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2023-03-31-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 2023

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 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Statement of cash flows 10
Notes to the financial statements 11 - 28

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 2023

Trustees

Mr Graham Hollebon, Chairman Mr Greg Peacock Mr Gerhard Schulz, Treasurer Mrs Jean Cooke Mr Matthew Weir Mrs Hannah Lancaster Mr Max Mkandawire Mrs Rebecca Du Preez (appointed 19 April 2022)

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

Accountants

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 2023

The Trustees present their annual report together with the financial statements of the Off The Fence Trust Limited for the 1 April 2022 to 31 March 2023. 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 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 2023

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

In June we celebrated 25 years of service to the City of Brighton and Hove. The charity has grown enormously since those early days when Paul and Wendy began the work of OTF and this year has been one where we have particularly aware of Gods blessings on our endeavours.

Our income of £750k includes the balance of our capital appeal to purchase, refurbish and extend the Gateway Women’s Centre which opened late last year and is already proving a valuable resource in our work with the most disadvantaged women in the City.

Fundraising remains a challenge in the difficult economic climate and we are very grateful for the continued support of all our funders. We are refining our fundraising capability on a continual basis as well as maintaining close control of our expenses which enables us to remain debt free and with the benefit of three properties that we own outright.

We have set an income budget of £714k for 2023/24 which we believe will be challenging but within our reach. We are also in the process of selling one our properties and expect this to complete early in the new financial year. This will provide us with funds to acquire additional properties to support our client facing work plus provide a reasonable level of reserves as we prepare for some major changes in the leadership of the charity later this year.

The financial review illustrates that we have achieved another productive, well-structured year under difficult circumstances and we remain at the heart of the City, as we have been for the last 25 years, making Brighton and Hove a better, safer place to live.

Page 3

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

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) is to set aside up to six months running costs. 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 six months reserve being £375,000.

Principal funding

The charity received total income of £749,503 (2022- £1,161,947) which included Gifts in kind amounting to £14,089 (2022 - £9,825).

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.

Page 4

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Structure, governance and management (continued)

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).

Plans for future periods

The coming year will be one of major change for the charity. Paul and Wendy will be retiring, and we are actively recruiting a new CEO who we hope will take up their position towards the end of 2023. In the meantime we have increased the staffing levels available to our client facing projects to reflect the ever increasing demand for their services. We are also exploring opportunities to acquire additional properties which would include providing a home for our core team which would then free up the whole of 37 Portland Road for our Anti-Freeze project.

Page 5

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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.

Approved by order of the members of the board of Trustees on 20 June 2023 and signed on their behalf by:

Mr Graham Hollebon

Page 6

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

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023

Independent examiner's report to the Trustees of Off The Fence Trust Limited ('the company')

I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2023.

Responsibilities and basis of report

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

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

Independent examiner's statement

Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of (enter body here), which is one of the listed bodies.

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

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

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

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

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

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

This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.

Signed:

Signed: Dated: 20 June 2023 Nicholas M Baldwin BA(Econ) FCA DChA

Baldwin Scofield Limited

Page 7

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 2023

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 (expenditure)/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
2023
£
290,564
-
87,670
-
378,234
-
480,893
480,893
(102,659)
171,749
69,090
960,959
69,090
1,030,049		 Unrestricted
funds
2023
£
291,193
20,289
59,209
578
371,269
131,688
123,952
255,640
115,629
(171,749)
(56,120)
535,567
(56,120)
479,447		 Total
funds
2023
£
581,757
20,289
146,879
578
749,503
131,688
604,845
736,533
12,970
-
12,970
1,496,526
12,970
1,509,496		 Total
funds
2022
£
1,034,186
28,189
99,432
140
1,161,947
119,926
600,533
720,459
441,488
-
441,488
1,055,038
441,488
1,496,526

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

The notes on pages 11 to 28 form part of these financial statements.

Page 8

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

BALANCE SHEET AS AT 31 MARCH 2023

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		 3,709
274,001
277,710
(16,856)		 2023
£
1,248,642
260,854
1,509,496
1,509,496
1,030,049
479,447
1,509,496		 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

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

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

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 June 2023 and signed on their behalf by:

Mr Graham Hollebon

The notes on pages 11 to 28 form part of these financial statements.

Page 9

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

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 11 to 28 form part of these financial statements		 2023
£
54,146
578
(293,751)
(293,173)
-
(239,027)
513,028
274,001		 2022
£
216,663
140
(292,456)
(292,316)
-
(75,653)
588,681
513,028

Page 10

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the company, can be reliably measured.

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.

Page 11

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

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.

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.

Page 12

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

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.

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 13

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

3. Income from donations and legacies

Donations
Legacies
Grants
Similar incoming resources
Donations
Grants
Government grants
Similar incoming resources		 Restricted
funds
2023
Unrestricted
funds
2023
£
£
112,100
187,193
-
10,000
178,464
93,760
-
240
290,564
291,193
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		 Total
funds
2023
£
299,293
10,000
272,224
240
581,757
Total
funds
2022
£
769,929
239,428
22,744
2,085
1,034,186

4. Income from charitable activities

Unrestricted
funds
2023
£
Rental income
20,289
Unrestricted
funds
2022
£
Rental income
28,189		 Total
funds
2023
£
20,289
Total
funds
2022
£
28,189

Page 14

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

5. Income from other trading activities

Income from fundraising events

Sponsored events
Sales of items
Sponsored events
Insurance claim
6.
Investment income
Bank interest
Bank interest		 Restricted
funds
2023
Unrestricted
funds
2023
£
£
87,670
57,864
-
1,345
87,670
59,209
Restricted
funds
2022
Unrestricted
funds
2022
£
£
74,427
23,445
-
1,560
74,427
25,005
Unrestricted
funds
2023
£
578
Unrestricted
funds
2022
£
140		 Total
funds
2023
£
145,534
1,345
146,879
Total
funds
2022
£
97,872
1,560
99,432
Total
funds
2023
£
578
Total
funds
2022
£
140

Page 15

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

7. Expenditure on raising funds

Costs of raising voluntary income

Unrestricted
funds
2023
£
Other fundraising costs
35,822
Fundraising staff costs
84,272
Fundraising staff costs - NI
5,757
Fundrasing staff costs - pension contributions
5,837
131,688
Unrestricted
funds
2022
£
Other fundraising costs
29,593
Fundraising staff costs
90,333
119,926		 Total
funds
2023
£
35,822
84,272
5,757
5,837
131,688
Total
funds
2022
£
29,593
90,333
119,926

Page 16

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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
2023
Unrestricted
funds
2023
£
£
117,191
-
76,239
-
109,602
-
149,437
-
28,424
-
-
123,952
480,893
123,952
Restricted
funds
2022
Unrestricted
funds
2022
£
£
112,273
-
75,129
-
103,919
-
154,695
-
35,900
-
-
118,617
481,916
118,617		 Total
2023
£
117,191
76,239
109,602
149,437
28,424
123,952
604,845
Total
2022
£
112,273
75,129
103,919
154,695
35,900
118,617
600,533

Page 17

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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
2023
£
117,191
76,239
109,602
114,269
28,424
-
445,725
Activities
undertaken
directly
2022
£
112,273
75,129
103,919
116,295
35,900
-
443,516		 Support
costs
2023
£
-
-
-
35,168
-
123,952
159,120
Support
costs
2022
£
-
-
-
38,400
-
118,617
157,017		 Total
funds
2023
£
117,191
76,239
109,602
149,437
28,424
123,952
604,845
Total
funds
2022
£
112,273
75,129
103,919
154,695
35,900
118,617
600,533

Page 18

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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
2023
£
101,769
1,084
62
-
5,382
1,344
948
-
579
2,079
325
2,466
1,153
117,191		 Ministry
2023
£
74,847
-
-
-
-
61
511
-
282
17
-
521
-
76,239		 Gateway
2023
£
93,169
447
50
1,193
770
3,045
1,397
225
338
1,604
642
2,687
4,035
109,602		 Antifreeze
2023
£
76,544
2,973
348
311
707
2,024
2,516
-
1,831
2,273
612
3,854
20,276
114,269

Page 19

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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
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		 Capital
appeal
2023
£
-
12,970
9,434
-
-
-
-
-
-
-
-
6,020
-
28,424
Gateway
2022
£
90,809
865
134
1,029
2,138
-
863
23
194
1,338
-
3,189
3,337
103,919		 Total
funds
2023
£
346,329
17,474
9,894
1,504
6,859
6,474
5,372
225
3,030
5,973
1,579
15,548
25,464
445,725
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 20

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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
2022
£
-
13,677
18,120
-
-
-
-
-
-
-
-
4,103
-
35,900		 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

Page 21

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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		 Total
funds
2023
£
90,683
15,974
6,954
7,029
6,636
7,209
5,911
2,147
659
1,438
1,922
5,472
51
1,581
-
4,254
1,200
159,120		 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
4
7,130
675
4,532
4,460
157,017

10.

Independent examiner's remuneration

2023 2022
£ £
Fees payable to the company's independent examiner for the independent
examination of the company's annual accounts 1,200 4,460

Page 22

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

11. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2023
£
468,431
32,000
32,447
532,878		 2022
£
456,919
30,989
32,481
520,389

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

Administration and management
Charitable activities		 2023
No.
6
23
29		 2022
No.
6
23
29

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 £62,950 (2022- £61,710).

12. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .

During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL) .

Page 23

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

13. Tangible fixed assets

Freehold
property
Short-term
leasehold
property
£
£
Cost or valuation
At 1 April 2022
1,047,107
81,572
Additions
278,939
7,012
At 31 March 2023
1,326,046
88,584
Depreciation
At 1 April 2022
90,709
55,859
Charge for the year
21,971
4,307
At 31 March 2023
112,680
60,166
Net book value
At 31 March 2023
1,213,366
28,418
At 31 March 2022
956,398
25,713
14.
Debtors
Due within one year
Prepayments and accrued income
15.
Creditors: Amounts falling due within one year
Other taxation and social security
Accruals and deferred income		 Plant and
machinery
£
57,924
7,800
65,724
56,548
2,864
59,412
6,312
1,376		 Fixtures
and fittings
£
17,039
-
17,039
17,039
-
17,039
-
-		 Fixtures
and fittings
£
17,039
-
17,039
17,039
-
17,039
-
-		 Computer
equipment
£
48,455
-
48,455
43,603
4,306
47,909
546
4,852
2023
£
3,709
3,709
2023
£
8,683
8,173
16,856		 Total
£
1,252,097
293,751
17,039 1,545,848
17,039
-		 263,758
33,448
17,039 297,206
- 1,248,642
- 988,339
2022
£
7,768
7,768
2022
£
8,109
4,500
12,609

Page 24

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 2022
£
535,567
-
-
7,391
211,787
257,703
484,078
960,959
1,496,526		 Income
£
371,269
30,146
35,080
58,665
182,042
-
72,301
378,234
749,503		 Expenditure
£
(255,640)
(117,190)
(76,239)
(109,602)
(149,439)
-
(28,423)
(480,893)
(736,533)		 Transfers
in/out
£
(171,749)
87,044
41,159
43,546
-
-
-
171,749
-		 Balance at
31 March
2023
£
479,447
-
-
-
244,390
257,703
527,956
1,030,049
1,509,496

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 25

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

16. Statement of funds (continued)

Statement of funds - prior 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

17. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
April 2022
£
535,567
960,959
1,496,526		 Income
£
371,269
378,234
749,503		 Expenditure
£
(255,640)
(480,893)
(736,533)		 Transfers
in/out
£
(171,749)
171,749
-		 Balance at
31 March
2023
£
479,447
1,030,049
1,509,496

Page 26

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

17. Summary of funds (continued)

Summary of funds - prior 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

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
2023
Unrestricted
funds
2023
£
£
803,666
444,976
226,383
51,327
-
(16,856)
1,030,049
479,447		 Total
funds
2023
£
1,248,642
277,710
(16,856)
1,509,496

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		 2023
£
12,970
33,448
(578)
4,059
4,247
54,146		 2022
£
441,488
31,047
(140)
(769)
(254,963)
216,663

Page 27

OFF THE FENCE TRUST LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

20. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 2023
£
274,001
274,001		 2022
£
513,028
513,028

21. Analysis of changes in net debt

Cash at bank and in hand At 1 April
2022
£
513,028
513,028		 Cash flows
£
(239,027)
(239,027)		 At 31 March
2023
£
274,001
274,001

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 £32,447 (2021 - £32,481). £919 was payable to the fund at the balance sheet date and is included in creditors (2022 - £492).

Page 28