Our Second Home Annual Review 2022 Our Second Home
Contents
| Welcome from our Chair | 4 |
|---|---|
| Introduction from our founder & director | 6 |
| How We Work | 8 |
| 2022 in Numbers | 9 |
| Why We Exist | 10 |
| Our Impact | 11 |
| Partners | 14 |
| Financial Report | Appendix |
2022
@oshyouth www.oursecondhome.org.uk
OSH IS...
Trustees: Alex Brookes, Marc Gardiner, Joseph Grabiner-Wolfson, Nic Schlagman & Waleed Zuoriki
Staff & Core Team: Emma Brand, Ella Cohen, Ali Ghaderi, Alon Harshak, Josie Richardson, Amos Schonfield, Alex Skolnick & Bethany Tilston
The many incredible leaders, leaders-in-training & participants who make up our movement.
The referrers & supporters who make it all possible.
2022
3
Welcome from our Chair
Everyone smiles all the time. Young people smile in that innocent way you see when the first half of the day has been fun and silly and they know the rest of the day is only going in the same direction. Leaders smile because they have been given responsibility and given training and it is all coming together and the camp they have planned is going great. Facilitators are smiling because there is that infectious energy you often find on successful residential camps. It is a place of laughter and dancing and games and youth.
Our Second Home does many things excellently. It has created a safe and welcoming environment for hundreds of displaced young people from across the world. It has trained dynamic and creative youth leaders who have quickly absorbed high level youth leadership training. These leaders now reliably deliver creative, fun and challenging activities to their peers. Our Second Home creates camps where young people can be young people. It also creates leaders who feel confident and empowered.
The Our Second Home community meets an important and unmet need for young refugees and people seeking asylum, and it is helping them to flourish. Young people we meet want to grow and develop, they want to support their peers and those who arrived after them, they want to help build a better future. OSH is part of the platform for them to do that.
We want to tell you all about our successes and showcase the stories of the people who inspire us at OSH. We want to support more people, in more places. We want to achieve this together. Much of the work supporting refugees and people seeking asylum is hard and sad, Our Second Home is an oasis from that for many weeks of the year. We’re excited to tell you our story.
Nic Schlagman
2022
4
2022
Introduction from our founder & director
Back in 2015, when so many asked ourselves “what are you going to do to help refugees?”, I reached for the formula that, from age 14, had offered me so much: summer camp.
At our first residential in 2018, our volunteers joined 25 young refugees and asylum seekers to cook together, play games and learn dances from each3 other's cultures. Those 25 participants were the real beginning of the story of Our Second Home. They are the ones who make it a youth movement.
Ever since that first trip, the graduates of our programmes have gone on to take part in leadership training, putting the skills they've learnt to use at the next residential. They’ve taken the reins, becoming the role models for those that come after them. It is a cycle of resilience and empowerment that can long continue.
We couldn’t do any of this without our supporters and referral partners, who have backed us at every step of the way. We wouldn’t have been where we are today without the support of Masorti Judaism, who incubated OSH from our founding in February 2018 until now. The guidance and encouragement of their staff and trustees got us through early jitters and the COVID period, and gave us the space to get us on our feet. Lastly, my greatest thanks goes to our leaders, volunteers, trustees, and staff. The creativity, joy and commitment that each and every one of them brings will continue to inspire me long into the future.
Amos Schonfield
2022
6
15 22 2022
How We Work
We are the UK's youth movement for refugees and migrants. We believe in the unbounded potential of these individuals, and are driven to empower them to flourish in the place they call home. Our movement is the start of this journey, creating transformative residential activities where we can build communities and spark ideas.
THE OSH MODEL: Participate – Train – Lead – Shape
It works like this: young refugees and asylum seekers come on an OSH residential trip. They cook together. Play games. Learn dances from each other's cultures. Many had their childhoods taken away from them and with OSH they just get to be kids.
The graduates of these trips take part in leadership training and go on to be the ones who take the reins. They help lead the movement.
This is just the beginning of a positive cycle that just needs one big push. OSH is building the next generation of leaders from refugee backgrounds. These young migrants will become role models and leaders in our movement and in local communities, supporting those coming after.
2022
8
2022 in Numbers
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5 residential trips, 13 events total 123 unique beneficiaries, total 268 beneficiaries
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Gender split – 89 boys, 34 girls (72:28)
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35 volunteers in 2022; 51% of our volunteers were from a refugee background
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21 countries represented: top 5 were Sudan (21 people), Syria (20), Iran (15), Afghanistan (14), Eritrea (13).
2022
9
Why We Exist
Displaced young people face considerable challenges in establishing and rebuilding their lives here in the UK. Accessing education has proven to be a challenge: where many did not have formal education prior to arriving in the UK, resettled refugee children are academically over 1.5 years behind their peers by age 16, while unaccompanied asylum-seeking pupils are over 3 years behind. They are 6 times less likely to go to university according to global averages. Later in life, displaced people are 22% less likely to be in a job, and those who are working tend to earn less and work fewer hours than the UK-born workforce. This combination of basic English, low confidence, and limited family support, results in a higher susceptibility to social and financial exploitation.
Rates of anxiety, PTSD and depression vastly outstrip their peers, as is acute mental health distress. This has been exacerbated by the disproportionate impact of the isolation and digital poverty highlighted by COVID-19. Further, as anti-migrant sentiment grows in both politics and media, the need to build resilient and supportive communities increases significantly.
A positive experience in a youth movement can be transformative for these young people. They experience joy and fun, gain social and employability skills, grow confidence in English, a strong and resilient community, and build connections with new and relevant role models. These are crucial for OSH’s participants, who, since fleeing violence and persecution from their country of birth, have been robbed of their adolescence.
2022
10
Our Impact
We could tell you that we have served over 3,150 meals on our residentials this year, or that over 7,250 volunteer hours have gone into making our residentials possible. However, on a deeper level, we have learned that our work is integral to integration, acclimatisation and flourishing through three main areas of impact: identity, community and leadership. We measure our impact by surveying all participants at the end of each residential, alongside qualitative interviews, and have recently recruited a volunteer Impact Lead who will develop this work further.
----- Start of picture text -----
% of OSH participants who agreed when asked at the end of a residential
Would you say your confidence has improved? 78%
Would you say your English has improved? 49%
Have you made new friends? 81%
Have you felt comfortable on the residential? 89%
Do you think your leaders were helpful? 96%
Would you like to come back to this residential? 94?
Would you like to come back to this residential
67?
as a leader?
----- End of picture text -----
2022
11
In our Participants' words
Thank you very much, I appreciate you guys. This is life. Bless you guys for what you do for us. We came from a bad country, we didn’t see anything like this. Thank you very much.
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I never forget it. Ever. It’s like a heaven. Trust me. Cause for a long time I didn’t do anything nice, just staying in my room on a computer, I didn’t enjoy anything for like 3 months. This was very nice.
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We talk in front of people here. We are getting brave, like confident, how to speak in front of people. Doing a presentation builds your confidence. It will help in college or business cause you’ll have to represent and be a confident good speaker.
2022
12
And our Young Leaders' Words
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You get so much experience. The other leaders teach me what they have learnt over 5 to 6 years in 5 days. They teach me how they are leading, how it should be done, how to work with teenagers and how to speak to them.
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The most important thing for me is in OSH you’re equal and treated equal in everything. In other organisations, the way that they act would make you feel like you’re nothing. Here, they make you feel like we all need each other.
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The best part was that I was important in it. I used to be a participant 6 months ago but I became an important part of it so they can count on me and they know I can do something for them. That was the really good part.
2022
13
Our Partners
We would like to thank all those who have supported us and partnered with us in 2022, most often as donors or as referrers. We are particularly indebted to Dost Centre and Masorti Judaism, whose commitment to OSH as a referrer and host
respectively has been the driving force behind our growth.
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Dost Centre Masorti Judaism Alpha Care Service Betsy Foundation
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Betty Messenger Foundation British Red Cross
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Essex County Council Goldberg Family Charitable Trust Hillingdon County Council Housing Plus QARA Lambeth Council
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National Lottery Community Fund
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P3 Charity
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Swan Mountain Trust
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The Advocacy Academy The Blue Thread
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The Shoresh Foundation The Weisz Foundation Young Roots
Some have asked to remained anonymous, and we thank them too.
2022
14
CHARITY REGISTRATION NUMBER: 1197551
Our Second Home Unaudited Financial Statements
31 December 2022
HAFFNER HOFF LTD
Accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
Our Second Home
Financial Statements
Period from 18 January 2022 to 31 December 2022
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 |
Our Second Home
Trustees' Annual Report
Period from 18 January 2022 to 31 December 2022
The trustees present their report and the unaudited financial statements of the charity for the Period ended 31 December 2022.
Reference and administrative details
Registered charity name Our Second Home Charity registration number 1197551 Principal office Alexander House 3 Shakespeare Road London N3 1XE The trustees A Brookes J Grabiner-Wolfson W A Zuoriki M A Gardiner [External Treasurer] N D Schlagman [Chairman] Independent examiner Mr Howard Schwalbe ACA 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
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Our Second Home
Trustees' Annual Report (continued)
Period from 18 January 2022 to 31 December 2022
Structure, governance and management
Charity Structure
Our Second Home is a CIO. It was registered with the Charity Commission for England and Wales on 18 January 2022, with charity number 1197551.
Governing Body
The trustees of the Charity are legally responsible for the overall management of the organisation. The day to day running of the Charity is undertaken by the CEO and the senior management. The CEO is aware of the need to follow best practice and to recruit new trustees as applicable. The trustees are kept informed of the running of the Charity and new Trustees will be appointed when and if the need arises.
Recruitment and appointment of new trustees would be in line with the Governing Documents. The principal criteria set for the suitable candidate would be someone who is sensitive to the needs and demands required for effective administration of the Charity.
Training and induction of trustees is undertaken as needed.
All major decisions are taken collectively by the trustees and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangements for setting the pay of the charity's employees are the sole domain of the trustees.
Risk Review
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems are in place to manage exposure to major risks.
The risks faced by the charity are principally operational risks from ineffective running of the charity’s programs. These risks are managed by the trustees ensuring the right staff are utilised and the right policies are implemented.
Procedures are in place to strengthen these safeguards and to ensure public benefit is achieved from all aspects of the charity’s management.
Public Benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing the welfare and integrating of individuals into society who are at a disadvantage by virtue of their youth, social or economic situation when reviewing the charity's aims and objectives and in planning future activities.
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Our Second Home
Trustees' Annual Report (continued)
Period from 18 January 2022 to 31 December 2022
Objectives and activities
Charitable Objects
The Charity's objects, as set out in the CIO Constitution, to advance in life and to relieve the needs of people living in the UK - in particular (but without limitation) young (under 26 years old) migrants, refugees and those seeking asylum - by providing information and advice;
Aims
The main aim of the charity is the provision of various residential and leadership programs in furtherance of the charity’s objects.
Grant Distribution
The Charity retains the right to administer grants at its discretion. All grants distributed would be in line with the stated objects of the charity
Achievements and performance
The charity recorded £69,110 in donations receivable in the year.
Grants receivable during the year amounted to £94,917, a detailed analysis can be found in the notes to the accounts.
Fundraising costs incurred during the year amounted to £1,843 and are detailed in the notes to the accounts.
The charity paid out £86,696 on direct costs in the running and management of the charity. The majority of those costs relate to residential programs and staff salaries.
Support and governance costs for the year were £1,144.
No grants were distributed during the year
There were no related party transactions during the year.
There was an overall net income and net movement in funds for the year amounting to £74,344.
Non-Financial Achievement
Report backs from the beneficiaries of the charities have been resoundingly positive.
78% of participants surveyed say their confidence has improved as a result of Our Second Home.
Over 200 people originally from some 30 different countries participated in our residential programmes.
96% of participants surveyed would like to come back to Our Second Home.
Appreciation
The trustees extend their heartfelt appreciation and gratitude to all donors, employees and volunteers. Our positive impacts on the charities beneficiaries would have not been possible without you.
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Our Second Home
Trustees' Annual Report (continued)
Period from 18 January 2022 to 31 December 2022
Financial review
Reserve Policy
The trustees have reviewed the level of reserves held by the Charity. The review has concluded that to allow the Charity to be managed efficiently and to provide a buffer for uninterrupted services in the event of unforeseen circumstances, the level of free reserves, being those not tied up in fixed assets, needs to be maintained at not less than six months expenditure.
The free reserves, comprising of net current assets stand at £74,344 all of which are unrestricted.
The trustees' annual report was approved on 25 April 2023 and signed on behalf of the board of trustees by:
M A Gardiner Trustee
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Our Second Home
Independent Examiner's Report to the Trustees of Our Second Home
Period from 18 January 2022 to 31 December 2022
I report to the trustees on my examination of the financial statements of Our Second Home ('the charity') for the Period ended 31 December 2022.
Responsibilities and basis of report
As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements 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 giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements 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.
Mr Howard Schwalbe ACA
Independent Examiner
2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
25 Apr 23
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Our Second Home
Statement of Financial Activities
Period from 18 January 2022 to 31 December 2022
| Period from 18 Jan 22 to | Period from 18 Jan 22 to | ||
|---|---|---|---|
| 31 Dec 22 | |||
| Unrestricted | |||
| fundsTotal funds | |||
| Note | £ | £ | |
| Income and endowments | |||
| Donations and legacies | 4 | 164,027 | 164,027 |
| -------------------------------- | -------------------------------- | ||
| Total income | 164,027 | 164,027 | |
| ================================ | ================================ | ||
| Expenditure | |||
| Expenditure on raising funds: | |||
| Costs of raising donations and legacies | 5 | 1,843 | 1,843 |
| Expenditure on charitable activities | 6,7 | 87,840 | 87,840 |
| -------------------------------- | -------------------------------- | ||
| Total expenditure | 89,683 | 89,683 | |
| ================================ | ================================ | ||
| -------------------------------- | -------------------------------- | ||
| Net income and net movement in funds | 74,344 | 74,344 | |
| ================================ | ================================ | ||
| Reconciliation of funds | |||
| Total funds brought forward | – | – | |
| -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 74,344 | 74,344 | |
| ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 13 form part of these financial statements.
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Our Second Home
Statement of Financial Position
31 December 2022
| 31 Dec 22 | ||
|---|---|---|
| Note | £ | |
| Current assets | ||
| Cash at bank and in hand | 76,429 | |
| Creditors: amounts falling due within one year | 12 | 2,085 |
| ---------------------------- | ||
| Net current assets | 74,344 | |
| ---------------------------- | ||
| Total assets less current liabilities | 74,344 | |
| ---------------------------- | ||
| Net assets | 74,344 | |
| ============================ | ||
| Funds of the charity | ||
| Unrestricted funds | 74,344 | |
| ---------------------------- | ||
| Total charity funds | 14 | 74,344 |
| ============================ |
These financial statements were approved by the board of trustees and authorised for issue on 25 Apr 23, and are signed on behalf of the board by:
M A Gardiner Trustee
The notes on pages 8 to 13 form part of these financial statements.
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Our Second Home
Notes to the Financial Statements
Period from 18 January 2022 to 31 December 2022
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Alexander House, 3 Shakespeare Road, London, N3 1XE.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Our Second Home
Notes to the Financial Statements (continued)
Period from 18 January 2022 to 31 December 2022
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
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Our Second Home
Notes to the Financial Statements (continued)
Period from 18 January 2022 to 31 December 2022
3. Accounting policies (continued)
Financial instruments (continued)
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Donations and legacies
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2022 | |
| £ | £ | |
| Donations | ||
| Donations | 69,110 | 69,110 |
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Our Second Home
Notes to the Financial Statements (continued)
Period from 18 January 2022 to 31 December 2022
4. Donations and legacies (continued)
| Unrestricted | Total Funds | ||
|---|---|---|---|
| Funds | 2022 | ||
| £ | £ | ||
| Grants | |||
| Betty Messenger Charitable Foundation | 3,000 | 3,000 | |
| Goldberg Family Charitable Trust | 5,000 | 5,000 | |
| National Lottery | 10,000 | 10,000 | |
| Other Grants receivable | 10,144 | 10,144 | |
| Shoresh Charitable Trust | 2,483 | 2,483 | |
| The Blue Thread | 47,090 | 47,090 | |
| The Rayne Trust | 10,000 | 10,000 | |
| The Swan Mountain Trust | 4,700 | 4,700 | |
| The Weisz Foundation | 2,500 | 2,500 | |
| -------------------------------- | -------------------------------- | ||
| 164,027 | 164,027 | ||
| ================================ | ================================ | ||
| 5. | Costs of raising donations and legacies | ||
| Unrestricted | Total Funds | ||
| Funds | 2022 | ||
| £ | £ | ||
| Costs of raising donations and legacies | 1,843 | 1,843 | |
| ======================= | ======================= | ||
| 6. | Expenditure on charitable activities by fund type | ||
| Unrestricted | Total Funds | ||
| Funds | 2022 | ||
| £ | £ | ||
| Residential Programs | 84,280 | 84,280 | |
| Outreach And Leadership Training Programs | 2,416 | 2,416 | |
| Support costs | 1,144 | 1,144 | |
| ---------------------------- | ---------------------------- | ||
| 87,840 | 87,840 | ||
| ============================ | ============================ |
7. Expenditure on charitable activities by activity type
| Activities | |||
|---|---|---|---|
| undertaken | Support | Total funds | |
| directly | costs | 2022 | |
| £ | £ | £ | |
| Residential Programs | 84,280 | 425 | 84,705 |
| Outreach And Leadership Training Programs | 2,416 | – | 2,416 |
| Governance costs | – | 719 | 719 |
| ---------------------------- | ----------------------- | ---------------------------- | |
| 86,696 | 1,144 | 87,840 | |
| ============================ | ======================= | ============================ |
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Our Second Home
Notes to the Financial Statements (continued)
Period from 18 January 2022 to 31 December 2022
| 8. | Analysis of support costs | ||
|---|---|---|---|
| Analysis of | |||
| support costs | Total 2022 | ||
| £ | £ | ||
| General office | 425 | 425 | |
| Governance costs | 719 | 719 | |
| ----------------------- | ----------------------- | ||
| 1,144 | 1,144 | ||
| ======================= | ======================= |
9. Independent examination fees
| Independent examination fees | Independent examination fees |
|---|---|
| Period from | |
| 18 | Jan 22 to |
| 31 Dec 22 | |
| £ | |
| Fees payable to the independent examiner for: | |
| Independent examination of the financial statements | 720 |
| ============== | |
| Staff costs | |
| The average head count of employees during the Period was 3. The average number | of full-time |
| equivalent employees during the Period is analysed as follows: | |
| 31 Dec 22 | |
| No. | |
| CEO | 1 |
| Programs And Operations | 2 |
| -------------- | |
| 3 | |
| ============== |
10. Staff costs
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
12. Creditors: amounts falling due within one year
| 31 Dec 22 | |
|---|---|
| £ | |
| Accruals and deferred income | 720 |
| Social security and other taxes | 1,365 |
| ----------------------- | |
| 2,085 | |
| ======================= |
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Our Second Home
Notes to the Financial Statements (continued)
Period from 18 January 2022 to 31 December 2022
13. Pensions and other post-retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £72.
14. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At 18 | At 31 | ||||
| Jan | 2022 | Income | Expenditure | Dec 2022 | |
| £ | £ | £ | £ | ||
| General funds | – | 164,027 | (89,683) | 74,344 | |
| ============== | ================================ | ============================ | ============================ |
15. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2022 | |
| £ | £ | |
| Current assets | 76,429 | 76,429 |
| Creditors less than 1 year | (2,085) | (2,085) |
| ---------------------------- | ---------------------------- | |
| Net assets | 74,344 | 74,344 |
| ============================ | ============================ |
16. Taxation
Our Second Home is a registered charity and therefore is not liable to income tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
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@oshyouth www.oursecondhome.org.uk