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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|
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|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.|||||||||||||||
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|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|||||||
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||||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|
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|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|
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||||||||||
|---|---|---|---|---|---|---|---|---|
|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|
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|5|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|
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|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|
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|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|
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|12|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|
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|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||