##
##
||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|||||
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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|
##
|0|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|
##
##
|19|Analysis of movements|In|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|
##