**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.
- 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 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