2023-08-31-accounts - The Saviour Trust

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The Saviour Trust

Charity No. 1122886

Company No. 06136023

Trustees' Report and Audited Accounts

31 August 2023

The Saviour Trust Contents

	Pages
Trustees' Annual Report	2 to 5
Auditor's Report	6 to 9
Statement of Financial Activities	10
Balance Sheet	11
Statement of Cash flows	12
Notes to the Accounts	13 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 2023.

Objectives and Activities

The charity exists to:

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.
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.
Provide assistance to and services to the homeless with a view to helping their rehabilitation.

Significant activities and achievements

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.

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 19 properties, so that The Trust was officially managing 285 properties (537 units). At the end of August 2023, The Trust was accommodating 537 adults and 25 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.

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.

By the 31 August 2023 the properties acquired by The Trust totalled 17.

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.

Page 2

The Saviour Trust Trustees Annual Report

Structure, Governance and Management

Governance Structure

Recruitment and Appointment of Board of Trustees

The directors of the company are also charity trustees for the purposes of charity law and under the company's articles are known as members of the Board of Trustees.

All members of the Board of Trustees give their time voluntarily and received no benefits from the charity in their capacity as trustees. Mr N Brown, who is a trustee, received remuneration of £12,455 (2022: £ 10,234 forwork carried out in his capacity as treasurer and Housing Support Officer.

Trustees are appointed so as to provide a the necessary range of skills and expertise required to ensure the successful achievement of the charitable company's objectives.

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.

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. Risk management is considered at all trustees meetings and procedures are in place to monitor risks. the effectiveness of these procedures and controls is reviewed regularly.

Financial Review

The Trust has enjoyed a successful year and, through diligent financial management, the charity's activities have produced a surplus for reinvestment in the Trust's activities of £116,764, giving reserves at 31 August 2023 of £1,685,897.

Free Reserves Policy

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 2023 the Free Reserves, as calculated in accordance with Charity Commission guidelines, to include unrestricted and undesignated reserves less fixed assets, were £382,258.

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

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.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 06136023

Charity No. 1122886

Page 3

The Saviour Trust Trustees Annual Report

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 Resigned 1 March 2023 S. Kelly N. McDonald J.I. Warnett Chair of the Board of Trustees M.J. Williamson Key Management Personnel General Manager Hannah Iwanuschak

Auditor

Hansons St Oswald House St Oswald Street Castleford WF10 1DH

Bankers

Barclays Bank UK Plc Leicester LE87 2BB

Solicitors

Lofthouse & Co 16 Wesley Street Castleford WF10 1AE

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:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;

Page 4

The Saviour Trust Trustees Annual Report

make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed,
subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustees are responsible for keeping 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 Trustee 29 July 2024

Page 5

The Saviour Trust Independent Audit Report

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 2023 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:

give a true and fair view of the state of the charitable company's affairs as at 31 August 2023 and of its incoming resources and application of resources for the year ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

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:

the trustees' use of the going concern basis of accounting in the preparation of the accounts is not appropriate; or
the trustees have not disclosed in the accounts any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the accounts are authorised for issue.

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

Independent Audit Report

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:

the information given in the trustees' report for the financial year for which the accounts are prepared is consistent with the accounts; and
the trustees' report has been prepared in accordance with applicable legal requirements.

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:

adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the accounts are not in agreement with the accounting records and returns; or
certain disclosures of trustees' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to prepare the accounts in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.

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 144 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 Independent Audit Report

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 rationale behind significant and unusual transactions.

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.

Page 8

The Saviour Trust

Independent Audit Report

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, Accountants and Statutory Auditors

St Oswald House

St Oswald Street Castleford

WF10 1DH 29 July 2024

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 9

The Saviour Trust Statement of Financial Activities including Income and Expenditure Account

for the year ended 31 August 2023

Unrestricted funds 2023 £ 5,009,631 1,259	Total funds 2023 £ 5,009,631 1,259	Total funds 2022 £ 4,638,258 146
5,010,890 4,741,148 147,621	5,010,890 4,741,148 147,621	4,638,404 4,352,950 121,917
4,888,769 -	4,888,769 -	4,474,867 -
122,121 -	122,121 -	163,537 -
122,121	122,121	163,537
122,121 1,627,371	122,121 1,627,371	163,537 1,463,834
1,749,492	1,749,492	1,627,371

Page 10

The Saviour Trust Balance Sheet

at 31 August 2023

at 31 August 2023
Company No. 06136023 Notes 2023 £ Fixed assets Tangible assets 10 1,247,479 1,247,479 Current assets Debtors 11 203,633 Cash at bank and in hand 613,484 817,117 Creditors:Amount falling due within one year 12 (315,104) Net current assets 502,013 Total assets less current liabilities 1,749,492 Net assets excluding pension asset or liability 1,749,492 Total net assets 1,749,492 The funds of the charity Unrestricted funds 13 General funds 1,476,185 Designated funds 273,307 Total funds 1,749,492	2022 £ 945,423
	945,423 176,053 725,421
	901,474 (219,526)
	681,948 1,627,371
	1,627,371
	1,627,371
	1,343,640 283,731
	1,627,371

Approved by the board on 29 July 2024

And signed on its behalf by:

J.I. Warnett Trustee 29 July 2024

Page 11

The Saviour Trust Statement of Cash flows for the year ended 31 August 2023

Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Loss/(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 (decrease)/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 Credit Card	2023 £ 122,121 63,393 4,897 (1,259) (27,580) 86,291 247,863 2,500 (372,846) 1,259 (369,087) - (121,224) 702,919 581,695 613,484 (31,789) 581,695	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

Page 12

The Saviour Trust Notes to the Accounts

for the year ended 31 August 2023

1 Accounting policies

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.

The financial statements have been prepared on a going concern basis under the historical cost convention. The trustees are not aware of any material uncertainties that would lead them to believe that the going concern basis is not appropriate. The financial statements are presented in sterling, which is the functional currency of the charity, and rounded to the nearest £1.

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.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with Where income has related expenditure the income and related expenditure is related reported gross in the SoFA.

expenditure

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable.

Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 13

The Saviour Trust Notes to the Accounts

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 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.

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.

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.

Page 14

The Saviour Trust Notes to the Accounts

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

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 15

The Saviour Trust

Notes to the Accounts

3 Statement of Financial Activities - prior year

3 Statement of Financial Activities - prior year
Income and endowments from: 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 charitable activities Rental Income Support Worker Funding 5 Income from investments Deposit Account Interest	Unrestricted £ 4,984,155 25,476 5,009,631 Unrestricted £ 1,259 1,259	Unrestricted funds 2022 £ 4,638,258 146 4,638,404 4,352,950 121,917 4,474,867 163,537 163,537 163,537 1,405,002 1,568,539 Total 2023 £ 4,984,155 25,476 5,009,631 Total 2023 £ 1,259 1,259	Total funds 2022 £ 4,638,258 146
			4,638,404 4,352,950 121,917
			4,474,867
			163,537
			163,537
			163,537 1,405,002
			1,568,539
			Total 2022 £ 4,638,258 -
			4,638,258
			Total 2022 £ 146
			146

Page 16

The Saviour Trust Notes to the Accounts

6 Expenditure on charitable activities

Expenditure on charitable activities Employees costs Property Costs Depreciation Motor Expenses Governance costs Audit Legal and professional costs Accountancy Costs 7 Other expenditure Other interest payable Employee Welfare Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs 8 Net income before transfers This is stated after charging: Depreciation of owned fixed assets Auditors' remuneration Other fees paid to the auditor	Unrestricted £ 1,136,788 3,463,532 25,483 99,349 8,220 6,624 1,152 4,741,148 Unrestricted £ 7,015 4,939 42,933 42,807 49,927 147,621 2023 £ 63,393 8,220 1,152	Total 2023 £ 1,136,788 3,463,532 25,483 99,349 8,220 6,624 1,152 4,741,148 Total 2023 £ 7,015 4,939 42,933 42,807 49,927 147,621	Total 2022 £ 976,624 3,271,031 18,899 71,188 8,250 5,806 1,152
			4,352,950
			Total 2022 £ - 9,114 42,773 35,393 34,637
			121,917
			2022 £ 55,561 8,250 1,152

Page 17

The Saviour Trust Notes to the Accounts

Staff costs
	2023	2022
	£	£
Salaries and wages	987,504	847,142
Social security costs	105,701	93,436
Pension costs	43,583	36,046
	1,136,788	976,624
No employee received emoluments in excess of £60,000.
Total employee benefits received by key management personnel	45,773	42,196
The average monthly number of full time equivalent employees	during the year was as follows:
	2023	2022
	Number	Number
Support Staff	39	35
	39	35

One 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 officer. This remuneration was £12,455 (2022 £10,234).

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.

None of the trustees have been paid any expenses in the current or prior periods, no trustees have been paid remuneration for being a trustee.

Page 18

The Saviour Trust Notes to the Accounts

10 Tangible fixed assets

Cost or revaluation At 1 September 2022 Additions Disposals At 31 August 2023 Depreciation and impairment At 1 September 2022 Depreciation charge for the year Disposals At 31 August 2023 Net book values At 31 August 2023 At 31 August 2022 11 Debtors Trade debtors Prepayments and accrued income 12 Creditors: amounts falling due within one year Bank loans and overdrafts Trade creditors Other taxes and social security Accruals and deferred income	Land and buildings £ 944,994 330,924 - 1,275,918 109,557 25,483 - 135,040 1,140,878 835,437	Motor £ 180,558 35,030 (13,150) 202,438 89,591 31,499 (5,753) 115,337 87,101 90,967 2023 £ 64,595 139,038 203,633 2023 £ 31,789 36,369 183,428 63,518 315,104	Equipment £ 69,468 6,892 - 76,360 50,449 6,411 - 56,860 19,500 19,019	Total £ 1,195,020 372,846 (13,150)
				1,554,716
				249,597 63,393 (5,753)
				307,237
				1,247,479
				945,423
				2022 £ 51,321 124,732
				176,053
				2022 £ 22,502 26,946 93,453 76,625
				219,526

Page 19

The Saviour Trust Notes to the Accounts

13 Movement in funds

Restricted funds: Unrestricted funds: General funds Designated funds: Housing Support Sustainability fund Total Revaluation Reserves: Total funds	At 1 September 2022 1,343,640 283,731 283,731 1,627,371	Incoming resources (including other gains/losses) £ 4,903,799 107,091 107,091 5,010,890	Resources expended £ (4,771,254) (117,515) (117,515) (4,888,769)	At 31 August 2023 £ 1,476,185 273,307
				273,307

				1,749,492

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.

14 Analysis of net assets between funds

At 1 September 2022 £	Cash flows £	Unrestricted funds £ 1,247,479 502,013 1,749,492 New HP/Finance leases £	Total £ 1,247,479 502,013
			1,749,492
			At 31 August 2023 £
725,421	(111,937)		613,484
725,421 725,421	(111,937) (111,937)	- -	613,484
			613,484

15 Reconciliation of net debt

Page 20

The Saviour Trust Notes to the Accounts

16 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

Operating leases are for property rental for service users of Saviour Trust. these are part of the ongoing operation of the Charity. the charity only takes on new leases where there is a demand and income identified for that property. These are all short term leases less than 12 months.

Also included is rent of office space from which Saviour Trust operates. These are leases that cover more than 12 month period

than 12 month period
Operating leases with expiry date: Within one year In the second to fifth years inclusive Over five years	2023 Land and buildings £ 629,616 53,750 - 683,366	2023 Other £ - - - -	2022 Land and buildings £ 662,446 65,472 8,750 736,668	2022 Other £ - - -
				-

Pension commitments

*Pension commitments*
	2023	2022
	£	£
The pension cost charge to the company
amounted to:	43,583	36,046

17 Related party disclosures

Controlling party

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

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The Saviour Trust Notes to the Accounts

18 Prior period adjustment

A liability to Pay As You Earn taxes in respect of company vehicles has been discovered by the Charity during the current year. This is due to the vehicles in question being parked at the homes of some employees, for security reasons to protect the Charity's assets, following previous vandalism to a vehicle that had been parked at the Charity's premises.

Although non-business use of the Charity's vehicles by employees is prohibited, strict interpretation of the taxation rules in this area regards the vehicles being kept in the vicinity of employees' homes as non-business use and therefore subject to income tax.

As the employees undertook these arrangements at the behest of the Charity, the charity has decided that the historic PAYE tax charge be borne by the Charity.

The impact of this on the comparative figures for the year ended 31 August 2022 is:

A reduction of the general reserve brought forward at 1 September 2021 of £19,103.

A restatement increasing the Wages, salaries and social security costs in the Statement of Financial Activities for the comparative period of £56,430.

An increase in the amount of creditors due within one year in respect of taxation and social security costs of £75,533.

The adjustments reduce the general reserve brought forward at 1 September 2022 by £75,533.

The Charity continues to require a fleet of vehicles to carry out its operations and new arrangements are now in place to mitigate similar liabilities occurring in the future.

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