CAMBRIDGE CYRENIANS ANNUAL REWEW 2022123
On behalf of the Board of Trustees I am delighted to present our Annual Review for 2022-23.
We unfortunately continue to see the devastating impact of both cuts to central services and the cost of living crisis. Our staff and volunteers continue to offer exceptional levels of support for our service users and on behalf of the Board I offer sincere thanks for their efforts.
This year has seen further changes in our Board of Trustees and I thank both those that have moved on and those that have joined for their unwavering support.
This year has seen the adoption of the new Streets to Homes Service and all of the processes and procedures that has brought with it. Added to this has been the move into the long awaited new office at Signet Court and the adjustments to working brought about as a result.
2022-23 has been a year of consolidation and stability, with much effort having gone in to reinforce the work of the charity after the effects of Covid. We look forward to building on that as we move into the next period.
Sarah Coates—Chair of Board of Trustees
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The year started with the beginning of the new Streets to Homes Service. The transition was unobtrusive for our residents and we were able to continue providing a seamless support service throughout the changes. Behind the scenes the processes and new ways of working have been bedding in, with the partnership working together to improve referral pathways and support across the sector.
April also saw us moving into our new office at Signet Court, the long term goal of purchasing our office finally a reality. The difference from the ex-public house at Short Street is stark, but we quickly settled in to the functionality of a purpose built office.
The cost of living crisis has impacted everyone and with the less well-off being adversely affected by the financial pressures. Supporting our residents through this time has been a real challenge for our staff. The increase in foodbank voucher referrals a sure sign of how difficult many of our residents and clients of the Older Homeless Service are finding the current situation.
Having secured funding for our accommodation service and mental health service last year we needed to ensure the Older Homeless Service was fully funded. Not only did we manage this but we also expanded the service providing two full-time workers, allowing more former homeless people to thrive in their own homes.
James Martin—Director
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After suffering a series of psychotic breakdowns, Shaun was ultimately asked to leave his privately rented accommodation but while street homeless he struggled to access support for his mental health and his general health and well-being quickly spiralled out of control.
Soon after moving into Cambridge Cyrenians Shaun was able to meet with Louisa our Mental Health Practitioner who helped Shaun find healthy coping mechanisms and provided opportunities to fill his time with positive
activities that improved his well-being. With this help, Shaun was able to build routines that helped him to avoid instances, which could negatively affect his wellbeing such as drinking alcohol and remaining isolated in his room.
During one episode of poor mental health, Shaun acted out of character and put his tenancy at risk. However due to Cambridge Cyrenian’s range of support and accommodation options, we were able to move Shaun to a property with more support.
Since then, Shaun has continued to engage well with both his Project Worker and our Mental Health Practitioner. Shaun is now able to keep on top of his appointments and accesses support for his sobriety. He has been working on his future, and having successfully applied to obtain an A-band for social housing he is now preparing himself for a fresh start in a home of his own.
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To support anyone at risk of or experiencing homelessness, no matter their background or past, to have an equal opportunity to fulfil their potential.
To support and empower those who are homeless or vulnerable to homelessness and to make a positive difference to the quality of their lives.
Pioneering: Leading in new and innovative ways of supporting homeless people and finding solutions to the challenges of homelessness. Inclusive: Open to all, valuing and respecting people for their differences. Flexible: We are continually looking at ways to be innovative, to find solutions that will improve the quality of life of our service users. Empathetic: We strive to understand and share the feelings of others. Respectful: We believe in tolerance, acceptance, valuing diversity, and treating each other as equals.
Empowering: We believe in bringing out the best in people, equipping them to make their own decisions and reach their potential.
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We provide a range of housing and support services meeting the needs of homeless and vulnerable individuals in Cambridge. This includes tiered accommodation options for different levels of need, 2 Housing First flats, an inhouse mental health nurse, an older homeless floating support service, a dedicated meaningful activity service and a therapeutic allotment project.
We currently have 21 properties in Cambridge providing supported housing to over 100 people at any time.
Results from Cambridge Cyrenians 2022 resident’s survey showed 95% of our residents felt they had good relationships with Cambridge Cyrenians staff team and 93% of residents rated the their support as good or excellent quality. We also received positive feedback on the quality of our accommodation and the speed of our repairs service. All but one respondent felt the cost of their accommodation was good with 96% rating the cost as good or excellent.
The quality of support provided by Cambridge Cyrenians staff and Project Workers came across in many of the comments with one resident saying "I think that your service and level of support is great overall, staff are all kind and helpful. I have personally benefitted from you positively."
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Cambridge City Council’s Independent Living team referred Helen to the Older Homeless Service as they were struggling to carry out their annual gas safety check. The initial referral was to assist Helen to maintain adequate supply on her gas meter so the boiler check could be undertaken.
However, on visiting Helen it was clear that the situation needed more than this as it was apparent that Helen was struggling to cope, the property was very cluttered and dirty. She had not had heating for months and had built up a large debt for standing charge on her pre-payment meter.
Cambridge Cyrenians’ Older Homeless Service Project Worker began making weekly visits to take Helen out of the property and to top up both the electricity and gas meters, with a view to getting her meters changed in the future so that direct debits could be set up.
Helen hadn’t been able to attend GP appointments regarding her diabetes, the OHS Worker helped Helen access her GP to get her diabetes back under control and made a referral for chiropody to help with Helen’s mobility.
More recently, OHS staff raised a safeguarding referral as the state of the property had declined and there were further signs of self-neglect. In response, a new Social Worker was appointed and a new care package provided with carers visiting Helen twice daily. The Social Worker has been in regular contact with Cambridge Cyrenians and working together arranged for a cleaning company to attend the property; for Helen to attend a Day Centre; and for an assessment by Occupational Therapy for walking aids.
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The Older Homeless Service is a specialist floating support service that helps older men and women to transition and maintain independent living. Working across all types of tenure, the service plays a vital role enabling formerly homeless people to live full independent lives in their own homes.
In response to the ever growing demand this year we chose to increase the staffing resource by 20%. This enabled the capacity of the service to grow allowing the service to support up to 45 individuals living in their own homes. During 2022/23 we supported 62 vulnerable individuals.
The Older Homeless Service plays a vital role enabling those receiving the service to make the most of their homes and independence which the rest of us take for granted. The service not only ensures people thrive in their homes it also prevents tenancy breakdowns and evictions which would lead to repeat homelessness. Perhaps one of the most important functions Lizzy and Lucine provide is reliable on-going support, helping to reduce loneliness and the negative impact this has on vulnerable peoples health.
During our most recent survey 100% of respondents selected ‘strongly agree’ or ‘tend to agree’ to the statements ‘The OHS has helped improve my independence’ and ‘The OHS has helped improve my happiness and wellbeing’
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The Jubilee Project provides accommodation for 10 people with an offending background who are facing homelessness or those without stable accommodation. In 2022/23 the project saw 13 people enter whilst 9 moved on to more permanent accommodation. Our dedicated Project Workers use their skills to liaise with other agencies such as the Probation Service and health professionals whilst regularly meeting with our service users on a 1 to 1 basis to help our residents in achieving their goals.
The focus on meaningful activity has been a challenge for the residents of the Jubilee Project following the disruption caused by Covid-19. Despite these difficulties a number of residents successfully attained their
Construction Skills Certification Scheme Cards enabling them to access employment in the construction industry. We have also had residents working in local restaurants both in front of house roles and as in the kitchens. Other residents secured work as cleaners, couriers and delivery drivers.
One long term resident was successful in securing a place at residential rehab despite needing to do much of his early preparatory work virtually and having now completed his placement still returns to engage with staff.
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Our Meaningful Activities programme encourages residents to engage with training and volunteering opportunities which helps them to gain stable employment further down the line. By joining in with these activities, service users are able to expand their social circles and create environments for lasting change too.
In 2022, many of our residents returned to work largely within construction, retail and cleaning sectors, however some chose different avenues. One resident within our female only accommodation joined Cambridge Cyrenians as a refugee from Ukraine. Since moving to our service, she has set up online classes to teach English to children in Ukraine and is assisting a local college with face to face lessons whilst continuing her own English studies.
We also saw residents volunteering their time to help strengthen and give back to their communities. One such resident has been utilising his knowledge of green spaces to volunteer with Cambridge’s City Rangers who keep our spaces healthy and our city clean.
The residents at Short Street enjoyed spending time out and about with their residential volunteers, mainly eating cake and visiting local attractions such as the Botanic gardens.
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Our Community Allotment has seen another busy and thriving year in 22/ 23. Managed by our Horticulture Therapist and Forest School Leader, the group has been involved in a wide range of practical, artistic and therapeutic activities.
The group rejuvenated an old orchard on site and developed new growing spaces for more vegetables. The Forest Skills sessions have involved cooking own-grown veg on the open fire; making Greenman sculptures from clay and natural items; identifying native flora and fauna. Our fruit and veg stalls have been extremely popular with the public again this year, raising awareness and funds for the project.
Building community connections and working with external partners has been a key focus this year, including several events. Newnham College presented the group with a beautiful crab apple tree as part of their Global Tree Scheme for their 150th anniversary celebrations. Allia Ltd invited the group to hold the annual pumpkin stall at their Future Business Centre in King’s Hedges, which was such a fantastic success that they arranged further partnership events for next year. A local grower gifted approximately 100 sunflowers (the national flower of Ukraine) and the group planted them throughout the community site in solidarity with the Ukrainian people.
“I love coming to the allotments. This is part of my healing process.” – Group member.
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The Mental Health Practitioner continues to provide essential support to our residents who struggle with their mental health. The holistic person-centred approach allows the MHP to support our residents with their mental health and well-being, helping them to better understand and manage their mental health and encourage adaptive coping mechanisms.
Over the year, there have been 28 referrals and 23 discharges, referrals come from in-house projects, as well as outside agencies such as Counting Every Adult Team, Dual Diagnosis Street Project and Cambridge Access Surgery. The MHP maintains an average
caseload of 14 and informal support remains in place for residents, who prefer a ‘dropin’ approach to support, without the need for set meetings.
We have seen more individuals access our service with complex needs and dual diagnosis. This has resulted in fluctuating intensive support, as well as a joint working with drugs and alcohol support services like Care Grow Live and Alcoholics Anonymous. The support provided is flexible, with individuals identifying different goals and aspirations, ranging from anxiety management and emotional regulation to crisis planning, incorporating more well-being activities into their daily lives .
Alongside the MHP our voluntary counsellors continue to provide an exceptional service to our residents and we are able to see a noticeable difference in those who access the comprehensive mental health support provided by Cambridge Cyrenians.
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John came to us from Prison; he was a persistent and problematic offender and placed under Integrated Offender Management and Probation. John started with us at the Jubilee Project our 10 bed ex-offenders accommodation.
The Mental Health Practitioner worked intensively with John who was open about his long term mental health struggles after losing his father 4 years ago. Struggling to cope with this loss he attempted to take his own life, resulting in an inpatient admission at a mental health hospital.
During his last custodial sentence John engaged with therapy and recognised he had suffered complex childhood trauma. Since his prison release John’s determination is evident, although the volatility to his mental health symptoms remain, John is making every effort to engage with services to better support and understand his mental health. John moved on into our move-on accommodation where he continued to excel, even completing a business course. John has recently moved into a training flat, with support continuing from our Mental Health Practitioner.
Since this move, he been able to play a more active role with his children, something he reports has only been a dream for the last few years. John also utilised our well-being fund to get himself back into the gym on a regular basis, which he now self-funds. He’s finally off Probation, something he’s very proud of. Now having gained an A band for social housing he is looking forward to full independence and home of his own.
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Our volunteers enrich the lives of our residents by providing extra, practical support and further staffed hours. The live-in volunteers immerse themselves into our households and assist our residents with tasks such as learning to cook, maintaining the property and providing another listening ear.
In addition to our live-in volunteers, Cambridge Cyrenians are able to offer a free counselling service with newly qualified counsellors volunteering their time under the guidance of our Mental Health Practitioner. We also hold a small team of part-time volunteers who assist with befriending and helping at our allotment, and not to forget our committed Board of Trustees providing essential guidance and governance for the charity.
This year, we were joined by 4 international volunteers who quickly learnt the tools necessary to support those living through homelessness. By building rapport with our residents, our volunteers are able to gather further understanding about their circumstances by holding discussions in the comfort of their own home.
In our Long Stay Older Homeless property, the benefit of volunteers is noticeable in the immense difference it makes for the residents. For Peter, one of the most enjoyable prospects of new volunteers is taking them to the River Cam to feed the wildlife or baking cakes for the household together.
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The coming year sees Cambridge Cyrenians alongside our partner agencies building on the success of the Streets to Homes service. We should see the introduction of two additional houses in South Cambridgeshire providing accommodation options out of Cambridge for our residents who want and will benefit from being away from the city. The planned return of one of our long term properties on Carlyle Road will allow us to concentrate our services on the more successful model of smaller shared houses that feel like homes not hostels.
Our mental health service, Brighter Futures is fully funded for the next four years and the generous funding from Henry Smith Charity securing the Older Homeless Service for the next three years. We look forward to concentrating on more sustainable long term funding for our Meaningful Activities Service and Therapeutic Allotment Project. In addition to this we hope to realise our desire to launch our Lived Experience LEAP Apprenticeship Scheme.
Surviving the year ahead will undoubtedly have its challenges and supporting our residents to weather the cost of living crisis will surely put a strain on them and the staff team. But we are confident that Cambridge Cyrenians and its faithful team of staff and volunteers will be able to rise to whatever challenges we are faced with.
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2022/23 2021/22
Income £ £
Donations and Legacies 19,863 54,305
Net Rental Income 923,850 860,998
County Council Grants 239,053 222,795
Grants from Trusts 154,993 47,785
Cambridge City Council Homelessness Grant 2,462
Sundry Income 16,834 35,573
Investment Income 1,489 2,664
Total Income 1,356,021 1,226,582
Expenditure
Costs of Raising Funds 17,762 30,797
Expenditure on Charitable Activities 1,378,408 1,213,446
Total Expenditure 1,396,170 1,244,243
Net Movement in Funds (40,149) (17,661)
Total Funds Brought Forward 697,919 715,580
Total Funds Carried Forward 657,770 697,919
Balance Sheet
Fixed Assets 442,665 461,882
Net Current Assets 215,105 236,037
Total Assets Less Current Liabilities 657,770 679,919
represented by:
Restricted Reserves 64,594 96,175
Designated Reserves 407,367 415,975
Unrestricted Reserves 185,809 185,769
Total Capital and Reserves 657,770 697,919
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Rental income
County Council grants
Grants from trusts
Sundry income
Donations and legacies
Staff salaries and wages Office and admin
Rent payable Staff training and events
Council tax and utilities
Food and household Fundraising consultants
Equipment and maintenance
Property maintenance
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Cambridge Cyrenians would like to thank all trustees, staff, and volunteers for their hard work during the year:
James Martin - Director Min-Hui Bird - Finance Manager Emma Hooton - Head of Services Kristian Claxton - Services Manager Rikke Jensen - Services Manager Shanice Jones – Volunteer and Resident Activities Manager
Louisa Hallisey - Mental Health Practitioner Eoin Browne - Mental Health Practitioner Victoria Howell - Property Administrator Sheila Smith - Property Administrator Aleta Shibu - Finance Assistant Alison Greene - Finance Assistant Elitza Zarcheva - Project Worker Amy Foster - Project Worker
Kate Duckett - Project Worker Lizzy Martin - Project Worker Beatrice Kennard - Project Worker Katherine Rodgers - Project Worker Rachel Savage - Project Worker Alan Warner - Project Worker Hebe Rudder-Logan - Project Worker Kevin Walshe - Project Worker Lucile Simonin - Project Worker Clare Bruge - Project Worker Lucine Harrison - Older Homeless Project Worker
Val Oliver - Older Homeless Project Worker Ruth Wood - Allotment Co-ordinator Mick Crossley - Maintenance Operative Frank Kohak - Maintenance Operative
Sarah Coates—Chair (from 26.05.22) Neil Offley— Chair (until 27.04.22) Serin Dabb—Trustee (until 22.02.23) Dave Glover—Trustee (until 20.05.22) Oli Daffarn—Trustee (from 27.10.22)
Jonathan Manning—Trustee (until 27.10.23) Harriet Truscott—Trustee (until 22.02.23) Alyse Roberts—Trustee Mariella Giancola—Trustee Richard Robertson—Treasurer Nicholas Sheppard—Trustee
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Cambridgeshire County Council South Cambridgeshire District Council Cambridge City Council Nationwide Community Grants Good Gifts Catalogue The National Lottery Community Fund The Evelyn Trust The Henry Smith Charity Cambridgeshire Community Foundation The Barnabus Oley Trust The Cole Charitable Trust The Talisman Charitable Trust
HTS Estates Pye Foundation The Strangward Trust Garfield Weston Foundation Fine and Country D'Oyly Carte Charitable Trust 29th May 1961 Charitable Trust Albert Hunt Trust CamCRAG R Boland Education Services 2010
Cambridge City Council Cambridge Housing Society Peabody Trust The Dawe Trust Metropolitan Thames Valley Housing Chorus Homes - Places for People
Hannah Bediako Emma Richter Kevin Majewski Till Meyer-Jark Prince Sharma
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Cambridge Cyrenians 3 Signet Court Cambridge CB5 8LA Registered Charity Number 261994 Company Number 992199
Tel: 01223 712501 Email: office@cambridgecyrenians.org.uk Web: www.cambridgecyrenians.org.uk @CamCyrenians @CambridgeCyrenians @the_allotmentproject
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Report of the Board of Trustees and Financial Statements for the year ended 31 st March 2023 Cambridge Cyrenians Limited Cambridge Cyrenlans Limtted is a charltable Company limtled by guarantee Index to the Financial Statements Pag6 Legal and Administrative Information R9POrt of the Board of Trustees Report of th8 Auditors Ststement of Finanaal Activits8S Balance Sheet 10 Statement of Cash Flows Nol8s forming part of the Finarrial Ststements 12-17
Cambrldge Cyrenlans Llmlted (Llmlted By Guarantoè Report of the Board of Trustèes for the ar ended 31st March 2023 Th8 Board present their report and audf(8d financial statements for the year Cambridge Cyrenians Limited is a charitable company limited by guaranteè and is a charity r8gistered with the Charities Commisson. REFERENCE AND ADMINISTRATIVE INFORMATION COMPANY NAME: Cambridge Cyrenians knmhed COMPANY NUMBER: 992199 {England & Wales) REGISTERED CHARITY NUMBER.. 261994 PRINCIPAL OFFICE and REGISTERED OFFICE.. 3 Signet Court Swanns Road Carn1dge CBS 8LA DIRECTORS AND TRUSTEES - THE BOARD OF TRusfEES S Coates R Robertson S Dabb D.Glover J Manning N.OMey A.Roberts N Sh8ppard Truscott Giancola J Daffram Chair Treasurer (resigned 22 2 2023) (resgned 20 5 20221 (resigned 27 10 20221 (resigned 27 5 20221 {resgn8d 22 2 20231 (appointed 27 10 20221 COMPANY SECRETARY: James Martin The day lo day management of the chaty is ddegated by Ihe Board of TnJs180s lo JarNe$ Martin. AUDITORS: Prentis & Co LLP Chartered Accountants & Strdttjtory Auditors 11 Sc Mitton R08d Cambridge CB4 1XE Page 1
Cambridg• Cyrenlans Llmited {Llmltgd By Guarnntee) Report of the Boarfl of Trustees for the ygar and8d 31st March 2023 The TrLtslees present their annual reFQrt and audited financial slatemerts for the year endad 31 March 2023 which are also prgpared lo meet the requiremenls for a directorf report and accounts for Companies Act purposes. The financial statements comply yth the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and Accofjnting and Rewrting by Charities.. Statement of Recommènded Practice applicable lo Charit$ preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK Re[b(l¢ of Ireland IFRS102) lupdaled October 2019, effective 1 January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Gov¢rnlng DoGum•nt Cambridgo Cyrenians Limited is a charitate company limtted by guarantee and Is a registered charity governed by ils Memorandum and Ar1icles of Associaiton. In the event of the charity belng wound up members are fequired lo contribute an afflount not exceeding £1. Recruitmont and Appointment of Tte85 The directors of the charltable company {Ihe chariv) are its truslèes referred to in the govèrning document as the Council of Management, but referred to Ihroughout this document as the Board of Trustees. Under the requlrements of the Mernorandum and Articles of Assoryalion the members of the Board arè elected to serve for a period of three years after s¥hKh they must be r8-8lecled at th8 next Annual Genefal Mgeling. Only persons vtho are members of the charity are eligible lo be elected as members of th8 Board of Trustees. Trustee Inductlon and Tralnlng New Trustees ar8 pfovKled Initial inducbon into the activities of the charity by fellow Tru81ees and the Company Secretary. They are provided wlh a sel of important documents including Memorandum and Articles of Assoc(ation. lalesl financial ststements and management accounts duriro their induction. Training is provided for all Trustees. Organlsational Structure Carnbridge Cyrenians is controlled by ils Trustees who meet al le28t every three months. A manager is aptK)inted by the Board of Trustees to manage the day-to-day operations of the charity. Rlsk Managoment The Board of Trustees conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established lo mitigate the risks the charity face5. These procedures are reviewed perh)dically to ensure that they continue lo meet the needs of the charity- Partner Landlord$ Cambridge Cyreniang leases propefty from a number of landlords, induding.. Cambrid9e City Counry5, Cambridge Housing Society. CatalyEI Housing Limited, The Dawe Trust and several private landlords. Cambridge Cyrenians also has a Management Agreement with Metropolllan Housing Trust for the management of one other property. The accounts of Housing Assoctab'on owned prOpertS may be induded in the accounts of the charity as well as those of the Housing Assoaation. Page 2
Cambftdge Cyrènlans Umlled (Llmried By Guarant8el Report of thg Board ofTrustees- witlnu•d for th¥ Jyar onded 31st Mar¢h 2023 REMUNERATION POLICY Cambridge Cyren1 o)mmitted to wsuring that staff are paid In a transparent. f&r and consistènt manner, hamny ward io boL oarity mad(8t coisQerdtions. and the ability of Cambrfdge Cyrenians itsdf to pay. Thls Is so Cambr5dgg Cyrenians can atra¢t and rètan pIe with b49 rvJht skills and th8fefor8 have the greatest impad in denrj our obi8cbv. Cambridge CyTenians o)mpares w.lh other organisatitins ¥thIn the support sgctor. ana morè spgcifirnlly against those organisabons whlth ar8 in direct npoIson when r( cjynes lo Ihè recwitrngnt ol high calibr8 St8ff. In 8wrdance with thè SORP we". - dlsclose all payrnents lo tnstees IrK) trust are paid) an¢J experK%es rdmbursed Inole 13 to the accounts) - di5dose the numbarol staff in rwAipt of £60.000 and ats)ve (no $taff are paid nvxe than E60.0001 . dlsclose pensltsns and other benefits lTh)ts 2 to the a(¥Unts). OBJECTIVES AND ACTWMES Tne objects of the tharity a the relief ol eTly. $i(*ness and old age and in partbjlar Ihp rgllaf of homeless persons who arè in need and wuire as51Stanc8 in ath6ving 8 mr6 setued way ol lila. Thi5 is dorye by providing supportÉd housing for 103 inQNieual Men and women in small, residential, oxjmmunlty ktU5es which respond io the rwds of )MelesS peor)le. C8tnbridg& Cyrenian5 alao orovides additional support to thosè who are home'Rs5. or v, lnerab kK)rndes5V.85s because ol Lrtelr mental hèalth, or old age. 8y belng Ne>3bl8 and innovative Carr.bridge Cyyén ar.s is able to respond to the ch8nglrKJ n8Éds of homeles5 people. The objectives lor thls year wèrè to (yjntinue and devek)p tha suppcwted aCMmOdat)n subject to $8tisfactoryfunding arrangem6nl3. The specffic objectiV8s for thls rWe to address the key piiorib•S se¢ out in the Bus%n8ss PLan, indudlng.. . Secure new <rffice space for the exp8,Ing staffteam . SwJr8 (xjntinued fundiru for our ader Homdess Fthtiryd Support Service Ddiver th8 exlsting Business . E4Dand our swdenl placemènt programme. We have ferrett to the guidanc$ contained in the Chartty Commission's ggra1 guldance on publlc berit when reviwang oLr airns and obiactives. The rn8in strategy used for aChi1rj the obithès wer8 to maintain 8 dose working relationship wth Cambrldga City Council, Catnbddgesbire County Counal, and other partrtér agenoes and funders. The rrosl 51gnificant faLlor contributed to the achIevernt of the obJ•afves was thè full cornmitment ol siaff, volunteers and TDJstees. The ch8rily benefits trom vdunt8ars who sUT)port the thaity and it5 work In a variety ofways. These nclud8 ftJll-fj"me, live-in volunteers who are r8sponsibl8 for the day to tjay rufjniig OF three o.: the house5, .Id then there are those who support the oryani5aLiOn on a pal-bme basis, providing adrninlstrative and lundrdislng sdpport, and who's hdp is .nvalu8bte. ACHIEVEMENTS. PERFORMAtr4CE PV8uc eENEFrr The main arbas of charitable activity are th8 provisK)n of suppofvj aGwrr.mDdatnn for single, homele55 peoplg in Cambridge, staffing thèse wth rg5idcntia volur.teers support8d by 5a'.aried staff. Thls area of activity is of signnltranl pjbI bénefit lo both those iidNidua'.ly asskgted and tho whder communlty. During the year we.. Sewred funding lo deliver Ihe Streets to Hornes Servi¢e Opened our Second Housing First property providing h(yJslng managernent wvlces in conjunetkjn with su'pport wovided by Cambicseshire County Coun(x:'s Housing Firs: pro'.8d. Compted thé cx)nversion to residential use of oJr old offic8s at 4 Sh)rt s.reet S6oJreiJ fupijing for our In-house Oldèr Homel8s5 Floating Support serwce forthe next 3 years Page 3
Cambrfdge Cyr•nlans Llrnltod (Umltad By Guarant•el Report of the Board of Truslees- contlnued for the efided 31st March 2023 FINANCIAL REMEW Th8 Board ol Tru8lee8 nSider that the re5utts for th8 year {Mnd the o)mparativg f¥Jures for the previous yearl and financial posluon a sab'slactory. The Statement o-. Fin8ncial A(vItIeS (SOFA} shows a surp.'usforthe year of £40 on the unrestiicled funds before addlng b2d( ex$ funds from thg dgnated res&ve5. On the restricij funds Ih8r8 was an exc&86 of exp8nditur• over income of £31.$81 derTrJrthlng fJrth8r spÈr,diThJ ourol funding r.., ed In athIanc. The c85h balance of th8 charity 8t 31 Mard) 2023 was £196,979 vthith vras £27.466 1.Mrthan at the b8ginn ng of the year. Net Current assets fdl by £20,932 ijuring year larg8ty b8C8us8 of the spendllry out of restricied funds recaved in advan. PRINCIPAL SOURCES OF FUNDS The m8in sources of fundifig are rents. Housing Benefft and HOng Related Support grant for tr.e supportéd accommodauon. Th&s8 actlvities ar9 further 5UPFM)rted ty fv.ndraising and by grants fro otier oryanisatlons and individuals. These Ipclude Cambddgeshire County Coun&,. Camtyldge a'ky Cour.ryl, South Cambridgeshir8 Distrtct Coundl, Good Gits Catalogue, Tne Lottèry Communty Fund, Carrbr.dg85hirè Community Foundation, Pennlrytons Manchgs Coopw, Th8 CO Chartable TrJst. Clwe G)',18Ge. Fine and County Foundaton. HTS Estates. 8amabus Obey Trust, D'oyle Carte Charitable Tr. Westoi Foundation. Evelyn Trust. N8tiDnwide Community Fund, Talisman ChaitaDle TnJ5t. 29th IAay 1%1 Charitth¥ Twst, Al Hunt Trust and the Srnith Charfty. INVESTMENT POUCY Any investments mada by tho tharfty are the responsibility of the 808rd of Truste88. hrng taken suitsbI8 8dviee. Crrentty no sP8cthe invesbnents are hdd and surplLfS cash Is held in th8 short term and deposited in suitable. high interest. deposit accounts. RESERVES POUCY The Board has a policy of r8vwAng thè unraslricted of the tharity to su they 8r8 adequate for the risks to whl¢h Ihe chaty is exposd, It has been agr88d tr.at the unrestricted res6rves shoula be a mln'mum of thrèa months total expenditure, whith. eqdates to £343k. At this Ve1 tre Board fe81s that the charity would be able to meet ils wrr.mllrnenis kn the running of its prolecis as well as its obligations to its employ8es ev8n in thè event of a Snlnt reduction In funding. Unrestricted funds arnounting io £408k havè baen dèsKJnated as fundiry the offio prni88$. fils Kdl,. reauce each year In Ilne wlth the provision for depreaation. AF 31 March 2023 undesonated ur,rgstricted reserves amounted lo £186k which is some £157k bebw the minirnum iarget but il is anticip9t the target 11 b8 re8thed by March 2027. Grants have b88n recelved lor reslricw purtyJse5 during the y8ar and datlS are given in note 12. FUNDRAISING POLICY The th3r,ly Ik)e5 nol activeSyffjndrais8 from the public. arthough it is ahYayE happy to receiva donations. The ma ority of donations and grants ar8 soaght ffom ppJblic knjies, twsts. chwiiable oryanisations and companies. The Charity uses a Profesonal funcrwsing consutiafjt to assist in app5w.ng for funds. The charity mnitors all fundraising Carried out. it Cof0r$ to (nise0 standards and has rFDI receivod any complalnts. As tho CarIty doe5 -.tyi Oper sdiryl fd4ds from the general pubilc It unllkely to recwve d[atjns from vulner8bl6 PpIe, tr¥Ji it i8 a%Yare of rfs otAigatb)ns. PLANS FOR FUTURE PERIODS Tle charity plans to continu8 to provide the supwrt housir.g servi which is at ts subject lo securing sufficient funding. More speofically Cabrds Cyrelians intends to.. Support th8 impact ol the (J)S1 of Iwing (xsi5 on the homdess in Cambridge . Secure propotEes in South Cambridgeshire i lirne th8 Stmts to Hornes ntraCt Devdop the new initiativ85 knr s¥vi and 1nfra8tnJu as deta51 in our bu8inèss plan Page 4
Cambrldgg Cyronlang Llmlted (Limlted by Gu¥rdntee) Réport of the Board of Trustees - continugd forthe year ended 31st March 2023 RESPONSIBILITIES OF THE BOARD OF TRUSTEES The ¢harity trustees (vtho are also the directors of caMlge CenranS knmited fw the purposes of company lawl ara respDnsible for preparlng a trusteEs' annual report and financial slatements in a¢¢ordan¢e wllh applicable law and Unllgd Kingdom Accounbng Standards {Unlled Klngjom Generally Aepted ACCOUnng Practice). Company law roquires the Gharity trustees to prepare flnanual statements for each star whkh ge a true and fair vlew of the slate of affalrs of tho charitable Gompany and of the irKoming resources and appllcalion of resources,1nduding the income and expendilura for that period. In preparirvJ the financial statements, the trustees We requi16d to.. select sultable accounting policies and then appty them conststentty., observe th8 method$ and principles in the Charttses SORP.. make judgements and estimates that are reasonable and prudent state whether applicabk UK accounting Standards have been fdEowed. Sub to any materfal departures dlsclosed and exF4ained in the als1 statements.. prepare Ihe finandal statsments on the gcing nCeM basts unless it i8 inapproprkte to presume that the charity WIII CDnlinu8 Sn txJsines$ Tho Iru5tees are responsible for kegpiro Prop accounling rec(dS that Ifisclose wlth rea80nabte accuracy at any lime thè flnanLaal position of the charity and lo enabte them to ensure that tho financi statements complywlh thè Companles Act 2rK)6. They are aigo responsible for safwwarding the assets of the ch8rity and henc8 tsking reasonable Steps for the weventKJn arhj detection of fraud ar othw irreoutarllles. Mèmbers of th6 Board of Trustegs Mernbers of the Brd. are directors the purpose of compary law and fm5188s for the PLtrpos6s of charity law. Those served during the year and up to the date of thts report are set out on page 1. STATEKtENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS The M¢mbgrs of the Board of Trustees of the Charity who hetd Off al the date of approval of Ihls annual report confirm that: So far as we are aware. there Is no rdevant audit informatbjn needed by ihe Charltls auditors in conneGtv)n wlth weparing their reporL of whh the Chariils auditors are unaware: and They have taken all th8 steps Ihal Y ought to have taken as members of the Board of Twslees Sn order lo make T$eS awarè of any r8levanl audll information arKI to èst2Nlsh that the Charitys audilars are awdre of that infomatlon. AUDrroRS Th,e auditors, Prenls & Co LLP. wll proFM)s&l for re-apFX)intment In aw)rdance Section 458 of the Companies Act 2006. The Rgport of the Boa.rd of Ttustoes has b68n prop8red in 8ccordan¢o wlh the specral provlsions of Part Vll of the Companles Act 2006 reEating lo Sm1 (mpanieS. ON BEHALF OF THE BOARD OF TRUSTEES: Secreta James Martin DBled.. 744 &t3 Page 5
Cambridge cyr1•n5 Umltsd (Llmltèd ty Guarant•el Indèp8ntsnt Audltors. Rèport lo the Members of Cambrldge Cyr•nlans Umltod for the yeaT end•d 31st M8r¢h 2023 Oplnlon We have audit& th& financial stslemonls Df Carnbrtdge Cyrenians knmlted for thg yearendgd 31st March 2023 whlch comprfso Stalgm8nl of Fillanclal Activities, Balance Sheet, Cash stsent and notes to the ftnancial statements, Includlry a sumtnary of 5ignifi¢anl a¢¢ounting pdlde& The finala1 reporting framewtyk that h88 en applied in their prèparation Is applicable law ar United Klrodom Accowting StaThJards. indudiNJ Flnancial Reporting Staridords 102.. Th& FinancSal Reporting Standard appllcable in the UK and Republk of Ireland (United Kingdorn Genwalty ApIed A¢countirvJ Practice). In our opinion, th8 nnandal stslements: givè a true and fair view of the stst8 of the ChaNirfs affalrs as at 31st Marth 2023 and of its Incorning r8sourc88 and appllcation of resources Icf th$ year then ended- have been prop8rfy prepar8d In accordance unst Kirydon Generdlty ArLepled A1nn Practice., have be8n prepai¢d in acujrdance tho requlrements of Ihe Companlès Act 2006. Ba$ls of Oplnlon W& conduct¢d our audit in accordance 9th Iniemational Standards AudtiirKJ {UKI IISAS IUKII and applicable law. O r8sponsibilieS undar those standards are ftjrther in the Audilorfs responsibiliU&s lor the audit of th8 finandal statements section of our rgprt We are indgpendenl of thè Charity in a¢c(xdanc8 *ilh ethical requlremenls that are relevart to our audit of the flnancial Stst8Mt8 in the UK, Indudiry FRC'S Ethi11 starard, and w8 have fulfilled our other ethical rèsponsibilid&s in accordance wilh requirements. We beliave that the audlt evidencg havo obtaing is sufficiant and appropriale lo provide a basis fOrr opini. Concluslons rnlallng to golng Cortcèrn In oudiling the financial statements, we have conduded that th8 trusiee's use of Ihe gdng basls of awounting In the pwparalion of the financial ststemenls is appropriate. Based on the wcxk we wtormed, have not idontified any matertal urKertainties relallng to events or condlty'ons that, lTrJividually or Collb¥elY, may cast sKJnificant doubt on the ChoTity's abilty to ccntinug as a going concern for a perid of al least (wdve moth8 from when the financAal ststernts are authorised for issue. Our responsilmlibès and the rèspongbililies of the trustees th respe(a of goiThJ are desolbed in the rel8vant sections of this report. Othar Snforniation The trustees are rgsponsibl8 for the other irrfomation. The other infom)ètton oJmpTi56S the inlomiallon Included in th8 arUal raport other than th6 finanryal staternents and our Auditorfs report thw&"n. Our ¢)pini(m on the financial stst8menls does not covèr the other Information and, ex¢èpt lo the at otheTh%ise oxplirauy stated in our report, do not èxpress any ft>mi of assurance conduson Ihereon. In connedon th our audit of the financial statements, our responsibilty is to read other infomialion and, In doiro so, Gonsidèr thether the other infomiation is materially inconsistent wth thè flnarrial ststements or our knedge oblain&d In th8 audit or otherwise app8ars lo be Thaterially misstated. If we idtfy Such rllat¢rial inconsistencies or apparent material misslatemenls, we are required lo delermSne whelherthere Is a material misstatem1 in tha finanaal slalements or a matérial rni88tatsMent of the other infomiation. 11, based on th8 we have pgforned, we conclude that Ihefe is g material misstatement of this other Infonnation, Y are required to rept thatfacL We have noihing lo pOrt in thls regard. Opinlons on otr matter5 pr•scribed by the CoFnp8nl•s Act 2008 In our opinion, based on thè work urKlertoken in the rse of ihe audit the Inforrnalon given in the annual Teport for the finanrAal year for %thich tho finanaal stal8ments are prepared 1$ tSistenI with the financial statements,. and thè trusloes report h&$ been prepared In ac¢ordBnce 1th appIlble l&381 roquiremenls. Page 6
Cvrnbd CJr8nSans Llmll•il (Limknd by Guarant) Ind8pend&nt Audltgrs. Report to Ihg M¢mbgTS of C•nbridy Csronlans Lhnlted for t yea¥ endod 315t hlarch 2023 - contlnuBd Matter8 on whlch w8 aré r8qvlr8d to report by gxwlon In the Ilght of the knovA8dgè and tmd8rslanding oflhè Charlty and Tts wMent0bts1nj in the oJur5e of ts ast, hav8 TK>t idenllfied material misstatemts In Annual RwrL We have noth:'ng to r8port In r8$P8Ct of the lolknlng mati•rs In rdalknn kn %thich Ihe c(mnpans Aci ruIres U5 to reportto you If, in our oplnion.. adaquale accounting CordS have mt b88Th kept or rm6 •Jwuaie fOrwa[t hav8 rnlbe ved from branchg5 not wsit8d by us., . the flnanaal 5tatem8nts a nat h agreemtV1th tre rwds aTrJ r8bmS'. certaln dl6closurès of tDJstoes' mnall(> 5pedfi8d by laware t m.. ( we have mt obtained all the Infomauw. and explanatsons nacessary forlhe ofewalL Inslees were no". eniiied to prepare the f5nal18l stae[sts in aurdar,cE V+ith lh8 small (yjMpaB r89ime s1 take advantagoof thE sms11 L¥Jmpanlas oxetnpUon$ in preparir¥J the trustee's a5 from lh& rOqLif8mt to pr&p2re a strateglc report. Rosponslblllll88 of thè truslee8 As explaln8d more hjly In tho truste. résp)nsiNf.Ues stat8rnWt set Obi on page 5 the tAtea8 are resrenslble for the Èparation of the financi 5tatenents 8nd for linG $atsfil lha+ tb.ey swe a trJ8 apd fair wiew, and for5uth inlwnaS cAnlroS as tw deiermlnols necesw trj enatAg lh8 pre4)aralJon of fin8rK4al Statents that tree from rnaterial mlsst8t8ment. whalherduè io traLvI or error. In pr9parfng tha finan&al 51atemwts, the trustees are roSpN1&fDT assesslry Ih8 Chariils to rJJntinue as a gdrrfJ cortern. dtsc10ng. as applicabb. mattws r81aled to wng ¢xp.c8m and the L¥)trKm basL8 pfa)Unting unl8SS the trustees dth&r inter<1 to fiquidate the Ctradty or to ceasE opw3tiap8, or hav6 Ni reali8Uc .mava bul kn do so. Audltorg. rasp¢n$lbllltl85 forth8 wdlt of thB fiTranclal 8tqrnonts OUT obie¢tiv85 art to ODtaln reaso& aSr8nCe aLy)uiether the fina[81 sia18rn8nts as a tho1& are free from matrerial mlsstatemeN, vthetherduo to fud or grw, and D issue an Auditoes rewrtthat.'ndJdes our Opinn. ReaSDnatAè a88uraKe 15 a hlgh level of assurano, but li pot a gbaonlee an audit wvJud8d in aGwlancewitr. ISAS IUKI W.118knpdyS deteol a material tni5Stai&m8nt when It 8xists. MisstatW.8nls arise from tral or wror a malsfjl If, Indiwdually or In th8 aggregate. they muld reasonatrAy be 6xpeu8d io nflUenCe tre ecorth7 dec4Siors of U&8 tdken on the ba$ls of th88e finanu21 sialgm8nts. Irregatles. indudlro fraud. are instance5 of lance la arvj rESulab(. The Wmary respolln511Ity for tb8 prevenlon and delactlon of irregularfues fraEkl r8sts with both tr.e rnanagemwi knose Lwged governan of the t,arfty. Wo d&slgn8d wocedures In Ilne wiVI our respolbIlItie5. ouf.In Jove, iodeiect mat8rfal misststements In respect of Irr8gularibes. Inciudir¥ fraud. The gtr.. toYthir ow woce(knre5 a capabK8 of deiecng irE8gJlarilles. includlng fraud IB delled bdow. hav& consld8red tts natureol the iU8 sector, ntrol eNm9)t, law5 and reglatS and bwine$$ performancg, 01 charfty, Indudng its remunerdtion policAes. La arKi regulatkns iUdg. bulhwe not I11t& to, the CoMpanS Act 2000, FRS102, Chadty SORP aThJ UK taxats'on legition. We hava quIr with managTrt In regards to thw assessmentof trt risks of irrwJL4arth'es, IIlKIlg fra. W8 a150 anqulred of manag8m8ntand those charggd gov8rtrance as to any kr1) iftstances of or suspected nOn-mplI8ce wi. laws and regaOnS. We have obtained r818vanl docaATrentation and wr83entstion$ In Ord to fL¥m an on kyjtential Irregar18$. indudi fraud, We ¢onsideTed the op[rbjn1yeS and IntiVeS Ihalrnay eytslvAIM Ihe 0ryjanisan for fraud. Ba88d on this under5tandlng, we desigW spec4fic aLrt rMrKlures to ify listarKosof -t7[Alan with laws and rUlationS. Induding obtslnlnG addibonal corrobor8v8 8ider as Exampi8S of prd$ indud&d r8VIng lary8 and unusual trsa¢00nS, revithng larg8 upexpecteij ¥ap.an, N)umal wbfjes. and rwthng18gal corr85p)nd There ar8 Inhwwt limltations In ts audit d8SGDbaJ atA)ve. rntlea5ta5 saMpTra is Lrte.. Intemabonal Stsn(fard5 on Audiling, tharefore not all transactio.is ar8 rev1th. This means there L8 a risk wll notdetectall irr8gularfUes Indudiry ihDse leading lo a maleria,, mls$tatem8nt in the finanraal or r..-ClK¥ia ritiOns. The risk of not det8¢Ung material mk55tai8rnenl due to fraud is also h:"Gher an the risk of one froffl erw. as fraud may Ir1¥8 delibera18 concealmer.I by, for example, forg8ry. lolluon, omisgon. ar irrtenODpAI misrentatio. Page 7
Cambrldge Cytsnlans Umitsd Iumlted by Guarant••l Independant •ludltor8' R¥port to the Membern ot Cambr5dge CJryY&nlans Llmltod for the yr end•d 31st Marth 2023 - wittnu A further descripllon of our r88ponsibilities forthe audti of thè financial stsloments is locatèd on the Financial Reporting Council'8 webslts al.. .frC.0g.Uj3udllo1sr0SpOnSibll8s. This dption foms partof our R8PQrt of the Audilors. Use ofour roport Thls rèport Is madg solely to Ihe Chajtys member3, 88 8 body. in aCrda1 *lth Chaptsr 3 of Part 18 of tho Componies Act 2006. Our audit work has been undertaken that we rnwJht stats to the ChaTity's rn¢mbws thos& matters, ws arg requlred to stats to them in 8 Report oflhè Audltots and for other purpose. To the fullest exlent pemitted by law, we do not accept or 8ssum8 respon51bllity to anyone other than the Charfty's members 88 8 body. for our audit worfo, for this report, orfor tha oplnions wo have fomed. Ipley, Sanlor Statutory Auditor for and on bahall of Prenlls & Co LLP Chartared Accountants StsbJlory Audllor5 115c Milton Road Cambridg& CB4 1XE Page 8
Cambrldge Csry•rtt Umited (Llmitwj By Guvant•èl 8tatomont of Includlng Incrmne a1 Expendlturg Account for the yearended 31Jt March 2023 De¥gn&ted Rqthdad Fund8 Total Furtd8 Y&arsnded 31.3,2022 Funds Funda Furtd$ Yeare 31J2023 FLd5 Income frorn: Donatlon¥ #nd legaclès 15.863 19,863 14.106 4D,199 54,305 Charftablg OCtl¥Ette$'. Net r8lltal Income of housing projects CDunty Couneil grants for suwort ol raSidlS Gran15 from Trus1$ C8mbridg8 Cty Couqdl homd885nass orant Sundry Incom Grts COVID support Sundry Inc4)me- profil sale of vehiclè 923.850 923,850 880,998 239,053 154.933 860,998 222,795 47,785 2,462 35,S73 239,053 154,933 222.795 47,785 2.462 35.239 3.134 3,134 13,7(MJ 334 13,7(X) 937.550 397,120 1.334,670 898.699 270,914 1.169,813 Imi•stment income 2,664 2.664 Total Income 954,901 401.120 1.3S6,021 915.468 311,114 1.226,582 ndlture on: Costs ol ra8ing funts Expendiluro on Charitable Total ExndItUre 17.762 17.762 37,950 1,378.408 437.g50 1.3,170 30,797 829,680 30,797 1,213,446 958.220 860,477 383,766 1.244,243 Net mo¥em•nt In funds Transfer bètween fvnds {3.3191 (5.2491 (36,Wl 5,249 (40,1491 54,992 155,8251 (72.6531 55.825 117,6611 12 18,568) 8.PJ)B (8,6081 131,5B11 140,1491 {8341 118.8271 117,6611 Adjust surn designa18d ro office pretni5es 9.025 {9,0251 {8,e081 131.5811 {40,1491 8,191 Ig.0251 116,8271 117,681 Roconcillatlon of Funds.. Total Funds i¥tyJghl forward 1&5,769 415.975 96.175 697.919 177,578 425,000 113,002 715,580 Total Fund$ carrled forward 185,809 407,367 64594 65T,770 185,769 415,975 98,175 697,919 The statement of firancw lYe5 Indud85 dl gans and ts5es in the year. AJI iniyjne and eXpltUre dVed ar from conlinuiru actfvlti8S. The deficll for compani Act purpcBes was £40.14912021f22: £17.661} The notes on pag8s 12- 17 lomi part of thesefinaNal $taL(S Paje g
Cambridgè Cyrenians Limited {Limlted By Guarantee) Balance Sheet at 31st March 2023 31 Marc* 2023 31 March 2022 Notes FIXED ASSETS Tangible Fixed Assets Total Frxed Assets 442,665 461,882 461.882 442,665 CURRENT ASSETS Debtors Cash at Bank and in Hand Total Current Assets 57.299 196.979 254.278 70,924 224,445 295.369 16 CREDITORS: Arnounls falling due Mthin one year 10 3Y,173 59.332 NET CURRENT ASSETS 215,105 NET ASSETS 657.770 697,919 THE FUNDS OF THE CHARrrY 12 Unreslrtcted Funds UndAsignated Deslgnated 185.809 407,367 593.176 185,769 415,975 601,744 Reslricled Funds 64,594 ,175 TOTAL CHARITY FUNDS 657,770 697.919 The accounts have been prepared in accordance wth the Provisions of the Companies Act 2006 applicable to Charit subject to the small companies regime. Approved by th8 Board of Trustees on ?K fy/ L i p Il Signed on behalf of the Board of Trustees obertson FCA TreaSur The notes on pages 12 - 17 fomi part of these ffinanci ststements Page 10
Cambridg8 Cyrénians Llmlted {Limited By Guarantee) Statèment of Cash Flow5 for the year endgd 31$¢ March 2023 Year ended 31.3.2023 Year end 31.3.2022 Note5 Cash flow from operating acttvilies 15 26,113 21.830 Cash flows frorll Investing activllles: Interest incorne Puf¢hase of tangible fixed assets 1,489 (2.901 } 2,664 (1,675) Nel cash provi(ied byl(used inl investsng acbvitl&s 1.413 449,011 IDecreaselllncreas& In Cash and Cash Equwalents In Year Cash and Cash Equivalerts at Beginning of Year (27,5251 470,841 224.444 695,285 Cash and Cash Equivalents at End of Year 16 196,919 224,444 Page11
Cambrldgo Cyrenians Umited (Llmited By Guarantee) Notfjs fOnIng part of the Financlal Statements forthe year endod 31st March 2023 ACCOUNTING POLICIES Cambridge CyTenians Mited is a charitable Company limited by guaranl8e. The acLounting poliGies are listed below and have been apled consistenUy througnoui the year and in the praceding period. {al Basis of accounting The financial statements have been prepared in accordancE wtth Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charittès preparing their accounts in accordance with tho Financial Reporting Standard applicable in the UK and Republ of Irdand (FRS 1021 (issued October 2019, Bffecllve 1st January 2019}- (Charities SORP IFRS 10211, the Finanal R6porting Standard appllcable in the UK and Republicof Ireland (FRS 1021 and the Companies Act 2006. Cambrldgo Cyrenlans Limited meets the definition of a pvbil¢ benefit 8nb.ty uder FRS 102. Assèts and liabilili8s are Initially recogni8ed at historical cost or transact(on value unless Dtherwse staled in th8 relevant accounting poll¢y noÈe(s)- The trustees consider that there are Th) material uncertainties about the charitys ability lo continue as a going concern. Ib) Fund a¢countlng Reslricled funds are subject lo the Ilmtiatlons on their us8 swxfied by the donors or othgr provitjers. Unrestricted funds are available for use at the discretion of the TnJslee$ in furtherance of thè general objectives of th8 charty. {¢) Incomg All income is included in the 5talemonl of financial activities when the charity is entitled to the income and the amount Can be quantffied with reasonable accuracy. The followng 5pecrfic policies are applied lo parttcular categories of income.. Voluntary in¢ome is received by way of grants, donations and grfts and is included in fijll irn the Statement of Financial Activrfties when receivable. The value of services provided by volunleors has not been include(1 in these aunts. Investmanl income Is induded when r1Vae. Incoming resources from charitable activity are accounted for when earned. {dl Expenditura Expenditure is recognised on an accrual basi5 as a liabiltiy is incurred. Expenditur8 includes VAT which cannot be fully recovered and is reported as part of the expendiluw lo which il relates. Costs of generating funds comwi5e the costs aSsoated with attracting voluntary income. Gharilable expenditure comprises those costs incurred by the charity IN the delivery of ils activities and Services for its beneficiarie$. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include Ih05e costs associaled wth meeting the (xjnstiknlional and flnanclal stalulory requirements of the charity and indude the audf( fees and the costs of preparation of statements. All costs are allocated between expenditure categories on a basis designed to reflect the use of the resource. Costs relallng lo a particular activity are allocated direcdy, others are apportiorned on the the basis of staff time spent oll the acb'vity. Page 12
Cambrldge Cyrenlans Limrted (Llmitad By Guarantoel Not8s. contlnued. formlng part of the Flnancial Statements for the year •nded 31st March 2023 1. ACCOUNTING POLICIES {contlnuedl 101 Fixèd Assets The charity has a policy of wrlting off any capital items whlth cost less than £3,OW. The nare of the charivs aclSvities means such iteffls have an average useful lrfe of less Ihan one year. Depreclabon is promded on all 18n9ible fixed assets at rates calculated ID Vrrite off the costs18SS &stimated residual v81ue of eath asset over its eXpd useful life as follows". Equipment 25°k straight line basls Soare 10% straight line basis Vehicles 25% straight line basis Office Bui5dlng 2% strdight Ilne baS Ifj Oporating Leases Rentals applicable to operating lease5, where substsntially all the bwfits and risks of ownership remair) with 1h81ossor, are charged 8gainst Incon as incuffed. Ig} Dabtors Trade debtors and other debtors are renised at their setUent amount duè after any dixounts. Prepayments ar8 valued at the amount prepaid net of 8ny trade discount due. Ihl Credltors Credllors and provlsions are rec(gnis8d where the charfty has a present obligation resultiny trom a past event that w511 probably rosult in the transfer of fJnds to a third party and the amount duè to setU8 the obligauon can be measured or estimatsd reliably. Credlt¢xs and provi&ons are nomally racognised al thair settlement amount after allowing for any trade discounts due. 2. STAFF COSTS AND NUM8ERS Wa es and al8ries Salaries Employer'5 Soclal Se¢urity Employels Penc Costs 31.3.2023 31.3.2022 555.238 48.717 27,741 505,834 38,744 25,941 631.896 570,519 The average weekly number of employaes durfng the year wa5 as fo11¢y.. Project Staff Administration Staff 19 18 24 22 No employe8 has eamed more than £60,000 per annum in the 2022123 or 2021122 flnancial years. The kay managemènt are the trustees who ar8 nol remuner81ed. together With the Manager and Deputy Manager whos8 aggregate remuneration amDuntpJJ to £108.499 12021r22'. £101,73tI 3. PENSION SCHEMES The Company contributes to defined contribulion pension schemes for each employee who wishes to estsblish such a scheme. The assets of the scheme are held sèparately ffom those of the charity in independently adrllinislered funds. There wor8 no rA)nlributions outstanding al tho year end. 4. NET INCOMING RESOURCES FOR THE YEAR 31.3.2023 31.3.2022 The Dperating surplus is stated alter charging.. Audilorfs remunerats.on for. audit services other ServIS 4,383 3.203 4,025 2,954 Page 13
Cambrfdge Cyrgnlans Umited {Umltsd By Guarantee) Notos, contlnued. forming part oftho Finatal Statsmants for the year•rKl•d 31st March 2023 * EXPENDITURE 31.03.2023 Total 31.3.2022 Total Costs dlr•ctly allouted to a¢tlvltl•s Staff salaries & wages Trainlng, travel etc Rent payable Coundl tax & ulilttI&s Food Equipment malnlenance and rèntals Equlpment & V8hide Deprriatlon V8hlcle Running SIS Property Tllainlenance and repalrs Household & Dir8¢t Costs Soclal and Wélfare 184.098 385.429 1.824 5,285 287,524 116,845 33,195 569,527 7,110 287.524 117,023 33,195 1S7.801 352.788 510,589 2,W2 4,987 6,969 262.427 262,427 112,149 112,235 33,556 33.556 178 68.299 53,328 270 53.328 785 2,596 8.925 214 9,919 214 515 2.596 36,232 39,666 12.423 1.163 36.232 52.089 1.163 32.891 39.152 12,592 562 32,891 51,744 Goveman¢• costs Audit fees 3,813 570 4.383 3,744 282 4,025 Support ¢osts all¢K*¢d to actmtles Génawl affice and finance stsff 4,860 FundraIr@ wn$ulLants 12,902 General admlnlstration PTemis8S Insurance SofLware support & depreaation Racruibnenl, IrainlrrJ and tryvgl 70.637 10.&55 86.052 12,902 70,472 19.297 11.500 55,518 4.179 78,994 11,500 40,172 9,289 5,133 20,410 7.018 61.311 7.533 2.889 15,695 8,740 9.161 1,126 432 2.345 37,360 8,639 4,773 18.981 6,526 2,812 65 359 1,429 491 3,321 18,tJ40 10.040 Total resource¥ ¢xpendgd 17.762 940.458 437,949 1,396,170 30,797 829,680 383,766 1.244,243 6. INVESTMENT INCOME 31.3.223 31.3.2022 Deposit account Intsrest 1,489 2,664 7. TAXATION As a charity Cambridge Cyrenlans is exempt tsx Irts)me and gains falllng within section 505 of tha Taxes Act 1988 or s256 of the T8xation of chargeab Gains Aot 1992 tts th8 extent that these ar6 8pptR3d to its d)adtable objects. No tsx charges have 8rf8èn in the Charity. Pag&14
Carrljrtdge Cyrgnlans Limhd (Llmiièd By Guaranlee) Not•s. COnned, for1ng part of the Flnanclal statsnnts lor th• y•ar andod 3181 March 2023 TA14GIBLE FIXED ASSETS 2022123 Building Equ1WnI Vehicles Total BalanL brought fowrd Adcitions Olsposals Balancé Carried foThvard DepsatIon DepreatIOn broughtfoNYard Pfovidgd in yea". Dlsptssals in year 08prgdatton carrEed fur Not bsx>k valué at31 Mah 2023 415.gY5 42.856 2.gJ1 5,893 26.750 50.785 536,346 2,901 21,018 518.229 15. 3S,7(KI 41ti,915 26,750 228 8,319 19.658 2,256 15,579 8,925 15,065 9,439 2.558 22,058 20,9&4 T5,564 8,547 ,864 21,914 407,367 42C 4.836 26.261 442,665 2021122 8.dildiTrJ EqUIpnnI Vèhiclas Totsl Salance Ixoughl for¥rdrd Additions Di8p05als aalall carrfed forward D•predatlon Depre¢iatiDn brought foThvard Provldad in year Disposals in ygar Depr8U8tK)n (rrfed foThvt¥d Not book vu• at 31 March 2022 26.750 15,065 35.700 90,855 451,675 6,184 536.346 415,975 6,184) 42 856 415,975 26,750 50,765 43,3 1,833 6,184 16.980 15,064 515 75,394 5,254 228 19,658 15,579 35.186 74,464 415.747 3.857 461,882 9. DEBTORS 31.3.2023 31.3.2022 TrJd¢ debtOfS- rents re¢eivabte Other debtors and preCallent5 20,763 36.536 57,299 17,252 70,923 10. CREOITORS.. AhlOUNTS FALUNG DUE wrrHIN ONE YEAR 31.3.2023 31.3.2022 Other orS and ar18 39,173 59.332 11a. ANALYSIS OF NET ASss BErEEN FUNDS- 31th Mah 2023 The nèt assets 01 the ntricted and res!rEIXt funds 8re 85 folk Unre5trfctod Restrlctsd Furtds Funds Total Funds Flxèd As58t5 Cu.Tonl Assets Current Liabilits"ès 416.404 215,945 139.1731 593,176 26.261 38,333 442,665 254,278 139,1731 657,770 Net a55*ts at 31 March 2023 64.594 11b. ANALYSIS OF NET ASSETS BETWEEN FUNDS- 31st March 2022 Unrestrl¢ted Restrl¢tad Funds Funds Total Funds Fixed Aat$ Current Assets Cuent Liabilittes 426.696 234,380 159,3321 601,744 35,186 60,989 461,882 29S,369 159,3321 697,919 N8t assets at 31 March 2022 96.175 Page 15
Carnbridge fyenlans Umlled Iumlted By Guarant841 Notss ContInL1. f¢)rniing pJri of thB Financlal StthmgTrts lor th• yearended 31st March 2023 12a. MOVEMENTS IN FUNDS- 2022r23 At 1 Aprfl 2022 Inry)ming (lrtgoirvJ Transfws At 31 March 2023 Rèstrfctgd Fund$ Allotments Meaningful Aetpiit Cily Council Homde55n&8s Grant County grant lor ex-offenders County grant for housing rdatl supw¥Nt (Jder Homde55 Support Mertsl Health Outreach Female Homdess SLppyt Apprti Prq'eLt Workef Vehld8 Fund Burs Fund Others 12,922 16.( 15,786 18,126 2,864 2.126 8Q,O 159,053 38.7CK) 84,2n 80.0(K) 159,053 63,449 77,7 4.041 37.687 12,938 6,538 3.782 259 34.2&5 8.925 4.150 1.6&5 25,3> 2,395 14,863 13,876 2.6T2 Tota restrfct&Y .175 401,120 437.950 5,249 64.594 Unrostrfctsd Funds Und8signated FurK15 DeSIgnat Gra1 Funds Totg uni&trlct& Fur 185.769 415,975 954.901 958.220 185.809 407,367 8.8 15,249 601,744 954.Wl 958,220 593,176 TotFJ funds 697,91g 1,356,021 1,396,170 657,770 12b. MOVEMewrs IN FUNDS- 2021A2 A11WI IrKomiThJ Outgoing Transfers At 31 March 2022 R•strlcted Funds Allotments MeaningfLJI Actiwties City Q>uFKiI Homdessness Grant County grant for EX-OffderS County grant for k,OUsir relth suwwt Oldw Home15 S.JJport Men'.al Hèa5th OLrtreach Femae HoTndess Support Vehlc1e Fund Bursary Furvl 4.716 5.733 17,839 14,561 5,0(N) 79,000 143.795 54.045 61.660 3.786 515 1,e02 14,561 79,( 143.795 15.¢XK) 27,785 76.732 37,687 33,875 7.567 3,782 34,285 6,545 13,876 8.147 15,839 Total reslrirted fun¢Js 113.1NJ2 383,766 55,825 96,175 Unrestrl¢tJ Funds UndesvJnated Gollera Funds Designat Gewal Funds Tota5 unrestrKtwJ Funts 177,578 425,LKK) 602.578 915,468 860,477 146,8001 19.025 55,825 185,769 415,975 601.744 915.46 860,477 Total funds 715.580 1,226.582 1.244,243 697,919 PURPOSE OF RESTRICTED FUNDS Allotrnent$'. Prothdlng a Ihwawtic Ibjticullure Jroj1 for homdess .en and Maanlngful ActIvI88. Offwng suptx)rt lo 1 C8mbr,ity Cyenians residenis to enabl8 th to more readily 8r£és$ &npit)ym&rt, tranlrg and volunteering. City Councll Homele55ne5s Grant.. For ts provision of Sem to homeless pw?le in nèed of siitpyt. P816
Cambrldga Cy¥#nlan8 Llmit•d Iumlted By Guaranleel Notès. conllnued formlng part of th? Ftnanclal Stemants for tho 3ffjar ended 31st March 2023 PURPOSE OF RESTRICTED FUNDS- Mntlnuad lotmonts: Provldip,g a Iier8peu p.ortsrLIlU proiO(xfor homeless rn8n 2nd worw. Meanlngtul Act1. Offerir,g support to 1 Cambridge c9nianS redents to enable them to rntsre readity access wrypbYMt. traning end wunteer.ng. Cambrldgeshlre County Councll EX•$ Fundlng.. For aLrnndating and supporbng 8x-off8nders at the Jubi19e Pxs'ect. Cambrtdgeshlre County Councll Fundlng: For FKWJSing rdated 8upw)rt Older Homelo8$ Support Providing prt to hweless men and %4Y)men over th8 age of 50 to enable th8m to acth5s and IBinta n sUtsb indepdent acoynrr¥)datlon. Mentsl Health Outr•aeh: A proiectto provlde spe(xalkst SUPFK•rt tr) homeless men and women currenty living in h)s;d ao>)rnrrK)dation and WPIQ have menial health Sssue8. Fgmalo Horn•l$ss Support.. Pn)lt(ur.ded by fkn Eriough MOth8r1 to provide support for homeless suth as contacl iyth their children Appr•ntJce Project W06T to fund an ho8[g woject Irker. Vèhlcle Fund Funds rwsed to aequire an de¢tri¢ van trj repl8 the Land Rover Burnary Fund: Don8iTr on$ end grants elVed to assL8t dentS %¥hen nTh)ving into thdr (Ywn o)mmodatiOn. Otr8. Nunwrous 5fnall granTS vthK have gratefulty received for spfiC purpose5 to fadlltats the supwt of individual rdents. 13. OPERATING LEASE COMMITMENTS 31.3.2023 31.3.2022 Lease IXKnMltntS at Iho yaar 610.263 694.870 14. ULTIMATE CONTROLUNG PARTY AND RELATED PPRTIES Througnout the y8ar the charity C¥)ntrol1.4)ITrUY by Lie Boare of Trustees. No member ofthe Board or any person Inr.8¢(8d to them weivpd any lees of 8xpenses from the ehanty during the yea., 12024f22'. £nil}. No member of Ehe Board or other person rolatgj to ihem any interest In any contract or tranOn enlored into ty th6 chaylty rturirvJ th8 year12021122.. £nll}. I& RECONCILIAMON OF NEf AIOVEPAEpif IN FUNDS TO CASH FLOW FROM OPERATING AcTIv5ES 2025 2022 Not movemgnt in funds Add bad( depr9ciation Deduct interèst incom8 IlncreaseyDecrease in dobtors and siock InveasdlDecreas81 in ttediLOfS Net cash u8èd In operating activttl•s 140.1491 22.058 11.4891 13,625 {20 1591 26.113 117,6611 5254 12,6641 129,4611 22.7D3 21,829 16a. ANALYSIS OF CASH PJ4D CASH EQUflALEiifs. 31st March 2023 At 1 Aprll 2022 Cash At 31 March 2023 Cash In hand Cash at bank 2.207 222,238 2.206 194,772 127,4661 27,467 224.445 196,978 16b. ANALYSIS OF CASH AND CASH EQUIVALENTS- 31st Mah 2022 At 1 Aprfl 2021 ash flows At 31 March 2022 Cash in hand Cash al bank 2,2r 693,079 1470.8411 695.285 470,840 2,207 222,238 224,445 Pagg 17
Report of the Board of Trustees and Financial Statements for the year ended 31 st March 2023 Cambridge Cyrenians Limited Cambridge Cyrenlans Limtted is a charltable Company limtled by guarantee Index to the Financial Statements Pag6 Legal and Administrative Information R9POrt of the Board of Trustees Report of th8 Auditors Ststement of Finanaal Activits8S Balance Sheet 10 Statement of Cash Flows Nol8s forming part of the Finarrial Ststements 12-17
Cambrldge Cyrenlans Llmlted (Llmlted By Guarantoè Report of the Board of Trustèes for the ar ended 31st March 2023 Th8 Board present their report and audf(8d financial statements for the year Cambridge Cyrenians Limited is a charitable company limited by guaranteè and is a charity r8gistered with the Charities Commisson. REFERENCE AND ADMINISTRATIVE INFORMATION COMPANY NAME: Cambridge Cyrenians knmhed COMPANY NUMBER: 992199 {England & Wales) REGISTERED CHARITY NUMBER.. 261994 PRINCIPAL OFFICE and REGISTERED OFFICE.. 3 Signet Court Swanns Road Carn1dge CBS 8LA DIRECTORS AND TRUSTEES - THE BOARD OF TRusfEES S Coates R Robertson S Dabb D.Glover J Manning N.OMey A.Roberts N Sh8ppard Truscott Giancola J Daffram Chair Treasurer (resigned 22 2 2023) (resgned 20 5 20221 (resigned 27 10 20221 (resigned 27 5 20221 {resgn8d 22 2 20231 (appointed 27 10 20221 COMPANY SECRETARY: James Martin The day lo day management of the chaty is ddegated by Ihe Board of TnJs180s lo JarNe$ Martin. AUDITORS: Prentis & Co LLP Chartered Accountants & Strdttjtory Auditors 11 Sc Mitton R08d Cambridge CB4 1XE Page 1
Cambridg• Cyrenlans Llmited {Llmltgd By Guarnntee) Report of the Boarfl of Trustees for the ygar and8d 31st March 2023 The TrLtslees present their annual reFQrt and audited financial slatemerts for the year endad 31 March 2023 which are also prgpared lo meet the requiremenls for a directorf report and accounts for Companies Act purposes. The financial statements comply yth the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and Accofjnting and Rewrting by Charities.. Statement of Recommènded Practice applicable lo Charit$ preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK Re[b(l¢ of Ireland IFRS102) lupdaled October 2019, effective 1 January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Gov¢rnlng DoGum•nt Cambridgo Cyrenians Limited is a charitate company limtted by guarantee and Is a registered charity governed by ils Memorandum and Ar1icles of Associaiton. In the event of the charity belng wound up members are fequired lo contribute an afflount not exceeding £1. Recruitmont and Appointment of Tte85 The directors of the charltable company {Ihe chariv) are its truslèes referred to in the govèrning document as the Council of Management, but referred to Ihroughout this document as the Board of Trustees. Under the requlrements of the Mernorandum and Articles of Assoryalion the members of the Board arè elected to serve for a period of three years after s¥hKh they must be r8-8lecled at th8 next Annual Genefal Mgeling. Only persons vtho are members of the charity are eligible lo be elected as members of th8 Board of Trustees. Trustee Inductlon and Tralnlng New Trustees ar8 pfovKled Initial inducbon into the activities of the charity by fellow Tru81ees and the Company Secretary. They are provided wlh a sel of important documents including Memorandum and Articles of Assoc(ation. lalesl financial ststements and management accounts duriro their induction. Training is provided for all Trustees. Organlsational Structure Carnbridge Cyrenians is controlled by ils Trustees who meet al le28t every three months. A manager is aptK)inted by the Board of Trustees to manage the day-to-day operations of the charity. Rlsk Managoment The Board of Trustees conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established lo mitigate the risks the charity face5. These procedures are reviewed perh)dically to ensure that they continue lo meet the needs of the charity- Partner Landlord$ Cambridge Cyreniang leases propefty from a number of landlords, induding.. Cambrid9e City Counry5, Cambridge Housing Society. CatalyEI Housing Limited, The Dawe Trust and several private landlords. Cambridge Cyrenians also has a Management Agreement with Metropolllan Housing Trust for the management of one other property. The accounts of Housing Assoctab'on owned prOpertS may be induded in the accounts of the charity as well as those of the Housing Assoaation. Page 2
Cambftdge Cyrènlans Umlled (Llmried By Guarant8el Report of thg Board ofTrustees- witlnu•d for th¥ Jyar onded 31st Mar¢h 2023 REMUNERATION POLICY Cambridge Cyren1 o)mmitted to wsuring that staff are paid In a transparent. f&r and consistènt manner, hamny ward io boL oarity mad(8t coisQerdtions. and the ability of Cambrfdge Cyrenians itsdf to pay. Thls Is so Cambr5dgg Cyrenians can atra¢t and rètan pIe with b49 rvJht skills and th8fefor8 have the greatest impad in denrj our obi8cbv. Cambridge CyTenians o)mpares w.lh other organisatitins ¥thIn the support sgctor. ana morè spgcifirnlly against those organisabons whlth ar8 in direct npoIson when r( cjynes lo Ihè recwitrngnt ol high calibr8 St8ff. In 8wrdance with thè SORP we". - dlsclose all payrnents lo tnstees IrK) trust are paid) an¢J experK%es rdmbursed Inole 13 to the accounts) - di5dose the numbarol staff in rwAipt of £60.000 and ats)ve (no $taff are paid nvxe than E60.0001 . dlsclose pensltsns and other benefits lTh)ts 2 to the a(¥Unts). OBJECTIVES AND ACTWMES Tne objects of the tharity a the relief ol eTly. $i(*ness and old age and in partbjlar Ihp rgllaf of homeless persons who arè in need and wuire as51Stanc8 in ath6ving 8 mr6 setued way ol lila. Thi5 is dorye by providing supportÉd housing for 103 inQNieual Men and women in small, residential, oxjmmunlty ktU5es which respond io the rwds of )MelesS peor)le. C8tnbridg& Cyrenian5 alao orovides additional support to thosè who are home'Rs5. or v, lnerab kK)rndes5V.85s because ol Lrtelr mental hèalth, or old age. 8y belng Ne>3bl8 and innovative Carr.bridge Cyyén ar.s is able to respond to the ch8nglrKJ n8Éds of homeles5 people. The objectives lor thls year wèrè to (yjntinue and devek)p tha suppcwted aCMmOdat)n subject to $8tisfactoryfunding arrangem6nl3. The specffic objectiV8s for thls rWe to address the key piiorib•S se¢ out in the Bus%n8ss PLan, indudlng.. . Secure new <rffice space for the exp8,Ing staffteam . SwJr8 (xjntinued fundiru for our ader Homdess Fthtiryd Support Service Ddiver th8 exlsting Business . E4Dand our swdenl placemènt programme. We have ferrett to the guidanc$ contained in the Chartty Commission's ggra1 guldance on publlc berit when reviwang oLr airns and obiactives. The rn8in strategy used for aChi1rj the obithès wer8 to maintain 8 dose working relationship wth Cambrldga City Council, Catnbddgesbire County Counal, and other partrtér agenoes and funders. The rrosl 51gnificant faLlor contributed to the achIevernt of the obJ•afves was thè full cornmitment ol siaff, volunteers and TDJstees. The ch8rily benefits trom vdunt8ars who sUT)port the thaity and it5 work In a variety ofways. These nclud8 ftJll-fj"me, live-in volunteers who are r8sponsibl8 for the day to tjay rufjniig OF three o.: the house5, .Id then there are those who support the oryani5aLiOn on a pal-bme basis, providing adrninlstrative and lundrdislng sdpport, and who's hdp is .nvalu8bte. ACHIEVEMENTS. PERFORMAtr4CE PV8uc eENEFrr The main arbas of charitable activity are th8 provisK)n of suppofvj aGwrr.mDdatnn for single, homele55 peoplg in Cambridge, staffing thèse wth rg5idcntia volur.teers support8d by 5a'.aried staff. Thls area of activity is of signnltranl pjbI bénefit lo both those iidNidua'.ly asskgted and tho whder communlty. During the year we.. Sewred funding lo deliver Ihe Streets to Hornes Servi¢e Opened our Second Housing First property providing h(yJslng managernent wvlces in conjunetkjn with su'pport wovided by Cambicseshire County Coun(x:'s Housing Firs: pro'.8d. Compted thé cx)nversion to residential use of oJr old offic8s at 4 Sh)rt s.reet S6oJreiJ fupijing for our In-house Oldèr Homel8s5 Floating Support serwce forthe next 3 years Page 3
Cambrfdge Cyr•nlans Llrnltod (Umltad By Guarant•el Report of the Board of Truslees- contlnued for the efided 31st March 2023 FINANCIAL REMEW Th8 Board ol Tru8lee8 nSider that the re5utts for th8 year {Mnd the o)mparativg f¥Jures for the previous yearl and financial posluon a sab'slactory. The Statement o-. Fin8ncial A(vItIeS (SOFA} shows a surp.'usforthe year of £40 on the unrestiicled funds before addlng b2d( ex$ funds from thg dgnated res&ve5. On the restricij funds Ih8r8 was an exc&86 of exp8nditur• over income of £31.$81 derTrJrthlng fJrth8r spÈr,diThJ ourol funding r.., ed In athIanc. The c85h balance of th8 charity 8t 31 Mard) 2023 was £196,979 vthith vras £27.466 1.Mrthan at the b8ginn ng of the year. Net Current assets fdl by £20,932 ijuring year larg8ty b8C8us8 of the spendllry out of restricied funds recaved in advan. PRINCIPAL SOURCES OF FUNDS The m8in sources of fundifig are rents. Housing Benefft and HOng Related Support grant for tr.e supportéd accommodauon. Th&s8 actlvities ar9 further 5UPFM)rted ty fv.ndraising and by grants fro otier oryanisatlons and individuals. These Ipclude Cambddgeshire County Coun&,. Camtyldge a'ky Cour.ryl, South Cambridgeshir8 Distrtct Coundl, Good Gits Catalogue, Tne Lottèry Communty Fund, Carrbr.dg85hirè Community Foundation, Pennlrytons Manchgs Coopw, Th8 CO Chartable TrJst. Clwe G)',18Ge. Fine and County Foundaton. HTS Estates. 8amabus Obey Trust, D'oyle Carte Charitable Tr. Westoi Foundation. Evelyn Trust. N8tiDnwide Community Fund, Talisman ChaitaDle TnJ5t. 29th IAay 1%1 Charitth¥ Twst, Al Hunt Trust and the Srnith Charfty. INVESTMENT POUCY Any investments mada by tho tharfty are the responsibility of the 808rd of Truste88. hrng taken suitsbI8 8dviee. Crrentty no sP8cthe invesbnents are hdd and surplLfS cash Is held in th8 short term and deposited in suitable. high interest. deposit accounts. RESERVES POUCY The Board has a policy of r8vwAng thè unraslricted of the tharity to su they 8r8 adequate for the risks to whl¢h Ihe chaty is exposd, It has been agr88d tr.at the unrestricted res6rves shoula be a mln'mum of thrèa months total expenditure, whith. eqdates to £343k. At this Ve1 tre Board fe81s that the charity would be able to meet ils wrr.mllrnenis kn the running of its prolecis as well as its obligations to its employ8es ev8n in thè event of a Snlnt reduction In funding. Unrestricted funds arnounting io £408k havè baen dèsKJnated as fundiry the offio prni88$. fils Kdl,. reauce each year In Ilne wlth the provision for depreaation. AF 31 March 2023 undesonated ur,rgstricted reserves amounted lo £186k which is some £157k bebw the minirnum iarget but il is anticip9t the target 11 b8 re8thed by March 2027. Grants have b88n recelved lor reslricw purtyJse5 during the y8ar and datlS are given in note 12. FUNDRAISING POLICY The th3r,ly Ik)e5 nol activeSyffjndrais8 from the public. arthough it is ahYayE happy to receiva donations. The ma ority of donations and grants ar8 soaght ffom ppJblic knjies, twsts. chwiiable oryanisations and companies. The Charity uses a Profesonal funcrwsing consutiafjt to assist in app5w.ng for funds. The charity mnitors all fundraising Carried out. it Cof0r$ to (nise0 standards and has rFDI receivod any complalnts. As tho CarIty doe5 -.tyi Oper sdiryl fd4ds from the general pubilc It unllkely to recwve d[atjns from vulner8bl6 PpIe, tr¥Ji it i8 a%Yare of rfs otAigatb)ns. PLANS FOR FUTURE PERIODS Tle charity plans to continu8 to provide the supwrt housir.g servi which is at ts subject lo securing sufficient funding. More speofically Cabrds Cyrelians intends to.. Support th8 impact ol the (J)S1 of Iwing (xsi5 on the homdess in Cambridge . Secure propotEes in South Cambridgeshire i lirne th8 Stmts to Hornes ntraCt Devdop the new initiativ85 knr s¥vi and 1nfra8tnJu as deta51 in our bu8inèss plan Page 4
Cambrldgg Cyronlang Llmlted (Limlted by Gu¥rdntee) Réport of the Board of Trustees - continugd forthe year ended 31st March 2023 RESPONSIBILITIES OF THE BOARD OF TRUSTEES The ¢harity trustees (vtho are also the directors of caMlge CenranS knmited fw the purposes of company lawl ara respDnsible for preparlng a trusteEs' annual report and financial slatements in a¢¢ordan¢e wllh applicable law and Unllgd Kingdom Accounbng Standards {Unlled Klngjom Generally Aepted ACCOUnng Practice). Company law roquires the Gharity trustees to prepare flnanual statements for each star whkh ge a true and fair vlew of the slate of affalrs of tho charitable Gompany and of the irKoming resources and appllcalion of resources,1nduding the income and expendilura for that period. In preparirvJ the financial statements, the trustees We requi16d to.. select sultable accounting policies and then appty them conststentty., observe th8 method$ and principles in the Charttses SORP.. make judgements and estimates that are reasonable and prudent state whether applicabk UK accounting Standards have been fdEowed. Sub to any materfal departures dlsclosed and exF4ained in the als1 statements.. prepare Ihe finandal statsments on the gcing nCeM basts unless it i8 inapproprkte to presume that the charity WIII CDnlinu8 Sn txJsines$ Tho Iru5tees are responsible for kegpiro Prop accounling rec(dS that Ifisclose wlth rea80nabte accuracy at any lime thè flnanLaal position of the charity and lo enabte them to ensure that tho financi statements complywlh thè Companles Act 2rK)6. They are aigo responsible for safwwarding the assets of the ch8rity and henc8 tsking reasonable Steps for the weventKJn arhj detection of fraud ar othw irreoutarllles. Mèmbers of th6 Board of Trustegs Mernbers of the Brd. are directors the purpose of compary law and fm5188s for the PLtrpos6s of charity law. Those served during the year and up to the date of thts report are set out on page 1. STATEKtENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS The M¢mbgrs of the Board of Trustees of the Charity who hetd Off al the date of approval of Ihls annual report confirm that: So far as we are aware. there Is no rdevant audit informatbjn needed by ihe Charltls auditors in conneGtv)n wlth weparing their reporL of whh the Chariils auditors are unaware: and They have taken all th8 steps Ihal Y ought to have taken as members of the Board of Twslees Sn order lo make T$eS awarè of any r8levanl audll information arKI to èst2Nlsh that the Charitys audilars are awdre of that infomatlon. AUDrroRS Th,e auditors, Prenls & Co LLP. wll proFM)s&l for re-apFX)intment In aw)rdance Section 458 of the Companies Act 2006. The Rgport of the Boa.rd of Ttustoes has b68n prop8red in 8ccordan¢o wlh the specral provlsions of Part Vll of the Companles Act 2006 reEating lo Sm1 (mpanieS. ON BEHALF OF THE BOARD OF TRUSTEES: Secreta James Martin DBled.. 744 &t3 Page 5
Cambridge cyr1•n5 Umltsd (Llmltèd ty Guarant•el Indèp8ntsnt Audltors. Rèport lo the Members of Cambrldge Cyr•nlans Umltod for the yeaT end•d 31st M8r¢h 2023 Oplnlon We have audit& th& financial stslemonls Df Carnbrtdge Cyrenians knmlted for thg yearendgd 31st March 2023 whlch comprfso Stalgm8nl of Fillanclal Activities, Balance Sheet, Cash stsent and notes to the ftnancial statements, Includlry a sumtnary of 5ignifi¢anl a¢¢ounting pdlde& The finala1 reporting framewtyk that h88 en applied in their prèparation Is applicable law ar United Klrodom Accowting StaThJards. indudiNJ Flnancial Reporting Staridords 102.. Th& FinancSal Reporting Standard appllcable in the UK and Republk of Ireland (United Kingdorn Genwalty ApIed A¢countirvJ Practice). In our opinion, th8 nnandal stslements: givè a true and fair view of the stst8 of the ChaNirfs affalrs as at 31st Marth 2023 and of its Incorning r8sourc88 and appllcation of resources Icf th$ year then ended- have been prop8rfy prepar8d In accordance unst Kirydon Generdlty ArLepled A1nn Practice., have be8n prepai¢d in acujrdance tho requlrements of Ihe Companlès Act 2006. Ba$ls of Oplnlon W& conduct¢d our audit in accordance 9th Iniemational Standards AudtiirKJ {UKI IISAS IUKII and applicable law. O r8sponsibilieS undar those standards are ftjrther in the Audilorfs responsibiliU&s lor the audit of th8 finandal statements section of our rgprt We are indgpendenl of thè Charity in a¢c(xdanc8 *ilh ethical requlremenls that are relevart to our audit of the flnancial Stst8Mt8 in the UK, Indudiry FRC'S Ethi11 starard, and w8 have fulfilled our other ethical rèsponsibilid&s in accordance wilh requirements. We beliave that the audlt evidencg havo obtaing is sufficiant and appropriale lo provide a basis fOrr opini. Concluslons rnlallng to golng Cortcèrn In oudiling the financial statements, we have conduded that th8 trusiee's use of Ihe gdng basls of awounting In the pwparalion of the financial ststemenls is appropriate. Based on the wcxk we wtormed, have not idontified any matertal urKertainties relallng to events or condlty'ons that, lTrJividually or Collb¥elY, may cast sKJnificant doubt on the ChoTity's abilty to ccntinug as a going concern for a perid of al least (wdve moth8 from when the financAal ststernts are authorised for issue. Our responsilmlibès and the rèspongbililies of the trustees th respe(a of goiThJ are desolbed in the rel8vant sections of this report. Othar Snforniation The trustees are rgsponsibl8 for the other irrfomation. The other infom)ètton oJmpTi56S the inlomiallon Included in th8 arUal raport other than th6 finanryal staternents and our Auditorfs report thw&"n. Our ¢)pini(m on the financial stst8menls does not covèr the other Information and, ex¢èpt lo the at otheTh%ise oxplirauy stated in our report, do not èxpress any ft>mi of assurance conduson Ihereon. In connedon th our audit of the financial statements, our responsibilty is to read other infomialion and, In doiro so, Gonsidèr thether the other infomiation is materially inconsistent wth thè flnarrial ststements or our knedge oblain&d In th8 audit or otherwise app8ars lo be Thaterially misstated. If we idtfy Such rllat¢rial inconsistencies or apparent material misslatemenls, we are required lo delermSne whelherthere Is a material misstatem1 in tha finanaal slalements or a matérial rni88tatsMent of the other infomiation. 11, based on th8 we have pgforned, we conclude that Ihefe is g material misstatement of this other Infonnation, Y are required to rept thatfacL We have noihing lo pOrt in thls regard. Opinlons on otr matter5 pr•scribed by the CoFnp8nl•s Act 2008 In our opinion, based on thè work urKlertoken in the rse of ihe audit the Inforrnalon given in the annual Teport for the finanrAal year for %thich tho finanaal stal8ments are prepared 1$ tSistenI with the financial statements,. and thè trusloes report h&$ been prepared In ac¢ordBnce 1th appIlble l&381 roquiremenls. Page 6
Cvrnbd CJr8nSans Llmll•il (Limknd by Guarant) Ind8pend&nt Audltgrs. Report to Ihg M¢mbgTS of C•nbridy Csronlans Lhnlted for t yea¥ endod 315t hlarch 2023 - contlnuBd Matter8 on whlch w8 aré r8qvlr8d to report by gxwlon In the Ilght of the knovA8dgè and tmd8rslanding oflhè Charlty and Tts wMent0bts1nj in the oJur5e of ts ast, hav8 TK>t idenllfied material misstatemts In Annual RwrL We have noth:'ng to r8port In r8$P8Ct of the lolknlng mati•rs In rdalknn kn %thich Ihe c(mnpans Aci ruIres U5 to reportto you If, in our oplnion.. adaquale accounting CordS have mt b88Th kept or rm6 •Jwuaie fOrwa[t hav8 rnlbe ved from branchg5 not wsit8d by us., . the flnanaal 5tatem8nts a nat h agreemtV1th tre rwds aTrJ r8bmS'. certaln dl6closurès of tDJstoes' mnall(> 5pedfi8d by laware t m.. ( we have mt obtained all the Infomauw. and explanatsons nacessary forlhe ofewalL Inslees were no". eniiied to prepare the f5nal18l stae[sts in aurdar,cE V+ith lh8 small (yjMpaB r89ime s1 take advantagoof thE sms11 L¥Jmpanlas oxetnpUon$ in preparir¥J the trustee's a5 from lh& rOqLif8mt to pr&p2re a strateglc report. Rosponslblllll88 of thè truslee8 As explaln8d more hjly In tho truste. résp)nsiNf.Ues stat8rnWt set Obi on page 5 the tAtea8 are resrenslble for the Èparation of the financi 5tatenents 8nd for linG $atsfil lha+ tb.ey swe a trJ8 apd fair wiew, and for5uth inlwnaS cAnlroS as tw deiermlnols necesw trj enatAg lh8 pre4)aralJon of fin8rK4al Statents that tree from rnaterial mlsst8t8ment. whalherduè io traLvI or error. In pr9parfng tha finan&al 51atemwts, the trustees are roSpN1&fDT assesslry Ih8 Chariils to rJJntinue as a gdrrfJ cortern. dtsc10ng. as applicabb. mattws r81aled to wng ¢xp.c8m and the L¥)trKm basL8 pfa)Unting unl8SS the trustees dth&r inter<1 to fiquidate the Ctradty or to ceasE opw3tiap8, or hav6 Ni reali8Uc .mava bul kn do so. Audltorg. rasp¢n$lbllltl85 forth8 wdlt of thB fiTranclal 8tqrnonts OUT obie¢tiv85 art to ODtaln reaso& aSr8nCe aLy)uiether the fina[81 sia18rn8nts as a tho1& are free from matrerial mlsstatemeN, vthetherduo to fud or grw, and D issue an Auditoes rewrtthat.'ndJdes our Opinn. ReaSDnatAè a88uraKe 15 a hlgh level of assurano, but li pot a gbaonlee an audit wvJud8d in aGwlancewitr. ISAS IUKI W.118knpdyS deteol a material tni5Stai&m8nt when It 8xists. MisstatW.8nls arise from tral or wror a malsfjl If, Indiwdually or In th8 aggregate. they muld reasonatrAy be 6xpeu8d io nflUenCe tre ecorth7 dec4Siors of U&8 tdken on the ba$ls of th88e finanu21 sialgm8nts. Irregatles. indudlro fraud. are instance5 of lance la arvj rESulab(. The Wmary respolln511Ity for tb8 prevenlon and delactlon of irregularfues fraEkl r8sts with both tr.e rnanagemwi knose Lwged governan of the t,arfty. Wo d&slgn8d wocedures In Ilne wiVI our respolbIlItie5. ouf.In Jove, iodeiect mat8rfal misststements In respect of Irr8gularibes. Inciudir¥ fraud. The gtr.. toYthir ow woce(knre5 a capabK8 of deiecng irE8gJlarilles. includlng fraud IB delled bdow. hav& consld8red tts natureol the iU8 sector, ntrol eNm9)t, law5 and reglatS and bwine$$ performancg, 01 charfty, Indudng its remunerdtion policAes. La arKi regulatkns iUdg. bulhwe not I11t& to, the CoMpanS Act 2000, FRS102, Chadty SORP aThJ UK taxats'on legition. We hava quIr with managTrt In regards to thw assessmentof trt risks of irrwJL4arth'es, IIlKIlg fra. W8 a150 anqulred of manag8m8ntand those charggd gov8rtrance as to any kr1) iftstances of or suspected nOn-mplI8ce wi. laws and regaOnS. We have obtained r818vanl docaATrentation and wr83entstion$ In Ord to fL¥m an on kyjtential Irregar18$. indudi fraud, We ¢onsideTed the op[rbjn1yeS and IntiVeS Ihalrnay eytslvAIM Ihe 0ryjanisan for fraud. Ba88d on this under5tandlng, we desigW spec4fic aLrt rMrKlures to ify listarKosof -t7[Alan with laws and rUlationS. Induding obtslnlnG addibonal corrobor8v8 8ider as Exampi8S of prd$ indud&d r8VIng lary8 and unusual trsa¢00nS, revithng larg8 upexpecteij ¥ap.an, N)umal wbfjes. and rwthng18gal corr85p)nd There ar8 Inhwwt limltations In ts audit d8SGDbaJ atA)ve. rntlea5ta5 saMpTra is Lrte.. Intemabonal Stsn(fard5 on Audiling, tharefore not all transactio.is ar8 rev1th. This means there L8 a risk wll notdetectall irr8gularfUes Indudiry ihDse leading lo a maleria,, mls$tatem8nt in the finanraal or r..-ClK¥ia ritiOns. The risk of not det8¢Ung material mk55tai8rnenl due to fraud is also h:"Gher an the risk of one froffl erw. as fraud may Ir1¥8 delibera18 concealmer.I by, for example, forg8ry. lolluon, omisgon. ar irrtenODpAI misrentatio. Page 7
Cambrldge Cytsnlans Umitsd Iumlted by Guarant••l Independant •ludltor8' R¥port to the Membern ot Cambr5dge CJryY&nlans Llmltod for the yr end•d 31st Marth 2023 - wittnu A further descripllon of our r88ponsibilities forthe audti of thè financial stsloments is locatèd on the Financial Reporting Council'8 webslts al.. .frC.0g.Uj3udllo1sr0SpOnSibll8s. This dption foms partof our R8PQrt of the Audilors. Use ofour roport Thls rèport Is madg solely to Ihe Chajtys member3, 88 8 body. in aCrda1 *lth Chaptsr 3 of Part 18 of tho Componies Act 2006. Our audit work has been undertaken that we rnwJht stats to the ChaTity's rn¢mbws thos& matters, ws arg requlred to stats to them in 8 Report oflhè Audltots and for other purpose. To the fullest exlent pemitted by law, we do not accept or 8ssum8 respon51bllity to anyone other than the Charfty's members 88 8 body. for our audit worfo, for this report, orfor tha oplnions wo have fomed. Ipley, Sanlor Statutory Auditor for and on bahall of Prenlls & Co LLP Chartared Accountants StsbJlory Audllor5 115c Milton Road Cambridg& CB4 1XE Page 8
Cambrldge Csry•rtt Umited (Llmitwj By Guvant•èl 8tatomont of Includlng Incrmne a1 Expendlturg Account for the yearended 31Jt March 2023 De¥gn&ted Rqthdad Fund8 Total Furtd8 Y&arsnded 31.3,2022 Funds Funda Furtd$ Yeare 31J2023 FLd5 Income frorn: Donatlon¥ #nd legaclès 15.863 19,863 14.106 4D,199 54,305 Charftablg OCtl¥Ette$'. Net r8lltal Income of housing projects CDunty Couneil grants for suwort ol raSidlS Gran15 from Trus1$ C8mbridg8 Cty Couqdl homd885nass orant Sundry Incom Grts COVID support Sundry Inc4)me- profil sale of vehiclè 923.850 923,850 880,998 239,053 154.933 860,998 222,795 47,785 2,462 35,S73 239,053 154,933 222.795 47,785 2.462 35.239 3.134 3,134 13,7(MJ 334 13,7(X) 937.550 397,120 1.334,670 898.699 270,914 1.169,813 Imi•stment income 2,664 2.664 Total Income 954,901 401.120 1.3S6,021 915.468 311,114 1.226,582 ndlture on: Costs ol ra8ing funts Expendiluro on Charitable Total ExndItUre 17.762 17.762 37,950 1,378.408 437.g50 1.3,170 30,797 829,680 30,797 1,213,446 958.220 860,477 383,766 1.244,243 Net mo¥em•nt In funds Transfer bètween fvnds {3.3191 (5.2491 (36,Wl 5,249 (40,1491 54,992 155,8251 (72.6531 55.825 117,6611 12 18,568) 8.PJ)B (8,6081 131,5B11 140,1491 {8341 118.8271 117,6611 Adjust surn designa18d ro office pretni5es 9.025 {9,0251 {8,e081 131.5811 {40,1491 8,191 Ig.0251 116,8271 117,681 Roconcillatlon of Funds.. Total Funds i¥tyJghl forward 1&5,769 415.975 96.175 697.919 177,578 425,000 113,002 715,580 Total Fund$ carrled forward 185,809 407,367 64594 65T,770 185,769 415,975 98,175 697,919 The statement of firancw lYe5 Indud85 dl gans and ts5es in the year. AJI iniyjne and eXpltUre dVed ar from conlinuiru actfvlti8S. The deficll for compani Act purpcBes was £40.14912021f22: £17.661} The notes on pag8s 12- 17 lomi part of thesefinaNal $taL(S Paje g
Cambridgè Cyrenians Limited {Limlted By Guarantee) Balance Sheet at 31st March 2023 31 Marc* 2023 31 March 2022 Notes FIXED ASSETS Tangible Fixed Assets Total Frxed Assets 442,665 461,882 461.882 442,665 CURRENT ASSETS Debtors Cash at Bank and in Hand Total Current Assets 57.299 196.979 254.278 70,924 224,445 295.369 16 CREDITORS: Arnounls falling due Mthin one year 10 3Y,173 59.332 NET CURRENT ASSETS 215,105 NET ASSETS 657.770 697,919 THE FUNDS OF THE CHARrrY 12 Unreslrtcted Funds UndAsignated Deslgnated 185.809 407,367 593.176 185,769 415,975 601,744 Reslricled Funds 64,594 ,175 TOTAL CHARITY FUNDS 657,770 697.919 The accounts have been prepared in accordance wth the Provisions of the Companies Act 2006 applicable to Charit subject to the small companies regime. Approved by th8 Board of Trustees on ?K fy/ L i p Il Signed on behalf of the Board of Trustees obertson FCA TreaSur The notes on pages 12 - 17 fomi part of these ffinanci ststements Page 10
Cambridg8 Cyrénians Llmlted {Limited By Guarantee) Statèment of Cash Flow5 for the year endgd 31$¢ March 2023 Year ended 31.3.2023 Year end 31.3.2022 Note5 Cash flow from operating acttvilies 15 26,113 21.830 Cash flows frorll Investing activllles: Interest incorne Puf¢hase of tangible fixed assets 1,489 (2.901 } 2,664 (1,675) Nel cash provi(ied byl(used inl investsng acbvitl&s 1.413 449,011 IDecreaselllncreas& In Cash and Cash Equwalents In Year Cash and Cash Equivalerts at Beginning of Year (27,5251 470,841 224.444 695,285 Cash and Cash Equivalents at End of Year 16 196,919 224,444 Page11
Cambrldgo Cyrenians Umited (Llmited By Guarantee) Notfjs fOnIng part of the Financlal Statements forthe year endod 31st March 2023 ACCOUNTING POLICIES Cambridge CyTenians Mited is a charitable Company limited by guaranl8e. The acLounting poliGies are listed below and have been apled consistenUy througnoui the year and in the praceding period. {al Basis of accounting The financial statements have been prepared in accordancE wtth Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charittès preparing their accounts in accordance with tho Financial Reporting Standard applicable in the UK and Republ of Irdand (FRS 1021 (issued October 2019, Bffecllve 1st January 2019}- (Charities SORP IFRS 10211, the Finanal R6porting Standard appllcable in the UK and Republicof Ireland (FRS 1021 and the Companies Act 2006. Cambrldgo Cyrenlans Limited meets the definition of a pvbil¢ benefit 8nb.ty uder FRS 102. Assèts and liabilili8s are Initially recogni8ed at historical cost or transact(on value unless Dtherwse staled in th8 relevant accounting poll¢y noÈe(s)- The trustees consider that there are Th) material uncertainties about the charitys ability lo continue as a going concern. Ib) Fund a¢countlng Reslricled funds are subject lo the Ilmtiatlons on their us8 swxfied by the donors or othgr provitjers. Unrestricted funds are available for use at the discretion of the TnJslee$ in furtherance of thè general objectives of th8 charty. {¢) Incomg All income is included in the 5talemonl of financial activities when the charity is entitled to the income and the amount Can be quantffied with reasonable accuracy. The followng 5pecrfic policies are applied lo parttcular categories of income.. Voluntary in¢ome is received by way of grants, donations and grfts and is included in fijll irn the Statement of Financial Activrfties when receivable. The value of services provided by volunleors has not been include(1 in these aunts. Investmanl income Is induded when r1Vae. Incoming resources from charitable activity are accounted for when earned. {dl Expenditura Expenditure is recognised on an accrual basi5 as a liabiltiy is incurred. Expenditur8 includes VAT which cannot be fully recovered and is reported as part of the expendiluw lo which il relates. Costs of generating funds comwi5e the costs aSsoated with attracting voluntary income. Gharilable expenditure comprises those costs incurred by the charity IN the delivery of ils activities and Services for its beneficiarie$. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include Ih05e costs associaled wth meeting the (xjnstiknlional and flnanclal stalulory requirements of the charity and indude the audf( fees and the costs of preparation of statements. All costs are allocated between expenditure categories on a basis designed to reflect the use of the resource. Costs relallng lo a particular activity are allocated direcdy, others are apportiorned on the the basis of staff time spent oll the acb'vity. Page 12
Cambrldge Cyrenlans Limrted (Llmitad By Guarantoel Not8s. contlnued. formlng part of the Flnancial Statements for the year •nded 31st March 2023 1. ACCOUNTING POLICIES {contlnuedl 101 Fixèd Assets The charity has a policy of wrlting off any capital items whlth cost less than £3,OW. The nare of the charivs aclSvities means such iteffls have an average useful lrfe of less Ihan one year. Depreclabon is promded on all 18n9ible fixed assets at rates calculated ID Vrrite off the costs18SS &stimated residual v81ue of eath asset over its eXpd useful life as follows". Equipment 25°k straight line basls Soare 10% straight line basis Vehicles 25% straight line basis Office Bui5dlng 2% strdight Ilne baS Ifj Oporating Leases Rentals applicable to operating lease5, where substsntially all the bwfits and risks of ownership remair) with 1h81ossor, are charged 8gainst Incon as incuffed. Ig} Dabtors Trade debtors and other debtors are renised at their setUent amount duè after any dixounts. Prepayments ar8 valued at the amount prepaid net of 8ny trade discount due. Ihl Credltors Credllors and provlsions are rec(gnis8d where the charfty has a present obligation resultiny trom a past event that w511 probably rosult in the transfer of fJnds to a third party and the amount duè to setU8 the obligauon can be measured or estimatsd reliably. Credlt¢xs and provi&ons are nomally racognised al thair settlement amount after allowing for any trade discounts due. 2. STAFF COSTS AND NUM8ERS Wa es and al8ries Salaries Employer'5 Soclal Se¢urity Employels Penc Costs 31.3.2023 31.3.2022 555.238 48.717 27,741 505,834 38,744 25,941 631.896 570,519 The average weekly number of employaes durfng the year wa5 as fo11¢y.. Project Staff Administration Staff 19 18 24 22 No employe8 has eamed more than £60,000 per annum in the 2022123 or 2021122 flnancial years. The kay managemènt are the trustees who ar8 nol remuner81ed. together With the Manager and Deputy Manager whos8 aggregate remuneration amDuntpJJ to £108.499 12021r22'. £101,73tI 3. PENSION SCHEMES The Company contributes to defined contribulion pension schemes for each employee who wishes to estsblish such a scheme. The assets of the scheme are held sèparately ffom those of the charity in independently adrllinislered funds. There wor8 no rA)nlributions outstanding al tho year end. 4. NET INCOMING RESOURCES FOR THE YEAR 31.3.2023 31.3.2022 The Dperating surplus is stated alter charging.. Audilorfs remunerats.on for. audit services other ServIS 4,383 3.203 4,025 2,954 Page 13
Cambrfdge Cyrgnlans Umited {Umltsd By Guarantee) Notos, contlnued. forming part oftho Finatal Statsmants for the year•rKl•d 31st March 2023 * EXPENDITURE 31.03.2023 Total 31.3.2022 Total Costs dlr•ctly allouted to a¢tlvltl•s Staff salaries & wages Trainlng, travel etc Rent payable Coundl tax & ulilttI&s Food Equipment malnlenance and rèntals Equlpment & V8hide Deprriatlon V8hlcle Running SIS Property Tllainlenance and repalrs Household & Dir8¢t Costs Soclal and Wélfare 184.098 385.429 1.824 5,285 287,524 116,845 33,195 569,527 7,110 287.524 117,023 33,195 1S7.801 352.788 510,589 2,W2 4,987 6,969 262.427 262,427 112,149 112,235 33,556 33.556 178 68.299 53,328 270 53.328 785 2,596 8.925 214 9,919 214 515 2.596 36,232 39,666 12.423 1.163 36.232 52.089 1.163 32.891 39.152 12,592 562 32,891 51,744 Goveman¢• costs Audit fees 3,813 570 4.383 3,744 282 4,025 Support ¢osts all¢K*¢d to actmtles Génawl affice and finance stsff 4,860 FundraIr@ wn$ulLants 12,902 General admlnlstration PTemis8S Insurance SofLware support & depreaation Racruibnenl, IrainlrrJ and tryvgl 70.637 10.&55 86.052 12,902 70,472 19.297 11.500 55,518 4.179 78,994 11,500 40,172 9,289 5,133 20,410 7.018 61.311 7.533 2.889 15,695 8,740 9.161 1,126 432 2.345 37,360 8,639 4,773 18.981 6,526 2,812 65 359 1,429 491 3,321 18,tJ40 10.040 Total resource¥ ¢xpendgd 17.762 940.458 437,949 1,396,170 30,797 829,680 383,766 1.244,243 6. INVESTMENT INCOME 31.3.223 31.3.2022 Deposit account Intsrest 1,489 2,664 7. TAXATION As a charity Cambridge Cyrenlans is exempt tsx Irts)me and gains falllng within section 505 of tha Taxes Act 1988 or s256 of the T8xation of chargeab Gains Aot 1992 tts th8 extent that these ar6 8pptR3d to its d)adtable objects. No tsx charges have 8rf8èn in the Charity. Pag&14
Carrljrtdge Cyrgnlans Limhd (Llmiièd By Guaranlee) Not•s. COnned, for1ng part of the Flnanclal statsnnts lor th• y•ar andod 3181 March 2023 TA14GIBLE FIXED ASSETS 2022123 Building Equ1WnI Vehicles Total BalanL brought fowrd Adcitions Olsposals Balancé Carried foThvard DepsatIon DepreatIOn broughtfoNYard Pfovidgd in yea". Dlsptssals in year 08prgdatton carrEed fur Not bsx>k valué at31 Mah 2023 415.gY5 42.856 2.gJ1 5,893 26.750 50.785 536,346 2,901 21,018 518.229 15. 3S,7(KI 41ti,915 26,750 228 8,319 19.658 2,256 15,579 8,925 15,065 9,439 2.558 22,058 20,9&4 T5,564 8,547 ,864 21,914 407,367 42C 4.836 26.261 442,665 2021122 8.dildiTrJ EqUIpnnI Vèhiclas Totsl Salance Ixoughl for¥rdrd Additions Di8p05als aalall carrfed forward D•predatlon Depre¢iatiDn brought foThvard Provldad in year Disposals in ygar Depr8U8tK)n (rrfed foThvt¥d Not book vu• at 31 March 2022 26.750 15,065 35.700 90,855 451,675 6,184 536.346 415,975 6,184) 42 856 415,975 26,750 50,765 43,3 1,833 6,184 16.980 15,064 515 75,394 5,254 228 19,658 15,579 35.186 74,464 415.747 3.857 461,882 9. DEBTORS 31.3.2023 31.3.2022 TrJd¢ debtOfS- rents re¢eivabte Other debtors and preCallent5 20,763 36.536 57,299 17,252 70,923 10. CREOITORS.. AhlOUNTS FALUNG DUE wrrHIN ONE YEAR 31.3.2023 31.3.2022 Other orS and ar18 39,173 59.332 11a. ANALYSIS OF NET ASss BErEEN FUNDS- 31th Mah 2023 The nèt assets 01 the ntricted and res!rEIXt funds 8re 85 folk Unre5trfctod Restrlctsd Furtds Funds Total Funds Flxèd As58t5 Cu.Tonl Assets Current Liabilits"ès 416.404 215,945 139.1731 593,176 26.261 38,333 442,665 254,278 139,1731 657,770 Net a55*ts at 31 March 2023 64.594 11b. ANALYSIS OF NET ASSETS BETWEEN FUNDS- 31st March 2022 Unrestrl¢ted Restrl¢tad Funds Funds Total Funds Fixed Aat$ Current Assets Cuent Liabilittes 426.696 234,380 159,3321 601,744 35,186 60,989 461,882 29S,369 159,3321 697,919 N8t assets at 31 March 2022 96.175 Page 15
Carnbridge fyenlans Umlled Iumlted By Guarant841 Notss ContInL1. f¢)rniing pJri of thB Financlal StthmgTrts lor th• yearended 31st March 2023 12a. MOVEMENTS IN FUNDS- 2022r23 At 1 Aprfl 2022 Inry)ming (lrtgoirvJ Transfws At 31 March 2023 Rèstrfctgd Fund$ Allotments Meaningful Aetpiit Cily Council Homde55n&8s Grant County grant lor ex-offenders County grant for housing rdatl supw¥Nt (Jder Homde55 Support Mertsl Health Outreach Female Homdess SLppyt Apprti Prq'eLt Workef Vehld8 Fund Burs Fund Others 12,922 16.( 15,786 18,126 2,864 2.126 8Q,O 159,053 38.7CK) 84,2n 80.0(K) 159,053 63,449 77,7 4.041 37.687 12,938 6,538 3.782 259 34.2&5 8.925 4.150 1.6&5 25,3> 2,395 14,863 13,876 2.6T2 Tota restrfct&Y .175 401,120 437.950 5,249 64.594 Unrostrfctsd Funds Und8signated FurK15 DeSIgnat Gra1 Funds Totg uni&trlct& Fur 185.769 415,975 954.901 958.220 185.809 407,367 8.8 15,249 601,744 954.Wl 958,220 593,176 TotFJ funds 697,91g 1,356,021 1,396,170 657,770 12b. MOVEMewrs IN FUNDS- 2021A2 A11WI IrKomiThJ Outgoing Transfers At 31 March 2022 R•strlcted Funds Allotments MeaningfLJI Actiwties City Q>uFKiI Homdessness Grant County grant for EX-OffderS County grant for k,OUsir relth suwwt Oldw Home15 S.JJport Men'.al Hèa5th OLrtreach Femae HoTndess Support Vehlc1e Fund Bursary Furvl 4.716 5.733 17,839 14,561 5,0(N) 79,000 143.795 54.045 61.660 3.786 515 1,e02 14,561 79,( 143.795 15.¢XK) 27,785 76.732 37,687 33,875 7.567 3,782 34,285 6,545 13,876 8.147 15,839 Total reslrirted fun¢Js 113.1NJ2 383,766 55,825 96,175 Unrestrl¢tJ Funds UndesvJnated Gollera Funds Designat Gewal Funds Tota5 unrestrKtwJ Funts 177,578 425,LKK) 602.578 915,468 860,477 146,8001 19.025 55,825 185,769 415,975 601.744 915.46 860,477 Total funds 715.580 1,226.582 1.244,243 697,919 PURPOSE OF RESTRICTED FUNDS Allotrnent$'. Prothdlng a Ihwawtic Ibjticullure Jroj1 for homdess .en and Maanlngful ActIvI88. Offwng suptx)rt lo 1 C8mbr,ity Cyenians residenis to enabl8 th to more readily 8r£és$ &npit)ym&rt, tranlrg and volunteering. City Councll Homele55ne5s Grant.. For ts provision of Sem to homeless pw?le in nèed of siitpyt. P816
Cambrldga Cy¥#nlan8 Llmit•d Iumlted By Guaranleel Notès. conllnued formlng part of th? Ftnanclal Stemants for tho 3ffjar ended 31st March 2023 PURPOSE OF RESTRICTED FUNDS- Mntlnuad lotmonts: Provldip,g a Iier8peu p.ortsrLIlU proiO(xfor homeless rn8n 2nd worw. Meanlngtul Act1. Offerir,g support to 1 Cambridge c9nianS redents to enable them to rntsre readity access wrypbYMt. traning end wunteer.ng. Cambrldgeshlre County Councll EX•$ Fundlng.. For aLrnndating and supporbng 8x-off8nders at the Jubi19e Pxs'ect. Cambrtdgeshlre County Councll Fundlng: For FKWJSing rdated 8upw)rt Older Homelo8$ Support Providing prt to hweless men and %4Y)men over th8 age of 50 to enable th8m to acth5s and IBinta n sUtsb indepdent acoynrr¥)datlon. Mentsl Health Outr•aeh: A proiectto provlde spe(xalkst SUPFK•rt tr) homeless men and women currenty living in h)s;d ao>)rnrrK)dation and WPIQ have menial health Sssue8. Fgmalo Horn•l$ss Support.. Pn)lt(ur.ded by fkn Eriough MOth8r1 to provide support for homeless suth as contacl iyth their children Appr•ntJce Project W06T to fund an ho8[g woject Irker. Vèhlcle Fund Funds rwsed to aequire an de¢tri¢ van trj repl8 the Land Rover Burnary Fund: Don8iTr on$ end grants elVed to assL8t dentS %¥hen nTh)ving into thdr (Ywn o)mmodatiOn. Otr8. Nunwrous 5fnall granTS vthK have gratefulty received for spfiC purpose5 to fadlltats the supwt of individual rdents. 13. OPERATING LEASE COMMITMENTS 31.3.2023 31.3.2022 Lease IXKnMltntS at Iho yaar 610.263 694.870 14. ULTIMATE CONTROLUNG PARTY AND RELATED PPRTIES Througnout the y8ar the charity C¥)ntrol1.4)ITrUY by Lie Boare of Trustees. No member ofthe Board or any person Inr.8¢(8d to them weivpd any lees of 8xpenses from the ehanty during the yea., 12024f22'. £nil}. No member of Ehe Board or other person rolatgj to ihem any interest In any contract or tranOn enlored into ty th6 chaylty rturirvJ th8 year12021122.. £nll}. I& RECONCILIAMON OF NEf AIOVEPAEpif IN FUNDS TO CASH FLOW FROM OPERATING AcTIv5ES 2025 2022 Not movemgnt in funds Add bad( depr9ciation Deduct interèst incom8 IlncreaseyDecrease in dobtors and siock InveasdlDecreas81 in ttediLOfS Net cash u8èd In operating activttl•s 140.1491 22.058 11.4891 13,625 {20 1591 26.113 117,6611 5254 12,6641 129,4611 22.7D3 21,829 16a. ANALYSIS OF CASH PJ4D CASH EQUflALEiifs. 31st March 2023 At 1 Aprll 2022 Cash At 31 March 2023 Cash In hand Cash at bank 2.207 222,238 2.206 194,772 127,4661 27,467 224.445 196,978 16b. ANALYSIS OF CASH AND CASH EQUIVALENTS- 31st Mah 2022 At 1 Aprfl 2021 ash flows At 31 March 2022 Cash in hand Cash al bank 2,2r 693,079 1470.8411 695.285 470,840 2,207 222,238 224,445 Pagg 17