PINT l)eopie Ir) Need Tckhj A CHARITABLE INCORPORATED ORGANISATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
PINT PEOPLE IN NEED TODAY CONTENTS Administrative details of the charity: Trustees and advlsers Tyustees, report Statement of flnancial activitie5 10 Balance sheet 11 Notes of the flnancial statements 12-14 PAGE I
PINT PEOPLE IN NEED TODAY ADMINISTRATIVE DETAILS OF THE CHARITY ITS TRUSTEES AND ADVISERS Board of Trustees Carlos Dennis - Chair Charlotte Devaney Tonl Lockton Davld Anwar Charlty reglstered number 1199209 Reglstered Offlce Capltal Offlce 124.128 Clty Road LONDON ECIV 2NX Accountants Magnolla House 161 Wandle road Morden SM4 6AA Prlnclpal Bankers Metro Bank One Southampton Row London WCI 85HA PAGE 2
PINT PEOPLE IN NEED TODAY TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024 People In Need Today IPINTI was registered as a Charitable Incorporated organization ICIOI with th the Charity Commlssion on 7 June 2022, The Trustees present thelr first period report, together wlth the flnanclal statements of People in Need Today for the perlod ended 31 March 2024. P.I.N.T (People In Need Today) was establlshed with a simple yet profound m1s55on: to do a Ilttle good In the world. As our trustee David Anwar eloquently put It, "I wont to do o little good in the world like some people dld good to me when I was in trouble,, This sentiment encapsulates the spirit and driving force behind our charity. We aim to brlghten someone's day and provlde help to those who need it most. The core purpose of P.l.N.T Is to help the poor and needy, offerln8 SUPPOrt and klndness to those who flnd themselves In dlre sltuatlons. Our misslon is not only to provide ald but also to create a ripple effect of goodwill and compasslon. We seek out Individuals in need, particularly those sleepin8 on the streets and in parks, ensurin8 they receive the as5iStance they deserve. Trustee Collaboratlon and declslon makln8 Our trustees work collaboratively, listening to dlverse Ideas and collectlvely deciding on the best paths forward. Thls democratic approach allows us to harness the strengths and Insi8hts of each trustee, ensurlng that our Inltlatives are well-rounded and effective, We are commltted to malntainlng a transparent and inclusive decislon-maklng proce55, whlch Is fundamental to our success and trustworthlness. Impart Storles The exlstence and success of P.l.N.T are deeply rooted in the personal Journey5 of our trustees. One trustee, in partlcular, embodles the transformative power of our charlty. This Indlvidual was once In a vulnerable position, dealing wlth a severe medical condltion and recelvlnE no support or belief from others. Despite these challenges, this person has now become a trustee, dedicated to helpin8 Others who face similar struggles. This exceptional story highlights the profound impact P,I,N.T can have, turning recipient5 of aid Into givers, and reinforcin8 our mission of creating a community of support and compassion. PAGE 3
PINT PEOPLE IN NEEDTODAY TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024 Public Trust and Awareness Over time, the general public is increaslngly recognlsing P.l.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 phy51cally 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 flnancial statements of the People In Need Today charlty comply with., The current statutory requirement The requlrements of the governing document The provlslons of the Statement of Recommended Practlce ISORPI The above guidances are speclfically applicable to charities preparin8 their accounts In accordance wlth the Flnanclal Reporting Standard practlced within the UK and Republic of Ireland (FR5 1021 leffectlve l January 20151. I. OBJEcfivES AND ACTIVITIES Charltable ob ectives PINT - People In Need Today is a non-profit voluntary charity dedlcated to the rellef and a551Stance of Indivlduals who are homeless, anywhere in the UK, who are in need by reason of thelr poverty or flnancial hardship by the provislon of, or as515tance In the provlsion of, accommodation, services and/or goods. Fundralsln note The Charlty does not soliclt funds by means of any mass appeals or generalised campalgns by phone. email, or direct mail. The Charlty also does not sub-contract any fundraisin8 activitie5 to a third party and does not otherwise fundraise vla a general call for 5UPPOrt. Funds are instead raised vla private donatlon5 and events held. The Charity dld not receive any complaints about fundraislng actlvlty during the year. PAGE 4
PINT PEOPLE IN NEED TODAY TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024 Achievements and Performance in 2024 The year 2024 witne55ed a significant Increase in homelessness across the UK, with London experiencing a particularly severe rise. This escalatlon has dramatically impacted our workload, necessitatin8 a greater provision of essential items to meet the daily needs of those in crisls. Malntained outreach services six to seven days a week, 5UPPQrting approxlmately 600 individuals weekly. Operated the smart food bank moblle servlce on weekend5, a55lsting 8 to 12 families or Individuals each week. Conducted community workshops to educate and mobilize local residents in supporting rough Sleepers and the homeless. Strengthened relatlon5hSps wlth bu51nesses across London to reduce food waste and create dlstrlbutlon packa8es. Prepared to launch a Llverpool outreach pro8ram, expanding our effort5 beyond London. Bullt stronger collaborations with newly established and exlstlng charitles. Actlvltles and Support Provlded Our mlssion to support the homeless and vulnerable is carried out through the dlstributlon of essential items, including hygiene products, clothlngi socks, and underwear. Additionally, our meal packs, which include a hot meal, sandwich, chocolate5, crlsps, frults, and drinks, form a cornerstone of our outreach efforts. Our visible and impactf ul outreach work In London has not only supported rough sleepers but has a150 drawn the attentlon and collaboration of other charities. We are proud to have partnered with organSzatlons such as Charlty Begln5 At Home, Ni5hkamswat, and Critical Support. These partnerships have enhanced our abillty to provlde consistent support through donatlons and mutual efforts. Our PINT outreach program operates seven days a week, dependlng on the avallability of donations and volunteers. In most circumstances, we maintain a regular commitment of at least Six days a week. Beyond our core activities, the charity has expanded its support to victims of domestic violence and abuse. Thls 15 achieved through a dlscreet distribution process in collaboration with third parties, ensurlng that vlctlms receive weekly packages containing sanitary products, clothing, food, and snacks. PAGE S
PINT PEOPLE IN NEED TODAY TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024 Activities and Support Provlded Icontlnuedl Recognising the growing demand for emergencyfood a55iStance, we havefurther developed our smart food bank initiative. Although we lack a dedicated distribution location, we provide emergency food parcels to individuals and farnilies In urgent need. These parcels contain essential groceries designed to help recipients transition to more stable support networks within their communities. New Inltlatlves and Communlty Enga8ement Thls year also marked our increased Involvement wlth young adults who have faced challenges with the law. Our presence in South London has become a beacon of hope, offering food, essentla15, and 8uidance. One of our promising project5, Words of Wisdom IWOWI, focu5es on empowerln8 Individuals through positlve 8uidance and encoura8ement to relntegrate Into soclety. Though in Its early stages, WOW has already assisted 22 indlviduals in turnln8 thelr lives around. Future Objectlves for 2025 Looking ahead, we aim to: Expand our outreach artivltSes acr055 varlous areas in London. Provide rough sleepers wlth hyglene packs, essentlals, and meals. Support rough sleepers with informatlon on accesslng help and leavlng the streets. Dellver care packages for the elderly and vulnerable. Continue emergency sUPPOrt for victlms of domestlc vlolence and abuse. Ass15t low-lncome famllies with food parcels. Launch a mobile Ilbrary featurlng 200 self-help books. Further develop and Implement the WOW prolett to provide indlvldu31s with Ilfe- changing resources and guidance. PAGE 6
PINT PEOPLE IN NEED TODAY TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024 Acknowledgernents We extend our heartfelt gratitude to the following organlzatlons for thelr Invaluable contrlbutions and unwavering support: Crltical Support Nishkam5wat Charity Begin5 At Home Fellx ProJect Dunn's Bakery RudWs Pizza Jack the Lad Hearts and Helpers Tootlng Communlty Kltchen The Lunch Club Streatham Their generosity and dedicatlon have been Instrumental in our success and the ongoing Impact of our programs. Together, we contlnue to work towards a brighter future for those in need. The trustees remain committed to addressing the challenges of homelessness, poverty, and domestic abuse through innovation, collaboration, and a relentless drlve to make a difference. We thank our volunteers, donors, and supporters for helping us achieve our mlssion in 2024 and look fOard to a year of growth and positive change In 2025. Goln concern The Trustees have a duty to conslder whether there are material uncert31ntles about the Charity's ablllty to contlnue a5 a golng concern for at least 12 month5 from the date the account5 are authorized for issue. PAGE 7
PINT PEOPLE IN NEED TODAY TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024 Despite the ever-increasing need for support, the donation received from Janles Homeless in 2023 has provided us with the necessary cash flow to sustain our operations. Coupled with the financlal discipline of the Trustees and continued donatlons, 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 Charitws operatlons remaln vlable. Flnancial review The accounts have been prepared under the accrua15 basis. During the perlod, the Charity's total Income amounted to £65412023: £5,683), whSle total expendlture was £1,13712023'. £5501. The net deficit for the year is £48312023., £5,133 Surplus), The Charity's activities are prlmarily funded by voluntary Income from individual donation5. A5 at 31st March 2024, the Charit(s total funds were £4,650 12023., £5,133), all of which were unrestricted. The Trustees have determlned that malntalnln8 reserves equlvalent to 6 months, operatlng 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 challengln8 for them to allocate funds speclflcally towards the reserve5, The Charity's financial rlsks relate to rSsk5 of damage or Inlury to third partles or to thelr premises during the outreach and staging of any fundraising events. Structurei governance and management The Charity is a Charitable Incorporated Organlsation ICIOI and is govemed by its Constltution. Trustees The Charity does not employ any staff. The trustees servlng during the period and since the period end are as follows: Carlos Denn15 - Chair Charlotte Devaney Tonl Lockton David Anwar As the Charity contlnues to operate, the Board will continue to review the skills and experience of trustees with a view to determining whether the appointment of addltional trustees is warranted. PAGE S
PINT PEOPLE IN NEED TODAY TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024 Related partles and ec.operation wlth other organisatlon5 During 2023, the Charity received a donation of £4,652 from Janie's Homeless. No related party tran5aCtlons occurred durlng 2024. Trustees, responslbilities statement The Trustees are responsible for preparin8 the Trustees, report and the flnanclal statements in accordance with applicable law and United Klngdom Accounting Standards Iunited Klngdom Generally Accepted Accountlng Practlcel, In preparlng these flnancial statements, the Trustees are requlred to.. select sultable accountlng policles and then apply them conslstently,. observe the methods and principles In the Chorltles SORP 2015 IFR51021,' make judgments and estimates that are reasonable and prudent,. state whether appllcable UK accountlng standard5 have been followed subject to any materlal departure dlsclosed and explalned In the flnanclal statements; prepare the flnanclal statements on the golng concern basis unless it Is Inapproprlate to presume that the charlty will continue In operatlon, The trustees are responsible for keepln8 accountlng records that dlsclose wlth reasonable accuracy at any tSme the flnancial posStlon of the charity and enable them to ensure that the flnancial Statements comply wlth the Charlties Act 2011 and regulations made thereunder. They are also responsible for safeEuardSng the assets of the 8roup and hence for takin8 reasonable steps for the prevention and detection of fraud and other Irregularlties. The Trustees are respon51ble for the malntenance and Inte8rity of the corporate and financial informatlon Included on the chorities, website. Legislation In the United Kingdom governing the preparatlon and disseminatlon of financlal statements may differ from legislation in other jurisdictions. Approved by the Trustees on 07 January 2025 and slgned by Car105 Dennis Chair PAGE 9
'PINT {PEOPLE IN NEED TODAY) Statement of financial activities For the year ended 31 March 2024 Unrostricted funds 2024 Total Unr05triGted fund8 funds 2024 . 2023 Total funds 2023 Note Incomo from: Charitablo aGtfvltle8 Don8Jon from Janie'8 H)meles8 Cther Donalon Other 8our¢e8 4,652 1,031 4,652 1.031 854, 654 Total Incom• 654 654 5,883 Expondlture on.. Charitabl8 actlvltle• (treach Eyn888 Administrativ8 E4n8&S 13Mrnance Costs 100 837 300 837 450 450 T¢)tal expondttur• 550 550 Net InconK• l IpendIture) (483) (483) 5,133 8,133 R8con¢lliatlon of fvnds Total funds at 1 January 5.133 5,133 Total fund8 31 Decomber Al actiMtie$ relat8 to continulng opgrations In the ave financial periods. Al reccgnlsed g81ns and bsses are InCded In Ihe aEKs Statement of fin8nciaS a¢lliiti85. The accoryanylng notes form part of these financial staleThnts. PAGE 10
PINT (PEOPLE IN NEED TODAY) A CHARITABLE INCORPOR4TED ORGANISATION: 1199209 (ErvJlarYJ and Wales) Balance Sheets A8 at 31 March 2024 2023 Flxod 00 TangSbl6 Fi>Bd Assets Curreiit as•ots Cagh at bank and in hand 5.583 5,583 Cr•dRorn: Amounts falling due wlthln one year 750 450 N•t current assets 650 Net a88Ot 5,133 Fund• Re8trl¢tod fund• Unro8tricted fvnd8 ¢>neral funds 650 Total fvnd• The a¢companylng notes lorni part of these ffinancial $tatement8. The financial statem8nl8 were approved by the Trustees on 07th January 2025 and slgnad on thelr behalf, by.. Chalr. PAGE 11
PINT PEOPLE IN NEEDTODAY Notes to the FlnancSal Statements For the erlod ended 31 March 2024 l. Accountlng policle5 1.1 The financial statements have been prepared in a¢¢ordan¢e with Accounting and Reportlng by Charltie5.' Statement of Recommended Prattlce appllcable to charltles preparin8 theSr ac¢ounts In accordance with the Flnanclal Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectlve l January 20151- Icharltles SORP IFR510211, the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS 1021. People In Need Today IPINTI meets the deflnltlon of a publlc beneflt entlty under FRS 102. Assets and Ilabllltle5 are Inltlally recognlzed at h15torScal cost or transactlon value unless Otherwlse stated In the relevant accountln8 pollcy. The flnanclal statements are prepared in sterllng, which is the functional currency of the company, Monetary amounts In these flnanclal statements are rounded to the nearest £, 1,2 Company statu5 People In Need Today {PINTI is a Charltable Incorporated Organlsatlon ICIOI. The members of the charlty are the Trustees named on pa8e l. In the event of the People In Need Today IPINTI beln8 wound Upi the liablllty Sn respect of the guarantee Is Ilmlted to £1 per member of the People In Need Today IPINTI. 1.3 Fund accountlng General funds are unrestricted funds which are available for use at the dlscretSon of the Trustees In furtherance of the general objectlves of the People In Need Today IPINTI and which have not been deslgnated for other purposes. Designated fund5 comprlse unre5trlcted funds that have been set aside by the Trustees for speclflc purposes. The alm and use of each designated fund are set out In the notes to the financlal statements. Restrlrted funds are fund5 whlch are to be used In accordance wlth speclflc restrictions Imposed by donors or whlch have been ralsed by the People In Need Today IPINTI for spe¢lflc purpose5. The costs of ra15ing and admlni5terlng such funds are charged agalnst the specific fund. The aim and use of each restricted fund are Set out In the note5 to the financial statements. PAGE 12
PINT PEOPLE IN NEED TODAY Note5 to the Financial Statements For the erlod ended 31 March 2024 Accountln8 pollcles (Contlnued) 1.4 Income All Income Is recognised once People In Need Today IPINTI has entitlement to the income. it 15 probable that the income wlll be received, and the amount of Income recelvable can be measured rellably. Donated servl¢es or fac111tles are recognlsed when People In Need Today IPINTlhas control over the Item, any conditlons assoclated wlth the donated item have been met, the receipt of economlc beneflt from the use of People In Need Today IPINTI of the Item is probable and that economlc beneflt can be measured reliably. On receipt, donated profe55lonal servlces and donated facSlltles are recognlsed on the basls of the value of the glft to People In Need Today IPINTI whlch is the amount People In Need Today IPINTlwould have been wllllng to pay to obtain serv5ces or facllitles of equlvalent etonoml¢ benefit on the open market; a correspondinB amount Is then reco8nlsed in expendlture in the period of receipt. 1.5 Expenditure Expendlture Is recognlsed once there Is a legal or constructlve obli8Otion to make payment to a thlrd partyi It Is probable that settlement will be required and the amount of the obllgatSon can be measured rellably. All expendlture Is accounted for on an accruals basls. 1.6 Taxation People In Need Today IPINTlis consldered to pass the tests set out In Para8raph I Schedule 6 of the Flnance Art 2010 and therefore It meet5 the deflnltlon of a charStable company for UK corporatlon tax purposes. Accordingly, People In Need Today {PINTI is potentlally exempt from taxatlon In respect of income or capital gains received wlthln categorles covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or 5ectlon 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or 8ains are applled exclusively to charitable purposes. 1,7 Debtors Trade and other debtor5 are reco8ni5ed at the settlement amount after any trade dlscount offered. Prepayments are valued at the amount repald net of any trade dlscounts due. PAGE 13
PINT PEOPLE IN NEED TODAY Notes to the Financlal Statements For the eriod ended 31 March 2024 Accountlng pollcles Icontlnuedl 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 acqulsltion or opening of the deposlt or 51milar account. 1.9 Credltor5 and provisions Creditor5 and provisions are recognlsed where People In Need Today IPINTI has a present obligation resultlng from a past event that will probably result in the transfer of funds to a thlrd party and the amount due to settle the obligation Can be measured or estlmated rellably. Creditors and provlslons are normally recognised at their settlement amount after allowing for any trade discounts due, 1.10 Non-current Assets The Charlty has a capitalisatlon threshold of £l,IKJO, below whlch capital Spend Is expensed. An additlonal vehlcle wa5 purchased In August 2021 by the charity to support the delivery of rescue servlces. Further detall can be found withln the Tangible Fixed Asset note. 1.11 Governance Costs Governance costs Include accountlng and bank charges. The trustees also contribute to meetlng expenses. 1.12 Related Party Transectlon5 During 2023, the Charity recelved £4,652 from Janle's Homele55 (Charlty number.. 11830221 There were no other related party transectlons to report. The trustees contlnue to donate thelr time to the Charlty as an unre5trlcted donatS0n. 1.14 Goln8 concern The Trustees have reviewed budgets and future plans for the Charlty and conslder that it is a goSng concern. PAGE 14