**REGISTERED COMPANY NUMBER: 07698405 (England and Wales) REGISTERED CHARITY NUMBER: 1143995**
**YOUNG WOMEN'S HOUSING PROJECT (A COMPANY LIMITED BY GUARANTEE)**
## **REPORT OF THE TRUSTEES AND**
## **AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
Hollis and Co Limited Chartered Accountants Statutory Auditor 35 Wilkinson Street Sheffield South Yorkshire S10 2GB
**YOUNG WOMEN'S HOUSING PROJECT**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|8|
|**Report of the Independent Auditors**|9|to|11|
|**Statement of Financial Activities**||12||
|**Balance Sheet**||13||
|**Notes to the Financial Statements**|14|to|21|
|**Detailed Statement of Financial Activities**|22|to|23|
**YOUNG WOMEN'S HOUSING PROJECT**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims YWHP MISSION**
Enabling young women and girls affected by sexual abuse & exploitation, to have secure places to live, specialist support to recover from trauma and create safe futures for themselves and their children.
## **CHARITY OBJECT**
The object of the charity is the relief of distress and suffering experienced by young women and children who have been affected by sexually abuse, including being subjected to mental and physical abuse.
## **CORE ACTIVITY**
Young Women's Housing Project - YWHP provides specialist, trauma informed therapeutic support services and safe, supported accommodation for young women, girls, pregnant young women and young mothers, affected by sexual abuse, sexual exploitation/violence and domestic abuse.
The organisation takes a holistic approach, providing on-going person-centred support for clients throughout their transition into independence, addressing both complex and practical needs including: independent living skills and budgeting, progression into training and education, securing housing, parenting skills, legal issues and welfare advice. We provide specialist therapeutic and well-being interventions to address the impact of sexual abuse and exploitation, building resilience and staying safe strategies and supporting clients to manage mental health issues, self-harming and drug/alcohol abuse.
YWHP deliver community education, prevention programmes and training for both statutory and non-statutory bodies. We offer several accredited classroom-based programmes & workshops for young people to improve their understanding of healthy relationships, coercion and consent.
## **CHARITY REVIEW**
To ensure our work delivers our aims we review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous twelve months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aim, objectives and activities remain focused on our stated purposes.
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities.
Page 1
**YOUNG WOMEN'S HOUSING PROJECT**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **OBJECTIVES AND ACTIVITIES**
## **Review of Key Activities**
In planning our activities for the year, we kept in mind the Charity Commission's guidance on public benefit at our trustee meetings.
## **2020 - AN UNPRECEDENTED YEAR**
The advent of Coronavirus obviously had a huge impact on our charity and everyone involved with it, clients, workers, trustees, stakeholders, and everyone beyond.
We very quickly had to develop and implement our Covid19 management plans, including:
- New safety and risk practices
- Wearing masks, social distancing and disinfecting everything
- Managing the impact of the virus on our already vulnerable clients
- Preventing C19 infections
- Creating isolation accommodation if and when a client caught the virus
- Learning how to Zoom
- Working remotely from home
- How to provide virtual client support sessions (safely)
Despite Covid19 we managed to keep all our services open throughout 2020-2021, and through all the lockdowns. We had to develop new and innovative ways of working, most of which we are continuing to adopt.
## **INCREASED ACCOMMODATION & RESTRUCTURED THERAPY TEAM**
Nationally there was a shortage of safe accommodation for women and girls needing to flee, due to bed-blocking. There was also a significant increase in the number of women and girls being affected by abuse due to the lockdown restrictions, and families being trapped in their homes for greater periods of time.
Consequently, YWHP received higher levels of referrals for both accommodation and therapeutic support. To manage this, we increased our safe housing capacity from 13 beds to 17 beds. We also restructured our therapy team and increased worker hours to meet the demand.
We continued to provide a high standard of supported accommodation to our clients and we remain a strategically relevant and unique service in Sheffield. We had consistently high occupancy, which was 100% this year, and we pride ourselves on achieving 95% planned and positive departures.
## **SUPPORT WORK & THERAPEUTIC INTERVENTIONS**
We supported 148 young women aged 15-25 years, which was approximately 50% higher than the previous year. The total number of beneficiaries including dependent children aged 0-10 years, was 194.
Support planning is a shared process between the young women and workers, usually focusing on resilience, recovery and well-being; safe and healthy relationships; successful parenting; social and financial inclusion; effective future engagement with universal services and participation in the wider community.
Individualised support planning and recovery programmes are delivered in both one to one and group-work sessions. Due to Covid19 we could not deliver the volume of planned group-work sessions, but we significantly increased the number of individual sessions.
Total Group Work dropped from 289 in the previous year to just 82 this year. Total Individual sessions increased from 1443 to 3177 this year.
Breakdown of individual sessions:
- Practitioner Support Sessions 2089
- Counselling & Therapy 442
- Well-Being 93
- 'Escape the Trap' Programme increased to 217
- PAFT 'Parents as First Teachers' & Parenting 336
Page 2
**YOUNG WOMEN'S HOUSING PROJECT**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **OBJECTIVES AND ACTIVITIES**
## **Review of Key Activities (cont)**
The following are some of the specialist opportunities provided during 2020-2021, all of which were designed and facilitated by experienced practitioners with specialist training and knowledge of our vulnerable client group. Support has typically involved:
**Intensive Housing Support:** managing and maintaining their home, benefits advice & assistance, money/debt management, securing housin g priority, support with obtaining settled move on accommodation
**Support Work** : Emotional Well-being, Personal Safety, Independent Living Skills, Motivation, Empowerment, Education & Training
**Therapeutic Interventions:** Safe & Successful Relationships including 'Escape the Trap', Protective Behaviours & Resilience, Confidence Buil ding & Self-esteem
**Counselling & Therapy:** Person Centred Counselling, EMDR therapy, Creative Movement Therapy, CBT, DBT strategies for reducin g and containing distress, PTSD physiotherapy
**Parenting Support:** Our qualified Parent Educators provide pregnancy support, 'Parent As First Teacher' PAFT sessions, parent & child activity groups, advice & information
**Independent Sexual Violence Advocacy** : Support and advice from our qualified ISVA for young women affected by sexual abuse/assault. Supporting young women victims of abuse/exploitation to understand the implications of reporting assault; feel able to make informed decisions; and navigate the judicial system.
**Sexual Health Intervention:** Consultations and advice with our accredited sexual health practitioner, as part of the Open Doors Sexual Health Se rvice
**Trips and Events:** Despite the Covid19 restrictions we organized a number of outdoor group activities aimed at enabling all our clients to experience leisure and social events. and celebrations for Christmas and Eid.
## **2021-22 PLANS**
The charity plans continuing the activities outlined above in the forthcoming year, considering any C19 guidelines and subject to satisfactory funding arrangements. YWHP, like many other charities, are aware that there could be a decline in available funding during the year ahead, at a time when the need for our services has never been more acute. We were and are mindful of this in our future plans:
- We have produced our Aspirational Delivery Plan 2021-2023
- We will increase YWHP safe places to live
- We will be creating Therapeutic Internships
- We will achieve the LGBT+ DA Kite Mark
- We will be developing some exciting new Partnerships
Page 3
**YOUNG WOMEN'S HOUSING PROJECT**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **OBJECTIVES AND ACTIVITIES**
## **Public benefit**
Our main activities and whom we try to help are described above. All our charitable activities focus on the relief of distress and suffering experienced by young women and children who have been affected by sexual abuse and are undertaken to further our charitable purposes for the public benefit.
## **QUALITY & STANDARDS**
## SERVICE DELIVERY
During the year we have continued to provide a high standard of support to our clients, we remain a strategically relevant and unique service in Sheffield that it is being utilised well. Our clients understand the purpose of the YWHP and many take an active role in influencing policy decisions. Clients are using the therapeutic service provisions to help overcome the effects of abuse and provide positive feedback and constructive consultation input about the provision. We are continuing to provide a good quality of service, which is effective in developing independent living skills and encourages young women to take up meaningful activity and eventually be successfully resettled.
In previous years we have reviewed our project against the standards set out in the Quality Assessment Framework from the ODPM for Supporting People Core Objectives. This has been a good assessment tool and provides us with clear plans for ongoing improvement.
We are pleased to adhere to the new National Statement of Expectations (NSE) for supported housing. It has been developed in collaboration between the Ministry of Housing, Communities and Local Government (MHCLG) and the Department for Work and Pensions (DWP) with input from local councils and the supported housing sector. It sets out government's vision for ways of working in the sector and recommendations for standards in accommodation and is an important step in establishing what good looks like and how it can be achieved.
YWHP are committed to providing delivery of good quality supported accommodation which meets our clients' needs, allows them to thrive and represents value for money.
## NSE Annex A:
Checklist of accommodation standards and tenancy-related housing services in supported housing: covers legal requirements, suggested minimum standards and what is considered to constitutes best practice within the following areas:
Supported accommodation - general expectations and suitability Accommodation regulations and standards Housing facilities Housing safety and building condition Tenancy and licence agreements Resident communication and engagement
## We have ensured that:
1. We meet all the Minimum Legal Requirements
2. We meet all the Minimum Standards
3. We achieve the 'going further' by delivering Best Practice
We are operating at Best Practice in each of these checklist areas.
As Members of The Survivors Trust, YWHP adhere to the TST National Service Standards.
These provide a framework through which specialist rape and sexual abuse services demonstrate they are compliant with nationally recognised service standards for good practice, sound management and effective service delivery, that are sensitive to the demands of working effectively with trauma.
We achieved The Survivors Trust National Service Standards certification in 2012, and have been re-certified to date.
To strengthen our operational and service delivery activities, we assess, review and follow an Annual Quality & Improvement Action Plan, which details all the necessary actions and improvements identified to continue improving our service.
Page 4
**YOUNG WOMEN'S HOUSING PROJECT**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **FINANCIAL REVIEW Financial Commentary FINANCE & FUNDING**
COVID-19 Response Funds
We were able to offer exceptionally good levels of support to our young women and children throughout the pandemic. We were awarded a number of Covid19 grants to help with significant unplanned spending. The funding provided additional accommodation, increased staffing & therapeutic support, IT equipment to allow remote working and regular 'Isolation & Well-being Packs' for all the young women and children. These additional covid-related incomes sources included:
CAF Coronavirus Emergency Fund Cash for kids Hallam FM MHCLG Covid-19 Emergency Support funding for Domestic Abuse Services MHCLG Covid-19 Homelessness Response Fund MoJ Covid-19 Extraordinary Funding Morrisons Foundation Smallwood Trust Women's Sector Resilience Fund Hallamshire Soroptimists SYCF South Yorkshire Community Foundation 3SQUARED
Our contract with Sheffield City Council Housing Independence Service provided our clients with specialist housing related support. We also received additional funding from HIS to cope with the impact of the pandemic. We received grant funding from Lloyds Bank Foundation to provide on-going specialist care and therapeutic support services.
This was the final year of the 'WAGI' partnership Big Lottery Women & Girls Initiative; YWHP was one of five partners receiving a four-year grant to build capacity for work with women and girls to recover from violence, abuse and trauma, become resilient to future harm, and be empowered to live the lives they want.
A grant from BBC Children in Need supported our Parent as First Teacher interventions with young women and their children.
The accommodation buildings have been maintained through rental income and through our management agreements with South Yorkshire Housing Association, Target Housing and Sheffield Homes. We undertake a rolling programme of refurbishment and redecoration and keep all the accommodation in good condition.
A number of fundraising events, sponsorships and donations covered the cost of welcome-packs, day trips and celebrations. All our young women and children received hampers and toys at Christmas provided by YWHP Trustees, Hallam Help A Child, KidsOut and Sheffield Shoebox Appeal.
Sponsorships & Donations, we were supported by several local groups including CHILYPEP, Tinsley Women's Group, and a number of anonymous givers support us through GIVEY or by signing up to Easyfundraising.
## **Principal funding sources**
The principal funding sources for the charity are currently by way of grant and contract income from Sheffield City Council. As a result of increasing constraints on local authority expenditure, the charity has to seek funding from a much broader group of agencies. The charity has a revised funding strategy and is allocating appropriate responsibilities to implement this.
## **Investment policy and objectives**
Aside from retaining a prudent amount in reserves each year most of the charity's funds are to be spent in the short term so there are few funds for long term investment. The YWHP cash reserves are held in a high interest bank account. The trustees are planning to exchange two of the investment properties for smaller units during the year ahead.
## **Reserves policy**
The Management Committee has examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be at least 3 months running costs in accordance with our stakeholders good practice guidelines.
The reserves are considered necessary and appropriate to meet the working capital requirements of the charity during 2020-21.
Page 5
**YOUNG WOMEN'S HOUSING PROJECT**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing documents, a deed and trust and its Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Recruitment and appointment of new trustees**
Trustees are appointed in line with our Recruitment and Selection Policy and Articles of Memorandum. A person qualified and wishing to become a trustee must be aged 18 years or over and must either be recommended by the Trustees or be nominated for election by a member of the Charity.
## **Organisational structure and Policies**
The charity is led by a board of trustees, and is accountable to the Charity Commission and Companies House. It is organised with a management committee and sub-committees.
The charity employs two part time directors, a service delivery manager, five therapeutic support workers, two clinicians, two therapy interns, four part time night workers and a finance/business worker.
## **Decision making and Management of the Organization**
We continue to implement a very robust approach to succession planning, which has ensured a good transfer of skills and knowledge and maintained a strong core membership of the Management Committee. Trustee share responsibilities well, and have an active and effective committee structure. We have seen the established trustees develop their skills further and they mentor incoming trustees. Sub-committees meet regularly for Finance, HR and Client Involvement. We have an effective line management and appraisal system for all employees.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The Management Committee carry out an 'Organisational Risk Assessment', this looks at the major risks to the charity, forecasting over a 3-year period to cover management and finance, human resources, insurance and operational risks, governance, buildings and relationships with clients and stakeholders. This document is reviewed every 6 months; as such it was revisited in November 2020 and again in April 2021.
## **Covid Contingency Planning**
During the first stages of the Corona virus we also developed an Organisational Resilience Pandemic Plan. YWHP recognised the importance of developing robust and flexible organisational continuity arrangements that would help to minimise the impact of the pandemic. Whilst the extent of the pandemic was unpredictable, preparing suitable responses in advance enabled the Charity to respond effectively to a range of scenarios and help to mitigate risks and minimise the impact upon essential operations, service delivery activities, employees and clients in line with current national guidance as it emerged.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
07698405 (England and Wales)
## **Registered Charity number**
1143995
## **Registered office**
Hollis and Co 35 Wilkinson Street SHEFFIELD S10 2GB
Page 6
**YOUNG WOMEN'S HOUSING PROJECT**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **Trustees**
Ms E A Hogan Ms C E Murrie Ms K F P Ryan Ms S Coward Ms I Hemmings Ms R Deane
The Management Committee (Trustees) are elected at the Annual General Meeting.
Ms M Congreve, Ms E A Hogan, Ms C E Murrie and Ms K F P Ryan were also directors.
## **Auditors**
Hollis and Co Limited Chartered Accountants Statutory Auditor 35 Wilkinson Street Sheffield South Yorkshire S10 2GB
## **Solicitors**
Taylor Bracewell Number One Railway Court Ten Pound Wlak Doncaster DN4 5FB
## **Bankers**
Royal Bank of Scotland 5 Church Street Sheffield S1 1HF
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Young Women's Housing Project for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 7
**YOUNG WOMEN'S HOUSING PROJECT**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued**
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **AUDITORS**
The auditors, Hollis and Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 13 January 2022 and signed on its behalf by:
Ms R Deane - Trustee
Page 8
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF YOUNG WOMEN'S HOUSING PROJECT**
## **Opinion**
We have audited the financial statements of Young Women's Housing Project (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 9
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF YOUNG WOMEN'S HOUSING PROJECT**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- Enquiry of management and those charged with governance around actual and potential litigation and claims; - Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations;
- Reviewing minutes of meetings of those charged with governance;
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
- Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the further that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 10
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF YOUNG WOMEN'S HOUSING PROJECT**
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
PETER HOLLIS (Senior Statutory Auditor) for and on behalf of Hollis and Co Limited Chartered Accountants Statutory Auditor 35 Wilkinson Street Sheffield South Yorkshire S10 2GB
31 January 2022
Page 11
**YOUNG WOMEN'S HOUSING PROJECT**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
3,846
**Charitable activities**
4
Grants
-
Other
2,220
Investment income
3
183,663
Other income
4,000
**Total**
193,729
**EXPENDITURE ON**
Raising funds
5
2,253
**Charitable activities**
6
Housing
172,239
**Total**
174,492
**NET INCOME/(EXPENDITURE)**
19,237
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
652,326
**TOTAL FUNDS CARRIED FORWARD**
671,563|Restricted
funds
£
-
355,164
-
-
-
355,164
-
355,164
355,164
-
-
-|2021
Total
funds
£
3,846
355,164
2,220
183,663
4,000
548,893
2,253
527,403
529,656
19,237
652,326
671,563|2020
Total
funds
£
2,881
278,562
50
158,578
3,000
443,071
10,567
436,462
447,029
(3,958)
656,284
652,326|
|---|---|---|---|
The notes form part of these financial statements
Page 12
## **YOUNG WOMEN'S HOUSING PROJECT**
## **BALANCE SHEET 31 MARCH 2021**
|Notes
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Debtors
12
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
14
**NET ASSETS**
**FUNDS**
18
Unrestricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
435,013
33,077
361,402
394,479
(69,265)
325,214
760,227
(88,664)
671,563|Restricted
funds
£
-
-
-
-
-
-
-
-
-|2021
Total
funds
£
435,013
33,077
361,402
394,479
(69,265)
325,214
760,227
(88,664)
671,563
671,563
671,563|2020
Total
funds
£
431,142
22,967
326,467
349,434
(36,738)
312,696
743,838
(91,512)
652,326
652,326
652,326|
|---|---|---|---|---|
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 13 January 2022 and were signed on its behalf by:
R Deane - Trustee
K F P Ryan - Trustee
The notes form part of these financial statements
Page 13
**YOUNG WOMEN'S HOUSING PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Revenue grants are shown in the Statement of Financial Activities in the year in which they are receivable. Grants which are received in advance for an activity to be undertaken after the year end are deferred.
Voluntary income is received by way of donations, legacies and gifts, and is included in full in the Statement of Financial Activities when received.
The value of services provided by volunteers has not been included as it is not possible to reliably quantity with reasonable accuracy.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Long leasehold - 2% on cost Fixtures and fittings - 20% on reducing balance
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 14
**YOUNG WOMEN'S HOUSING PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. DONATIONS AND LEGACIES**
|Donations
**3.**
**INVESTMENT INCOME**
Rents receivable
Deposit account interest
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Grants
Grants
Other income
Other
Grants received, included in the above, are as follows:
SSCP_SCC Communities Commission
Lloyds Bank Foundation
WAGI (Big Lottery Fund)
Children In Need
Supporting People
Other
IDAS
PCC MOJ
SALRC
Homeless Link
Covid Emergency Fund|2021
£
3,846
2021
£
183,552
111
183,663
2021
£
355,164
2,220
357,384
2021
£
-
-
-
18,428
156,805
9,839
75,551
42,875
26,039
19,627
6,000
355,164|2020
£
2,881
2020
£
158,044
534|
|---|---|---|
|||158,578|
|||2020
£
278,562
50|
|||278,612|
|||2020
£
16,938
22,632
47,546
36,577
154,869
-
-
-
-
-
-|
|||278,562|
Page 15
continued...
**YOUNG WOMEN'S HOUSING PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **5. RAISING FUNDS**
## **Other trading activities**
|Bad debts
**6.**
**CHARITABLE ACTIVITIES COSTS**
Housing
**7.**
**SUPPORT COSTS**
Finance
£
Housing
468
**8.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Auditors' remuneration
Depreciation - owned assets
Deficit on disposal of fixed assets|2021
£
2,253
Support
Direct
costs (see
Costs
note 7)
£
£
509,340
18,063
Governance
Other 2
costs
£
£
4,261
13,334
2021
£
3,500
12,272
391|2020
£
10,567
Totals
£
527,403|2020
£
10,567|
|---|---|---|---|
||||Totals
£
18,063|
||||2020
£
3,000
9,164
-|
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **10. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|2021
£
311,881
29,038
19,595
360,514|2020
£
264,123
27,116
18,085|
|---|---|---|
|||309,324|
Page 16
continued...
**YOUNG WOMEN'S HOUSING PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **10. STAFF COSTS - continued**
The average monthly number of employees during the year was as follows:
|Project Managers (pt)
Service Delivery Managers
Therapeutic Support Workers (pt)
Night Workers (pt)
Therapeutic Development Worker|2021
2
1
5
3
1
12|2020
2
1
5
4
1|
|---|---|---|
|||13|
No employees received emoluments in excess of £60,000.
## **11. TANGIBLE FIXED ASSETS**
|**COST**
At 1 April 2020
Additions
Disposals
At 31 March 2021
**DEPRECIATION**
At 1 April 2020
Charge for year
Eliminated on disposal
At 31 March 2021
**NET BOOK VALUE**
At 31 March 2021
At 31 March 2020|Freehold
property
£
368,696
-
-
368,696
29,496
7,374
-
36,870
331,826
339,200|Long
leasehold
£
95,000
-
-
95,000
5,464
1,188
-
6,652
88,348
89,536|Fixtures
and
fittings
£
5,875
16,534
(955)
21,454
3,469
3,710
(564)
6,615
14,839
2,406|Totals
£
469,571
16,534
(955)|
|---|---|---|---|---|
|||||485,150|
|||||38,429
12,272
(564)|
|||||50,137|
|||||435,013|
|||||431,142|
## **12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|
|Rent debtor
Petty cash advances
Prepayments
Accrued income|2021
£
11,176
68
8,927
12,906
33,077|2020
£
8,615
57
8,983
5,312|
|||22,967|
continued...
Page 17
**YOUNG WOMEN'S HOUSING PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Bank loans and overdrafts (see note 15)
Trade creditors
Social security and other taxes
Other creditors
Other creditors (credit card)
Accrued expenses
**14.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 15)
**15.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
**16.**
**LEASING AGREEMENTS**|2021
£
25,289
15,548
7,606
2,444
921
17,457
69,265
2021
£
88,664
2021
£
22,767
2,522
25,289
5,044
7,566
76,054|2020
£
2,197
5,581
5,984
1,939
665
20,372|
|---|---|---|
|||36,738|
|||2020
£
91,512|
|||2020
£
-
2,197|
|||2,197|
|||4,394|
|||6,591|
|||80,527|
Cancellable rolling leases are held over seven flats.
continued...
Page 18
**YOUNG WOMEN'S HOUSING PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **17. SECURED DEBTS**
The following secured debts are included within creditors:
||2021|2020|
|---|---|---|
||£|£|
|Bank loans|91,186|93,709|
A legal charge over one of the freehold properties owned by the charity has been given to The Charity Bank as security for the bank loan issued.
## **18. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Property
Property provision
**TOTAL FUNDS**
Net movement in funds, included in the above are as
**Unrestricted funds**
General fund
**Restricted funds**
GRANTS
**TOTAL FUNDS**|At 1/4/20
£
221,184
431,142
-
652,326
652,326
follows:|Net
movement
in funds
£
19,237
-
-
19,237
19,237
Incoming
resources
£
193,729
355,164
548,893|Transfers
between
At
funds
31/3/21
£
£
(83,872)
156,549
3,872
435,014
80,000
80,000
-
671,563
-
671,563
Resources
Movemen
expended
in funds
£
£
(174,492)
19,237
(355,164)
-
(529,656)
19,237|At
31/3/21
£
156,549
435,014
80,000|
|---|---|---|---|---|
|||||671,563|
|||||671,563|
|||||19,237|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Property
**TOTAL FUNDS**|At 1/4/19
£
215,978
440,306
656,284
656,284|Net
movement
in funds
£
(3,958)
-
(3,958)
(3,958)|Transfers
between
funds
£
9,164
(9,164)
-
-|At
31/3/20
£
221,184
431,142|
|---|---|---|---|---|
|||||652,326|
|||||652,326|
continued...
Page 19
**YOUNG WOMEN'S HOUSING PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **18. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
GRANTS
**TOTAL FUNDS**|Incoming
resources
£
164,509
278,562
443,071|Resources
Movement
expended
in funds
£
£
(168,467)
(3,958)
(278,562)
-
(447,029)
(3,958)|Resources
Movement
expended
in funds
£
£
(168,467)
(3,958)
(278,562)
-
(447,029)
(3,958)|
|---|---|---|---|
||||(3,958)|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Property
Property provision
**TOTAL FUNDS**|At 1/4/19
£
215,978
440,306
-
656,284
656,284|Net
movement
in funds
£
15,279
-
-
15,279
15,279|Transfers
between
funds
£
(74,708)
(5,292)
80,000
-
-|At
31/3/21
£
156,549
435,014
80,000|
|---|---|---|---|---|
|||||671,563|
|||||671,563|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
GRANTS
**TOTAL FUNDS**|Incoming
resources
£
358,238
633,726
991,964|Resources
Movement
expended
in funds
£
£
(342,959)
15,279
(633,726)
-
(976,685)
15,279|Resources
Movement
expended
in funds
£
£
(342,959)
15,279
(633,726)
-
(976,685)
15,279|
|---|---|---|---|
||||15,279|
continued...
Page 20
**YOUNG WOMEN'S HOUSING PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **19. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2021.
Page 21
**YOUNG WOMEN'S HOUSING PROJECT**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Investment income**
Rents receivable
Deposit account interest
**Charitable activities**
Other income
Grants
**Other income**
Employment Allowance
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Bad debts
**Charitable activities**
Wages
Social security
Pensions
External rents,rates and water
Insurance
Telephone
Postage and stationery
Support work ILS
Repairs
Insurance
Service budgets
Staff healthcare
Staff Training
Travel and subsistence
Computer costs
Freehold property
Long leasehold
Fixtures and fittings
Loss on sale of tangible fixed assets|2021
£
3,846
183,552
111
183,663
2,220
355,164
357,384
4,000
548,893
2,253
311,881
29,038
19,595
31,999
2,275
1,877
2,899
17,050
15,617
4,121
41,267
3,861
1,122
9,679
4,396
7,374
1,188
3,710
391
509,340|2020
£
2,881
158,044
534|
|---|---|---|
|||158,578
50
278,562|
|||278,612
3,000|
|||443,071
10,567
264,123
27,116
18,085
29,083
2,322
3,645
2,320
19,237
4,461
4,000
18,406
3,625
3,337
6,668
3,554
7,374
1,188
602
-|
|||419,146|
This page does not form part of the statutory financial statements
Page 22
**YOUNG WOMEN'S HOUSING PROJECT**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**Support costs**
**Finance**
Bank charges
**Other 2**
Mortgage
**Governance costs**
Auditors' remuneration
Accountancy fees
Professional fees
Trustee expenses
Total resources expended
**Net income/(expenditure)**|2021
£
468
4,261
3,500
8,095
1,161
578
13,334
529,656
19,237|2020
£
495
4,997
3,000
6,996
840
988
11,824
447,029
(3,958)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 23