Company Number 4271032 Charity Number 1089612 The Porch Llmlted (a company limited by guarantee) Accounts for the year ended 31st March 2024 Wenn Townsend Chartered Accountants Oxford
The Porch Limited (a company limlted by guarantee) Page Company Information Trustees, Report 2to11 Independent Auditor's Report 12to13 Statement of Financial Activities 14 Balance Sheet 15 Statement of Cash Flows 16 Notes to the Accounts 17to28 Income and Expenditure Account 29
The Porch Limited (a company limited by guarantee) Patron: The Rt Revd Dr Steven Croft Bishop of Oxford Trustees: H Merrington-Rust MBE (Chair) S Tomkys (Treasurer) l Gilders P Tonge (Resigned 31 December 2023) T Sheehy (Resigned 19 October 2023) M Fallarino (Resigned 6 July 2023) E Feeny (Appointed 26 January 2024) N Mallett (Appointed 26 January 2024) T Silkin (Appointed 18 April 2024) Registered Charity Number: 1089612 Registered Company Number: 04271032 Address: 139 Magdalen Road Oxford OX4 1RL Auditors: Wenn Townsend Chartered Accountants Oxford Bankers: Lloyds TSB Cowley Oxford Solicitors: Blake Morgan LLP Oxford
The Porch Limited {a company limited by guarantee) Trustees, Report for the year ended 31st March 2024 Reference and administrative details These are shown on page 1. structure, governance and management Governin Document The constitution of the PorGh was established on the formation ofthe Company on 18th August 2001. Previously the Porch had operated as part of the registered charity'The Society of All Saints Sisters of the Poor. (registered number 228383), its assets being a restricted fund of that parent charity since 1986. These assets were subsequently transferred to the new Companywith its charity registration numberon 1stApril 2002. TheTrustees of the Society ofAII Saints Sisters ofthe Poor are the legal 'Members' of The Porch Limited. Trustees and Mana ement The Trustees (who are the directors of the COTnpany) meet at least quarterly for regular meetings and specialist sub committees meet to discuss property and finance matters. An Annual General meeting is then held in July. We are proud to have The Bishop of Oxford as our Patron. Trustee recruitment induction and trainin The charity seeks to recruit its Trustees from diverse backgrounds and to see that each Trustee brings suitable and varied skills to benefit the charily and to ensure the efficient running of the charity. All Trustees are encouraged to attend courses on relevant law and practice updates.A Trustee is designated to spend time at The Porch day centre to gain firsthand knowledge of important operational matters. Princi al Tisks and uncertainties The Truslees have examined the principal areas ofthe Charity's operation and considered the major risks in Ihese areas. The Trustees consider the Charity's systems are such that these risks are mitigated to an acceptable level. Objectives, activlties and public benefit The Trustees have had regard to the Charity Commission's guidance on public benefit in carrying out the charity's objectives. Ob'ects and Mission Statement We are an organi5ation that arose from Christian ministry. Our mission is to help, in a totally non-discriminatory way. homeless, recently re-housed homeless orvulnerably housed people. We encourage our service users {ourmembers)to tackle the issues Ihat prevent them from moving forward towards a more positive lifestyle. Our focus is upon support and nurture, along wilh challenge. We concentrate upon housing, health. wellbeing. education and employment. We provide healthy food. practical help, companionship. leaming skills. work related skills and opportunities for development. We offer an enhanced approach to co-ordinated member care. building on individual care-pathways leading to individual achievement. We have helped members gain employment, find housing, abstain from alcohol and dtugs, improve appearance and social skills, gain educational qualificalions and improve self-esteem. We run a membershipschemewilh members being encouraged to take part in all aspects of running the centre.
The Porch Limited (a company limited by guarantee) Trustees. Report {contlnued) for the year ended 31st March 2024 Activities The Porch is part of the Oxford network that addresses homelessness and its impact, including homelessness prevention. This financial year, The Porch was able to adapt its service provisions to reflect the changes in a post-covid society, enabling The Porch to once again provide a warm, welcoming and safe space for homeless and VLtlnerably housed individuals, offering.. Essential Emergency Provisions A community café serving free wholesome and nourishing rneals., breakfast and lunch, including takeaway option Free laundry and showers facilities Free clothing facility Restroom - facilitating a safe space for individual to relax and sleep Library Free guest wi-fi and a suite of internet-enabled Pcs Free access to a telephone Employment and Training Workshops and basic training in life-skills, money-management, literacy and numeracy Moving Forward Project- volunlary based employment skills through work experience Growing Forward Project- voluntary based employment skills through The Porch Allotment and Gardens Group Activities Green Space Therapy at The Porch allotments and gardens, 3 days per week A weekly art class with materials provided Monthly Creative Writing Class in collaboration with Oxford Poetry Library Fortnightly Music Group Sessions in collaboration with Music at Oxford Weekly community board games Health and Welfare drop-in surgeries Fortnightly Homeless support and advice in collaboration with St. Mungo's Weekly substance misuse support in collaboration with Turning Point Quarterly Sexual Health Clinics in collaboration with Oxford NHS Sexual Health Service Quarterly Hep C Clinics in collaboration with Oxford Hep C Trust Movin Forward Pro ect MFP The Porch Moving Forward Initiative is design to support individuals with making gentle steps towards gaining employment related skills and experience. Pfospective Moving Forward volunteers are invited to discuss their goals and aspirations and to evaluate the suitability of Ihe MFP, in its ability to meet the needs of the individual. Moving Forward Voluntsry opportunities include.. Catering Mentoring Allotments and Garden Service delivery Porch Preserves Project Individual tailored approach
The Porch Limited (a company limited by guarantee) Trustees, Report for the year ended 31st March 2024 All participants of the MFP must agree to Ihe terms and conditions of the Programme i.e. specific times and days of voluntary participation. Participations are incentivised with travel assistance, relevant clothing, meals. food parcels, gym memberships, relevant skills training and qualifications. Allotment & Gardens Green S ace Thera The Porch Allotment and Gardens are an integral part of our Moving Forward Strategy to also provide additional opportunities in delivering Green Space Therapy to our volunteers. Spending time in nature can help reduce stress and promote relaxation. The calming and tranquil environment of green spaces can have a soothing effect on the mind and body, and can facilitate mindfulness and being present in the moment. It encourages individuals to focus on their immediate surroundings and detach from the stresses of daily life and increase a sense of well-being. The Porch Allotment and Gardens provides its volunteers opportunities for social interactions with others, promoting a sense of community and support. Participants learn planting, cultivating, and maintaining various types of plants, including vegetables, fruits, flowers, and herbs. How to prepare soil. sow seeds, transplant seedlings. waler. weed, and harvest crops. Allolmenls require planning and organizalion. Volunteers learn schedule planting. prioritize tasks, and coordination with other volunteers. The produce grown on our allotment is used in the many meals that we provide to our members as well as our Porch Preserves Jams and Chutneys. OurAllotment and Gardens volunteers also get the option to take produGe home. Porch Preserdes The Porch continues to make and sell ourown pickles. relish, jams, and chutneys using the home-grown vegetables and fruit grown on ourallotmentand gardens.All produce is handmade, carried out in ourdedicated Porch PreseNes kitchen. Moving Forward Volunteers are involved in the production of the produce and are trained in food hygiene, production. design and marketing. During the harvesting season we operate our own fruitjuicing activity, however. this healthy product is for members. consumption only. Performance and Achievements What we do The Porch is Oxford's oldest and largest day centre for the homeless. We work with all homeless agencies. including Oxford City Council, to provide a safe space for homeless and vulnerably housed people. We also workwith Oxford City Council to refer rough sleepers to their street leam for assessment. 5UPPOrt City Council during Severe Weather Emergency Provision, and submit our statistics of client usage to improve services across the city via Ihe Council's homelessness monitoring. We are open to all who need our seryices. This means we can deliver services to anyone that needs support. We are the only local service that provides hot meals, showers and a laundry service in addition to our one-to-one support service tackling clients, welfare. housing, employment and health need5. We are fully registered as a homeless café (during the financial year we maintained a 5-star rating) and, uniquely in Oxford, have dedicated kitchen facilities to prepare hot food on site which also enabled us to train our clients in catering skills. The Porch has developed various activities to assist ourmembers with feeling a part of the widercommunity and having a more satisfying lifestyle. We also help members find improved accommodation and, rf required, to find voluntary or part time work. We work actively and individually with members planning with them on a support plan basis, seeking to be positive and realistic in outlining appropriate short-term goals. The Charity provide5 a welcoming environmentwhere those in need can access various resources and assistsnce. The Porch has continued to provide consistent provisions for vulnerable clients as highlighted below..
The Porch Limited {a company limited by guarantee) Trustees, Report for the year ended 31st March 2024 The Porch Service User Demographic by Gender April 2023- March 2024 Female 85 Male 473 Non-bii)ary li Prefer not to say Total Conibin•d 570 io) 2QY) 3(Xl 4(X) SW Total Combined 570 Prefer not to 5èy Non-biiiary li Male Female 85 Year 23- 24 473 p. Total Conibinod r, Prefer not to say Non-binary ll Male Feniale The Porch Service User Demographic by Age April 2023- March 2024 6W 477 4(J) 18-24 3(K) 2W 1125-64 i( 79 14 65+ 18-24 25-64 65+
The Porch Limited (a company limited by guarantee) Trustees, Report for the year ended 31st March 2024 Essential Provisions Provided at The Porch April 2023- March 2024 Pet Food 204 Clothing 539 Laundry 474 Slioi'iers 1059 Food Parcels 153 2(X) 4QK) 6CXJ Iwo 1200 Food Parce15 Shoi'jers Laiindi-y 474 Clothi ng 539 Pet Food 204 Year 23- 24 153 1059 Parcpls hoi'oers • Laiindrv Clorl)in8 Pet Food Meals Provided at The Porch April 2023- March 2024 180CK) 16810 160( 140 120 11152 Iwo) Breakfast 80)0 Comniunity Cafe Takeab'iay 60 Total 4(DO 3187 2471 2QK)O Break135t Con1171lllllty Cafe 11152 Takea¥*iav 2471 Total Year 23-24 3187 16810
The Porch Limited (a company limited by guarantee) Trustees, Report for the year ended 31st March 2024 The Porch Service User Identified Needs April 2023- March 2024 '0 P..%to'.Irso 10 Piit,Iic f unils 5.50/• lJ.tK)..<. ILI.C().: The Porch Service User Housing Status April 2023- March 2024 Home Oi'iner Approved Preniises 1 4 Private Rented 31 Social Housing 106 Supported AcconiTriadation 124 sofa Siirrin8 49 Rough sleeping Eniorgency Tgnikioray AcconinTradattoii 52 201 50 IQK) 150 2CKJ 250 Emergency Temporav Rough AccorTITiiad Sleeping ation Supported Sofa Surfin8 AccnNimak %ocial Housing Privat Reiiiell Approved Preinises HDnie Year 23- 24 52 201 49 124 106 31 Emergency Ten)poray AcconTrmadatioii * Rougli Sleeping Sofa Surfing Supported Acconirtiadatio Social Housin8 Approved Premisè5 Private Rented Hoine Oiioner
The Porch Limlted (a company limited by guarantee> Trustees, Report for the year ended 31st March 2024 The Porch continues to collaborate with many local charitable organisations. We are constantly exploring new initiatives and partnerships. We have been reacquainted with many individuals and organisations within the local sector ensuring that The Porch is included in discussions and invitations for grants and donations. and other speculative endeavours. Oxford City Council The Porch works closely with Oxford City Council supporting their local homeless support initiative and associated supportive service throughout the homeless Pathway. The Porch attends quarterly multiagency meetings with other homeless, supportive and social housing providers. The Porch also attends weekly Rough Sleeper initiative meetings. In collaboration with Oxford City Council, The Porch extended its service provisions during the cold weather spell to accommodate homeless individuals at our church venue through the Severe Winter Emergency Provisions {SWEP), as well as other individuals that were experiencing homelessness, to include weekend breakfast. The Oxford Homeless Pathway The Porch works with many organisations within all the Oxford Homeless Palhway and provides a significant role within charitable adult social care provisions in Oxford. st. Mungo's St. Mungo's outreach teams go out at night and early in the morning looking for individuals that are sleeping rough to help them off the streets. Their priority is to get people into safe accommodation. We work in close partnership with St. Mungo's to help people access accommodation and support through a weekly drop in surgery at The Porch for individuals that predominately require support for homelessness. Oxford Mutual Aid {Porch Pantry) The Porch regularly donates surplus food to Oxford Mutual Aid which is then distributed through their food bank. This extends the Porch's ability to reach out to those vulnerable to homeless. The Porch also works collaboratively with Oxford Mutual Aid under the initialive of Porch Pantry. The Porch provides a collection point throughout the week for individuals to collect food parcels prepared by Oxford Mutual Aid. Music at Oxford Music at Oxford, whose mission is to create and curate eclectic series of high-quality evenls and projects in and around Oxford for the enjoyment of all. provides opportunities for Porch members to attend its concerts as well as facilitate music sessions at The Porch. This is being done through fortnightly musio sessions exploring percussion instruments. singing, body percussion and music technology that is client led, which is based on Ihe needs and desires of the participants involved. Dogs on the Streets The Porch is worked in collaboration with the charity. Dogs on the Streets (DOTS), to offer a free Veterinary Dog Surgery to homeless individuals andlor those in supported accommodation. Dogs on the Streets, founded in 2016 by Michelle Clark. is a mulli-award-winning UK charity supporting rough sleepers and members of the homeless community who have dogs. It offers 2417 support for these dogs and their homeless owners.
The Porch Limited (a company Ilmited by guarantee) Trustees, Report for the year ended 31st MaTch 2024 Turning Polnt Turning Point Roads is an all-purpose drug and alcohol treatment service located in Oxfordshire & commissioned by Oxfordshire County Council. In collaboration with Turning Point, we provide a weekly drop-in substance misuse surgery. Elder Stubbs - The Porch Allotment and Gardens The PorchAllotmenl and Garden programme operates in association with the Elder Stubbs charitywhich provides a base and support for local community-based initiatives. Vocational trainin The Porch continues lo host student placements from Oxford Brookes Department of Sport. Health and Social Work. Safe uardin The Porch continues to take a multi-agency approach to both male and female clients that are particularly vulnerable to exploitation and trafficking during the pandemic period. Female specific support included.. Attending Thames Valley Police Sex Workers Intervention Panel (SWIP} Pioneering initiatives with Oxford Sexual Health and the Terrance Higgins Trust to fund solutions to vulnerable people facing barriers into accessing sexual health services. This included provision of sanitary packs and arranging a self-defence information webinar on Facebook. Being part of a female-specific service that is made up of the services within Oxford's homeless pathway. New buildin 41a Ma dalen Road Thanks to Ail Saints Sisters of the Poor. founders of The Porch. and many of our supporters, we've been able to take ownership of a nearby disused church hall in need of renovation, close to our existing location which we have been using for Severe Weather Emergency Provisions. Communi en ement The Porch would like to thank the numerous community groups, church parishes and individuals that have supported us throughout the year. Without this continued good will, the Porch would not be able to provide the support it does! The Porch is the vehicle that deliveries upon the goodwill of these counuess groups and individuals. Your support is hugely appreciated and never forgotten Challen es faced The Porch Day Centre in Oxford faces several significant challenges as it continues its mission to support homeless and vulnerably housed individuals. Funding and Flnancial Stability.. The Porch relies heavily on donations and grants to sustain its operations. The ongoing need for financial support is a major challenge, especially given the increased costs. OX4 Food Crew. This is an alliance of nine grassroots organizations working towards a shared aim-. that everyone in the area has enough food. is well nourished and can thrive. The Porch will collaborate with this initiative to explore how resources might be shared to help achieve ils Obje1ve.
The Porch Llmited (a company limited by guarantee) Trustees, Report for the year ended 31st March 2024 1. Infrastructure and Expansion.. The Porch is in the process of refurbishing a new building to offer enhanced services such as meals, showers, laundry, and training facilities. This transition involves significant logistical and financial hurdles. 2. Volunteer and Staff Management.. With a reduction in volunteer numbers, alongside a dedicated team of staff members, managing human resources effectively is crucial. Ensuring volunteers are well-supported and trained, alongside maintaining staff morale and capacity, is an ongoing challenge. 3. Servlce Delivery and Cllentsupport: The Porch provides a wide range ofservices, from hot meals and laundry facilities to employability skills and therapy sessions. Coordinating these activities and ensuring they meet the diverse needs of the client group requires conslant careful planning and resources. 4. Health and Safety- Safeguarding vulnerable beneficiaries and managing health risks are critical concerns. The need to provide a safe and accessible environment for both clients and staff adds another layer ofcomplexity to our operations Addressing these challenges requires continuous effort. comrnunitysupport, and strategic planning to ensure The Porch an continue to provide vital services to those in need in Oxford. Financial review Investment olic The Trustees seek to maximise incomefrom cash reseNes held, which are currently plad with CCLACharity Funds and Lloyds Bank. In the currentyear the investment portfolio with CCLA rose by £9,507 (2023: £2.272 fall) to £97,897 (2023= £77,391). An additional £11.000 was transferred into the CCLA investment portfolio during the year. Flnancial o erations The Trustees are aware thatourfinancial operations remain very tight and are èver vigilant as to ways to ensure that our income does not drop and that expenditure is tightly controlled. Cash Ilow is strictly controlled by the Treasurer and Director. During the year the part time fundraiser has made a positive impact on cash flow but 2024125 will continue to bring challenges to sustaining income. The Porch owns the freehold to the property 139 Magdalen Road, and 41a Magdalen Road. All cash mallers are reported by the Treasurer at the Trustees. meetings. We have efficient monitoring procedures in place that provide accurate data thal is required by our funders. Buildin The Trustees consider Ihat the buildings, value of the property at 139. Magdalen Road. Oxford, is in excess of the buildings, value stated in the audiled accounts which is Gurrently held at cost. The Trustees have not obtained a professional valuation ofthe new premises on Magdalen Road. The Society ofAII Saints granted an interestfree loan to The Porch £500.000 for purchase ofthe new premises 41a Magdalen Road in the year ended 31st March 2020, pending the disposal of 139 Magdalen Road. Reserves olic 'Free reserves, are those unrestricted funds not invested in fixed assets, designated for specific purposes or otherwise committed. The level ofthose free reserves forThe Porch Limited at 31st March 2024 is £238,211 (2023.- £135.4661. The Trustees aim to hold at least 6 months of future operating costs within free reseNes and therefore consider this level to be appropriate currently. 10
The Porch Limited (a company limited by guarantee) Trustees. Report for the year ended 31st March 2024 Statement of Tru5tees' responslbilities with regard to accounts The Trustees {who are also directors forthe purpose of company law) are responsible for preparing the Trustees, Report and the accounts in accordancewith applicable law and United Kingdom accounting standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare accounts for each financial period which give a true and fair view of the state of affairs of the charity and ofthe income and expenditure ofthe charityforthe year. In preparing those accounls the Trustees are required to.. Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the charities SORP. Make judgements and estimates that are reasonable and prudent. State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts, Prepare the accounts on the going concern basis unless it is inappropriate to presume that Ihe charity will continue. The Trustees are responsible for keeping properaccounting records which disclose with reasonable accuracyatanytime the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware.. There is no relevant audit information of which the charity's auditors are unaware. They have taken all the steps that they ought to have taken to make themselve5 aware of any relevant audit information and to establish that the charity's auditors are aware of that information. This report has been prepared having laken advantage of the small companies exemption in the Companies Act 2006. On behalf of the board Helen Merrington- Rust MBE Chair
The Porch Limited (a company limited by guarantee) Independent Auditor's Report to the members of The Porch Limited Opinion We have audited the financial statements of The Porch Limited (the'charilable company,) for the year ended 31st March 2024 which comprise the Stslemenl of Financial Activities. the Balance Sheet and notes lo the financial slalements, 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 Stsndard applicable in the UK 8nd Republic of I19nd (United Kingdom Generally Accepted Accounting Prdctice). In our opinion the financi81 statements.. give a true and fair view of the slate of the charitable company's affairs as al 31st March 2024, and of ils incoming resources and 8pplicalion of resources, including ils income and expenditure, for the year then ended., have been properly prepared in aceordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UK} IISAS {UKII and 8pplieable law. Our responsibilities under those standards are further described in the Auditoff s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK. including the FRC'S Ethic81 Standard. and we have fulfilled ourolherelhical responsibilities in accordance with these requirements. We belleve that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slalemenls. we have Concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial slalements is appropriate. Based on the workwe have performed. we have not identified any material uncertainlies relating to events orcondilions that, individually or collectively, may cast significant doubt on the charitable company's ability lo continue as a going concern for a period of at least twelve months from when the financial ststements are aulhorised for issue. Our responsibilities and the iesponsibilities of the trustees with respect lo going concern are described in the relevant sections of this report. Other infonnation The Iruslees are responsible for the other information. The other information comprises the infomialion included in the trustees, annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except lo the extentolherwise expliThlly slated in our report, we do not express any fom) of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is lo read the other information and. in doing so, consider whether the other infomialion is materially inconsistent with the financial statements or our knowledge obtained in the audit orolherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstalemenls. we are required to determine whether there 15 a material misslalement in the financial slalemenls 01 a material misslalemenl of the other information. If, based on the work we have performed. we conclude that there is a material misslatemenl of Ihis other information, we are required lo report that fact. We have nothing to report in this regard. Oplnions on other Matters prgscribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the 8udil.' the information given in the trustees. report {incorporaling the directors, report) for the financial year for which the fina ncial statements are prepared is consislenl with the financial statements., and the directors. report has been prepared in accordance with applicable legal requirements. Matters on whlch we are rgquired to report by exceptlon In the light of our knowledge and understanding of the charitable company and its environment obtained in the Course of the audit, we have not identified material misslalemen15 in Ihe directors. report. We have nothing to report in respect of the followng matters in relation to which the Companies Act 2006 requires us lo reportto you rf. in our opinion.. adequate accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us., or the financial slalements are not in agreement with the accounting records and returns., or ertain disclosures of directors. remuneration specified by law are not made.. or we have not received all the infomiation and explanations we require for our audit- or the trustee5 were not enlilled to prepare the financial stalernents in accordance wlth the small companles, regime and take advantage of the srnall companies, exemptions in preparing the directors. report and from the requirement to prepare a strategic report. 12
The Porch Limited (a company limlted by guarantee) Independent Auditor's Report to the members of The Porch Limited (continued) Responslbilities of trustees As explained more fully in the trustees, responsibilities statement sel out on page 11, the trustees (who are also the directors of the charitable company for the purposes 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 Iruslees determine is necessary to enable the prepardtion of financial $18lements that are free from material misstalemenl, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern. disclosing. as applicable, matters related to going concern and using the going COnM basis ofaccounling unless the Iruslees either intend to liquidate the charitable company or to cease operations, or have no realistic allemalive bul to do so. Auditor's responslbilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due lo fraud orerror, 2fhd to issue an auditor's report that ineludes ouropinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always deled a material misstalementwhen it exists. Misslalements can arise from fraud or errorand are considered material if, individuallyorin the aggregate, they could reasonably be expected to influence the economic dectsions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.org.uklaudilorsresponsibilities. This description forms part of our auditorfs report. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. ouvined above, to delect material misslatemenls in respect of irregularities, including fraud. The speafic procedLtres for this engagement and the extent lo which these are capable of detecting irregularities, including fraud is detailed below-. Enquiry of m8nagemenL those charged with governantr and the entity's solicitors around 8CtU81 and potential litigation and claims.. Enquiry of entity staff lo identify any instances of non-compliance with laws and regulations. Reviewing minutes of meetings of those charged with governance: Reviewing financial stalementdisclosures and testing to supporting documentation to assess compliance wlh applicable laws and regulations- Performing audit work over the risk of management override of controls, including testing of journal entries and other adjuslmenls for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates lor bias. Because of the inherent limitations of an audit. there is a risk Ihatwe will not delect all irregularities. including those leading lo a material misstatement in the financial slalemenls or non-compliance with regulation. This risk increases the more that compliance with a lawor regulation is removed from the events and transactions reflected in the financial statements, as wewill be less likelylo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves intentional concealment, forgery. collusion, omission or mi5representalion. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 oflhe Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to slate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's members as a body. for our audit work, for this report, or for the opinions we have formed Andrew Rodzynski FCA (Senior Statutory Auditor) For and on behalf of Wenn Townsend, Statutory Auditor 30 St Giles, Oxford .S./ o.i/ . 2024 13
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The Porch Limited (a company limited by guarantee) Balance Sheet at 31st March 2024 2024 2023 Fixed assets Note Tangible fixed assets 711,034 716,993 Current assets Debtors Investments Cash at bank and in hand 12 13 13,357 97,897 447,881 14,958 77,391 352,552 559,135 444,901 Creditors= Amounts falling due within one year 14 {513,021) (515,281 > Net current (liabilltles)l assets 46,114 (70,380) Net assets 757.148 646,613 Reserves Unrestricted funds Designated funds Restricted funds 19 19 19 428,971 118.141 210.036 311,709 118,141 216,763 757,148 646,613 The financial statements are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies. These accounts were approved by the Board of Trustees on 2024 and signed on its behalf by Helen Merrington- Rust MBE Chair The notes on pages 17 to 28 form part of these accounts. 15
The Porch Llmited (a company limited by guarantee) Statement of Cash Flows at 31st March 2024 2024 2023 Net cash flow from operating activities 15 105,176 62,120 Cash flows from investlng activities: Cash movements on investmenls Interest received Capital expenditure (11.000) 1,776 (623) 1.518 Net cash flow from Investing activities (9.847) 1,518 Change In cash and cash equlvalents in the perlod 95.329 63.638 Cash and cash equivalents brought forward at 1st April 2023 352,552 288,914 Cash and cash equivalents carried fornard at 31st March 2024 447,881 352,552 16
The Porch Limited (a company limited by guarantee) Notes to the accounts for Ihe year ended 31st March 2024 Summary of significant accounting policies Basis of preparation and assessment of going concern The Porch Limited is a charitsble company limited by guarantee in the United Kingdom. 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 nature of the charity's operations and principal activities are noled in the Trustees Report. These accounts have been prepared on an accruals basis and include income and expenditure as they are earned or incurred, rather than as cash is received or paid. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. StatementofRecommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in Oclober 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). the CharitiesAcl 2011, and UK GenerallyAccepted Accounting Practice. The charity constitutes a public benefit entity as defined by FRS 102. Income recognition All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. No credit is taken for either general or gift aid donalions until they are actually received. The amount credited to the income and expenditure account in respecl of gift aid donations does however include the amountof income tax recoverable in respect of income actually received. Legacies are included when the amount has been determined and paid. Grant income is recognised as receivable subject to fulfilment of any associated conditions. Where conditions have been met or are likely to be met, grant income is recognised in full. Expenditure recognition All expenditure is accounted for on an accruals basis. and has been classified under headings thataggregale all costs related to the category. Where costs cannot be directly attributed to particular headings Ihey have been allocated to activities on a basis consistent with use of the resources. The charity is not registered for VAT and all expenditure includes VAT wherever applicable. Charitable activity costs are those costs incurred directly in support of expenditure on the objects of the Charity. Governance cost5 are those incurred in Gonnection with administration ofthe Charity and compliance with constitutional and statutory requirements. Grants payable are included when the recipient has a reasonable expeGtation that they will receive a grant and when any Gonditions attached to the grant are fulfilled. 17
The Porch Llmited (a company limited by guarantee) Notes to the accounts for the year ended 31st March 2024 Summary of significant accounting policies (continued) Investments Investments are included in the accounts at market value. Realised gainsl{losses) are those arising between the sale of an investment and its value at the beginning of the year. Unrealised gainsl(losses) are those arising where the investment is still held but the value has changed. Volunteer time A significant contribution is made by volunteers throughout the year and the value of these donated services is not reflected in the accounts. Tax recoverable Tax recoverable on amounts received by way of gift aid is included in the accounts when receivable. Depreciation Depreciation is calculated using the following rates and bases which are appropriate to the useful lives of the assets and their residual value.. Freehold buildings Fixtures, fittings, and equipment Motor Vehicles Straight line over 50 years 15 % straight line 15 % straight line Unrestricted funds Ageneral fund which the Trustees may usefor thefurtherance ofthe objects oflhe charity at theirdiscretion. Designated funds The new designated fund during the year is for the Building Appeal, which is part of the funding for either the acquisition of a new building, or restoration of the current location. Restricted funds These are subject to specific conditions Imposed by the donor, which are legally binding upon the Trustees. Penslon costs The charity makes contributions to employee stakeholder pension schemes. The pension cost represents contributions due by the charity to these schemes. Trade debtors Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original temis of the receivables. Trade Greditors Trade creditors are obligations to pay for goods or Services that have been acquired in Ihe ordinary course of business from suppliers. Accounts payable are classified a5 current liabilities if the charity does not have an unconditional right. at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least e1ve months after the reporting date. they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price. 18
The Porch Limited (a company limlted by guarantee) Notes to the accounts for the year ended 31st March 2024 Summary of significant accounting policies (continued) Cash and cash equivalents Cash and cash equivalents Comprise cash in hand and call deposits. and other short-temi highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Going concern The financial ststements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. They have concluded that the budgeted income and expenditure is sufficient with the level of reserves held for the charity to be able to continue as a going concern. Net outgoing resources Net outgoing resource5 are stated after charging: 2024 2023 Auditor's remuneration Depreciation 6.881 6.582 6,000 6,776 Wages and salaries The average number of employees was". 2024 2023 Direct charitable purposes Full-time Part-time Staff costs Wages and salaries Social security Pension 222,934 10.119 6.944 197.035 11,695 5,606 239,997 214,336 The trustees consider the acting director(s) of The Porch to be the key management personnel. the total paid to key management personnel amounted to £46.455 (2023: £78,597). No employee earned more than £60,000 during the year (2023= £nil). 19
The Porch Llmited (a company limited by guarantee) Notes to the accounts for the year ended 31st March 2024 Donations and legacies 2024 2023 Donations Grants Tax recoverable 248.943 152.950 15,247 232,700 111,245 3,063 417,140 347.008 Income from charitable activities 2024 2023 Income from operating day centre: Meals and laundry Social enterprise 600 4,141 4.096 4.096 4,741 Investment income The charity's investment income arises from interest bearing deposit accounts and dividends. Charitable expenditure The Gharity only undertakes direct charitable activities and does not make grant payments. Expenditure on raising funds 2024 2023 Direct costs Staff costs - building project Overhead and fundraising fees Support costs {note 10) 547 19.098 215 512 573 13,629 1,629 245 20,372 16.076 20
The Porch Limited (a company limlted by guarantee) Notes to the accounts for the year ended 31st March 2024 Expenditure on charitable activities Day centre operations 2024 2D23 Aclivities and social enterprise Catering costs Central premises Costs Staff costs Depreciation Support costs (note 10) Accountsncy 3,383 2.064 66,794 220,899 6.582 1,890 5,596 1,459 42,565 200,707 6,776 8,695 5,407 301,612 271,205 10. Allocation of support costs Support costs include office administration and overheads. The charity allocates its support costs as shown in the table below. Support costs are allocated on a basis consistent with the use of resources. Fundraising costs Day Centre operations 2024 Total 2023 Total Support costs General office General managemenl 1.200 1,202 2.402 2,019 6,921 Total 1.200 1,202 2,402 8.940 21
The Porch Limited (a company limlted by guarantee) Notes to the accounts for the year ended 31st March 2024 11. Tangible fixed assets Land & buildings Fixtures, fittings and equipment Motor Vehicles Total Cost At 1 st April 2023 Additions 882,241 68,105 623 11,628 961.974 623 At 31st March 2024 882.241 68,728 11,628 962,597 Depreciation At 1st April 2023 Charged in the year 174,854 2,094 65,331 2,744 4,796 1,744 244,981 6,582 At 31 st March 2024 176.948 68,075 6.540 251,563 Net book value At 31st March 2023 707.387 2.774 6,832 716,993 At 31st March 2024 705,293 653 5,088 711.034 Included in freehold land and buildings is the net bookvalue ofthe 139 Magdalen Road property £87.152 (2023: £89,246) which is included in unrestricted funds. Freehold land and buildings also includes the 41a Magdalen Road property £618.141 (2023.. £618,141) which is included in the Building designated fund (Note 19). 12. Debtors 2024 2023 Trade debtors Other debtors Prepayments and accrued income 2,000 3.000 9.958 5.565 7.792 13.357 14.958 13. Investments Unrestricted Investmenls Market value at 1 sl April 2023 Net gainsl(losses) on revaluation: unrealised Addition 77,391 9.507 11,000 Market value at 31sl March 2024 97,897 Historical cost at 31 st March 2024 56.000 22
The Porch Limited (a company Ilmited by guarantee) Notes to the accounts for the year ended 31st March 2024 14. Creditors: Amounts falling due within one year 2024 2023 Other creditors Accruals & deferred income Loan from Society of All Saints 1,993 11,028 500.000 4.253 11,028 500.000 513.021 515,281 Deferred income totals £nil (2023: £Nil) and relates to grant income received in advance. 15. Reconciliation of net income to net cash flow from operating activities 2024 2023 Net income for period 101,028 65,986 Depreciation charge Interesl receivable Decreasellincrease) in debtors {Decreasellincrease in creditors 6,582 {1,776) 1,602 (2.260) 6,776 (1.518) 9,538 {18.662) Net cash flow from operating activities 105.176 62,120 23
The Porch Llmited (a company limited by guarantee) Notes to the accounts for the year ended 31st March 2024 16. Funders The charity is grateful to all the Churches, groups and individuals who have funded the work over th& year. Donations and funds of £2,000 or more were as follows: 2024 2023 29th May 1961 Trust Barnsbury Trust (HLJ Brunner) Beeching Trust Councillor Priority Fund DLM Charitable Trust Doris Field Charitable Trust Fine & Country Foundation Forrester Family Trust Gerald Palmer Eling Trust Highway One Trust lffley PCC J A Pye Settlement MacFarlane Foundation Much Loved National Lottery CLF Northwick Trust Olive Tree Trust Oliver Borthwick Memorial Trust Oxford City Council Oxford Poverty Action Trust (OXPAT) Oxfordshire Community Foundation OCF Cost of Living 2023 Rathbone Investment Group Sabrina Sutherland Charitable Trust Schroder Charitable Trust Seymour Foundation Shanley Foundation Singer Foundation Society of All Saints Society of the Holy Child Jesus Sodexo Foundation St Andrews PCC The Desmond Foundation Tolkien Trust 2,500 2,500 2,500 5,000 3,000 3,000 2.000 2.500 10,000 3,000 5,000 10,000 2,674 12.500 25,000 6,535 49,277 5,000 15.000 5.000 55.000 5,650 3,000 10.000 15,000 5.000 56,248 5,900 11.000 9,000 2,500 5.000 3.500 2,500 6,000 12,000 10,000 21.500 10.000 2,015 2,000 5.000 20,000 17. Trustees, remuneration No remuneration or expenses were paid to any of the Truslees during the year {2023: £Nil). 18. Related party transactions Prior to 1st April 2002, the Porch Limited had operated as part ofThe Society ofAII Saints and the Trustees ofthis charity remain legal members of The Porch Limited. During the year, the Society of All Saints donated £12,000 (2023.. £10.000) to the charity. In the previous year, The Society of All Saints lentThe Porch £500,000 for purchase of the new premises. pending the disposal ofThe Porch's previous premises. 24
The Porch Limited (a company limited by guarantee) Notes to the accounts for the year ended 31st March 2024 19. Reserves 1 st April 2023 31st March 2024 Income Expenditure Gains Transfers Unrestricted funds 311,709 333.172 {220,958) 9.507 (4,4591 428,971 Designated funds Building 118,141 118,141 118,141 118.141 Restricted funds Building appeal fund Oxfordshire County Council (Freedom programme) Freedom programme (Support worker) Oxford Safer Communities Partnership Seymour Foundation Oxford Community Foundation OXON cost of Living OCF Moving Fonmard Programme Society of Holy Child Jesus 194,314 194,314 500 (40) 460 1.000 1,000 1,000 238 3.187 6.524 1.000 3,784 9,478 19,840 9,500 (16,294) 13,2091 (6.524) (62,113) (12,846) 60.500 1,613 2.846 10,000 216.763 89,840 (101.0261 4,459 210,036 646,613 423,012 {321,984) 9.507 757,148 25
The Porch Limited (a company limited by guarantee) Notes to the accounts for the year ended 31st March 2024 19. Reser4es (continued) 1st April 2022 31st March 2023 Income Expenditure losses Transfers Unrestricted funds 314,629 252,966 (167,090) (2,272) (86,524J 311,709 Designated funds Building Building appeal fund Society of All Saints (COVID) 118,141 106,263 118, 141 (106,263) 224,404 (106,263) 118, 1447 Restricted funds Building appeal fund Society of All Saints (Staffling) Elder Stubbs (Project workerlallotment) Oliver Borthwick Memorial Trust (Allotn7ent) Oxfordshire Counly Council (Freedom programme) OxPat (Welfare) Sobell House (Staffing) Good Gifts (Allotment) St Michaels and All Saints (project wort(er) Freedom programme (Support worker) Oxford Safer Communities Partnership Seymour Foundalion Shanly Foundation Sodexo Foundation Highway 1 Gerald Palmer Ealing Trust Oxford City Council Beeching Trust The 29 May 1961 Trust Oxford Communily Foundation OXON cost of Living OCF Tolkien Trust Much Loved Rathbone CAF Society of Holy Child JgSUS 1,527 192,787 194.314 11,500 (11.500) 3.634 (3, 634) 5,000 (5.000) 500 7,800 10,000 3,432 500 (7,800) (io,oooJ (3,432) 5,000 (5,000) 1,000 1,000 1,000 1.000 238 1,000 2,500 11,000 10,000 5,000 1,000 5, 000 2,500 9,500 10.000 5,000 5,274 6,000 10.000 10.000 (762) (2,500) (11,000) (10,000) (5,OOOJ {1,000) (5,000) (2,500) (6,313) {3.4T6) (5.000) (5.274) (6,000) (10,OOOJ 3.187 6,524 10.000 43.866 100,301 (120,191) 192, 787 216,763 582,899 353,267 (28T,281) (2,272) 646,613 26
The Porch Limited (a Company Ilmited by guarantee) Notes to the accounts for the year ended 31st March 2024 19. Reserdes (continued} Unrestricted Funds Deslgnated Funds Restrlcted Funds Total Funds 2024 Analysis of net assets between funds Tangible fixed assets Debtors Investments Bank and cash Creditors due within one year 92,893 13,357 97.897 237,845 (13,021) 618,141 711.034 13.357 97,897 447,881 (513,021) 210,036 (500.000} 428,971 118,141 210.036 757.148 Analysis by fund General funds Building Restricted Building Appeal Fund Freedom Programme (Support worker) Oxford County Council (Freedom programme) Oxford Safer Communities Partnership Seymour Foundation Oxford Community Foundation 428,971 428,971 118,141 194.314 1,000 460 1,000 3,784 9,478 118,141 194,314 1,000 460 1,000 3,784 9.478 428,971 118.141 210,036 757.148 27
The Porch Limited (a company limited by guarantee) Notes to the accounts for the year ended 31st March 2024 19. Reserves (continued) Unrestricted Funds Designated Funds Restrlcted Funds Total Funds 2023 Analysis of net assets between funds Tangible fixed assets Debtors Investments Bank and cash Creditors due within one year 98,852 14,958 77,391 135, 789 (75,281) 618,141 716.993 14,958 77,391 352.552 (515,281) 216, 763 (500,000) 311,709 118,141 216,763 646.613 Analysis by fund Gener81 funds Building Restricted Building Appeal Fund Freedom Pmgramme (Support worker) Oxford County Council (Freedom programme) Oxford Safer Communities Partnership Seymour Foundalion Oxford Community Foundation OXON cost of Living OCF Society of Holy Child Jesus 311,709 311,709 118,141 194.314 1,000 500 1.000 238 3, 187 6.524 10,000 118,141 194,314 1.000 500 1,000 238 3,187 6, 524 10,000 311,709 118,147 216,763 646,613 28