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2025-09-30-accounts

The Spires Centre

Report of the Trustees for the year ended 30 September 2025 Company registered number: 03785409 Charity registered number: 1076888

020 8696 0943 www.spires.org.uk

Contents

In Memory of Pat Watters 2 1. Objectives and Activities 3 Future Plans 4 2. Achievements and Performance 5 What Spires Does 6 What Spires Achieved 7 The Different Spires Made 8 Gary’s Story 9 Stacey’s Story 11 Our Volunteers 13 3.Financial Review 15 4.Structure, Governance and Management 17 5.Reference and Administrative Details 19 Spires’ Membership and Partnerships 20 Spires’ Supporters and Funders 21 Statement of Financial Activities 22

Spires Trustees’ Report 2024-25

The Trustees have pleasure in presenting their Annual Report and Accounts for the year end 30th September 2025. This is also a Directors’ Report required by Companies Act. The Trustees’ Annual Report contains a Directors’ Report as required by company law.

The report and accounts comply with the requirements of the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS102 (effective 1 January 2019).

Spires Trustees’ Report 2024-25

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In Memory of Pat Watters (1965-2025)

We were deeply saddened by the loss of our dear colleague Pat in November 2025.

Pat was Spires through and through. The impact of her passing is hard to quantify. We dedicate our work in her honour.

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1. Objectives and Activities

Our objectives are as follows:

“The relief of persons in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage, in particular in South London and the surrounding area, by providing counselling, information, advice, food, clothing and other items through outreach and by any other charitable means.”

Spires meets these objectives through a range of services:

Housing and Homelessness (H&H)

Our H&H team delivered breakfast dropin services four times a week throughout the year. This included a new drop-in on Monday’s delivered in partnership with St Nicholas’ Church in Tooting.

Refugee Housing Support is provided by Spires under the umbrella of the H&H team. Spires have continued to deliver a weekly drop-in to newly-granted refugees in partnership with Croydon Refugee Day Centre.

Women’s Service

The Women’s Team have continued to deliver a weekly drop-in service for women who are impacted by homelessness. This is run in partnership with Refuge.

The team provided outreach to support women who are engaged in streetbased sex work. This is delivered via twice weekly nighttime outreach from the Spires car. In 2025, we added a daytime outreach session on foot.

Public Benefit

Welfare Advice

All Spires services and activities provide public benefit by preventing homelessness, improving health outcomes, and supporting people to achieve greater stability and independence.

Spires staff delivered welfare benefits support to patients who are vulnerable to homelessness within South London and the Maudsley’s (SLaM) acute psychiatric wards and community centres.

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Future Plans

In 2026, Spires will be entering the second year of its two year business plan. The focus of this plan is to Embed the model of multi-site working, Strengthen the support offer and ensure the organisation has the resources needed to Sustain this work.

Good progress has been made on Embedding our new multi-site model, and a Sustainable financial outlook, our focus is dedicated to continue to Strengthen our services. This will be achieved through dedicated work around creating and delivering trauma informed support, continuing to develop our internal quality controls and providing further specialist training to the team.

St Leonard’s Church Hall: For over 30 years St Leonard’s Church Hall in Streatham was Spires primary location and operated as a day centre. In 2024, we adapted to the new model but maintained a weekly presence at St Leonards where we delivered breakfast and support. This service continued throughout 2025.

St Leonard’s Church Hall will be closed for refurbishment in early 2026. We have taken the decision that this is the right time for us to step back from delivering services from St Leonard’s. Streatham remains an area with a significant need and one that holds a historic importance to Spires.

. Spires will be returning to deliver a service in Streatham from a new location

Farewell to St. Leonard’s Church Hall

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2. Achievements and Performance

2025 was a solid year for Spires, with the organisation meeting expectations and successfully embedding its multi-site delivery model across Streatham, West Norwood, Tooting, and Croydon while continuing to achieve positive outcomes for beneficiaries.

----- Start of picture text -----
ST. LEONARD’S CHURCH, STREATHAM
Housing & Homelessness Drop-In ST. LUKE’S CHURCH, WEST NORWOOD
Thursday mornings Housing & Homelessness Drop-In
Tuesday & Friday mornings
LAMBETH
WANDSWORTH
ELMFIELD HOUSE, STOCKWELL
Women’s Space
Thursday mornings
SOUTH LONDON & THE MAUDSLEY NHS TRUST
ST. NICHOLAS’S CHURCH, TOOTING Benefits Advocacy Inreach
CROYDON
Housing & Homelessness Drop-In
Monday mornings
CROYDON REFUGEE DAY CENTRE
Refugee Housing Drop-In
Tuesday afternoons
----- End of picture text -----

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What Spires Does

Across four services, Spires delivers at least five drop-ins and two outreach sessions every week yearound for people impacted by homelessness in our communities.

Every person who comes to a Spires drop-in or interacts with a support worker on outreach can receive:

----- Start of picture text -----
200,000 steps on
1381 cups of tea served at
daytime outreach which
our Rough Sleeper Space
was an expansion of our
and Women’s Space
Women’s Service in 2025.
----- End of picture text -----

----- Start of picture text -----
1478 volunteer hours Estimated
across our services
----- End of picture text -----*

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What Spires Achieved

In 2025 Spires supported 812 people across our services. Each client’s needs and journey are different but Spires does record core outcomes in specified areas. Headline outcomes from the year are:

Housing Health Support Inclusion

Financial Resilience

147 supported off the streets

36 supported to avoid eviction

69 supported to attend health appointments

28 supported to engage in drug and alcohol services

110 supported to start or maintain welfare benefits

22 supported to start work or training

39 supported to engage with mental health services

“I came to Spires in a moment of crisis and immediately felt at home and supported. I hadn’t spoken to anyone in a month but they were so kind and approachable that I didn’t feel like it.”

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The Difference Spires Made

“I was referred to Spires when I was in desperate need of accommodation, food and human contact. I was heartbroken, lonely and sad. They received me with open arms, provided me [with] food and toiletries. They treated me with so much kindness … They made several calls to connect me with people that helped me with accommodation.”

“Very friendly and helpful. Very knowledgeable on a wide variety of subjects. The e-tablet was very useful and a pleasant surprise. It was great to find that [Staff Member] understood high end autism very well, it's quite unusual.”

“Spires helped me mentally to give up alcohol and support me with giving up drugs. Spires helped me to find accommodation and I am really grateful.”

Spires Trustees’ Report 2024-25

“The support I received was amazing. The support workers really helped me change my life around. I am now in housing which a Spires support worker helped me to get. The team are amazing.”

“I came to Spires in a moment of crisis and immediately felt at home and supported. I hadn't spoken to anyone in a month but they were so kind and approachable that it didn't feel like it. The staff and volunteers are true angels.

I also received help from Spires when in Lambeth Hospital re benefits and housing, but this was also the time I felt most heard and understood, despite this not being his role.

I hope one day I'll be in a stable enough place to give back to this frontline organisation.

They even put me in touch with a mental health nurse who spoke to me for an hour.

I'm honestly not sure I'd still be here were it not for Spires' 8 support and hope.”

Gary’s Story

Spires' work with Gary illustrates how our multi-site model and core values combine to provide adaptive, continuous support as people move through different stages of exiting homelessness.

Gary is a man in his late thirties who loves to travel and previously studied in Europe. Before coming to us, Gary had been living in a dry house for over six months before being evicted following a relapse. He initially managed by paying for hostels, but as his money ran out he began sleeping rough and on night buses. Gary approached two other organisations for support but was turned away for not meeting their eligibility criteria. It was a former Spires client who recommended our services, and Gary came to our St. Luke's drop-in. This

is a testament to the trusted reputation we hold among people with lived experience of homelessness.

When Gary first presented at Spires, he had been sober for three days and was struggling with his mental health, including suicidal ideation. During his initial assessment, Spires staff raised their concerns with him directly and cocreated a plan to manage his living situation, while encouraging him to seek medical support. Through our

partnership with the START Team, Gary was able to access an Advanced Mental Health Nurse Practitioner at our dropin. This specialist support is available to all attendees, ensuring there is always a non-judgemental space for those who have been turned away elsewhere.

Gary's mental health continued to decline, and he volunteered to be sectioned at a SLAM hospital. This brought him into contact with another strand of Spires' work: our Benefits Advocacy in-reach service on the ward. Throughout his admission, the Spires team who had first supported Gary continued to check in with him by phone, while our SLAM in-reach Benefits Advocate helped him apply for a Freedom Pass, supported his homelessness application to the council, and connected him with the hospital's homelessness prevention team, who secured Gary a place in step-down accommodation upon discharge. Our multi-site model meant Gary experienced genuine continuity of care across every stage of his hospital stay.

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After his discharge, the council revoked their duty to house Gary, determining he did not meet their priority threshold. Spires support workers successfully appealed the decision on Gary’s behalf. They collated evidence and supporting statements from disparate agencies that had worked with Gary, including his care coordinator, drug and alcohol workers, hospital clinical teams, and previous housing provider to build a comprehensive picture of his engagement with support and his ongoing needs. Gary is now housed and receiving support.

Spires continues to support Gary's transition, working alongside his current support worker and providing the documentation and background from his appeal to ensure his new team has everything necessary to set him up for success. Gary's journey reflects what becomes possible when support is flexible, persistent, and built around the person, not the system.

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Stacey’s story

Stacey , a woman in her early thirties, first came to Spires in September 2025, in a moment of crisis when she was fleeing domestic violence. Stacey arrived at one of our Rough Sleepers' drop-ins, having spent the night in a hostel after police helped her to flee her partner during a mental health crisis. Recognising the complexity and urgency of her situation, Spires support workers immediately referred her to our Women's Space. Following her assessment there, Spires completed a referral to her local council, and Stacey was placed in temporary accommodation that same day. Spires’ flexible support model and quick action across Spires' support teams meant that Stacey never spent a night sleeping rough.

With Stacey's immediate housing needs resolved, the work of supporting Stacey's longer-term stability could begin. Stacey is a university student and has three children, but she has limited contact with them which is a source of distress for her. Furthermore, Stacey is a survivor of childhood sexual abuse and ongoing domestic violence, navigates multiple health issues, and had been acting as a carer to the partner she was fleeing. There are gendered dimensions to the causes and consequences of homelessness, and Spires' Women's Support Workers are trained to work with the specific needs of women who face homelessness and intersecting disadvantages.

Working alongside Community Anti-Social Behaviour Police, Stacey’s support worker safely retrieved her belongings, including her laptop, essential for continuing her studies, from the flat she had shared with her perpetrator. Spires then supported Stacey to maintain her Universal Credit and housing benefit while at university and helped her complete a PIP application to strengthen her financial security.

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Through Spires' partnership with the Gaia Centre, Stacey was linked with an Independent Gender Violence Advocate (IGVA) for specialised domestic violence support. The two organisations worked in tandem to submit a successful application for Stacey to move to a safer borough and provided her with practical and emotional support during police and court proceedings after she filed charges against her perpetrator.

Spires' work with Stacey is ongoing. Our Women Support Workers are connecting her with relevant healthcare providers to better manage her health and supporting her to navigate social services' processes to increase

in-person contact with her children, the most significant protective factor in reducing her risk of returning to homelessness. Stacey has already achieved increased phone contact with them. Spires' model of Assess, Support, Maintain means we stand alongside our clients throughout their journey to exit homelessness, from our initial crisis response to longer-term support that responds to the diverse factors which lead to their experience of homelessness .

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Our Volunteers

Spires would not be able to provide effective support and services to those impacted by homelessness without the time, effort, and support of our dedicated volunteers. In 2025, we had 13 volunteers, who between them, gave approximately 1,478 hours over the year serving tea and coffee, breakfast, and creating the welcoming atmosphere that Spires is known for.

During Volunteers Week 2025, we demonstrated our gratitude for our volunteers’ dedication to Spires with a celebratory lunch and certificate ceremony.

Tania, St. Nicholas’ Rough Sleepers Drop-in

I look forward to coming to volunteering with spires every Monday. It's the best start to my week, helping with breakfast for the local rough sleepers. Since I've started, it's helped me feel so much more connected to my local community and I think the relationships formed across all the service users and volunteers is a beautiful thing. Whether it's getting to help someone going through a rough patch, or just sharing a laugh and chat over a cup of tea I cherish this part of my routine not only because it feels like a positive contribution to others but also because it charges me with positive energy going into the rest of my week. Shout out to all the fulltime staff who work for spires and go above and beyond for the service users!!

Volunteers Week 2025 ‘Thank You’ Lunch

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Amanda, St. Luke’s Rough Sleepers Drop-in

Volunteering with Spires has been great. The Spires staff I have met have all been approachable and helpful. I need to mention Shirley in particular - she put me at ease and guided me in the volunteering role.

It has been a privilege to meet and support (albeit in a small way) some of the more vulnerable members of the local community and I have increased my understanding of some of the causes and issues around homelessness.

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3. Financial Review

In Memory of Fred Wellings

This year we were very grateful recipients of a legacy donation of £120,000 from Fred Wellings. Receiving a donation of this size is transformational for Spires, and trustees wanted to ensure it created the greatest long-term benefit for Spires’ beneficiaries. For this reason, trustees have designated the funds which will be spent over the coming years on areas we know will meaningfully strengthen and improve our services.

One key improvement planned for the next year is the purchase of a dedicated outreach van. This will replace our current leased car and significantly enhance our ability to deliver frontline outreach work, particularly our evening and late-night support for women engaged in sex work.

The Statement of Financial Activities

Records show an income of £801,796 (2024: £623,687) of which £372,795 (2024: £294,450) was restricted and £429,001 (2024: £329,237) was unrestricted. The total expenditure was £633,253 (2024: £596,514) of which £372,795 (2024: £294,450) was restricted and £260,458 (2024: £302,064) was unrestricted.

Net income for the year was £168,543 (2024: £27,173). This resulted in an increase in total funds at the end of 2025 to £485,368 from £316,825 in 2024, of which £50,000 (2024: £50,000) was restricted and £435,368 (2024: £266,825) was unrestricted.

Principal Funding Sources

During 2025 funding from a combination of grants from trusts and foundations, statutory and government grants, consultancy income and donations and legacies has enabled the continuation of Spires' services. Grants from trusts and foundations account for approximately 57% of our annual income.

As well as financial support, Spires receives other assistance (in-kind support from individuals, church communities, schools and community groups). Spires remains equally appreciative of this financial and in-kind support. A full list of our donors and supports can be found at the end of this report.

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Principal Financial Management Policies

Spires has a financial structure and model focussed on the need to sustain a breakeven position, supported by a prudent level of financial reserves.

Reserves Policy

Free reserves are unrestricted funds not invested in fixed assets or otherwise committed. The Trustees have established a policy of aiming to maintain free reserves of between three and six months of total resources expended, which equates to a figure of between £158,000 and £317,000.

In the current year the unrestricted reserves are £435,368. This includes £315,368 of free reserves and the £120,000 designated legacy reserve. Restricted Reserves of £50,000 are being held as an emergency fund to be used only to cover closing costs in the event that the organisation cease to operate.

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4. Structure, Governance and Management

----- Start of picture text -----
REEGAN KAY
JAYEESHA TANEJA Women’s Support Worker
Women’s Support Worker
WOMEN’S SERVICE ANDREW STEPHENSON SLAM Benefits Advisor
CHARMAINE COOMBS
Women’s Support Worker
PAMELA MHLOPHE
Head of Client Services KIT EVANS
Communications & Office Manager
DEVELOPMENT
SHIIRLEY HARPER
Housing & Homelessness Coordinator MATT WILSON
CEO
HELEN-MARIE FRAHER
Head of Fundraising & Communications
ROB MALKIN
Centre Support Worker
PAT WATTERS
HOUSING & HOMELESSNESS Tenancy Support Worker
BETH ALLWRIGHT
SPIRES 2025
Centre Support Worker
----- End of picture text -----

For an up-to-date organigram please refer to our website at www.spires.org.uk

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Governing Document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Spires is a private charitable company limited by guarantee, having no share capital, governed by its memorandum and articles of association. The liability of each member in the event of a winding up is £10. The charitable company does not use 'Limited' in its name by virtue of section 30 of The Companies Act 2006. The affairs of the company are managed by the Trustees who are obliged to meet at least four times a year for this purpose. The Trustees may number between three and ten.

Public Benefit

When planning activities, the trustees are satisfied that these activities are compliant with the Charity Commission’s guidance on public benefit.

Post of Trustee

Trustees are recruited through advertising followed by an application and interview. Subsequent appointment is by an ordinary resolution of the Board. Trustees are subject to periodic retirement and reappointment.

Trustee Induction and Training

New Trustees visit the Centre to meet staff, volunteers and clients and to understand the nature of Spires work. New Trustees are encouraged to shadow Spires' staff. Further skills training deemed necessary to undertake the role of Trustee is arranged in conjunction with Chair of Trustees and Chief Executive.

Management and Organisation

The Trustees meet every two months to coordinate the general strategy, direction and management of Spires, receiving detailed reports from Spires’ Chief Executive Officer and other officers as required. In addition, there is a subcommittee structure in place to progress critical areas of work with the day-today affairs of Spires that are delegated to the Chief Executive.

Risk Management

The trustees have assessed the major risks to which the charitable company is exposed and are satisfied that systems are in place to mitigate the exposure to those risks. An organisational risk register is held and reviewed by the risk subcommittee and board structure.

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5. Reference and Administrative Details

Registered Company Number: 03785409 (England and Wales) Registered Charity Number: 1076888

Governing Document

The Charity’s governing document is its Memorandum and Articles of Association, which were registered on 9 June 1999, amended on 12 July 2000, and amended by special resolution on 26 April 2017. The constitution was further amended on 4 February 2025 with the Charity Commission's approval, and these changes have now been fully filed with Companies House.

Registered office

2nd Floor, Elmfield House, 5 Stockwell Mews Lambeth SW9 9GX

Trustees

Alison Margaret Josling (appointed 2 February 2026) Christopher Nicholas Cattermole (appointed 1 December 2025) Fiona Richmond Fleur Swaney (resigned 1 December 2025) Ian Ko (appointed 6 October 2025) Natasha Roberts Rossana Rocchini Simonetta Di Benedetto

Independent Examiner

Charity Accountant 01732 807 482/ 0772 705 5016 www.charityaccountant.co.uk

shruti@charityaccountant.co.uk Company registered in England no. 09314304 Registered office: 117A St. Johns Hill, Sevenoaks TN13 3P

Bankers

NatWest, Brixton Branch, 504 Brixton Road, Stockwell SW9 8EW

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Spires’ Memberships & Partnerships

The Spires Centre is a member of:

Homeless Link NCVO Lambeth MARAC Lambeth VAWG Forum (Violence Against Women and Girls) Lambeth Sexual Exploitation Harm Panel (SEHP)

Women’s Resource Centre National Ugly Mugs

Service Partnerships:

Care4Calais Croydon Council Croydon Refugee Day Centre (CRDC) Croydon Reach Croydon Together – Croydon Voluntary Action

Emmaus SLC Glassdoor

Guy's and St Thomas' NHS Foundation Trust's Health Inclusion Team Job Centre Plus Kings College Hospital, Community Dentistry Team Lambeth Council Lorraine Hewitt House Refuge – GAIA Centre Safer Neighbourhood Team Salvation Army South London and Maudsley Hospital Southwark Law Centre SPEAR London START Team, South London and the Maudsley

St Luke’s Church, West Norwood

Spires’ service users were treated by King’s College Hospital Community Dentistry Team next to our drop-in at St. Luke’s Church, West Norwood.

St Nicholas Church, Tooting

Thames Reach The Lunch Club, Streatham

The Robes Project

Wandsworth Community Drug & Alcohol Support (WCDAS)

West Croydon Baptist Church Young Roots

Spires Trustees’ Report 2024-25 Spires Trustees’ Report 2024-25

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Spires’ Supporters & Funders

Community Supporters

We are very grateful to the organisations that have been generous supporters of Spires in the financial year:

Aviva Bishop Thomas Grant School Cassandra Centre City Harvest Earthlings Fareshare Glow for Good Horsnby House School Saltgate St James The Greater, Catholic Church, Thornton Heath St Luke’s Church, Battersea St Margaret’s Badminton Club, Tooting St Mark’s Church, Balham St Mary’s Church, Merton Stockwell Methodist Church Tesco

The Co-Op Wimbledon Foundation St Mary’s Merton

We would also like to extend our thanks to those donors who have chosen to remain anonymous.

Spires received 80% of profits from Earthlings’ print sale in May 2025.

Trusts & Foundations:

Spires is indebted and grateful to the people and funders who make our work possible. This year included:

Albert Hunt Alexandra Trust Caerlow Trust City Bridge Foundation Coopers Charity Croydon Council Drapers Highfields Trust Landaid Lambeth Council Lloyds Bank Foundation Stavros Niarchos Foundation The Mercers The Wimbledon Foundation Homelessness Fund Thrale Almshouse Worshipful Company of Chartered 21 Secretaries

Spires Trustees’ Report 2024-25 Spires Trustees’ Report 2024-25

Approved by order of the board of trustees on 17 June 2026 and signed on its behalf by:

………………………………………………. Ms Rossana Rocchini - Trustee

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Independent Examiner's Report to the Trustees of The Spires Centre

I report to the charity trustees on my examination of the accounts of the company for the year ended 30 September 2025 which are set out on pages 23 to 34.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Certified Chartered Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Shruti Soni FCCA ACIE Shruti Soni Ltd 117a St Johns Hill Sevenoaks TN13 3PL

Date 19 June 2026

The Spires Centre

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 30 September 2025

Unrestricted
Funds
Note
£
Income from:
2
373,646
39,822
1,300
14,233
429,001
14,878
3
181,559
57,769
6,252
260,458
-
168,543
Reconciliation of funds:
266,825
435,368
Total funds carried forward
Transfers between funds
Net movement in funds
168,543
Total funds brought forward
Tenancy Support - consultancy
Raising funds
Total expenditure
Net income / (expenditure)
Charitable activities
Women's Support Service
Donations and legacies
Charitable activities
Rough Sleeper Service
Tenancy Support
Investments - bank interest
Total income
Expenditure on:
Other trading activities		 Restricted
Funds
£
372,795
-
-
-
372,795
-
115,813
12,545
244,437
372,795
-
-
50,000
50,000
-		 2025
Total
Funds
£
746,441
39,822
1,300
14,233
801,796
14,878
297,372
70,314
250,689
633,253
-
168,543
316,825
485,368
168,543		 Unrestricted
Funds
£
277,004
37,932
136
14,165
329,237
2,465
73,564
62,592
163,443
302,064
-
27,173
239,652
266,825
27,173		 Restricted
Funds
£
294,450
-
-
-
294,450
-
203,580
-
90,870
294,450
-
-
50,000
50,000
-		 2024
Total
Funds
£
571,454
37,932
136
14,165
623,687
2,465
-
277,144
62,592
254,313
596,514
-
27,173
289,652
316,825
27,173

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 14 to the financial statements.

23

The Spires Centre Balance sheet

Company no. 03785409

As at 30 September 2025

Note
Fixed assets:
9
Current assets:
10
Liabilities:
11
14
Total unrestricted funds
Debtors
Restricted income funds
Unrestricted income funds:
Designated funds
The funds of the charity:
Creditors: amounts falling due within one year
Net current assets
Total net assets
Cash at bank and in hand
Tangible assets
General funds
Total charity funds		 £
40,096
471,751
511,847
33,273
120,000
315,368		 2025
£
6,794
6,794
478,574
485,368
50,000
435,368
485,368		 £
49,351
312,148
361,499
45,936
-
266,825		 2024
£
1,262
1,262
315,563
316,825
50,000
266,825
316,825

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustees' Responsibilities:

question in accordance with section 476

These financial statements, which have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), were approved by the Board on 17 June 2026 and signed on its behalf by:

Name: Rossana Rocchini Trustee

24

The Spires Centre Statement of cash flows

For the year ended 30 September 2025

Note
£
£
15
152,226
14,233
-
(6,856)
-
-
7,377
-
159,603
312,148
16
471,751
Cash flows from operating activities
Net cash provided by / (used in) investing activities
Net cash provided by / (used in) operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Proceeds from the sale of fixed assets
Purchase of property, plant and equipment
Proceeds from sale of investments
Purchase of investments
2025
Cash and cash equivalents at the beginning of the
year
Cash and cash equivalents at the end of the year
Net cash provided by / (used in) financing activities
Change in cash and cash equivalents in the year		 £
£
20,155
14,165
-
-
-
-
14,165
-
34,320
277,828
312,148
2024

25

The Spires Centre Notes to the financial statements

For the year ended 30 September 2025

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

The charitable company meets the definition of a public benefit entity under FRS 102.

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. In forming this opinion, they have considered income and expenditure for at least a period of twelve months from the date of approval of these financial statements.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Voluntary income including donations, gifts and legacies and grants that provide core funding or are of a general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when:

Investment income is recognised on a receivable basis.

Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions is recognised as earned (as the related goods or services are provided). Grant income included in this category provides funding to support advice/ performance activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

Unrestricted funds are donations and other incoming resources received or generated for the charitable Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

26

The Spires Centre Notes to the financial statements

For the year ended 30 September 2025

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

i) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

Where fixed assets have been revalued, any excess between the revalued amount and the historic cost of the asset will be shown as a revaluation reserve in the balance sheet.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

over 4 years

Investments are a form of basic financial instrument and are initially recognised at their transaction value

l) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

m) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

n) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

o) Pensions

The charity's contribution to employees' personal pension is charged to revenue on accrual basis.

27

The Spires Centre Notes to the financial statements

For the year ended 30 September 2025

Donations and legacies
Grants from trusts and foundations
Statutory and government grants
Donation in kind		 Unrestricted
£
220,638
147,680
2,828
2,500
373,646		 £
-
310,767
62,028
372,795
Restricted		 2025
Total
£
220,638
458,447
64,856
2,500
746,441		 2024
Total
£
102,230
357,497
109,087
2,640
571,454

Donation in kind include gifts of food and toiletries.

28

The Spires Centre Notes to the financial statements

For the year ended 30 September 2025

3 Analysis of expenditure

Fundraising fees and promotion
Direct operating expenses
Staff costs
Support costs:
Premises
Administration
Governance
Donation in kind
Total expenditure 2025
Total expenditure 2024		 Cost of
raising funds
2,906
-
11,972
-
-
-
14,878
2,465		 Rough
Sleeper
Service
-
18,158
211,495
44,461
11,860
11,398
297,372
277,144		 Tenancy
Support
-
3,303
47,884
10,885
2,832
2,910
2,500
70,314
62,592		 Women's
Support
Service
-
16,818
166,659
44,290
11,088
11,834
250,689
254,313		 Total 2025
2,906
38,279
438,010
-
99,636
25,780
26,142
2,500
633,253
596,514

Of the total expenditure, £260,458 was unrestricted (2024: £302,064) and £372,795 was restricted (2024: £294,450).

Analysis of expenditure (for previous year)

Fundraising fees and promotion
Direct operating expenses
Staff costs
Support costs:
Premises
Administration
Governance
Donation in kind
Total expenditure 2024		 Cost of
raising funds
2,465
-
-
-
-
-
-
2,465		 Rough
Sleeper
Service
-
10,129
196,325
48,555
7,019
12,476
2,640
277,144		 Tenancy
Support
-
2,284
43,765
11,598
1,784
3,161
62,592		 Women's
Support
Service
-
15,188
171,386
47,251
7,597
12,891
254,313		 Total 2024
2,465
27,601
411,476
-
107,404
16,400
28,528
2,640
596,514

29

The Spires Centre Notes to the financial statements

For the year ended 30 September 2025

This is stated after charging:

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Depreciation|1,324|8,066| |Operating lease rentals:| |Property|30,000|31,820|

----- End of picture text -----

Staff costs were as follows:

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Salaries and wages|384,846|359,858| |Social security costs|34,498|31,586| |Employer’s contribution to defined contribution pension schemes|18,666|20,032| |438,010|411,476|

----- End of picture text -----

No employee earned more than £60,000 during the year (2024: none).

The total employee benefits including pension contributions of the key management personnel were £170,808 (2024: £151,628).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs is nil (2024: £nil) relating to attendance at meetings of the trustees.

6 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |No.|No.| |Charitable activities|11|11| |11|11|

----- End of picture text -----

30

The Spires Centre Notes to the financial statements

For the year ended 30 September 2025

7 Related party transactions

Unrestricted donations received from the 2 trustees during the year £200 (2024: none).

No related party donations were received that fall outside the normal course of business, and no restricted donations were received from related parties.

8 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

9 Tangible fixed assets

10
Cost or valuation
Depreciation
Net book value
At 30 September 2025
At 1 October 2024
Disposals in year
All of the above assets are used for charitable purposes.
Eliminated on disposal
At 30 September 2025
At 30 September 2025
At 1 October 2024
Charge for the year
At 1 October 2024
Additions in year
Debtors
Trade debtors
Other debtors
Prepayments
Accrued income		 Furniture,
fittings &
Equipment
£
5,731
6,856
12,587
4,469
1,324
5,793
6,794
1,262
2025
£
15,317
-
15,280
9,499
40,096		 Total
£
5,731
6,856
-
12,587
4,469
1,324
-
5,793
6,794
1,262
2024
£
5,707
450
14,183
29,011
49,351

31

The Spires Centre Notes to the financial statements

For the year ended 30 September 2025

Accruals
Deferred income
Trade creditors
Taxation and social security
Other creditors		 2025
£
3,996
11,187
3,270
12,320
2,500
33,273		 2024
£
7,471
9,198
1,193
11,407
16,667
45,936

12 Deferred income

Deferred income comprises grants received in advance for the coming year

Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year
Tangible fixed assets
Analysis of net assets between funds
Net current assets
Net assets at the end of the year
2025
Net assets at the end of the year
Net current assets
2024		 General
unrestricted
£
6,794
308,574
315,368
General
unrestricted
£
266,825
266,825		 £
-
120,000
120,000
£
-
-
Designated
Designated		 2025
£
16,667
(16,667)
2,500
2,500
Restricted
£
-
50,000
50,000
Restricted
£
50,000
50,000		 2024
£
20,833
(20,833)
16,667
16,667
Total funds
£
6,794
478,574
485,368
Total funds
£
316,825
316,825

13 Analysis of net assets between funds

32

The Spires Centre Notes to the financial statements

For the year ended 30 September 2025

14 Movements in funds

Rough Sleeper Service
City of London
Streets of London
LandAid
London Borough of Lambeth
Refugee Drop In
Starvos Niarchos Foundation
Wimbeldon
Women's Support Service
Big Lottery Fund
Community Connections Fund
City of London
Streets of London
LandAid
London Borough of Lambeth
Refugee Drop In
Wimbeldon
Support Fund
Total restricted funds
General funds
Spires Legacy reserve
Total unrestricted funds
Restricted funds:
2025
Total funds
Unrestricted funds:
Designated funds:		 At the start
of the year
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
50,000
50,000
-
266,825
266,825
316,825		 Incoming
resources &
gains
£
50,000
6,540
4,360
7,726
8,720
16,667
21,800
125,000
24,308
44,100
6,791
4,527
8,022
9,054
22,635
12,545
372,795
120,000
309,001
429,001
801,796		 Outgoing
resources
& losses
£
(50,000)
(6,540)
(4,360)
(7,726)
(8,720)
(16,667)
(21,800)
(125,000)
(24,308)
(44,100)
(6,791)
(4,527)
(8,022)
(9,054)
(22,635)
(12,545)
(372,795)
-
(260,458)
(260,458)
(633,253)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 At the end of
the year
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
50,000
50,000
120,000
315,368
435,368
485,368

14 Movements in funds (continued)

Rough Sleeper Service
Big Lottery Fund
City of London
Women's Support Service
London Catalyst
London Community Fund
London Borough of Croydon
London Borough of Lambeth
Stavros Niarchos Foundation
Support Fund
Total restricted funds
General funds
2024
Restricted funds:
Unrestricted funds:
Total funds
Total unrestricted funds		 At the start
of the year
£
-
-
-
-
50,000
50,000
239,652
239,652
289,652		 Incoming
resources &
gains
£
163,580
40,000
6,500
10,510
30,000
3,860
40,000
-
294,450
329,237
329,237
623,687		 Outgoing
resources
& losses
£
(163,580)
(40,000)
(6,500)
(10,510)
(30,000)
(3,860)
(40,000)
-
(294,450)
(302,064)
(302,064)
(596,514)		 Transfers
£
-
-
-
-
-
-
-
-
-		 At the end of
the year
£
-
-
-
-
-
-
-
50,000
50,000
266,825
266,825
316,825

33

The Spires Centre Notes to the financial statements

For the year ended 30 September 2025

Purpose of designated funds

Trustees have designated the funds which will be spent over the coming years on areas we know will meaningfully strengthen and improve our services.

14 Movements in funds (continued)

Purpose of restricted funds

Big Lottery Fund: Restricted to core Costs

City of London: x2 Grants – £50,000 – Restricted to H&H and £44,100 restricted to the Women’s Service Streets of London: Restricted to H&H (Day Centre Activities)

Land Aid: Restricted to funding the support of clients under the age of 25

Refugee Drop In: Restricted to supporting newly granted Refugees who have a local connection to Croydon Wimbeldon: Restricted to H&H (Wandsworth )

Community Connections Fund: Restricted to the Women’s Service (Day Outreach) Lottery Fund Reaching Communities

London Catalyst: Homelessness London Community Fund: CEO Salary

London Borough of Croydon: Refugees homelessness and support London Borough of Lambeth: Restricted to advice services for people in Lambeth Stavros Niarchos Foundation: Restricted to H&H

Support Fund: I believe this is the restricted reserve for winding down Spires if needed.

15 Reconciliation of net income / (expenditure) to net cash flow from operating activities

Net income / (expenditure) for the reporting period
(as per the statement of financial activities)
Depreciation charges
Dividends, interest and rent from investments
(Profit)/loss on the disposal of fixed assets
Decrease/(Increase) in debtors
(Decrease)/Increase in creditors
Net cash provided by / (used in) operating activities		 2025
£
168,543
1,324
(14,233)
-
9,255
(12,663)
152,226		 2024
£
27,173
8,066
(14,165)
545
(1,515)
51
20,155
Cash at bank
Total cash and cash equivalents		 At 1 October
2024
£
312,148
312,148		 Cash flows
£
159,603
159,603		 Other
changes
£
-
-		 £
471,751
471,751
At 30
September
2025

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

34

020 8696 0943 www.spires.org.uk

Working with people impacted by homelessness in south London since 1990.