Company Registration No. 11624796 (England and Wales)
HOMELESS STREET ANGELS LIMITED ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
HOMELESS STREET ANGELS LIMITED ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS
| Page | |
|---|---|
| Company information | 3 |
| Directors' report | 4 |
| Accountants' report | 6 |
| Income statement | 7 |
| Statement of financial position | 8 |
| Notes to the accounts | 9 |
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HOMELESS STREET ANGELS LIMITED COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2023
Directors B Joyce R Stone Company Number 11624796 (England and Wales) Registered Office Charity Registration Number 1185876 29 Sandringham Way Leeds LS17 8BX
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HOMELESS STREET ANGELS LIMITED (COMPANY NO: 11624796 ENGLAND AND WALES) DIRECTORS' REPORT
The directors present their report and accounts for the year ended 31 March 2023.
Principal activity
The charitable company's objectives are set out in the Memorandum and Articles of Association dated 10 September 2018, subsequently amended on 21 September 2019. The aim of our charity is to promote social inclusion for the public benefit by working with people in Leeds and the surrounding area who are socially excluded as a result of homelessness or risk of homelessness.�
During the year ended 31 March 2023 we have grown exponentially regarding the services we offer. Alongside feeding and clothing over 100 of our homeless clients in the city centre every Thursday night, our foodbank register has increased to over 400 families now and we have also started helping our struggling clients with fuel vouchers. �
We have been working closely with Public Health England and High Ash Dental surgery and have managed to provide dental care to over 30 clients in the last 12 months with ongoing treatment plans.�
In the last financial year, we have given out 413 food parcels, almost 5,000 hot meals and 92 televisions. Our office and storage facility in Chapel Allerton just isn’t big enough now so we are fundraising on a constant basis to try and increase our funds for bigger premises. We are still helping to collect donations of white goods and furniture for when our clients get a new home so it would be great to have bigger premises where we can store these items.�
We are constantly attending meetings with the services, councils and other businesses to try and increase our potential in the community. Our team of volunteers has grown over the last 12 months, and we now have over 40 volunteers helping with the outreach, food parcels delivery and the collection of donations.�
Despite the ongoing cost of living crisis and the increase in demand for our services we have once again maintained our average monthly income during the year ended 31 March 2023. We have seen an increase in donations of food from the local supermarkets towards our foodbank which is cutting costs down and we have two annual fundraising events, Angel Fest and our popular rucksack appeal, which help to generate some of our ongoing costs.�
We also did a wing walking fundraiser which managed to raise almost £7.000.�
Our goal is to have a day centre named ‘Abi House’ where our clients can come to for food, advice and just a helping hand in developing learned life skills, where we can have extra storage for furniture, house the foodbank and have a safe place for our clients.�
Activities undertaken to further public benefit are focussed around the relief of homelessness for persons in the city of Leeds and the surrounding area, regardless of race, gender or sexual orientation. The company is registered as a charity with the Charity Commission and the directors confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England & Wales.�
The charity has the following trustees. The full board of trustees meets on a quarterly basis, with further interim meetings on a more regular basis to discuss operational issues:�
F Avery� B Joyce� J Mulkeen� S Shapero� R Stone
Directors
The following directors held office during the whole of the period:
B Joyce R Stone
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Statement of directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors
............................................................................
R Stone Director
Approved by the board on: 19 August 2023
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF HOMELESS STREET ANGELS LIMITED FOR THE YEAR ENDED 31 MARCH 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Homeless Street Angels Limited for the year ended 31 March 2023 as set out on pages 7 - 11 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Homeless Street Angels Limited, as a body, in accordance with the terms of our engagement letter dated 16 December 2021. Our work has been undertaken solely to prepare for your approval the accounts of Homeless Street Angels Limited and state those matters that we have agreed to state to the Board of Directors of Homeless Street Angels Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Homeless Street Angels Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Homeless Street Angels Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Homeless Street Angels Limited. You consider that Homeless Street Angels Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Homeless Street Angels Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Chartered Accountants
8 July 2023
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HOMELESS STREET ANGELS LIMITED INCOME STATEMENT FOR THE YEAR ENDED 31 MARCH 2023
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Turnover | 4 | 106,916 | 105,854 |
| Cost of sales | (78,051) | (78,759) | |
| Gross profit | 28,865 | 27,095 | |
| Operating profit | 5 | 28,865 | 27,095 |
| Profit on ordinary activities before taxation | 28,865 | 27,095 | |
| Tax on profit on ordinary activities | 6 | - | - |
| Profit for the financial year | 28,865 | 27,095 |
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HOMELESS STREET ANGELS LIMITED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023
| Notes Fixed assets Tangible assets 7 Current assets Debtors 8 Cash at bank and in hand Net current assets Net assets Capital and reserves Profit and loss account Shareholders' funds |
2023 £ 2,124 2,792 112,167 114,959 114,959 117,083 117,083 117,083 |
2022 £ 2,881 17,105 68,232 |
|---|---|---|
| 85,337 | ||
| 85,337 | ||
| 88,218 | ||
| 88,218 | ||
| 88,218 |
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2023 and were signed on its behalf by
R Stone Director
Company Registration No. 11624796
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HOMELESS STREET ANGELS LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
1 Statutory information
Homeless Street Angels Limited is a private company, limited by shares, registered in England and Wales, registration number 11624796. The registered office is Charity Registration Number 1185876, 29 Sandringham Way, Leeds, LS17 8BX.
2 Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3 Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets, in accordance with Accounting and Reporting by Charities Statement of Recommended Practice applicable in the UK and Republic of Ireland (effective 1 January 2015). They also comply with the Companies Act 2006 and Charities Act 2011. Homeless Street Angels Limited meets the definition of a public benefit entity under FRS 102.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles 25% reducing balance basis Fixtures & fittings 33% straight line basis
Going concern
The Financial Statements have been prepared on a going concern basis. The directors and trustees assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The directors and trustees make this assessment in respect of a period of one year from the date of the approval of the financial statements.
Income
All income is recognised once the charity has entitlement to the income. Cash donations are recognised on receipt. Other donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until those conditions are fully met.
Grants
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the Statement of Financial Position as deferred income to be released.
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HOMELESS STREET ANGELS LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
Charitable activities and costs
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries, costs that can be allocated directly to such activities and costs of an indirect nature necessary to support them. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.�
Governance costs include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees' meetings and reimbursed expenses.
Fund structure
Unrestricted income funds are general funds that are available for use at the directors' and trustees' discretion in furtherance of the objectives of the charity.
4 Turnover
All income from donations and legacies are in respect of general funds. There were no grants from other charities.
All expenditure during the accounting period has been incurred on providing support to homeless people. There were no governance costs during the accounting period.
6 Taxation
The charity is a registered charity and is exempt from Corporation Tax.
| 7 Tangible fixed assets Cost or valuation At 1 April 2022 At 31 March 2023 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 8 Debtors Amounts falling due within one year Accrued income and prepayments Other debtors |
Motor vehicles £ At cost 5,000 5,000 2,312 738 3,050 1,950 2,688 |
Fixtures & fittings £ At cost 369 369 176 19 195 174 193 2023 £ 792 2,000 2,792 |
Total £ 5,369 |
|---|---|---|---|
| 5,369 | |||
| 2,488 757 |
|||
| 3,245 | |||
| 2,124 | |||
| 2,881 | |||
| 2022 £ 15,105 2,000 |
|||
| 17,105 |
9 Transactions with related parties
During the accounting period the charity paid remuneration to a trustee, Shelley Anne Joyce, of £31,944 (2022 - £31,058).
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HOMELESS STREET ANGELS LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
10 Average number of employees
During the year the average number of employees was 1 (2022: 1).
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