2023-03-31-accounts - St Giles Trust

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Foreword from Duncan Gibson —Chair	Foreword from Duncan Gibson —Chair
Statement from Tracey Burley	- Chief Executive
Report ofthe Board ofTrustees (incorporating		the	strategic report)
1. About St Giles Trust
2. The Impact of our work
3. Looking forward				12
4. Structure, governance	and key management		personnel	13
S. Public Benefit				13
6. Finance Review				14
7. Risk Management				17
8. Approach to Fundraising				20
9. Reference and administrative details				21
10.Trustees Responsibilities				22
Independent Report ofthe Auditors				23
Statement of Financial Activities				27
Balance Sheet				28
Cash Flow Statement				29
Notes to the Accounts				30

		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
		cl0.

		Unrestricted	Restricted	Endowment	Endowment	Total Funds
		Funds (E)	Funds (E) *	Fund	(E)	(E)
Funds 8/fwd		7,542,915	2,295,893		915,727	10,754,535
Surplus/(Deficit)	forthe Year	68,012	(967,376)		(47,439)	(946,803)
Funds C/fwd		7,610,927	1,328,517		868,288	9,807,732
	*Restricted funds allocated for expenditure in 2023/2024

Category	Category	Fund	2021-22	2021-22	2022-23	2022-23
				Expenditure	Transfer
Buildings and	organisational	Buildings and organisational	E484,200			E484,200
infrastructure		infrastructure
Staff retention	and	Prison peer advisor training	E500,000	(E34,287)		E465,713
recruitment		programme
		Digital skills and digital tools	E45,000	(E45,000)	E5,000	E5,000
		for staff
Digital support	and	ICT&finance software	E119,010	(E49,624)		E69,386
technology infrastructure
Impact an d outcome		Cost benefit/social value	E50,000	(E37,500)	(E5,000)	E7,500
measurement		impact analysis
Staff Wellbeing		Staff wellbeing	E16,095	(E16,095)
Service Development,		Match funding regional	E100,000	(E100,000)
Sustainability	and Income	development Managers
Diversification		Expansion ofservices and cost	E100,000	(E100,000)
		of living support
		Sustaining Peer Circles model	E150,000			E150,000
		Employer Engagement	E25,000	(E25,000)
		Worker
Total			E1,589,305	(E407,506)		E1,181,799

Patrons	Jenny Agutter OBE				The Rt Hon	The Lord Hogan-Howe	The Lord Hogan-Howe
	The Rt Hon The Lord Phillips ofWorth Matravers				KG PC Martin P. Griffiths
	The Rt Hon The Lord Gus		O'Donnell	GCB FBA FAcSS
Ambassadors	Christine Ohuruogou	MBE			Mark Tennant
	Freddie Fox				Sam Bailey
	Alfy Hayson				Gary Jones
	Ameeta Rowland (Resigned June 2023)				Janet Hills MBE
	Caroline Waddington				Janice Nix
Trustees	Charles Pitts-Tucker				Julie Key (nee Rice)
	Debra Cook (Appointed		Oct 2023)		Pippa Murray
	Duncan Gibson (Chair)				Preetha Ramachandran	(Resigned 16May	2022)
	Elizabeth Lad				Sally Eley
	Erica Handling				Sonia Walsh (Appt 23	May 2023, Resigned	Oct 2023)

Erica Hand	Erica Hand	Erica Hand	Erica Hand	ling					Sonia	Walsh (Appt 23 May 2023, Re	Walsh (Appt 23 May 2023, Re	Walsh (Appt 23 May 2023, Re	Walsh (Appt 23 May 2023, Re	Walsh (Appt 23 May 2023, Re	signed Oct 202	signed Oct 202	signed Oct 202
In accordance with the charity's				Articles of Association,	the members				ofthe	Board ofTrustees hold office					for a period not
exceeding three years,		at	which	point they may be re-appointed			for		up to two further terms ofthree years							and,	save in
exceptional circumstances,			Trustees shall not serve more than			a	maximum			of nine years.
Key Management	Personnel
Rob Owen OBE				Chief Executive (Resigned		March			2023)
Tracey Burley				Chief Executive (Appointed		May			2023)
Malcolm Walker				Deputy Chief Executive/Executive					Finance		Director
Andy Cross				Executive Director	ofServices
Katy Vaughan				Executive Director	Fundraising			&Communications
Stellamaris Mohammed				Executive Director	People	&Culture (Appointed						March 2023)
Senior Management		Team
Becki Navarro				Director of Service	(Regions)
Daniel Chapman				Director of London	Services
Dayo Bajomo				Director of Finance
Emilie Martin				Director of internal	Operations
Evan Jones				Director of Criminal	Exploitation				Development
Maggie Cramb				Director Skills & Employment
Maria McNicholl				Director ofTraining	&Development Manager
Nicky Park				Director of Criminal	Justice	and		Women's			Services
Registered Office &				Georgian House			Solicitors							Russell Cooke			LLP
Centre ofOperations				64-68 Camberwell Church St										2 Putney		Hill
				London SESBJB										London	SW15		6AB
Registered Auditors				Haysmacintyre LLP			Investments							Investec
				10Queen St Place										2 Gresham		St
				London EC4R 1AG										Iondon	EC2V 7QP
Bankers				Barelays Corporate										CCLA Investment
				Level 27										Management			Ltd
				1Churchill Place										Senator	House
				London E145HP										85 Victoria St
														London	EC4V 7QP
Charity Registration		No.		801355			Company			Registration			No.	2175146
Website				www. stgilestrust. org.uk

AS AT31MARCH 2023
		Notes	Unrestricted	Restricted	Endowment	TOTAL	TOTAL
			Funds	Funds	Funds	2023	2022
			E			6	E
Income and endowment	from:
Donations			1,029,364	3,957,887		4,987,251	3,827,384
Legacies							200,000
Charitable activities			3,799,870	9,853,787		13,653,657	13,157,904
Trading Income				108,925		108,925	92,985
Investment and other income				115,522		115,522	6,308
Investment income Royal	London			22,233		22,233	22,552
Society
Tot a I Income		2	4,829,234	14,058,354		18,887,588	17,307,133
~Edit
Costs ofraising funds			162,875	666,447		829,322	576,956
Charitable Activities:
Youth Violence & Families	Work		1,259,707	8,246,220		9,505,927	8,407,422
Criminal Justice Activity			3,337,171	781,666		4,118,837	3,059,914
Community Empowerment				4,752,609		4,752,609	3,403,521
Other programmes				578,788		578,788	546,850
Total expenditure		3	4,759,753	15,025,730		19,785,483	15,994,663
Net income before investment			69,481	(967,376)		(897,895)	1,312,470
eains/ilossesl
Net gains/(losses) on investments		7	(1,469)		(47,439)	(48,908)	40,222
Net income/expenditure			68,012	(967,376)	(47,439)	(946,803)	1,352,692
Transfers between funds
Net movement in funds			68E012	(967,376)	(47,439)	(946,803)	1,352,692
Reconciliation ofFunds
Fund balances 8/Fwd		11	7,542,915	2,295,893	915,727	10,754,535	9,401,843
Fund balances C/Fwd			7,610,927	1,328,517	868,288	9,807,732	10,754,535

BALANCE SHEET AS AT 31MARCH 2023				Co	mpany Number:	2175146
				2023		2022
		Notes	E	E		E
FIXED ASSETS
Tangible fixed assets &Investment
Tangible fixed assets				849,607		874,886
Investments				910,275		959,183
				1,759,882		1,834,069
CURRENT ASSETS
Debtors		8	3,110,911		4,047,391
Cash at bank and in hand			9,079,966		10,011,948
			12,190,877		14,059,339
CREDITORS: Amounts	falling due
within one year		9	(4,143,027)		(5,138,873)
Net Current Assets				8,047,850		8,920,466
NET ASSETS				9,807,732		10,754,535
INCOME FUNDS
Unrestricted funds:
General fund				5,537,534		5,035,268
Designated fund - Projects				1,181,799		1,589,305
Designated fund —Fixed Assets &
Investments including	revaluation
reserves E61,246				891,594		918,342
Restricted Endowment	Fund			868,288		915,727
Restricted Funds				1,328,517		2,295,893
				9,807,732		10,754,535

					2023	2022
					6	6
Cash flows from operating activities
Net cash inflow from operating activities					(994,534)	1,223,325
Cash flows from investing activities
Interest received					137,755	28,860
Payments to acquire fixed assets					(75,204)	(108,350)
Net cash provided by investing activities					62,551	(79,490)
					2023	2022
					6	6
Change in cash and cash equivalent	in the reporting		period		(931,982)	1,143,837
Cash and cash equivalents at the beginning		ofthe year			10,011,948	8,868,111
Cash and cash equivalents at the end ofthe year					9,079,966	10p011,948
Reconciliation ofnet income/ (expenditure) to net cash
inflow from operating activities
					2023	2022
					E	6
Net income for the reporting period	(as per the Statement			of
Fina ncia I Activities)					(897,895)	1,312,470
Interest receivable					(137,755)	(28,860)
Depreciation oftangible fixed assets					100,482	98,559
Decrease/(increase) in debtors					936,480	(1,445,412)
Increase/(decrease) in creditors					(995,846)	1,286,568
Net cash provided by (used in) operating		activities	inflow
(outflow) from operating activities					(994,534)	1,223,325

Funder						2023	2022
3Ts Charitable Trust						10,000	10,000
BBCChildren in Children -	CLIC					17,411
BBCChildren ln Need							95,556
BBCChildren in Need - CLIC						27,489
BBCChildren in Need - LEDGE						50,657
BBCR4 Appea I						7,778	13,415
Big Yellow Foundation						25,000	25,000
Capita (BBCR4 Appeal)						5,637
Charities Trust (Nationwide)						44,042
Credit Suisse EMEA Foundation						108,316	108,116
Elizabeth and Prince Zaiger Trust						30,000
Esmee Fairbairn Foundation						5,000	5,000
ExPat Foundation						154,887	154,887
Fidelity UK Foundation							201,794
French Huguenot Church	of London		Charitable		Trust	5,000	5,000
Grove Trust						5,000	5,000
Helen Davis Family Foundation						1,000
Ingram Trust						15,000	15,000
Inner London Magistrates	Court Poor BoxCharity					20,000	10,000
Jenny Agutter						5,000	5,000
Jonathan Clarke						30,000	30,000
Jongen Charitable Trust						225,000	225,000
Kensington and Chelsea Foundation						25,000	40,300
Kensington and Chelsea Foundation			- Cadog an		Estates	50,000	50,000
Kensington and Chelsea Foundation			(LMAX)			15,300
Marshall Foundation						20,717	20,717
Moondance Foundation						25,686	25,686
National Lottery Community		Fund-	Peer	Advisor Centre, Wales			82,640
National Lottery Community		Fund and ESFBuilding Better Opportunities					453,439
National Lottery Fund						1,033,039	958,039
Nationwide Building Society Community				Grants			44,042
Northern Trains Customer	Ik Community			interest Fund		50,000	50,000
Ro Qulcke						5,000	5,000
Severn Trent Community	Fund					66,924	66,924
SirAnthony Greener - Minton		Trust				75,000	75,000
State Street Foundation							32,306
Texel Foundation						10,000	10,000
The 29th May 1961Charitable		Trust				10,000	10,000
The 4814Trust						45,000	45,000
The Albert Hunt Trust						20,078	20,078
The Eveson Trust						15,000	15,000
The Fidelis Foundation						50,000	50,000

Funder			2023	2022
The Girdlers' Company Charitable		Trust	25,000	25,000
The Heathside Charitable	Trust		5,000	5,000
The Lancashire Foundation			40,000	40,000
The Shears Foundation			5,000	5,000
The Steel Charitable Trust			19,963	19,963
The Story ofChristmas			70,000	70,000
The Taylor Family Foundation			25,000	25,000
The Waterloo Foundation			30,000	30,000
Thomas j Horne Memorial	Trust		6,000	6,000
Worshipful Company ofCutlers			24,500	24,500
Worshipful Company ofGunmakers			5,000	5,000
Youth Futures Foundation			99,438	99,438
			2,663,862	3,317,841

		Staff			Total
		Costs	Other	Depreciation	2023
Cost of raising funds		624,427	201,434	3,461	829,322
Charitable activities:
Youth Violence	& Families Work	7,222,272	2,229,620	54,035	9,505,927
Criminal Justice	Activity	2,707,391	1,390,819	20,627	4,118,837
Community Empowerment		3,351,043	1,379,826	21,740	4,752,609
Other (including	RLS)	287,671	290,498	619	578,788
		14,192,804	5,492,197	100,482	19,785,483
COMPARATIVE	FIGURES 2022:
		Staff			Total
		Costs	Other	Depreciation	2022
Cost of raising 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

		Direct	Support	Total
		Costs	Costs	2023
		f	f	f
Cost of raising	funds	748,386	80,936	829,322
Charitable activities:
Youth Violence	8 Families Work	8,159,228	1,346,699	9,505,927
Criminal Justice	Activity	3,543,938	574,899	4,118,837
Community Empowerment		4,209,160	543,449	4,752,609
Other (including	RLS)	551,421	27,367	578,788
		17,212,133	2,573,350	19,785,483

		Direct	Support	Total
		Costs	Costs	2022
		f	f	f
Cost of raising	funds	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

3c. BREAKDO	WN OF SUPPORT	COST BYACTIVITY	COST BYACTIVITY
		Directorate,		Other Central	Total 2023
		Finance,	HR and IT	Services Cost
			f	f	E
Cost of raising	funds		44,400	36,536		80,936
Charitable activities:
youth Violence	&Families		530,786	815,913	1,346,699
Criminal Justice	Activity		208,694	366,205		574,899
Community Empowerment			236,006	307,443		543,449
Other (including	RLS)		9,410	17,957		27,367
			1,029,296	1,544,054	2,573,350

		Directorate,	Directorate,	Other Central
		Finance,	HR and IT	Services Cost	Total 2022
				E	E
Costof raisingfunds			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

4.Staff Cost
						2023	2022
						E	E
Wages and Salaries						12,334,287	10,222,192
Social Security Costs						1,228,543	935,973
Temproary &Agency	Staff					159,618
Pension Costs (note 10)						449,681	388,436
Redundancy costs						20,675	9,111
						14,192,804	11,555,712
The average number	ofemployees,		analysed		by function
was:						No.	No.
Youth Violence & Families Work						175	181
Criminal Justice Activity						70	59
Community Empowerment						67	62
Fundra ising and publicity						11	10
Management, Other	and administration			ofthe Charity		70	50
						393	362
'The number ofstaff	earning	above	E60,000 per annum
are:						No.	No.
Band
E60,001—E70,000
E70,001—E80,000
E80,001—690,000
E90,001—E100,000
Above E100,001

	Freehold,	Land &	Furniture and	Total
	Buildings		Fittings
	E		E
At 1April 2022	1,190,511		855,283	2,045,794
Additions		2,880	72,324	75,204
At 31March 2023	1,193,391		927,607	2,120,998
DEPRECIATION
At 1April 2022		500,754	670,155	1,170,909
Charge for the year		20,512	79,970	100,482
At 31March 2023		521,266	750,125	1,271,391
NET BOOK VALUE
31March 2023		672,125	177,482	849,607
31March 2022		689,757	185,129	874,886

		2023	2022
		f	f
Trade Debtors		2,041,257	2,839,133
Prepayment	&Accrued income	1,014,976	1,162,629
Other Debtors		54,678	45,629
		3,110,911	4,047,391

				2023	2022
Due Within 1Year				f	f
Grants received		in	advance	2,704,602	3,665,056
Trade creditors				593,500	705,984
Taxes &Social Security				456,194	225,931
Other creditors				95,972	20,332
Accrual s				292,759	521,570
				f4,143,027	f5,138,873
Due After 1Year
Reconciliation	ofgrants received in advance
Grants received		in	advance brought forward	3,665,056	2,908,361
Amount released		during the year		(3,308,385)	(2,472,613)
Amount deferred			during the year	2,347,931	3,229,308
Grants received		in	advance at31March	2,704,602	3,665,056

11a.ANALYS	IS	OF NET ASS	ETS BETWEEN	FUNDS
			Unrestricted	Restricted	Endowment	Total
Fund Balances	at 31March		Funds	Funds	Funds	Funds
2023
represented	by:		E			6
Tangiblefixed	assets		849,607			849,607
Investments			41,987		868,288	910,275
Current assets			10,862,360	1,328,517		12,190,877
Current liabilities			4 143027			4 143027
Total net assets			7,610,927	1328517	868288	9,807,732
			Fixed Assets
			& Investments	General funds	Designated Funds	Restricted	Endowment	Total
			Funds
			6	E	6	E	E	6
Fund Balances		8/fwd	918,342	5,035,268	1,589,305	2,295,893	915727	10,754,535
Income				4,829,234		14,058,354		18,887,588
Expenditure				(4,352,247)	(407,506)	(15,025,730)		(19,785,483)
Gains/(Losses)		on investmentt	1469				47439	48 908
			916,873	5,512,255	1,181,799	1,328,517	868,288	9,807,732
Tra nsfers
Change in fixed		assets	25 279	25 279
Total net assets			891594	5 537534	1181799	1328517	868 288	9807 732
Comparative	Fund Balances
at 31March 2022
			Unrestricted	Restricted	Endowment	Total
			Funds	Funds	Funds	Funds
represented	by:		E	E	E	E
Tangiblefixed	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			5 138873			5 138873
Total net assets			7 542 915	2 295893	915727	10754 535
			Fixed Assets
			&
			Investments		Designated
			Funds	General fund.	Funds	Restricted	Endowment	Total
			6	6	6	F.	6	E
Fund Balances		8/fwd	906,251	3,582,781	1,739,244	2,295,761	877,806	9,401,843
In co me				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	9790	9790
Total net assets			918342	5035268	1 589 305	2 295893	915727	10754535

Restricted Funds:		Total 8/fwd	Income	Expenditure	Transfer	C/fwd
		E	E	E		6
Youth Violence &Families	Work	476,665	7,800,753	8,246,220		31,198
Criminal Justice Activity		825,864	442,704	781,666		486,902
Community Empowerment		724,668	4,738,359	4,752,609		710,418
Other Programmes		268,696	1,076,538	1,245,235		99,999
Total net assets		2,295,893	14,058,354	15,025,730		1,328,517
Designated Fund - Projects		Total 8/fwd	Income	Expenditure	Transfer	C/fwd
Buildings &organisational infrastructure		484,200				484,200
Staff retention &recruitment		500,000		(34,287)		465,713
Digital Training		45,000		(45,000)	5,000	5,000
ICT & Finance software		119,010		(49,624)		69,386
Client information &resource platform		50,000		(37,500)	(5,000)	7,500
Staff wellbeing		16,095		(16,095)
Match funding regional development		100,000		(100,000)
Expansion of preventative	services	100,000		(100,000)
Match funding spot purchasing		150,000				150,000
Employer Engagement Worker		25,000		(25,000)
		1,589,305		(407,506)		1,181,799

			Income/	Expenditure/
Endowment	Fund	Total 8/fwd	Investment	Investment	C/fwd
			Gain	Losses
			E	E
Royal London	Society Endowment
Fund		915,727	(47,439)		868,288
Total		915,727	(47,439)		868,288

Restricted Funds:		Total 8/fwd	Income	Expenditure	Transfer	C/fwd
		E	E	E
Community Services		824,768	6,858,688	7,206,791		476,665
Prison Services		180,302	676,618	31,056		825,864
Training		783,366	3,344,859	3,403,557		724,668
Other Programmes		507,325	342,475	1,047,694	466,590	268,696
Total net assets		2,295,761	11,222,640	11,689,098	466,590	2,295,893
Designated Fund - Projects		Total 8/fwd	Income	Expenditure	Transfer	C/fwd
Buildings and organisational
infrastructure		1,000,000		(15,800)		984,200
Digital training		50,000				50,000
ICTFinance Software		150,000		(30,990)		119,010
Client information and	resource
platform		45,000				45,000
Staff Wellbeing		19,244		(3,149)		16,095
Match funding regional
development		100,000				100,000
Expansion of preventative
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
		1,739,244		(149,939)		1,589,305
Endowment Fund		Total 8/Fwd	Income/ Investiment Gain	Expenditure/ Transfer/losses	C/fwd
			E
Royal London Society
Endowement Fund		877,806	37,921		915,727
Total		877,806	37,921		915,727

		Notes	Unrestricted	Restricted	Endowment	TOTAL	TOTAL
			Funds	Funds	Funds	2022	2021
			E	E	6	E	E
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				22,552		22,552	13,184
Investment Income
Total Income		2	6,084,529	11,222,604		17,307,133	14,928,098
~Edit
Costs of raising funds			76,112	500,844		576,956	472,202
Charitable Activities:
Youth Violence 8 Families		Work	1,200,631	7,206,791		8,407,422	6,931,751
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		546,850	540,054
Total expenditure		3	4,305,601	11,689,062		15,994,663	13,717,324
Net income before			1,778,928	(466,458)		1,312,470	1,210,774
investment
gains/(losses)
Net gains/(losses)	on
investments			2,301		37,921	40,222	142,834
Net			1,781,2629	(466,458)	37,921	1,352,692	1,353,608
income/expenditure
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	6,228,276	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