THE SIMON COMMUNITY Trustees, report and financial statements Company number: 01602161 Charity number.. 283938 31 March 2022 Illwlllll Illlllll *ABEWVVCB• 1211012022 COMPANIES HOUSE A07 #220 The Sirnon Convnunity Company number.. 01602161 Tn￿lee5. repori apklfinanciGI 5¢alemenls 31 March 2022 Contents Reference and administrative detai15 Trustees, report ststement of Tru5tee5' responsibilities in respect of the Tnjstees. report and financial Statements Independent auditorfs report to ihe members of The Simon Community Statement of financial artivities io Balance sheet li 5taiement of cash flow5 12 Notes to the financial ststements 13 The SIn￿n Community Company number.. 01602161 Tnulees. repori andfin(m¢ial siaiemews 3] March 2022 Reference and administrative details Charity rtumber 283938 The Board of Trusiees Chris Hunton (Chairl exander Pickering ITrea5urerl an Cole Gesa Bukowski Charlotte Spence-jones Mark Prr(chard Re8iStered office 129 Malden Road Kentish Town London NW5 4HS Audltors Haysmacintyre LLP Charrered Accountants Registered Avditor5 ID Queen Street Plaee London EC4R IAG Bankers HS8C 246 Kent15h Town Road London NWS 28S CAF Bank 25 Kings Hill Avenue West Malling Kent ME194JQ Invèstment Martagers Brook5 Macdonald 21 Lombard Street London EC3V 9AH The Simon Commwiity Compony number.. OJ60216J TrtLstees' repori andfin(7ncialslalements 31 March 2022 Trustees, report Belowihe trustee5 pre5enttheirannual report and the fmarKial statemehts of Ihe ¢ompanyforthe year ended 31 March 2022. Objectives and activilies The principal object of thÈ t￿rity is the rel*f of poverty of persons who by reason of mentèl Of physital infim)ity art unable io fu￿111 their dLrties as Citizens ortheirobligati0ft5 to iheirfam￿￿s01 io theirempknyers. This objettive is put into prartice via the following.. 8y establishin& mana81￿ and improvTrTre houses of h05Pitality and 5helter5. clubs. cafe5, day tsr night centeTS, residential settknents and shehered workshops or other 5cherne5 fof homeless and ioot*ss. socially inadequate and mainlv unernployable persons and proTrride them with the care, treatment. security and k)ve to which they are eniitled. 8y providing material relief care ar￿ tomfort to those people $￿ping rough and with no fixed abode. 6y providin& arranginL paying for or conrritr¥rting towards the cosi of providing board. lodgin& rneals and medical eMpen5eslor the hornele$5 and rotytless. By arranging for homeless and rootless Peop￿ to ￿ pk(ed suiiable empbymeni and by a55Stin8 in such manner 3S the Sinv)n Comrnunity sees fit. Publit benefit The trustees ensure that the activities of the thèrity¥TÈ consistenl wTlh its charitable objects and 3ims. In agreeing our annual plan5. the tfusree5 take into account public benefrt as set out in the Charity Commission's general guidance on public benefit in relation to the prevention and relief of poverty. the atfvancernent ol education anfl heahh and thÈ relief of those in nÈed. The tru5tee5 believe there is clear publit benefit derived from the acti￿tIeS of the charrtv. Achlevements and performance Cha1rf5 nott Sumrn3rized below are the services undertaken durin8the year ended 31 Marth 2022.. No Guest5 seei) in the pravided in the ear ve4r Street work street Work involves walkinÈ olong the streets of London at nighi. between 8.30 and 11pm. We go outto offer a cup ofte3 or coffee and food and spend some timo with and talkt# people. We use thisswwce a5 a grapevine to get provisH)ns for people who are in eed. OUT regular8uestswill often alert usto someone who is new or in trouble and we can get them what they need quick￿. such as shoes, a oat or a sleeping baB. If we find someone who 15 very ill prepared. we are able to get word back to the house io get them whèt they need. Wt aim to develop supportNe relation5hip5 Wlth those who are vylner•ble and i$013ted. We kept in touch with Pets￿¢ as they went in and out of emefgency accommottation in the lockdowns and were able to gNe thern news ofeach other whKh wa5 important when they had no wayof keepifig in touch. Meering people forthe firsttime is a cha￿e to builda rapportwith them and to try to understand their need5. We were able to offer guetts an introduction to a co¥id vaccine programme and support them to go to the hub io get vaccinared. Our residential projett1129 Malden Road) 15 a truty unique space. Unlike any homeless hoslel you may have seen before. it is a space for ouv uests to heal through living in community. devekjping stronger relation5hip5. and supporting peop￿ still on thÈ strÈets. 51affed by three full time staff and one INe in volunieer. iogether with the resident group. stsff and volunteers prepare and deliver outreach semces. We 5UPPQrt other¥(Jlunteers on serrices. wme ofwhom have gi¥en years of seM£e to London's street homeless pOpUlat￿n_ From our hundreds of rnealsare prepared arbd distributed to those Still on the streets each week. 158 Re5ideThilal Projert The Simon Community Comp(my number.. 01602161 Tnulees. rewrt andfmi7ncial 5101emenis 31 March 2022 We currently offer 4 space5 to people experienci08 hornelessness that we have rnet through our sireetoutre4ch_ We pr￿￿tISe people who are not suitÈd to akernative provsion or a quKk move to indepÈndent INinK due to ¢¢)mplex needs. trauma and PTSO. We 8ive peop￿ the time they need io heal. whether that is a few months ¢ra few years. Thi5 is the opposite of a quick fix. trtjiU￿imaieIY it will save government dÈcade5 of inve5trnent in slicking plaster So1￿10￿5 that do not address the trauma tsf ex￿rienC1￿8 lonE-term street homelessness. During the loc* downs we were able io wovide a door se￿iCe where homele55 guests ¢oukl come to thedt)or for food, cbthes. hot driThk5 and information. Vbtt5 Once guests or ye￿dentS rnove on ro alternatwe accommodation they a supported by the comrnyrbnythrough visits. We also visit people who have moved from the streets into accommodation who are in need of rommunity if they have not been residents in the residential project but are known to the community through the street homele$5 community. In the year we undertook 319 hours of visits. We have ex-re5idents that need our help for manyyearsafter they leave. The pandemic has Pfopelled a digitèl ie¥olvtion that excludes rnany of thE people that we help. Without a di8iEal presen£e it is extrernely diffthdt to navigate any hea￿h and social CO￿ 5yStems. those who get behind tend to opt OLrt da system thatlhey tannot access. which putstheir ir￿OMe. heakh and tenancies in jeopardy. We advocate for and support people who are unable io acce55 these systems. Folbwin8 the lockdown restrt¢tions, 8uÈsts and fflernbeis have been a￿￿ tty ¢ome to the h(>use for this support. Source.. Simon Carnmunity {￿erthe tour5e of the yearto March 2022 we delNered 158 seryices to London's hardest to rea¢h 5treei-homeless pÈople. Eveh with covid restriction5 impacting our w4y gf Operati￿ we didn't miss any planned 5erv¢(es and ow re8uLIT gyest5 knew when and where we would be, which was vital tTr a ttme of svch uncertainty We are a small ?nd compassionate community with a bie heart. We ¢ontinuetO Strive to de1ivef the greatest impacE for our thknmunity. We have maintained È steady presence throughout theyear with our Street work outreach. Duringthe ￿ndern￿ whÈn our caparity diminished so suddenly. we had to change what we were doin& quickty- Whatever we were going to commit to. we had to be Sure we could sustain it foras long as the pandemit affected u5 and ￿ able to keepgoinE Wtth farfewei people. WÈ made contiN8Èncy plansfor when WÈ 8Ot ill or had io isO￿te. fm delighted to teport thatour approach has been successful and that we haven't missed a serYKe on the street. It 15 ¥it41 at 3 time olsuch uncertainty that our 8ue5ts kr￿W that we will be there for them. and The Simtsn Community will always adapt to meet the need5 of the hardÈst to reach rough s￿pers. We are seeing new faces but also Peop￿ returning to the streets. OurAGM was delayed due ro the ongoing Impact of the Covid-19 paftdemit. subseqithtty held Oft 7Au8USt 2021. For somÈ it was the first time they were ITh a grotsp of people since lockdown. Coming together at the AGM in the way thai we have done annualty since inieption Eave the charity the QPPDrtunity to mark chapter in this pandemi£. It Was brilliantto ￿ everyone to see the 5UPPOrt from all comer5 of the Community, old membets and new. The board 15 deli8hled to welcome new rnefflbersfrom thi5 year. all of which cometogeiher from a diverse ran8e of ba¢kgYounds to svpport and drive ihe mi55ion of the char*ty. Befo￿ the pandemK. during a streetwork ¥ialk wewothd see betsveen 30 and 40 people per rbighi. Last ￿MMer we were regularly seeing between 70 and 80 pe¢ple vrith our hi8hest recorded streetworkfwre kst Septemberwhen we Saw 92 people in cne night. We still have enough for everyone we see and will continue to take whatever we can carry. We want to take a special momeNt to appTeciaie all our donors. Thankyou foryoursupport p•rti¢yl•fly during these challeTrgin8 and 4Yiffi¢ult times. Your loyatty and comrnitmentto ourcause has meani that we can adapt quicklyto the changing needs of curguests and rontihue to provide consisient supFort. Tht charity doe5 ritst fundraise from on-lhe-streei public sources and there were no fundraising complaints received ITh the year. The Simon Commwiity Conwany number.. 01602J6J Tr￿lee5. repor¢ andfinan¢ial statements Jl March 2022 Trustees. report (continued) Stwcture governance and mana8ement The charity 15 governed by it5 mtmorandufn and artic￿ of associat￿0 and is irKorpofated as a tompany limited by guarantee. Every member ol the Simon Community underta*es to £¢ntribute to the assets of the tharity in the event the charity 15 wound up whi15t helshe is a rnern￿r. s￿h sum as may be required not exceedi￿ £1. FIna￿l￿1 Review Total income for the year 15 £217k IFY21.. £396kl and total expenditure £2231 IFY21.. £223kl, iesulting in £97 net expenditure IFY21.. £221k net income). after un￿alised inve#ment g•in5 of £6k IFY21.. £48kl. Once again, we are immensely grateful to our donor base who continue to support us includingihose who leave legacies to ￿ in their de3th estates whirh have rontributed 8re•tty in recent times to our overall incame. FurtherrrK*re. the focus from ihe operational team continues to ensure a mana8eablecost base. The trustees atknowled8e the inrrea5ing pres5ure5 on the charitable sector particulady in a posi-pandemic world where the UK is experiencinE an unprecedented level of high inflation. translating into a cost4Jf-INinu cri515 compounded by the Russian invasion of Ukraine. The EhariW5 cash position was £217k IFY21.. £228kl pro¥•Jing stsfficient funds the shortto medwm term to absorb expected lower donations in the comingyear. Investmentrnqoooernent The trustees have an investment policy Setting out the investmeni objettNes. attitude io iisl time hoii2on and ethical polity. lft the year no cash vansfers were made IFY21.. £30.CWI. Dyrirythe year unrealised Eain5 amounied to É5.931 IFY21.. £47.666 unrealised ain R15k monoqement The trustees continue to monitorthe ri5k5 to thethartty uyrg a risk register. This is reviewed annually. and all trustees are made ware of the risks and their duty to aSSiSt in mstigati￿ ihem. Golng concern Based on the charity's reserves p05itlon and the board'5 reasonable expectation that the Charity has ihe resources to continue in aperational existence for the foreseeable future. We believe there are no material uncertaintie5 that ¢411 Into doubt the charity's ability to continue as a going corKern. The accounts have iherefore been prepared on the basls ihat the charity s a going concern. Re5efves The board of trustees believe ihat the charity should h￿d financial ieserves b¢¢•use: It has no endowrnent funding and is entirety dependent for income fromyear w year on dO￿r funding, which ts inevitably subject to flucruarioTr It requires protettion against, and the abilityto continue opefating in the event of a serious lack of irKome There is a need to make provis￿n for the development of the community's sÈrwce5 The trusteÈs havÈ a r￿erveS policywhich stsie5 that the targer minimum level of free reserves should be Èquivalent of six months. unrestricted operating costs IFY20.' six). calculated ahd reviewed annualty. which amounts to approxtrmatel¥ £IOO.000 on a pro-rata basis. based on current cost levels. At the financial year4nd, there was £305k in general fund5. a5 a result of un-budgeted legacies received towards the end of the financial year. It is ÈxpÈcted that these excess fund5 will be utilized in the normal course of operations in thefinancial year ended 31 March 2023. The Charity has designated £256.671 in a fixed asset fwd to represent funds tied up in the Simon Community property portfolio and the Community Van used in the prtivisiom of 5Èrvices_ The Charity has also de51gnated £347.651 in a propertyfund to cover the f￿ture purchase of property and £20,flJO for a new website. Whilst it continue5 to be an ambitioTh of the board to acquire new property. uncertainty followirbg the ÈvÈnt5 of thi5 yearas well as in the seaor in general haye reminded trustees that until such time thatthe Operat￿n5 of the community have returned to how thÈy were in a pre-pandemic W0￿d. ihe purchase of new property in the immediate terrn p05e5 an unnece55ary risk w Eheongoing funttionin8 of the charity. Work to develop the new website is expetted to be cornpleted in the next 18 months. The Simon Community Ct>mpany ntsmber.. OJ002J61 Tn4siees' repori al￿fIl￿7￿claIS1d[eMe￿IS Jl March 2022 Trustees. report (continued) Structure governance and management (continued) 8oordof trustees The board consists of the Chair. Treasurer not less than 3 nDr more than 12 other persons. all e￿tted byihe members. At each nual General Meeting IAGMI. the Chair 3fid Treasurer Tetir¢ from office and are eligible lor re-election Members are also eli8ible for election at the AGM. Up io one third of trustees can be drawn from residents or se￿iCe user5. rhe policy of the charity is that all trustee5 receive Irair￿n8 about their roles and responsibilities a5trustees. Trustee5 are recruited through the networks of rnembers nd art appointtd through vott atthe AGM. Thetrustees who hdd oflice dvrin8the ve¥rweie as lolknws.. Chris Hunton. Chair exander PKkerin& Treasurer n Cole (Appointed 7August 20211 Gesa Bukow5ki IAppointed 19April 20211 IAppointeil 19April 20211 (Appointed ? August 20211 (Resizned 7 AtsBUSt 20211 IRes*ned 7 August 20211 (Rtsigned 19 April 20211 Charlotte SperKtrJones Mark Pritchard Thoma5 MrNalty Amanda Windle Debra Getstein Orytrrtisgtionalstrurture The charity is organised 50 that its trustees rneet regularty la vninirnum of 8 pet yearl to m•n•8e its 3ff•irs and take strat¢gi£ decisions on behalf of thÈ charity. The day-ttrday rnnniTh8 of the Community is delegated to a Community Manager who 15 5UPPOrted by a Projert Leader. both of whom are full time and report to the board. Oisc105ure olinforn?otion to the auditor The trustee5 who held office at the date of approval of thi5 trustees. reportconfirm tha¢ so far as they are each aware. there is no relevarst audit information of wh￿h the CompanTrKs audiiors ale unaware." and each trusree has taken all the steps ihat he ought to have been taken in their capacity a5 a director of the cornpanyto rnake himself3ware ol any relevant audit iThform4tion. Auditors Pursuanttts Se¢bon 487 of the Companie5 Art 2LIJ6, the audi1Oi will be deemed to be reappointed and Haysmacintyre LLP will therefore continue in oifice. In preparifigthis report, the board of irurtees have taken advantage of the small companies. exemptH)ns provided by sertion 415A of the Companies Act 21KI6. Thi5 report was approved by the board of trustees on D 2022 3rbd si8fted on its behalf. by-. Chris Hurttort. Chair 129 Malden Road. Kentish Town London. NW5 4HS The Simon Commwiity Company Number." 01602161 Trnsiees. report andfinijncial staiements 31 March 2022 Statement of Trustees, responsibilities in respert of the Trustees, report and the financial statements The trustees are responsible for prepariw the Tmstees. Rtport and the finantial statemerkis in acccrdaThre with appliEable 14w 4nd re8ulation$. Compafiy law iequires the dirertorsto preparefinancvdl ststements foreach financial year. Vnderthai law they have ethed to prepare the financial statements in accordancewiih UKAccourrtbThg Stsndards and appli(able law IVK Generallykcepted Accounting Practice). inchjding FRS 102 The Financial Reporting Standard applicab￿ in UK and Republi¢ of Iretsnd. Undercompany13W the tru5tee5 mu5¢ not approvethe fin3ncial statements unless theyare satisfied thatthey give a true and fa*rview of the state of affairs of ihe company and of the profit or loss of the companyforthat period. In preparing rhese financial statements, thetrustee5 are required io.. select suitsble actounting pol*ies and then appty them coThstsrentty: makejudgements and estimates that arÈ ￿¥sonab￿ and prudent. state whetherapplicable UKAccountsnRStandards havebeenfollowed, subprttoanymaterial departures disckssed and explained in the financial ststements,. and prepare the financial statements on the going concefn basis unless it is inaM¥ropfitite to presume that the cornpany will continue in business. The trustees are responsible for keeping adequate accounting recordsthat are sufficient to show and explain the compan(s trar￿CtionS and disc105e with reasonable accuracy at any time the hnancial position of the compaNy and EnablÈ thern to ensurethat the finantial statements compty with the Companies Act 21))6. They have general responsibility for taking such steps as ait reasonably open to them to safeguard the assets of the ct>mpanyand to pre¥enl and detect fratKI and other iyregularities. The tru5tee5 are responsible forthe maintenance and integrity of the corporate and financial information included on the charitable companrfs website. The Sirnon Community Company Number.. 01602J61 Trusiees, report andfinancial slalemenls 31 March 2022 INDEPENoeMT AUDITOR'S REPORTTOM MEMBE￿ OF THE SIMOP4 COVthIUNriY Opinion We have audsted the financial st4tement50f The &m¢)n Community forthe yearefided 31 Marth 2022 whith ¢ompriseThe Statement of Financial A£tMtiÈs. Balance She￿. statementof Cash Flows and rtotesto thefinancial statements. including a summaryof significant accountin8 policies. The financial reportingframework ihat has been applied in their preparation isapplKable law and United Kingdom Accounting SraTrdard5. including Finanri•l Reporting Standard 102 The Financyal Reporting StandarLI applicable in thE UK and Republic of Ireland Iunited Kingdom Generalty k¢epted AccouNtiAg Practicel_ In our opinion. the financial statements-. Ewe a true and fair view of the state of the charitable compan￿$ aff¥irs as at 31 March 2022 amd of thÈ chtfitabse companrfs net movement in funds. including the income and expenditure. for the year then ended.. have been PrO￿rty prepared in a££ordance with United Kingdom Gerseralty Accepted AccouThtirq Practice.. and have been prepared in accordance wilh the requirernents of the Companie5 Act 2￿)6. 8asls for opinlon We conducted ourau(lit in a£cordancewYnsistent with the financiil statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent rnaterial misstaternents, we are required to determine whether there 15 a material rnisstaiemenr in the financial 5t4tements or a materi41 mi55tatement of the other information. If. based on the work we have pertormed, we conclyde that there 15 0 fflaterial ffli5Statement of this other informatioft, we are required to reportthat fact. We have nothing to ￿pOrt in thi5 regard. Opinions on oth•r matters pre5uib¢d by the coM￿ni￿ Art 2( In our c¢pinion, based on the work und¢rtaken in the tourse of the audft.. the information given in ihe Tru5tees' ReporE (which includes the directors. report prepa￿d for the purposes of company lawl for the financial year forwhich the financial statement5 are prepared is consistent with the financiol statements,. and the directcrs. report included within the Trustee¥ Report h¥¥e been prepared IA ac£ordah¢e wilh appti¢able legal requirements. The Simon Compnunity Company Number." 01602101 Trwtees, report andfinancial Siatement5 31 March 2022 INDEPENDENT AUOITOfS IIÉPORTTO ThE MEM8ERSOF THE 9MON COMMupirrY l¢oiillmi¢dl Matters on whith we we rtqyiredto ¥eptyi by e¥repti¢ In the light of the thowledge and understaTrdi￿ vf the rharitabk cofflp4ny and its environment obtained in the course of the oudit. we have not identlfied material msstaEemeThts in the Truttees. RÈport (which iAcorporate5 the directors. report). We have nothing to report in re5Ptrt of tht fo1knvl￿ rnatters in relatKJn to which the CompaniesAct 2(￿ req￿re5 U5 to report to you if. in our opinion.. adtquate attoufttbn8 retords have r￿t bÈem kept by the Charitab￿ company.. or certain disclosuresof trustees. remuneration specified by law are noi made.. or we have not receNed all the information and explanations we require for our authir,. or the trustees were not entrtled to prepare the finantial rtaternerbts in accordance with the small tompaniÈs' regime and take advantage of the small compan*< exemoions in preparin8 the truste￿ report and from the requirement to prepare a strdtegir report_ Responsibilities of trustees forthe finamal Statements A5 explainefl mole fully in Ihe trustees. fe5ponsibilities 51atemeTht sei out on page 6. the iru5tee5 (who I￿ a150 ihe directors of the charitable company for the purposes of company lawl are responsible for the prepatstion of the fIna￿la1 statements and for bein8 sat15fied that they give a trve and fair wew. and lor such internal control as the trnsrees determine is necessary to enable ihe preparation cf financial statemtnts that are fret from material mi9ststemenL whethEr due tofraud or error. In preparing the financial AatemeTrts. the trustees are responsible forassessiThg the charitab￿compan￿5 abilityto continue as a going toficein. disclosin& as ap￿itable, matters relèted togoing concem and usingthe going concÈrn basis of accounting unless tho trustees eithef intend to ts"quidate the charitable company or to cease opefatKJns. or have no realistit alternative butto do so. Audltorfs responslbllftl¢s forthe *udlt of the ffinantol stat¢m¢nts Our objectives are to obtain reasonable a55urance about whether the financial statements as a whole are free from material misst4tement, whetherdueto fraud orerror, and to 155ve an audi10rf5 report thai include5 oyr opinion. Reasonable a55urance 15 a high level of assurance. but is not a guarantee that an audii condurted in accordance with 15As IUKI will always detett a material misstaternent when it exists. Misstaterneniscan ari5elromfraud Orerr0randa￿(onsldefed rnaterial if, individually or in the aggregate. they could reasonabty be expected to influence the economK decisions Of users taken on the basis of theso financial statements. Irregularities, including fraud, are instsnces tsf ￿￿￿0mpli?nce with ￿w5 and reEuLitions. We design procedure5 in line with our responsibilities, outlined above. to detett material misstateme*ts in respett of irregularities. including fraud. The extent to whith our proceduresare Capab￿ of detectin8 irre8ulèiiiies. includin8 liaud is detaI￿d below- Based on our understanding of the charrty and Ehe eTh￿r0￿Ment in whKh r( operates. we identified that the principal risks of non- cornpliance with ￿WSand regulations relatedto compliancewith regulatory requirernentsof company law. employment law and health andsafety regulations and we consideredthe extenl lowhich r￿n-cOMplIance rnight have a rnaterial effect on the financial 5tatement5. We al50 conwdered iho5e laws and regulaitons that have a direct impatt on the prepar31ion of the financkil siaiements such as the Companies A¢1, Charities Art •nd payroll tsxes. We evaluated rnanagernenvs irKeThtives and opp)rtunities for frauduleni marlpulation of the financial statement5 lincluding the risk of overridè ol contro151. and tteterrnined that the principal risks were related to reroBrbition of intome ond maThaKement bias in certaln accouTrring estimates. Audit procedures performed byihe engagement team irKluded.. Inspettin8Trustee< meeting minutes Insperting correspondence with regulato¥s and tax authOrit￿S- Discussions with manaBement including consideration of known or Y￿pected instsiites of non This description foms part of our auditorfs report. Use of our report This report 15 made solely to the charitable company's members. as a body. in accordance with Chapter 3 of Part 16 of the Companits Act 1006. Our audit work has been undertaken $0 that we rnight 5tste to the charitable company'5 rnÈmbers those matters we are required to state to them in an Auditor's report and for no other pUry￿se. To the fullest extent permitted by kw. we do not accept or assume responsibility to arbyone oiher ihan the charitable cornpany and the charitable cOrnpan￿5 members as a body, for our Hudit work. for this report. or fort￿ opirbioll5 we have formed_ Lee Stokes Isenlor StatutoryAudltorl foi and on behalf olHaysmacintyre Lip Statutory AuLSitors 10 Queen StrÈet Place London EC4R IAG Dated 10 Qola The Simon Community Company Number.. OJ60216J Tn￿lee5. repori ondfmancEal staiernenls 31 March 2022 Statement of financial activities for the yet7r ending 31 March 2022 Unrestiicted Furwls 2022 Total nd5 2022 Total Funds 2021 2011 Note INCOME AND eNDOVIP•lENTS FROM.. Oonations aThd k8acies Inve5trnentS Charitable actl¥ities- homelessness actNities 196A14 6A92 196,814 6.892 372.620 11980 17,230 TOTAL IIICOME 216,686 . 216,686 395.949 EXPENorruRE ON= Aai5inBfunds Charitable 3£tNlties- homeles$r￿sS aetivities IIOA631 121.1011 193711 1202.6801 1112,1511 1201,4971 TOTAL EXPENOITUAE 195711 li￿.143) 1212.7141 1222.5971 Net 8ains on invertments 15 5.931 5.931 47.666 NEf IEXPEOtfuREI IINCOME BEFORE TRANSFERS 19.5711 9A74 1971 221.018 TIIAN5FERS BETWEEN FU1405 NET IEXPENDITUREIIINCOME 19.5711 9A74 1971 221,018 ftqwnciliatlon of funds- Totollunds atl Apri12021 17 59.385 92Q.018 979A03 758,385 TOTAL FUNDS AT 31 MARCH 2022 13 49.814 929A92 979306 979.403 The statement of financial activities also complies with the requirements for an income and expendirure account under the Companies Act 2006. The charity has no recognised Bain5 or10sse5 other than the net increase in fund5 for the year. The notes on pages 13 to 23 fomi part of these financial statements. 10 The Simort CommunEty Company Number.. 01602161 Tnuiees, report andfinancial stalement5 JI March 2022 Balance sheet a5 at 31 Morch 2022 2022 2021 Note FIXED ASSETS Tangible assets Investment io 15 256.671 455.072 270,792 447,786 711.743 718.578 CURRENT ￿ET5 Debtors Cash at bank li 65.627 217.351 46.156 228.172 282.978 274.328 CREDITORS: amounts falling due within one year 12 {15.4151 113.5031 NET CURRENT ASSETS 267.563 260,825 TOTAL ASSETS LESS CURRENT LIABIUTIES 979.306 979.403 CHARITY FUNDS Restricted funds Unrestricted funds J3 13 49.814 929.492 59.385 920.018 979.31J6 979,403 The financial statements were approved by the board of trustees on k4102022 and signed on their behalf. by.. Chris Hunton Chair Alexandèr Pickeriwa Treasurer The notes on pa8es 13 to 23 form part of these financial statements. The Simon Community Company Number.. 01602161 Truftees. repor¢ arydfinancial statemenls 31 March 2022 Statement of cash flows for the year ended 31 March 2022 2022 2021 CASH FLOWS FROM OPERATING ACTIVITIES Net IlexpenditUfel/income for the year las per the Statement of Financial Artivitiesl 221.018 Adjustmentstor.- Depreciation Gains on investments Investrnent incorne Interest received Increase in debtors Intreast in creditor5 14,121 15.9311 16.8631 129) 119.4711 1.912 11,742 147.6661 16.0311 1691 146.1561 2,536 NET CASH IUSED INIIGENERATED BYOPERATING ACTIVITIES 116,3581 135,374 CASH FLOWS FROM INVESTING AcfiviTIES Purchase of fixed a55ets Investment acquisitions Movement in investment cash Investment income Interest received 112.9611 176.8091 45.381 6,031 69 13.2141 1.859 6,863 29 NET CASH IOUTFLOWI FROM INVESTING AcllvmES 5.537 138.2891 Change in net cash and cash equivalents in the year Cash and cash equivalents at l April 2021 {IOA211 228,172 97.085 131.087 CASH AND CAS*1 EQUIVALENTS AT 31 MARCH 2022 217.351 228.172 ANALYSIS OF CHANGES IN NET OEBT At l April Cash flows 2021 Other non- cash changes At 31 March 2022 Cash and bank 228.172 110.8211 217,351 The notes on page$ 13 to 23 form part of these financial statements. 12 The Simon Community Company Nwnber.. 01602101 T￿￿tee5, repori artdfjnancial Sioiements 31 March 2022 Notes (f4)miingportoJthellnontitilstatementsJ Accounting policies 8asls of Preparatlon The financial statements have been prepared in accordance with the Staternent of Recommended Practice for Charities ISORP 20151 (Second Edition. effertive l January 20191. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Cornpanies Art 2006. The Simon Community meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historital c05t or transartion Value unless otherwise stated in the relevanl accountiTh8 policy notelsl. Preparation olthe acc(wnts on a going concem basis Having considered future plans and cash flows. the trustees confirm that they are not aware of any material uncertainties with regard to the entivs ability to continue as a gotng concern for the foreseeable futufe and therefore have prepared the accounts on a going concern basis. Estlmation uncertainty In the view of the trustees in applyinB the accounting polioes adopted, no judgemeftts were required that have a $18nificant effect on the amounts recognised in the financial statement5 nor do any estbrnates or assumptions rnade carry a significant risk of material adjustment in the next ffinantial year. Tangible fixed assets and deprec•ation All assets c05tint more than £100 are capitslised. Tangible fixed assets are stated at C05t less depreciation. Depreciation 15 piovided at rates calculated to write off the cost of fixed assets. less their estimated residual valve, over their expected useful Itve5 on the following bases.. Freehold Property Motor Vehicles Furnbture and Fixtures 2% strai8ht line 25% 5trai¥ht line 20% straighi liiie Finantial iNstrumÉnts The charity only ha5 financial assets and financial liabilities of a kind that qualify as basic ffinancial instruments. Basic financial in5tfuments are initially ￿COgnised at transaction Value and subsequently measured at their settlement value. 13 The Simon Community Company Nwnber.. OJ602J6J T￿￿tee5. repori ¢mdfinancial siatemenls 3] March 2022 Notes (continued) Actotsnting poficies {contlnuedl Debto Trade and other debtors are recogni5ed at the settlement arnount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and Sn hand Cash at bank and in hand inclu(les bank accounts. cash and short term highty liquid investments with a short maturity of thrét months or les5 from the date of acquisition or opening of the deposit or similar account. Crèditofs and prtivisions Creditors and provisions arè recognTrsed where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be rnea5ured or e5tifflated reliably. Creditors and provisions are normally retognised at their settlement amount after allowing for any trade discounts due. Income recognltion Income is included in the SOFA once the charity has entitlement to the income. it is probable that the income will be received and the amount of income reCeiVa￿e can be measured reliably. The following specific policies apply to categories of income.. Donations & Grants where related to performance and specific deliverables a￿ accounted for as the chartty earns the fl8ht to consideration by its performance. Where incorne 15 received in advance of its recognition it is deferred and included in creditors. Where entitlement occurs before incorne being received the income is accrued. Income tax recoverable in relatiort to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is ￿CogniSed at the time the investment ineomè is recei¥iable. Investment income is eredited to incoffle when it is receivable and the amount can be measured reliably by the charity,. this ts normally upon notification of the interest paid or payable by the bank. Expenditure recolnltl tiabilities are recognised as expenditure as soon as there is a legal or con5truclive obligztion cornmitting the charity to that expenditure. it is probable that settlement will be required and the amount ot obligation tan be measured reliablv. Expenditure is recognised on an accruals basis as a liability 15 incurred. inclusive of VAT, which cannot be recovered. Governance costs are those incurred tn connettion with administration of the charity and compliance with constitutional and statutory requirements. 14 The Simon Community Company Number.. 01602161 Tn&stses' report L7ndfinancialstalemen15 31 March 2022 Notes (continued) Accountlng policles {cont•nuedl Allo¢atioD ot SUPPOrt and ￿￿emance costs Support costs have been allocated between govemance costs and other support costs. Govern3nce costs comprise all costs involving the public accountsbiliry of the charity and its compliance with regulation and good practice. These costs indude cost5 relate(b to Stat￿Ory audit and legal fee5 together with an 3pportiDnment of overhead and support costs. The allocation of support and governance costs is analysed in note 7. In¥Èstments Investments in financial assets and securities are generally measured and repgrted at fair value. The initial'fai value being the original transaction price. Going forward such assets are subsequently carried at the current indicative trading price in the market, which 15 fair valve. Where the a55et has a spread the price quoted is the bid-pri￿. Changes fair value are recognised in the Statement of Financial Attivitie5. Fund accountin General funds are unrestricte(I funds whtch are available for use at the discretTron of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated fund5 comprise unrestrirted fvnds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the rbotes to the financial statements. Restricted funds are funds which are to be used in accordance with specifK restriction5 imposed by donors which have been raised by the charity for partltular purposes. The c05t ol raising and administeAng such funds are ch3rged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statement5. Donations and legaties Total lunds 2022 Total funds 2021 Donations and appeals Legaties Grants 81.594 114,220 157.023 194.597 21.ocmj Total donations and legacie5 196.814 372,620 Investment income Total Funds 2022 Total Funds 2021 Investment income Interest receivable 6,863 29 6.030 69 Total in¥estment income 6,892 6.099 15 Tl* Simort Community Company Number." 0160216J Tn￿lee$, report andfinancial stalemenls 31 March 2022 Notes (continued) Charltable ac￿leS Total Funds 2022 Total Funds 2021 Rental income from houses 12,980 17,230 Raisini funds Total Funds 202Z Total Funds 2021 Direct fundraisin8 costs Allocation of support costs Management costs 1.297 3.337 5I29 12.057 3.978 5.065 10.46a 21.101 Chariiable expenditur homelessness adivities Total Funds 2022 Total Funds 2021 Staff costs Direct charitable costs Support Costs Insurance costs Governance tost-auditors. remuneration Management costs IOOA51 60.558 18.908 20.869 10.840 101.938 49.053 22.547 19.692 7.560 626 706 212.251 201.497 16 The Simon Community Copnpw Number.. 01602161 Truflees. report andfinancialslatements 31 March 2022 Notes (continued) Analys1$ 01541PPQrt COsts-2022 Charitable ctivit•es Total 2022 Total 2021 Fwndraisi Communication costs Printin8. POSta8e & stationery Utility costs Other svpport cost5 Governance c05tS 478 3,185 364 11.539 2,082 5.075 3,369 90 12.625 131 10.311 1.731 312 761 1,770 4J14 3337 18.908 21.245 26.525 Analysis of support COSts-20ZI Charitable activities Total 2011 Fundralslng Communication costs Printing. postage & stationery Utility costs Other support costs Governance costs 505 13 IA94 19 1863 76 10.731 112 8.764 3.369 12.625 131 10,311 1.547 3.978 22.$47 26.525 17 The Simon Community Company Number.. OJ60216J Tn￿tee5. report andfinancial slGtemen15 Jl March 2022 Notes (continued) Net incomelleJrpendiNrel 2022 2021 This is stated after charging.. Depreciation of tangible fixed assets-. owned by the charity Auditors. remuneration 14.121 10.840 11,742 7.560 Staff costs and trustees 2022 2021 5toff costs were osfollows." Wage5 and salaries Social security costs Employerf5 pension contributions 87.slo 4.394 8.S47 90.052 4.372 7,514 l(h).451 101,938 The number of ernployees durin8 the yearwas as follows.. 2022 Number 2021 Number Charitable activities No employee received remuneration amounting to more than £60.CMXI in either year. Total benefits paid to key management personnel in the year amounted to E37,80412021.. £37,363). No remuneration was paid to trustee5 r￿r were any expenses reimbursed12021-the samel. 18 The Simon Community Company Number.. 01602101 Trwiees. repori andfinancial staiements 31 March 2022 Notes fcontinuedj 10. Tanglble fixed assets Frtehold property Motor ¥ehldes Flxtures & Flttings Total Cost At l April 2021 335.442 22.020 15.041 372,503 At 31 March 2022 335,442 12.020 15.041 372.$03 Depretiation At l April 2021 Charge for the year 94.616 5,634 1,461 101,711 14.121 At 31 March 2022 101.325 10.038 I15￿32 Net book ¥aluÈ At 31 March 2022 234.117 11.982 10.572 256.671 At 31 March 2021 240,826 16.386 13.580 270.792 Debtors 2022 2021 Legacies receNable 65.627 46.IS6 65.627 46,156 12. Creditors: amounts fallin8 dye within one year 2012 2021 Other creditors Accruals 4.377 11.038 1,749 11.754 15.415 13,503 19 The Simon Comnmnity Company Number.. 01602101 Tn4S1ees' report andfinancial statements 31 March 2022 Notes (continuedj 13. Statement of lunds- 2022 r¢)u8ht fon¥ard Incomel 83in5 Carried forward Expenditure Transfers Desl8nated fvnds Fixed asset5 funds New property fund New website tund 270.792 347.651 20.000 114.1211 256.671 347,651 20.000 63&443 114.121) 624.322 General funds General fvnds 281.575 2ZZ.617 1199,0221 305.170 Total unrestrlrted funds 920.018 222.617 1113.1431 929.492 The fixed assets fund represents amounts tied up in fixed assets. The new property fund represents amounts put aside to purchase new properties in the future. The new web51te fund represents funds put aside io develop a new website. Brought fonward Carried forward Income Empenditure Transfers Rest¢itted funds 2022 129 Malden Road fvnd 59.385 {9.571) 49.814 Total restrirted fvnds 59.385 (9.5711 49￿14 Total of funds 979.403 222.617 {222.7141 979.306 The 129 Malden Road Fund was rÈctNedtoWardSt￿ regenerat￿)n of our 129 Malden Road property. Statement of funds- 2021 Brought forward Carried ftsn¥ard In￿rne E¥gendlture Transfers Designated funds Fixed 355ets fund5 New property fund New website fund 269.574 347.651 111.7421 12.60 270.792 347.651 20.000 637.225 111.7421 12.960 638,443 General funds General funds 46.287 443.615 1208.3271 281.S75 Total unrestrld*d funds 683.S12 443.65 1120.0691 12.960 920.018 20 The Simon Commtsnity Comp(7ny Number." OJ602161 Trnstees. repori andfiu