**Company Number: 01980372 Charity Number: 293717** ## **GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)** **Report and Accounts** **For the year ended 30 September 2021** **GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)** ## **Company Information** ## **Company Number: 01980372** ## **Charity Number: 293717** ## **Registered Office** 36 Rickmansworth Road Watford Hertfordshire WD18 7HT ## **Directors** Richard Butler Christopher Brooks Dana Beale ## **Independent Examiners** Dickinsons Chartered Accountants Enterprise House Beeson’s Yard Bury Lane Rickmansworth Hertfordshire WD3 1DS ## **Bankers** The Co-operative Bank Plc PO Box 250 Delf House Skelmersdale WN8 6NT **GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)** ## **Report and Accounts** ## **for the year ended 30 September 2021** ## **INDEX** ## **Page Number** |1 to 4|Trustees’ (Directors’) Annual Report| |---|---| |5|Independent Examiner’s Report| |6|Statement of Financial Activities| |7|Balance Sheet| |8 to 13|Notes forming part of the Accounts| |**The following page**|**does not form part of the statutory accounts:**| 14 Detailed Income and Expenditure Account **GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)** **Trustees’ (Directors’) Annual Report** ## **for the year ended 30 September 2021** ## **Trustees’ Annual Report** The trustees submit their report together with the accounts for the year ended 30 September 2021. The accounts have been prepared in accordance with the Companies Act 2006, the Charities Act 2011, the memorandum and Articles of Association and 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). ## **Structure, governance and management** The charity is constituted as a company, limited by guarantee, does not have any share capital and it is governed by its Memorandum and Articles of Association. The trustees and management committee, their appointment, rotation and disqualification are carried out in accordance with the Memorandum and Articles of Association. Appropriate induction and training policies are in place for new trustees. The Trustees delegate the day to day operations to the Hostel manager and his team. The Hostel manager meets with the Trustees at least five times a year to discuss progress in relation to the objectives, monitor performance and agree future budgets, targets and priorities. The Hostel Manager has established management practices within the operations of the charity which have produced improvements and grown the services offered by G.R.O.W. to its residents, enhancing the reputation of G.R.O.W. within the local community and increasing public awareness. As with the previous year, this year has been primarily focussed on our reaction and management of the service through the COVID-19 Pandemic. Whilst in the previous year, our focus was on the initial challenges to the physical delivery of our services and financial management; this year has been on understanding the longer term impacts of COVID and building our longer term strategy to manage the ‘new-normal’. The reduction in capacity of our service (through removal of shared rooms) is now recognised as a permanent change; a reduction in bed spaces means the costs of providing the service has become greater as a per-head measurement. We have therefore sought to balance this with a strategy to increase capacity and reduce costs where possible. ## **Objectives and Activities** Group for the Rootless of Watford (G.R.O.W.) is a charitable organisation whose aims are to: 1. Relieve the hardship and distress of homeless men, aged 25 - 60, in Watford, by providing them with accommodation and support. 2. Provide specialised support in the challenges of overcoming dependencies and abuse of substances and other addiction. 3. Help the residents to attain a more stable way of life, with the support of other agencies, to help re-settle them in independent accommodation. 4. Assist these residents and give advice in finding suitable employment in the community. 5. Continue to assist and support the residents once they have left G.R.O.W, with emotional and practical help, to enable them to become settled and responsible members of the community. 6. Use our resources in a responsible manner at all times for the benefit of our residents and staff. The Hostel strives to be as accessible as possible to people from different cultures and backgrounds and welcoming to users from all ethnic communities, beliefs and cultures. GROW provides these objectives using the main hostel where all the services are based and two nearby satellite houses. In shaping our objectives for the year and planning our activities, the trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit and have complied with section 4 of the Charities Act 2011. - 1 - **GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)** **Trustees’ (Directors’) Annual Report** ## **for the year ended 30 September 2021** ## **Risk Assessment** In order to comply with the Statement of Recommended Practice for Charity Accounts (FRS 102) a review of the major risks to which the charity is exposed and the systems that have to be established to mitigate those risks has been carried out. The review considered external factors and procedures have been put in place to rectify those areas of potential vulnerability. These are monitored on an ongoing basis. ## **Achievements and Performance** Due to the pandemic, our catering arrangements were reviewed, and a significant reduction of food costs were achieved through partnership with a local charity where donations now make up the majority of food supplies. In the previous years report we set 4 main objectives, these were: 1. Our brand, reputation and profile. We want to enhance our reputation as a caring environment where clients can receive the support they need to achieve independent living. To achieve this, we are diversifying our service to include; tenancy retention courses; life skills such as cooking and healthy eating; assistance in finding voluntary work and guidance in managing the transition to self-sustainment. We hope that the relaxing of lockdown restrictions will enable us to engage with more external bodies. Our ability to achieve this objective was greatly hampered through the ongoing pandemic; it was not possible to hold many courses and outreach and voluntary work for clients was also restricted; however, this objective will be brought forward to the next year. 2. Increasing our access to accommodation. Where in the past we have looked to purchase property to address the issue that accommodation for our clients who are ready to move on is in short supply or not affordable, we are devising projects to use our resources to secure access to accommodation and provide our clients with a realistic proposition that independent living is achievable. We have explored two options on this matter. Discussions with a developer to secure a 6-bed HMO progressed to an advanced stage, however, it was not possible to take this matter to fruition due to high costs sought by the developer that made the option unviable. The process did provide very good lessons for us in how potential deals could be structured should we be able to find the right property owner. Another option perused was to purchase another property, however, this was also unsuccessful due to the lending restrictions of our mortgage provider; again positive lessons were learnt on this journey. We remain positive in our approach to increase capacity for our service and have some new avenues to explore moving forward. 3. We will develop closer working strategies with the Local Authority and partner organisations, as we understand Watford Borough Council is seeking to hold closer control of referrals and management of pathways for residents. This has been the most difficult objective to pursue. At the beginning of the year the County Council notified us of their intention to end their funding contract with us. This would remove a sizeable, although not overly significant proportion of our revenue. Through further discussions with this organisation we were able to secure this funding for another year. However, it alerted us to the need to plan for such an eventuality should said funding be removed in the future, and we have been able to satisfy ourselves that should it happen we would be able to continue our service uninterrupted if we can increase capacity by 4 more beds spaces (hence a focus on objective 2 moving forward). Another area of discussion has been with Watford Borough Council and their intention to introduce a ‘Single Homeless Pathway’; whereby they effectively process and allocate all referrals to each service provider, removing our ability to receive referrals directly. We continue to work with the Council on this change and remain confident that with the right collaboration this will be a positive change for our service. - 2 - **GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)** **Trustees’ (Directors’) Annual Report** ## **for the year ended 30 September 2021** 4. Seek to identify new potential trustees who could stand for election in order to reduce the risk of meetings being nonquorate and enable the board to increase its skill base. This item remains a key objective. ## **Future Developments and Strategies** Moving forward we will continue our work on the 4 objectives listed above, noting the learning we have encountered over the past year. ## **Financial Review** The statement of Financial Activities for the year is set out on page six of the accounts. The income for the year amounted to £394,924 (2020: £385,035). Expenditure for the year amounted to £396,102 (2020: £408,894). The drop in expenditure is attributable to a decrease in repairs and maintenance and canteen costs at the properties occupied. This is contrasted by the increase in rent expenses resulting from a new lease currently in negotiations, which will be at a higher annual cost. All other expenses have remained relatively consistent with the prior year. The Charity received restricted funds in the year of £1,400 (2020: £42,050). ## **Statement of Trustees’ Responsibilities** The trustees, who are also the directors of Group for the Rootless of Watford (G.R.O.W.) for the purpose of company law, are responsible for preparing the Trustees’ Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees, to prepare accounts for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these accounts the trustees are required to: - Select suitable accounting policies and then apply them consistently; - Observe the methods and principles in the Charities SORP; - Make judgements and estimates that are reasonable and prudent; - Prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the company and to enable them to ensure the accounts have been properly prepared in accordance with the provisions of the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Remuneration Policy** The Hostel needs to recruit and retain staff with a wide range of skills. As a relatively small organisation working in a specialist field, it needs to be led by staff who have specialist knowledge in the relevant fields combined with organisational and business expertise. The same benefits, including pensions apply to all staff. The charity does not apply any performance related pay and does not have a bonus scheme. - 3 - GROUP FOR THE ROOTLESS OF WATFORD {G.R.O.W.) Trust￿, (Directors,) Annual Report for the year ended 30 September 2021 IRgal and Admln15tratlve lllformatloll The company is limtted by gu2rAThtee and h&s no slwe capital. N**Incoming Resources**
Generated funds
**4**
Charitable activities
**5**
Other income
**6**
**Total Incoming Resources**
**Resources Expended**
Cost of charitable activities
**7**
Other resources expended
**8**
**Total Resources Expended**
**Net Movements in Funds**
**Reconciliation of Funds**
Total Funds at 1 October 2020
Net Movement in Funds
**Total Funds at 30 September 2021**|**Unrestricted**
**Funds**
**£**
17,373
344,764
31,387
393,524
390,824
4,760
395,584
(2,060)
388,023
(2,060)
385,963|**Restricted**
**Funds**
**£**
-
1,400
-
1,400
518
-
518
882
7,850
882
8,732|**2021**
**Total Funds**
**£**
17,373
346,164
31,387
394,924
391,342
4,760
396,102
(1,178)
395,873
(1,178)
394,695|**Unrestricted**
**Funds**
**£**
18,823
298,695
25,467
342,985
361,035
6,925
367,960
(24,975)
412,998
(24,975)
388,023|**Restricted**
**Funds**
**£**
-
2,050
40,000
42,050
40,934
-
40,934
1,116
6,734
1,116
7,850|**2020**
**Total Funds**
**£**
18,823
300,745
65,467| |---|---|---|---|---|---|---| |||||||385,035| |||||||401,969
6,925| |||||||408,894| |||||||(23,859)| |||||||419,732
(23,859)| |||||||395,873| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure is derived from continuing activities. _The notes on pages 8 to 13 form part of these accounts_ - 6 - GROUP FOR THE ROOTLESS OF WATFORD (GJLO.W.) Compally 14umber: 01980372 Balance Sheet Charlty Number: 293717 as YÉ 30 September 2021 Notes 2021 2020 Fixed Asset¥ Tangible Assets 12 304,993 304.917 C￿rrent Assets Debtoi Cash #t bank and ID hand 13 35.185 175,121 14,081 238,025 210,306 252,106 Credltors: Amounts fallin8 dllc withiti one yeor Net eurrent assets 149.429 166,808 Tothl assets less currellt liabilities 454,422 471,725 Credltors: Amoullts lalling after more tlwi one ycar 15 (59,727) (15,852) 394 695 395 873 Re5erY Unrestrletcd Ineome Funds: Unrestrirted Fuiids Designated Fllllds 18 18 335.963 50.000 338,023 385.963 388.023 Restricted Income Fmllds.. Restricted full(ts 18 8,732 7,850 Totsl funds 394,695 395 873 The comp9w is entktled to ex¢llLPtion froJD audit under S¢¢tion 477 of th¢ Companies Act 2006 for the year ended 30 Septemb&. 2021. The Int￿berS have not required the CO￿panY to obiain an audit of its fjnallcial statements for the year ended 30 September 2021 in gccordallce with Section476 ofthe Colltpanie8 Ad 2006. The directors #¢kllowl¢dge dieir responsibilities for. (a) ensurill8 that ihe company keeps accouniing ff¢ords which ¢Oll)ply witb Section5 386 ￿}d 387 of the Coinpanies Act 2006 and (b) Prcp￿.Itig fillan¢iol stsÉements whicb give a tw¢ and fair view of the state of affair5 of the ¢¢)mp&ny as at the end of each f￿￿￿claI year and of its siirpliis ord¢ficit lor each fillgncial year in accordance with thc requirements of SectÉons 394 ond 395 and which othenvis¢ wmply with the requIre￿¢llts of the Comps)nies Act 2006 relating to fmallcial statetnen(s, so far as app]icabl¢ ta the eornpany. The fwancial statements have been pr¢pared in accordance with the provisions of Part 15 of the Compallieg Act 2006 r¢lating to sinall compallies. Thesc acqoun15 were approved by th¢ board on .......... Christopher Brooks- Trustee and Dirc¢toi' The notes onpag89 8 to J3foritriporl ofihe&e acctsunls. **GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)** ## **Notes forming part of the Accounts** ## **for the year ended 30 September 2021** ## **1 Principal Accounting Policies** ## _**Company Information**_ Group for the Rootless of Watford is a private company limited by guarantee incorporated in England and Wales. The registered office is at 36 Rickmansworth Road, Watford, Hertfordshire, WD18 7HT. ## _**Accounting Convention**_ The accounts have been prepared under the historical cost convention, the Statement of Recommended Practice accounting and Reporting by Charities in accordance with; the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011. The accounts include the results of the charity’s operations which are described in the Trustees’ Annual Report. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound. ## _**Going Concern**_ Having considered the current and anticipated economic impact of Coronavirus on the charity’s operations, the Trustees have adopted the going concern basis of accounting in preparing the financial statements; the Trustees are satisfied the charity as sufficient reserves and access to the financial support necessary to meet working capital requirements and enable the charity to remain in operational existence for the foreseeable future. ## _**Incoming Resources**_ Total incoming resources, as shown in the Statement of Financial Activities, are the turnover of the charity and comprise the value of fees, grants and donations receivable in the ordinary course of activities, together with grants receivable in the year. Housing benefits are claimed on behalf of the hostel residents. Other incoming resources include bank interest received. ## _**Resources Expended**_ Expenditure is accounted for on an accruals basis, recognised when a liability is incurred, and classified under headings that aggregate all costs related to the category. When costs cannot be directly attributed to a heading, they have been allocated to activities on a basis consistent with the use of resources. ## _**Basic Financial Assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction cost and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic Financial Liabilities**_ Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. ## _**Depreciation**_ Tangible assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write down the cost, less estimated residual value, of all tangible fixed assets over their expected useful lives as follows: Freehold property - not depreciated Freehold improvements - not depreciated Leasehold improvements - over the lease term Fixtures, fittings and equipment - 3 years straight line The freehold property is not depreciated, representing a departure from the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) and Companies Act 2006 which require all tangible assets to be depreciated. The freehold property is not depreciated on the grounds that the residual value is considered to be equal to or higher than the cost and depreciation would be wholly immaterial. Annual impairment reviews are carried out to substantiate the value held in the accounts. - 8 - **GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)** ## **Notes forming part of the Accounts** ## **for the year ended 30 September 2021** ## **1 Principal Accounting Policies (continued)** ## _**Leases**_ Rental costs under operating leases and the payments made under them are charged to the Statement of Financial Activities on a straight-line basis over the lease term. ## _**Employee benefits**_ Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## _**Pensions**_ A defined benefits pension scheme is operated by Hertfordshire County Council and The Pension People on behalf of the employees of the charity. The assets of the schemes are held separately from those of the company in independently administered funds. Contributions are charged to the statement of financial activities as they fall due. The Hertfordshire County Council pension scheme is currently in a surplus position however due to a number of uncertainties regarding the future recoverability of the asset, it has not been recognised as such in these accounts. Due to the surplus on the pension scheme, the charity is not required to make any future contributions. ## _**Unrestricted funds**_ Unrestricted funds are those which are unrestricted and are available for use at the discretion of the Trustees in the furtherance of the general objective of the charity and which have not been designated for other purposes. ## _**Designated funds**_ Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the accounts. ## _**Restricted funds**_ Restricted funds comprise designated funds that have been set aside by the donors for particular purposes. The aim and use of the restricted funds are set out in the Trustees’ Report. ## _**Government Grants**_ Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability. ## **2 Employees** The total average number of employees during the reporting period amounted to 8 (2020: 9). ## **3 Turnover** The income and operating surplus for the year was derived from the company’s principal activity and arises solely in the United Kingdom. ## **4 Incoming resources from generated funds** ||**Unrestricted**|**Restricted**|**Total**|**Total**| |---|---|---|---|---| ||**Funds**|**Funds**|**2021**|**2020**| ||**£**|**£**|**£**|**£**| |Resident contribution|17,373|-|17,373|18,823| - 9 - **GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)** ## **Notes forming part of the Accounts** ## **for the year ended 30 September 2021** ## **5 Income from charitable activities** |**5**
**Income from charitable activities**|||||| |---|---|---|---|---|---| |Housing benefit
Supporting people
Donations received
Maitland trust
**6**
**Other incoming resources**
Bank interest received
Government grants
**7**
**Expenditure on charitable activities**
Food and housekeeping
Light and heat
Insurance
Repairs and maintenance
Staff costs and pensions**9**
Rent and rates
Telephone charges
Computer costs
Travel and motor expenses
Legal and professional fees
Doubtful debt provision
Maitland trust expenses
Other expenses
Bookkeeping fees
Accountancy charges
**8**
**Other resources expensed**
Bank charges
Loan interest
Other interest|**Unrestricted**
**Funds**
**£**
270,122
73,562
1,080
-
344,764
**Unrestricted**
**Funds**
**£**
49
31,338
31,387
**Unrestricted**
**Funds**
**£**
6,725
10,800
4,525
14,145
272,359
50,562
3,468
1,068
369
2,252
5,563
-
7,385
7,833
3,770
390,824
**Unrestricted**
**Funds**
**£**
41
4,343
376
4,760|**Restricted**
**Funds**
**£**
-
-
-
1,400
1,400
**Restricted**
**Funds**
**£**
-
-
-
**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
518
-
-
-
518
**Restricted**
**Funds**
**£**
-
-
-
-|**Total**
**2021**
**£**
270,122
73,562
1,080
1,400
346,164
**Total**
**2021**
**£**
49
31,338
31,387
**Total**
**2021**
**£**
6,725
10,800
4,525
14,145
272,359
50,562
3,468
1,068
369
2,252
5,563
518
7,385
7,833
3,770
391,342
**Total**
**2021**
**£**
41
4,343
376
4,760||**Total**
**2020**
**£**
197,755
73,562
27,378
2,050| ||||||300,745| ||||||**Total**
**2020**
**£**
646
64,821| ||||||65,467| ||||||**Total**
**2020**
**£**
14,436
14,461
4,461
35,330
262,851
38,791
2,827
620
675
7,934
-
934
7,292
7,787
3,570| ||||||401,969| ||||||**Total**
**2020**
**£**
-
6,562
363| ||||||6,925| - 10 - ## **GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)** ## **Notes forming part of the Accounts** ## **for the year ended 30 September 2021** ## **9 Staff costs and pension** |Wages and salaries
Pension costs
Social security costs
Staff training
Staff team event|**Unrestricted**
**Funds**
**£**
248,583
3,137
20,639
-
-
272,359|**Restricted**
**Funds**
**£**
-
-
-
-
-
-|**Total**
**2021**
**£**
248,583
3,137
20,639
-
-
272,359|**Total**
**2020**
**£**
239,035
2,828
20,050
500
438| |---|---|---|---|---| |||||262,851| No employee received emoluments of more than £60,000. The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows: |Administrators
Support Workers, Project Workers and Treatment Leaders|**2021**
**Number**
2
6
8|**2020**
**Number**
2
7| |---|---|---| |||9| ## **10 Tax on surplus on ordinary activities** The company is a registered charity and is not liable to corporation tax. ## **11 Trustees** None of the trustees (or any persons connected with them) received any remuneration during the year or incurred any expenses. There have been no related party transactions in the year. ## **12 Tangible Assets** |**Cost**
At 1 October 2020
Additions in the year
At 30 September 2021
**Depreciation**
At 1 October 2020
Charge for the year
At 30 September 2021
**Net book value**
At 30 September 2021
At 30 September 2020|**Fixtures,**
**Freehold**
**Freehold**
**Leasehold**
**Fittings and**
**Property**
**Improvements**
**Improvements**
**Equipment**
**Total**
**£**
**£**
**£**
**£**
**£**
290,290
7,540
79,002
48,757
425,589
-
-
-
4,889
4,889| |---|---| ||290,290
7,540
79,002
53,646
430,478| ||-
-
79,002
41,670
120,672
-
-
-
4,813
4,813| ||-
-
79,002
46,483
125,485| ||| ||290,290
7,540
-
7,163
304,993| ||| ||290,290
7,540
-
7,087
304,917| - 11 - ## **GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)** ## **Notes forming part of the Accounts** ## **for the year ended 30 September 2021** |**13**
**Debtors**
Prepayments
Accrued income
Other debtors
Trade debtors
**14**
**Creditors: Amounts falling due within one year**
Trade Creditors
Bank loan instalments (secured)**16**
Other taxes and social security
Accruals and deferred income
Provisions
Other creditors
**15**
**Creditors: Amounts falling due after more than one year**
Bank loan instalments (secured)**16**
**16**
**Bank Loan**
Secured loan repayable by monthly instalments ending March 2026.
Amount falling due within one year
Amount falling due after more than one year
Amount not wholly repayable within five years||**2021**
**£**
7,974
2,995
500
23,716
35,185
**2021**
**£**
4,858
15,765
6,501
26,903
6,850
-
60,877
**2021**
**£**
59,727
**2021**
**£**
15,765
59,727
75,492
-||2020
£
4,603
1,253
604
7,621| |---|---|---|---|---| |||||14,081| |||||2020
£
10,179
14,198
45,819
5,732
6,850
2,520| |||||85,298| |||||2020
£
75,852| |||||2020
£
14,198
75,852| |||||90,050| |||||6,950| The bank loan is secured by way of a charge over freehold land and premises at 30 Princes Avenue, Watford, Hertfordshire, WD18 7RS. **17 Financial Commitments** At 30 September 2021, the company had no annual commitments. - 12 - ## **GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)** ## **Notes forming part of the Accounts** ## **for the year ended 30 September 2021** ## **18 Reserves** |**Balance at**
**1 October 2020**
£
Unrestricted funds
388,023
Restricted funds
7,850
395,873|**Movement**
**in the year**
**Balance at 30**
**September**
**2021**
£
£
(2,060)
385,963
882
8,732
(1,178)
394,695|**Movement**
**in the year**
**Balance at 30**
**September**
**2021**
£
£
(2,060)
385,963
882
8,732
(1,178)
394,695| |---|---|---| |||394,695| Designated funds amount to £50,000 as at 30 September 2021 (2020: £50,000). Unrestricted funds were £335,963 (2020: £338,023). The trustees have set aside designated funds as follows: - a) Dilapidations, £35,000, will be used to enable the charity to return the properties to the landlords if/when necessary - b) Ethical Closure, £15,000, will be used to assist in the transfer of residents to alternative accommodation if external events make the business model no longer viable. ## **19 Called Up Share Capital** The company has no share capital and is limited by guarantee. Under the provisions of the company’s Memorandum of Association, each member would be required to contribute a sum not exceeding £1 for the payment of the debts of the company in the event of deficiency of assets on a winding up of the company. ## **20 Control** The charity has been controlled throughout the year by the trustees. - 13 - ## **GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)** ## **Detailed Income and Expenditure Account** ## **for the year ended 30 September 2021** |**Incoming Resources**
**Incoming resources from generated funds**
Resident contribution
**Incoming resources from charitable activities**
Housing benefit
Supporting people
Grants & donations received
Maitland trust
**Other incoming resources**
Interest received
Government grants received – furlough income
**Total Incoming Resources**
**Resources Expended**
**Charitable Activities**
Wages and salaries
Social security costs
Pension costs
Staff training
Staff team event
Rent and rates
Insurance
Light and heat
Repairs and maintenance
Postage, printing and stationery
Telephone charges
Computer costs
Travelling costs
Legal and professional costs
Doubtful debt provision
Food and housekeeping costs
Donations
Sundry expenditure
Testing equipment
Maitland trust expenses
Resident support
Subscriptions
Depreciation of fixtures, fittings and equipment
Bookkeeping fees
Accountancy fees
**Other resources expended**
Bank charges
Mortgage interest
Interest on overdue taxation
**Total Resources Expended**
**Deficit for the year**|**2021**
**£**
17,373
270,122
73,562
1,080
1,400
346,164
49
31,338
394,924
248,583
20,639
3,137
-
-
50,562
4,525
10,800
14,145
1,054
3,468
1,068
369
2,252
5,563
6,725
500
22
195
518
-
801
4,813
7,833
3,770
391,342
41
4,343
376
4,760
396,102
(1,178)|**2020**
**£**
18,823| |---|---|---| |||197,755
73,562
67,378
2,050| |||340,745| |||646
24,821| |||385,035| |||239,035
20,050
2,828
500
438
38,791
4,461
14,461
35,330
1,110
2,828
620
675
7,934
-
14,436
-
109
-
934
430
898
4,744
7,787
3,570| |||401,969| |||-
6,562
363| |||6,925| |||| |||408,894| |||| |||(23,859)| This page does not form part of the statutory accounts - 14 -