Trustees’ Annual Report for the period
From 1 July 2020 to 30 June 2021
Charity name: New Beginnings Reading Charity registration number: 1172967
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The prevention or relief of poverty or financial hardship of persons in Reading who are in need due to social or economic reasons, regardless of their religion or belief, by providing warmth, food and other essential items, temporary short to midterm and overnight accommodation, and assisting individuals to access other long-term services designed to help them become self-sufficient. To promote social inclusion for the public benefit by preventing people in Reading from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society. For the purpose of this clause ‘socially excluded’ means being excluded from society, or parts of society, as a result of one or more of the following factors: Unemployment, financial hardship, ill health (mental or physical), substance abuse or dependency including alcohol or drugs, relationship and family breakdown, poor housing (that is housing that does not meet basic habitable standards), crime (either as a victim of crime or offender rehabilitating into society). |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Our main activities and who we try to help are described below. All our charitable activities focus on the prevention or relief of poverty or financial hardship of persons in Reading, and are undertaken to further our charitable purposes for the public benefit. Summary of the main activities undertaken for the public benefit: The All Night Cafe for rough sleepers, which started in November 2018, is Reading’s only instant access night shelter. Its aim is to offer a warm welcome to people who are street homeless on Friday and Saturday evenings for |
1
| the coldest months of the year. Guests are served a hot meal, enjoy conversation with each other and volunteers, have a safe place to sleep for the night and are given breakfast in the morning. There are also personal and clothes washing facilities. The Community Fridge also opened in 2018. It operates like a food bank but no referrals are needed and everyone is welcome. It is open on a Tuesday, Wednesday, Thursday and Friday every week all year long offering free food to those in need. Fresh, chilled and canned goods are available as well as a regular clothes and toiletries service. Advice and support is available to all service users from trained volunteers. The All Night Cafe continued to be disrupted in 2020/2021 due to the COVID-19 social-distancing restrictions as was the After School Cafe which was suspended from March 2020. During this reporting period, the Community Fridge was the only service able to operate. |
||
|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees have complied with their duty in Section 17 of the Charities Act 2011 to have paid due regard to the Charity Commission’s guidance on public benefit in deciding which activities the charity should undertake. |
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | New Beginnings Reading is not a grant making organisation. |
| Policy on social investment including program related investment |
Para 1.38 | Funds that are raised go back into operating the charity. |
| Contribution made by volunteers |
Para 1.38 | The charity has an excellent network of willing volunteers, involving over 2000 people since our inception in 2018. Currently we have 150 volunteers who work shifts providing the food, shelter, meeting and cafe activities. Volunteer roles include: ● Social media ● Volunteer administration ● Collecting surplus food ● Running the Community Fridge ● Fundraising |
2
● Bookkeeping Local companies, businesses, supermarkets, community groups, churches, universities, schools, other local charities and individuals have all contributed their time, energy, kindness, supplies and financial donations. The trustees and our guests are always extremely grateful for the support of volunteers and benefactors. Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | COVID-19 restrictions continued to impact our services in financial year 2020/2021. The All-Night Cafe, Community Cafe and After-School Cafe were suspended as a result of social distancing requirements. The charity increased its Community Fridge services (Food Bank). The weekly clothes, pre-owned school uniforms and toiletries service proved very popular. Both services are operated wholly by volunteers. The Community Fridge has approximately 60 attendees each time it opens, and including wider dependents, it benefits around 160 people each time. This is over 33,000 supportive interventions per year. It was a beacon of hope and support during COVID restrictions; guests were served from the front door in 2020/2021 to comply with social-distancing requirements. The Fridge is operated on average by 20 volunteers per week, working 28 shifts which includes collecting, sorting, storing, preparing and giving out food. One of our greatest achievements is bringing former service users on board as volunteers, a great way for them to come back into the community and give back to society. Our corporate donors continue to provide the means to operate the service, donating food, toiletries and other services. We resumed corporate volunteer days when social distancing rules permitted, keeping The Queens Arms maintained and improving facilities where possible, including our outside garden space. The charity continues to encourage financial donations, and operates various fundraising activities, including events and grant applications. New Beginnings Reading first paid member of |
3
staff, our Centre Manager, joined in February 2021. In 2020/21 New Beginnings Reading took on its first paid member of staff. The Centre Manager is responsible for registering and inducting volunteers, ensuring services are fully staffed and the caretaking of the Queens Arms. A survey of service users showed they were wholly positive about the service that is provided. Most service users live in Reading and visit the Community Fridge several days a week. Our Centre Manager tracks service usage aiming to make sure we are offering the most useful services for the community we serve.
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other | ||
4
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At 30 June 2021 New Beginnings Reading had £124,849 cash in the bank. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The target minimum Reserve Fund is equal to two months of average operations costs. The calculation of average monthly operating costs includes all recurring and predictable expenses. The calculation of average monthly expenses excludes some expenses, for example one time or unusual capital purchases. The amount of the Reserve Fund target minimum will be calculated each year after approval of the annual budget, reported to the Board of Trustees, and included in the regular financial reports. |
| Amount of reserves held | Para 1.22 | £16,000 |
| Reasons for holding zero reserves |
Para 1.22 | NA |
| Details of fund materially in deficit |
Para 1.24 | NA |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | NA |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Personal donations, grants and corporate sponsorship. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other | ||
5
Structure, Governance and Management
| Description of charity’s trusts: |
N/A | |
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | CIO Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Association Constitution |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Appointed by existing Trustees |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | Trustees and Centre Manager: Financial Policy and Procedures. All - Policies for Alcohol and Drugs, Anti-Bribery, Code of Conduct, Confidentiality and Boundaries, Conflict of Interest, Equal Opportunities, Health and Safety, Prevention of Violence, Safeguarding, Whistleblowing, Data Protection Trustees receive Constitution and a copy of the latest Annual Report and Accounts as part of their induction. |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other | ||
Reference and Administrative details
| Charity name | New Beginnings Reading |
|---|---|
| Other name the charity uses | NA |
| Registered charitynumber | 1172967 |
6
| Charity’s principal address | Queens Arms 24 Great Knollys Street Reading RG1 7HL |
|---|---|
7
Names of the charity trustees who manage the charity
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|
|---|---|---|---|---|
| 1 | Grace Gomez | Chairperson | ||
| 2 | Judith Brailli | Treasurer | Resigned 30 Oct 20 | |
| 3 | Sophie Kimber | Secretary | ||
| 4 | Kenneth Stent | |||
| 5 | PennyHajinicolas | Resigned 31 May21 | ||
| 6 | Lisa Philpott | |||
| 7 | Helen Grieves | Treasurer | Resigned 31 Jan 21 |
Corporate trustees – names of the directors at the date the report was approved Director name NA
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| NA | ||
8
Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
NA |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
NA |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
NA |
Additional information (optional) Names and addresses of advisers (Optional information)
| Additional information (optional) Names and addresses of advisers (Optional information) |
Additional information (optional) Names and addresses of advisers (Optional information) |
Additional information (optional) Names and addresses of advisers (Optional information) |
Additional information (optional) Names and addresses of advisers (Optional information) |
|---|---|---|---|
| Type of adviser Name Address |
|||
| Independ ent Examiner |
Kelly Willcox | 1 Peach Street, Wokingham, Berkshire RG40 1XJ | |
| Solicitor | DLA Piper LLP | ||
| Name of chief executive or names of senior staff members (Optional information) | |||
| In 2021, we recruited a Centre Manager, Nicole Novak (February 21- July 21), and in August 21 Louis Howard-Krelle, who is actively involved in all day-to-day management and operations of our services. |
In 2021, we recruited a Centre Manager, Nicole Novak (February 21- July 21), and in August 21 Louis Howard-Krelle, who is actively involved in all day-to-day management and operations of our services.
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
9
Declarations
| Declarations | Declarations | Declarations | Declarations | Declarations | Declarations | Declarations | Declarations |
|---|---|---|---|---|---|---|---|
| The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees |
|||||||
| Signature(s) | |||||||
| Full name(s) | Sophie Kimber | ||||||
| Position (eg Secretary, Chair, etc) |
Vice Chair | ||||||
| Date | 28/04/2022 |
10
Charity No. 1172967
End of Year Financial Statements
30 June 2021
Page 1
NEW BEGINNINGS READING
| Registered Charity: | Charity Number 1172967 |
|---|---|
| Registered Office: | Queens Arms |
| Great Knollys Street | |
| Reading | |
| RG1 7HL | |
| Website: | www.newbeginningsreading.org |
| Bankers: | Metro |
| Trustees: | Grace Gomez, Chairman |
| Judith Braili, Treasurer | |
| Sophie Kimber, Secretary | |
| Lisa Philpott | |
| Kenneth Stent | |
| Founder and CEO: | Grace Gomez |
Page 2
CHAIRMAN’S STATEMENT
This report was approved by the Board of Trustees and signed on its behalf by:
………………………………………………….. Sophie Kimber, Vice Chair
30/03/2022
…………………………………………………..
Date
Page 3
INDEPENDENT EXAMINER’S REPORT TO THE ACCOUNTS
Report to the Trustees of New Beginnings Reading (Charity Number 1172967) on the Accounts for the year ended 30 June 2021
Respective responsibilities of trustees and examiner:
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
§ examine the accounts under Section 145 of the Charities Act
-
§ follow the procedures laid down in the general directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act)
-
§ state whether particular matters have come to my attention
Basis of independent examiner’s statement
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 the 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
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
……………………………
Kelly Willcox (Msc, CGMA, ACMA), Claritas Accountancy Ltd
30 March 2022
……………………………
Date
Page 4
Statement of Financial Activities
| Statement of Financial Activities | |
|---|---|
| Unrestricted Restricted Endowment Total Prior year funds funds funds funds total funds |
|
| Income and endowments from: Donations and legacies Grants Other trading activities Other income Admin Transfers Total income and endowments: Expenditure on: Maintenance / Utilities Rent General Services Management and Administration Staff Marketing and Advertising Transfer Other Total expenditure: Gains / losses on investment assets Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains on revaluation, fixed assets, charity's own use Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Restricted Restricted fund |
65,611 1,000 — 7,000 — — 65,611 8,000 96,123 50,705 1,456 — — 1,456 3,192 990 2,318 — — — — — — — 990 2,318 — 680 6,242 4,170 |
| 71,375 7,000 — 78,375 161,112 28,661 30,000 — — — — 28,661 30,000 34,064 7,200 5,389 — — 5,389 5,967 314 5,737 110 — 8,628 — — — — — — — — — — 314 5,737 110 — 8,628 3,502 14,464 522 4,170 2,706 |
|
| 78,839 — — 78,839 72,595 — — — — — |
|
| (7,464) 7,000 — (464) 88,517 — — — — — — — — — — — — — — — |
|
| (7,464) 7,000 — (464) 88,517 |
|
| 88,904 32,110 — 121,014 32,497 |
|
| 81,440 39,110 — 120,550 121,014 81,440 — — 81,440 88,904 — 39,110 — 39,110 32,110 |
Page 5
Balance sheet
| Total funds Prioryear funds — — — — — 242 116,133 3,000 1,440 123,189 — — 120,573 123,431 23 2,417 120,550 121,014 120,550 121,014 120,550 121,014 81,440 88,904 39,110 32,110 120,550 121,014 |
|
|---|---|
| Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand Prepayments Credit Card Current liabilities Creditors Net current assets less current liabilities Total assets less current liabilities Total net assets less liabilities Represented by Unrestricted General fund Restricted Restricted fund Funds |
Page 6
Statement of assets and liabilities
| General Designated Restricted Endowment Thisyear Lastyear |
|
|---|---|
| Fixed assets - Tangible assets Totals Current assets - Cash at bank and in hand Bank Account - Current Totals Current assets - Debtors Accounts Receivable Prepayments Other Totals Current Liabilities Creditors Grand total |
— — — — — — |
| — — — — — — 116,133 — — — 116,133 123,189 |
|
| 116,133 — — — 116,133 123,189 — 3,000 1,440 — — — — — — — — — — 3,000 1,440 242 — — |
|
| 4,440 — — — 4,440 242 23 — — — 23 2,417 |
|
| 120,550 — — — 120,550 121,014 |
Fund movement by type
| Opening Incoming Outgoing Transfers Gains/losses Closing |
|
|---|---|
| Restricted - Restricted fund Restricted Sub-total for Restricted General - General fund Unrestricted Sub-total for General Grand total |
32,110 7,000 — — — 39,110 |
| 32,110 7,000 — — — 39,110 88,904 71,375 78,839 — — 81,440 |
|
| 88,904 71,375 78,839 — — 81,440 |
|
| 121,014 78,375 78,839 — — 120,550 |
Page 7
Notes to the Financial Statements
1. Accounting Policies
Basis of preparation
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at fair value.
The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: 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) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared on the historical cost convention, modified to include revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Incoming resources
Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that the income will be received.
Donations and grants are recognised once the charitable company has been notified of the donation or grant, unless performance conditions require deferral of the amount.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charitable company to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Costs of generating funds are those costs associated with attracting voluntary income.
Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with the governance of the charity and are primarily associated with constitutional and statutory requirements.
Support costs include central functions and have been allocated to activity costs categories consistent with the use of the resource.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Page 8
Restricted funds can only be used for particular restricted purposes within the objects of the conditions as set by the donors. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Cash and cash equivalents
Cash and cash equivalents include cash in hand.
Basic financial assets
Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of its operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using effective interest rate.
2. Other Trading Activities
| This year | Last year |
|---|---|
| 1,456 | 3,192 |
| 1,456 | 3,192 |
3. Trustees’ Remuneration and Benefits
There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the period ended 30 June 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2021 nor for the period ended 30 June 2020.
Page 9
4. Staff Costs
The average monthly number of employees during the year was as follows:
| This year | Last year |
|---|---|
| 1 | 0 |
| 1 | 0 |
No employees received emoluments in excess of £60,000.
5. Comparatives for the Statement of Financial Activities
| Unrestricted Restricted Endowment Total Prior year funds funds funds funds total funds |
|
|---|---|
| Income and endowments from: Donations and legacies Grants Other trading activities Other income Admin Transfers Total income and endowments: Expenditure on: Maintenance / Utilities Rent General Services Management and Administration Staff Marketing and Advertising Transfer Other Total expenditure: Gains / losses on investment assets Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains on revaluation, fixed assets, charity's own use Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Restricted Restricted fund |
65,611 1,000 — 7,000 — — 65,611 8,000 96,123 50,705 1,456 — — 1,456 3,192 990 2,318 — — — — — — — 990 2,318 — 680 6,242 4,170 |
| 71,375 7,000 — 78,375 161,112 28,661 30,000 — — — — 28,661 30,000 34,064 7,200 5,389 — — 5,389 5,967 314 5,737 110 — 8,628 — — — — — — — — — — 314 5,737 110 — 8,628 3,502 14,464 522 4,170 2,706 |
|
| 78,839 — — 78,839 72,595 — — — — — |
|
| (7,464) 7,000 — (464) 88,517 — — — — — — — — — — — — — — — |
|
| (7,464) 7,000 — (464) 88,517 |
|
| 88,904 32,110 — 121,014 32,497 |
|
| 81,440 39,110 — 120,550 121,014 81,440 — — 81,440 88,904 — 39,110 — 39,110 32,110 |
Page 10
6. Debtors: Amounts falling due within one year
| Reading Bike Kitchen 7. Creditors: Amounts falling due within one year Reading Bike Kitchen |
This year Last year — 242 |
|---|---|
| — 242 This year Last year 23 2,417 |
|
| 23 2,417 |
8. Leasing Agreements
There were no leasing agreements in the period.
9. Related Party Disclosures
There were no related party transactions for the year ended 30 June 2021.
10. Analysis of restricted fund movements
| Balance 1 July 2020 Resources Expended Transfers Balance 1 June 2021 |
Balance 1 July 2020 Resources Expended Transfers Balance 1 June 2021 |
|---|---|
| Bathroom Facilities All night café After school café / activities Community fridge Covid-19 Total |
6,182 23,811 — — — — — — 6,182 23,811 255 3,000 — — 3,255 1,862 — — 4,000 — — — — 1,862 4,000 |
| 32,110 7,000 — — 39,110 |
All restricted funds are to assist the charitable company in respect of the provision of services.
Coronavirus support relates to funding to assist the activities during the Covid-19 pandemic.
Page 11
Detailed Statement of Financial Activities for the Year Ended 30 June 2021
Analysis of income
Donations and legacies
| Reading Borough Council Lottery Fund Raising Donations & Events PAYPAL Schools Smile Charities Aid Foundation Total |
Total Unrestricted Designated Restricted Endowment This year Last year — — — 50,168 6,687 332 151 8,273 — — — — — — — — — — — — — — — — — — — — — — — — — — — 50,168 6,687 332 151 8,273 10,000 18,954 786 46,450 19,215 718 — — |
|---|---|
| 65,611 — — — 65,611 96,123 |
|
| Grants Reading Borough Council ASC Activities Misc for general activities Restricted Covid Total |
Total Unrestricted Designated Restricted Endowment This year Last year 1,000 — — — — — — — 3,000 — — 4,000 — — — — 4,000 — — 4,000 13,000 8,950 28,755 — |
| 1,000 — 7,000 — 8,000 50,705 |
Other trading activities
| Other trading activities | |
|---|---|
| Bike Kitchen Total |
Total Unrestricted Designated Restricted Endowment This year Last year 1,456 — — — 1,456 3,192 |
| 1,456 — — — 1,456 3,192 |
|
| Other income The Way Ministry Sadaka Total |
Total Unrestricted Designated Restricted Endowment This year Last year — — — — — 520 990 — — — 990 160 |
| 990 — — — 990 680 |
Page 12
Admin
| dmin | ||
|---|---|---|
| HMRC Refunds Total |
Total Unrestricted Designated Restricted Endowment This year Last year 2,318 — — — — — — — 2,318 — 5,902 340 |
|
| 2,318 — — — 2,318 6,242 |
Analysis of expenditure
Expenditure on Maintenance / Utilities
| Utilities Repairs and Maintenance Rent Materials & Equipment Insurance H&S Total |
Total Unrestricted Designated Restricted Endowment This year Last year 4,870 — — — 4,870 5,857 4,982 — — — 4,982 1,242 30,000 — — — 30,000 28,800 14,420 603 3,786 — — — — — — — — — 14,420 603 3,786 4,158 528 679 |
|---|---|
| 58,661 — — — 58,661 41,264 |
Expenditure on General Services
| After school café Food & Beverage Other Computer Expenses Total |
Total Unrestricted Designated Restricted Endowment This year Last year 3,794 — — — 3,794 2,616 36 — — — 36 1,033 622 937 — — — — — — 622 937 2,099 219 |
|---|---|
| 5,389 — — — 5,389 5,967 |
Expenditure on Management & Administration
| Professional Fees Administration Fees Other Total |
Total Unrestricted Designated Restricted Endowment This year Last year 314 — — — 314 1,628 — — — — — 966 — — — — — 908 |
|---|---|
| 314 — — — 314 3,502 |
Page 13
Other expenditure
| ther expenditure | |
|---|---|
| Staff Costs UK Marketing & Advertising Other Total |
Total Unrestricted Designated Restricted Endowment This year Last year 5,737 — — — 5,737 14,464 110 8,628 — — — — — — 110 8,628 522 2,706 |
| 14,475 — — — 14,475 17,692 |
Page 14
Charity No. 1172967
End of Year Financial Statements
30 June 2021
Page 1
NEW BEGINNINGS READING
| Registered Charity: | Charity Number 1172967 |
|---|---|
| Registered Office: | Queens Arms |
| Great Knollys Street | |
| Reading | |
| RG1 7HL | |
| Website: | www.newbeginningsreading.org |
| Bankers: | Metro |
| Trustees: | Grace Gomez, Chairman |
| Judith Braili, Treasurer | |
| Sophie Kimber, Secretary | |
| Lisa Philpott | |
| Kenneth Stent | |
| Founder and CEO: | Grace Gomez |
Page 2
CHAIRMAN’S STATEMENT
This report was approved by the Board of Trustees and signed on its behalf by:
………………………………………………….. Sophie Kimber, Vice Chair
30/03/2022
…………………………………………………..
Date
Page 3
INDEPENDENT EXAMINER’S REPORT TO THE ACCOUNTS
Report to the Trustees of New Beginnings Reading (Charity Number 1172967) on the Accounts for the year ended 30 June 2021
Respective responsibilities of trustees and examiner:
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
§ examine the accounts under Section 145 of the Charities Act
-
§ follow the procedures laid down in the general directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act)
-
§ state whether particular matters have come to my attention
Basis of independent examiner’s statement
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 the 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
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
……………………………
Kelly Willcox (Msc, CGMA, ACMA), Claritas Accountancy Ltd
30 March 2022
……………………………
Date
Page 4
Statement of Financial Activities
| Statement of Financial Activities | |
|---|---|
| Unrestricted Restricted Endowment Total Prior year funds funds funds funds total funds |
|
| Income and endowments from: Donations and legacies Grants Other trading activities Other income Admin Transfers Total income and endowments: Expenditure on: Maintenance / Utilities Rent General Services Management and Administration Staff Marketing and Advertising Transfer Other Total expenditure: Gains / losses on investment assets Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains on revaluation, fixed assets, charity's own use Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Restricted Restricted fund |
65,611 1,000 — 7,000 — — 65,611 8,000 96,123 50,705 1,456 — — 1,456 3,192 990 2,318 — — — — — — — 990 2,318 — 680 6,242 4,170 |
| 71,375 7,000 — 78,375 161,112 28,661 30,000 — — — — 28,661 30,000 34,064 7,200 5,389 — — 5,389 5,967 314 5,737 110 — 8,628 — — — — — — — — — — 314 5,737 110 — 8,628 3,502 14,464 522 4,170 2,706 |
|
| 78,839 — — 78,839 72,595 — — — — — |
|
| (7,464) 7,000 — (464) 88,517 — — — — — — — — — — — — — — — |
|
| (7,464) 7,000 — (464) 88,517 |
|
| 88,904 32,110 — 121,014 32,497 |
|
| 81,440 39,110 — 120,550 121,014 81,440 — — 81,440 88,904 — 39,110 — 39,110 32,110 |
Page 5
Balance sheet
| Total funds Prioryear funds — — — — — 242 116,133 3,000 1,440 123,189 — — 120,573 123,431 23 2,417 120,550 121,014 120,550 121,014 120,550 121,014 81,440 88,904 39,110 32,110 120,550 121,014 |
|
|---|---|
| Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand Prepayments Credit Card Current liabilities Creditors Net current assets less current liabilities Total assets less current liabilities Total net assets less liabilities Represented by Unrestricted General fund Restricted Restricted fund Funds |
Page 6
Statement of assets and liabilities
| General Designated Restricted Endowment Thisyear Lastyear |
|
|---|---|
| Fixed assets - Tangible assets Totals Current assets - Cash at bank and in hand Bank Account - Current Totals Current assets - Debtors Accounts Receivable Prepayments Other Totals Current Liabilities Creditors Grand total |
— — — — — — |
| — — — — — — 116,133 — — — 116,133 123,189 |
|
| 116,133 — — — 116,133 123,189 — 3,000 1,440 — — — — — — — — — — 3,000 1,440 242 — — |
|
| 4,440 — — — 4,440 242 23 — — — 23 2,417 |
|
| 120,550 — — — 120,550 121,014 |
Fund movement by type
| Opening Incoming Outgoing Transfers Gains/losses Closing |
|
|---|---|
| Restricted - Restricted fund Restricted Sub-total for Restricted General - General fund Unrestricted Sub-total for General Grand total |
32,110 7,000 — — — 39,110 |
| 32,110 7,000 — — — 39,110 88,904 71,375 78,839 — — 81,440 |
|
| 88,904 71,375 78,839 — — 81,440 |
|
| 121,014 78,375 78,839 — — 120,550 |
Page 7
Notes to the Financial Statements
1. Accounting Policies
Basis of preparation
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at fair value.
The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: 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) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared on the historical cost convention, modified to include revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Incoming resources
Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that the income will be received.
Donations and grants are recognised once the charitable company has been notified of the donation or grant, unless performance conditions require deferral of the amount.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charitable company to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Costs of generating funds are those costs associated with attracting voluntary income.
Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with the governance of the charity and are primarily associated with constitutional and statutory requirements.
Support costs include central functions and have been allocated to activity costs categories consistent with the use of the resource.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Page 8
Restricted funds can only be used for particular restricted purposes within the objects of the conditions as set by the donors. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Cash and cash equivalents
Cash and cash equivalents include cash in hand.
Basic financial assets
Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of its operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using effective interest rate.
2. Other Trading Activities
| This year | Last year |
|---|---|
| 1,456 | 3,192 |
| 1,456 | 3,192 |
3. Trustees’ Remuneration and Benefits
There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the period ended 30 June 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2021 nor for the period ended 30 June 2020.
Page 9
4. Staff Costs
The average monthly number of employees during the year was as follows:
| This year | Last year |
|---|---|
| 1 | 0 |
| 1 | 0 |
No employees received emoluments in excess of £60,000.
5. Comparatives for the Statement of Financial Activities
| Unrestricted Restricted Endowment Total Prior year funds funds funds funds total funds |
|
|---|---|
| Income and endowments from: Donations and legacies Grants Other trading activities Other income Admin Transfers Total income and endowments: Expenditure on: Maintenance / Utilities Rent General Services Management and Administration Staff Marketing and Advertising Transfer Other Total expenditure: Gains / losses on investment assets Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains on revaluation, fixed assets, charity's own use Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Restricted Restricted fund |
65,611 1,000 — 7,000 — — 65,611 8,000 96,123 50,705 1,456 — — 1,456 3,192 990 2,318 — — — — — — — 990 2,318 — 680 6,242 4,170 |
| 71,375 7,000 — 78,375 161,112 28,661 30,000 — — — — 28,661 30,000 34,064 7,200 5,389 — — 5,389 5,967 314 5,737 110 — 8,628 — — — — — — — — — — 314 5,737 110 — 8,628 3,502 14,464 522 4,170 2,706 |
|
| 78,839 — — 78,839 72,595 — — — — — |
|
| (7,464) 7,000 — (464) 88,517 — — — — — — — — — — — — — — — |
|
| (7,464) 7,000 — (464) 88,517 |
|
| 88,904 32,110 — 121,014 32,497 |
|
| 81,440 39,110 — 120,550 121,014 81,440 — — 81,440 88,904 — 39,110 — 39,110 32,110 |
Page 10
6. Debtors: Amounts falling due within one year
| Reading Bike Kitchen 7. Creditors: Amounts falling due within one year Reading Bike Kitchen |
This year Last year — 242 |
|---|---|
| — 242 This year Last year 23 2,417 |
|
| 23 2,417 |
8. Leasing Agreements
There were no leasing agreements in the period.
9. Related Party Disclosures
There were no related party transactions for the year ended 30 June 2021.
10. Analysis of restricted fund movements
| Balance 1 July 2020 Resources Expended Transfers Balance 1 June 2021 |
Balance 1 July 2020 Resources Expended Transfers Balance 1 June 2021 |
|---|---|
| Bathroom Facilities All night café After school café / activities Community fridge Covid-19 Total |
6,182 23,811 — — — — — — 6,182 23,811 255 3,000 — — 3,255 1,862 — — 4,000 — — — — 1,862 4,000 |
| 32,110 7,000 — — 39,110 |
All restricted funds are to assist the charitable company in respect of the provision of services.
Coronavirus support relates to funding to assist the activities during the Covid-19 pandemic.
Page 11
Detailed Statement of Financial Activities for the Year Ended 30 June 2021
Analysis of income
Donations and legacies
| Reading Borough Council Lottery Fund Raising Donations & Events PAYPAL Schools Smile Charities Aid Foundation Total |
Total Unrestricted Designated Restricted Endowment This year Last year — — — 50,168 6,687 332 151 8,273 — — — — — — — — — — — — — — — — — — — — — — — — — — — 50,168 6,687 332 151 8,273 10,000 18,954 786 46,450 19,215 718 — — |
|---|---|
| 65,611 — — — 65,611 96,123 |
|
| Grants Reading Borough Council ASC Activities Misc for general activities Restricted Covid Total |
Total Unrestricted Designated Restricted Endowment This year Last year 1,000 — — — — — — — 3,000 — — 4,000 — — — — 4,000 — — 4,000 13,000 8,950 28,755 — |
| 1,000 — 7,000 — 8,000 50,705 |
Other trading activities
| Other trading activities | |
|---|---|
| Bike Kitchen Total |
Total Unrestricted Designated Restricted Endowment This year Last year 1,456 — — — 1,456 3,192 |
| 1,456 — — — 1,456 3,192 |
|
| Other income The Way Ministry Sadaka Total |
Total Unrestricted Designated Restricted Endowment This year Last year — — — — — 520 990 — — — 990 160 |
| 990 — — — 990 680 |
Page 12
Admin
| dmin | ||
|---|---|---|
| HMRC Refunds Total |
Total Unrestricted Designated Restricted Endowment This year Last year 2,318 — — — — — — — 2,318 — 5,902 340 |
|
| 2,318 — — — 2,318 6,242 |
Analysis of expenditure
Expenditure on Maintenance / Utilities
| Utilities Repairs and Maintenance Rent Materials & Equipment Insurance H&S Total |
Total Unrestricted Designated Restricted Endowment This year Last year 4,870 — — — 4,870 5,857 4,982 — — — 4,982 1,242 30,000 — — — 30,000 28,800 14,420 603 3,786 — — — — — — — — — 14,420 603 3,786 4,158 528 679 |
|---|---|
| 58,661 — — — 58,661 41,264 |
Expenditure on General Services
| After school café Food & Beverage Other Computer Expenses Total |
Total Unrestricted Designated Restricted Endowment This year Last year 3,794 — — — 3,794 2,616 36 — — — 36 1,033 622 937 — — — — — — 622 937 2,099 219 |
|---|---|
| 5,389 — — — 5,389 5,967 |
Expenditure on Management & Administration
| Professional Fees Administration Fees Other Total |
Total Unrestricted Designated Restricted Endowment This year Last year 314 — — — 314 1,628 — — — — — 966 — — — — — 908 |
|---|---|
| 314 — — — 314 3,502 |
Page 13
Other expenditure
| ther expenditure | |
|---|---|
| Staff Costs UK Marketing & Advertising Other Total |
Total Unrestricted Designated Restricted Endowment This year Last year 5,737 — — — 5,737 14,464 110 8,628 — — — — — — 110 8,628 522 2,706 |
| 14,475 — — — 14,475 17,692 |
Page 14