DocusigniEn¥elope ID.. 7128F85E-3427487B-956E-5DA50E822E42 Charliy Re8islratlon No. 1011337 Cornpany Regislration No. 02634724 (England and Walesl HARROGATE HOMELESS PROJECT LIMITED DIREcfoRS' REPORT AND AUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 •AOUJ7229• 1810112025 COMPANIES HOUSE A15
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Oocustgn Envelope10." 7128F85E-3427487&956E-SDA50E822E42 HARROGATE HOMELESS PROJECT LIMITED CONTENTS FOR THE YEAR ENDED 31 AUGUST 2024 Pages Le8al and administrative information Directors, report Independent auditorfs report Statement of financial activities io Balance sheet li Statement of cashflows 12 Notes to the accounts 13-20
Docuslgn Envelope ID.. 7128FBSE.3427-487&956E.5DA50E822E42 HARROGATE HOMELESS PROJECT LIMITED LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 AUGUST 2024 Directors J.D. Thomas N. Atkinson-maury N. Cull C. Challenor-chadwick S.G. Oay J.R. Dening L. Evans G. Heseltine D.L. Stott IAppointed 27 September 20241 K. Tyrell (Appointed 16 September 20241 (Chairl (Deputy Chairl {Treasurerl Charity number 1011337 Company number 02634724 Registered office Wesley House Oxford Street Harrogate England HGI IPP Auditors TC Group 6 Queen Street Leeds LSI 2rw 8ankers Virgin Money Ltd James Street Harro8ate HGI IQU Haffo8aie Hom*lt$5 Projerl Limited Year ended 31 Augurt 2024 Page.l-
Docusign Envetr)pe 10.. 7128FB5E-3427487&956E-SDASOE822E42 HARROGATE HOMELESS PROJECT LIMITED DIRECTORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Inlrodurtlon Harrogate Homeless Project Limited I'HHP" or the "Project.) is a registered charity No. 1011337 and is a re8lStered company No. 02634724 limited by guarantee and not having share capital. The objectives of the company are set out in the Memorandum and Articles of Association as follows:. to relieve the need of homeless persons and those at risk of homelessness wlthin the administrative area known as York and North Yorkshire by provision of temporary accommodation, advice, and counselling. The directors present their report and accounts for the year ended 31 August 2024. The accounts have been prepared in accordance with the accountin8 policies set out in note I to the accounts and comply with the companls Memorandum and Articles of Association. the Companies Act 2006 and Statement of Recommended Practice. "Accounting and Reportin8 by Charities" in accordance with the Financial Reporting Standard FRS 102 leffective January 20191. Constitutional matters are detailed in its Memorandum and Articles of Association and HHP is rnanaged by the Council of Mana8ement Ithe "trustees"). Those who served as directors in the period up to the date of signlng these accounts; J.D. Thoma5 (Chairl N. Atkinson-maury (Deputy Chalrl N. Cull (Treasurer) C. Challenor-chadwick S.G. Oay J.R. Oenin8 L. Evans G. Heseltine D.L. Stott (Appointed 27 September 20241 K. Tyrell IAppointed 16 September 2024 M.J. Farrar (Resigned 2 May 20241 R. Cooper (Resigned 2 May 20241 The Trustees confirm that they have complied with the Charity Commission's Beneral 8uidance on public benefit when reviewing the charity's aim and objectives and in planning future activities. We have considered how planned activities will contribute to the aims and objectives that have been set. The Chief Executive 01¢er is responsible for the management of HHP. The staff work to develop and improve working relationships with other agencles and relevant organisations in the Harrogate Distrlct. We work closely with Harrogate 8orough Council and other or8anisations to achieve solutions for individual clients to maximlse their chances of moving permanently away from homelessness. HHP employed 215taff (part tirne and full timel as at 31st August 2024. They are supported by dedicated and trained volunteers. Haffogate Homeless Pfojert Limlted Year ended 31 August 2024 Page-2-
Docusign Envelope ID., 7128F85E-34274876-956E-SDA50E822E42 HARROGATE HOMELESS PROJECT LIMITED DIRECTORS, REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2024 Objectives HHP'S mission is to relieve the need of homeless persons and those at risk of homelessness within the administrative area known as York and North Yorkshire by provision of temporary accommodation, advice, and counselling. Our vision is that nobody in our area must sleep rough, and people experiencing homelessness will have all the necessary support they need to build confidence and move towards independent livin8. HHP was established in 1991 to help individuals who are vulnerably housed, or sleeping rough, recognising that rough sleeping is damaging to individuals and to society. The longer someone remains on the streets the greater the risk of being vulnerable to crime. substance misuse, physical and mental illness and of dying prematurely. The Charity works with those experiencing homelessness to offer emergency accommodation, find longer term sustainable accommodation and work towards establishing everyday living and employment. We work with those at risk of homelessness to enable people to keep a tenancy, manage their health and maintain relationships with family and friends. HHP is committed to providing a multi-agency response to help our clients to receive the support they need, so that there is a clear pathway to employment and sustsinable livin8. Artlvltles The activities of the charity are the provision of accommodation to relieve homelessness, and access to support and services to help our clients bLtild more sustainable lives. Our accommodation is varied from short term emergency accommodation to properties that help prepare clients for independent living. The accommodation provided is listed below '. HHP operates a sixteen bed hostel in Bower Street, rented from North Yorkshire Council {"NYC"I for a peppercorn rent. 8 beds are fully dedicated to emergency accommodation. In Bower Street, Harrogate, HHP leases and operates eight follow-on flats in a property owned by NYC. In Sykes Grove, Harrogate, HHP owns and operates a four bedroomed move-on house. In Strawberry Dale, Harrogate HHP owns and operates a five bedroomed move-on house. Since 2012 HHP has operated the area's emergency accommodation for up to five people, under the No Second Night Out INSNOI initiative partnering Wlth North Yorkshire council I"NYC"I. Demand for accommodation has continued from the spike wesaw post-pandemic with our properties bein8 nearly lOO% octupled most of the time. We do not see any reason why demand will f311 in the short to medium term. Access to support and seNices is centred around our Springboard Day Centre. Springboard is a critical part of HHP'S operations, providing amongst other things, medical attention including a GP service. counsellin& laundry facilities, showers, food and access to other agencies. The centre and our own support staff provide a conduit to many other public and third sector organisations to ensure that we give our clients a bespoke pathway to Sustainable living. Harrogate Horneless Project Limited Year ended 31 August 2024 Page-3-
l)ocusign Envelope ID.. 7128F85É-34274878-956E-50A50E822E42 HARROGATE HOMELESS PROJECT LIMITED DIRECTORS, REPORT Icontinued) FOR THE YEAR ENDED 31 AUGUST 2024 Achlevements and performance The year to 31 August 2024 has been both a transitional year and a year of hi8h impact. We welcomed a new Chlef Executive in Richard Cooper. taking over from Francis McAllister on his retirement. Over the last few years, we have seen demand for our services increase significantly. Francis and his team delivered nearly a doubling in accommodation provision, and a significant increase in the depth and breadth of the service5 provided through Springboard. We wish him well in his retirement and I would take the opportunlty to put on record our thanks and appreciation for all his efforts. HHP will shortly produce tts annual impact report showlng the difference it makes to clients through storles and data. For the financial year to 31 August 2024, we provided twelve thousand two hundred sixty-four nights of accommodation up from nearly ten thousand seven hundred fifty in the previou5 financial year, bein8 an increase of over 14%. We are currently providing over 450 meals per month in our Springboard food service and are averaging over seven client5 per month movlng into their own independent accommodation. HHP is extremely grateful to all those individuals, companies and grant giving trusts without whom we would have been unable to function effectively. Financial support and practical support have been generou5 and heart-warming. The support from Liz and Terry Bramall foundation and the Lloyds Bank Foundation amongst many others has been both 8enerous and pragmatic. We cannot thank them enough. We would also like to thank North Yorkshire County Council for their practical and operational partnership, and their financial 5UPPOrt. This partnership, with its shared objectives and value5, is helping to secure much enhanced Client outcomes. We recognlse that local authorities are having to make difflcult spending choices, and we are therefore especially grateful for the support being provided. This year we continued to receive funding in support of our accommodation from the Department for Housing, Levellin8 Up and Communities Inow the Ministry of Housin Communities and Local Government) for which we are also extremely grateful. The people of Harrogate, Knaresborough and Rlpon have continued to be generous wlth both their time and their donations. It is heart-warming in the current economic conditions, that many private individuals go that extra mile in support of others. We are especially grateful to our band of volunteers who give their rime and compassion 8enerouslv. We would also like to put on record our thanks for everything that our staff have contributed. Their skills and dedication make a meanin8lul difference to people's lives, and they should be very proud of their achievements. Flnanclal Revlew At the 31st August 2024 there was an operating surplus of £190, 250. The main items making vp the 5urplu5 are grants SUPPOrting the purchase of the Strawberry Dale property and sUPPOrting certain items of expenditure. There was also c£SOK Increase in Houslng Benefit being both higher occupancy, and higher rates reflecting the increasing Costs. As we Indicated in last yearfs annual report and accounts the cost base would see a large increase as we recruited to fill vacancies, and the impact of a more inflationary environment. The cost base was artificially lower than the norm in 22123, and in 2314 the run rate is back to where we had expected. Most of the charity's costs relate to staffing, and as responsible ernployer we wish to provide 5U5tainable jobs for our employees. In practice this means that, except in rare circumstances, our employees are permanent rather than on fixed term contracts. We believe this to be important for staff engagement and teèm stability. We also recognise that this approach gives us a less flexible cost base. Harrogate Homeless Pfoject Limited Year ended 31 August 2024 Pa8e-4-
Oocuslgn Envelope ID.. 7128F8SE-34274878-9S6E-SDASOE822E42 HARROGATE HOMELESS PROJECT LIMITED DIRECTORS. REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2024 As at 31st August 2024, cash and bank balances totalled £561,981. These balances are likely to reduce through the year as we consider further accommodation and service enhancements. HHP also owns two unencumbered properties with a net book value of £546,712. The total charity funds were £992,318. The directors confirm that in their view, the assets of the company are adequate to fulfil its current obligations. The Future The efforts that have been made to ensure that the charity is robust and sustainable have meant that HHP has been able to respond p051tively and quickly to the economic environment, and its impact on the most vulnerable in our society. For the next year, key areas to improve impact are to add a move-on property to increase the accommodation capacity, and to widen our service offerin8 in support of the positive pathways taken by our clients. As we welcome Richard Cooper as our new Chief Executive, and we come to the final year of our three-year strategy. It is also a time to assess what we have achieved and the many challenges that remain. Staff, Clients and trustees are all inputtin8 into the next strategic phase of the or8anisation, as we look to meet the ch311enBe of eradicating homelessness. Reserves PolScy The reserves policy is based on two months. expected expenditure, which is considered appropriate because of the predictability of a significant portion of our income. The policy in place for the year 23/24 was a minimum reserve of £141,000. On behalf of the board of directors Oo¢ug1on•dby'. F22•B5•AMED4A4,,, J D Thomas Chalr and Oirector Date: 09 January 2025 Harrogaie Homeless ProSert LSmited Year ended 31 August 2024 Page-5-
Docusign Envelope ID.. 7128FB5E-34274878-956E-SDA50E822E42 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HARROGATE HOMELESS PROJECT LIMITED Oplnlon We have audited the financial statements of Harro8ate Homeless Project Limited Ithe 'company'l for the year ended 31 August 2024 which comprise the statement of financial activities, the balance sheet and notes to the financial statements. including significant accounting policies. The financial reporting framework that has been applied in their preparation is applic3ble law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practicel. In our opinion the financial statements.. give a true and fair view of the state of the company's affairs as at 31 August 2024 and of its profit for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Art 2006 and the Charities Act 2011. Basis lor oplnlon We conducted our audit in accordance with International Standard5 on Auditin8 IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilitiesfor the oudit of thefinancial Stotements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethic31 Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concewn In auditing the financial statements, we have concluded that the dlrector's use of the going concern basis of accountin8 in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertaSnties relating to events or conditlons that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are descrlbed in the relevant sectlons of this report. Other Information The other information comprises the information included irb the annual report other than the financial statements and our audltor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statement5 does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not expre55 any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing 50, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit. or otherwise appears to be materially mi55tated. If we identify such material inconsistencies or apparent material mi55tatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Harrogate Homeless Projert Limited Year ended 31 Au8llSt 2024 Page-6-
Docusign Envebpe ID.. 7128F85E-3427487&956E.SDA50E822E42 INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF HARROGATE HOMELESS PROJECT LIMITED (Continued) Oplnlon on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit- the information given in the Directors, Report for the financial year for which the financial statement5 are prepared is consistent with the financial statements,. and the Directors, Report has been prepared in accordance with applicable legal requirements. Matters on whl¢h we ar¢ fequlred to report by exceptlon In the light of our knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified materlal misstatements in the Directors, Report. We have nothin8 to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of directors, remuneration specified by law are not made.. or we have not received all the information and explanations we require for our audit,. or the directors were not entitled to prepare the financial statements in accordance with the small companies, regime and take advantage of the small companies, exemptions in preparing the Directors, Report and from the requirement to prepare a Strategic Report. Responslbllltles of dlrectofs As explained more fully in the Statement of Directors, Responsibilities set out on page 11, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparatlon of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matter5 related to going concern and usin8 the going concern basi5 of accountlng unless the directors either intend to liquidate the Company or to cease operations, or have no reallstic alternative but to do so. Auditorfs responsibilities for the audit of the financlal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISA5 IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basi5 of these financial statements. We design procedures in line with our responsibilities, outlined above, to detect material misstatement5 in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Harrogate Homeless Projert Limlted Year ended 31 Au8USt 20Z4 Page-7-
Dotusign Envelope10.' 7128FB5E-3427487&956E-5DA50E822E42 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HARROGATE HOMELESS PROJECT LIMITED (Continued) Extent to which the audit was capable of detecting Irregularities, including fraud The objectives of our audit. in respect of fraud, are.. to identify and assess the risks of material misstatement of the rinancial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses,. and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with govemance of the entity and its management. Our approach was as follows- We identified areas of laws and regulation5 that could reasonably be expected to have a material effect on the financial ststements from our general commercial and sector experience, and through discussion with the directors and other managernent {a5 requlred by auditing standards), and discussed with the directors and other management the policies and procedures regardin8 compliance with laws and regulations,. We considered the legal and re8ulatory frameworks dir,ectly applicable to the financial statements reporting framework IFRS 102 and the Companies Act 2CQ61, and relevant tax compliance regulations'in the UK,. We considered the nature of the industry, the control environment and busines5 performance, includin8 kev drivers for management's remuneration,. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit,. We considered the procedures and controls that the company has established to address risks Identified, or that otherwise prevent, deter and detect fraud,. and how senior management monitors those programmes. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher. we performed audit procedures to address each identified risk. These procedures Included.. testing manual journals: reviewlng the financial statement disclosures and testing to supportin8 documentation,. performing analytical procedures,. and enquirin8 of management, and were designed to provlde reasonable 355urance that the financial statements were free from material fraud or error. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have deterted some material mi55tatements In the financial statements, even though we have properly planned and performed our audlt in accordance with auditing standards. For example. the further removed non-compliance with laws and regulations lirregularitiesl is from the events and transactions reflected In the flnancial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentatlon. We are not responsible for preventing non-compliance and cannot be expetted to detect 311 non- compliance with laws and regulations. A further description of our responsibilities is available on the Financial Reporting Council's webslte at.. https'./IwvdW.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor'5 report. Harrogate Homeless Project Limited Year ended 31 Au8USt 2024 Page-8-
Docusign Envelope10.' 7128F85E-3427487&956E-SDA50E822E42 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HARROGATE HOMELESS PROJECT LIMITED (Continuedl Our report This report is made solely to the Company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the Company and the Company's members as a body, for our audit work, for this report, or for the opinions we have formed. 7BEQ71DCI58B48I:" Mark Hunter FCA Isenlor Statutory Auditor) For and on behalf of TC Group Statutory Auditor 6 Queen Street Leeds West Yorkshire LSI 2TW Date.. 15/1/2025 Harrogate Homeless Project Limited Year eftded 31 August 2024 Page-9-
Docusign Envelope ID.. 7128FB5E-3427487B-956E-5DASOE822E42 HARROGATE HOMELESS PROJECT LIMITED STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 General Des18nated funds Unrestrirted Restrirt¢d fvnds Total 2024 Total 2023 funds lunds Notes Income Donations and legacies 133,477 10,000 143.477 143,477 222,888 Other trading activities Income from investments 6,441 6,441 6,441 2,479 139,918 10,000 149,918 149,918 225.367 Income from Charitable activities 544,513 544,513 358,323 902,836 800.037 Other income 1,391 Total Income 684,431 10,000 694,431 358.323 1,052,724 1,026.795 endlture Expenditure on Raising funds 5,721 5,721 28 5,749 11,980 Expenditure on Charitable activitles 597,636 597,636 259.121 856,757 715.624 Other expenditure Total expendlture 603,357 603.357 159,149 862,505 727,604 Net income/lexpenditurel before transfers 81,074 10,000 91,074 99,175 190,249 299,191 Transfer between funds 122,145 1122,145 122,145 Net Incomellexpendlture) for the year l Net movement in funds 141,071} 10.000 (31,071} 221,320 190,249 299,191 Fund balances at I September 2023 Fund balances at 31 AuEUSt 2024 419,832 242,327 662,159 139,910 802,069 502.878 378,761 252,327 631,088 361,230 992,318 802,069 Represented bv: Tangible fixed assets Other funds 180,801 180,801 36S,911 546,712 524,810 197,904 252,327 450,329 14,6821 445,606 277.259 378.705 252,327 631,088 361,130 992,318 802,069 The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. Harrogate Homeless Prolert Limited Year ended 31 August 2024 Page-10-
Docusign Envelope10.' 7128F85E-3427487&956E-5DA50E822E42 HARROGATE HOMELESS PROJECT LIMITED BALANCE SHEET AS AT 31 AUGUST 2024 Notes 2024 2023 Flxed assets Tangible assets Investments io 546,712 524,810 Total fixed asset5 546,712 524,810 Current assets Debtors li 64,936 115,316 268,384 Cash at bank and In hand 561,981 Total current assets 626,917 383. 700 Llabllltles Creditors.. amounts fallin8 due within one year 12 181,3121 1106,441 Net current assets 445,606 277,259 14et assets 992,318 802,069 The funds of the charity.. Unrestricted income funds 627,690 364,628 662,159 139,91Q Restricted income fund5 14 Total charlty funds 992,318 802,069 The Dlrectors acknowledge their responsibilities for ensurlng that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditvre. for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companie5 Act 2006 relating to accounts, so far as applicable to the companv. 15/1/2025 The accounts were approved by the Board on DWY8nI¢ tyy. J D Thomas Dirertor Company Registration No. 02634724 Harrogate Hornele55 Projert Limited Year ended 31 August 2024 Page-11-
Docusign Envelope ID.. 7128F85E-34274878-956E-5DA50E822E42 HARROGATE HOMELESS PROJECT LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 Note 2024 2023 Cash used In operatln8 artlvltles 18 323,406 345.857 Cash flow5 from Inve5tlni actlvhles Interest income 6,441 2,479 Purchase of tangible fixed assets (36,2511 (324.918) Cash provlded by (used In) investln8 actlvltles 29,810 322,439) Increase Idecreasel in cash and cash equivalents in the year 293,597 23,418 Cash and cash equivalents at the beginning of the Veèr 268,384 244,966 Total cash and cash equlvalents at the end ol the year S61,981 268,384 Harrogate Homeless Prolert Llmited Year ended 31 August 2024 Page-12-
Oocusign Érwelope ID.. 7128FB5E-3427487&956E-5DA50E822E42 HARROGATE HOMELESS PROJECT LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies Basls of preparation The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with applicable accounting standard5, the Statement of Recommended Practice, "Accounting and Reporting by Charities" in accordance with the Financial Reporting Standard FRS 102 (effective l January 20191 and the Companies Act 2006. Golng concern The Directors have prepared a cash flow forecast coverinE a period of at least 12 Months from the date of approval of these f inancial statements. The cash flow forecast shows that the company should be able to pay its debts a5 they fall due and accordingly the Directors have prepared the financial statements on a going concern basis. Income All incomlng resources are included in the Statement of Flnancial Activities when the charity is legally entitled to the income after any performance conditlons have been met, the amount can be measured reliably, and it is probable that the income will be received. For donations to be recognlsed the charity will have been notified of the amounts and the settlement date in writin8. If there are conditions attached to the donation and this requlres a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. For legacies, entitlement is the earlier of the charity bein8 notified of an impendin8 distrlbution or the le8acy being received. At this point income is recogni5ed. On occasion legacies will be notified to the charity, however it is not possible to measufe the amount expected to be distributed. On these occasions, the legary 15 treated as a contingent asser and disclosed. 1.4 Expenditure All expenditu is accounted for on the accruals basi5. Costs relating directly to the objective5 of the company and governance costs incurred in connectlon with the administration of the charity and compliance with constitutional and statutory requirements are treated 35 direct charitable expenditure. Tangible fixed assets and depreciation Tangible fixed assets are stated at C05t le55 depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asspt over lis expected useful lifc, a• follows:. Freehold land Freehold property Fixtures, fittings & equipment 2% Straight-line 25% Reducin8 balance Any fixed asset purchased with the help of a grant is depreciated on the gross value of the asset. Depreciation is then charged to the appropriate fund. Asset5 C05ting under £100 are not capitalised. Harrogate Homele55 Projert Limlted Year ended 31 August 2024 Page-13-
Docusign Envelope10'. 7128FBSE-34274878-956E-5DA50E822E42 HARROGATE HOMELESS PROJECT LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Property repairs Repairs and improvements to the short-term leasehold property are written off to the statement of financial activities when incurred. 1.7 Taxation Due to the charitable status of the company no tax Is payable on the charity's income for the year. It is also exempt from the requirement to pay Capital Gain5 Tax. Value Added Tax is not recoverable by the company, consequently all expenditure in these financial statements is stated inclusive of Value Added Tax where applicable. 1.8 Accumulated fund5 Restricted funds are only to be used in accordance with specific restrictions imposed by the donor. The purposes and uses of the funds are set out in the notes to the account5. Unrestricted fund5 are general funds whlch are available at the discretion of the Directors in furtherance of the 8eneral objectives of the charitv. Harrogate Homeless Projert Limlted Year ended 31 August 2024 Page-14-
Docusign Envelope 10". 7128F85E-34274878-956E-SDA50E822E42 HARROGATE HOMELESS PROJECT LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Donatlons and le8acie5 General Deslgnated Unrestricted funds funds funds Restricted funds Total 2024 Total 2023 Donations and legacies 133,477 10,000 143.477 222.888 Of donations and legacies of £222,888 in the prior year, £170,388 related to general funds, £52,000 to designated funds and £0 related to restricted funds. Income from Investments 2024 2023 Interest receivable 6,441 2,479 Income Irom charltable a¢tlvltles Unrestricted funds Restricted funds Total 2024 Total 2023 Housing benefit Service charge Grants 513,228 27,085 4,200 513,278 27.085 362,523 428,395 19.509 352, 133 358,323 544,513 358,323 902,836 800.037 Included within grants is an amount for Supportlng People of £Nil12023 £Nill. Of income from charitable activities of £800,037 in the prior year, £521,263 related to unrestricted funds and £278,774 related to restricted funds. Harrogate Homeless Projert Limited Year ended 31 August 2024 Page-15-
Docusign Envek¢pe10: 7128F85E-3427-487&956E-50A50E822E42 HARROGATE HOMELESS PROJECT LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Empenditure Expenditure on charitable artivities General Designated Unr¢strirted funds funds funds Restrlcted funds Total 2024 Totol 2023 Staff costs Property and occupancy costs Household and support costs Le8al and professional costs Depreciation Governance cost Audit Fee 374,447 127,775 72,668 15,497 9,921 7,997 7,500 374,447 127,775 72,668 15,497 9.921 7,997 7,SOO 216.625 . 591,072 31,130 158.905 6,938 79.606 3.049 14.349 7,997 7,500 521.348 122,920 43,826 10,243 11,437 2,340 4,500 603,357 603,357 259,206 862,477 715,624 Staff costs include all employment related expenditure including trainin8. Property and occupancy costs include rent of all premises, including Move On houses operated under the NSNO scheme, lighting and heating, council tax and other property related expenditure. Household and support costs include expenditure on telephones, operating costs of office equipment, disposal of refuse and contaminated waste, office supplies and health and safety costs. Legal and professional charges include consultants, fees and outsourcin8 charges, tO8ether with governance costs comprising the independent review of these accounts. Of expenditure on ch3rltable activities of £715,624 In the prlor year, £409.202 related to unrestricted funds and £306,422 related to restricted funds. Empendlture on ralslng funds Expenditure on raising funds in the period was £5,72112023 - £11,979). Dlyectors and key management personnel None of the Directors lor any persons connected with them) received any remuneration during the year, and none of them were reimbursed any travelling expenses12023 . £nill. The key managernent personnel comprise the Trustees, the Chief Executive and four Service Managers. The total employee benefits of the key management personnel of the Company were £176,09012023- £176,090). Pensions The company'5 workplace pension scheme 15 operated by The People's Pension ladmiDlStrated by B&CE Financial Services Limited). Employee5 and the company make contributions into the Scheme which is a money purchase auto-enrolment scheme. New employees are automatically enrolled into the scheme and may exercise their right to opt out of the scheme at their discretion. Minimum contributions made by employees and employers are defined by government in the Pension5 Act 2008 and associated Regulatlons and the Company complies with those requirements. The total contr.ibuted by the company in the year was £9,62212023 - £7,839). Haffogate Homeless Project Limited Year ended 31 August 2024 Page-16-
Docuslgn Envelope 10: 7128FB5E-34274878-956E-SOASOE822E42 HARROGATE HOMELESS PROJECT LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Employees Number of employees The average number ofemployees during the year was.. 2024 Number 2023 Number Management Support and project workers Housekeeper 13 17 18 21 Employment costs 2024 2023 Wages and salaries Social security costs Pension contributions 425,874 31,142 9,622 382,523 28.379 7,839 466,638 418,741 The average number of employees as shown above is calculated on a full-time equivalent basis. The actual total average number of staff is 1812023 - 211. The nvmber of employees whose employee benefits (excluding employer penslon costs and pmplnyp,r national insurance contributionsl exceeded £0,000 Band 2024 No. 2023 No. £60,000 - £70,000 £70,000 - £80,000 Transfers Transfers of £122,145 from unrestricted to restricted were to extin8Ulsh fund deficits on the Springboard fund 1£21,6061, Bramall NSNO1£21,1921 and flats 516 fund1£78,0131. Harrogate Homele$5 Projert Limited Year ended 31 August 2024 Page-17-
DO$19ft Envelope10'. 7128FB5E-34274878-956E-5DA50E822E42 HARROGATE HOMELESS PROJECT LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 io Tangible fixed assets Freehold land buildings Flxtures, fittings and equipment Total Cost At I September 2023 Additions Disposals 517.813 32.439 47,615 3,811 565,428 36,251 At 31 August 2024 550,252 51,426 601,680 Depreclation At I September 2023 On disposals Charge for the year 17.893 22,725 40,618 6,515 7,833 14,349 At 31 August 2024 24,408 30,558 54,968 Net book value At 31 August 2024 524,654 26,818 546,712 At 31 August2023 499.920 24.890 524,810 All fixed assets are used In direct furtherance of the charity's objectives. li Debtors 2024 2023 Trade debtors Other debtors and accrued Income 32,505 34,612 Ic 115,216 67,117 115,316 12 Creditors: amounts falllng due wlthln one year 2024 2023 Trade creditors Other Creditors Taxes and social security Deferred income Accruals 7,330 2,780 9,961 148,275 12,966 10.264 4,322 9,388 77,375 5,092 181.312 106,441 Deferred income include5 the portion of a grant from the Lloyds Bank Foundation for England and Wales applicable to the year beginning I September 2024 of £8,33312023 £8,333),. the portion of a Erant from the Bramall Foundation applicable to the year beginning I September 2024 of £54,69812023 £30,000), Supporting People grant of £20,41712023 £20,417). various Harrogate Borough Council grants of £13,37512023 - £18,625) and a Screwfix grant of £3,99312023 - £0) also applicable to the year beginning I September 2024. There has also been a DLUHC 8rant of which £47,46012023 £01 is applicable to the year be8innin8 I September 2024. Harrogate Homeless Project Llmited Year ended 31 August 2024 Page-18-
Oocusign Envelope ID.. 7128F8SE-3427487B-956E-5DASOE822E42 HARROGATE HOMELESS PROJECT LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 13 Share capital The company is registered as a company Limited by Guarantee and has no share capital. Every member of the company is a guarantor for a maximum of£l. 14 Funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and 8rants held on trust for specific Puf poses. Restrlcted funds Balance at I September 2023 Movement In funds Expendlture 8alance at 31 Au8USt 2024 Income Tiansfers Flats 5/6 Street light Bramall NSNO HBC NSNO Sprin8board Strawberry Dale SB restricted HBC Hostel DLUHC -Levellin8 UP Other (below 5kl 30,IXIO 1108,0131 78.013 11,354 10,285 18,271 11,354 10.28S 22,5iJO 36,250 33,100 29,200 35,000 167,801 7,673 161,9631 157,8561 19,3771 12,7471 13,2741 17,1141 11,7881 21,192 21,606 loo,000 123,723 26,453 31,726 160,687 219 1,344 140,090 361,523 {259,131} 122,145 364,628 The Springboard fund is for running costs of the Day Centre, and the shortfall in expenditure of £21,606 was met by a transfer from unrestricted funds and shortfall for Bramall NSNO £21,192. The Flats 516 fund incurred a shortfall in expenditure of £78.013 which was met by a transfer from unrestricted funds. Unrestricted funds Balance at I September 2023 Movement In funds Empendlture Balance at 31 August 2024 Income Tran5fer5 General Desi8nated 419,832 242,327 681,359 10,000 1603,2721 1122.1451 375,775 252,327 662,159 691,359 {603,2721 {122,1451 628.102 Harrogate Ilomeless Project Limited Year ended 31 August 2024 Page-19-
Ooeusign Envelope ID.. 7128FB5E-34274878-956E-SDA50É822E42 HARROGATE HOMELESS PROJECT LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 15 Analysls of net assets between funds Unrestrlcted funds Restricted funds Total 2024 Fund balances at 31 August 2024 are represented by.. Tangible fixed assets Current assets Current liabilities 180.801 479,093 131,7921 365,911 181,906 1183,1901 546,712 660,999 {214,98Z) 628,102 364,628 992,730 Tangible fixed assets include freehold land and buildings with a net book value of £546,71212023 . £499.9201 representing a Move-on property in the No second Night Out scheme. The property was purchased In 2017 due to difficulties in sourcin8 Sultable properties for lease when occupants are receiving benefits. The balance of unrestricted funds remaining after accountin8 for tangible fixed assets is £81,390 and this represents the free funds available for continuing the charity's daily activitie5. 16 Commltments under operatln8 leases As at the year end and the prior year end there were no commltments under operating le3ses. 17 Commltment The properties used for temporary accommodation were leased, rent free, from Harrogate Borough Council until 20 March 2025. The annual rental value of the properties is estlmated to be £12,000. 18 Re¢on¢lllation of net Movement In funds to net cash flow from operatlon artivltles 2024 2023 Net movement in funds Add back depreciation Deduct interest income shown in investing activities Add back loss on disposal of fixed a55ets Decrease (increase) in debtors Increase Idecreasel in creditors 190,249 14.349 (6,441) 299,192 11,437 12,4791 5,092 60,762 128,1471 49,379 75,871 Net cash used in operating activities 323.406 345,857 Hatro8ate Homeless Proje¢1 timiied Year ended 31 August 2024 Page-20.