2022-03-31-accounts

PROJECT 67

(CHARITABLE INCORPORATED ORGANISATION)

ANNUAL REPORT AND FINANCIAL STATEMENTS PERIOD ENDED 30 APRIL 2022

CHARITY REGISTRATION No: 1192263

PROJECT 67 (CHARITABLE INCORPORATED ORGANISATION)

CONTENTS

Page 3 Legal & Administrative Information Page 4 to 8 Trustees' Annual Report Page 9 Independent Examiner's Report on the Accounts Page 10 Statement of Financial Activities Page 11 Balance Sheet Pages 12 to 18 Notes to the Financial Statements

2

PROJECT 67 (CHARITABLE INCORPORATED ORGANISATION)

LEGAL & ADMINISTRATIVE INFORMATION

CHARITY NUMBER

1192263

DATE OF REGISTRATION

10[th] November 2020

START OF FINANCIAL YEAR

1[st] November 2020

END OF FINANCIAL YEAR

30[th] April 2022

TRUSTEES AT 30[th] APRIL 2022

Elaine Curtis Danielle Campsall James Hunter

LEGAL STATUS Charitable Incorporated Organisation

GOVERNING INSTRUMENT

CIO Foundation Registered 10[th] November 2020

CORRESPONDENCE ADDRESS

19 Liverpool Street Salford M5 4LY

PRIMARY BANKERS

NatWest Bank Plc 182 Deansgate Manchester M3 3LY

INDEPENDENT EXAMINER

Daniel McGuren ACMA CGMA FMAAT 3 Chancet Wood Rise Sheffield S8 7TT

3

PROJECT 67 (CHARITABLE INCORPORATED ORGANISATION)

TRUSTEES ANNUAL REPORTS FOR THE PERIOD ENDED 30[th] APRIL 2022

The Trustees present their report together with the financial statements of the charity for the period ended 30th April 2022. The financial statements have been prepared in accordance with the accounting policies set out on page 12-13 and comply with the Charity’s Trust Deed and applicable law.

These financial statements comply with the Charities Act 2011, the Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) (Charities SORP (FRS102) and the Charities Act 2011).

OBJECTIVES AND ACTIVITIES

The promotion and protection of good health and the relief and rehabilitation of men and women whose lives have been affected by drug and alcohol addiction by providing:

• A sober living environment that is safe and structured

• The opportunity to participate in a 12-month programme enabling individuals to build independence, maintain an addiction free lifestyle and take back control of their lives

• A range of activities, personal development workshops and training sessions, contributing to improving their emotional, physical, psychological, and spiritual wellbeing

• Continuous support through appropriate and safe therapeutic interventions enabling individuals to reconnect and restore relationships with their families

• Training, workshops and volunteering opportunities to encourage and support individuals back into education or employment and successful reintegration back into society

• Support for individuals to secure permanent housing

ORGANISATIONAL STRUCTURE & DECISION MAKING

There is a Board of Trustees who meet regularly to make strategic decisions. The Trustees have delegated the responsibility of overseeing the day-to-day operations of the charity to the charity’s management team. As the charity grows, capacity is being enlarged with experts in finance and administration.

PUBLIC BENEFIT

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or 'aims' that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees' report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

4

PROJECT 67 (CHARITABLE INCORPORATED ORGANISATION)

TRUSTEES ANNUAL REPORTS FOR THE PERIOD ENDED 30TH APRIL 2022

REVIEW OF ACTIVITIES DURING THE PERIOD 2020-22

The men and women of our Sober Living facility experience a daily routine including regular teachings, learning programs, training days and fitness activities. Residents of both the men and women homes also attended the Fixed conference in Bolton where they participated in seminars to help with their addiction recovery.

We have weekly sessions with a specialist learning life skill.

We have weekly sessions of teachings where the residents are encouraged to study the bible and give testimonies of their progress in the program. This is where they develop public speaking and confidence.

The women residents’ participate in the Code Red Project, where we visit those in hostels suffering from domestic violence giving encouragement and gifts. This was an opportunity to learn about helping others, and we were still able to achieve this within Government restrictions.

Residents participated in our online VETI training helping them to earn recognized credits towards entry to bible college.

During Covid it was difficult to help residents to participate in external events, but as restrictions eased residents’ got involved in other church events in person and on zoom helping them to develop a support network and meet new people in a safe environment.

KEY ACHIEVMENTS IN 2020-22

Despite Covid we still saw men and women enter, complete and graduate the recovery program.

We saw 3 men complete and graduate the men’s home. Each now in full time employment

The women’s home opened in Dec 2021 and now has space for 3 women

We saw 2 women complete and graduate from the women’s home. One has gone to set up her own design business, and another is attending theology college

We applied for several grants and was successful which helped towards the salary of our Support Workers and providing training for each resident.

5

PROJECT 67

(CHARITABLE INCORPORATED ORGANISATION)

TRUSTEES ANNUAL REPORTS FOR THE PERIOD ENDED 30TH APRIL 2022

FINANCIAL REVIEW

The trustees have prepared the accounting policies for Project 67 in accordance with the requirements of the SORP and of best accounting practice.

Summary of the period

During the period income of £103,132 was received.

Expenditure was £102,960 These costs were contained by strong financial management and good cost control.

Income and Expenditure

Total donation amounted to £35,940.

Project 67 relies on rental income from residents as its principal source of funding. Income from Charitable Activities amounted to £64,290

Other income received amounted to £2,902 which came from Insurance claims, use of the van and contributions to other costs.

The costs of fund generating activities were £931

The cost of charitable activities were £98,909

Governance

The Governance cost of £3,120 include the costs associated with the independent examination of the accounts and other professional services during the period for general, financial and legal advice.

Surplus

Total of the incoming resources exceeded resources expended in the period by £172 and this is held as unrestricted funds.

6

PROJECT 67 (CHARITABLE INCORPORATED ORGANISATION)

TRUSTEES ANNUAL REPORTS FOR THE PERIOD ENDED 30TH APRIL 2022

RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain appropriate to the charity's needs. This is based on the Charity's size and the level of financial commitments held. The Trustees aim to ensure the Charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.

RISK ASSESSMENT

The Trustees actively review the major risks which the Charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the review of controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

PLANS FOR THE YEAR AHEAD 2022-23

Being mindful of the covid situation and a slight decline in entrants to Project67 homes’, we will be looking at different ways to increase awareness by advertising our Sober Living facility.

Project67 plans to have a partnership system completed by the end of 2022 ready to approach the general public, businesses and members of the church. We will be organising various fund raising events.

We plan to attend the Fixed conference in September 2023 and introduce short training days on subjects that will benefit the growth of the residents.

7

PROJECT 67 (CHARITABLE INCORPORATED ORGANISATION)

TRUSTEES ANNUAL REPORTS FOR THE PERIOD ENDED 30TH APRIL 2022

TRUSTEES' RESPONSIBILITIES

The Charities Act 2011 require the trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the CIO for that period. In preparing those financial statements the trustees are required to:

• select suitable accounting policies and apply them consistently,

• make judgements and estimates that are reasonable and prudent,

• prepare financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in existence.

The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time, the financial position of the CIO. They are also responsible for safeguarding the assets of the CIO and for taking reasonable steps in the prevention and detection of fraud and other irregularities.

RELATED PARTIES

A summary of transactions with related parties is set out in note 16 of the financial statements.

The Trustees declare that they have approved the Trustees’ report above

Signed on behalf of the Charity’s Trustees

Signed by

Name :.Elaine Curtis

Date : 9[th] September 2022

8

PROJECT 67 (CHARITABLE INCORPORATED ORGANISATION)

INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS

Report to the Trustees of Project 67 on the accounts for the period ended 30[th] April 2022 set out on pages 10 to 18.

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 s.145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under s.145 (5)(b) of the Act

Independent examiner's statement

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

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 to enable a proper understanding of the accounts to be reached.

Signed:

Name : Daniel McGuren

ACMA CGMA FMAAT

Address: 3 Chancet Wood Rise, Sheffield S8 7TT

Dated: ………13 September 2022

9

PROJECT 67

(CHARITABLE INCORPORATED ORGANISATION)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 30TH APRIL 2022

Notes INCOMING RESOURCES Incoming resources from generating funds: Donations and legacies 2a Other income from Charitable activities 2b Other incoming resources 2c TOTAL INCOMING RESOURCES RESOURCES EXPENDED Charitable activities 3 Governance costs 5 TOTAL RESOURCES EXPENDED NET(OUTGOING)/INCOMING RESOURCES BEFORE TRANSFERS TRANSFERS Transfer between Funds NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD	Unrestricted Funds £ 32,940 64,290 2,902 100,132 96,840 3,120 99,960 172 0 172 0 172	Restricted Funds £ 3,000 0 0 3,000 3,000 0 3,000 0 0	Total 2022 £ 35,940 64,290 **2,902 **
			103,132
			99,840 3,120
			102,960
			172 0
		0 0 0	172 0
			172

The charity has no recognised gains or losses other than the results for the period as set out above.

10

PROJECT 67 (CHARITABLE INCORPORATED ORGANISATION)

STATEMENT OF FINANCIAL POSITION FOR THE PERIOD ENDED 30TH APRIL 2022

Note FIXED ASSETS Tangible fixed assets 7 CURRENT ASSETS Debtors 8 Cash and cash equivalents 9 CREDITORS: Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Restricted Income Funds 11a Unrestricted Income Funds 11	2022 £ 3,098
	3,098
	5,504 711
	6,215
	9,141
	(2,926)
	172
	172
	0 172
	172

These financial statements were approved by the Trustees on 9[th] September 2022 and signed on their behalf by:

Signed:

Name: Elaine Curtis

Date: 9[th] September 2022

11

PROJECT 67 (CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30TH APRIL 2022

1. ACCOUNTING POLICIES

Basis of Preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

• the Charity becomes entitled to the resources;

• the trustees are virtually certain they will receive the resources; and

• the monetary value can be measured with sufficient reliability

Incoming Resources with Related Expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.

Grants and Donations

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax Reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services has been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the Charity are included in the SOFA as incoming resources when receivable.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the Charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer Help

The value of any voluntary help received is not included in the accounts.

Investment Income

This is included in the accounts when received.

12

PROJECT 67 (CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE PERIOD ENDED 30TH APRIL 2022

1. ACCOUNTING POLICIES (continued)

Investment Gains and Losses

This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees’ meetings and cost of any legal advice to trustees on governance or constitutional matters.

Grants with Performance Conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided evidence that those conditions have been met.

Grants Payable without Performance Conditions

These grants are recognised in the accounts when a commitment has been made and there are no conditions to be met which remain in control of the charity.

Investments

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.

Pensions

Pension contributions are charged to the SOFA as they become payable.

Unrestricted funds

These funds can be used for the general objectives of the charity as set out in the trustees’ report. The movements of the unrestricted funds are given in the SOFA.

Restricted funds

These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of regular appeals for special offerings and specific donations.

Designated funds

These funds are funds set aside by the trustees out of unrestricted general funds ring fenced for particular purposes or projects.

Fixed Assets

Fixed Assets are capitalised if they can be used for more than one year and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.

13

PROJECT 67

(CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE PERIOD ENDED 30TH APRIL 2022

Amortisation on Land & Buildings

No amortisation is charged to freehold property as the property is maintained to such a standard that the estimated residual value is not less than cost.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a reducing balance basis over their estimated useful lives. The rates applied per annum are as follows: General Equipment 25% Fixtures & Fittings 10% Motor Vehicles 25%

14

(CHARITABLE INCORPORATED ORGANISATION)

PROJECT 67

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD ENDED 30TH APRIL 2022

2. INCOMING RESOURCES

2a Donations and Legacies Gifts Grants received 2b Incoming resources from Charitable Activities Rent Received 2c Other incoming resources Sundry Income Insurance Claim TOTAL INCOMING RESOURCES	Unrestricted Funds Total £ 24,040 8,900 32,940 64,290 64,290 405 2,497 2,902 100,132	Restricted Funds Total £ 0 3,000 3,000 0 0 0 0 0 3,000	T O T A L 2022 £ 24,040 11,900
			35,940
			64,290
			64,290
			405 2,497
			2,902
			103,132

3.COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE

Costs of Direct Charitable Activities Support Costs	Unrestricted Funds Total £ 96,840 3,120 99,960	Restricted Funds Total £ 3,000 0 3,000	T O T A L 2022 £ 99,840 3,120
			102,960

4.COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE

Costs of Fund Generating Activities Costs of Charitable Activities Governance costs Tithe to Related Charity	Activities undertaken Total £ 931 98,909 0 0 99,840	Support costs Total £ 0 0 3,120 0 3,120	T O T A L 2022 £ 931 98,909 3,120 0
			102,960

15

PROJECT 67

(CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD ENDED 30TH APRIL 2022

5. GOVERNANCE COSTS

Independent examiner's fee Other Governance costs	Unrestricted Funds Total £ 800 2,320 3,120	Restricted Funds T O T A L Total 2022 £ £ 0 800 0 2,320 0 3,120

6. INFORMATION REGARDING TRUSTEES AND EMPLOYEES

Employee costs during the year: Wages and salaries Social security costs Pension costs Average number of staff employed: Raising funds and Charitable Activities Others - Support	TOTAL 2022 £ 21,557 378 225
	22,160
	No. 2 2
	4

No employee received remuneration including benefits of more than £60,000 during the period.

7. FIXED ASSETS

7. FIXED ASSETS
Cost Additions at 30 April 2022 Depreciation Charge for year at 30 April 2022 Net Book Value at 30 April 2022	£ General Equipment 1,099 1,099 229 229 870	£ Motor Vehicles 4,650 4,650 2,422 2,422 2,228	TOTAL £ 5,749
			5,749
			2,651
			2,651
			3,098

16

PROJECT 67

(CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD ENDED 30TH APRIL 2022

8. DEBTORS AND PREPAYMENTS

8. DEBTORS AND PREPAYMENTS
Trade receivables Prepayments and accrued income	Unrestricted Funds £ 633 4,871 5,504	Restricted Funds 2022 £ £ 0 633 0 4,871 0 5,504
9. CASH AND CASH EQUIVALENTS
Current Accounts Cash	Unrestricted Funds £ 687 24 711	Restricted Funds 2022 £ £ 0 687 0 24 0 711

10. CREDITORS : AMOUNTS FALLING DUE WITHIN ONE YEAR

Credit cards & Overdrafts Trade payables Other creditors Accruals	Unrestricted Funds £ 35 4,231 923 3,952 9,141	Restricted Funds 2022 £ £ 0 35 0 4,231 0 923 0 3,952 0 9,141

17

(CHARITABLE INCORPORATED ORGANISATION)

PROJECT 67

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE PERIOD ENDED 30TH APRIL 2022

11. RECONCILIATION OF MOVEMENTS IN FUNDS

11a. Restricted Funds Unrestricted Funds General Fund 11a. Restricted Funds Mental Health/Addiction Mentoring	Balance at 01-Nov-20 £ 0 0 0 0 0 0	Incoming Outgoing £ £ 3,000 (3,000) 3,000 (3,000) 100,132 (99,960) 103,132 (102,960) 3,000 (3,000) 3,000 (3,000) Movement in Resources	Balance at 30-Apr-22 £ 0
			0 172
			**172 **
			0
			0

12. ANALYSIS OF NET ASSETS BY FUND

Restricted Funds Unrestricted Funds	Tangible Fixed Assets £ 0 0 3,098 3,098	Net Current Assets / (Liabilities) TOTAL £ £ 0 0 0 0 (2,926) 172 (2,926) 172

13. PAYMENTS TO TRUSTEES AND RELATED PARTY TRANSACTIONS

During the period the related party transactions were as stated below:

No payments were made to trustees, or any persons connected with them during this financial period. No other material transaction took place between the charity and a trustee, or any person connected with them

In November 2020 this Charitable Incorporated Organisation (CIO) was registered which took on the responsibilities of the homes (Sober Living facilities) from Victory Outreach Manchester (Reg Charity No 1167670) with all assets and liabilities relating to the homes transferred to the charity.

Victory Outreach Manchester gave a donation of £14,927 towards the running costs of the charity during this period.

18