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2024-03-31-accounts

Company number: 4151312 Charity number: 1089987

Groundswell Network Support UK (Operating as Groundswell)

Report and financial statements For the year ended 31 March 2024

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Contents

Reference and administrative information ........................................................................................3 Trustees’ annual report ......................................................................................................................5 Independent Auditor’s Report to the members of Groundswell Network Support UK ...................21 Statement of Financial Activities for the year ended 31 March 2024 ..............................................25 Balance Sheet as at 31 March 2024 ..................................................................................................26 Cash Flow Sheet as at 31 March 2024 ..............................................................................................27 Notes to the financial statements at 31 March 2024 .......................................................................29

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Reference and administrative information

Company number 4151312
Charity number 1089987
Registered office and
operational address		 Canterbury Court, Unit CC3.44, 1-3 Brixton Road, London
SW9 6DE
Country of registration England & Wales
Country of incorporation United Kingdom
Trustees Trustees, who are also directors under company law, who
served during the year and up to the date of this report were
as follows:
-
Rachel Allen-Lowton_(appointed July 2024)
-
Jennifer Connolly(appointed July 2024)
-
Rob Frier
-
Elizabeth Kirby(resigned April 2024)
-
Louisa McDonald
-
Tony McKenzie(resigned September 2023)
-
Gina Rowlands(re-appointed June 2023, appointed_
Chair August 2023)
-
Dr Alistair Story
-
Jenny Travassos_(appointed Treasurer May 2023)
-
Steve Wyler OBE(appointed Interim Chair May –
_August 2023)
-
Jenny Yates, Chair_(resigned May 2024)_

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Key management
personnel		 -
Kate Bowgett, Services Director
-
Rachel Brennan, Director of Participation,
Progression & Change
-
Michael Chandler, CEO_(appointed June 2023)
-
Lucy Holmes, Creating Change Director(resigned_
December 2023)
-
Gina Rowlands, Interim CEO_(resigned June 2023)_
-
Becky Tansley, Finance & Fundraising Director
Bankers Unity Trust Bank
4 Oozells Square
Birmingham B1 2HB
CAF Bank Ltd.
25 Kings Hill Avenue
West Malling
Kent ME19 4JQ
Solicitors Bates Wells & Braithwaite
Cheapside House
138 Cheapside
London EC2V 6BB
Independent Auditor Sayer Vincent LLP
Chartered Accountants and Statutory Auditor
Invicta House
110 Golden Lane
LONDON
EC1Y 0TG
Accountants ExcluServ Limited
133 Deepcut Bridge Road
Camberley,
Surrey,
GU16 6SD

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Trustees’ annual report

Chair’s welcome

The financial year of 2023/24 for Groundswell has continued to be productive and forward thinking, despite the challenges and constraints of the current socio-economic and political agenda. Under Michael Chandler’s considered leadership, the organisation remains at the forefront of inclusion health and advocating for people who are experiencing homelessness.

Groundswell continues to build on its reputation with participation and progression at its core. The workforce has increased with people who have lived experience, remaining true to our core beliefs and values. We are now looking forward to delivering our strategy over the next four years, the development of which was led by consultation with our volunteers and staff, as well as key partners and stakeholders.

We are ambitious about our future, looking to greater diversification and the sustainability of our organisation in terms of funding and longevity. We aim to be a fully trauma-informed organisation, supporting the wellbeing of all our staff and volunteers in all areas of our work.

Groundswell will continue to campaign, however long it takes, for people experiencing homelessness to help give them a voice. They deserve to be heard, listened to and ultimately, be able to regain their rightful place, participating in society.

Gina Rowlands, Chair of Trustees

Vision, mission

Our vision is for a society which is fair, inclusive and equal. We need equitable access to a healthier life and a better future for anyone with experience of homelessness.

Our mission is to bring people together to:

Our strategy

At Groundswell, we’re all Creating Positive Change through:

We will only achieve this by working collaboratively - we are Greater Together.

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Our aims are:

Stronger together

Healthier lives

Better futures

Greater together

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You can read the full ‘Creating Positive Change Together’ strategy here.

Our strategy process

Being true to our values, the development of this new strategy, taking us to 2028, was a true participatory process. The strategy was co-produced with a steering group, consultation sessions, surveys, away days, team meetings and input from a range of people, many of whom have experience of homelessness. We also drafted in external experts who worked alongside our Creating Change team to help refine the new strategy.

“Co-producing work does more than create the work being created, it brings people together, breaks down barriers, creates a true sense of belonging, teaches us new things about the work, our team and ourselves, whilst also showing people that we value them, which in itself helps people to value themselves.”

–Sharon, Learning & Development Manager

The new strategy was launched in September 2024; however, the majority of the development process took place in 2023/24. For the year 2023/24, we report on the strands identified in our then current strategy, Participation Works.

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Activities and achievements - 1[st] April 2023 – 31[st] March 2024

1. Creating Change

1.1 #HealthNow

In September 2023, after four years, we marked the end of #HealthNow, our four-year partnership with Crisis and Shelter, funded by the National Lottery Community Fund. An evaluation of the project found that #HealthNow’s impact was twofold:

1) Embedding lived experience 2) Reducing health inequalities

These impacts benefited not only local people affected by homelessness and the Peer Volunteers, but also our partners Crisis and Shelter, while the local areas’ activity was delivered in (Birmingham, Greater Manchester and Newcastle) and on a national level.

For more information, read the evaluation summary. You can also read the full evaluation here.

‑ ‑ "Our new strategy we're launching it in the new year will be underwritten with a different ‑ level of confidence in what genuine peer led approaches and coproduction are because of this. We've got somewhere to go now to tap into. When you're bold and you do things differently, what does it look like? […] I'm very confident that the fact that we've been part of [#HealthNow] means that we will change as an organisation in ways that will only improve us." -Matt Downie, Crisis CEO

A central part of #HealthNow, was their local replication of Groundswell’s award winning Homeless Health Peer Advocacy (HHPA) service. We were delighted that Crisis Birmingham secured continuation funding for this service, as did Shelter in Manchester (whilst also setting up a new HHPA service in Salford, managed by one of our early #HealthNow Peer Advocates).

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1.2 Listen Up!

Listen Up! is a lived experience-led community reporting project, championing major change towards better healthcare access and life expectancy for people facing homelessness.

In 2023/24, Listen Up! launched two insights: Listen Up! Insight 2: Drug and Alcohol Dependency and Recovery and Listen Up! Insight 3: Digital Inclusion and Exclusion.

Listen Up! published 133 reports across the year, covering a range of subjects and issues.

A selection of community reports from the Listen Up! Hub:

In addition, Listen Up! Reports were published in Inside Housing and featured on broadcast radio. Denise gave a 10-min interview on "homelessness - a lifestyle choice?" on the Voices of Islam radio drive-time slot, talking about Groundswell and Listen Up!

We also shared a piece on what Listen Up! has done for one reporter:

“The Listen Up! project has given me a sense of belonging, creative outlet, learning opportunities, participation opportunities and a feeling of safety and appreciation.”

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1.3 Temporary Accommodation

In phase 1 of the Better Temporary Accommodation (TA) project, Groundswell conducted research with people living in TA, uncovering the issues people living in TA face around their health and wellbeing. We found that people faced significant barriers to accessing healthcare support. Vitally, we also heard of people’s worsening mental health and feelings of hopelessness, and how strongly this linked to a lack of control, autonomy and choice, and an inability to put down roots and engage with support in the local community. These issues all mean that existing health issues get worse, new issues emerge, and people’s ability to address these is weakened. You can read the Better Temporary Accommodation research report, launched in October 2023.

Subsequently, Groundswell was invited to give evidence for the GLA’s Housing Committee at a City Hall event in November 2023 (recorded here).

“The only roots I can think of are my plants. I haven't been able to adjust to the community. I feel like I am sitting here, and everyone is just sucking all of the life out of me. And I have nothing left, I cannot fight anything anymore.” -Groundswell Better TA research participant

Following this, Groundswell successfully secured funding to deliver the TA Encounters project using the Legislative Theatre process to bring residents and the council together to improve temporary accommodation; and Groundswell, in partnership with Made by Mortals were recently successful in securing further funding to work with those living in TA to develop a creative campaigning tool to turn the insights gathered into action to improve the experiences of people living in TA in London. Our approach aims to shift power and amplify the voices and experiences of people living in, or with experience of, TA, by equipping them with the skills and resources to co-create and lead the call for change. This phase commenced in October 2024.

Groundswell was also a lead partner informing London’s Charter to End Rough Sleeping, which was launched by London Mayor Sadiq Khan in December 2023.

2. Progression & Participation

2.1 Progression

Through our progression team, volunteering and wellbeing team, support is available to all our staff and volunteers to ensure they have the tools they need to thrive and continue on their journey out of homelessness. This support encompasses both the complex progression support around practical issues including housing, finances and health, and coaching, to help with personal goals such as confidence building, developing new skills and progressing in employment or volunteering.

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Case study: Stephen (name has been changed to protect anonymity)

Stephen trained as a HHPA volunteer in 2023. He found volunteering was a catalyst for ‘selfhealing’ and used his personal past trauma around homelessness in a positive way. He quickly realised that volunteering wasn’t fully utilising his skills.

The Progression team encouraged Stephen to see how he could use this experience to do more. He began shadowing an established caseworker in Camden and Stephen began building links with an Outreach Nurse and a Psychologist in Camden to understand how else he could help their work. Soon Stephen was working with challenging rough sleepers from the LGBTQ+ community, using his empathetic and compassionate approach to build excellent relationships and supporting people to attend their health appointments.

However, soon Stephen became concerned about his financial position. A role came up internally at Groundswell which Stephen had the skills and expertise for. The Progression team supported him with the application, and he was shortlisted for interview.

Stephen then had a crisis of confidence and declined the interview. The Progression team stepped in again and encouraged him to reflect on the success of his volunteering role. They explained how Progression support would continue to be offered once he moved into a paid role. Following this, Stephen presented himself at the interview and was offered the job – a huge achievement.

“Stephen has a unique ability to read between the lines and offers real authenticity in his communication with others. He is a real asset to Groundswell.” - Pat, Progression Manager

2.2 Codesign of a national infectious disease service

Groundswell were commissioned by UCLH, on behalf of UKHSA, to undertake engagement with people who have lived experience of homelessness to contribute to the co-design of a national service model focussed on preventing, treating and eliminating infectious diseases and other public health infections in inclusion health populations.

To ensure the project was fully codesigned, we recruited a steering group of 7 members of the #HealthNow Peer Network to support the development and delivery of the project plan. We delivered a series of workshops with people and conducted a site visit to an existing infectious disease health service. In total, we spoke to 51 people across the steering group and workshops. Key recommendations included that care should be delivered using a combination of outreach vehicles to maximise engagement; the service should be flexible in terms of location and times of delivery; and people with lived experience should be involved in design and delivery of any service that was commissioned.

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In addition to publishing a report, the steering group also worked with an illustrator to emphasise the key points from the insight we gathered.

A visual representation of the insights gathered from the report on the co-design of a national service model focussed on preventing, treating and eliminating infectious diseases and other public health infections in inclusion health populations.

3. Good Health

3.1. Homeless Health Peer Advocacy (HHPA)

We continue to deliver HHPA across the country, helping individuals who are homeless to access healthcare. The service is delivered by volunteer Peer Advocates alongside Caseworkers and Care Navigators, all with experience of homelessness.

In London our HHPA services team delivered peer advocacy across 12 central London boroughs: Brent, Camden, Ealing, Hackney, Hammersmith & Fulham, City of London, Kensington & Chelsea, Lambeth, Lewisham, Southwark, Tower Hamlets and Westminster.

HHPA London 2023/2024 HHPA London 2023/2024
1-1 health appointments 2,496
Individual clients supported
through 1-1 appointments		 520
Number of organisations
referring people to HHPA		 123

In addition to this activity, Groundswell provided specialist Case Workers or Care Navigators to be based in partner organisations Find and Treat, Great Chapel Street Surgery, North Lewisham PCN and the Lambeth START Team.

3.3. Health promotion

We continue to embed vital health promotion work across the HHPA service – during the year, the team delivered 242 in reach health promotion sessions and engaged with 1,780 people across London.

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“I really love your sessions and they have worked really well with our client group.” – Support worker

This work is supported by the production of national health promotion resources, thanks to funding from the Mercers’ Company. During the year, we continued to add to our ‘resources hub’ on our website, an area hosting leaflets, podcasts, workbooks, films and posters – the hub had 3,044 visits and our resources were downloaded 7,547 times. We were also able to print and distribute over 10,000 health guides to services supporting people affected by homelessness across the UK, to ensure the digital divide does not act as a barrier to access.

We produced the following 6 resources during the year:

“No-one should go through the menopause in a hostel or on the streets. Still, I love this from @ItsGroundswell because it bridges some of the huge knowledge gaps many people, especially those most excluded from healthcare, have about getting older.” -Support worker in the homelessness sector on the ‘understanding menopause’ guide.

4. Homewards

In June 2023, Groundswell were proud to be announced as one of 16 sector partners for Homewards, a five-year programme led by Prince William and The Royal Foundation of The Prince and Princess of Wales. Homewards is aiming to demonstrate that together it’s possible to end homelessness – making it rare, brief and unrepeated.

Care Navigator Jan and CEO Michael at the Homewards Lambeth launch event

Rachel Brennan, Groundswell’s Director of Participation, Progression & Change has been selected to join the National Expert Panel, made up of individuals with renowned knowledge across homelessness and related themes, providing best-in-class advice across the programme.

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“I am delighted to have the opportunity to champion involvement of people with experience of homelessness in the Royal Foundations Homewards programme. I have been impressed by the commitment to embed meaningful participation of people with lived experience of homelessness in all of the local areas and am privileged to collaborate with a diverse range of colleagues on the expert panel over the coming years.” - Rachel Brennan, Groundswell’s Director of Participation, Progression & Change

In addition, Groundswell’s research team have been commissioned to be an Evaluation and Learning Partner of Homewards alongside Ipsos UK and Renaisi. Together, we’ll be exploring what works in each flagship location, providing opportunities to learn and create impact.

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Financial review

Income and expenditure

Groundswell's income was £2,231,051 during the year and was a 5% decrease on the previous year (2023: £2,338,450). Expenditure, at £2,229,705 was nearly 8% down on the previous year (2023: £2,421,645). This resulted in a surplus of £1,346 for the year (2023: £83,105 deficit). % of total income Contract income: research, training and consultancy (5%) Contract income: welfare services (HHPA) (45%) Donations: corporate, individuals and gift aid (2%) Grants: trusts and foundations (43%) Other income (5%) Reserves The Trustees, after a careful assessment of the Charity's risks, including those related to covid-19 and cost of living increases, have determined that the reserves policy should be to hold a contingency for unexpected expenditure and to allow time in the event of a sudden cessation of key funding to source alternatives. In the light of this, Groundswell’s reserve target is to hold unrestricted funds in a range equivalent to four to six months of salaries (including salary on costs) plus premises costs, i.e., £601,924 - £902,886. At 31 March 2024, the total funds carried forward were £752,608 (2023: £751,262), of which £647,764 were unrestricted funds and £104,844 were restricted funds. The figure of £647,764 is a big improvement on the previous year (2023: £497,003) and is within our current target unrestricted reserves range. The board are satisfied with this process and position. 15 ~~I~~

Going concern

The improvement of Groundswell’s unrestricted reserves position and assessment of the forecast income and expenditure for the year ahead (24/25) means the trustees consider Groundswell to have sufficient free reserves and cashflow to enable the organisation to continue operating for the foreseeable future, looking at least twelve months from when this report is approved. This is based on regular Senior Leadership Team and Finance Committee meetings reviewing our reserves and cash position, supported by close financial management and budget setting. There are no material uncertainties relating to going concern.

Thanks to our supporters, commissioners, and partners

29[th] May 1961 Charitable Trust, Advent of Change, Alma Jean Henry Charitable Trust, Amnesty International, Big Issue, Breathe HR, Bupa Foundation, Centre for Homelessness Impact, City of London, City of Westminster, Comic Relief, Crisis, DePaul Ireland, Enabling Assessment Service London (EASL), East London Foundation Trust, E&G Morgan Trust, Erasmus+, Fidelity UK Foundation, Find & Treat, Good Things Foundation, Greater London Authority, Grosvenor Chapel, Heels and Souls, Halcrow Foundation, Healthwatch England, Homeless Link, Hospital Saturday Fund, Hyde Park Place Estate Charity, Impact on Urban Health, Inner Eye Productions Ltd, Inner London Magistrates Court’s Poor Box Charity, Institute of Medical Ethics, Ipsos Mori UK Ltd, Kings College London, London Borough of Hackney, London Borough of Lambeth, London Borough of Southwark, Manchester University NHS Foundation Trust, Marie Curie, Mayday Trust, Mercers Trust, National Lottery Community Fund, National Voices, NHS North Central London ICB, NHS North West London ICB, NHS South East London ICB, North Central London Cancer Alliance, North Lewisham Primary Care Network, Oak Foundation, On Our Radar, Pathway, Research in Practice, Royal Borough of Kensington and Chelsea, Royal Free London NHS Foundation Trust, Shelter, Single Homeless Project, Sir James Roll Charitable Trust, South London and Maudsley NHS Foundation Trust, St Mungo's, Strand Parishes Trust, Streets of London, Swire Charitable Trust, Swiss Philanthropy Foundation, Thames Reach, The Albert Hunt Trust, The Henry Smith Charity, The Sheila McKechnie Foundation, The Young Foundation, Tower Hamlets Council, Transformation Partners in Health and Care, Trust for London, University College Hospitals NHS Foundation Trust, University of Newcastle, Vitol Foundation and Westfield Health Charitable Trust.

Principal risks and uncertainties

Groundswell operates a robust risk management and control framework, including the preparation of a detailed risk register. Key ongoing and emerging risks are reviewed quarterly by both the Finance Committee and the Senior Leadership Team, and every six months by the Board (with any pressing risks reported to the board regularly). Additionally, the Charity operates a thorough system of incident reporting, which is managed by the Senior Leadership Team and overseen by the People Committee.

The Groundswell Trustees fully acknowledge the risk that is inherent in the Charity's work. We take these risks consciously and conscientiously, applying our thorough risk framework to our

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work - as we believe that empowering people experiencing homelessness to be at the heart of delivering solutions to homelessness is the most effective way to address the growing societal concern of homelessness.

The principal risks identified by the Board and Senior Leadership Team are: failure to meet fundraising targets; maintaining sufficient cashflow; the future of health services / NHS reform; increased demand for HHPA not matched by increased funding; cyber security / data protection / fraud; failure to recruit and retain volunteers and staff with experience of homelessness and/or represent the diversity of the community, changes to benefits affecting ability for some to work, and safeguarding concerns.

Some of the key controls put in place to mitigate this principal risks are: strong annual budget and cashflow forecasting and mid-year forecasting; monthly development meetings with all Directors and Heads of, prioritising fundraising and relationship management; strict cashflow controls; fortnightly SLT meetings; negotiations of contracts for full cost recovery; additional Complex Case Manager post in the HHPA team; creation of a Head of role to oversee Progression and Volunteering, with a focus on volunteer recruitment; retention and support are strong, accessible safeguarding policies, processes and training.

Fundraising policy

To raise £2,231,051, Groundswell spent £131,279. As a percentage of overall spend, the figure of represents 6%, which is well below the lower end of the 10-15% target range we have set ourselves. We aim to keep our fundraising spend within a range because we recognise that some years, we need to invest more than others to produce results in the future. The trustees have agreed to increase the investment in financial year 2024/25.

Groundswell does all fundraising in-house, never using third party commercial fundraisers. We are registered with the Fundraising Regulator and comply with the code of fundraising practice. During the period, we did not have any non-compliance issues, nor receive any fundraising complaints.

Structure, governance and management

Governance

The management of the Company is the responsibility of the Board Members who are appointed under the terms of the Articles of Association which state that:

“Any person who is willing to act as a Trustee, and who would not be disqualified from acting under the provisions of Article 27, may be appointed to be a Trustee by a decision of the Trustees.”

The Board Members perform the role of Directors in company law and of Trustees in charity law. The minimum number of Trustees is four, with a maximum of 12. Those who served during the period are listed on page one.

All Trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 8 to the accounts.

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Board Meetings are held quarterly to ensure that the charity is operating effectively and within its aims. Additionally, the Board operates two standing sub-committees: a Finance Committee, which maintains a consistent framework for financial and risk control in Groundswell, and a People Committee, which supports Groundswell to be a healthy, safe and enabling organisation for its staff and volunteers.

Groundswell commits to having two or more Board members with lived experience of homelessness - during this period, 50% of trustees met these criteria. There have been some recent changes to the roles of our Board members, and we are incredibly grateful for their continued support and guidance and are delighted to have Gina Rowlands in the position of Chair of Trustees and Jenny Travassos as Treasurer. We would like to thank Tony McKenzie, who stepped down from the board after two years, and Beth Kirby and Jenny Yates, who stepped down shortly after the financial year end.

The charity formed a nominations working group to oversee the recruitment of new trustees as necessary, and began recruitment for two new trustees in in March 2024, which resulted in us welcoming Jennifer Connoly and Rachel Allen-Lowton to our board in July 2024.

Related parties and relationships with other organisations

In order to deliver its services and research and campaign work Groundswell cooperates with statutory bodies and voluntary sector organisations across the UK. During the period, the charity remained in partnerships with Crisis and Shelter through the #HealthNow programme, funded by the National Lottery Community Fund (ended October 2023). The partnerships are defined by formal Collaboration Agreements. During the period, one trustee declared related party interests, which are explained in note 8 and 9.

Remuneration policy

Groundswell's Finance & People Committees oversee remuneration, with responsibility for external benchmarking, salary recommendations, recruitment processes and cost of living increases. Groundswell aims to ensure that all staff are appropriately remunerated for their work. We achieve a fair balance which takes into account: the aim of attracting suitably qualified and dedicated staff, the external environment, the organisation's financial position and considerations of our beneficiaries.

Management

Groundswell operates a Senior Leadership Team (SLT) to oversee the successful delivery of activities. The members of that team, who served during the year, are listed on page 1. The total amount of salary costs associated with this group in 2023-24 was £310,983 (previous year: £297,266), of which £30,125 were Employer National Insurance Contributions and £12,072 was pension contributions.

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Achievements and performance in the delivery of public benefit

The Groundswell Trustees have taken account of Section 17 (5) of the Charities Act and the Charities (Accounts and Reports) Regulations 2008, which require us to have regard to the guidance on public benefit issued by the Charity Commission when exercising their duties. We state that the activities delivered by Groundswell during 2023-24, described in this report, directly further Groundswell's charitable objects and that these activities have been undertaken for the public benefit.

Statement of responsibilities of trustees

The Trustees (who are also directors of Groundswell Network Support UK for the purposes of company law) are responsible for preparing the report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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

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

In so far as the trustees are aware:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom

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governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. The Trustees have no beneficial interest in the charity.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2024 was 8 (2023: 8). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Auditor

Sayer Vincent LLP was re-appointed as the charitable company's auditor during the year and has expressed its willingness to continue in that capacity. The trustees’ annual report has been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

The trustees’ annual report has been approved by the trustees and dated and signed on their behalf by:

Jenny Travassos, Treasurer Date: 14th November 2024

Gina Rowlands, Chair Date: 14[th] November 2024

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Independent Auditor’s Report to the members of Groundswell Network Support UK

Opinion

We have audited the financial statements of Groundswell Network Support UK (the ‘charitable company’) for the year ended 31 March 2024, which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 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 responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

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 the 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 trustees’ annual 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:

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Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, 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 continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

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

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

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

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financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.

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 is available 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 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 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 audit work, for this report, or for the opinions we have formed.

Joanna Pittman (Senior statutory auditor)

Date: 18 November 2024

for and on behalf of Sayer Vincent LLP, Statutory Auditor

110 Golden Lane, LONDON, EC1Y 0TG

24

Groundswell Network Support UK Statement of Financial Activities for the year ended 31 March 2024

Total Total
Notes Unrestricted Restricted Funds Unrestricted Restricted Funds
2024 2024 2024 2023 2023 2023
Income from: £ £ £ £
Donations and
legacies 2 160,185 - 160,185 113,656 - 113,656
Charitable activities: 3
Creating Change 86,780 479,068 565,848 58,093 746,461 804,554
Good Health 897,195 75,000 972,195 889,995 125,000 1,014,995
Progression 407,681 119,527 527,208 185,795 218,238 404,033
Other trading
activities 2,800 - 2,800 120 - 120
Investments 4 2,815 - 2,815 1,182 - 1,182
Total income 1,557,456 673,595 2,231,051 1,248,841 1,089,699 2,338,540
Expenditure on:
Raising funds 5 131,279 - 131,279 132,187 - 132,187
Charitable activities 5
Creating Change 204,777 622,922 827,699 202,266 724,846 927,112
Good Health 775,285 76,194 851,479 878,151 116,755 994,906
Progression 293,736 125,512 419,248 195,455 171,985 367,440
Total expenditure 1,405,077 824,628 2,229,705 1,408,059 1,013,586 2,421,645
Net
income/(expenditure) 152,379 (151,033) 1,346 (159,218) 76,113 (83,105)
Transfers between
funds (1,618) 1,618 - 13,672 (13,672) -
Net movement of funds 16 150,761 (149,415) 1,346 (145,546) 62,441 (83,105)
Reconciliation of funds
Total funds brought
forward 497,003 254,259 751,262 642,549 191,818 834,367
Total funds carried
forward 647,764 104,844 752,608 497,003 254,259 751,262

25

Company number: 4151312 Charity number: 1089987

Groundswell Network Support UK Balance Sheet as at 31 March 2024

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

2024 2023
Notes £ £
Fixed Assets
Tangible assets 12 1,307 2,835
Current Assets
Debtors 13 261,861 201,139
Cash at Bank and in Hand 620,815 715,674
882,676 916,813
Creditors
Amounts falling due with one year 14 (131,375) (168,386)
Net Current Assets 751,301 748,427
Total Assets Less Current Liabilities 752,608 751,262
Funds
Restricted 17 104,844 254,259
Unrestricted 17 647,764 497,003
Total Funds 752,608 751,262

Approved by the trustees on 14[th] November 2024 and signed on their behalf by:

Gina Rowlands Chair

Jenny Travassos Treasurer

26

£

£

Groundswell Network Support UK Cash Flow Sheet as at 31 March 2024

Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities (93,163) (45,635)
Cash Flows From Operating Activities:
Dividends, interest and rents from investments - -
Purchase of fixed assets (1,696) (4,177)
Net cash provided by (used in) investing activities (1,696) (4,177)
Change in cash and cash equivalents in the reporting period (94,859) (49,812)
Cash and cash equivalents at the beginning of the reporting period 715,674 765,486
Cash and cash equivalents at 31 March 2024 620,815 715,674
Analysis of Cash and Cash Equivalents 2024 2023
£ £
Cash in hand and at bank 620,815 715,674
Total cash and cash equivalents 620,815 715,674
- -
Reconciliation of net income/(expenditure) to net cash flow from
operating activities
2024 2023
£ £
Net income/(expenditure) for the reporting period (as per the statement of
financial activities) 1,346 (83,105)
Depreciation charges 3,224 8,126
Loss on disposal of fixed assets - 1,080
Decrease/(Increase) in debtors (60,722) 15,311
Increase/(decrease) in creditors (37,011) 12,953
Net cash flow from operating activities (93,163) (45,635)

27

The notes on pages 29-43 form part of these financial statement

28

Notes to the financial statements at 31 March 2024

1) Accounting Policies

a) Statutory information

Groundswell Network Support UK is a charitable company limited by guarantee and is incorporated in England and Wales.

The registered office address is Canterbury Court, 1-3 Brixton Road, London, SW9 6DE.

b) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

c) Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

d) Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. Groundswell ended the financial year in a strong position, within the target unrestricted reserves target, there are good levels of secured income and a strong fundraising pipeline for the financial year 2024-25 alongside a good understanding with clear controls to monitor and manage risk.

29

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

f) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

30

g) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

h) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

i) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

j) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity.

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

31

Support and governance costs are re-allocated to each of the activities on the following basis, which is an estimate, based on staff time, of the amount attributable to each activity

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

k) Operating leases

Rental charges are charged on a straight-line basis over the term of the lease.

l) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

m) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

n) Cash at bank and in hand

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

o) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated

32

reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

p) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

q) Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

2) Donations and legacies

2) Donations and legacies
2024 2023
Unrestricted Restricted Total Unrestricted Restricted Total
£ £ £ £ £ £
Gift aid 703 - 703 2,121 - 2,121
Personal donations 16,601 - 16,601 16,942 - 16,942
Donations from foundations, trusts and Donations from foundations, trusts and
other corporate bodies 142,881 - 142,881 94,593 - 94,593
160,185 - 160,185 113,656 - 113,656

All income from donations and legacies for the current and prior year was attributable to unrestricted income.

3) Income from charitable activities

3) Income from charitable activities Income from charitable activities
Total Total
Unrestricted Restricted 2024 Unrestricted Restricted 2023
Creating Change £ £ £ £ £ £
Amnesty International Limited - - - 570 - 570
Centre for Homelessness Impact - 344 344 - - -
City Of London - - - 32,000 - 32,000
Comic Relief - 196,706 196,706 - 198,939 198,939
Homeless Link - 149 149 - - -
I Modszertani Szoc.Kp.Es Intezm. - 5,938 5,938 - 8,764 8,764
Inner Eye Productions Ltd 225 - 225 - - -
Impact on Urban Health - - - - 3,321 3,321
Ipsos Mori UK Ltd 45,162 - 45,162 2,976 - 2,976
King's College London 18,445 - 18,445 7,505 - 7,505
London Councils - - - 3,356 - 3,356

33

Manchester University NHS
Foundation Trust 75 - 75 2,492 - 2,492
National Lottery Community Fund - 268,579 268,579 - 476,622 476,622
National Voices 250 - 250 - - -
On our RADAR Ltd. - 1,208 1,208 - 1,194 1,194
The Sheila McKechnie Foundation 40 - 40 - - -
The Young Foundation - 2,000 2,000 - 8,000 8,000
Tower Hamlets Council 1,200 - 1,200 - - -
Trust for London 8,000 379 8,379 - 49,621 49,621
University of Newcastle 13,383 - 13,383 9,194 - 9,194
University College London - 3,765 3,765 - - -
Charitable income for Creating
Change 86,780 479,068 565,848 58,093 746,461 804,554
Good Health
Bupa Foundation - - - - 50,000 50,000
City of Westminster 29,460 - 29,460 78,628 - 78,628
East London NHS FT 69,975 - 69,975 69,975 - 69,975
Find and Treat 55,036 - 55,036 - - -
Greater London Authority - 50,000 50,000 - 50,000 50,000
London Borough of Lambeth 76,492 - 76,492 106,491 - 106,491
London Borough of Islington - - - 70,000 - 70,000
London Borough of Southwark 51,579 - 51,579 52,963 - 52,963
London Borough of Hackney 88,453 - 88,453 - -
The Mercers' Company - 25,000 25,000 - 25,000 25,000
NHS England - - - 34,969 - 34,969
NHS North Central London ICB 33,000 - 33,000 60,000 - 60,000
NHS North West London ICB 323,884 - 323,884 222,717 - 222,717
NHS South East London Integrated
Care Board (Lewisham) - - - - - -
NHS South East London ICB 25,583 - 25,583 35,096 - 35,096
North Lewisham Primary Care
Network 15,966 - 15,966 - - -
One Health Lewisham NLPCN - - - 17,622 - 17,622
South East London Integrated Care
Board (Lewisham) - - - 1,585 - 1,585
South London and Maudsley NHS
Foundation Trust 8,774 - 8,774 - - -
St Mungos Regional Head- Hounslow
and Hammersmith and Fulham 40,000 - 40,000 40,000 - 40,000
Thames Reach Homeless Charity 76,993 - 76,993 44,913 - 44,913
University College Hospitals NHS
Foundation Trust - - - 55,036 - 55,036
Westfield Health Charitable Trust 2,000 - 2,000 - - -
Charitable income for Good Health 897,195 75,000 972,195 889,995 125,000 1,014,995

34

Progression
Alma Jean Henry Charitable Trust - - - 1,000 - 1,000
Amnesty International Limited 6,109 - 6,109 - - -
Big Issue - - - 375 - 375
Cape Project - - - 1,050 - 1,050
City of Westminster 101,225 - 101,225 24,292 - 24,292
Crisis Newcastle - - - 1,700 - 1,700
Crisis Skylight Birmingham 2,382 - 2,382 2,698 - 2,698
Department of Health and Social Care - - - 1,750 - 1,750
DePaul - Dublin 2,400 - 2,400 - - -
Sir James Roll Charitable Trust - - - 1,250 - 1,250
EASL (Enabling Assessment Service
London) 1,500 - 1,500 - - -
Fidelity UK Foundation - 67,829 67,829 - 95,024 95,024
Good Things Foundation 3,600 - 3,600 - - -
Halcrow Foundation Ltd - 11,698 11,698 - 19,628 19,628
Harrow Council - - - 1,326 - 1,326
Health London Partnership - - - 24,999 - 24,999
Healthwatch England (50) - (50) 200 - 200
Homeless Link 28,735 - 28,735 37,022 - 37,022
Hospital Saturday Fund 2,000 - 2,000 - - -
Inner London Magistrates' Court's 5,000 - 5,000 - - -
Marie Curie 1,944 - 1,944 5,589 - 5,589
Mayday Trust 37,867 - 37,867 - - -
Mind - - - 470 - 470
National Voices - - - 2,150 - 2,150
NHS England - - - 550 - 550
NHS North West London CCG - - - 9,723 - 9,723
NHS South West London ICB 4,060 - 4,060 2,610 - 2,610
NHSE North East and Yorkshire - - - 12,679 - 12,679
Norwich City Council - - - 20,821 - 20,821
Institute of Medical Ethics 1,700 - 1,700 - - -
Oak Foundation 100,000 - 100,000 - 63,586 63,586
Pathway 9,865 - 9,865 1,466 - 1,466
Research in Practice 595 - 595 - - -
Royal Free London NHS Foundation
Trust 54,491 - 54,491 - - -
SHP Camden 280 - 280 - - -
Shelter Greater Manchester 4,140 - 4,140 - - -
Souter Charitable Trust - - - 5,000 - 5,000
Streets of London 15,000 - 15,000 - - -
Swire Charitable Trust - - - 20,000 - 20,000

35

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |The Henry Smith Charity|-|40,000|40,000|-|40,000|40,000| |The Big Issue Changing Lives CIC|800|-|800|-|-|-| |The Grace Trust|1,500|-|1,500|-|-|-| |Tower Hamlets Council|-|-|-|4,200|-|4,200| |University College Hospitals NHS| |Foundation Trust|22,538|-|22,538|-|-|-| |Wakefield District Council|-|-|-|2,875|-|2,875| |Charitable income for Progression|407,681|119,527|527,208|185,795|218,238|404,033| |Total income from charitable| |activities|1,391,656|673,595|2,065,251|1,133,883|1,089,699|2,223,582|

----- End of picture text -----

4) Investment income

----- Start of picture text -----
|||||| |---|---|---|---|---| |Unrestricted|Restricted|2024 Total|2023 Total| |£|£|£|£| |Investments|2,815|-|2,815|1,182| |2,815|-|2,815|1,182|

----- End of picture text -----

All income from investments for the current year was attributable to unrestricted income.

5) Analysis of expenditure on charitable activities

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Raising|Creating|Good|Governance|Support|2024|2023| |Current year|funds|Change|Health|Progression|costs|costs|Total|Total| |£|£|£|£|£|£|£|£| |Staff costs (Note 7)|101,946|417,600 584,733|293,933|-|189,941|1,588,153|1,547,228| |Project costs|2,182|125,618 110,903|47,190|197|(51,989)|234,101|325,608| |Grants|- 168,514|-|-|-|-|168,514|280,915| |Accommodation expenses|120|2,084|71|2,870|70|80,191|85,406|99,570| |Office expenses|-|1,011|2,181|459|7|55,363|59,021|60,774| |IT and systems expenses|1,408|7,245|6,481|742|-|19,172|35,048|41,219| |External professional| |expenses|-|32|-|13|-|2,626|2,671|1,410| |Depreciation and loss on| |disposal|-|581|144|165|-|2,335|3,225|9,206| |Finance charges|-|12|-|-|373|1,339|1,724|1,708| |Insurance|-|43|-|-|-|635|678|2,199| |Audit and professional fees|-|-|-|-|2,800|47,231|50,031|48,355| |Trustee expenses and other| |governance costs|-|-|-|-|591|542|1,133|3,453| |105,656|722,740 704,513|345,372|4,038|347,386|2,229,705|2,421,645| |Support costs|25,329|103,753 145,277|73,027|(347,386)| |-| |Governance costs|294|1,206|1,689|849|(4,038)|-|

----- End of picture text -----

36

Total expenditure 2024 Total expenditure 2024 131,279 827,699 851 699 851,479 419,248 - -
Total expenditure 2023 Total expenditure 2023 132,187 927,112 994 112 994,906 367,440 - -
Raising Creating Good Governance Support 2023
Prior year funds Change Health Progression costs costs Total
£ £ £ £ £ £ £
Staff costs (Note 6) 97,353 392,777 682,864 245,481 - 128,753 1,547,228
Project costs 15,879 160,123 171,087 77,074 - (98,555) 325,608
Grants - 280,915 - - - - 280,915
Accommodation expenses - 9,958 3,713 754 - 85,145 99,570
Office expenses 849 2,610 9,978 598 - 46,739 60,774
IT and systems expenses 934 10,285 3,306 234 - 26,460 41,219
External professional expenses - - - - - 1,410 1,410
Depreciation and loss on
disposal - 715 3,509 - - 4,982 9,206
Finance charges - - - - 420 1,288 1,708
Trustee expenses (incl.
insurance) - 448 - - - 1,751 2,199
Audit and professional fees - - - - 9,005 39,350 48,355
Trustee expenses and other
governance costs - - - - 3,453 - 3,453
115,015 857,831 874,457 324,141 12,878 237,323 2,421,645
Support costs 16,288 65,715 114,249 41,071 (237,323)
-
Governance costs 884 3,566 6,200 2,228 (12,878) -
Total expenditure 2023 132,187 927,112 994,906 367,440 - -

6) Analysis of grants

Analysis of grants
2024 Total 2023 Total
£ £
Crisis UK 98,970 167,957
On Our Radar Ltd 18,432 23,824
Shelter 51,112 89,134
168,514 280,915
2024 Total 2023 Total
£ £
Organisations 168,514 280,915

37

As part of Groundswell's National Lottery Community grant for the #HealthNow campaign we are in partnership with Crisis and Shelter, as per the grant agreement we pay them to deliver their commitments locally in Greater Manchester (Shelter), Birmingham and Newcastle (Crisis).

As part of our Comic Relief grant for our ListenUp! Project, On Our Radar are an official partner and receive some of the grant to support our reporters on the project.

7) Net income for the year

7) Net income for the year
2024 2023
This is stated after charging (crediting): £ £
Depreciation 3,224 8,126
Loss on disposal of fixed assets - 1,080
Operating lease rentals:
Property 85,406 99,570
Equipment 2,160 2,462
Auditor's remuneration (excl VAT):
Audit 9,300 8,700

8) Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

8) Analysis of staff costs, trustee remuneration and expenses, and the cost of key management
personnel		 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management Analysis of staff costs, trustee remuneration and expenses, and the cost of key management
Staff costs were as follows: 2024 2023
£ £
Salaries and wages 1,351,137 1,301,747
Social security costs 135,409 134,092
Employer's contribution to defined contribution pension schemes 62,027 62,717
Staff welfare 14,203 25,107
Recruitment costs 7,775 1,457
Other (including training) 17,603 22,108
1,588,154 1,547,228

38

Staff numbers:

The average number of employees (head count based on number of staff employed) during the year was 41.42 (2023: 43.5). FTE of employees during the year was 36.74 (2023: 40.12)

Staff are split across the activities of the charitable company as follows (head count basis):

2024 2023
No. No.
Creating Change 11.57 10.38
Good Health 17.43 19.93
Progression 7.00 7.95
Support Costs 3.47 2.95
Fundraising 1.95 2.29
41.42 43.50
The following number of employees received employee benefits (excluding
employer pension costs and employer's national insurance) during the year
between: 2024 2023
£60,000 - £69,999
£70,000 - £79,100		 1
1
-
-
~~—T—~~

The total employee benefits (including employer's pension contributions and employer's national insurance) of the key management personnel were £310,983 (2023: £297,266)

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2023: £nil).

One charity trustee received payment for professional or other services supplied to the charity. The services provided were by Gina Rowlands as acting CEO whilst recruitment took place for the position and amounted to £8,800 which has been included in the KMP disclosure. Gina resigned from her role as trustee in February 2023 before taking on the role of Interim CEO. (2023: £9,200). Gina has been re-appointed as a trustee in June 2023.

Two trustees received payment or reimbursement of travel, accommodation and subsistence costs for attendance at meetings in the current year totalling £959 (2023:5 Trustees for £2,223).

9) Related Party Transactions

There was only one related party transaction in the year (2023 - None). As stated in note 8, Gina Rowlands received payment for professional services rendered to the charity amounting to £8,800 (2023: £9,200).

10) Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

39 tt

11) Tangible Fixed Assets

Fixtures and Computer
fittings equipment Total
£ £ £
Cost or valuation
At 1 April 2023 1,140 42,692 43,832
Additions in the year 74 1,622 1,696
Disposals in the year - - -
At 31 March 2024 1,214 44,314 45,528
Accumulated Depreciation
At 1 April 2023 1,140 39,857 40,997
Depreciation for the year 74 3,150 3,224
Eliminated on disposal - - -
At 31 March 2024 1,214 43,007 44,221
Net book value
At 31 March 2023 - 2,835 2,835
At 31 March 2024 - 1,307 1,307

All the above assets are used for charitable purposes.

12) Debtors and prepayments

As at 31 March As at 31 March
2024 2023
£ £
Trade debtors 224,941 168,557
Other debtors 17,550 13,830
Prepayments 11,637 18,752
Accrued income 7,733 -
261,861 201,139

All of the charity's financial instruments, both assets and liabilities, are measured at amortised cost. The carrying values of these are shown above and also in note 12 below.

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13) Creditors: Falling due within one year

As at 31 March As at 31 March
2024 2023
£ £
Trade creditors 12,983 25,318
Taxation and social security 53,695 38,837
Other creditors - 7,414
Accruals 21,712 22,652
Deferred income (note14) 42,985 74,165
131,375 168,386

14) Deferred income

As at 31 March As at 31 March
2024 2023
£ £
Balance at the beginning of the year 74,165 55,789
Amount released to income in the year (74,165) (55,789)
Amount deferred in the year 42,985 74,165
Balance at the end of the year 42,985 74,165

15) Analysis of net assets between funds

Current Year Unrestricted
funds Restricted funds Funds Total
£ £ £
Fund balances at31 March 2024are represented by:
Tangible fixed assets 1,307 - 1,307
Net Current Assets 646,457 104,844 751,301
647,764 104,844 752,608
Unrestricted
Prior Year funds Restricted funds Funds Total
£ £ £
Fund balances at31 March 2023are represented by:
Tangible fixed assets 2,835 - 2,835
Net Current Assets 494,168 254,259 748,427
497,003 254,259 751,262

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16) Movement in funds

At 1 April Income & Expenditure At 31 March
Current Year 2023 Gains & losses Transfers 2024
£ £ £ £ £
Restricted funds
Creating Change 145,930 479,068 (622,922) 1,618 3,694
Good Health 21,238 75,000 (76,194) - 20,044
Progression 87,091 119,525 (125,510) - 81,106
Total restricted Funds 254,259 673,593 (824,626) 1,618 104,844
Unrestricted funds
General funds 497,003 1,557,458 (1,405,079) (1,618) 647,764
Total unrestricted funds 497,003 1,557,458 (1,405,079) (1,618) 647,764
Total Funds 751,262 2,231,051 (2,229,705) - 752,608

Purposes of restricted funds

Creating Change - This strand of the strategy represents all the work we will be doing to challenge and change policy, practice and attitudes – through gathering research, stories and insight. Restricted funds were carried over for the Listen Up! Comic Relief grant funded project, which ended September 2024.

Good Health - This strand represents all our people focused health work; innovative services that enable people to access the health care they need. Restricted funds were related to grants for our Complex Case Manager role and health promotion projects across London.

Progression - This strand represents all our work on developing and supporting a workforce with experience of homelessness to participate in designing and delivering solutions to homelessness whilst progressing in their own lives. Restricted funding for this work was multi-year grants from Fidelity UK Foundation and Henry Smith Charity

17) Operating lease commitments

The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:

Property Property Equipment Equipment
As at 31 As at 31 As at 31 As at 31
March 2024 March 2023 March 2024 March 2023
£ £ £ £
Less than one year 61,213 63,444 - -
Two to five years 80,535 77,439 - -
141,748 140,883 - -

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18) Legal Status

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

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6%ounds Of homeless 020 7725 2851 www.groundswell.org.uk @ ItsGroundswell