Charity no. 1181386
# **Help Bristol's Homeless Charity Report and Financial Statements**
**30 June 2024**
## **Help Bristol's Homeless Charity**
## **Contents**
|**For the year ended 30 June 2024**||
|---|---|
||**Page**|
|**Reference and administrative details**|1|
|**Report of the trustees**|2|
|**Independent examiners report**|4|
|**Statement of financial activities**|5|
|**Balance sheet**|6|
|**Statement of cash flows**|7|
|**Notes to the financial statements**|8|
## **Help Bristol's Homeless Charity**
## **Reference and administrative details**
|**For theyear ended**|**30 June 2024**||
|---|---|---|
|**Charity number**|1181386||
|**Operational**|Help Bristol's Homeless||
|**address**|Unit 3 - 5 Spring Street||
||Bedminster||
||Bristol||
||BS3 4PZ||
|**Trustees**|Wayne Lewis|Chair|
||George Furzoco|Resigned 03/07/24|
||Rodney Wilson||
||Richard Davey||
||Lisa Saville|Secretary|
||Thomas Allen||
|**Bankers**|Barclays Bank UK PLC||
||1 Churchill Place||
||London||
||E14 5HP||
|**Accountant**|Stepping Stones Accountancy Limited||
||7c Hanham Hall||
||Whittucks Road||
||Hanham||
||Bristol||
||BS15 3FR||
1
## **Help Bristol's Homeless Charity**
## **Report of the trustees**
## **For the year ended 30 June 2024**
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements and the constitution.
## **Structure, governance and management**
Trustees AGM includes a review to appraise current skills and identify needs that could be addressed with recruiting a trustee with that skill set. Advertising through social media, CV, interviewing, DBS checks inform the selection process which involves at least 2 existing trustees with final decision made by Chair.
## **Objectives and activities**
We believe that having a home is not an entitlement, it is a right. Our mission is to change the face of homelessness in Bristol.
Our main activity is the provision of temporary accommodation until the service user can locate a more permanent home.
The trustees confirm they have had regard to the Charity Commission’s guidance on public benefit.
## **Policy on social investment including program related investment**
Expanding Wellbeing Programme offering support services such as but not limited to: Therapists, Counsellors, Wellbeing Consultants, Money Matters Consultant, DWP Benefit Link Worker, Dental, Registered Nurse, Career Pathways, Career Mentoring, Holistic Massages, Haircuts.
## **Contributions**
Regular volunteering days throughout the year to include corporate and public. Regular support to outreach services providing hot meals and clothing.
2
## **Help Bristol's Homeless Charity**
## **Report of the trustees**
## **For the year ended 30 June 2024**
## **Key achievements**
With the support of our trustees, volunteers and supporters, we have successfully created a project with 31 containers that have been converted into self-contained micro-flats.
We have converted shipping containers to offer various services, including a shower block, laundry, kitchen, Wellbeing Centre, Sanctuary, and Office.
From May 2023 to June 2024, we provided accommodation and services for people in 32 micro-flats. Additionally, we offered hot meals twice a week, for outreach, providing approx 60 covers a week throughout the winter period, and extended the use of the shower block and laundry to the wider rough sleeping community on a daily basis.
We have incorporated a community cafe open to the public and offer a food delivery service to the local community.
We have increased the number of living accommodation by 1, converting additional shipping container into a home, giving us a total of 32.
We have been successful over the period in fundraising, ranging from £5 to £25,000.
## **Financial review**
Funds are made up of income from rent of micro flats, and donations from individuals, charity partnerships, grants from foundations and and intake from cafe.
Fixed assets £635,848 Debtors £21,610 Cash at bank £267,842 Current liabilities £40,910 Reserves £884,390 (unrestricted)
## **Reserves policy**
Adequate reserves are held to ensure the activities of the charity can be maintained during times of variation in income and expenditure.
Based on estimated future income streams and expenses our policy is to maintain reserves of at least £100k.
Approved by the trustees on 15 November 2024 and signed on their behalf by
Wayne Lewis - Chair
3
## **Independent examiners report**
## **To the trustees of**
## **Help Bristol's Homeless Charity**
I report to the trustees on my examination of the accounts of Help Bristol's Homeless (the charity) for the year ended 30th June 2024.
## **Responsibilities and basis of report**
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
Having satisfied myself that the accounts of the company are not required to be audited under part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination I have followed the directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act.
## **Independent Examiner's Statement**
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:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principle of the Statement of Recommended Practice for accounting and reporting by charities.
I have no concerns and have come across no other matters in connection with the examination to which should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Nathan Brady Stepping Stones Accountancy Ltd 7C Hanham Hall Whittucks Road Hanham Bristol BS15 3FR
15 November 2024
4
## **Help Bristol's Homeless Charity**
**Statement of financial activities** _(incorporating an income and expenditure account)_
## **For the year ended 30 June 2024**
|Note
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
6
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
**Net income / (expenditure)**
**and net movement in funds**|Unrestricted
£
285,160
214,893
122
500,175
9,535
503,394
512,929
(12,754)
897,144
884,390|**2024**
**Total**
**£**
**285,160**
**214,893**
**122**
**500,175**
**9,535**
**503,394**
**512,929**
**(12,754)**
**897,144**
**884,390**|2023
Total
£
372,118
102,072
81
474,271
9,785
316,978
326,763
147,508
749,636
897,144|
|---|---|---|---|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 13 to the accounts.
5
## **Help Bristol's Homeless Charity**
## **Balance sheet**
## **As at 30 June 2024**
**----- Start of picture text -----**
2024 2023
Note £ £ £
Fixed assets
Tangible fixed assets 9 635,848 596,542
635,848 596,542
Current assets
Debtors 10 21,610 13,873
Cash at bank and in hand 267,842 318,082
289,452 331,955
Liabilities
Creditors: amounts falling due within 1 year 11 40,910 31,353
Net current assets 248,542 300,602
Net assets 12 884,390 897,144
Funds 13
Unrestricted funds:
General funds 884,390 897,144
Total charity funds 884,390 897,144
**----- End of picture text -----**
Approved by the trustees on 15 November 2024 and signed on their behalf by
Wayne Lewis - Chair
6
## **Help Bristol's Homeless Charity**
## **Statement of cash flows**
## **For the year ended 30 June 2024**
|Note
**Cash used in operating activities:**
**Net cash provided by / (used in) operating activities**
14
**Cash flows from investing activities:**
Dividends, interest and rents from investments
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed assets
**Net cash provided by / (used in) investing activities**
**Increase / (decrease) in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**|**2024**
**£**
**54,767**
**122**
**(105,129)**
**-**
**(105,007)**
**(50,240)**
**318,082**
**267,842**|2023
£
222,357
81
(475,656)
2,500
(473,075)
(250,718)
568,800
318,082|
|---|---|---|
7
## **Help Bristol's Homeless Charity**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
## **1. Accounting policies**
## **a) Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Help Bristol's Homeless Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **b) Going concern basis of accounting**
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having considered the charity's ability to generate its own income over the next twelve months.
## **c) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. In line with the SORP FRS102, the value of services provided by volunteers has not been included.
## **d) Donated services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **e) Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
8
## **Help Bristol's Homeless Charity**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
## **f) Funds accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
## **g) Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
## **h) Tangible fixed assets**
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
Other land & buildings 5% straight line Plant, machinery and motor vehicles 20% straight line Fixtures, fittings and equipment 25% straight line
## **i) Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **j) Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **k) Financial instruments**
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
## **l) Pensions**
The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.
9
## **Help Bristol's Homeless Charity**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
## **2. Prior period comparatives: statement of financial activities**
|**Income from:**
Donations and legacies
Charitable activities
Investments
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
**Net income / (expenditure)**
Transfers between funds
**Net movement in funds**
**Donations and legacies**
Total donations and legacies
Donations
Grants
Gift Aid|£
266,094
19,066
-
285,160
Unrestricted|£
372,118
102,072
81
474,271
9,785
316,978
326,763
147,508
-
147,508
**2024**
**Total**
**£**
**266,094**
**19,066**
**-**
**285,160**
Unrestricted|**2023**
**Total**
**£**
**372,118**
**102,072**
**81**
**474,271**
**9,785**
**316,978**
**326,763**
**147,508**
**-**
**147,508**
2023
Total
£
280,625
23,593
67,900
280,625|
|---|---|---|---|
## **3. Donations and legacies**
The charitable company did not receive any government grants during the year (2023: £nil).
## **4. Income from charitable activities**
|Total income from charitable activities
Rental income - Temporary Housing|£
214,893
214,893
Unrestricted|**2024**
**Total**
**£**
**214,893**
**214,893**|2023
Total
£
102,072
102,072|
|---|---|---|---|
10
## **Help Bristol's Homeless Charity**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
## **5. Investment income**
|Bank interest
Total investment income|£
122
122
Unrestricted|**2024**
**Total**
**£**
**122**
**122**|2023
Total
£
81
81|
|---|---|---|---|
## **6. Expenditure**
|Incurred seeking donations
Labour costs
Motor expenses
Rent
Rates
Heat and Light
Telephone
Postage
Stationery and printing
Bank charges
Insurance
Software
Repairs and maintenance
Depreciation
Professional fees
Food
Other direct
Other
Total expenditure|Raising
funds
£
9,535
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
9,535|Charitable
activities
£
-
173,139
11,795
3,692
4,055
70,045
6,796
30
1,360
959
7,128
4,945
48,561
65,823
34,498
21,036
1,505
48,027
503,394|£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Support and
governance
costs|**2024 Total**
**£**
**9,535**
**173,139**
**11,795**
**3,692**
**4,055**
**70,045**
**6,796**
**30**
**1,360**
**959**
**7,128**
**4,945**
**48,561**
**65,823**
**34,498**
**21,036**
**1,505**
**48,027**
**512,929**|2023 Total
£
9,785
100,970
12,553
4,259
6,871
37,359
4,477
8,494
1,404
1
4,665
3,565
61,097
47,211
13,868
5,500
1,073
3,611
326,763|
|---|---|---|---|---|---|
11
## **Help Bristol's Homeless Charity**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
## **7. Staff costs and numbers**
Staff costs were as follows:
|**2024**
**£**
Salaries and wages
**158,880**
Social security costs
**3,974**
Pension costs (defined contribution scheme)
**1,405**
**164,259**
No employee earned more than £60,000 during the year (2023: none).
**2024**
**No.**
Average number of employees
**11**|2023
£
83,829
-
1,113
84,942
2023
No.
6|
|---|---|
None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity or a related entity. No trustee expenses have been incurred during the period.
## **8. Taxation**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
12
**Help Bristol's Homeless Charity**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
## **9. Tangible fixed assets**
|**Cost**
At 1 July 2023
Additions in year
Disposals at cost
At 30 June 2024
**Depreciation**
At 1 July 2023
Charge for the year
Eliminated on disposal for the year
At 30 June 2024
**Net book value**
**At 30 June 2024**
At 30 June 2023
**10. Debtors**
Trade debtors
Prepayments and accrued income
Other debtors
**11. Creditors: amounts due within 1 year**
Trade creditors
Accruals and deferred income
Other taxation and social security
Other creditors|Other land
& buildings
£
794,655
103,491
-
898,146
279,333
44,907
-
324,240
**573,906**
515,322|Plant,
machinery
and motor
vehicles
£
66,901
-
-
66,901
4,687
13,380
-
18,067
**48,834**
62,214|Fixtures,
fittings and
equipment
£
36,605
1,638
-
38,243
17,599
7,536
-
25,135
**13,108**
19,006
**2024**
**£**
**18,442**
**914**
**2,254**
**21,610**
**2024**
**£**
**3,164**
**4,800**
**21,655**
**11,291**
**40,910**|**Total**
**£**
**898,161**
**105,129**
**-**
**1,003,290**
**301,619**
**65,823**
**-**
**367,442**
**635,848**
596,542
2023
£
11,417
2,456
-
13,873
2023
£
20,261
1,200
1,274
8,618
31,353|
|---|---|---|---|---|
13
## **Help Bristol's Homeless Charity**
## **Notes to the financial statements**
## **For the year ended 30 June 2024**
## **12. Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
**Net assets at 30 June 2024**
**Movements in funds**
At 1 July
2023
£
897,144
897,144
897,144
**Total funds**
General funds
**Unrestricted funds**
**Total unrestricted**|Income
£
500,175
500,175
500,175|£
(512,929)
(512,929)
(512,929)
Expenditure|£
635,848
289,452
(40,910)
**884,390**
£
-
-
-
Unrestricted
funds
Transfers
between
funds|**Total**
**funds**
**£**
**635,848**
**289,452**
**(40,910)**
**884,390**
**£**
**884,390**
**884,390**
**884,390**
**At 30 June**
**2024**|
|---|---|---|---|---|
## **13. Movements in funds**
## **14. Reconciliation of net movement in funds to net cash flow from operating activities**
|**Net movement in funds**
Adjustments for:
Depreciation charges
Decrease / (increase) in debtors
Increase / (decrease) in creditors
**Net cash provided by / (used in) operating activities**|**2024**
**£**
**(12,754)**
**65,823**
**(7,737)**
**9,557**
**54,767**|2023
£
147,508
47,211
901
26,818
222,357|
|---|---|---|
## **15. Related party transactions**
There were no related party transactions during the period.
14