REGISTERED COMPANY NUMBER: 03094905 (England and Wales) REGISTERED CHARITY NUMBER: 1049728 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR SIFA FIRESIDE Prime Chartered Accountants Statutory Audilor Corner Oak 1 Homer Road Solihull B913QG SIFA FIRESIDE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees 1 10 10 Report of th• Independent Audltors 11 to 13 Stalement of Flnanclal Activities 14 Balance Sheet 15 Cash Flow Statem•nl 16 Notes to lh• Ca8h Flow Statemont 17 Notes to th• Financlal Stalements 18 to 30 Detslled Slatement of Financial ActivitlO8 31 10 32 SIFA FIRESIOE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also dlrectors of the chartty for the purposes of the Companies Act 2006. present their r8POrt wlth the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provislons of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing thelr accounts In accordance with th8 Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Principal activity and object of the charlty We are SIFA Flreside, Birmingham's support centre for any adult in Bimiingham that faces homelessness. Our Vlslon? That every adult In Binningham can live a future wlthout homelessness. Our mission? To challenge and address the systemK causes. and the effects of ht)melessness in collaboration with our partners Our Valu•s Inclusbve- We respect diversity and equalty and recognise people's individual needs Dynamic- We believe In doin9 the rlght Ihlng to make a dlfference for our clients Courageous - We are a unique organisatlon and adapt our services to meet people's needs Supportive - We provide hollstlc 3UPPOrt to encourage people to leam and grow from their experiences. STRATEGIC REPORT Achlevement and performane• Charltable acllvltles Strateglc Objecllves for 2023-2024 Review our current HR processes and implement a robust. blended learning and development programma for slaff and volunteers, underplnned by approprlate supervlsion and support. Implement, monitor and achieve against a business development stratogy that maintains a wider portfolio of funded and commissioned services and 5UPPOrts a core management infrastructure. New seprfices include menlal health naV￿alOr. social networks and adult navigator for persons from abroad. Organlsatlonal Dev•lopm•nt What we achleved We continue to embed new HR proc8dures with a spècrfic focus on annual appraisals. All line managers have received training and support to ensure consistency in how appraisals are conducted across the entire organisation. New templates for induction. probation and supeNision are all being utilised. Following a whole-system reconfi'guration, our dedicated in-house resource provides technical assistance and support to staff using In-Form. our CRM system. All staff have received basic training, and bespoke 'team' training is in progress. This ensures essential data capiure across all our services which allows accurate service monitoring. evaluation and reporting to help inform and shape future service design and delivery. This year we have also identified and compared online training platforms. with a view to embedding online training for all staff, covering a blended programme of learning. In line with our strategic aim to deliver a wider portfolio of funded and commissioned services, we have brought in new services this year to meet the changing needs of our client group. This includes the Exempl Accommodation Navigator Service and Peer Supporl sen4ice. Page 1 SIFA FIRESIDE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Preventlon - Adult Support Hub What we achleved The Adult Support Hub (ASH) has been instrumental In supporting vulnerable individuals in the fourth year of the contracl, hi9hlighting its vrtal rol8 in improving health and wellbeing. promoting financial stability. fostering community engagemenl. and enhancing housing circumstances. From Decernber 2022 to November 2023 (Year 4 of the ASH contract), the ASH provided substsntial support in four key areas. Health and Wellbein9, Financial Inclusion, Community Engagement, and Accommodation which positively affected the lives of 1.564 individuals. For these individuals, these actions targetad health and wellbeing interventions, financial inclusion support, and community engagement which effectively averted crises and fostered stability among the community's most vulnerable people As the service evolves, addressing clients. emerging needs in mental health and overall wellbeing remains imperative. Hence, the ASH new conlract delivery in partnership with Birmingham MIND In Year 5 of the ASH contracl will provide specialist menlal health Information Advice, and Guidance work to clients in our community settings and through c￿delIVered services: further enhancing the successes of Year4. During Year 4, the ASH made 1,358 critical referrals to specialist seplices, ensuring clients received focu$ed support in areas including Mental Health, Counselling, Advocacy, Subslance Misuse, Benefits. and Debt Advice_ Thesa raferrals W￿re pivotal In grantin9 Clients access to specialised services, This enabled clients to tackle the multiple disadvantages they faced beyond the preventson service's immediale remit, Tha sèrvicè rendared 858 instances of fin8ncial support, aiding clients in managing debts, securing income. and accessing benefits. thereby averting financial crises and fostering stabiliiy. The service completed 288 Inte￿ent￿n$ concerning clients, precarious housing situations. thus diminishing th& risk of homelessness and ensuring clients have a secure place to reside. Mohammed's Story: Mohammed" presented at SIFA'S Support Centre to access the Adull Support Hub's drop-in sessions. Ha was in permanent accommodation following 20 years of homelessness bul his transition to a stable living situation was marked by significant challenges. He was severely visually impaired and suffered from diabetic neuropathy, which necessilated dialysis three limes a week. Additionally, he faced social isolation, compounded by his limited English proficiency-his first language being Urdu-and the absence of famity or friends foi support. Llving alone. he struggled with basic daily tasks. His visual impairment prevented him from handling important phone communications. As a result, he missed crucial calls from his GP and hosprtal, affecting his ongoing medical care. Despite being eligible for a disabled person's bus pass, he had difficulty accessing th8 application process. The ASH devised a tailored intervention plan to address his immediate and long-term needs. The ASH provided him with a smartphone and supported him to sel rt up and upskilled him to use it without sight. He was then able to access speech recognilion in Urdu, enabling him lo communicate independently and manage important calls related to his health. The ASH then assisted him in liaising with the West Midlands Combined Authority to oblain a free dis8bled parson's bus pass. This crucial step reduced his isolation and ensured he could attend his hospital appointments and dialysis sessions regularly. Through dedtcated, culturally sensitive support, he transitioned from a stale of isolation and helplessness to one of empowemient and ind&p•ndence. The success of this case underscores the importance of tailored interventions and the need for ongoing collaboralion with specialised services to meet the unique needs of clients such as Mohammed. Page 2 SIFA FIRESIDE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Housing Transltions Service What we achleved The Homeless Transition Worker Service (HTWS) has b8en commissioned to provide clients wlth transition support for 12 months as they move into new supported accommodation. From 1st April to 31st March, we recorded a total of 1,204 supportive interactions wrth those clients working with th8 HTWS service In addition to these client support interactions, HTWS conducted a comprehensive inspection of properties lo ensure the living conditions met acceptable standards. The key findings from these inspections showed that of the 46 properties inspected. 37 were reported as Good or Acceptable, with 9 properties being Unacceptable or Poor. These inspections covered 29 different areas within Birmingham City and involved 22 different support providers. This h￿hlightS the HTWS'S extensive reach and ongoing collaborative efforts to ensure quality accommodation for all of our clients. Max's Story Max previously experienced Inconsistenl support. He had spent lime in prison and had a history ol rough sleeping and living in poor exempt accommodation. His diagnosis of Emotionally Unstable Personality Disordér was untreated and ha was using Class A and Class 8 substances. His accommodatton was visited by a member of SIFA Fireside's HTWS team. who found that the standards were low. External referrals We￿ made to move him into more suitable accommodation and also to 8 service for ex-offenders to help him lo move towards independence. Max, who al the beginning of his referral expressed his frustration by shouting, engaged well with a subsequent discussion of boundaries for himself and others, staying in regular contact with HTWS and support workers. His medication and substance use was also discussed lo ensure that his residency vmsn't al rlsk. He independently sourced his home furnishings and stocked his n8w fridge, freezer and cupboards wlth food With his recent grant from the council, he bought himself a TV. HTWS funding was used for saucepans and kitchen utensils, as well as a lug and picture frames he requested to make his propèty more homely. He has reported thal he is happy there. He has signrficantly reduced his substance use and actively works on his personal coping mechanisms. Alongside this, he started doing voluntary work with a home removals company. Max expressed an interest in working Wlth SIFA Fireside staff to create workshops to help people settle inlo supported accommodalion and know their rights. He coined the name for the Y￿rkshop, "How to Cope in a HMO" assisted with the content and helped to deliver it at the start of 2024. Homeless Inlerventlon Servl¢e What we achièved During this period have consolidated the service delivery offer at SIFA Fireside lo maximise efficiency and impact. This has resulted in the provision of more person-centred tailored support for our clients that are experiencing rough sleeping. enabling them lo access essential service5 such as health care, DWP, substsnce misuse support and the accommodatton options available through Birmingham City Council. Page 3 SIFA FIRESIDE REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 MARCH 2024 This ring-fenced time for individuals that are rough sleeping gave us the opportunity to further develop our support offer to those placed in exempt accommodation to ensure that they are able to sustain their accOmmodat￿n. In addition, this has also afforded us the opportunity to support ￿1th driving up standards across housing providers. During the 2023 24 period, we continued to deliver a range of services across our funded and commissioned services including Ihe Social Networks project. Move On recovery skills programme, Adult Support Hub Community Advice and Guidance. Housin9 Transitions and Specialist support for thosa with restricted eI￿lbIlIty to public funds. Over the coming year we will continue to push for bolder and more impactful outcomes for those most marginalised in our society. We will be operating our new Housing and Substance Misuse, and Peer Support services to align with our new strategy and ambitions for Ihe future. We will also be continuing to address the syslemic causes of homelessness through our service delivery and ensure that people presenting to us in nèed are supported both to move out of homalessnesg, and lo also prevent it from recurring. Mahmood's Story "Mahmood" is a 40-year-old Italian national of 8angladeshi heritage who presented at SIFA Fireside. He had been sleeping under a bridge for some time and it appeared that ha had been discharged from hospital onto the streets following a suicide attempt. Mahmood presented as confused, distressed, and with a cognitive impairment which prevented him from providing a coherent account of his Ilfe experiences. although from thè Information he was able to provide. it appeared thal he had been the victim of modefn-day slavery and was fofced to work in exchange for food and accommodation until he was no longer deemed of use. SIFA Fireside's Homele38 Intervention Team (HIT) were able to èstabllsh that he had actually been granted pre-settled status under the EU Settlement Scherne and Ihat he was lawfully a resident in the LIK. HIT staff wort Mrs C D Wildman F R 8attye (resigned 916123) E V Tronson (appointed 19110123) (re8ign8d 813124) S J Young (appointed 19110123) Company Secretary M Molloy Audltors Prime Chartered Accountants Statutory Auditor Comer Oak 1 Homer Road Solihull B913QG STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the directors of SIFA Fireside for the purposes of company law) are responsible for preparing Ihe Report of the Trustees and the financial statemants in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a iwe and fair view of the slate of affairs of the charitable company and of the incoming rasources and application of re$ourcas, including the income and expenditure, of the charitable cornpany for that period. In preparing those financial statements, the trusiees are required to selecl suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP: make judgements and estimates that are reasonable and prudent; state whether applicable accounting slandards have been followed, subject to any material departures disclosed and explained in the financial statemenls; prepare the financial statements on the going concein basis unless it ig inappropriate to presume that the charltable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the charitable company and to enable them to ensure that the financial statements compty with the Companies Act 2006. They are also responsible for safeguarding Ihe assets of Ihe charrtable company and hen￿ for taking reasonable steps for the prevention and deteclion of fraud and other ir￿gu1arrtie$. In so far as the trustees are aware: there is no relevant audit information of which the charitable company's auditors are unaware; and the trustees have taken all steps that they ought lo have taken to rnake themselves aware of any relevant audit information and to establish that the audilors are aware of that infomation. AUDITORS The auditors, Prime. will be proposed for re-appointment at the forthcoming Annual General Meeting. Page 9 SIFA FIRESIOE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Report of the trustees, incorporatin company directors. on .2 1 ./Ii.. a strategic report, approved by order of the board of trustees, as the . and signed on th& board's behalf by.. Mrs C i) Wildman - Trustee Page 10 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SIFA FIRESIDE Oplnlon We have audited the financial stalements of SIFA Fireside (the 'charitable company'l for the year énded 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheel, the Cash Flow Statement and notes to the financial statements, including a summary of significanl accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). In our opinion the financial 5tatemenls'. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including 118 income and expenditure, for the year then ended: have been properly prepared in accordance with United Kingdom Generally Accepied Accounling Practice.. and have been prepared in accordance with the requirements of the Companies Act 2006. 8asls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilrties under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with Ihe ethical requirements that are relevant to our audrt of the financial $tatem8nts in the UK, including the FRC'S Elhical Standard, and we have fulfilled our olher ethical responsibilrties in ac¢ordan¢e with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide 8 basis for our opinion. Concluslons relatlng to golng concem In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have noi identified any material Un￿rtaInlieS relaiing to events or conditions that, individually or collectively, may cast significant doubl on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibililieg of the trustees with respect to going concern are described in the relevant sections of this report, Other Infonnation The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Audilors Ihereon. Our opinion on the financial slatemenls does nol cover the other infomiation and, except to the extent otherwise explicrtly stated in our report. we do not express any form of assurance conclusion Ihereon. In connection with our audit of the financial statements, our responsibility is to read the other Informatbn and, n doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appear5 to be materially misstated. If we identify such matertal inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to r8POrt in this regard. Opinions on other matters proscrlbed by the Companles Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the inforrnalion given in the Report of the Trustees for the financial yaar for which the financial statements are prepar8d is consistent with the financial statements; and the Report of the Truslees has been prepared in accordance with applicable legal requirements Page11 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SIFA FIRESIDE Matters on which we are required to report by exceptlon In the light of the knowledge and understanding of the charilable company and Ils environment obtained in the course of the audrt. we have not identrfied material misslatem8nts in lh8 Report of th8 Trustees. We have nothing lo report in r8spect of the following matters where the Companies Act 2006 requires us lo report to you if. In our opinion.. adequale accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us, or the financial statements are not in agreement with the accounting records and retums,. or certain disclosures of Irust888' remuneratlon specified by law are not made., or we hav& not recelved all the informallon and explanatlons we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees. Responsibililles, the twsteas (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine 15 necessary to enable the preparation of financial statements that are free from materbal msstalement, whether due to fraud or error. In prepanng the financial statements. the trustees are responsible for assassing the charitable company's abilily to continue as a going concern, disclosing. as applicable, malters related to going concern and using the going concern basis of accounting unless the Irustees either intend to IK4uidate the charitable company or to cease operations, or have no realistic altemative but to do so. Our responslbllltles for th• audit of th• financial stat•ments Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstaternent, whether due to fraud or error. and to issue a Report of Ihe Independent Auditors that includes our opinion. Reasonable assuranc8 is a hlgh level Df assurance. but is not a guarantee that an audit conducled in accordance wrth ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The exteni io which our procedures are capablè of detecting irregularlties, IncludSng fraud is detalled below.. Our approach to identifying and assessing the risks of material misstatemant in respect of irregularities. including fraud and non-compliance with law￿ and regulations, was as follows.. the engagement partner ansured that the engagement team collectively had the appropriate competence. capabilities and skills to identify or recognise non-compliance with applicable laws and regulations., we identrfied the laws and regulations applicable to the company through discussions with directors and other m8nagement, and from Our commercial knowledge and experience of the industry sector,. we focused on specific laws and regulations which we considered may have a direct material effed on the financial stat8ments or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislalion., we assessed the extent of Complian￿ with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; We assessed the susceptibility of the company's financial Sialements to material misstatement, including obtaining an understanding of how fraud might occur. by.. making enquiries of management as lo where they constdered there was susceplibility to fraud, their knowledge of actual, suspected and alleged fraud; and considering the internal controls in place to mitigate risks of fraud and non-compliance wrth laws and regulations. Page 12 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SIFA FIRESIDE To address the risk of fraud through management blas and override of controls, we.. perfomied analytical procedures to Identify any unusual or unexpected relationships., tested Joumal entrles to klentrfy unusual transactions., assessed whether judgements and assumptions made in determlning accounting estimates were indicative of polenlial bias. and Investigaled the rationale behind slgnifKant or unusual transactions. In response to the rlsk of irregularities and nonyability WMCA - Social Networks BCC Public Health - OHID Housing support BCC winter food aid Lottery- Cost of liwng BCC Housing - Peer Support Worker Service BCC Housing - Persons from Abroad Adull Navig81or BCC Public Health - Exempt Adult Nawgalor Service 14,250 64,880 138,888 490,500 14,875 29,274 125,989 486,000 4,750 27,265 60,000 96,228 25,000 5,000 20,391 51,500 78,525 4,522 17,163 5,110 7,500 28,917 4,289 81,600 96,228 6,250 6,667 5,961 700 3,650 4,800 20,000 4,940 22.000 8,665 5,000 75,000 2,592 29,500 9,453 9,880 1,095,813 1,097,889 Page 19 continued... SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 RAISING FUNDS Ralslng donatlons and legacies 2024 2023 Slaff costs Marf(eting and fundraising 88,116 18,216 136,835 28,537 108,332 165,372 CHARITABLE ACTIVITIES COSTS Support costs (see note 7) Dlrect Costs Totals Charitable Acllvities direct COSts Support costs Govemance costs Premises costs 556,090 556.090 611,592 40,S28 92.214 611,592 40,528 92,214 556,090 744,334 1,300,424 SUPPORT COSTS Management and admin costs Governance costs Finance Totals Support costs Governance costs Premises costs 610,708 884 611,592 40,528 92,214 40,528 92.214 702.922 884 40,528 744,334 NET INCOMEIIEXPENDITUREI Net incomel(expenditure) is stated after chargingl(crediting) 2024 2023 Audttors. remuneratlon Depreciation - owned assets Surplus on disposal of fixed assets 11,100 51.585 10,200 54.605 <2.853) Page 20 continuad... SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or othèr benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Truslees. expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. 10. STAFF COSTS 2024 2023 Wages and salaries Other pension costs 908,879 21,558 1,062,062 25,055 930,437 1.087,117 Total remuneratK)n received by kay management personnel was £193,360 (2023.. £210,888), Key management personnel comprises the Chief Executive and other members of the management team. The average monthly numbei of employees during the year wa$ as follows: 2024 35 2023 40 All staff No employees recewed emoluments in excess of £60,000. The average full-tim& equivalent employees for the year was 30 <2023.. 32). 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Total funds INCOME ANO ENDOWMENTS FROM Donalion5 and legacies 487,418 467,418 Charitable actlvltles Grants and contracts 1,097.515 1,097,515 Investment income 4,856 4,856 Total 472.274 1,097,515 1,569,789 EXPENDITURE ON Raising funds 165,372 165,372 Charitable activities Charitable Actiwties direct costs Support costs Governance costs Premises costs 682,928 {482.4921 42,220 63,873 682,928 712,884 42,220 63,873 1,195,376 Total 471,901 1,195,376 1,667.277 Page 21 continued.. SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnued Unrestricted Restricted funds funds Total funds NET INCOMEI(EXPENDITUREI Transfers between funds 373 6,250 (97,861) (6,250) (97,488) Not movoment In funds 6.623 (104,1111 {97.488) RECONCILIATION OF FUNDS Total funds brought fO￿ard 862,335 343.928 1,206.263 TOTAL FUNDS CARRIED FORWARD 868,958 239,817 1,108,775 12. TANG18LE FIXED ASSETS Fixtures and fittings Long laasehold Totals COST At 1 April 2023 Addrtions Disposals 449,507 216,003 31,772 (5,8021 665,510 31,772 15,802) At 31 March 2024 449.507 241,973 691,480 DEPRECIATION At 1 April 2023 Charge for year Eliminated on disposal 215,760 17.981 144,632 33,604 (5,802) 360,392 51,585 (5,802) At 31 March 2024 233,741 172,434 406,175 NET BOOK VALUE At 31 March 2024 215,766 69,539 285,305 At 31 March 2023 233,747 71,371 305,118 Page 22 continued... SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENOED 31 MARCH 2024 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Prepayments 21,600 2,000 268,139 34,307 2,000 207,580 291,739 243,887 14. CURRENT ASSET INVESTMENTS 2024 2023 Amounts held on short term deposrts 258,296 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxes Olher creditors A¢cruals and deferred income 82,391 20,957 13,270 153,691 56,692 20,184 16,930 166,846 270.309 260.652 16. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: 2024 2023 Within one year Between one and five years 20,048 46.368 20.048 20,048 66.418 Page 23 continued. SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund Designated fund - Building repairs Designated fund - Redundancy 868,958 48,966 {173,225) 100,000 61,474 744,699 100,000 61.474 868.958 48,966 111,751) 906.173 Restrlct•d funds BCC ASH BCC Housing - Persons from Abroad Adult Navigator BCC Public Health - OHID housing support BCC winter food aid B&CE Construction Employability Draw My Cty Art Fund D Rowe Fundraiser Emigrant Support Programme Home Office EUSS Grant Homeless Transition Worker IHG Home Starter Packs JLR Crisis Support Liwng well National Lottery - Cookery Sessions National Lottery - Recover & Reconnect Oak Foundation Other small restricted funds RSI-LotH Social Enteipiise Investmant Fund Swire Trust WMCA- Lot D - Spot Purchasing WMCA - Social NebNorks 52,270 52,270 23,682 23,662 4,896 (3 4,751 (870 (9851 4,896 8,813 13,564 870 985 3,625 3,625 (1,067) 3,228 (352) 113) 3,037 3,650 6,479 1,067 16,568 19,796 352 13 3,037 3,650 12,597 6,118 305 305 417 202,060 417 202.060 (6,2501 12,211) 415 6,250 2,211 2,216 2,216 415 239,817 90,943 11,751 342,511 TOTAL FUNDS 1,108,775 139,909 1,248,684 Page 24 continued. SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS • contlnued Net movemènt In funds. Included In the above are as follows.. Incoming sources Resources expended Movement in funds Unrestricted funds General fund 448,795 {399,829) 48,966 R¢strlcled funds BCC ASH BCC Housing Options 8CC Housing - Peer Support Worker serV￿e BCC Housing - Persons from Abroad Adult Navigator BCC Public Health - Exempt Adult Navigator Service BCC Public Health - OHID housing support BCC winter food aid B&CE Construction Employabillty Draw My City Art Fund D Rowe Fundraiser Emigrant Support Programrne Garfield Weston Geese Thèatre Home Office EUSS Grant Homel8ss Transition Worker IHG Home Slarter Packs JLR Crisis Support Living well Lotlery - Cost of Living National Lottery- Cookery Sessions National Lottery - Recover & Reconnect Oak Foundation Other small restricted funds Swire Trust WMCA- Lot D - Spot Purchasing WMCA - Social Networks 490,500 96,228 (438,230) {96,228) 52,270 2.592 (2,592) 29,501 15,839) 23,662 9,453 (9,453) 8.665 5.000 4,940 950 (3,769) 15.003) (189) 11,820) {985) (14,251) 16,667 (5,961) 15,356 (78,372) (352 <1,513) (16,963) (75,000) 4.896 <31 4,751 {870) (985) 14,251 6,667 5,961 4,289 81,600 11,0671 3,228 1352) (13) 3,037 1,500 20,000 75,000 3,650 138,888 64,880 305 6.250 4,800 22.000 3,650 6,479 (132,409) 164,879) 305 (6,250) (2.211) 415 (12,500) 17,011) 121,585) 1,097,870 (1,006,927) 90,943 TOTAL FUNDS 1,546,665 (1,406.756) 139,909 Page 25 continued .. SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS- continued Comparatives for movément in funds Net movement in funds Transfers be￿en funds At 31.3.23 At 1.4.22 Unrostrfcled funds General fund 862.335 373 6.250 868,958 Restrlcted funds BCC ASH B&CE Construction Employability DWP - Step Ahead Emigrant Support Programme Garfield Weston Homel8ss Transition Worker Living well National Lottery- Rewver & Rewnnect Oak Foundation RS14 RSI-LotH Social Enterprise Investment Fund Swire Trust WMCA - Lot D - Spot Purchasing 23.572 {23.572} 8.813 {22.959) 8,813 22,959 3.625 4,034 21,049 500 3,625 14,034} (4,481) (500) 6.118 <329) (43,514) (3,889) (17,980) 6,250 2,216 16,568 6,118 329 43,514 4,306 220,040 417 202,060 (6,250) 2,216 343,928 (97,861) (6,250) 239,817 TOTAL FUNDS 1,206,263 (97,488) 1,108,775 Page 26 continued... SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS- contlnued Comparative net movement In funds. included in the abov8 ar8 as follows-. Incomlng resources Resources expended Movement in funds Unrestrlcled funds General fund 472.274 (471,901) 373 Réstricted funds BCC ASH BCC Housing Options 8&CE Conslwction Employabilrty DWP - Step Ahead Emigrant Supwrt Programme Garfield Weston Geese Theatre Home Office EUSS Grant Homeless Transition Worker Liwng well National Lottery - Cookery Sessions National Lottery - Recover & Reconnect Oak Foundation OPCC - BCC - Anli-slavery & Homelessness Project Phoenix Pharmacy RS14 RSI-LotH Social Entèrprise Investment Fund Swire Trust WMCA- Lot 8- Women's Servicè WMCA- Lot D - Spot Purchasing 486,000 96,228 9,880 78,525 14,500 5,000 4.522 27,265 60,000 (509,572) (96.228) (1.067) (101.484) (14,500) (9,034) (4,522) (27,265) (64,481) (soo) {5,110) {119.8711 (29,6041 (23,572) 8,813 (22.959) (4.034) (4,481) (500) 5,110 125,989 29,275 6,118 1329) 28,917 17,163 51.500 20.391 (28.9171 (17,1631 (95.014) (24.280) (17,980) (18,750} (4,750) (5,284) (43,514) (3,889> (17,980) 6,250 25.000 4.750 7.500 2,216 1,097,515 (1,195,376) 197,861) TOTAL FUNDS 1,569,789 (1,667,277) 197,488) Purposes of Restricted Funds: Birmin ham Cil Council - Adull Su ort Hub ASH The ASH is a prevention-focused service which prOV￿e5 vulnerable adults with support in the community to help Ihern maintain their 8ccomodation. Bimiln ham Cit Council - H ions Funding to support co-locaiion of BCC Housing Options team at SIFA Fireside. BCC Housin Persons from Abroad Adult Navi ator To work to support those with reslricted eligibility to public funds lo regularise their immigration status and build pathways for them to move out of rough sleeping BCC Public Health - OHID Housin ort Purchasing provision to support those wrth add￿tIOn issues accommodated In the city with a variety of things including travel, essential home items, obtaining passports and ID and costs to sustain accommodation, Page 27 continued... SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS- contlnued BCC Pu H Ilh . Exem t Accommodation Housin Misus8 Su Provision of long term support to slabilise accommodation and facilitate engagement in substance misuse treatment C Winter Food Aid Emergency fund to support with increasing food Costs for the support centre during cost of living crisis. B&CE's Charitable Trust- Construction Em abilit lrnproving the employability skillsets and opportunities available for those who are experiencing homelessness in Birmingham - specrfically within the Gonslruction seclor. Dr Arts Fund Fund developed by local artists to support provision of art workshops. D Rowe Fundraiser To provide rough slaepers with sleeping bags and other essential ilams DWP Int8nsive eMplO￿ent assistsnce programme called Step Ahead delivered by full-timo specialist employment workers based at SIFA Fireside IHG Home Starter P k To support clients placed in exempl accommodation with essential home rtems to facilitate tenancy sustainment Irish Govemment Emi rant Su ort Fund ESP Grant to help support Irish citizens and cl￿ntS of Irish origin to access our 8epoices. Garfièld Weston Connected palhways. Anti-slavery and Homelessness Project with the West Midlands Anti-slavery NelAvork to contribula to the budget for the provision of an Anti-slavery & Homelessness Development Officer based at SIFA Fireside. e Theatre Using theatre and drama to share hidden stories and buikl resilience and skills for p80ple experiencing hom81essnes8 in Birmingham Home Office - lement Scheme Grant Fundin Funding to delivery practical support to vulnerable or at-risk EU. EEA and Swiss citizens and their non-EU family members to help them make Iheir EU Settlement Scheme application. Bimin ham Cit Council - Homeless Transition Worker Service Provision of housing and wellbeing support to vulnerable people referred from the named sen4ices and moving Into accommodation without commissioned support. JLR Cri ort To provide rough sleepers with sleeping bags and oth8r essential items Livin Funding provided by the Living Well Consortium to provide cooking workshops to clienls, National Lotte Cookin se5s￿n8 Cooking lessons for people experiencing homelessness in Bimiingham Page 28 continued SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS - continued National Lotte -Re r and R8conn&cl Worklng wlth people through their iecovery to livlng fulfilling, independent lives k Philanthro This funding is from the Oak Foundation to enable us to undertake organisational deve5opment work. This will enable us to Improve outcomes for Glients through improved operating systems. OPCC Anti-Slav8 & Homelessness Pro. Anti-slavery and Homelessness Project wrth the Wesl Midlands Anti-slavery Network to provide an Anti-slavery & Homelessness Development Officer based at SIFA FireS￿e Phoenix Phaf Pharmacy outreach w￿rker in partnership with University of Birmingham and NHS RS14 Engaging with clients to provide personalised support to move on from rough sleeping and sustain accommodation. West Midlands Co in d Author -Rou h Slee ers Initiative The project supports indivKluals with a history of rough sleeping and homelessness to establish and strengthen social and community based networks, and to sustain l8nancies to prevent rough Sleeping and guard against a retvrn to rough sleeping. ocial Enter rise Investment Fund Grant awarded in 2011 was used to acquire current premises in Allcock Street, Digbelh on a 25 year lease and to renovate the building according to our specifications. steel Chari Funding lo conlribute towards the prowston of our drop in seniice. offering practical assistancé to people who are workers based al SIFA Fireside, wire Trust Connected pathways. Anti-slavery and Homalessness Project with the West Midlands Anti-slavery Ne￿rk to contribute to the budgel for Ihe provision of an Anti-slavery & Homelessness Development Officer based at SIFA Fireside. West I nds Combined Authori Initiative - Lot B Women specific service provision to prevent and resolve rough sleeping crisis, especially where abuse or exploitation may be a factor. West Midlands Combined Authorit Rou h Slee ers Initiative - Lol C Provision of legal advicelsupport to thos8 Wlth problematic status in the UK impacting rough sleeping, including temporary accommodation as a pathway lo resolving status and rights. return to country of origin or into work West Midl s Combined Authori -Ro Initiative - Lot D Outcome focused. spol purchases and to enable individual solutions for people sleeping rough. allowing flexible. personal planning and delivery. WMCA Social Networks The project supports individuals with a history of rough sleeping and homelessness to e51ablish and strengthen social and community based networks. and to sustain tenancies to prevent rough sleeping and guard against a relurn to rough sleeping. Page 29 continued... SIFA FIRESIDE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 18. RELATED PARTY DISCLOSURES Thèrè vffjre no related paty transactions for the year ended 31 March 202412023: £Nil). 19. SHARE CAPITAL The company Is limited by guarantee wrthout share capltal. In tha evant of thé company being wound up each mernber has a liability restricted to £10_ As at 31 March 2024 there were 8 (2023: 8) members of the chartsble company. 20. TAXATION AS a charitable company. SIFA Fireside. is ex8mpt from tax on income and gain5 falling within sections 481489 of the CTA 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to rts chantable objects No tax charges have arisen within the charitable company. Page 30 SIFA FIRESIDE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons and legacles Oonalions 428,802 467.418 Investment Income Deposrt account interest 22,050 4.856 Charltable actlvltleg Grants 1,095,813 1,097,515 Total incomlng resources 1,546,665 1.569.789 EXPENDITURE Raislng donatlons and legacSes Wages Marketing and fundraising 88,116 18.216 136,835 28,537 106,332 165,372 Charltablo actlvlt108 Wages Cllent Activities Travel Drop-ln Activltles Recruitment Subcontractors No description 419,193 18,576 5,205 18,476 6,524 175.235 (87,119) 454,605 70,167 5,127 12,848 3,603 136,578 556,090 682,928 Support costs Management and admln costs Wages Pensions Rates and water Insurance 372,142 21,558 66.859 20,180 435,749 25,055 48,172 13,204 F li Lighl and heat Telephone Postage and stationery Sundries Gifts in kind IT Cos15 Consultancy Equipmenl hiré Carried forward 25,355 10,630 1.965 23.387 52,523 37,134 {3,376) 5,373 633.730 15,701 15,132 2.953 24,085 58,163 30,948 28.273 5,863 703.298 This page does not form part of the statutory financial statements Page 31 SIFA FIRESIDE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Management and admin co8t8 Brought forwaid Maintenance contract charges Property maintenance Long leasehold Fixlures and frttings Loan Interest 633,730 7,806 9,802 17,980 33,604 703,298 4.841 12,391 17,980 36,626 1,067 702,922 776,203 Flnance Bank charges 554 Governance costs Wages Auditors, remuneration Loss on sale of tangible fixed assets 29,428 11,100 34,873 10,200 (2.853) 40.528 42,220 Total resource5 expended 1,406,756 1.667,277 Net Incomel(exp•ndlturo) 139,909 (97,488) This page does not form part of the statulory financial statements Page 32