REGISTERED COMPANY NUMBER: 06306299 (England and Wales) REGISTERED CHARITY NUMBER: 1121228
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
FOR
STREETS2HOMES
Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH
STREETS2HOMES
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 July 2021
| Page | |
|---|---|
| Chief Executive Officers Report | 1 to 3 |
| Report of the Trustees | 4 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 20 |
| Detailed Statement of Financial Activities | 21 to 22 |
STREETS2HOMES
CHIEF EXECUTIVE OFFICERS REPORT for the Year Ended 31 July 2021
2020 - 2021 Summary
This year has been both challenging and rewarding for us as an organisation. We have continued to find new ways of working in response to the regularly changing rules around lockdown, ensuring services are delivered in the safest and most effective ways possible.
In the past year we have seen 299 new clients, this is an increase on last year but still a reduction of new clients compared to previous years. Fortunately, so far evictions have remained low since the Covid-19 eviction protection regulations were implemented by the government.
In addition to our new clients, we have continued to provide support and advice for 421 existing clients. 3,321 contacts were made during this financial year.
We have been working hard on implementing a three year strategy and business plan. Restructured the staffing team, co-produced new procedures with relevant stakeholders and implemented new ways of working to ensure we are providing the most effective services and meeting needs.
Staff have taken part in lots of on-line webinars, conferences and training including Mental Health First Aid, Trauma Informed Care, Psychologically Informed Environments, J9 training to name just a few. Bromley Cottages are now also accredited as a J9 provision i.e., a safe place where anyone who is living with abuse can go there to gain advice and be signposted to specialised services. We have also been developing and implementing the critical time intervention model throughout our projects which has so far had a positive impact on outcomes.
Recovering from the pandemic
We received funding from Essex County Council to help us overcome the issues created by COVID and related poverty. This funding enabled us to purchase such things as an awning to provide shelter, and food and provisions to ensure we could open the centre safely and provide meals to those in need with minimal risk. This really helped us as we were still unable to fundraise in the way we would usually, again we had to cancel the annual sleep out due to government guidance and risk.
Unfortunately, the pandemic caused a delay in the garden room being built at Bromley Cottages - when we could have used the extra space more than ever. The building should be complete and in use within the first half of our next financial year.
In April we had two wonderful nurses from the NHS come into the centre and provide COVID Vaccinations for our clients, in total 22 vaccinations were administered and gratefully received. A huge thank you to all involved in enabling this.
Astro Lighting have continued to support us and this has been particularly helpful as we could not take in donations of clothing etc for such a long period of time that we were unable to provide essential starter packs for those in need. Astro also provided funding for us to purchase the necessary items to provide starter packs among other things.
Wincanton are now supporting us with donations of new mattresses, fridge freezers etc. through the warehouse returns they receive.
We have received support from so many individuals, businesses and organisations we cannot list all of them, but we are truly grateful for all the support we receive.
What was achieved during the year?
Data for 2020-2021 299 new clients 129 housed in the private rented sector
180 prevented from becoming homeless
12 reconnected to the area they have established link and offer of accommodation
3 housed in the specialised women's accommodation project
19 housed in the Step2 Project
Page 1
STREETS2HOMES
CHIEF EXECUTIVE OFFICERS REPORT for the Year Ended 31 July 2021
2020 - 2021 Summary
The chart below highlights that prevention interventions are effective; it is far better to prevent homelessness in the first place.
As the chart above shows the number of rough sleepers remained low throughout the year, the combination of having Bromley Cottages and the 'everyone in' government decision during the pandemic has certainly had a positive impact on this trend.
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STREETS2HOMES
CHIEF EXECUTIVE OFFICERS REPORT for the Year Ended 31 July 2021
This year has allowed us as an organisation to take a breath, review, adapt, improve and look to develop services further to ensure those who are homeless or at risk of becoming so are able to access support and services that will meet their needs and improve their opportunities.
I would like to say a big thank you to all our supporters, partners, volunteers, trustees, staff and clients for being so wonderful and making this organisation such an honour to be part of.
Kerrie Eastman
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STREETS2HOMES
REPORT OF THE TRUSTEES for the Year Ended 31 July 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objects of the Charity
The Charity's aims are to relieve poverty by the provision of advice, information, and practical support particularly to homeless persons unable to provide their own accommodation because of their economic, social or health circumstances.
Mission Statement
Streets2Homes provides holistic and practical support to individuals without homes and those at risk of becoming homeless. By working to remove barriers to housing and other opportunities, we provide an environment which enables those to feel safe and secure, empowering them to take control of their life and future.
This is delivered through the provision of a safe and friendly environment which enables resolutions for those facing housing difficulties or those without homes. We provide individualised services to meet both immediate and long-term needs. We believe everyone has the right to a home and opportunities to achieve their full potential free from discrimination ensuring everyone is treated with dignity and respect.
The Board of Trustees administers the charity and meets regularly. Certain individuals have particular areas of expertise and therefore responsibilities such as housing law and finance.
The employed Chief Executive Officer (CEO) of Streets2Homes is appointed by the Trustees to manage the day-to-day operations of the charity and has an agreed level of delegation for operational matters including vision and direction, finance, and performance related activity. The CEO is responsible for ensuring that the charity delivers the services specified, that key performance indicators are met and to supervise and lead the staff and volunteers.
Public benefit
Streets2Homes will continue to take its responsibilities of ensuring that its charitable activities contribute a great deal to the lives of those within Harlow and the overall area of benefit. With reference to the Charities Act 2006 all our charitable activities are directed towards having a lifelong impact on the local area and these activities are undertaken to further our charitable purposes for the public benefit. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting policy for the year.
Staff
The biggest asset of any organisation is its staff. We are very fortunate in having a professional and compassionate team led by Kerrie Eastman, our Chief Executive Officer. She is an inspiring and experienced leader with excellent inter-personal skills and a commitment to continuous improvement in all areas of our activity. The team are all focussed on improving the lives of our clients and take every opportunity to promote the organisation within the various sectors of Harlow's community. As well as working closely with our local authority Streets2Homes is a major contributor to the Harlow Homeless Prevention Partnership and many other multi agency forums which comprise of representatives from both the statutory and voluntary sectors.
Throughout the year we continued to face the impact of the COVID-19 global pandemic. It seriously impacted on how we delivered essential services to those, often, the most vulnerable in Harlow. We managed to continue to run a reduced service from the centre, with staff providing support on an appointment basis and working remotely whenever possible. For much of the year food preparation and distribution was organised on a takeaway basis to ensure social distancing was achieved and minimising risks. The whole response to COVID-19 has been very difficult but the outreach services to clients have continued throughout which is a considerable achievement for the charity.
The Chief Executive Officer, the Operations Manager and the Supported Accommodation Manager form the senior management team of the charity. The arrangements for setting the pay of key management are in line with a charity of this size whereby benchmarks of similar sized charities are used for comparison and also linked to the annual appraisal process.
A high priority is staff training to build on their skills in supporting clients and identifying their barriers into society. Members of the team have attended a number of conferences and forums to represent Streets2Homes and to exchange good practice.
We could not provide the welcoming and friendly service without our volunteer team who provide invaluable services such as hosting our clients, meeting their basic needs by providing clothing and equipment, cooking and cleaning and friendship. Training at various levels is provided to all our volunteers, some of whom are former clients who are able to gain voluntary work experience helping them move back into work.
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STREETS2HOMES
REPORT OF THE TRUSTEES for the Year Ended 31 July 2021
OBJECTIVES AND ACTIVITIES
Trustees
Throughout the year the Board of Trustees met regularly (at least four weekly) via Zoom with the Chief Executive Officer to hear feedback on the current issues and make decisions as and when required.
The Trustees completed the governance review in 2020 with an external specialist consultant and following much work by our Chair and Company Secretary the Charity Commission approved our updated MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED (9 JULY 2007) on 31 Mar 2021.
During the year we finalised and approved our three-year strategic plan and accompanying action plans which guides our work through to 2023.
We have had three trustee departures this financial year with Chris Osei, Graham Bullock stepping down, and Janice Feavearyear retiring after nine years continuous service (as per our rules). We thank them all. Janice will remain as a volunteer at the Centre which is particularly gratifying given her long association with the charity and the sterling work she has done as Company Secretary, so we retain her organisational memory.
We were joined as trustees by Rachel Bartlett in February and Lucy Holmes in April and very much look forward to working with them going forward.
Madeleine Glaisher stepped down as Chair at our May AGM (Annual General Meeting) though will remain on the Board as a trustee. Our sincere thanks go to her for the calm and focussed way she has led the Board through the governance and strategic reviews and the unprecedented challenges thrown up by the COVID-19 pandemic.
All in all, the Trustees have had a very busy year and, along with the CEO, have had to learn and adapt to different ways of working to ensure the charity continues to flourish.
Trustee Recruitment
The Board of Trustees carries out regular reviews to identity any gaps in the knowledge and experience of our Board needs to further Streets2Homes' work. Potential new trustees are required to submit an application form, and if taken forward they are then invited to attend a Board meeting, following which they attend an interview, and if both parties are happy and willing to continue, their application is submitted to the next scheduled trustees meeting for confirmation of appointment. Induction involves a tour of the premises, attending meetings with beneficiaries, staff and other key stakeholders. New trustees are provided with access to relevant policy and procedure documents that are appropriate to the role they undertake as trustees.
ACHIEVEMENT AND PERFORMANCE
Fundraising
The Charity understands its duty to protect the public, including vulnerable people, from unreasonably intrusive or persistent fundraising approaches, and undue pressure to donate. The charity does not use any internal fundraisers or external fundraising agencies for either telephone or face to face campaigns. The charity received no fundraising complaints in the year.
FINANCIAL REVIEW
Reserves policy
The Trustees regularly undertake a review of the financial activities to ensure the charity has sufficient reserves in order to operate in both the short and longer term. The past year has been particularly challenging and given the charity's main source of funding at the moment is a large government grant the Trustees have determined that the appropriate level of reserves should be approximately twelve months expenditure to allow us to continue to run services while sourcing other funds.
The charity's reported level of free reserves (total funds less the amount held in fixed assets and restricted funds) is £331,360. Within this figure we have 'designated' £58,663 to the Pathway Project contingency fund and a further £62,719 ideally towards setting up a further accommodation/crash pad type project in the coming year should our funding position permit. The level of free reserves is considered to be adequate to meet the charity's immediate needs given the uncertainties around securing grant funding.
Going concern
The Trustees have assessed the impact of Covid-19 on our finances and operations for the coming year. Cash flow forecast and budget projections have been reviewed and the Board of Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing the financial statements.
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STREETS2HOMES
REPORT OF THE TRUSTEES for the Year Ended 31 July 2021
FUTURE PLANS
As the number of people, we are housing increases so does the need to support them to maintain their tenancies, ensure they continue to build on the skills and progress they have made and to avoid a revolving door situation. We hope to be able to develop and implement more specialised services for those who have complex needs and / or who are difficult to house. We are committed to increasing opportunities for our clients and reducing the number of rough sleepers. We are actively looking to secure another property to enable us to provide supported accommodation for those who have exhausted other housing options and are most at risk of rough sleeping.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Risk management
We, in collaboration with the CEO, continue to assess, review and plan for all risks the organisation may face now and in the future. All new projects and activities developed and run by Streets2Homes undergo a risk assessment before they begin. This process highlights awareness to the potential risks faced and will assist with the development of robust contingency plans.
The trustees have identified the risks to which the charity is exposed and have implemented procedures to manage those risks. The risks of the Charity are reviewed at Trustee meetings on a regular basis.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06306299 (England and Wales)
Registered Charity number 1121228
Registered office
2 Wych Elm Harlow Essex CM20 1QP
Trustees
Madeleine Glaisher - Chair (to May 2021), Vice Chair (from May 21) Graham Bullock (resigned 20.1.21) Mr Andrew Winders - Vice Chair (to May 21), Char (from May 21) Paul Bartlett - Treasurer Janice Feavearyear (resigned 10.5.21) Christopher Osei (resigned 10.8.20) Ms Rachel Bartlett (appointed 8.2.21) Ms Lucy Holmes (appointed 31.3.21)
Company Secretary
Independent Examiner
Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH
Apr 25, 2022 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
P J Bartlett .............................................................................. P J Bartlett (Apr 25, 2022 11:07 GMT+1) Paul Bartlett - Trustee
Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STREETS2HOMES
Independent examiner's report to the trustees of Streets2Homes ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your 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 examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales 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 Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
mwbrindley
mwbrindley (Apr 25, 2022 12:07 GMT+1)
Maurice Brindley BSc FCA Institute of Chartered Accountants in England and Wales Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH
Date: ............................................. Apr 25, 2022
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STREETS2HOMES
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 July 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 24,988 Charitable activities Relief of poverty - Other trading activities 2 4,861 Investment income 3 51,590 Total 81,439 EXPENDITURE ON Raising funds 96 Charitable activities Relief of poverty 52,071 Total 52,167 NET INCOME/(EXPENDITURE) 29,272 Transfers between funds 10 (13,551) Net movement in funds 15,721 RECONCILIATION OF FUNDS Total funds brought forward 315,640 TOTAL FUNDS CARRIED FORWARD 331,361 |
Restricted funds £ 11,631 187,800 1 20 199,452 - 309,999 309,999 (110,547) 13,551 (96,996) 195,649 98,653 |
31.7.21 31.7.20 Total Total funds funds £ £ 36,619 52,910 187,800 351,888 4,862 15,846 51,610 58,155 280,891 478,799 96 840 362,070 324,047 362,166 324,887 (81,275) 153,912 - - (81,275) 153,912 511,289 357,377 430,014 511,289 |
|---|---|---|
The notes form part of these financial statements
Page 8
STREETS2HOMES (REGISTERED NUMBER: 06306299)
BALANCE SHEET 31 July 2021
| Unrestricted funds Notes £ CURRENT ASSETS Debtors 8 318 Cash at bank and in hand 346,335 346,653 CREDITORS Amounts falling due within one year 9 (15,293) NET CURRENT ASSETS 331,360 TOTAL ASSETS LESS CURRENT LIABILITIES 331,360 NET ASSETS 331,360 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - 98,654 98,654 - 98,654 98,654 98,654 |
31.7.21 Total funds £ 318 444,989 445,307 (15,293) 430,014 430,014 430,014 331,360 98,654 430,014 |
31.7.20 Total funds £ 318 526,323 526,641 (15,352) 511,289 511,289 511,289 315,640 195,649 511,289 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006.
- The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were Apr 25, 2022 signed on its behalf by:
P J Bartlett
P J Bartlett (Apr 25, 2022 11:07 GMT+1) ~~.......................~~ ...................... Paul Bartlett - Trustee
Andrew Winders (Apr 25, 2022 11:38 GMT+1) ~~........................~~ .....................
Mr Andrew Winders - Trustee
The notes form part of these financial statements
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STREETS2HOMES
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 July 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements and assessment of going concern
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
The financial statements are presented in sterling (£).
Critical accounting judgements and key sources of estimation uncertainty
No significant judgements have been made during the course of preparing these financial statements. There are no sources of estimation uncertainty.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially settled at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
continued...
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STREETS2HOMES
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2021
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 31.7.21 | 31.7.20 | ||
| £ | £ | ||
| Fundraising events | 4,862 | 15,846 | |
| 3. | INVESTMENT INCOME | ||
| 31.7.21 | 31.7.20 | ||
| £ | £ | ||
| Rents received | 51,458 | 58,074 | |
| Deposit account interest | 152 | 81 | |
| 51,610 | 58,155 | ||
| 4. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.7.21 | 31.7.20 | ||
| £ | £ | ||
| Independent examiners fees | 1,764 | 1,764 | |
| 5. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 July 2021 nor for the year ended 31 July 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2021 nor for the year ended 31 July 2020.
Key management personnel
The charity considers its key management personnel to consist of the trustees and the chief executive officer. Key personnel remuneration consisted of gross pay £43,554 (2020: £43,127), employer's NI contribution £4,795 and employer's pension contribution £1,119.
6. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Full-time equivalents |
31.7.21 £ 193,058 12,652 3,204 208,914 31.7.21 8 |
31.7.20 £ 211,524 14,359 4,609 230,492 31.7.20 7 |
|---|---|---|
No employees received emoluments in excess of £60,000.
continued...
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STREETS2HOMES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2021
| 7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 27,910 | 25,000 | 52,910 | |
| Charitable activities | ||||
| Relief of poverty | - | 351,888 | 351,888 | |
| Other trading activities | 15,550 | 296 | 15,846 | |
| Investment income | 58,155 | - | 58,155 | |
| Total | 101,615 | 377,184 | 478,799 | |
| EXPENDITURE ON | ||||
| Raising funds | 840 | - | 840 | |
| Charitable activities | ||||
| Relief of poverty | 69,112 | 254,935 | 324,047 | |
| Total | 69,952 | 254,935 | 324,887 | |
| NET INCOME | 31,663 | 122,249 | 153,912 | |
| Transfers between funds | 291 | (291) | - | |
| Net movement in funds | 31,954 | 121,958 | 153,912 | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 283,686 | 73,691 | 357,377 | |
| TOTAL FUNDS CARRIED FORWARD | 315,640 | 195,649 | 511,289 | |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.7.21 | 31.7.20 | |||
| £ | £ | |||
| Other debtors | 318 | 318 |
continued...
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STREETS2HOMES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2021
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Savings accounts Other Creditors Accrued expenses MOVEMENT IN FUNDS Unrestricted funds General fund New Accommodation project Contingency Fund Homeless Essentials items Repairs and Maintenance Co-op Fund Kerr Art Project Pathway Project contingency fund Restricted funds Essex Community Foundation Harlow Council Severe Weather Provision Harlow Accomodation Budget The Halcrow Foundation Lloyds TSB Other restricted fund Harlow Council ASDA Foundation Astro Lighting Toilet Refurbishment Fund Auto Protect Personal Budgets for Pathways Pathways Project Fund Chocolate Run Fund for BC Garden Room DA Personal / Household Budget NET Fund via ECF DA Accommodation Budget Fund Domestic Abuse Project Fund HSBC Funding TOTAL FUNDS |
Net movement At 1.8.20 in funds £ £ 67,833 12,412 65,329 (2,610) 130,001 (2,440) 4,117 - 1,921 (801) 568 (568) 33 (33) 45,838 23,311 315,640 29,271 10,000 (10,000) 610 (382) 35,357 (12,213) 820 - 6,270 (3,862) 2,185 100 9,702 1,412 503 (158) 13,567 (2,587) 89 (29) 1 - 3,837 (2,545) 75,049 (43,713) 15,000 (15,000) 131 - 591 (591) 4,001 (3,351) 17,936 (17,936) - 309 195,649 (110,546) 511,289 (81,275) |
31.7.21 £ 13,115 414 1,764 15,293 Transfers between funds £ 129,733 - (127,561) (4,117) (1,120) - - (10,486) (13,551) - - 13,551 - - - - - - - - - - - - - - - - 13,551 - |
31.7.20 £ 13,115 473 1,764 15,352 At 31.7.21 £ 209,978 62,719 - - - - - 58,663 331,360 - 228 36,695 820 2,408 2,285 11,114 345 10,980 60 1 1,292 31,336 - 131 - 650 - 309 98,654 430,014 |
|---|---|---|---|
10. MOVEMENT IN FUNDS
continued...
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STREETS2HOMES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2021
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund New Accommodation project Contingency Fund Repairs and Maintenance Co-op Fund Kerr Art Project Pathway Project contingency fund Restricted funds Essex Community Foundation Harlow Council Severe Weather Provision Harlow Accomodation Budget Lloyds TSB Other restricted fund Harlow Council ASDA Foundation Astro Lighting Toilet Refurbishment Fund Personal Budgets for Pathways Pathways Project Fund Chocolate Run Fund for BC Garden Room NET Fund via ECF Place 4 People Covid Funds DA Accommodation Budget Fund Domestic Abuse Project Fund Essex County Council Locality Fund Essex County Council Winter Relief HSBC Funding TOTAL FUNDS |
Incoming resources £ 30,098 - 74 - - - 51,267 81,439 - - 20,906 20,000 100 10,000 1 11,532 - 3,032 127,968 - - 2,389 - - 2,000 1,080 444 199,452 280,891 |
Resources Movement expended in funds £ £ (17,686) 12,412 (2,610) (2,610) (2,514) (2,440) (801) (801) (568) (568) (33) (33) (27,956) 23,311 (52,168) 29,271 (10,000) (10,000) (382) (382) (33,119) (12,213) (23,862) (3,862) - 100 (8,588) 1,412 (159) (158) (14,119) (2,587) (29) (29) (5,577) (2,545) (171,681) (43,713) (15,000) (15,000) (591) (591) (2,389) - (3,351) (3,351) (17,936) (17,936) (2,000) - (1,080) - (135) 309 (309,998) (110,546) (362,166) (81,275) |
|---|---|---|
continued...
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STREETS2HOMES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2021
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund New Accommodation project Contingency Fund Homeless Essentials items Repairs and Maintenance Co-op Fund Kerr Art Project Pathway Project contingency fund Restricted funds Essex Community Foundation Harlow Council Severe Weather Provision Harlow Accomodation Budget The Halcrow Foundation Lloyds TSB Other restricted fund Harlow Council ASDA Foundation Astro Lighting Henry Smith Charity Toilet Refurbishment Fund Auto Protect Personal Budgets for Pathways Pathways Project Fund Chocolate Run Fund for BC Garden Room DA Personal / Household Budget NET Fund via ECF DA Accommodation Budget Fund Domestic Abuse Project Fund TOTAL FUNDS |
Net movement At 1.8.19 in funds £ £ 131,892 7,699 69,672 (6,303) 60,000 - 4,117 - 3,525 (1,604) 4,209 (3,705) 2,076 (2,048) 8,195 37,624 283,686 31,663 - 10,000 901 (291) 10,365 24,524 760 180 7,757 (1,487) 2,503 268 9,985 (283) 540 (58) 4,780 8,787 19,941 (19,855) 89 - 304 (303) 5,986 (2,161) 9,780 65,269 - 15,000 - 131 - 591 - 4,001 - 17,936 73,691 122,249 357,377 153,912 |
Transfers between funds £ (71,758) 1,960 70,001 - - 64 5 19 291 - - 468 (120) - (586) - 21 - (86) - - 12 - - - - - - (291) - |
At 31.7.20 £ 67,833 65,329 130,001 4,117 1,921 568 33 45,838 315,640 10,000 610 35,357 820 6,270 2,185 9,702 503 13,567 - 89 1 3,837 75,049 15,000 131 591 4,001 17,936 195,649 511,289 |
|---|---|---|---|
Page 15
continued...
STREETS2HOMES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2021
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund New Accommodation project Repairs and Maintenance Co-op Fund Kerr Art Project Pathway Project contingency fund Restricted funds Essex Community Foundation Harlow Council Severe Weather Provision Harlow Accomodation Budget The Halcrow Foundation Lloyds TSB Other restricted fund Harlow Council ASDA Foundation Astro Lighting Henry Smith Charity Auto Protect Personal Budgets for Pathways Pathways Project Fund Chocolate Run Fund for BC Garden Room DA Personal / Household Budget NET Fund via ECF Place 4 People Covid Funds DA Accommodation Budget Fund Domestic Abuse Project Fund HMRC Job Retention Grant TOTAL FUNDS |
Incoming resources £ 43,603 4,790 - 1 1 53,220 101,615 10,000 - 45,000 1,800 20,000 369 15,001 (1) 10,000 1 - 3,749 209,466 15,000 297 3,579 750 10,000 28,985 3,188 377,184 478,799 |
Resources Movement expended in funds £ £ (35,904) 7,699 (11,093) (6,303) (1,604) (1,604) (3,706) (3,705) (2,049) (2,048) (15,596) 37,624 (69,952) 31,663 - 10,000 (291) (291) (20,476) 24,524 (1,620) 180 (21,487) (1,487) (101) 268 (15,284) (283) (57) (58) (1,213) 8,787 (19,856) (19,855) (303) (303) (5,910) (2,161) (144,197) 65,269 - 15,000 (166) 131 (2,988) 591 (750) - (5,999) 4,001 (11,049) 17,936 (3,188) - (254,935) 122,249 (324,887) 153,912 |
|---|---|---|
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continued...
STREETS2HOMES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2021
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund New Accommodation project Contingency Fund Homeless Essentials items Repairs and Maintenance Co-op Fund Kerr Art Project Pathway Project contingency fund Restricted funds Harlow Council Severe Weather Provision Harlow Accomodation Budget The Halcrow Foundation Lloyds TSB Other restricted fund Harlow Council ASDA Foundation Astro Lighting Henry Smith Charity Toilet Refurbishment Fund Auto Protect Personal Budgets for Pathways Pathways Project Fund DA Personal / Household Budget DA Accommodation Budget Fund HSBC Funding TOTAL FUNDS |
Net movement At 1.8.19 in funds £ £ 131,892 20,111 69,672 (8,913) 60,000 (2,440) 4,117 - 3,525 (2,405) 4,209 (4,273) 2,076 (2,081) 8,195 60,935 283,686 60,934 901 (673) 10,365 12,311 760 180 7,757 (5,349) 2,503 368 9,985 1,129 540 (216) 4,780 6,200 19,941 (19,855) 89 (29) 304 (303) 5,986 (4,706) 9,780 21,556 - 131 - 650 - 309 73,691 11,703 357,377 72,637 |
Transfers between funds £ 57,975 1,960 (57,560) (4,117) (1,120) 64 5 (10,467) (13,260) - 14,019 (120) - (586) - 21 - (86) - - 12 - - - - 13,260 - |
At 31.7.21 £ 209,978 62,719 - - - - - 58,663 331,360 228 36,695 820 2,408 2,285 11,114 345 10,980 - 60 1 1,292 31,336 131 650 309 98,654 430,014 |
|---|---|---|---|
continued...
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STREETS2HOMES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2021
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund New Accommodation project Contingency Fund Repairs and Maintenance Co-op Fund Kerr Art Project Pathway Project contingency fund Restricted funds Essex Community Foundation Harlow Council Severe Weather Provision Harlow Accomodation Budget The Halcrow Foundation Lloyds TSB Other restricted fund Harlow Council ASDA Foundation Astro Lighting Henry Smith Charity Toilet Refurbishment Fund Auto Protect Personal Budgets for Pathways Pathways Project Fund Chocolate Run Fund for BC Garden Room DA Personal / Household Budget NET Fund via ECF Place 4 People Covid Funds DA Accommodation Budget Fund Domestic Abuse Project Fund HMRC Job Retention Grant Essex County Council Locality Fund Essex County Council Winter Relief HSBC Funding TOTAL FUNDS |
Incoming resources £ 73,701 4,790 74 - 1 1 104,487 183,054 10,000 - 65,906 1,800 40,000 469 25,001 - 21,532 1 - - 6,781 337,434 15,000 297 3,579 3,139 10,000 28,985 3,188 2,000 1,080 444 576,636 759,690 |
Resources Movement expended in funds £ £ (53,590) 20,111 (13,703) (8,913) (2,514) (2,440) (2,405) (2,405) (4,274) (4,273) (2,082) (2,081) (43,552) 60,935 (122,120) 60,934 (10,000) - (673) (673) (53,595) 12,311 (1,620) 180 (45,349) (5,349) (101) 368 (23,872) 1,129 (216) (216) (15,332) 6,200 (19,856) (19,855) (29) (29) (303) (303) (11,487) (4,706) (315,878) 21,556 (15,000) - (166) 131 (3,579) - (3,139) - (9,350) 650 (28,985) - (3,188) - (2,000) - (1,080) - (135) 309 (564,933) 11,703 (687,053) 72,637 |
|---|---|---|
General funds:
New accommodation project - represents monies set aside as a designated fund for new project that is to start mid 2018 to meet start up costs.
Contingency fund - represents monies set aside to bridge the gap between funding and / or to enable the smooth run down of services.
Homeless Essentials fund - represents monies set aside to cover essential costs for items that directly benefit the homeless eg tents, sleeping bags, birth certificates should they need.
Repairs and maintenance - represents monies set aside to cover unforeseen costs of repairs to building / equipment.
Co-op fund - unrestricted monies to be spent at the discretion of the trustees.
Kerr Art Project - The Trustees agreed to designate £5,000 of the Enid Kerr endowment for an Art Project.
Bromley Cottages Rent - designated fund setting aside monies received from Bromley Cottages
continued...
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STREETS2HOMES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2021
10. MOVEMENT IN FUNDS - continued
Restricted funds:
Essex Community Foundation - monies to fund years salary for Housing and Project co-ordinator.
Harlow Council Severe Weather Provision - monies received to cover staffing, relocation costs, B&B, sleeping bags, mats etc as needed and other costs associated with the severe weather provision, to provide emergency shelter when temperatures reach severe lows.
Harlow Council DGS - monies received to cover bonds and loans for rent in advance, deposits, travel to relocate and prevention expenses.
The Halcrow Foundation - monies used to pay deposits for clients so they can secure accommodation.
Lloyds TSB - monies received for the part funding of the CEO's salary
Other restricted fund - the savings of those on bond/ loan schemes to repay their deposit money, restricted as these monies do not belong to the charity.
Harlow Council - monies received to cover associated costs of running the DGS scheme, inc management, stationary etc.
ASDA Foundation - to be used for the one pot cookery project
Astro Lighting - to be used for improving service delivery
Henry Smith Charity fund - three year funding received for core costs and salary for new post.
HardSoft Ltd fund - monies received to help improve the centre and continue projects.
Sebright Trust fund - monies received to facilitate an Art Project.
Toilet Refurbishment Fund - Money raised specifically for toilet refurb through donations from a corporate sponsor and the Harlow Soup event
Auto Protect - to be used for items for kitchen or Bromley Cottages
Personal Budgets for Pathways - to be used for personal budgets to relieve homlessness
Pathways Project Fund - Salaries for 2.5 outreach workers and 2 accommodation support workers and associated costs.
Places4People COVID Fund was a restricted fund to purchase items to enable the safe reopening of the centre and towards core costs to deliver services.
HMRC Job Retention Fund was a restricted fund claimed from the government to cover furlough of a staff member funded by unrestricted funding who was furloughed due to vulnerability.
Essex County Council Locality Fund was a restricted fund to Purchase an awning to allow for social distancing and Purchase additional take away containers and PPE equipment.
Essex County Council Winter Relief Fund was a restricted fund to purchase food, bedding and duvets.
continued...
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STREETS2HOMES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 July 2021
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2021.
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