REGISTERED COMPANY NUMBER: 03928334 (England and Wales) REGISTERED CHARITY NUMBER: 1080443 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31st March 2025 for Winchester Churches Nightshelter (A Company Limited by Guarantee) operating as The Winchester Beacon 'SHEN STICKLAND CHARTERED ACCOUNTANTS Est. 1944
Winchester Churches Nightshelter operating as The Winchester Beacon Contents of the Financial Statements for the Year Ended 31st March 2025 Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Cash Flow Statement Notes to the Cash Flow Statement Notes to the Financial Statements Detailed Statement of Financial Activities Page I to 7 8 9 10 11 12 13 14 to 24 to 23 25
Winchester Churches Nightshelter operating as The Winchester Beacon Report of the Trustees for the Year Ended 31st March 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present to the members the financial statements of the Winchester Churches Nightshelter (WCNS - operating as The Winchester Beacon) for the year ended 31st March 2025, together with their report. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts i accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective January 2019. In preparing this report, the directors have taken advantage of some of the special exemptions applicable to small organisations. OBJECTIVES AND ACTIVITIES Objectives and aims We are a company limited by guarantee and a registered charity dedicated to providing accommodation and vital support to individuals experiencing homelessness in Winchester and the surrounding areas. Since our founding in 1988, we have helped thousands of people find a path out of homelessness. What began as emergency shelter in temporary buildings evolved into a more permanent solution when we moved to our central premises at Jewry Street in 1997. Over the years, we have expanded our reach by adding 3 move-on properties, enabling us to support and house up to 22 residents at any one time. Vision and Mission: Our vision is to transform lives, inspire hope, and bring an end to homelessness. Our mission is to break the cycle of homelessness by empowering individuals to rebuild their lives and achieve independent living. Since 2021, we've adopted the trading name The Winchester Beacon to better reflect the breadth and impact of our work. Support around the clock: We provide continuous, 24/7 support to our residents and offer out-of-hours assistance to those sleeping rough or in urgent need. Every resident is partnered with a dedicated Support Worker, gaining access to tailored support focused on mental and physical wellbeing. We encourage residents to set personal goals, and we work alongside them at their own pace, as they rebuild their lives. Values that guide us: Our core values shape everything we do. We strive to be honest and open, treating every individual with kindness, respect, and without judgement or discrimination. Safety and support are fundamental. We aim to create an environment that feels secure and homely, where residents can access meaningful help while rebuilding their self-worth. We remain flexible and compassionate, collaborating closely with staff, volunteers, and community partners to achieve shared goals. Journey to independent living: We don't place limits on recovery - there is no fixed timeline. The pace of progress depends entirely on the resident's individual needs and the availability of suitable accommodation. Crucially, our support doesn't end when a resident moves on; we continue to offer guidance and reassurance as they settle into their new lives. This aftercare is a key factor in preventing people from returning to homelessness. Safeguarding and wellbeing: We believe the welfare of every individual, resident, employee, or volunteer, is of paramount importance. We remain deeply committed to safeguarding and fostering a safe, welcoming community for all. Page 1
Winchester Churches Nightshelter operating as The Winchester Beacon Report of the Trustees for the Year Ended 31st March 2025 OBJECTIVES AND ACTIVITIES Annual Review We recognise that our residents face multiple and complex challenges, each with their own unique circumstances. This frequently includes relationship breakdown, unemployment, addiction, financial hardship and / or mental and physical health issues. Often one life event leads to another. Many find themselves homeless due to factors beyond their control. Some may have slept rough or relied upon friends to provide shelter for a while before coming to us. We recognise that trauma often plays a significant role in homelessness. That's why our staff use a trauma-informed approach, offering person-centred emotional and practical support to help residents overcome the barriers that they face on their path toward independent living. We help residents to regain their self-belief at the same time as offering them hope. Every one of our staff team is committed to providing an inclusive, compassionate, safe, caring, and non-judgemental temporary home. Our support services are designed to empower residents by building their confidence and encouraging them to draw on their own strengths and skills to create a fresh start. We offer free access to a wide range of resources, including counselling and psychotherapy, budgeting and financial training, housing, tenancy and employment advice, cookery lessons, leisure centre access, first aid training, and ongoing support. We regularly adapt and expand our services based on resident feedback and the skills offered by our volunteers. We also provide tailored support for residents struggling with substance use, helping them reduce their intake to improve overall health and wellbeing. Our close partnership with local NHS teams ensures residents have access to essential physical and mental health care. We work with Inclusion and No Wrong Door for those that have been affected by substance misuse and mental health issues. We encourage better health and well-being by working closely with Social Prescribing who offer non-clinical services within the community. We are supported by Everyone Active and Winchester Amateur Boxing Club to encourage physical fitness by offering memberships and classes to our residents. Where we are unable to provide direct support, we work closely with specialist agencies to ensure residents are connected with the services they need. We are committed to collaborative working while continuously building our expertise and expanding our capacity to support those we serve. We continue to work in partnership with local authorities, including Winchester City Council and Eastleigh Borough Council. In Winchester, we collaborate closely with the City Council's housing team and other sector agencies to ensure a range of housing options are available. This is an essential part of the local pathway to reducing homelessness. Amidst an ongoing shortage of affordable housing, we help bridge the gap for individuals who are unable to access or sustain long-term accommodation. As part of our collaborative approach, we also support local agencies by providing outreach volunteers on a weekly basis. future growth. Transformation remains a key theme at The Winchester Beacon. Following the departure of Chief Executive Mark Wakeling in March 2025 and a period of interim leadership, we are pleased to have appointed a new Following the retirement of Dean Catherine Ogle, we are pleased to welcome the Interim Dean of Winchester Cathedral, Reverend Canon Dr Roland Riem, as a Patron of The Winchester Beacon. We are also deeply grateful to Baroness Celia Thomas of Winchester for her longstanding and continued support. We remain committed to improving The Winchester Beacon's facilities, with recent investments made in upgrading shower and cooking amenities, as well as essential repairs to guttering in our move-on houses. Following some delays, extension work has now begun on one of the move-on properties. This project will enhance the communal living space and increase the bathroom facilities, creating a more comfortable and supportive environment for residents. Page 2
Winchester Churches Nightshelter operating as The Winchester Beacon Report of the Trustees for the Year Ended 31st March 2025 OBJECTIVES AND ACTIVITIES In the last year, we reviewed and relaunched our volunteer induction and training programme to ensure all volunteers feel confident and supported in their roles. Our volunteer base remains strong, and we are incredibly grateful to those who continue to give their time so generously. Their contributions play a vital role in helping us keep administrative costs low. Volunteers support a wide range of activities, including office tasks, meal preparation for residents, and assisting with the smooth running of The Winchester Beacon during the evening and overnight. We provided accommodation for a total of 52 people during 2024/2025 and ensured all were provided with tailored support. Our 3 move-on houses provide residents with the opportunity to take the next step toward independent living, while still benefiting from affordable rent and regular support. Our support workers visit weekly to offer guidance and assistance tailored to each individual's needs. Over the past year, we supported 20 people in our move-on accommodation, down from 23 in 2023/2024. Tenancy support is available to current and former residents to help prevent a return to In the 2024/2025 financial year, we received 144 referrals from various agencies but were only able to accommodate 22% due to limited bed space. Despite these constraints, our main site maintained a high occupancy rate, with 75% of residents moving on in line with their goals. The average length of stay continued to increase to 167 nights, up from 136 nights during 2023/2024, indicating the ongoing challenges in accessing suitable, affordable housing. Our in-house counsellor and psychotherapist delivered 297 sessions, providing vital emotional support. We also remained open to the wider Winchester community, welcoming visits from non-residents to our Jewry Street premises throughout the year. We are also grateful to the generous support of many organisations. This includes Oak Foundation, Winchester City Council, Lloyds Bank Foundation, The National Lottery Community Fund, Eastleigh Borough Council, Hampshire an Isle of Wight Community Foundation, The Oliver Borthwick Memorial Trust, The James Tuttiett Charitable Trust Gentian, Savills, Shawlands Properties, Christchurch PCC along with many other trusts, companies, churches and individuals. Your support is vital, and without it, none of our work would be possible. Public benefit Under the Charities Act 2006, charities are required to demonstrate that their aims are for the public benefit, and lirectors have regard to the guidance issued by the Charity Commission in this topic. The trustees believe that they fulfi his requirement by the support given to homeless people within Winchester and the surrounding area ACHIEVEMENTS AND PERFORMANCE Last year, we began working with a consultant through the Lloyds Bank Foundation Enhance Programme to improve our approach to data collection and impact measurement. The consultant specialised in Customer Relationship Management (CRM) systems, and their support has helped us implement a new CRM database. We are currently in the process of migrating our data into this system, which will enable us to manage our relationships with supporters, donors, and volunteers more effectively. Additionally, we have partnered with a supporter to produce a fundraising film aimed at raising awareness of our work and increasing engagement. A proportion of one staff member's salary amounting to €16,200 (2024 - £14,600) was allocated to fundraising and publicity expenses. Page 3
Winchester Churches Nightshelter operating as The Winchester Beacon Report of the Trustees for the Year Ended 31st March 2025 FINANCIAL REVIEW Results and dividends The surplus for the period amounted to £74,992 (2024 - £210,398). Of this surplus £104,590 related to the unrestricted general fund of the charity (2024 - £145,920), and deficit of £29,958 related to the restricted funds of the charity (2024 - £64,478). Unrestricted income for the year includes a generous donation of £105,000 from Oak Foundation and £25,000 from Lloyds Bank Foundation, both given in support of the charity's general activities. We are extremely grateful for this vital support. Restricted income for the year includes a grant of over £30,000 from The National Lottery Community Fund, which has been used to fund tenancy support work. Additionally, we received €15,000 from Hampshire and Isle of Wight Community Foundation, once again supporting our fundraising efforts. Further information regarding the transactions for the year and the charity's financial position at the end of the year are shown in the attached financial statements. The charitable company is not empowered to make a dividend payment. Page 4
Winchester Churches Nightshelter operating as The Winchester Beacon Report of the Trustees for the Year Ended 31st March 2025 FINANCIAL REVIEW Throughout 2024/2025, even amid persistent economic uncertainty, global instability, and continued cost-of-living pressures, we remained deeply grateful for the continuous and steady support we received. Contributions came from a road range of supporters, including individuals, businesses, churches, charitable trusts, and grant-making bodies 'onsidering the challenging conditions, any surplus generated through operations will be directed back into expandin the support available to people affected by homelessness. We remain committed to expanding and diversifying our income streams to strengthen financial resilience, while simultaneously upholding value for money. This is made possible through the dedication of our exceptional volunteers and a continued focus on operating in the most economical, effective and efficient manner. We extend our sincere gratitude to all who have supported us, both through financial contributions and in a variety of other meaningful ways. Once again, we have been fortunate to receive generous donations of food and toiletries from local churches, schools, and individual supporters. These kind contributions have provided significant cost savings, estimated at approximately £40,000. This year, total income declined by 15%, primarily due to the absence of three capital grants received in the previous financial year, which had been specifically allocated for the renovation of the Jewry Street bathrooms. Nevertheless, we contributions have had a notable impact on our financial position and have helped to sustain a modest surplus. We year to year, we continue to prioritise the diversification of our income sources to ensure long-term financial stability. Resident contributions, set at a nominal rate of f3 per night for those not in employment at Jewry Street, alongside housing benefit payments, have shown a slight increase. During the year under review, we successfully maintained overall expenditure at a level consistent with the previous year. As anticipated, staff costs continued to represent the majority of our total expenditure, accounting for approximately 65%. Toward the end of the financial year, we made strategic investments in a new Customer Relationship Management (CRM) system, with the expectation that its enhanced data capabilities will support improved fundraising outcomes in the coming year. Additionally, we have invested in upgraded IT infrastructure and expanded HR support and staff training to ensure our systems and processes remain robust, efficient and fit for purpose. In line with our strategic plans, improvement works at our third move-on house are currently underway and are expected to be completed before the end of the year. These upgrades will provide current residents with enhanced living space and the addition of an extra bathroom, contributing to a more comfortable and dignified living environment. Investment Policy At present, generally all our reserves are held in UK branch deposit accounts, and the directors continue to monitor the investments held to achieve a return consistent with security and liquidity. As part of our control measures, we ensure investments are split between institutions, so we remain protected under the Financial Services Compensation Scheme (FSCS). We monitor investments to ensure we receive the best rate of return whilst ensuring funds are available to access if necessary. For 2024/2025, the board of directors had a policy to maintain access to reserves sufficient to cover 9 months running costs based upon the 2023/2024 financial data that was available at the time the policy was set (£399,125). This provides for a period of adjustment should an unexpected shortfall in income occur. The reserves include a mixture of cash reserves held in instant access, fixed term and fixed notice accounts covered by FSCS guarantees (or equivalent) as well as in assets that can be quickly realisable as cash. The Reserves Policy is reviewed annually to reflect the diversity and confidence levels in our sources of income. We will continue to maintain a sufficient level of free reserves to enable normal operating activities to be maintained. Page 5
Winchester Churches Nightshelter operating as The Winchester Beacon Report of the Trustees for the Year Ended 31st March 2025 FUTURE PLANS Throughout the last year we have focussed on developing internal systems which now need to become embedded in the Sojanare programes. We believ C this wilassist our dant colican and imprident lambasuremen sid evaluation of the impact of our targeted support. We remain committed to expanding our services by increasing accommodation capacity and designated funds are in place for this purpose. • organisational review is underway to further strengthen The Winchester Beacon structure and establish a Seni adership Team. With our new strategic plan in place, we are continuing to work with Lloyds Bank Foundati consultants to build on our financial resilience and change management programme. We anticipate that local government reorganisation and upcoming legislative changes will impact our sector in the coming years. We will closely monitor any developments to assess their effect on our organisation and take the necessary steps to safeguard our mission and legacy. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its Articles of Association as adopted on 27th October 2023 following approval of the amendments by the Charity Commission. These replace the original Articles of Association adopted on 7th February 2000 and amended on 9th October 2020. Induction and training of new trustees This year following the resignation of 2 experienced Trustees and change of Chair; we completed a skills assessment exercise and have made plans to recruit 4 new Trustees on a phased basis during 2025. The trustees as listed below, are appointed by election to the Management Committee. They are the trustees and guarantors of the company to an amount not to exceed fl per person. The company is limited by guarantee and is prohibited from making any form of distribution to the guarantors. The governing document is available for viewing at our registered office. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03928334 (England and Wales) Registered Charity number 1080443 Registered office Winchester Churches Nightshelter 20B Jewry Street Winchester Hampshire SO23 8RZ Page 6
Winchester Churches Nightshelter operating as The Winchester Beacon Report of the Trustees for the Year Ended 31st March 2025 Trustees Tracy Jones Fiona Gibbon - Treasurer Patrick Fowler (resigned 4.9.24) Anthony Arkwright (resigned 26.7.24) Victoria Hemmings - Chair Julian Gerry Vincent Kerr - Company Secretary David Close (resigned 3.9.25) Sharon Ann Collins (appointed 30.4.25) Michael Dickson (appointed 1.5.25) Anne Diver (appointed 16.7.25) Management Committee The Management Committee includes all of the above trustees plus Mark Wakeling (Chief Executive- resigned 31.03.25), to whom the day to day operation of the charity was delegated. From June 2025 Mark Lee had been helping on an interim basis until September 2025 when Robyn Kohler was hired as permanent CEO. Company Secretary Vincent Kerr Independent Examiner D A Sanders BA (Hons) FCA Sheen Stickland Chartered Accountants 2 Oriel Court Omega Park Alton Hampshire GU34 2YT Bankers CAF Bank Ltd 25 Kings Hill Avenue West Malling Kent ME19 4TA Legal advisers Warner and Richardson LLP 29 Jewry Street Winchester Hampshire SO23 8RR This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 27/10/2025 ... and signed on its behalf by: Page 7
Independent Examiner's Report to the Trustees of Winchester Churches Nightshelter Independent examiner's report to the trustees of Winchester Churches Nightshelter ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2025. Responsibilities and basis of report As the charity's 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 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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can 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 matters have come to my attention in connection with the examination giving me cause to believe: 1. 4. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records; or 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 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 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. D A Sanders BA (Hons) FCA Sheen Stickland Chartered Accountants 2 Oriel Court Omega Park Alton Hampshire GU34 2YT Date: 1 all 2025 Page 8
Winchester Churches Nightshelter operating as The Winchester Beacon Statement of Financial Activities for the Year Ended 31st March 2025 Notes INCOME AND ENDOWMENTS FROM Donations, grants and legacies 4 Charitable activities Costs directly related to the Nightshelter Rents and benefits received Fundraising activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Costs directly related to the Nightshelter 8 9 Administration costs Total NET INCOME/(EXPENDITURE RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD Unrestricted fund 450,493 (2,500) 148,160 4,076 32,206 632,435 20,646 452,195 62,794 535,635 96,800 1,141,810 1,238,610 Designated funds - - - - - Restricted funds € 56,406 2,500 - : 58,906 15,000 65,714 - 80,714 (21,808) 486,000 486,000 316,764 294,956 The notes form part of these financial statements Page 9 2025 Total funds 506,899 - 148,160 4,076 32,206 691,341 35,646 517,909 62,794 616,349 74,992 1,944,574 2.019.566 2024 Total funds 626,096 - 137,902 17,574 31,487 813,059 18,087 531,718 52,856 602,661 210,398 1,734,176 1,944,574
Winchester Churches Nightshelter operating as The Winchester Beacon Balance Sheet 31st March 2025 Unrestricted fund € 833,369 Designated funds Restricted funds FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank and in hand Notes 14 4,720 453,454 458,174 CREDITORS Amounts falling due within one year 16 (35,733) NET CURRENT ASSETS 422,441 TOTAL ASSETS LESS CURRENT LIABILITIES PROVISIONS FOR LIABILITIES 1,255,810 18 (17,200) NET ASSETS FUNDS Unrestricted funds Designated funds Restricted funds TOTAL FUNDS 1,238,610 19 - 186,000 486,000 486,000 486,000 - 486,000 282,797 12,159 12,159 - 12,159 294,956 294,956 2025 Total funds € 1,116,166 4,720 951,613 956,333 (35,733) 220,600 2,036,766 (17,200) 2,019,566 1,238,610 486,000 294,956 2.019,566 2024 Total funds 1,131,940 3,330 867,762 871,092 (41,258) 829,834 1,961,774 (17,200) 1,944,574 1,141,810 486,000 316,764 1,944.574 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable 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 which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements Page 10 continued...
Winchester Churches Nightshelter operating as The Winchester Beacon alance Sheet - continue Ist March 202: These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue 27|10 12025 and were signed on its behalf by: Usterp Victoria Her mings - Trustee 7. Gibba ana Gibbon - Trust The notes form part of these financial statements Page 11
• Winchester Churches Nightshelter operating as The Winchester Beacon Cash Flow Statement for the Year Ended 31st March 2025 Notes 2025 Cash flows from operating activities Cash generated from operations Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Investment income Net cash provided by/(used in) investing activities Cash flows from financing activities Income attributable to endowment Expenditure attributable to endowment Net cash (used in)/provided by financing activities 85,167 85,167 (11,714) 32,206 20,492 58,906 (80,714) (21,808) Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period 83,851 867,762 951.613 The notes form part of these financial statements Page 12 2024 € 156,269 156,269 (188,884) 31,487 (157,397) 134,972 (70,494) 64.478 63,350 804,412 867,762
Vinchester Churches Nightshelte perating as The Winchester Beaco Notes to the Cash Flow Statement for the Year Ended 31st March 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 Net income for the reporting period (as per the Statement of Financial Adjustments for: Depreciation charges Income attributable to endowment Expenditure attributable to endowment Investment income Increase in debtors (Decrease)/increase in creditors Net cash provided by operations 74,992 27,488 (58,906) 80,714 (32,206) (1,390) (5,525) 85,167 2. ANALYSIS OF CHANGES IN NET FUNDS Net cash Cash at bank and in hand Total AL 1424 867,762 867,762 867,762 Cash now 83,851 83,851 83,851 The notes form part of these financial statements Page 13 2024 210,398 24,559 (134,972) 70,494 (31,487) (310) 17,587 156,269 At 31.3.25 € 951,613 951,613 251,613
Winchester Churches Nightshelter operating as The Winchester Beacon Notes to the Financial Statements for the Year Ended 31st March 2025 2. STATEMENT OF COMPLIANCE The Winchester Churches Nightshelter is an incorporated charity registered in England, charity number 1080443. The registered office is Jewry Street, WInchester, Hampshire, SO23 8RZ. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019); Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The Charitable Company had net current assets of unrestricted funds of f422,44l as at 31st March 2025 (2024: £331,482). The trustees consider, on the basis of the information available to them, that the Charitable Company has adequate resources to continue in operational existence for the foreseeable future and for this reason the board of trustees continues to adopt the going concern basis in preparing the financial statements. Income Income comprises donations, grants, rents and housing benefits receivable. All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Where grants are receivable in respect of a specific time period, they are treated as debtors provided that they are subsequently received in full. Where grants are receivable in respect of specific expenditure they are treated as income when the expenditure has been incurred. Legacies Legacies are recognised when there is sufficient evidence to prove that it is more likely than not that the legacy will be received and the value of the legacy can be measured with sufficient reliability. Receipt is normally considered to be probable when there has been a grant of probate; the executors have established that there are sufficient assets in the estate, after settling any liabilities, to pay the legacy and any conditions attached to the legacy are either within the control of the charity or have been met. Exbities are recognised as expenditure as soon as there is a legal or constructive obligation commiting the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life Freehold property Leasehold property Fixtures and equipment not provided over the remaining life of the lease 25% on cost Page 14 continued...
Winchester Churches Nightshelter operating as The Winchester Beacon Notes to the Financial Statements - continued for the Year Ended 31st March 2025 2. 3. ACCOUNTING POLICIES - continued Tangible fixed assets Freehold properties are valued at cost and are not depreciated. The properties are maintained in good repair and in the opinion of the trustees it is considered that the residual values are such that depreciation is not significant. Any gain or loss arising on the disposal of an asset is determined by the difference between sale proceeds and carrying value of the asset, and is credited or charged to the profit or loss. Taxation The charitable company is exempt from Corporation Tax on its charitable activities. Pure acted finds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds represent unrestricted funds earmarked for particular purposes by the trustees of the charitable company in the exercise of their discretionary powers. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Cash and cash equivalents & current asset investments Cash and cash equivalents comprise of cash in hand and cash at bank. Short term debtors are stated at the settlement amount due after any trade discount offered. Appropriate allowances for estimated irrecoverable amounts are recognised in the Statement of Financial Activities when there is objective evidence that the asset is impaired Creditors Creditors and provisions are measured at their settlement value. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Critical accounting estimates and assumptions Fixed asset investments Fixed asset investments are classified as such after consideration is given for their intended purpose. The trustees have given consideration as to how the investments will be used in the future. The resources are considered to be in long term use. Page 15 continued...
Winchester Churches Nightshelter operating as The Winchester Beacon Notes to the Financial Statements - continued for the Year Ended 31st March 2025 DONATIONS, GRANTS AND LEGACIES Donations Gift Aid recovered Grants 5. 6. 7. FUNDRAISING ACTIVITIES Fundraising events INVESTMENT INCOME Deposit funds INCOME FROM CHARITABLE ACTIVITIES Rents received less recoverable Housing Benefit Activity Rents and benefits received Rents and benefits received 8. RAISING FUNDS Raising donations and legacies Fundraising expenses Page 16 2025 338,776 17,063 151,060 506,899 2024 377,839 17,628 230,629 626,096 2025 2.076 2024 17,574 2025 32,20€ 2025 36,563 111,597 148,160 2024 31,487 2024 34,151 103,751 137.902 2025 € 35,64 2024 18,087 continued...
Vinchester Churches Nightshelter perating as The Winchester Beacor Tor the Year Enaced 315 tamen 2-continued 9. CHARITABLE ACTIVITIES COSTS Costs directly related to the Nightshelter Direct Costs 517,902 10. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Independent examiner's remuneration Other accountancy fees Underprovision in previous years Other professional fees 2025 27,188 1,177 5,423 23,162 2024 24,559 1,070 4,930 2,364 8,468 11. 12. TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024. Trustees' expenses During the year a total of £653 (2024: £Nil) was paid to trustees in respect of reimbursement of payments made on behalf of the charity. STAFF COSTS Wages and salaries Social security costs Other pension costs 2025 352,318 28,208 18,333 398,859 2024 349,439 28,443 18,142 396,024 In addition £16,200 (2024 - £14,600) of wages and salaries is charged to fundraising expenses in the Statement of Financial Activities. This represents a proportion of the salary of the PR and marketing co-ordinator to cover the time spent on fundraising activities. The average monthly number of employees during the year was as follows: Staff 2025 2024 14 No employees received emoluments in excess of €60,000. The paraune pation ns with macemy personnel is set by the trustes, having regard to levels of pay for Page 17 continued...
Winchester Churches Nightshelter operating as The Winchester Beacon Notes to the Financial Statements - continued for the Year Ended 31st March 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted 491,124 - INCOME AND ENDOWMENTS FROM Donations, grants and legacies Charitable activities Rents and benefits received Fundraising activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Costs directly related to the Nightshelter 137,902 17,574 31,487 678,087 : 3,087 Administration costs Total NET INCOME Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 476,224 52,856 532,167 145,920 (295,318) (149,398) 1,291,208 1,141,810 280,000 280,000 206,000 486,000 Page 18 Endowment 134,972 Total funds 626,096 134,972 137,902 17,574 31,487 813,059 15,000 18,087 55,494 70,494 64,478 15,318 79,796 236,968 316,764 531,718 52,856 602,661 210,398 210,398 1,734,176 1,944,574 continued...
Winchester Churches Nightshelter operating as The Winchester Beacon otes to the Financial Statements - continue or the Year Ended 31st March 202 14. TANGIBLE FIXED ASSETS Fixtures COST At 1st April 2024 Additions Freehold property € 623,139 Leasehold and property € equipment Totals S84.755 10,138 1,218,032 11,714 11,714 At 31 st March 2025 623,139 584,755 21,852 1,229,746 DEPRECIATION At Ist April 2024 Charge for year At 31st March 2025 3.489 86,092 - 202 3.69 22,05 103,928 9,652 113,580 NET BOOK VALUE At 31st March 2025 At 31st March 2024 623,139 623,139 480,827 502,852 12,200 5,949 1,116,166 1,131,940 The leasehold property for the Jewry Street premises was acquired in 1996. As at 31st March 2025 ther emained 70 years on the lease The lease for one property in Eastleigh expired in 2019 and is continuing on a month by month basis thereafter. 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 2025 1,72 2024 3,330 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors Accruals and deferred income 4,795 6,753 2,853 21,332 35,733 2024 1,644 8,536 3,378 27,700 41.258 Page 19 continued...
• pinching as The dies Mights beacon Notes to the Financial Statements - continued for the Year Ended 31st March 2025 17. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: Within one year Between one and five years 18. PROVISIONS FOR LIABILITIES Provisions 2025 8,820 11,000 19,820 2025 17,200 2024 2,820 2,820 17,200 19. Provision has been made for the likely level of insurance premium recharge which has historically not been recharged to the charity. MOVEMENT IN FUNDS Unrestricted funds General fund Designated funds Move on houses refurbishment New house func Restricted funds Capital fund Resident support fund Lesley Cunnea Fund TOTAL FUNDS 411424 1,141,810 86,000 400,000 486,000 304,412 7,202 5,150 316,764 1,944,574 Net movement in funds 26,800 : - (21,615) (3,972) 3,779 (21,808) 74,992 At 31.3.25 € 1,238,610 86,000 400,000 486,000 282,797 3,330 294,956 2,019,566 Page 20 continued...
Winchester Churches Nightshelter operating as The Winchester Beacon otes to the Financial Statements - continue r the Year Ended 31st March 202 19. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Capital fund Core support fund Tenancy support fund Resident support fund Fundraising fund Staffing fund Lesley Cunnea Fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Designated funds Jewry Street refurbishment fund Move on houses refurbishment New house fund Restricted funds Capital fund Core support fund Resident support fund Lesley Cunnea Fund Transformation fund TOTAL FUNDS At 1.4.23 € 1,291,208 150,000 56,000 206,000 144,462 3,000 16,44 73,064 236,968 1,734,176 Page 21 Incoming resources 632,435 2,500 15,000 5,000 3,779 58,906 691,341 Net movement in funds € 145,920 : - 71,568 (3,000) (9,240) 5,150 64,478 210,398 Resources expended (535,635) (21,615) (2,000) (30,627) (6,472) (15,000) (5,000) (80,714) (616,349) Transfers between funds € (295,318) (150,000) 30,000 400,000 280,000 88,382 : (13.064) 15,318 Movement in funds € 96,800 (21,615) (3,972) 3.779 (21,808) 74,992 At 31.3.24 1,141,810 86,000 400,000 486,000 304,412 7,202 5,150 316,764 1,944,574 continued...
Winchester Churches Nightshelter operating as The Winchester Beacon Notes to the Financial Statements - continued for the Year Ended 31st March 2025 19. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Capital fund Core support fund Resident support tund Fundraising fund Staffing fund Lesley Cunnea Fund TOTAL FUNDS Incoming resources 678,087 93,183 15,000 5,000 5,150 134,972 813,052 Resources expended (532,167) (21,615) (4,500) (15,139) (9,240) (15,000) (5,000) (70,494) (602,661) Movement in funds 145,920 71,568 (3,000) (9,240) 64,478 210,398 20. €86,000 is for Marion's House property extension works. The capital fund primarily represents the value of grants received for the purpose of building the Nightshelter ss accumulated depreciation to date. Where additional income has been received towards capital expenditu is income has been added to this ful "he other restricted funds represent income received for specific purposes less expenditure on those purposes The balance therefore represents restricted income received where the related expenditure has yet to take plac CAPITAL COMMITMENTS Contracted but not provided for in the financial statements 2025 103,326 2024 The Winchester Churches Nightshelter has a capital commitment of €103,326 which relates to the extension of the Marion's House property of which £86,000 has been included in the designated funds. Page 22 continued...
Winchester Churches Nightshelter operating as The Winchester Beacon Notes to the Financial Statements - continued for the Year Ended 31st March 2025 21. 22. RELATED PARTY DISCLOSURES During the year a total of £653 (2024: £Nil) was paid to trustees in respect of reimbursement of payments made on behalf of the charity. COMPANY STATUS The charitable company is a private company limited by guarantee and consequently does not have a share capital. Each of the members is liable to contribute an amount not exceeding fl towards the assets of the company in the event of liquidation. Page 23
• Winchester Churches Nightshelter operating as The Winchester Beacon Detailed Statement of Financial Activities for the Year Ended 31st March 2025 INCOME AND ENDOWMENTS Donations, grants and legacies Donations Gift Aid recovered Grants Fundraising activities Fundraising events Investment income Deposit funds Charitable activities Rents received less recoverable Housing Benefit 338,776 17,063 151,060 506,899 4,076 32,206 36,563 111,597 148,160 691,341 Total incoming resources EXPENDITURE Raising donations and legacies Fundraising expenses Charitable activities Wages and salaries Social security Pensions Rent and rates Light, heat and water Resident support expenses Catering and household costs Repairs and maintenance Depreciation of leasehold property Depreciation of fixtures and equipment Administration costs Insurance Telephone Subscriptions Carried forwar 35,646 352,318 28,208 18,333 18,552 27,922 15,082 10,744 19,262 22,025 5,463 517,909 8,398 5,581 1,035 15,014 This page does not form part of the statutory financial statements Page 24 377,839 17,628 230,629 626,096 17,574 31,487 34,151 103,751 137,902 813,059 18,087 349,439 28,443 18,142 16,272 35,188 21,229 10,274 28,172 22,025 2,534 531,718 4,686 7,551 1,548 13,785
inchester Churches Nightshelti berating as The Winchester Beaco Detailed Statement of Financial Activities for the Year Ended 31st March 2025 Administration costs Brought forward Staff training Bank charges Other administrative costs Independent examiner's remuneration Other accountancy fees Accountancy - underprovision in previous year Computer costs Recruitment costs Legal and professional fees Total resources expended Net income 2025 15,014 5,044 1,338 4,700 1,177 5,423 5,546 1,390 23,162 62,794 616,349 74.992 This page does not form part of the statutory financial statements Page 25 2024 13,785 1,708 1,471 2,918 1,070 4,930 2,364 16,146 8,464 52,856 602,661 210,398