REGISTERED COMPANY NUMBER.. 030945 (England and Wales) REGISTERED CHARITY NUMBER.. 1049728 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 FOR SIFA FIRESIDE 'ACFGSL15* 0211 Y12023 COIIPANIES HOLISE A11 Prime Chartered AVntsnts Ststutory Auditor Corner Oak 1 Homer Road Solihull B913aG
SIFA FIRESIDE cofrirENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Report ofthe Trust•es 1 to 9 Rep1 ofthe Independent Auditors 10 to 13 Slatsment of Financial Activiti•s 14 Balanc• Sheet 15 Cash Flow Stat•m•nt 16 Notes to the Cash Flow Statement 17 Notes to tho Finxlal Stst•m•nts 18 10 29
SIFA FIRESIOE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 The trustees who are also director5 of the Charity for the purposes of the Companies Act 2CO6. present their report with ihe financial statements of the charity for the year ended 31 March 2023. The trustees have adopted Ihe prowsions ol Accounbng and RePbng by charitS.. Statement of Recommended Pracbce applicaNe to Chariti'es preparing thwr aCCnts in atxordance wih the Finanoal Reporbng Standard applice in the UK and Republic of Ireland (FRS 102} (effective 1 January 20191. OBJECTIVES AM) ACnVmES Principal activity and obj•ct of tho charity The relief of pefsons who are experiencing homdessness, vulneratxlity and soual exdusion by prowding advice, asstanCe. indusv)n, engagement and equal access to seNces for such persons. innuencing the strate9ic devebpment of the homelessness agenda ar edting the general public as to needs of swh persons. Wision SIFA Fireside - a leading charity enabh'ng hoffleles5 aTrJ Vulnerab PIt to take control, p8viThJ Ihe way for heaIth1erfvll1Ing lives. MS$$ton statement Iljr mtssion is to prwde irngusion, erwement and equ81 access to Se$ for those individuals are disadvantaged or experiencing homelessness ar%J to infinCe the strategic devekjpmenl of the homelessness agen(la in local nab"on818renas. Our value$ Dynamic Inclusive - Supportive - Courageous Our alms - supp, devdop arKI celebrate our IrkfOrCe - Grow our IsinesS and influence to irmase our reach arKI impact Public b•nefrt We review our aims, 0.ectiveS and activib'es arwxjalty to eru Ihat thty rain ¢sistenI. in accordance th Charty Commission guidance. and that pL3nned futu acltwties also fil wlhin our staled 8ims and objectsves. Our mil (limited by our objects and fuThJirwJ reqU1Ments) is to wthin &'miingham and Solihull". our ¢ity Cent bcations means that we are geographically aCCessle 8nLI we prowde daily on ae$S 'drop in. sessions which a widefy a(1vesed through our website. leafiets, other agencies and word of mouth. There is no ¢harge for our seNices. The benefits receNed by dients are closely related to our aims,. for example, people a gNen inf(xmatK•n and aEoLrt beneffts and debt and a assisted lo access hostd a¢e$ arKI then to tske on SUSts their own tenancies. To ensu that benefi15 a bJanced against any potential deln.ment or harm we are protective in a&Jressing concems alx)ut public safety and nuisance, meeting regulady with nghbouring businesse5' with local residents and the police and caryng out frequenl litter patrols in Allw St and the surrounding area. Clients a either referred by statutory sermces (Probat, NHS. Birmingham Q"ty Counall or voluntary agencies, or they self-refer, and SIFA Fire&de monitor5 Ihe referrals TeceNed in rdation to age, gender. ethnirjty. disability and housing staius. When indimduals are assessed a deCiSn is mwle as to their level of need and potential lo benefit frorn our semces. The Peentage of Bla¢k oTrJ Minority E¢hn clients seen broadly refiec15 ihe community and we endeavour to meet speofi¢ needs. such as translating seNce infomiation into Polish. While we see a much higher propY)Iton of men than w¢Jnen we a Pfoactsve in highlighting women's needs and in maintsining partnerships that meel these. We a committed to equa access to our seNces and. by wovKhng free practical hdp suth as meals and shower5, encourage peOe in povefty lo engage wlh SIFA Fires¢de. We are o1$0 atle to fijnd travel costs for attendance al some of our programmes. Page 1
SIFAFIRESIDE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IAARCH 2023 STRATEGIC REPORT Achievemgnt and perforniance Review of activities Objecti$ for 2022-23 Strategic Obje¢lives for 2022-2023 - Focus on the effects"veness ar efficiency of our current service delivery modd to ensure we are doing the very best we can within the resources we have. Ensuring a foryJs on evKlenuro outcomes and sharing our aming. - Strengthen our extemal 'voice' aTrJ develop surwrt from partsvs the markeb'ng tools to promote our work. share our successes and 9arner fu1 support. - Review our current HR processes arJ implement a rths( bTrded leaming and development programme for staff and vdunteers. underpinned by appropriate stApeNsion and SUPkX) - Implement. monitor and achieve against a buSiS development strategy that maintains o wder pytfolio of funded and commissioned services and supports a c(we mana9ement Infrastrlure. - Ensure a focus on eMdenar¥J oulcomes and sharing our leamiro. Organisational Developmenl What we achieved In line wilh our strategic am for the year of 5trengtha)ing ow stsff team. v have revievrfed our current HR processes. We h8ve embedded new pfDces5es for rUitment. ortK)arding. induction, probatK)n, supervision, annual appraisals and perfanCe impmemenL We have improved oversight of these processes by introduring monitoring system5 to enswe all HR prctesse5 are fdlowed ¢onstenUy. In line wth our strategic aim of Imnentin9, monitrffing arKI achIen9 across a wide portfdio of Ivled and commioned seM¢es. we have also taken signfficanl steps lo conb.nue lo improve our dats captu and ability to report insightful dats to all of our stskehoklers. Followng lunding from Ihe Oak foundation. we have been able to invest in upgrading our specialisl case management system. a veNon of salesforce promded by Homeless Link CAlled "In4omi-. aThJ have a dedKated ifvhwse In-FfMm expert to prowde bespoke development of Ihe system and training to our teams. This wll enae us trj provide first class service monitoring. rwting and evaluatirm and to use this dats lo intom) fLrture servKe deggn and delivery. Prevention- Adult Support Hub What w• achieved The Adult Suppcrft Hub IASHI c4y)linued to 5WPWt PeOF4e with thr health wembeing in conjunct)n Shelter. promding eady Interventi SUkWOrt lo prevent people falling into crisis. Towards Ihe end of this period the service Undent a transformation %thich meant Ihe work shrfted to ba.ng community-based via an outreach programme, in ordw to t8rgel people before they reached our support service5. Se has increasirWy foeused on heatth and V•Ellbeing oulccrfnes and has wrrated our Finaneial Inclusion sefyice to ensure Ihal this 5uprx)rt is available to those in precarious housing gtuations. Since Iklober 2022 the numbers of peo6Ae rffjuiring this interventson ha5 Steadily risen. results.ng in 6g4 people with a range of concems being supported up until Mar¢ 2023 which is a 362% increase Ihe prewous period. Ri¢hard'$ Story Richard was referred by his mother, Ca rx)nW ASH workers during communty outreath. She believed his physical and mental health was dedining as a Ul1 of his pcn0S living conditions as well as limited contscl and support from his sooal worker. As a resulL Fl¢hard struggled wilh his mental health and had suridal Ihoughts bul dn't fed he rUld crniplain about the la¢k of support from his GP in case he lost his access to care. He felt that Ihi5. ak)ng wth his housing sibjalion conth"buted to hi5 rdapse into hercin use. Page 2
SIFA FIRESIDE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 ASH-Shelter worked wilh a legal housng provider to fijrther the ¢cerSatiOn bets¥een the dient aTrJ his landlord to resolve the accommthlabon issues. The ASH Sem refeJred the dient lo Change Grow Live ICGLI and signposted him tr) Talk To Frank for eMotnal support. Richard fett able to make his W) heard by sutxnilbng a wmplaint about his GP after beiNJ referred to PohWER for alfvY support. Dewte previousty experiencing swal anwety. the dient consequently felt empowwed to 8ttend f8ce4¢>face aw)intments and ngage wth services wittm'n his Ioc81 community, which reduced isolation. '¢h8Kd believed that wthout the support from the ASH. he %xIld llol have felt able to disdose his lapse and take actionable steps to 7ddress his deLgining thsKal and mentsl heaNh. Housing Transitions Ser4ke What w8 achieved Our Houn9 Transitions Sere has continued io ddiver a hKJh quality service to dients placed in exempl aCmMOdatIon wthin the city. They see a 98t deal of dnts vtho present in our SUPFMYt Cent that have an offer of accommodalKJn bul are optin9 to eeP out due to vau5 reasons and a aue lo respond effectively to this aThJ sur4)ort dnts bad( into aw)mmtsJation. The team reiVeS referrals from partners suth as BCC and Spring Housing and can prowde an additional the¢k. which dients find 3$sring rf they have been hchnekss f( some time and are not SU about how to manage Iheir new tenancy. We also encourage and support quality promders Ihat we encounter to sign up and consder the Charter of RKJhts and ()Jality StsrKlards Sidney's Story Sidney had worked as a driver in the UK for last hyo years but had h)st hi5 dcrtuments and. hi5 job. He presented at SIFA Fireside. informing us that he dmdn't Nmsh to go back to his supported accommodation as there wa5 heavy drLJg use by other reydents. Sidney explaned Ihat whenever he In"ed to discuss these is$S th his support worker. nothing was dme to resofve Ihe matter ar his support nethds maIn unmel. Upx)n lurther investwation. Srdnerfs *er th.sed LXK PIw5iry TransIb. worker thal Sidney doe5nl engage in support 5essons, breaks the terms of his tenancy agreemenL and he 15 reluGtsnl lo di5CUS5 his drinknng habits. He was also in Se charge arreaTS of £340. sidrY admitted thal the move on was not happening quIcY enough for him. bLrt he was told that this current arreats situation and active tenancy wtsjldnl alow him to move on. Our Houstng Translron workei discussed Sidney's move on pL4n wilh his supm worker and athised her to discuss with him the responsibilitses of paying the seNce charge and managing money. The support worker was advised to complete a budgeting sheet Sidney and reiterate that once he has deared his arrears, he would be assisted ffinding aIteMab" &commodatron. Sidney agreed to engage.wth his support wcwker and 7•fdS intrOdd lo other Polish clients that regularly presented at SIFA Firegde in order to red isolation. Sidrw was also informed that rf visiting CGL was intimidating, that we had a CGL worker wsil the Support Centre ore day a week where he coukl work on his relatsonship wrth alcohol. Homele$$ Intervention {FKA Crisls) What we achieved Betsveen April 2022 and March 2023. we bthed with 2.880 people. with dients coming in for a range of crisis support which was a ygnifiGant increase on the previou5 year. Thi5 was due to the increasing after-effecls of the pandemic as well as the beginning of the Cost of kn.mng crisis. vknich meant rnY dients were presenting th a wde range of needs that we tre 5trugglir4J to meet. Page 3
SIFA FIRESIDE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Fofiowing a period of consultalion dients and stsff that began in November. we undeent a remodel of our Support Centre ddivery and function$ whith hdped to shrft Ihe tcojs and improve the quality of the support we are able to offer our most vulneratAe dils. This included focusffy on dients were rough sleeping and were his1CallY reluctant to come into SIFA Firesth. We also built on our parthe(shps wth heath excharvJe. DWP, BCC. CGL and Ihe H05pice Charity lo off them a wde range of onsite access lo address thar psenty'n9 need Iluth.ng physi¢21 and mentsl health. benefit issues, substance use. accommodatffi and trauma. Our Homeless Interventi service continues to prowde this safety nel in the city as a prxt of call for people firvj themsdves at sIS poinL Carmen's Story Camien had been in a pattem of moving from one shad house to arK)ther. due to complKabons wlh her mental health and nflICt Trmth other tenants. After obtainin9 her council propety. it was compromised by an abusive ex-pther 8nd as a res. was being us811 by wuatters. Cring her triage. we disujssed that &"miroham Cty Counol's Housing Options Team VAII likely accommodate her in a shared house, vthich would not only be unsuitsble. but V•f)uld knkety be Trthth otsr men. Through this discJJssion il became dear that Camien's current partnw was also abugve. After exhausting olher opiKJns. members of the Homeless Interventi leam contacted The Wave. %tho agreed to complete an assessment over the plY)ne Nmth Camien. who was then inwted to Mew a propety, but failed to make her own way there. Followng another call The Wave to explain Ihe situab'on, arther viwThJ was affanged at a different property. This time, to ensu Ihe dient managed to attend the viffiying and could cOmfortaY engage, fy• members of SIFA Firede staff attended. Athough Camien did not feel ready for the property yet, Carmen told us','No ore else is helpiTrJ me. You are the ClY ones that are actualty helping me." Racovory What achleved (Jjr Recovery seNces Continued to support peWe to move away from servKes and develop Ihe thll$ and nerkS to flourish in Iheir communthes. This year was partrcularfy challenging lor our EU Settkment Sd)eme SUPFKSrt seNce. We saw a steady stream of vulnerable dients were unatAe to nawgate the complex processes independently and often struggled to prowde the necessary evwjence to valide their ststus. As a SuIL we supported 177 dients at various stages of the process and this induded 77 new atplication5. Wilhixrt thts prOMon, they would have been unable to CesS the process and would thweby forced to cJ)ntinue rough sleeping. Our dedicated Central Easlem European workw also athJrfion81 case work the many dients we see who preser¢l to us with lan9uage barriers. phygcèl health. subslanee use. bwvemenl and other needs so that they Can Tr¢eive some targeted support Nthile they engaged with the often lengthy. EUSS proce55. Our Step Ahead programme ran unlil DecAmber 2022 arKI wovitled ch.ents wth opporturrilies to access worf(, training and le8ming to supwt them in their move away from homdessnes5. Our Community Engagement worker supported client5 to access and make use of community assets to buld ne1w0S of supwt essenth'al to improve their wellbeing and support Ihem in irthpendent living. OUT Molem Day Savery Lead Worker continued to see a b4el of ptatiOnS in our Support Centre, ranging from victims of modem day a¥ery, trafficking, labour ewottation and various other issues. Extensve training was delivered to the team to raise awaneSS 8ThJ oudine Kxocesses: as a $Il see an In¢ased disclosure and staff are rne u>nfKlenl in the processes qUired lo adequately SLtpport these wjlnerable in(vi(kJals. Page 4
SIFA FIRESIDE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Over Ihe last year we also delivered a wde variety of recovery and ski115-bas&J workshops indudwbg C"ng. IT. music. art and Geese Theatre thshops, all of vthich were received by clients. We are continuing lo develop Ihese and have many more 9al things planned for next year. Fundraising and volunt•erirvJ Raising awareness of the work we doirJ is hugely imFKMtsnt to us. 8eirvJ a small team. we're graleful f offeTS of suprxyt we secLwe from our exten&ve pwl of ¢0m)rate partners which includes strate9y planning. marketing. legal advice. printing. training. coaching. thertisiro spxe and other pro bono expertise. The use of effective communi¢atson is key to ensure that we retsin don¢ys as well as engage new ones and our incc¥ne streams femain varied to ensure finala1 sust•"natslty for the (xgantsat]on. Vvhat we achi•vod - 12 new volunteers Ined SIFA Fireside indudirKJ ne4V receptKJn supp)rt and befriending roles. - SIFA Fireside invests in ow vdunleers and they are given tr we opportunitses lor development and training as our staff. Volunteers a regularfy CoMmunle{l vAlh and we activety eOUrage feedback to improve the volunteering programme and the semce promde to our diwts. - A number of volunteers have been Suppted into slaff rdes in cri9S SUPWrt wtmk. community outreach and menlal health navhjation. - We have continued to nurture strory partnwships vAlh corporale organisalions and over the past year appfoximately 50 corporale teams arxl public se¢tor groups have corneted over 1,700 hours of volunteering at SIFA Fireside. - ImplementaliDn of 12R Cc¢Je5 V are at ewts aTrJ asking tM)SPitality partners to put on display as an alternatwe to cdleclion tins. SIFA Fireside has increased wsibility teams attendirvJ fflore events lo spgak about the impact of donations and requesthng donab.ons QR codes. - Chjr regular thnors continue lo receive supporter utJates to keep Ihem eroaged vAth the services. - Open Day invites a re9ulady sent out for new and potential dorS as well as corporate partners. - The webgle has been opb"mised for bolh client and supporter use. Extended use of literare includes our Corporate Menu of Opporttinty. Fundraising al Work pack, Educab"onal Resources for schools and the &'g Brummie campaign. - CRM.. Improved reporb.ng and monitCng Ung Beacon CRM is helpng us to monitor arKI build on donor relationships. - Implementation of volunteer nVers1On L3mwgn Ma the CRM has helped to corwert cowpctste volunteers into financ481 supporters. - Increased level of social media engagement and varied contenL - Increased press contact "s1 and latbonshIpS buitt in this area. - Improved CneiDnS vth Birmingham BIDS to ccffimunicate vthh potential corporate partners. Flnancial roview Financial position In summary. otjr lolal irwme of £1,9.789 {2022." £1.476.1351 Yras apph'ed to fund total expendilure of £1,667,277 12022.. £1,484,501} whKh resulted in a defiut for the year of £97,488 12022.. £8,366) Of Ihis £1.501,5 12022..£1,397,6631 wa5 expended in furtherance of our charitatle acts.wbes meaning that out ol every £1 given lo the ch8rity. p is used in fvrtheran¢e of our tharitse objectives. Trustees planned lo utilise reseNes during the year lo mainlain our semce provision in an uncertain flding pefiod following the unpredictsble econcrfnic condits"on5 created by COVID-19. However. the actual deficit was lower than antscipated, avir a hmjr level of reserve than expected the charity wll contsnue to plan to invest in seNice proViSn. Page 5
SIFA FIRESIDE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 STRATEGIC REPORT Financial review Investment policy Apart from aiming lo retw"n a [dent amount in reserves each year m05t of the charity'5 lunds are Spent in the short lem so there are few fijnds fof long term inveslment Having consklered Ihe optKns available, the Trustees decided to maintain tsvo depo&t accounts CAF Bank. The first depost account receive5 all ir£ome from fundir¥J sources and feeds the currerrt aCnt. and the SeCd deposit account retain5 the de&gnated reserves. the current rale of interest is 1.35%. This pICY albws the organisation easy access lo fvTrJs whilst receiving a competitive nterest r. Reserves policy The Trustees have examined the charity's requirements lor reserves in Ih1 of Ihe main risks to the organi5ation and have established a pdicy vthere the uniesth.cted SerVeS after accDunting for any outstanding debtors and creditOTS are based on three months of budgeted expendiiure plus a rethndancy fvnd and a building fund of £IOOk to cover any emergency repairs shoukl an Insuran dispute or non-insured event arise. Therefore cyjr reserves target for 2022r23 is £516,974. As at 31 March 2023, th8 reserve5 balance after accounbng for outstandiThJ debt5 aThJ cTrdrtors is £765.0. Future plans During 2023124, OUT foojs will be on growng OLK serye delrwery to fLKUS on prevents.ng homelessne55 and rough eepIng in Birmingham. Data colleetK)n an¢J anaW's V•yII continue to be key to bolh improving and demonstr*'ng our impacL We will use our leaming alongsKle the vcAce of lived experwr2 to kol and nati1 policy, str81egy and commissioning. We wll wew our performarKe against our Strategic aims and work al SIFA Fireside stakeholder5 to sel a new three-year stralegy induding a refreshed ¥7sion and missim. STRUCTURE. GOVERNANCE AND klANAGEMENT Goveming document The charity is controlled by its goveming docJJmenL a deed ol trust. and constitutes a limited company. limited by guarantee, as defined by the Companies Acl 2006. Recruitment and appointment of new dire¢t¢rs and trustees The ¢j1clorS and trustees a appointed acccrding to the rules detaId in the Memorandum and Arts"des of A5s0ciati'on of SIFA Fireside. When new trustees are SOLMJhl the board aThJ management will aclivety seek pOtents" recruits from wthin local netwoths arKJ also c£)nsider recsuitsnent an advertisement in local media ancl voluntary sector UMblIa organisab"ons. ensuring Ihat the board preSentS the WKiest POsSie range of eommunibes 8nd interest gToups, including SIFA Firesde's volunteers and dients. Polefitial carKlidates for apw'ntment are initrdlly interviewed by the chair and 1hen presented to Ihe full board for Ihe deasion to appoint. New trustees can be co-opted onto Ihe board in pericés bet¥ AGMS aTrJ are then presented to members for elec1ion at the next AGM. The trustee in¢thJctrcffl Process is joinlly led by Ihe chair of trustees the Chief Executive and includes an troducts'on to the structures and govemance of SIFA Filde, an operational ovuwew of Servi delivery. site vi&is, awareness training and detailed reading of pcAicies and procedures. Following appcrfntmenl. new trustees sign a confidentiality agreement and a nflIct of interest declaratyon. Organisational structurn SIFA Fireside is led by a Chief Exe¢ts¥e %¥tho reFrfs dwecty to the board of trustees. The Chief Execub've is responsible for the day lo day running of the tharity 7Mth support frcAn a management le that eon&sts of.. ChEf Opefaling Offer Head of Fundraising. Communicabons and Vdunteering Page 6
SIFA FIRESIDE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 STRUCTURE. GOVERNANCE AND klANAGEMENT Decision making The board of trustee5 meets every months lo make deasions informed by presentab'on and discuSsnS with Ihe Chief ExeoJtTrve and members of the mana9ement team. The types of matters reserved for the Board include the approval of the budget and Ihe Annual Rewi Acwjnts and ratrfication of the business plan. significant Capital expenditu and Ihe thantys lries. The board is also reSponSe for long-term financial and strategic planning and for governan. while the managemer41 team tskes operational ¢jiston$. In beeen form31 board meetings, the truslees meet lo wew speufic a$ of OFeration in depth through stru¢Ted workshops Ih81 a also attended by Ihe leaderthp of Ihe (tsrity. The board ddegate the daity operational responsts.lity to the Chief Exeeutrve supported by tre management team. The Chief Executive is respe for ensuring Ih81 Ihe charity delivws a service in accordance wlh its Objects and Mission statement. that key performaThx Ili¢s1Or$ are met. aThJ for balancing the effective management ol resources with creative devebwent that keeps the interests of clients al its he8rt. The day to day management of the seri¢e including Staff m8n8gemenl is the re5$11%11ty of the management team. The chair and Chief Executive meet on a regular ba51S to maintain inform3tr)n fl¢)w and the managemènt le8m meets at least veY to ensu stra rdevarnx operab.onal efftiVeneSs and to provide consultats.ve struthires Mthin the Organisati. SIFA Fireside has polirie5 and procedur8$ in place th desuibe key fin8rKi81 respongbilitw and Ihe agreed a8$ of delegath'on from trustee board to managemeni. The CCX) take5 responsibility for overseeing account ¢oncilTrabon aThJ reports dire( to the Board on the Manag)ent accoLffits and budgetary m8ttefS. Key rnanagemont rernuneration Total femunerabon received by key management Fer was £210,888 (2022.. £210.8921. Risk management and quality standards It is the charity's policy lo have a risk managemeni framewo - Atternpts lo identify, assess and manage SIFA Fireside's risks - Supports SIFA Fireside's strdtegi¢ plan - Assigns clear responsibilib.es for risk manJement - M¢Jnitors and tr%ks progress on managng risk There are currentty 14 risks on the Organisab.al risk regisler bthich are leed and scOd quarterly by the Senior Leadership Team. Board of Tnjslees rewews the risk register ar the CEO updates the board atxxrt any chare$. REFERENCE AND ADMINISTRATIVE DETAILS R•gistered Company number 03094905 {England and wes) Registered Charity number 1049728 Registered offKe 48-52 Akock Street Birmingham 89 4DY Page 7
SIFA FIRESIDE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Trustees GJBale M L Chidgey Ms C Groom {apwnted 20110r22} D J Ollier S B Partridge (appointed 211Tf22} Ms H A Pyke lapp(xnted 29191221 Ms A A Richaids (appointed 2919r221 Mrs C D Wildman F R Battye (resigned 916r231 Ms M J Springer Iresigned 11111r221 Company Secretary M Mdloy AUdItS Prime Charted A)untants Statutory Auditc Comer Oak 1 Homer Road Solihull B97 3QG STATEMENT OF TRUSTEES. RESPONSIBILMES The trustees (who are also ihe directots of SIFA FiresKle for the purposes of company lawl are responsible for preparing the Report of Ihe Trustees and the financial statements in accordance wih applicakAe law 8nd United Kingdun Accounts"ng Stsndards (United lQ"ngdom Generally Accepted AccoLtnb'ng Praclicel. Company law requires the trustees to Prepare financaal statements for finla1 year which gNe a le and tsir view of1he state of affairs of the Charitab eompany and of the irLming resources and application of resources, induding the income and expendibjre, of the Charitse coMY for that In Prewing those finanoal statements. the trustees are required lo select suitsble accountirvJ poli¢ies arKI then appty them conSten. ObSee the methods and prinCipS in the Charity SORP- make judgements and estimates Ihat are aSonable and prudent stale whether applicable 8txountin9 stsndards have been fdlowed, sut¥'ecl to any material departUS disdosed and ewained in the finanaal statements.. prepare the ffinancial ststements on the gng conr£m basis unle55 It is Inap[prI8le to presume that the charitable company Contin in busness. The trustees a responsble for keeping Proper accounting records %thith disclose wth reasonable accuracy al 8ny time the financial position of Ihe charitsble wmparw and to en8ble lhn to ensure that the financial statements comply the Companies Acl 2DJ6. They are aLso respon&bJe for safeguarding the assets of the charitable company and hen for tthr4J reasonable steps for the preventicffi and detection of fraud and olher irre9ularib"es. In so far a5 the trustees are aware". there is no relevant audit information of the Charitsb company's audiloTS are unaware., and the trustees have tsken all steps that they ought to have tsken to make themselves wdre of any relevant av(I'l infomiatim and to estsl$h Ihal the 8udilcYs a avrdre of that infom8ti0n. AUDITORS The audrtors, Pn"me, will be pffjrA)sed for rappoIntment at the forthcg)m*wJ Annual General Meekng. Page 8
SIFA FIRESIDE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Report of the injstees. ineorroratin strategic report, approved by order of the board of trustees, as the company directors. on ............................................. and sgned on the board's behalf by.. C Lvi(kntr- Mts C D Wildman- Trusiee Page 9
REPORT OF THE INOEPENDEKf AUDITORS TO THE MEMBERS OF SIFA FIRESIDE Opinion We have audited Ihe finan(ial statements of SIFA Fireside (the 'Charrtab company'l for the year ended 31 March 2023 whith comprise the Staternenl of Financial tivrt. the Balance Sheet. Cash Aow Slalemenl and notes lo the finanual ststements. induding a summary of significant accounting policies. The financial reporting framework that has been appld in their preparatK)n is aKWicaNe law and United lfjngdom Accounting StsThJards (United Kin1 Gerralfy Ac(pted Accounb'rvJ practi). In our opinion tr financial stslements.. gNe a true and fair view of the stste of the eharrtaue comp8n¥s affaits as 8t 31 March 2023 and of its incoming resources and applicab.on of resources. induding its income and expenditure, for the year then erwjed,. have been Prope prepared in acc4)rdan wih Unikd lQ"ngJom Generally Accepted Accounting Practice,. and have been pped in accc¥dance wrth Ihe requwements ofthe Companies Act 2006. Basis f¢r opinion We conducted our audrt in aets)rdance vthh Inlematsonal Slandwds on AMditing IUKI IISAS (UK)) and applicatrAe law. re5ponsiiMlities under those stsrhdards are further described in the Auditors. respons1.11tie$ for the audit of the fin8noal stalernents Section of our Tort. We a iThJependenl of the charitable comp8ny in accordance the ethical requirements that are relevant lo our audrt of Ihe financial ststemenls in the UK ilUding Ihe FRC'S Ethul Standard. and we have fulfilled our other ethical sponsibilibes in accordance th these requirements. We bdieve that Ihe audrt ewderK£ we have obtsined is sufficient and appropriate to provide a bass for our ¢¥Jinion. Conclusions relating to going concorn In auditing the financial statements. we have conduded that the trustees. use of the concem basis of accounting in the preparation of the financial slatements is appropriate. 8ased on the work we have performed, we have not identified any material UertaIntieS relating to events or conditions that. iThJividually or cdleclively. may cast significant doubt on the charitae company's ability lo continue 8$ 8 gng COrern for a period of at least M(thS from Sthen the finanual statements are authorised for issue. r responsibilities and the resp(M)sitslths of Ihe trustees V•ith respect ts g(xng ¢X)ncem a deKbed in Ihe relevant sections of reporL Oth•r inftxmation The trustees are responsitAe for the otrr inlomatK)n. The otsr inlomats'on comprises Ihe infomiation induded in the Annual Report other Ihan the finarA81 statements and our Rew)rt of the Independent Audilo Ihereon. Chjr opinion on the financial ststerrwts does cover the other information and. except to the extenl 01heiSe expliuty stsled in our rem)rt, v do nol ewess ary fomi of a55urarKe cfjndugon thereon. In connection 1h our audit of the ffinancial slatements. our resw)bilfy is to read the other information and, dThn9 so. con&der %thether the other information is materially irKonsislenl with the financial stsiemenls or our knOedge obtained in the audit or otheTrMse appear5 to be materially misslaled. If we identify such material inconsislenue5 or apparent rnalerial misstatements. we are required lo detemine whether this gives rise to a material misstatement in the finanual statements themsefves. If. based ¢J) the work we have perfomed, we eonclude that there is a material misstatement of this other inforrnalion, we are required to report that fact. We have nothiThJ to reFQrt in this regwd. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the urse of the audit". the information given in the Repcrt of the Truslees for the ffinancial ye¥ for vthich the financial stalements are prepared is constent the finanoal statements,. and the Rewt ol Ihe Trustees has prepared in accordance fjth app&cable legal qUirnents. P*Je 10
REPORT OF ThE INDEPENDEKf AUDtfoRS TO THE MEMBERS OF SIFA FIRESIDE Matters on which we ar• requir to report by exc•Oion In the light of the knedge underStandiJ of the charitse company rts enwrcfrfnent obtained in the course of the audit. have not idenbfied material misstslements in the Report of Ihe Trustees. We have nolhing to reptr( in pect of the fdI(yWi mattets the Companies kl 2006 requires us lo report lo you rf. in our opini(x)- 8dequ8le accounting records have not been kept N retums adequate for our aLJrt h8ve not been received from branches not wsited by us- or the finantial statements are nol in agerneftt with the aeeounling records and retums., or certain disclosures of trustees, remuneration speafied by faw are r1 maje,. or we have not received all the wrfcrfrnan arKI exFAanati(S reqUe for our audit. Responsibilities of trustees As explained more hjlly in the Stslement of Trustees. Responsbilib"es, the trusiees {vtho a also the directors of the Charitsble company fc Ihe purposes of company Jaw) s SIble for the preparakn.on of the financial 5tstements and for being salisfied that they gNe a true arKI fair view. and for such Intemal control a5 the trustees determine is necessary to enable Ihe preparation of finanaai ststements that are free from material misststement, whether due to fraud or error. In Pparng the financkgl stslements. the trustees a responsible for 8sse5swwJ the chèritalAe companls ability to conts'nue as a goi o)ncem, dtsclosiAg. as applicae. matters related to going concem and using the going concern bass of anting unless the trustees either intend to liquidate the charrtae company or to cease operalKJns, or h8ve no realistic ahemats.ve bLrt to do so. Page11
REPORT OF THE INDEPENDE1 AUDITORS TO THE IAEMBERS OF SIFA FIRESIDE Our responsibililies forthe audit of the financial ststsments ijjr oty'ectives are to obtain reasonable assurance about whether Ihe fin81 statements as a Nthole are free from material misststemenl. vthether tlue lo fraud or error. aThJ lo issue a ReFxi of the Independent Auditors that includes our opiniM. Reasonable assuran is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS {UKI will aNYays detect a m8ten.al m$Statement when it exists. Misstslements can arise from fraud or error and are considered merial rf. individualty or in the aggregate, they could reasonably be expeded to inlluence the economic derysions of user5 tsken on the basis of these financd statements. The extenl to which our prc¢edures are capable of detecting irregularitss. induding fra(Kl is delailed below.. (kn approach to idents.g and assessing the risks of materil misstatement in re$ped of irre9ularitsS. induding fraud and rK)n-comln¢e wilh laws and gula.S. was as follows: The engagement partrw erwred that the eng•3emenl team ¢clItiVelY had the appropriate competence, capakmlities and skills to tdentify ty recognise rw-comph'ance Y1h appliCae laws and regulatis.. We identified Ihe laws and wulatirms appluNe lo the charity through dis(xJssions wth InAStees and olher management. and from our commeroal knovAedge and experience of the industy sector,. We fowsed on specific laws and regulatn$ whith we considered may have a dI¢t material effe¢i on the finanaal statements or the operabons of the chanty including taxation legiatiOn and data protection. anti-bribery. employment, environmental and health 8nd safety legiation,. We assessed the extent of complrance wilh the laws and regulations identified above through maknng enquiries of Managernt and insFecling legal corresF4)nderKe. We assessed the susceptibility of the company's financaal statements to material misstatement, induding obtaining an understanding of how fraud might 0(r, by.. mang enquir5 of managem1 as to vthere they conSKIw there was susceptiknlrty to fraud, their knowledge of aclual, suspected and alleged fraud,. and ConsKlenn9 the ntemal controls in place to mtyate risks of fraud and nonrycomF41are with laws and regulati¢)ns. To address the risk of fr8UtI through management bias and ovemde of controls. we: Performed analytrcal procedures lo identsfy any unugJal or unexFected relalronships: Tested joumal entn.es to identrfy unusual transacb"ons" Assessed ether jwjgements aSsumpticS made in deterMIng accounts.ng estimates we IlIcatIve of potential bias,. arKI Investigated the ralionale beh¥KI signthcant or unusual transactions. In sponse lo Ihe risk of irTegularilies and non•complian¢e with lawB and regationS. we designed procedures whid) inchAed. bul not Iwnited to." Agreeing financial stslement disc105ures lo underfwng supporting doCnental10n". Reading the minutes of meetings of those tharged govemance., Enquiring of management as to aclual and potential litffJation and daims.. and Reviewng correspondence *Ailh HMRC olher relevant parties. There are inherent limitatior6 in ow audit Procedu$ described above. Tr mcKe removed Ihat laws and regulatrons are from finan(ial transactions. the less likety il is Ihat we would become awa of non-compliance. Auditing 51andards also limit the audrt PrOuleS requÉred to idenb.fy non-complian wlh laws and gulationS to enquiry of the director5 and other management and the inspecbon of latOry and legal corresponden, rf any. Material misstatements that arise due to frdud can be harder to detect Ihan Ihose that arise from effor as they may involve deliberate Cccealrnent or collusion. Page 12
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SIFA FIRESIDE A further dewptM)n of our resfK>nsIlyles for the audrf( of the financial statements is located on the Financial Reporbng Counol's website at V.11¢.0.uIaudItMSFsIbI11teS. This descriptk7n fomis part of oui Report of the Independent Audilors. Use of our report This report is made sow to Ihe chwtlable eompany's members, as a bcdy. in accordan Chapter 3 of Part 16 of the Companie5 Ath 2006. Our audrt vrtyk has been tsndertaken so that we mHJht state to the charitable company's members those matters we are ra]uired to state to ihem in an audrtors. report and for no other purpose. To the fLsllesl extent permitted by Lgw, we do not accepl or assume re5ponsbility to anyone other than the tharitsble company ar the chantable companWs members as a IK¥Jy. for our aLKlit work. for this report, or for Ihe opinions have formed. Jeremy lfj'tson FCA CTA (SenKJr Stalutory Auditor) lor and on behalf of Prime Chartered Accountants Statutory Auditor Comef Oak 1 Homer Road Solihull 8913QG Date.. ..24/1.012023.............. Page 13
SIFA FIRESIDE STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 PWICH 2023 2023 Totsl funds 2022 Total funds Unrestrh#ed Restrtted fuTrJ fiJr¥Js Notes INCOME AND ENOOWMENTS FROM Don8ts"¢Ms and legacies 467.418 467.418 459.147 Charitablè a¢tivitles Grants and contracts 1.097,515 1.097.515 1.016.867 Investment ire 4.856 4856 121 Total 472274 1.097.515 1.569.789 1,476,135 EXPENDrruRE ON Raisng funds 165.372 165.372 19J.460 Charitsble activities Charitable Activities direct costs Support costs Governna costs Premises (x)sts 682.928 712.884 42.220 63.873 553.077 670,161 39,447 71,356 1482.492) 42.220 63.873 1,195,376 Total 471.1 1.195.376 1,667.2TI 1,484.501 NET INCOMEIIEXPENDITURE} Transfers b•tw••n furNIs 373 6250 197,8611 16.250) (97.4881 (8.3661 17 Net movement in lunds 6.623 (104.111) 197,4BBI {8,3661 RECONCILIATION OF FUNDS Total funds brought forward 862.335 343.928 1306.263 1.214.62g TOTAL FUNDS CARRIED FORWARD 868,958 239.817 1.108,775 1,206,263 The notes form part ofthese finarla1 statements Page 14
SIFA FIRESIDE BALANCE SHEET 31 MARCH 2023 2023 Total fvnds 2022 Total nds Unresthcted Restricled lund lunds Note5 FIXEO ASSETS Tangible assets 12 305,118 305.118 347.276 CURRENT ASSETS Debtors Cash at bank and in hand 13 243M7 580.605 243,887 820,422 191.575 833,406 239.817 824.492 239.817 1.064.309 1.024.981 CREDITORS Amounts falling due within ye 14 (260.652 (260.652) 1165.9941 NET CURRENT ASSETS 239.817 803.657 85Y,987 TOTAL ASSETS LESS CURRENT UA8IUTIES 868,958 239.817 1.108.TT5 1,206,263 NEf ASSETS 868.958 239.817 1.108,775 1,206,263 FUNDS Unrestricted funds Restricted fijnds 17 868.958 239.817 862,335 343.928 TOTAL FVNDS 1.108.775 1,206.263 The financial statements were approvgj by the Board of Tws¢ees and authorised for issue on 19th October 2023 .. arKI were signed on its behaw by. C D Wiklman- Trustee notes fomi part ofthese f¥)ancial stslements Page 15
SIFA FIRESIDE CASH FLOW STATEMENT FOR THE YEAR ENDEO 31 MARCH 2023 2023 2022 Note5 Cash flovts from operating a•vItieS Cash generated from operatirms Interest paid 6.812 (1.0671 111.367 I3,8) Net cash pyovthd by operdb.ng actiwiie5 5.74S 107.859 Cash flows from InSting a¢tl¥ltS0s Purchase of tangible ffixed assets Intest receiv (9,594) {55,181 } 121 Net cash Ltsed investing acliwties (4.738) 155.060) Cash flows from finon¢ln9 activities Loon repayments in year 126,5741 Nel cash uged w) ffinancing ath"wlies 113.991) 126.574) Chango in cash and cash ¢quivalents in the reporting period Cash and cash equivaknts at the beginnin9 of the reporting pefiod 112.984) 26.225 833,406 807.181 Cash and cash equivalents at the end of th• r•porting period 820,422 833.406 The Th)tes form part of tsse fina1 statements Page 16
SIFA FIRESIDE NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023 RECONCIUATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Net expenditurn for th• r•porting p•riod las per the Stat•m•nt of Financial Activities) Adjustments for: Depreciation charges Profit on disposal offixed assels Interest received Interest paid (Inca$eYdease in debtors Increase1{deasel in uedito {97,488) 18.3661 54,606 12,853) 14.856) 1,067 (52,313) 108,649 51,889 11211 3,508 69,886 (5,4291 Net $h provided by operations 6,812 111.367 ANALYSIS OF CHANGES IN FUNDS At 1.422 Cash flow At 31.3.23 Net cash Cash al bank and in hand 833.406 112.9841 820,422 833,406 (12,984) 820.422 Debl Debts falling due wthin 1 year 113,9911 13.991 {13.9911 13.991 819.415 1.007 820.422 The notes fomi part of these finarxial statements Page 17
SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POUCIES Basb of preparln9 the financial statements The finanryal statements of the charitstAe company, whith 15 a public benefit entity uTrJer FRS 102. have been prep8red in accordance wilh the Charities SORP {FRS 702) Accounting and Reporting by Charth"es'. Ststement ol Recommended Pracb"ee applicable to thanties preparing thar accounts in accordance wth the Financial Reporti'ng Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 JanUY 2019}'. Finanual Reporting Standard 102 The Financial Repthn9 Standard applicaE4e in the UK and Repu of Ireland. and Ihe Companies 2C6. Tr financial 5talemen15 have been prepared under the historical cost convention. In¢ome All irujme is reccvanised in the Statement of Firal Adivilies orte the charity has entitment to the fijnds. it 15 probatAe Ihat income be ved and the amwnt can be measured relrably. Exponditur• Liabilrties are recognised as expenditure as soon as Ihere is a legal or constructive obligation eommitting the charity lo that expenditsjre, it is probable thai a transfer of erorn benefits will be reqUId in sethement and the amount of the obligation can be meaSUd reliabty. Expenditure is accounted for on an accruals bays and has been dassffied under headiThJ5 that aggregate all cost related lo the category. Where costs eannol be direcuy attn.lled lo particular headings they have been alIcle0 lo a¢tirfies on a ba515 Consislenl itt) the use of resources. Tangibk fixed assèts Depw'alion is pro¥Aded at the fO1rj wual rates in order lo vmte off each asset over its estimated useful lite. Long leasehdd Fixiwes arKI fittings 4% on cost 33.33% on cost and 20% on cost Taxation The charity is exempt from corpcKion tax on its tharitable activitie Fund accounting Unrestricted lu1$ can be used in ac£c*dan¢e the chawitsble objectives at the diyxebon of Ihe trustees. Reslricled funds can only be used for partUr re5tsicted purpws wihin the objects of the charity. Reslri¢bons arise Wh speufie(I by the dOr or vknen fvrkls are raised for paitular reslricted purposes. Further explanati( of Ihe natu and purrK)se of each fijnd is irnSuded in the notes lo the financial statements. Penslon ¢osts and oth•r post4ellrement bon•fits The charitable company operdles a defined contributn penyon sctheme. Contn"butions payable lo the Charitable company'5 pension scheme we charged to ihe ststemt of Finanaal Activrtt'es in Ihe period lo whith they relate. Page 18 ts)ntinued...
SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMEKfs- contin1 FOR THE YEAR ENOED 31 MARCH 2023 DONATK)NS AND LEGACIES 2023 2022 DationS 467,418 459,147 INVESTMENT INCOME 2023 2022 Deposit acCOt interest 456 721 INCOME FROM CHARITABLE ACTMTIES 2023 2022 ActNity Grants and contracts (>ants 1.097.515 1,016.867 Grants received, induded in the above. a as follow5: 2023 2022 Emigrant Support Programme Oak Foundation National Lottery- Recov & Reconnent BCC ASH inc protect Other income WMCA- Lol B - Women's Home Office EUSS Grant Homeless Transib"on Wt%ker BCC Hougng Options Swire Trust Garfeld Weston RSI-LolH RS14 DWP. Step Ahead Geese Theatre Phoenix Phamiacy National Lottery- Cookery Sessior WMCA- Loi D - Spot Purchasing OPCC- 8CC- kn11-8Very & Homelessness Prc4e¢t National Lottery- ChangirvJ LNes Henry Smith Living Wdl WMCA- Lot C Steel Charite Trust B&CE Construction EmOYabIfy 14.875 29,274 125.989 486.000 14,500 57.763 450.000 3.311 19,000 28.022 88,811 96.228 18.750 15,000 19.250 78,875 34,056 4.750 27.265 60,000 96,228 25.000 5,000 20,391 S1.500 78.525 17.163 5.110 9,700 28.917 5,601 60,000 500 12.500 5,000 1.097.889 1.016,867 Page 19 conlinued...
SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS- continu•d FOR THE YEAR ENDED 31 MARCH 2023 RAISING FUNDS Ralslng donations and legacies 2023 2022 Staff costs mae&"ng and IdraIsirUj 136,835 28.537 135.175 15.285 165.372 1),460 CHARITABLE ACTIVMES COSTS SurrfKxt cx)sis {see note 71 Difect Costs Totals Charitable Actsviles direct costs Supwt cost5 Govemn8ce costs F¥emises costs 682,928 712,884 42,220 63,873 712.884 42.220 63.873 682,928 818,977 1.501,905 SUPPORT COSTS Management and admin costs Fare costs Totals Support $ts Governna costs Premises costs 712.330 712.884 42.220 63,873 42.220 63.873 776203 554 42,220 818.9TT NET INCOMEIIEXPENDfTuRE} Nel iOMe/(exPendrtUleI Is stated after chargingllcreditiThJl.' 2023 2022 Auditor5. remuneration Depreciation - ONed assets Surplus on disposai of fixed assets 10.200 54.605 {2,853) 10,800 51.889 Page 20 tind...
SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS- ¢oThtinued FOR THE YEAR ENOED 31 MARCH 2023 TRUSTEES. REMUNERATION ANO BENEFITS Thw8 were no trust. remuneralion or beneffts fry the year ended 31 March 2023 nor for the year ended 31 March 2022. Trustees. expenses The Ere no Irustees, ex&ErS paJ for the year end&J 31 Maro 2023 nor for the year ended 31 March 2022. 10. STAFF COSTS 2023 2022 Wages and salaries Other costs 1.062.062 25,055 1,044,392 1.087.117 1,044,392 The average monthty number of empl¢)yees during the yearwJ5 as folbws.. 2023 2022 34 I staff No plOyeeS TVed emcAuments in excess of £60.000. 11. COMPARATIVES FOR THE STATEMENT OF RNANCIAL ACTivmES Unre5tnc*cl Restn"cted fijnd fuThg5 Total fiJnd5 INCOME AND ENDQYNENTS FROM Donations and legaoes 459.147 459.147 Charitable aCttieS Grants an¢J contracts 3.311 1.013.556 1,016,867 Inveslmenl income 121 121 Total 4ff2.579 1.013.556 1.476.135 EXPENOITURE ON Raising fijnds 11.4f1 150,460 Charitable actl¥ities Charitable Acb"wbes direcl costs Support costs Govemnace costs Premises costs 553,077 {325,6941 39.447 71.356 553,077 670,161 39,447 71,3S6 995.855 Total 995.855 1,484,501 NET INCOMEIIEXPENDITURE) Transfers between fund$ 126,0671 17,3061 17.701 7.306 18.3661 Page 21 cont•)ued...
SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS. WInUed FOR ThE YEAR ENDED 31 MARCH 2023 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvwllES . continu•d Umestricted Restn'cted fvnd funds Total fiJnds Not movemont in funds 133.373) 25.7 18.3661 RECONCILIATION OF FUNDS Total fijnds bwht fmrd 895,708 318.921 1,214,629 TOTAL FUNDS CARRIED FORWARD 862.335 343,928 1,206,263 12. TANGIBLE FIXED ASSETS FlureS Long leasehold fith.ngs Totsks COST At 1 April 2022 Additions Disposals 449.507 232,385 9.594 125,9761 681.892 9.594 (25,976) Al 31 Math 2023 449.507 216.1)03 665,510 DEPRECIATION At l Apnl 2022 Charge for year Eliminated on disposaj 197.780 17.980 136,836 36,625 128.829} 334.616 $4,605 (28.8291 At 31 MaTch 2023 21S.760 144.632 360.392 NET BOOK VALUE At 31 1 2023 233.T47 71,371 305.118 At 31 March 2022 251.727 95,549 347,276 13. DEBTORS: AMOUNTS FALLING DUE IrHIN ONE YEAR 2023 2022 Trade debtors Other debtors Prepayments 34.307 2.000 207.580 16.291 2,000 173.284 243.887 191,575 Page 22 ontinued...
SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMEKfs- continu9d FOR THE YEAR ENDED 31 MARCH 2023 14. CREDITORS: AMOUNTS FALLING DUE VaThlN ONE YEAR 2023 2022 Bank loans and overdrafts (see rM)te 15} Trade creditors Swal security and other taxes (Ther credit$ Accruals and deferd incLN))e 13,991 54,443 29,291 6.155 62,114 56,692 20.184 16.930 166.846 165,994 15. LOANS An analysis of the maturity ol loarts 15 given bekw. 2023 2022 AJnounts falling due within one year demwKI". Soual Enterprise Loan 13,991 16. LEASING AGREEMENTS Minimum ase payments under n0ndcarNab1e q)erating leases fall due as folk)vts: 2023 2022 Within one year Befvleen and five yea In more than five years 46,475 173,159 378,000 170.548 336.000 552.916 597,634 Page 23 continued...
SIFA FIRESIOE NOTES TO THE HNANCIAL STATEMENTS- continued FOR THE YEAR ENDEO 31 IAARCH 2023 17. IAOVEMENT IN FUNDS Net Transfers movement ben in fijnds funds At 31.3.23 At 1.4.22 Unreslrl¢ted lunds General fund 373 6.250 868,958 Restricted fvnds BCC ASH inc protect B&CE C(Struction Employabih"ty DWP- Step Ahead Emigrant Support Programme Garfield Weston Homeless Transilion Worker ng well NalN)nal Lottery- Re¢oTrffjr & Reconnect Oak Foundation RS14 RSI-LotH Social Enterprise Inveslment FLWKI Swire Trust WIACA. Lot D. Spx)t Purchas 24572 123.572) 8.813 122.959) 8.813 22.959 3,625 4,034 21.049 500 3.625 14.034} 14.481 1500 6.118 16.568 6,118 329 43.514 4.306 220.040 143.514) (3.889 117,980 6.250 2.216 417 202,060 16250} 2.216 {97P61 16.250) 239.817 TOTAL FUNDS 1206.263 197.488) 1.108.775 Page 24 conb"nLd...
SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS- continuod FOR THE YEAR ENDED 31 MARCH 2023 17. MOVEMENT IN FUNDS - ntInued Net movemenl in fvnds. induded in ts abovE are as foNows.' Incomirg Resources resources expended Movement in funds Unrestrictsd funds General fvnd 472274 (471.9011 373 Rostri¢tsd funds BCC ASH in¢ prote¢t BCC Housing Opbons B&CE Construction Emptoyability DWP- Stsp Ahead Emigrant Supwrt Programme Garfield Weston Geese Theatre Home Office EUSS Grant Homeless Tr8ntson Worker Lmng well National Lottery- Ckery Sesstons NalKJnal Lottery- Recover & Reconnect Oak Foundathon OPCC - BCC- AntI-a¥ery & Homelessness Prq"ect Phoenix Pham)acy RS14 RSI-LolH So(ial Enterprise Investsmptht Furxl Swre Trusl WMCA- Lot B- Women's SeNc WMCA- Lot D- Spot Purchayng 486,000 96.228 9.880 78,525 14,$00 s.000 4,522 27,265 ($09,572) 196,228) 11,067) 1101.484) 114.500) (9.0341 14522) 127.2651 (64.4811 (5001 15.110) 1119.871) 129,6041 123,572) 8.813 122,959 14034) (4.481) (500) 5,110 125,989 29275 6.118 1329) 28.917 17,163 51.500 20.391 (28,9171 {17.1631 {95.0141 {24,2801 117,980} (18.7501 {4,7501 {52841 {43,5141 {3.8891 {17,980} 6.250 4.750 2,216 1.097,515 {1,195.3761 {97.8611 TOTAL FUNDS 1.569,789 11.667.277} {97,4881 Page 25 continued...
SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023 17. MOVEMENT IN FUNDS- tinu¢d comparativ for movem•nt in funds Net movement in luJ$ Transfers befv4een tunts At 31.3.22 At 1.4.21 UnrtrIcted funds General fund 895.708 126.0671 17,3061 862,335 Restricted funds BCC ASH protect DWP - Step Ahead Emigranl Support Programme Garfield Weston Home oifice EUSS Grant Homeless Transition Wother Likning 11 Nainal Lottery- CharwJing Lr¥es Oak Foundation RS14 RSI-LotH So¢ial Enterprise Invesknent FuThJ Swire Trust WThACA- Lot C 44,243 (20,671) 22.959 23,572 22,959 3,625 4,034 3.625 4.034 11.056) 11.936 14.0001 19.0731 17.771) 43,514 4.306 (17.980) 16.250) 12.247) 1.056 9.113 4.YJO 9,073 8.11X) 21.049 gjo 329 43,514 238,020 220.040 6.250 2.247 318.921 17.701 7.306 343,928 TOTAL FUNDS 1.214.629 (8.3661 1,206,263 Page 26 continued...
SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS. tInUed FOR THE YEAR ENDED 31 MARCH 2023 17. MOVEMENT IN FUNDS- continu Comparative net movement in funds. included in the above ¥e as folk)ws: Inm¥d sources Reswrces Movement expended in fijnds Unrestrthd funds General lund 462.579 {488,6461 {26.067 Restri¢tsd funds BCC ASH inc protect BCC Housing 0pb.ons DWP- Slep Ahead Emigrant Support Pr(YJramme Garfield Weston Henry Smith Home Office EUSS Grant Homeless Trnnsition Wixker Lving welj National Lottery- Charying Live5 Oak Foda1)ft RS14 RSI-LolH Social EnteSe kivesknent Fund Steel Charitable Trust Swire Tnthst WMCA. Lot B . Women's &7¢e WMCA- Lot C WMCA- Lot D- Spoi PLwchassng 450.OCM) 96.228 34,056 14,S)O 15,000 60,000 28.022 88.811 500 5,601 57,763 78.875 19,250 {470.6711 {96.2281 {11,0971 114,5C#Jl 110,9661 160.0001 129,0781 176.8751 14,5C()I {14.6741 {65.$341 {35,3611 114.9441 117,9801 15,0001 125,OC(11 I19.0) (14,7471 19,7001 {20.6711 22.959 4.034 (1.0561 11,936 14,0001 (9,0731 17,7711 43.514 4,306 117.9801 18.750 19.1KX) 12.)0 9.700 (6.2501 {2.2471 1.013.556 {995,855} 17,701 TOTAL FUNDS 1,476.135 11.484.501) (8.3661 Purposes of Restri¢t¢d Funds: rtHub The ASH is a prevention-fowsed service whtch prOdeS VUlnerae adults wth support lo hel) them maintaw) their accomodation. Birmin CourrAI- H¢xJsi Sdutions Funding lo supprrt CO•kcation of BCC HousirvJ Options team al SIFA FesIde. 8&CE's Charitable Trust- Ccnstru onEm biji Improving the employabilty skillsels and opportunities available for Ihose are experienryng hclmelessness in &mingham - specifically wthin Ihe c0nstnjcn sector. DWP Intensive emOyMent assistanee programme Cal Step Ahead ddNered by full-lwne specialist employment workws based at SIFA FiresNJe Irish Government Emi rant Su rt Fund Grant to hdp 5UPPOrt Irish cits.zens and dients of Irish cffigin to a¢oss our serwces. ESP Page 27 ntinued...
SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS- ¢onlinu FOR THE YEAR ENOEO 31 MARCH 2023 17. MOVEMENT IN FUNDS- ¢ont¥Kd Connected pathways. Anti-slavery aThJ HoYndes5ne5s the Wesl MKJlands Anti-siavery Neknk to contribute lo Ihe budget for the prwsion of an Anti-Sry & Homelessness Development Officer based al SIFA Fireside. Geese Theatre Ugng theatre and drama to share hithjen stories arKI build reslience and SlIS for peoF4e experiencing hwelessness in Birmingham Home office- EU Settkment Scheme Grani Fundin Funding to delivery practical suppcwt to VUlnerae or at-risk EU, EEA and Swss calyzens and their non-EU family members to help them make their EU setdelrnt Scheme application. Binnin il- Homele&s Tran er ProwsM)n of housing and wdlbeiThJ support to Vulnerab peDe referred from the named 5eThices and moving into accOmmodatb without commisSd swkYx1. Livin Funding provhled by the Living Well cCs0rbUffl lo wjvide COcn9 IrkshopS to dients. Lotte Fvnd- Chan in ves This funding from the Lottery's grant from ReachiThJ Communities Fffjgramme supports a sm811 team to work with clntS to make posits.ve changes in their lives and to overcome barriers to achieve a more sethed lifestyle. It SUppts actiwty that hdps pee to a(kJress issues induding accommodation, employment, heath and the11bn9. Nation81 Lotte - Cwki cookn.ng $sOn$ for people expeiiencing homelessness n &"mingh8m N tional ndRe Worf(IrYJ with people Ihrough thelr recovery to Imng fulfilh"ng, wpendent INes k Phil This funding is from the Oak F(xJndation to enae us io undertake organisational devek)pment work. This wdl enae us to improve outcomes tr dients th9h Thpromtd operating systems. Hom Anb'_Slavery and Homdessness ProJe¢t wlh the West Mithands AntiSlavery Nelth to prowde an Anb'_slavery & Homdessness Devek)pment Officer based al SIFA Fireside nsx Ph Fthamacy outrh worker in partnetship 7hilh Univ* of Bimingham NHS RS14 Engaging vrith ch.ents to provide peOnl$ed suFyort to move on from rough sleepng and sustain a¢commodab"on. Midlands comb.ned The project supports individuals a history of fough sleeping and homelessne5S to establish and strengthen social arKI community based neIrks, aThJ to Susta tenancies to prevent rough eepIng and guard against a retum lo rough sleeping. nt In Grant awarded in 2011 was used lo Wu1 mnt premises in Ajkock Set. Cigbeth C a 25 year lease and to renovate the bulding ae£ording lo our speafiC8t5. Page 28 Contin1...
SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS- continued FOR ThE YEAR ENDED 31 MARCH 2023 17. MOVEMENT IN FUNDS- continued rit ble Tru Funding to wntribute towards the ol our drop in seThice. offeriro prncbcal assistance to pee who a wothrs based ai SIFA Fireside. Swire Trust Connecled pathwrdys. Anti-sbavery a1 H(de$sS Project Ihe West MidldS Anti-slavery Nefvlork to contribute to the bJget for the prwsion of an Anti-slavery & Homdessness Oevelowent Officer based al SIFA Firegde. Wèst Midlan Authori -Ro Initia Women specific seNi¢e prowgon to prevent and resolve rough sn9 (xisis. espeoally there abuse or explcmtstion may be a f. lands Combined Au hge rs Initiati -LotC ProwsK)n ol leg81 advtelsupport lo those wlh prrJblemab"c stalus in the UK impacling rough sleeping, iluding temporary accommodation as a pathway to resokn.ng status and righls. retum to county of origin or inlo vffjrk. W t Mhlla in thori Outcome foctlsed. spot purchases and to enable iTrthvidual sdutions for people slefjping rough, allowng flexible, personal planning an(1 delNery. 18. RELATED PARTY DISCLOSURES There %%ere no related party tranSli0n$ for the year eThJed 31 Marth 2023. 19. SHARE CAPITAL The CoMY is limited by guarantee V1 Sha captsl. In the event of Ihe CoMpY being wound up each member has a liatslity restri(aed lo £10. As at 31 Marth 2023 there wfjre 812022.. 81 fflernbe of the charilaiAe comwy. TAXATION As a charitsble compwry, SIFA FITegde, is exempt from tax on IrMe and gains falling within sections 481489 of the CTA 2010 or sect 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these a applied to its charilaNe ot¥'e¢ts. No tax charges have arisen wilhin the charitable CoMpy. Page 29