CLUB Making change count for homeless people Company Regtstratlon No. 4238295 IEn8l•nd & Wales) Char•ty Registration N¢. 1091077 The 999 Club and Lady Florence Trust Trustees, report and financial statements For the year ended 31 August 2021 1111 *tsAY4VMOB 1W0212022 COMPANIÈS HOUSE
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The 999 Club and Lady Florence Trust CLUB Contents Page Charity information Report of the Chair of the Board Report of the trustees Independent auditor5. report io Consolidated statement of financial activities 14 Balance sheets 15 Consolidated cash flow statement 16 Notes to the financial statements 17
The 999 aub and Lady Florence Tntst Reference and administrati¥e inforniation For the year ended 31 August 2021 CLU Trustees Gordon Mccullough Ichairl Toju Mayomi (Treasurer) Dan 8urraway (Appointed on 29 April 20211 Tim Colman Julie Greenwood Mamt3 Gupta (Appointetl on 29 April 20211 Arti Modhwadia (Appointed on 29 April 20211 ljay Onyechi (Appointed on 29 April 20211 Jo Tanner ManlK> 8attaglia Trovato Secretary Thomas Neumark Jones {from 26 April 20211 Paul Calland Ilnteriml Chiel EXUt1¥¢ Thoma5 Neurnark Jones {from 26 April 20211 Paul Calland Ilnteriml Registered office 21 Depttord Broadwav London SE8 4PA Company registration number Registered thafity number The 999Club The 999 Club The Lady Florence Institute 4238295 1091077 312816 Bankers The 999 Club HSBC Bank PIC 85 Lewisham High Street London SE8 4RQ The Lady Fknrence Institute Unity Trust Bank PO Box 782 Orpington 8R6 IEN Solicitors TV Edwards 35 Mile End Road London E14TP Authors Safferychampness LLP 71 Queen Virtoria Street London EC4V 48E Page I
The 999 Club and Lady Florence Trust Report ot the Chair of the Board For the year ended 31 August 2020 CLi l arn delighted to sho the Tnjstees. report and financial statement5 for the year I September 2020 to 31 August 2021, a year that has been dominated by the ongoin8 Covid-19 pandemic. In common with the rest of the COLbntry, throughout the year our Corner of South East London was hit bv number of 'waves' of the virus with accompanying restrirtK)ns and emergency Measu$. It has been turbulent time for many of the people that use our services. On the one hand, many were able to find accommodation through the Goverrbment's'E¥eryone In. whbch saw a dramatic decrease in the number of people sleeping on the streets of Lewisham. while on the other hand. many faced challenges when the ban on evictions and the temF)orary increase in Universal Credit ended. Throughout this time, 999 Club has quickly adapted our services to support people ihat are either experrencing homelessness or at risk of homelessness. always ensuring that the way we work is welcomin& friÈndly, empowering and supportive. I was particularly glad to see our Gateway ntre fully re-open, when government restrictions ended in summer 2021. and that we have progressed with plans to create a dedicated space forwomen experiencing homelessnes5. a groupthat can be overlooked but who often need Specialist support. It has also been a time of change for the 999 aub. We welcomed four new trustees to the Board. They bring new the skills. knowledge. diversity and local conneciion to the Board and are already making their presence felt. We said goodbye to Paul Calland. our interim CEO and welcomed Thomas Neumark as CEO. He and hi5 team have been busy ensuring we have a robust organisation that can play an important role in the work to come. I would like to th#nk the Mayor of Lewisham. Damien Egan for ch005ing the 999 Club to be his charity of the yearforthethbrd year runnin& and for all the support he has provided, not least raisFng fvnds by running the London Marathon. l am very grateful all the people, trusts and companies that have supported 999 Club in the past year. Thank you to ourfunders foryourgenerosity and support during this time. Ourwork would not be possible without you. Since we reopened our Gateway centre. we have more than doubled the number of people volunteering with the charity. This diverse group of people. many of whom have personal experience of homelessness. contribute so muchto their local community. helping people to helpthem5elves escape from homelessness. Thank you for your Eenerosrty and good humour. during this strange and challenging time. In 2022, the 999 Club will be 30 years old. As we look fofward to the year ahead, we can reflect on the past 30 years. The charity ha5 changed a lot during that lime, wrth different services and different people. However, some thing5 have been constant. We have always been a charity that is rooted in a special part of London, one that works with people that are experiencin8 tryin8 times and one that brings a sense of community and pa5510n to evewhing we do. As we look ahead to 2022 and whatever challenges it may brin& l am confident that we will build on these traditions and our strong foundations, increasing our impact in a sustainable manner. Gordon Mccullough ChaTrr of Trustees Mar¢h 2022 P38e 2
The 999 Club and Lady Florence Trust Trustee5' report For the year ended 31 Au8ust 2021 CiU8 Oyr Vision Our vision is that no one will sleep on the streets in Lewisham Our opprooch to achieving our vision is to provide a friendly open door for anyone that is sleeping on the streets or at risk of sleeping on ihe Streets so that we can help people to help themselves escape from homelessness. We believe that sleeping rough in Lewi5ham should be rare, fleeting and never repeated. We have three missions.. -If you're at risk of steeping on the street. we'll stop it happening -If you're sleeping on the street, we'll help you to Quick find a home -If you've previously slept on the street. we'll help you to stay in your new home In everything we do. we demonstrate our vali5 -Inclusive.- We are welcoming and supportive. -Re5pectful.. We respect each other and celebrate diverstty $0 that everyone can give their best -Empowering.' We encourage people to take personal responsibility for making positive changes in their lives by providing opportunities, developing their talents. and helping to build their confidence and Self esteem. -Partnership.' We recognise the importance of working collaboratNely with people who come to the centre to design. deliver and evaluate our services. -Inspiring.' We all inspire one another to discover our purpose and reach our full potential, celebrating OLJr achievements and positNe steps forward. Governance The 999 Club, a company Iwnited by guarantee and a re8i5tered charity, was formed in 1992. The objects of the charity are Boverned by the Memorandum and Articles of Association adopted in February 2002. The Council of Management which equates to the Board of Trustees land is henceforth referred to as such) Is the sole corporate trustee of the Lady Florence Institute whose object5 are set out in a separate document. The 999 Club and Lady Florente Trust's objects are in line with those objects. The accounts of the two organisations are therefore con501idated. A5 the sole corporate trustee of the Lady Florence Institute. the 999 Club provides administrative support for that charrty a5 well as management of its freehold property and assets. The Board of the 999 Club. supervise the govemance and management of the organiSatn. Trustees who served during the year. or have been subsequentfy appointed, are shown on page l. Appointment to the Board is by nomination by the members after the needs of the Charity are considered by the current Trustees. The Board of Trustees aims to ensure that the composition of Tru5tee5 contains individuals with suitable skills and experience to contribute positively to the govemance of the Charity. Trustees are given a thorough induction including provision of information provided by the Charity Commission on the role of a trustee. Training is provided on a personalised basis. Pale 3
The 999 Club and Lady Florence Trust Trustee5' report Forthe year ended 31 August 2021 CLUO The organisation has a clear organisational Structure with lines of authority and delegation. which are regularly reviewed by the Board. The 8oard is responsible for setting strategies and polbcies at7d for ensuring that these are implemented by the Chief ExecutNe on behalf of the Board. The Board has responsibility for Setting remuneration of the CEO and key management personnel. In doing $0 it undertakes market testing and benchmarking against other similar siied organisations and those with growth and change ambitions similar to our own. The 2011 Charities Act requires all charities to meet the legal requirements that ris aims are for the public benefits. taking into account the 2010 Equality Act. The Charity Commission in its °Charities and Public Benefiv Guidance states that there are two key principlÈs to be met in order to show that an organisation's aims are for the public benefit.. the benefit must be identifiable- the benefit must be to the public in general or a sertion of the public. The Board of Trustees confirm they have regard to the Charity Commission's guidance on public benefit and consider each year how the charity meets the public benefrt objectives outlined in Section 4 of the Charitie5 Act 2011. They are satisfEd that the 999 Club and Lady Florence Trust meets the requirements and conforms to the Act's definition of a charity Meeting all elements of the two key principS. Related parties The 999 Club and Lady FlorenceTTVSt is the sole corporate trustee of the Lady Florence Institute (Registered Charity 3128161 which hold5 the freehold of the property at 21 Deptford Broadway and Lady Florence Courtyard. The Lady Florence Institute has made a donation to the 999 Club and Lady Florence Trust this year. This level of support will continue into the futu. Pdity• planning and ri$k management The Board are responsible for the management of the rTrsks face(1 by the organisation. for safeguarding the ssets of the charf(y and for taking reasonable steps foT the prevention and detection of fraud and other irregularities. The Board review the organisational risk position. internal control assessment and tts compliance with relevant statutory and finance regulations. To evaluate and manage risk a risk register is maintained. which is monitored and reviewed at Board meetings. This process identifies the major risks the organisation faces, the likelihood of occurrence. the Significan of the risk and any mitigating controls that are in place and seeks to identify any actn$ and resources required to manage these risks further. The Board has agreed clear lines of authority with staff. The Board is satisfied that systems are in place to mitigate our exposure to major risks. both from within the charity and to those related to the external environment over which we have no control. Objects and Activities The objects of the 999 Club and Lady Florence Trust are-. The relief of poverty by the provh5ion of an aifvice and counselling service. The advancement of education and the provision of facilities for recreation and other lei5ure-tirne occupation for people who have need of such facilities of their youth. age, infirmity andlor disablement. poverty or social and econombc circumstances with the object of improving their conditions of life. P4
The 999 Club and Lady Florence Trust Trustees, ¢Èport For the year ended 31 August 2021 CLi As the sole corporate trustee of the Lady Florence Institute. the 999 Club provides administratNe support for that charity as well as management of its freehold property and assets. Covid-19 pandem The ongoing impart of the Covid-19 pandemic meant the 999 Club needed to adapt some of its services and rtrfocus priorities. Rather than provide a night shelter. we employed floating support workers to support clients staying in temporary accommodation. Our Gateway centre reopened, closed and then reopened again, in line with changing government guidance. Throughoyt the pandemic we have balanced the importance of supportinE people that are eitherat risk of homelessness or experiencing homele55ness, Wlth ensuring we provide ser¥ices that a safe for staff. volunteers and people that use them and which comply with all relevant government guidance and legislation. Review of past ac11e5 In 2020121999 Club provided the following services: .A welcoming. open access centre on Deptford High Street. offering practical help such as food. laundry and showers as well as and a safe and friendly space -Advice and guidance for people either experrencrng or at risk of homelessftess so that they can access housing, employment, education. training and volunteering -working with partner agencies to provide specialist support around benefrts and legal advKe. substance misuse, physical and mental health -Proving OPFKJrtunities for people to learn and develop, including developing their skilk. improving their wellbeing and expressin8 their creatNity hievements and perforniae Between September 2020 and September 2021 we supported 490 different people, Includi 103 wornen and 280 people with no recourse to public funds. As we entered the last stage of the Governmenys Spring 'roadmap' and the end of emergency support measures and restrictions relating to the pandemic, we saw a dramatic increase in the number of people attending our Gateway centre. rising from a monthly attendance of 129 in April to 753 in August 2021. Pale 5
The 999 Club and Lady Florence Trust Truste report For the year ended 31 August 2021 CLUB Our Housing Employment Education and Advice Team saw 176 different people in the year. providing 2.376 5e55ions. We were delighted to help 97 people find accommodation lincluding 16 in supported accommodation), 21 people to find employment and 23 people to enroll in education or training. The team have s1gnrflcant expanded and are working from the space that was previou5ty used a5 the nightshelter. With the easing of strICtl0nS on group a¢tNities. we restarted our Learning and Activrties programme, eSnIng and delivering a range of sessions with the people that use our service5. Sessions included art, movies and usin8 (JiBital technology We continued to deepen partnerships with other organisations in South East London. working closely with- the London Borough of Lewisham, Lewisham Safeguarding Adults Board. Jericho Road Project. Refuge Athena Service. Thames Reach, Bench Outreach, St Mvn80's. Crisis. Proxy Address Pikjt. Housing Justice, SLaM, Mayday Trust, Change Grow Live. CAB, Clean Slate, Africa Advococy, VOLT. Community Connertions. Vietnarnese Outreach Service, London Street Rescue, Fareshare, Lewisham Migrant Network. Lewisham Law Centre. Goldsmi(hs Universtty. Brett Grellier P5ychologbcal SeThice5 and the Albany Theatre. Volunteers Our work is supported by a team of 52 dedicated volunteers with backgrounds as diverse as the local population. Many of our volunteers have either used our service in the past or have experienced homelessness. They help to make our services feel safe and welcoming by greeting people that use our services and ensuring that they find the support that they need. We a very grateful to our volunteers and thankful for their amazing contributions. Fundrai5in8 999 Club is so grateful to all of the organisations and indTviduals that support our work. We are fortunate to work in and with such a generous community. Their donations make our work possible. We are grateful to Lewisham Council. City 8ridge Trust. The National Lottery Community Fund, The Linbury Trust, The Pt Fourbdation, Garfield Weston Foundation and Balcombe Charttable Trust for their support and we would also like to thank the many other trusts. wrthout whose SUPlM)rt we would not have been able to provide such a full package of services. We are gfateful to Co-op. Panas Gurkha restaurant. HMJV and all the other companies that support our work through both donations and volunteering. The 999 Club undertakes fundraising artivtty through its supporters via fundraising events. individual giving including appeal letters. email and telephone. We do not have face to face lor door to door) fundraising activriies. In addition. funds are raised frorn trusts and foundat¢ons and corporate partnerships. The 999 Club is a member of the Fundroising Regulator and adheres to its Code of Fundraisin8 Practice and its a550ciated rulebooks for fundraising activrties. The 999 Club is compliant with the General Data ProtectM)n Regulation and onty cont8¢ts prospective and existing supporters in line with tts Prtvacy Polity and Data Protection Statement. The 999 Club recogni5es the importance of protertin8 oijr vulnerable 5UPPOrters and follows the gutdan¢e issued by the Institute of Fundraising and the Fundraising Regulator on treating donors fairly. Page 6
The 999 Club and Lady Florence Trust Trusted report For the year ended 31 August 2021 CLUB The 999 Club supports its staff and fundraisers who come into contact with supporters in pmviding high quality customer care, ensuring anyone donating to the charity is in a posrtion to make a free and bnformed decision. The 999 Club welcomes fÈÈdback on its fundraising artivitie5 and has a complainl policy which outlines how the charity will reart should a complaint be recev4ed regarding its fvndraising methods. The 999 Club received no complaints during the year. Finaniial review A significant source of funding has been the Lady Florente Institute which made donalions of £117,9)2 during the year in support of the work of the 999 Club. Other financial assistance was given by charitable trusts, corporate supporters and prNate donors. The results for the year are shown on page 14. There was deficit for the year of £132.941 (surplus in 2020: £612.8321. When the deficit is taken from the funds brought forward of £3.757.023 this leaves a figure of £3.624.082 fortotal funds carried fonvard at 31 August 2021. Reserves policv It is the trustees. desire to maintain unrestri¢ted funds, being the free reserves of the charity, at a level which equates to three io nine 3-9 months of expenditure on our core services lequivalent to £112,108 to £336,322) plus a sinking fund of £75.CW to cover the costs of maintaining our properties. At thrs level (£187,108 to £411,322) the trustees feel comfortable that they can continue the current activities of the charity in the event of a significant drop in funding. The unstriCted reserves of the charity at 31 August 2021, after removing designaied funds, amount to £246,124 {2020- £237,167). During 2020 the Trustees created two designated funds.. £l(K),(N)O towards future major maintenance and £515,OCiI towards the fvture redevelopment of the Lady Floreno Hall. Post year end the trustees have reviewed the designated funds and have amended the amount and purpose of these funds. Going fonmard there will be two designated funds= £fA).(*)) to be spent on ihe moderni5ation of 999 Club's seNices including administration. fundraising and operation5 and £4,(} towards a fund for the redevelopment the Lady Florence Hall and associated dwellings on the site. The Trustees have designated the value of the property held in unrestricted funds into a separate fund to ensure that the free reserves available for the day to day running of the charity are easity identifiable. Rlsk management The principle risks facing the charity are.. A lack of capacity to deliver required aims and objectives of service delivery. management and goverftance or invest time and reSoUrS into long temi strategic development and sustainability. 999 Club relies on a small staff team and volunteers to deliver our services. COVID19 increases the chances that staff will be unable to work due to sickness or caring respon5ibilrties. Failure to provide premises fit for purpose. ExtensNe health and safety work has now been completed at 21 Deprford Broadway but a number of minor maintenance issues remain unresolved Fallure by charity to attract or gain new income. The pandernic has both presented new service opportunities and forced statutory agencies to redeSn current servKes. Page 7
The 999 Club and Lady Florence Trurt Trnstee< report For the year ended 31 AUt 2021 CLUB Over the next year we plan to take the follow actions to mrtigate these risks: Recruit additional stsff and volunteers and make use of agenoi staff Undertake a suNey of 21 Deptford Broadway and resolve all outstanding maintenance issues Deliver a fundraising strategy to develop sustainable income from diverse revenue streams Future plans We do not know what the ongoing impact of covid will be on our services and the people that use them. We can expect to see dramatic changes in the scale and nature of homelessness during 202ty22. not least due to the end of transitional arrangements related to Brexit and the likely end of covid related emergency support measUs. We plan to bring ai*)ut changes to our seryices. fundraising and administrative services to ensure the ongoing sustainability of 999 Club. specrf1ca1. we will: Creating welcomin8 5ervi¢es the tools to help thernselves to escape hoMe55nes5 We will.. -work with people with experience of homelessness to rmprove our servKes including making our services more attractive to women and people with no recourse lo public funds -Fornialise our partnerships with charities and statutory agencies working to end homelessness in Lewi5ham by Signing agreements with key local organi5ations -create a more ambitjOL15 models for how we will respond to interruption5 in our business Build a sustainable bvsiness model where our income matches our expenditure. We will.. -Put in place a programme to re¢rurt and retain indNKlual donors. thanking people for supporting us and ensuring that people who wish to contribute find it easy and Compelling to do so -Reduce the cost of our governance and administrative seThices by introducing new. more efficient processes Launchin8 an ambitious 3-year strategy to mark the 30th anniversary of our founding. We will-. -undertake 3 review of our governance including considering bringing 999 Club and LFI together -Agree a vision for our property that aligns with our overall approach, including choosing a viable model for developing the site and partners to secure planning permissK)n -Hold a strategy away day for staff and trnstees to set l)oth a stretching viSn and how we will use our resources io achieve our mission Trnstees, responsibilities The trustees (who are also directors of the 999 aub and Lady Florence Trust for the purposes of company lawl are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting practi1. Company law requi$ the tru5tee5 to prepare financial statements for each finaricial year which give a true and fair view of the state of affairs of the charitable company and of the incoming Tesources and application of resources, including the income and expenditure, of the charitable company for that period. PaBe 8
The 999 aub and Lady Fltyence Trt Trustees, report For the year ended 31 August 2021 In preparing these financial staternents. the trustees are required to: select suitable accounting policies and then appty them consistentlv- obseNe 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, subjed to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with asonable accuracv at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2tK16. They are aLso resnsIble for safeguarding the assets of the charitable company and hence for taking reasonable steps for the preVentn and detection of fraud and other irregularities. In $0 far as the trustees are aware: there 15 n(J relevant audit information of which the charitable cornpan<s auditor is unaware.. the trvstees have taken all steps thai ought to have been taken to make themselves aware of any relevant audit infomiation and to establish that the auditor is aware of that information. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charrtable company's websste. Legislation in the Untted Kingdom governing the preparation and di55emination of financial statements may drffer from legislation in other jurisdictions. The Trustees have taken advantage of the small ¢ompanies' regime in preparing the Trustees Annual Report. By order of the trustees Gordon Mccullough Chair of Trusiees 7 February 2022 P4ge 9
The 999 Club and Lady Floren Trust Independent audit¢fS' weport to the members For the ye¥ ended 31 August 2021 CLU Opinion We have audited the financial statements of The 999 aub and Lady Florence Trust for the year ended 31 August 2021 which comprise the consolidated statement of financial actNities. the group and charity balance sheets. the consolidated cash flow statement 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in ihe UK and Republic ol Ireland Iunited Kingdom Generally Accepted Accountin8 PractKe}- In our opinion the financial statements= give a twe and fair view of the stste of the affair5 of the group and ihe parent charitable companv as at 31 August 2021 and of the group's incoming resources and application of resources. including its income and expenditure. for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and have been prepared irt accordance with the requirement5 of the Companies Act 2Tr)6. Basis for opin1* We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statemen15 in the UK, Including the FRCS Ethical Standard, and we hove fulfilled our otITer ethical responsibilitres in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriaie to provwje a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the tnjstees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied. we have noi entrf1ed any maierial uncertaintie5 relating to event5 or conditions that, individually or collectively. may tast significant doubt on the group or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees wrth respect to going concem are described in the relevant sections of this report. Other infomiation The tn15tees are responsible for the other infonnation. The other information comprises the information included in the annual report, other than the financial statements and our aLJditorfs report thereon. Our opinion on the financial statemenis does not cover the other information and, e¥cept to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Page 10
The 999 Club and ia¢ty Florence Tnt Independent auditors. report to the member5 {continuedl Forthe year ended 31 August 2021 CLUB Our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistent wilh the financial statements or our knowledge obtained in the course of the audit or otherwise appear5 to be materially misstated. If we identrfy such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statement5 themselves. If. based on the work we have perforrned, we conclude that there is a material misstatement of this other information- we are required to rew)rt that fart. We have nothing to report in this regard. Olher matters prescribed by the Companies Art 21 In our opinion. based on the work undertaken in the course of the audit-. the information given in the Trustees. Annual Report which includes the Directors. Report for the financial year for which the financial statements are prepad is consistent with the financial statements. and the Trustees. Annual Rewrt which includes the Directors. Report has been prepared in accordance with applicable legal requirements. Matters on which we are requ•red to report by ex¢emTh In the light of the knowledge and understanding of the group and the parent charitable company and theii environment obtained in the course of the audit. we have not identified material mÉsstatements in the Trustees. Annual Report. We have nothing to report in respect of the following matters where the Companies Act 2C#)6 require us to report to you if, in our opinion.. adequate accounting records have not been kept by the parent charitable cornpany, or returns adequate for our audit have not been received from branches not V151ted by us- or the parent charitable company financial 5taternents •re not in agreement with the accounting records and returns- or certain disclosure5 of tru5tees' remUneratn Specif by law are not made- or we have not received all the inforrnation and explanatb)ns we require for our audit. ,'or the trustees were not entitled to prepare the financial statements in a¢¢ordance with the small companies regime and to take advantage of the srnall companies exemption in preparing the Trustees, Annual Report and the Strategic Report. Responsibilities of trustee5 As explained more fully in the Statement of Trustees, Responsibilit set out on page 8, the trustees Iwho re also the directors of the parent charitable Company for the purposes of company lawl 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 the financial statements that are free from material rnisstatement. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the group and the parent charitable company's ability to continue as a going concern. disclosin& as applicable. rnatters related to going Concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operatK)ns. or have no alistiC alternative but to do so. Page 11
The 999 Club and Lady Florence Trust Independent auditors. report to the members (continued) For ihe year ended 31 August 2021 cw Auditorfs responsibililies lor the •wlit of the financial Statements We have been appointed as auditors under the Companie5 Act 2006 and report in accordance with regulations made under that Act. Our objectives areto obtain reasonable assurance abcmrt whetherthe groupand parent financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a hTrgh level of assurance. but is not a guarantee that an audit conducted in accordance wrth ISAS {UKI will always dete¢t a rnaterial misstatement when it exists. Misstatements can arise from fraud or error and are tonsidered material if, indrvidually or in the aggregate, they could aSOnablY 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 irregularitie5. induding fraud are detailed below. Identifying and asses5in8 risks related to irregularitie5.' We a5se5sed the susceptibility of the group and parent charilable compan15 financial Statements to material misstatement and how fraud might occur, including through discussions with the trustees, discu55ion5 Wlthin our audit team planning meetin8, updating our ffecord of inlemal controls and ensurin8 these controls operated as irbtended. We evaluated possible incentive5 and opportunities for fraudulent manipulation of the financial siatements. We idenirfied laws and regulations that are of significance in the context of the group and parent Charitab company by discussTrons wrth tnJstees 8nd updating our nderstanding of the sector in which the group and pant charrtable company operate. Laws and regulations of direct signffican in the context of the group and parent charitable company include The Companies Act 2CK16 and guidance issued by the Charity Commission for England and Wales. Audit response to risks identrfied.. We considered the extent of compliance wlth these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the parent charitable compan$ records of breaches of law5 and regulations, minutes of meetings and correspondence with relevant authorrties to identfy potential material rnisstatement5 arising. We discussed the parent charitable compan$ policies and procedures for wmpliance with laws and regulations with member5 of management reswnsible for compliance. During the planning meetin8 Wlth the audit team. the èn8a8ement partner drew attention to the key areas which might invofve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non.ccHnpliance wrth laws and regulation5 or knowledge of any artval, suspected or alleged fraud. We addressed the risk of fraud through manJ8ement override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management'bias. At the completion stage of the audit. the engagement partnerfs review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud. Paee 12
The 999 aub al Lady Florence Trust Independent auditor5. report to the members {continuedl For the year ended 31 August 2021 CLi There are inherent limitations in the audit procedures described above and the further removed non- compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material mlsstatement due to fraud is higher than the risk of not detecting one resutting from error. as fraud may involve deliberate concealment by. for example. forgery or intentional misrepresentations. or through collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at.. www.frc.or auditorsres nsibilities. This description fomis part of our auditorfs report. Use of our report This report is made solely to the parent charitable compan5 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 parent charitable companvs members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other thèn the parent charr¢able company and the parent charitable company's members as a body. for our audit work. for this report, Of for the opiniorhs we have formed. Cara Turtington {Senior Statutory Auditor) For and on behalf of Saffery Champness LLP Chartered Accountants statutory Auditors 71 Queen VKtoria Street London EC4V 4BE 15 February 2022 Saffery Champness LLP is eligible to act as an auditor in terms of sertion 1212 of the Companies Act 2006 P•8e 13
The 999 Club arml Lady Florence Trust Consolidated statement ol financial arfle$ (IKorwrnting on inCow•ndexdire occount) For the year ended 31 August 2021 CLUB Unre5trirted funds Reslrirted lunds Total 2021 Total 2020 Incomt from: Donations. grants and fundrai5ed income 318.529 413.324 731.853 1.416,964 Other trading acttvities-. Rerstal income 258.158 265,607 Total income 576.687 413.324 990.011 1,682.571 Expenditure on Raising fvnds 714 151,382 117.585 Charitable auivities . 407.827 563,743 971,570 952.163 Total expenditi*e 558.495 564,457 1,122,952 1.069.748 Net incornellexpenditure) for the year 18,192 11511331 1132,9411 612.823 Transfers beeen funds 12 192351 9.235 Net in¢ome/lexpenditure) for the year 8.957 I141) IW9411 612.823 Balances brought forward at 31 Au8llSt 2020 2.335.248 1.421,715 3,757,023 3.144.2 8alances carried foNard at 31 August 2021 11112 1344.205 1.279.877 3.624.082 3.757.023 All of the above results are derived from continuing operations and include all Eains and 105se5 recognised tn the period. The notes on page5 17 to 31 form part of these finanoal 5tstements. Page 14
The 999 Club and Lady Florence Trust Balance Sheets As at 31 August 2021 CLUB Gffo Charity 2021 2020 2021 2020 Notes Fixed assets Tan8ible fixed a55ets 1723.693 1720,621 81,609 77,287 Current assets Debtors Cash at bank and in hand 945 925857 16L354 L037.4E4J 119.CV32 838.513 167,094 941,751 1.02Q447 L198A14 957.605 1.108.845 Crediiors- amounts lalllng dué within one year 11614121 1108.1521 1148.5241 Net current assets L036.402 849.453 %0.321 Total assèts less Curre liabililie5 3.624.(42 3.757.023 93L(62 1.037,608 Net assets 3.624. 3,757.023 931.062 1,037,608 Fund5 Unrestricted funds General funds Designated funds 246,124 2.(88.1181 2.313.205 237.167 176.438 615,000 729.438 161,086 615.000 776.086 li 2.335.248 Restricted I.27977 L42L775 139.624 261.522 3.624.(B2 3.757.023 931.062 1.037,608 The notes on pages 17 to 31 frmm part of these finan¢ial statements. A separate Statement of Finanoal Activities forthe tharity ak)ne 15 not produced as permitted by Section 408 of the Companies Art 2006. The Charivs net movement in funds for the year was a deficit of £105,54612020.' surplus of £583,0481. Approved by the Board ofTrustees on 7 February 2022 and signed on its behalf by Gordon Mccullough Chair Company Number 4238295 {En8land &Wafesl Pale 15
The 999 Club and Lady Florence Trurt Consolidated cash low ststement For the year ended 31 August 2021 CLUB 2021 2020 Note Nel $h provided by operating arti¥itie5 171.0591 648,107 Cash from investing actNil•es: Purchase of tan8ible fixed assets Net cash ptovided by/lused in) investin8 activities 140,5451 140,5451 118,5621 118,5621 movemert in Cash and cash equivalents 1111.603) 629,545 Cash and cash equivalents at the beginning of the reporting period Cash and cash eqwialents at the end of the reporting period 1.037.460 409,915 16 925.857 1.037.460 The note5 pages 17 to 31 form part of these finanual statements. Pa8e 16
The 999 Club and Lady Floren¢e Trust Notes to the financial statèments For the year ended 31 August 2021 CLi A¢countini po*cie5 Basis of preparation The account5 have been prepared under the historical c05t convention with items reco8nised at tost or transaction valtte unless otherwise 5t3ted in the relevant notes to these at¢tyJnt5. The atcounts have been prepared in accordance with thecompanies Act 2{6. the'statementof Recomrnended Pracrice.. Actountin8 and Reporting by Charities preparing their accounts in accordance with the Financial Reportine Standard applicable in the UK ènd Republic of Ireland IFRS 1021 (Second Edition). the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. The accounts are prepared in sterlin& which is the funCtnal currency of the Charity. Monetary amounts in these financial statements are rounded to the neat £. The Charity constitutes a public benefit entity as defined by FRS 102. Goin¢ con¢erTr The governmenfs derisions to ease. then tighien and then ease restrictions relating to the Covid-19 virus had an impact on the day to day attivities of the charity as the buildin8 opened in aufumn 2020. closed in Winter 2020121 and reponed in Sprine 2021. The charity has ¢reated a new business model to ensure that expenditure matthes revenue from rents and major funders. AS 3 result of these measures. at the time of approvin8 the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existeThte for the foreseeable future. Thus the trustee5 continue to adopt the gnE tontern basis of aeeounting in preparing the financial statements. Consolidated financial statements The Charity has consolidated its wholly owned Subd1aryThe Lady Florence Institute in accordance with the Statement of Recommended Practice -Accounting and Reporting by Charities,. A separate statement of Financial Activities. or income and expenditure account. for the Charity itself 15 not presented bècause the Charity has taken advantage of the exemptions afforded by the Companies Att 2CKJ6. L4 Company 5tatU5 The charity t5 a company limited by guarantee. The rnembers of the company are the trustees named in the fin?ncral statements. In tlte event of the charity being wound vp. the liability in respect of the guar3ntee 15 lirnited to £1 per member of the Charity. Donatiorn and leBa¢ies All donation income is included in the Statement of Financial AtD"vilies in the year in which it is received unles5 it IS festricted income and hès been reteived speofically in respect of e¥penditure to be incurred in a future accountinB period in which case it 15 deferred. Expenditure All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. whe costs cannot be direttly allocated to particular headings they have been alloiated to activitie5 on a ba515 tonsi5tent with use of the resources. Salary costs have been allDCated on basis of time spent. Page 17
The 999 Club aftd Lady FlorenceTrust Notes to the financial statements For the year ended 31 August 2021 CLUb Fundraising costs All expenses relatin8 to fundraisin8 and publitity are tharged to this heading. ij Govern3ncÈ tos These costs relate to the governance of the organi5ation. They include expenses of trustees, meetings. and audit fee5. L9 Tangiblè fimed assets and depr*ciatitin Freehold buildiNgs are depreciated at 1% per annurn. Oeptford extensiort tosts are depreciated over 10 years. Other capitali5ed refurbishment tosts arè depreciated over the len8th of the lease. Furniture, equipment and minibuse5 are depreuated over 5 to 7 years. There is a t3wtalisation limit of £5(K). below which assets are not ¢apbtslised. i.io Funds Restricted funds.. These balances repfesent ¥duntary income or 8rants whith have been received for the purposes set out in Note 12. The apICatIon of these fvnds is reStrted by the expSSed wishes of the tlonor or the terms of the grant. LJThrestricted funds.. These balantes represent funds ihat can be used for any of the charivs purposes. Desi8nated funds.. These represent ihe unrestricted elements of the charities. freehold property i.ii Pension Scherne The charity has afraed a defined contribution pension scheme for members of staff. The assets of this scherne are held separately from those of the charity. being irwested with an insurance company. Pension costs charged in the Statemer)t of Financial Activities represent the contributions payable by the charity in the year_ 1.12 Flnancbl Instruments The Charity only has financial assets and finanaal liabilities of a kind that qualify as basit finèncial Tnstruments. Basbc finanoal instruments are initially re¢ognised at transaction value and subsequently measured at theif settlement value with the exception of bank loans whith ère subsequently measured at amortised cost the effertive interest method_ The Charity has selected to apply the provisions of Section Il'Basic Financial Instruments. and Sectyort 12'0ther Financial Instruments Issues. of FRS 102 to all of its finanoal instruments. 1.13 Critical accounting judiements and key sources of estMnatiDn uncertainty In the application of the Charity's accounting policies. the trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilitie5 that are not readily apparent from other source5. The estimates and assoaated assumptions are based on historical experience and other factors that are tonsidered to be relevant. Actual results may differfrom these estimates. The estimates and underlying a55umptions are reviewed on 3n ongoing basis. Revi%ons to accounting estirnates afe retognised in the period in which the estimate is revised where the revision affects only that period. or in the period ol the re¥lon and luture periods where the revision affects both current and future periods. The key estimates concem the u5elul et0mle lifè offixed assets and the recoverability of debt. Pa8e 18
The 999 Club and lady FlorenceTrust Notes to the financial statements For the year ended 31 August 2021 CLUB Exptfidfture on raISi funds 2021 Unrestrided Restricted nds fund5 2021 Total ds X120 Total funds Staff costs Direct costs Centre costs Supporr costs 140.451 140.451 4.119 4,506 2.306 95.866 12.267 7.402 714 714 151.382 117.58S In 2020 all expenditure on raisin8 fund5 was unresthcted. Charitable artibities 2021 Totsl lunds 2020 Total funds Unrexricted funds Restricted fund5 Staff costs Centre costs Depreciation Projett costs Miscellaneous Costs Support costs Govemance costs Isee note41 145.387 106.302 17.473 2L 21476 69.371 330.C97 8S.S65 20.CMX) 103.437 20.039 475.484 210.782 37,473 124,516 42.SlS 73.976 25.738 512,249 215.296 37.948 51.361 40.910 78.709 15.690 407.827 563.743 971.570 9S2.163 Support C05t5 include general managefnent and office tosts whTrch cannot be directly attributed to a cost category. Where 5UPPOrt cost5 are funded by a restricted fvnd. the costs are allocated direttly against that fund. Unrestricted ds Restricted lund5 Total 2020 Staff costs Centre costs Depreciation Project Costs Miscellaneous costs Support costs Governan costslsee note 41 85.f%2 140.633 8.731 1.536 39.(7 58,780 427.187 74,663 29.217 49.825 L843 19.929 512,249 215.296 37.948 51.361 40.910 78.709 15,690 349.499 602.664 952.163 Pa82 19
The 999 aub and Lady Florence Trust Notes to the financial statements For the year ended 31 August 2021 CLLB Governan¢e costs 2021 Totsl fund5 2020 Total funds Unrestrlrted funds fvnds Bank char8es Legal and prole5sional fees Audit and auountancy fees 3,147 3,147 1,230 2.220 12.240 225 22.590 25.737 25.737 15.690 Sttff costs 2021 Wages and salaries Employers National Insuran Pension costs Redundancy c0515 Reuuitrnent costs 476.886 43.240 8.501 7.002 80.307 512,062 44.981 9.3S4 42.718 615.936 609.115 No trustees were reimbursed for expenses12020.' nill. No trustees rKei¥ed any remuneratyon in eitheryear. In 2021 donations received from trustees totslled £31XI12020.. £nill. No member of staff was paid more than £60.CW in either year. The aggregate amount paid to key management personnel in the yearwas £202,02412020-. £192.9241. The avera8e numberof staff employed by the tharities in the year ended 31Au8USt 2021 was 16 12020: 181. ring theyear redundancy payments totalling £7.002 We paid io f(wr employees12020.. n6J). Net incomellexpefiditurel Net incornellexpenditurel for the year is stated after charging- 2021 Auditors remunetation- current year audit fee Audits rernuneration- prior year under accrual Auditors remuTheration -accountancy lee Auditors rernuneration- other services Depreciation 5.925 1.980 2.750 5,2CKI 37.473 2.SCKI 3.815 37.948 Pay 20
The 999 Club and Lady Florence Tn15t Note5 to the financial statements For the year ended 31 August 2021 CLLB Flxed 355ets Fmhold RÈlwbtshme•rt land and of tÈntr•S building5 Furniture and equiprnent Total Group Cost As at 31 August 2020 Additi5 Disposals 3.CW.fJ)) 18.7X) 322.724 18.750 88.176 3,045 3,410.900 40,455 As at 31 Avgust 2021 3.018.7X) 341.474 91,221 3.451.445 Depreciation As at 31 August 2020 Charge for year 356.666 974 286,598 20,LKXI 47,015 7,599 690,279 37,473 As èt 31 August 2021 306.598 54,614 727,752 Net book ¥•lue As at 31 August 2021 2.652,210 34.876 36.607 2.723,693 As at 31 Au8USt 2020 2.643.334 36.126 41.161 2.720.621 Included in freehold land and buildings 15 £1.CiKI.(ts) relating to land which 15 not depreciated. The freehold land and buildin85 were valued on 31 Decer 22 by Martin DeVar83 Chartered Surveyors 35 they were brou8ht into use for the first time. The Trustees do not have a poliLy of revaluing the buildirw in the financial statements. The historic cost of land and buildings is £2.239.258. Page 21
The 999 Club and Lady Floren¢e Trt Notes to the financial statements For the year ended 31 August 2021 CLU8 FIMed assets Icontinuedl Refurbislwnenr of centres Fwniture Total Charity equlpment Cost As at 31 August 2020 Additions 322.724 18.750 88.176 3.045 410.gxj 21.795 As at 31 August 2021 341.474 91.221 432.695 Oepreciation As at 31 August 2020 Charge for year 286,598 9,874 47.015 7.599 333.613 17.473 As at 31 August 2021 296.472 54.614 351.086 Net book value A5 at 31 August 2021 45.1x12 36.607 81.609 As at 31 Au8ust 2020 36.126 41,161 77,287 Debtors Gr¢>up Charity 2021 2020 20ZO Trade debtors Prepayments and accrued incorne Other debtors Owed by Lady Fk*ren¢e Institute 25.320 69270 9S.123 55.961 10.270 62,926 55,961 69,270 49,822 48.207 945 161.354 119,092 167.094 Crtdiiors: Amounts falllne due within one year Group Charity 2021 2020 2020 Trade Cfeditors Accruals and deferred inc¢)me Tax and Social Security Other ¢dItorS 66.783 30.749 20.576 L99J 55.520 27.028 44.823 35.041 53.870 14,790 44.823 35.041 19,264 20.576 1,950 120.058 162.412 108,152 148,524 Page 22
The 999 Club and Lady Florence Trt Notes to the financial statements For the year ended 31 August 2021 CLUB Anafysis of n*tassets between funds Group 2021 Total ilnreslricknl Oeslgnated Restrided Tan8ible fixed assets Net current assets 55.357 19).767 1.483.081 615.CiKI 1.185,255 94.622 2.723,693 900.389 Net assets 246.124 2.098.(ffj1 1.279.877 3.624.1)82 Grow> 2020 Toial DeInated Restrirted Tangible fixed assets Net current assets 41.161 196.C 1.483.ll 615.oc 1.196.379 225.396 2.720.621 1.036.402 Net a55ets 237.167 2.098,081 1.421,775 3.7S7.023 tharity 2021 Total Unreslri¢ted (lesicnated Restrirted Tangible fixed assets Net cu¥rent assets 36.1 139,832 45,W2 94,622 81,609 849,453 615,(KQ Net assets 176.438 615.LIXI 139.624 931.062 Charity 2020 Total Unrestricted Tangible fixed assets Net current assets 41.161 119.925 36,126 225,396 77.287 960,321 615,CO) Net assets 161.Cfj6 615.ClJO 261.522 1.037.608 Pa8e 23
The 999 Club and Lady FlOnCe Trust Notes to the financial stotements For the year ended 31 August 2021 CLL Vnrestricted funds Mgvemtnt in resourt Incoming Outgolng Grows 8alan¢e I Semember 2020 Transfer5 Balance 31 August 2021 fund5 General fund 237.167 596.S97 1558.4951 (9.2351 246,124 Oesignated fund5 Lady Florence Flat Refurbishment fund Lady Florence Hall Relurbishment fund Property fund i(x).(n) 100.ojo 515.OX) 1.483.081 L483,(Bl 2.LVJ8,IAI 2,098,081 Totsl unrestrlcted 2.335.248 596597 15n,4051 192351 2.344.205 The desigr¥ated property fvnd is the value of the freehold property. excluding redevelopment tosts, owned by The Lady Florence Institute. the value of which is included within Tangible Fixed A55et5. This asset is used bythe group ort an on-going basis for ihe charitable activitie5 carried oul. The irustees treated two designated reserves duri the previous year. £IOO.LMJO t¢)wards future major rnaintenance i55ue5 for the 24 LFI rented dwellinÉs. and £515.IXfJ toward5 a fund for the rEdeveloprnent the Lady Florence Hall and associated dwellin8s on the site. Mowement in reso¥fces Incomini Outgoing Group Balance I Septernber 2019 Transfers between lunds Balance 31 August 2020 General fund 320.036 934.028 1467.wl 1549.8131 237.167 De{nated lunds Lady Florence Flat Refurbishment fund Lady Florence Hall Refurbishment fLtnd Property lund I.{ i(1J.c0 515.(ts) 515.C¢JO 1.483,081" 1.483.081 1.483.081 615.C 2,098.081 Total unrertricted 1.803.117 934.028 65,187 2,335,248 24
The 999 Club and Lady FlorenceTrust Notes to the financial statements For the year ended 31 August 2021 ii. Unrestricted fvnds {tontynuedl Charity 8alance I September Incomir* Oulloi Transfers between funds Balance 31 August 2021 Genernl lund 16L(W6 46L580 1473331 19.2351 176.438 Desi¢nated fvnds Lady Florence Flat Refurbishment fijnd Lady Florence Hall Refurbishmeni fund IOD,OCO 515.ClXI 615,C( 515,OCK) 615,OC Total unrestricted funds 776.086 461.$80 147.9)31 140.2351 791.438 Movemerf In resources Incomin8 Outgoing Charity Balance I Seoember 2019 Transfers Balance 31 Au$ust 2020 lunds Gèneral fund 303.748 796.679 1389.5281 1549.8131 161. Designattd funds Lady Florence Flat Refurbishment fund Lady Florence Hall Refurbishment fund 100.( ioo.c#)o 515.(KW) 615.oc 515.C¢)O 615.1))O Total unrestrkned funds 303,748 796.679 13895281 65.187 776.086 P4e 25
The 999 aub and Lady Florence Trust Notes to the financial statemen For the year ended 31 Aug*t 2021 CLUB 12. Resthded funds Movement in resourtes Incoming Outgoi Group 8alanre I Septefflber 2020 Transfers between funds galance 31 August 2021 Welfare fund Winter night shelter- Lewi5ham Personal TraDtion Service Staff costs Capital Projecl 2 SeniorAd¥i Worker Salary Volunteer Coordinator Gateway- Faith Clark Narional Lottery Corona Virus Appeal Grant Upgrade Gateway Employability- Linbury Employability- Pret FC Clarke Laptop Head of Operation5 Lewisham- Coivd London Catalyst 2 Wellbeing City Bridge Advice Worker Community response fund wave 3 Property redevelopment 1.019 11.0191 61419 98.483 1159.S¥)21 4.909 26.472 81.361 33,333 11.1911 131.4721 143.8611 37.051 137,5C¥)I 124.1161 132.8701 47.735 23,619 6.482 36,352 10,948 129.815 1153.8931 113.1301 28.612 10.430 128.6121 19.9151 114,6261 115585) 515 25,374 12,203 27.788 ii. 1S.(D) 936 15.7911 (9%) 112881 12,(lJ)I 9.209 212 45.625 (75351 38.090 1.160.253 I20.0) 1.140.253 Totsl restrtded funds L421.775 413.324 1%4.4571 9.235 1,279,877 Welfare Fund- Fund5 to help individuals in crisis Nursery ¢apiial funding- Building works in Deptford Winter Night shèlter- Providin8 emergency accommodation for vulnerable people Employability Cothinator- Contribution to salary for.Employability servite Personal Transfjtlon Ser¥i¢e- Contribution to salary of Asset Coath staff costs- Contribution to salary of CEO and salary of fundraisin8 officer Equipping sheliers piojerf- Contribution to salary of resetilement worker Enterprise Developmefit- Completion of a feasibility study Capital Projert 2- costs of health and safety works nior Advice Worker-. salary of SeniorAdvice Worker DiEltal Inclusion- upgrade of office equipment Volunteer Ct>Ordinator-salary of Volunteer cOrdInator Gateway Faith Clark- Vp8rade of Gateway Equipment Page26
The 999 Club and Lady Florence Trust Notes to the financial statements For the year ended 31 August 2021 CLUB 12. Re5trirted fvnds Icontinuedl NS Post Covid 19- running costs of guests and services National Lottery- preveniion of homelessness (Community Fundl CVAppeal Giant- contribution costs of office equipment for&Sts Up8rade Gateway- Health and Safety costs. recnjirment of volunteers ond expenses. cleaning seThtces Propert¥ redevelopment- The fund was eSblIshed in respect of the redevelopment of properries owned by The Lady Florence Instilute in DeptfLYd Broadway. The funds are induded in tan8ible fixed assets. Tra1*r$ l)etween funds represenl: Capital Prni•rt 2- Capital expenditure on the trMJikling Senior Athlice Worker-Transfer in of balance incorrecuy moved to unrestricied funds in 2020 Movernent in resources Group Balartè I kpternber 2019 Transfers between lunds Balance 31 August 2010 Wemare lund Mursery Catal fuNlin8 Winier night shelter- Lewi5ham Winter night shelter- other funder5 Efflployability C¢>ordinator Peisenal Transith?n SeNce 630 39.917 ii.iiii 19.2175 1,019 I30.7} 16.286 119.812 1114.1981 21,9 61.259 135.4861 30,773 17.1801 1.571 19.037 11.472 114.1281 125.CWI 4.909 26.472 Staff Costs EguippiN8 Shelter5 Proiert 19.464 120.6901 11201 138.6391 15.2741 Enterprise Devel0eTht Capital PTojen 2 SeniorAdvise Wcrfker Salary. Digital Inclusion Volunteer Coordinaror Gateway- Fath Clark Ili8ht Shelier- Post Co¥id- 19 14allal Lotttry Corona Virus Appeal Grant 120 120.COJ 81.361 89.835 12,S(#J 25.628 131,7171 112,5001 14,2761 11,6341 I58.1} 15,0)O 13x61 36,3S2 129,627 154.987 1120.8811 1144.0391 8.746 10.948 11.8481 28.612 10.430 1.160,253 Vp8rade Gateway Praperty rede1QprnenI 10,43) 1.180.253 T•tal rÈstsirted fvnds 1,341.083 748.543 165.1871 1.421.775 Page 27
The 999 Club and Lady Florence Trt Notes to the financial statements Fer the year ermled 31 August 2021 CLUB 12. ReStrItt knds Icontinuedl Movement In res0*5 Incomin¢ Ouiioin8 Charity Balance 1 September 2020 Transfers between funds Balance 31 Aueust 2021 Welfare fvnd Wintef ni8ht shelter- Lewisham Personal Transition Service Staff costs Capital Projert 2 SeniorAdvise Worker Salary Volunteer Coordinator Gateway- Faith Oark National Lottery Corona Virus Appeal Grant Upgrade Gateway Employability- linbury Employability- Prei FC Clarke Laptop Head of Operations Lewi5ham- Coivd London Catalyst 2 Wellbeing City Brid8e Advice Worker Community response fund wave 3 1.019 11,019} 61,419 98.493 1159.9021 4.909 26,472 81,361 33.333 11.1911 131.4721 143.8611 37,OSI 137.5CQI 124.1161 132.8701 47.735 23,619 6,482 36.3S2 10.948 129,815 1153.8931 113.1301 28.612 10.430 128.6121 P.9151 114,6261 I85} 515 25,374 12.203 27.788 1S.C 936 15.7911 19 IV881 9.209 212 45.625 (75351 38.090 (9W41 Total restrtded fvnds 261552 413,324 1544.4571 9,235 139,624 Pa8e 28
The 999 aub and Lady Florence Trust Notes to the financial statements For the year ended 31 August 2021 CLUB 12. Rtstrirttd fund5 Icontinutdl Movement in Tesowces Incorni Outyol Charity 8alancÈ J September 2019 Transfèrs Balante 31 Augu51 2020 funds Welfare fund Nursery capital funding Winter night shelter- Lewisharn WiThter night shelter- other funders Employability Co-ordinator Personal Transilion seiCe Staff costs EqiJippin£ Shelters Projert EnterpTise Development Capital Project 2 Senior Advise Worker Salary Digital Inclusion Volunteer Coordinator Gateway- Faith Clark Night Shelter- Post Covid-19 National Lottery Corona Virtss Appeal Grant Upgrade Gateway 630 39.917 1.5 I30.7) ii.iiii 19.2171 1.019 16.286 119.812 1114.1981 21.900 61.259 20.CiKI 135.4861 30.773 17.1801 1.571 19.037 IL472 114.1281 125.IK)01 4.909 26,472 19,464 120.6901 11201 138.6391 15,2741 120.(LX) 81.361 89,835 12.5(Kl 25.628 131.7171 112.5001 14.2761 11.6341 158,1181 IS.0 13.3661 36.352 129.627 154.987 1120.8811 1144.0391 8.746 10.948 11.8481 28.612 10.430 10.430 Total restrthd funds 160.830 748,543 IS664) 165.187) 261.522 13. Commitmtnts The 999 aub and Lady FlorenceTrust had a no capital commitments of as at 31 August 202112020.. £Nill. Page 29
The 999 Club and Lady Florence Tntst Notes to the financial statements For the year ended 31 August 2021 CLUB 14. Related partytransactions The999 Club and LadyFlorenceTrust hastransactions with itswholtycontrolled 5ubsidiary.the Lady Florence Institute. which have been eliminated on consolidati. These tran5action5 arè a5 follow The 999 aub and Lady FlorenttTrust received income fromThe Lady Florence Institute as follows- C)nations to the 999 Club of £11?.2(2020: £I12.¢X1. The 999 Club and Lady Flortnte Trust tharged £30.(D)12020.. £14.2311 to The Lady Florente Institute in relation to staff retharge. In 2020 the 999 Club reimbursed The Lady Florence Institute £12.866 in relation to property maintenance paid for byThe Lady Flwente Institute. In 2021 no such transaction took place. At 31 August 2021 there was E49.82212020.. E48.2071 owed by the Lady FlOnCe Institute to the 999 Cltjb and Lady Florence Trust. No guarantees have been given or received. Renliation of net in¢omel{e¥pendTrtyrel to net cath Ilowfrom Oper1 a¢tl¥ltles 2021 2020 Net lexpenditurellincome for the reporting period las perthe ststefflent of financial a¢ti¥itwl 1132.9411 612.823 Adjustment5 for.. Depreciation charges Decrease/lincreasel in debtor5 IDecrea5ellincrease in creditor5 37.473 66.764 142.3541 37,948 166.0271 63,363 Net cash (used Inll pr4>vfjded by operatlneactl¥ltits I7159) 648.107 16. Analysis of cash and equivalents 2021 2020 Cash in hand 925.857 1.037.460 Total ¢a$h wd ¢ash èquivalents 91557 1.037.460 Page 30
The 999 Club and Lady Florence Trust Notes to the financial statements For the year ended 31 August 2021 CLUB 17. Comparative tnformation Restrtrtd funds Total 2020 lunds Income from: Donations and gifts 66B.421 748.543 L416.964 Other tradine actrthties.. Rental incrne 265.607 265.607 Totsr incorne 934,028 748.543 1.682,571 Expenditurè on Raising fvnds 117.585 117.585 Charitable actNities 349.499 602,664 952.163 Total eJ¢penditure 467.084 602,664 I,C69.748 Net {expendiiurell•ncome forthe year I4579 612,823 Transfers beeen fvnds 65.187 165.1871 Net in¢omelltxpenditurel for the year 532.131 80.692 612,823 Balance brought lon¥ard i Septefflber 2019 Balance carried lonmard 31 AUKUM 2020 1.803.117 2.335.248 1.341.083 1,421.775 3.144.2O) 3.757.023 pa 31