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2022-02-28-accounts

Charity number: 1188070

MY SISTERS' HOUSE CIO

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

MY SISTERS' HOUSE CIO

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 8
Independent examiner's report 9 - 10
Statement of financial activities 11
Balance sheet 12
Notes to the financial statements 13 - 25

MY SISTERS' HOUSE CIO

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 28 FEBRUARY 2022

Trustees D Smith
G Austin-Hogg (resigned 6 October 2021)
S Collier
J Hooton (appointed 26 May 2021)
S Beeby (appointed 21 July 2021, resigned 11 May 2022)
H Prescott (appointed 26 May 2021)
L Hastings (appointed 6 October 2021)
Charity registered
number
1188070
Principal office
108bc London Road
Bognor Regis
PO21 1BD
Accountants
MHA MacIntyre Hudson
Chartered Accountants
Moorgate House
201 Silbury Boulevard
Milton Keynes
Buckinghamshire
MK9 1LZ

Page 1

MY SISTERS' HOUSE CIO

TRUSTEES' REPORT FOR THE YEAR ENDED 28 FEBRUARY 2022

The trustees, present their report and the unaudited financial statements for the year ended 28 February 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 2 to the financial statements and comply with the “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)” (as amended for accounting periods commencing from 1 January 2019) and the Charities Act 2011.

Structure, Governance and Management

On 1st March 2020, My Sisters’ House converted from a CIC (Community Interest Company) to a CIO (Charitable Incorporated Organisation). We adopted our memorandum and articles of association as My Sisters’ House CIO on this date. In addition, the existing Directors of My Sisters’ House CIC became the Trustees of My Sisters House CIO.

The Chair of the Board of Trustees is an extremely experienced Chair, who is also a Trustee of other charities. We have a Trustee who has a wealth of experience in services to women and a Trustee who is a qualified accountant. Our HR Trustee had to resign from her position in May 2022, due to a professional conflict of interest. We have identified gaps in HR, legal and IT, which we are seeking to fill. We feel that the support we get from our external IT consultant is currently sufficient, however, we are still actively seeking Trustees with skills in HR and legal. Our trustee recruitment process is a three part process: firstly we would welcome a CV from an interested party, we would then invite them for discussions with both our CEO and Chair of Trustees. Thirdly, we would invite them to attend one of our board meetings. Following the board meeting, existing Trustees would discuss their suitability before welcoming them to join the Board.

The Board of Trustees delegates day-to-day management of My Sisters’ House to the CEO. During the latter part of 2021, the Founder CEO, Julie Budge announced her intention to retire from the organisation. She left in February 2022, whilst retaining certain duties until such time as a suitable replacement was recruited. Following a management restructure, and organisational growth, Julie has been assisted in her role this year by a Chief Operations Officer (COO), an Office Manager and three Service Managers.

Financial Review

The Charity are currently holding unrestricted funds at the year end totalling £193,045.

This is higher than we would expect to hold in unrestricted reserves (which we would expect to be around three months of running costs - currently in the region of £125,000).

The £100,000 donated to us in the last financial year by our Patron, Dame Julie Walters has enabled us to fund and open our second premises in Chichester, as hoped, and in line with our strategic aims.

Restricted funding for some of the job roles has now come to an end, however the requirement for the posts has not. In fact, the roles are more important than ever, as demand for our services continues to grow. Whilst we hope that funding can be obtained to secure these roles into the future, the Board recognise that a break in client services whilst seeking funding would be detrimental to the charities objectives. The Board has therefore agreed that certain roles can continue to be funded from unrestricted funding, until such time as dedicated funding is secured for these roles. This is regularly reviewed at Board and Finance & HR sub-committee meetings, to ensure the necessity of critical roles.

The Senior Management roles within the organisation (CEO, COO, Office Manager) are currently funded through unrestricted funds.

Holding unrestricted funds allows the Board to be risk averse as it allows us to make long term decisions (such as around staff recruitment and premises), without the need for a break in client services whilst further funding is obtained.

Page 2

MY SISTERS' HOUSE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022

Reserves Policy

“It is the policy of the Trustees to establish and maintain free reserves at a level sufficient to enable the Charity to continue to deliver its range of services during periods of lower income and meet all responsibilities in the case of closure.

My Sisters’ House CIO has maintained this method for the continuous assessment of risk, including a valuation of the level of reserves that we might need, based on the review of each of our current services and the flow of funds.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to at least six month’s expenditure (excluding funded projects); this is to allow the charity to be managed efficiently and to provide a buffer for uninterrupted services.

The view of the Trustees for the year is that the overall position of the charity and the balance of funds was sufficient to continue to operate charitable services at the levels agreed, and there are sufficient liquid assets to enable restricted and designated funds to be applied as necessary.

This level of reserves had been achieved at the year end. The total funds held at the balance sheet date were £279,566 (2021: £314,336) which includes £86,521 (2021: £122,497) held in restricted funds and £22,676 (2021: £11,641) held as tangible fixed assets. This gives free reserves of £193,045 (2021: £191,839).”

Objectives and Activities

Our Vision

That no woman within our community should experience abuse, poverty, mental health or other disadvantages without the support that will help them to live healthy lives and realise their full potential.

Our Mission

“Helping women to thrive, not just survive.”

To provide a range of support to women from all backgrounds facing all kinds of issues, where their strengths are recognised, their difficulties acknowledged and where they can achieve positive change they are proud of.

Our Objectives

We support vulnerable women who experience multiple disadvantage due to a combination of complex and overlapping problems including histories of physical, emotional and sexual abuse, drug and alcohol addiction, trauma, and mental health problems.

We support women who may be having a difficult time in their lives – a recent loss such as bereavement, suffering poverty from unemployment, relationship breakdown, are the victim of crime, or living with the impact of accident or illness/disability.

We support women with complex needs who may lead chaotic lives, and ‘move from one crisis to another.’ They often lack social confidence, have low self-worth, and feel isolated and outcast from society. This frequently means that they are unable or unwilling to sustain engagement with mainstream support agencies.

We work to reduce the factors which affect the ability of women to benefit from the support available to them. This can include an unwillingness to seek help, distrust of helping organisations, perceptions of services as irrelevant, and feelings of hopelessness or ‘not being ready.’

Page 3

MY SISTERS' HOUSE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022

WHAT DO WE DO?

We offer the support of specialist staff with knowledge and experience in the fields of domestic abuse, employment support and training, and benefit applications and other financial appeals.

We help by providing one-to-one keyworking, peer groups, courses in building confidence and skills, and dealing with anxiety, and we offer counselling to those who need it.

We run a course for mothers and children to help them recognise and overcome the lasting effects of domestic abuse.

We give out foodbank vouchers, clothing vouchers and bags of toiletries. We liaise with the local baby bank, to facilitate the receipt of baby goods by our clients. We are able to offer client crisis funds, for clients in urgent need of financial support to facilitate their health or safety. We now run a monthly clothing bank, utilised by c. 100 women and girls each month.

Our varied programme of activities and events provides a vital sense of safety and community, which in turn, improves women’s confidence, wellbeing and ability to feel empowered to effect real change.

We continue to offer both group and one-to-one support in person, online and via the telephone.

We are now open 30+ hours per week (including evenings and weekends) across our two sites.

GENERAL SERVICES: advice, support, training and workshops for all women

STRONGER FUTURES: support for women who are living with or are in recovery of domestic abuse

STEP FORWARD: increasing women’s employability with mentoring and support

To date, 135 women have completed their programme of work with us, 56 of whom have moved into employment, 27 into education and 8 were job searching and we continue to support 29 women currently. Many of the women who seek our support are those who are furthest from the job market, having experienced extended periods of unemployment, low levels of educational attainment, and low levels of basic skills.

Page 4

MY SISTERS' HOUSE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022

Achievements and performance

Page 5

MY SISTERS. HOUSE CIO TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022 Who uses our services. on Acco55lDR fv1ySiSttlS' Ivofflon's Contre 18-24 Unknown 26.3% 25-34 21.7% 65-74 2.2% 39% suffering or recovering from domestic abuse 8.9% 35-54 34.9% Age range of women accessing our services Page 6

MY SISTERS' HOUSE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022

The past 12 months:

Despite the ongoing challenges presented by Covid and its legacy, we have continued to grow and develop our services and provision. We have continued to benefit from short-term Covid funding, and have supported an unprecedented 1378 new clients in this financial year, which truly represents the growing scale of local need. October and December were our busiest months, as Covid restrictions were lifted in October and December saw our large-scale Christmas gifting event.

In September 2021, we were awarded funding by the Ministry of Justice (Office for the Sussex Police Crime Commissioner) to fund a Complex Needs Worker for the Eastern European Community, in response to a recognised unmet need, for the large local Eastern European Community. We were quickly able to recruit a trilingual Complex Needs Worker to fill this post.

In October 2021, we made the decision – in consultation with our key stakeholders – to close our services for two weeks, to enable us to catch up with the triage and waiting list backlogs, and ensure that we were continuing to offer the best possible service to those women accessing our support.

In response to the need, and to the demand placed upon our services, we created a client eligibility criteria pathway, to ensure that we were supporting clients within our funding remit and, otherwise, signposting and referring effectively, to more appropriate sources of support.

Page 7

MY SISTERS' HOUSE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022

We have continued to offer support in person, online, and via the telephone, and increased our drop-in offer in our Bognor centre to 6 days (and 2 evenings) per week. Our volunteer numbers have increased from 5, before the pandemic, to in excess of 30, and we now offer a ‘Wellbeing Hub’ with step-down support for those clients who benefit from some wellbeing input. Our volunteer support now represents hundreds of hours, weekly, which has increased the social value of My Sisters’ House exponentially.

Our Chichester satellite ‘hub’ was opened by our Patron, Dame Julie Walters, in December 2021, and we began to offer drop-in and group support there, by the end of the financial year. This was thanks to her generous donation, in the previous financial year, as well as to funding, and ‘in person’ support from Hyde Housing Association.

We were joined, towards the end of the financial year, by a Finance Officer who is a Chartered Accountant, with the aim of further improving our financial processes, procedures and controls.

We have been lucky enough to be supported this year, by a number of funders, from statutory agencies such as the Ministry of Justice and the National Suicide Prevention Fund, and larger funders such as Aspire and the National Lottery Community Fund, to smaller funds such as the Sussex Community Foundation, and our ever invaluable individual donors.

Conclusion

The Board of Trustees wishes to express thanks to all staff and volunteers who consistently work so hard to provide such high quality support to our clients, in the face of challenges and an unpredictable broader landscape. We are also ever grateful to our funders, large and small, for invaluable resources, which enable us to remain responsive in meet changing and increasing need.

Approved by order of the members of the board of Trustees on 13th December 2022 _______ and signed on their behalf by:

D Smith

Trustee

Page 8

MY SISTERS' HOUSE CIO

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 28 FEBRUARY 2022

Independent examiner's report to the Trustees of My Sisters' House CIO ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 28 February 2022.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered accountants, which is one of the listed bodies.

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no 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 Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Page 9

MY SISTERS. HOUSE CIO INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022 SvJned.' Dated.. I￿]12) 2oac . Elvzabeth Nth¥ell BA IHon$l FCA MHA Maclntyre Hudson Chartered Accountants Moorg8te House 201 Silbury Boultrvard Mitton K¥yne3 MK9 1LZ Paqe 10

MY SISTERS' HOUSE CIO

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2022

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other income
5
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net (expenditure)/income
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2022
£
4,128
404,285
-
408,413
103
419,286
419,389
(10,976)
(6,377)
(17,353)
122,497
(17,353)
105,144		 Unrestricted
funds
2022
£
77,005
13,885
1
90,891
2,256
112,429
114,685
(23,794)
6,377
(17,417)
191,839
(17,417)
174,422		 Total
funds
2022
£
81,133
418,170
1
499,304
2,359
531,715
534,074
(34,770)
-
(34,770)
314,336
(34,770)
279,566		 Total
funds
2021
£
123,140
427,384
-
550,524
2,290
361,001
363,291
187,233
46,978
234,211
80,125
234,211
314,336

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 13 to 25 form part of these financial statements.

Page 11

MY SISTERS' HOUSE CIO

BALANCE SHEET AS AT 28 FEBRUARY 2022

Note
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
13
Unrestricted funds
13
Total funds		 90,598
179,534
270,132
(13,242)		 2022
£
22,676
22,676
256,890
279,566
279,566
279,566
105,144
174,422
279,566		 1,470
321,941
323,411
(20,716)		 2021
£
11,641
11,641
302,695
314,336
314,336
314,336
122,497
191,839
314,336

The financial statements were approved and authorised for issue by the Trustees on 13th December 2022_______ and signed on their behalf by:

D Smith

Trustee

The notes on pages 13 to 25 form part of these financial statements.

Page 12

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

1. General information

My Sisters' House CIO is a charitable incorporated organisation.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

My Sisters' House 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.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 13

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

2. Accounting policies (continued)

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings

2.5 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.6 Cash at bank and in hand

Cash at bank and 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.

Page 14

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

2. Accounting policies (continued)

2.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.8 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.9 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 15

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

3. Income from donations and legacies

Donations
Legacies
Donations		 Restricted
funds
2022
Unrestricted
funds
2022
£
£
4,128
74,600
-
2,405
4,128
77,005
Unrestricted
funds
2021
£
123,140		 Total
funds
2022
£
78,728
2,405
81,133
Total
funds
2021
£
123,140

4. Income from charitable activities

Income from charitable activities - Trading
Income from charitable activities - Grants
Income from charitable activities - Trading
Income from charitable activities - Grants		 Restricted
funds
2022
Unrestricted
funds
2022
£
£
-
4,660
404,285
9,225
404,285
13,885
Restricted
funds
2021
Unrestricted
funds
2021
£
£
-
1,304
420,732
5,348
420,732
6,652		 Total
funds
2022
£
4,660
413,510
418,170
Total
funds
2021
£
1,304
426,080
427,384

Page 16

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

5. Other incoming resources

Unrestricted Total Total
funds funds funds
2022 2022 2021
£ £ £
Bank interest received 1 1 -

6. Analysis of expenditure by activities

Direct costs
Direct costs		 Activities
undertaken
directly
2022
£
531,715
Activities
undertaken
directly
2021
£
361,001		 Total
funds
2022
£
531,715
Total
funds
2021
£
361,001

Page 17

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Depreciation
Staff training
Staff/Volunteer Welfare
Rent
Light and heat
Equipment
IT costs
Travel costs
Legal fees
Consulting fees
Accountancy fees
Advertising, marketing and website
Telephone and internet
Subscriptions
Postage
Printing and stationery
Facilitor and client welfare costs
Cleaning
General expenses
Full Cost Recovery Contribution		 Direct costs
2022
£
388,254
4,731
3,821
2,042
23,339
3,257
1,090
11,454
45
7,843
2,223
6,874
2,705
7,200
35
103
1,642
20,987
4,927
18,988
20,155
531,715		 Total
funds
2022
£
388,254
4,731
3,821
2,042
23,339
3,257
1,090
11,454
45
7,843
2,223
6,874
2,705
7,200
35
103
1,642
20,987
4,927
18,988
20,155
531,715

Page 18

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

6. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

Staff costs
Depreciation
Staff training
Staff/Volunteer Welfare
Rent
Light and heat
Equipment
IT costs
Travel costs
Legal fees
Consulting fees
Accountancy fees
Advertising, marketing and website
Telephone and internet
Subscriptions
Postage
Printing and stationery
Facilitor and client welfare costs
Cleaning
General expenses
Full Cost Recovery Contribution
7.
Staff costs
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 Direct costs
2021
£
270,133
1,902
2,159
703
16,717
1,559
776
10,390
180
2,745
2,640
3,574
3,083
4,936
35
20
842
7,895
2,136
5,153
23,423
361,001
2022
£
362,210
20,255
5,789
388,254		 Total
funds
2021
£
270,133
1,902
2,159
703
16,717
1,559
776
10,390
180
2,745
2,640
3,574
3,083
4,936
35
20
842
7,895
2,136
5,153
23,423
361,001
2021
£
253,100
12,823
4,210
270,133

Page 19

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

7. Staff costs (continued)

The average number of persons employed by the Charity during the year was as follows:

2022 2021
No. No.
Employees 22 16

No employee received remuneration amounting to more than £60,000 in either year.

Key management personnel salaries were £59,334 during the year (2021: £54,471).

8. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2021 - £NIL) .

During the year ended 28 February 2022, no Trustee expenses have been incurred (2021 - £NIL) .

Page 20

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

9. Tangible fixed assets

Cost or valuation
At 1 March 2021
Additions
At 28 February 2022
Depreciation
At 1 March 2021
Charge for the year
At 28 February 2022
Net book value
At 28 February 2022
At 28 February 2021
Debtors
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2022
£
10,019
3,226
77,353
90,598		 Fixtures and
fittings
£
13,439
15,766
29,205
1,798
4,731
6,529
22,676
11,641
2021
£
-
1,235
235
1,470

10. Debtors

Page 21

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

11. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2022
£
3,326
4,961
69
4,886
13,242		 2021
£
4,432
5,501
-
10,783
20,716

12. Financial instruments

2022 2021
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 179,534 321,941

Page 22

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

13. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds
Restricted funds
Restricted Funds - Other
Aspire
DART
Sussex Police and Crime
Commissioner
Ministry of Justice Covid Fund
London Learning Consortium
Supp: PWC SPF
Sussex Community Foundation
(Tampon Tax)
Supp: Empowerment Fund
Sussex Community Foundation
(Winter Covid Fund)
Sussex Health and Social Care
Partnership
National Lottery Community
Fund
NLCF Covid Emergency Fund
SCF Crisis fund
Greggs Foundation
Hyde Group
SCF Wills fund
Sussex Masonic Charitable
Foundation
Localgiving Magic Little Grants
Roddick
Artworks
Total of funds		 Balance at 1
March 2021
£
191,839
26,847
14,534
27,530
6
8,026
1,819
-
6,330
-
2,382
3,824
24,091
5
-
1,269
5,000
-
694
140
-
-
122,497
314,336		 Income
£
90,891
8,036
36,411
-
51,310
45,516
889
59,556
-
-
-
26,890
125,150
-
9,962
-
15,000
4,437
3,095
-
20,000
2,161
408,413
499,304		 Expenditure
£
(114,685)
(1,524)
(50,137)
(11,569)
(47,877)
(43,058)
(2,708)
(59,556)
(6,330)
-
(2,382)
(22,899)
(138,643)
-
(3,964)
-
(10,330)
(746)
(2,027)
-
(13,883)
(1,756)
(419,389)
(534,074)		 Transfers
in/out
£
6,377
(33,359)
-
25,000
-
-
-
-
-
1,982
-
-
-
-
-
-
-
-
-
-
-
-
(6,377)
-		 Balance at
28 February
2022
£
174,422
-
808
40,961
3,439
10,484
-
-
-
1,982
-
7,815
10,598
5
5,998
1,269
9,670
3,691
1,762
140
6,117
405
105,144
279,566

Page 23

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

13. Statement of funds (continued)

Restricted funds

Restricted funds - Other is made up of a variety of individual funds that are being tracked by the Charity.

14. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
March 2021
£
191,839
122,497
314,336		 Income
£
90,891
408,413
499,304		 Expenditure
£
(114,685)
(419,389)
(534,074)		 Transfers
in/out
£
6,377
(6,377)
-		 Balance at
28 February
2022
£
174,422
105,144
279,566

15. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Difference
Total		 Restricted
funds
2022
Unrestricted
funds
2022
£
£
-
22,676
111,521
158,611
-
(13,242)
(6,377)
6,377
105,144
174,422		 Total
funds
2022
£
22,676
270,132
(13,242)
-
279,566

Page 24

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

16. Operating lease commitments

At 28 February 2022 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2022
£
16,140
20,175
36,315		 2021
£
16,140
36,315
52,455

Page 25