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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|
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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:||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|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.||||||||||||
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|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||||||
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||||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|
##
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|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|
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|2|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|
##
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|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|
##
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|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|
##
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|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|
##
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|Creditors: Amounts|falling due after more than one year|||
|---|---|---|---|
|||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|
##
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##
|||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|
##
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##
|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|
##
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##
|||||||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|