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2022-08-31-accounts

The Saviour Trust

Charity No. 1122886

Company No. 06136023

Trustees' Report and Audited Accounts

31 August 2022

The Saviour Trust Contents

Pages
Trustees' Annual Report 2 to 4
Auditor's Report 5 to 8
Statement of Financial Activities 9
Summary Income and Expenditure Account 10
Balance Sheet 11 to 12
Statement of Cash flows 13
Notes to the Accounts 14 to 21
Detailed Statement of Financial Activities 22 to 23

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 2022.

Objectives and Activities

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.

  2. 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. 3.Provide assistance to and services to the homeless 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 those who have become homeless due to family breakdown, poor money management, substance misuse, mental health issues etc

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.

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

Future Plans

The Trustees are committed to continue to build up the operating reserves of The Saviour Trust (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, to purchase a limited number of properties for use by The Trust. The Trust has a designated Sustainability Fund into which are appropriated all core rents received from Housing Benefit for the houses owned by The Trust.

By the 31 August 2022 the properties acquired by The Trust totalled 13.

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

Structure, Governance and Management

Governance Structure

The 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.

Page 2

The Saviour Trust Trustees Annual Report

Overview

Over the last year 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 The Trust offers. During the year, its housing stock has increased by 22 properties, so that The Trust was officially managing 266 properties (528 units). At the end of August 2022, The Trust was accommodating 528 adults and 18 children. In the case of all children housed, the Trustees 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.

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 Manager. Trustees are invited to attend these Meetings if they wish to do so.

Our reserves policy aim is to hold free reserves sufficient to cover our assessed level of financial risk that could potentially arise to the continuing operations from any short term or more fundamental business interruption threat. This total risk is assessed at between £250k-£300k.

At 31st August 2022 the Free Reserves, as calculated in accordance with Charity Commission guidelines, to include unrestricted and undesignated reserves less fixed assets, were £473,750

The Board formally reviews our risks and reserves policy and cash holding regularly throughout the year.

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

Page 3

The Saviour Trust Trustees Annual Report

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:

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 18 April 2023

Page 4

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 2022 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 5

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 6

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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent on which the audit was considered capable of detecting irregularities including fraud.

Our approach to identifying and assessing the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations were as followed:

• Engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non compliance with applicable laws and regulations.

• We identified the laws and regulation applicable to the company through discussions with directors and management, and from our commercial knowledge of the sector in which the business operates

• We focused on specific laws and regulations which we consider to have material effect on the financial statements or the operations of the charitable company, including the companies act 2006, taxation legalisation, data protection, anti bribery, employment, environmental and health and safety.

• We assessed the extent of compliance with the laws and regulations mentioned above through discussions with management and inspecting of legal correspondence.

• Identified laws and regulations were communicated with the audit team regularly and the team remained alert to instances of non compliance during the audit

We assessed the susceptibility of the charitable company financial statements to material misstatement, including obtaining an understanding of how fraud may occur by

•Considering the internal controls in place to mitigate the risk of fraud and non compliance with laws and regulations.

•Making enquires to management as to where they consider there was a susceptibility to fraud, their knowledge of actual, suspected or alleged fraud

To address the risk of fraud through management bias and override of controls we:

•Performance analytical procedures to identify any unusual or unexpected relationships.

•Assess whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias

•Investigated rational behind significant and unusual transactions.

Page 7

The Saviour Trust

Audit Report Unqualified

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.

This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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, Senior Statutory Auditor For and on behalf of Hansons, Chartered Accountants and Statutory Auditors St Oswald House St Oswald Street Castleford

WF10 1DH 18 April 2023

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 2022

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
2022
£
-
4,638,258
146		 Total funds
2022
£
-
4,638,258
146		 Total funds
2021
£
34,972
3,929,056
154
4,638,404
3,371,944
1,046,493		 4,638,404
3,371,944
1,046,493		 3,964,182
2,855,934
850,813
4,418,437
-		 4,418,437
-		 3,706,747
-
219,967
-		 219,967
-		 257,435
-
219,967 219,967 257,435
219,967
1,482,937		 219,967
1,482,937		 257,435
1,225,502
1,702,904 1,702,904 1,482,937

Page 9

The Saviour Trust Summary Income and Expenditure Account for the year ended 31 August 2022

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		 2022
£
4,638,258
146
4,638,404
4,383,044
35,393
4,418,437
219,967
219,967		 2021
£
3,964,028
154
3,964,182
3,669,750
36,997
3,706,747
257,435
257,435

Page 10

The Saviour Trust Balance Sheet

at 31 August 2022

Company No.
06136023
Notes
2022
£
Fixed assets
Tangible assets
12
945,423
945,423
Current assets
Debtors
13
176,053
Cash at bank and in hand
725,421
901,474
Creditors:Amount falling due within one year
14
(143,993)
Net current assets
757,481
Total assets less current liabilities
1,702,904
Net assets excluding pension asset or liability
1,702,904
Total net assets
1,702,904
The funds of the charity
Restricted funds
15
Unrestricted funds
15
General funds
1,419,173
Designated funds
283,731
1,702,904
Reserves
15
Total funds
1,702,904		 2021
£
823,314
823,314
161,708
586,287
747,995
(88,372)
659,623
1,482,937
1,482,937
1,482,937
1,183,822
299,115
1,482,937
1,482,937

For the year end 31 August 2022 the charitable company was entitled to exemption under section 477 of the companies act 2006 relating to small companies.

The members have not required the company to obtain an audit 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.

Page 11

The Saviour Trust Balance Sheet

These financial statements have been audited under the requirements of Section 144 of the Charities Act 2011.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies Approved by the board on 18 April 2023

And signed on its behalf by:

J.I. Warnett Trustee

18 April 2023

Page 12

The Saviour Trust Statement of Cash flows for the year ended 31 August 2022

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 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
Bank overdrafts		 2022
£
219,967
55,561
(1,269)
(146)
(14,345)
51,119
310,887
4,000
(180,401)
146
(176,255)
-
134,632
568,287
702,919
725,421
(22,502)
702,919		 2021
£
257,435
53,018
-
(154)
(34,690)
32,447
308,056
-
(210,920)
154
(210,766)
-
97,290
488,997
586,287
586,287
(18,000)
568,287

Page 13

The Saviour Trust Notes to the Accounts

for the year ended 31 August 2022

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.

The Saviour Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

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

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.

Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Page 14

The Saviour Trust Notes to the Accounts

Income

Expenditure

Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
expenditure cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising
raising funds trading costs and investment management costs.
Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and
charitable activities services in the furtherance of its objects, including the making of grants and
governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
Governance costs These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any audit/independent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

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

Page 15

The Saviour Trust Notes to the Accounts

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.

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. The trustees consider that there are no material uncertainties about the Saviour Trust ability to continue as a going concern.

Page 16

The Saviour Trust

Notes to the Accounts

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
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
4
Income from donations and legacies
Grants
5
Income from charitable activities
Rental Income		 Unrestricted
funds
2021
£
-
3,929,056
154
3,929,210
2,844,199
827,576
3,671,775
257,435
257,435
257,435
1,225,502
1,482,937
Unrestricted
£
4,638,258
4,638,258		 Restricted
funds
2021
£
34,972
-
-
34,972
11,736
23,236
34,972
-
-
-
-
-
Total
2022
£
-
-
Total
2022
£
4,638,258
4,638,258		 Total funds
2021
£
34,972
3,929,056
154
3,964,182
2,855,935
850,812
3,706,747
257,435
257,435
257,435
1,225,502
1,482,937
Total
2021
£
34,972
34,972
Total
2021
£
3,929,056
3,929,056

Page 17

The Saviour Trust Notes to the Accounts

6 Income from investments

Deposit Account Interest
7
Expenditure on charitable activities
Expenditure on charitable
activities
Employee Costs
Property Costs
Depreciation
Governance costs
Audit fees
Legal and professional costs
Accountancy
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		 Unrestricted
£
146
146
Unrestricted
£
66,806
3,271,031
18,899
8,250
5,806
1,152
3,371,944
Unrestricted
£
862,502
71,188
42,773
35,393
34,637
1,046,493
2022
£
36,662
8,250		 Total
2022
£
146
146
Total
2022
£
66,806
3,271,031
18,899
8,250
5,806
1,152
3,371,944
Total
2022
£
862,502
71,188
42,773
35,393
34,637
1,046,493		 Total
2021
£
154
154
Total
2021
£
63,514
2,765,157
16,020
6,616
3,403
1,224
2,855,934
Total
2021
£
678,783
54,446
43,778
36,996
36,810
850,813
2021
£
36,996
6,616

Page 18

The Saviour Trust Notes to the Accounts

10 Trustee remuneration and expenses

One or more of the trustees has been paid remuneration in the current or prior periods.

Mr Brown has been paid remuneration for employment for charity including being treasurer, and homeless support office. This remuneration was £10,234 (2021 £9,645).

Mr Brown is a related party, the full amount was for employment services provided the year and there is no balance outstanding at the end of the accounting period.

11 Staff costs
Salaries and wages
Social security costs
Pension costs		 752,238
65,104
36,046
853,388		 604,097
44,763
26,892
675,752

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
12 Tangible fixed assets
Cost or revaluation
At 1 September 2021
Additions
Disposals
At 31 August 2022
Depreciation and
impairment
At 1 September 2021
Depreciation charge for the
year
Disposals
At 31 August 2022
Net book values
At 31 August 2022
At 31 August 2021
13 Debtors
Trade & Other debtors
Prepayments and accrued income		 Land and
buildings
£
802,982
142,012
-
944,994
90,658
18,899
-
109,557
835,437
712,324		 2022
Number
35
35
Motor
£
152,348
36,840
(8,630)
180,558
65,168
30,322
(5,899)
89,591
90,967
87,180
2022
£
62,498
113,555
176,053		 Equipment
£
67,920
1,549
-
69,469
44,110
6,340
-
50,450
19,019
23,810		 2021
Number
30
30
Total
£
1,023,250
180,401
(8,630)
1,195,021
199,936
55,561
(5,899)
249,598
945,423
823,314
2021
£
62,603
99,105
161,708

Page 19

The Saviour Trust Notes to the Accounts

14 Creditors:

amounts falling due within one year

Credit Card
Trade creditors
Other taxes and social security
Accruals and deferred income
15 Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Designated funds:
Housing Support
Sustainability fund
Total
Revaluation Reserves:
Total funds		 At 1
September
2021
1,183,822
299,115
299,115
1,482,937		 2022
£
22,502
26,946
17,920
76,625
143,993
Incoming
resources
(including
other
gains/losses)
£
4,559,564
78,840
78,840
4,638,404		 Resources
expended
£
(4,324,213)
(94,224)
(94,224)
(4,418,437)		 2021
£
18,000
20,136
14,853
35,383
88,372
At 31
August
2022
£
1,419,173
283,731
283,731
1,702,904

Purposes and restrictions in relation to the funds:

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

16 Analysis of net assets between funds

Fixed assets
Net current assets		 Unrestricted
funds
£
945,423
757,481
1,702,904		 Total
£
945,423
757,481
1,702,904

Page 20

The Saviour Trust Notes to the Accounts

17 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents
Net Asset		 At 1
September
2021
£		 Cash flows
£		 New
HP/Finance
leases
£		 At 31
August
2022
£
586,287 139,134 725,421
586,287
586,287		 139,134
139,134		 -
-		 725,421
725,421

18 Commitments

Pension commitments

Pension commitments
2022 2021
£ £
The pension cost charge to the company
amounted to: 36,046 26,892

19 Related party disclosures

Controlling party

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

Page 21