**REGISTERED COMPANY NUMBER: 03177916 (England and Wales) REGISTERED CHARITY NUMBER: 1055109**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **FOR**
## **BEACON HOUSE MINISTRIES**
Baker Chapman & Bussey Chartered Accountants
3 North Hill Colchester Essex CO1 1DZ
**BEACON HOUSE MINISTRIES**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**|7|to|8|
|**Cash Flow Statement**||9||
|**Notes to the Cash Flow Statement**||10||
|**Notes to the Financial Statements**|11|to|19|
**BEACON HOUSE MINISTRIES (REGISTERED NUMBER: 03177916)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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**
## **Objectives and aims**
As per the Memorandum and Articles of Association, the Objects for which the Company was established are:
'The relief of poverty and sickness amongst people who are homeless, or have no permanent accommodation, by the provision, according to Christian principles and faith, of healthcare, counselling and other support services'.
The work at Beacon House started in August 1996 and a team of paid and volunteer workers carry out the functions of the Charity. All staff are committed to the principles of the Christian faith in accordance with the Charity policy. At the end of the year there were 15 employed staff and 25 regular volunteers working at Beacon House. The work was also supported by student placements from Colchester Institute and Essex, Suffolk, and Anglia Ruskin Universities.
The Day Centre and Primary Health Centre are conveniently located on Crouch Street and offer a very wide range of services, tailored to each individual. Healthcare services include two drop-in clinics, vaccinations, nurse consultations, sexual health services, cervical screening and needle exchange. Welfare services include breakfast and hot lunch, tea and coffee throughout the day, a barber, foot care, postal services, a computer suite, showers, laundry facilities, recycled clothing and help with alcoholism and smoking cessation.
Given that our aim is to walk with and empower our Guests on the journey towards self-fulfilled and independent lives, through our Occupational Therapy team (two qualified OT's plus an OT Assistant) we provide help with their personal development which includes life skill training and occupational therapy (both internal and external activities). Full health and wellbeing assessments are also provided using the nationally recognised Outcomes Star programme and this enables our Guests to move forward into healthier and more stable lives.
Beacon House also works very closely with a number of other organisations including Colchester Emergency Night Shelter, Emmaus, NACRO, Sanctuary Housing, Essex Law Clinic, Colchester Food Bank, Phoenix Futures, Alcoholics Anonymous, Colchester Borough Homes, Open Door, Open Road, STaRS and Job CentrePlus. We also interact, as appropriate, with the Police and Probation Service, with whom we enjoy a very good working relationship.
Through our own properties, and those we manage on behalf of the Colin Bennett Housing Trust, we provide 'Move-on' accommodation for up to 21 people.
## **Public benefit**
The directors have regard to the public benefit general guidance issued by the Charity Commission. They believe that the description of the Company's activities in this annual report evidences that those activities carry out the Company's objects for the public benefit.
Page 1
**BEACON HOUSE MINISTRIES (REGISTERED NUMBER: 03177916)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
Developments in the Current Year
Having finished off last year's report by saying it would be incomplete without a comment on Covid, never in our wildest dreams did we believe that Covid would completely dominate the whole of the following year (April 2020 - March 2021).
Although Covid fundamentally changed the way in which we delivered our services, we are delighted to report that, in contrast to many organisations, we were able to continue offering all of our existing services through the year - which meant we could maintain the support for our Guests, whatever their particular needs may have been.
For much of the year we were unable to have Guests inside, but instead became both a take-away and delivery service. Fortunately, we have large windows that open on to a wide pavement, so we were able to serve food and drink through one window, deal with medical issues through another and handle applications (Universal Credit etc) through the third. Many of the rough sleepers were temporarily housed, but often without adequate facilities, so we provided food/drink, medical assistance, TV's, radios, games etc in order to make it possible for them to comply with the 'stay at home' rules.
Although Covid brought with it a whole raft of challenges, there were a number of silver linings within that dark cloud. One of these was the gift of extra time - time which we put to very good use in two key areas.
The first area we explored was the practical layout of, and equipment portfolio within, Beacon House, and asked the question 'Is it fit for purpose, both now and for what we expect the future to bring?'. Following discussions with the relevant staff, and a very positive discussion with a generous funder, we made the required changes in a way that simply would not have been possible if we still had Guests inside the building.
Secondly, we considered our staffing structure - essentially using the same two questions. The outcome was that we made some changes to make us a) more efficient and b) better able to help those in need. Our Occupational Therapy Team was strengthened by redeploying one of our Project Workers as an OT Assistant (and replacing with a new Project Worker) and we employed a Clinic Manager to relieve the pressure from our two nurses and leave them free to concentrate on face to face interaction with patients rather than dealing with administrative tasks. We also added a second Housing Officer as the need, and therefore the job, had simply become too much for one person to deal with.
We also engaged the services of a locum GP (1 hour per week on average), to support the nurses and also to provide general guidance on medical matters.
The changes referred to above made a very positive improvement to the service we offer but, nevertheless, we will continually re-evaluate what we do, and how we do it, in order to ensure the services we offer are relevant to the need as it presents itself at any given time.
Statistics for the year ending March 2021
|Statistics for the year ending March 2021|||
|---|---|---|
||Number|Percentage|
|Total number of people accessing services|412||
|New registrations during the year|143|35%|
|Males|329|79%|
|Females|83|21%|
|16 - 18 years|2|0%|
|19 - 25 years|48|12%|
|26 - 40 years|179|43%|
|41 - 60 years|164|40%|
|61 years +|10|2%|
|No age recorded|9|2%|
|Housing Status|||
|Rough Sleeping (inc. in car)|78|62%|
|Night Shelter|1|0%|
|Sofa Surfing|10|8%|
|Recently housed|30|24%|
|B & B|7|6%|
|Clinical Appointments|1,151||
|GP Referrals|45||
|Number of people accessed accommodation|97||
Page 2
**BEACON HOUSE MINISTRIES (REGISTERED NUMBER: 03177916)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **FINANCIAL REVIEW**
## **Financial position**
The financial performance of Beacon House continues to be strong. Income from grants and donations increased in the year as a result of a wide range of initiatives and this enabled expenditure on important services to be further expanded to vulnerable people in the Colchester area.
A surplus of £130,733 was made in the year which included £30,236 from gains on investments. Beacon House held reserves of £501,434 in Unrestricted Funds and £397,602 in Restricted Funds at 31st March 2021. Our policy is to retain free reserves equivalent to six months total operating costs.
The Trustees are mindful that there could be a significant surge in the number and the needs of homeless people in Colchester as the Government temporary assistance provided in the Covid period unwinds resulting in Beacon House using its resources and reserves to provide considerably more help. Plans to develop and widen the services of Beacon House will be further developed after meeting this expected surge.
The accounts for the year ended 31st March 2021 are set out in pages 6 to 19.
## **Investment policy and objectives**
There are no long-term investment policies due to the uncertainty of our funding income. There is an aspiration to grow income and to continue to grow our services, and this policy will continue to be reviewed.
## **FUTURE PLANS**
We live in times that are both challenging and changing. No-one really knows what the homeless landscape is going to look like once things settle down post Covid but one thing we can sadly be sure about is - homelessness has not gone away and shows no signs of doing so in the foreseeable future despite all the government rhetoric and good intentions.
In recognition of the fact that housing people is only part of the story, as well as utilising our Occupational Therapy to work with our Tenant Guests, we have recently introduced afternoon training sessions covering a number of relevant topics, e.g. budgeting, cooking and managing a tenancy.
We are also in the process of expanding our medical team to cope with the increasing demands being made on our services.
Going forward, we will continue to review the need and, where necessary, adapt, our services to meet that changing need and again, where necessary, we will introduce new services where appropriate.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Beacon House is a registered charity and is a company limited by guarantee. As set out in our Memorandum and Articles of Association the Company is managed by its Directors, who determine its functions and policy and act as charity Trustees. Management and direction of routine operations, external relations and income generation is undertaken by the Chief Executive Officer, Steve Brown.
The trustees regularly review the skills, aptitudes and experiences that are required to ensure there is good governance. When vacancies occur, or skill gaps are identified the trustees approach individuals from the community who are known to meet the necessary criteria. There is an application and assessment process, after which new trustees are invited to join the board.
The trustees meet bi-monthly with the CEO to manage the strategic and operational aspects of the charity. Sub-committees, who report back to the main board, are formed where more in depth consideration of specific subjects is required. Trustees are required to visit the charity regularly in order to maintain strong and meaningful relationships with team members.
## **RISK MANAGEMENT**
The directors regularly review the major risks which the Charity faces and confirm that systems are in place to mitigate such risks, supported by regular reporting.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
03177916 (England and Wales)
## **Registered Charity number**
1055109
Page 3
**BEACON HOUSE MINISTRIES (REGISTERED NUMBER: 03177916)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **Registered office**
36 Lexden Road Colchester Essex CO3 3RF
## **Trustees**
C N Bennett Secretary A J Higginson Treasurer Dr A Kerr Medical (resigned 9.9.20) F J Sheppard Chair R A Spencer Dr D P Watts R A Crayston C M Cussell B J Roberts (appointed 9.9.20)
## **Company Secretary**
C N Bennett
## **Independent Examiner**
Baker Chapman & Bussey Chartered Accountants 3 North Hill Colchester Essex CO1 1DZ
Approved by order of the board of trustees on 8 September 2021 and signed on its behalf by:
F J Sheppard - Trustee
Page 4
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEACON HOUSE MINISTRIES**
## **Independent examiner's report to the trustees of Beacon House Ministries ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACA 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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 accounts to be reached.
Jacqueline Frost ACA Baker Chapman & Bussey Chartered Accountants 3 North Hill Colchester Essex CO1 1DZ
9 September 2021
Page 5
**BEACON HOUSE MINISTRIES**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021**
|**2021**
Unrestricted
Restricted
**Total**
fund
funds
**funds**
Notes
£
£
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**223,792**
**-**
**223,792**
**Charitable activities**
5
Healthcare Services
**-**
**80,205**
**80,205**
Welfare Services
**-**
**49,612**
**49,612**
Housing Services
**43,212**
**56,248**
**99,460**
Development Services
**-**
**50,578**
**50,578**
Other trading activities
3
**328**
**-**
**328**
Investment income
4
**5,297**
**-**
**5,297**
**Total**
**272,629**
**236,643**
**509,272**
**EXPENDITURE ON**
**Charitable activities**
6
Healthcare Services
**24,486**
**81,665**
**106,151**
Welfare Services
**51,745**
**51,071**
**102,816**
Housing Services
**33,316**
**57,708**
**91,024**
Development Services
**48,892**
**52,037**
**100,929**
Support costs
**-**
**-**
**-**
Other
**7,855**
**-**
**7,855**
**Total**
**166,294**
**242,481**
**408,775**
Net gains/(losses) on investments
**30,236**
**-**
**30,236**
**NET INCOME/(EXPENDITURE)**
**136,571**
**(5,838)**
**130,733**
**Other recognised gains/(losses)**
Gains/(losses) on revaluation of fixed assets
**-**
**-**
**-**
**Net movement in funds**
**136,571**
**(5,838)**
**130,733**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**364,863**
**403,440**
**768,303**
**TOTAL FUNDS CARRIED FORWARD**
**501,434**
**397,602**
**899,036**|2020
Total
funds
£
212,661
66,723
44,383
82,504
57,281
2,574
4,555
470,681
81,839
119,078
64,177
68,281
-
13,836
347,211
(6,227)
117,243
(5,924)
111,319
656,984
768,303|
|---|---|
The notes form part of these financial statements
Page 6
**BEACON HOUSE MINISTRIES (REGISTERED NUMBER: 03177916)**
## **BALANCE SHEET 31 MARCH 2021**
|Notes
**FIXED ASSETS**
Tangible assets
12
**CURRENT ASSETS**
Debtors
13
Investments
14
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
17
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
**238,892**
**19,816**
**2,476**
**286,356**
**308,648**
**(46,106)**
**262,542**
**501,434**
**501,434**|Restricted
funds
£
**397,602**
**-**
**175,761**
**-**
**175,761**
**(175,761)**
**-**
**397,602**
**397,602**|**2021**
**Total**
**funds**
**£**
**636,494**
**19,816**
**178,237**
**286,356**
**484,409**
**(221,867)**
**262,542**
**899,036**
**899,036**
**501,434**
**397,602**
**899,036**|2020
Total
funds
£
641,246
23,240
148,001
55,183
226,424
(99,367)
127,057
768,303
768,303
364,863
403,440
768,303|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 7
**BEACON HOUSE MINISTRIES (REGISTERED NUMBER: 03177916)**
## **BALANCE SHEET - continued 31 MARCH 2021**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 8 September 2021 and were signed on its behalf by:
F J Sheppard - Trustee
A J Higginson - Trustee
The notes form part of these financial statements
Page 8
**BEACON HOUSE MINISTRIES**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Sale of current asset investments
Net cash used in investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|**2021**
**£**
**237,998**
**237,998**
**(12,122)**
**5,297**
**-**
**(6,825)**
**231,173**
**55,183**
**286,356**|2020
£
153,324
153,324
(79,577)
4,555
(30,000)
(105,022)
48,302
6,881
55,183|
|---|---|---|
The notes form part of these financial statements
Page 9
**BEACON HOUSE MINISTRIES**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021**
## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
||||**2021**|2020|
|---|---|---|---|---|
||||**£**|£|
||**Net income for the reporting period (as per the Statement of Financial**||||
||**Activities)**||**130,733**|117,243|
||**Adjustments for:**||||
||Depreciation charges||**7,909**|7,237|
||(Gain)/losses on investments||**(30,236)**|6,227|
||Interest received||**(5,297)**|(4,555)|
||Decrease in debtors||**3,424**|54,788|
||Increase/(decrease) in creditors||**131,465**|(27,616)|
||**Net cash provided by operations**||**237,998**|153,324|
|2.|**ANALYSIS OF CHANGES IN NET FUNDS**||||
|||At 1.4.20|Cash flow|**At 31.3.21**|
|||£|£|**£**|
||**Net cash**||||
||Cash at bank and in hand|**55,183**|**231,173**|**286,356**|
|||**55,183**|**231,173**|**286,356**|
||**Liquid resources**||||
||Deposits included in cash|**-**|**-**|**-**|
||Current asset investments|**148,001**|**30,236**|**178,237**|
|||**148,001**|**30,236**|**178,237**|
||**Total**|**203,184**|**261,409**|**464,593**|
The notes form part of these financial statements
Page 10
**BEACON HOUSE MINISTRIES**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of Investments, which are valued at market value.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants and donations and is included in full when receivable. Gift Aid recoveries on donations from individuals are recognised in the same period as the donation.
Unrestricted grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Restricted grants are recognised on receipt except to the extent where the grant is time related to the delivery of a service in a future period it is carried forward as deferred income.
Government grants received in connection with the Covid-19 pandemic to cover furloughed employees (Coronavirus Job Retention Scheme) are recognised in donations under the normal recognition criteria.
Donated goods are included at the value to the charity where this can be quantified, and relates to food etc donated from supermarkets. The value of services provided by volunteers has not been included in these financial statements.
Investment income is included when receivable.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Expenditure includes non-recoverable VAT, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charitable company; this includes the preparation and examination of this annual report and financial statements, and costs linked to the strategic management of the charity.
Support costs are allocated to charitable activities based on floor space and estimated resources used.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided Leasehold property - Period of lease Plant and machinery - 20% on cost Computer equipment
- Period of lease
- Straight line over 3 years
Page 11
**BEACON HOUSE MINISTRIES**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Tangible fixed assets**
Freehold property consists of residential properties that have been converted by the charity from commercial use and are included at valuation at the time of the conversion. Depreciation is not provided on the freehold buildings as they are required to be maintained to a high standard, resulting in a residual value which would make any depreciation charges immaterial.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
The pension cost is allocated between activities and between restricted and unrestricted funds based on the analysis of the employee cost to which it relates.
## **Investments**
Investments are treated as current asset investments where they are held in readily accessible funds.
Listed investments are stated at market value less provision for any permanent diminution in value.The market value of listed investments is based on the closing middle market price on the London Stock Exchange.The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year.
## **2. DONATIONS AND LEGACIES**
## **3.**
|Donations
Grants for Capital Items
Donated Goods
Coronavirus Furlough Grants
**OTHER TRADING ACTIVITIES**
Sundry Sales|**2021**
**£**
**200,098**
**-**
**12,000**
**11,694**
**223,792**
**2021**
**£**
**328**|2020
£
145,475
55,186
12,000
-|
|---|---|---|
|||212,661|
|||2020
£
2,574|
Page 12
**BEACON HOUSE MINISTRIES**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **4. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||||||||
|---|---|---|---|---|---|---|---|---|
||||||||**2021**|2020|
||||||||**£**|£|
|Interest Received|||||||**81**|166|
|Dividends|||||||**5,216**|4,389|
||||||||**5,297**|4,555|
|**INCOME FROM CHARITABLE**|**ACTIVITIES**||||||||
||||||||**2021**|2020|
||Activity||||||**£**|£|
|Grants|Healthcare Services||||||**80,205**|66,723|
|Grants|Welfare Services||||||**49,612**|44,383|
|Housing Income|Housing Services||||||**43,212**|30,730|
|Grants|Housing Services||||||**56,248**|51,774|
|Grants|Development Services||||||**50,578**|57,281|
||||||||**279,855**|250,891|
|**CHARITABLE ACTIVITIES COSTS**|||||||||
||||||||Support||
||||||Direct||costs (see||
||||||Costs||note 7)|Totals|
||||||£||£|£|
|Healthcare Services|||||**76,961**||**29,190**|**106,151**|
|Welfare Services|||||**75,153**||**27,663**|**102,816**|
|Housing Services|||||**63,703**||**27,321**|**91,024**|
|Development Services|||||**73,609**||**27,320**|**100,929**|
||||||**289,426**||**111,494**|**400,920**|
|**SUPPORT COSTS**|||||||||
||||||Office||Governance||
||Premises||Depreciation||Administration||costs|Totals|
|||£|£||£||£|£|
|Other resources expended||**-**||**-**||**-**|**7,855**|**7,855**|
|Healthcare Services|**17,968**||**1,892**||**9,330**||**-**|**29,190**|
|Welfare Services|**17,966**||**2,234**||**7,463**||**-**|**27,663**|
|Housing Services|**17,966**||**1,892**||**7,463**||**-**|**27,321**|
|Development Services|**17,966**||**1,891**||**7,463**||**-**|**27,320**|
||**71,866**||**7,909**||**31,719**||**7,855**|**119,349**|
|**NET INCOME/(EXPENDITURE)**|||||||||
|Net income/(expenditure) is stated after||charging/(crediting):|||||||
||||||||**2021**|2020|
||||||||**£**|£|
|Depreciation - owned assets|||||||**7,909**|7,237|
|Other operating leases|||||||**36,840**|46,477|
|Independent Examiners remuneration -||examination of the accounts|||||**1,704**|1,536|
## **5. INCOME FROM CHARITABLE ACTIVITIES**
## **6. CHARITABLE ACTIVITIES COSTS**
## **7. SUPPORT COSTS**
## **8. NET INCOME/(EXPENDITURE)**
Page 13
**BEACON HOUSE MINISTRIES**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **10. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|**2021**
**£**
**236,083**
**12,112**
**10,665**
**258,860**|2020
£
184,894
7,666
5,381|
|---|---|---|
|||197,941|
The average monthly number of employees during the year was as follows:
|Healthcare Services
Welfare Services
Housing Services
Development Services|**2021**
**3**
**4**
**4**
**3**
**14**|2020
3
5
2
2|
|---|---|---|
|||12|
The full time equivalent number of employees was 8 (2020 - 9).
No employees received emoluments in excess of £60,000. As required by FRS102, the trustees consider that the charity has 3 (2020: 3) key management personnel, the combined remuneration being £93,793 (2020: £64,501)
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
157,475
**Charitable activities**
Healthcare Services
-
Welfare Services
-
Housing Services
30,730
Development Services
-
Other trading activities
2,574
Investment income
4,555
**Total**
195,334
**EXPENDITURE ON**
**Charitable activities**
Healthcare Services
13,207
Welfare Services
72,786
Housing Services
12,403
Development Services
9,092
Support costs
-|Restricted
funds
£
55,186
66,723
44,383
51,774
57,281
-
-
275,347
68,632
46,292
51,774
59,189
-|Total
funds
£
212,661
66,723
44,383
82,504
57,281
2,574
4,555|
|---|---|---|
|||470,681
81,839
119,078
64,177
68,281
-|
Page 14
**BEACON HOUSE MINISTRIES**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
|**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
fund
£
Other
13,836
**Total**
121,324
Net gains/(losses) on investments
(6,227)
**NET INCOME**
67,783
**Other recognised gains/(losses)**
Gains/(losses) on revaluation of fixed assets
(35,503)
**Net movement in funds**
32,280
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
332,583
**TOTAL FUNDS CARRIED FORWARD**
364,863
**12.**
**TANGIBLE FIXED ASSETS**
Freehold
Leasehold
Plant and
property
property
machinery
£
£
£
**COST**
At 1 April 2020
**542,500**
**109,475**
**1,717**
Additions
**-**
**3,157**
**-**
At 31 March 2021
**542,500**
**112,632**
**1,717**
**DEPRECIATION**
At 1 April 2020
**-**
**11,759**
**687**
Charge for year
**-**
**7,566**
**343**
At 31 March 2021
**-**
**19,325**
**1,030**
**NET BOOK VALUE**
At 31 March 2021
**542,500**
**93,307**
**687**
At 31 March 2020
542,500
97,716
1,030|
Restricted
funds
£
-
225,887
-
49,460
29,579
79,039
324,401
403,440
Computer
equipment
£
**3,767**
**-**
**3,767**
**3,767**
**-**
**3,767**
**-**
-|Total
funds
£
13,836
347,211
(6,227)
117,243
(5,924)
111,319
656,984
768,303
Totals
£
**657,459**
**3,157**
**660,616**
**16,213**
**7,909**
**24,122**
**636,494**
641,246|
|---|---|---|
The Freehold property was valued on 14 January 2019 and this value has been used. The Charity owns 70% of the Freehold property with the remaining 30% held by The Colin Bennett Charitable Trust for the Homeless.
Page 15
**BEACON HOUSE MINISTRIES**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Other debtors
Prepayments and accrued income
**14.**
**CURRENT ASSET INVESTMENTS**
Listed investments - COIF Investment Fund
**15.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors
Accrued expenses
Deferred income||**2021**
**£**
**1,200**
**9,004**
**9,612**
**19,816**
**2021**
**£**
**178,237**
**2021**
**£**
**1,640**
**29,124**
**15,342**
**175,761**
**221,867**||2020
£
6,250
7,276
9,714
23,240
2020
£
148,001|2020
£
6,250
7,276
9,714|
|---|---|---|---|---|---|
||||||23,240|
|||||2020
£
843
13,232
26,617
58,675||
|||||99,367||
The deferred income relates to grants received in advance. Of the deferred income brought forward £56,592 was recorded as income during the year ended 31st March 2021, with £2,083 carried forward.
## **16. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
|Within one year
Between one and five years
In more than five years
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
90 East Hill, Colchester
91 East Hill, Colchester
Norfolk House Leasehold Improvements
**TOTAL FUNDS**|At 1.4.20
£
**364,863**
**76,421**
**250,165**
**76,854**
**403,440**
**768,303**|**2021**
**£**
**32,000**
**128,000**
**229,333**
**389,333**
Net
movement
in funds
£
**136,571**
**-**
**-**
**(5,838)**
**(5,838)**
**130,733**|2020
£
32,000
128,000
261,333|
|---|---|---|---|
||||421,333|
||||At
31.3.21
£
**501,434**
**76,421**
**250,165**
**71,016**|
||||**397,602**|
||||**899,036**|
## **17. MOVEMENT IN FUNDS**
Page 16
**BEACON HOUSE MINISTRIES**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **17. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Norfolk House Leasehold Improvements
Big Lottery Reaching Communities
Colchester Borough Homes
Lloyds Bank Foundation
Clinical Commissioning Group
Garfield Weston
Rotary Club of Colchester
Essex Community Foundation
Nationwide
Essex Association of Local Councils
Colchester Catalyst
Clinical Commissioning Group for Covid
Nursing
**TOTAL FUNDS**|Incoming
resources
£
**272,629**
**-**
**45,326**
**26,000**
**21,008**
**60,137**
**15,000**
**3,333**
**22,275**
**24,996**
**3,752**
**3,000**
**11,816**
**236,643**
**509,272**|Resources
expended
£
**(166,294)**
**(5,838)**
**(45,326)**
**(26,000)**
**(21,008)**
**(60,137)**
**(15,000)**
**(3,333)**
**(22,275)**
**(24,996)**
**(3,752)**
**(3,000)**
**(11,816)**
**(242,481)**
**(408,775)**|Gains and
Movement
losses
in funds
£
£
**30,236**
**136,571**
**-**
**(5,838)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**(5,838)**
**30,236**
**130,733**|Gains and
Movement
losses
in funds
£
£
**30,236**
**136,571**
**-**
**(5,838)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**(5,838)**
**30,236**
**130,733**|
|---|---|---|---|---|
|||||**(5,838)**|
|||||**130,733**|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
90 East Hill, Colchester
91 East Hill, Colchester
Norfolk House Leasehold Improvements
**TOTAL FUNDS**|At 1.4.19
£
332,583
61,675
180,146
82,580
324,401
656,984|Net
movement
in funds
£
32,280
14,746
70,019
(5,726)
79,039
111,319|At
31.3.20
£
364,863
76,421
250,165
76,854|
|---|---|---|---|
||||403,440|
||||768,303|
Page 17
**BEACON HOUSE MINISTRIES**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **17. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
90 East Hill, Colchester
91 East Hill, Colchester
Norfolk House Leasehold Improvements
Colchester Borough Council
Big Lottery Reaching Communities
Colchester Borough Homes
Lloyds Bank Foundation
Clinical Commissioning Group
Police and Crime Commission
Rotary Club of Colchester
Essex Community Foundation
Nationwide
ECC - Local delivery pilot
**TOTAL FUNDS**|Incoming
resources
£
195,334
-
55,186
-
950
52,107
23,687
20,696
61,549
9,998
3,335
24,426
22,913
500
275,347
470,681|Resources
expended
£
(121,324)
-
-
(5,726)
(950)
(52,107)
(23,687)
(20,696)
(61,549)
(9,998)
(3,335)
(24,426)
(22,913)
(500)
(225,887)
(347,211)|Gains and
Movement
losses
in funds
£
£
(41,730)
32,280
14,746
14,746
14,833
70,019
-
(5,726)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
29,579
79,039
(12,151)
111,319|
|---|---|---|---|
## **Property**
All the £93,879 Restricted Fund grants received in the three years to 31 March 1999 for the purchase of 90 East Hill, Colchester, were spent on establishing this base for Beacon House. All the £251,375 Restricted Fund grants received in the three years to 31 March 2004 for the purchase, refurbishment and adaptation of 91 East Hill, Colchester, were spent on creating an enlarged Beacon House.
A grant of £55,186 was received and spent during the year ended 31 March 2020 from the Department of Health and Social Care for the conversion of the the Freehold property at East Hill.
Grants of £87,200 had been received during the year to 31 March 2019 to Improve the leased property at Norfolk House. Of this £82,406 had been spent during the year to 31 March 2019 with the remainder spent during the year ended 31 March 2020 on those improvements. The costs are being written off in line with the amortisation of the expenditure.
## **Grants**
Colchester Borough Council for Welfare Services Big Lottery Reaching Communities for Occupational Therapy Colchester Borough Homes for Homeless Prevention Lloyds Bank Foundation for Specialist Staff Clinical Commissioning Group for Nursing Garfield Weston for Café Plus (Welfare Services) Police and Crime Commission for Welfare Services Rotary Club of Colchester for Welfare Services Essex Community Foundation for Welfare Services Essex County Council for Welfare Services Nationwide Building Society for Housing Essex Association of Local Councils for Suicide Reduction Colchester Catalyst for Clinic Equipment Clinical Commissioning Group fort Covid Nursing
Page 18
**BEACON HOUSE MINISTRIES**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **18. RELATED PARTY DISCLOSURES**
Colin Bennett is a Trustee of the Charitable Company and also a Trustee of The Colin Bennett Charitable Trust for the Homeless.
The Colin Bennett Charitable Trust for the Homeless own the remaining 30% of the Freehold property.
The Colin Bennett Charitable Trust for the Homeless own other properties which are managed by the Charity.
The Charity receives a management fee in respect of the properties managed on behalf of the Colin Bennett Charitable Trust for the Homeless.
Page 19