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2021-03-31-accounts

NOMAD OPENING DOORS

REGISTERED IN ENGLAND AND WALES UNDER COMPANY NUMBER 3846994 REGISTERED CHARITY NUMBER 1078089

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2021

TINGLE ASHMORE LTD

CHARTERED ACCOUNTANTS AND REGISTERED AUDITORS

SHEFFIELD

NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2021

INDEX

Page
Legal and administrative information 1
Trustees' annual report 2-6
Independent examiner's report 7
Statement of financial activities and income and expenditure account 8
Balance sheet 9
Notes to the financial statements 10-19

NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2021

LEGAL AND ADMINISTRATIVE INFORMATION

Name and principal address Nomad Opening Doors
Blades Enterprise Centre
John Street
Sheffield
S2 4SW
Company number 3846994
Charity number 1078089
Trustees Lisa Smith
Marta Weglinska
Luke Morton
Pat Niblett
Chris Sterry
Kevin Mclean - resigned 7th Apr 2020
Company Secretary Stephen Rundell - appointed 13th May 2020
Francesca Ferris-Ockwell - resigned 13th May 2020
Key management personnel Stephen Rundell Chief Executive Officer
(from May-20)
Francesca Ferris-Ockwell Chief Executive Officer
(to May-20)
Karen Awdhali Head of Services
Natalie Blake Business Support Manager
(to Apr-20)
Bankers Co-operative Bank Plc COIF Charity Funds
West Street 80 Cheapside
Sheffield London
S1 2SX EC2V 6DZ
Accountants and independent examiners Tingle Ashmore Ltd
Enterprise House
Broadfield Court
Sheffield
S8 0XF

Page 1

NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2021

TRUSTEES' ANNUAL REPORT

The trustees present their annual directors' report and the unaudited financial statements of the charity for the year ended 31st March 2021 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

Objectives and Activities

Purposes and aims

Our charity's purposes are as set out in the objects of the company, which are to relieve poverty and, in particular, need amongst homeless persons in the City of Sheffield and elsewhere without distinction of race, sex, sexual orientation, age, nationality, disability, or political or religious beliefs, by the provision of temporary hostel accommodation and ancillary advice and support services. The original organisation was formally constituted in 1989.

The aims of our charity are: to offer advice, support and practical help to homeless or inadequately housed people and to those threatened with homelessness and these aims fully reflect the purposes that the charity was set up to further.

Ensuring our work delivers our aims

Nomad Opening Doors (herein referred to as Nomad) staff and Trustees review the company's aims, objectives and activities each year. We consider what we have achieved against the targets we set and the outcomes of our work in the previous 12 months. We analyse the success of each key activity through Nomad's projects and the benefits they have brought to those groups of people we are set up to help. The review also helps us to ensure that our aims, objectives and activities remain focused on our stated purposes.

Public benefit

We confirm that the trustees have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Charity Commission. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

The focus of our work

Our objectives are:

We do this by:

How our activities deliver public benefit

Our main activities and who we try to help are described below. All our charitable activities focus on supporting people who are homeless or threatened with homelessness and are undertaken to further our charitable purposes for the public benefit.

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NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2021

TRUSTEES' ANNUAL REPORT

Who uses and benefited from our services

We continue to work with people who are homeless or vulnerably or inadequately housed. Those in housing need who have used our services in this accounting year were all aged over 16. The people using our service included many people from communities who face additional challenges, including refugees, people from ethnic minority groups, people with a history of offending behaviour, people with health issues and disabilities, people fleeing violence and abuse, young people leaving care, prison, hospital, or the armed forces, people with learning difficulties and LGBT+ people.

Achievements and Performance

Nomad continues to work towards these high-level objectives:

  1. Improve the supply, standard, affordability and security of housing for low income client groups in Sheffield and the wider Sheffield City Region.

  2. Learn from the wider sector and integrate partnership working, innovation and good practice into our approach to enable us to continue to work with homeless clients and to ensure we are at the forefront of change in commissioning and policy decisions.

  3. Diversify income streams through fundraising and trading activities to ensure sustainability and reduce dependence on grant funding

Achievements 2020-21

2020-21 will long be remembered, with sadness by many, with shock, surprise even disbelief by others. It was a year that will forever be defined by Covid 19, the horrible coronavirus that blighted the world. It was a year that brought out the worst in some with supermarkets running out of produce in the early months, and the best in others with NHS staff and other key workers stepping up to keep the country going and to keep essential services running.

I took up my post as CEO in May 2020 in the heart of lockdown and witnessed first-hand, Nomad’s dedicated staff stepping up to ensure that all services provided by Nomad continued. After all, a viral epidemic will do nothing to reduce homelessness. Indeed, Covid 19 served only to increase the risk of homelessness for many in Sheffield.

With modifications to working practices and periods of staff rotation in offices, Nomad worked through the entire year providing not only “business as usual” but expanding. The organisation grew and developed throughout the year taking welcome opportunities to secure extra funding to support work through the national crisis. With that support, we brought a range of back office functions in house and reviewed the staff structure bringing in a Finance Manager to strengthen the Senior Management Team, a full time Fundraising and Communications Coordinator to focus on income generation and reputational development across South Yorkshire and later in the year, an Agency Coordinator to develop the work of our newly launched social lettings agency.

The launch of the lettings agency, Four Trees Lettings, was perhaps the riskiest development of the year. We discussed delaying the launch until the lifting of lockdowns and the end of the epidemic, but given the fact that the demand for Nomad services had never waned, we decided the risk was worth taking.

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NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2021

TRUSTEES' ANNUAL REPORT

It has grown steadily through the year in a controlled manner. By the end of the financial year the agency was managing 27 beds across 5 properties and as I write in August 2021 the agency is managing 45 bed spaces across Sheffield. The launch has given Nomad a great deal more control over the standard of the properties in which our clients are housed. We now have the opportunity to work more closely with landlords, supporting them to maintain their properties to a high standard and at the same time dispelling myths about our client group so that conscious and unconscious bias is reduced within the private rented environment. And on top of this, our Housing Officers and our Development and Progression Worker can continue to work with clients housed through Four Trees Lettings, offering them ongoing though less intensive support. We are confident that the Agency has a bright future and will be able to contribute financially to Nomad, the parent charity, and the wider projects and services provided.

The two key pillars of our work continue alongside the lettings agency, complementing and enhancing its work. Our Training Flats (supported housing) provision worked with 36 people in this financial year giving them a much needed opportunity when all other avenues seemed to be closed to them. Housing Officers meet with clients on a weekly basis to develop a supportive relationship and deal with practical housing and financial matters. And with this came the ongoing asset based support provided by our Development and Progression Worker.

I would like to thank all those trusts, organisations and individuals who have supported us financially, with gifts in kind or through giving generously of their time over the past year. A special word of thanks to our two largest funders – The Community Fund (Big Lottery) and Tudor Trust.

I hope you will find this report of interest and of value in enabling you to understand the work of Nomad in this difficult year and challenges that have been faced by the Third Sector as we work to address the scourge of homelessness.

Changes to the Board of Trustees.

In 2020-21 we said goodbye to Marta Weglinska a finance and accounting expert who brought that knowledge and her eye for detail to meetings and to the annual accounts and all matters connected with finance.

Many thanks to all Board members for their support and commitment and a special word of thanks to our Chair Luke who steered the Nomad ship through a difficult year.

2021-22 will see recruitment to and expansion of the Board with a focus on diversity and inclusivity. We look forward to welcoming new members and to further strengthening our governance structures.

Financial review

Nomad’s position at the end of the financial year remains strong with the organisation performing better than budgetary predictions.

The backbone of this stability continues to be the National Lottery Community Fund grant, the second year of which ended on 31st March 2021. On top of this a significant three year grant from the Tudor Trust was secured in year, which is adding to financial strength.

The Four Trees Lettings Agency, Nomad’s trading arm, was launched in the summer of 2020 with financial predictions estimating that it will generate a surplus in excess of £15,000 to be used to further strengthen and support delivery and development.

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NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2021

TRUSTEES' ANNUAL REPORT

Reserves Policy

The trustees have reviewed the charity's needs for reserves in line with the guidance issued by the Charity Commission. Having reviewed its requirements and taking into account any costs that would be incurred should the charity cease to exist, the Trustees have determined that the minimum level of reserves held should be £75,008. Furthermore, they agree that the minimum level of reserves held should be at least 3 months operating costs.

This level will be reviewed on an annual basis to ensure that this remains an appropriate minimum level. At the year end total funds were £186,932, of which £8,371 were restricted funds and £178,561 were unrestricted funds. Reserves at 31st March 2021 were £169,498.

Going Concern

The Trustees confirm that in their opinion Nomad is a going concern and will continue to be so for at least the next financial year. A Finance Manager has been recruited to develop and monitor all financial procedures to ensure financial sustainability. On top of this, a full three year budget is being compiled.

Structure, Governance and Management

Governing Document

Nomad is a company limited by guarantee and a registered charity. The company was incorporated on 23rd September 1999 and registered as a charity on 8th November 1999.

Nomad's articles were revised in July 2018 to bring them up to date. Previously the charity's constitution was divided into two documents, the Memorandum of Association and the Articles of Association. For companies registered since 2009, all constitutional provisions are bundles into a single document, the Articles of Association. As Nomad Opening Doors was registered prior to 2009, its constitution has this old-style, two document layout. As a result of this review, we now have a governing document which is easier to read and navigate.

A minor amendment to the charitable objects was also made in March 2018 to include the words 'in particular' which is illustrative, rather than limiting.

Company Status

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of a winding up. The total number of such guarantees at 31st March 2021 was 5.

The Trustees are members of the charity, but this entitles them only to voting rights. The Trustees have no beneficial interest in the charity.

All Trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 11 to the accounts.

Recruitment and Appointment of Trustees

Trustees are recruited through various means. Initial contact is through the CEO who will meet the enquirer and discuss with them the requirements of the role, as well as giving them a Trustees Information Pack. Nomad's Trustees are appointed by election with approval of the Board. One third of the members of the Trustees must retire by rotation but may stand for re-election. Other members can be co-opted during the year.

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NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2021

TRUSTEES' ANNUAL REPORT

Organisational Structure

Each of Nomad's projects is managed by the Head of Services, who is line-managed by the CEO.

Decisions for the charity are normally taken at Trustee meetings. The CEO and Finance Manager present operational and financial reports/information. The CEO convenes monthly SMT meetings to review all operations.

Trustees' responsibilities statement

The Trustees (who are also directors of Nomad Opening Doors for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping adequate accounting records that 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.

This report has been prepared taking advantage of the small companies exemption of section 415A of the Companies Act 2006.

The Annual Report was approved by the trustees on 15th September 2021 and signed on their behalf by

…………………………………………… Luke Morton (Chair) Trustee

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NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2021

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

NOMAD OPENING DOORS

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31st March 2021 which are set out on pages 8 to 19.

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 charity 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 charity’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 charity’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 Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material 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 charity 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.

…………………………………………… Brendan Ashmore ACA Tingle Ashmore Ltd Chartered Accountants & Registered Auditors Enterprise House Broadfield Court Sheffield S8 0XF

Dated: 15th September 2021

Page 7

NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT

Unrestricted Restricted Total Total
funds funds funds funds
Notes 2021 2021 2021 2020
£ £ £ £
Income from:
Donations and legacies
Donations 6,851 300 7,151 1,434
Core grants 49,529 - 49,529 -
Charitable activities 2
Smart Steps 207,285 166,049 373,334 337,201
Personal Transitions Service - 5,556 5,556 63,833
Investment income
Bank interest receivable 75 - 75 586
_ _ _ _
Total income 263,740 171,905 435,645 403,054
_ _ _ _
Expenditure on:
Raising funds 221 - 221 290
Charitable activities 3
Smart Steps 216,163 181,903 398,066 346,327
Personal Transitions Service - 14,338 14,338 57,751
Housing First Pilot Project - - - 2,375
_ _ _ _
Total expenditure 216,384 196,241 412,625 406,743
_ _ _ _
Net income/(expenditure) for the year 5 47,356 (24,336) 23,020 (3,689)
Total funds brought forward 131,205 32,707 163,912 167,601
_ ______ _ _
Total funds carried forward £178,561 £8,371 £186,932 £163,912
_
_		 __
____		 _
_		 _
_

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

BALANCE SHEET

Notes 2021 2020
£ £
Fixed assets
Tangible assets 8 10,742 712
______ ___
Current assets
Stocks 1,349 -
Debtors 9 40,190 33,690
Cash at bank and on hand 164,027 172,904
_ _
205,566 206,594
Creditors - amounts falling due within one year 10 29,376 43,394
_ _
Net current assets 176,190 163,200
_ _
Net assets £186,932 £163,912
_ _
_ _
Charity funds
Unrestricted funds 14 178,561 131,205
Restricted funds 14 8,371 32,707
_ _
Total funds 13 £186,932 £163,912
_
_		 _
_

For the year ending 31st March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees' responsibilities:

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

These financial statements were approved and authorised for issue by the Board on 15th September 2021 and signed on their behalf by

……………………………. Lisa Smith Trustee

……………………………. Pat Niblett Trustee

Company number: 3846994

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NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

NOTES TO THE FINANCIAL STATEMENTS

(a) General information and basis of preparation

Nomad Opening Doors is a company limited by guarantee registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements.

The charity constitutes a public benefit entity as defined by FRS 102. These financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard application in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £.

The charity has applied the exemption available to small charities in the Charities SORP (FRS 102) and does not include a Statement of Cash Flows in these financial statements.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The Trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

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 amount of assets and liabilities within the next reporting period.

(c) Income

All income is accounted for as soon as the charity has entitlement to the income, there is certainty of receipt and the amount can be measured.

Income is only deferred when:

Grants receivable

Grants received for specific purposes are accounted for as restricted funds. Grants are not recognised as receivable until all conditions for receipt have been complied with. Where donor imposed restrictions apply to the timing of the related expenditure, as a pre-condition for its use, the grant is treated as deferred income until those restrictions are met.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Page 10

NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

NOTES TO THE FINANCIAL STATEMENTS

(d) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably

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

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 4.

Tangible fixed assets are stated at cost less depreciation. Depreciation is calculated to write down the cost, less any residual value, of the fixed assets over their expected useful lives. The rate used is as follows:

Office fixtures and equipment

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

(h) Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for impairment of debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of receivables.

Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

(j) Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme for its employees. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

(k) Accrued Holiday Pay

Provision is made at the balance sheet date for holidays accrued but not taken, at the salary of the relevant employee at that date. The expected cost of compensated short-term absence (i.e holidays) is charged to the SOFA on an accruals basis.

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NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

NOTES TO THE FINANCIAL STATEMENTS

Termination benefits are payable when employment is terminated before the normal retirement date, or whenever an employee accepts voluntary redundancy in exchange for these benefits. The charity recognises termination benefits when it is demonstrably committed to either (i) terminating the employment of current employees according to a detailed formal plan without possibility of withdrawal or (ii) providing termination benefits as a result of an offer made to encourage voluntary redundancy.

Unrestricted Restricted Total
funds funds funds
2021 2021 2021
£ £ £
2 Income from charitable activities
Smart Steps
Housing management 200,029 - 200,029
National Lottery Community Foundation - 144,736 144,736
South Yorkshire Community Fund (Weselyan
Foundation) - 10,000 10,000
Crisis - 5,000 5,000
Tudor Trust - 2,000 2,000
Other 7,256 4,313 11,569
_ _ _
Subtotal 207,285 166,049 373,334
_ _ _
Personal Transitions Service
Tudor Trust - 5,556 5,556
___ _____ _____
Total £207,285 £171,605 £378,890
_ _ _
_ _ _
Unrestricted Restricted Total
funds funds funds
2020 2020 2020
£ £ £
Prior year comparison:
Smart Steps
Housing management 216,114 - 216,114
National Lottery Community Foundation - 116,447 116,447
Other 4,640 - 4,640
_ _ _
Subtotal 220,754 116,447 337,201
_ _ _
Personal Transitions Service
Tudor Trust - 33,333 33,333
Sheffield City Council Tackling Inequalities Fund - 30,500 30,500
___ ______ ______
Subtotal - 63,833 63,833
___ ______ ______
Total £220,754 £180,280 £401,034
_
_		 _
_		 _
_

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NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

NOTES TO THE FINANCIAL STATEMENTS

Personal
Smart Transitions
Steps Service Total
2021 2021 2021
£ £ £
3 Expenditure on charitable activities
Direct costs:
Staff costs 125,092 - 125,092
Project costs 19,652 97 19,749
Housing expenses 78,217 - 78,217
Support costs (see note 4) 171,085 14,241 185,326
Governance costs (see note 4) 4,020 - 4,020
_ ______ _
£398,066 £14,338 £412,404
_ ______ _
_ ______ _
2021 2020
£ £
Unrestricted expenditure 216,163 172,552
Restricted expenditure 196,241 233,901
_ _
£412,404 £406,453
_ _
_ _
Personal Housing
Smart Transitions First Pilot
Steps Service Project Total
2020 2020 2020 2020
£ £ £ £
Prior year comparison
Staff costs 94,378 50,067 2,319 146,764
Project costs 9,261 2,612 51 11,924
Housing expenses 76,347 - - 76,347
Support costs 163,941 5,072 5 169,018
Governance costs 2,400 - - 2,400
_ ______ _____ _
£346,327 £57,751 £2,375 £406,453
_
_		 __
____		 _
___		 _
_

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NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

NOTES TO THE FINANCIAL STATEMENTS

Support Governance Total
2021 2021 2021
Basis of apportionment £ £ £
Staff costs Time spent 122,688 - 122,688
Office costs Floor area 28,244 - 28,244
Accommodation Floor area 34,394 - 34,394
Accountancy Governance - 2,100 2,100
Legal fees Governance - 1,920 1,920
_ _____ _
£185,326 £4,020 £189,346
_ _____ _
_ _____ _
Prior year comparison
Support Governance Total
Staff costs Time spent 105,879 - 105,879
Office costs Floor area 35,206 - 35,206
Accommodation Floor area 27,933 - 27,933
Accountancy Governance - 2,400 2,400
_ _____ _
£169,018 £2,400 £171,418
_ _____ _
_ _____ _
2021 2020
£ £
5 Net income/(expenditure) for the year
This is stated after charging:-
Accountant's remuneration
Tingle Ashmore Ltd - accounts preparation 1,800 -
- independent examination 300 -
Slade & Cooper Ltd - accounts preparation - 1,700
- independent examination - 300
- other - 400
Depreciation 3,104 -
_
___		 _
___

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NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

NOTES TO THE FINANCIAL STATEMENTS

2021 2020
£ £
6 Analysis of staff costs, trustee remuneration and expenses, and the cost
of key management personnel
Wages and salaries 217,478 211,184
Employer's national insurance 14,304 15,468
Employer's pension contributions 11,813 11,982
Redundancy 1,459 -
Training and other staff costs 2,726 14,009
_ _
£247,780 £252,643
_ _
_ _
Allocated as follows:
Charitable activities 125,092 146,764
Support costs 122,688 105,879
_ _
£247,780 £252,643
_
_		 _
_

No employees had employee benefits in excess of £60,000 in either year. The average number of staff employed was 8 (2020 - 9).

The key management personnel of the charity comprise the Trustees, Chief Executive, the Head of Services and the Finance & Funding Manager (Business Support Manager). The total employee benefits of the key management personnel were £94,742 (2020 - £109,528).

The trustees were not paid or received any other benefits from employment with the charity in either year. No expenses were reimbursed to trustees in either year.

7 Related party transactions

There were no related party transactions requiring disclosure in either year.

8 Tangible assets

Tangible assets
Office
equipment
£
Cost
As at 1st April 2020 3,805
Additions 13,134
______
As at 31st March 2021 16,939
______
Depreciation
As at 1st April 2020 3,093
Charge for the year 3,104
_____
As at 31st March 2021 6,197
_____
Net book value
As at 31st March 2021 £10,742
__
____

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NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

NOTES TO THE FINANCIAL STATEMENTS

2021 2020
£ £
9 Debtors
Trade debtors 16,213 19,538
Prepayments and accrued income 13,176 14,152
Amount due from subsidiary undertaking 10,801 -
______ ______
£40,190 £33,690
______ ______
______ ______
10 Creditors - amounts falling due within one year
Trade creditors 13,035 9,991
Taxation and social security 4,704 9,321
Deferred income 2,399 11,391
Other creditors and accruals 9,238 12,691
______ ______
£29,376 £43,394
______ ______
______ ______
11 Deferred income
Balance at 1st April 2020 11,391 5,555
Released to income from charitable activities (11,391) (5,555)
Amount deferred in the year 2,399 11,391
______ ______
Balance at 31st March 2021 £2,399 £11,391
______ ______
______ ______
12 Operating lease commitments
The charity had operating leases at the year end with total future
minimum lease payments as follows:
Amount falling due:
Within 1 year - 8,352
___ _____
___ _____
13 Analysis of net assets between funds
Total funds are invested as follows
General Restricted Total
funds funds funds
£ £ £
Tangible fixed assets 9,063 1,679 10,742
Net current assets 169,498 6,692 176,190
_ _____ _
Net assets £178,561 £8,371 £186,932
_ _____ _
_ _____ _
Prior year comparison:
Tangible fixed assets 712 - 712
Net current assets 130,493 32,707 163,200
_ ______ _
Net assets £131,205 £32,707 £163,912
_
_		 __
____		 _
_

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NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

NOTES TO THE FINANCIAL STATEMENTS

14 Analysis of movements in charity funds

Balance at Movement in resources Movement in resources Balance at
1st April Incoming Outgoing 31st March
2020 2021
£ £ £ £
Unrestricted funds:
General funds 131,205 263,740 (216,384) 178,561
_ _ _ _
Restricted funds:
Smart Steps
National Lottery Community Foundation 22,365 144,736 (167,101) -
South Yorkshire Community Fund (Weselyan
Foundation) - 10,000 (10,000) -
Crisis - 5,000 (1,943) 3,057
Tudor Trust 2,000 (2,000) -
Other - 4,613 (859) 3,754
______ _ _ _____
22,365 166,349 (181,903) 6,811
______ _ _ _____
Personal Transitions Service
Tudor Trust 1,870 5,556 (7,426) -
Sheffield City Council Tackling Inequalities
Fund 5,247 - (5,247) -
Frontline Network Ideas Fund 3,225 - (1,665) 1,560
______ _____ ______ _____
10,342 5,556 (14,338) 1,560
______ _____ ______ _____
Total restricted funds 32,707 171,905 (196,241) 8,371
______ _ _ _____
Total funds £163,912 £435,645 £(412,625) £186,932
_
_		 _
_		 _
_		 _
_

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NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

NOTES TO THE FINANCIAL STATEMENTS

14 Analysis of movements in charity funds (continued)

Prior year comparison:

Prior year comparison:
Balance at Movement in resources Transfers Balance at
1st April Incoming Outgoing 31st March
2019 2020
£ £ £ £ £
Unrestricted funds:
General funds 145,397 222,374 (234,191) (2,375) 131,205
_ _ _ _____ _
Restricted funds:
Smart Steps
National Lottery Community
Foundation 17,944 116,447 (112,026) - 22,365
Other - 400 (400) - -
______ _ _ ___ ______
17,944 116,847 (112,426) - 22,365
______ _ _ ___ ______
Personal Transitions Service
Tudor Trust - 33,333 (31,463) - 1,870
Sheffield City Council Tackling
Inequalities Fund - 30,500 (25,253) - 5,247
Frontline Network Ideas Fund 4,260 - (1,035) - 3,225
_____ ______ ______ ___ ______
4,260 63,833 (57,751) - 10,342
_____ ______ ______ ___ ______
Housing First Pilot Project
Housing First - - (2,375) 2,375 -
___ ___ _____ _____ ___
Total restricted funds 22,204 180,680 (172,552) 2,375 32,707
______ _ _ _____ ______
Total funds £167,601 £403,054 £(406,743) £- £163,912
_
_		 _
_		 _
_
_
_

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NOMAD OPENING DOORS

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

NOTES TO THE FINANCIAL STATEMENTS

Description, nature and purposes of restricted funds

National Lottery Community Foundation - Grant funding to support the Smart Steps programme which assists 18-35 year olds to move into private rented accommodation or into training flats to prepare for independent living in private rented accommodation.

Crisis - Grant received to cope with telephone interpreting costs and increased staff costs during Covid.

Tudor Trust and Sheffield City Council Tackling Inequalities Fund- Grant funding towards the cost of an asset coach, to provide strengths based support to people transitioning out of homelessness. This project forms part of the Personal Transitions Service, a national pilot with Mayday Trust and several other organisations who are working towards a new way of supporting people going through homelessness to develop resilience and personal assets.

Frontline Network Ideas Fund - Grant fund to pay for counselling sessions for people working with an asset coach.

Housing First - Payment from Cathedral Archer Project (CAP) where Nomad were subcontractors to CAP on a Sheffield City Council commissioned Housing First Pilot Project.

funds is as follows:
Unrestricted Restricted Total
funds funds funds
£ £ £
Income from:
Donations 1,034 400 1,434
Charitable activities:
Smart Steps 220,754 116,447 337,201
Personal Transitions Service - 63,833 63,833
Investment income:
Bank interest receivable 586 - 586
_ _ _
Total income 222,374 180,680 403,054
_ _ _
Expenditure on:
Raising funds 290 - 290
Charitable activities
Smart Steps 233,901 112,426 346,327
Personal Transitions Service - 57,751 57,751
Housing First Pilot Project - 2,375 2,375
_ _ _
Total expenditure 234,191 172,552 406,743
_ _ _
Net income/(expenditure) for the year (11,817) 8,128 (3,689)
Transfer between funds (2,375) 2,375 -
______ ______ _____
Net movement in funds £(14,192) £10,503 £(3,689)
__
____		 __
____		 _
___

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