King's Arms Project TRUSTEES. REPORT & FINANCIAL STATEMENTS For the year ending 31 December 2023 ' Without the help of King's Arms Project, I wouldn't be here now. Thanks to all the support I can now go to bed at night and look forward to waking up in the morning. kingsarmsproject.org
hopeforeveryonealways
CONTENTS PAGE CHARITY AND COMPANY INFORhAATION TRUSTEES, REPORT INDEPENDENT AUDITOR'S REPORT 21 STATEMENT OF FINANCIAL ACTIVITIES 25 BALANCE SHEET 26 STATEMENT OF CASH 27 NOTES TO THE FINANCIAL STATEMENTS 28 Trustees, Report and Flnancial Statements 2023 Company no. 07433621. Charity no. 1139956.
CHARITY AND COMPANY INFORMATION Tru8tseslDlrectors Vanessa Lipski (Chair) Nigel Taylor Sue Frossell Matthew Burge Samantha Roach Slmon Cook Chlef Exocutlvo Kirstie Cook Charltynumber 1189956 Company number 07433621 Reglstered oflicè 56 Harpur Street Bedford MK40 2QT Buslness addr888 58 Harpur Street Bedford MK40 2QT Webslte www.kingsaimsproject.org statutory Auditor Williamson hAorton Thornton LLP 4 Beaconsfleld Road st Albans Hertfordshire ALI 3RD Soilcltor HCB Park Woodfine LLP l Lurko Street Bedford MK40 3TN Banker Unity Trust Bank PIC Nlne Brindley Place Birmingham Bl 2HB Klng's Arms Proj8ct (Bedfard) (KAP) is a ¢haritoble¢ompanylimited byguorantee (CompanyNo. 074336), incorporated on 9th November 2010, and re9lStered as a charity on 20th January 2011 (Charity No. 1139956). The company was gstoblished under a Memorondum of Association that established the objects arK powers of the charitabl& compony and is governed under its Articles ol ASslation. It commenced operatlng on the 1st Morch 2011. Established in1989. the KAP operatod as part of the Klng's Arms Trust (Bedford), until Its formatlon In 2011. Trustees, Report and Financial Stotements 2023 Company no. 07433621. Charity no. 1139956.
TRUSTEES, REPORT Introductory Letter from the Chair of Trustees 2023 was a year of development and growth for King's Arms Project (Bedford) n relatlon to premises, teams and the services that they provide for the people w@ serve. King's Arms Project(Bedford) has continued todellver our services tothe pc and vulnerable offering "hope for everyone, olways." For King's Arms Project {B&dlord), this means bein9 able to turn our attèntions to supporting the most complex, criticol coses, often non-UK Nationals, who still struggle to mointain tenancies. We have also emborked on exclting and new innovative schemes, sh os modular housing and recovery coaching to prevent a return to homelessness and provldoa stable pathto independence.leading toexcgllentoutcomesfor r(xuh sleepers. One exomplg of respondlng tothe needsofthe most vulnerablewas toopen a Winter Night Shelter to provKI8 a safe, warm and welcoming place for rough sleepers during the wSntÉY months, utilising our new buildiru to thg benefit ol the community and making the most of our growing profile by recruiting wall over l(Kl volunteers tojoin us on thisjourney. Throughout the year, it has been amazing to see the love and practal support provided in very difficult circumstances by the teom at King's Arms Project (Bedford) to the pwr ar¥J vulnerable In Bedfordshire including the homeless, ex-prisoners, asylum seekers and refugees As in pre years, the range of the services and support provided continued to increase, driven by the changir landscape, enthusiasm, ideas, and passion of the staff in responding to the many needs and opportunities. The report provides details of the many and varied activities of the Project and importantly the differe is making to the local community and beyond. The report gives ex¢ellenl examples of how the lives of vulnerable individuals have been positively impacted and changed for good. I would personally like to ttKJnk all those who are behind the scenes, who giv& faithfully, serve unconditionally and help Klng's Arms Pro (Bedford) to provide the service it does for our community and beyond. Vanessa Llpskl Chuli ol Trustee$ Dotg: Trustees. Report and Financial Statements 2023 Company no. 07433621. Charity no. 1139956.
Introductory Letter from the Chief Executive Officer Welcome to the Annual report and financial statements lor King's Arms Prolect (Bedford) 2023. This has been a very slgnllicant year for us. In March, we relocat8d our operations to a fabulous set of propeities in the town centre, taking on three leases lor neighbouring premises. This move has transformed how we dellver our servic8s, giving us a base from whlch we can run courses, conduct support sessions and most importantly be o sale place for our clients to come to. The team havo benefited from being together In the town, closerto other partners and services our clients often need to access, meaning we can mora 8osily attend appolntments and build relationships. Our fundraising team has felt the benefits of having a physical building to show current and potential donors around and we have enjoyed hosting various training events throughout tha year. In October we lour7d ourselves In a room with the council and other partners osking about whot was to be don8 obout Winter Severe Weather Emergency Provision across the borough os th8r8 was nothing in place and no funds or resources available. We took the bold step of openlng a Winter Night Shelter in order to provlde o sale, worm and welcomlng place for rough sleepers during the winter months. We recruited over 100 volunteers and raised over 70k in a few short weeks to make this happen and transformed our new buildlng Into a space which could accommodate up to 20 rough sleepers every nlghL Includlng providing meals and then turn back to a working building in the daytlme for the rest ol team and on-going work of King's Arms Project (Bedford). It was a remarkable achievement made possible by the dedication, expertise and 'can-do attitude of tho team, alongslde the many people from ocross our communitywho stepped in to help. I had the privilege of getting to know some ol our guests during this time and as I was saying goodby& to someone in the morning, he turned to me as he left to say, 'ThaT)k you so mucrt you hove done (J great thAng. It has been good to stay here.'These moments of personal connection and seeing how we impact the lives ol others for the good are what motivat@s me to see King's Arms Project (Bedford) go from strength to strengt venturing into the dorkest corners of our society to bring restoratlorn hope and new lifo. I would like to thank all those who give faithfully to Klng's Arms Project (Bedlord). We are so grat@ful to Individuals, familigs, and churches for their remarkable generoslty and to trusts, foundations arKI institutional donors for all their continued support. It is an honour towork alongside colleagues who give c themselves on a daily basis to get alongslde and help the most traumatlsed and vulnerable people, often at a great personal cost. As w811 os tho personal kindness and acts ol generosity we see, we also krKw prayer Is at the heart of oll we do, and we are completaly dependent on GCKI for everything. Klrstlo Cook Chief Exe¢utlvo ollicor Dute: rffl'xf Trustees, Report and Flnancial Statements 2023 Compony no. 07433621. Charlty no. 1139956.
About King's Arms Project (Bedford) Introductlon The Trustees of the King's Arms Project (8edlord), (releired hereafter as KAP), who are also dlrectors of ttr charityfor the purposes of the Companles Act 2006, present their report wlth the financial statements of the charity for the year ended 31 December 2023 which are also prepared to meet the requlrements for a director's report and accounts for Companies Act purposes. The flnancial statements comply wlth the Charities Act 2011, the Componies Act 2006, the M&morandum and Articles of Association, and the Charitios Statement of Recommended Practice ("Charities SORP") (applicable to charities preparing their accounts in accordance with the Financlal Reporting Standord appllcable in the UK and Republic ol Ireland,. FRS 102) issued in October 2019. Prlnclpla Objectives The Charity's objectives lor the public benefit are.. To reliev8 financial hardshlpi particularly, but not exclusively, among thg homelessor those at ri%k d homelessness. To promote and preserve good health by the provislon ol funds, good or services any klnd, Including through the provlslon of accommodotion and support to achieve and maintain independent livlng. meaningful occupation, economic independence and to become contributir members of the community in Bedford and in such other parts ol the United Kingdom or the workj as the Trustees from time to time may think lit to and to fulfil other such purposes which are exclusively charitable according to the law of England and Wales and are connected wlth the charitable work of the Charity. To advance the Christian faith in accordance with the Evangelical Alliancè Statemt$ of Beliefs in Bedford and In other such parls ol the UnSted Klngdom or the world as the Trustees may from tim to timo think Ilt. 'Public benefit, is the legal requirement that all charities must have charltable purposes which benefit t public. The Charities 2011 underlines this requirement. Thetrusteesofthe charityhaveconsidered the Charty Commission's guidance on public banelit and this report geeks to highlight the publSc benefit provided by the King's Arms Project (Bedlord). "I felt hopeless, desparot8, and helpless - there was no-one to help. At just that time you came, and you held my hand and supported me right till now. The help and support you gave, there are no words to describe it, When I thought about how to pay the solicitor again, I was in despair, but you found a free (legal aid) solicitor for me. But much more important than that was simply your suppor¢ advice and help with so many different thlngs. It made so much diffarence." Refugee Advice Servlce Cllent TrLtstees' Report and Financial Statements 2023 Company no. 07433621. Charity no. 1139956.
Our Vlsion Every person thriving in o place they call home, living a fulfilling life In community. Our Mission To tackle homelessness, displacement, and isolation by.. Providing opportunity to thrive and have a home. Connectlng people into meaningful communltles. Demonstrating the love of God Advocating for justice Our Values Hopa - We believe there Is hope for everyone, always. Community- We all thrive when we are conn&¢ted in community. God is Good - We trust in God and His goodnèss for everything we do. Learning & Excellence - By se8king to learn, listen and grow we ara b&tter able to achleve excdle In all that we do. strategic Objectives 2021-2026 To Deliver Excellence Vlable and dlverse housing 2. Holistic training and empowerment programmes 3. An accessible and appropriate operational space(s) 4. Meaningful involvement of experts by experience to help design and deliver services. To Value Our People To develop a growth mindset 2. To strengthen cential office s8rvic8s 3. To promote wellbelng 4. To estoblish o positive leadershlp culture whore ownership* accountability and involvement in decision making is promoted. To Have Healthy, Robust Finances To ensure resilienc& and viability underpin the financlal decisions made. 2. To identify ways to grow, develop and sustain. 3. To be transparent and accountoble 4. To build and maintain the level of free reserves. To Have A Positive Impact On Our World To establish o reputation for strateglc thinking and effectivg Snfluencing of policy at local and national level 2. IntegratSon ol locol services and support for vulnerable people Evidence bosed social Innovation. 4. Promoting environmentally sustainable proctices Trustees, Report and Financial Statements 2023 Company no. 07433621. Charily no. 1139956.
Our Activities HELP We offer help to those who are in crisis and at riskof immediate homelessness. We believ8 that It is o Biblal principle and a humane response to feed the hungry, clothe the naked and welcome thè stranger. We do this principallythrough our winter night shfjlter, outreach services on the streets of Bedford and our helplinè lor relugees and asylum seekers. Helpline The refugees and migrant services team launched a helpline in September 2020 in response to an increasing number of enquiries and requosts for help to advise and support vulnerable irregular migrants who are not covèred by our contracted services and the professionals assisting them. Weofl&r either one- off advice or short-te¥m casework depending on our team's capacity and the clients, needs. In the t1 thi8 has been running, th8 service has support8d ov&r 230 individuals and families. We are OISC. registeNI to provlde basic immigration & asylum advice and services to a high standard. *Oflice ol the Immigration Commissioner street Outreach The Outreoch team has always been ono who through faith and persistence, brlngs hope to some of t most marginalised ond forgotten clients in our community. They work with both clients who have recourse to publlc funds and those who do not. In addition, we have been undertaking early mornlng OLJtreach tl streets ofBedlord, severaltimes a week. This has involved seeklng out manyoftheencampments and arlS in the town centre and around the fringes where rough sleepers seek refuge, to engage them and Pro9 support. Many of those clients have complex needs and some have swlous substan¢e misuse issues. Often this work requires long term commitment and perseverancewith cases. We are fortunate to have exprti%e within the wider KAP team on providing immigration support, employment support and trauma recovery coaching where appropriate. Having moved into our new building, this team hus been able to expand tth services and are now able to oller a warm, safe space to come for support. ClSents have somewhere to shower, do laundry, collect essentiol items and have that all important cup of tea. Winter Night Shelter We closed the Night shelter we had run lor nearly 30 years Sn 2022 because of the councll deciding they didn't want to fund it anymore given rough sleepers w8r8 bèing housed by everyone in. The borough then found itself in the position ol having no emergency provision for thg winterof 2023124 onca that fundwvJ ran out and no other solLJtions hod been developed in the meantimo. Not wanting to stand by and watch rwh sleepers p8rish on tho streets, we stepped in and mobillsed an emergency shelter lor the winter months In our new building by running a campoigntoraisa funds and recruit volunteers. Supported byteam memt from KAP, over 115 volunteers ian shifts, provided meals, cleaned and changed laundry. During the wint8r period we had 130 different psople access the shelter. provided 1475 bedspaces and over 3000 meals. .1 cant find the rightwords to describe the Kings Arms Project (Bedford). I consider myseir lucky to have met people like them they have helped me with my immigration status and personal life. Theyhave done a miracle for me, because before this time I hud no hope to gat thé visa, and that time I was desperate. Since they contacted me, everything has changed in my life. I have to say thank you so much for everything they did. and I consider them as family members now." Trustees. Report and Finoncial Statements 2023 Company no. 07433621. Charity no. 1139958.
HOMES Housing Is un Issue of soclal lustlce and equality. The report by the Independent Commlsslon on Housiro, Church and Community lays out a positive wsion tor housing, centred on live core values, which are root in the Christian story but resonote with us all.. good housing should be sustainable, safe, stabl8, sociab, ar salislying. We aim to provide occommodation that fullils thes8 live criteria for individuals and families fr(¥n the UK as well as refugees and asylum seekers. Across our houses we have provided accommodationfc people In a variety ol dlfferent situations. Move on Houslng Our accommodation support service. KAP'S Supported Accommodation serioce offers short-term accommodation, a high levol ol autonomy arKI indgpendence and tenancy support for a wide variety of people who have experienced homelessness arKI ore moving towards independent living. We tailor support towards each resident's needs and aspiraticns ollering a holistic approc*ch, ensuring residents have the best opportunity to develop and achieve their aky in an en¢ouroging, progressive an1r0nrnent. We work with people to see them move into theii ow independent accommodation, gain employment and to help those who have restricted eligibility to obtain settled status or work-related benefit& a lile-changing outcome for all, bringing them out of destitutin We have had funding that enables us to provlde 4 bed spaS lor those wlth no access to publlc funds, Includtr refused asylum seekers. There aresomestand out leaturestothe servicewe run. Ourfinancial model means that when our resldents start work, they can afford to stay wSth us. We see this as being an important aspect ol transitloning into employment whilst maintaining the support residents may need to do this suc¢essfulW. We have also opened propertieswlth a slightly different emphasisthis year, that being one of a longer-term home for our residents as opposed to somewhere to move on from alter a specified period. Thgse houses have become 'home' and are a valuable addition to our portfolio. Resettlement And Integration Support Spacialist support lor vulneroble families. We provlde holistic casework supportto over 50 famllles, preckjminantly Syrlon ond Afghan, resettl&l by tha UNHCR I UK government in Bedford and Central Bedlordshire. Th& support Includès preparfr¥J accommodation for their arrival in the UK, meeting them at the airport, thèn on-golng, tallor-made supKxyt from a dedlcated caseworker. Across both Central Bodfordshlreand Bodford Borough, the SUPFX)rt proMdKJ ossists famllies to adjust to life in this country, leam the language and navigate education, employment and medical noods. This bespoke service Is deliverèd by a hlghly èxperlenced and growlng teom conslstlng of people with lived experien¢9 ol displacement, those who speak the lunguag6s ol tha refugee famllles arKI OISC qualified practltloners. We won a tender submltted towardsth& end 012023 to d8llv8r thls servlce to a lurth8r 25 families plijced in Central Bedfordshlre as partof the wSder stratgJy to move families out of hotds. This was a resoundlng èndorsement of th8 qualily of support and advice offered by this tgom. Tiustees, Report and Flnancial Statgments 2023 Company no. 07433621. Charity no. 1139956.
OPPOR TUNITIES ESOL KAP ESOL was established In 2017 and now runs 4 days per week (7nd includes.. Pre-entry English legsong lor resettled refugees Bespoke English lessons for European Migrants Online Literacy and Conversation 1-2-1 English tutoring Learners are tought by Lev815 qualified and ESOL tutors with speclallst knowledge ol the issues refUgS and mlgrants lace. We also offer an on-site crèche lor the young chlldr&n of our learners. This enables parents to concentrot& on their learnlng without the distfaction of managing young children. OLJr crèche team leader has many years of experience ol successfully running chlldcare and children's actSvities wSth dlsadvantaged fam51 in Sudan, L8banon, Finland, and the UK. Emphasis on Integration Lessons are planned to help learners to Ilve Independently by develoFxng functional language skills for rl- Ille situations like, accessing transport, shopping. healthcaTe. and customer serwces. Our teachry programme Incorporates topics related to integrating into UK society such as moking appointments, gciry shopplng, Ljslng PLJblic transport, and accessing healthcare. Differentiated Learning At times some leorners cannot regularly attend classes because of poor healt learning difficultles or carlng responslbllities. Wa provide these learnerswith aC$S to1-2-1 leorning so thotthgy can continue to leorn English os o tool lor Independence and Integratlon. Blended Learning We offer online teaching as well as classroom lessons. We regularly r8VI@w this mix ot lèarning and aim to provide the best combination ol learning possible. "Flnding a job made me feel happy because I want to depend on myself for income and to be a goodexample for my children as they are growing up. Working rather than relying on state aid gives me and my family mor8 stability and is helping m8 to feel more integrat8d and hopeful for a better life., English Language Club In addition to the structured ESOL lessons we run an additional group in the community called the English Language Club. This has an emphasis on learning skills lor integration into UK society. It runs on Friday mornings in our town centre building with a creche. This group isvibrant and varied, providing much need community learning and very practical lessons akx)ut how to assess heolth provisions, liaising with schcds ond identifying ploces tovisit in the town such as parks and museums and using public transporL Thegrp has alsoattracted funding foranother clcJss intheweek colled'community Threads'which is o sewing class. Trustees, Report ond Financial Statements 2023 Company no. 07433621. Chority no. 1139956. 10
Pathways Community Thls area of KAP is evolving into a strong community, providing a place for those experlenclng multip disadvantages (recovering from homelessness, isolation, mental health dilliculties or substance misuse) to belong, guln sell-confidence and rediscover their value as they participate in a wide varietyof courses a expèriences offered. Pathways Courses and Opportunity Pathways Includes training In budgoting, tenancy retention, goal setting,lob related skills, opportunities social intaractiory weekly lilness class, cooking, employment support lor paid or voluntory roles. Thg course content and activities are organic In nature, with the emphasis on what each group or individual idgntlfie8 as theSr priority or noed. We are committed to having a strength-based approach that acknowl8dgas arKJ celebrates the wealth of experience In the room and we come together to learn from eoch other as a community. We have started a group called coffee and connfjct os a soft entry into courses where peopkg can come lor a cup of tea and to play games. Thls has proved to be very populor.we are also runnlThJ a language cafe forthosewhodon't have English as th9ir first languageand ore not yet readytoac¢ess forrwl ESOL lessons. FUNDRAISING The fltndraislng strategy lor KAP is designed and dellvered by a team with the approval ol the Senior Leadership Team (SLT) ond trustees. To respond to the changing nature of fundraising in the current economic cllmate and the dig1tal world in which we now live, we have diversifved our income streams arKI harnessed new ways to increase opportunities for people and organisatlons to partner with us Ilnancialty. We employed a fundraising ollicer to work alongside our fundraising manager. We also outsourced sorr bid writing to Charity Fundraising as we felt we dld not hove enough Internal capocityfor the larger grants we wanted to apply to. This proved to be unsuccessful as they failed to win us anything. Therefore, we changed to work wllh Compgtitive Solutions with a view to increaslng the volume of the trusts and grants we can apply for. KAP seeks to raise funds from Regular and Major DonoTS, Churches, Schools, Corporate and Communlty Fundraising. A slgnlficanl portion ol our incom& is also raised through trusts and grants. We are signed up 'Easyfundralslng' and investigating other digital tools through which regular donotions can be easily made. KAP adheres to legal principl&s underpinnlng fundraising and takes all reasonable staps to treat a donor fairly, enabling them to moke an informed dacision about ony donation. We also havfj an internal ethical fromework whlch steors our activities. Wa do not engage in fundraising which is an unreasonable intrusKn on a person's privacy or forces anyone to donate. THE FUTURE Despite the uncertainty facing the charity sector at thls time, KAP remains Committed and focused on delivering our cor8 mission to tackle homelessness and its causes, show the love of Jesus to the broken orKI lost, provideopportunltylorchongeand draw people out oflsolatlon intoa meanlnglulcommunity. Our plans for the future include actions to mitigate against the unknown as well as building on what we know are o strengths, seltlng us apart to be creatSve, coring, and professional in all that we do. Trustees, Report and Financial Statements 2023 Company no. 07433621. charity no. 1139956.
Income Given the current linan¢ial pressures we know we need to future proof our income. We are doing this n severol ways.. Increasing the diversity of income streams across contracts, grants, local schools and chuiche businesses, and individuals. We hov6 secured a 3,° new 3-year contract for resettlement to ri alongside the other two contracts wg already run which gives a high degree ol stability durlng thi5 period. We have created newways people can donate and are ¢ontinuSng to introducg new waysto eryage digitally with one off or regular donors. We hav& amployed an exteinol grant writing Consultancy to help Increase our income through ttrEse meons. We have moved to new premises which ollowed us to open a Winter Night Shelter. As w811 provldlru the service to rough sleop8rs, this also had the effect of iaising our profilo considerably and brir¥Jiru in mole donations and support. Training We are dealing with increasingly complex casès ond are very mindful ol Issues for our stoff around McurK traumo, the need to navigate mental health issues, addlctlons, managing conlllct, accuratety and sale recording information, diversityowareness and inter-ogencyknowledge. Overthis lastyear we hoveensurl the relevant staff completed the Homeless Llnk vicorious trauma training and have done mental health fwst ald training. We have an additional member of stall leading on HR this year and one of her prioritlog IS enrolling all new stoff on GDPR and equal QPPOTtunity courses and ensuring everyone completes refresf*r training throughout the year. Additionally, we send selected stall on specialist courses as we begin to bui our expertlse In oreas of complex case management. We are partlcularly interested In explorirrfJ therapeutically informed envlronments for our clients and creating occess to counselling, recognising tr need to treat the whole person when dealing with homelessness and its causes and are therefore lookry to upskill in this area. On@ of our strategic objectives is In Learning and Excellence and this remains an arwe are seeking to develop. Services There are many areas ol need across our town and beyond that we are aware of. We are focusing our attentlon on the things we know we do best,. working with and valuing the individual to bring about long- lasting change with compassion and profgssionalism. There is a porliculor problem in Bedford with tl number of rough sleepers and those in temporaryaccommodation, therefore weareseeking new ways to break the cycle ond help people find and keep a home. To this end we are: Exploring creative ways to provide homes and support which will break the cycle of homelessness. Continuing with the development of low support accommodation, providing homeless peopb wth a stepping stone to successfully obtaining and maintaining their own independenttenancy, inclLdiryJ the targ6ting of particularly VLJlnerable groups. Exploring the n@8ds and viability ol providing furtheracc0mm0da0n and support to asylum seekers ond destitute migrants. Continuing to grow and develop Pathways, creating a posltive community for those who access and building more links with local employers and buslnesses. This is a strong model for long term homelessness prevention. Developlng information and tralnlng resources lor otherchurches to use to tackle povertywhere tkw are based and for schools to raise awareness among young people about the needs ol people In society around them. Trustees, Report and Financlal Statements 2023 Company no. 07433621. Charity no. 1139956. 12
We hovo oblaingd planning permission lor a site on which lo build 6 modular housing units plLE I community centre. The site is fully designed and in 2024 we will be seeking the funding to develq) this scheme. Trustees, Governance and Management The TrusteeslDirectors of KAP are as follows.. Vanessa Lipskl Matthgw Burge Nigel Taylor Slmon Cook Sue Frossell Samantha Roach The Trustees are also directors of the company. New Trustees are appointed with the approval of the otr Trustees and In accordance with the Memorandum and Articles ol Assoclation. Without exception, new Trustees are already familiar with the work of KAP. Prior to their appointment, new Trustees will meet wth tr Chair of the Trustees to review- The roles and responsibilities of a Trustee. The moin documents which set out the operotional framework for the charity including t Memorandum and Artlcles ol Association. Resourcing and the current financial position. Future plans and objectives. The Trustee Induction Proceduie and Trustge Job Description. Trustees. Responsibilities Statement The Trustees (who are also directors of KAP for the purposes of company law) are responsible for prewriru the Trustees, Annual 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 far each financial year, which give a true and fair view of the state ol affairs ol the charitable company and ol the incoming resources a application of resources, including the income and expenditure, of the charitable company for that periKI. 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. Makejudgements and estimates that are reasonable and prudènt. stat& whethèr appllcablo UK Accounting Standards have bè@n followed, subjgct to ony material deportures disclosed and explained in the linoncial statements. Prepare the financial statements on the golng concern basls unless It Is Inupproprlate to presLtY that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that dlsclose wlth reasonab accuracy at any time the flnanclal position ol the charitable company and enable them to ensure that IF flnanclal statements comply wlth the Companles Act 2006. They are also responsible for saleguardirKJ the Trustegs. Report and Finoncial Statements 2023 Company no. 07433621. Charity no. 1139956. 13
assets ol the charitable company and hence for taking reasonable steps for the prevention ond detect of fraud and other irregularltles. In so lar as the Trustees are aware.. There is no relevcTnt audit Information of which the choritable company's auditor is unaware,. and tF Trustees have taken all steps that they ought to hiyve taken to make themselves aware of any relevant information and to establish that the auditoris awareof that information. The Trustees met four times duriry 2023 and were regularlyconsullod and informed on matters ofimportance. Intheyearending 31st DecerY*)er 2023 the Trustees had insurance cover up to the sum of £1 million. Trustees, insurance is now port of our general insurance policy. Management Team The day-to-day runnlng of KAP Is delegated by the Trustees to a Manugement Team composed of the CNef Executive OffScer and Senior Management Team. $E1410A MAIIAOEMENT TEAM {SMT). This consists of the CEO, Head ol Operations, Dir8Ctor of Services and Hgad of Accommodation. This taam meets r8gularly to assass th8 OV@roll health and direction ot th8 charity. Tt Strategic LeadershipTeam (SLT) is madeup oftheSMT plus the Refugee & hAigrant Services Manager, SenK Finance Officer and the Fundraising Manager. This setting creates spoce for key leaders across the organisation to explore opportunities. exchange information and make strategic decisions. STAKEHOLDER ENOABEMENT. As well as havlng Trustees and Managers to oversee KAP we are commltted to involving our clients in how we shape and deliver our services. We have a history of employing past seN users and currently have g people on stall who have experienced homelessness and addiction in our town or who have lived experience ol the asylum and immigration systems. We Chair the Bedford Homeless Executive Partnership which is committed to equipping its members in co-production training arKI encouraging oll ogencies to embroce these principl&s, 'Full Go-production means sharing power - giving people who use services an equal chance to sit at the table and make decisions abouthow to run it better. It means building up their confidence and developing their skills so that they can participate fully. It also means InvohAng staff in the process and not just managers and trustees.. Homeless Link, 2018 GOVERNANCE. Oversight is provided bythe TrUSts, princiwllyvia thelr maotings generally held at least thre& times a year. The Senior Management Team meets once a month to monltor the overall health of th charity. The operations team which consists of the Senior Management Team along with the Senlor FSmrte Olllcer and Fundralsing Manager meet once a month to go over tho budget, lundroising ond porforrmnce against contracts. Policies and Procedures SAFEGUARDING. At KAP we believe that every individual who occ&ss8s our services should be treated wth dignity and respect, have their Choices wesp6¢ted and not be forced to do anything against their will. KAP is committed to safeguarding all service users and their children encounterlng the organisatlon, regardless of gender, ethnicity, disability. sexuality, or beliefs. Safeguarding is everyone's responsibility and all employ who, durlng thelr employment, have direct or indlrect contactwith vulnerable adults or children or who Trustees, Report and Financial Statements 2023 Company no. 07433621. Charity no. 1139956. 14
access to information about them, have a responsibllity to safeguard and promote their welfare. Our polw includes, but Is not limlted to, safe recruitment, sate environment, safe cullure, roles ond responslb11it, procedures, duty to report and confidentiality. fjDPR. Our Head of Opèrations works closely with our HR and IT consultants to ensur8 that all our staff are trained and regularly updated on good practice with resp&ct to GDPR. Given the vulnerability of our cllents the sensitive nature ol much of the information we hold and the increase in remote working, we hav& taken extro steps to ensure that oll IT equipment is secure. This is reviewed by the SLT on a regular basis. EQUAL OPPORTUNITIES.Our services are provided to all peopla, regardless ol rgligion, ra, ethnicity, or sexual orientation. Our assistunce and our programmes are ollered to all with no conditions attachl. We do not discriminate against anyone, whether clients or stall. KAP is a Christian or9anisation committed to fultilling its mission and ethos In accordance wlth the values of its Christian faith. Accordingly, as a Christion organisation, thereare posts which we beli8ve can only be fi118d by Christians. These roles are kept under rogular review. The nature of these posts or the context in which thgy ore carried out and their lir to theorganisation's'statementof bellel, giv8 riseto a Genuino O¢¢upotional Requirement (GOR) for the post- holders to be Christian. All employees in these posts are requlred to demonstrate o clear, persoml commitmont to the Christian faith. HEALTH ANDSAFETY. KAP recognises and accepts its legal obllgations under the Health and Safety at Wc Act 1974 and all applicable regulations made under it to ensure, 0$ lai as is reasonably practical, the and safety and welfare at work ol all its employees, persons in training, directors, contractors, temp(xary workers ond volunteers ('Employees") and the health and safety ol service users, visitors and other pers( who attend or use its premises. In accordance with its legal obligations, the Employer has carried out a rBk assessmentofits activltles, equlpment,facilities,building and all otherrelated arrangementswhere matt&s ol health and safety may be involved. FAIAILYFRIENDLY.KAP aims to be o lamily friendly employer. We have policies to support this including but not limited to part lime working, working from home, maternitylpaternity leave, flexible emergency lea) and carers leave. REMUNERATION POLICY. The pay pollcy for all staff Is reviewed annually and new posts are benchmark1 against pay levels in equivalent posts in other organisations and external benchmark data. In addition to salary, we also offer a generous Employer Contribution Pension Scheme, Death In-service Insurance. up to 33 days, annual leave per year, an employee benefits platform, including Cycle to Work discounted sothl activities and an Employee Assistanc& Programm8. Financial Overview Th8 accounts are prepared for12 months of operations. A summary ol the income and expenditure (£K) for 2023 ond 2022 is shown below.. 2023 2022 Income 1586.53 1763.40 Expenditure 1630.36 1635.60 SurpluslDofi¢it (43.83) 127.80 Trustees, Report und Financial Statements 2023 Company no. 07433621. Charity no. 1139956. 15
Income totalled £1,586.53k In 2023, a decrease of IOYO compared wlth 2022. During 2023 there was a delkit of £43.83k compared with a surplus of £127.80k in 2022. Reserves The policy on r8serv8s, agreed by the Trustees, is that the app¥opriate level of unrestricted (includi designated) reserves should be based on a proportion of our regular costs as follows: Four months of long-term commitments, such as rent and utilitles payments ond the cost of runrirKJ sgrvices which are a vital activity to maintair). Two months of medium-term commltments such as permanent staff costs and thg linanclal SUPFJJt we provided to external parties. One month ol short-term costs, including the day-to-day activities ol the Trust. Using the abov& crlt8riq a detailed review has estimated that reserves for 2023 should be ot least£280K. Tr current unrestricted (including deslgnated) reserves are £281.8K, just above the amount specified by ttr policy and this will continue to be monitored during 2024. Total res8rves at the ond ol the year were £404.3K, £281.8K being unrestricted reserves as noted abov& TF remaining balance of £122.5K were restricted reserves made up ol the followlng funds.. _ Nightsh@Iter fund of £90.7k repTesents specific donations given towards future emergerw accommodation. Accommodation fund £4.6k from Screwfixfor replacing fir8 doors at properties that were not spent h the year Refugee Care fund £5.Ik represents the balance ol funds given specifically to that fund for the care of refugees The Opportunlty fund of £22.Ik represents the balance of funds given speclffcally to PathwayB to Employment. It is anticipoted that the balance of £122.5K restricted funds held at the end of the year will be used on tl respective activities, as noted above, in the year 2024. Investment Pollcy Reserve funds are invested such that tha total in any one banklbuilding society is less than the £85K guarantee limit provlded bythe Financial SeNices Compensation Scheme (FSCS). In order to stay bekw limit, three savings accounts with Co-operative Bank and Shawbrook Bank Ltd, are utilised. In the currert unc&rlain financial climate and with interest rates being vary low, priority is being given to protecting tl reserves undor FSCS rather than seèking to maximise interest. Trustees, Report and Financial Statements 2023 Company no. 07433621. Charlty no. 1139956.
Rlsk Management The major risks os recognlzed by the Trustees are detailed below. Nature ol Rlsk Rlsk Levèl Mltlgailon GOVERNANCE Well-belng CEoliead&rship team Low Access to support through HR, broadening of responsibilities across team, good pastoral, and welS-b&lng support Inadequate reserves Medium Diversity ol income streams to increase revenue. FundraisSng slratagy in place to maximise opportunities. Outsourcing bids and trusts to consultants. New accounting system in place to help manage dally progress more efficlently. Internal monitorSng in ploce with Trustee oversight to look at spending against cash in the bank and level ol reserves. Size and skill set on Trustee board Low Il we become an RP will require a housing specialist whlch we will recruit for thls year. staff recruitmentlretainment Low Improved recruitment process. Increased occess to staff benefits. Building a culture of value, motlvatio and purpose. Recent pay increase. hAisslon Drift Low strategic objectives lor next 5 years complete and monthly check on these in SLT, connect wider team to this on a regular basls through team times. EXTERNALRISKS Cyber-(Jttacks - hackingi emall interceptions etc Low New contract with IT consultants has ensured all systems and equipment are fully protected with antlvirus, firewalls, and Insurancfy. Moved to Microscft 365 to increase security. Loss of Office space due to lir8lflood or notlce on lease Low Pèople can work from home, good relalionship with landlords. All properties protected with fire systems. Loss of Office Serverlciient info Low All info backed up, also stored on InForm Pandemic No longer In one Everyone has been offered vacclnes. PPE ond screens stored il ever needed again. Trustees, Report and FinancSal Statements 2023 Company no. 07433621. Chority no. 1139956. 17
COMPLIANCE WITH LAW AND REGULA TION Accused ol discrimination and prejudice in the local and national media due to acts ol past or present stoff Low Adhere to equality act and equallly policies. Have prepared a robust response to GOR. Accused of discrimination Low Adher8 to equality act and equality policies. Have prepared a robust rèsponse to GOR. Employee accusing discrimination Low Adhere to equality act and equolity policies. Have prepared a robust response to GOR. OPERATIONALRISKS Loss of housing provision due to extreme ¢ir¢umstonces Low Ensuring oll properties up to salely stondards to protect agalnst damage and accidents. On-goSng relatlonship with other housing providers. such as fire or flood. Change OT Leadershlp Low Well established team with broadening and transparent p¥ocedures- operational procedures well documented so others across the team could pick up and work with. Clientlstaff member seriousw injuredlkilled Low Health and safety traininglpolicles In place, access to HR 51 support needed Competition In the market f our client group Medium Movlng into new areas of housing provision such as modular housing. Seeking to upskill staff in order to work wlth more complex needs. Looking for funding lor restricted eligibility clients. Achievements and Performance Despite the challenges o12023,the King's Arms Proleet (Bedford) finished in a strong financial position monthly expenditure was less than budgeted, and we have carried the additional expenditure incurrEd by the move as well as we could given the dlsappointing lock ol success from Chority Fundraising (CF). G(xry into 2024, we hove budget which is designed toreplaceth8 reserves we used tocashflowthe lock ol Inco from CF and moving costs. Trustees. Report and Financlal Statements 2023 Company no. 07433621. Charlty no. 1139956. 18
In 2023 we were able to work with and support.. Sorvice 2023 AGhlevement Helpline 93 indivlduols street Outreach 259 individuals Supported Accommodation 57 individuals Resettlement and Integration Support 44 families ESOI 193 individuals (ol which 65 were chlldren) Pathways 61 individuals Oui income comes from a varlety of sources. We have contracts wlth the Bedford Borough Council a1 Central Beds local counell which in totol accounts for the on-golng employment and salary costs fol16 of the current staff team. 7 of our team are covered through housing benefits. The remalning posts must be covered through fundraising, trusts and grants. We have been worklng wlth consultants for Marketing and GrantwrltSng to Increase our profile and Inccynè and continue to do this moving forward as we feel thls glves us maximum flexibilltyto respond to our needs. We are developing new ways to increase community involvement wlth KAP as well focusing in house on growing our regular donor base as a way of providing as much forecastoble income as posslble. We lThe moved Into our own piemises in the town centre to raise our profile, give us the opportunity to gain inC(r through room rental ond expand our serwces. We hav@ negotiated an Increase In our housing benefit rates and are seeking to become a registered provider although this is a long process which will increase the opportunities for us to provide further bed spaces across tha borough. We have been able to claim housing benelitfor up to 37 bed spaces at ary c timo through our move on housing which provides a slgnlficant and consistent portion ol our income, includlng the staff costs 017 employees. With increc5sing numbers of people at risk ol returning to homalessness following the'Everyon6 In, initiatwe our services continue to be in high demand os we locus efforts on prevention through supported houslro and our Pathways programme which is growing in impact and Continues to draw attention from funders. Our work with reluge&s and asylum seekers and support for those with no access to public funds is increasing in line with our policy to lind a dignified solutlon for those individuals. Given the diversity ol our Sncome strfjoms, the increasing demand lor our services and our growirvJ reputation for ex¢èllance with local and national portners and funders, we feel that we are in a str(xu position to continue to de1ivar and expand our servlces. Trustees, Report and Financial Statements 2023 Company no. 07433621. Charity no. 1139956.
Auditor The auditor, WMT who have slgnlfied their willingness to act on KAP'S behalf, were appointed to KAP by tF Trustees on 22nd March 2023. Statement of Disclosure of Information to Auditor We, the directors of the ¢ompany who held ollice at the date of approval of these Financial Statements, as set out above, each confirm so far as we are awore, that.. there is no relevant audit information ol which the company's auditors ar8 unaware., and we hove taken ull the steps that we ought to have taken os dirtorS Sn order to make ourselves awale of any relevant oudit information and to ostoblish that the companys auditors ar8 oware of that information. The Trustees have prepored this report in accordance wth the speaol provisions of Part15 of the ComFKJries Act 2006 relating to small &ntiti8s. Approved by the Trustees on and signed on thoir behalf.. Vanessa Lipskr Chalr of Trustees Date: ITr17 IL4- Trustees, Report ond Financial Statements 2023 Company no. 07433621. Charity no. 1139956. 20
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KING'S ARMS PROJECT (BEDFORD) opinion We have audited thelinancial statements of King's Anns Project (Bedford) (the'charitable company) lor thè year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Shèet tr statement of Cash Flows, and notes to the financial statements, includlng a summary ol significant accounting policies. The financlal reporting framework that has been appli in their prèparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial R8portiry Standard applicable in the UK and Republlc of l¥eland" (United Kingdom Gen8ralty Acceptod Accountlrg Practlce). In our opinion, the flnanclal statements.. givfj a true and falr of th& stote ol the charitable company's allairsas at 31 DoCerer 2023 and of Its income and expenditure lor the year th&n ended,. have boen properly prapared in accordance wlth United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance wlth the requiroments of the Companies Act 2006. Basis for opinion We conducted our audit in accordance wlth International Standards on Auditing (UK) (ISAS (UK)) arKI applicable law. Our responsibilitles under those standards are further desciibed in the Auditors responsibilities for the oudit ol the financial statements section of our report. We are Independent of tFE charitable company in occordance wlth the ethical requirements that are relevant to our audlt ol the financial statements In the UK, including the FRC'S Ethical Standard ond we have fulfilled our other ethical responsibillties inaccordoncewith these requiremfjnts.we believe thatthe audit evidencewehaveobtar£d Is sufficient and appropriate to provide a basis for our oplnion. Conclusions relating to going concern. In auditing the linanciol statement4 we hovg concluded that the trustegs, use of the golng concern basB accounting in the preparation ol the financial statements is oppropriate. Based on the work we have performed, we hove not identi116d any material uncertaintles relating to gV6nts or conditions that, Indlvldualty or Collectively, may cast significant doubt on the charitoble companys abity to continue as a going concern for a period ot at least twelve months from when the financlal statements are authorised for issue. Our responsibilities and the responsibilities ofth& trustees with respectto golng concern are descri in the relevant sections of this report. Other information The other information comprises the information included in the annual report, other than the financial statements and our auditor's reportthereon.Thetrustees areresponsibleforthe other inlormotioncontairEd within the annual loport. Our opinlon on the linanci£Jl stotements do@s not ¢over the other information a Trustees. Report and Financial Statements 2023 Company no. 07433621. Charity no. 1139956. 21
except to the extent otherwise explicitly stated in our report, we do not express any form of assurarce concluslon thereon. Our responsibility Is to read the other inlormatlon ond, in doing so, conslder whether the other information is materSally inconsistent with the financial statements, or our knowledge obtained in course ol the audit, or otherwise appears to bo materlally mlsstated. If we identlfy such material inconsistencies or apporent material misstatèments, we ore required to determine whether there a material misstatement in the financial statemgnts themselves. If, based on the work we have perlorrrth. we conclude thcTt there is a material misstatement ol this other Information, we (Jre required to report that loct W& have nothlrig to report in this iegard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in th& course of the audit.. the informotion given In the Trustees, Rgport which includes the Directors. Report prewred fu tr purposes ol company law, lor the financial yeor lor which the financial statements are prepared is conslstent with the financial statements., and the Directors, Report Included within the Trustee¥ Report has b88n prepared in accordance wth applicable legal requir8m8nts. Matters on which we are required to report by exception. In light of the knowledge and understonding ol th& charitable comFxJny and its environment obtained n tl course ol the audit, we have not identlfled material misstatements In the Directors, Report included wlthln the Trustees, Report. We have nothing to report in respect of the followlng matters in relation to which the Companies Act 26 requires us to report to you If, In our opinion.. adequate and proper accountSng records have not been kept, or returns adequate for our aLLif( have not been recelved from branches not vlsited by us- or the financial statements are not in agreement with the accounting records and returns,. or cartain disclosures of trustees, remuneration specified by law ar8 not made,. or we have not r@c8ived all the information and explanations we require for our audit,. or tha trustees were not entitled to prepare the linancial statements in accordance with the small compani8s' rggime and take advantage of the small companies, exemption in preparing the Trustees, Report and from the requirement to prepare a Strategic R8port. Responsibilities of Trustees As 8xplaingd more fully in the trustegs. responsibllities statement,the trustggs (who are also the directors of thecharitablecompanylorthe purposes ofcompanylaw) ore rfjsponslblefor thepreparotion olthe linanclal statements und for being satisfied that they give a true and fair view, ond for such internal control as the trustees determine is nec@ssarytoenablethe preporotionofllnanclal statementsthatorefreelrom material misstatement, whether due to fraud or error. Trustees. Report and Financial Statements 2023 Company no. 07433621. Charity no. 1139956. 22
In preparing the finan¢ial statements. the trustees are responslble for assèssing the choritable company's abilityto contSnu8 as a going concern, disclosing, as applicable, motlers related to going concern and using the going ¢on¢ern bosis ol accounting unless the trustees elther Int8nd to liquidote the charitable company or to cease operations, or hove no realistic alternative but to do $0. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assuroncè obout whether the financial statements as o who18 are Ir88 from material misstatement, whèthèr due to fraud or error, and to issue an audllor's r8port that includes our opinion. Reasonable assurancè is a hlgh level of assurance but Is not a guarantee thot an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arls& from fraud or error and are consldered motérial il, individually or in the aggregate, they could reasonably be expected to influence the e¢onomic decisions ol users token on the basis of the financlal stotements. Irregulorities, including fraud, are inston¢ès of non-compliance with laws and regulotions. We design procedures in line with our responsibilities, outlined above, to detect material misstat8mènts in respect ol irregularities, includlng fraud. Discusslons with and enquiries ol management ond thos6 charged with governance were held with o vlow to identifying those laws and regulations that could bo expected to have a material impact on the linanciol statements. During the engagement team brl81ing, the outcomes of these discussions and enquiries were shared with the team, as well as con$iderotion as to where and how traud may occur In tha entity. The extent to whlch our procedures are capable of detecting irregularltles, Includlng fraud is d&tailed below. Based on our understanding of King's Arms Project (Bedford) and its activities, the followlng laws and r8gulotions were identified as being of gignilicance to the entity.. Those laws and r8gulations considered to huve a dlrect effect on the financial statements include UK financial reporting standards (FRS 102), Company Law (Componies Act 2008). Charity Law (Charities Act 2011), the Chorilies Statement of Recommendéd Practice {Charity SORP) and Penslon leglslation. Those lows and regulations for whlch non-compliance moy be fundamental to th6 operating aspects of the charitoble compony and therefore may have a materlol effect on the financial statements include compllance with the charitable objectives, publi¢ bèn8fit, so16guarding, data protection, health and so18ty lègislation and employment regulatlons. Our audlt procedures were designed to respond to those identified risks, Includlng non-compliance with laws and regulations (irregularities) and fraud that are material to the finuncial statements. Our audit procedures Sncluded but were not limited to.. Inqulrl$s ol management and the Trustees as to whether the entity complies with such laws and regulatlons,. Inquiries with the sume concernlng ony actual or potential litigation or claims,. inspectlon ol rel8vant legal correspondence,. rgvlew ol Trustee meetlng mlnutes,. tesllng the approprlateness ol journal entries and; th8 pgrformance of analytlcal revlew to Identlfy un8xpected mov8ments in account balances whlch may ba indicative of fraud. No instances ol material non-compliance were identified. However, the likelihood ol detecting irregularities, including fraud, is limlled by tha inherent dilliculty in detecting iriegularities. the effectiveness of the entity's controls, and the nature, tlmlng and extent of the audit procedures performed. Irregularities thut result from fraud might be Inherantly more dillicult to deto¢t thon irregularities that result from error. As explain$d above, there Is an unavoidable risk that material mlsstatements may not be detected, even though the audit has been planned and performed in accordance with ISAS (UK). Trustees. Repoit and Financial Statements 2023 Compony no. 07433621. Charity no.1139956. 23
As part of an audit in accordance with ISAS (UK), we exerclse professional Judgment and maintain professional scepticism throughout the audit. We also- Identify and assess the risks of material misstatement of the financial statements, whether dug to fraud or error, design ond porform audit procedures r8sponsSve to those risks, and obtaln audit 6viden¢e that is sufficient and appropriate to provide a basis for our opinion. The risk ot not detecting a material misstatement resulting from fraud is higher thon for one resulting from error, as fraud may involve collusion, forgery, intentSonal omissions, misrepr6sentations, or the override of internal control. Obtain an understanding ol internal control relevant to the audit in order to design audlt procedures that are appropriate In the circumstances, but not lor the purpose ol expressing an opinion on the eflectlveness ol the ¢harltable company's internal control. Evaluate the approprlateness of accounting policles used and the reosonableness of accounting estimates and reloted disclosures made by the trustees. Conclude on the approprlateness of the trLJStees' use of the going concern basis of accounting and, ISed on the audit evidence obtained, whether a ma18rial uncertainty exists related to @vents or ¢ondltlons that may cast signili¢ant doubt on the charitable eomponvs ability to continue as a going con¢ern.11 we conclude that o motgrlol uncertainly exists, we are requlred to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions ore based on the audit evid$n¢& obtained up to the date of our auditor's report. However, future events OT conditions moy cause the choritable company to cease to continue as a going concern. Evoluoté the overall presentation. structure and content of the finonciol statements, includir)g the dlsclosures, ond whether the financlol statèments represent the underlylng tronsactlons and events in a manner that ochSeves falr presentation. We communicate with those charged with governance regarding, among oth8r matters, the planned scope and timing ol th8 audit and signilicont audit findings, ir)cluding any significant dèficiencies in internal control that we identify during our oudlt. Use of the audit report This report is made solely to the charitabl8 companvs members as a body in accordance with Chapter 3 of Part 16 of the Componles Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we ore required to state to them in on ouditorfs report and for no other purpose. To th6 fullest extent permitted by law, wè do not accept or assum6 responslbility to anyon& other than the charitoble company and the charitable compony's members as o body for our oudit work, for this repor¢ or for the opinions we hav& formed. Elizabeth wlcks Sonior Stalutory Audltor Dale: gol Forand on behull ol WMT Churtered Aeeounlants and Reglstered Audltors 4 Beaconslield Road st Albans Hertlordshire, ALI 3RD Trustees. Report ond Financial Statements 2023 Company no. 07433621. Charity no.1139956. 24
FINANCIAL STATEMENTS 2023 COMPANY NO. 07433621 STATEMENT OF FINANCIAL ACTWITIES FOR THE YEAR ENDED 31 DECEMBER 2023 INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT Unrestrl¢ted Deslgnot8d R8Stricted fund5 yeor funds yeor funds year Total funds Total fund8 ended endad ond8d y8ar8nd6d year éndad 31112123 31112123 31112123 31112123 31112122 Income Notas Incoma from g8n8rat6d funds Volunttsry Incom8 Donations and legaclos other Inc<)melfundrolslng InstM&t income 153,046 56255 347 209,648 161,719 5,577 5,577 717 Z541 2,541 879 Incom8 from charitable o¢tlvltlès R8nt & Houslng Èen¢flt Supporting PeoplelRough Sleèpèr Outr8ach 453,063 453.063 338,M6 8,431 8A31 111212 No Recourse Accommodotlon 59,915 R8fu9ee Supp)rt Opportunitv 56Z949 562.949 750,164 17064 Gronts 344,325 344,325 315096 Totallncome 161.164 1.080.898 344,672 1.586.534 1,763 J82 Exp8ndituro Cost of raising funds Charltable tsctlviile$ 59,225 59225 83,042 Core Operatlons 102018 102,018 4,089 Outrea¢h 30B39 88?99 119,238 237,835 Accommodtttlon 474,133 110.104 584.237 524,291 Refugea Support Oppoitunlty 673609 25,802 698rt11 706,328 67,233 67.233 99,992 Total Exp&ndlture 59,225 1.177.581 393.556 1,630,362 1.635.575 Ntrt mov•mant Infunds 101,939 {96,8831 148.8841 171,400 I4328) 448,119 127,807 8olonca brought forward Transfers betweeri funds 276,719 320812 (96,8831 86,883 Bulunce8carrhd forward 5&10 281.775 122.516 404,291 448,119 The charity's incoming resources and resources expended all relateto continuing operations. Thecharty FKJS no recognlsed gains or losses other than those inc5uded above. The notes on pages 28 to 38 form part ol these accounts. Trustees. Report and Financiol Statemgnts 2023 Company no. 07433621. Charity no. 1139956. 25
BALANCE SHEET ASAT 31 DECEMBER 2023 COMPANY NO. 07433621 Notos 2023 2022 Property. plantond equlpment Tangible assets 108,135 51.873 Current assets Debtors 230,037 114,967 Cash and cash equivalgnts 156,957 456,759 Total currant as$ot8 386.994 571,726 Creditors falllng due wlthln one year (90.838) (175,480) Not current assets 296.156 396,246 Not a8$el$ 404.291 448.119 Funds 5&10 Unrestrlcted funds 281,775 276,719 Designated funds Restricted funds 122,516 171,400 Total lund$ 404.291 448,119 The notes on pages 28 to 38 form part of these accounts. These financial statements have been prepared in accordance with the special provisions of Parl 15 of tl Companies Act 2006 ielating to small chaiitable companies. The linanclal statements wereapproved and authorised forissue bytheTruste8s on18" July2024 and slgrEd on their behalf. V. Lipski Trustee . Burge Trustee Trustees, Report and Flnancial Statements 2023 Company rK). 07433621. Charity no. 1139956. 26
STATEMENTOF CASH FLOWS AT 31 DECEMBER 2023 2023 2022 Cash flow$ from operatlng a¢ilvlties: Net movement In funds (43,828) 47,222 127,807 Depreciatlon Surplus on sale ot fixed (Jssets Interest receivèd 30,950 {5,577) (2,541) (115,070) (879) Decrease in trade and other receivables 48,393 Decrease l (increase) In short term investments (Decrease) l incroase in trode and othar payables 23,983 (84,642) (14,898) Nat cash inflow Irom operutlng activitias (204.436) 215.356 Cash flows from investlng activitiès Purchase of property, plant and equipment Proceeds from the sale of property, plant and equipment (103,484) (38,284) 5,577 Interest received 2,541 879 Net cash outllow from Inve$tlng actlvlilo$ (95.366) {37.405) Net (docrease)Iin¢rea$a In cash and ¢ash equlvalonts (299,802) 177,951 Opening cosh and cash equivalents 456,759 278,808 Net increas& in cash and cash equivalents {299,802) 177,951 Closing cash and cash equlvolents 156.957 456.759 The notes on poges 28 to 38 form part of these accounts. Trustees, Report and Financial Statements 2023 Company no. 07433621. Charlty no. 1139956. 27
NOTES TO THE FINANCIAL STATEMENTS Accounting policies 1.1 General Inlormatlon King's Arms Project (Bedford) Is o charitable company limited by guarantee (Company No. 7433621), registered in England and Wales, and has no share capital. It was incorporated on 9th Novembgr 2010, arK registered os a charityon 20th January 2011 (Charity No.1139956). In the event of the charity Ing wouwl u the liability in respect of th8 guarantees is limited to £10 per member ol the charity. The address of its rogistered office and principal place of buslness is disclosed in the company information on page 3 01 this Annuol Report. Klng's Arms Project (Bedlord) is a public benefit entity as dgfined by FRS 102. The nature of the charitys operatlons and principalactivitiesaretorelievelinancial hardship particularlybut notoxclusivelyamong the homeless or those at risk of homelessngss and to promote and preserve good health, and to advance tl Christian faith. 1.2 Accauntlng convention and ba818 of preparatlon The linanclal statements have been prepared In occordance with Accountlng and Reporting by Chorities.. statement ol Recommended Practlce applicable to charities preparlng their accounts in accordance wkh the Financial Reporting Standard applicate in the UK and Republic of Ireland (FRS102) (effective l January 2019) (Charities SORP (FRS102)), the Charities Act 2011, the Companies Act 2006. and UK Generally Accept1 Accountlng Practice. The financial statements are prepared on a golng concern basis under the hlstorical cost conventiory modified to include certain items at lalr value. The trustèes have consldered the level of funds held and thè expected level of income and expenditure for 12 months from authorising these financial statements. T budgeted income and expenditure Is sufficient with the level of reserves for the charityto be able to contlnue as o going concern. The financi(yl statements are presented in sterling, which is also the functional currency of the choiity arLI rounded to the nearest £. .3 Income Any incom8 recoived is crgdited to the relevant fund. The following policies are (Tpplied to partlcLkJr catggories of income.. Donatlons and Gift Ald - Income receivable by way of donations is included the Statement of Finoncial Activitiaswhen roceivable.Tox credits (gilt-oid) are Included inthèfinancial statemantson an accruols bosks as recommended by the Statement of Recommended Practice. Thls means thut tijx credits are taken into account in th8 period in which the originating doncTtion was mode. Legacies - are recognised when receipt is probable, and the amount can be reliably measured. Invostment Income - is included in the Statement of Financial Actimties when receivable. Trustees, Report and Financial Statements 2023 Company no. 07433621. Charity no. 1139956. 28
Income from churitable u¢tlvlile$- incoming resources from charltable activities are occounted for when 6orned. Grunt Ineome- Incomlng resources from grants, whore related to performance and speclfic delwerab are accounted for as the charity earns the right to consideration by its performance. Grants, whe entitlement is not conditional on the delivery of a specific performance by the charity, ure recognised WF the charity becomes unconditionally entitled to the grant. 1.4 Volunlarya$$18tancoanddonoiodgoods Volunteers are key to the success of KAP and during 2023 ther8 were over 115 (2022'.15) volunteers givir opproximately 2,063 hours ol service in 2023 (2022.. 1,100). Volunteers provided assistance to KAP includiry befriending refugees, assisting in ESOL classes,¢reche and oui Languagg Club as well as Pathways courses, and staffing our Winter Night Shalter. Donated goods Includ& food, clothes, and consumables for tl homeless. Voluntary assistance and donated goods ore not recognised in the financial statemgnts as tr amount cannot be measured accurately. 1.5 Allocation of tosts Costs arg allocated directly to funds wheneve¥ applicable. Staff costs, and internal indirect costs, ore allocated on a proportional basls between lunds where services ore provlded trom within the organlsation. .6 P6n81on costs The pension costs chaiged in the financial statements represent contrilxjtions paya18 by the charltab company durlng the year. 1.7 Redundancyand termlnotlon payments Redundancyand termination costs are recognisedos anexpenseln the Statement of Financlal ActivitB8 arKJ a liabilityon the Balance Sheet immediatelyatthe pointthecharitable companyls demonslrab1yc0mmtl to either.. termlnate the employment of an employee or group ol employees before normal retlrement date,. or provide termination benefits as a result of an offer made in order to encourage voluntary redundancy. 1.8 Operailng leo#e$ Rentals payable under operating leases are charged on a stralght-line basis over the term ol the lease. .9 Tanglble flxed a888ts und dgproclailon Tangible fixed assets other than freehold lond are stated at cost lass depreclation. Depreciation Is pro1 at rates calculatèd to write off the cost less ostimated residual value of each asset over Its oxpected usefL Ille, as follows.. Flxtures and littings Leasehold improvem8nts Motor vehicles 20Y.-33°A straight line over the period of the lease 20% straight line Tangible assets above £500 are capitalised. Trustees, Report and Financial Statements 2023 Company no. 07433621. Charlty no. 1139956. 29
1.10 Flnan¢lal In$trumont$ The charity only has financial assets and liabilities ol a klnd that quality as basic financial instruments Bas linonciol instruments are Inltlally re¢ognised at transoction values and subsequently measured at their settlement value. Debtors.. Debtors are recognlsed on the accrual's basis at the settlement amount due. Prepayments are valued at the amount prépaid and accrued income Is valued at th8 best estimate of expected receipts. Cash and cash equlvalents.. Cash at bank and in hand includes cash and shortterm highty liquid investrrEnt wlth a short maturity otthrèe months or less from tha dote ol acquisition or opening of the deposit or simknr oc¢ount. Creditors.. Creditors are recognised where tha charity has a present obligation resulting from a past event that will prokiably result in th& transfer of funds to a thlrd party ond the amount due to S8ttl& thè obligati( can be measured or estimatad reliably. Creditors are normally recognised at their settlement amount. 1.11 Unrestrlcted, de8lgnated, and re8trlctèd funds Unrestricted funds are funds given lor the general purposes ol the charttable company CTnd thesefurKIs be expended on the objects of the charitable company at the discretlon of the Trustees. Designated funds are unrestrict8d funds set aside lor a purpose as determined by the Trustees. Restrlcted funds are thosefundsthat have beenglven lora specific purposeand theymust onlybeeXperKIJ on that purpose. There is cjn overarching fund for KAP administratlan. This fund receives donations lor general expenditure on ony aspect ol the work of the Charity. Within these crlteria, the Trustees hove discretion as to whlch designated fund the funds will be applied to. 1.12 Judgments In applylng uccounilng poll¢l•$ and key sour¢o8 ol e$tlmatlon un¢orlalnty. In applying the Companys accounting pollcles, the Trustees are requlred to mokg judgements. estimates and assumptions In determining the carrying amounts of assets and liobililies. The trustee's judgamerts, estlmates and assumptions are based on th& best and most reliable evldence availobl8 ot the time when the decisions are made and are based on historical experlence and other factors that are consid@red to be applicable. Due to inherent subjectivity involved in making such Judgements, estimates and assum ptiorE th8 actual results and outcomes moy diffgr. Th8 estimates and underlying assumptions orè r8viewod on an ongoing basls. Revisions to occounti estimates aro recognised in the period in which the estimate is revised, if the revision affects only that perkxL or in the period ol the revision and future periods, if the revision affects both current and future periods. Tl key area oljudg8ment in the accounts relates to voluntary ossistance and donated goods referto not& IA Trustees. Report and Financial Statements 2023 Company no. 07433621. Charity no. 1139956. 30
2 Tottsl Income R0nt& Y•ar •ndlry Invo$lmrnl Incom• supwii 81.12.2022 Fundrdil vl Unrestrlct*d In¢om 153,046 B,SY7 1541 161,164 179.942 Deslgnuted Tncom• OUYIIEACH Rough S18ap8r Outrèoch ser1C8 56,255 8A31 84.686 104,061 Nlght shelter 9.274 ACCOMMODATION 435,019 485.019 383.695 RÉVUGEEANDMIGRANT $ERVleÈS 562,949 768,298 18.044 580.993 OPPORTUNITY 17.884 TotalDe$lgnot•d Income 56,255 453.063 8A31 662,949 1.080.698 1283.192 Restrkted Incom COREOPERATIONS 101018 101018 4.089 QUTREACH Rtrtjoh Sl88wr Outr8ach Sgrvlce 88,399 88,399 141.651 ACCOMODATION 59,000 59,000 86,024 REFUGEESUPPORT R8fug88 and MigTant S8rvic8S 5,581 5.581 Refuw8 Cor8 Fund 347 347 7.601 OPPORTUNITY 89,327 89.327 60.883 Yotul Restrlctad In¢oMtr 347 344,325 344,672 300,248 Yotullncomo 209,648 5.577 2,541 463.063 .431 561949 344,32E 1.686,534 1.763A82 Trustees, Report and Financial Statements 2023 Company no. 07433621. Charity no. 1139956. 31
3 Total Expendlture Djrect Costs Indlrect Cost8 Dopr•clutlon Yeurendlng Yè•r?ndlng 31.112023 aF.12.2022 Tottsi stallCostG Fundrulslng &Publl¢liy 25.461 33.764 59,226 63,042 Daslgnutod Expons¢s OUTREACH Rough Sl88pers Outretth Saivlco 73,467 6,998 10,374 30.839 136.450 Nlght shelt8r 11.443 ACCOMMODATtON 148,183 256,035 48,582 23,333 474,733 493,874 REFUtsEÈ ANDMIGRANT SERVICES 437,588 168,655 54.074 12292 672,608 687,6BO OPPORTUNITY 39.109 YalD881gnted Exp8ns08 599.238 424680 T07.65d 46.999 1,177,581 1,368.556 Rostrlctad Expans¥$ COREOPERAYION$ 49A63 53855 T02.018 4,089 OUTREA¢H Rough Sle@PN9rs Outr8ach Sendcg 62026 25,573 88,389 89.9112 ACCOMMODATION 110,104 110,104 30,317 REFUGEESUPPORT Refuge8 and Mlgrant S81C8s 5,581 5,581 Refugee Core Futyl 17356 2865 20.221 18.7116 OPPORTUNITY 56,248 4,403 5361 ,223 87,233 60.883 Total Restrlcted Expensas 301,478 85A98 5.361 1,2fJ 393.556 203,977 TotulCharilabteExpandltur8 926,176 543.950 113.015 47,222 1,830.362 1,835,675 Included in direct costs is auditor's remuneratlon of £9,100 (2022.. £8,500) plus V AT. The dilferfjnce between Stofl Costs in the abov8 and Employee Information in Note 4 is £23,411. This is due to stoll life insurance,. recruitment axpenses and agencyworker's charges b6ing included In the above but mt in Note 4. Fundraising and publicity costs relate mainly to staff working to Secu grants and funding from a varS* of organisations and gront-making trusts as well as organising fundraising events durlng the year. Trustees, Repoit and Financial Statements 2023 Company no. 07433621. Charlty no. 1139956. 32
Employee Informatlon 2023 2022 Salaries 784,115 815390 Social security costs 59075 61,900 Pension 58,774 6065 Total 902,764 937,355 The table below details how many employees are required lor each proj8ctls8rvice 2023 2022 OPERATIONS Monogamènt & odmlnlstrotSon Fundraisers OUTREACH Rough Sla6p8r Outraoch Nightshelter ACCQMMODATION No Recourselmove on Housing OPPORTUNITY Pothways REFUGEE SUPPORT R8fug88 Support ESOL Bonk Workers Ttstul Employees Tolal Full-Time oquivtsl•nt$ (FTE) 38 39 29.38 32.97 No employee recelved remuneration ol more than £60k in either 2023 or 2022. Trustee remuneration is in accordancawlth the Memorondum & Articles of the Trust lor services provided to the Trust. Trustee remuneration during the year 2023was £nil (2022.. £nll). Trustse 8xp8nses were reimbursed to on& (2022.. two) Trustee during the year 2023 totalling £16 (2022.. £571) being for the purpose of tra expenses. Remunoratlon ol key management personnel lor the year ended 31 December 2023 comprlsing the CEQ Director ol Services, Head of Operations and Head ol Accommixjatlon totalled £186,627 (2022.. £140,601). Total termlnatlon and redundancy costs amount to £861 during the year (2022.. £25,436). £nll (2022.. £13,5(K)) are included in accruals. Trustees. Report and Financial Statements 2023 Company no. 07433621. Charity no. 1139956. 33
5 Movement In funds OpqDlng Inmme Expendlture Clalny balunce 2023 Unrèstrlctèd Funds 276,719 161.164 {59.225) (96,883) 281,775 Dèslgnutad Funds OUTREACH Rough Sle8p8r Outr8ach S8rvlc8 A¢¢OMMODATION 64.686 {30,8391 {474,1331 1672,6091 (1,177.581) (33B47) 39,114 435,019 REFUGEEANDMIGRANT SFRVtCES 580,993 91,616 TotulDeslgnuted Funds 1.080.698 96.883 Rosirlcted Fund8 COREOPERATIQNS 102018 (102,018) OUTREACH Rough S18ep8r Outr8¢Jch Servlc8 Nlghtshelter Fund ACCOMODATION 88B99 (88.3991 90,671 90,671 55,707 59,000 {Th10,104) 4,603 REFUGEE SUPPORT R8fug88 <Jnd Mlgront Serces Refugee Care Fund s87 15,581) 120221) 187,2331 (393.556) 25,022 347 5,148 OPPORTUNITY 89,327 21094 TOttslRe5trleted Funds 171,400 344.672 121516 Totul movèm•nt Inlurtd$ 448,119 1,586,534 (1,630262) 404.291 Restricted funds represent grants or splfIe donations ye1Ved foru wrlicular purpose, tt)e balanc&4 at year-end rapresent the following.. Nightshelter fund of £90.7k represents specific donations givon towards futur8 emergerw accommodation. Accommodation fund £4.6k from Screwfix for replaclng fiwedoors at properties that were not spent the year this is expected to bè usad in 2024 Refugee Care fund £5.Ik represents the balance ol funds givgn specifically to thot fund for the care ol refugees - this Is expècted to be used in 2024 towards items that are not ¢ovor8d byth8 Refug ond Migront Services Contracts. The Opportunity fund of £22.Ik represents the bolonce of funds glven speclllcally to Pathways to Employment and is expected to be used in 2024 Designated funds lor Outreach, Accommodation, Refugee and Migrant Services and Opportunity represent ILJnds received to deliver a contracted servlce. Trustees, Report and Financial Statements 2023 Company no. 07433621. Charlty no. 1139956. 34
Anydelicit in o designated funds is then covered from the unrestricted fund. Any surplus fiom o desigmted fund is transferred to unrestricted fund at the year-end leaving all designated funds with a zero balance. The purpose of the unrestricted fund Is to: cover ony deficits In designated funds. meet the requirements ol the KAP Reserves policy. to keep funds avallable for future developments of the KAP. Proporty, planL and equlpment FlxturfysuNI Ilitlng$ Leasehold Improvem8nts Motor vfyhl¢l¢È Total Cost As ot l?t Jonuory 2023 Addltlons Disposals Cost at 31¥t December 2023 IOIA07 2A97 1374) 103,330 57,728 101,087 13,720 172,755 103,484 (7,314) 288,925 {6,940) 6,780 158,815 Depreclation As at isl Junuory 2023 Charge lor thé yeor Eliminat8d on disposol Deprgdutlon at 31tst Decembor 2023 89,771 7,570 (374) 96,967 18,779 38,264 12832 1,388 16,940) 6,780 120,882 47222 (7,314) 160,790 57A143 Net bookvqluè ut Decemljer 2023 Net bookvoluo ot Decamber 2022 6A83 11.536 ioi.m 38.948 108,135 51.873 1,388 D&btors 2023 2022 Trade debtors Accrued incomo & prepayments Tax credit (gllt-old) Total debtors 79,313 146,026 4,698 230,037 30,408 81,982 2,577 114,967 B Short term deposits and cash and ¢ash equivalents 2023 2022 8onk accounts 156,957 456.759 Totul 156,597 456,759 Trustees. Report and Flnancial Statements 2023 Company no. 07433621. Charity no. 1139956. 35
g Credltors lalling duewlthln onè year. 2023 2022 Trude creditors Deferred Incom8 Accrued expenses Total crgdltors 30,767 22,622 37A49 90.838 24,595 112,812 38,073 175,480 D•l8rr8d incomo At IBt January Gronts awarded within the year Released to Ihcoming resources lor thg year At 3111 December 112,812 22,622 1112,812) 22,822 155,921 112,812 (155,921) 712,812 Income Is deferred whele income has been received in advance or the recognltion criteria hove not yet been met. Trusteos. Report and Financial Statements 2023 Company no. 07433621. Charity no. 1139956. 36
10 Netossets held by tunds. Propertyi plant. and Èqulpm¢nt Debtors Bunk ond cash ¢rtdltor$ Tota12023 Tota12022 Unrestricted Funds 52218 18,504 251,523 (38,468) 281,775 276,719 Dèslgnated Funds OUYREACH Rough Sleeper Cxjtreach Servlee 26,209 14,023 (34.637) (5,595) ACCOMMODATION 28,682 29,909 (31,774) (26,817) 112,545 (105252) (8,321) REFUfyEE AND MIGRANT SERVICES 1,028 OPPORTUNITY 3.000 (2,918) (82) Total D8$lgnated Funds 55,919 159N77 {174,581) (40,815) Restrlcted Funds CORE OPERATONS 19,056 (19,056) OUTRÈACH Rough Slegper treach Service 9,113 {9,1131 Nightshelter Fund 90,671 90.871 90,671 ACCOMMODATtON 20POO 115B971 4.603 55,707 REFUGEE SUPPORT Refug88 Cor8 Fund 5,148 5,148 25,022 OPPORTUNITY 15,000 9b36 (2A42) 21094 Totul Restrlcted Funds 54.056 80,015 (11,555) 122,516 InAoo Totul Fund8 108,135 230.037 756,957 (90,838) 404291 448,118 Trustees. R8port and Financial Statements 2023 Company no. 07433621. Chority no. 1139956. 37
11 Flnonclol ¢ommliment$ and ¢ontlngent Ilabllltlo$ At the year end the charitable company was committed to making the following pcrymonts under operatir leases In the coming year, all ol which related to property. Total 2023 Total 2022 Expirlng withln one year 150,096 88,206 Expiring within two to five years 200,921 144,999 Expiring ovar five years 4,881 Total 351,017 238,086 12 Ponslon costs During the year defined contribution pension costs of £58,774 (2022.. £60.065) were paid on behalf of 41 employ88s (2022.. 52) to Pansion schamgs administered indep8ndently ol the charitoble company. There were no penslon Ilabllltles outstandlng at the year end. 73 Post 8alqn¢g Shogt Events Please refer to the Risk Management section of the Trustees, Report on pages{s) 17 and 18. Trustees, Report and Financial Statements 2023 Company no. 07423621. Chority no. 1139956. 38
King's Arms Project We believe in hope for everyone, always. Tackling Homelessness Isolation Displacement kingsarmsproject.org
hopeforeveryoneqlways
Con)pany no. 07433621. Charlty no. 1139956.