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2021-03-31-accounts

Company Number 02280503

Charity Number 701265

THE PEASHOLME CENTRE YORK

A company limited by guarantee and a registered charity no. 701265

ANNUAL REPORT AND FINANCIAL STATEMENTS

for the year ended

31 March 2021

HPH Chartered Accountants 54 Bootham

York YO30 7XZ

THE PEASHOLME CENTRE YORK

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

CONTENTS page
Annual Report of the Directors and Trustees 1 to 11
Independent Examiner's Report 12
Statement of Financial Activities and Income and Expenditure Account 13
Balance Sheet 14
Notes to the Financial Statements 15 to 23
Non statutory pages
Detailed Income and Expenditure Accounts 24 to 25

THE PEASHOLME CENTRE YORK REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31[st] MARCH 2021

The Directors (who are also the Trustees of the Charity and whose details are shown in the reference and administrative section of this report) are pleased to present their Annual Report together with the Financial Statements of the Charity for the year ended 31[st] March 2021.

The Financial Statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practise 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[st] January 2019).

The Charity is a Public Benefit Entity.

OBJECTIVES AND ACTIVITIES

Our Mission

Peasholme Charity has a mission to end homelessness, and a vision that everyone has access to the right help at the right time to prevent the escalation of crisis situations – the charity defines ‘crisis’ as lacking security, shelter or an ability to sustain oneself.

Peasholme Charity works with disadvantaged and socially excluded people, in particular those who are homeless or at risk of losing their home.

We address social exclusion and poverty by providing support services for people in or heading towards crisis.

Aims and Objectives

Peasholme Charity's purpose was set out in its objects in the company's Articles of Memorandum of Association:

“the relief of poverty, suffering and distress of persons in or about the City of York who are in need and in particular, but without prejudice to the generality of the foregoing, the relief of such of the beneficiaries who are homeless, rootless, or socially isolated for whatever reason as deemed by law to be charitable.”

Our strategic aim is that people are empowered, realise their aspirations, and achieve their full potential.

Our specific aims are to:

1

THE PEASHOLME CENTRE YORK REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31[st] MARCH 2021

OBJECTIVES AND ACTIVITIES - CONTINUED

Our aims fully reflect the purpose that the Charity was set up to further.

The Focus of our Work

Our main objectives and activities for the year was the provision of good quality community-based support services for disadvantaged and socially excluded people.

This was achieved through:

The charity has designated the development of a ‘Homeless Hub’ as a long-term strategic aim; and has maintained redeployed resources within front-line homeless prevention work in order to meet the longer term demands of the Covid-19 pandemic.

Our Services

My Money. My Life...

My Money. My Life…’. is a financial capability advice and support service that offers a pathway from financial instability and crisis to a more secure and stable position. The service offers a range of interventions from brief advice to community drop-ins and long term supported learning aiming to provide individuals with the skills to prevent the reoccurrence of crisis situations.

During the year 214 individuals / families were supported by the Financial Capability Coach, representing a 29% increase in the number of people accessing the service as compared to the previous year.

While only 35 people acknowledged the Covid-19 pandemic as a primary reason for accessing help; the charity recognises the enormous impact the pandemic has had on society and continues to monitor the needs of those asking for help.

2

THE PEASHOLME CENTRE YORK REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31[st] MARCH 2021

OBJECTIVES AND ACTIVITIES - CONTINUED

The charity continued to offer altered services because of the pandemic; we offered virtual access to our drop-in partners but ultimately these were not as successful as hoped. The organisation noted issues with access to technology and the skills to use what devices were available as barriers to individual engagement.

During the reporting period, 60 individuals were signed off the service having achieved the following positive outcomes:

The Financial Capability Coach helps people access the benefits to which they are entitled, including supporting them to manage appeals and tribunal processes with the Department of Work and Pensions.

During the reporting period, the service generated the following additional income for individuals / families:

Next Steps – intensive support for rough sleepers

The service provides intensive outreach support for individuals with complex needs who are rough sleeping or insecurely housed; enabling people to move from crisis situations to a place of security.

The service provides both homeless prevention and resettlement support and works as part of a multiagency and multi-disciplinary approach to ending rough sleeping. The Tenancy Coach works alongside stakeholders including the local authority led Rough Sleepers Initiative (RSI) and the peer-led recovery network.

The service supported 47 individuals, representing a 15% increase from the previous reporting period; this lower increase in people needing support is reflective of national initiatives including the ‘Everyone In’ scheme, the evictions ban and increased levels of welfare benefits have kept people in their homes.

3

THE PEASHOLME CENTRE YORK REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31[st] MARCH 2021

OBJECTIVES AND ACTIVITIES - CONTINUED

The service delivered the following outcomes within the reporting period;

The Hub Coordinator continued to be deployed into the delivery of ‘Next Steps’ and alongside the provision of intensive support – they provided basic relief, including the delivery food parcels and wellbeing packs to rough sleepers housed through ‘Everyone In’. The charity worked with Pizza Hut and Mecca Bingo over lockdowns and delivered over 1,000 hot meals to vulnerable people in emergency accommodation and in the community.

Community Advice Service

Peasholme Charity and York Foodbank continue to work in partnership at weekly sessions; the Advice Worker and volunteers work together to identify people in crisis for whom additional support would have a positive impact on their situation.

The charity continued to offer an altered service in partnership with York Foodbank, the crisis phoneline supported 165 individuals / families during the reporting period. The service continued to offer followup additional support with 90 individuals / families engaging with this element of service provision.

The additional support continued to be delivered remotely, delivering phone support, referral to specialist organisations and hardship grant applications.

In total the Community Advice Worker delivered:

The Board of Trustees are very thankful to York Foodbank Trustees, management and volunteers for their continued support of this partnership project.

4

THE PEASHOLME CENTRE YORK REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31[st] MARCH 2021

OBJECTIVES AND ACTIVITIES - CONTINUED

Covid-19 pandemic – ongoing activities

The charity continues to deliver an altered service model to maintain the safety of staff and the people accessing our services, as well as, to ensure the continuation of support services for vulnerable people.

The charity used a risk management approach to service delivery; front line staff and Trustees were engaged in this process through regular virtual meetings and email updates.

In August 2020, the charity secured funding from the Coronavirus Community Support Fund distributed by The National Lottery Community Fund. These funds are being used to recruit into the vacant ‘Next Steps’ post. Due to the identified increase in homeless prevention work, and the continued closure of community venues, the Hub Coordinator remains redeployed to ‘Next Steps’.

At the time of writing this report, the charity continues to experience increased numbers of people approaching us for help. It recently received a Coronavirus Phase 3 grant from the Two Ridings Community Foundation to support ongoing costs: recognising the vital nature of the charity in the continued support of vulnerable people in York.

The Board of Trustees remain extremely thankful to the staff team for their hard work and dedication since the start of the pandemic. The trustees acknowledge that they have shown flexibility and resilience in how they responded to the ongoing crisis; including how they remained focused on meeting the needs of the people we serve.

How our activities deliver public benefit

Peasholme Charity’s principal activities are to provide services for disadvantaged and socially excluded people in York; to prevent those in danger of losing their tenancies, from becoming homeless and, for those who have become homeless, to help them settle back into accommodation in a sustainable way.

We have referred to the Charity Commission's guidance on public benefit when undertaking review and planning future activities.

Who uses and benefits from our services?

Our objects outline boundaries for service delivery to the residents of the City of York

Peasholme Charity aims to be accessible to anyone in housing need and therefore does not operate any excluding eligibility criteria. Our services are primarily accessed by those presenting with multiple complex needs who need additional support to access mainstream services, including mental health and substance misuse services, and / or statutory services.

5

THE PEASHOLME CENTRE YORK REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31[st] MARCH 2021

OBJECTIVES AND ACTIVITIES - CONTINUED

We aim to meet people at their point of need; facilitating self-referral and family signposting, home visits, working within community venues and specialist service providers to remain accessible, reduce barriers to engagement and reach those most in need.

FINANCIAL REVIEW

The charity has been able to fulfil all its commitments and submits a satisfactory financial report.

Principal Funding Sources

The charity was funded through a mix of multiple year and small grants, local authority contracts and donations, this totalled £149,330.

Peasholme Charity is a small charity that relies on the support of local churches, organisations and our individual donors, we are very grateful for their loyalty and continued support.

FUTURE PLANS

The charity will secure sufficient funds to continue the development and delivery of current services.

It will continue to assess its’ response to the Covid-19 pandemic; aiming to continue to work flexibly so it meets the changing needs of those negatively impacted by the pandemic in York.

The charity will review its business plan focusing on the following key areas:

  1. Continue to develop working partnerships that enable the charity to reach vulnerable and multiply excluded in York.

  2. Develop sustainability plans, and succession plans for key roles, to ensure the future of the charity.

  3. Funding – develop multiple year funding streams that can sustain existing services and develop new areas of work.

6

THE PEASHOLME CENTRE YORK REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31[st] MARCH 2021

REFERENCE AND ADMINISTRATIVE DETAILS

A Registered Charity – number 701265

REFERENCE AND ADMINISTRATIVE DETAILS REFERENCE AND ADMINISTRATIVE DETAILS
A Registered Charity – number 701265
A Company Limited by Guarantee – number 2280503
Registered Name: The Peasholme Centre, York
Working Name: Peasholme Charity
Registered Office: 25, Micklegate
York, YO1 6JH
Operational Address: 25, Micklegate
York, YO1 6JH
Directors and Trustees: Mrs Kate Spencer (Chair)
Mr Richard Parker (Treasurer)
Mr Jonathon Morley
Mr Richard Dixon
Charity Manager: Ms Yvonne Morrissey
Bankers: CAF Bank Limited
25 Kings Hill Avenue
Kings Hill, West Maling
Kent ME19 4JQ
Independent Examiner: Sarah Wearing
HPH, Chartered Accountants
54, Bootham
York, YO30 7XZ

7

THE PEASHOLME CENTRE YORK REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31[st] MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charitable Company is limited by guarantee and itself and its officers are governed by the Memorandum and Articles of Association dated 26 July 1988. The Company received charitable status on 8 March 1989. In the event of the Company being wound up members are required to contribute an amount not exceeding £1.

Organisational Structure

The Directors and Trustees are known collectively as the Board and they meet a minimum of 6 times a year to administer the Charitable Company, setting and monitoring the strategic direction of the Charity.

The Charity Manager and the Treasurer meet and monitor income and expenditure against the agreed annual budget, reporting to the Board.

The Charity Manager, Yvonne Morrissey, is delegated by the Trustees to manage the operations of the Charity. The Charity Manager is responsible for ensuring that the organisation delivers the services specified in the contracts that the Charity has entered and that performance indicators are met, including performance against budget.

The Charity Manager also attends Board meetings but has no voting rights. The Charity Manager is responsible for the day-to-day operational management of the Charity's projects, including staff supervision and the continued development of skills and working practices in line with good practice.

Members of the Board

Members of the Board, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on the reference and administrative section of this report.

Recruitment and Appointment of Board

Under the requirements of the Memorandum and Articles of Association the Members of the Board are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting. New Directors/Trustees are appointed by the Trustees.

Training of Directors/Trustees

All Trustees are expected to be familiar with the objectives of the Charity, the practical work of the Charity, the financial position of the Charity and the obligations of Trustees.

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THE PEASHOLME CENTRE YORK REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31[st] MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT – CONTINUED

Trustees are appointed based on their experience in other fields and their commitment to the objectives of the Charity. New Trustees are familiarised with the work of the organisation by the Charity Manager and visits to the Charity’s projects. They are also provided with information on their obligations as Charity Trustees. All Trustees meet the expectations outlined above.

Risk Management

The Trustees have conducted a comprehensive risk management review; examining the principal areas of the Charitable Company’s operations and considering the major risks which may arise in the following areas:

  1. Financial Resilience

  2. People

  3. Reputation

  4. Governance

  5. Technology

  6. Partnerships and Competition

In their opinion the Charitable Company has established resources and reviewed systems, which under normal conditions should allow the risks identified by it to be mitigated to an acceptable level in its dayto-day operations.

Policies and procedures to ensure the health and safety of staff, volunteers and visitors to the Charity’s premises have been reviewed and revised. Controls and procedures are in place for the authorisation of all transactions and projects.

The continued fulfilment of the objects of the Charitable Company remains dependent upon the continuation of an acceptable level of funding. Trustees have identified the risk to the Charity in this area and are working with the Charity Manager to ensure sufficient funding levels are achieved.

Investment Policy

Under the Memorandum and Articles of Association, the Charitable Company has the power to make any investments which the Trustees see fit.

Peasholme Charity holds an instant access high interest account with its bankers to maximise its income.

Reserves Policy

The Board has reviewed its reserves policy and has examined the Charity’s requirements for reserves in the light of the main risks to the organisation.

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THE PEASHOLME CENTRE YORK REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31[st] MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT – CONTINUED

The charity aims to hold unrestricted reserves at 30% of income in order to achieve the following aims:

  1. to support the costs of winding down the charity, including meeting the costs of staff redundancies and contract liabilities.

  2. to ensure sufficient cash is available to meet the costs of running the charity, including managing any gaps between funding and activity.

There are sufficient unrestricted and designated funds to continue with its plans over the next year. The unrestricted reserve increased during the financial year to £36,840. The Trustees consider this to be a satisfactory level in the short term.

Restricted funds totalling £42,651 were held at the end of the year. This is made up of funds to provide bond money for clients to secure tenancies, and to support service delivery over the coming years.

Responsibilities of the Board

Company and charity law require the directors and trustees respectively to prepare financial statements which give a true and fair view of the Charitable Company's state of affairs at the end of the year and of its financial activities for that year.

In preparing those financial statements the directors and trustees are required to:

The Directors and Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charitable Company and to enable them to ensure that the financial statements comply with the Companies Act 2006 and applicable charity law.

They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

Provision of Information to the Independent Examiner

So far as the Directors and Trustees are aware, there is no relevant information of which the Charitable Company's Independent Examiner is unaware and we have taken all the steps that we ought to have taken as Directors/Trustees to make ourselves aware of any relevant information and to establish that the Charitable Company's Independent Examiner is aware of that information.

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THE PEASHOLME CENTRE YORK REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31[st] MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT – CONTINUED

Independent Examiner

S B Wearing of HPH, Chartered Accountants was re-appointed as the Charitable Company’s independent examiner during the year and has expressed his willingness to continue in that capacity.

Exemption

This report has been prepared in accordance with the small companies’ regime under the Companies Act 2006.

Approved by the Board on the 11[th] January 2022 and signed on its behalf by:

Mrs Kate Spencer Chair

11

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE PEASHOLME CENTRE YORK

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

This report is made solely to the charitable company’s trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the charitable company’s trustees as a body in accordance with section 154 of the Charities Act 2011. My independent examiner’s work has been undertaken so that I might state to the charitable company’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members as a body and the charitable company’s trustees as a body for my independent examiner’s work, for this report, or for the opinions I have formed.

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

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  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)].

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.

Sarah Wearing, FCA, DChA HPH, Chartered Accountants 54, Bootham, York, YO30 7XZ

12

THE PEASHOLME CENTRE YORK

STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

Notes
Income
Donations and legacies
3
Income from charitable activities
4
Investment income
5
Total income
Expenditure
Charitable activities
6
Total expenditure
Net income/(expenditure) for the year
2
Transfers between funds
11 & 12
Net movement in funds
Funds brought forward at
1 April 2020
Funds carried forward at
31 March 2021
11 & 12		 Unrestricted
Funds
£
7,296
-
46
7,342
-
-
7,342
(1,617)
5,725
31,115
£ 36,840		 Restricted
Funds
£
-
141,988
-
141,988
137,900		 Total
31 March
2021
£
7,296
141,988
46
149,330
137,900
137,900
11,430
-
11,430
68,061
£ 79,491		 Total
31 March
2020
£
15,110
66,410
104
81,624
102,867
137,900
4,088
1,617
5,705
36,946
£ 42,651		 102,867
(21,243)
-
(21,243)
89,304
£ 68,061

None of the Charitable Company's activities were acquired or discontinued during the accounting period. The Charitable Company has no recognised surpluses or deficits other than the surplus or deficit shown above.

The notes on pages 15 to 23 form part of these financial statements.

13

THE PEASHOLME CENTRE YORK

(Company Number: 02280503)

BALANCE SHEET AT 31 MARCH 2021

Notes
Fixed assets
Tangible fixed assets
8
Debtors
9
Cash at bank and in hand
Creditors : amounts falling due
within one year
10
Net current assets
Total assets less current liabilities
Net assets
Represented by:
Unrestricted fund:
General funds
11
Designated funds
11
Restricted funds
12
Total Funds
13
Current assets		 Unrestricted
funds
£
-
-
2,725
60,797
63,522
26,682
36,840
36,840
£ 36,840
36,840
-
36,840
-
£ 36,840		 Restricted
funds
£
-
-
7,500
35,151
42,651
-
42,651
42,651
£ 42,651
-
-
-
42,651
£ 42,651		 Total
2021
£
-
-
10,225
95,948
106,173
26,682
79,491
79,491
£ 79,491
36,840
-
36,840
42,651
£ 79,491		 Total
2020
£
-
-
2,257
69,770
72,027
3,966
68,061
68,061
£ 68,061
31,115
-
31,115
36,946
£ 68,061

For the year ended 31 March 2021, the charitable company was entitled to exemption from an audit under section 477 of the Companies Act 2006.

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

The directors/trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

Approved by the Trustees on 11 January 2022 and signed on their behalf by:

……………………………………. …………………………………… Mrs Kate Spencer Mr Richard Parker Chair Trustee

The notes on pages 15 to 23 form part of these financial statements.

14

THE PEASHOLME CENTRE YORK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation

The financial statements have been prepared in accordance with 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), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Peasholme Centre York meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). The financial statements are prepared in sterling which is the functional currency of the charitable company.

The charitable company is a private company limited by guarantee, incorporated in England. The address of the registered office is: 25 Micklegate, York, YO1 6JH.

b) Preparation of the accounts on a going concern basis

The directors/trustees have a reasonable expectation that the charity has adequate resources to continue in existence for the foreseeable future. They continue to believe the going concern basis of accounting is appropriate in preparing the financial statements.

c) Income recognition

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

d) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Costs of charitable activities include those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. Costs relating to a particular activity are allocated directly; others are apportioned on an appropriate basis as set out in note 6.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's activities. These costs have been allocated to expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 6.

15

THE PEASHOLME CENTRE YORK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES (continued)

e) Fund accounting

Restricted funds are funds which are used in accordance with specific restrictions imposed by donors.

Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are funds set aside by trustees out of unrestricted general funds for specific future purposes or projects.

f) Tangible fixed assets and depreciation

Tangible fixed assets are included in the financial statements at their historical cost (in the case of donated assets, at their fair value at the date of acquisition).

Depreciation of tangible fixed assets is provided at the following annual rates in order to write off each asset over its estimated useful life:

Office equipment, fixtures and fittings over 4 years Computer equipment over 3 years

g) Pension scheme

The charity pays defined contributions into personal pension plans for its employees. The assets of the schemes are held separately from those of the charity. Pension costs are charged in the Statement of Financial Activities and represent the contributions payable by the charity in the year.

h) Operating leases

Rentals payable under operating leases are charged on as straight line basis over the lease term.

i) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

j) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

k) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

l) Financial instruments

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

16

THE PEASHOLME CENTRE YORK

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

2.
NET INCOME/EXPENDITURE FOR THE YEAR
2021
after charging:
£
Independent Examiner's remuneration:
Statutory accounts examination
2,520
Unrestricted
Restricted
Total
funds
funds
2021
£
£
£
3.
DONATIONS AND LEGACIES
Donations and covenants
7,296
-
7,296
In 2020, no income from donations and covenants related to restricted funds.
Unrestricted
Restricted
Total
funds
funds
2021
£
£
£
4.
INCOME FROM CHARITABLE ACTIVITIES
Grants from Government and
public bodies
-
141,988
141,988
In 2020 income from charitable activities amounting to £66,410 related to restricted funds.
Unrestricted
Restricted
Total
funds
funds
2021
£
£
£
5.
INVESTMENT INCOME
Bank interest receivable
46
-
46
Net income/expenditure for the year is stated		 2020
£
2,520
Total
2020
£
15,110
Total
2020
£
66,410
Total
2020
£
104

In 2020 no investment income related to restricted funds.

17

THE PEASHOLME CENTRE YORK

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

Basis of
Restricted
allocation
funds
£
£
6.
EXPENDITURE ON CHARITABLE ACTIVITIES
Costs directly allocated to activities
Staff costs
direct
71,524
Training and recruitment
direct
1,740
Other property expenses
direct
1,132
Other operating expenses
direct
8,105
Depreciation
direct
-
Support and governance costs allocated to activities
Staff costs
staff time
40,567
Training and recruitment
usage
195
General office costs
usage
7,573
Insurance
usage
1,190
Service costs
usage
3,197
Legal and professional
usage
-
Examination and accountancy fees
usage
2,610
Bank charges
usage
69
£ 137,900		 Unrestricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
£ -		 Total
2021
£
71,524
1,740
1,132
8,105
-
40,567
195
7,573
1,190
3,197
-
2,610
69
£ 137,900		 Total
2020
£
62,450
1,126
279
9,540
-
16,050
-
5,789
1,027
3,187
826
2,533
60
£ 102,867

In 2020, expenditure on charitable activities amounting to £102,867 related to restricted funds.

18

THE PEASHOLME CENTRE YORK

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

7. EMPLOYEE INFORMATION

The aggregate payroll costs of the charity for the year were as follows:

The aggregate payroll costs of the charity for the year were as follows:
Salaries
Employer's National Insurance
Employer's pension contributions		 2021
£
104,910
4,532
2,649
£ 112,091		 2020
£
74,818
1,292
2,390
£ 78,500

The average number of employees during the year was 6 (2020- 6). During the year no employees were paid emoluments amounting to £60,000 or more.

The key management personnel of the charity comprise the trustees. The total employee benefits of the key management personnel of the charity were £nil (2020 - £nil).

8. FIXED ASSETS

Cost
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for year
Disposals
At 31 March 2021
Net Book Value
At 31 March 2021
At 31 March 2020		 Unrestricted
Restricted
funds
funds
Total
£
£
£
1,410
33,411
34,821
-
-
-
-
-
-
1,410
33,411
34,821
1,410
33,411
34,821
-
-
-
-
-
-
1,410
33,411
34,821
£ -
£ -
£ -
£ -
£ -
£ -
Office equipment, fittings & furniture		 Unrestricted
Restricted
funds
funds
Total
£
£
£
1,410
33,411
34,821
-
-
-
-
-
-
1,410
33,411
34,821
1,410
33,411
34,821
-
-
-
-
-
-
1,410
33,411
34,821
£ -
£ -
£ -
£ -
£ -
£ -
Office equipment, fittings & furniture
34,821
34,821
-
-
34,821
£ -
£ -

All Fixed Assets are used in the furtherance of the Charity's objects.

19

THE PEASHOLME CENTRE YORK

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

9.
DEBTORS
Prepayments
Accrued income
10. CREDITORS, falling due within one year
Trade creditors
Taxes and social security
Accrued expenditure
In 2020, no Creditors related to restricted funds.
11. UNRESTRICTED FUNDS
Current year
Balance at 1 April 2020
Income
Expenditure
Transfers between funds
Balance at 31 March 2021
Comparative year
Balance at 1 April 2019
Income
Expenditure
Transfers between funds
Balance at 31 March 2020
In 2020, no Debtors related to restricted funds.		 Unrestricted
Restricted
Total
funds
funds
2021
£
£
£
2,604
-
2,604
121
7,500
7,621
£ 2,725
£ 7,500
£ 10,225
Unrestricted
Restricted
Total
funds
funds
2021
£
£
£
117
-
117
1,825
-
1,825
24,740
-
24,740
£ 26,682
£ -
£ 26,682
Fundraising
PRC
General fund
£
£
£
-
-
31,115
-
-
7,342
-
-
-
-
-
(1,617)
£ -
£ -
£ 36,840
Fundraising
PRC
General fund
£
£
£
-
-
32,627
-
-
15,214
-
-
-
-
-
(16,726)
£ -
£ -
£ 31,115
Designated funds		 Total
2020
£
2,099
158
£ 2,257
Total
2020
£
232
1,081
2,653
£ 3,966
Total
£
31,115
7,342
-
(1,617)
£ 36,840
Total
£
32,627
15,214
-
(16,726)
£ 31,115

The General fund represents the free funds of the Charitable Company which are not designated for a particular purpose.

20

THE PEASHOLME CENTRE YORK

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

12. RESTRICTED FUNDS

RESTRICTED FUNDS
Building
Current year Restricted Next Surviving My Money. Bond Better Hub Hub Community Covid Hardship
Donations Steps Winter My Life… Money Opportunities Consultancy Admin Coordinator Premises _Fundraiser _ Advice Service Fund Fund Total
£ £ £ £ £ £ £ £ £ £ £ £ £ £
Balance at 1 April 2020 877 9,333 145 (2,497) 538 - - - 21,589 2,638 4,323 - - - 36,946
Transfer from General Fund - 1,080 - 1,080 - - - 1,083 - (4,323) 1,080 1,617 - 1,617
Income 4,004 33,604 - 38,803 - - - - 25,618 - - 35,643 2,500 1,816 141,988
Expenditure (2,747) (27,587) (145) (35,183) - - - - (34,482) - - (32,776) (4,117) (863) (137,900)
Balance at 31 March 2021 £ 2,134 £ 16,430 £ - £ 2,203 £ 538 £ - £ - £ - £ 13,808 £ 2,638 £ - £ 3,947 £ - £ 953 £ 42,651
Building
Comparative year Restricted Next Surviving My Money. Bond Better Hub Hub Community Covid Hardship
Donations Steps Winter My Life… Money Opportunities Consultancy Admin Coordinator Premises _Fundraiser _ Advice Service Fund Fund Total
£ £ £ £ £ £ £ £ £ £ £ £ £ £ £
Balance at 1 April 2019 442 34,790 - (72) 1,013 1 - 1,028 19,475 - - - - - 56,677
Transfer from General Fund - - - 5,065 - (1) - 7,947 - - - 3,715 - - 16,726
Income 1,842 3,200 200 20,271 - - 4,500 - 15,698 3,200 7,180 10,319 - - 66,410
Expenditure (1,407) (28,657) (55) (27,761) (475) - (4,500) (8,975) (13,584) (562) (2,857) (14,034) - - (102,867)
Balance at 31 March 2020 £ 877 £ 9,333 £ 145 £ (2,497) £ 538 £ - £ - £ - £ 21,589 £ 2,638 £ 4,323 £ - £ - £ - £ 36,946

Restricted donations

Smaller donations expressly given for a defined purpose.

Next Steps

Funds for outreach service for rough sleepers.

Surviving Winter

Providing financial and practical support to clients over the winter months.

My Money. My Life… Funds for the delivery of a financial capability supported learning project.

Bond Money

Money to enable deposits to be paid to landlords in order to secure tenancies for clients.

Building Better Opportunities Funds to help tackle poverty and social exclusion.

Consultancy

Designated funds to support Hub development activities.

Admin

Funding to employ part time assistance for bookkeeping and general administration.

Hub Coordinator and Hub Premises

Funds for the delivery of the Homeless Hub project.

Fundraiser

Funds to employ a part time fundraiser.

Community Advice Service

Funds for the delivery of support activities via the Community Advice Service.

Covid 19

Providing financial and practical support to clients afected oved the winter by COVID

Hardship Fund

Providing relief to people impacted by poverty, including food, utilities and other practical suport.

21

THE PEASHOLME CENTRE YORK

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS

31 March 2021
General fund
Designated funds
Restricted funds
31 March 2020
General fund
Designated funds
Restricted funds		 Tangible fixed
assets
£
-
-
-
£ -
Tangible fixed
assets
£
-
-
-
£ -		 Current
assets
£
63,522
-
42,651
£ 106,173
Current
assets
£
35,081
-
36,946
£ 72,027		 Current
liabilities
£
(26,682)
-
-
£ (26,682)
Current
liabilities
£
(3,966)
-
-
£ (3,966)		 Total
£
36,840
-
42,651
£ 79,491
Total
£
31,115
-
36,946
£ 68,061

14. PENSION ARRANGEMENTS

The Charity operates a defined money purchase scheme for the benefit of specific employees.

15. TRANSACTIONS WITH TRUSTEES, CONNECTED PERSONS AND RELATED PARTIES

The Directors/Trustees of the Charity do not receive any remuneration or benefits by virtue of being a Director/Trustee and were not reimbursed for any expenses (2020 - £nil).

There were no related party transactions in the year (2020 - £nil).

16. TAXATION

As a registered charity, The Peasholme Centre York is exempt from the tax on income and gains falling within sections 466 to 493 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Company.

22

THE PEASHOLME CENTRE YORK

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

17. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

Income
Donations and legacies
Income from charitable activities
Income from other trading activities
Investment income
Total income
Expenditure
Charitable activities
Total expenditure
Net income/(expenditure)for the year
Transfers between funds
Net movement in funds
Funds brought forward at
1 April 2019
Funds carried forward at
31 March 2020		 Unrestricted
Funds
£
15,110
-
-
104
15,214
-
-
15,214
(16,726)
(1,512)
32,627
£ 31,115		 Restricted
Funds
£
-
66,410
-
-
66,410
102,867		 Total
31 March
2020
£
15,110
66,410
-
104
81,624
102,867
102,867
(21,243)
-
(21,243)
89,304
£ 68,061		 Total
31 March
2019
£
16,623
89,253
-
95
105,971
94,902
102,867
(36,457)
16,726
(19,731)
56,677
£ 36,946		 94,902
11,069
-
11,069
78,235
£ 89,304

23