REGISTERED COMPANY NUMBER: 02537864 (England and Wales) REGISTERED CHARITY NUMBER: 11)01178 REPORT OF THE TRUSTEES AND FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR WOROSLEY HOUSING soaETY J W Hlnks LLP Chartered Accountsnts and Statutory Audltors 19 Highfield Road Edgbaston Blrmlngham B153BH
WORDSLEY HOUSING soaErY CONTENfs OF THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Report of the Truste I to 11 Report of the Indwendent Audltors 12 to 15 Statement of Flnanclal A<tlvltles 16 Balance Sheet 17 Cash Flow Ststement 18 Note5 to the Cash Flow Statem•nt 19 Notes to the Flnanclal St•tements 20 to 29
WORDSLEY HOUSING SOCIEfY {REGISTERED NUMBER: 025378641 REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are a15D dlrectors of the charlty for the purposes of the Companies Act 2006, present their report wlth the flnancial Statements of the charlty for the year ended 31 March 2024. The trustees have adopted the provlslons of Accounting and Reporting by Charltie5'. Statement of Recommended Practlce appllcable to charltles preparing their account5 in accordance with the Financlal Reportlng Standard appllcable in the UK and Republlc of Ireland IFR5 102 leffectlve l January 20191. 08JEcfivES AND ACTIVITIES Our Vlslon Our vlsion Is a world where people are not labelled or judged for havlng a mental illness and are asslsted to recover their independence. Our Mlssion Our mission 15 to provlde people who have a mental Illness and as50¢iated problem5 in the Dudley borough wlth a seryice that: Provldes person centred 5UPPOrt packages that meet the needs of the indlvldual. Empowers indlvlduals to ach thelr full potentlal by Improving thelr confldence, self*steem, hope and reslllence. Encourages and provldes opportunltles for Indlviduals to have cholce and take control over thelr Ilves. Enables participatlon in a wlde range of actSvltles and promotes community soclal inclusS0n, OBJEcfivES ANO AIMS Wordsley Housing Soclety is a reglstered charity and private limited company. The Society operates from premlses Owned by, and rented from, the Churches Housin8 Association of Dudley and Olstrict ICHADDI. The object5 of the Soclety are "to provide housing and associated amenltles for dSscharged psychlatrlc patients and persons suffering from mental Illness who are In necessitous circumstances. The maln bulldlng at 30 Brotsk Street In Word51ey was completed and opened In 1987 as a mental health resldentSal care home In response to the predlcted closure of two psychiatrlc hospltals in Dudley - Burton Road Hospltal and Barnsley Hall Hospltal. In March 2015, we transitloned from a resldentlal care home to a supported Ilvlng service offerlng tenants more personal cholce and control that comes from having a tenancy agreement. In 1996, the Society added an extsnsion to the maln building offering further accommodation and recreat5onal space. Slnce then, three two-bed properties have been added to our portfollo, two In 2002 and one in 2009. These homes provide tenants wlth the opportunlty to experlence independent living with reduced hours of support as a Stepping stone before Ilving completely independently a5 integrated members of the community. All buildlngs, the surroundlng environment and living accommodation are decorated, furnished and mairbtalned to a very high standard through regular Investment by the Soclety and CHADD. Page I
WORDSLEY HOUSING soaEtY (REGISTERED NUMBER: 02537864) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Slgnlficant activitle5 Our Accornmodation O Brook Str ort d LSvin commodation 30 Brook Street accommodates UP to 19 people on two levels and is made up of 19 rooms over the two floors. The ground floor offers 5in8le bedroom accommodatlon wlth shared bathroom and livlng spaces. There are I0 communal lounges, a compLrter room with free Internet access, a spacious dlning room, laundry, and a large well- malntained garden wfith patlo areas. Our cook can cater for tenants in our commerclal-style kltchen located on the ground floor and there Is also a kitchenette available for tenants to use. The first floor offers bedsit-style slngle bedrooms wlth two people sharing a kltchen and bathroom, there is alw a very pleasant communal lounge/ dinlng room available to use. Str Livin Our three, shared two bed propertie5 on Sutton Street can accommodate 6 people and 15 located In a qulet cul-de-sac In close proxlmity to 30 Brook Street. Livin The servlce 15 registered and regulated by the Care Quallty Comrnlssion under the Health and Social Care Act 2008 to provlde personal care as well as belng commlssioned by Dudley Metropolitan Borough Councll IDMBCI for the provision of care and support for people wlth complex needs. In July 2023 the Care Quallty Commlsslon'5 revlew of the Soclety's work m3intslned the prevlously rated standard of "Good" and reported that 'We revlewed the information and data vailable to us about Wordsley Houslng and Independent Living Services. We have not found eVIden that we need to reassess the rating at this stage. Throughout 2023 2024 we provlded accommodatlon and support to 29 Indfvlduals, the malorlty of whom We from the Dudley area, and achieved an occupancy rate of 93%, We recognise that everyone has indlvldual needs and expectatlon5, and we offer flexible person-centred support packages wlth the aim to maximlse each tenant's Ilfe opportunities, achieve greater independence, develop dally Ilvin8 skllls and promote soclal inclusion. Tenant5 can receive support with the followlng interventions If necessary- the Ilst is not exhaustive: Malntalning a tenancy Maintalning their mental, physlcal, and emotlonal well-belng - Attending to personal care - Assisting with the management of medicatlon - Attending appolntments Developing daily living skllls Managing finances Ibudgetin& clalming benefits, debts) Provldlng access to leisure, cultural and social actlvlties Iholldays. day trips and celebratlonsl Developing and malntaining soclal netsvorks and positfve relationships - Developlng hobbies l interests - Accessing education, trainin& volunteering and employment opportunltles Page 2
WORDSLEY HOUSING soaETY IREGISTERED NUMBER: 02537864) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECtIVES AND AcfiviTIES Services are delive by qualified and experienced staff who share our recovery-based values and alm to support people In a variety of ways that enable people to- Develop skills and strategles that enable them to manage their mental Illness and Its symptoms. Live independently beyond any mental health service. Develop resilience. improve self-esteem and Independent thlnklng and Ilving skills. Identlfy reallstlc Ilfe goals. - Move on to less supported or independent accommodatlon If requlred and approprlate. Publ1¢ benefit How our artlvltles dell¥er publlc benefit All our charitable actlvltle5 focus on our ablllty to enable individuals who are suffering from mentsl 111 health to malntaln an independent and valued role within the communlty. The Society operates as a 5LKlal business In that It has no shareholders, and all surpluses are used for the furtherance of Its charltable aims. Sodal investments Social Investment Is about Investing In people. It means havln8 pollcles designed to strengthen people's 5ki115 and capacitles and supporting them to participate fully in employment and soclal life. Key policy areas include educatlon, healthcare, tralning, volunteerin& lob-5earch a5SlStance and rehabllltatlon. Everything we do represent5 a soclal Investment for both the tenants we serve and the stsff who support them. We encourage every tenant to maxlmise thelr development and partlcipate fully within the communlty and every member of staff Is encouraged to develop their skllls to enhance thelr sense of wellbeing and feeling valued and respected. Protertlon of Vulnerable Adults We have reviewed our responslbilities as laid out In the Care Act 2014 and In the CharSty Commisslon's Guidance of Stratebry for dealing wlth safeguarding issues in charities and confirm that we have Complled with statutory requirements. The organlsation is committed to the safeguardlng of vulnerable adults. We have pollcles and procedures for the protertlon of people who use our seThices and provide regular staff training. Every new memÈer of staff receives an employee handbo)k. In this, the organlsatlon's values are relterated, and stsff are reminded of the pollcles on safeguardlng and whistleblowing. Tenants are also Infomed and educated on how to safeguard themsehes. this includes what to look out for and how to port it. Page 3
WORDSLEY HOUSING SOCIEfY {REGISTERED NUMBER: 025378641 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND AcfiviTIES The Staff Team Our Reglstered Manager, with extensive experience of managlng mental health seNices and developlng high quallty responses to meet diverse needs, is Ms Karen Barr. Working with a small team whlch provides administratlve and flnanclal support to enable the whole staff team to operate effectNely and to develop and implement new initiatives she carrles out the day-to-day management of the home and Suppo the Trustee5 in managing the seNice by providing bl-monthly reports to the board. We have a well-trained, friendly, diverse team of 38 staff Including 31 support workers, all of whom have the rfght values, behaviour5 and experlence to work in the social and fflental health care 5ettOr. We contlnue to manage our recrultment programme to ensure we appolnt the rlght people to dellver personalised services whilst retalnin8 our skilled, motlvated and dedlcated workforce. We use safe recruitment and selection procedures. All member5 of staff undergo an enhanced DiKlosure and BarrSng SeNlce IDBS) check and have preomployment checks to confirrn that they a sultable to work with vulnerable people. We consider that staff are our most valuable asset. Their exceptlonal skllls and abilitles differentlate our organisatlon from our competitors, and they contribute sSgnificantly towards our 5ucces5. All staff receive Induction. ongoSng mandatory trainin& profe551onal development and performance revlews to ensu that they remain up to date with recommended practlce and regulatory requirements to enable them to carry out thelr role and responsibllltles to the high standards we expect. The performance reviews also provlde an opportunlty for the senlor team to offer support and guidance to employees and the space to share their problems and concerns. Thi5 has an added beneflt of improvlng the team's latIonshiPs.. the conversotlons can remove frlction and other negatlve emotions whlch may be generated through worklng in what may be stressful working envlronment. In July a member of the publlc emalled the manager to cornpliment a member of staff she had observed with one of our tenant5 who was accompanied on an external visit and who became dlstressed. The Support Worker dealt with the 5ituatlon calmly and directly, as reported by the observer who said 'she was warm friendly, respectful and ensured the lady she was wlth was tomfortable and safe. It was clear that the young lady regarded the lady she was with as a peer and treated her as such. It was such a lovely interactlon to observe, and I felt I should pass it on, . Allce. In our last Care Quallty Commission report comments about staff Included: "Relatives told us they felt confldent staff were approprlately trained and equlpped to carry out their role." The staff are very good. They know what they're dolng," and "I thlnk the staff are excellent." In June a relative emailed us to say that her bother in law "had been very happy living at WHS and hls family ftlt reassured that he was safe and settled." Page 4
WORDSLEY HOUSING SOCIETY (REGISTERED NUMBER: 02537864) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Achievement and perfofman Charitable actlvitles Ensurln8 our work dellvers our alms We review our alms, objectives and actlvitles annually. Thls review look5 at our achievements and outcome5 over the previous 12 months. The success of each activlty and the beneflts they have brought to the people we support are fundamentsl to our servlce dellvery. Key alms and achievements for the year included.. i. The Introductlon of Nourlsh - a dlgltal care system which replaced the inefflclent recordlng of data on paper 2. To ensure that tenants and staff feel valued, supported and glven the confidence to achieve their goals. 3. To retain our experlenced well-trained staff 4. To have increased our bank staff team 5. To have vIewed the trainlng methods to enable staff to comfortably meet thelr tralning requlrements. 6. To play our part In providing mentsl health seNlces to the local communlty 7. To review all income and expenditure and a8ree upl5ft5 to Ineligible and eliglble char8es wlth Housln8 Benefit and tenants. 8. To source and re.invest In a 2-yearflnanclal bond. 9. To employ an experienced and knowledgeable Deputy Manager to help drlve the Soclety's contlnuous development. Enhancements to the Service durlng the year Included.. Carried out a tenant food cholce analys55. Completed Quality Assurance Tenant questionnaires. Carrled out a tenant engagement event forfuture leisure actlvltles. Introded a Culture and Olversity Programme for each month of the year. Provided addltlonal support to staff thfough a restructured senlor management. STRATEGIC REPORT These are the strategic aims that define the work of the organisatlon: Promoting good rnental health and preventlng poor mental health- helpln8 people lead better Ilve5 as equal cltizen5 Continue to delrver supported Ilvlng contracts for the local council. To explore altemative routes of referra15 Continue to develop relations shlps with other professlonals that promote our seNlces. Page 5
WORDSLEY HOUSING SOCIETY (REGISTERED NUMBER: 02537864) REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2024 STRATEGIC REPORT rinancial review Flnanclal positlon The Ststernent of Financlal Activitles for the year ended 31 March 2024 Shows incomlng resources for the year totalling £1,020,86712023'. E882,6641 and resources expended totalllng £971,89212023'. E892,9471. Net Incoming resources before 105ses on Investment for the year ended 31 March 2024 amounted to £48,97512023: net outgoing resources before gains on Investment5 amounted to EIO.2831. Gains on Investments for the year amounted to £9,97512023.. losses of £15.9331. As a resulL the Soclety's total funds have Increased from £481,229 as at 31 March 2023 to £540,179 as at 31 March 2024. Reserves policv The majorlty of our fundlng 15 recelved from Dudley MBC who contribute towards the individual's support and accommodatlon costs, Any excess funds are either re-lnvested Into the seNlce or set aslde for reserves. The trustees have consldered the approprlate level of reserves for the Soclety and ased that the levels needed to be Increased to approxlmately 6 months of running costs. The trustees belleve that It 15 necessary to contlnually review th15 requirement to ensure that the Society has sufflclent resource5 to sustaln the standard of accommodatlon, care and sUPPOrt to its tenants in the event of funding changes, unplanned vacancie5 or the cost of redundancles In the event of contract termlnatlon necessltating the windlng up of the Soclety. This measure ensures that the 5oclety acts In a prudent manner with regard to the financln8 of Its day-to-day actlvStle5. Page 6
WORDSLEY HOUSING SOCSETY (REGISTERED NUMBER: 025378641 REPORTOF ThE TRUSTEE5 FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Future developments The oan153t10n w511 continue to dellver a wide range of mentsl health support seNice5 to the people of Dudley in a varlety of settlngs and our 50clal incluslon programme that wlll intlude.. Introductlon of an E-MAR system to work alongslde the Nourlsh dl8ltalisatlon system. Retender for Dudley MBC supported Ilving servSce contract. - Worklng wlthln the new Care Quallty Commission framework. Expandlng soclal networks for people wlth enduring mental health needs. En¢oura8lng frlendshlps to develop outslde of mental health servlces. For people with mental health problems to recover and rebulld thelr lives they need access to social, economlc. educational, recreatlonal and cultural opportunltles, and physical health 5ervice5, that m05t citlzens take for granted. A sense of personal identlty, aside from 111 health or dlsability, support5 recovery and incluslon. We believe that people with mental health problems are more than just a diagnos15 and have valuable contrlbution5 to make, not just need5 to be met. Services should support people to acce55 the opportunitle5 available withln the many communities to which they belong and to make valued contributions as actSve citizens. why It's important Mental well-being Is fundamental to a person's quallty of lrfe. It Is linked to good physical health, better cognltlve and physical functionlng, increased produttivity, better Interpersonal relationships, longer Ilfe expectancy and greater capaclty to deal with stress and adversity We alm to reduce the Impacts of mental dlsorder in odulthood whlch can be the cause of.. - unemployment - debt problems intreased rlsk of addlctlve behavlour an Increase In the risk of physical health problems especlally heart disease and cancer. dy5functlonal relationshlps wlth frlends & famlly. Supported housing provldes crucial help to some of the most vulnerable people In our country. It has an enormous posStive Impact on an indivldual's quality of lrfe.. from their physlcal and mental health to their engagement with the Communlty. Dudley Borough has a small number of supported houslng servlces for people wlth a mental health illness,. therefore, It can be difpicult to find 5Ultable 5ervlces for the range of needs people present with, We wéll also endeavour to.. - Advance our reputation and position to be the preferred cholce for referrals due performance and quality. Be an employer of choice. Provide 5peciallst developmental mental health and social Inclusion training to staff on an annual basis. - To maintain an occupancy rate of over 95%. Page 7
WOROSLEY HOUSING SOCIETY (REGISTERED NUMBER: 02537864) REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 MARCH 2024 sTRUURE, GOVERNANCE AND MANAGEMENT Goveming diKument Wordsley Housing Society Is a company Ilmlted by guarantee In England Ireg15tered company number 025378641 whlch was Incorporated on 7 September 1990 and achleved charitable status on 11 December 1990 Ireglstered charlty number 10011781. The Society was established under a Memorandum of Association, which estsblished the obletts and power5 of the Soclety, and a Board of Trustees, whlch acts for and in the name of the Soclety, governs the 5oclety under Its Article5 of Association. Recrultment and appointment of new trustees Trustees are recrulted through an open process of selection and are appointed at the Annual General Meetlng for a period of three year5 after whlch they may stsnd for re-elertion. The Soclety endeavours to recrult trustees wlth approprlate skills and local knowledge who wlll make a posltlve contrlbutlon to the work of the Soclety, New trustees re¢elve a trustee handbook and undergo an Inductlon process to brief them on thelr legal obllgations and responslbllltles. Organisatlonal strurture We have a Board of Trustees who are volunteers that Share ultimate responslbility for governing the Soclety and dlrectlng how It15 managed and run. All trustees glve thelr tlme voluntarily and recelve no benefits from the Society- The Board consists of seven members and Is comprlsed of the Chalrman, Deputy Cha5rman, Treasurer and other elected trustees who support the Manager with the day-to-day responsibilltles and management of the Soclety, The Board of Trustees meet bl-monthly throughoLrt the year and day to day respon51blllty for the management of the Society rests wlth the manager who Is dlrectly accountable to the Board of Trustees. The Board retalns ultlmate control over all aspects of the Soclety's work and ensures that its financlal and legal responslbilitle5 are properly fulfilled. The trustees fulfll their duty to ensure our investments are prudent, appropriately manoged and have the right level of rlsk to produce the right level of returns. A5 the Soclety 15 Incorporated as a company Ilmlted by guarantee, the trustees are deemed to be directors of the Society. Inductk)n and tralnlng of new trustees New trustees receive a trustee handbook and undergo an inductlon process to brlef them on thelr legal obllgations and responsibilltles. Page 8
WORDSLEY HOUSING SOCIETY (REGISTERED NUMBER: 025378641 REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Rlsk management The Board of Trustees has overall responsiblllty for establishing and maintalnin8 the 5ocietV'S System of Internal control and for reviewing its effectlveness. The system of Internal control is desl8ned to manage key risks and to provlde reasonable assurance that planned buslness objectlves and outcomes are achieved. It also exlst5 to give reasonable assurance about the preparatlon and rellablllty of financlal and operational Information along wlth the safeguardlng of the Soclety's a55ets and interests. In meetlng Its respon5Ibilltles. the Board of Trustees adopts a risk-based approach to Internal controls to ensure that all major r15ks that the 5oclety Is exposed to have been IdentSfled and revlewed and that procedure5 have been established to manage those r15k5. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 02537864 IEngland and Wales) Reglstered Charlty number 1001178 Reglstered office 30 Brook Street Wordsley Stourbridge West Mldlands DY8 5YW Trustees P D R John Ichalrmanl E M Walker Ivice-chalrmanl CPGray S J Waltho IMBEI J H Clarke IMBEI ITre35urerl R Cook-monk AJ Graham - appointed IQ October 2023 appolnted 10 October 2023 Company Secretary K Barr senior Statutory Auditor James Cruse ACA, FCCA, Bsc (Econl Hons Page 9
WORDSLEY HOUSING soaETY (REGISTERED NUMBER: 02537864) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Audltors J W HinksLLP Chartered Accountants and Statutory Auditors 19 Highfield Road Edgbaston Blrmingham B15 38H Sollcitors Hlggs LLP 3 Waterfront Business Park Brierley Hlll West Mldlands DY5 ILX Bankers Lloyd5 Bank plc 134 High Street Stourbridge West Midlands DY8 SAF STATEMENT OF TRUSTEES, RESI>ONSIBILmE5 The trustees Iwho are also the dlrectors of Wordsley Housing Society for the purposes of company lawl are responsible for preparing the Report of the Trustees and the flnancial Statements In accordance wlth appllcable law and United Kingdom Accounting Standards Iunlted Klngdom Generally Accepted Accounting Practlcel- Company law requlres the trustees to prepare financial statements for each flnancial year whlch glve a true and falr vlew of the state of affalts of the charitable company and of the Incoming resources and appllcatlon of resources, includln8 the Income and expendlture, of the charltable company for that period. In preparing those financlal statements, the trustees are requlred to select suStable ètcountSng pollcies and then apply them consistently,, observe the methods and prlnciples In the Charity SORP; make judgements and estlmates that are reasonable and pnjdent; prepare the flnancial statements on the golng concem basis unless It Is Inapproprlate to presume that the charltable company wlll contlnue In business. The trustees are responslble ft)r keeping proFer accountln8 records which dlsclose wlth reasonable accuracy at any time the financial pjsition 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 safeguardlng the assets of the charitsble company and hence for taking reasonable 5tepsfor the prevention and detection of fraud and other irregularities. Page 10
WORDSLEY HOUSING SOCIEfi (REGISTERED NUMBER: 02537864) REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES- continued In so far as the trustees are aware.. there is no relevant audic informatlon of which the charltable company's audltors are unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevorst audit Information and to establlsh that the audStors are aware of that Information. AUDITORS The audltor5, J W Hlnks LLP, will be proposed for re-appolntment at the forthcoming Annua1 General Meeting. Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company dlrectors, on 17 September 2024 and 518ned on the board's behalf bv.. P D R john Ichairmanl - Trustee Page 11
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WORDSLEY HOUSING SOCIETY (REGISTERED NUMBER: 02537864) Opinion We have audlted the financial statements of Wordsley Housing Society (the 'charitable company'l for the year ended 31 March 2024 which comprise the Statement of Flnancial Activities. the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accountlng policies. The financlal reporting framework that has been applied in their preparation is appllcable law and United Kingdom Accounting Standards Iunlted Kingdom Generally Accepted Accounting Practlcel. In our oplnlon the flnancial ststements.. Ive a trve and fair vlew of the stats of the charltable company's affalrs as at 31 March 2024 and of Its Incoming resources and applicatlon of resources, Includlng its income and expendlture, for the year then ended; have been properly prepared in accordance wlth United Klngdom Generally Accepted Accounting Pra¢tl¢e,' and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for opinlon We conducted our audit in accordance wlth International Standards on Auditing IUKI IISAS IUKII and appllcable law. Our responsSbilities under those standards are further descrlbed in the Auditors, responsibilities for the audlt of the financlal statements section of our report. We are Independent of the charltable company In accordance with the ethical requirements that are relevant to our audlt of the financlal statements In the UK, Includin8 the FRC'S Ethical Standard, and we have fulfilled our other ethical responslbllStSes in accordance with these requirements. We belleve that the audlt evidence we have obtained Is SLrfficient and approprlate to provSde a basis for our opinion. Condusions relatln8 to golng concem In audlting the flnancial statements, we have concluded that the trustees, use of the going concern bas15 of accountlng in the preparation of the flnancial statements is appropriate. Based on the work we have performed, we have not identlfled any materlal uncertainties relating to events or condition5 that, Individually or collectlvely, may cast slgnificant doubt on the charitsble company's ablllty to contlnue as a going concern for a perSod of at least twelve months from when the financlal statements are authorised for i55ue. Our responslbilltles and the responslbilitles of the trustees wlth respect to going concern are described In the relevant sections of this report. Other information The trustees are responslble for the othèr Informatlon. The other Informatlon comprlses the informatlon Included in the Annual Report, other than the financlal statements and our Report of the Independent Audltors thereon. Our opinion on the financial statement5 does not cover the other Informatlon and, except to the extent otherwlse expllcltly stated In our repor¢ we do not express any form of assurance concluslon thereon. In connection wlth our audlt of the financlal statements. our responsibility is to read the other informatlon and. in doin8 so, consSder whether the other Information Is materially incon515tent with the flnancial statements or our knowledge obtained in the audlt or otherwise appears to be materially misstated. If we identify such materlal inconsistencies or apparent material misstatements, we a required to determine whether thi5 gives rlse to a materlal misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a materfal misstatement of this Other informatlon, we are required to report that fart. We have nothing to report in thls regard. Oplnion5 on other matters prescribed by the Companie5 Art Z006 In our opinion, based on the work undertaken in the course of the audit.. the information glven In the Report of the Trustees for the flnancial year for which the financial ststement5 are prepared is consistent with the financial Statements; and the Report of the Trustees has en prepared in accordance wlth applicable legal requirements. Page 12
REPORTOF THE INDEPENDENT AUDITORS TOTHE MEMBERS OF WORDSiEY HOUSING SOCIETY {REGISTERED NUMBER: 025378641 Matters on whith we are required to report by exception In the Ilght of the knowledge and under5tandlng of the charitable company and its envlronment obtalned 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 requires us to report to you if, in our opinion.. adequate accountlng records have not been kept or returns adequate for our audit have not been recelved from branches not visited by us,. or the ftnancial statements are not In a8reement with the accountln8 records and returns,. or certaln dlsclosure5 of trustees, remuneratSon specified by law are not made,, or we have not recelved all the information and explanatlons we requlre for our audlt. Responslbllltles of trustees As explained more fully in the Statement of Trustee5' Responslbilitie5, the trustees Iwho are also the director5 of the charltable company for the purposes of company lawl are re5ponslble for the preparatlon of the financlal statements and for belng satisfled that they give a true and fair vlew, and for such internal control as the trustee5 determlne is necessary to enable the preparatlon of flnancial statements that are free from material m155tatement, whether due to fraud or error. In preparing the flnanclal statement5, the trustees are responslble for 055esslng the charltable company's ablllty to contlnue as a golng concern, discloslng, a5 applicable, matters related to going concern and using the 80ing concern basis of occounting unless the trustees ebther Intend to Ilquldate the charitsble company or to cease operatlons, or have no reallstlc alternatlve but to do so. Page 13
REPORTOF THE INDEPENDENT AUDITORSTOTHE MEMBERS OF WORDSLEY HOUSING SOCIETY (REGISTERED NUMBER. 02537864) Our responslbilltles for the •udit of the flnancial ststements Our objectives are to obtain reasonable assurance about whether the financlal statements as a whole are free from material mlsstatement, 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 wlth ISAS IUKI will alway5 detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, indlvidually or in the aggregate, they could reasonably be expected to Influence the economic declsions of users taken on the basls of these flnancial statements. The extent to whlch our procedures are capable of detetting Irregularities, Includlng froud is detalled below.. We identlfled areas of laws and regulatlons that could reasonably be expected to have a materlal effect on the flnanclal statement5 and discussed the pollcles and procedure5 regarding compliance. Specific areas considered were as follows.. Enqulrln8 wlth management and others to galn an understandln8 of the organlsatlon Itself includlng OFeratlons, flnanclal reportlng and known fraud or error. Evaluating and under5tsnding the Internal control system. Performlng analytical procedures as expected or unexpected varlances In account balances or classes of transactlons appear. Testing documentatlon supportlng account balances or cla55e5 of transactions. Owing to the Inherent Ilmltations of an audlt, there 15 an unavoldable r15k that we may not have detected all Irregularities Includlng those leadlng to material mlsstatement5 In the financial statements or non-compliance with regulation, even though we have properly planned and performed our audlt in accordance wlth auditing standard5. This rlsk increases the more that compliance wlth a law or regulation 15 removed from the events and transactlons reflected in the flnanclal staternents, as we w511 be less Ilkely to become aware of Instances of non-compllance. The r(sk is also greater regardlng Srregularltles occurrlng due to fraud rather than error, a5 fraud involves intentlonal concealment, forgery, collusion, omission or misrepresentation. A further descrlption of our responslblllties for the audSt of the flnancial statements Is located on the Flnancial Reportlng Council's webslte at www.frc.org.uk/auditorsresponslblllties. This description forms part of our Report of the Independent Auditors. Page 14
REPORTOF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WORDSLEY HOUSING SOCIETY (REGISTERED NUMBER: 02537864) Use of our report This report is made solely to the charitable company's members, as a body, in accordance wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has be2n undertaken so that we might state to the charitable company's members those matter5 we are requlred to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not 3ccept 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. I É(JA James Cruse ACA, FCCA, Bsc (Econl Hons (Senior Statutory Auditor) for and on behalf of I W Hlnks LLP Chartered Accountants and Statutory Auditors 19 Highfield Road Edgbaston 8irmSngham B15 38H 17 September2024 Page 15
WORDSLEY HOUSING SOCIETY STATEMENT OF FINANCIAL AcfiviTIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted funds Restrfcted funds Notes INCOME AND ENDOWMENTS FROM Charitable artlvltles Grants receivable Fees recelvable for care and support Rent and seIce char8es 4,5C 4,500 520,356 485?1 520,356 485,871 458.201 417,167 Investment income io,N) 10.140 7.296 Total 1,016,367 4,500 IA12067 882,664 EXPENDITURE ON Charitable artivlties Charltable activities Support cost5 82033 140,559 826033 145J)$9 740,831 152,116 4,$00 Total 967392 4,500 971W2 892,947 Net galns/llossesl on Investments 9,975 9,97S 115,9331 NET INCOME/(EXPENDITUREI 58,950 58,950 126,2161 RECONauATION OF FUNDS Total funds brought forward 481,229 481,229 507,445 TOTAL FUNDS CARRIED FORWARD 540,179 540,179 481,229 The notes form part of these financial ststements Page 16
WORDSLEY HOUSING SOCIETY IREGISTERED NUMBER: 025378641 BALANCE SHEET 31 MARCH 2024 Z024 Totsl funds 2023 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible asset5 Investments 12 13 3,436 162,671 1,770 147.323 162,671 166,107 166,107 149,093 CURRENT ASSETS Debtors Cash at bank and In hand 14 52,383 362,952 52,383 362,952 50,044 331,430 415,335 415,335 381,474 CREDITORS Amounts falling due within one year 15 (41,263) {41,2631 149,3381 NET CURRENT ASSETS 374,072 374,072 332,136 TOTAL ASSETS LESS CURRENT LIABILrriES $40,179 540,179 481,229 NET SET5 540,179 540,179 481,229 FUNDS Unrestricted funds 17 540,179 481,229 TOTAL FUNDS 540,179 481.229 The flnanclal 5tatement5 were approved by the Board of Trustees and authorlsed for issue on 17 September 2024 and were signed on it5 behalf by.. P D R John IChairmanl- Trustee The notes form part of these flnancial ststernents Page 17
WORDSLEY HOUSING SOCIETY CASH FLOW STATEMENT FOR THE YEAR ENOED 31 MARCH 2024 2024 2023 Notes Cash Ilows from operatlng artlvitle5 Cash generated from operatlons 29,763 8,740 Net cash provlded by operating actlvitie5 29,763 8,740 Cash flows from investlng actlvltles Purchase of tanglble flxed a55et5 Purchase of fixed asset investment5 Sale of fixed asset Investments Interest recelved {3,0081 (25,1891 19,816 lo,0 14,7421 4,742 7,296 Net C¥5h provlded by Investlng actlvltles 1,759 7,296 Ch•n8e In cash and cash equlvalents in the reportlng perlod Cash and cash equlyalents at the beglnnSn8 of the reportlng perlod 31,522 16.036 331,430 315.394 Cash and cash equl¥alents at the end of the reporting perlod 362,952 331,430 The notes form part of these financial ststernents Page 18
WORDSLEY HOUSING SOCIETY NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECOt4CILIATION OF NET INCOMEIIEXPENDITUREI TO NET CASH FLOW FROM OPERATING ACIIVITIES 2024 2023 Net In¢omel{expendlture) for the reportlbvd perlod {a5 per the Statement of Flnancial Actlvltie51 Adjustments for: Depreciatlon charges IGaln111055e5 On Investments Interest received Ilncreaselldecrease In debtors (Decreaselllncrease In credltors 58,950 126,2161 885 15,933 17,2961 6,280 19,154 19,9751 110,140) 12,339) 18,075) Net cash provlded by operatlons 29,763 8.740 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and In hand 331N30 31,522 362,952 331.430 31,522 362,952 Totsl 331,430 31,522 362,952 The notes form part of these financlal statements Page 19
WORDSLEY HOUSING SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financlal statements of the charitable companyi whlch Is a public benefit entlty under FRS 102, have been prepared in accordance with the Charlties SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their actounts In accordance with the Financlal Reportln8 Standard applicable In the UK and Republlc of Ireland IFRS 1021 leffectlve l January 20191,, Financial ReportSng Standard 102 'The Flnancial Reporrin8 Stsndard appllcable In the UK and Republ1¢ of Ireland, and the Companles Act 200G. The flnanclal statements have been prepared under the historical c05t convention, wlth the exception of Investment5 which are Included at market value. The flnanclal statements are prepared In sterlin& which Is the functional currency of the Chartty. Monetary amounts In these flnanclal statement5 are rounded to the nearest £. INCOME All Income 15 recognised In the Statement of Financlal Activitie5 once the charlty ha5 entltlement to the funds. It Is probable that the Income wlll be received and the amount can be measured reliablv. Investment income Is earned through holdlng a55ets for Investment purposes such as share5. It Incudes dlvldends and interst receivable. Interest Income is recognised uslng the effectlve interest rate method and dividend income Is recognSsed as the Charltles right to receive payment 15 establlshed. Investment management costs are Included in expenditure. EXPENDITURE Liabilltles are recognlsed as expenditure as 500n as the Is a legal or construrtlve obllgatlon committlng the charlty to that expenditure, It 15 probable that a transfer of economlc benefits wlll be requlred In settlement and the amount of the obllgatlon can be measured rellably. Expendlture is accounted for on an accruals basls and has been classifled under headlng5 that aggregate all cost related to the category. Where costs cannot be directly attrlbuted to particular headin85 they have been allocated to activities on a ba51s consistent wlth the use of resources. ALLOCATION AND APPORTIONMENT OF COSTS Cost5 are allocated between dlrect charitable and other expendlture accordlng to the nature of the cost. Where items Involve more than one category they are apportloned between the cate8orSes accordirbg to the natu of the cost. A detalled analy515 of the allocatlon costs Is given In the notes to the accounts. TANGIBLE FIXED ASSETS Depreclatlon is calculated so as to wre off the cost of an asset, less Its estimated useful resldual value, over the useful economlc Ilfe of that asset as follows. Computerequlpment Fixture5 and fittings 25% straight line method. 25% and 33.3% reduclng balance method. TAXATION The charlty Is exempt from corF)oratlon tax on its chartsble actlvities. FUND ACCOUNTING Unrestricted funds can be used in accordance with the charitsble oblettlves at the discretlon of the trustees. Page 20 continued...
WORDSLEY HOUSING soaE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLiaES- contlnued FUND ACCOUNTING Restricted fund5 can only be used for partlcular restrlcted purp05es withln the objects of the charity. Restrirtion5 ar15e when specffied by the donor or when fund5 are ralsed for particular restricted purposes. Further explanatlon of the nature and purpose of each fund 15 included in the notes to the flnanclal statement5. PENSION COSTS AND OTHER POsT-RlREmENT BENEFITS The Soclety operates a defined contribution penslon scheme for employees. The 35set5 of the scheme are held separately from those of the Soclety. The annual contrlbutions payable are charged to the statement of financlal actlvitie5. INVESTMENTS Current asset Investments Comprlse flxed term deposits and are stated at cost plus accrued Inte$t earned up to the balance sheet date. Investments are held to provide an Investment return for the charlty. GOVERNMENT GRANTS Government grant5 are recognlsed at the falr value of the asset recefved or recelvable when there Is reasonable assurance that the grant conditlon5 will be met and the grant5 wlll be received. A grant that specifie5 performance condltions Is retnISed In income when the perfomance condltions are met. Where a grant does not specify performance condltlon5 It is recognlsed in Income when the proceeds are recelved or receivable. A grant received before the recognition crlteria are satlsfled is reco8n15ed as a liablllty. OPERATING LEASE AGREEMENTS Rentals applicable to operating leases where substantlally all of the benefits and rlsks of ownership remaln wlth the lessor are charged agalnst surpluses on a stralght line bas15 over the perlod of the lease. INVESTMENT INCOME 2024 2023 Bank interest recelvable Dividends received 4,928 5,212 3,126 4.170 10,140 7,296 Page 21 contlnued...
WORDSLEY HOUSING SOCIETY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE AcfiviTIES 2024 2023 Activlty Grants receNable Fee5 recelvable for care and support Rent and service charges Grants receivable Fees received from residents Fee5 recelved from residents 4,500 520,356 485,871 458,201 417.167 1,010,727 875,368 Grants received, Included In the above. are as follows.. 2024 2023 West Mldlands Care A550ciatlon 4,500 CHARITABLE AcfiviTIES COSTS Oirect Costs (see note 51 Support costs (see note 61 Totals Charltable actlvities Supportcosts 826,833 {Z,Z771 82633 145,059 147,336 824,556 147,336 971,892 DIRECT COSTS OF CHARITABLE AcfiviTIES 2024 2023 Staff costs Hlre of equlpment Rent, rates and water Light and heat Repairs and maintenance Insurance Food costs Cleanlng costs Recreational and occupational Motor and travel Depreciation 599,170 12,320 101,227 24,9Z8 18,030 6,Z48 49,020 8,714 3NIZ 145 1,342 531,926 11,636 88,930 20,523 19,161 7,469 48,687 7,867 3,518 229 885 824,556 740,831 Page 22 continued..
WORDSLEY HOUSING SOCI NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Governance costs Other Totsls Support costs 141,564 5,772 147,336 Support costs are those costs that have been Incurred in order to further the contlnued development of the Soclety's charltable actlvltles. Support Costs, Included In the above, are as follows.. 2024 Support Costs 2023 Total attlvities Wages Soclal security Pen51ons General expenses Legal and profe551onal Telephone Subscription5 Security Prlntin& postage and statlonery stsff traSnln8 COSt5 8ad debts Exceptional Items- redundancy Auditors, remuneratlon 78.132 8,257 15,933 6,670 5,442 5,219 4,055 2,399 10,92Q 4,537 76,963 8,524 13,398 4210 5A59 4,306 3,679 2,844 4,918 6,312 224 15,179 5,700 5.772 147,336 152.116 NET INCOMEIIEXPENDITUREI Net incomellexpendlturel15 stated after chargingjlcreditingl: 2024 2023 Audltors, remuneratlon Depreciation- owned assets Other operatlng leases 5,77Z 1,342 12,320 5,7 885 11,636 Page 23 continued...
WORDSLEY HOUSING SOCIETY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 TRU5TEES' REMUNERATION AND BENEFIT5 There were no trustee5' remuneration or other benefit5 for the year ended 31 March 2024 nor for the year ended 31 March 2023. TRUSTEES, EXPENSES During the year expenses totslllng £6312023: £251 were relmbursed to trustees. STAFF COSTS 2024 2023 Wages and salarles Soclal securlty costs Other pension costs 647,920 37,639 15,933 585,293 32,120 13,398 701,492 630,811 The average monthly number of employees during the year was a5 follows,. 2024 37 2023 39 Management, admlnistratlon and sUPPOrt No employees recelved emoluments In exce55 of £60,OLMJ. io. COMPARATIVE5 FOR THE STATEMENT OF FINANaAL AcllviTIES All of the funds In the Statement of Financlal Actlvltles in 2023 were unrestrieted. ii. PENSION COMMITMENTS The Soclety contrlbute5 to the Indlvldual penslon plans of certaln employees. The a55et5 of these schemes are held Separately from those of the Soclety in Independently adrnlnistered funds. The total contributions for the year amounted to £15,93312023.. E13,3981 and outstsndlng contrlbutlons as at 31 March 2024amounted to £3,05312023: £601. Page 24 continued...
WORDSLEY HOUSING SOCIETY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 12. TANGIBLE FIXED ASSErs Flxtures and flttin8S Computer equlpment Tots15 COST At l Aprll 2023 Additlons 100,660 14,711 115371 At 31 March 2024 100,660 17,719 118,379 DEPRECIATION At l April 2023 Charge for year 98,890 590 14,711 752 113,601 1,342 At 31 March 2024 99,480 15,463 114,943 14ET BOOK VALUE At 31 March 2024 1,180 2,256 3A36 At 31 March 2023 1,770 1,770 13. FIXED ASSET INVESTMENTS 2024 2023 Investments 162,671 147,323 There were no investment asset5 Outslde the UK. Investments Inelther Ilsted nor unllstedl We as follows.. 2024 2023 Brought fonvard Investment additlons Investment disposals Revaluations 147,323 25,189 119,8161 9,975 163,256 115,9331 162,671 147,323 All listed Investments are carrled at their falr value whlch Is determlned by reference to the quoted prlce for Identical assets in an active market at the balance sheet date. The historical cost of listed investments amounted to £152,80712023.. £149,210). Page 25 continued...
WORDSLEY HOUSING SOCIETY NOTES TO THE ANANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 DEBTORS: AMOUNT5 FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Accrued income Prepayments 38,417 10,573 3,393 35,401 7,8(K) 6,843 52,383 50,044 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade credltors Soclal securlty and other taxes Other credltor5 Accrued expenses 9,380 8.884 3.862 19,137 7,371 8,370 11,639 21,958 41,263 49,338 16. LEASING AGREEMENTS Minimum lease and commitment payments under non<ancellable arrangements fall due as follows: 2024 2023 103,383 210,070 95,975 285,660 withln one year Between one and flve years 313N53 381,635 17. MOVEMENT IN FUNDS Net movement In funds Transfers between funds At 31.3.24 At 1.4.23 Unre5trlcted funds General fund Deslgnated fund- Reserves fund 31,229 450,000 58,950 135,01)0} 35,IXIO 55,179 485,OlXI 481,229 58,950 540,179 TOTAL FiINDS 481,229 58,950 540.179 Page 26 continued...
WORDSLEY HOUSING SOCIETY NOTES TO THÉ FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUND5- ¢ontinued Net movement in funds, Included in the above are as follows: Incoming resource5 Resources expended Galns and 105ses Movement In funds Unrestrfcted funds General fund 1,016,367 1967,3921 9,975 58,950 Restrltted funds West Mldland Care A550Clation 4,500 (4,51XII TOTAL FUNDS I,02067 (971,8921 9,975 58,950 Comparatlves for mo¥ement In lunds Net movement In fund5 Transfers between funds At 31.3.23 At 1.4.22 Unrestricted funds General fund Oesignated fund Fundraislng Designated fund - Reserves fund 57.205 240 450,000 125,5811 16351 13951 395 31,229 450,th)0 507,445 126,2161 481,229 TOTAL FUNDS 507,445 126,2161 481,229 Comparatlve net movernent in funds, included in the above are as follows.. Incomln8 resources Resources expended Gains and 105se5 Movement in funds Unrestrlcted funds General fund Designated fund - Fundralsing 882,664 1892,3121 16351 115,9331 125,5811 16351 882,664 1892,9471 115,9331 126,2161 TOTAL FUNDS 882,664 1892,9471 115,9331 126,2161 Page 27 contlnued.-
WORDSLEY HOUSING SOCIETY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS- contlnued A current year 12 months and prlor year 12 months comblned posltlon is as follows: Net movement in funds Transfers between funds At 31.3.24 At 1.4.22 Unrestrirted funds General fund Designated fund- Fundralsing Deslgnated fund- Reserve5 fund 57,205 240 450,01)J 33,369 16351 135,3951 395 35,OCKJ 55,179 485,OCMJ 507,445 32,734 540,179 TOTAL FUNDS 507,445 32,734 540,179 A current year 12 months and prlor year 12 months combined net movement in funds, Included In the above are as follows: Incoming resources Resource5 expended Galns and 105ses Movement In funds Ilnrestrlcted funds General fund Desl8nated fund- Fundralsln8 1,899,031 11,859,704) 16351 15,9581 33,369 16351 1,899,031 11,860,339) 15,9581 32,734 ReStrIrt funds West Mldland Care Assoclation 4,5C 14,5001 TOTAL FUNDS 1,903,531 11,864.8391 15,9581 32,734 Purpose of unrestrlcted funds eral fund This fund presents the free fund5 of the charlty that are not deslgnated for partlcular purposes. Desi nate Thls fund represents money that was raised by a member of staff and will be used for the sole use of tenants to enable them to partlcipate In activitles and events as part of our social inclusion programme. d fund- Res rve und This deslgnated fund represents the approximate costs that would be Incurred If the Soclety, for whatever reay)n, is unable to corbtinue operating. Page 28 contlnued...
WORDSLEY HOUSING SOCIETY NOTES TO THE FINANCIAL STATEMENTS. Mntinued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS- continued Purposes ol re5trlrted funds Midland oci n- Nourlsh G Adults Soclal Care Transformatlon Fund from The Black Country ICS on behalf of NHS England and the Dlgitising Soclal Care Programme IDISCI. These funds were awarded to the organlsatlon to assist with the procurement & Implementation costs of the Nourlsh digltal soclal care system whlch Is an NHS A55ured Suppller of social care technology which Is a requlrement of the fund. Nourish was chosen because it wa5 considered to be the most cornpatlble to our service and enabled u5 to purchase five handsets and deliver trainlng and provide additlonal admln time to successfully implement the system and transfer from a paper based system to a digltal systern. RELATED PARTY DISCLOSURES Luh on the Run P D R John, a trustee of Word51ey Houslng Society also served as tnjstee of a charitable company called Lunch on the Run (Company number: 03736856. Charity number: 10809001 S J Alliband, a responslble Indlvldual of Wordsley Houslng Soclety also seNed as trustee of Lunch on the Run . Durlng the year ended 31 March 2024 the followlng transattlon5 occurred betrNeen the 5oclety and Lunch on the Run. urch 8Lrffets costs totalling £50512023- £2151 were paid to Lunch on the Run. h on the Run As at the balance sheet date £nll12a23.. £nill was due to Lunch on the Run. 19. ULTIMATE CONTROLLING PARTY The charlty Is controlled by the trustees as Ilsted in the Report of the Trustees. 20. COMPANY LIMITED BY GUARANTEE The Society Is a charltable company Ilmited by guarantee and does not have any share capltal. The members of the charitsble company are the trustees named in the trustees report of the flnanclal statements. The liability of members Is limited and shall not exceed £1. Any surplus on windlng up Is to be donated to a charity whose oblects are of simllar nature. The charitsble company has taken advantage of sectlon 6011) of the Companles Act 2006 and deleted the word "Limlted" from It5 name. Page 29