Company Number: 2707595 Charity Number: 1016170 HINCKLEY HOMELESS GROUP DIREcfoRS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" MARCH 2024
HINCKLEY HOMELESS GROUP INDEX PAGES CHARITY REFERENCE AND ADMINISTRATIVE DETAILS TRUSTEES, ANNUAL REPORT INDEPENDENT EXAMINERS, REPORT STATEMENT OF FINANCIAL AcfiviTIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS 10-17
Page I HINCKLEY HOMELESS GROUP CHARITY REFERENCE AND ADMINISTRATIVE DEfAILS CHARITY NUMBER: 1016170 COMPANY NUMBER.. 2707595 DIRECTORS/TRUSTEES: Mrs D Morgan (Chairl Mr P Trickett Ivice Chairl Mr T E Render ITreasurerl Mr5 S Hines {resigned I" December 20231 Mr S Morgan Mr D N Steer Mrs A Young Ms M-A Pendlebury Mr S Wightman COMPANY SECRETARY.. Mr D N Steer REGISTERED OFFICE: Lawrence House Wood Street Hinckley Leicestershire LEIO IJQ INDEPENDENT EXAMINER: Mark Harwood FCA BFP FMAAT Michael Harwood & Co Greville House 10 Jury Street Warwick Warwickshire CV34 4EW BANKERS: National Westminster Bank plc 13 The Borough Hinckley Leicestershire LEIO INW Hinckley & Rugby Building society Upper Bond Street Hinckley Leicestershire LEIO INZ
Page 2 HINCKLEY HOMELESS GROUP TRUSTEES ANNUAL REPORT (including Directors, Report) The Trustees (who are also directors of Hinckley Homeless Group for the purposes of company lawl p resent their report and the financial statements of the charity for the year ended 31, March 2024. The Trustees have adopted the provision5 of the Statement of Recommended Practice ISORPI "Accountin8 and Reporting by Charities" {FRS 1021 in preparing the annual report and financial statements of the charity. ORGANISATION Hinckley Homeless Group is a charitable company limited by guarantee (Company no. 2707595 & Charity no. 10161701. The Trustees have no interest in the company's asset5 or surplus and receive no remuneration. The company is governed by its Memorandum and Articles of Association incorporated 15 April 1992 as amended th by special resolutions on 28 October 1992 and 22. July 2019. The Board of Trustees currently consists of 8 volunteers with employment experience within a diverse range of companies in industry, commerce and the public sector. The Board of Trustees appoint the employees who run the hostel and the move-on house on a day-to-day basis. Currently there is one part-time Project Manager, one part-time Administrator, one full-time Project Worker, two part-time Project Workers and two Relief Workers. The Board ofTrustees met 12 times during the 12-month period. TRUSTEE INDucfioN AND TRAINING Hinckley Homeless Group recruits Board of Trustees members from local interested members of the communitv and professionals. Prospective trustees are invited to view Lawrence House with the Project Manager, are interviewed by a Board Member, usually the Chair. A DBS check is carried-out and references taken up. then the prospective trustee is invited to attend three Management Committee meetings as a guest. Induction to Hinckley Homeless Group is carried out by the Chair. All Trustees receive an induction package which includes information on the work of the charity, the duties and responsibilities of our trustees/directors, and guidance on what is expected from trustees by the Charity Commission. All Trustees have access to all our policies and procedures. OBJECTIVES AND AcfiviTIES The Trustees have had due regard to the guidance published by The Charity Commissioners on public benefit. and consider that the objertives and activities of the charity fulfil this requirement. The object5 of Hinckley Homeless Group are the relief of those in need by reason of youth. age, ill-health, disability, financial hardship or other disadvantage. in particular but not exclusively. by providing accommodation and support for homeless young people with a view to helping them resettle in independent accommodation and fulfil their potential. Lawrence House is the charity's main project and 15 managed by Hinckley Homeless Group on behalf of the housing association PA Housing. Lawrence House is a hostel containing 12 single bedrooms together with communal areas. It provides friendly, safe, good quality accommodation and support for young, homele55 individuals aged between 17 and 25 years for up to 24 months. In addition, Hinckley Homeless Group own5 and runs a Move-on House for young homeless individuals who have lived at Lawrence House and are ready for some independence but still need ongoing support.
Page 3 HINCKLEY HOMELESS GROUP TRUSTEES ANNUAL REPORT (Continued) The iwove-on House, which is in close proximity to the Lawrence House h05tel, has three single bedrooms plus communal areas. Young people aged 18 26 years can live here for up to a further 24 months whilst benefitting from ongoing supportfrom staff at Lawrence House. The purchase ofthis property injanuary 2020was in response to a lack of 5Ultable move-on accommodation locally and enables the charity to increase its impact on local youth homelessness. The staff based at Lawrence House aim to enable individuals to develop essential life skills, overcome significant challenges in their lives, engage with education, training, and work, and grow in confidence so that they can make a successful transition to independent living. We always aim for a successful outcome, and it 15 thi5 SUPPOrt, given by the staff based at Lawrence House, that helps young people turn their lives around. We also provide counselling sessions from a professional counsellor for those who have mental health issue5. When a young person is ready to move into independent accommodation, they are offered a structured move-on package of support. Lawrence House staff May visit the young person in their new home to give practical support or give advice by phone, the degree of support tapering off over time. REVIEW OF THE YEAR During the year Hinckley Homeless Group accommodated and supported a total of 20 young people at Lawrence House= 14 males and 6 females. A total of six young people lived at the Move-on House during 2023124, three of these moved from Lawrence House into the Move-on House within this year. Our service remains focused on young people who are homeless within the Borough of Hinckley and Bosworth. We received 38 referrals in 2023124, this was a 30% increase in referrals on the previous year. 48% were self- referrals; the main referring agencies were the Local Council18%1 and Social Services120%1. 59% of referrals had been sofa-surfing, 18Yo came from B&Bs, 8% were facing eviction from the family home or were in an intolerable domestic situation, 8Yo came from other hostels, 50h were rough sleeping and 2°A were Leaving Care. We no longer take young people who are Leaving Care unless they are aged 18 or above. 10 of the 38 referrals were accepted and Moved into Lawrence House, 36% of these young people had some form of disability or special need. The average occupancy of Lawrence House was 98%, exceeding the target occupancy of 93%. The average occupancy of the Move-on House wa5 87% exceeding the target occupancy of 75%. Foryoung people moving on within thisyear, the overall average stay was l year5 months, an increase of8 months on 2022123. 5 of the 6 who made a planned move on had stayed more than a year, 3 of these more than 2 years. This reflects a lack of suitable move-on accommodation in the local area. Eight residents moved-on during the year, five from Lawrence House and three from the Move-on House. Six175%1 moved on in a planned way: One had higher needs than we could manage and made a planned move to a more intensively supported hostel. Two moved to private rental. One moved to a local authority flat. They are still receiving some support but the tenancy is successful nine months on. Two moved to housing association flats. One received support initially but now is managing their tenancy of nine months very well. One moved in February and is still needing a lot of 5UPPOrt due to autism and learning dIlcUltIes.
Page 4 HINCKLEY HOMELESS GROUP TRUSTEES ANNUAL REPORT (Continued) 75% of the young people who completed an exit interview felt confident their move-on would be successful, with an average score of 9110. 100% said they felt motivated to maintain a positive way of life, with an average score of 8110. 100% found the Project Workers helpful giving them an average Score of 9110 for both the amount of support and the quality of support. Comments made by residents at exit interviews included: "Incredibly welcoming and helpful" ery lovely place to stay" "Great place to stav" As a Charity, we are very pleased that we continue to make a significant improvement in the lives of young homeles5 people. Demand for places remains high and young people living in our Projects have been enabled to continue their education. as well as being motivated to work and learning to become independent. Staffing levels have been stable this year allowing staff to give young people the attention they need. However there have been significant challenges. The complexity of needs of some of the young people we accommodate and support has become increasingly challenging. The lack of suitable move-on accommodation for single young people means that some young people are staying longer than they necessarily need to and may move to less Sustainable accommodation than we and they were hoping for. Others still struggling with the idea of living by themselves need sheltered accommodation that may not be available. Our Move-on House is proving to be invaluable in both these scenarios but is not sufficient to meet the need. REVIEW OF THE FINANCIAL POSITION Expenditure increased by IO% thi5 year. The main increases in expenditure have been a result of an increase in rent payable to the Housing Association that owns Lawrence House, increased insurance costs and increased cleaning costs. Because of successful recruitment and staff stability during this year, the Charity has not had to resort to using Agency workers and this has helped keep staffing costs from rising even though there were substantial pay rises. Through high occupancy, successful grant applications and generous donations the Charity has been able to cover the increased expenditure without dipping into reserves and with a small surplus. We are exceedingly grateful to The Henry Smith Charity, Hinckley Park Community Fund and Leicester and Rutland Community Foundation, The Access Foundation. The KFC Foundation and Leicestershire County Council Shire Community Grants for their valuable grant funding this year and to Persimmon for their valuable donation. And also, for the generous ongoing support of our local community, the dependable regular giving of our Friends group, the fundraising of local groups and schools and individual donations which enable us to keep supporting young homeless people. Looking ahead, two grants have already been secured for 2024125, however a three-year period of major grant funding ends early in the year so further grant funding will need to be sought. Staffing costs are expected to show an above inflation rise in 2024/25, as are power costs due to the ending of beneficial f ixed contracts. By the purchase of the Move-on-Hou5e in January 2020 the Charity secured a significant tangible fixed asset, and the Trustees intend to spend some funds on renovations. As Unrestricted Reserves currently equate to 11 months expenditure, the Trustees consider these costs can be covered and Hinckley Homeless Group is currently in a strong financial p051tion.
Page 5 HINCKLEY HOMELESS GROUP TRUSTEES ANNUAL REPORT (Continued) RESERVES POLICY The Board of Trustees have reviewed the Charitys need for reserves in line with guidance issued by the Charity Commission. It is the policy of Hinckley Homeless Group to hold sufficient Unrestricted Reserves to.. Ensure continuity in the event of a large variation of income such as a fall in donations or inability to secure sufficient grants; Enable the Charity to meet large or unexpected needs for expenditure; Ensure continuity in the event of loss or significant damage to either property rendering it unusable for period of time,. Allow for re-structuring if operational change 15 needed to continue to fulfil the objerts of the Charity,. and To enable the charity to meet its outstanding commitments and address the risks for beneficiaries should it become insolvent or cease to operate. bl dl The policy is to aim for reserves at a level consistent with nine months of operating expenses and at current levels this is approximately £204k. The Board of Trustees recognise that this may not always be possible. As a minimum, reserves should stand at no lower than four months operating costs, currently approximately £90k. This is to ensure that should the charity become insolvent or cease to operate, it would be able to meet its outstanding commitments. The actual level of unrestricted reserves held as at 31 March 2024 was £262,932. This allows the Trustees to remain confident that the project remains a going concern whilst still continuing to apply for short- and longer- term funding from a variety of sources and to consider how best to develop the service provided by the Charity to maximise impact on youth homelessness. It is the policy of Hinckley Homeless Group to keep additional reserves if a major development of the service is planned, such as the purchase of property to accommodate homeless young people. As there remain5 a need for seNices targeted on young people, uncertainty around new Supported Housing Regulations, an unpredictability around the availability of suitable grant funding at any given time and the expectation that salary costs and power costs will rise the Board of Trustees considers a buoyant level of reserves to be sensible. RISK POLICY The Trustees have considered the risks, both financial and operational, to which the company is exposed. This risk analysis forms part of the Trustees. Strategic Business Plan. This is a live document that is reviewed and updated quarterly. Currently all of the risks identified are at an acceptable level and mitigating actions are detailed as part of the Risk Analysis. In addition, there is a Business Continuity Policy. Risks are mitigated by implementing appropriate procedures including for authori5ing transactions, safeguarding, health and safety, fire protection. confidentiality and data protection, plus procedures that ensure consistent quality of delivery and support for the young people living at the accommodation. The Trustees have a structure for ensuring these procedure5 are reviewed regularly. GOING CONCERN With the current level of unrestricted reserves and success of grant applications and fundraising, the Trustees have reasonable expettation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, the going concern basis has been adopted in preparing these financial statements.
Page 6 HINCKLEY HOMELESS GROUP TRUSTEES ANNUAL REPORT {Continued) STATEMENT OF DIRECTORS, RESPONSIBILITIES The Trustees Iwho are also directors of Hinckley Homeless Group for the purposes of company lawl are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2019 IFRS 1021; make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departure5 disclosed and explained in the financial statements,. prepare the financial statements on the going concern basis unless it Is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared having taken advantage of the small companies, exemption in the Companies Art 2006. On behalf of the board Mr5 D Morgan Chair Date.. IL-oE-ED14
Page 7 HINCKLEY HOMELESS GROUP INDEPENDENT EXAMINERS, REPORT I report to the charity Trustees on my examination of the accounts of the company for the year ended 31" March 2024 which are set out on pages 7 to 16. Responslblllties and basis of report As the charity Trustees of the company land also its directors for the purpose5 of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'}. Having satisfied myself that the account5 of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your companV5 accounts as carried out under section 145 of the Charities Act 20111'the 2011 ACVI. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{51{bl of the 2011 Act. Independent examSner's statement Sincethe company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodie5. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respert of the company as required by section 386 of the 2006 Act,. or the accounts do not accord with those records,. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than anv requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination,. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mark Harwood FCA BFP FMAAT Michael Harwood & Co Chartered Accountants Greville House 10 Jury Street Warwick CV34 4EW Date:
Page 8 HINCKLEY HOMELESS GROUP STATEMENT OF FINANCIAL AcfiviTIES (Incorporating the Income and Expenditure Account) For the year ended 31" March 2024 2024 2024 Note Unrestricted Restricted 2024 Total 2023 2023 Unrestricted Restrlcted 2023 Total INCOME Charitable activities Donations and grants Investment income Other income 216,369 37,505 1,365 195 216.369 85,265 1.365 195 197,286 34,099 322 193 197,286 70,999 322 193 47,760 36.900 TOTAL INCOME 255,434 47,760 303,194 231,900 36,900 268,800 EXPENDITURE Charitable activities 224.962 43.868 268,830 221,695 39,736 261,431 Other cost5 2,852 2,852 3,031 3,031 TOTAL EXPENDITURE 227,814 43,868 271,682 224,726 39,736 264,462 NET INCOME I (EXPENDITURE) for the year before transfers 27,620 3,892 31,512 7,174 {2,8361 4,338 Transfers between fund5 Net movement In funds forthe year 27,620 3,892 31,512 7,174 {2,8361 4,338 Fund balance5 brought forward 235.312 150,951 386,263 228.138 153.787 381,925 FUND BALANCES carried forward li 262,932 154,843 417,775 235,312 150,951 386,263 The notes on pages 9 to 16 form an integral part of the accounts.
Page 9 HINCKLEY HOMELESS GROUP (Company no. 2707595) BALANCE SHEET As at 31" March 2024 2024 2023 Note FIXED ASSFrs Tangible assets 155,126 153.167 CURRENT ASSETS Debtors & Prepayments Cash at bank and in hand 30.954 234.424 265,378 25,856 209.439 235,295 CURRENT LIABILITIES Creditors io 12.7291 12.199) NEf CURRENT ASSETS 262.649 233,096 NEf ASSETS / LIABILITIES 417,775 386,263 INCOME FUNDS: REsfRicfED FUNDS UNRESTRICTED FUNDS li 154.843 262.708 150.951 235.312 li 417.551 386,263 Directors, statements- The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relatingto small companie5; No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006: The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The financial statements were approved by the Trustees on !'LfL ¥* L4- On behalf of the Trustees Mrs D Morgan Chair The notes on pages 9 to 16 form an integral part of the accounts.
Page 10 HINCKLEY HOMELESS GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31" March 2024 ACCOUNTING POLICIES lal Basts of Accounting and Going Conrn Hinckley Homeless Group is a company limited by guarantee in England & Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page l and the nature of the chariws operations and principal activities are given on page 2. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accoidance with Accountingand Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in Ottober 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. With the current level of unrestricted reserves and continued success of fundraising efforts, the Directors have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, the financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial ststements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. {b} Income Rent receivable is accounted for on an accruals basis. General donations and legacies are brought into account when received. Donations, grants and gifts given for specific purposes are treated as income in the year of receipt. Unspent restrirted income is included under restricted funds as it is fully committed. No amounts are included in the financial ststements for services donated byvolunteers. Ic} Government Grants Government grants are recognised at the fair value of the asset received or receivable when there 15 reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recogni5ed iri income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability. Idl Expenditure Expenditure is included on an accruals basis. The resources used are classified under the charity's functional categorie5 of expenditure as well as the type of expense in order to provide more useful information. The functional categories are explained in note Ilel. Resources expended in each functional category comprise direct expenditure including direct staff costs attributable to the activity. Where costs cannot be directly attributed, they have been allocated to activities based on the number of rooms available. In addition to this, salary costs of the Projert Manager and Project Administrator, not grant funded, have been allocated to administrative expenses and support costs accordinglv.
Page 11 HINCKLEY HOMELESS GROUP NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31" March 2024 ACCOUNTING POLICIES (Continued) lel Expenditure categorie5 Expenditure that is not direttly attributable is allocated to one of three functional categories that reflect the charitable activities of the company based on the number and usage of the rooms at Lawrence House. Provision of Accommodation and Support: The direct cost of provision of accommodation and 5UPPOrt to the residents. Support Costs.. These include services in support of the various teams. Management and Administration: Costs of the administrative support function of the charity. In Fixed Assets Items of equipment costing over £200 are capitalised and are stated at cost lor deemed costl or valuation less accumulated depreciation and accumulated impairment losses. Cost includes cost5 directly attributable to making the asset capable of operating as intended. As it is the charity's policy to maintain the property in good condition, no depreciation is provided and the property is valued at its valuation on acquisition which is considered to be a fair value. Depreciation is provided on all other tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: Fixtures, Fittings & Equipment 25% straight line {gl Debtors and creditors receivable / payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. {hl Fund5 General funds comprise the accumulated surplus or deficit on the income and expenditure account. They are available for use at the discretion of the Directors in furtherance of the general objective5 of the company. Designated funds comprise unrestricted funds that have been set aside by the Directors for particular purposes as set out in note 10 to the financial statements. Restricted funds are funds subject to specific restricted conditions imposed by donors. The purposes and use of restricted funds are set out in note 11 to the financial statements. lil Pensions The charity operate5 a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. (J'} Taxation The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
HINCKLEY HOMELESS GROUP Page 12 NOTES TO THE FINANCIAL STATEMENTS {Continued) For the year ended 31" March 2024 DONATIONS & GRANTS 2024 2024 Unrestricted Restricted 2024 2023 2023 Total Unrestricted RestrRcted 2023 Total Donations.. Friends of LH People's Fundraising HMRC Gift Aid Persimmon St Peterfs Catholic Church The New Plough Inn Burbach Lodge St Dominids Community Alternativity Hinckley Ambion Rotary St Thomas Aquinas Academy National Citizen Service Miscellaneous donations Miscellaneous fundraising 9,181 8,279 2,470 5,000 1,500 9,181 8,279 2,470 5,000 1.500 8,480 5,690 1,589 8,480 5,690 1,589 1,000 1,500 1,250 1,245 1,000 2,244 1,132 6,789 2,180 1,000 1,500 1,250 1,245 1,000 2,244 1,132 6,789 2,180 1,607 1.607 2.279 2,279 7,028 161 7,028 4.047 37,505 37,505 34,099 34,099 Grants: Leicestershire County Council The Henry Smith Charity The KFC Foundation Hinckley Park Community Fund The Access Foundation 2,500 27,400 3.000 9,860 5,000 2,500 27,400 3,000 9.860 5,000 8,000 26,900 2.000 8,000 26,900 2,000 47,760 47,760 36.900 36,900 37,505 47,760 85.265 34,099 36,900 70,999
Page 13 HINCKLEY HOMELESS GROUP NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31" March 2024 CHARITABLE AcfiviTIES EXPENDITURE Unrestricted Accornmodation Support Management & Support Costs & Admin Move-on Property Restricted Total Year ended 31" March 2024: Staff costs Isee note 51 Counselling Project costs Miscellaneous client expenses Rent & rates Heat & light Telephone Insurance Repairs & renewa15 Security Depreciation Loss on disposal of as5etS Cleaning Training Print, postage & stationery Computer costs Subscriptions Sundry expenses staff travel Bank charges Legal & professional fees 103,590 1,255 7,038 8,646 42,008 950 660 161,282 2,205 660 1,019 56,942 10,432 1.193 9,029 6,060 525 3,940 89 6,078 599 1,162 1,227 439 2,226 47 559 3,117 906 55,968 6.530 839 5,983 3,598 467 2,646 79 5,403 532 1,033 1,090 390 1,837 42 479 2,771 113 974 3,086 249 2,299 2.012 816 105 747 450 58 331 io 675 67 129 137 49 230 713 250 159 60 346 20 195,438 7,038 12,974 9,512 43,868 268,830 Year ended 31" March 2023: Staff costs {see note 51 Counselling Project Costs Miscellaneous client expenses Rent & rates Heat & light Telephone Insurance Repairs & renewals Depreciation Cleaning Training Print, postage & stationery Computer costs Subscriptions Sundry expenses Staff travel Bank charge5 Legal & professional fees 108,324 8,961 8,455 36,900 1,470 1,116 162,640 1,470 1,116 1,667 50,992 10,069 1,642 7,758 6,115 2,972 3,994 451 843 2,816 783 2.229 191 546 3,137 1.482 50,088 5,944 1,225 5,060 4,535 1.785 3,550 401 750 2,503 696 1,842 170 449 2.788 185 904 3,382 264 2,065 1,013 714 743 153 633 567 223 444 50 93 313 87 230 21 56 349 250 157 41 191,592 8,961 12,602 8,540 39,736 261,431
Page 14 HINCKLEY HOMELESS GROUP NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31" March 2024 OTHER COSTS 2024 2023 Independent Examiner Filing fees Client & staff catering 2,280 48 524 2,220 48 763 2,852 3,031 STAFF COSTS 2024 2023 Gross wages Social security costs Pension costs Recruitment costs Agency costs Other costs 145,212 7,879 6,623 136,442 7.593 3,442 4.626 10,537 1,148 420 161,282 162,640 Average number of employee5 No employee earned £60,000 per annum or more. TRUSTEE REMUNERATION AND EXPENSES No Trustee or connected person received any remuneration or expenses either directly or indirectlv. RELATED PARTY TRANSACTIONS During the year the charity made no material transactions with related parties.
Page 15 HINCKLEY HOMELESS GROUP NOTES TO THE FINANCIAL STATEMENTS (continued) st For the year ended 31 March 2024 TANGIBLE FIXED ASSETS Fixtures, Freehold Fittings Property & Equlpment Total COST At 31" March 2023 Additions Disposals 145.000 17,003 5,988 12.3751 162,003 5,988 12.3751 At 31" March 2024 145,000 20,616 166,616 DEPRECIATION At 31" March 2023 Charge for the year Eliminated on disposal 8,836 3,940 12,2861 8,836 3,940 12,2861 At 31" March 2024 10,490 10,490 NET BOOK VALUE st At 31 March 2024 145,000 10,126 155,126 At 31" March 2023 145,000 8.167 153,167 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Debtors Prepayments Other debtors 21,340 9,602 12 17,670 8,186 30.954 25.856 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accrued expenses 2,729 2,199 2,729 2,199
Page 16 HINCKLEY HOMELÉSS GROUP NOTES TO THE FINANCIAL STATEMENTS (Continued} For the year ended 31" March 2024 11. MOVEMENT ON FUNDS Balance at 31.03.23 Income in year Expendlture In year Balance at 31.03.24 Transfers RESTRicfED FUNDS Move-on Property Resettlement Programme Education & Training Skills for Independent Living project LCC counsellor grant5 Hickinbotham Trust Grant Leicestershire County Council Henry Smith Charity The KFC Foundation The Access Foundation Hinckley Park Community Fund 145,000 1,762 2,621 368 950 250 145,000 1,548 2,175 368 1214) 14461 19501 12501 12,500} 127,4001 13,0001 15,000) 14,108) 2,500 27,400 3,000 5,000 9,860 5,752 150,951 47,760 143,868) 154,843 UNRESTRICTED FUNDS General fund Designated funds: Lawrence House Repairs & Renewals Reserve Move-on Property Fund Staffing Costs Fund Counselling Fund 198,837 255,434 1215,084) 239,187 10,000 10,000 10,000 11,475 5.000 10,000 {11,4751 11.2551 3,745 235,312 255,434 1227.8141 262,932 386,263 303,204 1271.9161 417,775 12. DESIGNATED FUNDS Lawrence House Repairs & Renewals Reserve Created in recognition that Lawrence House is over 20 years old. Move-on Property Fund Funds set aside to cover expected repairs and renewa15 on the move-on property. staIng Costs Fund Funds set aside to cover additional costs including anticipated pay rises. Counselling Fund A donation received from Next Generation set aside to cover professional counselling sessions.
Page 17 HINCKLEY HOMELESS GROUP NOTES TO THE FINANCIAL STATEMENTS Icontinued) For the year ended 31" March 2024 13. RESTRICTED FUNDS Restricted funds have conditions imposed upon their use by the donors. Move-on Property This represents the cost of the freehold land and buildings occupied by the charity for use as a move-on property. Resettlement Programme Monies given to fund move-on and resettlement work. Education & Training Thi5 has been established to help residents of Lawrence House undertake education and training and to gain paid employment. It is funded from ongoing donations. Skills for Independent Living project Grant received from Hinckley and Bosworth VCS for the charity to re- write and deliver an Lspdated version of Managing Your Own Home. LCC counsellor grants Grants received from Leicester County Council to fund counselling sessions from a professional counsellor. Hickinbotham Trust Grant Grant received for set-up costs for the move-on property such as furnishings and white goods. The money was spent on wardrobes and a sofa which have been capitalised and depreciated over 4 years. Leicestershire County Council Grant received to fund project worker hours. Henry Smith Charity Grant received to fund projert worker hours. The KFC Foundation Grant received to fund project worker hours. The Access Foundation Grant received to fund project worker hours. Hinckley Park Community Fund Grant received from IM Properties to fund project worker hours. 14. ANALYSIS OF NEf ASSETS BETWEEN FUNDS Tangible Flxed Assets Net Current Assets Total Year ended 31" March 2024: Restricted funds Unrestricted funds 145,000 10,126 9,843 252,806 154,843 262.932 155,126 262,649 417,775 Year ended 31 March 2023: Restricted funds Unrestricted funds 145,250 7.917 5,701 227,395 150,951 235.312 153,167 233,096 386,263