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2022-07-31-accounts

Registration number: 06306299 Charity number: 1121228

STREETS2HOMES (A Company Limited by Guarantee)

Trustees’ Report and Unaudited Financial Statements

For The Year Ended 31 July 2022

Mansell & Co Chartered Certified Accountants 5 Ducketts Wharf South Street Bishops’ Stortford Hertfordshire CM23 3AR

STREETS2HOMES (A Company Limited by Guarantee)

Contents

Page
Reference and Administration Information 1
Chief Executive Officers Report 2-3
Trustees’ Annual Report 4-7
Independent Examiners Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Unaudited Financial Statements 11-19

STREETS2HOMES (A Company Limited by Guarantee)

Reference and Administration Information

Trustees

Andrew Winders - Chair Madeleine Glaisher – Vice Chair Paul Bartlett – Treasurer Rachel Bartlett Lucy Holmes Emma Knewstub (appointed 16.12.21)

Company registration number 06306299

Charity registration number 1121228

Registered office

2 Wych Elm Harlow Essex CM20 1QP

Company secretary

Independent examiner

Wilton Lyndon Ltd T/A Mansell & Co. Chartered Certified Accountants 5 Ducketts Wharf South Street Bishop’s Stortford Herts CM23 3AR

Page 1

STREETS2HOMES (A Company Limited by Guarantee)

Chief Executive Officers Report for the Year Ended 31 July 2022

2021-2022 Summary

This year has enabled us to focus more on being pro-active to issues rather than reactive to the uncertain circumstances of the past 2 years. We have sought feedback from our stakeholders and adapted and developed elements of our project to meet current needs that help us achieve our mission.

In the past year we have seen 238 new clients, this is 20% decrease on the previous year. Evictions have been low due to regulations implemented by government in response to the pandemic and the backlog of court cases. Unfortunately, many new clients have presented with more complex needs.

In addition to our new clients, we have continued to provide support and advice for 400 existing clients. 2,901 contacts with existing clients were made during this financial year. These figures are again a reduction on last year, with the implementation of the Critical Time Intervention model we are able to work with our clients far more effectively.

A big thank you to The Chocolate Run, Essex Community Foundation and our wonderful corporate supporters Astro Lighting for funding the garden room at the Step2 project which was finally completed and has been enjoyed by many since it opened. We would also like to thank Father James Rodley for funding the patio area.

To celebrate the garden room and to thank everyone involved in the success of the Step2 project we held an open day at the cottages which was enjoyed by our residents and staff. We are very grateful to everyone who came along including our partners, CEO of HTS, Harlow council staff, our corporate supporters, volunteers and our supporters from the community. We are very grateful to Anthony Fox and the Rapid Relief Team for providing food and refreshments on the day, very much enjoyed by all.

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 2021-2022 238 new clients 63 housed in the private rented sector 87 prevented from becoming homeless 5 reconnected to the area they have established link and offer of accommodation

23 housed in the Step2 Project

32 referred to external supported housing provider

The chart below highlights that prevention interventions are effective; it is far better to prevent homelessness in the first place.

Page 2

STREETS2HOMES (A Company Limited by Guarantee)

Chief Executive Officers Report for the Year Ended 31 July 2022

----- Start of picture text -----
Relief and Prevention of Homelessness 2021-2022
16
14
12
10
8
6
4
2
0
Aug-21 Sep - 21 Oct - 21 Nov - 21 Dec - 21 Jan - 22 Feb - 22 Mar-22 Apr 22 May-22 Jun-22 Jul - 22
Housed in PRS Preventions
Reconnected Exertnal supported Accommodation
Step 2 (Bromley Cottages)
----- End of picture text -----

Overview of Need / Activity 2021-2022

----- Start of picture text -----
40
35
30
25
20
15
10
5
0
Aug-21 Sep - 21 Oct - 21 Nov - 21 Dec - 21 Jan - 22 Feb - 22 Mar-22 Apr 22 May-22 Jun-22 Jul - 22
New clients Home visits Street visits Rough sleepers
----- End of picture text -----

Rough sleeping numbers have remained low this year. In fact for 2 nights of the year we did not have any rough sleepers – a real achievement. Unfortunately, this is not a trend that is continuing. Towards the end of the year we started to see numbers rise as you can see by the chart. The number of street visits in comparison to the number of rough sleepers is often relational to the rough sleepers complex needs.

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

Page 3

STREETS2HOMES (A Company Limited by Guarantee)

Trustees’ Annual Report for the Year Ended 31 July 2022

The Trustees, who are also directors of the charity for the purposes of the Companies Act, present their annual report together with the financial statements of the charity for the year 1 August 2021 to 31 July 2022. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company’s governing document and the provisions of the Statement of Recommended Practice (SORP), applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) as amended by Update bulletin (effective 1 January 2015).

Since the charitable company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 is not required.

The Trustees, who are also the directors for the purpose of Company Law, and who served during the year were:

Andrew Winders - Chair Madeleine Glaisher – Vice Chair (appointed 01.03.22) Paul Bartlett – Treasurer Rachel Bartlett Lucy Holmes Emma Knewstub (appointed 16.12.21)

Objectives and Activities

a. Policies and objectives

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.

b. Mission statement

Steets2Homes 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, finance and human resources.

The employed Chief Executive Officer of Steets2Homes 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 Chief Executive Officer is responsible for ensuring that the charity delivers the services specified, the key performance indicators are met and to supervise and lead the staff and volunteers.

c. 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 Charites 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.

Page 4

STREETS2HOMES (A Company Limited by Guarantee)

Trustees’ Annual Report for the Year Ended 31 July 2022

d. 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 focused 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.

The Chief Executive Officer is the only member of staff designated as key management - 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 different 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.

Achievements and performance

a. Fundraising

The charity understands its duty to protect the public, including vulnerable people, from unreasonable 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

a. Going concern

The Trustees have assessed our finances and operations for the coming year. Cash flow forecasts 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.

b. 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 £373,921. Within this figure we have ‘designated’ £71,643 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.

Page 5

STREETS2HOMES (A Company Limited by Guarantee)

Trustees’ Annual Report for the Year Ended 31 July 2022

Structure, governance and management

a. Constitution

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.

b. Method of appointment or election of Trustees

The Board of Trustees carries out regular reviews to identify 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.

c. Risk management

We, in collaboration with the Chief Executive Officer, 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 Streest2Home 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 risk of the charity are reviewed at Trustee meetings on a regular basis.

d. Trustees

Throughout the year the Board of Trustees met regularly with the Chief Executive Officer to hear feedback on the current issues, to review progress against our three-year strategic plan and accompanying action plans which guides our work through to 2023, to review the charity’s finances and to make decisions as and when required.

We were joined as trustees by Emma Knewstub in December 2021 and very much look forward to working with her going forward.

Madeleine Glaisher was appointed Company Secretary in March 2022

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.

Plans for the future

As the number of people, we are hosing 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.

Page 6

STREETS2HOMES (A Company Limited by Guarantee)

Trustees’ Annual Report for the Year Ended 31 July 2022

Statement of Trustees’ responsibilities

The Trustees (who are also the directors of the charity for the purposes of company law) 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).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

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 Companies Act 2006. 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

Approved by order of the members of the Board of Trustees on 1 March 2023 and signed on their behalf by:

P J Bartlett (Mar 7, 2023 22:34 GMT)

Paul Bartlett – Treasurer

Page 7

STREETS2HOMES (A Company Limited by Guarantee)

Independent Examiner’s Report for the Year Ended 31 July 2022

Independent examiner’s report to the trustees of Streets2Home (‘the charity’)

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 July 2022.

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 the Company’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 I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants (ACCA), 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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 386 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

  4. 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 (FRS102)].

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.

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity’s trustees those matters that I am required to state to them in an Independent Examiner’s Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work or for this report

Stephen Pinder

Stephen Pinder (Mar 8, 2023 08:51 GMT)

Stephen Pinder FCCA MAAT Mansell & Co Chartered Certified Accountants 5 Ducketts Wharf South Street Bishop's Stortford Hertfordshire CM23 3AR

Date: 1 March 2023

Page 8

STREETS2HOMES (A Company Limited by Guarantee)

Statement of Financial Activities (including Income & Expenditure Account)

for the Year Ended 31 July 2022

Income from:
Donations and legacies
Relief of poverty
Other trading activities
Investment income
Total income
Expenditure on:
Raising funds
Relief of poverty
Total expenditure
Net income / (expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 31.07.22
31.07.21
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
Notes
£
£
£
£
48,515
10,862
59,377
36,619
-
368,964
368,964
187,800
2
516
-
516
4,862
3
45,085
_
20
_
45,105
_
51,610
_
94,116
_
379,846
_
473,962
_
280,891
_
80
-
80
96
51,454
_
274,008
_
325,462
_
362,070
_
51,534
_
274,008
_
325,542
_
362,166
_
42,582
105,838
148,420
(81,275)
9
(22)
_
22
_
-
_
-
_
42,560
105,860
148,420
(81,275)
331,361
_
98,653
_
430,014
_
511,289
_
373,921
======
204,513
======
578,434
======
430,014
======

The above results were derived from continuing operations.

The charity has no recognised gains or losses for the year other than the results above.

Page 9

STREETS2HOMES (A Company Limited by Guarantee)

(Registration Number 06306299) Balance Sheet as at 31 July 2022

Current assets
Debtors
Cash at bank and in hand
Creditors:Amounts falling due within one year
Net current assets
Net assets
Charity funds
Unrestricted funds
Restricted funds
Total funds		 2022
2021
Notes
£
£
£
£
7
78,512
318
502,779
_
444,989
_
581,291
445,307
8
(2,857)
_
(15,293)
_
578,434
_
430,014
_
578,434
======
430,014
======
9
373,921
331,361
204,513
_
98,653
_
578,434
======
430,014
======

For the financial year ending 31 July 2022 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Trustees’ responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to charitable companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board of Trustees on 1 March 2023 and signed on its behalf by:

P J Bartlett (Mar 7, 2023 22:34 GMT)

Paul Bartlett – Treasurer

Page 10

STREETS2HOMES (A Company Limited by Guarantee)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022

1. Accounting policies

Summary of significant accounting policies and key accounting estimates

The principle accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements 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 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared using the historic cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The following policies are applied to particular categories of income:

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Investment income is included when received.

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 costs 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.

Tax

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 and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value

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.

Page 11

STREETS2HOMES (A Company Limited by Guarantee)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022

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 purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Investment income, gains and losses are allocated to the appropriate fund.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

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.

2. Other trading activities

2.
Other trading activities
2022
2021
£
£
Fundraising events 516
4,862
3.
Investment income
2022
2021
£
£
Rents received 44,983
51,458
Deposit account interest 122
152
45,105
51,610

4. Net income/(expenditure)

Net income/(expenditure) is stated after charging/(crediting):

2022
2021
£
£
Independent examiners fees 2,000
1,764

5. Trustees’s remuneration and benefits

There were no Trustees’ remuneration or other benefits for the year ended 31 July 2022 nor for the year ended 31 July 2021.

Trustees’ expenses

There were no Trustees’ expenses paid for the year ended 31 July 2022 nor for the year ended 31 July 2021.

Key management personnel

The charity considers its key management personnel to consist of the Trustees and Chief Executive Officer. Key personnel remuneration consisted of gross pay £44,643 (2021: £43,554), employer’s NI contribution £5,081 (2021: £4,795) and employer’s pension contribution £1,152 (2021: £1,119).

Page 12

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022

6. Staff costs

6.
Staff costs
2022
2021
£
£
Wages and salaries 208,535
193,058
Social security costs 13,019
12,652
Otherpension costs 4,111
3,204
225,665
208,914
The average monthly number of employees during the year was as follows:

2022
2021
Full-time equivalents 9
8
No employee received emoluments in excess of £60,000.
7.
Debtors
2022
2021
Current £
£
Prepayments and accrued income 78,512
-
Other debtors -
318
78,512
318
8.
Creditors
Creditors: amounts falling due within one year
2022
2021
£
£
Due within one year
Savings account -
13,115
Accruals and deferred income 2,000
1,764
Other creditors 857
414
2,857
15,293

Page 13

STREETS2HOMES (A Company Limited by Guarantee)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022

9. Movement in funds

9.
Movement in funds
Net
Transfers
Balance at
movement
between
Balance at
01.08.21
in funds
funds
31.07.22
£
£
£
£
Unrestricted funds
General fund 209,978
29,603
(22)
239,559
Pathway project contingency fund 58,664
12,979
-
71,643
New accommodationproject 62,719
-
-
62,719
331,361
42,582
(22)
373,921
Restricted funds
ASDA foundation 345
(345)
-
-
Astro lighting 10,980
(1,950)
-
9,030
Domestic abuse accommodation budget fund 650
-
-
650
Domestic abuse personal / household budget 131
(120)
-
11
The Halcrow foundation 820
(820)
-
-
Harlow council 11,114
4,175
-
15,289
Harlow accommodation budget 36,695
(1,743)
-
34,952
HSBC bank funding 309
(331)
22
-
Lloyds bank funding 2,408
(2,408)
-
-
Pathways project fund 31,336
86,922
-
118,258
Personal budgets for pathways 1,292
21,403
-
22,695
Places 4 people impact fund -
3,333
-
3,333
Other restricted funds 2,285
(2,218)
-
67
Harlow council severe weather provision 228
-
-
228
Toilet refurbishment fund 60
(60)
-
-
98,653
105,838
22
204,513
Total funds 430,014
148,420
-
578,434

Page 14

STREETS2HOMES (A Company Limited by Guarantee)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022

9. Movement in funds – continued

Net movement in funds, included in the above are as follows:

Net
Incoming
Resources
movement
resources
expended
in funds
£

£
£
Unrestricted funds
General fund 49,132
(19,529)
29,603
Pathway project contingency fund 44,983
(32,004)
12,979
New accommodationproject -
-
-
94,115
(51,533)
42,582
Restricted funds
ASDA foundation -
(345)
(345)
Astro lighting 10,762
(12,712)
(1,950)
Domestic abuse accommodation budget fund -
-
-
Domestic abuse personal / household budget -
(120)
(120)
The Halcrow foundation -
(820)
(820)
Harlow council 10,000
(5,825)
4,175
Harlow accommodation budget 26,472
(28,215)
(1,743)
HSBC bank funding -
(331)
(331)
Lloyds bank funding -
(2,408)
(2,408)
Pathways project fund 304,859
(217,937)
86,922
Personal budgets for pathways 23,654
(2,251)
21,403
Places 4 people impact fund 4,000
(667)
3,333
Other restricted funds 100
(2,318)
(2,218)
Harlow council severe weather provision -
-
-
Toilet refurbishment fund -
(60)
(60)
379,847
(274,009)
105,838
Total funds 473,962
(325,542)
148,420

Page 15

STREETS2HOMES (A Company Limited by Guarantee)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022

9. Movement in funds – continued

Comparatives for movement in funds

Net
Transfers
Balance at
movement
between
Balance at
01.08.20
in funds
funds
31.07.21
£
£
£
£
Unrestricted funds
General fund 67,833
12,412
129,733
209,978
Pathway project contingency fund 45,839
23,311
(10,486)
58,664
Contingency fund 130,001
(2,440)
(127,561)
-
Homeless essentials items 4,117
-
(4,117)
-
Repairs and maintenance 1,921
(801)
(1,120)
-
Co-op fund 568
(568)
-
-
Kerr art project 33
(33)
-
-
New accommodationproject 65,329
(2,610)
-
62,719
315,641
29,271
(13,551)
331,361
Restricted funds
Essex community foundation 10,000
(10,000)
-
-
Chocolate run fund for Bromley cottage garden room 15,000
(15,000)
-
-
NET fund via Essex community foundation 591
(591)
-
-
Domestic abuse project fund 17,936
(17,936)
-
-
Essex county council locality fund -
-
-
-
Essex county council winter relief -
-
-
-
ASDA foundation 503
(158)
-
345
Astro lighting 13,567
(2,587)
-
10,980
Domestic abuse accommodation budget fund 4,001
(3,351)
-
650
Domestic abuse personal / household budget 131
-
-
131
The Halcrow foundation 820
-
-
820
Harlow council 9,702
1,412
-
11,114
Harlow accommodation budget 35,357
(12,213)
13,551
36,695
HSBC bank funding -
309
-
309
Lloyds bank funding 6,270
(3,862)
-
2,408
Pathways project fund 75,049
(43,713)
-
31,336
Personal budgets for pathways 3,837
(2,545)
-
1,292
Places 4 people impact fund -
-
-
-
Other restricted funds 2,185
100
-
2,285
Harlow council severe weather provision 610
(382)
-
228
Toilet refurbishment fund 89
(29)
-
60
195,648
(110,546)
13,551
98,653
Total funds 511,289
(81,275)
-
430,014

Page 16

STREETS2HOMES (A Company Limited by Guarantee)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022

9. Movement in funds – continued

Comparatives net movement in funds, included in the above are as follows:

Net
Incoming
Resources
movement
resources
expended
in funds
£

£
£
Unrestricted funds
General fund 30,098
(17,686)
12,412
Pathway project contingency fund 51,267
(27,956)
23,311
Contingency fund 74
(2,514)
(2,440)
Homeless essentials items -
-
-
Repairs and maintenance -
(801)
(801)
Co-op fund -
(568)
(568)
Kerr art project -
(33)
(33)
New accommodationproject -
(2,610)
(2,610)
81,439
(52,168)
29,271
Restricted funds
Essex community foundation -
(10,000)
(10,000)
Chocolate run fund for Bromley cottage garden room -
(15,000)
(15,000)
NET fund via Essex community foundation -
(591)
(591)
Domestic abuse project fund -
(17,936)
(17,936)
Essex county council locality fund 2,000
(2,000)
-
Essex county council winter relief 1,080
(1,080)
-
ASDA foundation 1
(159)
(158)
Astro lighting 11,532
(14,119)
(2,587)
Domestic abuse accommodation budget fund -
(3,351)
(3,351)
Domestic abuse personal / household budget -
-
-
The Halcrow foundation -
-
-
Harlow council 10,000
(8,588)
1,412
Harlow accommodation budget 20,906
(33,119)
(12,213)
HSBC bank funding 444
(135)
309
Lloyds bank funding 20,000
(23,862)
(3,862)
Pathways project fund 127,968
(171,681)
(43,713)
Personal budgets for pathways 3,032
(5,577)
(2,545)
Places 4 people impact fund 2,389
(2,389)
-
Other restricted funds 100
-
100
Harlow council severe weather provision -
(382)
(382)
Toilet refurbishment fund -
(29)
(29)
199,452
(309,998)
(110,546)
Total funds 280,891
(362,166)
(81,275)

Page 17

STREETS2HOMES (A Company Limited by Guarantee)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022

15. Related party transactions

There were no related party transactions for the year ended 31 July 2022.

Page 18

STREETS2HOMES (A Company Limited by Guarantee)

Detailed Statement of Financial Activities for the Year Ended 31 July 2022

2022 2021
£ £
Income
Donations and legacies
Donations 59,377 33,639
Donated services and facilities - 2,980
59,377 36,619
Other trading activities
Fundraising events 516 4,862
Investment income
Rents received 44,983 51,458
Deposit account interest 122 152
45,105 51,610
Charitable activities
Deposits repaid 6,452 5,168
Grants 362,512 182,632
368,964 187,800
Total incoming resources 473,962 280,891
Expenditure
Raising donations and legacies
Fundraising costs (80) (96)
Charitable activities
Wages (208,535) (193,058)
Social security (13,019) (12,652)
Pensions (4,111) (3,204)
Rent, rates and services (9,280) (9,073)
Insurance (1,392) (1,087)
Telephone (3,527) (4,248)
Stationery and office costs (2,512) (1,337)
Advertising (425) (156)
Sundries (620) (710)
Deposits and guarantees (28,435) (36,051)
Food (1,215) (1,405)
Maintenance, security, etc (5,960) (5,864)
Recruitment and training (3,563) (4,716)
Travel (1,009) (400)
Volunteer expenses (383) (873)
Fees and subscriptions (8,803) (5,999)

Page 19

STREETS2HOMES (A Company Limited by Guarantee)

Detailed Statement of Financial Activities for the Year Ended 31 July 2022

2022
2021
£
£
Bank charges (12)
-
Essentials -
(1,500)
Equipment (253)
(672)
Step 2 accommodation project (19,215)
(31,953)
Pathway project expenses (2,331)
(2,593)
Domestic abuse project expense (720)
(3,155)
Covid-19 related expenses (692)
(3,816)
The shack expenses (3,100)
(35,036)
Workshop expenses (2,932)
-
Starterpacks (1,002)
-
(323,126)
(359,558)
Governance costs
Accountancy and legal fees (2,416)
(2,512)
Total resources expended (325,542)
(362,166)
Net income/(expenditure) 148,420
(81,275)

Page 20

Final Audit Report 2023-03-08

Streets2Homes - Final Accounts 31 July 2022

Created: 2023-03-01 By: Darren White (DARREN@MANSELLANDCO.ORG) Status: Signed Transaction ID: CBJCHBCAABAAC5a-5uV0gZRhdG2uTcrQDxOlcSHygsCj

"Streets2Homes - Final Accounts 31 July 2022" History

Email viewed by paul.bartlett@streets2homes.co.uk

Agreement completed.