THE SIMON COMMUNITY Trustees, report and financial statements Company number: 01602161 Charity number.. 283938 31 March 2023 Tlii C (Jiiiwiii. iiiiiiiheF" oJ6iJ ?1() j Contents Reference and administrative details Tru5tee5' report ststemeni of Trusrees, responsibilities in respect of the Trustee5' report and financial statements Indepèndent auditor's report to the members ofThe Simon c(￿mUnity Statement of finanoal activities io Balance Sheet li Statement of cash flows 12 Nores to the financial statements 13 C uJiiptllFI' ITiiinhL)1" 01611?101 JI .Ilui-(.li ?() ?3 Reference and administrative details Charity number 283938 The Board of Tru5tee$ Chris Hunton (Chairl Alexander Pickering ITreasurerl Alary Cole Ge5a 8ukowski Mark Pritchard Da8nija O'connell Peter McKay Registered offi¢e 129 Malden Road Kentish Town London NW54HS Audltors Haysmaoniyre LLP Chartered Accoun￿ntS Re8iSteted Auditors 10 Queen Street Place London EC4R IAG Bankers HSBC 246 Kentish Town Road London NW5 285 Invesiment Managers Brooks Macdonald 21 Lombard Street London EC3V 9AH TliL' jl .}l¢iiL.II ?1)73 Trustees, report Below the iru5tees wesent their annual Teport and the1ina￿$aI 5tatementsol the£cmpany fof the year erKled 31 March 2023. Objectlves and activitles The principal ¢biecbve of the chafjty Is the rdief of poverty ol persons by reason of merttal or Ph￿Cal InfirrnitV3re unable to fulfill their duties a5 Cltizens or their obli8aiions to tharfam41ies or to th￿-r empl￿(5. This objecrive IS pul into practice vla the f(Alowing.' By establisFin& marnaEin8 and improvi1￿ hou￿ of hosptaity and shelters. dubs. cafes. dayor Trght centers, residential seittements and sheltered or other 5thenies for IKTrmdess and rootless. 50cialy Inadequate and mainly unemployable persons and provide thèm with tIE care. trearnient. securiiy and love to wlich they are entided. By wowding rnaterial relief (are and iornfort to those peO￿e sleepn8 rough and no fixed abode By providini. arranwn& ptyii18 for or contributing t(P4vards the cost of pr￿dir* board. lod8iw nieals and medlcèl expetTrses for the homeless and rootless. 8y arrèrtwn8 for homeless and r<￿tleSS pe￿&t0 be pL4ced in svitalAe emkloyrnent and by assisting in such rnamer as the mon Community seesfit. Public bÉneAIt The trusteeg ensure that ihe actiwt*s of the Iharlty are consisteni with its charitslAe objeciivesond aims. In agreeinE our annual plans, the trustees take Inio aciouni public benefit as set out In the Charity Commi55ion's general guidance on PU￿1¢ ber*lit in relètion lg Ihe prevention and idief of po¥erty. the a(hancement of education ènd health and the relief of those In r￿ed. The Iru5tees believe there is (￿ar publK beneht deiwed frorn the èctyvil￿S of the charily. Achievements and performance Chair's note Summafized bek)w are the seFVices undertaken duringthe year ended 31 March 2023 No. GURSt5 5eenln SprvKe5 providÈd lThthe year Serylce Descriptio stre￿ wwk StreEt Work involves Wlalknr% alQD8ihe sireet501 L￿00n at ni¥hL. beiween 8.30 and 11pm We go out to offer a tupof rea or toffee and food and speTrd some rime with and talk io k*ople. We vse tlis setvice ag 0 8rapevithe ro get pr￿Slon5 forpeople who 31È in need. Our regular guests w"Il often alert us to son)ec4ie who is new ofin trouble 3nd we can 8et th•n what they need quiikly. such a5 shoes. coal or a 4eepir* bag. If we find sonieone wlK• 15 very ill prepared, we are Ae to get word back to rhe house to get thEm whar they Deed. We aim to devdop supportNe relationshi￿ wth those wlK> ère vulneiable and Isolaied. We kept in t¢)uth wth people ès they went in a out of emergency acc(*nmedation in the lockdown5 and weie èble to gNe rhem llews of each wlich was important when they hbd no way of keepini in touch. Meering people for thÈ first time is a clwe to bjild a iapport with them and to try io understand I￿r nEeds. 9135 160 Ae5idential Pfoieci Our residential projÈrt (J29 Malden Roadl is a truty vniqtse space Unlike any hornelÈss hostel you rnay have seen before. li Is a space for our guests to heal throuEh INin8 in£ommunrty. devdoping stforyr relat¢on51¥ps. and supporting people still on the 5trEets. Stafled by three full tirnestafl and or* Iwe In volunteer. iogethei with the resxlent group. siaff and volunreer5 prepare and deliver outreaih Se￿Ite$. We support orber volunteers on Ser￿Ces. ￿rne of whom have ven years of service ro London'sstreei horneless populabon. our house hufidreLIs of meals are prepared and distributed totk•5e still on the streeis each week. ( ¢)iiiiTroiii' iiiiiiilpei.. 0101) ? J61 We currentlyoffer 4 spa£esto people expeTiencing homde55ness that we have mer throb8h our street outreach We prioritise people are not suited tg a￿ernat￿le grovision or a quitk move to Independent lThfinE due to complex rteeds. traurna and PTSD. WE gNe people the twne they need to heal, whethef that is a few months or a few years. This is the opp051tÈ of a quKk fix. tyur ultimately It wll save governmer)t decades of investment in 51ickin8 olaster 501ution5 that do not adOre5S the trauma of expeTientin8 lon8.teTm srreet homelessness. [￿rIng the lotk downs we viere able to provide a doot seryitÈ where homeless guest5 coukl come tothe door forf¢)od. clothe5. hot drinksènd information. Vi51ts Once gue5t5 or re5KJents rno¥e on to alternative ac£offlrntsdatii>n they are supponed by the community through v151ts. We alsovisit people who have moved from the street5 into accornmodaiion who are in neÈd of community If they have not been residents in the residential project are known to the torntnunity through the street homeless community. In the year we undertook 204 hours olvisit5. We have ex-residents that nped our help for rnany wr5 atter they leave. The pandemic has wopelled a digital revolut￿n thai excludes many of th people that ￿ help. Without è di8ital prÈsÈrKe it ￿5 extremety dilficulr to rTra¥igate any health and social care system5. those who 8ei left behifyj te￿ to opt out of è system that they access. whKh puts their intomÈ, health Ind ienarKies in jeopardy. We advocate for3nd 5￿p￿￿rt people who are unable io acce55 these 5VStem5. Fdlowing the lockdown rÈstrKtK)ns, gue5t5 ond members h*e been awe to corne to the house for this 5UPPOrt. Many of our Vi&iin8 hours were taken up With hosprtal vlsits to ex-re>dent5 Qr cornmunity rnembers who rely on the community s thLyr main source of support urce.. &mon Community Over the cou15e of the year to March 2023 we delNered 160 services to London's hèrdest to rÈach street-homeless peopk. Even thtsu¥h the UK wa5 operatint In a post-paThlemic environrnent. we still had 10 irnplement our covid isolation plan and re5rructure outreach service due tc COVKI twice during the year. As so many of our 8uests are unvaccinated and clinically vulnerable, it is imprytanr that we didn't and continue to not take any unnecessèry risks. Our approach has been suciessful both times, the covKI casÈ has been contained ai residerttial Of in the staff team and no ovtreach servKes were rni5sed. OurAGM was held on 29" October 2022. Comin8 tO8ether at the AGM in the way thar we have dorvd annual￿ since inceptK)n gave the charitythe opportunityto mark a chapter followin8 the pandern￿. It was brilliani io see ￿eryOne to See the supportfrom all corners of the Community. tsld rnember5 and new. In July 2022 therewès è heatw3vÈ that Saw temperètvre In the hi8h 305 degree5 Celsivs. communsiy a6reed to review a 5eveie weather response when the temperature Is ab¢)ve 30 deerees. On those days WE sent teams out in the rnidd￿ of the day wih ic water. hats, $uncrearn and Ice poles to EL*Sts who found themselves Outs￿le in the e¥tremely hotwpather. We had the fir51 Euest picnic ￿nce the parrfleinic last summer wilh around 50 8uests corningtO8ether to enjoy lunch. ￿Me$ and Icmmunity last Summer. Everyone commented on how much they enjoyed ir and we are looking forward to holdtng rt a831n rhis year. As one of the oldest homeless chènties we had the jov of celebiatinE our 6￿h Anniversary on September 2nd 2023. wilh an event to y think you to all those invofved with the &mon CommuNty o¥er the years. This wa5 held In the holl of the Church which held the funeral forour Founder. Anton wallic￿(lIffOrd. w￿>WaS boin yehrs ago th￿ year. A former Pfobation ollicer ai 8ow Street Magistrates Court. Anton was a visionary whose work changed the wèy we v1ew Trx)tneles5nes5 and who inspired the formètion of a number of chèrities that dominate rhe homeleSs￿sS sector today. We want to take a speclal moment to appreciate all ourdonors. Thank you fof y¢Jur 511PPOrt particu￿r￿durIn8 these cha51en8in8 and diffitult time5. Your loyalty and commitment to ourcav5e has rneant rhat can adapt9uKkly to the changing needs of our 8uests 3nd continue to provide conystent 5UPPOrt. Thè charitydoes not fijndraise from on-the-street publ* ￿￿rCeS arKI tl*re We￿ nofv*￿raI$ln8 com￿81ntS received in the year. riiL' Trustees, report (continued) Structure governance and management The charity Is goverfied by its memorandurn aThJ art￿￿$01 asslxlat￿￿rt and is i￿￿pOrated a5 a company limited byguafantee. Every member of the &mon Comrnunity uThJertake5 to iontribute to the assetsof the charity In the event Ihp charity 15 wound up ¥vhilst he/she 15 a rnemter. such surn as fflay be tequired noi exceeding £1. Finoncit71 Review Total Income for the year 15 É415k IFY22. £217kl total expenoitvre £21C* IFY22.. £P23kl. resultiag In £175k net income IFY22.. É97 r*t expenditiirel. after unrea115ed 1nvestrnent1055es of £30k IFY22." E6k uniealised gain). Once a8ain. we ale immeTr5ely 8ratÈful to our donor base who continue to suppoit us irKludin8 rhose WIM) leave le8acie5 to us in thEir death estates which have contributed atly in recent times to our ¢)¥erall incwe. Furthemiore. the locu5 from the operational team contlnues to ensure a manageable cost bè5e. The trusiees ackno¥￿ed￿e the irKre39f•8 pressure5 On thetharitawe settow parti£ular￿8￿efi wider efonomK environment in thÈ U%, indudins unprecedented levels of high inflation, Ir6n51atin8 into3 c05t•f-1￿1•GCris1sfoI many Indfviduals and familie5. The chèriiy 5 cash position was f 387k IFY22. £217kl prothding suffic￿ni fut￿5 in near term to abwrb eipected lower donatKJns in the c(N))in8 year. Investmentmumryemert The trustees havÈ an Investmeiit pollcy seibng out rhe investmeni obiecti¥ps, atmude to risk, time horizon ènd erhical poliiy. In t year £IOOk wa5 transleired iryt¢ the I￿estmen1 èccoufti IFY22 nonel Ouring the veaf unrealised105ses amounted to £30.056 IFY22.. É5.931 unreali5ed aainl. Rlsk munoqement The trustees continue to moThtor rhe risk5to rhe £haritY U5in8 a risk re8isier. This is re¥lewed annually. and al tru5t2es are rnBde aware of the rlsk5 and their duty to a5￿$t in rnitl8atiN4 them. Golnq Co￿ern 8ased on tlie charity's reseNes position and the boafd's expectat￿n Ihoi ihe charily ha5 the ￿sOurceS to tontinue in operattonal Èxistente for ihe foresee0￿e lutyre, we bel￿te there are no rnatE¢ial u￿￿ertainlieS ihar call Into doiibt ihe charity's ability to continue as a soillg concern. The accwi)ts have tI￿leftye been piepaied on the ba515 that the chèrrty Is a gong concern. Reserves The board of trusiees believe thot the charity 5knuld hokl financial reserves I￿aUse." It has no endowment fundtng and is entlTely dependent for income from year toyearon dotK)r furMl*n& which isinevitably subjett to fluctuation It requires p¢otectK>n ae31Thst. and the ab.lily to continue IwpratiDg in the event of a serirwslack of irKome T￿rtr is a need to make pr(wi￿n for devdopment of the comnMbniVsseNces The trustees havè è reserves policy which stèiesthai rhe rar8et rnirlmurn levd of free resetves should be eqJivalenr of six months, unresrri¢ied operatin8 COSt5 IFY22.' yxl. cakvlated and reviewed ènnualfy. wh￿h arnounrs to approxirnatefy £IOOk on a pro-rata basis. based en current c05t levels. At the financial yèèr-end. there was £498k In ger￿ra1 fund5. 35 a result of un-budieted legècies received duringthe financial year. Ir is expecred rhai [￿Se exce55 fund5 will be utiliied in the normal course of operaiions in the financial year ended 31 March 2024 and for renovatiL>n$3t one of the e￿$ting Yo￿nIes. The Choiity has de51gnated £240,349 in a fixed èssetlund to iepresent fuThJs tied up In the Sifnon Community property portfolio and the Conimunity Van used In provssvn of 5erwce& Charity has èlwdeyenated £347.651 in a propeciy fund to cover the liitLire purchase of property (potentially with èdditK*nal Pfoceeds Irom the sale of aTrother property. to be decided by rhe board In the Corn1￿ finarrial year) and £19.21XI for a newwebyte. fOrw￿Ch be8an in the finbntil yeaf. L oili1￿lIFI. 11111171)L'i.- DJ6(J?161 3 J .11(ii'c'li )1)23 Tru5tees' report {continued} Structure governance and management {cortinued) Boord of trustees The board consisrs ofthe Chair. Treasurer and not less than 3 ￿ more than 12 other persons. all elected by the members. At each Annual General MeetirK IAGMI. the Chair and Treasurer retire from office and eli81￿e for re-election. Members are a150 eliw'ble foi election at the AGM Up to one third of trustees can be drawn from iesident5 or service vsers. The wlicy of the charity 15 that all trustees receive traini￿ about their roles ènd responsibilitie5 as tiustees. Trvstee5 are recruited ihrou8h the network5 of Member5 and are appointed throuth vote at the AGM The trustee5 who held office durirt8t￿ YearWe￿a5 folknv5.' Chris Huntw. Chair AlexarxSer Plckerin& Tre3surer Alan C&e Gesa ￿kOwskI Mark Pritehard CharlottÈ Spence-Jone5 Oa8nija O'connell Peter McKay IRes¥ned 29 October 20221 IApp)inted 29 Ortober 20221 (Appoinred 17 July 20231 Orgonlsotlonu15tmrture The charity is organised so that Irs trustees meet ￿8￿larty la minimum of 8 times per yearl to mènage its aflairs and toke siratewc decisions on behalf ofthe charity. The day"to.day runnin8 of the Community is delegated toa Community Manager whtr is Supported by an Assistani Community Manager. tw)th of whom are full time and rep￿1 io board. D15closure of informotion to the ouditor The trustees who held office at the date of approval of thi5 trustees, reportconfimi rhat, so far as they are each awarp, there is relevant audit information of whKh the Cornpany'5 auditors are unawa￿. and each trustee has takèn all the stÈP5 thai helshe ought to have been taken In theircapacity a5 0 direttOT ol the company io make him/heT.self awaie of any relevant audit Infomiation. Audltors Pursuant to Sectpon 487 of the CornpaThvès Act 21>16. auditoiwjll ￿ deemed to be reèppointed and Hay5rnacintyre LLP will Iherefofe continue in oftKe. In preparing this report, the board of trustees have takert èdvantace of the small cc#mpanies' exempt￿n$ provi(Jed by 5ettion 415A of the Companies Act 2(￿6. ( viiii)Éiipi. .I'iiinM.1.- 01611?lOJ ij .IIui'L'lI ?O?J Statement of Trustees, responsibilities In respert of the Tru5tees' report and the financial statements The trustees are r*spoftsible for kweparin8 the Tru4Èes' Report and the tinar*ial stoternents In 4tt0rdance vAth applicable law and ie8uldtiOfiS. Company law require5 tl*dirertors to pre￿[￿finanCIal ststements for each financialyeaf. UThJerthot law they h•veelected to prepaie rhe fi￿anCIal 5tatement5 111 èctordaYKe wilh UK Accounting Starydards and ayplicaFAe law IUK GeneralyAccepted Accounting Practice), includirw FRS 102 The Financial Repoftin8 Stahdèrdapplitable in the UK and Republlc of ITelafMJ. Under tompany law the twstee5 must not apwoye tl* finanoal Sta￿￿*￿t5 unless they ore Satisfied that they Bive a true and fair view cf the state of afFair5 0¢ the company and of the profil ￿ k)ss of the company for that period. In preparing these financvdl statements, the trustee5 are required to.. se￿tt sultaLle accwnting then them consisteTrtty: rnake ltsdgernents estimates ihat are rea5￿ab￿ prudtnt: state whetherappricab￿ UKACcountin8St￿dard$ ha¥e been Idlowed,sub)eciioany materia d￿rtU￿5dlscl¢$ed and explalned In the fInar￿13151aiemellts.' and Pfepère the tinanc4)I siarefflents on the 8thn8corKvn basis unless rtis Inappfopriaie to p￿sume that comparry will continue in buynÈss_ The trustees are I'esponsible for keeping adeuuale atcounting retords that are sufficient to showand explain the £ompany s Iraiisacti¢ns and disclose with reasonable accurac¥ at any trrne the financsol PDYtion of the c¢%npany Ind enable them io ensure that the financkAI staiements comply with the Cornpanies Act 2LM)6. They have general responybility for takin8 5uih steps a5 are re?sonaWy opÈn to them to s•feguaTd the assets of the company ènd ro prevent and detect fraud and other IrregulèriDe5. The trustees are re5k￿51b￿ foi the rnaintenaftce arml inte8fity ol the corporate finanoal information induded on the chaiitable company s website. Thi5 repLvt wa5 approved by tl* board ol irusiees on 20 2023 si8ned on Its behalf, by. Chris Hunton. Chalr 129 Maldw Road. Kentish Town London. NWS 4HS C ¢lllllRlnl..liiiiihc'i-' 01011?16 j INOEPENDENT AUDITOR'S REPORTTOTNE mEMbERs￿ThE SIMON COMMUNrTY Ownion We have audited the financial statements of The Simon Cornmunity for IheYeare￿ed 31 March 2023 which comprise The Statement of Financièl Activitie5, 8alance ShÈeL StaternÈnt of Cash Fkjws and notesto the finar￿la1 statements. including a summary of $18rtificJnt accounting policies. The financial reporringframework that has been applied in t+￿Ir preparation 15 applicable Liw and Unsied Kin8dom Accounting Standards. Includi￿ Financial Reporting Standard 102 The Financial Reporting Standard opplicable in the UK and Republic of Ireland (United Kingd(Th Ger*rally Actepted AtiouThtin8 Prath¢el. In our opinion, the financial 5tatements'. ive a tTue and fair viewof the state of tharitable tompanrfs affairs as at 31 March 2023 and of the charrtable comparf5 net movement in funds. includin8 the irKome and expe￿ltUre. for the year Ihen ended. have been properly prepared in atcordarte wrth United Kingdom Generalty Accepted Accountire PractKe: and have been prepared in accordanie with the requiretnent5 01 Companie5 Art 2W6. 8asis fc* We conducted our audit in accordarKewith International $14ndard5 on Auditin8lUKI IIS45 IUKII and applicable law. Our responsibilities under those standards are further descr*bed in rhe Auditorfs iesponybililies for the audii of the financial statement5 seition Df aur report. We are independent of the charity in accordance with the eth￿al rE4uirements that are re￿Want to our audit of the financial statements i• the UK. in¢ludin8 the FRC'S Ethical Standard. and we h4¥e fulfilled our other eth￿al responsibilities in accordènce with these requirement>. We believe that the audit ewderKe we have obtained Is sufficient aThY aPPTopriaie to prO¥￿e a ba515 for our opinH)n. Concluslons reblin8 to 8Oln8 In audifin8 the fina4)cial sratemeftts. ¥¥e have concluded that the tru5iees' use of the ¥pin8 concern basis of accounting in the preparation olthe financial statements Is apyopriate. Based on the work we have perforffled, we have rK)t identified any m3teri31 uncertainties relatin8to eventsor cond¢rions tkwt, individually or tollectively. may cèsr significani doubl on the charitable campany'sability to continue a5 a going concÈrN for a period of at least tWe￿e rnDnth5 froffl whèn the finantial statements are authorised for issue. Oui responslbilitles and the ie5pon5-*ilities of the tru51ees ￿th respect to Boin8 ¢oncÈrn are described in the relevant sertion5 of this report. Other iTrlormaiioTh The trustees are resporssible for the other information. The other information compfises the information included in the Trustees, Report Our opinion on the linancial sratements doe5 not cover other information and. except to the extent otheiwise explicit stated In our report. do not express aTh¥ form of assurance conclu5K)n t￿reOrL In conneciion with our audit of the financial Statements, (Hjr re5lX)11sibility 15 to read the ot￿r Information and. In doinc 50. consider whèihÈr the other information 15 materialty Inconsistent with the financial statemenrs or our knowled8e obtBined in the audit or otherwise appears to be Material￿ rni55tated. If we identify such mateiièl inconsisienc*es or apparent material misstatements. we are required to determine whether thwe Is a matefflal rni$5taternent in thp financial 5taternents or a material misstatement of ihe other infortnation. If. based on the work we have perfomied. we CO￿lU￿￿e thèt ihere is a marerial mi55taremeni of this other inforfflation. we are required to report thar fact. WÈ have nothi￿ to report its re8ard. OpiTrions oh othev matters ￿es￿bed by the Companies Aci zcrf)6 In our opinion, based on the work undertaken in the COUT5e of the audit.. the inforrnaiK)n 8iven in The Trustees. Report 1wh￿h includes the director5. report Pr￿pared for the purposes of cempany lawl for the finèncial yearforwhich the hnancial statements are prepared iscon5i51ent vArh the hnatKial 5tatements,' and the directors, rwrt included withn the Trustees. Report have been prepared In accordance with applicable lègal requirement5. JI .l[iii'c.IF ?O?j INDEPENDENT AUDITOR'S REPORTTOTHE MEMOÉRS OFniE gNION COMMLINifY IcMiinuedl Matters on whlth we are retyiredto rep(wt by exeepti In the li8ht of the knowled8e and understanding of the charitaNe ccmnpany irs environment obtained in the t￿￿se of the au(Sit. we ha¥e Identified matenal misstatements in the TTusiees' Rel￿rt Iwhich 4ntorw)rates the directors. reportl. We have nothin8 to report in re5pect01i￿ fotlowir8 matter5 in relatK)n to which 1￿cOmPanieS Acr 2(WJ6 reoukes Js to report to you if, in our Opini￿.. adequate occouniinÉ records have been kept by the thariiable cornpary., or certain disc￿$ureS of trustees. remuneration 5pecilied b¥ law are wt made." or we have not rtteived al rhe information and explarkations we require for our al￿11.. or the tru5tee5 were not entitled to prepafe rhe fiftanoal sta￿rneD15 in ￿cOrda￿e with the smallcomp￿tes. reginie and take advonrage of rhe sm41 ccmpaThe5' e¥emptw)ns in prepar4w the trustee5' feport and fr(*n the requirement to Pfepare sirarewc report. RespI)rt￿bIlitieS of tru5tets for the financial stoternefit5 As explained more fully the tru5tees' responsibfities statement sei out on page 6, trustees Iwho ao also the directors of the charitable compan¥ for the purpDses of cornpany lawl are Te5POn￿ble for the weparaiion of the finarKial staternents and for bein8 Satisfi￿ thèt they give è true and fair Mew. and for such inrernl C￿trol as the trustees determine is nÈce5sary to enable the eparation of tinan(ial Statements that are Iree fvorn rnatuial misstsiement, whether due to fraud or errty. In pre￿ling the finèncial statements. thetrustees are re5ponyble fora$5e551nE the charitable company's ability to continue as a goin¥ ioncefh, disd051￿ a5 applicaLqe. rnatters rdated 10 80tr￿ concern usng the Bcxn8 C￿cern ba$15 Of èctounknD8 Un￿55 thetrustees eirhef Inteiid to liquidate the Charital￿e cornpany or ro cease operations, or have no realistK alternative bui todo so. AudllCff'S responsiblHtlesf￿ the autht of the fin*nual st•temen Our objectives are to obtain reasonablE a55uraThce about whether the hnancial staremenis as è whole are free froni malprjèl m1s5tatement, WhetTr￿r due [Qfra￿ or error. and toissue an auditor'sTew)rt that Includes ourotxnion. Reasonable assurance is a high level of a55urance. bui is noi a guarantee that an a￿1¢ conduci￿ in ￿(ordanCe ￿th 1&4s IUKI V4111 always detect a material rn155tatement when ite¥15ts. MisstaterneDt5 canari5efrom fraudorerrorand are considered materi* If. individually or In Ihea88regate. they could reasona￿¥ be exwted to influentÈ the etorwic deci510n5 of users taken ￿ the basis of these financial statÈments. Irre8ulant*s. I￿lUding fraud, are ¥)Siances of no￿￿￿￿lance ￿1￿ law￿ aNJ re8ulatiTris. We de9En procedures In line with ou respongbilityes. outlined atove. to detert material misst3ternEnts In respea of IrreW4rthes, i￿luding fraud The exteni to %yh'ch our DcedurÈ5 are tèP3ble of detecThngirre8ularities. includingfraud Is deiailed È40w-. Based on our vThlerstandiry of the tha(ity and ihe enwonment in wFMih it opef8te5. we identified that the PTinopal risks ol *)0 compliance Wilh law5 and reKulatx>)s related tocornpliaDce wth re8ulatory reqL¥ierrsentsof companylaw, employrneni law and health nd safety regulations we COnSMJered the extenttowhch rw-c6. The charity has no recognised gains or losses other than the nei increase in funds the year. The notes on pages 13 to 23 lofm part of these financial statements. ( nipiiRiiii'.liiiuhLI': O JOIJ ?10 j JI .IILii'¢.li )02J Balance sheet GS at 31 Morch 2023 2023 2022 Note FIXED ASSETS Tan8ible assets Investment io 15 240.349 527.643 256.671 455.072 767.992 711.743 CURRENT ASSETS Debtors Cash at bank I1￿72 387.337 65,627 217.351 398.409 282,978 CREDITOR5- amounts falling due within one year 12 112,3521 115.4151 NET CURRENT ASSET5 386.057 267.563 TOTALASSETS LESS CURRENT LIABILITIES I,IS4,049 979,306 CHARITY FUNDS Restricteij funds Unrestricted funds 13 13 48.909 1,105,140 49.814 929,492 1.154.049 979,306 Zb fvo¥eY4aG The financial statements were approved by the board of trustees on 2023 and signed on their behalf, by.. Chr15 Hunton Chair Alexander Pkkering Treasurer The note5 on pages 13 to 23 fomi part of these financial statements. C i)iiiikiiii'.Iiiinhei" OIC)l)?161 31 .IILll¢'lI )023 Statement of cash flows for the year ended 31 Morch 2023 2023 2022 CASH FLOWS FROM OPERATING ACTIVITIES Nei Ilexpenditurellincome for ihe year las per the Statement of Financid Activities) 174.743 1971 Adju5tmentsfor.' Depreciation Gains on investments Investment income Interest received Detrease / Ilncreasel in debtois IDecreasel I Inuea5e in creditors 16.322 30.056 18,0671 11.5381 54,555 13.0631 14.121 15.9311 16.8631 1291 119.4711 1.912 NET CASH IUSEO INIIGENERATED BYOPERATING ACTIVITIES 263￿0# 116.3581 CASH FLOWS FROM INVESTING ACTIVITIES Investment acquisitions Investrnent disp05a5 Movement in investment cash Investmeni incoff Interest received 11365571 27.105 6,825 8.067 1.538 157.0911 53,877 1,859 6,863 29 NET CASH IOUTFLOWI FROM INVESTING ACTIVITIES 193.0221 S.S37 Chan8e in net cash and cash equivalents in the year Cash and cash equivalents at l April 2022 169.986 Z17.351 110,8211 228,172 CASH AND C￿￿ EQUIVALENTS AT31 MARCH 2023 387.337 217,351 ANALYSIS OF CHANGES IN NET DEBT At l April Cash flows 2022 Other non. cash d)ènges At 31 March 2023 Cash and bank 217.3SI 169.986 387,337 The notes on pa8es 13 to 23 form part of these financial statements. il 11(Irc'li ?0 ?3 Notes (lorMM￿p0rt0A thellnon¢lulstotements) Accountlng policles Basis of Prepaiatlon The financial statements have been prepared in aCC￿danCe with the Statement of Recommended Practice lor Chèrities ISORP 20151 (Second Edition, effective l January 20191, the Financial Reportin8 Standard applicable in the UK ond Republic of Ireland IFRS 1021 and the Companies Act 2(Ll6. The Simon Community meets ihe definition Of a public benefit entity under FRS 102. As5et5 and liabilities are initially recognised ar historic31 cost Or transaction value unless otherwise stated in the relevant accounting pollcy notelsl. Preparatlon of the accounts on a 8oin8 concèrn basis Having con5i(Jered future plans and cash flows. rhe trustees conh.mi that they are not aware tsl any material uncertainties with regard to the enti￿5 ability to continue as a going concern for the foreseeable future and therefore have prepared the attounts on a 8oin8 concern basis. Estimation uncertalnty In the view of the trustee5 in applyin8 the accountin8 policies adopted, no judgements were required that have significant ellect on the amounts recognised in the financial st3ternent5 nor do any e5tinate5 Qr 355umptions made carry a si8Dilicant risk of material adjustment in the next financial year. Tan8ible fixed a$5ets and depreclaiion All assets costin8 more than £100 are capitalised. Tangible fixed a5set5 are stated at cost less depreciation. Depreciation is provided at rates calculatéd to write off rhe cost of fixed assets. less their estimated residual value. over their expected useful lives on the following ba5è5'. Freehold Property Motor Vehicles Furniture and Fixtu 2% straight line 25% 5trai8ht line 20% straight line Financlal Instruments The charity only has financial assets and financial liabilities of a kind that qualify a5 b65ic financial in5trurnents. Basic financial instruments are initially reco8nised at transaction value and subsequently measured at their settlement value. C i)iJiiiiiii'.I'iiiiihL'I" OIOIJTr161 Notes (continued) A¢¢ountlng pollcles (continue Oèbtors Trade and other debtors are recogTh5ed at the sethement amount due after any trade discount ollèred. p￿PaYmentS are vaued at the amouni prepaid net of any trade discounrs due. Cash at bank and In hand Cash at bank and in hand include5 bank accounts. cash and short term highty liquid investments with a short maturity of three months or less Irom the date ol acquisition or opening of the deposlt or similar account. Crèditors and provlsions Creditor5 and prcM5ton5 are recogni5ed where the charity hè5 a present obligation ￿SuItIng from a past event thèt will probably resuli in the transfer of funds to a third party and the amount due to settle the obligation can be measured or esD mared rdiably. Creditors and prov5sions are normally reco8nised at their settlement amount alter allowing lor any trade discount5 due. Income recognition Incorne is included in the SOFA once the charity has eniillemeni to the income, it is probable that the income will be rewved and the amount ol inrome r￿@1¥3*￿e tan bè measured ieliably. The ftsllowin8 specific policies apply to categories of income". DOnati¢￿S & Grants where related to performance and speofic deliverables a¢e accounted for as the charity earns the right to considerabon by its pertormance. Where income is receved in advance ol its reco8nition it is deferred aftd intluded in creditots. Wheie entitlement occurs before income bein8 received the income is accrued. Income rax recoverable in relation to donations received under Gift Aid or deeds ol covenant 15 recogni5ed at the time tsf the donation. Incorne tax recoverable in relètion to investment income is recognised at the time the investment income is recevable. Investment income is credired to incorne when it is receivable and the arnount can be measured reli&bly by the charity.. this is normally upon notification of the interest paid or payable by the bank. Expendituie recognillon liab*litie5 are recognised 35 expenditure as 500n as there t$ 3 legal or construrtive obligation committing the charity ro that expenditure, it is probaNe that setfjement will be reqUI￿d and the amount ol obligaDon can tse measured rdiably. Expenditure 15 re¢ognised an acuuals basis ès a liability 15 incur￿d. indusive of VAT, which cannot be covered. Governènce cosrs are those incurred in connection vAth administration of the charity and compliance with constitutional and statutory requirements. 14 C ()Ipiikiiii'.l-iiiiihL'i'- ojorj? 16 J j I ,l[. 140 remuneration was paid to trustee5 noT were any expenses feimbursed12022- the 53mèl. 18 TIIL Notes fcontinued) 10. Tanglble fixed assets Freehold propertv Motor vehicles Flxtures & Fittin85 Total C051 Ai l April 2022 335.442 22.020 15.041 372.503 At 31 March 2023 335.442 22,020 IS￿41 372503 Depre¢latlon At l April 2022 Charge for the year 101,325 6.708 10.038 4.469 3.008 115,832 16,322 At 31 March 2023 108,033 16.644 7.477 132.154 Net book value At 31 March 2023 227,409 5,376 7.564 240,349 At 31 Marth 2022 234.117 11.982 10,S72 256.671 ii. Debtors 2023 2022 Legècies reoivable 11.072 65,627 11.072 65.627 12. Credftors: amounts fallln8 due withl one year 2023 2022 Other creditors Accruals 1.521 10.831 4.377 11.038 12.352 15.415 19 riic, C OllllPlllFI'.liiiiih,i-' ojorj ?101 31 .IILlI'cli )0?3 Notes Icontinuedg 13. Statement of fund$- 2023 Brought forward Incornel 8ains Carried forward Expenditure Transters Designated funds Fixed assers funds New property fund New web511e fund 256.671 347.651 1163221 240,349 347,651 19.200 624322 117.1221 607.200 General lunds General funds 305.170 385.287 1192.5171 497.940 Total unrestrirted funds 929.492 385.287 1209ffi391 1,105,140 The fixed assets fund represents amounrs tied up in fixed assets. The new property fund repre5ent5 amounts put a&de to purchase new properbes in the future. The new website fund represent5 lunds put a￿de to devdop a hew website. Brought forward Carried forward Income Expendlture Transter5 Restrlrted fund$ 2022 129 Malden Road fund 49.814 48,909 Total restritted funds 49.814 I￿5} 48,909 Total of funds 979.306 385.287 1210.544) 1.154.049 The 129 Malden Road Fur￿ was recei￿ towards the rete￿rat￿n of our 129 Maden Road property. Statement of funds- 2022 Brought forward Carried forward Incorne Expenditurè Transfers Designated funds Fixed assets funds New property fund New website fund 270.792 347.651 20,IJOO {14.IZII 2S6,671 347,651 20,000 638,443 114,1211 624.322 Genèral funds General funds 281.575 222.617 1199.0221 305.170 Total unrestrlcted funds 920.018 222.617 (213.1431 929.492 31 .11£ii'L.li )n?3 Notes (continuedj 13. 5taiemènt of funds (cont￿ued) Brought forw3rd CarrlÈd forward Intome Expenditure Transfers Restrlcted funds- 2022 129 Malden Road fund 59.385 19.5711 49.814 Total restrlrted funds $9.385 19.5711 49￿14 Total of funds 979.403 222.617 1222.7141 979.306 14. Analysbs of net assets between funds-2023 Restricted funds 2023 Unrestrlcted funds 2023 Total fvnds 2023 Total funds 2022 TanglblÈ fIX￿ asgets Investment Current assets Creditors due within 240.349 527,643 349.51NJ 112.3521 240,349 527,643 398,409 112.3521 256,671 455,072 282,978 115.4151 one year 48,￿9 1.105.140 1,154,049 979.306 Analysls of net assets between funds-2022 Restrirted fund5 2022 un￿sIrl¢ted fvnds 2022 Total fund5 2022 Tan6lble fixed assets Investment Current assets Credltors due wlthin one year 2￿.571 455.072 233.164 115,4151 256,671 455,072 282,978 115.4151 49.814 49,814 929.492 979,306 TJi¢' Note5 (continued} 15. Investments 2023 2022 Investment funds As at l April 2022 Additions Dispos315 Utsrealised 8ains on investments Movement on investment tash 455.on 136,557 127.1051 130,0561 16A251 447.786 57,091 153,8771 5.931 11,8S91 Investmènt funds as * 31 Ma￿h 2023 527.643 455.072 Investment funds c￿)515t ol listed investments. 16. Related Party Transactions There were no related party transactions in the year to be di5dosed12022- the same). Jl .l[{ift'{'li )0? Notes (continuedj 17. Comparatlve Staternent of Flnantial Activities for rheyeor ended 31 Morch 2022 RestriLted Funds Unrestilcted Funds 2022 Total Funds 2022 2022 INCOME AND ENDOWMENTS FROM: Donations ènd le8acie5 Investments Charitable attivities- homele5sne55 aCtiwt*s 196014 6A92 196,814 6,892 12,980 12.980 TOTAL INCOME 216,686 216,686 EXPENDITURE ON.. Raising furxls Charitable activit￿$ homele55ness 110,4631 110.4631 19.5711 1202.6801 1212,2511 TOTAL EXPENDITURE 19.5711 1213.1431 1222,7141 Net 8ains on irivestments 5,931 5,931 NET IEXPENDITUREIIINCOME 19.571) 9.474 1971 Reconci15atlon of funds.. Totolfund5 or i April 2021 59385 920.018 979,403 TOTAL FUNDS AT 31 MARCH 2022 49,814 929,492 979,306