THE HARBGUR PROJECT For Swindon Refugees and Asylum Seekers Providlng a safe space for relugees and asylum seekers In SvAndon Charftable InCparated Orgunlsotlon Reg. charlty no- 1171368 8r MARCH I•
e Haibour Project Finontial Stolem&n fo< thè yèttr ended 3111 M¢Jrch 2024 Contents FINANCLAL sfATEMENTS FOR THE YEAR ENDED 318f MARCH Z4................... Conlents.......................................................................... Chairmon's Report....................................................................................................................... Trustees, Report...... . . Independent Examiner's Report .......................................................................................... statement of Finonciol Activities for the year ended 31 st Ivlarch 2024............................ Balance Sheet as at 31 $1 March 2024.................................................................-....-................ Notes to the financial stotements for Ihe year ended 31 st March 2024.. Accounting Policies......................................... Incoming resources......................................................................................................... Resources expended......................................................................... Anoly5is of restricted funds Net movement ol resources....................................................-......-......... . Taxation ............................................................................... 13 Tongible fixed ossets.......................... Debtors........... Credilors ........................................................................................ ReseNes.................................................
e Horbour Project Finonciol Slotaménls lor lh8 yeor ended 31TI Morch 2024 Chairman's Report The end of the period sow the Horbour Project in o healthy linoncial position. We secured mojor conlinuolion funding from key institutions like the Notionol Lottery Community Fund and from Swindon Borough Council in the previous year. During the last year we were delighled to learn that we had successfully secured o grant from the Lloyds Bank Foundotion of £75,OIJO over three yeors. We have also been successful with o number of opplicotions lor smoller amounts to fund specific octivities, meoning thot we hove o highly dD/ersified income bose. We 0150 SQW a three-fold increase in our income from fundraising ond private donations. This is o trajectory that we will pursue. However, il is important to stress Ihat we never lake our funders or our financial slobility for granted. We recognise the tremendous hord work ond commitment by our team required to 5UStoin our level of Resepies and retain a diversified income bose. The Lloyds funding also come with the opporlunity to occess free consultancy expertise which we used to review the working5 of the Trustee Boord. Our vice choir, Faisal Nawaf Mayed resigned his posl but we welcomed three new trustees., Farzin Rahmani-shirozi. Nabi Mohammed Duski and Gurpreet Niiiar. OLJr CEO of several years, Claire Gcsrrett. signolled her intention to Step down at the end ol the year in December. Tom Bain was appointed as her successor and will seNe os joint CEO until Cloire'5 deporture. In the period, hvo of the three town centre hotels housing asylum seekers were closed ol very short notice. We were onlicipoting a drop in Visitor numbers but people seeking asylum continue lo be settled in the town ond our numbers are still high with about 13ffl people losylum seekers and refugees) regislered with us and demond continues lo rise. At the time of wriling we hove been operating from our new premises at the Broodgreen Community Centre in Swindon since Jonuory 2023. This hos been on unqualified success. We have Ihe facililie5 to expand our offering, including educotion. women's octivilies. and a youth group as well as more spoce for odvice giving cjnd sociol mixing. The cosls ossocioted wth the new premises hove, ol course, increased but the benefits of being there significantly outweigh these considerations. Sadly, the 'hoslile environment, continues unoboted. The rush to 'cleor the bocklog, in 2023 produced high levels of homelessness in the town as people were forced lo leave their asylum occommodotion whether they received o positive or negotive decision. The 'Salety ol Rwanda, Act and the 'lllegal Immigration, Act odd to the stress levels ol our Visilors who ore oddilionolly burdened with Me prospect ol being sent to the 'Bibby Stockholm, or other detenlion cenlre. Problems are further exocerbated by the constant changes in the Home Otlice's policies and their approach lo processing asylum applicalions, compounded by the complexity of mony claims and the huge reduclions in Legol Aid ovoiloble in osylum coses. This puts additional strain on the team as we must conslantly re-evoluate where lo locus our resources to best support our Visito. We would olso like serious considerotion lo
The H¢rbou' Proiecl eilE lor the year Lndeiy J i.; March 2024 be given Ic allow people woiting lor their cases to be heord to work. This would not only give people purpose bLII reduce demonds on the Exchequer. We ore proud lo see the Horbour growing in strength ond seNing our community. We believe thot we ore successful in providing Support to vulneroble (Jnd often Iraumalised people and the feedback we get te5tilies to ."hot. We owe much to our dedicoted trustees, statF ond volunteers. David Rowlan Chai¥ ol Trustees September 2024
The Horbour Projecl Inancial Slalemenls for the year ended 3151 Moich 2024 Trustees, Report The Trustees present their report wilh the financial stotements for the year ended 31 st Morch 2024. Chorltable Objects l . To provide relief for asylum Seeke and refugees ond their dependents who ore in conditions of hordship of distress. 2. To preserie ond protect the physical and mental health ol such people. 3. To provide focilities for asylum seekers and refugees lor educolion. employment, volunteering. recreation or other leisure time occupofions with the object of improving their conditions of life ond assisting their inclusion into the wider community 4. To support the needs ol asylum seekers ond refugees with oppropriate inforniotion, advice and guidance. Charlty Informatlon Registered Chorify Nuniber.. 1171368 IEnglond and Wales) Registered Office.. The Harbour Project Broadgreen Community Centre Solisbury Street Swindon Wiltshire, SNI 2AN Bankers: Metro Bonk One Southampton Row London WCIV5HA CAF Bank 22 Kings Hill Avenue Kings Hill Wesl Moiling ME19 4JQ Trustees who seNed during the year.. David Rowlonds Hodizo Mahuta lon Robertson Faisal Nawaf Mayed - resigned 12th January 2024 Neda Kri5hnan Housam Al-Housami Mari Williams Emma Groham
The Horbovr Project Firhanciol Slatemenls lorlhe veor ende¢J 311r March 20?4 Farzin Rohmini-Shirazi- Appointeci 4th May 2023 Nobi Mohommed Duski- Appointed 281h July 2023 Gurpreet Singh NIor- Appointed 241h November 2023 Independent Exominer.. Robert Raynes 85 Priors Hill Wroughton Swindon Wilfshire, SN4 ORL Organisational Structure The charity is a CIO and is governed by a board of trustees. Reserves Poll¢y The trustees, policy is to hold reserves at on oppropriote level to continue core octivities for o minimum of six months and a maximum of 12, to allow lime lor seeking new gronl funding for staff posts and redundoncy costs arising in the event of funding not being renewed. Risk The Trustees give high priority to identifying and implementing effective arrangements to manoge risk. A Risk Register has been established and approved by the Board ol Trustees. It is kept under continuol review by the Trustees ond onv chonge5 01 risk ore reviewed ot each Trustees meeting. Financial risks associated with reducing income slreoms ore mitigoted by o lundroising slralegy Ihat allows lor diversification of income. Systems or procedures have been put in place lo diminish risk. ond these ore periodically reviewed to ensure their timeliness ond appropriateness. This rep roved by the trustees ond signed on their beholf by= David and Date
The Harbour Project Finonciol Slolem8nls lor Ihe y8or &nd&cJ 3111 March 24 Independent Examiner's Report I report on the accounts for the yeor ended 31 St March 2024 set on poges 8 to 16 for The Harbour Project Iregistered charity number 11713681. Responsibilities and ba515 of report As the charity's trustees, you are responsible for the preparolion ol the accounts in accordance with Ihe requirements of the Charities Act 2011 I the Act") I report in respect of my examination of the Trust's occounts carried out under section 145 of the 2011 Act ond in carrying out my examination. I hove followed all the applicable Directions given by the Chorify Commission under section 145151 Ibl if the Act. Independenl Examlner's Statement I have completed my examinotion. I confim Ihat no material matters hove come to my attention in connection with the examination which gives me cause to believe thot in, ony materiol respect.. The occounting records were not kept in accordance with seclion 130 of the Charitie5 Act-, or The accounts did not accord with the occounting records., or The accounts did not comply wilh the applicable requirements concerning the form and content of occounts sel out in the Charities (Accounts and Reportsl Regulotions 2CQ8 other than ony requirement thot the accounts give o 'lrue and foir, view which is not a matter considered as part of an independent examination. I have no concems and hove come across no olher matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding ol the accounts to be reoched. Signed: Dote: Nome.. Address- Robert Roynes Bridleway Cottage. 85 Prior's Hill, Wroughton, Swindon, Wiltshire SN4 ORL
The Hooovr Project Finonciol Slatém8nls for the yeor endeLI 3151 Morch 2024 statement of Financial Activities for the year ended 31 st March 2024 Unrestrlcled Funds Restrlcled Fund5 Total 2023 Income from Activities in furtherance ol horitoble objects Gronts & lundroising receivoble Donotions & legacies other income 13.815 283,465 297.280 44.394 274,414 63.307 44.394 5.796 7,452 5,796 7.452 1.220 Investment incorne 2,406 Total incomin resources 71,457 283.46S 354,922 341,347 Resource5 expended -56,076 -283,465 -339,541 -320,603 Nel movement ol resovrce5 15,381 15,381 20.744 The notes on pages l O 10 17 form part ol these occounls.
The Harvr Project Finonclol SloiÈmenls lor th& yr ended 3151 Morch 3)24 Balance Sheet as at 31 st March 2024 2024 2023 Tongble lixecl ossels Improvements lo leasehold ro 24.638 58.920 65.466 78,431 90.104 Current assets Cosh & cosh equivolents Debtors & prepayments 353.035 7.520 341.696 6.158 3&0,555 347,854 Less.. Current liabilities due wlhin one yeor Creditors & accruals 136.703 119.917 Net currenl 055ets 223.852 227.937 Nel ossels 302.483 318,041 Represented by.. Designoled funds Reslricled Funds Unreshicted funds 113.138 144.077 189.345 173,964 302.483 318.041 The notes on pages 10 to 17 form port ol these accounts. Approved by the trustees and signed on their behalf by.. Rowlands Dote 27.09 2&a
Yhe Horbou< Project Fiwnciol Slotemenls lorlhe veorended 31sr Morch 2024 Notes to the financial statements for the year ended 31 st March 2024 Accounting Policies Basis of accounting The linoncial statements have been prepared in accordance with applicable slondoid5 ond the Statement ol Recommended Practice.. Accounling and Reporting by Charities ISORP 20151 and the Chorilies Act 201 l. me finonciol 5totements hove been prepored on the occruals basis lor the charity continuing as a going concern. Incoming resources Incoming resources ore reported gross and ore included in the stotement of financiol activities when the chority is entitled to the income and omount con be qualified with reasonable accuracy. Grants receivable Grants received prior to the finoncial year ol their intended use ore shown os deferred income ond will be reporled as income in the financial year of their use. All other gronts are recognised when receivoble. Resmcted funds Restricted funds con only be used for porticulor restricled purposes within the objects of the chority. Restrictions orise when specified by the donor, when funds ore raised lor particular restricted purposes, or when restricted in their use by the Trustees Designated funds Designated funds were funds set oside Ilrom Unrestricted Funds) by Ihe Trustees explicitly for new premises or improvement of existing premises. A subslanlial amount was spent in 2022123 to allow the charity to move to new premises in Broadgreen Community Centre. Monies were spent on refurbishment ol the Broadgreen Communtly Centre, as well as new equipment to allow the chority to continue to provide its services in accordance with its Choritable Objects. A l O- yeor leose has been agreecl with the Landlord (South Swindon Parish Council). The COSts of refurbishment are to be depreciated over l O years. in line with the term of the lease, dr(Jwing down from the Designoted Reserves. The cost of the equipment 11 be depreciated in accordance with normal accounting policies. This extra depreciation will be covered by transfers from the Designated Resee5 to Unrestricted funds. Remaining Designoted Reserves wll be utilised over Ihe term ol the Leose to help meet increases in rent and other operating costs associated with the move lo new premises. As well as higher rent. the charitv Is now also responsible lor meeting costs such os energy, woter. heolth ond solely lesling, ond cleoning. It is not onticipated that the charity will need to retain Designoted Reserves once this fund is exhousted.
The Horbour Project Finon¢iol Slolemenis lor the year ended 31..r 2024 Unrestrlcted funds Are donaliorns and other income received or generoted to further ony ol the chorily s purposes, spent or applied ot the discretion o., the Iruslee5. ond ore ovoiloble lor use os general lunds ot the discretion of the Trustees. Governance and adminislration costs Governonce ond adminisi rolion costs of the chority relole lo the costs ol running the charity and includes any costs that cannol be specifically identified lo direct choriloble activities. Deprecialion ol tangible assets Tangible assets for use by the charily are slated at cost less depreciation. Depreciation is chorged al rates calculated to write oll the cost over their expected Useful live5 on the following bos15.' Office ond other fixed equipment is ccjpitolised vthere it hos a cost ol more than £500, and is deprecioted ot 20 Yo on o reducing bolonce bosis. Improvements lo leasehold property are depreciated on o l O yeor basis in line with the term of the leose of Broadgreen Community Centre.
The Homovr Pvoiecl Pjnar.CioI 5taleme?ts.-or year ended 31., Morch 2024 Incoming resources Unreslricled Reslrieted 2024 Grants & Fundraising Notionol Lottery Communiiy Fund Swindon Borough Council Lloyds Bonk Four,dotion Swindon Borough Council/DEFRA Nohorzal Benevalent Willshire Community Foundolion Zurich Community Trust Wiltshire Council A 8 Chariloble Trust Blagrave Trust ESFA Postcode Community Trus. Kingshill Trust The Fore Hilden Chariloble Trust Jock Lone Choritoble Trust Rolory Club WASP Shared Prosperity 8ris10l Low Centie Health Inequalities Willshire Wildlife Twsl Cossorollo Anonymous/olher gronts Fundroising 36.957 92,300 15.662 36.957 45,243 51,197 15,662 488 9.165 .021 2.175 9,165 30.021 2.175 6.022 6.822 4.0 15.000 20,263 4.192 3.331 18.000 7,4 1.315 20.307 20.307 11.292 11,292 ?,0 4,067 5,300 9.795 7.200 8.2 4,067 9.795 7.200 8.200 520 1.190 26,984 330 283,465 38.461 5,829 274.414 13.815 13,815 14.145 297,280 Donations & Legacies Gilts & Donolions 4.720 4.720 52.666 Gill Aid Donolions Gill Aid Received 5.120 34.564 44.404 5.786 7,452 13,238 71.457 5.120 34.564 44,404 5.786 5.634 5,007 63,307 1.220 2.406 3.624 ' 341,347 Olher income Interest received 13.238 354,922 Total in¢oming Tesource5 283.465
The Cour Project Finonciol Slolemenls for Ihe year endert 3151 March 2024 Resources expended Unreslrlcted Restricted 2024 2023 Dlreel Charitable expenses Stali Salary costs Rent Stall and volunteer trovel cos15 Printing. postoge and sfotionery IT and telephone Re oirs & Moinlenance Bank chor es Accountin and Insuronce Beneficiary cos15 Dues & Subscriptions Tuition & Classes Visilor Activih'es Po roll Costs Bookkee Trainin Cleoning and catering Publicity ond advertising Miscelloneous Fundraisin expenses Direct visitor costs De recialion h,, & heat Total 20,281 4.971 232,603 252.884 15.770 445 4.847 13.089 2.362 2.5C 310 195 4.515 1.386 228.108 i 9.CK)J 282 5.875 10.635 1.410 1.935 1,210 2.014 5,016 1,638 6.039 1,775 7.050 587 roles5ional lees 310 195 4.515 283 884 2.420 636 27,711 202 4,738 20.583 207 4.856 23.003 207 4.856 290 5,954 1.526 785 2.238 lees 290 3,ia3 1,471 436 2.238 2.851 55 349 3,759 309 301 1.400 1,210 517 3,045 320.603 413 419 56,074 413 1.702 339,541 1.283 283.465 Deslgnoled Resetves 2023 Direct Chorftoble expèfisès Cleanin and cotenn Rent Wosle collection Premises cleoner Repoirs & moinlenance IT ond telephone ht & heat Amortlsalion Depreciation Totol 371 5.4C 630 3.086 1.780 7.871 6,546 4.514 30,939 1,494 1.678 5,923 As stated obove on poge 10, on amount has been spent in respect ol odditionol costs thol have been incvrred by reason of the move to the Broadgreen Community Centre. The capital costs of this exercis& have been included in the Bolance Sheet and the direct revenue expenses incurred during the year have been wrillen off lo Designoted Reserrfes.
The Hcrboui Pi ciecl Fipontycl Stotem&nt5 lor thé yécr endad 3. . 2024 Analysis of restricted lund5 Donor Income received Resources expended Nolionol Lollery Community Fund Swindon Borough Council Lloyds Bank Foundolion Wiltshiie Community Foundation Wiit5nire Council Bloorove Trust T.e Fore Zurich Community Trust Jack Lane Choritable Trust Rotary Club WASP 36.957 92.3()J 15.662 9,165 2,175 20.307 11.292 30.021 92.300 l i,&62 9.165 20,307 11.292 30,021 2,000 4.067 5.300 9.795 7.2CKI 8.2 520 1.190 27.314 283.465 4,067 5,300 9.795 7.200 8,200 520 Shared Pr05perily Bristol Low Cenlre Healln Inequalitie5 Wiltshire Wildlife Trvsl Cassarollo Anonymouslother grants Total 27.314 283.465 Net movement of resovices The nel movement of funds lor this linoncial yeor is sloted ofter chorging.. Depreciation Depreciolion from Designated Reserves Amortisotion from Designated Reserves £413 £4,514 £6.546 Toxotion The Horbour Project, as a registered charity. obtains exemption from taxation under section 505 and section 256 Taxation of Chargeoble Gains Act 1992.
The Horbtsvi Proiècl inonciol S*oleme-. ts lor Ihe year ended 31 LI IAaTch 2024 Tangible fixed assets Cost As al I,-l A ril 2023 Addilion injeor Dis osals In ear As 0131 st Morch 2024 De reciution As al l A ril 2023 Char elor On dis osols As at 31 it March 2024 12.192 4.927 ear 17.119 Nel book volue A5 013151 Morch 2023 As at 31 st March 2024 24.638 19.711 Le05ehold Im rovements C05t Asot 151 A ri12023 ear 67.144 Addition in Dis 05015 in eor As at 31st March 2024 67,144 Amorlisation Asof151A Choi eloi On dis osals As at 3151 March 2024 ri12023 eor 1,678 6.546 8,224 Nel book volue As al 315t March 2023 As at 3151 Moich 2024 65.466 58,920
The HcloourP'oiect Finortticl Slolemértt5 lor thè yeor @nded 315-. IAarch 2024 Debtors 2024 2023 Accounls Receivoble other Debtors IncomA lax relund due on Gill Aid poyments Prepoymen15 340 1.533 1.392 2.8?3 6.158 316 2,572 1,679 7.520 CTeditors 2024 2023 4S,775 62,833 11,309 119.9T7 Grrjnl old received in odvcjnce, Anonymouslolher grants received in odvonce Other creditors 88.046 5.748 136.703 The following orgornisotions hove olreody advanced us funds in respect 012023-24. 2024 2023 Wiltshire Council lo rove Trust Swindon Borou h Council/DEFRA Zurich Cornmunit Trust Tne Fore Willshire Communil Foundation Rola Lloyds Foundotion 2,825 13.796 13.903 300 18.178 4,894 10.656 1.254 1.432 9,338 42.909 45,775
The H=Ibour Fi?iecl Fipianci-a slalerr.ents lortho year endec 31, .Morch 2024 Reserve5 2024 2023 Restricted reserves 05 ol April 2023 Transferred Itol / from unrestricted resewes Net income / lexpendilurel lor year Restslcled reserves as restated at 3151 March 2024 t)esignaled reserves os at l 81 April 2023 144,077 150.000 Transferred from I Itol unrestricted -30.939 -5.923 Net income / lexpendilurel lor year Designated reseNes as 0131 sl March 2024 113,138 144,077 Unre5tricled re5eNe5 a5 at 1st Apiil 2023 Transferred from I (lol reslricled reserves 173,964 153.220 Net income / lexpenditurel lor yeor Transferred to designatoJ hJnds 15.381 20.744 Unrestricted reserves at 31 It March 2024 189.345 173,964 Total reserves os Ot 315t Mar¢h 2024 302.483 318.041