2022-03-31-accounts - Roundabout Limited

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	of this	report were as follo	ws:
		John Caldwell	- Chair
		Elisabeth Arundale
		Scott Bailey
		Kevin Docherty
		Zahid Hamid	—retired	13'"December 2021
		3oel Hanna
		3ulie MacDonald
		Karen Moxham
		Amar Tembe
		Gareth Young	- resigned	27"3une 2022
Key management		Ben Keegan	- Chief Executive
personnel		Tracey 3ackson	- Deputy	Chief Executive
		Rose Doherty	- Head of	Accommodation	Services
		Sue Watts	- Head of	Finance
Bankers	Lloyds	Bank
	High Street
	Sheffield
	Si 2GA
Auditors	Hart Shaw LLP
	Europa	Link
	Sheffield Business Park
	Sheffield
	Sg 1XU

Independent auditors, report to the members of Roundabout Limlted In relation to how the risk of management override of controls was addressed, our approach included but was not Ilmlted to.. Assesslng whether Judgements and assumptlons made In determlnlng the accounting estimates were Indlcatlve of potentlal blas Investigating rationale of slgnSflcant or unusual transattlons and agreelng to underlylng CordS Reviewlng related partles and transartlons to ensure these were not outside the normal course of business Enqulrlng wlth management as to whether they had any knowledge of any actual or suspected fraud Reviewing of all materlal Journal entrles made throughout the year as well as those made to prepare the financlal statements Increased substantive testbng across all materlal Income streams Owlng to the Inherent Ilmltatlons of an audlt, there Is an unavoldable rlsk that we may not have detected some materfal mlsstatements In the flnanclal statements, even though we have properly followed audltlng 5tandard5. There is a hlgher risk of Irregularities relating to fraud being undetected as these may Involve the overrlde of Intemal controls, collusion, dellberate omlssSons andlor mlsrepresentatlons. A further description of our responsibilltles is available on the Flnanclal Reportlng Councll's webslte at: https'./lwww.frc.org.uk/Our-Work/AudlVAudlt-and-assurance/Standards-and-guldancelStandards-and- guldance-for-audltors/Audltors-responsiblllties-for-auditlDescrlptlon-of-audltors-responslbllities-for- audlt.aspx. Thls descrlptlon forms part of our audltor's report. U•e of our report Thls report Is made solely to the charltable company's members, as a bod in accordance wlth Chapter 3 of Part 16 of the Companles Act 2006. Our audlt work ha5 been underta en so that we mlght state to the charltable company's members those matters we are requlred to state to them In an auditor's report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume re5ponslblllty to anyone other than the charltable company and the charltable company's members as a body, for our audlt work, for thls report, or for the oplnlons we have formed. Han h Jones (Senlor Statutory Audltor) for and on behalf of Hart Shaw LLP 05 Oclober 2022 Chartered Aco)untant• ststutory Auditor Europa Unk Sheffield Buslness Park Sheffleld S9 IXU 17

			unrestncted	Restricted	Total funds	Unrestricted	Restricted	Total funds
		note	funds I	fundsI	2022 E	fundsI	funds 6	2021 6
Income
Donations and legacies			323,600	10,991	334,591	233,965	254,898	488,863
Income from charitable		4	3,858,127	341,192	4,199,319	3,602,903	359,109	3,962,012
activities
Income from	other
trading activities		5
Investment income		s	8,015		8,015	8,089		8,089
Total income			4,189,742	352~183	4 541~925	3~844~957	6I4~007	4 458 964
Expenditure
Costs of raising	funds		189,778		189,778	167,794		167794
Expenditure on		e	3,936,378	361,984	4,298,362	3,557,859	599,139	4,156,998
charitable activities
Total expenditure			4,126,156	361,984	4,488,140	3,725,653	599,139	4,324,792
Net income/(expenditure)		lo	63,586	(9,801)	53,785	119,304	14i86$134,172
Transfer between funds
Net movement in	funds		63,586	(9,801)	53,785	119,304	14,868	134,172
for the veer
Reconciliation of	funds
Total funds brought	forward		1,346,109	96,322	1,442,431	1,226,805	81,454	1,308,259
Total funds carried forward			1,409,695	86,521	1,496,216	1,346,109	96,322	1,442,431

		Note	2022	2021
Cash provided by/(used in) operating activities		24	24,228	221,540
Cash flows fmm investing activities:
Dividends, interest, and rents from investments			8,015	8,089
Proceeds from sale of tangible fixed assets			9,045
(Purchase)/donation of tangible fixed assets			(71,655)	(53,250)
Cash provided by/(used in) investing activities			(54,595)	(45,161)
Increase/(decrease) in cash and cash equivalents	in the year		(30,367)	176,379
Cash and cash equivalents at the beginning ofthe	year		678,844	502,465
Total cash equivalents at the end ofthe year			648,477	678,844

Income from charita		le activitie	s
			Unrestricted	Restricted	Total 2022	Unrestricted	Restricted	2021
			E	E	E	E	E	E
Housing
Hostel:
Net rent receivable			439,004		439,004	392,355		392,355
Supporting People			275,830		275,830	284,686		284,686
Student placement		fees	5,321		5,321	75		75
Resettlement Housing:
Net rent receivable Support services			1,598,877 702,033		1,598,877 702,033	1,353,626 574,547		1,353,626 574,547
Sheffield Youth Justice Service			59,312		59,312	59,312		59,312
Student placement		fees	1,500		1,500
Other Income			2 125		2 125
Total Housing Income			3,084,002		3,084,002	2,664,601		2,664,601
Housing Support
Supported Tenancy:
Supporting People			755,426		755,426	760,034		760,034
Student placement	fees		2,800		2,800	10,444		10,444
Homeless Prevention:
Big Lottery Reaching		Comm.		18,934	18,934		75,362	75,362
BBCChildren in Need				19,407	19,407		38,273	38,273
Private Rented Sector				55,200	55,200		49,257	49,257
HPS Mediation				29,595	29,595		30,186	30,186
Rapid Rehousing MHCLG				96,525	96,525		88,349	88,349
Rapid Rehousing Nationwide							25,000	25,000
Rapid Rehousing Other				30,000	30,000
First Step Campaign				10,000	10,000
Other Income			14,899		14,899
Other Support Projects:
Ha M Foundation				40,500	40,500		18,450	18,450
Future Builders				41,031	41,031		34,232	34,232
SIBFoundation
Covid-19						167,824		167,824
Total Housing Support		Income	773,125	341,192	1,114,317	938,302	359,109	1,297,411
Other Income
Student placement	fees		1,000		1,000
			3,858,127	341,192	4,199,319	3,602,903	359,109	3,962,012

5	Income from other trading	Income from other trading	Income from other trading	Income from other trading	Income from other trading	Income from other trading	activities
									2022	2021
									E	E
	Housing Management				Services
	All income	from other			trading		activities	is unrestricted.
6	Investment		income
									2022	2021
									E	E
	Income from		bank	deposits					84	163
	Rent - investment			property					7,931	7,926
									8,015	8,089
	All investment income				is unrestricted.
7	Cost of raising funds
									2022	2021
									E	E
	Fundraising		staff costs		- salaries				130,406	120,459
	Fundraising		staff costs		- other				376	1,189
	Fundraiser's		Fees						3,300	11,159
	Fundraising		events						30,025	7,546
	Marketing	and promotional				costs			5,987	2,279
	Travel								160	28
	Office Costs								7,147	7,898
	Premises								5,261	9,297
	Governance		costs	(see note		9)			1,909	1,637
	Support costs (see			note 9)					5,207	6,302
									189,778	167,794

A olysls of	A olysls of	expenditure	on oharltable	acti Itles
			Hovel	g	Houslntl		Support				Hlmo	Ig	Honolnp			Sbppo t
								Othe									Ome
			Hostel E Resettlement Hoon 9 E		Svppoltod Tenancy 1	Ho class Pwwenban E		Soppolt Pm) cts I	Total 2811 E	H ster E	Reseltlement Hoosrng E		S ppowod renancy E	Ho P		class tio E	5 pport Pny cl* E	Total 2021 E
Staff	mal	Sale les	441,091	1,513,668	264,120	221,069		53,999	2,493,947	432,102		i,sss,eso	252,613		222,645		63,631	2.324,845
Staff	costs -	Other	22,Oct	30,332	235		2,246	(1,260)	53,634	4,754		4,064	20			3,674	1,260	14,572
P	1545			10,139	7,311		10,287		35,737			13,201	0,123		10,219			71,543
Ad	st abo		15,629	04,772	16,846		16,034	(263)	133,010	14,429		75,589	10,925		21,907		17,475	140,405
Pnllsct co5tx			190,600	1,207,526	(1,210)		11,273	17,336	1,425,017	147,060		1,256,047	669		IS,057		43,70s	l,es3,12s
Depreciation			8,660	14,415					13,075	7,071		12,450						19,529
Governance costs(see
note	9)		5,250	22,432	3,010		3,341	955	35,796	5,731		ro,srd	3,275			1,637	2047	33,566
Support costs(see
note	9)		14,320	61,106	10,415		9,113	2,604	97,630	22,059		80,356	12,605			6,302	r,ars	129,200
Total			697,631	2,952,470	301,527	273,363		73,37t	4,190,362	614,006		2,017245	208,230		281,521		135,996	4,156,990
					Restricted exp ditum unrestricted expend t e				361,904 3,036,370				Rest ted cape unmet cted xp		ditum difo e			599,139 3,557,859
									4,190,301									4,156,998

Analysis ofgovernanc	e a	nd support	costs	costs	costs
		Support	Governance				Total 2022		Support	Governance		Total 2021
		E		E			E		E		E	E
Staff costs —salaries		78,039		31,767			109,806		87,059		29,713	116,772
Staff costs —other		3,282					3,282		1,996			1,996
Premises Office costs ITcosts		8,225 2,730 10,439					8,225 2,730 10,439		8,123 I,746 6,516			8,123 1,746 6,516
Administrative costs		(1,340)			538		(802)		14,735		299	15,034
Depreciation
Audit fees				5,400			5,400				5,190	5,190
Accountancy services
Legal and professional		1,470					1,470		15,328			15,328
		102,845		37,705			140,550		135,503		35,202	170,705
Governance and support	costs are allocated			between		Cost	of Raising	Funds	and Expenditure		on Charitable
Activities pro rata per staff FTE engaged			in	those	activities.
Net income/(expenditure)		for the year
This is stated alter charging/(crediting):											2022	2021
											E	E
Depreciation											23,075	19,529
Operating lease rentals:
Property											493,456	414,514
Other
Auditor's remuneration	—audit fees										5,400	5,190
Auditor's remuneration	—tax advice
Staff casts
Staff costs during the year were as follows:
											2022	2021
											E	E
Wages and salaries											2,416,126	2,273,480
Social security costs											198,563	181,945
Pension costs											119,470	106,651
											2,734,159	2,562,076

objects. No tax charges have arisen in the cha Fixed assets: tangible assets	rity.
	Freehold land	Motor
	and buildings	Vehicles	Total
Cost	E		E
At 1 April 2021	751,185	27,994	779,179
Additions	60,861	10,794	71,655
Disposals		(9,750)	(9,750)
At 31 March 2022	812,046	29,038	841,084
Depreciation
At 1 April 2021	78,648	11,261	89,909
Charge for the year	14,024	9,051	23,075
Disposals		(2,167)	(2,167)
At 31 March 2022	92,672	18,145	110,817
Net book value
At 31 March 2022	719,374	10,893	730,267
At31March 2021	672,537	16,733	689,270

Debtors
						2022	2021
						E	E
Rent receivable						126,923	63,222
Trade debtors						99,109	203,391
Other debtors						54,155	34,800
Prepayments and accrued		mcome				249,339	53,693
						529,526	355,106
Creditors: amounts	falling		due	within	one year
						2022	2021
						E	E
Staff overtime and relief		worker payments				21,950	28,600
Trade creditors						213,816	68,136
Short term compensated		absences		(holiday)		4,000	1,000
Other creditors and	accruals					25,548	80,922
Housing benefit overpaid						8,704	14,568
Deferred income						137,105	86,899
Taxation and social security			and pension		costs	65,931	65,664
						477,054	345,789
Deferred income
						2022	2021
						E	E
Deferred income brought		forward				86,899	74,441
Contract monies received						1,475,007	1,475,599
Released to income	from	charitable		activities		(1,424,801)	(1,463,141)
Deferred income carried forward						137,105	86,899

Analysis of movements	restricted funds
					asian«e at				ealance at
	Balance at I				I April				31 Mann
	Ap 12020 1	Income E	E penditu e 6	Trahsfais E	2021 6	tnmme E	E pend tore	T ansfem E	2022 E
Housing Support
Welfare Fund BBCCh Idren in Need Big Lottenc H 8 M foundato Future Builders pnvate Rented secto HPS Mediation Sie Foundation Rapid Rehousing MHCLG Rapid Rehousing Nationwide	3,631 9,703 43,559 4,091 (5,892) (6,548) 4,140 15,195 (1,715)	4,821 38,273 75,362 18,450 34,232 49,257 30,186 68,349 25,000	(4,499) (47,276) (87,837) (14,730) (26,875) (45,563) (30,186) (4,140) (77,216) (23,285)		3,953 698 31,D84 7,811 1,465 (E,e54) 26,328	2,006 19,407 18,934 40,500 41,031 55,20D 29,595 96,525	(3,828) (20,t05) (50,018) (26,649) (31,524) (33,785) (29,595) (122,853)		2,131 21,662 10,972 18,561
Rapid Rehouslng Other						30,00D	(30,000)
First Step Camps gn Other pm)acts	3,364	14,577	(3,296)		14,645	10,000 8,985	(9,335)		ID,DDD 14,295
	69,528	378,507	(364,905)		83,130	352,163	(357,692)		77,621
Housiilg
No man House Ltd	13,900				13,900				13,900
Glen«oe Road Refu oshment	(1,974)	235,500	(234,234)		(708)		(4,292)		(5,000)
	11,926	235,500	(234,234)		13,192		(4,292)		8,900
Total	81,454	614,007	(599,139)		96,322	352,183	(361,984)		86,521

Name	of Fund	of Fund	Description, nature and purposes ofthe fund
Welfare	Fund		Grants received from other charities to assist young people who do not	have access
			to other income.
BBCChildren		in Need	Grant to provide a family mediation service to prevent young people from becoming
			homeless.
Big Lottery			Big Lottery Reaching Communities grant to fund salaries and operating	costs within
			the Homeless Prevention Service for a five-year period.
H Ik M Foundation			Grant to fund an Employment Ik Skills 1ob Coach for a three-year period.
Future	Builders		Funding to support nine young homeless people to refurbish a property	that they	will
			be able to live in once the refurbishment is completed.
Pnvate	Rented	Sector	Funding from Yorkshire Building Society to help and support young people to access
			Private Rented Accommodation in Sheffield.
HPS Mediation			Funding received to employ another part-time Mediation Worker.
SIBFoundation			Funding received towards external consultancy costs regarding potential property
			renovation work.
Rapid Rehousing			Funding received from various bodies and trust funds towards the costs of supporting
			rough sleepers in Sheffield.
First Step Campaign			A E10k donation received from the Howarth Group, together with future funding		from
			LandAid in 2022/23 as part of their First Step campaign to provide emergency
			accommodation for young people to take the first step out of homelessness.
Other Prolects			Various donations to support equipment and activities. ES,600 was received from		The
			Smile Foundation to support group activities and tnps out. E2,385 was	received from
			Yorkshire Sports Foundation towards various sporting opportunities for	the young
			people. E1,000 was received from Tesco towards welcome packs m the	Private Rented
			service.
Norman	House Limited		Funds towards the cost of furnishmg and decorating a new 'Core House' to provide
			resettlement housing in Sheffield.
Glencoe	Road	Refurbishment	Trust income Ik sigmficant donations received towards the refurbishment	of a new
			Group Living prolect at Glencoe Road, Sheffield, which was purchased	in May 2019.

							Balance at									Iutlam» al					As	at	31
							1April 2020		tncome			mpendlture		Transfers		1Apra 2021	Inmme	lnPBndaun'.	Transfers		math		2D22
							5		E				E	5			E	5	5			5
D llD	Ip		tv		4		561,D77 145,D00		3 844	957		(3	717075)	145,gcm (145,000) 833.959			4,189,742	(4.11N468)	(10,00D)		898,233
Doris: rnportr		mmi		F		d	520,728						(8,578)			S12.150		(t0,858)			501,462
D uii. ss	ti	Ir		4															10,000			10,000
							1,226,805		3,844,957			(3,725,653)				1,346,109	4,189,742	(4,126,1m)			1,409,695
Name of	Fund						uescrlptlon,	nature		and		purposes olthe fund
Gelieml ivnd							The f'ree reserves aft»			aaowlng for all designated Funds.
Padgmtad							The develepment		fund	ls	targeted		towards the purchase			arid development	oFpmpertles	to replace housing	currently	leased from
dmdmmehl		fund					the private sector.
peslgrmtwl							The property	assets Fund			represents the funds			Invested	Iri two properhes,		IIst earns	has Road and Glencoe Road. These			are
0mpmty aseato			fund				iuiould and not therefore				avauahle		to support	ongoing operations.
oa$9listed							The educational		I'und	is targeted			towards helping young			people Into further	education.
ldtlcauohal		Fund

21	Analysis ofnet assets between	Analysis ofnet assets between	Analysis ofnet assets between	funds
								2022							2021
			Genera I		Designated				Restricted				General	Desrgnated	Restricted
				fund		funds			furids	Total			fund	funds	funds	Total
				E			E		E		E		E	E	E	E
	Tangible tixed assets		228,805			501,462				730,267			177,120	512,150		689,270
	Fixed asset investments Cash at bank and in hand		65,000 561,956						86,521	65,000 648,477			65,000 582,522		96,322	65,000 678,844
	Other net current assets/			42,472			10,000			52,472			9,317			9,317
	(liabilities)
	Tote I		898,233			511,462			86,521	1,496,216			833,959	512,150	96,322	1,442,431
22	Operating lease commitments
	The charity's total future minimum			lease payments			under	non-cancegable		operating		leases	is as follows	fcr each of the lollowmg periods:
															Property
															2022	2021
															E	E
	Less than one year														247,413	156,503
	One to five years														198,296	51,122
	Over five years
															445,709	207,625
23	Non-Adjusting Post Balance		Sheet Event
	There are no events subsequent		to	the year	end	that require			disclosure.
24	Reconciliation of net movement			in funds	to	net cash flow from operating					activities
															2022	2021
															6	E
	Net income/(expenditure) Adjustments for:	forthe year													53,785	134,172
	Depreciation charge														23,075	19,529
	Loss/(profit) on sale of fixed		assets												(1,462)
	Dividends, interest and rents from investments Decrease/(Increase) in debtors Increase/(decrease) In creditors														(8,015) (174,420) 131,265	(8,089) (33,I79) 109,107
	Net cash provided by/(used activities		in)												24,228	221,540