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2022-03-31-accounts

REGISTERED CHARITABLE INCORPERATED ORGANISATION NUMBER: 1017599

THRESHOLD HOUSING LINK

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Haines Wa�s Chartered Accountants Old Sta�on House Sta�on Approach Newport Street Swindon Wiltshire SN1 3DU

THRESHOLD HOUSING LINK

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Page
Report of the Trustees 1 to 18
Independent Examiner's Report 19
Statement of Financial Ac�vi�es 20
Statement of Financial Posi�on 21
Notes to the Financial Statements 22 to 33

THRESHOLD HOUSING LINK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

The Trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019).

OBJECTIVES AND ACTIVITIES

PUBLIC BENEFIT

The Trustees confirm that they have complied with their duty as defined in sec�on 17 of the Chari�es Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. The Trustees further confirm that the ac�vi�es of Threshold Housing Link are carried out in line with its objec�ves and aims and such other charitable purposes according to the law of England and Wales as the Trustees think fit from �me to �me in order to deliver a public benefit as described within this report.

OBJECTIVES AND AIMS

Threshold Housing Link (established 1972) is a charity based in Swindon, Wiltshire, that ac�vely tackles the mul�ple issues connected to homelessness by providing street-based Outreach Services and Supported Accommoda�on projects for single homeless rough sleepers and sofa surfers.

SUPPORTED RESETTLEMENT ACCOMMODATION PROJECTS

Our supported accommoda�on service users, who are predominantly rough sleepers and sofa surfers at the �me of accessing our assistance, o�en have complex issues requiring assistance which are related to substance misuse, unmet mental health needs, social exclusion, a loss of self-esteem due to being homeless, a decline in physical and emo�onal wellbeing and difficulty sustaining posi�ve rela�onships due to the en�rety of their experiences. Our supported accommoda�on has a pro-ac�ve personal development and rese�lement programme to enable move-on from hostel accommoda�on into more independent living.

Threshold provides encouragement and training to help homeless people move from the streets to a home, suppor�ng them to regain independence and develop their ability to take advantage of or (re)join educa�on, employment or training opportuni�es. All residents undergo a comprehensive needs assessment prior to taking up their accommoda�on and a support plan is co-constructed with them by our staff, which is reviewed regularly throughout the resident's stay. Our needs assessments are evidence based and personcentred, focusing on the resident's desired outcomes, par�cularly outcomes which allow them to live well and increasingly become less reliant on support services towards total independent and sustainable living. During this repor�ng period thirty-seven individuals were accommodated in Threshold's rese�lement accommoda�on projects.

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THRESHOLD HOUSING LINK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

The most recent acquisi�on of an addi�onal property just prior to this repor�ng period provided the charity with the opportunity to offer a safe space, a house of respite for homeless sex-workers in Swindon, who had historically experienced mul�ple levels of profound disadvantage, higher degrees of vulnerability, risk exposure, and poorer outcomes in all respects than the general homeless popula�on. The new property was acquired for Threshold's homeless Sex Worker Accommoda�on Project (SWAP) during month twelve of the previous repor�ng period and basic renova�on took place from month one of this repor�ng period, with occupants entering the property less than six months a�er acquisi�on.

The SWAP provided accommoda�on to ten women who sex work, with overflow demand for accommoda�on being provided to an addi�onal four women within our other rese�lement accommoda�on projects. Women who sex work represented 38% of our tenants during the period of repor�ng, while overall the percentage of women residents accommodated within our rese�lement projects represented 49%.

STREET OUTREACH SERVICE

Threshold has provided Swindon's rough sleeper Outreach Service for decades, proac�vely patrolling the town's streets, car parks, parks, commercial precincts and outlying industrial estates in order to locate and assist rough sleepers and provide professional support to help them access the services available that can help the homeless acquire safe shelter. During the year concerned in this report, Threshold was again commissioned to provide an Asser�ve Rough Sleeper Outreach Service to Swindon Borough Council. Threshold’s outreach provision exceeded, always, those terms of contract s�pulated by Swindon Borough Council in order that a first-class service would be provided at all �mes, with the addi�onal expenses for doing so absorbed by the Charity. Throughout the repor�ng period, Threshold’s Outreach Team was able to respond swi�ly to emergency reports of rough sleepers, o�en ac�ng within minutes of a report, or a couple hours at most, to find and assist homeless individuals in acute need.

Our Outreach staff were confronted persistently during the repor�ng period by an extraordinarily enormous increase in the prevalence of discarded IV drug use paraphernalia li�ering streets, tents, parks and in par�cular the town centre car parks where rough sleepers were encamping and where housed individual would gather to purchase and inject illicit drugs in public spaces. Hazardous li�er was documented by the Outreach Team and concerns raised with various representa�ves of the Local Authority. A prolifera�on of county lines dealers targe�ng Swindon combined with a less than op�mal drug and alcohol / substance misuse diversion service, difficulty in accessing any dual-diagnosis treatment pathway, together with the intrinsic vulnerabili�es of many long-term rough sleepers created a perfect storm, seeing a return to incidents of dire outcomes. Incidents of premature death, death by misadventure or as a consequence of long-term drug and or alcohol abuse, con�nued to plague the homeless and ‘recently housed’ community. Access to appropriate and �mely drug and alcohol treatment and diversion services remained, in our opinion, grossly inadequate, with s�ll unacceptably long wai�ng periods to access Opiate Subs�tu�on Therapy, let alone other services, and Threshold remained commi�ed to lobbying for a change of provider of substance misuse treatment and diversion services in Swindon.

Thanks to the generosity of Friends of Threshold, including Tesco (Ocotal Way, Swindon), Waitrose and Partners Swindon, Alan Butler and all the par�cipants of RunVEMBER, and many local retail stores and private individuals who channelled dona�ons of goods and money to Threshold, our team were consequently able to distribute food and essen�al supplies to people in need.

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THRESHOLD HOUSING LINK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

OUR PURPOSE AND OBJECTIVES

The charity's purposes are set out in the objects contained in the charity's Cons�tu�on. The aim of the charity is to reduce the impact of homelessness on people through the provision of Outreach Services, Supported Accommoda�on Projects, and telephone and face-to-face support and advice to single homeless people through our day centre. Our aims fully reflect the purposes that the charity was set up to further and we take care to ensure our work delivers posi�ve outcomes in line with our Vision and Mission.

The Trustees review the aims, objec�ves and ac�vi�es of the charity each year. This report looks at what the charity has achieved and the outcomes of its work throughout the repor�ng period. The Trustees review the success of each key ac�vity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the Trustees ensure the charity's aims, objec�ves and ac�vi�es remained focused on its stated purposes.

The Trustees met to hold Management Board Mee�ngs seven �mes during the year and met for an addi�onal two Senior Management Team mee�ngs in order to receive management reports, discuss proposals and plans for development and service improvement in the undertaking of their Governance responsibili�es of being Trustees of this Charitable Incorporated Organisa�on.

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REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

THE FOCUS OF OUR WORK

Throughout the year Threshold con�nued to focus on the provision, opera�on and management of services to assist those who are homeless. All our schemes and services can be accessed by self-referrals or via direct referral from other agencies and the Local Authority.

Emergency assistance is available through our:

The strategies we use to meet our objec�ves include:

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REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

SIGNIFICANT ACTIVITIES Rough Sleeping

During the repor�ng period Swindon con�nued to see a considerable number of people sleeping rough, although provision of rapid emergency accommoda�on lessened the dura�on most would sleep rough before acquiring accommoda�on following a HRA assessment by the Local Authority. Increased central government funding con�nued to flow to Local Authori�es following ‘Everyone In’ from the Rough Sleeper Ini�a�ve and then the Next Steps Accommoda�on Programmes (NSAP). Swindon was a significant recipient of Central Government Funding which provided for extensive temporary accommoda�on of the homeless in local hotels – predominately The GW Hotel on Sta�on Road for rough sleepers - and various other hotels and B&B’s for families and other homeless individuals, albeit it at considerable cost to the public purse and with seemingly no learned considera�on of alterna�ve local and more sustainable ini�a�ves that might otherwise have been u�lised as be�er alterna�ves to hotel and B&B lodging.

Threshold undertook the November 2022, Swindon rough sleeper’s street count ('rough sleeper snapshot') in partnership with Swindon Borough Council, which iden�fied ten people as sleeping rough on that night, a marginal increase on the previous year. The annual na�onal rough sleeper snapshot provides only an indica�on of who was seen on that given night by a team of inspectors and only occasionally takes into considera�on those not seen but known to be rough sleeping. This method of es�ma�on and its inherent weaknesses must be kept in mind as the snapshot figure is not truly representa�ve of the number of rough sleepers, or even a good indica�on as an average. The indirect costs associated with the consequences of rough sleeping (e.g. physical health and mental health problems, drug/alcohol misuse, crime and so forth) can be significant. Sleeping rough is dangerous and damaging to both individuals and communi�es alike. The longer someone sleeps rough, the worse their problems will likely become and the costlier it is to resolve those problems once the individual accesses support services available to them.

That ten rough sleepers were sighted during the Autumn Snapshot of 2022 should be seen in the light of that number of rough sleepers seen, as well as those unseen, during the snapshot are rough sleeping following, and in spite of, the extensive efforts made, and extensive public funds spent in Swindon and across the UK towards reducing rough sleeping from the outset of the 'Everyone In' direc�ve and then the Next Steps Accommoda�on Programmes (NSAP) which provided yet more funding to Local Authori�es. Alongside those unprecedented levels of funds deployed to Local Authori�es from Central Government, many of the third sector agencies suppor�ng the homeless deployed enormous resources during and post pandemic, therefore efforts and funds deployed throughout this repor�ng period, and yet s�ll preven�ng rough sleeping remains an aspira�on in Swindon and across the UK, it is not yet a realis�c proposi�on, and won’t be un�l greater collabora�on between Local Government and the third sector takes place and manifests in genuinely posi�ve outcomes for all, foremost for those facing or experiencing homelessness.

Threshold’s Rough Sleeper Outreach Team remained the primary street outreach service for the homeless throughout the repor�ng period, as has been the case in Swindon for decades. Outreach services were delivered both in the early hours of the morning and frequently during late evenings, across the week. A proac�ve service, providing checks across vast areas of the town, drawing on decades of insight into sites frequented by persons sleeping rough as well as u�lising an unprecedented informa�on network informing our team of persons experiencing homelessness who were ‘off radar’ and detached from engagement with housing and other services.

Threshold’s outreach service also provided con�nuous support to those service users ‘recently housed’ within emergency, supported, or private accommoda�on but whose support needs exceeded the level of service or exper�se they could otherwise draw upon in their new accommoda�on placements.

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THRESHOLD HOUSING LINK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

In this year of repor�ng, Rough Sleeper Outreach was funded from Threshold's own free reserves, together with a propor�onal expenses payment contributed by Swindon Borough Council (restricted specifically to this project under terms of a supply agreement to provide an Asser�ve Rough Sleeper Outreach Service to SBC), as well as through dona�ons received and specific fundraising efforts. Threshold's Outreach Service typically makes first and primary contact with the town's rough sleeper and homeless community. Those who are rough sleeping, sofa surfing or threatened with homelessness are offered support to access essen�al aid and interact with the Local Authority towards securing emergency accommoda�on while being supported to access other forms of ongoing and sustainable housing.

Over the past year two hundred and sixty-seven individuals were directly assisted to access emergency accommoda�on and a further one hundred and twenty-nine individuals were assisted while homeless (including ‘hidden homeless’) to access essen�al support services by our Street Outreach Service Team. Our Outreach Team provided emergency bedding, clothing, food and other essen�al supplies, including enhanced sanitary measures, providing hand sani�ser, masks and so forth, to immediately improve the welfare of rough sleepers while emergency accommoda�on was advocated for, and then a�erwards also where there was an ongoing need iden�fied.

Just prior to the end of this repor�ng period, Swindon Borough Council requested an extension to the Asser�ve Rough Sleeper Outreach Service, which was otherwise due to end 9th of Feb 2022, which then, with our acceptance of their request, extended our service supply to Swindon Borough Council beyond the period of focus in this annual report. Swindon Borough Council did, however, make clear their inten�on to operate a reduced, part �me, in-house rough sleeper outreach service just as soon as they could organise recruitment and so forth. A further request by Swindon Borough Council for an addi�onal extension of collabora�ve services beyond that ini�ally agreed to was declined by Threshold owing to our own opera�onal priori�es, which had already been delayed in roll out due to unexpectantly having to assist the Local Authority.

Social Enterprise and Day Centre Hub

During month seven of this repor�ng period the Organisa�on acquired the lease and therefore use of a substan�al town centre retail unit, with space over two floors. The unit was acquired for use to develop our social enterprise ini�a�ves and to serve our ambi�on to develop a significantly larger day centre within the town centre. The space also served to store essen�al supplies for both our Outreach and Rese�lement projects. Favourable lease terms were secured allowing the organisa�on substan�al flexibility to develop projects from a low-cost base. During this repor�ng period, development of the space – ‘Threshold WORKS’ - was hampered by the resigna�on of a key staff member allocated to ini�ate the project, but even so renova�on of the space and decan�ng of stock from alterna�ve storage places occurred in prepara�on for full u�lisa�on during the next repor�ng period.

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REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

Rese�lement Housing Hostels, Move-On Projects

As at 31st of March 2022, Threshold owned the freehold of four proper�es which serve as move-on rese�lement hostel projects, offering up to twenty bed spaces. Residents can stay for circa two years in the majority of our rese�lement proper�es, a li�le longer in excep�onal circumstances, whilst they recover from the mul�ple trauma�c effects of being homeless. Residents, who would benefit from doing so, have the opportunity to learn essen�al life skills, emo�onal coping strategies, and access professional keywork support to enable them to a�ain, maintain and sustain independent accommoda�on in the community, learning to be self-sufficient, good tenants and great neighbours. It is intended that residents benefi�ng from respite within the SWAP will spend periods of around six to nine months receiving intensive support before moving into medium-level supported accommoda�on in order to swap a life of high risk, o�en dangerous ac�vity, for a safe space where a path of emo�onal recovery leading to a sustainable future can unfold.

During this repor�ng period, the SWAP accommodated ten women who sex work, while a further four women who sex worked were accommodated at other rese�lement proper�es. With much sa�sfac�on, the SWAP facilitated the avoidance or removal of the need to sleep rough for women who were sex working and in need of a safe space and dependable professional support. Several women entering the scheme went on to enter rehab, move away from the area into sustainable accommoda�on, enter Housing First accommoda�on or con�nue to engage with our team and various agencies towards their emo�onal recovery. Of notable impact was the significant reduc�on in sex working by the majority of women residents provided supported accommoda�on through the SWAP or overflow placement alloca�ons. As housing stability was achieved, residents increasingly availed themselves of support services provided by Threshold and worked towards reducing or elimina�ng drug dependence and its associated requirement for sex working or criminal ac�vity to fund high levels of illicit drug use. What remained a barrier for many women within the SWAP was the con�nued difficulty in accessing rapid and responsive drug and alcohol support services, with long waits for access to treatment remaining a cause of con�nued and elevated high risk-taking behaviour. Addi�onally, changes in Proba�on prac�ces which had the perverse effect of disadvantaging women while claiming to aspire to do the opposite, also proved a significant impediment to progress for many women residents who were required to work with Proba�on Services but found themselves without access to a person-centred approach to rehabilita�on planning or access to op�ons available to others, not designated (s�gma�sed) as ‘sex workers’.

For male offenders, a higher level of flexibility in rehabilita�on pathways existed through Proba�on Services and as a consequence less adverse impact was caused to them in their journey to rehabilitate through adherence to imposed condi�ons. Despite Threshold’s wish and plans to work more closely in support of genuine rehabilita�on of offenders through the crea�on of dedicated accommoda�on projects and joined up working between agencies, the current culture within the local Proba�on Service proved a significant barrier and deterrent to our ambi�ons and sadly resulted in the organisa�on limi�ng, instead of increasing, its provision of accommoda�on to offenders and scrapping altogether plans for an ini�al seven bedroom ‘through the gate’ accommoda�on project with adjacent five bedroom move on property, resul�ng in the organisa�on repurposing the designated accommoda�on spaces for homeless individuals with low level mental health support needs.

The organisa�on remains commi�ed to ini�a�ng rese�lement accommoda�on projects that address complex issues and cater to cohorts that experience an inability to access or sustain accommoda�on or break nega�ve cycles leading to repeated incidents of homelessness in less intensively supported environments.

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THRESHOLD HOUSING LINK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

MONITORING AND EVALUATION

All our divisions of services collate quan�ta�ve data and request qualita�ve feedback from service users, suppliers and partner agencies. This is used to review the charity's ac�vi�es, inform plans for developments and innova�ve solu�ons for issues that are iden�fied as requiring a�en�on and support. The u�lisa�on of the IN-Form management informa�on system (MIS) has con�nued to provide Threshold staff with a comprehensive method of tracking and evalua�ng service user progress through their journey from rough sleeping to rese�lement accommoda�on and then into independent living. In general, the IN-Form MIS has be�er enabled Threshold to monitor, report and analyse data to inform our service development and benchmark our performance. All new appointees to the organisa�on engage in online IN-Form training modules to ensure competency in using the MIS. Importantly, IN-Form provides Threshold with a robustly secure data MIS and ability to confidently fulfil our obliga�ons for safe data storage under the direc�ves of associated legisla�on.

ACCESS TO OUR SERVICES

Equal access to our services is an important issue for us. We monitor the access to our services by gender, disability and sexual orienta�on. We are aware that Black, Asian and Minority Ethnic (BAME) communi�es are dispropor�onately represented in some deprived areas of our town. We are also acutely aware that the LGBTQ+ community is overrepresented within the homeless popula�on in the UK. We believe equal access to our services is vital to our success and that successful outcomes must be shared by all individuals from all backgrounds and communi�es that access and use our services.

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THRESHOLD HOUSING LINK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

Financial posi�on

The financial posi�on of the charity at the year-end is set out on page 21. The charity had total funds of £1,198,314 at 31 March 2022 of which £1,182,703 represented unrestricted funds and £15,611 represented restricted funds.

Threshold's principal ac�vity con�nues to be the provision of a range of services that alleviate the suffering of homeless people. Over the past year our primary sources of income from our direct service provision ac�vity were derived from rent and service charges for our Rese�lement Projects and payments by the Local Authority for our Outreach Service. Incoming resources generated from these and other charitable ac�vi�es amounted to £384,273 which was available for opera�ng the accommoda�on and other related services for single homeless people. Resources expended to operate those services amounted to £376,012, producing a surplus of £8,261.

Principal Funding Sources

Our main funder during 2021/22 was Swindon Borough Council, predominantly through the payment of Housing Benefit. Aside from the income generated by the fees charged for the supported accommoda�on (£247,502), we also received a grant to support the work of the Street Outreach Service (£62,153). Grants were also received from Na�onwide provided £5,000 for a collabora�ve health and wellness project with Swindon Town Community Founda�on; Columbia Threadneedle Founda�on provided £2,500 towards a research project amplifying service user voice. Addi�onal fundraising ac�vi�es generated a total of £30,464 in dona�ons and gi�s made by many corporate supporters, 'Business Against Homelessness' members, and by the many generous members of the public whose support for the annual Swindon SleepOut, ‘A Chance to Change’ fund and seasonal appeals made by the charity allows Threshold to be�er serve the homeless.

As of the 31 March 2022 we employed 9 contracted employees (4 full-�me & 5 part-�me) which represented an increase in staff (from 3 full-�me & 2 part-�me as of 31 March 2021), reflec�ng the further changes in business needs. Across the period reflected in the statement, staffing costs represent the greatest overall expenditure at £188,550. Administra�on and organisa�onal support costs amounted to £37,785 which includes, rates, council tax and water, light and heat, insurance, premises costs, deprecia�on, rent, telephone, fax and internet, prin�ng, postage and sta�onery, computer and website costs, legal costs, independent examiners fees, plus mortgage interest and bank charges. Governance costs amounted to £9,854.

Investment policy and objec�ves

Each year most of the charity's income is spent, so aside from retaining a prudent amount of reserves in accordance with the charity's policy, there are few funds available for long-term investment. However, notwithstanding this, we place some income and/or grants that are received in advance, into high interest savings accounts before draw down in an effort to a�ract addi�onal revenue. Dona�ons can also accrue Gi� Aid. The Board of Trustees do not speculate in commercial money markets.

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REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

Reserves policy

Cash flow projec�ons for income and expenditure are regularly reviewed to ensure that the level of available assets and income reserves are adequate, and that the charity is in a posi�on to meet all of its commitments. The charity's reserves policy states that Threshold will accrue funds "sufficient to cover three month's running costs in order to ensure an orderly closure of the project should this become necessary, taking into account future needs, forecasts of future income and expenditure, and the level of liabili�es - both current and future". Once this reserve level is ascertained, a review of general reserves is undertaken and poten�al investment in property to provide addi�onal accommoda�on schemes is considered. A designated reserve fund of £10,000 remains established to cover future replacement costs of all IT hardware and associated so�ware.

A major repairs and renewals designated fund of £20,000 is kept to fund all major renewals, refurbishments and repairs to the charity's residen�al proper�es. This fund covers major purchases within the hostels and offices so that they can operate and be managed in good repair and order, to uphold health and safety and support wellness and efficiency of staff. This fund, in general, provides cover for the replacement of boilers, roofs, windows, bathrooms, kitchens, carpets, large household goods and other necessary office equipment etc.

At the year-end free reserves amount to £nil (2021 £nil). Free reserves represent unrestricted reserves less designated reserves and those �ed up in fixed assets. The charity is working towards achieving the desired level of free reserves set out above.

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FOR THE YEAR ENDED 31 MARCH 2022

FUTURE PLANS

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FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document and a deed of trust.

The organisa�on was formed in June 1972 and was known as The Swindon Cyrenians (AGAPE) when first registered as a charity. The charity is now branded as Threshold Housing Link, a Charitable Incorporated Organisa�on (CIO) 1017599. The Organisa�on is governed by its Cons�tu�on. The Trustees have no beneficial interest in the CIO.

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Recruitment and appointment of new trustees

For the purposes of charity law and under the organisa�on's Cons�tu�on, members of the Board are known as Trustees. Under the requirements of the Cons�tu�on, the Trustees are elected to serve for a period of three years, a�er which they must be re-elected at a Management Board Mee�ng.

Recruitment is undertaken con�nually through recommenda�ons, adver�sed vacancies on our website, through presenta�ons to business and community groups, and through Voluntary Ac�on Forums. There is a documented induc�on process, which usually takes three months to complete and includes observing management mee�ngs, visi�ng our projects and schemes, mee�ng other Trustees, mee�ng staff and service users, as well as comple�ng a full applica�on form, providing references and undergoing a Disclosure and Barring Service (DBS) check. The Board of Trustees seek to maximise the skill base of the Board and training is available in areas pertaining to the specific knowledge required for the nature of the charity's business and opera�ons and knowledge specific to fulfilling the role of a Trustee. This assists people's understanding and capability to review services, monitor and evaluate data rela�ng to the outputs and outcomes of the schemes and services. A broad skills mix is required of the Board; an annual skills review undertaken by the Board monitors and highlights any learning that has taken place and iden�fies areas of poten�al skill loss, due to re�rement or resigna�on, which thereby creates a need for growth and expansion among the Board with due regard to specific skills sets.

Addi�onally, in this repor�ng period there was a strong focus by the Board on direc�ng the crea�on of the legal, administra�ve and staffing structures for best suppor�ng the organisa�on’s expansion objec�ves.

Richard Clowes served as Chair of Trustees for the en�re dura�on, and beyond, of the period referenced in this report. The number of members on the Board of Trustees at the end of this repor�ng period stood at five. The maximum number of board members, as outlined in the Cons�tu�on, is determined as up to ten people during this repor�ng period.

Decision making

The overall responsibility for the charity rests with the Board of Trustees, who are appointed as Trustees of the Charitable Incorporated Organisa�on. The Trustees who served or were appointed during the year and up to the end date of this repor�ng period are listed in the 'REFERENCE AND ADMINISTRATION DETAILS' sec�on of this report. Trustees provide leadership and oversight of the organisa�on's charitable objec�ves. The Board of Trustees have overview of senior management pay and terms and condi�ons and remunera�on is set by the Trustees a�er considering the remunera�on of equivalent staff at similar charitable organisa�ons. Authority from the Trustees for the day to day running of the charity is delegated to the Chief Development Officer.

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External Rela�onships

The charity was part funded by Swindon Borough Council to deliver Rough Sleeper and Homeless Outreach Services within Swindon during the repor�ng period.

The charity also maintains close collabora�ve and strategic links with other homelessness and health and social care organisa�ons both within Swindon and na�onally.

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FOR THE YEAR ENDED 31 MARCH 2022

Risk management

The charity is aware of non-financial risks presented by events and their outcomes that may have a significant effect on:

All opera�onal and building risk assessments are reviewed annually, with rou�ne inspec�on being undertaken at frequent intervals. Specific staff members have been iden�fied as having Health and Safety responsibili�es. All monitoring requirements are adhered to, with reports being submi�ed to funders as per specific arrangements. A Business Con�nuity Plan is in place which covers eventuali�es such as fire, flooding, loss of use of buildings and situa�ons affec�ng staff and residents, including poten�al future pandemics.

The charity's computers were replaced during the repor�ng period and a cloud-based data storage pla�orm was u�lised as a more suitable and efficient long-term solu�on to the former server previously onsite at Threshold headquarters. The upgrades undertaken during the repor�ng period have substan�ally mi�gated the various risk factors that had previously existed in years past with fixed desktop computers and onsite servers. Addi�onally, the portability of IT equipment has increased efficiency and allowed ease of mul�site and flexible working while also mi�ga�ng substan�ally the risk of loss of performance which would otherwise occur if access to our HQ was restricted or denied.

Most of Threshold's income is derived from property rents, service charges, dona�ons, and grants. Most costs relate directly to service provision. Our fixed assets relate to freehold ownership of our Rese�lement Project's accommoda�on facili�es. Our balance sheet reflects the value of these property assets but these funds are not available for general charitable expenditure. It is further recognised that these fixed assets generate periodic maintenance and repair costs for the charity.

The level and extent of addi�onal (non-core) or enhanced services provided by Threshold mainly corresponds to the level of grant funding and fundraised income received. As such the charity will not be able to operate in its current form without a�rac�ng significant addi�onal income streams to fund Outreach and associated services provided through our central office / day centre. Any significant loss of core income would require major organisa�onal restructuring in line with the reduc�on in income. Accordingly, the organisa�on is set upon developing further stable income growth through the provision of accommoda�on in the coming year.

Insurance provides cover against the inability to provide services due to damage to buildings, etc. The risks to service charge income associated with each room at each property is covered by a cau�ous es�mate of occupancy levels and bad debts which may be accrued in each year's budget. Considerable effort was maintained throughout the year to reduce voids and maximise revenue. The void rate achieved across this repor�ng period was 2.3%.

Prepara�on of cashflow forecasts and budgets allow the Board and Senior Management to closely iden�fy variances arising during monthly repor�ng cycles and therefore monitor key business risks and swi�ly apply risk mi�ga�on strategies.

Page 15

THRESHOLD HOUSING LINK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

Threshold was awarded a Local Authority supply contract to deliver an Asser�ve Rough Sleeper Outreach Service from 9th February 2020 for a period of twelve months with poten�al to extend a further twelve months. The award amount provided for this contracted service represented a significant increase on contribu�ons made previously over the past decade. The Local Authority retain the right to terminate the contract on non-performance of specified terms, which are reviewed by both Threshold and the Local Authority on a regular basis. There was an inherent risk of cessa�on to the contract and poten�al clawback of funding if the Local Authority was dissa�sfied with performance. That risk was mi�gated by the consistent delivery of high-quality outreach, staffed beyond the requirements of the contract in order to sa�sfy Threshold standards. The Local Authority, consequently, requested to further extend the contract, on mul�ple occasions, which saw the contract unexpectantly con�nue for the en�re dura�on, and beyond, of this repor�ng period.

Fundraising is incredibly important to Threshold as it typically provides crucial funds to support the organisa�on's vital services. The organisa�on's fundraising strategy during the repor�ng period focused upon a return to event hos�ng and sustained direct appeals to corporate and individual donors. Our annual BIG SleepOut event returned to a face-to-face gathering of kindred spirits, which had been prevented during the period of pandemic imposed restric�ons, which resulted in an increase of patronage upon the previous year. However, fundraising targets fell short of expecta�ons, and this can largely be assumed to be correlated with adverse trends in the economy and significant stressors to personal budgets due to remarkable cost of living increases. Risk to the organisa�on’s tradi�onal fundraising streams is increasing and recognised as an area of risk most likely to increase in the year ahead.

Another significant area of ongoing risk pertains to staff reten�on and recruitment. Key to delivering the level of high-quality services we pride ourselves upon are the addi�onal staff appointments that the organisa�on can make and the reten�on of exis�ng high performing staff. A�rac�ng addi�onal suitably experienced, professionally qualified, and wholly well mo�vated staff con�nues to be challenging for the organisa�on. The sector con�nues to see limited movement among professionals between organisa�ons, with large supported housing providers and na�onal homelessness relief organisa�ons able to drive salaries rapidly up they are experiencing a high level of reten�on and outpacing the capacity of smaller organisa�ons to be compe��ve. Addi�onally, ideal candidates for key posts within the organisa�on require considerable sector experience and could generally be considered to come from most senior posts within the housing sector, the NHS, or the human and social services sectors. With the expansion of further specialist supported housing projects, the risk of adverse impact upon opera�ons will be significant in the absence of addi�onal recruitment of suitably qualified and experienced staff. Recognising this, the organisa�on will keenly and frequently review regional salaries and priori�se maintaining a dynamic reten�on strategy to mi�gate a�ri�on. Addi�onally, an ac�ve and open recruitment campaign will run across the coming year and seek to marginally exceed our op�mum staffing profile in order to buffer capacity and strengthen the speed and durability of future growth phases.

Our risk register is updated regularly by Senior Management and reviewed by Trustees. Risks are priori�sed in terms of poten�al impact and likelihood of occurrence and considered at Management Board Mee�ngs. Risk mi�ga�on is considered by the Senior Management Team who are then responsible for taking all necessary ac�ons. The Board recognises that risk management systems and protocols can only provide reasonable but not absolute assurance that major risks have been adequately managed in order to mi�gate opera�onal risks. Threshold implements an annual review of opera�onal services to iden�fy areas of good prac�ce and highlight areas where improvement is required.

It is recognised by the organisa�on that strengthening risk management processes is an ongoing endeavour and a commitment to doing so remains a priority with further measures agreed for implementa�on in 202223.

Page 16

THRESHOLD HOUSING LINK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1017599

Principal address

2nd Floor 1 John Street Swindon Wiltshire SN1 1RT

Trustees Lindsey Ca�elain (resigned 13[th] March 2022) Richard Clowes Clare Metcalfe Bryan Saunders Ross Peters Ash Zuberi

Chief Development Officer

Michael Keenan

Company Secretary Michael Keenan

Independent Examiner

Susan Plumb ACA Haines Wa�s Chartered Accountants Old Sta�on House Sta�on Approach Newport Street Swindon Wiltshire SN1 3DU

Page 17

THRESHOLD HOUSING LINK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

Legal Advisors Peninsula Business Services The Peninsula 2 Cheetham Hill Road Manchester M4 4FB

Bankers

Co-Opera�ve Bank PO Box 250 Skelmersdale WN8 6WT

Approved by order of the board of trustees on 30[th] January 2023 and signed on its behalf by:

.................................................. Mr Richard Clowes - Trustee

Page 18

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THRESHOLD HOUSING LINK

Independent examiner's report to the Trustees of Threshold Housing Link

I report to the charity trustees on my examina�on of the accounts of Threshold Housing Link (the Trust) for the year ended 31 March 2022.

Responsibili�es and basis of report

As the charity Trustees of the Trust you are responsible for the prepara�on of the accounts in accordance with the requirements of the Chari�es Act 2011 ('the Act').

I report in respect of my examina�on of the Trust's accounts carried out under sec�on 145 of the Act and in carrying out my examina�on I have followed all applicable Direc�ons given by the Charity Commission under sec�on 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examina�on because I am a registered member of ACA which is one of the listed bodies.

I have completed my examina�on. I confirm that no material ma�ers have come to my a�en�on in connec�on with the examina�on giving me cause to believe that in any material respect:

  1. accoun�ng records were not kept in respect of the Trust as required by sec�on 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Chari�es (Accounts and Reports) Regula�ons 2008 other than any requirement that the accounts give a true and fair view which is not a ma�er considered as part of an independent examina�on.

I have no concerns and have come across no other ma�ers in connec�on with the examina�on to which a�en�on should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Susan Plumb ACA Haines Wa�s Chartered Accountants Old Sta�on House Sta�on Approach Newport Street Swindon Wiltshire SN1 3DU

Date: 30 January 2023

Page 19

THRESHOLD HOUSING LINK

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Notes
INCOME AND ENDOWMENTS FROM
Dona�ons and legacies
Charitable ac�vi�es
4
Supported accommoda�on
Other trading ac�vi�es
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
Charitable ac�vi�es
5
Supported accommoda�on
NET INCOME/(EXPENDITURE)
Other recognised gains/(losses)
Gains on revalua�on of fxed assets
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
36,608
247,502
26,353
46
310,509
318
313,541
(3,350)
-
(3,350)
1,186,053
1,182,703
Restricted
funds
£
-
73,764
-
-
73,764
-
62,153
11,611
-
11,611
4,000
15,611		 2022

Total
funds
£
36,608
321,266
26,353
46
384,273
318
375,694
8,261
-
8,261
1,190,053
1,198,314		 2021
Total
funds
£
35,208
292,215
28,879
359
356,661
2,156
309,392
45,113
234,343
279,456
910,597
1,190,053

The notes form part of these financial statements

Page 20

THRESHOLD HOUSING LINK

STATEMENT OF FINANCIAL POSITION

31 MARCH 2022

Notes
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due a�er more than one
year
11
NET ASSETS
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
1,217,096
35,054
269,630
304,684
(67,664)
237,020
1,454,116
(271,413)
1,182,703
Restricted
funds
£
-
-
15,611
15,611
-
15,611
15,611
-
15,611		 2022

Total
funds
£
1,217,096
35,054
285,241
320,295
(67,664)
252,631
1,469,727
(271,413)
1,198,314
1,182,703
15,611
1,198,314		 2021
Total
funds
£
1,228,968
17,102
340,596
357,698
(104,282)
253,416
1,482,384
(292,331)
1,190,053
1,186,053
4,000
1,190,053

The financial statements were approved by the Board of Trustees and authorised for issue on 30[th] January 2023 and were signed on its behalf by:

............................................. Mr Richard Clowes - Trustee

The notes form part of these financial statements

Page 21

THRESHOLD HOUSING LINK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit en�ty under FRS 102, have been prepared in accordance with the Chari�es SORP (FRS 102) 'Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019)', Financial Repor�ng Standard 102 'The Financial Repor�ng Standard applicable in the UK and Republic of Ireland' and the Chari�es Act 2011. The financial statements have been prepared under the historical cost conven�on, as modified by the revalua�on of certain assets.

The financial statements are prepared in sterling, which is the func�onal currency of the en�ty and is rounded to the nearest £.

Going concern

There are no material uncertain�es regarding the ability of the charity to con�nue as a going concern.

Income

All income is recognised in the Statement of Financial Ac�vi�es once the charity has en�tlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabili�es are recognised as expenditure as soon as there is a legal or construc�ve obliga�on commi�ng the charity to that expenditure, it is probable that a transfer of economic benefits will be required in se�lement and the amount of the obliga�on 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 a�ributed to par�cular headings they have been allocated to ac�vi�es on a basis consistent with the use of resources.

Alloca�on and appor�onment of costs

Support and governance costs are re-allocated on the following basis which is an es�mate, based on direct expenditure, of the amount a�ributable to each ac�vity

Support accommoda�on 99% Fundraising 1%

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with cons�tu�onal and statutory requirements and include any costs associated with the strategic management of the charity's ac�vi�es.

Tangible fixed assets

Deprecia�on is provided at the following annual rates in order to write off each asset over its es�mated useful life.

Freehold property 50 years
Hostel equipment 3 years

con�nued...

Page 22

THRESHOLD HOUSING LINK

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES - con�nued

Tangible fixed assets Motor vehicles 3 years Computer equipment 3 years Office equipment 15% reducing balance

Taxa�on

The charity is exempt from tax on its charitable ac�vi�es.

Fund accoun�ng

Unrestricted funds can be used in accordance with the charitable objec�ves at the discre�on of the trustees.

Restricted funds can only be used for par�cular restricted purposes within the objects of the charity. Restric�ons arise when specified by the donor or when funds are raised for par�cular restricted purposes.

Further explana�on of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under opera�ng leases are charged to the Statement of Financial Ac�vi�es on a straight line basis over the period of the lease.

Pension costs and other post-re�rement benefits

The charity operates a defined contribu�on pension scheme. Contribu�ons payable to the charity's pension scheme are charged to the Statement of Financial Ac�vi�es in the period to which they relate.

Debtors

Trade and other debtors are recognised at the se�lement amount due. Prepayments are valued at the amount prepaid.

Creditors

Creditors are recognised where the charity has a present obliga�on resul�ng from a past event that will probably result in the transfer of funds to a third party and the amount due to se�le the obliga�on can be measured or es�mated reliably. Creditors are recognised at their se�lement amount.

con�nued...

Page 23

THRESHOLD HOUSING LINK

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31 MARCH 2022

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
Sleepout
21,619
-
Miscellaneous income
4,734
-
26,353
-		 2022
Total
funds
£
21,619
4,734
26,353		 2021
Total
funds
£
17,103
11,776
28,879

3. INVESTMENT INCOME

INVESTMENT INCOME
Unrestricted
Restricted
funds
funds
£
£
Deposit account interest
46
-
INCOME FROM CHARITABLE ACTIVITIES
Ac�vity
Fees from residents
Supported accommoda�on
Outreach workers
Outreach Support Services
Threadneedle grant
Supported accommoda�on
Na�onwide grant
Supported accommoda�on
Wiltshire Community Fund Supported accommoda�on
Homeless Link
Suppor�ng accommoda�on
A Chance to Change
Supported accommoda�on		 2022
Total
funds
£
46
2022
£
247,502
62,153
2,500
5,000
-
-
4,111
321,266		 2021
Total
funds
£
359
2021
£
203,215
59,000
-
-
10,000
20,000
-		 2021
Total
funds
£
359
292,215

4. INCOME FROM CHARITABLE ACTIVITIES

con�nued...

Page 24

THRESHOLD HOUSING LINK

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31 MARCH 2022

5. CHARITABLE ACTIVITIES COSTS

Staf costs
Consultancy costs
Rates, Council tax and water
Light and heat
Repairs
Bad debts
Insurance
Other premises costs
Staf recruitment, training etc
Deprecia�on
Fundraising costs
Mortgage interest
Legal and professional fees
Independent Examiners fee
Rent
Telephone
Adver�sing
Postage and sta�onary
Computer and website costs
Subscrip�ons
No�onal bank interest
Bank charges
Sundry expenses
Support costs
Total expenditure 2022
Total expenditure 2021		 Costs of
Supported
Support
2022
2021
Raising
funds
Accommo
da�on
costs
Total
Total
£
£
£
£
£
-
188,550
-
188,550
167,136
-
50,054
-
50,054
42,953
-
-
5,589
5,589
3,535
-
-
11,534
11,534
8,307
-
11,032
-
11,032
6,098
-
2,782
-
2,782
6,144
-
5,819
-
5,819
5,304
-
24,306
-
24,306
5,564
-
2,864
-
2,864
1,780
-
27,939
-
27,939
27,188
-
-
-
-
720
-
1,801
-
1,801
2,330
-
-
6,524
6,524
1,314
-
-
3,330
3,330
3,300
-
-
4,700
4,700
5,200
-
6,487
-
6,487
6,117
-
1,255
-
1,255
2,715
-
694
-
694
2,328
-
8,605
-
8,605
10,384
-
617
-
617
700
-
11,106
-
11,106
-
-
316
-
316
446
-
-
108
108
1,985
-
344,227
31,785
376,012
311,548
318
31,467
(31,785)
318
375,694 -
376,012
2,156
309,392 -
311,548

Of the expenditure £62,153 was restricted (2021 £222,548) and £313,859 was restricted (2021 £89,000)

Support costs Management Governance Total Supported accommoda�on £21,931 £9,854 £31,785

Page 25

con�nued...

THRESHOLD HOUSING LINK

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31 MARCH 2022

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no Trustees' remunera�on or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no Trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

7. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2022
£
173,619
13,063
1,868
188,550		 2021
£
155,805
10,355
976
167,136

The average monthly number of employees during the year was as follows:

2022
7		 2021
4

Key management personnel include all persons that have authority and responsibility for planning, direc�ng and controlling the ac�vi�es of the charity. The total compensa�on paid to key management personnel for services provided to the charity was £126,006 (2021: £136,056).

One employee earned between £60,000-£70,999 (2021 none).

No staff redundancy costs were incurred during the year (2021: £14,450).

Page 26

con�nued...

THRESHOLD HOUSING LINK

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31 MARCH 2022

8. TANGIBLE FIXED ASSETS

COST
At 1 April 2021
Addi�ons
Disposals
At 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
Eliminated on disposal
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021		 Freehold
property
£
1,254,049
-
-
1,254,049
25,081
23,901
-
48,982
1,205,067
1,228,968
Ofce

equipment
£
23,435
8,248
-
31,683
23,435
1,987
-
25,422
6,261
-		 Motor

vehicles
£
14,673
-
(5,499)
9,174
14,673
-
(5,499)
9,174
-
-		 Computer

equipment
£
104,087
7,819
-
111,906
104,087
2,051
-
106,138
5,768
-
Totals
£
1,396,244
16,067
(5,499)
1,406,812
167,276
27,939
(5,499)
189,716
1,217,096
1,228,968

Freehold property includes four proper�es held at valua�on on an open market basis of £1,220,000. Valua�ons were carried out in July 2020 by independent, qualified valuers, Richard James Estate Agents on three proper�es with an addi�onal valua�on carried out by Aitchson Rafferty in January 2021 on the newest property acquisi�on.

All of the above are used for charitable purposes.

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
Prepayments and accrued income		 2022
£
4,983
30,071
35,054		 2021
£
12,220
4,882
17,102

con�nued...

Page 27

THRESHOLD HOUSING LINK

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31 MARCH 2022

10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdra�s (see note 12)
Other creditors
11.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 12)
12.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and fve years:
Bank loans - 2-5 years
Amounts falling due in more than fve years:
Repayable by instalments:
Bank loans more 5 yr by instal
13.
SECURED DEBTS
The following secured debts are included within creditors:
Bank loans		 2022
£
20,734
46,930
67,664
2022
£
271,413
2022
£
20,734
19,828
59,225
192,360
2022
£
292,147		 2021
£
22,300
81,982
104,282
2021
£
292,331
2021
£
22,300
20,884
59,484
211,963
2021
£
314,631

Bank loans totalling £292,147 (2022 £314,631) are secured against freehold property held by the charity.

con�nued...

Page 28

THRESHOLD HOUSING LINK

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31 MARCH 2022

14. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
At 1/4/21
£
Unrestricted funds
General funds
683,296
IT reserve fund
10,000
Designated major fund
20,000
Revalua�on reserve
472,757
1,186,053
Restricted funds
Threadneedle
4,000
Na�onwide
-
A Chance to Change
-
4,000
TOTAL FUNDS
1,190,053
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General funds
310,509
Restricted funds
Outreach workers
62,153
Threadneedle
2,500
Na�onwide
5,000
A Chance to Change
4,111
73,764
TOTAL FUNDS
384,273		 Net
movement
in funds
£
(3,350)
-
-
-
(3,350)
2,500
5,000
4,111
11,611
8,261
Resources
expended
£
(313,859)
(62,153)
-
-
-
(62,153)
(376,012)
At

31/3/22
£
679,946
10,000
20,000
472,757
1,182,703
6,500
5,000
4,111
15,611
1,198,314

Movement

in funds
£
(3,350)
-
2,500
5,000
4,111
11,611
8,261

con�nued...

Page 29

THRESHOLD HOUSING LINK

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31 MARCH 2022

14. MOVEMENT IN FUNDS - con�nued

Compara�ves for movement in funds

Unrestricted funds
General funds
IT reserve fund
Designated major fund
Revalua�on reserve
Restricted funds
Threadneedle
TOTAL FUNDS		 At 1/4/20
£
610,183
10,000
50,000
238,414
908,597
2,000
910,597		 Net
movement
in funds
£
43,113
-
-
234,343
277,456
2,000
279,456		 Transfers
between
At
funds
31/3/21
£
£
30,000
683,296
-
10,000
(30,000)
20,000
-
472,757
-
1,186,053
-
4,000
-
1,190,053		 At
31/3/21
£
683,296
10,000
20,000
472,757

Compara�ve net movement in funds, included in the above are as follows:

Unrestricted funds
General funds
Revalua�on reserve
Restricted funds
Outreach workers
Threadneedle
Wiltshire Community Fund
Homeless Link
TOTAL FUNDS		 Incoming
resources
£
265,661
-
265,661
59,000
2,000
10,000
20,000
91,000
356,661		 Resources
expended
£
(222,548)
-
(222,548)
(59,000)
-
(10,000)
(20,000)
(89,000)
(311,548)		 Gains and
Movement
losses
in funds
£
£
-
43,113
234,343
234,343
234,343
277,456
-
-
-
2,000
-
-
-
-
-
2,000
234,343
279,456

con�nued...

Page 30

THRESHOLD HOUSING LINK

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31 MARCH 2022

14. MOVEMENT IN FUNDS - con�nued

A current year 12 months and prior year 12 months combined posi�on is as follows:

Unrestricted funds
General funds
IT reserve fund
Designated major fund
Revalua�on reserve
Restricted funds
Threadneedle
Na�onwide
A Chance to Change
TOTAL FUNDS		 At 1/4/20
£
610,183
10,000
50,000
238,414
908,597
2,000
-
-
2,000
910,597		 Net
movement

in funds
£
39,763
-
-
234,343
274,106
4,500
5,000
4,111
13,611
287,717		 Transfers

between

funds
£
30,000
-
(30,000)
-
-
-
-
-
-
-
At
31/3/22
£
679,946
10,000
20,000
472,757
1,182,703
6,500
5,000
4,111
15,611
1,198,314

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General funds
Revalua�on reserve
Restricted funds
Outreach workers
Threadneedle
Na�onwide
Wiltshire Community Fund
Homeless Link
A Chance to Change
TOTAL FUNDS		 Incoming
resources
£
576,170
-
576,170
121,153
4,500
5,000
10,000
20,000
4,111
164,764
740,934		 Resources
expended
£
(536,407)
-
(536,407)
(121,153)
-
-
(10,000)
(20,000)
-
(151,153)
(687,560)		 Gains and
Movement
losses
in funds
£
£
-
39,763
234,343
234,343
234,343
274,106
-
-
-
4,500
-
5,000
-
-
-
-
-
4,111
-
13,611
234,343
287,717

con�nued...

Page 31

THRESHOLD HOUSING LINK

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31 MARCH 2022

14. MOVEMENT IN FUNDS - con�nued

Purpose of restricted funds

Outreach Workers funds are amounts received to support the work of the Rough Sleeper Outreach Service.

Threadneedle funds received within this repor�ng period (£2,500) are amounts received to support the ‘As I See Me’ project, which aimed to facilitate explora�on of iden�ty through guided reflec�ons on self-percep�on, character strengths, and alterna�ve ways of being in its par�cipants, who will have ac�vely been involved in sex working as a survival strategy. Addi�onal restricted funds s�ll in reserve (£4000) are allocated to the Homeless Narra�ves project.

Na�onwide funds are amounts received to run a collabora�ve wellness promo�on project with Swindon Town FC Community Founda�on.

A Change to Change Fund receives corporate and private dona�ons which are restricted for use to support the needs of residents within, primarily, Threshold’s SWAP.

Purpose of Designated Funds

Repair fund

A major repairs and renewals designated fund of £20,000 is kept to fund all major renewals, refurbishments and repairs to the charity's proper�es and ensures the agencies obliga�ons of repair to the leased en��es.

IT replacement fund

To fund the replacement of the charity's IT systems.

Revalua�on reserve

This represents the difference between the revalued amount of the freehold property and the value under the historic cost basis.

con�nued...

Page 32

THRESHOLD HOUSING LINK

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31 MARCH 2022

15. RELATED PARTY DISCLOSURES

There were no related party transac�ons for the year ended 31 March 2022.

Page 33