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2024-04-30-accounts

Charity registration number 1178082

ONLY A PAVEMENT AWAY

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

ONLY A PAVEMENT AWAY

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees A P Sophoclides
G J Mangham
B Stackhouse
M P Wyatt
A H Hornby
F Eastwood
M Stanford
J Koo
P Pavli
M Stoker
S C Alton
E McClarkin
Charity number 1178082
Independent examiner Whitley Stimpson Limited
13 -15 High Street
Witney
Oxfordshire
OX28 6HW
Bankers Metro Bank Plc
1 Southhampton Row
London
WC1B 5HA

ONLY A PAVEMENT AWAY

CONTENTS

Page
Trustees' report 1 - 7
Independent examiner's report 8
Statement of financial activities 9 - 10
Balance sheet 11
Statement of cash flows 12
Notes to the financial statements 13 - 27

ONLY A PAVEMENT AWAY

TRUSTEES' REPORT FOR THE YEAR ENDED 30 APRIL 2024

The trustees present their annual report and financial statements for the year ended 30 April 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

Only A Pavement Away is a charity founded by representatives from the hospitality industry.

We have exceeded our objectives by placing cum 490 Members into work, training another 1,800 on our workshops, completing prison visits and holding recruitment fairs in charities. Our target for the year was 250 Members into work which we’ve achieved.

Only A Pavement Away will act as the conduit to help those who find themselves vulnerable and/or disadvantaged and are therefore struggling to get into work by:

The programme will help people facing or experiencing homelessness including those having to “sofa hop”, veterans, ex-offenders, and disengaged youngsters, many of whom face homelessness and crime.

It is important to stress that Only A Pavement Away is not a recruitment agency and focuses solely on helping

those on the project find work, whilst in some cases offering financial support.

The money raised by Only A Pavement Away will be used to support those returning to work, provide training and supplement the resources required by Only A Pavement Away partner organisations, to manage the project and promote the jobs available. Only A Pavement Away will have partners that purely fund the project and operating partners who offer employment.

Outside of the moral benefits, the project is under-pinned by a strong commercial and financial benefit to the hospitality industry whilst reducing the ever-increasing strain on funding required for those who find themselves in such extreme circumstances.

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's objectives and aims and in planning future activities.

Objects

For the public benefit to promote the relief of unemployment of vulnerable, socially-excluded and sociallydisadvantaged people (including, but not limited to, the homeless, ex-offenders and ex-service personnel) by overseeing the delivery of programmes, services, and guidance in respect of their training, employment and accommodation with a view to promoting their integration into society.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

ONLY A PAVEMENT AWAY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

Chief executive's review of achievements and performance

In the financial year May 2023 – April 2024 the charity saw continued growth, in both the number of people we placed into work (Members) at 460, an increase of 110 year-on-year, and the number of employers and charity partners involved in the programme.

The numbers of those gaining employment currently stands at a total of 490.

We have been able to employ three new Relationship Managers who will be working to achieve our vision to secure jobs for 2,500 people facing homelessness over the next three years, and since the launch of our fully bespoke Jobs Board in October 2020 we now have 125 employers and 140 charities registered and signed up to the employment programme. The Jobs Board was converted to a Candidate Portal in March 2024 with the impact that saw more Members being invited to interviews. The new portal has reduced bureaucracy and made the process simpler for employers to use.

Much of the year was again dedicated to bringing in additional funding whilst identifying untapped grant funding and sponsorship streams. We also looked at which campaigns Only A Pavement Away would look to run in the following year in order to enhance the understanding of our Members by the employers we work with. The purpose would be to create empathy whilst promoting the Only A Pavement Away brand. We believe that we are missing out on c£60k of funding through our events. In order to remedy this situation we employed an Events & Campaigns Manager in February 2024 and are already seeing the impact through increased funding.

The charity also has a unique model and is seen as tangible by its supporters. The main charities are verging towards housing and lobbying rather than employment which has been both a positive and negative for us. After thorough investigation the decision was taken that we should now work with survivors of domestic abuse and those forced into the sex trade. We have assigned a Relationship Manager to take responsibility for this segment.

The Board of Trustees now stands at 12 with two unfilled vacancies. The Board of Trustees continue to review the strategy to ensure our tactical plan is both on track and meets our objectives. The focus will be supporting more people facing homelessness into careers within hospitality.

Two sub-committees have been set up, one to look at a strategic plan for fund raising and one at how Only A Pavement Away can and should have an ESG policy. The committees are made up from our Advisors and Brand Champions.

During 2024-25 we will look to bring greater working synergies between the somewhat disparate charity organisations and an industry focused on helping people re-engage with society through careers in hospitality. We are also working to raise awareness within government and have been meeting with a number of MPs from a variety of constituencies across the country who are interested in the programme. Our aim is to become the default charity for the hospitality industry when looking to help vulnerable people secure jobs in hospitality. We will also look to develop our female mentoring programme “A Seat at the Table”.

Our fund raising has increased which has seen the charity break the barrier on £900k income. Our aim is to now bring in funding from Trusts, Grants & Philanthropists which to date we have failed to do. In order to do this we have brought in a specialised fund raiser on a pro-bono basis. We will also look to bring in a part-time fund raiser.

With the growth we are experiencing the charity will look to revamp its policies and training for team members. During the year we implemented Charlie HR, an HR system to formalise reviews, PDP and HR data. To compliment this we also introduced iHasco training for the team and Trustees.

The policies are close to being fully rewritten with a number added. We also took the decision to submit a number of our campaign logos and main logo and strapline to be trademarked.

ONLY A PAVEMENT AWAY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

Events and campaigns

During the year, we have been working on developing further events and campaigns to help raise both funds and awareness and enable us to engage with a wider network of partners and supporters.

We ran our second Hiking Against Homelessness event where 60 hikers raised c£29,000. We also had participants in the London Half Marathon. Fifteen of our supporters, including Trustees and the CEO, raised c£25,000 through the CEO Sleepout event in London. We are looking to have more participants in the 2024 CEO Sleepout.

Over the summer, the Fill a Flask campaign saw over 700 flasks distributed out across eight cities to local charities and to those forced to sleep on the streets, providing them with a means to have access to water during the hot weather. This was complimented by volunteers spending time in hostels and talking with residents. This helped to change any misperceptions held by our employer partners and supporters.

The charity’s annual fundraising lunch – Cook & Dine – took place in September with over 280 guests attending, helping to raise over £35,000 to support the ongoing work of the charity.

In partnership with volunteers from across the hospitality industry, we ran our fourth annual Winter Warmth campaign in December - distributing warm apparel throughout the winter months to homeless individuals across the UK which has successfully taken place in six cities including Glasgow, Edinburgh, Birmingham, London, Brighton and Norwich.

In addition to the key events and campaigns we run internally, we have been delighted to see a number of our partners and supporters creating and running events to raise additional funds for us. One of the most notable during this period was the second Pedalling for Pubs Challenge which saw 40 riders from across hospitality ride 400km across Kenya and which raised a staggering £100k for us. To support this Steve Alton, one of our trustees, organised a second Peddling to Pubs event in Devon where 35 riders raised c£30,000.

Plans for future period

Since launching in October 2018, we have laid a solid foundation to becoming recognised as the go to charity for the employment of those facing homelessness, prison leavers and vulnerable veterans into careers within the hospitality industry and forging connections in some of the key major cities across the country. We have over 125 hospitality businesses signed up to the programme alongside 140 charities, all of whom have work ready candidates. This figure has increased as we now operate in 88 prisons, a year-on-year increase of 20.

We have supported over 360 candidates back into work since 2019 saving the local and central government an estimated c.£12million. With our Members now being able to pay their own way the total value to the economy stood at c£15 million for the 4-5 years.

We are now averaging between 6 to 8 Members a week getting a career opportunity. Average length of service is 53 weeks with over 60% staying with their employers for longer than a year. To date, eight Members have completed five years, 15 over four years, 85 over three years, 105 over two years and 97 over one year. This work is currently supported by a team of nine.

As our charity grows so do our expectations of what Only A Pavement Away can achieve. We know, with the right levels of funding, we can scale up our services to support 5,000 Members into work each year and add c.£170 million to the economy.

Our target is to help a further 8,890 Members over the next 5 years, including those who attend our recruitment and training workshops.

ONLY A PAVEMENT AWAY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

What do we need?

As the brand grows, the potential for Only A Pavement Away to become a national charity helping thousands into employment is more than achievable. To achieve our aim we need financial support, media and political recognition and public awareness. To help us achieve this, we wish to develop a range of mutually beneficial partnerships and collaborations that will help drive a genuine, positive social impact and long-term change for people facing or at risk of homelessness.

Only A Pavement Away is a personal business that needs connections between people. It cannot be facilitated solely by technology as it requires communication on a face-to-face basis. We wish to develop a streamlined effective organisational team through remuneration and structured roles that will deliver the strategy. Given the current levels of opportunities and enquiries now being received into the charity, the current team is under resourced, especially given the point-to-point contact requirements, to deliver its goals.

The charity currently has a team of 12 paid staff. These roles are part funded by a mix of grant, ad hoc fundraising and donations received. The team currently consists of one Head of Employment Partnerships, two Employer Relationship Managers, four Charity/Referral Relationship Managers, one Learning & Development Manager, one Head of Marketing and Partnerships, one Head of Events and Campaigns, one Digital & Social Officer and one Grants & Support Manager. The CEO role is an unpaid post, and the Trustees received no remuneration. Annual expenditure of the charity is currently c£693,401 (inclusive of salaries, overheads, training and member support costs).

To support our vision for the next 2-3 years, we need to increase our annual income to c£1,000,000 per annum to enable us to put in place a robust organisational structure, and this will grow year on year in line with, and to support, the ambitions of the organisation into the future.

We measure our LOS and retention figures through our Members tracker which allows us to offer a 1 year + financial and emotional wrap around service.

Our vision 2022-2027

ONLY A PAVEMENT AWAY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

Financial review

The charity raised gross funds of £998,387 (2023: £663,103) and expended £693,401 (2023: £378,536) resulting in a net surplus of £304,986 (2023: £284,567).

The reporting period for the charity was from 1 May 2023 to 30 April 2024, the sixth period of reporting since incorporation. The charity had brought forward unrestricted funds of £201,132 meaning an unrestricted reserve surplus of £325,902 as at 30 April 2024. The charity had restricted reserves amounting to £81,260 (2023: £134,669) and designated funds of £386,690 (2023: £153,065) at the balance sheet date. Total reserves at 30 April 2024 were £793,852 (2023: £488,866).

The gross funds raised of £998,387 (2023: £663,103) were derived from donations totalling £906,617 (2023: £563,775) and £91,770 (2023: £99,328) from fundraising activities.

The total costs of £693,401 (2023: £378,536) are set out in the income and expenditure account appended to this return.

The trustees are continually trying to improve the financial position of the charity. The principal risks to the charity are the failure to raise the required funding and the failure to recruit team members. These risks are managed by establishing a clear funding strategy and offering competitive remuneration packages; both of which are reviewed frequently at Trustee meetings.

There are no material uncertainties about the charity's ability to continue as a going concern.

Reserves policy

Only A Pavement Away recognises the need for sufficient free reserves in order to properly manage risk and to be capable of realising unforeseen opportunities that might arise.

The charity has determined that it will maintain a cash reserve that equates to estimated 12 month expenditure. This will be kept under constant review given the length of time the charity has been in operation. At the year end, the trustees have set aside £386,690 (2023: £153,065) out of unrestricted funds into designated funds to cover the salaries of relationship managers in the coming 12 months.

Total expenditure in the year out of unrestricted funds amounted to £609,992 (2023: £324,641). Unrestricted funds at the year end, including the amount designated for salaries, amounted to £712,592 (2023: £354,197). The trustees consider this to be sufficient and in accordance with the reserves policy.

ONLY A PAVEMENT AWAY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

Structure, governance and management

Only A Pavement Away was established as a Charitable Incorporated Organisation (CIO) with the Charity Commission on 24 April 2018. The charity’s governing document is in the form of a Constitution.

The trustees who served during the year and up to the date of signature of the financial statements were: A P Sophoclides

G J Mangham

B Stackhouse

D Ahmed (Resigned 22 January 2024)

M P Wyatt

A H Hornby F Eastwood M Stanford J Koo P Pavli M Stoker S C Alton E McClarkin

The charity’s governing document states there must be at least three charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees, or appoint a new charity trustee. The maximum number of charity trustees is fourteen (14). The charity trustees may not appoint any charity trustee if as a result the number of charity trustees would exceed the maximum.

Appointment of charity trustees

Apart from the first charity trustees (appointed April 2018), every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.

In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

New trustees are introduced to other trustees and key employees when they are first appointed. Their roles and responsibilities as trustees are explained to them and they are directed to the relevant reading material on the Charity Commission website. Trustees are encouraged to attend appropriate external training events which will help facilitate the undertaking of their role.

The charity recognises the need to offer competitive packages to attract and keep the best personnel possible. Remuneration of key management personnel is considered on a role by role basis and is benchmarked against the market.

Information for new charity trustees

The charity trustees will make available to each new charity trustee, on or before his or her first appointment:

Meetings

The trustees meet a minimum of four times per year, supported by two Strategy Review days and sub-committees looking at various aspects of the business, supported by required policies and procedures. Key decisions are made in these meetings but the day-to-day running of the charity is led by Greg Mangham, the charity's CEO.

ONLY A PAVEMENT AWAY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

Brand Ambassadors

The charity has five Brand Ambassadors who volunteer to promote and enhance the charities brand whilst increasing awareness.

Dawn Bowstead Founder & Owner of Hospitality Jobs UK (HR & Employment). James Hacon Founder & Owner of Think Hospitality, a consultancy practice. Katy Moses Founder & Owner KAM Media (Hospitality Marketing & Research). Mark Stretton Fleet Street Communications (Communications & PR). Peter Martin Founder ofPeach 20/20 (Hospitality Marketing). Jill Whittaker Founder & CEO of Hit Training.

Advisors

The charity has a group of voluntary advisors who provide knowledge and advice to the Trustees in specific areas to support its delivery of services and project planning.

Paul Campbell Owner of Hill Capital (Funding). Lina Olea Founder of Cafecito Ltd (Marketing). Robert Neiri Partner of Shoosmith’s (Legal). Kate Groves Communications and Engagement Consultant (Communications & PR). Ian Catlin Director of IT Dulal Ahmed Head of Partnerships at Crisis (Formerly an Ambassador)

Ambassadors

Our thanks to our dedicated brand Ambassadors who do so much to help raise awareness about our work; Tom Aikens, Emma Osman, Scotty Mills and Joshua Jarvis.

Tom Aikens took up the role of Charity Patron in 2023.

Partners

Our sincere thanks to our Partners & Supporters whose ongoing generous support is invaluable in helping us reach our targets by ensuring we can raise the funds needed to build our team and create more pathways to employment, as well as offering financial support to those members who need some additional short-term help with rent, travel and clothing during their transition back into society.

Funding Partners: Asahi, Caterer.com, Crisis, Greene King, Speciality Brands, Hilton International, and Veterans Foundation.

Primary Partners: Fleet Street Communications, Mapal, Hospitality Jobs UK and Wellers.

Partners: Appetite4Recruitment, AVJ Design, Cue Media, HIT Training, Licensed Trade Charity, Hospitality Action, The Ivy Collection, Thomas Franks, United Grand Lodge of England and Zonal.

The trustees' report was approved by the Board of Trustees.

A P Sophoclides G J Mangham Trustee Trustee

28 February 2025

ONLY A PAVEMENT AWAY

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ONLY A PAVEMENT AWAY

I report to the trustees on my examination of the financial statements of Only a Pavement Away (the charity) for the year ended 30 April 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

Laura Adkins BSc (Hons) FCA

Member of the Institute of Chartered Accountants in England and Wales Whitley Stimpson Limited 13 -15 High Street Witney Oxfordshire OX28 6HW

28 February 2025

ONLY A PAVEMENT AWAY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2024

Unrestricted Unrestricted
Restricted
funds
funds
funds
general
designated
2024
2024
2024
Notes
£
£
£
Income from:
Donations
2
876,617
-
30,000
Fundraising activities
3
91,770
-
-
Total income
968,387
-
30,000
Expenditure on:
Raising funds
4
218,989
-
5,000
Charitable activities
5
229,312
161,691
78,409
Total expenditure
448,301
161,691
83,409
Net incoming/(outgoing) resources before transfers
520,086
(161,691)
(53,409)		 Total Unrestricted Unrestricted
Restricted
funds
funds
funds
general
designated
2024
2023
2023
2023
£
£
£
£
906,617
466,575
-
97,200
91,770
99,328
-
-
998,387
565,903
-
97,200
223,989
142,850
-
72
469,412
121,798
59,993
53,823
693,401
264,648
59,993
53,895
304,986
301,255
(59,993)
43,305		 Total
2023
£
563,775
99,328
663,103
142,922
235,614
378,536
284,567

ONLY A PAVEMENT AWAY

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2024

Unrestricted Unrestricted
Restricted
funds
funds
funds
general
designated
2024
2024
2024
Notes
£
£
£
Net incoming/(outgoing) resources before transfers
520,086
(161,691)
(53,409)
Gross transfers between funds
(395,316)
395,316
-
Net income/(expenditure) for the year/
Net movement in funds
124,770
233,625
(53,409)
Fund balances at 1 May 2023
201,132
153,065
134,669
Fund balances at 30 April 2024
325,902
386,690
81,260		 Total Unrestricted Unrestricted
Restricted
funds
funds
funds
general
designated
2024
2023
2023
2023
£
£
£
£
304,986
301,255
(59,993)
43,305
-
(184,600)
184,600
-
304,986
116,655
124,607
43,305
488,866
84,477
28,458
91,364
793,852
201,132
153,065
134,669		 Total
2023
£
284,567
-
284,567
204,299
488,866

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

ONLY A PAVEMENT AWAY

BALANCE SHEET AS AT 30 APRIL 2024

2024
Notes
£
£
£
Fixed assets
Tangible assets
12
6,318
Current assets
Debtors
13
17,852
5,532
Cash at bank and in hand
825,137
515,920
842,989
521,452
Creditors: amounts falling due within
one year
14
(55,455)
(35,451)
Net current assets
787,534
Net assets
793,852
Income funds
Restricted funds
17
81,260
Unrestricted funds
Designated funds
18
386,690
153,065
General unrestricted funds
325,902
201,132
712,592
793,852
The financial statements were approved by the Trustees on 28 February 2025.
A P Sophoclides
G J Mangham
M P Wyatt
Trustee
Trustee
Trustee		 2023
£
2,865
486,001
488,866
134,669
354,197
488,866

ONLY A PAVEMENT AWAY

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2024

Notes
Cash flows from operating activities
Cash generated from operations
22
Investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 £
(8,268)		 2024
£
317,485
(8,268)
-
309,217
515,920
825,137		 £
-		 2023
£
308,724
-
-
308,724
207,196
515,920

ONLY A PAVEMENT AWAY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

1 Accounting policies

Charity information

Only A Pavement Away is a charitable incorporated organisation incorporated in England and Wales. The registered office is The Restaurant Group, 5-7 Marshalsea Road, London, SE1 1EP.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity 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.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

ONLY A PAVEMENT AWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers

3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include 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.

ONLY A PAVEMENT AWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

1 Accounting policies

(Continued)

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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Donations

Unrestricted
Restricted
funds
funds
general
2024
2024
£
£
Donations and gifts
876,617
30,000
Donations and gifts
Grants, trusts and
foundations
250,228
10,000
Corporate donations
177,606
-
General donations
425,732
20,000
Philanthropy
2,844
-
Gift aid
20,207
-
Other
-
-
876,617
30,000		 Total Unrestricted
Restricted
funds
funds
general
2024
2023
2023
£
£
£
906,617
466,575
97,200
260,228
31,000
15,000
177,606
68,865
47,200
445,732
196,697
-
2,844
26,690
-
20,207
9,038
-
-
134,285
35,000
906,617
466,575
97,200		 Total
2023
£
563,775
46,000
116,065
196,697
26,690
9,038
169,285
563,775

ONLY A PAVEMENT AWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

3 Income from other trading activities

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising events 91,770 99,328

ONLY A PAVEMENT AWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

4 Raising funds

Unrestricted
Restricted
funds
funds
general
2024
2024
£
£
Fundraising and publicity
Staging fundraising events
55,815
5,000
Fundraising consultancy fees
5,708
-
Awareness and promotion
78,804
-
Fundraising expenses and merchandise
11,318
-
Share of support costs (see note 7)
64,344
-
Share of governance costs (see note 7)
3,000
-
218,989
5,000		 Total Unrestricted
Restricted
funds
funds
general
2024
2023
2023
£
£
£
60,815
31,740
-
5,708
-
-
78,804
70,005
72
11,318
2,177
-
64,344
36,678
-
3,000
2,250
-
223,989
142,850
72		 Total
2023
£
31,740
-
70,077
2,177
36,678
2,250
142,922

ONLY A PAVEMENT AWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

5 Charitable activities

Staff costs
Depreciation and impairment
Training and education
Jobs board
Computer and IT costs
Travel and subsistence
Grant funding of activities (see note 6)
Share of support costs (see note 7)
Share of governance costs (see note 7)
Analysis by fund
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds		 2024
£
361,689
4,815
8,486
145
1,812
201
377,148
24,920
64,344
3,000
469,412
229,312
161,691
78,409
469,412		 2023
£
186,039
2,645
1,200
2,613
-
-
192,497
4,189
36,678
2,250
235,614
121,798
59,993
53,823
235,614

Included within staff costs is £6,107 of ex-gratia payments to employees on termination of their employment contract.

6 Grants payable

Grants to institutions:
Grants to individuals		 2024
£
-
24,920
24,920		 2023
£
-
4,189
4,189

The grants payable by the charity to individual members were for financial support costs such as housing rents, rates, food etc to bridge the gap between starting employment and the member getting their first pay cheque from the employer. These grants were temporary help and were funded from both restricted and unrestricted reserves put aside for this purpose.

ONLY A PAVEMENT AWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

7
Support costs
Staff costs
Hotels, travel and
subsistence
Postage and carriage
Office stationery
Telephone
Computer and software
costs
Insurance
Sundry expenses
Bank charges
Payroll fees
Professional fees
Independent examination
Analysed between
Fundraising
Charitable activities		 Support
costs
Governance
costs
£
£
37,057
-
21,286
-
715
-
4,319
-
5,443
-
17,487
-
2,134
-
9,180
-
40
-
1,766
-
29,261
-
-
6,000
128,688
6,000
64,344
3,000
64,344
3,000
128,688
6,000		 2024
£
37,057
21,286
715
4,319
5,443
17,487
2,134
9,180
40
1,766
29,261
6,000
134,688
67,344
67,344
134,688		 Support
costs
Governance
costs
£
£
37,978
-
15,510
-
1,278
-
648
-
1,871
-
6,137
-
1,463
-
2,395
-
-
-
1,602
-
4,474
-
-
4,500
73,356
4,500
36,678
2,250
36,678
2,250
73,356
4,500		 2023
£
37,978
15,510
1,278
648
1,871
6,137
1,463
2,395
-
1,602
4,474
4,500
77,856
38,928
38,928
77,856

Support and governance costs have been split equally between charitable and fundraising activities.

Governance costs includes payments to the auditors of £6,000 (2023: £4,500) for independent examination fees.

8 Net movement in funds 2024 2023
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements 6,000 4,500
Depreciation of owned tangible fixed assets 4,815 2,645

9 Trustees

None of the trustees received any remuneration during the year nor any reimbursed expenses in their roles as trustees. One trustee received reimbursed expenses of £18,809 covering travel, office stationery and fundraising activity costs for his role as CEO.

ONLY A PAVEMENT AWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

10 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
12
2024
£
363,937
25,838
8,971
398,746		 2023
Number
7
2023
£
197,729
19,936
6,352
224,017

There were no employees whose annual remuneration was more than £60,000.

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Tangible fixed assets

Tangible fixed assets
Computers
£
Cost
At 1 May 2023 7,934
Additions 8,268
At 30 April 2024 16,202
Depreciation and impairment
At 1 May 2023 5,069
Depreciation charged in the year 4,815
At 30 April 2024 9,884
Carrying amount
At 30 April 2024 6,318
At 30 April 2023 2,865

ONLY A PAVEMENT AWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

13 Debtors

Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income		 2024
£
7,252
10,600
17,852		 2023
£
179
5,353
5,532

14 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
15
Trade creditors
Other creditors
Accruals		 2024
£
7,868
23,754
13,399
(1,437)
11,871
55,455		 2023
£
8,998
12,800
3,057
123
10,473
35,451

15 Deferred income

2024
£
Other deferred income
23,754
Deferred income is included in the financial statements as follows:
2024
£
Deferred income is included within:
Current liabilities
23,754
Movements in the year:
Deferred income at 1 May 2023
12,800
Released from previous periods
(12,800)
Resources deferred in the year
23,754
Deferred income at 30 April 2024
23,754		 2023
£
12,800
2023
£
12,800
-
-
12,800
12,800

During the prior year ended 30 April 2023, £12,800 was received towards the Charity's Cook & Dine event, which took place in this financial year. This brought forward deferred income was released in full in the year.

During the year ended 30 April 2024, £23,754 (2023: £nil) was received towards the annual Hiking for Homeless event, which took place after the year end. This income is deferred at the year end.

ONLY A PAVEMENT AWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

16 Retirement benefit schemes
2024 2023
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 8,971 6,352

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

Pension contributions have been allocated against restricted funds only when permitted by clear conditions.

ONLY A PAVEMENT AWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 May 2022 resources expended 1 May 2023 resources expended 30 April 2024
£ £ £ £ £ £ £
CRISIS fund 4,811 - (4,811) - - - -
Life Skills Programme fund 35,588 - (4,756) 30,832 - (2,645) 28,187
Veterans Foundation fund 1 9,758 - (9,758) - - - -
Speciality Brands fund 1 27,760 - (25,617) 2,143 - (2,143) -
Greene King fund 2 13,447 - (7,229) 6,218 - (6,218) -
Veterans Foundation fund 2 - 15,000 (1,724) 13,276 - (13,276) -
Speciality Brands fund 2 - 27,200 - 27,200 - (27,200) -
Greene King - Cook & Dine - 5,000 - 5,000 - (5,000) -
Greene King fund 3 - 50,000 - 50,000 - (26,927) 23,073
Innholders Charitable Foundation - - - - 10,000 - 10,000
HOSB - - - - 20,000 - 20,000
91,364 97,200 (53,895) 134,669 30,000 (83,409) 81,260

ONLY A PAVEMENT AWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

17 Restricted funds

(Continued)

The CRISIS fund, Veterans Foundation fund and Greene King funds were all grants/donations received by the charity to pay the salary costs of Relationship Managers. The funds from the Veterans Foundation were so that the charity could focus on veterans in more depth and the funds from Greene King were for Relationship Managers that can focus on Greene King vacancies.

The Life Skills programme fund relates to a donation from The Freemasons. This was for a new life skills hub, which was launched in the summer of 2021.

The Speciality Brands fund 1 was for a new Employment Coach to be employed by the charity. The Speciality Brands fund 2 was a donation towards a Learning and Development Coach to mentor members and run the Passport 2 Employment programme.

£5,000 of a £20,000 donation received in 2023 from Greene King was specified to be put towards the Cook & Dine event taking place in September 2023. This was therefore treated as a restricted fund in the financial statements in 2023 and the full £5,000 was expended in the year ended 30 April 2024.

The donation of £10,000 from the Innholders Charitable Foundation was for the running of 3 Passport 2 Employment programmes.

A £20,000 donation was received for the House of St Barnabas (HOSB) project to be used at the charity's discretion but restricted to the HOSB project.

ONLY A PAVEMENT AWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

18 Designated funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

Balance at
1 May 2022
Resources
expended
£
£
Worshipful cooks fund
10,000
(8,749)
Relationship manager
18,458
(51,244)
Hilton Foundation
-
-
Member grants
-
-
Greene King 1
-
-
HOSB
-
-
Greene King 2
-
-
28,458
(59,993)		 Transfers
Balance at
1 May 2023
Resources
expended
£
£
£
(1,251)
-
-
51,566
18,780
(18,780)
79,285
79,285
(79,285)
40,000
40,000
(24,565)
15,000
15,000
(15,000)
-
-
(23,303)
-
-
(758)
184,600
153,065
(161,691)		 Transfers
Balance at
30 April 2024
£
£
-
-
-
-
193,708
193,708
-
15,435
-
-
151,548
128,245
50,060
49,302
395,316
386,690		 Transfers
Balance at
30 April 2024
£
£
-
-
-
-
193,708
193,708
-
15,435
-
-
151,548
128,245
50,060
49,302
395,316
386,690
386,690

ONLY A PAVEMENT AWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

18 Designated funds

(Continued)

The Worshipful cooks fund was designated by the charity to part fund a new Relationship Manager, as was the Relationship Manager fund, which were transferred from the charity's general reserves in 2023 to fund a Relationship Manager's salary for a year.

Donations received from Hilton Foundation in the year totalling £193,708 have been designated by trustees for future salary costs and therefore has been transferred from the charities general reserves to designated funds.

In 2023, £40,000 of donations received from the CEO Sleepout in that year were designated by the trustees for member support costs. £24,565 has been spent on support costs in the year to 30 April 2024.

£15,000 of the income designated from Greene King last year was used towards campaign costs in 2024. A further donation in the year from Greene King of £50,060 has been designated for salary costs.

A transfer of £151,548 was made from the general funds for the House of St Barnabas project. This is for the 1 year support of HOSB Graduates who were affected by the closure of the House of St Barnabas charity. The money was raised by the senior management of the House of St Barnabas and held in a separate account by Only a Pavement Away.

ONLY A PAVEMENT AWAY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024

19 Analysis of net assets between funds

Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2024
2024
2024
£
£
£
At 30 April 2024:
Tangible assets
6,098
-
220
Current assets/(liabilities)
319,804
386,690
81,040
325,902
386,690
81,260
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2023
2023
2023
£
£
£
At 30 April 2023:
Tangible assets
-
-
2,865
Current assets/(liabilities)
201,132
153,065
131,804
201,132
153,065
134,669		 Total
2024
£
6,318
787,534
793,852
Total
2023
£
2,865
486,001
488,866

20 Related party transactions

During the year, the charity paid £24,912 (2023: £nil) to AEP Consultancy Ltd, a company owned by the CEO's daughter, for various project and event management consulting services. The trustees approved all expenses to AEP Consultancy Ltd. There were no amounts outstanding to AEP Consultancy at the year end.

There were no other disclosable related party transactions during the year (2023 - none).

21 Analysis of changes in net funds

The charity had no material debt during the year.

22
Cash generated from operations
Surplus for the year

Adjustments for:
Depreciation of tangible fixed assets
Movements in working capital:
Increase in debtors
Increase in creditors
Increase in deferred income
Cash generated from operations
 2024
£
304,986
4,815
(12,320)
9,050
10,954
317,485		 2023
£
284,567
2,645
(3,907)
12,619
12,800
308,724