**Charity Registration No. 1116773**
**Company Registration No. 05822301 (England and Wales)**
## **HALOW PROJECT**
**ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **HALOW PROJECT**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr J Stevens||
|---|---|---|
||Mr M Day||
||Ms S Hill||
||Mr M McArthur||
||Mr R Meins||
||Mr T Oliver||
||Mr C Evans||
|**Secretary**|Mr R Meins||
|**Non-statutory Director**|Mr G O'Connor|Director of halow project services|
|**Charity number**|1116773||
|**Company number**|05822301||
|**Registered office**|Carroll House||
||11 Quarry Street||
||Guildford||
||Surrey||
||United Kingdom||
||GU1 3UY||
|**Auditor**|Azets Audit Services||
||Ashcombe Court||
||Woolsack Way||
||Godalming||
||Surrey||
||United Kingdom||
||GU7 1LQ||
## **HALOW PROJECT**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|1 - 11|
|Independent auditor's report|12 - 14|
|Statement of financial activities|15 - 16|
|Balance sheet|17|
|Statement of cash flows|18|
|Notes to the financial statements|19 - 35|
## **HALOW PROJECT**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
The Trustees present their report and financial statements for the year ended 31 March 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 1 to the financial statements and comply with the charity's memorandum and articles of association, the Companies Act 2006 and "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)".
## **Objectives and activities**
The principal activity of the charity in the year under review was to provide benefit to young people with learning disability in Surrey and the surrounds.
**halow project** is a registered charity dedicated to creating opportunities and supporting young people aged 16+ with a learning disability so that they are able to live independent, meaningful, fulfilled lives and become more involved in their local community.
The young people we work with want the opportunity to:
- Build relationships
- Become part of the community
- Find meaningful employment
- Have a home of their own
**halow project** provides access to social activities, community-based learning and work-like experiences funded through a mixed model of fees, fundraising and enterprise.
From April 2021 to March 2022, **halow project** supported 169 individuals across our services, with many young people using several services:
- Social Activities (127)
- A Reason to Get Up (42)
- Building Futures (40)
- Buddy Service (37)
- Supported Living (11)
In total, **halow project** delivered 5,430 hours of social and learning activities over the year to 141 individuals and flexibly provided 32,165 hours of care to 50 individuals in their homes and/ or communities. Delivery across the organisation has increased.
- 1 -
## **HALOW PROJECT**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **halow Project Business Priorities for 2021-22**
Despite good results in 2020-21, especially with the impact of COVID-19 on charities, we maintained the belief that there are still many more young people with learning disabilities who could benefit from **halow’s** unique blend of services and support. The Trustees and Senior Leadership Team remained committed to grow **halow’s** reach and impact, and this has resulted in a restructure of the organisation. We have returned to one Director, but provided more resource into teams beneath the role - most notably more senior roles / increased experience in the roles of Head of Care Services, Head of Fundraising and Communications, and Finance Manager; and with further resourcing within departments to better meet the charity’s growing needs. We have also been supported through this change by a part time executive consultant, and a closer relationship between the Board of Trustees and those on the payroll.
In terms of growth, the focus was on organic and risk assessed growth. Our Building Futures programme has secured an expansion to Woking from September 2022. Only 7 miles away, the financial risk here is vastly reduced by an increased fee for each learner. We have also delivered more service in both the ‘A Reason To Get Up Programme’ and ‘Social Activities’, reflecting the growth on referrals and interest here.
Although **halow** have a great reputation in all services and with all stakeholders, our other main area of work has been focusing further on quality, and a clearer strand that runs through the organisation. At governance level this has led to the development of a Quality and Innovation subcommittee. This has board and other stakeholder representation and ensures all of our services are reviewed in detail at least annually; feeding back to the Board of Trustees. From the bottom up; we have increased the quality of training from point of entry, supported by a new dedicated training role; significantly increased monitoring visits and support in our Care services, and provided greater recognition to staff members with increased pay bandings, multiple employees of the month across teams, and quality and innovation commendations for stand-out pieces of work. What quality looks like at **halow** is far clearer.
## **Our Mission**
To develop innovative and responsive services, led by a skilled, supported and committed workforce, to meet the needs of young people with a learning disability to live, learn, socialise and work in the community.
## **Our business objectives for 2021-22 were:**
1. Continue to deliver high quality, innovative, and person-centred services and to exceed expectations of the young people themselves, families, commissioners and the local community.
2. Continue the implementation of our Exceptional Person-Centred Care (EPC) strategy, a root and branch approach to reposition our teams to deliver this.
3. Ensure the smooth transition of staff into the expanded charity and further strengthen the values-based approach to recruitment, training and delivery.
4. Launch a new pathway of the Building Futures programme, funded through local authority SEND route, rather than Adult Social Care resulting in 2 separate year A groups and 5 concurrent year groups overallsome of which will be based in the neighbouring town of Woking.
5. To increase our fundraising and communications operations.
6. To modernise our financial procedures and bring the department more in line with operational need.
7. Continue to respond effectively to the Covid-19 pandemic.
8. Investigate and introduce new central technology solutions to further aid efficiency and growth.
9. Review and make appropriate changes at governance level- with a focus on appropriate subcommittees, external representation, and the make-up of the Board of Trustees.
- 2 -
## **HALOW PROJECT**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **Achievements and Performance**
Each year this report is a chance to reflect on the many achievements that our young people and the company have achieved in that time. We are grateful to all those who have been a part of this organisation and we hope you will continue to join us in meeting the ongoing challenges of nurturing and enabling independence in young people with a learning disability in Surrey and surrounding districts. Feedback from young people and families on **halow** staff continues to be good, remarking on the positive relationships formed, the progress made towards their goals and the safety and happiness of young people accessing **halow** services.
The Trustees (Company Directors) are pleased to report progress in all areas identified in 2021-2022 and it is a credit to our teams that, despite the huge challenges to our operations as a result of the ongoing impact of COVID-19, we were able to deliver services for more young people than in previous years, have invested further in the quality of our services, have made real and sustainable change to further secure the charities priorities and future, and end the year in a healthy financial position.
Everyone at **halow** wishes to thank all our young people, families, staff, volunteers, commissioners, funders and supporters for your support for our work this year and we would particularly like to thank Surrey County Council for their engaging and committed approach in continuing to support us.
## **Our 2021-22 Plans and Achievements:**
## **1. Continue to deliver high quality, innovative, and person-centred services and to exceed expectations of the young people themselves, families, commissioners and the local community.**
Aim: To continue to raise the bar in all our services.
## **2021-22 Achievements**
Our Services have all maintained their strong reputations with all stakeholders, which can be evidenced through our regular surveys, person centred reviews, and tracking of both compliments and complaints.
Our Building Futures, A Reason To Get Up and Social Activities services have all delivered an increased amount of service this year- a clear follow on from our departmental reviews, stakeholder connections, quality and innovation focus, and related recruitment.
ARTGU has delivered an extra ‘cook and grow’ session on Monday to compliment our existing delivery. Building Futures expanded to an extra year group in Sept 2021 and will again in Sept 2022 and be based in Woking. Social Activities is delivering a greater number and variety of sessions than ever before. In Supported Living and our outreach service the focus has been on further increase of quality, rather than growth, and we have opted not to expand in some areas for this reason.
Our plans for 2022-23 include:
- Impact analysis to be further imbedded in all departments and to aid the release of annual impact report.
- A further new ARTGU service, in either Woking or Guildford.
- A further Building Futures Year group, taking us to a full programme of 3 year groups in Guildford and a full programme of 3 year groups in Woking.
- A review of our supported living strategy, looking at how we can deliver more service in different ways - bearing in mind our model is more person-centred and thus less financially efficient than others in the marketplace.
- 3 -
## **HALOW PROJECT**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **2. Continue the implementation of our Exceptional Person-Centred Care (EPC) strategy, a root and branch approach to reposition our teams to deliver this.**
Aim: Provide a better structure both internally and at a governance level to allow our teams to implement our EPC aims for our service users.
## **2021-22 Achievements**
We have further resourced our training, with a dedicated 2.5 days per week role; and a new fulltime role to focus on recruitment and volunteering. We secured funding for the development of these roles. They have delivered our first bespoke development days for frontline workers (covering numerous training needs), and have been a big success.
Our restructure has led to the more senior role of Head of Care Services, and a better resourced team of officebased roles, and senior buddies in houses. Early improvements in the time were already evident by the end of April 2022.
Our governance has increased across the charity - with managers visiting services more, and board members reviewing quality regularly.
Towards the end of the year a new recruitment campaign for supported living roles also started to bear fruit, which is a promising sign. The new fulltime communications role has had a clear impact on this too.
The on-call function has also been further improved - most notably with the increased care team filling more of the rota (reasonably), especially at the key time of weekends, thus providing better support to our service users.
Our plans for 2022-2023 include:
- Increasing our volunteers significantly, to enable us to provide more support and do new things.
- Continue to develop the staff training package to include increased EPC development days, and a focus on bespoke (rather than ‘off the peg’) person centred training at induction.
- A better connection between training and Care, catalysed by the new HoCS role.
- Develop junior managers in Care team - deputy, coordinator, and seniors.
- 4 -
## **HALOW PROJECT**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **3. Ensure the smooth transition of staff into the expanded charity and further strengthen the valuesbased approach to recruitment, training and delivery.**
Aim: To ensure our recruitment is efficient in a challenging market, most notably in terms of not losing candidates. New staff should feel part of one inclusive and dynamic team whose main goal is to enhance the lives of young people with learning disabilities.
## **2021-2022 Achievements**
- Embedding of recruitment and volunteer coordinator role- immediate efficiencies making us a better and more efficient recruiter, in a challenging market.
- Return to face-to-face induction following COVID-19 reduction.
- Increased pay for buddies for April 2022, above increased real living wage, local levels in our industry and retail starting salaries.
- Increased face to face training through internal development days.
- A more agile position based on recruitment and HR key performance indicators, which are also shared at a governance level.
- Successful new Care recruitment campaign, started in Q4.
- Very successful and robust recruitment to new, more senior management roles.
- During the year we continued to recruit fantastic values-based candidates across the organisation.
- An HR professional joining the board on a trial basis, in Q4.
Our plans for 2022-2023 include:
- Remain as agile as possible on pay rates, recognising the impact of inflation.
- Instigate development plans for office-based workers now that we have significantly increased training for frontline roles.
- Further development of care recruitment campaign, with extra resource now embedded.
- Further develop and implement a volunteer strategy for the organisation.
- 5 -
## **HALOW PROJECT**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **4. Launch a new pathway of the Building Futures programme, funded through local authority SEND route, rather than Adult Social Care resulting in 2 separate year A groups and 5 concurrent year groups overall- some of which will be based in the neighbouring town of Woking.**
Aim: To continue to work closely with Surrey County Council’s SEND (Special Educational Needs and Disabilities) team to introduce the planned new year group for September 2021, and September 2022; whilst supporting the drive for referrals internally.
## **2021-22 Achievements**
Programme awarded ‘Highly Commended’ at national 2021 ‘Children And Young People Now Awards’.
Building Futures is mainly funded by local authority commissions but also relies on grants and awards from generous trust funders. We maintained an excellent working relationship with the SEND team through regular communication and briefings, and fundraising to the programme has also performed reasonably well despite the ongoing impact of COVID-19.
- From September 2022 we have significantly increased the SEND fee for the programme, making the expansion financially viable for the future (i.e. less reliant on fundraising income).
- Excellent recruitment, including embedding of new manager.
- Further work to foster referrals for Sept 2022 and Sept 2023 has already taken place.
- Set up key areas in Woking has gone well- most notably community-based partnership venues.
Our plans for 2022-23 include:
- Continue expansion to 6 concurrent year groups in Guildford and Woking for Sept 2022.
- Successful related recruitment. A second assistant manager, new year leader, and new learning support workers.
- Continue to prioritise promotion of the programme through existing contacts, local authority teams.
- Foster relationship with SEND, and new commissioner.
- Produce updated promotional materials, including a video about the programme.
- 6 -
## **HALOW PROJECT**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **5. To increase our fundraising and communications operations.**
Aim: following a department review, increase operations recognising the need for change, and especially following the impact of COVID-19.
## **2021-22 Achievements**
- Team of 2 replaced by entirely new team of 4 and led by a new and experienced Head of Fundraising
- and Communications following robust recruitment.
- Dedicated and experienced fulltime communications officer, supporting fundraising but also wider aims of **halow** .
- Dedicated and experienced fundraising officer added.
- Trusts and grants now done internally rather than by a consultant, so also reduced spend.
- Previous consultant added to the board of trustees, ensuring better governance of fundraising.
- Increased income since new team started.
## Our plans for 2022-2023
- Invest in underused streams of fundraising; including legacies, increased individual / major donors, new events, and our communities in Guildford, and now Woking.
- Review fundraising income regularly, utilising developments in Finance team.
- Further develop the Donorfy database as a key resource.
- Increase the income to the charity.
- Produce **halow's** first proper annual impact report, early 2023.
- Increase comms through frequency of Spotlight magazine, increased social media, etc.
- A new website, with our new provider.
- Develop a new event to replace the **halow250** cycle ride, which will end after 10 events in May 2023.
## **6. To modernise our financial procedures and bring the department more in line with operational need.**
Aim: Enhance finance operations.
## **2021-22 Achievements**
- Recruited a new and experienced Finance Manager
- Secured existing team member in a new role.
- External Consultant support, and took on the role of Treasurer
- Embedding of ‘Xero’ accountancy software
- Clear reporting.
- Improved budgeting.
- Payroll efficiencies.
- Improved internal links, especially to HR.
Our plans for 2022-2023
- Quarterly budget reports, likely to lead to the reforecasting of Building Futures (September academic
- year start) and Fundraising (new steams and events added).
- Separate finance subcommittee (was joined with fundraising) to recognise so much has moved on and that reporting can be relied upon.
- 7 -
## **HALOW PROJECT**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **7. Continue to respond effectively to the COVID-19 pandemic.**
Aim: To keep young people at the heart of the decisions we make whilst ensuring the ongoing health of the business and the welfare of staff.
## **2021-22 Achievements**
- We have continued to adapt well, keeping our young people at the centre of decisions.
- We have maintained good quality service, whilst following ever changing guidelines.
- We have secured PPE and local authority payments to support us.
- It is possible to work more flexibly, especially with investment in laptops, and clear work from home guidelines that suit our operation.
Our plans for 2022-2023
With the pandemic now hopefully endemic, this will not form a separate aim going forward.
## **8. Investigate and introduce new central technology solutions to further aid efficiency and growth.**
Aim: To continue to move forward digitally to enable more mobility, have better record keeping/reduced paperbased systems, improve efficiency, and reduce duplication of information generally.
## **2021-2022 Achievements**
- Embedding of Rotacloud and OnCare in our Care services- efficiencies clear.
- Embedding and better use of Xero financially, with more previous years to work from.
- Refining use of Hireful and their Applicant Tracking System through the new recruitment and volunteering coordinator role.
Our plans for 2022-2023 include:
- Explore possibilities for better HR software.
- Explore possibilities for better Care recording software.
- Transfer server data to cloud storage.
- Make live Buddy rota information available to service users and their families.
## **9. Review and make appropriate changes at governance level- with a focus on appropriate subcommittees, external representation, and the make-up of the Board of Trustees.**
Aim: To strengthen our governance in line with best practice to ensure that the organisation continues to be run in the best possible way; attracts new talent onto the Board; is more agile in its decision-making; and remains attractive to funders.
## **2021-2022 Achievements**
- Founding Board members are now much closer to the organisation, facilitating change.
- Subcommittees have been embedded and functioning well: Finance & Fundraising, HR, Staff and
- Welfare, and Quality & Innovation. There have also been efficiencies.
- Review of responsibilities through The Charity Commission, leading to some amendments to standing agenda within subcommittees and Board meetings.
- External Care trustee joined on a trial basis in Autumn of 2021. Unfortunately, they joined the great refresh and moved to a different area of the country. The role is now readvertised.
- In Q4, two new external trustees were identified with required specialisms in HR and Fundraising.
Our plans for 2022-23 include:
- Embed 2 external trustees and source a third with Care specialism. Update Charity Commission when confirmed.
- Board training to be identified for new and existing posts.
- With teams now more established, Finance & Fundraising Subcommittees to split out, to ensure adequate focus on each.
- 8 -
## **HALOW PROJECT**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **Statement of compliance with Charity Commission guidance**
The Trustees have paid due regard to guidance issued by the Charity Commission's guidance on public benefit and what activities they should undertake.
## **Use of volunteers**
**halow** is supported by a small group of dedicated regular volunteers who enable more young people to take part in the daytime activity and learning programmes, and support **halow** at fundraising events. Volunteers are supported with training, complete DBS checks, and undertake weekly COVID-19 testing.
## **Fundraising standards**
**halow** subscribes to the Fundraising Regulator’s Fundraising Promise. In addition to this, we are developing our own promise to supporters which includes the following:
- We will keep you updated on the wonderful difference you make to young adults with a learning disability.
- We will follow the highest standards of fundraising, going beyond the industry and regulatory requirements for fundraising practices.
- We will always keep your personal information safe.
- We will always give you the power to decide how you would like us to contact you.
- We will never coerce you or use guilt to persuade you to make a donation or grant.
Honesty, transparency and accountability are key values for us and we encourage and support all staff to uphold these values in the work they do. For our fundraising team this involves:
- Ensuring that donors and funders understand where their support is being channelled to e.g., whether a grant or donations is restricted to a specific project or is unrestricted.
- Informing a funder if we have received additional funding for a specific project and offering to return any surplus funds.
- Being accountable to each other and to the charity’s management team and trustees in everything we do. We raise these funds from one-off donations, regular giving (via direct debit), applications to grantmaking trusts, corporate fundraising activities, and fundraising events.
Our fundraising activities are undertaken by a dedicated team of in-house staff:
- Head of Fundraising and Communications
- Communications Officer
- Fundraising Officer
- Part-time Grants Officer
Their work is reviewed by the Director, who is also involved in fundraising activity, and by a fundraising specialist on our Board of Trustees.
We do not engage any other external agencies to fundraise or engage with donors on our behalf. Over the past year we received no complaints about our fundraising. We define a complaint as an expression of dissatisfaction from a supporter or funder. No complaint is ever disregarded, and all complaints are passed on to colleagues and managers and we seek always to learn from these and to use this learning to inform future fundraising practice.
As a charity that supports some of our community’s most vulnerable young people, we have strict guidelines with regard to soliciting funds from anyone who may be classed as vulnerable (through reduced mental capacity, poverty or ill health). Although many of our young people are keen to support our fundraising through sponsored events, attending our carol service or helping on the stand at a community fundraising event, we never ask our young people to make a donation to the charity either face to face or through a fundraising appeal. All staff and contractors are trained and supervised to ensure that when we are aware of a person’s vulnerability, it is not appropriate to solicit funds from them. Where a frail or elderly individual expresses interest in leaving a gift in their will, we always encourage them to speak to their family first to ensure that we do not influence their decision.
- 9 -
## **HALOW PROJECT**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **Financial review**
The financial accounts for the year to 31 March 2022 show a net deficit of £98,427 as shown on the Statement of Financial Activities on page 15.
The cash flow statement shows a decrease in cash and cash equivalents of £32,939 during the year.
Income overall decreased by 16% over the year. This was essentially a reflection of the inability to organise many of the face-to-face fundraising activities due to COVID-19. This included **halow’s** annual bike ride, events at Goodwood and the Ace car quiz all of which, circumstances permitting, will reappear as soon as is possible.
## **Reserves Policy**
At the end of the year, total income funds held were £248,983 (2021: £347,410).
This sum includes restricted funds, which are subjected to specific conditions by donors as to how they may be used, at a total of £8,792 (2021: £1,411).
The unrestricted funds held at the end of the year were £240,191 (2021: £345,999) of which a total of £12,983 (2021: £42,829) was committed for expenditure within 2022/23.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months’ expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
## **Structure, governance and management**
## **Governing document**
The charity is a company limited by guarantee, incorporated on 19 May 2006 and registered as a charity. The company was established under a Memorandum of Association which defined the objects and powers of the charitable company and is governed under its Articles of Association.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr J Stevens
Mr M Day Ms S Hill Mr M McArthur Mr R Meins Mr T Oliver Mr C Evans
## **Recruitment and appointment of new trustees**
Current Trustees are already familiar with the practical work of the charity. Prior to the appointment as a new Trustee, the candidate is met by individual Trustees and officers of the charity to ensure that he/she is fully aware of the requirements and the statutory duties of a Trustee, and to ensure that the person is suitable to hold such an appointment.
**halow project** has a Board that met every two months in 2021-22. It is responsible for the strategic direction and policy of the charity. At present the Board has 6 members from a variety of professional backgrounds relevant to the work of the charity. A number of sub-committees and a scheme of delegation is in place and day to day responsibility rests with the Directors (Chief Executive) and the senior leadership team.
No new trustees have permanently joined halow this year, but we expect new people to join in 20222023, as raised.
- 10 -
HALOW PROJECT
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUEO)
FOR THE YEAR ENDED 31 MARCH 2022
Pay scales have been Sel for all 18¥els of staff thrwh benchmarkthig and reguk2r re¥ivw of the employment
rn8rket. If ffinanaally knable. Pr)$S1Ort up a jc*prekted pay scale is dded aftar considering the
8¢hievernenls of indM¢Juals arbj teams during the year.
h•low proie¢t 18 committed to payirrfj all staff at least the Real INiry Ivage.
Trustees do 1 receive remuneratim fortheir 5eM(%s lo the tharity.
Statsm•nt of Trnst•è* responsibilities
The Trustees, who are also the directors of hah7* Prc¥eca for the pury>ose of company law, are responsiblg for
preparing the Trustees Report and the finala1 statements in 3rdanCe wilh appluble law and United
Kingdom Accounting Standards (Uniied Kin9th)m Ggn¢r*tyA• Accounbng Piacts'c81.
Company Law requires the Tnjslees Its prepare financ4al statements oach finanrial year whith gwe a true and
fair wew of th• statè of #ff8irs ot the charity and of the Ir0M•n9 $out¢85 and application of resourc8s. induding
the income and expenfjiture. of Ihe tharitable company for Ihal yw.
lrt preparing these finanaal statements. the Twsta8s are required to:
. select SUltae acc4Junting poloes and Ih¢n appty Ihem owws1..
- observe the molhods and w"nciFAes in the Charilies SORP:
- mak8 judgements and eslimales that are rea$able and pwdenl: and
ppa Ihe financial statements on the goir¥J COncn basis unless rt is inappropriate lo presume that Ihe
charity wll continue in operaiion.
The Trustees are responsible ts keeF%ng alequato acrounliNJ re&yds th* disdose with asOnable SraCY at
any time the finanaal position of the chanty ana enable them lo ensure Ihat the financial 51alemenls comply wrth
the Companies A(a 20(b. a also resixjwble for safeguard¥)g the asse15 of the charity and her for
taking 8$ortable step$ the prevention and detec1 of fra1 and other irregularities.
The Twstees arè responsitrAe for the maintenanlx and integfity of the chanty and financial infcwmalhjn induded
on the ch8riVs website. Legiallon in the Unrted "nJ0M go*ming the wepawaiion and dissemination of
financial $18lern*nts may dtffer from legi$tIon in olherjurisdictions.
Dl8elosurn of Inforniatlon to audltor
Eath of Ihe Trustees has confirrned thal there is no lnforrnaTr of they are aware which is levant to the
audit. b4Jl of which the auditcK is unaware. They have further confwmEd that they have tsken approwate steps to
identsfy such relevant informalion lo estabk'sh that the audrtof 15 aware o15uch infoation.
report was aFvroved by Ihe Board of Truste8S.
Mr J Stsven•
Dated..
11
## **HALOW PROJECT**
## **INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HALOW PROJECT**
## **Opinion**
We have audited the financial statements of halow Project (the ‘charity’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 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, 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 Companies Act 2006.
## **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 _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’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 charity’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.
## **Other information**
The other information comprises the information included in the annual report other than the financial statements and our auditor's 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.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of our audit:
- the information given in the Trustees report, which includes the directors' report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the directors' report included within the Trustees report has been prepared in accordance with applicable legal requirements.
- 12 -
## **HALOW PROJECT**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HALOW PROJECT**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the Trustees report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees report and from the requirement to prepare a strategic report.
## **Responsibilities of Trustees**
As explained more fully in the statement of Trustees responsibilities, the Trustees, who are also the directors of the charity for the purpose 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 charity’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.
## **Auditor's responsibilities for the audit of the financial statements**
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 auditor's 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.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
- 13 -
## **HALOW PROJECT**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HALOW PROJECT**
## **Extent to which the audit was considered capable of detecting irregularities, including fraud**
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:
- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;
- Reviewing minutes of meetings of those charged with governance;
- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection;
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members 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 the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
**Robert Southey (Senior Statutory Auditor) for and on behalf of Azets Audit Services** 8 December 2022 **Chartered Accountants Statutory Auditor** Ashcombe Court
Ashcombe Court Woolsack Way Godalming Surrey United Kingdom GU7 1LQ
- 14 -
## **HALOW PROJECT**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**Current financial year**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**2**
105,075
16,599
Charitable activities
Building Futures
**3**
332,912
33,256
Social Activities
**3**
22,985
1,700
A Reason To Get Up
**3**
37,133
5,500
Buddy Support Services
**3**
251,207
-
Supported Living
**3**
774,097
-
SCC Infection Control & Workforce Capacity
**3**
55,359
-
Fundraising activities
**4**
166,509
-
**Total income**
1,745,277
57,055
**Expenditure on:**
Raising funds
**5**
133,150
11,478
Charitable activities
Building Futures
**6**
484,573
30,096
A Reason To Get Up
**6**
136,532
6,000
Social Activities
**6**
88,199
2,100
Information and Awareness Raising
**6**
75,082
-
Buddy Support Services
**6**
269,910
-
Supported Living
**6**
663,639
-
**Total charitable expenditure**
1,717,935
38,196
**Total resources expended**
1,851,085
49,674
**Net (expenditure)/income for the year/**
**Net movement in funds**
(105,808)
7,381
Fund balances at 1 April 2021
345,999
1,411
**Fund balances at 31 March 2022**
240,191
8,792|**Total**
**2022**
**£**
121,674
366,168
24,685
42,633
251,207
774,097
55,359
166,509
1,802,332
144,628
514,669
142,532
90,299
75,082
269,910
663,639
1,756,131
1,900,759
(98,427)
347,410
248,983|Total
2021
**£**
123,068
309,512
1,450
32,578
111,903
768,470
23,287
188,111
1,558,379
130,151
461,366
118,921
103,185
101,189
103,711
551,193
1,439,565
1,569,716
(11,337)
358,747
347,410|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 15 -
## **HALOW PROJECT**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **Prior financial year**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**2**
119,768
3,300
Charitable activities
Building Futures
**3**
309,512
-
Social Activities
**3**
1,450
-
A Reason To Get Up
**3**
32,578
-
Buddy Support Services
**3**
111,903
-
Supported Living
**3**
768,470
-
SCC Infection Control & Workforce Capacity
**3**
4,287
19,000
Fundraising activities
**4**
98,266
89,845
**Total income**
1,446,234
112,145
**Expenditure on:**
Raising funds
**5**
130,151
-
Charitable activities
Building Futures
**6**
364,386
96,980
A Reason To Get Up
**6**
111,421
7,500
Social Activities
**6**
101,035
2,150
Information and Awareness Raising
**6**
101,189
-
Buddy Support Services
**6**
103,711
-
Supported Living
**6**
551,193
-
**Total charitable expenditure**
1,332,935
106,630
**Total resources expended**
1,463,086
106,630
**Net (outgoing)/incoming resources before transfers**
(16,852)
5,515
Gross transfers between funds
4,104
(4,104)
**Net (expenditure)/income for the year/**
**Net movement in funds**
(12,748)
1,411
Fund balances at 1 April 2020
358,747
-
**Fund balances at 31 March 2021**
345,999
1,411|**Total**
**2021**
**£**
123,068
309,512
1,450
32,578
111,903
768,470
23,287
188,111
1,558,379
130,151
461,366
118,921
103,185
101,189
103,711
551,193
1,439,565
1,569,716
(11,337)
-
(11,337)
358,747
347,410|
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 16 -
HALOW PROJECT
BALANCE SHEET
AS AT31 MARCH 2022
2022
2021
Fixed ass•ts
Tangible a55ets
12
26,679
26,617
CuTh•nt assèts
Debtors
Cash at bank atwj in hand
13
135.460
305.252
145.343
338,191
440.712
4B3.534
Cr¢ditord: amounts falllng du• within
one year
14
1218.408)
1182,741}
Nel current assets
222.304
320,793
Totsl ass•ts lu$ Current Imbilities
248.983
347.410
Incom• funds
Restricted funds
Unrestricted fijr
8,792
240.191
1.411
345,999
248.983
347,410
an
ststemS were approved by the Twstees on..... ... ...
Mr J Stevens
Trustee
Company Reg18trntk>n No. 05822301
17_
## **HALOW PROJECT**
## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**Notes**
**Cash flows from operating activities**
Cash (absorbed by)/generated from
operations
**23**
**Investing activities**
Purchase of tangible fixed assets
**Net cash used in investing activities**
**Net (decrease)/increase in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2022**
**£**
(11,403)|**£**
(21,536)
(11,403)
(32,939)
338,191
305,252|**2021**
**£**
(20,116)|**£**
87,104
(20,116)
66,988
271,203
338,191|
|---|---|---|---|---|
- 18 -
## **HALOW PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **Charity information**
**halow project** is a private company limited by guarantee incorporated in England and Wales. The registered office is Carroll House, 11 Quarry Street, Guildford, Surrey, GU1 3UY, United Kingdom.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "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 charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
The charity has been impacted by the coronavirus pandemic during the year due to being forced to forgo many fundraising activities. However, despite this, the charity has remained in a surplus at the year end and therefore at the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Buddy Support Services and Supported Living income is included in the financial statements as it becomes receivable.
The charity receives government grants in respect of projects aimed at vulnerable young people. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred.
In addition, the charity received Coronavirus Job Retention Scheme (CJRS) funding during the year which is recognised in the Statement of Financial Activities on an accruals basis.
- 19 -
## **HALOW PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure is inclusive of VAT.
Costs of generating funds comprise the costs associated with attracting donations and legacies and the cost of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and service for its beneficiaries. It includes both costs that can be allocated directly to such services and those costs of an indirect nature necessary to support them.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Support costs are allocated between charitable activities on the basis of the proportion of staff working on each activity, with the exception of Information and Awareness Raising which is allocated on the basis that it represents 35% of the fundraising function.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. There is a minimum threshold of £250 for capitalising fixed assets.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 20 -
## **HALOW PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **1.11 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.12 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**£**
**£**
Donations and gifts
75,552
16,599
Grants receivable
29,523
-
105,075
16,599|**Total**
Unrestricted
Restricted
funds
funds
**2022**
2021
2021
**£**
£
£
92,151
43,998
3,300
29,523
75,770
-
121,674
119,768
3,300|Total
2021
£
47,298
75,770|
|---|---|---|
|||123,068|
- 21 -
## **HALOW PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**Donations and legacies**
**Donations and gifts**
Donations
Corporate donations
Gift aid
Other|37,793
27,481
10,278
-
75,552|-
16,599
-
-
16,599|37,793
44,080
10,278
-
92,151|19,347
20,097
4,296
258
43,998|**(Continued)**
-
19,347
3,300
23,397
-
4,296
-
258
3,300
47,298|**(Continued)**
-
19,347
3,300
23,397
-
4,296
-
258
3,300
47,298|
|---|---|---|---|---|---|---|
|||||||47,298|
## **2 Donations and legacies**
- 22 -
## **HALOW PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **3 Charitable activities**
|Income from charitable activities
Analysis by fund
Unrestricted funds
Restricted funds|**Building**
**Futures**
**2022**
**£**
366,168
332,912
33,256
366,168|**Social**
**Activities**
**A Reason To**
**Get Up**
**2022**
**2022**
**£**
**£**
24,685
42,633
22,985
37,133
1,700
5,500
24,685
42,633|**Buddy**
**Support**
**Services**
**2022**
**£**
251,207
251,207
-
251,207|**Supported**
**Living**
**SCC Infection**
**Control &**
**Workforce**
**Capacity**
**2022**
**2022**
**£**
**£**
774,097
55,359
774,097
55,359
-
-
774,097
55,359|**Total**
**2022**
**£**
1,514,149
1,473,693
40,456
1,514,149|**Total**
**2021**
**£**
1,247,200|
|---|---|---|---|---|---|---|
|||||||1,228,200
19,000|
|||||||1,247,200|
- 23 -
## **HALOW PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **3 Charitable activities**
**(Continued)**
## **For the year ended 31 March 2021**
|Income from charitable activities
Analysis by fund
Unrestricted funds
Restricted funds|**Building**
**Futures**
**£**
309,512
309,512
-
309,512|**Social**
**Activities**
**A Reason To**
**Get Up**
**£**
**£**
1,450
32,578
1,450
32,578
-
-
1,450
32,578|**Buddy**
**Support**
**Services**
**£**
111,903
111,903
-
111,903|**Supported**
**Living**
**SCC Infection**
**Control &**
**Workforce**
**Capacity**
**£**
**£**
768,470
23,287
768,470
4,287
-
19,000
768,470
23,287|**Total**
**2021**
**£**
1,247,200|
|---|---|---|---|---|---|
||||||1,228,200
19,000|
||||||1,247,200|
- 24 -
## **HALOW PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **4 Fundraising activities**
||**Unrestricted**|Unrestricted|Restricted|Total|
|---|---|---|---|---|
||**funds**|funds|funds||
||**2022**|2021|2021|2021|
||**£**|£|£|£|
|Volunteer-led fundraising|91,489|85,949|-|85,949|
|Fundraising events|74,199|11,990|89,845|101,835|
|Trading|821|327|-|327|
|Fundraising activities|166,509|98,266|89,845|188,111|
|**Raising funds**|||||
||**Unrestricted**|**Restricted**|**Total**|Unrestricted|
||**funds**|**funds**||funds|
||**2022**|**2022**|**2022**|2021|
||**£**|**£**|**£**|£|
|Fundraising costs|||||
|Fundraising activities|41,667|4,599|46,266|27,115|
|Fundraising events|3,105|-|3,105|1,065|
|Staff costs|26,612|6,879|33,491|38,480|
|Support costs|57,504|-|57,504|61,291|
|Fundraising costs|128,888|11,478|140,366|127,951|
|Trading costs|||||
|Trading|329|-|329|-|
|Support costs|3,933|-|3,933|2,200|
|Trading costs|4,262|-|4,262|2,200|
||133,150|11,478|144,628|130,151|
## **5 Raising funds**
- 25 -
## **HALOW PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **6 Charitable activities**
|Staff costs
Direct costs
Share of support costs (see note 7)
Share of governance costs (see note 7)
**Analysis by fund**
Unrestricted funds
Restricted funds|**Building**
**Futures**
**A Reason To**
**Get Up**
**2022**
**2022**
**£**
**£**
224,133
59,366
101,498
21,728
325,631
81,094
176,935
57,504
12,103
3,934
514,669
142,532
484,573
136,532
30,096
6,000
514,669
142,532|**Social**
**Activities**
**Information**
**and**
**Awareness**
**Raising**
**2022**
**2022**
**£**
**£**
42,535
18,034
19,408
19,240
61,943
37,274
26,541
35,387
1,815
2,421
90,299
75,082
88,199
75,082
2,100
-
90,299
75,082|**Buddy**
**Support**
**Services**
**Supported**
**Living**
**2022**
**2022**
**£**
**£**
213,684
592,476
18,418
14,454
232,102
606,930
35,387
53,079
2,421
3,630
269,910
663,639
269,910
663,639
-
-
269,910
663,639|**Total**
**2022**
**£**
1,150,228
194,746
1,344,974
384,833
26,324
1,756,131
1,717,935
38,196
1,756,131|**Total**
**2021**
**£**
903,885
110,779|
|---|---|---|---|---|---|
||||||1,014,664
410,177
14,724|
||||||1,439,565|
||||||1,332,935
106,630|
||||||1,439,565|
- 26 -
## **HALOW PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **6 Charitable activities**
**(Continued)**
## **For the year ended 31 March 2021**
|Staff costs
Direct costs
Share of support costs (see note 7)
Share of governance costs (see note 7)
**Analysis by fund**
Unrestricted funds
Restricted funds|**Building**
**Futures**
**A Reason To**
**Get Up**
**£**
**£**
212,484
52,579
58,410
7,735
270,894
60,314
183,872
56,576
6,600
2,031
461,366
118,921
364,386
111,421
96,980
7,500
461,366
118,921|**Social**
**Activities**
**Information**
**and**
**Awareness**
**Raising**
**£**
**£**
41,914
20,720
2,664
16,978
44,578
37,698
56,576
61,291
2,031
2,200
103,185
101,189
101,035
101,189
2,150
-
103,185
101,189|**Buddy**
**Support**
**Services**
**Supported**
**Living**
**£**
**£**
72,175
504,013
12,000
12,992
84,175
517,005
18,859
33,003
677
1,185
103,711
551,193
103,711
551,193
-
-
103,711
551,193|**Total**
**2021**
**£**
903,885
110,779|
|---|---|---|---|---|
|||||1,014,664
410,177
14,724|
|||||1,439,565|
|||||1,332,935
106,630|
|||||1,439,565|
- 27 -
## **HALOW PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**7**
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Staff costs
294,906
-
Depreciation
11,341
-
Operating lease charges
38,250
-
Premises costs
43,669
-
Computer costs
18,276
-
Printing, postage and
telephone
11,463
-
Staff welfare and
expenses
20,309
-
Sundry expenses
2,986
-
Bank charges
238
-
Bad debts
899
-
Accountancy fees
-
13,767
Legal and professional
-
11,548
HR consultancy
-
4,942
442,337
30,257
Analysed between
Fundraising
57,504
-
Trading
-
3,933
Charitable activities
384,833
26,324
442,337
30,257
**8**
**Net movement in funds**
Net movement in funds is stated after charging/(crediting)
Depreciation of owned tangible fixed assets
Operating lease charges|**2022**Support costs Governance
costs
**£**
£
£
294,906
327,148
-
11,341
11,612
-
38,250
37,800
-
43,669
44,639
-
18,276
16,629
-
11,463
10,524
-
20,309
16,293
-
2,986
6,046
-
238
217
-
899
560
-
13,767
-
11,985
11,548
-
-
4,942
-
4,939
472,594
471,468
16,924
57,504
61,291
-
3,933
-
2,200
411,157
410,177
14,724
472,594
471,468
16,924
**2022**
**£**
11,341
38,250|2021
£
327,148
11,612
37,800
44,639
16,629
10,524
16,293
6,046
217
560
11,985
-
4,939|
|---|---|---|
|||488,392|
|||61,291
2,200
424,901|
|||488,392|
|||**2021**
**£**
11,612
37,800|
- 28 -
## **HALOW PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **9 Auditor's remuneration**
The analysis of auditor's remuneration is as follows:
|**Fees payable to the charity's auditor and associates:**
Audit of the charity's annual accounts
**Other services to the group**
- the audit of the charity's subsidiaries
**Total audit fees**|**2022**
**£**
10,500
3,267
13,767|**2021**
**£**
10,500
-|
|---|---|---|
|||11,985|
## **10 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **11 Employees**
## **Number of employees**
The average monthly number of employees during the year was:
|Administrative
Fundraising
Operational
Management
**Employment costs**
Wages and salaries
Social security costs
Other pension costs
The number of employees whose annual remuneration was £60,000 or more
were:
£60,000 - £70,000|**2022**
**Number**
7
2
72
1
82
**2022**
**£**
1,334,761
107,942
35,922
1,478,625
**2022**
**Number**
1|**2021**
**Number**
10
2
59
1|
|---|---|---|
|||72|
|||**2021**
**£**
1,142,219
94,926
32,368|
|||1,269,513|
|||**2021**
**Number**
-|
- 29 -
## **HALOW PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **12 Tangible fixed assets**
|**Cost**
At 1 April 2021
Additions
At 31 March 2022
**Depreciation and impairment**
At 1 April 2021
Depreciation charged in the year
At 31 March 2022
**Carrying amount**
At 31 March 2022
At 31 March 2021
**13**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income
**14**
**Creditors: amounts falling due within one year**
**Notes**
Other taxation and social security
Deferred income
**15**
Trade creditors
Other creditors
Accruals|**Fixtures and fittings**
**£**
79,931
11,403
91,334
53,314
11,341
64,655
26,679
26,617
**2022**
**2021**
**£**
**£**
28,650
42,355
-
3,457
106,810
99,531
135,460
145,343
**2022**
**2021**
**£**
**£**
26,249
21,367
67,966
32,878
10,189
14,112
100,207
83,855
13,797
10,529
218,408
162,741|**Fixtures and fittings**
**£**
79,931
11,403
91,334
53,314
11,341
64,655
26,679
26,617
**2022**
**2021**
**£**
**£**
28,650
42,355
-
3,457
106,810
99,531
135,460
145,343
**2022**
**2021**
**£**
**£**
26,249
21,367
67,966
32,878
10,189
14,112
100,207
83,855
13,797
10,529
218,408
162,741|
|---|---|---|
|||91,334|
|||53,314
11,341|
|||64,655|
|||26,679|
|||26,617|
|||**2021**
**£**
42,355
3,457
99,531|
|||145,343|
|||**2021**
**£**
21,367
32,878
14,112
83,855
10,529|
|||162,741|
- 30 -
## **HALOW PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **15 Deferred income**
||**2022**|**2021**|
|---|---|---|
||**£**|**£**|
|Arising from Deferred income|67,966|32,878|
Deferred income is included in the financial statements in relation to services invoiced in advance.
## **16 Retirement benefit schemes**
## **Defined contribution schemes**
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £35,922 (2021 - £32,368).
## **17 Movement in Funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
## **Current year**
|**Current year**|||||
|---|---|---|---|---|
|||**Movement**|**in funds**||
||**Balance at 1**|**Incoming**|**Resources**|**Balance at 31**|
||**April 2021**|**resources**|**expended**|**March 2022**|
||**£**|**£**|**£**|**£**|
|The Edward Gosling Foundation: IT|511|-|-|511|
|Community Foundation for Surrey|-|17,000|(11,879)|5,121|
|Hedley Foundation|-|4,000|(4,000)|-|
|Guildford Poyle Charity|-|4,599|(4,599)|-|
|The Coleman Charitable Trust|-|1,000|(1,000)|-|
|Percy Bilton Charity|400|-|(400)|-|
|Douglas Arter Foundation|500|-|(500)|-|
|AXA XL grant|-|15,256|(15,256)|-|
|No Fear Bridge|-|10,000|(10,000)|-|
|SCC Send|-|4,000|(840)|3,160|
|Co-op Local Community Fundraising|-|200|(200)|-|
|YFM Private Equity|-|1,000|(1,000)|-|
|**Total Restricted Funds**|1,411|57,055|(49,674)|8,792|
- 31 -
## **HALOW PROJECT**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022**
## **17 Movement in Funds**
## **(Continued)**
## **Edward Gosling Foundation**
Funding was provided for the purchase of five laptops and reading mats.
## **Community Foundation for Surrey**
Funds received to go towards the costs to expand and develop volunteering programmes.
## **Hedley Foundation**
Funds received to provide introductory construction skills training and qualification for young people with learning disabilities.
## **Guildford Poyle Charity**
Funds provided to facilitate remote services provided in lieu of face to face sessions.
## **The Coleman Charitable Trust**
Funds provided to enhance remote support services.
## **Percy Bilton Charity**
Funds provided for the purchase of musical instruments.
## **Douglas Arter Foundation**
Funds provided for the purchase of specific ARGTU project items.
## **COVID-19 funding**
Various grants were provided to support the charity during the pandemic, which included some core costs in respect of changing operations from face to face to remote and the purchase of specific equipment to enable remote services. All of this funding was spent in the year.
## **AXA XL grant**
Funds received to be spent on running costs of the BFG project.
## **No Fear Bridge**
Funds received to be spent on running costs of the BFG project.
## **YFM Private Equity**
Funds received via a private equity donation, for the provision of ARTGU and Social Activities.
- 32 -
## **HALOW PROJECT**
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022**
## **17 Movement in Funds**
## **(Continued)**
## **Prior year**
||**Prior year**|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||**Movement in funds**|||||||
|||**Balance at 1**|||**Incoming**|**Resources**|||**Transfers **|**Balance at 31**||
|||**April 2020**||**resources**|||**expended**||||**March 2021**|
||||**£**||**£**||**£**||**£**||**£**|
||The Edward Gosling Foundation: IT||-||4,615||-||(4,104)||511|
||Gardening for DISA||-||1,000||(1,000)||-||-|
||W S Limited||-||3,300||(3,300)||-||-|
||Guildford Poyle Charity||-||5,000||(5,000)||-||-|
||The Coleman Charitable Trust||-||2,500||(2,500)||-||-|
||Percy Bilton Charity||-||400||-||-||400|
||Douglas Arter Foundation||-||500||-||-||500|
||COVID-19 Funding||-||94,380||(94,380)||-||-|
||**Total Restricted Funds**||-||111,695||(106,180)||(4,104)||1,411|
|**18**|**Analysis of net assets between funds**|||||||||||
|||**Unrestricted**|**Restricted**||
**Total**||Unrestricted||Restricted||Total|
|||**funds**|**funds**||||funds||funds|||
|||**2022**|**2022**||**2022**||2021||2021||2021|
|||**£**||**£**||**£**||£||£|£|
||Fund balances at 31|||||||||||
||March 2022 are|||||||||||
||represented by:|||||||||||
||Tangible assets|26,679||-|26,679||26,617|||-|26,617|
||Current assets/(liabilities)|213,512|8,792||222,304||319,382||1,411||320,793|
|||240,191|8,792||248,983||345,999||1,411||347,410|
- 33 -
## **HALOW PROJECT**
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022**
## **19 Operating lease commitments**
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
|Within one year
Between two and five years|**2022**
**£**
12,983
287
13,270|**2021**
**£**
42,829
26,525|
|---|---|---|
|||69,354|
## **20 Related party transactions**
## **Remuneration of key management personnel**
The remuneration of key management personnel is as follows.
||**2022**|**2021**|
|---|---|---|
||**£**|**£**|
|Aggregate compensation|68,967|114,765|
## **21 Company limited by guarantee**
**halow project** is a company limited by guarantee and accordingly does not have any share capital. Each director has pledged to contribute £1 in the case the charitable company becomes insolvent.
## **22 Charges held**
A charge is held by Property Investment Holdings Limited for the sum of £8,519 (and such other sums as may be deposited by the company from time to time pursuant to the terms of the said deed) the interest from time to time accrued and any sums from time to time deposited in respect of value added tax.
- 34 -
## **HALOW PROJECT**
## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022**
|**23**|**Cash generated from operations**|**2022**|**2021**|
|---|---|---|---|
|||**£**|**£**|
||Deficit for the year|(98,427)|(11,337)|
||Adjustments for:|||
||Depreciation and impairment of tangible fixed assets|11,341|11,612|
||Movements in working capital:|||
||Decrease in debtors|9,883|84|
||Increase in creditors|20,579|70,043|
||Increase in deferred income|35,088|16,702|
||**Cash (absorbed by)/generated from operations**|(21,536)|87,104|
|24|**Analysis of changes in net funds**|||
||The charity had no debt during the year.|||
- 35 -