“In This Together”
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
“In This Together”
INDEX TO THE ACCOUNTS
| Page | |
|---|---|
| Officers and Professional Advisors | 1 |
| Report of the Trustees | 2 - 4 |
| Independent Examination | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8 - 9 |
“In This Together”
OFFICERS AND PROFESSIONAL ADVISORS
Victoria Scanlon BOARD OF TRUSTEES Danielle Shipman Lauren Bland Katherine Hill Christina Henderson SECRETARY A McLean ACCOUNTANTS Edwards & Co Solicitors SOLICTORS 28 Hill Street Belfast PRINCIPAL BANKERS Danske Bank Ltd 8/9 Donegall Square North Belfast BT1 5GJ NI CHARITY COMMISSION Reg. No. NIC 108324 COMPANY NUMBER NI680369
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“In This Together”
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022
In the year under review ITT evidenced continued strong performance in providing support to the areas of East and South Belfast and to the collective of social support services while being mindful of the need to review the governance structures and operating base to maintain its fitness for purpose.
Main Activities: ITT maintained its focus on supporting clients across East and South Belfast challenged by low income, living in disadvantaged communities and often marginalised because of poor health, housing and employment by supplying food and hygiene provision as well as wraparound support services. During the year, ITT responded to an additional 88 households totalling 230 individuals of all ages. This was up from the previous year bringing our overall total to 239 households with over 700 individuals from June 21 to June 22
At present we have 207 Tier one, 84 Tier two and 4 Tier 3 who access our Social Supermarket every week.
Other activities included signposting to various local organisations such as counselling, benefit and debt advice, alcohol and drug support, housing assistance and advice. We anticipate developing these services further with the introduction of a Welcome Warm Space in December 2022. Training of our staff and volunteers will allow for ASIST and Safetalk support for those who are dealing with suicidal thoughts to ensure the most appropriate support is given as soon as the first point of contact is made. We are very much aware that mental health issues go hand in hand with poverty and isolation and so we hope to further develop all aspects of our holistic support services to ensure that we are not just papering over the cracks of individuals problems, but instead making real impact.
Key Partnerships: Working alongside other initiatives in the third sector, ITT worked more closely with Lagan Village whereby we established our working relationship for CFPSS – The Collaboration of Food Provision Support Services for East and South Belfast. We now have a redirection of client registration to us from the wider community resulting in less overlap of services and increased cohesion among groups. As ever we work closely with EBCDA, The Larder, Belfast City Council, DfC and other community groups.
Financials: End of year balance stands at £41,485.30. In This Together total revenue for the year June 21 to June 22 was £53,061.27 with a further funds transfer of £28,205.22. Total expenditure for the year was £40,113.57.
14 out of 15 applications in the year were successful totalling £43,243.93.
At year end, unrestricted reserves total for future benefit are £20,101.76 . Unrestricted reserves this year will help us fund our £21000 rent and utilities bill in the coming year, reducing our reliance on grants for this and also offer a buffer for ongoing financial liabilities such as wages and insurances.
Restricted and grant bound balance currently stands at £21,383.54. This year In This Together received donations of £4609.97.
Total revenue from fundraising efforts, events and takings from our Social Supermarket along with transfer of assets from Together NI stands at £35076.76.
The charity has increasing running costs so individual grants are made on an ongoing basis.
Key changes : Having expanded rapidly this year, we have moved from our beloved Blue portacabin to not only one, but two floors in the Network Centre.
With this expansion, we have seen an increase in staff members and volunteers with now 3 full time staff members and 3 part time staff members. We currently have over 20 volunteers on a rota basis and for casual roles during events.
Some volunteers have come from a service user base and feedback suggests that the welcome and lack of judgment received from the charity has lifted them out of often desperate situations to feel like they have purpose and wanting to give back. Volunteers are also offered training which had built capacity not only for the charity but for the individuals concerned
A look to the future: We have grown from strength to strength but with greater numbers, comes greater responsibility.
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Our aim for the year ahead is to: -Decrease our reliance on grants - Increase the number of Tier 3 registrations by at least one third of all client registrations.
Our funding from the National Lottery Community Fund will have a profound impact on all operations.
The energy and dedication shown by the staff and volunteers and trustees over the past year is commended. Emerging from Covid and the end of the year seeing the beginning of a cost-of-living crisis, the demand for our services will only increase and more challenges will be put in front of staff and volunteers in dealing with families under severe distress being able to feed children in the face of ever decreasing available income. The ‘heat or eat’ dilemma will face so many more families as we move into winter.
But together with our developing relations and partners we are working to continue to support the communities of East and South Belfast. This work contributes to the anti-poverty and social inclusion agendas and in building a strong foundation for these communities and Northern Ireland’s future as a whole.
Breakdown and overview of demographics | YEAR THREE
| EAST – | SOUTH – | |
|---|---|---|
| 646 individuals | 136 individuals | |
| 237 households | 57 households | |
| 330 adults | 316 children | |
| 129 households with children | 25 households with children | |
| 30 pensioners | 2 pensioners | |
| 14 working households | 2 working households | |
| 36 ESA, PIP, or disability | 12 ESA, PIP, or disability | |
| 157 on other benefits | 31 on other benefits | |
| 5 asylum seekers | 2 asylum seekers | |
| 14 on no income/sanctioned | 2 on no income/sanctioned |
| EAST – Support provided | SOUTH – Support provided | |
| 146 Tier One | 23 Tier One | |
| 120 Tier Two | 2 Tier Two | |
| 4 Tier Three | 0 Tier Three | |
| 201 Food packs per week | 25 Food packs per week | |
| 53 deliveries | 184 collections | |
| 5 Befriending clients | 2 Befriending clients | |
| 6 Social Worker support | 2 Social Worker support | |
| 5 Advice centre support | 4 Advice centre support | |
| 5 Counselling support | 1 Counselling support | |
| 176 self-referrals | 0 self-referrals | |
| 42 Third party org referral | 25 Third party org referral |
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Predicted growth and anticipated budget | YEAR FOUR
YEAR THREE Revenue £82787.37 Expenditure £42489 Grants total £47248.94 Grants remaining £22928.78 Reserves £17369.60 Donations £4529.29 Takings/Events £31009.14
YEAR FOUR | Predicted Revenue £286000 Expenditure £154000 Grants total £146000 Grants remaining £10000 Reserves £10000 Donations £5000 Takings/Events £150,000
YEAR THREE | Breakdown Rent & Utilities £11900 Stock £20000 Volunteer Expenses £1000 Fuel & Van Expenses £3000 Wages, ENIC & Pension £11000 Event planning £1000 Garden £2000
YEAR FOUR | Breakdown Rent & Utilities £21000 Stock £50000 Volunteer Expenses £2000 Fuel & Van Expenses £4000 Wages, ENIC & Pension £70000 Event planning £5000 Garden £2000
YEAR FOUR | Predicted Support Revenue
Stock £50000 | Event planning £5000 | Fuel & Van Expenses £4000 | Rent & Utilities £21000 Grant support of these expenses: £80000 Client registrations 1000 households Tier Three predictions 10% - £4.50 Tier three - £18,000 Tier Two predictions 40% - £3.50 Tier two - £56,000 Tier one - £50,000 Tier One predictions 50% - £2.50 Delivery fee - £12,000 Delivery fee takings 30% - £1
Anticipated takings based on 40 weeks Tier three - £18,000 Tier two - £56,000 Tier one - £50,000 Delivery fee - £12,000
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“In This Together”
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 30 June 2022
To the Board of Trustees of the In This Together charity, we report on the accounts of the charity for the year ended 30[th] June 2022, which are set out on pages 6-9.
Respective responsibilities of trustees and examiners.
The charity’s constitution states that the Trustees are responsible for the preparation of accounts. It is our responsibility to:
-
examine the accounts to ensure that they have been prepared in accordance with general accounting principles.
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state whether any particular matters have come to our attention.\
Basis of independent examiner’s report
Our examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with our examination, no matter has come to our attention:
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which gives us reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records; and
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to prepare financial statements which accord with the accounting records have not been met.
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to which, in our opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Date: 27/03/2023
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“In This Together”
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 JUNE 2022
| Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
||
|---|---|---|---|---|
| Notes | £ | £ | £ | |
| Incoming Resources | ||||
| Donations and Fundraising | 8,069.27 | - | 8,069.27 | |
| Grant Income | 1,795.60 | 43,243.93 | 45,039.53 | |
| Misc – Sale of Van | 600.00 | - | 600.00 | |
| 10,464.87 | 43,243.93 | 53,708.80 | ||
| Resources expended | ||||
| Direct charitable expenditure | ||||
| - fund raising events | - | 2,218.54 | 2,218.54 | |
| - allocation of funds | 2 | 1,213.55 | 14,143.28 | 13,465.28 |
| Other expenditure | ||||
| Management & administration | 3 | 9,454.79 | 9,833.41 | 21,179.75 |
| 10,668.34 | 26,195.23 | 36,863.57 | ||
| Net movements in funds | (203.47) | 17,048.70 | 16,845.23 | |
| Total funds brought forward | 22,796.93 | 4,334.84 | 27,131.77 | |
| Total funds carried forward | 22,593.46 | 21,383.54 | 43,977.00 |
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“In This Together”
BALANCE SHEET AS AT 30 JUNE 2022
| Notes Fixed assets Van Current assets Debtors Bank Cash on hand Danske Bank Current Account Current Liabilities Accruals Creditors Net Assets Funds balances Restricted 4 Unrestricted |
2022 £ 2,166.67 |
|---|---|
| 2,166.67 | |
| - | |
| 325.03 41,485.30 |
|
| 41,810.33 | |
| - - |
|
| 43,977.00 | |
| 21,383.54 22,593.46 |
|
| 43,977.00 |
Approved on behalf of the Board of Trustees of “In This Together” Charity on 28[th] March 2023 by:
------------------------------------ -------------------------------------(Chairperson) (Honorary Treasurer)
The notes on pages 8 to 9 form part of these accounts.
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“In This Together”
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
1. Accounting policies
The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP 2015), ‘The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015’, as it relates to small charities, and applicable accounting standards.
Taxation
In This Together is registered as a charity with the Inland Revenue (No.108324 ) and as such is exempt from taxation.
Management and Administration Costs
There was no transfer of management & administration costs of the charity to Restricted Funds in y/e 30 June 2022.
2. Direct Charitable Expenditure – Allocation of Funds
| Community Spend Supermarket Purchases Equipment Expensed Other allocated spend |
Unrestricted Funds £ - 1,101.00 112.55 - 1,213.55 |
Restricted Funds £ 6,443.55 5,920.73 1,779.00 - 14,143.28 |
Total Funds 2022 £ 6,443.55 7,021.73 1,891.55 - |
|---|---|---|---|
| 15,356.83 |
3. Other Expenditure – Management and administration
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Salaries & NIC | - | 3,514.15 | 3,514.15 |
| Rent | - | 5,840.04 | 5,840.04 |
| Insurance | 497.88 | - | 497.88 |
| Telephone | 76.05 | 104.80 | 180.85 |
| Stationery, printing & advertising | 246.75 | 153.87 | 400.62 |
| Bank charges | 63.32 | - | 63.32 |
| Accountancy | - | ||
| Van Expenses & Insurance | 2,465.23 | 220.55 | 2,685.78 |
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| Repairs Office Computer & Website maintenance Legal & Professional |
2,863.05 160.86 501.65 2,580.00 9,454.79 |
- - - - 9,833.41 |
2,863.05 160.86 501.65 2,580.00 |
|---|---|---|---|
| 19,288.20 |
4. Restricted Funds
This fund comprises income that has been received by the Charity for particular purposes.
5. Reconciliation of movements in funds
| 5. Reconciliation of movements in |
funds | ||
|---|---|---|---|
| Movement for the year Balance of funds brought forward Balance of funds carried forward |
Unrestricted Funds £ (203.47) 22,796.93 22,593.46 |
Restricted Funds £ 17,048.70 4,334.84 21,383.54 |
Total Funds 2022 £ 16,845.23 27,131.77 |
| 43,977.00 |
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