OpenCharities

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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 01429772 (England and Wales) REGISTERED CHARITY NUMBER: 285834

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

SHIRE TRAINING WORKSHOPS LIMITED

TRADING AS OPENHOUSE

Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 20
Detailed Statement of Financial Activities 21 to 22

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

REPORT OF THE TRUSTEES

for the Year Ended 31 March 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

Our Vision:

Supporting vulnerable people to live full and independent lives.

Our Mission:

To enable individuals to discover their potential through providing a safe environment where they can live, thrive, and receive support to reach the next step in life.

Our Values:

o Integrity We are honest, gracious, and respectful, and committed to working to the best of our ability.
o Compassion We are able to empathise and feel compelled to alleviate someone's suffering.
o Excellence We are committed to providing the best quality service to everyone who is part of the OPENhouse
family.

Core Principles:

1 Holistically supporting vulnerable and disengaged individuals to become independent.
2 Celebrating individual uniqueness and diversity of service users and staff; demonstrating equality across the organisation.
3 Accepting everyone for who they are and where they are in their lives.
4 Providing a welcoming space for all ages to live, thrive, and feel secure.
5 Remaining confident in our own ability to help others and continually developing ways in which we can improve our service.

The primary objects of the Charity are:

Charitable activities:

OPENhouse provides housing and support for homeless and vulnerable people with multiple and complex needs. Our key aim is to effectively facilitate the transition of our service users from a position of vulnerability and dependency to living 'fully functioning lives' within their capacity to do so.

This is achieved in three independent yet interdependent ways through:

Public benefit

OPENhouse welcomes all people regardless of personal background, faith, gender or personal circumstances and we believe this philosophy of openness to all enriches everyone through the sharing of the skills, values and life experiences.

Our Stroud sites provide the local community with centres for a variety of activities and events for many groups. We believe equal access to our services is vital to our success and that successful outcomes must be shared by all communities that use our services. We believe in working with other organisations to broaden the impact and influence we have with the varied people we work with. Our skills can be applied to all ages and abilities and our service can be beneficial to vulnerable individuals from all walks of life.

Each area of OPENhouse works carefully to refine their practice to achieve a careful balance between growing the organisation and not diluting the high quality of service delivery or OPENhouse's Mission, Vision, Values and Core Principles. Sharing information, knowledge and expertise is crucial to our success and our ability to respond to a rapidly changing landscape. All members of staff and service users are encouraged to be curious, ask questions and be prepared to kindly challenge and discuss to reach agreement as a team.

Page 1

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

for the Year Ended 31 March 2021

REPORT OF THE TRUSTEES

OBJECTIVES AND ACTIVITIES

Trustees pay careful attention to the Charity Commissioners guidance on public benefit and the activities carried out are consistent with those requirements.

OUR WORK:

Supporting People [SP]

OPENhouse have remained resolute in our aim to continue to provide not simply housing based support but life skills, and access to employment and apprenticeship opportunities. We believe this approach results in better longer-term outcomes for our service users. To this end we submitted a tender response for the Accommodation Based Support contract that we had previously lost in 2019 and were successful. We were awarded 5 separate lots which includes the 18+ accommodation based support (SP) and rough sleepers/entrenched intensive support. This outcome was a welcome achievement for our staff team and assisted with increasing staff morale and revenue.

Enhanced Living and Support [EST]

The Enhanced Support Team provides specialist support for those in their own homes and within our self-contained flats at Delmont's Lot. Throughout 2020/21 we supported 5 service users in self contained accommodation at Delmont's Lot, 4 young people in the shared flat 5 and 11 service users within our floating support 'in-home' service. Most of the individuals we work with have some form of complex mental health need, Autism Spectrum Disorder or Learning Difficulties and rely on continued planned support. During the COVID 19 pandemic many or our residents struggled to adapt to the changing landscape and struggled with boredom which led to non-engagement with support. The complex mix of having non complex mental health residents and young people at risk of homelessness on the same site also presented several challenges with anti-social behaviour and security.

Over the last 12 months there have been considerable changes within our enhanced support and floating support services. One floating support client has moved on successfully during this financial year, and several have moved on from the shared accommodation flat. We have welcomed two new residents this financial year with one being ready for an imminent independent living placement.

OPENhouse completed the tender to continue providing the non-complex enhanced support for the next four years in January 2020. After a 5-month COVID 19 related delay we finally heard in August 2020 that our tender application had been successful. This much needed good news was another boost to staff morale and presents an opportunity moving forward to further develop this essential service.

Entrenched Rough Sleepers

Following the COVID 19 virus OPENhouse had to rapidly rethink the business model for Painswick Inn. The Senior Management Team (SMT) took the decision to respond to the District Council appeal of accommodation for entrenched rough sleepers. OPENhouse found itself with 10 voids following the decant of the SP contract service users. The central government edict of 'everyone in' presented an opportunity for OPENhouse to respond. Ethically we had a moral and corporate responsibility to assist in the COVID response. From the beginning of April 2020, we have accommodated 10 rough sleepers in Painswick Inn. As a result, OPENhouse prepared a business plan and strategy for Stroud District Council with a suggestion that we could run this service independently providing not just accommodation but also much needed support for this client group. In September 2020 we were informed that this proposal had been accepted in principle as a trial project for six months. The funding for the continuation of this project has been secured via NSAP funding from SDC until the end of March 2022.

This demonstrates our ability to think flexibly, by swiftly responding to the local community need. We have been able to build constructive relationships with key people in the county, thus reducing our voids and increasing our income. This project has been a real success for OPENhouse and the local community. This project's positive community impact has included a reduction in street begging, anti-social behaviour and street based drug and alcohol addiction issues.

OPENhouse were also in a position to offer a single severe weather emergency protocol bed in the winter of 2020. This proved to be successful so we are now on the GCC supplier list for this service and have been approached to make a more permanent provision for this service in 2021.

Page 2

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

REPORT OF THE TRUSTEES

for the Year Ended 31 March 2021

ACHIEVEMENT AND PERFORMANCE

A review of the charity's business

2020/21 was both a challenging year and a year full of opportunity for OPENhouse.

Throughout 2020/21 OPENhouse has continued to provide supported housing, and complex needs support for homeless people and vulnerable individuals. Funding cuts and contractual changes have made this work challenging but we have continued to achieve successful outcomes and OPENhouse is establishing a positive reputation for this work. Strategically the CEO and Trustees agreed that OPENhouse needed to widen its remit to include all vulnerable people in society which would future proof the charity by being able to respond to immediate local and county needs.

The main objectives for the year ending 31 March 2021 were:

To further develop the EST service OPENhouse took part in a quality audit by Inclusion Gloucestershire who provided a report detailing our strengths and recommendations regarding areas we could improve on. These recommendations included a more robust and thorough transition into our service, improved security and back up mental health support at night, more focused goals in support plans, and an auditing process of critical incidents and complaints. These actions have been implemented and will be regularly monitored and evaluated via Trustees meetings.

The PIP staffing model was evaluated, and it was concluded there was a need for support in the early part of the evening, which is now in place, CGL (addiction specialist service) are present on site weekly and formative research is being carried out into volunteers providing anxiety workshops and alternative therapy sessions on site.

For the past year OPENhouse has been involved in the local strategic partnership network and STC Street Lifestyles project. Various options have been considered regarding utilising a room for an on-site gym/therapy room and awaiting potential funding applications.

It was a great achievement to have secured two contracts this year with a 3rd for 16+ accommodation-based support submitted and awaiting decision by GCC.

We managed to operate at approximately 80% capacity across the organisation.

A review of the site highlighted several structural issues with the British School site that have been remedied and a reoccurring damp problem at DL work has been completed in the next reporting year. The age of the PI site is a risk to the future sustainability of the charity as the maintenance and repairs have proved to be costly.

Key Outcomes:

COVID-19

COVID-19 has continued to be a mixed blessing to OPENhouse. Like many other small charities and organisations we were required to furlough several members of staff who fell into the extremely vulnerable category. This left us short staffed and therefore the remaining staff had to work above and beyond their contracted hours and job descriptions. Due to outstanding staff loyalty and goodwill this worked very well and the whole staff team pulled together to ensure our service delivery adapted to a more remote model but retained the same degree of compassion and professionalism. The social distancing required for all people was a particular challenge for some of our more chaotic residents particularly those with drug dependence and mental health conditions.

OPENhouse responded to the Government edict of "everyone in" by offering the Painswick Inn's 10 bedded accommodation to long term entrenched rough sleepers (see previous section on Entrenched Rough Sleepers). This coincided with the loss of the Supporting People contract in March 2020. This decision was both an ethical and moral one and made good business sense given the likely void scenario we were about to face.

Page 3

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

for the Year Ended 31 March 2021

REPORT OF THE TRUSTEES

ACHIEVEMENT AND PERFORMANCE

COVID-19 has highlighted the fault lines in society and OPENhouse has an opportunity to be part of the solution in Stroud. We have received far more direct enquiries for accommodation and support from those fleeing domestic abuse, struggling with addiction and suffering from poor mental health. Our challenge moving forward is to ensure we respond to this new normal by satisfying our charity aims whilst covering our costs. It has become apparent that we have been at maximise capacity with minimum staffing levels for most of 2021, therefore, the next challenge for OPENhouse is to strategically plan for more residents rooms on site. Several options have been discussed and costed for the next financial year.

FINANCIAL REVIEW

Financial review

At the time of writing this report, the Charity's income was £445,049 in 2020-21 against an expenditure of £405,923 leaving a surplus of £39,126 in the year's accounts. Considering we were battling really demanding conditions during the COVID pandemic this financial result is a good barometer of the Charities' future sustainability. The surplus is largely a result of reduced staffing costs and increased occupancy levels. Since the time of writing we have incurred some fabric and structural costs in order to maintain our site to a safe standard.

At the time of writing the outstanding debtors is a financial challenge for OPENhouse; a review will be carried out next financial year to ensure where possible all amounts are recoverable. Historic resident debt is always pursued but sometimes to no avail if residents have abandoned without a forwarding address. The other main source of debt is Stroud District Council's (SDC) who often fail to reimburse us for housing benefit as well as other amounts owed in a timely manner. This has been a source of frustration with our finance and operational personnel who have raised numerous complaints. Without the SDC amounts owing, the Debtors figure would have been similar to the previous year. Since the end of year accounts have been produced this number has reduced but as yet has not been fully cleared. OPENhouse has a policy of ensuring that debts are repaid and pursued, and we actively work with each debtor to ensure effective and sensitive debt recovery. Each department has responsibility for their own budgets and works collaboratively with the Operations Manager and the SMT to control costs, maximise revenue and proactively seek new streams of funding wherever possible.

Income

Both Enhanced Support and Housing and Support made a surplus of just over £36,000 each. The Charity continues to benefit from its property portfolio with Commercial leases, and Hall hire contributing £66,414, this clearly reduced due to COVID restrictions on group meetings.

Our principal funding stream comes from Gloucestershire County Council, NHS and Stroud District Council contracts.

Expenditure

Central costs have reduced from £194,664 in 2019/20 to £132,309 in 2020/21 this is largely due to a reduction in overheads including savings from the new accountancy outsourced provision and headcount has naturally reduced. This figure is likely to rise slightly next financial year as an increase in headcount is needed to sustain growth. It is also expected that the listed buildings will need further renovation and maintenance. This year the Charity has written off £8,976.88 of historic bad debts from previous years within this year's accounts.

Fixed Assets

Total Assets for the year are £1,525,000 which is made up from fixed assets of £1,025,000 and our property investment portfolio of £500,000. The Company applies a straight-line depreciation rate of 20% to plant and machinery and 15% reducing balance to fixtures and fittings.

The current assets stand at £282,738, with current liabilities of £43,282 with long term liabilities of £168,552 a significant reduction on last year's figures.

Reducing our long term loan liabilities by clearing the mortgage on Painswick Inn last financial year has made a significant difference in our ongoing interest charges.

Reserves policy

The target for reserves not committed or invested in tangible fixed assets held by the charity should be a minimum of 3 months expenditure for charitable activities. The Trustees view a target of £120,000 in cash funds being desirable, with £80,000 being required to cover three months full staffing costs. The present level of cash funds is £212,225, with £11,476 being restricted funds. This figure has significantly reduced following fabric investment and mortgage repayment as outlined earlier in last year's report.

Page 4

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

REPORT OF THE TRUSTEES

for the Year Ended 31 March 2021

STRATEGIC DIRECTION

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The organisation is a charitable company limited by guarantee, incorporated on 15 June 1979 (Company Number 01429772) and registered as a charity on 29 November 1982 (Charity Number 285834). The company was established under a memorandum of association, which established the objects and powers of the charitable company and is governed under its articles of association.

Recruitment and appointment of new trustees

Trustees can be appointed by the existing Trustees at any time throughout the year to fill a vacancy or by way of an addition to the board provided that the prescribed maximum (12) is not thereby exceeded. The appointment shall be retained until the next Annual General Meeting (AGM) when they will be eligible for official election. Trustees delegate responsibility for the day-to-day management and running of the charity to the Chief Executive Officer (CEO) and the Senior Management Team (SMT). Trustees review major strategic, business and operational risks which the charity may face and ensure the required regular reporting procedures are in place enabling any risks can be identified and minimised. Throughout the year Trustees are given the opportunity to attend relevant training courses, including Governance and Safeguarding.

Details of transactions with related parties are listed in the financial statements.

Trustees take their governance role very seriously in step with the Charity Commission's guidelines. Trustees meet on a bi-monthly basis providing specialist information and operational support, in line with their skills and expertise.

The charity is led by an executive team which consists of Anna Herbert, CEO, Sam Gilbert, Service Manager and Neil Sharpe, Operations Manager.

Organisational Review

Throughout the past twelve months we have seen increasing challenges with the Local Authority funding cuts leading to a reduction of income on the contracts we deliver. This has resulted in increased pressure on OPENhouse to provide a consistently high quality service with reduced income.

Nationally there are an increasing number of organisations merging, leaving the sector or going out of business. As a result there is a risk to the continuity of quality support which service users depend on. The main challenges facing local authorities and service providers includes, reduced funding from central government, an ageing population with more complex needs, increasing demand for services especially, mental health, addiction and complex needs, escalating medication costs, recruiting quality staff with the right skills and expertise. All these challenges are placing considerable pressure on the local authority, the NHS and social care finances. During the pandemic there was an increased need to refer residents for specialist mental health support. This community support is suffering from staffing shortages and reduced funding which in turn increases the pressure on in-house support provision.

Alongside this changing climate OPENhouse has worked hard to consolidate its working practices and ensure sustainability. This has involved a rigorous organisational review of all our services to ensure we are able to continue to fulfil our aims and objectives whilst still presenting an appealing, cost-effective resource that enables commissioners to meet their community based objectives. This is becoming more difficult as support hours are reduced; reduced individual support packages and an increasing number of clients with more complex needs referred into our services.

Risk Strategy

The charity's most significant financial risk is protecting present and future sources of income and its resources, followed closely by control of the processes for paying the organisation's liabilities.

As the current cohort of residents has changed to a more chaotic entrenched client base we are at an elevated risk of increased debtors. Procedures and processes have been amended to include tighter screening and should assist to mitigate risk.

Page 5

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

REPORT OF THE TRUSTEES

for the Year Ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Reduced staff numbers means consequently fewer individuals hold more knowledge. To reduce operational risk, outsourcing key operational functions such as accounts, IT and HR reduces the risk of interruption to service delivery should key staff members leave the organisation.

As expenditure on capital assets will be required to maintain the listed buildings, it is important to invest surplus funds into maintaining our old building by completing remedial work to avoid high structural costs in the future. A pay review will also need to be conducted at the start of the next financial year in order to retain key staff. This was delayed due to the pandemic.

Administration and staff

The SMT meet once a week to plan, make decisions and review performance across all charitable activities. All key management and strategic decisions are reported to the Board of Trustees in report form bimonthly.

Karen Brown Service Manager resigned in May 2021 and Sam Gilbert was subsequently recruited to the role.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 01429772 (England and Wales)

Registered Charity number 285834

Registered office Painswick Inn Gloucester Street Stroud Gloucestershire GL5 1QG Trustees R Brinton D Leah (resigned 30.6.20) N J Severs A J Warner Independent Examiner Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH Solicitors Winterbotham Smith Penley 3-7 Rowcroft Stroud Gloucestershire GL5 3BJ Chief Executive Officer Anne Herbert - appointed 01/07/2019 Approved by order of the board of trustees on ............................................. and signed on its behalf by: Nov 11, 2021

.............................................................................. R Brinton - Trustee

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHIRE TRAINING WORKSHOPS LIMITED

Independent examiner's report to the trustees of Shire Training Workshops Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

mwbrindley

mwbrindley (Nov 11, 2021 13:47 GMT)

Maurice Brindley BSc FCA Institute of Chartered Accountants in England and Wales Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH

Nov 11, 2021 Date: .............................................

Page 7

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 March 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Housing and support
Enhanced support
Investment income
3
Other income
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Housing and support
Enhanced support
Central and support costs
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
18
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
6,040
134,836
203,696
66,414
26,563
437,549
-
98,214
167,142
132,129
397,485
40,064
(605)
39,459
1,544,969
1,584,428		 Restricted
funds
£
7,500
-
-
-
-
7,500
-
7,767
491
180
8,438
(938)
605
(333)
11,809
11,476		 31.3.21
Total
funds
£
13,540
134,836
203,696
66,414
26,563
445,049
-
105,981
167,633
132,309
405,923
39,126
-
39,126
1,556,778
1,595,904		 31.3.20
Total
funds
£
45,719
268,732
165,175
77,207
-
556,833
12
213,985
167,248
194,664
575,909
(19,076)
-
(19,076)
1,575,854
1,556,778

The notes form part of these financial statements

Page 8

SHIRE TRAINING WORKSHOPS LIMITED (REGISTERED NUMBER: 01429772) TRADING AS OPENHOUSE

BALANCE SHEET

31 March 2021

Notes
FIXED ASSETS
Tangible assets
12
Investment property
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
16
NET ASSETS
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
1,025,000
500,000
1,525,000
70,513
200,749
271,262
(43,282)
227,980
1,752,980
(168,552)
1,584,428		 Restricted
funds
£
-
-
-
-
11,476
11,476
-
11,476
11,476
-
11,476		 31.3.21
Total
funds
£
1,025,000
500,000
1,525,000
70,513
212,225
282,738
(43,282)
239,456
1,764,456
(168,552)
1,595,904
1,584,428
11,476
1,595,904		 31.3.20
Total
funds
£
1,028,653
500,000
1,528,653
28,361
410,049
438,410
(71,526)
366,884
1,895,537
(338,759)
1,556,778
1,544,969
11,809
1,556,778

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on .............................................Nov 11, 2021 and were signed on its behalf by:

............................................. R Brinton - Trustee

The notes form part of these financial statements

Page 9

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

CASH FLOW STATEMENT

for the Year Ended 31 March 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Sale of tangible fixed assets
Net cash provided by investing activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of the
reporting period		 31.3.21
£
(883)
(9,861)
(10,744)
-
-
(187,080)
(187,080)
(197,824)
410,049
212,225		 31.3.20
£
52,967
(13,523)
39,444
330,001
330,001
(23,791)
(23,791)
345,654
64,395
410,049

The notes form part of these financial statements

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SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 March 2021

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Loss on disposal of fixed assets
Interest paid
(Increase)/decrease in debtors
Decrease in creditors
Net cash (used in)/provided by operations		 31.3.21
£
39,126
3,653
-
9,861
(42,152)
(11,371)
(883)		 31.3.20
£
(19,076)
7,699
48,359
13,523
12,047
(9,585)
52,967
  1. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.20 Cash flow At 31.3.21
£ £ £
Net cash
Cash at bank and in hand 410,049 (197,824) 212,225
410,049 (197,824) 212,225
Debt
Debts falling due within 1 year (35,726) 16,873 (18,853)
Debts falling due after 1 year (338,759) 170,207 (168,552)
(374,485) 187,080 (187,405)
Total 35,564 (10,744) 24,820

The notes form part of these financial statements

Page 11

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements and assessment of going concern

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

The financial statements are presented in sterling (£).

Critical accounting judgements and key sources of estimation uncertainty

In preparing financial statements it is necessary to make certain judgements, estimated and assumptions that affect the amounts recognised in the financial statements. The following judgements and estimates are considered by the trustees to have most significant effect on amounts recognised in the financial statements.

Useful economic life of tangible fixed assets:

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - at varying rates on cost

No depreciation is charged in respect of freehold land and buildings as the residual value of the property after its estimated useful life is anticipated to be at least the carrying value of the property show in the financial statements.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.

Creditors

Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

continued...

Page 12

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Significant estimates and judgments

Preparation of the financial statements requires management to make significant judgments and estimates. The items in the financial statements where these judgments and estimates have been made include:

Useful economic lives of tangible assets

the annual depreciation charge of the tangible assets are sensitive to changes in the estimates useful economic lives and residual value of the assets. The useful economic lives and residual values are amended when necessary to reflect current estimates, economic utilisation and the physical condition of the assets. See the Tangible Fixed Asset note for the carrying amount of the assets

Impairment of debtors

The charity makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the aging profile of debtors and historical experience. See the Debtors note for the carrying value of debtors after the associated impairment.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially settled at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
31.3.21 31.3.20
£ £
Donations 5,211 4,380
Grants 8,329 41,000
Recovered Expenses - 339
13,540 45,719
Grants received, included in the above, are as follows:
31.3.21 31.3.20
£ £
CIG 5,000 5,000
Land Aid - 36,000
Workforce Capacity Funding 3,329 -
8,329 41,000

continued...

Page 13

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021

3. INVESTMENT INCOME

Rents received
INCOME FROM CHARITABLE ACTIVITIES
Activity
Supporting People
Housing and support
Residents Rents & Charges
Housing and support
Crash Pads
Housing and support
Supporting People
Enhanced support
Residents Rents & Charges
Enhanced support
Enhanced Support
Enhanced support
RAISING FUNDS
Raising donations and legacies
Fundraising Costs
CHARITABLE ACTIVITIES COSTS
Housing and support
Enhanced support
Central and support costs
SUPPORT COSTS
Housing and support
Enhanced support
Central and support costs		 31.3.21
£
66,414
31.3.21
£
21,603
113,233
-
24,345
91,986
87,365
338,532
31.3.21
£
-
Support
Direct
costs (see
Costs
note 7)
£
£
105,151
830
167,631
2
102,062
30,247
374,844
31,079
Governance
Finance
costs
£
£
-
830
-
2
379
29,868
379
30,700		 31.3.20
£
77,207
31.3.20
£
124,279
140,493
3,960
-
53,803
111,372		 31.3.20
£
77,207
31.3.20
£
124,279
140,493
3,960
-
53,803
111,372
433,907
31.3.20
£
12
Totals
£
105,981
167,633
132,309
405,923
Totals
£
830
2
30,247
31,079

4.

5. RAISING FUNDS Raising donations and legacies

6. CHARITABLE ACTIVITIES COSTS

7. SUPPORT COSTS

continued...

Page 14

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.21 31.3.20
£ £
Depreciation - owned assets 3,653 7,698
Deficit on disposal of fixed assets - 48,359
Independent Examination 3,864 3,804

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Key management personnel

The remuneration for the key management personnel amounted to £74,500 (2020: £79,201). The key management personnel in comprised of the CEO, Service Delivery Manager and Operations Manager.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Housing
Administration		 31.3.21
£
243,950
9,672
5,506
259,128
31.3.21
7
5
12		 31.3.20
£
256,957
13,390
8,978
279,325
31.3.20
7
5
12

No employees received emoluments in excess of £60,000.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Housing and support
Enhanced support
Investment income
Total
EXPENDITURE ON
Raising funds		 Unrestricted
funds
£
4,719
268,732
165,175
77,207
515,833
12		 Restricted
funds
£
41,000
-
-
-
41,000
-		 Total
funds
£
45,719
268,732
165,175
77,207
556,833
12

Page 15

continued...

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Charitable activities
Housing and support
Enhanced support
Central and support costs
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
12.
TANGIBLE FIXED ASSETS
COST
At 1 April 2020 and 31 March 2021
DEPRECIATION
At 1 April 2020
Charge for year
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020
13.
INVESTMENT PROPERTY
FAIR VALUE
At 1 April 2020
and 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020		 Freehold
property
£
1,025,000
-
-
-
1,025,000
1,025,000		 Unrestricted
funds
£
154,973
167,248
194,664
516,897
(1,064)
1,546,033
1,544,969
Plant and
machinery
£
23,590
23,590
-
23,590
-
-		 Restricted
funds
£
59,012
-
-
59,012
(18,012)
29,821
11,809
Fixtures
and
fittings
£
97,704
94,051
3,653
97,704
-
3,653		 Total
funds
£
213,985
167,248
194,664
575,909
(19,076)
1,575,854
1,556,778
Totals
£
1,146,294
117,641
3,653
121,294
1,025,000
1,028,653
£
500,000
500,000
500,000

The property was valued by an independent valuer as at 23 May 2018 For the purposes of the financial statements, the directors took advice from an independent firm of Surveyors an asset values as at 31st March 2018. The numbers reported and the revaluations reflect the discussions with and the opinion of the Surveyor, as permitted by FRS 102.

Page 16

continued...

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021

14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Accruals
Prepayments
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 17)
Trade creditors
Social security and other taxes
Other creditors
Deposits Held
Accrued expenses
16.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Other loans (see note 17)
17.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
Amounts falling between one and two years:
Other loans - 1-2 years
Amounts falling due between two and five years:
Other loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Other loans more 5yrs instal
The HSBC loan (Painswick Inn Bank Loan) was paid off during the year		 31.3.21
£
47,334
20,339
2,840
70,513
31.3.21
£
18,853
10,012
3,079
3,303
4,582
3,453
43,282
31.3.21
£
168,552
31.3.21
£
18,853
18,853
56,560
93,139		 31.3.20
£
17,140
8,775
2,446
28,361
31.3.20
£
35,726
8,996
2,985
8,907
4,729
10,183
71,526
31.3.20
£
338,759
31.3.20
£
35,726
35,726
107,178
195,855

The HSBC Loan (Delmots) is secured over the freehold property known as Delmot's Lot, 57a High Street, Stroud.

The total amount secured on the Delmot's Lot at the year end is £187,364 (2020: £201,303). The property value of £425,000 was valued by a professional valuer on 23 May 2018.

continued...

Page 17

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021

18. MOVEMENT IN FUNDS

At 1.4.20
£
Unrestricted funds
General fund
1,544,969
Restricted funds
Education
768
Football Foundation
328
SDC - Move on Boxes
549
Going the Extra Mile (GEM)
51
Action for Pre-Eclampsia
1,264
Activity Co-Ordinator
4,487
LandAid
4,362
Delmonts Flat Renovation
-
11,809
TOTAL FUNDS
1,556,778
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Activity Co-Ordinator
LandAid
Delmonts Flat Renovation
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Education
Football Foundation
SDC - Move on Boxes
Going the Extra Mile (GEM)
Action for Pre-Eclampsia
Activity Co-Ordinator
LandAid
TOTAL FUNDS		 Net
movement
in funds
£
40,064
-
-
-
-
-
4,029
(4,682)
(285)
(938)
39,126
Incoming
resources
£
437,549
5,000
-
2,500
7,500
445,049
At 1.4.19
£
1,546,033
768
328
549
51
1,264
4,626
22,235
29,821
1,575,854

continued...

Page 18

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Activity Co-Ordinator
LandAid
TOTAL FUNDS		 Incoming
resources
£
515,833
5,000
36,000
41,000
556,833		 Resources
Movement
expended
in funds
£
£
(516,897)
(1,064)
(5,139)
(139)
(53,873)
(17,873)
(59,012)
(18,012)
(575,909)
(19,076)		 Resources
Movement
expended
in funds
£
£
(516,897)
(1,064)
(5,139)
(139)
(53,873)
(17,873)
(59,012)
(18,012)
(575,909)
(19,076)
(18,012)
(19,076)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Education
Football Foundation
SDC - Move on Boxes
Going the Extra Mile (GEM)
Action for Pre-Eclampsia
Activity Co-Ordinator
LandAid
Delmonts Flat Renovation
TOTAL FUNDS		 At 1.4.19
£
1,546,033
768
328
549
51
1,264
4,626
22,235
-
29,821
1,575,854		 Net
movement
in funds
£
39,000
-
-
-
-
-
3,890
(22,555)
(285)
(18,950)
20,050		 Transfers
between
funds
£
(605)
-
-
-
-
-
-
320
285
605
-		 At
31.3.21
£
1,584,428
768
328
549
51
1,264
8,516
-
-
11,476
1,595,904

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
953,382
Restricted funds
Activity Co-Ordinator
10,000
LandAid
36,000
Delmonts Flat Renovation
2,500
48,500
TOTAL FUNDS
1,001,882		 Resources
Movement
expended
in funds
£
£
(914,382)
39,000
(6,110)
3,890
(58,555)
(22,555)
(2,785)
(285)
(67,450)
(18,950)
(981,832)
20,050		 Resources
Movement
expended
in funds
£
£
(914,382)
39,000
(6,110)
3,890
(58,555)
(22,555)
(2,785)
(285)
(67,450)
(18,950)
(981,832)
20,050
(18,950)
20,050

Football Foundation

These funds are to enable the OPENhouse football team to be able to participate in the FA Ability counts league.

continued...

Page 19

SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021

18. MOVEMENT IN FUNDS - continued

SDC - Move on Boxes

Funds in this category are restricted to provide basic starter kits for service users when they move to their own properties.

Prince's Trust

The purpose of this fund is to provide Maths and English lessons.

Going the Extra Mile (GEM)

The purpose of these funds is to purchase a garden shed and a selection of garden tools for Delmont's garden project.

GCC - Dame Kelly Holmes Trust

These funds are for the delivery of education, employment and engagement programmes for those Not in Education, Employment or Training (NEETS).

LandAid

The purpose of this fund is for the redevelopment and decoration of The Old Painswick Inn

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 20