2021-03-31-accounts

Charity Registra�on No. 1074401

Company Registra�on No. 3686284 (England and Wales)

CHESTER AID TO THE HOMELESS

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

CHESTER AID TO THE HOMELESS

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	Mr R G Rudd
	Mr N D Wallace
	Mr J F C Arnold
	Dr J Carroll
	Mr A Melia
	Miss S Worger
	Prof E Rees
	Dr J Gresham
	Mrs J Webb	(Appointed 13 November
		2020)
	Mrs J Davies	(Appointed 26 February
		2021)
Secretary	Mr R Bisset
Charity number	1074401
Company number	3686284
Registered ofce	The Bluecoat
	Upper Northgate Street
	Chester
	CH1 2EE
Independent examiner	Mitchell Charlesworth LLP
	24 Nicholas Street
	Chester
	CH1 2AU
Bankers	Lloyds Bank plc
	Na4onal Clubs
	Chari4es and Socie4es Centre
	Sedgemoor House
	Deansgate Avenue
	Taunton
	TA1 2UF
Solicitors	Cullimore Du5on Solicitors Limited
	20 White Friars
	Chester
	CH1 1XS
Investment advisors	Ludlow Wealth Management Group Ltd
	172 Lord Street
	Southport
	PR9 0QA

CHESTER AID TO THE HOMELESS

CONTENTS

	Page
Trustees' report	1 - 6
Statement of trustees' responsibili�es	7
Independent examiner's report	8
Statement of fnancial ac�vi�es	9
Balance sheet	10 - 11
Notes to the fnancial statements	12 - 22

CHESTER AID TO THE HOMELESS

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report and financial statements for the year ended 31 March 2021.

The financial statements have been prepared in accordance with the accoun�ng policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019)".

Objec�ves and ac�vi�es

Chester Aid to the Homeless (CATH) primarily exists to meet the needs of the homeless community in the Chester region. As a long ­ standing service provider of day services and supported accommoda�on, the charity works with other partner agencies to ensure the best available service op�ons for clients

The charity seeks to inspire clients to believe that moving forward to achieve independent living accommoda�on is realisable for all. CATH structures client support plans that encourage posi�ve outcomes, counter chao�c lifestyles, thereby increasing pathway opportuni�es to success.

Increased self – esteem for clients emanates through posi�ve staff engagement techniques which form the basis of development programmes. Work based volunteer opportuni�es underpin those development programmes giving clients clear insight into the benefits associated with se:led rou�ne living.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding the ac�vi�es that should be undertaken as part of the service model.

Achievements and performance

The past year proved to be more than challenging. COVID 19 changed working protocols and prac�ces beyond anything CATH could have previously imagined. That said all staff were physically present at their work ­ sta�ons. throughout the period. The team did a tremendous job of suppor�ng clients in the shared houses, visi�ng them everyday up to the present.

The Harold Tomlins Centre with its day service suffered the most. CATH was unable to operate the daily open access for the street homeless community. However, not to be deterred, the charity very quickly developed an outreach service that effec�vely took the day services out onto the streets. This way CATH manged to keep up to date with street happenings, enabling the charity to con�nue to foster cri�cal client/staff support rela�onships and invite those most in need back to the centre on an individual basis.

The December sleep out took place against all odds, albeit on a ‘sleep – in at home’ basis with electronic updates throughout the evening from staff and par�cipants. Remarkably the event raised more than £11,000.

Dona�ons for the year once again hit six figures £123,211 which was a fantas�c endorsement from CATH’s cherished support base of many years standing. People con�nue to come forward generously dona�ng money throughout these difficult �mes. The charity remains indebted to each and every one of them, whether they be community or corporate, CATH salutes them all.

• 1 -

CHESTER AID TO THE HOMELESS

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Plans for future periods

COVID 19 has had an impact and is set to change many things. Street homeless figures are s�ll worryingly high with li�le indica�on that they will reduce any�me soon.

The charity will re – imagine it services to align to a changing landscape delivered courtesy of COVID. The charity will launch a new website alongside a COVID winter outreach programme. The aim will be to build a digital pla%orm combining website, face book and twi�er to engage more readily with the local community and a�ract more support.

The outreach programme will take the day service onto the streets. The aim will be to contact the harder to reach clients to ensure they are supported to come in and access available services.

Street homelessness remains a blight on the city, therefore CATH will work harder and smarter, to halt the direc�on of travel of rising rough sleeper numbers. The charity will endeavour to engage with evermore partners, as well as seeking to raise the levels of community support, necessary to make a difference in people’s lives.

Financial review

Financial support for CATH’s work for the homeless con�nued to benefit from generous public and corporate dona�ons, totalling £123,211 plus an addi�onal £175,434 from an unexpected legacy (total for 2020­21 £298,645).

During the year our investment por%olio changed again as bonds matured, as presaged in last year’s report. We con�nue to hold a por%olio managed by an Aviva Pla%orm, although the oversight of it by an investment advisor was changed from Le�on Percival to Ludlow Wealth Management through a buyout of the former by the la�er, in December 2020.

At the start of the year we benefi�ed from the Cambridge Building Society holding becoming payable, amoun�ng to £106,647, which was deposited in our current account. The Hampshire Bank bond also became payable, amoun�ng to £106,530, of which £71,000 was reinvested with the bank into a one year fixed bond at 1.61%, maturing in June 2021 and the balance of £35,530 rever�ng to our current account. The Aviva pla%orm holding at the start of the year was £194,781 and at the year end was £225,437. The ASL fund was moved within that holding to another plan during December 2020.

The 2020­21 financial year resulted in a surplus over opera�ng costs of £215,062 (2019­20 £30,213), which was another welcome addi�on to our reserves, built up over many years, amoun�ng to £746, 692. The Board has plans for using a significant por�on of these reserves to purchase an HMO type property in Chester, when the property market condi�ons are more favourable.

• 2 -

CHESTER AID TO THE HOMELESS

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Reserves policy

There has been a small change to the unrestricted reserves policy this year. The Board decided that we should ideally hold a minimum of 75% of an average one year’s opera�ng costs in reserve amoun�ng to £262,500.

The remaining restricted reserve of £4,100 was spent as per legacy requirement to update our CCTV coverage of some proper�es (due to persistent non­resident incursions) and also to upgrading one property.

The aim is to maintain a suitable level of reserves consistent with the ongoing ac�vi�es of the Charity, such that nega�ve fluctua�ons in funding do not have an immediate adverse impact on clients or staff. In addi�on, reserves are provided to make good any deficits arising from duly authorised projects. The unrestricted reserves of £746,692 as at 31 March 2021 represents approximately two years of current expenditure of the charity.

Designated funds

Care and development fund

This is the principal reserve fund for suppor�ng the ongoing general ac�vi�es of CATH.

IT/IS Fund

A fund to ensure that CATH can obtain and run efficient and effec�ve administra�on processes as required by the regulatory authori�es and to the ul�mate benefit of the client group.

Contents Replacement Reserve

The nature of the CATH services and client groups results in a short life and heavy u�lisa�on of furniture and effects in the hostels, houses and the Harold Tomlins Centre, This reserve facilitates replacement of this equipment to maintain an adequate, if basic, standard of accommoda�on.

Redundancy Reserve

With no guarantee of ongoing funding for some of the ac�vi�es of CATH this reserve is necessary to protect the interests of staff in the event of redundancies.

Development Fund

The fund permits the expansion of CATH ac�vi�es where consistent with the aims of the charity.

Dilapida)ons Reserve

CATH does not own any of the proper�es it uses. This fund is necessary to provide any dilapida�on payments that may arise for which CATH is responsible under the terms of the lease should buildings be returned to the landlords.

There was no spend from this fund during 2020­21.

Legacies Fund

There is currently one poten�al legacy, which is long­standing and showing no signs of producing further income. The legacy fund is therefore reduced to a more realis�c value and the balance added to the new property purchase fund.

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CHESTER AID TO THE HOMELESS

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Buildings Reserve

As all of the buildings occupied by CATH are rela�vely old this fund is necessary to provide for any costs that may arise in connec�on with any significant repairs maintenance or upgrading of the buildings or their facili�es for which CATH is responsible under the terms of the lease.

During 2020­21 all repairs were funded from general reserves.

Con!ngency Reserve

A reserve fund for unexpected events or other adverse financial situa�ons.

New property purchase fund

This fund is being created to enable the Charity to purchase a house designated as a “house in mul�ple occupa�on”. Un�l now all our proper�es have been rented from landlords, which has been a very beneficial model over the years, but the Board believes it would be prudent to have at least one property owned outright when market condi�ons for purchase are more favourable in the future.

Investment policy

Cash reserves are held in two investment funds with Aberdeen Standard Life and Aviva, with another account held with Hampshire Trust Bank that matures in June 2021, plus a current account with Lloyds Bank. The three investment funds can be made available within a short lead �me should the need arise.

Risk policy

The trustees have assessed the major risks to which the charity is exposed and are sa�sfied that systems are in place to mi�gate exposure to the major risks.

The year ahead will be challenging with the con�nued risk of COVID 19 likely to be with us for some �me yet. The charity is well placed with sufficient reserves but is working hard to develop strategies that will offset any possible COVID impact.

Lack of sufficient credible emergency accommoda�on is s�ll an issue in the city. CATH increased its bed spaces by ten in 2019/20 and will consider a similar increase in the coming year.

Day services will con�nue to be vital during the coming year, COVID permi5ng. Covid has impacted over the last year but in many ways, it was offset through the introduc�on of an outreach programme.

COVID 19 has changed the world in which we operate and no less so than the homeless sector. CATH has three big challenges: the reopening of the Harold Tomlins Centre, the recrea�on of a vibrant volunteer force and the development of a digital pla7orm that will underpin the much ­ needed fundraising drive going forward.

The day centre will re – open for drop – in access as soon as is prac�cally possible considering infec�on rates. Staff and client safety remains paramount, but the drive is on to get the charity back into full func�oning mode. The �metables are in place, the client par�cipa�on programmes will be triggered, and then hopefully the centre will be back to playing a hugely pivotal role in the life of CATH.

• 4 -

CHESTER AID TO THE HOMELESS

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

An immediate consequence of the first lockdown was that we ceased all volunteer ac�vity as a means of safeguarding them and their futures with CATH. The situa�on going forward is that some are keen to get back and for some that will now not be possible. In an�cipa�on of that the charity has seconded some staff �me to overhaul the volunteer recruitment processes and develop increased volunteer opportuni�es across the breadth of the charity.

The charity is developing a revised strategic plan to focus the mind and create the necessary purpose to survive in a post Covid world. A big part of that will be to re – imagine a vibrant digital pla#orm reaching out to clients, supporters, and funders. The charity is currently engaged digitally through its website, face book page and twi%er account but CATH feels it needs to upscale this through the deployment of addi�onal resources and exper�se.

Although we had planned to increase the number of proper�es under management by one, there was no change to the number of proper�es due to the Covid­19 pandemic preven�ng acquisi�on and refurbishment. The Board decided to withhold this property increase to a future date.

Structure, governance and management

The charity is a company limited by guarantee, incorporated on the 21 December 1998 and is therefore governed by a Memorandum and Ar�cles of Associa�on.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Dr R M G Bolton (Resigned 9 October 2020) Mr R G Rudd Mr N D Wallace Mr J F C Arnold Mr P J Sharman (Resigned 1 May 2020) Dr J Carroll Mr A Melia Miss S Worger Prof E Rees Dr J Gresham Mrs J Webb (Appointed 13 November 2020) Mrs J Davies (Appointed 26 February 2021)

Most trustees have worked for CATH as volunteers, usually in the Harold Tomlins Centre. Prior to appointment as a trustee, CATH endeavours to ensure that the board has a wide range of skills and experience such as Finance, Human Resources, Fundraising etc.

The trustees are collec�vely responsible for the governance of the organisa�on. The CEO reports directly to the Chair at monthly supervision sessions and to the full Board at quarterly mee�ngs. Addi�onally, the Board hold strategic planning away days which all trustees a%end. A strong commitment prevails in respect of the Trustee development programme which manifests itself through training in areas such as trustee responsibili�es, internal audit, informa�on security and any other topical areas of governance.

The CEO works with one opera�onal manager to deliver services and accommoda�on with support. Con�nuous improvement of service delivery remains key to CATH’s success. The opera�onal teams work to outcome measures to ensure the economy, efficiency and effec�veness of service. Performance indicators, client feedback mechanisms and peer­to­peer review ensure true client engagement becomes a priority.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

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CHESTER AID TO THE HOMELESS

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

The remunera�on of key management personnel is determined annually by the Trustees. Tradi�onally the level of remunera�on has been determined by reference to the annually revised pay scales of the union Unison for workers in similar posi�ons to CATH's employees. For the last few years the Trustees has considered key economic indicators such as performance of RPI and average level of pay increases in the previous 12 months.

The trustees' report was approved by the Board of Trustees.

Mr R Bisset

Company Secretary Dated: 3 September 2021

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CHESTER AID TO THE HOMELESS

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2021

The trustees, who are also the directors of Chester Aid To The Homeless for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accoun ng Standards (United Kingdom Generally Accepted Accoun ng Prac ce).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and applica on of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

­ select suitable accoun ng policies and then apply them consistently;

­ observe the methods and principles in the Chari es SORP;

­ make judgements and es mates that are reasonable and prudent;

­ state whether applicable UK Accoun ng Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

­ prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will con nue in opera on.

The trustees are responsible for keeping adequate accoun ng records that disclose with reasonable accuracy at any me the financial posi on of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preven on and detec on of fraud and other irregulari es.

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CHESTER AID TO THE HOMELESS

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CHESTER AID TO THE HOMELESS

I report on the financial statements of the charity for the year ended 31 March 2021, which are set out on pages 9 to 22.

The charity’s trustees, who are also the directors of Chester Aid To The Homeless for the purposes of company law, are responsible for the prepara%on of the financial statements. The trustees consider that an audit is not required for this year under sec%on 144(2) of the Chari%es Act 2011 (the 2011 Act) and that an independent examina%on is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examina%on being a qua lified member of Associa%on of Chartered Cer%fied Accountants (ACCA).

Having sa%sfied myself that the charity is not subject to audit under company law and is eligible for independent examina%on, it is my responsibility to:

• (i) examine the financial statements under sec%on 145 of the 2011 Act;

• (ii) to follow the procedures laid down in the general Direc%ons given by the Charity Commission under sec%on 145 (5)(b) of the 2011 Act; and

• (iii) to state whether par%cular ma3ers have come to my a3en%on.

Basis of independent examiner's report

My examina%on was carried out in accordance with the general Direc%ons given by the Charity Commission. An examina%on includes a review of the accoun%ng records kept by the charity and a comparison of the financial statements presented with those records. It also includes considera%on of any unusual items or disclosures in the financial statements, and seeking explana%ons from you as trustees concerning any such ma3ers. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those ma3ers set out in the next statement.

Independent examiner's statement

In connec%on with my examina%on, no ma3er has come to my a3en%on:

• (a) which gives me reasonable cause to believe that in any material respect the requirements:

• (i) to keep accoun%ng records in accordance with sec%on 386 of the Companies Act 2006; and

• (ii) to prepare financial statements which accord with the accoun%ng records, comply with the accoun%ng requirements of sec%on 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Prac%ce: Accoun%ng and Repor%ng by Chari%es;

• have not been met or

• (b) to which, in my opinion, a3en%on should be drawn in order to enable a proper understanding of the financial statements to be reached.

Mitchell Charlesworth LLP

Robert Hall FCA 24 Nicholas Street Chester CH1 2AU

Dated: 27 September 2021

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CHESTER AID TO THE HOMELESS

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Restricted	Total
				funds	funds		funds		funds
				2021	2021	2021	2020		2020	2020
			Notes	£	£	£	£		£	£
Income from:
Dona�ons and legacies			3	298,645	­	298,645	159,107		­	159,107
Charitable ac�	vi�	es	4	234,120	­	234,120	220,420		­	220,420
Investments			5	3,102	­	3,102	1,429		­	1,429
Total income				535,867	­	535,867	380,956		­	380,956
Expenditure on:
Charitable ac�	vi�	es	6	347,361	4,100	351,461	337,392		­	337,392
Other				­	­	­	987		­	987
Total resources expended				347,361	4,100	351,461	338,379		­	338,379
Net gains/(losses) on
investments			11	30,656	­	30,656	(12,364)		­	(12,364)
Net movement in funds				219,162	(4,100)	215,062	30,213		­	30,213
Fund balances	at	1 April
2020				527,530	4,100	531,630	497,317		4,100	501,417
Fund balances at 31
March 2021				746,692	­	746,692	527,530		4,100	531,630

The statement of financial ac�vi�es includes all gains and losses recognised in the year.

All income and expenditure derive from con�nuing ac�vi�es.

The statement of financial ac�vi�es also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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CHESTER AID TO THE HOMELESS

BALANCE SHEET

AS AT 31 MARCH 2021

			2021		2020
		Notes	£	£	£	£
Fixed assets
Tangible assets		12		12,723		9,868
Investments		13		225,437		194,781
				238,160		204,649
Current assets
Debtors		15	82,332		71,000
Cash at bank and in hand			448,220		268,997
			530,552		339,997
Creditors: amounts falling due within one
year		16	(22,020)		(13,016)
Net current assets				508,532		326,981
Total assets less current liabili-es				746,692		531,630
Income funds
Restricted funds		17		­		4,100
Unrestricted funds
Designated funds		18	481,400		301,400
General unrestricted funds			265,292		226,130
				746,692		527,530
				746,692		531,630

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CHESTER AID TO THE HOMELESS

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2021

The company is en�tled to the exemp�on from the audit requirement contained in sec�on 477 of the Companies Act 2006, for the year ended 31 March 2021.

The directors acknowledge their responsibili�es for ensuring that the charity keeps accoun�ng records which comply with sec�on 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and applica�on of resources, including its income and expenditure, for the financial year in accordance with the requirements of sec�ons 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 rela�ng to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in ques�on in accordance with sec�on 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 3 September 2021

Mr N D Wallace

Trustee

Company Registra on No. 3686284

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CHESTER AID TO THE HOMELESS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Accoun�ng policies

Charity informa�on

Chester Aid To The Homeless is a private company limited by guarantee incorporated in England and Wales. The registered office is The Bluecoat, Upper Northgate Street, Chester, CH1 2EE.

1.1 Accoun�ng conven�on

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounng and Reporng by Charies: Statement of Recommended Pracce applicable to charies preparing their accounts in accordance with the Financial Reporng Standard applicable in the UK and Republic of Ireland (FRS 102) (effecve 1 January 2019)". The charity is a Public Benefit Enty as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charies applying FRS 102 Update Bullen 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the func*onal currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared on the historical cost convenon, modified to include certain financial instruments at fair value. The principal accounng policies adopted are set out below.

1.2 Going concern

At the me of approving the financial statements, the trustees have a reasonable expectaon that the charity has adequate resources to connue in operaonal existence for the foreseeable future. Thus the trustees connue to adopt the going concern basis of accounng in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discreon of the trustees in furtherance of their charitable objecves.

Restricted funds are subject to specific condi*ons by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific condi*ons by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entled to it a>er any performance condions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donaons are recognised on receipt. Other donaons are recognised once the charity has been nofied of the donaon, unless performance condions require deferral of the amount. Income tax recoverable in relaon to donaons received under Gi> Aid or deeds of covenant is recognised at the me of the dona*on.

Legacies are recognised on receipt or otherwise if the charity has been nofied of an impending distribuon, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a con*ngent asset.

• 12 -

CHESTER AID TO THE HOMELESS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accoun�ng policies

(Con�nued)

1.5 Expenditure

Expenditure is recognised when a liability is incurred.

Charitable ac�vi�es include expenditure associated with the opera�on and managed residen�al accommoda�on and welfare support services.

Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with cons�tu�onal and statutory requirements.

Support costs include central func�ons and have been allocated to ac�vity cost categories on a basis consistent with the use of resources.

1.6 Tangible fixed assets

Tangible fixed assets are ini�ally measured at cost and subsequently measured at cost or valua�on, net of deprecia�on and any impairment losses.

Deprecia�on is recognised so as to write off the cost or valua�on of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings	None
Fixtures and f(ngs	33% Straight line
Computers	33% Straight line
Motor vehicles	25% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

Capital expenditure that does not in reality produce a saleable asset or an increase in value of an exis�ng asset will be wri1en off totally in the year the expenditure is incurred.

1.7 Fixed asset investments

Fixed asset investments are ini�ally measured at transac�on price excluding transac�on costs, and are subsequently measured at fair value at each repor�ng date. Changes in fair value are recognised in net income/(expenditure) for the year. Transac�on costs are expensed as incurred.

1.8 Impairment of fixed assets

At each repor�ng end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indica�on that those assets have suffered an impairment loss. If any such indica�on exists, the recoverable amount of the asset is es�mated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short ­term liquid investments with original maturi�es of three months or less, and bank overdra6s. Bank overdra6s are shown within borrowings in current liabili�es.

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CHESTER AID TO THE HOMELESS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accoun�ng policies

(Con�nued)

1.10 Financial instruments

The charity has elected to apply the provisions of Sec�on 11 ‘Basic Financial Instruments’ and Sec�on 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabili�es are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an inten�on to se)le on a net basis or to realise the asset and se)le the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are ini�ally measured at transac�on price including transac�on costs and are subsequently carried at amor�sed cost using the effec�ve interest method unless the arrangement cons�tutes a financing transac�on, where the transac�on is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amor�sed.

Basic financial liabili�es

Basic financial liabili�es, including creditors and bank loans are ini�ally recognised at transac�on price unless the arrangement cons�tutes a financing transac�on, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabili�es classified as payable within one year are not amor�sed.

Debt instruments are subsequently carried at amor�sed cost, using the effec�ve interest rate method.

Trade creditors are obliga�ons to pay for goods or services that have been acquired in the ordinary course of opera�ons from suppliers. Amounts payable are classified as current liabili�es if payment is due within one year or less. If not, they are presented as non­current liabili�es. Trade creditors are recognised ini�ally at transac�on price and subsequently measured at amor�sed cost using the effec�ve interest method.

Derecogni�on of financial liabili�es

Financial liabili�es are derecognised when the charity’s contractual obliga�ons expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday en�tlement is recognised in the period in which the employee’s services are received.

Termina�on benefits are recognised immediately as an expense when the charity is demonstrably commi)ed to terminate the employment of an employee or to provide termina�on benefits.

1.12

Payments to defined contribu�on re�rement benefit schemes are charged as an expense as they fall due.

1.13 Defined contribu�on pension scheme

Payments to defined contribu�on re�rement benefit schemes are charged as an expense as they fall due.

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CHESTER AID TO THE HOMELESS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

2 Cri�cal accoun�ng es�mates and judgements

In the applica�on of the charity’s accoun�ng policies, the trustees are required to make judgements, es�mates and assump�ons about the carrying amount of assets and liabili�es that are not readily apparent from other sources. The es�mates and associated assump�ons are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these es�mates.

The es�mates and underlying assump�ons are reviewed on an ongoing basis. Revisions to accoun�ng es�mates are recognised in the period in which the es�mate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Dona�ons and legacies

	Unrestricted	Unrestricted	Unrestricted	Unrestricted
		funds		funds
		2021		2020
		£		£
Dona�ons and gi)s		288,158		159,107
Grants		10,487		­
		298,645		159,107
Dona�ons and gi)s
Dona�ons		100,724		159,107
Corporate dona�on		12,000		­
Legacies		175,434		­
		288,158		159,107

• 4 Charitable ac�vi�es

	Homeless	Homeless
	support	support
	2021	2020
	£	£
Sales within charitable ac�vi�es	234,120	220,420

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CHESTER AID TO THE HOMELESS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

5	Investments
		Unrestricted		Unrestricted
			funds		funds
			2021		2020
			£		£
	Interest receivable		3,102		1,429
6	Charitable ac)vi)es

	Homeless	Homeless	Homeless	Homeless
		support		support
		2021		2020
		£		£
Staf costs		164,676		154,302
Food and household goods		8,019		11,103
Rent		80,924		79,723
Rates and water		10,396		6,838
Light and heat		22,184		20,154
Repairs and maintenance		21,961		19,184
TV and recrea+on		4,211		3,735
Client educa+on and training		786		1,601
Travel and motor expenses		4,369		5,845
Staf training		­		340
Other staf costs		350		­
		317,876		302,825
Share of support costs (see note 8)		27,082		27,808
Share of governance costs (see note 8)		6,503		6,759
		351,461		337,392
Analysis by fund
Unrestricted funds		347,361		337,392
Restricted funds		4,100		­
		351,461		337,392

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CHESTER AID TO THE HOMELESS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

7	Net movement in funds									2021			2020
										£			£
	Net movement in funds is stated a�er charging/(credi�ng)
	Deprecia�on of owned tangible fxed assets								6,102				3,357
	Loss on disposal of tangible fxed assets									­			987
8	Support costs
	Support costs	Governance			2021	Support costs		Governance					2020
			costs							costs
	£		£		£		£				£		£
	Deprecia�on 6,102		­		6,102		3,357				­		3,357
	IT equipment 3,604		­		3,604		5,805				­		5,805
	Health and Safety 2,215		­		2,215		3,102				­		3,102
	Insurance 7,054		­		7,054		5,965				­		5,965
	Hospitality 78		­		78		200				­		200
	Ofce costs 7,885		­		7,885		9,379				­		9,379
	Support costs heading 7 144		­		144		­				­		­
	Accountancy ­		2,880		2,880		­			2,754			2,754
	Legal and professional ­		3,573		3,573		­			3,956			3,956
	Bank charges ­		50		50		­			49			49
	27,082		6,503		33,585		27,808			6,759			34,567
	Analysed between
	Charitable ac�vi�es 27,082		6,503		33,585		27,808			6,759			34,567

Governance costs includes payments to the auditors of £nil (2020­ £nil) for audit fees.

9 Trustees

None of the trustees (or any persons connected with them) received any remunera�on or benefits from the charity during the year.

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CHESTER AID TO THE HOMELESS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

10 Employees

Number of employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
	2021		2020
	Number		Number
Management	2		2
Charitable staf	4		4
	6		6
Employment costs	2021		2020
	£		£
Wages and salaries	148,503		141,339
Social security costs	9,228		9,491
Other pension costs	6,945		3,472
	164,676		154,302

There were no employees whose annual remunera*on was £60,000 or more.

11 Net gains/(losses) on investments

	Unrestricted	Unrestricted
	funds	funds
	2021	2020
	£	£
Revalua*on of investments	30,656	(12,364)

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CHESTER AID TO THE HOMELESS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

12	Tangible fxed assets
		Leasehold land		Fixtures and	Computers		Motor vehicles			Total
		and buildings		f%ngs
			£	£		£		£		£
	Cost
	At 1 April 2020		139,000	­		630		12,594		152,224
	Addi�ons		­	2,628		6,329		­		8,957
	At 31 March 2021		139,000	2,628		6,959		12,594		161,181
	Deprecia+on and impairment
	At 1 April 2020		138,999	­		208		3,149		142,356
	Deprecia�on charged in the year		­	657		2,296		3,149		6,102
	At 31 March 2021		138,999	657		2,504		6,298		148,458
	Carrying amount
	At 31 March 2021		1	1,971		4,455		6,296		12,723
	At 31 March 2020		1	­		422		9,445		9,868

The leasehold property recognised at £1 in the accounts relates to Crispin House, 56 Nicholas Street, Chester was bought and refurbished with the help of a grant of £139,000 from the Rese-lement Agency. Certain covenants and restric�ons were imposed and in par�cular, the grant will be repayable should the usage of the building be other than for the exis�ng rese-lement ac�vi�es. In addi�on, the Rese-lement Agency has a first charge over the property.

13 Fixed asset investments

		Listed
	investments
		£
Cost or valua+on
At 1 April 2020		194,781
Valua�on changes		30,656
At 31 March 2021		225,437
Carrying amount
At 31 March 2021		225,437
At 31 March 2020		194,781

Fixed asset investments revalued

The historical cost of the investments was £199,000 (2019 ­ £199,000) and all investments are valued at the traded market value at the year end.

• 19 -

CHESTER AID TO THE HOMELESS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

13	Fixed asset investments		(Con nued)	(Con nued)
14	Financial instruments	2021		2020
		£		£
	Carrying amount of fnancial assets
	Instruments measured at fair value through proft or loss	225,437		194,781
15	Debtors
		2021		2020
	Amounts falling due within one year:	£		£
	Trade debtors	458		­
	Other debtors	72,143		71,000
	Prepayments and accrued income	9,731		­
		82,332		71,000

16 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
	2021	2020
	£	£
Other taxa'on and social security	16,575	3,228
Trade creditors	1,433	6,489
Other creditors	962	539
Accruals and deferred income	3,050	2,760
	22,020	13,016

17 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of dona'ons and grants held on trust for specific purposes:

			Movement in
			funds
		Balance at	Incoming	Balance at	Resources	Balance at
	1	April 2019	resources	1 April 2020	expended	31 March 2021
		£	£	£	£	£
Dona'ons		4,100	­	4,100	(4,100)	­

The restricted dona'on of £15,600 was reduced to £4,100 by the end of the previous year and to zero by the end of the current year, following expenditure on several proper'es upgraded with CCTV and further upda'ng of our property in Bouverie Street.

• 20 -

CHESTER AID TO THE HOMELESS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

18 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

		Movement in funds	Movement in funds	Movement in funds
	Balance at 1	Incoming	Resources	Transfers	Balance at 31
	April 2020	resources	expended		March 2021
	£	£	£	£	£
IT/IS reserve	15,000	­	­	­	15,000
Contents replacement	50,000	­	­	­	50,000
Redundancy	20,000	­	­	­	20,000
Development	30,000	­	­	­	30,000
Dilapida'ons	15,000	­	­	­	15,000
Buildings	47,811	­	­	­	47,811
Legacies fund	39,557	­	­	(30,000) 9,557
Con'ngency	84,032	­	­	­	84,032
New property fund	­	­	­	210,000	210,000
	301,400	­	­	180,000	481,400

Legacies

The charity is a co­beneficiary of some land in Cheshire. This has not been included in the financial statements as no no'fica'on of further distribu'on has been received. The charity does not yet have a reliable es'mate of the value of the legacy. Costs associated with bringing the legacy income to frui'on are allocated to a designated fund (see note 18) as they fall due.

19 Opera.ng lease commitments

At the repor'ng end date the charity had outstanding commitments for future minimum lease payments under non­ cancellable opera'ng leases, which fall due as follows:

	2021	2020
	£	£
Within one year	­	17,270
Between two and fve years	­	51,192
In over fve years	­	77,960
	­	146,422

• 21 -

CHESTER AID TO THE HOMELESS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

20 Related party transac ons

Remunera on of key management personnel
The remunera�on of key management personnel is as follows.
	2021	2020
	£	£
Aggregate compensa�on	75,273	74,640

• 22 -