The Safres Project CIO
## TRUSTEES REPORT FOR THE PERIOD ENDED 31 MARCH 2023
## 1. Structure, Governance and Management
The charity is registered as a charitable incorporated organisation and was set up by Constitution 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 the Constitution. New trustees are advised of their obligations under charity and company law, the content of the Constitution 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 Administraton
## Trustees
Mrs Rebecca Panting (Chair)
Mrs Susan Bamber
Mrs Claire Elizabeth Greaves (appointed 23[rd] September 2022)
Mr Andrew Charles Elton (appointed 11[th] March 2023)
Mrs Susan Hind (resigned 1[st] September 2022)
Mr Nicholas Conway (resigned 31[st] March 2023)
Charity Registered Number 1193407
## 3. Objectves and Actvites
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.
The activities of the charity during the year 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.
The work has been supported financially by many organisations including the Leicestershire Police and Crime Commissioner, The Church Welfare Association, Souter, The Edith Murphy Trust together with donations from local churches and individuals.
During the year 3 of the employees have been on maternity leave which has reduced the amount of venue visits. The work is supported by many volunteers either directly by being part of the venue visiting or street outreach teams or indirectly by being part of the security or cake baking teams (cakes are regularly taken to the venues) or by prayer.
The charity employed 3 staff as at 31[st] March and had 2 vacancies. All positions are part time.
## 5. Financial Review
The Trust had an income this financial year of £39,693 (£23,696 unrestricted, £15,997 restricted) and total expenditure of £33,765 (£16,477 unrestricted, £17,288 restricted) leading to a slight excess of income over expenditure of £5,928.
An amount of £19,965 (£11,890 unrestricted, £8,075 restricted) was brought forward from the previous year.
The funds at the end of the year amounted to £25,893 (£19,162 unrestricted £6,731 restricted).
The Trust has undertaken a concerted effort to raise funds which has been very successful. This has resulted in it being able to continue to pursue its charitable aims in the future.
Finances are reviewed each month by the trustees and quarterly at the trustees’ 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.
Rebecca Panting Chair of Trustees 19[th] June 2023
Safres Project Balance Sheet As At 31st March 2023
|Current Assets
CAF Cash Account
CAF Gold Account
Total Reserve B/Fwd
Total Reseve C/fwd
Made up of Funds
The Howard Foundaton
Souter
Church Welfare Associaton
The Shannon Trust
Leicester Police and Crime Commissioner
General Fund
Total Funds
Excess Income /- Expenditure|2022/3
2021/2|
|---|---|
||14634.91
8784.33
11257.19
11180.46|
||25892.10
19964.79|
||19964.79
41050.79
5927.31
-21086.00|
||25892.10
19964.79|
||5014.00
7136.00
819.02
939.00
898.23
19160.85
11889.79|
||25892.10
19964.79|
The Safres P **Income and Expen**
## **INCOME AND ENDOWMENTS FROM:**
Regular giving by churches Regular giving by individuals Irregular giving HMRC - Gift Aid HMRC - Maternity Pay Compensation Trust, grant or foundation funding Bank Interest Total Income
## EXPENDITURE ON:
## Charitable activities
Employment Costs Street and venue costs Safeguarding Expenses Administration Rent and office refurbishment Training Gifts Befriending Services
## TOTAL EXPENDITURE
Excess of income / expenditure
## Notes
2022/2023
2021/2022
**STAFF COSTS** Wages and salaries
£ 25,947.00
£ 31,588.00
|National insurance|£ 845.45|£ 467.07|
|---|---|---|
|Less: Employment Allowance|£ 845.45|£ 467.07|
|Pension Contributions|£ 2,457.00|£ 2,236.00|
|Total|£ 28,404.00|£ 33,824.00|
|Average number of employees|5|5|
|The following trustees received|remuneration during the year.||
|Rebecca Louise Panting|||
Rebecca Louise Panting received her salary as Project leader, not for her role as a trust 1 trustee was accruing retirement benefits during the period. No employee received rem during the period. The contributions are to a defined contribution pension scheme. The
## **Analysis of Restricted Fiunds**
|The Howard Foundaton
Souter
Church Welfare Associaton
The Shannon Trust
Leicester Police and Crime Commissioner|B/Fwd.
7136
0
0
3000
0
3000
939
0
0
9997
2022/2023
Income|
|---|---|
||8075
15997|
## roject CIO
## **nditure Account**
|Unrestricted Fund|Restricted Fund|Total Funds|
|---|---|---|
|||12 months to|
|12 months to 31st|12 months to|31st March|
|March 2023|31st March 2023|2023|
|6870||6870|
|4780||4780|
|2729||2729|
|1593||1593|
|4426||4426|
|3200|15997|19197|
|98||98|
|23696|15997|39693|
|13305|15099|28404|
|---|---|---|
|132|120|252|
|157||157|
|242||242|
|2202||2202|
|0|2069|2069|
|154||154|
|257||257|
|28||28|
|||0|
16477 17288 33765
0
5928
tee. muneration in excess of £60,000 e contributions in the year were £2,457
||||C/Fwd as at|
|---|---|---|---|
|2022/2023|||31st March|
|Expenditure|Depreciaton||2023|
|2122|||5014|
|3000||||
|3000||||
|120||0|819|
|9099|||898|
|17341|||6731|
## Total Funds
## 12 months to 31st March 2022
6660 5248 3881 1362 0 7601 2 24754
33825 360 360 157 2596 7864 120 321 237
45840
-21086
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name **members of** Saffires Project, Leicester **On accounts for the year** 31[st] March 2023 **Charity no ended (if any) Set out on pages** (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **31/03/2023 Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’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** I have completed my examination. I confirm that no material matters have come to my attention in connection with the 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.
_._
**Date:** 30th June 2023 **Signed: Name:** Colin Wood **Relevant professional** Member of the Association of Accounting Technicians **qualification(s) or body (if any): Address:** 16 Wordsworth Rd Loughborough Leicestershire LE11 4LQ
1
**Oct 2018**
**IER**
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
2
**Oct 2018**
**IER**