REGisfERED COMPANY NUMBER: 3928334 (England and Wales) REGISTERED CHARITY NUMBER: 1080443 Report of the Trurtees and Unaudlted Flnan¢lal Statements for the Year Ended 3tst March 2024 for Wlnchester Churches NIBhtshelter IA Company Urnlted by Guarantee) operatlng as The Wlnchester Beacon
Wlnchester Churches Nl8htshelter operatlng as The Wlnchester Beacon Contents of the Flnanclal Statements for the Year Ended 31st March 2024 Pa8e Report of the Trustees Independent Examlner's Report ststement of Flnan¢lal ACtItIeS io Balance Sheet 11 to 12 Cash Flow statement 13 Notes to the Cash Flow Statement 14 Notes to th¢ Flnanclal Statements 15 to 23 Detslled Statement of Flnanclal Actlvltle$ 24 to 25
Wlnchester Churches Nightshelter operating as The Winchester Beacon Report of the Trustees for the Year Ended 31st March 2024 The trustees who are also directors of the charity for the purposes of the Companles Act 2CKJ6, present to the members the financial statements of the Winchester Churches Nlghtshelter IWCNS - operating a5 The Wlnchester Beacon) for the year ended 31st March 2024. together with their report. The trustees have adopted the provisions of Accountin8 and Reporting by Charities: Statement of Recommended Prartlce applicable to charities preparing their accounts in accordance wlth the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 effectlve January 2019. In preparin8 this report, the directors have taken advantage of some of the special exemptlons applicable to small organlsations. OBJECTIVES AND ACTIVITIES Ob}ertlves and alms We are a company Ilmlted by guarantee and a reglstered charlty whose oblett and prlnclpal actlvlty Is the provision of accommodation and 5UPPOrt to those experienclng homelessness in Winchester and the surrounding areas. We have supported thousands of people to escape homelessne55 since we began operatlng In 1988. Initially providin8 emergency accommodation from temporary bulldlngs, In 1997 we moved to our maln premises on Jewry Street In Winchester. In more recent years, we have added three off-site properties whlch means that we now support and aceommodate 22 resldents at any one time. Our vision 15 to transform Ilves, Insplre hope and end homelessness, and our mission is to help break the cycle of homelessness by enabling people to rebuild thelr live5 throu8h Independent IlvSng. Since 2021 we have been usin8 the tradlng name, The Wlnchester Beacon, whlch better reflects the full extent of our work, We are open day and nlght to our re51dents as well as provldln8 Out of hours support to people sleeplng roL*8h or In need of help. Each resident works one-to-one wlth one of our Support Workers and Is Blven the opportunlty to access a wlde range of personallsed support focused on Improvln8 thelr mental and physical wellbelng, Residents are encourased to identlfy thelr goals and work towards them as they plece together their Ilves. Gulded by our values, we alm to be honest and open, treatlng everyone th klndness and respect, wlthout preludlce or dlscrlmlnation. We focus on belng safe and 5LlPPOrtlve, provldlng a horne where resldents can be comfortable and secure whllst acce551n8 help and rebulldlng self-bellef. We are flexlble and carln8 whllst worklng closely together wlth staff, volunteers, resldents and other organlsatlons In the local communlty. We work to support our resldents to navlgate thelr way out of homelessness and enable them to move to longer-term accommodatlon. There Is not a set tlmeframe for thls, It depends on the needs and circumstances of the resldent and the avallabillty of sultable accommodatlon. Our support can contlnue after a resldent moves out, we can be a hand to hold as they set up and begln thelr new Ilfe. This reassurance and support can be vltal In preventin8 a return to homelessness In the future, We conslder that the welfare of every Indlvldual Is paramount, and we a commltted to 5afe8uardlng and ensurln8 the wellbelng of all resldents, employees, and volunteers. Page I
Winchester Churches Nightshelter operatlng as The Wlnchester Beacon Report of the Trustees for the Year Ended 31st March 2024 OBJECTIVES AND ACTIVITIES Annual Revlew Our residents are often fa¢lng multiple dlsadvantages and deallng wlth their own unique set of circumstances. They may be coping with a relationship breakdown, unemployment, addiction issues, problems With thelr mental or physical health or have financial problems. Often our sIdentS find themselves homeless as a result of circumstances beyond their control. They may have been forced to sleep rough, 51epl In a car, sola surfed, or they are able to stav with us before It gets to this stage. Trauma can play a significant role In homelessness, our stsff take a trauma-lnformed approach to their support, care and interactions to provlde person<entred emotional and practical help to confront the issues they are facing that could be a barrier to independent Ilvlng. Every resldent has access to one-to-one personal support. each havln8 very dlfferent requlrements to prepare them for Independent Ilvlng, We help resldents to regain theSr self-belief at the same time as offering them hope. Every one of our staff team15 committed to providing an Inclusive, compassionate, safe, carln& and non-judgemental temporary home. Our support servlces are designed to glve resldents the confldence and encouragement they need to use thelr own strengths and skills to establish a new life. Resident5 have free access to counselllng and psychotherapy,. budgetlng and flnancSn8 trainin8,' housin8, tenancy and employment advice,, on8oln8 SUPPOrt,' cookery lessons; lelsure Centre access and flrst ald training. Guided by feedback from resldents and the skllls of our volunteers, we are always eager to consider new ways that we can provide support. In the last 12 months, we have been able to offer our residents Ilfe coachlng thanks to the kind support of a volunteer. We asslst resldents wlth substance abuse Issues and support them In reduclng thelr Intake to Improve thelr health and wellbeing at the same tlme ensurlng access Is avallable to Improve physlcal and mental health wellbeln8 by workln8 closely wlth local NIIS teams. We have a well-establlshed relatlonshlp wlth InclusSon, an NHS Wellbelng and Chan8e Servlce, that supports our resldents who maybe affected by addlctlon, crlme, mental health or need treatment for thelr sexual health. Where we may not be able to dlrectly support a resldent ourselve5, we wlll look to refer or sl8npost them onto other speclallst support agencles as approprlate, so re51dent5 can achleve thelr 8oals and ambltlons. We are focused on workln8 ¢ollaboratlvely whllst at the same tlrne 8rowln8 and Increaslng our expertlse and capaclty, We contlnue to work wlth Hampshlre County Councll and other local counclls. Wlthln Wlftchester we partner wlth the Clty Councll houslng team and work very closely wlth other a8encles Involved In our sector to ensure a varlety of options are available for Indlvidua15 as a crucial part of the houslng pathway to reduce homelessness locally. We also have a strong worklng relatlonshlp wlth Eastleigh Borough Councll, Wlth a real shortage of affordable hou5in8, we help to flll the 8ap In provlslon for people unable to secure or sustsln longer term accommodatlon. We partner wlth other local agencles by provldin8 Outreach volunteers each week. Thls year has been a tlme of transltlon wlth our Chlef Executlve Mlchèle pr5 handln8 over the leadershlp of the charity after 15 years, Her Involvement with the organlsatlon started as a volunteer In 2002 and we remaln grateful for all the hard work and commltment whlch leads us to where we are today. Our new Chlef Executlve Mark Wakelin8 lolned us in January 2024 and brings a wide eKperience of leadership within the charity sector. Together we look forward to this next 5ea50n as we bulld on all the contributlons from the wider team, both past and present. A slgnlflcant development this year was the n0VatIonS at our main slte on Jewry Street In Wln¢hester, Thls work Involved the addltion of Indlvidual shower rooms and toilets to provide each resident with dedicated facilitles. The openlng by our Patron, Dears Catherine Ogle took place in December 2023 after considerable fundralslng and planning. We are grateful to all those who supported and funded the prole¢t Including CRASH charlty and their Patrons, the Department of Levelllng Up, Housin8 & Communltles (Night Shelter Transfomiatlon Fund), Hampshlre County Councll, The Natlonal Lottery Community Fund and The Flne and Country Foundatlon. Page 2
Wlnchester Churches Nightshelter operatlng as The Winchester Beacon Report of the Trustees for the Year Ended 31st March 2024 OBJECTIVES AND AcfiviTIES We have also contlnued plans to develop one of our mOVen houses and we hope to complete this work within the next Six months. We remain grateful to the generous support of many, This includes Oak Foundation, Wlnchester City Council. Thomas Roberts Trust, Lloyds Bank Foundation, The J Datry Foundation. The National Lottery Community Fund, Eastleigh Borough Council, Hampshire and Isle of Wight Community Foundation, The Oliver Borthwlck Memorial Trust, The James Tuttiett Charltable Trust, Gentian, Savllls, Hope Church along with many other trusts, companies, churches and individuals. Wlthout your support, none of thls would be possible. We provlded accommodatlon for a total of 54 people durlng 202312024 arnd ensured all were provlded with tallored support. Our 3 move-on houses allow resldents to progress to Independent living whilst contlnuing to benefit from affordable rent. Our support workers continue to V151t the residents every week, to provide advice and a55iStance. Durin8 the past year we supported 23 people 118 people In 2022120231 in our move-on houses. It takes an average stay of 14.7 months before accesslng more permanent accommodatlon. There15 8rowlng demand for our servlce. Durlng the 202312024 financlal year we ee1Ved 107 referrals from varlous agencles of whlch we could only accommodate 20% owln8 to Insufflclent bed space5. We had 95% occupancy, wlth 62% of resldents movlng on In Ilne wlth thelr goals and asplratlons. The average stay wlth us at our maln site was 136 nights compared to 111 nights last year which continues to emphasi5e the difflculty In flnding suitable affordable accommodatlon. Our counsellor and psychotheraplst held 209 sesslons for 17 different cllents. We remain avallable to the wlder communlty In Wlnchester and make ourselves available to those In need. During the year we had 538 vlslts to our Jewry Street prem15es from 133 non-resldents. We began 202312024, wlth a new and experSenced Operatlons Manager In p05t. Durlng the year, thank5 to support from The Natlonal Lottery Community Fund, we were able to employ a Tenancy Support Worker to help residents move on, settle Into thelr new property and to sustaln thelr tenancy. We welcomed a new full-tlme admlnlstrator to the team in November 2023 to support the smooth runnlng of operatlons. Th15 enabled our part-tlme admlnlstrator to move into a new role of Volunteer Admlnlstrator to focus on the Indurtlon and management of volunteers. Two members of staff lolned the support team as bank staff In the role of Prolecl Worker. We are extremely grateful to the many volunteers who have glven generously of thelr tlme over the years and asslsted The Wlnchester Beacon In keeplng admlnlstratlon costs to a mlnlmum. Throughout the year we have focussed on developln8 Internal systems Includlng Improvlng our flnancial management, payroll, pension and HR funrtlons resultln8 In an increase In legal and professlonal fees. This has been essential as we look to operate safely In a p05t.Covld world and respond to Increaslng complexlty and demands and to respond to people impacted by the cost-of-livlng crisls. Publlc beneflt Under the Charltles Act 2006, charltles are requlred to demonstrate that thelr alms are for the publlc beneflt, and dlrectors have regard to the guldance Issued by the Charlty Commisslon In thi5 topic.The trustees believe that they fulfil this requirement by the support 8iven to homeless people withln Wlnchester and the surroundin8 area. Page 3
Wlnchester Churches Nlghtshelter operating as The Winchester Beacon Report of the Trustees for the Year Ended 31st March 2024 ACHIEVEMENT AND PERFORMANCE Fundralslng actlvltles In October 2023, we began working wlth a fundraising consultant through the Enhance programme 3cces5ible via our Lloyd5 Bank Foundation fundirlg. The consultant supported our Chief Executive and Senior PR and Communications Officer to evaluate the charity's current and future fundraisin8 attivitie5 and focus. In November 2023, Olir part-tlme Senlor PR and Communlcatlons OffIr increased her time by five hours a week to allow more time to support the Chief Executive wlth fundraising activities, speclfically relating to trusts and 8rants. We also initiated support from a consultsnt specialising In CRM databases (Customer Relationship Mana8ementl also vla the Lloyd5 Bank Foundation Enhance programme. The alm to better mana8e our 5UPPOrters, donors and volunteers. The consultancy will contlnue to SUPPOrt us to explore the most sultable CRM optlons and help plan for the mlgratlon. Income from fundraising activities has therefore Increased thls year by more than 50%. A proportlon of one staff member's salary amountlng to £14,60012023 - £10,765) was allocated to fundralslng and publlcity expenses. FINANCIAL REVIEW Results and dlvldends The surplus for the period amounted to £210,398 12023 - £276,581). Of thls surplu5 £145,920 related to the unrestrlcted general fund of the charity12023 £188,434), and £64,478 related to thè restrlcted funds of the charlty 12023 - £88,147). Unrestrlcted Income Includes a donatlon of £105,000 from Oak Foundatlon and £25,C#)O from Lloyds Bank Foundatlon for the general purposes of the charlty and for whlch we are extremely 8rateful. Restrlcted Income Includes a donatlon of over £15,CQO thls year from The Natlonal Lottery Communlty Fund to employ the Tenancy Support Worker as well as over £30,000 recelved towards the renovatlons of Jewry Street. Further Informatlon regardlng the transactlons for the year and the charlty's flnanclal posltlon èt the end of the year are shown In the attached flnanclal statements. The charltable company Is not empowered to make a dlvldend payment. Page 4
Winchester Churches Nightshelter operating as The Winchester Beacon Report of the Trustees for the Year Ended 31st March 2024 FINANCIAL REVIEW Fundlng In 202312024, despite the ongoing weak economic cllmate, turbulent international events, and cost-of-living challenges. we continued to receive generou5 donations from prlvate indivlduals, companies and churches as well a5 from trusts, legacies and grants. During this difficult operating environment. any operatln8 surplus will be re-invested in the provision of further support to help those experien¢in8 homelessness. We continue to grow and dlversify our income to ensure our flnancial resilience whilst, at the same tlme ensurln8 value for money with the support of our wonderful volunteers, and operating as economically, effectively and efficiently as possible. We are very grateful to all those who have donated to us, and to those who contlnue to support us in many ways. Contrlbutions of food and toiletries have a8ain been 8ratefully recelved from local churches, schools and individuals amountlng to savin85 in the re8lon of £60,000. Despite an overall increase In total income, grants from local authorltles have decreased by 17%. Resldent payments, at a nomlnal sum of £3 per nlght for those not In work In Jewry Street and housin8 benefit for resldents, have marglnally decreased. During the year under review our overall expenses increased by 30%1£141,2621. Most of this cost160%1 related to the expansion of the staff team and related recruitment costs. The remainder of the higher expendlture was due to utlllty bllls, malntenance costs, legal and professlonal fees and resident support expenses. Utility bllls have Increased by 38% over the past two years, and we have spent nearly 50% more on resldent support. Malntenance of our three move-on houses has been necessary thSs year to ensure the propertles remaln comfortable and In 8 8ood state of repalr, In accordance wlth our plans, the Improvement to our thlrd property Is on8oln& but we are dellghted that the refurblshment of the bathroom facllltles In Jewry Street Is now complete. Investment Pollcv At present, generally all our reserves are held In UK deposlt accounts and the dlrectors contlnue to monltor the Investments held to achleve a return conslstent wlth securlty and Ilquldity. As part of our control measures, we ensure Investments are spllt between Instltutlons, so we remaln protected under the Flnanclal Service5 Compensatlon Scheme IFSCSI, We monltor Investments to ensure we recelve the best rate of return whllst ensuring funds are avallable to access If necessary. Ileserves For 202312024, the board of dlrectors had a pollcy to malntaln acce55 to reserves sufflclent to cover 6 months runnlnB Costs based upon the 202212023 flnanclal data that was avallable at the tlme the pollcy was set1£230,7001. Thls provldes for a perlod of adjustment should an unexpected shortfall in Income occur. The reserves include a mlxture of cash reserves held in instant access, flxed term and fixed notlce accounts covered by FSCS guarantees lor equivalentl a5 well as In assets that can be qulckly realisable as cash. The Reserves PolScy Is revlewed annually to reflect the dlversity and confidence levels in our sources of income. We will contlnue to maintain a sufficient level of free reserves to enable normal operatlng attlvltles to be malntalned. Page 5
Winchester Churches Nightshelter operatlng as The Winchester Beacon Report of the Trustees for the Year Ended 31st March 2024 FUTURE PLANS We recognise that the comin8 year will be a transitional time as we onboard new leadershlp and also adjust to the changing external landscape. The Trustees have decided to undertake a strategic review so we can ensure that we remain agile and effective in provlding support for those locally in need. We plan to complete thi5 review durlng 2024 with a strate8ic plan developed for the next season. In the meantime, we wlll continue to revlew and address internal systems and processe5. This includes an evaluatlon of our volunteerln8 process to ensure we contlnue to offer a safe, beneflcial and rewardin8 volunteering experience. We will also explore the posslblllty of creatlng a befriendln8 project to enable volunteers to support resldents who now have settled accommodatlon but stlll requlre help In reducing Isolation, We wlll also assess our data collection to improve the measurement and evaluation of impact. BuildinB work wlll be carrled out at one of our move-on houses to expand the Ilvlng area and provlde an additional bathroom, A key part of our strateglc review wlll be how we enhance provlslon and provlde both more bed5 and support to those In need. We have therefore set aslde Strategic resources to enable us to expand our provlslon. We remain commltted to both those we currently support and to provlding an InterventSon to those who may need our services in the future. STRucfuRE, GOVERNANCE AND MANAGEMENT Governln8 document The charlty Is controlled by Its Artlcles of Assoclatlon as adopted on 27th October 2023 followin8 approval of the amendments by the Charlty Commlsslon. These replace the orl8inal Artlcles of A$50clatlon adopted on 7th February 2000 and amended on 9th October 2020. Indurtlon and tralnln8 of new trustses The trustees as listed below, are appoSnted by election to the Management Commlttee. They are the trustees and guarantors of the company to an amount not to exceed £1 per person. The company Is Ilmlted by guarantee and Is prohlblted from maklng any form of dlstrlbutlon to the guarantors. The soverning document Is avallable for vlewln8 at our reglstered offlce. REFERENCE AND ADMINisfRATIVE DETAILS Reglstered Company number 3928334 (England and Wales) Re8lstered Charlty number 1080443 Reglstered office Wlnchester Churches Nlghtshelter 20B Jewry Street Winchester Hampshlre S023 8RZ Page 6
Wlnchester Churches Nightshelter operatlng as The Wlnchester Beacon Report of the Trustees for the Year Ended 31st March 2024 Trustee5 Tracy Jones- Chalr Alexis Colfer- Company Secretary (resigned 13.9.231 Fiona Glbbon - Treasurer Patrick Fowler Sarah Davi5- Vice Chair Ireslgned 1.8.231 Anthony Arkwright Ireslgned 26.7.241 Victoria Hemmin8S Sarah Watts (resigned 5.12.231 Julian Gerry Vincent Kerr- Company Secretary lappointed 13.9.231 David Close (appointed l.11.231 Patrlck Fowler intends to offer hls resi8natlon at the 2024 AGM. Management Commltte? The Management Commlttee Includes all of the above trustees plus Mark Wakellng (Chief Executlvel, to whom the day to day operatlon of the charlty is delegated. Company Secretary Vlncent Kerr Independent Examlner D A Sanders BA (Honsl FCA Sheen Stlckland Chartered Accountants 2 Orlel Court Omega Park Alton HampshSre GU34 2YT Bankers CAF 8ank Ltd Kln8s Hlll West Malling Kent ME19 4TA Le8al advlsers Warner and Rlchardson LLP 29 Jewry Street Winchester Hampshlre $023 8RR Page 7
Winchester Churches Nl8htshelter operatlng as The Wlnchester Beacon Report of the Trustees for the Year Ended 31st March 2024 Thls report has been prepad In accordance with the special provision5 of Part 15 of the Companles Act 2006 relatin8 to small ¢ompanles. Approved by order of the board of trustees on ........ and signed on its behalf bv.. Tracy Jones- Trustee Page 8
Independent Examlner's Report to the Trustees of Wlnche5ter Churches Nlghtshelter Independent examlner'5 report to the trustees of Wlnchester Churches Nightshelter I'the Company.) report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024. Responslbilltles and basls of report As the charity's trustees of the Company land also its directors for the purpose5 of company lawl you are responslble for the preparatSon of the accounts in accordance wlth the requirements ol the Companies Act 20061'the 2006 Act'l. Having sat15fied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Art and are eligible for independent examlnation. I report in respect of my examinatlon of your charity's accounts as carried out under Section 145 of the Charities Att 2011 I'the 2011 Act'l. In carrying out My examination I have followed the Directlons given by the Charity Commisslon under Sectlon 145151 Ibl of the 2011 Act. Independent examlner's ststement Since your charity's gross Income exceeded £250,000 your examlner must be a member of a listed body. I can conflrm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants In England and Wales, which Is one of the Ilsted bodies. I have completed my examlnatlon, I conflrm that no matters have come to my attentlon In Connectlon wlth the examlnatlon 8ivin8 me cause to belleve.. accounting records were not kept in respect of the Company as requlred by Sectlon 386 of the 2006 Act; or the accounts do not accord with those records,. or the accounts do not comply with the accountln8 requirements of Sectlon 396 of the 2006 Act other than any requlrement that the accounts 8lve a true and falr vlew whlch Is not a matter consldered as part of an Independent examlnatlon,, or the accounts have not been prepared In accordance wlth the methods and prlnclples of the Statement of Recommended Practlce for accountlng and reportlng by charltles lappllcable to charltles preparing thelr accounts In accordance wlth the Flnanclal Reportln8 Standard appllcable In the UK and Republlc of Ireland IFRS 10211. I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be drawn In th15 report In order to enable a proper understandlng ofthe accounts to be reached. D A Sanders BA (Honsl FCA Sheen Stlckland Chartered Accountants 2 Oriel Court Omefa Park Alton HampshSre GU34 2Yr Date: ..... Page 9
Wlnchester Churches Nl8htshelter operatlng as The Wlnchester Beacon Statement of Flnanclal Actlvltles for the Year Ended 31st March 2024 2024 Total funds 2023 Total funds Unrestricted Designated fund funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations, grants and legacies 491,124 134,972 626.096 582,662 Charltable actlvltles Rents and benefits recelved Fundraising actlvities Investment income 137.902 17,574 31,487 137,902 17,574 31.487 140,447 11,312 3,559 Total 678,087 134,972 813,059 737,980 EXPENDITURE ON RalsSng funds 3,087 15,fy)O 18,087 26,034 Charltable artlvltles C05t5 directly related to the Nl8ht5helter Admlnlstratlon costs 476,224 55,494 531,718 408,132 52,856 52,856 27,233 Trtal 532,167 70,494 602,661 461,399 NET INCOME Transfers between funds 145,920 1295,3181 64,478 15,318 210,398 276,581 17 280,000 Net movement In funds 1149,3981 280,000 79,796 210,398 276,581 RECONCILIATION OF FUNDS Total funds brou8ht forward 1,291,208 206,000 236,968 1,734,176 1,457,595 TOTAL FUNDS CARRIED FORWARD 1,141,810 486,Crt)O 316,764 1,944,574 1,734,176 The notes form part of these flnancial statements Page 10
Wlnchester Churches Nlghtshelter operatlng as The Wlnchester Beacon Balance Sheet 31st March 2024 2024 Total funds 2023 Total funds Unrestricted Designated fund funds Restricted funds Notes FIXED ASSETS Tangible asset5 12 827,528 304,412 1,131,940 967,615 CURRENT ASSETS Debtors Cash at bank and In hand 13 3,330 369,410 3,330 867,762 3,020 804,412 486,000 12,352 372,740 486,iJOO 12,352 871,092 807,432 CREDITORS Amounts fallin8 due withln one year 14 141,258) 141,2581 123,671) NET CURRENT ASSETS 331,482 486,iJOO 12,352 829,834 783,761 TOTAL ASSETS LESS CURRENT LIABILITIES 1,159,010 486,C0 316,764 1,961,774 1,751,376 PROVISIONS FOR LIABILITIES 16 117,2001 117,2001 117,2001 NET ASSETS 1,141,810 486,000 316,764 1,944,574 1,734,176 FUNDS Unrestrlcted funds Deslgnated funds Restrlrted funds 17 1,141,810 486,000 316,764 1,291,208 206.000 236.968 TOTAL FUNDS 1,944,574 1,734,176 The charltable company Is entltled to exemptlon from audlt under Sectlon 477 of the Companles Art 2006 for the year ended 31st March 2024, The members have not requlred the company to obtaln an audlt of Its financlal statements for the year ended 315t March 2024 In accordance wlth Sectlon 476 of the Companies Act 2006. The trustees acknowledge thelr responslblllties for {al ensuring that the charltable company keeps accountln8 records that comply with Sectlons 386 and 387 of the Companles Art 2CKJ6 and preparlng financial statements which give a true and falr vlew of the state of affalrs of the charltable company as at the end of each financial year and of Its surplus or deficit for each financial year In accordance with the requirements of Sections 394 and 395 and whlch otherwlse comply wlth the requirements of the Companies Act 2006 relating to financial statements, so far a5 appllcable to the charitable company. Ibl The notes form part of these flnancial statements Page 11 continued...
Wlnchester Churches Nlghtshelter operatlng as The Wlnchester Beacon Balance Sheet - coDtlnued 31st March 2024 These financial statements have been prepared In accordance with the provisions applicable to charitable companie5 subject to the small companies reglme. The flnanclal statements were approved by the Board of Trustees and authori5ed for Issue on nd were signed on Its behalf by: Tracy Jones- Trustee /aLL Flon Glbbon - Trustee The notes form part of these flnanclal statements Pa8e 12
Wlnchester Churches Nlghtshelter operating as The Winchester Beacon Cash Flow Statement for the Year Ended 31st March 2024 2024 2023 Notes Cash flows from operatln8 actlvltles Cash generated from operations 220,747 282,148 Net cash provided by operatin8 activities 220,747 282,148 Cash flows from Investlng artl¥ltles Purchase of tangible fixed assets Investment income 1188,8841 31,487 110,6511 3,559 Net cash used in investlng activities 1157,3971 7,092) Change In cash and Cash equlvalents In the reportln8 perlod Cash and ¢ash equlvalents at the beglnnlng of the reportlng perlod 63,350 275,056 804,412 529,356 Cash and cash equlvalent$ at the end of the reportlng perlod 867,762 804,412 The note5 form part of these financlal statements Page 13
Winchester Churches Nightshelter operatlng as The Wlnchester Beacon Notes to the Cash Flow Statement for the Year Ended 31st March 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIES 2024 2023 Net Income for the reportlng perlod (as per the Statement of Flnanclal Actlvltles) Adjustments for: Depreclation charges Investment income Increase in debtors Increase in creditors 210,398 276,581 24.559 131,4871 13101 17,587 5,424 13,5591 14801 4,182 Net cash provlded by operatlon$ 220,747 282,148 ANALYSIS OF CHANGES IN Nrr FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and In hand 804,412 63,350 867,762 804,412 63,350 867,762 Total 804,412 63,350 867,762 The notes form part of these financial statements Page 14
Winchester Churches Nl8htshelter operatlng as The Wlnchester Beacon Notes to the Flnanclal Statements forthe Year Ended 31st March 2024 ACCOUNTING POUCIES Basls of preparlng the flnanclal statements The financial statements of the charltable company. which is a public benefit entity under FRS 102. have been prepared In accordance with the Charltles SORP IFRS 1021 'Accounting arsd Reporting by Charlties.. Statement of Recommended Practice appllcable to charities preparing their accounts in accordance wlth the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,, Financial Reporting Standard 102 'The Flnancial Reporting standard applicable in the UK and Republlc of Ireland, and the Companies Act 2006. The flnancial statements have been prepared under the historical cost conventlon, The Charitable Company had net current assets of unrestrlcted funds of £331,482 as at 31st March 202412023: £484,255). The trustees conslder, on the basis of the Informatlon available to them, that the Charltable Company has adequate resources to contlnue in operational exlstence for the foreseeable future and for this reason the board of trustees continues to adopt the goin8 concern basis in preparin8 the financlal statements. Income Income comprlses donatlonsl grants, rents and houslng beneflts receivable. All Income Is recognlsed In the Statement of Flnanclal Actlvitles On the charlty has entltlement to the funds, It is probable that the Income wlll be recelved and the amount can be measured rellablv. Where grants are recelvable In respect of a speclfSc tlme perlod, they are treated as debtors provlded that they are subsequently received In full. Where 8rants are recelvable in respect of speclflc expenditure they are treated as Income when the expendlture has been Incurred. Le8a¢les Legacles are reco8nlsed when there Is sufflclent evldence to prove that It Is more Ilkely than not that the legacv wlll be recelved and the value of the legacy can be measured wlth sufficlent reliablllty. Recelpt Is normallv consldered to be probable when there has been a grant of probate,. the executors have estab115hed that there are sufficient a55ets In the estate, after settling any Ilabllltles, to pay the le8acy and any condltlons attached to the legacy are elther wlthln the control of the charlty or have been met. Expendfture Llabllltles are recognlsed as expendlture as soon as there Is a legal or constructlve obllgatlon commlttlng the charlty to that expenditure, It Is probable that a transfer of economlc beneflts wlll be requlred In settlement and the amount of the obligatlon can be measured rellably. Expenditure Is accounted for on an accruals basls and has been classlfied under headSngs that ag8re8ate all cost related to the cate80ry. Where costs cannot be dlrectly attributed to partlcular headln8S they have been allocated to attlvltles on a basls conslstent wlth the use of resources. Tan8lble flxed assets Depreciation is provided at the followlng annual rates In order to wrlte off each a55et over Its estlmated useful life. Freehold property Leasehold property not provlded over the remalnlng Ilfe of the lease or the expected Ilfe of the asset whlchever 5s the Shorter 25% on cost Flxtures and equlpment Freehold properties are valued at cost and are not depreclated. The properties are malntained in good repair and In the opinion of the trustees It Is considered that the residual values are such that depreciation Is not slgnlflcant. Page 15 continued...
Wlnchester Churches Nlghtshelter operatlng as The Wlnchester Beacon Notes to the Flnanclal Statements- contlnued for the Year Ended 31st March 2024 ACCOUNTING POUCIES- contlnued Taxatlo The charitable company Is exempt from Corporation Tax on its charStable actlvltles. Fund accountlng Unrestricted funds can be used In accordance wEth the charltsble oblectives at the discretlon of the trustees. Deslgnated funds represent unrestrlcted funds earmarked for particular purposes by the trustees of the charftable company In the exerclse of their discretlonary powers, Restrlcted funds can only be used for partlcular restrlrted purposes wlthln the oblerts of the charlty. Restrlctlons arlse when specified by the donor or when funds are ralsed for particular restricted purposes. Further explanatlon of the nature and purpose of each fund Is Included In the notes to the financlal statements. Penslon Costs and other post-retlrement benefSt$ The charitsble Company operates a defined contrlbutlon penslon scheme. Contrlbutlons payable to the charitable company's pension scheme are charged to the Statement of Flnancial Activitles in the period to which they relate. DONATIONS. GRANTS AND LEGACIES 2024 2023 Donatlons Glft Ald recovered Legacles Grants 377,839 17,628 344,380 12,340 51.362 174,580 230,629 626,096 582,662 FUNDRAISING AcnviTIES 2024 2023 Fundralslng events 17,574 11,312 Pa8e 16 contlnued...
Winchester Churches Nlghtshelter operatlng as The Wlnchestef Beacon Notes to the Flnanclal Statements- continued for the Year Ended 31st March 2024 INVESTMENT INCOME 2024 2023 Deposit funds 31,487 3,559 INCOME FROM CHARITABLE AcnviTIES 2024 2023 Actlvlty Rents received less recoverable Housin8 Benefit Rents and benefit5 received 34.151 44,757 Rents and benefits recelved 103,751 95,690 137,902 140,447 RAISING FUND5 RalslnB donatlons and legacles 2024 2023 Fundralslng expenses 18,087 26,034 CHARITABLE ACTIVITIES COSTS Dlrect Costs Costs directly related to the Nlghtshelter 531,718 NET INCOME/{EXPENDITUREI Net Income/lexpendlturel1s Stated after chargln8/lcreditln81'. 2024 2023 Depreciatlon - owned assets Independent examlner's remuneration Other accountancy fees Underprovision in prevlous years Other professlonal fees 24,559 1,070 4,930 2,364 8,464 5,424 930 3,270 1,542 2,336 Page 17 contlnued...
Wln¢hester Churches Nlghtshelter operatlng as The Wlnchester Beacon Notes to the Flnanclal Statements- contlnued for the Year Ended 31st March 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneratlon or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023. Trustees, expenses The were no trustees, expenses pald for the year ended 315t March 2024 nor for the year ended 31st March 2023. io. STAFF COSTS 2024 2023 Wages and 5alarles Social securlty cost5 Other penslon costs 349,439 28,443 18,142 289,461 22,630 15,012 396,024 327,103 In addltlon, £14,600 of wages and salaries {2023 £10,765) 15 charged to fundralslng expenses In the Statement of Flnanclal Activltles. Thls represents a proportlon of the salary of the PR and marketln8 Co-ordlnator to cover the tlme spent on fundra151n8 actlvltles. The average monthly number of employees durln8 the year was as follows.. 2024 14 2023 14 Staff No employees recelved emoluments In excess of £60,000. The remuneratlon of key management personnel Is set by the trustee5, havlng re8ard to levels of pay for comparable posltlons wlthln the charity sector. ii. COMPARATIVES FOR TrIE STATEMENT OF FINANCIAL ACTIVITIES Unrestrlcted Designated fund funds Restrlcted funds Total funds INCOME AND ENDOWMENTS FROM Donatlons, grants and legacles 414,222 168,440 582,662 Charltable artlvltles Rents and benefits recelved Fundraislng activities Investment Income 140,447 11,312 3,559 140,447 11,312 3,559 Total 569,540 168,440 737,980 Page 18 contlnued...
Winchester Churches Nlghtshelter operatlng as The Wlnchester Beacon Notes to the Flnanclal Statements- contlnued for the Year Ended 31st March 2024 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnued Unrestricted Designated fund funds Restricted funds Total funds EXPENDITURE ON Raising funds 11,034 15,000 26,034 Charltable actlvftles Costs directly related to the Nlghtshelter Admlnlstration costs 342,839 27,233 65,293 408,132 27,233 Total 381,106 80,293 461,399 NETINCOME Transfers between funds 188,434 (86,0001 88,147 276,581 86,000 Net movement In funds 102,434 86,000 88,147 276,581 RECONCILIATION OF FUNDS Total fund5 brou8ht forward 1,188,774 120,000 148,821 1,457,595 TOTAL FUNDS CARRIED FORWARD 1,291,208 206,000 236,968 1,734,176 12. TANGIBLE FIXED ASSETS Fixtures and equipment Freehold property Leasehold property Totals COST At 1st Aprll 2023 Addltlons 620,339 2,800 402,190 182,565 6,619 3,519 1,029,148 188,884 At 31st March 2024 623,139 584,755 10,138 1,218,032 DEPRECIATION At 1st Aprll 2023 Charge for year 59,878 22,025 1,655 2,534 61,533 24,559 At 31st March 2024 81,903 4,189 86,092 NET BOOK VALUE At 315t March 2024 623,139 502,852 5.949 1,131,940 At 31st March 2023 620,339 342,312 4,964 967,615 Page 19
Wlnche5ter Churches Nlghtshelter operating as The Wlnchester Beacon Notes to the Flnanclal Statements- contlnued for the Year Ended 31st March 2024 TANGIBLE FIXED ASSETS - Contlnued The leasehold property for the Jewry Street premlses was acqulred in 1996, As at 31st March 2024 there remained 71 years on the lease. The lease for one property in Eastleigh expired in 2019 and is continuing on a month by month basls thereafter. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments and accrued income 3,330 3,020 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade ¢dItOrS Social security and other taxes Other creditor5 Accruals and deferred Income 1,644 8,536 3,378 27,700 6,667 9,793 3,011 4,200 41,258 23,671 15. LEASING AGREEMENTS Mlnlmum lease payments under non-cancellable operatln8 lease5 fall due as follows.. 2024 2023 Wlthln one year 2,820 2,820 16. PROVISIONS FOR LIABIUTIES 2024 2023 Provlslons 17,200 17,200 Provlslon has been made for the Ilkely level of Insurance prernlum recharge which ha5 hlstorlcally not been recharged to the charity. Page 20
Winchester Churches Nlghtshelter operatlng as The Winchester Beacon Notes to the Flnanclal Statements- contlnued for the Year Ended 31st March 2024 17. MOVEMENT IN FUND5 Net movernent in funds Transfer5 between funds At 31.3.24 At 1.4.23 Unrestrlrted funds General fund 1,291,208 145,920 1295,3181 1,141,810 Deslgnated funds Jewry Street refurblshment fund Move on houses refurblshment New house fund 150.000 s6,j0 1150,0001 30,000 400,000 86,000 400,000 206,OLN) 280,000 486,000 Restrl¢ted funds Capltal fund Core support fund Resident support fund Lesley Cunnea Fund Transformation fund 144,462 3,000 16,442 71,568 13,0001 19,2401 5,150 88,382 304.412 7,202 5,150 73,064 173,0641 236,968 64,478 15,318 316,764 TOTAL FUNDS 1,734,176 210,398 1,944,574 Net movement In funds, Included In the above are as follows: Incoming resources Resources expended Movement In funds Unrestr5¢ted funds General fund 678,087 1532,1671 145,920 Restrlcted funds Capltal fund Core support fund Tenancy support fund-The Natlonal Lottery Communlty Fund Resident support fund Fundraislng fund - Hampshlre and Isle of Wl8ht Communlty Foundation Staffin8 fund - The Ollver 8orthwlck Memorlal Trust Lesley Cunnea Fund 93,183 1,5iX) 15,139 121,6151 14,5001 {15,1391 71,568 13,0001 19,2401 115,0001 19,2401 15,OCK) 5,000 5,150 15,0001 5,150 134,972 170,4941 64,478 TOTAL FUNDS 813,059 1602,6611 210,398 Page 21 continued...
Wlnchester Churches Nlghtshelter operatlng as The Wlnchester Beacon Notes to the Flnanclal Statements. contlnued forthe Year Ended 31st March 2024 17. MOVEMENT IN FUNDS- ¢ontlnued Further breakdown of the movements on the General fund are as follows,. Incoming resour5 Resources expended Movement in funds Oak Foundatiors Thomas Robert5 Trust Lloyd5 Bank Foundation The J Davy Foundatlon Grants and trusts less than £5,OLK) Other Incomlng resources 105,000 50,000 25,000 25,000 17,000 456,087 1105,0001 150,0001 125,0001 125,0001 117,0001 310,1671 145,920 678,087 1532,1671 145,920 Further breakdown of the movements on the Capltal fund are asfollows: Incoming resources Resources expended Movement In funds The Natlonal Lottery Communlty Fund CRASH Charlty Hampshlre County Councll 30,583 37,600 25,000 17,0941 18,7221 5,7991 23,489 28,878 19,201 93,183 21,6151 71,568 Comparatlves for movement In funds Net movement Sn funds Transfers between funds At 31.3.23 At 1.4.22 Unrestrlrted funds General fund 1,188,774 188,434 186,0001 1,291,208 De518nated funds Jewry Street refurbishment fund Move on houses refurblshment 120,IXIO 30,C¥ 56,000 150,LXJO 56,000 120,000 86,000 206,000 Restrfrted funds Capltal fund Core 5UPPOrt fund Resident support fund Transformatlon fund 146,821 12,359) 1,000 16,442 73,064 144.462 3,000 16,442 73,064 148,821 88,147 236.968 TOTAL FUNDS 1,457,595 276.581 1,734,176 Page 22
Winchester Churches Nlghtsheker operatlng as The Wlnchester Beacon Notes to the Flnanclal Statements- contlnued for the Year Ended 315t March 2024 Comparatlve net movement in funds, Included in the above are as follows,. Incoming resources Resources expended Movement in funds Unre5trl¢ted funds General fund 569,540 1381,1061 188,434 Restrlcted funds Capital fund Core supportfund Resident support fund Fund falsing fund Staffing fund Transformatlon fund 1,000 22,000 19,000 15,000 38,376 73,064 13,3591 121,0001 12,5581 115,0001 138,3761 12,3591 1,000 16,442 73,064 168,440 180,2931 88,147 TOTAL FUNDS 737,980 1461,3991 276,581 The general fund represents the balance of unrestrlcted Sncome less expendlture. The trustees, however, have without restri¢tln8 thelr abillty to spend such sums on any of the charitsble oblectlves of the charlty, allocated £150,000 for the fUrb1$hrnent of the premlses In Jewry Street and £56,000 for the renovatlon of one of the mov&on houses. 17. MOVEMENT IN FUNDS- contlnued The capltal fund prlmarlly represents the value of grants recelved for the purpose of bulldlng the Nl8htshelter less accumulated depreciatlon to date. Where addltlonal Incorne ha5 been recelved towards capbtal expendlture thls Income has been added to thls fund. The other restrlcted fvnds represent Income recelved for speclflc purposes less expendlture on those purpose5. The balance therefore represents restrlcted Income recelved where the related expendlture has yet to take place 18. RELATED PARTY DISCLOSURES There were no related party transattlons for the year ended 31st March 2024, 19. COMPANY STATUS The charitsble company is a private company Ilmlted by guarantee and consequently does not have a share capital. Each of the members is Ilable to contrSbute an amount not exceedlng £1 towards the assets of the company In the event of liquidatlon. Page 23
Wlnchester Churches Nl8htshelter operatlng as The Wlnchester Beacon Detalled Statement of Flnanclal Actlvities for the Year Ended 31st March 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons. grants and le88¢les Donatlons Gift Ald recovered Legacies Grants 377,839 17,628 344,380 12,340 51,362 174,580 230,629 626,096 582.662 Fundralsln8 actlvltles Fundraisln8 events 17,574 11,312 Inveslment Income DeposSt funds 31,487 3,559 Charltable actlvltles Rents recelved less recoverable Housing Benefit 34,151 103,751 44,757 95,690 137,902 140,447 Total Incomlng resources 813,059 737,980 EXPENDITURE Ralsln8 donatlons and lo8acles Fundralslng expenses 18,087 26,034 Charltoble actlvltles Wages and salarles Soclal securlty Pensions Rent and rates Llght, heat and water Resldent support expenses Caterlng and household costs Repalrs and maintenance Depreclatlon of leasehold property Depreclatlon of fixtures and equlpment 349,439 28,443 18,142 16,272 35,188 21,229 10,274 28,172 22,025 2,534 289,461 22,630 15,012 15,938 25,452 14,404 6,813 12,998 3,769 1,655 531,718 408,132 Admlnlstratlon costs Insurance Carried forward 4,686 4,686 4,050 4,050 This page does not form part of the statutory financial statements Page 24
Wlnchester Churches Nlghtshelter operating as The Winchester Beacon Detalled Statement of Financial Actlvltles for the Year Ended 31st March 2024 2024 2023 Admlnlstratlon costs Brou8ht forward Telephone Subscriptions Staff training Bank charges Other administrative costs Independent examiner's remuneratlon Other accountancy fees Accountancy- underprovlslon In prevlous year Recrultment costs Legal and profe55ional fees 4.686 7,551 1,548 1,708 1,471 2,918 1,070 4,930 2,364 16,146 8,464 4,050 5.278 1,605 3,345 1.185 3.692 930 3,270 1,542 2,336 52,856 27,233 Total resources expended 602,661 461,399 Net Incorne 210,398 276.581 Thls page does not fomi part of the statutory financlal statement5 Pa8e 25