REG15tERED COMPANY NUMBER: 043528n IEn8land and Wale51 REGISTERED CHARITY Nfr. 1101165 REPORT OFTHETRUSTEES AND RNANCIALSTATEMENTS FOR THE YÉAR ENDED 31 MARCH 2021 FOR FAITH Ihl AcfioN MERTON HOMELESSNESS PROJECT [riichleysAudlt ILP artered Accountants Be3¥èr House 2>38 Hythè Brid8È5treet
FAITH IN AlON MERTON HOMELESSNESS PROJEcr coHrENTS OFTHE FINANCIALSTATEMEPUS FOR THE YEAR ENDED 31 MARCH 2021 Page Report of the Trustee5 Ito5 Independent Examlnerf5 Report Statement of FlnaTrclal Artivitles Balance Sheet 8t09 Note5 to the Flnan¢lal St#tem¢nts IOto13 Detailed Stoternent of Finan¢lal Athivltles 14to15
FAITH IN AcfioN MERTON HOMELESSNESS PROJECT REPORT OFTHE TRusfEES FOR THE YEAR ENDED 31 MARCH 2021 Thetftee$. who are also directors of the charitylorthe purposes of the Companies Att ZQ06. presenttheir rEPUrtW5th the financlal statements of the chari(v forthe year ended 31 March 2020. The Trustees have adopted the provisions of the Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charities, effective l January 2017. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 04352872 IEngland and Wales) Re8lstued Charfty number 1101165 Registered offi 30-32 Worple Road Wlrnbledon London SW19 4EF Trustee5 las at 31 March 20211 Mrs J Freedman Mr O Reeve5 Mrs P M SOuthte Ms R Stockman Mrj H fippett-cooper Capt A Wlcks Dr D Wllllams Mrw G Willi8ms Company Secretary MI S Codrlngton Independent eJramlnÈr Katherine Wilke5 FCA Critchley5 Audit LLP Beaver House 23-38 Hythe Brld8e street OxfuTd OXI 2EP Bankers HSBC Bank PLC 46The BrDadway Eallng London W5 5JZ CAF Bank Llmlted 25 Klnes Hill Avenue KI$ Hill West Malllng Kent MU94JQ
FAITH IN ACTION MEfft)N HOMELESSNÉSS PROJECT REPORT OFTHE TRUStEES FOR THE YEAR ENDED 31 MARCH 2021 srRucfuRI GOVERNeAhID MANAGEMENT Governlng document The chartty 15 constituted as a cotnpany limited by guarantee. It 15 BovÈrned by tt5 Memorandum and Articles of Association, first adopted on incorporation on 14 January 2002, amended on 10 December 2003, further amended by two Special Resolutlons pa55ed on 29 April 2008, then further amended by a Speclal Resolutlon passed on 11 December 2014 and then further amended by a 5pe¢ial Resolution passed on 19 March 2020. Or8anlsalloTral strurtur• Faith in Actson Merton HoiTJeles5ness Pro]e£t IFIAI15 a pubjlc benefit entltywh05e oblEct5 are the rejlef of poverty and dlstie5s In the London Borou8h of Merton ILBMI and Its envlron5 through the provisiDn of infomiatron, advice and SUPPOrt to persons who are h¢meless or Vulnerably housed, sufferlng from adverse clrcumstances and In need of help In acqulrin8 8 settled way of life. Our Fakh In Actlon Merton Homeles5nes5 Ptolect Mana8ernent Comrnlttee currently has elght trustees who belon8to the local Merton community or arefrorn local tsith communities. and who 5UPPOrt the work of the Project. Our offlcers are.. Chair.. Grenvllle Wllllams; Treasurer.. Paullne Southgate,. and Comp8ny Secretary."Sarah Codringtcn. The Managefflent Cornfnittee meets approximatety rnonthly 8nd is attended bythe Project ManaBer, Senior Projert Workèr, and a Volunteer Repre5entatlve. Trust succ•sslon plannln8 and r•cNltm•nt The Trustees wlll evaluate the composition of the Board on an artnual basis. There wlll be three sta8es to thls process. A list o15ki11s and exp¢rience required by Ft0 be Compared wlth those of turrent Trusteès to idèntlfy whkh skllls aro mlssin8 or wlll become so as Trustees resl£n or thelr terms of offlce near explry. Look round local buslnesses.falth Broups and otherorRan15atlons for potentlal TTUStee5 who could flll these roles beBrln8 Sn mlnd that time, eTrew. tearn-workln& attitude and commitment are needed a5 well a5 5ki11s and ¢xperOence. Personal approaches have proved to be the most successful overthe years. Pr05peEtlve Trustees are then given a formal Intervlew. Rlsk management ThetrustEe5 have a dutyto Identlfy and review the rlsks to whlch the chartty Is exposed, and to tnsure that approprlate controls are In place to provlde rea50nable assurance agalnst fraud and error. These dutles are mèt by a regular review of our rlsk assessment procedures, by constant monitoring and actkln taken where approprfate, and by Tndependent Examlnatlon of ovraThnual report end accounts. OBIEcfNES AND AcfiviTIES Si8nlflcant artlvltles In plannln8 the activltles of the charfty, the trustees refer to the guidance Issued by the Charlty Commisslon wlth regard to publlc bcneflt. In partlcularthe tru5tee5 conslder how planned actSvltles wlll contrfbute to the alms and objectives of the charity. OurWisiDn i$to be Instrumental in iransformln8 thè lives of indivlduals within the London Borou8h of Merton and surrDLbndlng artrd5 aredad3ntrded andlor exduded from the loral cornmunty as a fEsuIt of hornele55ne55 or vulnerable housin8. Our Purpos• is to provlde suppon, Infomatlon and 8sslstance for'hard to reach, Indimduals, includin8 those with addictive behaviours and mental health issue5, who are homele55 or vulnerably housed, and forwhoffl there are turrenttygaps In public servlce prl$lOn. Thls is in order to help them to access Smproved safety, securlty and well- being and a living environment that tnjly meets their needs.
FArrM IN ACTION MERTON HOMELESSNÉSS PROJECT REPORTOFTHEThUSTEES FOR THE YEAR DED 31 MARCH 2021 We do this in nomial times bv: - operating a twiceweek Drop4n centre for rough 51eeper5, Street user5. the precarious USed and other. mainly single. homeless people in the London Boroueh of M¢rtoft-our service user5 - provtdlng basic care forthe Mele&S. a warm wekomÈ. hot rrals. showers and laundry - creating an environment at the DfOP-In wr(h staff and volurteers who motivate and £uide Servi users throuEh the process of inclusion back into maill5trearn 50Eiety - recognising th obtaining employment is often a keyto res(4vin8 homdessness. we a5si# ser¥ice users with paperwork and onlinpfornFfillth& ljenefft daims. dMVdnErehabiknb and hwsTng applitationr. wriimE CVS and freEIeVJIth joh applications developlng links between tknp-ln service users and the tocalseNKeswhKh a best placed to help them with speclfic problems or need5 linclu(fing Adu &xial Care ServKe5. SoutlFWest London Primary Health Care sertor/GPs. Dept of Work & Pensions, mental heath tearns. hIng agenoes. street rescue. substsnce misuse services, and voluntary grclupsl accompanying service users to appointments OLtsdÈthe Drop4n - carefully targeted and limrled finaThcial assistance in particularctrcumstances to ser¥ice users. The Work of FIA and the Merton Homele$5 Drop4n itoperate5 has been afferted by varying Cowd-19-related restriciions throughout this financial year, fromfull closutc+ limited opening an appointments-only basis. However, thestaff team has continued io provide support for the homeless and vulnerably-housed in various ways during thi5 period, and no staff nmtrs ha¥e fuTtougheil. Data forth very diffetent year are not compardble with previous year During the Covid-19 ui5iS there has been 8cwernmentfinanc?al suprr to provkle accommodation for the homele5S in otherwisTLvpJed hote15. h05teis and B&Bs. ThefUr1o sthemEhos 8iven ThrdnypeopFe vjough inL7Jmeto survlve. In addition, temporary Eovernment regulations have prevented from landkjrds from evlctln8 theirtenants. We expect numbers of local people who are jobless and homdess. and in need of our servitss. to risè a5 restrittions are Telaxed, temporary regulations end. and governrnEnt furmling 15 Withdrawn. The work of has contlnued in dlfferentways duringthis unwalyear.Theteam ofseven staff ccM)sists of.. Project ManaEer145 days). one part4ime Senior Project Worker. and five part-time Project Workers includTng the grant- funded Project Woikerspecifkally supportiDgtheAioI 5etvKe u5eT5. Our New Opportuntties Worker INOWI £LtinueSt0aChieve pL[lIve0trornesforserYICe uws on bKk404¥ork support. All staff have been offered vaccination. The Drowln has been open for liwnited numbers of 5eThryce users when wSSie. and other ways have beeft found for supportingthose in need. on the phIe. online. orvia otheragentie We have worked with uther organisations includU the London Borough of Merton, the Night Shelter, Streetlink and St Mungo'stD Tefer newly hornele5s peop]eto providers of temporary Mndar10n. and have helped to pr(wide support forthese people. Food has been provmled LYTIth Merton Foodbanlthe Dons LocalAttion Grtsup (this 15 3ssociated wtth AFC Wirnbledon fortball dubl and the YMCA. Vulnerablt and vijlnerablythoused people have been 5UPPOrted byteleth)ne and online durins a partlcularly drfficult period in their lives. Ten Volunteer5 have prDided a Wee phone service to people who would nornially have attended the Drop-ln, and we have been able to allow an occasional catch-up Visit from people suffering from isolation. We haveTrnked with servrte usErsto help thEmfindtrainingor 3 job. ervringthatiheY dD not become or continue to be homelesk Our New Opportunities Worker has maintained phone Cltwith a group of her cllents. and been ableto a5s1st with dlfficulties astSw ar AIOSeThKe wr-AperswfromtheAJO¢0U$thafvArtdthe EiIIEWwnUThj May2(¥M. ddingtheA8C1TrrUsand M3ha. Th2 Alo IKJudes'. CYpn. Czech Republi4 EStonmun.L3t¥o. Lillww rount
FArtH IN AcfioN MERTON HOMELESSNL£S PROJEcr REPORT OFTHETRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 Vulnerable and vulnerablythou5ed people have been supported bytelephonÈ and online during a particularly drfrIt period in thelr lives. Ten Volunteers have provided a weekly phone Servi to people who would nornially have attended the DTDP-In, and we have been able to allow an occasional catch-up visltfrom people Suffering from isolation. We have worked with service users to help them find trainin8 or a job. ensuringthat they do not become or Continue to be homeless. Our New Opportunities Worker has maintalned phone contacl with a group of her clients, and been able to assist with difficulties as they arose. Work ha5 been done with homeless EU citizens, helpin8 themto 8ather the d(KumentatiOn needed to applyfor Settled Status in UK tf this is what they want. O¥er70 people have been a5Si5ted with Settled Status appllv4tiI and 30 have achieved it. Thè rèst are in the process or have lost contact with us. We have also made referr315 to 5tatutoryservice5 for seNice users. Including houslng, social services, drug and alcohol services. and rnental heakh. Thes¢ referrals can take a long time and witlt Covld restrictlons it has been dlfflcult to make contatt with them. Volunteers have been oble to wrjrk in the Drop-ln once vaccinated. and this has been Drganlsed fDrfNe of them. In addition. ten voljinteers have helped tosupportseNice users by phone or online. The charity in 2020121 had el8ht active trustees. The AGM and 'Open Evenlrrf event wa5 held online on 22 February 2021. well-attended by 5UPPOrters and volunte•J. FINANCIAL REVIEW We are grateful to our donors th sufficient funds were rdised in 2020121 to more than break even on running tosts; as stated below. we received unexpetted and very 5ubstaMtial onfroff donation5. The Management Committee 15 Biving careful thought about how best to Use thi5 money in expectation of Significant extra demand for our services in future. The charity continu25 to be rèliant on ad hot contributions and regulargiving by standlng order. We wlll continue work to promote regularglving and additional income provided by Gbft Aid. None of our objettlves or the contlnued achlevements of the Drop-ln woukl be posslble vhthoutihe Interest and support of many tn the loc31 community wlM> have.chosen to raise money and gwe to FIA for whid) we are trtsly Brateful. Financial supportfor Fatth in Action ha5 been unexpectedly strong durinE the year 2020121 when fundraising actNity had to be limited. We continue to he 8rateful to all those donor9 who provide regular contributions. The Lonijon Borough of Merton's Mayor Cllrjanice Howard raised an amazing £40,000 via the Mayorfs Charity, m05t attivity having been pre-lockdown. Thejames Leek Fund raised an astonishing £43,823. One-off donations to Faith In Attion Inot previously mentioned) amounted to £41.779 and included £20,000 from the Cappa6h Group of Companies for whith we are verygrateful. The AIO Project Service Level Agreement for the support of EU citTzens with the London Borough of Merton ILBMI was renewed for a tenth Veèr. We anticlpatethat this fundin6 may no tonger be provlded post-Brexlt,. however, we Intend to ewurewe have suffioentfunds to contlnuethe employment of this dedicared Project Worker while thls Is needed. Reserves Pollcy The Trustees have the following Reserves Policy.. lil The Trustees seek to maintain 2 suFficient level of reserves to enable Falth in Attion to meet (Is obligations as they fall due and to èllowforsuch contingencies as mlght reasonab be expetted to arise. lill Three rnajorcoTrtingencie5 have been identified.. Ios5 of major donor who contributes ontrthird of the charitvs income.105s of current premises incurring rent increase and relocaticffi Costs. and an orderly c105trdown of the 5ervitr. Re5etve5 to coverthese three c05t5 Stand at £15D.(O. Thi5 level of re5etve 15 to be ieviewed In 202112022 as Covid-19 decreases. liiil The Trustees are tontinuously looking for ways to enhance their abilityto transform the lives of individuals within the London Borough of Merton who are disadvantaged andlor excluded from the local community 8$ a result of homelessness or vulnerable housin& and the balance of the reserves 15 held to enable such enhancemellts
FA IN AlON MERTON HOMELESSNESS PROIEcr REPORTOFTHETRUStEES FOR THE YEAR ENDED 31 MARCH 2021 FINANCIAL REVIEW ICONT.) Flnancial Position The financial position of Fèith in A(tion Is stron& Reser*s at the &)d of the financlal year stood at £354,062. The budgeted cost of runnin8 the Drop4n for 202112022 is £165A44 whKh will be £20.944 ereater than the e5tirnated incomeforthe year. However, even alking forthe PfDjet15 whKh FIA wishes to undertake in 2021122 (See Future Plansl and some improvementsto the salVatic Arrny fjtsdeL FIA should still hold reserves of £250.OOD at 31 Marth 2021 THE TRUSTEES THANL. Yhe Wimbledon Guild for the provislon of offlce space, a payToII serylce. and use of meetln6 rooms- all free of charge; C•ptalft Annette Wicks for her Cope10n ènd understandln8 in our use of the 5alvatlon 14nny premises. our staff, trustees and ¥olunteer5 fortheir enthuasrn and cornmTtTnent to the project; our donor5 who generou51y support the project and enable its continuance. The London aorough of Merton are to be thanked for maintaining their 8rant to 5UPPOrt theAIO users. FimiRE PLANS Trustees are currently addressln& the questkjn of likely Inueased need for Our services in 202V22 and how to meet thls need, In the context of both Covid-19-related economic unEertainty and re$trictiDn¥ and the end of the Brex4t transitSon period. It Is Intended to Use generous fvndln8 provhjed byihe Jame5 Leek Fund and the L8M Mayorf5 ChHrity to provlde additlonal staffing. enabling us better to 5UPPOrt peop seeking empknyment and accommodatlon. There are alsts plans to rethlnkthe waywe operate In the Drop4n so as to provide a bettei environment forthose wlth mental health tssuek FiA wlll tontinue to m¢)nitor •nd m•h¥e the irnpact of Salvation Amry de(is1ons about the future of thelr Current bulldlnes In Merton, Includln8 the hall In which our Merton Homeless Ltrop-ln operates.
FAITH IN AclloN MÉRTON HOMÉLESSNESS PROJEcr REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 The trusiee5 (who are also the directors of Faith In Attlon Merton Homelessness Prolect forthe purposes of company lawl are responsible for preparing the Report of the Tru5tee5 and the financial statements in actordance with appllcable law and United Kingdom Accounting Standards (United Klngéom GenerallyAccepted Accounting Practice). Cornpany law requ15 the trustees to prepare flnanclal statements for each financl81 year whlch give a true and falr vlew of the state of affairs of the charitable company and of the Incomlng resources and applicatlon of resOUe$. includln8 the Income and expendlture, of the charltable company forthat perlod. ln prepaTln8 thosefinanclal statements, the trustees are required to select sultable ac£ountlng pollcles and then apply them conslstently,, observe the methods and principles in the charity SORP; make jud8ements and estimates that are reasonable and prudent,. prepare the financial statements c¢n the going concern basi5 unle55 It15 Inappropriate to presume that the claritable company w511 contlnue In buslness The trustee$ are responslblefor keeping propera(countln8 records whlch dlsclose wlth reasonable aUla(V at any tlme thefinandal posltiOA of the tharltsble company and to enablethem to ensure that the finandal statements complywlth the Companies Act 2006. They are also spOnSIble for safeguardln8 the assets of the charltable company and hence for .takin8 reè$onable steps for the preventlon and detertion of fraud and other Irregularlties. Approved by ord?r of the board of trustees on ac4al and $18ned on Its behèlf by- Mr WG,Wllllarn5- Trustee
INDEPENDErfr EXAMINER'.S REPORTTO THETRUSTEES OF FAITH IN AcfioN MERTON HOMELESSNESS PROJEcr I reporttothe charity tfUStee5 on my exaTnination of the accounts of Fth in Action Merton Homelessness Prolett Charrtable Q)mpany (the CDmpanylfortheyearended 31 March 2021. whlch are 5etouton pa8es sevent0fil. Respectlve responslbllitle$ of trustees and examiner The tnjstees (who are also the director5 of the companyforthe purposes of cornpany lawl are rÈsponslble forthe preparation of the accounts. The charitls trustee5 conslderthat an audit Is not requlred forthls perlod under sectlon 4121 of the Charities Att 2DII Ithe 2011 Acil and that an Independent examlnatlon Is needed. The charltV$ 8ross income was below£250,000. l am quallfied to undertakethe examlnatlon by bein8 a qualrfied memberofthe Institute of Chartered Accounlants In England and Wales. HawnK5èti5fied my5eWthatthecharity is nOtbJetttO audit undu Part16 of theMpanieSAtt2OO6 and 15 6Ji8thle for independent examination, it is my re5ponsibilityto: examlne the accounts undersectlon 145 of the 2011 Ac¥. to folls)Wthe pmcedure5 lald down In the General Dlrectlon5 glven by the Charlty Comm15slon under sertlon 14515llbl of th6 2011 Act; and to Slate whether partlcular matters have ccrfneto my atttrtlon. aslsof Indep•nd•ntexamhrfs report My examination was carried out in accordance wlth the General Dlrectlons 8lven by the Charlty Commlsslon. An examlnatlon Includes a revlew of the accountlng records.kept by the charlty and a comparlson of the accounts presented with those record5. It also include5 con51deratlon of any unusual Items or dlsclosures In the accounts, and the seekino of explanationsfrorn you as trustees conceTnln8 any such matters. The procedures undertaken do not provlde all the evidencethat would be requlfed In an audlt ènd, consequentty, no oplnlon Is 8lven as to whether the accounts present a'true and fairvIe and the report 1$ Ilmtted to those matters set out th the Statement below. indep•ndent•xamtnerfsstatsmant I have completed my examlnatlon. I confirm that no matters h•v• ¢ome to my attentlon In connectlon wlth the examlnatlon 8lvlng me ¢ause to belleve: al accountln8 records were not kept In respect of th Company as requlred by sertlon 386 of the 2006 Act; or bl Ihe accounts do not accord wlth those accountlng records. or cl the account5 do not complywlth the accountlnB reqU1MentS of gectlon 396 of the 2006 Act otherthan any requlrement thjt the occounts 8lve a true and falrf vlew whlctt,Is not a matterconsldered as part of an Independent e¥amlnatlon; or dl the accounts,have not been prepared In accordance with the methods and prfnclples of the Statement of Recommended prBctlce for accountln£ and reportln£ by charStSes appllcable to charStles preparlngthelr accounts in accordance wtth the Financial Reporting Standard applicable In the UK and Republlc of Ireland IFRS 1021. I have rbo concems and have come across no other matters In ¢onne¢tion wlth the examlnatlon to whkh attentlon should be drawn In th15 report In order to enable a proper understandlng of the accounts to be reached. Name of VAamlner: Katherfne Wllkes FCA Name of flrm: CrStehleys Audk LLP Relevani professlonal bodw. Institute of Chartered Accountants in En8land and Wales Addres5: Beaver House, 23-38 Hythe Brid8e Stet. Oxford, OXI 2EP 02 Deceinber 2021
FAITH, IN ACTION MERTON HOMELESSNESS PROJECT ATEmE1oF FINANCIALAcnvmES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNn 'FOR THE YEpai ENDED 31 MARQI 2021 2021 Totsl funds 2020 Total f4Jnds Unrèstricted fvnds Restricted funds Notes INCOMING AND ENDOWMENTS lfttamÈ from ge•rated lunds Donatiorh5 and IFe$ Incomefrom investments 205.066 87 lo00 215.066 87 L91,794 IA90 Total Incomkn8 and endowments 205,153 10.000 215.153 193.284 EXPENDIIURE pendlture ralslng fttnds Expertditure on tharitable actlvities I.IZ4 157,137 1366 159.143 10,000 167 137 Total res0ree$ èxpèndÈd 158.261 10.ODD 168,261 160.509 INComING11ovT60lN6 RESOURCES) 46.892 46J92 32.775 RECONCIUATION OF FUNDS Totsl funds broughtfonvard 307.170 307,170 274.395 TOTALFUNDS CARRIED FORWARD 354,062 354.062 307,170 CONnNUING OPERATIOhB All incoming rEsouTh and re50urw &(pended arlse from continulng acthiitles
FArrH IN AcfioN MERTON HOMELESSNESS PROJE ReElstered Company No. 04352872 BALANCE SHEÉY AS AT 31 MARCII 2021 2021 Total funds 2020 Total funds Unrestrirted funds Restrlrted funds Notes CURRENT ASSErs Debtors Cash èt bank and In hand 2,037 355.720 2,037 355.720 4,117 3U443 357,757 357,757 315,560 CREDITORS Amounts fallln8 due wlthln one year 13,6951 13,6951 18,3901 NCuRRE1 ASSETS 354.062 354.062 307J70 TOTALASSETS LESS CURRENTLIABIUnES 354,062 354,062 307,170 NA$s5 354,062 354,062 307,170 FUNDS Unre5trictod funds Restrlcted lunds 354,062 307,170 TOTAL FUNDS 354,062 307,170 The notes form part of the finandal siatements
FAITH IN AlON MERTON HOMELESSNESS PROIE BALANCE SHEFf- CONTINUED ASAT31 MARCH 2021 The charltable company Is entltled to exemptSon from audlt under Sectlon 477 of the Companies Act 2006 forthe year ended 31 March 2021. The member5 have not required the charitable company to obtain an audit of its financlal statementsfor the year ended 31 March 2021 In accordan wlth Section 476 of the Companles Act 2006. The trustees acknowledge their responsibilltle5 for ensuTrngth*the chHTitable compary keep5 accounting recorfts that comptywith section 386 and 387 of the Companies Act 2006 and preparln8 financial statements whlch Blve a true and falrvlew of the state of affalrs of the charltable company as atthe end of each financial year and of its Surplus oi deficitfor each financial year in accordance with the reouirernents ol Sections 394 and 395 and which otherwise comply with the requirement5 01 the Companies Act 2006 relatin6 tofinanci&l statements, so far as applicable to the eharitable company. Ibl The finandal ststernents have boon weparod in arxQrdar wfth provlslons appllcable io companles subJect to the srnall companl?5' re8lme underthe Compan5es Act 2006. The Nnanclal statements were approved by the Board of Trustees on and were slgned on Its behalf by: r W G Wllllams ' Trustee Mrs P M SouthBate-Tru5t The notes fomi part olthese fSnandal statements -io-
FAITH IN ACTION MERTON HOMELESSNESS PROJECT NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNnNG POLICIES Accountln8 conventlon The flnanclal ateMentS have been prepared In accordance vhth Accountin8 and Rep¢rting by Charities: Statement of Recommended Practlce appllcableto charities preparing thèir at¢ounts in 0¢¢ordan with the Flnanclal Reportln8 Standard appllc3ble In the UK and Republic of Ireland IFR51021 leffectNe lJ4nuary 20151 (Charities SORP IFRS10211, the Financlal ReportlngStHndard appllcable In the UK and Republlc of Ireland {FRS1021 and the Cornpanie5 Art2006. IncDmlng resources All incoming resources are included on the Statemeni of Flnandal ActlvStles when the charlty Is legally entitled to the income and ihe amount can be quantlfled wlth reasonable accuracv. RegQUTces expended Expenditure 15 accounted for on an accruals basls and has been classified under h¢adlngs that ag£re8ate all cost related to the cate80ry. Where costs cannot be dlrectty attributed to pèrticular headings they have been allocated to activltles a basb con51stent wlth the use of Te5011rc*s. TaxBtlon The ¢h8rtty1s exempt from corporatlon tax on Its charltabl¢ artlvltles. Fund accountlni UnStrIcted funds can be used kn arcordance wlth the charftable oblectlves at the d5scretlon of the trustees. Aestrlcted funds can only bè used for p8rtl¢ul8r restrftted puiposes wlthln the oblects of the charfty. Restritttons 8ris• wh¢n spethcd by the donororwhen funds are raised forpartS¢ul?r rE5trtrted purpo5E5. Further explanatSon of the naturè and purpose of e¥h fund15 lTh¢luded In the notes to the flnanclal statements. Pen$lon costs The charftable company operates a deflned contrfbution penslon scheme. Contrlbutlons are pald tothe per50nal pension5 of particlpatlng employees and these are thai8ed to the statement of r.Inandal Actlvitle5 In the perfod In whlch theyare pald.
FAITH IN ACTION MERTON HOMELESSNESS PROJECT NOTESTO THE FINANCIAL STATEMENTS KJR THE YEAR ENDED 31 MARCH 2021 DONATIONS AND LEGACIES 2D21 2020 Donations 185,664 19.402 10,000 215.066 163,778 18,016 10,000 191,794 Glft Aid Grants Grants re(&ved. included in the above, are a5 follows.. 2021 2020 AIO Servlcè Level Agreèment LBM 10,000 10,000 INVE57MENT INCOME 2021 2020 DeposSt account Interest 87 1,490 TRUSTEES, REMUNERATION AND BENEFITS Therewere no trustees. remunernllon or other benefits for the year ended 31 Mar¢h 2021 nor forth¢ yearefided 31 Marth 2020. TNstee5' eMpen%es Thor¢were no trustees, expenses paSd for the year ended 31 Marth 2021 nor for the year ended 31 Marth 2020. STAFF COSTS 2021 2020 Wa8es and salarles Social securlty costs other pensson costs 111,903 3,422 5,568 120,893 106,225 3,465 5,321 115,011 The avera8e monthly number of employees durlh8 the year was a5 follows: 2021 2020 Charltable artlvltl No employees rKdved emoluments In excess of £60,000
FAITh IN AcfioN MERTON HOMELESSNESS PROJECT NOTESTOTHE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MAROI 21)21 DEBTORS: AMOUNTS FAWNG OUEWITHIN ONE YEAR 2021 2020 GIftd Othw Debtor5 Prepents 1339 1,323 2,123 671 4.117 698 2,037 CREDITORS: AMOUPItS FALLING DUE WITHIN ONE YEAR 2021 2020 PAYEINI Attruals 1349 1.746 3,695 6,524 IA66 8,390 Net movemont In fijnds MOVEMENf IN FUNDS At 114120 At 3113121 Unlesrted fimds General fund 307,170 46,892 354,062 AIO Servlce Level A8reement LBM TOTAL FUNDS 307,170 46,#92 354,062 In(omlrK% Resour Movanent In resource5 expended funds MOVEMENf IN FUNDS- CONTIKIED Net movement In funds. Induded in the above are as follows: Unrestsicted funds Gener fund 205.153 1158.2611 46,892 Restricted Fund5 AIO Ser Level A£reement LBM Anonymou5 Gift to be treated as Re5tr5rted Funds 10,000 iio,0001 215.153 {168,2611 46,892
FAITH IN ACTION MERTON HOMELESSTrtSS PROJEcr NOTESTOTHE FINANCIALsfATEMENTS FOR TrE YEAR ENDED 31 MARCH 2021 RELATED PIRTY DISCLOSURES tknring the yÈartrLfSt madè donations of £9519 to thewinter Ni8ht Shelters Project. 10. UABILITY OF MEMBERS The flality of each memberis Ilmited to £L bein8 theThourtthat exh m•nL*r undertakes to contributeto the assets of the tharitable company in the elent of it bn8 wound up while he orshe is a membw orwithln one year after he or she e$ to be a membw. 11. GOING CONCERN Thpre are no materi41 uncertwntie5 abwt the tharitys ability to contin as a goi COtKem. 12. GENERAL INFORMATION Faith in Action Merton Homeless Project is a constituted as a company and limit by a guardntée. The Charity is registered 3nd domialed in England. Its prinopai addrV is 30.32 Worple Road. Wimbledon. London SW19 4EF -14-
FAITH IN AcfioN MERTON HOMELESSNESS PROJEcr DETAiieD STATEMENT OF HNANaA Acnv FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 INCOMING RESOURCE5 Volunw Income ljonations and Lymts Gift aid Grants 185.664 19.402 i0,J0 215.066 163,778 18.016 10,000 191,794 Investment Incorne Bank interest 87 1.490 Total Incornlng resourrys 215.IS3 193.284 Fdr*I costs L124 1.366 Charllable actfvitles Salaries S(xial security ps1onS Insuran 111.903 3,422 5,568 879 ID6.225 3.465 5.321 875 16 466 726 li 16,107 1,634 1.642 1361 7,609 1.832 1,508 5,850 574 Tdephone Postage and stationÉry Banv$al charges Hall hire and repairs Computer costs and ff proiett Staff/volUntetT3InlTYJeMpenSeS Sleepin8 ba8s, dothes and focd parcds Drop-ln day costs Equiprnent and other drop in wen5es Volunteer and service uswtravd AIO non salary costs Re5trirted fund5 WSnter Night shelters Membership fee5 625 132 25,738 1,759 410 li 3A43 785 9519 2.359 157581 165,517 Independent examinerfs fee Legal Committee expenses L620 1.460 102 1,620 Total resour5 e¥pended 168,261 160.509 Netkncome 4692 32,77S
FAITH IN ACTION MERTON HOMELESSNESS PROJECT COMPARATIVEsfATEMENT OF FINANCIALAcnviTIES FOR THE YEAR ENDED 31 MARCH 2020 202 Total funds Unrastritted funds Restricted funds INCOMING AND EI¥JDOWMENT5 Income from generated funds t¥m*ion$ and ldeS Income frorn investments 181.794 1,490 lo00 191.794 1.490 Total inrom8 and endowments 183,284 10,000 193,284 EXPENDITURE endtturè on raising lunds Expendlture on charltable actlvltl 1,366 148.569 1366 159.143 10,574 Total resouKes expended 149.935 10.574 160.509 INCQMIN6IIouTfjOING RE50URCE51 33,349 15741 32,775 RECONCIUATIONOF FUNDS Totsl funds brought fon¥ard 273A21 574 274,395 TOTAI FUNDS CARRIED FORWARD 307.170 307.170 -16-