Charity rÈglStr)tion number 1116773 Company registrdtion number 05822301 ("England and Walesl HALOW PROJECT ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11111111111 •AIEMF88Y* 2l11ry223 COMPANIES HC4JSE
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HALOW PROJECT LEGAL AND ADMINISTRATIVE INFORMATION Tru$teÈs MrMDay Ms S Hill Mr M McArthyr MT R Meins MrT CJNer Miss S L Squire r N E F BLrtd)er (AP)Ented 12 Octrjber 2022} (Appoinleil 12 I?Ober 2022) Secretary Mr R Meins Non-statutory Director Mr G O'crX Director of hak)w projeu selve5 (resigned 31 August 20231 D10T of habw proiect seNices Nr N Whee Gharlty number 1116773 Company number 05822301 Re9i$lered office Carrdl H(jSe 11 Quarry Street Guildfor(J Surrey Unrted Kirydc¥n GU1 3UY Audiior Azets Audit Semces Ashcombe Cryjrt Woolsack Way Godalmir*J Surrey United thgdom. GU7 1LQ
HALOW PROJECT CONTENTS Page Truststrs port Indeperthnt auditorfs report 8-10 Slatemenl ol financial actNtlies 8alanee Sheet 13 Statement of cash flthvs 14 Notes to the financial slatements 15-32
HALOW PROJECT TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The Trustees pwènt their annual report and fin8n¢ial stslements for the year ended 31 March 2023. The finantl81 ststements havè been mred in accofdance vnth the accounting PobC set out in note 110 the financial statements and comply wth the chayrtS memorandum and artides of association. ihe Companies Act 2006 and 'Aec(yJnting and Reporting by Charities: Slatement of Recommended Practice applicable to charites preparing their accounts in accordance wth the Ftnancial Repoibng StaThJard apIcab in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191". ObjectlVES and artiviti•s The principal activity of the charity in the year under review was to prov•Je nefit lo young people with a leaming disabilty in Surrey and the surrtyjnds. halow Proje i% a registered charity ¢Jedi(2te(J to creating opportunities and supporbng young peopfe aged 16+ with a leainin9 disabilty so that they are able to live RidependenL meaningful, fvlfilled lives and become more involved in Iheir lotsl community. The young people work with wani the opportunity trj: Build relaitonships Become part of the cornmunty Find meanin9fv1 employynent Have a tK%ne of their own halow project piowdes access to social actNities. cornmunity-based leamiThJ and work-like experiences funded through a mixed model of fees. fundraisiro and enterprise. From April 2022 to March 2023. halow project suprrted 268 ind[dualS acmss (¥Jr sefyices. vAth many young people using several sèrvices- Social Aclivities {141} - A Reason to Get Up {46) Building Fuiures1421 - Buddy Servicè128) Supporied LNin91111 In totsl, halow project delNered 5.592 hours of social and lèarniNJ actiwbes over the year to 229 iThdiv4du?is and flexibly provided 32,165 hours of care tr) 50 ir%liwduals in their homes an¢Jlor commUnè#. DèlNery across the ofganisabon has increase(l.
HALOW PROJECT TRUSTEES REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 halow Project Business Prforitlès for 202344 Continuing the Ults from 2023. we maintsin that therè arè still many rr)re young people with Iparning disabilities who could benefit from ha10S unique blènd of servw and support. Tht Trustees and Senior Leadership Team remained cornrnitted to grow halow's reach and irnpact. halow ha$ employed a directoi wilh cornmerLY81 èxperience to transfomi the charty wth a rtre comnr¢ial ftKus. This has included a mo professional appfoèch to running the charity. installing nèw p)licies and proceLfurs and installin9 a corrmèrcè operating system. The result of this has itryroved communication throughout the charity including at board level down to opeTatsons staff. The structure of thè ¢haTity h¥5 changeij lo simplfy the op8rab.ng rnodel with ¢Jirect lines of accountatslity into a sole director. In tems of growth, the focus remèins to grow organically wim risk assessed growth. Our Buikjing Futures programme expanded to Woking in Sepiembei 2022. Thrs eontinues to grow th new years added and continues lo deliver the rnuch need learning in the communtbes. The 'A Reason To Get Up. progtsmme has undergone change to make the programme focussed on ctsntinuin9 on from Building FubJres success to develop the service users lrfe skills through into vatiOnal devebpment Our Mission It is halow's mission to support yovrvJ people with arning disèbilities on their D)vrney to independence. They inspire to be better, push us to work harder. and drive us to bring our best lo w(M1¢ every day. We treat all young people with respect. integrity and compassion. 8 professional yet empathic persoTrcentered 8pproach that encourages posiliwty and ambthon. We do this by being individual focusèd in our approach, and by provrding a friendly and nurturing environment. We are commrtte(5 to beawng a gacY of ex(llence by helping young people lead Comftsrtab INes and achieve independence. Achievèments and Pèrfomance Each year this report is a ch8nce to reflect on the many 8chrevements that our youru petsple 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 lo join us in meeting the ongoing challenges of nurturing and enabling independence in young people wrth a leaming disabilty in Surrey and surrounrling districts. Feedback from young people and families on halow slaff continues trj be good, remarking on the positive relationships forrrtd. the pro9SS made towards their goals and the tsfety and happness of youro people èetess9 haEow seNces. The Trustees (Company Directors) are pleased to report progress in all areas ent[fied in 2022-2023 and it is a e¥¥dit to our teams that we were able to delNer services for more young pewe than in previous yeats, have invested further in the qualty of ¢Jur services, have made real and sustainable change to further 5e(xJre the chanty's prK>ribes and future. and end the year in a heatthy finanual position. Everyone at halow wshes to thank all Jr young people. families, Staff, volunteers, commissioners. funders and supporteis lor your support for our WOTk this year and we would pa"cularlY like to thank Surrey County Council lor their engaging and wmmitted aprxo8th in conth"nuirrfJ to support us.
HALOW PROJECT TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Our 2023-24 Plans: 1. Contlnuè to delivef high quality, inno¥ative. and person<entred servlces and to exceed expectations of lh• young pèople thèmsefves. families, commissiorrs and the local eommunlty. A.. To conlirÈue to raise the bar in all OUT strrvi¢es. Our Services have 011 maintsined their strong pUtationS wilh all 51akeholL¢ers. which can be evidenced through our regular suNeyE. person esntred rewews. arKI tra¢kirvJ of both complirrents and MpInts. Our Building Futures, A Reason To Up {ARTGUI and Socrdl Activities se1S have all delNered an increased 8mounl of service this year- an¢J continue to grow to meei the demand for the semces. ARTGU looks ttr develtsp the skills learnl in Buikling FubJres and berne the gateway to further indepèndence and gaining employment by attr8Cting the businesses in the local comrnunty to embr¥¢e employing adults with learning disabilities and autism through training the businesses and coaching the adults with the skn.lls to obtain èmployment. A Working plan has been implemented to inaSe the seM¢es offering lo enable an enhanced programme of actNit$ th create a focus on lurlher independee and preparing them to gain meaningfvl employment. Building Futures expanded to an extra year group in Woking. This tontinues to go Irom strength to strength with the support of Surrey County Courril and SEND tearnts. Plans a to indude a transition year prior to starting the full Building Futures curriculum. Social A¢ttvities is continuing to delwer a greater number and variety ol sèssions than ever before. encouraging more variation in its sessions and induding the skilL8 to twel independentty and futther afitrld. In Supported Living we are looking to expand the number of supported lknng housès by intro(lu¢irng a nèw transitson house. Demand for SUPPDrted liwng continues to grow an¢J is an aa we can organically grow the charity. The outreach seNice has InVented itseff lo become a more resums bosed Fwramme that gives rolling 10 week PTegr8mmes trj allow the adult to achieve set goals. 2. Continue the implementation of our Exceptional Person4entred Care (EPC) strategy, a root and branch approach to reposition our teams to deliver this. Aim.. Provi(Je a better structure both intemalty arKI"at a veMante level to albw our teams to impkn)en( our EPC aims for our service users. Thè increased challenges In crUitment have prompted a StrUctUre of Ihe human resources team. A full-time training position, People & Development Coordinator has t•een introduced to compliment Ihe full time Recruilment Coordinator. These roles are supported by a part time VonIeeT Ce<)rdinator to focus on this sector. The Head of Care fole has been supported by a rw Independent Supporl Programme Coordinator to focus on this pro9ramme. Their role w11 be to manage. coordinate and grow the support prograiTltne. The implementation of trS r&stru¢Ie has been ¢reated without iruea&ng headcount bul by rèdeploying current pèrsonnel into new roles. Our goveinance has increased 3CtOSS the chartty - with managers visiting seryi¢es mre. and board mèmbers reviewng quality regvlqdy through rKesentations at the Q&1 ffteetin95 to discuss and review each seNices progress. Each area of the charity is submitted to a qu8rter5y review %tsrylh the trustees taking xlive particlpation in th¢ meetings.
HALOW PROJECT TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 3. Ensure the srnooth transition of stsff into the expanded ehaiity and further Stn9th&n the values- b•sed approach to recruitinent. trarning and delivery. Aim". To ensure our recruitment is efficient in a chalkngiThJ markeL rr)st notabty in tem$ of not losing candidales. New staff should feel part of one tnduswe and dynamic team whose main goal is to enhance the lives of young people with leamirvJ dlsabilib". Each role within the charity is reviewed quarterfy and saL8rs btnchmarked against notjust the industry stsndard but new threats from other sectors such as relail and hospitality. A new Succ%)n pkn for Èach employee will be rolled out to recognise and promoie intemal progression. Re¢ruitrnent has faced a challenging time sTrnce COVID-19. many workers in this secior (like many others) have lefl to seek Èmploymenl away from the sector. This ha5 resulted in a significant increase in rKtrn suitabl applieants, thus we have reviewe(5 and adapted our recruitment process to increase slaff retention from the start of their èmptoymènL Employe¢ engagement remains a main priortty to ensure that there is a conb.nued voice and prèsence of thè Staff to the leadership team and Ihe bo8rd_ CommunicatiM from all meetings is held as open and transp8rent for all employees to see. The Leadership Team attend weekty meetings to discuss issuès and ast in re50fving ch8llen9es together as a team, these meetings are noted and (>scaded back to their teams to ensure everyone in the ory8ni5ation is awarè ol the challengès faced. The leadership meètings 8Tr complimented by quartedy Town Hall meety'ngs to enable all stsff Members to pose questions to lea(lersfwp team. 4. To modemise our financlal procedures and bring the department mts in llne with operational neèd. m". Enhance finance opefab"ons. The appointsnent of a more commercialty ftxused dirèctor has improved the financial awareness of the 1è8dership leam wrthin the charity, gfying more emphasis of financial attcyjntability lo each departmènt head. Contracts for renew81 are awardeij on sustainabilty ano that satlsfy the strategic plans of the chènty, rather than accepted renèwals basttd on prev)US dealings with the company. AJI OVatIng departmènts assist in setting their own buclgels ènd a reviewed quarterty th the direclor and stress tesiwj before 8¢¢epting them. This gives the departrnental manager grealer oVersht of their budgets and the knowledg& of how lo financialty njn their <lepartments. Quarterly budget reports continue to take pLxe espèt4alty given the academic year stsrt for Building Futures is In September. A new operating system that can encornpass sÈv8ral of our current systems will need to be investigated for viability as we currently use 4 s¢parate systems for payroll. rotss. holidays arKI absence management. Statement of Compliance with Charity Cornmission guidance The Trustees have paid due regard to guidance issued by the Chanty Cc¥nmissK)n's guidance on public benefit and what activities they should undertake. Use of volunteers halow is supported by a small group of dedicated wular vdunteers who enable more young pÈoplÈ to take part in the daytime Jctivtty arKI leaming programme5. and support halow at fundTrislng events. Voiunteeis are supported Wbth training and mPlete DBS checks
HALOW PROJECT TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Fundrarsing standards halow subscribes to the Fundraising RegutOr'S FvndraisiThJ Promise. In addith)n lo this, we are developin9 our own promise to supporters which indudes the fofiowing.. Wè will keep you updated on Ihe t)nderful ¢Jifference you make to young adults with a le8Tnir dlsabilty. We wll fdlow the hiyhèst 5tarKlards of fundraisirvJ, beyoTrJ the industry and règulatory requirèments for fundraising practtis. WÈ will aayS keep your personal information safe. We will aayS give you the KM)wer to deocle how you would ke us to contatt you. We will never erce you or use guitt to persuade you to make a donation or grant. Honesty, trxnsp8ren¢y and accountsbility are key vakjes for us and we encourage and support all siaff to uphold Ihese values in the work they do. our fundraising leam this involves.. Ensuring that donors and funder5 undersland where their support is being thanndled to e.g.. whether a 9r8nt or donation is restricteil to a specific project OT is nStrIcted. Informing a fundei rf we have received additional funding for a spetsfic prtsjeci and offerirwJ lo relum any surplus funds. 8eing accountable to each other and to the chanty's man8gement ream ancl trustees w) everything we do. We raise these funds from one-off donatKJns. reguLHr giving (via direct debit). applicakn.ons to grant making trusts, corporate fundra¢sing actiyibes, and fundraising events. Our fundrai&ng actwities are undertaken by a dedicatèd team of IhOLe slaff." Corporate Fundraiser Communicatic4)s Offirr Fundraising Officer Part4irne Grants Officer Their Work is reviewed by the Direetc. vtho is akn invofveil in fuThJraising activity. and by a fvndraising specialist on our Boar(S of Trustees_ We do not engage any other exlemal agencies to fundraise eroage with doTh)rs on our behalf. L¢T the past year we rèeeived no complaints abwt our fundraisiNJ. We define a complaint as ari expiession of dissatisfaction from a supporter or funder. No compL8int is ever disregarded, and all complaints a passed on to colleagves and managers and we seek ay$ to leam from these and to use this leaming to inform futuie fundraising practice. As a charity that supports some of wr community's most vulnerable young people, we have slrict guidelines with rega¥L1 tr) s91icrting fvnds from anyone who may be classed as vulrwable (through reduced mental capacity, poverty or ill hÈalthl. Amhough many of Dur young peop a keen to support our fundraising through sponsorèd events. attendlng our carol serwicÈ or helping on the Stsnd at a community fundraising event. we nevèr ask our young people to make a donab.on to the chanty either face to faTr or through a fvndraising appeal. All staff and ctraCtorS are trained and supervised to ensure ihal when we #re aware of 8 person's vulnerability, It is not appropiiate to solicit fund5 from them. Where a frail or eklerly individual expresses inlere5t in leaving a gift in their will. we always nrage them lo speak to their family fit to ensur8 Ihat we do nol In1nce the dècision. Ftnancial rèview The financial accounts for the year to 31 March 2023 show a nèt Surp of £25.827 as Srn on the Stat$ment of Financial Activrties on page 11. The Cash Flow Ststemenl on page 14 Sho an infftase in cash and cash equNalents of £48,518 during the year. Income overall increased by 24% over the year. This was a recovery from the weak situation during the Pandemic. Our annual bike ride was back and r*w events like halow's Got Talents and Damon H¢15 Golf Challenge were held., these three events brought around £174.CM)D MO income this year.
HALOW PROJECT TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Reserves Policy At the end of the year. total funds held were £274.81012022: £248.983). This sum includes restricted fun¢$. which are subjected lo speufic wdibcffls by donors as to how they may be used, at a totsl of£37,91412022". £8,792). The unrestricted funds hekl at the end of the year were £236.896 {2022: £240.191) of which a total 01 £40.755 12022.. £12.9831 was commrtted for expenditure wthin 2023124. It is the policy of the charity that uNestrited funds which have not been de&gnated for a specific use should be maintained at a level equivalent to belx4een three ancl SLX r(¥th$. expendrture. The Trustee5 consider that reserves at this level WTII ensure that. in the Èvent of a signrficant drop in funding. thèy will be able to eontinve thè charity's current activities while considÈrdtrJn is gNen to ways in which additional funds may be raised. Slructure. governance and managErnent Goyeming document The charity is a company limited by guarantee, incoryK)rated on 19 May 2006 registered as a ¢h3rity. The company was established under a Memorandum of A5SOCTation which defined objects and powers of Ihe charitable company and is govemed under its Arlides ofAssociakn"on. The Tnjstees, who are also the drrectors for the purpose of company law. and who servtd during thè year and up lo the dale of Signatu of ihe finanixal stamentS were: r J Stevens MrMDay Ms S Hill Mr M McArthur Mr R Meins Mr T Oliver Mr C Evans Mis5 S L Squire MrNEF8utch IResigrd 1 June 2023) (Restgned 30 April 2D22) (Appointed 12 OGtober 2022} {Appointed 12 October 2022) Recruitment and appointrnent of new trustèÈs Cvrrent Tnjstees are already familiar ¥th the practical work of the tharity. Prior to Ihe appointment 85 a new Trustee. the tandale is rrt by individual Trustees and officers of the ¢harity to ensure that hel$he ss fully aware of the reouirements and the statutory duties of a Trustee, aftd to ensure thai the person is suitable to hold such an appointment. halow project has a Boar(I thai mèt every months in 2022-23. It is responsible for the strategic direction and policy of the charity. At preseni the Board has 6 rnernbers frtNn a variety of professional backgrounds relevant to the work ol the ¢harity. A nunknr of subumrrllttees and a scheme of delÈgaiK)n is in place and day to day SpOnsIbl1ty rests with the DIrtOr {Chief Executi¥el and the senior leadership team. Two nèw trustees Joined hakjw this year. and we expect new peoe to join in 2023-2024. Pay scales have been set fr)r all levels of stsff through twKhmarking aThJ regular review of the employment market. The charity has introduced a salary scak led trj the pwtion. this is based on the Hays Method. halow project is ¢ornmitted to tsll stsff at least the Real LIng Wage. Trustees do not receive remuneration for their services to the charity.
HALOW PROJECT TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Statement of Trustees responsibilities rhe Trustees, who are also the directors of halow Project for the purpose of company law. are sponsible foT preparing the Trustees Report and the financial statements in accordance wth applicable law and Unite Kingdom A¢¢wnb"ng Standards (United Kingd} GenefaltyAccepted ACCO"n9 Prnctice}. Company Law requires the Trusiees to prèpare financial st8ternents for each financial year which gwe a true and f8ir view of the stste of affairs of Ihe cbarty arKJ of the incoming reswrces and appltition of soUrCes, induding the incomg and expenditure, of the charilable company for Ihat year. In preparing the financkql statements, thè Trustees are required to- - sèlecl suitable accounting rKJlicies and Ihen apFAy ltr consistentty.. - observe the methods and prinaples in Ihe Charit$ SORP: - make judgements and estimates that are reasonable arKI pruden( stète whèther applicable UK AccountiThJ Stanolards have been folbwed. Subject to any material departures di$clDsed Ènd explained in the financial statements,. and prepare thè finanual stsiernents on the gcdng ¢oncem basB unlpss bt is inappropriate to presun)e that the charity will continue in operation. ThÈ Trustees are responsble ft)r keerj adequate accounting records that disd05e wilh reasonable accurary at any time the financial position ol Ihe charity and en8ble them lo ensu ihal the finanual Stsiements comply with thÈ Companies Act 2006. They are also respon5ibk for safeguarding the assets of the chanty and hence for tsking reasonable steps for the preventw and deteth'on oflraud and other irreguL3rities. The Trustees are responsibje for the rnaintenance and integrity ol the charity and firtaneol informat¢on induded on the charity's website. Legislalitin in the United Kingdom veM19 the pparatiOn and dissemrnation of financial statements may drffer from legislation in other juris¢JictKJns. Disclosure of irrfomiation to avditor Each of the Trustees has confirmed that there is no infomakngn of which they are aware whh is relevant to the audit, bul of hich the auditor is unware. They have fvrther nfirrned that they have tsken apprgpriate steps to identify relevanl informabon and to establish th* the audrtor aware of suth lnfom)atn. eporfvAs approved by Board ofTwstees. in
HALOW PROJECT INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HALOW PROJECT Opinion We have audited Ihe finala1 statements of hafow P)lect (the 'th81iV) for the year ended 31 March 2023 which comprise the ststemeni of financial athities, the balance sheet. the statement of cash flows and notes lo the financial ststements, including signrficant accounting KX)lioes. The financial rewrtiro framework that has been applied in their preparation is applicable law and Unrted Kit)gdom Ac()wnting Standards. including FinanGial Reporting Standard 102 The Financial Reporting Standard applKable the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practi1. In our opinion. the financial statements= give a true and fair view of the slate of the chaiitsble compatys affairs as at 31 March 2023 and of its incoming resr¢e5 and applwtion of resources, induding its income and expenditure. for thè year then havè been propedy prepared in accordance wtlh United Kirwjdom Genèrally Accepted Accounting Practice.. and have been prepared in accordance wth the reqUirnents ofthe Companies Act 20[. Basls for opinion We conducted our audit in accordan¢e wth 1ntemab.onèl Standards on Auditing IUKI IISAS IUKII and applicable law_ Our responsibilAies under those stsndards are further described in the Auditorfs tEsponsibilities for the audit of lh8 financial statements section of our report. We are independent of the charity in accordance wth the ethical requirements th8t are relèvant to tyjr audii of the financial statements in the UK. including the FRC'S Ethical Standard. and we have fvffilled our other ethical SponSlI111eS in aCcOrdar with these requirements_ We believe that the audit eviden we h8ve Obtai is sufficEnt a)d apFwriate to provJe a basis for ¢ur opinion. Concluslons relating to going concern In auditing the financial statements. wè have concludèd that thè Trustees use of the going con¢em basis of accounting in the preparatKJn of the fiAanual statements is approprrate. Based on ihe w(Yk we have performed, we have not identified any matèrial uncertainties relating to events or condib.ons that, individualty or collectively. rnay r8st svJnffi(znt doubl on the charity's ability to continue as a going concern for a period of at le8St tr¥elve months from when the financial statements are authorised for issuè. Our responsibilitses and the reSponsilit$ of the Trustees vnth respect to going ¢>Jn¢ern are described in the relevant seditsns of thi5 report. other infomiation The other information comprises ihe informab.on inchJded in the annual report other than the financial stalements and our auditorfs report thereon. The Trusteès are responsible for the other information contained w¢ihin thè annual report. Our opinion on the finaft¢ial statements does not cover ihe other information and. èxcèpt to the extent theTwise explicitty state(J in our reporL we do rt exprèss any form of assurance conclusion theOn. Our responsibilty is to rèad the other informatior) and. in dthng so, consKler whether the other information is materialty in¢onsistènt vAth the financial statements or our knowl8dge obtained in Ihe ¢gur5e of thè audit. or othetwse appears to bè materially rnisststed. ff we identsfy such material inconstslencies or apparent mat8ri31 misstatements. we are requirecl to detefmtne whether this gNes rise to a material misstatemènt in the finanoal ststements thgmselves. 11, based on th8 work we have perfomed, we condude that Ihere is a materhal misstalement Df this other informatbtin. we a required to report that fact. We have nothing to report in this regard. Opinions on other rnatters prescribed by thè C¢)mpanies Act 2006 In our opinion, based on the work undÈrtakÈn in th8 Course of our audit- the infom)abon given in the Trustees for the finanual year for which the financial statements are prepa. which includes the directors. report ppared for Ihe pvrp05e5 of company law, is consistenl thg financial statements.. and the directors. report Indu¢Jed wilhNI the Trustses reFJI has been prepad in acCOrdar with applicable legal requ1rnents.
HALOW PROJECT INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HALOW PROJECT Matters on which we a required to report by •x¢eptioTr In tho light of the kftoedge and understanding of Ihe challty and its environment obtained in the cours$ of tho 8Lxlit. we have not identsfied material mbsstatements in the diredors. report induded wtthin the Trusiees report In the light of the knoWe and undeTstsnding of the company and its enwronmeni obtained in the course of the audit, wè havè not identified materi81 mi$5tatsments in Tnjstees reFort. We have nothing to report in respect of the klOWIng matters In relatKJn to which thè Companies Act 2006 requ?res us to report to YOU 51. in our opinion." adequate accounting rerords have rM)t been kepl or rètums adequate for our aL*Jit have not bèen received from branches not wsrted by us,. or thè financial statemènts arè not in ogreementwith the accountiTrg records and returns. OT certain Lfisclosures of trustees. remuneratK)n specified by law are t made- or we have not received all the infom)ation an(J explanatKJns we WUiTe for our audit- or the Trustees We not entitled to prepare the finanaal statements in accordance with the small cotnpafties regime and take advantage of the small companies. exernptior6 in preparing the Trustee5 report and from the Tequiremènt to preparè a siratsgic wrt. Responsibilities of Trustees As explained more lulty in thè statement of Trnslees responsbi ifib"es, the Trustees. who are also the directors of the ¢harity for thè purpose of company law, are responsible for the preparatKJn of the finanaal ststernents and for being satisfie(J that they give a true and fair Mew. and for such intemal control as the Trustee5 determine ts nècessary to enable the preparation of financial statements that are freè from m?terial mi%stalemenl. whethèr due io fral or error. In preparing the finar1?1 statements. the Trustees 8Te responsTNe for assessing the charity's ability to continue as a going concefTr, dithing, as applicable. i¥ialter5 ielèted to 90in9 concefn and using the goin9 concern basis of accounting unless the Tatee$ either intènd to liquidate the charitable company or to cease operatn$, or have no realistic $ltematiV8 txrt to do so. Auditor's responsibilities for the audit of the finèneial statements Ovr objè¢tives a to obtain 8$Onable a$surar about whelher Ihe finanaal stalements 85 a whole are free from material misstatement. whether due to fraud or error. an¢J to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assuran but is nol a guarantee that an audtt ndUcted in accordanct with ISAS IUKI will aayS detect a material Mitatement when rt exists. Misstatements fjan arise from fraud or error and are considered material if. indmdually or in the 3gJregale, they could reasonabty bg expectsd lo influèn¢g the economic dealOnS of users taken on Ihe basis of these financtal statemenls. A further description of our SponSIblE1beS is available on the Finanual Reporting Council's website at.. https.'/l vhKv.Irc.oig.uklauditQTsresponsibi5itEs. Thi5 descTiPtiDn forms part of Ouf auditorfs report.
HALOW PROJECT INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE TRUSTEES OF HALOW PROJECT Extent to which the audit was conSided capable of detectlng irregularities, including fraud Irregularities, including fraud. are instances of non-c0mph"an WI iHws and regulations. We design procedures in line wlh our responsibilities, outlined above and on the Financk81 ReportirKJ Coun¢il'$ website, lo delecl material misstatements in respect of irwulariknes. irduding fraud. We obtain and update our un¢Jerstanding of the entsty. its aclivities, its control environment. and likely future devebpments. including in relation to the legal and wulatory framework applicable an(J how the entity is complying with that frarnework. Based on ihis understanding. we identify and assess the risks of material misststemenf of the finanaal ststements, wheiher due to fraud Dr erfor, desKJn and perforrn audrt procedLrres responsive to those risks. and obtain audit evidence Ihat is sufficient and appropriate to prowde a basis lor our opinion. This includes consideration gf the risk of acls by the entity Ihat were contrary to applicable laws and regulations. including fraud. In response to thè risk of irre9ularib.es and noTrcomplianGe with laws and regulations. induding fraud, we d¢$KJned wocedures which inclLKJÈd.. Enquiry of managemènt and thosè ¢harged with 9ovemance around adual and polents.al litigation and cLaims as well as 8Uu81. suspected and alleged fraud.. Rewewing minutes of meelings of those charged with pvem8nce" Assessing the extent of Complian with the Laws and regulations considered lo have a direct malerial effect on the financial ststem&nts or the operats.ons of the entity through enquiry and inspection., Rewewing financial ststement disckjsures and testirrfJ to supporting documentation to assess com18nCe with applicable laws and reguL4ti0ns- Performing 8vdit WOTk over the risk of management bS and override of conirols. induding testing of journ81 entrie5 and otr adjvsiments for appropriatet)ess. evaluating the business rationale of significant transactions outside the normal course of business and revNewing accc¥Jnting estimates for indiators of potential bra5. Because of the Inhent limitats.ons of an audit, there is a risk that we will not detecl all irregut8rities. including those leading to 8 material misstatèmènt in the ffinancjal statements or non-Comlance with regulation. This risk increases the rnore that compliance wilh a law or wulation removed from the events and transactK)ns reflected in the finanaal statements. as we wll be less likety to I)erme aware of instances of non-compliance. The risk of not detecting a material misstatement resLslting from fraud is higher than for one resultin9 from enor, as fraud rn8y involve collusion. forgery. intenbonal omissions. mi5repre58ntatior. or Ihe override of intemal control. Use of our report This report is made sojely to the Charitab cornp8ny's members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work ha5 been undertaken so that we might state to the Charitab company's members those matters we are required to statè to them in an auditorfs report and for no other purpose. To the fullest exient permitted by law. we do n(rt accept or assume resrK)nsibilty to anyone other than (he charitable company and the charitabk company's members as a y. for ¢)ur audil work, lor this POrt. or for Ihe opinions we have formed. Atsls Debra Saunders Bsc FCA (Senio¥ Statutory Audhtorl for and on behalf of Azets Audit Services Chartered Accountants statutory Auditor 17 October 2023 Ashcombe Court Woolsack Way Godalmin9 Surrey Unrted Kingdom GU71LQ 10-
HALOW PROJECT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Current finan¢ial year Unrestricted Restricted funds funds 2023 2023 rotèl Total 2023 2022 Income from.. Donation$ and1ggaci¢s Charita Nitt Building Future5 Social Activities A Reason To Get Up Buddy Support Services Supported Living SCC Infection Control & Workforce Capacity Fundraising adivibos 289.291 7.000 296.291 121,674 $74.713 30.432 49,514 157,285 767,930 2.3C 310.330 8.568 4.243 40,375 583.281 34,675 89,889 157.285 767,930 2,306 310,612 366,168 24.685 42.633 251,207 774,097 55,359 166,509 282 rotal Incomo 2.181,801 60,468 2.242.269 1.802.332 ndi Raising lunds 204.313 12.364 216,677 144.628 Tltable activ Bltilding Fthures A Reason To Get Up Social Activth"es Infomation and AwaneSS Raising Buddy Support Servi SUpPed LNirwJ 897.293 148.140 112.994 100.700 232.838 688.818 1.639 13.149 4,194 698.932 161,289 117,188 100,700 232,838 688.818 514.669 142.532 9D.299 75,082 269,910 663.639 Totsl charitable expenditure 1.9BO.783 18.2 1.999,765 1.756,131 Totsl resources expended 2.185.096 31.346 2.216.442 1.900,759 Net lexpenditurèifjncome for the yearl Net movement in funds 13.295) 29.122 25.827 (98.4271 Fund balances at 1 April 2022 240.191 8.792 248,983 347,410 Fund balances at 31 March 2023 236,896 37,914 274.810 248,983 The ststement of financial activities includes all gains and b)sses recognised in the year. AII Iume and expenditure derive from cwtsnving aciivilies. The statement of finanoal èdivthes also coMplS with the requiremenls for an income and expenditure accounl under the Companses Aet 2006. 11
HALOW PROJECT STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Prior flnancial year Unrestricled Restricted funds funds 2022 2022 Total 2022 Notes ncome from.. Oonations and legacies Charitablè actiwties Building Futures Social A¢tivities A Reason To Get Up Buddy Swport SeNces Supported Living SCC Infèetion Contrtsl & workfor Capacrty Fundr8i$in9 activities 105,075 16.599 121,674 332.912 33,256 1,700 5.500 366,168 24.685 42,633 251.207 774,097 55.359 166.SC19 37,133 251,207 TT4,097 55,359 166,509 Total income 1.745,277 57.055 1,802,332 Ex enditure on: Raising fvnds 133.150 11,478 144.628 charitab ctNI Building Futures A Reason To Gèt Up Social Activities Information and Awareness Raising Buddy Support Services Supported Living 484,573 136,532 88,199 75,082 269.910 663.639 30.09fj 6.000 2,1Crf) 514.669 142.532 90.299 75,082 269.910 663,639 Total charitable e¥penditure 1.717. 38.196 1,766.131 Total resour¢es expended 1.851.D85 49,674 1.91)0,759 Nèt {outgoingifin¢oming rèsources bèfore transfèrs 1105.8081 7.381 198,4271 Net (expenditureifincome for the yearl Net movèment in funds 1105,808) 7.381 198,4271 Fund balances al 1 April 2021 345.999 1,411 347.410 Fund balancès al 31 M?rch 2022 240.191 8.792 248.983 The slatement offfinawal adivtb.es indudes all gains and b55es recognised kn the year. Ail incomè and expendltLe derNe from Ctinu9 The statèment of financial activitÈès also complies with thè quirrtents for an wieome and expenditu account under the Companies Act 2006. 12-
HALOW PROJECT BALANCE SHEET ASAT31 MARCH 2023 2023 2022 Notes Fixed assets Tangtrjle assets 13 20,588 26.679 Current assets Debtors Cash at bank and in hand 14 145.8 353.770 135.460 305,252 499.678 440.712 Creditors- amounts fallirb9 due within one year 15 {245.456) 1218.4081 Nel current assets 254.222 222,304 Total assets less current liabilitiès 274.810 248,983 Income funds Restricted funds Unrestricted funds 37.914 236.896 8.792 240.191 274.810 248.983 ements We approved by the TrLLStees on ... .... .. Tnsstee Company registratitsn number OS822301 13-
HALOW PROJECT STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Notes Cash flows from operating activities Cash generated fro13bsorbed by) opefalions 56278 121.536) Investing actlVFties Purchase of tsngible re¢Y assets IT.7601 (11,403) Net cash generatèd fromllusÈd in) investing activitiès {7.7601 {11.403} Nèt increasel{decrea$e} in cash and cash equivalents 48.518 132,9391 Cash and tssh equivalents at beginning of year 305.252 338,191 Cash" and cash equivalents at end of year 353.770 305,252
HALOW PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Charity information hatow project is a private ttjmpany limited by gvarantee incortwdted in Engnd and Wales. The registered oifiEe is Carroll House. 11 Quarry Street. GudIOrd. Surrey, GUI 3UY, United Kingdom. 1.1 Accounting convention The fin8ncial 5taternents have been wepared in accordan¢e with Ihe charity's 9oveming dowment, the Companies Act 2006 and "Aounrg and Reporting by Charities.. Statement of Reenmmended Practre applicable to charities wepaftng their acwunts in accordance wrth the Ftnanoial Reptsrtin9 Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 January 20191-. The chèrrty is a Public Benèfit Entity as defined by FRS 102. The financial statements are prepared in sterkng. wtrmch is the futional currency of the eharty. Monètsry omounts in these financial ststements are rounded lo the nearest £. The financial statements have been prepared urtsjer the his1Cal cosl convention. The princlpal acixyJrbts"ng policies adopted are set out beknv. 1.2 Going concèrn Thè charity has rernaine(l in a surplus at the year end and therefore at U lirne of approving the financial ststements, the Trustees have a reasonable expectatson that the charity has adequate resources to continue in operatH)nal existen for the foSeeable fuiure. Thus the Twslees continue to adopt the goin9 concem basis of accounkn'ThJ in preparing the financial statements. 1.3 Charitsble funds Unrestrictsd funds a aVailae for use at Ihe discretion of the Trustees in furtherance tsf their cbartiable obj.Ve$. Restricted funds are subject to specffit corKlflions by dtsnors as to how may be used. The purposes ancl uses of the restricted lunds are set ovt in the notes to ttie finanoal statements. 1.4 Income Income is recognised when the tharity is 8lly entit lo it after any perfomance conditions have been met, the arrKJunts can be measured rgh"ably. ond it is prObate that in¢xJme wil be received. Cash donats.ons are recognised on receipt. other donations are recognised onc* the charity has been notified of the donalK)n, unles5 performar¥ce (vndibons reouire deferral of the afflounL Inwme lax re¢overable in relation to donatK)ns received under Gift Aid or deeds of covenant ¢5 rewgnised at the time of the donation. Legacies are Tecognised on relp1 or otherwise if the charity has been notified of an impending distributK)n. the amount is kntr•Yn. and recwpt is expected. If the amount is not known, the legacy 1$ treatgd as a contingent asset. Buddy SupK)Qrt Setmces and SuFyortet1 LIng irKome is Inded in th¢ financial statsments as it becomes recewable. The charity ieceives govemrrent grants in respect of projects aimed at Vulnerab young peoplè. Income frorn governmenl and olher grants are Tects9n at fair value when the charity has enlillement after 8ny perfom)ance con(Srtion$ have been met. it is pyobable that the Inco wll be received and the amount can be MeasLed reliabty. If enternenl is mel, then Ihese arrKJunts are defeffed. 15-
HALOW PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policiès Icontinued) 1.5 Expenditure EXpen¢jrtU is recognised on an accmal bÈsr5 as a liabilty is Inculd. Expenditure is indusive ol VAT. Costs of generatirwJ funds comprise the costs associated 8ttractirMJ donations and Wcies and the cost ol trading for fvndraisiro purposes. Charitable expenditu comprises those costs incurred by the charty in the (Selivery tsf its aGtiwties and serwce for its beneficiaries. It indudes both wsts that can be allocated dw¢ctly such services and those costs of an indirect nature necessary to support them. Grants offered subject to cdIllonS whth have not been met at the year end date are wted as a commitment but not accrued as expenditurè. Support co$ls are alk)cated beeen chantable activi on the basis of the 0pOrtion of staff working on each activty. with the exception of InformalJ"on ar Awareness Raisry whth is allocated on the basis that it represents 35% of the fundraising functi. 1.6 Tanglble fixed assets Tangible fixed assets are initialty measured ai cost and subsequÈnty measured at cost or valuation. net of depreciation and any impaimient losses. There is a minimum Ihieshotd of £250 for capitalising fixed assets. Oepreciation is cognIst so as to write off Ihe cosl or valuatn of assets less ttir residu81 values over their Ltrseful lives on the folbwing basÈs= Fixtures and fittiThJs 25% on cost Thé gain or loss arising on the disposal of an is determined as the dffterence beeen the sale proceeds and the carryirq ¥aluÈ of asset. and is C3lse in the ststemenl of fmanGial activitiÈs. 1.7 Impaimient of fixed assets Al each reporting end date, Ihè charity vIewS the carying amounts of its tsngible assets to ¢etemine wheiher there is any indication Ihal those assets have suffered an impaim)enl loss. If any such indication exists, the recoverable amourf of the asset is estimateo orfer to determine the exteni of the impain)ent loss lif anyl. 1.8 Cash and cash equivalènts Cash and cash equivalents indude cash in hand. deposits held al call with banks, other short-term liquid investments with original maturities of Ilwee ff1h$ or less. and bank overdra1Lg. Bank overdrafts a shown within borrowings in current liabilitiès. 1.9 Financial instrumènts The charty has Èlècted to app tr provisions of Section 11 'BaS Finan31 In5trurMnts' and Sects'on 12 'Other Fina81 Instruments 15sues' cl FRS 102 to all of ts fnancial instTuments. Financial inslruments are recognised in Ihe charitys balarh¢e sheet when the charity becomes paty to the contractual provisions of the instrument. Financl81 assets and liabilitie5 are offsei, vrith the nei amounts presented in the financi81 statements, whèn the is a legally enrofable righl to off the recognised amounts and the is an intenlion to settle on a net ba$1$ or to rea5ise the a1 and see th• liabiSty simulianeously. 16-
HALOW PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies IContinuÈdl Baslc financial assets Basic financial assets. vthic indude debtors and 5h and bank b8lantes. are initially measured at transa¢tlon price inckjding transaction costs and are subsequently carried at arnortised cost using the effe1ve interest method unless the arrangernenl con5tityles a financing transaction. where the transèction is measure¢Y at the present value of the fvlure receipts diswunted at a mwkèt rats of interest. Financial assets classified as receivable wthin one year afe rK>t amort&sed. Basic financial liabillties Basic financial liabilities, including cxeditor5 and bank k)ans are initti?Ily recognised at Iransaclion prSce unless the arrangèmènt constitutès a finanang transaetion, where the debt instrument is measured al the"present value of the future payments discountèd at a markèl rntè tsf in)Ère5t. Financial liabilit classffied as payable wrthin one year are not amrbsed. Trade creditors are obligatiorkg to pay for goods or services that have been acquired in thè ordinary eourse ol operations from suppliers. AmouThts payable are da&8ified as cJJrrènt liabilities if payment i% due within one year or less. If not. they a psented as non-current liabilities. Trade credilr)rs are rectsgnised initially at transaction price and subsequently measured at amortised cost using the effective inte¥esl method. De¢09n•$i0n of financial liabilities Financial liabilitie5 are deTecognised when the charitys contraclual obligations expire or are discharged or cancèllèd. 1.10 Taxation The charity is exempt from CoOration tax on its charilable xlith. 1.11 Employee benef The cost of any unusèd YK)bid8y enlitlement is iecognised in the peri(J in which Ihe employee's services aT received. Temination beneffts are recogni5ed immed4?te as an expense when the charty i5 demonstrab MMItted to lerrninate the employment of an employee or to provJe lerniination bentrfits. 1.12 Rètiremènt rtefits Paymènts to ¢Jeffr contryJtson relirement trnefft schemès are charged as an expense as they fall dug. 17-
HALOW PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Donations and legaciès Unrestricted Restrietèd fvnd5 funds Total Un@5tricted fvrK16 Restted funds Total 21)23 2023 2023 2022 2022 2022 Donations and gifis Grants receivable 288.536 755 295.536 755 75,552 29.523 16.$99 92,151 29.'523 289,291 7.0 296,291 105,075 16,599 121.674 18-
HALOW PROJECT NOTES TO THE FINANCIAL STATEMENTS ICONnNUED) FOR nlE YEAR ENDED 31 MARCH 2023 CharitAbli actlvHIAs 5CClnfErlon ContsrA & Toi•l 202$ Tvial Srtup 34.675 ,W 157.285 767,9>) 2. 1.635.366 UryestriCt4d tw Reskithdlur 514.713 49.514 40.375 151.285 767. 2.X6 1.582.180 1,473,693 53,196 40.456 4.Z43 581281 34.675 99.889 151285 767.930 2.>)5 1.635.366 1,514,149 19-
HALOW PROJECT NOTES TO THE FINANCIAL STATEMENTS ICONnNUEDI FOR THE YEAR ENDED 31 MARCH Z023 hantsbk Forty•ardad 31 rch 2022 Total 2012 Sup Lhdny CniToIL4 ¢ty*Èny 366.168 24.e65 42.633 2512D7 774.097 55.359 1.514.149 %tyfur UtWE5titK< f(fftds Restrta Iwids 3Tr912 37.133 2512Q7 7T4.1 55.359 1,473.8YJ 40.456 3e6.f6J 24ffl5 42.533 251a)7 T74m7 55,359 1.514.149
HALOW PROJECT NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Fundraising activtties Unrtstrictpd Rèstrictèd funds funds 2023 2023 Total unresln.cted funds 2022 . 2023 Volunteer-led fvndTaising Trvsts Fundraising events Trading 223.102 223.102 282 83,451 3.777 91.489 282 83,451 3.777 74.199 821 Fundraising acbw.ties 310,330 282 310,612 166.509 21
HALOW PROJECT NOTES TO THE FINANCIAL STATEAIENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Ralliwfunds Totsi Unrwthcied RMtrl¢l¢d nds funds Tot Vur ds 2123 2023 2Tr2Z 2022 2022 FsI¢05ts Fundiai$iw&knbes Fund[ai$ityets Stsff costs 3StsYft 14J1J 84.17$ 64.192 47.799 14.556 B4.175 64.192 41.657 3.105 26.612 57.504 243 3.105 33.491 57.$04 6079 198 12.3 210.722 128.858 140. Ti¥di TiodifvJ 2&29 3,428 329 3.933 T1(51$ 4.262 204.313 12 216.6TT 133.150 144.62&
HALOW PROJECT NOTES TO THE FINANCIAL STATEMENTS ICONTINUEOI FOR THE YEAR ENDED 31 MARCH 2023 ChirfIa?C1l¥rtkn 8uMdlngAR•son T SOCI m10mlbutt Buddy SuppLWted Support Totsl Totsl 2VZ3 2ts23 2ts22 Staff c•sts 68.421 25249 50.630 .157 171.996 1923Q 611.3 15.042 1.311.783 235,455 1.1SD.228 194.746 126.814 4WM74 93.670 .7Tr 64269 191Xfj 626.4W2 1.547239 1.3M.974 8trth017WXithSts19ee ncn StrreoffgmCèrxts (See thxè il 197.518 10.yo 64.19) 3.426 34. 34x6 3P.YM $9.256 429.3 384.833 IW5 2.105 3,1 22.924 26.324 .932 151 117.58 1Th).7W 232m8 688.818 1,999.765 1.756.131 Anaty61&by fund Unresid 69T.293 148.140 13.149 1LX).1Tr) 232.B38 ,818 1..783 1.717.935 18.982 38.1 4.1 .932 161289 117.1e8 Ill>.7 232.830 688,618 1,999.765 1.756.131
HALOW PROJECT NOTES TO THE FINANCIAL STATEMÈNTS ICONnNUEDI FOR THE YEAR ENDED 31 MARCH 2023 Charllablptb¥ttks IC¢>Dltnupdl For1y9ndvd 31 Alrch 2022 BuikainyARwonTo SDrial InfonlIv) FululS Get Up Athl15 £ Awarunw ising 18.034 19240 Buddy SupportBd Support vlng Total 2022 Slaff cos 224.133 101.498 42.S35 19.4( 213.W 18.418 592.476 1.150.228 14.454 1YI.746 21.726 325.631 81.094 61.913 37214 Z32.1W Sl.930 1,344.974 iseÈM 7) 17&935 13.103 26.541 1MIS .387 2,421 35J87 2,421 S3n19 3,6)0 384,833 .324 514. 141532 75. 9310 e63&39 1.796.131 AoAlysls by fufrfj Unie5trity8d fu$ ReSbi¢l1LWs 484.sn 1.532 199 2.1fK7 269.910 663.639 1,717,835 38,196 514. 142.532 .299 75.082 269.910 663.539 1,756,131
HALOW PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Suppth costs Svpport Govèman costs costs 2023sUpr costs Governance costs 2022 Staff costs Depreciation Operating lease charges PmiseS costs Computèr costs Printing. r*)stage and telephone Stsff welfare and expenses SLJndry expense5 Bank Charges Bad d8bts 313.436 11.429 39,6rA) 50.484 20.160 313,436 11.429 39.600 50.484 20.160 294.906 11.341 38.250 43.669 18.276 294.906 11.341 38,250 43.669 18.276 12.317 12.317 11.463 11,463 30.554 3.940 475 11,400 20,309 20,309 2.986 238 899 3,10 475 11.4CQ 238 A¢countaney fees Legal and professional HR consultan 12.¢XM) 9.410 4.940 12.000 9,410 13.767 11.548 4.942 13.767 11.548 4,942 493.795 26.350 520.145 442.337 30.257 472,594 Analysed betrleen Fundraising Trading Charitable actmties 64,192 64.192 3.426 452,527 57.504 57.504 3.933 411,157 3.426 22.924 3.933 26,324 429.603 384,833 493.795 26,350 520,145 442,337 30,257 472.594 Net movement in funds 2023 2022 Net movement in furhY5 IS stated after charg1W{credi) Depreciation of owned tangible fixed ass•ts Operating lease charges 11,429 39,600 11.341 38.250 -25-
HALOW PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Auditorfs remuneration The anatysis ol audrtows remunerab.on is aÈ folJDWS: Fees payable to the charlS audit and a$slateS. 2023 2022 Audit of the tharivs annual ac¢Jnts 10,500 10.500 Other services to the charity NOaUdIt services 1.500 3.267 Total audit fees 12.000 13.767 10 Trustees None of the Trustèès lor any persons nnected with Iheml receNed any remuneration during the year. but 2 of them were reimbursed a totsl of £807 for travellirKJ expènses12022- none were reimbursed). 11 Employèès Number ol employèès The average mnthly number of emptyeos during the year was.. 2023 Number 2D22 Number AdmlnistratNe Fundraising Opèrational Management 79 72 91 B2 Employment costs 2023 2022 Wages and salaries SoGial $¢¢urity costs Other pension costs 1.534.133 133.526 41.735 1,334,761 107.942 35,922 1.709,394 1,478.625 The number of empk)yees whose anr1 remuneralion was £60.000 or mo we. 2023 Numb•r 2022 Nurnber £60,LK)0- £70.000
HALOW PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 IAARCH 2023 12 Taxation The charity i% exempl from tsx on incofft an¢1 ga lalling wtthin Secttin 505 of the Taxes Act 1988 or section 252 ¢f the Taxation of ChargeaNe Gains Acl 1992 to the extent that Ihese are applied to its charitable objects. 13 Tangible fixed asstts Fixtures fittings Cost At 1 April 2022 Additions Disposals 91,334 7.760 113.7381 At 31 March 2023 85.356 Depreciation and impainn•nt At 1 April 2022 Depreciation charged in the year Eliminated in spect of disposals 64.6SS 11.429 111.316) At 31 March 2023 64.768 Carrying amount At 31 March 2023 20,588 Al 31 March 2022 26.679 14 Debtors 2023 2022 Amounts falling due within one year: Trade debtors PpaYments ancl actrLJed inwmo 51.969 93,939 28.650 106.810 145.908 135,460 15 Crgditor$= arnounts fallin9 due within one year 2023 2022 Notes Other taxalson and social securty Deferred income Tradè uedittsrs Other CTeditors Accrua15 36.451 42.904 26,577 122,241 17,283 26,249 67.966 10.189 100,207 13,797 16 245.456 218,408 27-
HALOW PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 16 Oeferred incorne 2023 2022 Arising from Dgferred incom¥ 42.904 67,966 Deferred incLyne Is induded tn th$ firtaal statements in l¥"t)n to seM¢es invoiced in advance. 17 Retirement benèfit schemes Defined contrlbution $cmeS The charity ryerates a defined contribution Fension scheme for all qualifying employees. The assets of the scheme are held separately from thc6e of the charity an independenly administefed fund. The charge to profit or k)ss in respect of (lefined contributyw scFm¥s was £41.73512022- £35,922). 18 Movement in Fund5 The income funds of the tharity Cje restric fvrtds crjmwtsing thè follow.ng unèxpended balances of donations and grants held on Irustfor spÈcffiG purposÈs: Current year Movement in funds Balance at 1 Incomin9 Resources Balanc& at 31 April 2022 rsour¢es expended March 2023 Community FouThJats"on lor Sur SCC Send The Bailey Thomas ChaTitsble Twst Community Foundaton Grant National Loltery Communty Fund Ironmongers Company Sporls England's Queen PLalinum JUlee Groundworks UK Shènly F¢undatK)n The Wisley Foundation Catherine Woolford No Fear Bridge Olher l<£lkl 5,121 3.160 112,121} 1660) 2,500 15,000 5.241 5,652 2,840 49 15,000 9.280 8.970 2,840 3.330 2.125 2.000 3,Ocl 1.200 (4.0391 13.3181 13.2811 12.1251 12,0001 11,6671 16791 1.333 521, 3.000 1.778 511 2,723 11.4S6) Total Restricted Funds 8.792 60,468 131,346) 37,914 -28-
HALOW PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 18 Movèmènt in Funds (Continued) Community Found¥iion for Surrey Funds reeeived to go towarrjs the costs to expaThJ and devdop volunteering programmès. SCC SEND Funding was to prtyde markelin9 material. The Bailey Thomas Charitable Trust Funds received to be spent on costs ènd eqpIrnt ofARTGU Cook & Grow sessions. The Community Foundation Grant Funds recewed to cover costs of 2 halow adults vtho are not eligible for support thfQLigh adum so¢i81 services to join ARTGU IT Crowd se5sn$. Mational Lottery Community Fund Fvnds received to be Snt on runntng tosts olARTGU Cook & Grow sessions. Ironmon9ers Company Funds were provided for BFG Duke of Edintwrgh eqUIpfit. Sports England's Queen Platinum Jubilee Funds received lo be spent on 5FX)rts groups for Soc4al ActiWt$. Groundwork UK Funding from Tèsco Community Grant Scheme for the prowsitin of BFG ¢xrtd(x)r projects. Shanty Found•tign Funds received to cover the costs ol IT sessw5 knARTGU. The Wisley Foundation Fvnd$ recerved to be spènt on wnrting costs ofARTGU Cth)k & Grow sessions. Catherine Woollord Funds were pwded lof Ihe purchase of materials ne8ded for a she(1 lor BFG. No Fèar Brid FurKls recewed to be spent on running c05t5 (rfihe BFG project. Other This consists of immaterial restn.ctèd income funds.
HALOW PROJECT NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 18 Mov•ment in Funds continued) Prlor year Movement in funds Incoming Resources 8alancÈ at 31 r•sourc•s expended Narch 2022 "Balance at 1 April 2021 Community Found3bon f.or Surrey Hedley Foundation Guitdford Poylè Charity The Coleman Charitablè Twst Pèrcy Bilton Charity DougksArter Foundation AXA XL grant No Fear Bridge SCC Send Co-op Local Community Fundraising YFM Privaie Equity other(lk) 17,CK {11,8791 {4,0001 14.599) 11,000) {400} 15001 115.256) 110,000} 1840) 12001 11,0001 5.121 4,599 1.CK)O sc 15.256 10.OC>D 4,orA) 2C 1.0 3.160 511 511 Total R¢stsieted Funds 1.411 57.055 149,674) 8.792 19 Analysis of net assets beeen funds ijnrèstricted Rèstricted funds fvnds 2023 2023 Total untrICted fvnds 2022 Restricted funds 2022 Total 2023 2022 Fund b8knces at 31 March 2023 artr represented by: Tangible assèts Current assetsl{liabithtiesl 20.588 216,308 20.588 254.222 26.679 213,512 26,679 222,304 37.914 8,792 236.896 37.914 274,810 240,191 8,792 248,983
HALOW PROJECT NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 20 Operating lease commitrnents At the repth.ng end date Ihè rknnty had Inding commitments fot fure mintynum lease payynents under non-c8ncellable operating leases. which fall duè as follows= 2023 2022 Within one year Betyen two and five years 40.755 10,200 12.983 287 50,955 13,270 21 Related party transactions There we no disck)sable related party transadDn5 duriThJ Ihe year12022- Tr)nèl. Remunèration of key management pers•)nnel The remuneration of kèy m8nagemènt pèrsonngl is as fOl?wS. 2023 2022 Aggregatè compensabon 105.651 68.967 Company limited by guarantee halow project is a eompany limited by guarantee and accordingty tjoes rt have any shats capit01. Each director has trd9ed to contribute £1 in Ihe case the Charitable company becomès Jnsolvent. 23 Charges held A charge is held by Property Investrnent HoldirKJs Limited for the sum of £8,519 land such other suffls as rnay be dep051ted by the Gompany from time to time pursuant to the terms of the said dèed) the interest from bme to time 8¢crueil an(J any sums from b.me to time depc6iied in respecl of value added tax. 31
HALOW PROJECT NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 24 Cash generated from opera15ons 2023 2022 Surpluslldefbcit) for the year 25.827 198,427) Adjustments for.. Depreciation and impalmeni ot tangiblè fLxed assets Loss on disposal tsf fryed assets 11.429 2,422 11.341 Movements in working capital.. Ilncreèsèydecrease in debtors In¢rea5e in Greditors IDecreaseyincrease in (Jeferred income 110.448} 52,110 125.0621 9,883 20,579 35.088 Cash generated fromllabsorbed by) opèraiions 56.278 121.5361 -32-