2022-03-31-accounts - St Giles Trust

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OF CONTENTS					PAGE
Foreword from Duncan Gibson	—Chair
Statement from Rob Owen OBE - Chief Executive
Report ofthe Board ofTrustees (incorporating			the	strategic report)
1. About St Giles
2. The Impact ofour work
3. Looking forward
4. Structure, governance	and key management			personnel	15
5. Public Benefit					15
6. Finance Review					16
7. Risk Management					20
B. Approach to Fundraising					22
9. Reference and administrative		details			24
10.Trustees Responsibilities					25
Independent Report ofthe Auditors					26
Statement of Financial Activities					29
Balance Sheet					30
Cash Flow Statement					31
Notes tothe Accounts					32

Our	Values
		We	will	empower our clients to lead positive lives
		We	will	give everyone a chance to make the positive change	which we believe
		they	are	capable of making
		We	will	be persistent and never give up on the people we work with
Flexibly:	Creative	We	will	work flexibly, creatively and adapt to circumstances	as they arise
		We	will	work empathically with people
		We	will	be non-judgemental and open minded
		We	will	communicate openly and honestly and do what we	say we will do

		Unrestricted Funds (E)	Restricted Funds (E) ~	Endowment Fund (E)	Total Funds (E)
Funds 8/fwd		6,228,276	2,295,761	877,806	9,401,843
Surplus/(Deficit)	for the Year	1,314,639	132	37,921	1,352,692
Funds C/fwd		7,542,915	2,295,893	915,727	10,754,535
	sRestricted funds allocated for expenditure in 2022/2023

Category		Fund					Amount	Amount
Buildings and	organisational	Buildings	and organisational				E484,200
infrastructure		infrastructure
Staff retention	and	Prison peer advisor		training		programme	E500,000
recruitment
		Digital skills and digital			tools	for staff	E	45,000
Digital support	and technology	ICT&finance software					E	119,010
infrastructure
Impact and outcome		Cost benefit/social		value impact			E	50,000
measurement		analysis
Staff Wellbeing		Staff wellbeing					E	16,095
		Match funding regional			development		E	100,000
		Managers
		Expansion	ofservices and cost of living				E	100,000
		support
Service Development,		Sustaining	Peer Circles		model		E	150,000
Susta inability	and Income
Diversification
		Employer	Engagement		Worker		E	25,000
		Total					E1,5B9,305

FOR THE YEAR ENDED 3	1MARCH 202	2
	Notes	Unrestricted	Restricted	Endowment	TOTAL	TOTAL
		Funds	Funds	Funds	2022	2021
		f		f	f	f
Income and endowment	from:
Donations		522,354	3,305,030		3,827,384	3,299,872
Legacies		200,000			200,000
Charitable activities		5,362,175	7,795,729		13,157,904	11,566,651
Trading income			92,985		92,985	38,298
Investment and other income			6,308		6,308	10,093
Endowment Fund Investment			22,552		22,552	13,184
Income
Total Income	2	6,084,529	11,222,604		17,307,133	14,928,098
~dd It
Costs of raising funds		76,112	500,844		576,956	472,202
Charitable Activities:
Youth Violence & Families	Work	1,200,631	7,206,791		8,407,422	5,931,751
Criminal Justice Activity		3,028,858	31,056		3,059,914	3,202,614
Community Empowerment			3,403,521		3,403,521	2,570,703
Other programmes			546,850		546850	540,054
Total expenditure		4,305,601	11,689,062		15,994,663	13,717,324
Net income before investment		1,778,928	(466,458)		1,312,470	1,210,774
gains/(losses)
Net gains/(losses) on		2,301		37,921	40,222	142,834
investments
Net income/expenditure		1,781,229	(466,45$)	37,921	1,352,692	1,353,608
Transfers between funds		466,590	466,590
Net movement in funds		1,314,639	132	37,921	1,352,692	1,353,608
Reconciliation of Funds
Fund balances 8/Fwd	11	6,22$,276	2,295,761	877,806	9,401,843	8,048,235
Fund balances C/Fwd		7,542,915	2,295,893	915,727	10,754,535	9,401,843

AS AT31MARCH	2022
					2022		2021
			Notes	E	E		E
FIXEDASSETS
Tangible fixed assets &Investment
Tangible fixed assets					874,886		865,096
Investm ents					959,183		918,961
					1,834,069		1,784,057
CURRENT ASSETS
Debtors			8	4,047,391		2,601,979
Cash at bank and	in hand			10,011,948		8,868,111
				14,059,339		11,470,090
CREDITORS: Amounts		falling due
within one year			9	(5,138,873)		(3,852,305)
Net Current Assets					8,920,466		7,617,786
NET ASSETS					10,754,535		9,401,843
INCOME FUNDS
Unrestricted funds:
General fund					5,035,268		3,582,781
Designated fund	- Projects				1,589,305		1,739,244
Designated fund	—Fixed Assets &
Investments including		revaluation
reserves E110,154
					918,342		906,251
Restricted Endowment		Fund			915,727		877,806
Restricted Funds					2,295,893		2,295,761
					10,754,535		9,401,843

									2022	2021
									E
Cash flows from operating activities
Net cash inflow from operating			activities						1,223,325	2,524,421
Cash flows from investing activities
Interest received									28,860	23,277
Payments to acquire fixed assets									(108,350)	(67,162)
Net cash provided	by investing		activities						(79,490)	(43,885)
									2022	2021
									6	E
Change in cash and	cash equivalent			in the reporting			period		1,143,837	2,480,764
Cash and cash equivalents at		the beginning				ofthe year			8,868,111	6,387,347
Cash and cash equivalents at		the end of			the year				10,011,948	8,868,111
Reconciliation ofnet Income/			(expenditure)			to net	cash inflow from
operating activities
									2022	2021
										E
Net income for the	reporting	period		(as	per	the Statement		of Financial
Activities)									1,312,470	1,210,774
Interest receivable									(28,860)	(23,277)
Depreciation oftangible fixed			assets						98,559	91,578
Decrease/(increase)	in debtors								(1,445,412)	(254,078)
Increase/(decrease)	in creditors								1,286,568	1,499,424
Net cash provided	by (used in)		operating		activities inflow (outflow) from				1,223,325	2,524,421
operating activities

GRANTS RECEIVABLE
Included within income ofE17,307,133are grants						of	E3,317,841as detailed		below:
										2022	2021
Funder										E	E
29th May 1961Charitable	Trust									10,000
3Ts Charitable Trust										10,000
4814Trust										45,000
Albert Hunt Trust										20,078
BBCChildren In Need - CLiC										17,411	39,956
BBCChildren in Need - COPE										27,489	74,305
BBCChildren in Need - LEDGE										50,657	25,328
BBCR4Appeal										13,415
BigYellow Self Storage										25,000	20,000
Credit Suisse EMEA Foundation										108,116	111,895
EQFoundation											15,000
Esmee Fairbairn Foundation										5,000
ExPat Foundation										154,887	76,266
Fidelity UK Foundation										201,794
French Huguenot Church	of	London		Charitable		Trust				5,000
Girdlers' Company Charitable			Trust							25,000	38,000
Grove Trust										5,000
Gwyneth Forrester Trust											25,244
Holbeck Charitable Trust											10,000
Ingram Trust										15,000
Inner London Magistrates	Court Poor Box Charity									10,000
JBVC Foundation											56,400
Jenny Agutter										5,000
Jonathan Clarke										30,000
Jongen Charitable Trust										225,000
Kensington and Chelsea Foundation										40,300	45,000
Kensington and Chelsea Foundation				-Cadogan		Estates				50,000	50,000
Lancashire Foundation										40,000	40,000
Marshall Foundation										20,717	23,783
Masonic Charitable Foundation											57,525
Minton Charitable Trust										75,000	100,000
Moondance Foundation										25,686
National Lottery Community			Fund-	Peer	Advisor		Centre	Wales		82,640	81,352
National Lottery Community			Fund							958,039	1,113,575
National Lottery Community			Fund & ESF		Building		Better	Opportunities		453,439	528,448
Nationwide Building Society			Community		Grants					44,042
Northern Trains Customer	&		Community		Interest		Fund			50,000
Quadrature Capital											100000
Ro Quicke										5,000
Severn Trent Community	Fund									66,924
St.James's Place Charitable		Foundation									75,008

Note 2:Grant Receivable	Cont'd
		2022	2021
Funder		f	f
State Street Foundation		32,306
Steel Charitable Trust		19,963
Suffolk Community Foundation			27,000
Taylor Family Foundation		25,000
Texel Foundation		10,000
The Eveson Trust		15,000
The Fidelis Foundation		50,000
The Heathside Charitable	Trust	5,000
The Insurance Industry Charity Foundation			5,000
The John Carrafiell Family	Fund		9,792
The Schroder Foundation			80,000
The Shears Foundation		5,000
The Story ofChristmas		70,000
Thomas J Horne Memorial	Trust	6,000
Trust For London			40,000
Waterloo Foundation		30,000	53,471
Worshipful Company ofCutlers		24,500	25,000
Worshipful Company ofGunmakers		5,000	12,063
Youth Futures Foundation		99,438	47,842
		3,317,841	3,007,251

	Staff			Total
	Costs	Other	Depreciation	2022
Cost ofraising funds	469,331	104,630	2,995	576,956
Charitable activities:
Youth Violence & Families Work	6,396,931	1,953,594	56,897	8,407,422
Criminal Justice Activity	1,903,854	1,137,513	18,547	3,059,914
Community Empowerment	2,435,610	948,420	19,491	3,403,521
Other (including RLS)	349,986	196,235	629	546,850
	11,555,712	4,340,392	98,559	15,994,663
COMPARATIVE FIGURES 2021 BELOW:
	Staff			Total
	Costs	Other	Depreciation	2021
		E	E
Cost ofraising funds	377,334	92,523	2,345	472,202
Charitable activities:
Youth Violence & Families Work	5,570,036	1,300,207	61,508	6,931,751
Criminal Justice Activity	2,566,385	624,685	11,544	3,202,614
Community Empowerment	2,017,140	538,654	14,909	2,570,703
Other (including RLS)	87,281	451,501	1,272	540,054
	10,618,176	3,007,570	91,578	13,717,324

		Direct	Support	Total
		Costs	Costs	2022
		f	f	f
Costof raisingfunds		526,023	50,933	576,956
Charitable activities:
Youth Violence	& Families Work	7,444,089	963,333	8,407,422
Criminal Justice	Activity	2,691,456	368,458	3,059,914
Community Empowerment		3,050,392	353,129	3,403,521
Other (including	RLS)	532,912	13,938	546,850
		14,244,872	1,749,791	15,994,663
COMPARATIVE	FIGURES 2021BELOW:
		Direct	Support	Total
		Costs	Costs	2021
		f	f
Cost of raising	funds	435,431	36,771	472,202
Charitable activities:
Youth Violence	& Families Work	6,162,369	769,382	6,931,751
Criminal Justice	Activity	2,741,027	461,587	3,202,614
Community Empowerment		2,296,394	274,309	2,570,703
Other (including	RLS)	524,180	15,874	540,054
		12,159,401	1,557,923	13,717,324

	Directorate,	Finance, HR	Other Central	Other Central
	and IT		Services	Cost	Total 2022
		f	f		f
Cost of raising	funds	32,728		18,205	50,933
Charitable activities:
Youth Violence	& Families	213,376		749,957	963,333
Criminal Justice	Activity	86,036		282,422	368,458
Community Empowerment		43,651		309,478	353,129
Other (including	RLS)	4,964		8,974	13,938
		380,755	1,369,036		1,749,791
COMPARATIVE	FIGURES 2021BELOW'.
	Directorate,	Finance, HR	Other Central
	and IT		Services	Cost	Total 2021
		f	f		f
Cost of raising	funds	23,405		13,366	36,771
Charitable activities:
Youth Violence	& Families	251,047		518,335	769,382
Criminal Justice	Activity	138,241		323,346	461,587
Community Empowerment		36,317		237,992	274,309
Other (including	RLS)	4,390		11,484	15,874
		453,400	1,104,523		1,557,923

4.STAFF COSTS
				2022		2021
				E		E
Wages and Salaries				10,222,	192	9,389,218
SocialSecurity Costs				935,973		863,190
Pension Costs (note 10)				388,436		354,704
Redundancy costs				9,111		11,064
				11,555,712		10,618,176
The average number ofemployees,	analysed		by function was:		No.		No.
Youth Violence &Families Work					181		199
Criminal Justice Activity					59		37
Community Empowerment					62		59
Fundraising and publicity					10		8
Management, others and administration		ofthe Charity			50		39
				362
The comparative FTE'sfor 2020/21	have	been resated to reflect the		new categorisation	ofStGiles Trust		activities.
*The number ofstaff earning above	E60,000per annum are:				No.		No.
Band
E60,001-E70,000
E70,001—E80,000
E80,001-E90,000
E90,001-E100,000
Above E100,001

. TANGIBLE FI	XEDASSETS
		Freehold,	Land &	Furniture and	Motor Vehicles	Total
		Buildings		Fittings
		E		E	E
At 1April 2021		1,190,511		746,934		1,937,445
Additions				108,350		108,350
Balance at 31March 2022		1,190,511		855,284		2,045,795
DEPRECIATION
At 1April 2021			479,549	592,801		1,072,350
Charge for the	year		21,205	77,354		98,559
Balance at 31March 2022			500,754	670,155		1,170,909
NET BOOK VALUE
	31March 2022		689,757	185,129		874,886
	31March 2021		710,962	154,134		865,096

			2022		2021
			f		E
Market value	at 1April 2021			918,961	776,127
Net unrealised	gains/(losses)	on revaluation		40 222	142,834
At 31March 2022				E959,183	918,961
Historical cost	at 31March 2022			E849,029	849,029

							2022	2021
							E	E
Trade Debtors							2,839,133	1,671,979
Prepayments	&	Accrued	Income				1,162,629	887,796
Other Debtors							45,629	42,204
							f4,047,391	2,601,979
CREDITORS
							2022	2021
							E	f
Oue Within 1Year
Grants received		in advance					3,665,056	2,908,361
Trade creditors							705,984	344,782
Taxes &Social	Security						225,931	229,778
Other creditors							20,332	10,107
Accruals							521,570	359,048
							E5,138,873	3,852,076
							2022	2021
							E	E
Reconciliation	ofgrants		received		in	advance
Grants received		in advance		brought		forward	2,908,361	1,520,551
Amount released		during	the	year			(2,472,613)	(1,494,948)
Amount deferred		during	the year				3,229,308	2,882,758
Grants received		in advance					3,665,056	2,908,361

11a.ANALYSIS	OF NET ASSETS BETWEEN FUND	OF NET ASSETS BETWEEN FUND	OF NET ASSETS BETWEEN FUND
			Unrestricted	Restricted	Endowment	Total
			Funcls	Funds	Funds	Funds
			f	f	E	E
Fund Balances	at 31March 2022 are
represented	by:
Tangible fixed	assets		874,886			874,886
Investments			43,456		915,727	959,183
Current assets			11,763,446	2,295,893		14,059,339
Current liabilities
Total net assets
			Fixed Assets &
			Investments	General	Designated	Restricted	Endowment	Total
			Fund	Fund	Funds	Funds	Funds	Funds
			E	E	f	f	f	f
Fund Balances		8/fwd	906,251	3,582,781	1,739,244	2,295,761	877,806	9,401,843
Income				6,084,529		11,222,604		17,307,133
Expenditure				(4,155,662)	(149,939)	(11,689,062)		(15,994,663)
Gains/(Losses) Investments		on	2,301				37,921	40,222
			908,552	5,511,648	1,589,305	1,829,303	915,727	10,754,535
Transfers
Shortfall on restricted funding made good				(466,590)		466,590
Change in fixed		assets
Total net assets			9	0
Comparative	Analysis of		Net Assets Between	Funds 2021
			Unrestricted	Restricted	Endowment	Total
			Funds E	Funds E	Funds f	Fundsf
Fund Balances	at 31March 2021are
represented	by:
Tangiblefixed	assets		865,096			865,096
Investments			41,155		877,806	918,961
Current assets			9,174,101	2,295,761		11,469,862
Current liabilities
Total net assets						0
			Fixed Assets &
			Investments	General	Designated	Restricted	Endowment	Total
			Fundf	Fundf	Funds E	Funds E	Funds E	Funds E
Fund Balances	8/fwd		921,583	3,364,671	745,000	2,272,925	744,056	8,048,235
Income				4,062,941	1,062,940	9,802,217		14,928,098
Expenditure				(3,869,247)	(68,696)	(9,779,381)		(13,717,324)
Gains/(Losses)		on
Investments								142,834
			930,667	3,558,365	1,739,244	2,295,761	877,806	9,401,843
Change in fixed		assets
Total net assets			0

11b. ANALYSIS OF M Restricted Funds	OV	EMENTS	IN RESTRICTED	, DESIGNATED	AND ENDOWM	ENT FUND'
			Total 8/fwd f	Income f	Expenditure f	Transfer f	C/fwdf
Youth Violence &Families		Work	824,768	6,858,688	7,206,791		476,665
Criminal Justice Activity			180,302	676,618	31,056		825,864
Community Empowerment			783,366	3,344,823	3,403,521		724,668
Other Programmes			507,325	342,475	1,047,694	466,590	268,696
Total net assets			2,295,761	11,222,604	11,689,062	466,590	2,295,893
Designated Fund - Projects
			Total 8/fwd	Income	Expenditure	Transfer	C/fwd
Buildings &organisational			1,000,000		(15,800)		984,200
infrastructure
Infrastructure WFH
COVID -19
Digital Training			50,000				50,000
ICT&Finance software			150,000		(30,990)		119,010
Client information & resource
platform			45,000				45,000
Staff wellbeing			19,244		(3,149)		16,095
Match funding regional development			100,000				100,000
Expansion ofpreventative		services	100,000				100,000
Match funding spot purchasing			150,000				150,000
Custody prison advisor	project		100,000		(100,000)
Employer Engagement	Worker		25,000				25,000
Developing a3year strategy
			1739244		(149,939)		1589305
			Total 8/fwd	Income/	Expenditure/
				Investment	Investment	C/fwd
Endowment Fund				Gain f	Losses f
Royal London Society Endowment
Fund			877,806	37,921		915,727
Total			877,806	37,921		915,727

COMPARATIVE ANALYSIS	COMPARATIVE ANALYSIS	OF MOVEMENTS	IN RESTRICTED, DESIGNATED AND ENDOWMENT FUND	IN RESTRICTED, DESIGNATED AND ENDOWMENT FUND	IN RESTRICTED, DESIGNATED AND ENDOWMENT FUND	IN RESTRICTED, DESIGNATED AND ENDOWMENT FUND	2021
Restricted Funds
		Total	8/fwd f	Income f	Expenditure f	Transfer f	C/fwd E
Youth Violence & Families		Work	815,257	5,783,365	5,773,854		824,768
Criminal Justice Activity			178,302	176,065	174,065		180,302
Community Empowerment			779,366	2,739,242	2,735,242		783,366
Other Programmes			500,000	1,103,545	1,096,220		507,325
Tota I net assets		2,272,925		9,802,217	9,779,381		2,295,761
Designated Fund - Projects
		Total 8/fwd		Income	Expenditure	Transfer	C/fwd
Buildings &organisational infrastructure			150,000	837,940	(7,940)	20,000	1,000,000
Infrastructure WFH			50,000		29,092	(20,908)
COVID -19			100,000			(100,000)
Digital Training			100,000			(50,000)	50,000
ICT& Finance software			150,000				150,000
Client information &resource platform			45,000				45,000
Staff wellbeing			50,000		(31,664)	908	19,244
Match funding regional						100,000	100,000
development
Expansion ofpreventative		services		100,000			100,000
Match funding spot purchasing						150,000	150,000
Custody prison advisor	project			100,000			100,000
Employer Engagement	Worker			25,000			25,000
Developing a 3year strategy			100,000			(100,000)
			745,000	1,062,940	(68,696)	0	1,739,244
		Total	8/fwd	Income/	Expenditure/
				Investment	Investment	C/fwd
Endowment Fund				Gain	Losses f
Royal London Society Endowment
Fund			744,056	133,750		877,806
Total			744,056	133,750		877,806

		Notes	Unrestricted	Restricted	Endowment	TOTAL	TOTAL
			Funds	Funds	Funds	2021	2020
			f	f	f	f	f
Income and endowment	from:
Donations			496,584	2,803,288		3,299,872	4,562,018
Legacies
Charitable activities			4,629,297	6,937,354		11,566,651	10,459,667
Trading Income				38,298		38,298	38,298
Investment and other income				10,093		10,093	10,093
Endowment Fund Investment
Income
Total Income		2	5,125,881	9,802,217		14,928,098	15,312,354
~Ed1
Costs of raising funds			69,269	402,933		472,202	411,583
Charitable Activities:
Youth Violence 83 Families	Work		840,125	6,091,626		6,931,751	6,259,862
Criminal Justice Activity			3,028,549	174,065		3,202,614	4,130,460
Community Empowerment				2,570,703		2,570,703	2,426,044
Other programmes				540 054		540 054	~1597
Total expenditure			3,937,943	9,779,380		13717313	13319549
Net income before investment			1,187,938	22,836		1,210,774	1,992,808
RaIns/(losses)
Net gains/(losses) on			9,084		133,750	142,834	(93,497)
investments
Net income/expenditure			1,197,022	22,836	133,750	1,353,608	1,899,311
Transfers between funds Net movement In funds			1,197,022	22,836	133,750	1,353,6081,899,311
Reconciliation of Funds
Fund balances 8/Fwd		11	5031254	2 272 925	744056	8048235	6148924
Fund balances C/Fwd			6,228,276	2,295,761	877,806	9,401,843	8,048,235