DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
Registered number: 03259904 Charity number: 1058737
## **JIMMY'S CAMBRIDGE**
**TRUSTEES’ REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2023**
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
## **JIMMY'S CAMBRIDGE CONTENTS FOR THE YEAR ENDED 31 MARCH 2023**
||Page|
|---|---|
|Reference and administrative details of the charity, its||
|trustees and advisers|1|
|Trustees' report|2-6|
|Independent auditor's report|7-9|
|Statement of financial activities|10|
|Balance sheet|11|
|Cash flow statement|12|
|Notes to the financial statements|13-22|
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
## **JIMMY'S CAMBRIDGE REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023**
## **Trustees**
Hannah Baldwin Paula Bekinschtein Fiona Blake Wendy Godfrey Benjamin Holt Geoff Mann Jane Mann Asha Praseedom (resigned 26 September 2022) Chris Sherwin James Smith John Stanton Elwin Chan (appointed 16 November 2023) Aidan Lonergan (appointed 16 November 2023) Alok Rustagi (appointed 16 November 2023) Vicki Wiles (appointed 16 November 2023)
## **Company registered number**
03259904
## **Charity registered number**
1058737
## **Registered office**
1 East Road Cambridge CB1 1BD
## **Company secretary**
Geoff Mann
## **Chief Executive**
Mark Allan
## **Independent auditors**
Chater Allan LLP, Unit 7 Quy Court, Stow-cum-Quy, Cambridge CB25 9AU
## **Bankers**
Barclays Bank Plc 28 Chesterton Road Cambridge CB4 3AZ
1
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
## **JIMMY'S CAMBRIDGE TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023**
## **_____________________________________________________________________________________________**
The trustees, who are also directors of the charity for the purposes of the Companies Act, present their annual report and the audited accounts for the year ended 31 March 2023. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **Objectives and Activities**
The charity's objective is to relieve poverty amongst persons in Cambridgeshire who are homeless or vulnerably housed.
## **About Jimmy’s**
Jimmy’s opened in 1995 as Cambridge’s first all year round night shelter and now offers a much wider range of support. It remains one of the most prominent organisations within the community supporting people who have been rough sleeping in the city.
The organisation was inspired by Jim Dilley, who spent much of his life sleeping rough. In the last few years of his life, ‘home’ for Jim was under the bridge at Junction 13 of the M11. That bridge is still represented in Jimmy’s logo.
Whilst Jimmy’s has undergone several significant transformations since it opened, its ethos has remained the same – placing people at the heart of the support we provide.
Valuing and respecting everyone who needs our services, Jimmy’s staff work with each person to provide options, tools and skills to support them on their journey. Together they develop a tailored pathway to independence.
Through our many years of experience of working with vulnerable individuals we recognise the need for everyone to be treated in a confidential manner and with respect, compassion, and empathy.
## **Our Vision**
Our vision at Jimmy’s is that we believe no-one should have to sleep rough in Cambridge.
## **Our Mission**
We have safe places that people can call home - from immediate access 24/7 emergency accommodation to interim homes as stepping-stones to independent living.
We offer targeted wraparound support - to promote mental wellbeing and help them fulfil their goals.
We use evidence - to improve services and impact and to be a voice for change.
## **Our Values**
Our values, put together by staff, volunteers, Trustees and residents: -
- Treating people with respect
- Accepting people as they are
- Believing in opportunities for everyone
- Behaving with integrity
## **Personalised Support**
On arrival at Jimmy's each person is welcomed by friendly and professional Support Workers and Volunteers who are on hand every step of the way. Jimmy’s work with each person individually, working together to provide a range of tailored support.
2
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
**JIMMY'S CAMBRIDGE TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023**
## **_____________________________________________________________________________________________**
## **Mental Health**
Jimmy’s knows many people we support are dealing with mental ill health. We aim to provide direct support ourselves, or help people navigate the complexities of accessing support via our partners and the NHS.
## **Recovery**
We enable residents to access specialist services and can spend time helping them reduce their use of alcohol or substances and keep them safe from harm.
## **Accommodation**
By the end of March 2023, Jimmy’s was able to provide a wide range of accommodation to meet very different needs: -
- 20 bedrooms in our main East Road hostel, increasing to 25 during 2023, for people who are rough sleeping.
- 9 bedrooms in our Newmarket Road hostel, an intensive support service for people with complex needs who would otherwise be rough sleeping.
- 30 bedrooms in 10 shared houses across Cambridge, for people who need support and are on a journey to independent living.
- 22 single-occupancy modular homes across 4 sites in Cambridge, for people who need support and are on a journey to independent living, and for whom their own private space better meets their needs.
## **Strategic Objectives 2022 – 25 / Achievements in Year 1**
Early in 2022, Jimmy’s put in place its three-year Strategic Plan for 2022 – 2025 following involvement from staff, volunteers, service users and from Trustees. Rough sleeping continues to exist in Cambridge and therefore the need for Jimmy’s remains as essential as ever.
These are Jimmy’s aims for the next three years, with the achievements in the first year of the strategy.
**Strategic Objective 1 -** Increase emergency front-line accommodation to get people off the streets quickly into a supportive, safe space they can call home.
Achievements in 2022-23: -
- Completed the bulk of the building work to convert our lower ground floor at East Road into 5 additional bedrooms and 5 bathrooms, increasing capacity at our front-line hostel from 20 to 25 people at any one time.
- Provided 5 extra temporary beds during severe Autumn/Winter weather for women who would otherwise be sleeping rough.
- Took on a new 3-bed flat providing accommodation to people for up to 2 years while we support them to move into longer term independent living.
**- Strategic Objective 2** Widen the support offered to people with multiple needs to help them on their journey to fulfilling their goals and moving into more secure, longer-term accommodation.
Achievements in 2022-23: -
- In September 2022 we opened a new accommodation and support service for 9 people with multiple needs who would otherwise be rough sleeping.
- A new day service opened to people who aren’t yet residents, and who have multiple needs, providing everything from support to reduce drug and alcohol use, to yoga, to music therapy and more.
- Reviewed the Cost-of-Living needs of residents, including helping residents with budgeting, and providing additional support in times of need e.g. with food parcels.
**Strategic Objective 3** - Find successful and innovative ways of engaging with current and potential residents to influence the decisions about Jimmy’s and the services it provides.
3
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
## **JIMMY'S CAMBRIDGE TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023**
## **_____________________________________________________________________________________________**
- Our aim is to appoint a Service User Lead in Year 2. In the meantime we have involved residents in helping us make decisions about our services, our activities, and in Jimmy’s future plans.
**Strategic Objective 4** - Use research and evidence to base our decisions about future services and to influence local and national decision makers
- Launched the 3[rd] stage research of our 22 modular homes, in partnership with Cambridge University, highlighting the lessons learned and recommendations for the long-term successful running of our own modular homes, and other similar homes across the UK.
- Shared stories online from our current residents, former residents, and those impacted by homelessness and rough sleeping, to help people understand what it means to be homeless, and what interventions make the difference.
- Completed an external review of our mental health support service, led by Cambridge University, to inform how the service evolves and to seek funding in the longer term. The service was well received by residents, with positive outcomes, and as such is something we need to continue.
**Strategic Objective 5** - Be a strong charity to be able to do all that we need to do to support people who need our help
- Set up the new _Streets to Home_ contract with our 5 strategic homeless organisation partners, in a new commissioned service by Cambridgeshire County Council and Cambridge City Council. The ultimate goal is to work together to reduce rough sleeping, and to improve the service for people who are, or have recently been, rough sleeping.
## **Royal Visit**
Following being contacted by Kensington Palace, a visit to Jimmy’s was organised with, as was then, HRHs Duke and Duchess of Cambridge in June 2022. They had a particular interest in visiting our modular homes and spent most of their time with a modular home resident, and a resident they met at East Road 10 years ago who was now just about to move into his own council home. This was followed up by an invite from the now Princess of Wales to attend her carol concert at Westminster Abbey in December 2022. Jimmy’s CEO, one of Jimmy’s Trustees, and the modular home resident who they met in June were honoured to attend.
## **Priorities for The Year Ahead**
Jimmy’s has identified the following priorities for the second year of our Strategy Plan.
## **Strategic Objective 1: 2023-24 Priorities**
- Open the 5 new bedrooms at East Road.
- Provide extra accommodation in winter (SWEP).
## **Strategic Objective 2: 2023-24 Priorities**
- Implement a Trauma Informed best practice approach across Jimmy’s.
- Develop the new day centre at 451.
- Evaluate the first year of the new 451 service.
- Source funding for a Mental Health Nurse to support our residents.
## **Strategic Objective 3: 2023-24 Priorities**
- Develop Jimmy’s approach to involving residents more.
- Source funding to recruit a new Resident Involvement role.
## **Strategic Objective 4: 2023-24 Priorities**
- Embed learning from existing research on modular homes and mental health.
- Collect evidence of what’s needed when people leave Jimmy’s (East Road in particular) that doesn’t exist or there isn’t enough of.
- Standardise our approach to measuring impact.
4
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
## **JIMMY'S CAMBRIDGE TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023**
**_____________________________________________________________________________________________**
## **Strategic Objective 5: 2023-24 Priorities**
- Recruit training role to increase offer to staff
- Raise our profile of the things we do well.
- Maximise our involvement of volunteers.
- Put in place Communications (and Fundraising) Strategy.
- Be clear on our approach to resident rent, service charge and arrears.
## **Board of Trustees**
The Board of Trustees meets an average of four times a year, plus an annual away day to review the previous year and plan the year ahead. Trustees are responsible for approving strategic annual business plans, including the annual budget, and monitor progress at each meeting by reviewing progress reports provided by the Chief Executive. Trustees approve all operating policies of the charity, and are responsible for the overall risk policy, including assessing risk mitigation plans. Trustees also carry out their responsibilities in smaller Committees or Working Groups. Terms of reference govern each group and membership is made of a smaller number of Trustees, plus non-Trustees, including the Chief Executive. Jimmy’s currently has the following committees/working groups – Finance, Communications, Governance, Winter Rough Sleeping, and Volunteering Strategy.
## **Trustee Induction and Training**
Trustees' receive a comprehensive induction into Jimmy’s, and on being a Trustee and the responsibilities of the role. The skills audit allows the Board to identify any gaps, which helps identify any training needs.
## **Risk and Control**
Trustees regularly review and approve Jimmy’s risk policy. The register includes each strategic risk, and the steps that the Chief Executive and their team will take to mitigate and manage each risk. In addition to the review, the Chief Executive highlights any new risks, or changes, in their quarterly report at Board meetings.
The main strategic risks identified are around fraud, theft, unmanaged conflicts of interest, fire, attacks on staff or volunteers, IT failures, data protection, safeguarding concerns, lower funding than planned, key personnel leaving, reputation, policies not updated, business continuity following serious incidents, and Covid-19. Trustees and the Chief Executive have reviewed each risk to ensure these do not happen, and how to manage if they do.
## **Financial review**
The charity had a deficit of £79,565 (2022 - surplus of £434,948) and free reserves of £768,337 (2022 - £534,609) and the Trustees consider this position satisfactory, and that the charity will continue as a going concern in excess of twelve months from the approval of these accounts. Restricted, unrestricted and designated funds are set out in Note 16 to these accounts.
Total funds were £2,419,872 (2022: £2,499,437) of which unrestricted funds amounted to £1,734,289 (2022: £1,757,764) and restricted funds amounted to £685,583 (2022: £741,673).
## **Reserves Policy**
Trustees regularly review Jimmy’s reserves policy, the amount of unrestricted, undesignated funds that should be held to ensure the charity is able to meet its responsibilities in adverse situations. The Trustees’ reserves policy is to hold 4 months of unrestricted operating expenditure, which is currently £703,950. As of 31 March 2023, Jimmy’s Cambridge held free reserves of £768,337 (including £190,539 of designated funds, designated for future developments).
## **Investment Policy**
The Trustees have a policy whereby excess cash is invested in high-rate bank accounts.
## **Remuneration of Key Management Personnel and Transparency**
The Board of Trustees determines the pay of Jimmy’s employees. Jimmy's pays all its employees above the living wage.
In accordance with the SORP we:
- disclose all payments to trustees (no trustees are paid) and expenses reimbursed (detailed in note 11 to the accounts)
5
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
## **JIMMY'S CAMBRIDGE TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023**
**_____________________________________________________________________________________________**
- disclose the number of staff in receipt of £60,000 and above (one staff member was paid more than £60,000 in this financial year)
- disclose pensions and other benefits (note 11 to the accounts).
## **Fundraising approach**
The charity's approach to fundraising is largely community engagement. Staff attend talks, events and functions, highlighting the service Jimmy's provides and should people wish to donate staff indicate the ways in which they can. The charity has a donation page on its own website and from time to time the charity approaches Trusts, Foundations and other community funds if there is a project that needs funding. The charity works with those who wish to fundraise by sharing our charitable objectives and core values. The charity does not cold call. The Board oversees a responsible approach to ethical donations and follows good practice guidelines in our approach to fundraising overall.
## **Statement of Trustees' and Directors' Responsibilities**
Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that year.
In preparing those accounts, the trustees are required to:
- (i) Select suitable accounting policies and apply them consistently.
- (ii) Make judgements and estimates that are reasonable and prudent.
- (iii) Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue operating.
- (iv) State whether the policies adopted are in accordance with the Companies Act 2006 and with applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the accounts.
- (v) Observe the methods and principles of the Charities SORP.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure that the accounts comply with the Companies Act 2006.
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.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
## **Auditors**
So far as the trustees are aware, there is no relevant audit information of which the charity's auditors are unaware, and the trustees have taken all steps they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. It was approved by the trustees on 16 November 2023 and signed on their behalf.
Hannah Baldwin Trustee
6
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF JIMMY'S CAMBRIDGE FOR THE YEAR ENDED 31 MARCH 2023**
## **Opinion**
We have audited the financial statements of Jimmy's Cambridge (the charitable company) for the year ended 31 March 2023 which comprise Statement of Financial Activities, the Balance Sheet, the 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, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (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 2023 and of its incoming resources and application of resources, including its income and expenditure, 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 Auditor’s 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**
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
- the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
- the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the trustees' annual report , other than the financial statements and our auditor’s report 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.
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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
7
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF JIMMY'S CAMBRIDGE FOR THE YEAR ENDED 31 MARCH 2023**
## **Opinion on other matter 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; and
- the Trustees’ report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are to required to report by exception**
In the light of our 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 in relation to which the Charities Act 2011 and 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; or
- the company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanation we require for our audit; or
- the trustees were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report.
As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purpose 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.
## **Auditor’s 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 an auditor’s report 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.
We identified areas of laws and regulations that could reasonably be expected to have material effect on the annual financial statements from our general commercial and company specific experience, through discussion with the Trustees (as required by auditing standards), and from inspection of the company's regulatory correspondence, and we discussed with the Trustees the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indication to non-compliance throughout the audit; the audit team are deemed both competent and capable of identifying non-compliance with rules and regulations.
8
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
**INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF JIMMY'S CAMBRIDGE FOR THE YEAR ENDED 31 MARCH 2023**
The potential effect of these laws and regulations on the annual financial statements varies considerably. Firstly, the company is subject to laws and regulations that directly affect the annual financial statements including financial reporting legislation and taxation legislation, and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related annual account items. Secondly, the company is subject to other laws and regulations where the consequences of non-compliance could have a material effect on the amounts or disclosures in the financial statements, for instance non-compliance with industry regulations. We assessed the risk of fraud in the financial statements through discussion with management and from our experience of the company. We communicated identified fraud risk areas throughout our team and remained alert to any indication of fraud throughout the audit. We did not identify any instances of fraud during the course of our audit.
Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and inspection of regulatory and legal correspondence, if any. Through these procedures, we did not become aware of any actual or suspected non-compliance with laws and regulations. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-andguidance/Standards-and-guidance-for-auditors/Auditors-responsibilities-for-audit/Description-of-auditorsresponsibilities-for-audit.aspx. This description forms part of our auditor’s report.
## **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 auditor’s 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's members as a body, for our audit work, for this report, or for the opinions we have formed.
Naomi Hedger (Senior Statutory Auditor) For and on behalf of Chater Allan LLP Chartered Accountants & Statutory Auditors Unit 7 Quy Court Stow-cum-Quy Cambridge CB25 9AU 04 December 2023 Date: ….................................
9
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
## **JIMMY'S CAMBRIDGE STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2023**
**----- Start of picture text -----**
Unrestricted Funds Restricted
General Designated Total Total
funds funds funds funds funds
2023 2023 2023 2023 2022
Note £ £ £ £ £
Income from:
Donations and legacies 3 618,109 - 87,988 706,097 898,260
Charitable activities 4 1,524,955 - - 1,524,955 1,422,182
Investments 5 1,376 - - 1,376 3,553
Total income 2,144,440 - 87,988 2,232,428 2,323,995
Expenditure on:
Raising funds 6 16,854 - - 16,854 19,508
Charitable activities 7 2,094,996 56,065 144,078 2,295,139 1,869,539
Total expenditure 2,111,850 56,065 144,078 2,311,993 1,889,047
Net income/(expenditure) 32,590 (56,065) (56,090) (79,565) 434,948
Transfers between funds 16 10,599 (10,599) - - -
Net movement in funds 43,189 (66,664) (56,090) (79,565) 434,948
Reconciliation of movement in funds:
Total funds brought forward 534,609 1,223,155 741,673 2,499,437 2,064,489
Total funds carried forward 16 577,798 1,156,491 685,583 2,419,872 2,499,437
**----- End of picture text -----**
All activities relate to continuing operations.
The notes on pages 13 to 22 form part of these financial statements.
10
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
**Registered number: 03259904**
## **JIMMY'S CAMBRIDGE BALANCE SHEET AS AT 31 MARCH 2023**
**----- Start of picture text -----**
Total Total
2023 2022
Note £ £
Fixed assets
Tangible assets 12 1,937,352 1,772,666
1,937,352 1,772,666
Current assets
Debtors 13 171,820 255,708
Cash at bank and in hand 966,992 946,661
1,138,812 1,202,369
Liabilities
Creditors: amounts falling due 14 389,088 180,749
within one year
Net current assets 749,724 1,021,620
Total assets less current liabilities 2,687,076 2,794,286
Creditors: amounts falling due after more than one year 15 267,204 294,849
Net assets 2,419,872 2,499,437
Charity funds
Restricted funds 16 685,583 741,673
Unrestricted funds 16 1,734,289 1,757,764
Total funds 2,419,872 2,499,437
**----- End of picture text -----**
The financial statements were approved by the Trustees on 16 November 2023 and signed on their behalf by:
…………………………………………………… Hannah Baldwin Trustee
The notes on pages 13 to 22 form part of these financial statements.
11
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
## **JIMMY'S CAMBRIDGE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023**
**----- Start of picture text -----**
Total Total
2023 2022
£ £
Cash flows from operating activities:
Net cash provided by operating activities 336,059 411,572
Cash flows from investing activities:
Interest income 1,375 3,553
Purchase of property, plant and equipment (277,898) (356,363)
Net cash provided by investing activities (276,523) (352,810)
Cash flows from financing activities:
Repayment of borrowing (39,205) (38,228)
Net cash from financing activities (39,205) (38,228)
Change in cash and cash equivalents in the reporting
period 20,331 20,534
Cash and cash equivalents at the beginning of the
reporting period 946,661 926,127
Cash and cash equivalents at the end of the reporting
period 966,992 946,661
Summary of the cash and cash equivalents at the end
of the reporting period
Cash at bank and in hand 966,992 946,661
966,992 946,661
Reconciliation of net income to net cash flow from operating activities
Net income for the reporting period (79,565) 434,948
Adjustments for:
Depreciation 113,212 86,574
Bank interest received (1,376) (3,553)
Loan interest payable 12,560 12,560
(Increase)/decrease in debtors 83,888 (107,564)
Incease/(decrease) in creditors 207,340 (11,393)
Net cash provided by operating activities 336,059 411,572
**----- End of picture text -----**
12
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
**JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. GENERAL INFORMATION**
The charity is a company limited by guarantee. The members of the charity are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
The presentation currency of the financial statements is Pound Sterling (£).
## **2. ACCOUNTING POLICIES**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with 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) (2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102),the Companies Act 2006, and UK Generally Accepted Accounting Practice.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
No significant estimates or judgements were made by management in preparing these financial statements.
Jimmy's Cambridge meets the definition of a public benefit entity under FRS 102.
## **2.2 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds are unrestricted funds, which have been designated for special purposes by the Trustees. Unrestricted funds are donations and other incoming resources received or generated for expenditure on the general objects of the charity.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income is allocated to the appropriate fund.
## **2.3 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Donations are recognised when the charity has entitlement to the donation.
Grant income is recognised in line with the agreement or as expenditure is incurred.
13
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
**JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **2. ACCOUNTING POLICIES (CONTINUED)**
## **2.3 Income (continued)**
Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market, a corresponding amount is then recognised in expenditure in the period of receipt.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
All expenditure is accounting for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings.
All expenditure is inclusive of irrecoverable VAT.
## **2.5 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.6 Going concern**
The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements continue to be prepared on the going concern basis. In the opinion of the trustees there is no material adverse effect on the charity's ability to continue to trade. The trustees believe the charity is well placed to manage its business risks successfully. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
## **2.7 Fixed assets**
The charity has a policy to write off any capital items which cost less than £1,000. The nature of the charity’s activities means that such items have an average useful economic life of less than one year.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.
14
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
**JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **2. ACCOUNTING POLICIES (CONTINUED)**
## **2.7 Fixed assets (continued)**
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor vehicles and equipment 50% straight line Freehold property (excluding land) 2% straight line Modular homes 8% straight line Leasehold improvements Over the life of the lease Freehold improvements 10% straight line
## **2.8 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.9 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.10 Cash at bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.11 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised as a finance cost.
## **2.12 Operating leases**
Rentals under operating leases are charged to the Statement of Financial Activities incorporating income and expenditure account on a straight line basis over the lease term.
## **2.13 Pensions**
The charity contributes to money purchase, defined contribution schemes, on behalf of its employees. No liability exists in respect of pensions other than monthly contributions due which is included within creditors.
15
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
**JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **2. ACCOUNTING POLICIES (CONTINUED)**
## **2.14 Taxation**
The company is a registered charity and as such is not liable to taxation.
## **2.15 Companies Act 2006**
These financial statements have been prepared in accordance with the Companies Act 2006 with amendments to enhance the "True and Fair" view. The inclusion of an Income and Expenditure account is not deemed necessary as the information is disclosed in the Statement of Financial Activities.
|**General**
**Designated Restricted**
**Total**
**funds**
**funds**
**funds**
**funds**
**2023**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
**3. INCOME FROM DONATIONS AND LEGACIES**
Donations (monetary)
601,019
-
12,000
613,019
Donations (in kind)
-
-
-
-
Grants
17,090
-
75,988
93,078
618,109
-
87,988
706,097
Donations in kind are modular homes donated in the previous year.
**4. INCOME FROM CHARITABLE ACTIVITIES**
Housing benefit
1,006,359
-
-
1,006,359
Resident contributions
31,874
-
-
31,874
Streets to Homes
483,992
-
-
483,992
Cambridgeshire County Council
-
-
-
-
Severe Weather Emergency Provision
2,730
-
-
2,730
1,524,955
-
-
1,524,955
**5. INVESTMENT INCOME**
Bank and other interest
1,376
-
-
1,376
1,376
-
-
1,376
**6. EXPENDITURE ON RAISING FUNDS**
Fundraising support
16,854
-
-
16,854|**Total**
**funds**
**2022**
**£**
484,345
300,000
113,915
898,260
873,128
28,659
-
520,395
-
1,422,182
3,553
3,553
19,508|
|---|---|
16
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
## **JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
|**Direct**
**Support**
**Total**
**costs**
**costs**
**funds**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**7. ANALYSIS OF EXPENDITURE BY ACTIVITIES**
Charitable activities
2,143,846
151,293
2,295,139
**Restricted**
**Total**
**General**
**Designated**
**funds**
**funds**
**funds**
**funds**
**2023**
**2023**
**2023**
**2023**
**8. ANALYSIS OF DIRECT COSTS**
**£**
**£**
**£**
**£**
Agency staff
68,288
-
-
68,288
Cleaning and waste disposal
45,542
-
510
46,052
Depreciation
20,647
22,192
70,374
113,213
Equipment rental
9,003
-
-
9,003
Food
44,745
10
988
45,743
Resident welfare
42,345
-
-
42,345
Light and heat
80,521
-
-
80,521
Mortgage interest
11,583
-
-
11,583
Motor expenses
949
396
-
1,345
Rates and water
68,839
-
-
68,839
Recruitment
4,788
-
-
4,788
Rent
222,843
-
12,000
234,843
Repairs and maintenance
62,284
4,250
15,094
81,628
Resettlement
4,530
-
-
4,530
Salaries
1,222,909
21,855
22,850
1,267,614
Staff travel
6,198
-
-
6,198
Sundries
8,079
-
-
8,079
Telephone
35,431
-
-
35,431
Training
13,768
35
-
13,803
1,973,292
48,738
121,816
2,143,846
**9. ANALYSIS OF SUPPORT AND GOVERNANCE COSTS**
**General**
**Designated**
**Restricted**
**Total**
**Support**
**Support**
**Support**
**2023**
**£**
**£**
**£**
**£**
Auditors remuneration
4,820
-
-
4,820
Finance support
4,062
-
-
4,062
Bank charges
1,785
-
-
1,785
DBS applications
2,485
-
-
2,485
Health and safety
22,083
-
19,760
41,843
Insurance
28,065
-
-
28,065
IT expenditure
33,349
-
706
34,055
Printing, postage and stationery
2,908
-
-
2,908
Professional fees
18,617
7,327
1,781
27,725
Publicity, printing and events
3,530
-
15
3,545
121,704
7,327
22,262
151,293
**Unrestricted**|**Total**
**funds**
**2022**
**£**
1,869,539
**Total**
**funds**
**2022**
**£**
59,559
39,204
86,574
6,868
27,452
19,756
60,245
12,560
59
57,902
3,610
200,984
50,451
5,483
1,053,616
2,709
12,355
20,272
14,652
1,734,311
**Total**
**2022**
**£**
5,420
1,806
1,902
1,442
21,059
22,921
35,942
2,440
33,484
8,812
135,228|
|---|---|
17
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
## **JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
|**10. NET INCOME/ EXPENDITURE**
The excess of expenditure over income is stated after charging:
Auditors remuneration: audit
Depreciation of fixed assets
Operating lease rentals - equipment
**11. STAFF COSTS**
Wages and salaries
National insurance
Pension costs
The average number of persons employeed by the company during the year was
Charitable activities|**2023**
**£**
4,820
113,213
9,003
**2023**
**£**
1,124,800
94,962
47,852
1,267,614
as follows:
**2023**
**No.**
47
47|**2022**
**£**
5,420
86,574
6,868
**2022**
**£**
934,040
77,594
41,982
1,053,616
**2022**
**No.**
42
42|
|---|---|---|
There was one employee whose employee benefits (excluding employer pension costs) exceeded £60,000 (2022: nil).
The key management personnel of the charity comprise the Board of Trustees (who were not remunerated), and the Senior Management Team. The total employee benefits of the key management personnel of the Charity were £157,909 (2022: £135,913).
No Trustees were employed during the year and no remuneration was paid to them for their services.
During the year one Trustee received reimbursement of travel expenses of £107 (2022: nil).
## **12. TANGIBLE FIXED ASSETS**
|**Cost**
As at 1 April 2022
Additions
Disposals
As at 31 March 2023
**Depreciation**
As at 1 April 2022
Charge for the year
Eliminated on disposal
As at 31 March 2023
**Net book value**
As at 31 March 2023
As at 31 March 2022|**Freehold**
**Modular**
**Property**
**Motor**
**buildings**
**Homes**
**Improvements**
**vehicles**
**Equipment**
**£**
**£**
**£**
**£**
**£**
1,006,900
800,000
53,903
30,563
32,652
-
-
244,278
27,300
6,320
-
-
-
-
-
1,006,900
800,000
298,181
57,863
38,972
46,040
60,000
1,934
19,102
24,276
11,510
64,000
12,048
19,423
6,231
-
-
-
-
-
57,550
124,000
13,982
38,525
30,507
949,350
676,000
284,199
19,338
8,465
960,860
740,000
51,969
11,461
8,376|**Total**
**£**
1,924,018
277,898
-
2,201,916
151,352
113,212
-
264,564
1,937,352
1,772,666|
|---|---|---|
There are two registered charges relating to the secured mortgages on a property on Cratherne Way, Cambridge and a property on Peverel Close, Cambridge.
18
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
## **JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
**----- Start of picture text -----**
2023 2022
13. DEBTORS £ £
Trade debtors 840 91,474
Prepayments and accrued income 135,379 111,999
Other debtors 35,601 52,235
171,820 255,708
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors 72,686 86,550
Mortgage 26,000 25,000
Other taxation and social security 26,169 20,221
Other creditors 6,182 6,459
Accruals and deferred income 258,051 42,519
389,088 180,749
Deferred income:
As at 1 April 2022 2,089 57,024
Deferred income recognised in the year (2,089) (57,024)
Resources deferred during the year 13,228 2,089
As at 31 March 2023 13,228 2,089
Income is deferred where grant income remains unspent at the balance sheet date.
15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR £ £
Mortgage - falling due in less than 5 years, repayable by instalments 104,000 110,000
Mortgage - falling due in more than 5 years, repayable by instalments 163,204 184,849
267,204 294,849
**----- End of picture text -----**
The secured bank loans are secured on a property on Peverel Close, Cambridge which has a carrying value of £283,781 and a property on Cratherne Way, Cambridge which has a carrying value of £275,656. The Peverel Close loan has an initial interest rate fixed for 10 years at 4.5% and is repayable in instalments over 15 years. The Cratherne Way loan has an initial interest rate fixed of 3.88% for 5 years and is repayable in instalments over 15 years.
19
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
## **JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
**----- Start of picture text -----**
16. STATEMENT OF FUNDS Brought Transfers Carried
forward Income Expenditure in/(out) forward
£ £ £ £ £
Unrestricted Funds:
General Funds: 534,609 2,144,440 (2,111,850) 10,599 577,798
-
Designated Funds: - Freehold building 641,001 (11,510) 26,655 656,146
-
- Future developments 582,154 (33,111) (358,504) 190,539
- Additions to leasehold - - (11,444) 321,250 309,806
property
-
1,223,155 (56,065) (10,599) 1,156,491
Total unrestricted funds 1,757,764 2,144,440 (2,167,915) - 1,734,289
Restricted Funds:
- -
Cambridge City Council : 451 Building Works 50,000 (42,567) 7,433
AstraZeneca Residents Christmas Meals - 988 (988) - -
- -
Peter Sowerby Foundation 25,000 (22,850) 2,150
- - -
Evelyn Trust 1,673 (1,673)
Modular units 740,000 12,000 (76,000) - 676,000
Total restricted funds 741,673 87,988 (144,078) - 685,583
Total Funds 2,499,437 2,232,428 (2,311,993) - 2,419,872
**----- End of picture text -----**
## **Restricted Funds:**
## **Cambridge City Council: 451 Building Works**
Funding received from the City Council to facilitate the refurbishment of 451 Newmarket Road and create three additional bedrooms. This fund is fully spent and the balance carried forward relates to depreciation.
## **AstraZeneca Residents Christmas Meals**
Donation from AstraZeneca UK to help fund Christmas meals for residents across the services.
## **Peter Sowerby Foundation**
In this project, Jimmy’s worked in partnership with the University of Cambridge. The funding paid for additional transitional support for individuals moving into or out of the modular homes, and evaluated the efficacy of modular homes as a solution to homelessness and the importance of transitional support in unlocking their impact.
## **Evelyn Trust**
The Evelyn Trust funded the engagement of an on-site mental health support worker to provide specialist, bespoke support to Jimmy’s beneficiaries. Independent evaluation 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 statutory services for providing these services directly.
## **Modular units**
Donations of the modular homes and contributions towards the furnishing costs.
## **Designated Funds:**
## **Freehold building**
This is the provision of residential properties to assist residents making the transition from hostel accommodation into their own tenancy.
## **Future developments**
To fund plans for future development in accordance with strategic objectives, as set out in the Trustees' Report.
20
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
**JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **16. STATEMENT OF FUNDS (CONTINUED)**
## **Additions to leasehold property**
To fund improvements and enhancements to leasehold buildings in accordance with our strategic objectives, in particular increasing and improving front-line accommodation at the two hostels.
## **17. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Tangible fixed assets
Net current assets less creditors due after
one year|**Restricted**
**Total**
**General**
**Designated**
**funds**
**funds**
**funds**
**funds**
**2023**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
312,002
949,350
676,000
1,937,352
265,796
207,141
9,583
482,520
577,798
1,156,491
685,583
2,419,872
**Unrestricted**|**Total**
**funds**
**2022**
**£**
1,772,666
726,771
2,499,437|
|---|---|---|
## **18. OPERATING LEASE COMMITMENTS**
At 31 March 2023 the total of the charity's future minimum lease payments under non-cancellable operating leases was:
|**Expiry date**
Less than one year
Between one and five years
More than five years|**Total**
**Total**
**2023**
**2022**
**£**
**£**
220,963
194,289
352,731
223,868
40,991
55,014
614,685
473,171
**Leasehold property**|
|---|---|
## **19. GIFTS IN KIND**
The volunteer hours donated to the charity during the year has been estimated at approximately 5,500 hours.
## **20. RELATED PARTY TRANSACTIONS**
Geoff Mann and Jane Mann, who are trustees of the charity, are also trustees of the Zion Baptist Church, a registered charity which received rent of £72,000, and insurance of £4,535 from Jimmy's Cambridge in the year.
21
DocuSign Envelope ID: C2CBE2D3-AED6-4755-A296-C90AC25765E3
## **JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **21. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES**
|**Income from:**
Donations and legacies
Charitable activities
Investments
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
**Net income**
Transfers between funds
**Net movement in funds**
Total funds brought forward|**Unrestricted Unrestricted Restricted**
**General**
**Designated**
**funds**
**funds**
**funds**
**2022**
**2022**
**2022**
**£**
**£**
**£**
486,350
-
411,910
1,422,182
-
-
3,553
-
-
1,912,085
-
411,910
19,508
-
-
1,673,946
29,356
166,237
1,693,454
29,356
166,237
218,631
(29,356)
245,673
(125,668)
125,668
-
92,963
96,312
245,673
441,646
1,126,843
496,000|**Total**
**funds**
**2022**
**£**
898,260
1,422,182
3,553
2,323,995
19,508
1,869,539
1,889,047
434,948
-
434,948
2,064,489|
|---|---|---|
22