Charity Number: | SC017093 |
Company Number: |
Right There Trustees’ Annual Report
We are Right There, and we believe that everyone deserves an equal chance to create a safe and supportive place to call home.
We know that for some people, home is a place they’re going that they’ve never been before. We help them find it.
We are here for children, adults and families who are living with the effects of homelessness, poverty, addiction or broken relationships.
Walking alongside people at home and in the community, we provide tailored support and form trusting relationships to help people feel happier, safer, and more confident to live their lives.
We’ve been a charity for almost 200 years. As the decades turn, we are always evolving, remaining responsive to the changing needs of people and the world around us.
We are Right There, for people, at home, and in the community.
Right There Trustees’ Annual Report
Contents Page
1. | Joint Board Chair and Chief Executive Statement | 3 - 4 |
2. | Difference we made in 2022-2023 | 5 |
3. | Strategic Report | 6 – 8 |
4. | For People | 9 -10 |
5. | At Home | 11 – 12 |
6. | In The Community | 13 |
7. | Making it happen | 14 – 16 |
8. | Looking ahead | 17 |
9. | Governance | 18 – 19 |
10. | Financial Review | 20 – 23 |
11. | Statement of Trustees Responsibility | 24 |
12. | Auditors Report | 25 – 31 |
13. | Financial Statements | 32– 34 |
14. | Notes to the Financial Statements | 35 – 49 |
Right There Trustees’ Annual Report
Joint Board Chair and Chief Executive Statement
At Right There, we meet people where they are in life with no judgement; walking alongside those who need support and preventing them becoming homeless or separated from the people they love. We believe that everyone deserves an equal chance to create a safe and supportive place to call home, which is why our work focuses on preventing homelessness and breaking the cycle of homelessness that some individuals and families find themselves in.
During 2022-2023, the number of people experiencing homelessness in Scotland hit an all-time high. In the first 6 months of the year alone, 15,414 households were assessed as homeless – that’s more than 80 households every single day.
Furthermore, on 30 September 2022, over 9,000 children were living in temporary accommodation in Scotland. That’s 9,000 children without a permanent home.
Colleagues and volunteers across Right There are driven by these shocking statistics to do something to help. We know that every number represents an individual or family who is going through a really difficult time and who needs support. And we want to be right there to offer that support.
In 2022-23, we worked with 3,802 children, adults, and families who had been impacted by the effects of poverty, homelessness, addiction, childhood trauma and other major life events. We know that everyone’s journey is unique, and our support is tailored to the individual.
Last year, we did a significant amount of work refining and strengthening our model of support so that we could be there for more people going through some of the toughest moments in life. The model demonstrates that at the heart of everything we do is tailored support to help people create and keep a home. Wrapped around this, we offer life-changing counselling, mentoring and coaching, with the aim of preventing homelessness.
Financial year 2022-23 was year one of our new 5-year strategy – ‘Growing Together’, and we were pleased to continue to impact positively on the lives of so many people across Scotland. For example, we saw our Orkney programme expand to offer wellbeing support to augment our well-established accommodation and counselling services. We continued to offer accommodation to 93 people and support 1,461 people in Edinburgh to maintain their home, with 98% not re-presenting as homeless within 12 months. And, working in partnership in the Glasgow area, we supported 76 families and 37 young people who were going through a particularly difficult time with intensive family support and mentoring.
Although we made progress in the last year, we continued to experience significant challenges as a result of the enduring impact of the Covid pandemic and other external factors. As reported by the Scottish Government, high rates of inflation resulted in
1 The Cost of Living Crisis in Scotland: analytical report, 2 November 2022
Right There Trustees’ Annual Report
Joint Board Chair and Chief Executive Statement (continued)
a cost of living crisis, which has had a detrimental impact on, amongst others, communities, households and the delivery of key public services.
Covid-19 exposed, and in some cases exacerbated existing inequalities in Scotland. This resulted in an increased need for our programmes at a time when funding was reducing.
For example, in Glasgow we continued to offer temporary accommodation to 822 households throughout the year. More of the people seeking our support had higher needs, which led to the cost of the support we offered being higher than anticipated. In addition, we experienced an increase in the level of housing benefit debt incurred by tenants, who were protected by the Scottish Government’s policy on no evictions. In consultation with our auditors, we took the decision to write-off a significant level of debt at the end of the year. As such, we were extremely happy to have maintained a stable financial position and continued our level of support given the financial challenges we faced.
We started the year having settled a historic pensions deficit and we hoped to generate a small surplus to increase our reserves in line with the Board’s approved policy. We were pleased to end the year on 31 March 2023 having generated a small surplus of £5,903.
In spite of the pressures and an escalating cost of living crisis, we will continue to do everything we can to be there for people who may need us.
This report describes our first year working to deliver our ‘Growing Together’ organisational strategy. We’d like to end with a heartfelt thank you to everyone involved in our work, including our staff, supporters and volunteers, we simply couldn’t do what we do without your compassion, dedication, and generosity. With your help, we can continue to be a responsive and resilient organisation and be there for people 365 days a year.
Robert Cowie | Janet Haugh |
Chair of Board of Trustees | Chief Executive |
Right There Trustees’ Annual Report
Difference We Made
We are here for people 365 days of the year.
During 2022/2023, we supported 3,802 people of all ages, preventing them becoming homeless or supporting them on their unique journey out of homelessness.
For People
Worked alongside 198 families and young people, providing wellbeing and intensive relationship support to help them feel healthier and happier to achieve their aspirations.
At Home
Supported 1,216 individuals and families with high-quality and safe accommodation as they moved forward on their journey out of homelessness.
In The Community
Worked with 2,388 people living in communities - equipping them to keep their home, live more independently and build stronger connections within the local area.
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023
Vision, Mission and Values
Our Vision
A world where everyone has an equal chance to create a safe and supportive place to call home.
Our Mission
We meet people where they are in life, with no judgement; walking alongside those who need support, while preventing them becoming homeless or separated from those they love.
Our Values
Our values are at the heart of everything we do - defining how we work together with everyone involved in our work.
Respect
We treat everyone the same way – with dignity and respect. You’ll find no judgement here.
Integrity
We take great pride in having high standards and transparency about our goals and progress as a charity.
Compassion
We understand the importance of empathy, and the power of a shoulder to lean on.
Aspiration
We firmly believe in the goodness of people; their strengths and what makes them unique.
Reflection
We are always learning to be the best we can be.
Our charitable objectives
Our work is aligned to our charitable objectives as recorded in our governing documents.
• | To support positive change in people’s lives. |
• | To promote equality and diversity and racial harmony based on equal value of all persons. |
• | To promote the intellectual, social, and physical wellbeing of all people who are deemed to need our service. |
• | To advance education to enable people to improve their understanding of the world, of themselves and of one another. |
• | To advance citizenship and community development to encourage the involvement of people in the care and work for others. |
• | To relieve those in need by reason of their age, ill-health, disability, financial hardship or other disadvantage. |
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
Strategic Priorities
Our strategic plan ‘Growing Together’ sets out our aims and objectives over the five years 2022-2027. Financial year 2022-23 was the first year of this new organisational strategy.
Our strategic ambition
We will provide the right support at the right time for those who need us the most so that more people can have a settled home life, and fewer people become homeless or separated from their families.
‘Growing Together’ is underpinned by five strategic aims:
1. Provide the best possible support for people whatever their situation
2. Be accessible and available for those who need us most
3. Strengthen community connections
4. Build a sustainable and dynamic organisation
5. Invest in our outstanding team
You can read more about how we have worked towards our vision in the report that follows.
To read our strategy in full, please visit rightthere.org
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
Where We Work
Scotland is seeing a rapid increase in social inequalities, and we are committed to growing our work in areas where we can make the biggest difference.
Rooted in communities, we enjoy building relationships with those around us, whether that be local churches, foodbanks, or community police, and creating opportunities for the people we support to feel part of and contribute to their community.
Right There offers programmes For People, At Home and In The Community. Our work spans from Orkney Islands, through the Highlands and down to the central belt of Scotland, including Edinburgh, Glasgow and Lanarkshire.
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
For People, At Home and In The Community
For People
In Scotland, the leading cause of youth homelessness is relationship breakdowns and having to leave the family home. It’s estimated that up to 50% of people who have experienced homelessness could have also experienced living in care when growing up.
We know that poor mental health can make it harder to cope with everyday life which can include anything from maintaining a house to staying in education and work.
Our For People programmes help support families going through difficult times and young people living in care to help prevent relationship breakdowns and homelessness, through counselling, mentoring and intensive family support.
Last year:
• | We doubled the number of families provided with intensive family support in Glasgow. We continued to work closely with three other charities and Glasgow Health and Social Care Partnership to deliver person-centred support for 76 families, at a crisis point and foster stronger and healthier relationships. |
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• | 60 children and young people struggling with their mental health were supported through our specialised wellbeing, relationship support and counselling programmes. |
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• | 37 young people with care experience were supported through our volunteer mentor programme. Our mentors met their mentees weekly and built trusting relationships with young people - helping them to have fun and experience new things, whilst working towards their goals. |
Personal Story
Supporting the Whole Family
Our Intensive Family Support team in Glasgow are highly skilled in providing psychologically informed and strength-based support for families in crises.
After his family fled from domestic abuse, Connor’s relationship with other family members had broken down and he lived in kinship care with his gran. Reaching his teenage years, Connor was becoming violent and aggressive and wasn’t attending school, with questions around substance misuse. With his family reaching a crisis point, social work referred him to Right There’s Intensive Family Support team.
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
For People (continued)
Aaron, the family’s support worker, worked with the whole family at their pace to support them on the journey of creating a happier and healthier family life together.
All families need help from time to time and a key part of the support was reassuring the family that they weren’t failing. Instead, our team supported the family to focus on their strengths and empowered them with the tools to move forward in a sustainable way.
A big part of the family support programme is being a consistent and becoming a trusted person for the family to lean on and work through their issues together in a positive way.
Part of this approach was working alongside the family to help build stronger communication and create a safety plan to support them when things got tough at home, resulting in them avoiding having to contact the police or other agencies.
Another big part of Connor’s support was connecting him into the wider community. Aaron worked with the school and local youth groups to help other services build more of an understanding of Connor’s psychological needs to help prevent things that might trigger him before he attended different groups or classes.
Working closely with Connor and his family for over a year, Connor has seen huge changes in his life. He’s now attending school more frequently, living permanently with Gran and is reconnecting and building a better relationship with his mum and his siblings.
Things improved so much the family feel confident and equipped to go their own way. However, while the family support is no longer required, Aaron recognised it was still important for Connor to have a positive male role model in his life. He now continues his journey with Right There through the charity’s mentoring programme, and his relationship with Aaron as his volunteer mentor.
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
At Home
For those experiencing homelessness, or at risk of losing their home, we are often the first step in their journey.
No one should ever have to go through the traumatic experience of homelessness. For anyone in that situation, we can offer a safe, welcoming, and stable home. From supported accommodation for young people, or short-term housing for adults and families to create a home until they are ready to move on, we supported 1216, households during the year.
• | We supported 167 people in South Lanarkshire with emergency accommodation during a period of crisis. |
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• | We offered a safe home and dedicated support to 133 young people going through a period of transition or difficult time, for example, leaving care or fleeing violence. |
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• | 823 individuals and families were provided with a safe place to call home whilst they adjusted to changes in their life and prepared to move on to their permanent home. |
Personal Story
A Place To Feel Safe And Reset
People become homeless for a many different reasons and their journeys out of homelessness are just as unique. David’s story is just one from the almost 4,000 people Right There supported last year.
From 7 years old, David grew up in care, moving around frequently and not having a permanent place to call home. As soon as he was old enough, David, now 21, was determined to make a good life for himself and worked his way up in hospitality while studying social sciences.
And for a time, things were going well. David had a house, a successful job and relationship. But things started to take their toll. He says: “I was mentally exhausted from working 12-hour shifts every day. I had lost my mum and I was having issues with substance misuse and debt. I felt really scared and lonely.”
Quite quickly everything snowballed, losing his job and having little support network around him. With the owned, David had to leave his home due to the fear of violence.
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
At Home (continued)
Arriving at Right There’s supported accommodation in South Lanarkshire, David says:
“When I arrived, I was as quiet as a mouse for the first 3 weeks. I couldn’t believe I had gone from having everything to showing up with a backpack of clothes.”
Resilient by nature, David saw the supported accommodation as an opportunity to “reset and get my addiction and debt under control, in a place where I feel safe.”
Through tailored one-to-one sessions run by our skilled support team, they worked alongside David, giving him a safe and supportive space to talk and work through his feelings.
He says:
“The staff played huge role in making people feel safe. I don’t even see them as staff - they aren’t fake or use their authority against you. It feels like they care, and I knew I could go to anyone of them if I needed help, whether it was to talk or help with my paperwork.”
“I will always be in recovery. But the biggest change for me is my mental health, I got my smile back.”
David now has his own home in a safer area, he adds: “I am going to the gym, paying off my debts and training for a new job. I want to be successful in life and know I can be. “
He explains:
“I know how much this place helps people and the opportunities it can give you. When I am ready and more settled with some money behind me, I’d like to come back and volunteer and maybe go into social care as a career.
“You can change someone’s life by sitting talking to them and showing you care. “
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
In the Community
Rooted in communities we are there for people who are ready to live more independently in their own homes.
• | From the Highlands to Edinburgh, our Reach Out programmes supported 1,846 individuals and families with practical housing advice and connecting them to specialised community services. |
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• | For 542 people looking to get onto the private rental market, we provided a helping hand, with our Help to Rent Programme by removing the financial barrier of an upfront deposit. Enabling people to pay back with what’s realistic to their living situation. |
Personal Story
A Safe Place to Call Home
Arriving in Glasgow, Saffa and his family were traumatised by the experience of living in Iraq. Seeking safety and the opportunity to create a new life for his wife and 3 children, Saffa's family was moved into a high-rise flat whilst seeking asylum in the UK. However, this left them extremely isolated, and the children were struggling to attend school.
Following a referral from their case worker, the family came to Right There’s Help To Rent Programme – where we work with private landlords and provide financial assistance to make rental deposits affordable, allowing more people to access the rental market.
Helen, Right There’s Tenant Liaison Worker, did everything she could to support the family and sourced a 4-bedroom house for them from a private landlord in the East End of Glasgow. Always going above and beyond, Helen and the team realised how little belongings the family had and sourced them beds and other items so the children could be comfortable and warm.
Now settled into their new home, the family have a chance to create a home and life they truly deserve. And with their asylum approved, they can look forward to the future with hope of a fresh start and a safe place to call home.
Saffa says: “My family could not be happier, and I will be eternally grateful for all that you have done for us.”
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
Making it happen
Right There People, Processes and Priorities
‘A vision without a plan is just a dream. A plan without a vision is just drudgery…but a vision with a plan can change the world.’
| Old Proverb |
Financial year 2022-23 was the first year of our 5-year strategy – ‘Growing Together’ – which has five strategic aims, to:
1. Provide the best possible support for people whatever their situation
2. Be accessible and available for those who need us most
3. Strengthen community connections
4. Build a sustainable and dynamic organisation
5. Invest in our outstanding team
Aim 1: Provide the best possible support for people whatever their situation
We knew that to provide the best possible support, we needed to have a robust and consistent approach to creating and recording individualised plans for every person. During 2022-23, we introduced a new support planning tool. Rather than ‘scoring’ people against set outcomes or criteria, we wanted to ensure our support was tailored to the things that mattered most to each person.
So, we linked our support planning tool to our Theory of Change, as that is the journey people have told us will lead to them having a safe and supportive place to call home. Our support plans aim to provide support that is truly person-centred by identifying an individual’s strengths and creating an achievable plan that builds on them.
We will continue to develop our support planning tool during 2023-24, to start to measure the impact of our work at an individual, programme, community and organisational level.
Aim 2: Be accessible and available for those who need us most
We want people to have access to the right support, in the right place, at the right time. And that means we need to really listen to people to help identify what support is best for them.
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
At Right There we tailor the support for every individual – whether that’s with practical support or help to build relationships. And wherever possible, we also offer access to counselling, coaching and mentoring, to suit their needs.
We want to ensure that those who need us most know we are there for them by making our offer clear. So, last year we took time to define our ‘model’ of support (see diagram below) so we could share it with the people we support, to help them to identify what support is best for them.
Aim 3: Strengthen community connections
Our teams do incredible work and they make a huge impact on people’s lives every day.
We know we cannot achieve our vision alone and we need the support of many people to deliver our mission.
Through our communications activity we want to help destigmatise adverse life events, including homelessness, mental health and being in care, and build community support for what we do.
And so many people we support want to help others by sharing their life experiences. During last financial year, our teams worked with people who were at the right stage of their journey to help them tell their stories to difference audiences across multiple channels to inspire others to reach out for help.
Community Spotlight
Last year, we were hugely grateful to have support from a number of local partners who helped raise funds and awareness of our work in local communities. In particular, we were excited for the first Right There supporter fundraiser event run by Muiredge Primary School in South Lanarkshire. The pupils jumped for joy during a Jumpathon fundraiser raising an impressive £1,200. Our team went along to the school to talk to the primary 2 class about the causes of homelessness, supporting our aim in destigmatising adverse life events.
This is an important area of work that we’ll continue to develop as we aim to grow awareness and unrestricted income, so we can be there for more people who may need support.
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
Aim 4: Build a sustainable and dynamic organisation
To ensure Right There can adapt and deliver the best possible support, we need to be dynamic and have robust financial stewardship. Last year we reviewed and improved our internal financial controls and reporting framework and strengthened our approach to risk management and reporting. This included the development of additional KPIs and reporting tools and introducing more regular risk-based scenario planning.
Each year, every programme produces its unique Annual Reflection and Improvement Plan (ARIP) that aligns to the strategic plan. The process continues to improve each year and is supported by annual team development days which ensures everyone has the opportunity to shape plans for the future.
Aim 5: Invest in our outstanding team
Nothing would be possible without Right There colleagues working across Scotland. We know they do an incredible job and we want to ensure they feel equipped and empowered to do the best they can every day.
We held our annual Staff Festival in October 2022. We had over 120 colleagues attend, with this year’s theme being ‘We Are Right There’. As ever, the day ended with our Thank You Awards being presented to recognise the achievements of our colleagues and volunteers who continue to show incredible compassion, determination and innovation in supporting people.
In 2022-23, we developed a workforce planning tool and introduced new bespoke learning pathways to our Learning Academy for different roles across the organisation.
We also created a team to develop and lead our People First approach. This is unique to Right There and builds on our learning in Psychological Informed Environments (P.I.E.) and trauma informed, person-centred and strengths-based practice. The team includes our in-house Psychologist and will see our People First approach being rolled-out across the organisation during 2023-24.
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
Looking ahead
As we enter year two of our ‘Growing Together’ strategic plan, we remain committed to provide the right support at the right time for those who need us the most so that more people can have a settled home life, and fewer people become homeless or separated from their families.
We will build on the work done last year to:
1. Provide the best possible support for people whatever their situation
2. Be accessible and available for those who need us most
3. Strengthen community connections
4. Build a sustainable and dynamic organisation
5. Invest in our outstanding team
We have identified 5 strategic projects for 2023-24 linked to strategic aims and aligned to our organisational values.
Respect | Equality in Action | To provide an equal voice to colleagues, volunteers and every person we support. |
Integrity | Good Stewardship | To ensure we have a robust control framework consistently applied. |
Compassion | People First | To embed the Right There approach across the whole organisation. |
Aspiration | Grow Together | To build community support and connections. |
Reflection | Doing the Right Thing | To empower people by setting clear roles, responsibilities and expectations. |
To read our latest strategy in full, you can visit rightthere.org
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
Governance
Board of Trustees
Chief Executive
Company secretary
Registered office
Scottish Charity Number | Scottish Company Number |
SC017093 | SC394447 |
External Auditor | Solicitors | Bankers | Investment Managers |
Ascot Lloyd | |||
2 Atlantic Square | 120 Bothwell Street | Level 6 | Sovereign House |
31 York Streeet | Glasgow | 110 St Vincent Street | 153 Queen Street |
Glasgow | G2 7JL | Glasgow | Glasgow |
G2 8NJ |
| G2 5ER | G1 3BJ |
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| Resigned April 2023 |
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
Trustees
The charity operates under its Articles of Association and is a company limited by guarantee. The governing body is the Board of Directors, which consists of no more than 15. The Directors are also members of the company and Charitable Trustees.
Trustees are recruited through national recruitment campaigns, with successful candidates selected through a robust interview process.
There is an induction and training session for newly appointed Trustees and refresher updates for those continuing on the Board. Qualifying third party indemnity provisions are in place for the benefit of the directors throughout the year.
There are currently 10 Trustees, who meet four times each year to review strategy and performance. At least one of those meetings is a full day to allow an in-depth review of the charity’s past performance and future direction. The Board have also introduced short interim meetings four times a year where they review performance.
Following a Governance review, the remit of the Audit and Risk Committee has been extended to include Finance – Finance, Audit and Risk Committee – and a Remuneration and Nominations Committee has been established. Committees meet at least four times per year to assist the Board in exercising their responsibilities within Right There.
Management
The Right There Trustees delegate the day-to-day operations of the charity to the Chief Executive, supported by the Leadership Team. The senior members of staff and their responsibilities at the date of this report are as follows:
Janet Haugh, Chief Executive Officer
Jennifer Allan, Head of People
Renzo Cardosi, Head of Development
Fiona McAuliffe, Head of Communications
The above listed management personnel are authorised by the Board to make decisions on the day to day running of the organisation. This includes financial, staffing, and operational decisions. The remuneration of the charities key management is set, monitored, and reviewed by the Board. The overall pay budget for the key management posts will consider factors such as external benchmarking, performance of role holders and other factors including affordability.
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
Finances
Financial Review
The year to 31 March 2023 continued to be a challenging period, with the continued impact of covid and other external factors such as the cost-of-living crisis. These all resulted in added financial pressures on the charity.
Total charity income for the year, amounted to £10,704k which is an increase of 5.8% on the previous year (2022 - £10,118k) and operating costs within the year were £10,680k representing an increase of 2.3% (2022 - £10,436k). This has resulted in a surplus for the year of £5.9k (2022 - £1,360k deficit).
Within the year income comprised:
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• | Donations received | £34k |
• | Project and Contract Income | £10,670k |
• | Investment Income | - |
The increase in income during the year was primarily a result of the Social Care Uplifts.
There was a slight increase in expenditure as a result of inflation and general price increases, and in some of our programmes we witnessed an increase in the needs of the people we support, which lead to further cost increases. In addition, at our temporary accommodation programme in Glasgow, we also experienced an increase in the level of housing benefit debt incurred by tenants who were protected by the Scottish Government’s policy on no evictions. We took the decision to write-off £474k of debtor balances at the end of the year.
We were pleased to maintain a stable financial position and continue to deliver support given the financial challenges we faced.
Reserves
It is the policy of the charity to maintain general funds, which have arisen from past operating results, at an appropriate level. Based on current requirements, the policy reserve level is £1,004k. This allows sufficient funds to enable the on-going work of the charity to be maintained in line with its charitable objectives. As of 31 March 2023, the charity had free reserves (being unrestricted funds excluding long term liabilities and unrestricted designated funds) of £1,730k. (2022 - £439k).
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
Finances (continued)
Reserves of the organisation at the year-end are as follows:
Unrestricted Funds
• | General | £ 1,094,414 |
• | Pension | - |
• | Designated Funds | £ 2,264,677 |
Restricted Funds
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| Restricted Funds | £ 142,915 |
Refer to note 17 for an explanation of funds.
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
Investments / Treasury Management
In accordance with the Articles of Association, the Directors have power to acquire and sell investments and to hold them in a nominee name. The Charity held listed share investments of £216k as at 31 March 2023. The Trustees approved the sale of these Investments which were liquidated after the balance sheet date and transferred into cash.
Going Concern
The financial statements have been prepared on a going concern basis. Forecasts and cash flows for the period to 30th September 2024, have been prepared including reverse stress testing in respect of availability of funding and income resources to ensure the charity’s has sufficient liquidity and ability to continue as a going concern. Based upon the forecasts and cash flows prepared, the trustees are confident that the actions and strategies implemented together with the financial results support the going concern position. The charity also has sufficient cash reserves which could be utilised if there was a requirement to do so. Therefore, a going concern basis of accounting has been adopted when preparing the financial statements.
Risk Management
Right There has a duty of care to the people we support, our staff, volunteers, and partners. To ensure that our work can continue to effectively make a difference to people’s lives, Right There has established further structures and processes to manage risks.
Through the Board and Committee structure in place, the directors have continued to review and assess the major risks to which the entity was exposed and ensure that these risks are managed and mitigated where necessary. A strategic risk register is in place, and is in use by management, Finance, Audit and Risk Committee and Board. The register is updated and reviewed regularly to ensure that it is reflective of the organisation's current risks, existing controls, planned actions, and progress against targets.
The systems and processes previously developed and implemented continue to be applied and, where appropriate, improved to ensure we provide a safe and supportive environment for our staff, people we support, programmes, and communities we serve.
Going forward the key risks to the organisation are income streams which are under pressure as a result of public sector budgetary constraints and the continued current cost of living crisis, and the impact this has, not only in rising costs and reduction in funding, but on our staff and the people we support.
To mitigate the anticipated future risks, we continue to develop our relationships with our funders, partners, and key stakeholders, adopting a collaborative approach where possible to ensure that our services continue to be appropriate and suitable for peoples’ needs.
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
We will continue to evaluate and monitor the quality of our services and ensure that is clearly evidenced, and we will apply our knowledge and awareness of changes within the sector to adapt to external factors.
Another key mitigation factor in managing risk continues to be the implementation of “Growing Together” our 5-year strategy 2022-2027. This continues to be our guide as we plan for the future.
We will continue to be flexible in our approach and the way we work. We continue to invest in our people and organisation to build the knowledge, skills and experience to manage and mitigate current risks, and future challenges and uncertainties.
The organisation produces monthly financial management information, annual budgeting, quarterly reforecasting, and regularly reviews and discusses this information at management, committee and Board level, in line with our financial reporting framework. In addition to this, a number of forecasting, scenario planning and reverse stress testing are utilised, and continue to be improved, to assess the ongoing impact of the financial challenges we face. Based on the information produced, the Trustees are satisfied Right There will be able to continue its operations in line with its charitable and strategic objectives. The organisation also has sufficient cash reserves in place to support its strategic plans.
Auditor
On behalf of the Trustees:
___________________________________ |
| ______________________________ |
Robert Cowie |
| Elizabeth Taylor |
Chair |
| Vice Chair |
Date: |
| Date: 28 September 2023 |
Right There Trustees’ Annual Report
(Incorporating the strategic report and Directors’ report) for the year ended 31 March 2023 (continued)
Statement of Trustees’ responsibilities for the year ended 31 March 2023
The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law and charity law requires the Trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law and charity law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period.
In preparing these financial statements, the Trustees are required to:
• | select suitable accounting policies and then apply them consistently; |
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• | make judgements and accounting estimates that are reasonable and prudent; |
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• | state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; |
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• | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. |
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charities and Trustee Investment (Scotland) Act 2005. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF
RIGHT THERE
Opinion on the financial statements
In our opinion, the financial statements:
• | give a true and fair view of the state of the Charitable Company’s affairs as at 31 March 2023 and of its incoming resources and application of resources for the year then ended; |
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• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
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• | have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006, as amended. |
We have audited the financial statements of Right There (“the Charitable Company”) for the year ended 31 March 2023 which comprise the statement of financial activities, the balance sheet, the cash flow statement, and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF
RIGHT THERE (CONTINUED)
Independence
We remain independent of the Charitable Company in accordance with the ethical requirements relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.
Conclusions related to going concern
In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charitable Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Other information
The Trustees are responsible for the other information. The other information comprises the information included in the Trustees’ Annual Report, other than the financial statements and our auditor’s report thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF
RIGHT THERE (CONTINUED)
Other Companies Act 2006 reporting
In our opinion, based on the work undertaken in the course of the audit:
• |
| the information given in the Trustees’ Annual Report, which includes the Directors’ Report and the Strategic report prepared for the purposes of Company Law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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• |
| the Strategic report and the Directors’ Report included within the Trustees report have been prepared in accordance with applicable legal requirements. |
In the light of the knowledge and understanding of the Charitable Company and its environment obtained in the course of the audit, we have not identified material misstatement in the Strategic report or the Trustees’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion;
• | proper and adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
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• | the financial statements are not in agreement with the accounting records and returns; or |
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• | certain disclosures of Trustees’ remuneration specified by law are not made; or |
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• | we have not received all the information and explanations we require for our audit. |
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF
RIGHT THERE (CONTINUED)
Responsibilities of Trustees
As explained more fully in the Statement of Trustees’ Responsibilities, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the Charitable Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charitable Company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the Acts and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Extent to which the audit was capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF
RIGHT THERE (CONTINUED)
Non-compliance with laws and regulations
Based on:
• | Our understanding of the Charitable Company and the sector in which it operates; |
• | Discussion with management and those charged with governance; |
We considered the significant laws and regulations to be the applicable accounting framework, the Charities and Trustee Investment (Scotland) Act 2005, the Companies Act 2006 UK tax legislation etc.
The Charitable Company is also subject to laws and regulations where the consequence of non-compliance could have a material effect on the amount or disclosures in the financial statements, for example through the imposition of fines or litigations.
Our procedures in respect of the above included:
• | Review of minutes of meeting of those charged with governance for any instances of non-compliance with laws and regulations; |
• | Review of legal expenditure transactions to understand the nature of expenditure incurred. |
Fraud
We assessed the susceptibility of the financial statements to material misstatement, including fraud. Our risk assessment procedures included:
• | Enquiry with management and those charged with governance regarding any known or suspected instances of fraud; |
• | Obtaining an understanding of the Charitable Company’s policies and procedures relating to: |
• | Detecting and responding to the risks of fraud; and |
• | Internal controls established to mitigate risks related to fraud. |
• | Review of minutes of meeting of those charged with governance for any known or suspected instances of fraud; |
• | Discussion amongst the engagement team as to how and where fraud might occur in the financial statements; |
• | Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. |
Based on our risk assessment, we considered the areas most susceptible to fraud to be revenue recognition and processing of inappropriate journals.
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF
RIGHT THERE (CONTINUED)
Our procedures in respect of the above included:
• | addressing the risk of fraud through management override of controls by testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in accounting estimates are indicative of a potential bias; and evaluating the business rationale of significant transactions that are unusual or outside the normal course of business; |
• | vouching balances and reconciling items in key control account reconciliations to supporting documentation as at 31 March 2023; |
• | carrying out detailed testing, on a sample basis, of transactions and balances agreeing to appropriate documentary evidence to verify the completeness, existence and accuracy of the reported financial statements. |
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.
A further description of our responsibilities for the audit of the financial statements is located at the Financial Reporting Council’s (“FRC’s”) website at:
https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF
RIGHT THERE (CONTINUED)
Use of our report
For and on behalf of BDO LLP, statutory auditor
Date: 28 September 2023
BDO LLP is a limited liability partnership registered in England and Wales (with registered number OC305127).
Right There Trustees’ Annual Report
Charity Statement of Financial Activities
(Incorporating income and expenditure account and statement of recognised gains and losses) For the year ended 31 March 2023
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| Notes | General | Funds | Restricted | 2023 | 2022 |
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| £ | £ | £ | £ | £ |
Income: |
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Donations and legacies | 2 | 34,111 | - | - | ||
Income from charitable activities: |
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Grant and contract income | 3 | 10,452,958 | - | 216,562 | ||
Investment income |
| - | - | - | - | - |
Total income |
| 10,487,069 | - | 216,562 | ||
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Expenditure: |
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Use of Investment Reserve |
| - | - | - | - |
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Impairment of Property | 9 | - | - | - | - | |
Charitable activities | 4 | 10,363,180 | 99,901 | 216,562 | ||
Total expenditure |
| 10,363,180 | 99,901 | 216,562 | ||
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Loss on Sale Investment Property |
| - | - | - | - | - |
Net gains/(deficit) on investments | 10 | (18,085) | - | - | ( | |
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Net (expenditure)/income before transfers |
| 105,804 | (99,901) | - | ( | |
Transfer between funds | 16 | 1,194,313 | (763,439) | (430,874) | - | - |
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Other recognised gains and losses |
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Pension Cost |
| - | - | - | - | ( |
Movement in funds |
| 1,300,117 | (863,340) | (430,874) | ( | |
Total funds brought forward at 1 April 2022 | 15 | (205,703) | 3,128,017 | 573,789 | ||
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Total funds carried forward at 31 March 2023 | 15, 19 | 1,094,414 | 2,264,677 | 142,915 |
The notes on pages 35 to 49 form part of these financial statements.
Right There Trustees’ Annual Report
Charity Balance Sheet | Company Registration Number: SC394447 |
As at
| Notes | Charity 2023 | Charity 2022 |
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| £ | £ |
Fixed assets |
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Tangible fixed assets | 9 | ||
Investments | 10 | ||
Total Fixed Assets |
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Current assets |
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Stock |
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Debtors | 11 | ||
Cash in bank and on hand |
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Total Current Assets |
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Liabilities |
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Creditors amounts falling due within one year | 12 | ( | ( |
Net current assets |
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Total Assets Less Current Liabilities |
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Creditors: |
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Amounts falling due greater than one year | 13 | ( | - |
Net Assets excluding pension liability greater than one year |
| 3,502,006 | 3,496,103 |
Pension liability |
| - | - |
Total net assets |
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The funds of the charity: |
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Unrestricted funds: |
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General | 15, 19 | ||
Pension | 15, 19 | - | ( |
Designated funds | 15, 19 | ||
Restricted funds | 15, 19 | ||
Total funds |
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The financial statements were approved by
Robert Cowie | Elizabeth Taylor |
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Chair | Vice Chair |
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Date: | Date: 28 September 2023 |
The notes on pages 35 to 49 form part of these financial statements.
Right There Trustees’ Annual Report
Statement of Cash Flows
For the year ended 31 March 2023
| 2023 | 2022 |
| £ | £ |
Cash flows from operating activities |
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Net (expenditure)/income per Statement of Financial Activities | ( | |
Interest payable | ||
Interest receivable | - | - |
Property Impairment | - | |
Depreciation charge | ||
Pension Liability Settlement | ( | ( |
Pension Cost | - | |
Net (gains)/losses on investments | ( | |
(Increase)/decrease in Stock | ( |
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(Increase)/decrease in debtors | ||
(Decrease)/Increase in creditors | ( | ( |
Net cash (used in)/provided by operations | ( | ( |
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Cash flows from investing activities |
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Payment for tangible fixed assets | ( | ( |
Interest Received | - | - |
Net cash provided by (used in) investing activities | ( | ( |
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Cash flows from financing activities |
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Repayment of borrowings | ( | ( |
Bank Loan Drawn Down | - | |
Interest paid | ( | ( |
Net cash provided by (used in)/generated by financing activities | ( | |
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Net (decrease)/increase in cash and cash equivalents in the year | ( | ( |
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Cash and cash equivalents at the beginning of the year | ||
Cash and cash equivalents at the end of the year | ||
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Analysis of cash and cash equivalents |
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Cash in hand and in bank | ||
Total cash for cash flow purposes | ||
Term deposits | - | - |
Total cash at bank and in hand per balance sheet |
The notes on pages 35 to 49 form part of these financial statements.
Right There Trustees’ Annual Report
Notes to the Financial Statements
For the year ended 31 March 2023
1. Accounting policies
Right There is a private company limited by guarantee and Scottish Registered Charity incorporated in
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company’s accounting policies.
Right There meets the definition of a public benefit entity under FRS 102.
Going concern
The organisational structure, business objectives, and principal activities are set out within the trustee’s report. The strategic report further describes the organisations achievements, financial performance, future plans and principal risks and uncertainties facing the organisation.
The organisation is able to pay operating costs, and service debt through its operating surpluses. Based upon the forecasts and cash flows prepared for the 12 months from October 2023, the trustees are confident that the actions and strategies implemented together with the financial results support the going concern position. The charity also has sufficient cash reserves and property, which could be utilised if there was a requirement to do so however it is the Board’s view that this course of action would be unlikely.
The organisation’s cash flow and projections taking account of all risks and uncertainties show that the organisation should continue to operate without the requirement of an overdraft, or further borrowings. It is the view of the Board that the organisation has adequate income generation, and resources to continue to operate for the foreseeable future. Therefore, the annual financial statements have been prepared on the basis of going concern.
Right There Trustees’ Annual Report
Notes to the Financial Statements (continued)
Income recognition
Unless otherwise stated, all income is included gross in the Statement of Financial Activities when a legal entitlement has been established, the amount can be quantified with reasonable accuracy and there is reasonable expectation of receipt. This treatment is in accordance with the Statement of Recommended Practice. Contractual income is recognised in the Statement of Financial Activities to the extent that the charity has provided the service.
Donations are included in the Statement of Financial Activities in the year which they are received. Grants received from local authorities are recognised when the charity becomes unconditionally entitled to the grant.
Investment income is included when receivable.
Tangible fixed assets
Buildings | - | |
Furniture and equipment | - | |
Vehicles | - | Up to |
Freehold land is not depreciated.
Right There Trustees’ Annual Report
Notes to the Financial Statements (continued)
The Trustees do not consider the value of the Land and Buildings held to be less than their carrying value in the financial statements. The Trustees give consideration to the impairment of fixed assets on a regular basis.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred and includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates:
Charitable expenditure comprises those costs incurred in the delivery of the charity’s activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs are allocated on a time apportionment basis for staff costs.
Governance costs include those costs associated with meeting the constitutional requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. These are included in support costs.
Other expenditure comprises the depreciation charge for the year.
The charity contributes to a defined contribution pension scheme. The Statement of Financial Activities charge represents the cost to the charity.
Leased assets – lessee
Funds are defined as follows:
Unrestricted funds comprise grants and other income received for the objects of the Organisation without further specified purpose and are available as general funds.
Designated funds represent unrestricted funds which have been earmarked by the Trustees for particular purposes.
Restricted funds comprise grants and other income received for spending on specified purposes as specified by the donor.
Right There Trustees’ Annual Report
Notes to the Financial Statements (continued)
Cash and cash equivalents
Financial Instruments
Key judgements and estimates
In preparing these financial statements, the Trustees have made the following judgements:
(a) | The critical assumptions underlying the pension deficit recovery plan recorded on the balance sheet include discount rates. This is as disclosed in note 16 to these financial statements. |
Right There Trustees’ Annual Report
Notes to the Financial Statements (continued)
2. Income from donations and legacies
| Unrestricted |
| 2023 | 2022 | |
Charity | General | Designated | Restricted | Total | Total |
| £ | £ | £ | £ | £ |
Voluntary income |
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Donations | 34,111 | - | - |
3. Income from charitable activities
Charity | General | Designated | Restricted | 2023 Total | 2022 Total |
| £ | £ | £ | £ | £ |
Housing & Family Support Services | 10,400,933 | - | 216,562 | 10,617,495 | 9,843,689 |
| 10,400,933 | - | 216,562 | 10,617,495 | 9,843,689 |
Support office | 52,025 | - | - | 52,025 | 232,358 |
| 10,452,958 | - | 216,562 |
Support office income received £Nil furlough costs (2022: £5,356), and £Nil Scottish Government Covid payments (2022: £129,208).
Within the Charity in 2022 Housing and Family Support Services had general income of £8,775,687 and restricted income of £1,068,002. Head office had general income of £232,358.
4. Expenditure on charitable activities
| Unrestricted | 2023 | 2022 | ||
Charity | General | Designated | Restricted | Total | Total |
| £ | £ | £ | £ | £ |
Housing & Family Support Services | 8,672,904 | 99,901 | 216,562 | 8,989,367 | 9,334,602 |
| 8,672,904 | 99,901 | 216,562 | 8,989,367 | 9,334,602 |
Support Office | 1,690,276 | - | - | 1,690,276 | 1,101,865 |
| 10,363,180 | 99,901 | 216,562 |
Right There Trustees’ Annual Report
Notes to the Financial Statements (continued)
Within the Charity in 2022 Housing and Family Support Service had general expenditure of £8,234,015 designated expenditure of £104,607 and restricted expenditure of £995,980. Head office had general unrestricted expenditure of £1,101,865.
Total expenditure on charitable activities is derived from the sum of Notes 6, 7 and 8, plus depreciation charge.
5. Net income/(expenditure) for the year
Net (expenditure)/income for the year is stated after charging/(crediting):
| Charity 2023 | Charity 2022 |
| £ | £ |
Auditors remuneration – External audit – BDO LLP | ||
Non audit services – BDO LLP | - | - |
Depreciation of tangible fixed assets | ||
Operating lease rentals – property | ||
Impairment of Property | - |
6. Staff Costs
| Charity 2023 | Charity 2022 |
| £ | £ |
Wages and salaries | ||
Redundancy payments | - | |
Employer’s NIC | ||
Pension costs | ||
Recruitment and agency staff | ||
Life insurance | ||
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Right There Trustees’ Annual Report
Notes to the Financial Statements (continued)
Wages and salaries paid in the year had no furlough payments (2022 £5,356), and no Scottish Government Covid Payments (2022 £129,208).
The average number of employees in the year within the Charity, calculated on a full-time equivalent basis, was
The number of Trustees whose travel expenses were reimbursed was as follows:
Charity | 2023 | 2022 |
| £ | £ |
Number of Trustees | - | - |
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Travel expenses reimbursed | - | - |
| 2023 | 2022 |
The number of higher paid employees in the year was: | No | No |
£90,000 - £100,000 | 1 | 1 |
Pension contributions made in the year in respect of the above employees totalled £
During the year, no trustee received any emoluments (2022 - none).
Key management of the charity are the Chief Executive, Finance Director/Deputy CEO, Director of Programmes, Head Development, Head of People, Head of Communications. The total employee benefits of the key management were £
The number of Key Management employees in the year within the Charity was
7. Other direct costs
| Unrestricted |
| 2023 | 2022 | |
Charity | General | Designated | Restricted | Total | Total |
| £ | £ | £ | £ | £ |
Property costs | 3,693,139 | - | 150 | 3,693,289 | 3,956,022 |
Administration costs | 444,329 | - | 17,218 | 461,548 | 473,162 |
Project costs | 36,172 | - | 3,906 | 40,078 | 44,246 |
Charitable giving | - | - | - | - | - |
Finance costs | 493,650 | - | - | ||
Training costs | 3,004 | - | 39,600 | ||
| 4,670,294 | - | 60,874 | 4,731,168 | 4,525,739 |
Right There Trustees’ Annual Report
Notes to the Financial Statements (continued)
Within the Charity in 2022 property costs had general costs of £3,908,533 and restricted costs of £47,489, administration costs had general costs of £455,635 and restricted costs of £17,527, project costs had general costs of £32,739 and restricted costs of £11,507, finance costs had general costs of £26,145 and training costs had general costs of £23,564 and restricted costs of £2,600.
8. Support costs
Charity | General | Designated | Restricted | 2023 Total | 2022 Total |
| £ | £ | £ | £ | £ |
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Administration costs | 226,721 | - | 6,799 | ||
Professional fees | 60,091 | - | - | ||
Finance costs | 42,329 | - | - | ||
Governance costs | 19,631 | - | - | ||
| 348,772 | - | 6,799 | 355,571 | 343,208 |
In 2022 the Charity had general support costs of £208,850, designated support costs of £106,063 and restricted support costs of £28,295.
9. Tangible Fixed Assets
| Land & Buildings | Furniture & Equipment | Vehicles | Total |
| £ | £ | £ | £ |
Cost or valuation |
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At 1 April 2022 | - | |||
Additions in the year | - | |||
Disposals in the year | - | - |
| - |
At 31 March 2023 | ||||
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Depreciation |
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At | - | |||
Charge for the year | ||||
Disposals | - | - |
| - |
Impairment of Property | - | - |
| - |
At 31 March 2023 | ||||
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Net Book Value |
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At 31 March 2023 | ||||
At 31 March 2022 | - |
Right There Trustees’ Annual Report
Notes to the Financial Statements (continued)
The land and buildings held are inextricably linked to the work of the charity and are not held for investment purposes.
The trustees periodically review the valuation of the Charities properties, no external valuation was carried out in the year to 31 March 2023. The last independent valuation was carried out by Allied Surveyors Scotland, on a market value basis, which resulted in an impairment of £273k in the year to 31 March 2022. The Trustees obtained a desk top review update for 2023 and there was no material change in valuation.
10. Listed investments
| Charity 2023 | Charity 2022 |
| £ | £ |
Market value: |
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Listed Equities | 205,872 | 222,797 |
Cash for Investment | 9,737 | 10,897 |
| 215,609 | 233,694 |
Cost: |
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Listed Equities | 195,412 | 195,412 |
Held at Cost | 5,045 | 5,045 |
Cash for Investment | 200,457 | 200,457 |
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Market value |
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At 1 April | ||
Additions at cost – shares | - | 168,040 |
Disposals at opening book value - shares | - | (168,189) |
Movement in cash balances | - | 5,986 |
Movement in market value | (18,085) | 1,917 |
At 31 March |
During the year, the charity had realised gains of £Nil (2022 - £2,966). Total net gains/(Losses) in investments in the year of the Charity were £(18,085) (2022 – gains of £7,754). The investment portfolio was liquidated post year-end and funds transferred to free cash.
11. Amounts falling due within one year
| Charity 2023 | Charity 2022 |
| £ | £ |
Trade debtors | ||
Prepayments | ||
Other debtors | ||
Accrued income | ||
|
Right There Trustees’ Annual Report
Notes to the Financial Statements (continued)
12. Creditors: Amounts falling due within one year
| Charity 2023 | Charity 2022 |
| £ | £ |
Bank loan | ||
Trade creditors | ||
Other taxation and social security | ||
Accruals and deferred income (note 22) | ||
Pension creditor | ||
Other Creditors | - | |
Pension liability | - | |
|
13. Creditors: Amounts falling due greater than one year
| 2023 | 2022 |
| £ | £ |
Bank loan | - |
A bank loan for the Dava Street Property was fully repaid in July 2022.
In May 2022 a loan for the sum of £1m was taken out to fund the pension buyout. This loan is repayable in 120 instalments of £10,556 fully repayable May 2032 and caries an interest rate of 4% to June 2027, then reducing to 2% for the remaining term of the loan.
The following secured debts are included within creditors:
| 2023 | 2022 |
| £ | £ |
Bank loan | ||
< 1 year | ||
1 – 2 years | - | |
2 – 5 years | - | |
> 5 years | - |
Lloyds TSB Scotland hold a bond and floating charge over the remaining assets. The bank loan is repayable in monthly instalments ending May 2032.
Right There Trustees’ Annual Report
Notes to the Financial Statements (continued)
14. Financial Instruments
| Charity 2023 | Charity 2022 |
| £ | £ |
Financial Assets |
|
|
Financial assets measured at fair value through SOFA |
Financial assets measured at fair value comprise listed investments.
15. Funds
Fund | Balance brought forward at 1 April 2022 | Income | Expenditure | Transfers (note 16) | Closing 31 March 2023 |
| £ | £ | £ | £ | £ |
General | 1,178,832 | 10,487,069 | (10,381,265) | (190,222) | 1,094,414 |
General – pension | (1,384,535) | - | - | 1,384,535 | - |
Designated | 3,128,017 | - | (99,901) | (763,439) | 2,264,677 |
Restricted | 573,789 | 216,562 | (216,562) | (430,874) | 142,915 |
|
|
|
|
|
|
| ( | - |
Right There Trustees’ Annual Report
Notes to the Financial Statements (continued)
16. Fund transfers
| General fund | General Fund - Pension | Designated | Restricted |
| £ | £ | £ | £ |
Pension repayment | (1,384,535) | 1,384,535 |
| - |
Net additions to fixed assets | (134,703) |
| 134,703 | - |
Bank loan repayments | (108,567) | - | 108,567 | - |
Bank Loan | 1,000,000 |
| (1,000,000) |
|
Transfer of utilised reserves | 430,874 |
|
| (430,874) |
Adjustment | 6,709 |
| (6,709) |
|
| (190,222) | 1,384,535 | (763,439) | (430,874) |
Transfers from general funds to designated funds match the expense of net fixed asset additions in the year, any amounts repaid on borrowings and to bring the designated fund into line with the definition in note 17. Transfers from general funds to pension funds are in respect of the pension repayment plan in place, prior to the exit from the pension scheme. Following a full review and reconciliation of all Funds, fully utilised balances which were shown under Restricted Funds, were transferred to Unrestricted Funds. Restricted Funds carried forward have been reconciled to the specific underlying restricted amounts received and still to be utilised post year end.
17. Explanation of funds
General Fund: This fund is used for the furtherance of the charitable objectives of the organisation.
Designated Fund: This fund represents the net book value of fixed assets net of bank loans outstanding at the year end, and Designated Investment reserve.
Designated Fund - Investment: The investment reserve was created in 2021, to provide funds to invest in the organisation, for the furtherance of its charitable aims. The balance of £193k has been carried forward and will be utilised in future years.
Restricted Funds: These are donor restricted funds, received from Funders, including local authorities, which must be used for specified purposes, or are refundable advance payments; the balance of £143k (2022- £574k) represents amounts received from funders not spent in the period to 31 March 2023 and will be expended in year to 31 March 2024.
Right There Trustees’ Annual Report
Notes to the Financial Statements (continued)
18. Designated Funds Breakdown
Fund | Balance brought forward at 1 April 2022 | Income | Expenditure | Transfers (note 19) | Closing 31 March 2022 |
| £ | £ | £ | £ | £ |
Designated | 2,934,081 | - | (99,901) | (763,439) | 2,070,741 |
Designated Investment | 193,936 | - | - | - | 193,936 |
| 3,128,017 | - | (99,901) | (763,439) | 2,264,677 |
19 Net assets by fund
| General fund | Designated | Restricted | Total 2023 | Total 2022 |
| £ | £ | £ | £ | £ |
Tangible fixed assets | - | 3,004,851 | - | ||
Investments | 215,609 | - | - | ||
Current Assets | 1,711,669 | 193,936 | 142,915 | 2,702,365 | |
Creditors due: < 1 year | (832,864) | (82,832) | - | ( | ( |
> 1 year |
| (851,278) | - | ( | - |
| 1.094,414 | 2,264,677 | 142,915 |
20 Operating lease commitments
At 31 March 2023 the Charity had total commitments under operating leases as follows:
| Other | |
| 2023 | 2022 |
| £ | £ |
Lessor: |
|
|
Expiry date: |
|
|
Within 1 year | ||
Between 2 and 5 years | - | - |
| 2023 | 2022 |
| £ | £ |
Lessee: |
|
|
Expiry date: |
|
|
Within 1 year | ||
Between 2 and 5 years | - | - |
Right There Trustees’ Annual Report
Notes to the Financial Statements (continued)
21 Related Party Transactions
22 Deferred Income
| Charity 2023 | Charity 2023 |
| £ | £ |
Balance brought forward | 200,552 | 323,623 |
Deferred income receivable | 150,564 | 200,552 |
Deferred income released to statement of financial activities | (200,552) | (323,623) |
Balance carried forward | 150,564 | 200,552 |
Deferred income represents cash received or amounts invoiced in advance and recognised as a liability until the funding is used. These will be released in the year to 31 March 2024.
23 Analysis of net debt
| Balance brought forward at 1 April 2022 | Cash flows | Other non-cash changes | Closing 31 March 2023 |
|
|
|
|
|
Cash at bank | (606,666) | - | ||
|
|
|
|
|
Borrowings |
|
|
|
|
|
|
|
|
|
Bank loan < 1 year | ( | (891,433) | 851,278 | ( |
|
|
|
|
|
Bank loan > 1 year |
|
| (851,278) | ( |
|
|
|
|
|
Total | (1,498,099) | - |
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Thank you to all the people we support, volunteers, and staff whose photographs and stories appear in this publication.
*Please note all personal details about the people we support within this report have been anonymised.
Right There walks alongside those who need support, to prevent them becoming homeless or separated from their loved ones. Right There is a registered charity and company limited by guarantee, with its Registered Office at 15 Dava Street, Glasgow, G51 2JA. Registered Charity Number SC017093. Company Number SC394447