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2023-03-31-accounts

A CHARITABLE INCORPORATED ORGANISATION

ANNUAL REPORT AND FINANCIAL

STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2023

PINT (PEOPLE IN NEED TODAY)

CONTENTS

Administrative details of the charity:
-
Trustees and advisers		 2
Trustees’ report 3-8
Statement of financial activities 9
Balance sheet 10
Notes of the financial statements 11-13

PAGE 1

PINT (PEOPLE IN NEED TODAY)

ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS

Board of Trustees

Carlos Dennis - Chair (appointed on 7[th] June 2022) Charlotte Devaney (appointed on 7[th] June 2022) Toni Lockton (appointed on 7[th] June 2022) David Anwar (appointed on 7[th] June 2022)

Charity registered number

1199209

Registered Office

Capital Office 124-128 City Road LONDON EC1V 2NX

Accountants

Magnolia House 161 Wandle road Morden SM4 6AA

Principal Bankers

Metro Bank One Southampton Row London WC1 B5HA

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PINT (PEOPLE IN NEED TODAY)

TRUSTEES’ REPORT FOR THE PERIOD ENDED 31 MARCH 2023

People In Need Today (PINT) was registered as a Charitable Incorporated organization (CIO) with the Charity Commission on 7[th] June 2022. The Trustees present their first period report, together with the financial statements of People in Need Today for the period ended 31 March 2023.

P.I.N.T (People in Need Today) was established with a simple yet profound mission: to do a little good in the world . As our trustee David Anwar eloquently put it, "I want to do a little good in the world like some people did good to me when I was in trouble." This sentiment encapsulates the spirit and driving force behind our charity. We aim to brighten someone’s day and provide help to those who need it most.

The core purpose of P.I.N.T is to help the poor and needy, offering support and kindness to

those who find themselves in dire situations. Our mission is not only to provide aid but also to create a ripple effect of goodwill and compassion. We seek out individuals in need, particularly those sleeping on the streets and in parks, ensuring they receive the assistance they deserve.

Trustee Collaboration and decision making

Our trustees work collaboratively, listening to diverse ideas and collectively deciding on the best paths forward. This democratic approach allows us to harness the strengths and insights of each trustee, ensuring that our initiatives are well-rounded and effective. We are committed to maintaining a transparent and inclusive decision-making process, which is fundamental to our success and trustworthiness.

Impact Stories

The existence and success of P.I.N.T are deeply rooted in the personal journeys of our trustees. One trustee, in particular, embodies the transformative power of our charity. This individual was once in a vulnerable position, dealing with a severe medical condition and receiving no support or belief from others. Despite these challenges, this person has now become a trustee, dedicated to helping others who face similar struggles. This exceptional story highlights the profound impact P.I.N.T can have, turning recipients of aid into givers, and reinforcing our mission of creating a community of support and compassion.

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PINT (PEOPLE IN NEED TODAY)

TRUSTEES’ REPORT FOR THE PERIOD ENDED 31 MARCH 2023

Public Trust and Awareness

Over time, the general public is increasingly recognising P.I.N.T as a reliable and trustworthy charity. Our reputation is built on the consistent delivery of our promises and the visible impact of our work. We physically go out into the community to find and help those in need, demonstrating our commitment to our cause and the people we serve.

The Trustees confirm that the year-end report and financial statements of the People In Need Today charity comply with:

The above guidances are specifically applicable to charities preparing their accounts in accordance with the Financial Reporting Standard practiced within the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

1. OBJECTIVES AND ACTIVITIES

Charitable objectives

PINT - People in Need Today is a non-profit voluntary charity dedicated to the relief and assistance of individuals who are homeless, anywhere in the UK, who are in need by reason of their poverty or financial hardship by the provision of, or assistance in the provision of, accommodation, services and/or goods.

Fundraising note

The Charity does not solicit funds by means of any mass appeals or generalised campaigns by phone, email, or direct mail. The Charity also does not sub-contract any fundraising activities to a third party and does not otherwise fundraise via a general call for support. Funds are instead raised via private donations and events held. The Charity did not receive any complaints about fundraising activity during the year.

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PINT (PEOPLE IN NEED TODAY)

TRUSTEES’ REPORT FOR THE PERIOD ENDED 31 MARCH 2023

Achievements and performance

P.I.N.T continues to strive towards its goal of doing good in the world, one act of kindness at a time. Our trustees, inspired by personal experiences and driven by a shared mission, are dedicated to making a positive difference in the lives of the poor and needy. As we move forward, we remain committed to our founding principles, ensuring that our actions speak louder than words and that our charity remains a beacon of hope and support for those who need it most.

We provide support throughout the year. A typical weekly schedule will look like the following.

Monday

AM – Breakfast outreach in Westminster between 6.30 am and 7.30 am PM – Soup Kitchen outside Streatham Odeon Cinema between 7pm and until late

Tuesday

AM – Breakfast outreach in City of London between 6am and 7.30 am PM – Outreach in West London (covering Wimbledon to Hammersmith)

Wednesday

AM – Breakfast outreach in South London between 6.30am and 7.30 am PM – Outreach in Westminster, central London between 6.45pm and 9.30pm

Thursday

AM – Breakfast outreach in Old Street to Liverpool Street Station PM – Outreach from Mile End, East London to Liverpool Street Station

Friday

AM – Breakfast outreach in Wandsworth, South London from 6.30am PM – Outreach from Mile End, East London to Liverpool Street Station

Saturday

PM – Outreach in South London

Sunday

Family Support / Elderly support / Vulnerable support

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PINT (PEOPLE IN NEED TODAY)

TRUSTEES’ REPORT FOR THE PERIOD ENDED 31 MARCH 2023

The above time and location may change based on volunteer availability, weather conditions, and other circumstances. We would like to express our heartfelt gratitude to our volunteers and collaborative partners. Without their dedication and support, this service would not be possible .

We are deeply thankful for their ongoing contributions and are proud to be working closely with the following partners:

We would like to extend our heartfelt gratitude to Rudy's Pizza and Dunn's Bakery for their generous food donations. Your support is invaluable to us, and it greatly enhances our ability to serve those in need. Thank you for making a positive difference in our community.

Plans for the future

Looking ahead, P.I.N.T is committed to expanding our outreach to assist even more people in need. A key component of this plan is acquiring a vehicle, which would significantly enhance our operational capabilities. With a vehicle, we would be able to heat up food for those in need, ensuring they receive warm, nutritious meals. Additionally, it would allow us to store food in a refrigerator, maintaining its freshness and safety. This logistical improvement would enable us to serve more individuals effectively and efficiently, furthering our mission of doing good and brightening the days of those who need it most.

To achieve this, we need to raise funds not only for the vehicle but also to continue supporting people in need. Your generous donations will be crucial in helping us reach our goals and expand our impact in the community.

Going concern

The Trustees have a duty to consider whether there are material uncertainties about the Charity’s ability to continue as a going concern for at least 12 months from the date the accounts are authorized for issue.

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PINT (PEOPLE IN NEED TODAY)

TRUSTEES’ REPORT FOR THE PERIOD ENDED 31 MARCH 2023

Despite the ever-increasing need for support, the donation of £4,652 from Janies Homeless has provided us with the necessary cash flow to sustain our operations. Coupled with the financial discipline of the Trustees and continued donations, this has enabled the charity to maintain and even enhance its ability to support more people in need. As a result, the Trustees are confident that the Charity’s operations remain viable.

Financial review

The accounts have been prepared under the accruals basis.

During the period, the Charity's total income amounted to £5,683, while total expenditure was £100. The Charity's activities are primarily funded by a transfer of £4,652 from Janie's Homeless, supplemented by voluntary income of £1,032 from individual donations.

As a result, as at 31st March 2023, the Charity’s total funds were £5,583, all of which were unrestricted.

The Trustees have determined that maintaining reserves equivalent to 6 months' operating costs is appropriate according to their reserves policy. However, as this is the first period of operation and the Trustees plan to expand activities and invest in a capital asset, it is challenging for them to allocate funds specifically towards the reserves.

The Charity’s financial risks relate to risks of damage or injury to third parties or to their premises during the outreach and staging of any fundraising events.

Structure, governance and management

The Charity is a Charitable Incorporated Organisation (CIO) and is governed by its Constitution.

Trustees

The Charity does not employ any staff. The trustees serving during the period and since the periodend are as follows:

Carlos Dennis - Chair (appointed on 7th June 2022)

Charlotte Devaney (appointed on 7th June 2022)

Toni Lockton (appointed on 7th June 2022)

David Anwar (appointed on 7th June 2022)

All of the trustees were appointed by the Board of Trustees at the initial meeting of the Charity in on 7th June 2022, and are subject to removal by the Board of Trustees. As the Charity continues to operate, the Board will continue to review the skills and experience of trustees with a view to determining whether the appointment of additional trustees is warranted. All trustees were appointed during the year.

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PINT (PEOPLE IN NEED TODAY)

TRUSTEES’ REPORT FOR THE PERIOD ENDED 31 MARCH 2023

Related parties and co-operation with other organisations

The Charity received a donation of £4,652 from Janie's Homeless. No other related party transactions occurred during the period.

Trustees' responsibilities statement

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In preparing these financial statements, the Trustees are required to:

The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and regulations made thereunder. They are also responsible for safeguarding the assets of the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charities’ website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the Trustees on 24[th] May 2024 and signed by

Carlos Dennis Chair

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PEOPLE IN NEED TODAY (PINT)

Statement of financial activities

For the period ended 31 March 2023

----- Start of picture text -----
Unrestricted Total
funds funds
2023 2023
Note £ £
Income from:
Charitable activities
Donation from Janie's Homeless 4,652 4,652
Other Individuals Donation 1,031 1,031
Other
Other sources -
Total income 5,683 5,683
Expenditure on:
Charitable activities
Outreach Expenses (Petrol) 100 100
Other - -
Total expenditure 3 100 100
Net income / (expenditure) 5,583 5,583
Reconciliation of funds
Total funds at 7 June 2022 - -
Total funds 31 March 5,583 5,583
All activities relate to continuing operations in the above two financial periods. All recognised
gains and losses are included in the above statement of financial activities. The accompanying
notes form part of these financial statements.
----- End of picture text -----

PAGE 9

PEOPLE IN NEED TODAY (PINT)

A CHARITABLE INCORPORATED ORGANISATION: 1199209 (England and Wales)

Balance Sheets

As at 31 March 2023

PEOPLE IN NEED TODAY(PINT) PEOPLE IN NEED TODAY(PINT) PEOPLE IN NEED TODAY(PINT) PEOPLE IN NEED TODAY(PINT) PEOPLE IN NEED TODAY(PINT)
A CHARITABLE INCORPORATED ORGANISATION: 1199209(England and Wales)
Balance Sheets
As at 31 March 2023
2023
£
Fixed assets
TangibleFixedAssets -
-
Current assets
Stocks -
Cashat bankandin hand 5,583
5,583
Creditors: Amounts
falling due withinone year -
Net current assets 5,583
Net assets 5,583
Funds
Restricted funds -
Unrestricted funds
General funds 5,583
Total funds 5,583
The accompanyingnotesformpart ofthesefinancialstatements.
Thefinancialstatementswere approved by theTrustees on 24th May2024and signed ontheirbehalf,
Carlos Dennis - Chair

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Notes to the Financial Statements For the period ended 31 March 2023

1. Accounting policies

1.1 The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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) (effective 1 January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

People In Need Today (PINT) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2 Company status

People In Need Today (PINT) is a Charitable Incorporated Organisation (CIO). The members of the charity are the Trustees named on page 1. In the event of the People In Need Today (PINT) being wound up, the liability in respect of the guarantee is limited to £1 per member of the People In Need Today (PINT).

1.3 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the People In Need Today (PINT) and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for specific purposes. The aim and use of each designated fund are set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the People In Need Today (PINT) for specific purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in the notes to the financial statements.

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Notes to the Financial Statements For the period ended 31 March 2023

Accounting policies (Continued)

1.4 Income

All income is recognised once People In Need Today (PINT) has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.

Donated services or facilities are recognised when People In Need Today (PINT)has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of People In Need Today (PINT) of the item is probable and that economic benefit can be measured reliably.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to People In Need Today (PINT) which is the amount People In Need Today (PINT)would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.

1.6 Taxation

People In Need Today (PINT)is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, People In Need Today (PINT) is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

1.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount repaid net of any trade discounts due.

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Notes to the Financial Statements For the period ended 31 March 2023 Accounting policies (Continued)

1.8 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.9 Creditors and provisions

Creditors and provisions are recognised where People In Need Today (PINT) has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.10 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the average rate of the transaction. Exchange gains and losses are recognised in the Statement of Financial Activities.

1.11 Non-Current Assets

The Charity has a capitalisation threshold of £1,000, below which capital spend is expensed. An additional vehicle was purchased in August 2021 by the charity to support the delivery of rescue services. Further detail can be found within the Tangible Fixed Asset note.

1.12 Governance Costs

There were NO Governance Costs incurred both in UK and in other countries whereas People In Need Today (PINT) operates with 100% voluntary support and entire donation is used for the Charitable purpose, other than for Accounting and bank charges. The trustees contribute towards the costs of the meeting expenditure.

1.13 Related Party Transections

During the year the Charity received £4,652 from Janie's Homeless (Charity number: 1183022) There were no other related party transections to report. The trustees continue to donate their time to the Charity as an unrestricted donation.

1.14 Going concern

The Trustees have reviewed budgets and future plans for the Charity and consider that it is a going concern.

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