2023-03-31-accounts - Roundabout Limited

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	The Council of Management comprises under company law. The trustees who ofthis report were as follows:	The Council of Management comprises under company law. The trustees who ofthis report were as follows:	The Council of Management comprises under company law. The trustees who ofthis report were as follows:	The Council of Management comprises under company law. The trustees who ofthis report were as follows:	all ofthe trustees served during the	all ofthe trustees served during the
			John Caldwell	- Chair
			Elisabeth Arundale
			Scott Bailey
			Kevin Docherty
			Joel Hanna
			Julie MacDonald
			Karen Moxham
			Amar Tembe
			Gareth Young	- resigned	27 June 2022
			Nicholas Barrett	—appointed	24 April 2023
			Cheryl Kemanci	- appointed	24 April 2023
			Katie Ellis	- appointed	24 April 2023
			Tim Castle	- appointed	24 April 2023
Key management			Ben Keegan	- Chief Executive
personnel		Tracey Jackson		- Deputy Chief Executive
			Rose Doherty	- Head ofAccommodation		Services
		Sue Watts		- Head of Finance
		Geoff Ticehurst		- Central Services Manager
Bankers	Lloyds	Bank
	High Street
	Sheffield
	S12GA

		now	Unrestricted funds E	Restricted funds E	Total funds 2023 E	I/nrastrlcrad funds E	Resrrlclad furrde E	Total funds 2022 E
Income
Oonations and	legacies	3	427,150	8,500	435,650	323,600	10,991	334,591
Income from charitable activities		4	5,609,699	219,926	5,829,625	3,858,127	341,192	4,199,319
Income from other trading
activities		s
Investment income		6	9,158		9,158	8,015		9,015
Total Income			5,046,007	228r426	6,274,433	4,189,742	362,183	4,541,925
Expendltme
Costs ofraising	funds	7	253,858		253,858	189,778		189,778
Expenditure on actlvItlas	charitable	s	5,775,405	252,279	6,027,684	3,936,378	361,984	4,298,362
Total expenditure			6,029,263	252,279	6,281,542	4,125,1SS	351,984	4,488,140
Net gains/(losses)	on investments		55,000		55,000			4,488,140
filet Income/(expenditure) fisrthe year		le	71r744	(23r883)	47 891	53r586	('Sr801)	53,785
Transfer between funds
lect movement ln the year	funds for		71.744	(23,853)	47,891	63,SSS	(9,8021	53,785
Reconciliation of	funds
Total funds brought	forward		1,409,695	86,521	1,496,216	1,346,109	96,322	1,442,431
Total funds carried forward		1,481,439		62,668	1,544,107	ar409r595	88,521	1,496,216

		2023	2022
Cash provided by/(used In) operating activities		(248,281)	24,228
Cash flows fram investing attlvioesr
Dividends, interest, and rents from investments		9,158	8,015
Proceeds from sale oftangible fixed assets		500	9,045
(Purchase)/donation oftangible fixed assets		(8,343)	(72,655)
Cash provided by/(used in) Investing activities		1,318	(54,595)
Increase/(decrease) in cash and cash equivalents	in the year	(246,936)	(30,367)
Cash and cash equivalents at the beginning ofthe	year	648,477	678,844
Total cash equivalents atthe end ofthe year		401,641	646r477

Income from donations	and le	gacies
		Unrestrfcted	Restricted	Total 2023	Unrestricted	Resrcfcfed	TOtal 2022
			E	E	E	E	E
Donations Legacies Other		417,150 10,000	3,500 5,000	420,650 10,000 5,000	323,600	10,991	334,591
		427,150	8,500	435,650	323,600	10,991	334,591
Income from charitable	activities
Hotralng		unrestricted	Restricted E	Total 2023 I	Unresrricled E	Restricted E	2022 E
Hostel:
Net rent receivable Service Conlract Fees Student placement fees Other Income		451,787 275,155 200 25,400		451,787 275,155 200 25,400	439,004 275,830 5,321		439,004 275,830 5,321
Resettlement Ik Group Living:
Net rent receivable Service Contract Fees Support services Sheineld Youth Justice Service Student placement fees Other Income		2,341,663 945,872 728,368 59,311 1,500 97793		2,341,663 945,872 728,368 59,311 1,500 97793	1,598,877 525,000 702,033 59,312 1,500 2 125	96,525 30000	1,598,877 621,525 702.033 59,312 1,500 32125
Total Housing Income		4,927,049		4,927,049	3,609,002	126,525	3,735,527
Housing Support
Supported Tenancy:
Service Contract Fees Student placement fees Homeless Prevention:		203,828 1,400		203,828 1,400	230,426 2,800		230,426 2,800
Big Lottery Reaching Comm. BBCChudren In Need Private Rented Sector HPS Mediation Other Income		23,616 69,261	67,437 54,829	67,437 54,829 23,616 69,261	14,899	18,934 I9,407 55,200 29,595	18,934 19,407 55,200 29,595 14,899
Other Support Projects: H 6 M Foundation Future Builders First Step NHS Safe Space Refurbishments Health Fund Other		90,000 192,000 79,700 20,180	37,126 61,742 (10,000) 8 792	37,126 61,742 80,000 192,000 79,700 20,180 8 792		40,500 41,031 10,000	40,500 41,031 10,000
Total Housing Support income		679,985	219,926	899,911	248,125	214,667	462,792
Other Inceme
Student placement fees		2,665		2,665	1,000		1,000
		5,609,699	219,926	5,829,625	3,858,127	342,192	4,199,319

5	Xncome from other trading	Xncome from other trading	activities
					2023	2022
					6	5
	Housing Management Services
	All income from other trading		activities	is unrestricted.
6	Investment income
					2023	2022
					6	6
	Income from bank deposits				1,227	84
	Rent - investment property				7,931	7,931
					9,158	8,015
	All investment income is unrestricted,
7	Cost of raising funds
					2023	2022
					E	6
	Fundraising staff costs - salaries				184,652	130,406
	Fundraising staff costs - other				1,038	376
	Fundraiser's Fees				3,600	3,300
	Fundraising events				22,789	30,025
	Marketing and promotional	costs			9,233	5,987
	Travel				653	160
	Office Costs				3,879	7,147
	Premises				5,419	5,261
	Governance costs (see note Support costs (see note 9)	9)			2,855 19,740	1,909 5,207
					253,858	189,778

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9	Analysis of	gover	nance	a	nd support	caser	caser
					Support	Governance		Total 2023	Support	Gavemance		Total 2022
					E			E	E		E	E
	Staffcasts -	salaries			146,068		40,671	186,739	78,039		31,767	109,806
	Staff casts -	other			17,447			17,447	3,282			3,282
	Pmmises				36,394			36,394	8,225			8,225
	Ofhce costs				6,357			6,357	2,730			2,730
	IT mats				51,425			51,425	10,439			10,439
	Administrative	mats			53,767			53,767	(1,340)		538	(602)
	Depreciation
	Audit fees						6,120	6,120				5,400
	Accountancy services Legal and professional				12,156		13	12,169	l,470			1,470
					323,614		46,804	370,418	102845		37705	140,550
	Governance	and support		mats are allocated			between	Cost ofRaising	Funds and Expenditure		on Charitable
	Activities pro	rata	per stalf FTE engaged			in	those activities
10	Net Income/(expenditure)				for the year
	This ts stated	alter	cliarging/(crediting):								2023	2022
											E	E
	Depreciation										22,768	23,075
	Operating lease rentals: Property										849,915	493,456
	Other
	Auditor's remuneration			- audit fees							6,120	5,400
	Auditor's remuneration			- tax advice
11	StaN costs
	Staff costs dunng		the year were as Follows:
											2023	2022
											E	E
	Wages and salaries									3,142,956		2,416,126
	Social security		costs								270,489	198,563
	Pension costs										148,230	119,470
										3,561,675		2,734,159

	charitable obJects. No tax charges have ansen in the	charity.		pp
14	fixed assetm tangible assets
		freehold land	Motor
	Cost	and buildings 6	Vshides	Tata I E
	At 1 Apra 2022 Additions Disposals	812,046	29,038 8,343 (2,348)	841,084 8,343 (2,348)
	At 31March 2023	812046	35033	847,079
	Depreciation
	At I April 2022 Charge for the year DISPossls	92,672 14,632	18,145 8,156 (261)	110,817 22,788 (261)
	At 31March 2023	107,304	26,040	133,344
	Net book value
	At 31March 2023	704,742	8,993	713,735
	At 31 March 2022	719,374	10,893	730,267

18	Investments
	Fixed Asset Investments:
											2023		2022
											E		E
	Market value at the start ofthe			year							65,000		65,000
	Add: additions to investments		at cost
	Disposals at carrying value
	Add net gain/(loss) on revaluation										55,000
	Market value at the end ol'the		year								120,000		65,000
	Investments consisted entirely		or an			investment			property.	The historical	cost ofthe investment property		was
	E94,597.
	The property was not subiect	to		a professional				valuabon		at the balance	sheet date. The fair value is
	considered to be the market	value afthe					property		and was determined		by the Counol ofManagement	in	March
	2023 based upon the marketed			price and			sold	pdice ofsimilar properties			in the area.
	There are no restrictions on	the		abgity of			the charity to dispose ofthe property.
16	Debtors
											2023		2022
											E		E
	Rent receivable										257,455		126,923
	Trade debtors										136,098		99,109
	Other debtors										66,705		54,155
	Prepayments and accrued income										268,471		249,339
											728,729		529,526
17	Creditors: amounts falling	due within					one	year
											2023		2022
											E		E
	Staff overtime and relief worker			payments							46,600		21,950
	Trade creditors										80.520		213,816
	Short term compensated absences				(hogday]						7,000		4,000
	Other creditors and accruals										34,804		25,548
	Housing benefit overpaid										33,541		8,704
	Deferred Income										118,150		137,105
	Taxation and social security	and		pension			costs				99,283		65,931
											419,898		477,05a
la	Deferred Income
											2023 I		2022 E
	Deferred income brought farward										137,105		86,899
	Contract monies received Released to income from charitable					activities					293,351 ~312,306		1,475,007 ~f424 801
	Deferred Income cerned forward										118,150		137,105

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Name of Fund	Descrtipuan, nature and purposes of tha 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 becornmg
	homeless.
Big Lottery	Big Lottery Reaching Communities grant to fund salaries and operating casts within Bie Homeless prevengari Service for a five-year period.
H Ik M Foundation	Grant to fund an Employment a Skills Job Coach for a three-year period.
Future Builders	Funding to support nine young homeless people to refurbish a property that they wsi be able to sve In once the refurbishment Iscompleted.
Private Rented Sector	Funding from Yorkshire Building Surety to help and support young people to access Private Rented Accommadatfon in Sheffleld.
HPS Mediation	Fundmq received to employ another part-time Mediation Worker.
Rapid Rehousing	Funding received from various bodies and trust funds towards the costs ofsupporting rough sleepers in Shefrield.
First Step Campaign	A E1ok donation received from the Howarth Group, together with future funding fmm Landsid in 2022/23 as part of their First Step campaign to provide amemency accommodation for young people to take the first step out ofhomelessness.
Other Projects	Various donations to support equipment. and activities. ES,002was received fram Yorkshire Sporls Foundation towanls varloiw sporting opportunitlaa for the young people. E3,040 was racaNad from Cydlng UK towards blkes and safety equipment for our young people. E1,800was received from Sheffield Ceundl's Suklde Pravwifien Fund towards lrulnlng courses far preventloii. E1,000 was received towards supporting young people with autism. Other donations totafilng Eggs were mceived towards bus passes
	fOr yaung peOple and fuetbag CeaChlng.
Norman House Limited	Funds towards the cost offurnishing and decorating a naw 'Care flouse' to provide resettlement housing ln Sheffield.
Glencoe Road Refurbishment	Trust income Iksignificant donations received towards the refurbishment ofa new Group Living project at Glencoe Road, Shelfield, which was purchased In May 2019.

21	Analysis efnet assets between funds	Analysis efnet assets between funds		2023	2023					2022
		General	Desigiiated		nestncled			General	Designated	neslricted
		FunrlI	funds E		funds E	Total 6		Fund E	Funds E		funds E	Total E
	Tangible fixed assets Fixes asset investments	222,960 120,000	490,775			713,735 120,000		228,805 65,000	50I,462			730,267 65,000
	Cash at bank and m hand	338,873			62,668	401,541		56A956			86,521	648,477
	Other net currant assets/	298,831	10,000			308,831		42,472	10,000			EZ,472
	Glabfiiues)
	Total	980,664	500,775		62,666	1,544, 107		898233	Ell,e62		86,521	1,496216
22	Operating lease commltmenls
	The chanty's total future	minimum lease	payments	under	non-canceg able	operating	leases	isas Ngons	for each oFthe		fogonlng	penods:
											Property
											2023	2022
												F
	Less than one year One to nve years Over five years										433,337 320,875 150,600	247,41 ISA296
											905,012	445,709