Sandwell Homeless and Resettlement Project Limited Charity Accounts
Sandwell Homeless and Resettlement Project Limited Charity Accounts
COMPANY REGISTRATION NUMBER:
01705859
CHARITY REGISTRATION NUMBER:
514302
|
|
|
Company Limited by Guarantee |
|
|
|
Housing registration number: 5054 |
|
|
|
|
|
Company Limited by Guarantee |
|
Financial Statements |
Year ended 31 March 2019
|
Page |
|
|
Trustees' annual report (incorporating the director's report) |
1 |
|
Independent examiner's report to the trustees |
11 |
|
Statement of financial activities (including income and expenditure account) |
13 |
|
Statement of financial position |
14 |
|
Statement of cash flows |
16 |
|
Notes to the financial statements |
17 |
|
|
|
Company Limited by Guarantee |
|
Trustees' Annual Report (Incorporating the Director's Report) |
Year ended 31 March 2019
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended
31 March 2019
.
Reference and administrative details
|
Registered charity name |
|
|
Charity registration number |
|
|
Company registration number |
|
|
Principal office and registered |
27 Birmingham Street |
|
office |
Oldbury |
|
West Midlands |
|
|
B69 4DY |
|
|
England |
|
The trustees
|
|
||
|
|
||
|
|
||
|
|
||
|
|
(Appointed
|
|
|
|
(Appointed
|
|
|
|
(Appointed
|
|
|
|
(Appointed
|
|
|
|
(Resigned
|
|
|
|
(Resigned
|
|
|
Company secretary |
|
|
Independent examiner |
|
|
Chartwells House |
|
|
1 St Josephs Court |
|
|
Trindle Road |
|
|
Dudley |
|
|
West Midlands |
|
|
DY2 7AU |
|
Structure, governance and management
Governing Document
The organisation is a charitable company limited by guarantee, incorporated on 11th January 1983 and registered as a charity on 14th October 1983. The association was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
Recruitment and Appointment to the Board
The directors of the company are also charity trustees for the purpose of charity law and under the company's Articles are known as Board Members. Under the requirements of the Memorandum and the Articles of Association the Board are elected to serve for a period of three years after which they may be re-elected at the next Annual General Meeting. Board Members may only stand for re-election for a maximum of 3, three year terms.
Sandwell is a very diverse area with a wide range of cultures and religions being represented. The Board ensures that the needs of service users are appropriately reflected through the diversity of the trustees elected to the board.
Trustee Induction and Training
New Board Members are invited to attend Board meetings as observers in order that they may get a feel for the organisation and to understand the obligations of becoming a Board Member. After their attendance as observers, if they wish to pursue their application further the Chief Executive will arrange for applicants to spend time at the projects so that they can meet staff and service users. New Trustees are appointed by the Board and are then provided with induction and training, asked to sign and adhere to Board Member agreements and to contribute their time at Board Meetings.
Members of the Board
During the year Board Member John Burn resigned resigned on 28th November 2018 after having served on the Board since 1991. The remaining members of the Board wish to thank John for his contribution over the preceding 27 years of service. John Burn also served as the Company Secretary and he resigned from this post on the 28th November 2018. On 22 March 2019 Board Member Brenda Taylor also resigned after having served on the board since 1993. The remaining members of the Board wish to also thank Brenda for her contribution over the preceding 26 years of service.
On the 28th November 2018 the Board appointed Stephen Charles Woods as Company Secretary. Stephen is the current Chief Executive of SHARP, he was not appointed as a Board Director of the Company because the Memorandum of Association of the Charity prevents members of the Board from receiving any remuneration;
"The income and property of the Association shall be applied solely towards the promotion of its objects as set forth in this Memorandum of Association and no portion thereof shall be paid or transferred directly or indirectly by way of dividend, bonus or otherwise howsoever by way of profit, to members of the Association and no member of its Board shall be appointed to any office of the Association paid by salary or fees, or receive any remuneration or other benefit in money or money's worth from the Association."
The following members were appointed to the Board during the year;
- Sophia Powell appointed on 28th November 2018
- Kathryn Brooks appointed 28th November 2018
- Bhupendra Patel appointed 28th November 2018
- Nick Burton appointed 23rd January 2019
Risk Management
The Board has drawn up a risk register which provides details of actions to be taken to reduce risk. The charity also purchases a range of insurance policies.
Organisational Structure
Sandwell Homeless and Resettlement Project has a Board of up to 10 members who meet every two months and who are responsible for the strategic direction and policy of the charity. SHARP embraces the Equality Act 2010 and recruits Board members from any background and with any of the 9 protected characteristics described within the Act. At present the Board has 8 members.
Day-to-day responsibility for the provision of operations, services and financial probity is delegated by the Board to the Chief Executive Officer. The Chief Executive is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The Chief Executive reports directly to the Board at its bi-monthly meetings.
There are three Project Managers who report to the Chief Executive, each of whom holds the responsibility for managing one of the three key projects delivered by SHARP - The GAP Project, Community Support and Crown House homelessness hostel. Project Managers take responsibility for the day-to-day operational management of their projects, supervision of their staff teams and ensuring that their team continues to develop skills and working practices in line with good practice.
The financial management of the Charity is overseen by the Chief Executive who is supported by an independent bookkeeper and an internal finance and administration officer. Finance is reported to the Board at their bi-monthly meetings. The financial accounts of the organisation are independently examined by an external accountancy firm who make reports and recommendations directly to the Board.
Objectives and activities
Objectives
The Charity's objects and principal activities are to:
Care for persons in need, who are homeless or who by reason of adverse circumstances are in need of help in acquiring a settled way of life through the establishment of residential accommodation and to assist these persons so as to develop their physical, mental and spiritual capacities that they may develop full maturity as responsible individuals and members of society and that their conditions of life may be improved.
The main objectives and activities for the year continue to focus upon helping people who are homeless to find appropriate accommodation, either within SHARP or elsewhere, offer them support and advice to enable them to manage their accommodation and to enjoy a reasonable quality of life.
The strategies employed to assist the charity to meet these objectives include, but not exhaustively, the following;
- Provide accommodation of good quality for homeless people in Sandwell
- Provide a service for homeless people in Sandwell and signposting to other agencies as appropriate giving information on vacancies and support where available in Sandwell
- Provide the support necessary to enable service users to manage their own accommodation successfully
- Involve service users in the development of their personal support plans, which include attainable targets, regular reviews and flexibility to enable and embrace change
- Train service users to use the internet to allow them to access a number of online activities such as bidding for a home, finding a job and registering for universal credit
- Liaise with local housing providers concerning housing and other needs of service users
- Research the housing needs of homeless people
- Register with Homes England to become a registered social landlord
Activities
Crown House
Crown House is based at Green Street, Oldbury, West Midlands, B69 4JP. Crown House offers short, medium and long term accommodation and support for up to 18 single homeless people. Crown House is owned by a private landlord and SHARP leases the whole building from the Landlord on a short term commercial lease.
The GAP Supported Housing Project
The GAP project consists of 30 single bedroom furnished flats at Selby House, Wallace Close, Oldbury, West Midlands, B69 1HW. GAP offers accommodation and support to single teenage parents and their children. The property is owned by Sandwell Metropolitan Borough Council and managed through a contractual arrangement by SHARP.
Community Floating Support & Spot Purchasing
SHARP provides floating support through a contract and specialist support through spot purchasing to people with complex needs and who are hard to reach. The support service goes from strength to strength and we have been able to provide support for extra service users this year.
247 & 247a Barclay Road, Smethwick
Barclay Road offers accommodation and support through two self-contained apartments. The freehold of Barclay Road is owned by SHARP.
Achievements and performance
Crown House
Crown House has supported 60 homeless people during the year;
- 9 of those are long term tenants
- 20 homeless people have been housed elsewhere
- Suitable alternative accommodation found for 8 tenants
- 2 people moved out after finding themselves accommodation
- 1 tenant was served with a notice to quit
- Unfortunately, 2 residents of Crown House have died
The GAP supported housing project
During the year we supported 41 young parents 48 children and 6 partners of teenage parents. Of these, 15 residents of the GAP moved successfully from the project, 7 to local authority accommodation with floating support, 4 went back to live with their family, 2 are living with friends, 1 moved to a housing association and 1 went to a women's refuge. They each received a further 6 month's outreach support from SHARP in their new home.
Community Floating Support & Spot Purchasing
During the year we have provided over 2,496 hours of support for people with learning disabilities or mental health needs to remain in their own homes.
247 & 247a Barclay Road, Smethwick
We have two new residents at Barclay Road, they both receive community support to help them to live independently in the community.
Financial review
Responsibilities of the Board
The Board is responsible for maintaining proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charitable company to enable them to ensure that the financial statements comply with the Companies Act 1985. The Board is also responsible for safeguarding the assets of the charitable company and for taking reasonable steps for the prevention and detection of fraud and any other irregularities.
Investment Policy
Under the Memorandum and Articles of Association, the charity has the power to invest in the interest of the charity and/or its beneficiaries. The Board, having regard to the liquidity requirements of the organisation and to the reserves policy, have operated a policy of keeping available funds in an interest bearing deposit account and seek to achieve a rate of deposit interest which matches or exceeds inflation as measured by the retail prices index.
Reserves Policy
Having examined the circumstances facing the charity and its future income and expenditure patterns the trustees have established that the level of reserves the charity holds should be not more than 65% of current annual income and not less than 33% of current annual income. The year-end cash at bank shows a deposit of £346,587. Annual income for the year was £577,680. This means that the bank deposits are 60% of the annual income and are therefore in line with our reserves policy.
Review of the year April 2018 to March 2019
The year has seen some significant changes to the Charity, how we operate and how we meet the new regulatory environs. With the onset of the updated and more stringent requirements of the GDPR legislation all of our data has been uplifted to cloud storage, this provides a higher level of security than keeping people's information on a static server. Linked to this, all computers, software and IT equipment have been upgraded. All staff, including support staff, concierge and remote workers now have instant access to encrypted information online. Our support staff and peripatetic workers have all been issued with brand new mobile devices which helps them to keep in touch with the office base and this has also improved their productivity and personal safety.
Our retained funding consultant has been very successful in obtaining contributions from other charities and organisations which has allowed us to provide our service users with an enhanced experience. Some additions include providing all new residents at the GAP project with welcome packs containing much needed essential items such as cooking pots and pans, cutlery plates, cups and saucers when they move into Selby House. We have received donations towards refurbishing and upgrading the residents garden and play area. The computer room for residents at Selby House will see an upgrade next year.
On the 19th July 2018 the Charity became registered with the Regulator for Social Housing. This registration has opened gateways for SHARP to expand its property portfolio and discussions have commenced with Stonewater Housing Association to transfer The Gables, a large property that used to be used as a home for people living with severe autism and learning difficulties, to SHARP.
Plans for 2019-20
We expect that next year, once we have taken ownership of The Gables, we will embark on a period of refurbishment and reconfiguration to covert The Gables into a hostel for homeless and roofless people. The Gables will provide 16 self-contained en-suite bedrooms, a number of communal rooms, offices and meeting rooms plus a fully catered communal dining room where residents, local people and street homeless people will be able to obtain freshly cooked hot food at most times of the day and early evening.
The launch of the new website for SHARP is planned for September 2019. The website which is already underway will have platforms where our service users can raise donations directly to help them obtain funding for themselves to help with their move into settled accommodation. The website will provide SHARP with a wider audience and the community will be able to see first-hand the stories written by our own service users.
As SHARP is now a registered provider, we have ambitious plans to replace Crown House with new move-on accommodation. Owning our own accommodation is, we believe, a long term investment into both reducing the number of rough sleepers, and building the asset base of the charity to secure its long term future.
We have looked into becoming Care Quality Commission (CQC) registered so that we can expand our community services to help people living with physical disabilities as well as those with mental disabilities. By being CQC registered we can enhance the support we provide for individuals keeping them free from having to go into care homes for as long as possible. To achieve this ambition, we shall recruit and appoint a new Head of Care and Community who will in turn become our registered manager for CQC purposes.
Our fifth major ambition for 2019 to 2020 is to retain the contract to provide the support and housing management for the GAP project based at Selby House. We have been managing this contract for the past 15 years and we hope to manage it for many more years to come. If we are able, we will work with the Local Authority to explore new and exciting ways to deliver the service to teenage mothers and their children at Selby House.
Accounts
Company law requires the Board to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing those financial statements, the Board follows best practice by;
- Selecting suitable accounting policies and then applying them consistently
- Making judgements and estimates that are prudent and reasonable: and
- Preparing the financial statements on a going concern basis unless it is inappropriate to assume that the company will continue on that basis
The Board is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Board is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Members of the Board
Members of the Board, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.
In accordance with company law, as the company's Directors, we certify that:
- So far as we are aware, there is no relevant information of which the company's accountants are unaware; and
- As Directors of the company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the charitable company's accountants are aware of that information.
Small company provisions
The trustees' annual report was approved on
24 July 2019
and signed on behalf of the board of trustees by:
|
|
|
|
Trustee |
Trustee |
|
|
|
Company Limited by Guarantee |
|
Independent Examiner's Report to the Trustees of
|
Year ended 31 March 2019
I report to the trustees on my examination of the financial statements of
Sandwell Homeless and Resettlement Project Limited
('the charity') for the year ended 31 March 2019.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
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 the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I 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:
1.
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2.
the financial statements do not accord with those records; or
3.
the financial statements 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
4.
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 order to enable a proper understanding of the accounts to be reached.
Chartwells House
1 St Josephs Court
Trindle Road
Dudley
West Midlands
DY2 7AU
24 July 2019
|
|
|
Company Limited by Guarantee |
|
Statement of Financial Activities |
|
(including income and expenditure account) |
Year ended 31 March 2019
|
2019 |
2018 |
|||
|
Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
|
|
Note |
£ |
£ |
£ |
£ |
Income
|
Donations and grants |
5 |
|
|
|
|
|
Charitable activities |
6 |
|
– |
|
|
|
Investment income |
7 |
|
– |
|
|
|
-------- |
------- |
-------- |
-------- |
||
|
Total income |
|
|
|
|
|
|
-------- |
------- |
-------- |
-------- |
||
Expenditure
Expenditure on raising funds:
|
Costs of raising income |
8 |
555,506 |
642 |
556,148 |
538,585 |
|
|
-------- |
------- |
-------- |
-------- |
|||
|
Total expenditure |
|
|
|
|
||
|
-------- |
------- |
-------- |
-------- |
|||
|
-------- |
------- |
-------- |
-------- |
|
|
Net income |
|
|
|
|
|
-------- |
------- |
-------- |
-------- |
|
Other recognised gains and losses
|
Gains from revaluation of fixed assets |
|
– |
|
– |
|
Fair value movements |
– |
– |
– |
52,839 |
|
-------- |
------- |
-------- |
-------- |
|
|
Net movement in funds |
|
|
|
|
Reconciliation of funds
|
Total funds brought forward |
|
– |
|
|
|
-------- |
------- |
-------- |
-------- |
|
|
Total funds carried forward |
|
|
|
|
|
-------- |
------- |
-------- |
-------- |
|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
|
|
|
Company Limited by Guarantee |
|
Statement of Financial Position |
|
2019 |
2018 |
|
|
Note |
£ |
£ |
Fixed assets
|
Tangible fixed assets |
13 |
|
|
Current assets
|
Debtors |
14 |
|
|
|
Cash at bank and in hand |
|
|
|
|
-------- |
-------- |
||
|
|
|
||
|
Creditors: amounts falling due within one year |
15 |
|
|
|
-------- |
-------- |
||
|
Net current assets |
|
|
|
|
-------- |
-------- |
||
|
Total assets less current liabilities |
|
|
|
|
-------- |
-------- |
||
|
Net assets |
|
|
|
|
-------- |
-------- |
||
Funds of the charity
|
Restricted funds |
|
– |
Unrestricted funds:
|
Revaluation reserve |
|
– |
||
|
Other unrestricted income funds |
437,775 |
490,474 |
||
|
-------- |
-------- |
|||
|
Total unrestricted funds |
|
|
||
|
-------- |
-------- |
|||
|
Total charity funds |
17 |
|
|
|
|
-------- |
-------- |
|||
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
|
|
Company Limited by Guarantee |
|
Statement of Financial Position (continued) |
These financial statements were approved by the
board of trustees
and authorised for issue on
24 July 2019
, and are signed on behalf of the board by:
|
|
|
|
Trustee |
Trustee |
|
|
|
Company Limited by Guarantee |
|
Statement of Cash Flows |
Year ended 31 March 2019
|
2019 |
2018 |
|
|
£ |
£ |
|
Cash flows from operating activities
|
Net income |
21,532 |
67,519 |
|
Adjustments for: |
||
|
Depreciation of tangible fixed assets |
|
|
|
Other interest receivable and similar income |
(
|
(
|
|
Accrued expenses/(income) |
|
(
|
|
Changes in: |
||
|
Trade and other debtors |
|
|
|
Trade and other creditors |
(
|
|
|
------- |
------- |
|
|
Cash generated from operations |
|
|
|
Interest received |
|
|
|
------- |
------- |
|
|
Net cash from operating activities |
|
|
|
------- |
------- |
|
Cash flows from investing activities
|
Purchase of tangible assets |
(
|
– |
|
------- |
------- |
|
|
Net cash used in investing activities |
(
|
– |
|
------- |
------- |
|
|
Net increase in cash and cash equivalents |
|
|
|
Cash and cash equivalents at beginning of year |
307,713 |
221,150 |
|
-------- |
-------- |
|
|
Cash and cash equivalents at end of year |
|
|
|
-------- |
-------- |
|
|
|
|
Company Limited by Guarantee |
|
Notes to the Financial Statements |
Year ended 31 March 2019
1.
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 27 Birmingham Street, Oldbury, West Midlands, B69 4DY, England.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
Fund accounting
Incoming resources
Resources expended
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
|
|
Impairment of fixed assets
Financial instruments
Defined contribution plans
4.
Limited by guarantee
The charity is a company limited by guarantee and consequently does not have share capital. Each member has undertaken to contribute £10 to the assets of the company to meet its liabilities if called upon to do so.
5.
Donations and grants
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2019 |
||
|
£ |
£ |
£ |
||
Donations
|
Unrestricted donations |
– |
– |
– |
|
|
Restricted donations - Grantham Yorke Trust |
– |
1,284 |
1,284 |
|
|
Restricted donations - Welcome boxes |
– |
1,000 |
1,000 |
|
|
Restricted donations - The Rowlands Trust |
– |
1,500 |
1,500 |
|
|
Restricted donations - Sheldon Trust |
– |
10,000 |
10,000 |
|
|
Restricted donations - Baron Davenports Charity |
– |
500 |
500 |
|
|
Restricted donations - The DMF Ellis Charitable Trust |
– |
2,000 |
2,000 |
|
|
Restricted donations - Gables furniture suites |
– |
3,000 |
3,000 |
|
|
Restricted donations - The Woodward Charitable Trust |
– |
1,250 |
1,250 |
|
|
Restricted donations - Edgar E Lawley Foundation |
– |
1,500 |
1,500 |
|
Grants
|
SMBC core grant |
72,356 |
– |
72,356 |
|
|
------- |
------- |
------- |
||
|
|
|
|
||
|
------- |
------- |
------- |
||
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2018 |
||
|
£ |
£ |
£ |
||
Donations
|
Unrestricted donations |
394 |
– |
394 |
|
|
Restricted donations - Grantham Yorke Trust |
– |
– |
– |
|
|
Restricted donations - Welcome boxes |
– |
– |
– |
|
|
Restricted donations - The Rowlands Trust |
– |
– |
– |
|
|
Restricted donations - Sheldon Trust |
– |
– |
– |
|
|
Restricted donations - Baron Davenports Charity |
– |
– |
– |
|
|
Restricted donations - The DMF Ellis Charitable Trust |
– |
– |
– |
|
|
Restricted donations - Gables furniture suites |
– |
– |
– |
|
|
Restricted donations - The Woodward Charitable Trust |
– |
– |
– |
|
|
Restricted donations - Edgar E Lawley Foundation |
– |
– |
– |
|
Grants
|
SMBC core grant |
71,639 |
– |
71,639 |
|
|
------- |
---- |
------- |
||
|
|
– |
|
||
|
------- |
---- |
------- |
||
6.
Charitable activities
|
Unrestricted Funds |
Total Funds 2019 |
Unrestricted Funds |
Total Funds 2018 |
||
|
£ |
£ |
£ |
£ |
||
|
Crown house |
147,031 |
147,031 |
160,528 |
160,528 |
|
|
Central admin |
13,396 |
13,396 |
12,314 |
12,314 |
|
|
GAP project |
212,013 |
212,013 |
226,612 |
226,612 |
|
|
Community support |
110,806 |
110,806 |
134,606 |
134,606 |
|
|
-------- |
-------- |
-------- |
-------- |
||
|
|
|
|
|
||
|
-------- |
-------- |
-------- |
-------- |
||
7.
Investment income
|
Unrestricted Funds |
Total Funds 2019 |
Unrestricted Funds |
Total Funds 2018 |
||
|
£ |
£ |
£ |
£ |
||
|
Bank interest receivable |
|
|
|
|
|
|
---- |
---- |
---- |
---- |
||
8.
Costs of raising income
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2019 |
||
|
£ |
£ |
£ |
||
|
Charitable fund raising costs |
8,359 |
– |
8,359 |
|
|
Wages and salaries |
314,890 |
– |
314,890 |
|
|
Employer's NIC |
19,910 |
– |
19,910 |
|
|
Pension costs |
2,619 |
– |
2,619 |
|
|
Premises expenses |
149,263 |
642 |
149,906 |
|
|
Other motor/travel costs |
12,170 |
– |
12,170 |
|
|
Legal and professional fees |
9,098 |
– |
9,098 |
|
|
Telephone |
12,239 |
– |
12,239 |
|
|
Other office costs |
18,628 |
– |
18,628 |
|
|
Depreciation |
4,110 |
– |
4,110 |
|
|
Sundry expenses |
2,003 |
– |
2,003 |
|
|
Training |
1,131 |
– |
1,131 |
|
|
Bank charges |
383 |
– |
383 |
|
|
Donations |
703 |
– |
702 |
|
|
-------- |
---- |
-------- |
||
|
555,506 |
642 |
556,148 |
||
|
-------- |
---- |
-------- |
||
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2018 |
||
|
£ |
£ |
£ |
||
|
Charitable fund raising costs |
– |
– |
– |
|
|
Wages and salaries |
322,846 |
– |
322,846 |
|
|
Employer's NIC |
17,678 |
– |
17,678 |
|
|
Pension costs |
1,135 |
– |
1,135 |
|
|
Premises expenses |
150,548 |
– |
150,548 |
|
|
Other motor/travel costs |
5,836 |
– |
5,836 |
|
|
Legal and professional fees |
10,254 |
– |
10,254 |
|
|
Telephone |
7,505 |
– |
7,505 |
|
|
Other office costs |
15,712 |
– |
15,712 |
|
|
Depreciation |
1,566 |
– |
1,566 |
|
|
Sundry expenses |
3,113 |
– |
3,113 |
|
|
Training |
1,970 |
– |
1,970 |
|
|
Bank charges |
422 |
– |
422 |
|
|
Donations |
– |
– |
– |
|
|
-------- |
---- |
-------- |
||
|
538,585 |
– |
538,585 |
||
|
-------- |
---- |
-------- |
||
9.
Net income
Net income is stated after charging/(crediting):
|
2019 |
2018 |
|
|
£ |
£ |
|
|
Depreciation of tangible fixed assets |
4,110 |
1,566 |
|
------ |
------ |
|
10.
Independent examination fees
|
2019 |
2018 |
|
|
£ |
£ |
|
Fees payable to the independent examiner for:
|
Independent examination of the financial statements |
4,080 |
3,300 |
|
------ |
------ |
|
11.
Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
|
2019 |
2018 |
|
|
£ |
£ |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Employer contributions to pension plans |
2,619 |
1,135 |
|
-------- |
-------- |
|
|
|
|
|
|
-------- |
-------- |
|
The average head count of employees during the year was 16 (2018: 15). The average number of full-time equivalent employees during the year is analysed as follows:
|
2019 |
2018 |
|
|
No. |
No. |
|
|
General manager |
1 |
1 |
|
Central admin |
1 |
1 |
|
GAP project |
8 |
8 |
|
Crown house |
1 |
1 |
|
Community support |
5 |
4 |
|
---- |
---- |
|
|
|
|
|
|
---- |
---- |
|
No employee received employee benefits of more than £60,000 during the year (2018: Nil).
Key Management Personnel
The total remuneration paid to key management personnel in the year amounted to a total of £36,601.
12.
Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees
No trustee expenses have been incurred
13.
Tangible fixed assets
|
Freehold property |
Plant and machinery |
Total |
|
|
£ |
£ |
£ |
|
|
Cost |
|||
|
At 1 April 2018 |
|
|
|
|
Additions |
– |
|
|
|
Revaluations |
|
– |
|
|
-------- |
------- |
-------- |
|
|
At 31 March 2019 |
|
|
|
|
-------- |
------- |
-------- |
|
|
Depreciation |
|||
|
At 1 April 2018 |
– |
|
|
|
Charge for the year |
– |
|
|
|
-------- |
------- |
-------- |
|
|
At 31 March 2019 |
– |
|
|
|
-------- |
------- |
-------- |
|
|
Carrying amount |
|||
|
At 31 March 2019 |
|
|
|
|
-------- |
------- |
-------- |
|
|
At 31 March 2018 |
|
|
|
|
-------- |
------- |
-------- |
|
14.
Debtors
|
2019 |
2018 |
|
|
£ |
£ |
|
|
Trade debtors |
|
|
|
Prepayments and accrued income |
|
|
|
------- |
------- |
|
|
|
|
|
|
------- |
------- |
|
15.
Creditors:
amounts falling due within one year
|
2019 |
2018 |
|
|
£ |
£ |
|
|
Trade creditors |
|
|
|
Accruals and deferred income |
|
|
|
Social security and other taxes |
|
|
|
Other creditors |
|
|
|
------- |
------- |
|
|
|
|
|
|
------- |
------- |
|
16.
Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £
2,619
(2018: £
1,135
).
17.
Analysis of charitable funds
Unrestricted funds
|
At 1 Apr 2018 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 31 Mar 2019 |
|
|
£ |
£ |
£ |
£ |
£ |
£ |
|
|
General funds |
437,635 |
555,646 |
(555,506) |
– |
– |
437,775 |
|
Revaluation reserve |
– |
– |
– |
52,839 |
41,000 |
93,839 |
|
Fair value reserve |
52,839 |
– |
– |
(52,839) |
– |
– |
|
-------- |
-------- |
-------- |
------- |
------- |
-------- |
|
|
490,474 |
555,646 |
(555,506) |
– |
41,000 |
531,614 |
|
|
-------- |
-------- |
-------- |
------- |
------- |
-------- |
|
|
At 1 Apr 2017 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 31 Mar 2018 |
|
|
£ |
£ |
£ |
£ |
£ |
£ |
|
|
General funds |
370,116 |
606,104 |
(538,585) |
– |
– |
437,635 |
|
Revaluation reserve |
– |
– |
– |
– |
– |
– |
|
Fair value reserve |
– |
– |
– |
– |
52,839 |
52,839 |
|
-------- |
-------- |
-------- |
---- |
------- |
-------- |
|
|
370,116 |
606,104 |
(538,585) |
– |
52,839 |
490,474 |
|
|
-------- |
-------- |
-------- |
---- |
------- |
-------- |
|
Restricted funds
|
At 1 Apr 2018 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 31 Mar 2019 |
|
|
£ |
£ |
£ |
£ |
£ |
£ |
|
|
Grantham Yorke Trust |
– |
1,284 |
– |
– |
– |
1,284 |
|
Welcome Boxes |
– |
1,000 |
(642) |
– |
– |
358 |
|
The Rowlands Trust |
– |
1,500 |
– |
– |
– |
1,500 |
|
Sheldon Trust |
– |
10,000 |
– |
– |
– |
10,000 |
|
Baron Davenports Charity |
– |
500 |
– |
– |
– |
500 |
|
The DMF Ellis Charitable Trust |
– |
2,000 |
– |
– |
– |
2,000 |
|
Gables furniture suites |
– |
3,000 |
– |
– |
– |
3,000 |
|
The Woodward Charitable Trust |
– |
1,250 |
– |
– |
– |
1,250 |
|
Edgar E Lawley Foundation |
– |
1,500 |
– |
– |
– |
1,500 |
|
---- |
------- |
---- |
---- |
---- |
------- |
|
|
– |
22,034 |
(642) |
– |
– |
21,392 |
|
|
---- |
------- |
---- |
---- |
---- |
------- |
|
|
At 1 Apr 2017 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 31 Mar 2018 |
|
|
£ |
£ |
£ |
£ |
£ |
£ |
|
|
Grantham Yorke Trust |
– |
– |
– |
– |
– |
– |
|
Welcome Boxes |
– |
– |
– |
– |
– |
– |
|
The Rowlands Trust |
– |
– |
– |
– |
– |
– |
|
Sheldon Trust |
– |
– |
– |
– |
– |
– |
|
Baron Davenports Charity |
– |
– |
– |
– |
– |
– |
|
The DMF Ellis Charitable Trust |
– |
– |
– |
– |
– |
– |
|
Gables furniture suites |
– |
– |
– |
– |
– |
– |
|
The Woodward Charitable Trust |
– |
– |
– |
– |
– |
– |
|
Edgar E Lawley Foundation |
– |
– |
– |
– |
– |
– |
|
---- |
---- |
---- |
---- |
---- |
---- |
|
|
– |
– |
– |
– |
– |
– |
|
|
---- |
---- |
---- |
---- |
---- |
---- |
|
18.
Analysis of net assets between funds
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2019 |
||
|
£ |
£ |
£ |
||
|
Tangible fixed assets |
203,581 |
– |
203,581 |
|
|
Current assets |
349,799 |
21,392 |
371,191 |
|
|
Creditors less than 1 year |
(21,766) |
– |
(21,766) |
|
|
-------- |
------- |
-------- |
||
|
Net assets |
531,614 |
21,392 |
553,006 |
|
|
-------- |
------- |
-------- |
||
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2018 |
||
|
£ |
£ |
£ |
||
|
Tangible fixed assets |
158,437 |
– |
158,437 |
|
|
Current assets |
353,834 |
– |
353,834 |
|
|
Creditors less than 1 year |
(21,797) |
– |
(21,797) |
|
|
-------- |
---- |
-------- |
||
|
Net assets |
490,474 |
– |
490,474 |
|
|
-------- |
---- |
-------- |
||
19.
Social housing units
The following units of Social Housing were held by the charitable company during the year:
|
2019 |
2018 |
||
|
Supported Housing |
50 |
50 |
|
|
---- |
---- |
||
20.
Social housing rent arrears
There were no social housing rentals in arrears as at 31 March 2019
21.
Recycled capital grant fund
There were no transactions during the year to be recognised within the Recycled Capital Grant Fund.
22.
Disposal proceeds fund
There were no transactions during the year to be recognised within the Disposal Proceeds Fund.