Slough Refugee: Support Financial Review for the year ended 31st March 2018 SRS recovered well from a challenging year and. ended 20'17-18 in a strong financial position with a diverse grant funding base, steady service provision income streams and continued support though private donations. Our. total costs were f124,558, of which f80, 800 (659o) was for;paid staff, a similar level to last year. Staf training and volunteer costs carne to E3,195. Our grant funding of f58, 192 was provided by 10 different organisations. This amounted to about 65% o the. funding we received last year, when we were still in receipt. of the large Big Lottery fund, Our self- gen'crated income has risen to f98,518-this includes f72,739 of service provision funding and over . f 24, 186 of donations and fundraising efforts. We began the year'with f 102, 310 carried'forward and as:;at the 31" March 2018 our funds totalled over f127,850- a significant increase. Our funding outlook for;the coming year is positive and we are continuing to seek new funding and donations for the coming years. — —:: — It is-SRS's policy to hold a Designated-Contingency Fund, so that in the event of a significant reduction in income, SRS is able to-meet-its-financial obligations to staff, -the-landlord, and other parties, with an orderly reduction in activities. It currently. stands at f8,337 and will be reviewed in the current financial year. Our general reserve for contingencies remains at ES;000. The Management Committee has reviewed these accounts and are in agreement that these reflect an accurate picture of SRS's financial affairs at the end of March 2018. Jean Kelly, Chair Michell Boundy ~cA" ~
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Slough Refugee: Support
Financial Review for the year ended 31st March 2018
SRS recovered well from a challenging year and. ended 20'17-18 in a strong financial position with a
diverse grant funding base, steady service provision income streams and continued support though
private donations.
Our. total costs were f124,558, of which f80,800 (659o) was for;paid staff, a similar level to last year. Staf
training and volunteer costs carne to E3,195.
Our grant funding of f58,192 was provided by 10different organisations. This amounted to about 65% o
the. funding we received last year, when we were still in receipt. of the large Big Lottery fund, Our self-
gen'crated income has risen to f98,518-this includes f72,739 of service provision funding and over .
f24,186 of donations and fundraising efforts.
We began the year'with f102,310carried'forward and as:;at the 31"March 2018 our funds totalled over
f127,850- a significant increase. Our funding outlook for;the coming year is positive and we are
continuing to seek new funding and donations for the coming years.
— —:: —It is-SRS's policy to hold a Designated-Contingency Fund, so that in the event of a significant reduction in
income, SRS is able to-meet-its-financial obligations to staff, -the-landlord, and other parties, with an
orderly reduction in activities. It currently. stands at f8,337 and will be reviewed in the current financial
year. Our general reserve for contingencies remains at ES;000.
The Management Committee has reviewed these accounts and are in agreement that these reflect an
accurate picture of SRS's financial affairs at the end of March 2018.
Jean Kelly, Chair Michell Boundy
~cA" ~
Slough Refugee Support
31March 2018
I have reviewed the accounts prepared for the year ended 31 March 2018 for Slough RefugeeSupport. .
I have not completed a full audit or double check of the controls, expense analysis ortransactions. However, I was able to check for consistency and:cross check the working papersthe charity uses for the preparation of their accounts and validate key balances on the BalanceSheet. The purpose of this is to double check accuracy. Based on this review:-
s the main bank account appears to be reconciled regularly;~ the Balance Sheet has supporting reconciliations with detailed supporting back-up;~ there is full analysis of the income and expenditure, split out by fund where necessary to
show how ring-fenced funds are spent.
My comments are as follows:-' Accounting, bool=keeping and prime entry is recorded in Excel. The charity will bene6t
from tighter controls once the accounting software implemented in 2018 is in place.~ There appears to be a small discrepancy between the Gift Aid amount in the accounts
and the supporting documentation, however this does not appear to be material.
I hope this helps.
As such, I bdieve the accounts represent a true and fair view as of 31 March 2018
Please do not hesitate to contact me if you have:any queries.
Kind regards,
Katherine Beesley
My Controller Limited
Statement of Financial Activities
Year Ended 31st March 2018Notes Total 2018 Toial 2017 Total 2016 Total 2015
Gross transfers between funds (back to general fund)
5&6 124,558 108,305 133,082 130,59'
32,139 40,156 - 19,507 - 34,28i
'
2,751 - 5,397
Net movement in funds 29,388 . 34,759 - 19,507 - 34,28)
Total funds brought forward (opening balance)
Total Funds Carried forvvard
98,462 . 67,551 90,562 125,70:.
127,850 102,310 71,055 ' 91,423
; Balance SheetAt 31st March 2018
Notes Total 2018 Total 2017:Total 2018 Total 2015
Fixed assets
: Tangible assets
: Current assets
5,560 1,407 2.173 35
:: Debtors
, Cashatbankanginhand2,820
123,6814,422 .
P8,4623,572
67,5523,78
89,63
126,501 102,884 . 71,124 93,41
'Creditors (falling due within one year) 9 -4,212 -1,590 . .-2,241 -2,34
Net current assets 122,290 . 101,294' 91,06
Total net assets 127,850 102,701 71,056 91,42
Funds of the charity 2 (j)
: Unrestricted funds' Generalfund' Designated contingency. fund. Emergency Fund
53,648 49,633 35,829 55,89
8,337 8,337 14,300 14,30
5,000 5,000 5,000
66,985 62,970 55,129 70,19
Restricted income funds'
Family Support Project Fund'
Welfare fund
STEPS fund —Big Lottery funding
Awards for All (capital)
Advice 5Support
Employment Project
Syrian Resettlement
Rentend Facilities Fund (lVM)General AB Charitable Funding
39,731 15,926 21,2i
9084318
, 04,169
Historic Funding streams have been split1,005
out across more individual funds-426
29,373
2,342
15,000
60,865
Total funds 127,850 102,701 71,055 91,4l
Notes to the accounts
1.Basis of Preparation
These accounts have been prepared in'accordance with the Staterrient of Re'commended Practice 2015
under:Financial Reporting Standards for Smallertntities (FRSSE SORP). .
2. Accounting Policies
a) Recognition of incoming resources\
These.are in'eluded in the Statement of Financial-Activities (SoFA) when:
- '. The charity becomes entitled to the resources
-: The trustees are virtually certain they will receive the resources, ,and
- . The monetary. value can be measured with sufficient reliability.'
b) Incoming resources with related expenditure
Where incoming resources have related expenditure (as with contract income) the incoming resources
and related expenditure are reported gross in the SoFA.
c) Tax reclaims on donations and gifts
Incoming resources from tax reclaims are included in the SoFA at the same time as the gift tp which they
relate,
-d) Coritractual-income
This is included in the SoFA when the service payments have beenmade.
The value of any volunteer help received is not included in the accounts but is described in the trustees'
annual report.
f) Governance costs iriclude:
preparation and examination of statutory accounts and the annual report
trustee meetings
trustee Indeninity insurance
any legal advice to trustees on governance or constitutional matters
g) Support costs
Support costs include. central functions and have been allocated to activity cost categories on a basis
consistent with the use of resources.
h) Tangible fixed assets
i) .Leased assets
Rentals applicable to operatirig leases where substantially all the benefits and risks of ownership remain
with the lessor are charged on a straight-line basis over the lease term. SRS only has one item in this
category -our photocopier.
j) Funds structure
The charity has restricted and unrestricted income fundg.
The unrestricted fund is a general reserve fund built up over the years from undesignated grant furlding
and funding to cover core costs specifically. Transfers ar'e made from this fund to meet expenditure in threstricted funds where other funding is. not available. Such transfers are always agreed by theManagement Committee. In this financial year, no net transfers were needed. (The fund is used in year ti
manage cash-flow and an amount of f50 remains to bq adjusted for. )
included within unrestricted funds is a Designated Contingency Fund, to which allocations are made
periodically by the Management Committee. The Designated Contingency Fund is a safeguarded amount
to be used to cover redundancy and other costs in the event of the closure or down-sizing of theorganisation. The current level of:the fund stands at E8,337.SRS also maintains a separate Emergericy
Fund of f5,000 to cover unexpected emergencies.
SRS has a small capital fund created solely by an 'Awards for All' grant through the Big Lottery. It is ring-
fenced capital funding for the installation and fit-.out of a porta cabin to provide additional space forclasses, creche and advice provision. Some of this was spent in this financial year.
Granting funding solely. for core c'osts comes from two sources - AB Charitable Trust and from the Thame
Valley Methodist Church. The latter paid specifically for SRS rent and facilities for the year.
k) SRS's main activities are
1. direct advice and support services on asylum seeking and related mattersa. This primaiily involves running a 'drop, in' centre which helps asylum seekers and
refugees living in'Slough to adjust to life in the LIK, to achieve their rights and
entitlements„and to settle with dignity. This work is paid for by Slough Prevention
Alliance Community Engagement (SPACE) fund, donations and fundraising.
2. employment training and supporta. This involves running a.'Job Club' which assists clients in preparing for and applying. for
employment and training. This is supported by grant funding from the charitable
organisations Allen Lane and Hilden, and from the Building Better Opportunities fund.
3. family support
a. This involves running a creche, and associated sports and social events for families. It alsi
has a development strand - providing English and citizenship classes, sewing classes,setting up and management of an allotment, cooking classes and FGM education. This is
supported by gra'nt funding from BBCChildren in Need, Mars in the Community,Rcsrkchiro rnmmiinitu i=nsinrl~tinn +ha c~faht ('ANNllhl+LI 'shtl l I'IN D
4. holistic support services for the. 'government's Syrian Resettlement Programme
a. This involves working holisticAly with a number of Syrian families helping them set up
their h'ome, access language and education facilities, and medical and employment .services. This work is furided by central government in response to the crisis in Syria and
is paid though Slough Borough Council. The first Syrian fa'mily arrived in the borough:in
December 2016, there are now three in.total. In addition to service provision payments,
Slough Council also provides SRS with a small welfare fund which Supports this work,'