**Charity Number 1197388**
# **GREENWICH HOMELESS PROJECT Charitable Incorporated Organisation**
## **Financial Statements**
**& Trustees Annual Report**
**1[st] July 2023 to 30[th] June 2024**
1
## **GREENWICH HOMELESS PROJECT CIO**
## **Report & Financial Statements for the Year Ended 30[th] June 2024**
|Contents|Page|
|---|---|
|Legal & Administrative Information|1|
|Trustees Report|2 - 5|
|Independent Examiner’s Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Accounts|9 - 13|
2
## **GREENWICH HOMELESS PROJECT CIO**
## **Legal & Administrative Information**
Charity Name Greenwich Homeless Project CIO Charity Registration Number 1168966 Governing Document CIO Registration 6[th] January 2022 The Operating Name for the charity GHP Registered Office & Correspondence 360 Middle Park Avenue Address Mottingham London SE9 5QH Trustees: Steven Parker (Chair) Richard Basham (Treasurer) Beverley Campbell Hugh Ridsdill-Smith Caroline Risdon Cllr Lakshan Saldin
Greenwich Homeless Project CIO _formerly Greenwich Winter Night Shelter CIO_
Independent Examiner
Peter Saltiel Church & Charity Accounts Service Ltd 7 Planchadeau 23460 St Pierre Bellevue France
Bankers
CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
1
## **GREENWICH HOMELESS PROJECT CIO**
## **Annual Report for the year 1[st ] July 2023 to 30th June 2024**
The Trustees present its annual report and financial statements for the year ending 30th June 2024
## **Structure, Governance and Management**
Greenwich Winter Night Shelter was established by a partnership of churches in Greenwich in April 2014. GHP is governed by the regulations set out in our constitution and run by a voluntary Board of Trustees. The organisation was registered with the Charity Commission on 30th August 2016.
Trustees are encouraged to take an active role in enabling the organisation to fulfil its objectives. This allows trustees to get a clear understanding of what the charity does and the complexity involved in co-ordinating activities to respond to the needs of those who are street homeless or at risk of homelessness. In selecting individuals for appointment as trustees, regard is given to the skills, knowledge and experience needed for the effective administration of the charity.
The Board meets formally 6 times a year, and at the end of the winter night shelter season, conducts an annual service review each year.
## **Change of Name**
The charity continues to operate under the model of a 6 month Winter Night Shelter and yearround Day Centre. To better reflect the scale and nature of the service we provide, the trustees approved the charity’s name change from Greenwich Winter Night Shelter to Greenwich Homeless Project (3[rd] July 2024). This was an exciting development for the charity to have outgrown the name and to be rebranded in a way which better reflects what we do. As ever, we are continually developing our services to improve how we meet the needs of people experiencing homelessness in Greenwich and surrounding boroughs
## **Objectives and Activities**
As stated in our governing document, the objectives of the charity are:
- The Relief of poverty and distress among people who have become homeless through the provision of a night shelter refuge by Christian Principles.
- The Relief of need through the provision of information, advice and advocacy support in our day centre services
## Main activities:
- Winter night shelter: provision of overnight accommodation and 1:1 casework for the guests in individual rooms during the winter months (October-April)
- Day centre: provision of year-round advice, support and activities for anyone who is homeless or at risk of homelessness in the Borough of Greenwich.
## **Public Benefit**
In reviewing the scope of the activities delivered by the charity, the trustees have considered the Charity Commission’s guidance on public benefit and are satisfied that the purposes for which the charity has been established and the activities undertaken demonstrate how we meet the requirements of the test.
2
## **Policies and Procedures**
Trustees continue the work to review the charity’s policies and procedures, particularly those around safeguarding and financial controls. A key objective for the coming year is to complete our comprehensive review of our systems to ensure that we are operating in compliance of our policies and procedures.
## **Risk Assessment**
The Board of Trustees are aware of the potential risks to the organisation. A detailed risk register is in place and is reviewed as a standing item at each trustees meeting. The risk register considers the operational risk in running the day centre and winter night shelter, as well as the organisational risks both financial and non-financial facing the charity. The trustees are satisfied that appropriate measures are in place to address any identified risks.
During the Covid pandemic, GHP was unable to operate its regular services. However, we were able to use the time to make the transition from a rotating night shelter model to a fixed location. This has enabled the trustees to think more strategically about the long term future of GHP.
## **Achievements for the Year**
## **Winter Night Shelter**
We opened the doors of our night shelter on 28 October 2023 and ran for a total of 148 nights until 26 March 2024. During the Christmas period, we paused operations at GHP for 10 days and relocated our guests to a B&B to ensure they had shelter during the day.
Our 2023-2024 outcomes, note the figures in brackets reflect numbers from 2022-2023:
- ❖ **Number of nights open: 148 (151)**
- ❖ **Number of guests: 32 (32)**
- ❖ **Female: 8 (7)**
- ❖ **Male: 24 (25)**
- ❖ **Number of UK nationals: 10 (8)**
- ❖ **Number of EEA Nationals: 5 (2)**
- ❖ **Number of non-EEA Nationals: 17 (13)**
- ❖ **Positive move-on rate: 82% (82%)**
We continued to work with our partner referral agencies: 999 Club, Thames Reach, Royal Borough of Greenwich, Woolwich Service Users Project, and Bromley Homeless. We built new links with housing providers, Cook and Roots4Life. Our largest intake was once again through the Day Centre where people can self-refer via our Casework Team.
“ _I can now get on with my life; I like my new flat, I like the area and the people are really friendly. I’m very happy here, I’m hoping to stay here and get a job programming... The human moments are what I love most about the shelter, it’s priceless”_
## **Day Centre**
Over the past year, we have had a total footfall of 76 (92) people. This year, we introduced a number of new services and wellbeing support groups to respond to need and further support guests, these include:
- Hepatitis C screening
- Eye clinic
- Weekly GP sessions
- Pottery
- Wellbeing classes
- Liver screening
3
These are in addition to the services we were already providing, including weekly counselling services, employment advice, housing support, and DWP.
Through the Day Centre we were able to raise money for the charity by engaging guests in creating and selling artwork as a dual-purpose project to teach guests new skills and give them a sense of ownership and responsibility.
## **Volunteering**
Being a volunteer-led charity, as always those who give up their time to be a part of what we do are crucial to the running of our excellent service. For this reason, we continue to strive to make volunteering a positive experience where our 168 volunteers feel valued and want to continue. For this year:
- ❖ **100% of respondents said they would be willing to volunteer again**
- ❖ **98% said volunteering had a positive or very positive impact on their wellbeing**
- ❖ **100% said they 'enjoyed' or 'thoroughly enjoyed' volunteering**
- ❖ **100% said they feel safe or very safe volunteering**
Here is what some of our volunteers had to say:
_“A great experience which has pushed me out of my comfort zone allowing me to meet lots of new people and develop new skills”_
_“Lovely people and lovely place. Always a bit different, interesting, always friendly and welcoming to me and the guests. I am pleased to be a small part of something so good” “Such a warm welcoming and inclusive place to be. Thoroughly enjoyable to be involved”_
## **Staff Team**
During the year after the former Shelter Director, Katy Ridsdill-Smith moved on to a new role, Georgia Sims was promoted to Shelter Director in April 2023, with this role later more appropriately re-named CEO. Catherine Champney joined the team as Caseworker and Megan Husband continued in her role as Administrator during the period.
## **Plans for the Future**
Our plans for 2024-2025 are to:
1. Restructure the staff team and employ additional operational support
2. Develop a new strategy with external support from Homeless Link
3. Create and support guest-initiatives
4. Apply for a range of new and diverse funding sources
5. Run another successful night shelter season
## **Financial Review**
Income for 2023-24 was £186,551 22/23 (£201,373). Expenditure for 2023-24 £176,052 22/23 was £135,806. The 2023-24 balance sheet total was £76,066, for 22/23 was £65,567.
Funds are used to achieve the objectives summarised above, developing GHP to benefit the community it serves. These activities will continue in the newly formed incorporated charity.
Funds raised do not profit GHP Trustees who form the organisation’s management committee. No portion is paid or transferred directly or indirectly by way of dividend, bonus or profit to the charity’s Trustees.
a) Reserves Policy As a mission charity, we feel strongly that the priority for the funds received should be to use them to achieve our charitable purposes, this means that we keep our reserves low. During the year, the trustees reviewed the requirements for a suitable reserves position for the charity. It was agreed that to safeguard the charity, it would work towards achieving reserves equivalent to 3-6 months running costs of £48,000
4
## b) Fundraising Policy
The primary source of income for GHP comes from grants as a result of submitting bids to a range of funders. The transition from a rotating model, which saw the majority of funding raised through donations and local events, has changed due to needing to secure funds for the refurbishment of the building in Middle Park. The success of bids has seen the income of the charity increase significantly. We now have an active fundraising strategy in place to submit bids on a regular basis. A priority of the next year will be to increase the number of individual donors.
This Year End Report is to be signed on behalf of all trustees at the GHP Trustees' meeting dated 24[th] March 2025.
Steven Parker Chair of Trustees
5
Independent Examiner’s Report to the Trustees/Directors/Members of the Greenwich Homeless Project CIO ~ Registered Charity no.: 1197388
I report on the accounts of the Trust for the year ending 30[th] June 2024 which are set out on pages 7-13.
## **Responsibilities and basis of report**
As the charity's trustees, 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 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 which gives me cause to believe that in, any material respect:
- 1) the accounting records were not kept in accordance with section 130 of the Charities Act; or
- 2) the accounts did not accord with the accounting records; or
- 3) the accounts did 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.
Peter Saltiel Church & Charity Accounts Service Ltd 7 Planchadeau 23460 Saint-Pierre-Bellevue France
Dated 25[th] March 2025
6
## GREENWICH HOMELESS PROJECT CIO
## Statement of Financial Activities and Income & Expenditure Account for the year ending 30[th] June 2024
|Notes
**Income and endowments**
3
Donations and legacies
3.1
Income from charitable activities
3.2
Investment income
3.3
Other income
3.4
Total incoming resources
**Expenditure on**
Fundraising costs
4.1
Charitable activities
4.2
**Net Incoming / (outgoing) resources**
**for the Year**
Total funds balance brought forward
8
**Total funds balance carried forward**
8|Unrestricted Restricted
Total
Total
Funds
Funds
2024
2023
£
£
£
£
59,095
122,909
182,004
147,852
2,619
-
2,619
3,764
1,816
-
1,816
69
112
-
112
49,688
63,642
122,909
186,551
201,373
923
-
923
567
57,108
118,021
175,129
135,239
58,031
118,021
176,052
135,806
5,611
4,888
10,499
65,567
65,567
-
65,567
-
71,178
4,888
76,066
65,567|
|---|---|
The 2023 period is 6[th] January 2022 to 30[th] June 2023
All activities are regarded as continuing.
The above statement includes all recognised gains and losses during the year.
The Balance Sheet and Notes to the Accounts form part of these Financial Statements.
7
## GREENWICH HOMELESS PROJECT CIO
## Balance Sheet as at 30[th] June 2024
|Notes
**Current Assets**
Cash at bank and in hand
Debtors
6
**Liabilities**
Amounts falling due within one year
Creditors: amounts falling
7
Net Current Assets
Total Assets Less Current
Liabilities
**Funds**
Unrestricted Funds
General Fund
Restricted Funds
8|£
63,931
14,903
78,834
2,768|2024
2023
£
£
£
111,452
459
111,911
46,344
76,066
65,567
76,066
65,567
71,178
65,567
4,888
-
76,066
65,567|
|---|---|---|
These accounts were approved by the Trustees and signed on their behalf on 24[th] March 2025 by:
Steven Parker Chair of Trustees
8
## GREENWICH HOMELESS PROJECT CIO
Notes to the Accounts for the year ending 30[th] June 2024
## **1 Basis of preparation**
## 1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts, 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 (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).
## 1.2 Changes in the basis of accounting
The accounts present a true and fair view. The basis of accounting has been changed from receipts and payments to accruals basis.
## 1.3 Changes to previous accounts
There have been no changes to the previous accounts during the financial year.
- 1.4 Judgements and estimations
The trustees have not made any significant judgements in the process of applying the accounting policies.
## 1.5 Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has sufficient reserves and that the charity is a going concern. However, during this financial period, the Greenwich Winter Night Shelter has reconstituted its status as a corporate charity and transferred funds to the new charity for its ongoing charitable activities.
## **2 Accounting policies**
- 2.1 Fund accounting
- a. Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds.
- b. Restricted funds are to be used for the specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund.
- 2.2 Income
- a) Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when received.
9
## GREENWICH HOMELESS PROJECT CIO
Notes to the Accounts for the year ending 30[th] June 2024 (cont’d)
## **2 Accounting policies (cont’d)**
- 2.2 Income (cont’d)
- b) Where income has related expenditure, the income and related expenditure are reported gross in the SoFA.
- c) Income tax recoverable as Gift Aid is accounted for on a claimed basis.
- 2.3 Expenditure
- a) Charitable expenditure comprises costs incurred by the charity providing activities and services for its beneficiaries.
- b) Expenditure is recognised on an accrual basis and creditor amounts are measured at settlement amounts less any trade discounts.
- c) Provisions for liabilities are measured on recognition of its historical costs and then measured at the best estimate of the amount required to settle the obligation at the reporting date.
- d) Liabilities are recognised as soon as there is a legal or constructive obligation to pay out resources.
- e) Governance costs include the preparation and examination of statutory accounts plus the costs, if any, of legal advice to trustees on the governance or constitutional matters of the charity.
- f) Laptop computers are considered to have a useful life of four to five years and are straight line depreciated over four years. Mobile telephones are considered to have an economic life for your years and are straight line depreciated. Blow up mattresses are treated as consumables as approximately one third are replaced every year.
10
## GREENWICH HOMELESS PROJECT CIO
Notes to the Accounts for the year ending 30[th] June 2024 (cont’d)
## **3 Analysis of income**
|3.1
3.2
3.3
3.4
Total|Voluntary Income
Church donations
Individual donations
CAF donations
Organisation donations
Big Give donations
Sundry donations
Grants
Gift Aid
Income from charitable activities
Fundraising activities
Investment income
Interest
Other income
Universal Credit down payments
Transfer from unincorporated charity
Miscellaneous
income|Unrestricted
Restricted
Total
Fund
Fund
Funds
2024
2024
2024
£
£
£
1,728
-
1,728
422
-
422
5,325
-
5,325
18,972
-
18,972
27,909
-
27,909
1,242
-
1,242
-
122,909
122,909
3,497
-
3,497|Total
Funds
2023
£
630
3,633
2,055
-
28,954
15,421
96,999
160|
|---|---|---|---|
|||59,095
122,909
182,004|147,852|
|||2,619
-
2,619|3,764|
|||2,619
-
2,619|3,764|
|||1,816
-
1,816|69|
|||1,816
-
1,816|69|
|||-
-
-
-
-
-
112
-
112|4,444
45,160
84|
|||112
-
112|49,688|
|||63,642
122,909
186,551|201,304|
11
## GREENWICH HOMELESS PROJECT CIO
Notes to the Accounts for the year ending 30[th] June 2024 (cont’d)
## **4 Analysis of expenditure**
|Direct costs
Fundraising costs
Direct costs
Salaries
Pensions
Core
Staff costs
Volunteer costs
Guest costs
Sleepout
Outdoor gym
Food
Day centre
Garden project
Venue costs
Accomodation costs
Utilities & running costs
Petty cash
Support costs
Support costs
Office costs
Bookkeeper
Affiliations & subscriptions
Governance costs
Total expenditure|Unrestricted
Restricted
Total
Fund
Fund
Funds
2024
2024
2024
£
£
£
923
-
923|Total
Funds
2023
£
567|
|---|---|---|
||923
-
923|567|
||22,716
77,613
100,329
1,096
1,009
2,105
4,689
4,654
9,343
1,369
3,175
4,544
2,653
2,491
5,144
897
5,422
6,319
-
-
-
-
-
-
67
4,269
4,336
2,268
8,077
10,345
234
-
234
392
6,265
6,657
8,709
1,451
10,160
1,262
848
2,110
40
-
40
10,716
2,747
13,463|51,498
2,747
4,990
2,650
4,726
21,171
14,070
2,500
4,507
823
1,684
11,186
2,902
-
330
9,455|
||57,108
118,021
175,129|135,239|
||188
2,243
2,431
8,235
-
8,235
1,343
504
1,847
950
-
950|675
6,952
878
950|
||10,716
2,747
13,463|9,455|
||58,031
118,021
176,052|135,806|
12
## GREENWICH HOMELESS PROJECT CIO
Notes to the Accounts for the year ending 30[th] June 2024 (cont’d)
## **5 Staff costs**
|No employee received a remuneration of over £60,000.
Gross wages, salaries and benefits in kind
Employers' pension costs
Number of employees|2024
£
100,329
2,105|2023
£
51,498
2,747|
|---|---|---|
||102,434|54,245|
||2.3|2.8|
## **6 Debtors**
|Tax recoverable
Accruals & Prepayments|2024
2023
£
£
2,403
459
12,500
-
14,903
459|
|---|---|
## **7 Creditors:**
|Accrual income
HMRC
Accruals - PA £178+ bookkeeping £660 +IE £950|2024
2023
£
£
-
44,263
980
1,032
1,788
1,049
2,768
46,344|
|---|---|
## **8 Statement of Funds:**
|Bank and cash
Debtors
Creditors
Unrestricted funds
Restricted Funds|Unrestricted
Restricted
Total 2024
Total 2023
Funds
Funds
Funds
Funds
14,780
49,151
63,931
111,452
14,903
-
14,903
459
41,495
(44,263)
(2,768)
(46,344)|
|---|---|
||71,178
4,888
76,066
65,567|
||01-Jul-23
Income
Expenditure
30-Jun-24
£
£
£
£
43,297
63,642
(58,031)
48,908
22,270
122,909
(118,021)
27,158|
||65,567
186,551
(176,052)
76,066|
## **9 Remuneration to Trustees:**
The trustees received no remuneration during the year and none of their expenses were reimbursed.
13