2024-03-31-accounts

Safety Net (UK)

Registration number: 1164998 Annual Report and Financial Statements

31 March 2024

Safety Net (UK)

Contents

Trustees' responsibilities	1
Independent examiner's report	2
Statement of financial activities	3
Balance sheet	4
Notes to the financial statements	5

Safety Net (UK)

Trustees' Responsibilities in relation to the Financial Statements

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial 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:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• 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 proper accounting records that 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 as amended by the Charities Act 2022, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 1

Independent Examiner's Report to the Trustees of

Safety Net (UK)

I report on the accounts of the charity for the year ended 31 March 2024, which are set out on pages 3 to 18.

Your attention is to drawn to the fact that the Charity has prepared the financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.

We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

Respective responsibilities of trustees and examiner

The Charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Institute of Chartered Accountants in England and Wales.

It is my responsibility to:

• examine the accounts under section 145 of the 2011 Act;

• follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and

• state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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 you as 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

In connection with my examination, no matter has come to my attention:

• (1) which gives me reasonable cause to believe that in any material respect the requirements:

• to keep accounting records in accordance with section 130 of the Charities Act 2011 as amended by the Charities Act 2022; and

• to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Act

have not been met; or

• (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

......................................... Martin Borradaile ACA Dodd & Co Limited Chartered Accountants

FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA1 2RW

22 October 2024

Page 2

Safety Net (UK)

Statement of Financial Activities for the Year Ended 31 March 2024

Note Income and endowments from: Donations and legacies 2 Other trading activities 3 Investments 4 Charitable activities 5 Total income Expenditure on: Costs of generating funds Raising funds Charitable activities Total expenditure Net incoming resources before transfers Transfers Gross transfers between funds Net movements in funds Reconciliation of funds Total funds brought forward Total funds carried forward	Unrestricted Funds £ 34,791 7,604 9,078 25,530	Restricted Funds £ 30,000 - - 849,593	Total Funds 2024 £ 64,791 7,604 9,078 875,123	Total Funds 2023 £ 63,394 14,216 2,112 764,778
	77,003	879,593	956,596	844,500
	10,184 11,869	14,383 866,795	24,567 878,664	22,505 811,118
	22,053	881,178	903,231	833,623
	54,950 58,958	(1,585) (58,958)	53,365 -	10,877 -
	113,908 207,770	(60,543) 193,620	53,365 401,390	10,877 390,513
	321,678	133,077	454,755	401,390

The notes on pages 5 to 18 form an integral part of these financial statements.

Page 3

Safety Net (UK)

Balance Sheet as at 31 March 2024

Note Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: Amounts falling due within one year 14 Net current assets Net assets The funds of the charity: Restricted funds Unrestricted funds Unrestricted income funds Total charity funds	2024 £ £ 2,264 56,576 512,358 568,934 (116,443) 452,491 454,755 133,077 321,678 454,755	2023 £ £ 3,019 64,715 384,913 449,628 (51,257) 398,371 401,390 193,620 207,770 401,390	2023 £ £ 3,019 64,715 384,913 449,628 (51,257) 398,371 401,390 193,620 207,770 401,390
			401,390
			193,620 207,770
			401,390

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Approved by the Board on 22 October 2024 and signed on its behalf by:

.........................................	.........................................
J King	E Hancock
Trustee	Trustee

The notes on pages 5 to 18 form an integral part of these financial statements.

Page 4

Safety Net (UK)

Notes to the Financial Statements for the Year Ended 31 March 2024

1 Accounting policies

Statement of compliance

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 as amended by the Charities Act 2022.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities:Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Basis of preparation

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

These financial statements have been prepared on a going concern basis.

Fund accounting policy

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Further details of each fund are disclosed in note 17.

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Safety Net (UK)

Notes to the Financial Statements for the Year Ended 31 March 2024

......... continued

Income and endowments

Donations and legacies income including donations and grants that provide core funding or are of a general nature is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Income from Government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

• The donor specifies that the grant or donation must only be used in future accounting periods; or - The donor has imposed conditions which must be met before the charity has unconditional entitlement.

Income derived from events is recognised as earned (that is, as the related goods or services are provided).

Investment income is recognised on a receivable basis.

Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract or where entitlement to grant funding is subject to specific performance conditions. Grant income included in this category provides funding to support programme activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Expenditure

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Costs of generating funds are the costs of trading for fundraising purposes.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Fixed assets

Individual fixed assets costing £1000 or more are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Fixtures, fittings and equipment

25% reducing balance

Cash and Cash Equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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Safety Net (UK)

Notes to the Financial Statements for the Year Ended 31 March 2024

......... continued

Pensions

The charity operates a defined contribution pension scheme. Contributions are charged in the statement of financial activities as they become payable in accordance with the rules of the scheme.

2 Donations and legacies

Donations and legacies Appeals and donations Grants Lloyds Bank Foundation Garfield Weston	Unrestricted Funds £ 9,791	Restricted Funds £ -	Total Funds 2024 £ 9,791	Total Funds 2023 £ 11,144
	25,000 -	- 30,000	25,000 30,000	27,250 25,000
	25,000	30,000	55,000	52,250
	34,791	30,000	64,791	63,394

Of the donations and legacies income in 2023 £38,394 related to unrestricted funds and £25,000 related to restricted funds.

3 Other trading activities

Raising funds Fundraising Events	Unrestricted Funds £ 7,604 -	Restricted Funds £ - -	Total Funds 2024 £ 7,604 -	Total Funds 2023 £ 3,542 10,674
	7,604	-	7,604	14,216

All of the other trading income in 2023 related to unrestricted funds.

4 Investments

Interest on cash deposits	Unrestricted Funds £ 9,078	Restricted Funds £ -	Total Funds 2024 £ 9,078	Total Funds 2023 £ 2,112

All of the investment income in 2023 related to unrestricted funds.

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Safety Net (UK)

Notes to the Financial Statements for the Year Ended 31 March 2024

......... continued

5 Charitable activities

Charitable activities BBC Children in Need Ministry of Justice Francis C Scott Henry Smith Charity Copeland Community Fund CCF/ Sellafield Family Wellbeing Cumbria County Council/ COMF/ MHCLG PCC Cumbria Edward Gostling Foundation Small grants under £5,000 National Lottery Award for All National Lottery Community Fund Cumbria Community Foundation Together We (Cumbria) Masonic Charitable Foundation NHS England Other income	Unrestricted Funds £ - - - - - - - - - 12,500 - - - - - - 13,030	Restricted Funds £ 33,879 229,218 23,400 80,000 26,415 49,130 35,298 157,594 25,000 - 10,000 48,346 10,000 1,813 20,000 99,500 -	Total Funds 2024 £ 33,879 229,218 23,400 80,000 26,415 49,130 35,298 157,594 25,000 12,500 10,000 48,346 10,000 1,813 20,000 99,500 13,030	Total Funds 2023 £ 39,060 263,065 - 80,000 42,864 34,280 27,493 176,086 10,000 15,050 10,000 54,910 10,000 - - - 1,970
	25,530	849,593	875,123	764,778

Of the income from charitable activities in 2023 £17,020 related to unrestricted funds and £747,758 related to restricted funds.

Page 8

Safety Net (UK)

Notes to the Financial Statements for the Year Ended 31 March 2024

......... continued

6 Total expenditure

Direct costs Fundraising costs Tools and materials Wages and salaries Staff NIC (Employers) Staff pensions Birchalls subcontractor for Cumbria PCC External operational resource Staff training Volunteer expenses Rent and services Insurance Repairs and maintenance Telephone and fax Office equipment, licenses and computer costs Printing, postage and stationery Conference costs Sundry expenses Room hire Travel and subsistence Communications and marketing Recruitment expenses Bank charges Depreciation of office equipment Support costs Accountancy fees Independent examiner's fee Legal and professional fees	Raising funds £ 24,567 - - - - - - - - - - - - - - - - - - - - - - 24,567 - - - - 24,567	Charitable activities £ - 2,076 500,323 39,179 14,623 71,884 92,341 16,404 629 19,216 6,029 3,856 7,278 23,207 1,394 - 6,758 7,848 18,700 20,987 1,914 42 755	Total 2024 £ 24,567 2,076 500,323 39,179 14,623 71,884 92,341 16,404 629 19,216 6,029 3,856 7,278 23,207 1,394 - 6,758 7,848 18,700 20,987 1,914 42 755	Total 2023 £ 22,505 4,645 443,180 32,204 11,464 83,686 71,193 21,776 1,245 21,800 6,389 3,659 7,440 15,177 2,233 18,837 8,126 7,454 16,644 7,143 2,299 97 1,006
		855,443	880,010	810,202
		3,250 750 19,221	3,250 750 19,221	3,250 750 19,421
		23,221	23,221	23,421
		878,664	903,231	833,623

Of the expenditure in 2023 £5,082 related to unrestricted funds and £828,541 related to restricted funds.

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Safety Net (UK)

Notes to the Financial Statements for the Year Ended 31 March 2024

......... continued

7 Governance costs

Accountancy fees Independent examiner's fee Legal and professional fees	2024 £ 3,250 750 19,221	2023 £ 3,250 750 19,421
	23,221	23,421

8 Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £nil).

During the year ended 31 March 2024, 2 Trustees were reimbursed £255 (2023 - £744) for expenses incurred.

9 Net incoming resources

Net incoming resources is stated after charging:

	2024		2023
	£		£
Depreciation of owned assets		755	1,006

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Safety Net (UK)

Notes to the Financial Statements for the Year Ended 31 March 2024

......... continued

10 Employees' remuneration

The monthly average number of persons (including senior management) employed by the charity during the year was as follows:

Charitable activities The aggregate payroll costs of these persons were as follows: Wages and salaries Social security Other pension costs	2024 No. 21 2024 £ 500,323 39,179 14,623 554,125	2023 No. 19
		2023 £ 443,180 32,204 11,464
		486,848

No employee received emoluments of more than £60,000 during the year.

During the period key management remuneration (including trustees) amounted to £137,674 (2023 – £111,989). Safety Net UK has a flat leadership structure consisting of a team of three Heads of Service. Two of these posts are operational and include client based work. One is non operational at a cost of £44,520.

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Safety Net (UK)

Notes to the Financial Statements for the Year Ended 31 March 2024

......... continued

11 Taxation

The registered charity is exempt from taxation on income and gains.

12 Tangible fixed assets

Cost As at 1 April 2023 and 31 March 2024 Depreciation As at 1 April 2023 Charge for the year As at 31 March 2024 Net book value As at 31 March 2024 As at 31 March 2023	Fixtures, fittings and equipment £ 18,227
	15,208 755
	15,963
	2,264
	3,019

13 Debtors

Trade debtors Prepayments and accrued income	2024 £ - 56,576 56,576	2023 £ 50 64,665
		64,715

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Safety Net (UK)

Notes to the Financial Statements for the Year Ended 31 March 2024

......... continued

14 Creditors: Amounts falling due within one year

Trade creditors Taxation and social security Other creditors Accruals and deferred income	2024 £ 10,568 9,274 - 96,601 116,443	2023 £ 7,540 8,013 2,289 33,415
		51,257

Creditors amounts falling due within one year includes deferred income:

Amount deferred in the year As at 31 March 2024	2024 £ 81,600 81,600	2023 £ -
		-

15 Pension scheme

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the charity to the scheme and amounted to £14,623 (2023 - £11,464).

Contributions totalling £nil (2023 - £2,289) were payable to the scheme at the end of the period and are included in creditors.

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Safety Net (UK)

Notes to the Financial Statements for the Year Ended 31 March 2024

......... continued

16 Related parties

Controlling entity

The charity is controlled by the trustees.

17 Analysis of funds

General Funds Unrestricted income fund Restricted Funds Children in Need Garfield Weston Big Lottery Fund Ministry of Justice Rape Support Cumbria Police and Crime Commissioner Copeland Community Fund Safety Net Fund The Henry Smith Charity CCF/ Sellafield Family Wellbeing Cumbria County Council/COMF/DLUHC Francis C Scott Charitable Trust Edward Gosling Foundation National Lottery Community Fund Together We (Cumbria) Masonic Charitable Foundation NHS - Contract NHS - Asylum Funding	At 1 April 2023 £ 207,770 4,520 3,908 - - 72,222 19,603 52,313 30,788 - 336 3,977 5,953 - - - - - 193,620 401,390	Incoming resources £ 77,003 33,879 30,000 10,000 229,218 157,594 26,415 - 80,000 59,130 35,298 23,400 25,000 48,346 1,813 20,000 - 99,500 879,593 956,596	Resources expended £ (22,053) (34,133) (33,908) (10,000) (230,321) (168,971) (39,384) - (110,788) (59,130) (35,634) (27,786) (27,168) (48,721) (1,813) (20,000) - (33,421) (881,178) (903,231)	Transfers £ 58,958 - - - 1,103 (60,845) - - - - - 409 - 375 - - - - (58,958) -	At 31 March 2024 £ 321,678
					4,266 - - - - 6,634 52,313 - - - - 3,785 - - - - 66,079
					133,077
					454,755

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Safety Net (UK)

Notes to the Financial Statements for the Year Ended 31 March 2024

......... continued

Children in Need - Three year funding (2021-24) This project will deliver specialist support for children and young people who have experienced sexual and/or domestic abuse, violence and exploitation, leading to feeling better, improved relationships and ability to cope.

Garfield Weston Foundation — Supporting adults and children who have been affected by abuse and trauma in Cumbria.

National Lottery (AFA) – Volunteers/tier 4 services.

National Lottery (Community Fund) — Partnership project with The Birchall Trust and Safety Net UK for the provision of a collaborative county-wide trauma informed services for people affected by sexual abuse, rape and sexualised violence.

MOJ (Rape Support Fund) — Contribution towards the provision of support for female and male victims of rape and sexual abuse including child sexual abuse.

Cumbria Police and Crime Commissioner — Funding to provide a counselling service for victims of rape and serious sexual assault in Cumbria.

Copeland Community Fund - School project for 3 years funding, to work in secondary schools across Copeland, providing prevention & early intervention work. This will include 1:1 support and therapy for students, training and support for staff.

Safety Net Fund — This is an internal restricted fund and is an accumulation of the small balances of old restricted funds. As agreed, when possible, with funders for repurposing towards our charitable activities.

Henry Smith Charity - a grant totalling £120,000 towards three years' continuation funding of the running costs of an organisation that supports the recovery of both adults and children affected by rape, sexual and domestic abuse and/or exploitation across Cumbria.

Henry Smith Charity - £40,000 received for three years (£120,000 in total) towards three years' salary and on costs of a freelance Duty and Assessment Practitioner supporting adults and children affected by rape, sexual and domestic abuse and/or exploitation, and negatively impacted by the COVID-19 pandemic, in Cumbria.

Cumbria Community Foundation / Sellafield (Family Wellbeing) - Funding towards the cost of employing a specialist children and young people's practitioner (CYPP) to work with whole families who have experienced abuse including sexual violence, children sexual abuse, exploitation, rape, on-line abuse and domestic violence in West Cumbria.

Cumberland Council – Award of contract and allocation of funds to enable the Authority to meet its Statutory Duty in respect of Domestic Abuse Supported Accommodation- DASA/ housing related therapeutic support for Cumberland Council area.

Francis C Scott Charitable Trust - To support the costs of early intervention / prevention work Tier 1&2 - a grant of £72,600 over 3 years.

Edward Gosling Foundation - a grant of £25,000 towards your operating costs.

Together we (Cumbria) – Complex cases across project / spot purchase agreement.

Masonic Charitable Foundation – 60,000 over 3 years towards the employment of a Children and Young People's Practitioner, providing specialist recovery support to those who have experienced sexual or domestic abuse.

NHS North East & North Cumbria Integrated Care Board (the ICB) - The Recipient provides therapeutic support services for victims of sexual assault within North Cumbria.

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Safety Net (UK)

Notes to the Financial Statements for the Year Ended 31 March 2024

......... continued

NHS North East & North Cumbria Integrated Care Board (the ICB) - The Recipient will be working with women and children residing in Cumbria who are seeking Asylum who have been subject to abuse, sexual abuse rape and or exploitation, either in their home country or on their journey to the UK.

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Safety Net (UK)

Notes to the Financial Statements for the Year Ended 31 March 2024

......... continued

Prior period

General Funds Unrestricted income fund Restricted Funds Children in Need Garfield Weston Big Lottery Fund Ministry of Justice Rape Support Cumbria Police and Crime Commissioner Copeland Community Fund Safety Net Fund The Henry Smith Charity CCF/ Sellafield Family Wellbeing Cumbria County Council/COMF/DLUHC Francis C Scott Charitable Trust Small grants under £5,000 Edward Gosling Foundation Survivor Journey Research National Lottery Community Fund	At 1 April 2022 £ 141,110 - 25,000 - - 68,550 - 43,943 - - 73,538 4,502 8,370 5,000 20,500 - 249,403 390,513	Incoming resources £ 71,742 39,060 25,000 20,000 263,065 176,086 42,864 - 80,000 34,280 27,493 - - 10,000 - 54,910 772,758 844,500	Resources expended £ (5,082) (34,540) (46,092) (20,000) (263,065) (172,414) (23,261) - (49,212) (34,280) (100,695) (525) - (9,047) 20,500 (54,910) (828,541) (833,623)	Transfers £ - - - - - - - 8,370 - - - - 8,370 - - - - -	At 31 March 2023 £ 207,770
					4,520 3,908 - - 72,222 19,603 52,313 30,788 - 336 3,977 - 5,953 - -
					193,620
					401,390

18 Transfers

The following transfers have been made from Unrestrcited funds to fund overspends on the restricted funds: Ministry of Justice Rape Support - £1,103 Francis C Scott Charitable Trust - £409 National Lottery Community Fund - £375

A transfer of £60,845 was made to Unrestricted funds from Cumbria Police and Crime Commissioner restricted fund. This funding has now ceased, final reports have been submitted to the funder who is satisfied all funding has been appropriately spent.

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Safety Net (UK)

Notes to the Financial Statements for the Year Ended 31 March 2024

......... continued

19 Net assets by fund

Tangible assets Current assets Creditors: Amounts falling due within one year Net assets Prior period	Unrestricted Funds £ 1,062 355,459 (34,843) 321,678	Restricted Funds £ 1,202 213,475 (81,600) 133,077	Total Funds 2024 £ 2,264 568,934 (116,443) 454,755	Total Funds 2023 £ 3,019 449,628 (51,257)
				401,390

Unrestricted Funds £ Tangible assets 1,416 Current assets 257,611 Creditors: Amounts falling due within one year (51,257) Net assets 207,770	Restricted Funds £ 1,603 192,017 - 193,620	Total Funds 2023 £ 3,019 449,628 (51,257) 401,390	Total Funds 2022 £ 4,025 427,326 (40,838)
			390,513

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