rl K,INGSTON CHURCHES KINGSTON CHURCHES ACTION ON HOMELESSNESS (A company limited by guarantee) Financial Statements 31" March 2024 Company Registration Number.. 03735702 Charity Registration Number.. 1075890
KINGSTON CHURCHES A ION ON HOMELESSNESS (A company limited by guarantee) Year Ended 31 March 2024 CONTENTS Page 1 Reference and Administrative details Page 2 Trustees Annual Report (incorporating the Directors, Report) Page 20 Independent Auditor's Report Page 24 Statement of Financial Activities (incorporating an income and Expenditure account) Page 25 Statement of Financial Position Page 26 Statement of Cash Flows Page 27 Notes to the Financial Statements
KINGSTON CH IJRCHES ACTION ON HOMELESSNESS IA company limited by guarantee) Year Ended 31 March 2024 Reference and Administrative details Statu5: Kingston Churches Attion on Homelessness is a company limited by guarantee and a registered charity governed by its memorandum and articles of association. Registered charity name: Kingston Churches Artion on Homelessness Charity registration number. 1075890 Company registration number. 03735702 Principal office and registered number. St Peters Church Hall London Road Kingston Upon Thames Surrey 26QL The Trustees: Roger Sutton {Chair) David Lindsell J uliet Lack (Treasurer) Robert Bailey Elizabeth Sansom (Resigned 18 September 2024} Hilary Orton {Resigned 20 March 2024) Peter Gray Rigge (Resigned 14 May 2024) Gillian Boden (Appointed 14 May 2024} Peter Edwards (Appointed 17 July 2024} Anne O'Neil (Appointed 17 July 2024) Julian Adam5 {Appointed 17 July 20241) Shaw Gibbs (Auditl Limited Salatin House,19 Cedar Rd Sutton, Surrey SM2 5DA Auditor.. Senior Management Team: Georgie Forshaw, Chief Executive Officer Kat Greenwood, Service Manager Bankers: Lloyds Bank plc CAF Bank Limited Virgin Money
KINGSTON CHURCHES ACTION ON HOMELESSNESS IA company limited by guarantee) Chair's Report Year Ended 31 March 2024 CHAIR'S REPORT Welcome to KCAH'S annual report. Last October we celebrated being 30 years old. It has been a challenging year, the demand for our services has increased and we have struggled to find staff and staff of the right quality to enable us to provide these services. I said last year in our drop-in service (HCIS), which offers advice on housing and benefits to those in danger of being homeless that the number of people seeking our help had doubled and again this year the demand has grown substantially. A noticeable spike in the need for housing for asylum seekers was unprecedented alongside our habitual foorfall. As such we found ourselves in a position to run a Winter Night Shelter (WNS) once again to support those that would otherwise rough sleep. For the first time in our history of providing a WNS, half of the attendees were asylum seekers. I must give my thanks specifically to the 110 volunteers who ensured this provision was available to those most in need. Our supported housing project (Access) offers accommodation in shared houses for around 45 people across Kingston and support to those in the project to develop skills and to live independently. Unfortunately, we experienced challenges with some of the tenants about rent and bills collection. We remain having a fluid approach to understanding the needs of those in our accommodation and work to a future plan to support people to ensure payments are made to the organisation. "The Bridge" offers drop-in support to those who rely on substances who are sleeping rough or in danger of doing so. This service has built a strong reputation in the community working collaboratively with partner agencies and has become key in positive interventions for those who would otherwise have no access to support for their needs.
KINGSTON CHURCHES ACTION ON HOMELESSNESS (A company limited by guarantee} Chair's Report Year Ended 31 March 2024 It is challenging enough for our staff to see such unhappiness and, of course, the growing number seeking our support puts a further strain on them. The trustees are so grateful for the devotion and care they give to the homeless. Ro46r SMt+ov] KCAH Chair of the Board of Trustees "I've gcv?e from sieeT)ing o-. , buk)eo to havi-. g my olv place to call hcme aYFd fcr that, I am eterY)aliy grateful." PA U L 10 R fv1 1 R 14 C.1 J C L l E T KINGSTON CHURCHE: action
KINGSTON CHURCHES ACllONI ON HOMELESSNESS IA company limited by guarantee) Trustees, Annual Report (incorporating the Director5, Report) Year Ended 31 March 2024 The Trustees, who are also the Directors, for purposes of company law, present their report together with the audited financial statements of the charity for the year ended 31st March 2024. Information on page 1 forms part of this report. The financial ststements comply with the current statutory requirements, the memorandum and articles of association and ststement of Recommended Practise - Accounting and Reporting by Charities: SORP applicable for charities preparing their accounts in according with the FRS 102. OBJECTIVES & ACTIVITIES Kingston Churches Action on Homelessness (KCAH) was set up by over 50 churches in the Royal Borough of Kingston in 1993. Under the terms of the revised Articles of Association adopted in November 2013, the object of the charity is to "relieve poverty and distress amongst persons in the Royal Borough of Kingston upon Thames and its surrounding areas by the provision of accommodation, information, advice, assistance and other services and resources on housing matters" The Trustees have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. OUR VISION AND MISSION The Vision that shapes our annual activities remains that 'Everyone in Kingston is in a safe and stable home and is able to build a happy life,. Our primary goals and purposes detailed in our Mission Statement are: Helping people into immediate, safe accommodation by referring them to appropriate places, such as short-term housing or hostels. Equipping people with the knowledge and independent skills they need to manage their housing successfully. Supporting people to build on the aspects of their lives that will keep them in a safe and stable home.
KINGSTON CHURCHES ACTION ON HOMELESSNESS IA company limited by guarantee) Trustees, Annual Report {incorporating the Directors, Report) Year Ended 31 March 2024 OUR AcfiviTIES During the year ending 315t March 2024, the following services and activities help to support our aims and objectives: Housing Crisis Intervention Service {HCIS) - this is a weekday, drop-in advice and referrals service for people in housing crisis. Resident Support Team (RST) - our team which provide dedicated support for people living in KCAH-rnanaged accommodation and in council housing as part of the 'Everyone In, strategy. Housing Services Team - this is the team who manage our propety portfolio, help residents with rent arrears and support RST and HCIS. The Bridge - this is a support centre for people who have experienced homelessness and face i55ues around drugs and alcohol. Winter Night Shelter (WNS) we provided overnight shelter for 25 different guests at Everyday Church, Kingston in early 2024 until March 31 St 2024. Strengths-Based Practise - we continue to develop and deliver our strengths-based approach across the organisation. ACHIEVEMENTS AND PERFORMANCE Housing Crisis Intervention Service (HCIS) HCIS is the backbone to the work of KCAH and is a lifeline for single people in housing crisis in the Kingston Borough. The team runs a face-to-face, drop-in advice and referrals service for people in housing crisis, open on weekdays from 10am 1 pm. HCIS is funded in part by a commissioned contract with Royal Borough of Kingston ('Single Homeless Pathway,) and through other grants and donations.
KINGSTON CHURCHES ACTION ON HOMELESSNESS (A company limited by guarantee) Trustees, Annual Report (incorporating the Directors, Report) Year Ended 31 March 2024 We offer a sensitive, person-centred approach to people using our services. Following an assessment of a person's needs, we create a plan involving free, confidential, impartial advice and advocacy on housing, welfare benefits, access to health seniices and securing emergency housing. If appropriate, people may be referred into one of our supported housing options, enabling a seamless handover to the KCAH Resident Support Tearn. From 1 April 2023 to 31 March 2024 HCIS registered 414 new Cases - an Increase of 22 cases from last year, Advisors spent over 7 hours trying to re501ve each case, on average. We have run an advice service for over 20 years. The need for this service is deep- seated but heightened by the ongoing economic situation. As well as an increase in new registrations from 392 in the year to March 2023 to 414 in the same period ending March 2024, we have, in particular, seen approaches from people in employment double. Much of this stems from rising property costs including rents and utilities which has widened the audience affected. Additionally, we have also seen a record spiral in the number of foodbank vouchers we issue. Resident Support Team Our Resident Support Team (RST) support up to 55 people who would otherwise be sleeping rough or sofa surfing. They live in shared houses or flats that are either leased by KCAH or managed by the local council. The RST is made up of 3 'Asset Coaches, who support individuals with complex needs, including mental and physical illness, substance misuse, unemployment and social isolation many need intensive interventions. Asset Coaches are specially trained in a 'strengths-based' approach to develop a tailored support plan for each person. IYS designed to help people explore their interests and passions and to develop the necessary skills, resilience and self-confidence to help them to live independently and get and secure a safe and stable home.
KINGSTON CHURCHES ACT50N ON HOMELESSNESS IA company limited by guarantee) Trustees, Annual Report (incorporating the Directors, Report) Year Ended 31 March 2024 KCAH have been able to take residents on outings to support and enhonce their interests. The staff have been busy with additional challenges of our residents over the year and we were able to develop a volunteer team to support outings. In December our long term volunteer Alison took 5 residents to Hampton Court Palace, With her are two residents, one who has an extraordinary talent for art, he hasn't ever had the opportunity to visit Hampton Court Palace and found it inspiring - so much so he immediately Wc7S able to increase his portfolio. Housing Services Team The Housing Services Team (HSD is a person-led, strengths-based support for the people with whom we work. KCAH provide temporary supported housing for single people who find themselves homeless. The houses are leased by KCAH from private landlords. We offer two-year
KINGSTON CHURCHES ACTION ON HOMELESSNESS (A company limited by guarantee} -Trustees' Annual Report (incorporating the Directors, Report} Year Ended 31 March 2024 accommodation in shared houses, all located in the Kingston Borough. Our tenants are provided with support and encouragement using a support plan so that, in time they can move out of homelessness into independent accommodation of their own. The charity currently sub-lets 11 properties accommodating up to 45 people. Our Resident Support Team leader currently oversees the finances of our accommodation services by monitoring rent and bills payments by tenants alongside supportive inteNentions from the Asset Coach if there are arrears accruing. Tenants are invited to discuss any financial hardship they may be experiencing and together they work out a plan. The aim is for the tenant to be empowered, recognising the responsibilities of being a tenant and feeling in control of their finances, whilst the manager and the organisation have a realistic and safe response to the debts. Instead of punishing tenants who are on low incomes, struggling to cover their necessary expenditures, we work on maximising their income and setting up practical repayment plans. Our Property Services Officer is in charge of handling the property portfolio of KCAH'S Access accommodation project, whether that be dealing with repairs, liaising with homeowners, or inspecting the state of our properties. This Property Services Officer role is essential in maintaining a high standard in our properties, ensuring they are safe, warm homes for the duration of our tenants, stays. The Bridge As mentioned in last year's report unfortunately the Joel Stabilisation Centre which sought to provide a residential home and intensive 1.1 support to people who had experienced rough sleeping and face significant issues around drugs and alcohol closed. We opened a service for the people we work with who use substances and have been sleeping rough or are at risk of sleeping rough. 'The Bridge, offers drop-in sessions, group work, holistic groups, health and wellness advice, counselling and outreach to wherever people are based. It's designed to be a friendly, welcoming space that is highly accessible to people who are harder to reach in the community. The Bridge team currently has an active caseload of around 62 clients. Commissioned and funded by the Office for Health Improvement and Disparities (OHID) via the Royal Borough of Kingston, we are aiming to enable people who need help and support to gain direct access to the services they need from providers, such
KING)TONI CHURCHE) ACTION ON HOMELESSNEs5 IA company limited by guarantee) Tru)iee> Annual Report (incorporating the Directors, Report) Year Ended 31 March 2024 as Kingston Wellbeing. We believe that this initiative fits well with our mission to work with people in the Borough of Kingston to help them get and keep a safe and stable home. Tessa is part of the team c7t The Bridge, a KCAH service for people v/ho hove experionced tho trauma of homolossness and use substancos. Having living experience put5 Tessa in a unique position to support those that attend the Bridge. One of her fabulous s,tills is artlork and she enjoys running a weeKI ly art group. "The Bridge is G friendly, safe and neutral space where people can Just pop in for a chat and G cup of tea and find out more about what we offer. They often know us and we know them already, so the trust IS there. Winter Night Shelter (WNS) We were fortunate this year to receive a donation of £25,000 from a single donor to run the WNS. We ran the shelter at Everyday church in Kingston with the help of over 100 volunteers. Ambitions to start the shelter in November/December as the weather turned colder were hampered by recruitment challenges. Recruitment across the sertor has been difficult and this was further compounded by it being a short-term contract with largely anti-social hours. It was an extraordinary feat to stand up the WNS given the challenges we faced.
KINGSTON CHURCHES ACTION ON HOMELESSNESS (A company limited by guarantee) Trustees, Annual Report (incorporating the Directors, Report) Year Ended 31 March 2024 The shelter gave sanctuary to 25 people and the Impact Summary below provides historic and current information collected and submitted to Housing Justice about the WNS. Aligning with national statistics we offered shelter to a larger number of asylum seekers than ever before. This drove positive local partnership working and broke down barriers in our community. A survey was sent out to all our WNS volunteers to gather all vital feedback on the running on the shelter and ensuring that volunteering at KCAH is a rewarding experience. We had positive feedback from our stalwart supporters who had all felt a sense of value and community camaraderie. It was recognised by all as a valuable intervention for those who are homeless in Kingston and had been missed as a provision since COVID. We also hosted a BBQ at KCAH offices to thank those that volunteered their time at the shelter. This was a success despite the Great British weather sending us torrential rain on the day. 10
KINGSTOIN CHURCHES ACTION ON HOIMELESSNESS IA company limited by guarainLee Trustees, Annual Report (incorporating tne Directors, Report) Year Ended 31 March 2024 KCAH Winter Night Shelter (Kingston upon Thames) Tot)l GiJw.tr Winter Gu8= ToLIl Bgd- Day-. Opgn par bgd Iwirterl Bgdntghts 25 25 20 72 1.25 1440 Shelter Data Bod CempDitson Tt)ts18éd= 4013- Pre•Trt Jui¥is JDllf14 Mové-on rate" IQ&I 2013 - Pr6d8nt Po-¥9 Move"on Rat& 2023124 Nuffib•r ol FfE StsFF 110 46Vo 84Yth Cue. wilh cunert of T•1 •rnpltyim•vrt 12Yo Totsl Guo..L 2013 - Prg£fjnt Cugst Nation31ty 9023,'24 Gua-t ago pvofilg 2023124 Gu&-* 9¥nder profil& 20ry31 24 Factor Contributing to Hom818-- 2023124 Gu84 Support N80d- Length of Stsy 2023124
KINGSTON CHURCHES ACTION ON HOMELESSNESS IA company limited by guarantee) Trustees, Annual Report (incorporating the Directors, Report) Year Ended 31 March 2024 Strengths-Based Practice Thanks to a National Lottery funded programme, we have undertaken a root and branch, charity-wide implementation of 'strengths-based' practise. We recognise that homelessness is not just a housing issue, and a strengths-based approach is a key part of helping our clients reach their full potential. It helps us to focus on a person's strengths and interests, rather than the negative labels that often dominate their experience of the current housing and benefits system, keeping people trapped in a 'deficit mindset,. 'If you focus on people's weaknesses, they lose confidence." We firmly believe that helping people to explore their strengths and interests builds self-worth, confidence and a sense of identity. In turn, this empowers people to rebuild their lives, move on to independent living and manage their housing successfully. Strengths-based approach is now embedded in our culture - an achievement we are particularly proud of, as it was done in the shadow of the pandemic. Standing by our practice has been challenged this year as we saw a larger proportion of those in our accommodation project disengage and struggle with the cost of living. We continue to be fluid in our approach and be the positive intervention to intervene in someone's cycle of homelessness. Fundraising Highlights KCAH took the decision to create the new position of Marketing and Communications manager designed to raise the profile of the charity, its challenges and messaging to then build sustainable income. Dan Whittingham was brought on board for the post in September 2023 which enabled us to engage in a range of new activities for Christmas including collecting donations and helping people pack their bags at Waitrose in Surbiton. It was a great effort, team building exercise, and we raised over £1,000. 12
KINGSTON CHURCHES ACTION ON HOMELESSNESS IA company limited by guarantee) Trustees, Annual Report {incorporating the Directors, Report) Year Ended 31 March 2024 Staff and Volunteers at Waitrose, Surbiton-December 2023 Alongside the decision to recruit a Communications and Marketing Manager, KCAH started working with an external fundraiser to help raise money from Trusts and Foundations and add to our income streams. We recognised this investment will tske time to develop but £56,000 was secured from the fundraiser's work in the financial year. Volunteers Volunteers have always played a crucial role in how we function as a charity and engage with the local community. We try and offer as many volunteering opportunities as possible, such as inviting students from local schools and businesses to carry out light DIY and painting on our premises or the properties we manage. Volunteers with specialist skills often offer their time and expertise to help run workshops, such as gardening, arts and crafts or cooking. This is a key part of our strength-based work with residents to help them explore interests, develop social and life skills. As indicated above, the Winter Night Shelter was run with assistance from 110 volunteers some of whom continue to support the charity on a regular basis. We also 13
KINGSTON CHURCHES ACTION ON HOMELESSNESS IA company limited by guarantee) Trustees, Annual Report (incorporating the Directors, Report) Year Ended 31 March 2024 have a dedicated team of 4 skilled volunteers who help us with administrative tasks in the office throughout the week They undertake tssks such as data entry, answering phones, welcoming people into the drop-in advice seniice, dealing with enquiries via phone and email. Suffice to say, theyform an invaluable part of our team and we would struggle to operate without their help. Our office volunteers give 24 hours of their time a week. This equates to £380 pw £20,000 a year (approx.) Future Plans Business Plan Our Business Plan outlines our agreed plans and ambition for what we wantto achieve. It is a working document which is regularly reviewed and updated by management and Trustees. With COVID-19 radically altering the landscape of the homelessness sector, KCAH understands that we must continue to be responsive to whatever the current needs are. Our focus for 2024/25 is to continue to provide all key services whilst continuing with our strategy to generate more sustainable income. Winter Night Shelter KCAH is uniquely placed with regards to interventions for those that are street homeless or threatened with homelessness. We are actively seeking funds to support the opening of another WNS for winter 24/25. We have seen an ordinarily fallow period for approaches to the organisation in the summer, deliver record numbers. Aligning with this is data that tells us that local homelessness on the rise. Recognising that means that, should the funds be available, we aim to positively intervene in street homelessness during next winter. Sustainable Funding Much of our grant funding currently comes from local and central government which are specific and time limited. This is also true of some grants received from charitable 14
KINGSTON CHURCHES ACTION ON HOMELESSNESS (A company limited by guarantee} Trustees, Annual Report {incorporating the Directors, Report) Year Ended 31 March 2024 trusts. We are blessed with a healthy level of donations from individual donors, local churches and businesses. Within this, the management and trustees are conscious of our vulnerability and continue to explore ways to seek more sustainable funding. In this respect we are moving forward with our fundraising strategy built around the Marketing and Communications Manager and, supplemented with support from the external professional fundraising consultant. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document Kingston Churches Action on Homelessness is a company limited by guarantee governed by its Memorandum and Articles of Association. It is registered as a charity with the Charity Commission. Its members are the Trustees who will contribute £1 each in the event of the dissolution of the charity. Appointment of Trustees In accordance with the Memorandum and Articles of Association, trustees of the charity are elected to serve for a period of three years and may subsequently be reappointed for up to two additional three-year terms. New trustees may be appointed by the existing trustees who are the members of the charity with representation encouraged from Surbiton Churches Together, Malden Churches Together and Kingston Churches Together. The maximum number of trustees is twelve and the minimum is four. The trustees seek to ensure that the needs of the client group of the charity are appropriately reflected through the diversity of the trustee body. Trustee Induction and Training New trustees become familiar with the practical work of the charity through their induction, initiated by the Chair and the Chief Executive Officer. The charity has a 15
KINGSTON CHURCHES ACTION ON HOMELESSNESS (A company limited by guarantee) Trustees, Annual Report (incorporating the Directors, Report) Year Ended 31 March 2024 proforma guide which is completed at induction and this shows the dates at which the various parts of the indurtion process have taken place. Trustees are encouraged to allocate time observing the day-to-day operations of the charity. Detailed financial and operational information is provided to the trustees at each meeting and an explanation of this is provided when a trustee indicates that he / she does not understand the full implications of the information given. Trustees are aware of the various Charity Commission publications that can be obtained to assist them with their duties. Organisational Structure The trustees of the KCAH typically meet six times a year and are responsible for the strategic direction and policy of the charity. At the end of the financial year, there were six trustees from a variety of professional backgrounds, making a contribution relevant to the work of the charity. The Chief Executive Officer is responsible for the strategic development, public relations and overseeing day to day operations. The Chair of the trustees and the Treasurer meet regularly with the Chief Executive Officer. Risk Management The Trustees review the strategic risks which impact KCAH'S ability to deliver its strategy periodically. Operational risks which are associated with identifying potentially inadequate internal practices, policies and systems that might result in a loss to the organisation are delegated to the senior management. The key strategic risk KCAH faces is the financial sustsinability of the organisation given its current reliance on Government-backed funding to support the services provided. There is considerable uncertainty around the level, nature and scope of future funding from the Government for the services that KCAH provides. The Trustees are seeking to mitigate this risk primarily by: continuing to develop and implement its fundraising strategy which includes marketing, communications and fundraising functions. identifying and implementing meaningful efficiencies in work practices that effectively reduce the core cost base. regular monitoring and scrutiny of progress made against plan. 16
KINGSTON CHURCHES ACTION ON HOMELESSNESS (A company limited by guarantee) -Trustees' Annual Report (incorporating the Directors, Report) Year Ended 31 March 2024 monthly forecasting of cash flows and reserves and updates of operational plans. Financial Review The net deficit and net movement in funds for the year was £154,061 (2023- £45,496 deficit). Total income was £1,090,816, a decrease of £84,951 on 2023. The reduction principally reflects income received in 2023 for the Joel Stabilisation unit (Joel) of £121,180 prior to its closure in June 2023. Income from ongoing services increased by £36,229 although in December 2023 KCAH completed its support work for 18 residents placed in local council supported HMOS that had been primarily funded through grants from the Rough Sleeper Initiative programme. Donations in 2024 of £174,124 (2023-£173,464) included a donation of £25,000 from New Life Church to help set up and run a Winter Night Shelter which operated from January to March 2024. Income from Trusts and Foundations of £132,249 increased by £56,405 with the charity awarded a grant of £30,286 from the National Lottery's Community Organisations Cost of Living Fund to support increased staffing in HCIS as well as a grant of £20,000 from the Sisters of the Holy Cross to assist with the annual running costs. Income from Access properties was down £11,733, the result of lower occupancy rates in certain properties. Expenditure of £1,244,877 was up £23,614 on 2023. The costs of running Joel in 2023 were £113,418. Excluding Joel there was an increase in expenditure in 2024 of £137,032. This reflects higher levels of arrears in tenants, rent and service fees and the challenges with their recoverability. The increase in the bad debt provision of £76,432 {2023-£18,887) recognises this. In addition, the one-off costs of running the Winter Night Shelter were £39,071 and HCIS direct costs, in particular staff, were up £30,178. At 31 March 2024 total funds were £284,474 (2023- £438,535) with unrestricted income funds of £269,446, and restricted income funds of £15,028. 17
KINGSTON CHURCHES ACflON ON HOMELESSNESS IA company limited by guarantee) Trustees, Annual Report (incorporating the F)irectors' Report) Year Ended 31 March 2024 Reserves Policy The trustees have reviewed the charity's reserve policy during the year which is designed to support the following situations: a) To sustsin KCAH'S operations within the Royal Borough of Kingston through periods of economic downturn and uncertainty for long enough to take remedial action. b) To facilitate the day-to-day operation of its activities, and in particular, to enable it to meet anticipated liabilities as they fall due. The reserves are necessary to cope with fluctuations in cash flows due to grant income being received in arrears or budgeted expenditure being incurred in advance of the receipt of matching income. c) To enable a service or project to continue in the event that grant or other funding is withdrawn, ends temporarily without replacement or is not sufficient to fund a service at an agreed level. This would allow a period of continuity while alternative sources of funding are sought, or if ultimately required, to allow the company to run down an activity or project in an organised manner while fulfilling its legal obligations. d) To develop new services or expand current ones in line with the current needs of the communitywhile supporting existing clients and staff during periods of change. e) To survive unexpected setbacks and problems arising from internal or external causes. The trustees have reviewed the required level of free reserves tsking into consideration the risk profile of the charity, its planned activities for the coming year, progress in the development and implementation of the fundraising strategy and the plans for the future. Taking account of these factors the trustees have determined that the minimum level of free reserves to be held is between £200,000 to £300,000. Investment Policy The Charity's funds are spent in the short term so there are no funds considered available for long term investment. The trustees have decided to hold any surplus amount available in interest-bearing instant access or deposit accounts 18
KINGSTON CHURCHES ACTION ON HOMELESSNESS (A company limited by guarantee) Trustees, Annual Report (incorporating the Directors, Report} Year Ended 31 March 2024 Trustees, Responsibilities Statement The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently," observe the methods and principles in the applicable Charities SORP," make judgments and accounting estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements", prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position 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 prevention and detection of fraud and other irregularities. The trustees, annual re and the strategic report were approved on 20th November 2024 si on behalf of the Board of Trustees by: Roger Sutton Chair of the Board of Trustees 19
KINGSTON CHURCHES ACTION ON HOMELESSNESS (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KINGSTON CHURCHES ACTION ON HOMELESSNESS Opinion We have audited the financial statements of Kingston Churches Action on Homelessness for the year ended 31 March 2024, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements. including a Summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements- give a true and fair view of the State of the charitsble company's affairs as at 31 March 2024 and of its incoming resources and application of resources for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for oplnlon We conducted our audit in accordance with International Stsndards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial ststements in the UK, including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements, we have concluded thatthe trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or condition5 that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees, with respect to going concern are described in the relevant sections of this reporL Other information The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustee5' are responsible for the other information contained within the annual report. Our opinion on the financial ststements does not cover the other information and, except to the extent otherwise explicitly 5tsted in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with 20
KINGSTON CHURCHES ACTION ON HOMELESSNESS {A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KINGSTON CHURCHES ACTION ON HOMELESSNESS the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charites (Accounts and Reports) Regulation 2008 requires us to report to you if, in our opinion: the information given in the Trustee5' Report is inconsistent in any material respect with the financial statements; or sufficient accounting records have not been kept, or the financial statements are not in agreement with the accounting records; or we have not received all the information and explanations we require for our audiL Responslblllties of Trustees As explained more fully in the Statement of Trustees, Responsibilities (set out on page 19), the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is neces5aryto enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial staternents We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatemenL whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will alway5 detect a material misststement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial ststements. Irregularitie5, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect 21
KINGSTON CHURCHES ACTION ON HOMELESSNESS (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KINGSTON CHURCHES ACTION ON HOMELESSNESS of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: The extent to which the audit was considered capable of detecting Irregularities including fraud Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations,. we assessed the extent of compliance with the laws and regulations identified above through making enquirie5 of management and inspecting legal correspondence,. and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We considered the nature of the Charitable company's control environment, and reviewed the Charitsble company's documentation of their policies and procedure5 relating to fraud and compliance with laws and regulations. We also identified the laws and regulations applicable to the charitable company through discussions with the Trustees and other management, and from our cumulative audit knowledge and experience of the charitable company. We obtained an understanding of the legal and regulatory framework that the Charitable company operates in, and identified the key laws and regulations that: had a direct effect on the determination of material amounts and disclosures in the financial statements. These included the Companies Act 2006, the Charities Act 2011, Places of Worship Act 1855, the Charities SORP, and UK financial reporting standards as issued by the Financial Reporting Council; and do not have a direct effect on the financial statements but compliance with which may be fundamental to the Charitable company's ability to operate or to avoid a material penalty. These included the Charitable company's regulatory requirements. We assessed the susceptibility of the charitable companls financial statements to material misstatemenL including obtaining an understanding of how fraud might occur, by: making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud,. and considering the i nternal controls and policies in place to mitigate risks of fraud and noncompliance with laws and regulations. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to.. reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements,. performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud,- 22
KINGSTON CHURCHES ACTION ON HOMELESSNESS (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KINGSTON CHURCHES ACTION ON HOMELESSNESS enquiring of the Trustees concerning actual and potential litigation and clai ms, and instances of non- compliance with laws and regulations; and reading minutes of Trustees, meetings, reviewing internal audit reports and reviewing correspondence with the Charities Commission. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of noncompliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Trustees and other management and the inspection of regulator and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit Use of our report This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Records) Regulation 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed. 'Mbbs Shaw Gibbs (Audit) Limited Statutory Auditor Salatin House 19 Cedar Road Sutton Surrey SM2 5DA 20 November 2024 Shaw Gibbs (Audit) Limited is el igible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 23
KINGSTON CHURCHES AcfioN ON HOMELESSNESS (A company limited by guarantee) STATEMENT OF FINANCIAL AcfNITIES FOR THE YEAR ENDED 31 MARCH 2024 (incorporating an Income and Expenditure ac¢¢wnt) Unrestricted Funds Income Funds Totsl 2024 Total 2023 Notes Income from: Donations and legacies Charitable activities Investments Total Income 146.674 509,958 3,454 660.086 27.450 403,280 174.124 913.238 3,454 1.090.816 173,464 1,001054 249 1,175,767 430.730 Expenditure on: Raising funds Charitable activities Total expenditure 70.427 744.571 814.998 70,427 1.174.450 1.244.877 63,983 1,157,280 1,221,263 9110 429.879 429.879 Net Income/(outgolngs) and movement in funds for the year 12 (154.912) 851 {154.061) (45,4961 Reconciliation of funds Total funds brought forward 424.358 14.177 438.535 484,031 Total funds carried forward 20 269,446 15,028 284474 438,535 TOTAL RECOGNISED SURPLUS AND DEFICITS The company has no recognised surpluses or deficits other than the deficit or surplu5 shown above. Net outgoings in 2023 were £6,185 from unrestritted and £39,311 from restricted funds. The notes on pages 27 to 35 fomi part of these financial statements. -24-
KINGSTON CHURCHES ACTION ON HOMELESSNESS IA company Ilmited by guarantee) Statement of Financial Posttion (Company Number 03735702) AS AT 31 MARCH 2024 2024 2024 2023 2023 Notès Fixed Assets Tangible Assets 15 Current Assets Debtors Cash at bank and in hand 16 17 110.419 255,707 366,126 234,410 286,269 520,679 Liabilltles Creditors - amounts falling due within one year 18 81.652 82,144 Total assets less ¢urr•nt Ilabllltles 284.474 438.535 Net Assets 284.474 438,535 The lund$ of the charity: Restricted income funds Unrestricted income funds 15.028 269.446 14,177 424,358 Total Charity Funds 20 284.474 438,535 For the financial year ending 31 March 2024 the company was entitled to exemption from the audit under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtsin an audit of it5 accounts for the year in question in accordance with section 476 of the Companies Act 2006. However, an audit was required in accordance with section 144 of the Charities Act 2011. The trustees, who are regarded directors for the purpose of the Companies Act 2006, acknowledge their responsibility for complying with the requirements of the Act with respect lo accounting records and for the preparation of the accounts. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies act 2006 and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. The accounts were approved and authorised for issue by the trustees on 20 November 2024 and signed on their behalf by.. Roger Sutton Trustee Juliet Lack Trustee The notes on pages 27 to 35 form part of these financial statements. -25-
KINGSTON CHURCHES ACTION ON HOMELESSNESS (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 Notes 2024 2023 Cash flows from operating activitses Net Income {154.061) {45,496) Adjustments for." Other interest receivable and similar income {3.454) (249) Changes in." Trade and other debtors Trade and other creditors 123.991 {492) {29,212) (12,789) Cash generated from operations {34.016) (87,746) Interest received 3.454 249 Net cash from operating activities (30.562) (87,497) Net incr•ase in cash and cash equivalent5 Cash and cash equivalents at beglnning of year 22 (30.562) 286.269 {87,497) 373,766 Totsl Cash and cash equivalents at end of year 17 255.707 286,269 The notes on pages 27 to 35 form part of these financial statements. -26-
KINGSfoN CHURCHES AcnoN ON HOMEiESSNeSS IAwmpaDy limit¢d byw•r•nwl NOTESTOTHE FINANCIALSTATEMEIITS FOR THEYEAR ENDED31 MARCH 2024 1 General Inf0rn)a0n lQrigston ChurehÈs Aetion on Hom•ltssnèss is a put4ic nrrt enbty aThJ a private company limlled by guarantèè. incorporaieLI in England and Wales under the Compani•s t and registered as a charity in England and Wales. compan$ registered officè address is shown on page 1. The nature of the charitable compotys operath?ns and its Fxtncipal &livitias a sel out in t Tru5tees' Rgport on page8 2 to 19. 2 Going Concarn The finwKial statem8nts are drawn up on the golw concem 815 whith assurnes Kingston Churcha5 Acbon on HoleSSnesS will ntinue in operational existence for the foreseeabk fulurq Ing a p8riod of 12 rnorthslrDm Ihe date of approval of these finanaal stat8menls. The Board have given due ()JnsideratK)n to the working IXFrft31 and cash fbw requlrem6nts of ngston Churches Action on Homess. Th8 B08rd con5kl8r Klngston church AciK)n on HomBIes55. current and forecast cash re5ou$ to L ffict to a)verth8 working Gqpital requirem8nts of the charity forthe fowBsa6able fuiure. 3 Accountlng policies The frnCiFO1 xcounting polw adopted. iU¢SJerrnts and key 8ourc8s of 831im8tion urKgrtarnty Fn tha pr8paTation of ts financ&1 tatsrnents are set out tloW. These policies have been consist8nty applied to all th8 aS pYes8nt•d, unless Otherw stated. BaBI8 of Pr•parallon Thg finawi siatements of the charfly have been tffepared under the histori1 ¢951 nVanti9ft in accordance wlh Accounting and Rertsn9 by Charits'. Ststernenl of 0mmended Practice app1[ble lo thariti¢$ pariThj their &c4)vn(s in accoTdancg wilh the Financial Reporting Standard appJicat4e in the UK and Republic of Irand IFRS 102) l•ff8thv• 1 January 2015)- Icharibos SORP IFRS 10211. the Financial pOr11n9 Standard applicablo in thè UK and Rewblic of Ir81ond {FRS 1021 and the Componio¥ knt 2006. lQngston Chureh8s Actlon on Fk>1&$srt•ss m80ts definltScffl of a publk bgnefit entity under FRS 102. Ass•ts and Ilablllti•s are in6tiaty renIsd at hlstodcal wst ortransactbn Value ¢Jnless otherwise stated in the re18vant auntIng w1Y nots{sl. Th¢ funclN)nal currency of the charity is consldered to te undS sttsrfing (£1 bU$ that is curr8w of the primary economic onvironmenl in which it operat¢s. The financial statements prtrs¢ntsd in Fouflds stèrfing (£1. Judg•m•nts and kty of otimatlott un¢¢rtainty The prewation of finaxial stst•m•nts in conforntywith Charfti&s SORP IFRS 1021 requires the Iru3tsg$ to mak• judgem•nts, est6mat•s and assumptions that affact tha applkalon of pollcles and reFx)rted arrKJunls of a589ts ¥TrJ Ikqbllltiès, I1orne and eXptses. The •stimat&s and associated assumptions are based on historical experience v¥rttiUS other f&tors thal are teliev&l io be reasonable under Ihe circumsiajxes, the results of which foffn the baw3 of rnakirvJ tha judgements about carrwng values of assets and liabilitses that are Th)t readity apparentfrom oth?r sou•$. Aclual règJlts maydtffer from these estimates. The judgemgnts. estimates aThJ assumptK)ns which have a significant rKsk of causing a matt1 adFbsknant to the carryiThJ amount of assets and IK8bilibes are diU58¢d bekw. Within trade debtors the maJoFity of the eompanls accounts re1¥able relate tt) amounts owed by tenants in specI of rented accommodation. An alkn¥ance for doubtful debts is maDitained for potential credit10558s based on managemenfs assessment of th8 exrected ¢ollectabiliiy of accounts reco1vab. The allowanc for thubtful ac£ounts is reviewed poriodically to assess its 18qLy. In meking this assessrnent. rnanagemgnt tak8s intrj (x)nsK18r8tiDn custom8T [CUMstae$ and makes judg8rn8nts as tri th8 probability ol the successful dabt c1ctionS. The 8Ctual V81 of debt colkcted rnay differfrom the estimated18vels of rVery arvj coukl IM future 0rationS results [Ve or n8gativ8ly. As at 31 VArch 21Y24 the charitable companrf5 current Irade receivabl8s from custom8rs wer8 £104,270 4ainst whh £94.700 was Fxov¥Jed for. Incorno l incorniThJ Tr5oUB5 ate included in th8 5tatern8llt of finanGial activiti8s when enbdeThnt has pa&s8d to th8 tharity," it is [Kobae thatthe ecorMiC tnefits a550Ck?ted vrith tranSt Mll to the charity aThY the amount Can b8 r8liably measured. Th8 following sF¢ff poli¢i•s al• applrdd to partular ¢atSgorns of rrKome'. al incorne from donations or grants is recognised when there is evid8n¢g of ¢nliUomont lo tha gft, r8ceipt is probatAe and its amount can be aSured reliably. bl legw itKomo is recognls8d wh•n ropt Ss pYobabl8 and entmement Is established. I donated facilities and services are not recognised in thg ?ccounl¥ as th¢ valua cannot b• r8adily measur•Y and no arrtounts arg in¢luded for the contribution of general volunteers. dl Incom& from contracts for thg suppty of s•t•S is r8eognised wlth the delivery of the contracted ¥¢rvicg. This is dassffjed as unrestrknt•d funds unl•ss ther8 is a eontractual r•quirèm&nt for it to be spent on a partr purp)5è and r•tum•t1 W unspont, in whKh case it may be ward8d as restrfcted. -27-
KINGsfoN CHURCHES Acn014 ON HOMELESSNESS IA tompartylimited by 8uorante81 N07ES TOTME FINANCiALSTATEMENTS FOR ThÉ YEAR ENDED 31 MARCH 1024 3. Accounthg pollcl•s Icontinuodl exp•ndltur• EvnditU is recogni8ed once there Is a al or constructive obl&Jation to make a paffl8nt to a third paty. it is PbabIe thai settl•m8nt wll ba rèquirgd and tho arnovnt of the obllgath)n can be m8asur8d reL8ibty. ExF¢ndrturg 18 included oft an accrual$ basis inclusive of VAT. Expendrture Is dassffiod undèr headings as follLJWS: al ExFenolture on aharltabl8 acUvitiè$ includes all costs IncuThed by the charfty In undertoklng actlvltlas that furth•r charftab for the benefit of ben8flclarf8s, includin9 IIKJse support costs and eosts to the gov8manc8 of the charfty apportloned to dritatile acti¥eS whlch are Incurr8d diwlty in fuffillin9 the charitys objecuves,. bl othar oxpgndilure includeB all eXpendth that Is naithgr r¥lated to raising funds for the charfty nor part of it8 expenditure on charftsbla activitva8. Allocatlon of Support Costs SupFQrt costs are thos• functlons that assist Ihe of the charfty trJi do not dlracUy und8rtakg eharitabl• actIvits. Support ¢osts include t)ack office oosts, Snsuranca, li¢•n8es. subsuiptH)ns, security, HR and aceounUng s8rvlc•s, bank servlce chargos and dewiation costs whlch support th8 projects and acttwtses. These costs have baen allocatad to expendlture on charitabla acl1wts and have been split be68n r8strid•d al unrgstrI funds based on an approprfate basls IncludiThJ stsff tkne, flc)r spac• and stsff nurnbers. Fund •e¢ountlng unreStrfC funds arè availablo for use at the dlxretton of the trust••s to furthor any of the chariV¥ purpos¢$. Dosignated funds ar8 unrestrfctad fund¥ eamiarked by the tnjstees for a partkul8rfubJr• projact or commrtm&nL R8sirfcted funds ar• subjocted to reslricUons on th8lr èXFenditur• dedarl bythg doTh)r or through terrns 018n •ppgal, and fall into one of sub4ass•s.' rnstrfctèd funds or endobvment funds. Tanglbl• ass8t8 Tlb fixed 0¥8els are Ststed at hIsto¥ cost lèss daprn¢iation wh¢re approwats. Oepmeiation Depraclatlon Is charged by annual instalments 8stlmat•d to Mit• off ttirco8t10s¥ ¥rry re¥idual value over the gxpected usefvl INes which eqLAte to thè following rates.. Complrtgr & Office equipment 33% straight line Impalnnent of flx8d assats Fixed assets are subl8el lo rsview for impairnnt wh&n th•re is an h)dicath)n of a rèduetion in Ihgir CO1n9 valuè. Any impairmgnt rg¢ognised in th8 y8ar In which it QUrS in the corresp)nding Statement of Finand81 Actlvltl•s category. D•bto Debtor¥ arg recdcJnised initially at transaction wiro. They arg subsequenuy measur&J at amothsed cost, less PTovislon lor Impairment. A provision lor the irnpalmiGnt of dÉbtors 1$ ¢¥tsblished vhten there is objective evidence Ihat the charilatAe company 511 not b8 able to collect all arnounts due cordiThJ to the 9ri9inal tgrrns of the debt. Cash at bank and In hand C8sh ot bank and in hand Includ8s cash •nd short temi Ih]uid investrnents wlth a short rnaturlty of three rnonths or less from the datè of qUISItn or opening of th8 deptssil gr ¥irnilar account. Crfjdltors Creditors are recognSsed Wha the charitable cornpany has a present obllgation r8sultlng from a p85t aV8nt that wlll prtsbably r•su in the transfer of funds to a thlrd party and the anTr)unls due to settle the obllgalion can be m8asursd or 8stlmat8d rellay. Creditors and provisions are normally r8cognisad at thèir settleffnI amount after allowng for any disoounts due. Taxatlon The charita0 company Is a charity withln Ihe definitn of section 467 Corporation Tax Act 2010 and is therefore ab to take advantaga of thg exernptions given by sectbns 485 and 486 of that ACL kcordingly, the IB no Corporation Tax charge in these accounts. -28-
KINGsfoN CHURCHE5 AclloN ON HOMELESSNESS IA company Ilmlted by1rate8) NOTESTOThE FINANOALSTATEMeNTS FOR THE YEAR ENDED 31 MARCH 2024 3. Accountng pollcle8 Icontlnuadl Financl&l Instruments The charitable company only has finanaal assets at)d financial IKqbilthes of a nd that qualfy as basic finanaal Instrum8nts. Bas )In#naal instruments are intiially recognised at transactKJn value and subsequently m88sur8d at their setuement value. Lea88S Lea8e8 in which substantsilly all risks reg8rds owrr5hiP are retwned by the18580r 8r8 cl885ifi8d as operating leases. PayrrÉrrts m8d8 under opatillg leases are charged to th8 8tsten*nt of fjnarKyal C 8 straight line basis overthe period of the lease. Defined contribution penslon plans The ch8rity rx)ntribule8 to indiwduals, stske hokjer pension 8chernes trj a minimurn of 5% of salary and will rnatch the employees ¢ontn"bution up to 6%. Any legislative chang88 due to autwnrrAment are Imemted bthan they becoma due. ContribulTr to dgfin8d contribution plans arg rewgni¥gJ as an expense in thg period to whlch th8 r•lat•d 5eTvice 18 providgy. 4 Umited by Guarantso Thè Directorrust9e? are all mernbors of the Comp8ny. TW are liae for (hg C¢mpanls118billti8s and debts whilst bwwvJ a Mor and up to ¢n$ yo8r atsr Sing to be a m&mb¢rforth¢)se Ir¥n¥8¢tions •nt8r8d into before that dale, 1¢ 8 rnaximum of £1. s DonatSon8 and L•gacl8s Unrestrlctsd. Fund6 R•stri¢t•d Funds Total 2024 2024 Donations Donathms from Churthes, Indlvidu81s & Othws Gfft Aid 140,591 6,083 146,674 168,041 6,083 174,124 27.450 Unrestricted Funds Ro$triet8d Funds rotsl 2023 Donatlon Donations frorn Churches, IndNHluals & Others Gift 154,519 8,305 182,884 10.301 279 10.580 164,880 8,584 173,464 6 Charltable Activlties Unrestricted Funds Restrictèd Funds Totsl 2024 2024 Income 53 Project 473,958 473,958 473.958 473.958 Grants Royal Btyough of King81on Upon Th8m&s Ngtion41 Lottgry Sister8 of the Holy Cross Parac(etos fred Charftab19 Trust ng$ton Nursing As¥oci8tion The AKr&J Hunt Trust 307.031 95.223 307.031 95,223 20.(M)O 10,IY)O 1,000 1.026 5.fJ)O 439.280 20,000 10,000 1,000 1.026 36,000 403.280 Total Ch•ritable Actlvltles 509,958 403.280 913.238 -2
KINGsfoN CHURCHES AcfioN ON HOMELESSNESS IA company flmlted byguaranteel NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 6 Charltabl• Actl¥It1 {contlnu•d) Unresldcted Restrlcted Funds Funds Total 2023 2023 Income Access Project Joel rentsl income 485,691 12,199 497.890 485.691 12.199 497.890 Grants Royal Borough of Kingston Upon Thames Nalional Lottwy Savage Trust Masonic Charitable Trust Leathersellers Parddeios Alr Charitable Trust The Alfr Hunt Trust Dandy Charitsble Trust The Elizabeth FranklarKI Mcor Drapers Charirable Trust Kingston Nursing Asso(iation 428.320 31,581 428,320 31.581 1.521 350 5.000 10,000 7,000 3.000 450 3,000 12.5(M) 1.442 504.164 1.521 350 5,(K)O 10,000 7,000 3.rxio 450 3.(M)O 12.500 1.442 480.843 23.321 Total Charitablo &tivitlg$ 521,211 480.843 1.002,054 7 InvestrngTrt Inm0 Unre8tricted Funds Total Funds 2024 Unf8strlcted Funds Total Funds 2023 Bank Intarest Receivable 3.454 249 249 Direct Support Totsl 2024 Totsl 2023 8 ExndItUre on Raising Funds Costs of Fundralsing 47,970 47.970 22,457 22,457 70,427 70.427 63.983 63,983 9 Exp8nditur0 on Charltabl• Activltl•s by Fund Type Unrestricted Fund8 Rastrictsd Funds Total 2024 2024 Advi Services Acce55 Project Winter Night Shelter Rough Sleeper Initiative Rough Sleeper Accommodation Programme The Bridge Support Costs 124,510 564120 8.021 19,846 18.498 10.602 1.026 744.571 67.773 106.173 31.050 72,382 60,817 90,658 1,026 429.879 192.283 670.293 39.071 92.228 79,31S 101,260 1.174.450 Unrestricted Funds ReSlriclS Funds T¢1 2023 2023 Advice Services Access Project Joel Drug & Alcohol Stsblllsat(on UnSt Rough Sleeper Initiative Rough Sleeper Accomrnodalion Programme The Bridge Support Costs 88.006 468,118 35,882 10,264 15.102 15.616 16,442} 626,546 47.686 128,864 108.980 109,009 60.819 68,934 6,442 530,734 135.692 596.982 144,862 119,273 75.921 84.550 1.157,280 -30-
KINGSTON CHURCHESAcrtON ON HOMELESSNESS IA Company llrnlted byguoranteel NOTES TOTME FINANCIAL STATEMENTS FOR THEVEAR ENDED 31 MARCH 2Q24 10 EXP(1ure Charltablo Ad¥ltl•s by Actlvlty Typo Actlvltl•s Undertaken Olrectly Support Costs (Note 11 Total 2024 Advrce Services ACC PrO1t Winter Nlght Shglter Rthjgh Sleeper Initiative Rwgh SleeperAccommodallon Prc#3ramme The BrKh3e 118.174 617,336 24793 73.774 62,285 00,879 977,241 74.11J9 52,957 14.278 18.454 17,03D 20.381 197.209 192.283 670,293 39.071 92228 79A15 101,260 1.174,450 Acllvilies Undertaken Dlrect Support C08ts Total 21r23 2023 Advlce SeNices Access ProAt Jcl & Alcohol Stabilisation Unil RO Sleeper Initiative Rough Slgepgr A¢commod8Uon Progrgmm9 The Bridge 87,997 539.443 113,418 95,929 58.892 53,442 947.121 47,695 57.539 31,444 23,344 19.029 31,108 210,159 135,692 596.982 144,862 119,273 75.921 84,550 1,157,280 Fuklher anatysis of activities undertaken dir• by the Charity shown above. 2024 2023 Salaries. Soc181 Secudty and Employer conlblbutbn to Penon$ Access Property Costs Other Olrect Costs 374,870 425.215 177,156 977,241 434,965 395,277 116,879 947.121 11 Analysls of Support Costs General Preml$es & Other Costs Govgrnance 2024 Total Costs 2024 Advke Services Acces$ Prolgct Winter Night Shelter Rough Sleeper Inl(iative Rou9h Slgeper Accommodation Plan The Bridge 41697 32A34 13304 8.420 5.452 9,417 111.624 12.182 8.341 1,015 6.256 6.640 8,209 42,643 18,517 11,694 713 74,109 52.957 14.278 18,454 17.030 20.381 197,209 3.412 4,549 2.274 40.446 389 2.496 Raing funds 13,808 125,432 5.686 46,132 164 2.660 22,457 219.666 Staff Costs Ggngral Prernise5 & Other Costs Govemance 2023 Costs 2023 Advke Services Access Project Joel Drug & Alcohol Stabillsallon Unit Rough Sleer Inili8live RoLh Sleepgr A¢commodatlon Plan The Br¥Jge 26,650 36,348 17,045 10,601 8,983 18.578 118.205 6.867 6,660 6.841 8.112 5,341 4.035 37,856 13,414 13,482 8,797 4,037 4.111 8,046 49.887 47,695 57,539 31,444 23,344 19,1)29 31.108 210.159 1,049 761 594 449 4,211 Raising funds 17,284 135,489 2,543 40,399 4,111 53,998 283 4,494 24.221 234,380 -31-
KINGSTON CHURCHES AcfioN ON frIOMELE55NESS (A company fMnit•d by ¢uaranteel NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12 Net Incomé for thg •r Thls is st*ed after charglng: 2024 2023 Audito¢s remuneration.. Audit fees 13 Stsff Costs The total siaff costs and ployee beffits for the report period are analys as follows: 2024 2023 Wages and salari& Social security costs Employer contributions to pension plans 533,599 46,246 27.069 606,914 37.132 23.665 524.260 The average monthly headcwnt of employees during the year was 18 {2023:20} . The average number of full-time u1valent employees during the year is analysed as follows: 2024 No. 2023 No. DIrt charilable )vemance and Support Ralslng fijnds 11 12 15 16 One employee received employee benefits befvMen £60,000-£65,000 during the rrent year {2023-11. The key management personnel of the charity include all persons that have authodty aThJ resFN)nsibillty for planning. directing and controlllng the a¢tsvilies of the Gharity. During the year, charity expenses totalllng £9012023-£nill wEre reimbursed to key management personnel. The total CA)mpensation paid to key management personnel for services provided to the charity was £114,319 {202> £118,291). 14 Trustee romuneration and expgnses The Gharity trustees were not paid or received any other benefits from employThent wth the charitsble company in the year {2023- £nill. neither were they reimbursed expenses during the year12023- £nil}. No charity trustee recelved payment for professional or other services supplied to the charity {2023- £nill. No trustee has had any irffluence wth funders. 15 Tangible Fixed Assets Equlpment Cost At 1 April 2023 and 31 March 2024 12,271 Accumulated Depreciation At 1 April 2023 and 31 March 2024 12.271 Net Book Values As at 31 March 2023 & 2024 1fj Debtors 2024 2023 Trade Debtors Other Debtors Prepayments 93,273 12.526 4,620 110.419 203.249 27,607 3.554 234,410 17 Cash 2024 2023 Cash in hand and at bank Virgin Bank Deposit aecount 214,219 41,488 255,707 245,190 41,079 286.269 -32-
KINGSTON CHURCHES AcfioN ON HOMELESSNESS IA company Ilmlted by 8uarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18 Credltors - amounts falling duè within one yoar 2024 2023 Trade Cr8dltors Soclal Security and other taxes Other Credltors Acuuals 10,328 9,611 6,000 55.713 81,652 38.062 8,652 6,000 29,430 82,144 19 Flnancral Instrumonts 2024 2023 Financi81 a88ets mea8ured at cost Financ[81 Ilablllt(es measured at cost 361.506 25,939 517,125 52,714 Financial assets Indude Debtors, and ca$P1ft-hand and on deposit. Financial liabilities include trade and other credltors excludlng ac¢Juals and deferred Income. 20 Analysls of Charltable Funds Balancos Balances 31 March 2024 Incoming resources R¢$our¢es expended Tran$ferg 2023 Rostricted Income Funds Access Prolect-Renl Nat¢on81 Lott Nattonal Lottery's_cornmunity O.rganistioms Cost of Living Fund Single Homeless Pathway Winter Night Shelter Rough Sleeper Initiative oirice for He8lthL¥re Improvements & Dlsparfles Rough Sleeper AccommodaOn Programme Other Total Restricted Incorng Funds 12.177 1.200 64,937 {7491 {64,9371 12,628 30.286 74.975 31.050 72,381 {30,2861 {74,9751 {31,0501 {72,3811 2,000 91.058 {90,6581 2,400 60,817 4,026 430.730 {60.8171 14,0261 (429,879 14,177 15,028 Unrestrlcted funds General Fund Deslgnated fvnd Total Unrestrlcted Funds 377.558 46,800 424,358 660,086 1814,9981 46,8CK¢ 46,8WI 269.446 660,086 814,998 269,446 Total Funds 438,535 1,090,816 11,244,877) 284,474 Balances 1 Aprll 2022 Balances 31 March 2023 2023 Incoming resources Resources expended Transfers Reslr'cted Income Funds Ac$ Proiect-Rent National Lottery Single Homeless Pathwdy Royal Borough of Kingston Covld-19 Rough Sleeper Initiative Office for Healthcare Improvements & Disparities Rough Sleeper Accommodation Programme Joel donors Other Total Restricted income 12,179 33,307 1,700 31,581 74.958 25,000 174,760 (1,7021 164,8881 174,9581 125,0001 (174,7801 12.177 92.784 190,7841 2,000 60,818 8,880 20,942 491,423 160.8181 18,8801 128,9441 1530,734) 8,002 53,488 14,177 -33-
KINGsfoN CHURCHES AcfioN ON HOMELESSNESS IA company Ilmited by guarantstl NOTES TOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ci 20 Analysis of Charltable Funds (contlnued} Balances 1 Aprll 2022 Balances 31 March 2023 Incomlng resources Resour(£8 expended Transfers Unreslricted funds General Fund t)esignated fiJrKI Totsl Unr8strlcted Funds 383,743 46,800 430,543 684.344 1690.529) 371,558 46,800 424.358 684,344 1690,529) Total FufKIs 484.031 1.175,767 11,221.263) 438,535 Access Project Rent Deposts These are funds received fram donors to SUPFQrt our dierts into permanent accommodat#Jn by contributing to the rent deposit that are necewry. National Lottery These are knnds to develop the wellbeing of our tenants. National Lott¥rfs Community Organistiong Cost of Llvlng Fund This is a grant to assist with the Cost of Living cri8iS. Slngle Homeless Pathway This is gOvMent fijnding via the wuncil to provide advlce arKI supwrt to peorAe experiencing homelessness in Kingston Upon Thames. Wlnter Nl9ht Shehgr These are grants and donations to fvnd the sel up and runnirvJ of a Wlnter Night Shelter from January to March 2024 to accommodate people overnight who IUld olhermse be sleeplng rough. Rough Sleeper Inltlative This is govemment funding vla the local o)uncil given to assist peOe exp¥iencing homelessness who sleep rough. During 2023124 KCAH used th18 fundlng: la) to provide support and advlce to people originally in the"Everyone In" campaign have since been provlded with temporary accommodatlon In Houses of Multilpe Occupancy acquired by the local coun¢il. (b} to provide support and advlce to people experiencing homelessness who have no retA)urse to public funds. Offlce for Healthcare Improvements and Dlsparlties This is grant funding PfOVTded to support The Bridge initiative. a service desrgned for the peoFAe the charity )rk %Mth who use SLEbstances and have been sleeping rough or at risk of sleeping rough. The Bridge initiative aims lo enable those peoF4e to gain access lo the serViS they need from providers such as Kingston Wellbeing. Rough Sleeper Accomrnodation Programme This is government funding via the council to provide advice and support to people experiencing homelessn&ss from the "Everyone In" MpaIgn who have since been FNovid&Y with accommodation in single accommodation properties acqui1 by the Greater London Authority as part of the Mayor of London's Rough SleepEr Accommdation Programme. 21 Analysis of net assets between funds Unrestricted Funds Restrlcted Funds Totsl 2024 2024 Current assets Creditors less than 1 year Totsl 351.098 (81.652) 269.446 15,028 366.126 (81,6521 284.474 15.028 Unrestricted Funds Restrictsd Funds Total 2023 2023 Current assets Creditors less than 1 year Total 506.502 {82,1441 424,358 14,177 520.679 182,144 438,535 14,177 -34-
KINGSTON CHURCHES AcfioN ON HOMELESSNESS {Acompany Ilmited by guarantee) NOTESTOTHE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 22 Analysls of changes In net dobt 2024 At 1st Aprll 2023 C85h Flows At 31 March 2024 Cash at bank arKI in hand 286,269 (30,562) 255.707 2023 At 1st April 2022 Cash Flows At 31 March 2023 Cash at bank and in hand 373,766 187.497) 286.269 23 Pensions and other post retlrement nfjfits D•finod contrlbutlon plan$ The amount recognlsed as an expense in relation to defined contrltrthon plans was £23.665 {2023:£27.069). No IntrIbUon8 were payable at the year end {2023: £Nil). 24 Operatlng Lease commitments The total minimum lease payments under non-(*ncellable operating leases are as follows: 2024 2023 Obligations under operating leases expiring in less than one year Obligations under operating leases expiring in one to five years Obligattons under operating leas&8 exFNring ats five years 205.264 494.505 68,420 768,189 317.803 717.600 205.320 1,240.724 The amount of nonncelIable operatlng lease payments recognssed as an expense during the year was £332,831 {2023- £323.648} 25 Events after the flnanclal riOd There have been rto significant events befvieen the year end and the date of approval of these financial statements lch would require a change to, or a dlsdosure in, the fiinancial statements. -35-