StP (K ul's St Paul's Hostel (A company ts'mited by guaranteel Report and Financial Ststements Year ended.. 31 March 2023 Charity no.. 1043921 Company no.. 03009035 11111111111 •KJCMKAJ• 2811212023 COMPANIES HOUSE
st Paul's HosteL- Annual Report and Financial Ststements Year ended 31 March 2023 Contents Legal and Administrative Information Chair's Report TNstees' Annual Rep(Kt Independent Auditor's Report stalement of Finaricial Activities Balance Sheet Statement of Cash Flows 16 Notes forming part of the financial statements 17
st Paul's Hostel - Annual Report and Financial Statements YeaT ended 31 March 2023 Legal and administrative infomiati¢)n Company number. 03009035 IEngLand and Wales) Charity nurnr: 10439ZI Truste•&' D J Morris P M Kinsella (rgned 03/0?023) P A Fowler C Bridges K D Archer M A Rothweii S Turner F Martin D Glover D De Saulles Chief Executive: Mr J Sutton Company Secretary & Finance Manager: D A Coltins Iresigned 29/09/2023) C P Ginty (appointed 29/09/20231 Registered Offic•: Hilllx)r¢)ugh Tallow Hill Worcester Worcestershire WR5 IDB Independent Auditors- RD Accounting Limited Istslutory Auditors) Chartered Certified Accountants C Two Locks Hurst 8usiness Park Brieriey Hill Dys IUU Bankers: CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent MEI94JO HR Advlsor.. June Mills HR SolutIs
st Paul's Hostel- Annual Report and Financk31 Statements Year ended 31 March 2023 Chair's Report for the year ended 31 March 2023 This year. our 46th year. the chauengesand disruptK)ns broughtaty)ut by the Covid-19 pandemr have. by and large. now disappeared. There were a few occasK•ns ths year when addrtKJnal Covid proteCtn measures were introduced lt nothir¥J compared to the two prevUS years At the AGM in DeCemr 2022. aaire Bridges. handover over to myself. Unusually. Claire had volunteered for twoperiodsas Chair.Thig was agreed bythe 8oard to provKJe continuityover the parKI4TUC The Board elect1 Philip as the Chair along with Frances mart ar DebbE Morris as Vice Chairs HighLights 22/?3 There have been many hwJhlights in 22/23. These include hosting two High Sherrffvisits- the iatterconcluding with Ihe presentation of High Sherrff awards to two members of stsff. one volunteer and fwr reskyents or former resitlents. The first award5 in rrerrw of one of the founding twstees. Robin Sykes. took pbce at an event hosted by Worcester City Council in Ihe summer The awards were presented by Sue Sykes. The refurbished front garden. to be named after Robin. had to wstFx)ned. due to the death of tl)e L4te Ouw Elizabeth and will be rescheduled for the spring of 2023. St Paul's Hostel was stKcessful in continuing io delwer Ihe support Servi of the pan-county Housing First SerVe The servicewill be skn'ghtly smaller beCale Wyre Foresl DistrlcOuncI[ have decwjed lo nol continue alOngse the other five council& Hostel and R8s•ttl•mÈnt Servicès Operations of the serVÈS rèmain very busy. With the exception of a short wiod in thè summer. the hostel Service has mal[l at or near capacity all year. It has nol posstble lo fiLLalLthe Resettlement Houses of mLALtie Occupation IHMOI. It ha5 become clearthal many resKlents prefer the hosteiand feel isolated in these settings AtongsKle the wpFx)rt in the hostel our direct access counseiling service continued to be effective. Worcestershire publ Health were abieto fund cwnseLbng Ihis year ugng twogrants from the Offe0f Heath Inequalities IOHIDI. Additk)naUy with this funding we estsbbshed altemative therapeut actiV61ies undèr the leadership of Debbie COLlnS the Finance Manager and Company Secretsry. Debbie's skills set is com[Aentary diffenI from c(xJnSei"n9 and includes mindfulness. Life coaching and hypnotherapy. Oneof thè Peer Mentors has linked up wrth the Birmingham based Hep C Twstarbd reguLar lin are eStabshed for bloodborne viruses. St Paul's ¢o-develo with Cransloun a new Peer Mentoring development and employment framework. This brings much needed coherence to the recruitment. training and devel¢)pmenl and employment in Peer MeniorirKJ. or employed roles. A new Peer 14entor has undergone training using this framework and is now a Level i Peer Mentor supporting the work of Cranstoun. the Drug & Alcohol treatmenl provKler. in Ihe city. strateglc Objoctlws Our strategt objectives iewire St Paul's HosteL to explain and Influe community decision mkers about the causes of homeLessness and Local homeless w)"CY. A comprehensive report was written for Worcestershire County Council Public Hèalth which was used to infomi the Joint Strategic Needs Assessment IJSNAI. Later in 2022 St Pauls was also approached by a research company. Revealing Reality. to support their commissioned work with the UK Health Security Agaicy reswnse to CovKd. The CEO has spoken at sèveraL publ events aix)ut our work Includ3 Omrs[eY Golf Club and Ihe Herefordshire aniy Worcestershire Human Resources annual conferencèat the Bransford HoleL He undertook a number gf interwew5 a1ul homelessne55 arKI the houwg crisis on regK)nal rK). The quarterly Open House days have re-stsrted after rwriy a three-year Covid imposed break. Deciyon makers. funders and 9JPWrters are welcomed to the hosièl lo see and hear for mselVeS what we do and talk to some of the people we help. st Patsl's have continued to support exiernal organisatnS. The Worcestershife Adutt Safeguardiro Board (WAS81 was supported by the co-optK)n of the CEO as a member of the nlY WKle Assurance Panel The panel monitors the progress against the recommendatK)n re the 2020 Thernat Review into the deaths of rough sl*pers in thecounty. Irb January 2023. theAssurance Panel conclvded not aiiof Ihe recommendations had been sattsfactorily cc¥npleted and reported such to the Independent Chair of the WASB. The eslablishment of a new county Voltjntary Sector Allonce has been supported wth a Trustee and CEO attending launch events. ThisAlbance wasfounded 10 5UPPOrt the Local NHS. trAt it has also replaced the'voice of the sector, functions undertaken by Worcestershire v0e& In January 2023 Worcestershire Voices was folded.
St Paul's Hostel - Annual Report and Finanaal Statements Year ended 31 March 2023 In the late winiw. Trusiees agreed a propM)sal by Cranstoun. the local dtug and alcohol treatment provider. with Manchester Melropolitan Untversiiy and eens. UnNetsity Belfast. to support the co-development and testing of a Wearable cerdOSe Detecb"on Device and Alert Syslem IWODDAS) The project will be agreed by the summer of 2023 and the pilot of rw techTh)icoy is expected to in late 2023 or early 2024. Fundra•sin9 We were successful in securing fundirm) from several grant-gNing organisations including Core Costs. something that can be challenging when compared to a specific project related funding. Some of the funding we have secured is as follows". NationwKle Commuftrty FoundatK)n. Wèwereawarded £50.000 overtwo yearsto suprKJrt the Kitchen A5SiSt3nt Training prograrnme. With this carne the gPPOrtunity to work with their grants and medK4 teams to produce a moving and inspinThJ VKleo"Steve-s Story. This vKleo has been an excellent and important resource seeking fundng from other trusts and foundations. httpsJ/ww.youtube.com/walch-l4ftIDJs3A Garfield Weston FouThJation. We were successful in securing £25.000 tOWdS core costs. This grant was then followed by a successful aPpltKin for multi-year funding. and we have been awarded an additional £25.000 per year for Core Costs for a furttrr Iwo years. Eveson Trust. We are grateful for the on4wng SUPFM)rt from the Eveson Trust and for thr an1 award of £40.000 loward5 core cos 9owiandsTru5L We weye awarded £io.000 towards the refurbthment ofthe Hostel rooms Charity of the Year.. The charity has benefiied from two tharity Fkyrtrvships this year. Hewett Recruitrnent and Worcestershire Advance. The SUPFVYt we have receNed has been exceptv)nal and has included." Hewett R¢eruitmÈnt l Deb'vere(l emptoyrrent workshop at the hosteL b) Supported our Chnstmas Shoè eox Ap31 for Housing First Resident& 48 Shcs eoxes were donated by allatlendeesatthe Hereford & Worcesterchamberofcommerce HR evenl todonate Box. This meanl that every XIng First partKipanl received a Christmas Gift. cl Big Worcester Sleep Oul 2022- ProvMJed Corporate sFx)nsorship and submf(led a team to attend the event dl Donated a Christmas Treelo the hosteland decoratk)n& el Helped decorate residents. rooms As a result of the HR cOnferere. oneoftheattendees haveasked their staff to donate f¢x)d items that wll be deuvered to the hostÈL in thè coming week g) Hewett Fest- knve MUS fest[ in February ¥ased over £1.500. Wor¢estersh•re Advance al Sponsored Bike project Peer Menlor bl Attended the Big Worcester Sleep (ljl cl Supporting our Christma5 CampaHJn by donatirKJ £250 whh enabled our TesKlents to have excellent desserts during the Christrrkys perkxl. The Bike mentor oversees Ihe day-to-day runnirKJ of the pwoiect and they have recewed training from a professional bike Mechan and in-tum leaches those skills to ¥e&dents. They havè salvaged and restored several discarded bikes and has deveLotHI a loan system for those residents who do not own a bike A purp05e-LxJilt shed was suppiEd and rrtted by D J Timbef euildings Ltd. a local company. Wh provides a safe ple to store bikè spares and a wor1( base for restoration. Big Worr•ster Sleep Out uth October 2022 The lead up to the event was surrounded by some uncertainty dueto ihe future ofworcester Warriors Rugby Football Club who went inlo administrntK)n. However. the support recewed was still excèlt The event would rKJt have been p0Sble withc*rt Ihe hard work. dedThtw. and deteminatvjn from the team at Ihe Worcestei Warriors FIxJndatrb ar formef stsff of the club. who gave thwr time freely on the evening of the event. We were again supp)rted by AC Catering and the Rapd Response Emergency team who provKled an evening BBO and breakfasi for all those attending.
st Paul's Hostel- Annual Report and Financial StatenIs Year ended 31 March 2023 We saw a 65% increase in the number of people attendirg compared to 2021 wilh 47% of th95e attending the event for the first limè. In totaL the event rarsed over £Jo.000 for St Paul's Hostel. Worcester WarrK)rs FOundatn and Maggs Day Centre. Open Day5 In October2023. the OFn Days. somethingwe introduced beforeCovKI. were re-stsrtEY. These evenisprovide our supporters the opportunity to visit the hostel and see first-hand the impact of their supwrt. but aLso it is an opportunity to invrte people not famibarwith our work. Ths yearwe were PTMleged to host oné of the charity's founders. the Reverend Frank Hillebrand. Frnnkwasoneoftheoriginal founder5 whoback inthei97osdecided lo get together and do Soh1n9 aÈxXJt the numtkr of who were sleeping on the Streets. Frank gave an inspiring and MOVI account of how St Paul's was started and Ihe problems and challenges they had. Lookir#J Forward To 2023-24 The strategic challenges for zo23- ZOZ4 will continue to ewrerge from the conseryEnces of Ihe geo-polit3[ backdrop in Europe and the consequerbt Cost of Living Criys We envisage fundraising and leveraging a fair share of any addrtitsnaL slatè funding to becorre more dfficult at a time when demand. and the complexity of the problems people face. are increasing The operational chalLenges for 2023-24 are tskely to inlluencry the conb"nuatK•n of funding for HousiThJ First and retaining high qua"tY staff. Our prio¢iti•s for 2023-24 art.. a) Sustain existing serveS and existtTrJ capacily. b) ColLaborate within informal or formal aUh?nces to develop addith)nal or improved seNces to support our misSn cl Inftuencecounty strategiessothey work towaids makiNJ homelessness in Worcestershire. rare. brief. and non-recurrenL Date DebbE Morris- Ve Chair and Trustee
st Paul's Hostel - Annual Report and Financial Statents Year ended 31 March 2023 Trustees, Annual Report for the year ended y March 2023 The Trustees present thèir repori and the audited financk41 statements of the charity for the year ended 31 March 2023. Thè trustees have adopted the provisions of the Statetrent of Recommended Pract& ISORP) "Accounting and Rep)rting by Charities" in preparing the anr1 and financial siatements of the Charity. Ttee$ ofth• charty The directors of the charitable company are its trustees forthe wrposes of challty law. The trust who have served during the year are detailed on page 2. Structur Thè charity 15 controlled by its governing Lxument. a deed of irust. and Constitutes a bmited ¢ompany. limited by guarantee. as defined by the CompanEs Act 20c6. TheorganisatKJn is a ¢harrtabLe company imited by guarant Ir¥)rated on January 199s The company was estabLJ'shed under a Mernorandum of AssockAtion whh defines the company's objecls and is governed under ils ArticLes of Association. In the evenl of ihe company being nd up the rTpmLrs are requiied lo contribute an arTh)unt Th)t exceedirKJ £1. St Paul's Hostel was an unincorporated charity prK)r to wKorFxyatKJn. whose activities began in 1977. The objects of the unincotporaled body were twoadly ymiiar to the current charity. Gwemance and Manag•m•nt Sl Paul's Hostel has a Council of Trusts which rIts on a regular basis The nCIl Ithe term 'Board' is sedl of Truaees met fIr times in 2022/2> In additK)n to the members of the Council ol Trustees. the Chief Executive and FInae Manager along wilh the 3 Sere Managers and Fundrasing Manager Itogelher this is the Leadershp and Management Team) attend Trustee Boa meetirrt¥. A General Purposes and Finance Sub-commrttee was estab"shed October 2012 in view of the expansion of services being offefed and to enable nKJre detarfed discuSSK)n on the financial figures outside of the full Trustees m&tirig5. There were four meetirMJ5 In the period. The Chief Executive and Finance Manager attend these. The Trustees delegate the responsibility for the day-to-day opeRtK)n of the charity to manaMent stsff led by the Chief Execulive with deiegaled powers. In additK)n to the fuit and part time staff. the chaTlty a150 use5 volunteer workers whose value cannot be precisely mÈasurwJ in terms of cost The volunteers are under the supervi&on and coordinatK)n of èach knice Manager. Volunteers have nvmerous roles. but the majority provide daily kitchèn Sing dkrtie& At the present time. the staff COnsts ot. I Chief Execub"ve i Finance Manager and Comp3rry Secretarylpart tirrel . i HousirvJ Manager 2 Housing Orrer5 I HousiTh3 Services man3r Ipart time) 9 Projecl Workers lftJLI and p/timel 2 Housekeepers (part timel Up 10 2 RelEf Worke¥s (part timel i Fund Raising Manager i Finance Offer (part limel I Chef and Caterry Manager Up to 3 part time Kilchen Alstants (often fourKI from resKlents or forrrer restdentsl The Worcestershire Housing First Pilot seNice ended March 2023 after 3 yèars. A very SlitlY smaller serv¢e Is to be continued for at least 2023-25 and Sl Paul's Fk)steL we awarded the contract to provKle the support service. This SerVQ currently employs i HousirrfJ Firsi serVe Manager 6 Housing First Case Managers Iwiii be 5 in 2023-2y I Peer Support Worker In addition. the kk)stei stsff are svpwrted by up 10 20 volunieers
st Paul's Hostel- Annual Report arKJ Financial Statements Year ended March 2023 Trustees. Annual Report for the year ended 31 March 20Z3 (continued..) R•cruitmont and appointmènt of ngwtrustoes The directors of the company are also the charity twstees for the of charity Law and under the company s ArtlesBre known as Trustees.. The Board ofdirectors is referred to as the'CcMJncil of Trusts' Every member currently contritrxjtes £1 and from the MlErShip i% eted the Council of Trust who in their turn may aPFX)int a Managemenl Commitl lo organse the day-to-day funning of the charity. The Council of Trustees in offKe dvring the year is strK)wn on the wevws page togethei with Ihe legal detsib of the charity. whi the first Point of Contact for tK)tential trus1 is tl CEO. the Chairof Trustees coordinates selecth)n of Trustees. thereby preseNwKJ the necessary separatn trtween governance and operatKJns. The term of office for the Chair and Ve Chair shalL be as near as possible to thiee years. However. a retiring offer may. if the Trustees think frt and hè/she i% willing to continue in office. be rè-elected The maximum tem of office is len years The secretary and one Ihird of othw Q)un¢il rrembers must retire al each Annual General Meeting but may offer themsetves for re-electK)n. The Management Team is supported by the Finance aThJ General Purposes syb-committee of Trustees who make recommerKlathMs trj the 8oard of Trustees on finance. property. strategi¢ planning and human resources matters and execute any de1ted matter set by Trust&s. TheC1)url10f Twstees isaware of Ihe5pecrfK needsofthecharily's client grwpandthe balance ofexpertise of existing trustees. Potentyal new Trustees are KlentifEd by the Trustees. often from the large pool of volunteers and are invited to offer themselves for electk)n io the CounciL Inductlon and traning of now tntstées Most Trustees are already aware of the charty's work prior to thew appointment and indeed the profile of the harity and its work is the primary motwation lo voiuntw.Trustees urKlerstand their duties as charity trustees and company directors and training is offered wth exiernal natKJnal provider& They meei the Chief Executive and Finance Manager and visil ihe SeS to understand the culture and ethos of St Paul's. They"have avaiLable up to date guKlance on responsibiliS teing a Tnstee published by the Charty Commission. Rlsk manwmènt There is an up-to-date Risk Management Polw. Risk5 are idented. assessed controlled with some Hh Probability and/or High Impact risks tIng elevated from the Leadership and Management Team to the Finance Sub-committee. or the Board ofTrustees. Monrtoring procedures have bèèn put in place to 3131& on a conlinuing ba*s. levets of risk expogjre and to review at a Board Istrategicl and Leadership and Management loperationaD leveL Obieclives and aims The principal activity of the company. in the year under review. was that of providing accommodation for the single homeless We have referre(I to the guidan contained in the Charty CommissK)n's general guidance on public benefit when reviewing ourobJ"Èctivesand actNitJes and planning ourfuturea¢b"vit¢es In particular. the trustees consider >W pnnl actwities wiu contribute to the ol¥ectives and aims they have set The main otyective of the charity is as follows. to provkye relief eilher generally or indwiduaily of persons in the Midlands who are suffering from homelessness. wverty or are in conditK)ns of need. hardship or distress part[arlY but rK)l exclusNely by the prov15ion of accommodation and related SUFfKXt service&. From this we have crafted our rnissK)n' to helppe(wle live thrcxsgh Iwjelessness Our values a. Re$t for others. We wiu always trèal people in the way we would want to be treated ourselves b. People Can change. With encouragenwL (Erseverance and through approprote reiatK)nships. peoFle can change.
St Paul's Hostel - Annual Report a1 FInarla[ Statements Year ended 31 March 2023 Trustees, Annual Report for the year ended y March 2023 l¢onlinved_I Fairness. We will treat everyone in our services fairly. This rreans we will ¢Jo our very best to get everyone what they need Being fair doès rK)t mean everyone will always get the same thirrfjs. as it deper)ds on a person's as5e5sed need. d. Self-heip. IndNYual ponSity for change i£ if change is to occur. Knowing our Ljmits. We krow whal we are goc<l at and what we are not. Thwe are limiis to the help we Can offer and Whe we cannot help. we always expiaMI why. The Cornmunty. The dIvlaL is important. but we have a bias toward5 the well-being of the community. A strewh-based aPPToach. In heipiry FEOFAe. we tske tiito account what a person has and whal they Cart do. rather than what they do Th)t have and whal ihey cannot do. Achlev•ments and Perfrn• Summary of Main Achievements Hostd occupancy leveLs have remaird at 92% this year and the hostel accommodatK)n has helped over 60 FeopLe this year. b. ProvisK)n of the Cognrtwe Behavioural Therapy ICBTI counselbng service to over 70 people. The waiting time is Less than 2 days th compares very favourably to natK)nal NHS gvidancè under the IAPT prograrnme I In 2022.23 we enhanced our therapeutt seNices wilh altematnie therapies. irciuding mindfulness for 5 hours per week. Three residents have taken part in ¢)ur kiichen assistsnt scheme. st Paul's 5UPPOrts the Worcestw Cares Homeless Forum. The rnemtxrship expanded to ilde ali Worcester Street kitchens (soup kitchènsland thisyèarthèctycouncilhave incorporated Worcester Cares as the de faclo City HomÈtèssness forum supwrting the City Council in its conSideratn of servKes as well as providing coll8boratNe soiutK)n& such as food. to people in or Cllsis. Howouractivitiès deli¥er public benefit The main areas of activity and whom we try to hp are descrl)ed bèlow. Also. we people who find themselves needing help to alleviate drug or alcohol addi¢lK)n. often closely related to rough sl*ping or homelessness. The capab1irtS WÈ have to meet these objectives include safe secure accomrTKxlatKJn. indNidual and group counselling. wellbeing sessK)ns. tsfe skills tsainw)g.pb CoaChg and tralry The CEO co-opted to the Board of Healthwatch Worcestershire. with Specif sponSIbl1111es for homelessness heallh seNices. St Paul's Hostel St Paul'shostel iscentraltoour seryre.11 has facilitS for42 Fwie plus Iwo self-c)lned resettlement flats on the same sile. The charity provides aCcomm(xlaln, now all single rooms. rlTItiouS food and tenancy support The Project Workers undertake la5ks to heiD pIe manage thr accommodation and build self- effucy to establish themselves as able to live an inter-deFendentbfe. st Paul's Resettlement Service St Paul's own 2 properties ar)d rent 2 Houses of MuLtspie CCUpat IHMOI that are known as resettlement propertS. These 18 beds provide the nexi slep from the hosleL using Ihe Housiry Ready philosophy. From this stsge. Staff offer Housing Managernenl services Ig help a rson relain the tenancy. lIdIng resilience and seLf- efficacy. In 2023 one of the 2 rented HMOS. wiu be handed back to its owner. due to low occupabon. ' 75% finish tr5e of treatment wthin 6 weeks Lx 95% WIL 18wEek&
St Paul's Hostel- Annual Report and Financial Statements Year ended 31 March 2023 Trustees, Annual Report for the year ended > March 20ZZ Icontinued_l st Paul's nsellIng Ser¥ice The in-houseCBTcounselb"ng servre provYes aLnKJst immediaieaccessto an accredited counsellor for crisis intervention or therapy. SeNice utiiizalion is above 96% and we have further reduced the waiting time for appointments. Housing First F Theworcestershire Housing First Pilot. funded by the Busness Rates RetenlK)n funding from Worcestershire County Council and 6 diStrt ccwJnci& continued vntsl 31 March 20Z3 During the 3 years of operation. it has rehomed ovw 50 people. who had prevK)usly tEen ¢JeerTEd very difficult to house by Local Authoritps. UnfortunateLy. 3 people in Ihal havedEd. The Univer5tLy of Worcester will pubb"5h an evaluation using similar framework to thè natKJnaL Housing First pilots in Manchester. Liverpool and Birmingham. The Worcestershire Housing First pilot is not part of the 3 nat)naL pilots-. however. the lenarcy sustainment rates compare more than favorably to these 10 Flnanciai R•vi High levets of occupancy and a hJher level of grants. legaCS and donations have helped subsianlially to reduce the tJdgeted defrcit for this financol year. whh was welcome news. The key financial risk for the coming year continues to be the fundiro of those seNKes not fuTrJed by Hou&ng Benefit IOme, namely CounseUirKJ and Therapeut see$ and the Kitchen See Project. Pk)wever. we have been fortunate in already securing some part fundin9 for these activites for the nexi financial year. Plans for future perio¢ts Our future plans witl f¢xus on.. cling a workforce of people who havethe right skills. competencies. and attitude of mind to work in a Trauma Informed way. DeliverTraUma-Infrned services that meet Ihe needs ofthe homeless person and pvent the need to re-access homeless Ser¥eS the future. Change Wb1 attitudes towards hcrtessness at Ihe local and regional level, so that the public want change arKi homelessnes5 15 less tikely. Have sustsinabie income and a capitsl investment progvamme. so we can help homeless people unlil homelessness Is end. R•s•FV•S poIKy The Trustees have revwed the chariiy's needs for feserves in accordance wilh Ihe guidance issued by the Charity Commissh)n and have conSered the desirabib.ty ol holding sufficient fund5 to meet unexpected disruption of the income flow. The levelof reseFves held at the year-end were as foiiows.'_ al Totsl funds (ReStrted and UnrestrictÈdl- £L25S70312022.. É1218.8} b) Réstricted fund5- Ei3.288 12022.. £42.2281 cl Oesignated funds- E300.000 1?022' £Ni dl Non liquid funds (he as red assets/programme relaied investments)- £620.604 (2022.. £596.65 After mak+ng allowances for ilems B to C atthe ffft reserves anv)unled to f321.81112022." £579.9341 The designed fund of £300.000 is in relation to anb'cipated ftjiure development costs. trustees consider Ihis expenditure will be in¢urred within the next 3 year> On thi5 basis. TheTrusiees conshderthat the reserves areal a reaiisbc LeveLloensUtheeffe¢tsvear efficient running of the charity.
st Paul's Hostel- Annual Report and Financial Statements Year ended 31 March 2023 Trustees, Annual Report for the year ended 31 March 2023 lcontinued_l Related Parti None of our trustees receive remuneratll or any benefit from their work with the charity. Any connection tween a trustee or senior management of the charity with any grant provhgers. customers. sup0rS or beneflarieS must bedLOSed to ihe board of trustee& The Irustees and management also aim to maintsFn arKI develop sustsinable reiatK)nships with local authoritiès and other charities/or9anisatK)ns as required. Trustees. responslbllitl•s The Irustees (who are also diwlors of Sl Paul's Hostel for the Fxjrwses of company lawl are responsible for preparing the Trustee5' Annual ReFK)rt and the financial staterrents in accordance with applicable Law and United kn'ngdorn Accounting Standards Iunited Kingkni Generally Accepted Accounting pract>. Company law requires the trustees to prepare financkil sthtemènts for Èach financial year. whh give a true fair view of the state of affairs of the charitable company and of the incoming resources and appIatIon of resources. including the IrKonE and expenditure. of the charitable company for that perv)d. In preparing these finanryal ststements. the trust are required to.. select suitable accounting poiries and then apply them consistently." observe the thcxYS and principles in the Charities SORP 2019 IFRS 1021 make judgements estirrotes that a reasonable and prudent.. stste whether applicable UK Accounting Stsndards have been followed. subject to any material departures disclosed and eX[1rd in the financial 51atements'. prepare the financial statements on the goin9 concern basis unless f( is inapproprkAte lo presume that the charitable company wlicontinue in OFeratk)n. The Irustees are responsible for kprng adequate acccNJnting records that disclose with reasonable accuracy al any lime. the financial posilion of the charitable company and eroble ihem to ensure that Ihe financol siatements comply with the Companies Acl 2006. They are also responsible for safeguarding the a5setsof the charitable company3r hence for takwig rèasonable sièps forthè prèvènlK)rbar deteCtn offraud and other irreguianties. In so far as the trustees are aware.. Ihwe is no relevanl audit information of whh the chariLable company s auditor is unaware". and the Iruslees have taken all steps that they ought lo have tsken to make themselves aware of any relevant audit informath)n and to e51abLish thal ihe auditor is awa of that infonnaiK)n. This rekx)rt ha5 been prepared in accordar(e with the special provis5 of Part of the CompantesAct 2006 relating lo small compan*s. Approved by 8oard ofTnJstees on 6" Oecemtw 2023 Debbie Morris- Ve Chair and Twstee 10
St Paul's Hostel- Annual Report and Financial Stalements Year ended 31 March 2023 Independent Auditor's Report Opinion We have audited the financial statements of St Paul's Hostd Ilhe'charitabte companyl for the year ended 31 March 2023which comprisethe statementoffinartial activities. baiarKe Sht. cash flow ststementand notes lo the financial statemenls. inclLJing sKJnificant accounting polics. The financkal reporting framework that has been applied in tlir preparation is appltable law and United Kingdom Accountirv) Stsndard5. including Finan¢k41 Reportin9 Standard ioz The Financk41 ReFX)rting Stsndard applicable in the UK and Republic of Iretand (United Kingdom Generally Accepted Accounting PiactKel. In oFynK)n the financial statèments.. gwe a true and fair v+ew of the stale of the charitable companys affaffs as at 31 March 2023. and of rts incoming resources and appc3tn of res(KJrces. Including its in¢owr and experbditure. for the year then ended.. have been property prepared in aCCordare vrith United Krydom Generally Accepted Accountin9 Practe.. and have been prepared in COrdanCe with the requwements of the Companies Act 2006. Basis for opinion We conducted ouraudit in accordancewth InterrK4tionalStsndJrdson Audrtin9lUK) IISAS (UK>I and appb'cabie Law. OUT rèsponsibilitiès under those standard5 are further described in the Auditor'5 responsibilities for the audit of the financial statents sectM)n of our reFX)rt. We are independent of the charitsble company in ccordance with Ihe eth1 requiremenls that are relevanl lo our aLhlit of the financial slalements in the UK. including the FRCS EthaL Stsndard. and we have fuifAied cwjr oiherelhthl respons1tst*S in accordance with these requirements. We believe that the audFi èvKlerte wè have obtained is suffiCl and appropriate to provide a basis for our opnK)n Condusions relating to coDcem In auditing thè flnancial statements. we havè concluded thal the trustees. use of the gtiing concèm basis of accounting in the preparatK)n of the financ)1 statements is appropriate. Based on the work we have Ferfo[nd. we have noi hyentrfth any materk31 nintleS reLaitsig to events or conditnS Ihat. indivKlually or collectwely. may cast signiftant doubt on the charitsble company's ability to continue as a going concern for a perhxl of at Least twelve months from when the financial statements arè authorised for issue. Our respon5ibibb.es and the res[lS11lIls0f the trustees wilh respect to going corKern are described in the relevant sections of this report. Othèr information The other information comprises the informatk)n Cluded in the trvstees. annual rep)rt. other than the financial ststements and our auditorfs report thereon.The trnstees are responsible for the other information coniained wthin the annual feport Our opinion on the finala1 statements does not cover the othèr information aNJ. except to ihe exient otherwise expb"cilLy state(1 in rewrt. we do not express any form of assurance conclusion thereon. Ou¥ responsibib'ty ts to read the other lnf0mRtn and. doing so, consider whether the other inf0MtK)n is nk3teriaLly inconsistent with the financkll statements or our knowledge obtained in the course of the audit or othetwise appears to be materially misstaied. If we Klentify such material liconsisterle50r apparent rnaterial misstalements. we are required to determine whelher thsgives rse to a malerol msstalemenl in the financkAI slatements themselves. If. based on the work we have performed. we concLude that there 15 a material misslalement of this othèr informatK)n. we are required to report that facL We have nothing to report in lh re9aid 11
st Paul's Hostel- Annual Report and Financial Ststements Year ended 31 March 2023 Matters on which WM are required to rnwt by excep In the light of the knowAedge arKI understarKling of the tharitalAe company and its environment obtained in the coursé of the dit we have not entird material misstaterrents in the diiecto¥s' report included within the trustees. repc¥l. We have nothing to report in resFct of the foiLowing matters in reUHtion to which the Companies Act 2006 requires us to rèFMYt to you if. in our On)n'. adequate accounting records have rKst been kept. or tUrnS adequate for r audit have not been received from anCheS not visrt&Y by us.. or the financial statements are not in agreement with the acc¢)unling records and returrs.. certain disclosu$ of trUsIS. remuneratDn specifd by law are not made.. or we have Th)t received all the InfmaOn and explanations we rewire for our audit." or the trustees were Th)t enlitled lo prepare the financial statements in accordance with the small companies, regime and take advantage of thè small companEs' exemptM)11s in preparing the directors, report and from the rÉquirement to prèpare a strat report. R•sponslbllllles of trustees As explained more fully in the trustees. reSKK)nsibib"ts staiement at the end of the Trustees Report. the trustees (who are also Ihe directors of the charitsbie company for the purposes of corr¥)any Lawl are respM)nsible for the pParatIon of the financial 5taterrenis and for being satisfied that they give a true and fair view, and for such internal control as ihe trustees delermine isnecessary to enablethe preparation of financh?I statements that are free from material misstatement. whether due lo ftsud or Èrror. In tyeparing the financial statements. trustees aTe $[y)nble for asses5iry the chaTtsbEe company's ability to continue as a going concern. disclosg. as applicab. matters related to going conrn and using the going concern basis of accounting unless the trustees eilher intend to tpudale the charitable company or lo cease operat)ns. or have no reatsstic altemative l)ut to do so. Audltor's responslblillles for the authi of the financial statements Cxjr obj'ectives are to obtain reasonabte assuranceaLlWhe¢her the financrdl statements asa whole arefree from MateaL mi8staternent, whether due to fraud or errcy. and to issue an auditor's report that includes our opinion. Reasonable assurance is a hh level of assurance. but is rK)t a guarantee that an audit conducted in accordance wrth ISAS (UK) will alway5 deteci a material misststement when it exists. Misststements can arise from fraud or error and are consKlered materk41 rf. individually or in the aggregate. they could reasonably be expected to inliuence the economic decis5 of users taken on the basis of these financk31 statements. Irregularit. including fraL. are instances of non•compionce with Laws and regulations. We design procedures in line with our responsbi itstPS. fJJtlined aix)ve. to detect material misstatements in respèct of i¥reguiarits. including fraud. The extent to which (xjr predureS are Capab of deiecting irregularities. including fraud. is detaled below. Ojr audit process involves determining a suitable materiality level and assessing the overatt risk of material i55tstement. including how fraud may (Kcvr. Our core procedures in reln to fraud alKJ error include.. Identifying laws and legulatn$ that could reasonably give rise to a materk41 misststement in the rinanckil statemènts. Enquiring with management and Offfe holders on their own consKleralK)ns on fraud Conside¥ing financial pressures. irtentwes. opportunity. ar motivations that may lead lo fraud. Reviewing are85 where management is required to make sKJnifKant subjective judgements (the key area5 identifEd for St Paul'5 Hostel include fwl assel vaiuatKJn/depYeciatDn and allocation of reslricled fund expendilurel Ensuring expenditure is wrthin the Scot of the chant. ains and obiectNe5. is line with restricled funding requirements and is prowly authorised. Reviewing manual joumal entrS to ensure they are apprijpriate and rKJ subject lo any bos. Ihus reducing the r of misstatement due to managerrent overrkde of controts. Our procedures are tsilored lo the specific risks we have KJentif*d for Sl Paul's Hostel and are based on our detsled knowledge and urKlerstanding of the charity and its environmenL 12
St Paul's Hostel- Annual Rewrt and Financial Statements Year ended 31 March 2023 There is an inherent r6k that our audit will not detect ali irregularit& Inciling those resulting in materi31 misstatement in the financial ststemwts or rK)n-coMpb.an with reguL4lK)n. Th15 risk 15 greater in respect of fraud rather than error. as fraud involves intentH)nal concealment. forgery. collusion. omission or misrepresentath)n. As partofan audil in accordancewith ISAS (UK). we exercise profess81 judgmenland maintain professK)nal sceptIsM Ihroughout the audit. We also." Identify and a5se5s the risks of material misststerrenl of the financial 5tstements. whether due to fraud or error. design and perform audit Fwocedures p)nSive to those risks. and oblain audit evidence that is sufficienl and appropriate to prowdèa bass our 0.niOn. The risk of not dètecting a material misstatement resulting from foud is higherthan forone resulting from error. as fraud may involve coiLusion. forry. ten"onaL omissK)ns. mIsrepresentan$. or the override of internal ontrol Obtain an understsnding of internal control relevant io Ihe audi( in order to deggn audit prctedures thal are approprklte in the circumstances. t¥Jt not for the purpose of expressing an opiniin on the effectweness of the charitable company s internal ¢ontroL Evaluate the approprk4teness of accounting poiKies used and the reasonabiene5s of accounting estsmate5 ar related disclosures made by the trust. Conclude on Ihe approproteness of the trustees. use of Ihe going concern basis of accounting and. based on the audit evidence obtaine(l. whether a maIal uncertainty exists related to Èvents or conditK)ns that may cast swnffjtant bt on the charitab Company's ability to continue as a going concem. If we conclude that a material uncertainty exists. we are required to draw allenlion in our auditor's report to the reiaiEd disclosures in Ihe financtal slaiements or. if such disclosures are inadequate. to modify our opinK)n. conclusions are based on Ihe audit evidence obtained up to the date of our auditor's report. However. future events or conditions may cause thè charitsbLe company to Cease to ContUe as J going ¢oncem. Evaluate the over811 wesentstion. 51ructure and contenl of the financial ststements. irKluding the disclosures. and whether the financial ststerrents present Ihe undwlying transactws and events in a manner that achieves fair presentsth)n li.e.. gives a true aThJ fair view). We communicate wth thosè charged with goVernae regarding. among other matters. the planned scope and timing of the audit and signfftsnt alrt fing$. includirrtJ any signrfrant defiCncES in intemal control that we identify during our audit Uso of our rewi This report is made solely to the chaTrfÉabie company's mèmbers. as a body. in accordancè wrth Chapter 3 of Part J6 of the CoMpanS Act 2006. Cxjr audrt work has been Undertaken 50 that we might state to the charitable company s members Ihose malters we are required to slate to them in an audiior's report and for no olher purpose. To the fuilesl extent permitted by LAW. wedo Th)t accept or assume responsibility to anyone other than the charitable company and the charilable company s members as a txxly. for our audit work, for this reF)Ort. or for the opinions we have fom)ed. Richard Dunkley ISenK)r Statutory Audilorl RD Aetounting Limited (Statutory Audrtorl Chartered Certrfied Accountants C Two Locks Hurst 8usiness Park BrièrLey Hill DY5 IUU Date.. 211,,12011 13
st Paul's Hostel- Annual Report and Fironcial Statements Year ended 31 March 2023 statement of Financial Activities linciuding summary income and expenditure account) for the year ended 31 March 2023 Yotsi Unre Funds Total Funds Total Funds Fu5 2023 INCOME AND ENDOWME147S FROM D¢Jnatlonsand legaties Chafltabl 8ttivilbe5 In¥estrner•t income 89.119 275.645 1.156.952 293.706 1.070.840 14.138 Total Income and EndovAnents g?S.640 47S415 IMSLOqS 1.3n.664 EXPEPIDITVREON DireettharStable a¢ti¥ities C¢ntf31 ovethead cosis . 39L398 IW,117 LW183 360,110 I.(645 307,466 2S9.9gJ YotalÉxpehditure 7.Y7• 49LSIS L4BI193 1.313.gJl NEIINCOMEI{BIPENDITUREI I,111) 131,2481 64.773 Trnslets between Funds 21 Plet In¢omlnElloutEoinK) fortheyear belore otherretO8nistd8aiTh58nd 10$5es I28.9} 13L2481 64.773 Gainsliiossesl on re¥aluaiion of investments Rev•luatlonof soclol Investments 13 119.%21 81.5 40.649 47.5 Netmovernent infunds 19 65.830 1¥94DI 105.422 Total funds broughtforwa 1,116.$85 41228 1.218J13 1.113.391 Totsl fufidstarritd fornvard 1.241415 J.255.MJ 1.218AII 14
St Paul's Hostel- Annual Report and Financial Statements Year ended 31 March 2023 Company registration number: 03009035 Balance Sheet as at 31 March 2023 2023 2022 TONI F$ Funds lunds FI0 ASSfrs Tan8ible o5sets Social investmenu io li 241104 377.S(Mi 243.IIM 377.51Th) 306.651 I.() 620.604 S96.651 CURRENT ASSETS Oetyiors In%E5tments 12 13 26J28 491295 355.105 873.728 20.305 511.657 465.841 997.803 491295 316A17 8J5A40 Cash ai bank •nO ifi hano CREDrtofts Amourtis failing dup Wifhin one year 14 196A91 112L6291 122l6111 NET CURRENT Assrrs 7Juii 75109 775.162 IOTALASSETS LESS CUIREwf UABIUTIES L359A15 L371703 1.3?1.81J CREOITORS Arnounts iallinE due after more ihan ofte?1 16 1117.(Wl 1117.1) 1153.(Wl NET ASSETS L24L41S 13.28B L155.703 1.218,813 FUNOS Unrestritted fun¢Js Oesi8nèTed lunds Re14(10n resefft Restriaed lunds 19 553.S(Kl 855.808 915 iU8 320.717 42.228 L25%703 1.218.813 These accounts are prepaied in accordarte wih speckHI provisions of Part of the Companies Act relatin9 lo small compans. The financk41 statements were approved by the 8oard of Trustees on DecemLw 2023 and were sKJned on its behalf by.. D Morris- Chair and Trusiee 15
St Paul's Hostel- Annual Rep and Financial Statements Year ended 31 March 2023 Statement of Cash Flows for the year ended 31 March 2023 2023 2022 the•m• I l•xpèndr(urel fgry•ar 131.2481 64.773 Dividends receivable Interest recei¥able Depreoation and impa•rment of tan8ible Iwed assets Ilncreasel I de¢rease in debtors Increase I Idecieasel in Creditors 116.7171 11.6661 71,188 16.0231 1137.0121 114.0841 1541 71,197 19.2871 1117.3681 Net cash Ilowfrom opeTatr a<ti¥ilies 1121A781 14.8231 Cash Ilow from Imiesti arfivlt•es Paymenis ¢0 aouire tan8lble fixed assets Proceeds from le of iJn8ibk fixed assets Interest recthved Oividends received 17.641) 128,4951 16.717 14.084 N•t $h Ilow from lTr¥estini arti¥itl•s 10,742 {14.3571 Net in¢rase I Ide¢rease) in ¢•5h and eqUIlents 1110.7361 119.1801 Cash and •9alents at th• b•1*InG of the T•PQrtinB period 465,841 485,021 Cash and cash equivaleftts at the Ènd of thè reporting period 355.105 465.841 16
St Paul's Hostel- Annual Report and Financkil Statements
Year ended 31 March 2023
Notes fomiing part of the financial statements for the year ended 31 March 2023
A¢¢ountiryJ polki
la) Basis of preparation
St Paul's Hostel is a chantable wrvate Company (incorporate(l England / Walesl. In the event of the
charity being wound up. the liability in respectofthe guarantee is b'mited to £1 per memberofthecharity.
The address of the registered offKe is 9Nen in the charity informatK)n on page 3 of Ihese financial
ststements. The nalure of the charty'5 gperatb)ns and principal acbvity was thal of provi¢Jing
aceommodatK)n for Ihe single homeLess and further details can be found in the trustees. reporL
The charity constitutes a pubk benefit entily asdefined by FRS 102. The financialstatemenls have been
prepared in accordance wilh Accounting and ReFOrting by Charities" Statement of Recommenée
Practice appIable to charities preparing Iheir accounts in a¢cordan¢e with the Fin¢$3[ Reporting
standard applicable in thè UK and Repubir of Ireland issve(l in October 2019. the Financial Reporting
standard applKable in the United King¢Jm and RewbiK of Ireland IFRS 1021. the Charibes Act 2011. the
CompanEs Acl 2006 and UK Generally Accepted Accountiro WaCte.
The significant accounting pobcies appld in Ihe preparation of these financial stalements are set out
below. fhese po$ have b&n ¢onsistently appiie
St Paul's Hostel- Annual Rewrt and Financial Ststements Year erKled 31 March 2023 Notes forming part of the financial statements for the year ended 31 March 2023 Icontinued_l lel InSImOnts Investments are stated at markèt value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluatK)ns and dispx)saLs throughout the year. Current asset investments are short term hKJhly liquKI investments and are heid at faw value. These include cash on deposit and cash equNalents with a maluiity of less ihan one year. Pension costs The charitsble company operates a defined contrxJtK•n scheme for the benefit of its employees. The costs of contributions are recoed as an exnSe in Ihe per to whh they relate. Igl Tan9ibl• fixed assets and depreciation Tangible frxed assels costing mote than £iow a ¢aprtab"sed and irciuded at cost induding any incidentsl expenses of a¢quisrtion. Depreciat is provided on ai1tsng1e ed assets at ratescalculated to wrrte off the cost on a straght- line basis over their expected useful economt Lives as fou Freehold property Fritures and fittings Motor vehicles Capital works programme over 4 to S years 25% on reducing balance over 7 to 8 yèars Ihl Financè and oporntitY4 lea Rentsis appbcable to operating leases are charged io the SOFA over the perKKI in which the cost 15 incurred. No assets aTe curTenUy held under finance leases. Going Concern The financial statements have been ppared on a going concem basis as the trustees believe that no materk31 uncertainlies exist The trusts haveconshJere(I Ihè levèl of funds held and theexpecled level of in¢on and expendilure for J2 months from authorising these financial 5talements. The budgeted income and expenditure is sufficienl with the level of reserve5 for the charity to be able to conts'nve as a going coeM. til Tax The charity is an exempt charity within the meaning of schedule 3 of the Charities Aci 2011 and is conSered to pass the tests set out in Pa¥agraph i Schedule 6 Finance Act 2(no atKI therefore it meets the definition of a charitable company for UKc¢rporation tax purwses. Ik) Debtors and creditgts receivable / payable wihirbone year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at tranSactn pri. Ary losses arising from impainient are recognised in expenditure. Pro9rammè relat•d social invèstm st Paul's owns two freehold prortE5. whh are used as resettlement hovsing and thu5 specifically contribute to the charty's charitable purposes These properties are heid at market value provkjed this arr¥)unt can be me35ured rebably otheThwse Iheyare measured at cost less any provish)n fordiminulion in value. Im) l>onated Good5. Servrces and Fatilitles Donated professional services and donat fa¢rtrtEs are recogn¢sed as income when the charity has control over the item. any condit)ns assochated wth the donated item have been mel. the receipl of economic benefit from the use by the charity of the item s probable and that economi¢ benefit can be measured reliably. In accordance with the Charits SORP IFRS 1021. the general vOluntr Inne is nol iecognised Irefer to the truslees. annual rep)rt f¢y more informatKJn about thr cOntrilI0n>. On receipt. donated profess)naLseNeS and donaled facilits are recognised on the basis of thevalue oflhegift to the¢harilyWhh is theanw)unl Ihecharitywould have iwi Wilng lo pay to obtsin servi5 or facilities of equNait economic benefrt on the markeL a corTesponding arrnunt s then recognise¢J in expenditure in Ihe pwicxl of receipt Thecharity culnY paysa managemenl charge to Ftts Lwing fortheuseof the hostel which anY)unts to £44.784 per annvm. GNen the unique natu of the property aYK4 it purposes a market rental can not be measured accuratelyarbdthereforethereare no (kKted f1liestransaC1l0ns recognised in respecl of this facitity. 18
st Paul's Hostel - Annual Rewrt and Financial Stalements Yearended 31 March 2023 Notes foming part of the financial statements for the year ended 31 March 2023 (continued..) 2022 Giftsand donations Grants (See note 221 53.693 22L952 171161 275.645 293,706 Grants recel¥ed. IndiKled In the aljove. are as tollows: 2022 Eveson Trust WorceStercfity Council Garfleld Weston Nationwide Kitthen Grartt Rough Sleepers Drvg & Alcohol Serv•ce Public Health Engl•nd Albert Hunt RowlandsTrusl 8eatrtce LangTrvst 29th May Charlty Montal Charitable Trnsi Roger & Douglas Tumercharltable Trust WOrSter Community Funding Peer Mentor Programme ArcherTrust Arnold Clark Hedley Foundation ASDA Foundatlon Willis Trust Wellness Grant woreestershire Advan F&C Grant Mentor Worcestershire- Grant Natlonal Lottery P13tlom Housin B&0 Fountlation SirJule5 Thor 30,0 36.645 25.iXXI 21702 19.255 24.1)88 10.1 U450 750 io.oryj 5.880 4.800 1,000 221,952 In,161 Investment wK<¥ne 2023 2022 Dividends reolved Deposit account interest 16.717 1.731 14,084 18.448 14.138 19
St Paul's Hostel- Annual ReKyJrt afvj Financial Statements Year ended 31 March 2023 Notes fomiing part of the financial statements for the year ended 31 March 2023 Icontinued.) 2022 H¢MIng Èeneflt Rent Privaie Reni Worcester City Council. HO1n@FIrst sundry Intome 679,654 48W2 335,036 661t131 83.fj77 316.456 8.676 1.105.692 L070.840 2022 Hostel. Housing First & Resettlement¢Osts Salaries, Nl & Pension Rents 724.876 6fj6,148 50,224 23.519 14.X79 5.951 59.257 20,221 34.278 18.302 Repalrs & Renewols Insvrance5 Telephone FOOLI Costs Client Welfare oun5elllng C05tS Cleanlng Consumablès othei Costs Bad Debt Pro¥ision 36.203 16.305 70.2WJ 20,221 57.118 23.495 3.521 6.Z89 12.751 I.IP30.938 975,755 2022 Projertcosts Fundr3i5in8C05t5 Direct Project Costs Clienl Welfa¥* staff Tralnlng 25.951 ,ioi 31.245 30,690 Total dlrect expenditure on tharttable artivltie5 i.1.18) I.¢X16,445 20
St Paul's Hostel- Annual ReF)Ort and Finala1 StsterrEnts Year ended 31 March 2023 Notes forming part of the financial statements for the year ended 31 March 2023 Icontinued_l C•ntral ov•rh•ad / support costs 2022 Salaiies, Nl & Pension Office Costs IT Costs Le8al. Consultan & Profèsstonal fee5 Sltbscriptlons Accountanc¥ & Audit Fee5 staff Trainingjwelfare Staff Reuuitment 8ank Chafge5 Oepre¢l¥tlon & Iprofltll1055 on dlsposal of assets 16L542 159.078 12.193 16.194 4.120 4,760 5,959 32,501 18.106 3L613 6.377 7205 48.382 1.401 71.188 n,197 3.110 307,466 Net Incomlng/loutgoiry) resourc Net resource5 are Stated after thar81/(c¥edItfjng1 2022 IndependÈfttAuditoes lee Fee for prepar8tlon of ocourtts Depreci¥lion- owned asset5 Operating leasès forproperty Operating leases lorequrpmènt 3.550 LZTh 7L188 1344 1.2( 71,197 IL277 6.859 Truste•s rèmunerntlon and expèn There were no trustees. remuneratK)n or other berefits for the year ered 315t March 2023 nor for the year ended 31st March 2022. There were no trustees. exFenses paKd for year ended March 2023 (202t. NIL). 21
st Paul's Hostel- Annual Report and Financial Statements Year ended 31 March 2023 Notes forming part of the finan¢ial statements for the year ended > March 2023 Icontinued_l Staff ¢osts 2025 2022 Wages and salaries Efflployers Naiional Insurance Defined contr5bution pension costs 798,308 70,412 17.185 730.306 59.748 15.172 885.904 805.226 The aveia9e monthly Mmber of employees during the yearwas 3312022." 3.The average numberof full-tsme equivalent employee was estimated to be 23 12022.. 22) No employees receNed emoiUnnts in excess of £60.000 duriThJ the lexcludiNJ employerfs pension contribulions). Total remuneration paid to key managerrEnt personnel was £g0.638 (2022 £95.323lduiing theyear lex¢iuding emptoyers pension contrilxjbons). The charily contritxjtes to irKlivKluaL [nsiOn schemes. which are defin1 contritxjtion pension schemes. and the amount5 charged to the wwme and expenditure accounts for the year a as ststed above. io Tangible Fixed Assets Fixtures. Fittings and Equipmtnt Motor Vehicle5 Totsls COST As ai istApril 2022 Additions . Disp05als 565.528 4.fyll 165.4191 $69.028 7.641 168,9151 13.5ty)1 Asat 31st Marth 2023 504.750 507.750 DEPRECIATION As at 1st April 2022 Charge forthe year liminattd on dlsposal 2f4).354 68.961 165.4191 1023 2.227 13.5(Ql 262.377 n,188 168,9191 As at 31st Morth 2023 263,896 264.646 NET 8OOKVALUE At 31st Marth 2022 305.174 1.477 306,651 At 3Jst March 2023 243,104
st Paul's Hostel- Annual Rep)rt army Financial Statements Year ended 31 March 2023 Notes forming part of the financial statements for the year ended 31 March 2023 Icontinued_l Social Investmwts- programme related 2023 2022 cosroR VAIUATION At 1st Aprll 2022 Addrtlon5 Revaluatlons Disposals At 3tst Marth 2023 377.SOO Followiro professKJnal valuatk)n& social Investment prot¥$ have been revalued to £377.500 with an original cost of £150.009. D•btors.' Amounts fallin9 du• within on• year 21)22 Trade debtors Prepayments & 0ye Incoffle 23,8 5.528 14,605 29.328 20.305 13 Cuvr•nt ass•t investments 2022 COIF Charities Investment Fund 491295 511.657 491295 511.657 The movement the year of £19.36z is in reiatK)n to charKJes in market value. there were no diswsais in the year. The original cost of the inve5tnEnl wa5 £300.000. Cfeditors.. amountsf3Uing due withinon•y•aw 2023 2022 Trade Credltor5 Attruals Oelerred Income (see following note) Social Security &thhertsxes other Creditors Concessionary loan- Platfomi HousinE 14.980 17.061 14.028 14.753 133,897 22,459 1.501 36,CilO 26854 2.134 36,LWO 121.629 222,641 23
St Paul's Hostel- Annual Report and Financial Statements .Yearended 31 March 2023 Notes forming part of the financial statements for the year ended 31 March 2023 Icontinued_l Defèrr incorning resource5 IrKoming resources a deferred in aCCordare wth seCtn s24 of the Statement of Recommended Practice IFRS1021 whweby incomè s subject to performance-related corKIrtK¥n Received during the ver Released lo J.4.22 revenue 31.03.23 worcesttrcity Countil- Hovsin8 First Natonwide 8am7 (s3?1 133.897 16 •diiors du• ov•r i y 2022 Concessionary loah. Platlorni Housine 117.( 153.0(X) 117.INIO 153.0(Kl Amounts due over 5 years is £NIL12022". ENIU. An interest flee loan from Platform Hou&ng was taken oul in ember zoi9 to cover extensive Capital works undertsken at thè PlosteL las represented within re assets). The loan 15 deemed to t a 'Conces5ionary Loan. sn accordance WTth paragraph PBE34.88 of FRS102 afKI therefore has rM)t been discounted. 17 0ratir lthis•commitmonts Total futurè minimum Lèase payments under rnn-tancLblè OPÈfating aseS arè as follow> 2023 2022 Not later that one year later ihan one and not later than fNe yeaTS later than fwe years 2.514 28.069 3.594 3.594 31.663 18 R•Lated parties During the year Oeborah Colbns (company secreiary & finance manager) prov1 hobsbc services including Mindfulness and Thought TFErapy lo resKlents and stsff through her company. Just One Thoughl Ltd. The total for these services amounted to £8.uo (2022.. None). 24
st Paui'sHostel- AnThJal Re[rtaINl FnCSta[tM Yearended 31 March 2023 TrIner5 Gainsand bÈlween AtL421 expended At31.3.23 iJTrrÈstrirtedfunds General Fun pev¥lu4tion reseTre OevelopmentFund I287.11 11?6.$85 975h 199).7nl 11840 1242015 Rosts¢ctodfunds WorcesterCityCOUtttil- H¢wsir¥Fil# NatrOthWideKitchenGraTht WorcesteTCityCounril-StreetC4fé Rowland5Tnist. Hostel Roorns uperade WCCPHETravma Grant 39 1361.J6Jl I25.1) (Jo 131.4171 14LI)331 3L417 SLWI U702 ROughSleepiACComrnorf1Ilort Rouihsleepers Orng &Alcohol Servi 4ts.41S 49LS3$1 T¢)tal Funds I.ZWW I45L045 ILryZ931 255.703 25
SIPaul's Hostel- Annual Repytamd starenwts ye ended 31 March 2023 Tr4n5fers between Incomlry Resources Galnsafvj AtIA21 re50urre5 expered 1055e5 At3L&22 Unrestricledfvnds Gener31 Furtd Aevaluatlon re5orye 1929.Th1 8.417 855.808 320,777 L059.649 997MI 1929.730 40.649 8.417 L176,585 Re5trirted fvnds Eveson Tw5t- SupportWoFker WOrstercItyCQUn¢11- H(XJsin¢ Firsi RowlandsTwsi- Hostel Roomsupgrado WorcesterCityCourKil- Streetcafé 8ike ProjettFund WCF Fund- Travmo IDformedMan•8er B&Q Found¥tion Platforni KASalary ArtherTrust WCC PHÉTrauma Grant 19.116 2195 Ilo.> 1299,7911 1.038 31&456 39.615 19.9991 12.6731 l613 11128 19N551 15ml 53.742 381. 14417> 41228 Totsi Fd5 1.113.391 L378,684 11.313.9111 40.6¢9 1,218.813
st Paul's Hostel- Annual Report and Financhal Statements Year ended 31 March 2023 20 Pury>osèoffunds Devel nt Fund This is a new dèsigned fund wovided to alLow for fulure devetopment of the hostel site. st Fir A pilot scheme commenced mid-march 20. ftnjed by Worcester Cty cou1[. Housing First is an internationally recognised and ev¥Jee-ba$ed rrKKJèl of IM)using and supwrt for those with chronic housing. health and social care needs. The aim of Housing First 15 to end repeal and chronic homelessness fcv a group of people for whom other services a ineffecb.ve The overall philosophy of Housing First is to provide a Stable. independent home ?d inlensive personalised support and case management. to homeless people with multiple and complex needs Housing First is a drfferent mcKJèl because it prowdes hoysing'first.. as a matter of ruhl. rather than'last, or as a reward nwide tchen Gr nt The community grant SUPF)Orts society's most vulnerable people. The grant is for a period of two years to fund a Kitchen Assistsnt Training and Employment Programme. Whilst undertaking on-sile training. residents work with our full-time Chef &Catering Manager to provide daily meals for our resident& They learn basic catering skills, education on dietary needs. nutritional value. growing & using fresh produce from our established'kitchen garden, and cooking on a bLJdget. The success of this programme has enabled us to offer employment and progression routes for residents throughout its llfetime. A grant for an essentkal upgrade arKI MaIntenan progiam". speCifllY. towards to Cost of refurbishing hosiel rooms ster Ci treet Worcestèr City Cwncil provKled a grant to the Street Feeding Statrjns IAKA Soup Kilchensl during the summér This was to support their Homelets Prevention work St Paul's acted as the bank and undertook a very simple contracl with the Crty Council subsequently distributing the allocation equiiably to each SFS. This approach was taken because one of the SFS Is mt a charity and picking one from 5 would have created iension between the WCC- PHE Traum To provKle weekly on-site counsèibng to the resMnts of St Paul'& si in npr The Rough Sleeping Accommodation Progfamrre s a nal)nal initN3ttve. received vsa WCeSter Cty CounciL The funding i% helping people with histories of sleepin9 rough or at risk of sleeping rLxgh by provIng speciats'st stsff to support occupants towards independenl living. h Slée èr Al ohol S1 The aim of this funding is to proVe addrtional sut)port to people experienciro. or are at risk of. rough sleeping.11 is not to replace funding for a see that already extsts or wsts that do not meet this aim. The funds transfers in the yearare as follows- Rough SLeeping AccomnKKlation Program- A contract for thi% work was never praU1 by the counciL The project wa5 cancelled. and the member of stsff incorporaied into the Housing First project. The £10.227 remaining ha5 been taken a5 a contribution lo St Paul's overhe*s. The Street Caféproject has ended therefore the small baLance remaining has been tsken to 9eneralfvnds 27
St Paul's Hostel- Annual Rewjrt and Financkal Statements Year ended 31 March 2023 Notes forming part of the financial statements for the year ended 31 March 2023 I¢tInl_) 22 Dcywtions and gifts Oelails Amount Earlby Property Six Mastefs Charlty Estate of Mrsy L L6tt1e Worcester Big51eepout Hewltt Reuuitmènt Su5anah Stennet SPH Thyrsfield Legal Edward & Doherty Cadbury Springmoster John nn worce*1 Parlsh Rellef Nataliejames Worcesier Severn Valleyftotary Club Estate ol Mrs Barbara Avnold A V 8rand Fyneral Oiiefflors The Provinclal Grandchapter X Greenlield C M Aavold Charltsble 7rv5t St Martins Cornmarket Bfomyard Method15t Churth C Bl8dcman pavlinÈThofpe 5,750 4.879 3,434 1,518 1,442 i.ojo 981 740 300 Totsl DOn•tn$S0ad above 31744 Anonymous Donationso¥erQSO 1.365 Anonymou5. sundrys•Nller & pets01 donaiions 17.737 GiftAid 1.847 Total DotiOnS 53.691 28