REGISTERED CHARITYNUMBER: 1165317 ort ol the fru5tees and Unattdlted Finan¢ial Slalem¢nls for the Year Ended 31 DeEembeT 2023 Slmon on the Streets
Simon on the Stie8ls Cont&nl I Ih Financial Stalemenls th mb&r Page Reteience and Admintstialive Details Report of the TT41Stees 2 to 6 Independent Exarniner'$ Rep¢yt st&tem6nl of Financi81 Activities Balance Sheel Notes lo the Financial Statem8nls io to 15
Simon on thg Streets Reference 2nd Admlnlslrallve Delalls ar Ended 31 December 2023 TRUSTEES C Wright E Fraser A Beaumonl M Prenton (Resigned 30104120241 L Jon85-Row8 L Liddle C Brown REGISTERED OFFICE Sulle 18 and 2A Crown House 94 Armley Rts8d Le8ds LS12 2EJ REGISTERED CHARITY NUMBER 1165317 INDEPENDENT EXAMINER Evelyn Partners ILeedsl Limited 3rd Floor 56 We511nglon Street LEed5 Wesl Yorkshire LS1 2EE Page 1
Simon on the Str88ts Re ort ol the Trustees for the Year Ended 31 December 2023 REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY ANO ITS TRUSTEES SimoR On the Streets (Charity nurnber 1165317, th8 Charity") 18 a Charitable Incofporated Organisalion I'CIO'I. The Charity was originally founded in January 1999. ThÈ main offic8 is locat8d at Suit8 1B 8nd 2A Crown Hous6, 94 Armley Rd, Leeds, LSt2 2EJ. Trust8eS The trustees that setved Ihlough the year were as lollows.. Charlotte Wrlght. Trustee Emma Fraser- Trustee & Secretary Lynn8 Liddle- Truste& & Co Chair Mlke Prenlon- Trustee (Reslgned 30 Aprll 2¢Y241 Leo Jone5 Rowe- Tiustee & Co Chair Anni9 Beaurnont- Trusl8Q Colin Brown- Trustee & Treasurer PUBLIC BENEFIT STATEMENT The truslees have reviewed th& ¢harity's obje¢liv&s and aims and ¢onfirm that Ihoso ar¢ idcnlifiably for Ihe public ben8fil as required by th8 Chaiily Cotnfflission. This benefit pr8dotninalltly falls within the recognised charilable purpose ol.. the pventIOn or relief ol poverty Further public bfjn?fit 1$ achieved to a lesser extent IR the work carrled out by the charity lo achieve the abDve Ihrough the following recognised ¢harilable purtx>ses'. the adVanMent of health or the saving ol lives the advanc¢rnent of ollzènship or community development the 8dvanc6m8nt of hutnan righ15. conlllcl resolutlon or reeoncilialion or the promolSon ol lIgiouS or facial harmony or equality and div8rsily the r61ief of fhose in need, by $orn of youth, age.111-heallh, disability, financial h8rdship or other disadvantage The VIeW has identilied no delrimgnl or harm caused by th8 work of thg Charity. All polgntial risks of this nature are onilored and 5tep5 taken lo minitnise them through the charlty's policies and procedu. The slI0n ol the public that benefit Iroffl the charitys aclivities is set out in the'objedives and adivilies, 5eclion ol Ihi5 repori. OBJECTIVES AND ACTIVITIES Charlty Vl$lon and Mission We are an Sndependent charily whose Vision is 'Providing hope lo tho88 wilhoul a voic8" and our £ore ffli85ion is "To off8f unlimited etnotional and piactie81 support lor homeless and vulnerable people lo enable them lo achieve Ihgir goals." Wc havc beon supporting thos8 rough sleeping, sofa surfing 8nd at fÉsk of ho¥n8lessnes5 in Leeds and Bradford lor over 20 years. Support wlthout Tlrne Llmlts r otrer of emotional and pra¢ll¢al support is not time limited and means their work can bg 1oik)rgd to tho individual for as long as that peison need5. whether th15 be 5UPPOrt around ac¢essing a¢¢ommodalion, linking lftlo primary heallhcare lor thgir physi¢al and ment81 health or working with 8ddiction services or specialists in trauma informed care. Wo receive no 81alulory funding, with 811 our income coming from publlc or corporate donations. Thi5 independent funding tneans Ih8t we can Ilex our servlce delivery lo meet the needs ol every Indivldual we ongage with, in whal8ver foim and however long that tnay lake. Page 2
Ssmon on (he Slre8ls R8 ort ol the Trustees for the Yoar Ended 31 Decernber 2023 Worklng In partnershlp We work a range of p8ople with cofflplfjx n89ds, from those rough sleeping to sola Surfing and th059 vulnerably housed. We work in a p&rson-cenlr8d way. 8slabli8hing thg w8nls and n@ed8 of th& elien15 and working wlth them lo achieve their goa15. On a practi1 Ipvel we work with housing options learns and other commissioned Servic88 8crosg the diff6rent local areas to try and support clients into emergency and long-term attommodation th th& approprial wrap around support. Our mlsslon is to provide support lo tse people in our communily who are often ¥xclud8d from. or who iefuse, the int8rv8nlion of other servic8s, with a view to ernpower them to chango Ihelr lives. We provlde practical and emolional support lo those who are rough sleeping or vulnerably housed. We work c108ely with those complex cllents who have lallen through the gaps ol other seNices or lost lallh and trust in commissioned provid8rs. Wg have 89en an incre858 in 'hidden homeles5, those who are sofa-5urfing 01 liwng in squats, whorn are tsllen ¢llents wilh 'No Recourse lo Public Funds, INRPFI and vi¢lim8 of modern-day slavery and human trafficking. We work closely with expert agenci25 such as Plope lor Justice and other stakeholders lo provide wraparotsftd support. Our work Is done an oulrea¢h basis. mainly on Ihe street bul also, wh8n possiblelnecessary. within other seN(ces and in lempurary and 9meroenry dccommodallon provislon. We also work closely with the day sh8118rs in 88ch of the areas W9 Operate to engag8 with 8ervic@ users,. work closely w*lh the counc41 houslny teams as well as the commissioned drug and alcohol services., wilh th8 medical 8nd mental heatth t8ams operalillg in sUPPOrt of homeless people a4)d, when possible, with the various benefit oifi¢es. Our work aims to.. o Engage wilh hard-to-reach Indithduals o Remove key b3rriers to fyngagemgnt o Build rel3lion5hip5 based on trust and olf¢r appropriato support o Support cli&nls manage the changes they w411 expersence o Omer pr2etic&l support around the specifi¢ issues laced Our work is conducted In the folkjwing manner.. o Unconditional.. we provide a wlol ¢onn8¢lion for Ihose who hav& nowhere else to IuTll. Dlfeiing 50tneone to lo lor unccnrjilional SLJPPDrt. o Empathy.. we are 8 group of p8opl8 who will show Interest in them In a iespectlul, tolerant, empalhdlc manner aimgd at empowgrlng Ihpm to Improve theSr sell-image and begin lo think about mtking p08ilive change5 in thetr lives. but we ask lor nothing in reluin. o Ernpowering.. we takg a person-c8ntred approach, focusing on cli8nls' thoughts And deslres, Ihelr asplralions, and their regrets, which Is the key lo the kind of sglf-refleclion thal is necossary for any kind of b8h8vioura1 change that will havo a real chance ol suco5S. )5t people who fil lh¢ abo crileita 1118{ the motivat for positive change.. workers will never allow this to be a barrier to engagement and will always seek lo bulld Ihls motivatlon. The chaiily re¢ognises Ihat positive change will 0ft8n b8 slow lo athieve and commits lo ensurino that al limes ol slow change I no change it will not allow eHorts lo decrease. Page 3
Simon on th¢ Slreels Re ort ol thè Trustees rur Iho Yo 1De 2023 ACTIVITIES AND ACHIEVEMENTS Prior5tles for the year Simon on the Streets had the lollowng key alms lor 2023.. Employee Egagement Recruilmenl Fundraislng Strklegy Employee Engagemenl We recogni5e that our p80ple aT8 our tnost irnport8nt assots. Se8mingly, th8 charity has b6en viewed as a stepplng stone for staff to gain experience and rnove onlo bigger oigani5alions, lypically foi grealei remune¥alioTr. We have been able lo complete an up to dale benchmarking exercise lo VIeW salarles across the organisaln and ensuie that we ar8 as compelilive as we Can be th the funds we have available. We have also rnèl with the team to get Iheir input inlo ways In whlch we can supwrt engagtrment oulslde ol salaries alone. To thi5 End we will be looking at a number ol initiative5 tha¢ have arisen from that meeting that were put lomard by th8 team. We have also recently undetlaken our firs( S18ff Survey. Recrultmant After loslng a number ol staff in 2022 we wlshed lo gel the charily back lo a lull ¢omNement so thal it can $8tlsfy ils charitable objeolives. Thls inc1wled filling the following six vacancies.. l. A Fundiaising Manager 2. Two Outreach team members in Bradford 3. Two Outreach teatll rnetnbers in Leeds 4. Volunteer Coordinator role In April 2023 we were 5uwe551ul al recrulling into the Fundraislng posillon wilh a Senior Fundraiser post. This has been a strong appolntmenl and WÈ have seen a huge increase in Fundraislng Activity as a result of Ihss role. It was b8¢ausg ol Ihe wx)rk ol the Senbr Fundraiser that wo r&vi&wad the vacancies we required and d8cided thal lo develop our Fundtalslng further we would need the lollowlThJ'. 1. Fundraising Assistant Ipart lim&) 2. Communily Fundraiser 3. MaikBling and Comtnunicalion8 Officer Ilo r8plac8 th8 Volunteer Coordinator) We Tr¢ruited into the Fundraising Assislanl role in O¢tober 2023 and lh8 Marketing and C¢xllms Officer role in Decomber. The CommubIY Fundraising role has not been li#ed. We had a lurbul&nl y88r wlh the recruitment ol Qulrea¢h workers. W8 have found it diH*cu1t to recruil staff wlh the ne¢essary skills for Ihls demanding role. Only in early 2024 did w2 manage Io gel lo a full complement of slaft. and the challenge to altract and taIrt staff is ongoing. Fundralslng Slralegy As an Independènl charity, fundraising offers Ihe lifeblood requi¥ed to provlde the vital servlcesll supplies. By prioritisino fundraising we hope to b8 able lo bring stability to t1 chafily and ensure it r8rnain8 8elf-Suffient over Ihe long terffl. The ablllty for us to do Ihis 15 Clearly hinged on.. The rectuilffleTrl ol an Effective Fundraising Manager land, in IhE longer IErrTr, a fundrai5iry l¥aml- and li. The Iruslees successfully scrullnislng and agfÈelrNJ the draft Fundraising Strategy To thls end. we have dèveloped a Fundr#ising Sub Group to monllor the lundraisirKJ strategy agreed at the start of the y8ar. As discussed above In the recruilmenl Section. we have successfully recruSted a Senior Fu1raIsEr and FUraIsing Assistant and ar8 In the process of 588king lo appoint a Community FundrJis8r. We have made slgnillcanl progress In resolving the status ol our 5 lor 5 partners. These are businesses who supporl the ¢harity by committing lo donate by £51X> every year for 5 years. Page 4
Simon on the Streets ort ol the Trustee for Ihe Year Ended 31 December 2023 ving into 2024 we h8ve developed 8 morg robust 3ys¢ern ol stewardship arbd invoicing processes wlth over 20 businesses now cMmitted and donating. S18yvardship of exi81ing and n8w 8UPPOrt8rs has been 8 priorily for th8 new Senior Fundraiser and we are already seeing an In¢rease in support as result of this, particularly with our Cortx)rate Social 8venls which have gone frotn Stn9th lo strength. W8 ondecl the year wilh anoth&r successful Big Sleep Out Event. Matching what was raised last ye8r with le55 numbers participating. The media interest in the evgnl due to thg weather on Ihe evgning gave the sleep out a real boD5t iri tprtn5 of raislng the profile ant5 we bellevè Ihls wlll glve us a good platform lor next year's event. 11 is clear that Ihe experience Bnd knowledoe Ihe new Senior Fundraiser brings lo the organisalion will support us in our $ndeavours lo develop and dlverslfy our Income nexl year. Flnènclal posltlon The fin8nciB1 ye#r ended 31 December 2023 was a strong yeai from an income perspe¢tive. Incomo rorr]gingd largoly conslslont lo 2022, lalling by only 4%. Donations and legacies remain Ihe most significant and mportaftt source ol income at £266,026, represenllng almost 60¢kn 01 income. Almost £60,000 of thes8 donations wgro frotn mernbers of the local cotnmunily who comrnil to donating on a regular b35iS. Thls Income includes signllScant funds Irom the many SnsOrerf 8venl$ anil activities undertaken by our committed supporter5, 8 large proportion of which are sporting eveTFts. This year 8150 bpnefited by £7,734 01 lftveslmenl income, due to new high inlgrest savings account5. Grant5 iecesved from private CDmpanles and governm•nt bodies are also significant in delivering our $8rvic8s 8t 8t £163,206 which repre5eni 37Yv ol income. again ien)aining coftsistenl Ifom the previous year, where Ihls proportion sat at 380h of lotal income. oespi the current economle elirnalè a light eonlrol has been held on costs, meaning the $t$ lell for the period by 5%. Therefore. the nel resu11 for 2023 was a surplus of income Over 8XP8n(filur6 of £35,430, whieh Is an Increase on the prior year where the surplus was £31.601. At Ihe year end the unfeslricled cash balance Wd5 £270,183, with an Bddition81 restricted balance of £40.316. This is 8 healthy position and within our larg9l rang8. comfortably covering our monthly running costs whilst tnaintsining rese¢$. This ensures we are able to move Into 2024 wllh confidee Ihal we Can securely fund our activities and deliver the support lo the setViCE Users as planned. STRUCTURE, GOVERNANCEAND MANAGEMENT Governing document Th& Charity is governed in line with its coTrslilulion adopted on 9th May 2016. The declslon-maklng process within the Charity is based on Irustees making all decisions ol a strategic. con51ilvlional and any oth81 'majorf n81ure. Th8s8 decisions ar8 mad8 following debale and recommendatlons ol the Chief Execulive Offic&r I'CEO'I. Natalie Motan joined the Ch8rity as the CEO in May 2020. All éecision5 on th¢ day-to-day iunnlng ol the organisalioTI arg Ihg responsibility ol Ihg CEO. Any Truslep deasion5 tnay be lakEll eithEr". al a meeting of the charily l(usle8s'. or by resolutioft In wdting or electronic form agreed by all ol the ¢harity trustees. which rnay cornprise either a single doc(Frn8nt or s8v8ral docutn8nls eonlaining the text of the resolullon In Ilke form lo each ol which one or rnore charity Iru$tees ha8 signrIed their agreem&nt Membership of lh8 Clo-. The members olthe CIO shall be its charity trustees for Ihg lirne bging. Thg only person5 eligible to be members ol the GIO are Ils Charity trustees. Membership ol Ihg CIO ¢8nnot b8 Ir8n8lerred to anyone else. Any member and charily l¥u$lee who ceases lo bp a charity trusteè automatically ceases lo be a member ol the CIO. Page S
Slmon on the Streets Report of the Trustees the Year Ended 31 DÈce FUTURE PLANS Wlth an ever-increaslng need lor our seN[S in our current geographical areas. our locus wlll be Irying to service that demand rather than to expand to new areas. Whllst Leeds u)nllnues to take the majority of our resource, w& also hop8 to d8liv81 incr8as8d and sustained support to th8 B18dford area. In terms ol fundralsSng, we move into 2024 in a poslllve poli0n wllh solld foundallor¥s to build on and diversify our itOMe stream. Through the addition of a new and experienced Senior Fundraiser and plan5 to recruit into the Communily Fundraiser role we hope 10 9row our income across all our revenue streams. We know Ihal the ¢urrenl econornlc climate Is diffi¢ull and Ih¢reltsre expanding our corporate cuslomer base wll b8 k8y next ygar, We ar8 alroady seging growth 8cros8 our S k)r 5 8nd Charily of th& Year Partneiships whieh will sland us in good stèad for 2024. Th8r8 81so n8eds to be more focus on Bids 8nd Gr8Trls and wlh th8 addilion of some Volunteer expprtise in this field we hope to be able to replace some ol Ihe larger bids and grant inrne that has come la an end thls year. Approved by order of ihe board of trustees on 27th August 2024 and slgned on ils behalf by- C Brown- Truste Page 6
Inde endenl Examiner's Re Simon on tho Slrccts orl tD the Trustees ol Ind8p8nd8llt examinor's rèport to the Irustaès of Simon on tha Slreet$ {'Ihe Comparby'l I repoEI lo th& charily Iruslees on my examlnallon ol the accounts ol Ihe Company lor Ihe year ended 31 December 2023. Responsibililios and basls ot report As the charity's Iruslees ol the Company land also ils diie¢lors lor Ihe purposes ol company lawl you are responsible for the prq)aration ol thè accounts in accordance with th& reqLJiremenls ol Ihe Companies Acl 20061'lhe 2006 Acl'l. Having salislied mysdl (hal the a¢¢ounls ol the Company are not required lo be audited under Parl 16 01 ihe 2006 A and are eligibl& lor Independent examination, I report In resped ol my examination ol you¥ eharilys accounts as carried out under Secllon 145 01 the Charili6s Act 2011 Ilhe 2011 Acl'l. In carrying out my examinalion I have followed Ihe Dlreclions g(ven by the Cha¥lly Commlssion under Seclion 145151 Ibl ol the 2011 Act. Independenl examiner'5 slalement Since your charily's gross incotTre exceeded £250,000 your examlnèr must b? a Member ol a listed body. I can confirm thai i am qualified lo undertake Ihe examination because l am a mÈmb@r ol the Institute ol Chartered Aecounlanls in England and Wales, whlch Is one ol th& Ilsled bodies. I have comploled my examinalion. I conliim Ihal no mallers have come lo my allenlion in conneclion with the 9xarllinalion giving mè cause lo believe.. aceounling records were Not kept in respecl ol the C()mpany a8 required by Se¢llon 386 ol the 2006 Act., or the accounls do iiol accord wilh Ihose records.. or the accounts do not comply wilh the accoullling requiremonls ol Soclion 396 01 Ihe 2006 Acl other Ihan any requirement that Ihe accounts give a true and lair view wl)ich is not a maller ¢onsid8red as parl ol an independent examination- or Ihe accounts have not been prepared in accordan¢8 with the melhods and prin¢iFAes ol Ihe Slalemenl of Recommended Praclice lor accounting and reporling by chaiilies (applicable lo Chaiilles preparlng their accounls In accordance wilh Ihe Financial Reporfing Standard applicable in Ihe UK and Republic ol Iroland IFRS 10211. I have no concerns and have come across no other matters in connectn with the examlnalion to whl¢h aiienllon should be drawn in Ihis report in order lo enable a proper underslanding ol the accounls lo be reached. Matthew Barton BA IHonsl FCA CTA (Senior Slalutory Auditor) Th6 Instilul@ ol Chartered Accounlanls in England and Wales Evelyn Parlners (Lecflsl Limiled 3rd floor 56 Wellinglon Slreel Leeds Wèsi Yorkshlre LS12EE Dalg.. 17 September 2024 Page 7
Simon on the Streets Statomont ol Financial ActlI1eS foi the Year Ended 31 December 2023 2023 Total lunds 2022 Tot81 funds UnresliKled lund Resliicted fund Notes INCOME AND ENDOWMENTS FROM Doiidlion5 anEI lega¢ies Charitable aelivitiès Olher trading aclivi118S Inv8slment In¢ome 266.026 5,750 9.165 7.734 266,026 163.208 9.165 274,675 175,400 13.645 157,456 Total 288.675 157,456 446 131 463.720 EXPENL)ITURE ON Raising lunds Chaiitable activities 75,461 75,461 335,240 43,318 388,801 157.456 Total 253,245 157,456 410,701 432,119 NET INCOMEIIEXPENDITUREI 35,430 35,430 31.601 RECONCILIATION OF FUND5 Total funds brought forward 255.581 255,561 223.980 TOTAL FUNDS CARRIED FORWARD 291.011 291,011 255.581 Tha notes form part of these financial slalemenls Page B
Slmon on the stets Balan Sheet fj DÈtpmber 202 2023 Total lunds 2022 Total funds Unrestricted fund Reslract8d fund Notes FIXEO ASSETS Tangl9 assets 4.320 4,320 2.423 CURRENT ASSETS Debtois Cash at bank and in hand 10 24,135 270,183 24.135 310,499 19,560 296,891 40,316 294,318 40,316 334,634 316.451 CREDITORS Amounts falling du6 Wilb one ygar 17,6271 140,3161 147,9431 163,2931 NET CURRENT ASSETS 286.691 286.691 253,158 TOTAL ASSETS LESS CURRENT LIABILITIES 291.011 291,011 255,581 NET ASSETS 291,011 291.011 FUNDS Unreslri¢led lunds 12 291011 255,581 TOTAL FUNDS 291,011 255,581 The8e financial slalements have been prepared in a¢cord8nce with the provisions applicabb to ch8ritable companies subj8cI lo th8 sfflall compani88 r8gitn8. The financial statements were approved by Ihe Board ol Trustees and aulhorisecl for issue on 27 Augu8l 2024 and were sne on ils behall by". A 8eaumont- TrEF5tee C Brown- Trustee The notes form part of these financial slalemenls Page 9
SSmon on the Streets Note5 to tho Financial St8lemfjnts r the Yèar Ended 31 December 2023 GENERAL INFORMATION Simn on thè Streets Trs a ch8rily Incorporaled in England and W81es al Suite 18 and 2A, Crown HSe. 94 Amiley Road. Leeds, LS12 2EJ und8r charity registgred number 1165317. ACCOUNTING POLICIES Basis of preparing thg flnancial $lat8ments The linancial statements ol the ¢harliabl$ Company, which Is a publ1¢ benefit enllly under FRS 102,have been prepared in aE¢Drdance with the chalIeS SORP IFRS 1021 'AEcounting and Reporting by Charities- Slatement of R8commgnded Practice applicablg to chariligs preparing Ihfyir accounts in 8ccord8n¢8 with tha Financial Reporting Standard applicable in th& UK 8nd Republic ol Ireland IFRS 1021 letfective 1 Janu2ry 20191., Financi81 Reporting Stdndaffl 102 'The Financlal RepDrting Slandaid applicable in the LIK and Republi¢ ol Ireland. and Ihe Charities Act 2011. The financlal statements have been prered under the historlcal cost conventlon. Golng con¢em The financial statemènts have been prepared on a golng concem basi5. Th6 Trusteès have revlewed and considered r&levanl infoimation in rnakiw Iheir assesstnent. G*ven the measures that could be undertaken to mitigala the crn1 adverse conditions, and the current resources available. the Trustees have concluded that they can wntinue lo adopt the going concern basis In preparlno the annual report and a¢counls. Income All income Is iecogni5ed in thB Statement of Financial Aclivities Dnce the charity has entilletnenl tts the funds, It is prcbable that the inccme will be ieceived atKI IhB amount can be measured ieliably. For legacies. enlillemenl is taken as the earlièr of th2 dale on which either.. the cornpany is aware Ihat probate has been granted, the eslale has been linalised and notification has been made by the exe¢utorls} to Ihe Trust th&t 8 distribution will b6 mad8, or wh8n a distribution is recoived from the 8stale. Rec8ipl of a legacy, in whole or in part. is only consid8red probabl8 when the amount can be m8asur8d reliably and th8 comp8ny has been notified ol the execuloi's intention lo make a dislribulion. Where legacies have been nolilied lo Ihe ¢ompany. or Ihe company is aware of the oranting of probate, and the criteria for Income recognillon have not been mel, then the legacy is treated as a conling8nt 88sel and disclosed if mateii81. Donated serv4ces or facS1itles are recognised when the company has control over the Item. any conditions associated wilh the donated item have bepn fflel, the receipt of economic bpnefil Irotn the use ol Ihe ¢ornpany of the item 18 probable and that economic bgnefil Can b8 wgasvr8d rg1i8bly. In acwrdance ryth Ihg Charities SOPtP IFRS 1021. the general vduntepi time of the volunteers is nol recognised and ¥efer lo Ihe Trustees, port for more information about their contrlbution. Expenditu Liabilities are recognised as expendlture as soon as there Is a legal or ¢onslruclive oblig8lion c(ynmilllng the eharily lo that expendilure, il 15 probabl& that a transfer of economlo benefits wlll be requireLI In selllemenl and the amount ol the ob5igation can be rneasured r8liably. Expendilure is accounted lor on an accrusls basis at has been ¢18ssified under headings that agoregate all c05l r8laled lo the category. Where costs cannot be dI¢11Y allilbuted lo partlcular headings Ih8y have been allocated to aclivllies on a basls conslslent wllh the use of re50urcB5. Fvndralsing cosis In¢ludes all expenditure Incurfed by the charity lo ralse funds for its charitable purposes. It nclude5 the costs ol fund ralsing activities, event5 and non-chaiilable trading aclivilie5. Charitable acliviliÈs iticludes 811 costs incurred by Ihe charity in undetlaknng aelivilies that further ils charitable alm for the bene15t ol the beneficlaries, Including support costs and $1$ relatlng loo tsie governancg of the charity apportioned lo charitable activiligs. All expendIlU is inclusive of ircOverable VAT. Grant oHererS subject to Conditions whkh have not been mel al the year end datg are noted as a commilm8nt but not accrupd as expendiluie. The noles form part of these financial statements Page 10
Simon on the Streets Notes lo the Financial Statements- continued Lr Ihe Year Ended 31 D8cemb8r 2023 ACCOUNTING POLICIES . contlnued Tangible fixed assets Tangible fixed assets are Carried al ¢osl, net ol depreciati( and any provision for impairm9nt. Depfeciation is provided at rates caleulaled lo write off the cost of fixed assets. less Iheir estimated residual valu8, ov8r their 8XP8Ct8d uselul lives on th8 following bas88'. Computer equipment orrice equipment 3 yèars 3 yBars Taxallon The charity is exetnpl Irorn corporation tax on ils charitalE aclivilie5. Fund a¢countlng Unreslricled lunds be used In accordan with thg ¢harilable oble¢lives at the dlscrolion of th& Irust888. Raslri¢ted fllnds can or*ly be usgd for particulaf r&slricted purpos8s wlhin the objects of Ihe charily. Reslrictlons afise when specified by the donor or when funds are raised for pgrli¢ular reslri¢led purposes. Further gxplanalion of th8 nature and purpose o18ach fvnd is Iflded in the notes to th8 financial s18ternenls. Pension costs an(1 other post.retirement b8n•fltS The charilable cornpany opeiales a defined conliibulion pen&on schetne. Contribution5 payable to Ihe trharilable company's pension scheme are charged lo the Statement ol Finan¢ial Activities in the period to which they relate. Debtors Short terrn dgbtors are measur8d at Ir8ns8clion prioe, less any impairment. Gash and eagh equlvalertts Cash is ropresettted by cash in harKI and deposits with financial institutions repayable withou¢ penalty on nolice of not more Ihan 24 hours. Ca8h equivalents are highly liquid investm8nl8 that fflatur8 in no more than three months from the date ol acquisltion and that are readily convertiblg to k¥K)wn amoun18 of ¢8sh wilh insignifKanl risk of chang8 in value. Credltois Short terffl creditor5 are measurèd al the Ir8nsactlon prl¢e. Fun¢(lonal and pre$entollon currency The ¢ompanVs lun¢litsnal and presenlatlonal CUrncY Is GBP 1£), OTHER TRADING ACTIVITIES 2023 2022 Fundraislng events 9,165 13.645 Page 11
Simon on the Streets Notes to the Financial Slatemènts- conllnued lor tho Year Ende 31D Tnber 2023 INVESTMENT INCOME 2023 2022 Inleiest raceivable 7,734 NET INCOMEIIEXPENDITUREI Net incomellexpendituiel 15 518ted after chErg1ngllcd[Iin9y'. 202J 2022 Depre¢iation - owned assets 2,256 1,497 YRUSTEES. REMUNERATION AND BENEFITS There w8re no Irusl8$s' remuneration or other benefits for the year ended 31 DeC)ber2023 nor lor the y8ar ended 31 De¢pmbÈr 2022. T¥ustees' exp8n$85 2023 2022 Trusteès. expeSe5 13 During 2023 no trustees had expenses reimbursed. In 2022 on9 trustee had travel costs reimbursed. STAFF COSTS 2023 2022 Wag88 and s818ri8S Soci81 $8curity wsts Other pension costs 237.634 15.462 5,248 255,270 15,713 258 344 276.565 The average monthly number of employees durin9 Ihe year was as follow8.' 2023 2022 Total No employees received emolumgy)ts In gX¢85s of £60,000. Page 12
Simon on the Streets Notes to the Financial Statements- continued for th8 Year Ended 31 December 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unre8tiicled tijnd R85tricted lund Tot81 funds INCOME AND ENDOWMENTS FROM Donations and legaciès 274,675 274,675 Charitable aclivitles 175,400 175,400 Other Iradlng activities 13,645 13.645 Total 288,320 175,400 463,720 EXPENDITURE ON Raising funds 43,318 43,318 Charitable aclimlies 213,401 175,400 388,801 Total 256.719 175.400 432,119 NET INCOME 31,801 31.601 RECONCILIATION OF FUNDS Total fund8 brought forward 223,980 223.980 TOTAL FUNDS CARRIED FORWARD 255,561 255.581 TANGIBLE FIXED ASSETS offl¢8 Equipment Compul8r equipment Totals COST At 1 January 2023 Addltlons 4,853 2,325 4,853 4,153 1,828 At 31 De¢ember 2023 1,828 7,178 9,006 DEPRECIATION Al 1 January 2023 Charge for year 2.430 2.053 2,430 2,256 203 Al 31 December 2023 203 4,483 4,686 NET BOOKVALUE At 31 Dembr 2023 1.625 2,695 4.320 At 31 December 2022 2,423 2.423 Page 13
Sirnon on th& Str@81s Nolos lo the Financial Statements- contlnued for th6 Y8ar Ended 31 08cernb8r 2023 qo. DEBTORS.. Amour$ FALLING DUE WITHIN ONE YEAR 2023 2022 Trade dgblors Other debtors Accrued incorne Prepayment8 500 1,887 6,350 15.398 14.154 5,405 24.135 19.560 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Tradfj ¢redilors AccFu8ls and deferr8d incotll8 6,427 41.516 3,435 59,858 47,943 63,293 12. MOVEMENT IN FUNDS Net movement In funds At 31112123 Al 111123 Unrestrlcted funds General fund 255,581 35.430 291.011 TOTAL FUNDS 255,581 35,430 291.011 Nel movement in lund5, includBd in the above are as follows.. Incoming resources Rosourcos expended Movement in lunds Unrestricted fund5 Genordl fund 288,675 1253,2451 35.430 Restflcted tunds Restricted fund 157.456 1157.4561 TOTAL FUNDS 446,131 410,7011 35,430 Comparatlves for movemenl In funds Nel fflOV8m8nl in lund$ At 31112r22 At 111122 Unrestrlcted funils General lund 223,980 31,601 255,581 TOTAL FUNDS 223,980 31,601 255,581 Page 14
Simon on the Slreels Notes lo the Fin8nci81 Statements- continued Ended 31 08cembor 2023 12. MOVEMENT IN FUNDS- continu8d Comparative net movemenl in funds, Indud0d in the abov8 are a$ follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 288.320 1256,7191 31,601 Rèstricted funds Reslricted lund 175.4(X) 1175,4001 TOTAL FUNDS 463,720 432 1191 31,601 13. RELATED PARTY DISCLOSURES The were no rel8tgd party Iransa¢llons for the year ended 31 De¢ember 2023. Page 15