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2022-03-31-accounts

NO LIMITS (SOUTH) NO LIMITS TRUSTEES, REPOR & FINANCIAL STATEMENTS Helplng Young People H•lp Thèms•lv•s FOR THE YEAR ENDED 31ST MARCH 2022 CHARITY NO. 1088835 COMPANY NO 04183173

No Limits (South)

Financial Statements

Contents
Trustees’ Annual Report
Independent Auditors’ Report
Statement of Financial Activities
Balance Sheet
Statement of Cash flow
Notes to the financial statements		 Page
1-10
11-14
15
16
17
18-36

No Limits (South)

Trustees’ Report for the Year Ended 31 March 2022

Charity Reference and Administrative Details

Charity No 1088835
Company No 04183173
Trustees Stephen Taylor Chair
Gavin Bergin Vice Chair
Nigel Dibben Treasurer (appointed 21 September 2021)
Anjelica Finnegan Treasurer (resigned 16 November 2021)
Carol Evans
Sarah Anderson (resigned 16 November 2021)
Andrew Simpson
Charlotte Bemand
Jenny Boland
Mark Dichlian (appointed 21 August 2021)
Ana Brankovic (resigned 22 March 2022)
Bwalya Mulenga (appointed 14 June 2022)
Rebecca Paradise (appointed 13 July 2022)
Chiara Wall (appointed 13 July 2022)
Marcella Dobson (appointed 13 July 2022)
Chief Executive Officer Natalie Webb
Registered Office 35 The Avenue (Copies of financial
Southampton statements can be
SO17 1XN obtained from this address)
Auditors Fiander Tovell Limited
Stag Gates House
63/64 The Avenue
Southampton
SO17 1XS
Bankers Bank of Scotland
33 Old Broad Street
London
BX2 1LB

The company is limited by guarantee and has no share capital. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed by its Articles of Association. Under those Articles, all Trustees are elected at the AGM and retire by rotation every three years thereafter.

1

Trustees’ Annual Report for the year ended 31 March 2022

The Trustees present their annual report and the audited financial statements of the Charity for the year ended 31 March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s memorandum and articles (its governing document), the Charities Act 2011, Companies Act 2006 and “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) (issued on 16 July 2014 and amended on 2 February 2016).”

The annual report includes the directors’ report as required by company law.

About No Limits

No Limits is an award-winning, local, independent charity providing a unique combination of prevention, early intervention and crisis support to young people, based on a nationally evidenced model. We provide information, advice, counselling and support through a range of services available ‘under one roof’. Set up in 1993 we have grown to support thousands of young people in Southampton and across Hampshire through our Advice Centre and the specialist projects we deliver as well as drop-in sessions in schools/colleges.

We meet the needs of the most deprived, vulnerable and isolated young people who often don’t access mainstream services. By supporting across a wide range of issues including sexual health, relationships, mental health, housing, debt and employment we support young people through the transition from adolescence to adulthood, often helping them climb out of, or avoid, social exclusion. Almost 6,100 children and young people accessed our services last year.

We provide advice and support through our drop-in Advice Centre in Southampton High Street, a friendly, accessible space open for over 40 hours per week, including evenings and weekends. Young people can drop in for a chat and cup of tea without appointment. This flexibility, combined with the non-judgemental, young personcentred approach of the youth workers, mean that many of the barriers to seeking help often faced by vulnerable young people are removed. The youth workers are trusted by young people – often the only professionals that are seen to be ‘on their side’. From the drop-in, young people can be referred on to our specialist services including housing and homelessness; substance misuse; vulnerable groups (young carers, care leavers, young offenders, child sexual exploitation); young parents; counselling; therapeutic groups (anger management, anxiety, bereavement).

Objectives

No Limits charitable objective is to help relieve and prevent suffering caused by mental or physical ill-health or by social or economic circumstances amongst young people; by establishing, maintaining, and developing an information, advice and counselling service for the individual and/or group.

The No Limits Strategy outlines its vision, mission and values, and identifies priorities and strategic aims for the delivery of its operations.

The Youth Information, Advice and Counselling Service model (YIACS) on which No Limits is based is a nationally proven early intervention model, with a substantial and long-standing evidence base for its effectiveness. Many government and independent reports over the past 30 years have highlighted the effectiveness of holistic 'under one roof' models of service for young people. Young people are offered support on a range of issues in a young person-centred environment. As a YIACS, No Limits 'meets young people where they are’ and brings together youth information, advice on social welfare, emotional health and wellbeing, and counselling services with a range of positive activities and the support of statutory partners.

No Limits achieves its objectives by delivering a range of services including:

2

Quality and Monitoring

No Limits meets a variety of quality standards demonstrating competence across a range of service delivery, including:

We believe a well-trained workforce leads to safer services for young people, leading to fewer incidents and improved reporting. Health and Safety training is given to employees and their competence to safely perform work tasks assessed by Managers and the CEO.

Our governance structures monitor, review and evaluate activity to ensure that No Limits fulfils its responsibilities as an employer and deliverer of services to children, young people and their families. We have a policy of transparency concerning meetings relating to investigations and incidents with minutes available and reported back to Trustees. This ensures the safety of the workforce and service user, quality of service and robustness of the Charity’s services.

Systems are in place to monitor and quality assure the implementation and compliance of safeguarding standards.

3

No Limits monitors performance using recording systems and databases. Reports are provided on an individual project and funder basis and a wider organisational Impact Report is published annually. Performance of service delivery is monitored through contracts and management systems which identify risk of underperformance.

Working in Partnership

No Limits has been working in the local children and youth services sector for 29 years and is a highly respected and trusted voice for children and young people. We have a long track record of identifying unmet needs and working on creative solutions with partner agencies and have built and sustained relationships with both voluntary and statutory organisations, to secure the best outcomes for young people. We have strong multi-agency links including with the Youth Offending Service, Probation service, Local Authority services such as Early Help, Housing, Social Care and Public Health; Rape Crisis, Schools, Colleges, Universities, health services, CAMHS, sexual health, substance misuse, Emergency Department and GPs; Missing, Exploited and Trafficked team.

We work in partnership with local voluntary sector organisations including Citizens Advice, Youth Options, Yellow Door and Solent Mind. We are the lead agency in a Hampshire-wide consortium of 10 voluntary sector youth organisations offering counselling to children and young people across the county. Staff contribute to a number of local, regional and national strategic and practitioner groups and forums, representing children and young people's needs.

We host a separate charity, Breakout Youth, providing back office support and office space. Breakout Youth and No Limits have worked together for many years. Breakout Youth provides one to one and group support to children and young people who identify as LGBTQ+.

No Limits Trading Ltd is a 100% owned subsidiary utilising the Charity’s expertise to offer a broad range of counselling, group work and training for individuals, schools, companies and charities. Any taxable profits generated will be gifted to No Limits enabling us to support more children and young people.

Our Structure, Governance and Management

No Limits’ charitable purposes[1] include the following as described in The Charities Act 2011:

The prevention or relief of poverty; the advancement of education; the advancement of health; the advancement of citizenship or community development; the advancement of human rights, conflict resolution or reconciliation or racial harmony or equality and diversity; the relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage.

The Charity Trustees' responsibility is to ensure that they carry out their Charity's aims for the public benefit and report on their Charity's public benefit in their Trustees' Annual Report.

Delivery of the charitable purposes is the responsibility of the Trustee board who govern No Limits. The Trustee board meets formally four times per year to review performance, ensure effective governance and provide strategic direction for the future. The Board has three formal sub-committees covering our four strategic areas of operation, each complete with terms of reference who explore issues in greater depth and report back to the Trustee board.

No Limits is committed to having a diverse and active Trustee board. The Trustee Recruitment, Selection and Induction process that No Limits follows is in line with the Charity Commission document RS1.

Day to day management of the Charity is delegated to the Charity's Chief Executive and the Senior Leadership Team who meet regularly to ensure the charity is operationally achieving its charitable objectives.

No Limits’ Chief Executive is Natalie Webb who joined the team in 2020. Natalie has overall responsibility for management of the organisation, leadership, strategic partnerships and developing the service. The Senior

1 'Charitable purposes' are those that fall within the descriptions of charitable purposes set out in The Charities Act 2011, and that are for the public benefit

4

Leadership Team includes Head of Services, Head of Finance and Resources, and Head of People and Culture. Together with the CEO they provide leadership across all strategic activities.

Staff and volunteers are well trained, and performance is monitored through a supervision and appraisal system. Sickness is monitored and managed, and staff satisfaction is measured through a regular staff survey.

Our volunteers work across our services and are an essential, much-respected part of our workforce, working alongside our paid staff as equal partners and trained to the same level. All people interested in exploring volunteering opportunities are invited to attend our induction training and are then carefully matched with projects and provided with specialist training. Once in their volunteer post they receive regular supervision from their team leaders and can access clinical supervision if needed.

Young people are encouraged to contribute to service developments through a range of participation methods including our bi-annual consultation, comments boxes and participation in our Youth Ambassadors programme.

The results of our bi-annual ‘Have Your Say’ consultations also inform development and priorities for the organisation, recognising when we could deliver better for young people. Our experience has shown that young people being involved in this way benefits the organisation and the young person.

Covid19

Prior to Covid19 many children and young people struggled. The demand for mental health and support services was high and exceeded support available, the impacts of deprivation and poverty were significant, and many children and young people were vulnerable. The pandemic has left a legacy of increased need, much of it more complex than before Covid19. No Limits continues to work hard across all its services to ensure that children and young people, and their supporters, have access to the help and support they need. We resumed all face-to-face services as soon as we could and have continued some additional virtual services where they were found to increase access and engagement.

Our Business Plan

2021 – 22 was the first year of our new three-year organisational Strategy.

Our Strategy has four primary goals:

5

Within each goal, we have a number of ambitions and actions which we use to measure progress against each year in our annual Impact Report and through regular reporting to the Trustee board.

At No Limits all our services are underpinned by core values, we are:

Our Impact

No Limits has a significant impact on the children and young people it supports. In 2021-22:

The feedback about No Limits from the people it helps evidences the difference it makes. In survey results:

Risk Review

Trustees are responsible for the effective management of risk and for making sure that internal controls are in place and operating as designed. The Trustee Board review and agree the risk strategy and assessment. The Trustees have reviewed the major risks to which the Charity is exposed, and systems have been established to mitigate those risks. Risks are recorded on a Risk Register which the CEO monitors and updates on a regular basis.

6

Financial Results

The annual accounts show a surplus of £242,036 which reflects additional income received from funders for current and future projects alongside prudent expenditure management which resulted in annual costs being close to budget. In years prior to Covid19 pandemic a target surplus of 3% of turnover has been agreed by the Trustees to contribute to reserves to protect the Charity in the event of future changes. This accumulated surplus provides No Limits with some financial security for the future and will contribute to unknown changes which may be required coming out of Covid19.

During the year there has been an 8.2% growth in income. Income from Charitable Activities grew by 11% mainly driven by new contracts won. Grant income fell by 18.1%. Donations rose fivefold, mainly driven by a single large unrestricted donation. No Limits continues to work towards achieving longer term funding to provide stability for the Charity.

Several contracts are due to end in March 2023. Tenders are being completed and submitted when issued or, where appropriate, discussions are progressing to extend them. All of these contracts have TUPE rights attached to them and if No Limits are not successful in retaining these contracts a number of staff will be transferred to the new provider reducing our expenditure as income falls.

Principal sources of income in the year were:

Hampshire CCG £747,127 Southampton City Council – DASH £482,497 Hampshire Police & Crime Commissioner £289,200 Solent NHS Trust £282,788 NHS Hampshire, Southampton & IOW CCG £221,004 Hampshire County Council – Frankie project £218,811 Citizens Advice Bureau (Advice, Information & Guidance) £137,156 Southampton City Council – Comprehensive Counselling £144,151 Hampshire Constabulary £123,115 Breakout Youth £121,381 Barclays 100 x 100 £100,000

Other sources of income are disclosed in Note 4 of the financial statements.

The Charity continues to make a use of volunteers in the course of its charitable activities. Volunteers make a crucial contribution to the Charity including the provision of information, advice and counselling services at the Charity's Advice Centre. The contribution from volunteers has not been included in the accounts. This is considered to be in accordance with guidance in the SORP.

Governance costs fell slightly to 0.6% of total expenditure compared to 0.8% in the previous year.

Fundraising Activities

The Finance and Infrastructure Subgroup of the No Limits Trustee Board oversees fundraising and meets quarterly, receiving a report from the fundraising team and Head of Finance and Resources.

The Fundraising Manager and CEO oversee day to day fundraising activities including writing bids and tenders, working with corporate partners and engaging in promotion of the Charity, community fundraising and events.

During the year, we were grateful to receive significant grants and donations from Children in Need, National Lottery Community Fund, Barclays 100 x 100 and, through Southampton Hospitals Charities, a major gift from a private donor. We received generous support from a number of corporate donors to whom we extend our thanks, as well as individual donors and community groups.

7

Future Financial Strategy

Future strategies will continue to focus on a balance of maintaining reserves at a level recommended by the Charity Commission whilst retaining the flexibility to manage potential variations in operational demands which are outside the control of the Charity. The primary annual target is to deliver a break-even budget, with a secondary target for a surplus of 3% of total income each year (approximately £100,000) where conditions allow for this. New funding sources will continue to be sought and secured which will contribute to the generic drop-in advice and support services for which No Limits has built up a substantial reputation and expertise but is not fully funded.

The Trustee strategy for future funding is to continue to broaden the funding base of the Charity into new areas of income such as individual giving and the private business sector.

Reserves Policy

Total reserves are £2,725,200 which includes £42,074 of restricted reserves. £1,372,119 is held as an unrestricted General Reserve. £250,000 is designated as a business development reserve to cover costs of continuing existing services in the event of temporary funding loss, as well as new initiatives. £100,000 is designated as a business transformation fund to cover costs of making changes of the structure of the charity such as pay review and IT changes. The remaining reserves of £961,007 represent the fixed assets of the Charity.

The Trustees have agreed that reserve requirements should be monitored with reference to:

The unrestricted general reserve amounts to 5 months of unrestricted expenditure. The Trustees are of a view that the Charity is a going concern.

Investment Performance and Policy

The objectives of the No Limits investment policy are to invest surplus funds prudently in accordance with the responsibilities of trustees. Priority will be to ensure security and liquidity.

Surplus funds will be invested via investment advisers in four ways:

8

A diverse investment strategy will be promoted by firstly agreeing the cash sum to be held on deposit and then allocating 1/3 of the residual balance to each of stocks and shares, property and programme related investments.

The overall risk appetite of No Limits investments is low .

The priorities within this policy are liquidity and security rather than yield. Property assets will be longer term but realisable. Market investments will be ethical, and a mixture of short and medium term and any new programme related investments will be over the medium term with a view to improving services for younger people through new enterprises.

Statement of Trustees’ Responsibilities

The Trustees (who are also Directors of No Limits (South) for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far at the Trustees are aware:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

9

Auditor

The Auditor, Fiander Tovell Limited, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

Small Companies Disclosure

This report has been prepared in accordance with the provisions applicable to companies’ subject to the small companies’ regime in Part 15 of the Companies Act 2006. The Trustees confirm that this Report and Financial Statements complies with current statutory requirements, the 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) (as amended for accounting period commencing from 1 January 2016), and with the Charity’s Memorandum and Articles of Association.

Approved by the Trustees and signed on their behalf by:

Stephen Taylor Trustee 12 December 2022

10

Independent Auditors’ Report for the Year Ended 31 March 2022 to the Members of No Limits (South)

Opinion

We have audited the financial statements of No Limits (South) (the ‘parent charitable company’) and its subsidiary (the ‘group’) for the year ended 31 March 2022 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Consolidated Statement of Cashflows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

11

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the Trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the statement of Trustees' responsibilities, the Trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

12

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

Audit response to risks identified

To address the risk of fraud through management bias and override controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

13

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Andrew Jay ACA FCCA (Senior Statutory Auditor) for and on behalf of Fiander Tovell Limited

12 December 2022

Chartered Accountants Statutory Auditor Stag Gates House 63/64 The Avenue Southampton Hampshire SO17 1XS

14

No Limits (South)

Consolidated Statement of Financial Activities (Incorporating the Income and Expenditure Account) for the Year Ended 31 March 2022

Note
Income from:
Donations and legacies
4a
Charitable activities
4b
Commercial trading operations
4c
Investments
4d
Total Income
Expenditure on:
Fundraising
6
Charitable activities
5
Commercial trading operations
Total Expenditure
Net (loss)/gains on
investments
Net Income
Transfers
Gross transfers between funds
14
Net Movement in Funds
Reconciliation of Funds:
Total Funds brought forward at 1 April 2021
Total Funds carried forward at 31 March 2022
15		 Unrestricted
Funds
Restricted
Funds
Total
Funds
Total
Funds
2022
2022
2022
2021
£
£
£
£
242,992
722,372
965,364
1,022,881
3,168,234
-
3,168,234
2,839,014
55,008
-
55,008
39,249
43,657
-
43,657
10,987
3,509,891
722,372
4,232,263
3,912,131
111,909
-
111,909
129,268
3,143,458
721,866
3,865,324
3,224,034
5,688
-
5,688
3,274
3,261,055
721,866
3,982,921
3,356,576
(7,306)
-
(7,306)
-
241,530
506
242,036
555,555
(4,154)
4,154
-
-
237,376
4,660
242,036
555,555
2,445,750
37,414
2,483,164
1,927,609
2,683,126
42,074
2,725,200
**2,483,164 **

All income and expenditure derive from continuing activities.

The statement of financial activities includes all gains and losses recognised during the year and therefore no separate statement of the total recognised gains and losses is presented.

15

No Limits (South)

Consolidated Balance Sheet as at 31 March 2022

Note
Fixed Assets
Tangible fixed assets
9
Investments
Investment portfolio
9
Total Fixed Assets
Current Assets
Debtors
Loan
11
Cash at bank and in hand
Total Current
Assets
Creditors:Amounts falling due
within one year
12
Net Current Assets
Total Assets less Current
Liabilities
Total Net Assets
Funds of the Charity
Unrestricted Funds
14,15
Designated Funds
Functional fixed asset fund
14,15
Business transformation fund
14,15
Business development
reserve
14,15
Revaluation reserve
9,14,15
Restricted Funds
14,15
Total Funds		 Group
Charity
2022
2022
£
£
841,007
841,007
120,000
292,694
120,001
292,694
1,253,701
1,253,702
575,444
-
583,614
50,000
3,036,616
3,015,032
3,612,060
3,648,646
(2,140,561)
(2,122,862)
1,471,499
1,525,784
2,725,200
2,779,486
2,725,200
2,779,486
1,372,119
1,426,405
915,059
915,059
100,000
100,000
250,000
250,000
45,948
45,948
42,074
42,074
2,725,200
2,779,486		 Group
Charity
2021
2021
£
£
963,675
963,675
120,000
-
120,001
-
1,083,675
1,083,676
511,943
-
567,548
-
2,221,816
2,200,620
2,733,759
2,768,168
(1,334,270)
(1,323,152)
1,399,489
1,445,016
2,483,164
2,528,692
2,483,164
2,528,692
1,112,075
1,157,603
1,037,727
1,037,727
-
-
250,000
250,000
45,948
45,948
37,414
37,414
2,483,164
2,528,692

The financial statements were prepared in accordance with the provisions applicable to companies’ subject to the small companies’ regime within part 15 of the Companies Act 2006. The financial statements have been approved and authorised for issue by the Board on 12 December 2022.

Signed on behalf of the board of trustees:

Stephen Taylor Trustee

The notes on pages 18 to 36 form part of these financial statements. Company registration number: 4183173

16

No Limits (South)

Statement of Cash Flows and Consolidated Statement of Cash Flows for the Year Ended 31 March 2022

Note
Cash flow from operating activities
19
Net cash flow from operating activities
Cash flow from investing activities
Payments to acquire tangible fixed assets
Payments to acquire investment portfolio
Interest receivable
Net cash flow from investing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at 1 April 2021
Cash and cash equivalents at 31 March 2022
Cash and cash equivalents consist of:
Cash at bank and in hand
Cash and cash equivalents at 31 March 2022		 Group
Charity
2022
2022
£
£
1,123,119
1,122,731
1,123,119
1,122,731
(8,319)
(8,319)
(300,000)
(300,000)
-
-
(308,319)
(308,319)
814,800
814,412
2,221,816
2,200,620
3,036,616
3,015,032
3,036,616
3,015,032
3,036,616
3,015,032		 Group
Charity
2021
2021
£
£
771,655
780,477
771,655
780,477
-
-
-
-
835
835
835
835
772,490
781,312
1,449,326
1,419,308
2,221,816
2,220,620
2,221,816
2,200,620
2,221,816
2,200,620

17

No Limits (South)

Notes (forming part of the financial statements) for the Year Ended 31 March 2022

1 Principal Accounting Policies

Basis of Preparation

No Limits (South) is a company limited by guarantee in the United Kingdom and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.

At the time of approving the accounts, the Trustees have considered that there are no material uncertainties about the Charity’s ability to continue. The Trustees have considered the impact of the current cost of living crisis on the Charity’s operations but forecasts indicate that there is sufficient headroom that this does not create a material uncertainty. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity. The accounts are rounded to the nearest pound.

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

No Limits Trading Ltd is a 100% owned subsidiary of No Limits.

Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of Trustees in furtherance of the general objectives of the charity and have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or which have been raised by the charity for specific purposes. Expenditure which meets either of these criteria is identified to the fund.

Designated funds are determined by the Trustees from time to time as being held for specific purposes, for example to hold a reserve in respect of future eventualities such as re-organisation or staff redundancies which may be necessary in the light of predicted funding changes.

Service Provision

Income in respect of contractual services provided to other agencies is accounted for in the period in which the service is provided and is also included under the heading ‘Income from Charitable Activities’.

Incoming Resources

18

All incoming resources are included in the Statement of Financial Activities (SOFA) on an accruals basis, except to the extent that grants receivable must be applied to future periods of expenditure or are contingent on future requirements being fulfilled, in which case recognition will be when that criteria has been met.

Income from grants receivable are classified as ‘Voluntary Income’ when they are general in nature in support of the charity’s objectives, as opposed to ‘Contract Income’ where funding is closely linked to agreed project outputs. ‘Contract Income’ is classified under ‘Income from Charitable Activities’ along with income from discrete activities for which a fee is charged, e.g. specific work carried out in schools.

Income is deferred if the funder has expressly stated that grants are to be applied to future accounting periods, or if there is some expectation from the funder that amounts in connection with the grant should be repaid in future periods.

Grants receivable in respect of fixed assets are included in the SOFA in the period in which they are received in accordance with the SORP.

‘In-Kind’ contributions or services donated to the charity are normally valued at cost (as determined by the donor) or a reasonable estimate of actual cost if such information is unavailable.

No amount is included in the financial statements for the volunteer time, in line with SORP (FRS 102). Further information is provided in the Trustee’s Report.

Investment income from property is recognised on receipt.

Expenditure

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to transfer resources. All costs have been directly attributed to one of the functional categories of resources in the SOFA. Expenditure subject to VAT which is not recoverable is shown inclusive of VAT.

Apportionment of costs across headings of the SOFA is carried out in relation to claims for grant funding. A method based on the allocation of staff time is used for revenue expenditure on direct project activities, premises, management, and administration. As far as possible, depreciation costs are apportioned either to project activities or premises costs using appropriate apportionment criteria.

Costs are allocated to the Governance category where they cannot be clearly allocated to project activities or are of a strategic nature, e.g. insurance and legal expenses.

Pension Scheme

No Limits operates a Group Personal Pension Scheme (defined contribution) provided by AEGON plc and administered by Andrew Routley Pensions Limited. The assets of this scheme are held separately from those of the Charity. Pension costs charged in the SOFA represent the contributions payable by the Charity in the year.

Fixed Assets and Depreciation

It is the policy of the Charity to capitalise assets costing over £1,000 and with an expected useful life in excess of three years. With the exception of freehold property, a full year’s depreciation is charged in the year of acquisition.

19

Depreciation is provided on the following bases following an assessment of the estimated useful economic life and anticipated residual value:

Furniture and Equipment Straight line basis over 4 years Computer Equipment Straight line basis over 3 years Freehold Property Straight line basis over 25 years with no depreciation charged in the year of acquisition Leasehold Property Improvements Over the remaining life of the lease

Investment Properties

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in ‘net gains/(losses) on investments’ in the SOFA.

Impairment

At each reporting period end date, the Trustees review the carrying amounts of the Charity’s tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. Indicators of impairment may include significant declines in an asset’s market value, evidence of physical damage, significant reorganisation of the Charity or changes in the statutory or political environment in which the Charity operates. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Leases

Rentals payable and receivable under operating leases are charged to the SOFA on a straight-line basis over the period of the lease.

Cash and cash equivalents

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Financial Instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of Financial Assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

20

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of Financial Assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of Financial Liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic Financial Liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of Financial Liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2 Judgements and Key Sources of Estimation Uncertainty

The trustees consider that there are no material areas of judgement or estimation uncertainty.

21

3 Financial Performance of the Charity

The summary financial performance of the charity alone is:

Income
Expenditure on charitable activities
Net Income
Other recognised gains/(losses)
Net movement in Funds for the year
Reconciliation of Funds:
Total Funds brought forward at 1 April 2021
Total Funds carried forward at 31 March 2022
Represented by:
Restricted income funds
Unrestricted income funds		 2022
£
4,240,228
4,240,228
(3,982,128)
258,100
(7,306)
250,794
2,528,692
2,779,486
42,074
2,737,412
2,779,486		 2021
£
3,927,459
3,927,459
(3,363,492)
563,967
-
563,967
1,964,725
2,528,692
37,414
2,491,278
2,528,692

4 Incoming Resources

4a Donations and legacies

Grants
Donations & Similar Incoming Resources
Donated Services & Facilities		 Unrestricted
Funds
Restricted
Funds
Total Funds
Total Funds
2022
2022
2022
2021
£
£
£
£
91,785
722,372
814,157
994,549
151,207
-
151,207
28,332
-
242,992
722,372
965,364
1,022,881

Income from government grants comprises of grants made by local authorities to fund social related services as described in the Trustees’ report. See below for more information as to the amount and source of these grants.

22

(Note 4a continued)
Grants
Big Lottery Fund – Help Through
Crisis
Big Lottery Fund – Reaching
Communities (Preventing
Homelessness)
The Blagrave Trust
Dept. of Health & Social Care –
Health & Wellbeing Fund
Youth Endowment Fund
Southampton City Council (Other)
Police & Crime Commissioner
Hampshire County Council –
Children’s Services
Job Retention Scheme
Southampton City Council – Violence
Reduction Unit
Youth Access – Equal Access in Mind
MIND – Coronavirus Mental Health
Response Fund
Children in Need – Stay Safe
Swire Foundation
Co-Op Foundation/Big Lottery Fund
#iwill
The Big Lottery Fund – Princes Trust
Paul Hamlyn Foundation
Southampton CCG
Pilgrim’s Trust
Southampton City Council –
Employment Hub
Southampton Voluntary Services
National Emergency Trust
Communities Against Cancer
The Julia and Hans Rausing Trust
Garfield Weston
Nationwide
Charles Hayward
HIWCF
Other
For the year ended 31 March 2021		 Unrestricted
Funds
Restricted
Funds
Total Funds
Total
Funds
2022
2022
2022
2021
£
£
£
£
-
19,893
19,893
166,939
-
67,591
67,591
128,231
37,500
48,948
86,448
95,000
-
32,000
32,000
80,000
-
21,063
21,063
63,249
-
-
-
60,018
-
289,200
289,200
49,203
-
-
-
41,400
-
-
-
37,358
-
15,400
15,400
36,630
-
-
-
36,585
-
-
-
34,363
-
32,897
32,897
31,983
-
8,200
8,200
25,000
-
11,666
11,666
23,333
-
22,898
22,898
20,684
-
30,000
30,000
17,500
-
-
-
10,181
14,285
-
14,285
10,000
-
27,369
27,369
9,952
-
-
-
8,607
-
-
-
5,000
-
-
-
3,333
54,768
54,768
-
40,000
-
40,000
-
-
18,200
18,200
-
-
10,000
10,000
-
-
8,906
8,906
-
-
3,373
3,373
-
91,785
722,372
814,157
994,549
222,301
772,248
994,549

23

(Note 4a continued)
Donations and Similar Incoming Resources
Miscellaneous
Barclays
King Edward VI School
European Metal Group
Southern Health NHS
Mayor of Southampton
Richard Kirkman Trust
Southampton FC – Ex Saints
For the year ended 31 March 2021		 Unrestricted
Funds
Restricted
Funds
Total Funds
Total Funds
2022
2022
2022
2021
£
£
£
£
38,291
-
38,291
22,832
100,000
-
100,000
-
-
-
-
3,500
3,000
-
3,000
-
-
-
-
2,000
4,916
-
4,916
-
2,000
-
2,000
-
3,000
-
3,000
-
151,207
-
151,207
28,332
27,582
750
28,332

Donated Services and Facilities

The Charity has received support from volunteers in providing information, advice and counselling services at the Charity’s drop-in centres. This is invaluable support and the Trustees are not able to value this in monetary terms.

24

4b Charitable activities
Hampshire CCG Counselling
Southampton City Council - DASH
Solent NHS Trust
Barnardos
NHS Hampshire, Southampton & IOW
CCG
Hampshire County Council - Frankie
Citizens Advice Bureau (Advice,
Information & Guidance)
NHS Southampton CCG
Hampshire Constabulary
Southampton City Council (Comprehensive
Counselling)
Breakout Youth
MENCAP
Portsmouth City Council
Southampton City Council (Health &
Wellbeing Drop Ins)
NHS Frimley CCG/North Hants – Safe
Haven
YMCA (Housing Related Support)
Solent Mind
Isle of Wight CCG
Street Games
Change Grow Live
Southampton City Council – Peer Support
Hampshire County Council – Other
Yellow Door
Southampton City Council (Other)
Income from providing student placements
Carers in Southampton
Other
For the year ended 31 March 2021		 Unrestricted
Funds
Restricted
Funds
Total
Funds
Total Funds
2022
2022
2022
2021
£
£
£
£
747,127
-
747,127
595,935
482,497
-
482,497
482,497
282,788
-
282,788
304,390
6,420
-
6,420
190,599
221,004
-
221,004
-
218,811
-
218,811
186,004
137,156
-
137,156
137,156
102,319
-
102,319
125,000
123,115
-
123,115
115,088
144,151
-
144,151
104,151
121,381
-
121,381
91,712
98,807
-
98,807
88,279
76,432
76,432
-
66,576
-
66,576
66,576
70,000
-
70,000
62,034
57,525
-
57,525
57,525
39,798
-
39,798
-
-
-
-
50,000
7,000
-
7,000
38,300
28,469
-
28,469
37,255
-
-
-
36,465
77,406
-
77,406
21,627
20,000
-
20,000
20,000
34,478
-
34,478
17,081
3,117
-
3,117
6,232
-
-
-
4,180
1,857
-
1,857
928
3,168,234
3,168,234
2,839,014
2,839,014
-
2,839,014

25

4c Income earned from other activities

The summary financial performance of the subsidiary alone is:
2022
£
Turnover
59,902
Cost of sales and administrative costs
(68,660)
Net loss
(8,758)
The assets and liabilities of the subsidiary were:
Current assets
39,428
Current liabilities
(43,713)
Long term liabilities
(50,000)
Total net assets
(54,285)
Aggregate share capital and reserves
(54,285)
4d Investment Income
Unrestricted
Funds
Restricted
Funds
Total
Funds
2022
2022
2022
£
£
£
Rent receivable
10,100
-
10,100
Bank interest receivable
-
-
-
Income from managing agents
33,557
33,557
43,657
-
43,657
For the year ended 31 March 2021
10,987
-		 The summary financial performance of the subsidiary alone is:
2022
£
Turnover
59,902
Cost of sales and administrative costs
(68,660)
Net loss
(8,758)
The assets and liabilities of the subsidiary were:
Current assets
39,428
Current liabilities
(43,713)
Long term liabilities
(50,000)
Total net assets
(54,285)
Aggregate share capital and reserves
(54,285)
4d Investment Income
Unrestricted
Funds
Restricted
Funds
Total
Funds
2022
2022
2022
£
£
£
Rent receivable
10,100
-
10,100
Bank interest receivable
-
-
-
Income from managing agents
33,557
33,557
43,657
-
43,657
For the year ended 31 March 2021
10,987
-		 The summary financial performance of the subsidiary alone is:
2022
£
Turnover
59,902
Cost of sales and administrative costs
(68,660)
Net loss
(8,758)
The assets and liabilities of the subsidiary were:
Current assets
39,428
Current liabilities
(43,713)
Long term liabilities
(50,000)
Total net assets
(54,285)
Aggregate share capital and reserves
(54,285)
4d Investment Income
Unrestricted
Funds
Restricted
Funds
Total
Funds
2022
2022
2022
£
£
£
Rent receivable
10,100
-
10,100
Bank interest receivable
-
-
-
Income from managing agents
33,557
33,557
43,657
-
43,657
For the year ended 31 March 2021
10,987
-		 2021
£
49,439
(57,850)
(8,411)

25,071
(20,598)
(50,000)
(45,527)
(45,527)
Total Funds
2021
£
10,152
835
-
43,657 -
43,657		 10,987
10,987 - 10,987

5 Analysis of expenditure on charitable activities

Charitable Activities*
Activities undertaken directly
Support costs
For the year ended 31 March 2021		 Unrestricted
Funds
Restricted
Funds
Total
Funds
Total
Funds
2022
2022
2022
2021
£
£
£
£
2,576,815
655,695
3,232,510
2,801,776
566,643
66,171
632,814
422,258
3,143,458
721,866
3,865,324
3,224,034
2,445,665
778,369
3,224,034
,

*The Trustees consider that there is one charitable activity, within which there are a number of projects, as discussed in the Trustees’ report.

26

6 Allocation of Support Costs

Fundraising
Charitable
Activities
2022
2022
£
£
Support costs
Governance
-
24,739
Finance
-
89,314
Information technology
-
249,719
Human resources
-
55,113
Depreciation
-
130,986
Office costs
-
82,943
Fundraising (salaries)
103,002
-
Other
8,907
-
111,909
632,814
7
Governance Costs
Governance costs
Auditor’s remuneration
Legal and professional fees
Insurance
Other
8
Operating Charges
Net income for the year is stated after charging:
Auditor’s remuneration:
-
Audit fees
-
Taxation
Depreciation of tangible fixed assets
Impairment of tangible fixed assets
Operating lease rentals – land & buildings
Operating lease rentals - other		 Fundraising
Charitable
Activities
2022
2022
£
£
-
24,739
-
89,314
-
249,719
-
55,113
-
130,986
-
82,943
103,002
-
8,907
-		 Total
Total
2022
2021
£
£

24,739
28,622

89,314
94,335

249,719
133,023

55,113
13,242

130,986
58,183

82,943
94,853
103,002
124,368
8,907
4,900
111,909
632,814		 744,723
551,526
2022
2021
£
£
6,268
6,090
5,737
5,295
12,734
15,497
-
1,740
24,739
28,622
2022
2021
£
£
6,268
6,090
660
600
53,795
58,183
77,192
-
33,000
32,250
17,716
17,715

27

9 Fixed Assets

Tangible Fixed Assets – Charity (also
Cost or Valuation
At 1 April 2021

Additions
Disposals
At 31 March 2022

Depreciation and
diminution in value
At 1 April 2021
Charge for the year
Impairment
Disposals
At 31 March 2022
Net Book Value
At 31 March 2022
At 31 March 2021		 comprising that of the group)
Freehold
Property
Leasehold
Improvements
Furniture &
Equipment
Computer
Equipment
Total
£
£
£
£
£
1,074,500
67,557
28,208
38,316
1,208,581
-
-
-
8,319
8,319
-
-
-
-
-
1,074,500
67,557
28,208
46,635
1,216,900
141,990
40,110
25,271
37,535
244,906
42,979
7,097
2,937
782
53,795
77,192
-
-
-
77,192
-
-
-
-
-
262,161
47,207
28,208
38,317
375,893
812,339
20,350
-
8,318
841,007
932,510
27,447
2,937
781
963,675

Impairment tests have been carried out where appropriate and impairment losses in respect of freehold property totalling £77,192 (2021 : £nil) have been recognised in the SOFA

Investments
Cost or Valuation
At 1 April 2021
Additions
Revaluation
At 31 March 2022
Depreciation and diminution in value
At 1 April 2021
Valuation changes
At 31 March 2022
At 31 March 2022
At 31 March 2021		 Investment
Portfolio
Investment
Properties
Total
£
£
£
-
120,000
120,000
300,000
-
300,000
-
-
-
300,000
120,000
420,000
-
-
-
7,306
-
7,306
7,306
-
7,306
292,694
120,000
412,694
-
120,000
120,000

Investment properties include freehold property of £120,000 stated at fair value. Investment portfolio consists of stocks and shares held in funds with Rathbones.

28

The Charity holds 1 share of £1 in its wholly owned trading subsidiary company, No Limits Trading Ltd which is incorporated in the United Kingdom. These are the only shares allotted, called up and fully paid. The activities and results of this company are summarised in note 4c.

10 Revaluation of Investment Property

The Charity’s freehold investment property located in Shirley, was revalued at 22 March 2018 by Mr Robert Primmer BSc FRICS of Primmer Olds UK Limited, Chartered Surveyors. The valuation was prepared in accordance with the RICS Valuation – Global Standards as published by the Royal Institution of Chartered Surveyors, July 2017. The property was valued on an open market basis at £120,000. At the date of the revaluation, the freehold investment property carried a historical cost of £100,000.

11
Debtors
Pre-payments and accrued income
Other debtors
Loan to subsidiary		 Group
Charity
2022
2022
£
£
165,963
165,963
409,481
417,651
-
50,000
575,444
633,614		 Group
Charity
2021
2021
£
£
50,897
50,897
461,046
466,651
-
50,000
511,943
567,548

12 Creditors: Amounts falling due within one year

Payroll liabilities
Deferred income (see note 13)
Accruals
Other creditors		 Group
Charity
2022
2022
£
£
728,570
728,570
1,065,125
1,050,587
305,280
302,202
41,586
41,503
2,140,561
**2,122,862 **		 Group
Charity
2021
2021
£
£
632,005
632,005
405,252
394,748
125,037
121,800
171,976
174,599
1,334,270
**1,323,152 **

Payroll liabilities relate to amounts owed to Southampton City Council in respect of staff salaries.

13 Deferred Incoming Resources

Balance at 1 April 2021
Incoming resources deferred during the year
Amounts released from previous years
Balance at 31 March 2022		 Group
Charity
2022
2022
£
£
405,252
394,748
1,065,125
1,050,587
(405,252)
(394,748)
1,065,125
**1,050,587 **		 Group
Charity
2021
2021
£
£
173,864
164,308
402,433
391,929
(171,045)
(161,489)
405,252
394,748

Incoming resources deferred during the year relate to grants and income from charitable activities which apply to a future period. It also includes income from NVQ’s that have not yet been completed.

29

14 Funds

Restricted Funds
i.
Big Lottery Fund – Help
Through Crisis
ii.
Big Lottery Fund – Prince’s
Trust
iii.
Big Lottery Fund – Reaching
Communities - Homelessness
iv.
Big Lottery Fund – Reaching
Communities
v.
Blagrave Trust – Youth
Ambassadors
vi.
Children in Need – Stay Safe
vii.
Co-op Foundation #Iwill
viii.
Lester Aldridge
ix.
MIND – Coronavirus Mental
Health Response Fund
x.
Advice Centre
xi.
Next Steps – Young Offenders
xii.
NHS Southampton CCG –
Mental Health Support
xiii.
Norman Seago Trust
xiv.
Paul Hamlyn Foundation –
Youth Fund
xv.
Police & Crime Commissioner
for Hampshire – Domestic
Violence Fund
xvi
Police & Crime Commissioners
Safer Communities Fund
xvii
OPCC – ED Work
xviii
Southampton City Council –
Young Adults Employment Hub
xix
Southampton City Council –
Violence Reduction Unit
xx
Dept of Health & Social Care –
Health & Wellbeing Fund
xxi
Youth Endowment Fund
Charitable Trust
xxii
HIWCF
xxiii
HIWCF – Employment Support
Unrestricted Funds
Designated functional fixed
assets
Business transformation fund
Business development reserve
Revaluation reserve
General purposes fund		 Balance
at 1 April
2021
Income/
Gains
Expenditure/
Losses
Transfers
Balance at
31 March
2022
6,642
19,893
26,122
-
413
6,123
22,898
22,182
-
6,839
6,374
48,630
48,258
-
6,746
-
18,961
18,772
(37)
152
3,249
48,948
55,508
3,311
-
645
32,897
25,987
-
7,555
4,156
11,666
7,977
-
7,845
750
-
-
-
750
349
-
-
(349)
-
-
66,141
66,608
467
-
-
26,400
26,332
-
68
81
-
-
(81)
-
307
-
307
-
-
5,614
30,000
26,880
-
8,734
-
32,000
32,000
-
-
-
17,200
17,103
(97)
-
-
240,000
240,000
-
-
2,168
27,369
30,308
771
-
-
15,400
15,569
169
-
-
32,000
29,028
-
2,972
956
21,063
22,019
-
-
-
4,025
4,025
-
-
-
6,881
6,881
-
-
37,414
722,372
721,866
4,154
42,074
1,037,727
-
122,668
-
915,059
-
-
-
100,000
100,000
250,000
-
-
-
250,000
45,948
-
-
-
45,948
1,112,075
3,509,891
3,145,693
(104,154)
1,372,119
2,445,750
3,509,891
3,268,361
(4,154)
2,683,126

30

14
contd
Funds
Restricted Funds
Big Lottery Fund – Help
Through Crisis
Big Lottery Fund – Reaching
Communities (Peer Support)
Big Lottery Fund – Preventing
Homelessness
Blagrave Trust
Blagrave Trust – Youth
Ambassadors
Children in Need – Stay Safe
Co-op Foundation/Big Lottery
Fund #iwill
Lester Aldridge
MIND – Coronavirus Mental
Health Response Fund
National Emergency Trust
Fund
Dept of Health & Social Care
– Health & Wellbeing Fund
NHS Southampton CCG
Norman Seago Trust
Paul Hamlyn Foundation –
Youth Fund
Police & Crime Commissioner
for Hampshire – Domestic
Abuse and Sexual Violence
Support
Police & Crime
Commissioners Safer
Communities Fund
Southampton City Council –
Young Adults Employment
Hub
Southampton City Council –
Violence Reduction Unit
Youth Endowment Fund
Charitable Trust
Unrestricted Funds
Designated functional fixed
assets
Business development reserve
Revaluation reserve
General purposes fund		 Balance
at 1 April
2020
Income/
Gains
Expenditure/
Losses
Transfers
Balance at
31 March
2021
15,604
166,939
175,901
-
6,642
5,239
20,684
19,800
-
6,123
2,923
128,231
124,780
-
6,374
-
30,000
30,000
-
-
4,910
65,000
66,661
-
3,249
742
31,983
32,080
-
645
12,776
23,333
31,953
-
4,156
-
750
-
-
750
-
34,363
34,014
-
349
-
5,000
5,100
100
-
-
80,000
80,112
112
-
-
10,181
10,100
-
81
307
-
-
-
307
-
17,500
11,886
-
5,614
-
24,203
24,275
72
-
-
25,000
24,997
(3)
-
-
9,952
7,784
-
2,168
-
36,630
36,633
3
-
-
63,249
62,293
-
956

42,501
772,998
778,369
284
37,414
1,096,100
-
58,373
-
1,037,727
-
-
-
250,000
250,000
45,948
-
-
-
45,948
743,060
3,139,133
2,519,834
(250,284)
1,112,075
1,885,108
3,139,133
2,578,207
(284)
2,445,750

31

(Note 14 continued)

32

At the end of the project, where income from restricted funds has not met the full cost of particular activities, transfers have been made from unrestricted funds.

15 Analysis of Funds

Restricted Funds
Designated Funds
Designated functional fixed asset fund
Business Development reserve
Revaluation reserve
Business transformation fund
Unrestricted Funds
General purposes fund
Restricted Funds
Designated Funds
Functional fixed asset fund
Revaluation reserve
COVID recovery fund
Unrestricted Funds
General purposes fund		 Net Current
Assets
Tangible
Fixed
Assets
Total Net
Assets
2022
2022
2022
£
£
£
42,074
-
42,074
-
915,059
915,059
250,000
-
250,000
-
45,948
45,948
100,000
-
100,000
1,079,425
334,048
1,372,119
1,471,499
1,253,701
2,725,200
Net Current
Assets
Tangible
Fixed
Assets
Total Net
Assets
2021
2021
2021
£
£
£
37,414
-
37,414
-
1,037,727
1,037,727
-
45,948
45,948
250,000
-
250,000
1,112,075
-
1,112,075
1,399,489
1,083,675
2,483,164

33

16 Staff Costs and Employee Benefits

The average number of employees during the year was as follows:

Raising funds
Charitable activities
Governance		 2022
2021
Number
Number
4
4
107
103
8
8
119
115

The total staff costs and employee benefits was as follows:

Wages and salaries
Employer’s National Insurance contributions
Employer’s pension contributions (defined contribution scheme)		 2022
2021
£
£
2,651,703
2,215,619
217,717
175,619
88,296
81,777
2,957,716
2,473,015

Total redundancy payments amount to £26,412 (2021: £11,836).

There were 0 employees whose total employee benefits (excluding employer pension costs) fell within £60,000 to £70,000 (2021: 2) and 1 employee who fell within £70,000 to £80,000 (2021: 0).

There were outstanding contributions to the pension scheme at the balance sheet date of £20,442 (2021: £16,902)

17 Trustees’ and Key Management Personnel Remuneration and Expenses

The Trustees neither received nor waived any remuneration (2021: None) during the year.

The Trustees did not have any expenses reimbursed during the year (2021: None).

No trustee has any pension arrangements accruing (2021: None).

Key management personnel comprise the Chief Executive, Head of Services, Head of Finance and Resources and Head of People. Total key management personnel remuneration for the year was £230,226 (2021: £171,908).

Professional indemnity insurance in respect of Trustees and staff was held during the year at a cost of £1,291 (2021: £1,894). This includes Trustee Indemnity insurance premiums of £574 (2021: £833).

34

18 Lease Commitments

Lessee

Operating leases payments represent rentals payable by the company for a property from which it operates and for photocopier and printers which it uses. The property lease has been negotiated for a term of ten years and the equipment lease for five years. Amounts recognised in the Statement of Financial Activities as an expense during the period in respect of operating lease arrangements are £50,715 (2021: £49,965).

The charity had the following future minimum lease payments under non-cancellable operating leases as follows:

Payments due:
Not later than one year
Later than one and not later than five years
Later than five years		 2022
2022
2021
2021
Land &
Buildings
Other
Land &
Buildings
Other
£
£
£
£
33,000
17,716
33,000
17,716
66,000
26,574
99,000
44,289
-
-
-
-
99,000
44,290
132,000
62,005

Lessor

The operating leases represent leases of property to a third party. The lease has been negotiated over terms of five years and rentals are fixed. The lease includes a provision for three-yearly upward rent reviews according to prevailing market conditions.

At the reporting end date, the Charity had contracted with tenants for the following minimum lease payments:

Amounts receivable in respect of non-cancellable operating leases:

Payments due:
Not later than one year
Later than one and not later than five years		 2022
2021
Land & Buildings
Land & Buildings
£
£
10,000
10,000
-
-
10,000
10,000

35

19 Reconciliation of net income to net cash flow from operating activities

Net income for year
Interest receivable
Depreciation and impairment of tangible fixed assets
(Profit)/Loss on the disposal of tangible fixed assets
Investment fund charges
(Gain)/Loss on revaluation
(Increase)/Decrease in debtors
(Decrease)/Increase in creditors
Net cash flow from operating activities		 2022
2021
£
£
242,036
555,555
-
(835)
53,796
58,183
77,191
190
522
0
6,784
0
(63,501)
(246,519)
806,291
405,081
1,123,119
771,655

20 Related Party Transactions

There were no related party transactions during the year.

21 Subsidiary Undertaking

The charitable company owns the whole of the issued ordinary share capital of No Limits Trading Limited, a company incorporated and registered in England (company number 11167244). The subsidiary is used for nonprimary purpose trading activities including counselling, training and education. The total taxable profits will be gifted to the charitable company. No Limits Trading’s results are consolidated in these accounts.

36