DocuSign Envelope ID: 9B83C3C7-F2AD-494E-A7E0-83E2496B882D
IMPACT ON THE STREET
TRUSTEES' REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023 REGISTERED CHARITY NO. 11862571
DocuSign Envelope ID: 9B83C3C7-F2AD-494E-A7E0-83E2496B882D
IMPACT ON THE STREET
REGISTERED CHARITY NUMBER 1182571
CONTENTS
| Page | |
|---|---|
| Legal and administrative information | 3 |
| Report to the trustees | 4-5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Statement of Assets and Liabilities | 8 |
| Notes forming part of the accounts | 9-11 |
DocuSign Envelope ID: 9B83C3C7-F2AD-494E-A7E0-83E2496B882D
IMPACT ON THE STREET
TRUSTEES' REPORT AND ACCOUNTS
TRUST INFORMATION
Trustees
Emma Fox Chairman Jennifer Gross Louise Hakim Brooke Simons (appointed 6 December 2022)
Principal Office
14 David Mews London W1U 6EQ
Independent Examiner
Emma Benjamin Oliver Clive and Co Limited Chartered Accountants 14 David Mews London W1U 6EQ
3
DocuSign Envelope ID: 9B83C3C7-F2AD-494E-A7E0-83E2496B882D
IMPACT ON THE STREET
TRUSTEES ' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their report together with the accounts of the charity for the year ended 31 March 2023
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 trust deed, the Charities SORP (FRS102) 'Accounting and Reporting by Charities: Statement of Recommended Practice' (effective 1 january 2015) and the Charities Act 2011.
Structure, governance and management
The Charity is constituted by Deed of Trust dated 19th December 2000. The powers of the charity, which is unincorporated, are set out in its Trust Deed and in the amending deed dated 15th March 2001.
The trustees who served during the year were:
E Fox J Gross L Hakim B Simons
The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits.
The existing trustees are responsible for the recruitment of new trustees. New trustees receive information as laid down by the Charity Commission and induction by the Chair of Trustees.
Objectives and activities
The objectives of this charity are to provide relief of poverty or financial hardship among homeless people living in Greater London in particular but not exclusively by providing bedding, clothing and personal care items to relieve their needs.
Achievement and performance
We achieve the Charity objectives by raising funds through social media and campaigns in order to create care packages consisting of bedding, clothing and personal care items. Distributing care packages to homeless people in the Greater London area. We have also presented our charity and it's objectives to some corporate companies who have thereafter provided donations to us.
Financial review and investment policy
Reserves policy
It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months expenditure. The trustees consider that funds at this level will ensure that in the event of a significant drop in funding they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. The level of reserves has fallen below this level at the year end.
DocuSign Envelope ID: 9B83C3C7-F2AD-494E-A7E0-83E2496B882D
IMPACT ON THE STREET
TRUSTEES ' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023
Risk management
The trustees have examined the major, strategic, business and operational risks that the charity faces and confirm that the systems have been established to ensure that these risks are minimised.
Independent examiner
The trustees appointed an independent examiner to undertake the independent examination of the charity.
Trustees' responsibilities in relation to the financial statements
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for
In preparing these financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP (FRS 102);
-
make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any
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material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.
Trustees
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at
08 January 2024 Approved by the trustees on and signed on their behalf by
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J Goss (Trustee)
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DocuSign Envelope ID: 9B83C3C7-F2AD-494E-A7E0-83E2496B882D
IMPACT ON THE STREET
INDEPENDENT EXAMINER'S REPORT FOR THEYEAR ENDED 31 MARCH 2023
I report on the accounts of the Trust for the year ended 31 March 2023, which are set on pages 7 to 11.
Respective responsibilities of trustees and examiners
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(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Act
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to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the Act; and
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to state whether particular matters have come to my attention
Basis of independent examiners' report
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 the seeking of explanations from you as 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 examiners' statement
In connection with my examination, no matter has come to my attention:
- (a) which gives me reasonable cause to believe that in any material respect the requirements: (i) to keep accounting records in accordance with section 130 of the 2011 Act; and (ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Emma Benjamin CA Independent Examiner 14 David Mews Oliver Clive and Co Limited London Chartered Accountants W1U 6EQ 09 January 2024
Dated …………………………..
DocuSign Envelope ID: 9B83C3C7-F2AD-494E-A7E0-83E2496B882D
IMPACT ON THE STREET REGISTERED CHARITY NO. 1182571 Income statement
| Notes Incoming resources from generated funds Donations and events Total incoming resources Resources expended Cost of charitable activities Donations 8 Cost of generating funds Management and administration 8 Total resources expended Net surplus/(deficit) for the year and net movement in funds Fund balance at 21 March 2022 Fund balance at 31 March 2023 |
£ 7,599 7,599 40,211 876 41,086 (33,488) 50,702 17,214 Unrestricted Funds |
£ - - - - - Restricted Funds |
2023 Total £ 7,599 7,599 40,211 876 41,086 (33,488) 17,214 |
2022 Total £ 54,534 |
|---|---|---|---|---|
| 54,534 | ||||
| 19,041 2,138 |
||||
| 21,179 | ||||
| 33,355 - 17,347 |
||||
| 50,702 |
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the incoming resources and resources expended derive from continuing activities.
The notes on pages 9 - 11 form part of these financial statements.
DocuSign Envelope ID: 9B83C3C7-F2AD-494E-A7E0-83E2496B882D
IMPACT ON THE STREET REGISTERED CHARITY NO. 1182571 STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2023
| CURRENT ASSETS Debtors Cash at bank TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS Restricted funds Unrestricted funds |
2023 2022 £ £ - - 17,214 50,702 |
|---|---|
| 17,214 50,702 - - |
|
| 17,214 50,702 |
The financial statements set out on pages 7 to 11 were approved by the Trustees on 08 January 2024 and were signed on their behalf by:
J Goss (Trustee)
DocuSign Envelope ID: 9B83C3C7-F2AD-494E-A7E0-83E2496B882D
IMPACT ON THE STREET NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
1.1 Basis of accounting
These financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated.
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)).
1.2 Incoming Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when received.
The value of services provided by volunteers has not been included.
1.3 Resources Expended
All expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be recovered and is included in the relevant costs in the statement of financial activities.
Direct expenditure comprise the cost of donations made; other expenditure includes costs incurred by the charity in delivery of its activities and services for its beneficiaries. Governance costs are those incurred in connection with the administration of the charity and compliance with the constitutional and statutory requirements.
1.4 Fund Accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in the furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are subject to specific conditions by donors as to how they may be used.
2 Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year, and none of them were reimbursed any expenses.
DocuSign Envelope ID: 9B83C3C7-F2AD-494E-A7E0-83E2496B882D
IMPACT ON THE STREET NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
3 Accountancy
Net deficit are stated after charging:
2023 2022 £ £ - - Independent examiners fee
4 Donations paid
The amount paid in the year comprised of the following grants.:
| Donations - Purchase of Goods For Distribution | 2023 £ 40,211 40,211 |
2022 £ 19,041 |
|---|---|---|
| 19,041 |
5 Statement of restricted funds
All funds generated in the year related to unrestricted funds not designated for particular purposes.
6 Statement of unrestricted funds
| Movement in the year Movement in the year |
31-Mar Incoming Resources 31-Mar 2022 Resources Expended 2023 £ £ £ £ 50,702 7,599 (41,086) 17,214 |
|---|---|
| 50,702 7,599 (41,086) 17,214 |
|
| 31-Mar Incoming Resources 31-Mar 2021 Resources Expended 2022 £ £ £ £ 17,347 54,534 (21,179) 50,702 |
|
| 17,347 54,534 (21,179) 50,702 |
7 Analysis of net assets between funds
| Current assets | Unrestricted Funds Restricted Funds Total £ £ £ 17,214 - 17,214 |
|---|---|
| 17,214 - 17,214 |
DocuSign Envelope ID: 9B83C3C7-F2AD-494E-A7E0-83E2496B882D
IMPACT ON THE STREET NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
8 Resources expended - Expenditure on raising funds
The amount paid in the year comprised of the following:
| Donations Computer Costs Just giving charges Printing |
2023 2022 £ £ £ Restricted Unrestricted Total funds funds funds - 40,211 40,211 40,211 - 719 719 1,438 - 126 126 252 - 31 31 62 |
|---|---|
| - 41,086 41,086 82,173 |
9 Resources expended - Expenditure on charitable activities
| Bank Charges Printing Computer Costs |
2023 2022 £ £ £ £ Restricted Unrestricted Total Total funds funds funds funds 126 126 360 31 31 347 719 719 1,431 |
|---|---|
| - 876 876 2,138 |