##
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##
||||||Page|
|---|---|---|---|---|---|
|Reference and administrative|||details ofthe Charity,|its Trustees and advisers||
|Trustees'
report|||||2-12|
|Independent|auditors'|report|on the financial statements||13-16|
|Consolidated|statement|offinancial activities|||17|
|Consolidated|balance sheet||||18|
|Charity balance sheet|||||19|
|Consolidated|statement|ofcash flows|||20|
|Notes to the|financial statements||||21 -43|
##
|Trustees|||K L Moore, appointed|K L Moore, appointed|K L Moore, appointed|K L Moore, appointed|Chair|30 November|2021 (resigned 15December 2022)|
|---|---|---|---|---|---|---|---|---|---|
||||D R Bindert|||||||
||||N V De-Costa|||||||
||||R Ikram|||||||
||||N Owen (resigned|||10 March||2022)||
||||DJ Saunders|(resigned 30||||September 2022)||
||||N Sunder (resigned||||15December 2022)|||
||||L Cannon|||||||
||||Nina Warrington||(appointed|||1 October 2022, resigned 31 October 2022)||
||||M Baird (appointed|||1 October 2022)||||
||||BTaylor (appointed||||1 October 2022)|||
||||H Floyd (appointed|||1 October 2022)||||
|Company|registered|||||||||
|number|||09244172|||||||
|Charity registered||||||||||
|number|||1163098|||||||
|Registered||office|Hestia House|||||||
||||22 Old Walsall Road|||||||
||||Birmingham|||||||
||||B42 1DT|||||||
|Company|secretary||DJ Bradley|||||||
|Group Chief Executive|||DJ Bradley|||||||
|Independent||auditors|Dains Audit Limited|||||||
||||15Colmore Row|||||||
||||Birmingham|||||||
||||B32BH|||||||
|Solicitors|||Anthony
Collins Solicitors|||||||
||||134Edmund|Street||||||
||||Birmingham|||||||
||||B32ES|||||||
||||Higgs 8 Sons|||||||
||||3Waterfront|Business Park||||||
||||Brierley
Hill|||||||
||||Dudley|||||||
||||DY5 1LX|||||||
|Bankers|||Barclays Bank Plc|||||||
||||66 Oxford Street|||||||
||||Kidderminster|||||||
||||DY10 1BL|||||||
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|||||||As restated|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Note|2022
E|2022|2022f|2021|
|Income from:|||||||
|Donations
and legacies||4|5,980|541,892|547,872|1,090,091|
|Charitable
activities||5|10,776,910|192,800|10,969,710|9,359,400|
|Other income||6|253,006||253,006|272,985|
|Total income|||11,035,896|734,692|11,770,588|10,722,476|
|Expenditure
on:|||||||
|Charitable
activities||7|11,104,651|503,705|11,608,356|9,973,377|
|Total expenditure|||11,104,651|503,705|'11,608,356|9,973,377|
|Net income/(expenditure)|||(68,755)|230,987|162,232|749,099|
|Transfers
between|funds|16|908,368|(908,368)|||
|Net movement
in funds before other|||||||
|recognised
losses|||839,613|(677,381)|162,232|749,099|
|Other recognised|gains/(losses):||||||
|Fred Winter Centre|capital grants||(374,372)||(374,372)|(306,163)|
|Net movement
in funds|||465,241|(677,381)|(212,140)|442,936|
|Reconciliation
offunds:|||||||
|Total funds brought|forward||2,315,921|1,032,383|3,348,304|2,905,368|
|Net movement
in funds|||465,241|(677,381)|(212,140)|442,936|
|Total funds carried forward|||2,781,162|355,002|3,136,164|3,348,304|
##
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##
||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Note|||||
|Fixed assets||||||||
|Tangible assets|||11||2,800,079||2,483,345|
|Investments|||12|||||
||||||2,800,079||2,483,345|
|Current assets||||||||
|Debtors|||13|2,034,900||1,863,941||
|Cash at bank and|in hand|||185,822||219,332||
|||||2,220,722||2,083,273||
|Creditors: amounts|falling|due within one||||||
|year|||14|(1,089,277)||(1,158,104)||
|Net current assets|||||1,131,445||925,169|
|Total assets less|current|liabilities|||3,931,524||3,408,514|
|Creditors: amounts|falling|due after more||||||
|than one year|||15||(795,360)||(60,210)|
|Total net assets|||||3,136,164||3,348,304|
|Charity funds||||||||
|Restricted funds:||||||||
|Restricted
income|funds||16|287,428||165,372||
|Restricted capital|funds||16|67,574||867,011||
|Total restricted
funds|||16||355,002||1,032,383|
|Unrestricted
funds|||16||2,781,162||2,315,921|
|Total funds|||||3,136,164||3,348,304|
##
##
|||||2022|2021|
|---|---|---|---|---|---|
||||Note|||
|Cash flows from operating
activities||||||
|Net cash provided
by operating
activities|||18|(122,625)|647,981|
|Cash flows from investing
activities||||||
|Proceeds from the sale oftangible
fixed|assets|||17,201|15,344|
|Purchase oftangible
fixed assets||||(73,358)|(1,939,217)|
|Net cash used in investing
activities||||(56,157)|(1,923,873)|
|Cash flows from financing
activities||||||
|Cash inflows from new borrowing||||444,500|55,000|
|Repayments
of borrowing||||(126,042)|(20,943)|
|Repayments
offinance leases||||(151,838)||
|Net cash provided
by financing
activities||||166„620|34,057|
|Change
in cash and cash equivalents|in|the year||(12,162)|(1,241,835)|
|Cash and cash equivalents
at the beginning||ofthe year||219,472|1,461,307|
|Cash and cash equivalents
at the end|of|the year|19|207,310|219,472|
|The notes on pages 21 to 43 form part ofthese financial statements||||||
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|||Restricted|Restricted||
|---|---|---|---|---|
||Unrestricted|income|capital|Total|
||funds|funds|funds|funds|
||2022|2022|2022|2022|
||E|F|F|F|
|Donations|5,980|||5,980|
|Grants||361,461|180,431|541,892|
||5,980|361,461|180,431|547,872|
||||Restricted|Restricted||
|---|---|---|---|---|---|
|||Unrestricted|income|capital|Total|
|||funds|funds|funds|funds|
|||2021|2021|2021|2021|
|||E|f.|||
|Donations||481|||481|
|Grants|||255,377|795,000|1,050,377|
|Government|grants|39,233|||39,233|
|||39,714|255,377|795,000|1,090,091|
##
##
##
||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2022|
|||||E|E|
|Rent, eligible service charges and property||management||||
|income|||8,506,442|52,220|8,558,662|
|Support income,|care leavers and refugee|services|1,960,319|140,580|2,100,899|
|Other charitable|projects||310,149||310,149|
||||10,776,910|192,800|10,969,710|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2021|2021|2021|
|Rent, eligible service charges and property||management||||
|income|||7,674,744|18,000|7,692,744|
|Support income,|care leavers and refugee|services|1,611,138|55,518|1,666,656|
||||9,285,882|73,518|9,359,400|
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022|2022|
||||E||
|Other|miscellaneous|income|253,006|253,006|
||||Unrestricted|Total|
||||funds|funds|
||||2021|2021|
|Other|miscellaneous|income|272,985|272,985|
##
##
##
||||||Activities|||
|---|---|---|---|---|---|---|---|
||||||undertaken|Support|Total|
||||||directly|costs|funds|
||||||2022|2022|2022|
|||||||F|F|
|Housing|provision||||9,087,842|2,520,514|11,608,356|
||||||Activities|||
||||||undertaken|Support|Total|
||||||directly|costs|funds|
||||||2021|2021|2021|
||||||F|F|F|
|Housing|provision||||7,952,294|2,021,083|9,973,377|
|Analysis|of|direct costs||||||
|||||||Total|Total|
|||||||funds|funds|
|||||||2022|2021|
|||||||F||
|Staff costs||||||1,108,436|1,085,701|
|Depreciation||on vehicles,|leasehold|property|and fixtures and fittings|202,157|55,305|
|Staff training||and expenses||||53,472|58,078|
|Property|lease costs and||write-offs|||5,250,793|4,460,621|
|Property|costs|||||2,124,832|1,680,672|
|Managing|Agent's fees|||||337,490|312,063|
|Bad debt|allowance|||||10„662|299,854|
|||||||9,087,842|7,952,294|
##
##
##
##
|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2022|2021|
|||||||F|F|
|Staff costs||||||1,640,978|1,329,529|
|Depreciation|on|office|and computer||equipment|40,028|36,849|
|Staff training|and expenses|||||300,617|201,139|
|Office costs||||||220,559|204,430|
|Vehicle running||costs|and sundry|support costs||36,134|29,559|
|Marketing
costs||||||1,057|4,153|
|ITcosts||||||85,592|76,966|
|Consultancy|costs and||bank charges|||70,124|59,806|
|Audit and accountancy|||fees|||32,046|37,754|
|Legal and professional|||fees|||42,229|31,494|
|Interest payable||||||48,533|9,404|
|Loss on disposal||offixed assets||||2„617||
|||||||2,520,514|2,021,083|
|8.|Net movement|Net movement|in funds|in funds|||||
|---|---|---|---|---|---|---|---|---|
||This is stated|after charging:|||||||
||||||||2022|2021|
||||||||E|E|
||Depreciation|of|tangible||fixed assets owned|by the charity|206,534|89,754|
||Depreciation|of|tangible||fixed assets held under finance leases||35,654|2,400|
||Auditor's
remuneration|||-|audit ofthe group|financial statements|15,900|15,150|
||Operating
lease||rentals||||4,850,531|4,276,900|
||Fred Winter|Centre capital grants|||||374,372|306,163|
##
##
||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|
||||||2022|2021|2022|2021|
|||||||||E|
|Wages|and|salaries|||2,487,419|2,187,958|1,889,380|1,369,736|
|Social security costs|||||214,524|186,224|214,524|186,224|
|Pension|contributions||||47,471|41,048|47,471|41,048|
||||||2,749,414|2,415,230|2,151,375|1,597,008|
|The average||number|of persons|employed|by the Charity
during|the year was|as follows:||
||||||||Group|Group|
||||||||2022|2021|
||||||||No.|No.|
|Management||and admin|||||18|11|
|Housing|||||||37|47|
|Maintenance|||||||13|8|
|Support|||||||49|39|
||||||||117|105|
|Group|Group|
|---|---|
|2022|2021|
|No.|No.|
##
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##
||Long-term|Fred||Fixtures|Computer|Assets||
|---|---|---|---|---|---|---|---|
||leasehold|Winter|Motor|and|and office|under||
||property|Centre|vehicles|fittings|equipment|construction|Total|
||E|E|E|E|f.|E|E|
|Cost||||||||
|At 1 October||||||||
|2021|251,333||101,517|179,670|208,219|1,996,926|2,737,665|
|Additions|3,400||10,194|74,727|71,747|418,669|578,737|
|Disposals|||(17,994)|(13,685)|(2,737)||(34,416)|
|Transfers|(75,420)|2,491,015||||(2,415,595)||
|At 30||||||||
|September||||||||
|2022|179,313|2,491,015|93,717|240,712|277,229||3,281,986|
|Depreciation||||||||
|At 1 October||||||||
|2021|42,156||43,517|65,745|102,902||254,320|
|Charge for the||||||||
|year|13,100|133,092|16,679|39,286|40,028||242,185|
|On disposals|||(6,598)|(6,587)|(1,413)||(14,598)|
|At 30||||||||
|September||||||||
|2022|55,256|133,092|53,598|98,444|141,517||481,907|
|Net book value||||||||
|At 30||||||||
|September||||||||
|2022|124,057|2,357,923|40,119|142,268|135,712||2,800,079|
|At 30||||||||
|September||||||||
|2021|209,177||58,000|113,925|105,317|1,996,926|2,483,345|
##
##
##
##
##
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
||||F|||
|Trade debtors||1,473,024|1,310,461|1,473,024|1,310,461|
|Amounts
owed by group undertakings||||20,954||
|Other debtors||110,213|100,880|110,213|100,845|
|Prepayments|and accrued income|430,?09|452,635|430,709|452,635|
|||2,013,946|1,863,976|2,034,900|1,863,941|
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||||E||
|Other loans||152,840|93,847|152,840|93,847|
|Trade creditors||313,435|714,252|313,435|714,252|
|Amounts
owed to group undertakings|||||25|
|Other taxation and social security||59,?32|49,367|59,732|49,367|
|Obligations
under finance lease and hire||||||
|purchase
contracts||150,258|2,708|150„258|2,708|
|Other creditors||15,382|58,832|14,848|58,632|
|Accruals and deferred|income|398,164|239,273|398,164|239,273|
|||1,089,811|1,158,279|1,089,277|1,158,104|
##
||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021f|
|Other loans|||319,675|60,210|319,675|60,210|
|Net obligations||under finance lease and hire|||||
|purchase|contracts||475,685||475,685||
||||795,360|60,210|795,360|60,210|
##
##
##
|Included
within the above are amounts
fa|lling due as follows:||||
|---|---|---|---|---|
||Group|Group|Charity|Charity|
||2022|2021|2022|2021|
|||E|E|E|
|Between one and two years|||||
|Other loans|60,047||60,047||
|Between two and five years|||||
|Other loans|259,628|60,210|259,628|60,210|
##
##
##
|Statement o|ffunds|- current year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at 1|||||30|
|||October|||Transfers|Gains/|September|
|||2021|Income
F|Expenditure|in/(out)
f|(Losses)
F|2022|
|Unrestricted|funds|||||||
|Designated|funds|||||||
|Fixed assets||1,616,334||(170,685)|(1,071,067)||374,582|
|Fred Winter|Centre||||2,357,923||2,357,923|
|||1,616,334||(170,685)|1,286,856||2,732,505|
|General funds||||||||
|General Funds||699,587|11,035,896|(10,933,966)|(378,488)|(374,372)|48,657|
|Total unrestricted||||||||
|funds||2,315,921|11,035,896|(11,104,651)|908,368|(374,372)|2,781,162|
##
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##
||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at 1|||||30|
|||October|||Transfers|Gains/|September|
|||2021|Income|Expenditure|in/(out)|(Losses)|2022|
||||E.||F|F|E|
|Restricted
income||||||||
|funds||||||||
|Refugee Action SVRPS||20,291|140,580|(101,464)|||59,407|
|Big Lottery Fund|Grant|118,445|-|(106,628)|||11,817|
|Children
in Need Grant||1,533|10,000|(9,052)|||2,481|
|Children
ln Need Grant||||||||
|- Refugees|||40,192|(35,512)|||4,680|
|Nationwide|||50,000|(22,480)|||27,520|
|WCC|||9,800|(1,180)|||8,620|
|Police Crime||||||||
|Commissioner|||5,000|(3,594)|||1,406|
|Heart of England||||||||
|Community
Garden|||11,220|(724)|||10,496|
|BCC NNS||4,456|74,982|(13,814)|||65,624|
|BCC Misc||3,366|12,400|(15,900)|||(134)|
|Reaching
Communities||||||||
|—FWC||15,000|50,367|(29,766)|||35,601|
|Stratford Town Trust|||72,500|(32,447)|||40,053|
|RSI 2021||1,679|52,220|(34,410)|||19,489|
|Stratford Town Council|||25,000|(25,000)||||
|Other restricted|funding|602||(234)|||368|
|Total restricted||||||||
|income funds||165,372|554,261|(432,205)|||287,428|
##
##
##
||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at 1|||||30|
|||October|||Transfers|Gains/|September|
|||2021|Income|Expenditure|in/(out)
E|(Losses)
f|2022|
|Restricted capital||||||||
|funds||||||||
|Midlands|Together|||||||
|(Hestia|House)|48,576||(2,993)|||45,583|
|The Clothworker||||||||
|Foundation||23,435||(1,444)|||21,991|
|Garfield Weston||200,000||(13,551)|(186,449)|||
|Stratford|District|||||||
|Council||310,000|90,000|(27,102)|(372,898)|||
|26th May Charity||||||||
|Trust||25,000||(1,694)|(23,306)|||
|Strafford|Town|||||||
|Trust||60,000|25,000|(3,388)|(81,612)|||
|Warwickshire||||||||
|County|Council|200,000||(13,551)|(186,449)|||
|HSBC|||40,431|(3,712)|(36,719)|||
|Bernard|Sunley|||||||
|Foundation|||25,000|(1,694)|(23,306)|||
|Stratford|Town|||||||
|Council||||(2,371)|2,371|||
|Total restricted||||||||
|captial|funds|867,011|180,431|(71,500)|(908,368)||67,574|
|Total restricted||||||||
|funds||1,032,383|734,692|(503,705)|(908,368)||355,002|
|Total of|funds|3,348,304|11,770,588|(11,608,356)||(374,372)|3,136,164|
##
##
##
||||||||||Balance at|
|---|---|---|---|---|---|---|---|---|---|
||||||Balance at||||30|
||||||1 October|||Transfers|September|
||||||2020|Income|Expenditure|in/out|2021|
||||||F|||||
|Unrestricted
funds||||||||||
|Designated
funds||||||||||
|Fixed assets||||||||1,616,334|1,616,334|
|General funds||||||||||
|General Funds|||||2,554,519|9,598,581|(9,837,179)|(1,616,334)|699,587|
|Total Unrestricted|||funds||2,554,519|9,598,581|(9,837,179)||2,315,921|
|Restricted
income|||funds|||||||
|Refugee Action SVRPS|||||5,326|55,518|(40,553)||20,291|
|Big Lottery Fund|Grant||||156,602|97,497|(135,654)||118,445|
|Children
In Need||Grant|||16,594|4,849|(19,910)||1,533|
|W M Strategic Migration||||||||||
|Partnership|||||1,287|13,750|(15,037)|||
|BCC - Production||ofthe||||||||
|Charter of Rights||||||20,000|(20,000)|||
|Children
ln Need||Grant-||||||||
|Refugees|||||14,793|9,933|(24,726)|||
|Nationwide|||||15,828||(15,828)|||
|Postcode Lottery|||||17,270||(17,270)|||
|Lotter Community||Fund|||32,525||(32,525)|||
|Landaid|||||3,065||(3,065)|||
|Landaid - kitchen||fund||||7,500|(7,500)|||
|BCC - miscellaneous|||||9,293|15,542|(17,013)||7,822|
|Reaching
Communities||||- FWC||15,000|||15,000|
|Protect||||||52,039|(52,039)|||
|RSI 2021||||||18,000|(16,321)||1,679|
|Other restricted|funding|||||6,767|(6,165)||602|
|Fred Winter Centre-||||||||||
|operations||||||12,500|(12,500)|||
##
##
##
||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at|||||30|
|||1October||||Transfers|September|
|||2020
F|Income
F|Expenditure|f|in/out
E|2021|
|Restricted capital funds||||||||
|Midlands
Together (Hestia||||||||
|House)||53,387||(4,811)|||48,576|
|The Clothworker|Foundation|24,879||(1,444)|||23,435|
|Garfield Weston|||200,000||||200,000|
|Stratford
District|Council||310,000||||310,000|
|26th May Charity|Trust||25,000||||25,000|
|Stratford
Town Trust|||60,000||||60,000|
|Warwickshire
County Council|||200,000||||200,000|
|Total Restricted|funds|350,849|1,123,895|(442,361)|||1,032,383|
|Total offunds||2,905,368|10,722,476|(10,279,540)|||3,348,304|
##
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|Analysis|of n|et assets between funds -|current year||||
|---|---|---|---|---|---|---|
|||||Restricted|Restricted||
||||Unrestricted|income|capital|Total|
||||funds|funds|funds|funds|
||||2022|2022|2022|2022|
||||E||E|E|
|Tangible|fixed|assets|2,732,505||67,574|2,800,079|
|Current|assets||1,933,828|287,428||2,221,256|
|Creditors|due|within one year|(1,089,811)|||(1,089,811)|
|Creditors|due|in more than one year|(795,360)|||(795,360)|
|Total|||2,781,162|287,428|67,574|3,136,164|
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|Analysis|of n|et assets between funds -|prior year||||
|---|---|---|---|---|---|---|
|||||Restricted|Restricted||
||||Unrestricted|income|capital|Total|
||||funds|funds|funds|funds|
||||2021|2021|2021|2021|
|||||||F|
|Tangible|fixed|assets|1,616,334||867,011|2,483,345|
|Current|assets||1,918,076|165,372||2,083,448|
|Creditors|due|within one year|(1,158,279)|||(1,158,279)|
|Creditors|due|in more than one year|(60,210)|||(60,210)|
||||2,315,921|165,372|867,011|3,348,304|
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||||||Group|Group|
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||f.|F|
|Net income|for the year (as per Statement|||of Financial Activities)|162,232|749,099|
|Adjustments|for:||||||
|Depreciation|charges||||242,185|92,154|
|Fred Winter|Centre capital grants||||(374,372)|(306,163)|
|Donated fixed assets|||||269,693||
|Loss on the|sale offixed assets||||2,617|250|
|Increase
in|debtors||||(149,970)|(411,417)|
|(Decrease)/increase||in creditors|||(275,010)|524,058|
|Net cash provided||by/(used|in) operating|activities|(122,625)|647,981|
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|||||||Group|Group|
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||E|E|
|Cash|at|bank|and|in|hand|207,310|219,472|
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||||At 1|||At 30|
|---|---|---|---|---|---|---|
||||October||New finance|September|
||||2021|Cash flows|leases|2022|
||||E||||
|Cash at bank and||in hand|219,472|(12,162)||207,310|
|Debt due within|1|year|(93,847)|(58,993)||(152„840)|
|Debt due after 1 year|||(60,210)|(259,465)||(319,675)|
|Finance leases|||(2,708)|151,838|(775,073)|(625,943)|
||||62,707|(178,782)|(775,073)|(891,148)|
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|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2022|2021|2022|2021|
|||||E||||
|Contracted|for but not|provided|in these|||||
|financial|statements|||||||
|Construction|oftangible|fixed assets|||362,899||362,899|
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|payments|und|er non-cancellable
operating
lea|ses as follows:||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2022|2021|2022|2021|
|Not later than||1 year|1,059,471|842,887|473,553|304,540|
|Later than|1 year and not later than 5years||1,945,518|1,346,948|1,118,883|792,677|
|Later than|5 years||2,759,985|1,525,918|2,598,333|1,500,000|
||||5,764,974|3,715,753|4,190,769|2,597,217|
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