Company no. 08609938 Charity no. 1154253 



## **Report and Unaudited Financial Statements** 

## **31 March 2021** 



## **Genesis Trust Bath** 

## **Reference and administrative details** 

|**For theyear ended 31**|**March 2021**|||
|---|---|---|---|
|**Company number**|08609938|||
|**Charity number**|1154253|||
|**Registered office and**|The Gateway Centre|||
|**operational address**|Snow Hill|||
||London Road|||
||Bath|||
||BA1 6DH|||
|**Trustees**|Trustees, who are also directors under company law, who served during the|||
||year and up to the date of this report were as follows:|||
||Alastair Gibson|||
||Sir Peter Heywood|||
||Eutrice Horwood|||
||Joanna Ruth Lewis|||
||Ian James McKay|||
||James McPhee|||
||Eduard Spruit|||
|**Key management**|Nick Mayo|Chief executive officer||
|**personnel**||||
|**Bankers**|The Cooperative Bank plc||Barclays Bank plc|
||Olympic House||4-5 Southgate Street|
||6 Olympic Court||Bath|
||Montford Street||BA1 1AQ|
||Salford|||
||M5 2QP|||
|**Independent**|Godfrey Wilson Limited|||
|**examiners**|Chartered accountants and statutory auditors|||
||5th Floor Mariner House|||
||62 Prince Street|||
||Bristol|||
||BS1 4QD|||



1 



## **Genesis Trust Bath** 

## **Report of the trustees** 

## **For the year ended 31 March 2021** 

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019). 

## **Objectives and activities** 

Genesis Trust Bath’s objectives, for the public benefit and as contained in the company’s Memorandum and Articles of Association, are: 

- The relief of poverty amongst homeless and destitute persons and the relief of sickness, hardship and distress of people in need in particular (but not limited to) those living in Bath and the surrounding areas; and 

- To promote social inclusion for the public benefit by preventing people becoming socially excluded and assisting them to integrate into society in particular (but not limited to) those living in Bath and the surrounding areas. 

To fulfil these objectives Genesis Trust Bath mobilises members of the local community in Bath, particularly church congregations, to help their neighbours who are in difficulty; especially those experiencing homelessness, unemployment or struggling with low incomes, the long-term sick or disabled, the lonely and those with issues of substance misuse and/or mental health problems. 

Genesis Trust encourages a ‘community response’ to addressing local needs. In normal times we rely on the voluntary participation of dedicated volunteers which also means that our services are run at relatively low cost. Our roots are in the local church community and we are supported by many of the churches in Bath, from which the majority, but not all, of our volunteers come. The volunteers and projects are supported by a staff team of fewer than 20 people, employed on a full or part-time basis. 

We recognise that people need to be able to address all parts of who they are – Mind, Body & Spirit – if they are to be able to have a holistic approach to their overall wellbeing as a complete person. 

In practical terms, we bring the community together to offer hope and support to: 

- provide clients with a variety of positive and caring relationships with our staff and volunteers; and 

- coach and mentor people through three main stages of change: 

   - Crisis - minimising self-neglect; 

   - Development - developing healthier lifestyles; and 

   - Empowerment - entering or re-entering the world of work or meaningful activity. 

We do this through a variety of interlinking projects and activities that provide food and other practical crisis services such as showers and laundry; and development and empowerment services such as advice, signposting, emotional support, coaching and mentoring, training and work placements. We also encourage people to consider fostering and adoption. 

2 



## **Genesis Trust Bath** 

## **Report of the trustees** 

## **For the year ended 31 March 2021** 

## **Achievements and performance** 

2020-2021 was another very full and complex year and we are grateful to all the volunteers, trustees and staff for their efforts in making the year a success. The year was significantly affected by the COVID-19 pandemic, although there were some silver linings. 

A number of our projects involve community and food as a welcoming environment to those who may be homeless or vulnerable. The social distancing necessitated by the pandemic has curtailed much of these community activities, but we have done our utmost to ensure that practical support such as food provision is maintained by, for example, using our foodbank process to deliver supplies to compensate for the reduced service from other food related projects. 

Some of the highlights of the year include: 

- Lifeline - 339 individuals with 3,254 interactions, an average of 271 per month; 

- The introduction of “Walk & Talk”; 

- Life Skills - 75 clients were involved in 26 different courses or activities, a total of more than 3,400 client-hours; 

- The introduction of the “Life Course”; 

- Bath Foodbank - over 2,765 deliveries which provided meals for 5,286 people, 1,482 of whom were children; 

- Launch of our online Furniture Shop; and 

- Maintaining excellent overall health and commitment of staff and volunteers. 

We are extremely grateful for the financial provision that we have received during the year. Although our fundraising from events and community activities have been impacted, overall, individuals, churches, trusts and indeed the government and taxpayer have been very generous in supporting our efforts to help people and families who are particularly vulnerable in times of crisis. 

We would like to thank all those who have volunteered with Genesis Trust throughout the year, often in difficult and uncertain circumstances. Volunteers have embraced the need to introduce new practices and health and safety measures with wonderful grace and positive attitudes. Genesis Trust could not deliver the services to our clients without committed volunteers and we thank them all. 

It is also important to thank all those who volunteered to help raise money, to fundraise, participated in an activity or event, or bought something from one of our shops or events. 

We have not wasted the opportunity of the pandemic to review what we do and improve how we do things. For example, our Vision, Mission and Values have been reviewed and updated; we have introduced a board sub-committee (the Finance Committee) to allow the necessary focus on finance, risk and development; reviewed and revised our new project development process; and updated our website. Our overall strategy has remained applicable notwithstanding regular review and refinement. Project and activity developments are noted in the relevant paragraphs below. 

3 



## **Genesis Trust Bath** 

## **Report of the trustees** 

## **For the year ended 31 March 2021** 

## _Lifeline at the Gateway Centre_ 

Lifeline has been offering a refuge for people in crisis, including those who are homeless, in temporary accommodation and vulnerably housed since 2003. Visitors are some of the most disadvantaged and marginalised people in and around Bath and, without exception, they have complex situations. 

Guided by the principles recommended by “Good Help” and “Make Every Contact Count”, Lifeline seeks to build rapport with those who use Lifeline for crisis support only and to effectively engage with visitors to assist them in the four key areas of home, finances, wellbeing and work. 

Before the pandemic Lifeline offered a welcoming oasis with practical support including showers, clothing, food parcels, supplies of fruit and vegetables, and hot breakfasts. Our team of dedicated staff and volunteers helped clients on a one-to-one basis with issues around benefits, money management and housing, as well as with emotional support. An increasing part of our work is to help those at risk of eviction and to help people to be successfully housed in long term accommodation. 

As a result of the pandemic, Lifeline has changed from a drop-in service open ten hours per week, plus one-to-one sessions as required, to being open twenty-four hours a week on an appointment only basis. This increased focus on one-to-one work has been successful in terms of improved client change and outcomes. 

This increased focus on individual support includes a greater regard for the impact of selfneglect. We have started using ‘companionship’ activities as a means of circumventing the resistance to change presented by self-neglect and other entrenched behaviour patterns, and to help individuals find motivation within themselves. 

The need for more support for those in tenancies but not coping very well with managing a home or household budget has become apparent. People are invariably “re-housed” but not “rehomed”. Supporting people to be successfully “re-homed” is becoming an increasingly important aspect of our work. 

During the year Lifeline was open on 196 days, saw 339 individuals with 3,254 interactions, an average of 271 per month. 11% of our visitors have had more than 20 interactions during the year (with 6% having more than 50) and 71% had five or fewer interactions. 

There has been an average of almost 10 interactions per visitor mainly in one of three types of interaction: face to face; virtual; or Walk & Talk. 

Walk & Talk resulted from needing to find ways to be able to help clients whilst maintaining Covid security. This is simply a team member having a scheduled walk outdoors with a client which has resulted in even greater positive engagement with the clients. 

Most interactions are face to face although virtual interaction was a significant proportion between April 2020 and January 2021. Interactions involved wellbeing issues (45%), home matters (24%), money (23%) and work (8%). 

4 



## **Genesis Trust Bath** 

## **Report of the trustees** 

## **For the year ended 31 March 2021** 

We worked with 45 people on housing issues, 28 of whom were classed as being vulnerably housed. We obtained grants for 32 individuals largely for housing issues. We worked with 22 individuals on their finances – four of whom significantly improved their money management skills and five were then able to live within their income. We worked with 10 people to find work, of whom four did. 

Crisis support is largely focussed on food (45%) followed by showers (16%), clothing (11%), IT (8%) and laundry facilities (7%). Interestingly, the demand for showers further highlights the need for effective re-homing as it is not unknown for people to go without hot water and heating for over a year and we have even seen one instance for over six years. Gas supplies can be capped as the safety checks cannot be undertaken due to a combination of poor money management and administrative skills, and an inability to liaise effectively with landlords and other agencies. 

We are committed to this vital work and are continually developing new ways of delivering services whilst keeping our clients, volunteers and staff as safe as possible. 

## _Life Skills at the Gateway Centre_ 

Life Skills is structured around the recognised “Five Ways to Wellbeing” model which focuses on connecting, being active, continuous learning, giving back and being mindful. 

Life Skills was severely impacted by the pandemic but the team created imaginative ways to continue to support their clients, many of whom would have otherwise lost their way during the crisis. 

We delivered a range of courses and activities that assisted participants to develop healthier lifestyle choices, reduce social isolation, increase confidence, self-esteem and encourage further participation in community and meaningful activity. These took place at our Gateway Centre and combined activities with coaching, mentoring and advocacy to help clients move forward with their lives. Popular activities included yoga, cookery, English, IT, art, creative writing, and a making sense of faith group. 

At the beginning of the pandemic, until August 2020, we moved to delivering a range of activities online through Zoom and a closed Facebook group, recognising that lockdown would be incredibly tough for this group of clients, 90% of whom suffer with mental health issues. We have been offering art, animation, creative writing, prayer with our Chaplain, and support on a one-to-one basis via phone and video calls. 

During the year 75 clients were involved in 26 different courses or activities, a total of more than 3,400 client-hours. 

A major success of the year was the introduction of the Life Course in September 2020 with a second taking place from January 2021. The Life Course is a 20-session course over 10 weeks for 6 attendees (this will increase once Covid restrictions allow) and has a recovery and therapeutic focus which has been very well received by course members and referring agencies. Feedback from attendees demonstrates the value of this course with positive change being recorded in all areas using the “Recovery Star” outcomes measurement and 82% of attendees reporting the course to be excellent. Most importantly, 74% of attendees reported a significant change after completing the course. 

5 



## **Genesis Trust Bath** 

## **Report of the trustees** 

## **For the year ended 31 March 2021** 

From April 2021 Lifeline and Life Skills are being integrated as Life Projects. This will allow for an easier client journey and further improvement in sustainable outcomes and their measurement. 

## _Soup Run & Lunch Box_ 

The pandemic meant that these projects had to be suspended and we will be reviewing in 2021/22 to see if and how these projects will return. We would like to thank all the volunteers and supporters of these efforts over many years. 

## _Bath Foodbank_ 

The purpose of the Bath Foodbank is to collect and distribute food to individuals and families in crisis. The main objective is to ensure that nobody goes hungry, by providing a welcoming and friendly reception and environment to those whose circumstances mean that they do not have enough food for themselves and their families. 

The social distancing and safety precautions required by the pandemic forced us to close our distribution centres and move to a home delivery service. This was initially made possible with the support of the Trussell Trust and British Gas and we extend our thanks to them. We would also like to thank Widcombe Baptist Church for providing us with an emergency temporary venue to use as a centralised warehouse and distribution facility during lockdown. This has now moved to a permanent owned location. We continued with home delivery throughout the year and are using a new e-referral system. 

We recognise that what has been lost because of social distancing is the straightforward one-toone support and signposting that was previously offered when clients visited our distribution centres. However, in the meantime we have found that clients are often open to talk with volunteer on their doorsteps who have then been able to provide signposting. Furthermore, there has been good success achieved by inviting clients to have a follow up phone call with a volunteer. 

Over the course of the year we carried out 2,765 deliveries which provided meals for 5,286 people, 1,482 of whom were children. 

## _Street Pastors_ 

Bath Street Pastors have operated under the governance of Genesis Trust since it started in September 2008. Patrols were stopped at the beginning of lockdown in March 2020 because of the pandemic. During the year we reviewed the purposes, structure and governance of Street Pastors and it was decided to leave Ascension Trust and join Christian Nightlife Initiative. The Street Pastors management team further decided to join CNI as a direct local branch rather than remain under the charitable umbrella of Genesis Trust, thus simplifying what can be a complicated governance structure. This was effective from 31 March 2021. 

The relationship between Genesis Trust and the new Bath City Pastors is positive and we wish them all the best for the future. The remaining restricted funds were transferred to City Pastors in June 2021. 

6 



## **Genesis Trust Bath** 

## **Report of the trustees** 

## **For the year ended 31 March 2021** 

## _Home for Good_ 

The objectives of Home for Good are to: 

- Find a home for every child that needs one in B&NES; 

- Encourage and support Christians to foster and adopt; and 

- Help churches nurture an environment where the needs of vulnerable children are met and where carers are helped, understood and loved. 

Home for Good has had a rewarding yet challenging time during the pandemic. We have been so encouraged by the number of people that have responded to the needs of children and young people requiring foster and adoptive homes. Nationwide, Home for Good has experienced a fivefold increase in enquiries and in our area we are pleased to say that around a third of all people approved to foster were because of direct referrals through us. 

We are pleased that only four foster families are now needed for regular foster care in B&NES; down from 30 in November 2017 when we started Home for Good in our area. 

## _Furniture Shop_ 

The first part of the year was over-shadowed by the Covid 19 pandemic. The shop had to close and there was very little activity except for a few emergency requirements. 

We took the opportunity to review the purposes and plans for this project for the future, and determined that, whilst maintaining our pure charitable activities such as support for people moving into accommodation for the first time, the focus needed to be on becoming a profitable social enterprise that could both contribute to the costs of the rest of Genesis Trust and offer sustainable trainee opportunities to help clients get into work. 

Rebranded as the “Furniture Shop”, the aim is to grow a quality business capable of delivering profits to help fund the rest of Genesis Trust. We aspire to become a major element in the furniture reuse market and have redesigned our business model to be scalable. We also want to be able to offer traineeships that provide experience in a professional business offering quality pre-loved furniture to retail customers, such that the trainees will have an approach to excellence which will be well received by future employers. 

To that end we decided to open as an on-line only furniture shop, initially using eBay, and opened our warehouse and distribution centre on a local trading estate. We opened the online store in March 2021. 

The quality and volume of donations is increasing and the market potential is huge. The business is now growing, and we are actively recruiting for more staff, volunteers and trainees. 

## _Genesis Pathways Programme_ 

The Genesis Pathways Programme was suspended because of the pandemic and we will be considering options for the future in due course. 

## _Genesis Volunteer Programme_ 

This is a key area of focus because Genesis is reliant upon its volunteers and would not be able to operate any of the projects without them. We would like to thank everyone who has volunteered for Genesis over the course of the last year and through the pandemic. 

7 



## **Genesis Trust Bath** 

## **Report of the trustees** 

## **For the year ended 31 March 2021** 

We recognise that not everyone has been able to volunteer during lockdown and thank them for the other ways in which they have supported our work through this unprecedented time. Due to the need for social distancing and having limited numbers in our buildings, many volunteers have not been able to volunteer for the last year. 

As we look toward ways of safely opening once again, we will be inviting many volunteers back to our projects and exploring new volunteering roles. 

## _Health & Safety_ 

The challenge during the pandemic was to keep our clients, volunteers and staff as safe as possible while still delivering our vital services. Everyone rose to the challenge and clear policies and procedures were outlined and adopted. 

## _Property_ 

There have been several changes to property during 2020/21. 

The lease of the office at St John’s Church ended in September 2020 and, as it was not possible to adapt the space to allow for social distancing and many of the staff were working from home, we did not renew the lease. We thank St John’s. 

Projects that were hosted by local churches were forced to close. Lunchbox at St Michaels and Foodbank centres at Manvers Street, St Barnabas, Rose Cottage, and the Hub have remained closed. We thank all for their support over the years. 

The Furniture Project outlet at West Avenue had to close and was adapted to be the Foodbank warehouse and delivery centre. The upstairs at West Avenue is currently being used as office space. 

As the Furniture Shop is now an online business a warehouse was needed, so a lease was taken up at Burnett business park. This space allows for a far greater amount of furniture to be processed and sold. 

The Gateway Centre continues to be the home for our Life Projects: Lifeline and Life Skills. 

These changes mean that now all the pure charitable activities are in premises that are owned and only the trading social enterprise is incurring rental costs. 

## _Next Step Appeal_ 

The Next Step Appeal has now been concluded with the remainder of the funds being allocated for the maintenance and development of property, and the development of social enterprises. 

## _Fundraising_ 

In April 2020 fundraising opportunities looked bleak as the first lockdown brought the cancellation and postponement of events such as the London Marathon, Bike Bath, Bath Half and our own Leap of Faith. 

8 



## **Genesis Trust Bath** 

## **Report of the trustees** 

## **For the year ended 31 March 2021** 

However, flexibility was paramount. We were able to join in the 2.6 Challenge designed by the London Marathon organisers and our community and events fundraising then went digital and virtual. People were so generous and, for example, made face masks for Genesis Trust, did sponsored bike rides and walks, fitness, cooking and online gaming challenges, and quizzes. We started alternative ways to support Genesis Trust that people could do from home such as ‘Declutter and Donate’. 

With the run up to Christmas we again had to think differently as the Christmas Market in Bath and other community fairs did not happen. We designed a 2021 Calendar, a range of Christmas cards and candles that we sold online and through church shops and market stalls. 

We launched a Christmas Gifts Appeal which raised £4,000 to buy personalised gifts for clients and toy vouchers for the children of families supported by Bath Foodbank. This was a great success. 

In March 2021 we opened our online Gift Shop which sells Genesis Trust merchandise as well as donated items of artwork and crafts. 

We are very grateful for being so well supported by trusts, foundations, churches, businesses and individuals during what has been a very difficult time. We would like to express our thanks to everyone who generously donated during the pandemic to support our work with the marginalised and vulnerable in our area. We could not have continued delivering our services without your support. 

## _Chaplaincy_ 

Recognising the importance of mind, body & spirit for all, clients, volunteers and staff alike, the role of the Chaplain is to be a visible Christian presence across all of the Genesis Trust projects for the equivalent of one day per week. This gives the opportunity for anyone to talk about issues important to them, in a safe and confidential environment, regardless of whether they have faith or not. 

## **Financial Review** 

We are pleased to report a healthy income for the year of £908k, of which £334k was restricted. 

## **Reserves Policy** 

The reserves policy is that the unrestricted funds not committed or invested in tangible fixed assets (the free reserves) shall represent between three and nine times the average monthly expenditure of the charity. We are pleased to note that our unrestricted reserves are £456k (liquid funds of approximately £414k). The trustees are to be advised if the reserves fall outside of this range. 

Our funding has continued to come from a variety of income streams; mainly charitable activities, church and individual donations, trust fund applications and fundraising activities. 

The trustees wish to record their thanks to grant making bodies, local businesses, organisations, churches and individuals for the support that has been provided. This has come in the form of furniture and other material donations, financial gifts and time given by many volunteers to further the purposes of the charity. 

9 



## **Genesis Trust Bath** 

## **Report of the trustees** 

## **For the year ended 31 March 2021** 

Expenditure in the year has supported the charitable objectives in that it has been directed towards: 

- The remuneration of staff to run the projects which deliver benefits to clients; 

- The purchase of materials and the provision of premises for the projects to deliver benefits; 

- The development of social enterprises; and 

- Coping with the pandemic. 

## **Plans for the future** 

2021/22 is difficult to predict and therefore to plan for. Flexibility will be key. We also believe that there could be opportunities that arise from this situation and we will look to maximise these wherever possible. 

At present the medium and long term financial impact of the pandemic is unknown but we will ensure that our fundraising and activity plans are aligned. We will also have to be flexible with the needs and desires of volunteers in the changing situation. 

2021/22 is nonetheless set to be another very busy year for Genesis Trust. As well as doing our best to continue or restart our usual work there are several continuing areas of focus: 

- Continuing the development of our Life Projects joined up pathway offer to clients. For example, from April 2021 Lifeline and Life Skills will be integrated as Life Projects. This will allow for an easier client journey and further improvement in sustainable outcomes and their measurement; 

- Growing the Furniture Shop; 

- Reviewing the effectiveness of the food projects and how we may be able to add further value. Our plans for 2021/22 include opening new centres as part of church hubs so that clients can access a range of services and help and be signposted and connected into community as they choose; 

- Continuing to implement the necessary systems and processes in order to better monitor and measure client outcomes; 

- Introducing a new volunteer management system; 

- Contributing to a joined-up approach with other charities and agencies in our area; 

- Developing ways in which to support churches in our area serve their communities; 

- Considering ways to re-introduce volunteer run projects as the pandemic subsides; and 

- Beginning a process of developing our vision for our properties and how they can best support the delivery of our vision in the medium and long term. 

## **Structure, governance and management** 

Genesis Trust Bath is a charity registered on 15 July 2013 (charity number 1154253) and company limited by guarantee (company number 8609938). The company was established under a Memorandum of Articles of Association that established its objects and powers. 

The directors of the company are also charity trustees. New trustees are recruited by advertising to existing supporters and are selected on the basis of the skills and support they can contribute to the charity. New trustees receive an induction into the objects and activities of the charity carried out by the Chair of Trustees and the Chief Executive. Our policy has been to build on continuity and bring in new skills as required. The management of the charity is undertaken by a board of trustees, the Chief Executive, Managers and Project Management Teams. 

10 



## **Genesis Trust Bath** 

## **Report of the trustees** 

## **For the year ended 31 March 2021** 

The structure of the board was enhanced during the year. The full Board of Directors (trustees) now meets four times per year and oversee the governance and major strategic issues of the charity. The new Finance Committee will meet four times a year in advance of each Board meeting. 

## _Risk statement_ 

The trustees acknowledge the need for a review of the risks to which the charity is exposed and the adequacy of existing systems to mitigate these risks. The Chief Executive is responsible for reviewing internal procedures to ensure they continue to meet the needs of the charity. A fundraising plan is in place to ensure that the charity’s activity is sustainable. 

## _Public benefit statement_ 

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

## _Trustees_ 

The trustees who served during the year and up to the date of this report are listed on page 1. The trustees have no beneficial interest in the charity. 

## **Statement of responsibilities of the trustees** 

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). 

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- ▪ observe the methods and principles in the Charities SORP; ▪ make judgements and accounting estimates that are reasonable and prudent; ▪ state whether applicable UK accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees 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. 

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 

11 



## **Genesis Trust Bath** 

## **Report of the trustees** 

## **For the year ended 31 March 2021** 

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity. 

## **Independent examiners** 

Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity. 

Approved by the trustees on 2 September 2021 and signed on their behalf by 

Sir Peter Heywood - Chair 

12 



## **Independent examiner's report** 

## **To the trustees of** 

## **Genesis Trust Bath** 

I report to the trustees on my examination of the accounts of Genesis Trust Bath (the charitable company) for the year ended 31 March 2021, which are set out on pages 14 to 32. 

## **Responsibilities and basis of report** 

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. 

## **Independent examiner’s statement** 

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. 

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

- (1) accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or 

- (2) the accounts do not accord with those records; or 

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

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

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

Date: 3 September 2021 **Rob Wilson FCA Member of the ICAEW** For and on behalf of: 

**Godfrey Wilson Limited** Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD 

13 



## **Genesis Trust Bath** 

**Statement of financial activities** _(incorporating an income and expenditure account)_ 

## **For the year ended 31 March 2021** 

|Note<br>**Income from:**<br>Donations and legacies<br>3<br>_Charitable activities:_<br>4<br>Enterprise<br>Caring<br>Other trading activities<br>Investments<br>**Total income**<br>**Expenditure on:**<br>Raising funds<br>_Charitable activities:_<br>Enterprise<br>Training<br>Caring<br>Other<br>**Total expenditure**<br>6<br>**Net income / (expenditure)**<br>Transfers between funds<br>**Net movement in funds**<br>7<br>**Reconciliation of funds:**<br>Total funds brought forward<br>**Total funds carried forward**|Restricted<br>£<br>334,313<br>-<br>-<br>-<br>-<br>334,313<br>-<br>64,964<br>32,443<br>214,219<br>-<br>311,626<br>22,687<br>10,000<br>32,687<br>242,530<br>275,217|Unrestricted<br>£<br>545,673<br>25,753<br>-<br>2,510<br>211<br>574,147<br>92,293<br>54,531<br>41,520<br>203,723<br>-<br>392,067<br>182,080<br>(10,000)<br>172,080<br>283,659<br>455,739|**2021**<br>**Total**<br>**£**<br>**879,986**<br>**25,753**<br>**-**<br>**2,510**<br>**211**<br>**908,460**<br>**92,293**<br>**119,495**<br>**73,963**<br>**417,942**<br>**-**<br>**703,693**<br>**204,767**<br>**-**<br>**204,767**<br>**526,189**<br>**730,956**|2020<br>Total<br>£<br>520,700<br>161,748<br>2,552<br>2,090<br>210|
|---|---|---|---|---|
|||||687,300|
|||||96,148<br>203,755<br>88,943<br>279,210<br>46,785|
|||||714,841|
|||||(27,541)<br>-|
|||||(27,541)<br>553,730|
|||||526,189|



All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 15 to the accounts. 

14 



## **Genesis Trust Bath** 

## **Balance sheet** 

## **As at 31 March 2021** 

|Note<br>**Fixed assets**<br>Tangible assets<br>10<br>**Current assets**<br>Stocks<br>11<br>Debtors<br>12<br>Cash at bank and in hand<br>**Liabilities**<br>Creditors: amounts falling due within 1 year<br>13<br>**Net current assets**<br>**Net assets**<br>14<br>**Funds**<br>15<br>Restricted funds<br>Unrestricted funds<br>**Total charity funds**|**£**<br>**32,125**<br>**15,840**<br>**533,326**<br>**581,291**<br>**(10,263)**|**2021**<br>**£**<br>**159,928**<br>**571,028**<br>**730,956**<br>**275,217**<br>**455,739**<br>**730,956**|2020<br>£<br>175,148<br>28,136<br>10,623<br>327,455|
|---|---|---|---|
||||366,214<br>(15,173)|
||||351,041|
||||526,189|
||||242,530<br>283,659|
||||526,189|



The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act. 

The directors acknowledge their responsibilities for: 

- (i) ensuring that the Company keeps proper accounting records which comply with section 386 of the Act; and 

- (ii) preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company. 

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

Approved by the trustees on 2 September 2021 and signed on their behalf by 

Sir Peter Heywood - Chair 

15 



## **Genesis Trust Bath** 

## **Statement of cash flows** 

## **For the year ended 31 March 2021** 

|**Net movement in funds**<br>Adjustments for:<br>Depreciation charges<br>Loss on disposal of fixed assets<br>Interest received<br>Decrease / (increase) in stock<br>Decrease / (increase) in debtors<br>Increase / (decrease) in creditors<br>**Net cash used in operating activities**<br>**Cash flows from investing activities:**<br>Dividends, interest and rents from investments<br>Purchase of tangible fixed assets<br>**Net cash used in investing activities**<br>**Increase in cash and cash equivalents in the year**<br>Cash and cash equivalents at the beginning of the year<br>**Cash and cash equivalents at the end of the year**|**2021**<br>**£**<br>**204,767**<br>**22,490**<br>**-**<br>**(211)**<br>**(3,989)**<br>**(5,217)**<br>**(4,910)**<br>**212,930**<br>**211**<br>**(7,270)**<br>**(7,059)**<br>**205,871**<br>**327,455**<br>**533,326**|2020<br>£<br>(27,541)<br>19,777<br>23,244<br>(210)<br>1,478<br>2,008<br>(78,651)|
|---|---|---|
|||(59,895)|
|||210<br>(21,782)|
|||(21,572)|
|||(81,467)<br>408,922|
|||327,455|



The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements. 

16 



## **Genesis Trust Bath** 

## **Notes to the financial statements** 

## **For the year ended 31 March 2021** 

**1. Accounting policies** 

## **a) Basis of preparation** 

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 

Genesis Trust Bath meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. 

## **b) Going concern basis of accounting** 

The accounts have been prepared on the assumption that the charity is able to continue as a going concern. The trustees acknowledge that the COVID-19 pandemic has had a profound impact on the global economy, and have considered the impact of this issue on the charity's current and future financial position. The charity holds unrestricted funds of £455,739, a cash balance of £533,326 and they have significantly reduced staff costs over this period by utilising the government's Job Retention Scheme. Because of this, the trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved. 

## **c) Income** 

Income is recognised when the charitable company has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably. 

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charitable company has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. 

For legacies, entitlement is taken as the earlier of the date on which either: the charitable company is aware that probate has been granted, the estate has been finalised and notification has been made by the executors to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charitable company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charitable company, or the charitable company is aware of the granting of probate, and the criteria for income recognition have been met, then the legacy is treated as a contingent asset and disclosed if material. 

17 



## **Genesis Trust Bath** 

## **Notes to the financial statements** 

## **For the year ended 31 March 2021** 

## **d) Donated services and facilities** 

Donated professional services and donated facilities are recognised as income when the charitable company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charitable company of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised. 

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charitable company which is the amount the charitable company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. 

Goods donated and held as stock for distribution by the charity, including food items donated to the foodbank, are recognised as incoming resources within donations when received as stock, and an equivalent amount is included as expenditure when stock is distributed. 

## **e) Interest receivable** 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charitable company; this is normally upon notification of the interest paid or payable by the bank. 

## **f) Funds accounting** 

Unrestricted funds are available to spend on activities that further any of the purposes of the charitable company. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charitable company's work or for specific projects being undertaken by the charitable company. 

## **g) Expenditure and irrecoverable VAT** 

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. 

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. 

## **h) Capital grants** 

Grants for the purchase of fixed assets are credited to restricted incoming resources when receivable. Depreciation of fixed assets purchased with such grants is charged against the restricted fund. 

18 



## **Genesis Trust Bath** 

## **Notes to the financial statements** 

## **For the year ended 31 March 2021** 

## **i) Allocation of support and governance costs** 

- Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities on the following basis: 

|on the following basis:|||
|---|---|---|
||**2021**|2020|
|Raising funds|**21%**|18%|
|Enterprise|**16%**|27%|
|Training|**2%**|4%|
|Caring|**61%**|37%|
|Other|**0%**|14%|



## **j) Tangible fixed assets** 

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows: 

Freehold property 4% straight line Motor vehicles 25% straight line Equipment 33% straight line Tools, machinery and furniture 33% straight line 

Items of equipment are capitalised where the purchase price exceeds £800. 

## **k) Stock** 

Donated items of stock for resale are recognised at fair value which is either the cost of the item to the donor or the estimated resale value. 

Foodbank stock represents the value of items donated to the charity for distribution to beneficiaries. Income is recognised at fair value at the point of receipt and expenditure at the point of distribution. 

## **l) Debtors** 

Debtors are recognised where the charitable company has a present asset resulting from a past event that will probably result in the transfer of funds from a third party and the amount due to settle the asset can be measured or estimated reliably. Debtors are normally recognised at their settlement amount. 

## **m) Cash at bank and in hand** 

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

19 



## **Genesis Trust Bath** 

## **Notes to the financial statements** 

## **For the year ended 31 March 2021** 

## **n) Creditors** 

Creditors are recognised where the charitable company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. 

## **o) Vouchers** 

The charitable company operates a scheme whereby vouchers can be purchased by members of the public and given to people in need, who are then able to redeem the vouchers in exchange for a meal provided in Lunch Box or The Genesis Sunday Centre. The value of vouchers sold in the last two years, less redemptions in the same period, is held in creditors. 

## **p) Financial instruments** 

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 

## **q) Pension costs** 

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. Pension costs charged in the financial statements represent the contributions payable by the charity during the year. The charity has no liability under the scheme other than for the payment of those contributions. 

## **r) Accounting estimates and key judgements** 

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. 

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below. 

## **Depreciation** 

As described in note 1j to the financial statements, depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. Depreciation rates in operation during the current and prior period were as follows: 

Freehold property 4% straight line Motor vehicles 25% straight line Equipment 33% straight line Tools, machinery and furniture 33% straight line 

20 



## **Genesis Trust Bath** 

## **Notes to the financial statements** 

## **For the year ended 31 March 2021** 

## **2. Statement of financial activities: prior period comparative** 

|**Income from:**<br>Donations and legacies<br>_Charitable activities:_<br>Enterprise<br>Caring<br>Other trading activities<br>Investments<br>**Total income**<br>**Expenditure on:**<br>Raising funds<br>_Charitable activities:_<br>Enterprise<br>Training<br>Caring<br>Other<br>**Total expenditure**<br>**Net expenditure**<br>Transfers between funds<br>**Net movement in funds**|Restricted<br>£<br>£<br>115,766<br>404,934<br>-<br>161,748<br>-<br>2,552<br>-<br>2,090<br>-<br>210<br>115,766<br>571,534<br>-<br>96,148<br>42,118<br>161,637<br>17,516<br>71,427<br>91,347<br>187,863<br>46,785<br>-<br>197,766<br>517,075<br>(82,000)<br>54,459<br>-<br>-<br>(82,000)<br>54,459<br>Unrestricted|**2020**<br>**Total**<br>**£**<br>**520,700**<br>**161,748**<br>**2,552**<br>**2,090**<br>**210**|
|---|---|---|
|||**687,300**|
|||**96,148**<br>**203,755**<br>**88,943**<br>**279,210**<br>**46,785**|
|||**714,841**|
|||**(27,541)**<br>**-**|
|||**(27,541)**|



21 



## **Genesis Trust Bath** 

## **Notes to the financial statements** 

## **For the year ended 31 March 2021** 

## **3. Income from donations and legacies** 

|**Income from donations and legacies**|||
|---|---|---|
|Donations - churches<br>Donations - individuals<br>Donations - organisations<br>Donations - fundraising events<br>Donations - schools<br>Donated stock<br>Legacies<br>Gift aid<br>**Grants > £5,000**<br>Coronavirus Job Retention Scheme<br>Lloyds TSB Foundation of England & Wales<br>Garfield Weston Foundation<br>Trussell Trust<br>Family Placement Team<br>Pret Foundation Trust<br>Sobell Foundation<br>Breatrice Laing Trust<br>Goodnews Evangelical<br>George Cadbury Fund<br>Medlock Trust<br>Quartet Community Foundation<br>British Humane Society<br>Merchant Venturers<br>Total grants less than £5,000: 43<br>**Total donations and legacies**|Restricted<br>£<br>£<br>19,788<br>55,452<br>146,572<br>174,948<br>5,150<br>32,532<br>481<br>26,538<br>234<br>3,920<br>-<br>133,861<br>-<br>1,493<br>27,707<br>36,511<br>-<br>39,694<br>32,215<br>-<br>20,000<br>-<br>19,767<br>-<br>10,000<br>-<br>10,000<br>-<br>10,000<br>-<br>-<br>10,000<br>7,500<br>-<br>-<br>7,000<br>5,000<br>-<br>5,000<br>-<br>-<br>5,000<br>-<br>5,000<br>14,899<br>13,724<br>334,313<br>545,673<br>Unrestricted|**2021**<br>**Total**<br>**£**<br>**75,240**<br>**321,520**<br>**37,682**<br>**27,019**<br>**4,154**<br>**133,861**<br>**1,493**<br>**64,218**<br>**39,694**<br>**32,215**<br>**20,000**<br>**19,767**<br>**10,000**<br>**10,000**<br>**10,000**<br>**10,000**<br>**7,500**<br>**7,000**<br>**5,000**<br>**5,000**<br>**5,000**<br>**5,000**<br>**28,623**|
|||**879,986**|



22 



## **Genesis Trust Bath** 

## **Notes to the financial statements** 

## **For the year ended 31 March 2021** 

## **3. Income from donations and legacies (continued) Prior period comparative:** 

|**Income from donations and legacies (continued)**<br>**Prior period comparative:**|||
|---|---|---|
|Donations - churches<br>Donations - individuals<br>Donations - organisations<br>Donations - fundraising events<br>Donations - schools<br>Donated stock<br>Legacies<br>Gift aid<br>**Grants > £5,000**<br>Sobell Foundation<br>The Lottery Fund<br>Quartet Community Foundation<br>Family Placement Team<br>Schroders<br>Trussell Trust<br>Donald Forester Trust<br>Merchant Venturers<br>Total grants less than £5,000: 25<br>**Total donations and legacies**|Restricted<br>£<br>£<br>6,213<br>52,241<br>34,204<br>94,550<br>11,497<br>11,641<br>3,713<br>26,573<br>815<br>3,290<br>-<br>107,875<br>-<br>47,831<br>10,386<br>19,883<br>10,000<br>-<br>-<br>10,000<br>7,500<br>2,000<br>8,472<br>-<br>7,500<br>-<br>5,116<br>-<br>-<br>5,000<br>-<br>5,000<br>10,350<br>19,050<br>115,766<br>404,934<br>Unrestricted|**2020**<br>**Total**<br>**£**<br>**58,454**<br>**128,754**<br>**23,138**<br>**30,286**<br>**4,105**<br>**107,875**<br>**47,831**<br>**30,269**<br>**10,000**<br>**10,000**<br>**9,500**<br>**8,472**<br>**7,500**<br>**5,116**<br>**5,000**<br>**-**<br>**16,809**|
|||**520,700**|



23 



## **Genesis Trust Bath** 

## **Notes to the financial statements** 

## **For the year ended 31 March 2021** 

**4. Income from charitable activities** 

|**Income from charitable activities**||||
|---|---|---|---|
|**Enterprise**<br>Shop sales - donated furniture<br>Shop sales - purchased furniture<br>Tipping, removals and house clearance<br>Delivery charges<br>Garden services<br>**Caring**<br>Food income|Restricted<br>£<br>£<br>-<br>12,928<br>-<br>10,837<br>-<br>-<br>-<br>691<br>-<br>1,297<br>-<br>25,753<br>-<br>-<br>Unrestricted|**2021**<br>**Total**<br>**£**<br>**12,928**<br>**10,837**<br>**-**<br>**691**<br>**1,297**<br>**25,753**<br>**-**|2020<br>Total<br>£<br>88,469<br>60,456<br>2,920<br>4,970<br>4,933|
||||161,748|
||||2,552|



All income from charitable activities in the prior year was unrestricted. 

## **5. Government grants** 

The charitable company receives government grants, defined as funding from Bath & North East Somerset Council to fund charitable activities and also support through the Coronavirus Job Retention Scheme. The total value of such grants in the period ending 31 March 2021 was £49,694 (2020: £1,000). There are no unfulfilled conditions or contingencies attaching to these grants in the current or prior period. 

24 



## **Genesis Trust Bath** 

## **Notes to the financial statements** 

## **For the year ended 31 March 2021** 

## **6. Total expenditure** 

|Staff costs (note 8)<br>Stock<br>Materials and activity costs<br>Catering and supplies<br>Motor and travel<br>Rent and service charges<br>Other accommodation costs<br>Other office costs<br>Fundraising, events and publicity<br>Depreciation<br>Professional fees<br>Accountancy<br>**Sub-total**<br>Allocation of support and governance costs<br>**Total expenditure**|Raising<br>funds<br>£<br>48,334<br>2,646<br>-<br>-<br>20<br>-<br>-<br>9,519<br>1,095<br>-<br>-<br>-<br>61,614<br>30,679<br>**92,293**|Enterprise<br>£<br>58,529<br>4,063<br>-<br>175<br>5,944<br>5,488<br>7,393<br>4,109<br>2,690<br>5,123<br>1,463<br>-<br>94,977<br>24,518<br>**119,495**|Training<br>£<br>68,874<br>-<br>923<br>433<br>109<br>-<br>-<br>885<br>135<br>-<br>-<br>-<br>71,359<br>2,604<br>**73,963**|Caring<br>£<br>132,259<br>132,747<br>15,913<br>569<br>4,736<br>8,337<br>19,484<br>12,446<br>130<br>805<br>-<br>-<br>327,426<br>90,516<br>**417,942**|Support<br>£<br>91,255<br>-<br>-<br>23<br>-<br>5,646<br>720<br>30,364<br>-<br>16,562<br>-<br>3,747<br>148,317<br>(148,317)<br>**-**|**2021 Total**<br>**£**<br>**399,251**<br>**139,456**<br>**16,836**<br>**1,200**<br>**10,809**<br>**19,471**<br>**27,597**<br>**57,323**<br>**4,050**<br>**22,490**<br>**1,463**<br>**3,747**|
|---|---|---|---|---|---|---|
|||||||**703,693**<br>-|
|||||||**703,693**|



Total governance costs in the current year were £2,760 (2020: £2,640). 

25 



## **Genesis Trust Bath** 

## **Notes to the financial statements** 

## **For the year ended 31 March 2021** 

## **6. Total expenditure: prior period comparative** 

|Staff costs (note 8)<br>Stock<br>Materials and activity costs<br>Catering and supplies<br>Motor and travel<br>Rent and service charges<br>Other accommodation costs<br>Other office costs<br>Fundraising, events and publicity<br>Depreciation<br>Professional fees<br>Accountancy<br>**Sub-total**<br>Allocation of support and governance costs<br>**Total expenditure**|Raising<br>funds<br>£<br>53,405<br>1,713<br>1,837<br>511<br>284<br>-<br>-<br>9,019<br>920<br>-<br>-<br>450<br>68,139<br>28,009<br>**96,148**|Enterprise<br>£<br>73,717<br>43,402<br>2,491<br>811<br>14,689<br>736<br>6,389<br>8,119<br>325<br>5,123<br>4,842<br>763<br>161,407<br>42,348<br>**203,755**|Training<br>£<br>76,186<br>-<br>1,965<br>146<br>1,286<br>-<br>-<br>2,329<br>462<br>-<br>-<br>100<br>82,474<br>6,469<br>**88,943**|Caring<br>£<br>74,434<br>109,094<br>10,146<br>1,158<br>3,007<br>6,509<br>9,245<br>6,269<br>-<br>805<br>-<br>930<br>221,597<br>57,613<br>**279,210**|Other<br>£<br>18,864<br>-<br>40<br>207<br>144<br>-<br>10<br>438<br>1,400<br>-<br>4,405<br>250<br>25,758<br>21,027<br>**46,785**|Support and<br>governance<br>costs<br>£<br>83,416<br>-<br>-<br>949<br>148<br>17,489<br>5,055<br>34,530<br>30<br>13,849<br>-<br>-<br>155,466<br>(155,466)<br>**-**|**2020 Total**<br>**£**<br>**380,022**<br>**154,209**<br>**16,479**<br>**3,782**<br>**19,558**<br>**24,734**<br>**20,699**<br>**60,704**<br>**3,137**<br>**19,777**<br>**9,247**<br>**2,493**|
|---|---|---|---|---|---|---|---|
||||||||**714,841**<br>-|
||||||||**714,841**|



Other expenditure relates to amounts written off in respect of the Next Step Appeal development on Walcot Street during the year ended 31 March 2020. 

26 



## **Genesis Trust Bath** 

## **Notes to the financial statements** 

## **For the year ended 31 March 2021** 

**7. Net movement in funds** 

This is stated after charging: 

|Depreciation<br>Loss on disposal of fixed assets<br>Trustees' remuneration<br>Trustees' reimbursed expenses<br>Independent examiners' remuneration<br>Independent examination (including VAT)|**2021**<br>**£**<br>**22,490**<br>**Nil**<br>**Nil**<br>**Nil**<br>**2,760**|2020<br>£<br>19,777<br>23,244<br>Nil<br>Nil<br>2,640|
|---|---|---|



**8. Staff costs and numbers** 

Staff costs were as follows: 

|Salaries and wages<br>Social security costs<br>Pension costs<br>Freelance staff|**2021**<br>**£**<br>**337,268**<br>**26,722**<br>**9,533**<br>**25,728**<br>**399,251**|2020<br>£<br>309,736<br>24,056<br>8,600<br>37,630|
|---|---|---|
|||380,022|



No employee earned more than £60,000 during the year. 

The key management personnel of the charitable company comprise the trustees and the chief executive. Total employee benefits paid to key management personnel including employer's national insurance and pension, were £46,598 (2020: £44,351). 

|Average head count|**2021**<br>**No.**<br>**17**|2020<br>No.<br>19|
|---|---|---|



## **9. Taxation** 

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. 

27 



## **Genesis Trust Bath** 

## **Notes to the financial statements** 

## **For the year ended 31 March 2021** 

## **10. Tangible fixed assets** 

|**Tangible fixed assets**||||||
|---|---|---|---|---|---|
|**Cost**<br>At 1 April 2020<br>Additions in year<br>At 31 March 2021<br>**Depreciation**<br>At 1 April 2020<br>Charge for the year<br>At 31 March 2021<br>**Net book value**<br>**At 31 March 2021**<br>At 31 March 2020|Tools,<br>machinery and<br>furniture<br>£<br>4,664<br>-<br>4,664<br>4,664<br>-<br>4,664<br>**-**<br>-|Freehold<br>property<br>£<br>233,606<br>-<br>233,606<br>79,010<br>10,766<br>89,776<br>**143,830**<br>154,596|Motor vehicles<br>£<br>3,431<br>-<br>3,431<br>2,626<br>805<br>3,431<br>**-**<br>805|Office<br>equipment<br>£<br>46,324<br>7,270<br>53,594<br>26,577<br>10,919<br>37,496<br>**16,098**<br>19,747|**Total**<br>**£**<br>**288,025**<br>**7,270**|
||||||**295,295**|
||||||**112,877**<br>**22,490**|
||||||**135,367**|
||||||**159,928**|
||||||175,148|



28 



## **Genesis Trust Bath** 

## **Notes to the financial statements** 

## **For the year ended 31 March 2021** 

|**11. Stock**<br>Furniture Project stock<br>Bath Foodbank stock<br>**12. Debtors**<br>Trade debtors<br>Prepayments<br>VAT<br>Other debtors<br>**13. Creditors : amounts due within 1 year**<br>Trade creditors<br>Accruals<br>Other creditors<br>VAT|**2021**<br>**£**<br>**9,803**<br>**22,322**<br>**32,125**<br>**2021**<br>**£**<br>**1,088**<br>**788**<br>**1,210**<br>**12,754**<br>**15,840**<br>**2021**<br>**£**<br>**891**<br>**7,520**<br>**1,852**<br>**-**<br>**10,263**|2020<br>£<br>7,762<br>20,374|
|---|---|---|
|||28,136|
|||2020<br>£<br>1,900<br>2,739<br>-<br>5,984|
|||10,623|
|||2020<br>£<br>2,051<br>6,998<br>5,911<br>213|
|||15,173|



## **14. Analysis of net assets between funds** 

|Tangible fixed assets<br>Current assets<br>Current liabilities<br>**Net assets at 31 March 2021**|£<br>£<br>117,824<br>42,104<br>157,393<br>423,898<br>-<br>(10,263)<br>**275,217**<br>**455,739**<br>Restricted<br>funds<br>Unrestricted<br>funds|**Total**<br>**funds**<br>**£**<br>**159,928**<br>**581,291**<br>**(10,263)**|
|---|---|---|
|||**730,956**|



29 



## **Genesis Trust Bath** 

## **Notes to the financial statements** 

## **For the year ended 31 March 2021** 

|**14. Analysis of net assets between funds (continued)**<br>**Prior period comparative**<br>Tangible fixed assets<br>Current assets<br>Current liabilities<br>**Net assets at 31 March 2020**<br>**15. Movements in funds**<br>At 1 April<br>2020<br>Income<br>£<br>£<br>**Restricted funds**<br>Bath Foodbank<br>41,645<br>192,502<br>Home For Good<br>13,690<br>10,098<br>Gateway Centre<br>182,039<br>-<br>Bath Street Pastors<br>5,156<br>4,200<br>Furniture Shop<br>-<br>749<br>Development<br>-<br>25,001<br>Life Skills<br>-<br>22,366<br>Lifeline Centre<br>-<br>79,397<br>**Total restricted funds**<br>242,530<br>334,313<br>**Unrestricted funds**<br>General funds<br>283,659<br>574,147<br>**Total unrestricted funds**<br>283,659<br>574,147<br>**Total funds**<br>526,189<br>908,460<br>**Purposes of restricted funds**|**Total**<br>**funds**<br>£<br>£<br>**£**<br>123,752<br>51,396<br>**175,148**<br>118,778<br>247,436<br>**366,214**<br>-<br>(15,173)<br>**(15,173)**<br>**242,530**<br>**283,659**<br>**526,189**<br>£<br>£<br>**£**<br>(130,917)<br>-<br>**103,230**<br>(10,077)<br>-<br>**13,711**<br>(64,215)<br>-<br>**117,824**<br>(3,905)<br>-<br>**5,451**<br>(749)<br>-<br>**-**<br>-<br>10,000<br>**35,001**<br>(22,366)<br>-<br>**-**<br>(79,397)<br>-<br>**-**<br>(311,626)<br>10,000<br>**275,217**<br>(392,067)<br>(10,000)<br>**455,739**<br>(392,067)<br>(10,000)<br>**455,739**<br>(703,693)<br>-<br>**730,956**<br>Restricted<br>funds<br>Unrestricted<br>funds<br>Expenditure<br>Transfers<br>between<br>funds<br>**At 31 March**<br>**2021**|**Total**<br>**funds**<br>**£**<br>**175,148**<br>**366,214**<br>**(15,173)**|
|---|---|---|
|||**526,189**|
|||**275,217**|
|||**455,739**|
|||**455,739**|
|||**730,956**|
||||



**Bath Foodbank** This is a partnership with the Trussell Trust, providing food to people in crises. 

**Home For Good** 

Home For Good encourages people to consider fostering and adopting and equips churches to support families that do. 

30 



## **Genesis Trust Bath** 

## **Notes to the financial statements** 

## **For the year ended 31 March 2021** 

## **15. Movements in funds (continued) Purposes of restricted funds (continued)** 

**Gateway Centre (formerly** This fund was a capital appeal to develop a permanent home for **Next Step Appeal)** Genesis and new social enterprises. It now represents the net book value of the completed Gateway Centre. **Bath Street Pastors** This is a partnership with the Ascension Trust, for volunteers who patrol Bath city centre on Friday and Saturday nights. 

**Furniture Shop** The Furniture Shop provides affordable, good quality second hand furniture for both retail customers and charitable beneficiaries. 

**Development** A fund created in response to a specific donation for the sustainable development of the charity. 

**Life Skills** Life Skills work with vulnerable people through activities and courses for individuals to take part in. **Lifeline Centre** This project is a drop in centre for those who are homeless or otherwise vulnerable. 

31 



## **Genesis Trust Bath** 

## **Notes to the financial statements** 

## **For the year ended 31 March 2021** 

## **15. Movements in funds (continued)** 

|**Prior period comparative**<br>**Restricted funds**<br>Bath Foodbank<br>Furniture Shop<br>Home For Good<br>Life Skills<br>Lifeline Centre<br>New Projects<br>Next Step Appeal<br>Bath Street Pastors<br>**Total restricted funds**<br>**Unrestricted funds**<br>General funds<br>**Total unrestricted funds**<br>**Total funds**|At 1 April<br>2019<br>£<br>37,565<br>-<br>17,774<br>-<br>-<br>9,526<br>252,599<br>7,066<br>324,530<br>229,200<br>229,200<br>553,730|Income<br>£<br>44,032<br>9,422<br>8,472<br>4,959<br>45,679<br>-<br>2<br>3,200<br>115,766<br>571,534<br>571,534<br>687,300|£<br>(39,952)<br>(9,422)<br>(12,556)<br>(4,959)<br>(45,679)<br>-<br>(80,088)<br>(5,110)<br>(197,766)<br>(517,075)<br>(517,075)<br>(714,841)<br>Expenditure|£<br>**£**<br>-<br>**41,645**<br>-<br>**-**<br>-<br>**13,690**<br>-<br>**-**<br>-<br>**-**<br>(9,526)<br>**-**<br>9,526<br>**182,039**<br>-<br>**5,156**<br>-<br>**242,530**<br>-<br>**283,659**<br>-<br>**283,659**<br>-<br>**526,189**<br>Transfers<br>between<br>funds<br>**At 31 March**<br>**2020**|£<br>**£**<br>-<br>**41,645**<br>-<br>**-**<br>-<br>**13,690**<br>-<br>**-**<br>-<br>**-**<br>(9,526)<br>**-**<br>9,526<br>**182,039**<br>-<br>**5,156**<br>-<br>**242,530**<br>-<br>**283,659**<br>-<br>**283,659**<br>-<br>**526,189**<br>Transfers<br>between<br>funds<br>**At 31 March**<br>**2020**|
|---|---|---|---|---|---|
||||||**242,530**|
||||||**283,659**|
||||||**283,659**|
||||||**526,189**|



## **16. Commitments under operating leases** 

At 31 March 2021 the charity had the following total commitments under non-cancellable operating leases: 

|Amounts falling due:<br>Within one year<br>Within one to five years|**2021**<br>**£**<br>**3,000**<br>**-**<br>**3,000**|2020<br>£<br>2,342<br>-|
|---|---|---|
|||2,342|



## **17. Related party transactions** 

There were no related party transactions during the year. In the prior year trustees made donations to the charitable company in aggregate of £120, donations were made without any conditions. 

32