REGISTERED CHARITY NUMBER: 1184331
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
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 2024
||Page|
|---|---|
|Report of the Trustees|1 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7 to 8|
|Notes to the Financial Statements|9 to 18|
|Detailed Statement of Financial Activities|19 to 20|
Off the Streets CIO
## Report of the Trustees for the Year Ended 31 December 2024
Thetrusteespresenttheir reportwith thefinancialstatementsof thecharityfor theyearended31 December2024. The trusteeshaveadoptedthe provisionsof AccountingandReportingby Charities:Statementof Recommended Practice applicableto charitiespreparingtheir accountsin accordancewith the FinancialReportingStandardapplicablein 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 on-going support for up to 6 months to enable rough sleepers to move on.
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
Thecharityprovidessupportto homelesspeoplewithin SouthendCity andthesurroundingareasto movefrom chaotic, oftenabusivelives into independent,self-sufficientlifestyles.Primarysupportincludestheprovisionof food, clothing, bedding,toiletries,gas& electricity top-upsandall otheressentialitems.Additionally, the charity supportsguests in areasof employment,mentalhealth,domesticabuseandalcohol& drugaddiction.Off TheStreetsalsosupports 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 purchaseda former hotel in Westcliff-on-Seaon the 8/3/22 for £610,000.This wasachievedthrougha 4 year bridging loan of £400,000 from a Charitable Trust, an interest free loan of £180,000 from a long standing benefactoranda £50,000grantfrom a FamilyCharitableTrust.Additionally, thecharityhascontinuedto 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 intendedto changein futurewhenthecharitywill reviewit's fundingmodelandbusinesscase.In termsof sustainability, Off The Streetswill invoke a rentalchargeoncethe new shelterbecomesfully operational.This will be covered by Housing Benefit.
## Reserves policy
The charity’sReservesceiling stoodat £15,000up until 30thOctober2023whentheReservesPolicy wasamended to raise the reserves level. This is now set at a maximum of £36,000, the equivalent of 3 months running costs.
Page 1
Off the Streets CIO
## Report of the Trustees for the Year Ended 31 December 2024
## FUTURE PLANS
The charityplansto convertthehotelit purchasedinto a homelessnessshelterprovidingsevenen-suitebedrooms, two of which canaccommodatehomelesscouples.A groundfloor room will be adaptedfor accessibilityto accommodate disabledhomelesspeople.Beforetheshelterbecomesoperational,thecharitywill seekto raisethefundsrequiredto pay for the extensive refurbishment work on the building in order to comply with HMO standards.
## 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
Thecurrentconstitutionwasadoptedandapprovedby thetrusteeson 2ndApril 2018,asamendedat thecharity 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.
Whenevera trusteeleavestheBoard,a skills auditof thetrusteeswill becarriedout.Efforts at recruitinga replacement will takeaccountof theskills auditandof theskills beinglost by thedeparture.Considerationmustalsobegivento 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 advertisemen **t** hroughsocialmedia,volunteerbureau,direct approachesto professionalbodiesandto 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 givento waysin which groupsthat areunder-representedon the boardmight be reachedandencouragedto 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 front line volunteers and Shift Managers.
The charity'sdevelopmentis supportedby threesub-groupsconsistingof trustees.TheseincludeOperations,Grants & Fundraising,Comms& Marketing. Thesesub-groupsreport to the Board of Trusteeswhich is responsiblefor the strategic direction of the charity.
## Operational Management:
Miss Kirsty Fields - Shelter Manager - paid employee Ms Karen Fields - Shelter Supervisor - volunteer
## Charity Development Officer
The Charity Development Officer, Del Thomas, is a paid employee ostensibly responsible for fundraising & networking.
Page 2
Off the Streets CIO
## Report of the Trustees for the Year Ended 31 December 2024
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## 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 TheStreetsrecognisesthata properinductionof trusteesis anintegralpartof theprocessof 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.
## Related parties
The charity’s position in relation to related business interests is contained within the Conflict of Interest policy. The purposeof this policy is to protect the integrity of Off The Streets’decision-makingprocess,to enable our stakeholdersto haveconfidencein our integrityandto protecttheintegrityandreputationof volunteers,employees and trustees alike.
At the start of eachTrusteeExecutiveCommitteemeeting,declarationsare 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 (resigned 15.3.2025) Miss K Fields D Thomas E Perry Ms K Fields Mrs C Jardim (resigned 3.10.2024) Mrs E V Priest Chairman (resigned 22.11.2024) Mrs R Reed (resigned 13.11.2024) K Buck Mrs M A K T Obende (appointed 14.4.2025) G Watts Chairman (appointed 8.4.2024) C Thomas (appointed 8.4.2024) Lady D A Lotz (resigned 10.11.2024)
Independent Examiner Butlers Chartered Accountants 1434 London Road Leigh on Sea Essex SS9 2UL
Page 3
Off the Streets CIO
Report of the Trustees for the Year Ended 31 December 2024
Approved by order of the board of trustees on 20 June 2025 and signed on its behalf by:
G Watts - Trustee
Page 4
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 reportto thecharitytrusteeson my examinationof theaccountsof Off theStreetsCIO (theTrust) for theyear ended 31 December 2024.
## Responsibilities and basis of report
As the charity trusteesof the Trust you are responsiblefor the preparationof the accountsin accordancewith the requirements of the Charities Act 2011 ('the Act').
I reportin respectof my examinationof theTrust'saccountscarriedoutunderSection145of theAct andin carrying out my examinationI havefollowed all applicableDirectionsgivenby theCharityCommissionunderSection145(5)(b) of the Act.
## Independent examiner's statement
Sinceyour charity'sgrossincomeexceeded£250,000your examinermustbea memberof a listedbody.I can confirm that I am qualified to undertakethe examinationbecauseI am a memberof the Instituteof CharteredAccountants in England and Wales, which is one of the listed bodies.
I havecompletedmy examination.I confirm thatno materialmattershavecometo my attentionin connectionwith 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. theaccountsdo notcomplywith theapplicablerequirementsconcerningtheform andcontentof accountsset out in the Charities(AccountsandReports)Regulations2008 otherthanany requirementthat the accountsgive a true and fair view which is not a matter considered as part of an independent examination.
I haveno concernsandhavecomeacrossno othermattersin connectionwith theexaminationto whichattention 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
20 June 2025
Page 5
Off the Streets CIO
## Statement of Financial Activities for the Year Ended 31 December 2024
|Designated
fund -
Trinity
Centre
General
Refurbishment Unrestricted
Fund.
Fund
Notes
£
£
INCOME AND
ENDOWMENTS FROM
Donations and legacies
-
94,684
Charitable activities
Homeless Shelter
-
30,000
Other trading activities
2
-
3,321
Investment income
3
-
1,531
Total
-
129,536
EXPENDITURE ON
Raising funds
-
2,109
Charitable activities
Homeless Shelter
-
77,833
Total
-
79,942
NET INCOME
-
49,594
Transfers between funds
14
-
(394)
Net movement in funds
-
49,200
RECONCILIATION OF
FUNDS
Total funds brought forward
10,000
81,655
TOTAL FUNDS CARRIED
FORWARD
10,000
130,855|Restricted
funds
£
-
140,778
-
-
140,778
33,553
54,874
88,427
52,351
394
52,745
438,293
491,038|31.12.24
31.12.23
Total
Total
funds
funds
£
£
94,684
105,615
170,778
404,359
3,321
411
1,531
1,491
270,314
511,876
35,662
39,685
132,707
131,530
168,369
171,215
101,945
340,661
-
-
101,945
340,661
529,948
189,287
631,893
529,948|
|---|---|---|
The notes form part of these financial statements
Page 6
## **Off the Streets CIO**
## **Balance Sheet 31 December 2024**
|Notes
**FIXED ASSETS**
Tangible assets
7
**CURRENT ASSETS**
Debtors
8
Cash at bank and in hand
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
£
804,758
2,351
954
3,305
(106,208)
(102,903)
701,855
(571,000)
130,855|Restricted
funds
£
422,740
12,100
56,614
68,714
(416)
68,298
491,038
-
491,038|31.12.24
Total
funds
£
1,227,498
14,451
67,568
82,019
(106,624)
(24,605)
1,202,893
(571,000)
631,893|31.12.23
Total
funds
£
923,579
49,078
199,868
248,946
(71,577)
177,369
1,100,948
(571,000)
529,948|
|---|---|---|---|---|---|
The notes form part of these financial statements
continued...
Page 7
## **Off the Streets CIO**
## **Balance Sheet - continued 31 December 2024**
|Designated
fund -
Trinity
Centre
General
Refurbishment
Unrestricted
Restricted
Fund.
Fund
funds
Notes
£
£
£
**FUNDS**
14
Unrestricted funds:
General fund
Designated fund
Restricted funds:
Small restricted grants <£1500
Essex Community Foundation
Woodford Family Charitable Trust
Rosco Trust
Community Investment Board
B & Q Foundation
Aviva Community Crowdfunding
National Lottery Community Fund
Clothworkers Foundation
Garfield Weston Trust
Night Shelter Transformational Fund
Beatrice Laing Trust
The Hobson Charity
Richer Sounds Foundation
Grocers Charity
**TOTAL FUNDS**|31.12.24
Total
funds
£
130,855
10,000
140,855
23,000
15,000
50,000
4,340
25,000
5,000
412
242,000
33,000
30,000
40,786
7,500
5,000
5,000
5,000
491,038
631,893|31.12.23
Total
funds
£
81,655
10,000|
|---|---|---|
|||91,655|
|||23,000
-
50,000
4,340
-
5,000
412
242,000
33,000
30,000
50,541
-
-
-
-|
|||438,293|
||||
|||529,948|
The financial statements were approved by the Board of Trustees and authorised for issue on 20 June 2025 and were signed on its behalf by:
G Watts - 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 2024**
## **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 9
**Off the Streets CIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
## **2. OTHER TRADING ACTIVITIES**
## **3.**
|**OTHER TRADING ACTIVITIES**|||
|---|---|---|
||31.12.24|31.12.23|
||£|£|
|Fundraising events|3,321|411|
|**INVESTMENT INCOME**|||
||31.12.24|31.12.23|
||£|£|
|Deposit account interest|1,531|1,491|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
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 £31,763 (2023: £33,314).
Miss K Fields, a trustee of the business was employed by the charity in the year. Miss 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 Miss Fields in the year was £37,620 (2023: £34,153).
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
||31.12.24|31.12.23|
|---|---|---|
|Shelter Manager|1|1|
|Charity Development Officer|1|1|
||2|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 2024**
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Designated
fund -
Trinity
Centre
General
Refurbishment
Unrestricted
Fund.
Fund
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
-
105,615
**Charitable activities**
Homeless Shelter
-
-
Other trading activities
-
411
Investment income
-
1,491
**Total**
-
107,517
**EXPENDITURE ON**
Raising funds
-
5,590
**Charitable activities**
Homeless Shelter
-
85,616
**Total**
-
91,206
**NET INCOME**
-
16,311
**Transfers between funds**
-
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
34,095
45,914
80,009
324,350
(2,640)
321,710
116,583
438,293|Total
funds
£
105,615
404,359
411
1,491|
|---|---|---|
|||511,876|
|||39,685
131,530|
|||171,215|
|||340,661
-|
|||340,661
189,287|
|||529,948|
continued...
Page 11
**Off the Streets CIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
|**7.**
**TANGIBLE FIXED ASSETS**
Fixtures
Freehold
and
Motor
property
fittings
vehicles
£
£
£
**COST**
At 1 January 2024
915,795
5,290
11,700
Additions
307,700
-
-
Disposals
-
(662)
-
At 31 December 2024
1,223,495
4,628
11,700
**DEPRECIATION**
At 1 January 2024
-
3,311
8,233
Charge for year
-
891
1,156
At 31 December 2024
-
4,202
9,389
**NET BOOK VALUE**
At 31 December 2024
1,223,495
426
2,311
At 31 December 2023
915,795
1,979
3,467
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Prepayments
**9.**
**CASH IN HAND**
General
fund
£
Cash in hand
954
Cash at bank
-
Total
954
Night
Aviva
Shelter
Community
Transformational
Crowdfunding
Fund
£
£
Cash in hand
-
-
Cash at bank
412
41,202
Total
412
41,202|Computer
equipment
£
4,858
-
-
4,858
2,520
1,072
3,592
1,266
2,338
31.12.24
£
12,100
2,351
14,451
Designated
fund
£
-
10,000
10,000
31.12.24
Total
funds
£
954
66,614
67,568|Totals
£
937,643
307,700
(662)
1,244,681
14,064
3,119
17,183
1,227,498
923,579
31.12.23
£
49,078
-
49,078
Essex
Community
Foundation
£
-
15,000
15,000
31.12.23
Total
funds
£
294
199,574
199,868|
|---|---|---|
continued...
Page 12
**Off the Streets CIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
## **10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|31.12.24
£
Bank loans and overdrafts (see note 12)
7,916
Trade creditors
6,268
Taxation and social security
-
Other creditors
92,440
106,624
**11.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
31.12.24
£
Other creditors
571,000
**12.**
**LOANS**
An analysis of the maturity of loans is given below:
31.12.24
£
Amounts falling due within one year on demand:
Bank overdrafts
7,916
Other loans
9,000
16,916
Amounts falling between one and two years:
Other loans - 1-2 years
12,000
Amounts falling due between two and five years:
Other loans - 2-5 years
436,000
Amounts falling due in more than five years:
Repayable by instalments:
Other loans more 5yrs instal
123,000
**13.**
**SECURED DEBTS**
The following secured debts are included within creditors:
31.12.24
£
Other loans
580,000|31.12.23
£
-
1,940
2,879
66,758|
|---|---|
||71,577|
||31.12.23
£
571,000|
||31.12.23
£
-
9,000|
||9,000|
||12,000|
||436,000|
||123,000
31.12.23
£
580,000|
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 2024**
## **14. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Designated fund
**Restricted funds**
Small restricted grants <£1500
Essex Community Foundation
Woodford Family Charitable Trust
Rosco Trust
Community Investment Board
B & Q Foundation
Aviva Community Crowdfunding
National Lottery Community Fund
Clothworkers Foundation
Garfield Weston Trust
Night Shelter Transformational Fund
Beatrice Laing Trust
The Hobson Charity
Richer Sounds Foundation
Grocers Charity
**TOTAL FUNDS**
Net movement in funds, included in the above are as
**Unrestricted funds**
General fund
**Restricted funds**
Essex Community Foundation
Southend Emergency Support Fund
Community Investment Board
Night Shelter Transformational Fund
Beatrice Laing Trust
The Hobson Charity
Richer Sounds Foundation
Grocers Charity
**TOTAL FUNDS**|At 1.1.24
£
81,655
10,000
91,655
23,000
-
50,000
4,340
-
5,000
412
242,000
33,000
30,000
50,541
-
-
-
-
438,293
529,948
follows:|Net
movement
in funds
£
49,594
-
49,594
-
15,000
-
-
24,606
-
-
-
-
-
(9,755)
7,500
5,000
5,000
5,000
52,351
101,945
Incoming
resources
£
129,536
15,000
3,000
35,000
65,278
7,500
5,000
5,000
5,000
140,778
270,314|Transfers
between
At
funds
31.12.24
£
£
(394)
130,855
-
10,000
(394)
140,855
-
23,000
-
15,000
-
50,000
-
4,340
394
25,000
-
5,000
-
412
-
242,000
-
33,000
-
30,000
-
40,786
-
7,500
-
5,000
-
5,000
-
5,000
394
491,038
-
631,893
Resources
Movement
expended
in funds
£
£
(79,942)
49,594
-
15,000
(3,000)
-
(10,394)
24,606
(75,033)
(9,755)
-
7,500
-
5,000
-
5,000
-
5,000
(88,427)
52,351
(168,369)
101,945|
|---|---|---|---|
continued...
Page 14
**Off the Streets CIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
## **14. MOVEMENT IN FUNDS - continued**
## **Comparatives for 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
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
10,000
5,000
3,052
-
-
-
29,292
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
21,249
324,350
340,661|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
-
5,000
412
242,000
33,000
30,000
50,541|
|||||438,293|
|||||529,948|
Comparative 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**|Incoming
resources
£
107,517
23,000
-
1,080
-
10,000
242,000
33,000
30,000
65,279
404,359
511,876|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
(44,030)
21,249
(80,009)
324,350
(171,215)
340,661|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
(44,030)
21,249
(80,009)
324,350
(171,215)
340,661|
|---|---|---|---|
||||324,350|
||||340,661|
Page 15
continued...
**Off the Streets CIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
## **14. 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**
Small restricted grants <£1500
Essex Community Foundation
National Lottery Awards 4 All Fund
Woodford Family Charitable Trust
Southend Emergency Support Fund
Society of the Holy Child Jesus
Rosco Trust
Community Investment Board
B & Q Foundation
Aviva Community Crowdfunding
National Lottery Community Fund
Clothworkers Foundation
Garfield Weston Trust
Night Shelter Transformational Fund
Beatrice Laing Trust
The Hobson Charity
Richer Sounds Foundation
Grocers Charity
**TOTAL FUNDS**|At 1.1.23
£
62,704
10,000
72,704
-
-
2,203
50,000
5,196
7,500
4,340
10,000
5,000
3,052
-
-
-
29,292
-
-
-
-
116,583
189,287|Net
movement
in funds
£
65,905
-
65,905
23,000
15,000
(2,203)
-
(5,196)
(7,500)
-
14,606
-
-
242,000
33,000
30,000
11,494
7,500
5,000
5,000
5,000
376,701
442,606|Transfers
between
funds
£
2,246
-
2,246
-
-
-
-
-
-
-
394
-
(2,640)
-
-
-
-
-
-
-
-
(2,246)
-|At
31.12.24
£
130,855
10,000|
|---|---|---|---|---|
|||||140,855
23,000
15,000
-
50,000
-
-
4,340
25,000
5,000
412
242,000
33,000
30,000
40,786
7,500
5,000
5,000
5,000|
|||||491,038|
|||||631,893|
Page 16
continued...
**Off the Streets CIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
## **14. 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
Essex Community Foundation
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
Beatrice Laing Trust
The Hobson Charity
Richer Sounds Foundation
Grocers Charity
**TOTAL FUNDS**|Incoming
resources
£
237,053
23,000
15,000
-
4,080
-
45,000
242,000
33,000
30,000
130,557
7,500
5,000
5,000
5,000
545,137
782,190|Resources
Movement
expended
in funds
£
£
(171,148)
65,905
-
23,000
-
15,000
(2,203)
(2,203)
(9,276)
(5,196)
(7,500)
(7,500)
(30,394)
14,606
-
242,000
-
33,000
-
30,000
(119,063)
11,494
-
7,500
-
5,000
-
5,000
-
5,000
(168,436)
376,701
(339,584)
442,606|
|---|---|---|
## **Transfers between funds**
The transfer between funds represents the transfer of general funds to a specific restricted fund for a small overspend in the year.
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.
## **15. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2024.
continued...
Page 17
**Off the Streets CIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
## **16. 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 18
## **Off the Streets CIO**
|**Detailed Statement of Financial Activities**|||
|---|---|---|
|**for the Year Ended 31 December 2024**|||
||31.12.24|31.12.23|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|39,048|73,672|
|Grants|53,886|30,000|
|Donated services and facilities|1,750|1,943|
||94,684|105,615|
|**Other trading activities**|||
|Fundraising events|3,321|411|
|**Investment income**|||
|Deposit account interest|1,531|1,491|
|**Charitable activities**|||
|Grants|170,778|404,359|
|**Total incoming resources**|270,314|511,876|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Fundraising costs|2,107|5,592|
|**Other trading activities**|||
|Wages|31,764|33,312|
|Social security|1,010|-|
|Pensions|781|781|
||33,555|34,093|
|**Charitable activities**|||
|Wages|37,621|34,154|
|Social security|1,263|-|
|Pensions|952|781|
|Rent|3,198|3,562|
|Rates and water|881|-|
|Insurance|3,371|6,444|
|Light and heat|987|839|
|Telephone|1,617|1,510|
|Advertising|625|326|
|Beneficiary travel and accommo dation|199|303|
|Beneficiary welfare|7,894|17,233|
|Beneficiary catering|7,733|9,171|
|Printing, postage and statione ry|663|280|
|Staff training|1,187|1,420|
|Motor and travel expenses|6,675|4,866|
|Property securement|8,845|-|
|Carried forward|83,711|80,889|
This page does not form part of the statutory financial statements
Page 19
## **Off the Streets CIO**
|**Detailed Statement of Financial Activities**|||
|---|---|---|
|**for the Year Ended 31 December 2024**|||
||31.12.24|31.12.23|
||£|£|
|**Charitable activities**|||
|Brought forward|83,711|80,889|
|Cleaning|753|563|
|Repairs and renewals|2,497|521|
|Computer expenses|2,335|1,567|
|Subscriptions|459|510|
|Bookkeeping|3,349|3,305|
|Consultancy|360|-|
|Staff gratuities and refreshme nts|446|524|
|Fixtures and fittings|890|990|
|Motor vehicles|1,156|1,811|
|Computer equipment|1,072|1,169|
|Bank loan interest|34,023|36,000|
|Grants to institutions|-|25|
||131,051|127,874|
|**Support costs**|||
|**Governance costs**|||
|Auditors' remuneration for non audit work|1,236|1,236|
|Legal costs|420|2,420|
||1,656|3,656|
|Total resources expended|168,369|171,215|
|**Net income**|101,945|340,661|
This page does not form part of the statutory financial statements
Page 20