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2022-03-31-accounts

Charity Registration No. 1118191 Company Number. 5936412 (England and Wales)

THE EXODUS PROJECT

REPORT AND ACCOUNTS

YEAR ENDED 31 MARCH 2022

THE EXODUS PROJECT

YEAR ENDED 31 MARCH 2022

TRUSTEES’ REPORT AND ACCOUNTS

CONTENTS

Page
Legal and administrative information 3
Trustees’ report 4 - 10
Independent examiner’s report 11
Statement of financial activities 12
Balance sheet 13
Notes to the financial statements 14 - 21

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THE EXODUS PROJECT LEGAL AND ADMINISTRATIVE INFORMATION

YEAR ENDED 31 MARCH 2022

Full name: THE EXODUS PROJECT
Registered charity number: 1118191
Registered company number: 5936412
Registered office & principal
address: Jenny’s Field
16b Main Street
South Hiendley
Barnsley
Trustees & Directors: Steven Aldred
Brian Cooper
Kirstie Hall
Ian Jackson -appointed 09/08/2021
Christine Thompson
Janet Wilson
Katie Wilson -appointed 09/08/2021
James Winpenny -resigned 01/04/2021
Chairperson: Janet Wilson
Company Secretary: Martin Sawdon
Bankers: The Co-operative Bank plc
Business Direct
P O Box 250
WN8 6WT
TSB Bank plc
Market Hill
Barnsley
S70 2PP
Independent Examiner: Angela Hayes
Community Accountant
BCVS Services Limited
Priory Campus
Pontefract Road
Lundwood
Barnsley
S71 5PN

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THE EXODUS PROJECT

TRUSTEES’ REPORT

YEAR ENDED 31 MARCH 2022

Structure, governance and management

The Exodus Project is a company limited by guarantee and a registered charity with the Charity Commission. The affairs of the charity are governed by its Memorandum and Articles of Association, dated September 2006. The charity, however, has been in operation since 2001. Upon creation of the limited company, ongoing operations, assets and liabilities of the former Exodus Project charity (registered charity number 1092985) were transferred to the new charitable company. The former charity was subsequently wound up and deregistered with the Charity Commission.

The charitable company has no share capital and the liability of each member in the event of winding-up is limited to a sum not exceeding £1. The trustees are responsible for the affairs of the charity and have control of the charity’s property and funds.

Appointment of trustees

The trustees are also directors of the company for the purpose of company law. The Board of Trustees is known as the Management Committee. The Management Committee seeks to ensure that its members cover a broad skills mix relevant to the needs and aims of the charity, its administration and financial oversight. Its members are broadly represented from various professional backgrounds and include members with finance and business expertise. However, the Management Committee continues to look for new members to enhance this skills mix.

Trustee training and induction

All current trustees were familiar with the practical work of the charity before their appointment. However, all trustees also receive regular briefings to enhance their knowledge of the charity, the context in which it operates and their roles and responsibilities as trustees.

Related parties

The charity has a trading subsidiary, The Exodus Project Trading Limited (registered company number 06281510), which is a wholly owned subsidiary of The Exodus Project. The company commenced trading in April 2014, the principle activity is the running of charity shops, selling items donated from the public. All profits are gift-aided to the charity.

Risk management

The Management Committee delegates to the officers of the charity the task of reviewing the major risks to which the charity is exposed, having regard to its size and current scale of operations. Where appropriate, systems or procedures have been established to mitigate the risks. These risks and procedures are regularly reviewed and updated at the quarterly Management Committee meetings.

Organisation structure

The charity has a Management Committee of up to 12 members who meet quarterly and are responsible for the strategic direction of the charity. Members are from a variety of professional backgrounds relevant to the work of the charity.

A scheme of delegation is in place and day to day responsibility for the provision of the charity’s services rests with the Development Manager and Project Manager who report regularly to the Management Committee. The Development Manager and the Project Manager are responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. They are also responsible for the day to day supervision of the staff team, including volunteers, and also for ensuring that the team continues to develop skills and working practices in line with good practice.

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THE EXODUS PROJECT

TRUSTEES’ REPORT continued

YEAR ENDED 31 MARCH 2022

Charitable aims and objectives

The Objects of the charity are to help and educate children and young people living in the area of benefit and surrounding area through their educational and leisure time activities, so as to develop their physical, mental and spiritual capacities, so that they may grow to maturity as individuals and members of society and their conditions and quality of live may be improved.

Public benefit statement

In shaping the objectives for the year, the trustees have paid due regard to the public benefit guidance published by the Charity Commission.

Annual report of activities, achievements and performance during the year

Winners of the Weston Charity Awards 2021

The headline for this year’s annual report is that Exodus were announced winners of the prestigious Weston Charity Awards in June 2021. This is a nationwide recognition of our work and came as an enormous boost to us all. The assessment process involved a rigorous examination of our operational policies, finances and of course our impact over the last 22 years. As well as a small grant from the Garfield Weston Foundation, who administer the awards, we were given 12 months of mentoring and guidance by a group called Pilotlight, and it is this year-long programme that we are excited to report further on now.

Exodus were allocated four business/charity experts to help us look in more depth at our work and assess how we can sustain and improve our already well established impacts. If the award itself wasn’t encouragement enough, the feedback we got from our mentors when they visited us on site and we met with them over the year, was immensely gratifying. They did of course identify areas for development and this has formed a 5-year strategic plan which we are very excited to see to fruition. Suffice to say at this stage, that it sees Exodus impacting the lives of even more vulnerable people in the years ahead.

Unquestionably, this recognition has raised our profile and served to reassure those new to our work of our credibility and track record. In one instance, we approached a new funder for support with our capital project at Jenny’s Field (see below) with only a minimal amount of information and detail shared. This resulted in a grant of £22,000. Such is the impact of having been through a thorough assessment process, that encourages others to get behind us too. It has been a real year of encouragement and affirmation of our long-standing work. We have been visited by the Lord Lieutenant and the High Sheriff of South Yorkshire on two occasions each. Their enthusiasm for our work was so uplifting and both are determined that we should seek nomination for the Queen’s Award.

Of course, we have always valued the almost daily feedback we get from our beneficiaries, and we have been delighted to quote some of this in recent Annual Reports. We are certain that sharing this with the Trusts and Foundations, and others who support us so faithfully, has motivated and encouraged them to continue. Who wouldn’t be encouraged by these sentiments:

“I’ve said it loads of times but it’s genuinely been one of the best experiences I think I’ve ever had. What with the trip, all the activities today, the photography experience, it’s been wonderful. And it’s been helping the community. I see now why people volunteer. It’s absolutely wonderful.” (CF – young volunteer – aged 15)

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THE EXODUS PROJECT

TRUSTEES’ REPORT continued

YEAR ENDED 31 MARCH 2022

“Enjoyed volunteering and will continue. You’ve all made a great improvement in my confidence, and the fact I’m finally getting courage to get out of the house without worry. The clubs are amazing and so are you guys. Hoping to see you more in September.” (MA – Young volunteer aged 18)

“AD and JD have loved it. AD wants to live at Jenny’s Field and JD wants to have a party there.” (parent)

“AS has had the most amazing day. Thank you for taking him.”(parent)

Our core work remains as ever and can be summed up as follows:

  1. The core of our work remains the mid-week activity clubs, 16 in total, all over Barnsley/Wakefield. Our activity clubs cater for 8-11’s and youth groups for 11-15’s. The idea is that they progress from one to the other, in the same way as they progress from Primary School to Senior School. These clubs help children and young people to explore their skills and potential in an atmosphere of fun and encouragement. We do dance, drama, crafts, music, sports and games, as well as an educational element focusing on citizenship skills.

  2. Because our work is focused on relationship building with local children and young people, the second aspect of our model involves them coming in their individual groups, to our activity centre for weekend camps. Again, we involve them in fun activities but the weekend camps are a chance to build on the trusting relationships we establish in the clubs. The kids are alongside trusted adults, who they regard as friends and even a second family in some cases. Weekend Camps are now back after the restrictions of the pandemic and set to get even more exciting as our building works progress (see below).

  3. The third aspect of our unique model involves home visits, which take place usually the night before an activity club. These are informal “doorstep chats” and involve taking a promotional flyer to their homes but crucially enable us to be accountable to parents and carers and explain our activities. Over the years we have been able to support the wider family in many different ways, both practically, emotionally and financially, with the help of a local benefactor.

  4. The fourth aspect of our model involves community partnerships. This involves supporting other groups, dedicated to improving their communities, with galas, clean up campaigns and “love where you live” initiatives. Over our 21 years we have amassed many resources and we are committed to supporting less well-resourced groups, who share similar aims. As well as use of our physical resources (play equipment, vehicles, etc…) we supply volunteers to support such events. As paragraph 5 explains, we have a track record for recruiting and developing young people as junior leaders. Over the years they have made a tremendous impact on their communities, with our support and guidance. In addition to the partnerships described above, we seek to build relationships with elderly person’s accommodations throughout the borough. Sheltered housing projects have welcomed our groups in to do presentations and build trust between the generations. This is particularly important in areas where such trust has been eroded over the years. The effects of social and economic disadvantage run deep and the fracture of inter-generational relationships is a very unwelcome outcome. We want to play our part in mitigating that.

  5. The most rewarding aspect of our model is the volunteer development programme we have established. So many of our 80+ volunteers are young people who have come through our activity programmes. So keen are they to remain involved when they leave our youth groups, they volunteer their time and skills to help in the younger age activity clubs where once they were members and beneficiaries. It really is an “everybody wins” scenario.

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THE EXODUS PROJECT

TRUSTEES’ REPORT continued

YEAR ENDED 31 MARCH 2022

This year we have once again attracted so many young people into volunteering and with the development of our retail operations, we now have a range of volunteering opportunities to offer. As well as the clubs, camps and home visits, our investment in young people extends to equipping them for the world of work or higher education, by offering volunteer experiences accompanied by mentoring and support from trusted adults.

  1. We continue to support the most vulnerable families with whom we have a relationship, by providing weekly food parcels. M&S and Morrisons both support us kindly by providing surplus food which we then distribute as part of our relationship building and support to the wider family.

Jenny’s Field Developments

Jenny’s Field is the name we give to our Headquarters and is the venue for our activity camps and some of our activity clubs. In fact, during the pandemic, it was the venue for all 16 activity clubs when we were not permitted to use our usual hired venues out on the estates. Rather than cancel clubs, we transported the children into our own place so they didn’t miss out. In so doing, the importance of relationship building and consistency, that is the hallmark of our approach, could be sustained.

For many years we have been trying to develop Jenny’s Field, to improve the leisure facilities, as well as the sleeping accommodation. Currently those on camp sleep in pop-up tents in one of two halls, which have to be set up and then packed away to make space to play. Our aim is to develop 4-person rooms (2 bunk beds in each) for the children to sleep in and keep their belongings rather than them cluttering the halls and other leisure spaces. We have raised £578,000 to date and work has started to create the new areas, but we are still some way short of our target to get all the works done. We hope to be reporting next year on a complete and successful project, but for now we are working hard to secure the shortfall. If we are unable to secure the remaining funds before the end of the initial contract, we will nonetheless have improved the facilities at Jenny’s Field considerably, thanks to the generous support of 16 Trusts and Foundations. Our aim will then be to get the winning Contractor back to complete the rest of aspirational works, when the remaining funds have been raised. It will of course be much cheaper if we can secure the funds, or have the costs underwritten, as part of one initial contract. This will also minimise disruption to our operations. In any event, as is our custom, we will be working flexibly to ensure our support to the communities we have been committed to for over 20 years, continues with as little disruption as possible.

Feedback and life stories

Over the years, we have shared comments from service users and anonymised life stories to demonstrate the impact of our work. This year we want to tell you about Rhianna and James*:

Rhianna is a Junior Leader/Volunteer aged 14 and is coping with the stress of her parent’s separation and impending divorce. As so often occurs, young people are not only facing the mental and emotional stress of such a dramatic change in their life circumstances, but they face the feelings of conflict and guilt when it comes to trying to maintain a relationship with parents who are not separating amicably. Rhianna also has the challenge of Social Services involvement and for our part we are seeking to support her and provide stability and consistency when her life seems to be in turmoil. She is involved in a number of different Exodus activities, even those not in her immediate area, in an effort to help distract her and build a network of support and encouragement. Her experience is not uncommon and the relationships we build enable us to engage in these ways all the time.

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THE EXODUS PROJECT

TRUSTEES’ REPORT continued

YEAR ENDED 31 MARCH 2022

When we first met James* 6 years ago his mother was coping alone with him after his dad recently left and a grandparent he was close to died. This had resulted in some disturbed behaviour at home and at school and James’s mum was desperate for some support. Since he had been coming to our activity club in his area, James found some new friends and a support network through our leaders. He came regularly on weekend activity camps at Jenny’s Field and often received awards for his contribution and behaviour. Exodus has made early impacts on young lives like this for many years and we can point to so many older teenagers. James for example, is now 15 and one of our most consistent and committed junior leaders. He is an excellent role model to the younger children he supports in the clubs he once attended, and on the weekend camps.

*Names Changed

Funding and Fundraising

It remains the case that the vast majority of our income is from Trusts and Foundations and this year, as in previous ones, we have attracted some new ones to supplement the many who have been alongside us for years. Quite simply, they are our lifeline. Since the majority of them do not commit to repeat annual donations, it is important that we don’t become overly dependent on 2 or 3 of the larger ones. We are constantly seeking the partnership and support of newly registered trusts and foundations that share our aims. Shared aims is the key here. There are thousands of Trusts and Foundations in Britain alone. All have their own specific areas of interest. Fortunately for Exodus, many of them like to support work among children and young people, especially those growing up in less advantaged communities and who may experience inequality of opportunity. The Trustees of Exodus want to affirm the kindness and philanthropy of those who set up such foundations with the aim of supporting society’s most vulnerable people.

As highlighted last year, in second place now, when it comes to income sources, is retail income. Our Town Centre shop, given to us in the period of this report rent and rates free, has been a roaring success. In fact, the Exodus Project Trading Limited is contributing £80,000 to the building works at Jenny’s Field, such has been it’s impact. Of course, none of this would have been possible were it not for the network of supporters we have built over the years, who are prepared to donate their unwanted, but saleable items. There are many uncertainties going forward, mainly to do with being able to remain in these premises and if we can’t, finding somewhere that is both affordable and accessible to our loyal customer base. What has never been uncertain is that our supporters will keep us supplied with saleable items. The longer we can remain in such a high profile and profitable location, the more our reputation will build and the more future donations we will secure. What marks our charity shops out as unique, is that we sell almost anything, and we are prepared to collect donated items in our van. We are building a solid reputation for excellent customer service and the fact that the proceeds help a very local charity, seems to inspire even greater support.

We continue to seek creative and imaginative ways to secure the income to sustain and build on our work. Our own fundraising is set to increase as the Jenny’s Field developments advance. We are expectant that many other local organisations will access the facilities, many of them paying groups. We are increasingly using our grounds and other assets to help other groups and at the same time raise some funds for our core activities. Our “Footsteps” scheme continues to attract individual and corporate sponsors through a monthly giving programme. This still has much more potential and we continue to seek ways to market it more effectively.

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THE EXODUS PROJECT

TRUSTEES’ REPORT continued

YEAR ENDED 31 MARCH 2022

Governance.

In the period of this report we have welcomed two new Trustees onto our Board – Katie Wilson and Ian Jackson. Their introduction has certainly added to the combined skills and experiences of the Board and Katie certainly brings down the average age! On a serious note though, the Board wish to express their sincere and heartfelt thanks to all those who have supported Exodus to get us to this point. We feel we are at a key milestone in our history with the Weston Charity Award and the strategic planning this has enabled. We are very excited about the future, in particular our aspirations to grow our outreach to the wider family. We have strong local partnerships already, that place us very well to help those most in need. We think the timing of the improvements to Jenny’s Field, the growth of our retail operations, the raising of our profile and our solid reputation, combine to make this a time when we extend our reach even further. Please continue to stand with us.

The charity’s policy on reserves

Reserves are needed to meet the working capital requirements of the charity and to ensure that the charity is able to meet all statutory obligations if funding is abruptly altered, or in the event of winding up. Additionally, now that the charity owns its own building, a provision is needed for unexpected maintenance and replacement costs in relation to the building.

Our overall policy is to work towards accumulating a contingency fund to cover unexpected essential maintenance costs, redundancy and other costs in the event of winding up, together with a provision for 3 months running costs. This will give the charity stability to continue activities in the future. A provision is also needed for future salaries costs, due to the short term nature of the funding. At the year-end unrestricted funds stand at £84,780 which includes the contingency fund of £40,000, salaries cost provision of £20,000 and the general unrestricted reserve of £24,780.

Exemptions

The trustees have taken advantage of the exemptions available to small companies, including the audit exemption.

Statement of trustee’s responsibilities

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity at the end of the year and of the surplus or deficiency for the year then ended.

In preparing those financial statements, the trustees are required to: select suitable accounting policies and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable. The trustees must also prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity, and enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

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THE EXODUS PROJECT

TRUSTEES’ REPORT continued

YEAR ENDED 31 MARCH 2022

Financial Review

The financial statements are set out in pages 12 to 21.

In common with other charities of a similar size and nature, the charity has limited resources and its ongoing operations are currently dependent on short-term funding from grant providers, together with financial support and fundraising from corporate and individual donors.

During the year, the charity generated incoming resources of £296,084 (2021: £250,305).

The trustees remain extremely grateful for the generosity of all of our grant providers (detailed in note 3 to the accounts), our personal and corporate donors and other supporters of the charity.

Total expenditure during the year was £300,476, resulting in a deficit for the year of £4,392. The deficit, however, includes the depreciation charge of £58,423.

The total funds at the year-end, including Fixed Assets, stand at £495,901 (2021: £500,293).

The general unrestricted fund stands at £24,780 at the year end (2021: £16,573). There is a sum of £40,000 designated to the contingency fund and £20,000 provision for future salaries cost.

Small company provisions

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees:

Signed _________ Dated: 17 October 2022

Janet Wilson, Chair/ Director

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THE EXODUS PROJECT

INDEPENDENT EXAMINER’S REPORT YEAR ENDED 31 MARCH 2022

I report on the accounts of the charity, which are set out on pages 12 to 21.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

The charity’s gross income exceeded £250,000 in this financial year. I am qualified to undertake the examination, being a Fellow Member of the Association of Accounting Technicians.

Basis of independent examiner’s report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

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

Signed _______ Date: 17 October 2022

Angela Hayes, FMAAT Community Accountant BCVS Services Limited Priory Campus, Pontefract Road, Lundwood, Barnsley, S71 5PN

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THE EXODUS PROJECT

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income & Expenditure Account)

YEAR ENDED 31 MARCH 2022

Unrestricted
Designated
Funds
Funds
Note
£
£
Income:
Gifts & donations
2
141,897
-
Grants
3
49,201
-
Subscriptions
5,488
-
Fundraising
1,294
-
Methodist Circuit service agreement
3,000
-
Earned Income
2,737
-
Other income
718
-
Total income
204,335
-
Expenditure
Salaries cost
8
147,082
-
Trips and weekends
2,127
-
Activities
3,702
-
Venue hire
690
-
Prizes
1,339
-
Transport
8,479
-
Clothing & uniform
365
-
Premises repairs & maintenance
3,209
-
Premises overheads & equipment
2,799
-
Pond development
3,479
-
Insurance
2,855
-
Utilities & cleaning
4,147
-
Training
655
-
Resources
140
-
Admin & office expenses
2,348
-
Fundraising costs
334
-
Volunteer & staff expenses
1,581
-
Accountancy
800
-
Depreciation
-
58,423
Other
1,170
-
Total expenditure
187,301
58,423
Net income/expenditure
17,034
(58,423)
Transfers between funds
(8,827)
25,121
Total funds brought forward
76,573
394,444
Total funds carried forward
84,780
361,142
13
14		 Restricted
Funds
£
14,458
77,291
-
-
-
-
-
91,749
37,707
2,757
536
-
638
814
-
-
202
11,000
-
439
128
-
265
-
106
-
-
160
54,752
36,997
(16,294)
29,276
49,979		 2022
Total
Funds
£
156,355
126,492
5,488
1,294
3,000
2,737
718
296,084
184,789
4,884
4,238
690
1,977
9,293
365
3,209
3,001
14,479
2,855
4,586
783
140
2,613
334
1,687
800
58,423
1,330
300,476
(4,392)
-
500,293
495,901		 __
2021
£
112,367
127,915
1,349
265
6,000
2,154
255
250,305
179,993
1,413
861
225
1,413
10,182
139
1,001
5,143
-
2,828
4,235
436
595
2,570
-
414
750
54,444
1,526
268,168
(17,863)
-
518,156
500,293

The Statement of Financial Activities includes all gains and losses recognised in the year. All the activities of the charitable company are classed as continuing. The designated funds are fixed assets held for the charity’s own use. The comparative figures for each fund are shown in notes to the accounts.

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THE EXODUS PROJECT

BALANCE SHEET

YEAR ENDED 31 MARCH 2022

Note
Fixed assets
Tangible assets
5
Total fixed assets
Current assets
Debtors
6
Cash at bank and in hand
Total current assets
Current liabilities
Creditors
7
amounts falling due within one year
Net current assets
Net assets
Funds of the charity
13
Unrestricted funds
Designated funds (Fixed Assets)
Restricted funds
Total funds		 2022
2021
£
£
£
£
361,142
394,444
361,142
394,444
65,633
12,900
75,319
100,529
140,952
113,429
(6,193)
(7,580)
134,759
105,849
495,901
500,293
84,780
76,573
361,142
394,444
49,979
29,276
495,901
500,293		 2022
2021
£
£
£
£
361,142
394,444
361,142
394,444
65,633
12,900
75,319
100,529
140,952
113,429
(6,193)
(7,580)
134,759
105,849
495,901
500,293
84,780
76,573
361,142
394,444
49,979
29,276
495,901
500,293
500,293
76,573
394,444
29,276
500,293

Exemption from audit

For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These accounts have been prepared in accordance with the provisions applicable to company’s subject to the small companies regime.

The trustees declare that they have approved the accounts above. Signed on behalf of the charity’s trustees:

Signed _____ Dated: 17 October 2022

Janet Wilson, Chair/ Director

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THE EXODUS PROJECT

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

1. Accounting policies

Basis of the preparation of the accounts

The financial statements have been prepared in accordance with 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 (FRS102)– (Charities SORP (FRS102)) and the Companies Act 2006.

The Exodus Project meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy note(s).

Income and expenditure has been analysed in the accounts using natural classification, in accordance with the provisions of Section 4.6,of the SORP (smaller charities).

Going Concern note

After reviewing the charity’s forecasts and projections and its reserves, the trustees have reasonable expectation that the charity has adequate resources to continue in operation for the foreseeable future. No material uncertainties exist in the 12-month period following the signing of these accounts. The charity therefore continues to adopt the going concern basis in preparing its financial statements

Incoming resources

All material incoming resources have been included in the Statement of Financial Activities when the charity is entitled to the income, when any performance conditions attached are met, when it is probable that the income will be received and when the amount can be measured reliably.

Donated goods and services

Donated facilities and services are recognised in the accounts, at the amount the charity would pay in the open market for a service equivalent to that being donated, when the charity would otherwise have purchased them and the value can be measured reliably.

Donated goods for the charity’s own use are recognised as income, at their fair value.

The contribution of general volunteers is not recognised as income in the charity accounts.

Resources expended

All expenditure is included on an accruals basis and is recognised as a liability is incurred. The charity is not registered for VAT and accordingly resources expended are shown gross of irrecoverable VAT.

Operating leases

Rentals payable under operating leases are charged to the Statement of Financial Activities on a straight line basis over the term of the lease.

Taxation

As a registered charity, The Exodus Project is exempt from corporation tax on income applied to its charitable activities.

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THE EXODUS PROJECT

NOTES TO THE FINANCIAL STATEMENTS continued

YEAR ENDED 31 MARCH 2022

Fixed assets and depreciation

Fixed assets are stated at cost or valuation at the date of acquisition. Minor additions costing below £500 are not capitalised. Depreciation is calculated to write down the cost or valuation less estimated residual value of all tangible fixed assets, with a cost exceeding £500, over their expected useful lives. The rates applicable are:

Buidling improvements - 7.5% on a straight line basis Fixtures, Fittings & equipment - 33.333% on a straight line basis Motor Vehicles - 10 to 20% on a straight line basis

Freehold property is not depreciated; it is maintained to a standard that the useful economic life is not diminished over time

Funds structure

The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity.

Restricted funds have been provided to the charity for particular purposes and may only be spent for the purposes for which they were given. Any balance remaining outstanding on a restricted fund at the end of the year is carried forward as a balance on the fund, unless permission has been given by the funder to remove the restriction on the balance outstanding.

Funds relating to capital expenditure are transferred to a designated fund against which depreciation is charged.

2. Gifts and donations

Unrestricted
Funds
£
D Harrell Award
-
Other Restricted Donations
-
Unrestricted Donations
69,111
Gift Aid
15,198
Gift from Trading Subsidiary Profit
57,588
Total
141,897		 Restricted
Funds
£
12,000
2,458
-
-
-
14,458		 2022
Total
Unrestricted
Funds
Funds
£
£
12,000
-
2,458
-
69,111
64,720
15,198
15,755
57,588
19,842
156,355
100,317		 2021
Restricted
Total
Funds
Funds
£
£
12,000
12,000
50
50
-
64,720
-
15,755
-
19,842
12,050
112,367

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THE EXODUS PROJECT

NOTES TO THE FINANCIAL STATEMENTS continued

YEAR ENDED 31 MARCH 2022

3. Grant income

Grant income
2022 2021
Unrestricted Restricted Total **Unrestricted ** Restricted Total
Funds Funds Funds Funds Funds Funds
£ £ £ £ £ £
BMBC - Ward Alliance Grants - 12,696 12,696 - 17,060 17,060
Local Authority Business Support Grants - - - 28,251 - 28,251
HMRC - CJRS Grants 201 - 201 - 7,434 7,434
Garfield Weston Foundation 6,500 - 6,500 - - -
S Yorkshire Community Foundation - 5,000 5,000 5,000 2,262 7,262
The Bernard Sunley Charitable Foundation - - - - 3,000 3,000
The Better Barnsley Bond - 3,474 3,474 - 5,000 5,000
The Trusthouse Charitable Foundation - - - - 19,350 19,350
The Liz and Terry Bramall Foundation 5,000 10,000 15,000 - - -
National Philanthropic Trust UK (NPT UK) - 22,000 22,000 - - -
The Beatrice Laing Trust - - - - 2,000 2,000
All Churches Trust - 11,250 11,250 - - -
The Randal Charitable Foundation - - - 5,000 - 5,000
Persimmon Charitable Trust - - - - 1,000 1,000
The Charles & Elsie Sykes Trust 2,000 - 2,000 2,000 - 2,000
BPL Charitable Trust 2,500 - 2,500 - - -
The Woodward Charitable Trust - - - 2,000 - 2,000
Barratt Developments - - - 1,000 - 1,000
R Walker Charity Trust 2,000 - 2,000 2,000 - 2,000
The Freshgate Trust Foundation 2,000 - 2,000 2,000 - 2,000
The Graham & Susan Harris Charity 7,500 - 7,500 7,000 - 7,000
The Harry Bottom Charitable Trust - - - 1,200 - 1,200
St James's Place Charitable Foundation - 7,476 7,476 2,500 - 2,500
West Riding Masonic Charities - - - 2,000 - 2,000
CKWAF - - - - 1,508 1,508
Ron Carbutt Trust Fund - - - - 500 500
Neighbourly Community Fund - - - - 400 400
The Schreier Foundation 1,000 - 1,000 1,000 - 1,000
May Hearnshaw Charity 1,400 - 1,400 600 - 600
Gemma & Chris McGough Foundation - - - 1,250 - 1,250
The Pat Newman Memorial Trust 1,500 - 1,500 1,000 - 1,000
Shaw Lands Trust 1,200 - 1,200 1,200 - 1,200
Souter Charitable Trust 3,000 - 3,000 3,000 - 3,000
The Anchor Foundation 1,400 - 1,400 - - -
The Hobson Charity - 3,995 3,995 - - -
The Archer Trust 3,000 - 3,000 - - -
Stockwell Cliffe Charitable Trust 1,400 - 1,400 - - -
The Lakehouse Charitable Foundation 1,400 - 1,400 - - -
The Cranswick Charitable Trust 1,000 - 1,000 - - -
The Dransfield Foundation 1,200 - 1,200 - - -
The Rank Foundation 900 - 900 - - -
The James Neill Trust Fund - 1,400 1,400 - - -
Marsh Charitable Trust 500 - 500 400 - 400
Brightbox Libraries Project 1,000 - 1,000 - - -
Other/anonymous 1,600 - 1,600 - - -
49,201 77,291 126,492 68,401 59,514 127,915

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NOTES TO THE FINANCIAL STATEMENTS continued

YEAR ENDED 31 MARCH 2022

___

4. Expenditure analysis by fund

Unrestricted Funds
Salaries cost
Trips and weekends
Activities
Venue hire
Prizes
Transport
Clothing & uniform
Building repairs & maintenance
Premises overheads
Pond development
Insurance
Utilities & cleaning
Training
Resources
Admin costs
Fundraising costs
Volunteer & staff expenses
Accountancy
Other
Restricted funds
Salaries cost
Trips and weekends
Activities
Venue hire
Prizes
Transport
Premises overheads
Pond development
Utilities & cleaning
Training
Resources
Admin costs
Volunteer & staff expenses
Other
Designated funds
Depreciation
Total Expenditure		 2022
£
147,082
2,127
3,702
690
1,339
8,479
365
3,209
2,799
3,479
2,855
4,147
655
140
2,348
334
1,581
800
1,170
187,301
37,707
2,757
536
-
638
814
202
11,000
439
128
-
265
106
160
54,752
58,423
58,423
300,476		 2021
£
130,421
347
73
-
106
5,570
139
1,001
5,092
-
2,828
3,949
156
159
1,879
-
364
750
956
153,790
49,572
1,066
788
225
1,307
4,612
51
-
286
280
436
691
50
570
59,934
-
54,444
54,444
268,168

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THE EXODUS PROJECT

NOTES TO THE FINANCIAL STATEMENTS continued

YEAR ENDED 31 MARCH 2022

.

5. Tangible Fixed Assets

Cost
as @ 01-Apr-2021
Additions
Disposals
as @ 31-Mar-2022
Depreciation
as @ 01-Apr-2021
Disposals
Charge this period
as @ 31-Mar-2022
Net Book Value
as @ 31-Mar-2022
as @ 31-Mar-2021		 Freehold
Property
£
140,000
-
-
140,000
-
-
-
-
140,000
140,000		 Property
Improvements
£
373,988
13,186
-
387,174
183,068
-
28,049
211,117
176,057
190,920		 Motor
Vehicles
£
98,234
-
-
98,234
65,409
-
10,725
76,134
22,100
32,825		 Computers
Total
& Equipment
£
£
101,970
714,192
11,935
25,121
-
-
113,905
739,313
71,271
319,748
-
-
19,649
58,423
90,920
378,171
22,985
361,142
30,699
394,444

6. Debtors

Amounts due from trading subsidiary
Other debtors & prepayments
Creditors
Accruals
PAYE liability
NEST Pension liability		 2022
£
57,588
8,045
65,633
2022
951
4,482
760
6,193		 2021
£
10,209
2,691
12,900
2021
£
3,354
3,550
676
7,580

7. Creditors

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THE EXODUS PROJECT

NOTES TO THE FINANCIAL STATEMENTS continued

YEAR ENDED 31 MARCH 2022

8. Staff costs and numbers

Salaries, including social security costs &
pension contribution		 2022
2021
£
£
184,789
179,993
184,789
179,993

No employee received emoluments of more than £60,000.

The average number of employees during the year was 8 (2021: 8).

9. Analysis of net assets by fund

Analysis of net assets by fund
Unrestricted
Designated
funds
funds
£
£
31/03/2022
Fixed assets
-
361,142
Current assets
90,973
-
Current liabilities
(6,193)
-
84,780
361,142
31/03/2021
Fixed assets
-
394,444
Current assets
84,153
-
Current liabilities
(7,580)
-
76,573
394,444		 Restricted
funds
£
-
49,979
-
49,979
-
29,276
-
29,276		 Total
funds
£
361,142
140,952
(6,193)
495,901
394,444
113,429
(7,580)
500,293

10. Trustees’ remuneration, benefits and expenses

No trustee received any remuneration during this or the previous financial year, or had any personal interest in any contract or transaction entered into by the charity.

11. Related party transactions

The charity received donations from The Exodus Project Trading Limited to the value of £62,963 (2021: £19,842).

There were no other related party transactions.

12. Independent examination and accountancy services

During the period, the cost of the examination and accountancy services was £800 (2021: £750).

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THE EXODUS PROJECT

NOTES TO THE FINANCIAL STATEMENTS continued

YEAR ENDED 31 MARCH 2022

13. Movements in funds

Unrestricted funds
General Unrestricted Fund
Contingency Fund
Provision for Salaries Costs
Designated funds
Fixed Assets
Restricted funds
BMBC - NE, Cudworth & Brierley Wards
S Yorkshire Community Foundation
The Trusthouse Charitable Foundation
D Harrell Award
The Liz & Terry Bramall Foundation
St James's Place Charitable Foundation
All Churches Trust
National Philanthropic Trust UK (NPT UK)
Better Barnsley Bond
The Hobson Charity
L Lenthall Fund
The James Neill Trust Fund
Ron Carbutt Trust
C Thompson
Uganda Donations
Building Fund Donations
Pond Development Project:
The Beatrice Laing Trust
The Bernard Sunley Foundation- Pond
Persimmon Charitable Trust
The Better Barnsley Bond
TOTAL FUNDS		 Opening
balance
£
16,573
40,000
20,000
76,573
394,444
394,444
1,523
-
16,753
-
-
-
-
-
-
-
-
-
-
-
-
-
2,000
3,000
1,000
5,000
29,276
500,293		 Incoming (Resources
resources
expended)
£
£
204,335
(187,301)
-
-
-
-
204,335
(187,301)
-
(58,423)
-
(58,423)
12,696
(10,414)
5,000
(1,260)
-
(16,753)
12,000
(12,000)
10,000
-
7,476
(963)
11,250
-
22,000
-
3,474
-
3,995
-
1,155
(141)
1,400
(1,336)
260
(260)
525
(525)
100
(100)
418
-
-
(2,000)
-
(3,000)
-
(1,000)
-
(5,000)
91,749
(54,752)
296,084
(300,476)		 Transfers
£
(8,827)
-
-
(8,827)
25,121
25,121
-
-
-
-
-
-
(7,811)
-
(3,474)
(3,995)
(1,014)
-
-
-
-
-
-
-
-
-
(16,294)
-		 Closing
balance
£
24,780
40,000
20,000
84,780
361,142
361,142
3,805
3,740
-
-
10,000
6,513
3,439
22,000
-
-
-
64
-
-
-
418
-
-
-
-
-
49,979
495,901

14. Fund Transfers

Funds for the purchase of fixed assets of £25,121 were transferred to the designated Fixed Asset fund, in accordance with the Fixed Asset policy.

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NOTES TO THE FINANCIAL STATEMENTS continued

YEAR ENDED 31 MARCH 2022

15. Restricted Funds

| P a g e 21