## **The Saffires Project CIO**
## **TRUSTEES REPORT FOR THE PERIOD ENDED 31 MARCH 2022**
## **1. Structure, Governance and Management**
The company is registered as a charitable company limited by guarantee and was set up by the Memorandum of Association on 4[th] February 2021.
The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of Articles of Association. New trustees are advised of their obligations under charity and company law, the content of the Memorandum and Articles of Association as well as the structure and decision making process of the charity. Trustees who are also members generally meet quarterly but will also meet more frequently if the need arises. Meetings are minuted.
The trustees determine the day to day operations of the charity or appoint appropriate officers to whom this responsibility is delegated.
## **2. Reference and Administration**
Trustees
Mrs Rebecca Panting (Chair)
Mrs Susan Bamber
Mrs Susan Hind
Mr Nicholas Conway
Charity Registered Number 1193407
## **3. Objectives and Activities**
The purposes of the CIO are, for the benefit of the public:
To advance the Christian faith in accordance with the Statement of Faith;
To relieve the charitable physical, emotional and spiritual needs of people who are involved in the sex industry in particular, but not exclusively, by:
- (a) providing outreach and support services directed to such needs; and
- (b) raising awareness and educating the general public about the condition and needs of sex industry workers;
To relieve and prevent poverty among people who are involved in the sex industry in particular, but not exclusively, by operating a hardship fund to provide financial assistance to such persons who are in or at risk or poverty
In each case in the city of Leicester and in such other parts of the United Kingdom or the world as the charity trustees may from time to time think fit.
We, as trustees, recognise that it is our legal obligation to ensure that the trust's activities are in line with our objectives and activities and we are satisfied that this is the case for the period in question. The trustees also confirm that they have had regard to the Charity Commission's guidance on public benefit.
## **4. Achievements and Performance**
## **Key Events**
The following activities have been conducted by the charity in the reporting period.
Following the removal of many of the Covid 19 restrictions it has been possible for the charity to resume activities. This has included regular visiting of venues associated with sex work in Leicester and meeting with sex workers on the streets of Leicester. Much of this work has been carried out in conjunction with other agencies including the Police. Events such as Easter, Christmas and International Women’s day have acted as a springboard for activities such as providing gifts and inviting the women to events.
A full review has been carried out of previously used policies and a proper process of financial control has been introduced.
## **5. Financial Review**
The Trust had an income this financial year of £24,754 (£23,604 unrestricted, £1,150 restricted) and total expenditure of £45,840 (£29,583 unrestricted, £16,257 restricted) leading to a net loss of £21,086.
An amount of £41,050 (£17,868 unrestricted, £23,182 restricted) was bought forward from the previous year which had previously been held by The Rock Foundation.
The funds at the end of the year amounted to £19,964 (£11,889 unrestricted £8,075 restricted).
The Trust has undertaken a concerted effort to raise funds which has been very successful and will be reflected in next year’s accounts. This has resulted in it being in a strong position to pursue its charitable aims in the future.
Finances are reviewed each month by the trustees and quarterly at the trustee’s meetings.
## **6. Reserves Policy**
The following is the reserves policy of the charity. The reserves are reported to the trustees each month and at the quarterly trustees meeting. The reserves are assessed against previous income and expenditure and categorised as either green (the reserves will last for month than 12 months of normal operations), amber (the reserves will last for less than 12 months but more than 5 months of normal operations) or red if the reserves will last for 5 months or less of normal operations. Appropriate actions are assigned to each categorisation.
## **The Saffires Project CIO**
## **Receipts and pay For the period** April 1 2021 **from**
## **Section A Receipts and payments**
**Unrestricted Restricted funds funds to the nearest to the nearest £ £**
## **A1 Receipts**
|Donations and legacies||**-**||
|---|---|---|---|
|Regular Giving Churches|**6,660**|**-**||
|Irregular giving Churches|**1,847**|**-**||
|Regular Giving Individuals|**5,248**|**-**||
|Gift Aid|**1,362**|**-**||
|Bank Interest|**2**|**-**||
|Trust or Grant Funding|**6,601**|**1,000**||
|Irregular Giving|**1,884**|**150**||
|**_Sub total_**_(Gross income for AR)_|**23,604**|**1,150**||
|**_Sub total_**
**A2 Asset and investment sales,**
**(see table).**
**Computer and audio visual**
**equipment**|**-**
**-**
**-**|
|**-**
**-**
**-**|
|**_Total receipts_**|**23,604**|**1,150**||
|**A3 Payments**||||
|Charitable activities|**-**|||
|Street Outreach|-|||
|Wages and Salaries|1,724|4,650||
|Other costs||154||
|Venue Outreach|||-|
|Wages and Salaries|6,286|||
|Other costs|206|||
|General Costs|-|||
|Wages and Salaries|17,787|3,378||
|Safeguarding|360|||
|Ofce Costs|-|7,864||
|Training|120||-|
|Gifts & Donations
110
211
Expenses
157
-
IT
1,003
-
Insurance
441
-
Telecomms
766
-
Administration
386
-
Befriending
237
-
**_Sub total_ 29,583**
**16,257**|Gifts & Donations
110
211
Expenses
157
-
IT
1,003
-
Insurance
441
-
Telecomms
766
-
Administration
386
-
Befriending
237
-
**_Sub total_ 29,583**
**16,257**|Gifts & Donations
110
211
Expenses
157
-
IT
1,003
-
Insurance
441
-
Telecomms
766
-
Administration
386
-
Befriending
237
-
**_Sub total_ 29,583**
**16,257**|
|---|---|---|
|**_Sub total_**|**29,583**|**16,257**|
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A4 Asset and investment
purchases, (see table)
None - -
- -
Sub total - -
Total payments 29,583 16,257
Net of receipts/(payments) - 5,979 - 15,107
A5 Transfers between funds - -
A6 Cash funds last year end 17,868 23,182
Cash funds this year end 11,889 8,075
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## **Section B Statement of assets and liabilities at the**
**Categories**
**Details**
**B1 Cash funds**
CAF Bank
## _**Total cash funds**_
(agree balances with receipts and payments account(s))
## **Details**
**B2 Other monetary assets**
None
## **Details**
## **B3 Investment assets**
None
## **Details**
**B4 Assets retained for the charity’s own use**
None
## **Details**
## **B5 Liabilities**
Signed by one or two trustees on behalf of all the trustees
None
Signature
**1193407**
**yments accounts CC16a** March 31 2022
To
**Endowment Total funds Last year funds to the nearest to the nearest to the nearest £ £ £**
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- - -
- 6,660 -
- 1,847 -
- 5,248 -
- 1,362 -
- 2 -
- 7,601 -
- 2,034 -
- 24,754 -
- - -
- - -
- - -
- 24,754 -
- - -
- - -
6,374
154
- -
6,286
206
- -
- 21,165 -
- 360 -
7,864 -
120 -
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**----- Start of picture text -----**
321 -
- 157 -
- 1,003 -
- 441 -
766
386
237
- 45,840 -
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- -
- -
- - -
- 45,840 -
- - 21,086 -
- - -
- 41,050 -
- 19,964 -
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end of the period
Unrestricted Restricted funds Endowment
funds funds
to nearest £ to nearest £ to nearest £
11,889 8,075 -
-
- - -
11,889 8,075 -
OK OK OK
Unrestricted Restricted funds Endowment
funds funds
to nearest £ to nearest £ to nearest £
- - -
- - -
- - -
- - -
- - -
- - -
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## **Fund to which asset belongs**
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Current value
Cost (optional)
(optional)
- -
- -
- -
- -
- -
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Fund to which asset Current value
Cost (optional)
belongs (optional)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Fund to which Amount due When due
liability relates (optional) (optional)
-
-
-
-
-
Print Name Date of approval
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