REGISTERED CHARITY NUMBER: 1184331
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
Off the Streets CIO
Butlers Chartered Accountants Suite 6 Burley House 15 High Street Rayleigh Essex SS6 7EW
Off the Streets CIO
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | to | 6 |
| Balance Sheet | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 17 |
| Detailed Statement of Financial Activities | 18 | to | 19 |
Off the Streets CIO
Report of the Trustees for the Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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
Objectives and aims
The relief of poverty for the benefit of people who are homeless or rough sleepers in Southend-on-Sea and the surrounding area, in particular but not exclusively, by providing short term accommodation and supporting and assisting those homeless persons who want to escape homelessness by providing signposting/advocacy and provide support for up to 6 months to enable rough sleepers to move into more permanent accommodation.
The aims of the charity are to build a community for those in need of shelter.
-
To offer support to those in need and encourage engagement with other appropriate services,
-
To be part of the solution of homelessness
-
To help transition homeless to stable suitable maintainable accommodation and possible employment.
Significant activities
The charity provides support to homeless people within Southend City and the surrounding areas to move from chaotic, often abusive lives into independent, self-sufficient lifestyles. Primary support includes the provision of food, clothing, bedding, toiletries, gas & electricity top-ups and all other essential items. Additionally, the charity supports guests in areas of employment, mental health, domestic abuse and alcohol & drug addiction. Off The Streets also supports people in finding & moving into permanent accommodation and provides after support to help them maintain their tenancies.
Public benefit
The trustees have considered their requirements for ensuring public benefit and believe that the charity meets these requirements comfortably in light of the work performed.
Grantmaking
The charity has no plans to make charitable grants to any individual or charitable body.
Volunteers
The charity currently employs two paid staff but otherwise relies on a team of volunteers for service delivery. During 2022, the charity had 35 volunteers on it's books together with 9 volunteer trustees.
ACHIEVEMENT AND PERFORMANCE
Fundraising activities
The charity purchased a former hotel in Westcliff-on-Sea on the 8/3/22 for £610,000. This was achieved through a 4 year bridging loan (£400,000) from a Charitable Trust, an interest free loan of £180,000 from a long standing benefactor and a £50,000 grant from a Family Charitable Trust. Additionally, the charity has continued to build upon a body of loyal monthly donors and has been successful in attracting a range charitable grants throughout the year.
FINANCIAL REVIEW
Principal funding sources
The charity obtains the majority of it's funding from charitable grants, asset forfeiture, regular and one off local donations. This is intended to change in future when the charity will review it's funding model and business case.
Reserves policy
The charity has set a reserves policy of maintaining reserves of a maximum of £15,000.
FUTURE PLANS
The charity plans to convert the hotel it purchased into a homelessness shelter providing seven en-suite bedrooms, two of which can accommodate homeless couples. A ground floor room will be adapted for accessibility to accommodate disabled homeless people. Before the shelter becomes operational, the charity will seek to raise the funds required to pay for the extensive refurbishment work on the building.
Page 1
Off the Streets CIO
Report of the Trustees for the Year Ended 31 December 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a constitution of organisation and constitutes an unincorporated not for profit organisation.
Charity constitution
The current constitution was adopted and approved by the trustees on 2nd April 2018 and copies are available for viewing upon request to the charity registered office.
Recruitment and appointment of new trustees
The Trustees frequently monitor skills lacking in the existing board and once the ideal skill/experience profile has been identified, a recruitment plan will be formulated. This will identify the most appropriate resources from which applicants might be found. Preference should be given to advertisement in the media, volunteer bureau, and direct approaches to professional bodies and to other voluntary organisations. Our intention is to promote diversity and to avoid conflicts of interest.
Off the Streets seeks to ensure diversity in it's board of trustees as well as in its staff base and consideration will be given to ways in which groups that are under-represented on the board might be reached and encouraged to apply. However, at the point of selection the Trustees will be selected in line with the charity's Equal Opportunities Policy.
Organisational structure
The day-to-day operation of the charity is managed by the Shelter Manager and Shelter Supervisor. This includes line management responsibility for the volunteers and Shift Managers.
The charity's development is supported by three sub-groups consisting of trustees. These include Grants & Fundraising, Comms & Marketing and Building. These sub groups report to the Board of Trustees which is responsible for the strategic direction of the charity.
Operational Manager:
Miss Kirsty Fields - Shelter Manager Ms Karen Fields - Shelter Supervisor
Induction and training of new trustees
Possible candidates are interviewed by members of the trustee board and once appointed undergo an initial induction and then ongoing training is provided at regular periods. This is done to ensure that trustees are fully equipped to understand their legal responsibilities and perform their duties appropriately.
Related parties
A register of related parties is maintained and presented at every trustee meeting. A policy in relation to related business interests exists and is updated with any relevant amendments.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1184331
Principal address
3 Trinity Avenue Westcliff on Sea Essex SS0 7PU
Page 2
Off the Streets CIO
Report of the Trustees for the Year Ended 31 December 2022
Trustees
Ms S Mortimore Miss K Fields D Thomas E Perry Ms K Fields Mrs S Parkinson Mrs C Jardim Mrs V Bloomfield (resigned 20.10.2022) Mrs E V Priest Chairman (appointed 12.2.2022) Mrs R Reed (appointed 13.8.2022)
Independent Examiner
Butlers Chartered Accountants Suite 6 Burley House 15 High Street Rayleigh Essex SS6 7EW
Approved by order of the board of trustees on 6 April 2023 and signed on its behalf by:
Mrs E V Priest - Trustee
Page 3
Independent Examiner's Report to the Trustees of Off the Streets CIO
Independent examiner's report to the trustees of Off the Streets CIO
I report to the charity trustees on my examination of the accounts of Off the Streets CIO (the Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns 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 be reached.
H Meagher FCA ICAEW Butlers Chartered Accountants Suite 6 Burley House 15 High Street Rayleigh Essex SS6 7EW
6 April 2023
Page 4
Off the Streets CIO
Statement of Financial Activities for the Year Ended 31 December 2022
| Designated fund - Trinity Centre General Refurbishment Unrestricted Fund. Fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies - 69,521 Charitable activities Homeless Shelter - - Other trading activities 2 - 943 Investment income 3 - 46 Total - 70,510 EXPENDITURE ON Raising funds - 7,463 Charitable activities Homeless Shelter - 54,575 Total - 62,038 NET INCOME - 8,472 RECONCILIATION OF FUNDS Total funds brought forward 10,000 54,232 TOTAL FUNDS CARRIED FORWARD 10,000 62,704 |
Restricted funds £ 5,000 79,403 - - 84,403 2,993 34,197 37,190 47,213 69,370 116,583 |
31.12.22 31.12.21 Total Total funds funds £ £ 74,521 73,098 79,403 65,000 943 2,327 46 28 154,913 140,453 10,456 15,326 88,772 44,189 99,228 59,515 55,685 80,938 133,602 52,774 189,287 133,712 |
31.12.22 31.12.21 Total Total funds funds £ £ 74,521 73,098 79,403 65,000 943 2,327 46 28 154,913 140,453 10,456 15,326 88,772 44,189 99,228 59,515 55,685 80,938 133,602 52,774 189,287 133,712 |
|---|---|---|---|
| 140,453 | |||
| 15,326 44,189 |
|||
| 59,515 | |||
| 80,938 52,774 |
|||
| 133,712 |
The notes form part of these financial statements
Page 5
Off the Streets CIO
Statement of Financial Activities for the Year Ended 31 December 2022
Surplus and Deficit Account 968
Posting discrepancies were found in the reserve accounts listed below. This is because the brought forward postings in the current year are not equal to the figures carried forward by IRIS at the end of last year. Please check your postings in the brought forward account for the surplus and deficit account 968.
| Unrestricted | ||
|---|---|---|
| funds | Total funds | |
| £ | £ | |
| Brought forward - 968/1 | 64,232 | 64,232 |
| Carried forward | 64,342 | 64,342 |
| Difference | 110 | 110 |
Post to relevant accounts (see UCHA chart of accounts for further details)
The notes form part of these financial statements
Page 6
Off the Streets CIO
Balance Sheet 31 December 2022
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Debtors 8 Cash at bank 9 CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 11 NET ASSETS |
Designated fund - Trinity Centre Refurbishment Fund. £ - - 10,000 10,000 - 10,000 10,000 - 10,000 |
General Unrestricted Fund £ 588,407 1,000 78,029 79,029 (36,732) 42,297 630,704 (568,000) 62,704 |
Restricted funds £ 52,008 - 69,516 69,516 (4,941) 64,575 116,583 - 116,583 |
31.12.22 Total funds £ 640,415 1,000 157,545 158,545 (41,673) 116,872 757,287 (568,000) 189,287 |
31.12.21 Total funds £ 14,150 2,596 122,616 125,212 (5,650) 119,562 133,712 - 133,712 |
|---|---|---|---|---|---|
The notes form part of these financial statements
continued...
Page 7
Off the Streets CIO
Balance Sheet - continued 31 December 2022
| Designated fund - Trinity Centre General Refurbishment Unrestricted Restricted Fund. Fund funds Notes £ £ £ FUNDS 15 Unrestricted funds: General fund Designated fund Restricted funds: National Lottery Awards 4 All Fund Mulberry Trust Grant Woodford Family Charitable Trust Southend Emergency Support Fund Society of the Holy Child Jesus Rosco Trust Department of Housing and Communities Community Investment Board B & Q Foundation Aviva Community Crowdfunding TOTAL FUNDS |
31.12.22 Total funds £ 62,704 10,000 72,704 2,203 - 50,000 5,196 7,500 4,340 29,292 10,000 5,000 3,052 116,583 189,287 |
31.12.21 Total funds £ 54,342 10,000 |
|---|---|---|
| 64,342 | ||
| 4,370 15,000 50,000 - - - - - - - |
||
| 69,370 | ||
| 133,712 |
The financial statements were approved by the Board of Trustees and authorised for issue on 6 April 2023 and were signed on its behalf by:
E V Priest - Trustee
E Perry - Trustee
The notes form part of these financial statements
Page 8
Off the Streets CIO
Notes to the Financial Statements for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 33% on cost Computer equipment - 33% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
Page 9
Off the Streets CIO
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
2. OTHER TRADING ACTIVITIES
3.
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Fundraising events | 943 | 2,327 |
| INVESTMENT INCOME | ||
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Deposit account interest | 46 | 28 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Mr D Thomas, a trustee of the business was employed by the charity in the year. Mr Thomas was employed to perform fundraising duties as per an employment contract. The services provided are outside the scope of services expected of a Trustee and guidance was obtained from The Charity Commission prior to the appointment.
Remuneration paid to Mr D Thomas in the year was £2,993 (2021: £nil).
Mrs K Fields, a trustee of the business was employed by the charity in the year. Mrs Fields was employed to perform managerial duties as per an employment contract. The services provided are outside the scope of services expected of a Trustee and guidance was obtained from The Charity Commission prior to the appointment.
Remuneration paid to Mrs Fields in the year was £15,000 (2021: £nil).
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.12.22 | 31.12.21 | |
|---|---|---|
| Volunteer manager - delivery | 1 | 2 |
| Manager | 1 | - |
| Fundraiser | 1 | - |
| 3 | 2 |
No employees received emoluments in excess of £60,000.
continued...
Page 10
Off the Streets CIO
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Designated fund - Trinity Centre General Refurbishment Unrestricted Fund. Fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 10,000 53,618 Charitable activities Homeless Shelter - - Other trading activities - 2,327 Investment income - 28 Total 10,000 55,973 EXPENDITURE ON Raising funds - 15,326 Charitable activities Homeless Shelter - 40,379 Total - 55,705 NET INCOME 10,000 268 Transfers between funds - 1,300 Net movement in funds 10,000 1,568 RECONCILIATION OF FUNDS Total funds brought forward - 52,774 TOTAL FUNDS CARRIED FORWARD 10,000 54,342 |
Restricted funds £ 9,480 65,000 - - 74,480 - 3,810 3,810 70,670 (1,300) 69,370 - 69,370 |
Total funds £ 73,098 65,000 2,327 28 |
|---|---|---|
| 140,453 | ||
| 15,326 44,189 |
||
| 59,515 | ||
| 80,938 - |
||
| 80,938 52,774 |
||
| 133,712 |
continued...
Page 11
Off the Streets CIO
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
7. TANGIBLE FIXED ASSETS
| Fixtures Freehold and property fittings £ £ COST At 1 January 2022 4,156 3,215 Additions 629,222 - At 31 December 2022 633,378 3,215 DEPRECIATION At 1 January 2022 - 2,143 Charge for year - 179 At 31 December 2022 - 2,322 NET BOOK VALUE At 31 December 2022 633,378 893 At 31 December 2021 4,156 1,072 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments |
Motor vehicles £ 12,200 - 12,200 4,284 2,639 6,923 5,277 7,916 |
Computer equipment £ 1,719 499 2,218 713 638 1,351 867 1,006 31.12.22 £ 1,000 - 1,000 |
Totals £ 21,290 629,721 |
Totals £ 21,290 629,721 |
|---|---|---|---|---|
| 651,011 | ||||
| 7,140 3,456 |
||||
| 10,596 | ||||
| 640,415 | ||||
| 14,150 | ||||
| 31.12.21 £ 1,460 1,136 2,596 |
||||
| 2,596 |
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
9. CASH AT BANK
Cash at bank balances for 2021 include £50,000 held on the charity's behalf at Paul Robinsons Solicitors within their client bank account.
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 37 | 3,843 |
| Taxation and social security | 765 | - |
| Other creditors | 40,871 | 1,807 |
| 41,673 | 5,650 |
continued...
Page 12
Off the Streets CIO
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| Other creditors 12. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Other loans Amounts falling due between two and five years: Other loans - 2-5 years Amounts falling due in more than five years: Repayable by instalments: Other loans more 5yrs instal 13. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: Within one year 14. SECURED DEBTS The following secured debts are included within creditors: Other loans |
31.12.22 £ 568,000 31.12.22 £ 12,000 436,000 132,000 31.12.22 £ - 31.12.22 £ 580,000 |
31.12.21 £ - |
|---|---|---|
| 31.12.21 £ - |
||
| - | ||
| - 31.12.21 £ 6,600 31.12.21 £ - |
The above loans are secured upon the property of 3 Trinity Avenue, Westcliff on Sea, Essex, SS0 7PU.
continued...
Page 13
Off the Streets CIO
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
15. MOVEMENT IN FUNDS
| Unrestricted funds General fund Designated fund Restricted funds National Lottery Awards 4 All Fund Woodford Family Charitable Trust Southend Emergency Support Fund Society of the Holy Child Jesus Rosco Trust Department of Housing and Communities Community Investment Board B & Q Foundation Aviva Community Crowdfunding TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds National Lottery Awards 4 All Fund Southend Emergency Support Fund Society of the Holy Child Jesus Rosco Trust Department of Housing and Communities Tuckwick Foundation Community Investment Board B & Q Foundation Aviva Community Crowdfunding TOTAL FUNDS |
At 1.1.22 £ 54,232 10,000 64,232 4,370 50,000 - - - 15,000 - - - 69,370 133,602 Incoming resources £ 70,510 - 20,000 15,000 5,000 17,285 3,000 10,000 5,000 9,118 84,403 154,913 |
Net movement At in funds 31.12.22 £ £ 8,472 62,704 - 10,000 8,472 72,704 (2,167) 2,203 - 50,000 5,196 5,196 7,500 7,500 4,340 4,340 14,292 29,292 10,000 10,000 5,000 5,000 3,052 3,052 47,213 116,583 55,685 189,287 Resources Movement expended in funds £ £ (62,038) 8,472 (2,167) (2,167) (14,804) 5,196 (7,500) 7,500 (660) 4,340 (2,993) 14,292 (3,000) - - 10,000 - 5,000 (6,066) 3,052 (37,190) 47,213 (99,228) 55,685 |
|---|---|---|
continued...
Page 14
Off the Streets CIO
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.1.21 in funds £ £ Unrestricted funds General fund 52,774 268 Designated fund - 10,000 52,774 10,268 Restricted funds National Lottery Awards 4 All Fund - 5,670 Mulberry Trust Grant - 15,000 Woodford Family Charitable Trust - 50,000 - 70,670 TOTAL FUNDS 52,774 80,938 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 55,973 Designated fund 10,000 65,973 Restricted funds National Lottery Awards 4 All Fund 9,480 Mulberry Trust Grant 15,000 Woodford Family Charitable Trust 50,000 74,480 TOTAL FUNDS 140,453 |
Transfers between At funds 31.12.21 £ £ 1,300 54,342 - 10,000 1,300 64,342 (1,300) 4,370 - 15,000 - 50,000 (1,300) 69,370 - 133,712 Resources Movement expended in funds £ £ (55,705) 268 - 10,000 (55,705) 10,268 (3,810) 5,670 - 15,000 - 50,000 (3,810) 70,670 (59,515) 80,938 |
Transfers between At funds 31.12.21 £ £ 1,300 54,342 - 10,000 1,300 64,342 (1,300) 4,370 - 15,000 - 50,000 (1,300) 69,370 - 133,712 Resources Movement expended in funds £ £ (55,705) 268 - 10,000 (55,705) 10,268 (3,810) 5,670 - 15,000 - 50,000 (3,810) 70,670 (59,515) 80,938 |
|---|---|---|
| 10,268 5,670 15,000 50,000 |
||
| 70,670 | ||
| 80,938 |
Page 15
continued...
Off the Streets CIO
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Designated fund Restricted funds National Lottery Awards 4 All Fund Mulberry Trust Grant Woodford Family Charitable Trust Southend Emergency Support Fund Society of the Holy Child Jesus Rosco Trust Department of Housing and Communities Community Investment Board B & Q Foundation Aviva Community Crowdfunding TOTAL FUNDS |
At 1.1.21 £ 52,774 - 52,774 - - - - - - - - - - - 52,774 |
Net movement in funds £ 8,740 10,000 18,740 3,503 15,000 50,000 5,196 7,500 4,340 14,292 10,000 5,000 3,052 117,883 136,623 |
Transfers between funds £ 1,300 - 1,300 (1,300) - - - - - - - - - (1,300) - |
At 31.12.22 £ 62,814 10,000 |
|---|---|---|---|---|
| 72,814 2,203 15,000 50,000 5,196 7,500 4,340 14,292 10,000 5,000 3,052 |
||||
| 116,583 | ||||
| 189,397 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Designated fund Restricted funds National Lottery Awards 4 All Fund Mulberry Trust Grant Woodford Family Charitable Trust Southend Emergency Support Fund Society of the Holy Child Jesus Rosco Trust Department of Housing and Communities Tuckwick Foundation Community Investment Board B & Q Foundation Aviva Community Crowdfunding TOTAL FUNDS |
Incoming resources £ 126,483 10,000 136,483 9,480 15,000 50,000 20,000 15,000 5,000 17,285 3,000 10,000 5,000 9,118 158,883 295,366 |
Resources Movement expended in funds £ £ (117,743) 8,740 - 10,000 (117,743) 18,740 (5,977) 3,503 - 15,000 - 50,000 (14,804) 5,196 (7,500) 7,500 (660) 4,340 (2,993) 14,292 (3,000) - - 10,000 - 5,000 (6,066) 3,052 (41,000) 117,883 (158,743) 136,623 |
Resources Movement expended in funds £ £ (117,743) 8,740 - 10,000 (117,743) 18,740 (5,977) 3,503 - 15,000 - 50,000 (14,804) 5,196 (7,500) 7,500 (660) 4,340 (2,993) 14,292 (3,000) - - 10,000 - 5,000 (6,066) 3,052 (41,000) 117,883 (158,743) 136,623 |
|---|---|---|---|
| 18,740 3,503 15,000 50,000 5,196 7,500 4,340 14,292 - 10,000 5,000 3,052 |
|||
| 117,883 | |||
| 136,623 |
Page 16
continued...
Off the Streets CIO
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
16. CAPITAL COMMITMENTS
| CAPITAL COMMITMENTS | ||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Contracted but not provided for in the financial statements | - | 7,854 |
Capital commitments in 2021 were in relation to legal costs arising from the purchase of the property at Trinity Avenue after the balance sheet date.
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
18. FUNDS HELD
The charity holds the following funds for the purposes shown:
Designated funds - Funds designated from unrestricted donations with the agreed purpose of refurbishing the new homeless centre at Trinity Avenue.
Restricted Funds -
Mulberry Charitable Trust and Woodward Charitable Trust - Funds held for towards the new homeless centre refurbishment of the Trinity Avenue.
National Lottery Awards 4 All - Funds held for restricted project working with beneficiaries.
Department for Housing and Communities - Funds held for the operation of the service of the homeless centre.
Society of Child Jesus Christ - Funds held towards salary for Centre Manager.
Rosco Trust - Funds held for refurbishment of homeless centre at Trinity Avenue.
Southend Emergency Crisis Fund - Funds held for emergency welfare needs of homeless people using the centre.
Page 17
Off the Streets CIO
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 69,292 | 50,346 |
| Grants | 5,229 | 22,752 |
| 74,521 | 73,098 | |
| Other trading activities | ||
| Fundraising events | 943 | 2,327 |
| Investment income | ||
| Deposit account interest | 46 | 28 |
| Charitable activities | ||
| Grants | 79,403 | 65,000 |
| Total incoming resources | 154,913 | 140,453 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Fundraising costs | 7,223 | 15,326 |
| Other trading activities | ||
| Wages | 2,993 | - |
| Social security | 240 | - |
| 3,233 | - | |
| Charitable activities | ||
| Wages | 15,000 | - |
| Social security | 175 | - |
| Rent | 3,332 | 7,180 |
| Insurance | 4,019 | 959 |
| Light and heat | 2,336 | 400 |
| Telephone | 1,052 | 1,058 |
| Advertising | 358 | 220 |
| Beneficiary travel and accommo dation | 798 | 692 |
| Beneficiary welfare | 12,643 | 6,314 |
| Beneficiary catering | 7,098 | 4,845 |
| Printing, postage and statione ry | 178 | 399 |
| Motor and travel expenses | 6,075 | 5,357 |
| Property securement | - | 6,000 |
| Cleaning | 1,859 | 1,388 |
| Repairs and renewals | 3,075 | 1,527 |
| Computer expenses | 6,502 | 307 |
| Subscriptions | 430 | 674 |
| Bookkeeping | 2,824 | 2,673 |
| Carried forward | 67,754 | 39,993 |
This page does not form part of the statutory financial statements
Page 18
Off the Streets CIO
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 December 2022 | ||
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Charitable activities | ||
| Brought forward | 67,754 | 39,993 |
| Professional fees | 3,121 | (1,756) |
| Fixtures and fittings | 179 | 536 |
| Motor vehicles | 2,639 | 3,958 |
| Computer equipment | 639 | 438 |
| Bank loan interest | 12,750 | - |
| 87,082 | 43,169 | |
| Support costs | ||
| Finance | ||
| Bank charges | 54 | - |
| Governance costs | ||
| Auditors' remuneration for non audit work | 1,236 | 1,020 |
| Legal costs | 400 | - |
| 1,636 | 1,020 | |
| Total resources expended | 99,228 | 59,515 |
| Net income | 55,685 | 80,938 |
This page does not form part of the statutory financial statements
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