OpenCharities

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2021-03-31-accounts

Trustees Appointed/Resigned/Retired
ElizabethWilson(chair)
MarkBolton ResignedOctober2020
ChristopherDaws
JohnGlenton(RiversideCareandSupportnominee)
TrevorMorris
SallyNicholson(RiversideCareandSupportnominee)
AnneParkerCBE(RiversideCareandSupportnominee)
PhilipRaw ResignedDecember2020
RevGraceThomas
ElizabethToher

Risks Mitigatingactions
Asuddenandirreversibledropinour WeranaverysuccessfulCOVIDemergencyfundraisingcampaignfor
incomeduetothehealth,socialand individuals,trustsandcompanies,whichhasincreasedourincome.
economiceffectsofthepandemic. Wecontinued,andexpandedoureventsfundraisingonline.
Weincreasedourcommunicationswithourregularsupportersand
majordonorsduringlockdown,tokeepthemuptodatewithourwork.
Wehaveincreasedoursocialmediapresenceandrelaunchedour
website.Asaconsequencewehaveseenanincreaseinourincome
overthepastyear.
Anincreaseindemandfrompeoplewho Weareworkingcloselywithpartnerstoensurethatourfundingis
becomehomelessinthewakeofthe beingusedinthemosteffectiveways.
lockdown. Wehavesecurednewfundingfromtrustsandcompaniestomeetthis
extrademand.
Asourincomehasincreasedwehavereleasedmoreofour
unrestrictedfundstomeettheincreaseindemand.
Thehealthandwellbeingofourstaffteam Wemadepreparationsandstartedremoteworkingbeforelockdown
andtrusteesisadverselyaffectedbythe began.WehaveofferedmentalhealthandITsupporttostaff,andthe
pandemic executivedirectorchecksinwitheach teammembereveryweek.We
aregraduallyreturningtoworkingintheoffice,andwillcontinuewith
hybridworkingarrangements.
Theproductivityofourstaffteamand Wehavecontinuedtoprocessgrantapplicationseveryweek,sothere
trusteesisreducedthroughremote hasbeennodelayinfunding.Wehavepurchasednewcloudbased
working softwaretohelpussharedocumentsandprocessinvoices.Theteam
hasregularon-linemeetings.
Aninterruptionintheservicesprovidedby Wehavebeenworkingcloselywiithpartnerswhohaveincreasedthe
ourpartners servicestheyareprovidingandwehavefundedtheparticularsupport
whichisneededatthisdifficulttime.
Thedeclineinchurchattendance,and Wearemovingourengagementwithchurchesonline,andreaching
theconsequentreductioninincomeand individualsratherthancongregations.
engagement

1 October 2021

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds 2021 funds funds 2020
Notes £ £ £ £ £ £
Incomefrom:
Donations,grantsand
legacies 1 780,142 139,700 919,842 329,402 126,111 455,513
Investmentincomeand
interestreceivable 2 10,922 10,922 12,317 12,317
Totalincome 791,064 139,700 930,764 341,719 126,111 467,830
Expenditureon:
Raisingfunds 3 91,884 91,884 102,710 102,710
Charitableactivities
.Assistinghomeless
peopleandthosein
housingneed 4 319,108 186,339 505,447 322,204 143,107 465,311
Totalexpenditure 410,992 186,339 597,331 424,914 143,107 568,021
Netincome(expenditure)
beforeinvestmentgains
(losses)andtransfers 380,072 (46,639) 333,433 (83,195) (16,996) (100,191)
Netgains(losses)on
investmentassets 12 50,217 50,217 (3,585) (3,585)
Netincome(expenditure)
beforetransfers 430,289 (46,639) 383,650 (86,780) (16,996) (103,776)
Grosstransfersbetween
funds 16 (2,746) 2,746
Netincome(expenditure) 7 427,543 (43,893) 383,650 (86,780) (16,996) (103,776)
Otherrecognised
(losses)gains
Actuarial(losses)gains 20 (92,000) - (92,000) 135,000 135,000
Netmovementinfunds 18 335,543 (43,893) 291,650 48,220 (16,996) 31,224
Reconciliationoffunds:
Fundsbroughtforward
at1April2020 195,379 228,360 423,739 147,159 245,356 392,515
Fundscarriedforwardat
31March2021 19 530,922 184,467 715,389 195,379 228,360 423,739

2021 2021 2020 2020
Notes £ £
Fixedassets
Tangibleassets 11 6,535 3,440
Investments 12 338,612 238,395
345,147 241,835
Currentassets
Debtors 13 350,590 53,395
Shorttermdeposits 55,500 5,500
Cashatbankandinhand
.Interestbearingaccounts 91,858 155,134
.Otheraccountsandcash 58,518 95,527
556,466 309,556
Creditors:amounts
fallingduewithinone 14 (34,224) (35,652)
year
Netcurrentassets 522,242 273,904
Totalassetsless
currentliabilities 867,389 515,739
Provisionforliabilities 15/20 (152,000) (92,000)
Totalnetassets 715,389 423,739
Fundsandreserves 18
Incomefunds
Restrictedfunds 16 184,467 228,360
Unrestrictedfunds
.Generalfund 682,922 287,379
.Pensionreservefund 20 (152,000) (92,000)
530,922 195,379
715,389 423,739

2021 2020
Notes £ £
Cashflowsfromoperatingactivities:
Netcashusedinoperatingactivities A (4,199) (97,323)
Cashflowsfrominvestingactivities:
Investmentincomeandinterestreceived 10,922 12,317
Proceedsfromthesaleoflistedinvestments 84,000
Purchaseoflistedinvestments (50,000)
Purchaseoftangiblefixedassets (7,008) (2,180)
Netcash(usedin)providedbyinvestingactivities (46,086) 94,137
Changeincashandcashequivalentsintheyear (50,285) (3,186)
Cashandcashequivalentsat1April2020 B 256,161 259,347
Cashandcashequivalentsat31March2021 B 205,876 256,161
2021 2020
£ £
Netmovementinfunds(asperthestatementoffinancialactivities) 291,650 31,224
Adjustmentsfor:
Depreciationcharge 3,913 2,234
(Gains)lossesoninvestments (50,217) 3,585
Investmentincomeandinterestreceivable (10,922) (12,317)
(Increase)decreaseindebtors (297,195) 55,229
Decreaseincreditors (1,428) (15,278)
(Increase)decreaseinpensionprovision 60,000 (162,000)
Netcashusedinoperatingactivities (4,199) (97,323)
Analysisofchangesinnetdebt
2020 Cashflow 2021
£ £ £
Shorttermdeposits(lessthanthreemonths) 5,500 50,000 55,500
Cashatbankandinhand:
Interestbearingaccounts 155,134 (63,276) 91,858
Otheraccountsandcash 95,527 (37,009) 58,518
Totalcashandcashequivalents 256,161 (50,285) 205,876

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds 2021 funds funds 2020
£ £ £ £ £ £
Legacies 389,330 389,330 13,125 13,125
Otherdonationsandgrants 390,812 139,700 530,512 316,277 126,111 442,388
780,142 139,700 919,842 329,402 126,111 455,513

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds 2021 funds funds 2020
£ £ £ £ £ £
Incomefromlistedinvestments
.UKlistedinvestments 9,146 9,146 10,523 10,523
.Bankinterest 1,776 1,776 1,794 1,794
10,922 10,922 12,317 12,317

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds 2021 funds funds 2020
£ £ £ £ £ £
Staffcosts(note8) 59,210 59,210 62,591 62,591
Advertising 17,461 - 17,461 21,762 21,762
Allocatedsupportcosts(note5) 15,213 15,213 18,357 18,357
91,884 - 91,884 102,710 - 102,710

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds 2021 funds funds 2020
£ £ £ £ £ £
Grantspayable 121,132 186,339 307,471 86,246 143,107 229,353
Staffcosts(note8) 129,762 129,762 139,795 139,795
Publicity 17,032 - 17,032 34,547 34,547
Allocatedsupportcosts(note5) 51,182 - 51,182 61,616 61,616
319,108 186,339 505,447 322,204 143,107 465,311

Raising Charitable
funds activities Total
£ £ £ Basisofallocation
Officecosts 12,212 36,637 48,849 Proratabyexpenditure
Legalandprofessionalfees 261 1,471 1,732 Proratabyexpenditure
Bankchargesandfinancecosts 1,024 5,758 6,782 Proratabyexpenditure
Governancecosts(note6) 1,716 7,316 9,032 Proratabyexpenditure
15,213 51,182 66,395
Raising Charitable
funds activities Total
£ £ £ Basisofallocation
Officecosts 13,875 41,625 55,500 Proratabyexpenditure
Legalandprofessionalfees 394 1,831 2,225 Proratabyexpenditure
Bankchargesandfinancecosts 1,880 8,746 10,626 Proratabyexpenditure
Governancecosts(note6) 2,208 9,414 11,622 Proratabyexpenditure
18,357 61,616 79,973

6.Governancecosts
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds 2021 funds funds 2020
£ £ £ £ £ £
Auditor'sremuneration 9,032 - 9,032 8,930 8,930
Otherprofessionalcosts - 2,692 2,692
9,032 9,032 11,622 - 11,622
7.Netincome(expenditure)
hisisstatedaftercharging:
2021 2020
£ £
Staffcosts(note8) 188,972 202,386
Auditor'sremuneration:statutoryauditservices 9,032 8,930
Depreciation 3,913 2,234

8.Staffcosts
2021 2020
Wagesandsalaries 165,911 174,721
Socialsecuritycosts 11,120 13,757
Otherpensioncosts 11,941 13,613
188,972 202,091
Otherstaffingcosts 295
188,972 202,386
Staffcosts(includingotherrelatedcosts)byfunctionwereasfollows:
2021 2020
£ £
Raisingfunds 59,210 62,591
Charitableactivities 129,762 139,795
188,972 202,386
Theaveragenumberofemployees,analysedbyfunction,wasasfollows:
2021 2020
Raisingfunds 3 3
Charitableactivities 3 3
6 6

Computers Fixtures Website Total
and and
equipment fittings
Cost £ £ £ £
At1April2020 5,177 4,764 5,400 15,341
Additions 1,008 6,000 7,008
At31March2021 6,185 4,764 11,400 22,349
Depreciation
At1April2020 3,597 2,904 5,400 11,901
Chargeforyear 1,346 1,067 1,500 3,913
At31March2021 4,943 3,971 6,900 15,814
Netbookvalues
At31March2021 1,242 793 4,500 6,535
At31March2020 1,580 1,860 3,440

Total
£
Listedinvestments
Marketvalueat1April2020 238,395
Additonsduringtheyear 50,000
Netgainsfortheyear 50,217
Marketvalueat31March2021 338,612
Historicalcostat31March2021 261,099

3.Debtors
2021 2020
£ £
Incometaxrecoverable 17,500 15,500
Prepaymentsandaccruedincome 14,598 35,774
Legaciesreceivable 316,000
Investmentincomereceivable 2,492 2,121
350,590 53,395

2021 2020
Expenseandothercreditors 21,503 23,256
Socialsecurityandothertaxes 3,629 3,607
Accrualsandgrantsinadvance 9,092 8,789
34,224 35,652

5.Provisionforliabilities
2021 2020
£ £
ProvisionforSocialHousingPensionSchemeliabilities(note 21) 152,000 92,000

Balanceat Balanceat
31March 31March
2020 Income Expenditure Transfers 2021
£ £ £ £ £
Supportfunds(note17) 150,358 129,700 (150,013) 2,716 132,761
QueenMary'sGarden 2,561 10,000 (9,249) 3,312
WakefieldMarieHouseGarden 77 (710) 633
CatterickVeteranArtisanBakery 24,908 (14,732) 10,176
HuddersfieldGrow&Cook 1,620 1,620
LondonStreetBuddies 10,000 10,000
HullTerryStreetTrainingKitchen 1,000 1,000
WakefieldMarieHouseGarden 5,000 (1,600) 3,400
VeteranScheme 28,328 (3,415) (2,715) 22,198
SittingbourneBeatProject 4,508 (6,620) 2,112
228,360 139,700 (186,339) 2,746 184,467

Note General Pensionreserve Restricted
fund fund funds Total
£ £ £ £
Fundsbroughtforwardat
1April2020
287,379 (92,000) 228,360 423,739
Netincome(expenditure)
perstatementoffinancial 432,543 (5,000) (43,893) 383,650
activities
Definedbenefitscheme
deficitcontributionpaid
20 (37,000) 37,000
Actuarialgains(losses) 20 (92,000) (92,000)
Fundscarriedforwardat
31March2021
682,922 (152,000) 184,467 715,389

General Pensionreserve Restricted Total
fund fund funds 2021
£ £ £ £
Tangiblefixedassets 6,535 6,535
Investments 338,612 - - 338,612
Netcurrentassets 337,775 - 184,467 522,242
Provisionforliabilities - (152,000) (152,000)
Totalnetassets 682,922 (152,000) 184,467 715,389

Presentvaluesofdefinedbenefitobligation
liability)
,fairvalueofassetsandde finedbenefitas
31March 31March
2021 2020
£'000 £'000
Fairvalueofplanassets 1,035 948
Presentvalueofdefinedbenefitobligation (1,187) (1,040)
Deficitinplan (152) (92)
Definedbenefitliabilitytoberecognised (152) (92)

Reconciliationofopeningandclosingbalancesof thedefinedbenefit obligation
Yearended Yearended
31March 31March
2021 2020
£'000 £'000
Definedbenefitobligationatstartofperiod 1,040 1,192
Expenses 3 3
Interestexpense 25 26
Actuarialgainsduetoschemeexperience (7) (14)
Actuariallosses(gains)duetochangesindemographicassump-
tions
6 (13)
Actuariallosses(gains)duetochangesinfinancialassumptions 174 (102)
Benefitspaidandexpenses (54) (52)
Definedbenefitobligationatendofperiod 1,187 1,040

Yearended Yearended
31March 31March
2021 2020
£'000 £'000
Fairvalueofplanassetsatstartofperiod 948 938
Interestincome 23 20
Experienceonplanassets(excludingamountsincludedininterestincome)-gains 81 6
Contributionbytheemployer 37 36
Benefitspaidandexpenses (54) (52)
Fairvalueofplanassetsatendofperiod 1,035 948

Definedbenefitcostsrecognisedinthestatementof
ncludedinexpenditureoncharitableactivities
financialactivitie s:
Yearended Yearended
31March 31March
2021 2020
£'000 £'000
Expenses 3 3
Netinterestexpense 2 6
Definedbenefitcostsrecognisedinstatementoffinancialactivities 5 9
Expenses
Netinterestexpense
Definedbenefitcostsrecognisedinstatementoffinancialactivities
ncludedinotherrecognised(losses)gains
3
2
5
3
6
9
Yearended Yearended
31March 31March
2021 2020
£'000 £'000
Experienceonplanassets(excludingamountsincludedinnetinterestcosts)
-gain 81 6
Experiencegainsandlossesarisingontheplanliabilities-gain 7 14
Effectsofchangesinthedemographicassumptionsunderlyingthepresent
valueofthedefinedbenefitobligation-gain(loss) (6) 13
Effectsofchangesinthefinancialassumptionsunderlyingthepresentvalue
ofthedefinedbenefitobligation-gain(loss) (174) 102
Totalactuarialgainsandlosses-netgain(loss) (92) 135

Assets
Thecharity'sshareofassetsheldwithintheSchemeat31March2021isasfollows: 31March 31March
2021 2020
£'000 £'000
GlobalEquity 165 139
AlternativeAssetClasses 601 490
LiabilitiesDrivenInvestment 263 315
NetCurrentAssets 6 4
Totalassets 1,035 948

KeyAssumptions
31March 31March
2021 2020
%perannum %perannum
DiscountRate 2.00% 2.44
Inflation(RPI) 3.36% 2.74
Inflation(CPI) 2.80% 1.74
SalaryGrowth 3.80% 2.74
Allowanceforcommutationofpensionforcashatretirement 75%ofmaximum
allowance
75%ofmaximum
allowance
March2021 March2020
Lifeexpectancyat Lifeexpectancyat
age65(Years)in age65(Years)in
Maleretiringin2021 21.6 21.5
Femaleretiringin2021 23.5 23.3
Maleretiringin2041 23.5 22.9
Femaleretiringin2041 25.1 24.5

Officeequipment Officeequipment
2021 2020
£ £
Operatingleasepaymentsdue:
Withinoneyear 1,439 2,202
Betweentwoandfiveyears 1,439
1,439 3,641