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|Reference and Administrative|Details|||
|---|---|---|---|
|Trustees Report (incorporating|Directors'|report)|2to 15|
|Independent
Auditors'
Report|||16to 19|
|Statement of Financial
Activities|||20|
|Balance Sheet|||21|
|Statement
ofCash Flows|||22|
|Notes to the Financial Statements|||23to 37|
##
##
|Referenc|e and Ad||ministrati|ve
Details|||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Governing|document:|||Memorandum|and articles||||ofassociation||
|Constitution:||||Company
limited||by guarantee|||||
|Charity Registration||Number||1125960|||||||
|Company|Registration||Number|06628989|||||||
|||||The charity
is incorporated|||||in England|and Wales.|
|Trustees||||Mr P Ayrton|||||||
|||||Mr R Bartlett|(Resigned|||19June 2023)|||
|||||Mr D Clapp (Appointed|||7||December 2022)||
|||||Ms J Hanson|(Appointed||||7 December 2022)||
|||||Mr D Hunt (Appointed|||7|December 2022)|||
|||||Mrs C Jones|||||||
|||||Mr D Halpin|(Appointed|||19June 2023)|||
|||||Mrs M Kuo|||||||
|||||Mr M Parsons (Resigned|||||7 December|2022)|
|Registered|Office|||1 Howard
Avenue|||||||
|||||Barnstaple|||||||
|||||Devon|||||||
|||||EX32 8QA|||||||
|Auditor||||Westcotts (SW)||LLP|||||
|||||47 Boutport|Street||||||
|||||Barnstaple|||||||
|||||Devon|||||||
|||||EX31 1SQ|||||||
|Solicitors:||||Brewer Harding||8 Rowe|||||
|||||The Square|||||||
|||||Barnstaple|||||||
|||||EX328LS|||||||
|Bankers||||Lloyds Bank|Pic||||||
|||||17Cross Street|||||||
|||||Barnstaple|||||||
|||||EX31 1BE|||||||
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||||Unrestricted|Restricted|Total||Total|
|---|---|---|---|---|---|---|---|
|||Note|funds
f|funds
f|2023f||2022f|
|Income and Endowments||from;||||||
|Donations
and legacies||3|65,867|361,626|427,493||186,107|
|Charitable
activities||4|670,013|81,081|751,094||733,671|
|Investment
income||5|578||578||10|
|Other income||6|72,772||72,772||31,592|
|Total income|||809,230|442,707|1,251,937||951,380|
|Expenditure
on:||||||||
|Raising funds
Charitable
activities
Total expenditure||7
8|(13,570)
~802,7(7)
~816.287)|~(246733
~(216,733|(13,570)
(1,019,450)
~(,033,02
'||~(93,954
~932,954|
|Net (expenditure)/income|||(7,057)|225,974|218,917||18,426|
|Transfers
between|funds||170,141|(170,141)||||
|Net movement
in funds|||163,084|55,833|218,917||18,426|
|Reconciliation
of|funds|||||||
|Total funds
brought|forward||274,201|67,335|341,536||323,110|
|Total funds carried|forward|21|437,285|123,168|560,453||341,536|
##
##
|||||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Note|||
|Fixed assets||||||||||||
|Tangible assets|||||||||15|410,684|181,176|
|Current assets||||||||||||
|Debtors|||||||||16|71,011|94,821|
|Cash at bank and|in hand||||||||17|290,732|147967|
|Creditors: Amounts|||falling due|||within one year|||18|361,743
~(66.521|242,788
~82.428|
|Net current assets||||||||||295,222|160,360|
|Total assets less|current||||liabilities|||||705,906|341,536|
|5 dtt: 4||t|1|Ill|8 5|11|td|2|18|~((45.453||
|Net assets||||||||||560,453|341,536|
|Funds ofthe charity:||||||||||||
|Restricted
income||funds||||||||||
|Restricted
funds||||||||||123,168|67,335|
|Unrestricted
income|||funds|||||||||
|Unrestricted
funds||||||||||437.285|274,201|
|Total funds|||||||||21|560,453|341,536|
##
##
|Statement ofCash Flows for the Ye|ar En|ded 3|0June|2023||
|---|---|---|---|---|---|
|||||2023|2022|
||||Note||6|
|Cash flows from operating
activities||||||
|Net cash income||||218,917|18,426|
|Adjustments
to cash flows from non-cash|items|||||
|Depreciation||||42,373|38,392|
|Investment
income||||(578)|(10)|
|Loss on disposal
offixed assets held for the charity's||own||||
|use|||10|6,449|1 837|
|||||267,161|58,645|
|Working
capital adjustments||||||
|Decrease/(increase)
in debtors|||16|23,810|(57,276)|
|Increase
in creditors
(Decrease)/increase
in deferred
income|||18
19|14,989
~784,417|5,849
25,667|
|Net cash flows from operating
activities||||271,543|32,885|
|Cash flows from investing
activities||||||
|Interest receivable
and similar income|||5|578|10|
|Purchase of tangible
fixed assets|||15|(278,730)|(79,138)|
|Sale oftangible
fixed assets||||400|440|
|Net cash flows from investing
activities||||~277 782|~78,888|
|Cash flows from financing
activities||||||
|Value ofnew loans obtained
during
the period
Repayment
ofloans and borrowings|||18|150,000
~1,828||
|Net cash flows from financing
activities||||148974||
|Net increase/(decrease)
in cash and cash equivalents||||142,765|(45,803)|
|Cash and cash equivalents
at 1 July||||147,967|193,770|
|Cash and cash equivalents
at 30June||||290,732|147,967|
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||||||||||Unrestricted|||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||funds|Restricted|Total|
||||||||||General|funds|2023|
|||||||||||6|6|
|Donations|||and legacies;|||||||||
||Donations||||||||43,991|3,799|47,790|
||Gift aid reclaimed||||||||3,721||3,721|
|Grants,||including|||capital grants;|||||||
||Grants||||||||18,155|357,827|375,982|
||||||||||65,867|361,626|427,493|
||||||||||Unrestricted|||
||||||||||funds|Restricted|Total|
||||||||||General|funds|2022|
|||||||||||6||
|Donations|||and|legacies;||||||||
||Donations||||||||42,034||42,034|
|Grants,||including|||capital grants;|||||||
||Government|||grants||||||136,822|136,822|
||Grants|||||||||7,251|7,251|
||||||||||42,034|144,073|186,107|
|4|Income||from||charitable|activities||||||
||||||||||Unrestricted|||
||||||||||funds|Restricted|Total|
||||||||||General|funds|2023|
||||||||||6|6|6|
||Housing||Benefit||8 Resident's||Contributions||604,251||604,251|
||Contractual|||Income for Housing||||Support||||
||Services||||||||65,762|81,081|146,843|
||||||||||670,013|81,081|751,094|
|||||||||||Unrestricted||
|||||||||||funds|Total|
|||||||||||General|2022f|
||Housing||Benefit||8 Resident's||Contributions|||562,477|562,477|
||Contractual|||Income for Housing||||Support Services||171,194|171,194|
|||||||||||733,671|733,671|
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|5
Investment
in|co|me|||
|---|---|---|---|---|
||||Unrestricted||
||||funds|Total|
||||Generalf|2023|
|Interest receivable|and similar income;||||
|Interest receivable||on bank deposits|578|578|
||||578|578|
||||Unrestricted||
||||funds|Total|
||||General|2022f|
|Interest receivable|and similar income;||||
|Interest receivable||on bank deposits|10|10|
||||10|10|
##
|6
Ot|her income|||
|---|---|---|---|
|||Unrestricted||
|||funds|Total|
|||General|2023|
|||f.||
|Other|Income|9,703|9,703|
|Rent|income|63,069|63,069|
|||72,772|72,772|
|||Unrestricted||
|||funds|Total|
|||General|2022|
|||5|F|
|Other|Income|11,092|11,092|
|Rent|income|20,500|20,500|
|||31,592|31,592|
##
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|a) C|osts|ofge|nerating
|donat|ions
and legacies|||
|---|---|---|---|---|---|---|---|
|||||||Unrestricted||
|||||||funds|Total|
|||||||General|funds|
||||||||6|
|Costs|of|raising|donations|and|legacies|13503|13503|
|Total|for|2023||||13,503|13,503|
##
|b) C|osts oftrading activities||||
|---|---|---|---|---|
||||Unrestricted||
||||funds|Total|
||||General
6|fundsf|
|Other|direct costs ofactivities for generating|funds|67|67|
|Total|for2023||67|67|
##
|8
Expen|ditu|re
on c|haritable
a|ctivities||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted||||
|||||funds|Restricted|Total|Total|
||||Note|General
E|fundsf|2023f|2022
F|
|Direct costs||||565,007|203,996|769,003|704,458|
|Allocated|support|||||||
|costs||||229,044|12,737|241,781|226,071|
|Governance||costs||7,746||7,746|1,705|
|Grant funding||of||||||
|activities||||920||920|720|
|||||802,717|216,733|1,019,450|932,954|
##
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|Support costs allocated to charitable|Support costs allocated to charitable|Support costs allocated to charitable|Support costs allocated to charitable|activities||||
|---|---|---|---|---|---|---|---|
||||||Charitable|Total|Total|
||||||activities|2023|2022|
|Management||and finance staff|||97,239|97,239|97,091|
|Rent 8 related||landlord|costs||43,067|43,067|46,556|
|Insurance|||||18,125|18,125|11,507|
|Heating
& Lighting|||||7,560|7,560|6,888|
|Computers|8|Software|||7,819|7,819|6,594|
|Irrecoverable||VAT|||13,256|13,256|12,433|
|Depreciation|||||48,822|48,822|17,772|
|Other support||costs|||5,893|5,893|27,230|
||||||241,781|241,781|226,071|
|Governance|costs||||
|---|---|---|---|---|
||||Unrestricted||
||||funds|Total|
||||General
8|2023f|
|Audit fees|||||
|Audit ofthe|financial statements||6,800|6,800|
|Independent|examiner fees||||
|Other fees|paid to examiners||946|946|
||||7,746|7,746|
||||Unrestricted||
||||funds|Total|
||||General|2022|
|||||8|
|Independent|examiner fees||||
|Examination|ofthe financial|statements|502|502|
|Other fees|paid to examiners||1,203|1,203|
||||1,705|1,705|
##
##
|10 Net incoming/outgoing|resources|resources||||
|---|---|---|---|---|---|
|Net incoming
resources for|the year|include||||
|||||2023|2022|
|Audit fees/Independent
Examination||fees||6,800|502|
|Other non-audit
services||||946|1,203|
|Loss on disposal
offixed assets held||for the charity's|own use|6,449|1,837|
|Depreciation
offixed assets||||42,373|38,292|
##
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|12Staffcosts
The aggregate
payroll costs were as follows:|||
|---|---|---|
||2023|2022|
|Staff costs during the year were:|||
|Wages and salaries|424,722|387,453|
|Socia I security costs|24,030|20,567|
|Pension costs|5,722|5,335|
||454,474|413,355|
|by the cha|rity during|the|year e|xpressed|as full time equivalents|was as follows:||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||No|No|
|Chantable|actwities|and|related|support|stair|31|25|
##
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||||2023|2022|
|---|---|---|---|---|
|Examination|ofthe financial|statements||502|
|Other fees|to examiners||||
|All other services|||946|1,203|
##
|15Tangible fixed ass|ets|||||
|---|---|---|---|---|---|
||||Furniture|||
||Freehold|Leasehold|and|Motor||
||Propertyf|propertyf|equipmentf|vehicles
f|Total
f|
|Cost||||||
|At 1 July 2022||262,200|308,099|17,684|587,983|
|Additions
Disposals|217,228||39,667
717,723)|21,835
~7,000|278,730
~24, 723)|
|At 30June 2023|217,228|262,200|330,043|32,519|841,990|
|Depreciation||||||
|At 1 July 2022||156,149|240,468|10,190|406,807|
|Charge for the||||||
|year|1,086|14,661|23,541|3,085|42,373|
|Eliminated
on
disposals|||(12,535|78.3387|~17,874|
|At 30 June 2023|1,086|170,810|251,474|7,936|431,306|
|Net book value||||||
|At 30 June 2023|216,142|91,390|78,569|24,583|410,684|
|At 30 June 2022||106,051|67,631|7,494|181,176|
|16Debtors||||||
|||||2023f|2022|
|Trade debtors||||14,941|161|
|Prepayments||||19,602|8,412|
|Accrued income||||36,468|65,935|
|VAT recoverable|||||994|
|Other debtors|||||19,319|
|||||71,011|94,821|
##
##
|17Cash|and cash equivalents|and cash equivalents|||
|---|---|---|---|---|
||||2023|2022f|
|Cash at bank|||290,732|147,967|
|18Creditors: amounts||falling due within one year|||
||||2023|2022|
|||||8|
|Trade creditors|||18,535|5,285|
|Pulchrass|Street Mortgage||3,521||
|VAT grant|repayable||689||
|Other creditors|||11,427|10,233|
|Accruals|||13,433|13,577|
|Deferred|income||18,916|53,333|
||||66,521|82,428|
|19Creditors: amounts||falling due after one year|||
|||||2023|
|Pulchrass|Street Mortgage|||145,453|
##
##
|||2023|2022|
|---|---|---|---|
||||8|
|Other||||
|Within one year||215,817|175,166|
|Between one and five years||666,663|311,044|
|After five years||982,396|145,313|
||1|864 876|631 523|
##
##
|21 Funds|||||||
|---|---|---|---|---|---|---|
|||Balance at||||Balance at|
|||1 July
2022|Incoming
resources|Resources
expended|Transfers|30June
2023|
|||||6|6||
|Unrestricted
funds|||||||
|General|||||||
|General
Funds||45,525|809,138|(767,465)|40,877|128,075|
|New and Expanded|||||||
|Initiatives
Fixed Assets||47,500
181,176|92|~48,822|129,264|47,500
261,710|
|||274201|809230|~818287|170,141|437285|
|Restricted funds
~5616|||||||
|Capital Funds||2,000|||(2,000)||
|I-lousin
and Homeless|||||||
|Housing||48,521|||(25021)|23500|
|Other|||||||
|Eagle||10,359||(400)||9,959|
|Recovery housing||1,692|1,756|(764)||2,684|
|Navigator
Salaries|||81,081|(81,081)|||
|Restricted
Donations-|||||||
|mainly food||596|2,043|(1,738)||901|
|Navigator
Personal|||||||
|Budget||4,167||(4,167)|||
|Next Steps|||||||
|Accommodation|||||||
|Programme|||52,500|(52,500)|||
|Cost of Living Crisis|||82,557|(39,076)||43,481|
|Capital Funds -|Fuel||||||
|Costs Outreach|NC6986||4,000|(1,220)||2,780|
|Night Shelter|||||||
|Transformation|Fund-||||||
|Revenue
grant
Capital grants|||75,650
143,121I|(35,787)
.|~143,120|39,863|
|||67,335|442,707|~216,733|~170,141|123,108|
|Total funds||341,536|1,251 937|~1,033,0207||560,453|
##
##
|Notes to|t|he Financia|l Statements|for the Yea|r Ended 30J|une 2023||
|---|---|---|---|---|---|---|---|
||||Balance at||||Balance at|
||||1 July|Incoming|Resources||30June|
||||2021|resources|expended|Transfers|2022|
|||||g|F|9|f:|
|Unrestricted||funds||||||
|General||||||||
|General|Funds||70,122|728,169|(799,397)|64,403|63,297|
|New and|Expanded|||||||
|Initiatives
Fixed Assets|||47,500
142,707|79,138|~58441||47,500
163,404|
||||280,329|807,307|~857,830|64,4113|274,201|
|Restricted|funds|||||||
|Capital Funds||||136,822|(70,419)|(64,403)|2,000|
|Housing|||48,521||||48,521|
|Eagle|||14260|7251|(4,697)||16,814|
||||62,781|144,073|~470,176|~[84,403|67335|
|Total funds|||323,110|951,380|~032 9547||341,536|
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|22 Anal|ysis
ofnet assets between|funds|||
|---|---|---|---|---|
|||Unrestricted||Total funds|
|||funds|Restricted|at 30June|
|||Generalf|funds
f.|2023
F|
|Tangible|fixed assets|410,684||410,684|
|Current|assets|238,575|123,168|361,743|
|Current
Creditors|liabilities
over 1 year|(66,521)
~(145,453||(66,521)
(145,453)|
|Total net assets||437,285|123,168|560,453|
|||Unrestricted||Total funds|
|||funds|Restricted|at 30June|
|||Generalf|fundsf|2022|
|Tangible|fixed assets|181,176||181,176|
|Current
Current|assets
liabilities|175,453
(82428)|67,335|242,788
~82,428|
|Total net assets||274,201|67,335|341,536|
|23 Analysis
of net funds||||
|---|---|---|---|
||At 1 July||At 30June|
||2022
f.|Cash flows
f|2023|
|Cash at bank and
in hand|147,967|142,765|290,732|
|Debt due within one year
Debt due after more than one year||(3,521)
(1454531|(3,521)
~(45453|
|Net cash|147,967|(6,209)|141,758|
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