**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**
- The values agreed by the Off the Fence team and the underpinning to our day-to-day decision making are: • Compassion
- Excellence
- Integrity
- Unity
- Christ-like
- 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.
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**
- The charity is organized into four frontline projects as well as the core infrastructure:
- Antifreeze - working directly with rough sleepers on the streets of Brighton & Hove, providing advice and support both at the day centre and through night outreach incorporating Hygiene 4 All which provides mobile hygiene services for rough sleepers to include laundry, showers & supplies.
- Schools & Youth - supporting schools with lunch clubs, classroom work, pastoral care, inclusion projects, PSHE classes and prayer spaces.
- Gateway - advice, befriending and networking service for women.
- Ministry - a Christian ministry, with training and a support service.
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
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:
- so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and
- that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information.
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:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2022 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **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:
- the information given in the Trustees' report is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **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).
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