Company registration Iiumber.. 03190740 Charity registration number.. 1056825 Friary Drop-in Ltd (A company limiied by guarantee) Annual Report alld Financial Statements for the Year Ended 31 March 2022 Cojnmunity Accounting Plus Units l & 2 North West 41 Talbot Street Nottin¥hatn NGI 5GL Friary Drop-in Ltd Contents Reference and Administrative Details Trustees, Report 2to4 Independent Examiner's Report Statement of Financial Activities 6t07 Balance Sheet Statement of Cash Flows Notes to the Financial Statements Ioto 19 Friary Drop-in Ltd Refer¢n¢¢ and Administrative D¢t#ils Tru5t¢es Paul Raiidle, (Chair) Richard McC.allum. {Vite Chair} David Shaw, (Treasurer) Alex Rae Timothy Martin Wenda Power Senior Management Tea Ben Talbot, Chief Executive Ann Bremner, General Manager Charity Registration Number 1056825 Company Regi5tratioTh Nu￿ber 03190740 Registered O￿lee 46 Musters Road West Bridgford Nottin(Tham Nottiiighan15hire NG2 7PR IndepeThdent Examiner John O'Brien. einployee of Community Accounting Plus Units l & ? North West 41 Talboi Sireet Noitingham NGI 5GL Bankers TSB Bank PIC 2 Davies Ri)ad West Bridgford Nottingham NG2 5JD CCLA Investment Management Limited The COIF Charities Deposit Fund 80. Cheapside London EC2V 6DZ CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Mallit]g Kent ME194JQ Page I Friary Drop-in Ltd Trust¢¢s' Report The trustees. who are directors for the purposes of company law, present the aiinual report together with the financial 5tatement5 of the charitable coinpany for the year ended 31 March 2022. Trustees and officers The trustees and officers serving during the year and sin¢e the year end were as follom's.. Trustees.. Paul Randle, (Chairl Richard Mccallum. (Vice Chair} David Shaw, (Treasurer) Alex Rae Timothy Martin Wenda Power Robin Lund (resigned 4 October 2021) Pamela Miles {resigned 27 April 2022) Strueture, govermanee and management 'o/ure ofgoverming do¢￿￿e￿I The charity is a company limited by guarantee and registered charity. It is operated under the ￿leS of its memorandum and article5 of associatioii dated 25 April 1996. It has no share capital and the liability of each etnber iii the event of winding-up is liinited to £1. Reerulimenl omd appointment oftrusiees TrUs￿es, who are also direciors of the company. are appointed by the member vote at the annual general meeting, although up to three may be co-opted during the course of an}, accounting year. Membership is by nominaiiL)n and this nomination can come from any of the three nominating bodies. These are West Bridgford Churches Together, Friends of the Friary. and the Friary URC Church. These persons shall be admitted as members, following the apprlival of the trustees and shall continue to be members of Friary Drop-ln Limited until they resign or their nominaiing organisations request their replacement. Full meetings of the trustees are held bi monthly along with the Finance sub committee, whilst rhe sukommitte¢s for Operations and Community Engagement meet qiiarterly. Objectives and aetivities Objects ftims {1) relief of poverty amongst persons living in the Rushcliff¢ and adjacent distrirts in th¢ county of Nottinghamshire b). the provision or assistance in the provision of facilities and activities to relieve thos¢ persons who maj. be considered to be iji necessitous circuinstsnces by being homeless {or in te￿porary accomtnodation) or unemployed; {ii) the advaiiceineiit of education amongst such per50n5 by the provision of advice, coun5elling and infonnation 5uitsble and relevant to their Iieeds and geared towards their poveTty; and {iii} the provisioi) or assistance in the provision of recreational and other leisure time activities in the interests of social welfare and with the object of improving the conditions of life for suth persons. Page 2 Friary Drop-in Ltd Trust¢¢s' Report Objectives, 51Tulegies andartivilies In fllrtherance to the above objects the Friary 5 mission 15 to einpower hotneles5 and vulnerable adult5 to rebuild their lives by offering practical 5ervice5, advice and emotioiial support. To thi5 end the or¥anisation offered these Specific services to beneficiarie5 during the course of the reportiiig year.. Professional advice and referral; GP surgery.. Homeless nursing team; Specialist wellare riJ(T ts advice: Welfare provision of food, clothing, toiletries and household items; Shower and laundry. Publi¢ benefil The principal artivity of Friary Drop-ln Limited is that of a chgritable organisation assisting the homeless, those in temporary ac¢ommodation and the unemployed. The trustees confimi that they have coinplied with the requirements of settion 17 of the Charities Act 2011 to have due regard to the public benelit guidai)ce published by the Charity Commission for Englai)d and Wales. Achievements and p¢rforman¢e The Friary supported in the region of 1.000 visitors to the Drop-li) Centre during this period. The eaily part ol. the period was al'fetted by the pai)demic and service Mas very Inuch restricted to the provision of food and clothing. Hot meals were also provided and delivered to the hotels hosting rough sleepers as part of the 'EveThone In, initiaiive. As the period progressed, we saw restrictions eased and the Friary was able io launch the new WelfarelBenefits Centre. This enabled more support to be provided to both existing and new visitors. Support was also prlivided on addiction. physicalimental health services. housing and debt by support workers and exiernal partners. Services at the Drop-ln Centre have now evolved to a point ￿here the doors are opened to rough sleepers on a Tuesday and Thursday for cooked break.fasts. This enables improved interaction with visitors and belter progression opportunities. Financial review In the pasL the Friary has grown considerably both in the scale of activity and ihe range of services we offer to those in need. Much of this has beeii financed through short-temi a£reemciits and the key concem has always been the relatively low level of predictable long-terni funding relating to grants and contracts. Iii this year, the organisatioii has continued its concerted effort of building sllstainability and diversity into our income streams in order to safegiiard our endeavours to meet the needs of our beneficiaries. We remain particularly reliant on the goodwill of individual and corporate donors and have made encoiiraging progress in our efforts to promote regular donations which help to bring about more predictable income. Poliry oll reserves At J 1st March 2022. free reserves amounted to £425.880 {2021'. £415,381}. This represents approximately 107% of annual expenditure (2021.. 106%). The trustees have been strategically investing reserves into charitable activity in recent years with the inteniiL)n of developing financial sustainability and the furtherance of charitable objects for the organisaiion. The surplus generated in this financial j'ear offsets the investment of these reserves in recent years and helps promote fiiiure sustainabiliry of services. The demand on our resources remains extremely high and the twstees are committed to ensuring that the charity is well resourced so thai energy can be devoted to delivering effective services rather than struggling for siirvival. Page 3 Fri2Th' Dropin Ltd Trustees. Report Mojorrtskn mandgemenioltho5e risls MoAageMenr0fR￿k Al prwnt, th¢ risk is thai ditferent fundin8 SITeams art Lmpjckd on by th¢ wsi ofiivLn8 crisis. Do supporters have the funds ￿ continu¢ io SUPFth the Friarf. Will trusts and grants srill bc around? Thi$ ig hard to predi¢1 and it is this uncertainty may shape the nexi few yews. Th¢ Friary is Cor￿louS of and Teco￿lS¢S the r)eed io fomiulate a fundraising siraie8y. StAterntnl of Truslees, ReSpDth￿b1llll The ITUtsIC¢S Iwho arc 41$0 IhL di[￿[￿rS of Friary Dropin for thc purp05cs of comp4rty 14wl ir¢ re$wknsibl¢ for pYeparin8 the trustees. repon aThJ the in accordance the United Kingdom A￿0￿11)￿8 Siattdards Iuniied Kingdom Generally Accep￿ Accounting Pr#¢ii¢el And appli¢able 18w 8nd Te8ulaiions. Th¢ rcp)rt Arwj acetxu)ts have been prepwtd ift xcordance vrith the provision5 111 Ihc Comp￿7¢$ Act 2{￿ ￿lating 10 sm811 ¢ompAnies. CoMp￿Y law T¢quhr¢s the In￿¢¢¢$ 10 pw fiDwia] for exh fmanciai year. Urwjcr company l&w the Irus¢tts musi noi BPPTOV¢ the finwKiJl $lal¢m¢hts unltss they are s•iisfied thai Ihey givc a truc and (Hir view of ihe stste of affairs of the ¢h8ritsble company ar¥J of ils in¢omins resouT¢es and applicarion of resources. includinB its in¢ome 8￿j expenditure. for that period. In prepAring thc5c sthtements. the trustees we required to.. Icci $ui¢thle xcouniing ￿11¢1￿ apply them c(ffi6iStrlltly; obs¢rv¢ the methoth and prI￿1P]eS in the Chuiiies SORP., mAke jud8eryxD￿ and estima*s that are rea￿[￿ble and pnthnL whcth¢r 4pplicabl¢ UK A¢¢ouThiin8 Stsndards have been followe