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|Index to the financial|statements|statements||
|---|---|---|---|
||||Paries|
|Report ofthe trustees|||2-16|
|Company
information|||17|
|Report of the independent||auditor|18-20|
|Statement offinancial|activities||21-22|
|Statement
ofcash flows|||23 - 24|
|Balance sheet|||25|
|Notes to the financial|statements||26 - 34|
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|~|Rent"|||down f301,071|
|---|---|---|---|---|
|~|Donations|and|legacies|down f33,350|
|~|Grants|||down f77,488|
|~|Other trading||activities|down f847|
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|Principal
risk identified||||Steps taken to mitigate|Steps taken to mitigate|Steps taken to mitigate|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Contractual
service risks||—older||~|Contract meetings
with providers||||||||
|contracts
not meeting|the|needs||~||Review during
Management
Team meetings across||||all|service||
|of people
and/or
failing
to meet|||||support sectors||||||||
|latest
government
guidance|||for|~||Quarterly
review with Trustees
to ensure||that both the|||contract||
|support.||||||and the service delivery continues
to meet the aims||||of|||
|||||||Coventry
Cyrenians|||||||
|Lack
of
available|affordable|||~|Working
with new landlords||||||||
|suitable
accommodation|||to|~||Focussing
on best value offer from landlords
that offer|||||quality||
|support
presenting
need.||||||accommodation|||||||
|||||~||Approaching
new partners
including
developers
to|||expand||||
|||||||follow on accommodation
offers|||||||
|Safeguarding
issues|result
in a|||~||Safeguarding
included
in management|and board reporting||||||
|poor outcome
for a service user||||~||CEO responsible
for reporting
concerns||to authorities|||||
|and reputational
damage||for|the|~||Staff receive training|||||||
|charity.|||||||||||||
|Poor
quality
service
has|||an|~||Management
8, Board reporting
include||service quality|||and||
|adverse
impact
on|our|service||||complaints
data,|||||||
|users,
resulting
in a|reduction||in|~||Staff appraisals,
training
&organisational||reviews|||||
|positive outcomes.|||||||||||||
|The
safety
of
our|staff||and|~||Training
programme
backed by robust policies for all staff||||||and|
|volunteers.||||||volunteers|||||||
|||||~||Investment
in IT to support
the safety ofstaff visiting|||||||
|||||||accommodation|||||||
|Health
and safety of|our|service||~||Maintenance
manager
with responsibility||for Health||8|Safety||
|users
in our accommodation.||||||requirements|||||||
|||||~||Maintenance
issues reviewed as part of the Board|||of Trustees||||
|||||~||Management
Team oversees
Health
&||Safety|||||
|Adverse
impact
of|changes||in|Policies for Housing
Benefit and
Universal||||Credit monitored||||by the|
|central government
policy.||||management
team and any material
potential changes|||||notified|||to the|
|||||Board ofTrustees|||||||||
|The
success
of|the|charity||The||management
team
and
the
Board||of Trustees|||regularly||
|depends
on
strong||funder||communicate
with key stakeholders
to obtain feedback|||||on||the|quality|
|relationships
to
enable||us|to|of|our service and relationship||||||||
|secure
contracts|to|provide|||||||||||
|services.|||||||||||||
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|Company
information||||
|---|---|---|---|
|COMPANY REGISTRATION NUMBER|1098794|||
|CHARITY NUMBER|502421|||
|REGISTERED OFFICE|Oakwood
House|||
||Cheylesmore|||
||Coventry|||
||West Midlands|||
||CV1 2HL|||
|BANKERS|Lloyds Bank|||
||30 High Street|||
||Coventry|||
||CV1 5RE|||
|SOLICITORS|Band Hatton|Button||
||53-55 Butts|Road||
||Coventry|||
||CV1 3BH|||
||Keelys LLP|||
||28 Dam Street|||
||Lichfield|||
||WS13 6AAO|||
|AUDITORS/ADVISORS|Harrison
Beale 8 Owen Limited|||
||Highdown
House|||
||11 Highdown||Road|
||Leamington|Spa||
||Warwickshire|||
||CV31 1XT|||
||Sayer Vincent||LLP|
||Invicta House|||
||108-114Golden Lane|||
||London|||
||EC1YOTL|||
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||||Unrestricted|Designated|Restricted|||
|---|---|---|---|---|---|---|---|
||||funds|Funds|funds|2023|2022|
|||Notes|6|E|E|E|E|
|Income and endowments|from;|||||||
|Donations
and legacies|||57,625|||57,625|90,975|
|Charitable
acfivfflear
Grants
AccommodaUon
charges|||1,600,383||86,715|86,715
1,600,383|164,203
1,901,454|
|Other trading
acUvltles
Investments
Other|||21,453
110,207|||21,453
110,207|15,155
21,246
96,108|
|Total Income||3|1,789,668||86,715|1,876,383|2,289,139|
|Expenditure;||||||||
|Raising funds:
Fundralslng
Trading
acUvltles|||57,577|435||58,012|50,745
20,274|
|Charitable
activities:
Grants
AccommodaUon|||2,223
1,650,912|13,691|82,938|85,161
1,664,603|161,611
1,985,723|
|Total expenditure|||1,710,712|14,128|82,938|1,807,776|2,218,353|
|Net Income/(expenditure)|for the year||78,956|(14,126)|3,777|68,607|70,786|
|Transfers
between
funds||14|(397,711)|397,711||||
|ExcepUonal
items —onerous contract provision|||||||(51,716)|
|Net movement
In funds|||(318,755)|383,585|3,777|68,607|19,070|
|Tolal funds brought
forward|||611,764|1,943,502|25,963|2,581,229|2,562,159|
|Total funds carried forward||14|293,009|2,327,087|29,740|2,649,836|2,581,229|
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|||||Unrestricted|Designated|Restricted||
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|2022|
||||Notes|6|f|6|8|
|Income and endowments||from:||||||
|Donations
and Iegarfes||||90,975|||90,975|
|Charitable
actlvNssr||||||||
|Grants||||4,182||160,021|164,203|
|Accommodation
charges||||1,901,454|||1,901,454|
|Other trading
activities||||15,155|||15,155|
|Inveslmenls||||21,246|||21,246|
|Other||||96,106|||96,106|
|Total Income||||2,129,118||160,021|2,289,139|
|Expenditure:||||||||
|Raising funds:||||||||
|Fundralslng||||49,805|940||50,745|
|Trading aclivl6es||||20,117|157||20,274|
|Charitable
sctlvftars:||||||||
|Grants||||4,116||157,495|161,611|
|Accommodation||||1,963,166|22,557||1,985,723|
|Total expenditure||||2,037,204|23,654|157,495|2,218,353|
|Net income/(expenditure)||for the year||91,914|(23,654)|2,526|70,786|
|Transfers
between|funds|||198,564|(198,564)|||
|Exceptional
Items —onerous||contract prov)alon||(51,716)|||(51,715)|
|Net movement
In funds||||238,762|(222,218)|2,526|19,070|
|Total funds brought|forward|||373,002|2,165,720|23,437|2,562,159|
|Total funds carried forward|||14|611,764|1,943,502|25,963|2,581,229|
##
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||Notes|||2023f|2022f|
|---|---|---|---|---|---|
|Cash flows from operating||||||
|activities:||||||
|Net cash provided
by operating||||77,203|156,220|
|acgvities||||||
|Cash flows from investing||||||
|activities:
Purchase ofproperty,
plant and|||||(19,200)|
|equipment||||||
|Proceeds from sale of property,||||||
|plant and equlpmsnt
Rani received from properties||||21,453|21,246|
|Net cash provided
by investing||||21,453|2,046|
|activities||||||
|Cash flows from
financing||||||
|activities:||||||
|Repayments
of borrowings||||(408,824)|(29,904)|
|Nel cash used
in financing||||(408,824)|(29,904)|
|activities||||||
|Change
In cash and cash||||(310,168)|128,362|
|equivalents
In the reporting||||||
|period
Cash and cash equivalents
at the||||838,117|709,755|
|beginning
ofthe reporting
period||||||
|Cash and cash equivalents
at
the end ofthe reporting
period||||527,949|838,117|
|Notes to the Statement of Cash Flows||||||
|a.
Reconctiagon
of net income/(expenditure)||to nei cash flow from operating|activities|||
|||||2023f|2022f|
|Net Income for the reporting
period (as per the||||68,607|19,070|
|statement
of financial
actlvlUes)||||||
|Adiustments
for:
DeprsdaUon
charges||||14,126|23,654|
|Profit on disposal offixed assets
Interest charged
Rent receivable
(Increase)/decrease
In debtors
Increase/(decrease)
in creditors||||11,113
(21,453)
202,661
(197,851)|12,452
(21,246)
(70,019)
192,309|
|Net cash provided
by operating|activities|||77,203|156,220|
##
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|c.|Analysis|ofChanges|ofChanges|in|Net Funds||||
|---|---|---|---|---|---|---|---|---|
|||||||At 01.04.2022|Cash Flow|At 31.03.2023|
||||||||f|6|
|Net cash|||||||||
|Cash at|bank and|in hand||||~838
1|~30168|627 9|
|||||||838117|~310168|~527 949|
|Debt|||||||||
|Charity|loan due|within|1 year|||(18,582)|18,582||
|Charity|loan due|after|more than||1 year|~379129|~379 29||
|||||||~37|397711||
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|||||||Note|Unrestricted|Restricted|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Funds|Funds|2023|2022|
||||||||8|8|8|F.|
|Fixed assets|||||||||||
|Tangible fixed assets|||||||2,562,303||2,562,303|2,576,429|
|Current assets|||||||||||
|Debtors|||||||82,807||82,807|285,488|
|Cash at bank and In|hand||||||498,209|29,740|527,949|838,117|
|Total current assets|||||||581,016|29,740|610,758|1,123,585|
|Liabilities:|||||||||||
|Creditors: amounts|falling|||due within one year|||||||
|Trade and other creditors||||||9|(279,380)||(279,380)|(402,724)|
|Provisions||||||9|(243,843)||(243,843)|(336,932)|
|Net current assets|||||||57,793|29,740|87,533|383,929|
|Total assets less current|||llabgitles||||2,620,098|29,740|2,649,836|2,960,358|
|Creditors:
amounts||falling||after more than|one|10||||(379,129)|
|year|||||||||||
|Total net assets|||||||2,620,096|29,740|2,649,836|2,581,229|
|Ths funds ofthe charity|||||||||||
|Designated
funds
Designated
revaluation||reserve|||||||900,232
1,426,855|516,647
1,426,855|
|Unrestricted
funds|||||||||293,009|611,764|
|Restricted
funds|||||||||29,740||
|Total funds||||||13|||2,649,836|2,581,229|
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|to the financial state
ncoming resources|to the financial state
ncoming resources|ments
(continued)|||
|---|---|---|---|---|
|Donations
and legacies|||||
||||2023|2022|
||||8||
|Legacies|||7|23,847|
|Donations|||57,618|67,128|
|Total donations
and legacies|||57,625|90,975|
|Grants|||||
|Warwick
District Coundl|||23,280|22,320|
|Sig Lottery/Other||||10,676|
|Stratford
District Council|||40,480|127,025|
|Cov/Warks
Partnership|Trust||22,955||
|Furlough||||4,182|
|Total grant Income|||86,715|164,203|
|Accommodation
charges|||||
|AccommodaNon
charges|||1,600,383|1,901,454|
|Total accommodation|charges income||1,600,383|1,901,454|
|Total Income from charitable||activities|1,687,098|2,065,657|
|Other trading
activities|||||
|Shop and cafd income||||15,155|
|Total other trading
activities||Income||15,155|
|Investment
Income|||||
|Rent received|||21,453|21,246|
|Total investment
Income|||21,453|21,246|
|Other Income|||||
|Sundry
Income and charges|||110,207|96,106|
|Total other income|||110,207|96,106|
|Total income|||1,876,383|2,289,139|
##
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##
|nalysis
of total re|sources
ex|pen|ded||||||
|---|---|---|---|---|---|---|---|---|
||||||Support|Other direct|Total|Total|
|||||Staff costs|costs|costs|2023|2022|
|||||E||E|E|E|
|Raising funds
Fundraislng
Trading
acUvibes||||46,772|11,240||58,012|50,745
20,274|
|Total expenditure|on raising|funds||46,772|11,240||58,012|71,019|
|Charitable
eciivilies|||||||||
|Grants||||31,013|16,915|37,233|85,161|161,611|
|AccommodaUon||||619,446|288,339|756,818|1,664,603|1.985,723|
|Total expenditure|on charitable||activlges|650,459|305,254|794,051|1,749,764|2,147,334|
|Total expenditure||||697,231|31B,494|794,051|1,807,776|2,218,353|
|Total unrestricted
resources
expended
Total restricted
resources expended||||665,009
32,222|301,868
14,626|757,961
36,090|1,724,838
82,938|2,060,858
157,495|
|||||697,231|316,494|794,051|1,807,776|2,218,353|
|||||Ralslns|Trsdlns|||Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Funds|Aotlvltlaa|Grants|Aoaommodatlon|2023|2022|
||||||0|||||
|Communications||&|IT|1,196||1,800|35,958|38,954|37,436|
|Depreciation||||435||654|13,037|14,126|23,654|
|Flnandal|costs|||2,822||4,247|37,669|44,738|143,293|
|Premises|costs|||4,515||6,794|135,711|147,020|166,425|
|Printing,|postage|&|stationery|179||289|5,368|5,816|6,122|
|Miscellaneous||||1,377||2,074|39,093|42,544|52,584|
|||||10,524||15,838|266,836|293,198|429,514|
||||Rslslns|Tradlns|||Total|Total|
|---|---|---|---|---|---|---|---|---|
||||Funds|Acevltias|Grants|Acoornmodaaon|2023|2022|
||||2|2|2|||0|
|Auditors'|remuneration||202||304|6,069|6,575|4,675|
|Legal and|protessional|fees|514||773|15,434|16,721|33,625|
||||716||1,077|21,503|23,296|38,300|
|Other|direct costs|Include:|||||||
|Oera|n
leasepa|menls|||||295,664|509,162|
##
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##
|||||Support|Other direct|Total|
|---|---|---|---|---|---|---|
||||Staff costsf|costsf|costsf|2022f|
|Raising funds|||||||
|Fundralsing|||32,105|18,640||50,745|
|Trading
acUvltles|||5,437|3,105|11,732|20,274|
|Total expenditure|on raising funds||37,542|21,745|11,732|71,019|
|Charitable
activities|||||||
|Grants|||58,902|33,644|69,065|161,611|
|Accommodation|||724,175|412,425|849,123|1,985,723|
|Total expenditure|on charitable|activities|783,077|446,069|918,188|2,147,334|
|Total expenditure|||820,619|467,814|929,920|2,218,353|
|Total unrestricted|resources expended||763,217|435,027|862,614|2,060,858|
|Total restricted resources expended|||57,402|32,787|67,306|157,495|
||||820,619|467,814|929,920|2,218,353|
|||||Raising|Trading|||Total|
|---|---|---|---|---|---|---|---|---|
|||||Funds|Acgvltlas|Grants|Accommodation|2022|
|||||2|E|2|E|2|
|Communications||8|IT|1,488|248|2,685|33,015|37,438|
|DepreclaUon||||940|157|1,697|20,860|23,654|
|Ftnarxdal|costs|||3,688|614|6,656|132,335|143,293|
|Premises|costs|||6,614|1,102|11,938|146,771|166,425|
|PdnUng,|postage|&|stationery|243|41|439|6,399|6,122|
|Miscellaneous||||4,145|689|7,482|40,268|52,584|
|||||17,118|2,851|30,897|378,648|429,514|
||||Ralalrr0|Trading|||Total|
|---|---|---|---|---|---|---|---|
||||Frrrr
dc|Acuvglas|Grants|Accommodsuon|2022|
||||E|E||||
|Auditors'|remuneration||186|31|335|4,123|4,675|
|Legal and|professional|fees|1,336|223|2,412|29,654|33,625|
||||1,522|254|2,747|33,777|38,300|
##
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##
||||||2023|2022|
|---|---|---|---|---|---|---|
|Trade and other creditors|||||5|5|
|Trade creditors|||||(62,260)|163,165|
|Social security and other laxes|||||12,280|13,213|
|Deferred Income|||||22,108|20,602|
|Other creditors||||303,923||182,770|
|Charity
loan &I year||||||18,582|
|Pension contributions|||||3,329|4,392|
|||||279,380||402,724|
|||||||2023|
|Provisions||||||6|
|Balance at start ofyear||||||336,932|
|Amounts
released||||||(93,089)|
|Amounts
provided
for|||||||
|Balance at end ofyear||||||243,843|
|Creditors: amounts
falling due after more than one year|||||||
|Trade and other creditors|||||2023|2022|
||||||5|6|
|Charity loan 1-2 years||||||18,832|
|Charily loan 2-5 years||||||81,056|
|Charity loan &5years||||||279,241|
|||||||379,129|
|Charity loan|||||||
|Acharity loan was secured
in 2020, totalling F456,915which funded the acquisition of
charged
on this amount was at a percentage
of2.89%above The Bank of England
be fully repaid
by 12s March 2039,The loan was secured on other properties
owned||||92 Holyhead
Road during
base rate, and lhe amount
by the charity. Coventry||that year. Interest
was expected to
Cyrenlans
elected|
|to repay lhs entire loan in full during|November|2022.|||||
##
##
|Balance|as at 1 April 2022|as at 1 April 2022||20,602|
|---|---|---|---|---|
|Amounts|released|to income during|the year|(20,602)|
|Amounts|deferred|during
the year||22,108|
|Balance|as at 31|March 2023||22,108|
##
##
##
##
|t 31 March 2023 the company
had annual
commitments
under n|on-cancellable
operating
leases as set out below|:|
|---|---|---|
||2023
6|2022f|
|Operafing
leases which expire:
Within one year
Between one snd five years|143,231
51,597|384,661
253,163|
|After more than five years|||
||194,828|837,824|
##
|The|company|sub-lets a properly|and ls due the fodowlng|rents under non-cancegable|operating|leases:|||
|---|---|---|---|---|---|---|---|---|
||||||||2023
5|2022f|
||OperaUng
leases which||expire:||||||
||Within|one year|||||44,373|44,373|
||Between one and five years||||||22,167|66,550|
||After|more than five years|||||||
||||||||66,560|110,933|