REGISTERED COMPANY NUMBER: 02475258 (England and Wales) REGISTERED CHARITY NUMBER: 803328 COLCHESTER ENGAGEMENT & NEXT STEPS LTD (A COMPANY UMITED BY GUARANTEE) FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CENS
COLCHESTER ENGAGEMENT & NEKf STEPS LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Pa8e Report of the Trustees Ilncorporatlng a Dlrectors, Report) Independent Examiner's Report Statement of Financial Activities (incorporatlng an Income and Expenditure Account) Balance Sheet Notes to the Flnanclal Statements 9 to 21
COLCHESTER ENGAGEMENT & NEXT STEPS LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provision5 of 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 IFRS 1021 (effective l January 20191. Introductlon from the Chalr of Trustees This report covers the year l April 2023 to 31 March 2024. We held a large in-person event for last year's AGM as there had not been an open event since before Covid. This was very well attended despite the pouring rain. We had former staff. agencies, donors, and politicians alike celebrating the successes and developments of the Project. We once again launched March 4 CENS, a walking challenge which attracted many participants of all ages pounding the streets in CENS vest tops, (kindly sponsored by Lansdownl raising funds and the profile of the project. Our 'Move-on' accommodation. The Night Shelter has been running at good capacity even in the warmer months when we usually see a decline. The rnove-on Stats have been excellent, and the staff continue to work hard with other agencies to get the best options and outcomes for our residents. Al's Annexe has continued to meet such positive outcomes for those who are ready to live more independently but are unable to rent privately. We continue to bridge the gap between the shelter and full independence but our residents still having the team on-hand for any queries or supportthey may need. It has been another exciting year for CENS Trustees as we took the decision to purchase a new property to support next step accommodation for our suitable residents, the sale completed in February 24 and all of the staff and especially the Manager, Marina, has been supporting the strategy and designing the processes for getting the best outcomes for the resident5 for the Move-on opportunity. Work will commence over the coming months to get the building repaired and refurbished to a standard that we would expert for our accommodation. This year we sadly said good-bye to long standing former Chair and Trustee Ray Ricks. Ray has given many years and rnany hours dedicated to CENS and watched it grow from a Night Shelter to the move on project that we have today. We wish him well in his retirement. Alison Lovesee Chair of Trustees OBJEcfivES AND AcfiviTIES Objectives and aim5 The objects of the Colchester Engagements & Next Steps Ltd which are set out in the Articles of Association of the company are as follows; "Iforl the relief of poverty by the provision of emergency and other accommodation advice and assistance for persons who are deemed homeless and are in need of such accommodation, advice or assistance." Significant activities The principal activity of the Colchester Engagement5 & Next Step5 Ltd in the year under review was that of provider of temporary night shelter accommodation for single, homeless persons in the Colchester area. However during this year we have been developing our successful day time activities to help build skills and confidence increasing the likelihood of residents being able to maintain a tenancy when they move on.
COLCHESTER ENGAGEMENT & NEXT STEPS LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJEcfivES AND ACTIVITIES Publlc benefit The Trustees have complied wlth their duty in Section 4 of the Charities, Act 2011 to have due regard to guidance published by the Charities, Commission on public benefit. We meet our aims and objectives time and time again, and honour in full the requirement5 of the Charities Art, which requires that we demonstrate a public benefit; that is a benefit in which the whole population can share. All our charitable activitie5 focus on the relief and prevention of homelessness and are undertaken to further our charitable purposes for the public benefit. ACHIEVEMENT AND PERFORMANCE Charitable activitles Following the major refurbishment to provide all residents with en suite facilities the Night Shelter has been In increasing demand. There was 89% occupancy over the year with an average of about 65% of residents moving into settled accommodation. 100% were 5UPPOrted with developing finance skills. to engago with support seNices, and physical and mental health. Trustees are keen to utilise social media to encourage donatlons and inform supporters. Trustees have supported staff in encouraging regular post5 etc. FINANCIAL REVIEW Flnancial posltlon The Charity's financial posltlon Is as set out In the Balance Sheet on page 7 and is consldered satisfactory. Reserves pollcy The Trustees have examined the charity's requirements for reserves in light of the m31n rlsks to the organisation. The Trustee's policy is that the charity will build up free reserves sufficient to cover the operating costs of the charity for a typical half year, and that further reserves should be put in place to cover planned maintenance and refurbishment expenditure ahead of when it is needed. FUTURE PLANS Trustees are concerned to provide more move on accommodation for residents of the Night Shelter. To that end they have purchased a further property In Colchester and intend to brlng It up to the standard5 of the existing property Portfolio in the comin8 financial year. This will ensure move on accommodation for residents to enjoy Independent living with sUPPOrt if required. Trustees are aware of the importance of regular donations and plan to use social media to promote monthly or regular donations from supporters. STRucfuRE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document, a deed of trust, and constitutes a Ilmited company, limited by guarantee, as defined by the Companies Act 2006. The governin8 instrument of the charity is the Memorandum and Articles of Association of the company. The governing body of the company 15 the board of directors. the members of which are also the Trustees of the charity. The members ofthe company elect the directors and Trustees. Charity constilutlon Every member of the company undertakes to contribute to the assets of the company in the event of the same being wound up whilst he or she is a member, or within one year after he or she ceases to be a member, for the payment of debts and liabilities of the company contracted before he ceases to be a member. and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories amongst themselves, such amount as may be required, not exceeding £1.
COLCHESTER ENGAGEMENT & NExf STEPS LTD REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT Recruitrnent and appointrnent of new trustees Trustees for the charity are drawn from members of the public usually by word of mouth but also from the publicity that the charity receives in local churches, at other local charities and at the offices of local authorities. Trustees are appointed by the Board of Management once the Board is satisfied as to the suitability of the candidate. Trustees hold office for three years after which they are eligible for reryelertion for a further period of three years. The Trustees give their time voluntarily and receive no benefits from the charity: they do not receive 3 wage and do not claim expenses. To be effective in olCe the Trustees need a good understanding of the role and responsibilities of a charity trustee and must be aware of the legal rules on eligibilwty to serve as a charity trustee. All new Trustees have their duties and legal. financial and managerial responsibilities and liabilities explained to them. They are informed about the charity, its vision and values. its aims. its programme. its sour5 of income, and the context in which it operates and attend appropriate training. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02475258 (England and Wales) Registered Charity number 803328 Registered office 3941 Alexandra Road Colchester Essex C03 3DF Trustees R G Ricks (resigned 1/1/241 Ms A Lovesee-collis - Chair G O'Driscoll Ms V English {resigned 1/10123) P Newell Mrs E Lagadec Miss F Steady (resigned 5131241 Mrs L Waddington (appointed 1/11/241 P Blyth (appointed 13/11124, resigned 18111124) Independent Examiner Simon Welling Certified Accountant Haines Watts Town Wall House Balkerne Hill Colchester Essex C03 3AD
COLCHESTER ENGAGEMENT & NEKfsTEPS LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Solicitors Birkett Long LLP Essex House 42 Crouch Street Colchester Essex C03 3HH Clerk to the Charity Mrs Clare Heyes Bankers National Westminster Bank plc 25 High Street Colchester Essex COI IDG Co-operative Bank PO Box 250 Skelmersdale WN8, 6WT Approved by order ofthe board oftrustees on and signed on its behalf by: P Newell- Trustee
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF COLCHESTER ENGAGEMENT & NE)rfsTEPS LTD Independent examiner's report to the tru5tee5 of Colchester Engagement & Next Step5 Ltd {'the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilitie5 and basis of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible forthe preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. 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 I'the 2011 Art'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl of the 2011 Art. Independent examlner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. 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: accounting records were not kept in respect of the Company as required by Sertion 386 of the 2006 Act; or the accounts do not accord with those records; or 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 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 lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. 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 orderto enable a proper understanding of the accounts to be reached. Simon Welling Certified Accountant Haines Watts Town Wall House Balkerne Hill Colche5ter Essex C03 3AD
COLCHESTER ENGAGEMENT & NEXT STEPS LTD STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestritted funds Restricted funds Note5 INCOME AND ENDOWMENTS FROM Donations and legacies 49,372 18,471 67,843 49,338 Charitable art5Vities Temporary accommodation Move on accommodation 281.363 47.813 281,363 47.813 240,359 33,554 Investment income 771 771 257 Total 379.319 18,471 397.790 323,508 EXPENDITURE ON Raising funds 391 391 1,900 Charitable activities Temporary accommodation Move on accommodation 313,034 11,793 13,557 326,591 11,793 274,828 6.860 Total 325,218 13.557 338.775 283,588 NEf INCOME 54.101 4,914 59.015 39,920 RECONCILIATION OF FUNDS Total funds brought forward 265,093 1,012.490 1,277,583 1,237.663 TOTAL FUNDS CARRIED FORWARD 319,194 1,017,404 1.336.598 1,277,583 CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities. The notes form part of these financial statements
COLCHESTER ENGAGEMENT & NExf STEPS LTD BALANCE SHEEr 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets 13 625.490 986,883 1.612,373 1,280,295 CURRENT ASSEf5 Debtors Cash at bank and in hand 14 18,600 88,699 18,600 119.220 18,479 156,647 30,521 107.299 30,521 137,820 175,126 CREDITORS Amounts falling due within one year 15 (37.776) 137,776) 126,571) CURRENT ASSErs 69,523 30,521 100,044 148,555 TOTAL ASSETS LESS CURRENT LIABILITIES 695.013 1.017,404 1.712.417 1,428,850 CREDITORS Amounts falling due after more than one year 16 (375.819) (375,819) 1151.2671 NET ASSETS 319,194 1.017,404 1,336,598 1,277,583 FUNDS Unrestricted funds Restricted funds 19 319.194 1,017,404 265.093 1,012.490 TOTAL FUNDS 1,336,598 1,277,583 The notes form part of these financial statements
COLCHESTER ENGAGEMEKf & NE STEPS LTD BALANCE SHEET- continued 31 MARCH 2024 The charitable company is entitled to exemption from audit under Section 477 of the Companie5 Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audtt of its financial statements for the year ended 31 March 2024 in accordance with Settion 476 of the Companies Art 2(Kl6. The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records that comply wrth Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Att 2006 relating to financial statements. so far as applicable to the charitable company. Ib) These financial statements have been prepared in accordan with the provisions applicable to charitable companies subject to the small companies regime. financial statements were approved by the Board of Trustees and authorised for issue on I?.$[4...... and were signed on its behalf by: P Newell - Trustee The notes fomi part of these financial statements
COLCHESTER ENGAGEMENT & NEXT sfEPS LTD NOTES TO THE FINANCIAL sTATEmEPs FOR THE YEAR ENDED 31 MARCH 2024 GENERAL INFORMATION Colchester Engagements & Next Steps Ltd {formerly Colchester Emergency Night Shelter Ltd) is a charity registered with the Charity Commission with the Charity Number 803328. The Charity is incorporated as a company limited by guarantee at Companies House with the Company Number 0275258 and domiciled in the United Kingdom. Its registered office is 3941 Alexandra Road, Colchester, Essex C03 3DF. The financial statements are prepared in sterlin& which is the functional currency of the entity and rounded to the nearest pound. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical c05t convention, as modified by the revaluation of certain assets. Fund Accountln8 Unrestricted funds are available for use at the discretion of the trustees to further any of the purposes of Charity. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. Further explanation of the nature and purpose of each restricted fund is included In the notes to the financial statements. Goln£ concern The accounts are prepared on a going concern basis as there are no material uncertainties about the Charity's ability to continue. Income All income is recognised in the Statement of Flnancial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Income from government and other 8rants, whether 'capital' grants or 'revenue' 8rants, is recognised when the Charity has entitlement to the fvnds. any performance conditions attached to the grants have been met, it Is probable thatthe income will be received and the amount can be measured reliably and is not deferred. For legacies. entitlement is taken as the earlier of the date on which either: the Charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executorlsl to the Charity that a distribution will be made, or when a distribution is received from the estste. Donations and other voluntary income are reflected in the accounts for the period in which they are received. Donations in kind are recognised by the Charity when received except in the case of services provided free or undervalue by voluntary staff or others which are not reflected in the accounts. Interest Recelved Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Ban
COLCHESTER ENGAGEMETr & NEXT STEPS LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POUCIES - continued Expenditure Liabilities are recognised as expendwture as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all c05t related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. The freehold property is stated included in the accounts at valuation. Additions after each revaluation are included at cost until a further revaluation. Revaluations are performed with sufficient regularity to ensure that the carrying amounts are not materially misstated and on this basis are not depreciated. Depreaation 15 provided at the following annual rates in order to write off each asset over its estimated useful life= Fixtures and Fittings- 20% straight line Computer and Office Equipment- 20% straight line Residents, IT Suite - 20% straight line Pension costs and other postetIreMent beneffts The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Debtors Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any trade discounts due. 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. Credltors and Provlslons 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. Taxation The charity is exempt from corporation tax on its charitable activities. Cash Flow Statement The Charity has taken advantage of the exemption provided for charities with income under £500,000 and has not prepared a Cash Flow Statement for the year. -iO-
COLCHESTER ENGAGEMENT & NEXT STEPS LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES 2024 2023 Donations Grants 52.012 15,831 48,838 500 67,843 49,338 Grants received, included in the above. are as follows: 2024 2023 Colchester City Council locality budget E55ex County Council - councillors locality budget Department for Levelling Up, Housing and Communities 600 500 15.231 15.831 500 INVESTMENT INCOME 2024 2023 Deposit account interest 771 257 INCOME FROM CHARITABLE AcfiviTIES 2024 2023 Attivity Temporary accommodation Accommodation charges Essex County Councll- housing related support Residents fees Business interruption claim Accommodation charges Residents fees 207,657 165,333 Temporary accommodation Temporary accommodation Temporary accommodation Move on accommodation Move on accommodation 51.757 21,949 51,757 19.460 3,809 26,250 7,304 39.367 8,446 329.176 273,913 -li-
COLCHESTER ENGAGEMENT & NExf STEPS LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 CHARITABLE AcfiviTIES COSTS Direct Costs Isee note 71 Support costs Isee note 81 Totals Temporary accommodation Move on accommodation 320,657 8.167 5,934 3.626 326,591 11,793 328,824 9.560 338.384 DIRECT COSTS OF CHARITABLE AcfiviTIES 2024 2023 Staff costs Repairs to property Cleaning services Rates and water Insurance Light and heat Telephone Postage and stationery Residents, supplies & activities Database & IT costs Other staff and volunteers Subscriptions Storage costs Sundry expenses Volunteers matter costs Depreciation of tangible fixed assets Loss on sale of assets Bank loan interest 221A45 14.040 15,873 7.618 7,388 11,204 3,848 662 15,309 3,251 1,728 1,278 2,326 1,492 9.493 3.457 169,767 24,227 8,383 5.308 8,139 9,719 3,367 590 10,424 4,670 1,705 1,149 2.189 112 15,856 2.901 259 6,843 8.412 328.824 275.608 -12-
COLCHESTER ENGAGEMENT & NEKfsTEPS ITD NOTES TO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Governance costs Finance Totals Temporary accommodation Move on accommodation 869 2,126 5.065 1.500 5.934 3.626 2,995 6,565 9,560 Support costs, included in the above, are as follows: 2024 Temporary Move on Total accommodation accommodation activities 2023 Total activities Bank charges Independent examination fees Accountancy fees Legal and professional fees 869 1,845 2,505 715 2,126 2,995 1,845 2,505 2,215 875 1,752 2,376 1,077 1,500 5.934 3,626 9.560 6,080 NET INCOMEIIEXPENDITURE) Net incomellexpenditurel is stated after chargingllcredltingl: 2024 2023 Independent examlnatlon fees Depreciation - owned assets Deficit on disposal of fixed assets 1.845 3.457 1,752 2,904 259 io. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustee5' expenses There were no trustees, expenses paid for the year ended 31 March2024 nor for the year ended 31 March 2023. ii. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 204,922 12,451 4,072 156,466 9.940 3.361 221.445 169,767 -13-
COLCHESTER ENGAGEMENT & NEXT STEPS LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ii. STAFF COSTS The average monthly number of employees during the year was as follows: 2024 13 2023 io Average number of staff employed The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 2024 2023 £60,001- £70,000 The key management personnel of the Charity are considered to be the Trustees and the Manager. The total employee benefits of key management personnel amount to £68,192 for the year ended 31 March 2024 (£57,260 forthe year ended 31 March 20231. 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACtIVlTIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 49,098 240 49,338 Charitable artivities Temporary accommodation Move on accommodation 240,359 33.554 240,359 33,554 Investment income 257 257 Total 323,268 240 323,508 EXPENDITURE ON Raising funds 1,900 1.900 Charitable activities Temporary accommodation Move on accommodation 270,755 6,860 4,073 274.828 6,860 Total 279.515 4,073 283,588 NET INCOME/(EXPENDITURE) 43,753 13,8331 39.920 RECONCILIATION OF FUNDS Total funds brought forward 221.340 1,016,323 1,237,663 TOTAL FUNDS CARRIED FORWARD 265.093 1,012,490 1,277,583 -14-
COLCHESTER ENGAGEMENT & NEXT srEPS LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 13. TANGIBLE FIXED ASSEts Computer and office equipment Fixtures and fittings Freehold property Residents IT suite Totals COST OR VALUATION At l April 2023 Additions 1.275.(MJO 326,650 22.405 7.793 5.962 1,092 1307,801 335,535 At 31 March 2024 1.601.650 30.198 7.054 4A34 1,643,336 DEPRECIATION At l April 2023 Charge for year 18.638 2.672 4,704 587 4.164 198 27.506 3.457 At 31 March 2024 21.310 5,291 4,362 30,963 NET BOOK VALUE At 31 March 2024 1.601,650 1,763 72 1.612.373 At 31 March 2023 1.275.( 3,767 1.258 270 1,280,295 Cost or valuation at 31 March 2024 is represented by= Computer and office equipment Fixture5 and ffttings Freehold property Residents IT suite Totals Valuation in 2022 Valuation in 2015 Cost 334.829 199.821 1.067.IKJO 334.829 199,821 1.108.686 30.198 7.054 4A34 1.601.650 30.198 7,054 4,434 1.643,336 -15-
COLCHESTER ENGAGEMENT & NEXT STEPS LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Prepayments and accrued income 16.665 987 948 9.609 7,039 1,831 18.600 18.479 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 171 Social security and other taxes Other creditors Accruals and deferred income 18,111 4.356 4,770 10,539 13,238 1,305 4,656 7,372 37.776 26,571 16. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2024 2023 Bank loans (see note 171 375,819 151,267 17. LOANS An analysi5 of the maturity of loans is given below: 2024 2023 Amounts falling due within one year on demand: Bank loans 18.111 13,238 Amounts falling due between two and five years: Bank loans- more than l year 375,819 151.267 -16-
COLCHESTER ENGAGEMENT & NEXT 5tEPS LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 18. SECURED DEBTS The following secured debts are included within creditors: 2024 2023 Bank loan 121310 124.855 The loan advanced from the National Westminster Bank in September 2019 is secured by a charge on the freehold property at 38 Alexandra Road. Colchester. The loan advanced from the National Westminster Bank in February 2024 is secured by a charge on the freehold property at 19A. 19B and 19C Mersea Road, Colchester. 19. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General Fund 265.093 54,101 319,194 Restricted funds National Lottery CharÈtie5 Board Fund Freehold Property Revaluation Reserrfe Rent Deposit Guarantee Scheme Keys for Keeps Colchester Borough Council - voluntary welfare Lockton Fund Resident ID Fund Anglia Community Trust- residents IT suite Gannett Foundation 39-41 Alexandra Road covid adaptations Counselling Fund Night Shelter Transformation Fund 250,179 534,650 8,699 5.665 250.179 534,650 8.699 5.665 6,727 420 1,403 (3.427) 1292) 198 3.300 128 1,601 2,161 1,396 201,190 {198) 1.963 1,396 201.190 520 8,113 520 .113 1,012,490 4.914 1.017A04 TOTAL FUNDS 1277.583 59.015 1,336.598 -17-
COLCHESTER ENGAGEMENT & NEXT STEPS LTD NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General Fund 379,319 1325,218) 54,101 Restrlcted funds Colchester Borough Council - voluntary welfare Lockton Fund Resident ID Fund Anglia Community Trust- residents IT suite Counselling Fund Nlght Shelter Transformation Fund (3.427) 1292) (42) (3,427) 1292) 198 240 1198) (2,480) (7,118) 1198) 520 8.113 3,000 15,231 18,471 113.556) 4.914 TOTAL FUNDS 397,790 (338,775) 59.015 -18-
COLCHESTER ENGAGEMENT & NEX[ STEPS LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS- continued Comparatives for rnovement in funds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestricted funds General Fund 221.340 43,753 265.093 Restritted funds National Lottery Charities Board Fund Freehold Property Revaluation Reserve Rent Deposit Guarantee Scheme Keys for Keeps Colchester Borough Council- voluntary welfare Lockton Fund Resident ID Fund Anglia Community Trust- residents IT Sulte Gannett Foundation Winter Resilience Fund 3941 Alexandra Road covid adaptations 250.179 534,650 8,699 5,665 250,179 534,650 8,699 5,665 8.490 2.177 1,163 {1,7631 (1,6881 240 6.727 420 1,403 (691 2,348 1,396 366 201.190 12561 69 2.161 1,396 13661 201.190 1,016,323 (3,8331 1,012.490 TOTAL FUNDS 1,237,663 39,920 1,277,583 Comparative net movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General Fund 323.268 1279,5151 43,753 Restricted funds Colche5ter Borough Council- voluntary welfare Lockton Fund Resident ID Fund Anglia CommunityTrust- residents IT suite Winter Resilience Fund 11,7631 11,6881 11.7631 11,6881 240 240 (2561 13661 {2561 {3661 240 14.0731 {3,8331 TOTAL FUNDS 323.508 1283,5881 39.920 -19-
COLCHESTER ENGAGEMENT & NEX[ sfEPS LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS- continued National Lottery Charities Board Fund To fund the purchase and refurbishment ofthe freehold property at 3941 Alexandra Road. Freehold Property Revaluation Reserve The gain on revaluation of the freehold property. Residents Deposit Guarantee Scheme and Keys for Keeps To fund the payment of deposits to landlords to facilitate resettlement of residents. Colchester Borough Council- Voluntary Welfare Grant To fund the costs to support residents in 2018 and specifically to fund the cost of residents drug and alcohol testing. Lockton Fund To fund the database ancillary requirements. IT expenditure and the depreciation of computer equipment. Resident ID Fund To fund the purchase of ID documentstion for residents. Anglia Community Trust- Residents ITSuite Fund To fund the purchase of an IT suite and computers forthe use by residents. Gannett Foundation Grant To fund the purchase of equipment and supplies for a residents, allotment. Winter Resilience Fund To fijnd resident gym. swimming and basketball activities. 3941 Alexandra Road Covid Adaptation5 To fund the improvements of the freehold property at 39-41 Alexandra Road to provide en-suite facilities to all bedrooms. Counselling Fund Many of our clients have recognised Mental Health issues and require help but waiting lists for counselling are beyond the timeline of the people that stay with us. We have used this fund for offering residents 8 counselling sessions with qualified counsellors at Lifeforce. Night Shelter Transformation Fund The NSTF stream allows us to employ a full time Day Support Worker to support clients with a person•centred approach. This includes taking them to health assessments. housing appointments, JCP appointments and helping them to move into new accommodation. This role supports our evening opening and focuses clients to engage and work towards more independent housing. -20-
COLCHESTER ENGAGEMENT & NEXT STEPS LTD NOTESTO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 20. RELATED PARTY DISCLOSURES There were no related party transactions forthe year ended 31 March 2024. -21-