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2022-03-31-accounts

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 2022

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 2022

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 17
Detailed Statement of Financial Activities 18 to 19

BEACON HOUSE MINISTRIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

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 2022. 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 14 employed staff and 18 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. Through our association with the Essex Law Clinic we are also able to offer our Guests a degree of legal guidance.

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.

By utilising our own properties, and those we manage on behalf of the Colin Bennett Housing Trust, we provide 'Move-on' accommodation for a significant number of 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

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

ACHIEVEMENT AND PERFORMANCE Charitable activities

Developments in the Current Year

Given that Covid dominated virtually everything we did in 2020/2021, it is pleasing to report that although Covid continued to impact us throughout 2021/2022, that impact was significantly less than in the previous year.

By and large, we were able to carry on as normal, other than the times when staff absences due to Covid made it either unsafe or impractical to operate some of our services.

Having carefully reviewed, and amended, our staffing structure last year, this year was one of consolidation. Unfortunately, one of nurses retired at the end of the year and with her went many, many years of experience working with our homeless cohort. Replacing her with someone suitable has proved more difficult than anticipated but as I write this introduction to the accounts, I am pleased to say we now have a new nurse in place.

We continue engage the services of a locum GP (1 or 2 hours per week), to support the nurses and also to provide general guidance on medical matters.

Because we constantly strive to improve the ministry and services provided by Beacon House, we 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 2022

Statistics for the year ending March 2022
Number Percentage
Total number of people accessing services 447
New registrations during the year 174 39%
Males 372 83%
Females 75 17%
16 - 18 years 0 0%
19 - 25 years 42 9%
26 - 40 years 204 46%
41 - 60 years 188 42%
61 years + 10 2%
No age recorded 3 1%
Housing Status
Rough Sleeping (inc. in car) 59 37%
Night Shelter 36 21%
Sofa Surfing 26 15%
Recently housed 19 12%
B & B 1 1%
Temporary Accommodation 24 14%
Clinical Appointments 1,547 (375 patients )
GP Referrals 68 (50 patients )
Number of people accessed accommodation 86

Beacon House is by no means an island and we could not achieve all we currently do without the help of our volunteers, the partner organisations we work with and those who support us financially - individuals, churches, groups, companies and grant making bodies . I would like to record our grateful thanks to each and every one who has played their part in helping us seek to transform lives through the work of Beacon House.

FINANCIAL REVIEW

Financial position

The financial performance of Beacon House continues to be strong. Income from grants was good during the year but, as expected, individual and group donations were depressed due to the economic situation.

A surplus of £52,603 was made in the year which included £15,451 from gains on investments. Our policy is to retain free reserves equivalent to six months total operating costs.

The accounts for the year ended 31st March 2022 are set out in pages 6 to 19.

Page 2

BEACON HOUSE MINISTRIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

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 are in the process of reviewing how we use our own accommodation. It has been become very clear, and accepted by all parties, that there is a significant gap in Colchester for homeless people with complex needs (alcohol misuse, drug misuse, mental health) and we are looking at how we can best play our part in rectifying that situation. It is too early to say what the outcome will be but it is likely to include some kind of 24/7 supported accommodation with significant intervention from drug, alcohol and mental health professionals.

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.

As planned, we have increased our medical team to cope with the increasing demands being made on our services - and to provide a wider range of medical services than we have done in the past.

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

Registered office

36 Lexden Road Colchester Essex CO3 3RF

Page 3

BEACON HOUSE MINISTRIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

Trustees

C N Bennett Secretary A J Higginson Treasurer (resigned 12.5.22) F J Sheppard Chair R A Spencer Dr D P Watts R A Crayston C M Cussell B J Roberts J Lambert (appointed 5.9.22)

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 14 September 2022 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 2022.

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:

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

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

Page 5

BEACON HOUSE MINISTRIES

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

31.3.22
Unrestricted
Restricted
Total
fund
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
117,064
3,356
120,420
Charitable activities
Healthcare Services
-
116,321
116,321
Welfare Services
-
57,604
57,604
Housing Services
50,492
58,713
109,205
Development Services
-
63,934
63,934
Other trading activities
3
1,348
-
1,348
Investment income
4
5,370
-
5,370
Total
174,274
299,928
474,202
EXPENDITURE ON
Charitable activities
6
Healthcare Services
-
117,781
117,781
Welfare Services
42,916
62,420
105,336
Housing Services
45,061
60,173
105,234
Development Services
36,404
65,394
101,798
Support costs
-
-
-
Other
6,901
-
6,901
Total
131,282
305,768
437,050
Net gains on investments
15,451
-
15,451
NET INCOME/(EXPENDITURE)
58,443
(5,840)
52,603
RECONCILIATION OF FUNDS
Total funds brought forward
501,434
397,602
899,036
TOTAL FUNDS CARRIED FORWARD
559,877
391,762
951,639		 31.3.21
Total
funds
£
223,792
80,205
49,612
99,460
50,578
328
5,297
509,272
106,151
102,816
91,024
100,929
-
7,855
408,775
30,236
130,733
768,303
899,036

The notes form part of these financial statements

Page 6

BEACON HOUSE MINISTRIES

BALANCE SHEET 31 MARCH 2022

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
£
236,718
19,107
-
328,877
347,984
(24,825)
323,159
559,877
559,877		 Restricted
funds
£
391,762
-
193,688
38,031
231,719
(231,719)
-
391,762
391,762		 31.3.22
Total
funds
£
628,480
19,107
193,688
366,908
579,703
(256,544)
323,159
951,639
951,639
559,877
391,762
951,639		 31.3.21
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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 7

BEACON HOUSE MINISTRIES

BALANCE SHEET - continued 31 MARCH 2022

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 14 September 2022 and were signed on its behalf by:

F J Sheppard - Trustee

J Lambert - Trustee

The notes form part of these financial statements

Page 8

BEACON HOUSE MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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

Page 9

BEACON HOUSE MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

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
Donated Goods
Coronavirus Furlough Grants
OTHER TRADING ACTIVITIES
Sundry Sales		 31.3.22
£
107,709
12,000
711
120,420
31.3.22
£
1,348		 31.3.21
£
200,098
12,000
11,694
223,792
31.3.21
£
328

Page 10

BEACON HOUSE MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

4. INVESTMENT INCOME

INVESTMENT INCOME
31.3.22 31.3.21
£ £
Interest Received 49 81
Dividends 5,321 5,216
5,370 5,297
INCOME FROM CHARITABLE ACTIVITIES
31.3.22 31.3.21
Activity £ £
Grants Healthcare Services 116,321 80,205
Grants Welfare Services 57,604 49,612
Housing Income Housing Services 50,492 43,212
Grants Housing Services 58,713 56,248
Grants Development Services 63,934 50,578
347,064 279,855
CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
£ £ £
Healthcare Services 96,148 21,633 117,781
Welfare Services 85,073 20,263 105,336
Housing Services 85,313 19,921 105,234
Development Services 81,877 19,921 101,798
348,411 81,738 430,149
SUPPORT COSTS
Office Governance
Premises Depreciation Administration costs Totals
£ £ £ £ £
Other resources expended - - - 6,901 6,901
Healthcare Services 12,671 1,917 7,045 - 21,633
Welfare Services 12,670 2,261 5,332 - 20,263
Housing Services 12,670 1,918 5,333 - 19,921
Development Services 12,670 1,918 5,333 - 19,921
50,681 8,014 23,043 6,901 88,639
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.22 31.3.21
£ £
Depreciation - owned assets 8,014 7,909
Other operating leases 30,933 36,840
Independent Examiners remuneration - examination of the accounts 1,569 1,704

5. INCOME FROM CHARITABLE ACTIVITIES

6. CHARITABLE ACTIVITIES COSTS

7. SUPPORT COSTS

8. NET INCOME/(EXPENDITURE)

Page 11

BEACON HOUSE MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 31.3.22
£
275,971
15,163
12,255
303,389		 31.3.21
£
236,083
12,112
10,665
258,860

The average monthly number of employees during the year was as follows:

Healthcare Services
Welfare Services
Housing Services
Development Services		 31.3.22

4
4
4
3
15		 31.3.21
3
4
4
3
14

The full time equivalent number of employees was 9 (2021 - 8).

No employees received emoluments in excess of £60,000. As required by FRS102, the trustees consider that the charity has 3 (2021: 3) key management personnel, the combined remuneration being £109,436 (2021: £93,793)

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
223,792
Charitable activities
Healthcare Services
-
Welfare Services
-
Housing Services
43,212
Development Services
-
Other trading activities
328
Investment income
5,297
Total
272,629
EXPENDITURE ON
Charitable activities
Healthcare Services
24,486
Welfare Services
51,745
Housing Services
33,316
Development Services
48,892
Support costs
-		 Restricted
funds
£
-
80,205
49,612
56,248
50,578
-
-
236,643
81,665
51,071
57,708
52,037
-		 Total
funds
£
223,792
80,205
49,612
99,460
50,578
328
5,297
509,272
106,151
102,816
91,024
100,929
-

Page 12

BEACON HOUSE MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
Other 7,855 - 7,855
Total 166,294 242,481 408,775
Net gains on investments 30,236 - 30,236
NET INCOME/(EXPENDITURE) 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
12. TANGIBLE FIXED ASSETS
Freehold Leasehold Plant and Computer
property property machinery equipment Totals
£ £ £ £ £
COST
At 1 April 2021 and
31 March 2022 542,500 112,632 1,717 3,767 660,616
DEPRECIATION
At 1 April 2021 - 19,325 1,030 3,767 24,122
Charge for year - 7,670 344 - 8,014
At 31 March 2022 - 26,995 1,374 3,767 32,136
NET BOOK VALUE
At 31 March 2022 542,500 85,637 343 - 628,480
At 31 March 2021 542,500 93,307 687 - 636,494
The Freehold property was valued on 14 January 2019 and this value has been used. The Charity owns 70%
the Freehold property with the remaining 30% held by The Colin Bennett Charitable Trust for the Homeless.
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£ £
Trade debtors 2,424 1,200
Other debtors 2,154 9,004
Prepayments and accrued income 14,529 9,612
19,107 19,816

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 13

BEACON HOUSE MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

14. CURRENT ASSET INVESTMENTS

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		 31.3.22
£
193,688
31.3.22
£
831
9,960
14,034
231,719
256,544		 31.3.21
£
178,237
31.3.21
£
1,640
29,124
15,342
175,761
221,867

The deferred income relates to grants received in advance. All of the £175,761 deferred income brought forward was recorded as income during the year ended 31st March 2022.

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		 31.3.22
£
32,000
128,000
197,333
357,333		 31.3.21
£
32,000
128,000
229,333
389,333

17. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
90 East Hill, Colchester
91 East Hill, Colchester
Norfolk House Leasehold Improvements
TOTAL FUNDS		 At 1.4.21
£
501,434
76,421
250,165
71,016
397,602
899,036		 Net
movement
in funds
£
58,443
-
-
(5,840)
(5,840)
52,603		 At
31.3.22
£
559,877
76,421
250,165
65,176
391,762
951,639

Page 14

BEACON HOUSE MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

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
Community 360
Essex Community Foundation
Nationwide
Essex County Council
High sheriff
ECF Anglian Water for Housing and Health
Staff
Community Safety Development Fund for
Help to People Affected by Crime
All Church Trust for Digital Hub
Other
TOTAL FUNDS
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		 Incoming
resources
£
174,274
-
52,616
35,000
5,271
109,516
11,250
2,221
500
20,800
2,083
20,000
7,015
13,750
15,000
1,550
3,356
299,928
474,202		 Resources
expended
£
(131,282)
(5,840)
(52,616)
(35,000)
(5,271)
(109,516)
(11,250)
(2,221)
(500)
(20,800)
(2,083)
(20,000)
(7,015)
(13,750)
(15,000)
(1,550)
(3,356)
(305,768)
(437,050)
At 1.4.20
£
364,863
76,421
250,165
76,854
403,440
768,303		 Gains and
Movement
losses
in funds
£
£
15,451
58,443
-
(5,840)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(5,840)
15,451
52,603
Net
movement
At
in funds
31.3.21
£
£
136,571
501,434
-
76,421
-
250,165
(5,838)
71,016
(5,838)
397,602
130,733
899,036

Page 15

BEACON HOUSE MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

17. MOVEMENT IN FUNDS - continued

Comparative 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

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) Rotary Club of Colchester for Welfare Services Essex Community Foundation for Welfare Services

Essex County Council re Temporary Accommodation, Housing and Development Nationwide Building Society for Housing

Essex Association of Local Councils for Suicide Reduction Colchester Catalyst for Clinic Equipment Clinical Commissioning Group for Covid Nursing High Sheriff for Advocacy Support Essex Community Foundation Anglian Water for Housing and Health Staff Community Safety Development Fund for Help to People Affected by Crime All Church Trust for Digital Hub

Page 16

BEACON HOUSE MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

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 17

BEACON HOUSE MINISTRIES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

31.3.22 31.3.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 107,709 200,098
Donated Goods 12,000 12,000
Coronavirus Furlough Grants 711 11,694
120,420 223,792
Other trading activities
Sundry Sales 1,348 328
Investment income
Interest Received 49 81
Dividends 5,321 5,216
5,370 5,297
Charitable activities
Housing Income 50,492 43,212
Grants 296,572 236,643
347,064 279,855
Total incoming resources 474,202 509,272
EXPENDITURE
Charitable activities
Staff salaries 270,012 230,927
Social security 15,163 12,112
Pensions 12,255 10,665
Payroll fees 3,142 1,475
Clinic costs 12,081 8,442
Laundry 26 3,370
Miscellaneous 515 261
Housing Outreach - 15
Donated Goods 12,000 12,000
Café costs 2,902 1,543
Bursary for client 10,615 2,619
Occupational therapy 2,359 2,197
Housing costs 7,341 3,800
348,411 289,426
Support costs
Premises
Rent 30,933 36,840
Rates and water 340 335
Light and heat 7,832 7,017
Building maintenance 10,011 25,187
Cleaning 594 704
Carried forward 49,710 70,083

This page does not form part of the statutory financial statements

Page 18

BEACON HOUSE MINISTRIES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

31.3.22 31.3.21
£ £
Premises
Brought forward 49,710 70,083
Waste and miscellaneous 971 943
Professional fees - 840
50,681 71,866
Depreciation
Short leasehold 7,670 7,566
Plant and machinery 344 343
8,014 7,909
Office Administration
Travel Expenses 512 44
Volunteer Expenses 317 36
Staff Training 24 447
Postage and Carriage 147 394
Telephone 4,738 4,984
Stationery 1,161 1,100
Licences 2,183 605
CQC Fee 1,712 1,867
IT Equipment and Consumables 1,682 8,041
IT Software and Maintenance 956 4,040
Photocopier costs 1,385 456
Other 1,674 2,084
Insurance 4,389 4,875
Website 81 730
Data backup 2,082 2,016
23,043 31,719
Governance costs
Staff costs 5,959 5,156
Accountancy and legal fees 1,582 2,699
Advertising and Annual Report (640) -
6,901 7,855
Total resources expended 437,050 408,775
Net income 37,152 100,497

This page does not form part of the statutory financial statements

Page 19