Charity number: 1153070 **The Margins Project (Charitable Incorporated Organisation) Report and Financial Statements 31 March 2021** **The Margins Project Report of the trustees for the year ended 31 March 2021** |||**Pages**| |---|---|---| |1.|CIO Details and Advisors|2| |2.|Principal Aims, Objectives and Activities|3| |3.|Achievements and Performance|5-7| |4.|Plans for the Future|8| |5.|Financial Review|9| |6.|Structure, Governance and Management|10-11| |7.|Fundraising Approach|12| |8.|Statement of Trustees’ Responsibilities|13| |9.|Independent examiners’ report|14| ||Statement of Financial Activities (incorporating an income and expenditure account)|15| ||Balance Sheet|16| ||Notes to the financial statements|17-23| 1 **The Margins Project Report of the trustees for the year ended 31 March 2021** ## **1. CIO’s Details and Advisors** Charity number 1153070 Registered office Union Chapel and operational 19b Compton Terrace address Islington London N1 2UN Trustees Trustees who served during the period and up to the date of this report were as follows: Tom Linton-Smith Kathryn Dixon Jean Appleyard Vaughan Jones Bankers Barclays Bank Plc Highbury Corner Branch 2 Highbury Corner London N5 1RE Solicitors Bates, Wells and Braithwaite London LLP 2-6 Cannon Street London EC1 6YH Independent Goldwins Examiner Chartered Accountants 75 Maygrove Road London NW6 2EG 2 **The Margins Project** **Report of the trustees for the year ended 31 March 2021** ## **2. Principal aims, objectives and activities** The Margins Project was established in 1992 by Union Chapel to help those experiencing marginalisation, crisis, and homelessness. It primarily helps those in the London Borough of Islington and surrounding boroughs. In 2013 it was registered as a CIO. Its object is to relieve need, hardship and distress of persons who are in need by reason of their social and/or economic circumstances, in particular those who are facing homelessness and poverty, by providing a range of services. ## **Our Values:** 1. Inclusion: we strive to support people whom other agencies do not. 2. Personal: we tailor our work to the individuals we work with, providing in-depth support that has a meaningful impact for them. 3. Empowerment: we provide people with the time, tools and opportunities to realise their potential and succeed in their own right 4. Quality: we are a team of specialists who aim high, because people facing homelessness have a right to be supported by experts. ## **Vision statement:** We are here for people facing homelessness. We believe that everyone deserves an opportunity to flourish and realise their potential, and find a place of dignity in society. ## **Mission statement:** People facing homelessness will achieve significant improvements in their employment prospects, wellbeing, and/or housing situation. They will achieve this through an in-depth programme of supported employment, personal development, and housing support; tailored to the individual. We aim to support our service users to achieve the following outcomes: - Increased quality of life through better shelter, food, hygiene and safety, access to temporary, permanent accommodation and prevention of eviction; - Improved physical and/or mental health and well-being; - Improved economic circumstances through access to benefits and employment; - Improved life skills and employability skills; - Improved confidence and self-esteem. We do this by providing the following services. - A Crisis Drop-in, twice a week offering food, showers, laundry and clothing, hardship support, and emergency packs. Newcomers receive an initial assessment so that we can work on each individual case; - A Housing and Benefits Advice service during the Drop-ins and remotely outside its hours with referrals to specialist agencies including health services, debt management advice, immigration advice and domestic violence support; - Well-being support and mentoring; - An intensive Supported Employment Programme in the Margins Cafe with ancillary support such as job club, therapy and ESOL. - In addition we run a Winter Night Shelter as part of the 7 venue CARIS night shelter network. 3 ## **The Margins Project** ## **Report of the trustees for the year ended 31 March 2021** ## **Public Benefit** In shaping the objectives and planning activities for the year, the Trustees have considered the Charity Commission’s guidance on public benefit, including the guidance on public benefit and fee charging. In accordance with Section 17 of the Charities Act 2011, the trustees consider how planned activities will contribute to the aims and objectives that have been set. The trustees ensure that all activities are in accordance with the equal opportunities policy of UCP and give careful consideration to the accessibility of the services to those on low/no income, by offering all services and activities without charge. 4 **The Margins Project Report of the trustees for the year ended 31 March 2021** ## **3. Achievements and Performance** ## **A Year of COVID-19** 2020-21 was a hugely challenging year, not only for Margins but for other organisations across all sectors, our local communities and the general population. On March 18 2020 lockdown regulations meant that Union Chapel, where we are based, had to close as a venue, resulting in a major loss of income, reduced staffing and capacity. This also meant the closure of the Margins Café, which served its audiences and the loss of significant income that supports the work of Margins. Lockdown and the closure of the café also meant that we could not run our Supported Employment Programme, which has a long and successful history of providing training and employment to people who experience homelessness. This flagship programme has a proven record of engaging trainees and equipping them for employment beyond their 4 months at Margins with the majority achieving excellent job retention in both hospitality and other sectors. We were fortunate to be able to run our night shelter until the end of March 2020. We then worked hard, with our staff directly working with Islington Council to find places for 13 rough sleepers into hotel and similar accommodation through the government’s ‘Everyone In’ Scheme. However the January to March 2021 Shelter did not open due to dormitory accommodation being unsuitable for social distancing regulations That was a brief summary of what was unable to happen. But what did occur was a testimony to the dedication, resilience and agility of both the Margin’s Project and Union Chapel Project, working with drastically reduced teams, constantly changing COVID-19 regulations and periods of furlough. Union Chapel Project pivoted its remaining resources and along with Margins, Islington Council, the Museum of Homelessness, Streets Kitchen, The Outside Project, Simon Community and other partners established Islington’s Homeless Task Force (the UK’s first Covid19 Homeless Task Force). Union Chapel Project turned its Sunday School Hall into a donation centre and Margins Crisis Co-ordinator managed a team of volunteers sorting and distributing, food, clothing and essential goods. Margins reached out to 691 individuals and households. Together with Union Chapel Project and the Church we: - worked with Help on Your Doorstep to support the most vulnerable across Islington, through phone advice and bringing goods to over 70 vulnerable people’s doors, including those self-isolating; - supported Islington Council and Streets Kitchen with outreach foodbanks - Maintained telephone support for vulnerable residents who attended in Union Chapel’s vital Culture Cafe, before the venue closure. ## **Crisis and Support Services** At first Margins was able to continue operating its Crisis Drop-in with food provision, access to showers, laundry and 1 to 1 Housing and Benefits advice. But as the Pandemic worsened and lock down rules tightened, we switched our energies to an outdoors service, with Iraj, our chef / trainer producing a hot food takeaway which could be collected from the door without the need to enter the building. Wherever possible advice was giving remotely through mobile phone or telephone and if not, socially distanced on a park bench. As Daniela our Crisis Coordinator remarked: _"Anyone can come and see us but we have predominantly worked with those facing homelessness, benefit issues and social isolation. We rely on face to face contact thus had to rethink how we can engage with people on a regular basis with social distancing and all the Health & Safety measures in place for all alike at this time. We have reopened a food-takeaway only for people in need."_ _"We established safe ways of working with a small crew, and have been greatly humbled by the willingness of our volunteers to continue to work during this difficult time. We have turned the Sunday School Hall into a little hub for our donations and redistribution efforts in addition to the food takeaway."_ 5 ## **The Margins Project Report of the trustees for the year ended 31 March 2021** With greater anxiety and confusion over lockdown rules, the need for our Advice Service became ever greater. When other staff were furloughed we kept this going. Nick, our Advisor said: _"Those I have been thinking about most during all this are the people that have not made it into hotel accommodation or have been evicted during this time or don't have any ways to communicate with loved ones and vital services remotely because they don't have phones or access to emails and internet because everything is shut including libraries. Most of us may take this for granted and yet access to internet and a simple devise are vital to be able to conduct any amount of activities/business these days."_ _"We have over two hundred people registered with our service and since adapting to this new way of working - engaging with individuals over the phone and via email - I have never been busier"_ ## He added: _"The majority of service users who were street homeless have now been placed into hotels, however this isn't a permanent solution and issues requiring support around benefits, such as appeals, incorrect deductions, new claims, general queries, all continue, and need addressing with ongoing support."_ _"It isn't just individuals who are street homeless who are being supported, but also those at risk of homelessness. For example, I spoke with a young lady who lives in temporary accommodation and unfortunately lost her job due to lockdown. Because of this she had a shortfall in her rent and had been threatened with eviction by her landlord. I was able to signpost to the legal team at citizens' advice bureau and the Islington law centre (as it is currently illegal to evict during the covid19 crisis.) I was also able to access the council's Resident Support Scheme and apply for a Discretionary Housing Payment to make up the on-going short fall in her rent. I was also able to send out food vouchers as she was struggling financially and finally I completed benefit calculation to ensure she was receiving all benefits she was eligible for.'_ _Navigating the benefit system can be difficult at the best of times and especially now during the lockdown with other support services closing it is particularly challenging for our service users. With Libraries closed, Benefit offices closed, hugely extended waiting times on DWP telephone helplines, it compounds an already difficult situation. Many of the people we work with have limited IT skills but now most don't even have access to the internet, however so long as I can speak with them on the phone we can overcome this issue and try to address and resolve the problem."_ Despite the significant challenges presented by fast changing COVID-19 regulations Margins still managed to directly support 223 individuals over the year through 567 advice sessions, with 140 identifying as male and 83 as female. In addition to the 13 rough sleepers we placed in 'Everyone In' hotel accommodation we helped a further: 2 people into permanent accommodation 7 into temporary accommodation, placed 5 into shelter, referred 18 to Streetlink, made 8 housing applications prevented 2 evictions and dealt with a further existing 18 landlord issues (thus preventing further eviction) made 2 referrals to immigration services and 1 to the EU resettlement scheme . In addition: We helped with 65 benefit and 14 Universal Credit issues, made 14 benefit applications & 2 successful benefits appeals, made 3 employment referrals, placed 2 into training, referred10 to debt advice and 5 to legal advice. 42 people, assessed as being particularly vulnerable, received a twice weekly mental health and welfare check-up while a further 8 were referred to mental health services, 3 to drug & alcohol services and 1 to domestic violence support. ## **What our Services Users said** _“I want to thank you for all the help and advice you have given me and much a needed support with accessing advice.”_ _“Thanks for contacting me it means a lot; I haven’t spoken to anyone in weeks”_ _“Thanks so much, I received the vouchers and was able to buy toiletries and top up my mobile!”_ _“I really appreciate the call; it’s really reassuring to know I can get hold of you in future if I have any questions about my upcoming benefit decision.”_ 6 ## **The Margins Project Report of the trustees for the year ended 31 March 2021** _“It’s so nice to hear a familiar voice, thank you for reaching out.”_ _“Thanks for the referral, CAB contacted me yesterday and have taken on my case”_ _“Will you thank Daniela when you speak to her, the shoes are perfect I picked them up last week.”_ _“When I heard you were closing because of coronavirus I was so upset, I love coming down, it’s such a friendly place…. I can’t wait for you to reopen, say hi to Daniela, and please let me know when you reopen.”_ _“It’s such a massive stress off, knowing you’re at the end of the phone, thanks for the call, I’ll save your number”_ _“I really hope you guys open soon, you’ve always given the best support, always friendly and such lovely staff, I really mean that, I’m going to miss you guys.”_ _“I can’t believe we won the appeal, they’re backdating it for a year, it’s nearly five grand!”_ _“The council have finally offered me and my daughter a two bedroom flat, I had to come down to tell you face to face, thank you so much for all your help, we’re so happy.”_ ## **Meet a Volunteer** Margins has a wonderful team of caring and dedicated volunteers, without which we would struggle to offer our services. One such example is Archie who has been with us for nearly 2 years, joining us shortly after the first COVID-19 lockdown. He found us through an Islington Agency that specialises in advertising opportunities for potential volunteers to link up with the Islington Community Sector. Archie was attracted to Margins for a number of reasons. He said that many years ago he had volunteered for Centrepoint and that currently people who experience homelessness are facing some of the greatest challenges. He also lives locally in Highbury, loves the Union Chapel, where he has seen some of the best gigs and although personally not religious, admires their non-conformist stance. Another big plus was the flexibility of the role, in that he didn’t have to commit to strict regular hours, which as busy freelancer suited his work patterns and made it possible to be involved. At first he just offered himself as unskilled labour making teas and coffees or whatever tasks he was asked to do. He was wary of talking to our guests as he didn’t want to cross any boundaries. But through encouragement of staff and other volunteers he soon started chatting away while making a cup of tea and desperate to hear people’s stories. Archie remarked that “ _As a TV producer and director I have a natural curiosity and empathy for others”_ . What he has learnt and would advise others seeking to volunteer is not to judge people for what they look like or by their circumstances. He said that “just because someone displays mental health issues it doesn’t mean that they are not intelligent or creative. Archie says there were many things he did not know about homelessness and has come away with a greater respect admiration, empathy and stronger focus for people who face these issues. He is also highly complementary about the other volunteers and staff, “they are a great team”. Finally he admitted that he had become “emotionally attached to Margins” We want to thank Archie and all our other volunteers for their invaluable support. 7 **The Margins Project Report of the trustees for the year ended 31 March 2021** ## **4. Plans for the Future** During the current financial year 2021-22 we have slowly been easing out of lockdown. Although kept our food takeaway and befriending operating from our door we began, with temperature testing measures in place, limited numbers of people back into the building for showers and 1 to 1 advice. In April 2021 we were delighted to welcome Amanuel Woldesus to our Team as Head of Margins. He is very much part of planning Margins’ future direction and mode of operation. Amanuel comes with vast experience and expertise in the fields of Media, Community Development, Refugees and Homelessness. Union Chapel was able to tentatively re-open as a venue in June 2021 and fully in the Autumn. They have generously allowed us use of the Lower Hall so that in October 2021 we could allow people back into our-drop with greater social distancing space. We provided food inside rather than takeaways for a period; however this reverted to an outdoors service once again as the omicron variant hit London in December. We are still not in a position to re-open our Winter Shelter in January 2022 as dormitory-style night shelters are not permitted. We re-launched the Margins Café and with it the Supported Employment Programme in November 2021. In time we want to offer more training opportunities throughout the whole of Union Chapel in Sound and Light Technics, Stage Management and Stewarding. The Omicron variant has spread fresh doubt on the way forward, but whatever the future we will endeavour to put the needs of our service-users at the forefront of what we do. Daniela Sbrisny decided to move on in April 2021 after years of service at Margins and Union Chapel. We want to thank her for energy and dedication and wish her all the best in her next career. 8 **The Margins Project** **Report of the trustees for the year ended 31 March 2021** ## **5. Financial Review** This financial year has included a level of investment for the organisation, including investment in staff. This has been funded by unrestricted reserves that have accumulated over the past few financial years. In summary: - Total incoming resources increased by 21% to £254,677 (2020: £209,886) - Total resources expended decreased by 7% to £244,864 (2020: £244,864), resulting in - Net funds of £25,857 (2020: £ -34,978)). ## **Income** Income for the period was £254,677, of which £96,529 (38%) was from donations, £125,968 (49%) was from charitable activities and £32,179 (13%) from other trading activities. ## **Expenditure** A breakdown of the £228,820 expenditure for the year, includes £124,265 (54%) for Crisis Services, £70,308 (31%) for the Supported Employment Programme and £34,246 (15%) towards Fundraising costs. ## **Reserves Policy** UCM’s reserve policy reflects the organisation’s wish to strike a balance between two financial objectives. Firstly the need for financial stability and secondly the want to expand the range services offered. As at 31 March 2021, the level of Reserves was £109,963 of which Restricted Funds was £26,581 and Unrestricted General Funds was £83,382. The trustees have examined the requirements and the nature of the charity’s work and agree that of the unrestricted funds: - £5,994 Invested in Tangible Fixed Assets - £30,000 Free reserves equivalent to 12 weeks’ general fund expenditure - The remaining £47,387 will support the general growth of the organisation in the coming years. This, the trustees believe, will provide flexibility to maintain financial stability on an on-going basis in the event of a shortfall in income or unexpected operational cost. 9 **The Margins Project** **Report of the trustees for the year ended 31 March 2021** ## **6. Structure, Governance & Management** ## **Constitution** UCM is a registered Charitable Incorporated Organisation (CIO) (Charity Registration no 1153070), registered on 25 July 2013. It is governed by a constitution which establishes the objects and powers of the charitable organisation. ## **Structure, governance and management** UCM is one of three organisations operating from Union Chapel in Islington; the other two being: - Union Chapel Project (UCP) (Charity no 1010166, Company number 2583801) - Union Chapel Directions (UCD) (Company No: 030472557) UCP is the sole member of UCM. The board of trustees of UCM is drawn from directors of UCP and from the wider community, and through this governance relationship UCM works within the aims and objectives of UCP. Prior to being registered as a CIO, UCM had operated for nearly 20 years as part of UCP, governed by UCP’s board of directors ## **Objectives and activities** The object of the CIO is to relieve need, hardship and distress of persons who are in need by reason of their social and/or economic circumstances, in particular those who are facing homelessness and poverty, through a range of services including providing a safe space where they are encouraged to explore and develop their potential and feel empowered to progress towards their recovery. The Margins Project offers an in-depth programme of supported employment, personal development, and housing support; tailored to the individual. This includes paid employment in our commercial kitchen, personalised housing and benefits advice, as well as food, shelter, and other essentials. Working together with Margins, people facing homelessness achieve significant improvements in their employment prospects, wellbeing, and housing situation. The trustees will review the aims, objectives and activities of the CIO each year. This report looks at what the CIO has achieved and the outcomes of its work within the last 12 months. The trustees report the success and any areas of concern, for each key activity and the benefits the CIO has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the CIO's aims, objectives and activities remain focused on its stated purposes. The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the CIO's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set. The major risks to which the CIO is exposed, as identified by the trustees, have been reviewed and systems have been established to mitigate those risks. ## **Organisation** The business of the charity is supervised by the Board of Trustees which meets six times each year, or more frequently if required. The Trustees are responsible for the strategic objectives of the organisation and to review the charity’s annual budget and operational plan. ## **Employees** Day to day management and operations of the CIO are delegated to its paid staff with specific responsibility for activities within the building. Margins has two full time and nine part time staff, as well as twelve trainees on the supported employment programme. The staff are supported by a pool of approx. 50 volunteers. 10 **The Margins Project Report of the trustees for the year ended 31 March 2021** UCM strives to be an equal opportunities employer and applies objective criteria to assess merit. It aims to ensure that no job applicant or employee receives less than favourable treatment on the grounds of age, race, colour, nationality, religion, ethnic or national origin, gender, marital status, sexual orientation or disability. Selection criteria and procedures are reviewed to ensure that individuals are selected, promoted and treated on the basis of their relevant merits and abilities. Salaries are reviewed on an annual basis by a remuneration committee. All employees are given equal opportunity and, where appropriate and possible, special training to enable them to progress both within and outside the organisation. ## **Appointment of Trustees** As stated in the constitution there should be between four (min) and nine (max) trustees. The Board of Trustees of Margins is drawn from Directors of Union Chapel Project (UCP) and from the wider community. When considering new trustees, the Board has regard both to the organisation’s need for any specialist skills and to the diversity of the Board’s membership. All trustees give their time voluntarily and receive no benefits from the CIO. Any expenses reclaimed from the CIO are set out in Note 8 to the accounts. ## **Trustee Induction and Training** New trustees undergo an orientation day to meet key staff and other trustees. An information pack is provided that includes the Charity’s Constitution, recent audited and management accounts, the business plan and organisational chart and the Charity Commission’s information on Responsibilities of Trustees. Trustees are encouraged to attend appropriate external training events, where these will facilitate the undertaking of their role. ## **Risk Management** The trustees are responsible for overseeing the risk management strategy for the organisation. A comprehensive review of risks and opportunities is carried out annually by the trustees and the staff are responsible for overseeing and mitigating risks throughout the year. Currently, the key risks facing the CIO are staff capacity, safeguarding, and financial activity. - As a community charity, Margins has a responsibility to achieve the maximum possible impact with finite resources. Staff capacity is therefore kept under constant review and contingency/succession planning is built into the business plan. - Margins' client group includes people who are at risk of harm or abuse. As such, the CIO has robust adult and child safeguarding policies, and a training plan is in place to ensure all staff and volunteers have the necessary understanding to recognize and respond to safeguarding concerns. - As with any charity that relies on grants and donations to fund its activity, the UCM board in conjunction with the fundraiser keeps close track of grants awarded, to ensure financial stability. In addition £30,000 has been set aside as free reserves equivalent to 12 weeks general funds expenditure. Therefore the trustees are satisfied that systems are in place to mitigate risks identified. 11 **The Margins Project** **Report of the trustees for the year ended 31 March 2021** ## **7. Fundraising Approach** Margins’ approach to fundraising is to be clear, transparent and friendly. We use internal personnel on an employed or self-employed basis with a clear remit and line management. We do not engage with 3rd party fundraisers or commercial operators except for online providers such as justgiving.com. We fundraise for activities and services within Margins’ aims and objectives. We fundraise through formal applications to Trust and Foundations, Corporate Supporters and Statutory bodies. We also receive donations from individuals, mainly generated through our website, or through ticket sales and donations at particular fundraising events. At no point is anyone pressurised into donating and we respect anonymity when requested. The internal fundraiser is responsible for managing all donated funds and reporting on income and expenditure. The Board of Trustees reviews fundraising income, expenditure and procedures on a quarterly basis and the fundraising strategy is reviewed annually Margins is registered with the Fundraising Regulator and abides by its Code of Practice. Margins’ has reviewed its procedures in light of GDPR. Margins’ has not failed to comply with the schemes or standards mentioned above. Margins has received no complaints about its’ fundraising activities done by itself or by someone on its behalf. Margins does not consider its fundraising activities as intrusive into a person’s privacy and does not carry out unreasonably persistent approaches or create undue pressure to give. However, to ensure that vulnerable people are protected it has adopted guidance from the Institute of Fundraising’s _Treating Donors Fairly – Fundraising with People in Vulnerable Circumstances_ guide. 12 **The Margins Project** **Report of the trustees for the year ended 31 March 2021** ## **8. Statement of Trustees’ responsibilities** The Trustees are responsible for preparing the Trustee’s Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charity 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to: 1. Select suitable accounting policies and then apply them consistently; 2. Observe the methods and principles in the Charities SORP; 3. Make judgements and estimates that are reasonable and prudent; 4. State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 5. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the CIO will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees on date and signed on their behalf by ## **Vaughan Jones Chair** 13 **The Margins Project** **Report of the trustees for the year ended 31 March 2021** ## **9. Independent Examiner’s Report** I report on the accounts of The Margins Project for the period ended 31 March 2021, which are set out on pages 13 to 21. This report is made solely to the trustees as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for my examination, for this report, or for the opinions I have formed. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - Examine the accounts under section 145 of the 2011 Act; - To follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - To state whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: - Which gives me reasonable cause to believe that in any material respect the requirements: - To keep accounting records in accordance with section 130 of the 2011 Act; and - To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or - To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Anthony Epton Goldwins 75 Maygrove Road, London. NW6 2EG Date 14 The Margins Projert Statement of financial activities (incorporating an income and expenditure account) For the year ended 31 March 2021 2021 Totsl 2020 Total Unrestrirted Restiicted Note Income trom: Donations & Gr8Ats 90.529 90,529 80.052 Churituble Gctiwtie& Crisis Services Supported EMplO￿ent Programme 117,963 8.005 117,963 8,005 35,255 94,415 Other Trodin9 octiipjtiu.. Investmen¢ Income 32,136 32,136 164 Total Income 128,709 125.968 254,677 209,880 Expenditure on: Choritsble octi1￿tieS.' Crisis Services Supported EMplO￿ent Programme Support Groups 11.134 50.053 113.132 20,255 124,265 70,308 75,021 137,363 4,098 (Wier octiviti Fundraising Activities 34.246 34,246 28.382 Total expenditure 95,433 133.387 228,820 244,86* Net income / (expenditure) before Det8aillS osses) on investments 33.275 (7.419) 25,857 (34,978) Net gains / Oosses) on investments Net income / (expenditure) for the year 33.275 (7,419) 25,857 (34.978) Transfer5 behyeen fund5 Net ￿0Vement in funds 33.275 (7.419) 25.857 (34.978) Reconciliation of funds: Total fl￿dS brou8ht fonyard 50.106 34,000 84,106 119,084 Total funds carried forward 83,381 26,581 109,963 84,106 All of the abotfe results are derived from conlinuujg acti￿1 There were no other recogntsed g￿n$ or losses otherthan those rtated abov& The attached notes form part ofthese finall{￿1 St￿ten￿nt& 15 The Margins Projert Balance sheet As at 31 March 2021 Z021 2021 2020 2020 Note Fixed assets: Tangible assets io 5,994 5,994 2.369 2.369 Current assets: Debtors Cash at bank and in hand li 2,694 174,353 177.047 7.496 80.406 B7.902 Liabilitie5: Creditors.. amounts falling due witbin oneyear 12 73,079 6,165 Net current assets / Oiabilities) 103,968 81.737 Total net a55ets / Oiabilities) 13 109,963 84,106 Funds Restrirted funds Unrestricted funds.. General funds Total unrestrirted funds 14 26.581 34.000 83.381 50.106 83,381 50.106 Total funds 109,963 84,106 The financial ststements were approved and authorised for issue by the Tn￿teeS on 28th Janl￿ry..2O￿ and signed on their behalf by.. Vaughan lones Chair 16 The Margins Projert Notes to the financial statements For the ended 31 March 2021 l AccountingpoliLie5 a) Basis of preparation The financial statements have been prepared in accordance with Accountin8 and Reporting by awities.. Ststerrtent of Recomrrtended PrArtic2 applicAble to chariti2s prep2rin8 their accounts in accordance with Financial Reporting sta)￿d ppI)￿ble irl the UK2rLd Republic of Ire]and (FRS 102 - effective I lanu2ry 2015)- (ajarities SORP FRS 102) arldthe ajarities Act The ¢haritable company meets the definidon of #public benefit entity undeT FRS 102. Assets and liabilities aTe inltially re¢ognlstd athi5torical cost ortransartion YAlue unle55 othernryse stated inthereltwant accountingpolicy or note. b) RecoDciliatiollwith previously GenerallyAcceptedAWp￿4tlve¥t￿rth￿$￿atc￿eDt￿fffjD￿￿r1￿I artivitie¥ 2020 2020 Restricted 2020 Totsl Ul￿e$￿ICttd Incomefrom: DO[￿60n$ Chorttsble LTGtsvities.' Crisis Services SuppOrtedEmplo￿entProV￿rnthe 76032 4020 80.052 35.255 28.500 35.255 94.415 65.915 Other TYodin9 QCtii'itse&' Fundr7isins Artivitie5 Investment income Totsl lllc4)me 164 142.111 164 209.886 67.775 F4enditure OD.. Choritsbte Crisi5 5eTSice5 SupportedEmployment Support Groups 49.636 96.738 3.643 25.385 40.625 455 75.021 137.363 4.098 Other TYodln9 ocIY¥rftiek' Fundr7isins Artivities Total expenditure 28.382 178,399 28.382 244.864 06.465 Netiucowel expendithrcbefore8ains 1 Oos5e5) on iDvestmeDts {36.288) 1.310 [34.978) Net8ainE l Oosses) on investments Netlnu*me/ expendlture {36.288) 1.310 134.978) TTansfer5 bettveen funds NetIttco￿t / (expettdltsjre) beforeother recVgniS￿ gaiw and Ios5e5 33.673 33.673 (2.615) 132.303) 134.978) Net tsttds (2.615) 132.363) 134.9781 Totsl funds broL¥ht forward Totsl hDds c￿rIed forward 52.721 50.106 66.363 34.000 119.084 84.106 3 InCV￿Cfr￿￿ donatiQn5 legacie5 2021 Totsl 2020 Tota) u[￿eStricted D0t￿tiOnS Grants: Inner London M4istrate5 Court Lottdon CoJJJmuttlty FouJJdatlon CrAllt MT5 5Jnith & Mount GTallt Streetsllwt The￿lan Cbatitable Ttrust The Grace Trust Anonymous GrAfLt M4rsh Tjust MVM Charitable TN5t The￿bert Hullt T￿$t F1shTnOnge￿ TTUSt Homeles5 Link o￿l￿e£ Ald Foundatlott The Lund Trust The LeslieA]dridgeTrust Streets of Londo 23.029 23.029 39.152 5,000 5.000 5,000 2.500 5.000 10.DOO 1.500 i.ooo 15.DOD 600 300 2.000 2.000 15.000 15.000 5.000 3,000 20,000 8.ODO 2,500 10.ODO 3,000 96,529 5.000 3.000 20.000 8.000 Z.500 10.000 3.000 96.529 80.052 18 The Margins Project Notes to the financial statements For the year ended 31 March 2021 4 Income from charitable arti￿￿e5 2021 2020 Trtal Unrestrirted Restrirted Crisis Serrices London Catalyst Grant Cloudesley- Welfare Grants Programme LB of IslitWon- LOCAI InitiAtive Fund Pret Foundation Trurt Edward G05tlin8 Foundation The SlaughtÈr and May Ctroritable T￿￿t Crisis Covid-19 EmetEenry Grant London FundeTS - Wave I ArseTuI Foundation London Funders - Wave 4 London Community Response CAF Covid Fund Richard Cloudsley Fund VCS Partnership Totsl 1,000 3.303 600 10.000 3.303 600 10,000 2,255 12,000 5.000 15.000 21.995 5.000 5,000 2.200 4,000 9.725 37.390 15.000 3.750 117.963 21.995 5,000 5.000 2.200 4,000 9,725 37.390 15.000 3,750 117.963 35,255 Supported Emplo)rynent Programme The London Housing Foundation The Margins Projert- Café Pret Foundation Trnrt The Slaughter and May Charitable Trust Streetsmart 7,500 65.915 6.000 15,000 8.005 8.005 8.005 8.005 94.415 Total inc0￿e fro￿ clwitableartivities 125.968 125.968 129.670 5 lucfjme from 4)therartlvltles 2021 Totsl 2020 Total Unrestricted Restricted Fundraising activities CIRS Fund 32,136 44 32.179 32.136 Miscellaneous income 164 164 32.179 19 The Margins Prolect Notes to the financial statements For theyear ended 31 March 2021 6 AD31ysisofe¥ellditi]re Castof GenEratins Funds ChAT1￿ble￿￿lVItie5 SupportEd EniPlo￿?llt B4¥iB of Support Groups Fulldraising A￿lvItieS S￿re￿ Suppvrt P5 2021 202Q Totsl StAff toits D5rÈct D￿tt 42.727 18.453 51.92S 25.234 161,Ilb9 IB,453 178.209 g.22 5upptsrtÈd Ettployttwnt 359 3Sg 30.409 5uppDrtGrDUPS PulldrnlslngActlvlties 15.864 SuppDrtcosts Trathing&Recruitnient 7.200 7.645 4.055 7,200 7,645 4,055 1,250 1,045 1,524 248 3,822 10.167 5.097 4.967 1.858 Office LweDses tndependellt LEaMu￿tiOn Collsultsllcs. Depreciation BankInterest& Cba]Ees OfficeRent tnsurdllL Heat& tight Marketu SuDdry Expe.,., 1,009 1,250 2,992 1.045 1.524 248 3,B22 10.187 5.097 4.967 1.858 1.955 61.180 62.210 875 52.284 17.774 250 25.234 8.887 125 90.121 88.871 228.820 244.864 Supportcosts Govern4Dcpcosts Trtal expenditUTe2021 124.Z65 70308 34.246 228.820 T￿t￿l exppwtithwp2020 75,OZI 137,363 4,098 Z8,38Z ZH,864 20 The MarESns Prolert Notes to the financial statements For the year ended 31 March 2021 Net Income / (eXpendI￿re) for theyear This is ststedgfter charging / [creditingJ'. 2021 2020 Depreaation Independent Examination 1,524 1,250 1.250 Analysis of stsff trustseremuneration expenses. the cost ofkrymaDa8ement personnel Staff costs were as follows.. 2L121 2Q20 Salaries and wages Social security costs Employer's contiibutionto defined contiibutionpension schemes Redundallry aud terniination costs 147.329 11,078 2.702 104.075 11.484 2.650 161,109 178.209 No employee earned £60.000 ormore (2020.. NII). The totsl employeebenefits includillg pension cojttributions ofthekry management personnel were £25.963 (2020.. £46.100J. The charity trustees were not paid or Teceived any benefits fro]n employment with the T]ust in the year (2020.. £nil) neither were they reirrtbursed during the year (2020.. Enil). No clwity tnjstee received payment for professiorJa] or other seNlces suppliedto the Ch￿lty(202O.. £nll). Stsff numbers The aveTage nuTnber of eTllployees fvead COUTLtbased QllTLUTnber of staff eTllployedl duTingthe yearw4s as follow5,' 20ZI Z020 Cluritsble xrtivitie5 Raising funds Support 10.5 A]1 butone staff work on a parttimebasls. T2L7tion The ehartty is exemptFrnm incomet&x25 all its illcotne is cTrJ2ritsble alld is applied for ch2ritsble purposes. 21 The MarESn$ Prolert Notes to the financial statements For the year ended 31 March 2021 10 T2D8iblefixed assets Fixtijres alld fittitsgs Total At the start ofthe year Addition5 inye4r Disposals irlyear Atthe end oftheyear 11.020 S,149 11.020 5,149 16.109 16,169 Depreciation At the start ofthe year Charge fortheyear Eliminated on di5posa] At the eud oftheyear 8.051 1.524 8.651 1,524 10.175 10.175 Net bOok￿l￿e At the end oftheyear 5.994 5.994 Atthe start of theyear 2.309 2.369 11 Debtors 2021 2020 Trade debtors Prepa￿nents &A¢¢rned Income Amount owed by Parent Group 480 2,61M 4.372 7.496 2.694 12 Credlt4)rs: an)ounts fglllng duewlthln oneyear 2L121 2Q20 Trade credito T￿tion and socia] security Accnjals Amount owedto Parent Group 771 3.932 1.463 338 7.165 65.570 73,079 6.165 13 Analysis of net 2ssetsbetween Generdl unre5tTiCted Desi8nated Restiirted Tot41 funds Tangible ff￿ed assets Net current assets Net assets atthe eDd ofthey&qr 5.994 77.387 83,381 5,994 103,968 109.963 26.581 20,581 Anaiyw of net assetsbetween fuDds (prioryear) GenerAJ u]]restTirted Designated Restricted Totsl fuud Tangible f￿ed assets Net current a55et5 Net assets atthe eDd ofthey&ryr 2.369 47.737 50,106 2.369 81,737 84,106 34.000 34,000 22 The MarESns Prolert Notes to the financial statements For the year ended 31 March 2021 14 MoveuLents ill fuud% IncoTnin Outgoin resources & resources & gains losses At the start of the year Atthe end Trat)sfers of theyear Restrirted funds: Crisis Services Supported Employment Progra]nTne Support Groups Fundraisin8 Activities Total restricted funds 21.750 L2,250 Il7.963 8,005 113.132 20,255 26,581 34,000 L25.968 133,387 26.58L UnrestrE¢ted funds: GeDeral 50,106 128,709 9S.433 83,381 Tot4J unrestrlrted 50.106 128.709 95,433 83.381 TOtsI￿ndS 84.106 254.677 228.820 109.963 Movements in ￿lld$ (priory&v) Incoming Outgoing resources & resources & losse5 Atthe start of theyear Atthe end TransfeT5 of theyear Restrl¢ted funds: Crisi5 Services Supported Employment Programme Support Groups FundraisingActiYities Totslresthcted ￿ndS 14,753 43.652 7.317 641 06.363 39,275 28.500 2S,385 40.625 455 6.894 19.277 6.802 641 33.673 21,750 12.250 67.775 66,465 34.000 Unrestrirted funds: Genergl 52.721 142.111 178.399 33.073 50.106 Totsl unreslrirted funds 52.721 142.111 178,399 33,673 50.106 Total fullds 119,083 209.886 244,8(p4 84.106 Purpose5 of restricted funds Crisis ServAces G￿llts and donations in kind Teceivedtowards the runnin8 of the Drop tn 5enTices and Winterni8ht Shelter. Supported Etnploymettt Progrnmme Grdnts received toward5 the rLJnning ofthe 5UPPOrted eTnPloyrnentpro8￿II￿lle Grants and donations in kind Teceivedtowards fundraisingactiyity, The OTggnisation 15 a cljaritsble incorporated orggnisation ICIO). reBisteTed on 25 luly 2013. Previously the organisatiojiwas part ofthe parent c]wity Union Chapel Prolecl (Company no 2583801. Charity no 1010166). Therewere no Telatedpaty transactiOll5. 23 ## **Thank you!** - Albert Hunt Trust - Alchemy Foundation - Allan Charitable Trust - Arsenal Foundation (include Logo) - Belle Epoque - Budgens - Canonbury Primary School - CARIS - Charities Aid Foundation - Cloudesley Foundation - Crisis - Edward Gostling Foundation - Grace Trust - Inner London Magistrates’ Courts’ Poor Box Charity and Feeder Charity - Islington Council - Leslie Aldridge Trust - London Catalyst - London Community Foundation - London Funders - London Housing Foundation - Lund Trust - Marsh Christian Trust - Ministry of Communities Housing and Local Government - Orbis Investments - Pret Foundation - Slaughter and May Charitable Trust - St Mary's Church Mission Giving Committee - Streets of London - Tescos - Trussell Trust - Liz Walker - Union Chapel Choir - Union Chapel Project - Waitrose Community Matters - Worshipful Company of Fishmongers Our sincere thanks to all the individuals and organisations (some preferring to remain anonymous) who have given so generously through donations. To all our amazing volunteers who give their time to Union Chapel for all their support. 24