OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The Porch

2025-03-31-accounts

Company Number 4271032 Charity Number 1089612

The Porch Limited

(a company limited by guarantee)

Accounts

for the year ended 31st March 2025

Wenn Townsend

Chartered Accountants

Oxford

The Porch Limited (a company limited by guarantee)

Page
Company Information 1
Trustees’ Report 2 to 14
Independent Auditor’s Report 15 to 16
Statement of Financial Activities 17
Balance Sheet 18
Statement of Cash Flows 19
Notes to the Accounts 20 to 30
Income and Expenditure Account 31

The Porch Limited (a company limited by guarantee)

Patron: The Rt Revd Dr Steven Croft
Bishop of Oxford
Trustees: S Tomkys (Chair, Appointed 31 December 2024)
H Merrington-Rust MBE (Chair, Resigned 31 December 2024)
I Gilders
E Feeny
N Mallett
T Silkin (Appointed 18 April 2024)
S Alden (Appointed 28 January 2025)
G Currie (Appointed 28 January 2025)
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

1

The Porch Limited (a company limited by guarantee)

Trustees' Report

for the year ended 31st March 2025

Reference and administrative details

These are shown on page 1.

Structure, governance and management

Governing Document

The constitution of the Porch was established on the formation of the 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), it s assets being a restricted fund of that parent charity since 1986. These assets were subsequently transferred to the new Company with its charity registration number on 1st April 2002. The Trustees of the Society of All Saints Sisters of the Poor are the legal ‘Members’ of The Porch Limited.

Trustees and Management

The Trustees (who are the directors of the company) meet at least quarterly for regular meetings. An Annual General meeting is then held in October.

Trustee recruitment, induction and training

The charity seeks to recruit its Trustees from diverse backgrounds and to see that each Trustee brings suitable and varied skills to benefit the charity and to ensure the efficient running of the charity.

All Trustees are encouraged to attend courses on relevant law and practice updates. As well as spending time at The Porch to gain firsthand knowledge of important operational matters.

Principal risks and uncertainties

The Trustees have examined the principal areas of the Charity’s operation and considered the major risks in these areas. The Trustees consider the Charity’s systems are such that these risks are mitigated to an acceptable level.

Objectives, activities and public benefit

The Trustees have had regard to the Charity Commission’s guidance on public benefit in carrying out the charity’s objectives.

Objects and Mission Statement

We are an organisation that arose from Christian ministry. Our mission is to help, in a totally non-discriminatory way, homeless, recently re-housed homeless or vulnerably housed people. We encourage our service users (our members) to tackle the issues that prevent them from moving forward towards a more positive lifestyle. Our focus is upon support and nurture, along with challenge. We concentrate upon housing, health, wellbeing, education and employment. We provide healthy food, practical help, companionship, learning 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 personal achievement. We have helped members gain employment, find housing, abstain from alcohol and drugs, improve appearance and social skills, gain educational qualifications and improve self-esteem. We run a membership scheme with members being encouraged to take part in all aspects of running the centre.

2

The Porch Limited (a company limited by guarantee)

Trustees' Report (continued) for the year ended 31st March 2025

Our Role and Services

The Porch is an integral part of the Oxford network addressing homelessness, its impacts, and its prevention. Over the past financial year, we have adapted our service provision to reflect the evolving needs of our service users.

We provide a wide range of essential services and opportunities, including:

Essential Emergency Provisions

Employment and Training

Group Activities

Health and Welfare Drop-In Services

— Through this wide-ranging provision, The Porch continues to be a place of safety, dignity, and opportunity supporting individuals not only in meeting their immediate needs, but also in taking positive steps towards stability and independence.

3

The Porch Limited (a company limited by guarantee)

Trustees' Report (continued) for the year ended 31st March 2025

Moving Forward Project (MFP)

The Moving Forward Project is designed to help individuals take gradual, supported steps towards developing employment-related skills and gaining meaningful experience. The project provides a safe and structured pathway into volunteering, enabling participants to build confidence, learn new skills, and explore opportunities that align with their personal goals.

Each prospective volunteer is invited to discuss their aspirations and evaluate the suitability of the programme, ensuring that the support provided is tailored to their individual needs.

Volunteering Opportunities Include:

Participation in the MFP is based on agreed terms and conditions, including set times and days of involvement, to help establish routine and commitment.

Incentives and Support Provided:

Participants benefit from a range of practical support to encourage sustained engagement, including:

Through this programme, The Porch enables individuals to strengthen their employability, develop positive routines, and take meaningful steps towards independence and long-term stability.

Green Space Therapy (Allotment & Gardens)

The Porch Allotment and Gardens form an integral part of our Moving Forward Strategy , offering both practical skills development and therapeutic benefits through Green Space Therapy .

Spending time in nature has a proven impact on wellbeing. The calming, restorative environment of green spaces helps to — reduce stress, promote relaxation, and encourage mindfulness allowing participants to focus on the present moment and detach from the pressures of daily life. The allotment also provides valuable opportunities for social interaction, fostering a sense of community, belonging, and mutual support among volunteers.

4

The Porch Limited (a company limited by guarantee)

Trustees' Report (continued) for the year ended 31st March 2025

Practical Skills and Learning

Volunteers gain hands-on experience in:

From Garden to Table

The produce grown at the allotment is used in the nutritious meals we provide to our members, as well as in our Porch Preserves range of jams and chutneys. Volunteers also have the opportunity to take fresh produce home, further reinforcing the sense of achievement and connection to their work.

Through the Allotment and Gardens, The Porch combines wellbeing, community, and skill-building, helping individuals — to grow not only food, but also confidence, purpose, and resilience.

Porch Preserves

The Porch continues to make and sell our own pickles, relish, jams, and chutneys using the home-grown vegetables and fruit grown on our allotment and gardens. All produce is handmade, carried out in our dedicated Porch Preserves 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 fruit juicing 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 people experiencing homelessness, providing a safe, welcoming, and inclusive space for anyone in need. For nearly forty years , we have been at the forefront of Oxford’s response to homelessness, working in close partnership with all local homeless agencies, including Oxford City Council. Through these partnerships, we refer rough sleepers to the Homeless Street team for assessment, support the City Council during Severe Weather Emergency Provision, and contribute regular client usage statistics to inform and improve homelessness services across Oxford. This collaborative approach ensures that our work is effective, coordinated, and directly responsive to the city’s evolving needs.

We are open to all who need our services, making our support accessible to anyone experiencing homelessness or vulnerable housing circumstances. The Porch is unique in Oxford: we are the only service in the city that combines hot meals, showers, and laundry facilities with personalised, one-to-one support addressing welfare, housing, employment, and health needs. Fully registered as a homeless café, we maintained a 5-star rating throughout the financial year, demonstrating our commitment to quality, dignity, and safety in every service we provide. Our on-site kitchen facilities also allow us to prepare fresh hot food daily and provide hands-on catering training for members, equipping them with practical skills that can support employment and personal development.

5

The Porch Limited (a company limited by guarantee)

Trustees' Report (continued) for the year ended 31st March 2025

Beyond immediate care, The Porch actively works to help our members feel connected to the wider community and enjoy a more fulfilling lifestyle. We support people in finding improved accommodation and, where appropriate, voluntary or parttime work, always working individually with members to create personalised support plans. These plans set positive, realistic, and achievable short-term goals, empowering members to regain independence, build resilience, and make tangible progress in their lives.

Through our holistic approach, The Porch provides not just essential services, but a bridge from crisis towards stability, dignity, and hope, making a lasting difference in the lives of some of Oxford’s most vulnerable residents.

The Charity provides a welcoming environment where those in need can access various resources and assistance. The Porch has continued to provide consistent provisions for vulnerable clients as highlighted below:

6

The Porch Limited (a company limited by guarantee)

Trustees' Report (continued) for the year ended 31st March 2025

7

The Porch Limited (a company limited by guarantee)

Trustees' Report (continued) for the year ended 31st March 2025

8

The Porch Limited (a company limited by guarantee)

Trustees' Report (continued) for the year ended 31st March 2025

9

The Porch Limited (a company limited by guarantee)

Trustees' Report (continued) for the year ended 31st March 2025

10

The Porch Limited (a company limited by guarantee)

Trustees' Report (continued) for the year ended 31st March 2025

Strengthening Partnerships and Collaboration

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 Pathway 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.

Homeless Oxfordshire

Homeless Oxfordshire is the Oxfordshire’s largest not -for-profit provider of accommodation for people experiencing homelessness. They also provide a wide range of specialist support services beyond bricks and mortar.

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 initiative of Porch Pantry. The Porch provides a collection point throughout the week for individuals to collect food parcels prepared by Oxford Mutual Aid.

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 and/or those in supported accommodation.

Dogs on the Streets, founded in 2016 by Michelle Clark, is a multi-award-winning UK charity supporting rough sleepers and members of the homeless community who have dogs. It offers 24/7 support for these dogs and their homeless owners.

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 its objective.

11

The Porch Limited (a company limited by guarantee)

Trustees' Report (continued) for the year ended 31st March 2025

Turning Point

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 Porch Allotment and Garden programme operates in association with the Elder Stubbs charity which provides a base and support for local community-based initiatives.

Vocational training

The Porch continues to host student placements for student Social Workers and Occupational Therapists from Oxford Brookes Department of Sport, Health and Social Work.

Safeguarding

The Porch continues to take a multi-agency approach to both male and female clients that are particularly vulnerable to exploitation and trafficking. Female specific support included:

New building 41a Magdalen Road

Thanks to All 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.

Community engagement

The Porch wishes to acknowledge and thank the many community groups, church parishes, and individual supporters who have contributed to our work over the past year. The sustained generosity of these partners is integral to our ability to deliver services, and we recognise that without such commitment our impact would be significantly diminished.

The Porch serves as the channel through which this collective goodwill is directed, ensuring that the support received is translated into meaningful outcomes for those experiencing homelessness and social exclusion. Each contribution, whether financial, practical, or through volunteering, plays a vital role in enabling our continued work.

We remain profoundly grateful for this ongoing support, which is both remembered and deeply appreciated. It is through this collective endeavour that The Porch is able to continue advancing its mission and strengthening its role within the community.

12

The Porch Limited (a company limited by guarantee)

Trustees' Report (continued) for the year ended 31st March 2025

Challenges faced

The Porch Day Centre in Oxford continues its mission to support homeless and vulnerably housed individuals, several key challenges shape our work and strategic priorities:

1. Funding and Financial Stability

The Porch relies significantly on donations and grants to sustain its operations. Rising costs and increasing demand for services place considerable pressure on financial resources, making long-term stability a central concern.

2. Infrastructure and Expansion

We are currently reviewing our use of our buildings to best enable us to provide expanded services including meals, showers, laundry facilities, and training spaces. While there are a major opportunities, it also brings substantial financial and logistical challenges.

3. Volunteer and Staff Capacity

With fewer volunteers available and a small but committed staff team, managing human resources effectively is essential. Supporting and training volunteers, while ensuring staff wellbeing and maintaining morale, requires ongoing attention and investment.

4. Service Delivery and Client Needs

The Porch delivers a broad spectrum of support from hot meals and laundry facilities to employability programmes and therapeutic activities. Coordinating these services to meet the increasingly complex needs of our client group demands careful planning, sufficient resources, and flexibility.

5. Health, Safety, and Safeguarding

Creating a safe, inclusive, and supportive environment remains paramount. Protecting the wellbeing of vulnerable beneficiaries and staff requires rigorous safeguarding practices and effective management of health risks.

Addressing these challenges calls for continued resilience, robust strategic planning, and the ongoing support of our partners and community. With this collective effort, The Porch can sustain and strengthen its vital role in Oxford.

Financial review

Investment policy

The Trustees seek to maximise income from cash reserves held, which are currently placed with CCLA Charity Funds and Lloyds Bank. In the current year the investment portfolio with CCLA fell by £4,227 (2024: gained by £9,507) to £93,670 (2024: £97,897).

Financial operations

The Trustees are aware that our financial operations remain very tight and are ever vigilant as to ways to ensure that our income does not drop and that expenditure is tightly controlled. Cash flow is strictly controlled by the Treasurer and Director. During the year the part time fundraiser has made a positive impact on cash flow but 2025/26 will continue to bring challenges to sustaining income.

Buildings

The Trustees consider that the buildings’ value of the property at 139, Magdalen Road, Oxford, is in excess of the buildings’ value stated in the audited accounts which is currently held at cost. The Trustees have not obtained a professional valuation of the new premises on Magdalen Road. The Society of All Saints granted an interest free loan to The Porch £500,000 for purchase of the new premises 41a Magdalen Road in the year ended 31st March 2020, pending the disposal of 139 Magdalen Road.

13

The Porch Limlted (a company limited by guarantee) Trustees. Report (continued) for the year ended 315t March 2025 The Porch owns the freehold to the property 139 Magdalen Road, and 41a Magdalen Road. All cash matters are reported by the Treasurer at the Trustees. meetings. We have efficient monitoring procedures in place that provide accurate data Ihal is required by our funders. Reserves olic 'Free reserves. are those unrestricted funds not invested in fixed asset5. designated for specific purposes or otherwise committed. The level ofthose free reserves forThe Porch Limited at 31st March 2025 is £310,576 (2024: £238.211). The Trustees aim to hold at least 6 months of future operating costs within free reserves and therefore consider this level to be appropriate currently. Statement of Trustees. responsibilities with regard to accounts The Trustees (who are also directors for the purpose of company law) are responsible for preparing the Tru5tees' Report and the accounts in accordance with applicable law and United Kingdom accounting Standards (Uniled Kingdom Generally Accepted Accounling 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 of the income and expenditure of the charity forthe year. In preparing those accounts 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 concem basis unless it is inappropriate to presume that the charity will continue. The Tnjstees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the account5 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 [￿egUlar1tres. 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 Ihal they ought to have taken to make themselves 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 taken advantage of the small companies, exemption in the Companies Act 2006. Onb half of the board Susan Elizabeth Tomky The Porch - Chair og/i D/sf 14

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 ‘charitable company’) for the year ended 31st March 20 25 which comprise the Statement of Financial Activities, the Balance Sheet, Statement of Cash Flows and 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 charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical re sponsibilities 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 th e 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 charitable company’s ability to continue as a going concern for a period o f 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 trustees are responsible for the other information. The other information comprises the information 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 to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

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 the audit:

Matters on which we are required to report by exception

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 misstatements in the directors’ 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:

15

The Porch Limited (a company limited by guarantee) Independent Auditor’s Report to the members of The Porch Limited (continued)

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set 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 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 charitable company’s ability to continu e 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.

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 specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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 of the Com panies 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 state 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 to anyone other than the charitable company and the charitable company’s members as a body, for our aud it work, for this report, or for the opinions we have formed

A Rogue Andrew Rodzynski FCA (Senior Statutory Auditor) For and on behalf of Wenn Townsend, Statutory Auditor 30 St Giles, Oxford

……………………………. 202 13 10 5 13/10/

16

The Porch Limited (a company limited by guarantee) Statement of Financial Activities (Including Income and Expenditure account) for the year ended 31st March 2025

Note Unrestricted Designated Restricted 2025 Unrestricted Designated Restricted 2024
Funds Funds Funds Total Funds Funds Funds Total
£ £ £ £ £ £ £ £
Income
Grants and donations 4 295,985 - 88,950 384,935 327,300 - 89,840 417,140
Income from charitable activities 5
Income for Members 2,875 - - 2,875 - - - -
Social enterprise 4,519 - - 4,519 4,096 - - 4,096
Income from investments 6
Bank interest 1,822 - - 1,822 1,776 - - 1,776
Other Income - - - - - - - -
Total income 305,201 - 88,950 394,151 333,172 - 89,840 423,012
Expenditure
Expenditure on raising funds 8 23,001 - - 23,001 20,372 - - 20,372
Expenditure on charitable activities 9 227,071 - 104,200 331,271 200,586 - 101,026 301,612
Total expenditure 250,072 - 104,200 354,272 220,958 - 101,026 321,984
Net income/(expenditure) before gain/ (loss)
on investments 55,129 - (15,250) 39,879 112,214 - (11,186) 101,028
Net (loss)/gain on investments (4,227) - - (4,227) 9,507 - - 9,507
Net income/ (expenditure) 50,902 - (15,250) 35,652 121,721 - (11,186) 110,535
Transfer between funds 19 (10) - 10 - (4,459) - 4,459 -
Net movement in funds 50,892 - (15,240) 35,652 117,262 - (6,727) 110,535 (6,727) 110,535
Reconciliation of funds:
Total funds brought forward at 1st April 2024 19 428,971 118,141 210,036 118,141 210,036 757,148 311,709 118,141 216,763 646,613
Total funds carried forward at 31st March 2025 19 479,863 118,141 194,796 792,800 428,971 118,141 210,036 118,141 210,036 757,148

All activities are continuing, there are no other gains or losses recognised during the year. The notes on pages 19 to 30 form part of these accounts

17

The Porch Limlted (a company limited by guarantee) Balance Sheet at 31st March 2025 2025 2024 Fixed assets Note Tangible fixed assets Current assets 706.535 711,034 Debtors Investments Cash at bank and in hand 12 13 6.983 93,670 505.372 13,357 97,897 447.881 606.025 559.135 Creditors: Amounts falling due within one year 14 (519.760) (513.021) Net current (liabilities)l assets 86,265 46,114 Net assets 792,800 757,148 Reserves Unrestricted funds Designaled funds Restricted funds 19 19 19 479,863 118,141 194.796 428,971 118,141 210.036 792.800 757,148 The financial statements are prepared in accordance wilh 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 . Sue Tomkys Chair The notes on pages 19 0 30 form part of these accounts. 18

The Porch Limited (a company limited by guarantee)

Statement of Cash Flows at 31st March 2025

2025 2024
Net cash flow from operating activities 15 55,669 105,176
Cash flows from investing activities:
Cash movements on investments - - (11,000) (11,000)
Interest received 1,822 1,822 1,776
Capital expenditure - - (623) (623)
───── ─────
Net cash flow from investing activities 1,822 (9,847)
───── ─────
Change in cash and cash equivalents in the period 57,491 95,329
Cash and cash equivalents brought forward at 1st April 2024 Cash and cash equivalents brought forward at 1st April 2024 447,881 352,552
───── ─────
Cash and cash equivalents carried forward at 31st March 2025 Cash and cash equivalents carried forward at 31st March 2025 505,372 447,881
═════ ═════

19

The Porch Limited (a company limited by guarantee)

Notes to the accounts for the year ended 31st March 2025

1. Summary of significant accounting policies

Basis of preparation and assessment of going concern

The Porch Limited is a charitable 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 noted 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: 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted 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 donations until they are actually received. The amount credited to the income and expenditure account in respect of gift aid donations does however include the amount of 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 that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they 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 costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.

Grants payable are included when the recipient has a reasonable expectation that they will receive a grant and when any conditions attached to the grant are fulfilled.

20

The Porch Limited (a company limited by guarantee)

Notes to the accounts for the year ended 31st March 2025

1. Summary of significant accounting policies (continued)

Investments

Investments are included in the accounts at market value. Realised gains/(losses) are those arising between the sale of an investment and its value at the beginning of the year. Unrealised gains/(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 Straight line over 50 years Fixtures, fittings, and equipment 15% straight line Motor Vehicles 15% straight line

Unrestricted funds

A general fund which the Trustees may use for the furtherance of the objects of the charity at their discretion.

Designated funds

The 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.

Pension 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 terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as 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 twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price.

21

The Porch Limited (a company limited by guarantee)

Notes to the accounts for the year ended 31st March 2025

1. Summary of significant accounting policies (continued)

Cash and cash equivalents

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

Going concern

The financial statements 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.

2. Net outgoing resources

3.

Net outgoing resources are stated after charging:
2025 2024
£ £
Auditor’s remuneration 7,959 6,881
Depreciation 4,499 6,582
═════ ═════
Wages and salaries
The average number of employees was: 2025 2024
Direct charitable purposes
Full-time 7 7
Part-time 4 4
═════ ═════
Staff costs
Wages and salaries 247,905 222,934
Social security 13,415 10,119
Pension 8,240 6,944
_ _
269,560 239,997
═════ ═════

The trustees consider the director and operations manager of The Porch to be the key management personnel, the total paid to key management personnel (including employer’s National Insurance contributions) amounted to £86,101 (2024: £81,952). No employee earned more than £60,000 during the year (2024: £nil).

22

The Porch Limited

(a company limited by guarantee)

Notes to the accounts for the year ended 31st March 2025

4. Donations and legacies
2025 2024
£ £
Donations and grants 379,668 401,893
Tax recoverable 5,267 15,247
_ _
384,935 417,140
═════ ═════
5. Income from charitable activities
2025 2024
£ £
Income from operating day centre:
Income for Members 2,875 -
Social enterprise 4,519 4,096
_ _
7,394 4,096
═════ ═════

6. Investment income

T he charity’s investment income arises from interest bearing deposit accounts and dividends.

7. Charitable expenditure

The charity only undertakes direct charitable activities and does not make grant payments.

8. Expenditure on raising funds

2025 2024
£ £
Direct costs 1,502 547
Staff costs - fundraising 21,360 19,098
Overhead and fundraising fees - 215
Support costs (note 10) 139 512
_ _
23,001 20,372
═════ ═════

23

(a company limited by guarantee)

The Porch Limited

Notes to the accounts for the year ended 31st March 2025

9. Expenditure on charitable activities

Day centre operations 2025 2024
£ £
Activities and social enterprise 14,886 3,383
Catering costs 2,389 2,064
Central premises costs 58,839 66,794
Staff costs 248,200 220,899
Depreciation 4,499 6,582
Support costs (note 10) 2,458 1,890
______ _
331,271 301,612
═════ ═════

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 Day Centre 2025 2024
costs operations Total Total
£ £ £ £
Support costs
General office 139 1,618 1,757 2,402
General management - 840 840 -
_ _ _ _
Total 139 2,458 2,597 2,402
═════ ═════ ═════ ═════

24

The Porch Limited (a company limited by guarantee)

Notes to the accounts for the year ended 31st March 2025

11. Tangible fixed assets

11. Tangible fixed assets
Land & Fixtures, fittings Motor
buildings and equipment Vehicles Total
£ £ £ £
Cost
At 1st April 2024 882,241 68,728 11,628 962,597
Additions - - - -
_ _ _ _
At 31st March 2025 882,241 68,728 11,628 962,597
═════ ═════ ═════ ═════
Depreciation
At 1st April 2024 176,948 68,075 6,540 251,563
Charged in the year 2,661 94 1,744 4,499
_ _ _ _
At 31st March 2025 179,609 68,169 8,284 256,062
═════ ═════ ═════ ═════
Net book value
At 31st March 2024 705,293 653 5,088 711,034
═════ ═════ ═════ ═════
At 31st March 2025 702,632 559 3,344 706,535
═════ ═════ ═════ ═════

Included in freehold land and buildings is the net book value of the 139 Magdalen Road property £87,152 (2024: £87,152) which is included in unrestricted funds. Freehold land and buildings also includes the 41a Magdalen Road property £618,141 (2024: £618,141) which is included in the Building designated fund (Note 19).

12. Debtors

12. Debtors
2025 2024
£ £
Trade debtors 400 -
Other debtors 1,603 5,565
Prepayments and accrued income 4,980 7,792
────── ──────
6,983 13,357
══════ ══════
13. Investments
Unrestricted
Investments
£
Market value at 1st April 2024 97,898
Net gains/(losses) on revaluation: unrealised (4,227)
──────
Market value at 31st March 2025 93,670
══════
Historical cost at 31st March 2025 56,000
══════

13. Investments

25

The Porch Limited (a company limited by guarantee)

Notes to the accounts for the year ended 31st March 2025

14. Creditors: Amounts falling due within one year

14. Creditors: Amounts falling due within one year
2025 2024
£ £
Other creditors 10,428 1,993
Accruals & deferred income 9,332 11,028
Loan from Society of All Saints 500,000 500,000
────── ──────
519,760 513,021
══════ ══════

Deferred income totals £Nil (2024: £Nil) and relates to grant income received in advance.

15. Reconciliation of net income to net cash flow from operating activities

2025 2024
£ £
Net income for period 39,879 101,028
Depreciation charge 4,499 6,582
Interest receivable (1,822) (1,776)
Decrease/(increase) in debtors 6,374 1,602
(Decrease)/increase in creditors 6,739 (2,260)
───── ─────
Net cash flow from operating activities 55,669 105,176
═════ ═════

16. Funders

The charity is grateful to all the chartiable trusts, foundations, churches, groups and individuals who have funded our work over the year.

Named Donations are as follows:

Named Donations are as follows:
2025 2024
£ £
Oxford City Council 55,000 55,000
National Lottery Community Fund (Community Organisations Cost of Living Fund) - 49,277

17. Trustees' remuneration

No remuneration or expenses were paid to any of the Trustees during the year (2024: £Nil).

26

The Porch Limited (a company limited by guarantee)

Notes to the accounts for the year ended 31st March 2025

18. Related party transactions

During the year, The Porch Limited had one common trustee with The Society of All Saints. In the year, The Society of All Saints donated £10,000 (2024: £12,000) to the charity and in the previous year, lent The Porch £500,000 for purchase of the new premises, pending the disposal of The Porch’s previous premises.

19. Reserves

19. Reserves
1st April Gains/ Gains/ 31st March 31st March
2024 Income Expenditure (Losses) Transfers 2025
£ £ £ £ £ £
Unrestricted funds 428,971 305,201 (250,072) (4,227) (10) (10)
479,863
Designated funds
Building 118,141 - - - - 118,141
────── ────── ────── ────── ────── ──────
547,112 305,201 (250,072) (4,227) (10) (10)
598,004
────── ────── ────── ────── ────── ──────
Restricted funds
Building appeal fund 194,314 - - - - 194,314
Oxfordshire County Council
(Freedom programme) 460 - (449) - (11) (11)
-
Freedom programme
(Support worker) 1,000 - (1,000) - - -
Oxford Safer Communities
Partnership 1,000 - (1,000) - - -
Seymour Foundation 3,784 - (3,784) - - -
Oxford Community Foundation 9,478 - (9,478) - - -
City of Oxford Charity - 2,000 (1,518) - - 482
Moving Forward Programme - 86,950 (86,971) - 21 -
────── ────── ────── ────── ────── ──────
210,036 88,950 (104,200) - 10 194,796
────── ────── ────── ────── ────── ──────
757,148 394,151 (354,272) (4,227) - 792,800
══════ ══════ ══════ ══════ ══════ ══════

27

The Porch Limited

(a company limited by guarantee)

Notes to the accounts for the year ended 31st March 2025

19. Reserves (continued)
1st April Gains/ Gains/ 31st March 31st March
2023 Income Expenditure (losses) Transfers 2024
£ £ £ £ £ £
Unrestricted funds 311,709 333,172 (220,958) 9,507 (4,459) (4,459)
428,971
Designated funds
Building 118,141 - - - - 118,141
Building appeal fund - - - - - -
Society of All Saints (COVID) - - - - - -
────── ────── ────── ────── ────── ──────
429,850 333,172 (220,958) 9,507 (4,459) (4,459)
547,112
────── ────── ────── ────── ────── ──────
Restricted funds
Building appeal fund 194,314 - - - - 194,314
Oxfordshire County Council
(Freedom programme) 500 - (40) - - 460
Freedom programme
(Support worker) 1,000 - - - - 1,000
Oxford Safer Communities
Partnership 1,000 - - - - 1,000
Seymour Foundation 238 19,840 (16,294) - - 3,784
Oxford Community Foundation 3,187 9,500 (3,209) - - 9,487
OXON cost of Living OCF 6,524 - (6,524) - - -
Moving Forward Programme - 60,500 (62,113) - 1,613 -
Society of Holy Child Jesus 10,000 - (12,846) - 2,846 -
────── ────── ────── ────── ────── ──────
216,763 89,840 (101,026) - 4,459 210,036
────── ────── ────── ────── ────── ──────
646,613 432,012 (321,984) 9,507 - 757,148
══════ ══════ ══════ ══════ ══════ ══════

28

The Porch Limited (a company limited by guarantee)

Notes to the accounts for the year ended 31st March 2025

19. Reserves (continued)

Unrestricted Designated Restricted Total
Funds Funds Funds Funds
£ £ £ £
2025
Analysis of net assets between funds
Tangible fixed assets 88,394 618,141 - 706,535
Debtors 6,983 - - 6,983
Investments 93,670 - - 93,670
Bank and cash 310,576 - 194,796 505,372
Creditors due within one year (19,760) (500,000) - (519,760)
────── ────── ────── ──────
479,863 118,141 194,796 792,800
══════ ══════ ══════ ══════
Analysis by fund
General funds 479,863 - - 484,489
Building - 118,141 - 118,141
Restricted Building Appeal Fund - - 194,314 194,314
City of Oxford Charity - - 482 482
────── ────── ────── ──────
479,863 479,863 118,141 194,796 792,800
══════ ══════ ══════ ══════

29

The Porch Limited (a company limited by guarantee)

Notes to the accounts for the year ended 31st March 2025

19. Reserves (continued)

Unrestricted Designated Restricted Total
Funds Funds Funds Funds
£ £ £ £
2024
Analysis of net assets between funds
Tangible fixed assets 92,893 618,141 - 711,034
Debtors 13,357 - - 13,357
Investments 97,897 - - 97,897
Bank and cash 237,845 - 210,036 447,881
Creditors due within one year (13,021) (500,000) - (513,021)
────── ────── ────── ──────
428,971 118,141 210,036 757,148
══════ ══════ ══════ ══════
Analysis by fund
General funds 428,971 - - 428,971
Building - 118,141 - 118,141
Restricted Building Appeal Fund - - 194,314 194,314
Freedom Programme (Support worker) - - 1,000 1,000
Oxford County Council (Freedom programme) Oxford County Council (Freedom programme)
-		 - 460 460
Oxford Safer Communities Partnership - - 1,000 1,000
Seymour Foundation - - 3,784 3,784
Oxford Community Foundation - - 9,478 9,478
────── ────── ────── ──────
428,971 118,141 210,036 757,148
══════ ══════ ══════ ══════

30