Charlty registratlon number 279962 Company registration number 01486298 (England and Wales) CHRISTIAN FAMILY CONCERN ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
CHRISTIAN FAMILY CONCERN
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Miss S April - Chair | |
|---|---|---|
| Dr D A Brown | ||
| Rev D A Rogers | ||
| Mr D S Smith - Vice Chair | ||
| Mr L M Thomas - Honorary Treasurer & | ||
| Company Secretary (from 7th May 2021) | ||
| Mrs P Thomas | (Resigned 1 May 2021) | |
| Mrs J Williamson | ||
| Mrs K H Ferguson | (Appointed 27 September 2021) | |
| Charity number | 279962 | |
| Company number | 01486298 | |
| Registered office | Wallis House | |
| 42 South Park Hill Road | ||
| South Croydon | ||
| Surrey | ||
| CR2 7YB | ||
| Independent examiner | Miriam Hickson FCA | |
| Jacob Cavenagh & Skeet | ||
| 5 Robin Hood Lane | ||
| Sutton | ||
| Surrey | ||
| SM1 2SW | ||
| Bankers | Barclays Bank plc | HSBC Bank plc |
| 1 North End | 1 Aldermans Hill | |
| Croydon | London | |
| CR9 1RN | N13 4YE | |
| CAF Bank Ltd | ||
| 25 Kings Hill Avenue | ||
| Kings Hill | ||
| West Malling | ||
| ME19 4JQ | ||
| Solicitors | Wellers Law Group LLP (incorporating | Cooke Matheson) |
| Dixon House | ||
| 72-75 Fenchurch Street | ||
| London | ||
| EC3M 4BR |
CHRISTIAN FAMILY CONCERN CONTENTS Page Trustetss, report Independent examinerfs report 12 ststement of financial activities 13 Balan sheet 14-15 Statement of cash flows 16 Notes to thè financial statements 17-27
CHRISTIAN FAMILY CONCERN TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The Iruslees are pleased to present their report and financial statements for the year ended 31 March 2022. The finandal statemen15 have been prepared in aCrdan with the accounllng pollcles sel out In note 1 to the financial statements and ¢omply with the charills governing documenl, the Companies Act 2006 and Accounting and Reporting by Charities.. Statement of Rewmmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 leffe¢tive 1 January 20191" STRUCTURE GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT The organisation is a charitable company limited by guarantee, incorporat8d on 19 March 1980 and registered wllh Ihe Charity Commission under number 279962. The objècts and powers of the company are established under Memorandum ol Association and the Charity is governed under ils Articles of Association which were last revised In 2001. In the event of the company being wound up Members are required to conliibute an amount not exceeding £1.00. There are 37 Members ofAssociation as al the end of Marth 2022. TRUSTEE RECRUITMENT, INDUCTION AND TRAINING The aim is to maintain an appropriate mix of skills and ba¢kgrounds on the rnanagemenl committee and where possible reflect aspects of the wide backgrounds of our service users e.g. gender and elhniclty. Present Trustees and their baGkgrounds'. Sandra April is a retired Nurse Manager with experience of workSng in setvices for children and families. Anne Brown is a retired doctor and is currently working as a relationship couns811or. Kathryn Ferguson is a social worker with experience of supporting families and women. David Rogers is 3 serving church minister, has been a school governor and has a record of Gharilable and community work. D8vid Simon Smith is a retld teacher and a current school governor and has a record of charitable and community woik. Lyndon Thomas has experience of senior management in a large Commercial company. His acumen ts in logic. fin8n¢e and org2nisalion. Pètunia Thornas Is active in several spheres including [lect management. coaching and mentoring. and leadership training. Jean Williamson is a retld teacher with experience in Early Years, still very active in working wth young ¢hildren at her local church. New Trustees re1ve.. 1. A link lo the publication "The Essential Trustee.. what you need lo know. publication by the Charity Commission. 2. Memorandum and Articles ofAssociation 3. Most recent annual report and developnenl strategy 4. Minutes of recelll Trustees meetings 5. Christian Family Concem objectives for the current year New Trustees will have mel wllh both the Chair of Trustees and the Chief ExeGUtive Officer and will have a one- to-one meeling with another Trustee subsequent to appointment. Trustees are either drawn from the oxisting membership of the charity Ihavlng some knowledge of Christian Family Concem) or recruited into Membership wth a view lo taking on trustee responsibilities immediately. All Trustees need to be able to demonstrate an a¢live Christian faith and an ability and commitment lo uphold the Christian ethos of the d)arlty. They are encouraged lo participate in areas of the charily where their skills are best suited.
CHRISTIAN FAMILY CONCERN TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2022 All Twstees are volLJnteers appointed subject lo obtaining an Enhanced Disclosure from the Disclosure & Barring Service lin keeping with both the Charity's own Child protection policy and legal requirements for organisalions working with Ghildrenl and approval by Ofsted where necessary. RISK MANAGEMENT Risk management is embedded in the work of Christian Family ConG8rn and all those involved in the Charity. Thè TrustÉes have considered the major risks to which the Charity is exposed and have developed a risk management policy lo mitigate exposure lo these. The different types of risk to which the Charity may be vulnerable include. Damage to putatIOn. Receiving less funding, fewer donatsons or losing money through inappropriate investments. Change in the Govemment's policy on a particular issue, affecbng grants or contracts. Key staff leaving a small Charity Any other issues threatening Ihe operational viability of the Charlty Reduction in income in opérab.onal areas. Christian Family Concem's policy is to identify any potential risks that could prevent the Charity from meeting the needs of its beneficiaries by putting in place processes that assess and manage each risk. In this it follows the Rlsk Management Model recommended by the Charity Commission. ORGANISATION STRUCTURE The Mambèrs of Assoaation appoint Trustees who monitor, evaluate and strategically manage the work of the Charity. The Trustees are also responsible for appointing and thereafter supervising the Charit$ Chief Executive Officer. They hold at least six meetings per year in which they consider détailed reports from all areas of the charity. In accordance with our management structure, the Chief Exe¢utive OffIr lakes SponsIbl111Y lor ihe opèrational managemenl of all services. The Chief Executive Officer also contribLJtès lo the Trustees, strategic direction of the charity and rneets regularly with the Senior Managèm8nt Team. All job d&s¢riplions provide clear lines of a¢¢ounlabilily. Members of Association Trustees CEO Senior Management Team Staff and Volunteers
CHRISTIAN FAMILY CONCERN TRUSTEES, REPORT (CONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2022 SENIOR MANAGEMENT TEAM Mari WallÈrs held the post ol Operations Manager until the end of May 2021. The Charity was restructured in May 2021 meaning Upendo Jordan who had held the post of Finance Officer was then promoted to CEO in August 2021 and Megan Wreford who was Previously A Housing Support Worker was promoted to S8nior Housing Support Officer in June 2021. Sharon Williams joined as Financ8 OffiGer in November 2021. Heather Tarling held the post of Adminlstratlon and Comrnunications Officer until October 2021 when Chloe Lindsey look on the rolts of Charily Adminislralor. Radika Jordan w35 the Nursery Head Teacher from February 2021 until February 2022 when Jean Williamson ITTusleel, took on the temporary role as Nursery Manager. RELATED PARTIES The Charity's past history as an 8doplion agency means that we still have Members and supporters from all around the UK including some ¢hur¢hes outside of Croydon. A number of churches in the locality lake an interest in our work and make regular requests for speakers. Many Churches continue to support us with prayer bul eleven ¢hurcheslgroLJPS SUPPOrted us financially this year". ethel Welsh Congregation Church, Swansea Croham Road Bapb'sl Church, South Croydon, Surrey Emmanuel Church, South Croydon, Surrey Sanderstead URC, South Croydon, Surrey Selsdon Baptist Church, South Croydon. Surrey Sl George's Church, Wrotham, Kenl St Peter's PCC, South Croydon, Surrey The Vale Gospel Hall. Coulsdon. Surrey The Church of the Holy Saviour, Croydon. Surrey Waterfoo Road Fe Church, Uxbridge, Middlesex World Outreach Christian Fellowship, South Croydon, Surrey Beracah and Wallis House Bedsit schemes are both registered as Houses in Multiple Occupation with Croydon Houslng Department and are subject lo regular inspection by Environmental Health. The Housing Department and Social Services at local Goun¢il$ along with the Family Nurse Partnership ar8 regular referrers to the bedsits and in effect were purchasers of our services in this financial year. All monies received in this F8spect were by way of payment for setvices provided and not in the form of gmnts of any sort. We subscribe to a number of organisations such as the National Council of Voluntary Organisalions, Nation81 Day Nurseries Association, Nursery World, RegiSted Landlords Association 8nd Croner HR Services. OBJECTIVES AND ACTIVITIES MISSION STATEMENT Christian Family Concern seeks to 8xpress the love of Christ in action. 11 provides services to help parents meet their children's needs, lo support the welfare of young people, and works with all sections of the community without discrimination. Our charitable purpose as Statad in our governing document - 'is th8 relief according to the principles and practice of the Protestant Evangelical Faith. .of children. persOnS.....pa nts and pregnant women in need of care and protection,. .young
CHRISTIAN FAMILY CONCERN TRUSTEES. REPORT (CONTINUED}(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 OUR PRINCIPAL ACTIVITIES In pursuit of this purpose, we have for the last year bsen operating.. BIRDHURST NURSERY A fifty-six place registered Day Nursery for ¢hlldren under five. The last inspection in January 2022 rated the serwce as 'Requires Improvem8nl'. An improvement plan has been developed and the implernentation of this plan has commenced lo ensure that the standard of the nLJrsery provision achieves a higher rating al the nexl inspection. BEDSIT SCHEMES The Charity runs 2 bedsit schemes with a total capacity of 21 units. We provide short-term, semi-independenl accommodation currently funded through Intensive Housing M8nagemenl monies. claimed as housing benefit by our service users. Wallis House Bedsit Scheme is primarily for 10 first-time single molhers and pregnant young women usually in their Isens whereas Beracah Bedsit Scheme is for slighdy older single mothers and pregnant women wilh lower- level support na@ds. ACHRISTIAN COUNSELLING SERVICE The counsellors have continued to offer a service via zoom during this year and have seen an increase in demand for their service. Thè number of sessions averaged 26 per month this year. In all that we do, in keeping with our purpose, we alm lo express the love of Christ in action. OBJECTIVES FOR THE YEAR UNDER REVIEW l. Services To maintain a 8ustsinable Christian charlty operating a range of high-quality services relevant to.. the needs of homeless young mums and their children the needs of families in the local communlty seeking nursery provision the wellbeing of individu815 who may be helped by empathic counselling Thè occupancy of the nursery and the bedsits have both Improved- recovered signlficantly- over the course of the yéar, posl pandemic lows. This Gonfirms that there is still a vilal need for both of these seryiGes. The counselling services returned to facé-to-fa¢e meetings in January 2022 and now offer both online sessions and facè to face meetings. 2. Properties Beracah roof to be reconstructed. Continue to work through the planned maintenance schedule. Introduce a rolling budget for the replament of furnlture. The mof on the Beraeèh building was fully replaced and maintenanc•/ropair work was completed to the roots on Wallis house and the Nursery buAldlngs In Dècèmber 2021. 3. Trustees Recruit additional Trustees as appropriate. Recruit and appoint a Chair of Trustees. Put in place an effeolive Business Continuity Plan. A new truste8 (Kalhryn Ferguson) was appointed over the course of the year. A new Chair of Irustees (Sandra April) was appointed in March 2021 and has continued in the role supported by Simon Smith as Vice chair. Whilst there is no formal written business continuity plan in place, the Trustees have had to make dècisions impacting on businéss continority during the pandemic. It is hoped Ihal a documented buslngss ¢ontinuity plan will be completed In the next financialyear.
CHRISTIAN FAMILY CONCERN TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2022 4. Training Encourage all staff lo engage in CPD provision Is made for this. Continual Professional Development and ensure It has been difficult to implemènt this objéctivé over the past year because of Ihe changing landscape dué to Covid. All staff hav8 undgrtakon tho mandatory training requirèd for thelr roles. 5. Stsffing Maintain a good rapport between Trustees and staff through regular visits on sile and through individual trustees engaging with specific services. Review and implemenl a staffing structure for the charity which aligns to current needs. Introduce a Who Does What document for the whole charity lo assist in good communication. Develop an effective programme of Personal Development Review for all staff, providing training as requid. Now that Covld restrictions have been eased trustees are s8en mora regularly on site. Staff are able to access tho trustees directly at the new email addr8ss of chair christianfamil ¢oncern.or Implementatlon of the new staffttng structure is still a work in progress. The Head Te8cher appointed in Fèbruary 2021 left Chrlstian Family Concern in February 2022 with a new Head Teacher appolnted in Aqay 2022. A Chief Executive Officer was appointed August 2021. A template was developed to gather Information about'who does what, but the collection of the data has nol been completed yet. It is hoped that this will be completed in the next financial year. 6. Funding Re-establish sustainable occupancy for nursery and housing services. Increasè our fin8ncial support from the Christian community in and around Croydon. and also from grant giving bodies in general. Develop a fundraising case for support in order to maintain and develop our expanding services lor the future,. allocating this rolè to thè Finance and Property Officer. As noted in 1 above, the occupancy levels of both the Nursery and bed5its have recovered significantly after a vèry dlfflcult perlod of the Pandemic. However. wè finished thè flnancial year havlng entered a time of high inflation which is likely to méan, larger than usual salary increases, the need for higher fee levels, and thus pressure on thè household expenditures of our clients. A delicate balance will be needed irj order lo maintain Ihose occupancy levels. 7. Support Re-develop contact with Croydon Chur¢hes Forum. Create one new Christian Family Concem website lo incorporate the Nursery as well. Create a promotional video. Visits to local churches. The Croydon Churches Forum network was largety inactive during the pandemlc preventlng mèaningful contact. Likewise, many supporter ¢hurches continued to operate seThices online, reducing possible visits. Updaling of the webstite and a promotional video were both held over until sufftabla staff were post and funds available.
CHRISTIAN FAMILY CONCERN TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT} FOR THE YEAR ENDED 31 MARCH 2022 8. Nursèry F2ci1it8le excellent childcars for all children in¢luding those with additional needs. Develop good communication and working relationship with the SEND team. The Ofsted inspection of the nursery has idèntified some areas for improvement and thls has been addr8ss8d by the development ofan 8¢tion plan whieh is being implemèntèd. 9. Hous5ng To appolnt a Housing Support Worker and build a cohesive housing team. Establish a strudured programme of developmental outcome5 tailored lo the individual needs of eaoh bedsit residènt. Set up a 'baby bank, to supply equipment toys and clothes to mothers in the community. The housing support team consists of Housing Support Offlcèr and Iwo Housing support workers. Thé téam have established a structured programme of developmental outcomes tailored lo the individual n88ds of each bedsit resldent. 10. Counselling Assess the future needs of the counselling seNice. rhe counselllng s¢rvi¢e has Gontinued on line and in peon during the year. There has been no formal assessment of Ihe futurè needs of the counsélling service but It Is cléar there is still a demand. 11. Ethos Ensure staff recruitment in¢ludes the consideration by ¢andldates of the Christian ethos of Christian Family Conoem. Look for ways to strengthen the Christian ethos through the life of the charity. Pursue all the foregoing objectives in 8 Way that expresses and prornoles our Christian ethos. consistently measuring all we do against our Christian idenlily. When recruiting to key roles such as Nursery Head Teacher a questlon Is now included In the inteNi•w exploring how the potentlal employee would promote the Christian ethos of the ¢harity. Thé ¢harity has introduced a 'Values and Behaviours, document in linè with our Christian beliefs whlch provldes clear identification to staff and seNice users of the ethos of the charity. This is included in all candidale paGks for prospectlve applicants and can be s8en on the website. Monthly stafflTrustee prayer meetings were re-instated as soon as Government pandemlc tsstrictions were lifted. The Trustees hève now added a yearly Trustee prayer meellng to the calendar of m8atln9s. which is used to seek God's dlrection for the Charity. Summary It has been another Ghallenging year in the lrfe of the charlty and as such the achlovement ofsome of the objective s set has proven difficult. As is our usual practice at thg énd of the financial yoar Ihé Trustees set the objectlves for the year ahead. It is clear that there is continued demand for the seNices we offer. We are not anticipating any significant changes to the seryices offered,. however, we are planning to be more efficienl and effective in all areas of the charlty.
CHRISTIAN FAMILY CONCERN TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 PERFORMANCE DATA- NURSERY BIRDHURST NURSERY 2020 - 2021 2021 - 2022 Totsl number of children using the semce Total number of sessions of childcare used (based on 2 sessions per dayl 107 144 10,262 19,728 Overall percentage occupancy through the year 36° 70% Number of days the seNice was open 190 249 IRDHURST ERY PRE-SCHOOL 2021- 2022 2021 2022 was a challenging year due lo the Continuing impact of the pandemic which affected our staffing levels. The focus for the Nursery was to Inased occupancy in line with the ratio slalistiGs for stsff and ¢hildr$n's nLJmbers. Whilst a number of staff had been furloughed, a few rem8ined lo SuMe the Nursery provision and subsequently further staff appointments were mad8, thereby allowing the occupancy levels to be increased. Areas of learning.. Personal, Social and Emotional D&vèlopm&nt (Prime areal Communication and Language IPrime areal Physical Development (Prime areal Literacy Development Mathematics Understanding the World Expressive Arts and Design We were able to assess the developmental levels of those chIldn attending at the end of the summer temi 2021, prior to their leaving us lo enter mainstream or specAalisl education sellings. Thos8 lev&ls may below the expected levels of development but in view of the disruptive nature of the previous year, they would not give cause for concern. A restructure of the nursery was carried oul which included the decision lo appoint a Head Teacher with a greater focus on the children's education. welfare and well-being. A Head Teacher was appointed to this new role on 8th February 2021 and stayed with us until 28th February 2022. PERFORMANCE DATA- BEDSIT SCHEMES WALLIS HOUSE 2020 - 2021 2021- 2022 Total number of mothers accessing the service 26 26 Percentage Occupancy Child protection or child welfare issues BERACAH BEDSITS 86% 870h 17 2020 - 2021 2021 - 2022 Total number of Mothers accessing the s8rvicÈ 17 18 Percentage Occupancy Child protection or child wolfare issues 53¢ 880/0
CHRISTIAN FAMILY CONCERN TRUSTEES, REPORT (CONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2022 PERFORMANCE DATA-BEDSIT SCHEMES Our HoLJsing related Support services, worked with 44 Families during the year Isome families lived in both buildings durin9 the yÈarl- Of the 44 families, 15 families had accessed the service in 202012021 29 families continued lo access the servlce Ihr¢Jugh 202112022. 15 families movèd on successfully to independent living. 4 moved on from the service to access accommodation that could provide 8 higher level of support than what we are 8ble to offer them. 1 family was evicted due lo bad behaviourlnol adhering to the house rules. Through the year 4 of our mothers returned to education. Many of the mothers arè unable lo commence education due to the timlng of the birth of their ¢hllO and will be encouraged lo enrol in education thè following year. Many of our families acc8ssing the services recèive support from extem81 services. 10 families eng8ged with the Family NLJrse Partnership, which is a heallh-based servi¢e for mothers under the age of twenty. They work with families from early pregnancy until the child Is two years old, providing support and parenting skills whilst ensuring the child is developing appropriately. The housing staff liaise with the Family Nurses to enhance the support we joinlly offer. The Family Nurse Partnership contlnues lo be responsible for slgnposling a large number of referrals to our accommodation. 25 of our families have been known to Children's Social Carè and hadlhave allocated So¢i81 Workers. 11 of these families were either subject to court proceedings or the children were on Child Protection plans, these families required a higher level of support from the housing Support Team. The Supported Accommodation occupancy numbers have significantly improved since the Covid-19 lockdown period. More professionals were able lo comrnence home visits, meaning that we received more referrals. This isn't reflected in the numbers this finanaal year due lo around 213 of this year falling within the lockdownlcovid 8ffe¢led period. We have also developed a Christian Family Conc8m Supported Accommodallon Support Model, put together by the Senior Housing Support Offi¢er specifically with our residents in mind. Our Support Model aims to help our residents gain a b8tt8r understanding of their ¢urrent situation. working together with them to provide knowledge 8round independent living skills enabling them to then move on successfully into independent living. This support model ensures that all residents receive an equal service whilst providing guidelines and approximate timesc8les for support staff. When developing an(J reviewing support plans, staff will ensure that each resident's individual needs are taken into ¢onsideralion lo ensure that the support is tailored to them. So, while work will centre round the Housing Support Model, each resident's journey with Christian Family Concern will unique. This year for the first time, we have 3 staff members working within the Supported Acoornmodation. Two full lime staff metllbers working one to one with the residents, and 8 Part time Support Worker. The extra hands have allowed us to develop an amazing group-work programme offering cooking Sessions, messy play sessions. fun 8rt and craft sessions and fun garden sessions planning ahead for the spring and surnmer months. We have also planned day trips out with the residents. PERFORMANCE DATA- COUNSELLING SERVICE At the beginning of the last year counselling continued lo be constrained by Covid regulations and much of the work carried on Zoom. In September 2021 we began to see g majority of clients in person with a few opting lo remain on 200m for various aSonS. Following the lifting of all Covid rèstrictions, the counsellors prèferred to see all new clients face lo face, meanlng they would be restricted to seeino clients from the local area, and only between the office hours 9am to 5pm. Those clients who had opted lo continue their sessions vi8 Zoom were given the option to complete their counselling that way.
CHRISTIAN FAMILY CONCERN TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 In terms of enquirfes. we had several at the beginning of the year which decreased for a time around the Chrisimas period. Towards the end of the financial year, we begun to see an increase again to the point that we are considering the need to appoint another counsellor in the nexi financial year. Over the past year, Christian Family Concern has continued to support many counselling clients by offering mean5 tested bursaries to cover the c051 of their session's dependent on their circuMstanS. There is continUo(J demand for the counselling serwce end ovtsr the next yèar w8 shall be asking each client who finishes 8 course of counselling lo complete a questionnaire on their experience to review both the Cent effiGaGy of the service, and to explore how it might possibly be improved in the future. COUNSELLING 2021- 2022 otal Number of Counselling Sessions. Held 186 otgl Number of Clients Attending Counselling 20 otal Nurrber of New Assessments otal Number of Staff Supervision Sessions. 43 Each se&sion is an hour FINANCIAL REVIEW The financial year ended 31 st March 2022 produced a deficit of £44.402 compared with a deficit of £33,789 In the previous year. Income from fees and rents was £827,138 and was up £225,202 on the previous year. Charitablè activitias expenditure was also up by £113,094 at £991.059. DonatSon and legacy incom6 rose by some £40.000 on the previous year, up to £121,000. W8 are, of course, very grateful to 5UPPOrters who remember us in their Wills, but we ¢annot rely on such 9enerosity in our budgeting prOS$. The £44,402 defi1 meant that our funds, restricted and unreslrfcled, fell to c. £1,085,000 which is totally consistent with the Trustees. agreed policy in respect of the reserves required to sustain the Charity on an orYJoing basis. FUNDRAISING We do not use any outside oroanisalion lo help with our fundraising. We publish a newsletter three times a year which Is sent to our members and other SLJPPOrters, and in those publications, we may ask them lo support new initiatives. Occasionally, we will make an application lo a grant making body for financial support. We received no complaints in respect of our approach lo fundraising in the year to 31st March 2022. PUBLIC BENEFIT As indicated in previous reports the Trustees a aware that charity law and guidance from the Charity ComFnission ruIre us to report on how we provide 'public benefil, and we have had due regard lo Ihern when planning the ch8rily's activities. All of our activities fil with our ¢haril8ble purposes as set out in our goveming documents and are entirely charitable IN nature. Many of the Birdhurst Nursery ehildfftn are on Earfy Years funding. Some of the young mothers in our bedsit 8¢commodalion have been able lo access childcare funding through the Care to Learn Scheme. which enables them lo further their education whilst their child allends the Nursery. The Charity also offer a high level of public benefit in ils counselling provision. Most ¢l*nts are on benefils and can only make voluntary contributions which are augmented by bursaries.
CHRISTIAN FAMILY CONCERN TRUSTEES, REPORT ICONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 INVESTMENT POLICY The Trustees have decided that so long as investments lolal less than £200,000, M&G Gharibond is an appropriate collective investment scheme. If the investments exceeded £200,000, or Christian Family Concern was given specific inveslmènls, the Trustees would reconsider that policy. RESERVES POLICY Christian Family Concern holds funds at levels that Trustees determine from time to tlme (see below). Reserves are held in keeping with the charity's investment polici&s involving a bw level of risk. These funds are held for the purposes below. The charity is careful. prayerful, prudent and detailed in its financial planning and monitoring le.g. comprehensive budgets and monthly management accounts). These are the ¢harflWs primary tools in managing financial risk. 1. Cash Flow Managèment To manage the day to day, week to week and month to month variations in income and expenditure and ensure that the chaiily can operale Èffectively, paying bills as they fall due, and providing services without interruplion. 2. Contlngeney To cover unfoiÉseen deficits, wè take account of.. Fore¢asls of levels of eamed and voluntary income 2 - 3 years ahead (a b'mescale intended lo allow for remedial action). Levels of expenditure related lo the charity's activities over the same period. The relative reliability or vulnerability of income sources related to each of the charity's adivilies. An analysis of ¢onlingencies or risks that includes judgemenls of the likelihood of them occurring and the potential consequsnces. 3. Refurbishment An 8s18blished planned maintenancè progrdmme is in place,. this considers long tem7 projects and the anticipated capital expenditure in the years ahead. Roofing work which exlended to all three of otsr buildings was Goll7pleled during the y8ar at a total ¢osf of £136,822 including VA T. Of that cost £120, 175 was paid out during the fin8ncialye8r. £46,630 ofthat expenditure w8s capitalis&d. Routine maintenance and repair5 are covered within the charivs annual budget and spending plans. 4. Devolopm•nt The charity's current adivities arè planned so that ongoing costs can be reasonably expected lo be met by e8rned and voluntary income on a yearly basis. From time lo lime Ihe Charity maylwill identify new areas of work unmet needs that fit within the objectives ol tha charity or ways of extending or daveloping existing services that require 'start up, funding, whether capital or revenue. Pot8ntial developments will vary in scale, some of which have a longer 'gestalion' periocs and require larger surns meaning a balan might b6 retsined in the development ftjnd for rnore than a year or two. From time to time in ils history Ihe charlty has. like others, had to end or withdraw from p8rticular activities or services. This leads lo some closure costs. In most cases closure costs are likely to be covered by drawing on each of the four areas as set out below. The charity can, of COLJise, only hold reserves 8t or above the minimum where our incomelassets allow. This policy, as well as the designated amounis. is r&ewed and either confirmed or amended on a yearly basis by the TrLJStees. Indeed, the TTUStees keep all the Charity's various policies under continuous review. 10-
CHRISTIAN FAMILY CONCERN TRUSTEES, REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2022 4. Development Icontinuedl Suggested level of reserves that the Charity should aim lo hold for 2022- 2023 are.. h Flow Mana emen £ 45.000 £ 50,000 Con ne Fund £ 80,000 £100,000 Refurbis Fund £ 25,000 £ 50,000 Develo ment Fund £ 25,000 £100,000 TOTAL RESERVES.. £175000 £ 300 000 Currently the charity holds investments in the sum of £143,894 (see note 101. Tangible fixed assets stood at £746,857 (see note 91. Additionally. at the end of this reporting period our net current assets were £194,228. STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees Iwho are also directors of Christian Family Concern for the purposes of company 18wI are responsible for preparing the Trustees, Report and the financial statements In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢pted Accounting Praclicel. Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trusteès have elected to prepare the financial statements in accordance with United Kingdom Accounting Standards Iunited Kingdom Generally Accepted AoUntIng Practice). Under company law the Trustees must not approve the financial stslements unless they are satisfied that they give a true and fair view of the stale of affairs of the charitable company and of the incorning resourGes and application of resources, induding the income and expenditure, of the charitable Company for that pericKJ. In preparing thests financial slalements, the Trustees are reqUId to-. Select suitable accounting policAes and apply them conslslenlly; Observe the methods and principles in the Charilies SORP., Make judgements and estitllates that are reasonable and prudent.. State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements-, Prepare the financial statements on the going concern basis unless il Is inappropriate to presume that th8 charitable company will continue its operations. The Trustees are responsible for keeping adequate aOntIng records that are sufficient lo show and Èxplain the company's transactions and disclos8 with aSonable accuracy al any time the financial position of the charitable company and enable them to ensure that the financi81 slalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the d)aritable company and hence for taking reasonable steps for the prevention of fraud and other irregularities. Independent examiners A resolution will be proposed at the Annual General Meeting regarding examlnallon of the Charity's accounts. The truslee5' relating I report was prepared in ac¢ordan¢e with Ihe special PTovision of Part 15 of th8 Companies Act all companies and approved by the Board ol Trustees. Miss S April Chair of Trustees Mr L M Thomas- onorary Treasurer & Company Secretary (from 7th May 20211 Trustee Trustee Datèd: 25 July 2022
CHRISTIAN FAMILY CONCERN INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRISTIAN FAMILY CONCERN I report to the trustees on my &xamination of the flnan04al slalement5 of Christian Family ConG8m Ilhe charilyl for the year ended 31 March 2022. Responsibilities and basis of report As the trustees of the charity land also its directors for the purposes of company lawl you are responsitAe for the preparation of the financial stslemenls in accordance with the requirèments of the Comp8nl&s Act 2006 Ilhe 2006 A¢tl. Having satisfied myself that the financial statements of the charity are not required lo be audited under Part 16 of the 2006 Act and are eligible lor independent examination, I report in respect of rny examination of the ch8ritls financial statements ¢arried out under section 145 of the Charities Act 2011 (the 2011 Acll. In carrying out my examination I have followed all the applicable Dire¢tions given by the Charity Gommission under stsction 145151 Ibl of the 2011 Act. Independent examlner's statement Since the charity's gross income exceeded £250.000 your examiner must be a mèmber of a body listed in section 145 of the 2011 Act. l ¢onfirm thal l am qualified to undertake the oxamination because l am 8 rnember of ICAEW. which is one of the listed bodies. I have completed my examin8lion. I confimi that no matters have come lo my attention in connection wlh the examination giving me cause to b81iev$ that in any material respect.. Accounting records were not kept ill respect of the ¢harily as required by se¢tion 386 of the 2008 Act,. or The financial statements do not accord with those records., or The financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts glve 8 true and fair view which is not a matter consid&red as part of an indèpendent examination.. or The financial statements have not been prepad in accordance with the m&thods and principles of the Statement of RÉcommended Practi¢e for accounting and raporting by charities applicable to charities preparing their accounts in accordance with thè Financial Reporting StsrTrdard applicable in the UK and Republic of Ireland IFRS 1021. I have no con¢erns and havè cotne across no other matter5 in connection the examination to which 8ttenlion should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached. Miriam Hickson FCA Jacob Cavenagh & Skeel 5 Robin Hood Lane Sutton Surrey SM12SW Dated.. 11 12-
CHRISTIAN FAMILY CONCERN STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unrèstrlcted Reslricled funds funds Tolal Unrestricted Restricted 2022 funds funds Total 2021 Notès Donations and legacies Charitable activities income Investments Other income Other incorne- CJRS Grant 106,306 827,138 3,207 613 1,253 15.029 121,335 827,138 3,207 613 1,253 78.390 601,936 5,314 10,661 144.762 3.162 81,552 601.936 5,314 10,661 144.762 Total income 938,517 15,029 953,546 841.063 3,162 844,225 anditure on= Raising funds Charitable a¢liwties expenditure 196 976,030 196 991,059 451 872.153 451 877,965 15.029 5,812 Total èxpendlture 976,226 15,029 991.255 872,604 5,812 878,416 Net Ilossesllgains on investments {6.6931 16.6931 402 402 Net expenditure befora transfers {44,4021 144,4021 131,1391 12,6501 133,7891 Gross transfers beiween funds 5,395 15,3951 Net expenditure for the yearl Net movement in funds {44,4021 144,402) 125,7441 18,0451 133.7891 Reconciliation of funds Fund balances al 1 April 2021 1,123,131 6,250 1.129,381 1.148,875 14,295 1,163,170 Fund balances al 31 March 2022 1,078,729 6.250 1,084,979 1,123,131 6,250 1,129,381 13-
CHRISTIAN FAMILY CONCERN BALANCE SHEET ASAT31 MARCH 2022 2022 2021 Notès Fixed assets Tangible assets Invèstments 746,857 143,894 750.745 150,587 10 890,751 901.332 Current assats Oeblors Cash at bank and in hand 11 125,659 112.825 72,747 210.080 238,484 282,827 Credltors: amounts falling duè within one year 12 144,2561 {54.7781 Net current assets 194,228 228,049 Total assets less currènt liabilities 1,084,979 1,12g,381 Income funds Restricted funds Unr8slricted funds Designated funds General unrestricted funds Revaluation reserve 15 6.250 6,250 14 691,808 386,921 691,808 429.119 2.204 1.078,729 1,123,131 1,084.979 1.129,381 14
CHRISTIAN FAMILY CONCERN BALANCE SHEET (CONTINUED) AS AT31 MARCH 2022 The company is enlilled lo the exemption from the audit requirement contained in sedion 477 of the Companies Act 2006, for the ye8r ended 31 March 2022. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2(KJ6 with respect to accounb.ng records and the preparalK)n of financial statements. These financial statements hav8 been prepared in accordan with the provisions applicable to companies subj8Ct to the small companies regime. The financi are sig I statements were approv8d by the board of directors and aLJthorised for issue on 25 July 2022 and n its behalf by.. ril - Chair of Trustees Mr L M Thomas- onorary Treasurer & Company Secretary {from 7th May 20211 Trustee Trusta8 Company Reglstration No. 01486298 15-
CHRISTIAN FAMILY CONCERN STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Notes Cash flows from operating activities Cash absorbed by operations 18 153,3111 112.6411 Investlng actlvltlès Purchase of tangibl& fixed assets Investment income received 147.151} 3,207 {42,4351 5.314 Net cash used in Invèsting activities 143,9441 137,1211 Nèt cash used in financing activities Net decrease in cash and cash equivalents (97,2551 149.7621 Cash and cash equiv81ents at beginning of year 210,080 259.842 Cash and cash equivalents at end of year 112,825 210,080 16
CHRISTIAN FAMILY CONCERN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Charity informallon Chnstian Family concern is a priv818 company limiled by guarantee incorporated in England and Wales. The registered office is Wallis House, 42 Soulh Park Hill Road, South Croydon, SrY, CR2 7YB. 1.1 Accounting convention The financial slalernents have been prepared in accordance with the charitys Memorandum and Articles ol Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommendèd Practice applicable to charities preparing Ih&ir accoLJnts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" The charity Is 8 Public Benefit Entity as defined by FRS 102. The financial slalemenls are prepared in slerllng, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The finanaal 51at8menls have been prepared on the historical cost convsnlion, modified to Include the revaluation of fixed asset inveslmenis at lair value. The principal aecounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial slalemenls, the Irust88s have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the Irust6es continue to adopt thÈ going concern basis of accounting in preparing the financial ststements. 1.3 Gharitable funds Unrestricted funds are available for use 81 the dls¢relion of the tnjstees in furtherance of their charitable objèctives. Restricted funds are subject lo specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are yet out in the notes to the financial statements. 1.4 Income Income is recognised whtsn the charity is leoally entitled to it after any performance conditions have been mel, the amounts can be measured reliably, and il is probable that inwme will be received. G8sh donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donallon, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid is re¢ognised at the time of the donab'on. Grant income from the Coronavirus Jc>b Relention Scheme is recognised as other income in the period lo which Ihts underlying furloughed staff costs relate. Legaeles Legacies capable offinancial measuremenl are accounted for when re¢eivable. 17
CHRISTIAN FAMILY CONCERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accountlng policies (Continuèd) 1.5 Expenditura Expenditure is recognised once there is a legal or conslruclive obligabon to transfer economic benefil to 8 third party, il is probabl8 that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be méasured reliably. Expenditure is classified by activity. Thtt costs of each activity are fflade up of thè totsl of direct cosls and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared Costs which contribLJte to more than one activity and support costs which are not attributable to a single aclivity are apportioned bebNeen those activities on a basis consistent with the use ol resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are alSOcat on the portion of the asset's use. Expenditure incurred during the year is allocated directly lo the relèvant activity. ExpendilLJre on support costs is allocated b8tween activities in the accounts on the basis of the use of résources by each activity. 1.6 Tangible fixed assets Tangible fixed assets are initially measured al Cost and subsequently measured at cost. net of depreciation and any imp2imienl losses. Depreciation is rewgnised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Land and buildings Plant and machlnery Fixiures, fittings & equipment 2.5Yo on cost 33°A on cost 20% on ¢osl The gain or loss arising on the disposal of an 8SS8t is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recoonised in the statement of financial activities. 1.7 Flxed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net incomellexpenditurel for the year. Transaction costs are expensed as in¢uried. 1.8 Cash and cash èquivalents Cash and cash equivalents indude cash in hand. deposits held at call with banks. oiher short-lerm liquid nveslments with original maturities of three months or less. and bank overdrafts. Bank overdraft5 are shown within borrowings in current liabilities. 1.9 Flnan¢ial instruments Thtr charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Se¢lbn 12 'Other Finan¢ial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are COgniSed in the chartiws balance sheet when the charity becomes paty lo the contractual provisions of the instrument. Financial assets and liabilities ar& offset, with the nel amounts presented in the financlal statements. when there is a legally enforceable right to set off the recognised amounts and there is an intention lo settle on a net basis or to realise the asset and settle the liability sirnultaneously. 18
CHRISTIAN FAMILY CONCERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Ac¢ountlng policies (Continuedl Basic financial assets Basic financial assets, whith include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective inlerest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted 818 market ral¢ of interest. Financial assets ¢lassified as receivable within one year are not amortisèd. Basic financlal liabilities Basic financial liabilities, including Creditors and bank loons are inilially recognised at transaction price unless the arrangement conslilules 8 financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective inlgresl rale method. Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of operations from suppliers. AmoLJnts payable are classified as current liabllilies if payment is due within one year or less. If nol, they are presented as non-currenl liabilities. Trade creditors are recognised inilially 81 transaction price and subsequently measured at amortised cost using the effective interest method. Dèrècognltlon of financial liabililies Financial liabilities are derecognised when the charity's contractual obligations expl or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the peiiod in which the employee's services are received. Temiination benefits are iecognisèd immediately as an expense when the charity is demonstrably committed lo terminate the employment of an employee or lo provide termination benefi'ts. 1.11 Retlrement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Donation5 and legacies Unre$trÉcted Rèstricted funds funds Total Unreslricled Reslricled funds fvnds Total 2022 2022 2022 2021 2021 2021 Donations and gift5 Lsgacies receivable 87,877 18,429 15,029 102,906 18,429 36,890 41,500 3,162 40,052 41,500 106,306 15,029 121,335 78.390 3.162 81,552 19
CHRISTIAN FAMILY CONCERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Investments Unrestrlctsd Unreslricled funds fund5 2022 2021 Incomé frotn listed investments Inl&r8sI r8ceivable 2,865 342 3,657 1.657 3.207 5,314 Charitable activities income 2022 2021 Birdhurst Nursery Wallis House Bedsits Beracah Bedsits Counselling 586.450 104,311 131,649 4,728 411.920 100,348 84.737 4,931 827.138 801,936 Charitable activities expenditure Diraet costs Support Total 2022 Total 2021 BirdhLJrst Nursery WallisHouse Bedsits Ber8cah Bedsits Counselling 557,993 88.113 55,937 3,406 197.810 50.460 37,340 755,803 138,573 93,277 3,406 665,463 126.652 80.271 5.579 705,449 285.610 991,059 877,965 Trustees One truste@ re¢eived £300 Honorarium, agreed by the Trustee Board 12021.. £NILI. No trustees were reimbursed for any expenses inciJrred12021= £300 reimbursed for travel expenses). Members of the Close family of trust received remuneration of £12,30912021.' £NILI. 20-
CHRISTIAN FAMILY CONCERN NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Employees The average monthly number of employees during the year was.. 2022 Number 2021 Number Full time Part lime 15 16 18 12 Total 31 30 Employment costs 2022 2021 Wages and Salaries Social security costs Other pension costs 577,969 34,257 9,009 596,294 26,189 9,616 621,235 632,099 Termination payments of £16.750 were recognised during the year when agreement was reached 12021.. £45,446) and are included in employment costs above. There were no employees whose annual remuner81ion was £60.000 or more. Support costs Support Governanc costs costs 2022 2021 Staff costs Deprecialion Accommodation costs Office costs Financial costs Other 151,182 53,893 52,364 7,103 2,173 13,855 151,182 53,893 52,364 7.103 2,173 13,855 105,434 48,418 35,180 7,697 1,659 7,635 Accoun18ncy Independent examination 2,094 2,946 2.094 2,946 1,778 3,148 280.570 5,040 285,610 210,949 21
CHRISTIAN FAMILY CONCERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Tangibl& fixed assets Land and buildings Plant and machlnery Flxturps. fittln9s & equlprnent Total Cost At 1 April 2021 Addiuons 1,240.313 49,484 19,830 199,287 522 1.459,430 50,006 At 31 March 2022 1,289,797 19,830 199,809 1,509,436 Depreclation and impairment At 1 April 2021 Depreciation eharged in the year 572,314 30.614 18,266 466 118.105 22,814 708.685 53.894 Al 31 M8rch 2022 602,928 18.732 140,919 762.579 arrying amount At 31 March 2022 686.869 1,098 58.890 746,857 At 31 MArch 2021 667,999 1,564 81.182 750,745 10 Fixed asset Investments Unlisted investmènts Cost or valuation At 1 April 2021 Valuation changes 150,587 16,6931 At 31 March 2022 143.894 Carrying amount Al 31 March 2022 143,894 At 31 March 2021 150,587 -22-
CHRISTIAN FAMILY CONCERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 11 Debtors 2022 2021 Amounts falllng due within one year.. Trade debtors Other debtors Prepayments and accrued incom8 18,060 107.599 13,693 43,408 15,646 125,659 72,747 12 Creditors: an)ounts falling due wlthin one year 2022 2021 Other taxation and social security Trade ereditors Other creditors Accruals and deferred income 8,933 8,167 16,593 1,571 28,447 1,736 33,587 44,256 54,778 13 Analysls of nèt assets between funds Unrestricted Restricted funds Fund$ 2022 2022 Total Unreslricled Restricted funds Funds 2021 2021 Total 2022 2021 Fund balan5 al 31 March 2022 are represented by. Tangible assets Investments Gurrent assetsl 746,857 143,894 746,857 143.894 750,745 150,587 750,745 150,587 187,978 6.250 194.228 221,799 6,250 228,049 1.078,729 6.250 1,084,979 1,123,131 6.250 1,129,381 23-
CHRISTIAN FAMILY CONCERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 14 DesFgnated funds The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.. Movement In funds Expondiiuré Galn Balance at l April 2021 Incomé TransfeTS Balan¢e at 31 Marth 2022 Tangible Fixed Assets Reserve Revaluation reserve Cashflow Contingencies Refurbishment Development 409,300 5,008 45,000 95,000 37,500 100,000 409,300 5,008 45,000 95,000 37,500 100.000 691,808 691,808 Movèment in funds Expendltur8 Galn Balance at I Aprll 2020 Income Transfers Balance at 31 March 2021 Tangible Fixed Assets Reserve Revaluation reserve Cashflow Conlingencies Refurbishment Development Beracah redevelopment 409.300 5.008 45,000 95,000 37,500 100,000 409,300 5,008 45,000 95.000 37,500 100,000 691.808 691,808 24-
CHRISTIAN FAMILY CONCERN NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 15 Restricted funds The income funds of the charity include reslricled funds comprising the following unexpended balances of donations and grants held on trust for specific putposes". Movement in fund$ B8lan¢e at 1 April 2021 Income Exp6nd5tur8 Transfers Balance at 31 March 2022 Wallis House Fund Pilgrim project 15,029 115,0291 6.250 6,250 6,250 15,029 115,0291 6,250 Movement in funds Balance at 1 April 2020 Income Expendlture TransfeTs Balan¢& at 31 March 2021 Wallis House Fund Pilgrim project Em&rgency Fund Birdhur5t Garden path 3.162 {3,162) 6.250 2.650 5.395 6,250 {2,650) 15.395) 14,295 3.162 15,8121 15,3951 6,250 The Wallis House Fund represents various donations and tax recovered during the course of the financial year. These donations were raised from the n&wsl8ller appeal to help cover the loss of Croydon Council's supporting people funding which Game to an end in March 2015. These funds have been used in this financial year specifically to provide support for the Wallis Bedsil residents. The Pilgrim project fund represents a donation received land tax recoveréd) given for a short service for older teenagers and young adLJlts with learning disabilities. The Emergen¢y fund is monies set aside to be used al the discretion of the Housing Management team for the relief of hardship of any mtsther or child resident in the Walli5 and Baracah bedsits. The Birdhurst Garden Path a don81ion made by a Member of the Asso¢lation the ¢over the costs of a garden path in the nursery. This was spent in the year ending Mard) 2020. The transfer in this year is lo correct the allocation of the expenditure in the prior year. 25-
CHRISTIAN FAMILY CONCERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 16 Operating lease commitments Al the reporting end date the ¢harity had outstanding commitments for futura minirnum lease p8yments under non-cancellabl6 operating leases. which fall due as follows-. 2022 2021 Within one year Bebe8 two and five years 2,218 3,460 2,218 5.678 5.678 7,896 The lease payments recognised a5 an expense during the year were £2,535 12021: £2,300). 17 Capital commitments 2022 2021 At 31 March 2022 the charity had capital commitments as follows.. Contracted for bul not provided in the financial statements.. Acquisition of property, plant and equipmelll 62,584 18 Cash generated from op•rations 2022 2021 Deficit for the year 144,4021 133,7891 Adjuslmenis for.. Investment inwne recognised in statement of financial activities Fair value gains and losses on investments Depreciation and impairment of tangible fixed assets (3,2071 6,693 53.893 15,3141 {4021 48,418 Movements in working capital.. Ilncreasel In debtors IDe¢reasellincrease in creditors 152,9111 113,3771 138,0721 16.518 Cash absorbèd by operations 153,3111 (12,6411 19 Analysi5 of changes in net funds The charity had no debt duTing the year. 26-
CHRISTIAN FAMILY CONCERN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 20 Related party transactions Remuneration of key management personnel The remuneration of key management personnel is as follows.. 2022 2021 Aggregate compensation 205,173 186,666 Members of the close family of key managetlltrnt personnel received remuneration of £NIL 12021.. £31.5251. 27-