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2021-03-31-accounts

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Charity Registered Number 1108777 Company Registered Number 05300691

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

CONTENTS

Page
Legal and administrative Information 2
Trustees’ report 3 - 8
Independent examiner’s report 9
Statement of financial activities 10
Balance sheet 11
Statement of cash flows 12
Notes to the financial statements 13 - 23

1 | P a g e

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees: Graham Hollebon, Chairman
David Goldin
Greg Peacock
Kathleen Price
Gerhard Schulz, Treasurer
Jean Cooke
Matthew Weir
Hannah Lancaster
Company registered number: 05300691
Charity registered number: 1108777
Registered Office: 37 Portland Road
Hove
BN3 5DQ
Company secretary: Gerhard Schulz
Chief executive officer: Paul Young
Independent Examiner: J Irvine-Smith FCIE
Independent Examiners Ltd
2 Broadbridge Business Centre
Delling Lane
Bosham
West Sussex
PO18 8NF
Bankers: HSBC Bank plc
153 North Street
Brighton
East Sussex
BN1 1SW
Patrons: Dr Rodney Queen, Peter Kyle MP, Dee Simpson, Michael Chowen,
Maureen Chowen, Bruno Salter, George Verwer, Claire Martin OBE

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OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2021

The Trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2021.

Structure, governance and management

Nature of governing document

Off The Fence Trust Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.

Methods of appointment or election of Trustees

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association. None of the Trustees has any beneficial interest in the company.

Organisational structure

The projects are supervised by Managers who report to the General Manager, who reports to the chief executive officer (CEO) who is responsible for the day-to-day operations of the charity and is accountable to the Board of Trustees. The Company's Board has a wide and varied skill base as well as having a multi skilled advisory panel and all this is underpinned by the Health & Safety safeguards of Peninsula Business services.

Risk management

The Trustees have assessed the major risks to which the company is exposed, for each of the projects and in particular those related to the operations and finances of the company. The Trustees are satisfied that systems and procedures are in place to mitigate exposure to the major risks (full risk management strategy document available on request).

Objectives and activities

Objects and aims

The charity's vision is resisting poverty, empowering people, restoring hope in Brighton and Hove.

Mission Statement

The mission of Off The Fence is to eradicate social and spiritual poverty in Brighton & Hove, engaging with individuals to create a new level of hope in the City. Off The Fence provides short and long-term solutions by delivering a range of support networks to empower people and prevent poverty in all its forms. The charity offers people hope, a way forward and the opportunity to live a transformed life.

Values

The values agreed by the Off the Fence team and the underpinning to our day-to-day decision making are:

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OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2021

The objectives are to:

  1. Offer professional and quality services to all our clients.

  2. Solve homelessness issues, offer practical and emotional support for isolated women, prevent school exclusions and provide schools with positive mentoring, individual support, structured activities and faith-based resources.

  3. Equip others to address and overcome social and spiritual poverty.

  4. Show God’s love in action.

  5. Teach life skills and build relationships that lead to a better future for all.

  6. Provide long-term (and where necessary life-term) care and support for clients.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Activities undertaken to achieve objectives

The charity is organized into four frontline projects as well as the core infrastructure:

Volunteers

We would like to thank the army of volunteers who give to us many thousands of man hours per year free of charge; the impact on this City is incalculable.

Financial review

Reserves policy

The required level of reserves (as set out in our policy) was to set aside three months running costs during the course of the year. The Trustees consider that reserves at this level will ensure that, in the case of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to the ways in which additional funding may be raised. Budgeted monthly running costs for the next year are £60,000 per month, with a three month reserve being £180,000.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

4 | P a g e

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

Principal funding

The charity received total income of £815,634 (2020 - £600,764) which included Gifts in kind amounting to £11,206 (2020 - £12,120).

The charity has been successful in delivering income to support the continued development of all our projects. In addition we have launched a capital appeal to fund the purchase of a property for our Gateway Women’s Centre and expect to complete this acquisition in the next financial year.

Achievements and performance

Review of Activities

Covid-19 Response

Off The Fence was able to respond very quickly to the challenges of Covid-19 and the lockdown restrictions that were first implemented in March 2020. We moved to a remote support for service users, invested in new IT including a Cloud based system to enable staff to work from home, new CRM capability and a new support provider, and developed Covid safe policies to keep everyone well. The CEO, senior staff and Board remained in close contact to ensure rapid decision making in the best interests of our staff and clients.

We used the Government furlough scheme, particularly in the early days of the pandemic, and have been able to maintain the required level of staffing across all our projects throughout the year.

Our fundraising team have implemented a new website, a virtual sleepout and other new enterprising remote fundraising events.

We are honoured to have been chosen as the Mayor’s Charity for the third year running, testament to our longevity in working with the most vulnerable people in the City over the last 24 years. We have also launched a highly successful capital appeal to enable us to extend our work with women in crisis, a capability much in demand as a result of the pandemic.

It has been a year like no other but we are proud to have continued to serve those in need in Brighton and Hove.

How Antifreeze makes a difference

5 | P a g e

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

• Local food banks referrals and obtaining essential items e.g. kettles We provide:

Gateway women experiencing crisis or difficulty through:

Our Schools and Youth team help disempowered young people by:

6 | P a g e

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Schools team have partnerships with local schools including Aldrington C of E Primary, Blatchington Mill, Cardinal Newman Catholic School, Hove Park and King’s School

7 | P a g e

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2021

Trustees’ responsibilities statement

The Trustees (who are directors of Off The Fence Trust Limited for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

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

In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the Trustees on 21 May 2021 and signed on their behalf by:

______ Graham Hollebon

8 | P a g e

(A company limited by guarantee)

OFF THE FENCE TRUST LIMITED

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Independent examiner’s report to the Trustees of Off The Fence Trust Limited

I report to the charity Trustees on my examination of the accounts of the company for the year 31 March 2021.

Respective responsibilities of trustees and examiner

As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since Off The Fence Trust Limited's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a Fellow Member of the Association of Independent Examiners, which is one of the listed bodies.

I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

J Irvine-Smith FCIE Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham PO18 8NF

21 May 2021

9 | P a g e

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Note
INCOMING RESOURCES
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Raising funds
6
Charitable activities
7
TOTAL RESOURCES EXPENDED
Transfers between funds
Gains/(losses) on sale of fixed assets
Total funds at 1 April 2020
15
NET INCOMING RESOURCES/(RESOURCES
EXPENDED) BEFORE TRANSFERS
TOTAL FUNDS AT 31 MARCH 2021
NET INCOMING RESOURCES/(RESOURCES
EXPENDED) BEFORE OTHER GAINS AND LOSSES
NET MOVEMENT IN FUNDS		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2021
2021
2021
2020
£
£
£
£
366,261
344,750
711,011
509,360
16,090
-
16,090
8,298
77,107
10,993
88,100
82,380
434
-
434
726
459,891
355,743
815,634
600,764
93,273
-
93,273
46,475
101,041
470,109
571,149
619,130
194,313
470,109
664,422
665,605
265,578
(114,366)
151,212
(64,841)
(121,361)
121,361
-
-
144,217
6,995
151,212
(64,841)
-
-
-
-
144,217
6,995
151,212
(64,841)
516,038
387,790
903,828
968,669
660,255
394,785
1,055,040
903,828

The notes on pages 13 to 23 form part of these financial statements

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OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

Registered number: 05300691 BALANCE SHEET AS AT 31 MARCH 2021

Note
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
14
NET ASSETS
CHARITY FUNDS
Restricted funds
Unrestricted funds
TOTAL FUNDS
15
NET CURRENT ASSETS/(LIABILITIES)
CREDITORS:amounts falling due within one year		 2021
2020
£
£
£
£
726,930
743,752
6,999
8,249
588,684
160,163
595,682
168,412
(267,572)
(8,336)
328,110
160,076
1,055,040
903,828
394,785
516,038
660,255
387,790
1,055,040
903,828

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements were approved by the Trustees on 21 May 2021 and signed on their behalf, by:

Graham Hollebon

The notes on pages 13 to 23 form part of these financial statements

11 | P a g e

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Total funds Total funds
2021 2020
£ £
Cash flows from operating activities
Net cash provided by/ (used in) operating activities 443,307 (35,144)
Cash flows from investing activities
Dividends, interest and rents from investments 434 726
Proceeds from the sale of property, plant and equipment - -
Purchase of property, plant and equipment (15,221) (11,643)
Proceeds from sale of investments - -
Purchase of investments - -
Net cash provided by/(used in)used in investing activities (14,786) (10,917)
Cash flows from financing activities
Repayments of borrowing - -
Cash inflows from new borrowing - -
Receipt of endowment - -
Net cash provided by/(used in) financing activities - -
Change in cash and cash equivalents in the year 428,521 (46,061)
Cash and cash equivalents at the beginning of the year 160,163 206,224
Cash and cash equivalents at the end of the year 588,684 160,163
Reconciliation of net income/(expenditure) to net cash flow from operating activities
Total funds Total funds
2021 2020
£ £
Net income/ (expenditure) for the reporting period
(as per the statement of financial activities) 151,212 (64,841)
Adjustments for:
Depreciation charges 32,043 31,314
(Gains)/ losses on investments - -
Dividends, interest and rents from investments (434) (726)
Loss/ (profit) on the sale of fixed assets - -
(Increase)/ decrease in stocks - -
(Increase)/decrease in debtors 1,250 (2,141)
Increase/(decrease) in creditors 259,236 1,250
Net cash provided by/(used in) operating activities 443,307 (35,144)
Analysis of cash and cash equivalents
2021 2020
£ £
Cash at bank and in hand 588,684 160,163
Total cash and cash equivalents 588,684 160,163

The notes on pages 13 to 23 form part of these financial statements

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OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

Company status

The company is a company limited by guarantee. The members of the company are the Trustees named on page 2. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

Off The Fence Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Gift aid

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Gifts in kind

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

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OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Interest receivable

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

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs of all fundraising activities events and noncharitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following bases:

Freehold property - 2% straight line on buildings Property improvements - 10% straight line Plant and machinery - 25% straight line Fixtures and fittings - 25% straight line Computer equipment - 33% straight line

Debtors

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

14 | P a g e

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Cash and cash equivalents

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

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

Pensions

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Financial instruments

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

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OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. INCOME FROM DONATIONS AND LEGACIES

Donations
Legacies
Grants
Government grants
Similar incoming resources
Total 2020		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2021
2021
2021
2020
£
£
£
£
164,917
40,267
205,184
224,044
-
-
-
14,720
164,820
181,341
346,161
252,234
31,893
123,092
154,985
3,747
4,631
50
4,681
14,615
366,261
344,750
711,011
509,360
275,750
233,610
509,360

3. INCOME FROM CHARITABLE ACTIVITIES

Rental income
Total 2020		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2021
2021
2021
2020
£
£
£
£
16,090
-
16,090
8,298
16,090
-
16,090
8,298
8,298
-
8,298

4. INCOME FROM OTHER TRADING ACTIVITIES

Income from fundraising events

Sponsored Events
Total 2020		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2021
2021
2021
2020
£
£
£
£
77,107
10,993
88,100
82,380
77,107
10,993
88,100
82,380
45,806
36,574
82,380

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OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

5. INVESTMENT INCOME

Bank interest
Total 2020		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2021
2021
2021
2020
£
£
£
£
434
-
434
726
434
-
434
726
726
-
726

6. EXPENDITURE ON RAISING FUNDS

Note
Fundraising staff costs
10
Other fundraising costs
Total 2020		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2021
2021
2021
2020
£
£
£
£
77,432
-
77,432
46,475
15,841
-
15,841
-
93,273
-
93,273
46,475
46,475
-
46,475

7. ANALYSIS OF EXPENDITURE BY ACTIVITIES

Antifreeze
Gateway
Schools & Youth
Ministry
Total 2020		 Direct
Support
Total
Total
costs
costs
costs
funds
2021
2021
2021
2020
£
£
£
£
156,123
44,890
201,014
189,458
98,051
34,469
132,520
87,498
97,145
35,732
132,877
108,394
73,899
30,840
104,739
72,813
425,219
145,931
571,149
458,163
458,163
157,101
615,264

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OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

8. COSTS OF CHARITABLE ACTIVITIES

Note
Staff costs
10
Other staff costs
Rent and rates
Utilities
Vehicle expenses
Travel and subsistence
Stationery, post and printing
Communications
Computer expenses
Professional fees
Equipment
Building maintenance
Subscriptions
Insurance, health and safety
Meetings and events
Outreach costs
Sundry
Depreciation
Support costs
9		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2021
2021
2021
2020
£
£
£
£
-
339,484
339,484
373,325
-
4,387
4,387
-
-
9,658
9,658
10,159
-
3,186
3,186
3,602
-
6,216
6,216
8,936
-
2,944
2,944
4,361
-
5,909
5,909
5,559
-
7,407
7,407
5,477
-
5,154
5,154
282
-
52
52
526
-
253
253
5,781
-
1,127
1,127
2,271
-
426
426
698
-
2,032
2,032
1,430
-
150
150
234
-
16,694
16,694
22,395
-
18
18
48
-
20,120
20,120
13,079
101,041
44,890
145,931
157,101
-
101,041
470,109
571,149
615,264

Support costs are allocated on a staff cost basis to each activity.

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OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

9. SUPPORT COSTS

Staff costs
10
Other staff costs
Rent and rates
Utilities
Travel and subsistence
Stationery, post and printing
Communications
Computer expenses
Professional fees
Equipment
Building maintenance
Bank charges
Subscriptions
Marketing and advertising
Insurance, health and safety
Meetings and events
Outreach costs
Sundry
Depreciation
Independent examination		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2021
2021
2021
2020
£
£
£
£
61,779
27,447
89,227
80,839
361
161
522
-
3,985
1,771
5,756
4,966
3,929
1,746
5,675
5,161
61
27
88
544
2,447
1,087
3,534
6,943
1,702
756
2,459
2,990
1,661
738
2,400
7,181
4,812
2,138
6,949
8,990
298
132
430
502
2,241
996
3,237
2,636
2,611
1,160
3,771
2,794
560
249
809
1,485
52
23
75
2,288
4,967
2,207
7,173
5,946
222
99
321
1,117
9
4
13
847
174
77
252
297
8,255
3,667
11,922
18,235
914
406
1,320
1,320
101,041
44,890
145,931
157,101

10. STAFF COSTS

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
£ £ £ £
Wages and salaries 146,650 299,289 445,939 443,613
Social security costs 10,015 19,581 29,596 28,875
Pension 9,993 20,615 30,608 31,231
166,658 339,484 506,143 503,719
The average monthly number of employees during the year was as follows:
2020 2020
Administration and management 6 6
Charitable activities 19 25
25 31

No employee received remuneration amounting to more than £60,000 in either year.

Key management personnel are considered to be the Chief Executive Officer and his wife. Their remuneration in the current year amounts to £61,586 (2020 - £60,500).

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OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

11. TRUSTEE REMUNERATION AND EXPENSES

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL).

During the year, no Trustee expenses have been incurred (2020 - £NIL).

12. FIXED ASSETS

Freehold Property Plant and Fixtures & Computer Total
property Improvem. machinery Fittings Equipment
£ £ £ £ £ £
Cost
At 1 April 2020 782,107 53,674 56,064 17,039 35,536 944,420
Additions - 2,082 1,860 - 11,279 15,221
Disposals - - - - - -
At 31 March 2021 782,107 55,756 57,924 17,039 46,815 959,641
Accumulated Depreciation
At 1 April 2020 63,225 49,772 42,801 17,039 27,831 200,669
Charged in the period 11,092 2,293 10,477 - 8,181 32,043
Disposals - - - - - -
At 31 March 2021 74,317 52,065 53,278 17,039 36,012 232,711
Net Book Value:
At 31 March 2021 707,789 3,692 4,646 - 10,803 726,930
At 31 March 2020 718,882 3,902 13,263 - 7,705 743,752

13. DEBTORS

Prepayments
Accrued income
Other debtors		 2021
2020
£
£
2,517
2,022
2,008
2,480
2,474
3,747
6,999
8,249

20 | P a g e

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14. CREDITORS: amounts falling due within one year

Accruals
Deferred income
Other taxation and social security		 2021
2020
£
£
1,000
1,000
258,774
-
7,798
7,336
267,572
8,336

15. STATEMENT OF FUNDS

STATEMENT OF FUNDS
Current year
Unrestricted funds:
General funds
Restricted funds:
Antifreeze
Gateway
Schools and youth
Ministry
Building refurbishment
Capital appeal
Total funds		 Balance at
Incoming
Resources
Transfers
Balance at
1 Apr 2020
resources
expended
in/out
31 Mar 2021
£
£
£
£
£
516,038
459,891
(194,313)
(121,361)
660,255
116,956
207,987
(194,147)
130,796
-
87,288
(98,051)
10,763
-
-
46,400
(97,145)
50,744
-
-
14,067
(73,899)
59,832
-
559
(581)
22
-
270,275
(6,286)
263,989
387,790
355,743
(470,109)
121,361
394,785
903,828
815,634
(664,422)
-
1,055,040

The Antifreeze fund is used to provide a place for those who find themselves sleeping on the streets of Brighton & Hove.

The Gateway fund is used to offer to women a professional and quality service that meets the needs of women experiencing emotional distress and to tailor support to their individual needs.

The Schools and youth fund is used to offer to local schools a reliable, committed and professional service helping them to meet the requirement of providing for the spiritual needs of their students.

The Ministry fund is used to show God's love in action and also to inspire and help local churches to be involved better in social outreach.

The building refurbishment fund is for the refurbishment of the Antifreeze Centre and David Perrin Centre at 37 Portland Road.

The Capital appeal was established to raise funds for the purchase of a building to house the Antifreeze Centre. The acquisition of 37 Portland Road for this purpose was completed in January 2013.

21 | P a g e

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

STATEMENT OF FUNDS (continued)

Prior year
Unrestricted funds:
General funds
Restricted funds:
Antifreeze
Gateway
Schools and youth
Ministry
Building refurbishment
Capital appeal
Total funds		 Balance at
Incoming
Resources
Transfers
Balance at
1 Apr 2019
resources
expended
in/out
31 Mat 2020
£
£
£
£
£
561,751
330,580
(198,320)
(177,973)
516,038
126,962
179,452
(189,458)
116,956
-
49,476
(87,498)
38,022
-
-
27,874
(108,394)
80,520
-
-
13,382
(72,813)
59,431
-
3,395
(2,836)
559
276,561
(6,286)
270,275
406,918
270,184
(467,285)
177,973
387,790
968,669
600,764
(665,605)
-
903,828

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Current year
Fixed assets
Current assets
Creditors due within one year
Prior year
Fixed assets
Current assets
Creditors due within one year		 Unrestricted
Restricted
Total
funds
funds
funds
2021
2021
2021
£
£
£
453,133
273,797
726,930
215,920
379,762
595,682
(8,798)
(258,774)
(267,572)
660,255
394,785
1,055,040
Unrestricted
Restricted
Total
funds
funds
funds
2020
2020
2020
£
£
£
455,993
287,759
743,752
68,391
100,031
168,422
(8,336)
-
(8,336)
516,048
387,790
903,838

22 | P a g e

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

17. PENSION COMMITMENTS

The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £30,608 (2020 - £31,231). Contributions totalling £53 were payable to the fund at the balance sheet date and are included in creditors (2020 - £68).

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