Registered No. 08606716 (England & Wales) Charlty No. 1152840 ELIZABETH FRY CHARITY (A company limited by guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS For th• yr ond•d 31 March 2022 JAMES COWPER KRESTON Statutory Auditors Chartered Accountants Reading
ELIZABETH FRY CHARITY FINANCIAL STATEMENTS For tho y•ar endod 31 March 2022 CONTENTS Legal and Administrative Infomatlon Chairfs Report Chief Executive's Report Report of the Board of Trustees 6-10 Report of the Independent Auditors Statement of Financial Activlues 2022 13 Statement of Financial Actimties 2021 14 Balance Sheet 15 Cash Flow Statement 16 Notes forming p8rt of the Flnanclal Slatsments 17-28
ELIZABETH FRY CHARITY IRgglstered number: 08606716) LEGAL AND ADMINISTrATIVE INFORMATION For the year ended 31 March 2022 STATUS AND ADMINISTRATION Elizabeth Fry Charity is a charitsble company limited by guar8ntgp. inrxJTthnrHtpd nn 11 Jiily 2011 and cAJmmenced operations on 1 April 2014 GOVERNING INSTRUMENTS: The charitable company 0rateS under Articles of Association in accordance with the Companies Acts and ur¥Jer the Offender Management Act 2007 {4)proved Premises) Regulatior 2014 REGISTERED OFFICE: 6 Coley Avenue Reading Berkshire RGI 6LQ REGISTERED CHARiff NUMBER: 1152840 COMPANY REGISTRATION NUMBER: 08606716 PATRONS: The Rl.Hon.Tha Baroness Corst Her Honour Zoe Smith TRUSTEES: Mrs J Cottrell AFry Mrs J A Howl8S Dr J J Powell Dr C Robert5 A J Rolley M J Tarling Mrs K Whitaker Dr C Wiggin The trustees are also directors of the company R Lawrence-wilson lappoinled 1513r2022) Chair (resigned 719r20211 COMPANY SECRETARY: SENIOR MANAGEMENT TEAM: Chlef Executiv• Offlcer Operatlons Manager FInan Manag•r Referral and Support Managgr BANKERS: Ms F Humphreys Ms L Oakley M$ S WOn Ms N Green Barclays Bank plc 90-93 Broad Street Reading RG1 2AP SOLICITORS: Hewetts 55-57 London Street Reading RG14PS AUDITORS: James Cowper Kreslon 8th Fbor Reading Bridge House George Street Reading RGI 8LS
ELIZABETH FRY CHARITY (Reglstered number- 08606716) CHAIR'S REPORT For the year end•d 31 March 2022 During 2021-2022, a key focus of the Board was Ihe work involved in getting a new organlsational five-year strategy in place to run from 1 April 2022. Trustees were actively involved in d8v8loping the content of the Strategy, and wlll be monitorin9 51s delivery through revlewing the resultsllt annual actic plans al 803rd meetings Ihroughout the p8riod of tho StrAW. Tha Str*t(19y Can ba found on th• Elizab•th Fry w•bwii¥. AJI full Board and Commlttee meetings were held on4ine durfng 2021-2022 las they ware durfng 2020-2021), because of the Covld-19 pandemlc and the need lo minimlse the spread of the infeGlion. Despite that. outsidg of the fomial meetings, Trust8&s have continued lo carry out their govemance responsibilitias. with regular on-line or telephone meelinos held manaqers, staff or. on occasion. sIdentS. The Financè Committee ov8rsaw an improvem9nl in the Charrty's finala1 position durfng the year. th8nks to effective nancial management, improved investment performan¢e and a reduclion in our pension deficit, the lalter belng something that continues to exercise the minds of managers and trustee5. The Charity's re funding from the Minlsty ol Justlce does not enable stsff lo deliver tha ftjll range of rehabilitatSvg aclivilie5 to residents that managers and trustees conslder are required, conseouenlly the Charity ralses funds for spacrfic additional roles and services. Wè ar8 graleftjl for all those who h8ve provided reSoUrS lo the Charity lo hdp improve the lives of those wom8n who have laft prison and moved lo Elizabeth Fry House on licence. The Personnèl & SafeguardiThJ Commlttee has contlnu9d to Ityjk al staffing lssuos under th8 guidance of managers. 11 also reviews all staffing pOIleS and proc8dures on a cyclical basis, and ensures all idenlifigd Iralnlng for staff and Trustees Is undertaken. The Buildlngs and Health & Safety Commlttèè approved, in conlunction with the Finance Commlttee, a number of projects durfng the year that enSUd the AP remained a pleasant and safe placg for resbdenls lo reslde. induding works required that were identified in our annual fire safety report. The Commlttee 81s0 ensures all Haalth & Safety matter5 are considered and associated chgcks carried out, and. wh8n required, necessary actions implamenled. During the pasl year. Mike Tarting, a lowslanding Trustee and Chair of the Buildings and Health & Safety Committee. resrgned from the Board. Mlke made a masslve contiibulicfi to the work of the Charity. parbcularty In Telatlon to the premisas and grounds, and VAII be sadly missed. Wa w8re delighted lo welcome Tony Fry as a new Truslee. Thls has bean 8nother diffi¢ult year for staff and managers, and, as rastrfctions arising from the pondemlc are rdaxed. the Board of Trustees looks fowdrd to things reverting to greater normalcy during 2022-2023. 1 am grateful for the continulng hard work and commitment of my colleague Trustees, Richard-LavK•nc&Wilson, our Board Sacretary. Fh)na Humphreys, the Charity's Chief Executive, and her team of managers and staff. Tony Rolley Chalr to the Board of Trustees
ELIZABETH FRY CHARITY IRogister8d numbor: 088067181 CHIEF EXECUTIVE'S REPORT For the year ended 31 March 2022 In last year's report I was optimistic that the Charfty would soon bè in a position to move away from COVID restrictions and relurn lo op8rating as we were pre-pandefflic. Unfortunately. this has not been the case and, whilst undoubtedly heading in the rtrt diraction. COVID has continu1 lo bo a fgalur8 of our day to day operation8. The wearing of face masks and social distancing remain a requirement 81 the lime of writing, allhough l 8m hopeful Ihis is soon lo change. DespSle tsvo oulbreakg during the year. face lo face meetings and groups have continued lo take p18ce. albeit on a redUd scale. We have SI0Y begun to welcome Msitors back onlo premises and are looking forward lo opening our doors to partner agencies, funders and 'friends' of the Charity during 2022. 1115 8 credit to the team at Elizabeth Fry that Ihey h8ve ¢onlhnugd to pr¢)vide a high-qudity service lo Ihe women Support de¥te the ongoing challenges of COVID. During the year seventy-nine women benefitted from a placement at Elizabeth Fry House. Our Ixcupancy for the year was 64Vo, a reduction in previous years. This has been due to the opening of a new 26 bed Approved Premises for women in Bristol. Anothar 15 bed Approved Premises for women is due to open in London in 2022 which is likely lo further impact our occupancy. We are therefore working with Probation Service colleagues lo ensure ihat referrals are made for all ¥wmen Ytho would benefit from the sUPPOrt and monitoring that an J**proved Premises provides. We have continuad to Seek Wa to support residents during their move from custody to the Approved Premises and women are now routinely offered a videocall wlh a member of the team prior lo arTNal. Visits to prison5 have reCenY become possible again vthich will provide a gTeal opportunity to share information with women prior to their release and reduce some of the anxieties surrounding this transition. Our skilled and experienced staff have continued to provide residents wth one to one and group sessions addressing the range of factors thal led to their offending and supporting women to develop the skills trj lead an offending-free life In futuro. Over Ihe next year we plan to enhance Ihe opportunities available lo re5idenls by employing a Cook lo work alongside residents to prod8 healthy nutritious meals. We also plan to recruit ther8peuli¢ gardener to work with residents in the garden. This will support improvements in residents physical and mental health. vthilst also enabling them to acquire new skills and potentially grow their own food. We hav¢ Gontinued to support women as they move on from Elizabeth Fry House into the community. The Outreach Worker role provides support during this period to enable women to resetde successfully. address challenges appropriately and continue to achieve their goal lo lead a healthy. offending free Ilfe. Feedback from women accessing Ihis Service has been very positiv8 wlh one ex-resklent stating 'Wilhout Julia I would not have been able to go lo important appointmen15 such as assessments and doctors. I fed very supported and have never received this amount of $upport before on release. I have been out of prison over six months and not once had a brush the law or had a drink or drugs.. A Staff Survey was undertaken in autumn 2021 and l am pleased lo say that the results were positive wth 94% of staff responding agree or slrongty agree to Ihe ststemenl .1 arn proud to work for Elizabeth Fry Charity.. As is always the case. the are areas to focus on and for us. this is about team CohoOn and the impact that COVID pandemic has had on the wider team's ability lo spend lime together in a meaningful way. We have addressed (his by re-designing how we hold Team Meetings, providir¥J more opportuniti8s for staff lo give f88dback lo one another and arraroirw3 a number of team events during the next year. The Approved Premises is aKvays a fasunaling. rewarding and challenging enwronmenl in which to work and the last years have meant we've had to adapt and be creative about how we engage with the women we support more than ever. I would therefore like lo take this opportunity to thank the team al Elizabeth Fry House for thr continued hard work and commitment over the last year. Fiona Humphreys Chief Executive Officer
ELIZABETH FRY CHARITY {Rgglst•red number: 086067161 REpnRT OF THF RnAPD OF TP.I IQTEFQ For thg yoar ended 31 Mar¢h 2022 The Board of TTuslees is pleased lo present Sls Annual Report together with the Finarrial Stsiements for the year eiid¥d 31 March 2022. The Flnandal Statements have been prepared in accordance b*ith United Kingdom Genarally Accepted Accounting Praclirp., Standards of Recommended Pracllco (SORP 26). the Charilic5 A¢1 2011. Companies Act 2006 and the goveming documents. The Charity runs as an Approved Premises. govemed as a limited wmpary Charity under ils 2013 ConstitIOn when the predece550r"Elizabelh Fry Home. (governed by a 1925 Private Act of Parliamenll was incorporated. The Charty is also govemed by the requirements of the Offender Management Act 2007 and Offender Managèment Act 2014. From 1 April 2022 the Charity entered a new kn year contract extension with Ministy of Justice lo provtde and manage the Approved Premises. The Charity continues lo operydte the Approved Premises in accordance with the Ministry of Justice Contract and Semce Specrfic8tlon. Our Purpos< mlsslon and a1vIll•• When the Charity was founded in 1853 as the Elizabeth Fry Refuge. the original objects were in line with the social situation of the day, and the application of these objective5 ha$ been kept in line with the changing situation of today. The purpose of the Charity is. For the public bènefit to facilitste the care of alleged offgnders and offenders and their rehabititatvjn." The Charivs misgion ststemenl 15 as follows.. 'The ElSzabeth Fry Ch8rlty provides support to women, mosty on licence from prison, who present th a range of complex neèds. Through tha work we undartak8, wo hdp wom8n to begin to eddre¥¥ the 188ueJ thy face. to improve their lives and roduce the likefihood of further offendiny." The Charity runs the Elizabeth Fry Approved Premlses, a 24 bed Ministry of Justice approved hostgl for wofflen in the criminal Justi system. The Approved Premises provides accommodation. support and monitoring for women on li¢•noe, ball or CoMu1fy aent¢nce and ¥Tv JJ3E55ed as poslng a medium to nign Of causing serfous harm to others. The Charity provides a slruclured regime of interventions aimed at enabling sidentS to begin to address the issues that led lo their offending and empowering them lo make positive changes to their lives. Over the past year we have athieved an average monthly occupancy of 64.35%12021.' 78.65%). A bed booking System and Ellzabeth Fry Charity making available addition81 bed spaces, has enabled u5 to meet the needs of women being released from custody at times of peak greatest need. Occupancy levels are dependent on the number of women being referred to the Charity aloThJ wth successful move on rates and any recalls %thich may occur. and is out ol the control of the Charity. We aSm to continue to aGhieve high occupancy rate5 through ongolng work to develop effective worklng relationships with referrers In prisons. the Nal'onal Probation Service and Community Rehabilitation Companies. Organlsation The staff team is led by a Chief ExeculSve Officer. who is responsible for working with Tnjstees to develop the Charity's strategy and oversee its implementation. The CEO reports to the Trustees. The Operations Manager, supported by a team of professional and household staff. is responsible for the day-to-day running of the Approved Premises. The Charity's Finance Manager is responsible for all aspects of the organisalion's finances and, alongside the CEO, for developing and m8inlaining monitoring systems and finanual policy and procedures. The Referral and Support Manager, responsible for processing referrals lo the Approved Premises and for the physical stsle of the building, is the final member of the management team.
ELIZABETH FRY CHARITY (Reglstered number: 086067161 FpnpT nF THE AnN_4D OF TPI IQTFF¢ I For the year ended 31 March 2022 Oryanlsatlon {Cont'dl Trustees are led by the Chair, who is responsible for ensurin9 the Charity pursues its charitsbl& purposes and the Board fuffils its responsibilities for governance. The Charity operates the followng committees vA)ich each focus specific aspect of the Tunning of the Charity and reFQrt back lo Ihe fvll Board: FinarKe Personnel & Safegu8rding, and Buildings and Heath & Safety There is a rigorous robust recruitment process for new Trustees. Potential Trusloes apply by completing an applicatk)n form and skills Summary. The next step is lo b8 inwted for a discussion with the Chair of Trustees and CEO. If successful, potential Trustees are then asked to meet wth current Trustges and to obseNe a Board Meeting. References and 8 DBS check are obtained before an individual is fomially appointed as a Trustee. There is an induth'on programme for new Trustee8 and ongoing training opportunities including an annual'Away DaK. Flnances Overall Ellzabeth Fry Chariry has had a successful year to 31 March 2022. The Charity made a surplus of £7U.107 on its general unrestricted funds, a £301.000 reduction in its defined benefit pension scheme deficit and continLJgS to maintain a level of available funds deemed sufficient to meet threè months of operating costs. From 1 April 2022 the Charity entered into a year contract extension wtth the Ministry of Justice, which makes up 91% of our totsl in¢oTne ¥19 u5 Certainty until March 2024. The three relevandy qualified managers of Elizabeth Fry Charity may participate in the Royal County of Berkshire pension fund. part of the Local Govemment Pension Scheme. which is a mulli*mployer defined benefit scheme. All other staff are aulo-enrolled in a defined contribution scheme run by NOW Pensions, for which the Charity in 2021- 22 mada an empioy8e contribution of 50A. The day to day runnin9 of the Approved Premises continued to be funded through our contract %Mth the Ministry of Justice. However. Tru51ees felt strongly that, in order lo pmvide an effective and supportive service lo our residents. this needed to be enhanced by the provision of addits'onal seNices and oppcrtunilies. Trustses were therefore indebted to our many financial contributors who gave $0 generously over the finanaal year. We feel we should make special mention of the following benefactors in our accounts: Charlos HawNard Foundation Englefièld TN$t Natlonal Lottory funding of a Housing and Llnk Wor1(er for three years. to further our counselling services provided lo the r65idents fundlng an extra member of staff for 20 hours per week for 6 monihs.
ELIZABETH FRY CHARITY IR•gisteTed number: 086067161 -OThi VF BVARU Or irtiis I jtson*o.j Forthe year ended 31 March 2022 Pay Policy for Sonlor Staff Trustees consider the CEO, Operalions Manager, Finance Manager and ReferrAI And Support Manager to cofflprise the key pald managemeni personnel of Ihe Charlty. All Trustees giv8 of their time freely and no Tnjstee received remuneratKJn in the year. Stsff will usually Commence their employment al the bottom of the scale for their r(4e and move up on8 point annually until they reach the lop of the scale. However. should recruilment lo a specific tx)sl prove difficult or an applicant demonstrate that they have significant relevant knedge and skills coming into a rol8, then consideration is given lo appointing higher than the bottom of the scale. Annual pay awards for staff are considered by Tnjslegs, tsking account of the financial sltualion of the Charity. the envlronmenl in which the Charity operates and anlicipaled future even15. The pay award for 2021-22 took effect from 1 April 2021 and was 2Qh. In 2018-19 the Personnel & Safeguarding Commiltee undertook a wew of the the Charitys Common Pay Splne. and a5 a re5uII The Charity is sotisfied that the pay splne is competitive with pay scales for the National Proballon Service which oparales most Approved Premises. Elizabeth Fry is a stand alone Charity and not part of a larger organisabon. Consequently. members of the senior management leaffl are expected lo undertake work and hold responsibilities in excess of those held by their pears in NPS and this is tskon into acwunl In sottin9 tha •¢tual salary band for each of the four posts covered by this policy. Rlsk revlow Through day to day m8nagement arrangements. Board and committee meetings, the Trustees and CEO keep the Charty'¥ aCtiwtS und8r rèwew. In addition. the Charity undertBk¢$ a of its risk register annually that knu5e5 on the polenlial areas of risk that Elizabeth Fry Charity may be exposed to, the impact of the identified risks and the steps that will be taken to mib'gate the risk5. As of 1 April 2022 Elizabeth Fry ChaTity entered into a year ntract extension with the Ministy of Justice, which provides the Chority wtth finanaal securrty. Tustees continue lo explore strategic opportunitie5 to provlde additional services to residents. Trustees are aware of the ongoing cost9 of maintaining the bjilding to an acceptsble standard and have 5eparat8 des¢gnated funds for the continuing upkeep and refurbishment of the premises to acknowledge this. Invgstment policy The overall investment objectives of the Charity are lo create sufficlent funds through income 8nd capital in order to enable the Charity to cary out ils purposes consistent, year by year and wlth due and proper Gonslderation for future needs. result of a revSew of the investments in 2017-18. the Charfty appointed Smith & Williamson 85 advisors for its porttolio. Trustees believe the portfolio held with Smith & Williamson has boen invested prudentty to achieve both income and capital gr¢th and the Charity'8 investment perfomiance is monilorod by the Finance Committee on 8 mlnlmum half-yearly basls.
ELIZABETH FRY CHARITY IR•gistgrod numbgr: 086067161 RFPORT OF THE FIOARn nF TRI ISTFFS !fr•n!'A ! For the year ended 31 March 2022 Reserles policy Trustees have examined the Charitys requirements for reseryes in the light of the main risks lo the Charity, and, during the year, conducted the annual r8wew of the level of free reseNes required to take account of any immediale cash fiow implications. Elizabeth Fry Charity recognises the nèèd to hold charitable funds as free reserves in order to safeguard continuity of provision of required Seice5 to women, nearfy all of bvhom will be subject to licence conditions followng their release from prison. and to fund periods of unexpected expenditure in excess of income received. In order lo ensure stability. adequate contingency ftjnds should alvAys be available. Trustees have agreed Reserves rk)licy that requires reserves to be maintained al a level that allows core activities lo continue for a period of unforeseen difficulty. Elizabeth Fry Charity aims lo maintain the equivalent of threè months of operating costs as availablè funds1£259.8801. As al 31 March 2022 the Charity has six month of operating costs {2021'. seven) wthin s levd of gengral resgrves. The kvel of reserves held SLSPFQrt Ihe Charity %Mth any inveslmgnt or unexpected expenditure without impacliThJ its day day opgrations. Trustees continue to monitor the pen&on 8cheme deficit. The pension scheme deficit at 31 March 2022 is £1,342.000, a decrease of £301.000 compaTgd wth 2020-21. thOugh the substantial pension deficit liability at 31 March 2022 has had a large Impact on the Chariws available resou$. il does not result in an immediate cash flow impact for Elizabeth Fry Charity. The actuary conducts 8 triennial valuation of the Loc81 Govemment Pension Scheme. arKI sets the employerfs pension contributson rate so as to ensure the deficit is made good over time. The n8xt rèvalualion schedtlled for March 2023. In 2022-23 the Charity intends lo ijndertake a rèwgw of its Local Government Pension Scheme to se8 if the ongoing costs are affordablo and Ihat it still meets the needs of the Charity. The general reserves of Elizabeth Fry Charity are mainly represented through the value of land and buildings. cash and offset by its pension deficit. Publlc benefit As a charity registered in England and Wales. the charitable company a150 reports in accordance with the Charity Commission for England and Wales. guidance on public benefit and the Charities Act 2011. Th8 Charlty advances community developmènt by rehabilitating women offenders for the benefit of indimduals. businesses and society in general. vtho bear the economic costs of crime. Our actimties are organlsed lo ensure that the risk of hami residents pose is wèll-managed. their likelihotsd of rèoffending reduced and their vulnerability addressed. Without compromising thtsse objectives. we will not plaee unnecessary restrictions on those who access our seNces.
ELIZABETH FRY CHARITY {Registergd number: 08606716) ..E BVARD vr JS- Ictis jCoiié'ti.j For the year ond•d 31 Mah 2022 Board of Trustees. respon8ibilities in relation to th• financlal statemonts Company law requires the Trustees to prepare financial ststements for each financial year, %thich gives a true and lair vlew of the stale of the Charity as at the balance sheet data and of ils Incoming resources and application of resources. including income and expenditur¢ for the financial year. In preparing those financial ststements. the Trustees are required to.. select suitable accounting EIle$ and then apply them con%slenlly.' make judgments and eslbmatss that are re88onable arKI prL*Jenl: stste whglher applicable accounting stsndards have been followed, subject to any material departures disc105ed and explained in the financi81 ststemenls-. and prepare the financial statements on the going nCeM basis unless it is inappropriate to presume that the ChaTtty wntsnue on that basls. The Board of Trustees is responsible for maintaining proper accounting records lch disclose wth reasonable accuracy at any time the financAal position of the Charity and enable them lo ensure that the financial ststements comply the Companies Act 2006. They are also responsible for safeguarding the assgts of the Charity and hence for taklng reasonable steps for the PrtIOn detedon of fraud or Oiher lrregu1arfts. The Board of Trustees confirm that so far as they are aware, there 19 no relevant audit informalion of which the Charivs auditors are unaware. They have taken all the steps that they ought to have taken as bsteeS in order to make themselves aware of any relewdnt audit infom)ation and lo establish that the Chariws auditors are aware of that Infom)ation. Approved by the Board of Trustees on 20 Septsmbèr 2022 and signed on its behalf by'.- Mr A J Rolley (
ELIZABETH FRY CHARITY (Reglstered number: 08606716) Report of tho Independent Auditors lo the Trustees For thè yèar onded 31 March 2022 Oplnlon We have audSled the financial statements of Elizabglh Fry Charity {the 'charitabb company'l for the year ended 31 March 2022 which comprise the Slalemenl of Financial Actimties, the Balance Sheet and the Cash Flow Stalem8nl and noles lo the financial slalements, including a sufflmary of significant accounting policies. The financial reporting tramewoik that has been applied in their preparation is applicable law and United Kingéom Accounting Standards. including FRS 102 'Thè Financial Reporting Standard applicable in the UK and Republic of Ireland. {Uniled Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements- give 8 true and fair view of the slate of the charitsble companls affairs as at 31 March 2022 and of its incoming resources and applKalion of resources, induding its income and expenditure, for the year then ended., have been propedy wepared in accordance wlh Unitsd Kingdom Generally Accepted Accounting Praclice.. and have been prepared in accordance wth the requirements of the Companies Act 2006. Ba¥is for opinion We conducted our audit in accordance wlh Intemalional Standards on AuditTng IUK) {ISAs IUK}l and applicable law. Our r65ponsibilities under tho$e standards are lurther described in tho Auditorfs raspon&'tie$ for the sudit of I financial stslements seclKJn of our report. We are independent of the charitable company in accordance with the ethical reqLsirements that are relevant lo our audit of the financial slalemenls in the United Kindgom, induding the Financial Reporting Council's Ethical Standard. and we have fuffilled our ethical responsibilit$ in accordan wth Ihese requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate tr) provide a basis for our audit op¢Non. Coneluslons relatlng to golng concern We have nothing to report in respecl of the followng maitefs in %thich the ISAS (UK} require us to report to you the Trustees. use of the going concem basis of accounting in the 5yeparation of the finanry81 ststemenls is not appropriate. or the Trustees have not dlsclosed In the financlal ststements any idenb.fied fflaterial uncertaintles that May cast *gnrficant doubl about the charitsble company's ability to conb.nue to adopt the going concem basis of accounting for a period of al least tsvelve months from the date when the financial ststemenls are authorised for issue. Other Informatlon The Trustees are responsible for the other inlormatKJn. The other inforniation comprises the information included in the annu81 report, other than the financial statements and our auditor's report thereon. Our opinion on the financial slalements does not cover the other inforfflalion and we do not express any form of assurance conclusion thereon. In connectlon th our audit of the financial statements, our responsibility is to read the other infomialion and. In doing so, consider whether the other information is materially incon51St8nt wlh the financial statemen15 or our knoedge obtained in the audit or olhemse appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required lo detsrmine whether there is a material misstatement in tho financial ststemenls or a rnalerial misstatement of the other infomiation. If, based on the work we have perfom)ed, we conclude that there is a material misstslement of this other infomialion. we are required to We have nothing to report in this regard. Matters on whlch we aro requlred to report by exceptlon We have nothing lo report in respect of the following matters vknere the Charities IAccounts and Reports) Regulations 2008 requires us to report lo you if, in our opinion: the infomiatson glven in the Trustees, Report is inconsistent in any material respect with the finanaal statemenls.. or the charitable company has not kept suffiuent aceountsng records., c the charitable company financial statements are not in agreement with the accounting records and relums.. or we have not received all the information and explanations we require for our audit.
ELIZABETH FRY CHARITY {Rogistered numb•r: 08606716) Report of tho Independent Audltors to the Trustses (Cont'd) For the year onded 31 March 2022 R•spon8lbllltSeg of Trust¢ As 8xplained more fully in the Trustees. Responsibilities Stalemant, ts Trustees IvhKJ are also dlrectors of thH Gompany for the purposes of company lawl are responsible for pr&paryailon or the Thnanclal statements and for being 5ati5fied that they glve a tnje and falr vlew. and for such intamal contrd as the Trustees determine is neces$ary to enable the preparation of financlal 5taternents that are free from material mlsstatemenl, whether due to fraud or error. In preparing the financlal ststements. the Trust¢OS 8re responSie for ass8ssing the chariiable company's ability to continue as a going concarn, disc105ing, as applicable, matters related lo going concern and using the g(yro concem basls of a¢countiTrJ unless the truslegs either intend to liquldate the charitable company or to cease operations. or have no reallstlc alt8mative bul to do so. Audltor's rgsponsSbllities for the audlt of the financlal $tst¢ments Our obj¢clives are lo obtain sOnable a55UTance alx)ul whether the financial statements as a whole are fr88 from material misstatement, whether due to fraud or error. and to issue an Auditorfs rewrt Ihal Includes our opinlon. Rèasonable assurance is a high level of assuranco, bul is not a guarantee that an audll conducted in accordance wlh ISAS IUKI will always dete¢t a material misstatemant when il exists. Misststom8nts ¢8n arise from fraud or orror and are Considered material rf, individually or in the a99gott. they could reasonably ba èxpected to influence th8 gconomic decisions of users taken on the basis of these financial ststemenls. Because of the Inherent Ilmltstions of an audit, there is a risk that we will not d¢ted all iTre9ularilies, indudlng those leading to a matsrf81 rnisstatement In the financial ststemenis or nowompli8nce with wulation. Thi5 risk increases the fflore that compllancè wllh 8 law or regulation Is Igmoved from the events and tran¥8ction3 refiected in th¢ fin¥wal statements. as we wll be less Ilkaly to be¢tsme aware of Instancos of norcOlIanCe. Thg rfsk Is also gr&*r regardlng irregularities occuthng due to fraud rather than error. as fraud invdves intentlonal concealment, forgery, collusion. omlsslon misrepTesentstion. The speafic procedures for this engagement that wa d8signed and performed to detgct material mls5talements In respect of Irregularities, induding fra. wère as fdlows= Enquiry of management an(1 those charged with govèman¢e around actual and potential litigation and daims,. . Enquiry of management and those charged wtth govemance to identify any material instances of non<0mpli88 wtth laws and regulations: ReviewiNJ financial sialement dlsclosur85 and lestlrg to supportlNJ documentauon to assess corryli8nce wrth applicable laws and regulatior., . Pefftjmiru audit work to addmss the T15k of irregulartues due to rnanagemenl overr¥Je of controls, includij tesdng of lournal entroes and other adjustments for 8ppropriateness, evaluating the busin&ss rationale of signmcant transactions outslde the nomial cours8 of business and mviewin9 accwnting estimate5 for evidence of bia$. A further descrfption ol our responslbillles for the 8udil of the finala1 slatem8rts is located on the Financlal Rer Council's website aL' wvAv.frc.org.uklaudltorsresponslb111tiè3. Thls descrIp fomis part of our Audltor's report. Us• of our report This report is mad8 Solely lo the charfta1e CA)mpany's trustees. as a body, In accordance wlth Part 4 of Ch8ritse5 (Ants and Reports) RegulatSons 2008. Our audit has been undertaken so that we mlght stste lo the charitable company's trustees those mattets we aré wuired to state to them in an Auditor5. Report and for no other purpose. To the fullest extent permitted by law. we do not accèpt or assume responslblllty to anyone other than the charftabk company and Its m8mb8rs, as a body, for our audlt WLvk, for this Teport, or for the oplnlons wè have foffi. Darron O'connor BS¢ IHonsl FCCA ACA Senior Stslutory Auditor Date.. 22 Sep.lember 2022 For 8nd on bohalf of- James Cowper Kroston- 8th Flcor, Reading Bridge Hous•, George Street, Reading RG18LS James Cowper Kreston 1$ dlglble to act as an audltor in I¢M of section 1212 of the Companies Act 2006. 12-
ELIZABETH FRY CHARITY {Regist•rgd number: 08806716) STATEMENT OF FINANCIAL ACTIVITIES (Including In¢ome and Expendlture Account) For the year ended 31 March 2022 Vnrestrictqd Funds Rgstrlctgd Funds Total Funds 2022 Notes Incom• and •ndownwnt• from: Donations and legacies Ch8ritable actimties Investrnents 1,885 1,008,417 21.522 1,885 1.062.274 21.522 53.857 Tvt•l 1.031.024 .8J7 1.Qa3,001 Expenditur• on: Charitable activities 1,100.850 52,397 1.153,247 Total 1.100.8&) 52.397 1.153.247 Net gain on investsnents 35,182 35.182 Net Incomd(axp•ndfturg) Other recognised lo$s•$: Acluarial gaSn on deflned benefit pensK)n hgmes 133,8441 {32,384) 15 376.000 376,000 Net movem•rf In funds 342.156 343.616 R•conciliatlon of lunds: Total funds broughl forward at 1 April 2021 1,112,775 54,401 1,167,176 Total lunds carri8d forward al 31 March 2022 1.454,931 55,861 1,510.792 The charity has no rgcognised gains or losses in the year other than that shown above. All the above resuhs were derlved from continuing operations. The notes on pages 17 to 28 form part of these financial statements
ELIZABETH FRY CHARITY {Register8d numbgr: 08606716) STATEMENT OF FINANCIAL ACTIVITIES (Includlng Income and Expenditure Account) For the year ended 31 March 2021 UnrestrSct Funds Re8trlcted Funds Total Funds 2021 Notas Income and endowments from: Donations and legacies Charitable activities Inveslmenls 1,713 1.027,381 21.4 1.713 1.117,1 21,490 9).120 Total 1,050,584 90.120 1,140.704 Expendhuro on: Ch8ritable activities 1,144,5 76,682 1,221,278 Total 1,144,Y 76,682 1,221,278 Net gain on Investments 130.006 130,006 N8t incomellexpenditur•) Otr rwnlsed gains.. Actuarial loss on defined benefft pension schemes 35,994 13.438 49.432 15 1643,0001 1643,000} Net movement In funds 1607,0061 13.438 1593,5681 Rg¢onclllatlon of fund¥". Totsl fLtnds brought forward at 1 Aprll 2020 1,719,731 40,963 1,760,744 Total lunds carrled fonvard at 31 March 2021 1,112,775 54.401 1,167.176 The charity has no CognISed gains or losses in the year other than that shown above. All the above results were derived from continuing operation5. The note5 on pages 17 to 28 fom p&rt of th9¥¢ finanual statements 14-
ELIZABETH FRY CHARITY {Rogi6t•red number: 08606716) IIAIAnr.# .Sh.•At xt 11 Marrh 202? 2022 2021 FIXED AS$s Tangible assets Investments 1,632,261 690,116 1,664,183 639.049 2.322,377 2,303,232 CURRENT ASSETS Debtors Cash al bank and in h8nd 10 20,230 573.345 32.843 555,240 593.575 588.083 CREDITORS: Amounts falllng due wlthln one year {63.1601 81.139) Not Current assats b•ft*re penslon Schemè deflGIt 530,415 506,944 Ngt assets befor8 penslon scheme deflclt Pension scheme dellcil 2.852.792 11.342,000) 2,810,176 (1,643,000) 15 Net a55ets after nSIon sch•m• d•ficit 1,510.792 1,167,176 FUNDS Restricted funds Unrestricted funds Designated Funds G•n•rAI Fynds 55,861 54.401 {344,3771 1,799,308 1,510,792 1816,4281 1,729,201 1.167,176 13 The financial stslements were approved and authorised for issue by the Tntslees on 20 September 2022 and signed on it5 behalf by.- Mr A J Rolley {Chair} 15-
ELIZABETH FRY CHARITY {Rgglstered numb•r: 08606716) Cash Flow Statement for th• yoar ended 31 March 2022 2022 2021 Notes Cash gonefated from operating actlvltles 16 23.915 16,000 Cash Ilows from Inv•$tlng actfvitiès Interest Income Inve5tsnent income Purchase of fixed assets 162) 5.699 {11,4471 293 3.188 Cash provid•d by Investing activities 15.8101 3.481 Decrease In cash and cash equlvalents in the year 18.105 (12.5t9) Cash and cash equivalents at the beginnlng of the year 555,240 567, T59 Total cash and ¢•sh •quiv•lents at th• ond of tho y 573.345 555.240
ELIZABETH FRY CHARITY IRegi$tgred number. 086067161 NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 March 2022 ACCOUNTING POLICIES al 8asl$ of Accounting The financial statements of the tharitable company have been prepared in aOranCe with A¢¢ountsng and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing their accounts in ac¢ord8n¢e with Fin8nci81 Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS1021 leffective 1 January 2019) - (Charities SORP IFRS 1021, the Financi81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} ané the Companies Act 2CQ6. bl Golng concom The Trustees have a reasonable expectation that the Charity has adequate resources to continu8 ts actiwties for the foreseeable fijture after securing a year contract extension with the Ministry of Justice Accordingly. they continue to adopt the g)ing concem basis in preparing the financial statements as Ou1n$d in the Ststsmenl of Trustoes, Responsibilities. cl Incomo Afi income is recognised in the year in which they are receNable. Mlnlsty of Justice The Ministry of Justice fuTrJs apF)roved premises under a contract agreement. Govornmant Grants Government grant income is recognised in the year in thich il is receivable and treated as restricted frjnds. Interest rècèfvable and Investment Ineome Interest receiv88 and investmènt ineoma is r8¢ogn45ed rn the year in which it is receivable. Donations Donations subject 10 specific wishe5 of the donors a treated as restrided funds. Resident Maintenance charge While al Elizabeth Fry House a EeklY maintenance charge is paid by rgsidents as a Contribution to their food, accommodatv)n and utillty costs. dl Expendlture Expenditure is induded on an accnjals basis Induslve of any VAT which cannot be CoVered. All costs are considered to be di¢1 charllable c0515 except the governance costs which relate to the running of the Charity. e) Fund Accountlng Unrestricted funds are available for use al the discretion of the Trustees in furtherance of the objeth'ves of the Charity. Designated funds are'unreslricted. funds allocated by Ihe Trustees for particular purposes. Restricted funds are those donated for use in a particular area or for spoafic purposes. Pension In respect of some staff the Charity contllbules to a superannuation schgm8 al rates set by the scheme acttjary and advised lo the Charlty by the scheme adminislralor. 17.
ELIZABETH FRY CHARITY IRaglstered number.. 08606716) NOTES FORMING PART OF THE FINANCIAL STA.TEMEhjT14 Iprt.fj0 dl For Ihe year ended 31 March 2022 ACCOUNTING POUCIES (CONTINUED) h) Tangible Flxed Ass•ts li) Depreciab'on is prowded on all tangible assets in order to syrite off their cosvvaluation less residual value over Ihelr eslimalèd useful lives al the followng rates.. Freehold buildings SO years (20/0} straight line basis Building improvements 10 years110Yo) straight Ilne basis Fixtures and fillings 5 17 ye8rs120ty/o114Yo) straight line basis Computer equlpment 3 ye8rs1330hJ straight line basis {iil Ass@Is with a value of £5,000 or more are capitalised. Furniture and equipment are written off In the year of purchase, as these are deemed lo not have a long useful life. (ili} Land and Buildlngs were last revalued in 2020 and will be revalued every 5 years from 31 March 2020 or if Trustees deem any malerial change in market value before thls rne. il Tax The company is a registered charity. It has no liability lo corporation tax on bank interest received provided the income is spent on its charltable actmties. j) Investments Investments are included at dosing mid-markol value at the Balan Shget date. Gains or10$$gS on revaluation or on disposal are tsken to the Statement of Financi81 Acliwlies. JUDGEMENTS IN APPLYING ACCOUNTING POUCIES AND KEY SOURCES OF ESTIMATION UNCERTAIN In the application of the charitys accounting WIles, which are deSbed in note 1, Trustees are required lo make judgements. estimates and assump110115 about the carrying values of assets and liabilities that are not readily apparent from other source5. The estimates and undedying assumptions are based on historical experien and other factors that are considered to be ralevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reIewed on an ongoing basis. Remsions to accounting estimates are recognised in the period in vthich the estimate is revised if the revlslon affects only that period or in the period of the revision and future periods if the revision affects the cuThent and futurè pariod8. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Funds Restrictod Funds T¢)t•l 2022 Total 2021 MiTrlstry of Justlc& Government grants Cmher Residents maintenance charge Gr8nts Sundry income 995.226 995,226 1.005,079 348 2,492 12,446 12,446 53.250 1.004 t9,435 89,205 1.290 53.250 397 1.008.417 53.857 1.062,274 1, 117,501 2021 1.027,381 90. 120 1,117,501 18-
ELIZABETH FRY CHARITY (R•gi5terod number: 08606716} NOTES FORMING PART OF THE FINANCIAL STATEMENTS (Cont'd) For th• yoar •nd•d 31 March 2022 INCOME FROM INVESTME15 Unrngtrieted R•strlct•d Funds Funds Total 2022 Tolal 2021 Investment income G8inlllossl from sale of investments Bank interest 18,372 3.212 162) 18.372 3,212 1621 15.803 5,394 293 21,522 21.522 21,490 2021 21,490 21.490 TOTAL RESOURCES EXPENDED Dlr•ct Costs Total 2022 Total 2021 Gov•rnance Salary costs Agency staff Premises expenses Repairs and Improvements to premises Insurance Provisions Equipment costs Household 8xpse5 Medic818xpenses Residents, expenses Residents, counselling Residents, activities Staff training Recruilmgnt Gosts staff travel and expenses Residents, travel expenses Telephone and fax c0515 Stationery and postsge Bank charges Finance costs Ip8nslonl Sundry expenses Legal and professional fees Audit and accountsncy fees Charity and trustees expenses Marketing and advertising costs Depreciatio liwly fund 784,194 23,908 25,897 53.515 18,634 12,651 1.089 20,582 5.513 4,884 2,589 6,581 11.191 1,101 4.061 100 952 5.770 22,387 806,581 23.908 25,897 53.515 18,634 12,651 1.089 20.582 5,513 883.286 12.980 24785 79,016 17.244 15.811 884 17.586 6,852 2,880 4,451 25,462 4,524 1,841 2,776 140 1,868 4,853 230 43,000 964 17,T96 6,900 2,589 6,581 11.191 1,101 4.061 100 952 5,770 75.000 779 19.068 75,000 779 19,068 6,900 1,502 287 43.369 579 1,502 287 43,369 579 t93 42,987 1.122.458 30.789 1,153,247 30.789 (30,7891 1.153.247 1.221,278 Govemance costs 1.153,247 1,221,278 2021 1. 169.535 51, 743 1.221,278 51,743 f51.743) 1,221,278 1,221,2T8 19-
ELIZABETH FRY CHARITY (Registorgd number: 086067161 NOTES FORMING PART OF THE FINANCIAL STATEMENTS Icontv) For Ihe year ended 31 March 2022 EXPENDITURE 2022 2021 Nel incoma is stated after charging.. Depreciation Pension costs Audit fees Trustees, expenses 43.369 62,956 6.900 1.502 42.987 62.540 6.900 STAFF COSTS 2022 2021 Wages and salaries s(al security costs Superannuation c051s 685,364 58,261 62.958 754,547 66.199 62,540 806.581 23,908 883,286 12,g80 Agency stsff 830,489 896.266 No. The average number of employees during the year was: The average number of FTE employèes during the year was: 29 18 30 19 One emplow eamed been £60,0 and £70,00012021.. One). None of the Board of Trustees received any reTnuneration olher than the reimbursement of travelling expenses lotalling £1,50212021'. £nill. The totsl of employee benefits (salary and employgrfs pension conlribulionl paid lo the senlor leadership team in the year lotalled £216,354 12021.. £240,436>. Key management personnel are deemed to be Ihe senior management team a5 disclosed on pag8 3 of thg accounts.
ELIZABETH FRY CHARITY {Rgglsterod numbor: 08606716) NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 Mar¢h 2022 TANGIBLE FIXED ASSErs Computer Equlpmont Fmhold Property Flxturos & FIttIDg$ Total Co¥tlValuation At 1 April 2021 Additions 1,529 1.660,000 72.826 11,447 1,734,355 11,447 As at 31 Mah 2022 1,529 1.660.000 84.273 1,745,802 Depreclatlon At 1 Aprfl 2021 Charge for the year 1.529 33.908 29,115 34,075 14,254 70.172 43,369 As at 31 March 2022 1,529 63,083 48,929 113.541 Nèt Book Valuo As al 31 March 2022 1.596.917 35.344 1.632.261 At 31 March 2021 1.626,032 38,151 1,664, 183 Hlstorical cost 838.005 FIXED ASSEf INVESTMENr 2022 2021 Qu•d Investments Markot Value: 11 April 2021 Income reinvested Unrealised investment gainl{lossl Gainl(lossl from salè of investrnents 639.049 18.500 35.182 3.212 15,827) 491,034 17,185 130,(7)6 5,394 f4,570J At 31 March 2022 690,116 639,049 Hlslorl¢al cost 572.520 548,238 -21
ELIZABETH FRY CHARITY (Registèred number: 086067161 NOTES FORMING PART OF THE FINANCIAL STATEME (contw) For the year ended 31 March 2022 FIXED ASSET INVESTMENT ICONTINUEDI 2022 2021 Shares are held in-. Smith & Williamson - Bonds Govemment- Index knnked Smith & Williamson - Bonds Fund Smith & Williamson - Altematives Smith & Williamson- Propèty Smrth & Williamson- Equities United Kin9dom Smith & Williamson- Equities Global Smith & Williamson- Cash 11,494 70,187 33,960 80,825 173,899 290,684 29,067 10,948 62.297 30,1S) 71,113 169.236 266,333 28,972 10 DEBTORS 2022 2021 Trade debtors PrepayThents Other deb 4,565 13.955 t4323 15.901 4.320 20,230 32,843 11 CREDITORS: AMOUNTS DUE VVITHIN ONE YEAR 202Z 2021 Trade creditors Ac(¥uals Social security costs and other tsxes Other creditors 14,269 9,702 14,392 24,7g7 16,466 9.908 18.389 36.376 63,160 81. 139 12 FINANCIAL INSTRUMENTS 2022 2021 Financial instruments included wlihln the accDunts Gomprise.. Fin8ncial assets measured 8t amorbsed c051 593,575 (63,100) 588,083 (81. 139) Financial liabiliti08 measured at amorbsed cost -22-
ELIZABETH FRY CHARITY IRogistor•d numbgr: 08606716) NOTES FORMING PART OF THE FINANCIAL STATEMENTS (Cont'd) For th• y•ar anded 31 March 2Q22 13 FUNDS Movement In Funds- Currnnt year Unwe5tricted Designated Fundg Fund• Restrlcted Fund# Totsl Fund* At 1 April 2021 Incoming resources Outgoing resources Reallsedlunrealtsed Investment galn Actuarial loss Transfers 86,201 1.031,312 (1.011,683) 35.182 376.OLK) {360,704) 156.308 1,028,574 512 {89.1671 54.401 53,857 (52,397) 1.167,176 1.085,681 11,153.2471 35.182 376.000 360,7(M 1.298,623 Balance at 31 March 2022 55,861 1,510,792 Restated Balan¢9 at Incoming Outgoing Transfer5 & Balance at 1 Aprll 2021 Rosourc•s Resources Galnsl{Losse8131 March 2022 Restricted fund5 Activity Fund Counselling Fund Counselling- Oxfordshire Fund Cookery Fund Substance Misuse Worker Fund Chade5 Hayward Foundation Housing and Link Worker Fund National Lottery Community Fund Total reslrthd funds Unrestricted funds Dgsignaled funds Revaluation Fund Capital Fund AP Development Fund ResKlenl Pathways Fund Mary Phillips Resetuement Fund Pension Fund Totsl designated funds General funds Total unrestricted funds 225 7.052 151 2,750 31,851 607 4,2SO 15791 12.589) 253 8,713 151 2,750 35,796 25,000 121,0551 7,998 4.374 54,401 24,000 {23,8001 14.3741 152.3971 8,198 53,857 55,861 1,001,629 15,884 1,563 5,573 1.925 (1.643.000) 1616,4261 1.729,201 1,112,775 1.167,176 115.2961 986.333 8.297 1,563 1,430 17.587) (4,7431 (2,4371 175,0001 512 {89,1671 1.031,312 (1.011.683) 1,031,824 {1,100,850 1,085,681 {1,153.2471 Included within the inter-fL¢nd transfers is £15,296 which represents the amount of depreciats'on reallocabj on the revalued element of the property. 512 376,fKID 360,704 50,478 411,182 411,182 11.342,000) {344,3771 1,799,308 1.454,931 1,510,792 -23-
ELIZABEfH FRY CHARITY (Registered number. 08606716) NOTES FORMING PART OF THE FINANCIAL STATEMENTS (¢ontd) For the year endad 31 March 2021 13 FUNDS ICONTINUEDI Movgmant In Funds- Prloryear UnrnstrfctedDeslgnat8d Restnct8d Funds Funds Funds Total Funds Al l April 2020 Incomirrg resources Outgoing resources Raalisad/urY88llsèd inV8stnnt gains Actuarial loss Transfers 1,592,017 40.963 1, 760,744 1,050,584 90, 120 1,140.704 (1.058, 702) (84894) f76,682) (1.221,278) 130,006 130.006 f643,000) (643,OLKI) 658,2g6 (658,296J 1.729,201 (616.426) 127,764 Balance at 31 March 2021 54.401 1,167, 176 Restated Transfers Restated Balance at Incoming Outyolng & Galns/ Balance at l April 2020 Resources Resources (Losses) 31 March 2021 Restricted funds Activity Fund Counselling Fund Counselling- 0xfcdshme Fund EfEAssislance Fund Cookery Fund TVP Floperty Act Fund TVP Pmperty COVID-19 Fund The Pilgrim Trust Substance Misuse Worker Fund Substance hthsuse Worker Fund BCF Outreach Workar FtsnLI BCF 1..1 Interv8ntion Fund BCF COVID-19 Resources Fund St Lawrence Clolhing Fund Greenham Trust Coping Skills Toolkit Fund Charles Hayward Foundation Housing and Link Worker Fund Natn81 Lottery Communty Fund Tot81 r8sthcted funds 279 9,143 316 23 2. 750 1.062 915 2,195 (969) (4.286) (165) (23) 225 7,052 151 2, T50 (1.062) (6,000) 2.390 25,0(K) 500 25.000 (2.890) (18, t49) {4,000) (10,000) (6,421) (2,OOOJ (568) 31,851 10,000 6,421 568 24.000 8.521 90.120 (16.002) (4.147) 17&682) 7,998 4,374 54.401 40,963 Unrestric funds Dewgnaled funds R8valuation Fund Capilal Fund AP Developrnent Fund Redent Pathways Fund Mary Phillips Resettlemenf Fund penSn Fund 1,016,925 50,921 (3&03T) 3,612 (2.04g) 9.544 (3,971) 3. 162 (1.837) 957,000 43,000 643,000 127.764 (85,894) (658,296) 1,592,017 1.050,584 {1,058,702) 145,302 Total unrgstriet•d funds 1,719. 781 1,050.584 (1, 144,598 512,9941 1,760, T44 7. 140, 704 (1,221,2T8J (512,994) t. 167, 176 Included within the inter-lund transfers is £8.969 which represents the amount of dewEuation reallocated on the revalued element ofthe property. (15,296) l.Wl.629 15,884 1.563 5,573 1.925 7,643,000 {616,426J t,729.207 t,It2.775 Total designoled fvnds General funds -24-
ELIZABETH FRY CHARITY (Registered number: 08606716) NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For thts yèar onded 31 March 2022 13 FUNDS (CONTINUED) Restricted Fund8 compri88'. Activity Fund Financed by weekly payments from the residents. with residents deciding how the monies are to be spent. Counselling Fund The provision of counselling service$ provided to the residents. Counselling Oxfordshire Fund The provision of counselling services provided lo residents who origir)ale from Oxfordshire. ETE Assislancg Fund To assist residents to increase their employability andlor undertake education or training. Cookery Fund To provide cookery classes for residents. Substance Misuse Worker Fund To fund the position of a Substance Misuse Worker for four years from May 2020. Charles Hayward Foundation Housing and Link W¢yker Fund To fund a Housing and Link Worker for three years. National Lottery Community Fund To fund an extra member of staff for 20 hours per week for 6 months. Deslgnated Funds comprlsfr: Capital Fund To fund future AP decorating costs alongside refurbishment of Warden's kitchen and showers. AP Developn7ent Fund To fund AP garden landscaping. Resident Pathways Fund To help aid successful move on for residents through funding of counselling, educatM)n and 'move on. packs. Mary Pthllips Resettlem8nt Fund Fund sel up in memory of Mary Phillips to help aid successful 'move on, for residents. -25.
ELIZABETH FRY CHARITY {Reglstered number: 086067161 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the vear ended 31 March 2022 14 ANALYSIS OF NET ASSETS BETWEEN FUNDS N#t Assot8 - Curront yoar Unrestrlcted Funds Deslgnated Fundg Reslri¢ted Funds Total Funds Fixed assets Investments Net current assets Pension scheme deficit 645,928 690.116 1,805.265 11,342,000) 986.333 1,632,261 690.116 530,415 {1,342,000) {1,330,7101 55,861 1.799,308 (344,377) 55,861 1,510.792 Net Assets . Priory•ar Unrestricted Deslqnated Funds Funds RestnTcted Funds T¢)tal Funds Fixed assets Investments Net current assets Pension sGhen78 deTtt 662,554 639.049 427.598 (1,643.000) 1,001,629 1,664. 183 639,049 506.945 (1,643,000) 24.945 54,401 86,201 1,026,574 54.401 1,167,176 15 PENSIONS The three relevanlly quallfled managers of Elizabeth Fry Charity may participate in the Royal County of Berkshire Pension Fund, part of the Local Government Pension Scheme, which is a mulli-employer defined final salary statutory scheme. The Fund is administered by the Royal Borough of Windsor and Maidenhead, in accordance with the L?1 Government Pension Scheme. The most recent formal review of the Scheme was carried out by Barnelt Waddingham and covered the three years to 31 March 2019. Contributions lo the scheme are charged to the statement of financial activities so as lo spread the cost of the pensions over the employees, working lives with Elizabeth Fry Charity- The movement in value of the pension deficit has been fully rdecled within the actuarial loss on the scheme. 2022 2021 Assumptions Salary increase Pension inGreases (CPI) Discount rate 4.15% 3.15% 2.60% 3.85% 2.05% -26-
ELIZABETH FRY CHARITY (Reglstered number: 08608716) NOTES FORMING PART OF THE FINANCIAL STATEMENTS (contd) For thg ygar gndad 31 March 2022 15 PENSIONS {CONTINUED) 2022 2021 Foir Voluo of A¥aots Equities Other bonds Propety Target retum Commodities Infrastructure Longevity insurance Cash 1.042 271 201 878 239 181 60 205 1811 35 120 (80) 67 Totsl 1.678 1,465 N•t Ponslon LlobS11ty Estimated employer assets Present value of scheme liabililies 1.678 {3.0201 1.465 (3. 108J Not Ps1On Llablllty 11,3421 (1,643) The reconclllatlon of asset8 was: Opening fair value of assets Interest on assets Retum on 8ssets {less interest) Administrative expenses Contributions by empbyer Contribution5 by scheme parUcipallts Eslimaled beneffils paid net of transfers in Other ¥luorial Ilossesygains 1.465 30 173 1,288 30 734 (l) 39 15 (40) 13 {451 Fair value of assets carried forward 1,678 1,465 The reconclllatlon of Ilabllltlos was: Opening scheme liabilities Cuent service $t Interest Cost Change in financial assumptions Contributions by scheme participants Estimated beneffils paid nel of transfers in Changè in demographic assumptions Experience Ilossygain on defined beneff( oblwJation Past semce costs. includiro eurtailments 13.1081 {841 1631 210 1131 (2,245) (59) (52) (832) (15) 40 25 30 171 Present value of scheme liabilities -27-
ELIZABETH FRY CHARITY (Roglstered numbgr: 088067161 NOTES FORMING PART OF THE FINANCIAL STATEIAENTS (r.nnf'dJ For the year ended 31 March 2022 15 PENSIONS (CONTINUED) Anatysls of amounts to b6 rQgnISed In galns and loss•s sectlon of SOFA: 2022 £'ooo 2021 Actuarial ILossyGaln in Scheme 376 (643) History of &xperfence gains and losses Defined Ben8fit Obligatn 13.0201 (3. 108) Scheme Assets 1,678 1,465 Deficit 11.3421 11.643) 16 RECONCILIATION OF NET INCOMING RESOURCES TO NET CASH INFLOWS FROM OPERATIONS 2022 2021 Net1gxpendilurelAncoffle las per the slalement of finanaal 8Gtiwties) Add back dèprecuatson charge Less unrealised gain on Investments Less investment iome shown in invesllng activilies Decreasel{Increasel in debtors {Decrease)fincrease in creditors Add back defined pension sch8m8 charg0$ (32.3841 43,36Q {35.1821 (21.5221 12,613 {17.9791 75,000 49.432 42,987 (130,006) (21.490) 18,142 (18,065) Net Gash provlded in operatlng activltles 23,915 116,000} 17 RELATED PARTY DISCLOSURES Our Chair, Anthony Rolley, be¢ame a Trustee of The Indep8ndent NatKJnal Approved Premises Association Community Interest Company {NAPAI in April 2019. In the year, the Charity paid NAPA £6,00012021= £4,800) for A ran9è of includin9 or9•ni¥tn9 hoating of meetin9• IndvJpe77derrt Appr Prrml3v IIAP) managers and Trustees from 8cros5 England. an annual ¢onforence for IAP managers and Tru81ees and s18ff training. -28_