rt ol the Tru ees and Unaudi ed Financial Siatemenls for the Year Ended 31 December 2020 Simon he Streets
Simon on the Streets
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 to 10 |
| Notes to the Financial Statements | 11 to 16 |
Simon on he Streets Reference and Administrative Details lor the Year Ended 31 December 2020 TRUSTEES L Lapish M Tolletson C Wright E Fraser A Beaumont M Prenlor) L Jones-Rowe L Preston REGISTERED OFFICE Suite 16C and 16D Crown House 94 Armley Road Leeds LS12 2EJ REGISTERED CHARITY NUMBER 1165317 INDEPENDENT EXAMINER Haines Watts Chartere(f Accountants Sterling House 1 Sheepscar Court Meanwood Fload Leeds Wesl Yorkshire LS7 28B Page 1
Simon the Streets Re ortof lor the Ye he Tnjslees r Ended 31 December 2020 REFERENCE AND ADMINISTRATIVE DETAILS OFTHE CHARITY AND rrsTRUSTEES Simon On the Streets (Charity number 1165317, the 'Chartlyl is a Charitable IncorpK)raled Oiganisalion I'CIO"). The Charity was originally founded in January 1999. The main office is located al Suite 16C and 16D Crown House. 94 Armley Rd, Leeds, LS12 2EJ. Trustees The Irustees that setved through the year were as Idlows-. Louise Lapish TTUStee & Chair Mall Tollelson - Trustee & Treasurei Charlolle Wright - Trustee Emma Fraser - Truslee & Secretary Lynne Preston Trustee Mike Prenlon - Tnjstee Leo Jones Rowe- Trustee Annie Beaumont- Trusloe PUBLIC BENEFIT STATEMENT The trustees have reviewed the charitls objectives and aims and confirm that these are idenliliably for the public benefit as required by the Charity Commi&8ion. This benefit predominanuy falls wlhin the recognised charitable PUfPK)se of.. the prevention or lelief of wverty Further public benelil is achieve(I lo a le&ser extent in the work carried oul by the charity to achieve the above through the following recognised charitable pur)ses. the athancement of heatth or the saving of Irves the athancemenl of citizenship or community deVelOent the advancemenl of human rights, conflict resolution or iecon(ilialion or the promotion ol religious or racial harmony or equality and dniersity the relief of those in need, by reason ol youth, age, ill-heahh. (Isabilily. financial hardship or other disadvantage The review has identified no delrimenl or harm caused by the wts of the charity. All potential risks of ihls nature are tnonitDred and steps taken to minimise them through the charity's policies and procedures. The section of the puNic that benefit from the charity's activities is sel out in the 'objectives and aclivi118s' seclion ol this report. OBJECTIVES AND ACTIVITIES The Charity's Objèctives are lo.. 11 prevelll and relieve hardship and need and distress amongst tho* who are horneless and rootless by the provision of practical and emotional supwrt. in particular but not exclugvely lo those who are sleeping rough or who are unwlling or unable lo accept existing provi&on- 21 educate the public concerning the problems of social isolation and homelessness. The aim lo achieve this recognises that this particular group ol 1ndvidu$ are difficult lo engage and therefore a specific approach is needed lo work wlh them ettectivety. This is sel out beloyr. A focus on Ihose who donl get a service from other agencies This is the main reason that our charity exists. The people who we support a often those who are excluded from, or who refuse the inlervenlion ol other seNices. This group of people are Dllen idenlitied by seNices as those who wll not achieve progress and they are Iherelore left unsupported. Page 2
Simon on the Streets Re ort ol the Trustees lor the Year Ended 31 mber 2020 Entirely Oulreach Based Service Our outreach based working practices break down barriers arKJ negates the need lor strict rules and reslriclions on service users. This results in a ffluch more user-lriendly service especially lor those who havc problems with authority and structure, which are major reasons lor inthvidJals being excluded from other agencies. Emotional support for its own sake (and the knock on eflects) Everybody who is Ihasl rough-sleeping has got lo a point where they feel there is no-one {or there is actually no-onel they can turn to. We provide a vital role ol being someone {as organisalion not illdividuallyl who they can turn lo. We are a group ol pe who wll show interest in them in a respectful, lolerallt, empalholic manner aimed at empK)wering them lo improve their self-image and begin to think aboul making positive changes in their lives, ixjl we ask for nothing in return. 11 is worthy ol mention that nD other organisalion sets out lo do this with our client group. For many people this kind ol relationship that cenlres on Ihem, their thoughts and desires, thei¥ aspiralions, Iheir regrets, is key lo the Wnd ol sell-rellection that is necessary before any kind of behaviour change wtll have any real chance of SUCssI Molivational work around accessing services The above points with the correct skills. knowledge and experie[e txrt us in the ideal pM)sition to Te-examine the relationships ol service users and services that have not been useful in the past. We can, through a combination ol good case and partnership work, enable service user5 to leach a point where they feel able to access the specialist support services, Ihey need. We can simullaneously work with agencies and support them in their work wilh the seNice use¥. Long-lerm nature ol the wo With all the above comes a recognilion that this is a firm commilrnenl to people that we wll continue to SLJPPOrt them until they have overcome their supwrt needs or are getting them sustainably mel elsewhere (either via formal or inlomial support nelworksl- There is also a recognition that people are diverse and therefore a specific timescale cannot be set lor this work. The charily wll keep working wth Feople until the job is done. Our charity's vision and mission statement remained hanged in 2020= 'Vlslon: Provlding hope to those wllhout a voice. 'Mission'. To offer unlimiled emotional and practical support for homeless and vulnerable people lo enable them to achieve their goals.. The aim of the charEty is to bring people leading solitary harmful INes. wth little or no vlsion for a better future in from the margins of society. The chaiily wll achieve this by supwrtirNJ people to lind aspirations and giving unlimited opportunities lo aclueve sustainable positive change. The support is ollered on an entirely outreach basis and is not time limited. The approach taken wTlh seryice users is lo recognise emotional support as a high value offering and lo underslan(J that builthng a quality relationship with service users will underpin any suprKJrl gThien. Most people who lit the at*)ve criteria wll lack Ihe motivation for wsilive change., workers 17 never allow this lo be a barrierlo engagement arKI will always seek lo tr11d this motivation. The chaiily recognises that positive change will olien be slow lo achieve and Ix>mmils lo ensuritKJ that at limes ol 0W change I no change il will not allow ellorts to decrease. Objectives for the year Simon on the Streets had several key aims for 2020: In(xease and develop partnership working Flevisit and renew the vison, mission and values of the organisalion Rebranding and increased partner I PLtblic awareness Meet the needs ol specific homdess client groups IhTough new project development Page 3
Simon on he Streets Re rt of the Tiustees lor the Ye r Ended 31 D embel 2020 Ensure the linancial stability of the organisalion through increased donor suprx)rt and successful fundraising activilles. ACTIVITIES AND ACHEIVEMENTS Increase and develop partnershlp W01ng Through strategic networking and planning the organi8ation increased and improved their relationships with many core delivery partners in Leeds, Bradford and Kirtdees. These partnerships have become mulli-benelicial with a joint end go& lo offer increased support and oplior)s lo our clionl group. The Rough Sleeper Initiative funding made available by Locd Govemmenl set RSI teams up in all 3 01 our delNer areas and we are lully inlegraled in their ddivery lo ensure we are working for a COTnmon goal. These partnerships have been very successlul wilh reductions in rough sleeping numLErs in all 3 areas. We continue lo pay a vita rote in SUPkK)rting partners across Leeds, Bradlord and Ki¥kTees. During Covid we were one ol the only organisations slill delivering front line outreach services and due lo the strong relationships, we have with partner agencies, were able lo provide essential links belween clients and other seNice provision e.g. addiction seNices. GP'S and mental hedlh SeN*S. Flevisit and renew the vision. mission and values of Ihe organisation As Simon on the Streets has developed as a Servi over the last 20 years Trustees led on the review of our vision, mission and values. Consullalion also look pla wilh 2 strategic team events. client invdvemenl and partner input. The new wording was released to the public al the Sots H¢)meless Seminar in November 2019. Vision.. Providng hope lo those wlhoul a voice Mission: To offer unlimited emotional and practical sUPtK)rt for hoffleless and vulnerable people lo enable them to achieve their goals. Values.. Empathetic- Non-Judgmenlal - Pasyonale- Prolessional Rebranding and increased partnerl public awareness To celebrate Sots 20th Anniversary we worked closely with the 'Fun Agency. a local PR I me(Ea design company, to look al rebranding and developing an infcKmalDie booklet to create awareness and promote our services lo the public and partners. We launched this ollioally al our successful 'Homeless Seminarf i November 2019 with speakers Ircxn local government. Rough Sleeper Initiative leam5 and 'Pixie' a CuStner volunteer explaining how Sois had supported her lo sutvive. Over 80 people allended with stalls delivered by partner agencies. We comtyeled the awareness day wlh a celebialory fund-raising event in the evening with x)pular locd band Hope and Social and over 200 attendees. Meet the needs of specifi¢ homeless client groups through new project development In Leeds we became aware in 2019 01 specific VUlnerae groups that were not beiry SUPFX)rted or engaging wilh partner agencies, these were EU migrants and women who were l are hidden homeless. The Leeds learn have developed excellent relationships wlh large numbers ol homeless EU migrants who had no recourse to public Inds. Unfortunately, due lo these indniiduals having NRPF no accomfflodalion 01 income was available. Through key partnerships wth LdS City Council. housing and the Street Support leam we contiTrue to re¢e4ve grant lullding that was Used to support Ihe EU accommodation project. The project started in September 2019 and was delivered in partnership with Engage Leeds, LATCH arKI Homeless Hampers. It providos accommcéalion lor EU tnigranls while Simon on the Streels supports them lo access ID, passports, benefits and a pjssible settled status application. LATCH supplies the property, Engage Leeds delwers extra housing support and Homele Hampers (k)nales food lo the lenanls. Over the last year we have Work wlh 75 clients who have No Recourse lo Public Funds. This piece ol work has grown organically over the last 2 years due lo a gap in service provision lor this client group in Leeds. We currently have two 2 bedr¢)omed houses in partnership with LATCH who have supplied the propErties. Page 4
Simon on the Stree Re rt ol the Trustees for the Year Ended 31 D ber 2020 We have secured lull eligibility slalus lor 37 ot Ihese dients and all 75 have now been moved on from emergency acc(Nnmodation lo temporary or peffnanenl accommc)dalion. 8 ot these clients have moved through our 2 properties which are now occupied with dienl's we have pported lo move on. Alter working with homeless and sola surfing women in Leeds we realised that many Y•¥Jmen miss out on outreach seNices and support as they are'hidden homeless. due lo concerns for their safely on the street and trauma impacting on their mental health. In 2019 we weie successful in receiving money Homeless Link and the Tampon lax via the Ending Wcxnen's Homelessness lund to employ an extra woiker in Leeds lor 18 months. This employee would work S[clI1¢IY wlh vK)men that are hidden homdess in Leeds, supportivg them lo access relevant services and moving into a sale environmenl. Key lo Ihis service delivery is the partnership with Sl Anne's fesource centre who are deliveriThJ the Sale Space hub lor won7en in Leeds. We have continued lo provide SUF4)Ort for women acces&ng the Sornewhere Safe lo Slay hub. However, Ihis 5-bed emergency provision increased during Ihe pandemic wlh a gender specific hotel sourced lor 22 women. We have continued lo work in partnership wih St Annes and olhergender specrfic agencies in Leeds lo support the increased number of women we saw as a result of the paryjemic i.e., women fleeing domestic violence, women with no recourse to public funds who's trash in hand work and accommodation disappeared overnight. Ensure the tinanclal stability of the organlsation through increased donor support and successful lundraising activities. Whilst 2020 has been a difficlt year lor all Charities, Simon on the Slreets has significantly benefited Irotn several one off grants and a nurnber of successful virtual fundraising events. The Charity did not ulilisè any furlough grant income as our slatt were considered key workers throughout the COVID pandemic. We recognise our slafl's hard work arKg the difficult situations they have found Ihemselves in ovw the past year and we wholeheartedly thank them lor their Contillu efforls and support 11 is hoped that some of the Charity's regular events will be able lo retum in 2021. to replace the grants that may not be received agwn during the following year. We tnust also give a huge thank you lo the one off and regular donations that we receive from Ihe public and corporate partners. These amounts raised are farrtasti¢ and a lileline lo our service now and in the luture Volunteers Due lo the pandemic, we were unable lo ulilise 0r volunleers lo support our weekly soup run. However, this provisiorn (tid continue and was provided by our Outreach Teatn. FINANCIAL REVIEW Financial posltion The financial year ended 31 December 2020 was anolher strong year from an income perspective, albeit this was supported by an increase in grants received. The total income lor the rIOd was £391,285, up c.19°/. year on year I'YOY") 12019: £330,042). The main source of income for the period, and the reason lor the growth in income against the prior year was an increase in donalions1£232k, up c.28Q/.l and trusts and grants 1£105k, up c.11 /.). OtheT inC(e Irom events from was dowr) c.31 V(Tr as a result of COVID, although the Charity did successfully mn a number ol virtual events to recover some of this shortldl. Many ol these virtual events will now remain on the Charity's annual tundrasing calendar. The costs lor the F{lod were £360,853 up c.25Q/. YOY12019- £287,6401- This significanl increase was due to investment spent on staff and the higher amoLJnls of restricted grant income spent on specific projects, for example the EU accommodation project. The prinapa cost within the charity remain direct colleague wages arKI a5socialed running costs. The nel overall position lor the year was a net contribution lo the charity 01 £30,412 down slightly compared to the nel contribulion of £42,402 in 2019, with the cash adding lo the overall reserve5 01 Ihe charity. Al the yea¥- erKI there was an unrestricted cash reseNes balance 01 £286.30512019.' £255,81 n which is more than 6 lime5 the monthly current running costs of the Charity. At the year-end the Charity is in a strong wsition, despite a difficult year in relation lo the Charity's regular events income. It is hoped that the new event and fundia1ng activities introduced in 2020 will ensure that the pipeline ol income opportullities wll sufficient to support the currerkl cost base whilst mainlasning adequate headroom in the cash reserves going forwards. Page 5
Simon oll the Streets Re ort ol the Trustees lor the Year Ended 31 December 2020 FUTURE PLANS During 2021 and beyond. the intention is to continue lo build on the income strategy and maintain support service levels as currently provided, although building in new fecurring events into the annual lundlaising calendar lo support future growth. Any further growlh linlo new geographies) will need added infraslruclLJre and Iherelore need sigllilicanl financial investment. The current econofflic dimate with reg3rds lo COVID-19 and the impact that this is having on the third sector means that growth is not something the charity will be actively largeling in the coming year. instead conlinuiThJ lo locus on delivering exceptional levels of service and longer term suslainabFlity. The long-term nature ol the sup5X)rt offered to Serv users means that ensuring the current workload is mantained is ol prime importan. During the year the Charsty strengthened ils position with a number ol core partnerships and hopes lo develop these further ill 2021. STFIUCTURE, GOVERNANCE AND MANAGEME Governing document The Charity is governed in line with its conslilulion adopted on 9th May 2016. The decision-making process wlhin the chartly is based on Iiu*ees making all decisior¢s of a strategic, constitutional and any oiher'majort nature. These decisions are made following debate and recammendalions of the Chief Executive Officer I"CEO"}. Natalie Moran joined the Charity as the CEO in May 2020. All derysions on the day-to-day running of the organisalion ale the respon&bilily ot Ihe CEO. Any Trustee decisions may be taken ef(her: al a meeting of ihe charity truslees. or by resolution in writing Dr declronic form agreed by all of the chartty Iruslees, which may comprise either a single document or several documenls containing the text of the resolution in like form lo each ol which one oi more charity trustees has signified their agreement Membership ol the CIO.. The memters ol the CIO shall its chartiy Injstees for the time being. The only persons eligible lo be members ol the CIO are its charity trustees. Membership ol the CIO cannot be transferred to anyone else. Any memtEr and ¢harily trustee who ceases to be a charily Injstee automatically ceases lo be a member of the CIO. Approved by order of the ty)ard of Iruslees on 6 July 2021 and Wgned on ils behalf by= M ToElefson - Trustee Page 6
Inde en enl Examinerfs Re Simon on he Streets rt lo the Trustees of Independent examiner's report lo the trustees of Simon on the Streets I'the Charity'> reFX)rt lo the charity trustees on Tny examination of the accounts of the Charity lor the year ended 31 December 2020. Responslbililies and basis of report As the charity's trustees ol the Charity you are resp)nsible for the preparation ol the accounts in accordance with the requirements of the Charities Act 2011 {'Ihe 2011 Act'}. Having salislied myself that the accounts of the Charity are not required lo be audited and are eligible lor independent examination, I report in respect ol my examination of your charity's accounts as carried out urKler section 145 01 Ihe Charities Act 2011 I'lhe 2011 Acl')- In cairying out my examination I have followed the Directions given by the Charity Gommission under section 145151 Ibl ol the 2011 Acl. Independent examiner's statement Since your charity's gross income exceeded £250:000 your examiner must be a memter ol a lisled body. I can confirm that l am qLialrfied to Uertake the exatninalion tkcause l am a registered member ol ICAEW which is one ol the listed bodies. I have comFleled my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Charity as required by section 130 01 the 2011 Act,. or Ihe accounts do not accord wlh those re(xsrds; or the accounts do not comply wilh the applicable requirements collceming the form and content ol accounts set out in the Charities (Accoullls ar Reports) Flegulalions 2008 other than any requirement that thè accounts gwe a Itue and lair view which is not a matter conwdered as part ol an independent examination., or the a¢¢ounts have not been prepared in accordance wth the methods ar7d principles ol the Statement ol Flec(ynmended Practice lor accounting and reFY)rtiro by charities (applicable to charities preparing their accounts in accordance with the Finanual Reportlng Standard applicabEe in the UK and Republic ol Ireland IFRS 10211. I have no concerns and have come across no other matters in COnnlI0n wlh the examination lo which allenlion shoukt be drawn in this report in order lo enable a proper understanding ol the accounts lo be reached. James Sutton BA (Honsl FCA ICAEW Haines Walls Chartered Accounlanls Sterling House 1 Sheepscar Court Meanwood Road Leeds Wesl Yorkshire LS7 2BB 10 August 2021 Page 7
Simon on the Stree Slalemenl ol Financial Activities lor the Year End 31 December 2020 2020 Total funds 2019 Total lunds as reslaled Unreslricled Restricted lund fund Noles INCOME AND ENDOWMENTS FROM Donations and legacies 231,887 231,887 203,651 Charitable activities Charitable activities 31,575 73,554 105,129 48,237 Other trading actniities 54.249 54,249 78,154 Total 317,711 73.554 391,265 330,042 EXPENDITURE ON Raising funds 245 245 14,571 Charitable activities Charitable a¢livilies 287.054 73,554 360,608 273,069 Total 287.299 73,554 360,853 287.640 NET INCOME 30.412 30,412 42,402 RECONCILIATION OF FUNDS Total funds brought loard 256.475 25S,475 214,073 TOTAL FUNDS CARRIED FORWARD 286,887 286,887 256.475 The noles IOTM part of these linanaal statements Page 8
Simon on the Streets Balance Sheet 31 December 2020 2020 Total funds 2019 Total funds as resta11 Unrestricted Flestricted fund Notes CURRENT ASSETS Debtors Cash al bank and in hand 1.017 286,305 1,017 356,159 658 297,175 69,854 287,322 69,854 357,176 297,833 CREDITORS Amounts falling due within one year {4351 169,8541 {70,2891 141,3581 NET CURRENT ASss 286,887 286.887 256,475 TOTAL ASSETS LESS CURRE LIABILITIES 286.887 286,887 256,475 NET ASSETS 286,887 286,887 256,475 FUNDS Unrestricted funds 10 286,887 TOTAL FUNDS 286,887 256,475 The Iruslees acknowledge their responsibilities lor lal ensuring that the charity keeps accounting records Ibl preparing financial slatemenls which gNe a Itue and lair view ol the stale ol aff air5 01 the charily as al the end ol each financial year ar ol its surpllts or detiryl lor each finanoal year. Tho financial statements were appToved by the Board of Trustees and authorised lor issue on 6 July 2021 and were signed on its behalf by.. A Beaumont - Trustee M Tollelson - Trustee The notes forrn part of these financial statements Page 9
Simon on the Streets Notes lo the FinartI Statements lor the Year ErKled 31 December 2020 GENEFIAL INFORMATION Simon on the Streets is a charity incorporated in England and Wales at Suite 16C and 16D, Crown House, 94 Armley Road, Leeds, LS12 2EJ undei company register1 number CE005270 and charity registered number 1165317. ACCOUNTING POLICIES Basls of preparing the linancial statements The financial slalements ol the charity, which is a public benefit enlily under FRS 102, have been prepared in accordance wlh the Charities SORP IFRS 1021 'Attounb'ng arml Reporting by Charities.. Statement ol RecommerKled Practice applicable lo charities prepartng their accouNts accordance wth the Finan(xal ReKK)rting Standard applicable in the UK and Republic ol Ireland IFRS 1021 leflertive 1 January 20191,, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK atKI ReputJic of Irand, and the Charities Act 2011. The financial slalemerrts have been prepaTed urKler the historical cost convenlion. COVID-19 The financial slalements have been prepared on a going con basis. The Trustees have reviewed and considered relevant information in making thr as*ssmenl. In particular, in response lo the COVID-19 pandemic, the Trustees have laken into account Ihe impact on the charity and possible scenarios brought on by the impact ol COVID-19. 0rjs1de Ihe measures Ihal they can lake lo miligale the impact. Based on these assessments, given the measures that could be undertaken lo ltIgate the current adverse condition5, and the ¢uirenl resources availaue, the Trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and accoullls. Inoome All income is recognised in the statnent of Financial Aclivilies once the chartly has enlillem8nl lo the funds, il is probable Ihat the income WTII be received arKI the amounl can measured reliably. For legacies, enlitlemenl is taken as the earfier of the dale on which either.. the charity is aware that probate has been granted, the estate has been linalised and notification has been made by Ihe execulorlsl lo the Trust thal a disliibution will be made, or when a distribution is received Ir(Jm the eslale. Receipt ol a legacy. in whole or in part. is only considered Pfobable when the amounl can be measured reliably and the company has en nolilicd ol tho executor's intention to make a distribution. Where legacies havo been nolilied lo Ihe charity. or the charily is aware ol the granling of piobale, arKI the criteria lor income reccxJnilion have not been met, then the legacy is liealed as a contingent asset and disclosed il materi. Donated services or lacxlilies are COgniSed when the charity has control over the item, any collditions associated with the donated item have trken mel, the receipt of economic benefit from the use ol the charity ol the iltyn is probable and thal economic benefit can be measured reliably. In accordance the Charilies SORP (FRS 1021.. the general volunteer lime ol the volunteers is not recognised and refer lo the Trustees, report for more information about their conlribulion. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or conslnjclive obligalior) committing the charity lo that expenditure, it is probable that a translei ol economic benefits will be required in selllement and Ihe atnounl of the obligation can be measured reliably. Expenditure is accounted lor on an accrLÉals basis and has been classilied under headings that aggregate all cost related lo the category. Where costs cannol be directly attritted to particular headings they have been allocated lo activities on a basis consistent th the use ot resources. Fundraising costs are those incurred in seeknng votunlary contributions and do not indude the costs of disseminating information in support of the charitable aclwilies. Supwrt costs are those costs incurred directly in support ol expendilLtre on the objects ol the corrtpany and include project management carried out at Leeds General Infirmary. Govemance costs are those incurred in connection wÉlh a(trninistralion ol the company and ¢pIlance with constitutional and statutory Page 10
Simon re Notes lo the Financial Statements - co lor the Year Ended 31 December 2020 nued ACCOUNTING POLICIES - continued Expenditure requirements. Costs ol generating funds are cosls incurred in attracb'rvJ vdunlary income. and those incurred in trading activ(ties that raise funds. Chaiilable actnitties are support costs and costs relating lo the governan of the company apportioned to charitable activities. All expenditure is indusive of itTe¢overable VAT. Grants offered subject to conditions which have not teen mel at Ihe year eThJ date are rted as a commitment t not accrued as expendf(ure. Taxatlon The charity is exempl from corporation tax on its charilable actWes. Fund accounting Unreslricled funds can be used in accordar wth the charitable objectives at the discretion ol the trustees. Reslricled lunds can only be used lor particular restricted purposes wtlhin the objects ol the charity. Fteslriclions arise when specitied by the donor or when funds are raised lor particular reslricled purposes. Further explanation ol Ihe nature and wrpose ol each fund is indud£xl in the noles lo the finanThal slatemenls. Pension costs and other post-retirement benefits The charity opeiales a defined con1T1ttiON pension scheme. Contributions payable lo the charities pension scheme are charged to the Slalemenl ol Financial AclThrities iri the period lo which they relate. Debtors Short term debtors are measured al transaction price. less any impaim18nl. Cash and cash equlvalents Cash is reprcsenled by cash in hand aThJ depo&ts with financial inslilutions repayable wlhoul penelly on notice ol not more than 24 h(iuis. Cash equivalents highly liquid investments that mature in no more than three months from the dale of acquisition arNY Ihal are readily convertiile lo known amounts of cash wth insignifan1 risk of change in vaue. Credilors Short term creditors are measured at the transaction pri. Funclional and presentation currency The company's functional arKI presentalional currency is GBP 1£). Page11
Simon nth Notes to the Financid Sta ements - continued lor the Year Ended 31 December 2020 OTHER TRADING ACTIVITIES 2020 2019 as restated Fundraising evenls 54,249 78,154 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees. ¥emuneialion or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019. Twstees, expenses There were no trustees, expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019. STAFF COSTS 2020 2019 as ieslaled Wages and SarleS Social security costs Other pension costs 197,896 11,279 2,832 180.104 12,252 212.007 195,860 The average monthly number of emFdoyees during the year was as follows.. 2020 2019 as restated Total io No employees received wftolumenls in ex¢ess of £60,(X)O. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Reslricled fund hjnd Tol funds as reslaled INCOME AND ENDOWftAENTS FROM Donations and legacies 203,651 203,651 Charitable activities Charitable activities 24,248 23,989 48.237 Other IradirvJ a(*ivities 78,154 78.154 Total 306,053 23,989 330,042 EXPENDrruRE ON Raising lunds 14.571 14,571 Page 12
h Streets Notes lo the Financial Statements - continued for the Year Ended 31 December 2020 COMPARATIVES FOR THE ST ATEMENT OF FINANCIAL ACTIVITIES- continued Unreslricled Ffeslricled fund fund Total funds as restated Charitable activitles Charitable aclivilies 249,080 23,989 273,069 Total 263,651 23,989 287,640 NET INCOME 42,402 42,402 RECONCILIATION OF FUNDS Total funds brought forward 214,073 214,073 TOTAL FUNDS CARRIED FORWARD 256,475 256,475 PRIOR YEAR ADJUSTME The 2019 figures have been reslaled due lo a reallwation Irom donations and legacies income to charitaEle actwities income ol the reslricled funds on the Statement of Financial Adniilies of £23.989. There is no impact on net funds from this adjustment. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 as reslaled Other debtors 1,017 658 CREDITORS: AmOUs FALLING DUE WITHIN ONE YEAFI 2020 2019 as reslaled Olher creditors Accruals and deferred inc(xne 435 69.854 41,358 70,289 41,358 Page 13
Simon on the Streets Notes to the Financial Slalemenls - con lor the Year Ended 31 December 2020 10. MOVEME IN FUNDS Nel movemenl in fUrS Al 31112120 At 111120 Unreslricled funds General fund 256.475 30.412 286,887 TOTAL FUNDS 256,475 30.412 286,887 Nel Moven1 in funds. induded in the aLxJve are as Idlows: Incoming resources Resources expended Movement in fLJnds Unrestricted funds Generd lund 317,711 1287.2991 30.412 Restricled funds Reslricled fund 73,554 {73,5541 TOTAL FUNDS 391,265 360,8921 30,373 Cornparatlves for movement in funds Net movement in funds Al 31112119 At 111119 Unrestricted lunds General fund 214,073 42,402 256,475 TOTAL FUNDS 214,073 42,402 256.475 ComparatNe nel movement in funds. induded in the alx)ve are as follows: Incoming resources Resources expended Movement in funds unStriCted funds General fund 306,053 1263,6511 42,402 Restricted tunds Flestricted fund 23,989 {23,989) TOTAL FUNDS 330.042 287,640) 42,402 Page 14
Simon on the Streels Notes lo the Financial Statements - conb. for the Year Ended 31 Dècember 202 11. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2020. Page 15