' DoEu&gn Envelw ￿.. C80391B>74CA4E2MF&446AC50687781 Registered number.. 03259904 Charity number.. 1058737 Jimmy's CAMBRIDGE JIMMYS CAMBRIDGE TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 •A8HIBU1￿￿ 1811112022 COMPANIES HOUSE #342 DoASlgn Env￿￿ ID.. ce0391￿74cA4E2W￿46AG￿6Bl781 JIMMY'S CAMBRIDGE CONTENTS FOR THE YEAR ENDED 31 MARCH 2022 Page Reference and admini51rative delarfs of Ihe charity. Injstees and adv*r3 Trustees, r•pNt IndeF¢ndeThl auffjws rewt &10 ststement of ffinanLJ￿ activ￿8$ Balance sheet 12 Cash flow statement 13 Notes to the fmanual statemgnts 14-23 Oocu&'w Envaoy ID.. c80391B>74cA4E204F￿46Ac￿87T8l JIMMY'S CAMBRIDGe REFERENCE AND ADMINISTRATIVE OETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDEO 31 MARCH 2022 Truste• Hannah Bakn￿"n Paula Beki￿c￿￿Tr Fiona Blake Wendy Godtrey . Benjamin HOK (appointed 13 Sopi8mb8r 20211 .Geoff MaThn Jane Mann John M¢Hale Iwgned 13 Septeml)er 20211 Asha Praseedom Chris Shelwin Jarnes Srnilh John Stanton Company reg15ter•d number 03259904 Charlty re9lstered numb*r 1058737 Registered offlG• 1 East Road Cambridgè C81 18D Cornpany se¢Y•tsry G¢otf Klann Chief Ex•cuttve Math Al￿n Indepondent audlttys Chaier Allan LLP, Unil 7 Quy Court. StVW-cum-Ouy, Camwe C825 9AU Bank•FS Bwclays Bank PIC 28 Chest•rton Road Cambridg8 C84 3AZ 0oèuSKJn Enydope ID.. C803918&f4CA4E204F￿-l6AcSD6B778l JIMMYS CAMBRIDGE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 The trustees, who are also directors of the Charity for the purposes of the Companies Act. present their 8nnual report and the audited accounts for the year ende(131 March 2022_ The financial staternenls comply wilh the Charities Act 2011, the Companies Act 2006, the MerrKJrandum and Arkn"cles of Association, and Accounting and Reporting by Charities.. Slalement of Recommernled Pracli¢e applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applica￿e in Ihe UK and Reputs1￿ of Ireland {FRS 102) leffe¢tive 1 January 2019). Objectives and Actlvlties The Charity's objective is to ￿lieve poverty amorwjst persons in Cambridgeshire who a￿ homeless or vulnerabty housed. Our Vlslon Al Jimmy's we believe no-one shoubj have to sleep rwh in Cambridge. Our Mission We have sale places that people call home- from immediate acLess 24n emergency accommodation to interim homes as slepping-slones lo independenl livry￿. We offer targeted wraparound support- lo promote mental wellbeing and help them futfii their goals. We use evidence - lo improve services aThJ impact and to be a voice for change. Reviewing this yearfs priorit••s In 2021122 we continued to work towards and deliver upon the priorilies pjentified in a survey of residents. staff. Iruslees an¢J volunteers carried out during 2020121. The last couple of years have been challerLging in many ways. yel Jimmy's remained fvlly open Ihroughoul the pandemic, and we have still been able to adapt and increase our offer lo people would otherwise be sleeping rwgh. Our aehlevements for 2021122 Supported 550 people who have b•en horn8l•s$ and rough $leeplng - Jimm￿5 supporied nearly 550 pewle in a range of different ways, wth every P¢fson we helped someone thal has been sleepirbg rough or 50rneone who has been living in very vulnerable accommodation and is about to start sleeping rough. At any one time, as of March 2022, we were providing accommodation lo 76 residents. This includes r)ur emergency accommodation at East Road for 20 people which is the firsttyace peop￿ come in to when they find themselves sleeping rov9h. People genefally will stay there for up to 2 months. then move onto one of our 56 supported rooms in our sha￿d houses, modular homes, or our controlled drinking project {in 2021)- or onto accommodalion offe￿d by one of our org8nisalional partners- before being supKM)rted lo move into more permanent and independent accommodation. Each of Ihose people receive wraparound supp¢)rt from Jimmy's staff and vtslunteers to help with all aspects of their lives. Provldod ovar 7.$00 home cooked m•als and over 300 food parcels- When people are stsyng with us in our aecornmodation on East Road OT Newmarkel Road. we wovide people with hol. freshly cooked food, donated by our Community of supporters, either who donale f¢)od directty or who donate money to enable us to buy fresh food on 8 - weekly basis. We also provide over 300 food parcels to people living in our supported houses and modular h¢mes. al limes when they are struggliry and need some ¢xtra help, induding a special food parcel over the Christmas holidays. Food is sorvgd and delivered by Jimmy's hugely c(wnmitted team of volunteers. Secured contract for funding - Jimmy's successfully won funding from Cambridgeshire Counly Council lo contribute lo the running ol our emergency hostel on East Road.. to set up a new service for people with multiple needs., and to contribute lo the running of one of our abstlnence houses. The lunding was part of a new partnership called Street5 To Home, sel up wrth Riverside, Winlercomfort. Cambridge Cyrenians. Cambridge Housing Society and CGL'S Street Outreach Servrce, with an overall aim of ensuring the main homeless org8nisalions in Cambridge are working together lo best support the needs of people who find themselves homeless and rough Sleeping. This secures funding for three years from April 2022, with the potential to extend for an additional 4 years. Do¢uSkJn EnVe￿￿e ID.. C80391B&74CA4E2WF8A46AC5DfjB7781 JIMMY'S CAMBRIDGE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 Modular homes indopendent r•s¢ar¢h- In October 2021. Cambrith3e Universty's Centre for Housing and Planning Research launched a report in partnership wilh Jimmy's. ￿fie￿Ing on the experiences of the residents of the modular homes during the fiT5t 12 months of their residency.11 ¢YTaws on interviews with the rfrsidents and Jimmy's support workers. Overall, the findings show that since moving into the modular homes, the residents have.. Gained a greater sense of self. safety and security. Slopped or signrfKantly reduced their use of drugs and alcohd. Improved their financial management skills. Become enthusiastic about returning lo wrmk, stsrted trainfftg to acquire new skills to seek employmenl. or returned to a previous trade or business. Restored, OT are making effort5 to restore. social ￿lationShips. Developed a good sense of community. Developed a sense of control over their INes. Made plan5 to eventually move to peTmanent housiThJ. The evidence thus far suggests thal using rnodular homes 1$ a approach lo invest ￿ as p8rt of a slrale9y to address homelessness; and thal pioviding modular homes in tandeiyi with robust support seNices has the tenlial lo improve outcomes for people experiencing homelessness. Extra supported accommodation - Jimmy's launched a further 6 modular l)omes in July 2021, donated by Hill Homes and placed on larnl owned by Cambridge Cfy Counal and leased to Jimmy's for 10 years. This takes the total number of modular homes managed by Jimmy's to 22. proviK1ing homes for 22 people who would DlheTwise be 51eèping rough. Improving m¢ntal heaMh- A persistent difficulty for Peop￿ who are homeless ané rough sleeping is mental health issues and problems of alcohol and substance addiction. These individuals often fall be￿een the cracks of existing services and support. For ¢xarnple. statutory services will seldom support those with mental heaAh issues rf they are taking drugs Idespile po￿ rnental heallh often being the cause of them doir¥J sol. failing to provide any support lo those with a 'dual diagnosis.. This gap in support has been further exacerbated by Covid.19. Therefore, in July 2021, Jimmy's ernpPoyed a Mental Health Piactitioner, wth one y8ar funding from the Evelyn Trust and Ihe Nat￿nal Lottery Community Fund. This role has provided tailored mental health support lo 60 people over the year. Jimmy's is currently rav￿Wing the project with Cambridge University in OfdeT to know whth elements of our support ar8 the m051 effective and to seek ¢ontinued fundin9 for Ihe role. Transltlon support- Most people stay wilh Jimm￿5 for a peri¢)d of trme. geneially up to ￿¥0 years. During that period, we are there to support peO￿e with all aspects of Iheir INes and take Steps towards a more Independent life. The next step may be social housing. private Tented accornmodalion. or reconnecting family and relationships. We support people through this transition period lo ensure they are not left alone as they begin their new Itves. Str••t outreach - Jimmy's restarted regular outreach in 2021 in eonjunction wilh Ihe Street Outreach Team and with Wintercomlort, lo engage with people who are rough sleeping or vulnerably housed. The aim of our outreach is lo.- Let people know what Jimmy s does and whal it offers. , Debunk any M￿h$ about what Jimmy's was many years ago or what someone told them. Build our understanding of people who are rough sleeping and currently don't engage wilh Jimmy's. Be the friendly face of Jimmy's and welcome people in. This outreach is PTQVKle(I by both stsff and volunteers. New offlcè- The Housing Support team have been working from our Jimmy's 451 service. whlch up to March 22 was a residgnlial ¢entre for people Conter￿Ing with a long-term addiction to alcohol. However, in order lo free up space al 451 to add on additional bedroom3 in 2022 for ￿IdentS. the team moved to a small new office in December 2021. a propety rented from Cambridge City Council. This office has also allowed some of our stsff previously working at Jimmy's Easl Road lo move there. freeing up space for potential new resident accommodation there. Oo¢uSign Envelope ID. CB03919&74CA4E204F&44fAU0687781 JIMMYS CAM8RIDGE TRUSTEES. REPORT FOR THE YEAR ENDED 31 PIARCH 2022 Strategic Plan 2022- 2025. Jimmy's has been impacted by the pandem￿, as have rnany organisations across the worfd. Coming out of this challenging period, the Iruslees have pul in place a new stralegy lor Jimmy's following consultslion wth staff. volunteers, reS￿ents and partn¢r organisations. which conshlers the 4¥￿er picture in Cambridge and acTOSS the country. The new strategy aims lo give the organisation a clear future focus and ensu￿$ the charity stsys true to its ¢hari18ble purpose. While the strategy is sel for the next 3 years. rt is not stali¢. Jimmy's will adapt as the worfd changes and people's neeils change. and a5 the organisalion explores new opportunities lo ensure il continue lo be al the forefront ol supporting people experienong homelessness. Why we need Jlmmy's The need lor Jimmy's to exist and lo witinue is. sadly. a95trong as ever. In summary, the key r*asons are.. 1. .Rough sleeping continues to exist. 2. The pandemic ha5 not solved rough s188ping. 3. There are stubborn themes as to why people end up sl8eFyng rfMJh. 4. Cambridge is a city of great income inequalty. 5. Research and evidence ￿search.1￿10￿nS us we are making a dTrfferenc*. 6. We are unique in Cambrmlge. streteyic ObjectSv•s 2022- 25 These are Jimmy's main priorib.es for the next three years. Strategle Obl•¢tiv¢ 1- Increase emergency fronl-line accommodati￿ to enable Peop￿ to move off the streets quickly into a supportive. safe space Ihey can call home. strategic Objectlve 2- Widen the support offered lo people wth complex needs lo help them on Iheirjouiney lo fulfilling their goals and moving into more secure. longer-term accommodation. Strateglc Oblectlve 3- Find successful and innovative ways of engaging ￿ Gurlent and potent￿1 residents to influence th& decisions about Jimmy's and our services . Strategic Objectlve 4- Use resear¢h and evidence to base our dKisions about future servKes and to inlluen¢e decision makers strateglc Obl¢ctive 5- 8e a resilient charity to be ableto do an that we need to do support the people who use our services StN¢lur•, Governance and Management Jimmy's is a company limitetl by guarantee with Charitab￿ ststus which is govemed by a memorandum and artides of association. The Board ofTrustees is made of up of people from a farvJe of backgrounds. with a wide range of skins and . experience. A regular skills audit allows the Board to target recruitment fof vaeanebes, which are adve￿5ed openly and appointed following 8 competstive process. The Chair and the Test of the trvslees delegate day to day organisaiional activities lo the CEO and managemenl team. As a whole, the board delegates detailed financial oversight to the Finance Committee. govemance matters lo the Govemance Commrttee and communicatKins lo the Communications Working Group. Jimmy's Works with olhw charities and organisatths in thg pursuit of its charitable objectives. These indude Riverside. Wintercomfort. CambrisJgg Cyrenians. CGL and Cambridge Housing SoTrety. as well as Cambridge City rWSvJTr Envdope ID.. CB039185-74CA-IE2MFW6AC5cwll81 JIMMY'S CAMBRIDGE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 Council. Cambridgeshire County Council. the University of Cambridge. and many other tharilablg and statutory organisations. including the NHS. Thg Board of Twslees meets an average of four limes a year_ Trustees are responsible for approving strate91¢ annval business plans, includin9 the annual budget. and monitc¢ progress al each meeting by reviewing progress reports provided by the Chief Ex¢cutive. Trust¢es approve all ¢)peTakng poliaes of the charity, and are responsible for the over811 rrsk poli¢y. including assessing risk mitigation plans. Trustees also carry oui their responsibilities in smaller Committees Of Working Groups. Terms ol reference govern each gfOUP and mernbership is made ol a smaller numbgr ol Trustees. plus non-Truslees. induding the Chief Executive. Jimmy's cUrren￿Y has Iwo Committees (Finan￿ and Govemancel. and one Working Group Icommunicatsons). Rlsk and Control Tftjslees regularly rewew and approve Jimmy's risk policy. The wister indudes each slralegic risk, and the steps that the Chief Executive and.their team will tske io mitigate and manage each risk. In addition to the review. tho Chief Executive highlights any new risks, or changes, in their quarterfy report at 8oard meetings. The main strateglc risks identified are aTOUntJ fraud, theft. Lbnmanaged ¢onflict5 of interest, fiTe. attacks on staff or volunteers, IT failures, dat8 proteckn'on. safeguarding concems, lower fun¢Jing than plann8d, key personnel leavin9, reputation, policie5 not updated. business contrnurty lollowing serious incidents. and Covid-19. Trustees and the Ch￿f Executive have reviewed each tisk to ensure thesè do not happen. and how to manage il thèy do. Our communlty ol $upportWS Jirnmy's applies to Trusts and Foundations grant funding for speofic projects. for exarryle 10 SUPPOrt OUT mental health project, or much ot the addrtional support provided during Ihe pandemic. We will ¢onlinue lo appfy for grants lo &nab18 US to implement different projects and seryices based on the ever-changing needs and wishes of our services sers. This funding is not enough to do whal we want lo do. and we would not operate without the incredible 5UPPOrt of people who fundraise lor Jimmy's. Many voluntary Ofganisations. farth groups. companies. businesses of all siies, schools, social dubs, indwiduals and mre, of all ages and backgrounds. continue to volunteer, raise funds, and donate essential items that people need. We will continue to ènsure we engage and communicate wrth this wide nelwork of communty support, sharing the impact everyone's coniribution makes. The Jimrny's trustees and leam.are very Ihankful for every bit ol support we receive. Financial review The charity had a surplus of £434,94812021- surplus of £867,739) and free reserves of £534,60912021 - £441.646) and the Trustees consider thrs position sats'sfacw. and that the charity will continue as a goin9 concem in Qxcess of twelve months from the approval of these a¢counts. Restricled. unreStr￿ted and designated funds are set out in Note 17 to these accounts. Total funds were £2,499,43712021'. £2.064,4891 of which unrestricted funds amourlled lo £1.757,76412021.. £1,568,489) and restricted funds arn￿J￿1ed to £741,67312021.' £496.0001. Reserves Poli¢y Trustees regularfy review Jimmy'5 reseryes policy. the amount of unreslrieted undesignaled lunds that should be held to ensure the charity is able to meet its responsibiliti.es in adve(se situations. The Truslee5' reserves policy is to hold 4 months of opefaling expenditure, which is currenuy £529.187. As of 31 March 2022. Jimmy's Cambridge held flee reserves of £534.609. Investment Policy The Irusleos have a poliw whereby excess cash is wjvesled in hwJh-rale bank accounts. CiotrJSign Enwlope10.. C90391B&74CA4E2MF6A46ACSC6Bll81 JIMMY'S CAMBRIDGE TRUSTEES, REPORT FOR THE YEAR ENDeD 31 IAARCH 2022 Rornuneration of Key Man8gemtnt Personn•l ond Transparency The Board of Trustees detemiines the pay of Jimmy's employees. The organisation moved away from the previously used National Joint Council INJCI scale5 to enable the organisat￿n to offer Inflat￿nary In¢￿aSeS, in a timely mannef, ayreed by Injstees, which help the organisation to both recruit and relain ils staff. Jimmy's pays 011 ils employees above the living wage. In ac¢ordancg with the SORP we". disclose all payments to truslges Ino trustees ￿ paid) and expenw& reimbutsèd Idèlailed in note 12 lo the accounts} dlsclose the number of staff in receipt of £60.000 and at¥)ve (no staff are paid more than £60.000 in this fin8nci¥l year) disclose pensions and beneffts Inole 12 to Ihe accounts). Fundraislng approa¢h The charity's approach to fundraising is largely communty eng￿Ment. Staff attend talk5. events and fundions. highlighting the service Jimmls provides and. should people wish lo donate staff indicate Ihe ways in which they can. The charity has a donation page on ils own website and from lime to time the charity approaches Tnjsls, Foundations and olh8r ￿Mmunity lunds rf there is a project that needs funding. The charity works with those who wsh lo furxlraise by sharing our chariti?￿8 obiectNes and cofe valugs. The charity does not cold eall. The Board oversees a responsible approach to ethical donatws and follows good practice guidelines in our approach to fundraising overall. Stat•m•nt of Tru$to*$' and Directors. R•spon$ibilitles Company law fequiies th8 Iruslees to Prepare acccmjnts for exh financial year which gr¥e a true and fair viow of the st8te of affairs of the charity and of the surplus or deficit of the tharity for thèl ye8r. In preparing those accounts. the trustees are required lo: Select suitable accounting policies and them consi%tenlty. Make judgements and estimates that a￿ reasonable and prudent. Prepare tho accounts on the goir¥J concem basis unless it is inappropriale lo presume that the charity will continue operating. State whether the poliae$ adopted are in accordance with the Comp8nies Act 2006 and wth applicable accounting standards and ststemenis of recommended practice, subject to any materlal departures disclosed and explained in the acwunts. Observe the melhods and principals of the Charities SORP. Iv) The trustees are responsible for keeping proper a¢￿u￿ting records which disdose ￿ reasonable accuracy al any time, the financial Fosi￿on of lh8 chanty and to enable them to ensure Ihat the accounts eomply with the COmpan￿S Act 2006. They are also responsible for safeguarding Ihe assets of the charity and henGe for laking reasonable steps for the prevention and detection of fraud and other irregularitses. The Iruslees eonfirm that they have referred to the guhjance contained in the Charity Commission's general guidance on public benefit when reviewing the chariVs aims and objectives and in rAanning lulure acliviltes. Docusign Enveknp¢ IO". C80391B&74CA4E2tyBF&446AC506B7781 JIMMY'S CAMBRIDGE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 Auditors So far as the Iruslees are aware. thei8 is ￿ relevant audit information of which the charity's auditors are unawar9. and the trustees have laken all steps they ought lo have taken lo make ihemselves aware of any relevanl audit infomation and lo establish that the auditOfS are aware of that information. Thls report has been prepared in accordance wih the spKrdl provisions relating lo companies subject to the sm811 companies regime within Part 15 01 the Cornpanies Acl 2006. 11 was approved by the tnjslees on 2 November 2022 and sign¢d on their behall. FCDIFJQDIgJ14CO.. Fiona Blake Trustee riocuSvJn EnveW ID.. C80391B5.74CA4E2tyBFak4&4C5W7781 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF JIMMY'S CAMBRIDGE FOR THE YEAR ENDED 31 MARCH 2022 Oplnion We have audited the financsal slalements of Jhmmls Cambridge Ilhe charilable eompanyl for lh& year ended 31 March 2022 which comprise Statement of Financial Activilies. the Balance Sheet. the Statement ol Cash Flows and notes to the financsal Statements, including a summary of signifi¢8nt accounting policEs. The financial reportin9 framewo￿ that has been applied in their preparabon is applicable law and United ￿'ngdoM A￿untIng Standards, including Financk81 Reporting Standard 102 The Finanaal Reporting Standard applicable in the UK and Republi¢ ol Ireland (United Kingdom GeneralIyA￿epted Accounting Practice). In our opinion the financial statemenls-. give a true and fair view of the state of the charitable compatys affairs as al 31.March 2022 and of its incoming resources and application of resources. including its income and expenditure. for the year then ended., have been properfy prepared in accordan¢e wlh United Kingdom Generalty Accepted AccounliThJ Practice. have been prepared in accordance with th& requiremenls of the Companies Act 2006. Basis for oplnion We conducted our audit in accordance with Intem81ional Stsndards on AudilirrfJ IUKI (ISAS {UKI} and applicable law. Our ￿spOnSibl11t18S under those standards are further described in the Auditorfs responsftjilities for the audit of the financial statemen15 section of our report. We are independent of the charIta￿e company in accordance wblh the ethical requirements that are relevant to our audit of the finanaal statements in th¢ UK. induding the FRC'S Ethical Standard. and we have fulfilled our olher ethical responsibilities in accordance with these requirements. We believe fhat the audit ewdence we have obtaIr￿ is suffictent and appropriate to provide a basis fw our opinion. . Conclusions relaWng to.going concern We hav& nothing to report in respect of the folowing mattets in reLalhin to whith the ISA5 (UK) require us lo report lo you whefe.. the trustees, use of ￿ wng c4)ncem basis of aC￿lnti￿j in the Preparat￿ of the finanaal statements is not appropriate- or the Iruslees have not disclosed in the financial slalemenls any 1dentrf￿ material uncertainties that may east signrficanl doubl about the eharitable compaTrys abilty to contsnue lo adopt lh8 going concem basis of accounb'ng for a per￿1 of at least tweive mnths from Ihe dale ￿en the financi81 stslements are aulhorised for issue. Other infomiation The trustees are responsib￿ for the other infomiat￿. The other infomialion comprises the inforniation induded in the ITUStees' annual rèp)rt . other than the financial stslements and our auditor'5 report thereon. Our opinion on the financial 5talemenls does not cover the other infomialion and. except to the exlenl otheMise expllciuy stated in our report, we do not express any forni of assurance conClus￿n thereon. In connedion with our audit of the financial statements. our responsbility lo read Ihe other information and, in doing so, consider whelher the other infomialion is materiamy in¢onsislenl with the financial 518lemenls or our knowledge obtained in the au¢Jit or othewse appears to be materially M￿stated. If we identty such material inconsistencies or apparenl material misstalernents. we are required to detemiine whether there is a material misslalement'in the financial statement5 or a material misstalemenl of the other information. If. based on the work we have performed, we conclude Ihal there is a malerial misstslement of this other infomalion, we are required lo report that lo￿. Oacusiw Env*Jp8 ID.. C803910&74CA4E204F8A46ACSfAIB7781 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF JIMMY'S CAMBRIDGE FOR THE YEAR ENDED 31 MARCH 2022 We have nothing to report in Ihis regard. Oplnion on other matt•r piescrtbed by thg Companlos Act 2006 In our opinTon. based on the WO￿ undertaken in the course of the audtr. the infomats'on gwen in the Twslees, ￿port for the financial year for which ttie financial slatements are prepared is cunsistent with the financial slalernents.. and the Tru5t8es' report has been prepared in accordance with applicable legal requirements. Matters on whlch we arn to iequlr•d to report by ex¢eptk*n In the li9hl of our knowledge and under5tandtng of the charitable company and it5 en￿rOnMent obtsined in Ihe Course ol the audit, we have not klentified material misstatements in the truste¢s' report. We have ntsthing lo report in respect of the follo￿ng matters in relation to whK* the Charitiès Act 2011 and Companie5 Act 2006 requires us lo rewl to if. in our O￿nIon.. adequate accounting records have not been kept. or retum$ adequate for our audtt have not been received frorn branches not visited by us.. or the ¢ompany financial ststement5 a￿ not in agreement with the accountwig records and returns.. OT certain diselosures of trustees, femuneralion swified by law are not made,. or we have not received all Ihe inf0mat￿n and explanation we require for our 3udil-. or the Iruslees were not entitled to take advantage of the swnall companie5. exemption from the requirement lo prepare a Strategic Report. As explaingd more fvlly in the tnjslees. responsibilities statement. the tru51ee5 (who are also the directors of the Charitable company for the purrw of company lawl are responsib￿ for the preparation of the finanaal statements and for being satisfied that they give a twe and fair view. and for such intemal control as the Iruslees delemiine is necessary lo enable the preparalton of frnncial statements Ihat are free from material misstaiement, whether due to fraud or error. In preparing the financial statements. Ihe truslees are responsible for a5ses5ing the charitable company's ability to continue as a going concern, disclosing. as applicable. matters related to going ¢oncem and using the going concem basis of accounting unless the trustees either inl8nd to liquKlale the chorilable company or to cease operations, or have no realTrstic alternative but to do so. Auditor's rèsp¢n$iblliti•$ for th• audF¢ of the financial statemonts Our objectives are lo obtain reasonable assuran￿ aLL)ut whether the final￿la1 stslements as a whole are frèe from material misstatement. whether du& to fraud or error. and lo issue an audilorfs report that includes our opinion. Reasonable assurance is a hKJh level ol assurance. but is not a guarantee that an audit conducted in accordance with ISAS IUKI wll a￿ayS tjetecl a rnalerial misstatement when il exists. Misslalements can arise from fraud or error and are considered maleTial rf. individually or in Ihe aggregate, they coukl reasonably be expected to influence the economic decision5 of LBer5 taken on the basis (rf these financial slalements. Irregularities, including fraud. are instsnces of r￿n<0mpliance %Mth laws a.nd regulat￿. We design procedures in line with our responsibilities. outlined above, to detect material misstatements in respect of irregularities. induding Iraud. The extent to which our procedures are capable of detecting irregularitl¢s, including fraud is detailed below. Qoeusign Envdcpe ID." CB03918>14CA4E2MF&446AC5D6B7181 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF JIMMY'S CAMBRIDGE FOR THE YEAR ENDED 31 MARCH 2022 We identified areas of laws and regulations that could reasonably be expected to have material effect on the annual financial slalements Irom our general commercial and ￿MpanY Specif￿ experience. through discussion with the Trustees {as required by auditing 5tandardsl. and frorn inspection of the compan¥$ regulalory corresponden¢8, and we discussed wth the Trustees the policies and procediires regarding compliance wlh laws and regulations. We Gommunicated Klentified laws and fegulations Ihroughout our team 8nd remained alert to ony indication lo non-complBnce throughout the au¢Jrt.' the audit le8m are deemed both compelenl and capable of Identifying non-compliance with rules and regulabons. The potential effect of thesg laws and regulaI￿n$ on the annual financial statements varies considerably. Fitsty. the ¢omp8ny is subject lo laws arKf regulats.ons that directly affect the annual financial statements including financial reporting legislation and taxation legislalion. and we assessed the extent of complHnce with these laws and regulations as part of our procedures on the related annual account items. Secondly, the company is subject to olh8r laws and regulations where the consequenc8s of nOn￿omplian¢e ¢ouhl have a material effect on the amounts or disclosurgs in the financial slatemenls. for instance non-compliance industy regulalN)ns. We assesse(I the rfsk of fraud in the finanoal statements through discussion with management and from our experience of the company. We Communicated idenb.fied fral￿ risk areas throughout our team and remained alert lo any indicalKJn ol fraud throughout the audit In particular. we assessed the potential impact of the global pandemic known a5 Covid-19 on the risk of frautl. We did not K1entify any instsnces of fraud durir¥J the course of our audit. Audibng standards lirrtit the required audil procedures lo rdenlrfy nonvcompJiarKe wih these laws and regulations lo enquiry of Ihe Trustees and inspection of regulatory and legal correspondence. rf any. Through these procedu￿$. we drd not becorne aware of any actu81 or suspected non74CA4E2WF8A4&4C5D6B7781 JIMMYS CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Unrestrict•d General Designated nds lund5 2022 2022 Restricted funds Total funds Total funds 2022 2022 2021 7. EXPENDITURE ON RAISING FUNDS Fundraising SUPPOrt 19.508 19.508 18.661 Dlroct costs 2022 Support ¢o$l$ 2022 Total fund$ 2022 Total funds 2021 8. ANALYSIS OF EXPENDITURE BY ACTMTIES Charitable aclivil 1.734,311 135.228 1.869.539 1,568.897 Unrestricted Gen•ral D•slgnated lunds funds 2022 2022 Re$trlctgd funds Total funds Total funds 2022 2022 2021 9. ANALYSIS OF DIRECT COSTS Agency staff Cleaning and waste dispo$al Deprecia¢J"on Equipment rental Food Resident welfare Light and heal Mortgage interest Molor expenses Rates and water Recnjilmenl Rent Repairs and malnlenance Reseltlement Salaries Set up costs for new premises Staff travel Sundries Telephone Training 59.559 39.204 18.763 6.868 25.952 19.684 60,245 12.560 59 57,902 3,610 194,984 45.320 5,483 942,135 59,559 39.204 86.574 6,868 27.452 .19,756 60.245 12.560 59 57.902 3.610 . 6,01)0 2W.984 50.451 5.483 101.457 1,053.616 4,992 34.862 20,096 6,242 26,046 10,979 49.233 10,149 1,102 40,681 1,355 161,796 34,890 4,329 1,024,590 9,842 4,762 1,784 19,472 8,998 11.811 56.000 1.SCII 72 5.131 10.024 2,709 12.355 20.272 14.652 2,709 12.355 20.272 14,652 1.542,316 27.038 164,957 1,734.311 1,476,200 18 Docusign EnvelopE ID.. C80391B>74CA4E204F8A46AC506B7781 JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10. ANALYSIS OF SU.PPORT AND GOVERNANCE COSTS General Deslgnated Restrict¢d Support Support Support Totsl 2022 Total 2021 Auditors remuneration Virtual finance offKe Bank charges DBS applicalKJns Heatth and safety Insurance IT expenditure Printing. postage and slalionery Professional fees Publicity. printing and events 5.420 1,806 1,902 1,442 20.783 22.921 35.942 2.440 30.162 8,812 5,420 5.412 13,795 2,179 1.376 1,￿2 ' 1.442 21,059 22.921 3S.942 2.440 33,484 8.812 276 21.087 20,383 3.527 15.374 3.998 2.042 1,280 131.630 2.318 1,280 135,228 92,697 11. NET114COMEI EXPENDITURE 2022 2021 The excess of Income over expenditure is stsled after chargin9: Auditors remuneration= audit Depreciation of fixed assets Operatsng lease Tentals- equipment 5,420 86.574 6.868 5.412 20,096 6.242 12. STAFF COSTS 21122 2021 Wages and salaries National insurance Pension costs 934,040 77,594 41.982 917,048 69,228 38.314 1,053.616 1,024,590 The average number of persons employeed by the company durirKJ the ￿ar was as follows: 2022 2021 No. Charitsble 8elNilies 42 42 42 42 The￿ We￿ no employees vthose empksyee benefrts {excluding empkiyer pension costs) exceeded £60.000 12021.- nill. The key management personnel of the eharity comprise the Board of Tnjslees (who were not remuneraledl, and thè Senior Management Team. The total employee benefrts of the key management personnel of the Chartty were £135.913 (2021- £125.1361- No Trustees were ernployed the year and rL) remuneration was paid to Ihem for their services. During the year no Trustees recewed reimbursement of expenses {2021." nil). 19 Doeusign Envel)pe ID.. ¢803918>74CA4E208F&446ACSD6B7781 JIMMYS CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 13. TANGIBLE FIXED ASSETS Freehold Modular Property Motor buildings Homes Improvements v*hS¢1g9 Equipment Total Cost As al 1 April 2021 Additions Disposals 1,006,SW 500.0 300,000 6.914 46.989 30,S63 23,278 9.374 1,567,655 356,363 As al 31 March 2022 1,006,9￿ 800.0(M) S3.903 30,563 32,652 1,924,018 Depr•clatlon A5 al 1 April 2021 ' Charge foi the ye8f Eliminaled on disposal 34,530 11.510 56.000 3.820 15.282 22.428 1.848 64.Tf8 86.574 1.934 As at 31 March 2022 46,040 60.(*)o 1.934 19,102 24,276 151,352 Net book value As at 31 March 2022 960.860 740.1)00 51.969 11.461 8,376 1.772.666 As at 31 March 2021 972.370 496.000 6,914 26.743 850 1,502,877 There are two registered charges relatsng to the se￿red mortgages on a proporty on Cr3themo Way. Cambridge and a property on Peverel Close. Cambndgo. 2022 2021 14. DEBTORS Trade debtors Prepayments and accFued income Other debtor5 91,474 111,999 52,235 44,749 83,635 19,760 255,708 148.144 15. CREDITORS.. AMOUNTS FALLING DUE wrrHIN ONE YEAR Trade creditors Mort9age Olher tsxalion and soual security OlheT creditors Aecruals and deferred income 86,550 25,000 20.221 6,459 42.519 60.240 25.668 18.962 6,110 81,831 180.749 192,811 Deferred Income: As at 1 April 2021 D8ferred income recognised in the year Resources deferred during the year 57.024 {57.0241 2,089 57,024 As at 31 March 2022 2,089 57,024 Income is deferred where grant irwne remains unspenl al the balan￿ sheet dale. 20 l>)cuSYdn EnYdope10.. CB03918&74CA4E204FeA46AC5W7781 JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE TIIAN ONE YEAR Mortgage Mortgage falling due in less than 5 years. repayable by instalrnents . - falling due in more than 5 years. r¢payable by instslments 110.000 184,849 105.000 214,849 294.849 319.849 The secured bank loans are secured a property on Peverel Ck)se. Cambridge which has a carrying value of £317.670 an¢J a property on Cratheme Way, Cambridge which has a value of £308.320. The Peverel Close loan has an initial interest late fixed for 10 years al 4.5% and is repara￿? in instalments over 15 years. The Cr8lheme Way loan has an inrbal interest rate fLxed of 3.88°h for 5 years and is repayable in insialments over 15 years. 17. STATEMENT OF FUNDS Brought forw¥rd Transfers Expendltur• Inllout) Carried forward In¢om• Unrestri¢ted Fund$: General Funds- 441,646 1.912.085 (1.693,454> {125,668) 534.609 Designated Funds: _ Freehol¢Y buddw - Future developments 626.843 500,000 1.126.843 111.5101 25.668 641,001 117.8461 100,000 582,154 129.3561 125.668 1,223.155 Total unr¢strf¢t¢d funds 1,568,489 1.912,085 1,722.810 1,7S7.764 Restricted Funds: Cambridge City Council 1 Cambridge Cty Council 2 Evelyn Trust Modular units 59.500 24,220 22.190 306.000 {59,500) (24,220) {20,517) 162.000) 1,673 740,000 496.000 Total restrlcled funds 496.1)00 411.910 166.237 741,673 Total Funds 2.064,489 2.323.995 1.889.047 2.499.437 21 Oocusign Envdope ID.. CB03918&74¢A4E20-8F&44&4C5D687781 JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 17. STATEMENT OF FUNDS ICONTINUEDI Re$trl¢ted Funds: Cambrldge Clty Councll 1- Easl Road Hostsl & Movg4)n Houses Top up grants for supwt salaries at oui main hostel and for OLtr supwted hwses. Cambridge City Councll 2. Support worker Grant lo fund salary of support workers for restdents in the mTrJular units. Ev•lyn Trust The Evelyn Trust funded the engagemenl of an w￿$lIe mental health support worker to provide Specialist, bespoke support to JimmYs benefKiaries. Independent evalualion and research was then commissioned from partners at the University of Cambridge to consider the efficacy of an on-site approach and the potential savings for the NHS and statulory servires for provhling these service5 directy. Modular units Donations of the modular homes ènd u)ntributions tcthards fumishin9 costs. Deslgnated Funds- Freehold bulldlng This is the provision of resKlentk41 prope[￿eS to assist residents makirBJ Ihe transition from hostel aceommodation into their own tenancy. Future developments To fund plans for future developmenl in accordance wth CMJf slralegic objectives, in particular ensuring there is enough front-line accommodation for people who would othewse be rough sleeping. This will focus on improving, updabng and expandin9 our hostels. induding adding extra bedroom$. We also plan to purchase van to assisl our maintenance and housing teams. 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted General D¢signated funds funds 2022 2022 Restricted fund$ Total funds T¢tal funds 2022 2022 2021 Tangible fixed assets Net current 8sselS lèss creditors due after one year 19.837 514.772 740,01￿ 1.720,697 1,502,878 1.673 778,740 561.611 262.295 534.609 1.223,155 741,673 2,499.437 2.064.489 22 . DocuSi9n ID.. CBO3978S74CA4E2O4F￿4￿1CX￿7781 JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 19. OPERATING LEASE COMMITMENTS Al 31 March 2022 the to￿ ol the charitys fulwe minimum lease payrnents under nOn￿nCelable operating 18ases was.. Lease1￿Id property Total Total 2022 2021 Explry date Less Ihan one year Be￿Ben one and five years I More than five yeafs 194.289 223.868 55.014 181,452 267.845 473.171 449.297 20. RELATED PARTY TRANSACTIONS Geoff Mann and Jane Mann. who are Injslees of the charity. are also tnJstee5 of the Jon Baptist Church, a registered charity wli¢h recewtid rent of £72.000. ano insurance of £4.185 frorn Jimm*s Cambridge in the yeai. 21. COMPARATIVE STATEMENT OF FINANCIAL ACTivmES Unrestrict•d Re$tri¢ted funds funds 2021 2021 Total funds 2021 Income from: Donations and legacies Charitable activities Investments Olher income 567,639 628.101 1,195,740 1,244.104 1,190 1.245.294 2.450 2.450 11,813 11,813 Total income 1.826.006 629,291 2,455.297 Expendlture on: Raising funds Charrta￿e activities 18.661 1.461.179 18.661 107,718 1.568.897 Total expendlture 1,479.840 107.718 1,587,558 Net Incom• 346.166 521.573 867,739 Transfers between funds 25.573 125.573} Net movement in lunds 371.739 496,000 867,739 Total funds brought forward 1.196.750 1,196.750 Total funds caThied forward 1,568,489 496,000 2,064.489 23