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2021-03-31-accounts

Unaudited Trustees’ annual report and financial statements For the year ended 31 March 2021

Shelter from the Storm (a company limited by guarantee) Registered Company number: 6631475 Charity number: 1125575

Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Contents

Reference and administrative details of the company ................................................. 3 Our Mission ...................................................................................................................... 4 About Shelter from the Storm ......................................................................................... 5 Mission statement and vision ............................................................................................... 6 Co-Founder’s statement and annual review ........................................................................ 7 Structure, governance and management...................................................................... 24 Constitution ....................................................................................................................... 24 Method of appointment or election of trustees .................................................................... 24 Organisation ...................................................................................................................... 24 Financial Review and Reserves Policy ........................................................................ 25 Trustees' responsibilities statement ............................................................................ 26 Independent examiners report ...................................................................................... 27 Statement of financial activities .................................................................................... 28 Balance Sheet................................................................................................................. 29 Statement of Cash Flows .............................................................................................. 31 Notes to the Financial Statements ................................................................................ 32

registered charity # 1125575 | registered company # 6631475

Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Reference and administrative details of the

company

Trustees and advisers for the year ended 31 March 2021

Registration Details

Company Registered Number: 6631475 Charity Registered Number: 1125575

Registered Office

Suite 3, Kemp House, 152-160 City Road, London, EC1 2NX

Chief Executive

S M Stephenson

Accountants

Berg Kaprow Lewis LLP Chartered Accountants 35 Ballards Lane, London, N3 1XW

Principal Bankers

Barclays Bank PLC

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Our Mission

Our Mission is to house and support people who’ve experienced homelessness in London whoever they are wherever they come from

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

About Shelter from the Storm

Shelter from the Storm is a completely free emergency night shelter providing bed, dinner and breakfast for up to 36 people every night of the year. Established in 2007 as a response to the increasing levels of homelessness and destitution on the streets of London, our mission is to house and support people who’ve experienced homelessness in London whoever they are wherever they come from .

We take people off the streets FIRST then see what we can do to help them, while offering the dignity and respect they deserve. Not only do we give a safe warm bed for the night, showers, clothing and meals all free of charge but we also provide a settled base, with an address where people can receive mail and register for ID, employment or benefits.

The work of the shelter has always been based around the notion that people experiencing homelessness are part of our community, not an embarrassment to be swept into the gutter. With the right support, our guests can and do take their rightful position in society. For some this will be in paid employment, for others not ready or able to work, it will be about helping them become more active, involved and engaged members of their community. Each evening they sit down to eat together; a simple ritual for most of us, but for many of them it will be the first time they’ve done this since they left home.

Shelter from the Storm is 14 years old this year. We don’t think we’ve changed too much since we first began; yes, we’re able to offer more services to our guests, but the concept is still the same and this is why, 14 years down the line, we still think that what we do works, is important and deserves to be recognized and supported, and we’re determined to continue our work for years to come.

We started with one night in a church hall and now we care for up to 36 men and women every night, 365 days a year. Shelter from the Storm truly is a place of transformation, a place of hope - not only for our guests, but for all of us.

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Mission statement and vision

Our mission is to house and support people who’ve experienced homelessness in London whoever they are wherever they come from . Our vision is of a society where charities like Shelter from the Storm are no longer necessary.

To achieve our mission and realise our vision all our activities are underpinned by the following values:

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Co-Founder’s statement and annual review

‘It’s the people, not the place’ has been one of the enduring credos of Shelter from the Storm. This has never been more true than during the last year or so; when we moved our guests back into the shelter in September 2020, we knew we could depend on our people. All of the usual day time services and facilities our guests depend on were still closed so we took the decision to open 24/7 – we felt it was the only way to keep our guests safe. This was a huge strain on our staff and volunteers but as always with our wonderful team, they rose to the occasion – they truly are our SFTS Family!

The Pandemic has disproportionately affected the poor, those in precarious employment and in insecure housing. We saw this first hand with guests who’d been laid-off from good well-paying jobs and then been evicted – many of us really are only a couple of pay-packets away from being without a roof over our heads. The end of the Furlough scheme, the scrapping of the £20 benefit uplift and the end of the eviction ban have propelled the homelessness issue into a crisis – in November 2021, evictions across the UK had increased by 207%.

Throughout this challenging time we’ve done our best to support people’s spirit. We’ve continued with Counselling and English classes as well as Cookery, Sewing and Art classes. We’re slowly getting back to a little bit of ‘normal’. We’ve helped guests who are able into some really great employment and into their own homes. As one of the very few available options, especially for those with no access to state support (the scheme to house rough sleepers in Hotels has effectively ceased), demand for our service is growing daily.

Whoever they are, wherever they come from, people who’ve experienced homelessness will continue to find a safe haven at Shelter from the Storm - a place of transformation, a place of joy, a place of hope.

Sheila Scott (Stephenson) Co-founder & Chief Executive October 2021

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Our team General Manager - Matt Conlon, Chief Executive - Sheila Scott, Project Workers – Sara Saghafi, Celia Moodie & Helena Atkins

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Our volunteers

During these difficult times, we’ve been overwhelmed by the response of the public, especially local people, who are so keen to help with the work of the shelter. Our amazing volunteers are key to delivering truly remarkable outcomes for our guests. Many volunteers have been with us since the beginning, some for years and new team members are joining us all the time. Once they’re settled in their new homes, we encourage our ex guests to come back to volunteer. Our fantastic and dedicated crew always go the extra mile to provide a warm, welcoming and safe environment for the guests. They cook delicious dinners, undertake arduous fundraising activities, do laundry, play pool, help with CVs and job applications, search for rooms, but mostly offer love and care and a someone to talk to.

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Michael

My name is Michael, and this is my story. ‘Shelter from the Storm’ (SFTS) saved my life. That seems quite a dramatic opener but it is so true it is for me a mandatory prerequisite to any narrative that I give in support of this brilliant, worthwhile and much needed charitable organisation. I am so pleased add that this is a story with a really good outcome.

Not so long ago I was living a very comfortable life. Approaching my mid-60s, in good health, and using my skills in corporate research and project management, I was able to pick and choose my contracts, travel extensively and enjoy life fully. I lived in a small studio in a very affluent part of North London, on a peppercorn rent that I had negotiated a long time ago. Life was good, and having recently come out of a long-term relationship, I was certainly lulled into thinking things would remain the same for some time to come.

Here’s a thing – you often hear it said that many of us are one pay cheque from difficulty and two pay cheques from disaster. Believe me - it’s very true! A perfect storm of difficulties and disasters were about to enter my life. My landlord passed away and very quickly the property went on the market and was sold. Simultaneously my contractual work slowed, and

then stopped as part of reorganisations and cutbacks – too many eggs in too few baskets were bring the chickens home to roost, as it were.

registered charity # 1125575 | registered company # 6631475

Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

What followed for me was a sadly well-trodden path travelled by so many who become homeless. Moving from rented properties, to rooms, to hostels – then using friends places – and then finding empty places to bed down in – and along the way shedding possessions, but above all losing feelings of security and not seeing a future.

By a stroke of luck, the Salvation Army referred me to SFTS. It was the most warm and friendly welcome by a team of dedicated professionals and volunteers. A clean and safe place to sleep, shower and eat – and I mean eat well. Really well-cooked meals taken with all the guests in the dining room – a great sense of community which I really valued.

But wait a minute, Michael, I hear you ask. You said at the outset that SFTS saved your life. How did that happen?

Well, one of the major milestones in my life was about to pop up. SFTS offer more than just a bed, a meal and a shower. There is a range of support to help guests including looking for and finding work, encouraging study, searching for more permanent accommodation, and also giving emotional and phycological support to those that request it.

I took the opportunity after a month or so of having a check-up with my GP. Why not I thought – after all I was nearly 65 and here was the time to examine my health. To cut a long story short, I was diagnosed with prostate cancer. The process of GP referral to a hospital, a whole set of blood tests, MRI scans, PET Scan, diagnostics, consultations, took about a month during which time I was able to discuss my progress every week with the shelter Psychotherapist who gave of their time generously and with much understanding. The SFTS staff were very supportive, and through the process I had learnt that I had been lucky – very lucky. My cancer was localised and treatable. It was caught early!

That is why I owe my life to SFTS. Had I not been a guest there I would not have bothered with a full check-up. It would not have been something that I would have considered with the way I had been living before. I certainly would not have had the free facility of a private professional psychotherapeutic perspective! Can you imagine the cost of that on Harley Street!

So how does the story end. SFTS referred me to a supported housing association, and that is where I am now. I started my treatment there with the enormous help of a cancer support charity, and SFTS gave an open invitation to join them for evening meals as a former guest. Four years on and through a programme of radiotherapy and hormone treatment, I am clear of prostate cancer. Of course, the NHS check me over every six months and will do for the next four years. I am fit, healthy, and now looking to move onwards. Most importantly I am here to tell the story. A story that ends well.

Thanks Shelter from the Storm.

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Ayesha*

I was married for 20 years – it was quite a violent relationship and for the last 7 years my partner suffered from mental health issues. It wasn’t till I ended up in hospital with a broken jaw and fractured ribs that I realised it didn’t have to be like this. The hospital put me up in a hotel, but when that closed down, I was placed near to where my ex-partner lived. Wherever I managed to find a bed, it didn’t take long for him to find me.

People wonder why someone in my position doesn’t just leave, but they don’t understand how strong the emotional control is. He told me I couldn’t exist without him and I believed him – it seems extraordinary now! I’ve been away for a year now and it still feels unreal.

I had been sofa surfing all over the place till I got a referral to the Shelter

and they offered me a bed. Now I’m safe, I feel I can breathe again. I’m getting a lot of support from the staff and the other guests. The team are helping me to get permanent housing somewhere away from my ex.

I feel like I’ve been living under a rock for so many years and I’ve finally come up for air. I’m looking at going back to my studies in Health and Social Care Management. My dream is to be a Social Worker – I think I have a better understanding of the issues people suffer and I believe I can really make a difference.

*Name and any identifying details have been changed

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

English classes

Our English teachers have continued to provide an amazing service, working remotely with our guests and latterly face to face with social distancing.

We realise that gaining a proper grasp of English is key to the well-being, inclusion and employment prospects for many of our guests. Some will have fled war-torn areas or escaped trafficking or slavery. Our experienced ESOL teachers design the lessons with the needs of each individual student in mind. Classes are one to one or in small groups.

Some need help with job interviews and the specialist vocabulary for work – some need help with housing interviews. But for others, being able to buy things in a shop, get tickets at the station or just asking questions face-to-face or over the phone are all part of ensuring guests assimilate safely and comfortably into society.

With cuts to the provision of adult education, we provide one of the few services our guests can access. We believe that by supporting these guests to improve their communication skills we will not only enhance their wellbeing but:

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Counselling

After 9 brilliant years Charlotte Williams stood down as our counsellor. We want to thank her for the many years of wonderful support not only for our guests, but for all of us at the shelter. We’re delighted to welcome Mehboob Dada to our team as our new counsellor. During the Pandemic our counselling services have been more important than ever.

Many guests arrive at the Shelter through extraordinary, incomprehensible journeys via different countries, living through hardship and isolation. Being detached and living in insecure environments cannot be easy, the fact that they survive is remarkable. They come to the Shelter carrying their pain, feeling traumatised and with wounds that need healing. Guests made homeless in the U.K. are equally vulnerable and traumatised by the personal and or professional hardships they find themselves in. The importance that counselling plays in the guests lives cannot be underestimated.

Working with the guests in the time of COVID has presented its own challenges. For the first three months we worked online but now we’ve been able to resume face to face sessions. Developing relationships with the guests is a critical element for enabling healing to take place. Enabling a space for all of the guests to talk provides an opportunity to work through some of the pain and challenges they are confronted with. Counselling is a starting point and this only works in cooperation with colleagues working on areas of care and support required for the guests. This process enables the guests to identify a way forward in their lives.

Mehboob Dada, Counsellor (MBACP Accred)

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Enrichment activities

Lockdown has been so hard for all of us, but it’s been especially difficult for our guests. All the usual daytime activities have been closed. During the Pandemic our talented and inspirational volunteers have been wonderfully innovative in providing a variety of creative enrichment classes for our guests.

Sewing Classes at the Shelter

Art classes at the shelter

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Shelter Garden

Our garden continues to mature and grow. Matt and some of our guests built these beautiful planters. Many of our neighbours have told us how our garden has really cheered them up this year.

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Free takeaway meals for the local community during the pandemic

Sadly, we had to close the community café and stop all the daytime activities we offered for local people during the lockdown. We knew some of our neighbours were shielding, others were furloughed and sadly some had been laid off – many were struggling financially. Our staff and volunteers started cooking tasty free takeaway meals for those in need. We built a network of volunteers, including our local mutual aid group, who delivered the meals to those unable to collect in person. We cooked and shared 100 or more meals a day three days a week. We kept this up till Xmas 2020 serving in excess of 5,000 meals.

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Move on Up

The major issue affecting the people we support at the shelter is access to truly affordable permanent housing where they can live and thrive independently. This is particularly true of those who we’ve managed to support into employment.

We plan to provide a property within easy access of our shelter in Archway. The property will be rented at truly affordable rates, feasible for those in minimum wage employment. People living in the ‘Move on Up’ homes would have full and free access to all shelter amenities including meals, training, counselling and English lessons. A major problem for the people we help into accommodation is the feelings of isolation they often experience away from friends and family – the shelter will continue to provide a ‘home from home’ as long necessary.

Participatory Action Research – PAR

SFTS have embarked on a PAR to explore what support we can provide for local people. Specifically, how the Cafe at 91 and other non-shelter space might become a hub that can provide resources based on our neighbours needs and aspirations.

In order to develop a strategy for this work we’re inviting local residents the opportunity to take part in our PAR project. Briefly, PAR is an approach to research in and by communities that seeks to foster broad participation and action, especially for people who experience marginalisation and oppression. PAR can take many forms but importantly can help people build skills, confidence and empowering relationships.

The benefits of this project are:

A means through which SFTS can contribute to life in our neighbourhood in a sustainable and meaningful way

The development of a trusting and understanding relationship between our neighbours and SFTS

To empower residents to find a voice and advocate for themselves in the long term To provide a community building activity for local people to help combat the challenges of the current context (i.e. the negative health, wellbeing and economic consequences of COVID-19 and previous and pre-existing challenges.)

The aims and scope of the project will be decided in collaboration with residents. The research will be designed to ensure that all local people can be included in a manner that is suitable and safe for them. The project will be documented and celebrated so the work of all participants is acknowledged and so the findings can be used to guide community activity development in the future. We hope this project will be the start of a long-term programme of this kind of work.

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

We’re working on this project with:

Dr Megan Clinch a social anthropologist, currently a Senior Lecturer in the Global Public Health Unit at Bart’s and the London School of Medicine and Dentistry. She conducts participatory research in the London Borough of Tower Hamlets and the Calder Valley in Yorkshire with statutory services and local community groups.

Naomi Rubbra https://www.peoplematter.studio/ Naomi is completing her Architectural training and has a special interest and experience in delivering projects that provide equitable, healthy neighbourhoods that rely on listening to and designing alongside the people who live there.

Impact Assessment

With the support of Clare Richards of ftWork https://ftwork.co.uk/ we are undertaking an impact assessment with Just Economics. The objective of the proposed research is to enable SFTS to robustly evidence and report on the impact of its work with clients, including socio-economic costs and benefits to individuals and key stakeholders where relevant. To this end, we’ve embarked on a two-step process:

1)Scoping Phase - to build a comprehensive Theory of Change (TOC) and measurement framework for Shelter from the Storm that will enable us to transition from primarily collecting data on our ‘outputs’, to collecting data on our ‘outcomes’ and our ‘impact’. We have always believed that the benefit our guests (and the wider society) get from the shelter are not solely financial.

2) Implementation Phase - to collect and analyse data, build the socio-economic model, and report on the impact of Shelter from the Storm

The Just Economics team are recognised experts in a range of impact evaluation and economic research techniques, including Outcome Evaluation, Cost-Benefit Analysis (CBA) and Social Return on Investment (SROI).

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Community Bike Workshop

Islington has the 4th highest rate of children living in poverty in the UK and Shelter from the Storm is based in the most deprived area of Islington. We see this every day as we go about our work – recently there’s been a spate of knife crime resulting in the deaths of two young people. The effects of austerity and cuts to services, particularly for young people, have been devastating everywhere but especially in our depressed inner-city borough. The atmosphere of despair is palpable.

What we want to do with our workshop is to provide a place of hope and inspiration. Many of our neighbours, whatever their age, have never had the opportunity to learn life enhancing skills – never had the sheer pleasure and satisfaction you get from a simple thing like mending your own or your child’s bike.

Our bike workshop will be an open and inclusive space where our homeless guests and our neighbours, young and old, can come together in a shared enterprise to learn new skills and transform their lives.

The workshop next to our homeless shelter and community café has 3 main aims:

Retrofitting of Coronavirus Safety Measures

During the year, we completed extensive works to ensure that the shelter is as safe as possible during these times for our guests, volunteers and staff. With the help of emergency grants from LandAid, ftwork and The Mercers’ Company, we worked with our brilliant architects Holland Harvey to ensure we preserved the warm, inviting and homely atmosphere of the shelter.

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Five Year Business Plan

With the financial support of the Oak Foundation and help from volunteers of the Cranfield Trust we developed our Five-Year Business Plan and Strategy. We believe this will help us navigate the challenging years ahead and help us achieve mission and objectives.

Thank you to the following for their wonderful support, without which we would be unable to deliver our service to some of the most marginalised people in our society.

Ayrton Bespoke Ltd, Aram Balakjian, Betway Ltd Guernsey, The Borzello Trust, Brunswick Group LLP, Buzzacot Stuart Jeffries Memorial Fund, Caleb Kramer, Clare & Hugh RichardsFTwork Trust, Domino Recording, Egg Break Ltd, Ennismore Foundation Ltd, Explicit Metta Ltd, Goldman Sachs Gives(UK), The Hoxton (Holborn) Ltd, The Hoxton (Shoreditch) Ltd, The Hoxton (Southwark) Ltd, Hughes Fowler Carruthers LLP, John Laing Charitable Trust, Kennedy Wilson UK, LandAid, Leigh Day LLP, The estate of Dr Isadore Levy and Dr Elizabeth Levy, Manogmania Ltd, Mercers Charitable Foundation, Mewburn Ellis LLP, Mr & Mrs Mitchell, The Jan & Catherine Nasmyth Charitable Foundation, The Oak Foundation, The Pret Foundation Trust, Pro Insurance Solutions Ltd, Quadrant Building Control, Streets of London, Streetsmart, Tandoor Chophouse Ltd, Universal Design Studio.

And also to all of our wonderful private donors who have supported us throughout.

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Structure, governance and management

The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of Shelter from the Storm (the company) for the ended 31 March 2021. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.

Constitution

The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 26/6/08.

The company is constituted under a Memorandum of Association dated 26/6/08 and is a registered charity number 1125575.

The principal object of the company is to provide shelter, food, advice, counselling and other forms of charitable support to those who are homeless or otherwise socially or economically disadvantaged.

Method of appointment or election of trustees

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. New trustees are given a copy of the Charity Commission publication 'The Essential Trustee - What You Need to Know', and we are looking at additional training options.

Organisation

The following trustees served throughout the year:

The shelter is managed by Sheila Stephenson (Chief Executive) and Matt Conlon (General Manager) who are supported by three Project Workers and army of volunteers. The volunteer Shift Leaders are responsible for delivering the aims and objectives of the Shelter on the nights/mornings that they are in charge. Any issues of procedure, problems

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

with the guests and source of referrals are constantly monitored and entered on the database. Either the Chief Executive or the General Manager is always available. The Trustees met regularly to consider and review the following in accordance with the needs of our guests:

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit.

Financial Review and Reserves Policy

During the financial period 2020/21 the main expense incurred outside of budgeted operating and project costs was £55,437 to fund the Covid-19 Pandemic response which included partitioning, accommodation layout changes, PPE and tests to keep our guests, volunteers and staff safe.

FUNDING

SFTS continues to rely on private donations from Trusts & Foundations, Private Individuals and Corporate Supporters and receives no funding from government at a central or local level.

In an effort to develop funding covering a period beyond just the coming year, SFTS has secured £275,000 over 5 years commencing financial year 2021/22. Other grants and funding programs are also being pursued.

RESERVES

As can be seen from the accounting statements included within this report, Shelter from the Storm is in good financial health, with unrestricted total funds of £1,327,962 at the end of the accounting period, £200,000 of which are being designated for our truly affordable housing project ‘Move on Up’.

At the end of the accounting period funds are as follows:

Restricted funds: £48,123 Unrestricted Cash: £379,261

The major issue affecting the people we support is access to truly affordable permanent housing where they can live and thrive independently. We plan to provide accommodation within easy access of our shelter in Archway. The accommodation will be rented at affordable rates, pegged to social rents, feasible for those in minimum wage employment. All available funds will be used towards the development of this project with a view to keeping 6 months operational costs in reserve thereafter.

registered charity # 1125575 | registered company # 6631475

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Shelter from the Storm

Trustees’ report and accounts for the year ended 31 March 2021

Trustees' responsibilities statement

The Trustees (who are also directors of Shelter from the Storm for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the Trustees on / /2021 and signed on their behalf by:

23/12/2021

Megan Clinch

Megan Clinch Trustee

registered charity # 1125575 | registered company # 6631475

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SHELTER FROM THE STORM (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Independent Examiner's Report to the Trustees of Shelter from the Storm ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and Basis of Report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

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

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

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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

Ian Saunderson 23/12/2021

Signed:

Dated:

Ian Saunderson FCA

Berg Kaprow Lewis LLP

Chartered Accountants London

Page 27

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Note
Income from:
Donations and legacies
2
Charitable activities
3
Investments
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2021
£
157,316
-
-
157,316
-
119,590
119,590
37,726
10,397
37,726
48,123		 Unrestricted
funds
2021
£
368,833
-
561
369,394
2,061
311,460
313,521
55,873
1,272,089
55,873
1,327,962		 Total
funds
2021
£
526,149
-
561
526,710
2,061
431,050
433,111
93,599
1,282,486
93,599
1,376,085		 Total
funds
2020
£
624,600
1,584
1,004
627,188
1,157
336,075
337,232
289,956
992,530
289,956
1,282,486

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 32 to 51 form part of these financial statements.

Page 28

SHELTER FROM THE STORM (A Company Limited by Guarantee) REGISTERED NUMBER: 06631475

BALANCE SHEET AS AT 31 MARCH 2021

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
14
Total net assets
Charity funds
Restricted funds
15
Unrestricted funds
15
Total funds		 119,402
427,384
546,786
(142,448)		 2021
£
1,300,913
404,338
1,705,251
(329,166)
1,376,085
48,123
1,327,962
1,376,085		 35,554
372,049
407,603
(88,248)		 2020
£
1,342,297
319,355
1,661,652
(379,166)
1,282,486
10,397
1,272,089
1,282,486

Page 29

SHELTER FROM THE STORM (A Company Limited by Guarantee) REGISTERED NUMBER: 06631475

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2021

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Megan Clinch

................................................

M Clinch

Date: 23/12/2021

Page 30

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Cash flows from operating activities
Net cash used in operating activities
Interests from investments
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Repayments of borrowing
Interest paid
Net cash used in financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2021
£
164,542
561
-
(45,518)
(44,957)
(50,000)
(14,250)
(64,250)
55,335
372,049
427,384		 2020
£
431,914
1,004
70
(532,194)
(531,120)
(41,776)
(19,686)
(61,462)
(160,668)
532,717
372,049

The notes on pages 32 to 51 form part of these financial statements

Page 31

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies

1.1 Basis of preparation of financial statements

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

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. At the year-end, the charity was in a strong net asset position and had a healthy cash balance. Additionally, the charity’s main creditor at year end related to a loan, with the majority of this not due to be repaid in the next year.

The charity have considered the effects of the Covid-19 pandemic, and do not believe that it will affect the charity unduly.

For these reasons, they continue to adopt the going concern basis in preparing the financial statements.

1.3 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Page 32

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

1.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

1.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Freehold property improvements- 10% straight line Freehold property improvements- 10% straight line
Plant and machinery - 25% straight line and 50% straight line
Fixtures and fittings - 33.33% straight line
Office equipment - 33.33 % straight line

1.7 Debtors

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

1.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

1.10 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 33

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

1.11 Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

1.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

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

Page 34

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Income from donations and grants

Donations and grants
Donations in kind
Donations and grants
Donations in kind		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
157,316
368,833
-
-
157,316
368,833
Restricted
funds
2020
Unrestricted
funds
2020
£
£
60,795
552,605
-
11,200
60,795
563,805		 Total
funds
2021
£
526,149
-
526,149
Total
funds
2020
£
613,400
11,200
624,600

As outlined by SORP FRS 102, donated goods and services are to be included in the accounts valued at the amount the charity would have spent on similar goods or services, should they have not been received as donations.

The donations in kind in the prior year consist of £10,700 worth of fixtures and fittings for the new building, and a £500 voucher which was spent on equipment for the new building. There were no donations in kind in the current year.

Page 35

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

3. Income from charitable activities

Cafe sales
Unrestricted
funds
2020
£
Cafe sales
1,584
4.
Investment income
Unrestricted
funds
2021
£
Bank interest receivable
561
Unrestricted
funds
2020
£
Bank interest receivable
1,004		 Total
funds
2021
£
-
Total
funds
2020
£
1,584
Total
funds
2021
£
561
Total
funds
2020
£
1,004

Page 36

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

5. Fundraising expenditure

Unrestricted
funds
2021
£
Fundraising expenses
2,061
Unrestricted
funds
2020
£
Fundraising expenses
1,157		 Total
funds
2021
£
2,061
Total
funds
2020
£
1,157

Page 37

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. Analysis of expenditure on charitable activities

Summary by fund type

Direct costs
Support costs
Direct costs
Support costs
7.
Analysis of expenditure by activities
Direct costs
Support costs		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
119,590
273,921
-
37,539
119,590
311,460
Restricted
funds
2020
Unrestricted
funds
2020
£
£
159,400
129,188
-
47,487
159,400
176,675
Direct costs
2021
Support
costs
2021
£
£
393,511
-
-
37,539
393,511
37,539		 Total
funds
2021
£
393,511
37,539
431,050
Total
funds
2020
£
288,588
47,487
336,075
Total
funds
2021
£
393,511
37,539
431,050

Page 38

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

7. Analysis of expenditure by activities (continued)

Direct costs
Support costs		 Direct costs
2020
£
288,588
-
288,588		 Support
costs
2020
£
-
47,487
47,487		 Total
funds
2020
£
288,588
47,487
336,075

Analysis of direct costs

Staff costs
Depreciation
Food and supplies
Volunteer costs
Insurance
Training
Travel
Rent and service charges
Light and heat
Other premises expenses
Guest expenses
Counselling and English tuition
Project costs
Translation services
Legal clinic expenses		 Total
funds
2021
£
209,467
86,901
17,001
299
5,394
1,171
1,448
600
16,121
9,658
1,411
4,655
39,255
32
98
393,511		 Total
funds
2020
£
134,609
67,846
29,643
132
7,228
340
3,223
15,560
10,590
9,036
2,288
6,901
-
133
1,059
288,588

Page 39

(A Company Limited by Guarantee)

SHELTER FROM THE STORM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Printing, postage and stationary
Telephone
Bank charges
Computer costs
Legal fees
Sundry expenses
Administration expenses
Finance costs
Loss on disposal of fixed assets
Payroll and bookkeeping costs
Accountancy fees		 Total
funds
2021
£
395
4,505
1,494
1,368
241
1,489
516
14,250
-
8,781
4,500
37,539		 Total
funds
2020
£
1,596
4,718
1,221
1,868
30
491
503
19,686
1,756
8,658
6,960
47,487

Governance costs comprise of all Payroll and bookkeeping costs and Accountancy fees.

8. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £3,000 (2020 - £3,000) , and other fees of £1,500 ( 2020 - £3,960 ).

Page 40

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

9. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2021
£
174,449
13,996
21,022
209,467		 2020
£
117,836
9,114
7,659
134,609

The average number of persons employed by the Company during the year was as follows:

Directors/trustees
Employees		 2021
No.
5
5
10		 2020
No.
6
3
9

No employee received remuneration amounting to more than £60,000 in either year.

The aggregate remuneration of key management personnel was £80,000 (2020 - £76,675).

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year, no Trustee expenses have been incurred (2020 - £NIL) .

Page 41

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

11. Tangible fixed assets

Cost or valuation
At 1 April 2020
Additions
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Freehold
property
£
795,527
-
795,527
7,092
8,511
15,603
779,924
788,435		 Freehold
property
improvemen
ts
£
539,547
28,264
567,811
41,006
51,563
92,569
475,242
498,541		 Plant and
machinery
£
47,582
4,758
52,340
20,553
13,301
33,854
18,486
27,029		 Fixtures and
fittings
£
37,612
9,486
47,098
9,320
12,607
21,927
25,171
28,292		 Office
equipment
£
1,290
3,010
4,300
1,290
920
2,210
2,090
-		 Total
£
1,421,558
45,518
1,467,076
79,261
86,902
166,163
1,300,913
1,342,297

Page 42

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12. Debtors

Due within one year
Other debtors
Prepayments and accrued income
Tax recoverable		 2021
£
83,056
4,441
31,905
119,402		 2020
£
6,743
3,781
25,030
35,554

13. Creditors: Amounts falling due within one year

Other loans
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2021
£
50,000
11,052
4,740
2,000
74,656
142,448		 2020
£
62,183
13,793
4,283
3,489
4,500
88,248

Page 43

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14. Creditors: Amounts falling due after more than one year

Other loans
Included within the above are amounts falling due as follows:
Between one and two years
Loans
Between two and five years
Loans
Over five years
Loans
The loan is secured over the property.		 2021
£
329,166
2021
£
50,000
150,000
129,166		 2020
£
379,166
2020
£
50,000
150,000
179,166

Page 44

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

15. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Move On Up project
General funds
General Funds - all funds
Total Unrestricted funds
Restricted funds
Pro Bono Legal Clinic Fund
Holland Walk Fund
Project Fund
Philosophy Fund
Impact Fund
Covid Fund
Oak Foundation Fund
Total of funds		 Balance at 1
April 2020
£
-
1,272,089
1,272,089
9,002
-
-
1,395
-
-
-
10,397
1,282,486		 Income
£
-
369,394
369,394
-
20,000
59,400
-
25,000
10,000
42,916
157,316
526,710		 Expenditure
£
-
(313,521)
(313,521)
-
-
(59,400)
-
(7,274)
(10,000)
(42,916)
(119,590)
(433,111)		 Transfers
in/out
£
200,000
(200,000)
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2021
£
200,000
1,127,962
1,327,962
9,002
20,000
-
1,395
17,726
-
-
48,123
1,376,085

Page 45

SHELTER FROM THE STORM (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

15. Statement of funds (continued)

The Move On Up project relates to amounts designated to enable the charity to provide truly affordable permanent housing to people it supports.

The Pro Bono Legal Clinic Fund relates to amounts donated to provide free legal services to residents.

The Holland Walk Fund relates to amounts donated by Land Aid in relation to expenditure on the new shelter.

The Equipment Fund relates to amounts donated for new appliances for the charity.

The Philosophy Fund relates to amounts donated for philosophy sessions for residents.

The Impact Fund relates to amounts donated by C&H Richards to fund a project to develop and execute an Impact Assessment program.

The Oak Foundation Fund relates to developing a 5 year plan and strategy to help achieve the charity’s mission and objectives.

The Covid Fund relates to one off donations to help the charity navigate the challenges of the coronavirus pandemic.

The Project Fund relates to amounts donated to fund the salaries of project workers.

Page 46

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

15. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Funds designated for new
centre
General funds
General Funds - all funds
Total Unrestricted funds
Restricted funds
Pro Bono Legal Clinic Fund
Equipment Fund
Holland Walk Fund
Project Fund
Philosophy Fund
Total of funds		 Balance at
1 April 2019
£
450,000
423,715
873,715
9,002
9,813
100,000
-
-
118,815
992,530		 Income
£
-
566,393
-
-
-
-
59,400
1,395
60,795
60,795		 Expenditure
£
-
(177,832)
(177,832)
-
-
(100,000)
(59,400)
-
(159,400)
(337,232)		 Transfers
in/out
£
(450,000)
459,813
9,813
-
(9,813)
-
-
-
(9,813)
-		 Balance at
31 March
2020
£
-
1,272,089
1,272,089
9,002
-
-
-
1,395
10,397
1,282,486

Page 47

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

16. Summary of funds

Summary of funds - current year

Designated funds
General funds
Restricted funds		 Balance at 1
April 2020
£
-
1,272,089
10,397
1,282,486
Balance at
1 April 2019
£
450,000
423,715
118,815
992,530		 Income
£
-
369,394
157,316
526,710
Income
£
-
566,393
60,795
627,188		 Expenditure
£
-
(313,521)
(119,590)
(433,111)
Expenditure
£
-
(177,832)
(159,400)
(337,232)		 Transfers
in/out
£
200,000
(200,000)
-
-
Transfers
in/out
£
(450,000)
459,813
(9,813)
-		 Balance at
31 March
2021
£
200,000
1,127,962
48,123
1,376,085
Balance at
31 March
2020
£
-
1,272,089
10,397
1,282,486
Summary of funds - prior year
Designated funds
General funds
Restricted funds

Page 48

(A Company Limited by Guarantee)

SHELTER FROM THE STORM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

17. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
-
1,300,913
48,123
498,663
-
(142,448)
-
(329,166)
48,123
1,327,962		 Total
funds
2021
£
1,300,913
546,786
(142,448)
(329,166)
1,376,085

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one yea
Creditors due in more than one year
Total		 Restricted
funds
2020
£
-
10,397
-
-
10,397		 Unrestricted
funds
2020
£
1,342,297
397,206
(88,248)
(379,166)
1,272,089		 Total
funds
2020
£
1,342,297
407,603
(88,248)
(379,166)
1,282,486

Page 49

SHELTER FROM THE STORM

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

18. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Loss on the sale of fixed assets
Decrease/(increase) in debtors
Increase in creditors
Interest from investments
Interest paid
Net cash provided by operating activities
19.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
20.
Analysis of changes in net debt
At 1 April
2020
£
Cash at bank and in hand
372,049
Debt due within 1 year
(62,183)
Debt due after 1 year
(379,166)
(69,300)		 2021
£
93,599
86,902
-
(83,848)
54,200
(561)
14,250
164,542
2021
£
427,384
427,384
Cash flows
£
55,335
12,183
50,000
117,518		 2020
£
289,956
67,846
1,756
46,205
7,469
(1,004)
19,686
431,914
2020
£
372,049
372,049
At 31 March
2021
£
427,384
(50,000)
(329,166)
48,218

Page 50

SHELTER FROM THE STORM (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

21. Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £21,022 (2020 - £7,659). Contributions totalling £2,000 (2020 - £3,448) were payable to the fund at the balance sheet date and are included in creditors.

22. Related party transactions

During the year the charity incurred costs of £7,613 (2020 - £8,178) for payroll, bookkeeping and IT services provided by Kostech Consulting Limited, a company of which Kris Sparks, a trustee is a sole director and shareholder. The payment for provision of services by a trustee are in line with the charity's memorandum and articles of association. At the year end, there was no unpaid balance (2020 - a balance of £8,178 remained unpaid, included in trade creditors).

During the year, donations of £22 (2020 - £Nil) were received from the trustees.

During 2019 the charity borrowed £500,000 from Mrs Francine Sumners, a former trustee, in order to assist with the purchase and fit out costs of the new shelter. This amount bears interest at 3.5% above the Bank of England Base Rate and is repayable in instalments over a ten year period. The balance as at the year end was £379,166 (2020 - £441,349) and interest charged during the year was £14,250 (2020 - £19,686).

Page 51