## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Vnrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| ||||funds|funds|funds|funds| ||||2022|2022|2022|2021| |||Note|2|||| |Income:||||||| |Donations and legacies|||767,931|117,080|885,011|973,097| |Charitable
activities|||8,810,107|4,004,316|12,814,423|11,653,624| |Trading income|||18,535||18,535|6,052| |Investment
income|||13,530||13,530|9,870| |Total income|||9,610,103|4,121,396|13,731,499|12,642,643| |Expenditure:||||||| |Raising funds|||318,154||318,154|216,739| |Charitable
activities
Total expenditure|||8,666,730
~SNM4|3,927,085
so70S5|12,593,815
~911989|11,643,408
12M0.14| |Net gains on irnssstments||||||| |Net income|||625,219|234,939|860,158|582,496| |Net movement
in funds|||625,219|234,939|860,158|582,496| |Reconciliation
offunds||||||| |Total funds brought|forward||2,439,224|598,629|3,037,853|2,455,357| |Total funds carried|forward||3,064,443|833,588|3,898,011|3,037,853| ## ||||Note||| |---|---|---|---|---|---| |Fixed assets|||||| |Tangible assets|||9|1,639J700|1,177.389| |Investment
property|||10|394dt51|354,223| |||||2,034,761|1,531,612| |Current assets|||||| |Cabtors||||4126,034|2,103,964| |Cash at bank and|in|hand||2,555,984|1,945,909| |||||4,682,018|4,049,873| |Liebilihes
Creditors.
Amounts||falling due within one year|12|~2,235,53|~2,241,9M| |Net cunsnt assets||||2,446,479|1,807,915| |Total assets less|current liabilities|||4,481,230|3,339,527| |Creditors: Amounts||falling due after one year||(583,2tgj|(301,674)| |Total net assets||||3,898,011|3.037,853| |The funds ofthe charity|||||| |Restricted income|funds||15|833,568|598,529| |Unrestricted
funds|||15|3,064,443|2,439,224| |Total charity funds||||011|3,037,853| ## |forthe year ended 31March 202|forthe year ended 31March 202|2|||||| |---|---|---|---|---|---|---|---| |'r4v4242liWASSFAArrvMiPir/AN/AFiÃY/rY/rYAlliPAVAi|||||||| ||||||Note||| |Cash provided
by operating
activlfies||||||878,123|464,582| |Cash flows item investing
activibes|||||||| |Interest||||||13,530|9,870| |Proceeds f
'sale offittings
Purchase
sets|and equipment|||||~523.440|29,000
~584206| |Cash used in investing
activities||||||~550,580|~045,
5| |Cash fkwvs from financing
activities|||||||| |Repayments
of borrowing||||||(16,468)|| |Cash inflows from new borrowing||||||308,000|310,405| |Net cash provided by financing|activities|||||291,532|310,405| |Change in cash and cash equivalents||in the year||||610;078|229,572| |Cash and cash equivalents
atthe beginrdng
ofthe year||||||"I49451909|1,716,336| |Total cash and cash equivalents|at the|end ofthe year||||~303IISI|1.045,8S| |Near A|||||||| |Reconciliation ofnet income to|net cash flow from operating|||acdvities|||| |Net income forthe year {asper|the statement offinanchd||acfivitles)|||860,158|582,496| |Adjustmenls
for.|||||||| |Depreciation
charges||||||'f10,599|101,846| |(Gain) on investments||||||(40,628)|| |Interest from investments||||||(13,530)|(9,870)| |Profit on sale offixed assets|||||||(3,984)| |(Increase) / Decrease in debtois||||||(22,070)|(1,267,022)| |increase / (deossse) in creditors||||||(I6,406)|1,061,1 'I6| |Net cash provided
by operating|activlges|||||878,123|464,582| |Note 8|||||||| |Analysis ofcash and cash eqtsvalents|||||||| |Cash
in hand||||||2,555,984|1,945,909| |Note C|||||||| |||||At 1 Apr||Non-cash|At31Mar| |Analysis ofchange in net debt||||2021|Cashflowe|changes|2022| |Cash and cash equivalents||||1,945,909|610,075||2,555,984| |Cash bcrrowin
go|||||||| |Loans falling due within one year||||(8,731)|16,468|(26,455)|(I8,716)| |Loans falling due after more than one year||||(301,674)|(308,000)|26,455|(563,219)| ||||~340,405||~291.532|-|~00103| |||||1 635 504|318543||1,954,047| ## ||Aocoungng
policies||| |---|---|---|---| ||The principal
accounting
policies adopted, iudgements
and ksy sources of estimation
uncertainty
in the preparation||ofthe| ||financial statements
areset out below,||| ||Basis of preparation||| ||The financial statements
have been prepared
in accordance
with the historicai cast|convention,
mcdiTied tc include|| ||investment
properties
at fair value, and
in accordance with the Statement
of Recommended
Practice - Accounting
and||| ||Reporting
by Charitiss (SORP2015) applicable to charities
preparing
their accounts|in accordance
with the Financial|| ||Reporting
Standard
applicable
Inthe UK and Ireland (FRS102)(effective 1 January|2019)and the Companies
Act 2006.|| ||Porchfight
meets the definition ofa pubfio benefit entity under FRS102.||| |1.2|Preparation
ofthe accounts on agoing concern basis||| ||The trustees have considered
the appropriateness
ofthe going concern assumption|for the preparation
ofthe financial|| ||statements.
In making that assessment
they have considered
fonrcasts for the period to August 2023,the twelve months||| ||from the date cfapprovd ofthese flnandal
statements.
The trustees have assessed|current contracts,
and the work|the| ||charity is doing to divemify income streams and they feel confident
in the charity's
abiTity to continue as a going concern.||| |1.3|Income||| ||Income is recognised
when the charriy has legal entitlement
to the funds, any performance
conditions attached tothe||| ||items are met,
it is probable that the income will be received and it can be measured|reliably.|| ||Donations
are mcluded as income when the cash twcomes receivable. For legaaes,|entitlement
is taken when there|hss| ||been grant cfprobate, the executors have established
that there are sufficient net assets in the estate to pay ths legacy||| ||and any conditions
attached tothe legacy have been met.||| ||Income from government
and other grants isrecognised
when the charity has entitlement
tothe funds. any performance||| ||conditiorioattached
to the grants have been met, it is probable that the inoome
will|be received
and the amount can|be| ||reliably vreas ured.||| ||Where grants are received
in advance, amounts
are deferred at ths year end as necessary.||| ||Other trading
activities relate to income
in exchange for goods orservices sold, at equal valve. Income is recognised||when| ||the charily has entitlement
to the funds and they can be reliably measured,
normally|upon mceipt.|| ||Income from interest on deposits is recognised
when its receipt is probabls
and the|amount
can be measured
reliably; this|| ||is normally
upon notificaticn
or payment
by the bank.||| ||Donated goods and services are induded as income where
it would otherwise
have|been purchased,
Amounts
are|| ||included
when received, at the value ofthe cost ofpurchasing
the goods or service|outnght
on the open market.|| |1.4|Expenditure
end Inscoverabte
VAT||| ||Afi expenditure
is accounted
for on an accruals basis and has been included
under expense categones that aggregate
afi||| ||casts for allocation to activities.||| ||Expenditure
on raising funds comprise the costsass~Wan
attraotlng
income from dcnaticns
snd legacies, together||| ||with investment
costs.
Expendfiure
on charitable
activities
includes
all costs~by a charity
in undertaking
activities that further
its||| ||cha itable aims forthe benefit of its benelidarios,
including tyrose support costs and|costs relating to the governance|of| ||the charity apportioned
to charitable
activities.||| ||Support coals Include central functions such as govemanoe,
finance, administrafion,|human
resoumes etc and have|been| ||allocated to activities on the basis ofthe direct expenditure
of the activities.||| ||Irrecoverable
VAT ischarged against the category of resources expended
for which|it was incurred.|| |1.5|Termination
benefits||| ||Termination
benefits are payable when employment
isterminated
before the normal|retimmerrt
date, orwhenever
an|| ||employee accepts voluntary
redundancy
in exchange forthese benefibr, The chwily|rscognises termination
benefit|| ||when
it isdemonstrably
committed
to either (i)terminating
the employment
of current employees
according to a detailed
formal plan without
possibility of withdrawal
cr gi) providing
termination
benefits as a resuk cfan offer made tc encourage||| ||voluntary
redundancy.||| ||Pensions||| ||The charity operates a defin~iv
uticn pension scheme. The expenses and any lability are allocated tothe activity
within the staff costs for that ~Wmfiarly
afiocatsd to restricted or unresh Icted based on the relevant staff costs for||| ||that fund.||| |1.7||Tangibki fixed assets||||| |---|---|---|---|---|---|---| |||Individual
fixed assets cosfing 21,000or more are capitalised ai cost.||||| |||Depreciation
is recognised soastowrite olfthe cost orvaluation
ofassets less their residual values||over their||useful lives| |||on the following bases:||||| |||Freehold property-2%
on cost ofthe building||||| |||Leasehold
property - over tile fife ofthe lease
~)tinge
—25%
i~r ofdepreciation
is charged
in the year of acquisition,
and none in ths year ofdisposal.||||| |||itsset investments
~ent
properties
are included
in the balance sheet at their open market value. No depreciation||is provided||on the| |||Fj)r~krfi. Net gains and losses on disposal and mvaluation
of investments
are chai)ed or|credited|to the Statement of||| |||Fjbftg@lg~ivity
(SOFA)||||| |||k and in hand||||| |")80||h ripfiagk and
in hand includes cash and short term highly
liquid Investments
with a maturity
of
the Ate ofdeposit.
~ed hgliday pay||less|than three months|| |||Provision
ie made at the balance sheet date for holidays accrued but not taken, at the salary of the relevant employee at||||| |||that date. The expected cost ofcompensated
shon-term
absence ji.e holidays)
Ischarged to the SOFA|||on an accruals|| |||basis.||||| |1.11||Fund accounting||||| ||-|Unrestricted
funds are available
for use at the discretion ofthe trustees
m furtherance
of the general||objectives||ofthe| |||charity.||||| ||—|Designated
funds are unrestricted
funds earmarked
by the trustees for particular
purposes.||||| ||-|Restncted funds are subjected to restrictions
on their expenditum
imposed
by the donar.||||| |||Funds transferred
cover deficits on restricted funds.||||| |1.12||Operating
leases||||| |||Rentals applicable to operating
leases where substantially
all ofthe bsnefits and risks of ownership||remain
with||the lessor| |||are charged to the SOFAas incurred.||||| |1.13||Financial Instruments||||| |||The Company
has elected to apply the provisions
of Seotlon 11 'Basio Finanoial
Instruments'|and Seotion 12'Other|||| |||Financial
Instruments
fasces' ofFRS102. in full, to all of its financial
instruments.||||| |||Financial assets and financial
liabilities are recognised
when the Company
becomes a party|to the contractual|||provisions| |||ofthe instrument,
and are offset only when the Company
currently
has a legally enforceable|right to|set|offthe|recognised| |||amounts
and intends
either to settle an anet basis, ortorealbe the asset and seffle the kability simultaneously.||||| |||Financial assets
Grants receivable and other debtors
(including~d income) which are recewable
within|one year and whio)ra)o nct|||| |||constitute a financing
transaction
are initially Iriafisbred at the transaction
price and subsequently
measumd
at||||sntcitlbed| |||cost, being the transaction
price less any amounts
settled and any irnpairrnent
fosses.||||| |||Financial liabilities||||| |||Olher creditors
gincluding
accruakt) payable within one year that do not constitute afinancing
transaction|||are Initiafiy|| |||measured
at the transaction
pnce and subsequently
measured
at amortised
cost, bemg trarwaction||price less any||| |||amounts settled.||||| |1.14||Critical accounting
estimates and judgements||||| |||In the application
of the charity's
accounting
policies, the Trustees are raquimd. kt iir5ke judgements,
estimates
and
assumptions
about the carrying
amount
ofassets and liabilities that are not ~~&parent
from other sources. The||||| |||estimates
and associated assumptions
are based on historical expenence
and otheryactors|that are considered|||to be| |||relevant. Actual results may differ from these estimates.||||| |||The estimates
and underlying
assumptions
are reviewed
on an ongoing basis. Revisions to|accounting
estimates
are|||| |||recognised
in the period
in which the estimate is revised
where the revision
affects only that|period,|or in the period ofthe||| |||revision and future periods where the revision affects both current and future periods.||||| |||Vefuatron oiinvestment
prcperfy||||| |||The carrying
value of the investment
properly
is stated at fair velum The charily uses a third|party valuer||for determining|| |||the fair value as detailed
in note 10to these financial statements,
however, the valuation ofthe charity's|||investment|| |||property
is mherently
subjectwe, as it is made on the basis of valuation
assumptions
wh&ch|may m future||not prove to be|| |||accurate.||||| |1.15||Prior penod adjustment||||| |||The apporbonrnent
of mcome and expenditure
v ithin charitable
activities has changed to three main||activay headings:||| |||Homelessness,
Mental
Health and Communities,
replacing
the previous
four as these better|reflect the nature of the|||| |||activities undertaken.
This has led to a redassiflcatlon
and a prior period adjustment
in the accounts. Tha comparatives||||| |||have been restated as a result. There ls no impact an the total comparative
income, expenditure,
overall|||staff numbers,|| |||result for the year or closing reserves at 31 Maroh 2021.||||| |Donations
and|tegacies|tegacies||Unmstricted|Restricted||| |---|---|---|---|---|---|---|---| |||||funds|funds||Total funds| |||||2022|2022||2022| |||||2|2||2| |Gifts and donations||||70D,5D5|117,DBD||817~| |General grants||||5,250|||55g50| |Donated goads|and services|||62,176|||62,176| |Total||||10 5!|117000||5807| |||||Unreetlioted
funds|Restricted
funds||Total~| |||||2021|2021||| |||||2|2||f| |Gifts and donations||||770,930|157,576||928406| |General grants||||25D|819||1,169| |Donated goods|and services|||43,422|||43,422| |Total||||014002|155575||070187| |Donated goods|and services relates tothe use|||of conference centres and software licences|at no or lrttle coal||to the| |charily. The value included|||isthat ofacqulnng|those sennces at the full open markel cost.|||| |Charitable
achvities||||Unrestricted|Restricted||| |||||funds|funda||Total funds| |||||2022|2022||2022| |||||2|2||f| |Homelessness|set!aces||||||| |Rent IAccommodation||charges||1,809,602|||1,809,602| |Kent County Council||||2,773,171|145,939||2,9ig,iip| |CCG income|||||445||445| |Local authority
grants||||154,166|799,106||953,272| |Delivery network|mcome|||176,575|||176476| |Other grants reoeivable||||3.|65.130
0u 00
,D2020,004754||| |Mental health services|||||||| |Kent County Council||||3,393,219|174.183||3,587,402| |CCGincome||||453,320|1,505,861||1,959,181| |Local authority
grants|||||19,663||19,663| |Delivery network|income||||222 714||222 714| |Other grants receivable|||||||33415| |||||3,846,539|18.|' '|855470| |Communities|||||||| |European Social|Fund income|||50,054|||951,157| |Local authority
grants|||||||25Af72| |8ig Lottery Fund
RRLI fnoorne|||||173.515
21,846||173415
21~| |Othw grants receivable||||50.054|16,224
',Zl, 00|18224
~7007 14|| |Total||||~070 07~070||~20
23|| ## ## ## ## ## |||||| |---|---|---|---|---| |fnvestmerrt|income|||Unrestricted| |||||funds| |||||2021| |||||2| |Rental income from mvestment||property||9,870| |Total||||| |Rarelng funds|||U~|Unrestricted| ||||funds|funds| ||||2022|2021| ||||E|E| |Expenditure|on raising donations|and legaoies|318,154|216,739| |Total|||212124|21212| ## |There hss been no cha|nge
in the overall|total expenditure
for the pri|or year on the face o|fthe SOFA. Sse not|e 20.| |---|---|---|---|---|---| |Charttabkt acSvtdes|2021||Mental hesah||Total| |||||Commun@en|2021| ||||f||f| |AcdviUes undertaken|dlrecgy||||| |Staff coals||2,687.328|1,727,758|1.214,522|5,6296608| |Premises casts||1,251,136|81,477|46,135|14)78,748| |Delivery network fees||612.350|2,143,787|373,957|S,1$0,094| |ONce casts||137,962|57,339|27,979|223,280| |Tenant welfare fund||169,428|32,405|73,328|275,181| |Sundry expenses||3,742|282|469|4,49$| |||4,861,946|4,043,048|1.736.390|108416384| |Support costs|||||| |Governance||17,869|'I4.859|6,381|39,109| |Management
5 administration||144,735|111,714|42,772|299~| |Finance||95,649|73,827|28,267|197,743| |Human
resources||46,043|35,538|13,607|95tt$$| |Communications||276,081|2'I3,093|81,588|570r~| |||580,377|449,031|172,615|1,2~1K.| |Total||~3463|~430 068|699405|11919~10| ## |||||||||||||||||||||2021| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||||||2|||2| |Salaries and wages|||||||||||||||||SWSgg26||5,475,614|| |Social security casts|||||||||||||||||486,747|||465,682| |Pension costs|||||||||||||||||280,008|||278,400| |Total|||||||||||||||||6,449479||8,217,696|| |Included
in pension costs above is an amount||||||erQQ'lg53 12021:243,401)relating|||||||to restricted expenditure.|||||||| |Pension contributions|of 241,728|||(2021;F3908(1)wnis||||1)a)fable at||the|year end.|||||||||| |Redundancy
payments||totalling|276,885||(202'L &42)wars inade|||||in the year. No|||amounts||||were outstanding|at|the|year| |end (2021:2ni0.||||||||||||||||||||| |The number of employees
whose||||emoluments||fell within||ths following|||bands were:|||||||||| |||||||||||||||||||||2021| |Pl10,000 - 2120,000||||||||||||||||||||| |The trustees did not receive any remuneration||||||or benefits in kmd|||in either year gnil|||||(2021:Eng) was paid as||||||| |reimbursement
oftravel||expenses||iothe|trustees.|||||||||||||||| |The key management|personnel||ofthe charity|||compnse||the trustees and the leadership||||||||team. The total amount|||of|| |employee
benefits af|the key management||||persannel||was 2384gg4 (2021:2383,636).|||||||||During fhe year no new|||staff loans|| |were paid to key management|||personnel||(2021:Pnil),||and no amaunts||||were outstanding||||||at the year end.|||| |The average number|of|employees||during|the|year was||as follows||(the 2021 numbers|||||have been restated|||||| |reclassification
of activities under||||the three directorates):||||||||||||||||| ||||||||||||||||||2022 number|||| |Hametessnesa
services|||||||||||||||||99|||| |Mental health services|||||||||||||||||76|||57| |Communities|||||||||||||||||23|||41| |Management
&administration|||||||||||||||||31|||33| |Total||||||||||||||||||||| |Movement
in total funds for|||the )assr|||||||||||||||||2021| |||||||||||||||||||||2| |Thia isStated after charging:||||||||||||||||||||| |Operating
leases —equipment|||||||||||||||||46,868|||40,167| |Operating leases- land||and buildings|||||||||||||||S44,087|||3280748 . .| |Depreciation
Prafit on disposal ofAxed~|||||||||||||||||1100199|||'IIXtP48
3,984| |Aufgt@"s mmuneration||for statutory
audit||||||||||||||||||0| ||||||||||||||||||Fixtures,|||| |||||||||Fmeh ski|||Leasehold||||||Stnngs end|||| |||||||||pmperty|||property||||||equlpt|||Total| ||||||||||2|||||2|||2|||2| |Gast||||||||||||||||||||| |At 1 April 2021||||||||636,735|||610,999||||||637,133||'1,884,887|| |Additions||||||||454.172|||||||||118,938|||S73,110| |Dispasals
At $1 March 2022||||||||000000~000|||||||||(7.080)|||| |Depreclatlan||||||||||||||||||||| |At 1 April 2021||||||||16,117|||203,013||||||488,348|||707,478| |Charge far the year
Disposals
A181 March 2022||||||||13,021
00000|||4,167
93,341
110,699
.~000~00n
00
000~0000
000000|||||||||| |Nst book value|||||| |---|---|---|---|---|---| |At31 March 2022||1&081&698|40$&819|174382|'f 839&800| |At 31 March 2021||620,618|407,966|148,785|1,177,389| |Included
In freehold|property above is land|at avalue of2436,636(2021'I|2254,694) which Is|not depreciated.|| |Intesbnent
fnogsfty|||||Total| ||||||2| |Included
In freehold
property abo|Included
In freehold
property abo|ve is lan| |---|---|---| |Intesbnent
fnogsfty||| |Fair value||| |At 1 April 2021||| |Gain on revaluatlan|af Investment|property| |At 31 March 2022||| ## ## ## ## ## ## Porch ight O porchlight.org.uk fl W @ Porchlight1974