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2022-03-31-accounts

Registered number: 5300691 Charity number: 1108777

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its Trustees and advisers 1
Trustees' report 2 - 7
Independent auditors' report on the financial statements 8 - 11
Statement of financial activities 12
Balance sheet 13
Statement of cash flows 14
Notes to the financial statements 15 - 32

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022

Trustees

Mr Graham Hollebon, Chairman Mr David Goldin (resigned 7 September 2021) Mr Greg Peacock Mrs Kathleen Price Mr Gerhard Schulz, Treasurer Mrs Jean Cooke Mr Matthew Weir Mrs Hannah Lancaster Mr Max Mkandawire (appointed 7 September 2021)

Company registered number

5300691

Charity registered number

1108777

Registered office

37 Portland Road Hove BN3 5DQ

Company secretary

Gerhard Schulz

Chief executive officer

Paul Young

Independent auditors

Baldwin Scofield Limited 3 Newhouse Business Centre Old Crawley Road Horsham West Sussex RH12 4RU

Bankers

HSBC Bank plc 153 North Street Brighton East Sussex BN1 1SW

Patrons

Dr Rodney Queen, Peter Kyle MP, Cllr Dee Simpson, Michael Chowen, Maureen Chowen, Bruno Salter, George Verwer, Graham and Rachel Potter, Claire Martin OBE

Page 1

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

The Trustees present their annual report together with the audited financial statements of the Off The Fence Trust Limited for the 1 April 2021 to 31 March 2022. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

Policies and objectives

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

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Page 2

OFF THE FENCE TRUST LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Objectives and activities (continued)

Activities undertaken to achieve objectives

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.

Achievements and performance

Review of activities

This year we celebrate 25 years of service to the City of Brighton and Hove.

What a Journey! Wendy and I started the Charity with negligible resources and yet today it’s hard to imagine Brighton and Hove without the services of this Charity. Each year we extend our help to more people, more issues and more needs in the City.

You will note when reading through our accounts that, at a first glance, we have recorded a gross increase in revenues. This, in large part, is due to the capital campaign to raise over half a million pounds. At the height of the pandemic, The Gateway Women’s Centre landlord decided to sell the building. After consultation with our supporters (and a lot of prayer), we took the decision to buy the building and at the same time expand our facilities and, in turn, reduce the 6 month waiting list.

Purchasing Gateway, with the £500,000 raised, doubled its capacity.

Our operational budget for the year was £720,000 and we we raised close to £650,000. Reserves and careful planning meant that expenditure was reduced and our timeline for project growth de-accelerated slightly.

It’s worth briefly covering the reasons for this more challenging financial year. Many of our major givers had already contributed over and above their capital surpluses to fund our Gateway acquisition. Our gross total for the year was over £1 million, the highest in our history. Covid continued to have an impact on our events Calendar; a combination of socio-economic factors led to a bear stock market and investors (including trusts and foundations) will tend to sit on cash until the trend reverses. The Russo-Ukrainian conflict has re-directed many individuals’ charity giving towards refugee relief - and the threat of an imminent cost of living crisis has reinforced donor caution. To summarise, undoubtedly there was an internal shift of some of our income into the Gateway project but overall, our income generation held up well in very difficult circumstances. We anticipate this trend will continue this year so our supporters commitment and generosity will once again be key to our operation.

Page 3

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Achievements and performance (continued)

This coming financial year we have set the operational budget at £750,000. This has been done in the context of events returning to schedule, our 25th Anniversary attracting a raft of new corporate supporters (11 active businesses since January), and being appointed as one of the Major’s charities yet again, we have strengthened our income generation team to cope with this increase in activity.

The financial review illustrates that we have achieved another productive, well-structured year under difficult circumstances. The Charity remained frontline and effective throughout the pandemic, busier with each lockdown and has adapted to become more fit for purpose, while keeping our staff and clients protected from Covid.

We have been at the heart of the City for the last 25 years, making Brighton and Hove a better, safer place to live. The last four Mayors (across the three main parties) have asked us to be their chosen charity; we have eight high profile, well respected, active Patrons that during the year raised directly or indirectly over £40,000 for the charity. To cap it all, the Brighton & Hove Albion players chose Off The Fence and Paul Young in May as their Inspirational Team of the Year.

Information on fundraising practices

The charity conducts its own fundraising directly and is not aware of any fundraising carried out on it's behalf by anyone else. It is registered with the Fundraising Regulator (an independent regulator that sets, revises and enforces the code in consultation with the public, fundraising stakeholders and other regulators) and complies with it’s standards. The charity has received no complaints about fundraising activities and takes care to protect vulnerable people from intrusive or persistent or pressured fundraising activity.

Financial review

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. Further details regarding the adoption of the going concern basis can be found in the accounting policies note.

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 £62,500 per month, with a three month reserve being £187,500.

Page 4

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Principal funding

The charity received total income of £1,161,947 (2021 - £815,634) which included Gifts in kind amounting to £9,825 (2021 - £11,206).

As you will notice, OTF had a steady year in finance, we have planned that for the new financial year the charity will remain strong as we have set out a realistic but far impacting budget. We had carefully planned at the beginning of the year to have higher reserves for the financial year as we were aware that the charity is growing in size and needs more long term stability. This year’s budget is ambitious but in line with our five year business plan.

Investment continues to be made in Fundraising and Core in order to keep up with demand on the projects and to ensure Off The Fence continues as a well-run and stable charity. The number of clients visiting our services has continued to increase during the course of the year. We forecast that even in this time of uncertainty with careful planning we will be able to give this City even better long-term services.

Structure, governance and management

Constitution

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 and decision-making policies

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).

Page 5

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Plans for future periods

Looking towards the future, we hope (with your help) to increase our staffing levels in order to meet the unfortunate rise in demand for our services. The Gateway Centre will be fully developed, the Schools and Youth team remain active and creative in the way they support schools, and Antifreeze has had in-house laundry and shower facilities installed.

Through Brexit, Covid, Ukraine, economic stagnation and worse, we have sought to repair the social and economic imbalance evident in disadvantaged parts of our community.

We don’t expect either central or local government in the near future to have the additional resources necessary to contain the problem of rough sleeping. With so many people losing their jobs and homes, our services become ever more critical tor the social fabric of our community.

In this anniversary year, our priority more than ever before, is to enable our clients to become fully functioning members of our community.

We may remain a medium sized charity, but with the additional passion and commitment contributed by every member of our team, we can use our budget of £750,000 to achieve life changing outcomes for our clients – as we have done for the last quarter of a century.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the company for the purposes of company law) 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 Practice).

Company law requires the Trustees to prepare financial statements for each financial . 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 company and of its incoming resources and application of resources, including its income and expenditure, 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 company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Page 6

OFF THE FENCE TRUST LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Auditors

The auditors, Baldwin Scofield Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees on 20 August 2022 and signed on their behalf by:

Mr Graham Hollebon

Page 7

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF OFF THE FENCE TRUST LIMITED

Opinion

We have audited the financial statements of Off The Fence Trust Limited (the 'charitable company') for the year ended 31 March 2022 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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 with respect to going concern are described in the relevant sections of this report.

Page 8

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF OFF THE FENCE TRUST LIMITED (CONTINUED)

Other information

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

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 9

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF OFF THE FENCE TRUST LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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

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

We obtained an understanding of the legal and regulatory frameworks that are applicable to the charitable company and determined that the most significant are those that relate to the reporting framework in conformity with the requirements of the Companies Act 2006 and Charities Act 2011 and the relevant direct and indirect tax compliance regulations in the United Kingdom.

We understood how the charitable company is complying with those frameworks by making enquiries of management to understand how the charitable company maintains and communicates its policies and procedures in these areas and corroborated this by reviewing supporting documentation and minutes of meetings of those charged with governance.

We assessed the susceptibility of the charity’s financial statements to material misstatement, including how fraud might occur by considering the risk of management override to be a fraud risk. In addition, we considered the risk of management override by sampling from the entire population of journals, identifying specific transactions which did not meet our expectations based on specific criteria and investigated these to gain an understanding and then agree back to source documentation.

Based on this understanding we designed our audit procedures to identify noncompliance with such laws and regulations. Our procedures involved verifying that material transactions were recorded in compliance with Financial Reporting Standards in conformity with the requirements of the Companies Act 2006 and Charities Act 2011.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 10

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF OFF THE FENCE TRUST LIMITED (CONTINUED)

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Baldwin Scofield Limited

3 Newhouse Business Centre Old Crawley Road Horsham West Sussex RH12 4RU 20 August 2022

Baldwin Scofield Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 11

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net income
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2022
£
763,788
-
74,427
-
838,215
-
481,916
481,916
356,299
209,875
566,174
394,785
566,174
960,959		 Unrestricted
funds
2022
£
270,398
28,189
25,005
140
323,732
119,525
119,018
238,543
85,189
(209,875)
(124,686)
660,253
(124,686)
535,567		 Total
funds
2022
£
1,034,186
28,189
99,432
140
1,161,947
119,525
600,934
720,459
441,488
-
441,488
1,055,038
441,488
1,496,526		 Total
funds
2021
£
707,551
16,090
91,559
434
815,634
93,273
571,149
664,422
151,212
-
151,212
903,826
151,212
1,055,038

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 15 to 32 form part of these financial statements.

Page 12

OFF THE FENCE TRUST LIMITED (A company limited by guarantee) REGISTERED NUMBER: 5300691

BALANCE SHEET AS AT 31 MARCH 2022

Note
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
16
Unrestricted funds
16
Total funds		 7,768
513,028
520,796
(12,609)		 2022
£
988,339
508,187
1,496,526
1,496,526
960,959
535,567
1,496,526		 6,999
588,681
595,680
(267,572)		 2021
£
726,930
328,108
1,055,038
1,055,038
394,785
660,253
1,055,038

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 144 of the Charities Act 2011.

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

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 20 August 2022 and signed on their behalf by:

Mr Graham Hollebon

The notes on pages 15 to 32 form part of these financial statements.

Page 13

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 15 to 32 form part of these financial statements		 2022
£
216,663
140
(292,456)
(292,316)
-
(75,653)
588,681
513,028		 2021
£
443,305
434
(15,221)
(14,787)
-
428,518
160,163
588,681

Page 14

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. General information

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.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

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.

2.2 Income

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

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

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.

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

2.3 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 non-charitable 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.

Page 15

OFF THE FENCE TRUST LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.3 Expenditure (continued)

All expenditure is inclusive of irrecoverable VAT.

2.4 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.

2.5 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 institution with whom the funds are deposited.

2.6 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 - over the period of the lease
Plant and machinery - 25% straight line
Fixtures and fittings - 25% straight line
Computer equipment - 33% straight line

2.7 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.

2.8 Cash at bank and in hand

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

Page 16

OFF THE FENCE TRUST LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.9 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.

2.10 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.

2.11 Pensions

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

2.12 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.

Investment income, gains and losses are allocated to the appropriate fund.

Page 17

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

3. Income from donations and legacies

Donations
Grants
Government grants
Similar incoming resources
Donations
Grants
Government grants
Similar incoming resources		 Restricted
funds
2022
Unrestricted
funds
2022
£
£
579,502
190,427
172,868
66,560
10,744
12,000
674
1,411
763,788
270,398
Restricted
funds
2021
Unrestricted
funds
2021
£
£
40,267
169,517
181,341
164,820
123,091
-
50
28,465
344,749
362,802		 Total
funds
2022
£
769,929
239,428
22,744
2,085
1,034,186
Total
funds
2021
£
209,784
346,161
123,091
28,515
707,551
4.
Income from charitable activities
Unrestricted
funds
2022
£
Rental income
28,189
Unrestricted
funds
2021
£
Rental income
16,090		 Total
funds
2022
£
28,189
Total
funds
2021
£
16,090

Page 18

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

5. Income from other trading activities

Income from fundraising events

Sponsored events
Insurance claim
Sponsored events
Functions
6.
Investment income
Bank interest
Bank interest		 Restricted
funds
2022
Unrestricted
funds
2022
£
£
74,427
23,445
-
1,560
74,427
25,005
Restricted
funds
2021
Unrestricted
funds
2021
£
£
10,993
77,107
-
3,459
10,993
80,566
Unrestricted
funds
2022
£
140
Unrestricted
funds
2021
£
434		 Total
funds
2022
£
97,872
1,560
99,432
Total
funds
2021
£
88,100
3,459
91,559
Total
funds
2022
£
140
Total
funds
2021
£
434

Page 19

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

7. Expenditure on raising funds

Costs of raising voluntary income

Unrestricted
funds
2022
£
Other fundraising costs
29,192
Fundraising staff costs
90,333
119,525
Unrestricted
funds
2021
£
Other fundraising costs
15,327
Fundraising staff costs
77,946
93,273		 Total
funds
2022
£
29,192
90,333
119,525
Total
funds
2021
£
15,327
77,946
93,273

Page 20

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

8. Analysis of expenditure on charitable activities

Summary by fund type

Schools & Youth
Ministry
Gateway
Antifreeze
Capital appeal
Support costs
Schools & Youth
Ministry
Gateway
Antifreeze
Capital appeal
Support costs		 Restricted
funds
2022
Unrestricted
funds
2022
£
£
112,273
-
75,129
-
103,919
-
154,695
-
35,900
-
-
119,018
481,916
119,018
Restricted
funds
2021
Unrestricted
funds
2021
£
£
97,145
-
73,899
-
98,051
-
201,013
-
6,286
-
2,836
91,919
479,230
91,919		 Total
funds
2022
£
112,273
75,129
103,919
154,695
35,900
119,018
600,934
Total
funds
2021
£
97,145
73,899
98,051
201,013
6,286
94,755
571,149

Page 21

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

9. Analysis of expenditure by activities

Schools & Youth
Ministry
Gateway
Antifreeze
Capital appeal
Support costs
Schools & Youth
Ministry
Gateway
Antifreeze
Ministry
Support costs		 Activities
undertaken
directly
2022
£
112,273
75,129
103,919
116,295
35,900
-
443,516
Activities
undertaken
directly
2021
£
97,145
73,899
98,051
156,123
6,286
-
431,504		 Support
costs
2022
£
-
-
-
38,400
-
119,018
157,418
Support
costs
2021
£
-
-
-
44,890
-
94,755
139,645		 Total
funds
2022
£
112,273
75,129
103,919
154,695
35,900
119,018
600,934
Total
funds
2021
£
97,145
73,899
98,051
201,013
6,286
94,755
571,149

Page 22

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

9. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Depreciation
Professional fees
Insurance
Rent and service charge
Electricity and gas
Travel costs
Exhibition and conferences
Sundry expenses
Printing, stationery and postage
Computer costs
Repairs and renewals
Outreach costs		 Schools &
Youth
2022
£
95,387
1,085
128
-
4,957
1,371
769
-
302
2,173
539
4,925
637
112,273		 Ministry
2022
£
73,123
-
-
-
-
68
524
-
159
234
-
1,021
-
75,129		 Gateway
2022
£
90,809
865
134
1,029
2,138
-
863
23
194
1,338
-
3,189
3,337
103,919		 Antifreeze
2022
£
79,470
3,379
252
1,007
2,948
2,065
4,828
-
1,567
1,220
-
6,158
13,401
116,295

Page 23

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

9. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

Staff costs
Depreciation
Professional fees
Insurance
Rent and service charge
Electricity and gas
Travel costs
Exhibition and conferences
Sundry expenses
Printing, stationery and postage
Computer costs
Repairs and renewals
Outreach costs
Staff costs
Depreciation
Professional fees
Insurance
Rent and service charge
Electricity and gas
Travel costs
Exhibition and conferences
Sundry expenses
Printing, stationery and postage
Computer costs
Repairs and renewals
Outreach costs		 Schools &
Youth
2021
£
84,199
-
52
-
4,800
1,202
224
-
1,527
1,767
475
2,352
547
97,145		 Ministry
2021
£
72,671
-
-
-
-
71
717
-
82
2
-
356
-
73,899		 Capital
appeal
2022
£
-
13,677
18,120
-
-
-
-
-
-
-
-
4,103
-
35,900
Gateway
2021
£
81,221
-
-
165
1,910
-
1,080
26
1,012
2,140
-
8,090
2,407
98,051		 Total
funds
2022
£
338,789
19,006
18,634
2,036
10,043
3,504
6,984
23
2,222
4,965
539
19,396
17,375
443,516
Antifreeze
2021
£
105,780
6,866
-
876
2,948
1,914
6,016
-
12,405
1,999
120
3,459
13,740
156,123

Page 24

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

9. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

Staff costs
Depreciation
Professional fees
Insurance
Rent and service charge
Electricity and gas
Travel costs
Exhibition and conferences
Sundry expenses
Printing, stationery and postage
Computer costs
Repairs and renewals
Outreach costs		 Capital
appeal
2021
£
-
6,286
-
-
-
-
-
-
-
-
-
-
-
6,286		 Total
funds
2021
£
343,871
13,152
52
1,041
9,658
3,187
8,037
26
15,026
5,908
595
14,257
16,694
431,504

Page 25

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

9. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Depreciation
Meetings and events
Professional fees
Insurance
Rates and water
Electricity and gas
Subscriptions
Sundry expenses
Printing, stationery and postage
Telephone
Computer costs
Equipment
Repairs and renewals
Advertising
Bank charges
Audit/Independent examination fees
Auditors' remuneration
Fees payable to the company's auditor for the audit of the company's
annual accounts		 Total
funds
2022
£
91,267
12,041
2,120
7,954
6,514
6,022
6,111
1,590
525
2,958
2,206
908
405
7,130
675
4,532
4,460
157,418
2022
£
4,460		 Total
funds
2021
£
89,749
5,636
321
6,949
7,173
5,756
5,675
809
351
3,534
2,459
2,400
430
3,237
75
3,771
1,320
139,645
2021
£
-

10. Auditors' remuneration

Page 26

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

11. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2022
£
456,919
30,989
32,481
520,389		 2021
£
451,362
29,596
30,608
511,566

The average number of persons employed by the company during the year was as follows:

Administration and management
Charitable activities		 2022
No.
6
23
29		 2021
No.
6
19
25

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

Key management personnel are considered to be the Chief Excecutive Officer and his wife. Their remuneration in the current year amounts to £61,710 (2021 - £61,586).

12. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2021 - £NIL) .

During the year ended 31 March 2022, no Trustee expenses have been incurred (2021 - £NIL) .

Page 27

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

13. Tangible fixed assets

Cost or valuation
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Freehold
property
£
782,107
265,000
1,047,107
74,317
16,392
90,709
956,398
707,790		 Short-term
leasehold
property
£
55,756
25,816
81,572
52,065
3,794
55,859
25,713
3,691		 Plant and
machinery
£
57,924
-
57,924
53,278
3,270
56,548
1,376
4,646		 Fixtures
and fittings
£
17,039
-
17,039
17,039
-
17,039
-
-		 Computer
equipment
£
46,815
1,640
48,455
36,012
7,591
43,603
4,852
10,803		 Total
£
959,641
292,456
1,252,097
232,711
31,047
263,758
988,339
726,930

14. Debtors

Due within one year
Other debtors
Prepayments and accrued income		 2022
£
-
7,768
7,768		 2021
£
2,474
4,525
6,999

15. Creditors: Amounts falling due within one year

Other taxation and social security
Accruals and deferred income		 2022
£
8,109
4,500
12,609		 2021
£
7,798
259,774
267,572

Page 28

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

16. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds
Restricted funds
Schools and youth
Ministry
Gateway
Antifreeze
Capital appeal 2014
Capital appeal 2021
Total of funds		 Balance at 1
April 2021
£
660,253
-
-
-
130,796
263,989
-
394,785
1,055,038		 Income
£
323,732
22,545
22,886
43,406
235,686
-
513,692
838,215
1,161,947		 Expenditure
£
(238,543)
(112,273)
(75,129)
(103,919)
(154,695)
(6,286)
(29,614)
(481,916)
(720,459)		 Transfers
in/out
£
(209,875)
89,728
52,243
67,904
-
-
-
209,875
-		 Balance at
31 March
2022
£
535,567
-
-
7,391
211,787
257,703
484,078
960,959
1,496,526

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. A 2021 appeal was launched to raise funds for the purchase of the Gateway Women's Centre.

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

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 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 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.

Page 29

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

16. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds
Restricted funds
Schools and youth
Ministry
Gateway
Antifreeze
Building refurbishment
Capital appeal 2014
Total of funds		 Balance at
1 April 2020
£
516,038
-
-
-
116,956
559
270,275
387,790
903,828		 Income
£
459,891
46,400
14,067
87,288
207,987
-
-
355,742
815,633		 Expenditure
£
(194,315)
(97,144)
(73,899)
(98,051)
(194,147)
(581)
(6,286)
(470,108)
(664,423)		 Transfers
in/out
£
(121,361)
50,744
59,832
10,763
-
22
-
121,361
-		 Balance at
31 March
2021
£
660,253
-
-
-
130,796
-
263,989
394,785
1,055,038

17. Summary of funds Summary of funds - current year

General funds
Restricted funds		 Balance at 1
April 2021
£
660,253
394,785
1,055,038		 Income
£
323,732
838,215
1,161,947		 Expenditure
£
(238,543)
(481,916)
(720,459)		 Transfers
in/out
£
(209,875)
209,875
-		 Balance at
31 March
2022
£
535,567
960,959
1,496,526

Page 30

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

17. Summary of funds (continued)

Summary of funds - prior year

General funds
Restricted funds		 Balance at
1 April 2020
£
516,038
387,790
903,828		 Income
£
459,891
355,742
815,633		 Expenditure
£
(194,315)
(470,108)
(664,423)		 Transfers
in/out
£
(121,361)
121,361
-		 Balance at
31 March
2021
£
660,253
394,785
1,055,038

18. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2022
Unrestricted
funds
2022
£
£
540,686
447,653
420,273
100,523
-
(12,609)
960,959
535,567		 Total
funds
2022
£
988,339
520,796
(12,609)
1,496,526

19. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities		 2022
£
441,488
31,047
(140)
(769)
(254,963)
216,663		 2021
£
151,212
32,043
(434)
1,250
259,234
443,305

Page 31

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

20. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 2022
£
513,028
513,028		 2021
£
588,681
588,681

21. Analysis of changes in net debt

Cash at bank and in hand At 1 April
2021
£
588,681
588,681		 Cash flows
£
(75,653)
(75,653)		 At 31 March
2022
£
513,028
513,028

22. Pension commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £32,481 (2021 - £30,608). £492 was payable to the fund at the balance sheet date and is included in creditors (2021 - £53).

Page 32