PLIAS RESETTLEMENT LTD Company Limited by Guarantee Financial Statements Year ended 31 December 2021 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows Notes to the financial statements 8-16
PLIAS RESETTLEMENT LTD Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 December 2021 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2021. Reference and administrative details Registered charity name PLIAS RESETTLEMENT LTD Charity registration number 1119468 Company registration number 5644439 Principal office and registered Unit 12, Bridge Park Complex office Harrow Road Brentfield NW10 ORG London The Management Committee The Management Committee who served the charity during the period were as follows: Mr David Truswell (Chair) Mrs Noreen Muir (Treasurer) Mr Michael Lazarus (Trustee) Mr Tajean Hutton (Resigned 16 March 2021) Senior Management Team Ms Norma Hoyte (Company Secretary & Director) Mr Tom Chandler (Director) Accountants Pearlman Rose Chartered Accountants 39-40 Skylines Village Limeharbour, Docklands London E14 9TS Bankers HSBC Bank PIC 122 Wembley Park Drive Middlesex HA9 8HT
PLIAS RESETTLEMENT LTD Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 December 2021 PLIAS Resettlement is a community based not-for-profit organisation and charity that reduces re-offending by providing support, advice, and guidance to people with criminal convictions. Our services are primarily available to residents of the London Boroughs of Brent and Harrow and other Boroughs in West London. Our vision is to work collaboratively and constructively through a partnership approach to help make neighbourhoods a safer place for the community. We work towards combating crime, reducing the risks of reoffending, reducing the fear of crime, and supporting alternative cholS for individuals who may be at risk of committing crime. We are guided by a set of principles that characterise the work we do and which inform our approach to leading and developing our people. We Value: We ensure staff and volunteers are equipped with the skills, expertise and knowledge to effect positive change. We Work Together: We believe in working with others and building strong partnerships and collaborations to deliver positive change We Listen: We listen to and learn from clients ensuring their voice is heard and acted upon within the organisation to frame better service delivery. We are committed to continual improvement We Include: We treat all with respect and dignity, recognising and embracing diversity and supporting all to achieve their goals. We Achieve: We achieve positive outcomes by delivering quality services that meet the needs of clients in a non-judgemental environment The last year has seen PLIAS Resettlement continue to successfully build its reputation and influence while growing as an organisation and moving into the new post-pandemic delivery environment. This growth has also been the occasion to recognise the need to take on the challenges of being a larger organisation. We have now moved into our new location in the Ealing area and are beginning to explore further the opportunities provided by the larger premises and our liaison with new local partners. Tom Chandler achieved a distinction in his MBA which is all the more remarkable for being awarded to a candidate from the not-for- profit sector. As well as congratulating him, we welcome his application of his new knowledge to the future development of the organisation. One of the challenges of being a larger organisation is the need to review our HR functions and we have already begun the process of implementing an HR strategy to take this forward. As a larger organisation we also recognise the need to review and expand our board membership, which I will be taking a lead on with support from existing Trustees and the CEOS. Services went from strength to strength this year and of particular note is the initiative to write a book giving voice to the experience of women who have experienced domestic violence and coercion supported by the Phoenix PACT project. The book launch in May was an exhilarating event and a testament to the resilience and courage of the contributors. An important reminder to us all of the value of the work we are doing and also the value of finding places and opportunities to speak about and share the work we are doing. So while not without its challenges it is important to recognise that PLIAS has taken some big and bold steps over the past year and more of the same is planned in the coming 12 months.
PLIAS RESETTLEMENT LTD Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 December 2021 Trustees. responsibilities statement The trustees are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the applicable Charities SORP; make judgments and accounting estimates that are reasonable and prudent; 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 adequate accounting records that are sufficient to show and explain the charity's transactions and 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 Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Reserve statement The trustees have been keen to ensure that PLIAS Resettlement have been able to take advantage of appropriate funding opportunities to undertake its work. The trustees will continue to maintain levels of reserves sufficiently to cover the charity's obligations in the event of winding up. Independent examiner Mohammad Jilani has been re-appointed as independent examiner for the ensuing year. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on . trustees by: and signed on behalf of the board of D Truswell Chair of the Board of Trustees
PLIAS RESETTLEMENT LTD Company Limited by Guarantee Independent Examiner's Report to the Trustees of PLIAS RESETTLEMENT LTD Year ended 31 December 2021 I report to the trustees on my examination of the financial statements of PLIAS RESETTLEMENT LTD ('the charity,) for the year ended 31 December 2021. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examinerfs statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination; or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mohammad Jilani Independent Examiner Date Pearlman Rose Chartered Accountants 39-40 Skylines Village Limeharbour, Docklands London E14 9TS
PLIAS RESETTLEMENT LTD Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 December 2021 2021 Restricted funds Total funds 2020 Unrestricted funds Total funds Note Income and endowments Charitable activities Investment income 275,189 33 525,257 800,446 33 814,402 249 Total income 275,222 525,257 800,479 814,651 Expenditure Expenditure on charitable activities Total expenditure 294,548 448,110 742,658 697,191 294,548 448,110 742,658 697,191 Net income and net movement in funds (19,326) 77,147 57,821 117,460 Reconciliation of funds Total funds brought fonmard Total funds carried forward 331,128 75,243 406,371 288,911 311,802 152,390 464,192 406,371 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 8 to 16 form part of these financial statements.
PLIAS RESETTLEMENT LTD Company Limited by Guarantee Statement of Financial Position 31 December 2021 2021 2020 Note Fixed assets Tangible fixed assets 13 66,184 61,692 Current assets Debtors Cash at bank and in hand 14 5,659 697,736 703,395 20,850 345,224 366,074 Creditors: amounts falling due within one year Net current assets 15 305,387 21,395 398,008 344,679 Total assets less current liabilities Net assets 464,192 406,371 464,192 406,371 Funds of the charity Restricted funds Unrestricted funds 152,390 311,802 75,243 331,128 Total charity funds 17 464,192 406,371 For the year ending 31 December 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476" The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The al statements were approved by the board of trustees and authorised for issue on and are signed on behalf of the board by: nan D Truswell Trustee The notes on pages 8 to 16 form part of these financial statements.
PLIAS RESETTLEMENT LTD Company Limited by Guarantee Statement of Cash Flows Year ended 31 December 2021 2021 2020 Cash flows from operating activities Net income 57,821 117,460 Adjustments for.. Depreciation of tangible fixed assets Other interest receivable and similar income Interest payable and similar charges Accrued expenses 11,679 (33) 134 10,887 (249) 494 1,750 Changes in.. Trade and other debtors Trade and other creditors 15,191 283,992 68,135 3,339 Cash generated from operations 368,784 201,816 Interest paid Interest received (134) 33 (494) 249 Net cash from operating activities 368,683 201,571 Cash flows from investing activities Purchase of tangible assets Net cash used in investing activities (16,171) (16,171) (34,843) (34,843) Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 352,512 345,224 166,728 178,496 697,736 345,224 The notes on pages 8 to 16 form part of these financial statements.
PLIAS RESETTLEMENT LTD Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2021 General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Unit 12, Bridge Park Complex, Harrow Road, Brentfield, NW10 ORG, London. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
PLIAS RESETTLEMENT LTD Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2021 Accounting policies (continued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of ServIS is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets All fixed assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation. Any fixed assets carried at revalued amounts are recorded at the market value at the balance sheet date.
PLIAS RESETTLEMENT LTD Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2021 Accounting policies (continued) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Equipment 15_20% oncost Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 10-
PLIAS RESETTLEMENT LTD Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2021 Accounting policies (continued) Financial instruments (continued) Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee The charity is a company limited by guarantee and has no share capital. 11
PLIAS RESETTLEMENT LTD Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2021 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2021 Charity Aid Foundation Youth Futures Foundation LTEN DWP JRS Grant Prospects Information & Support G4S Family Works London Community Foundation Lloyds Foundation Paddington Development Trust Young Brent Foundation Brent Council - Tools4change Action West London Asian Women's Resource Centre GLA Young London Brent Carers Centre Other Income 125,240 145,349 125,240 145,349 17,680 2,387 11,055 127,710 104,184 16,200 25,000 35,350 24,375 17,300 56,000 25,222 64,331 2,448 615 17,680 2,387 11,055 127,710 104,184 16,200 25,000 35,350 24,375 17,300 56,000 25,222 64,331 2,448 615 275,189 525,257 800,446 Unrestricted Funds Restricted Total Funds Funds 2020 JRS Grant Prospects Information & Support G4S Family Works London Community Foundation Lloyds Foundation Paddington Development Trust GLA Young London City Bridge Trust Brunel University Brent Council - Breaking Barriers Project Action West London CHK Foundation National Lottery Asian Women's Resource Centre 11,075 11,075 216,275 225,847 103,917 32,800 10,000 42,794 19,975 1,160 17,500 31,000 45,000 19,484 37,575 216,275 225,847 103,917 32,800 10,000 42,794 19,975 1,160 17,500 31,000 45,000 19,484 37,575 490,857 323,545 814,402 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2021 Funds 2020 Interest receivable 33 33 249 249 12-
PLIAS RESETTLEMENT LTD Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2021 Expenditure on charitable activities by activity type Unrestricted funds Restricted Total funds funds 2021 Total funds 2020 Wages & Salaries Directors remuneration Employer's Nl Rent payable Repairs & maintenance Insurance Printing, postage & stationary Telephone & fax Education training & Project costs Travel & subsistence Volunteer expenses Staff welfare Governan costs 85,711 61,287 9,471 9,917 6,204 3,048 21,284 7,445 18,049 367 6,285 10,258 55,221 327,777 49,275 33,579 413,488 110,562 43,050 9,917 11,591 3,048 22,409 7,445 48,429 525 6,285 10,687 55,221 295,466 129,937 39,729 11,295 5,724 2,225 19,561 6,627 98,151 1,896 3,913 12,529 70,138 5,387 1,125 30,380 158 429 294,547 448,110 742,657 697,191 Governance costs 2021 2020 Accountancy fees Consultancy fees Professional fees Bank charges Depreciation 5,600 8,105 29,704 134 11,678 5,600 32,099 21,058 494 10,887 55,221 70,138 Net expenditure Net expenditure is stated after charging/(crediting): 2021 2020 Depreciation of tangible fixed assets 11,679 10,887 Independent examination fees 2021 2020 Fees payable to the independent examiner for: Independent examination of the financial statements 2,900 2,900 13-
PLIAS RESETTLEMENT LTD Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2021 10. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2021 2020 Wages and salaries Social security costs Employer contributions to pension plans 509,825 43,050 14,225 412,469 39,729 12,934 567,100 465,132 The average head count of employees during the year was 18 (2020: 14). The average number of full-time equivalent employees during the year is analysed as follows: 2021 No. 2020 Number of staff - Administration Number of staff - Management 16 12 18 14 No employee received employee benefits of more than £60,000 during the year (2020: Nil). 11. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 12. Tangible fixed assets Equipment Total Cost At 1 January 2021 Additions 212,845 16,171 212,845 16,171 At 31 December 2021 229,016 229,016 Depreciation At 1 January 2021 Charge for the year At 31 December 2021 151,153 11,679 151,153 11,679 162,832 162,832 Carrying amount At 31 December 2021 66,184 66,184 At 31 December 2020 61,692 61,692 14-
PLIAS RESETTLEMENT LTD Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2021 13. Debtors 2021 2020 Trade debtors Other debtors 15,355 5,495 5,659 5,659 20,850 14. Creditors: amounts falling due within one year 2021 2020 Trade creditors Accruals and deferred income Social security and other taxes Other creditors 2,613 4,250 294,604 3,920 8,007 4,250 4,987 4,151 305,387 21,395 15. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £14,225 (2020: £12,934). 16. Analysis of charitable funds Unrestricted funds At 1 January 2021 At 31 December 2021 Income Expenditure General funds 331,128 275,222 (294,548) 311,802 At 1 January 2020 At 31 December 2020 Income Expenditure General funds 260,661 491,106 (420,639) 331,128 15-
PLIAS RESETTLEMENT LTD Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2021 Restricted funds At 1 January 2021 At 31 December 2021 Income Expenditure Restricted Funds 75,243 525,257 (448,110) 152,390 At 1 January 2020 At 31 December 2020 Income Expenditure Restricted Funds 28,250 323,545 (276,552) 75,243 17. Analysis of changes in net debt At At 1 Jan 2021 Cash flows 31 Dec 2021 Cash at bank and in hand 345,224 352,512 697,736 16-