Registered Charity Number 1179171 ## **Number Eight (Tamworth)** A Charitable Incorporated Organisation **Report and Financial Statements** **For the year to 31 March 2023** Registered Charity Number 1179171 ## **Number Eight (Tamworth) Report and Accounts Contents** ||**Page**| |---|---| |Legal and administrative information|3| |Trustees' Report|4-6| |Independent Examiners Report|7| |Statement of Financial Activities|8| |Balance Sheet|9| |Notes to the accounts|10-13| Registered Charity Number 1179171 ## **Number Eight (Tamworth) Charity Information** ## **Trustees** Richard A Hughes Jane H Maugham David Maugham (until July 2022) Victoria Vernon Zetta Widney Lucy J Rachel (resigned November 2022) Lee D Chetwynd Ian W Perkins Deborah Brayslaw (appointed 4 January 2023) Keith Johnson (appointed 4 January 2023) ## **Independent Examiner** Shacklefords Limited Chartered Accountants 6A Little Aston Lane Little Aston Sutton Coldfield B74 3UF ## **Principal Address** 8 St John Street Tamworth Staffordshire B79 7EX ## **Registered Charity number** 1179171 3 Registered Charity Number 1179171 ## **Number Eight (Tamworth) Report of the trustees for the year ended 31 March 2023** The trustees present their annual report and accounts for the year ended 31 March 2023. The financial statements comply with the Charities Act 2011 and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the U.K. and Republic of Ireland (FRS102) (effective 1 January 2019) ## **Objectives and Activities of the charity** The relief of those in need, in particular young mothers (and expectant mothers) through the management of safe and secure accommodation for their benefit with the aim to ensure and develop their good health and well-being (of both mothers and their babies) and life skills including through education, training, employment, self-care and home care ## **Achievements and Performance** The twelve month period commenced with the continued disruption caused by the prolonged Covid pandemic which affected the number of residents in our homes, although this gradually dissipated as the year progressed. Our Chief Executive and staff continued to work hard as the number of residents grew and we are pleased to report that we were able to successfully meet our aims and obligations in meeting our objectives We were pleased to receive considerable help and guidance through our very valuable arrangements with the Lloyds Bank Foundation throughout the period. We continued to apply for funding from a variety of trusts and philanthropic businesses and organisations mainly through the hard work and efforts which continued from our Chief Executive. As a result, we received a record amount of donations and are extremely grateful to our benefactors We made the decision to launch an appeal with the aim of raising sufficient funds over a period to enable us to endeavour to purchase the property we lease at 24 Albert Road, Tamworth and thus secure a sound financial base for the charity enabling it to plan to provide our services for the long term. This still remains a major target We were successful in being appointed the charity for 2022 and 2023 by the Tamworth and Lichfield and District Chamber of Commerce, which we hoped would help us build our finances but also increase awareness of our aims and objectives within the business community We also made substantial efforts to increase the consistency of our warehouse operations. This has not been so successful as hoped but we continue to work with that aim, mainly by increasing our online presence. Due to the current world situation, we have also been working with the Tamworth Borough Council and other charitable organisations to assist with any homeless in the area and also the increasing number of refugees in the town **Financial Review** We are very pleased to report that our efforts to raise funding for day to day operations and long term security have proved successful this year, with a record amount of income received totalling over £300,000 for the first time. Our expenditure however also increased particularly with the utility bills. We also had increased costs with property rents and rates, and also inflationary increases in personnel costs. Nevertheless, our surplus for the year amounted to just over £79,000 thus increasing our Reserves as had been our target. During the forthcoming twelve months we will be trying to further increase those Reserves as we build up our resources to achieve our capital aims and increase our fixed assets, securing the long term future 4 Registered Charity Number 1179171 ## **Reserves Policy** The Trustees review the charity’s need for reserves regularly, in line with the guidance issued by the Charity Commission. The Trustees have adopted a policy that defines the nature and extent of the cash balances required for the effective continuing operation of the organisation. They evaluate the organisation’s financial position in relation to tat policy on at least an annual basis. The Trustees consider that the organisation’s assets are sufficient and available to fund its activities ## **Risk Management** The Trustees examine the major strategic, business and operational risks which the Charity might encounter and confirm that systems have been established to minimise those risks. The total amount of funds held at 31 March 2023 was £114,728 , none of which was restricted ## **Fund Raising** The Charity has been active in fundraising in the following manner. 1. The charity’s approach has been to apply to as many Grant making bodies as possible 2. A professional fundraiser has not been used 3. Fundraising continues to be monitored by the Trustees and reported at Trustee meetings 4. No complaints have been received regarding fundraising 5. The public are approached for fundraising at occasional events organised by the charity and others when this is possible Our thanks go to our staff and volunteers for their continued support at all times ## **Future Plans** The Trustees have continued to discuss the future needs of all the people whom we look to assist, whilst acknowledging that the present climate throughout this country and the world generally makes this difficult. However, the Trustees will continue to try and strengthen our Reserves to make us more secure and develop our resources as and when this is possible. We will continue to investigate the needs of our local community and endeavour to meet those needs when our financial and other resources are available We note that, as at the date of this report, there is a continued need for our services and a waiting list of possible residents, having been referred to us. 5 Regtstered Charity Number 1179171 Structure, Governance and Management During the last knvelve months there have been a fthv thanges to our Board of Trustees. An absolutely devastating blow arose with the very sad death of our Trustee, David Maugham. and we pay tribute to the considerable contribution vthich he made to this organisation and its members from the inception of the charity and also whilst it was previously parl of Homestart (Tamworth). In particular his help in the face lo face education of some of our residents was particularly beneficial. He also took a very active part in our meetings and his thoughts and ideas were very welcome Our Trustee. Lucy Rachel also resuned during the period and we thank her for her valued assistan￿. New Trustees have been sourced and we welcome them to our Board and look forward to working together for the benefrt of the charty in the future. We will continue to look to strengthen our Board of Trustees whenever we feel this would be helpful and when we note that there are any particular areas that need strengthening The Trusteas during the period are as stated on page 3 R A Hugh•$ DIr•￿vr and Trultso Registered Charity Number 1179171 Number Elght (Tamworth) INDEPENDENT EXAMINERS REPORT ON THE UNAUDrrED ACCOUNTS TO THE TRUSTEES OF NUMBER EIGHT (TAMWORTH) I report to the charlty trustees on my examlnatlon of the a￿Ounts of Number Elght {Tamworth> for the year ended 31" March 2023. Responsibilities and basls of report As the trustees of the chanty you are responsible fcff the preparation of accounts in accordance with the requirements of the CharilBs ArA 2011 (Ih8 Ad.) I report in respect of my examination of the Chartbes accounts camed out under section 145 of the act and in carrying out my examination I have followed all applicab direthons given by the Charty Commission under section 145(5)(b) of the Act Ind8p8ndent examlnefg statement I have completed my examinatton. I can confinn that no material matters have come to my attention in connection vnth the examination giving me cause to believe that in any matenal respect.. 1. Accounting records were not kept in respect of ts Chanty as required by section 130 of the Act.. or 2. The accounts do not accord with those records: or 3. The accounts do not compty with the applicable requirements concerning the fomi and content of accounts set out in the Chanties (Accounts and Reports) Regulatsons 2008 other than any requirements that the a¢¢ounts gtve a true and frair view which is not a matter considered as part of an independent examination. I have no cOn￿mS 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 b8 reached fpsw T D Shackleford FCA Shacklefords Limtted Chartered Accountants 6A Little Aston Lane Little Aston Sutton Coldfield 874 3UF Ip Registered Charity Number 1179171 ## **Number Eight (Tamworth )** ## **Statement of Financial Activities ( incorporating Income and Expenditure Account )** **for the year ended 31st March 2023** |**for the year ended 31st March 2023**||||||| |---|---|---|---|---|---|---| ||||**Unrestricted**|**Restricted**|**Total**|**Last Year**| ||||**Funds**|**Funds**|**Funds**|**Total Funds**| ||**Notes**||**2023**|**2023**|**2023**|**2022**| |**Income resources**|||**£**|**£**|**£**|**£**| |**Incoming resources from generated funds**||||||| |Voluntary Income||5|312,274|0|312,274|213,675| |**Total incoming resources**|||312,274|0|312,274|213,675| |**Direct charitable expenditure**||6|232,243|0|232,243|204,776| |**Governance**||7|924|0|924|967| |**Total resources expended**|||233,167|0|233,167|205,743| |**Net incoming resources**|||79,107|0|79,107|7,932| |**Total funds brought forward**||10|35,621|0|35,621|27,689| |**Total Funds carried forward**||10|114,728|0|114,728|35,621| |**All activities derive from continuing operations**||||||| **The notes on page 10 to 13 form an integral part of these accounts** 8 RwrnI(trAtityNU￿ber Jl79171 Numbor Elght l Tamworthl Balance Sheet for the year ended 318t March 2023 2023 2022 The •s$ets and 15obllltle• of tho ch•hlty: Curr•ntau•ts Cash al bank aThJ in hand 127.401 43.124 Totsl CurY•ntA8Mts 127,401 43.124 Cr•dbtor4 :. Amounts due within on• 12.673 7,$03 N•t Curr•￿tA•￿tr 114,728 35,621 N•t4•#•ts 114,728 35,621 Th• fund• ofth ch•rfty: Unfe8lnded Ir￿m* lund8 R¢stri¢Xad in0)r￿ fund8 114,728 35.821 114,728 35.821 Totsl charftylund• 10 114,728 35,621 The ieeounts wer¢ 4pproved by tht Tr•¥teM • and Ylert slRDed on Its behAlf by . ney-Tru•t•• o not•s on pa9￿ 10 to 13 f(xm •n int•grn1 part ofth•u accounts Registered Charity Number 1179171 ## **Number Eight ( Tamworth) Notes to the Accounts for the year ended 31 March 2023** - 1 **Accounting Policies** ## **Basis of preparing the financial statements** The accounts of the charity have been prepared in accordance with the Charities SORP ( FRS102) 'Accounting and Reporting by Charities: Statement of Recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland ( FRS102) (effective 1 January 2019', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011' ## **Accounting Convention** The accounts have been prepared under the historical cost convention ## **Taxation** As a registered charity, the charity is exempt from Income and Corporation Tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the charity and it is therefore included in the relevant costs in the Statement of Financial Activities ## **Funds Structure** The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held to finance both working capital and capital investment. Restricted funds have been provided to the charity for particular purposes and it is the policy of the trustees to monitor carefully the application of those funds in accordance with the restrictions placed upon them. ## **Income Accounting Policy** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items have been met, it is probable that the income will be received and the amount can be measured reliably. ## **Creditors Accounting Policy** Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. ## **Pensions Accounting Policy** Contributions to defined contribution plans are expensed in the period to which they relate 10 Registered Charity Number 1179171 ## **Number Eight ( Tamworth) Notes to the Accounts For the year ended 31st March 2023 ( continued )** - **2 Winding up or dissolution of the charity** If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. |**3 **|**Surplus for the financial year**|**2023**|**2022**| |---|---|---|---| |||**£**|**£**| ||**This is after charging**||| ||Rentals under operating leases|48,083|44,717| ||Pension costs|6,747|6,595| ||Reporting Accountants fees|720|720| Funds belonging to the charity have been used for the purchase of insurance to protect the charity from loss arising from the neglect or defaults of its trustees, employees or agents, or to indemnify its trustees, employees or agents, against the consequences of any neglect or default on their part. ## **4 Trustees Expenses** No expenses were paid to trustees or connected persons except re-imbursement of exceptional travelling expenses. ## **5 Income Analysis** |Tamworth B C -housing benefits
Tenants Contribution to utility costs
Lloyds Foundation
Warehouse & Shop Furniture sales
Donation - Anonymous
Community Together
Community Foundation
Charities Trust
Morrisons Foundation
Albert Hunter Trust
M1 Tamworth ASD
Masonic Charities
Support Staffordshire
Arnold Clark
United Kingdom Sepsis Trust
University of Wolverhampton
Bauer Radio
Just Giving
Other donations|**2023**
**2023**
**2023**
**2022**
**Unrestricted Restricted**
**Total**
**Total**
**£**
**£**
**£**
**£**
122,838
122,838
120,109
17,144
17,144
10,860
27,250
27,250
25,000
20,980
20,980
21,366
21,840
21,840
21,840
3,600
3,600
3,600
0
0
10,900
50,000
50,000
0
21,000
21,000
0
7,000
7,000
0
6,639
6,639
0
5,000
5,000
0
4,300
4,300
0
1,000
1,000
0
882
882
0
840
840
0
800
800
0
463
463
0
698
698
0| |---|---| ||312,274
0
312,274
213,675| 11 Registered Charity Number 1179171 ## **Number Eight ( Tamworth)** ## **Notes to the Accounts** ## **For the year ended 31st March 2023 ( continued )** ## **6 Direct Charitable Expenditure** |Staff Costs
Family & Household expenses
Staff & volunteer expenses
Property Rental & Rates
Property Repairs & Renewals
Heat, Light & Water expenses
Warehouse running expenses
Business Insurance
Office Costs|**2023**
**2023**
**2023**
**2022**
**Unrestricted**
**Restricted**
**Total**
**Total**
128,618
128,618
121,893
4,285
4,285
1,520
1,232
1,232
1,274
55,457
55,457
49,938
7,301
7,301
8,240
17,102
17,102
9,738
8,355
8,355
5,103
4,515
4,515
4,265
5,378
5,378
2,805| |---|---| ||232,243
0
232,243
204,776| ## **7 Governance** |Office & admin Costs
Reporting accountants|**2023**
**2023**
**2023**
**2022**
**Unrestricted**
**Restricted**
**Total**
**Total**
204
204
247
720
720
720| |---|---| ||924
0
924
967| ## **8 Staff Costs and Emoluments** |**Staff Costs and Emoluments**|| |---|---| |Gross salaries
Employers National Insurance
Pension contributions|**2023**
**2022**
**£**
**£**
115,237
110,811
4,685
4,487
6,747
6,595| ||126,669
121,893| There were no fees or other remuneration paid to the trustees ( 2022 nil ) There were no employees with emoluments in excess of £60,000 per annum ( 2022 none) Number of Full Time Employees employed during the year 3 3 Number of Part Time Employees employed during the year 5 8 12 Registered Charity Number 1179171 ## **Number Eight ( Tamworth)** ## **Notes to the Accounts** ## **For the year ended 31st March 2023 ( continued )** |**9 Creditors : amounts falling due under one year**
Accrued expenses
PAYE & NI
NEST Pensions
Home-Start (Tamworth)|**2023**
**2022**
**£**
**£**
10,306
3,720
2,258
2,100
109
101
0
1,582| |---|---| ||12,673
7,503| ## **10 Fund Analysis** |Unrestricted fund
Enterprise Development Fund|**Funds at**
**Income**
**Expended**
**Funds at**
**2022**
**including**
**2023**
**Interest**
**£**
**£**
**£**
**£**
35,621
312,274
233,167
114,728
0
0
0| |---|---| ||35,621
312,274
233,167
114,728| ## **11 Share Capital** The charity is a charitable incorporated organisation and as such has no share capital . 13