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2022-03-31-accounts

Company Number 02280503

Charity Number 701265

PEASHOLME CHARITY (formerly known as 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 2022

HPH Chartered Accountants

54 Bootham YORK YO30 7XZ

PEASHOLME CHARITY

(formerly known as The Peasholme Centre York)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

CONTENTS page
Annual Report of the Directors and Trustees 1 to 9
Independent Examiner's Report 10
Statement of Financial Activities and Income and Expenditure Account 11
Balance Sheet 12
Notes to the Financial Statements 13 to 21

PEASHOLME CHARITY (formerly known as The Peasholme Centre York)

REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The Directors (who are also the Trustees of the Charitable Company 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 Charitable Company for the year ended 31 March 2022.

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 January 2019).

The Charitable Company 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.

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 – the Charitable Company defines ‘crisis’ as lacking security, shelter or an ability to sustain oneself.

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:

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

1

PEASHOLME CHARITY (formerly known as The Peasholme Centre York)

REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES - CONTINUED

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:

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 232 individuals / families were supported by the Financial Capability Coach, representing an 8% increase in the number of people accessing the service as compared to the previous year. While this is a lower increase in service uptake than previous years, the Charitable Company believes that this represents the upper limit of capacity that a single worker can carry. The evidence for this lies with longer waiting periods for initial appointments and a higher number of referrals being signposted to other advice services.

The Charitable Company continued to offer altered services because of the pandemic but restarted face-to-face drop-in activities within venues assessed as safe working environments using Covid 19 risk processes.

During the reporting period, 66 individuals were signed off the service having achieved the following positive outcomes:

2

PEASHOLME CHARITY (formerly known as The Peasholme Centre York)

REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES - CONTINUED

The Charitable Company is committed to adding resources to this service; it acknowledges that the service has reached its capacity.

The Charitable Company was approached by the York Clinical Commissioning group (CCG) to discuss a possible extension of the service to meet the needs of people with complex mental health needs.

The CCG had noticed a need for effective financial capability advice and support for this specific group who were leaving hospital with high levels of debt, difficulty accessing benefits and housing related needs. The Charitable Company was recruiting into this new position at the end of the reporting period.

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 supported 74 individuals, representing a 57% increase from the previous reporting period; the Charitable Company has maintained the increased resources within the housing team.

The service signed off 26 people during the reporting period;

The service works closely with other community partners, peer-led groups, and publicly funded services to ensure people experiencing or facing homelessness can access the right advice and support. The Housing Link Worker is present at Carecent, a breakfast club for vulnerable people, and conducts daily street walks to build good relationships with those experiencing rough sleeping.

The Charitable Company was approached by Cllr. Michael Pavlovic during the reporting period; he was looking for a charitable organisation with experience in the support of vulnerable people with complex needs to help establish a peer led project in Tang Hall Park. He proposed using part of a derelict building for a woodworking project delivered by people with a history of homelessness. The Charitable Company is currently fundraising to deliver this activity.

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.

3

PEASHOLME CHARITY (formerly known as The Peasholme Centre York)

REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES - CONTINUED

The Charitable Company continued to offer an altered service in partnership with York Foodbank, the crisis phoneline supported in-person service delivery in venues. The service helped 208 individuals / families during the reporting period: representing a 26% increase in service utilisation on the previous year.

The service continued to offer follow-up additional support activities with 158 individuals / families engaging with this element of service provision.

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, which included developing a multi-year fundraising application from the Trussell Trust which, if successful, would secure the service until 2025.

Demand for high quality advice and support continues to grow within York Foodbank, the Charitable Company is committed to ensuring sufficient resources are allocated to this project to meet the demands of the cost-of living crisis.

Covid-19 pandemic – ongoing activities and learning

The Covid-19 pandemic challenged the Charitable Company to consider its working model, including reviewing risk assessment processes and creating strategies that allowed front line decision making in real time.

The team developed assessment tools that helped decide whether ‘home visits or a remote service offer would best support people. The team used risk tools to consider safe working practises for delivery of services within community spaces. They used information sharing processes that allowed for the needs of those in crisis to be shared within the whole team.

This devolved and flexible decision-making model continues to support the team to offer highly effective good quality advice, information, and support for the increased volume of people approaching the organisation for help.

The Charitable Company increased front-line resources to meet the challenges of the pandemic; these increased resources will be maintained as the team continue to meet the challenges of the cost-of-living crisis.

The staff team work together to support each other’s wellbeing when dealing with people experiencing hardship and destitution; making effective use of staff training and external supervision.

The Board of Trustees are very proud of the work delivered by the team with the pandemic and are extremely thankful to the staff team for their hard work and dedication to meeting the needs of vulnerable people in York. 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.

4

PEASHOLME CHARITY (formerly known as The Peasholme Centre York)

REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES - CONTINUED

How our activities deliver public benefit

Peasholme Charity’s principle 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?

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.

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 Charitable Company has been able to fulfil all its commitments and submits a satisfactory financial report.

Principal Funding Sources

The Charitable Company was funded through a mix of multiple year and small grants, local authority contracts and donations, this totalled £154,265.

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 Charitable Company will secure sufficient funds to continue the development and delivery of current services.

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

  1. Develop a succession plan for the Charity Manager position, as Yvonne Morrissey has indicated to the Board that she will be leaving the organisation in 2023.

  2. Funding – develop multiple year funding streams that can sustain existing services and develop new areas of work. This will include adding capacity within existing services so they can continue to meet increased levels of need resulting from the cost-of-living crisis.

  3. Recruit new Trustees with specific skills to strengthen the Board and its ability to meet their responsibilities.

5

PEASHOLME CHARITY (formerly known as The Peasholme Centre York)

REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS
A Registered Charity – number 701265
A Company Limited by Guarantee – number 2280503
Register Name: Peasholme Charity (formerly known as 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: Kate Spencer (Chair)
Richard Parker (Treasurer until 10 May 2022)
Elain Hughes (Treasurer from 10 May 2022) – appointed 10 May 2022
Jonathon Morley
Richard Dixon
CharityManager: 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

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 Charitable Company.

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

6

PEASHOLME CHARITY (formerly known as The Peasholme Centre York)

REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT - CONTINUED

The Charity Manager, Yvonne Morrissey, is delegated by the Trustees to manage the operations of the Charitable Company. The Charity Manager is responsible for ensuring that the organisation delivers the services specified in the contracts that the Charitable Company 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 Charitable Company'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 page 6.

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 Charitable Company, the practical work of the Charitable Company, the financial position of the Charitable Company and the obligations of Trustees.

Trustees are appointed based on their experience in other fields and their commitment to the objectives of the Charitable Company’s. New Trustees are familiarised with the work of the organisation by the Charity Manager and visits to the Charitable Company’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

  2. Reputation

  3. Governance

  4. Technology

  5. 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 day-to-day operations.

7

PEASHOLME CHARITY (formerly known as The Peasholme Centre York)

REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT - CONTINUED

Policies and procedures to ensure the health and safety of staff, volunteers and visitors to the Charitable Company’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 Charitable Company 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 Charitable Company’s requirements for reserves in the light of the main risks to the organisation.

The Charitable Company 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 Charitable Company, including meeting the costs of staff redundancies and contract liabilities.

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

In the current year, this would be in the order of £39,000. The unrestricted reserve increased during the financial year to £66,422. The Trustees consider this to be a satisfactory level, higher than the target unrestricted reserves which is largely due to unrestricted grant funding received to cover into the next accounting period. There are sufficient unrestricted funds to continue with its plans over the next year.

Restricted funds totalling £15,687 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:

8

PEASHOLME CHARITY (formerly known as The Peasholme Centre York)

REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT - CONTINUED

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.

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 17 January 2023 and signed on its behalf by:

Kate Spencer Chair

9

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF PEASHOLME CHARITY (formerly known as The Peasholme Centre York)

I report to the Charity’s trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

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

17 January 2023

10

PEASHOLME CHARITY

(formerly known as The Peasholme Centre York)

STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
Notes
Funds
£
Income
Donations and legacies
3
10,849
Income from charitable activities
4
32,000
Investment income
5
17
Total income
42,866
Expenditure
Charitable activities
6
13,284
Total expenditure
13,284
Net income/(expenditure) for the year
2
29,582
Transfers between funds
11 & 12
-
Net movement in funds
29,582
Funds brought forward at
1 April 2021
36,840
Funds carried forward at
31 March 2022
11 & 12
£ 66,422		 Restricted
Funds
£
831
110,568
-
111,399
138,363		 Total
31 March
2022
£
11,680
142,568
17
154,265
151,647
151,647
2,618
-
2,618
79,491
£ 82,109		 Total
31 March
2021
£
7,296
141,988
46
149,330
137,900
138,363
(26,964)
-
(26,964)
42,651
£ 15,687		 137,900
11,430
-
11,430
68,061
£ 79,491

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 13 to 21 form part of these financial statements.

11

PEASHOLME CHARITY

(formerly known as The Peasholme Centre York)

(Company Number: 02280503)

BALANCE SHEET AT 31 MARCH 2022

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 funds
11
Restricted funds
12
Total Funds
13
Current assets		 Unrestricted
funds
£
-
-
3,429
68,568
71,997
5,575
66,422
66,422
£ 66,422
66,422
-
£ 66,422		 Restricted
funds
£
-
-
12,569
33,118
45,687
30,000
15,687
15,687
£ 15,687
-
15,687
£ 15,687		 Total
2022
£
-
-
15,998
101,686
117,684
35,575
82,109
82,109
£ 82,109
66,422
15,687
£ 82,109		 Total
2021
£
-
-
10,225
95,948
106,173
26,682
79,491
79,491
£ 79,491
36,840
42,651
£ 79,491

For the year ended 31 March 2022, 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 2022 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 17 January 2023 and signed on their behalf by:

……………………………………. …………………………………… Kate Spencer Elain Hughes Chair Trustee

The notes on pages 13 to 21 form part of these financial statements.

12

PEASHOLME CHARITY

(formerly known as The Peasholme Centre York)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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.

Peasholme Charity 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. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. 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.

13

PEASHOLME CHARITY

(formerly known as The Peasholme Centre York)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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.

14

PEASHOLME CHARITY

(formerly known as The Peasholme Centre York)

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

2. NET INCOME/EXPENDITURE FOR THE YEAR Net income/expenditure for the year is stated 2022 2021 after charging: £ £ Independent Examiner's remuneration: Statutory accounts examination 2,520 2,520

Unrestricted
Restricted
funds
funds
£
£
3.
Donations and covenants
10,849
831
In 2021, no income from donations and covenants related to restricted funds.
Unrestricted
Restricted
funds
funds
£
£
4.
Grants received
32,000
110,568
DONATIONS AND LEGACIES
INCOME FROM CHARITABLE ACTIVITIES		 Total
2022
£
11,680
Total
2022
£
142,568		 Total
2021
£
7,296
Total
2021
£
141,988

In 2021 income from charitable activities amounting to £141,988 related to restricted funds.

Unrestricted Restricted Total Total
funds funds 2022 2021
£ £ £ £
5. INVESTMENT INCOME
Bank interest receivable 17 - 17 46

In 2021 no investment income related to restricted funds.

15

PEASHOLME CHARITY

(formerly known as The Peasholme Centre York)

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

Basis of
Unrestricted
allocation
funds
£
£
6.
Costs directly allocated to activities
Staff costs
direct
-
Training and recruitment
direct
-
Other property expenses
direct
-
Other operating expenses
direct
-
Support and governance costs allocated to activities
Staff costs
staff time
8,333
Training and recruitment
usage
326
General office costs
usage
2,435
Insurance
usage
359
Service costs
usage
825
Examination and accountancy fees
usage
986
Bank charges
usage
20
£ 13,284
EXPENDITURE ON CHARITABLE ACTIVITIES		 Restricted
funds
£
90,597
235
122
9,201
23,969
984
7,344
1,083
1,778
2,974
76
£ 138,363		 Total
2022
£
90,597
235
122
9,201
32,302
1,310
9,779
1,442
2,603
3,960
96
£ 151,647		 Total
2021
£
71,524
1,740
1,131
8,105
40,567
195
7,573
1,190
3,196
2,610
69
£ 137,900

In 2021, expenditure on charitable activities amounting to £137,900 related to restricted funds.

7. EMPLOYEE INFORMATION

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

Salaries
Employer's National Insurance
Employer's pension contributions
Temporary staff		 2022
£
110,468
4,325
5,506
2,600
£ 122,899		 2021
£
104,910
4,532
2,649
-
£ 112,091

The average number of employees during the year was 6 (2021 - 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 (2021 - £nil).

16

PEASHOLME CHARITY (formerly known as The Peasholme Centre York)

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

8. FIXED ASSETS

Cost
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Charge for year
Disposals
At 31 March 2022
Net Book Value
At 31 March 2022
At 31 March 2021		 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.

9. DEBTORS

DEBTORS
Unrestricted Restricted Total Total
funds funds 2022 2021
£ £ £ £
Prepayments 2,233 - 2,233 2,604
Accrued income 558 12,569 13,127 7,621
Other debtors 638 - 638 -
£ 3,429 £ 12,569 £ 15,998 £ 10,225

17

PEASHOLME CHARITY

(formerly known as The Peasholme Centre York)

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

10. CREDITORS, falling due within one year

Unrestricted
funds
£
Trade creditors
-
Taxes and social security
2,276
Accrued expenditure
2,540
Deferred income
-
Other creditors
759
£ 5,575
In 2021, no Creditors related to restricted funds.
Deferred income - Monies received in advance
Balance at 1 April 2021
Released in the period
Deferred in the period
Balance at 31 March 2022
11. UNRESTRICTED FUNDS
Current year
Fundraising
£
Balance at 1 April 2021
-
Income
-
Expenditure
-
Transfers between funds
-
Balance at 31 March 2022
£ -
Comparative year
Fundraising
£
Balance at 1 April 2020
-
Income
-
Expenditure
-
Transfers between funds
-
Balance at 31 March 2021
£ -		 Restricted
Total
funds
2022
£
£
-
-
-
2,276
-
2,540
30,000
30,000
-
759
£ 30,000
£ 35,575
2022
£
22,000
(22,000)
30,000
30,000
PRC
General fund
£
£
-
36,840
-
42,866
-
(13,284)
-
-
£ -
£ 66,422
PRC
General fund
£
£
-
31,115
-
7,342
-
-
-
(1,617)
£ -
£ 36,840		 Total
2021
£
117
1,825
2,740
22,000
-
£ 26,682
2021
£
-
-
22,000
22,000
Total
£
36,840
42,866
(13,284)
-
£ 66,422
Total
£
31,115
7,342
-
(1,617)
£ 36,840

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

18

PEASHOLME CHARITY

(formerly known as The Peasholme Centre York)

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

12. RESTRICTED FUNDS

Current year
Balance at 1 April 2021
Income
Expenditure
Balance at 31 March 2022
Comparative year
Balance at 1 April 2020
Transfer from General Fund
Income
Expenditure
Balance at 31 March 2021		 Restricted
Donations
£
2,134
5,038
(5,311)
£ 1,861
Restricted
Donations
£
877
-
4,004
(2,747)
£ 2,134		 Next
Steps
£
16,430
18,750
(35,180)
£ -
Next
Steps
£
9,333
1,080
33,604
(27,587)
£ 16,430		 Surviving
Winter
£
-
-
-
£ -
Surviving
Winter
£
145
-
-
(145)
£ -		 My Money.
My Life…
£
2,203
39,239
(33,443)
£ 7,999
My Money.
My Life…
£
(2,497)
1,080
38,803
(35,183)
£ 2,203		 Bond
Money

£
538
-
-
£ 538
Bond
Money

£
538
-
-
-
£ 538		 Hub
Coordinator
£
13,808
18,250
(32,058)
£ -
Hub
Coordinator
£
21,589
1,083
25,618
(34,482)
£ 13,808		 Hub
Premises
2,638
-
(2,638)
£ -
Hub
Premises
£
2,638
-
-
-
£ 2,638		 Community
Fundraiser Advice Service
£
£
-
3,947
-
29,102
-
(28,250)
£ -
£ 4,799
Community
Fundraiser Advice Service
£
£
4,323
-
(4,323)
1,080
-
35,643
-
(32,776)
£ -
£ 3,947		 Covid
Fund
£
-
-
-
£ -
Covid
Fund
£
-
1,617
2,500
(4,117)
£ -		 Hardship
Fund
£
953
1,020
(1,483)
£ 490
Hardship
Fund
£
-
-
1,816
(863)
£ 953		 Total
£
42,651
111,399
(138,363)
£ 15,687
Total
£
36,946
1,617
141,988
(137,900)
£ 42,651

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.

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.

19

PEASHOLME CHARITY

(formerly known as The Peasholme Centre York)

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS

31 March 2022
General fund
Restricted funds
31 March 2021
General fund
Restricted funds		 Tangible fixed
assets
£
-
-
£ -
Tangible fixed
assets
£
-
-
£ -		 Current
assets
£
71,997
45,687
£ 117,684
Current
assets
£
63,522
42,651
£ 106,173		 Current
liabilities
£
(5,575)
(30,000)
£ (35,575)
Current
liabilities
£
(26,682)
-
£ (26,682)		 Total
£
66,422
15,687
£ 82,109
Total
£
36,840
42,651
£ 79,491

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 (2021 - £nil).

There were no related party transactions in the year (2021 - £nil).

16. TAXATION

As a registered charity, Peasholme Charity 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.

20

PEASHOLME CHARITY

(formerly known as The Peasholme Centre York)

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022

17. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

Income
Donations and legacies
Income from charitable 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 2020
Funds carried forward at
31 March 2021		 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

21