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2023-03-31-accounts

Charity registration number 1015436

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mr Paul Mason Mr Philip Osborn Mrs Lucy Loveless Mrs Anna Young Mrs Kathryn Stanczyszyn

Senior management Mrs C Berry Chief executive Charity number 1015436 Principal address The Depot Belton Grove Longbridge Birmingham B45 9PE

Independent examiner

CK Accounting Services No 4 Castle Court 2 Castlegate Way Dudley West Midlands DY1 4RH

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

CONTENTS

Page
Trustees' report 1 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 17

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their annual report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and "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).

PUBLIC BENEFIT

South Birmingham Young Homeless Project (The Project) was founded in 1991 in order to provide a range of services to the target group in an area where previously none had been available. It is an independent advice, information and resource centre located in Longbridge, South West Birmingham which is 8 miles outside Birmingham City Centre with good access by public transport. The Project seeks to provide an innovative and integrated approach to meeting the needs of socially excluded and isolated groups of people within the local community particularly young homeless people, young lone parents and families on low incomes. The Project continues to provide homeless prevention services alongside financial inclusion services which ensure that citizens are maximising income that they are entitled to through benefits and managing debts.

The Project is one of 7 Advice Quality Standard accredited organisations in Birmingham providing access to a wide range of quality assured advice, information and related support services. All advice and support is given free at the point of contact. The Project provides advice and case work relating to housing, welfare rights, debt and money advice and is the only charity to do so in the local area.

The Project adds value to existing and other initiatives, that are taking place in the area and supports increased equality of opportunity for individuals who encounter structural oppression and face social injustice when trying to access services.

It recognises that there are no easy solutions to overcoming the difficulties that many individuals face such as longterm unemployment, debt, barriers to educational achievement, poor housing, limited access to good quality advice and information services and the inevitable cycle of benefit dependency. The Project is concerned that the social exclusion many people experience is reinforced by placing them in environments which are de-motivating, isolating and provide limited, if any, access to the services they require.

The Project has a Board of Trustees and then the operational team consists of a Project Manager, Housing Manager, Financial Inclusion Manager, Office Coordinator, Welfare Benefits Advisor and Debt Advisor.

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Risk Management

The Project carries out an annual risk assessment to ensure that staff, people, and committee members are protected from harm and any detriment. Where appropriate staff, committee members, volunteers and student placements will have an enhanced DBS check to further minimise risk.

The Project conducts an annual risk assessment that seeks to clarify the level of known financial liability carried by the organisation, in order that other policy and organisation actions (including internal control procedures) may be instigated.

The risk assessment requires detailed examination of the organisation's financial liabilities in relation to:

Policies and procedures are reviewed annually, and any alterations are made if deemed necessary. The annual risk assessment is the responsibility of Manager, Chair, Treasurer and where appropriate by the organisation's Accountants.

Objectives and activities

The organisation's objectives are to relieve the need of young persons who are homeless, in housing need, poverty, hardship or distress by providing advice, access to accommodation, education, training and employment opportunities, health and recreational resources and activities, and other means as is thought fit primarily in South Birmingham.

The Project provides a wide range of advice, information and support activities and services for young people who are homeless or in housing need and all resources are expended in pursuit of these aims. The Project also administers grants on behalf of individuals to alleviate poverty and distress.

Volunteers

The Project is grateful for the unstinting efforts of its volunteers both at The Project and from the local communities, churches and schools who are involved in supporting the delivery of services.

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance

Chairperson report

As Chairperson, I would firstly like to extend my thanks to the team and Trustees at The Project for their unwavering commitment and dedication to our communities.

2022/2023 has brought several changes to The Project and despite this the impact of The Project has been significant in improving lives and alleviating poverty. In 2022, we were still experiencing and recovering from the impact of Covid including financially and in regard to community members being nervous to attend communitybased activities or face to face appointments and therefore continued to adapt services to meet individual needs. In 2022/23, new funding grants were sourced to diversify our funding streams. Grant funding included:

The Shelter funding allowed us to deliver homeless advice outreach in new geographical areas such as Erdington and Handsworth whilst other funding enabled our delivery to be focussed in the South of the city. Significant work has been undertaken to manage contracts, build relationships with commissioners and partners and to identify and apply for further grant funding.

In this year, we have:

We worked in close partnership with Northfield Community Partnership (NCP) and continued the ongoing arrangement to lease the building space in Northfield with a view that this would make us further accessible to citizens being in a centrally located space. This also benefited the FutureProof contract held with NCP as we shared the same building space. The welfare benefits team continued to positively impact citizens through achieving high financial gains and increased access to grants for items such as clothing, uniforms, food, white goods etc. The Project supported the delivery of the Household Support Fund and also expanded the use of grants to Norton foundation, W.E.Dunn and others.

During the year, we have had a change to our team, the Debt advisor left The Project in October 2022 and there was a change in leadership at The Project. The existing Project Manager handed notice in July 2022 however remained working on behalf of the charity until November 2022. Recruitment took place to the leadership role of The Project and Caroline Berry was recruited to the role of Chief Executive with an official start date in March 2023.

In March 2023, we were due for the review of our Advice Quality Standard accreditation which was extremely successful. The Project moved from having 3 standards in advice and case work to having 6. The standards in advice and case work in young people, housing, welfare benefits, debt, older people, and people with disabilities. This is an incredible testimony to the team.

The Project gained a small amount of funding to open as a warm space supporting our Covid recovery aspirations to reopen the building to the community.

We are excited for the year ahead and believe that The Project will continue to deliver vital services in housing and welfare benefits advice to our communities.

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Financial review

The Project is a Charity reliant on grant funding however does also have donations from sources such as other local organisations including churches, individuals, and others. In 2022/2023, the total income gained was £278,898 of which £219,580 was via grants and remainder from other sources.

The statement of Financial Activities for the year is set out in the financial statements. The surplus of income over expenditure was taken to the balances.

The future funding of the charity is not guaranteed, and the Trustees are continually working with the Project Manager to ensure that grants are maximised and to safeguard the future of the organisation. The trustees are satisfied that the charity is adequately financed for the foreseeable future.

Reserves policy

The unrestricted funds are used by the charity to manage The Project and the charity carries forward enough reserves to provide the ongoing working capital required.

The restricted funds can only be used for the purpose for which they were given. Any funds that are carried forward to the next financial year are used solely to support the activities for which they were given. All monies are held in a deposit account until required.

Fund-raising

The Project undertakes various fund-raising activities throughout the year in support of its activities. All sources of funding from statutory and charitable sources and other donations are identified in the attached accounts.

Reserves

The Project has no identified reserves. Most funding is restricted and can only be used for the purpose for which they were given. Any funds that are carried forward to the next financial year are used solely to support the activities for which they were given. All monies are held in a deposit account until required.

Structure, governance and management

The trustees who served during the year and up to the date of signature of the financial statements were: Mr Paul Mason

Mr Philip Osborn Mrs Lucy Loveless Mrs Anna Young Mrs Kathryn Stanczyszyn

Recruitment and appointment of trustees

South Birmingham Young Homeless Project (The Project) is a registered charity that was set up in January 1992 and it is governed by a Constitution.

The Trustees and members of the General Committee are elected annually at the Annual General Meeting. The appointment of Honorary Officers is made at the first meeting of the General Committee following on from the Annual General Meeting.

All committee members are liable “trustees” for the purpose of holding any monies or property belonging to the Association unless exempted by their status or by a resolution of the committee. Trustees have full voting rights and will be expected to act on behalf of the committee and to properly manage the affairs of the association at all times.

“Members” may vote on all matters other than those which may increase either risk or liability to the trustees.

All members of the Management Committee give their time voluntarily and received no benefits from the charity.

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Statement of Trustees (management committee) responsibilities

In accordance with applicable law and regulations the trustees are required to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the organisation and of the surplus or deficit of the organisation for that period. In preparing those financial statements, the trustees are required to:

The trustees have overall responsibility for ensuring that the organisation has appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the organisation and enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Reporting Accountants

A resolution proposing that CK Accounting Services be re-appointed as independent examiner of the charity will be put to the Annual General Meeting.

The trustees' report was approved by the Board of Trustees.

Mr Paul Mason Trustee

10 April 2024

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

I report to the trustees on my examination of the financial statements of South Birmingham Young Homeless Project (the charity) for the year ended 31 March 2023.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 that in any material respect:

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 financial statements to be reached.

Mrs A E Boulter ACA ICAEW

CK Accounting Services

No 4 Castle Court 2 Castlegate Way Dudley West Midlands DY1 4RH

Dated: 10 April 2024

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and legacies
2
58,721
220,177
Investments
3
243
-
Total income
58,964
220,177
Expenditure on:
Charitable activities
4
4,696
251,665
Total charitable
expenditure
4,696
251,665
Net income/(expenditure)
54,268
(31,488)
Transfers between
funds
(31,599)
31,599
Net movement in
funds
22,669
111
Reconciliation of funds:
Fund balances at 1 April 2022
4,156
7,013
Fund balances at 31 March
2023
26,825
7,124		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
278,898
2,229
300,079
243
14
-
279,141
2,243
300,079
256,361
7,637
354,012
256,361
7,637
354,012
22,780
(5,394)
(53,933)
-
(18,737)
18,737
22,780
(24,131)
(35,196)
11,169
28,287
42,209
33,949
4,156
7,013		 Total
2022
£
302,308
14
302,322
361,649
361,649
(59,327)
-
(59,327)
70,496
11,169

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

BALANCE SHEET

AS AT 31 MARCH 2023

Notes
Fixed assets
Tangible assets
9
Current assets
Cash at bank and in hand
Creditors: amounts falling due within
one year
10
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
11
Unrestricted funds		 2023
£
85,060
51,134		 £
23
33,926
33,949
7,124
26,825
33,949		 2022
£
66,798
55,657		 £
28
11,141
11,169
7,013
4,156
11,169

The financial statements were approved by the trustees on 10 April 2024

Mr Paul Mason Trustee

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

The project is a charity (No. 1015436) and is governed by a trust deed approved by The Charity Commission.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Donations and gifts
11,280
597
Legacies receivable
47,441
-
Grants received
-
219,580
58,721
220,177
Donations and gifts
ASDA
-
-
Judy Coulson
2,000
-
Platform
-
-
Stripe
-
-
C & H Martin
-
-
The Cotteridge Quakers
-
-
Churches Together B30
-
-
CAF on-line donation
-
-
St David's Church
-
-
Other
9,280
597
11,280
597		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
11,877
2,229
3,850
47,441
-
-
219,580
-
296,229
278,898
2,229
300,079
-
-
500
2,000
-
2,000
-
1,200
-
-
531
-
-
450
-
-
-
250
-
-
240
-
1
136
-
-
170
9,877
47
554
11,877
2,229
3,850		 Total
2022
£
6,079
-
296,229
302,308
500
2,000
1,200
531
450
250
240
137
170
601
6,079

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

2
Income from donations and legacies
Unrestricted
Restricted
funds
funds
2023
2023
£
£
Grants receivable for core activities
Birmingham & Solihull
CCG
-
69,177
Reaching communities
fund
-
99,297
NCP Prevention and
communities
-
37,500
Eveson Charitable Trust
-
-
B30 Grant
-
10,956
W.E.D Charitable Trust
-
650
BVSC Grant
-
-
Baron Devonport
-
-
Heart of England Grant
-
-
BCC
-
2,000
-
219,580		 Total
Unrestricted
Restricted
Total
funds
funds
2023
2022
2022
2022
£
£
£
£
(Continued)
69,177
-
67,556
67,556
99,297
-
96,447
96,447
37,500
-
50,000
50,000
-
-
12,000
12,000
10,956
-
10,000
10,000
650
-
600
600
-
-
49,449
49,449
-
-
177
177
-
-
10,000
10,000
2,000
-
-
-
219,580
-
296,229
296,229		 Total
Unrestricted
Restricted
Total
funds
funds
2023
2022
2022
2022
£
£
£
£
(Continued)
69,177
-
67,556
67,556
99,297
-
96,447
96,447
37,500
-
50,000
50,000
-
-
12,000
12,000
10,956
-
10,000
10,000
650
-
600
600
-
-
49,449
49,449
-
-
177
177
-
-
10,000
10,000
2,000
-
-
-
219,580
-
296,229
296,229
296,229

3 Income from investments

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Bank interest received 243 14

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

4 Expenditure on charitable activities

Unrestricted
fund
Restricted
fund
2023
2023
£
£
Direct costs
Staff costs
-
174,113
Holiday Activities
-
-
General welfare
-
1,846
Volunteer Training /
expenses
-
60
-
176,019
Share of support and governance costs (see note 5)
Support
4,696
74,280
Governance
-
1,366
4,696
251,665
Analysis by fund
Unrestricted funds
4,696
-
Restricted funds
-
251,665
4,696
251,665		 Total
Unrestricted
fund
Restricted
fund
2023
2022
2022
£
£
£
174,113
-
220,578
-
-
45,484
1,846
-
7,567
60
-
2,937
176,019
-
276,566
78,976
7,629
71,002
1,366
8
6,444
256,361
7,637
354,012
4,696
7,637
-
251,665
-
354,012
256,361
7,637
354,012		 Total
2022
£
220,578
45,484
7,567
2,937
276,566
78,631
6,452
361,649
7,637
354,012
361,649

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

5 Support costs allocated to activities

Unrestricted
fund
Restricted
fund
2023
2023
£
£
Staff costs
-
12,257
Premises / Rent
-
16,204
Associated costs
-
7,179
Training Staff
2,416
954
Communications
-
11,239
Insurance
-
2,405
Petty Cash Transfers
40
643
Bank charges
-
155
Equipment
-
220
Printing, postage and stationery
-
5,263
Professional fees
1,740
13,582
Maintenance
-
1,315
Recruitment
-
942
Other
500
623
Reimbursement charges
-
(1,334)
Subs & pubs
-
2,632
Governance
-
1,366
4,696
75,645
Governance costs comprise:
Staff costs
Depreciation
Legal and professional		 Total
2023
£
12,257
16,204
7,179
3,370
11,239
2,405
683
155
220
5,263
15,322
1,315
942
1,123
(1,334)
2,632
1,366
80,341
2023
£
1,361
5
-
1,366		 Total
2022
£
22,321
19,599
9,691
1,977
20,927
1,442
602
131
1,941
-
-
-
-
-
-
-
6,452
85,083
2022
£
1,724
8
4,720
6,452

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

7 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
Administration 6 9

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

7 Employees (Continued)
Employment costs 2023 2022
£ £
Wages and salaries 187,731 244,623

There were no employees whose annual remuneration was more than £60,000.

8 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

9 Tangible fixed assets

Plant and
equipment
£
Cost
At 1 April 2022 10,881
At 31 March 2023 10,881
Depreciation and impairment
At 1 April 2022 10,853
Depreciation charged in the year 5
At 31 March 2023 10,858
Carrying amount
At 31 March 2023 23
At 31 March 2022 28

10 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Accruals and deferred income		 2023
£
19,537
6,593
25,004
51,134		 2022
£
26,213
5,158
24,286
55,657

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

11 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources Transfers At 31 March
2022 resources expended 2023
£ £ £ £ £
Crisis including Norton 7,013 1,247 (1,846) 710 7,124
Birmingham & Solihull CCG - 69,177 (81,086) 11,909 -
B30/LIF - 10,956 (12,842) 1,886 -
Reaching Communities Fund - 99,297 (116,391) 17,094 -
Future Proof Project - 37,500 (37,500) - -
BCC - 2,000 (2,000) - -
7,013 220,177 (251,665) 31,599 7,124
Previous year: At 1 April Incoming Resources Transfers At 31 March
2021 resources expended 2022
£ £ £ £ £
Crisis including Norton 16,759 4,627 (14,373) - 7,013
Legacy 16,285 - (16,285) - -
Birmingham & Solihull CCG 1,523 67,556 (69,079) - -
St James Place - 49,449 (49,449) - -
B30/LIF 177 10,000 (10,177) - -
Eveson Trust - 12,000 (12,000) - -
Reaching Communities Fund 6,111 96,447 (121,295) 18,737 -
Covid Recovery Fund 1,332 10,000 (11,332) - -
Future Proof Project - 50,000 (50,000) - -
Baby bank 22 - (22) - -
42,209 300,079 (354,012) 18,737 7,013

12 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources Transfers At 31 March
2022 resources expended 2023
£ £ £ £ £
General funds 4,156 58,964 (4,696) (31,599) 26,825

SOUTH BIRMINGHAM YOUNG HOMELESS PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

12 Unrestricted funds (Continued)
Previous year: At 1 April Incoming Resources Transfers At 31 March
2021 resources expended 2022
£ £ £ £ £
General funds 28,287 2,243 (7,637) (18,737) 4,156
13 Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
Fund balances at 31 March 2023 are represented by:
Tangible assets 23 - 23
Current assets/(liabilities) 26,802 7,124 33,926
26,825 7,124 33,949
Unrestricted Restricted Total
funds funds
2022 2022 2022
£ £ £
Fund balances at 31 March 2022 are represented by:
Tangible assets 28 - 28
Current assets/(liabilities) 4,128 7,013 11,141
4,156 7,013 11,169

14 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).