GUILFOYLE SAGE LLP Chartered Accountants EDEN GATE NEWPORT ANNUAL REPORT INCORPORATING FINANCIAL STATEIMENTS FOR THE YEAR ENDED 31st MARCH 2024 4 UK200GIoup
EDEN GATE NEWPORT YEAR ENDED 31st MARCH 2024 INDEX TO THE ANNUAL REPORT INCORPORATING FINANCIAL STATEMENTS Page Trustees, Annual Report Report of the Independent Eximlner Statement of Fin&ntlal Attlviti¢s Notes to the Finaneial Statements 7-10
EDEN GATE NEWPORT REPORT OF TIIE TRUSTEES FOR THE YEAR ENDED 31s¢ MARCH 2024 The Trustees present their together with th¢ financial statements of the Charity for the year ended 3 1st March 2024. Th¢ financial slaternents have been prepared in cordanCe with Ihe accounting policies set out in Note l and comply with the Charity's Constitution and applicabl¢ law. Legal and admillistrAtive informatio Charity registratiin nMbfrr 1154545 Address 25 Hill Street NewporL South Wales NP20 ILZ Trustees Franz Huelle Andr¢w Lighibown Pamela Mccarthy Harvcy R Philpoti Don Reed Mary Taylor Alyson Thomas Chair until February 2024 appolnted February 2024 Vice Chair appolnted Aprll 2023 Chalr from February 2024 appolnted Aprll 2024 Secretary Mary Taylor Ind¢p¢nd¢nt Examin¢r Guilfoyle Sage LLP 21 Gold Tops Newport NP20 4PG B4nk¢r$ Barclays Bank PIC 14 Commercial Street Newport NP20 IHE STRUCTURE, GOVERNANCE AND MAP4AGEMENT Gov¢rfting Do¢ument The Charity was registered as a Charitabl¢ IncoOrated Organisation (CIO) on 13 November 2013 under charity regi51ralion nutDb¢r 1154545. The Charitys governing documenl is based on a Foundation Model Constitution. Recruitment and appoinlm¢nt of new trst8 All persons wishing to becom¢ TnJste¢5 are given a tTUStee role descriplion. a tTUStee persY)n description and a truslee Code of ¢onducL following which they are required to submit an application fom wilh a CV and a declaration as to their fitness. If the existing Trustees resolve that the applicani be appoint¢d. (s)he Must undergo induction training during which (s)he will bc givcn (and receive help understanding) copies of: . the governing document . Ehe annual report and accounts • the current budget internal policy ststements . lh¢ strdtegic plan. business plan andlor operation81 plan Page I
EDEN GATE NEWPORT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024- conliDu¢d STRUCTURE. GOVERNANCE AND MANACEMENT continued OrgJnis4tional Stcture During the year we have had a fijll time Operations Manag¢r. M fvll lime sUprt Worku5 and a part time Support Worker permanently employed by the Charity. No Cmployee was on & fixed-terni contracL Th¢ Op¢rations Manager reports to th¢ Chair of Ihe Trustees. All oih¢r staff and volunteers report 10 th¢ Operations Manag¢r. There are now seven Trustees: Chair. Vice Chair, Secretsry and four others. The Trustees have and continue lo work hard to recruit more Trustres and this has been succe&gfvl during 2023124. We are grateful that a volunt¢er with fin8ncial experience is managing our finances wilh clox contact with the Trustee The njajority of the Trustees do not act as Volunteers in the Charity's contacts with gu&%ts. RelAted Pftrties We have no fornMI link with any related paty, but we do a1vely eoryoperate with other organisalions also working lo help those whom we seek to help. Risk Management and Review The Trustees regularly review 8 risk register which has identified the followin8 risks areas for considerntion: . Risk of abuse by staff or volunleers or of abusive behaviour from a guest direct at staff or voltsnleers. This is managed by ensuring good procedures &re in place to miti8aic the r75k, such as irninin8 StaQ DBS checks bein8 in place for staff and volunteers and erLacting a clear safeguarding policy. All aff and voluntr¢rs ar¢ asked to read Ond sign appropriate policie5. W¢ have introduced a moTe forn)aiised induction process for volunt¢ers to ensure that they are Irained before working at Eden Gale. Over the last year we have incre&sed security with additional Cm and continue to mainrain close links with th¢ poli¢¢. W¢ ftlso ensure our lone worker policy is adhered lo ai all times. . Risk of a loss of support from our volunleerin8 base has als b¢en id¢ntifJed. We have been increasing volunteers to mitigate this risk and conunu¢ to M¢ourag¢ more Nvluni¢¢TS w come forward. • Risk of loss of income. During 2023f24 we lost the'Supportin8 People, ndIng which we have received for several year5 Irom Ihe Local Authority. However, the Charity has built up reserves L8 the Truste¢5 for¢saw Ihis could happen. The Trustees and Operations Manager have SUC$SlIY pursued additional fvnd rnising oplions, most notably a grant In excess of £300,000 coveilng the next two financial reportlng perlods ending March 2025 and 2026. Safeguarding The Charlty has provlded services to adults deemed at rlsk In this flnanclal period, All necessary D8S checks at the required level have been obtained for all staff and volunteers. Govemance revlew The Trustees have decided to aim to Comply wlth the Charlty Governance Code as publlshed by the Charlty Commlsslon. A full revlew revealed that most of the prlnclples of the code were already belng adhered to. Some additional fomial written pollcles are needed which will be formulated in 202415 in order to achleve full compllance wlth the code. The pollcies currently in place cover financlal controts. safeguardln& flnanclal reserves, Serious incident reporting and Internal risk managernent. OBJEcfivES AND AcfiviTIES Summary of the objectives set out in tbt governing do¢um¢nt In NewporL South Wales (primarily) reliefand h¢lp to pcopk expericncin& or ai risk of. homelessness or substance dependency by: buildin8 initial InteIl0S with guests founded on resp¢cl and tn ¢reating a s&f¢ environmenl lo ¢nable guests to move forward facilitating a rdnge of intervention services looking to continuously develop our s¢tvi¢es and incrc&sc their effeclivcnes5 ' alleviation through rehibililation and support to integrate them back into society working in collaboration with other organisaiion5 looktng for similar outcomes ' educating the public about homelessness and substance d¢pendence aDd abus4 working in partnership with other groups in¢luding Christian Church As well as prov&ding some relief to people in obvious tte¢d. our overall aim is to help people move on, as far as possible, to a point where they can Shn themselves in suitable accornmodatiOTh and employment and escape from Ihe traps of povcrty and addiction. W¢ therefore provided one to one support to those experiencing, or likely to expcrience. homelessness in order to help them to 5UPWrt th¢msclv¢& Page 2
EDEN GATE NEWPORT REPORT OF THK TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024- continued OBJECTIVES AND ACTIVITIL8 continued Summary of the m4111 a¢tivities undertsken for the public benefit in relation to these objectives . Our dTOP-in services are a place where those who are PerIenCing hornelessne5s can access local services as w¢ll &8 humaniÉarian supporL We provid¢ hot drinks and toast ond signpost people to relevant services such a5 ILOU5in8 or dTuglalcohol 5UPIK)rt. . Other services such as the NHS, chffiropodists and barbers also atiend some of the dropin sessions to help our guests engage with them. • The'shoulder to Shoulder, initiative enables our guests to voluntarily participate in various projects run to reinforcej teach reading and maths skill4 to learn new skills including art gardenirng And music as well as voluni¢er work plementS. These all improve their health and well being as well as adding skillsets to be able to support themselve5. . In furtherancc ofour education aim& we have visited several lo¢al schools and spent time with the children explaining what Eden Gate does and shoring with them perienCeS of homelessness. Wider InvolMent . Eden Gale ha5 benefitted from tsding from Newport City Council via supp)rt for stsff salarie5 from the 'Supporfing Peopl¢, programm¢. . Work has been ongoing to strengthen IiDks with the Local Council and business or8anisations such as Busines5 in th¢ Con)munity. Wc lry to establish connections with other UK orgaftisations ofsimilar ethos so we can improve our off¢ring to our gu¢sts and Incre Ihc cffrctiven¢ss of our programm. Main *ctivities undtrtAken for the public benefit In all their decisions as to th¢ work of thc charity the Trusteas have complied with th¢ir duty lo hav¢ due regard lo the Charity Commission's publi¢ benefit guidance when exercisit)g arly powtts or duties lo which the guidance is relevanL Volunte¢rJ Ed¢n Oa¢¢ is ¢xtremdy grateful for the huge contribution made by our volunteers without whom wc ssmply could not run our services. We hav¢ welcomed severa] new volunteers over the past year. whi¢h was fant&stic particularly as some volunteers did not return 8fter the Pandemic. We now have ob)ut 40 active volunteers but intend lo continue lo recruit mor¢. ACHIEVEMENTS AND PERFORMANCE We have continued to pursue the objects of th¢ charity. We continue to be seen as a pla¢¢ of s&fety and help for rough sleepers and others perienCing or at risk of hornel¢ssDe5& wiihout the pcrccived barriers which sometimes prevent those affe¢t¢d engaging with thc Council or oiher official bodies. However. our close links wilh those bodies means that we can help lo ensure thal our guests acc¢ss oiher ryi &s required. We have seen real benefits with pcople moving into housing &s a result of the work ofEd¢n G8t¢ or being support£d to remain in housing or find employment or enter reh8bilitation. We have ¢n8a8ed with the business Community who hove been a valuable sour¢e of suppor4 advsce and encouragement. We continue to provide a mean5 whereby volunt¢¢rs and churches can contribule to helping the p>ple experiencing homelessness, or who arc at risk of homele55ness. through our aaivities. The'shoulder to Shoulderf project has expanded our WO by intteLsing training and skills for 8uests, a5 has visiting local schools to educate them about our work. FINANCIAL REVIEW The total ¢L8h fund5 carried forward at the year end were £150,901 (2023: £162.921). This comprised a total of unrestricted funds 01£126,341. (2023. £149.293) and restricted fijnds of£24,560. (2023: £13,628), In 2023124 the direct funding tender from Nemport City Council for the homeless dropin centre and breakf&st runs catnc lo atl end following the Tntee5, decision not to participate in the revised tendering pro$. Th¢ Trustees el¢ctcd to develop the proactive Shoulder to Shoulder rehabilitative progralnmc for guests ond pursue funding opportunities in support of that. However. the Trustees also recognised th&t there were sufficient finan¢ia] rescrve5 in place to underwrite this transition period enabling the Tnle¢S to coniinu¢ to pursue the objects of the Charity. Page 3
EDEN GATE NEWPORT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024- CODtinued FINANCIAL REVIEW continued Durlng this transltlonal revlew period the Trustees are able to report that the Charity's income only dropped by Il% in comparlson with the previous financlal perlod. The Trustees arÉ extremely gratefvl to those organlsatlons who h?ve stepped In to cover the gap. Addltionally. the Charlty applled for a grant under the UK Shared Prosperity Fund and was 5ucce55ful in obtaining funding in excess of £300.000 in 2024 and 2025, Donations from Churches, Indlvlduals and others has been sufficlent to meet our needs for whlch we are extremely grateful and has allowed the Charlty to continue its setvice to our guests. The Charity's principa] sources of funding during ihe last fanCi year have been As follows: 29Q/D given by individuals (2023.. 270/0) 4Q/o given by Churches (2023.. 7Yo) 40YD given by oth¢r donor bodies (2023: 4Yo 60/0 gift aid t&x reclaim (2023: 6V•) 20Yo grants (2023: 550/0) l•/0 other (2023.. lQ/o) Additional Funding declarations for the year ended 3 1st March 2024 Th¢ singl¢ highe.81 value dortation from a corporate donor was £20,000 The singl¢ highest valu¢ donation from an individual £18,086 ¥ No donations w¢re received from related parties or from outside the UK Of our expcndilure. 689h wa5 Spent on slaff costs (2023: 67%) and 15% on and other ¢xp¢nses of our premis¢$ (2023.. 1 10/0). The paid stsff providc Cordination of volunieer& support and mentoring for benefi¢iari¢5J general administration and mana8ement and they contril)ute io ihe developmeni and planning of our s¢rvi¢¢s. Th¢ pr¢mis¢s enabl¢ us to provide drop-in facililics for beneficiarie& Offi fvn¢tion$ and a cenlre from which to operate. Apart from & small petty cash nd, all our fijnds are held at BarclaYs Bank and. from lime w lime. in our P&yPal account. Reserves Policy Our policy is lo keep a rc5crvc of 50% of current annu81 staff costs and rcnL The pury)ose is io ensure that we can meet our obligations io employees and our landlord if disaster strikes. Approved by th¢ Trustees ind signed on their behalf by . Don Redd Chair of T stee5 M•ry Taylor Trustee and 202£ oflc)g.. Lo25 Date D¢ Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEFS OF EDEN GATE NEWPORT We report on the a¢¢ounts for the YUT to 31st March 2024 set out on pa8¢s 6 to 10. Re5pectivo responslbllitles of trustees and exArniner The Charitys Twstees are Tesponsible for the preparation ofthe accounts. Th¢ ChaTiWs TTUStee5 consider that an audit l5 not required for the year under Section 144(2) of the chariti Act 2011, (the 2011 Act), and that an independent examination is needed, li is our responsibility to: - examine th¢ aOuntS under StIOn 145 of th¢ 2011 Act follow the procedures laid down in th¢ general Directions siven by ibe Charity Commission (under Sectio 145(5)(b) of the 2011 Aci and - state whether particular matt¢rs have corne to our oitention. Basls ofindepondent exandner's report Our examination was Caled out in OrdanCe with the General Directions given by the Charity Con)mission. An exarnination includes a review of the accounting records kepl by the ch4rity and a ¢omparison of the 8ccount5 pr¢senled with thos¢ r¢¢ords. li a]so includes consideration of any unusual items or disclosures in the accounts and seeking cxplanation$ from you as trnslee5 conc¢mi08 any such rnallers. The pro¢¢dures undertaken do not provide all the evidence that would be r¢quircd in an audil and consequently no optDion is given as to whether the aecounls present'a mie and fair viev and the report is limited to ihosc matters set out in the statement below. Independent exxminer's statem¢Dt In oonneGtion with our examination, no nutter h88 to our attention: which 8ive$ us ieasonabl¢ ¢aus¢ lo believe that, in any maleri81 rwe¢t, the requirements: lo k¢ep accountin8 records in a¢¢ordanc¢ wilh sectton 130 of the 2011 Act: Ind to prepare accounts whi¢h accord with the accountin8 records and comply with the accounliD8 requirements of the 2011 A¢i' have not been mel: or to which, in OUT opinioo attention should be drnwn in order to en8bl¢ a prop¢r understanding of the accouDts to be reaehed. Guilfoyl Sage LLP, Chartered Ac¢ountMThts, 21 Gold Tops, Newport, South Wales NP20 4PG Page 5
EDEN GATE NEWPORT STATEMENT OF FINANCIAL A1VIT]Es FOR THE YEAR ENDED 315t MARCH 2014 2024 Unrest- ricted Funds 2024 2024 2023 Unrest- rieted Funds 2023 RtriC ted Funds 2023 Restric- ted Funds Totsl Funds Total Funds Notss Ir4COMING RESOURCES Incom¢ from donationg & legacies 73.531 30.398 103.929 66.147 700 66.847 Income from chAritable activities 28.615 28,615 83,451 83.451 Investments- bank iTrtert 1.228 1,228 222 222 TOTAL INCOMING RESOURCES 103,374 30.398 £ 133.772 149.820 700 £ 150.520 RESOURCES EXPENDED Costs of rai5in8 funds 239 239 292 292 NET INCOMING RESOURCES AVAILABLE FOR CHARrrABLE AcfIvITIES 103.135 30.398 £ 133,533 149,528 700 £ 150.228 ChritAble ctivitie5 125,007 19,466 144,473 128.923 1,668 130,591 Other costi 1.080 1,080 1,020 1.020 TOTAL RESOURCES EXPENDED 126.087 19,466 £ 145.553 129,943 1,668 £ 131,611 NET INCOMINGI{OUTGOINC) RESOURCES FOR THE YEAR (22.952) 10,932 (12,020) 19,585 (968) 18.6l7 Tr#n$f¢rs between funds NET MOVEMENT IN FUNDS (22,952) 10,932 (12.020) 19.585 (968) 18,617 Balan¢c brought forward 1st April 2023 149.293 13.628 161921 129,708 14,596 144,304 Balance carri¢d forward 31 March 2024 8 &9 126,341 24,560 £ 150.901 149.293 13,628 £ 162,921 STATEMENT OF ASSETS & LIABILITIESS Assets relained for charity use Barclays Bank current account Barclays Bank deposit account PayPal account Petty cash io 22.634 103207 449 51 24.560 47.194 J03.207 449 51 47.235 101.979 13.628 60.863 101,979 79 79 126,341 24,560 £ 150.901 149,293 13.628 £ 162,921 Paee 6
EDEN GATE NEWPORT r40TES TO THE FINANCIAL STATEMEwfs FOR THE YEAR ENDED 31st MARCH 2024 I. ACCOUNTING POLICIES Accounting convention The financial ststern¢nts have been prepared on a receipts aftd payR)ents blsis vnder the historicgl cost Convention. in accordance with the Charities Aci 2011. th¢ Charities SORP (Statrment of R¢commended Practice) 2019 (FRS 102) and applicable accounting standards. Incoming Ruourees All incoming resources are included on the Ststement of Financial A1VIlieS in the year in which thty are received. Resources pended Expenditure is accounted for on a paym¢nts basis and has been classified under h¢8dings that aggregaic costs related to the cate20ry. Where costs cannot b¢ directly attributed to particular h¢adings they have bc &llocat¢d to activities on a basis consislenl with the use of rcsources. Tangible Fixed Assets Depreciation is provided at the following annual rdte5 in orderto writ¢ off each et over its esumated useful life. Motor Vehicles & trailer IT ¢quipm¢nt - 25Y• on ¢ost - 330A on cos¢ Depreciation is charged at the beginning of the year following year of purchLse or transfer. Profjts and losses on dispos81 of a5scts ar¢ recognised in the Stste)n¢nt of Financial Aclivities in the year ofdisposal. Fund Accounting UnTes¢ri¢ted fvnds ¢an be used in aCrdanCe with the charitable objectives ai the discrction of the Truste¢s. Restricted funds can only be uscd for particu18r rcstricted purposes within the objects ofthe Charity. Restriction5 arise when specified by ihe donor or when funds arc rai5¢d for porticular restricted purposts. 2. INCOME FROM DONATIONS AND LECACIES 2024 Unrest- ri¢ted Funds 2024 Reslri¢- ted Funds 2024 2023 2023 2023 Unrest- ricted Fvnds Restri¢- ted Funds Total Vunds Totsl Fund$ Donations Church organisations Individuals Other orgamisations Gift aid tax reclaimed PayPal account 4.816 25,388 23.686 7.826 11,815 4.816 25.388 54,084 7,826 11,815 9,771 25,714 5.738 9.183 15.741 700 10,471 25.714 5.738 9,183 15.741 30.398 73.531 30.398 £ 103,929 66.147 700 £ 66,847 Page 7
EDEN GATE NEWPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 conL 3. INCOME FROLK CHAIUTABLE AcrivrriES 2024 Unrest- ricted Funds 2024 R¢strie- ted Funds 2024 2023 Unrest- rieted Funds 2023 Restri¢- ted Funds 2023 Total Funds Total Funds Newport City Council Supporting Peoplelother Big Issu¢ Sales Other receipts 27.366 622 627 27,366 622 627 82,398 522 531 82.398 522 531 28,615 28.615 83,451 83.451 4. EXPENDITURE ON CHARITABLE ACTIVITIES 2024 Unrest- ricted Funds 2024 Restric- ted Fundj 2024 2023 Unrest- ritted Funds 2023 2023 Re5tri¢- ted Fund$ Total Funds Total Tr'unds Premises costs GuesL expenses Staff costs (note 7) Equiprnenl expens¢s Motor & irav¢lling expenses Office costs, promotion and sundry 14.912 7,789 87,357 1,589 4,360 9.0 6,883 708 11.583 21.795 .497 98,940 1.589 4,360 9,292 15.191 9.697 88,373 1.585 3,127 10,950 13.191 10.597 88.373 2.330 3,127 10,973 745 292 23 125.007 19,466 £ 144,473 128,923 1.668 £ 130.391 S. EXPENDITURE ON OTHER COSTS 2024 Unr¢st- ricted Funds 2024 R¢stric- ted Funds 2024 2023 Unrest- rlcted Funds 2023 Restri¢- ted Fllnds 2023 Totsl Fund5 Tot81 Funds Indcpendent exniner fees Deprcciation 1,080 1.080 1.020 1.020 1.080 1.080 1.020 1.020 6. TRUSTEE REMUNEILITION AND RELATED PARTY COSTS No Trustee receivcd remuneration in their capacity as 8 trustce. No Trnstee received payment for any costs other than legitimate Teimbursements of expendilure on behalf of the Charity. Pace 8
EDEN GATE NEWPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 conL 7. STAFF COSTS stySts wue as follows.. 2024 Unrest- ricted Funds 2024 2024 2023 2023 2023 Restric- t¢d Funds Unrest- Restri¢- ricted ted Funds Funds Totsl Funds Totsl Funds Wtges. solaries, pension & social SCCUTity costs TTaiftin& unifotms & other costs 85.683 J.674 11.583 97.266 ,674 86,569 1,804 86,569 1.804 87.357 ,583 £ 98,940 88,373 88.373 8. MOVEMENT IN FUNDS Bilanc¢ 4t 1st April 2023 Balance at315t March BIlAnte At 31st March 2023 Oul Tr#nsfer5 2024 Unrestri¢ted Fund$ 149,293 98.424 126.326 121,391 149.293 1023 129.108 149.8x1 130.235 149.295 Re$tri¢ted funds Night Shelter Monmouth Diocese NCC Homelcssness Prevcntion Fund Shoulder lo Shoulder garden project Shoulder lo Shoulder art proje¢1 Roof rcpair TV & food Motor vehicle 300 1.810 11,518 2.006 500 2,832 500 300 1.810 11.518 1,810 11,518 16,566 500 2.832 500 10,000 14,560 10,000 Total Restricted FuDd8 13,628 30,398 19.466 24.560 13.628 2023 Nighi Shelier High Sheriff Monrn0h Dlocese NCC Homelessness Preveniion Fund 300 J.810 11.5J8 1,810 lJ.318 Tot*1 Re41rictd Fundi 2023 J4.596 1.008 13.028 Bilanee a¢ 1st April 2021 B#l4n¢e at31st March 2023 Balance gt3Ast Marth 1023 Out Transfers Total Funds 162.921 128.822 145.792 145.951 162.921 2023 144.304 150.520 131.903 162,921 Page 9
EDEN GATE NEWPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE Y&AR ENDED 31st MARCH 2024 eonL Nature purpose of eich restricted fuMd MDnmi)uth Diocese Fund This is a grant rc¢eived through St Marfs churc Malpas for work with sclK)ol aged children atKI youn8 people. Shrfvulder to Shoulder Fund These are grants and donations given lo develop and sustsin the new progr3mmcs of teachin8 and reinforcing maths and reading skills. providin8 learning Opportuniti to acquire new skills and to sccur¢ volunteer WOTk pleMents. Motor vehicle The new grant for 2024 and 2025 from the UK Shared Prosperity Fund is for both capital and revenue expenditure. Part of the grant will be used to purchlse a m&nibus in order to be Able to transport guests. A grant of £IO.000 hAS been received from Ertteiyrise in advAn¢e of the matn grani becoming available. 9. GENERAL UNRESTRicfED FUND 2024 General Fund 2024 Total Fund 2023 Gen¢rAI Fund 2023 TotAI Fund Unr¢gtricled Funds 121J91 121,391 149,293 149.293 10. TANGIBLE FIXED ASSETS Computer5 Motor Vehkles equipment Total Cost Balance at 1st April 2023 Additions l)isposals 13,162 3,883 17,045 Balance at 31 March 2024 13.162 3.883 17.045 A¢cumul*ted Depretlatlon Balancc At I st April 2023 Charge for year Eliminated on Disposal 13.162 3.883 17.045 Balanc¢ at 31 Marth 2024 13,162 3.883 17.045 Net BofjkVAlue At 31st March 2024 Ai 31st M%trch 2023 Page 10