REGISTERED COMPANY NUMBER: 01389730 (England and Wales) REGISTERED CHARITY NUMBER: 509812
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2021
for Stockton Churches Mission to the Single Homeless Limited
J P Walters & Co Chartered Accountants 67 Duke Street Darlington Co. Durham DL3 7SD
Stockton Churches Mission to the Single Homeless Limited
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 8 |
| Independent Examiner's Report | 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 to 12 |
| Cash Flow Statement | 13 |
| Notes to the Cash Flow Statement | 14 |
| Notes to the Financial Statements | 15 to 21 |
| Detailed Statement of Financial Activities | 22 to 23 |
Stockton Churches Mission to the Single Homeless Limited
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
The charity's objective and principal activities are to offer supported accommodation to the single homeless in Stockton. Our policy is to provide a safe and friendly environment with 24 hour support staff. The hostel offers support, assisting residents to improve life skills, manage finances effectively, access work opportunities, develop skills and confidence, equipping the residents to eventually move into sustained independent living.
The charity continues to explore additional resources to enable residents to achieve their own personal goals and lead a greater quality of life.
Page 1
Stockton Churches Mission to the Single Homeless Limited
Report of the Trustees
for the Year Ended 31 March 2021
OBJECTIVES AND ACTIVITIES Significant activities
Over the last year, SCMSH Ltd encountered a situation which was unprecedented. The emergence of Covid-19 was unexpected, and at times alarming.
Throughout the entire period, the Board of Trustees and staff came together as a team and worked tirelessly to ensure the safety of the residents, each other and the charity itself.
A debt of gratitude is owed to the staff which cannot be properly expressed; they continued to work on the front line as key workers, in a difficult environment, with much systems change. They went to extraordinary lengths to keep the service open and their loyalty and efforts are appreciated. At the beginning of the pandemic, there must have been times staff attended work hesitant for themselves and those around them. But still they showed up and were resolute in doing the best job possible.
It is a testament to the Team that there have been no cases of Covid-19 within the residents, and that those cases within the staff team did not spread and were not workplace related.
At the beginning of the business year, the Charity principally put its key efforts into safeguarding against Covid-19 and many of these mechanisms were included in The Report of the Trustees 2019/2020.
While still not entirely past the hazard of the virus, we have been left with a Covid Legacy. Excellent learning and development occurred, much of which will become a new and improved 'normal'.
At first clients found it difficult to comply with the Government's lockdown requirements, however with the support of the staff team they were able to become accustomed to the new ways of being relatively quickly. The hostel itself has been calm and residents have been stable.
Many of the Charity's partner agencies remained closed, with their employees working from home. New ways of working together were established providing the residents with innovative ways to access specialist services. All clients continued to have a thorough and robust Support Plan which was personalised and written with them by their key worker at Bridge House and reviewed at least every 2 months.
The current structure is committed to Continuous Professional Development at all levels of service. Specifically, over the Covid-19 lockdown period all staff were able to complete many online courses whilst at home and used this time effectively to the benefit of increasing their knowledge and skill base.
This ongoing training and development will ensure the highest level of service delivery and maximise occupancy levels, thus enabling the success of the move-on of residents to independent living.
As part of the charity's strategy to maintain high standards, it continues to be accredited by Investors in People and maintains the Standard. This year a virtual Investors in People audit occurred, and the Charity continues to demonstrate its commitment to its workforce.
Bridge House is a Psychologically Informed Environment, concentrating on the 5 key elements of: relationships, staff support and training, physical environment and social spaces, psychological framework and evidence generating practice. The charity is aware that some of these elements have become compromised due to Government restrictions around Covid-19 and conscious to be mindful of clients and staff's wellbeing.
The Senior Leadership Team made special efforts to check on staff wellbeing, providing additional support as and when needed. Homeworking could be particularly isolating and key workers on the frontline could feel anxious and apprehensive.
Much effort has been made to continue staff's Group Supervision/Therapy with a Integrative Psychotherapist. This has proved to enhance not only the Teams wellbeing but also their practice.
Page 2
Stockton Churches Mission to the Single Homeless Limited
Report of the Trustees
for the Year Ended 31 March 2021
OBJECTIVES AND ACTIVITIES
Separate and aside from the all-encompassing Covid-19 situation, the Charity took part in market engagement with the Local Authority to help form a new service specification. This resulted in the new contract specification being released on 21st April 2021. The Charity intends to bid on this contract, and should have Award information by 16th July 2021. New contracts will commence from 1st October 2021 for 3 years until 30th September 2024, with a potential 2x 1year extensions, until 30th September 2026.
Additionally, 3 members of The Board resigned, including the longstanding Chairman. During the year, 4 new Trustees have been appointed. 2021/2022 will be a year for the Board members to form and continue the fantastic work that has gone before them.
The building in which the Charity resides is not purpose built, and especially due to the Covid-19 social distancing measures, it became apparent that more space was needed for staff. Plans have been approved to build a 2-storey extension at the rear of the current building to provide staff facilities, offices and a meeting room.
Page 3
Stockton Churches Mission to the Single Homeless Limited
Report of the Trustees
for the Year Ended 31 March 2021
OBJECTIVES AND ACTIVITIES Impact on Society
Not only does SCMSH deliver a critical role in helping the homeless, supporting clients to rebuild their lives, but it also plays a vital role in improving the social and economic wellbeing of the area. The whole community positively benefits from the ripple effect of the Charities work. It provides accommodation and support for homeless individuals whilst also employment for local people. We would not state that this culture is easy to change as we are now experiencing third generation chaotic living, with entrenched behaviours with the hardest to engage client group. It is argued that cultures can take a long time to change, but small individuals changes make huge improvements to the local community.
| PROVEN DECREASED ACTIVITIES | PROVEN INCREASED ACTIVITIES |
|---|---|
| - Homelessness | - Independent living |
| - The amount of people able to make a positive | |
| - Deaths- | contribution to society |
| - Overdoses | - Employability |
| - Substance misuse | - Community Safety |
| - Arrests | - Life skills |
| - Reoffending | - Education |
| - Anti Social Behaviour | - Training |
| - Prolific Offending | - Confidence, self esteem and self-worth |
| - Sex Offending | - General Health and Wellbeing |
| - Thefts | - Sexual Health and Sexual Health Clinics |
| - Heroine syringes disposed of safely (approx. 1000 | |
| - Violence | per month) |
| - Victims of crime | - Engagement with Services |
| - Court Cases | - Reduce substance misuse |
| - Prison Sentences | - Respect for others |
| - Number of individuals on curfews, with or without | |
| equipment | - Personal, social & family functioning |
| - Police activity | - Personal hygiene |
| - Number of individuals on probation | - Clients maintaining their accommodation |
| - Domestic Violence | - Debt management |
| - Sex Working | - Support Networks for clients |
| - Children Removed at Birth or entering children's | - Safeguarding |
| services | |
| - Social Work Interventions | - Harm minimisation |
| - Mental Illness | - Family contact and reconnection |
| - Self-harm | |
| - NHS Bills | |
| - The use of Accident and Emergency | |
| - The use of Emergency Services | |
| - Exploitation | |
| - Rent arrears | |
| - Benefits Claims | |
| - The spend from the Tax Payers Purse |
The impact that SCMSH's work has on each client is based on a whole systems approach. Strategic and operational partnerships that have been developed mean people who benefit from the service have greater access to preventative and rehabilitation services, stabilise their income and have crisis interventions designed to both deal with issues earlier and more cost effectively.
SCMSH creates an environment that allows positive social return on investment for both its primary partners and the local community at large by reducing reliance of clients on crisis intervention services as well as improving their economic well-being and having clients achieve a contributing citizen status in their communities.
Page 4
Stockton Churches Mission to the Single Homeless Limited
Report of the Trustees
for the Year Ended 31 March 2021
OBJECTIVES AND ACTIVITIES
Grantmaking
The 'Moving on' bursary fund was established in 2008. Its main purpose is to assist the residents of Bridge House to move on in their lives and who have demonstrated a willingness to improve their quality of life. The charity did not award any grants to applicants during the year.
A grant of £23,640 was awarded through the Covid-19 Homelessness Response Fund, Homeless Link. Its main purpose is to assist the Charity to expand and adapt services in light of Covid-19 to support people experiencing homelessness safely and effectively. The funds were spent on investments in systems, infrastructure, equipment, project activities and running costs.
Volunteers
The charity welcomed volunteers this year to the hostel, and whilst it does not rely on volunteers in order to carry out its charitable work, they have proven to add value to its work.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The main areas of charitable activity are the provision of accommodation, support and guidance to the single homeless of the Stockton area.
Accommodation
The charity provides accommodation to the single homeless by owning and running the hostel based in Bridge Road. The hostel provides 28 beds (2020: 28) and these are available for the homeless. All the staff employed by the charity usually work at the hostel, providing food and support to the homeless twenty four hours a day.
Support
The hostel offers a structured package of support, identifying the individual needs of the residents. The support plans are service user led and intend to involve and empower the resident. The hostel works with both statutory and voluntary agencies, accessing services such as training and education, counselling, substance misuse, offending, mental health and housing issues. There are plans to develop this further.
Bridge House continues to work closely with a number of key agencies offering a wide variety of support services, including Local Authority, Housing options, Teesside University Social Sciences, Police Force, Probation, H M Prisons, Social Services, Crisis Team, solicitors, counselling, education and training, outward bound centres and other local agencies.
The Charity has formed a great working relationship with Cleveland Police and Public Health South Tees to raise awareness around addicts and their addictions. Staff are now part of the Preventing Drug Related Death Meetings and have provided seized substances for toxicology testing.
Safeguarding
Safeguarding is underpinned by The Care Act 2014. We are committed to maintain a Safeguarding Policy and respond effectively if we believe a client is at risk. SCMSH Ltd works with First Contact, for any safeguarding issues and Teesswide Safeguarding Adults Board to develop strategies, reduce risk, prevent harm and training.
Internal and external factors
The trustees have made a full assessment of the internal and external factors that may affect these financial statements and do not deem any factors material enough to have an impact.
Page 5
Stockton Churches Mission to the Single Homeless Limited
Report of the Trustees
for the Year Ended 31 March 2021
FINANCIAL REVIEW
Principal funding sources
The principle funding sources for the charity continues to be the Local Authority Contract, through Housing Related Support, and the accommodation charges, charged by the hostel, collected by Housing Benefit.
The Housing Related Support funding received during the year was £190,475 (2020: £191,613).
Accommodation charges, collected by Housing Benefit will always fluctuate due to occupancy levels, which decreased over the last year with an average occupancy rate of 86.55% (2020: 94.5%). This is directly linked to Covid-19 and planned reduced occupancy during the first quarter.
Many donations had been provided in the form of good rather than sterling, ranging from local and national companies, such as KFC, Nandos, Tescos, Morrisons, Greggs, Pizza Hut, Aldi, Lidl and Barclaycard, and individuals, supplying bedding, towels, toiletries and food.
Investment policy and objectives
Under the Memorandum and Articles of Association, the charity has the power to invest in any way the trustees wish.
The trustees, having regard to the liquidity requirements of the hostel and to the reserve policy have operated a policy of keeping available funds in an interest-bearing tracker deposit account.
The invested funds held on deposit achieved an average rate of less than 1% in the year.
Reserves policy
The Management Committee has examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should accumulate as general funds. The charity has made a loss for the year, which is in line with expectations, and as a result, the reserves were needed to meet the working capital requirements of the charity, with regards to the charitable objectives and governance costs.
Funds in surplus
The year-end financial results are showing a deficit of £335 (2020: £46,602) for the year. This leaves reserves standing at £750,538 (2020: £750,873).
Resources have decreased marginally from renting the accommodation, and expenditure increased as a direct result of the global pandemic. Financial matters could have been significantly worse if grants had not been secured from Homeless Link. The charity continues to seek funding from a much broader group of agencies.
The financial performance of the charity over the turbulent Covid-19 period has been achieved by the hard work, dedication and expertise of the Senior Leadership Team lead by the Chief Executive Officer, Louise Lefevre.
FUTURE PLANS
The charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory funding arrangements.
The charity has secured the necessary level of funding from the local and government authorities, but it is still actively seeking funds from other sources.
The Management Committee still feels that it offers very good value for money to the local and government authorities. This, coupled with budgetary control of expenditure, should hopefully ensure that the charity keeps financial parity over the next accounting period.
A clear case will be made by the Charity for continued funding in 2021/2022 and will await decisions.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 6
Stockton Churches Mission to the Single Homeless Limited
Report of the Trustees
for the Year Ended 31 March 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
The hostel has a Management Committee of up to 15 members who meet every 6 weeks and are responsible for the strategic direction and policy of the charity. At present the Committee has 8 members from a variety of professional backgrounds relevant to the work of the charity. The charity has no company secretary.
The hostel has a scheme of delegation in place and day-to-day responsibility for the provision of the services now rests with the Chief Executive Officer, the Service Manager and the Operations Manager. The Chief Executive Officer is now responsible for ensuring that the charity delivers the services specified and that performance indicators are met. The Service Manager and Operations Manager have the responsibility for the day-to-day operational management of the hostel, individual supervision of the staff and also ensuring that the employees continue to develop their skills and working practices in line with good practice.
Induction and training of new trustees
Trustees are familiar with the practical work of the charity having been encouraged to take up a tour of the hostel as part of the induction procedures.
Additionally, new trustees are invited and encouraged to attend the hostel for a short informal training session, to familiarise themselves with the charity and the context within which it operates. These are led by the Chief Executive Officer and cover:
-
The obligations of Management Committee members.
-
The main documents which set out the operational framework for the charity including the Memorandum and Articles.
-
Resourcing and the current financial position as set out in the latest published accounts.
-
Future plans and objectives.
The new trustees are also given information from various Charity Commission publications, including the Commission's guide "the Essential Trustee" as a follow up to the training session. This is distributed to all new trustees along with the Memorandum and Articles of Association and the latest financial statements.
Wider network
At present Stockton Churches Mission to the Single Homeless does not consider itself part of a wider network.
Related parties
The charity has a close relationship with the following organisations Stockton Borough Council, Housing Options, CGL, Community Campus 87, A Way Out, Police, Probation, Public Protection Unit, Mental Health Services, Learning Disability and Forensic Team, Social Services, Roseberry Park, Teesside University, Thirteen Housing, Harbour, SARC, Fairbridge, Riverside College, Sanctuary, Turnaround Homes, Prefer Homes, Mental Health Matters, Safe in Tees Valley, Public Health and The Police and Crime Commissioner which all share the charities objective of the support of individuals with complex needs. Supporting People has changed names to Housing Related Support and provides essential core funding, enabling the support of the homeless in the Stockton area. Stockton Borough Council provides funding via the Housing Benefit Scheme, by paying the rent of the residents, along with providing help and support to the charity.
Risk management
The Management Committee has conducted a review of the major risks to which the charity is exposed. Risk assessments are established and are reviewed at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, residents and visitors to the hostel. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
01389730 (England and Wales)
Registered Charity number
509812
Page 7
Stockton Churches Mission to the Single Homeless Limited
Report of the Trustees for the Year Ended 31 March 2021
Registered office
Stockton on Tees Cleveland TS18 3AX
Trustees
J Wilson (Chairman) (resigned 3.11.20) C Scott P Hadfield K Wood (Vice Chairman) Mrs M Froggatt (resigned 7.9.20) Mrs K Matthews (resigned 16.9.20) J C Dean (Chairman) S P Savage (appointed 2.2.21) Mrs K Davies-Hough (appointed 2.2.21) D W Yates (appointed 2.2.21) I Ramshaw (appointed 2.2.21)
Company Secretary
Independent Examiner
J P Walters & Co Chartered Accountants 67 Duke Street Darlington Co. Durham DL3 7SD
Chief Executive Officer
Mrs L Lefevre
Approved by order of the board of trustees on 8 June 2021 and signed on its behalf by:
J C Dean (Chairman) - Trustee
Page 8
Independent Examiner's Report to the Trustees of Stockton Churches Mission to the Single Homeless Limited
Independent examiner's report to the trustees of Stockton Churches Mission to the Single Homeless 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 FCA 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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
J P Walters FCA J P Walters & Co Chartered Accountants 67 Duke Street Darlington Co. Durham DL3 7SD
8 June 2021
Page 9
Stockton Churches Mission to the Single Homeless Limited
Statement of Financial Activities for the Year Ended 31 March 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 2,973 Charitable activities 5 Hostel 636,030 Other trading activities 3 5,913 Investment income 4 71 Total 644,987 EXPENDITURE ON Charitable activities 6 Hostel 637,638 NET INCOME/(EXPENDITURE) 7,349 RECONCILIATION OF FUNDS Total funds brought forward 571,290 TOTAL FUNDS CARRIED FORWARD 578,639 |
Restricted funds £ - - - - - 7,684 (7,684) 179,583 171,899 |
31.3.21 Total funds £ 2,973 636,030 5,913 71 644,987 645,322 (335) 750,873 750,538 |
31.3.20 Total funds £ 9,066 674,886 - 369 684,321 637,719 46,602 704,271 750,873 |
|---|---|---|---|
The notes form part of these financial statements
Page 10
Stockton Churches Mission to the Single Homeless Limited
Balance Sheet 31 March 2021
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 13 61,498 CURRENT ASSETS Stocks 14 580 Debtors 15 7,929 Cash at bank and in hand 511,072 519,581 CREDITORS Amounts falling due within one year 16 (2,440) NET CURRENT ASSETS 517,141 TOTAL ASSETS LESS CURRENT LIABILITIES 578,639 NET ASSETS 578,639 FUNDS 17 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 170,395 - - 1,504 1,504 - 1,504 171,899 171,899 |
31.3.21 Total funds £ 231,893 580 7,929 512,576 521,085 (2,440) 518,645 750,538 750,538 578,639 171,899 750,538 |
31.3.20 Total funds £ 245,912 580 3,470 522,847 526,897 (21,936) 504,961 750,873 750,873 571,290 179,583 750,873 |
|---|---|---|---|
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
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 11
Stockton Churches Mission to the Single Homeless Limited
Balance Sheet - continued
31 March 2021
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 8 June 2021 and were signed on its behalf by:
J C Dean (Chairman) - Trustee
The notes form part of these financial statements
Page 12
Stockton Churches Mission to the Single Homeless Limited
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 Purchase of tangible fixed assets Interest received Net cash provided by/(used in) investing 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 £ (9,914) (428) (10,342) - 71 71 (10,271) 522,847 512,576 |
31.3.20 £ 66,641 (756) 65,885 (11,860) 369 (11,491) 54,394 468,453 522,847 |
|---|---|---|
The notes form part of these financial statements
Page 13
Stockton Churches Mission to the Single Homeless Limited
Notes to the Cash Flow Statement for the Year Ended 31 March 2021
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Interest paid (Increase)/decrease in debtors (Decrease)/increase in creditors Net cash (used in)/provided by operations |
31.3.21 £ (335) 14,019 (71) 428 (4,459) (19,496) (9,914) |
31.3.20 £ 46,602 14,415 (369) 756 2,491 2,746 66,641 |
|---|---|---|
- ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.20 | Cash flow | At 31.3.21 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 522,847 | (10,271) | 512,576 |
| 522,847 | (10,271) | 512,576 | |
| Total | 522,847 | (10,271) | 512,576 |
The notes form part of these financial statements
Page 14
Stockton Churches Mission to the Single Homeless Limited
Notes to the Financial Statements
for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
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.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Fixtures and fittings - 33% on cost Motor vehicles - 25% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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.
Page 15
continued...
Stockton Churches Mission to the Single Homeless Limited
| Notes to the Financial Statements-continued for the Year Ended 31 March 2021 2. DONATIONS AND LEGACIES Donations 3. OTHER TRADING ACTIVITIES Miscellaneous income 4. INVESTMENT INCOME Deposit account interest 5. INCOME FROM CHARITABLE ACTIVITIES Activity Accommodation charges Hostel Grants Hostel Grants received, included in the above, are as follows: Homeless Link Housing Related Support Coronavirus Job Retention Scheme Tees Valley Community Foundation 6. CHARITABLE ACTIVITIES COSTS Hostel |
Direct Costs £ 635,365 |
31.3.21 £ 2,973 31.3.21 £ 5,913 31.3.21 £ 71 31.3.21 £ 416,494 219,536 636,030 31.3.21 £ 23,640 190,475 4,421 1,000 219,536 Support costs (see note 8) £ 9,957 |
31.3.20 £ 9,066 31.3.20 £ - 31.3.20 £ 369 31.3.20 £ 483,273 191,613 674,886 31.3.20 £ - 191,613 - - 191,613 Totals £ 645,322 |
|---|---|---|---|
Page 16
continued...
Stockton Churches Mission to the Single Homeless Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 7. | GRANTS PAYABLE | ||
|---|---|---|---|
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Hostel | - | 1,440 | |
| 8. | SUPPORT COSTS | ||
| Governance | |||
| costs | |||
| £ | |||
| Hostel | 9,957 | ||
| 9. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Depreciation - owned assets | 14,019 | 14,415 |
10. 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.
11. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Chief executive office Direct charitable work |
31.3.21 £ 447,831 36,703 9,444 493,978 31.3.21 1 18 19 |
31.3.20 £ 434,531 32,406 8,219 |
||
|---|---|---|---|---|
| 475,156 | ||||
| 31.3.20 1 25 26 |
No employees received emoluments in excess of £60,000.
continued...
Page 17
Stockton Churches Mission to the Single Homeless Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 9,066 Charitable activities Hostel 674,886 Investment income 369 Total 684,321 EXPENDITURE ON Charitable activities Hostel 630,035 NET INCOME/(EXPENDITURE) 54,286 RECONCILIATION OF FUNDS Total funds brought forward 517,004 TOTAL FUNDS CARRIED FORWARD 571,290 13. TANGIBLE FIXED ASSETS Fixtures Freehold and property fittings £ £ COST At 1 April 2020 447,848 50,392 Disposals - (4,694) At 31 March 2021 447,848 45,698 DEPRECIATION At 1 April 2020 233,725 25,458 Charge for year 8,957 2,777 Eliminated on disposal - (4,694) At 31 March 2021 242,682 23,541 NET BOOK VALUE At 31 March 2021 205,166 22,157 At 31 March 2020 214,123 24,934 |
Restricted funds £ - - - - 7,684 (7,684) 187,267 179,583 Motor vehicles £ 30,728 - 30,728 23,873 2,285 - 26,158 4,570 6,855 |
Total funds £ 9,066 674,886 369 684,321 637,719 46,602 704,271 750,873 Totals £ 528,968 (4,694) 524,274 283,056 14,019 (4,694) 292,381 231,893 245,912 |
|
|---|---|---|---|
continued...
Page 18
Stockton Churches Mission to the Single Homeless Limited
| Notes to the Financial Statements-continued for the Year Ended 31 March 2021 14. STOCKS Stocks 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Payments on account Social security and other taxes Accrued expenses 17. MOVEMENT IN FUNDS At 1.4.20 £ Unrestricted funds Accumulated funds 399,966 Contingency fund 171,324 571,290 Restricted funds Capital fund 178,080 Moving on bursary fund 1,503 179,583 TOTAL FUNDS 750,873 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds Accumulated funds 644,987 Restricted funds Capital fund - TOTAL FUNDS 644,987 |
31.3.21 31.3.20 £ £ 580 580 31.3.21 31.3.20 £ £ 78 - 7,851 3,470 7,929 3,470 31.3.21 31.3.20 £ £ - 8,064 - 9,252 2,440 4,620 2,440 21,936 Net movement At in funds 31.3.21 £ £ 7,349 407,315 - 171,324 7,349 578,639 (7,684) 170,396 - 1,503 (7,684) 171,899 (335) 750,538 Resources Movement expended in funds £ £ (637,638) 7,349 (7,684) (7,684) (645,322) (335) |
|---|---|
continued...
Page 19
Page 19 continued...
Stockton Churches Mission to the Single Homeless Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
17. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.4.19 | in funds | 31.3.20 |
| £ | £ | £ |
| Unrestricted funds | ||
| Accumulated funds 345,680 |
54,286 | 399,966 |
| Contingency fund 171,324 |
- | 171,324 |
| 517,004 | 54,286 | 571,290 |
| Restricted funds | ||
| Capital fund 185,764 |
(7,684) | 178,080 |
| Moving on bursary fund 1,503 |
- | 1,503 |
| 187,267 | (7,684) | 179,583 |
| TOTAL FUNDS 704,271 |
46,602 | 750,873 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| Accumulated funds 684,321 |
(630,035) | 54,286 |
| Restricted funds | ||
| Capital fund - |
(7,684) | (7,684) |
| TOTAL FUNDS 684,321 |
(637,719) | 46,602 |
| A current year 12 months and prior year 12 months combined position is as follows: | ||
| Net | ||
| movement | At | |
| At 1.4.19 | in funds | 31.3.21 |
| £ | £ | £ |
| Unrestricted funds | ||
| Accumulated funds 345,680 |
61,635 | 407,315 |
| Contingency fund 171,324 |
- | 171,324 |
| 517,004 | 61,635 | 578,639 |
| Restricted funds | ||
| Capital fund 185,764 |
(15,368) | 170,396 |
| Moving on bursary fund 1,503 |
- | 1,503 |
| 187,267 | (15,368) | 171,899 |
| TOTAL FUNDS 704,271 |
46,267 | 750,538 |
continued...
Page 20
Stockton Churches Mission to the Single Homeless Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
17. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources |
Movement | |
|---|---|---|---|
| resources | expended |
in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Accumulated funds | 1,329,308 | (1,267,673) | 61,635 |
| Restricted funds | |||
| Capital fund | - | (15,368) | (15,368) |
| TOTAL FUNDS | 1,329,308 | (1,283,041) | 46,267 |
18. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 21
Stockton Churches Mission to the Single Homeless Limited
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2021 | ||
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 2,973 | 9,066 |
| Other trading activities | ||
| Miscellaneous income | 5,913 | - |
| Investment income | ||
| Deposit account interest | 71 | 369 |
| Charitable activities | ||
| Accommodation charges | 416,494 | 483,273 |
| Grants | 219,536 | 191,613 |
| 636,030 | 674,886 | |
| Total incoming resources | 644,987 | 684,321 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages and salaries | 447,831 | 434,531 |
| Social security | 36,703 | 32,406 |
| Employer pension contribution | 9,444 | 8,219 |
| Rates and water | 7,485 | 9,059 |
| Insurance | 7,938 | 7,733 |
| Light and heat | 17,085 | 19,636 |
| Training costs | 2,044 | 10,722 |
| Health and safety costs | 8,627 | 5,517 |
| Property upkeep & maintenance | 23,244 | 21,756 |
| Catering supplies | 9,361 | 12,895 |
| Motor and travelling expenses | 3,951 | 3,119 |
| Sundry equipment | 20,194 | 14,792 |
| Cleaning expenses | 3,359 | 6,073 |
| Welfare | 3,054 | 5,458 |
| Service users bad debts | 3,672 | - |
| Housing benefit bad debts | 2,539 | - |
| Advocacy budget | - | 15 |
| Licences and subscriptions | 1,684 | 3,557 |
| Media and marketing | 907 | 2,261 |
| Health fitness & leisure | - | 275 |
| Womens project | - | 99 |
| Telephone | 4,061 | 4,805 |
| Postage and stationery | 1,489 | 1,182 |
| Legal insurance | 6,246 | 5,905 |
| Freehold property | 8,957 | 8,957 |
| Fixtures and fittings | 2,777 | 3,173 |
| Carried forward | 632,652 | 622,145 |
This page does not form part of the statutory financial statements
Page 22
Stockton Churches Mission to the Single Homeless Limited
Detailed Statement of Financial Activities
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2021 | ||
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Charitable activities | ||
| Brought forward | 632,652 | 622,145 |
| Motor vehicles | 2,285 | 2,285 |
| Bank charges | 428 | 756 |
| Grant spend | - | 1,440 |
| 635,365 | 626,626 | |
| Support costs | ||
| Governance costs | ||
| Accountancy fees | 4,868 | 4,836 |
| Legal and professional fees | 5,089 | 6,257 |
| 9,957 | 11,093 | |
| Total resources expended | 645,322 | 637,719 |
| Net (expenditure)/income | (335) | 46,602 |
This page does not form part of the statutory financial statements
Page 23