2023-03-31-accounts - Turning Tides Homelessness

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				PAGES
Reference and Administrative			Details ofthe Charity, - -----
its Trustees and Advisors
Trustees Report —.				4-19
Independent Auditors	I	Report		-----20-22
Statement ofFinancial		Activities		-23
Balance Sheet				———-24
Statement ofCash Flows				-26-26
Notes tothe Financial		Statements-		-- -27-39

Trustees					Ian Mintram	(Chair)
					Richenda Kullar (Company Secretary)
					Duncan Anderson
					Timothy Cooper
					Moira James
					BillJones
					Jane Lodge
					Alwen Lyons
					Martin Quinn
					David Standing
Company	Registered			number	2708334
Charity Registered			number		1027832
Registered		office			Worthing Town Hall
					Chapel Road
					Worthing
					West Sussex	BN11 1HA
Company	Secretary				Richenda Kullar
Chief Executive					John Holmstrom
Independent		Auditors			Sheen Stickland
					Chartered Accountants
					7 East Pallant
					Chich ester
					West Sussex	PO191TR
Bankers					HSBC
					Goring Road
					Worthing
					West Sussex	BN124AW

	2020-2021	2021- 2022	2022- 2023	%Increase or Decrease (21/22 -22/23)
Pathways out ofhomelessness:
Total clients supported	841	883	938	+6%
Total new clients supported	459	351	372	+6%
Average length of rough sleeping of new clients (in weeks)	5.8		4.5	32%
Number of people rough sleeping at end of Q4 (restated)	16	28	34	+21%
Number of new clients taking up high support residencies with Turning Tides	118	125	177	42%
Average length of stay in high support projects (in weeks)	29.3	25.5	25.6	0%
Total high support move-ons	107	133	147	+11%
%planned high support departures	66%	62%	62%	0
Safeguarding alerts	22	20		-65%
Accommodation:
Total high support units of accommodation (restated)	91	92	100	+9%
Total medium and low support units of accommodation (restated)	110	115		-1%
%Occupancy high support accommodation (restated)	94.8%	94.4%	89.9%	-5%
%Occupancy medium and low support accommodation (restated)	89.4%	82.5%	86.9%	+5%
HR:
Voluntary staff turnover (restated)	14.9%	29.8%	15 2%	-49%
Staff sickness total average% working days lost	3.2%	6.4%	3.8%	-41%
Health and Safety &Maintenance
Health and Safety compliance	97%	99%	97%	-2%

	Risk	Risk Action Plan
Failure to maintain consistent		The HR strategy has included	new
staffing levels	ofgood quality	recruitment initiatives, learning and
due to inability to attract and		development programmes, salary
retain high quality staffing.		reviews and well-being activities. These
		measures have led to lower staff
		turnover and vacancy rates.
Reduction in service		A Financial Improvement Plan	was
capacity/organizational		actioned and has led to break	even
wellbeing due	to ineffectual	future budgets based on current levels
financial performance.		of funding.
Loss offinancial		Detailed business development	plan
onations/grants	cost of living	reated to closely match short	term
crisis/austerity		unded roles with when income	required.
		Good successes on applications,	Good
		media coverage for fundraising	leading to
		healthy donations levels.
Organisational	instability	Succession planning is being built into
due to lack of	succession	workforce planning reviews.
planning of key positions.

						2023	2022
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	E	E	E	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies				555,511		555,511	702,323
Charitable activities
Byron, Manor, Lyndhurst	and	Roffey		1,344,864	50,000	1,394,864	1,496,778
Recovery Services				915,481		915,481	728,916
Move on Housing				1,447,245		1,447,245	1,286,537
Homelessness Services				1,354,146	167,708	1,521,854	1,276,008
Central				6,723		6,723	9,686
Fundraising events				122,512		122,512	131,040
Investment income				3,495		3,495	1,565
Total				5,750,831	217,708	5,968,539	5,632,854
EXPENDITURE ON
Charitable activities
Byron, Manor, Lyndhurst	and	Roffey		1,413,684	50,000	1,463,684	1,210,170
Recovery Services				716,107	28,838	744,945	644,021
Move on Housing				1,036,464		1,036,464	1,293,863
Homelessness Services				1,182,397	167,708	1,350,105	1,242,694
Central				1,036,243		1,036,243	776,276
Fundraising				262,369		262,369	250,954
Donated Goods 8&Volunteering				189,096		189,096	252,869
Total				5,836,360	246,546	6,082,906	5,670,847
NET (EXPENDITURE)				(85,529)	(28,838)	(114,367)	(37,993)
Transfers between funds			18	900	(900)
Net movement in funds				(84,629)	(29,738)	(114,367)	(37,993)
RECONCILIATION OF FUNDS
Total funds brought forward				5,426,770	1,412,519	6,839,289	6,877,282
TOTAL FUNDS CARRIED	FORWARD			5,342,141	1,382,781	6,724,922	6,839,289

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	E	E	E	E
FIXED ASSETS
Tangible assets	11	4,286,520	1,155,000	5,441,520	5,178,S10
CURRENT ASSETS
Debtors	12	596,890		596,890	426,358
Investments	13	128		128	128
Cash at bank and in hand		1,069,766	227,781	1,297,547	1,875,181
		1,666,784	227,781	1,894,565	2,301,667
CREDITORS
Amounts falling due within one year	14	(469,555)		(469,555)	(570,235)
NET CURRENT ASSETS		1,197,229	227,781	1,425,010	1,731,432
TOTAL ASSETS LESSCURRENT LIABILITIES
		S,483,749	1,382,781	6,866,530	6,909,942
CREDITORS
Amounts falling due after more than one year	15	(141,608)		(141,608)	(70,6S3)
NET ASSETS		5,342,141	1,382,781	6,724,922	6,839,289
FUNDS	18
Unrestricted funds				5,342,141	5,426,770
Restricted funds				1,382,781	1,412,519
TOTAL FUNDS				6,?24,922	6,839,289

				2023	2022
			Notes	E	E
Cash flows from operating	activities
Cash generated from operations				(128,338)	176,344
Interest paid					(135)
Net cash (used in)/provided	by operating		activities	(128,338)	176,209
Cash flows from investing	activities
Purchase oftangible fixed	assets			(430,246)
Sale oftangible fixed assets					210,000
Interest received				3,495	1,565
Net cash (used in)/provided	by investing		activities	(426,751)	211,565
Cash flows from financing	activities
Loan repayments in year				(22,545)	(23,113)
Net cash used in financing	activities			(22,545)	(23,113)
Change in cash and cash equivalents		in the
reporting period				(577,634)	364,661
Cash and cash equivalents	at the beginning
ofthe reporting period				1,875,181	1,510,520
Cash and cash equivalents	at the end	of
the reporting period				1,297,547	1,875,181

RECONCILIATION	OF NET EXPENDITURE TO NET CASH FLOW FROM	OF NET EXPENDITURE TO NET CASH FLOW FROM	OF NET EXPENDITURE TO NET CASH FLOW FROM	OF NET EXPENDITURE TO NET CASH FLOW FROM	OF NET EXPENDITURE TO NET CASH FLOW FROM	OF NET EXPENDITURE TO NET CASH FLOW FROM	OPERATING	OPERATING	ACTIVITIES
									2023	2022
									E	E
Net expenditure	for	the	reporting		period (as per the	Statement of
Financial Activities)									(114,367)	(37,993)
Adjustments for:
Depreciation charges									167,236	124,107
Interest received									(3,495)	(1,565)
Interest paid										135
(Increase) in debtors									(170,532)	(224,963)
(Decrease)/increase		in creditors							(7,180)	316,623
Net cash (used in)/provided				by operations					(128,338)	176,344
ANALYSIS OF CHANGES			IN NET FUNDS
						At	1.4.22		Cash flow	At 31.3,23
							E		E	E
Net cash
Cash at bank and	in hand					1,875,181			(577,634)	1,297,547
						1,875,181			(577,634)	1,297,547
Liquid resources
Deposits included	in	cash
Current asset investments								128		128
								128		128
Debt
Debts falling due	within 1year						(23,113)		(800)	(23,913)
Debts falling due	after 1		year				(70,653)		23,345	(47,308)
							(93,766)		22,545	(71,221)
Total						1,781,543			(555,089)	1,226,454

			2023	2022
			E	f
Donations			421,838	613,619
Legacies			126,253	63,736
Grants			7,420	24,968
			555,511	702,323
Grants received, included		in the above, are as follows:
			2023	2022
			E	E
Government	grants		7,420	24,968
INVESTMENT	INCOME
			2023	2022
			E	f
Deposit account interest			3,495	1,565

			Byron,
			Manor,
			Lyndhurst
			and	Recovery	Move on	Homelessness
			Roffey	Services	Housing	Services
			E	E	E	E
Housing	Benefit		996,720	518,663	1,279,649
Housing	Support Services		223,632	350,998		7,300
Service	Charge		48,138	44,170	99,199
Grants			123,388	1,000	64,597	1,404,639
Fundraising		Events
Charitable		Trusts	2,986	650	3,800	109,915
			1,394,864	915,481	1,447,245	1,521,854
					2023	2022
					Total	Total
			Central	Fundraising	activities	activities
			E	E	E	E
Housing	Benefit				2,795,032	2,625,529
Housing	Support Services				581,930	495,692
Service	Charge				191,507	196,243
Grants			6,723		1,600,347	1,360,958
Fundraising		Events		122,512	122,512	131,040
Charitable		Trusts			117,351	119,504
			6,723	122,512	5,408,679	4,928,966

						Support
					Direct	costs (see	2023	2022
					Costs	note 7)	Totals	Totals
					f	f	f	f
Byron, Manor and Lyndhurst			and Roffey		1,401,507	62,177	1,463,684	1,210,170
Recovery	Services				718,517	26,428	744,945	644,021
Move on Housing					1,000,039	36,425	1,036,464	1,293,863
Homelessness Services					1,290,245	59,860	1,350,105	1,242,694
Central					1,029,170	7,073	1,036,243	776,276
Donations,	Legacies and	Fundraising		Events	248,082	14,287	262,369	250,954
Donated Goods gl Volunteering					181,991	7,105	189,096	252,869
					5,869,551	213,355	6,082,906	5,670,847
SUPPORT	COSTS
						Governance	2023	2022
					Management	costs	costs	Totals
					f	f	f	f
Byron, Manor, Lyndhurst		and	Roffey		40,324	21,853	62,177	76,097
Recovery	Services				20,131	6,297	26,428	44,007
Move on Housing					21,706	14,719	36,425	46,964
Homelessness Services					48,427	11,433	59,860	90,334
Central					7,073		7,073	23,807
Donations,	Legacies and	Fundraising		Events	8,964	5,323	14,287	26,006
Donated Goods gl Volunteering					5,839	1,266	7,105	10,976
					152,464	60,891	?13,355	318,191

			2023	2022
			E	E
Depreciation	-owned	assets	167,236	124,107

STAFF COST	S
					2023	2022
					E	E
Wages and	salaries				3,630,327	3,279,117
Social security costs					331,277	279,301
Other pension costs					81,439	73,258
					4,043,043	3,631,676
The average	monthly	number	ofemployees	during the year was as follows:
					2023	2022
Total					157	155

TANGIBLE	FIXEDASSETS
				Improvements
		Freehold		to	Motor
		property f	Land f	property f	vehicles f	Totals E
COST
At 1st April	2022	5,318,347	977,124	256,703	98,413	6,650,587
Additions				381,308	48,938	430,246
Disposals				(256,703)		(256,703)
At 31st March 2023		5,318,347	977,124	381,308	147,351	6,824,130
DEPRECIATION
At 1st April	2022	1,165,671		256,703	49,703	1,472,077
Charge for	year	104,173		34,500	28,563	167,236
Eliminated	on disposal			(256,703)		(256,703)
At 31st March 2023		1,269,844		34,500	78,266	1,382,610
NET BOOK	VALUE
At 31st March 2023		4,048,503	977,124	346,808	69,085	5,441,520
At 31st March 2022		4,152,676	977,124		48,710	5,178,510

The properties	at West	Hill Grinstead,	being numbers	20, 22 and 24 are held at valuation at the date that the	20, 22 and 24 are held at valuation at the date that the
properties were transferred		to the charity.
DEBTORS
				2023	2022
				f	E
Amounts falling due within		one year:
Trade debtors				279,426	150,635
Other debtors				13,702	7,750
Prepayments	and accrued	income		109,512	68,473
				402,640	226,858
Amounts falling due after more than			one year:
Other debtors				194,250	199,500
Aggregate amounts				596,890	426,358

					2023	2022
					f	E
Listed investments					128	128
The market value of listed			investments	at 31March 2023 was E128(2022, f128).
CREDITORS: AMOUNTS		FALLING DUE		WITHIN ONE YEAR
					2023	2022
					E	f
Bank loans and overdrafts			(see note 16)		23,913	23,113
Trade creditors					73,221	101,644
Social security and other			taxes			70,315
Other creditors					21,129	14,550
Accruals and deferred	income				351,292	360,613
					469,555	570,235

CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN ONE YEAR	FALLING DUE AFTER MORE THAN ONE YEAR
					2023	2022
					E	f
Bank loans (see note		16)			47,308	70,653
Accruals	and deferred	income			94,300
					141,608	70,653
LOANS
An analysis ofthe maturity			of	loans is given below:
					2023	2022
					f	E
Amounts	falling due within		one year on demand:
Bank loans					23,913	23,113
Amounts	falling due between			two and five years:
Bank loans - 2-5 years					47,308	70,653

Minimum lease	Minimum lease	payments	payments	payments	payments	under	non-cancellable	operating	fall due as	follows:
										2023	2022
										f	f
Within one	year									127,458	106,998
Between one and				five years						183,943	63,917
										311,401	170,915
MOVEMENT IN		FUNDS
									Net	Transfers
									movement	between	At
								At 1,4.22	in funds	funds	31.3.23
								f	f	f	f
Unrestricted	funds
General fund								5,363,184	(50,913)		5,313,171
Designated	fund		—West		Hill, East
Grinstead								56,140	(34,616)		21,524
Designated	fund		-	PRS and Personalisation
Budget								7,446			7,446
								5,426,770	(85,529)	900	5,342,141
Restricted funds
WSCC PHE Capital				Funding Scheme				1,155,000			1,155,000
Adur Furniture Network								154,387			154,387
Dr Chesters	Charity							900		(900)
Ravenscourt								102,232	(28,838)		73,394
								1,412,519	(28,838)	(900)	1,382,781
TOTAL FUNDS								6,839,289	(114,367)		6,724,922
Net movement		in	funds,			included	in the above are as follows:
									incoming	Resources	Movement
									resources	expended	in funds
									f	f	f
Unrestricted	funds
General fund									5,750,831	(5,801,744)	(50,913)
Designated	fund		-	West	Hill, East
Grinstead										(34,616)	(34,616)
									5,750,831	(5,836,360)	(85,529)
Restricted funds
The Big Lottery		funding							167,708	(167,708)
Ravenscourt										(28,838)	(28,838)
Nationwide	Community				Grants				56,008	(50,000)
									217,708	(246,546)	(28,838)
TOTAL FUNDS									5,968,539	(6,082,906)	(114,367)

Comparative	s for movemen	t in funds
					Net	Transfers
					movement	between	At
				At 1.4,21	in funds	funds	31.3.22
				f	f	f	f
Unrestricted	funds
General fund				4,924,880	83,504	354,800	5,363,184
Designated	fund - West Hill,	East
Grinstead				147,873	(91,733)		56,140
Designated	fund - PRS and Personalisation
Budget				10,687	(3,241)		7,446
Other general funds				186,000		(186,000)
				5,269,440	(11,470)	168,800	5,426,770
Restricted funds
WSCC PHE Capital Funding Scheme				1,155,000			1,155,000
YMCA				120,000		(120,000)
Albert Hunt	Trust			5,000	(5,000)
Worthing Borough Council				48,000		(48,000)
Adur Furniture Network				154,387			154,387
Dr Chesters	Charity			800	900	(800)	900
Ravenscouri				124,655	(22,423)		102,232
				1,607,842	(26,523)	(168,800)	1,412,519
TOTAL FUNDS				6,877,282	(37,993)		6,839,289
Comparative	net movement	in funds,	included	in the above are	as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
					f	f	f
Unrestricted	funds
General fund					5,424,620	(5,341,116)	83,504
Designated	fund - West Hill,	East
Grinstead						(91,733)	(91,733)
Designated	fund - PRS and Personalisation
Budget						(3,241)	(3,241)
					5,424,620	(5,436,090)	(11,470)
Restricted funds
Albert Hunt	Trust					(5,000)	(S,ooo)
The Big Lottery funding					205,334	(205,334)
Dr Chesters	Charity				900		900
Ravenscourt						(22,423)	(22,423)
Bus Fund					2,000	(2,000)
					208,234	(234,757)	(26,523)
TOTAL FUNDS					5,632,854	(5,670,847(	(37,993(

A current year	A current year	12 months	12 months	12 months	12 months	and prior year 12months	and prior year 12months	combined	position is as follows:	position is as follows:
									Net	Transfers
									movement	between	At
							At 1.4.21		in funds	funds	31.3.23
								f	f	f	f
Unrestricted	funds
General fund							4,924,880		32,591	355,700	5,313,171
Designated	fund		- West		Hill, East
Grinstead								147,873	(126,349)		21,524
Designated	fund		- PRSand			Personalisation
Budget								10,687	(3,241)		7,446
Other general		funds						186,000		(186,000)
							5,269,440		(96,999)	169,700	5,342,141
Restricted funds
WSCC PHE Capital Funding						Scheme	1,155,000				1,155,000
YMCA								120,000		(120,000)
Albert Hunt	Trust							5,000	(5,000)
Worthing Borough				Council				48,000		(48,000)
Adur Furniture		Network					154,387				154,387
Dr Chesters	Charity							800	900	(1,700)
Ravenscourt							124,655		(51,261)		73,394
							1,607,842		(55,361)	(169,700)	1,382,781
TOTAL FUNDS							6,877,282		(152,360)		6,724,922
A current year		12 months				and prior year 12 months		combined	net movenlent	in funds, included	in the above
are as follows:
									Incoming	Resources	Movement
									resources	expended	in funds
									f	f	f
Unrestricted	funds
Genera I fund									11,175,451	(11,142,860)	32,591
Designated	fund		- West		Hill, East
Grinstead										(126,349)	(126,349)
Designated	fund		- PRS and			Personalisation
Budget										(3,241)	(3,241)
									11,175,451	(11,272,450)	(96,999)
Restricted funds
Albert Hunt	Trust									(5,000)	(5,000)
The Big Lottery		funding							373,042	(373,042)
Dr Chesters	Charity								900		900
Ravenscourt										(51,261)	(51,261)
Bus Fund									2,000	(2,000)
Nationwide	Community				Grants				50,000	(So,ooo)
									425,942	(481,303)	(55,361)
TOTAL FUNDS									11,601,393	(11,753,753)	(152,360)