| Page | ||||
|---|---|---|---|---|
| I.egal and | Administrative | Information | I to 2 | |
| Report of' | the Chair | |||
| Report of | the Chief Executive | |||
| Report of | the Trustees | 5 to 21 | ||
| Report ofthe Independent Auditors |
22 to 23 | |||
| Statement | ofComprehensive Income |
24 | ||
| Statement | of I'inancial | Position | 25 | |
| Cash Flow Statement | ||||
| Notes to the Financial | Statements | 26 to 34 | ||
| Detailed | Income and Expenditure | Account | 35 |
| Ke | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| E | Extreme risk, immediate action. Escalate as an issue. |
|||||||||||
| H | High risk, action should be taken to compensate. |
|||||||||||
| M | Moderate risk, action should be taken to monitor. |
|||||||||||
| L | Low risk, routine acce tance ofrisk. | |||||||||||
| STONEPILLOVV RISKREGISTER | IIMPACT | MITIGAT ION | ||||||||||
| Governance | ||||||||||||
| The charity lacks direction, strategy and forward planning. |
||||||||||||
| Board ofTrustees fail to have the right skills, knowledge and understanding |
of | the | ||||||||||
| governance structures in place, preventing effective accountability |
and oversight | of | ||||||||||
| regulatory obligations which include the Care Quality Commission |
(CQC) | and | Charity | |||||||||
| Commission. | ||||||||||||
| lnadeqIIate or inaccurate information is reported to Tntstees, resulting |
in poor | quality | ||||||||||
| decision making. | H | M | ||||||||||
| Negative PR and/or media coverage. |
F. | M | ||||||||||
| Failure to achieve a satisfactory compliance for OFSTED |
E | H | ||||||||||
| Financial | ||||||||||||
| Finance and resources dependent upon a limited number ofcontracts. |
F. | H | ||||||||||
| Poor contract delivery and service provision. |
H | M | ||||||||||
| Inaccurate financial reporting and ineffective budgetaly controh |
H | M | ||||||||||
| Failure to del iver on fundraising ambitions due to lack of |
coherent | fundraising | strategy | |||||||||
| and loss ofcommunity commitment. |
H | |||||||||||
| Operational | ||||||||||||
| Lack ofclear management structure, leading to uncertainty |
amongst | staff | of roles aad | |||||||||
| duties. | ||||||||||||
| Failure to adhere to Health and Safety regulations, policies and |
regulatory | |||||||||||
| requirements. Poor security ofstaff, arising from lack ofknowledge |
ofprocedures | and | ||||||||||
| policies. Action being taken without proper authority, caused by lack of |
||||||||||||
| induction/training. | E | |||||||||||
| 12 | Failure to adhere to regulatoiy framework ofCQC. |
IVI | ||||||||||
| l3 | Employinent issues arising from a failure to follow effective policies |
and | procedures | to | ||||||||
| regulate staff and volunteers' activities. Lack ofmanagerial |
oversight | and | monitoring | o | ||||||||
| work, conduct and performance. Non-compliance by staft |
and | volunteers | with | CQC | ||||||||
| requirements, HAS legislation and regulations. |
||||||||||||
| 14 | Poor disaster recovery and business continuity planning, |
leading | to computer | systeln | ||||||||
| failures or loss ofdata, the destruction ofproperty, equipmcnt, |
records through | fire, | ||||||||||
| flood or similar damage. | M | |||||||||||
| 15 | Failure to comply with GDPR requirements for clients, staff and |
donors. | L | |||||||||
| 16 | Natiomvide Pandemic. |
M | ||||||||||
| l7 | Cyber Security. | M |
| Trust or Business | Amount |
|---|---|
| National Lotte |
f75,065 |
| Hen Smith Charity |
5.58,550 |
| Hos ital of the Blessed Mary |
X30,000 |
| West Sussex Coun Council |
522,621 |
| The Morrisons Foundation |
K19,371 |
| NHS West Sussex PCT | 5.15,098 |
| Garfield Weston Foundation | 215,000 |
| The Boltini Trust | f.10,000 |
| Albert Hunt Trust | 5.7,000 |
| Patricia Routled e |
K5,000 |
| David Cover k Sons | X4,500 |
| Sussex Community Fund |
$2,609 |
| The Robson Charitable Trust |
f.2,330 |
| Chichester Welfare Trust |
Z2,187 |
| Arthur Williams Trust |
Z2,000 |
| Penningtons Manche Cherry Family Neighbourly Fund M k SFund Bassill Shi am Trust |
f.1,750 X1,000 11,000 |
| The VLM Foundation | Z1,000 |
| The Jacaranda Trust |
K1,000 |
| Bernadette Trust |
Z1,000 |
| Below 2500 | $2,677 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | |||||||||
| Turnover | 4,315,951 | 3,85(0179 | |||||||
| Operating | expenditure | (4,438,401) | (3,537,392) | ||||||
| Operating | (deficit)/surplus | (122,450) | 318,788 | ||||||
| Intcrcst rcccivablc | and | similar income | 827 | 54 | |||||
| Total Comprehensive | (Deficit)/Income | for thc year | (121,623) | 318,841 | |||||
| Statement | ofChanges | in Reserves | |||||||
| 2023 | 2022 | ||||||||
| (ncomc and | Income and | ||||||||
| I | ',xpcndilurc Rcscrvc |
I:,xpcndilurc Reserve |
|||||||
| 13alancc at I April 2022 | 3,10¹,199 | 2,785,358 | |||||||
| (13cficit)/surplus | I'rom | Statement ofCnmprchcnsivc | Income | (121,623) | 318,841 | ||||
| 'I'ransfcrs | |||||||||
| 13alanec as at 31 | March 2023 | 2,982,576 | 3,104,199 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| FIXED ASSETS | |||||
| I-lousing properties - depreciated | cost | 8 | 3,843,016 | 3,397,961 | |
| Other tangible asseLs |
108,716 | 58,424 | |||
| 3,951,732 | 3,456,385 | ||||
| CURRENT ASSETS | |||||
| Debtors | 10 | 597,952 | 812,408 | ||
| Cash at bank and in hand | 837,692 | 1,045,932 | |||
| 1,435,644 | 1,858,340 | ||||
| CREDITORS | |||||
| Amounts falling due within |
one | year | (353,285) | (343,705) | |
| NET CURRENT ASSETS | 1,082,359 | 1,514,635 | |||
| TOTAL ASSETS LESS | CURRENT | ||||
| LIABILITIES | 5,034,091 | 4,971,020 | |||
| CREDJTORS | |||||
| Amounts falling due aAcr |
more | than one year | 12 | (2,051,515) | (1,866,821) |
| NET ASSETS | 2,982,576 | 3,104,199 | |||
| RESERVES | |||||
| Unrestricled reserves |
|||||
| General reserve |
15 | 1,297,816 | 1,066,890 | ||
| Property reserve |
15 | 1,684,760 | i,437,309 | ||
| Capital reserves |
15 | 600,000 | |||
| 2,9&2,576 | 3,104, 199 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Cash flows from operating | activities: | ||||||
| Cash generated from operations (see below) |
534,088 | (39,769) | |||||
| Net cash provided by operating activities |
534,088 | (39,769) | |||||
| Cash flows from investing | activities: | ||||||
| Purchase oftangible fixed assets |
(743,155) | (180,982) | |||||
| Interest received | 827 | 54 | |||||
| Net cash used in investing |
activities | (742,328) | (180,928) | ||||
| Change in cash and cash equivalents |
in the | reporting | period | (208,240) | (220,697) | ||
| Cash and cash equivalents | at the beginning | of the reporting | period | 1,045,932 | 1,266,629 | ||
| Cash and cash equivalents | at the end | ofthe | reporting | period | 837,692 | 1,045,932 | |
| RECONCILIATION OF |
NET INCOME/(EXPENDITURE) | TO NET CASH | FLOW FROM OPERATINC ACTIVITIES | ||||
| 2023 | 2022 | ||||||
| Net (deficit)/income for the reporting |
period | (as per | the statement | ||||
| ofcomprehensive income) |
(121,623) | 318,841 | |||||
| Adjustments for: |
|||||||
| Depreciation charges |
247,808 | 215,559 | |||||
| Interest received | (827) | (54) | |||||
| Decrease in debtors |
214,457 | (497,190) | |||||
| increase/(decrease) in creditors |
194,273 | (76,925) | |||||
| Net cash provided by operating activities |
534,088 | (39,769) |
| TURNOVER | |||
|---|---|---|---|
| 2023 | 2022 | ||
| f. | |||
| Donations | 354,133 | 301,674 | |
| Fundraising income |
42,412 | 41,318 | |
| I-lousing benefit |
1,367, 112 | 1,155,263 | |
| Grants | 1,877,777 | 1,307,563 | |
| Release ofcapital grant | 70,674 | 76,973 | |
| Client contributions | 70,238 | 58,800 | |
| Restore sales | 491,189 | 490,340 | |
| Legacies | 20,921 | 399,254 | |
| Other income | 21,495 | 24,994 | |
| 4,315,951 | 3,856,179 | ||
| ACCOMiVIODATION | liN MANACF MFNT | ||
| 2023 | 2022 | ||
| Number of units managed |
by the charity ai the end of the year: | ||
| Recovery Service | 22 | 22 | |
| Hostels | 61 | 60 | |
| Supported Accommodation |
38 | 36 | |
| 121 | 118 |
| 4. | OPERATING SURPLUS | ||
|---|---|---|---|
| Operating surplus is stated after charging/(crediting): |
2023 | 2022 | |
| Auditors' remuneration Depreciation - housing properties Depreciation -other tangible assets |
6,900 193,844 53,964 |
9,839 168,289 47,270 |
|
| 5. | INTEREST RECEIVA13LE AND SIMILAR INCOMF | ||
| 2023 | 2022 | ||
| Deposit account interest | 827 | 54 |
| STAVFCOSTS | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| f, | |||||
| XVages and salaries Social security costs Other pension costs |
2,646, 113 202,788 79,957 |
1,940,833 156,221 78,741 |
|||
| 2,928,858 | 2,175,795 | ||||
| The average monthly |
number ofemployees | during | the year was as follows: | 2023 | 202'2 |
| Project workers Administration and |
publicity | 74 14 |
64 13 |
||
| 77 |
| 8. | TANGIBLE | FIXED ASSETS — HOUSING PROPI RTIES |
|||
|---|---|---|---|---|---|
| Freehold | Freehold | ||||
| Housing | Housing | ||||
| Property | Property | ||||
| 2023 | 2022 | ||||
| COST | |||||
| At 1st April 2022 | 4 207 201 | 4,058,493 | |||
| Additions | 638,899 | 148,708 | |||
| Disposals | |||||
| At 31st March | 2023 | 4,846, 100 | 4,207,20 1 | ||
| DEPRECIAT | ION | ||||
| At 1st April 2022 Charge for year |
809,240 193,844 |
640,951 168,289 |
|||
| Depreciation on disposal |
|||||
| At 31st March | 2023 | 1,003,084 | 809,240 | ||
| NET BOOK | VALUE | ||||
| At 3 ist March | 2023 | 3,843,016 | 3,397,961 | ||
| At 31st March | 2022 | 3,397,961 | 3,417,542 | ||
| 9. | TANGIBLE | FIXED ASSETS - OTHFR | |||
| Fixtures & | Fixtures & | ||||
| F1tt1ngs | Fittings | ||||
| 2023 | 2022 | ||||
| COST | |||||
| At 1st April 2022 | 337,324 | 305,050 | |||
| Additions | 104,256 | 32,274 | |||
| Disposal s | |||||
| At 31st March | 2023 | 441,580 | 337,324 | ||
| DEPRECIATION | |||||
| At 1st April 2022 | 278,900 | 231,630 | |||
| Charge for year |
53,964 | 47,270 | |||
| Depreciation | on disposal | ||||
| At 31st March 2023 | 332,864 | 278,900 | |||
| NLT BOOK | VALUE | ||||
| At 31st March 2023 | 108,716 | 58,424 | |||
| At 31st March 2022 | 58,424 | 73,420 | |||
| 10. | DEBTORS: | A&IOUNTS FAI LING DUE WVITHIN ONE YEAR | |||
| 2023 | 7077 | ||||
| Tia;le debtors | 3-'13,7'-1 | 1 | 167,774 | ||
| Other debtors | 105,244 | 568,287 | |||
| I'rep, '; ments | and accrued in;on1c | 1'8,967 | 81,347 | ||
| 597,952 | 812,408 |
| RESERVES - continued | RESERVES - continued | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Nct movcincnt in rcservcs, included in thc |
above | aiic as t'ollovvs: | 'I'otal | 'I'otal | Surplus/ | ||||
| Ii&Collie | expend ituiic | (dc I ici t) | |||||||
| f | |||||||||
| Unrestricted reserves Gene& al reserve |
2,414,472 | (428,699) | I 985 773 | ||||||
| Restricted reserves Chichester ilub (Old (ilassworks) 13ognor Regis Hub (Glenlogic) Restore- Social Enterprise Chichcstcr Restore - Social I', nterprise 13ognor Regis Recovery Service (Sands) Chichester Ilostel (St Joseph's &- Hicks Ilouse) 13ognor Regis Hoslcl (Ellasdalc Road) Supported Accommodation (Move-nn) Oul.reach Young Person Service «Vomcn's I'roject |
123, 138 36,900 16,554 95,000 9&),328 68,209 124,687 673,384 599,521 65,585 |
(148,982) (81,098) (433,394) (78,823) (388,715) (480,527) (459,018) (412,551) (734,655) (701,455) (90,484) |
(25,844) (44,198) (416,840) (78,823) (293,715) (381,199) (390,809) (287,864) (61,271) (101,934) (24,899) |
||||||
| 1,902,306 | (4,009,702) | (2,107,3')6) | |||||||
| 4,316,778 | (4,438,401) | (121,623) | |||||||
| Comparatives for movement in funds |
At 1,4.21 | Surplus/ (deficit) |
'I rans fers f |
At 31.3.22 f |
|||||
| Unrestricted reserves |
|||||||||
| General rosette I'ropcrty reserve l)«signaled Capital iicscrvc |
832,172 1,353,186 600,000 |
2, i58,930 | (1,924,212) 84,123 |
1,066,890 1,437,30') 600,000 |
|||||
| 2,785,358 | 2,158,930 | (1,840,089) | 3,104, 199 | ||||||
| Restricted reserves |
|||||||||
| Chichcstcr Ilub (Old Glass1vorks) Restore - Socal Enlerprise Chichcst«r Restore - Social I;nterprise 13ognnr ltcgis |
(106,145) (383,009) (126,875) |
106,145 383,009 126,875 |
|||||||
| Recovery Service (Sands) Chichestcr Iiostel (St Joseph's + I licks 13ngnor Rcgis Ilostcl/I iub (Glcnlogie + Supported Accommnd&ition (&VIovc-on) Outreach |
Ilouse) I llasd;ile |
Roa&J) | (193,233) (397,858) (237,904) (282,837) (112,228) Coal« |
193,233 3&)7,858 237,904 282,837 112,228 |
|||||
| (1,840,089) | 1,840,08') | ||||||||
| TOTAL RESERVES | 2,785,358 | 318,841 | 3,104, 199 | ||||||
| Comnaritivc nct rnovcmcnt in rcs«rvcs, |
incluil«d | in th«above | are as follows: | ||||||
| 'I ol.al | Total | Surplus/ | |||||||
| i &1 | cxpc&10 I'.iii'c | (il« fiCI I.) | |||||||
| f | |||||||||
| Vnrestricted reserves Gcncra I reserve |
2,553,799 | (3')4,869j | 2 158930 | ||||||
| Restricted reserves |
|||||||||
| Chichcs!Cr Iiub (Old Gl &ss«nrk i) Rest &rc - Social I:,nlcrprisc Chich«sl. r 13cst1rc — Snc&il I:,ntcrprisc ilognor ltcgis 13«cover) Scrvic« (S'indsj «hie h«slcr Ilostcl (Sl Jos«pli's - I licks I 13&&gi'.nr Regis Ilust«i!'I lub ((ilcnlngic - S&lp[.'art«i. A«cni11&iindatinn (I&ln1 c-(&ii) I &'.It i' '&!Ch |
ious 'j I:,lamas&!&tl |
Rniiil) | I &10,003 51,713 4,000 168,179 77,370 151,525 331,139 378,505 |
(246,148) (43&1,722) (130,875) (361,412) (475,228) (389,429) (6&13&976) ('190 733j |
(106,145) (383,009) (12(&,875) (193,233) (397,858) (237,90-1j (282,837) (112,228) |
||||
| 1,302,434 | (3& 14) '13&' | 11,81&),089) | |||||||
| 3,1356,23& 3 | 9" | !18,811 |
| Thc following | Thc following | operating | lease payments | nrc committed to bc paid within |
nrc committed to bc paid within |
one year: | ||
|---|---|---|---|---|---|---|---|---|
| Land and buildings | Other operating | lcnscs | ||||||
| 2023 | 2022 | 2023 | 2022 | |||||
| E | g | |||||||
| Expiring: | ||||||||
| Within on«year | 206,063 | 206,063 | ||||||
| Between | onc | and five years | 154,182 | 154,182 | ||||
| In morc | thnn | five years | ||||||
| 360,245 | 360,245 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Turnover | |||||
| Voluntary income Church donations |
15,293 | 13,737 | |||
| Private and other donations |
129,133 | 142,320 | |||
| Trust t'unds | 209,707 | 145,617 | |||
| Local authority grants |
230,483 | 493,337 | |||
| 584,616 | 795,011 | ||||
| Activities for generating Fundraising income |
funds | 42,412 | 41,318 | ||
| Income from charitable | activities | ||||
| Ilousing benefit Grants |
1,367, 112 1,647,294 |
1,155,263 814,226 |
|||
| Release of capital grant Client contributions |
70,674 70,238 |
76,973 58,800 |
|||
| Restore sales | 491,189 | 490,340 | |||
| Legacies Other income |
20,921 21,045 |
399,254 24,994 |
|||
| Membership subscriptions |
450 | ||||
| 3,688,923 | 3 019850 | ||||
| Total turnover | 4,315,951 | 3,856, 179 | |||
| Operating costs Wages and salaries Agency staff Social security Pensions |
2,234,024 412,089 202,788 79,957 |
1,914,916 25,917 156,221 78,741 |
|||
| Total staf1' costs | 2,928,858 | 2,175,794 | |||
| insurance | 34,949 | 29,586 | |||
| Postage and stationary Other costs |
21,097 372,580 |
17,783 341,518 |
|||
| Property costs Staff related cost.s |
644,531 65,284 |
568,940 32,916 |
|||
| Mortgage interest Auditors' remuneration |
44,243 6,900 |
27,635 9,839 |
|||
| l,egal and professional I?epreciation oftangible |
fees trxcd |
ass:ts | 72, 151 247,8'j8 |
117,821 215,559 |
|
| 4,438,4'l l | 3,537,392 | ||||
| Operating (tleficit)/surplus |
(122,450) | 318,787 | |||
| lnrcrest r eceivablc arrd |
sinril;rr | incornc | 827 | ||
| (I?eirciti/srrr'plr! s for tire 1rrrarrci |
rl s err | (121,6'3 ) | 318,841 |