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2020-08-31-accounts

The Saviour Trust

Charity No. 1122886

Company No. 06136023

Trustees' Report and Audited Accounts

31 August 2020

The Saviour Trust Contents

Pages
Trustees' Annual Report 2 to 5
Auditor's Report 6 to 8
Statement of Financial Activities 9
Summary Income and Expenditure Account 10
Balance Sheet 11
Statement of Cash flows 12
Notes to the Accounts 13 to 20
Detailed Statement of Financial Activities 21 to 22

Page 1

The Saviour Trust Trustees Annual Report

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the audited financial statements of the charity for the year ended 31 August 2020.

Objectives and Activities

Objectives and aims

The charity exists to:

  1. Further the welfare of children, young people and adults mainly in the area of West Yorkshire, especially but not limited to those who are homeless or in danger of homelessness and those who are ex offenders.

  2. Provide or facilitate the provision of housing, mentoring, counselling, advisory and welfare services, family care and personal development opportunities for persons within the beneficiary group.

  3. Provide assistance to and services to the homeless and particularly ex offenders, with a view to helping their rehabilitation.

Significant activities

In planning our activities for the year we kept in mind the Charity Commission's guidance on public benefit at our trustees meetings.

The charity's main activity is to provide housing and support to ex-offenders.

All service users are visited in their homes on a weekly basis and expected to attend a support session at the centre or a support hub; any issues regarding the service users or property are discussed at these meetings. During 2020, we have had to adapt our working practices to keep within government guidelines and, as best practice, to ensure the safety of our staff and clients during the Covid 19 pandemic. This has included daily telephone support calls to service users, drive by house checks when we have been unable to enter the property, telephone initial assessments etc.

All properties are inspected weekly and brought into line with the current fire and health and safety regulations.

Page 2

The Saviour Trust Trustees Annual Report

Future Plans

The Trustees are committed to continue to build up the operating reserves of the trust so as to protect the sustainability of the trust in being able to continue to provide its services. This includes using some of its reserves, as the trustees and management see appropriate, in purchasing a limited number of properties for use by the Trust, The Trust has a designated fund into which all core rent received from housing benefit for the houses owned by the Trust are appropriated. This will become our main source of funding support should be not be successful in securing a third period of funding from The Big Lottery. Due to the pandemic, The Big Lottery have not been taking Reaching Communities funding applications and it maybe that the Trust is unable to secure further funding for support until late 2021. This will leave a gap in the lottery funding from January 2021 at which time the sustainability funds will be allocated.

By the end of the year, the properties acquired by The Saviour Trust totalled 9.

The Trust will continue to look for further funding opportunities for expanding the number of individuals and families to whom the trust can provide its services.

The Big Lottery

Again, the Trust has exceeded the Big Lottery Outcomes for this year (ending Dec 2019) and will have exceeded final year Lottery outcomes for the year ending December 2020.

Structure, Governance and Management

Governance Structure

The Saviour Trust board of trustees meets on a monthly basis (excluding December and August), to review department reports and trust-wide performance.

Governing document

The charity is a charitable company limited by guarantee and is governed by a Memorandum and Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Overview

Over the last year The Saviour Trust (the Trust') has continued to grow to meet the increasing needs of often desperate people seeking a roof over their head, and pastoral care which our Trust offers.

During the year, our housing stock has increased by 42 properties, so that The Saviour Trust was officially managing 199 properties (398 units). At the end of August 2020, the Trust were accommodating 398 adults and 18 children. In the case of all children housed, the Trust require staff to provide positive good care verification weekly, with any suspected or unusual behaviours being escalated to the local council family support unit.

Vic Iwanuschak continues to serve as the Patron of the charity, following his retirement as General Manager.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error

Homeless Project Staff Meetings

Staff meetings continue to be held on a weekly basis with the General Manager. Trustees are invited to attend these Meetings if they wish to do so.

Page 3

The Saviour Trust Trustees Annual Report

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 06136023

Charity No. 1122886

Registered Office

St Oswald House St Oswald Street Castleford WF10 1DH

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

N.C. Brown M.A. Iwanuschak S. Kelly N. McDonald J.I. Warnett M.J. Williamson

Auditor

Hansons St Oswald House St Oswald Street Castleford WF10 1DH

Statement of trustees' responsibilities in relation to

the financial statements

The Trustees are responsible for preparing the Trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the trustees to prepare financial statements for which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, for the charitable company for that period. In preparing these financial statements, the trustees are required to:

Page 4

The Saviour Trust Trustees Annual Report

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

Statement of disclosure of information to auditor

So far as the trustees are aware, there is no relevant audit information of which the company's auditors are unaware and each trustee has taken all the steps that he or she ought to have taken as a trustee in order to make himself or herself aware of any relevant information and to establish that the company's auditors are aware of that information.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

J.I. Warnett Chair of Trustees 31 March 2021

Page 5

The Saviour Trust Audit Report Unqualified

Independent Auditor's Report to the Members of The Saviour Trust

Opinion

We have audited the accounts of The Saviour Trust (the 'charitable company') for the year ended 31 August 2020 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the Notes to the Accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the accounts:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out below, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The other information comprises the information included in the trustees' report and accounts, other than the accounts and our auditor’s report thereon. The trustees are responsible for the other information.

Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Page 6

The Saviour Trust

Audit Report Unqualified

In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material

inconsistencies or apparent material misstatements,we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information,we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based upon the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement found in the trustees' report, the trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the accounts

We have been appointed under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Page 7

The Saviour Trust Audit Report Unqualified

Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.

A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of this report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

Hansons, Statutory Auditor St Oswald House St Oswald Street

Castleford WF10 1DH 31 March 2021

Hansons is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a charity under section 1212 of the Companies Act 2006.

Page 8

The Saviour Trust Statement of Financial Activities

for the year ended 31 August 2020

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Investments
6
Total
Expenditure on:
Charitable activities
7
Other
8
Total
Net gains on investments
Net income
9
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2020
£
-
3,009,799
507		 Restricted
funds
2020
£
104,106
-
-		 Total funds
2020
£
104,106
3,009,799
507		 Total funds
2019
£
102,001
2,167,789
512
3,010,306
2,096,838
570,047		 104,106
33,796
70,310		 3,114,412
2,130,634
640,357		 2,270,302
1,566,993
511,826
2,666,885
-		 104,106
-		 2,770,991
-		 2,078,819
-
343,421
87,696		 -
(87,696)		 343,421
-		 191,483
-
431,117 (87,696) 343,421 191,483
431,117
794,385		 (87,696)
87,696		 343,421
882,081		 191,483
690,598
1,225,502 - 1,225,502 882,081

Page 9

The Saviour Trust Summary Income and Expenditure Account

for the year ended 31 August 2020

Income
Interest and investment income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net income before tax for the year
Net income for the year		 2020
£
3,113,905
507
3,114,412
2,742,695
28,296
2,770,991
343,421
343,421		 2019
£
2,269,790
512
2,270,302
2,058,996
19,823
2,078,819
191,483
191,483

Page 10

The Saviour Trust Balance Sheet

at 31 August 2020

Company No.
06136023
Notes
2020
£
Fixed assets
Tangible assets
11
665,412
665,412
Current assets
Debtors
12
127,018
Cash at bank and in hand
488,997
616,015
Creditors:Amount falling due within one year
13
(55,925)
Net current assets
560,090
Total assets less current liabilities
1,225,502
Net assets excluding pension asset or liability
1,225,502
Total net assets
1,225,502
The funds of the charity
Restricted funds
14
Restricted income funds
-
-
Unrestricted funds
14
General funds
928,486
Designated funds
297,016
1,225,502
Reserves
14
Total funds
1,225,502		 2019
£
486,212
486,212
65,930
379,345
445,275
(49,406)
395,869
882,081
882,081
882,081
87,696
87,696
549,329
245,056
794,385
882,081

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the board on 31 March 2020

And signed on its behalf by:

J.I. Warnett Trustee 31 March 2021

Page 11

The Saviour Trust Statement of Cash flows for the year ended 31 August 2020

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Profit on disposal of tangible fixed assets
Dividends, interest and rents from investments
(Increase)/Decrease in trade and other receivables
Increase in trade and other payables
Net cash provided by operating activities
Cash flows from investing activities
Proceeds from sales of property, plant and equipment
Payments for property, plant and equipment
Dividends, interest and rents from investments
Net cash used in investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2020
£
343,421
46,614
(5,600)
(507)
(61,088)
6,519
329,359
15,795
(236,009)
507
(219,707)
-
109,652
379,345
488,997
488,997
488,997		 2019
£
191,483
29,292
-
(512)
22,884
6,037
249,184
-
(111,146)
512
(110,634)
-
138,550
240,795
379,345
379,345
379,345

Page 12

The Saviour Trust Notes to the Accounts

for the year ended 31 August 2020

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Page 13

The Saviour Trust Notes to the Accounts

Expenditure

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and

depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold property 2% Straight Line Motor 25% Reducing Balance Equipment 25% Reducing Balance

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 14

The Saviour Trust Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably 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 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income from:
Donations and
Grants
Charitable activities
Investments
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before
other gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought
forward
Total funds carried
forward		 Unrestricted
funds
2019
£
405
2,167,789
512
2,168,706
1,520,899
446,532
1,967,431		 Restricted
funds
2019
£
101,596
-
-		 Total
funds
2019
£
102,001
2,167,789
512
101,596
46,094
65,294		 2,270,302
1,566,993
511,826
111,388 2,078,819
201,275
201,275
201,275
593,110
794,385		 (9,792) 191,483
(9,792) 191,483
(9,792)
97,488		 191,483
690,598
87,696 882,081

Page 15

The Saviour Trust Notes to the Accounts

Income from

4
donations and
legacies
Donations
Grants
5
Income from
charitable activities
Rental Income
6
Income from
investments
Deposit Account
Interest
7
Expenditure on
charitable activities
Expenditure on
charitable activities
Employee costs
Property Costs
Depreciation
Governance costs
Audit/Independent
examination fees
Legal and
professional costs		 Restricted
Total
2020
£
£
-
-
104,106
104,106
104,106
104,106
Unrestricted
Total
2020
£
£
3,009,799
3,009,799
3,009,799
3,009,799
Unrestricted
Total
2020
£
£
507
507
507
507
Unrestricted
Restricted
Total
2020
£
£
£
34,291
26,954
61,245
2,039,376
4,762
2,044,138
12,718
-
12,718
3,575
2,080
5,655
6,878
-
6,878
2,096,838
33,796
2,130,634		 Restricted
Total
2020
£
£
-
-
104,106
104,106
104,106
104,106
Unrestricted
Total
2020
£
£
3,009,799
3,009,799
3,009,799
3,009,799
Unrestricted
Total
2020
£
£
507
507
507
507
Unrestricted
Restricted
Total
2020
£
£
£
34,291
26,954
61,245
2,039,376
4,762
2,044,138
12,718
-
12,718
3,575
2,080
5,655
6,878
-
6,878
2,096,838
33,796
2,130,634		 Total
2020
£
-
104,106		 Total
2019
£
405
101,596
104,106 102,001
Total
2020
£
3,009,799		 Total
2019
£
2,167,789
3,009,799 2,167,789
Total
2020
£
507		 Total
2019
£
512
507 512
Total
2019
£
62,296
1,479,522
9,792
7,536
7,847
33,796
2,130,634		 1,566,993

Page 16

The Saviour Trust Notes to the Accounts

8 Other expenditure

Employee costs
Motor and travel
costs
Premises costs
Amortisation,
depreciation,
impairment,
profit/loss on
disposal of fixed
assets
General
administrative costs
9
Net income before
transfers
This is stated after
charging:
Depreciation of
owned fixed assets
Auditors'
remuneration
10 Staff costs
Salaries and wages
Social security costs
Pension costs		 Unrestricted
£
452,186
39,489
27,564
28,296
22,512
570,047		 Restricted
£
61,985
-
6,244
-
2,081
70,310
2020
£
46,614
5,655
511,188
42,221
22,007
575,416		 Total
2020
£
514,171
39,489
33,808
28,296
24,593		 Total
2019
£
416,415
28,399
18,612
19,823
28,577
640,357 511,826
2019
£
29,615
7,536
424,330
35,555
18,826
478,711

No employee received emoluments in excess of £60,000.

The average monthly number of full time equivalent employees during the year was as follows:

Support Staff 2020
Number
24
24		 2019
Number
20
20

Page 17

The Saviour Trust Notes to the Accounts

Tangible fixed

11 assets

Cost or revaluation
At 1 September
2019
Additions
Disposals
At 31 August 2020
Depreciation and
impairment
At 1 September
2019
Depreciation charge
for the year
Disposals
At 31 August 2020
Net book values
At 31 August 2020
At 31 August 2019
12 Debtors
Trade debtors
Prepayments and
accrued income
13 Creditors:
amounts falling due
within one year
Accruals and
deferred income		 Land and
buildings
£
489,627
148,297
-
637,924
61,919
12,718
-
74,637
563,287
427,708		 Motor
£
68,062
73,456
(30,272)
111,246
31,142
25,043
(20,077)
36,108
75,138
36,920
2020
£
124,913
2,105
127,018
2020
£
55,925
55,925		 Equipment
£
48,904
14,256
-		 Total
£
606,593
236,009
(30,272)
63,160 812,330
27,320
8,853
-		 120,381
46,614
(20,077)
36,173 146,918
26,987 665,412
21,584 486,212
2019
£
63,825
2,105
65,930
2019
£
49,406
49,406

Page 18

The Saviour Trust Notes to the Accounts

14 Movement in funds

Restricted funds:
Restricted income
funds:
Lottery Fund
Property Fund
Total
Unrestricted funds:
General funds
Designated funds:
Housing Support
Sustainability fund
Total
Revaluation
Reserves:
Total funds		 At 1
September
2019
Incoming
resources
Resources
expended
£
£		 Gross
transfers
£		 At 31
August
2020
£
-
-
-
104,106
(104,106)		 -
87,696
-
-		 (87,696)
87,696
104,106
(104,106)
549,329
2,958,346
(2,666,885)
245,056
51,960
-
245,056
51,960
-
882,081
3,114,412
(2,770,991)
(87,696) -
928,486
297,016
87,696
-
- 297,016
- 1,225,502

Purposes and restrictions in relation to the funds:

Restricted funds: Lottery Fund Money received from the fund is for increasing staffing levels and providing more social activities

Property Fund This project was funded by the All Saints Church Pontefract and was received to purchase property to enable the charity to fulfil its charitable objectives

Designated funds: Housing Support Delineated Funds to which all core rent received from housing benefit for the Sustainability fund houses owned by the Trust will be appropriated.

Analysis of net assets between 15 funds

Fixed assets
Net current assets		 Unrestricte
d funds
£
665,412
560,090		 Total
£
665,412
560,090
1,225,502 1,225,502

Page 19

The Saviour Trust Notes to the Accounts

Reconciliation of net

16 debt

Reconciliation of net
debt
Cash and cash
equivalents
Net cash		 At 1
September
2019
£		 Cash flows
£		 New
HP/Finance
leases		 At 31
August
2020
£
£
379,345 109,652 488,997
379,345
379,345		 109,652
109,652		 - 488,997
- 488,997
Commitments
Operating lease
commitments
Annual commitments under non-cancellable operating leases are as follows:
2020
2020
Land and
buildings
Other
£
£
Operating leases with
expiry date:
Pension
commitments
2020
£
The pension cost
charge to the
company amounted
to:
22,007		 2019
Land and
buildings
£		 2019
Other
£
2019
£
18,826

17 Commitments

Related party

18 disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 20