8FP St Vincent's Family Project Annual Report and Flnanclal Statements 31 March 2022 Charity Rogistrati¢)n Number 1142095 Carnpany Registration Numbar 07638620 IEryJl8nd and W&e&l 'We lo St. Vincent's Family Project and my daughtw had been asking when she can go back lo school. me8ning the Family Space. For us it has been like a school because we ljave leamt so much.,
Contonts R•port$ Reference and administration details Trustees, report Indgpgndgnt audilorfs report 21 Flnan¢ial Stat•m•nts Statement of financial activities 25 Balance sheet 26 Statement of cash flows 27 Principal accounting pollcles 28 Notes to the financial stslements Sl Vincent's Family Project
Reference and administration dgtsil$ 31 March 2022 Patron Lady w18 G Grosvenor Trust¢•s Ms Christina A$ar*uSU {Appointed 07.11.20131 Teresa CroWY IAppointed 07.12.2020} Sister L& Ferrie DC IAppointe(105.05.2021) Philipp8 Gillin IAppoinl8d 10.06.20191 Sister Kathteen Kennedy DC {Appointed 04.12.2020} Deacon Ali Mcmillan (Appointed 07.12.2020) eoma Okafor (Appointed 10.06.2019 Rosemary Jackson IAppolnl8d 23.03.2022) Joanna Wormell (Appointed 13.07.20211 Principal ¢)ffi¢e The Melhodist Central Ho11 Slorey's Gate Westminster London SW1H 9NH Telephone: Facsimil•: 020 7654 5351 020 7654 6902 Company r•glstrallon number 07638620 (England and Wales) Chorlty r•gistration number 1142095 Chlof Ex•cutivo Andrew Varley Audltor Buzzao)tt LLP 130 Wood Street London EC2V 6DL Bankers Royal Bank of Scouand plc 4th Floor 21/1 Devonshire Square London EC2M 4XJ Sollcltors Wedlake Bell LLP 52 Bedford Row London WC1R 4LR Sl Vincenvs Family Project
Trusteos, report Year to 31 March 2022 The trustees present th8ir statutory report together wllh the financial Slalem8nls of St Vincent's FamlEy Project ISVFP or the Project) for the year ended 31 March 2022. This report has been prgpargd in accordance with Part 8 of the Charfues Act 2011 and constitutes a directors, report for the purposes of MpanY legislation. The financial slalements have been prepared in accordance with the accounting policies set out on pag8s 28 to 31 of the attached finanGial statements and comply with the charilab company's Memorandum and Articles of Association. applicoble laws and Accounting and Reportlng by Charities.. Statement of Recommended Pract appllcable to Chare5 prepadng Ih6ir accour)Is in acwrdance wtth the Financlal Rng Standard applicable in thg United Kingdom and Rgpubli¢ of Irgland IFRS 102}. Hlstory Sl Vincent's Famity Project has tts origins with the Spanish government. who in 1975 set up 8 neighbourhood programme stsffed by Spanish Daughtets of Charity lo work with famllles from Spain who were living in London. They provided them with support and fomied 8 community to help these young families. This eventually expanded to Include all famllies wilhin the area. when the UK Dau9hter8 of Charity of Sl Vincent de Paul became invofved in the project in 1996. The project has been based at Methodist Central Hall for the last fifteen years. It now occupies two compact floors within Ihe Hall, having expanded its usage space about six years ago due to an increase In ils proVIsn. SVFP malntsin$ a strong relationship wtth th8 Methodist Central Hall Church and tsvo mombgrs hokl trustee positions with us. The ne*d for our work South Westmlnsler Is an area of contrast been wealth. history and power alongside stark social deprivation. Areas in Churchill and St James wards are both within the top 10% of the Indices of Multiple Deprivation. 11 is in area with high pay gaps and ho$$ne$s. There ar8 many drfferent communities and languages spoken sitting amongst the poverty. debt and Insecure housing- soc6al Isolallon is a signifiGant problem in the 8rea. Famllles wilh very young children have all the pressures of early parenthood. 50 11 is unsurprising we see relationship conflicts, huge emtional stress on families leading often to mental and physical health problems. Various evidence shows that children in Weslminsler fare less favourably when it comes to obesrty, oral hygi8ne. well-being, risk of involvement in crime and homelessness. St Vincent's Famity Project
Trnstee$' report Ygor to 31 March 2022 Principal aims st Vincent's Famity Projed aims to support f8mllles In Westmlnster especialty those are experiencing difficulties. The Project aims to addr9$$ th¢ issues of parenting, chlld weWar8 and social exclusion by providing services for parents and children. Our project works to develop resilience in families in their early years lo have a lasting impact on Ih&ir futures. It alms to offer an èxrienC8 of communty that inspires. SUPPQTts and enabks positive change Sn the Ilves of those who use its services. These alms refflect the purposes for whlch the charity was set up. Publlc benefit The aims. objectives and aclrvilies of the Project are reviewed each ye8r. As part of this pr¢xess. the trustees have given Careful con8id8ralb)n to Ihe Charty Commission's general guldance on public benefit. The review of aGtivitie5 illustrates the ways in which Iho charity sarv8s the public benefft. Values Sl Vincent's Family Project has slx Vtncenlian values that undgrpin our direct work with families and Children. Thgs9 are: We are Respecfful.. W8 celebrate the uniqueness of the individual. We welcome dNersity and treat everyone non-iudgmentslly with equal care and attention. We ar8 Inspired.. We are committed to the nurturing of families in the belief that positNe change is possible in 8 Caring and loving environment. We seek to empower people lo meet their full poler)tial. W& arn Travellors Tog8ther We a prfvlleged lo acwmpany families through a significant part of th8lr loum8y. They are the heart of our charity, and w6 work wlth them In a splt of mutuality and frigndship. always ready lo listen an(1 learn from them. We are ProfesslonJl.' We aim for the highest of standards in our work drawlng upon 'be8t practi, principles and programmes. We will aayS seek lo improve the way we do Ihings. W• arn Holl$d¢.' Wg arg conc9med for the different aspects of people's lives and will providg support wherever possible. We seek to be alert to identfy ernerging needs and respond to them in a flexible and creative way. We ar• Compasslonate.. We use our oUrC for the benefft of the families always taking care lo make our services affordable and accesslbl8. Family Space Family Space is open daily to local families children (from O-51 offering a range of facllffjes, activities, programmes and support available. Any famity can come in on our Dro In days. where children can use the Sensory Room, Ball Pcx)l and different toys and books in a safe environm8nt, whilst parents can meet in a friendly Communty. Staff and volunteers are there to welcome families and make them feel comfortabl&. St vinnt'S Famity Project
Tru$t••$' rèport Year to 31 March 2022 Actlvltles. $pe¢lllc oblectlves and r•l•vant pollcles Famlty Sp•Ge fcontlnued) Each year w8 offer a range of activities that support leaming, and our stsff can holp parents id8ntify any issues around their child's learning and language at an eaty stage. We have a dedicat Sensory Room for support with children who may have special educational needs. For parents, throughout the y8arwe offer a range of parenting courses designed to fli drfferent ne8d$, in group settings, which help parents to realise they are not alone in the many challenges and responslbSlltles facing them. We a150 have programmas to h81p families wllh preparing nutritional, affordable meals for young chlldren, including dealing with issues such as havlng fussy eaters, obeslty and ml hygiene. We offer a crèche to familigs who n8od support to allow them to have timo to do other things. We have offered Iree massage. exercise classes and i)ther options for parents who need a break. Our staff a150 provide one lo one Support for vulnerable families $tnJggling CoMpX issues, tyPICo1ty, finances. poor housiro. relationship and heafth brnakdowns. including mental heallh. They give tlme and pracllcal help lo deal wtth problems or support the famllies to bring in additional. specialist support. St. Vincent's Family is part of the South Westrninster Family Hub, working closely with 8 range of partner agencies to strengthen the support families receive. SAFÉ SPACÉ A place io bring}oung hlldren ittat Is wel£omiDg. roduces srKial isolaiion. Is Slife and 5nclusive Ji RESILIENT FAMILIES suppor4T Support is confident al, nonsts8maiizin& availablE when familie5 are re8Orffor li geTrièfOUS, holi%iic. and fl@X1ble TIIGRAPY LSARNING To hawe experi *e.Ip to overcorne dee.D rooted rrtobierrs thar preveni farnlljpb froty bo.'n% Etritir bcsi Skills, and confidenco to childrefj tho best ex?vrience of paIen11ng Ihpy car. IIAve St Vin¢ent's Famity Project
Trusts•$' roport Year to 31 March 2022 Actlvlti83, 8p•cific objectives and relevant pollcl•$ {continued} Creatlve Arts and Drama Ther•py Many children in sch1 struggle because of emotional, mental or behavioural issues. For very young chibjren this is exlremgly hard to understsnd and to articulate in order to get help. Sl Vincenvs Family Project provides creative arts therapy for young children in local primary schwls. Using drama. arts or dance, our therapists support young childrgn to use play to express themselves, in which the therapist then helps thèm to further express the thlngs that are causing them to struggle. become aware and tske ¢onlrol of Ihem. We use both experienced. qualified therapists lo help children in the greatesttfifficulty as well as sUpeIsed students for children with less intense problems. Our thèrapists work closely wlth schools. carers or par8nts and can provide group wor1( arKI online family thwapy sesshjns. Creative Arts and Drarna Therapy tuOeftbtrw]E ttter edu(¢Tlma 13 o rwITIry. tc tomibE' or ¢AYI thy ¢rth stutKffjts rtts Voluntoer Space we have a robust voluntsering programme that provldes a range of volunteering aclmties for local residents, corporations, Iherapeutie placements, Student Interns and those wanting to make a drffeffjnce within the community. • Roles in¢ludo direct work with families, administration, marketing and lundraisir4J. + Volunteers can see how a charity works within arb urban. hyper4ivers8 context. • Volunteers discover our Vincentian values and can in¢orporale them and their corresponding beh8viours into their good reltINe pr8cti¢e. St Vincenvs Fami Project
Tru$to•s' r•port Year to 31 March 2022 Actlvltles, spgclfic obJg¢tlvgs and relevant policiès {conllnuedl Equal opportuftitles St Vincent's Family Project Strives to apply the prInp1a of equal OppOrtune$ throughout the org8nisalion, and to that end regularty reviews ils Equal Opportunitiès & Diversity Pollcy. The charity is pleased to welcome families, especially Ihosg expgrign¢ing difficulties. irrespective of age, sexual orienlalion, ethnic orlgin, gender, religion or status. Its aim is always to help those who would otherwise find themselvos marginalised and excluded fmm the means of support they need. The charity aims lo apply equal opportunities for both paid staff and volunteers. Safeguardlng chartty recognlses the need lo protect ¢hiklren from ham and promote their w8Kare and to thal end maintains a robust Child Safeguarding Policy. All staff and volunteers are required to be checked through the Disclosure & Barrlng SeNk8 {DBS) and receive training in child and adull prol8Ction and safeguarding issues. As part of Ihgir induction process. thèy are required to read the charty's policies within the Empbyee Handbook andlor SVFP Policy Folder. Th• Impad of tho Covid-19 pandemlc on SVFP Our provision has been signrficantty affected by thè Covld-19 again this year. In April 2021 we had just restarted having Ih8rapists go into schools again ft)Ilowing the lockdown from the beginning of the year, and we were providing a mix of online and limited face to face sessions. Forfamilies. this ¢ompounded the stress of being isolated during the previous 12 months and one of the things wo focused on was providing a8 many physical acttvitigs as possible during lh8 summer. With support from Change4Lrfe wg finishgd thè summer wlth a 34lay Olymplcs for families held in St. James Park. At th8 Start of the autumn term. we had a new post in our structur& of Therapy Programme Manager. This was ¢realed to support the increasing demand from schools and from families for support with mental health issues. exacerbatèd by the tsyo years. During the year we supported S additional schools (11 in totsl} and ueated therapy programmes for parents, both for group work and one to one using creative arts therapies. Our S8pl8mb8r programme was beginning to look more like our pre Covid-19 programme with f8C&tO-face activities 5 days 8 week. with Iheraysls starting in the local schools. We were still using online moelings and sgssions, but there was 8 signrficant retum to fac tface work. Because we h8d worked, rf more intensivety. with fewer families than before the pandemic, we were anxious that wè were losirwj the numbers we previousty had. which was tru8 of many organisations. So, we focused on som8 outreach work in partlcular areas and slarted lo plan to relum to having an open Dropln, i.e., where families could just call in without having lo make an appoinlmenl. Unfortunately. a rise in Covid-19 cases, anxiety over the Omicron variant and some staff illnes5 in early January meant we pul off our Dropln relaunch until April 2022. W&stminster has one of the poorest vacdne take up in the country so olhor than affecting how we worked, w8 have also worked to engage familiès reslstant or unsure about the vaccine, to consider valid reasons for taking11 up. St VincenY8 Family Project
TrustMs' roport Year to 31 March 2022 Achlovements and pgrfom)an¢• Impact of F•mlty Space In 2021-2022 Numb&rs benethng from offeredprogrammes Wo supported 66 families this year. 46 h8ve Engli8h as a second languag9. 27 are slngle parent families. 22 dwferent nationalTii8s. A¢tlvltylProgramm• Numbgrs attending Parenting Pr(%Jramme 27 Healthy Living Programme 26 One to one support 31 Group Therapy ontoone therapy Crècho 49 My Bilingual Child Course St Vincenvs Family Project
Trustees, report Yaar lo 31 March 2022 Achlevoments and rfOrnian {continued) Other activities In January 2022. we felt able lo have ourfirst external trip out with famlll8s slnce before March 2020. Beeen January and March 2022. we took famih'es to the Horniman and Docklands Museum and to the Chkkenshed Theatre. Summer Otympics Notable for being our first big groLtp activity since the start of the pandemic, we had a 3-day event for famllles whkh Included friendly competitlorbs. art and picnlcs. We were very well supported by Change4Lrfe in putting this together and providing 'medals' tg our young athletes. Ghrislmas 2027 Atihough social restrictions and the rise in Covld-19 cases limited us, we were able to provide some Christmas celebrations with our families. This included a trip to the Chelsea Theatre lo see th8 Dick Whittington panlomlme. a vlsii to Wlnter Wonderfand and our grotto. Wè are extromety grat8ful to the support for tickgts. childr6n's presents, ChrSstmas decoralions and fwdlprovision hampgrs. Partnehlps Strategically. SVFP continued to be part of the Integrative L8adership Team that fonns the South Westminster Fomily Hub of Early Years services. Again it has been helpful lo be part of this lo track the changing situation with Covid-19 and how other serylces Interpreled and r8sponded lo changes to guidelines. We have also been actively involvgd in wntributing the boroughs Early Years strategy for the n?xt 3 years from 2022. It has been a good year for operatlonal partnerships to support families.Tha Cardln81 Hume Centre and Shelter w8 have worked with around support requirlng sp8cialisl1ogal knowledge and help for drfferenl families. The Westminster Food Bank, Pret A Manager, Westh)inster Abbey Centre have supported our help wllh f8milies in food poverty. We partner with St. Marylebone Educational Trust to support famllies with school age chlldren wlth the costs of unifomi and equipment. Chan4L$le partnered with SVFP this year whlch helped us deliver programmes and events such as our summer oW1p Games as well as supporting staff training. Thls programme was developed as part of our focu5 on h&alth and wellbeing. One to one Support This year saw anolher increase in the number of familias we have provided one-tone support lo. This Is where a family has i$suos other than around parenting andlor has multipla issu&s. Typically, these are housing. income, relationship conflicts. many Involwng 8UPPOrt to advctale for families and help steer them through administration and processes. As almost half of our families, parents don't have English as a first language some support here is common as is emotional support, simply because of Ihe cumulative effect of pressurès on famllles. St Vincenvs Famlly Project
Tru$tsos' roport Year lo 31 March 2022 Achlgvgmgnts and porforman¢e Iccfitlnued) One to one Support (continued) 18 of Ihe 31 familles receiving one lo one support also had other. malnly statutory setvices, Involved. Generally, our experience of partnership working again has b8en positive which has helped families who have been anxious about dealing with them. As with the previous year we have continued to do what we can lo support families on low incomes struggling with the increased cost of living. We wère very grateful to th8 Marylebone Educational Trust who provided a grant of £2.000 lo be dislribLrtfrd lo our families ft)r school uniforms as well as other support8rs providing food. provisions. children's clothing, nappies, Chrisknas gifts as well as individual emergency grants. Out¢omos andleedback from families We asked familios to gwe feedback on five main qugstions but asked them lo make other comments 8180. Did SVFP reduce isolation? . A8ree Strongly agree Neither agree or disagree °Meeling the otherp8rnnts gave mo confrtlence and allowed me lo swolisg, olso allowed my son to socialise and build his confid8n¢8 ' "I don't have any familyaround. I fe81 Gonnecled with otherpeoplg byjolnlng SVFPprograms, drop ins and créGhes." .1 love SVFP, they have raally been my support system fmm the past 3 years. They really do m8kg porenting eastsr8nd th8 SUPPOrt is always good. ' °The project has helped through diffKuk tlmes in mylrfe. the staff always check up on me and my child- 'Every litt18 helps and having a few bubbl8 $eSsn$ certainlyhelped duling a diffiGuR time but it also f811 overfy resliicted when all earty years settings were reop&ned but SVFP wasn't. They weffj helwng o lot during Covld tlm8 whh the l)ubble sessions. St Vincent's Family Project
Trust¢e8' report Year to 31 March 2022 A¢hl•vements and performan¢e {continuedl Outcomes and fgedbaGk from hmlll05 (continued) Reduce Stress, depression and anxiety Neithe¥ agree ordisagree Stronoy agree . A8ree .1 was a domestic abuse relatnSh, part oflhis was th8tmy ex w8s controlling m8 through the fact he knew I needed help with childcare. SVFP crèche and gmups havg gave m& the fre8dom to work 8ndnol rely on my abuwve ex. He now onlyhas conlactwith ourchild thro1h a third party and I have no direct contsct with hlm, fhis wouldnl have been possible without the SVFP crèch?. "In Ihe last 3 months il's been wonderful knowing there Is proper support b8ck. I wanted to choose 'strongly agree, as il massiv81y h8lpgd but thgr9 wer8 also big gaps where I felt let down due to overly draconian restrictions that felt oul of proportion ° "They help 8 lot with crèch• which allows us freg lin lo organise pgrsonal appointments Ilk8 physiotherapy...al$o through theirprograms {positNe parenting...). Improve parenting confidence Neither agree or disa8ree Strongly agree . A8ree St Vlncent'$ Famity Project 10
Tru$tso$' rnport Year to 31 March 2022 Achi•vements and pertomiance Icontinuedl Outcomes and feedback from famllles (continued) Reduce family conflict NeitheragrÈe or disagree Stron8ly3gree . Agree Disagree '1 feel a gffjot extension lo the great therapy provi&on would be lo add some couples, theraples too. Love SVFP'S holisbc approach but it would b& bett&r to include the couple together where necessary." Improved children's Development Neither agree or disagree Strwgly agree Agree Disagree 'Soalln9 WAlh other childr9n al a similar age has helped build my son'$ confidenc$ and he Is saying more words th8n he dld b8for8" My childron impmve theircommunicalion, language and socialisation hern.- St Vincent's Family Pro11 11
Tru$tees' report Year to 31 March 2022 Achi•vements and porfornianco IntInued) Outcomes and feedts from famllles (continued) Other ts)mments'. es. my lrftle on8 8nd I fe811ng very satlsfled wlth the team and thp way they treal Ilttle ones." hank you for Ihe work you do and the seThlces you offer, it is reaty 8 lrfe s8ve for peop who are not elIgle forotherseTri¢es/canY afford childGare° -1 think of them as my famity when I dc¥ have any here in this wunt efore Covid, SVFP was a lifeline. Hglpedme cope with PND, provided a safe space to talk. great sen*Wry and other development optn$ for my baby/foddl8r, pmvided much-needed respite with c(NJrses and crèche. also enabling real friendships to bft fom7ed during those s&sOn$ that werenl possible at olherplaygmups. P8ndamic h8s changedourw8yS to Ilve. and the truth isyou neithercan I saywhat is the best or lh& Vr&I. Howev8r, I think thot thom should be more options for Ilttle ones to slay conno¢tsd andplay with eaGh other instead ofslawng with theirmolhets. Thank you forthe workyou do andthe sernces you offer, it isreally a lrfe save forpeople who are not eligible forolher services/c8nY 8fford childcar8 I think Ihem as my family whgn I dony have any hern in this county ft's my second hom&° "I feel that SVFP'S strgngth is GOrtn8cting people, but also suppOn9 family units of many descriptions in 8 holistsc manngr, particularty foGu&ng on the motherfs w8llb&ing which is comp18t8ly overtooked in fhis counlry both medically and othenvise. 11 pmvidgs valid8tion as W811 as encour8ges goodparents'ng proctices and cr88les networks ofsupportAve friendships that org Gmcial to raising a child in a city away whgrg ono can feel isolated, particularfy l)ut nor only, beingawayfmm a bwerf8milystm¢lur&. I feelimmense gratitude to SVFPft>rbeing myLondon family, pullingme out ofsomg verydark tim8s 8ndh6lplng me b& tho gOlM01br I want to be.- Cr•atlve Arts Thernpy The year started for us with reUlng for a Therapy Programme Managerto help with our alm to increase the provision of creative arts therapy to young Children and vulnerable families in our area. Having seen tho benefits of online therapy duiing CovKY-19 to parents. we wanted to use il much more broadly givèn the negative menlal health impact of the pandemlc. Noèlle Adames, an experSenced Dramathwapisl. was appointed and has managfrd our Ih8rap8utic offer since late summer, where we have segn a big growth In the mentsl health support we have prevbusly offered. We continue io work in local prlmary schools, and this also has increased and this year, as well as arts or dramatherapy with individual children and their families, we provided support to an entire school year, including staff, folk)wing a bereavement. Al that school 60 individua received somg form of therapy. Sl Vincenfs Family Proi¢ct 12
Trusto9$' rnport Year to 31 Mar¢h 2022 A¢hlgvgm•nts and p•rfomi•n¢• IconlinL*dl Creatfve Arts Therapy (continued) 01 the 10 other schools. this year we h8d 43 children rgceivlng therapy. There was about tho same number of boys to gids receiving Ihorapy. 12 families also received therapy this year. We had groups sessKJns at our project and 81s0 at the Bessborough Hub {fornierW Childrèn's Cenlrel. Settlng up the groups timed with the anxielios around the Omicron variant and the rise in Covid cases around the New Year. With the general slNggle to encourage families to comè out agaln, thls Is lower than we would like. bul are confident th18 wlll be 888ler for the coming year. We have bggn vgry lucky. notjustwith Noèlle. butwith great therapists and. this year3 student therapists. Voluntoor spaco We have a srnall staff team al SVFP and very mh rety upon volunteers and students lo support our wcffk. Volunteers come from drfferenl backgrounds wilh a range of skills and exp8rlence, providing help acros$ diffgrent aspects of our work. The volunteers were invofved across a range of activities including onling and face to face parenting courses, one-l¢>one support, fitness sessions. bubb (group) sessions, DrO1n sessions, crèche, outreach. datsbase management. back office. Dental workshops and events such as sports day, social m8dia and communication. Thls year we had 20 volunteers in lolal including 4 students came for a voluntary placement and voluntary inl8mship. Thls equated lo 2,554 hwrs of volunteered lime to tho charity, valued at £28.221.7 {based on London Living Wage). In addition. g Trustees gav6 tim8 outslde of the scheduled board meetings and planniro days during the year. Al of our volunteers are ablo lo be rgimbursèd for their travel expenses incurred on behalf of th8 charity. St Vin¢enl'$ Famlly Project 13
Trusto•s' r•port Year to 31 March 2022 A¢hl¢vom¢nts and rfoan¢• (continued Fundrnlslng Because of the surplus we had at the beginning of the year, we were less active with fundraising this year. Our main source of income came from funders who were either local with an intérest and knowledge of Westminstgr and our work. More directty affected still by Covid-19 was income from indNidual dcnations, events and other activrties. because of r88triction8 and later. a18ck of Gonfid8nGe of peop retumlng to normal Ilves. W9 are hoping for the start of Spring to be the r&tum lo b8ing able to be more active and have greater numbers coming through our dijors. Flnancial review Results for lh• yoar A summary of the results for the year to 31 March 2022 Is glven on page 25 of this 8nnu81 r9POrt aThJ financial statements. During the year, income lolalled £263,483. {2021 £372.0351 of whith £130,669 12021 £82.100} was reslricled. Donation Income amounted to £237.875.12021- £367,3411- A g(*)d d981 of our incomg al tha start of the year came from the previous year's efforts so wo started the year very well and have contlnu8d to bo abl8 lo meet our expènditure target, malnty through grants and donations from local Trusl funds. We feceived support towards our development of onlin8 family therapy for families in W¢stminsler impacted by Cowd-19 and as noted, partnered the Marylebone Educational Trust lo supply grants for school ilems for families with children of that age. Expenditure lotalled £314,27812021- £269,027) and includ¢d stsff costs of £244.037. (2021 - £205,363), premises ¢osts of £33,64312021- £31,436), and recruitment and training costs of £2.535 {2021- £7221. Flnan¢lalpo$ltlon At 31 March 2022, the charity had total fvnds of £9,648.12021 - funds of £60,443). Of this lolal. £nil12021 £nlll were restricted funds held for specific purposes as specified by the donor. Unrestricted fijnds were £9,648 {2021 -£60,443), wlth free reserves (unrestricted funds excluded tangible fixed assets) amounting to £9.648 Reserves poll¢y The charity is highly comrn6tted to 8nsurfng a continuing service to the children and families reliant on its services. In order to provide sufficient flexibilty lo cover temporary shortfalls in Income due to timing differences in &?sh fl(Iws and to r68pond to unforeseen events. the trustees aim to maintain general reserves equal to al leastthrge months of axpgnditure. which equates to approximal8ty £79,000. The trustees 8¢knowleiJge that whllsl ther8 is a shortfall for the free reserves requirement, th8 charity has generated sufficient general funds to eliminate the accumulated deficil brought fward and has almost mel the tsrget to have at least three month's expenditure in reserves. st Win¢enV8 Famity Project 14
Trusto8s' r•port Year lo 31 March 2022 Flnancial revlow Iconlinuedl Going conGem assessment and response to Govld-19 The Prolect continued lo be affeGted by thè Covld-19 pandemic durlng the 2021-2022 year, especially around Christmas and New Year. From Awl 2022, the Proj'ect was able lo remove ell social distsncing measures. wilh the intention of bringing families back in and restore the community il had before the pandemi began. 110150 launched a focused outreach of familigs around South Weslminsler, who may have not been out or who were new families. The Prolect belleves this will start lo increase our numbers an(J overthe Goming year become closer lo what It was bèfore March 2020. The Project conunues to have good relatnShIpS wlth supporters and its increased work in $overal schools means it has an enhanced role to play in how they manag8 the well-being of Iheir pupils. Our therapy programme has benefitted from having a dedicated Programme Managerand is looking to continug to offer a range of programmes to meet Ihe different needs of childron and families, The Pmject was agaSn reliant on Trust frjnds durlng 2021-2022, bul wlth social distancing restrictions ending. il 15 hopeful to cary r different activrties and have ev8nts which will add Some diverse income sources. Futuro plans Through 2022-23, St Vinconvs Famity Project will aim lo achievo tho following objective$= Continue to develop or offer creative arts therapy to improve the mental health welt-being of families and childre To reach oui to as many vulnerable families. isolated during the pandemic. to be aware of us and to encourage them to com8 lo restore the project as a community for families Provide a new range of fun hgalth rglatsd programmes forfamilies and children, induding support to families affected by Covld-19 Develop a pack8ge of help that will support familias most Impacted by the cost-of-fiving crfsls Embed our Dad's Space programme to encourage fathers to b& Invofved in parenting and gel Support when they need Revlslt our plans for broadening Sources of income e.g., by utilising our space more, or through joint initiatives with partners. St Vincent's Famlty Project 15
Trust••s' roport Year lo 31 March 2022 G0manCe. structure and managemont Governance The charllablg company, which is govemed by 8 Memorandum and Arucles of Associati¢Jn, was incorporated as a company Imited by guarantee (Company Registration Number 07638620 (England and Wales)) on 18 May 2011 8n(J is 8 registered charty Icharty Registration Number 11420951. The sole momb8r of the company. and thus its parent 9nlity. is DCSVP Services, a registered charity (Charity Registration Number 11493261 and 8 company Ilmited by guarantee (Company Registration Number 07838065 (England ond Walesl}. sel up by the Daughters of Charity of Sl Vincent de Paul, to safeguard the Vincentian ethos in various projects such as Sl Vincent's Family Project. In the event of Sl Vincent's Famity Project vAndSng up, the member is required to conlributs an amount not exceeding £1. Potential SVFP Irustees Bre sourcèd via suggestlons from the Chair, trustees and the Chief Exaculive. Potsnti81 candidates are then interviewed by the Chief Executive with an initial recomffv&ndalion to the SVFP Irustees. The next stagg is for an intervlew by a tnjstee. The candidate is then asked to attend a trustees. meeting as an observer and asked to make a short statement to the Iruslees, followed by questions and answers by the (andNlale and twslees. Tha trustees take a majority vole on whelher lo accept the candidate as a trustee. A new trustee must be approved by the Board of DC services before they cen be appointe(l. On appoinlmgnt. thè new trustse rece195 a short induction. and thèy are DBS checked. The names of the eight trustees who served during the year are set OLrt on pag6 1 of this report and flnancial statements and brief biographKal details on each ofthe trustees are given b81ow'. Ms Christin8 A88r8-Owusu Christina AsareQwusu has been a member of th8 congregation al the Methodist Central Hall forover20 years, tgaching in the Junior Church (J C Llv81} for over 15 years. She Ss a member of the Church Council, the Events Committee. a Pastoral L6ad8r, and the Secretsry of the Friends of Westminster. She 15 also a School Govemor and serves on the Independent Education Appeals Panel for Wandsworth Council. She wc*ks on the News Team at the Mail ) Sundoy. Te8& Crowley Tergsa works as a Pastoral Llaison Officer and Careers Leader al Notr6 Dame School. In both roles she deaLs wllh outshle agencies and Is a school Ilalson for many different Jsines5es, charities and local aulhority agencies. Teres8 has 8 degree in Social Sciences and 8 Post Graduation Qualrficalion in Careers Leadership. She bves herjob at Notre Dame working on enrichment proj8cls with the sludonts which includ8 programmes like.. an art prolect around the First World War that was exhibited at The Guildhall. a dance project wth Rambert which saw the students perforni at their studio and writing a book of memories %wlh the Socal elderfy day cèntre. Sl Wincenvs Family Project 16
Tru$t••s' r•port Year to 31 March 2022 Govornanc•. slructurn and manag•m•nt Iconunued) Gov•rn•n¢e (continued) Sister Liz Ferrie Sister Lrz Ferrio has served the Daughters of th8 Charlty of St. Vincent De Paul for 53 years. Sho is both a qualrfied Nutsery Nurse and RGN for adults. Her working lrfe is one of caring for peopk of every age and t£Jndititing. She h8s also travelled ¢onsiderabW for her work for humanitarfan cause8.Having spont 6 years in Paris as English speaklng Secretary sh9 returned to England where shè has been working on resoar¢h for the Daughters of Charity. Philipp& G1 Phillppa Gitlin work6d both as a CEO and truste& In the UK charity sector an(1 served on 3 School goveming bodies before retsring in 2010. Since then. she has served on the board of a Fren¢h Charity addition to providing consultancy on govemance lo other chariltes in the UK. She was also until recently a trustee of FARA Foundation UK. a charity supporting servKes lo severely disadvantaged children and families Ilving in povety in Romania. Sister Kathlean Kennedy Slster Kathleen Kennedy entgrod the Daughters of Charity of St Vlncenl de Paul in 1966. She worked in residential chlld care for fourteen years, after which she ran a pre-schcK)I group In a primary school setting. She qualrfied as a teacher with Bachelor of Arts with Qualtfied Teacher Status IBAQTSI and laught in an inner city primary school for srxleen years. She worked as part of a cty wide Evangelisatlon Team in Hull before being appointsd to the Provlnclal Council of the Daughter8 of Charity. Deacon Ali Mcmillan Deacon of the Methodist Church al the Melhodlst Central Hall, Westminster, Deacon All Mcmillan had bn a Teacher in Secondary Schools and Sixth form colleges befor8 joining the ministy. She has through her pastoral &livities worked with all age ranges in the community. Ifeoma Okafor Ifgoma OkafLY'S first degree was in Microbiology, but she then went on to complete an M In Financial Economics and Is now a Financial and Accounting Reporting Manager at Standard Chartered Bank PLC. She has a backgrourKI in supporting Charit$ work and coaching people into employment. Joanna Worm&ll Joanna Womiell. having comploled a fi1 degree in Russion, was admitted as a soliulor to the Supreme Court of England and Walès in 2002. Slnc8 2007 Joanna has worked for RBS and currently holds the posf(bn of Managing Director, Global Head of Compliance, Capltal Resolutlon. Though a very experienced Iraveller she lives in South Weslminster. Rosemary J8ckson Rosemary Jackson works 8t Mastercard International and holds the position of Sr. Vico PresidenL Real Time Payments Solutions. Working for Mastercard for 20 years, based out of Sydn8y, Singapore and now London wrth experience across various roles covèring software managemanl, customer project Implementation, business anatysls, migratlon of core banking systems. testing and rease management, working closely with banks in the UK, Nordics & Baliics, Middle East Africa and Asia P8cffic markets. st Vincent's Famity Project 17
Trusts•s' roport Year to 31 March 2022 Gov•rnanc•, structure and managem•nt Icontinuedl StN¢tur• andmanagem•nt reportlng Th6 ultimate responslbility for th& charlty Ilos with the trustees. The day-to4ay management is debgated lo the Chief Executive. Meetings are helll regularly with the trustees. servlce users and the $18ff team to ensure the quality of service and the aims of the charity are being i. Key manageMt The trustees conslder thal they together wlth the Chief Execullve comprise the key management of the charity in chargè of dlrectlng and controlling, running and operating the charity on a day-trpday basis. The pay of the Chief Execulive is revlewed annualty by the trustees. Rlsk managwnent The trustees undertake an annual revi8w of the principal nsks and uncertainties that the Charity faces categorising the risks between Ih¢)se affecting the govemance and management of the charlty, operational risks, financlal risks, reputational risks and those whi¢h occur because* of ¢[UmStanceS outside of the charity's control such as changes in vernment policy, laws and regulations. They regulaty review the measures already in plaoe. or needing to be put in place, to estsblish policies. syslerns and procedures to mitigate those risks idenlrfigd in the annual review and ensure that action is taken to implement chan9es lo those policies. systems and procedures should th8y be needed to minlmI8e or manage any potential Impact on Ihe charty should those risks matsrlallse. In addition lo the risks associated wth Covid-19 Isee above), the trust88s have identitsd five main areas vthere risks may occur: governance and managemenL op8ration81. financlal, reputstional and regulatory. GovgmanGo and managomont bok at the risk of the charity. suffering from a lack of d1CtIOn, al tho skill$ and training of ils members and staff, and the good use of its resources. Operatlonal looks at the risks inherent in the charity's act1vl1 Including any potential shortcomings in the services provided. stsffing, po¢y hoatth and safety, and the disaster recovery plan, etc. Flnan¢lal rlsks IrKlude those arislng a8 a r8suII of poor bUdtary control, Inapproprlate spendlng, poor accounting. eto. Roputstional looks al possible damage to the charity's reputsllon. Regulatory looks at the effects of govemmenl pol5&S, the consequen¢es of nOn-mplIanc8 with laws and reguL8tions ancl poor risk assessment. Having assessed the major risks lo which the charity is exposed, the tnjstees believe that by monitoring reseNe levels, by ensuring controls exist over key financial systems. and by examining the operational and business risks facgd by tho charity. they have estsblished effective systems to mitigate those risks. St Vin¢enVs Famlly Project 18
Trusttt8' report Year to 31 March 2022 Govoman¢g. struGturg and management Iconlinuedl Rlsk management (conflnued) However. they acknowledge al80 that the charity's activ19$ ex58 it lo a varfety of financlal rlsks. The charity has in place a risk mana9emenl programme that seeks to identify and mitigate the effects of the risk on its finances. The principal financial risk remaSns the impact of the general economic conditions arKI 115 impact on chariiable funding. Whllsl the current Ve1 of funding for2022-2023 swgesls that the charitywill r*a¢h its income largets, the trustees remain mindful that continued efforts need lo be made to altracl new l)Jndlng and 8ddltlonal InCrne streams. The other key risk for the charity, as id8ntlfie(I by thg trustees, arises because operalionalty the charity works with Childn and vulnerable adulis. The trustees re¢jnI$e the absolute necessity ofensuring the protection and safety of all those that the charty seryes. This means that all those who Work or volunteer for the charity and work with Children or vulnerable adutts must obtsin clearance from the Disclosur8 and Barring Service (DBS). statement of trustèès, responslbllltles The trustses (who are directors of St VinG9nVs Family Prolect for the purpo$8s of company lawl are responsible for preparing the trustees. report and finarbcFal statements In accordance with applicable law and United Kingdom AccntIng Sland8rds (United Kingdom Generalty Accepted Accounting Practice). Company law requires the trustees to Ppare financial statements for each financial year. Under company law the trustees must not approvè the financlal slalemenls unless they are satisfied that Ih9y a true and fair view of the state of affairs of the chatitable company ar of th8 income and expgnditure of the Charitab company for that period. In preparing these finanaal 8tatem8nts, th8 trustsos are required to: select sultable accoLtnling policigs and then apply them consislenlly. observe the methods and principles Sn Ihe Accounting and Reportlng by Charilles: Statement of Recommended Pradic6 applicable to charities preparing their financial slaternents in 8ccor¢Jance with the Financial Reporting Standard applicable lo the Unitgd Kingdom and Republic of Ireland IFRS 102}', make judgements and eslimales that ere reason8bl6 and prudent. slate whether applicable United Kingdom Accounting Standards have been followed, sublecl lo any material departures disclosed and explalned In the flnancial statements; and to prepare the flnancial slalem8nts on the going concem basis unless il is inappropriate to presume that the chartiable company wll continue in operation. St Vlncenvs Family Project 19
Trust•8s' r•port Year to 31 March 2022 GovgmanG?, structure and management Iconlinued} Statement of trustees. responsibilities (contlnuedj The trustees are responsibl8 fly keeplng adequate accounting records that disdose with reasonable accuracy al any time tho financial posrtion of the charitable company an(1 enab them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the ch8ritsbk8 company and hence for takiThJ reasonable steps for the prevenllon and do18ction of fraud and other irregularfues. Each of the Irustees ¢onfims that.. sofar as tho IrLtstee Is aware, the Is no relgvantaudit information of which the charitsble company's audrior is unaware,. and thè trustee has taken all the steps thal helshe ought to have taken as a trustee In order to make himselflherself aware of any relevant audit infom)ation and lo establish that the charitable company's auditor is aware of that infomialion. Thls confimialion is given and should be interpreted In accordance with the provisions of s418 of the Companies Act 2006. Approvgd by the trustees and signed on their b9haif by: 'fft Trustee Approved by Ihe tmslees on.. st Vin¢enVs Famity Project 20
Indgpendent auditor's r•port Year to 31 March 2022 Ind•p•ndent auditoes r•port to th• member of St Vlncent's Famlly ProJe¢t Oplnlon WB have audited thè financial slalements of St Vincent'8 Famlly Pl¢t Ithe 'charitablg comp8ny'l for the year ended 31 March 2022 which comprise the ststement of financlal activities. the balance sheet. the slalement ol cash flows, the principal accounting policies and notes lo the financial statements. Thè financial reporting framework that has been applie in their preparation is applicable law and United Kingdom Accounting Stsndards, including Financlal Reportlng Standard 102'Th8 Financlal Reportlng Standard appllcable in th8 UKand Republic of Ireland, {Unf(ed lfjngdom Genoralty Acoep19d AGGounting Practice}. In our opinion. the financial 5taternents'. • give a ITue and fair view of the state of the charitable company's affairs as 8t 31 March 2022 and of hs income and expendllure for the year Ihenendgd., • have been prorty preparod in accordance with United Kingdom Generally Acceptsd Accounting Practice: and • have been prgparod in a¢w[dan with the requirements of the Companigs Ad 2006. Ba$1$ for oplnlon We Gonducted our audit in accordance wlth Intemallonal Standards on Auditing {UK> IISAS IUKI} and appllcable law. Our responsibilities under thos8 standards are further described in the Auditorfs responsibilities for the audli of the financial statements section of our report. We are independent of the chorilabje company in accordance with the ethical requlremenls thal are relevant lo our audit of the financial statements in the UK including the FRC'S Ethical Standard, and we have fulfilled our other ethical responslbllities In accordance with these requiremen18. We believe that thg audlt ovldence wg have obtsin6d Is sufficient and approprialo to provide a basis for our opinion. Conclu8lon relatlng to golng Concern In auditing the finanThal slalements. we have concluded that the trustee$, use of the going conc&m basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not ¢denlified any material uncertainties relating lo events or conditions that. individually or collectively, may cast significant doubl on th8 charitable company's ability to ConnUe as a going Concem for a period of at least tselve months from when the financial $talem6nts are authorised for Issue. OLtr r6sponslbllftles and tho responsibilit5 of tho trustees with rgspect to going concem are described in the relevant sections of this report. Other Informatlon The trustees are resFonsible for the other inf0rnatk. The other inforniaticjn compri$gs the InfonY11tsTh included in the Annual Report and Finanaal Statements. other than the finan¢ial Statements and our audltor's rèport th&r8on. Our oplnlon on the financial slat8monls does not cover the other information and. except to the extent otherwise explicllly stalg(l in our reporL we do not express any fomi of assurance conclusion thereon. St Vincent's Family Project 21
Ind•pend8nt auditorf* report Year lo 31 Mofch 2022 Other inforniatitin Icontinuedl In connection with our audit of the flnanclal statements, our responslbilty is to read thè other information and. In dolng so, consider whelher the other information is malerSally Inconslstont with the financial statsments, or our knowledge obtained in tho audit or olherwse appears to be materially misstste(l. If we identify such material inconsistencies or appargnl material misstatements, we are required to d&termine whether Ihgr8 is a material misstslemenl in the financlal slalements or a mal8rial misstatement ofthe other infomiatKJn. If. based on the work wè have perfomied. we condude Ihalthere is a material misstatement oflhis other infomiation, we are required lo report that fact. We have nothing lo rekxjrt in this gard. Oplnlon$ on other matters prescrlbed by tho Cornpanlgs Act 2006 In our oplnion, based on the work undertaken in the course of the audit: the information given in the trustees. report for the financial yèar for whlch the financlal ststem8nts are prepared is conskstenl the financi81 slalements., and the trustees, report has been prepared in acrdanCe with applicable legal requirements. Mattern on vthl¢h w• ar• r•quirnd to r•port by èxcepllon In the light of the knowledgo and undgrstsndlng of the charitabb company and Its environment obtained in the COLtr5e of the audit. we have not identified material misstatements in thè trustees, report. We have nothing lo report in respect of the following matters in relatlon to which the Companies Acl 2006 requires us to report lo you rf, in our opinion.. adequate acUnting records have not been kept" or • the financial statements are not in agreement with the accounting records and retums- or certain disck)sures of trustees. remuneration specifigd by law are nol made., or + we ha not received all the inforrnalion and explanotions we require for our audit.. or • the trustees were not entitled to prepare the financ1 statements in accordance tho small company's reglme and lake advantage of the small comp8nies' exemptions in preparlng the trustees, r&port and from the requirement to prepare a strategicroport. Responslbllltles of trnstèès AS explained morefvllyin thg thrrnntoftrustees. responsibllities, lh8 Irustges are rgsponsible for the preparation of the financial slalements and for being satisfied that they give 8 true and fair view, and for such intemal control as the trustees determine is necessary to enab th8 preparatlon of financial statements that are free from material misstatemonl, wh91hor due lo fraud ¢y orror. In prèparing the financlal slalemenls. the trustees are responsib forassessing the charilable company's ability to continue as a going con¢em, disclosing. as applicable. matters related lo going concem and using Ihe going concern basls of accounting unless the trustees either intend lo liquidate the ¢hartiabk8 company or to cease operations, or have no reallstlc aMaVe but to do so. St Vincent's Family Project 22
Indopandent auditorfs report Year lo 31 March 2022 Audltorfs rg$ponslbllltlos for thè audlt ol the Ilnanclal statements Our objectlV8s ar8 to obtain reasonable assurance about wh8th8r the finanGial statements as whole are free from material misstslement, whether due to fraLKI or error. and lo issue an audltorfs report Ihal includes our opinion. Reasonable assurance is a highlgvel of assUr0r0 but is nol a guarantee that an audit Conducted in accordan wlh ISAS {UKlwill always detect a material misstatement when il exists. Misstatem8nts can arise from fraud or arror and are considered materfal rf, indSvldually or in the aggregate. they could reasonably be expected to inftuence the economic decisions of users taken on the basis of these finandalstatemènts. Irregularfues, Including fraud. are instsnces of non-compllance wlth laws aThJ regulaOn5. We design prwgdures in line th our responsibilities, ouuinod above. to detect material misstalaments in respect of irregularitiès. including fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud is detailed below. Our approach to identifying arbd assessing the risks of material misstatement in respect of Irregularities. induding fraud and nOn-¢rP11ance wth laws and regulatlons. was as follows.. th8 Senlor Statutory Auditor ensured that the engagement team coll8ctivety had thè approprSal& compolence, capabililigs and skills to identfy or recognise non4ompliance with applicable laws and gUlations.. and • we obtained an understanding of the legal and gUlatOry frameworks that are applIbIg to the charitable company and detemiined that th8 most significxnt frameworks which are directly relevant to specific assertions in the financial slalemenls are those that relate to the rertIng framework IStatemeN of Recommended PractiC8.' Accounting aNJ Reporting by Charrtigs preparing Ihelr a¢nts in ac¢ordancg with the Financial RepCing Stsndard applicable in the United Kingdom and Rewblic of Ireland IFRS 102) and the Charities Act 2011) and safeguarding regylotions. We assessed the susceptibility of the charity's financial statements lo material misstalemenl, including obtaining an understsnding of how fraud might occur, by.. making enquiries of morwgemont as lo their knowledge of actual, suspected and alloggd fraud. and considering the Intemal controls in plac8 to mitigate rf8ks of fraud and ron-compliance with laws and guLatiOns. To address the risk of fraud through management bSas and ovethde of controls. we.. pèrfom)ad an81ytiC81 procedures lo idenllfy any unusual or unaCtsd raLationships. carrig(l out substantivg testing of expendllure Including the authorisation thoreof. reviewed joum81 entries to Ident unusual transa¢tion$ and substantlated these where 8ppropriate,' and assessed whether judgements and assumptions made in determining the accounting estimates were indicative of pola)Ual blas. St Vincenvs Farni Project 23
Ind¢p¢ndent auditor's roport Year to 31 Mar¢h 2022 Audltorfs rospon5ibilitios for the audlt of Iho flnancial statements Iconlinuodl In pOnse lo the risk of irregulaTltle$ antj non-compliance with law8 and regulauons, we dèsogned procedures whlch Included. but were not limited lo: revlew of the minutes of mgetlngs of those charged wlth govemance.. and enquiring of management as to actual and potentlal Illgallon and clalms. There are 5nherent limitations in our 8udit procedures described above. The more removed that laws and regulations are from financial Iransaclions, the $$ likely it is that we woul become oware of non-complian¢e. Audrfcing standards also limit the audtt procedures required to identfy non-compli8nce with laws and règulatlons to wUlry of tho trustees and other management and the inspection of regulatory and18gal correspondenc8, rf any. Material misstatements that arfse due to fraud can b8 harder to detect than tho86 that artse from error as they may Involve dellbfjrate con¢8alment or colluslon. A further descript of our r8$pOnsibilitS is 8v8ilable on the Financial Reportlng Councll's website al www.frc.org.uklauditorsresponwbilities. This description fomis part of our auditor's report. Us• of our rep¢rt This report is made solely to the charitsble company's member. In accordance with Chaptgr 3 of Part 16 of the Compan$ Ad 2006. Our audit work has been undertaken so that we might stst? to the charitable CoMpanS member those matters we are requlred to stsle to rt in an auditor's report and for no other purptsse. To the fullesl exlenl pemiittgd by law. we do not ap1 or assume responsibility to anyone other than the charitable Company and the charitable compon¥s member. for our audtt work, for this report. or for the opinions we h8ve fomied. Amanda Francis (Senior Ststutory Auditor) For and on behalf of Buuattjtt LLP, Ststutory Auditi 130 Wood Street London EC2V 6DL 12 December 2022 Sl Vin¢enV$ Family Project 24
ststem•nt of financlal o¢tlvltle8 (including income and gxpendfturo a¢¢ountl Year to 31 March 2022 2021 Total fiJnd$ Unr••tvl¢t•d Rostrfdod fund$ fiJnd$ Total Vnr•$knd•d Réstrictsd fund¥ lunds funds Note In¢0m•'. DOnaon8 and grarts lirKludirwJ Coronwrus J¢)b Retenticn Scheme ldIng) Bpnk iniero$1 Crèchtr and Creth"v8 Art Th8rapy fees MI¢14•0{4 Toljl incorno 132.688 105.187 237,875 289.442 77.899 367,341 28 25,482 25,482 120 263.483 4,201 4,201 120 132.814 130.669 289.935 82,1(KJ 372,035 Exp•ndlrn: Charflable adfvitie¥ . Prwsion of svNicè&to VUlnetsb 18milies thihlrÈn Totsl eXpendIrts 150,838 163,440 150,838 163,440 314278 S14.278 145,839 123,188 269,027 145.839 123,188 269,027 M¢llexpèndllur•l Inc•m• bgforg tran•f•r 118,0241 132,7711 150,7151 144.096 141,0881 103,rKJ8 Trwtsfèts b8h¥e8nfunds 132,7711 32,771 127,9901 27,9 NetloxpwtdMur•l InMm• and nèt moV•t In funds for tho y•ar 150.7951 150.795> 116.1( 113.0981 1Q3,(x)8 RKonGllizliDn of nts. BalBncè brought Iard at 1 AFffiI 2021 155,8631 13,1>98 142.5651 Blane• cathod 1orMrd at 31 Mah 2022 60.443 60,443 Atl rgcognised gains and losses included in the abovg stslement of financlal active8. Al of the charity'5 activities continued during the above tsyo financAal years. St Vincenvs FamSly Proje¢t 25
Balance Sheet 31 March 2022 2022 2022 2021 2021 Notes Flxed 4•8ets.' Tangibla assets 1,275 Debtors Cash at bank and In hand Totsl current as8ets 24.$69 52.037 76.606 4.961 107,199 112,160 Uabiliti•s: dltors.. amounts f8llin9 du8 thin one year N•t cuwrent assèts Illabllhlo$1 166.958} 152,992 59,168 Tot•1 n•t assets Illablllietyl 60,443 R•pr08•nt•d by: The fund$ of the thmY R¢stricted funds Unrestrided Thd$ . G8neral fund Totsl charrty funds 9,648 9.648 60,443 60,443 Approved by the trustees and signed on their behalf by= fp Trustee Approved by the trustees on: St Vincent's Famlty Project- C¢Jnpany Registration Number 07638620 {England and Wales) St Vincent's Famity Project 26
Principal a¢¢ountlng policies 31 March 2022 2Q22 2021 Notes Cthsh (ouffiowlllo frnm op•ratlng actlviti?$: Net cash provided by operatino activiti&s 155,162} 111,682 C•$h flm from flnanclng Repayrnent ofioan (60.0001 Change in cash and ea$h •qulval•nt$ In the year 155.1621 51.e82 Cash and ¢ash •qufvahnts at 1 Aprll 2Q21 107.199 55.517 Cash and rA$h •qulvalgnts 4t 31 Mar¢h 2022 52,037 107,199 Notos to tho sL*em•nt of cash flows for th• y•ar to 31 Mar¢h 2022 A RencIlIatIOn of n•1 movom•nt in funds to net cash flow provldod by operatlng actlvlllo$ 2022 2021 N•t movemènt In funds (as p•r th• stat•mtht of Iln4ndal actlvhles) Adlustm•nt$ for. D6precSath)n charge IlncTeasg1 de¢r8ase In dÈbtors Increase in veditors Not cash provid•d by op•ratlng actlvStles 150.7951 103.008 1,275 119,6081 13,966 155.1621 1,275 5,700 1,699 111.682 B Anatysls of cash and cash equlvalents 2022 2021 T4>tal and ¢o$h uivalents.. Cash at bk and In haThl 52,037 107,199 C Analysis of ¢hango$ In not d•bl At 1 Aprfl 2021 Cash At31 flows March 2022 Cash al bank and in hand 107,199 155.1621 52.037 st Vincenvs Family Project 27
Prfncipal accounting poll¢h$ 31 Mar¢h 2022 The principal accountlng policies adopted, judgements and key sources of eslimalion uncertainty in th8 preparation of the financlal statements are laid out below. Ba¥18 of preparation These financial statements have been prepared for tho ygar to 31 March 2022 with comparative information given in respect to the year to 31 March 2021. The financial Statements have been prepared underthe historical cost convention wlth Stems recognised at cost or transaction value unless Othgrnisg slatgd in the relevant accounting policies below or the notes to these a¢UnIs. The financial stalements have been prepared in accordance with the principles set out in Accountlng and Reportlng by Charfties: Statement of Recommended Practice applicable to charities preparlng thelr accounts in accordance with the Flnancial Reportlng Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS 1021 issued on 16 July 2014, the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The charlty constttutes 8 publiG beneffit entity as defin by FRS 102. The financral $tatem6nts are presented Sn slerllng arKI arg rounded lo the nearest pound. Crltl¢al accounting ostimates and ar•a$ of Judgement Preparation of the financial statements requires the trustaes and managemnt to make slgniflcant judgements an(J estimatss. The main judgement or estimate that has bgen made In these finandal statements relates to the useful economic lrfe of tangible fixed assets used in deterniining the annual depreciation charge. As$gssmont of going conc•m Thetrustees have assessed whetherthe use of the going concem assumption is appropriate In preparing thesè financial stalemenls. The trustoes have made this assessment in respect to 8 perlod of at least ono yoar from the date of approval of these financial statements. The Injstees acc8pt thal the financial position of the chadty contlnues lo require careful monitoring with free reserves still b8low that demanded by the charity's reservgs policy. The pw¥)d since the onset of Covid-19 saw the charity increase its income following previous yeats when f( had finlshed the year in deficiL During that lime, it established a good rel8tionship with funders who understood the charlty and provided regular support and showed fiexibility during the pandemic. Going forward the charfty Is looking to devebp more long-lemi relationships wlth lunder8, as well as diversifying olher streams. for example increasing ils donations stream, which was limited during the pandemic. The trusloes rgcognise that maintaining and increasing income will be challenging, bul the charity's work continues to be essential. especially glven the cost-of-living-CTlSlS. impacting families on low incomes. The charity utillsed the government Coronaviru5 Job Retention Scheme for a short while St Vincent's Famity Project 28
Principal a¢¢ountlng poll¢lu 31 March 2022 Assessmont of going ¢onc¢m Iconlinugdl In the meantime. the trusteès of the Oaughters of Charity of Sl Mncent de Paul Charitable Trust (Chartty Registration Number 2368031 Isee note 121 have confirme(I that, If necessary, Ihgy will continue lo provide financi818nd other support lo tho charty to enable it lo remain a going ¢oncem in tho short to medium term. Given this, the trustees are of the opinion that St Win¢enVs Family Projectwill have sufficient resources lo meet ts liabilities as they fall due. Income rocognltlon Income is recognised in the p6riod in whlch the charitable company is 8ntillgd to recgipt, th amount can be measured with reasonable cortainty. and it is probable that the income will be received. Income comprfses donations. grants, bank interest. crèche a1 Creative art therapy fees, income from olher trading activilies, and miscellaneous inme. Donations and grants are regnised when thé charity has confimiatSon of both the amount and SettMent dale. In the event of donations pledged but not received, the amount is accru8d for whore the receipt is Considered probable. In the ev&nt that a doTratn or grant 18 Subject lo conditions that require algvel of perfomance before the charity Is &ntitled to thg fijnds. the income is deferred and not re¢)nised until githor those conditions are fully met, or the fulfilm&nt of thos8 conditions is wholly within the control of the charty, and it is probable that those conditions will bè fUilled in the reporting period. Income from the Coronavinjs Job Retention Scheme is credited lo the stslemgnl of financial activities once the chadtable company Is entS118d lo the fijnding anil the amount receivablé has been quantid. In accordance the Charities SORP FRS 102 volunlger time is not recogni8ed. Donated goods are recognised at fair value unless it 18 impractlcal to measure this reliably in which case a derived value, being the cost ofthe item to the donor. is used. An equivalent amount is included as expenditure except where the donated good is a fiyed asset in which case the corresponding amount is included in the appropriate fixed asset category and dgpr9GlOted over thè useful economic Ilfe In acrdanc8 With tho charills accounting policies. Interest on fvnds held on deposit is Included when receivable and the amount can bg measured reliably by the charity.. this is normalty upon notification of the inlgrfrst paid or payable by the bank. Incom8 derived from the levying of charges for Crèche and Cr8allve Art Therapy and income from trading activities is measured at thg fair value of the consideration received or receivable. excluding discounts and rebates. Miscellaneous income 18 m68sured al fair value and aUnted for on an accrual's ba81s. St Vincent's Family Proje¢t 29
Principal accountlng poll¢l•s 31 March 2022 Eyndlture recognltlon Liabilities are recognlsed as expenditure as si)on as ther8 18 a legal or conslrudlve obllgatlon committing the charity to make a payment lo a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliobly. JI 6xpendlbJre Is accounted for on an o¢¢rual's basis. Expen¢Jilura on charitable activities comprises expendibjre on the provislon of a safe and stimu18tlng environment where parents and children can lake part in aGtivitigs togethèr and as indivlduals. Govemance costs are Costs associated wrth the governance arr8ng8ments of the charftable company that relate lo the general running of the charttable company as opposed to those costs associated with fundraising or charilablo activity. Included wthin this category are osls assorAaled with the strategic as opposed to day-to4ay management of the tharilable company's activities. Costs are appotloned based on Ihe number of sessions provided at the Family Project for each adivty. l expendlture Is stated inclusive of Irrecoverable VAT. Tanglblo flxod assèts l assets costing more than £3.000 and wrlh an expected useful life exceedlng one year are capi181ised. DepreciaUon Is provided at the following annual rato in order to write off each asset over ils estimated useful Itfe.. • Fumliure and equipment 25% on c08t Debtors Debt0 ar& recognised at Iheirsettlemenl 8nKJunt, less Bny provision for non-reo)verability. Prepayin8nls are valued at the amount pr6pakl. They h8ve been discounted to the present value of Ihe future cash recelpt wherg such discounting is m8terial. Cash at bank and In hJnd Cash al bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. r•ditor3 and provhlons Creditors and provisions 8re recognised when there is an obligation al the balance sheet dats as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlgmenl can be eslimaled rellabty. Credhor8 and provisions are recognised al the amount ihe charmy antlcipates it will pay lo Sett Ihe debt. They have been discounted to the present value of the fure cash paymenl wher& such discounting is material. St Vincenfs Fami Project 30
Prfnclpal accounting policies 31 Mar¢h 2022 Fund strudurn Restricted funds comprise monies raised for. or thèlr use restrlctsd lo, a speciftc puiwse, or contrlbulions subject to donor-1mp0s condillons. General funds represent monies which are freety available for applicallon towards achievlng any charitab18 purw)se that falb within the charitabl8 company's charitable objects. Leased assets Rentals applicable to operating leases where substantially all of Ihe benefits and risks of ownership remain with the lessor are charged to the stotsment of financial activities on a straight-lin& basis over the term of the lease. St Vln¢ents Family Project 31
Notes to the fln•n¢lal sL8m8nts 31 March 2022 1 Donatlons and grants (including Coronavirns Job R•t•ntlon Schem• funding) UnrHlrf¢ted Rtttvletsd fvndts fut)d# 2022 Total lunds eAtytfW8StmthstsrTN8t W8Stmlnster FOdOn westrn1nstsrrS1JuSes Weslrnin$terAmalgamated ESC Lottery FuThJ Merc8rs Trust Sl Maryk9bon• EducalianalTrust Mrs LD R¢¥)8 3rd Charity QuBk8rSoclalAcUon Strand Young WestTrMroier The St C-IhtrF1dd8 8ThJ Wllhm Shetton EtIonal Carity 4th)0 11.000 15.000 8,000 4000 21.r130 iooo 16,000 1A86 400 8,186 14000 21.030 14000 1886 186 is,000 45.085 s,000 40,000 s,ooo 30.000 21S187 Daugmers of Cty of stvIont de Paul Strand Parisl John LS Charty 110.000 104187 1)thor th)natic4)& 2BB 6.2BB Q286 )ronaruS Job Retention Sch8m8 ynt 18A02 IW2 2022 Total funds 132,668 104187 237.87S st Vin¢gnt's Farni Project 32
Notes to the flnanclal stst•m•Trts 31 March 2022 1 Donatl¢ns and grants (including Coronviru$ Job Retentlon S¢h•m• funding) Iconlinuedl 2021 Vnresth¢Igd funds RestriLed lunds funds City olWestminst•rTrust We5trninstÉT Foundalon W6strnln8terAmSses W88knin51erAmalgamvl8d IMM05 Foundation Mercers Trust St M8ryknbon6 Edational Trust R L GL8S8pooI Daughters of Charty cl StVirtcrt de P8uI SkBters ofthe Ht Cl& Sire CharitatAe Tru81 Th6 St GIles-itrTrFkIs and Wmiam Shellon EduGthonal Ch4rty Garfèld Wéston Found8Uc Edvrdrd Harv881 T81 John Lyons Charty 4.881 8.946 11,W28 10,000 8.CQO S0.(M)O 5,840 1,591 300 3.wo 15.CM)O 52,S35 11.928 10,000 5.640 1,591 15.000 52.535 14.487 14,487 lo,0 10,(A)O 30.(0 15.(0 5.000 165,526 30.(K)O 15,WQ S,IXJO 242.425 Hydo Path PPdC8 76.899 M8lhodlst Central Hall Daughters ol Charty of StVinc4ntdp P# OlherdrThlkAts 16,680 O,LMJO 18,348 95.028 16.e80 60.IXIO 19.348 96.026 1.0(KJ Cryvnpvwu$ Job Relentlon S¢hTh8 grant 28.868 28,886 2021 Totsl fldI 289,442 77,899 367,341 2 Charitable actlvltl•$ 2022 Ts)tal Unroslriet&J Re¥lrid•d fund8 funds fund 2021 Urmlritt•d R•S¢tOd fu¥KI¥ fund* nds Pr•vl$lon of $or¥l¢¢s vulnèrablo famllloj gnd ¢hlldrgn Staff Craalv?Arts Therapy Space vteerSPa Pmmtses Fumilur8 aThJ equlpment In5uranc• Printing, postsge, lel&phon6 and s0Y Recruitment and traIj Trav81 and Subs6 Pmf6sslonal fees SubsPtiOns GoVanCe Costs MSsc&lLanuS 2022 Ts)tal lund6 85.051 111196 197,247 46,790 4A54 83,932 94,874 178,806 26,558 1.756 76 31.436 8,855 3.3 4.454 3,080 1.7 76 31,436 8,855 3,391 3,340 3,505 ssos 3.9S7 495T 153S 32 3.982 3,821 722 3.821 722 3,982 5.267 4,200 2.237 150.838 3,531 1.882 6,624 1,610 145,839 3,531 1.882 6,624 1.610 269,027 1237 314278 113,440 123,188 St Vincent's Family Project 33
Notes to the flnanclal $tal8m8nts 31 March 2022 3 N•t income {exp•ndlturel and n•t mov•m•nt in funds forthe year Thls Is slated after charging.. 2022 2021 Staff costs Inole 41 Auditorf$ rernuneration lTrnduding VATI . Current year statutory audlt serylces Previous year D8precL9Ofl 24037 205,364 4920 6.624 1,044 1,275 1.275 A8 the charty is part of a large group.11 Is requlred to have ts accounts audited rather than an independent examination. The drfference behNgon the independent examination fee and audit fee is £1,100, which has been paid by the parent charity. DC Services. 4 Staff costs and rnmuneratlon ol koy management pernonnel 2022 2021 stsff costs duiing th• y•ar w•r• as lollows.. Wagès and salarios Pènsbn costs Soclal security ¢08ts 181,754 164.B11 3.518 10,477 178,806 26,558 205,364 11.650 197247 46,790 244,037 Contract staff The average number of employees. based on head count, was 8 {2021- 71 whereas thè avèrage number of employeos. based on full time equivalents, was 712021- 61. Ther8 were no employees who eamed £60,000 per annum or more {including benefits) durlng the year {2021- none). The trustees consider that they togelh8r with the Chief Exgcutive ci)mprise the key management of the charity in ¢harge of directing and controlling. wnning and operating the charity on a day-lo-day basis. The total remunerotion linduding tsxable benefits and empksyerfs p0nsic contribution51 of the key management porsonn81 for the year was £59.57412021- £58,719). No of Ihe Iruslees r1ved any r8munerallon in respect of Ih8lr services during 6ither year 12021-nonel. Expenses were £Nil reimbursed lo the trustees {2021-non81. 5 Taxatlon St Wincent's Farni Project is a registered charity and. thefOre, Is not Ilable lo income lax or corporatR?n lax on income derived from ils charitable activities, as il falls within the various exemptions availab18 to registered charities. st Vincent'$ Fami Project 34
Notes to th• finJncial statements 31 March 2022 6 Tangiblo fix•d a$$•ts Furnltur• and equlpment Cost Al 1)ri1 2021 and at 31 March 2022 D•pr•¢batlon At 1 45ri12021 Charge for year At 31 Mareh 2022 3.824 1.275 N•t book values At 31 March 2(r22 At 31 Mareh 2021 1,275 7 Debtorn 2022 2021 Oth•r dotlors Prepants 21.173 3.396 24.569 4,961 4,961 8 Crnditors: amounts falllng due wlthln one yoar 2022 2021 4.920 2A12 3.916 710 ss.000 66.958 5,580 2,412 knount duè to Methodisl Central Hal Inote 111 Social s•¢urily and other taxes Sundry creditors Dgfttrr income: grants recelved In athance 45,000 52,992 2022 2021 D8farrèd income at 1 April Amovnts released from prèwojs y•ars Re50urc8s dèfarrad in the ye Deferred nme at 31 March 45,000 145,0001 45.000 45,OLX) 145.0001 55,000 55,000 Deferred income lateS lo grants received in advance of the year lo whi¢h they relate. St Vincent's Famlly Prole¢t 35
Notes lo th• lInal•l statements 31 March 2022 9 Re$trictod funds The incomè funds of the chatlty Include the following r8stri¢lad funds.. At31 March 2022 Aprfl 2021 Cor• cost trnnslers Income Exp•nditurg Family Spacg Proj8et Crèative Arts Therapy Project 65,266 184,6891 19fv23 65,403 130,669 178,7511 1163,4401 13.348 32.771 At1 April 2020 At31 Marth 2021 Core eost translors Inccffie Expenditure Family Sp8C8 Proj8Ct Creativg Thérapy Project 63,112 165.5721 2.460 13,098 13,098 18,988 82,100 IS7,6161 (123.1881 25,530 27,990 For those restridfjd funds which have allowances for 'core ¢osl$". the expenditure is charged to unrestricted fvnds which are then reimbur$ed via a transfer from restricted funds as shown above. The Specific purposes for which the funds were rgceiv8d and appli8d in 2021 are as follows: Famlly Space Projeot Funds provided to assist with the Family Space Project. Creatwe Arts Therapy Project Funds provided specifically as a conlribulion towards the costs associated wlh the Creative Arts Therapy Project. 10 An8tysl8 of net assets betw••n funds 2022 2W41 To funds Unr•81¢ R•8trl¢tsd fvnd• fund$ nds funds Fund bal&ncoB 4r0 prg¥•rrtgd by. FYAed a55etS Currant a88ets Cre(Itors.' wThxwtsf0111NJ dua thIn one yoar Tot•1 ntsta¥8•ts 1,275 111160 1.275 112.1PA) 76.606 76,606 166.wl 166.9561 52,992 60,443 52.992 60.443 Sl Vincent's Famity Project 36
Not•s to th• financlal statements 31 March 2022 11 M•thodist C•ntral Hall st Vincent's Famlly Project Is connected lo Methodlst Centr81 Hall by vlrtue of the fact that onè of Its trustees is a senlor employee and trustee of Melhodist Central Hall. Two other trustees are active member of the Methodist Central Hall. • Durfng the year the Project contributed servi¢e charges to Methodl8t Central Hall of £5.844 {2021 - £5,844). £48712021 - £4871 of which was a¢¢ru8d at the year end. In adtlitson, the Projgcl paid rent to Methodist Central Hall of £22,800 {2021 - £22.8001. £1.90012021- £1,900) of which was accnjed at the year end. + During the year Methodlsl Central Hall gav8 a donation of £Nil {2021- £16,680) to th Project for use in meellng core costs. 12 Daughters of ¢harfty of St Vlnconl th Paul Charltablo Trust St Vincent's Family Project is connected to Ihe Daughters of Charity of St Vincent de Paul Charitable Tnjsl (the Trust) {a registered charity. Charity Registration No 236803 (England and Was) and SC039155 {S¢oUandll by virbje of the fact that cortain of the trustees of the Trust are also Irustaes of DCSVP Servicès. the parent organisolion of Sl Vincenys Family Projèct. The Daughters havo provided a >year grant to St Vincenys Family Project to the value of £40.000 peryearcommenclng In this financial year. This grant is forcore Costs. DC Servlces contrlbLrted lo the audit fee of St Vincenvs Family ProAect during thg ygar. as outlined in note 13 R•lated party transactions During the year. no Iruslee made donations to thg charity of £nil {2021-one trustee donated £3001. There are no other related paty Irans8Ctions requiring disclosure12021- rne1. 14 Op•ratlng lease commltm•nt$ At 31 March 2022 the charity had the following fuiure minimum commitments under non cancellable operating leasos in r8sp8Ct of a photocopier: 2022 2021 Leases whith expire: . Within one year . B¢lw•8n on• and fve yea 2.626 2,626 5.252 2,626 5,252 7,878 15 Liablllty of m•mb•r The charity ts constituted as 8 company limited by guarantee. In the event of the charfty belng wour¢d up its member Is required lo contribute an amount not exceedlng £1. 1fj Control Control of the charitable company lies with its member and parent entity, DCSVP Services. a registered charity {Charity Registration Number 11493261 and a company limited by guaranta& (Company Regi8tration Number 07838065 {England and Walesl)- The registered office of DCSVP S8Nices 18 Provincial House. The Ridgeway, Mill Hlll, London, NW7 1RE. The financial statements of DCSVP Services can be obtained from the registered office. St Vincenvs Family Project 37