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2023-09-30-accounts

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 2023

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 Brandon House First Floor 90 The Broadway Chesham Bucks HP5 1EG

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 2023

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 2023

Trustees’ Annual Report

The trustees submit their report together with the accounts for the year ended 30 September 2023.

The accounts have been prepared in accordance with the Companies Act 2006, the Charities Act 2011 amended for the Charities Act 2022, 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.

With the impacts of COVID-19 now well and truly in the past, and the outcome of decisions by third party bodies such as Hertfordshire County Council removing funding streams, a known entity, we have been able to focus on the implementation of our review of strategy and internal management of the charity.

Brixton Road, a new move on property, acquired through partnership with an investment party, has proved to be a successful initiative. We have increased capacity across the charity, with only minor changes to staffing levels required. This has enabled the recovery of revenue from lost funding from Hertfordshire County Council.

With the focus now firmly on the future of GROW, we have been able to spend time focusing on the experience and accommodation for our clients / residents. This has involved a review of the quality of décor within the properties we manage and a program of improvements has been initiated to bring the standards within all properties to the level in line with the new properties we have acquired. Similar, our strategy for delivering key working programs and individual sessions to clients has improved, assisted, in part, with the use of agency staff.

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 three nearby satellite houses.

GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)

Trustees’ (Directors’) Annual Report

for the year ended 30 September 2023

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 amended for the Charities Act 2022.

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

We maintain our 4 main objectives, these are:

  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 have established a positive working relationship with Watford Borough Council and the other services within Watford and the surrounding area. We continue to receive referrals from partnership agencies, but most importantly, we receive the majority of referrals as direct approaches from potential clients, demonstrating GROW is recognised as a preference for those that require our services. Unfortunately, we continue to hold a waiting list, however, we are seeking to increase capacity further to enable us to assist more people.

  1. 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 successfully taken a long-term lease with an additional Move-On property in Brixton Road, Watford, providing up to an additional 5-bed spaces. This has been achieved through partnership with a third party that has purchased the property on our behalf. We are looking to further develop this relationship in the near future.

  1. Developing 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.

Watford Borough Council have implemented the ‘Single Homeless Pathway’; whereby they seek 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. However, we also continue to receive direct referrals, and maintain a waiting list for our services.

  1. Seek to identify new potential trustees who could stand for election in order to reduce the risk of meetings being non- quorate and enable the board to increase its skill base.

This item remains a key objective.

GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)

Trustees’ (Directors’) Annual Report

for the year ended 30 September 2023

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. We are now well into the implementation state, monitoring effectiveness of our strategy and continually reviewing.

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 £458,202 (2022: £438,717). The charity has received a higher rate of housing benefit which has mitigated the withdrawal of funds from Supporting People.

Expenditure for the year amounted to £454,853 (2022: £408,465). The increase is mainly attributable to having a new property, Brixton Road, for an entire year together with associated property running costs such as heating. All other expenses have remained relatively consistent with the prior year.

The Charity received restricted funds in the year of £3,050 (2022: £1,400).

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:

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.

GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.) Trustees, IDirectors') Allnual Report ror the year ended 30 September 2023 Legal and Administrative Information Th¢ company is limited by guarantee and has no Share capital. None of the trustee5 have any beneficial intei'est in the company. The trustees arc the sole members of the coinpany and g￿arantee to conti'ibute £1 in the event of a windiiig lip. The company is a registered charity under the Charities Act 201 l amended foi. the Charities A¢t 2022 with registTaiion numbei. 293717. Reserves Policy The Trustees have established a policy to maintain reserve5 at a level that would enable the service io continue to operate should funding and other SOUTces of income be thiratened {¥ovemment fiinding or Iiousing benefit for example). 5t is also a strategy to chieve sufficient reserve5 to ensure clients can be rehoused should circumstances dictate the closure of one of Ihe houses, eithei. temporarily 01. permanently and finance a strategy of obtaining additioiial accomimodation supply on long-tei'm leases. The reserYe5 are considei'ed sufficient by the Trustees to cover the i'isk5 the chai'ity faces and ihe development the charity wishes to updertake given 115 strategic aim5 {rcput2tion and influence, quality of support offered and goveniancel. Unrestricted reserves at 30 September 2023 amounted to £417,18512022'. 415,267) and restricted reserves at 30 Septembei. 2023 amounted to £11,112 {2022'. £9.681 l. Th¢ trustees tonsidei. the5¢ Tesults to be satisfa¢tory and in lin¢ with their policy and expectations. Trustees The irustees. who are also the directors for the Pllrpose ofcompany law, and who 5erv¢d during the y¢ar were as follow5.. Richard Butler Chi'istopher Brook5 Dana Beale Exemption Statement The accounts have been prepared in accordance with ihe special provisions ft>r small companies under Part 15 of the Companies Act 2006. For the financial year ended 30 Septeinber 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 Irlating to small companies. By Order of the Board.. Christoph rooks- Trustee and Director Dpte.. ICJ

GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)

Independent Examiner’s Report to the Trustees

for the year ended 30 September 2023

Independent examiner’s report to the trustees of Group for the Rootless of Watford (G.R.O.W) Charitable Company (‘the Company’)

We report to the charity trustees on our examination of the accounts of the Company for the year ended 30 September 2023.

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 ourselves 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, we report in respect of our examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 amended for the Charities Act 2022 (‘the 2011 Act’). In carrying out our examination we have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. We confirm that we are qualified to undertake the examination because we are a member of the Institute of Chartered Accountants of England and Wales, which is one of the listed bodies.

We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us 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

3. 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

4. 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).

We 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.

Natalie Spalton

For and on behalf of Dickinsons, Independent Examiner

....18 June 2024 .............. Date

Brandon House First Floor 90 The Broadway Chesham Bucks HP5 1EG

GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)

Statement of Financial Activities

for the year ended 30 September 2023

Notes
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 2022
Net Movement in Funds
Total Funds at 30 September 2023		 Unrestricted
Funds
£
20,601
432,736
1,815
455,152
437,590
15,644
453,234
1,918
415,267
1,918
417,185		 Restricted
Funds
£
-
3,050
-
3,050
1,619
-
1,619
1,431
9,681
1,431
11,112		 2023
Total Funds
£
20,601
435,786
1,815
458,202
439,209
15,644
454,853
3,349
424,948
3,349
428,297		 Unrestricted
Funds
£
17,022
420,032
263
437,317
393,981
14,033
408,014
29,303
385,964
29,303
415,267		 Restricted
Funds
£
-
1,400
-
1,400
451
-
451
949
8,732
949
9,681		 2022
Total Funds
£
17,022
421,432
263
438,717
394,432
14,033
408,465
30,252
394,696
30,252
424,948

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

GROUP FOR THE ROOTLESS OF WATFORD {G.R.O.W.) Company Number: 01980372 Balance Sheet Charlty Number: 293717 s at 30 Septembei. 2023 Note5 2023 2022 Fixed Assets Tangible Assets 12 305,688 309.026 Current Assets Debtors Cash at bank and in hand 13 73.399 140.893 67,778 164,346 214,292 232,124 Creditors: Amounts falling due wiihin one year 14 64.462 73,424 Net eurrent assets 149,830 158.700 Total assets less cuyrent Ilabilities 455,518 467,726 Creditors: Amounts falling after mole than one year Is 127,221) 142,778) 428 297 424.948 Reserves Unrestrieted Income Funds: UnlEstricted Funds Designated Fuiid5 18 367,185 50,000 365,267 50,000 417,185 415,267 Restricted Income Funds: Restri¢led Funds 18 9.681 Total fund5 428,297 424,948 The company is entitled 10 exemption from audit under Se¢tion 477 of the Ctsinpanies A¢t 2006 for the year ¢nd¢d 30 S¢ptember 2023. Th¢ members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in a¢¢ordan¢¢ with S¢¢tion 476 of the Companies Act 2006. Th¢ dir¢ctor5 a¢kDowledge their responsibilities for.. {al ensuring that the company keeps accouniing records which comply with Sections 386 and 387 of the Companies Act 2006 and {bl preparing financial statement5 which give a true and fail. view of the State of affairs of the coinpany as at the end of each financial year and of its surplus or deficit foi. ¢ach financial y¢ar in a¢cordatkC¢ With the Tequirements of Sections 394 and 395 and which otheiwise coimply with the iEquiremeDts of tlie Companies Act 2006 relating to fmancial statements, 50 far as applicable to the Company. The financial statement5 have been prepaied in accoi'dance with the provisions of Part 15 of the Companies Act 2006 relating to small ¢omp&ni¢s, These accounts were approved by the board on Christopher s- Trustee and Director The nolets oJipnge.f l in J3foviii Pi71'1 ofihe.fe oecoiinl.g.

GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)

Notes forming part of the Accounts

for the year ended 30 September 2023

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 amended for the Charities Act 2022. 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

The trustees have adopted the going concern basis of accounting in preparing the financial statements; the Trustees are satisfied the charity has 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.

Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held with banks and other short term liquid investments with maturities of three months or less.

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 Leasehold improvements - over the lease term
Freehold improvements - not depreciated 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.

GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)

Notes forming part of the Accounts

for the year ended 30 September 2023

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 4 (2022: 7).

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

Resident contribution Unrestricted
Funds
£
20,601		 Restricted
Funds
£
-		 Total
Total
2023
2022
£
£
20,601
17,022

GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)

Notes forming part of the Accounts

for the year ended 30 September 2023

5 Income from charitable activities

Housing benefit
Supporting people
Donations received
Maitland trust
6
Other incoming resources
Bank interest received
7
Expenditure on charitable activities
Food and housekeeping
Light and heat
Insurance
Repairs and maintenance
Staff costs and pensions9
Rent and rates
Telephone charges
Computer costs
Travel and motor expenses
Legal and professional fees
Doubtful debts (recovered)/provision
Maitland trust expenses
Other expenses
8
Other resources expensed
Bookkeeping fees
Accountancy fees
Bank Charges
Loan interest
Other interest		 Unrestricted
Funds
£
421,448
5,789
5,499
-
432,736
Unrestricted
Funds
£
1,815
1,815
Unrestricted
Funds
£
5,895
28,657
5,258
32,718
246,800
90,716
3,078
2,343
458
7,314
5,758
-
8,595
437,590
Unrestricted
Funds
£
8,005
4,246
36
3,357
-
15,644		 Restricted
Funds
£
-
-
-
3,050
3,050
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
1,619
-
1,619
Restricted
Funds
£
-
-
-
-
-
-		 Total
2023
£
421,448
5,789
5,499
3,050
435,786
Total
2023
£
1,815
1,815
Total
2023
£
5,895
28,657
5,258
32,718
246,800
90,716
3,078
2,343
458
7,314
5,758
1,619
8,595
439,209
Total
2023
£
8,005
4,246
36
3,357
-
15,644		 Total
2022
£
339,806
79,564
662
1,400
421,432
Total
2022
£
263
263
Total
2022
£
6,462
12,573
4,783
33,153
249,597
59,923
3,236
560
769
15,163
(838)
451
8,600
394,432
Total
2022
£
7,521
4,060
61
2,391
-
14,033

GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)

Notes forming part of the Accounts

for the year ended 30 September 2023

9 Staff costs and pension

Wages and salaries
Pension costs
Social security costs
Staff training		 Unrestricted
Funds
£
224,871
2,311
19,618
-
246,800		 Restricted
Funds
£
-
-
-
-
-		 Total
2023
£
224,871
2,311
19,618
-
246,800		 Total
2022
£
227,100
2,888
19,135
474
249,597

The emoluments of one member of staff, including benefits in kind, are within the range of £80,000 to £89,999.

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		 2023
Number
2
2
4		 2022
Number
2
5
7

10 Tax on surplus on ordinary activities

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

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 2022
Additions in the year
At 30 September 2023
Depreciation
At 1 October 2022
Charge for the year
At 30 September 2023
Net book value
At 30 September 2023
At 30 September 2022		 Fixtures,
Freehold
Freehold
Leasehold
Fittings and
Property
Improvements
Improvements
Equipment
Total
£
£
£
£
£
290,290
7,540
79,002
62,485
439,317
-
-
-
2,517
2,517
290,290
7,540
79,002
65,002
441,834
-
-
79,002
51,289
130,291
-
-
-
5,855
5,855
-
-
79,002
57,144
136,146
290,290
7,540
-
7,858
305,688
290,290
7,540
-
11,196
309,026

GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)

Notes forming part of the Accounts

for the year ended 30 September 2023

13
Debtors
Prepayments
Accrued income
Rent deposit
Advances
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		 2023
£
5,566
7,942
20,500
10,001
3,173
26,217
73,399
2023
£
13,300
16,728
2,479
31,441
-
514
64,462
2023
£
27,221
2023
£
16,728
27,221
43,949
-		 2022
£
3,525
7,006
20,500
12,476
500
23,771
67,778
2022
£
4,149
16,907
774
44,215
6,850
529
73,424
2022
£
42,778
2022
£
16,907
42,778
59,685
-

The bank loan is secured by way of a charge over freehold land and premises at 30 Princes Avenue, Watford, Hertfordshire, WD18 7RS.

GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)

Notes forming part of the Accounts

for the year ended 30 September 2023

17 Financial Commitments

At 30 September 2023 the company had annual commitments under non-cancellable operating leases as follows:

Expiry date:
Within one year
Between two and five years		 Property
2023
2022
£
£

41,000
41,000
110,910
151,910
151,910
192,910		 Property
2023
2022
£
£

41,000
41,000
110,910
151,910
151,910
192,910
192,910

18 Reserves

Balance at Movement Balance at 30
1 October 2022 in the year September 2023
£ £ £
Unrestricted funds 415,267 1,918 417,185
Restricted funds 9,681 1,431 11,112
424,948 3,349 428,297

Designated funds amount to £50,000 as at 30 September 2023 (2022: £50,000). Unrestricted funds were £367,185 (2022: £365,267).

The trustees have set aside designated funds as follows:

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.

GROUP FOR THE ROOTLESS OF WATFORD (G.R.O.W.)

Detailed Income and Expenditure Account

for the year ended 30 September 2023

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
Total Incoming Resources
Resources Expended
Charitable Activities
Wages and salaries
Social security costs
Pension costs
Staff training
Advertising
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
Sundry expenditure
Maitland trust expenses
Entertainment
Subscriptions
Depreciation of fixtures, fittings and equipment
Other resources expended
Bookkeeping fees
Accountancy fees
Bank Charges
Mortgage interest
Total Resources Expended
Surplus for the year		 2023
£
20,601
421,448
5,789
5,499
3,050
435,786
1,815
458,202
224,871
19,618
2,311
-
1,052
90,716
5,258
28,657
32,718
429
3,078
2,343
458
7,314
5,758
5,895
18
1,619
88
1,153
5,855		 2022
£
17,022
339,806
79,564
662
1,400
421,432
263
438,717
227,100
19,135
2,888
474
514
59,923
4,783
12,573
33,153
1,538
3,236
560
769
15,163
(838)
6,462
52
451
622
1,069
4,805
439,209
8,005
4,246
36
3,357
15,644
454,853
3,349		 394,432
7,521
4,060
61
2,391
14,033
408,465
30,252

This page does not form part of the statutory accounts