SIFA FIRESIDE IA company limited by guarant•o) REPORT OF THE DIRECTORS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Company Number: 030949)S Charlty Number: 1049728 SIFA FIRESIDE {A company limited by guarantèè) CONTENTS Page Legal and Administrative Information R&port ol tho Directors and Tru$tw$ Independent Auditor's Report 12 Statement of Financial Activities (incorporating tho Inwne & oxp•ndlturo accountl 15 Balanc• s￿&t 16 Statement of Cashflows 17 Note$ to th• Flnanclal Statornents 18 SIFA FIRESIDE {A ¢ompany limited by guarant•¢} LEGAL AND ADMINISTRATIVE INFORMATION Registered Charity Name-. SIFA Fireside Company numb8r'. 03094905 IEngland and Wales) Charity number: 1049728 R•gistored office: 48-52 Alcock Street Birmingham Wesl Midlands B9 4DY Audilor.. Cooper Pary Group Limiled Blythe Valley Business Park Solihull Wesi Midlands 88G Sollcltor$', Coley & Tilley Solieitors Neville House Walerfoo Street Birmingham B2 SUF Dlr•ctor8: The directors Ivkno are also the Irusleesl ol the charitable company during the year. and up to the dale of this report, were as follows.. Mrs C Wildman~ Chair Mr G Bate Mr F 8altye Sister J Bogie Mr M Chidgey Mr D Ollier Mrs H Schreiner Ms M Springer S•¢rotary- ma￿.￿ Molloy Th¢ following people held senior management positions wilhin the chantable company during the year.. Chl8f Ex8cutlve'. Head ol Finance.. H•ad of Organisational Devèlopmont: Mrs Cady Jones Dan Wakely L¢wise Kilbride Page 1 SIFA FIRESIDE IA company limited by guarant¢¢l REPORT OF ThE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 The D1￿Clor5. who are also the Trustees of the charity. are pleased to present their rfrport togelher with the financi81 statements ol the charitable Cornpany for the year ended 31 March 2021. Stru¢tur•. Govérnance and Managemont: Governing Document The organisalion Is a charitable company limited by guarantee. incorporated on 24 August 1995. 11 was registered as a charity in 1983. The company was esiablished under a Memorandum of Association vknich established the objec15 and powers of the charitsble company and is govemed by ils Articles of Association. In the event ol the company being wound up. members are required lo contribute an amount not exceeding £10. Method of appointm•nt of Dir•ctors and TrustO•S The Directors and Trnslees are appointed according to the njles detailed in the Memorandum and Articles ol Association of SIFA Fireside. The Sisters of Sl Paul are enlilled to nominate one Truslee. When new Truslees are sought the 8oard and management will a¢lively seek potential recruits from within local neiworks and also consider recnjitmenl via 8n adverb'semenl in local rnedia and voluntary sector umbrella organisations, ensunng thal the Board represents thè W￿est possible range ol communities and interest groups, including SIFA Fireside's volunteers and ¢lien¢s. Polenlial candidates for appointment are initially interviewed by the Chair and then presented lo the lull 8oard lor the decision lo appoinl. New Trustees can be co-opted onlo the board in periods be￿een AGMS and are then wesenled lo member5 for eleclK)n 81 the next AGM. The Trustee induction process is joinly led by the Chair ol Trustees and the Chiel Executs"ve and includes an Introduction to the slrLJ¢tures and g0veMan￿ ol SIFA Fireside, an operabonal overview of service delivery, sile visi15, awareness training, and detailed reading ol policies and pr¢xedures. Following appointment, new Trustees sign a confidentiality agr9emenl and conflict of inierest declaration. Organisational Siructure SIFA Fireside is led by a Chief Executive who reports directy to Ihe Board of Trustees. The Chief Executive is responsible for the day to day runnirg of th8 charity wth support from a management team that consists of.. Head of Organisational Developm9nl Head of Finance Fundraising. Communications and Volunteering Manager Service Manager Facilities Manager D•cisSon Making The Board of Trustees rneeis every hvo monihs lo make deasions informed by presentation and discussions wth the Chief Executive and members ol the management team. The types of matters ￿served for the Board include the approval ol the budget and the Annual Report and Account5 and rabfication of ihe Business Plan. significant capital expenditure and the chzrily's policies. The Board is also responsible for long-term financial and strategic planning and for govemance. while the management team takes operatsonal decisions. In befv￿en formal board rneelings. the trustees meeting lo speeific areas of operalion in depth through structured w¢ykshops thal are also attended by the senior leadership of the charlty. Workshops in the18$1 year have included the follovitng themes= Board KPIS and impact measurement Branding and identity Premises Options Appraisal Govemance and trustee recruitsment The Board delegate the daily operab.onal responsibility to the Chief ExeGulive supported by the management team. The Chief Executive is responsible lor ensuring thai the charity delivers 8 sefvice in a¢¢ordance with ils Objects and Mission Statement, that key performance indicators are met. and for balancing the effective management ol ￿sOUrceS wlh creative development ihat keep5 the Interests of clients at its heart. The day to day rnanagefflent ol the Service induding 5￿ff management is the responsibility of the management team. The Chair and Chief Executive meet on a regular basis lo maintain information flow, 8nd the management team meets al leasl weekly lo ensure strategic relevance and operatic>nal effectiveness and lo provide consultative struclures w71hin the organisation. Page 2 SIFA FIRESIDE IA company limited by guarantee) REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 SIFA Fireside has policies and procedures in place that describe key finanaal responsibilities and the agreed areas of delegation from Trustee Board to managemenl. The Head of Finance takes responsibility for overseeing a¢¢ounl re¢onGilialion and reports directly lo the Board on rhe managemenl acc¢xJnts and budgetary matters. Risk Managemènt and Quality Standards 11 Is the charity's policy to have 8 risk management framework which". Attempts lo identify. assess and manage SIFA Fireside's risks Supports SIFA Ftreside s slrale9ic plan A55igns clear respon51bililies for risk management Monitors and tracks progress on managing risk There are currently 20 risk5 on the risk register whid) are rewewed and scored monthly by the owning member ol the management team. The Board of Trustees reviews the risk heal map thal provides an overview of each risk and the CEO updates about any changes in key risk areas. Managers meet lo review Ihe risk ￿gISter monthly and where there are risk5 that may require in deplh attentson. these are broughl to the board ffx a detailed review. The most signilicanl risks thal SIFA Fireside faces are.. 11 Risk that in the event of an issue impacts.ng availability oflacc8ss lo SIFA premises or SIFA systems, the Charity would be unable lo support clienl services - SIFA Firesi¢Je has 8 business eontinuity plan in place and specific risk assessments lor the building and its systems. We a150 have partnerships wlh other organisalions that are able lo offer support with space for services lo be delivered. AJI staff are sel up lo work ￿motelY and we have a protocol in place for how services are delivered Il ihe premises is unavailable. 21 Failure lo manage building security, Health. Safety & Fire risk5- There is a cascade system in place concerning the intruéer and fire alarms for out ol hours. Monthly fire drills and weekty fire a13m) tests are taking place. All staff are trained in basic health and safety principles. Facilities manager has ¢omprehensive risk assessment in place that Is updated at least quarterly. Start of day and end of day building checks are completed to ensure SIFA Fireside is compliant. A number ol staff 8re fir51 aid and first aid al work trained and we have designated file marshals who have completed lire marshal training. Frontline staff have also completed mental health first aid loining. There is a secure door enty system through the building which works on a lob system and managers are responsible for the allocation of lobs to staff and volunteers. We have also established a separate COVID-19 risk assessmenl that is regularly monitored and includes enhanced cleaning prolocols and guidance for stsff. volunteers and clienls ¢oncerning le51ing and requirements lor enty into the building lo maintain safety. 31 Lack of sustsinable frJnding putbng core work 81 risk- SIFA Fireside has a rasgrves policy and has been increasing ils level ol reserves lo ensure that core work can conbnue. Funding is from a range of 50urce5 and there Is not an over reliancè on one particular income stream. Full cost recovery model is applied lo all funding application5 that are submilled. There is a fundraising team in place with a variety of 5ki115 including individual, giving. corporates and trusts and grants lo ensure that our fvnding portfolio is as divetse as possible. 41 Risk that staff do not fully under51and adull safeguarding procedures ￿SuItsng in potential lor serious harm - all staff are laken through adult safeguarding training when they first join SIFA Fireside and at least annually subsequent to thal. Frontline managers are level 3 Irained in safeguardin9 and the adult safeguarding policy is reviewed and reapproved al least annually by the board of tru51ees. SIFA Fireside has a nominaled saleguarding champion on the board ol tnjstees. Fronlline leaffls regularfy debrief io ￿VIeW practice and ensure that an effective safe9uarding approach has been tsken. There Is also a weekly safeguarding review meeting that is led by a mèmber of the service delivery leadership team. SIFA Fireside takes a continual leaming approach to safeguarding and has a visibl8 flow¢hart lor staff and volunteers displayed around the build to help ihem understand the process. SIFA Fireside h￿d5 the Matrix quality assurance standard and was su￿sSfUllY ￿a¢Credited éuring the year. We are also signed up lo the Mindful Empbyer. SIFA FireSKle Is a living wage employer and has achieved the Living Wage Foundation's accreditslion. Page 3 SIFA FIRESIDE (A Company limiied by guarantee) REPORT OF ThE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 Objectives and activities Principal activity and obj•ct (rf th• charty The relief of persons who are experiencing homelessness. vulnerability and social exdusion by providing advice, assistance, inclusion. engagement and equal access fo services for such persons. influencing the strategic developmenl ol the hofflelessness agenda and educating the general public as lo Ihe needs ol persons. Vision SIFA Fireside a leading Charity enabling homeless arvj vulnerable people to take control, paving the way for healthier Mission 5tat•ment Our mission is lo," provide inclusion. engagement and equal access 10 Services lor those individuals who are disadvantaged or experiencing homelessness. and lo influence the strategic development ol the homele5sne55 agenda in local and national arenas. Our Values Dynamic Inclusive Supportive Courageous Our alms Reduce homelessness Increase social inclusion Increase life skills Improve health Improve employment pcslential Reduce offending R•mun•rallon The remuneration of senior management personnel and the Chief Executive is delermined by the 8oard of Trustees. The Board assigns Specific lask and finish groups where appropriate in ￿laD"On lo key remuneration issues and brings these recomrnendalions to the trustees lor final approval. The femuneration of all employees is reviewed al least annu811y and the salaries of senior management are review￿ al least annually by the board of tru51ee5. Remuneratson and staffing are incorporated into SIFA FiresKle's risk register lo ensure an effective and lair remuneraiion policy is in place Ihal enables the lenlion ol high quality S￿ff. Public b•n•fit We review our aims, objecliv9s and a¢tivilies annually lo ensure that they remain consislenl, in aceoréan¢e wth Charity Commission guidance, and Ihal planned future aeriwfies also fil wthin our slated aims and objectives. Our remit Ilimiled by our objects and lunding requirements) is lo work within Birmingham and Solihull. our City Centre location rneans that we are geographically accessible, and we provide daity open access 'drop in. sessions which are widely advèrtised through our website, leaflets, olhef agencies and word of mouth. There is no charge for our serwces. The benefi'ts received by clients are closely related to our aims., for example, people are given inlomiation and advice about benefits and debt and are assislgd to access hoslel places and then lo take on and sustain thwr ovm tenancies. To ensure that benefits are balanced against any potenfial detriment or hami we are proactive in adéressing concerns aboL¢I public safety and nuisance, meeting regularty with neighbouring businesses", wth I￿31 rèsidenis and the police and carrying out frequent litter patrols in Allcock St and the surrounding a￿8. Clients are either refe￿ed by 51alutory serMce5 (Probation, NHS, Birmingham City Council) or voluntary agencies, or they can self-reler. and SIFA Fireside monitor5 the referrals received in relaii'on to age, gender, ethnicity. disability and hou51ng Status. When individuals are assessed a decision is made as lo their level of need and potential lo benefit from our services. The percentage of Black and Minority Ethnic clients seen broadly reflects the local comrnunity, and we endeavour lo meet specific needs, such as translating service information into Polish. ￿lIe we See a much higher proportion ol men than women we are proaciive in highlighting women's needs and in maintaining partnerships that meet these. We are committed to equal ac¢ess to our services aNJ. by prowding free practh.cal help such as meals and showers. enGourage people in poverty to engage with SIFA Fireside. We are a150 able to fiJnd travel costs for attendance at some ol our programmes and for our client volunteers. Page 4 SIFA FIRESIDE IA company limited by guarantèè) REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 Review of activities 2020-21 Objectives for 2020-21 Implemenlalion of Adult Support Hub Development of key strategic partnerships Invest in our wofkforee COWD resilience Creale a high pertorming board Ensure building 15 fil lor purpose understand long t8mi property options What we achlevgd Implernentation of the Adult Support Hub The ASH (Adult Support Hub) works with over 25 single or childless couples who are precariously housedland or requirg long term housing and provides specialist adwce which cc4Jld help maintain accommodalion, improve health and wellbeing and increase aspirations for the future. We are commissioned by 8irmingham City Council and work in partnership wsth Shelter and other commissioned providers. The service was commissioned al the end of 2019 and it was challenging lo implement fully due lo the onset DI the global pandemic. Despite this, we have taken si9nificant steps during the year under review lo ensure this vital service has been fully embedded within the SIFA Fireside core offer. During the year the le8m saw approx. 149 Individuals and prevented them from falling inlo the crisis. Support was provit1ed over the telephone and where necessary face to face from SIFA Fireside's day centre in Digbeth. Examples of the support provhled indude.. Advocating lor clients conceming propety safety Securing long term. settled accommodation Securing grants for essential living ilems like while goods. crockery and fumiturg Providing money health check for all individuals accessing the service Signposting dienls lo mental health. addIC￿On services and wellbeing assistsrte in their local community Roy's Story Roy had been accessing support services from SIFA Fireside since 2016. However, his health started lo delerioral& over the last year and he was struggling lo manage his Property. Roy was referred internally lo the ASH team who carried out a lelephone assessment due lo COVID ￿$trie￿On$. Roy has COPD and his mobility had been deteriorating which left him mostly housebound and unable lo meet his basic sell care needs. Roy could not manage to carry out domesb'c chore5 which resulted in his propety becoming dity and cluttered. Roy was living on the first floor and il was denlified that this would be unsuitable for him in the long term. He disclosed that he was experiencing low mood and Symptoms of post Iraurnalic stress. Roy had ￿en reluctant lo seek mental health support due what he described as a bad experience in the past. Roy was also disengaging with physical health support as he felt the￿ would ￿ no improvement and little anyone could do. A salegLsarding referral was made to adult srxial care for Roy and his allocated social worker arranged occupational health and physiotherapy visits al Roy's property. Roy 15 a verteran and expressed that mainstream mental health services did not fvlly understand the circumstances ol ex-armed forces porsonnel. As a resur( a ieferral was made lo NHS Veteran's Mental Heatth Tran511ion. Intervent￿n and Liaison Service ITILSI who also agreed lo visit Roy al his home due lo his mobility issues. Due to Roy s reluctance to engage with physical heallh servic8S to help manage his COPD. a referral was made to the British Lung Association for independent advice on his options and how he can maximise his qualily of lile while managing his COPD. Roy is receiving support with his housing options lo find a long term suitable propety that he can move into and 15 being assisted with income maximisation to ensure he can retain financial stability. Roy was pleased that the ASH worker had identified ihal ho required specialist services relevant his circumstances and that his nght to make his own ¢hoi¢es was respected which ￿sUIted in a much higher level of engagement wth support than had previously been shown. P￿e5 SIFA FIRESIDE {A ¢ompany limited by guarantee} REPORT OF THE DIRECTORS AND TRUSTEES FOR ThE YEAR ENDED 31 MARCH 2021 Crisis Respons• SIFA Fireside operates a daily drop that supports people experiencing marginalisabon or disadvantage as a resull ol homèlessnèss, povety, substance misuse, mental health pioblems or social isolation. The servicè offers immediate pra¢li¢al support in a welcoming environment. wth as5e5sment. signposting and referral on to relevant sUPPOrt serviGes. During the period betrween 1 ?1 April 2020 - 3141 March 2021 we needed io adapt our seryices due to the COVID 19 pandemic Staff were available to SUPPOrt crisis presenta'.ions both via phone and on sile. We Pfovided mobile phones lo clients a5 a way ol communicating and also to ensure they could remain In coniact with other support services. we also provided door slop visits for vulnerable clients and delivered health and wellbeing packs io keep cltenls busy and support mental health. All clients wère assessèd on the same day to es￿blIsh support needs and agreed action plans were pul in place. We Continued to build links with olher partner5, to ensure we were updateij with any relevant changes. ensunng correct Inlormatioll could be relayed lo clients. Crisis continues to be an Integral support offered to our most vulnerable clients parcicularly those who are not ready lo engage and rely on practical assistance Including food, clothing. showers. laundry and Ihe ability lo access primary care health services from our building. The case study below conveys vitsl role that this service has played in the lives of some of girmingham's mosl vulnerable indTVKiual$. Slmon's Story Simon has been well known lo homelessness services and SIFA Fireside for many years, He wag rough sleeping for approx. 1 &20 years Simon experiences anxiety and cl8u5trophobia which meani that he was unable Its seitte in a hostel or supported accommodation. Simon had been unable to complete his benefits application5 and as a result had had no Income lor 17 years. The only service that Simon would engage with was SIFA Fireside and he repeatedly declined offers ol support wilh his housing. &'mon continued lo access SIFA Fireside during COVID and the reduced number ol people provided an opportunity lo deliver more intensive assistance lo him. Staff found OLJt about his interests in music. film and literature and as the relationship developed started 10 ialk 10 him again aboul possible housing options. Under the Protect scheme funded by MHCLG (Ministry ol Communities Housing and Local Government) an alternative support package was offered thal was outside ol the 51andard housing pathway which enabled us lo highly personalise the support provided to Simon in a way that had nol been available previously. Simon chose lo stay in a city centre hotel where he was provided wth a digital radio ihal has helped him lo settle in. He has not returned lo the str¢els since and is currently wailing lo move into a self contained Housing First propety Simon was further supported lo obtain his birth certificate which enabled him lo open a bank account. We helped him work wth the DWP IDepartmenl of Work and Pensionsl outreach wother based al SIFA Fireside lo set up his Universal Credit and for the first lime in 17 years, Simon has benefits in payment. The increased stability ol his 51tuation has rneant that Simon has been able to engage more fully with addiction recovery sefwces and he is now receiving support from 8SMHFT l&'rmingham and Solihull Mental Health Foundation Trust) lo address his anxiety, ¢laustrophobia and othef issues relaled lo having spent so long on the streets, The years that Simon has spent attending SIFA FiresNYe has built trust and facililaled his ability lo engage wih mainstream Services usually al our site in Digbeth. Simon Is lookin9 loTrvard lo moving Into his new propety imminently. In February 2021, SIFA Fireside was commissioned by Birmingham City Council to enhance its crisis response provision through Ihe implementation of the Homelessness Tran￿tIOn serV￿e. The seryice aims to improve the ¢lient experience by providing largeled. short term interventions lor homeless adults lover 251 and childless couples recently referred into non- commissi¢ned supported aceommod8titsn. Homelessness Transl￿On Worker5 SUPPOrt elients to settle in, liaise with the landlord. support worker and other agencies to ensure that their move is suslainable. Thi5 prevenl5 It becoming a lailgd tenancy and requiring them to relum as a crisis preseniation and allows for any issues to be dealt with quickly and efficiently. Homelessness Transibon Workers visit the client in their new property within 24 hours lollovAng a referral from the Housing Options Team. This additional layef ol support is ￿assuring for clients who may be app￿hen$1W8 about what their property ill be like and unsure ol the support tha115 on offer. Recovery The recovery team assists clients on theirjoumey outof homelessness to help them achieve sustainable move on.11 includes tenancy sustainment, specialist support fof clients that do not have staiulory entiuement to homelessness assistance, support lor suspected survivors of modem slavery. employability. access lo education and training and help lo maintain involvement wlh addiciion services. mental health and primary care health service5 in Ihar local community. The recovery team also actively engage5 wth clients lo help Ihern re-esta￿ish their interests through a range of arts based and other acts'vities. This includes a long term photography projecl wth acclaimed photographer. Anthony Luvera, cookery c5asses, arts and crafts sessions. music. theatre. library and dient forum. In the year our 5perialis1 tenancy sustsinmenl worker supported over 200 individuals lo achieve move on and manage their properties. This includes almost £100K in financial gains lor vulnefable indTviduals that has helped ensurè individuals are able to manage their finances and rnake priority payments. purchase household item5 elc. Page 6 SIFA FIRESIDE IA cornpany limited by guarantee) REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 A key focus of our work during the last year has been to as51St individuals who do not have a slalulory entitlement lo homelessness as5151ance to be able lo acces5 SUPPOrt and move. We have help Mth obtaining ID documents, universal Credit issues. opening and accounts and advocating lor dients rights under Everyone In. A key part of our work in the year was to assist individuals expenencing Migrant homelessness to submit their settled $18tus application5 in order lo be granted lull residency entillemenl In the UK. We received funding from the Home offi￿ to employ a dedicated worker In this fi'eld and have 5ucce5sfully secU￿d sellled status for many ol our clients. Additionally. the team i¢Jenlified 15 polenbal victims of modem slavery in the year and supported 5 to enter the National Referral Mechanism. Mar>y individuals continue to be very feluctanl lo report their experiences to the police and share their experience5 through fomial routes. Our anti slavery work eonts.nues to be a high priority for SIFA Fireside and although we saw fewer survivors in the lasl year. we know that Is due to the global pandemic and people experiencing homelessness are al significant risk of exploilalion. Developrnent of key strategic partn•r¥hip$ SIFA Fireside's 51ralegic partnerships have developed In the year whKh has enabled improved service delivery lor our clients. We have enhanced our partnership working DWP and have an outreach y￿rker In Service every Wednesday supporting our job club and a5sisling our tenancy specialisl wth more complex cases. We have worked closely with the consortium ol organisats'ons delivering specialist legal adwce lo those experiencing migrant homelessness which has included weekly sessions wth workgrs from ASIRT IAsylum Support and Immigration Resource Team) and the Birmingham Law Cenlre. In June 2020 we welcomed Birrningham City Council Houstng Options team to SIFA Fireside lo deliver emergency housing adviee from our day centre in Digtyelh. We Currently have three housing officers based al SIFA Firesid& who co.locale their Service wilh us and saw over 1,000 individuals in the period under review. Furthemiore, we have developed a strong strategic partnership wth the Wesl Midlands Anti Slavery Ne￿￿rk and are due lo be launching a new seNice anti slavery and homelessness provision in June 2021. Taking the learning from our women's rough sleepers project funded by WNCA'S Iwest Midlands Combined Aulhorityl Rough Sleeper Initiative funding we have created a pathway apwoa¢h lor rough sleeping women in Birrningham. This is a partnership beNveen Spring Housing Association. Aeorn Housing. Birmingham and Solihull Women's A￿ and SIFA Fireside and is the first ol ils kind in the city. SIFA Fireside h05 continued lo hold a seal al key strategic boards in the city induding Ihe Homeless Partnership 80ord 8nd Health and Wellbeing Board. We are a core group member for 8im)ingham Changing Futures Together and have secured membership of the city's Eviction PreVent￿n Panel. Invest in our v40rkforrA Ourworklorce has grown ¢onsiderably in the last year and as a froniline service providor, our staff have faced the challeng8s ol working throughout COVID. 11 has never been more important for us lo invest in our workforee. We have self funded several new posts in our crisis team lo increase our capacity to deliver high quality 5UPPOrt and have invested in a digitally based HR management system lo support managers an(J staff alike to more easily manage their perfomiance and experience al SIFA Fire$￿e. As part of our response to COVID we worked wilh one ol our wpcKale partners lo de51gn a bespoke part resilience training package. We also increased our invesimenl into occupational health services and retained a counselling service lo make it easier lor staff ID access support as quickly as w)S￿ble. We began using the Clear Talents system lo ensure that all reasonable adjustments were implemented and we are able to effectively track that the appropriate assistance is being put in place for our staff. This has induded minor adjustments such as changing blind5 on window5 to more large scale adaplions to ensure an indiwdual wth visual impairmenl vos able lo join our workforce and feel confident in being able lo complete the duties ol their role. In the year, staff attended approx. 110 separate training and development sessions. All staff have annual refreshers in modern slavery, professional boundaries. confidentt"ality and adult safeguarding. We have continued our commitment lo being a psychologically infomied environment and our new cohort of staff have received thi5 training with support from BVSC (Birmingham Voluntary se￿ices Council). A number of our stsff have attended accredited training and vwalional study including chartered accouniancy, Chartered Institute of Fundraising Certificate in Fundraising Management, Institute of Money Aévisers CPD and various qualif￿b.0ns from the National Homelessness Admce SeNice. Page 7 SIFA FIRESIDE IA company limited by guarantwl REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 Although volunteering is covered in a separate part of Ihis report the trustees wsh lo note that volunteers are very rnuch considered part ol our workforce We equally invest in training and support for our volunteers across a number of key areas including acce5S to accrediled training like health and safety and food hygiene. Volunteers have access lo all internal training offered by SIFA Fireside and receive regular support and supervision from Ihe Volunteer C¢)ordinator. COVID Resilience Due to the global pandernic SIFA Fireside has had to adapt lo new ways ol working quickly and take addilional measures to ensure that our staff were kept safe when they were at work. Bn"efly our rneasures included.. Reconfiguration of drop-in lo accord with separation gtjidelines conceming safe disiancing for Covid-19 and regular cleaning regime Introduced for drop-in operalrng houfs and introducb'on ol lable-waiting service and strict entry procedures al the Client entrance to limii numbers and control movements arouné the drop-in area. Instsllalion of aulomal¥c hand sanitisèrs in drop -in and provision of iegular supplies and 5anitisers and cleaning products around the drop-in and through(KJl the premises.. ca￿fUl stock control measure lo ensure sufficient supply of PPE and eleaning items". Siricl control ol showering and washroom acces5 to all clients and regular and syslemalic cle8ning system to mitigate against any polentsal transmis&on of virus via contact wth surfaces. Daily Surface cleaning and handle sanilising regime introduced and occupaknonal limits cleady enforced to all office5 and shared spaces io limit any transmission threat. Introduction of home working measures lor 5laff durin9 loek¢knm penods and 8cceleraled foII-ouI of new mobi18 phones, laptops and tablets to faciliiate flexible working.. Risk Assessment and Covid nob"ficalions and infomab'on sel out on a ¢Jedicaled notice board in the drop-in and poster role out lor the drop-in and olfice are8s providing advice and guidance on protection rneasures. COVID recovery plans disseminated to all staff and reviewed on a regular basis by senior management and the board of Iruslees. Crtat• a hlgh perfomilng board Although we were unable to hold faee io f8ee meetings during the yeaf. this did not deter our commitmgnl lo the creation ol a high performing board al SIFA Fireside. In addition lo our lormal meeting schedule we introduced a series of workshops lo take place in be￿een meeting5. The workshop5 enable the board to review in more details certain aspects of SIFA Fireside's operation and gain greater Insight lo support their overall deci510n making. Trustees have allended work5hop5 on various topics including govemance and structure, building options appraisal and KPIS and impact. Additionally we have reviewed our recruilmenl approach lo ensure that we are as inclusive as possible and the trustees have further reileraled their commitrneni lo ensuring that b08rd membership is as ￿fl￿tiVe of our client community as possible. Ensur• bullding Is fit fr*r purpose and explorg long terrn prop•rty options SIFA Fireside is within a foolprinl for significant redevelopmenl within Digbeih and in current plan5 Dur building has begn earmarked lor demolilion. Consequenlly, we undertook an options appraTrsal during the year to establish what our next st&ps may be. Following discussion between senior management an(1 the board tl was agreed that currenlly continuing lo invest in our existing space is the most prudent 8rproach and have agreed lo rewew the situation in October 2021. During this lime we have been working with CO￿Orate partners that 5pecialise in property and development to builé a laskforce that will a551sI us in agreeing a long term vision for our property and locabon. unfortunate￿ in June 2020 SIFA Fireside's buikjing experienced srynfficant fb)od damage as a resur( ol lorrenlial downpours in the middle ol the month. This meant that we had lo complete a COnSKlerable amount of ￿paIrS lo the building. Thi5 included mDdificaiion5 Its the roof gullies and ￿MedIa1 work to the roof panels arwj adjuslmenls to the underfioor drainage system to make it belter equipped lo cope wth high volumes of water. There wa5 a cofflplete reconslruclion of the drop-in floor implemented by a professional team and the new floor replaced a damaged and uneven surface and has enhanced and refreshed the look of the drop-in. We have also introduced a centrally controlled door entry system to provide addl￿O￿al security lo upstairs office areas 8nd the implementation of associated door lag monilonng and staff-and volunteer allocation system for the whole premises. Signage around the building has been improved and regular mainlenance is now carried out on all ¢rilical building facilities. Page 8 SIFA FIRESIDE IA Company limited by guarantee) REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 ecificall to client facilities ro¥¢ments made s Completion of the r8configured A¢bwty room including new floor. improved natural lightsng, Construction of deep shelving system for storage of Graft and activity items and completion of 3 new library shèlwng Ralionali5ation of the clienl activities and equipment into a single storage system ln the Activity Room and disposal of unused. historic Items. Clearance of potentially dangerous items le9 craft knifes, knitting needles and s¢i5sorsl into locked cabinets., Lighier and clearer look to drDP4n area. Positioning ol new notice board5 and lockable display cabinets. Disposal of tired and broken fvmilure arKI seatsng from drop4n and inslallation of lo¢ka￿e cabinets within Dropin space for towels and loilelry Ilems Rèdecoration of all 1-1 rooms. dinic and IT suiie with new fflooring and freshly painled wall sections, Fundraising and Incom• G•n•ration 2020-2021 was a challenging yeai lull of uncertainty for the fundraising team at SIFA Fireside. bul lime and time again we have been shown the strength ol our incredible comrnunity who rallied lo support us Ihroughoul. Not only did we surviv8 Ihr¢)ugh the pandemic, but we also ihrivgd. We launched our #SIFASurvives campaign in Apn"l and reeeived support from an amazing host L)f Birmingham celebrities, influencers. org8nisalions, political figures, and businesses. The campaign involved our flagship BIG Brummie Campoul event bringing together hundreds of lamilies across 8im)ingham. The campaign raised more than £50K and received local and national recognity'on lor ils unique and inspiring respMse lo the public health crisis. Likewise we continued to receive a significant amounl OfSu￿Ort from the corporate community and added a further 30 new Corporale partners lo our community of supporter Fdlowing investment in an individual giving administrator were also able 10 9row our individual giving. Despite the pandemic we had an attrilion rate untjer 1Qh and increased our regular giving number5 by 43Y• to a total of 328 indivlduals. We also saw a significant increase in our liusl and foundation fundraising securing over £125K in emergency grants alone. This w8s underpinned by sever81 significant unrestricted granls from key fvnders and funding lor specific projects like c8pilal improvements 10 the building, kilchen equipmenl and staff salaries for speeialisl posts. In the year we submilled 69 applications for support form trusls and foundab'ons. achieving an overall s￿&$$ rate of 439A. Fundralslng regulator SIFA Fireside is registered wth the fundraising regulator. We have had no complaints lo date. There is a policy in place conceming the xceplance and refvsal of donab'ons that incI￿leS a framework for assessing tho glhical implications of a range of income coming into the charity. Volunteering Over the past year we have been supporte(J by our wonderful CO￿ team of around 18 volunteers. After Ihg initial Lockdown in 2020, we welcomed back the team ofregular volunteer5 In June and since then they have supported our drop-in ihroughout the various lockdowns and changes in our service On average. volunteers Contribute up lo 290 hours per month ol their lime which amounts lo almost 3.500 hour5 in the past year. Our volunteers have had lo change and adapt iheir roles over 20121 85 our service has adapted throughout the pandern￿. Roles have included.. supporting our kitchen and serving clients with home cooked food each day,. helping sort out our donations of fo¢xJ and clothing and equally helping to organise our food and clothing slores," keeping our drop-in clean with additional cleaning at weekends.. Cfealing fo￿ parcels for our clients as w811 as hèlping lo sort our excess food lo support olher organisations and food banks. Whatever we've asked of them. our volunleer5 have risen to the challenge, from painting oui new staff room to archiving our photos and inlormatir)n. In 21122 our focus will be lo extend our experienced volunteer's roks to support our staff and clienls across our drop-in services as well as in the community. Our busy corporate volunteering programme was suspended over the year and so we haven't had any group volunteering opportunities, however. we are crea￿.ng a menu of opportunities lo enable our corporate teams lo join us again in the near future. 1115 ove￿e1M1ng that despite a difficult yearfor so many and the challenge5 of the pandemic, our volunteers have remained steadfasl in supporbng us. As soon as they were able lo ￿tUrn a5 we opened our doors in June 2020, our rÈgul8r team were ready tojijmp back into aclion and support SIFA FI￿SIde wth whaiever was needed. Highlights have included our fab moiher and son team who understandably took a step back from volunteering to stay safe and instead began providing a delicious curry every week, delivered to the door in time for lunch. We were also delighted that a mother and daughter gave LJP their weekend lo painl a beautiful fireside mural as part of our celebration of Sislei Sabina's lrfe. We are privileged lo have such dedicated team which enhances everything we are able to do for our clienis. Page 9 SIFA FIRESIDE IA ¢ompany limited by guarantee) REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 Financial Review In summary. our total Income of £1,646.84012020" £1.185.8591 was applied to fund total expenditure of £1, 166,30212020.. £1,035,986) which resulted in a surplus for the year 01 £480.53812020' £149.8731. 01 this £1.054.06412020". £954,039) was expended in furtherance of our charitable activities with £112.23812020. £81.9471 used In raising funds. In other words. out of every £1 given lo the charity. 90p Is used in Ivrtherance of our charitable Oty'ec￿.ves. Investment Policy Apart from airning lo relain a prudent amount in reserves each year rrK)St of the charity's funds are spent in the short temi so there are few ftjnds for long term investment. Having considered the opbons available. the Trustees decided to maintain o deposit accounts wlh CAF Bank. The first depY)sit aceounl receives all Income from funding sources and feed5 the current account. and the second depO￿t accounl retains the designated reserves", Ihe current rale of interest is 0.0101.. This policy allows the organisatson easy access to funds whilsl recemng a compebtive interest rate. R•$¢N¢s Pollcy The Trustees have examined the charty's requirements for rese￿eS in 119hl of the main risks lo the organisalion and have established a policy where the unfestr￿ted reserves Inot committed or invested in tangible fixed assets by the Board) are based on the risk ol losing funding ¢al¢ulaled on an annual basis for the P￿viouS five years115-16- 19-201, Therefore our reserves target lor 2020121 is £138,218. As al 31 March 2021. unrestricied 8nd unde5ignated funds not ￿presented by fixed assets were circa £7￿,000. Plans for the futur• During 2021122, our focus will be on ensuring that we are able to recover from the imp8cI of a global p8ndemic and sustain the organisalional growlh that has been experienced. To ¢Jo this. we will be locusing on ensuring that our servi¢e delivery offer is robust and has the capacity to meet the increasing demand that we expect to See on our services. We plan lo continue lo develop our s18ff internally arKI create a strong leadefship function that will underpin the organisation in the long term. We will strengthen our olfer to clients In the areas of move on, employment and tenancy sustsinmènl as well as continuing to develop pathways for the most overlooked and marginalised groups that experience or are at risk of homelessness. We have identified these groups as women, migrants and indiwduals who have been exploited. Page 10 SIFA FIRESIDE IA company limited by guarantee) REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 Trustees. responsibillties statement The Iruslees (who are also directors ol SIFA Fireside lor the purposes of company lawl are responsible lor preparing the Tfuslees, Annual Report and the financial statemen15 in accordance applicable law and United Kingdom Accounting Standard5 Iunited Kingdom Generally Accepted Accounting Pracb"cel. Company law requires the Iruslees to prepare financial stslements lor each financial year. which give a Ime and lair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitabl¢ Company for that period. In preparing these financial statements, the trustees are required to.. select suitable acLounting policies and then apply them consistenly., observe th8 ni8thods and principles in Ihe Charities SORP IFRS 1021.. make judg@ments and eslim8tes that a￿ reasonable 8nd prudent". stale whether applicable UK Accounting Standards have been followed, subject to any material departvres disclosed and explained in Ihe financial stalemenis., prepare the fin8naal stsiements on the going concem basis unless il is inappropriate lo presume Ihal the charitable company will continue in operation. The Irusle&s are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any tlme the financial position of the charitable company and enable them lo ensure Ihal the financial slalemenls eomply with the Companies Acl 2008 They are also responyble for safeguardin9 the assels of Ihe charitable company and hence lor taking r&asonable steps for the prevèntion and deiecbon ol fraud and other irregularities. In so far as the trustees are aware.. there is no relevant audit infomalion ofwhth the eharilable company 8 auditor is unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit inforrnation and lo oslablish that the auditor is avr4re ol Ihat infornialion. The trustees are responsible for the maintenance and integrity of Ihe corporate and financial Inlorrnation included on the charitable company's website. Legislation in the Unrted Kingdom govemin9 the preparation and dissemination ol financial Sialemenls may differ from legislation in other jtjrisdictions. The auditor, Cooper Pafry Group Limited, will be proposed for reapFointment in accordance with section 485 01 the Companies Act 2006. Small Company ProvSslons In preparing this rep￿, the Iruslees have tsken advantage of the small company exemptions provided by sèction 41 SA of the Companies Act 2006. Signed on behalf of the Board on 24 S&ptember 2021 Carole Wildman Chair Martin Molloy Secretary Page11 SIFA FIRESIDE (A ¢ompany limited by guarantee} INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SIFA FIRESIDE Opinlon We have audited the financial 51alement5 of SIFA FiresKJe Ilhe 'charilable ctynpany'l for the year ended 31 March 2021 vthich comprise of the slaternent ol financial activities, balance sheet. cash flow 5taiemenl and notès lo the finan¢i81 statements, including a summary of significant accounb.ng policies. The financial reporting framework that has been applied in their p￿paration 1s applicable law and Unrted Kingdom Accounting Standards. Including FRS 102"The Financial Reporting Standard applicable in the UK and Republic ol Ireland" Iuniled Kingdom Generally Accepted A¢¢ounting Pra¢ticel. In Dur opinion the financial statements.. give a true and fair view of Ihe stale of Ihe charitable company s affairs as al 31 March 2021, and of its incoming resources and application ol resources. including its income and expenditu￿. for the year then ended.. have been properly prepared in accoidance wlh United lth"ngdom Generally Accepted Accounting Practice., and have been prepared in accordance wth Ihe requirements ol the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance wth International Siandards on Auditing IUKI IISAS IUKII and applicable law. Our respon51bililies under those standards arè fijrther described In the Auditor's responsibilities lor the audil of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevanl to our audit of the financial stslements In Ihe UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilitses in accordance with these reqU1￿MentS. We believe that Ihe audit evidence we have obtained is sufficient and appropriate lo provide a ba￿$ for our O￿niOn. Concluslons relatlng to going ¢on¢orn In auditing Ihe financial slalemenls. we have concluded Ihal the Iruslees. use of the going ¢oncem basis of a¢¢ounling in the preparation of the finanrjal Statements is appfopriale. Based on Ihg work we have performod, we have nol idenlified any material uncertainknes relating to events or condilions that, individually or cglleclively, may casl significant doubl on the charitable ¢ompany s ability lo continue as a going concern for a period ol al least 12 monlhs from when the financial statements afe aulhorised for issue. Our responsibilities and Ihe respon5ibilitses of Ihe Irustees with respect to going concern are described in the relevant sections of Ihis report. Other Infomatlon The Iruslees are responsible lor the Olher inlomation. The olherinformalion comprises the infomiation included in the ￿pOrt of the Iruslees, other than the financial slalemenls and our auditor s report Ihereon Our opinion on the financial slalements does not cover the other information and. except to the exlenl otherwise explicitly stated in our report, we do not expi8SS any form DI assurance conclusion thereon. In connection with our 8udil of the financi81 stalemenls. our ￿SponsIbl11ty is lo read the other infomiation and, in doing so, onsider whether Ihe other inlormaliofi is materially incon515tenl with the financial 51alemenls or our knowl&dge obtained in the audit Dr Otherwise appears lo be rnaterially missiated. If we hlentify such material inconsistencies or apparent material misslalements, we are required lo delemiine whethef ihere is a material misstalement in the financial 5latemenls or a material misstatement of the other information. If, based on the work w& have performed. we conclude that there is a material misstatement of thi5 other infomiabon. we are required lo report that fact. We have nothing lo report in thi5 regard. Page 12 SIFA FIRESIDE IA company limited by guarantee} INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SIFA FIRESIDE {continuedl Oplnions on matter5 prescribed by tho Companies Act 2006 In our opinion, based on the work undertaken in the course ol the audit". the information given in the report ol the trustees Iin¢orporating Ihe directors, report) for the financial year for which the financial statements are prepared is consislenl wth the financial statements.. and the Iruslees, report has b9en pr&paied in accordance with applicable legal requirements. Matters on whlch w• art required to report by oxcoption In the light ol our knowledge and understanding ol the charitable company and ils environment obtained in the course of the aud11, we have not identified malerial misstalemenls In the truslees. r8PQrt. We have nothing to report in respect of the followng matters in relatson lo which the CoMpan￿S Act 2006 requires us to report to you If, in our opinion.. adequate accounting record$ have not been kepL ty ￿turnS adequate f¢X our audit have not been reeeived from branches not visited by us". or the financial statements are not in agreement with the accounting recofds and retums,. or certain disclosures tsf Iruslees. remuneration specified by law are not made. or we have not received all the inlomation and explanations we require for our audit,. or the Iruslees We￿ not enlilled lo prepare the financKal slalemenls in accordance with the small eompanies. rggime and lake advantage ol Ihe small eomponies. exemptions in preparing the Report ol the Trustees and from the requirement lo prepare a strategic re￿t. R8sponslbllltles of tru$t•OS As explained more fully in the Iruslees. respon51bilrties statement set out on page 11, the Irusiees (who are also the directors ol the charitable company lor the purposes of company lawl are ￿sponsible lor the preparation of the financial slalemenls and lor being sabsfied that they give a true and fair view. and lor such internal control as the trustees delemine is necessary lo enable Ihe preparation ol financial slalements ihai are free from fflatarial misstalemenl. whether due to traud or error. In preparing the financial slalemenls, the Iruslees are responsible for as$es$ing the chafi(able company's ability lo continue as a going con¢ern. disdosing, as applicable, mallers related lo going eoncem and using Ihe going concem basis of ccounling unless the injslees either inlend lo liquidate the charitable cornpany or to ceaso operations, or have no realistic altemative to do so. Audltor's responsibillties lor the audit of the financial Statgmonts ¢)Jr oty'ectNes are to obw reasonable aswK* 8bwt the fmarwl ststemenfs as a vknole are free from material misstat8ment. whether due lo fraud or errcrf. and to wue an a￿lA¢￿S Ihat includes OL¥ cpinKJn. Reasonable assuratK& is a high level of assurance, tyjl is Th)t a g￿￿tee that an aLM1it (￿d￿ted in wth ISAS IUKI wll a￿ayS detect a materi81 misstatement w￿n it exsts. th'sstatements frcx)) fraud u er￿ are Cor￿Idered material rf. indNidu81ty or in the aggregate, they cr￿d reason*fy k exFecteJ to the of users ts*¢n ￿ the basis of these financAal statements. Irregularitses, indud1r￿ fra￿, are instances of [K￿-c(Mn￿￿IarKe with and regulal'cfis. We design twdures in line wth our resp)nsibilitEs, ￿j￿Ined atrx)ve, to detect ￿aterial M￿SIaternerts in of wregularities. i￿￿lding fraud. The specffic procedures fc( th￿ engagement the extent to th these *e capable of de￿ting irreguL4n'ties. indvding fraud detailed bek)w.' Our assessment f¢JoJssed on key and reguL4ti(ms tr* Clw"taLAe Compary has to Cr￿￿Y areas of the financial statements we assessed as beir¥J m￿e Suscepb.b￿ to misstaiemenL These key and regulab'ons w￿l￿Jed but were not limited to Compliar￿ with the CDmpanies Act 2006. Charities Act 2011. Charities (Protection and Social Investmenll Act 2016, taxation legislation, dal8 protection, ants"_bn"bery and employment legislation. Page 13 SIFA FIRESIDE IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEM8ERS OF SIFA FIRESIDE Icontinuodl Auditor'5 responsibilities lor the audit of the financial stst•m•nts (continuèd) We are not responsible for preventing irregularities. Our approach to detecting irregularities induded. bul was not limited lo, the following". obtaining an understsnding of the legal and regulatory framework applicable lo the Charitable Company and how the Charitsble Company is complying with that framework. including agreement of financial statement dis¢losures lo undedying documentation and other ewdence., obtaining an understandin9 of the Charitable Company's control enwronmenl and how the Charitable Company has applied r@18v3nl control procedures. through discussions wih Tru5tee5 and other management and by performing walklhrough testing over key areas,. obtaining an understanding of the Charitable Company's risk assessmgnt Pr￿esS. including Ihg risk of fraud." reviewing meeting minutes of those charged with governance throughout Ihe year: and performing audit testing to address the risk of management override of controls. induding testing journal entries and other adjuslmenls lor appropriateness, evaluating Ihe business rationale of significant transactions OLJlside the normal course of business and reviewng accounting estimates lor bias. Whilst considefing how our audit work addressed the detection of Irregularitie5, we also considered the likelihood of detection based on our approach. Irregularities arising from Iraud are inherenlly more difficult lo del8cl than those arising from error. Because ol the inherent limilalitMs of an audit. there is 8 risk that we will not detect all irre9ularities, including those18ading to a materi81 misst81emenl In the financial statements or non.cornpliance wth regulation. This risk increases the more that compliance with a law or regulation is removed frorn the events and transactions reflecied in the financial statements, as we will be less likely to become aware ol instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. ai fraud involves intentional concealment, forgery, collusion. omission or misrepresentation. A further description of our fesponsibililies is availab￿ on the FinancHI Reporting Council's website at.. www.lrc.org.u￿8udil0fSresptsnSIb1IItIe$. Thi5 description l¢)mis part of our audrtor's report. Uso of our r•port This report is made solety lo the charitable company's members. as a body, in accordance with Chapter 3 of Part 1 S ol the Companies Acl 2006. Our audit work has been undertaken so Ihat we might slate to Ihe charrtable company's members those matters we are required lo slate to them in an auditor's report and for no other purpose. To the fullast extent perTnilled by law, we do not accept or assume responsibility lo anyone other than the Charitable company and the charitable company's members as a body, for our audit work. lor this report. or the opinions we have formed. Glen Bott FCA Senior Statutory Auditor for and on behalf of: Cooper Parry Group Limited Chartered Accountants SlalLJlory Auditor One Central Boulevard Blythe Valley Park Solihull West Midlands 890 8BG Dale.. 16 November 2021 Pagè 14 SIFA FIRESIDE IA company Ixmited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021 lincofporating the income and oxpendilure account 2021 TOTAL FUNDS 2020 TOTAL FUNDS Unrestricted Restricted Funds Funds Note Income from.. Donations 584.586 487,023 Ch8rit>ble activit￿S Grants and contracts 47.376 1,014.620 1,061,996 1,185.859 Investments- Inleresl Teceived 258 258 486 Total incom¢ 632.220 1.014,620 1,646,840 1,185,859 Expenditur• on: Co$is ol raising funds 112.238 112,238 81,947 Charitable octivilies 80.003 974,061 1,054,064 954,039 Total •xponditur• 192.241 974.061 1.166,302 1.035.986 N•t Income before transfers lor lh• y•ar 439.979 40,559 480.S38 149,873 Gross transfers betr4een fund$ 15 18.2691 8,269 N•t mov•m¢nt in funds 431,710 48,828 480,538 14Y,873 R•¢onciliation ol funds Total funds broughl I0￿rd 463,998 270.093 734,091 584.218 Total funds Carrlod for*•ard 895,708 318.921 1.214,629 734.091 The slalemenl ol financial actiwties indudes all gains and losses in the year. Al incoming resources and resoLbrces expended denve from contbnuing activities. The notes on page 18 to 31 fomi part of these financial statements. Page 15 SIFA FIRESIDE IA company limitèd by guarantae) COMPANY NUMBER: 03094905 BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Note FIXED ASSETS Tangible assets 343,984 336.730 CURRENT ASSETS Debtors Cash at bank and In hand 10 261,461 807.181 139,953 517,906 1.068.642 657,859 CREDITORS Amounts falling due within one year {184,OC6} 1219,9331 NET CURRENT ASSETS 884,636 437,926 TOTAL ASSETS LESS CURRENT LIABILITIES 1.228.620 774,656 CREDITORS.. Amounts falllng du4 aft•r one year 11a {13,9911 140,5651 NET ASSETS 1,214,629 734,091 FUNDS UNRESTRICTED FUNDS 14 895.708 463.998 RESTRICTED FUNDS 318,921 270,093 TOTAL FUNDS 16 1,214.629 734,091 The finan¢ial slalements hav8 prepa￿d in accordance with the speryal provisions of Part 15 01 the Companies Act 2006 relating lo small companies. The notes on pages 18 to 31 form part of these finanual stalemenls. The financial statements were approved by Ihe Board of Directors on 24 September 2021 and signed on its behalf by.. C Wildman (Chairl Page 16 SIFA FIRESIDE IA company limited by guarantee) STATEMENT OF CASH FLOVIS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Cash flows from operatin9 activities: Net cash from operating a¢tivitros 366,072 205,49g Net Cash from investing activities Interesl receivoé Purch85e ol properly plant and equipment 258 150,4811 486 137,2371 Net cash from Inv•sting activities 150,2231 136,7511 N•t cash from flnanclng activiti•s New loans Loan rep8yments 80,000 112,7021 128,5741 Net cash Irom Inv•sting activiti•s 128,5741 87,298 Net Incr•as• In cash and cash 8quivalont$ 289,275 238,046 Cash and Cash &quival•nts at 1 Aprll 517,9)6 281,860 Cash and Cash •qulvalents at 31 March 807,181 517.906 Roconciliation of nel in¢ome to net cash from operating activltl•s 2021 2020 Net income for the reporting pericd Depreciation charges Interest received Increase in debtors 480.538 43,227 12581 {121,5081 135,9271 149,873 36,477 14861 149,7011 69.336 {DeC￿0$e} I Increase In creditors 366.072 205,499 Page 17 SIFA FIRESIDE IA company limited by guarant••} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 A¢¢ounting poli¢i•$ General information and basis of preparation SIFA Fireside is a ¢hanlable Company in the Vniled Kingdom. In the event ol the charity being wound up, the liability In respect of the gvaranlee is limrted to £10 per member of the charity. The address ol the registered office is given in the charity information on page 1 of these financial siatements. The nature ol the charity'5 ¢peration5 and principal activities are the relief and representalion of persons experiencing rnarginalisation or disadvantage as a result ol homelessness, povety, dependence on alcohol or other drugs or social isolation via the piovision ol services that improve Iheif condition of life and raise awareness of the general public as lo the needs ol such persons. The charity constitutes a public benefit entsty as defined by FRS 102. The financial siatemenls h8ve been prepared in accorrJan¢e with Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable lo charil*s preparing their 8ccount5 in aecordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally Accepted Practice. The fin8ncial stalemenls are prepa￿d on a going concem basis under the historical cost convention. The financial slalemenls are prepared in sierfing which is the functional currency of the charity and roundgd to the neare51 £. The charitable company has taken advantage of ihe option provided in SORP to usg headings in the Slalemenl ol Financial Acbvity that are appl￿ble lo ils opefalions rather than repo￿.ng on an activity b8SIS. The signif￿ant accounting policses applied in the preparats'on of these financial statèments are sel out below. These policies have been c¢)nsistenUy applied lo all years presenleQ unless othe￿1$8 slated. Coronavlrus and golng concem Al the lime of signing these accounts the directors have considerèd Ihe effect of the Coronavirus on the going concem position. and consider Ihal this does indicate ihal the charitable cornpany will continue lo operate for a p¢ri¢xl of al leasl 12 months from Ihe dale of signing these accounls. This is due lo continued commitment from SIFA Fireside's key funders to maintain contract arran9emenls and the additional income that has been generated lo support new initiatives. SIFA Fireside has secured significant additional funding from a range of sources lo enable il lo mainiain its services and mitigale again51 polential losses from elsewhere. though Ihere is 8 high level ol uncertainty about the exlenl and timeframe of the virus on the global economy, the financial forecasts prepared show thai the charity will continue lo operate within the facilit19S available lo it. On that basis, the financial statements have been p￿pared on a going concem basis as the trustees believe that no material uncertainb'es exist. The trustees have conSide￿d the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for ihe charity to be able lo continue a5 a goin9 concern. Funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other PUfP05es. Restricted funds are funds which are to be used in accordan￿ with speufic restrsctions imposed by donors or which have been raised by the charity for parb¢ular purposes. The ¢osl of raising and administering such funds are charged against the specific fvnd. The aim and use of each reslricled fund is sel out in the notes to the financial slalements. Page 18 SIFA FIRESIDE IA ¢ompany limited by gtsaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Income re¢ognition AJI incoming resources ar8 included in the Statement of Financial Aclivib'es ISOFAI when the charity 15 legally enlilled lo the Income after any performance condibons have been met. the amount can be measured reliabty and il is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the selllement dale in writing. If there are conditions attsched lo the donabon and this requires a level ol performance before enlillement can be oblained. then income is deferred unts'l Ihose conditsons are lully met or the ILJlfilmenl ol those conditions is ￿￿thin the control of the charity and it is probable that they will be fulfilled. No amount is included in the financial statements for volunteer time in line with the SORP. The charity ￿ceiVe5 various govemmenl grants. Income from government and oiher grants arè recognised al lair value when the charity has enbllemenl after any performance conditions have been met, it 15 probable that the income wll be received and the amount can be measureé reliably. If entitlement is not met, then these arnounls are delerTed. Investment income is earned through holding assels for inveslmenl purposes such as 5Ltrplus funds on bank depo￿1. Interest income is recognised using the effeebve interest method. Expenditure recognitSon Al expenditure is accounted lor on an accruals basis and has been classified under headings that aggregate all costs relaled lo the calewry. Expenditure is recognised where there 15 a legal or constructive obligaty'on lo make payments to third parties, it is probable that the settlement will be required and the amount of the obligat￿n can be measured reliabty. Irrecoverable VAT 15 charged as an expense against the activity for which expenditurg arose. Support costs allocatlon Support costs are those th81 assist the of Ihe charity bul do not directly ￿present charitable activities and include office costs. govemance costs, adminislralive payroll costs. They are incurred direelly in support of expenditure on ihe objects of Ihe charity. Where support Cgsts ¢annol be direclly altnbuted lo particular headings they have been allocated lo cost ol raising fvnds and expenditure on charitable activities on a basis consistent with use of the resources. Premises and other overheads hava been allocated on a perconlage use ol resourees basis. Fund-raising cos15 are those incurred in seeking voluntsry contributions and do not include the costs of disseminating information in support of the charitable acts'vilies. Tangiblo fixed assets Tangible fixed assets are stated at cost lor deemed cosil or valuatlon less accumulated depreciation and accumulated impaimient losses. Cost includes costs direcuy attributable lo making the 8ssei capable ol operating as intended. Depreciation is provided on all tangible fixed asseis, at rales ¢al¢ulaled lo write off the cost, less estimated residual valve. of each asset on a sysiematsc basis over its expected usefvl life as follows.. Improvements lo leasehold propety Fixtures and fitt'ngs Office equipment arKI computers written off over lerm of lease- 25 years 20Ya straight line basis 33 113Va straight line basis Page 19 SIFA FIRESIDE IA ¢ompany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 D•btors and ¢reditors rKoivabl• Debtors and creditors wth no stated interest rale and receivable or payable within one year are recorded al transaction price. Any losses arising from impaimienl a￿ recognised in expenditure. Leases Assets a¢quir&d under finance leases ar8 capitalised and depreciated ovèr the shorter ol the lease term and the expected useful life of the asset. Mtnifflum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effects.ve interest method. The related obligatsons, nel of future fIna￿e charges, are induijed In￿editOrs. Rentals payable and receivable under operatsng leases are charged lo the SOFA on a slraighl line basis over the period C•f the lease. Employee benefrts When employees have rendered Se￿l¢e lo the charity. short-lerm employee benefits lo which the employees are entitled are recognised al the undiscounled amount expected lo be paid in exchange lor Ihaf service. Th$ charity operates a defined Contribution plan for the benefit of its employees. Contributions gre expensed as they beC￿e payable. Tax The charitable company meets the definition of charity ￿￿thin the meanin9 01 schedule 3 of the Charities Ael 2011 and is considefed 10 pass Ihe lests set oul in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition ol a thanlable company for UK corporation tax purposes. Judg•m¢nt$ In applylng 8¢¢ountlng pollcles ond kèy soure•$ ol ostlmatlon un￿rtaInty In preparin9 the financial statements. management is required lo make estimates and assumptions which affect reported income, expenses. assets and disclosure of contingent assets arld liabilities. Use of available inforniation and applicab'on oliudgemenl are inherenl in ihe formation of estimates, together th expectations of future events that are believed lo be reasonable under the circumstances. Actual results in the lulure could differ from such estimates. Managemeni consider there to not be any significant accounting ests"maies orjudgements. Page 20 SIFA FIRESIDE IA company limited by guaranteal NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Donations received Unrestricted Restricted 2021 Total 2020 Total Donations $84.586 584,586 487,023 584,586 584,586 487.023 Of the total donations received of £584,58612020.' £487.0231. £584.58612020." £487,023> related to unreslricled income and £nil12020. £nill related lo resiricted income. 2a Don•tion$ In klnd During 2020121 SIFA Fireside benefited greaty from donations given by supporters, including schools, faith groups, businesses and individuals. Our supporters helped us to continue to offer a vital service to our clients during the pandemic restrictions and the calegories of donations changed in line with our needs during the year. Food donaled was worth about £17.00012020. £33.0001. while loilelrie5 were valued al around £2,00012020 £15.0001 Clothing fjonalions were valued al about £12.000 and we also beneliled from around £12.000 ol PPE items. disposable ealering supplies, cleaning materials and wellbeing aclivitses to directly respond to ihe pandemic. In addition. our volunleers gave an extraordinary 1,490 12020.. 19.700 hours) of their ts'me, with an estimated equivalenl value of £14.155 12020" £183.2101. Unlortunalely we were not able to ulilise our volunteers lime in the same way as in p￿VIouS years due lo the Covid-19 restrictions, however we have adapted our approach in 21122 so that our vdunleers can still have a big impact al SIFA Fireside. Page 21 SIFA FIRESIDE {A company limit•d by guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Incoming resources from charitable a¢tivities- grants and ¢ontra¢ts 2021 Total 2020 Total Unr8stricted R8Strict•d Cor¢ day $ervl¢• Birmingham City Council.. Tackling homelessness & Heallh Inequaliiies 504,891 504.891 273,965 504.891 504.897 273,965 Other Services The 81G Lottery . Changing Lives BCC Housing Options COVID 19 - Govl emergency lunding Henry Smith Irish Govt Dept of Foreign Affairs and Trade ESP Oak Foundation Living Well - M Glass Crisis - In this together BCC - MiFriendly Cities Heart ol England - COVIO Emergency Fund WMCA - LOT B - Women's seryice WMCA . LOT C . Legal advice EEA Clients WMCA- LOT D- Spot Purchase Edward Cadbury Charitable Trust National Lottery Community Fund - Financial Acc Home Office EUSS Grant Homeless Transitson Worker Lloyd5 TS8 Foundation For England And Wales BCSP-OUI of the Woodwork Project Oak Philanthropy ST Martin in the field Birrningham Community Safety Partnership CRI- Room Use Shelter Umbrella Contra Nationwide Community Grant Change Into Actson Garfield Weston Social Enterprise Grant Heart of England Community Foundation Other Income 130,088 130.088 126,673 78,618 78.618 75,000 75.000 60,000 60.000 14,500 14.500 43.616 43,616 4,500 4,500 4,993 2,250 3,000 8,050 12.090 9.650 20,000 29,311 12,532 17,762 60,000 14,825 4,993 2,250 3.000 8,050 12,090 9.650 29,311 12,532 17,762 12.500 3,042 15.128 776 1,333 25.000 23.838 8,064 10.112 8,964 85.000 20.000 9.330 950 1.421 1,421 13,062 13,062 15.712 15.712 47,376 509,729 557.105 424,385 Total grants and contracts income 47.376 1.014,620 1.061.996 698,350 Of the to￿1 grants and contracts received of £1,C61.99612020." £698.3501. £47,37612020.. £170,WOI reLated lo unrestricted income and £1,014,620 (2020". £528,350) related to restricled income. Page 22 SIFA FIRESIDE IA company limited by guarant•¢l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Inv•stments- intorest received 2021 Total 2020 Total Unrestricted Restricted 8ank interest receiv8d 258 258 486 258 258 Analysis of exp•ndltur• on charltable xtiviti•s 2021 Total 2020 Total Dire￿ costs of charitablo a¢livltl Staff costs Recruitment Travel Drop-ln activities Client activities 399.865 363.687 3,939 2,875 201 1,452 4,066 12.490 43,059 55,768 Total direcl cos15 451,130 436,272 Support costs allocat•d to ¢harttabl• activiti•s Premises Staff costs Postage, telephone and ststsonery Consultaney Depreciation Insurance Bank charges Staff training Sundry expenses Gifts in Kind 72.376 73.307 284,263 198,622 13.619 8,608 29,205 25.979 43.227 36,477 10,260 7.015 235 198 11,438 9.503 38.071 37,149 63,622 84,010 Total support costs 566.316 480,868 Governanc• costs Siaff costs Auditor's remuneration Auditor's remunefation under accrual pr￿r year Other 28.218 7,750 28,288 7,000 1,400 211 650 Total govemance costs 36,618 36,899 Total expenditure on charitable aclivities 1,054,064 954,039 Of the lolal expendrture of £1.054,06412020' £954.0391. £80.00312020." £247.1871 ￿lated lo unrestricted funds and £974.061 12020." £706,852) relaled lo restricted funds. Page 23 SIFA FIRESIDE {A ¢ompany limited by guarantèè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Costs of raising funds 2021 Totsl 2020 Total Staff costs Events expenditure Marketing and fundraising 105.230 78,099 91 3,757 7.008 Total costs ol raising fijnds 112,238 81,947 Net incoming resources for the year The nel incoming resources are stated after charging: 2021 2020 Depreciation of owned assets Auditor's remuneration Operating leases - land and bjildings 43,227 7,750 42,OlXI 36.477 8.400 42.000 St•ff Costs 2021 2020 Wages and salaries Social security costs Pension costs 654,610 57.814 16,023 559,777 47,377 13,639 Total Staff costs 728,447 668,e96 Contractor costs 89,129 47,903 817.576 668,696 No employee received emoluments of more than £60.¢)00. The 8verage number of employees during the year was as fdlows: 2021 Number 2020 Number Core day services Changing Lives BIG Lottery Management and administration Lead workers Other Service5 13 10 29 25 Total remuneration f￿1Vable by key management personnel was £236,61612020.' £185,097). Key managemenl personnel are Set out in the Report of the Directors and Trustees. Page 24 SIFA FIRESIDE IA company limitèd by guarantee) NOTES TO THE F114ANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Staff Costs leontinu¢dl Employ¢0 Bènefrts The Charitable company offers the followng employee benefits: Conlribulory Pension Scheme with a maxlmum contn'bution of 3Q/¢. Cycle Scherne that gives ernployees the opportunity to purchase a bbcycle through a salary sacTifice scheme with the assttialed lax benefits. KiddiVDuchers Scheme that gives employees the opportunity to purchase childcare through a salary Sacrifice scheme with assoualed lax benefits. Directors. and Trustees. rtmuneratlon and rèlated party transactions No trusl99 received any remunerab.on or benefits during the year12020- None). No trustee received travelling expenses ¢Juring the year12020- None). No amounts were oulslanding lo any tnjstee at the end of the year {2020 - None). No trustee or other person ￿lated lo the charity had any personal inlere$l in any contract or Iransacbon entered into by the Charity during Ihe yeaf12020- Nonel. Page 25 SIFA FIRESIDE IA ¢ompany limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FIXED ASSETS Improvements lo leasehold property Fixtures litting5 and equipment Total COST Al 1 April 2020 Additions Disposals 449.507 199.433 50,481 172.7101 648,940 50,481 172.7101 At 31 March 2021 449.507 177,204 626,711 ACCUMULATED DEPRECIATION At 1 April 2020 Charge for the year Elimination on Disposal 161.820 17.980 150.390 25,247 172.7101 312,210 43,227 172.7101 Al 31 March 2021 179,800 102.927 282,727 NET BOOK VALUE Al 31 March 2021 269,707 74,277 343.984 Al 31 March 2020 287,687 49,043 336,730 10 DEBTORS: amounts falling due within one year 2021 2020 Traée debtors Other debtor5 Prepayments and accrued income 142.284 2,000 117,177 33,231 2,000 104,722 Total debtor amounts falling due wthin one year 261,461 139,953 Page 26 SIFA FIRESIDE IA ¢ompany limited by 9varantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 11 CREDITORS.. amounls lalling due within one year 2021 2020 Trade creditors Accruals and other ¢￿dItorS Deferred income Social Enterprise Loan Taxation and social security 43.347 52,685 45,026 26,733 16.215 45.127 95.275 47,882 26,733 4,916 Total creditor amoun15 falling due wthin one year 184.006 219,933 11a CREDITORS.. amount lalllng due after on• y•ar Social Enterprise Loan 13.991 40,565 Total creditor amounts falling due within one year 13,991 40,565 The loan is unsecured and bears interest rate al 8Vo per annum The loan Is repayable on or before the 1 July 2022. 12 Owratlng Leasè CommStm•nts The charitable company has annual commilmenl under non