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2022-03-31-accounts

Company no. 08609938 Charity no. 1154253

Report and Unaudited Financial Statements

31 March 2022

Genesis Trust Bath

Reference and administrative details

For the year ended 31 March 2022

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

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Genesis Trust Bath

Report of the trustees

For the year ended 31 March 2022

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:

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 ill-health.

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 many of our volunteers and supporters 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 and 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:

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 with Home for Good; and we have a growing Furniture Shop social enterprise.

Achievements and performance

2021-2022 was another very full and complex year and we are grateful to all the volunteers, supporters, trustees and staff for their efforts in making the year a success.

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Genesis Trust Bath

Report of the trustees

For the year ended 31 March 2022

Some of the highlights of the year include:

We increasingly refer to “clients” (beneficiaries) as “guests” or “visitors” so please consider these terms to be interchangeable in this annual report.

We are extremely grateful for the financial provision that we have received during the year. Although our fundraising from events and community activities have still been impacted by the pandemic, overall, individuals, churches, local businesses and trusts 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 be flexible with 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.

Life Projects at the Gateway Centre

Life Projects is the collective name we have given to the closer aligning of three of our projects: Lifeline, Life Skills and the Life Course. Sue Fourie, Life Projects Manager, comments:

“What is evident and developing strongly at Life Projects is how guests are accessing all three areas so seamlessly and how fluid the transition is for any person to access the three areas (Lifeline, Life Skills or the Life Course) or, depending on their need, all three simultaneously.

Whilst each area has a specific function, the dividing lines for guests are increasingly blurred and Life Projects is providing equal access and opportunity to any guest who arrives at our door. The fundamental change is that a guest forms meaningful relationships and develops trust with all staff whilst receiving targeted support in many different areas of their lives.

As always, at the heart of what we do are the relationships we start, build and nurture with our guests. We give people time. We invest in them. We believe and show them that they are valuable, that they were born to be valued. Alongside this we offer practical support.

Forming meaningful relationships means we are having meaningful social interactions which are key to developing social skills, confidence, and respect; and shows us how to care for ourselves and each other.

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Genesis Trust Bath

Report of the trustees

For the year ended 31 March 2022

So, whether our guests are interacting in an activity or over breakfast, they are becoming socially connected. They are developing a sense of belonging. This increases their level of selfawareness, their sense of who they are, which results in healthier interactions and stronger relationships. At the heart of this is an increase in self-esteem and acceptance of oneself - and it is only when we love ourselves that we can accept who we are, become less stuck, and want to move forward to more independence.”

Lifeline

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 invariably face 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, finance, wellbeing and work. (Please refer to www.nesta.org.uk & www.makingeverycontactcount.co.uk for more).

Lifeline offers a welcoming oasis with practical support including showers, clothing, toiletries, pet items, food parcels, supplies of fruit and vegetables, and hot breakfasts. Our team of dedicated staff and volunteers help guests 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. The need for more support for those in tenancies but not coping very well with managing a home or household budget is increasing. People are invariably “re-housed” but not “re-homed”. Supporting people to be successfully “rehomed” is becoming an increasingly important aspect of our work.

2021-22 was a year of adjustment as we responded to changing covid rules and guidelines. This influenced behaviour patterns in our guests and in how we responded. It is a matter of some celebration that Lifeline has emerged with a 1:1 booking system in place which is being used well. This momentum has been successfully maintained beyond covid regulations and arranged appointments are now our preferred option as the outcomes are better for the individual, although it is important to still cater for ad hoc meetings.

During the year Lifeline was open on 146 days, saw 299 individuals with 3,469 interactions, an average of 289 per month. 60% of guests visit fewer than five times a year; 16% visit more than 20 times. Interactions involved work (3%), money (28%), home (29%) and wellbeing issues (40%).

Wellbeing is an increasing focus within Lifeline. We encourage guests who approach us for home and money related practical support to also consider the impact on their wellbeing. The aim is to help the person understand how dealing with their practical issues can lead to an improvement in their general wellbeing.

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Genesis Trust Bath

Report of the trustees

For the year ended 31 March 2022

We were able to re-introduce some social time within Lifeline which is so important for guests' wellbeing and sense of connection with others, and we allowed a measure of increased flexibility to cater for some guests who returned to more chaotic behaviour. The introduction of breakfast on Wednesdays during the year has proved to be very welcome. It provides an important social event and helps introduce further support, courses and activities. Breakfast is now being attended by 18-22 people each week.

Providing short-term practical crisis support leads to on-going developmental support work. If issues are not attended to promptly they can become entrenched and threaten tenancies, financial sustainability, general wellbeing, and further erode the person’s sense of self-worth and faith in their own competence. 176 individuals had personal meetings with staff, of whom 130 had up to five such meetings in the year.

We also provide increasing amounts of medium to long-term support. This will involve weekly meetings over an extended period and often more complex issues to do with money (e.g., benefit applications, especially related to medical assessments, debts, budgeting), housing (e.g., potential eviction issues, neighbour issues, rent arrears, housekeeping and living skills), general wellbeing (e.g., issues of personal identity and purpose, regulating emotions) and work related activities (e.g., work search). 43 people were involved in more medium to long-term work, each with their own story of trauma, fear of failure, general lack of hope, addictions, mental health issues and a tendency towards self-neglect.

This work is slow and changes are incremental. People make progress and then slip back, requiring further encouragement. But we are grateful to have helped people achieve progress in areas such as clearing debt, putting money on gas and electric meters, tidying and cleaning homes, addressing their own wellbeing, exercise, personal hygiene, attending other courses, addressing addictions, and moving successfully into homes. The changes are invariably gradual but no less important.

Life Skills

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.

We delivered a range of courses and activities that assisted participants to develop healthier lifestyle choices, reduce social isolation, increase confidence and self-esteem, and encourage further participation in community and meaningful activity. These combine activities with coaching, mentoring and advocacy to help clients move forward with their lives. Popular activities included yoga, cookery, English, IT, art, creative writing, knitting, and a making sense of faith group. (Ref: https://www.dpt.nhs.uk/resources/recovery-and-wellbeing/five-ways-to-wellbeing).

During the year 94 clients were involved in 28 different courses or activities, a total of more than 210 sessions. Over 80% of clients rated the courses or activities as excellent and 89% reported having experienced a positive change as a result. The team supported 70 people with 404 one-toones covering wellbeing (45%), home (44%), work (7%) and money (4%).

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Genesis Trust Bath

Report of the trustees

For the year ended 31 March 2022

Our use of the WEMWBS measurement system for wellbeing in Life Skills and the Life Course combined, indicated a subjective average improvement from 39 (in the probable depression range) to 45.7 (in the average mental health range). Whilst being a very positive outcome for our clients, this remains below England’s average of 51.6 and demonstrates the vulnerability of many of our clients. (Ref: https://warwick.ac.uk/fac/sci/med/research/platform/wemwbs).

Life Course

The Life Course, which we introduced in September 2020, is going from strength to strength. It is a 20-session course over 10 weeks for up to 8 attendees (although slightly fewer during the pandemic). It has a recovery and therapeutic focus which has been very well received by course members and referring external agencies.

The WEMWBS measurement for the Life Course was encouraging. The baseline score beforehand was 37.8 (probable depression), rising to 41.2 (possible depression) at the end of the course. Most encouraging was that 7-12 months later the score had increased further to 43.3 which suggests a positive ongoing impact of the course. The three courses were delivered during the year, involving 19 guests.

Feedback from attendees demonstrates the value of this course with positive change being recorded in all areas using the “Recovery Star” outcomes measurement system. Over 80% of attendees reported a positive significant change after completing the course. We have had guests take up volunteering opportunities, make progress on addictions and exercise, and take other courses elsewhere. One guest won a poetry award.

Here is one guest’s feedback from the Life Course: “The Life Course has taught me fantastic coping mechanisms to help take control of my everyday situations and taking care of myself better. It has encouraged me to face meeting new people and to re-adjust and adapt with my trauma and self-esteem and confidence. I have cried, I have laughed, and I have had fun.”

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.

During the year we fulfilled 2,279 vouchers which provided meals for 3,864 people, 1,035 of whom were children. We also continued to support the homeless community who were housed during the pandemic.

We worked with 50 external agencies, the top ten of which referred 2004 of the vouchers. Welfare Support and Citizens Advice issued 54% of the total vouchers, with low income and debt being the main reasons given.

We are very grateful for our donors and partners such as the supermarkets. Collections totalled over 56,000kg, with 82% coming via the supermarket collection points. We are also grateful for the support offered by our local community including churches, schools, businesses and individuals.

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Genesis Trust Bath

Report of the trustees

For the year ended 31 March 2022

With funding and help from local businesses and churches we were also able to help families in the following ways:

We have faced another year of change with reverting from our delivery service that was introduced during the height of the pandemic to reopening two of our foodbank centres. This has only been possible because of a very committed team of approximately 60 volunteers. We thank them all.

Looking to the future, we have a lot of exciting developments including:

Home for Good

The objectives of Home for Good are to:

We are pleased that at the end of March 2022 only five foster families were needed for regular foster care in B&NES; down from 30 in November 2017 when we started Home for Good in our area.

The local model of Home for Good being supported and working closely with the local council has developed so well that our local Home for Good effort is to be migrated to be part of the national Home for Good effort during the 2022/23 financial year.

Furniture Shop

We took the opportunity during the pandemic period of 2020/21 to review the purposes and plans for the furniture project 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.

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Genesis Trust Bath

Report of the trustees

For the year ended 31 March 2022

To that end, following the forced closure of the previous Furniture Project from March 2020, we decided to open as an on-line only furniture shop, initially using eBay, and created a warehouse and distribution centre on a local trading estate. We opened the online store in March 2021.

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 contributor 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.

The quality and volume of donations is increasing, and the market potential is huge. From a standing start in April 2021 we are proud to have achieved turnover for the year of £98,138. Having demonstrated that the business model for the Furniture Shop is both scalable and that there is a market to be served, we are aiming to grow the enterprise during 2022/23 and beyond.

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. As we emerge from the pandemic we are considering how this area will develop for the future.

Property

The Gateway Centre continues to be the home for our Life Projects. Our West Avenue site is home for the Foodbank warehouse and, temporarily, our office. We are considering options for the future, not least because we are anticipating new parking restrictions to be introduced that are likely to materially impact our sites.

Fundraising

Fundraising has been both frustrating (with the cancellation and postponement of events such as the London Marathon, Bath Half Marathon, and our own Leap of Faith) and encouraging because of the wonderful support of those committed to Genesis.

Individuals and families who have donated to support our work have made a significant contribution to our ability to maintain our services during another unpredictable year. We express our sincere thanks to everyone who has given a one-off gift, a donation to our Christmas appeal and/or who gives regularly to Genesis. We are very grateful for being so well supported by trusts, foundations, churches and businesses during what has been a very difficult time.

We would like to thank everyone who generously donated during the year, whether it was money, clothing, furniture, food or indeed anything else. We could not have continued delivering our services to support the marginalised and vulnerable in our area without your support.

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Genesis Trust Bath

Report of the trustees

For the year ended 31 March 2022

Chaplaincy

Recognising the importance of mind, body and 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 and offer a ‘listening ear’, encouragement, hope, guidance and practical advice if appropriate. 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 none.

Financial review

We are pleased to report a healthy income for the year of £679k, of which £161k 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 £403k (liquid funds of approximately £362k) The trustees are to be advised if the reserves fall outside of this range.

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

Plans for the future

As in the last couple years, the future is difficult to predict and therefore flexibility will continue to be key.

2022/23 is set to be another very busy year for Genesis Trust. As well as doing our best to continue our usual work there are several continuing areas of focus:

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Genesis Trust Bath

Report of the trustees

For the year ended 31 March 2022

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.

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

During the year, our founder and long-term chairman, Peter Heywood, retired from being the chair. The new chair since September 2021 has been Ian McKay.

We would like to thank Jim McPhee who stood down as a trustee during the year.

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:

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Genesis Trust Bath

Report of the trustees

For the year ended 31 March 2022

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.

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 5 October 2022 and signed on their behalf by

EURTRICE E HORWOOD

Eurtrice Horwood - Chair

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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 2022, which are set out on pages 13 to 31.

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:

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: 5 October 2022 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

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Genesis Trust Bath

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

For the year ended 31 March 2022

Note
Income from:
Donations and legacies
3
Charitable activities:
4
Enterprise
Other trading activities
Investments
Other income
Total income
Expenditure on:
Raising funds
Charitable activities:
Enterprise
Training
Caring
Total expenditure
6
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Net income / (expenditure)
and net movement in funds		 Restricted
£
160,974
-
-
-
-
160,974
-
39,527
13,352
149,822
202,701
(41,727)
275,217
233,490		 Unrestricted
£
410,498
99,138
8,510
30
45
518,221
123,694
113,967
115,002
218,987
571,650
(53,429)
455,739
402,310		 2022
2021
Total
Total
£
£
571,472
879,986
99,138
25,753
8,510
2,510
30
211
45
-
679,195
908,460
123,694
92,293
153,494
119,495
128,354
73,963
368,809
417,942
774,351
703,693
(95,156)
204,767
730,956
526,189
635,800
730,956

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.

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Genesis Trust Bath

Balance sheet

As at 31 March 2022

Note
Fixed assets
Tangible assets
10
Current assets
Stocks
11
Debtors
12
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
13
Net current assets
Net assets
14
Funds
15
Restricted funds
Unrestricted funds
Total charity funds		 £
32,224
11,210
449,782
493,216
(15,284)		 2022
£
157,868
477,932
635,800
233,490
402,310
635,800		 2021
£
159,928
32,125
15,840
533,326
581,291
(10,263)
571,028
730,956
275,217
455,739
730,956

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:

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 5 October 2022 and signed on their behalf by

EURTRICE E HORWOOD

Eurtrice Horwood - Chair

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Genesis Trust Bath

Statement of cash flows

For the year ended 31 March 2022

Net movement in funds
Adjustments for:
Depreciation charges
Gain on disposal of fixed assets
Interest received
Decrease / (increase) in stock
Decrease / (increase) in debtors
Increase / (decrease) in creditors
Net cash used in operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of tangible fixed assets
Sale of tangible fixed asset
Net cash used in investing activities
Increase in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2022
£
(95,156)
21,202
(45)
(30)
(99)
4,630
5,021
(64,477)
30
(19,596)
499
(19,067)
(83,544)
533,326
449,782		 2021
£
204,767
22,490
-
(211)
(3,989)
(5,217)
(4,910)
212,930
211
(7,270)
-
(7,059)
205,871
327,455
533,326

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

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Genesis Trust Bath

Notes to the financial statements

For the year ended 31 March 2022

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 charity holds unrestricted funds of £402,310 and has a cash balance of £449,782. 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.

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.

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Genesis Trust Bath

Notes to the financial statements

For the year ended 31 March 2022

1. Accounting policies (continued)

d) Donated services and facilities (continued)

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.

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:

2022 2021
Raising funds 12% 21%
Enterprise 12% 16%
Training 31% 2%
Caring 45% 61%

17

Genesis Trust Bath

Notes to the financial statements

For the year ended 31 March 2022

1. Accounting policies (continued)

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.

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) 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.

18

Genesis Trust Bath

Notes to the financial statements

For the year ended 31 March 2022

1. Accounting policies (continued)

p) 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.

q) 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

19

Genesis Trust Bath

Notes to the financial statements

For the year ended 31 March 2022

2. Statement of financial activities: prior period comparative

Income from:
Donations and legacies
Charitable activities:
Enterprise
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities:
Enterprise
Training
Caring
Total expenditure
Net expenditure
Transfers between funds
Net movement in funds		 2021
Restricted
Total
£
£
£
334,313
545,673
879,986
-
25,753
25,753
-
2,510
2,510
-
211
211
334,313
574,147
908,460
-
92,293
92,293
64,964
54,531
119,495
32,443
41,520
73,963
214,219
203,723
417,942
311,626
392,067
703,693
22,687
182,080
204,767
10,000
(10,000)
-
32,687
172,080
204,767
Unrestricted

20

Genesis Trust Bath

Notes to the financial statements

For the year ended 31 March 2022

3. Income from donations and legacies

Income from donations and legacies
Donations
Churches
Individuals
Organisations
Fundraising events
Schools
Stock
Legacies
Gift aid
Grants > £5,000
Garfield Weston Foundation
Family Placement Team
National Lottery
Pret Foundation Trust
Sobell Foundation
Goodnews Evangelical
29th May 1961 Charity
Cobalt Trust
George Cadbury Fund
Medlock Trust
Trussell Trust
Coronavirus Job Retention Scheme
Quartet Community Foundation
Total grants less than £5,000: 21
Total donations and legacies		 Restricted
£
£
7,512
35,506
67,089
134,113
13,224
9,783
328
22,137
-
344
-
98,715
-
10,413
24,837
25,634
-
25,000
10,000
-
10,000
-
10,000
-
-
10,000
-
7,000
5,000
-
5,000
-
-
5,000
-
5,000
2,948
-
-
1,850
698
-
4,338
20,003
160,974
410,498
Unrestricted		 2022
Total
£
43,018
201,202
23,007
22,465
344
98,715
10,413
50,471
25,000
10,000
10,000
10,000
10,000
7,000
5,000
5,000
5,000
5,000
2,948
1,850
698
20,003
571,472

21

Genesis Trust Bath

Notes to the financial statements

For the year ended 31 March 2022

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

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

22

Genesis Trust Bath

Notes to the financial statements

For the year ended 31 March 2022

4. Income from charitable activities

Income from charitable activities
Enterprise
Shop sales - donated furniture
Shop sales - purchased furniture
Tipping, removals and house clearance
Delivery charges
Garden services		 2022
£
95,704
35
462
2,937
-
99,138		 2021
£
12,928
10,837
-
691
1,297
25,753

All income from charitable activities in the current and prior period 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 2022 was 11,850 (2021: £49,694). There are no unfulfilled conditions or contingencies attaching to these grants in the current or prior period.

23

Genesis Trust Bath

Notes to the financial statements

For the year ended 31 March 2022

6. Total expenditure

Staff costs (note 8)
Stock
Materials and activity costs
Catering and supplies
Motor and travel
Rent and service charges
Other accommodation costs
Other office costs
Fundraising, events and publicity
Depreciation
Professional fees
Accountancy
Insurance
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising
funds
£
83,530
2,489
441
32
39
-
-
15,114
1,797
-
-
-
-
103,442
20,252
123,694		 Enterprise
£
63,666
12,009
317
140
10,510
10,101
6,235
2,622
1,602
-
-
-
-
107,202
21,152
128,354		 Training
£
78,748
-
5,419
317
310
-
-
5,107
60
5,123
4,006
-
-
99,090
54,404
153,494		 Caring
£
114,841
105,173
15,999
1,251
2,204
12,536
25,151
12,679
-
-
-
-
-
289,834
78,975
368,809		 Support
£
124,738
-
-
64
803
(6,000)
6,885
24,526
-
16,079
-
3,017
4,671
174,783
(174,783)
-		 2022 Total
£
465,523
119,671
22,176
1,804
13,866
16,637
38,271
60,048
3,459
21,202
4,006
3,017
4,671
774,351
-
774,351

Total governance costs in the current year were £2,910 (2021: £2,760).

24

Genesis Trust Bath

Notes to the financial statements

For the year ended 31 March 2022

6. Total expenditure (continued) Prior period comparative

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

25

Genesis Trust Bath

Notes to the financial statements

For the year ended 31 March 2022

7. Net movement in funds

This is stated after charging:

Depreciation
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiners' remuneration
▪Independent examination (including VAT)		 2022
£
21,202
Nil
Nil
2,910		 2021
£
22,490
Nil
Nil
2,760

8. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs
Freelance staff		 2022
£
404,204
34,139
11,397
15,783
465,523		 2021
£
337,268
26,722
9,533
25,728
399,251

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 £55,795 (2021: £46,598).

Average head count 2022
No.
19		 2021
No.
17

9. Taxation

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

26

Genesis Trust Bath

Notes to the financial statements

For the year ended 31 March 2022

10. Tangible fixed assets

Tangible fixed assets
Cost
At 1 April 2021
Additions in year
Disposals in year
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
Depreciation on disposals
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Tools,
machinery and
furniture
£
4,664
-
-
4,664
4,664
-
-
4,664
-
-		 Freehold
property
£
233,606
-
-
233,606
89,776
8,544
-
98,320
135,286
143,830		 Motor vehicles
£
3,431
-
-
3,431
3,431
-
-
3,431
-
-		 Office
equipment
£
53,594
19,596
(496)
72,694
37,496
12,658
(42)
50,112
22,582
16,098		 Total
£
295,295
19,596
(496)
314,395
135,367
21,202
(42)
156,527
157,868
159,928

27

Genesis Trust Bath

Notes to the financial statements

For the year ended 31 March 2022

11. Stock
Furniture Project stock
Bath Foodbank stock
12. Debtors
Trade debtors
Prepayments
VAT
Other debtors
13. Creditors : amounts due within 1 year
Trade creditors
Accruals
Other creditors
14. Analysis of net assets between funds		 11. Stock
Furniture Project stock
Bath Foodbank stock
12. Debtors
Trade debtors
Prepayments
VAT
Other debtors
13. Creditors : amounts due within 1 year
Trade creditors
Accruals
Other creditors
14. Analysis of net assets between funds		 11. Stock
Furniture Project stock
Bath Foodbank stock
12. Debtors
Trade debtors
Prepayments
VAT
Other debtors
13. Creditors : amounts due within 1 year
Trade creditors
Accruals
Other creditors
14. Analysis of net assets between funds		 2022
£
16,361
15,863
32,224
2022
£
2,534
1,760
1,116
5,800
11,210
2022
£
2,888
9,980
2,416
15,284		 2021
£
9,803
22,322
32,125
2021
£
1,088
788
1,210
12,754
15,840
2021
£
891
7,520
1,852
10,263
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2022		 Total
funds
£
£
£
117,824
40,044
157,868
115,666
377,550
493,216
-
(15,284)
(15,284)
233,490
402,310
635,800
Restricted
funds
Unrestricted
funds
Analysis of net assets between funds
Restricted
Unrestricted		 Total
funds funds funds
£ £ £
Tangible fixed assets 117,824 40,044 157,868
Current assets 115,666 377,550 493,216
Current liabilities - (15,284) (15,284)
Net assets at 31 March 2022 233,490 402,310 635,800

28

Genesis Trust Bath

Notes to the financial statements

For the year ended 31 March 2022

14. Analysis of net assets between funds (continued)
Prior period comparative
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2021		 £
£
117,824
42,104
157,393
423,898
-
(10,263)
275,217
455,739
Restricted
funds
Unrestricted
funds		 Total funds
£
159,928
581,291
(10,263)
730,956

15. Movements in funds

Restricted funds
Bath Foodbank
Home For Good
Gateway Centre
Bath Street Pastors
Furniture Shop
Development
Life Skills
Lifeline Centre
Total restricted funds
Unrestricted funds
General funds
Total unrestricted funds
Total funds
Purposes of restricted funds		 At 1 April
2021
£
103,230
13,711
117,824
5,451
-
35,001
-
-
275,217
455,739
455,739
730,956		 Income
£
£
£
105,479
(115,348)
93,361
10,000
(10,934)
12,777
-
(6,299)
111,525
150
(5,601)
-
14,054
(14,054)
-
-
(19,174)
15,827
2,418
(2,418)
-
28,873
(28,873)
-
160,974
(202,701)
233,490
518,221
(571,650)
402,310
518,221
(571,650)
402,310
679,195
(774,351)
635,800
Expenditure
At 31 March
2022		 Income
£
£
£
105,479
(115,348)
93,361
10,000
(10,934)
12,777
-
(6,299)
111,525
150
(5,601)
-
14,054
(14,054)
-
-
(19,174)
15,827
2,418
(2,418)
-
28,873
(28,873)
-
160,974
(202,701)
233,490
518,221
(571,650)
402,310
518,221
(571,650)
402,310
679,195
(774,351)
635,800
Expenditure
At 31 March
2022
233,490
402,310
402,310
635,800

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.

29

Genesis Trust Bath

Notes to the financial statements

For the year ended 31 March 2022

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

Gateway Centre

This fund represents the net book value of the 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.

30

Genesis Trust Bath

Notes to the financial statements

For the year ended 31 March 2022

15. Movements in funds (continued) Prior period comparative

Prior period comparative
Restricted funds
Bath Foodbank
Home For Good
Gateway Centre
Bath Street Pastors
Furniture Shop
Development
Life Skills
Lifeline Centre
Total restricted funds
Unrestricted funds
General funds
Total unrestricted funds
Total funds		 At 1 April
2020
£
41,645
13,690
182,039
5,156
-
-
-
-
242,530
283,659
283,659
526,189		 Income
£
192,502
10,098
-
4,200
749
25,001
22,366
79,397
334,313
574,147
574,147
908,460		 £
(130,917)
(10,077)
(64,215)
(3,905)
(749)
-
(22,366)
(79,397)
(311,626)
(392,067)
(392,067)
(703,693)
Expenditure		 £
-
-
-
-
-
10,000
-
-
10,000
(10,000)
(10,000)
-
Transfers
between
funds		 £
103,230
13,711
117,824
5,451
-
35,001
-
-
At 31 March
2021
275,217
455,739
455,739
730,956

16. Commitments under operating leases

At 31 March 2022 the charity had the following total commitments under non-cancellable operating leases:

Amounts falling due:
Within one year		 2022
£
3,000		 2021
£
3,000

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.

31