2021-03-31-accounts - Settle Support

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C~ont nts
		Page
Reference and administrative	details
Trustees' Annual Report
Structure, objects and public	benefit
Mission, background and activities
Achievements and performance
Future plans		13
Financial review		14
Reserves policy		17
Governance and management		17
Statement oftrustees' responsibility		18
Independent Examiner's report		19
Statement of Financial Activities		20
Balance Sheet		21
Statement ofCash Flows		22
Notes to the financial statements		23

Registered	name		Settle Support
Charity registered		number	1162399
Trustees			Sarah Elizabeth Drummond
			Ben Lambert
			Kathleen Mohan
			Coco Pemberton
			Robert John Trimble
Chief Executive Officer			Richard Grahame
Principal office address			The Dock, Tobacco Dock, Wapping		Lane, London, E1W1SF
Registered	address		The Dock, Tobacco Dock, Wapping		Lane, London, E1W1SF
Independent	Examiner		Olayinka Tomori
			Longmeade Consult	Ltd
			Regus House
			Victory Way, Admiral's	Park, Crossways
			Dartford, DA2 6QD
Bankers			National Westminster	Bank, 9The	Broadway,	Stanmore,
			Middlesex, HA7 4XW

y/e 31		2020/21	2019/20	2018/19	2017/18
March; F
Income	Grants	511,239	325,256	174,497	28,327
	Contracts	45,732	24,728	42,600	66,701
	Donations	18,034	4,666	12,594	13,823
	Total	575,005	354,650	229,691	108,851
Expenditure	Staff costs	301,598	165,257	95,688	68,412
	Delivery
	costs	18,550	6,253	7,259	6,107
	Support
	costs	66,449	38,365	15,604	12,951
	Total	386,597	209,875	118,551	87,470
	Unrestricte
Surplus	d	70,240	23,260	7,644	21,381
	Restricted	118,167	121,515	103,496
	Total	188,407	144,775	111,140	21,381
	Unrestricte
Reserves	d	139,507	69,26?	46,00?	38,363
	Restricted	343,178	225,011	103,496
	Total	482,685	294,278	149,503	38,363

				Notes	2020/21	2020/21	2020/21	2019/20
					Unrestricted	Restricted	Total	Total
					Funds	Funds
Income from:
Grants					333	510,906	511,239	325,256
Contract income		(charitable	activities)		45,732		45,732	24,728
Donations					14,034	4,000	18,034	4,666
Total Income					60,099	514,906	575,005	354,650
				2-5
Expenditure:
Costs ofraising funds:
Marketing &fundraising						3,244	3,244	1,686
Staff costs						42,280	42,280	22,907
Charitable activity —Preventing				homelessness:
Staff costs					(120)	259,438	259,318	142,350
Delivery costs					42	2,710	2,752	5,068
Young Person	grants					15,799	15,799	1,184
Staff recruitment,		training 8	expenses		18	10,589	10,607	9,851
insurance						1,261	1,261	766
Office costs						7,038	7,038	7,949
IT8 telecoms						16,111	16,111	16,012
Development	projects				(152)	16,900	16,748
Accounting 8	legal fees				152	11,288	11,440	2,102
Total Expenditure					(60)	386,658	386,598	209,875
Net Income					60,159	128,248	188,407	144,775
Transfers between		funds			10,081	(10,081)
Net movement	in	funds			70,240	118,167	188,407	144,775
Reconciliation	of	funds		9,10
Total funds brought		forward			69,267	225,011	294,278	149,503
Total funds carried		forward			139,507	343,178	482,685	294,278

			Notes	2020/21	2019/20
				Total	Total
				Funds	Funds
Fixed assets:
Tangible fixed assets				367	333
Total fixecfassets				367	333
Current assets:
Debtors				36,334	23,082
Cash				480,385	303,185
Total current assets				516,719	326,267
Liabilities:
Creditors: amounts	falling due within	1year	8	(34,401)	(32,322)
Net current assets				482,318	293,945
Total net assets				482,685	294,278
The funds ofthe charity:
Restricted income funds			9,10	343,178	225,011
Unrestricted funds				139,507	69,267
Total charity funds				482,685	294,278

h I			h2
							2020/21	2019/20
						Note
Cash fiows from operating activities:
Net cash provided by (used	in) operating	activities				A	177,750	136,389
Cash fiows from investing	activities:
Purchase offixed assets							(550)
Net cash provided by (used	in) investing	activities					(550)
Change in cash and cash equivalents in the			reporting	period
							177,200	136,389
Cash and cash equivalents	at the beginning		ofthe reporting		period
							303,185	166,796
Cash &cash equivalents	at the end ofthe		reporting	period		B	480,385	303,185
A. Reconciliation of Net Income to		Net Cash Flow from Operating					Activities
							2020/21	2019/20
Net income for the reporting	period						188,407	144,775
Add back: Depreciation charges							516	334
(increase) in debtors							(13,252)	(10,483)
Increase in creditors							2,079	1,763
Net cash provided by (used in) operating			activities				177,750	138,389
B. Analysis ofCash and Cash Equivalents
						2020/21		2019/20
Cash in hand an in bank						480,385		303,185
Other cash equivalents
Total cash and cash equivalents						480,385		303,185

		2020/21f	2019/20
Salaries		268,603	137,478
Pension costs		5,240	2,800
Social security costs		20,575	12,685
Employee costs		298,418	152,963
Consultancy agreement	costs	7,180	12,294
Total staff costs		301,598	185,257

	Computer	Total
	equipment
Cost
Opening balance	1,000	1,000
Additions during the year	550	550
Closing balance	1,550	1,550
Accumulated depreciation
Opening balance	667	667
Charge for the year	516	516
Closing balance	1,183	1,183
Net book value at 31 INarch 2021	367	367
Net book value at 31 March 2020	333	333

				March	March
				2021	2020
Debtors				20,395	21,951
Prepayments	and	accrued	income	15,939	1,131
Total				36,334	23,082

8.	Creditors: amounts falling d	ue within one year
		31	March	31	March
			2021		2020
Accruals			4,776		3,015
Creditors			11,175
Deferred	income		18,450		29,307
Total			34,401		32322

Restricted Grant			Purpose		2020/21
The National Lottery Community			Remote delivery pilot &core costs		91,859
Fund
JP MorganChase Foundation			Programme	delivery costs	77,500
The Henry Smith Charity			CEO costs		44,000
The Tolkien Trust			Core costs		40,000
Lloyds Bank Foundation			Core costs		35,000
Lloyds Bank Foundation			COVID response		5,110
John Lyon's Charity			Programme	delivery costs	31,000
The Hyde Foundation			Remote delivery pilot		28,593
The Hyde Foundation			Support for	Hyde Housing tenants	10,000
Charles Hayward Foundation			Programme	delivery costs	25,000
Beacon Lodge Charitable	Trust		Programme	delivery costs	25,000
The Berkeley Foundation			Mental Health support costs		20,000
People's Postcode Trust			Programme	Manager costs	20,000
Notting Hill Genesis			Programme	delivery costs	13,500
Enterprise Development	Fund		Income capacity building		12,500
The Lightbulb Trust			Young Person grants		10,000
London Community Response		Fund	Interpreter	services	6,480
The CriSeren Foundation			Operations	Manager costs	6,000
Westminster Foundation			Young Person grants		4,364
The Albert Hunt Trust			Core costs		5,000
Christmas Campaign			Programme	delivery costs	4,000
Total					514,906

Restricted Grant	Purpose		2019/20f
JP MorganChase Foundation	Programme	delivery costs	85,950
Nationwide Building Society	Programme	delivery costs	50,000
Lloyds Bank Foundation	Core costs		35,000
The Berkeley Foundation	Programme	delivery costs	29,100
The Henry Smith Charity	CEO costs		29,000
Garfield Weston Foundation	Programme	Manager costs	25,000
Notting Hill Genesis	Programme	delivery costs	15,450
Maureen 8 Derek Morton Trust	Case management and 20/21 work		15,100
The Hyde Foundation	Support for	Hyde Housing tenants	15,000
The Fore	Programme	Manager costs	15,000
The Collective Foundation	Programme	delivery costs	5,000
The Pret Foundation	Grants for young people		4,500
Southern Housing Group	SHG project (refund)		(500)
Total			323,600

		Balance				Balance at
		b/f'wd	Income	Expenditure	Transfer	31 March
		1 April 2020				2021
		F
JP Morgan Chase Foundation		73,955	77,500	(46,795)		104,660
Nationwide Building Society		47,779		(26,633)		21,146
The Berkeley Foundation		30,687		(30,687)
The Berkeley Foundation			20,000			20,000
Lloyds Bank Foundation		16,305	35,000	(24,695)		26,610
Lloyds Bank Foundation			5,110	(4,503)		607
The Hyde Foundation		12,500	10,000	(6,473)		16,027
The Hyde Foundation			28,593	(368)		28,225
Maureen &Derek Morton	Trust	10,081			(10,081)
Notting Hill Genesis		9,494	13,500	(22,994)
Garfield Weston Foundation		9,460		(9,460)
The Henry Smith Charity		?,214	44,000	(34,6S3)		16,521
The Collective Foundation		3,790		(3,790)
The Pret Foundation		3,746		(749)		2,997
The National Lottery Community			91,859	(91,859)
Foundation
The Tolkien Trust			40,000	(23,001)		16,999
John Lyon's Charity			31,000	(13,626)		17,374
Charles Hayward Foundation			25,000	(4,629)		20,371
Beacon Lodge Charitable	Trust		25,000	(4,934)		20,066
People's Postcode Trust			20,000	(8,293)		11,707
Enterprise Development	Fund		12,500	(11,183)		1,317
The Lightbulb Trust			10,000	(10,000)
London Community Response			6,480			6,480
Fund
The Albert Hunt Trust			5,000	(2,689)		2,311
The CriSeren Foundation			6,000	(240)		5,760
Westminster Foundation			4,364	(4,364)
Christmas Campaign			4,000			4,000
Total restricted funds		225,011	514,906	(386,658)	(10,081)	343,178

	Balance			Balance at
	bjfwd	Income	Expenditure	31 March
	1 April 2019			2020
JP Morgan Chase Foundation	30,663	85,950	(42,658)	73,955
Nationwide Building Society		50,000	(2,221)	47,779
Lloyds Bank Foundation		35,000	(18,695)	16,305
The Berkeley Foundation	28,100	29,100	(26,513)	30,687
The Henry Smith Charity		29,000	(21,786)	7,214
Garfield Weston Foundation		25,000	(15,540)	9,460
Notting Hill Genesis		15,450	(5,956)	9,494
Maureen 8 Derek Morton Trust		15,100	(5,019)	10,081
The Hyde Foundation	12,500	15,000	(15,000)	12,500
The Fore	7,500	15,000	(22,500)
The Collective Foundation		5,000	(1,210)	3,790
The Pret Foundation		4,500	(754)	3,746
The Funding Network	20,975		(20,975)
NatWest	2,165		(2,165)
School for Social Entrepreneurs	667		(667)
Southern Housing Group	926	(500)	(426)
Total restricted funds	103,496	323,600	(202,085)	225,011

10.A	nalysis	ofnet as	sets between fu	nds
			Restricted	Unrestricted	Total	Total
			Funds	Funds
			31 March	31 March	31 March	31 March
			2021	2021	2021	2020
Tangible fixed assets			367		367	333
Current assets			358,762	157,957	516,719	326,267
Creditors:	amounts	falling	(15,951)	(18,450)	(34,401)	(32,322)
due within	1 year
Total			343,178	139,507	482,685	294,278

			Restricted	Unrestricted	Total	Total
			Funds	Funds
			31 March	31 March	31 March	31 March
			2020f	2020	2020 F	2019
Tangible fixed assets			333		333	667
Current assets			227,132	99,135	326,267	179,395
Creditors:	amounts	falling	(2,454)	(29,868)	(32,322)	(30,559)
due within	1 year
Total			225,011	69,267	294,278	148,503

					2019/20	2019/20	2019/20
					Unrestricted	Restricted	Total
					Funds	Funds
Income from:
Grants					1,656	323,600	325,256
Contract income		(charitable		activities)	24,728		24,728
Donations					4,666		4,666
Total Income					31,050	323,600	354,650
Expenditure on:
Staffcosts					7,529	157,728	165,257
Delivery costs						5,068	5,068
Young Person	grants				216	968	1,184
Staff recruitment,		training	&	expenses		9,851	9,851
Insurance						766	766
Office costs					(52)	8,001	7,949
Marketing						1,686	1,686
1T8 telecoms					97	15,915	16,012
Accounting 8	legal fees					2,102	2,102
Total Expenditure					7,790	202,085	209,875
Net Income					23,260	121,515	144,775
Transfers between		funds
Net movement	in	funds			23,260	121,515	144,775
Reconciliation	of	funds
Total funds brought		forward			46,007	103,496	149,503
Total funds carried		forward			69,267	225,011	294,278