2022-03-31-accounts - Backup North West

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

	Page
Key Organisational Information
Annual Report ofTrustees	2-18
Independent Auditors Report	19—22
Statement of Financial Activities	23
Balance Sheet	24
Statement ofCashflows	25
Notes tothe Financial Statements	26-45

Ay4-"',VrP Loft House Resident; pictured.

BACKUP SERVICES Loft House Project Front Door Lucas Project Supported Lod9ings Fledds Place Uts.VH Outreach Chance5 BACKUP- Helping young peoplè to get back up and stay back up. WHAT'S ON OFFER? THE VAN l..l and group support Off Slte ActSYltle$ School or Chueh Cornmunityeven Accompawng SUpprt Free on slte counsellln9 Sportln9 groups. Local Business? Free lauttdry setrvlc•s Budgeting SeNites Do yOuw•nt to promote your or9nnisation5C5 Ooy¢>u wlntsomethlng dllV•r•Thtty•ur fe5kllls Tralnlng Exercise and Lelsure Why noi book Th•V•n and tst thern ser¥e hotand ¢old ¢Jrlnks and cak• tOl$F¢ust0Mèr3QrgueSIS? Fret Haircuts RiTh9 01204 52018J or email Thevan@backup-charity.or9.uk for tnoTe InfoimatKbn. You will be tacklinq SOLltI) hornelessne55 £¥10Fm•lts Volune¢r4n9 OprtUnIa50 Thpvan ETE Support li

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds	funds	funds	funds	funds
			Notes	2022	2022	2022	2021	2021	2021
							Restated		Restated
									f
Income from:
Donations and	legacies		3	17,096		17,096	15,489		15,489
Charitable activities:
Homeless young people
sUpport			4	2,250,874	271,133	2,522,007	2,118,178	232,434	2,350,612
Other trading	activities			50,641		50,641	28,023		28,023
Investments				901		901	1,626		1,626
Totalincome				2f319512	271p133	2 590~645	2J163316	232434	2p395p750
Expenditure on:
Raising funds			7	11,536		11,536	5,748		5,748
Charitable activities:
Homeless young people
sUpport			8	2,536,688	233,448	2,770,136	2,114,830	222,434	2,337,264
Total expenditure				2,548,224	233,448	2,781,672	2,120,578	222,434	2,343,012
Net income/(expenditure)
before gains/(losses)		on
degned benefit pension
scheme			10	(228,712)	37,685	(191,027)	42,738	10,000	52,738
Transfers between funds				10,000	(10,000)		37,506	(37,506)
Actuarial gains	/(losses) on
defined benefit	pension
scheme				56,827		56,827	(113,790)		(113,790)
Net movement	in funds for
the year				(161~885)	27~685	(134200)	(33546)	(27~506)	(61p052)
Fund balances	brought
forward				529,353	10,000	539,353	562,899	37,506	600,405
Fund balances	carried
forward				367,468	37,685	405,153	529,353	10,000	539,353

					Notes	2022	2021
						F.	6
							Restated
Fixed assets
Tangible assets					14	47,576	51,333
						47,576	51,333
Current assets
Debtors					15	293,151	265,840
Cash at bank and in		hand			16	332,860	552,538
Total current assets						626,011	818,378
Creditors: Amounts		falling due within one year			17	(190,850)	(166,289)
Net current assets						435,161	652,089
Creditors: Amount	falling		due after more than	one year	18	(10,584)	(24,069)
Net assets excluding		defined benefit pension		liability		472,153	679,353
Defined benefit pension			liability		19	(67,000)	(140,000)
Total net assets						405,153	539,353
The funds ofthe charity:
Restricted funds					20	37,685	10,000
Unrestricted funds					21	367,468	529,353
Totalcharity funds						405,153	539,353

						Notes	2022	2021
							E	E
								Restated
Cash flows from operating	activities:
Net cash generated by/(used in)		operating		activities		24	(201,180)	103,833
Cash flows from investing	activities:
Interest from investments							901	1,626
Purchase oftangible fixed	assets						(19,399)	(37,454)
Cash provided by/used in	investing		activities				(18,498)	(35,828)
Increase/(decrease) in cash and		cash	equivalents		in the year		(219,678)	68,005
Cash and cash equivalents	at the	beginning		ofthe	year		552,538	484,533
Total cash and cash equivalents		atthe end		ofthe	year		332,860	552,538

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	2022	2022	2022	2021	2021	2021
	E	E	E	E	E	E
Donations	17,096		17,096	15,489		15,489
Total	17p096		17,096	15,489		15,489

6.	Income from	Income from	other trading activities
				2022	2021
				E	E
	Fundraising	events		37,051	3,470
	Government	Grants		13,590	24,553
				50,641	28,023
	All other income is unrestricted.
7.	Cost ofraising		funds
				2022	2021
				E
	Fundraising	costs		11,536	5,748
				11,536	5,748
	All expenditure		on cost of raising funds is unrestricted.

				Homeless young	Total	Total
				people support	2022	2021
Costs
Staff				1,736,369	1,916,262	1,516,791
Travel &subsistence				3,048	3,048	4,107
Training				31,920	31,920	7,075
Recruitment				7,925	7,925	6,339
Rent, rates & insurance				141,751	141,751	119,304
Housing rents &householder			fees	140,348	140,348	136,226
Property maintenance				173,117	173,117	78,983
Light &heat				41,107	41,107	53,105
Resettlements/residents		costs		26,695	26,695	31,346
Telephone, postage &stationery				32,062	32,062	32,131
Computer &software				27,664	27,664	28,156
Office &sundry				71,754	71,754	69,936
Professional fees				15,492	15,492	28,680
Depreciation				23,156	23,156	12,417
Bank charges				2,417	2,417	1,368
Social investment	interest			2,189	2,189	262
Bad debts				1,082	1,082
Governance costs				95,674	95,674	40,712
Support costs (see	note 9)			196,366	16,473	170,326
				2,770,136	2,770,136	2,337,264
					2022	2021
					E	E
Restricted expenditure					233,448	222,434
Unrestricted expenditure					2,536,688	2,114,830
					2,770,136	2,337,264

			Basis of	Support	Governance	Support	Governance
			appointment	2022	2022	2021	2021
				E	E	E	E
Staff costs			Time spent	179,893		157,144
Staff support			Support	16,473		13,182
Audit and accountancy		fees	Governance		89,572		39,557
Trustee meetings	and	AGM costs	Governance		6,102		1,155
				196,366	95,674	170,326	40,712
10. Net income/expenditure			for the year

10. Net inco	me/expenditure for the year
		2022	2021
		E	E
Net expenditure	for the year is stated after charging:
Auditors' remuneration:
Audit fee		5,000	4,100
Accountancy		3,280	2,020
Depreciation		23,156	12,416
11.Analysis	ofstaff costs, trustee expenses and key management
Personnel	remuneration	2022	2021
		E	E
Staff costs during the year were as follows:
Wages and salaries		1,708,589	1,497,815
Social security	costs	152,286	128,621
Employer pension costs		55,387	47,499
		1,916,262	1,673,935
Allocated as follows:
Charitable activities		1,736,369	1,516,791
Support costs		179,893	157,144
Governance costs
		1,916,262	1,673,935

			2022	2021
			E	E
YPT	local authority	contract	472,570	511,423
Job	Retention Scheme		13,590	24,553
			486,160	535,976

gible Fixed Assets
	Plant &	Motor	Computer
	Machinery	Vehicles	Equipment	Total
	E	E	E	E
Cost
At 1April 2021	80,762	20,274	53,837	154,873
Additions	8,547		10,852	19,399
At 31March 2022	89,309	20,274	64,689	174,272
Depreciation
At 1April 2021	80,612	8,870	14,058	103,540
Charge for the year	680	2,851	19,625	23,156
At 31March 2022	81,292	11,721	33,683	126,696
Net book value
At 1April 2021	150	11,404	39,779	51,333
At 31March 2022	8,017	8,553	31,006	47,576

tors
		2022	2021
		E	E
Trade debtors		212,893	137,710
Prepayments	and accrued income	80,258	128,130
		293,151	265,840

16.	Cash at bank and in	hand
			2022	2021
			E	E
	Cash at bank and on hand		332,860	552,538
			332,860	552,538
17.	Creditors: amounts	falling due within one year
			2022	2021
			E	E
	Trade creditors		41,684	16,924
	Other creditors and accruals		79,841	87,715
	Taxation and social security costs		41,028	34,784
	Pension		12,623	11,098
	Social Investment	Loan	15,674	15,768
			190,850	166,289

			2022	2021
			E	E
Social	investment	Loan	10,584	24,069
			10,584	24,069

or assump	tions used by the	actuary were:
			2022	2021
			Yop.a.	SSp.a.
Discount	rate		2.79	2.21
Inflation	(RPI)		3.49	3.24
Inflation	(CPI)		3.15	2.87
Salary growth			4.15	3.87
Allowance	for commutation	of pension for cash at	759oof	75SSof
retirement			maximum	maximum
			allowance	allowance

values ofthe scheme assets and expected ra resulting deficit are:	tes ofreturn, the present valu	e ofthe scheme liab
	31March 2022	31March 2021
	6'000	E'000
Global equity	103	76
Absolute return	21	26
Distressed opportunities	19	14
Credit relative value	18	15
Alternative risk premia	18	18
Fund ofhedge funds
Emerging markets debt	16	19
Risk sharing	18	17
Insurance-linked securities	12
Property	14	10
Infrastructure	38
Private debt	14
Opportunistic ilfiquid credit	18	12
High yield		14
Opportunistic credit		13
Corporate bond fund	36	28
Liquid credit
Long lease property	14
Secured income	20	20
Liability driven investment	149	121
Currency hedging	(2)
Net current assets	1
Total market value ofassets	536	475
Present value ofscheme liabilities	(603)	(615)
Defined benefit liability to be recognised	(67)	(140)

							2022	2021
							E	E
Defined	benefit obligation		at start of period				615,000	428,000
Expenses							3,000	3,000
Interest	expense						14,000	10,000
Actuarial	losses due to	scheme experience					39,000	38,000
Actuarial	(gains)/losses	due to changes		in demographic		assumptions	(9,000)	2,000
Actuarial	gains/(losses)	due to changes		in financial	assumptions		(50,000)	143,000
Benefits	paid and expenses						(9,000)	(9,000)
Defined benefit obligation			at end ofperiod				603,000	615,000

					th			OOto											0e						CI ID Cl ID			0
				ttm				rm									tm		Itl	th
				4l 0 tlt th												ID tD00	O000		hl tlt th							0 0 lfl rI/I	IO	Ie0 Ih m
																			I
				4I				O 0 I	OO m Ol	0 0 0	0 0 0	0 O o	0 th r	0 0 0	0 0 0				hl 0				O' CO t/l	O O OO		ID thhl		tt Irl hr
				Ca X		W		/I th	th	o m	m	hrht	IO	O	rrl				hla X Ie		w		th 0 /I	th				hlthrt
		tV
		IV0
		44
th		II I
0 a	lh U C IO ii	ttl C IU		IO E0 II0		W		Ih IO O 0 O rtl O 0 0 crthooor 0 Ih 0 rh d 4ll hr trl tl					O th d le	O 0 0 0 oo 0 m			III Ih 44		hl E0 Il0		W		IO I/I th 0tt	000 0 0 th oo 0 Ol O I				~I mttttmtt
~ IOI/ Cl	z 0	I hl 4I
		Ol
	IP 0Z	0		C ~[ a	0 th th											08	00 m		'C 00 att lh		w					O 0 rm	IO
			0C
			4
			I
			Ih
			hlI
			C Ih				00.0.						C0 C									0a0.
													tll
			0 Ih Ul IOC cC0 tV				4I0.0 hla Ihc e E0 9'2z Ih e 0 th C eoo E0 Leo Z IO Io			E I/I 2 C 0Z	hlt/ 2 hl I/I ' ID e I-	I/I) IJ C0 0 0	t Ot E th Ol 0 a hl E th t/I 05 h5 0 e		C0 th	ltl I/I	4IC hl0 I	I IO0 0 I0.				hla0 hl 41, 44 C eC tlt 0 e t Ol 0 0 44 tll Z'ON			UJ I/I th	Ol E0 th C0 0 0	C t 0	th'0 C '0t I th 0I-

~Ct			General funds	Restricted	funds	Total
						E
Tangible fixed assets			47,576			47,576
Net current	assets		397,476		37,685	435,161
Non-current	liabilities		(10,584)			(10,584)
Defined benefit pension		liability	(67,000)			(67,000)
Total funds			367,468		37,685	405,153
			General funds	Restricted	funds	Total
			E	E		E
Tangible fixed assets			51,333			51,333
Net current	assets		642,089		10,000	652,089
Non-current	liabilities		(24,069)			(24,069)
Defined benefit pension		liability	(140,000)			(140,000)
Total funds			529,353		10,000	539,353

	2022	2021
	E	E
Within one year	63,000	63,000
Between two and five years	189,000	252,000
	252,000	315,000

						2022	2021
						E	E
Net income/(expenditure)			for	the year		(191,027)	52,738
Depreciation						23,156	12,417
Defined	benefit pension		adjustment			(16,173)	(15,790)
Interest	from investments					(901)	(1,626)
Increase	in debtors					(27,311)	12,708
Increase	in creditors					11,076	43,386
Net cash	(generated	by)/from		operating	activities	(201,180)	103,833

			1April 2021	Cash flows	31March 2022
			E		E
Cash at bank and in hand			552,538	(219,678)	332,860
Borrowings	excluding	overdrafts	(39,837)	13,579	(26,258)
			512,701	(206,099)	306,602