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2023-03-31-accounts

Charity registration number 1051415

FURNESS HOMELESS SUPPORT GROUP

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FURNESS HOMELESS SUPPORT GROUP

LEGAL AND ADMINISTRATIVE INFORMATION

President Lady Grania Cavendish
Patron Lord Hutton of Furness
Trustees John Calvert
Janice Sharp
Simone Singleton
Management board Janice Sharp (Chair)
Julie Underwood (Treasurer)
John Calvert
David Morris
Simone Singleton
Anthony Miller
Charity number 1051415
Independent examiner JL Winder & Co
Suite 6
Furness Gate
Peter Green Way
Barrow in Furness
Cumbria
LA14 2PE
Bankers Barclays Bank - Barrow
86-90 Dalton Road
Barrow in Furness
Cumbria
LA14 1JH
Furness Building Society
51-55 Duke Street
Barrow in Furness
Cumbria
LA14 1RT
Solicitors Denby & Co
Solicitors
119 Duke Street
Barrow in Furness
Cumbria
LA14 1XE

FURNESS HOMELESS SUPPORT GROUP

CONTENTS

Page
Trustee report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 15

FURNESS HOMELESS SUPPORT GROUP

TRUSTEE REPORT

FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their annual report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The charity's objects are to offer support and practical help to all those in the Furness area of Cumbria who have accommodation related problems, or who are disadvantaged by unemployment, illness or other factors.

Furness Homeless Support Group offers:-

Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Activities

These objectives of the Charity are carried out through the operation of the following support resources.

FURNESS HOMELESS SUPPORT GROUP

TRUSTEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Day Centre and Accommodation Units (25 & 27 Bath Street, Barrow in Furness)

25 G/F

144 Anson Street and 36 Hood Street

121 Anson Street

Training and Volunteering

Charity Shop (23 Bath Street, Barrow in Furness)

Christmas Shelter

FURNESS HOMELESS SUPPORT GROUP

TRUSTEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance

It has been quite a year, with our new Manager and new staff members finding their feet.

It has been a challenging and demanding time in terms of recruitment alongside housing vulnerable adults, but staff have risen to the challenge and once again gone above and beyond to keep the project running 24-7. New staff have fit in well and hit the ground running, proving to be fantastic additions to the team.

This year we were successful in a funding bid to Grantscape and were awarded £30,000 over 2 years to part fund a role of support/admin worker. This is a vital post and this grant will ensure it can continue for at least 2 years.

We continue to work closely with the local council and other agencies in housing and supporting vulnerable people who have found themselves homeless. This year we housed 18 people in our main unit of accommodation, with 7 moving on to find permanent accommodation, and 4 currently still living with us. We also have 5 people living in our dispersed accommodation who are in need of longer term support.

We have housed 12 women in our female only accommodation, 7 of whom now have their own tenancy and are thriving! We are very proud of this project and it is brilliant to see the women flourish when they make the most of their stay and engage with all the support offered.

Last year we recruited a new Manager for our charity shop. We have finally entered the 21[st] century and are now able to take card payments – this has been essential since lockdown due to not as many people using cash for payments. We remain optimistic for the future of the shop and receiving donations and turning those into monetary value.

We of course once again held Christmas dinner for anyone who wished to join us. Christmas Day and Boxing Day proved incredibly popular this year with quite possibly a record number of dinners being served! We were very lucky in that we had two chefs volunteer on Christmas Day who kept the kitchen stress free and received a round of applause from all clientele.

As always, we could not continue our work without our dedicated staff team, our volunteers, and our Board and Trustees. A very sincere and heartfelt thank you to all.

Financial review

Income increased this year, and totalled £269,643 (2022 - £244,515). The main sources of income are shop takings of £35,378 (2022 - £32,764) which continued to improve after the national lockdowns in 2020 and 2021. Housing benefit increased from £110,370 to £135,645. In the year the charity continued to receive funds from a new contract with Barrow Borough Council regarding providing shelter for domestic abuse victims- £32,500 (2022 - £32,500).

Other income was resident contributions of £6,105 (2022 - £6,150), income from donations and grants was £47,112 (2022 -£54,823). Investment income received was £7,795 (2022 - £7,874). £7,440 (2022 - £7,793) of this related to rental income from the investment property - 121 Anson Street.

Resources expended amounted to £216,078 (2022 - £212,532).

The surplus for the year was £53,565 (2022 - £31,983). This is split between a surplus on unrestricted funds of £54,085(2022 - £30,994) and a deficit on restricted funds of £(520) (2022 - surplus £989).

The Charity reserves at the year end totalled £639,773 on unrestricted funds and £3,744 on restricted funds.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

FURNESS HOMELESS SUPPORT GROUP

TRUSTEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Major risks

The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity was established by a charitable trust deed on 13th December 1995. It is a joint church and community organisation.

Trustees are appointed following suggestions which are brought before the board meeting and, if agreed, that person is then approached and asked if they are willing to undertake the role of trustees for FHSG. Appointment and induction procedures are then followed.

The trustees delegate the day to day running to the manager, Christine Bainbridge, and the other staff at FHSG. Several members of the management board also play an active role.

The trustees and management board examine the major risks that the charity faces each financial year when preparing budgets and discussing plans for the year ahead. The trustees have developed systems to monitor and control these risks on a regular basis, reviewing the position at each management board meeting, in order to mitigate the impact they may have on the charity.

Various other legal and administrative details, including the members of the management board are shown on the first page of the financial statements package.

The Trustees who served during the year were:

John Calvert Janice Sharp Simone Singleton

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The company's current policy concerning the payment of trade creditors is to:

The Trustee report was approved by the Board of Trustees.

.............................. John Calvert

Date: .............................................

FURNESS HOMELESS SUPPORT GROUP

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF FURNESS HOMELESS SUPPORT GROUP

I report to the Trustees on my examination of the financial statements of Furness Homeless Support Group (the charity) for the year ended 31 March 2023.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Sarah Roberts BSc FCA JL Winder & Co Chartered Accountants

Suite 6 Furness Gate Peter Green Way Barrow in Furness Cumbria LA14 2PE

Dated: .........................

FURNESS HOMELESS SUPPORT GROUP

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
Notes
£
£
Income from:
Donations and legacies
3
42,112
5,000
Charitable activities
4
214,736
-
Investments
5
7,795
-
Total income
264,643
5,000
Expenditure on:
Raising funds
6
402
-
Charitable activities
7
210,156
5,520
Total resources expended
210,558
5,520
Net income/(expenditure) for the year/
Net movement in funds
54,085
(520)
Fund balances at 1 April 2022
585,688
4,264
Fund balances at 31 March 2023
639,773
3,744		 Total
2023
£
47,112
214,736
7,795
269,643
402
215,676
216,078
53,565
589,952
643,517		 Total
2022
£
54,823
181,818
7,874
244,515
904
211,628
212,532
31,983
557,969
589,952

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

FURNESS HOMELESS SUPPORT GROUP

BALANCE SHEET

AS AT 31 MARCH 2023

Notes
Fixed assets
Tangible assets
11
Investment properties
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
15
Unrestricted funds		 2023
£
16,481
249,398
265,879
(3,272)		 £
284,715
96,195
380,910
262,607
643,517
3,744
639,773
643,517		 2022
£
21,172
181,420
202,592
(879)		 £
292,044
96,195
388,239
201,713
589,952
4,264
585,688
589,952

The accounts were approved by the Trustees on .........................

..............................

Janice Sharp Trustee

FURNESS HOMELESS SUPPORT GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

FURNESS HOMELESS SUPPORT GROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

1.5 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings 2% straight line Computers and equipment 20/33% straight line Fixtures and fittings 15% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

FURNESS HOMELESS SUPPORT GROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

FURNESS HOMELESS SUPPORT GROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

3 Donations and legacies

Unrestricted
Restricted
funds
funds
£
£
Donations and gifts
42,112
-
Other income
-
5,000
42,112
5,000
For the year ended 31 March 2022
38,060
16,763
Grants receivable for core activities
Government Grant re covid-19
-
-
Grantscape
-
5,000
-
5,000
4
Charitable activities
Unrestricted
Total
funds
2023
£
£
Shop takings
35,378
35,378
Housing benefit
135,645
135,645
Barrow Council
funding
32,500
32,500
Resident contributions
6,105
6,105
Ebay sales
-
-
209,628
209,628		 Total
2023
£
42,112
5,000
47,112
-
5,000
5,000		 Total
2022
£
44,156
10,667
54,823
10,667
-
10,667
Total
2022
£
32,764
110,370
32,500
6,150
34
181,818

FURNESS HOMELESS SUPPORT GROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

5 Investments

Unrestricted
funds
2023
£
Rental income
7,440
Interest receivable
355
7,795		 Total
2022
£
7,793
81
7,874

6 Raising funds

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Rental property costs 402 904
402 904

FURNESS HOMELESS SUPPORT GROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

7 Expenditure on charitable activities

Direct costs
Staff costs
Depreciation and impairment
Day centre costs
Rates
Cleaning
Insurance
Heat and Light
Repairs and renewals
Telephone
Shop salaries
Shop insurance
Shop heat and light
Shop rates
Shop telephone
Other charitable expenditure
Analysis by fund
Unrestricted funds
Restricted funds		 2023
£
136,027
10,415
1,678
5,114
1,540
8,530
14,666
9,943
672
18,084
698
2,554
236
240
5,279
215,676
210,156
5,520
215,676		 2022
£
118,164
10,196
237
4,827
1,857
7,098
5,459
36,067
1,356
18,634
581
1,168
305
240
5,439
211,628
195,854
15,774
211,628

8 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
Employees 10 7

FURNESS HOMELESS SUPPORT GROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

9
Employees
Employment costs
Wages and salaries
Other pension costs		 (Continued)
2023
2022
£
£
151,357
134,649
2,754
2,149
154,111
136,798		 (Continued)
2023
2022
£
£
151,357
134,649
2,754
2,149
154,111
136,798
136,798

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Tangible fixed assets

Tangible fixed assets
Cost
At 1 April 2022
Additions
At 31 March 2023
Depreciation and impairment
At 1 April 2022
Depreciation charged in the year
At 31 March 2023
Carrying amount
At 31 March 2023
At 31 March 2022		 Land and
buildings
Computers
and equipment
Fixtures and
fittings
£
£
£
335,501
32,255
36,116
-
1,925
1,161
335,501
34,180
37,277
52,386
26,538
32,904
6,710
2,350
1,355
59,096
28,888
34,259
276,405
5,292
3,018
283,115
5,717
3,212		 Total
£
403,872
3,086
406,958
111,828
10,415
122,243
284,715
292,044

12 Investment property

Investment property
2023
£
Fair value
At 1 April 2022 and 31 March 2023 96,195

FURNESS HOMELESS SUPPORT GROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

13 Debtors

Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income		 2023
£
13,176
3,305
16,481		 2022
£
18,335
2,837
21,172

14 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other creditors
Accruals and deferred income		 2023
£
526
2,746
3,272		 2022
£
107
772
879

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At
Fixed Assets
Grantscape
Previous year:
At
Grants received
Fixed Assets		 1 April
2022
Incoming
resources
Resources
expended
At 31 March
2023
£
£
£
£
4,264
-
(1,770)
2,494
-
5,000
(3,750)
1,250
4,264
5,000
(5,520)
3,744
1 April
2021
Incoming
resources
Resources
expended
At 31 March
2022
£
£
£
£
-
14,200
(14,200)
-
3,275
2,563
(1,574)
4,264
3,275
16,763
(15,774)
4,264		 1 April
2022
Incoming
resources
Resources
expended
At 31 March
2023
£
£
£
£
4,264
-
(1,770)
2,494
-
5,000
(3,750)
1,250
4,264
5,000
(5,520)
3,744
1 April
2021
Incoming
resources
Resources
expended
At 31 March
2022
£
£
£
£
-
14,200
(14,200)
-
3,275
2,563
(1,574)
4,264
3,275
16,763
(15,774)
4,264
4,264