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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||||
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|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|
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|||||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|
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||||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|
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|||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|
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||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|
##
|||||31|March|31|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|
##
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||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|