2021-03-31-accounts

Company Number 03211815 Registered Charity Number 1056672

THE NELSON TRUST (Limited by guarantee with no share capital)

REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

THE NELSON TRUST CONTENTS FOR THE YEAR ENDED 31 MARCH 2021

THE NELSON TRUST

CONTENTS	PAGES
Charity information	3
Chair of Board ofTrustees’ report	4
List ofsupporting organisations	5
Trustees’ report	6 - 20
Independent auditor’s report	21-24
Statement offinancial activities	25
Balance sheet	26
Statement ofcash flows	27
Notestothefinancialstatements	28-45

The Nelson Trust Classification: Confidential

2

THE NELSON TRUST CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2021

THE NELSON TRUST

PRESIDENT

Rt Revd Rachel Treweek, Bishop of Gloucester

VICE PRESIDENTS

The Most Hon the Marquess of Reading The Hon Hugh Tollemache The Hon Mrs Rosie Tollemache

TRUSTEES

Dame Janet Trotter DBE, CVO (Chair) John Bensted Jo Daubeney Amanda Fadero Andrew Jardine Rhona MacDonald Naina Mandleker Dr Anne-Marie Marlow (until 16 October 2020) Justin Sargent James Tabor QC Claire Wynne Hughes

CHIEF EXECUTIVE

John Trolan

COMPANY SECRETARY

Stuart Thornton

SENIOR LEADERSHIP TEAM

John Trolan — Chief Executive Kirsty Day — Head of Recovery (from 1 February 2021) Niki Gould - Head of Women’s Community Services Christina Line - Head of Business Development Rose Mahon — Head of Excellence (until 31 May 2021) Louise Temple — Head of HR Stuart Thornton - Head of Finance

REGISTEREDAND	Nelson House	PRINCIPAL	Lloyds Bank PLC
PRINCIPAL OFFICE	Brimscombe Hill	BANKERS	12 Rowcroft
	Brimscombe		Stroud
	Stroud		Gloucestershire
	Gloucestershire		GL5 3BD
	GL5 2QP
SOLICITORS	Willans LLP	INDEPENDENT	Monahans
	28 Imperial Square	AUDITOR	38-42 Newport Street
	Cheltenham		Swindon
	Gloucestershire		SN1 3DR
	GLS50 1RH
WEBSITE	www.nelsontrust.com		@TheNelsonTrust

3

THE NELSON TRUST CHAIR OF BOARD OF TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

a eer TRUSTE

| am proud to have been the Chair of the Board of Trustees throughout 2020/21. It has been a year of challenge as a result of the environment created by the pandemic. All those involved in The Nelson Trust have responded magnificently supporting our clients.

My role is to help the Trust build upon its solid foundations and enable it to do more of what it does so well; helping those who can benefit from the services that it provides. We have updated our Strategy for 202125 which reflects what we have learned from operating in the pandemic. There is more information on this within the Trustees Report.

At the Nelson Trust we aspire to be the best at what we do. We exist to support people to overcome multiple disadvantage and deprivation including addiction, trauma and abuse, health and family issues and frequent contact with the criminal justice system. We know that anyone can change if given the opportunity of the right support at the right time. We also know that we can change and that we will improve how we work by focusing on our existing strengths and qualities. Our 2021-25 Strategy articulates how we will increase the number of people we support and how we will get even better at what we do. Weare needed as never before and our greatest assets, the skill and versatility of our staff and volunteers and the loyalty of our supporters, is awe-inspiring.

We aim to ensure that any woman with multiple and complex needs who would benefit from our services has, at the very least, the opportunity to access them. We welcome the Ministry of Justice’s Concordat on Women In or at Risk of Contact with the Criminal Justice System. By delivering a whole system approach across local partnerships and multi-agency forums we can together achieve outcomes that dismantle the intergenerational cycle of trauma, abuse and disadvantage.

Looking to the future, we remain excited and very grateful to have received a significant donation restricted to the development of our services in Bristol with the aim of establishing a Women’s Centre. We have been frustrated not to have acquired the Centre in 2021. We are confident, however, that we will do so in 2022.

| am fortunate to be supported by a highly capable and passionate Board of Trustees. | wish to thank them and all of the other volunteers associated with the charity across the whole spectrum of our activities, including front line service delivery, Hubs community recovery activities, and fundraising.

Last year | acknowledged the valuable contribution of Anne-Marie Marlow as a Trustee, who came to the end of her term of office in October 2020. This year, having reviewed the skills and experience of our current Trustees, | am delighted that we have recruited three new trustees to join the Board in early 2022, adding to its skillset.

As you read this Report and the accompanying financial statements, | hope that you will feel heartened by the commitment of the Trust to delivering only the best quality services to our clients who are impressively courageous in the face of trauma. The Board is grateful to its staff, and particularly to the Senior Leadership Team under who take the Nelson Trust forward in imaginative and innovative ways.

| also thank our clients for continually fuelling our belief that long-term recovery leads to thriving lives; and all of our supporters, including the organisations listed on page 5 whose significant or long-term donations, grants, pledges and partnerships have enabled us to achieve such positive outcomes with our clients.

----- Start of picture text -----
(App. i Ooft) hoyoS
Dame Janet Trotter
----- End of picture text -----

Me

Chair of the Board of Trustees Date:

The Nelson Trust Classification: Confidential

4

THE NELSON TRUST LIST OF SUPPORTING ORGANISATIONS FOR THE YEAR ENDED 31 MARCH 2021

THRINELSON TRUST

We offer a sincere thank you to the members of our Gloucestershire Fundraising Committee; and their supporters. We also thank the following organisations for their support across all of the areas in which we work and those with whom we have worked in partnership during the year: Ashley Family Foundation MV Hillhouse Trust Avon & Somerset Constabulary Nationwide Community Foundation Avon and Wiltshire Health Partnership NHS England Barnwood Trust Operation Blue Light BBC Children in Need PCC Brimscombe Police & Crime Commissioner - Avon and Beatrice Hankey Foundation Somerset Bibury with Winson and Barnsley Parochial Church Police & Crime Commissioner - Council Gloucestershire Bristol Community Health Police & Crime Commissioner - Wiltshire Bristol North West Food Bank Quartet Community Foundation C&JP Endowment Income Fund Sedgemoor District Council CHK Foundation Somerset Community Foundation Commonweal Housing Somerset County Council Stroud District Council Community Support Diocese of Gloucester Fund — EW Consulting Limited Stroud Town Council Fairshares Stroud United Charities Family Action Sumner Wilson Charitable Trust Family Space Susanna Peake Charitable Trust Fluck Convalescent Fund Thames Water Splash Gloucester City Council The Asda Foundation Gloucester Quays Rotary Club The Coutts Charitable Foundation Gloucestershire Clinical Commissioning Group The Gloucester Charities Trust Gloucestershire Community Foundation The Gloucestershire Society Gloucestershire County Council The John Armitage Charitable Trust Gloucestershire Gateway Trust The Julia and Hans Rausing Trust Gloucestershire Health & Care NHS Foundation The Long Table Hinkley Point C Community Fund The National Lottery Community Fund Homes in Sedgemoor The Pilgrim Trust J and M Britton Charitable Trust The Soroptimists, Bridgwater KPR Charitable Trust The Spirax-Sarco Group Charitable Trust Lister Communications Limited The Worshipful Company of Pewterers Masonic Charitable Foundation TKMaxx & Homesense Foundation Ministry of Justice Wessex Water Foundation Recovery Fund Western Power Distribution

5

THE NELSON TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021

THRINELSON TRUST E

The Trustees, who are also the directors for the purpose of company law, present their report and the financial statements of the charity for the year ended 31 March 2021.

VISION, MISSION & BELIEFS

In a constantly changing environment, it is more important than ever to retain a clear sense of:

1. Our long-term ambition for the organisation (“Our Vision”)

2. What we need to do to achieve that ambition (“Our Mission”) and

3. What beliefs we hold that underpin the work that we do (“Our Beliefs”)

Our Vision:

• e Aworld where both the causes and consequences of multiple disadvantage are understood, effectively tackled, and ultimately eliminated.

Our Mission:

• e Wewill bea centre of excellence bringing belief, hope and long term recovery to lives affected by addiction and multiple disadvantage.

Our Beliefs:

• e We believe that anyone can change and recover from addiction.

• e We believe in recovery through abstinence.

• e We believe that with the right support, understanding and empowerment, individuals can achieve their full potential.

• This Report details our progress towards achieving our Vision over the last twelve months.

CHARITY’S OBJECTS, ACTIVITIES AND THE PUBLIC BENEFIT REQUIREMENT

The Charity’s purpose is to support those affected, both directly and indirectly, and those at risk of being affected by, substance addiction, and those who are living with complex and multiple needs.

The charity’s Memorandum of Association, which was updated in 2020/21, include the following Objects:

• e to relieve and assist in the relief of sickness and distress amongst persons who have, or are recovering from, drug, alcohol and other addictions by the provision of treatment, rehabilitation programmes and accommodation;

• e to provide information and education services in order to try and prevent persons becoming addicted to drugs, alcohol and other substances;

• e to provide support for the families of those who are addicted to drugs, alcohol and other substances including advice assistance and support services for the families of such persons; and

• e to promote social inclusion for the public benefit by preventing people (in particular but not limited to women (who are vulnerable) from being socially excluded by relieving the needs of such people who are socially excluded and assisting them to integrate into society by means that are charitable in law.

6

ERE NELSRE TRUST

THE NELSON TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021

The charity’s services are available to the general public, including those who are either within the criminal justice system or are at risk of being so.

Clients are only required to pay any contribution towards the support that they receive from the charity if they have the financial means to do so.

We have referred to and complied with the duty within s.17 of the Charities Act 2011 to have due regard to the Charity Commission’s published general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.

The public benefit that the charity has delivered is conveyed within the section of this report below, ‘Description of Services and Strategic Plan’.

DESCRIPTION OF SERVICES AND STRATEGIC PLAN

We are a charity which works with and beyond addiction to inspire change.

We are committed to working for the benefit of communities to prevent people from being socially excluded, to address the needs of people with substance misuse problems, those who are in recovery and those affected by addiction and its associated consequences.

We lead and innovate where the constellation of substance misuse, trauma, offending and abuse lead to severe and multiple deprivation which impacts on whole families often perpetuating problems from one generation to the next.

We will continue enthusiastically to champion our belief in the capacity for personal change and growth and to promote the values of recovery from addiction.

In the year ended 31 March 2021 we provided residential treatment bedspaces available for a maximum of 44 clients at any one time, both men and women, and resettlement housing and support opportunities for up to 25 clients (also both men and women). We also provided support for women from our four women’s centres in Gloucester, Swindon, Bridgwater and Bristol. Hub recovery centre activities in two hospitality venues, through education provision and within our maintenance activities provided further support.

Strategic Aim

Our strategic aim continues to be to extend the depth and breadth of our services and to this end we created a newS year Strategy in early 2021. This Strategy was informed by our experiences of the impact of Covid 19 upon ourselves and those whom we support.

Operating background

In summary, the need for and demands of our services continues to increase at a time when there is a background of a potential decrease in the financial ability of the statutory sector, to invest in those services.

We were grateful to secure substantial additional funding in 2020/21 to deliver services across our region of activity, including funds from both statutory and non-statutory sources to support us through the disturbance to our services and additional costs incurred throughout the pandemic. This support demonstrates the high regard within which our services are held and the value that they deliver to the statutory sector.

The Nelson Trust Classification: Confidential 7

THE NELSON TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021

ere eae

We received donations in both 2019/20 and 2020/21 towards the expansion of our services in Bristol, and the creation of our Women’s Centre in Bristol. We identified a preferred location to purchase that centre in early 2021, but have not yet finalised the legal completion of the acquisition. In the meantime we continue to monitor the property market in Bristol.

STRATEGIC REPORT

Our Strategic Plan

As stated above we have refreshed our 5 year Strategic Plan and set five new objectives for 2021-25 across all of our activities:

• Quality - We strive to offer services which respond to the needs of our clients. We value the expertise of lived experience to both co-produce and deliver innovative services. We will ensure that our services are safe, effective, caring, well-led and responsive to our client’s needs.

• People — Our people make The Nelson Trust what it is. We will attract and retain the best people, and enable each member of our team to fulfil their potential by providing a working environment where they can feel valued for what they bring to the Trust, achieve and sustain a work/life balance, and feel engaged and stimulated in their work.

• Sustainability - We can only make a transformational change in people’s lives if we can be confident in our ability to sustain services over the long term. Achieving operational and financial sustainability is therefore key to our strategy. This will come through extending our reach, diversifying income streams and improving internal efficiency to ensure that we are a modern and financially stable organisation.

• Reach — More people than ever need our services. Although growth is important, it is not the driving factor behind our ambition to extend our reach. We are focussed on ensuring that as many people as possible can access the services they need, whether they are provided directly by The Nelson Trust, by other agencies, or in partnership. We will actively pursue partnership opportunities and innovative methods of delivery to achieve greater reach.

• Innovation — We will create tomorrow’s best practice today.

The Nelson Trust Classification: Confidential 8

EE ELSON TRUST

.

THE NELSON TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021

We set out below information on our impact, achievements, and activity in the past year, together with client feedback:

• 149 men and women were admitted to our residential treatment houses

• We constructed COVID secure spaces within our treatment services to enable visiting for families to visit their loved ones safely

• Wecontinued to achieve 85% occupancy of our treatment beds

----- Start of picture text -----
Annual Average Occupied Beds
42.0
40.0
ani | One Sto 37.5 37.5
32.0 | a pee see Bee
17-18 18-19 19-20 20-21
----- End of picture text -----

Our average occupancy rate for the 2021/22 year to date is 38.5 beds.

• As part of our Innovation objective, we started the co-design process for our new model of residential services — the Recovery Capital model. Our clients’ voices and their experience sit at the heart of programme design, and informs exactly how we will improve our future service delivery.

• Whilst our hospitality venues were closed to the public we used their space and dedicated teams to deliver cooked meals to food banks and children on school holidays. In response to food poverty in Cheltenham and Gloucester which has been exacerbated by the pandemic, we have worked in partnership to alleviate food poverty

• 1,845 women accessed our Women’s Community Services. We delivered services remotely and by outreach methods during 2020 when our Centres were temporarily unavailable

• We delivered over 90 education sessions to external organisations

• The Nelson Trust received an Action on ACEs Change Maker Award from The High Sheriff of Gloucestershire, Helen Lovett

The Nelson Trust Classification: Confidential 9 F

THE NELSON TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021

THEINELSON TRUST

Reaching women across the Southwest

----- Start of picture text -----
The Nelson Trust Women's Community Services
----- End of picture text -----

----- Start of picture text -----
2500
2000
2000 1845
1519
1500 1275
1000 700
500 220 265 265 265 965
0
2016-2017 2017-2018 2018-19 2019-20 2020-21
emf7 otal number of women accessing services
ewfiex Number of referrals under Criminal Justice Contracts
----- End of picture text -----

Positive progress for our clients

;

All women we work with have 4 or more needs, although not all women have a need across all pathways.

Our data records the following — clients are identified as having more than one need, consequently the percentages total more than 100%:

----- Start of picture text -----
% of clients
% of Clients] experiencing
with need | positive progress
Accommodation
Health
Finance, Benefit and Debt
Attitudes, Thinking, Behaviour
Supporting women who have engaged in sex working
Skills and Employment
Drugs and Alcohol
Children, Families, Relationships
Supporting women who have experienced violence
----- End of picture text -----

From a sample of 1,529 Nelson Trust’s Women’s Service clients, for whom reducing reoffending was a target outcome, 844 desisted from crime (55%) over five years. Although it is not easily possible to compare this with other people’s desistence (given the high levels of the use of substances, mental health service need, and lack of stable employment or housing of many clients) this is a positive outcome.

----- Start of picture text -----
1539 1 099 We N maintained noe
referred engagedservices with our jplg and/orreducedreducedoffendingthe
. frequency of
= hi offending
100% Ne, | \ 55%
844 of the1099
women who engaged desisted from crime
----- End of picture text -----

The Nelson Trust Classification: Confidential

10

THE NELSON TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021

----- Start of picture text -----
Milne
----- End of picture text -----

Impact upon the lives of those whom we support

The support delivered by the Nelson Trust makes a significant difference to the lives of those whom we support as expressed by their feedback, including:

Trevor’s Story

| came to The Nelson Trust straight from prison. | spent seven months here. Before | came, my life was a wreck. | would describe myself as horrible, violent and nasty.

| had an abusive childhood. From the age of 14 until | came into rehab, I’d never been clean from drugs. In addiction | didn’t care about myself. My children didn’t even matter to me, that’s how bad it was.

When| arrived, | wanted to turn around and leave straight away.Itwas very daunting and | didn’t trust anyone. | lost my identical twin three years ago and three weeks after his funeral, my mum committed suicide. | wanted to die too.

It took me a good few months to start to trust the staff but they kept persevering with me. My recovery worker while | was in detox suggested The Nelson Trust because it would help me deal with my traumas. | found the counselling and EDMR fantastic. Before | came here, | wouldn’t have recognised | needed help or asked for it. | would have just carried on doing what | was doing. I've met so many good people in here who’ve helped me through this programme. If it weren’t for the people in here, | wouldn’t have got through it. There’s been so many times | was feeling like walking out of this place when times got hard. And times do get hard in here. Times get really hard and challenging.

I’ve just started a professional cookery course at college. | didn’t even know how to cook before | came here. That’s through one of my peers at the house helping me. When they saw how much| enjoyed it, the staff helped me apply to do a college course. It’s been an eventful journey. | wouldn’t like to do it again. It’s taught me a lot about myself and what | was like back in addiction. | wouldn’t want to put myself through that again. Now I’m happy, healthy, clean and honest. I’m willing to do things. Being clean, | can now make my own choices. The Nelson Trust has given me my life back.

The Nelson Trust Classification: Confidential 11

THE NELSON TRUST TRUSTEES REPORT

cau TAuST us a

FOR THE YEAR ENDED 31 MARCH 2021

Carol’s Story

| was born into a life of domestic abuse and ended up in women’s refuges with my mum and little brother. | was sexually abused at ages 5 and 7 but I kept my horrendous secrets in fear | would not be believed.

As | grew up, | got into relationships with abusive partners and | was getting into trouble with the police. My mental health was rapidly declining and | turned to drugs and alcohol to block out my memories. | hated everything about myself and took an overdose to try and end my life. | hit rock bottom when my children went to stay full time with my mum and step-dad. Without my children | felt | had lost everything. | got into another abusive relationship and was arrested when | would snap and hit him back. He would call the police and claim it was him being abused. This is when things changed. While in police custody | was told about the SHE project. | agreed to a referral and received phone calls, texts and letters from a SHE worker offering support and the reassurance she would be there for me when | was ready to meet. For months | was too scared to answer or respond, | didn’t think anyone could help me or understand my _ pain. Soon after | met Kate there was another incident with my abusive ‘ex’ where | ended up being arrested again, but this time Kate was there for me, reassuring me | was not alone and making sure | was safe when | came home and that my family knew | was okay. | was never charged by the Police, an officer told me they could see | was the victim.

Kate helped make my house safe from my ex, she came to meetings with my drug and alcohol worker, housing officer and social worker. Together we sorted out my debt, arranged doctors’ appointments and she supported me with the application The Nelson Trust rehab in Stroud. She helped me understand | did not need to feel scared and was not on my own = anymore.

Now | am a Peer Support Volunteer and | have my family back. | see my daughters every day and together we are making happy memories. | am the happy, confident, healthy Mum | always wanted to be and am now one year sober.

My keyworker always reminds me to feel empowered and she says that it is me who has done all the hard work - she has just been there alongside me. Without her support | wouldn’t be here today. | have so much thanks to her and the amazing Nelson Trust team on the SHE project who are so dedicated to making a change and difference in women’s’ lives.

The Nelson Trust Classification: Confidential 12

THE NELSON TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021

iL) iadliadala

The evidence on the impact of Women’s Centres

• A Social Return on Investment analysis conducted by Women’s Resource Centre and the New Economics Foundation found that for every pound invested in their services, women’s organisations can generate, over five years, between £5 and £11 worth of social value to women, their children, and the state. This figure was calculated based on data from five frontline women’s organisations

• Arapid evidence assessment of effective interventions for women offenders, conducted for the National Offender Management Service identified that substance abuse treatment and gender-responsive cognitive behavioural programmes both reduce women’s offending. It also highlighted that gender-responsive approaches “show promise relative to gender-neutral programmes”

• Academic analysis has shown that outcomes for women who are given community orders are significantly better than for those sent to prison with 55.8% of women released from prison reoffending within a year compared to 26% of those commencing a community order.

The Nelson Trust Classification: Confidential 13

NELSON TRUST La

THE NELSON TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021

FINANCIAL REVIEW Annual Movement in Funds

The Trust’s Total Funds increased by £565,863 in the year ended 31 March 2021 (2020: increase of £1,731,528):

• An increase of £372,100 in Restricted Funds including new funds received to enable us to develop the services that we deliver in Bristol and establish a Women’s Centre in the city. We have started to deliver services, and incur costs, funded by Restricted Grant Income which was pledged in the last quarter of 2019/20 (and accounted for as income within that year). Further information on the charity’s Restricted Funds is contained in Note 20 to the accounts.

• The presentation of funds has been reviewed in the preparation of these accounts and as a result the balance sheet at 31 March 2020 has been restated.

The Board has agreed that the funds received under grants agreements to fund our Hub Enterprise activities should be treated as restricted funds and not expendable endowment funds, as previously presented, except where the restriction has already lapsed and in that circumstance the funding is treated as unrestricted.

The funds previously described as ‘Unrestricted Fixed Asset Funds’ have been renamed as ‘Designated Fund — Fixed Asset Funds’.

Further information on the restatement of Funds is included in Note 3 to the accounts.

• Anincrease in total Unrestricted Funds of £194,675.

Income and Expenditure - Unrestricted

The Board recognises the need to operate with unrestricted income in excess of expenditure. However, the operating environment of the hospitality elements of our Hub Enterprises continues to be challenging, and short term investment of unrestricted funds in those activities is still likely to be required.

Investments and Cash Balances

In view of the ongoing uncertainty of the economic outlook, the charity holds all of its cash funds on current and short term deposit accounts with its bankers.

Cash at bank and in hand amounted to £3,255,219 as at 31 March 2021 (2020: £2,300,804). The amount of this cash balance predominantly arises from the amount of unspent Restricted Funds, including the Funds in respect of our Bristol services and centre.

• Cash balances relating to unrestricted funds - £792,000

• Cash balances relating to Restricted Funds - £2,463,000

The Trust also holds units in the COIF Charity Funds “Charities Property Fund Income Units” in respect of its Permanent Endowment Fund, as set out in Note 11.

The Nelson Trust Classification: Confidential

14

THE NELSON TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021 ,

Sag ersOn TAUSY

Our Reserves and Our Reserves Policy

The term “reserves” (in accordance with the Charities SORP (FRS 102) definition) is used to describe income funds that are freely available to help the Trust meet its objectives.

“Free Reserves” are represented by our “Unrestricted General Funds”.

As at 31 March 2021:

• our Unrestricted General Funds (“Free Reserves”) stood at £655,647 (2020: £510,735)

• our Total Funds stood at £6,991,878 (2020: £6,426,015) > Permanent Endowment Funds being £41,265 (2020: £42,177) > Restricted Funds being £4,711,655 (2020: £4,339,555) > Designated — Fixed Asset of £1,583,311 (2020: £1,533,548).

Over the last two financial years the charity has received a substantial number of restricted grants, totalling over £3 million, to fund projects which have to a limited extent commenced in 2020/21, but will substantially be delivered in future years, In future years costs will be incurred on these projects, for which no income will be recognised in the financial statements.

The Trustees have agreed the following Reserves Policy:

‘The Trustees are aware of the need to maintain sufficient free reserves to enable the Trust to support the investment in sustainable services and to support clients. The Policy will be reviewed no less than annually, alongside the risks facing the Trust, to ensure that appropriate Unrestricted Free Reserves exist or can be generated.

The Finance & Performance Committee regularly reviews the general financial performance of the Trust, and its current and forecast Reserves and Cash positions. It will alert the Board of any concerns that it has in respect of these, together with any recommended actions arising from those concerns.’

The Trust will ensure that it has adequate free cash and reserves by having in place the structures and systems for rigorous planning, monitoring and reporting of financial performance, effective risk management and contingency planning and the requirement for swift management action to address any financial challenges.

The Trustees review the level of free reserves at each Board Meeting, and are satisfied with their level as at 31 March 2021, bearing in mind that, in addition to the free reserves and cash balances, the charity is also able to borrow funds secured against its property asset base.

The balance sheet includes freehold and long leasehold properties at a net book value of £2,957,000 as at 31 March 2021, and secured borrowings of £296,000.

These figures indicate the charity’s asset strength and its ability to obtain additional cash funds, if needed.

The Nelson Trust Classification: Confidential 15

THE NELSONTRUST TRUSTEESREPORT		THENELSONTRUST 4
FOR THE YEAR ENDED 31 MARCH	2021
Risk management
Systems and controls are in place to mitigate the major risks facing the charity. Risk management
processes and procedures are reviewed by the Finance and Performance Committee and are
subsequently reported upon to the Board
The principal risks affecting the charity and the actions to address those risks are:
		SpecificBusiness Continuity Plansto address the impact ofthe
		pandemicwhich contain action plans to address howwe continue
. . i, Pandemic outbreak impacts on the ability to Aeiivensnmtnns		to deliverservices ina safe and effective manner, and to . proactivelymanageouroccupancy levels. Staffmanagementplans to divert staffto front line services where necessary. Strong
		management ofworking cpaital to limit potential negative impact
		on cash flows
Adverse change in public finances results	in
reduced funds available forour services,		Close relationships with key individuals within Government bodies,
including a potential reduction ofdemand for _	giving us the ability to plan for anticipated changes
residential based services	:
		Regularcontact maintained with majorcustomers and funders which
		may provide intelligence forthe charity to anticipate and mitigate the
		impact of such an event. Maintaining contact with key funders.
Significant loss ofincome, such as the loss of
a major contract or failure ofa significant		the funding stream or deploying resources to alternative activities. We
customer.		are highly engaged in the discussions with the Ministry ofJustice's approach to its forthcoming reconfiguration of probation services in
		Summer 2021 so thatwe can anticipate and react to risks and
		opportunities
		We carry inherent risk as a result ofthe nature ofthe types ofour
		activities, particularly front line workers and volunteers within our
Failure to keep our clients, staffand volunteers
safe		effective recruitment, stafftraining and supervision, and compliance with
		Health and Safety legislation. We also have in place a robust approach
		to Safeguarding and Lone Working
The Hub community enterprises do not achieve]Strong management of performance indicators and ongoing review of
the planned improvements in performance.		financial information and future direction
		As a result offeedback from our staffsurvey we have created a
Risk that we are unable to recruit and retain		management/employee forum during which relevant matters are
skillful staff; or maintain a workforce with the
necessary skills; or that we are overdependent
on a few key employees		robust line management and appraisal process. We have identified
		areas of risk ofdependence and developed succession plans
	.

Going concern The Trustees have considered the going concern position of the charity, particularly having regard to the strength of the charity’s asset base and consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

The Nelson Trust Classification: Confidential 16

THE NELSON TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021

TE NELSON TRUST

Future plans

We will be acting in accordance with the aims contained within our 5 year Strategic Plan. These include:

• establishing a long term base for our Women’s Services in Bristol;

• continuing to prioritise Equality, Diversity and Inclusivity to ensure that we have access to the broadest talent pool;

• continuing to review staffing structures to improve progression and leadership opportunities throughout the Trust;

• continuing to implement innovative services that enhance our distinctiveness and reputation whilst measuring ourselves against agreed best practice;

• enhancing the ways in which our clients’ voices are heard, so as to ensure that the needs and voices of our beneficiaries are at the heart of all our operations;

• reviewing and developing systems that support us to be more efficient, produce the information we need and aid growth through the articulation of our impact;

• growing direct delivery in targeted areas including Criminal Justice and housing for women where we can make a real difference

We have already been successful in the Ministry of Justice’s procurement process for the women’s lots within their contract to support women at risk of entering the Criminal Justice system. This contract which started in June 2021, and runs until March 2025 has a total income value of £2.9 million, across the Bristol, Gloucestershire, Swindon and Wiltshire region. We were an existing supply chain partner for this area, and our income for this service was £360,000 in 2019/20.

We were also awarded the same contract covering South Wales, Gwent and Dyfed-Powys at an income value of nearly £2.0 million for the period from June 2021 until June 2023.

In 2022 we will also be commencing delivery of a new housing based service for women in Swindon.

The Nelson Trust Classification: Confidential 17

THE NELSON TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021

HMNELSON TRUST u

STRUCTURE, GOVERNANCE & MANAGEMENT

The Nelson Trust is constituted as a company limited by guarantee (registered in England and Wales), incorporated on 13 June 1996 and is governed by its Memorandum and Articles of Association.

The company is a registered charity and acts entirely as a non-profit-making organisation. The registered company number is 03211815. The registered charity number is 1056672. There are no subsidiary undertakings.

Structure and decision-making process

The Governing Body of the charity is the Board of Trustees. This currently comprises ten members and meets four times a year for board meetings, one of which includes an “away” day for strategic planning. Trustees can be appointed or re-appointed at a general meeting or by the Trustees, subject to the conditions set out in the Articles of Association. Typically, Trustees are appointed for a three-year term of office and, if eligible, may offer themselves for re-election.

The Trustees are a body of volunteers drawn from a wide range of relevant areas of expertise. New Trustees are appointed, as required, by the Board with reference to these areas of relevant experience. On appointment, new Trustees are given an induction programme to familiarise themselves thoroughly with the work of The Trust and their role and responsibilities, and are introduced to Charity Commission guidance. This programme includes meeting with existing Trustees and spending time with the Chief Executive, senior managers and departmental team leaders. The Trustees are encouraged to attend relevant training courses and these are regularly brought to their attention. Sub-committees of Trustees and relevant senior managers meet to review specific issues such as strategy, finance and performance, remuneration, and fundraising with reports to the full Board as required.

The Trustees as a Board have the decision-making authority in the following areas:

• Approval of the Strategic Plan

• Approval of Business Plans > Approval of Annual Budgets > Appointment of key executive staff > Authority for the Trust to enter into significant transactions involving the:

• Acquisition and disposal of property

• o Entering into loan or other borrowing agreements o Entering into significant contracts to deliver services; o Application for capital and significant revenue grants committing the Trust to buy property or provide services

The Senior Leadership Team meets at least once per month, depending on the business need, and carries operational responsibilities. The members of the Senior Leadership Team attend all Board meetings.

The remuneration of the Chief Executive is considered by the Remuneration Committee and is determined by the Trustees, with reference to comparable positions in non-profit organisations of a similar size and complexity. The salaries of other members of the Senior Leadership Team are determined by the Chief Executive with reference to the Remuneration Committee.

The Nelson Trust Classification: Confidential 18

THE NELSON TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021

Sats CBUSF

Internal controls

The Trustees confirm that internal control procedures are in place to provide reasonable, but not absolute, assurance against material misstatement or loss.

These procedures include:

• acomprehensive system of annual budgets, which are approved by the Trustees

• monthly financial performance reporting including monitoring of performance against budget > monitoring of operational performance against targets, including Trustees taking an active interest in operational delivery and seeking feedback directly from the charity’s staff

• Trustees reviewing controls through discussion with management

Fundraising Statement

Donors to The Nelson Trust can be assured that the charity complies with the Regulatory Standards for Fundraising.

The charity is registered with the Fundraising Regulator and is committed to the Fundraising Promise and adherence to the Code of Fundraising Practice.

This statement covers the requirements that charities must follow as set out in the Charities Act 2016.

It cost £4.4 million to provide our charitable activities this year. We raised over £260,000 through fundraising activities and donations towards these costs.

Further information on our income is included in Note 5 to the financial statements.

Our Fundraising activities include a calendar of well attended and high profile events, individual donations, major gifts, and grants. A small Fundraising team is employed by the Nelson Trust and we are fortunate to benefit from the work of volunteer fundraising committees.

The charity does not use external fundraisers.

We only contact people who have expressed their specific consent to receiving communications from us, and we will not contact those who have withdrawn their consent. We are ISO27001 accredited, and, as part of our processes to ensure that we keep data secure, we have internal audits; within the scope of these is our compliance with the General Data Protection Regulations. As part of our compliance audits we ensure that we act in accordance with people’s consent.

We havea policy that sets out that we do not tolerate fundraising from vulnerable persons.

We received no complaints about our fundraising activity during the year and have met the Fundraising Regulator’s standards throughout the year.

RELATIONSHIPS WITH CONNECTED PARTIES

The Trust has had no financial transactions with connected parties with the exception of those transactions disclosed in Note 17.

The Nelson Trust Classification: Confidential 19

THMNELSON TRUST a

THE NELSON TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2021

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees (who are also directors of The Nelson Trust for the purposes of company law) are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the. state of affairs of the charity and of its incoming resources and application of resources, including the income and expenditure, of the charity company for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently

• observe the methods and principles in the Charities SORP > make judgements and estimates that are reasonable and prudent > state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions, disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006 and the provisions of the charity’s constitution.

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Insofar as each of the Trustees of the charity at the date of approval of this report is aware there is no relevant audit information (information needed by the charity’s auditor in connection with preparing the audit report) of which the charity’s auditor is unaware. Each Trustee has taken all of the steps that he/she should have taken as a Trustee in order to make himself/herself aware of any relevant audit information and to establish that the charity’s auditor is aware of that information.

The Trustees’ Report was approved by the Board of Trustees, as the company directors and signed on the Board’s behalf by:

\/) JLb.0)- wile Dame Janet Trotter Chair

The Nelson Trust Date $ December 2021

The Nelson Trust Classification: Confidential 20

THE NELSON TRUST INDEPENDENT AUDITORS REPORT FOR THE YEAR ENDED 31 MARCH 2021

THRINELSON TRUST

Opinion

We have audited the financial statements of The Nelson Trust (the 'charitable company’) for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the charitable company's affairs as at 31 March 2021 and of its incoming resources and application of resources, including its result, for the year then ended

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice

• have been prepared in accordance with the requirements of the Companies Act 2006

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of[the][financial] statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

Conclusions relating to going concern , In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Report and Financial Statements, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

21

THE NELSON TRUST INDEPENDENT AUDITORS REPORT FOR THE YEAR ENDED 31 MARCH 2021

ELSON TRUST

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit

• the information given in the Trustees’ Report for the financial year for which the financial statements are prepared is consistent with the financial statements

• the Trustees’ Report has been prepared in accordance with applicable legal requirements

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us

• the financial statements are not in agreement with the accounting records and returns

• certain disclosures of trustees' remuneration specified by law are not made > we have not received all the information and explanations we require for our audit > the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Trustees’ Report

22

THE NELSON TRUST INDEPENDENT AUDITORS REPORT FOR THE YEAR ENDED 31 MARCH 2021

----- Start of picture text -----
TEE NGLSON TRUSE
----- End of picture text -----

Report of the Independent Auditors to the Members of The Nelson Trust

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charity and the provision of residential and community based addiction treatment, we identified that the principal risks of non-compliance with laws and regulations related to Care Quality Commission, health and safety, food safety, employment law, Companies Act 2006 and Charity Law, and we considered the extent to which non-compliance might have a material effect on the financial statements of the charity. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Statement of Recommended Practice and Companies Act 2006.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to revenue recognition, management override, and management bias in accounting estimates and judgemental areas of the financial statements such as the depreciation policy, valuation of debtors, accounting for multi year grants and valuation of fixed asset investments. Audit procedures performed by the audit engagement team included: > discussions with management and Trustees, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud

• understanding and review of management's internal controls designed to prevent and detect irregularities, and fraud

• review of the minutes of the Trustees meetings > designing audit procedures to incorporate unpredictability . > performing analytical procedures to identify any unusual or unexpected relationships that might indicate risks of material misstatement due to fraud

• review of the financial statements disclosures and testing to supporting documentation to assess

23

THE NELSON TRUST INDEPENDENT AUDITORS REPORT

THEREON TRUST a

FOR THE YEAR ENDED 31 MARCH 2021

compliance with relevant laws and regulations discussed above

• enquiring of the Trustees and third-party advisors about actual and potential litigation and claims

• testing transactions entered into outside of the normal course of the charity's business

• identifying and testing journal entries, in particular any journal entries with fraud characteristics such as journals with round numbers

• reviewing accounting estimates for management bias

• designing audit procedures over the timing of grant income

There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and the transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www. frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Report of the Independent Auditors to the Members of The Nelson Trust

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

HHA Maachens

Fiona Westwood (Senior Statutory Auditor)

for and on behalf of MHA Monahans Statutory Auditor Chartered Accountants 38-42 Newport Street Swindon SN1 3DR

Date: ., 146Decabe2024

24

THEINELSON TRUST

THE NELSON TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

		Unrestricted	Restricted Funds			Permanent	2021	2020
		Funds				Endowment	Total Funds	Total
						Funds		Funds
	Note
		£	£			£	£	£
INCOME & ENDOWMENTS FROM:
Donations		264,783	761,000	©		-	1,025,783	1,760,428
Charitable activities		3,501,710	506,962			-	4,008,702	4,294,728
Total income	5	3,766,493	1,267,992			-	5,034,485	6,055,156
EXPENDITURE ON:
Raisingfunds		(76,651)	-			-	(76,651)	(184,612)
Charitable activities		(3,495,167)	(895,892)			-	(4,391,059)	(4,137,914)
Total expenditure	6	(3,571,818)	(895,892)		.	:	(4,467,710)	(4,322,526)
Losses on investments	11	-	-			(912)	(912)	(1,102)
Net income/(expenditure)		194,675	372,100			(912)	565,863	1,731,528
Transfers between funds		-	-			-	-	-
Netmovement in funds		194,675	372,100			(912)	565,863	1,731,528
Reconciliation offunds:
Total funds brought forward
		2,044,283	4,339,555			42,177	6,426,015	4,694,487
Total funds carried forward
		2,238,958	4,711,655			41,265	6,991,878	6,426,015

The notes on pages 28 to 45 form part of these financial statements.

25

THE NELSON TRUST (COMPANY NO. 03211815) BALANCE SHEET AS AT 31 MARCH 2021

THE NELSON TRUST

	Note	2021	2020
		£	£
FIXED ASSETS
Tangible fixed assets	10	3,118,245	3,126,016
Investments	11	41,265	42,177
		3,159,510	3,168,193
CURRENT ASSETS
Stock	12	1,223	1,780
Debtors	13	1,613,993	1,777,317
Cash at bank and in hand		3,255,219	2,300,804
		4,870,435	4,079,901
LIABILITIES
Creditors: Amounts fallingdue within one year	14	(766,332)	(525,822)
NETCURRENTASSETS		4,104,103	3,554,079
Creditors: Amounts falling due aftermorethan oneyear	15	(271,735)	(296,257)
TOTAL NETASSETS		6,991,878	6,426,015
FUNDS OFTHE CHARITY
Permanent Endowment Funds	19	41,265	42,177
Restricted Funds	20	4,711,655	4,339,555
Designated— Fixed Asset Funds	22	1,583,311	1,533,548
Unrestricted —General Funds	22	655,647	510,735
TOTALCHARITYFUNDS		6,991,878	6,426,015

The financial statements were approved and authorised for issue by the Board of Trustees on 8 Decembe 262) and signed on its behalf by:

----- Start of picture text -----
/Wélley-
| [ne][ O] we Jf
Dame Janet Trotter
Chair
----- End of picture text -----

The notes on pages 28 to 45 form part of these financial statements.

26

THE NELSON TRUST STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2021

THENELSON TRUST

	Note		2021	2020
			£	£
Cash flowsfrom operating activities:
Netcashprovidedbyoperating activities	24		1,120,698	1,509,377
Cash flowsfrom investing activities
Proceeds from the sale of property and equipment			-	600
Purchase of propertyand equipment			(135,337)	(106,183)
Recovery ofinputVATon fixed assets acquired in prioryears			-	44,197
Netcash usedin investing activities			(135,337)	(61,386)
Cash flowsfrom financing activities:
Repayment ofborrowings			(23,757)	(23,189)
Bank interest and investment income received		i	3,803	6,036
Bank interest paid			(10,992)	(12,013)
Netcash usedinfinancing activities			(30,946)	(29,166)
Change in cashand cash equivalents inthe reportingperiod			954,415	1,418,825
Cash and cash equivalents atthe beginningofthe reporting
period	25		2,300,804	881,979
Cash and cash equivalents at the end of the reporting
period	25		3,255,219	2,300,804

The notes on pages 28 to 45 form part of these financial statements.

27

THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

THEINELSON TRUST

1. CHARITY INFORMATION

The Nelson Trust is incorporated in the United Kingdom as a company limited by guarantee with Companies House (registered number 03211815) and has no share capital. The liability of the charity’s members is set out in note 2(r) below. The Nelson Trust is also registered with the Charity Commission (registered number 1056672). The address of its registered office is Nelson House, Brimscombe Hill, Brimscombe, Stroud, Gloucestershire, GL5 2QP.

2. ACCOUNTING POLICIES

(a) Basis of accounting

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 2019)', 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 shown as market value.

(b) Going concern

The Trustees have considered the impact of COVID-19 on the going concern position of the charity and, having regard to the strength of the charity’s asset base and consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

Accordingly, they continue to adopt the going concern basis for preparing the financial statements as outlined in the Statement of Trustees’ responsibilities on page 20.

(c) Tangible fixed assets and depreciation

Tangible fixed assets are included at cost less an appropriate provision for depreciation. Depreciation is calculated to write off the cost of an asset less its estimated residual value over the useful economic life of the asset.

Freehold land is not depreciated.

Freehold property and improvements 2% Straight line method Leasehold improvements Over term of lease Straight line method Furniture, fittings and equipment 25% Straight line method Computer equipment 33% Straight line method Motor vehicles 25% Straight line method

(d) Income

Income is dealt with in accordance with the terms of the nature of the receipt.

Income is recognised in the period to which it relates and entitlement has arisen.

Donations are recognised when received unless amounts receivable can be determined with reasonable accuracy.

Income within our Hubs Community Recovery activities is recognised when it falls due.

Income from grants (including government grants), where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.

28

THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Saag ELSOR TRUST

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.

(e) Expenditure

Expenditure on raising funds includes those costs incurred in inducing others to make contributions to the charity, including those associated with running fundraising events.

Charitable activities include all costs directly relating to the objectives of the charity including costs involved in supporting that work. Specifically:

• Residential Services costs include the staff, premises and infrastructure costs for our residential treatment and resettlement properties. Client specific costs such as provision of food and the cost of delivering education, training and employment programmes are also included

• Women’s Community Services costs include the staff, premises and infrastructure costs for our Women’s Centres in Gloucester, Swindon, Somerset and Bristol

• Hub Community Recovery costs include the staff, catering supplies, premises and infrastructure costs for the Clean Plate in Gloucester, the Hub Maintains and the Hub Academy in Stroud, and the Sober Parrot in Cheltenham costs include costs of the Trustees to discharge their duties, and are included within

• costs. costs are those costs incurred directly in support of expenditure expenditure on the objects. These have

• allocated to activities on a basis consistent with the use of resources. .

• Pension costs charity admits employees to a defined contribution scheme. Contributions to that scheme are to the statement of financial financial activities as they become payable in accordance with the rules

• schemes. The charity does not operate a defined benefit scheme. an employee’s salary is funded by Restricted Funds, that funding also covers the pension for that that employee. .

Governance costs include costs of the Trustees to discharge their duties, and are included within support costs.

Support costs are those costs incurred directly in support of expenditure expenditure on the objects. These have been allocated to activities on a basis consistent with the use of resources.

(f) Pension costs

The charity admits employees to a defined contribution scheme. Contributions to that scheme are charged to the statement of financial financial activities as they become payable in accordance with the rules of the schemes. The charity does not operate a defined benefit scheme.

Where an employee’s salary is funded by Restricted Funds, that funding also covers the pension contribution for that that employee.

(g) Debtors

Trade debtors, other debtors and accrued income are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

(h) Cash and cash equivalents

Cash is represented by cash in hand and bank deposits accessible within 90 days, held at UK financial institutions.

(i) Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

(j) Permanent endowment funds Permanent endowment funds are an investment in an investment fund which transferred to the charity in 2016. Only the income, not the capital, of this donation can be spent.

29

THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Dae eran Hse

(k) Restricted funds

The restricted funds comprise donations and grants earmarked by the donors for specific purposes. The aim and use of the restricted funds is set out in the notes to the financial statements.

(I) Unrestricted funds

Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the objects or administration of the charity.

(m) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Bank loans are measured at amortised cost. Investments are valued at market value as at the balance sheet date.

(n) Significant estimates and judgements

• Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where material judgements and estimates have been made include: > Useful economic lives of tangible fixed assets - Annual depreciation charges for the tangible fixed assets are sensitive to changes in their estimated useful economic lives and residual values. Useful economic lives and residual values are amended when necessary to reflect current estimates and the physical condition of the assets. See Note 10 for the carrying amount of the tangible assets and Note 2(c) for the useful lives of each asset class.

• Impairment of debtors - The charity makes an estimate of trade debtors and other debtors. When assessing the impairment of trade debtors and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

• Income recognition of multi-year grants of restricted funds - The full value of multi-year grants of restricted funds have been included in the year in which they are awarded where there are no substantive criteria which the charity believes prevents it from having entitlement to the funds, where receipt is deemed to be probable and where the amounts receivable can be clearly measured.

(o) Operating leases

Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the statement of financial activities on a straight line basis over the term of the lease.

(p) Taxation

The company is a registered charity, and as such is entitled to taxation exemptions on all its income and gains, properly applied for its charitable purposes.

(q) VAT

Irrecoverable VAT is charged as a cost against the activity to which the associated expenditure relates.

(r) Liability of the members of the charity

The members of the charity undertake to contribute such amount as may be required, up to £10 from each member to the charity’s assets in the event that the charity is wound up.

30

THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Pag NaLSON TRUST

3. PRIOR YEAR ADJUSTMENT

The treatment of funds has been reviewed in the preparation of these accounts, and as a result the balance sheet at 31 March 2020 has been restated.

After the review of the funding agreements for capital grants given to fund the purchase of a number of properties, it has been determined that the funds should be treated as restricted fund as opposed to expendable endowment funds except where the restriction has already lapsed and in that circumstance the funding is treated as unrestricted.

The funds previously described as ‘Unrestricted Fixed Asset Funds’ have been renamed as ‘Designated Fund — Fixed Asset Funds’.

The impact upon the funds section of the balance sheet has been:

The impact upon the funds section of thethe balance	sheet has been:
		2020	2020 (as
		(as	previously
		restated)	reported
		£	£)
Expendable Endowment Funds	,	:	1,148,021
Permanent Endowment Funds		42,177	42,177
Restricted Funds		4,339,555	3,067,132
Designated Funds— Fixed Asset Funds		1,533,548	1,657,950
Unrestricted — General Funds		510,735	510,735
TOTALCHARITYFUNDS		6,426,015	6,426,015

TOTAL CHARITY FUNDS

4. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2020

		Unrestricted	Restricted	Permanent
		Funds	Funds	Endowment	Total Funds
				Funds
	Note
		£	£	£	£
INCOME & ENDOWMENTS
FROM:
Donations		410,820	1,349,608	-	1,760,428
Charitable activities		3,064,610	1,230,118	=	4,294,778
Total income	4	3,475,430	2,579,726	-	6,055,156
EXPENDITURE ON:
Raising funds		184,612	-	-	184,612
Charitable activities		3,198,887	939,027	-	4,137,914
Total expenditure	5	3,383,499	939,027	-	4,322,526
Losses on investments	19	-	-	(1,102)	(1,102)
Transfers between funds	22	7,356	(7,356)	-	-
Netmovement in funds		99,287	1,633,343	(1,102)	1,731,528
Reconciliation of funds:
Total funds brought forward	19-22	1,944,996	2,706,212	43,279	4,694,487
Total funds carried
forward	19-22	2,044,283	4,339,555	42,177	6,426,015

31

THE ELSE Ts NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

THE NELSON TRUST

5. INCOME

5. INCOME
				2021	2020
				£	£
Incomefrom fundraising activities and donations				264,783	460,428
Donations towards the establishment	of	a
Women’s Centre in Bristol				761,000	1,300,000
				1,025,783	1,760,428
Charitable activities ;
Residential services				1,754,345	1,720,971
Women’s Community services Hub Community recovery, including capital grants				2,123,853 130,504	2,348,205 _225,552
				5,034,485	6,055,156
Government Grants
Included within income are Government grants totalling £648,703				(2020:£158,730) comprising:
				2021	2021
				£	£
Police and Crime Commissioners (Gloucestershire,			Wiltshire &
Avon & Somerset) grants to support service delivery and to support the charity during the disturbance arising from the				321,733	151,730
pandemic
Local Government grants to support service delivery and to support the charity during the disturbance arising from the				186,197	7,000
pandemic
Grants under the Job Retention Scheme				80,773
					-
Ministry of Justice to support the	charity		during the
disturbance arising from the pandemic				60,000	-
;				648,703	158,730

The Police and Crime Commissioners in Gloucestershire, Wiltshire and Avon & Somerset and Gloucestershire Clinical Commissioning Group, have provided grants to deliver support services to women with multiple and complex needs, This group of clients includes:

• street sex-working women

• women who find it difficult to engage with statutory services because of rural isolation

Stroud District Council has provided a grant to support the development of our Hub Community Recovery activities in the town.

Sedgemoor District Council has provided a grant to support women who are at risk of being involved in, or are already involved in, serious organised crime.

The Police and Crime Commissioners in Gloucestershire, Wiltshire and Avon & Somerset, Stroud District Council, Cheltenham Borough Council, Gloucester City Council, Sedgemoor District Council and the Ministry of Justice have provided grants to support the charity with the additional costs, and the replacement of lost income, as a result of the disruption caused by the pandemic.

There are no unfulfilled conditions or other contingencies attaching to these grants and the charity has not directly benefited from any other forms of government assistance.

32

THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

EEE NELSON TRUST

6. ANALYSIS OF TOTAL EXPENDITURE

			Other
	Staff	Support	Direct		2021	2020
	Costs	Costs	Costs	Dep’n	Total	Total
	£	£	£	£	£	£
Raising Funds	62,324	8,918	4,221	1,188	76,651	184,612
Charitable expenditure
Residential Services	1,187,913	72,779	451,270	48,363	1,760,325	1,708,490
Women’s Community Services
	1,811,772	97,335	331,099	46,024	2,286,230	1,909,955
Hub Community Recovery	183,909	5,292	60,961	47,553	297,695	475,059
Governance	15,110	31,699	:	:	46,809	44,410
TOTALEXPENDITURE	3,261,028	216,023	847,551	143,108	4,467,710	4,322,526

Comparative figures for 2020 are:

				Other
		Staff	Support	Direct		2020
		Costs	Costs	Costs	Dep’n	Total
		£	£	£	£	£
Raising Funds		117,486	18,293	48,141	692	184,612
Charitable expenditure
Residential Services		1,154,614	73,144	434,101	46,631	1,708,490
Women’s	Community
Services		1,394,842	111,976	355,437	47,700	1,909,955
Hub CommunityRecovery	Recovery	299,892	11,311	125,187	38,689	475,059
Governance		13,333	31,077	:	-	44,410
TOTALEXPENDITURE		2,980,167	245,801	962,866	133,692	4,322,526

Governance costs include £15,110 in respect of the cost of staff preparing for and attending Board Meetings (2020: £13,333), £13,800 in respect of the audit fee for the annual accounts (2020: £14,820) £17,899 in respect of the audit of our IT governance arising from our ISO27001 accreditation (2020: £14,124) and £750 in respect of trustee training, travel expenses, insurance and other costs (2020: £2,133).

Costs are allocated to operating activities by reference to factors including the number of employees for HR and payroll costs, the number of IT users for IT costs, and by underlying activity levels for financial, central management and business development costs.

33

THE RELSER Theat NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

THE NELSON TRUST

7. SUPPORT COSTS

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |2021|2020| |£|£| |IT|and|office|costs|129,971|121,821| |Insurance|1,568|46,472| |Legal|and|professional|costs,|including|audit|costs| |recruitment|and|training|26,036|33,042| |Other|costs,|including|marketing|and|website|costs,| |membership|of sector|bodies|and|regulatory|cost|44,757|32,505| |Financing|costs|13,691|11,961| |216,023|245,801|

----- End of picture text -----

In 2020/21, £47,088 of insurance costs has been presented as a direct cost of our operational activities within Note 6 (2019/20 - £nil).

8. ANALYSIS OF STAFF COSTS AND REMUNERATION OF KEY MANAGEMENT PERSONNEL

----- Start of picture text -----
|||||| |---|---|---|---|---| |2021|2020| |£|£| |Wages|and|salaries|2,875,135|2,636,851| |Social|security|costs|219,861|187,284| |Pension|contributions|166,032|156,032| |3,261,028|2,980,167|

----- End of picture text -----

Where an employee’s salary is funded by Restricted Funds, that funding also covers the employers’ pension contributions for that employee. The average number of fulltime equivalent employees analysed by function was:

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2021|2020| |No.|No.| |Direct|charitable:| |-|Residential|and|Women’s|Community|Services|98|88| |-|Support,|including fundraising|and|business|development|17|16| |-|Hub|Community|Recovery|_|6|15| |121|119| |The average|headcount|of persons employed|by the Trust|during the year| |was|as|follows:| |-|Residential|and Women’s Community|Services|117|103| |-|Support,|including|fundraising|and|business|development|18|18| |-|Hub Community|Recovery|_10|_21| |144|142| |number|of|higher|paid|employees|was:| |£70,001|- £80,000|_1|=||

----- End of picture text -----

The number of higher paid employees was:

In the year contributions of £20,280 (2020: £20,280) were made in respect of the highest paid employee into a personal defined contribution pension arrangement.

The Trustees received no remuneration in either year.

34

THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Te NELSON TRUST

The remuneration of the key management personnel (including gross pay, employers national insurance and employers pension contributions) was:

				2021	2020
				£	£
Key	management	personnel	remuneration	400,009	341,981

Key management personnel are listed on page 3 of these financial statements, and comprised an average of 6.2 full time equivalent employees in the year (2020:5.3 FTE).

9. NET INCOME/EXPENDITURE FOR THE FINANCIAL YEAR

Net income/expenditure is stated after charging/(crediting):

Net income/expenditure is stated after charging/(crediting):	—
		£	£
Auditor’s remuneration for statutory audit		11,500	12,350
Depreciation		143,108	133,692
Loss on disposal offixed asset		-	4,956
Bank loan interest payable		10,992	12,013
Bank interest and investment income receivable		(3,303)	(6,035)
Operating lease rentals - plant and machinery		22,766	32,546
-landandbuildings		83,120	83,870

10. TANGIBLE FIXED ASSETS

		Freehold
	Freehold	and Long
	and Long	Leasehold	Leasehold		Furniture
	Leasehold	Improve-	Improve-	Motor	Fittings&	Computer
	Property	ments	ments	Vehicles	Equipment	Equipment	Total
	£	£	£	£	£	£	£
COST
At 1 April2020	3,009,145	593,101	96,797	46,072	269,344	158,400	4,172,859
Additions	-	12,039	-	-	14,538	108,760	135,337
At31 March 2021	3,009,145	605,140	96,797	46,072	283,882	267,160	4,308,196
DEPRECIATION
At 1 April2020	421,912	164,844	92,335	27,478	209,144	131,130	1,046,843
Charge forthe year	47,966	21,830	3,160	9,889	29,870	30,393	143,108
At 31 March 2021	469,878	186,674	95,495	37,367	239,014	161,523	1,189,951
NET BOOKVALUE
At31 March 2021	2,539,267	418,466	—1,302	—8,705	44,868	105,638	3,118,245
At 31March2020	2,587,233	428,257	4,462	18,594	60,200	27,270	_3,126,016

All fixed assets were used for charitable purposes.

Included in Freehold Property is an amount of £340,000 (2020: £340,000) representing freehold land.

35

THE Rehsos TES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

THE NELSON TRUST

11. INVESTMENTS

	Balance		Balance at
	at 1 April		31 March
	2020	Revaluation	2021
	, £	£	£
Investments	42,177	(912)	41,265

Investments are 36,637.49 units invested in the COIF Charities Property Fund (2020 — 36,637.49).

At 31 March 2021 unit bid price was 112.63 pence (2020: 115.12pence). The fund has been revalued to reflect this decrease.

The investments are the assets that underly the Permanent Endowment Fund (see Note 19).

During the year ended 31 March 2016 the Gloucestershire Probation Officer’s Samaritans Trust closed and transferred the balance of its COIF account to the charity at nil cost.

12. STOCK
	2021	. 2020
	£	£
Goods held for Resale
Food and Non-Alcoholic Beverages	1,223	__1,780
13. DEBTORS
	£	£
Amounts falling due within one year
Trade debtors	441,184	280,422
Other debtors :	474,006	510,204
Prepayments and accrued income	123,720	77,276
	1,038,910	867,902
Amounts falling due after more than one year
Other debtors	575,083	909,415
	1,613,993	1,777,317
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	£	£
Trade creditors	114,743	75,409
Taxation and social security	72,454	55,220
Accruals and deferred income	436,928	255,033
Bank loans	24,553	23,788
Other creditors	117,654	116,372
	766,332	525,822

Deferred income represents income received in advance of project delivery and totals £321,718 as at 31 March 2021 (2020: £140,751).

. 36

THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

LL eal iaaiaad

1. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |2021|2020| |£|£| |Bank|loans,|repayable|by|instalments|271,735|296,257| |Included|within|the|above|are|amounts|falling|due|as|follows:| |Amounts|due|between|1|and|2|years|25,378|24,553| |Amounts|due|between|2|and|5|years|94,997|93,268| |Amounts|due|after|more|than|5|years|151,360|178,436| |271,735|296,257|

----- End of picture text -----

The total amount of bank loans outstanding is £296,288, including the amount due within one year, which is included within Note 14, (2020: £320,045) arises from two bank loans:

One bank loan is repayable with interest paid at a variable rate. At 31 March 2021, the balance of the loan was £127,319 (2020: £140,359). The loan bears interest at 2.16% above the bank base rate and is repayable by December 2029. At 31 March 2021, the rate charged was 2.26% (2020: 2.91%).

The second loan is repayable with interest paid at a fixed rate. At 31 March 2021, the balance of the loan was £168,969 (2020: £179,686). The loan bears interest at 4.54% and is repayable by November 2032.

As at 31 March 2021 the loans were secured on Covington House and East Wharf Cottage, both in Brimscombe, Stroud, and 1 Brunswick Square, Gloucester.

16 . CONTINGENT LIABILITY

In 2018/19 the charity received £172,000 of grant funding towards the purchase of our Bridgwater Women’s Centre which is potentially repayable if the centre is not operated as a Women’s Centre until January 2029. The Trustees anticipate that the Bridgwater Women’s Centre will be used as a Women’s Centre until that date.

In 2017/18 the charity received £125,000 of grant funding towards the funding of the purchase and fit out of the Sober Parrot in Cheltenham, one of our Hub Enterprise activities. The grant is potentially repayableif the site is not operated as the Hub Enterprise until May 2024. The Trustees anticipate that the site will be used a Hub Enterprise activity until that date.

17. TRANSACTIONS WITH TRUSTEES AND RELATED PARTY TRANSACTIONS

During the year Bristol Community Health (‘BCH’), a Community Interest Company, made further donations to the charity, for the establishment of a women’s centre in Bristol, of £750,000 following a decision made by its Board to distribute BCH’s reserves by donations (2019/20: £1,300,000). Two members of the Board of BCH, who served until July 2020, were connected to The Nelson Trust. One of our Trustees, Rhona MacDonald, was a memberof the BCH Board. Aileen Fraser, who is married to the charity’s Chief Executive, was also a member of the BCH Board. These relationships facilitated the introduction of the charity’s senior team to the BCH Board.

During the year, Somerset Community Foundation made four grants totalling £20,500 to the charity (2019/20 — three grants totalling £58,250). One of our Trustees, Justin Sargent, is amember of the key management personnel of Somerset Community Foundation. He did not participate in the decisions by Somerset Community Foundation to make these grants to the charity.

37

THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

THE NELSON TRUST

During the year, Gloucestershire Community Foundation made two grants totalling £7,500 to the charity (2019/20 — nil). One of our Trustees, James Tabor, is the chair of the board of Gloucestershire Community Foundation and the Chair is the patron, although she is not involved in the Foundations governance. He did not participate in the decisions by Gloucestershire Community Foundation to make these grants to the charity.

The charity has rented a property (which was standing vacant pending the outcome of an options appraisal process) from Milestones Trust, commencing in September 2020, which acts as our temporary Women’s Centre in Bristol, at a cost of £750 per month inclusive of all services. The agreement is terminable by either party by serving one month’s written notice. One of our Trustees, Naina Mandleker, was a member of the key management personnel of Milestones Trust up to and including 30 April 2021. The terms of the lease are on an arms length basis. She introduced the key personnel at The Nelson Trust to their equivalents at The Milestone Trust but did not participate in any aspect of the lease agreement.

No expenses were reimbursed to Trustees (2020: 2 Trustees were reimbursed totalling £1,823) in respect of travel costs whilst acting as Trustees of the charity.

The charity is not required to disclose any other related party transactions during either the year ended 31 March 2021 or the previous year.

18. OPERATING LEASE COMMITMENTS

At 31 March, the charity had the following total minimum lease payments under operating leases in respect of equipment:

respect of equipment:equipment:
	2021	2020
	£	£
Payments to be made within one year °	9,929	21,592
Payments to be made between one and two years	9,929	6,306
Payments to be made in more than two years	12,883	14,399
	32,741	42,297
At 31 March, the charity had the following total minimum lease
payments under operating leases in respect of land & buildings:
	£	£
Payments to be made within one year ©	69,785	69,035
Payments to be made between one and two years	9,500	38,000
Payments to be made in more than two years	-	9,500
	79,285	116,535

38

THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

:

Cleat RUST

19. PERMANENT ENDOWMENT FUND

			Movement	in funds
		Balance				Balance at
		at 1 April				31 March
		2020	Income	Expenditure	Losses	2021
		£	£	£	£	£
Samaritan	Fund	42,177	-	-	(912)	41,265

The purpose of the fund is to make small grants to individuals within the criminal justice system to offer relief from poverty, to help provide assistance with education and other charitable purposes. The charity maintains the capital of the fund and make grants from the investment income of the fund.

The income that we receive from the fund, and the grants that we make are accounted for within restricted funds. The related investment assets are set out in Note 11.

Comparative figures for 2020 are:

			Movement	Movement	in funds
		Balance at					Balance at
		1 April					31 March
		2019	Income		Expenditure	Losses	2020
		£	£	.	£	£	£
Samaritan	Fund	43,279	-		-	(1,102)	42,177

39

Li llaacadl

THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

20. RESTRICTED FUNDS

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Movement|in|funds| |Balance|at|Balance|at| |1|April 2020|Transfers|31|March| |(as|restated)|Income|Expenditure|Out|2021| |Women’s|Community|Services|;|1,708,167£|495,992£|(732,655)£|£-|1,471,504£| |Funding for|the|purchase|and|start| |up|of|our|Women’s|Centre|in| |Bridgwater|228,736|-|(37,357)|-|191,379| |Funding|for|the|development|of| |services|in|Bristol|and||the| |establishment|of|a|Women’s| |Centre|in|Bristol|1,292,000|761,000|(80,799)|-|1,972,201| |Funding|for|the|delivery|of|our|4| |Hub|Enterprise|activities|1,103,863|-|(31,292)|1,072,571| |Residential|services|4,000|-|4,000| |Hub Community Recovery Centres|6,789|7,000|(13,789)|__|-| |TOTAL|RESTRICTED|FUNDS|4,339,555|1,267,992|(895,892)|=|4,711,655| |Comparative|figures|for|2020|(as|restated)|are:| |Movement|in funds| |:|Balance| |Balance|at|Transfers|at 31|March| |1|April 2019|Income|Expenditure|Out|2020| |£|£|£|£|£| |Women’s|Community Services|1,249,667|1,249,376|(790,876)|-|1,708,167| |Funding|for|the purchase and start| |up|of|our|Women’s|centre|in| |Bridgwater|296,407|12,350|(77,665)|(2,356)|228,736| |Funding|for|the|development|of| |services|in|Bristol|and|the| |establishment|of|a|Women’s| |Centre|in|Bristol|-|1,300,000|(8,000)|-|1,292,000| |Fundingfor|the delivery|of|our Hub| |Enterprise|activities|1,136,966|-|(33,103)|1,103,863| |Hub|Community|Recovery|Centres|23,172|18,000|(29,383)|(5,000)|6,789| |TOTAL|RESTRICTED FUNDS|2,706,212|2,579,726|(939,027)|(7,356)|4,339,555|

----- End of picture text -----

40

THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

a NELSON TRUST

21. SIGNIFICANT MOVEMENTS IN INDIVIDUAL FUNDS

Significant movements in individual funds during the year were:

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Movement|in|funds| |Balance|at|Balance|at|31| |1|April|March|2021| |2020|Income|Utilised| |(as| |restated)| |£|£|£|£| |Restricted|Funds| |ee|te|eee|FES|220,372|.|(148,241)|72,131| |Women|and|Girls|Initiative| |Establishment|of|Bridgwater|Women’s|228,736|:|(37,357)|191,379| |Centre| |Hinkley|Point|C Community|Fund|222,208|-|(69,317)|152,891| |Development|of|our|services|to|provide| |support to the women of EuStel with the|1,292,000|761,000|(80,799)|1,972,201| |aim|of|establishing|a|women’s|centre|in|/| |Bristol| |Supporting|sex|working|women|-| |National|Lottery|Community|Fund| |“Reaching|Communities”|and|75,651|85,000|(118,151)|42,500| |Gloucestershire|County|Council| |National|Lottery|Community|Fund|-RC| |South|West|Ree|—|“Empowering|489,087|7|(33,160)|455,927| |Change|Somerset| |National|Lottery|Community|Fund|-|RC| |South|West|Region —|473,256|-|(38,046)|435,210| |“Sex Worker|Outreach|Project”| |Young|women|S|project|funded|by|CHK|75,000|-|(40,625)|34,375| |Foundation| |Hard|to|Home|Gloucestershire|project,|49,250|5,000|(14,337)|39,913| |principally|funded|by|Nationwide| |Community|Foundation| |Funding|for|the|delivery|of|our|Hub|1,103,863|_|(31,292)|1,072,571| |Enterprise|activities| |Making|a|difference|for|children|and| |young|people|—|funded|by|BBC|Children|-|109,795|(24,690)|85,105| |in|Need| |The|Gloucestershire|Gateway Trust|-|20,000|(20,000)|-|

----- End of picture text -----

41

Pa SON TRUST

THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

The following work was performed during the year from grants and donations either received or receivable:

Women’s Community Services

• The National Lottery Community Fund and Gloucestershire County Council to improve the life chances of street-working women in Gloucestershire and Wiltshire.

• The National Lottery Community Fund “Women and Girls Initiative” to help fund the Promoting Change programmes in Gloucestershire and Wiltshire.

• The Summerfield Charitable Trust (Gloucester) to provide an outreach service to women with complex needs in rural areas who find it difficult to engage with mainstream statutory services. This work is also part-funded by the Gloucestershire Police & Crime Commissioner.

• The income arising from the Gloucestershire Probation Officers’ Samaritan Trust Permanent endowment fund is used to provide small grants for training and hardship support of those in the criminal justice system.

• Hinkley Point C Community Fund to enable us to provide services to increase the safety of women and girls in Somerset.

• Bristol Community Health CIC to enable us to develop our services to provide support to the women of Bristol, with the aim of establishing a women’s centre in Bristol.

• Nationwide Community Fund to help vulnerable women in Gloucestershire who are in contact with the criminal justice system including women in HMP Eastwood Park find stable accommodation

• The National Lottery Community Fund “Empowering Change Outreach Somerset” to help fund support to vulnerable women in Somerset who are facing severe and multiple disadvantage and complex needs

BBC Children in Need to fund support for young women at risk of sexual exploitation.

Hub Community Recovery Activities

• Stroud District Council to help fund education, employment and volunteer programmes for the benefit of the recovery community.

• Public Health England and Gloucestershire Environmental Trust to help fund our Hub Enterprises activities.

42

THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

neh ERUSE

|

22. UNRESTRICTED FUNDS

					Movement in funds
			Balance at			Transfers	Balance at
			1 April2020			Between	31 March
			(asrestated)	Income	Expenditure	Funds	2021
			£	£	£	£	£
General Funds			510,735	3,766,493	(3,461,722)	(159,859)	655,647
Designated	-	Fixed
Asset Funds			1,533,548	-	(110,096)	159,859	1,583,311
			2,044,283	3,766,493	(3,371,818)	-	2,239,958

The charity has significant investment in its buildings and other fixed assets. Fixed assets have been funded from general reserves, and from borrowings. The cash expended on such assets is not available for expenditure on future charitable objectives, consequently the trustees have agreed that the amount of £1,583,311 should be designated towards the future depreciation costs of these assets.

Transfers arise from fixed asset movements, including purchases and depreciation.

Comparative figures for 2020 (as restated) are:

					Movement infunds
						Transfers	Balance at
			Balance at			Between	31 March
			1 April2019	Income	Expenditure	Funds	2020
			£	£	£	£	£
GeneralFunds			408,532	3,475,430	(3,286,308)	(86,919)	510,735
Designated	-	Fixed
AssetFunds			1,536,464	-	(97,191)	94,275	1,533,548
			1,944,996	3,475,430	(3,383,499)	7,356	2,044,283

|

43

THE NELSON TRUST

THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

23. ANALYSIS OF NET ASSETS BETWEEN FUNDS

				Fixed	Current	Current	LongTerm
			_	Assets	Assets	Liabilities	Liabilities
				£	£	£	£	£
Unrestricted Funds
General Funds				-	1,397,426	(741,779)	-	655,647
Designated Funds -	Fixed	Asset
Funds			1,879,599		-	(24,553)	(271,735)	1,583,311
Total Unrestricted Funds			1,879,599		1,397,426	766,332	271,735	2,238,958
Restricted Funds			1,238,646		3,473,009	=	=	4,711,655
Permanent Endowment Funds				41,265	-	le	le	41,265
Total Funds			3,159,510		4,870,435	766,332	271,735	6,991,878
Comparative figures	for 2020 (as		restated) are:
					Current	Current	Long Term
			FixedAssets		Assets	Liabilities	Liabilities
				£	£	£	£	£
Unrestricted Funds
GeneralFunds				-	1,012,769	(502,034)	-	510,735
Designated Funds	-Fixed	Asset
Funds			1,853,593		:	(23,788)	(296,257)	1,533,548
Total UnrestrictedFunds			1,853,593		1,012,769	(525,822)	(296,257)	2,044,283
Total RestrictedFunds			1,272,423		3,067,132	-	-	4,339,555
PermanentEndowmentFunds				42,177	-	-	:	42,177
TotalFunds			3,168,193		4,079,901	(525,822)	(296,257)	6,426,015
24. RECONCILIATION OF NET INCOME				TO NET	CASH FLOW	PROVIDED BY	OPERATING	ACTIVITES
							2021	2020
							£	£
Net income for the	reporting period (as per statement of
financial activities)							565,853	= 1,731,528
Adjustments for:
Depreciation charges							143,108	133,692
Loss on disposal offixed assets							-	4,656
Losses on fixed asset investments							912	1,102
Bank loan interest paid							10,992	12,013
Bank interest and investment income received							(3,803)	(6,035)
Decrease in stock							557	2,481
Decrease/(increase)	in debtors						163.324	(335,184)
Increase/(decrease) in creditors							239,745	(34,876)
Netcashflowprovidedby		operatingactivities					1,120,698	_1,509,377

44

THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

SENELSON TRUST

25. ANALYSIS OF CASH AND CASH EQUIVALENTS	25. ANALYSIS OF CASH AND CASH EQUIVALENTS
			1 April	Cash		31 March
			2020	Flows		2021
			£	£		£
Cash and cash equivalents:
Bank balances, including balances in Notice	Deposits	(less
than 3 months)			2,294,958	956,027		3,250,985
Cash in Hand			5,846	(1,612)		4,234
			2,300,804	954,415		3,255,219
26. ANALYSIS OF CHANGES IN NET DEBT
	1	April	Cash	Other		31 March
		2020	flows	non-cash		2021
				changes
		£	£	£		£
Cash and cash equivalents:	2,300,804		954,415	-		3,255,219
Bank loans falling due within one
year	(23,788)		23,757	(24,522)		(24,553)
Bank loans falling due after more
than oneyear	(296,257)		-	24,522		(271,735)
	1,980,759		978,172	a:		2,958,931
27. CAPITAL COMMITMENTS					.

As at 31 March 2021 the Board had authorised the acquisition of our women’s centre in Bristol at a cost of £960,000 (2020: fnil).

There were no commitments which had been entered into to purchase capital assets as at 31 March 2021.

28. FINANCIAL INSTRUMENTS

The carrying value of the charity’s financial assets and liabilities are summarised by category below:

	2021	2020
	£	£
Financial assets
Measured at market value
- Investments (see Note 11)	___41,265	___42,177
Measured at undiscounted amount receivable
-Trade and other debtors and accrued income	1,576,119	1,777,317
- Cash at bank and in hand	3,255,219	2,300,804
	4,831,338	4,078,121
Financial liabilities
Measured at undiscounted amount payable#
-Trade and other creditors	741,769	502,034
- Bank loans	296,288	320,045
	1,038,087	822,079

45