Company rn8lJtr•tlon Nmber 02516047 {En8l•nd ld Wales) Chwlty wlilr•tlpn numbv IOP0515 (Enjhnd •nd Wahi) SHELTER HOUSING ADVICE AND RESEARCH PROJEcf {LEICEsfER) LTD ANNUAL REPORT AND UNAUDrrED FINANaAL sfATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025
SHELTER HOUSING ADVICE AND RESEARCH PROJECT (LEICESTER) LTD LEGAL AND ADMINISTRATIVE INFORMATION FraTrr Rob50n Jane T•yk)r Andrew Morley Kaseem Chaudry Junald Raflq Vlndhanl Laura Hancox Mar8aret Roblnson Feroza Narnia (Appolirted 28 May 20241 David Braer S•nlor M•n•8effl•nt Divld Brazier Mara Forn Execuifve Athrfser Senlor Case Worker & Project Lead Cwntry of In¢orporntlon Unlt•d Klngdom (England and Wales) 025161M7 Charlty re*tratlon En8land and Wales l(X10515 Prlnclp•l •ddMI 13 Weiford Road Lelcester LE2 7AD 13 Welford Road Leice5tqr LE2 7AD Ind•p•nd•nt examlner Thomas Mayff•ld BA FCA Mayfield & Co (Accountantsl Ltd 2 Meru5 Court M•rldlan Buslness Park Lelce5ter LE19 IIU HSBC Bank 2 TO 6 Gallowtree Gate Lelcestsr LEI IDA Sdldtars Knl8hts Pl¢ 34 Pocklln8ton5 Walk Lekester LEI 68U
SHELTER HOUSING ADVICE AND RESEARCH PROJECT (LEICESTER) LTD CONTENTS Trustees report Independent examiner's report Statsment of flnandal actmths Balance sheet io Ntstes to the ftnanclal statements 11-21
SHELTER HOUSING ADVICE AND RESEARCH PROJECT (LEICEsfER) LTD TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORn FOR THE YEAR ENDED 31 MARCH 2025 The trustees present thelr annu41 report ind flnancial slatements for the year ended 31 March 2025. The flnanclal statemerts have been prepared In accordance wlth the acrountln8 pollcles set out In note I to the flnandal statements and comply wlth the charltvs Verning documen¢ th• comnI•S Act 21x16 and "Accourrtlnl and Reportln8 Charltles: Ststement of Recommended Prartice appllcable to chafftles preparfng thelr accounts In accordance wfth the Flnanclal Aeportlni Standard appllcable In the UK Ind R•publlc of Ireland {FRS 102)" {as amended for accountlni perlods commenclnc from l Janry 20161 Obl•¢UvM and actl¥ltle$ The obJects of the chafft% wTnclpal activities and orpn15atlon of our work: The objects of SHARP are a$ follows.. . To prert and relleve hardshlp and dlstress amoni persons who •r• homeless and/or Ihlng In adverne housln8 condltlo b. To promote researth about houslrq condltion5 housln8 problem5 •nd the clrcumstances of persans are homeless andl or Il¥ln8 In ad¥erse houslni condltlon4 and the dlssemln•tlon of the useful results of such researth. c. As long as Shelter {Natlonal Campai8n for the Homeless) remalns establlshed for charltable purposes under the Law of England and Wales, to advano 5UPPQrt and promote the tharftable work trf. d. Generaltyto ath•nce educitlonl relleve poverty and further other tharltabl• purpow benefklal to the communlty SHARWS vlslon Is that every person wlll hm a decenL 5•f• •nd •fford•ble place to Ilve. The trustees have paid due reyrd to 8uldance issued by the Ch•rlty Commlsslon In decldlr48 what actfvltles the charlty should undertak. A¢hlevemeiTts and p•rforni•nc• The Shelter Housln8 Advice and Research Project (L8lc•st•r). known as SHARP, was establlshed as an Independent tharftsble trust by members of the Lelcester Shelter Group In 1974. It Was Incorporated as a cornpany Ilmlted by 8uarantee In 1990. 2024 was therefore our 50th annfversary year. Thls In Itself Is a very cons]dernble •chlevemenL 20 years 380. there were Independent Hous1 Advlce Centres operatln8 In Brlghton. Derby, Gloucester, Klrklee4 Lelcester, Oxford, North Yorkshlre. Nottln8ham, and Taunton. Despfte the Increase In housln8 need In the Intervenlng perlod only Brl8hton, Klrkleos and Lelcester have been able to Sustain themselves. We are very woud of th• rontlnuous servke we hm been able to provlde to the people of Lelcester. Leicest•r5hlr•, and Rutland for ovv 50 ye• In workln8 towards Its obfftrt5 SHARP undertakes three maln type5 of actlfft. Flrst arKI foremoSL we provlde hous1 advlce to people who are hlxneless or poorly housed. Thts Includu the provlslon of Infomiatlon. advlce. prèrtical as515tance, and advocacy to p•rsons In noed. Thls servlce Is deslqned to prevent people from becomln8 homeless. If thls 15 not posslble, we alm to help people to flnd another home. Slnce October 2013 we have recorded and monltored thls actmty uslng a we&b¥s casework management pro8ramme called 'Advlce-Prrf. Thls pro8ramme has been desned by Athlce UK the n•tlon•l umbr•ll• body for advlce seNlce provlders. SHARP Is a member of Advlce UL 'AdvictrPrd Is wularfy updated and Is fulty compllant wlth the quIrernents of the General Dats Protertton Re8ulatlons. Durln8 the couvse of 20W25 we were able to provlde thls 5er¥lce to 607 new dlentg. In the prevlous year were able to prode our servlce to 565 new dlerrts. This modest In(Te•se of Just over n6 In the number of new cllents we were able to help I¢¢ts the contlnulty of the services we ar• abl• to provlde.
SHELTER HOUSING ADVICE AND RESEARCH PROJEcf (LEICEsfER) LTD TRUSTEES REPORT (INCWDING DIRECTORS, REIYIRn {CONTINUEDI FOR THE YEAR ENDED 31 MAR012025 New cllents *en In 2024n5 contlnued to present a rdn8e of all too famlllar Housln8 ProbIeTh Suth problems a$ Evktl Homelessness; (knrCrowdI Dbrepalr: Relatlonshlp Breakdown (Includ1 fartoo mtny In%tsnrns of DorneC Vlolence): and all types cf Housln8 Problem related to low Income and ill-hulth. The hl8her PrnFAhnc• of mentsl Ilkhealth noted In Annual Report for 2022 has contlnued ever slnce. Apweclltl the sale of the problem related to meTrtal111-health In early 2021 SHARP sou8ht addltlwl fvndlrq to try to iddrus thls need. Fortunately, our applkatlon to the Carlton Hayes M•ntsl Health charlty was successful. In November 2021. our new p•rt-tlme Mental Health Support Workx commen¢•d work wlth our dlents. post 4S funded for two years. Unfortunatety. thls fundlng was not rene?. However, desplt• thls dlsappolntmenL SHARP has been able to secure onBolng mentsl health supportfor our cllents. Thls support Is belrrf prowkled by arranpment MNth The Ollve TnJs¢ another Lelcester based drIty {rwalstered thartty number 1181558). Furthem)ore. the transfer of ser¥k• pThlslon was seamless. The mental health 5UPPOrt worl•r emplayed by SHARP untll November 2023 was efflpld by the 01 Trust In the same role and wh the same clhnt woup wlth effect from December 2023. It helps of course to fldlltste thls partmrshlp that the charmes have some trustees In common. The castrstudles below IIIu5trats the klnd of app•lllng housln8 condFtlonsthat SHARP cllents all ttio Dften experlqnce. Please note that In these ca5fr5DJdle5 the nam• of th• cllent has been chanyd. Secondly, SHARP provldes free Informatlon about homel•ssnes4 hous1 condltlons, and the work of SHARP to members of the publlL Far example, we can Blve short pr•sentstlons concernln8 homelemness to varlous thurth and c¢mmunlty VOUPS and offer trnlnlng se551pns to local apncles. Furthermor4 wlth the asslstance of lunteerS SHARP ha4 for wmple, Contlnued to provlde up to date Information about i wlde varfety of toplcs. Indudln8 Ibts of Hostels. Houslni Assoclatlons, Prlwdte Rentsd Sector Landlord4 and places wh•rn food can be obtalned free of dmrge by home1 people. 2024125 saw contlnulng Improvements In both the quintlty and quallty of the Informatlon avallable on our websfte see:. htt elter.o . We have also •5tsb115hed a much greater presence on TlkTol and on X (forrnerly Twltter) usln8 Soclal Medla to dlssemlnate Inform•tlan ibout SHARP and Indeed about homelessne more 8eneAlly. For exampl4 our post on nkTok about howto prevant mould •nd damp been vIed on over 3000 occaslcffis. Thlrdly, SHARP has been funded by the N•tlonal lfjttery Communlty Fund to develop a volunteer coho¢ 5UPPOrtlni peop mary of whom are ex-servlce users, to leam Ilfe •nd wcatlonal sklll& Thls has the dual benefft of Inueaslnu the volume of th• rk that SHARP can dc, lIst slmultan•ously Improvln8 the canfidence and employablllty of many of Its volunteers. Th15 pro8ramme commenced In AuSt 2019, Suspended durfn8 the lockdown, and re¢ommen¢ed In June 1021. Slnce the start of thls pro8rnmffl we hm WOAd wlth 80 wluntsers. at least 28 of whom hwe gone on to flnd pald ernployment.
SHELTER HOUSING ADVICE AND RESEARCH PROJEcf {LEICESTER) LTD TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR TIIE YEAR ENDED 31 MARCH2025 èyrlenffj hqvlnp pmvlowly wwk•dln afvmrnllme. began together to buldand•nhonA h11 and Plea note that In th15 u$e-stsKly the nam• of the volunteer has been than8ed. In October 2018, the Bhhop of Lelcester, th• Rl6ht Reverend Martyn Snow, and Slr Peter souls L•lcestsrfs crty Mayor launthed a Homelessne$5 Charter for Lelcester. The Charter brought tO8ether a wlde ranKe of lo1 poople & or8anlsatlons deternilned to brfn8 hornelessnes5 and In partlcular street hoThlessne55 In L•lcastsr to an end. SHARP was one of the orlglnal slgnatorle5 to the Charter. W• work cooperatlvety wlth a wlde ranqe of other local charltl•$ •nd organlsatlons to fuMI the aMtIonS set out In the Charter whlch we contlnue to fulty supporL Our work wlth the Ollve Trust (descrlbed earller) Is an excellent example Df how such cooperatlon can be of benefitto homeless and poorly housed wople. SHARP, In addltlon to Its wlunteers. employs staff to provlde the above servlces. In 2024125 there were an avera8e of 4 full- tlme equlvalent paid staff. As of 31 March 2025. there were two full-tlrne member5 of staff - Mara Forana {Houslng Advlce SpLYlallst Caseworker and ProJ•ct Leader) , and Deepa 8ho8al (Caseworknr and Voluntsor OrdInatOr). And two part-tlme members of staff- Yasln Koi• IAdmlnlstrator Receptlonlst). and Davld Brazler (Expcutlve Atté180r), The Thistee Board wlshes to thank all SHARWS volunteers and pald m•mbers of staff. They have worknd tirthssly throu8hout th• %•ar to dellver our servlces. The Trustse Board meets morrthty to monltor the work of the proJ¢rt and to set Its ovarnll poll¢los. Th•r• Is a subcommfttog that deal$ wlth FundA151ng and Q)mmunlcatlon% And occaslonally another sutcOMMittee m•y be fornied for a spedfic purpose. recrultment of staff. B•n•fft We have referred to the 8uldance contslned In the Charlty Commisslon's 8•nernl 8uldance on Publlc Benefft when revlewln8 our alrns and objectlves. and In plannlng our future actMtle& The charfty believes ft has provlded a publ1¢ benefft durln8 the year throu8h the areas outllned In the sertlon of th15 Report headed Achlevern•nts and performance. As trustees we take our charltsble role serlousty and the ch•rlty v•orks hard to mak sure that It provides chafftable servlce8 that are sodally In¢lusTb*. Flnincl•l rethy The Board of Trustees recognlms we are contlnulni to operate in thallenolni tlmw wlth 'austerW resultlni In reductlons of local authority exwndlture of about 40% These flnanclal constraints Impact $18nlflcaTht upon a charfty such as Oursel who work with some of the most e¢onomlcalty dl$athntaged members of soclety. The statement of finandal actlvltles (on P•8e 91 Sho a total Income of £146,232 •nd eXpendIre of £14065. Thls results In a surplus for the year of £5,667. W• started the year wfth fund balarKe5 of £46,104 and the surplu5 for the yur of £5.667 after all charftable actlvltles had been Ilnanced, lea fund balances carrled fonvanl of £5L711. These are comprtsed of unrestrlcted funds amountlns to £44,761 and restrlcted fund5 Df £7,010.
SHELTER HOUSING ADVICE AND RESEARCH PROJECT (LEICESTER) LTD TRUSTEES REPORT IINCLUDING DIREcfoRS' REPORn IcoMnNUED) FOR THE YEAR ENDED 31 MARCH 2025 For SHARP. from a purely finandal perSPqCt 2024125 was a year of mod•5t 8•lns. Durln8 most of 2024125 re retyl upon our Natlonal Lottery Communlty Fund Sar grnnt of £399,999. donatlon5 of almost £38,000 and earned Income Df about £31.OC(i. These latter income ftems totsl almost £69,(X)O Includlng our regular donors, 81ft-ald, our Chrlstmas Appeal, small 8rnnts, le8acles, and the sale of seNlces to other not-for•profft or8anlsatlons. Such dlvetslty of Income Is most welcome but remalns too Iw to SUStaln SHARP wlthout the vltil support SHARP recelves from the Natlonal Lottery Communlty Fund. We would I1 to thank the National L(rttery Communlty Fun4 the Edth Murply Foundatlon, the Lelcester Sodal Economy Consortlum and all our other supporter5 for thelr financial help over the •r. R•sems Polky The Trustees have 8i¥en sorne thought as to whit level of reserves Is approprlate for a dbarlty suth as SHARP. The charlty had closlng reserves of £51,771 as at the 31 Mirth 2025 • modest Inuease from the flBure at the end of the prevlous year. As resulk the Charlty Stlll has suffldent unrestrlthd funds to act a5 a contlngency reseNe equlvalent t¢ almost four month's expendlture. for use to covèr the work of the chartty In the nt that other fundlng should oase. The Trustees corfjlder that reserves at th15 level wlll ensure tha¢ in the event of a sl£nlflcant drop In fundln& they wlll be able to contlnue the thaiity's current acthwitie5 whll¥( con$idernticn b alven to ways In whlch savln85 can be achleved or addftlonal fvn(ts ralsed. Prlnclpal fvndlN 1r£ The charlty considers Itself to be extrernely fothnate to have recelved consldernble flnanclal and other support from a lar8e number of funders, tNsts. oraanisations. ond Indlvlduals. The followln8 noted ajntrlbutors, been really Important to the charlty'$ worK and we wish to think them for their contributlons. Major FderS Natlonal Lottery Qjmmunlty Fund Lelcester Saclal Economy Con50rt1urn Ltd Ch•rft•bh Ihmts The Edlth Murphy Foundatlon Florence Turner tharltable Trust The ArtherTrust The Charltles Trust The J R Corah Foundatknn Olfv• Trust IndIAdu$ Helen In8all Mrs M Knott Rev A L Lrttlmor• Ms R.E.Marshall Noel Old•rshaw Danlel Smlth Dr Andrew Teuten Glll Taylor
SHELTER HOUSING ADVICE AND RESEARCH PROJEcf (LEICESTER) LTD TRUSTEES REPORT (INCWDING DIREcfoRS' REPORT) {CONTINUED) FOR 7HE YEAR ENDED 31 MARCH2025 Howkn8knocl•tlpM EMH Housln8 Assodatlon Nottlwham Communlty H A Orblt Houslni Assoclatlon Rfverslde Hou51n8 knodatlon PlthnTh Housln8 Association Chur¢h Chrfst Gospel Church St Marvs churc Barkby Blessed Sacrament Churrh & St Peter Sacred H•art and St Maryarets Market Harborou8h An8llcans All 58lnts Church. Sapcote Enderby Parlsh Church st Nicholas Church. Mowsley Le1cester[ Natk)n5 Church Bl•by Con8reiatlonal thurth Bardon Hlll PCC 5affton Lane URC Great Glen Methodlst Church Harborou8h Con8re8allonal Ch St Andrew4 Carfton PCC HolyTrlnlty, Ashby. PCC Christthurch. Clar•ndon Park St Marfs Churth. An5tey St Marf4 auenlborou8h St BartholomeWs Churth All Saint4 Inton Bassett St Peter's Church Claybrooke th Wlgston URC St Mlthets & All Aniels Thurm 5t Marfs PCC Bruntln8thorpe ChurehesTo8ether In LelcesteThhlre Lelcester Cath•drnl
SHELTER HOUSING ADVICE AND RESEARCH PROJEcf (LEICEsfER) LTD TRUSTEES REPORT (INCWDING DIREcfoRS' REPORT) (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 L•l(xster Quaknr Meeting House Our Lady of Victorfes Churth Lutterworth St Edwards House. Aylestone Stuart Court Chapel. Kll)worth Westcote5 URC Wiyknn URC Other Orwl DSC len Umlted Earf Shllton Bulldlng Sodety Hormann (UKI Ltd Lelcester Charlty Unk NExf Holdlngs Ltd Viues Rellef Fund St MartltriTrthe-Flelds 88estons Hospital And mary• many, many more Rlth Man4•m•nt The Trustees actively rnvlew the major rlsks which the charty faces on a re8ular basb and belleve that maintslnln8 reserves at current levels, comblned wlth an annual revievi of the contro15 over key flnandal system4 wlll provlde sufflclent resource$ In tt event of adverse condltlons. The Trustees have also examlned other operatlonal and buslne5s risks faced by the charlty and confirm that they ha establlshed systems to mitigat• the sl8nffl¢ant rtsks. Hins for futw• pwloth The trustees were pleased to announce In list arfs Annu•l Report that on 5th March 2024, the charity 58cured fundlng of £399000 from th• Natlonal Lottery Communlty Fund. Thls fvndln8 Is for a 5*ear project that stsrted In June 2024. The project Is called the SHARP Homelessne55 Preventlon and Support ProJecL a woject Intended to support 350 unlque Individuals and 450 unlque famllles. The totsl cost of the prdect Includln8 the 8r4nt from the NLCF IS £555.823. The additlonal 'matched fundln8' of approxlmately £15524 has been pledged to SHARP by Leicester Soclal Economy Consortlum Ltd ov•r a Swar perfod. It Is intended that thls project wlll have a major Impact on many people's Ilves. StrnCiur4 pVffn•n and manwment The dwrlty 15 con5t]tuted Is a company Ilmlted by 8u•rnntee, number 02516047 and Is therefor• Boverned by Its Memorandum and Artlcles of Assoclatlon, Is amended by speclal resolutlon dated 23rd ust I95. SHARP was Inltlally e5tabllshed as a crItable trust In 1974 and was subsequently Incorporated as a company Ilmlted by Ruarantse In 1990. SHARWS [On 15 that every person wlll havq 4 decen¢ saf• and affordable place to live. We bolleve that a home Is a bask human rlRht that could and should be available to everyone. The tharlty is oryinlsed so that Trustees meet re8ularlyTen tlmes each year to m•na8e its affalr& The pald stsff, as dlrected by the Tru¥(ee Board are responslble for the day-t •dmln15tratlon of the tharfty and the deltvery of Its srAvkes.
SHELTER HOUSING ADVICE AND RESEARCH PROJEcf {LEICEsfER) LTD TRusfEES REPORT (INCWDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the dlrectorn forthe purpose of Company li and th served durfn8the yeir Ire. Frazer Robson Jane Taylor Andrew Morley Kaseem Chaudry Junald Rafiq Vlndhanl Laura HarKox Marpret Roblnson Feroza Narma IAppolnted 28 May 20241 The Trustees/Directors are el•ct•d by majorlty vote at the Annual Gen•ral Meetln8. Thelr perlod of offlce ends It the followlnl Annual General Meetlnll when they are el*ible to stand for rtrelectlon. No Dlrectornrustae recelvad any remuneratk>n for servlces or expenses as a DlrectorlTrustee. None of the tru#ees has any benefklal Interest In the comwny. All of the trustees are members of the comp•ny and Buarantee to contrfbute £1 In the event of a wlndin8 UP. The trustees report was approved by the Board of Trustees. Frazer Robson 25 November 2025
SHELTER HOUSING ADVICE AND RESEARCH PROJEcf (LEICESTER) LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHELTER HOUSING ADVICE AND RESEARCH PROJEcf ILEICESTER) LTD I report to the trustees on my examinatlon of the flnanclal siatements of Shetter Hou51n8 Advlce and RaSr¢h Prolett (Lelcesterl Ltd (the charity) for the ended 31 March 2025. sponslbllltlu and bash of r•pwt As the trustees of the charlty (and a150 Its dlr•ctors for the purpose5 of compary law}. are respanslble forth• pr•piratlon of the flnandal statements In accordanc• wlth the requlrements of the Companies Act 200& Havln8 satisfied myself that the flnanclal Jtstements of the thaiity are not required ta b• •udlt•d under Part 16 of the C¢ynpanie5 Act 2006 and are ell8lble for Independent eyamination, I report Sn respect of my eyamlnatlon of the charltys flnanckil ststemerrt5 cirrled out under sectlon 145 of the Charities Act 2011. In carrylnl out my eyamlnatlon I have followed the Directlons &i%n bythe Charlty Commlsslon under 5ectlon 145{5){b) of the Chirltlo5 Act 2011. Ind•p•nd•nt •xamln•r's Stateinent I have completed my examlnatlon. I confirm that no matters com• to attentlon In ¢onn•ctlon wlth the MInatIon 8lvln8 me cause to belkn that In any mthrlal respect accourrtini rncords were not kept In respert of the charlty as r•qulred by s•ctlon 386 of the Companles Act 2006. the fln•nthl statements do not accord wlth those records; or the flnandal statements do not comply vAth the accounting requlrwnents of sectlon 396 of the Companles Act 201 other than ary requlfement that the flnancial statements 8ive J true and falr vlex thlch Is not a matter considered as part of an Independent dYamlnatl¢Jn: or the flnancl•l stthments have not been prepared in •ccorthnce wlth the methods and prlnclples of the Statement of Recommendod Prdcuce for account1 and reportlng by chlrllles appllcable to charltles preparfng thelr flnancial Statements In accordance wTth the Flnandal Reportln8 Stsnd4rd appllcable In the UK and Republlc of Ireland (FRS 1021. I have no concern$ and have come across no other matters In connectlon wlth the examlnatlon to whlch attenllon Should be drawn In th15 report In order to enable a proper understsnding of the flnandal statements to be readd. Thornm Maynold U FCA male1d & Co INOUntants) Ltd 2 Merus Court Mwldlan BUrs5 Park Lelcester LE19 1 25 Nefflber 2025
SHELTER HOUSING ADVICE AND RESEARCH PROJECT (LEICEsfER) LTD srATEMENT OF FINANaAL ACTIVITIES INCWDING INCOME AND EXPENDfTURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unr•*rlthd funds Ibtsl Unr•ilrlcted Rethl¢tad nds funds 24 funth 1024 Incom• from: tlonatlons and le8acles Othertradln8 actfvltles Inwslments 37,767 31.138 76A64 114,631 31,138 463 2732 23,940 258 70,242 97.774 2340 258 Totsl InMme 69,368 76,864 146,232 51.730 70242 12L972 Expendlture on: Charltable actMtie$ 70,711 694 065 49.630 84522 1341S2 Tolal expend1r• 70.711 69A54 05 49,630 84.522 134,152 Net Incom1•xPQndItUr•l 7,010 5,667 IMX) {N,280) Transfe between funds {626) 6.826 N•t rnv•mqnt In funth 113431 710 5.667 (4,726) 17,4541 (11180 Re¢an¢ll•tlon of funth: Fund balances •t l Aprll 2024 46,104 50,830 7h54 Fund b•hnM It JI Mlfth 2025 44.761 7,010 51771 46,104 The statement of flnanclal artMlle5 Indudes all 8alns and los reCnIsed In the ye•r. All Income and wiendlture der from contlnuln8 actsltIes.
SHELTER HOUSING ADVICE AND RESEARCH PROJEcf (LEICESTER) LTD BALANCE SHEEr AS AT31 MARCH2025 21ll5 84.185 28,149 84,TJ2 21.565 Cash at bank and in h•nd iUJ34 110,563) 106,357 {10,253) Cmdltorn: •mounts falllnithe wlthln on• y•ar 13 Nat ¢wr•nt *Mets 1017n 96,104 Crndlkn: amounts f•llkn8 due after more •n• 150.(XJO) (50,OIXI) Net ass 51,711 46,104 Th• fundi af the ¢harlty Restrlcted Income fund5 Unre5trfcted funds 16 17 7,010 44,761 46.104 5L771 46,104 The cornp•ny Is entttled to the mPtIon from the audlt requlrement contalned In sectlon 477 of the Companles Art 2006, for the 1r •nded 31 March 2025. The dlr•ctors acknowledge thelr responslbilities for complyin8 with th• rnqulrements ol the Companle5 kt 2006 with respect to accoundn8 records and the preparatlon of flnandal siatements. Th• membefs not requlred the company to obtsln •n audlt cf Its flnanckl statements for the year In question In Iccordance wlth settlon 476. These flnandal ststements have been prepared in accord•nu wlth the pThlslons applkable to companies subJert to the small companles re8lme. The flnan¢lal statements were apprryRd by the trustees on 25 November 2025 Andrew Morfey 10-
SHELTER HOUSING ADVICE AND RESEARCH PROJEcf (LEICEsfER) LTD NOTES TO THE FINANaAL sfATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025 untlw pol¢les Charlty k)forniatlon Shelter Houslni Advlce and Research Project (Lelcester) Ltd 15 • prlv4te company Ilmlted by guarantee Incorporatsd In England and Wales. The registered office Is 13 Welford Road, L•lcuter. LE2 7AD. 1.1 Bads of preparatlon The accounts have been prepared In aqzord•nce wlth the charws wmlns documenL the Companles Art 2L))6 ind -Accountlr4q and Reportlng by Charities: Statement of Recommended Prartlce applkable to charltles preparing thelr accounts In accordance wlth the Financlal Reportlng Standard appllcable In the UK and Republk of Ireland IFRS 1021" (as amended for accountlna periods commenclng from l January 2016). The drIty Is a Publlc Benefft Entlty as defined by FRS 102. The charlty has tskèn idv•nts80 of the provlslon$ In th• SORP for chirfiies applylni FRS 102 Update Bulletln I not to prepare a Statement of Cash Flows. The flnanclal statements are prepared In sterlln& whlch 1$ th• funrtlonal cjjrrency of the tharlty. Monetiry amount$ In these flnan¢lal statoments are rounded to the ne•r•st L The financlal statements hwe been prepared under the h15torfal cost conventlon, Imodlfied to Include the reluatIon of freehold yoperties and to Include Imestment propertles and certaln flnanclal Instruments at falr value]. The prlndpal accountlrq pollcles adopted are set out below. 12 Golns t4¢¢M At the tlme of apkYovln8 the flnanclal statements the trust•es have a reasonable wectatknn that the tharlty ha$ adequate reurceS to contlnue In operational exlstonc• forthe foreseeable future. Thus the trustees contlnue to adopt the golng concern basls of accountlnl in prewrln8 the flninclal statemerrts. L3 Ch•rhablefunds Un$t11rted funds are mllable for use at the dlscretlon of the trust••$ In furth•rnn¢e of thelr tharftable objeciives. Restrlcted funds are subjert to spocfftc condltlons by donors or grantors as to how they may be used. The purp95e$ and uses of the restrkted funds are sèt out In the natos to th• tlnan¢lal ststemeTht$. Endwment fund5 are subject to speciflc condltlons by donors thtt the upltal must be malntalned by the charlty. IA Inwme Income Is recollniled wh•n the dwrfty Is legally entltled to It after any performance condltlons ha¥e been mel the amounts be measured rnllibM and It Is probable that Income wlll be recefved. Cash donations are rttognlsed on recelpL Other donatlons are reco8nlsed once the tharity ha5 been notffied of the donatlon, unless performance condltlons requlre deferrnl of the amount Income tax recoverdble In relatlon to donatlons received under Glft Ald or deeds of covenant Is reco8nlsed at the tlme of t donation. L4acles ar• recognlsed on recelpt or otherwlse If the charlty has been notlfted of an Impendln8 d15trlbutlon. the amgunt is known, and recelpt Is expected. If the amount Is not known. the le8acy istreated 9$ a ontln8ent asmt. 11
SHELTER HOUSING ADVICE AND RESEARCH PROJEcf (LEICEsfER) LTD NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIAROI 2025 Acawntlry pollcles (ConllN•d) 1.5 Exp•ndltur• Expendlture Is reco8nlsed once there15 a lepl or construrtlve obllgauon to trdnsfer economk benefit to ? thlrd party. ft is probable that a transfer of econom1¢ benefits will be requlred In $etdemenL and the amount gf the oblwlon can be measured rellab Expendlture Is dassffled by a¢tMty. The costs of eath arthity are made up of the totsl of dlrect costs and shared cos Includin8 support costs Invofved In undertakln8 each activity. Dlrect costs attributsble to a sln8le actlvlty are allocated dlrectly to that actmty. Shared costs whlch coirtrfbute to more than one actlvlty and support costs whlch are not attributable to a slnBle actlth are apportloned between those attlvities on a basls conslstsnt wth the use of resources. Centrnl staff costs are allocated on the basts of time spenL and depreclatlon chirBes are allocated on the portlon of the ass•Vs uge. Expendlture Is re(08nlsed on an accrual basls as a lbIlity Is Incurred. Expendlture Includes any VAT whlch cannot be ful recovered. andrs reported as part of the &Ypenditure to whlch It relates. Charltable eApendlture MprIseS those costs inrr by the charlty In the dellvery of Its actmtles and servlces for Its b•neficlarles. It Includes both costs that can be allocated dlrectly to such aclfvltles and those costs of an indlrert nature n•c•ssary to support them. All costs are allocated between the expendlturn caworles of th• SOFA on a basls dened to refiect the use of the resource. Costs relatlng to a partlcular actlvlty are alk>cated dlrectly. others are appordoMd on an approprlate ba$i$. Support $ts are those costs Inrred dlreth In support of •xpendlture on the objects of the charlty and include project mana8ement. Governance costs Include those costs associthd with moetlng the constltutlonal and 5ts1tutory requirements of the charfty and Indude the Independent examlnation fees and costs Ilnked to the strate8lc mana8ement of the dwrlty. L6 Cash and equfval•nts Cash and cash equwalents Indude ¢h in hond, depo$lts held * call wlth banks, other short-term Ilquld InveStnts wlth orlwnal maturftles of three months or les4 and bank oNrdrth& Bank overdrafts are shown wlthln bDrrowln85 In current Ilabllltles. 1.7 Fln•ncknl Initrimionts The charfty onty has finandal assets and financlal Ilabllttles of • klrKI that quallfy as flnandal Instrumei)ts. Basic flnandal Instruments are Inltlally re¢o8nised at transactlon valu• ind subsequently mwures at thelr settlement lue wlth the excepuon of bank loans. whlch are subsequently mea5ur•d at amortlsed cost usln8 the effectlve Interest method. Financlll Ilabllltles are dereco8nlsed when the charltys contrd¢al oblwlons expl or •rn dlgchar8ed or fancelled. L8 Emplo• b•n4fft1 The ct of any unused hollday entlU•ment 1$ rnco8nlsed In the perlod In whlch the employeets servlces rec•lwd. Temiination benefits are reco8nls•d Immedlately as an expense ¥rtn the tharity Is demonslrably cornm1tt to terminate the employment of an emplope or to provlde tern)Inatlon beneffts. 1.9 Retlyement Ixn•ffti Payments to defined contrlbution retlrnment benefft schemes are charged as an expense as theyfall due. 12-
SHELTER HOUSING ADVICE AND RESEARCH PROJEcf (LEICESTER) LTD NOTES TO THE FINANCIAL sfATEMEKts (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Attountlni poll¢l Icontlnuodl 1.10 Equlpm•n¢ thtur•i and fftllnp Expendlture on equlpmen¢ Ul•S ind ffttlni$ 1$ wrltten off a8alnst 8rant Incorne In the yeir In whlch expendfture Is Incurred. 1.11 Fund attaunllry Unrestricted funds ar• •FAllabl• for use at the dlscretlon of the trustees In fvrthernnce of the pnerdl objectlves of the charft Dewgn•t•d funds are unrestrlcted funds •arniirknd by th• Mana8ement Commlttee for prtlcular purposes. Crftk41 acmun11 •rtlmAtrf MdJU*•mts In the applicatlon of th• ch•rWs accountlng poildes the trustees are requlred to make Judgements, estlmates and assumptions ibout the carrylng amount of assets and Ilablljtles that are not readlly apparent from other sources. The estimates ind a550clated a5sumptlons are based on hlstorfcal experleno and other factors that are consldered to be relev•nt. Actual r•$ults may dlffer from thos• •stlm•tes. The estlmates and Underqn8 assumptlons •r• r•Wlewed on an on8oln8 basls. Revlslon$ to accountlw estlmates are recnISed In the period in whlth th• •stlmth18 revlsed where the revlslon affects only that perlod. or In the perlod of the revlslon and future pwlods where the reOn affects both current and fUle perlods. 13-
SHELTER HOUSING ADVICE AND RESEARCH PROJEcf (LEICEsfER) LTD NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donatlons and l•pd•s Unr•#rlct•d funds fund• 2025 Donations and le8•cl•s Grnnts r•c•l¥able 37,767 37,767 76164 27,532 70,242 76.864 37,767 76A64 IN.631 97.774 For the ye•r ended 31 Mrrtth 2024 27.532 70,242 97,714 Donatlom lry•des Reaular donatlons and th ald Other donatlons and appeals Edlth Murply Foundatlon Lekester Soclal Economy Cons¢>rtlum 15,160 17,707 15,160 17,707 8,610 18,922 L3 37.767 37,767 2732 Grnnts re¢ePAbl• for t4)M acd¥ftle8 The Natlonal Lottery Communlty Fund Henry Smlth 76,864 6L241 76,864 76,864 70,Z42 Incom• from ath•r trnd1 act111•1 UnreJtrkt•l Unr•*lcl•d funds 2024 SeNlces prnvlded 31138 23.940 14-
SHELTER HOUSING ADVICE AND RESEARCH PROJEcf (LEICESTER) LTD NOTES TO THE FINANaAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Unr•Jtrlct•d Unr•Jtrlct•d fundj fundi 2024 Interest recelvable 463 258
SHELTER HOUSING ADVICE AND RESEARCH PROJEcf (LEICESTER) LTD NOTES TO THE FINANaAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2025 Chrltabl• •¢tl¥lth• Unrtrkted N•tlon•l C•fftm H•yM Hmry Srnlth lun exPendIt Communl fund 2025 2024 Staff costs Ren¢ rates and ser¥ke char8es Llsht and heat Telephone Insurance Thvel. trnIn1 and conference expenses VAT Inputtax not redalmable Prfntln8. P05*e and ststlonery Computer equlwnent arKI IlcerKes Loan interest Malntenance. repalrs and sundry equlpment Mlscellaneous eynses Payments to clients Consultancy 47,609 54,556 101165 89,945 4.619 932 2.143 547 5,262 iii 1551 685 9.881 1043 964 4,374 4,296 1232 426 1766 2.766 3.919 lJ47 752 4,107 1,871 1,250 I0 3.741 1250 2,245 13CKI 632 833 1.264 IA33 88 1983 1287 37 628 64,691 68,726 133817 126391 Shire of 8avemance costs (see note 7) 1.128 7,761 70,711 69W4 140,565 134,152 Afftatyskn byfund Unrestrlcted fund$- 8enernl Restrlcted funds 70,711 70,711 69,854 69,854 70.711 69,854 0,565 For the year ended 31 M•rch 2024 Unrestricted funds- goneral Restricted funds 4990 49,630 84,522 59,949 13,225 Il348 49,630 59.949 13J25 IL348 134.152 18-
SHELTER HOUSING ADVICE AND RESEARCH PROJEcf (LEICEsfER) LTD NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 202S Support ¢0rts Support Gawrn•nc• its 2025 2024 Staff costs 2,940 2,837 IndepeNlent examlnerfees Bank charyes Rent Lht and heat Telephone VAT Input tax not reclalmable Other manCe costs Indudlng Insurnnce, cleanln mlscellaneous and PPS 2,255 133 642 178 2,250 76 178 374 341 241 241 351 351 7.148 7,148 7.761 Analysed between Charitable actithles 7,148 7.751 Governance costs Includes payments to the Ind•p•nd•nt •xJmlneTh of £225512014• Q250) for examlnatlon fees. N•t mowm•nt kn fundi The net movement In funds15 Stated after char8ln8llcredttln8).' Fw5 wy•bl• for the Independent examln•lon of the charltys flnandal statements 1255 1250 None of the truste•5 (or any persons connected wlth them) recelved any remuneratlon dur1 the year and none of them were relmbursed fortravelllni expen5es12024- £nll). 10 Emplgy••J The rle mpnthly number of employees durln8 the year was: Nwnb•r Numb•r Provlslon of housln8 ad¥lce support 17-
SHELTER HOUSING ADVICE AND RESEARCH PROJEcf (LEICESTER) LTD NiyfES TO THE FINANCIAL STATEMENT5 (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employees (Continu) Emplgynwrt ¢orti 2025 Wages and salarle$ Other pemlon costs 102.745 iJ68 91,620 1.162 105,105 91782 There were no employees whose annual remuneratlon was more than £60.0. R•muMr•tlon of k•y m•ni•nant pqrwnn•l The remuneratlon of key mana8ement personnel was as follows: A8ye8ats comptnsatlon 61582 59,595 The charlty Is exempt frnm tsxatlon on Its acthiltles because all Its Income Is applled for charftsble purposes. IZ D•blo 2024 AmouThtsl•lllnidu• wlthln on• y••r: Trade debtors Other debtor5 Prepayments and accnKd Iorne 79.7n 1,661 3,359 599 84,185 84,792 IS crad1t0. amouibts du• p*Rhln on• y•ar Other taxation and sodal 5ecurlty Other credltors Accruals ind deferred Income 264 7,OSS 207 6.6 lo63 10,253 -18-
SHELTER HOUSING ADVICE AND RESEARCH PROJEcf (LEICEsfER) LTD NOTES TO THE FINANaAL 5fATEMENTS (coKfiNUED) FOR ThE YEAR ENDED 31 MARCH 2025 Cr•dltorn: •rnounts hlllry du• •ft•r mor• thn (• y•w other credttors 50,CVJO Rotlrement benefft s¢hem 2025 D•fin•d contrflxrfan Kh•m Charge to profft or Ios5 in respect of defined contribution schemes 1162 The charlty operates a defined contrlbution penslon Acherne for all quallfyln8 employee5. The assets of the scherne are held separatety from those of the tharity in in independently admlnlstered fund. 16 rIc1•d fundj The restrfrted fund$ of the ¢h•rfty comprfse the unexpended balann$ of dgnatlons and wants held on trust subJect to specinc condluons by donors as to how they may be used. At i WI 2024 I11¥ Tranthrs At 31 Mar¢h 2025 The Natlonal Lottery Communlty Fund 76A64 169,854) 7,010 At l Aprfl 2023 Incomlnl Re(•1 Tr•nrf• At JI March Th• NaUonal Lottery Communlty Fund Carlton Hayes Henry Smlth 16.507} IL730 1231 6L242 (59,9491 (13,2251 (113481 5,214 IA95 117 70,242 (84,5221 6,826 19-
SHELTER HOUSING ADVICE AND RESEARCH PROJECT {LEICEsfER) LTD NOTES TO THE FINANaAL sfATEMEMfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Unr•rtrlct•d funth The unrestrlrted funds of the charlty Include donatlons and irants from a vartety of 50urces and they enable the charity to pursue Its yneral charltsble actlbttles: At l Aprl 2024 InCOrn Rewur rwour ewxnded At 31 Mirth 2025 Genernl fun¢ts 46.104 69,368 170,711) 44,761 Prwloug year: At i Aprti 102J Intoml Mmurtm ry•nd•d TraMf•rn At 31 20 Generdl funds 51.730 (49.5301 16.826) 46,104 of n•t ••Mts b•tw••n fundi Unrertrlcted Rertrfctsd fundi funth 20 X115 2025 At 31 m0h 202%. Ojrrent assetsl{Ilabllltles> Lon8 term Ilabllltl•s 94,761 (50n)O) 7,010 101,771 (50,OCO) 44,761 7,010 5L771 funds 2024 fundg At 31 M•rch 2024: Current assetsl{Ilabllltlesl Lon8 terni Ilabllltles %,104 150,000) 96.104 (50.000) 46.104 46,104
SHELTER HOUSING ADVICE AND RESEARCH PROJECT (LEICEsfER) LTD NOTES TO THE FINANCIAL sfATEMENfs (CONTINUEDI FOR TrIE YEAR ENDED 31 MARCH 2025 19 Op•rndns rommltmmnts At the Rportln8 end dats the charlty had outstsndlni commltments for future mlnlmum lease payments under Mn- cancellable operatin8 leases, which fall due as follows: Wlthln one year Between two and Il¥e y4ars 9,51YI 9,500 19,C 19.orx) 28,5LX) The operatln8 leases represent rentsl leases of premlses whlch are flxed at £9.5(X) per annum unts12027. 20 Rel•ted lty tranmrtlons HITS Home Truii Mr Davld Brazler who Is a member of staff of Sh•lt•r Houslng Ald Research Project (SHARP) Is also a Dlrector of HITS Home Trust. SHARP recelved a loan of £S0,Crf from HITS Home Trust repayable ov•r 3 y•irs. The balance outstsndlng as at the year ended 3111 March X12S Is £S0,00012024: £50MXI} and the Interest pald thls year £1.3tJ) {to date on the intLYest on the loan was £15.100}. Frazer Robson and Jane Taylor. are trustees of Shelter Houslna Ald Research ProJect15HARP) and Mr D•¥id Brazier, is member of staff of Shelter Housln8 Ald Research Project (SHARP), and all three are dlrKtor5 of LSEC Durln8 the year SFL4RP recharged management fees of £22(* (2024: £22,500) to LSEC. One staff member of SHARP was seconded on a part-tlme basls to cover for a member of LSEC staff who was on maternlty leave. SHARP Involcod LSEC £7,726 durfng the course of the year In relatlon to thrs MCDndrnenL Durlnl the course of the year LSEC made donatlon to SHARP of £1300. Ag at the 31 March 2025 SHARP w•$ owed £79,654 (2024: £79,231> In respect of man4ernent fees and the a>mmlsslon on rentsl Income durfnsthe norni•l course of busines& 21-