2021-03-31-accounts - Signposts (Luton)

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CONTENTS		Page
Legal and Administrative!nformation
Message from the Chairman
Report ofthe Trustees		4-8
independent Auditor's	Report	9-12
Statement ofFinancial	Activities	13
Balance Sheet		14
Cash Flow Statement
Notes to the Accounts		16-23

The Trustees who served during the financial year were as follows:	The Trustees who served during the financial year were as follows:	The Trustees who served during the financial year were as follows:
Trustees:		CVanschagen (Chairman)
		L Ward (Chair of	Finance					Committee)
		A Hyde
		CNewbery
		D Ball
		C Slough
		D Wood (resigned		15/02/2021)
		K Lee (appointed	28/09/2020)
		IWilliams (appointed				18/03/2021)
		JLittie (appointed		12/05/2021)
		Trustees are appointed						by	the	Board		of Trustees				in a
		general meeting.		The			number			nearest		to one			third	of
		Trustees shall retire			by			rotation			at each	Annual			General
		Meeting and may	offer			themselves					for re-election.
Chief Executive Officer		K Porter (retired	June			2020)/T				Archbold			(appointed			July
		2020)
Company	Secretary	KLee (resigned May			2020)
Finance Manager		LNutt
Registered	Office:	Unit 7 Titan Court,		Laporte Way,
		Luton, LU4 8EF
Auditors:		Saffery Champness		LLP
		71 Queen Victoria		Street
		London
		EC4V4BE
Solicitors:		Russell-Cooke
		2 Putney Hill
		Putney
		London SW15 6AB
Bankers:		Natwest
		31 George Street
		Luton LUI 2YN
		CAF Bank
		25 Kings Hill Avenue
		West Mailing ME19			4TA
Company	No:	2914936
Charity No:		1040860
Constitution:		Signposts (Luton)		is	a		registered				charity		and a		company
		limited by guarantee,			registered					in	England,		It is		governed
		by its memorandum			and			articles		ofassociation				dated		31st
		March 1994.

Risk	Area		Risk				Cum:nt Contttil	Monitorin
External			Local authority		changes		Networking and lobbying	Quarterly	at Board
			to social	olic
			Competition from		new or		Networking, operational	Quarterly	at Board
			existin	local mviders			standards and re utation
			Housing	Association		loss	Contingency planning	Quarterly	at Board
			ofpartnership agreement				ensuring alternative
							buildings to deliver
							contractual obli ations
Regulatory		and	Changes	to benefit			Income diversification	Quarterly	at Board
Coni	liance		s stem				and financial lannin
Operational			Illness, epidemic,				Pandeinic plan	Weekly at	SLTand
			pandemic	and				Quarterly	at Board
			wides read absence

			Income	fuads	Total	Total
			Unrestricted	Restricted	2021	2020
		Notes	f.	g
Income and endowments	from:
Donations and Fundraising			46,407	50,000	96,407	26,558
Investment income						38
Charitable activities.
Floating Support and Outreach			139,465		139,465	140,553
Hostel Accommodation	& Support	2	2,697,776	184,114	2,881,890	2,209,760
Other			1,212		1412	13,324
Total income and endowments			2,884,867	234,114	3,118,981	2390,233
Expenditure on:
Raising funds			1,965		1,965	1,755
Charitable artivities:
Floating Support and Outreach		3	160,966		i60,966	107,875
Hostel accommodation	&Support	3	2,633,302	202,003	2,835,305	2,302,428
Total expenditure			2,796,233	202,003	2,998336	2,412,058
Nei income/(expenditum)			88,634	32,111	120,745	(21,825)
Reconciliation offonda:
Total funds brought forward		12,13	982,391	1,834	984325	1,006,050
Total funds carried forward			1,071,025	33,945	1,104,970	984,225

				Total	Total
			Notes	2021	2020
Fixed assets
Tangible assets				831,271	787,137
Total fixed assets				831,271	787,137
Current assets
Debtors				333,940	205,416
Cash at bank and in hand				272,875	219,600
Total current assets				606,815	425,016
Liabilities
Creditors:
Amounts falling due
within one year			10	(288,724)	(174,187)
Net current assets				318,091	250,829
Total assets less cunent		liabilities		1,149,362	1,037,966
Creditors. Amounts	failing due after
more than one year				(44,392)	(53,741)
Total net assets				1,104,970	984,225
The funds ofthe charity:
h&come funds
- Restricted			13	33,945	1.834
-Unrestricted			12	1,071,025	982,391
Total funds				1,104,970	984,225

YEAR ENDED 31MARC	H 202	1
								Total	Total
						Notes		2021	2020
								E
Cash flows from operatiag activities:
Net cash provided by	(used	in)		operating		16		179,430	86,113
activity
Cash flows from investing	activities:
Interest from investments								7	38
Purchase ofproperty, plant	&equipment							(117,118)	(51441)
Net cash provided by	(used	in)		investing				(117,111)	(51403)
activities
Cash ilows from fiaanciug	activities:
Original loan repaid									(70,622)
New loan taken out									68,500
Repayments ofnew loan								(9,044)	(5,713)
Net cash used in financing	activities							(9,044)	(7,835)
Change in cash &cash equivalents		in	the reporting
period								53.275	27.074
Cash & cash equivalents	at the	beginning			of the
perlorl								219.600	192.526
Cash &cash equivalents at the end			ofthe period					272,875	219,600
Net debt reconciliation
At start			Cash			Other	Non-		At end
ofyear		Movement				Cash Movement			ofyear
Cash 219,600		53,275							272,875
Loans falling
due withia (9,046)			9,046			(9351)			(9,351)
one year
Loans failing
due more (53,741)							9,351		(44,390)
than one year
NET DEBT 156,813		62,321							219,134

Income fro	m cha	ritable	activities
				Unrestricted	Restricted		Total
				Funds	Funds		2021
				f	f
Local Authority		Contracts
Supporting	People —Luton			177,160			177.160
Suppotting	People —South Bedfordslure			215,210			215.210
Grants
Covid19 Grants					183,500		183,500
Big Change	Grant					614	614
Hostel Accomniodation			income	2,305,406			2,305.406
				2697.776	184,114		2,881,890
				Unrestricted	Restricted		Total
				Funds f	Funds		2020f
Local Authority		Contracts
Supporting	People —Luton			192.567			192,567
Suppoiting	People —South Bedfordshire			213,628			213.628
Grants
Open Minds	Lottery Funding				2,398		2.398
Hostel Accommodation			income	1.801.167			1,801,167
				2307 362	2	398	2 209.760


Cost ofcharitable	activities
					Direct	Other	Total	Total
					costs	costsf	2021f	2020
Floating Support and Outreach					130,195	30,771	160,966	107,875
Hostel Accommodation		Jlr	Support		1,984,390	850,915	2,835,305	2302,428
					2,114,585	881,686	2,996,271	2,410,303
Costs include:
Payroll (Note 4)							1,604,311	1266,398
Temponuy Staff and other			staff costs				35,870	79,145
Premises							853,337	614,042
Depreciation							67,405	59,118
Food							50,145	49,343
Telephone							66,022	46,238
Tmining and staff development							37249	25,383
Legal, office and other		costs					250,636	251,654
Loss on disposal of	assets						5,579	3,342
Client support services							25,717	15,640
							2,996,271	2,410,303
Restricted funds included			in the total figure:		f202,003(2020:	f4,819)
Payroll costs:
							2021f	2020
Wages and Salaries							1,416,835	1,107,200
Social security costs							127,647	100.292
Pension costs							59,829	58,906
							1,604,311	1,266,398
The average number	of	employees,		analysed			Number	Number
by function was:
Charitable nctivity							44	37
Administration							13	10
							57	47

Net incoming resources			2021 f	2020
The net incoming/(outgoing)	resoumes	are stated after charging:
Auditors remuneration- audit			10,980	10,680
Auditors remuneration- other Loss on disposal offixed assets			5,579	""4o
Rents payable under operating	leases		5,536	5,536
Depreciation			67,405	59,118

Tangible fixed assets
	Freehold	Fixtures	Computers
	Property and	and	and motor	Residents
	improvements	equipment g	vehiclesf	furniture	Total
Cost
At I April 2020	922,123	271,023	130,809	27,538	1,351,493
Additions		46,807	62.109	8,202	117,118
Disposals		(33,861)	(20,909)	(8,531)	(63,301)
At 31March 2021	922,!23	283,969	172,009	27,209	1,405,3i0
Depreciation
At 1 April 2020	219,734	223,136	94,982	26,504	564,356
Charge for the year	21,360	20,125	23.897	2,023	67405
Disposals		(31,055)	(18,185)	(8,482)	(57,722)
At 31March ZOZ1	241,094	212,206	100,694	20,045	574,039
Net book value
At 31March 2021	681,029	71,763	71,315	7,164	831,271
Net book value
At 31March 2020	702,389	47,887	35,827	1,034	787,137

9	Debtors: Due within	one year
			2021	2020
				g
	Rental income		190,898	161,088
	Other debtors and prepayments		143,042	44,328
			333,940	205,416
10	Creditors: Amounts	falling due within one year
			2021	2020
			f.
	Trade creditors		161,222	82,718
	Other creditors and accruals		86,642	49,046
	Tax and social security	costs	31,509	33,377
	Bank loans		9,351	9,046
			288,724	174,187
11	Creditors: Amounts	failing due after more than one year
			2021	2020
	Bank loans
	Later than one year and not later than five years Over five years		40,696 ' 696	39,357 14,384
			44,392	53,741

Unrestricted income	funds 2021
		Opening	Movements		Closing
		balance	ia yearf	Transfers	balance
Designated Funds:
Client Support Fund		3,854	(1,245)	7,391	10,000
Facilities Development	Fund	69,042	(37.002)		32.040
Contingency Fund		54,747			54,747
Database/entry system	Fund	8, 191	(6,842)	(1,349)
Refurbishment Fund				60,000	60,000
General Funds:
General Funds		846,557	67,681		914,238
Total Unrestricted Funds		982,391	22,592	66,042	1,071,025
Unrestricted income	funds 2020
		Opening	lvlovements		Closing
		balance	in year	Trausfers	balance
Designated Funds:
Client Support Fund		5,286	(1,432)		3,854
Facilities Development	Fund	79,833	(i0,791)		69,042
Contingency Fund		54,747			54,747
Database/entry system	Fund	8, 191			8,191
General Funds:
General Funds		853.738	7.181)		846.557
Total Unrestricted Funds		1,001,795	(19,404)		982,391

Participatio	n Co-ordina	tor role f	tor role f	or 202	1.The role ends	in December 20	21.
Analysis	ofnet assets	between		funds	2021
					Restricted	Designated	General
					Funds	Funds	Fund	Total
Tangible	Fixed assets						831,271	831,271
Debtors							333,940	333,940
Bank					33,945	156,787	82.143	277,875
Creditors	due within	one	year				(288,724)	(288,724)
Creditors year	due after more		than	one			~44. 92	(44.392)
					33,945	156,787	914,238	1,104,970

	Analysis ofnet assets	betw	een	funds	2020	2020
					Restricted			Designated	General
						Funds		Fuadsf	Fund	Total f.
	Tangible Fixed assets								787,137	7877137
	Debtors								205,416	205,416
	Bank					1,834		135,834	81,932	219,600
	Creditors due within	one year							(174,187)	(174.187)
	Creditors due atter more year		than	one					~53,74))	~53.74))
						1,834		135,834	846,557	984,225
15	Commitments under	operating		leases
						Land	and Buildiags		Other
						2021 g		2020 f	2021 f.	2020
	As at 31 March 2021 the charity			had
	commitments under non-cancellable
	operating leases as folloivs:
	Leases expiring
	Within one year					375,994		203,944	5,488	5,488
	Between two and five years					1,241,630		799,078	6,861	12,349
	Over five years							117,296
						1,617,624		1,120018	12,349	17,837
16	Reconciliation ofnet	incoming/(outgoing)				resources	to	net cash tlow from operating		activities
								2021	2020
	Net incoming/(outgoing)	resources for			the	reporting
	period (per statement	offlnancial activities)						120,745	(21,825)
	Depreciation							67,405	59,118
	Interest from investments							(7)	(38)
	Loss/(profit) on the sale of		fixed	assets				5,579	3,342
	(increase)/decrease in	debtors						(128,524)	3,837
	Increase/(decresse) in	creditors						114232	41 679
	Net cash inflow from	operating		activities				179430	86113