2023-03-31-accounts

Ghairman	Peter Holland
Vice Ghairman:	CarolShutkever
Treasurer:	TimWillies
Trusteesanddirectors	Matthew Baxter
	RossWatkins
	Jake White
	Paul Groves
	DavidBall
	Ruth Barnes
	DianaKirsch	appointed 28 September 2022
Company Secretary:	Jonny Whitehead
RegisteredOffice:	1st Floor, Gracemead	House, WoodsAvenue, Hatfield, Herts, AL10 8HX

ChiefExecutive	Jonny Whitehead
Directorof Services	Sally Scott
Headof FundraisingandCommunications	CarolineNeill
OperationsManager	MitchellStocker
Finance Manager	Steffi Huntingford	resigned11 Augus
	Paul Boty	appointed1March2023

Gontents
	Page
Report of the Trustees	1
Trustees'ResponsibilitiesStatement	11
lndependentAudito/sReport	12
Statement ofFinancialActivities	16
Balance Sheet	17
Statement ofCash Flows	18
Notes totheFinancial Statements	19

Kevriskareas	M¡t¡gat¡ons¡nplace	M¡t¡gat¡ons¡nplace
Failure to attract and recruit right	.	Agreed recruitmentprocesses, including Recruitment
staff with the rightskills,		Pack and focus on non-pay benefits.
experience and attributes leads to	.	Annual salary reviewprocessinplace to ensure
negative impact on our abilityto		competitive salaries with salaryincrease andnewfloor
operate effectively.		salary implementedinAPril23.
	.	Plantoimprove recruitment, retentionand moralein
		place and overseen by EMT
Cyber Fraud resulting in loss of	.	lT and SecurityAccessPolicy inplace.
service, financial loss or	.	Cyber Essentials certificate compliancemaintained and
reputational damage.		Liability lnsurance Policy inplace.
	.	Regular communicationswithstaffabout cyber security
		risks and mitigations.
	.	Web and Vulnerabilitv Assessmentsundertaken.
lnadequate focus on the	a	Diversity and lnclusion Policy inplace.
importance of equality, diversity	a	Strategic goal to"bemore inclusive"embedded in new
and inclusion leading to lackof		strategy.
diversity amongst staff team,	a	Training programme started, beginningwith managers.
reduced ability to connect		Be More lnclusiveproject planfor23124agreed by EMT
effectively with diverse		and Governance Committee.
communities inHerts.
Level of free (unrestricted)	a	Reserves Policy includes a reasonabletarget reserve
reservesistoo high which deters		level (currently 3-6 months).
potential donors.		2023124budget and businessplanagreed,including
		designated fundtospend on strategicactivities and plan
		to reach year endwithreserves withintargetrange.
	a	Regular reporting onfreereserveslevel to EMT, Finance
		Committee and Board.
InadequateInformation	.	NewlTmanaged servicesprovideron-boardedin
Technology systems or		Feb/March23with strong SLAs inplace and effective
inadequate skilledlTstaff		handoverfromprevioussupplier.
resource, failingtomeet day to	¡	External lTprovidermonitorssyslem2417.
day operational needs.	.	Security and authorisationprocedures inplace.
	.	Employee inductionincludeslT/ Securityaccessand
		GDPR traininq.

StatementofFinancialActivitie	s fortheyea	rended31Marc	h2023
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds	2023	Funds	Funds	2022
	Notes	Ê	Ê	t	Ê	I	Ê
lncome and endowments from
Donations and legacies	2a	448,135		448,135	338,400		338,400
Charitable activities	2b		1,178,512	1,178,512		1,234,623	1,234,623
Other trading activities	2c	83,503		83,503	74,870		74,870
lnvestments	2d	6,216		6,216	3,325		3,325
Other	2e	7 132		7,132	26.420		26,420
Total		544,986	1,179,512	1,723,499	443,015	1,234,623	I,677,639
Expenditureon:
Raising funds	3	303,878		303,878	261,627		261,627
Charitable activities	3	211.641	1 118 811	1,330,452	88,378	1j72,979	1.261.357
Total		515,519	1,118,811	1,634,330	350,005	1,172,979	1,522,984
Netincome		29,467	59,701	89,168	93,010	61,644	154,654
Transfers between funds
Netmovement infunds		29,467	59,701	89,168	93,010	61,644	154,654
Reconciliationof funds:
Totalfundsbrought forward	11	620,269	82,272	702,541	527,259	20,628	547,887
Totalfundscarriedforward	11	649,736	141,973	,791,709	620,269	82,272	702,541

Balance Sheet at3lMarc Registered GharityNo.10 Company No.3525558	h2023 69498
		31March2023		31March 2022
	Notes	Ê	E	€	e
Fixedassets:
lntangible assets	b	5,755		6,522
Tangible assets	7	14,929		27,525
		20,684		34,047
Current assets:
Debtors	8	279,032		68,678
Shortterm investments	I	416,036		585,042
Cash andcash equivalents	I	312 674		308 605
Total current assets		1,007,742		962,325
Liabilities:
Creditors:Amountsfalling duewithin oneYear	10	236,717		293,831
Netcurrentassets			771,025		668,494
Netassets			791,709		702,541
ThefundsoftheCharity:
Unrestrictedfunds- general	11	649,736		620,269
Restrictedfunds	11	141,973		82,272
Total Gharityfunds			791,709		702,541

StatementofCash Flowsfortheyear ende	d3lMarch	2023
	2023 Ê€		2022 I	€
Cashflows from operating activities:
Net income for theyearasperthe
Statement of Financial Activities	89,168		154,654
Adjustmentsfor:
Amortisation	767		767
Depreciation	13,740		15,845
lnterestfrominvestments	(6,216',)		(3,325)
Decrease/(lncrease)inshortterminvestments	169,006		(83,001)
(lncrease)/decrease in debtors	(210,354)		38,844
(Decrease/increaseincreditors	(s7,114|	(214.417|
Netcashusedin operating activities		(1,003)		(90,633)
Gashflows(usedin)/generatedfrominvesting	activities:
Purchaseoftangible fixed assets	(1,144)		(13,649)
lnterestfrominvestments	6,216		3.325
Netcash generated/(usedin) investing activities		5,072		(10,324)
Changeincash and cash equivalentsinthe year		4,069		(100,e57)
Cash and cash equivalentsatthe beginningofthe	year	308,605		409,562
Cash and cashequivalentsattheendoftheyear		312,674		308,605

2a.Donationsincome
	Unrestricted	Restricted	Totalfunds	Totalfunds
	funds	funds	2023	2022
	Ê	€	E	e
Community Donations Corporate Donations lndividual Giving	113,341 152,469 79,140		113,341 152,469 79,140	57,893 116,654 77,491
Grants and Trusts	103,185		103,185	86,362
	448,135		448,135	338 400

2b. Charitableactivities income
	Unrestricted	Restricted	Totalfunds	Totalfunds
	funds f	funds €	2023 €	2022 Ê
Client Grants				1,524
Homeless Hub		422,559	422,559	390,088
Floating Support lntensive Outreach		264,902 108,531	264,902 108,531	266,693 73,326
Health		21,839	21,839	101,548
Rough Sleeping U16s Mediation		127,729127,729		76,873 64,725
Tenancy Sustainment Education		93,124	93j24	r0,000 83,715
Live Life		12,929	12,929	42,235
Future Roots		126,899	126,899	123,896
		1,178,512	1,178,512	1,234,623

2c. Othertrading activities income
	Unrestricted	Restricted		Totalfunds	Totalfunds
	funds		funds	2023	2022
	E		Ê	E	Ê
Fundraising Events	83,503 83,503		-	83,503	74,870 74.870
				-s-3-Fõ-
2d.lnvestmentincome
	Unrestricted	Restricted		Totalfunds	Totalfunds
	funds	-	funds	2023	2022
	Ê		Ê	Ê	â
Bank interest received	6,216			6,216	3,325
2e.Otherincome
	Unrestricted	Restricted		Totalfunds	Totalfunds
	funds		funds	2023	2022
	€		â	Ê	€
Sponsorship	1,000			1,000	7,900
Other	3,182			3,182	16,781
Governmentgrants	2,950			2,950	739 1
	7 132			7,132	26.420

3. Expenditure
	Staff	Direct	Support	2023	2022
	costs €	costs Ê	costs Ê	Total €	Total t
Raising funds	204,844	59,551	39,483	303,878	261,627
GharitableActivities
HomelessHub	302,283	7,762	66,382	376,427	387,888
Floating Support	182,460	121,571	34,624	338,655	269,090
lntensive Outreach	61,149	1,579	13,664	76,392	73,326
Health	71,980	2,944	24,913	99,837	102,948
Rough Sleeping	10,912	52	1,585	12,549	77,026
U16s Mediation	87,990	2,635	17,039	107,664	65,425
Tenancy Sustainment					10,000
Education	95,313	1,300	16,963	113,576	91,490
Live Life	8,754	74	2,329	11,157	48,491
Head Office	32,988	21,788	28,274	83,050	78,589
Future Roots	39 109 892,938	61 166 220,871	10,870 216,643	111,145 1,330,452	57,084 1,261,357
Total expenditure	1,097 782	280,422	256.126	1,634,330	1,522,984

Analysis of central support costsandoverheads
	2023 Ê	-	2022 I
Governance	13,335			10,991
Head Officestaff	1,573			1,147
Information technology	56,773			46,959
Premises expenses	67,726			54,464
Legal andprofessional Stationery,postage,telephone,equipment	33,603 21,001			32,761 7,706
Sundry costs	52,959			23,452
Depreciation	9,156			15,537
	256j26		1	017

Net expenditure ispresentedafter charging:
	2023	2022
	Ê	â
Operating leases on land andbuildings	42,250	18,750
Auditors' remuneration-audit	12,595	8,514
5.Employeecosts
Analysis of staffcosts,Trustee remunerationand expenses	2023	2022
	Ê	Ê
Wagesand salaries	945,878	955,856
Social security costs	79,567	73,454
Pension costs	44,612	48,681
Group Life lnsurance Policy	3,758	5,911
Other costs	23,967	25 278
	1,097,782	1,109,180

Average numberofemployees byactivity
	2023		2022
Raising funds		6		5
Charitable activities		27		31
Management andadministration		b		þ
		39		42

6.lntangible Assets
		Software	Total
		Ê	I
Cost
At1April2022		7,673	7,673
At 31 March 2023		7,673	7,673
Amortisation
Al1April2022		1,151	1,151
Charge for theyear		767	767
At31 March 2023		1,918	1,918
Net Book Value
At31March2023		5,755	5,755
At31March2022		6,522	6,522
7.Tangible fixedassets	FixturesOffice
	andfittingsequipment Ê€		Total Ê
Cost
At1April2022	12,89462,711		75,605
Additions	1 144
At31 March 2023	14,03862,711		76,749
Depreciation
At1April2O22	1,075	47,005	48,080
Charge for theyear	4,584	9,156	.13,740
At31March 2023	5,659	56,1 61	61,820
NetBookValue
At3lMarch2023	8,379	6,550	14,929
At31March2022	II,819	15,706	27,525
LDebtors		2023	2022
		Ê	Ê
Tradedebtors		76,238	36,896
Other debtors		119	1,345
Prepayments		20,258	29,254
Accruedincome		182,417	1,183
		279,032	68,678

9.Shortterm investmentsand cash andcashequivalents
	2023	2022
	Ê	Ê
Short term investments:
Fixed notice accounts(noticenot exceeding3 months)	416,036	585,042
Cash and cash equivalents	312,674	308,605
10.Greditors-amountsfallingduewithinone year	2023	2022
	Ê	Ê
Trade creditors	8,371	17,837
Accruals	18,410	23,171
Deferred income	176,799	223,592
Sundry creditors	4,617	4,927
Social security andpension	28,520	24,304
	236,717	293,831

Balance	Released	Deferred	Balance
IApril	intheyear	intheyear	31March
2022			2023
Ê	s	Ê	s
223,592	(273,164|226,371	176,799

ll.Funds
	Balance	Movementinresources				Balance
Unrestricted funds	1April2022 â 478,810	IncomeExpenditureTransfers3f €Ê€Ê 544,986(500,717)(r00,000)				March2023 423,079
Designated funds:
Digital and data fund	35,000			(8,334)		26,666
Service continuity fund	75,000					75,000
EDI&environmental fund	1,459			(300)		1,159
Office refurbishment fund	30,000					30,000
Strategic fund				1	100	93 32
Restrictedfunds
HCC		790,289	(790,289)
Charity Partnerships		132,317	(132,317)
Local Authorities		56,300		(56,300)
Henry Smith		60,000		(60,000)
Crouchfield Trust	2,450	1,600		(e00)		3,150
Letchworth Heritage	2,359	210				2,569
Future Roots grants and donations	64,746	126,899		(73,663)		117,982
General restrictedgrants	12,717	10,897		(5,342)		18,272
	82.272	1 17I 512	t1.118.811)			141.973
Totalfunds	702, 1	1.723.498	(1.	330)		791 709

12.Analysis ofnetassets	betweenfunds
	Unrestricted	Restricted	Total
	Ê	€	Ê
FixedAssets	20,684		20,684
Currentassets
Debtors	279,032		279,032
Shortterminvestments	416,036		416,036
Cash and cash equivalents	170,701	141,973	312,674
Current liabilities
Falling due within one year	(236,717)		(236,717)
	re,736--	141,973	791,709

Leases on land and buildings which expire	within
	At3lMarch	At31March
	2023	2022
1year	47,616	42,250
2-5 years	47,458	64,625
more than5years
	95,074	106,875

18Analysisofchanges inn	tdebt
.	1Ap¡il2022	CashflowsOther non-		31March2023
	t	€Ê	cashchanges	Ê
Cash and cashequivalents
Cash	308,605	4,069		312,674
Overdrafts
Cash equivalents	585,042 893,647	(169,006) (164,937)		416,036 728,710
Borrowings
Debt
Total	893,647	(164,937)		728,710