extracted from the full Annual Accounts which were approved by The Board of Trustees on 18 July 2014 and signed on their behalf by: Alice Maynard Chair of Scope 14

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16 Scope 6 Market Road London N7 9PW scope.org.uk Call to let us know if you d like this information in a format that s accessible for you Scope is a registered charity, number Copyright Scope August 2014