2023-03-31-accounts - Signposts (Luton)

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CONTENTS			Page
Legal and Administrative		Information
Message from the Chairman
Report ofthe Trustees			4-13
Independent Auditor's	Report		14-17
Statement ofFinancial	Activities		18
Balance Sheet			19
Cash Flow Statement			20
Notes to the Accounts			21-30

The Trustees who served during the financial year were as follows:	The Trustees who served during the financial year were as follows:
Trustees:	C Vanschagen (Resigned				as Chairman 21.09.22)
	LWard (Chair ofFinance				Committee)
	A Hyde
	C Newbery
	DBall (appointed	Chair		21.09.22)
	C Slough
	KLee
	JWilliams
	ILittle
	M Tzaig
	Trustees are appointed				by the	Board		of Trustees				in a
	geneml 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	TArchbold
Finance Manager	LNutt
Registered Office:	Unit 6Titan Court, Laporte Way,
	Luton, LU4 8EF
Auditors:	Saffery Champness
	71 Queen Victoria	Street
	London
	EC4V4BE
Solicitors:	Russell-Cooke
	2 Putney Hill
	Putney
	London SW15 6AB
Bankers:	Natwest
	31 George Street
	Luton LU1 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		Current Control	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 oviders		standards and re tation
		Housing Association	loss	Contingency planning	Quarterly	at Board
		ofpartnership agreement		ensuring alternative
				buildings to deliver
				contractual obli~ tions
		Cost ofliving Crisis		Through quarterly budget	Quarterly	at Board	and
				review	monthl	at SLT
Regulatory	and	Changes to benefit		Income diversification	Quarterly	at Board
Com lienee		s stem		and financial lannin
Operational		Illness, epidemic,		Pandemic plan	Weekly at SLTand
		pandemic and			Quarterly	at Board
		wides ead absence

			Income	funds	Total	Total
			Unrestricted	Restricted	2023	2022
		Notes			g
Income and endowments	from:
Donations and Fundraising			95,207	55,000	150,207	38,610
Investment income			511		511	9
Charitable activities:
Floating Support and Outreach Hostel Accommodation k Support		2	24,656 3,128,392	37,014	24,656 3,165,406	149,566 3,105,163
Other		2	45,756		45,756	61,206
Total income and endowments			3,294,522	92,014	3,386,536	3,354,554
Expenditure on:
Raising funds			1,725		1,725	1,706
Charitable activities:
Floating Support and Outreach		3	29,174		29,174	146,392
Hostel accommodation	&Support	3	3,352,594	41,811	3,394,405	3,219,198
Total expenditure			3,383,493	41,811	3,425,304	3,367,296
Net income/(expenditure)			(88,971)	50,203	(38,768)	(12,742)
Reconciliation offunds:
Total funds brought forward		12,13	1,088,728	3,500	],092,228	1,104,970
Total funds carried forward			999,757	53,703	1,053,460	1,092,228

BALANCE SHEET AS AT 31MARCH	2023
			Total	Total
		Notes	2023	2022
			f.
Fixed assets
Tangible assets			781,129	805,633
Total fixed assets			781,129	805,633
Current assets
Debtors			383,851	400,348
Cash at bank and in	hand		153,044	173,796
Total current assets			536,895	574,144
Liabilities
Creditors:
Amounts falling due
within one year		10	(239,266)	(252,862)
Net current assets			297,629	321,282
Total assets less current liabilities			1,078,758	1,126,915
Creditors: Amounts	falling due after
more than one year			(25,298)	(34,687)
Total net assets			1,053,460	1,092,228
The funds ofthe charity:
Income funds
-Restricted		13	53,703	3,500
-Unrestricted		12	999,757	1,088,728
Total funds			1,053,460	1,092,228

								Total	Total
						Notes		2023	2022
								g
Cash flows from operating	activities:
Net cash provided by	(used	in)		operating		16		42,924	(23,759)
activity
Cash flows from investing	activities:
Interest from investments								511	9
Purchase ofproperty, plant	4 equipment							(54,789)	(65,842)
Net cash provided by	(used		in)	investing				(54,278)	(65,833)
activities
Cash flows from financing	activities:
Repayments ofloan								(9,398)	(9,487)
Net cash used in financing	activities							(9,398)	(9,487)
Change in cash &cash equivalents		in the reporting
period Cash k cash equivalents	at the beginning				of the			(20,752)	(99,079)
period								173,796	272,875
Cash ds cash equivalents at the end			ofthe period					153,044	173,796
Net debt reconciliation
At start			Cash			Other	Non-		At end
ofyear		Movement				Cash Movement			ofyear
Cash 173,796		(20,752)							153,044
Loans falling
due within (9,569)			9,398			(9,405)			(9,576)
one year
Loans falling
due more (34,687)							9,405		(25,282)
than one year
NET DEBT 129,540		(11,354)							118,186

Donations	&Fundraising
				Unrestricted		Restricted		Total
				Funds			Funds	2023
							g
Donations	&Fundraising
Winter pressures income -Luton			Borough Council			4,347		4,347
Consultancy costs contributions			from partners			4,005		4,005
Southall Black Sisters —client support						1,215		1,215
Homeless	Prevention Fund-Luton		Borough	Council		52,307		52,307
Personalisation Fund -Luton Borough Council						5,000		5,000
Unknown	-Luton Borough Council					330		330
Squared —repair income						1,737		1,737
Luton Homeless Partnership		(LHP) - NHS					30,000	30,000
LHP Co-Ordinator —Luton		Borough Council					25,000	25,000
Gifts in kind						10,157		10,157
Other						16109		16,109
						95207	55,000	150,207
				Unrestricted		Restricted		Total
				Funds			Funds	2022
Donations	&Fundraising
Legacy income						23,000		23,000
Gifts in kind						7,211		7,211
Other						8399		8,399
						38,610		38610
Income from charitable activities
				Unrestricted		Restricted		Total
				Funds			Funds	2023
Local Authority Contracts
Supporting	People —Luton				129,537			129,537
Supporting	People —Central	Bedfordshire			162,238			162,238
Somewhere	Safe to Stay - Luton				91,779			91,779
Grants
Grants							37,014	37,014
Hostel Accommodation income				2	744	838		2 744 838
				3,128,392			37014	3,165,406
				Unrestricted		Restricted		Total
				Funds			Funds	2022
Local Authority Contracts
Supporting	People —Luton				129,537			129,537
Supporting	People —Central	Bedfordshire			187,973			187,973
Grants
Grants					1,440		9,685	11,125
Hostel Accommodation income				2	776	528		2776528
				3,095		478	9,685	3,105,163

Other	income
							Unrestricted		Restricted	Total
								Funds	Funds	2023
								g
	Other income
	Compensation/Pmceeds			from crime					786		786
	Equipment sales/repair			contributions					970		970
	Onecom —tech refund							44,000			44,000
								45,756			45,756
							Unrestricted		Restricted	Total
								Funds	Funds	2022
	Other income
	Compensation/Proceeds			from crime				5,798			5,798
	Equipment sales								461		461
	Winter pressures	income -Luton			Borough Council 10,000						10,000
	Consultancy costs		contributions		from	partners		1,947			1,947
	Covid recovery income			-Luton Borough			Council	43	000		43000
								61	206		61206
3	Cost ofcharitable		activities
			Direct		Other			Total	Direct	Other		Total
			Costs 2023		costs		2023	2023	Costs 2022	Costs	2022	2022
								f.
	Floating Support			19,020		10,154		29,174	103,676	42,716		146,392
	and Outreach
	Hostel		2,203,557		1,190,848			3,394,405	2,088,400	1,130,798		3,219,198
	Accommodation
	8c Support
			2,222,577		1,201,002			3,423,579	2,192,076	1,173,514		3,365,590
	Costs include:
	Payroll (Note 4)							1,748,072				1,738,434
	Temporary Staff	and other staff			costs			47,983				36,774
	Premises							927,234				905,589
	Depreciation							70,523				65,395
	Food							51,018				51,234
	Telephone							115,488				68,876
	Training and staff development							33,590				47,298
	Legal, office and	other		costs				405,921				405,187
	Loss on disposal	ofassets						8,769				26,085
	Client support services							14,981				20,718
								3,423,579				3,365,590

Payroll co	sts:
			2023	2022
			f.
Wages and	Salaries		1,541,018	1,538,390
Social security costs			145,473	138,567
Pension costs			61 681	61,477
			1748072	1738434
The average number ofemployees,		analysed	Number	Number
by function	was:
Charitable	activity		48	48
Administration			16	15
			64	63

Total remuneration ofkey ma	nagement personnel in the period was f18	4,953(2022:8177,9	61.)
Net incoming resources		2023	2022
The net incoming/(outgoing)	resources are stated after charging:
Auditors remuneration- audit		18,328	12,628
Loss on disposal offixed assets		8,769	26,085
Rents payable under operating	leases	7,389	5,536
Depreciation		70,523	65,395

8	Tangible fixed assets
			Freehold	Fixtures	Computers
		Property and		and	and motor	Residents
		improvements		equipment	vehicles	furniture	Total
			g	g
	Cost
	At 1 April 2022		922,123	329,110	140,721	25,213	1,417,167
	Additions			53,824		965	54,789
	Disposals			(45,968)	(6,157)	(4,024)	(56,149)
	At 31March 2023		922,123	336,966	134,564	22,154	1,415,807
	Depreciation
	At 1 April 2022		262,454	225,912	101,689	21,479	611,534
	Charge for the year		21,361	32,040	16,151	972	70,524
	Disposals			(40,290)	(4,722)	(2,368)	(47,380)
	At 31March 2023		283,815	217,662	113,118	20,083	634,678
	Net book value
	At 31March 2023		638,308	119,304	21,446	2,071	781,129
	Net book value
	At 31March 2022		659,669	103,198	39,032	3,734	805,633
9	Debtors: Due within	one year
						2023	2022
	Rental income					221,195	266,848
	Other debtors and prepayments					162,656	133,500
						383,851	400,348
10	Creditors: Amounts	falling	due within	one year
						2023	2022
						g
	Trade creditors					148,242	148,654
	Other creditors and accruals					48,178	57,707
	Tax and social security	costs				33,284	36,932
	Bank loans					9,562	9,569
						239,266	252,862

Creditors: Amounts
	2023	2022
Bank loans
Later than one year and not later than five years	25,298	34,687
Over five years
	25,298	34,687

Unrestricted income	funds 2023
		Opening	Movements		Closing
		balance	in year	Transfers	balance
		g		g
Designated Funds:
Client Support Fund		6,666	(2,736)	6,070	10,000
Facilities Development	Fund	32,040		54,747	86,787
Contingency Fund		54,747		(54,747)
Refurbishment Fund		51,304	(8,620)		42,684
General Funds:
General Funds		943,971	83,685		860286
Total Unrestricted Funds		1,088,728	(95,041)	6,070	999,757
Unrestricted income	funds 2022
		Opening	Movements		Closing
		balance	in year	Transfers	balance
		K
Designated Funds:
Client Support Fund		10,000	(3,334)		6,666
Facilities Development	Fund	32,040			32,040
Contingency Fund		54,747			54,747
Refurbishment Fund		60,000	(8,696)		51,304
General Funds:
General Funds		914,238	29,733		943,971
Total Unrestricted Funds		1,071,025	17,703		1,088,728

		Opening	Income	Expenditure	Closing
		balance	in year	in year	balance
Lutons Citizens Fund		3,500		(3,500)
Sapsworth hot water &showers			30,000	(6,888)	23,112
Swasedale kitchen			5,591		5,591
Client Expenses Grant			1,423	(1,423)
LHP Co-ordinator			25,000		25,000
Total Restricted Funds		3,500	62,014	(11,811)	53,703
Restricted income funds 2022
		Opening	Income	Expenditure	Closing
		balance	in year	in year	balance
Budget training		1,635		(1,635)
First Give Grant			1,000	(1,000)
Lutons Citizens Fund			3,500		3,500
B&QFoundation			5,000	(5,000)
Client Expenses Grant Homeless Partnership	donations	32,310	185	(185) ~32,3103
Total Restricted Funds		33,945	9,685	(40,130)	3,500

14	Analysis	ofnet	assets between	assets between	funds 2023
					Restricted	Designated	General
					Funds	Funds	Fund	Total
					g
	Tangible	Fixed assets					781,129	781,129
	Debtors						383,851	383,851
	Bank				28,703	139,471	(15,130)	153,044
	Creditors	due	within one year				(239,266)	(239,266)
	Creditors year	due	atter more	than	one		~25,298	~25.2982
					28,703	139,471	885,286	1,053,460
	Analysis	ofnet	assets between		funds 2022
					Restricted	Designated	General
					Funds	Funds	Fund	Total
					g		g
	Tangible	Fixed assets					805,633	805,633
	Debtors						400,348	400,348
	Bank				3,500	144,757	25,539	173,796
	Creditors	due	within one year				(252,862)	(252,862)
	Creditors	due	atter more	than	one
	year						34687	34,687
					3,500	144,757	943,971	1,092,228
15	Commitments		under operating		leases
					Land and Buildings		Other
					2023	2022	2023	2022
						g
	As at 31March		2023 the charity		had
	commitments under non-cancellable
	operating	leases	as follows:
	Leases expiring
	Within one year				408,291	384,625	6,466	5,488
	Between two and five years				648,051	892,053	25,862	1,372
	Over five	years
					1,056,342	1,276,678	32,328	6,860

						2023	2022
						f.
Net incoming/(outgoing)		resources for		the	reporting
period (per statement offinancial activities)						(38,768)	(12,742)
Depreciation						70,523	65,395
Interest from investments						(511)	(9)
Loss/(profit) on the	sale	offixed assets				8,769	26,085
(Increase)/decrease	in debtors					16,502	(66,408)
Increase/(decrease)	in creditors					13591	36080
Net cash inflow from operating			activities			42 24	23759
17 Comparative SOFA 2022
					Income	funds	Total
				Unrestricted		Restricted	2022
			Notes				g
Income and endowments from:
Donations aud Fuudraising					38,610		38,610
Investment income
Charitable activities:
Floating Support and Outreach					149,566		149,566
Hostel Accommodation Bi: Support			2		3,095,478	9,685	3,105,163
Other			2		61,206		61,206
Total income and endowments					3,344,869	9,685	3,354,554
Expenditure on:
Raising funds					1,706		1,706
Charitable activities:
Floating Support and Outreach			3		146,392		146,392
Hostel accommodation &	Support		3		3,179,068	40,130	3,219,198
Total expenditure					3,327,166	40,130	3,367,296
Net income/(expenditure)					17,703	(30,445)	(12,742)
Reconciliation offunds:
Total funds brought forward		12,13			1,071,025	33,945	1,104,970
Total funds carried forward					1,088,728	3,500	1,092,228