REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
LTD. |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
LTD. |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
LTD. |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
Page |
Report of the Trustees | 1 | to | 7 |
Report of the Independent Auditors | 8 | to | 10 |
Statement of Financial Activities | 11 |
Balance Sheet | 12 |
Cash Flow Statement | 13 |
Notes to the Cash Flow Statement | 14 |
Notes to the Financial Statements | 15 | to | 26 |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
LTD. (REGISTERED NUMBER: SC242218) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2024 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
During the year 2023-2024 the trustees focused on supporting the achievement of a range of objectives which included: |
- To ensure our high-quality delivery of services is maintained, providing equity of access and a flexible service, responsive to varying needs of service users. |
- To continue to maintain and develop our relationships with external partners across South and East Ayrshire. |
- To continue to evolve our services to reflect changing needs and policy development through regular monitoring of the environment. |
- To continue to promote staff training and well-being. |
- To investigate potential areas of business development |
- To launch SeAscape's Reuse Furniture Store Social Enterprise |
- To maintain current income streams, whilst identifying and developing new ones |
- To continue to raise the profile of SeAscape. |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
LTD. (REGISTERED NUMBER: SC242218) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2024 |
STRATEGIC REPORT |
Achievement and performance |
During 2023-24 SeAscape provided support to 814 households through the contracted Housing and Homelessness Support Service for people aged 26 and over in South Ayrshire and 60 households through our Intensive Housing Support Service for people aged 26 and over in East Ayrshire. Using the Better Futures framework and monitoring system, our team continues to build and monitor support plans with all service users, enabling them to identify their own goals and to gauge and recognise their own progress towards achieving these. |
Unfortunately, due to a reduction in the funding available from the local authority for our South Ayrshire Housing Support Service, during the year we had to make the difficult decision to cease delivery of our Rent Deposit Guarantee Scheme which had assisted people who were homeless or at risk of homelessness to access the private rented sector since SeAscape was established in 1999. Although a difficult decision, in the circumstances it was concluded as the most sensible decision with the least impact on the people of South Ayrshire accessing our services due to the external factors impacting on our ability to assist people to access suitable and affordable accommodation within the private rented sector. |
The trustees, once again, commend the commitment and professionalism of our staff members, both employed and voluntary, who have continued to overcome a range of daunting challenges to provide services that draw praise from service users and partners. |
"Thank you SeAscape, for your continued support over the last 4 years of my life. Now I am in secure tenancy & trying to move on. It has & still is a difficult journey for me but I really do appreciate the phone calls & pass it on etc. From the kind voices on the phone to the boys lifting the furniture, many many thanks from my heart." - Service User |
"If it was not for Seascape giving me weekly support I don't think I would be here as I needed that extra support" - Service User |
SeAscape continues to retain a focus on homelessness prevention and during 2023-24, delivery of the I'M IN! Project in partnership with Ayr Housing Aid Centre SCIO continued to have a positive impact on reducing the number of people becoming homeless from the Private Rented Sector across South Ayrshire and expanded delivery to meet unmet needs across East Ayrshire from April 2024, thanks to an increase in funding from The Scottish Governments Homeless Prevention in Communities Fund alongside a contribution from both Local Authorities. Throughout the year the project directly assisted 127 households at risk of homelessness and successfully prevented or delayed homelessness from occurring in 62% of cases. |
Delivery of the Pass It On Project provided a critical service to individuals and families moving on from homelessness who faced the additional challenge of entering new accommodation with few or no household goods. The project assisted 457 households during the course of the year through the collection of used household goods that remained in a re-useable condition from 1,088 donors and redistributing them, in the process diverting more than 125 tons of waste from landfill. The extent to which people value the service is illustrated by these quotations: |
"Thank you for your help and the items I received. I am in a better place financially now and I intend to donate goods to SeAscape on a regular basis and speak very positively on their behalf. You are life savers at times. Thank you..." - Service User |
My Uncle was recently admitted to Ayr Hospital, and during his 6 weeks stay there, his landlord told him he was not welcome back. Through no fault of his own, at 71, he found himself coming out of hospital with a bag of clothes and nowhere to go. My Mum was signposted to SeAscape for some assistance. He was given temporary accommodation in Ayr, which was furnished, but not terribly well suited to his needs. Your team arranged for an electric recliner chair to be delivered and what a massive difference it has made. He can now sit comfortably and is able to get in and out of the chair. The team are still in contact with both my Uncle and my Mum and we are so very grateful for all the support from SeAscape. I know that often people have a great experience, but it doesn't always make it back to the people who matter. |
So I am writing this in the hope that your team will hear about the positive impact they have, not only on the lives of those they help directly but also on their families. - Family member of Service User |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
LTD. (REGISTERED NUMBER: SC242218) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2024 |
Our Befriending Project, Reconnect with Hope, received a funding boost from The Community Mental Health Fund during the year allowing for development of the service in the year ahead. During the year, the project received 48 new referrals and engaged with an average of 45 people each week experiencing social isolation and loneliness over the course of the year. Feedback received from people who have benefitted from the project highlights the difference this service makes to people's lives: |
"Very friendly and easy-going service that gives me hope that I will make more connections and get out and about in the future" - Service User |
" More better than in the house on my own. I look forward to every Tuesday coming to the group " - Service User |
"The groups have made a huge difference in my life and has given me new friends" - Service User |
The trustees wish to acknowledge our frontline teams for the quality support services they continue to deliver and to congratulate Kelsey Kane, our CEO, and her management team for the fact that SeAscape has continued to deliver quality services despite the various constraints with which they have had to cope. |
Once more there have been changes among members of staff and trustees. During the 2023-24-year Ian Matheson retired from the Board after almost 10 years' service to SeAscape having held the positions of Trustee, Vice Chair, and Chair during this time, and Sean Connaughton resigned from his position as Chair in March 2024 due to personal commitments, having served 5 years to the organisation. The Board thank both Ian and Sean for their invaluable contribution and support throughout their time with SeAscape. We were pleased to welcome Phil White to the board and Phyllis Lochery resumed her position as Treasurer following a short break away. Since the year end there have been further changes with William Fisher stepping down from his position as Trustee in July 2024 after 4 years. The Board thank Billy for his service and contributions throughout his time with SeAscape. |
During the year we have continued to develop working partnerships with a range of groups and organisations, nationally as well as locally. We are strongly represented across all South Ayrshire's Third Sector Provider Forums, Community Justice's Ayrshire Partnership Delivery Group, and across the South Ayrshire Alcohol and Drug Partnerships Delivery and Review Groups as well as on the Scottish Government's Frontline Outreach Planning Group. |
SeAscape were able to draw the issues with the unsuitable premises for which they were responsible to a close during the year, after obtaining legal advice and reaching agreement with the Landlord. Although these issues continued to significantly impact the organisations financial position throughout the year, it is with great relief that we were able to end the year free from this financial burden moving forward. |
We successfully launched our Social Enterprise, SeAscape's Reuse Furniture Store, within new premises at Ayr Central Shopping Centre in September 2023. As well as providing vital income to fund our charitable work it has also provided a platform to raise awareness of our organisation and of homelessness here in Ayrshire. In addition, since opening we have seen an increase in the level waste we are diverting from landfill through promotion of reuse and the impact it has on the environment and have been able to provide additional volunteering opportunities for people either looking to develop their skills or have a focus following retirement. |
In terms of governance, during the year we held various strategy planning sessions with Trustees and Staff Members resulting in the review of SeAscape's Vision and Mission Statements and setting Strategic Priorities that will underpin our work over the next 3 years (2024-2027). |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
LTD. (REGISTERED NUMBER: SC242218) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2024 |
STRATEGIC REPORT |
Financial review |
Financial position |
SeAscape has had to operate under significant financial constraints during the year, with the 10% budget reduction to the South Ayrshire Council Contract, and continued financial impact of the unsuitable premises that remained until just before the year end. These factors combined have resulted in a £24,276 deficit for the year. |
The Board continues to monitor financial statements regularly and is committed to the stability of SeAscape but is also very aware of the need where necessary to use our reserves to ensure that our services meet the needs of those who require them. |
Principal risks and uncertainties |
- Given the contribution it makes to the income and the activities of the organisation, the biggest risk remains the potential loss of the South Ayrshire Council Housing Support contract. |
- The continuing difficulties facing SeAscape and all local charities in attracting grant funding and donations from the public, with potential damage to our ability to provide added value services. |
Factors affecting future income: |
- As above, dependence on core business of the South Ayrshire Council Housing Support contract, along with the associated work in East Ayrshire. |
- The continuing need to identify and access new sources of income to reduce dependency upon a single contract. |
To address these issues, we plan to implement our new Strategy 2024-27 which focuses on 6 key areas and is detailed under Future Plans below. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Recruitment and appointment of new trustees |
New trustees are recruited through social media and VASA. The trustees, who are directors, are appointed by the members in a general meeting and from their number are appointed a chairperson and treasurer. |
Decision making |
The trustees monitor the work of SeAscape on a regular basis, receiving detailed reports from our Chief Executive at our bi-monthly meetings. As well as reviewing some key policies during the year, Arena HR continues to undertake a comprehensive review of all policies on a phased basis to ensure they remain relevant to current needs and circumstances. |
Induction and training of new trustees |
New trustees undergo an appropriate induction programme to brief them on their obligations under charity and company law and the financial performance of the company. |
Engagement with employees |
Remuneration is reviewed annually by the trustees meeting as the Board of the company. SeAscape is recognised as a Living Wage employer and we seek to reward all employees appropriately. |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
LTD. (REGISTERED NUMBER: SC242218) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2024 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
CONCLUSION |
The trustees remain proud of the work being undertaken by our team and of the difference they continue to make to the lives of people in the area. We acknowledge the excellent leadership of our Chief Executive Officer, Kelsey Kane, and the commitment of her staff in serving the needs of our community. Thanks are also due to the volunteers who help in so many ways and to those who donate in cash or in goods. We look forward to developing SeAscape further in the year ahead. |
FUTURE PLANS |
The board of trustees aspires to achieve the following outcomes across 6 Strategic Priority Areas over the next 3 years (2024-27): |
People & Leadership |
- The wellbeing of those who deliver our services is a key focus. |
- Our people have the necessary skills, capacity, supportive leadership, and authority to deliver our mission. |
Excellence in Service Delivery |
- We use a service improvement framework to drive performance and continuous improvement. |
- We continually pursue excellence and are recognised as an organisation that continuously learns. |
Partnership & Collaboration |
- We recognise the importance of relationships and are a trusted partner who works alongside organisations with a similar vision |
- We strive to exceed the needs and expectations of our commissioners and funders. |
Our Reputation |
- SeAscape is recognised as an expert organisation and partner of choice within the housing and homelessness sector. |
- SeAscape is recognised as an employer of choice. |
Financial Stability |
- SeAscape is a financially empowered organisation, able to invest in both our Services and our People. |
Planning for the Future |
- With the support of people who access our services we capture, demonstrate and communicate the impact of what we do. |
- We understand our environment and align our strategic planning with future national and local priorities. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
LTD. (REGISTERED NUMBER: SC242218) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2024 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Auditors |
Chartered Accountants and Statutory Auditor |
20 Barns Street |
Ayr |
Ayrshire |
KA7 1XA |
Bankers |
Edinburgh |
EH11 3XP |
STATEMENT OF TRUSTEES' RESPONSIBILITIES |
The trustees (who are also the directors of South Ayrshire Escape From Homelessness Ltd. for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to |
- | select suitable accounting policies and then apply them consistently; |
- | observe the methods and principles in the Charity SORP; |
- | make judgements and estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
The trustees are responsible for keeping 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. They are 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. |
In so far as the trustees are aware: |
- | there is no relevant audit information of which the charitable company's auditors are unaware; and |
- | the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. |
AUDITORS |
The auditors, Galbraith Pritchards, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
LTD. (REGISTERED NUMBER: SC242218) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2024 |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on |
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
LTD. |
Opinion |
We have audited the financial statements of South Ayrshire Escape From Homelessness Ltd. (the 'charitable company') for the year ended 30 June 2024 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 (United Kingdom Generally Accepted Accounting Practice). |
In our opinion the financial statements: |
- | give a true and fair view of the state of the charitable company's affairs as at 30 June 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; |
- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | 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. |
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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 22 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
Conclusions relating 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 Annual Report, other than the financial statements and our Report of the Independent Auditors 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. |
In connection with our audit of the financial statements, 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 this gives rise to a material misstatement in the financial statements themselves. 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. |
Opinions on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
- | the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
- | the Report of the Trustees has been prepared in accordance with applicable legal requirements. |
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
LTD. |
Matters on which we are required to report by exception |
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 misstatements in the Report of the Trustees. |
We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion: |
- | adequate and proper accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of trustees' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit; or |
- | the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. |
Responsibilities of trustees |
As explained more fully in the Statement of Trustees' Responsibilities, the trustees 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. |
Our responsibilities for the audit of the financial statements |
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 a Report of the Independent Auditors 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. |
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, 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 or intentional misrepresentations, or through collusion. |
We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and, enquiries with management. There are inherent limitations in the audit procedures described above 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 would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. |
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. |
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
LTD. |
Use of our report |
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and the trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
for and on behalf of |
Chartered Accountants and Statutory Auditor |
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 |
Ayr |
Ayrshire |
KA7 1XA |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
LTD. |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 30 JUNE 2024 |
30/6/24 | 30/6/23 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Charitable activities | 5 |
Other income | 465 | - | 465 | 1,337 |
Grants | 597,148 | 102,892 | 700,040 | 778,343 |
Other trading activities | 3 |
Investment income | 4 |
Total |
EXPENDITURE ON |
Raising funds | 6 |
Charitable activities | 7 |
Costs directly allocated to activities | 782,056 | 54,974 | 837,030 | 853,273 |
Support costs | 7,322 | - | 7,322 | 5,904 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 211,340 |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
LTD. (REGISTERED NUMBER: SC242218) |
BALANCE SHEET |
30 JUNE 2024 |
30/6/24 | 30/6/23 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 14 |
CURRENT ASSETS |
Debtors | 15 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 16 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 18 | ( |
) |
NET ASSETS |
FUNDS | 19 |
Unrestricted funds | 180,194 |
Restricted funds | 31,146 |
TOTAL FUNDS | 211,340 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
LTD. |
CASH FLOW STATEMENT |
FOR THE YEAR ENDED 30 JUNE 2024 |
30/6/24 | 30/6/23 |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 | (7,428 | ) | (24,687 | ) |
Net cash used in operating activities | (7,428 | ) | (24,687 | ) |
Cash flows from investing activities |
Purchase of tangible fixed assets | (3,417 | ) | (33,777 | ) |
Interest received | 28 | 6 |
Net cash used in investing activities | (3,389 | ) | (33,771 | ) |
Change in cash and cash equivalents in the reporting period |
(10,817 |
) |
(58,458 |
) |
Cash and cash equivalents at the beginning of the reporting period |
86,682 |
145,140 |
Cash and cash equivalents at the end of the reporting period |
75,865 |
86,682 |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
LTD. |
NOTES TO THE CASH FLOW STATEMENT |
FOR THE YEAR ENDED 30 JUNE 2024 |
1. | RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES |
30/6/24 | 30/6/23 |
£ | £ |
Net expenditure for the reporting period (as per the Statement of Financial Activities) |
(24,276 |
) |
(28,366 |
) |
Adjustments for: |
Depreciation charges | 15,999 | 15,238 |
Loss on disposal of fixed assets | - | 620 |
Interest received | (28 | ) | (6 | ) |
Provision for lease | (38,000 | ) | 38,000 |
Decrease in debtors | 26,799 | 15,505 |
Increase/(decrease) in creditors | 12,078 | (65,678 | ) |
Net cash used in operations | (7,428 | ) | (24,687 | ) |
2. | ANALYSIS OF CHANGES IN NET FUNDS |
At 1/7/23 | Cash flow | At 30/6/24 |
£ | £ | £ |
Net cash |
Cash at bank and in hand | 86,682 | (10,817 | ) | 75,865 |
86,682 | (10,817 | ) | 75,865 |
Total | 86,682 | (10,817 | ) | 75,865 |
SOUTH AYRSHIRE ESCAPE FROM HOMELESSNESS |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
1. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
The Trustees consider that there are no material uncertainties about the company's abilities to continue as a going concern. |
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY |
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. |
INCOME |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Income from government and other grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and not deferred. |
EXPENDITURE |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
TANGIBLE FIXED ASSETS |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Items which are deemed as capital will be capitalised. |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
1. | ACCOUNTING POLICIES - continued |
TANGIBLE FIXED ASSETS |
A review of impairment is carried out at each reporting date. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Impairment losses are recognised in the Statement of Financial Activities incorporating Income and Expenditure Account. |
TAXATION |
The company is recognised by the Inland Revenue as a charity and is accordingly exempt from taxation on income which is applied for charitable purposes. Expenditure is inclusive of any VAT which cannot be recovered. |
FUND ACCOUNTING |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
HIRE PURCHASE AND LEASING COMMITMENTS |
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. |
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
FINANCIAL INSTRUMENTS |
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. |
PROVISIONS |
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. |
2. | DONATIONS AND LEGACIES |
30/6/24 | 30/6/23 |
£ | £ |
Donations |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
3. | OTHER TRADING ACTIVITIES |
30/6/24 | 30/6/23 |
£ | £ |
Fundraising events |
Social enterprise income | 85,097 | 4,587 |
4. | INVESTMENT INCOME |
30/6/24 | 30/6/23 |
£ | £ |
Deposit account interest |
5. | INCOME FROM CHARITABLE ACTIVITIES |
30/6/24 | 30/6/23 |
Activity | £ | £ |
Supported Accommodation | Supported Accommodation | - | 15,280 |
Sundry receipts | Other income | - | 121 |
Credit Union income | Other income | 465 | 1,216 |
Grants | Grants | 700,040 | 778,343 |
Grants received, included in the above, are as follows: |
30/6/24 | 30/6/23 |
£ | £ |
Big Lottery Fund Grant | 9,040 | - |
Social Work Support | 57,275 | 62,860 |
East Ayrshire Council | 63,718 | 68,471 |
Other Grants | 900 | 3,575 |
Scottish Government | 102,892 | 81,283 |
South Ayrshire Council | 466,215 | 506,629 |
Pass It On Project | - | 31,719 |
Long Term Unemployment | - | 20,806 |
The Hugh Fraser Foundation | - | 3,000 |
700,040 | 778,343 |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
6. | RAISING FUNDS |
RAISING DONATIONS AND LEGACIES |
30/6/24 | 30/6/23 |
£ | £ |
Fundraising costs | 3,297 | - |
7. | CHARITABLE ACTIVITIES COSTS |
Direct | Support |
Costs (see | costs (see |
note 8) | note 9) | Totals |
£ | £ | £ |
Costs directly allocated to activities | 830,517 | 6,513 | 837,030 |
Support costs | - | 7,322 | 7,322 |
830,517 | 13,835 | 844,352 |
8. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
30/6/24 | 30/6/23 |
£ | £ |
Staff costs | 613,960 | 635,712 |
Other operating leases | 42,012 | 65,039 |
Rates and insurance | 2,489 | 2,061 |
Heat , light and cleaning | 15,344 | 1,636 |
Telephone | 12,878 | 11,459 |
Postage, stationery & printing | 2,430 | 1,980 |
Sundries | 11,817 | 7,335 |
Travelling expenses | 29,231 | 26,543 |
Repairs and renewals | 1,935 | (117 | ) |
Training | 1,470 | 4,140 |
Welfare payments | 613 | 678 |
Bad debts | 2,001 | - |
Befriending expenses | 12,817 | 9,473 |
Volunteer expenses | 278 | 253 |
Recruitment expenses | - | 1,200 |
Other charitable expenditure | 50,589 | 47,600 |
Motor expenses | 7,620 | 7,284 |
Fees & licenses | 7,034 | 5,418 |
Depreciation | 15,999 | 15,238 |
Loss on sale of assets | - | 620 |
830,517 | 843,552 |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
9. | SUPPORT COSTS |
Governance |
costs |
£ |
Costs directly allocated to activities | 6,513 |
Support costs | 7,322 |
13,835 |
10. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
30/6/24 | 30/6/23 |
£ | £ |
Auditors' remuneration | 7,322 | 6,384 |
Depreciation - owned assets |
Other operating leases | 42,012 | 65,039 |
Deficit on disposal of fixed assets |
11. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023. |
TRUSTEES' EXPENSES |
There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023. |
12. | STAFF COSTS |
30/6/24 | 30/6/23 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
613,960 | 635,712 |
The average monthly number of employees during the year was as follows: |
30/6/24 | 30/6/23 |
Support | 25 | 28 |
Administration and governance | 5 | 5 |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
12. | STAFF COSTS - continued |
The company considers its key management personnel comprise the trustees and the chief executive. The remuneration paid to key management personnel is £47,467 (2023: £46,120). |
13. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Other income | 1,337 | - | 1,337 |
Grants | 644,536 | 133,807 | 778,343 |
Other trading activities |
Investment income |
Total |
EXPENDITURE ON |
Charitable activities |
Costs directly allocated to activities | 709,505 | 143,768 | 853,273 |
Support costs | 5,904 | - | 5,904 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 223,880 | 15,826 |
TOTAL FUNDS CARRIED FORWARD | 180,195 | 31,145 | 211,340 |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
14. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 July 2023 |
Additions |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 July 2023 |
Additions |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
15. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/6/24 | 30/6/23 |
£ | £ |
Trade debtors |
Prepayments and accrued income |
16. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/6/24 | 30/6/23 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors | 3,392 | 5,685 |
Accruals and deferred income |
17. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
30/6/24 | 30/6/23 |
£ | £ |
Within one year |
Between one and five years |
18. | PROVISIONS FOR LIABILITIES |
30/6/24 | 30/6/23 |
£ | £ |
Provisions |
The provision represented the amount due on an onerous contract in respect of a lease. |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
19. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1/7/23 | in funds | 30/6/24 |
£ | £ | £ |
Unrestricted funds |
General fund | 180,194 | (72,194 | ) | 108,000 |
Restricted funds |
Other Restricted Fund | 10,000 | 1 | 10,001 |
I'm In Project | - | 58,490 | 58,490 |
EB Scotland Pass It On | 21,146 | (10,573 | ) | 10,573 |
47,918 |
TOTAL FUNDS | (24,276 | ) | 187,064 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 720,481 | (792,675 | ) | (72,194 | ) |
Restricted funds |
Other Restricted Fund | 1 | - | 1 |
I'm In Project | 102,891 | (44,401 | ) | 58,490 |
EB Scotland Pass It On | - | (10,573 | ) | (10,573 | ) |
( |
) | 47,918 |
TOTAL FUNDS | ( |
) | (24,276 | ) |
Comparatives for movement in funds |
Net |
movement | At |
At 1/7/22 | in funds | 30/6/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 223,880 | (43,686 | ) | 180,194 |
Restricted funds |
Other Restricted Fund | - | 10,000 | 10,000 |
I'm In Project | 15,826 | (15,826 | ) | - |
EB Scotland Pass It On | - | 21,146 | 21,146 |
15,826 | 15,320 | 31,146 |
TOTAL FUNDS | 239,706 | (28,366 | ) | 211,340 |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
19. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 671,723 | (715,409 | ) | (43,686 | ) |
Restricted funds |
Other Restricted Fund | 30,806 | (20,806 | ) | 10,000 |
I'm In Project | 81,283 | (97,109 | ) | (15,826 | ) |
Ayrshire Housing | 15,280 | (15,280 | ) | - |
EB Scotland Pass It On | 31,719 | (10,573 | ) | 21,146 |
159,088 | (143,768 | ) | 15,320 |
TOTAL FUNDS | 830,811 | (859,177 | ) | (28,366 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1/7/22 | in funds | 30/6/24 |
£ | £ | £ |
Unrestricted funds |
General fund | 223,880 | (115,880 | ) | 108,000 |
Restricted funds |
Other Restricted Fund | - | 10,001 | 10,001 |
I'm In Project | 15,826 | 42,664 | 58,490 |
EB Scotland Pass It On | - | 10,573 | 10,573 |
15,826 | 63,238 | 79,064 |
TOTAL FUNDS | 239,706 | (52,642 | ) | 187,064 |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
19. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 1,392,204 | (1,508,084 | ) | (115,880 | ) |
Restricted funds |
Other Restricted Fund | 30,807 | (20,806 | ) | 10,001 |
I'm In Project | 184,174 | (141,510 | ) | 42,664 |
Ayrshire Housing | 15,280 | (15,280 | ) | - |
EB Scotland Pass It On | 31,719 | (21,146 | ) | 10,573 |
261,980 | (198,742 | ) | 63,238 |
TOTAL FUNDS | 1,654,184 | (1,706,826 | ) | (52,642 | ) |
Purposes of restricted funds |
The Scottish Government has provided funds for the "I'm In Project". |
E B Scotland Pass It On provided funds for the purchase of a van to be used in the social enterprise project. |
20. | CONTINGENT LIABILITIES |
The company provides rent guarantees, some of which may be called upon. It is calculated that the total value of guarantees at 30 June 2024 amount to approximately £573 (2023: £1,379). |
21. | RELATED PARTY DISCLOSURES |
22. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
23. | ULTIMATE CONTROLLING PARTY |
In the opinion of the trustees, there is no ultimate controlling party. |