OpenCharities

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2022-03-31-accounts

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The objects ofthe CIO are the prevention
or relief
ofpoverty among
people
living
in the Borough ofSpelthorne
who are
homeless
or at risk of
Summary ofthe objects ofthe
charity set out in its
governing
document
becoming
homeless,
by providing
and assisting
in the provision
of
housing
advice, support
and practical assistances
and by such other
means as the Trustees
may in their absolute discretion
think fit.
Briefstatement ofthe
charity's
policy on reserves
The Charity has placed f42,398 in a ring-fenced
fund as a precaution
against any future claims on the bond fund. This represents
the Bonds
granted
in the last six months K15,023 plus staff costs off27,375to meet
our redundancy
and holiday pay obligations
plus three months
salary for
one member ofstaff to wind down operations
ifour funding sources
ceased. This amount
is checked on a quarterly
basis.
Details ofany funds materially
in deficit
None
Further financial
review details
(Optional
information)
You may choose to include
additional
information,
where
relevant
about:
~
the charity's
principal
sources offunds (including
any fundraising);
The Charity is funded
by grants from Spelthorne
Borough Council with
whom we have an extremely
good working
relationship.
We have also
been fortunate
enough to have received a significant
3-year grant from
the National
Lottery Community
Fund which started on 1 October 2018
and ran until 20 September 2021, assistance
from Surrey County
Council, The Mount Trust and other smaller donations.
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how expenditure
has
supported
the key objectives
ofthe charity;
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investment
policy and
objectives including
any
ethical investment
policy
adopted.
We have recently applied for continuation
funding
from the National
Lottery for a five-year grant which
will enable us to continue to focus
more time and resource to individuals
with complex needs.
It is also
hoped that we will be able to offer a guaranteed
rental for a house of
multiple
occupancy
which would enable us to have closer working
with
our clients to ensure we can adapt the accommodation
to more closely
meet their individual
needs. Without this additional
funding
we will need
to seek additional
funding
elsewhere
or begin to scale back our
o erations.
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Our finances have been impacted
by Covid 19,fund raising has been harder over the last 2 years and we
anticipate that many local businesses
will not be in a position to make donations
in the short to medium
term.
We are also concerned
that ifthere are significant
local job losses or a post covid recession we will
see an increase
in clients seeking help and potentially
needing
guarantee
bonds.
We have already seen a
significant
increase
in clients requiring
our assistance
and the number ofclaims during 2020/21 and
2021/22.

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SPelthorne
Renstart
Ltd
Receipts and payments
SPelthorne
Renstart
Ltd
Receipts and payments
SPelthorne
Renstart
Ltd
Receipts and payments
SPelthorne
Renstart
Ltd
Receipts and payments
SPelthorne
Renstart
Ltd
Receipts and payments
SPelthorne
Renstart
Ltd
Receipts and payments
SPelthorne
Renstart
Ltd
Receipts and payments
accounts accounts CC&ea
For the period
from
01/04/2021 To 31/03/2022
'
~ ~ . ~ ~.
Unrestricted
funds
Restricted
funds
Endowment
funds
Total funds Last year
to the nearest
5
to the nearest 6 to the nearest r. tothe nearest 5 to the nearest 5
A1 Receipts
Spelthorne
BC
55,000 40,000
National
Lottery
26,697
CAF 5,000
Mount Tru8t 2,000 2000 3,000
Commuity
Fund
5„000
Surrey County Council 12,000 12,000
DWP Kickstart 2,441 2,441
Donationa 1,056 1.056 6,214
Sub total (Gross income for
AR)
72,497 26,6$7 85,911
A2 Asset and investment sales
(see table).
A3 Payments
Tul al~~~~~no)
Wages 52,883 21.809 74,692 73,122
Pension costs 3,402 1,403 4,805 4,805
Bond Payout 3,165 3,165 1,335
Rent in advance Paid 26,019 8,673 34,692 28,427
Rent in advance Repaid 26,196 8,732 34,927
Insurance 1,076 1,076 2,153 2,086
Travel 1,505 1,505 3,010 1,069
Training 172 172 418
Printing
and stationery
34 34 67 31
Telephone 509 1,018 1,149
Miscellaneous 63 63 127 87
IT 1,840 2,462 4,303 3,420
Consultancy 856 1,713
Sessional Workers 40
Sub total - ss,ter 2$,531 94,989 88,634
A4 Asset and Investment
urchases see table
Sub total
Total payments - 65,15r - 2s,s31 - - 9A989 - ss,s34
Net ofreceiptsf(paymentsj 7,340 3,1 4,205 2.723
AS Transfers between funds 3,582 3,582
A6 Cash funds last year end 33,680 54,900 88,580 91,303
Cash funds this year end 44,50 48,184 92,785 88,580
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Unrestricted Restricted Endowment
Categories Details funds tunds funds
to nearest 6 to nearest 6 to nearest 6
B1Cash funds 44,602 46,164
Total cash funds 44,802 48,184
(egree balances with receipts end payments
ecccltllt(s))
Unrestricted Restricted Endowment
funds funds funds
Details to nearest 6 to neamst 6 to neatest 6
B2Other monetary assets
Fund towhich Current value
Details asset be(on o tlonal
B3Investment assets
Details Fund towhich
asset baton s
Cost (opbonal) Current value
o tional
B4Assets retained for the
charity's own use
Fund to which Amount due When due
Details liabili
relates
o (lone( o tlonal
B5Liabilities
Signed by one or two trustees on
behalf of ell the trustees
(yt Signature
-A~a&
Print Name
LInO(
HO)~ha (
Date of
a
royal