OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

Homeless Action in Barnet

Trustees Annual Report and Unaudited Financial Statements Year ended 31 March 2023

Charity registation - 1155559

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

Contents

Legal and administrative information 4
Chair’sintroduction 5
Trustees annual report 6
Objects and activities 6
Achievements and performance 7
Plans for Future 10
Structure, governance & management 10
Financial review 11
Statement of Board of Trustees’ responsibilities 12
Independent examiner’s report 13
Statement of financial activities 15
Balancesheet 16
Statement of cash flows 17
Notes to the financial statements 18

Charity number 1155559

3

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

Legal and administrative information

Charity name

Homeless Action in Barnet

Charity registration no.

1155559

Registered office and contact details

36b Woodhouse Road London N12 0RG

Trustees

John Bier ` Stuart Slater Marian Cohen Yeong Min Choy Roque Collante Clare King Anne McCaughley Jane Myers Sameer Pabari Josh Tapper

Chair Deputy Chair Secretary resigned 6 January 2023 resigned 1 August 2022

Chief Executive

Joe Lee

Bank

CAF Bank Limited Kings Hill West Malling Kent ME19 4TA

Lloyds Bank plc 841 High Road North Finchley London N12 8PX

Independent examiner

Chartswood 6b Parkway Porters Wood St Albans Herts AL3 6PA

Charity number 1155559

4

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

Chair’s introduction

Last year we emerged from the worst of the Covid Pandemic but the Covid period has left its mark on the structure and manner of HAB’s work. The Centre continues to operate as a drop in for people experiencing rough sleeping or emergency situations; but more work

is delivered through fixed appointments. Overall numbers of people approaching HAB remain at similar levels – around 700 people approaching HAB for advice and help. Our expanded project work continues – at the Golders Green Project, the Mill Hill House, Somewhere Safe to Stay HUB and the Womens’ House. It means we are now supporting over 50 people in temporary accommodation and assisting people in their move on journey from ‘the street’ to safe accommodation.

Our relationship with partner organisations such as Civitas and Encircle Housing continues successfully; our partnership with TiB Nightshelter is close and positive; and our relationship with Barnet Homes, Barnet - Council, the ICB (Integrated care Board was CCG) and Public Health has become much stronger and productive. I would like to thank all those organisations and individuals who continue to support our work. Some through financial grant or donation – like Barnet Council, BKL Accountancy, Finchley Reform Synagogue; others through steady donations of food and supplies – e.g. Costco, Filipo Berio, Waitrose, Sainsbury’s and others. We are grateful for the support given to our appeals and fundraising events – this last year saw record amounts raised at our Halloween Quiz (nearly £3000) and through our joint Winter Appeal with TiB (topping £5,000). This has all contributed to a healthy budget approaching £500,000. However 45% of our funding is grant and longer term contracts; meaning over half of our income is dependent upon shorter term funding applications, donations and fundraising activity. So community support for our fundraising is vital – thank you!

Significant problems remain and demand for our support is high. The general rise in the cost of living; the increases in rents within a market with insufficient affordable or social housing; and the pressure upon core services (such as Mental Health provision) presents a ‘perfect storm’ of pressure upon many in our Community. There is simply insufficient housing at rents that people can afford – both social and private rented. Our projects rely on funding through the benefits system – excluding those with No Recourse to Public Funds (NRPF) – and this in itself can mean significant challenges in helping people to ‘move on’. However we do not lose hope at HAB and in these bleak times – HAB continues to be a source of hope, help and a pathway to change.

I want to congratulate our staff team and offer my thanks also to Board members and the other dedicated volunteers that help support HAB. I continue to be both humbled by the work people at HAB do and proud to be Chair of such an important Charity.

John Bier (Dec 1, 2023 17:23 GMT)

JOHN BIER CHAIR OF TRUSTEE BOARD

Charity number 1155559

5

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

Trustees annual report

The Board of Trustees submit their annual report and the financial statements of Homeless Action in Barnet (HAB) for the year ended 31 March 2023.

The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, including the Charity Act 2011, as well as the requirements of the Charity’s governing document and the provisions of the ‘Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and other relevant legislation.

Objects and activities

HAB’s Objects

To further such charitable purposes (charitable under the law of England and Wales) as the trustees see fit in particular but not limited to:

The Trustees confirm that they have given due regard to the public benefit guidance published by the Charity Commission in line with section 4 of the Charities Act 2006.

Activities

We opened our doors in 1997. Today we provide support for some of Barnet’s most vulnerable people. Our clients receive a welcome, food and a hot shower along with support to help overcome their issues and ultimately assist them in finding accommodation and their own independence. We also aim to provide a range of workshops to enhance or clients’ skills and self-confidence.

HAB also supports clients to maintain their tenancy through a support plan tailored to the individual’s needs.

Our approach

We are proud of the fact that we are a place of change.

We don’t look at housing in isolation but work with people to achieve the change they have identified they need to make in life. We have support workers targeting three areas:

At HAB we take an asset based approach to our work with clients which focuses on nurturing the skills,

Charity number 1155559

6

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

strengths and resources that the individual has rather than focusing on their problems.

A key area of growth in 2022-23 (in line with our strategic plan) has been the continued expansion and development of partnership working by HAB. Our partnerships with statutory bodies such as London Borough of Barnet, Barnet Homes and Public Health. In addition we have worked even more closely with Together in Barnet – the providers of the night shelter in Barnet.

Vision and mission

Our vision is a society where all people have a safe space to call home and are valued equally whatever their personal circumstances.

Our mission is to work with vulnerable people so that they gain access to housing, health and other services in order to achieve dignity; to make their own effective choices; and to express themselves as fully independent members of society. We are proud of HAB being a place of change – enabling and facilitating practical change for individuals and promoting the needs of people who are homeless or vulnerably housed within our society.

HAB values

• We will maintain a flexible and open-minded approach to the needs of our clients and to the challenges of homelessness.

• We will offer a holistic and dependable service of a high standard and providing high quality levels of support.

• We will offer an environment that is safe, welcoming and non-judgmental. Paid staff and volunteers will be welcoming, reliable, supportive and professional.

• We are committed to providing a service that reflects and meets the diverse needs of our clients, staff and other stakeholders.

Achievements and performance

The year April 2022 to March 2023 we continued to work in a very different way. Mornings are for those who are rough sleeping or sofa surfing when they can get support from staff as well as a shower, food, clean clothes etc. The afternoons are for appointments when clients who may be housed can receive one to one support. We have also continued to support clients remotely.

At any one time the Centre is supporting between 30-40 people who are sleeping rough with an average of 35 rough sleepers visiting the Centre each week. This is up from 27 in the previous year. Staff were also working remotely with clients in temporary accommodation. In total we provided support to over 535 people via the Centre with an average 140 support sessions being delivered each week

Reporting on activities can be Charity number 1155559

7

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

interesting but much more significant is the effect our interventions have on our clients. We measure outcomes in 10 areas and the following chart shows that in each of these areas our clients reported improvement e.g. If you look at the statement ‘I am happy with where I live’ when they first approach HAB the average score was 1.5 but with staff support this increased to almost 4.

Working in partnership with Barnet Homes at the ‘Somewhere Safe to Stay Hub’ where HAB provides two Support Officers to help people move on from the street into accommodation. This has now been open for over a year and funding has been secured for the next 3 years. This year staff have supported 66 people. On average 150 support sessions are provided to clients each month

Working in partnership with Civitas and Encircle HA we provide support to residents in the project in Golders Green. Again, HAB supplies two Support Officers. During the period April 2022 to March 2023 there have been a total of 54 residents. On average 125 support sessions are provided each month.

Our ‘Women’s House continues to provide a steppingstone out of homelessness.

Hendon Christian Housing Association have leased a house to HAB in Mill Hill which now provides a home for six people.

With funding provided by Finchley Reform Synagogue and Streets of London we continue to employ a Support Officer whose role is to support those in the Women’s House, those in the house in Mill Hill and any other client needing help to maintain their tenancy.

How HAB Helps

We say we are a place of change; we have statistics that show our activity and outputs. Behind these figures are real people. Here are some stories and quotes from just two people who have engaged with HAB:

Case Study 1

Jenny has been a client with us at HAB for around the last 10 years.

She has experienced repeated periods of homelessness where she has experienced rough sleeping and has been in and out of temporary accommodation. Mental health and substance misuse previously cooccurring have meant a dual diagnosis for this client. Having been detained under the mental health act in the past and used the services of CGL our local drug and alcohol organisation, this client is used to services.

After spending a long time in her last TA Jenny moved to the one of the projects supported by HAB after eviction and then on to one of our other projects.

While at the first project her cognitions were disorganised, and her speech patterns disordered. High levels of self-neglect meant she was not attending to any self-care routines or practices in a meaningful or regular way. She was often disoriented, and her presentation confused and chaotic by nature.

Despite the obstacles and difficulties, she began to develop the beginnings of an effective working relationship with the 2 full-time support workers on-site. As her trust in the staff grew, she would attend the office for ‘little chats’ in between her key working sessions and started trusting others once again.

During the last eviction process bailiffs had discarded her possessions and loss was a constant theme that often emerged albeit sometimes in a convoluted way.

Jenny had once loved creating embroidered pictures. Once a little more settled she was able to return to this practice and is now on her second piece of work which she can stay up to the small hours to complete. Commissions have even started coming in complete with the ethical discussions around monetising her work.

Estranged from her 3 children this client was solitary, isolated and inappropriate at times but indicated the start of being able to meaningfully reconnect with those around her.

Once at the project where she now lives our client again developed positive working relationships with on-site support workers and security staff. Importantly this developed into reconnection with her oldest daughter. Having not seen her oldest daughter for 5 years or ever met her own grandchildren she began to

Charity number 1155559

8

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

re-establish the relationship first by phone and then a first visit was arranged. Kitted out in her finest HAB 2023 attire Jenny made her way to the National Express Coach station only this morning to make her way to meet her family members for a long awaited reunion “My daughter will give me lots of clothes to come back with. The fancy stuff”. We can’t wait to see the new Jenny upon her return in a few day’s time.

Case Study 2

Abigail (not her real name) found herself homeless in 2021 and came to see us at HAB in early 2023 after two years sleeping in a hidden location in woods in Barnet.

“I still can’t believe I was in a tent for so long; you lose track of time and I kept my situation secret from anyone I met” she said.

Her homelessness had been a secret for so long that Abigail was apprehensive about coming to the Centre. She had coped during the days by volunteering at local charities and returned to her tent at night. The assessment with a HAB Support Worker that first day was emotional but reassuring.

“I didn’t know if I was going to get into trouble given the reasons I ran away from my past life” she said later. “I couldn’t believe there was a way out”.

Abigail had had been living in a town outside London and as manager of a shop she had been secure and independent for years. Her partner at the time exploited and abused her and ran up large debts in her name. Abigail lost her job and her home. Her family offered no support and her problems seemed so great that her only solution was to escape. Abigail travelled to London, took a tube train to the end of the line, found a wood and camped. Her site was so hidden she says that no one found her in the entire two years.

At the first meeting at HAB, a Support Worker reassured her that there were ways of managing her debts and she could safely claim benefits, find accommodation and begin again. Her claim for Universal Credit was started by the DWP advisor who visits HAB and specialises in homelessness. Her HAB Support Worker referred her to a supported housing organisation and Abigail moved into their accommodation within two weeks of the first interview. They were impressed by her positive attitude to taking charge of her life again. She is now in a studio flat in a safe location with a Cooperative support worker providing help with debt management and with rebuilding her confidence and self-esteem.

“It feels a bit like a holiday home! - but with the chance to start afresh” said Abigail.

Abigail’s home for two years before coming to HAB

Community Support

Since HAB was founded, we have been supported by local community groups both through donations and with gifts in kind. This year was no different.

The support from the local community is invaluable and we would not be able to provide the services we do without their help. We also continued to receive support in kind, particularly food donations from:

Charity number 1155559

9

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

HAB has again had a very positive year of fundraising. Our Fundraising Committee organised several events some with our partners Together in Barnet. They also continue to take responsibility for publicity, ensuring people are aware of the various items we need for our clients on a weekly basis.

We also saw an increase in the level of individual and group donations throughout the year.

Plans for Future

In the Autumn of 2020 HAB developed and agreed a 3-year strategy that focused on 3 goals:

Throughout the year we continued to make significant advances in relation to these goals.

In the coming year we are again exploring the possibility of opening more residential properties. We are also continuing to explore provision of supported accommodation for people with higher support needs. This will be along the same lines as Golders Green with HAB being responsible for the support.

Barnet is part of the North Central London Integrated Care System (this has replaced the CCG). They are committed to continue providing healthcare for our clients at the Centre, We are still waiting for the upgrade to the Clinical Room and the introduction of the new Locally Commissioned Service.

Structure, governance & management

Homeless Action in Barnet is a registered charity constituted as a charitable incorporated organisation under its consitution dated 30 January 2014. The charity registration number is 1155559 (England and Wales).

Membership of HAB

HAB has a current membership of 15 full members who were the original subscribers to the Memorandum of Association.

Membership falls into two categories:

Membership is open to individuals and organisations that support the aims and objectives of HAB. Full members have voting rights and are entitled to vote at general meetings and in the appointment of trustees. They can also be appointed as trustees.

Associate members can attend general meetings, but they have no voting rights and cannot be appointed

Charity number 1155559

10

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

as trustees.

Trustees

The trustees of the charity are ultimately responsible for HAB. Trustees are elected by the membership at the Annual General Meeting. They set the strategic direction and objectives of the organisation, agree the budget and are responsible for the overall management of the charity. Trustees meet monthly and minutes of these meetings are made available to all members.

None of the trustees received any remuneration or other financial benefit for their services during the current year. All trustees have confirmed that they do not have, and have not had, any beneficial interest in any contract with the charity.

The HAB Trustee Board is supported by 4 Board Committees. The Governance Committee ensures the Board is effective and compliant. The Finance & Risk Committee is tasked with overseeing a best practice financial management framework. The HR Committee is tasked with overseeing a best-practice HR strategy. The Fundraising and Social Media Committee oversees HAB’s Fundraising activities as well as our presence on Social Media.

Trustee Induction and Training

On their appointment, new Trustees are provided with information, in the form of an induction pack, on their role as a Trustee. Ongoing training is provided as required.

Risk management

The Trustee Board has overall accountability for Risk Management. This includes the process of identifying, assessing and managing risks. The Finance & Risk Committee has specific responsibility for oversight of this Risk Management Policy and The Risk Register. Oversight is conducted by ensuring the attainment of appropriate quality standards by agreeing outcomes with the CEO. The Finance & Risk Committee coordinates with other Committees to ensure other Committees exercise oversight over risks relevant to their remit. The CEO is responsible for managing risk on a day to day basis.

As part of the Trustee Board’s Risk Management Framework, the Board maintains and reviews a Risk Register of the principle risks faced by the Charity. The top risks currently identified include succession planning and key person risk, the financial risk of the sustainability of the Charity’s income streams, and the service delivery risk due to uncoordinated changes in delivery partners’ operations.

Good progress has been made in reducing the magnitude of these risks over the past year. Specific actions taken include the appointment of a deputy chair, the creation of a succession planning working group within the Governance Committee, and the actions taken to reduce IT related key person risks. The Charity has also benefited from an increased commitment to core funding from a key partner which has helpfully rebalanced the sources of income.

Financial review

During the current financial year the Charity achieved a surplus of £42,425 (2022: deficit of £67,342) in the year. This resulted in total reserves increasing in the year to £431,169 (2022: £388,744).

The Trustees are satisfied with the financial performance of the Charity throughout the year.

Of the total reserves held at year end £372,419 (2022: £388,744) were unrestricted as to use, although only £292,419 (2022: £308,744) was available as general funds as a result of designations made by the trustees as outlined in note 11 of the financial statements.

Reserves policy

The Trustees have set a reserves policy that the Charity should hold a minimum unrestricted general reserve equivalent between six and twelve months salary and overhead expenditure - approximately £210,000 to £420,000. The current level of £292,419 is safely within this level.

Charity number 1155559

11

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

Statement of Board of Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations. Charity law requires the Trustees to prepare financial statements for each financial year. Under that law they are required to prepare the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Under charity law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of the excess of income over expenditure for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Charity and to prevent and detect fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the financial and other relevant information included on the Charity’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In addition, the Trustees confirm that they are happy that content of the annual review in pages 3 to 12 of this document meet the requirements of the Trustees’ Annual Report under charity law.

They also confirm that the financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.

This report was approved and authorised for issue by the Board of Trustees on 2 October 2023 and signed on its behalf by:

John Bier (Dec 1, 2023 17:23 GMT)

JOHN BIER CHAIR OF TRUSTEE BOARD

Charity number 1155559

12

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

Independent examiner’s report

I report to the Trustees on my examination of the accounts of Homeless Action in Barnet (charity number 1155559) for the year ended 31 March 2023 which are set out on pages 15 to 28.

Respective responsibilities of trustees and examiner

The charitable incorporated organisation’s (CIO) trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Charities Act). The CIO’s trustees consider that an audit is not required for this year under section 144 of the Charities Act and that an independent examination is needed.

It is my responsibility to:

This report, including my statement, has been prepared for and only for the CIO’s trustees as a body. My work has been undertaken so that I might state to the CIO’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the CIO and the CIO’s trustees as a body for my examination work, for this report, or for the statements I have made.

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the CIO and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

Since the CIO’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 Association of Chartered Certified Accountants (ACCA), 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:

• the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

Charity number 1155559

13

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

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.

T Desai

T Desai (Dec 4, 2023 10:47 GMT)

TUSHAR DESAI (FCCA) DATED: 7 NOVEMBER 2023

6b Parkway Porters Wood St Albans Herts AL3 6PA

Charity number 1155559

14

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

Statement of financial activities

For the year ended 31 March 2023

Notes
Income from:
Donations and legacies
Charitable activities
Investments
Total income
Expenditure on:
Charitable activities
Total expenditure
3
4
5
Net
gains/(losses)
on
8
investments
Net income/(expenditure)
Transfers between fund
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
11 & 12
11 & 12		 Unrestricted
funds
Year ended
31 Mar 2023
£
Restricted
funds
Year ended
31 Mar 2023
£
Total
funds
Year ended
31 Mar 2023
£
Total
funds
Year ended
31 Mar 2022
£
83,813
403,131
707
60,000
-
-
143,813
403,131
707
118,472
282,031
14
487,651
60,000
547,651
400,517
498,412
1,250
499,662
474,463
498,412
1,250
499,662
474,463
(5,564)
-
(5,564)
6,604
(16,325)
-
58,750
-
42,425
-
(67,342)
-
(16,325)
58,750
42,425
(67,342)
388,744
-
388,744
456,086
372,419
58,750
431,169
388,744

The notes on pages 18 to 28 form part of the financial statements.

All the above results arise from continuing activities.

There were no other recognised gains or losses other than those stated above.

Charity number 1155559

15

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

Balance sheet

As at 31 March 2023

Notes
Fixed assets
Tangible assets
Investments
7
8
Current assets
Debtors and prepayments
Cash at bank and in hand
9
Creditors:
Amounts falling due within
one year
Net current assets
Net assets
Funds of the charity
Restricted funds
Unrestricted funds
Designated funds
General funds
Unrestricted funds
Total funds
10
11 & 12
11 & 12
11 & 12		 £
107,732
281,067		 Total
funds
31 Mar 2023
£
1,622
58,646
£
71,676
281,779		 Total
funds
31 Mar 2022
£
2,613
64,380
60,268
370,901		 66,993
321,751
388,799
(17,898)		 353,455
(31,704)
80,000
292,419		 80,000
308,744
431,169 388,744
58,750
372,419		 -
388,744
431,169 388,744

The notes on pages 18 to 28 form part of the financial statements.

These financial statements were approved and authorised for issue by the Board of Trustees on 2 October 2023 and signed on their behalf by:

John Bier (Dec 1, 2023 17:23 GMT)

JOHN BIER

CHAIR OF TRUSTEE BOARD

Charity number 1155559

16

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

Statement of cash flows

For year ended 31 March 2023

Cash flows from operating activities
Net
income/(expenditure)
for period (as per SOFA)
Adjustments for:
Depreciation charges
Investment income received
Net (gains)/losses on investments
(Increase)/decrease
receivable
in
accounts
(Increase)/decrease in accrued income
(Increase)/decrease in prepayments
Increase/(decrease)
payables
in
accounts
Increase/(decrease) in accruals
Increase/(decrease) in payroll liabilities
Net
cash
flows
from
operating activities
Cash flows from investing activities
Investment income received
Purchase of investments
Decrease/(increase) in cash
held in portfolio
Net cash flows from investing
activities
Change in cash and cash equivalents
period
Cash at bank and in hand brought forward
Cash at bank and in hand carried forward
in		 £
991
(707)
5,564
(46,528)
10,248
224
(79)
(12,332)
(1,395)		 Total
funds
31 Mar 2023
£
42,425
(44,014)
£
991
(14)
(6,604)
(56,382)
(2,930)
(5,046)
5,849
13,367
2,686		 Total
funds
31 Mar 2022
£
(67,342)
(48,083)
707
(127)
297		 14
(1,782)
1,782
(1,589)
877		 (115,425)
14
(712)
281,779		 (115,411)
397,190
281,067 281,779

The notes on pages 18 to 28 form part of the financial statements.

Charity number 1155559

17

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

Notes to the financial statements

1. Accounting policies

Basis of preparation of the financial statements

The financial statements have been prepared in accordance with ‘Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), including Update Bulletin 2, and relevant charities law.

The effect of any event relating to the year ended 31 March 2023, which occurred before the date of approval of the financial statements by the Board of Trustees has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 March 2023 and the results for the year ended on that date.

The functional currency of the Charity is sterling and amounts in the financial statements are rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

The financial statements have been prepared on the going concern basis as the Board of Trustees is confident that future reserves and future income is more than sufficient to meet current commitments. There are no material uncertainties that impact this assessment, and the ongoing economic environment has had no material impact on this assessment.

Legal status

Homeless Action in Barnet is a charitable incorporated organisation registered in England & Wales and meets the definition of a public benefit entity. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member. The registered address is 36b Woodhouse Road, London, N12 0RG.

Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds are unrestricted funds which have been designated for a specific purpose by the Trustees. The aim and use of each designated fund is set out in note 11 of the financial statements.

Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in note 11 of the financial statements.

Income

Income is recognised when the Charity has entitlement to the funds, any performance indicators attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable.

Charity number 1155559

18

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

1. Accounting policies (continued from previous page)

Income (continued from previous page)

Grant income is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless the grant relates to a future period, in which case it is deferred.

Income from charitable activities and other trading income, including contract income and housing benefit, is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless it relates to a specific future period or event, in which case it is deferred.

Interest is recorded when it is receivable.

Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at the period end.

Expenditure and irrecoverable VAT

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.

Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated proportionate to total direct costs allocated to each project area, as outlined in note 5 of the financial statements.

Irrecoverable VAT is charged against the category of expenditure for which it was incurred.

Tangible fixed assets and depreciation

All assets costing more than £500 are capitalised unless funded by restricted grants.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their useful life, on the following basis:

Day centre equipment 5 years

Freehold property is not depreciated.

Taxation

As a registered charity income and gains are exempt from Corporation Tax to the extent that they are applied to the charitable objectives.

Cash at bank and in hand

Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values but are not held for investment purposes.

Debtors and prepayments

Trade and other debtors are recognised at the settlement amount after any trade discount is applied. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors and accruals

Creditors are recognised where the Charity 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.

Charity number 1155559

19

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

1. Accounting policies (continued from previous page)

Critical estimates and judgements

In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. The annual depreciation charge for tangible fixed assets is sensitive to changes in useful economic lives and residual values of assets. In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

Investments

Investments are initially measured at their cost and subsequently measured at their fair value at each reporting date, which gives rise to unrealised gains/losses at the end of the financial period which is reflected in the SOFA. Realised gains/losses are calculated as the difference between the sales proceeds and the opening carrying value or the purchase price if acquired during the financial period. Partial disposals are accounted for using the average value. Fair value is based on the quoted price at the balance sheet date without deduction of estimated future selling costs.

Financial instruments

Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.

Pensions

The Charity operates a defined contribution pension scheme which is administered by an external independent pension provider. Contributions are recognised in the Statement of Financial Activities as they fall due.

Charity number 1155559

20

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

2. Comparative statement of financial activities

Notes
Incomefrom:
Donations and legacies
Charitable activities
Investments
Total income
Expenditure on:
Charitable activities
Total expenditure
3
4
5
Net
gains/(losses)
on
8
investments
Net income/(expenditure)
Transfers between fund
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
11 & 12
11 & 12		 Unrestricted
funds
Year ended
31 Mar 2022
£
Restricted
funds
Year ended
31 Mar 2022
£
Total
funds
Year ended
31 Mar 2022
£
118,472
282,031
14
-
-
-
118,472
282,031
14
400,517
-
400,517
420,213
54,250
474,463
420,213
54,250
474,463
6,604
-
6,604
(13,092)
10,473
(54,250)
(10,473)
(67,342)
-
(2,619)
(64,723)
(67,342)
391,363
64,723
456,086
388,744
-
388,744

Charity number 1155559

21

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

3. Income from donations and legacies

Grants
Donations
Legacies
Grants
Donations
Legacies
4.
Income from charitable activities
Contracts
Other support
Housingbenefit
Contracts
Other support
Housingbenefit		 Unrestricted
funds
Year ended
31 Mar 2023
£
250
79,563
4,000
Restricted
funds
Year ended
31 Mar 2023
£
60,000
-
-
Total
funds
Year ended
31 Mar 2023
£
60,250
79,563
4,000
83,813
60,000
143,813
Unrestricted
funds
Year ended
31 Mar 2022
£
11,000
98,417
9,055
Restricted
funds
Year ended
31 Mar 2022
£
-
-
-
Total
funds
Year ended
31 Mar 2022
£
11,000
98,417
9,055
118,472
-
118,472
Unrestricted
funds
Year ended
31 Mar 2023
£
285,109
45,453
72,569
Restricted
funds
Year ended
31 Mar 2023
£
-
-
-
Total
funds
Year ended
31 Mar 2023
£
285,109
45,453
72,569
403,131
-
403,131
Unrestricted
funds
Year ended
31 Mar 2022
£
197,731
42,700
41,600
Restricted
funds
Year ended
31 Mar 2022
£
-
-
-
Total
funds
Year ended
31 Mar 2022
£
197,731
42,700
41,600
282,031
-
282,031

Charity number 1155559

22

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

5. Total expenditure

Salaries
Day centre costs
Move on costs
Management and support costs
Depreciation
Independent examination
Salaries
Day centre costs
Refurbishment of day centre showers
Move on costs
Management and support costs
Depreciation
Independent examination		 Unrestricted
funds
Year ended
31 Mar 2023
£
357,881
15,369
65,937
56,134
991
2,100
Restricted
funds
Year ended
31 Mar 2023
£
-
250
-
1,000
-
-
Total
funds
Year ended
31 Mar 2023
£
357,881
15,619
65,937
57,134
991
2,100
498,412
1,250
499,662
Unrestricted
funds
Year ended
31 Mar 2022
£
307,388
27,699
-
25,204
56,831
991
2,100
Restricted
funds
Year ended
31 Mar 2022
£
-
-
54,250
-
-
-
-
Total
funds
Year ended
31 Mar 2022
£
307,388
27,699
54,250
25,204
56,831
991
2,100
420,213
54,250
474,463

An analysis of staff costs can be found in note 6.

Charity number 1155559

23

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

  1. Staff costs
Gross salaries
Employers NIC
Employers pension		 Total
funds
Year ended
31 Mar 2023
£
329,699
23,745
4,437
Total
funds
Year ended
31 Mar 2022
£
286,416
18,484
2,488
357,881
307,388

The average headcount during the period was 16 persons (2022: 14 persons).

No employees received employee benefits of above £60,000 (2021: Nil).

The total employee benefits paid to key management personnel during the year was £42,609 (2022: £40,136). 7. Tangible fixed assets

Cost
As at 1 April 2022
As at 31 March 2023
Accumulated depreciation
As at1April 2022
Charge in year
As at 31 March 2023
Net book value
As at 1 April 2022
As at 31 March 2023		 Day centre
equipment
£
Total
funds
£
4,954
4,954
4,954
4,954
2,341
991
2,341
991
3,332
3,332
2,613
2,613
1,622
1,622

Charity number 1155559

24

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

  1. Fixed asset investments
Market value brought forward
Additions at cost
Net gains/(losses) in period
Market value carried forward
Cash held as part of the investment portfolio
Total market value of investment portfolio carried forward
Analysis of market value of investments by investment type:
UK equities and funds
Cash and cash equivalents
9.
Debtors and prepayments
Accounts receivable
Accrued income
Prepayments
10.
Creditors: amounts falling due within one year		 Total
funds
31 Mar 2023
£
63,941
127
(5,564)
Total
funds
31 Mar 2022
£
55,555
1,782
6,604
58,504
142
63,941
439
58,646
64,380
Total
funds
31 Mar 2023
£
58,504
142
Total
funds
31 Mar 2022
£
63,941
439
58,646
64,380
Total
funds
31 Mar 2023
£
102,910
-
4,822
Total
funds
31 Mar 2022
£
56,382
10,248
5,046
107,732
71,676
Accounts payable
Accruals
HMRC payable
Pension payable
Other payroll liabilities		 Total
funds
31 Mar 2023
£
5,770
5,789
5,462
877
-
Total
funds
31 Mar 2022
£
5,849
18,121
6,772
697
265
17,898
31,704

Charity number 1155559

25

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

11. Analysis of charity funds

Unrestricted funds
Designatedfunds
Redundancy
fund
Repairs
Total designated
funds
Generalfunds
Total
unrestricted
funds
Restricted funds
Barnet
Community
Fund
Community
Innovation
Fund
Streets
London
of
Total
funds
restricted		 Balance
brought
forward
Year ended
31 Mar 2023
£
Income
in
year
Year ended
31 Mar 2023
£
Expenditure
in
year
Year ended
31 Mar 2023
£
Net gains/
(losses) on
investments
Year ended
31 Mar 2023
£
Transfers
between
funds
Year ended
31 Mar 2023
£
Balance
carried
forward
Year ended
31 Mar 2023
£
20,000
-
-
-
-
20,000
60,000
-
-
-
-
60,000

80,000
-
-
-
-
80,000
308,744
487,651
(498,412)
(5,564)
-
292,419
388,744
487,651
(498,412)
(5,564)
-
372,419
-
9,000
(1,250)
-
-
7,750
-
36,000
-
-
-
36,000
-
15,000
-
-
-
15,000
-
60,000
(1,250)
-
-
58,750
388,744
547,651
(499,662)
(5,564)
-
431,169

Redundancy fund

These funds have been set aside by the trustees to meet any redundancy liabilities should the charity face closure.

Repairs fund

These funds have been set aside by the trustees to meet any ongoing repairs to the building.

Barnet Community Fund

These were funds received to provide direct support to clients.

Community Innovation Fund & Streets of London

These were funds received to support specific roles within the organisation.

Charity number 1155559

26

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

11. Analysis of charity funds (continued from previous page)

Unrestrictedfunds
Designatedfunds
Redundancy
fund
Repairs
Total designated
funds
Generalfunds
Total unrestricted
funds
Restricted funds
Building
improvements
Total restricted
funds		 Balance
brought
forward
Year ended
31 Mar 2022
£
Income
in
year
Year ended
31 Mar 2022
£
Expenditure
in
year
Year ended
31 Mar 2022
£
Net gains/
(losses) on
investments
Year ended
31 Mar 2022
£
Transfers
between
funds
Year ended
31 Mar 2022
£
Balance
carried
forward
Year ended
31 Mar 2022
£
20,000
-
-
-
-
20,000
60,000
-
-
-
-
60,000

80,000
-
-
-
-
80,000
311,363
400,517
(420,213)
6,604
10,473
308,744
391,363
400,517
(420,213)
6,604
10,473
388,744
64,723
-
(54,250)
-
(10,473)
-
64,723
-
(54,250)
-
(10,473)
-
456,086
400,517
(474,463)
6,604
-
388,744

Building improvements fund

These were funds received from the Mayor’s Appeal 2018/19 for improvements to the building. These funds were spent on the refurbishment of the shower blocks during the year, and the balance was agreed to be used for general charitable purposes.

Charity number 1155559

27

Homeless Action in Barnet Annual report and financial statements

Year ended 31 March 2023

12. Analysis of net assets

Fixed assets
Current assets
Current liabilities
Fixed assets
Current assets
Currentliabilities		 Unrestricted
funds
Year ended
31 Mar 2023
£
60,268
330,049
(17,898)
Restricted
funds
Year ended
31 Mar 2023
£
-
58,750
-
Total
funds
Year ended
31 Mar 2023
£
60,268
388,799
(17,898)
372,419
58,750
431,169
Unrestricted
funds
Year ended
31 Mar 2022
£
66,993
353,455
(31,704)
Restricted
funds
Year ended
31 Mar 2022
£
-
-
-
Total
funds
Year ended
31 Mar 2022
£
66,993
353,455
(31,704)
388,744
-
388,744

13. Analysis of net debt

Cash and cash equivalents
Cash at bank
Cash and cash equivalents
Cash at bank		 As at
1 Apr 2022
£
Cash
flows
£
Other
movements
£
As at
31 Mar 2023
£
353,455
(72,388)
-
281,067
353,455
(72,388)
-
281,067
As at
1 Apr 2021
£
Cash
flows
£
Other
movements
£
As at
31 Mar 2022
£
397,190
(115,411)
-
281,779
379,190
(115,411)
-
281,779

14. Trustee remuneration

During the year, no trustee received any remuneration (2022: £Nil). No members of the Board of Trustees received reimbursement of expenses (2022: £Nil).

15. Related party transactions

During the year there were no related party transactions (2022: £Nil).

Charity number 1155559

28

HOMELESS ACTION IN BARNET