Charity no. 1185476
Standing Tall CIO Report and Unaudited Financial Statements
30 June 2021
Standing Tall CIO
Reference and administrative details
For the year ended 30 June 2021
| Charity number | 1185476 | |
|---|---|---|
| Registered office and | Landmark | |
| operational address | 3 Brindley Place | |
| Birmingham | ||
| B1 2JB | ||
| Trustees | The trustees | who served during the year and up to the date of this |
| report were as follows: | ||
| M Porter | ||
| M Davies | appointed 25 January 2021 | |
| M Ashfield | (Chair) | |
| C Acton | resigned 25 October 2021 | |
| Chief executive officer | C Acton | |
| Bankers | Unity Bank | |
| PO Box 7193 | ||
| Planetary Road | ||
| Willenhall | ||
| WV1 9DG | ||
| Independent examiners | Godfrey Wilson Limited | |
| Chartered accountants and statutory auditors | ||
| 5th Floor Mariner House | ||
| 62 Prince Street | ||
| Bristol | ||
| BS1 4QD |
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Standing Tall CIO
Report of the trustees
For the year ended 30 June 2021
The trustees present their report and examined financial statements for the year ended 30 June 2021.
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (issued in March 2019).
Structure, governance, and management
The charity is constituted as a CIO and was registered with the Charity Commission on 22 September 2019.
The existing trustees were selected based on the skills and experience they bring to the organisation. The trustees are keen to welcome further trustees to the charity in the coming 12 months.
The charity has a safeguarding policy and enhanced DBS checks have been completed for all of the trustees.
Objectives and activities
The objects of Standing Tall are:
-
the prevention or relief of poverty of people who are homeless and those at risk of homelessness in Birmingham by the provision of short-term accommodation delivered through a hosting service and by working and liaising with other agencies to provide long-term solutions; and
-
The relief of unemployment of people who are homeless and those at risk of facing homelessness in Birmingham in such ways as may be thought fit, including short-term work placements and assistance to find employment.
In planning our activities for the year the trustees have kept in mind the Charity Commission’s guidance on public benefit at our trustee meetings.
Standing Tall works with people experiencing homelessness and people at risk of experiencing homelessness. The organisation matches these individuals with stable employment opportunities. Alongside this, the charity ensures the individuals have a safe home through the provision of the ‘Amici’ hosting accommodation service. By matching an individual into a stable job and safe home, the charity enables him or her to take a realistic pathway away from the streets for good.
Achievements and performance
From July 2020 to June 2021 Standing Tall has moved through the early stages as a young charity social enterprise.
Once sufficient grants had been received, Christy Acton started in the full-time Interim CEO on 1 October 2020. Between October 2020 and March 2021 preparatory work was undertaken building relations with businesses and developing the ‘Amici’ hosting accommodation service.
In October and November 2020 work was undertaken to develop the charity’s branding and website. In December 2020 the charity featured on BBC Midlands Today and the charity led a Christmas Crowdfund campaign raising £7,000 towards the salaries of the 4 people to start work in 2021.
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Standing Tall CIO
Report of the trustees
For the year ended 30 June 2021
In April 2021, the charity began trading, matching an individual into a stable job at M Lambe Construction. Between April and June 2021, 3 further individuals were matched into stable jobs. Standing Tall developed its offer to businesses providing Silver, Gold and Platinum packages to respond to the size and needs of different businesses.
Over this period, the charity developed its ‘Amici’ hosting service recruiting 3 individuals to be trained and supported. The charity benefitted from participating in Homeless Link’s Economic Development Programme from October 2020 to June 2021. The programme enabled the charity to put sound procedures in place including a Theory of Change.
The charity is working towards a target to enable 20 people to start and sustain work in Birmingham in the year ending 30 June 2022. The trustees are committed to test our operating model in Birmingham to then be able to look at growing the organisation’s impact in Birmingham and in other UK cities.
Financial review
For the year ended 30 June 2021, income was £63,863 (2020: £14,500) and expenditure was £57,090 (2020: £4,720), resulting in a surplus for the year of £6,773 (2020: surplus of £9,780). Total funds at 30 June 2021 were £16,553 (2020: £9,780). There were £12,829 restricted funds at the year end and unrestricted funds were £3,724. At the end of the year, cash at bank was £20,781.
The trustees agreed a reserves policy in August 2021 to work towards securing and retaining 3 months of core costs as the charity’s unrestricted reserves. Whilst the reserves policy was not met at 30 June 2021, from July to December 2021 the reserves continued to increase and the organisation is on track to achieve the level of reserves needed by February 2022.
In the 2020/2021 financial year, the charity raised its funds via a combination of grants secured, donations though a Christmas crowdfund campaign and traded income. The trustees are working to ensure that traded income grows to cover most, if not all, of the charity’s expenditure in the year ending 30 June 2022.
Statement of responsibilities of the trustees
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
▪ prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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Standing Tall CIO
Report of the trustees
For the year ended 30 June 2021
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Members of the charity are not liable to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
Independent examiners
Godfrey Wilson Limited were appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity.
Approved by the trustees on 17 December 2021 and signed on their behalf by
Mark Ashfield
Mark Ashfield - Chair
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Independent examiner's report
To the trustees of
Standing Tall CIO
I report to the trustees on my examination of the accounts of Standing Tall CIO (the CIO) for the year ended 30 June 2021, which are set out on pages 6 to 14.
Responsibilities and basis of report
As the charity trustees of the CIO 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 CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
Godfrey Wilson Limited also provided Xero support services to the CIO. I confirm that as a member of the ICAEW I am subject to the FRC’s Revised Ethical Standard 2016, which I have applied with respect to this engagement.
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 CIO as required by section 130 of the Act; or
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(2) the accounts do not accord with those records; or
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(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.
Date: 17 December 2021 Rob Wilson FCA Member of the ICAEW
For and on behalf of:
Godfrey Wilson Limited
Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD
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Standing Tall CIO
Statement of financial activities
For the year ended 30 June 2021
| Restricted Unrestricted Note £ £ Income from: Donations 3 46,000 11,523 Charitable activities 4 - 6,340 Total income 46,000 17,863 Expenditure on: Raising funds - 11,649 Charitable activities 33,171 12,270 Total expenditure 5 33,171 23,919 Net income / (expenditure) 12,829 (6,056) Net movement in funds 6 12,829 (6,056) Reconciliation of funds: Total funds brought forward - 9,780 Total funds carried forward 12,829 3,724 |
2021 Total £ 57,523 6,340 63,863 11,649 45,441 57,090 6,773 6,773 9,780 16,553 |
Restated 2020 Total £ 14,500 - |
|---|---|---|
| 14,500 | ||
| 790 3,930 |
||
| 4,720 | ||
| 9,780 | ||
| 9,780 - |
||
| 9,780 |
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 12 to the accounts.
The 2020 comparatives have been restated to accruals accounting. In the prior period, the charity prepared receipts and payments accounts.
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Standing Tall CIO
Balance sheet
As at 30 June 2021
| Note Current assets Debtors 9 Cash at bank and in hand Liabilities Creditors: amounts falling due within 1 year 10 Net current assets Net assets 11 Funds 12 Restricted funds Unrestricted funds General funds Total charity funds |
£ 1,849 20,781 22,630 (6,077) |
2021 £ 16,553 16,553 12,829 3,724 16,553 |
2020 £ - 9,850 |
|---|---|---|---|
| 9,850 (70) |
|||
| 9,780 | |||
| 9,780 | |||
| - 9,780 |
|||
| 9,780 |
Approved by the trustees on 17 December 2021 and signed on their behalf by
Mark Ashfield
Mark Ashfield - Chair
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Standing Tall CIO
Notes to the financial statements
For the year ended 30 June 2021
1. Accounting policies
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Standing Tall CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
b) Going concern basis of accounting
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves and having taken into account the impact of the Covid pandemic on the ability of the charity to fund raise and operate. There are no material uncertainties about the charity's ability to continue as a going concern.
c) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
d) Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
e) Funds accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
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Standing Tall CIO
Notes to the financial statements
For the year ended 30 June 2021
f) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
g) Allocation of support and governance costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities based on the proportion of direct costs, as follows:
| 2021 | 2020 | |
|---|---|---|
| Raising funds | 20.4% | 20.4% |
| Charitable activities | 79.6% | 79.6% |
h) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
i) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
j) Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
k) Pension costs
The charity operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.
l) Accounting estimates and key judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
There are no sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.
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Standing Tall CIO
Notes to the financial statements
For the year ended 30 June 2021
2. Prior period comparatives: statement of financial activities
| Income from: Donations Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income Net movement in funds 3. Income from donations Donations Grants Total income from donations Prior period comparative: Donations 4. Income from charitable activities Employment packages |
Restricted £ £ - 14,500 - 14,500 - 790 - 3,930 - 4,720 - 9,780 - 9,780 Restricted £ £ - 11,023 46,000 500 46,000 11,523 Restricted £ £ - 14,500 2021 Restricted Unrestricted Total £ £ £ - 6,340 6,340 Unrestricted Unrestricted Unrestricted |
2020 Total £ 14,500 |
|---|---|---|
| 14,500 | ||
| 790 3,930 |
||
| 4,720 | ||
| 9,780 | ||
| 9,780 | ||
| 2021 Total £ 11,023 46,500 |
||
| 57,523 | ||
| 2020 Total £ 14,500 |
||
| 2020 Total £ - |
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Standing Tall CIO
Notes to the financial statements
For the year ended 30 June 2021
5. Total expenditure
| Raising funds £ Staff costs 6,447 Administrative expenses - Premises costs 559 Advertising and marketing 2,834 Consulting costs - Website costs - Accountancy fees - Sub-total 9,840 1,809 Total expenditure 11,649 Total governance costs were £1,500 (2020: £129). Prior year comparative Raising funds £ Staff costs 634 Administrative expenses - Consulting costs - Website costs - Accountancy fees - Sub-total 634 156 Total expenditure 790 Allocation of support and governance costs Allocation of support and governance costs |
Charitable activities £ 22,860 1,772 1,677 - 2,200 9,875 - 38,384 7,057 45,441 Charitable activities £ 1,903 1,006 140 274 - 3,323 607 3,930 |
Support and governance costs £ 6,447 - 559 - 360 - 1,500 8,866 (8,866) - Support and governance costs £ 634 - - - 129 763 (763) - |
2021 Total £ 35,754 1,772 2,795 2,834 2,560 9,875 1,500 |
|---|---|---|---|
| 57,090 - |
|||
| 57,090 | |||
| 2020 Total £ 3,171 1,006 140 274 129 |
|||
| 4,720 - |
|||
| 4,720 |
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Standing Tall CIO
Notes to the financial statements
For the year ended 30 June 2021
6. Net movement in funds
This is stated after charging:
| Net movement in funds This is stated after charging: |
||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Trustees' remuneration | 32,236 | Nil |
| Trustees' reimbursed expenses | 1,252 | Nil |
| Independent examiner's remuneration: | ||
| Independent examination (including VAT) | 1,500 | - |
| Other services | 360 | - |
Trustees' reimbursed expenses relate to payments made to one trustee for various operating and travel costs. Trustees' remuneration relates to the employment of C Acton as interim Chief Executive to the charity (see note 13).
7. Staff costs and numbers
Staff costs were as follows:
| Salaries and wages Social security costs Pension costs |
2021 £ 33,727 1,312 715 35,754 |
2020 £ 2,716 455 - |
|---|---|---|
| 3,171 |
No employee earned more than £60,000 during the year.
The key management personnel of the charity comprise the Trustees and the Chief Executive Officer. The total employee benefits of the key management personnel were £32,236 (2020: £nil).
| Average head count | 2021 No. 1.00 |
2020 No. - |
|---|---|---|
8. Taxation
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
9. Debtors
| Prepayments | 2021 £ 1,849 |
2020 £ - |
|---|---|---|
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Standing Tall CIO
Notes to the financial statements
For the year ended 30 June 2021
10. Creditors : amounts due within 1 year
| Creditors : amounts due within 1 year | ||
|---|---|---|
| Trade creditors Accruals Other salaries, taxation and social security |
2021 £ 2,030 1,500 2,547 6,077 |
2020 £ - 70 - |
| 70 |
11. Analysis of net assets between funds
| Current assets Current liabilities Net assets at 30 June 2021 Prior year comparative Current assets Current liabilities Net assets at 30 June 2020 |
£ 12,829 - 12,829 £ - - - Restricted funds Restricted funds |
£ 9,801 (6,077) 3,724 £ 9,850 (70) 9,780 Unrestricted funds Unrestricted funds |
Total funds £ 22,630 (6,077) |
|---|---|---|---|
| 16,553 | |||
| Total funds £ 9,850 (70) |
|||
| 9,780 |
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Standing Tall CIO
Notes to the financial statements
For the year ended 30 June 2021
12. Movements in funds
| Transfers | |||||
|---|---|---|---|---|---|
| At 1 July | between | At 30 June | |||
| 2020 | Income | Expenditure | funds | 2021 | |
| £ | £ | £ | £ | £ | |
| Restricted funds | |||||
| Social Investment Bank | - | 30,000 | (17,171) | - | 12,829 |
| National Lottery | - | 10,000 | (10,000) | - | - |
| Deutsche Bank | - | 5,000 | (5,000) | - | - |
| Bitesize Pieces | - | 1,000 | (1,000) | - | - |
| Total restricted funds | - | 46,000 | (33,171) | - | 12,829 |
| Unrestricted funds | |||||
| General funds | 9,780 | 17,863 | (23,919) | - | 3,724 |
| Total unrestricted funds | 9,780 | 17,863 | (23,919) | - | 3,724 |
| Total funds | 9,780 | 63,863 | (57,090) | - | 16,553 |
| Purposes of restricted funds | |||||
| Social Investment Bank | A grant received | towards | salary costs for the charity. | ||
| National Lottery | A grant received | towards | salary costs for the charity. | ||
| Deutsche Bank | A grant received | by the charity to fund rent and website | costs. | ||
| Bitesize Pieces | A grant received | by the charity to fund website costs. | |||
| Transfers | |||||
| At 1 July | between | At 30 June | |||
| Prior year comparative | 2019 | Income | Expenditure | funds | 2020 |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General funds | - | 14,500 | (4,720) | - | 9,780 |
| Total unrestricted funds | - | 14,500 | (4,720) | - | 9,780 |
| Total funds | - | 14,500 | (4,720) | - | 9,780 |
13. Related party transactions
During the period Christy Acton, a trustee, was remunerated as a paid interim Chief Executive. Since the year end he has been employed by the charity as the permanent Chief Executive and has resigned his post as trustee effective 25 October 2021. Approval is being retrospectively sought from the Charity Commission for the remuneration of trustees during this period..
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