LEIGHTON-LINSLADE HOMELESS SERVICE
Charitable Incorporated Organisation Registration No. 1182990
LEIGHTON-LINSLADE HOMELESS SERVICE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR 1 APRIL 2020 TO 31 MARCH 2021
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Charles Horsefield James Fairbairn (Chair) Rev Winifred Jones MBE Francis Reedy Maureen Sharratt (18 March – 17 October 2020) Michaela Wickham-Hills (5 November 2020 – 21 January 2021) Charity number 1182990 Principal address Black Horse House 21 North Street LEIGHTON BUZZARD LU7 1EQ
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LEIGHTON-LINSLADE HOMELESS SERVICE
TRUSTEES' REPORT FOR THE YEAR 1 APRIL 2020 TO 31 MARCH 2021
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's constitution, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
Objectives and activities
The objective and aim of the service is the relief of homeless people in Leighton Buzzard and Linslade by providing such people with accommodation support, facilities and services which they could not otherwise afford through lack of means.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance and Statement of Going Concern
Two further attempts were made to enable online banking for the organisation which were unsuccessful. As a result, all the operational activity of the Homeless Service has continued to be undertaken through the associated Registered Charity No. 1117896 whose annual report and accounts should be consulted for more details. As the night shelter is now closed, no further attempts to move over to the CIO will be made until the future of the work of this charity is clear.
The assumption of duties to the homeless by the Local Authority has meant that night shelter closed in early 2021. The food bank continues to operate out of the Black Horse but alternative premises are being sought which are most suitable and cost effective due to the high running costs of the Black Horse.
Financial review
The CIO received donation income of £437.60. The CIO incurred expenditure £184.47 on behalf of the associated charity. As the income is less than £25,000, there is no requirement for an independent examination of the accounts.
Structure, governance and management
The trustees are listed on the previous page.
The charity operates under a constitution registered with the Charity Commission on 15 April 2019.
The charity is controlled by a Board of Trustees which meets regularly. The day-to-day work of the night shelter was carried out principally by the Coordinator employed by the other charity. The food bank is currently run by volunteers.
Trustees are recruited because of their relevant areas of expertise, experience and interest and are appointed by the Trustee Board. No training is given to new trustees because they are appointed on the basis of their expertise and experience.
The trustees' report was approved by the Board of Trustees.
James Fairbairn
Trustee
Dated: 7 July 2021
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
LEIGHTON-LINSLADE HOMELESS SERVICE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR 1 APRIL 2020 TO 31 MARCH 2021
| Income From Donations and Legacies Total Income Expenditure On Charitable Activities Total Expenditure Net Expenditure for the year/ Net Movement in Funds Fund Balances at 1 April 2020 Fund Balances at 31 March 2021 |
Unrestricted Restricted Total Total Funds Funds 2020-21 2019-20 £ £ £ £ 437 - 437 1,300 |
|---|---|
| 437 - 437 1,300 |
|
| 184 - 184 - |
|
| 184 - 184 - |
|
| 253 253 1,300 1,300 - 1,300 - |
|
| 1,553 0 1,553 1,300 |
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LEIGHTON-LINSLADE HOMELESS SERVICE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
BALANCE SHEET
AS AT 31 MARCH 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Current Assets | ||||
| Cash at bank | 1,553 | 1,300 | ||
| Net current assets/(liabilities) | 1,553 | 1,300 | ||
| Income Funds | ||||
| Unrestricted Funds | 1,553 | 1,300 | ||
| Restricted Funds | - | - | ||
| Total Funds | 1,553 | 1,300 |
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LEIGHTON-LINSLADE HOMELESS SERVICE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
NOTES TO THE FINANCIAL STATEMENTS
Charity information
Leighton-Linslade Homeless Service is a charitable incorporated organisation whose objective and aim is the relief of homeless people in Leighton Buzzard and Linslade. It is registered with the Charity Commission.
1.1 Accounting convention
The accounts have been prepared in accordance 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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The accounts 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 accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
See the above statement on Going Concern.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. The charity has no endowment funds.
1.4 Incoming resources
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.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts
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LEIGHTON-LINSLADE HOMELESS SERVICE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.
1.5 Resources expended
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.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7 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.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans 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.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
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LEIGHTON-LINSLADE HOMELESS SERVICE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.8 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.
1.9 Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Description of charitable activities
Homeless services
Provision of homeless services
4 Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year, but some of them were reimbursed expenses properly incurred by them in the course of their duties.
5 Employees
The charity has no employees.
6 Operating lease commitments
At the reporting end date the charity had no outstanding commitments for future minimum lease payments under non-cancellable operating leases.
7 Related party transactions
There were no related party transactions.
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