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2023-12-31-accounts

Aldates Community Transformation Initiatives

Annual Report and Financial Statements for the year ended 31 December 2023

Contents

Contents
Chair’s Introduction 3
Our Aims and Achievements in 2023 4
2023 Objectives 12
Our Staff and Volunteers 12
Our Partners 13
Financial Performance 16
Risk Management 18
The Future 20
2024 Objectives 20
Legal and Governance Information 21
Method of appointment of trustees 22
Induction and training of trustees 22
Objectives and activities 22
Remuneration of Senior Managers 22
Disclosure of information 23
Small company provisions 23
Independent Examiner’s Report to the Trustees of
Aldates Community Transformation Initiatives 24
Statement of Financial Activities for the year
ended 31 December 2023 25
Balance Sheet as at 31 December 2023 26
Statement of Cash Flows for the year ended
31 December 2023 27
Accounting Policies and Notes to the Accounts 28

2

Chair’s Introduction

Thank you for your interest in ACT’s work to help people find a hope and a future after prison or street homelessness. I’m delighted to report on the organisation’s activities and achievements over the last year.

It’s been a time of significant change, with David Portway stepping down after seven years spent strengthening and expanding ACT. We are immensely grateful for his visionary leadership and pastoral heart for the ACT community.

Our small staff team and host of dedicated volunteers rose to the challenge of this transition time amazingly. They have welcomed and held people in supportive, empowering community, and seen some thrilling breakthroughs this year.

At the start of their journey with ACT, the circumstances in which people find themselves are intensely difficult. As they gain access to practical support and a community of peers who’ve faced and found a way through similar challenges, they hear a message of hope that is life-changing.

From Steven’s new painting & decorating venture to Wayne’s Bible podcast, Michael’s university success and Danny’s forgiveness of a relative decades after a traumatic event, it’s clear that hope is on the rise – and it’s powerful.

I hope this report encourages you and provides the information you need – and that we will merit your continued support. Without friends like you, none of this work would be possible.

With a safe place to live, a skilled mentor and sustained 1:1 support, people can then start to rebuild their lives in extraordinary ways.

Over the pages that follow, you’ll see the fruit of the stability, belonging and healing people are finding.

Revd Stephen Foster

Chair of Trustees, September 2024

3

Our Aims and Achievements in 2023

Outreach

Monday Night and the Community Meal

Guests enjoyed over 3,000 high-quality meals at our weekly Monday Night and monthly Community Meal.

The meals are cooked, served and hosted by a team that includes many who’ve experienced homelessness, prison or addiction themselves. This outreach grew significantly over the last year, with Monday Night moving venue into a much bigger space – and quickly filling it.

4

Fresh, seasonal food replaced convenience products wherever possible, making the meals tastier, more nutritious and even more appreciated. Trust and friendship blossomed – a transformative development for people who have spent years feeling excluded.

‘A filling meal can mean a homeless person wakes at 7am rather than 4am from hunger. We’re all just the same, the team and the guests. We all sit together around the tables. We make sure there’s no “them and us.”’

Scott, ACT resident and volunteer chef

Prison

‘A well where we can come and drink’

That’s how people in HMP Spring Hill described the Alpha courses and Bible study groups Rob Rogers ran over the course of the year, in partnership with the prison chaplaincy. Those who came were refreshed and energised by the discussions and time together. Now full-time Anglican chaplain at HMP Bullingdon, Susan Cuthbert had many opportunities to come alongside men in crisis. She ran two Bible studies a week as well as Sunday services, and Alpha courses led by John Owen also flourished. People shared vibrant testimonies of God’s goodness at a series of baptisms which took place over the course of the year.

Night Shelter

In the harshest months from January to March, we offered people who would otherwise have slept rough a warm, dry bed, a hot drink and simple food as part of the wider Oxford Winter Night Shelter collaboration across the city.

5

Community & Supported Housing

Twenty-two people lived in 12 homes made available by generous property owners over the year.

These houses are healing, regenerative spaces, where the steady work of rebuilding can take place, where relationships are restored, talents nurtured and new futures start to form.

Last year, ACT houses saw people: study for degrees, develop podcasts, grow flowers, fruit and vegetables, cook for each other, write songs, host a peer-led small group, save for move-on deposits, dream up new business ventures and find the courage to reconnect with estranged family members.

6

Michael moved in and quickly got down to his university studies – scoring a string of ‘first’ marks since then. His home has been a haven, he says:

‘Security, space, blessing – and love. That’s what my ACT house

means to me. Everything I do is on the bedrock of what I’ve been given in this community.’

Meanwhile, Jason moved on from an ACT house into his own accommodation. Now working as a builder, he’s still part of our community, coming along to shared meals and gatherings.

7

Summer Holiday

Families often have a trove of memories from holidays spent together. But many in the ACT community grew up in care or in struggling, stressful situations. Our 4-day summer retreat is a standout high point, giving people a strong sense of belonging and a store of funny or moving stories to remember throughout the year.

In June, our community headed off for a holiday in sunny Shropshire. We swam, hiked, canoed, barbecued, worshipped and came together for teaching, group work and reflection. It was a special opportunity to relax, deepen relationships and have fun.

A number felt able to share difficult experiences for the first time, and people grew closer to God and to each other.

Christmas Celebrations

Christmas can be painful for our community, so we go the extra mile to address that. Last year, ACT worked with 42 volunteers from across the city to put together twice as many essential and treat-filled Christmas hampers as in 2022 for families and others affected by poverty.

We also gathered for our annual Christmas Dinner, at which every ACT community member takes their place at the table. Carefully chosen presents, bad jokes and timeless carols sung with gusto and gratitude – another highlight to celebrate.

8

‘ACT events have shown me a lot about true spiritual fellowship. I have seen the guys grow closer to each other as brothers, and they have made me feel like part of the family. I felt especially privileged to experience their karaoke skills during the Christmas party!’

Mufaro, ACT intern

‘If you want to know if God is real, just look at ACT!’ Brendan, ACT resident

Mentoring & Employment

Alongside a safe place to live and a community to belong to, mentoring is a strategic part of ACT’s work and each individual’s journey towards a new hope and a future. Fourteen amazing volunteer mentors met their mentees week in, week out – and saw some significant breakthroughs over the year. Here are just a few…

Danny and his mentor family, the Johnsons, spent time on their farm – lambing, spreading wild bird feed, sharing meals. The Johnsons’ gentle, generous-spirited mentoring over several years gave Danny the courage to offer forgiveness to a relative, decades after a traumatic event. He said the hope and healing this released was like ‘a warm bath’.

Christopher and his business leader mentor Alex focused on workplace challenges and professional development. The stability and confidence this brought empowered Christopher to plan a move on to live independently.

Kieran and his mentor Rob spent time together working in the grounds of Christian retreat centre, Stanton House. This was a valuable opportunity for Kieran to get outdoors each week, talking through issues and building skills like grounds maintenance and woodworking.

Steven and his mentor Ted, a former executive coach, tackled a series of challenges over the year. Steven sustained his university studies (started on a mobile phone during the pandemic, before he joined ACT). During vacations, business student Steven set up his own painting & decorating venture – and won work from the University of Oxford.

Our Back to Work Fund helped cover the cost of his painting kit and equipment. Former ACT resident and experienced decorator Eddy was on hand by phone each day to coach Steven and ensure he delivered a first-rate service.

‘ACT is the epitome of HOPE.’

Steven, mentee and business student

11

5

2023 Objectives

The trustees agreed the following objectives for the year:

1

Recruit and onboard a suitable successor for the Head of Charity

2

Smooth transition from outgoing Chair to new Chair and strengthen the Board with new trustees

3

Maintain service provision at a time of significant leadership change

4

Raise sufficient unrestricted funds to ensure continuity of staffing

Refresh our risk register

The recruitment of a new Head of Charity is ongoing and all other objectives were met.

Staff and Volunteers

Thank you to the staff and 65 volunteers without whom this life-changing work would simply not be possible.

We’d like to say a huge thank you to David Portway who stepped down in 2023 and whose contribution to strengthening, shaping and leading ACT for the last seven years has been unparalleled. We’d also like to thank Susan Cuthbert for leading the prison ministry, Rob Rogers for leading our outreach and mentoring work, development manager Leah Leslie, community housing support worker Richard Avalon, rough sleeping coordinator Jonny Mitchell, outreach worker Emily O’Dell, fundraising & communications manager Jo Mitchell, interns Anna Mauerhofer and Mufaro Mutsatsa, every volunteer mentor, our property owners, the Monday Night team, Claire Mortimer and the Community Meal team, Janet Gibson our company secretary and everyone who generously supported ACT with gifts, skills, prayers or time.

#wearefamily

12

Our Partners

We would like to thank all the organisations and individuals who supported us over the course of the year. Much of what ACT has achieved has been reliant on their valuable contributions, in all their various forms.

Thank you to the following funders:

and to the partner agencies and organisations with whom we have worked during the year:

13

Wayne, ACT resident

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y now means I can
e stressing about,
give it to God, mate.’
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15

Financial Performance

The financial statements have been prepared in accordance with the accounting policies set out in note 1 and comply with the charity’s Memorandum and Articles of Association, the Charities Act 2011, the Companies Act 2006, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) – (Charities SORP 2019 (FRS 102)).

Income

Overall income for the year increased to £630,931 (2022: £458,913, a 37% increase).

This was due mainly to a large one-off grant of £157,846 from St Aldates Church and a significant increase in voluntary donations.

The grant has been added to the New Projects fund reflecting its non-recurring nature and our desire to have funds available to support new initiatives.

Income from the letting of properties to community members continues to be an important source of income.

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In-kind Lettings
9% 33%
Grants Donations
37% 21%
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Lettings income covers the rent, as well as contributing to the costs of supported housing services, utilities and upkeep of the properties.

Donations and grants make up a significant part of ACT’s income. These gifts are crucial in enabling our staff and volunteers to support people in prison, prison leavers and people who are or have been street homeless.

16

Expenditure

Overheads

7%

Expenditure for the year was £416,421 (2022: £439,647).

Our supported housing programme continues to form the most significant part of our financial operation. We have grown this programme from our first two-bedroom house in January 2012 to twelve houses or flats in 2023.

Our other main cost is related to our staff team, without whom our programmes would not be able to function.

Fundraising 4%

Ministry costs 9%

Staff costs 33%

Lettings 47%

Result

We have carried forward an unrestricted surplus of £64,533 (2022: £18,990). The surplus was higher than anticipated due to the charity operating with a number of vacant roles during the year. As in previous years, the charity received additional donations in kind in the form of office accommodation and office services from St Aldates Parochial Church Council. Trustees have considered likely future income and expenses and consider that the going concern basis continues to be appropriate for preparing our financial statements.

Reserves

The charity had total funds at the year-end of £386,469 (2022: £171,959), of which £204,523 (2022: £139,990) were unrestricted general funds with the balance comprising designated and restricted funds. Reserves are held to ensure the stability and continuity of our work, primarily by helping to cover the future cost of employment for several of our team, whose salaries are dependent on the charity continuing to raise funds. The trustees consider the level of unrestricted general reserves to be adequate for this stage of the charity’s development. An early task for the new Head of Charity (once appointed) will be to consider best uses of the unrestricted designated reserves.

17

Risk Management

ACT is exposed to risks associated with operational activity, raising sufficient funds, managing scarce resources, the external environment, governance, and legal compliance. Risks in each of these areas is assessed in the light of changing circumstances and any necessary mitigating action is taken. The risks considered by the trustees to be the most significant are set out in the table below:

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Risk Examples of Mitigating Actions
Members aren't adequately • Regular staff meetings as a forum to
safeguarded or enabled raise concerns
to flourish in their physical, • Client contact recording system
spiritual or mental wellbeing • Informal categorisation of members
and needs
• Training on de-escalation methods and
suicide warning
• Referrals to/from external agencies for
support services
• Weekly intercession process
• Approach benchmarked against similar
groups through www.clinks.org or a risk
assessment process
• Ensuring that over a four-week period
house visits are conducted by more than
one member of staff
Staff/volunteers aren’t • Risk assess all residents thoroughly before
adequately safeguarded or taking them in to our houses
enabled to flourish in their
• Regular staff meetings as forum to
physical, spiritual or mental
raise concerns
wellbeing
• Clinical supervision for certain members
of staff
• Volunteer and mentor training
• Regular catch-ups for key volunteers with
their point person
• Weekly intercession process
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18

We can’t raise sufficient funds within St Aldates or externally

As the organisation grows and develops, the trustees will continue to build appropriate risk management policies and processes to reflect the changing scale and nature of the organisation.

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The Future

We would like to pay tribute to the visionary work of former Chair Chris Gillies and outgoing Director David Portway in growing and developing the organisation to where it is today.

Our immediate priorities were to maintain our core services and support the team and community members through a time of transition. However, the impact of ACT has continued to grow in this transitional season. We have appointed our first Lead for Women’s Outreach to maximise the great need and increasing opportunities we are seeing to support vulnerable women in the city. We feel a call and vital responsibility to pioneer this work at a time when statutory services are under increasing stress.

Accordingly, the trustees have agreed the following strategic objectives for 2024:

2024 Objectives

1

Pioneering women’s outreach

2

Deepening investment in core community

3

4

Recruiting and onboarding a suitable successor for the Director Expanding outreach

5

Monitoring risk register

6

Reviewing safeguarding policy

With changes in government and continuing inflation there are likely to be uncertainties ahead. We are thankful that our current reserves give us some time to manage and mitigate any headwinds that might arise. That said, the nature of these uncertainties make it likely that more people will need our services than ever before; so we hope to continue to grow, and to secure funds so that we can help more people in difficult circumstances to find a hope and a future.

20

Legal and Governance Information

Registered Company number: 07279350 (Limited by Guarantee)

Registered Charity number: 1143136

Registered Office: 40 Pembroke Street, Oxford, OX1 1BP

The current trustees, who are also the directors, and those who served during the year were:

During 2023, we operated with a number of vacancies whilst we sought the right people to fill roles. We had an average of four paid members of staff (seconded from St Aldates Parochial Church Council (‘PCC’)). Thanks to our team of more than 65 volunteers, we have been able to deliver a substantial amount of work with a modest complement of paid staff.

21

Method of appointment of trustees

One trustee shall be the Rector of St Aldates Church (or their nominee) and a further trustee is a nominee of St Aldates PCC. There must be a minimum of four trustees. Vacancies are filled either by personal invitations made to individuals known to have relevant skills matching current needs, or by advertisement. All trustees must subscribe to the charity’s ethos statement. Appointments follow an assessment meeting with at least two Board members.

Induction and training of trustees

Relevant training and induction are offered to new trustees in line with their experience and knowledge of the work of ACT.

Objectives and activities

ACT’s primary aim is the relief of people in need, particularly offenders, former prisoners, those who are homeless, asylum seekers, and people suffering from addiction or mental illness.

Our ethos and approach are set out in a separate document known as the ACT Ethos Statement, available to

download from the charity’s website (https://actoxford.com).

The trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities.

Remuneration of Senior Managers

The ACT Head of Charity is the only senior manager, and on appointment their remuneration package will be benchmarked against comparable roles, such as CEOs of small to medium-sized charities and senior managers within the probation service.

22

Disclosure of information

Each of the trustees has confirmed that there is no information of which they are aware which is materially relevant to the financial statements, which is not mentioned in this report or the accounts themselves.

Small company provisions

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the Board of trustees

Stephen Foster Chair of Trustees

Date:

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Independent Examiner’s Report to the Trustees of Aldates Community Transformation Initiatives

Independent examiner’s report to the trustees of Aldates Community Transformation Initiatives (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

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

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

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

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

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

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

Andrew Churchill Stone

Mercer Lewin Ltd, Chartered Accountants, 6-7 Citibase, New Barclay House 234 Botley Road, Oxford, OX2 0HP

Date: .............................................

24

Statement of Financial Activities for the year ended 31 December 2023

Unrestricted Unrestricted Restricted 2023 General Unrestricted Restricted 2022
General Designated Funds Funds Designated Funds
Funds Funds Funds
Note £ £ £ £ £ £ £ £
Income
Voluntary
Income - Grants		 11,200 157,846 59,200 228,246 54,000 - 43,600 97,600
Voluntary
Income - Other		 130,898 - 2,250 133,148 66,403 - - 66,403
Voluntary
Income -
Donated in Kind		 3 58,550 - - 58,550 99,910 - - 99,910
Investment
Income		 2,752 - - 2,752 127 - - 127
Lettings Income 208,235 - - 208,235 194,873 - - 194,873
Total Income 411,635 157,846 61,450 630,931 415,313 - 43,600 458,913
Expenditure on
external
communications		 16,285 - - 16,285 14,000 - - 14,000
and raising grants
Expenditure on Charitable Activities
Staff costs 2 92,980 - 45,702 138,682 163,326 - 32,087 195,413
Lettings
expenditure		 191,414 - 2,285 193,699 185,430 - 4,332 189,762
Other ministry
expenses		 22,572 - 16,332 38,904 23,456 - 6,905 30,361
Travel and
subsistence		 5,238 - - 5,238 3,491 - - 3,491
Other
administrative 22,653 - - 22,653 5,730 - - 5,730
costs
Governance costs 960 - - 960 890 - - 890
335,817 - 64,319 400,136 382,323 - 43,324 425,647
Total
expenditure		 352,102 - 64,319 416,421 396,323 - 43,324 439,647
Net income/
(expenditure)		 59,533 157,846 (2,869) 214,510 18,990 - 276 19,266
Gross Transfers
between funds		 5,000 - (5,000) - - - - -
Net movement in
funds		 64,533 157,846 (7,869) 214,510 18,990 - 276 19,266
Total funds
brought forward		 139,990 6,153 25,816 171,959 121,000 6,153 25,540 152,693
Total funds
carried forward		 204,523 163,999 17,947 386,469 139,990 6,153 25,816 171,959

25

Balance Sheet as at 31 December 2023

Note
Current assets		 2023
2022
£
£
Debtors
6
Cash at bank and in hand
Total current assets
Creditors: amounts due within one year
7
Net assets
Funds
Unrestricted - General
9
Unrestricted - Designated
9
Restricted
9		 16,391
16,447
383,650
162,423
400,041
178,870
(13,572)
(6,911)
386,469
171,959
204,523
139,990
163,999
6,153
17,947
25,816
386,469
171,959

For the year ending 31 December 2023, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

Registered Company Limited by Guarantee Number: 07279350

Registered Charity Number: 1143136

Registered office: 40 Pembroke Street, Oxford, OX1 1BP

Approved by Aldates Community Transformation Initiatives on and signed on its behalf by:

Stephen Foster

Chair of Trustees

26

Statement of Cash Flows for the year ended 31 December 2023

Note
Cash fows from operating activities:		 2023
2022
£
£
Net cash provided by/(used in) operating activities
11
Cash fows from investing activities:		 218,475
11,465
Bank interest
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period
11		 2,752
127
2,752
127
221,227
11,592
162,423
150,831
383,650
162,423

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1 Accounting Policies

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2023. The charity constitutes a public benefit as defined by FRS 102.

The financial statements have been prepared on a going concern basis, as the trustees believe that no material going concern uncertainties exist.

Incoming Resources

Voluntary Income

Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the income is recognised.

Lettings Income

Lettings income comes from the management of houses used to provide supported accommodation to people who have previously been in prison or street homeless. The charity collects rent as lettings income for a number of properties in Oxford on behalf of the landlords, but does not itself own any property.

Income from investments

Dividends and interest are accounted for when received.

Resources Expended

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the charity.

Support Costs

There were no specific support costs for the year ended 31 December 2023. Support functions are provided by St Aldates PCC and the trustees do not consider it possible to reliably estimate the value of these costs.

Governance Costs

Governance costs comprise the fee paid to the Independent Examiner.

Lettings Expenditure

The charity pays landlords for the use of their properties.

28

Assets and Liabilities

Current assets

Any amounts owing to the charity at 31 December in respect of fees, rents or other income are shown as debtors less any provision that might be required for amounts that might prove uncollectable.

Current Liabilities

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to expenditure.

2 Salary and Pension Cost

The charity staff are employed by St Aldates PCC and seconded to the charity at no charge. The average number of staff seconded to the charity from St Aldates PCC was 3 [2022: 4].

However, to the extent it can afford to, the charity has a policy of making a grant to St Aldates PCC equal to the direct costs of employment of those staff. The amount of the grant in 2023 was £88,474 [2022: £109,701]. This is the only grant to an institution. All long-term pension liabilities remain with St Aldates PCC.

3 Donations-in-kind

Certain of the activities of the ACT Community are funded by and undertaken by the St Aldates PCC although governance of those activities rests with the trustees.

The value of these activities to the charity is considered to be the same as the cost to the PCC and they have been accounted for in the charity’s SOFA as donated-in-kind income with the corresponding cost recorded within the applicable expenditure category.

4 Independent Examiner’s Remuneration

Fees totalling £960 [2022: £890] were due to the Independent Examiner for the year.

5 Trustees remuneration

No remuneration was paid or expenses reimbursed to the trustees during the current or preceding year.

29

6 Debtors

Trade Debtors
Income tax recoverable
Other debtors and prepayments		 2023
2022
£
£
5,607
1,066
256
7,033
10,528
8,348
16,391
16,447

7 Liabilities: amounts due within one year

Due to PCC
Trade creditors
Accruals and other creditors		 2023
2022
£
£
3,856
1,728
4,089
131
5,627
5,052
13,572
6,911

8 Analysis of net assets by fund

Current assets
Less: Current liabilities
Fund Balance		 Unrestricted
Funds
Designated
Unrestricted
Funds
Restricted
Funds
Total Funds
2023
£
£
£
£
218,095
163,999
17,947
400,041
13,572
-
-
13,572
204,523
163,999
17,947
386,469

Prior Year Comparative

Current assets
Less: Current liabilities
Fund Balance		 Unrestricted
Funds
Designated
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
£
£
£
£
146,901
6,153
25,816
178,870
6,911
-
-
6,911
139,990
6,153
25,816
171,959

30

9 Analysis of movement in reserves

Year to 31 December 2023
Unrestricted Funds		 Balance at
start of year
Income for
the year
Expenditure
Transfers
between
funds
Balance at
end of year
£
£
£
£
£
General Fund
Designated Fund:
New Projects
Total Unrestricted Funds
Restricted funds		 139,990
411,635
(352,102)
5,000
204,523
6,153
157,846
-
-
163,999
146,143
569,481
(352,102)
5,000
368,522
Bail Project
Employment Project
Contributions to Core Costs
Street Food
Housing Project Costs
Emergency Food for
Housing Clients
Bicycles for Housing Clients
Gardening Equipment
Homeless Support
Outreach
House Maintenance
Retreat
Household Equipment
Mentoring and Back to Work
Energy Costs
Total restricted funds
Total funds		 3,000
-
-
-
3,000
5,389
-
(482)
-
4,907
5,078
-
(5,078)
-
-
5,000
-
-
(5,000)
-
-
14,000
(13,000)
-
1,000
174
-
(174)
-
-
63
-
-
-
63
911
-
-
-
911
1,387
6,400
(7,787)
-
-
-
8,000
(8,000)
-
-
-
8,250
(2,285)
-
5,965
-
1,000
(1,000)
-
-
991
-
(890)
-
101
3,823
23,800
(25,623)
-
2,000
-
-
-
-
-
25,816
61,450
(64,319)
(5,000)
17,947
171,959
630,931
(416,421)
-
386,469

31

Designated Funds

New Projects

The trustees are considering a number of new initiatives and have created this fund to ensure funding is available once a suitable project is identified.

Restricted Funds

Bail Project This fund comprises income received which must be used to support those on bail.

Employment This fund comprises income received which must be used Project to assist ex-offenders back into work. Therapeutic This fund comprises income received to support work Community amongst those suffering from addiction. Contributions to This fund represents income specifically given to support Core Costs the charity's core operating costs. Christmas Gifts This fund represents money donated for the purpose of buying gifts at Christmas for those in the charity's supported housing programme. Street Food This fund comprises income received to support the provision of food during the Covid lockdowns. Housing Project This fund comprises income received to support the charity's work providing supported housing. No Recourse to This fund represents funding to enable the charity to Public Funds house those with no entitlement to state benefits. Emergency Food This fund comprises donations which enable the charity for Housing Clients to provide food for housing clients when necessary. Bicycles for This fund enables the purchase of bicycles so as to provide Housing Clients transport for clients. Gardening This fund is to enable the purchase of tools to assist clients Equipment in returning to work. Homeless Support This fund is to purchase items for the homeless in cases of immediate need. Outreach This fund is funding to support the provision of an outreach meal on Monday nights and once a month on Sunday lunchtimes. House Maintenance This fund is funding to support the maintenance of the houses used in the housing project.

32

Retreat

Household Equipment Back to Work

Energy Costs

This fund is funding to support an annual retreat for residents of the supported housing programme.

This fund is funding to support the provision of equipment within the supported houses.

This fund is funding to support mentoring members of the community and assisting them into paid work. This fund is funding to assist with rising energy costs of the supported houses.

Year to 31 December 2022
Unrestricted Funds		 Balance at
start of year
Income for
the year
Expenditure
Transfers
between
funds
Balance at
end of year
£
£
£
£
£
General Fund
Designated Fund:
New Projects
Total Unrestricted Funds
Restricted funds		 121,000
415,313
(396,323)
-
139,990
6,153
-
-
-
6,153
127,153
415,313
(396,323)
-
146,143
Bail Project
Employment Project
Therapeutic Community
Contributions to Core Costs
Christmas Gifts
Street Food
Housing Project
No Recourse to Public Funds
Emergency Food for
Housing Clients
Bicycles for Housing Clients
Gardening Equipment
Homeless Support
Outreach
Energy Costs
Total restricted funds
Total funds		 3,000
-
-
-
3,000
5,689
-
(300)
-
5,389
2,408
20,580
(17,910)
-
5,078
5,000
-
-
-
5,000
3,332
-
(3,332)
-
-
1,252
-
(1,078)
-
174
183
-
(120)
-
63
911
-
-
-
911
1,665
-
(278)
-
1,387
2,100
-
(2,100)
-
-
-
2,520
(2,520)
-
-
-
1,500
(509)
-
991
-
18,000
(14,177)
-
3,823
-
1,000
(1,000)
-
-
25,540
43,600
(43,324)
-
25,816
152,693
458,913
(439,647)
-
171,959

33

10 Related Party Transactions

St Aldates PCC (registered charity 1131154) are deemed a related party of the charity as they have a number of common trustees.

During the year, St Aldates PCC paid expenses totalling £44,141 [2022: £28,270] on behalf of the charity and these amounts were recorded as owing to the PCC. During the year the charity paid £1,728 (2022: £5,067) to the PCC in settlement of the opening amount due to the PCC and a further £40,285 [2022: £26,542] in part settlement of the expenses incurred. An amount of £3,856 [2022: £1,728] remained outstanding at the year-end.

During the year the charity awarded and paid a grant of £88,474 [2022: £109,701] to the PCC in respect of staff seconded by the PCC to the charity (see note 2).

During the year St Aldates PCC made a donation of £157,846 to the charity. This donation was one-off in nature and not expected to repeat.

During the year a close relative of a trustee was paid £16,285 [2022: £14,000] for provision of fundraising and communications services on normal commercial terms.

11 Note to the Statement of Cash Flows

Reconciliation of net income to net cash flow from operating activities

Net income/(expenditure) for the reporting period
(as per the statement of fnancial activities)
Adjustments for:
Bank interest
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities		 2023
2022
£
£
214,510
19,266
(2,752)
(127)
56
(6,720)
6,661
(954)
218,475
11,465

34

actoxford.com

Registered charity 1143136 | Registered company 07279350