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2022-06-30-accounts

Charity no. 1185476

Standing Tall CIO Report and Unaudited Financial Statements 30 June 2022

Standing Tall CIO

Reference and administrative details

For the year ended 30 June 2022

Charity number 1185476
Registered office and Landmark Space
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:
C Acton resigned 25 October 2021
S Arab appointed 7 November 2022
M Ashfield (Chair)
M Davies
S Day appointed 7 November 2022
S Hollis appointed 7 November 2022
L Lam appointed 7 November 2022
S Lappin appointed 7 November 2022
A Marks appointed 7 November 2022
M Porter resigned 7 November 2022
I Rios resigned 9 March 2022
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

1

Standing Tall CIO

Report of the trustees

For the year ended 30 June 2022

The trustees present their report and examined financial statements for the year ended 30 June 2022.

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 during the year were:

An application has been made to update the objects, pending permission from the Charity Commission. The proposed objects are:

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 by matching them with one our Amici Hosts for 6 months. 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

The period from July 2021 to June 2022 has predominantly featured Standing Tall continuing to test its model in Birmingham. Over this time, the organisation has matched at least 15 people into stable jobs and safe homes in Birmingham helping them to move away from the streets.

2

Standing Tall CIO

Report of the trustees

For the year ended 30 June 2022

80% of the people we help are still off the streets and in the same job one year later.

We have continued to develop working relations with our employer partners in different sectors; construction; hospitality; manufacturing and retail. We currently have an agreement with M Lambe Construction to match them with 5 candidates across each 12-month period.

We have continued to develop relations with our partner organisations that introduce us to people who have been through homelessness but are ready for work. In Birmingham we work with over 20 organisations on this basis.

We have also continued to recruit Amici Hosts to welcome the people we help into their homes for 6 months. This is a crucial aspect of our approach.

In November 2021 we were thrilled to co-win the Stephen Lloyd Award. This is an award given to start up not for profits that show potential to have significant impact to make the world a better place. It was fantastic to co-win this and this has helped us raise our profile over this period.

Towards the end of the financial year, we have made plans to begin operations in 2 new cities, namely London and Manchester. From July 2022 Standing Tall will employ 2 new Talent Scouts for London and Manchester. These staff will then be able to set about helping people in these 2 new cities.

Financial review

Unrestricted reserves at 30 June 2022 were £50,061. The trustees have a reserves policy to work towards securing and retaining 3 months of core costs as the charity’s unrestricted reserves. This is estimated to be £29,766 based on expenditure for the final three months of 2021/22.

In the 2021/2022 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 contribute to more of the charity’s expenditure in the coming 12 month period.

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:

3

Standing Tall CIO

Report of the trustees

For the year ended 30 June 2022

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 re-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 31 January 2023 and signed on their behalf by

Mark Ashfield

Mark Ashfield - Chair

4

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 2022, which are set out on pages 6 to 15.

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 accounts software support 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:

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: 31 January 2023 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

5

Standing Tall CIO

Statement of financial activities

For the year ended 30 June 2022

Restricted Unrestricted
Note
£
£
Income from:
Donations
3
87,757
52,979
Charitable activities
4
-
54,341
Total income
87,757
107,320
Expenditure on:
Raising funds
-
30,888
Charitable activities
69,905
30,095
Total expenditure
5
69,905
60,983
Net income and net movement in funds
6
17,852
46,337
Reconciliation of funds:
Total funds brought forward
12,829
3,724
Total funds carried forward
30,681
50,061
2022
Total
£
140,736
54,341
195,077
30,888
100,000
130,888
64,189
16,553
80,742
2021
Total
£
57,523
6,340
63,863
11,649
45,441
57,090
6,773
9,780
16,553

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.

6

Standing Tall CIO

Balance sheet

As at 30 June 2022

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
£
7,724
79,972
87,696
(6,954)
2022
£
80,742
80,742
30,681
50,061
80,742
2021
£
1,849
20,781
22,630
(6,077)
16,553
16,553
12,829
3,724
16,553

Approved by the trustees on 31 January 2023 and signed on their behalf by

Mark Ashfield

Mark Ashfield - Chair

7

Standing Tall CIO

Notes to the financial statements

For the year ended 30 June 2022

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.

8

Standing Tall CIO

Notes to the financial statements

For the year ended 30 June 2022

f) Expenditure and irrecoverable VAT

g) Allocation of support and governance costs

2022 2021
Raising funds 23.6% 20.4%
Charitable activities 76.4% 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.

9

Standing Tall CIO

Notes to the financial statements

For the year ended 30 June 2022

2. Prior period comparatives: statement of financial activities

Income from:
Donations
Charitable activities
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
3.
Income from donations
Donations
Grants
Total income from donations
Prior period comparative
Donations
Grants
Total income from donations
4.
Income from charitable activities
Employment packages
Net income / (expenditure) and net
movement in funds
Restricted
£
£
46,000
11,523
-
6,340
46,000
17,863
-
11,649
33,171
12,270
33,171
23,919
12,829
(6,056)
Restricted
£
£
-
9,979
87,757
43,000
87,757
52,979
Restricted
£
£
-
11,023
46,000
500
46,000
11,523
2022
Restricted Unrestricted
Total
£
£
£
-
54,341
54,341
Unrestricted
Unrestricted
Unrestricted
2021
Total
£
57,523
6,340
63,863
11,649
45,441
57,090
6,773
2022
Total
£
9,979
130,757
140,736
2021
Total
£
11,023
46,500
57,523
2021
Total
£
6,340

All income from charitable activities in the prior period was unrestricted.

10

Standing Tall CIO

Notes to the financial statements

For the year ended 30 June 2022

5. Total expenditure

Raising funds
£
Staff costs (note 7)
11,074
Advertising and marketing
14,810
Administrative expenses
-
Premises costs
1,619
Consulting costs
-
Website costs
-
Cost of goods sold
-
Accountancy fees
-
Sub-total
27,503
3,385
Total expenditure
30,888
Total governance costs were £1,650 (2021: £1,500).
Allocation of support and
governance costs
Charitable
activities
£
65,851
-
10,942
4,856
-
4,416
2,977
-
89,042
10,958
100,000
Support and
governance
costs
£
11,074
-
-
1,619
-
-
-
1,650
14,343
(14,343)
-
2022 Total
£
87,999
14,810
10,942
8,094
-
4,416
2,977
1,650
130,888
-
130,888
Prior year comparative
Staff costs (note 7)
Administrative expenses
Premises costs
Advertising and marketing
Consulting costs
Website costs
Accountancy fees
Sub-total
Total expenditure
Allocation of support and
governance costs
Raising funds
£
6,447
-
559
2,834
-
-
-
9,840
1,809
11,649
Charitable
activities
£
22,860
1,772
1,677
-
2,200
9,875
-
38,384
7,057
45,441
Support and
governance
costs
£
6,447
-
559
-
360
-
1,500
8,866
(8,866)
-
2021 Total
£
35,754
1,772
2,795
2,834
2,560
9,875
1,500
57,090
-
57,090

11

Standing Tall CIO

Notes to the financial statements

For the year ended 30 June 2022

6. Net movement in funds

This is stated after charging:

Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration:
▪Independent examination (including VAT)
▪Other services (including VAT)
2022
£
17,409
95
1,650
255
2021
£
32,236
1,252
1,500
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 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
2022
£
80,551
6,125
1,323
87,999
2021
£
33,727
1,312
715
35,754

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 £55,367 (2021: £32,236).

Average head count 2022
No.
4
2021
No.
1

8. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

12

Standing Tall CIO

Notes to the financial statements

For the year ended 30 June 2022

9. Debtors

Accounts receivable
Prepayments
10. Creditors : amounts due within 1 year
Trade creditors
Accruals
Other salaries, taxation and social security
2022
£
5,933
1,791
7,724
2022
£
2,375
1,650
2,929
6,954
2021
£
-
1,849
1,849
2021
£
2,030
1,500
2,547
6,077

11. Analysis of net assets between funds

Current assets
Current liabilities
Net assets at 30 June 2022
Prior year comparative
Current assets
Current liabilities
Net assets at 30 June 2021
£
30,681
-
30,681
£
12,829
-
12,829
Restricted
funds
Restricted
funds
£
57,015
(6,954)
50,061
£
9,801
(6,077)
3,724
Unrestricted
funds
Unrestricted
funds
Total
funds
£
87,696
(6,954)
80,742
Total funds
£
22,630
(6,077)
16,553

13

Standing Tall CIO

Notes to the financial statements

For the year ended 30 June 2022

12. Movements in funds

Movements in funds
Restricted funds
Social Investment Bank
SESF
Shackleton
SSE
UnLtd
Awards for All
Eveson
Deutsche Bank
Bates Wells Foundation
David East
Change into Action
Total restricted funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds
At 1 July
2021
£
12,829
-
-
-
-
-
-
-
-
-
-
12,829
3,724
3,724
16,553
Income
£
17,250
22,200
10,000
3,000
12,500
10,000
3,001
4,992
2,000
2,000
814
87,757
107,320
107,320
195,077
£
(30,079)
-
(4,519)
-
(12,500)
(10,000)
(3,001)
(4,992)
(2,000)
(2,000)
(814)
(69,905)
(60,983)
(60,983)
(130,888)
Expenditure
£
£
-
-
-
22,200
-
5,481
-
3,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
30,681
-
50,061
-
50,061
-
80,742
Transfers
between
funds
At 30 June
2022
30,681
50,061
50,061
80,742

Purposes of restricted funds

Social Investment Bank

A grant received towards salary costs for the charity.

SESF

A grant to fund the salary of new staff.

Shackleton, SSE, UnLtd, Awards for All and Eveson

Grants towards a range of costs including salary, rent advertising and insurance.

Deutsche Bank

A grant received by the charity to fund video production for the website.

Bates Wells foundation

A grant to fund a presentation at an awards ceremony.

David East Change into Action

A grant towards website costs.

A grant towards the costs of placement with Amici hosts.

14

Standing Tall CIO

Notes to the financial statements

For the year ended 30 June 2022

12. Movement in funds (continued)

Prior year comparative
Restricted funds
Social Investment Bank
National Lottery
Deutsche Bank
Bitesize Pieces
Total restricted funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds
At 1 July
2020
£
-
-
-
-
-
9,780
9,780
9,780
Income
£
30,000
10,000
5,000
1,000
46,000
17,863
17,863
17,863
£
(17,171)
(10,000)
(5,000)
(1,000)
(33,171)
(23,919)
(23,919)
(23,919)
Expenditure
£
£
-
12,829
-
-
-
-
-
-
-
12,829
-
3,724
-
3,724
-
16,553
Transfers
between
funds
At 30 June
2021
£
£
-
12,829
-
-
-
-
-
-
-
12,829
-
3,724
-
3,724
-
16,553
Transfers
between
funds
At 30 June
2021
12,829
3,724
3,724
16,553

13. Related party transactions

Christy Acton was a trustee from the beginning of the period until he resigned effective 25 October 2021. He has been employed as CEO for the entire year and approval has been sought from the charity commision for the renumeration of a trustee.

15

Landmark Space Brindley Place Birmingham B1 2JB

Rob Wilson FCA Godfrey Wilson Limited Chartered Accountants & Statutory Auditors 5[th] Floor Mariner House 62 Prince Street Bristol BS1 4QD

31 January 2023

Dear Rob

Letter of Representations on the Financial Statements for the Year Ended 30 June 2022

We confirm that the following representations are made on the basis of enquiries of the trustees, management and staff with relevant knowledge and experience (and, where appropriate, of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make each of the following representations to you:

  1. We have fulfilled our responsibilities as trustees, as set out in the terms of your engagement letter dated 21 October 2020, under the Charities Act 2011 for preparing 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).

We confirm that in our opinion the financial statements give a true and fair view and in particular that where any additional information must be disclosed in order to give a true and fair view that information has in fact been disclosed. We confirm that the selection and application of the accounting policies used in the preparation of the financial statements are appropriate, and we approve these accounts for the year ended 30 June 2022.

  1. We confirm that all accounting records have been made available to you for the purpose of your examination, in accordance with your terms of engagement, and that all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management, trustees’ and members’ meetings, have been made available to you. We have given you unrestricted access to persons within the charity in order to obtain evidence and have provided any additional information that you have requested for the purposes of your examination.

  2. We confirm the charity has satisfactory title to all assets and there are no liens or encumbrances on the assets, except for those disclosed in the financial statements.

  3. We confirm that significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. We confirm that we have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements.

Standing Tall is a UK registered charity no. 1185476

  1. We confirm that the charity has no liabilities or contingent liabilities other than those disclosed in the financial statements.

  2. We confirm that all known actual or possible litigation and claims whose effects should be considered when preparing the financial statements have been disclosed to you and accounted for and disclosed in accordance with the applicable financial reporting framework.

  3. We confirm that there have been no events since the balance sheet date which require disclosing or which would materially affect the amounts in the financial statements, other than those already disclosed or included in the financial statements.

  4. We confirm that we are aware that a related party of the charity is a person or organisation which either (directly or indirectly) controls, has joint control of, or significantly influences the charity or vice versa and as a result will include: trustees, other key management, close family and other business interests of the previous. We confirm that all related party relationships and transactions have been accounted for and disclosed in accordance with the applicable financial reporting framework.

  5. We confirm that the charity neither had, at any time during the year, any arrangement, transaction or agreement to provide credit facilities (including advances and credits granted by the charity) for trustees, nor provided guarantees of any kind on behalf of the trustees except as disclosed in the financial statements.

  6. We confirm that the charity has not contracted for any capital expenditure other than as disclosed in the financial statements.

  7. We confirm that the charity has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non-compliance.

  8. We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the charity conducts its activities and which are central to the charity’s ability to conduct its activities, except as explained to you and as disclosed in the financial statements.

  9. We acknowledge our responsibility for the design, implementation and maintenance of internal controls to prevent and detect fraud. We confirm that we have disclosed to you the results of our risk assessment of the risk of fraud in the organisation. There have been no deficiencies in internal control of which we are aware.

  10. We confirm that there have been no actual or suspected instances of fraud involving trustees, management or employees who have a significant role in internal control or that could have a material effect on the financial statements. We also confirm that we are not aware of any allegations of fraud by trustees, former trustees, employees, former employees, regulators or others.

  11. We confirm that, in our opinion, the charity’s financial statements should be prepared on the going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity’s needs. In reaching this conclusion, we have taken into account all relevant matters of which we are aware, and have considered a period of at least one year from the date on which the financial statements will be approved.

  12. We confirm that in our opinion the effects of uncorrected misstatements are immaterial, both individually and in aggregate, to the financial statements as a whole.

  13. We confirm that we are not aware of any matters of material significance that should be reported to regulators. We confirm that all correspondence with the Charity Commission has been made available to you.

Standing Tall is a UK registered charity no. 1185476

  1. We confirm that all grants, donations and other income, including those subject to special terms or conditions or received for restricted purposes, have been notified to you. There have been no breaches of terms or conditions during the period regarding the application of such income.

Yours sincerely

Mark Ashfield

Mark Ashfield - Chair

For and on behalf of the Trustees of Standing Tall CIO

Standing Tall is a UK registered charity no. 1185476