Charity registration number: 1156211
Wycombe Homeless Connection
Trustees' Annual Report and Accounts Year Ended 30th April 2024
Wycombe Homeless Connection
Year Ended 30th April 2024
Contents Page
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Trustees' Annual Report | 2 |
| Independent Examination Report | 7 |
| Statement of Financial Activities | 8 |
| Statement of Financial Position | 9 |
| Statement of Cash Flows | 10 |
| Notes to the Financial Statements | 11 |
Wycombe Homeless Connection
Year Ended 30th April 2024
Legal and Administrative Information
Reference
The Wycombe Homeless Connection is a registered Charity in England and Wales as a Charitable Incorporated Organisation (CIO) on 17 March 2014. Prior to conversion to a CIO the organisation formed as a registered charity in 2009. The primary priority of the organisation is to provide a caring, hope-filled response to those whose lives were at risk because of homelessness.
Registered Charity Numbers
1156211
Registered Office
Oakley Hall 8 Castle Street High Wycombe Buckinghamshire HP13 6RF
Website
www.wyhoc.org.uk
Trustees
Sheena Dykes Resigned 14/09/2023
Kathryn Rogers Appointed 13/01/2022
Richard Alexander Appointed 14/05/2020
Dawn Segrue Appointed 12/01/2017
Muriel Reynolds Resigned 16/01/2025
David Winder Appointed 03/03/2014
Mark Dykes Appointed 03/03/2014
David Sparks Appointed 03/03/2014
Jane Spoerry Appointed 14/09/2023
Nia Sherrington Appointed 14/09/2023
Chief Executive Officer
Primary Bankers
James Boultbee CAF Bank 25 Kings Hill Avenue Kings Hill Kent ME19 4JQ
Independent Examiner
Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds LS25 1AF
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Wycombe Homeless Connection
Year Ended 30th April 2024
Trustees’ Annual Report
Trustees' responsibilities statement
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Structure, Governance and Management
The charity is a Charitable Incorporated Organisation CIO, with Trustees appointed by trustees, and its governance is set out in its constitution.
Appointment to the board of trustees is normally for a three-year period, made by trustees.
The trustees meet monthly (except in August) for formal meetings. Where necessary, decisions may be taken between meetings following verbal or email discussions.
Trustee training begins from the initial application, where the candidate is provided with a document detailing the duties and responsibilities of a trustee of the charity and the Chair of Trustees checks their suitability as a trustee. This is followed by a visit to a Trustee Meeting as an Observer, and a discussion between the candidate and one or more existing trustees to clarify issues and answer questions. Following appointment, the trustees are updated with changes to charity law or other legislation which specifically influences the charity. In this, guidance is taken from the Charity Commission, HMRC, etc.
The pay and remuneration of the charity’s paid staff is set according to the organisation’s pay policy. Pay rises are not automatic but at the discretion of trustees. Normally pay rates will be reviewed annually in January and increased by the percentage given in the annual earnings index for regular pay in the public sector published by the Office for National Statistics (ONS) and based on the index for November. Other pay rises are based on development in the role and are normally awarded in May. These are called developmental pay rises. This mechanism will move employees through their pay band as they gain experience.
Public Benefit Disclosure
Details of activities undertaken to further the charity’s purposes for the public benefit are given in ‘Objectives and Activities’ and ‘Achievements and Performance’ below.
The Trustees have read and continue to consider Charity Commission guidance relating to Public Benefit. Having regard to the Charity Commission’s public benefit guidance, the trustees led the charity to pursue these objects principally by continuing to provide housing advice and support and emergency accommodation, but also by evolving services, developing new services and increasing effectiveness to provide further public benefit.
Objectives and Activities Objectives
The charitable objects of Wycombe Homeless Connection (WHC) are:
The relief of poverty by the provision of emergency and other accommodation, advice and assistance for persons in need who are deemed homeless and require such accommodation, advice, or assistance.
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Wycombe Homeless Connection
Year Ended 30th April 2024
Trustees’ Annual Report
Main Activities
The main activities of the Trustees are to give overall oversight to the work of the charity. This includes the services which the charity provides to prevent homelessness, to reduce harm for people who are homeless, helping to house people who are homeless and defending the rights of people who are homeless or facing homelessness. The trustees also have oversight of the work to fundraise for the charity and to market the charity in order to raise support for its work and the financial management and regulatory compliance of the charity.
Strategies to Achieve the Above Objectives
The main strategies to achieve current objectives are:
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Preventing homelessness before it starts
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Reducing harm for people who are homeless
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Helping house people who are homeless
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Defending the rights of people who are homeless or facing homelessness
Success in the above strategies is indicated by monitoring data which confirms the main outputs and outcomes within each of these strategies. These are reported to the trustees by the CEO of the charity along with reports which show the context for this data.
Grant-making
The charity does not make grants to other Charities.
Volunteers
The charity benefits greatly from the voluntary contributions of time from a number of committed volunteers. This includes administration volunteers, fundraising volunteers, Support Centre volunteers as well as others. To all of them, the Trustees express their thanks.
Social Investment
The charity does not make financial social investments.
Achievements and Performance
The charity’s principal aim is to make homelessness rare, brief and non-recurring in the south of Buckinghamshire and to mitigate against the harm that it causes.
Making homelessness rare – The charity seeks to assist those people who are at risk of becoming homeless. It offers free access to legal advice on rights, responsibilities and options, assistance with budgeting, a service of negotiating with accommodation providers, income maximisation, support in securing financial assistance in the form of small grants and some direct financial assistance. All of this is aimed at preventing evictions into homelessness either through allowing a household to remain in their home or assisting them to move to an alternative home before they become homeless. In 2023-24 the charity prevented 40 households who were actively threatened with homelessness from losing their homes.
Making homelessness brief – The charity seeks to assist those people who are homeless to help them to access suitable housing. This can include access to the private rented sector, access to social housing or access to supported accommodation. Support can include advice on options, making referrals for supported accommodation, making referrals to other organisations who can assist, direct financial assistance, IT support and negotiating with accommodation providers. In 2023-24 the charity helped 54 homeless people move into accommodation.
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Wycombe Homeless Connection
Year Ended 30th April 2024
Trustees’ Annual Report
Ensuring homelessness is non-recurring – The charity seeks to ensure that those people who have experienced homelessness or the threat of homelessness do not find themselves in the same position again. Work towards this includes income maximisation, referrals to other organisations providing assistance with money management, substance misuse and mental health.
Mitigating against the harm that homelessness causes – The charity seeks to ensure that the many harms associated with homelessness are mitigated against as far as possible. This includes the provision of emergency food, clothing and bedding, the provision of emergency shelter where appropriate, health care navigation and direct financial assistance.
Fundraising
The organisation raises funds to cover the cost of activities related to providing its services and running the charity. This is done through raising funds directly from individuals within the community, from businesses, from community groups, from fundraising events and activities organised by supporters, from fundraising events organised by the organisation itself and by applying for grants.
Financial Review Position at Year-end
A Statement of Financial Position is attached to this report. The CIO ended the year with tangible fixed assets of £6,153 and current assets of £489,328. Creditors falling due within one year are £5,881. The net assets are £489,600.
Principal Use of Funds
Most of the expenditure is Staff costs.
Principal Sources of Funding
The charity’s income is primarily donations from individuals, churches, corporations, and grants.
Investments
The charity does not hold investments but does hold an interest-bearing Shawbrook Bank and CAF Bank accounts for the keeping of reserves and designated funds.
Key Risks and Uncertainties Disclosure Charitable activities
While charities continue to face an uncertain future, with giving expected to decline, the charity benefits from having income spread across different sources, including grants and donations from the public or corporates. This allows the charity to spread risk and support its sustainability while continuing to review and re-model its streams of income and balancing this with reduction in discretionary spending.
Plans for Future Periods
The major plans for the year 2024 to 2025 include:
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Bringing back our winter Night Shelter running in 7 local churches.
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Develop a new 5 year strategy.
-
Continue making a quantifiable impact on homelessness in Buckinghamshire.
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Wycombe Homeless Connection
Year Ended 30th April 2024
Trustees’ Annual Report
Pension
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.
Reserves
The reserves policy is to maintain a balance of between 3 and 6 months operating expenditure plus sufficient funds to meet redundancy and other legal liabilities in the event of a forced closure.
Reserve Fund
A separate reserve fund has been maintained at £150,000 to cover any redundancy or legal commitments, and we aim to maintain a minimum balance of at least £300,000 in total, including the reserve fund. The reserve fund is reviewed annually as part of the budgeting process although the adequacy of the reserve fund is monitored more frequently. The total funds held at the yearend were £489,600 of which £150,000 was held as the designated reserve fund and £339,600 as unrestricted funds.
Going Concern
The trustees consider that there are no material uncertainties which could influence the ability of the Wycombe Homeless Connection to continue as a going concern.
Events after the end of the reporting period
There are no events after the reporting date to report.
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Wycombe Homeless Connection
Year Ended 30th April 2024
Notes to the Financial Statements
12 Analysis of Net Assets Between Funds
Statement of Trustee’ responsibilities
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently,
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observe the methods and principles in the applicable Charities SORP,
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make judgments and accounting estimates that are reasonable and prudent,
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' annual report was approved on by:
Kate Rogers (Chair) Trustee
and signed on behalf of the board of trustees David Sparks (Treasurer) Trustee
Date: 27/02/2025 Date: 27/02/2025
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Wycombe Homeless Connection
Year Ended 30th April 2024
Independent Examiners Report
I report to the trustees on my examination of the financial statements of Wycombe Homeless Connection ('the charity') for the year ended 30 April 2024.
Responsibilities and Basis of Report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements 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.
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.
Nigel Wyatt BSC FCA Date: 27/02/2025 Independent Examiner 125 Main Street Garforth Leeds LS25 1AF
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Wycombe Homeless Connection
Year Ended 30th April 2024
Statement of Financial Activities
| Statement of Financial Activities | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| Note | £ | £ | £ | £ | |
| Income | |||||
| Donations and legacies | 326,697 | 170,747 | 497,444 | 475,995 | |
| Charitable activities | - | - | - | 14,952 | |
| Other trading activities | 34,473 | - | 34,473 | 25,426 | |
| Other income | 35,602 | - | 35,602 | 25,667 | |
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| Total Income | 2 | 396,772 | 170,747 | 567,519 | 542,040 |
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| Expenditure | |||||
| Raising funds | 3 | 4,264 | - | 4,264 | 2,499 |
| Charitable activities | 4 | 428,158 | 141,911 | 570,069 | 577,920 |
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| Total Expenditure | 432,422 | 141,911 | 574,333 | 580,419 | |
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| Net Income / (Expenditure) | (35,650) | 28,836 | (6,814) | (38,379) | |
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| Net Income and Net Movement In Funds | |||||
| Total funds brought forward | 11 | 496,414 | - | 496,414 | 534,793 |
| Transfers | 11 | - | - | - | - |
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| Total Funds Carried Forward | 11 | 460,764 | 28,836 | 489,600 | 496,414 |
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All income and expenditure derive from continuing activities.
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Wycombe Homeless Connection
Year Ended 30th April 2024
Statement of Financial Position
| Statement of Financial Position | |||
|---|---|---|---|
| 2024 | 2023 | ||
| Note | £ | £ | |
| Fixed Assets | |||
| Tangible fixed assets | 8 | 6,153 | 8,204 |
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| 6,153 | 8,204 | ||
| Current Assets | |||
| Debtors | 9 | 10,617 | 9,749 |
| Short term investments | 150,000 | 150,000 | |
| Cash at bank and in hand | 328,711 | 335,383 | |
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| 489,328 | 495,132 | ||
| Creditors: Amounts Falling Due Within One Year | 10 | 5,881 | 6,922 |
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| Net Current Assets | 483,447 | 488,210 | |
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| Total Assets Less Current Liabilities | 489,600 | 496,414 | |
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| Net Assets | 12 | 489,600 | 496,414 |
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| Funds of The Charity | |||
| Restricted funds | 11 | 28,836 | - |
| Unrestricted funds | 11 | ||
| Unrestricted general | 310,764 | 346,414 | |
| Designated funds | 150,000 | 150,000 | |
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| 460,764 | 496,414 | ||
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| Total Charity Funds | 489,600 | 496,414 | |
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Trustees Responsibilities
These financial statements were approved by the board of trustees and authorised for issue :
K Rogers Name of Trustee: ─────────────────────────────────────────────────── Signed on behalf of the Trustees: ─────────────────────────────────────────────────── Date of approval:
27/02/2025
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9
Wycombe Homeless Connection
Year Ended 30th April 2024
Statement of Cash Flows
| Statement of Cash Flows | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Cash Flows From Operating Activities: | ||
| Net cash provided by (used in) operating activities | (13,891) | (110,780) |
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| (13,891) | (110,780) | |
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| Cash Flows From Investing Activities: | ||
| Dividends and interest | 7,219 | 2,983 |
| Purchase of tangible fixed assets | - | (10,255) |
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| Net cash provided by (used in) investing activities | 7,219 | (7,272) |
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| Change in cash and cash equivalents in the reporting period | (6,672) | (118,052) |
| Cash and cash equivalents at the beginning of the reporting period | 485,383 | 603,435 |
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| Cash and Cash Equivalents At The End of The Reporting Period | 478,711 | 485,383 |
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| Reconciliation of Net Movement in Funds to Net Cash Flow From Operating Activities | ||
| 2024 | 2023 | |
| £ | £ | |
| Net movement in funds for the reporting period (as per the statement of financial activities) |
(6,814) | (30,245) |
| Adjustments for: | ||
| Depreciation charges | 2,051 | 2,051 |
| Dividends and interest from investments | (7,219) | (2,983) |
| (Increase) / decrease in debtors | (868) | (17,883) |
| Increase / (decrease) in creditors | (1,041) | (61,720) |
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| Net cash provided by (used in) operating activities | (13,891) | (110,780) |
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|
| Analysis of Cash and Cash Equivalents | ||
| 2024 | 2023 | |
| £ | £ | |
| Cash at bank | 328,711 | 335,383 |
| Short term investments | 150,000 | 150,000 |
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| Total cash and cash equivalents | 478,711 | 485,383 |
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Wycombe Homeless Connection
Year Ended 30th April 2024
Notes to the Financial Statements
1 Accounting Policies
1.1 Basis of Preparation
The financial statements of the charitable company have been prepared under the historical cost convention and in accordance with the 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) (effective from 1 January 2019) and United Kingdom Generally Accepted Accounting Practice applicable to smaller entities.
The financial accounts are prepared in Sterling (£) which is the functional currency of the charitable company.
Wycombe Homeless Connection meets the definition of a public benefit entity under FRS 102.
1.2 Assessment of Going Concern
The Trustees of the charitable company are satisfied that there are no material uncertainties about the charity’s ability to continue as a going concern at least for a period of 12 months from the date of approval of these financial statements. Accordingly, the financial statements are prepared on a going concern basis.
1.3 Fund Accounting
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal.
Further explanation of the nature and purpose of each fund is included in Note 11 of the financial statements.
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Wycombe Homeless Connection
Year Ended 30th April 2024
Notes to the Financial Statements
1.4 Incoming Resources
All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
• All voluntary income is recognised as donations which are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.
• Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
• Income from charitable activities is accounted for when invoices are drawn up and the service has been provided (as the point of entitlement).
• Donated services and facilities are included at the value to the charity where this can be quantified.
• Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
• Time is expended on the charity’s activities and governance which is donated free of charge. It is impractical to quantify the value of the time given, and accordingly it is neither recorded as donated income nor as an expense in the financial statements.
• Investment Income is included in the accounts when receivable.
1.5 Resources Expended
Charitable activities - The costs of charitable activities represent the expenses incurred in fulfilling the charity's objectives, including direct costs for providing services and support costs. All expenses are recorded on an accrual basis. Liabilities are recognized as expenses when there is a legal or constructive obligation for the charity to incur them, it is likely that economic benefits will be transferred for settlement, and the amount of the obligation can be reliably measured. Value added tax is not recoverable by the charitable organization and is therefore included in the relevant costs in the Statement of Financial Activities.
Costs of raising funds include expenditure on promotion and advertising plus any fundraising trading costs.
1.6 Governance Costs
These Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.
1.7 Liabilities Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
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Wycombe Homeless Connection
Year Ended 30th April 2024
Notes to the Financial Statements
1.8 Tangible Fixed Assets
All assets costing more than £700 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. Depreciation is charged on fixed assets which is written off on a straight-line basis over time estimated useful live of the asset.
Equipment, fixtures and fittings 20% Straight line
Equipment, fixtures and fittings are reviewed for impairment if events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared against its carrying amount. Where the estimated recoverable amount is lower, an impairment loss is recognised immediately in the Statement of Financial Activities.
1.9 Pensions
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
1.10 Operating Leases
Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.
1.11 Taxation
The charity is exempt from taxation in respect of income or capital gains received to the extent that such income or gains are applied exclusively for charitable purposes. The charity is not exempt from Value Added Tax.
1.12 Volunteer Assistance
Time is expended on the charity’s activities and governance which is donated free of charge. It is impractical to quantify the value of the time given, and accordingly it is neither recorded as donated income nor as an expense in the financial statements.
1.13 Critical accounting estimates and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.
There are no critical judgements, significant assumptions concerning the future and key sources of estimation of uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
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Wycombe Homeless Connection
Year Ended 30th April 2024
Notes to the Financial Statements
| **2 ** | Analysis of Income | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Donations and Legacies | ||||
| Individual donations | 180,180 | - | 180,180 | |
| Corporate donations | 25,759 | - | 25,759 | |
| Church collections & donations | 34,890 | - | 34,890 | |
| Gift aid | 10,945 | - | 10,945 | |
| Grants | 40,593 | 170,747 | 211,340 | |
| Community fundraising | 34,330 | - | 34,330 | |
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| 326,697 | 170,747 | 497,444 | ||
| Charitable Activities | ||||
| Homeless health fund | - | - | - | |
| Housing benefit | - | - | - | |
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| - | - | - | ||
| Other Trading Activities | ||||
| Fundraising events | 34,473 | - | 34,473 | |
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| 34,473 | - | 34,473 | ||
| Other Income | ||||
| Other income | 4,507 | - | 4,507 | |
| Secondment income | 23,876 | - | 23,876 | |
| Bank Interest | 7,219 | - | 7,219 | |
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| 35,602 | - | 35,602 | ||
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| Total Income | 396,772 | 170,747 | 567,519 | |
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Wycombe Homeless Connection
Year Ended 30th April 2024
Notes to the Financial Statements
| **2 ** | Analysis of Income(Continued) | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Donations and Legacies | ||||
| Individual donations | 158,461 | - | 158,461 | |
| Corporate donations | 29,667 | - | 29,667 | |
| Church collections & donations | 29,530 | - | 29,530 | |
| Gift aid | 36,763 | - | 36,763 | |
| Grants | 162,570 | 15,000 | 177,570 | |
| Community fundraising | 44,004 | - | 44,004 | |
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| 460,995 | 15,000 | 475,995 | ||
| Charitable Activities | ||||
| Homeless health fund | 1,150 | - | 1,150 | |
| Housing benefit | 13,802 | - | 13,802 | |
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| 14,952 | - | 14,952 | ||
| Other Trading Activities | ||||
| Fundraising events | 25,426 | - | 25,426 | |
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| 25,426 | - | 25,426 | ||
| Other Income | ||||
| Other income | 2,767 | - | 2,767 | |
| Secondment income | 19,917 | - | 19,917 | |
| Bank Interest | 2,983 | - | 2,983 | |
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| 25,667 | - | 25,667 | ||
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| Total Income | 527,040 | 15,000 | 542,040 | |
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Wycombe Homeless Connection
Year Ended 30th April 2024
Notes to the Financial Statements
3 Cost of fundraising
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Expenditure on raising funds | 4,264 | - | 4,264 |
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| 4,264 | - | 4,264 | |
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|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Expenditure on raising funds | 2,499 | - | 2,499 |
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| 2,499 | - | 2,499 | |
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| Expenditure on charitable activities | |||
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Accommodation | 3,267 | 1,200 | 4,467 |
| Bank Charges | 255 | - | 255 |
| Communications & marketing | 3,073 | - | 3,073 |
| Depreciation | 2,051 | - | 2,051 |
| Homeless health fund | - | - | - |
| Housing benefit | 1,869 | - | 1,869 |
| Insurance | 2,679 | - | 2,679 |
| IT systems | 13,337 | - | 13,337 |
| Legal Fees | 9,600 | - | 9,600 |
| Office expenses | 28,847 | 1,817 | 30,664 |
| Personalisation | 220 | 2,250 | 2,470 |
| Recruitment | 2,253 | - | 2,253 |
| Service support | 3,058 | - | 3,058 |
| Staff costs | 292,088 | 136,644 | 428,732 |
| Employers pension & NI & payroll | 51,042 | - | 51,042 |
| Telephones | 6,879 | - | 6,879 |
| Training | 6,597 | - | 6,597 |
| Travel | 1,043 | - | 1,043 |
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| 428,158 | 141,911 | 570,069 | |
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4 Expenditure on charitable activities
16
Wycombe Homeless Connection
Year Ended 30th April 2024
Notes to the Financial Statements
4 Expenditure on charitable activities (Continued)
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Accommodation | 68,564 | - | 68,564 |
| Bank Charges | 298 | - | 298 |
| Communications & marketing | 9,509 | - | 9,509 |
| Depreciation | 2,051 | - | 2,051 |
| Homeless health fund | 2,562 | - | 2,562 |
| Housing benefit | 1,570 | - | 1,570 |
| Insurance | 2,093 | - | 2,093 |
| IT systems | 15,263 | - | 15,263 |
| Legal Fees | 10,572 | - | 10,572 |
| Office expenses | 29,127 | - | 29,127 |
| Personalisation | 4,889 | - | 4,889 |
| Recruitment | 12,128 | - | 12,128 |
| Service support | 5,278 | - | 5,278 |
| Staff costs | 338,870 | 15,000 | 353,870 |
| Employers pension & NI & payroll | 39,298 | - | 39,298 |
| Telephones | 5,905 | - | 5,905 |
| Training | 13,252 | - | 13,252 |
| Travel | 1,691 | - | 1,691 |
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|
| 562,920 | 15,000 | 577,920 | |
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|
| Independent Examiner Fees | |||
| Fees payable to the independent examiner for: | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Independent examination and accounts preparation | 3,000 | 3,000 |
5 Independent Examiner Fees
17
Wycombe Homeless Connection
Year Ended 30th April 2024
Notes to the Financial Statements
6 Staff Costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 428,732 | 353,870 |
| Social security costs | 41,450 | 31,097 |
| Employer contributions to pension plans | 9,592 | 7,757 |
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|
| 479,774 | 393,168 | |
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The average headcount of employees during the year was as follows:
| 2024 | 2023 | |
|---|---|---|
| Average headcount | ||
| Direct charitable activities | 11 | 8 |
| Management and administration | 3 | 3 |
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|
| 14 | 11 | |
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The number of employees who received employee benefits of more than £60,000 during the year was as follows:
More than £60,000
2024 2023 - -
Key Management Personnel
The trustees, CEO, services manager, business and finance manager and fundraising and marketing manager are considered to be key management personnel for the purposes of the Charities SORP FRS102. The remuneration of the key management personnel for the year including employers national insurance and employers pension contributions was £207,127 (2023: £153,148).
7 Trustee Remuneration, Expenses and Donations
The trustees received no remuneration in the year (2023: £Nil).
During the year the total aggregated donations made to the charity by the trustees £480 (2023: £540).
18
Wycombe Homeless Connection
Year Ended 30th April 2024
Notes to the Financial Statements
| **8 ** | Tangible Fixed Assets | ||
|---|---|---|---|
| Equipment, | |||
| fixtures and | |||
| fittings | Total | ||
| £ | £ | ||
| Cost | |||
| At 1st May 2023 | 10,255 | 10,255 | |
| Additions | - | - | |
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||
| At 30th April 2024 | 10,255 | 10,255 | |
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||
| Depreciation | |||
| At 1st May 2023 | 2,051 | 2,051 | |
| Depreciation Charge | 2,051 | 2,051 | |
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||
| At 30th April 2024 | 4,102 | 4,102 | |
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||
| Net Book Value | |||
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||
| At 30th April 2024 | 6,153 | 6,153 | |
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||
| At 30th April 2023 | 8,204 | 8,204 | |
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||
| **9 ** | Debtors | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Trade debtors | 300 | - | |
| Prepayments and accrued income | 10,317 | 9,749 | |
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||
| 10,617 | 9,749 | ||
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||
| **10 ** | Creditors: Amounts Falling Due Within One Year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors | 2,535 | 3,922 | |
| Accruals | 3,000 | 3,000 | |
| Other creditors | 346 | - | |
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||
| 5,881 | 6,922 | ||
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19
Wycombe Homeless Connection
Year Ended 30th April 2024
Notes to the Financial Statements
11 Analysis of Charitable Funds
| 1 May 2023 | Income | Expenditure | Transfers 30 Apr 2024 | Transfers 30 Apr 2024 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Unrestricted Funds | |||||
| Unrestricted | |||||
| General funds | 346,414 | 396,772 | (432,422) | - | 310,764 |
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|
| 346,414 | 396,772 | (432,422) | - | 310,764 | |
| Designated | |||||
| Reserve fund | 150,000 | - | - | - | 150,000 |
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|
| 150,000 | - | - | - | 150,000 | |
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|
| Total Unrestricted | 496,414 | 396,772 | (432,422) | - | 460,764 |
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|
| Restricted Funds | |||||
| Housing benefit | - | - | - | - | - |
| Community Cost of Living Fund | - | 75,000 | (75,000) | - | - |
| Night Shelter Transformation Fund | - | 30,815 | (30,815) | - | - |
| King Cullimore Trust | - | 12,500 | (12,500) | - | - |
| Rothschild Foundation | - | 10,000 | (10,000) | - | - |
| Red Kite Springboard Fund | - | 10,000 | (833) | - | 9,167 |
| T and S Williams Foundation | - | 7,500 | (625) | - | 6,875 |
| Clare Foundation | - | 17,932 | (7,471) | - | 10,461 |
| Albert Hunt Trust | - | 7,000 | (4,667) | - | 2,333 |
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|
| Total Restricted | - | 170,747 | (141,911) | - | 28,836 |
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|
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|
| Total Funds | 496,414 | 567,519 | (574,333) | - | 489,600 |
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20
Wycombe Homeless Connection
Year Ended 30th April 2024
Notes to the Financial Statements
| 1 Apr 2022 | Income | Expenditure | Transfers 31 Mar 2023 | Transfers 31 Mar 2023 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Unrestricted Funds | |||||
| Unrestricted | |||||
| General funds | 377,951 | 527,040 | (565,419) | 6,842 | 346,414 |
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|
| 377,951 | 527,040 | (565,419) | 6,842 | 346,414 | |
| Designated | |||||
| Reserve fund | 150,000 | - | - | - | 150,000 |
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|
| 150,000 | - | - | - | 150,000 | |
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|
| Total Unrestricted | 527,951 | 527,040 | (565,419) | 6,842 | 496,414 |
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|
| Restricted Funds | |||||
| Housing benefit | 6,842 | - | - | (6,842) | - |
| Heart of Bucks Community Foundation |
- | 15,000 | (15,000) | - | - |
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|
| Total Restricted | 6,842 | 15,000 | (15,000) | (6,842) | - |
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|
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|
| Total Funds | 534,793 | 542,040 | (580,419) | - | 496,414 |
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Fund Descriptions
Designated Funds Reserve fund
Funds designated for the ongoing reserves of the organisation held inline with the reserves policy.
Restricted Funds Housing benefit
Heart of Bucks Community Foundation Community Cost of Living Fund
Funds received from the local council for housing benefit relating to service users utilizing the organisation accommodation services. Outreach project to help people 'stuck' in rough sleeping who are vulnerable and/or can be involved in anti-social behaviour.
This was paid to cover both retrospective and ongoing costs and contributed to our support work. We reported on spend in the following areas:
-
Management staff costs
-
Admin staff costs
-
Support staff costs
-
Premises
-
Utilities
-
Existing delivery staff costs
Night Shelter Transformation Fund
Grant towards support worker project costs including support worker and senior support workers salaries, management costs, accommodation fund and personalisation costs.
21
Wycombe Homeless Connection
Year Ended 30th April 2024
Notes to the Financial Statements
Fund Descriptions (Continued)
King Cullimore Trust
Rothschild Foundation
Contribution towards our homelessness support work including salaries, legal support payments, rent in advance payments, personalisation costs, health costs, emergency accommodation of over £125,000 per annum.
We had two grants from them
£500 was sponsorship of a staff member who did the Big Sleepout 2023 and as such is unrestricted
£10,000 was towards our homelessness prevention project (called advocacy in the paperwork) and was the third payment of 10k over three years so should be accounted for as per the previous two payments.
Red Kite Springboard Fund
T and S Williams Foundation
Grant towards our homelessness prevention project, specifically £10,000 towards homelessness prevention worker salary.
£7,500 towards our homelessness prevention project including volunteering coordinator costs, training for volunteers, venue hire for Chesham, marketing costs. This was a joint WHC/AHAG grant.
Clare Foundation Grant towards homelessness prevention worker salary costs. Albert Hunt Trust Grant towards services manager salary costs.
12 Analysis of Net Assets Between Funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Fixed assets | 6,153 | - | 6,153 |
| Current assets | 460,492 | 28,836 | 489,328 |
| Creditors less than 1 year | (5,881) | - | (5,881) |
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|
| 460,764 | 28,836 | 489,600 | |
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|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Fixed assets | 8,204 | - | 8,204 |
| Current assets | 495,132 | - | 495,132 |
| Creditors less than 1 year | (6,922) | - | (6,922) |
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|
| 496,414 | - | 496,414 | |
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22
Wycombe Homeless Connection
Year Ended 30th April 2024
Notes to the Financial Statements
13 Related Party Transactions
During the year, the charity received total donations of £4,250 (2023: £2,000) from Union Baptist Church High Wycombe, who are a related party organization through mutual trusteeship with Mark Dykes and Sheena Dykes being trustees for both organizations.
During the year, the charity received total donations of £0 (2023: £2,000) from High Wycombe Methodist Circuit, who are a related party organization through mutual trusteeship with David Sparks being a trustee for both organizations.
During the year, the charity paid £18,543 (2023: £18,129) of rent to the Parish of High Wycombe All Saints Church, who are a related party organization through mutual trusteeship with Dawn Segre being a trustee for both organizations.
23