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2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1184331

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Off the Streets CIO

Butlers Chartered Accountants 1434 London Road Leigh on Sea Essex SS9 2UL

Off the Streets CIO

Contents of the Financial Statements for the Year Ended 31 December 2023

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Cash Flow Statement 8
Notes to the Cash Flow Statement 9
Notes to the Financial Statements 10 to 20
Detailed Statement of Financial Activities 21 to 22

Off the Streets CIO

Report of the Trustees for the Year Ended 31 December 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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 3 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.

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 2023, the charity had 35 volunteers on it's books (20 actively involved) together with 8/9 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 of £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 of charitable grants throughout the year.

FINANCIAL REVIEW

Principal funding sources

The charity obtains the majority of it's funding from charitable grants, 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’s Reserves ceiling stood at £15,000 up until 30th October 2023 when the Reserves Policy was amended to raise the reserves level. This is now set at a maximum of £36,000, the equivalent of 3 months running costs.

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 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a constitution of organisation and constitutes a charitable incorporated not for profit organisation.

Charity constitution

The current constitution was adopted and approved by the trustees on 2nd April 2018, as amended at the charity AGM on 13/8/2022. Copies are available for viewing upon request to the charity registered office.

Recruitment and appointment of new trustees

The recruitment and appointment of all new trustees is outlined in the charity’s Recruitment and Induction of Trustees Policy.

Whenever a trustee leaves the Board, a skills audit of the trustees will be carried out. Efforts at recruiting a replacement will take account of the skills audit and of the skills being lost by the departure. Consideration must also be given to any specific roles or duties that the individual leaving the Trustees was undertaking.

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 through social media, volunteer bureau, direct approaches to professional bodies and to other voluntary organisations.

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 Management:

Miss Kirsty Fields - Shelter Manager Ms Karen Fields - Shelter Supervisor

Charity Development Officer

The Charity Development Officer, Del Thomas, is a paid employee ostensibly responsible for fundraising & networking.

Induction and training of new trustees

All new trustees will be formally contacted in writing to welcome them as a trustee and to confirm their appointment. Off The Streets recognises that a proper induction of trustees is an integral part of the process of ensuring that trustees can become valuable and effective members of the board as quickly as possible

New trustees will receive an induction pack containing copies of all key documents relating to the work of the charity and to their duties as a trustee.

Off The Streets is committed to the training, support and development of their trustees in order to increase the contribution that the board can make to the charity’s management.

The induction process marks the beginning of an on-going programme of trustee training and development and to ensure that trustees can continue to make an effective contribution to the charity. The level of training and support which trustees need, will vary depending on their knowledge and level of experience.

Page 2

Off the Streets CIO

Report of the Trustees for the Year Ended 31 December 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT Related parties

The charity’s position in relation to related business interests is contained within the Conflict of Interest policy. The purpose of this policy is to protect the integrity of Off The Streets’ decision-making process, to enable our stakeholders to have confidence in our integrity and to protect the integrity and reputation of volunteers, employees and trustees alike.

At the start of each Trustee Executive Committee meeting, declarations are invited of any conflict of interest under Section 7 of the Constitution.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1184331

Principal address

3 Trinity Avenue Westcliff on Sea Essex SS0 7PU

Trustees

Ms S Mortimore Miss K Fields D Thomas E Perry Ms K Fields Mrs S Parkinson (resigned 3.7.2023) Mrs C Jardim Mrs E V Priest Chairman Mrs R Reed

Independent Examiner

Butlers Chartered Accountants 1434 London Road Leigh on Sea Essex SS9 2UL

Approved by order of the board of trustees on ............................................. 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 2023.

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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 The Institute of Chartered Accountants in England and Wales

Butlers Chartered Accountants 1434 London Road Leigh on Sea Essex SS9 2UL

Date: .............................................

Page 4

Off the Streets CIO

Statement of Financial Activities for the Year Ended 31 December 2023

Designated
fund -
Trinity
Centre
General
Refurbishment
Unrestricted
Fund.
Fund
Notes
£
£
INCOME AND
ENDOWMENTS FROM
Donations and legacies
2
-
105,615
Charitable activities
5
Homeless Shelter
-
-
Other trading activities
3
-
411
Investment income
4
-
1,491
Total
-
107,517
EXPENDITURE ON
Raising funds
6
-
5,590
Charitable activities
7
Homeless Shelter
-
85,616
Total
-
91,206
NET INCOME
-
16,311
Transfers between funds
20
-
2,640
Net movement in funds
-
18,951
RECONCILIATION OF
FUNDS
Total funds brought forward
10,000
62,704
TOTAL FUNDS CARRIED
FORWARD
10,000
81,655		 Restricted
funds
£
-
404,359
-
-
404,359
34,094
45,914
80,008
324,351
(2,640)
321,711
116,583
438,294		 31.12.23
31.12.22
Total
Total
funds
funds
£
£
105,615
74,520
404,359
79,403
411
943
1,491
46
511,876
154,912
39,684
10,455
131,530
88,772
171,214
99,227
340,662
55,685
-
-
340,662
55,685
189,287
133,602
529,949
189,287		 31.12.23
31.12.22
Total
Total
funds
funds
£
£
105,615
74,520
404,359
79,403
411
943
1,491
46
511,876
154,912
39,684
10,455
131,530
88,772
171,214
99,227
340,662
55,685
-
-
340,662
55,685
189,287
133,602
529,949
189,287
154,912
10,455
88,772
99,227
55,685
-
55,685
133,602
189,287

The notes form part of these financial statements

Page 5

Off the Streets CIO

Balance Sheet 31 December 2023

Notes
FIXED ASSETS
Tangible assets
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
15
CREDITORS
Amounts falling due within one
year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
CREDITORS
Amounts falling due after more
than one year
17
NET ASSETS		 Designated
fund -
Trinity
Centre
Refurbishment
Fund.
£
-
-
10,000
10,000
-
10,000
10,000
-
10,000		 General
Unrestricted
Fund
£
585,316
-
138,914
138,914
(71,575)
67,339
652,655
(571,000)
81,655		 Restricted
funds
£
338,262
49,078
50,954
100,032
-
100,032
438,294
-
438,294		 31.12.23
Total
funds
£
923,578
49,078
199,868
248,946
(71,575)
177,371
1,100,949
(571,000)
529,949		 31.12.22
Total
funds
£
640,415
1,000
157,545
158,545
(41,673)
116,872
757,287
(568,000)
189,287

The notes form part of these financial statements

Page 6

continued...

Off the Streets CIO

Balance Sheet - continued 31 December 2023

Designated
fund -
Trinity
Centre
General
Refurbishment
Unrestricted
Restricted
Fund.
Fund
funds
Notes
£
£
£
FUNDS
20
Unrestricted funds:
General fund
Designated fund
Restricted funds:
Small restricted grants <£1500
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
National Lottery Community Fund
Clothworkers Foundation
Garfield Weston Trust
Night Shelter Transformational Fund
TOTAL FUNDS		 31.12.23
Total
funds
£
81,655
10,000
91,655
23,000
-
50,000
-
-
4,340
29,292
-
5,000
412
242,000
33,000
30,000
21,250
438,294
529,949		 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

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. E V Priest - Trustee

............................................. E Perry - Trustee

The notes form part of these financial statements

Page 7

Off the Streets CIO

Cash Flow Statement for the Year Ended 31 December 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 31.12.23
£
363,963
(36,000)
327,963
(287,131)
1,491
(285,640)
42,323
157,545
199,868		 31.12.22
£
677,354
(12,750)
664,604
(629,721)
46
(629,675)
34,929
122,616
157,545

The notes form part of these financial statements

Page 8

Off the Streets CIO

Notes to the Cash Flow Statement for the Year Ended 31 December 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Interest received
Interest paid
(Increase)/decrease in debtors
Increase in creditors
Net cash provided by operations		 31.12.23
£
340,662
3,968
(1,491)
36,000
-
(48,078)
32,902
363,963		 31.12.22
£
55,685
3,457
(46)
12,750
579,889
1,596
24,023
677,354

2.

ANALYSIS OF CHANGES IN NET DEBT

At 1.1.23 Cash flow At 31.12.23
£ £ £
Net cash
Cash at bank and in hand 157,545 42,323 199,868
157,545 42,323 199,868
Debt
Debts falling due within 1 year (12,000) 3,000 (9,000)
Debts falling due after 1 year (568,000) (3,000) (571,000)
(580,000) - (580,000)
Total (422,455) 42,323 (380,132)

The notes form part of these financial statements

Page 9

Off the Streets CIO

Notes to the Financial Statements for the Year Ended 31 December 2023

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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

Freehold buildings are valued on a historic cost basis. The building is currently in redevelopment and once completed will be subject to revaluation on a fair value basis.

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.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 10

Off the Streets CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

2. DONATIONS AND LEGACIES

Donations
Grants
Donated services and facilities
Grants received, included in the above, are as follows:
Rosco Trust
Other grants
3.
OTHER TRADING ACTIVITIES
Fundraising events
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Homeless Shelter
Grants received, included in the above, are as follows:
Southend Borough Council
Society of Holy Child Jesus
Department of Housing and Communities
Tudwick Foundation
Community Investment Board
B and Q Foundation
Aviva Crowdfunding
National Lottery Community Fund
Clothworkers Foundation
Garfield Weston Foundation
Night Shelter Transformational Fund
Other small grants <£5000		 31.12.23
£
73,672
30,000
1,943
105,615
31.12.23
£
-
30,000
30,000
31.12.23
£
411
31.12.23
£
1,491
31.12.23
£
404,359
31.12.23
£
1,080
-
-
-
10,000
-
-
242,000
33,000
30,000
65,279
23,000
404,359		 31.12.22
£
69,291
5,229
-
74,520
31.12.22
£
5,000
229
5,229
31.12.22
£
943
31.12.22
£
46
31.12.22
£
79,403
31.12.22
£
20,000
15,000
17,285
3,000
10,000
5,000
9,118
-
-
-
-
-
79,403

continued...

Page 11

Off the Streets CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

6. RAISING FUNDS

Raising donations and legacies

Fundraising costs
Other trading activities
Staff costs
Aggregate amounts
7.
CHARITABLE ACTIVITIES COSTS
Homeless Shelter
8.
GRANTS PAYABLE
Homeless Shelter
9.
SUPPORT COSTS
Homeless Shelter		 Direct
Costs
£
127,849		 Grant
funding of
activities
(see note
8)
£
25		 31.12.23
31.12.22
£
£
5,592
7,223
31.12.23
31.12.22
£
£
34,092
3,232
39,684
10,455
Support
costs (see
note 9)
Totals
£
£
3,656
131,530
31.12.23
31.12.22
£
£
25
-
Governance
costs
£
3,656

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

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 £33,314 (2022: £2,993).

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.

continued...

Page 12

Off the Streets CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

10. TRUSTEES' REMUNERATION AND BENEFITS - continued

Remuneration paid to Mrs Fields in the year was £34,153 (2022: £15,000).

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

11. STAFF COSTS

STAFF COSTS
31.12.23 31.12.22
£ £
Wages and salaries 67,465 17,992
Social security costs - 415
Other pension costs 1,562 -
69,027 18,407
The average monthly number of employees during the year was as follows:
31.12.23 31.12.22
Volunteer manager 1 1
Manager 1 1
Fundraiser 1 1
3 3

No employees received emoluments in excess of £60,000.

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Designated
fund -
Trinity
Centre
General
Refurbishment
Unrestricted
Fund.
Fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
-
69,520
Charitable activities
Homeless Shelter
-
-
Other trading activities
-
943
Investment income
-
46
Total
-
70,509
EXPENDITURE ON
Raising funds
-
7,462
Charitable activities
Homeless Shelter
-
54,575
Total
-
62,037		 Restricted
funds
£
5,000
79,403
-
-
84,403
2,993
34,197
37,190		 Total
funds
£
74,520
79,403
943
46
154,912
10,455
88,772
99,227

continued...

Page 13

Off the Streets CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Designated
fund -
Trinity
Centre
Refurbishment
Fund.
£
NET INCOME
-
RECONCILIATION OF FUNDS
Total funds brought forward
10,000
TOTAL FUNDS CARRIED FORWARD
10,000
13.
TANGIBLE FIXED ASSETS
Fixtures
Freehold
and
property
fittings
£
£
COST
At 1 January 2023
633,378
3,215
Additions
282,417
2,075
Disposals
-
-
At 31 December 2023
915,795
5,290
DEPRECIATION
At 1 January 2023
-
2,322
Charge for year
-
989
Eliminated on disposal
-
-
At 31 December 2023
-
3,311
NET BOOK VALUE
At 31 December 2023
915,795
1,979
At 31 December 2022
633,378
893
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors		 General
Unrestricted
Fund
£
8,472
54,232
62,704
Motor
vehicles
£
12,200
-
(500)
11,700
6,923
1,810
(500)
8,233
3,467
5,277
 Restricted
funds
£
47,213
69,370
116,583
Computer
equipment
£
2,218
2,639
-
4,857
1,351
1,169
-
2,520
2,337
867
31.12.23
£
49,078
-
49,078		 Total
funds
£
55,685
133,602
189,287
Totals
£
651,011
287,131
(500)
937,642
10,596
3,968
(500)
14,064
923,578
640,415
31.12.22
£
-
1,000
1,000		 Total
funds
£
55,685
133,602
189,287

continued...

Page 14

Off the Streets CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

15. CASH AT BANK AND IN HAND

Department
of Housing
General
Designated
and
fund
fund
Communities
£
£
£
Cash in hand
294
-
-
Cash at bank
138,620
10,000
29,292
Total
138,914
10,000
29,292
31.12.23
31.12.22
Night
Aviva
Shelter
Community
Transformational
Total
Total
Crowdfunding
Fund
funds
funds
£
£
£
£
Cash in hand
-
-
294
-
Cash at bank
412
21,250
199,574
157,545
Total
412
21,250
199,868
157,545
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
£
£
Trade creditors
1,940
37
Taxation and social security
2,879
765
Other creditors
66,756
40,871
71,575
41,673
17.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23
31.12.22
£
£
Other creditors
571,000
568,000
18.
LOANS
An analysis of the maturity of loans is given below:
31.12.23
31.12.22
£
£
Amounts falling due within one year on demand:
Other loans
9,000
12,000
Amounts falling between one and two years:
Other loans - 1-2 years
12,000
12,000
Amounts falling due between two and five years:
Other loans - 2-5 years
436,000
436,000		 Department
of Housing
General
Designated
and
fund
fund
Communities
£
£
£
Cash in hand
294
-
-
Cash at bank
138,620
10,000
29,292
Total
138,914
10,000
29,292
31.12.23
31.12.22
Night
Aviva
Shelter
Community
Transformational
Total
Total
Crowdfunding
Fund
funds
funds
£
£
£
£
Cash in hand
-
-
294
-
Cash at bank
412
21,250
199,574
157,545
Total
412
21,250
199,868
157,545
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
£
£
Trade creditors
1,940
37
Taxation and social security
2,879
765
Other creditors
66,756
40,871
71,575
41,673
17.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23
31.12.22
£
£
Other creditors
571,000
568,000
18.
LOANS
An analysis of the maturity of loans is given below:
31.12.23
31.12.22
£
£
Amounts falling due within one year on demand:
Other loans
9,000
12,000
Amounts falling between one and two years:
Other loans - 1-2 years
12,000
12,000
Amounts falling due between two and five years:
Other loans - 2-5 years
436,000
436,000		 Department
of Housing
General
Designated
and
fund
fund
Communities
£
£
£
Cash in hand
294
-
-
Cash at bank
138,620
10,000
29,292
Total
138,914
10,000
29,292
31.12.23
31.12.22
Night
Aviva
Shelter
Community
Transformational
Total
Total
Crowdfunding
Fund
funds
funds
£
£
£
£
Cash in hand
-
-
294
-
Cash at bank
412
21,250
199,574
157,545
Total
412
21,250
199,868
157,545
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
£
£
Trade creditors
1,940
37
Taxation and social security
2,879
765
Other creditors
66,756
40,871
71,575
41,673
17.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23
31.12.22
£
£
Other creditors
571,000
568,000
18.
LOANS
An analysis of the maturity of loans is given below:
31.12.23
31.12.22
£
£
Amounts falling due within one year on demand:
Other loans
9,000
12,000
Amounts falling between one and two years:
Other loans - 1-2 years
12,000
12,000
Amounts falling due between two and five years:
Other loans - 2-5 years
436,000
436,000
29,292
31.12.22
Total
funds
£
-
157,545
157,545
31.12.22
£
37
765
40,871
41,673
31.12.22
£
568,000
31.12.22
£
12,000
12,000
436,000

Page 15

continued...

Off the Streets CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

18. LOANS - continued

18. LOANS - continued
31.12.23 31.12.22
£ £
Amounts falling due in more than five years:
Repayable by instalments:
Other loans more 5yrs instal 123,000 120,000
19. SECURED DEBTS
The following secured debts are included within creditors:
31.12.23 31.12.22
£ £
Other loans 580,000 580,000

The above loans are secured upon the property of 3 Trinity Avenue, Westcliff on Sea, Essex, SS0 7PU.

20. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated fund
Restricted funds
Small restricted grants <£1500
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
National Lottery Community Fund
Clothworkers Foundation
Garfield Weston Trust
Night Shelter Transformational Fund
TOTAL FUNDS		 At 1.1.23
£
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		 Net
movement
in funds
£
16,311
-
16,311
23,000
(2,203)
-
(5,196)
(7,500)
-
-
(10,000)
-
-
242,000
33,000
30,000
21,250
324,351
340,662		 Transfers
between
funds
£
2,640
-
2,640
-
-
-
-
-
-
-
-
-
(2,640)
-
-
-
-
(2,640)
-		 At
31.12.23
£
81,655
10,000
91,655
23,000
-
50,000
-
-
4,340
29,292
-
5,000
412
242,000
33,000
30,000
21,250
438,294
529,949

Page 16

continued...

Off the Streets CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

20. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Small restricted grants <£1500
National Lottery Awards 4 All Fund
Southend Emergency Support Fund
Society of the Holy Child Jesus
Community Investment Board
National Lottery Community Fund
Clothworkers Foundation
Garfield Weston Trust
Night Shelter Transformational Fund
TOTAL FUNDS
Comparatives for 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		 Incoming
resources
£
107,517
23,000
-
1,080
-
10,000
242,000
33,000
30,000
65,279
404,359
511,876
At 1.1.22
£
54,232
10,000
64,232
4,370
50,000
-
-
-
15,000
-
-
-
69,370
133,602		 Resources
Movement
expended
in funds
£
£
(91,206)
16,311
-
23,000
(2,203)
(2,203)
(6,276)
(5,196)
(7,500)
(7,500)
(20,000)
(10,000)
-
242,000
-
33,000
-
30,000
(44,029)
21,250
(80,008)
324,351
(171,214)
340,662
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

continued...

Page 17

Off the Streets CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

20. MOVEMENT IN FUNDS - continued

Comparative 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		 Incoming
resources
£
70,509
-
20,000
15,000
5,000
17,285
3,000
10,000
5,000
9,118
84,403
154,912		 Resources
Movement
expended
in funds
£
£
(62,037)
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
(99,227)
55,685		 Resources
Movement
expended
in funds
£
£
(62,037)
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
(99,227)
55,685
47,213
55,685

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Designated fund
Restricted funds
Small restricted grants <£1500
National Lottery Awards 4 All Fund
Woodford Family Charitable Trust
Rosco Trust
Department of Housing and Communities
B & Q Foundation
Aviva Community Crowdfunding
National Lottery Community Fund
Clothworkers Foundation
Garfield Weston Trust
Night Shelter Transformational Fund
TOTAL FUNDS		 At 1.1.22
£
54,232
10,000
64,232
-
4,370
50,000
-
15,000
-
-
-
-
-
-
69,370
133,602		 Net
movement
in funds
£
24,783
-
24,783
23,000
(4,370)
-
4,340
14,292
5,000
3,052
242,000
33,000
30,000
21,250
371,564
396,347		 Transfers
between
funds
£
2,640
-
2,640
-
-
-
-
-
-
(2,640)
-
-
-
-
(2,640)
-		 At
31.12.23
£
81,655
10,000
91,655
23,000
-
50,000
4,340
29,292
5,000
412
242,000
33,000
30,000
21,250
438,294
529,949

continued...

Page 18

Off the Streets CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

20. MOVEMENT IN FUNDS - continued

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
Restricted funds
Small restricted grants <£1500
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
National Lottery Community Fund
Clothworkers Foundation
Garfield Weston Trust
Night Shelter Transformational Fund
TOTAL FUNDS		 Incoming
resources
£
178,026
23,000
-
21,080
15,000
5,000
17,285
3,000
20,000
5,000
9,118
242,000
33,000
30,000
65,279
488,762
666,788		 Resources
Movement
expended
in funds
£
£
(153,243)
24,783
-
23,000
(4,370)
(4,370)
(21,080)
-
(15,000)
-
(660)
4,340
(2,993)
14,292
(3,000)
-
(20,000)
-
-
5,000
(6,066)
3,052
-
242,000
-
33,000
-
30,000
(44,029)
21,250
(117,198)
371,564
(270,441)
396,347

Transfers between funds

The transfer between funds represents capital purchases made by restricted grant funds that were transferred to the general fund when the grant conditions were met, for items such as computer equipment.

Many grants in restricted funds are for the capital development of the charity property. The conditions of the grants are variable, however the charity has adopted a policy of holding the building development addition in restricted funds until such date the building refurbishment is complete, at which point all assets will transfer to the General fund for revaluation at fair value.

21. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

continued...

Page 19

Off the Streets CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

22. 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, Woodward Charitable Trust, Garfield Weston, Clothworkers Foundation and National Lottery Community Fund- 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 20

Off the Streets CIO

Detailed Statement of Financial Activities
for the Year Ended 31 December 2023
31.12.23 31.12.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 73,672 69,291
Grants 30,000 5,229
Donated services and facilities 1,943 -
105,615 74,520
Other trading activities
Fundraising events 411 943
Investment income
Deposit account interest 1,491 46
Charitable activities
Grants 404,359 79,403
Total incoming resources 511,876 154,912
EXPENDITURE
Raising donations and legacies
Fundraising costs 5,592 7,223
Other trading activities
Wages 33,311 2,992
Social security - 240
Pensions 781 -
34,092 3,232
Charitable activities
Wages 34,154 15,000
Social security - 175
Pensions 781 -
Rent 3,562 3,332
Insurance 6,444 4,019
Light and heat 839 2,336
Telephone 1,510 1,052
Advertising 326 358
Beneficiary travel and accommo dation 303 798
Beneficiary welfare 17,233 12,643
Beneficiary catering 9,171 7,098
Printing, postage and statione ry 280 178
Staff training 1,420 -
Motor and travel expenses 4,866 6,075
Cleaning 563 1,859
Repairs and renewals 521 3,075
Carried forward 81,973 57,998

This page does not form part of the statutory financial statements

Page 21

Off the Streets CIO

Detailed Statement of Financial Activities
for the Year Ended 31 December 2023
31.12.23 31.12.22
£ £
Charitable activities
Brought forward 81,973 57,998
Computer expenses 1,567 6,502
Subscriptions 510 430
Bookkeeping 3,305 2,824
Professional fees - 3,121
Staff gratuities and refreshme nts 524 -
Fixtures and fittings 990 179
Motor vehicles 1,811 2,639
Computer equipment 1,169 639
Bank loan interest 36,000 12,750
Grants to institutions 25 -
127,874 87,082
Support costs
Finance
Bank charges - 54
Governance costs
Auditors' remuneration for non audit work 1,236 1,236
Legal costs 2,420 400
3,656 1,636
Total resources expended 171,214 99,227
Net income 340,662 55,685

This page does not form part of the statutory financial statements

Page 22