Lawrence House Company Number: 2707595 Charity Number: 1016170 Hinckley Homeless Group HINCKLEY HOMELESS GROUP DIRECFORS, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" MARCH 2025
HINCKLEY HOMELESS GROUP INDEX PAGES CHARITY REFERENCE AND ADMINISTRATIVE DETAILS TRUSTEES, ANNUAL REPORT INDEPENDENT EXAMINERS, REPORT STATEMENT OF FINANCIALACTIVITIES 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 Ichairl Mr P Trickett (Vice Chairl Mr T E Render ITreasurer} Mrs Morgan Mr D N Steer (resigned 12 August 20241 Mrs A Young Iresigned 12, August 20241 M5 M-A Pendlebury Mr S Wightman Mr N Imison (appointed 3, February 20251 th COMPANY SECRETARY: Mr D N Steer Iresigned 12, August 20241 Miss M Franklin (appointed 12, August 20241 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 Wa1Ck 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 Trustee5 (who are also direttors 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 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities" IFRS 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 companvs assets or surplus and receive no remuneration. The company is governed by its Memorandum and Articles of Association incorporated 15 April 1992 a5 amended nd by special resolutions on 28, October 1992 and 22 July 2019. The Board of Trustees currently consists of 7 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 Projert Manager, one part-time Administrator, one full-time Project Worker, two part-time Project Workers and two Relief Workers. The Board of Trustees met 12 times during the 12-month period. TRUSTEE INDUCTION AND TRAINING Hinckley Homeless Group recruits Board of Trustees members from local interested members of the community and professionals. Prospective trustees are invited to view Lawrence House with the Project Manager, are interviewed by 3 Board Member, usually the Chair. A DBS check is carried-out and reference5 taken up, thèn 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 indudion 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 351 our policies and procedures. OBJEcfivES AND ACTIVITIES The Trustees have had due regard to the guidance published by The Charity Commissioners on public benefit, and consider that the objettives and activities of the charity fulfil this requirement. The objects 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 peopSe with a view to helping them resettle in independent accommodation and fulfil their potential. Lawrence House is the chariV5 main project and is managed by Hinckley Homeless Group on behalf of the housing association PA Housing. Lawrence House is a hostel containing 12 single bedrooms together with comniunal areas. It provides friendly, safe, good quality accommodation and support for young, homeless individuals aged between 17 and 25 years for up to 24 month5. 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 Move-on House, which is in close proximity to the Lawrence House hostel, has three single bedrooms plu5 communal areas. Young people aged 18 26 years can live here for up to a further 24 months whilst benefitting from ongoing support from staff at Lawrence House. The purchase of this property in January 2020 was in response to a lack of suitable move-on accommodation locally and enables the charity to increase its impart on local youth homele55ness. The staff based at Lawrence House aim to enabSe individuals to develop essential life skills. overcome significant challenges in their lives, engage with education, trainingi 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 is thi5 5UPPOrt, given bythe stsff based at Lawrence House, that help5 young people turn their lives around. We also provide counselling sessions from a professional counsellor for those who have mental health issues. 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 vi51t 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 23 young people at Lawrence House.. 16 male5 and 7 females. A total of five young people lived at the Move-on House during 2024125, two 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 33 referrals in 2024125. 55% were 5elf-referr31s,' the main referring agencies were the Local Council 112Yol and Social Services130%1. 490/D of referrals had been sofa-5urfing, 12% came from B&Bs, 12% were facing eviction from the family home or were in an intolerable domestic situation, 9% came from other hostels, 18% were Leaving Care. This was an increase in the proportion of referrals Leaving Care even though we now can only take young people Leaving Care who are aged 18 or above. 13 of the 33 referrals were accepted and moved into Lawrence House, 66% of these young people had some form of disability or special need. This is an increase in the proportion of young people with additional 5UPPOrt needs. The average occupancy of Lawrence House was 93%, meeting the target occupancy of 930/0. The average occupancy of the Move-on House was 92VA exceeding the target occupanry of 75DA, and an increase on last year. For young people moving on within this year, the overall average stay was one year. Four young people stayed over 20 months, one of these for more than 2 years, having lived at Lawrence House and the Move-on House. This reflects a lack of suitable move-on accommodation in the local area. Ten residents moved-on during the year, nine from Lawrence House and one from the Move-on House. It was an especially challenging year with sorne very troubled young people from difficult backgrounds, who we did our best to help. Only five1S0%1 moved on in a planned way in 2024125, this is a rnuch lower success rate than Usual. Two abandoned their rooms. Two were evicted for violence/credible threats of Violence and one following advice from the Police. Of the five who did move-on in a planned way, only the one who had previously been in Care moved into a Housing Association flat, one moved to a private rental associated with a job, and three moved into private rental with family members and /or partners.
Page 4 HINCKLEY HOMELESS GROUP TRUSTEES ANNUAL REPORT (Continued) 100% of the young people who completed an exit interview felt confident their move-on would be successful. Comments made by residents at exit interviews included: "A good place where you can get needed 5UPPOrt to turn your life around" "l enjoyed being here and having sUPPOrt and reality checks when necessary" 'The best place to get to know yourself and becomè independen "Project Workers are incredible" "Project Workers are extremely supportive" 'My Project Worker helped me to stay positive" As a Charity, we are very pleased that we continue to make a significant improvement in the lives of young homeless 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. 80% of the young people who moved on in a planned way made improvements in their 'Out¢omes Based Personal Development Plan, while living at Lawrence House. There continues to be significant challenges in the valuable work that the Charity does. The complexity of need5 of Some of the young people we support ha5 become increasingly challenging. The lack of suitable move-on accommodation for single young people mean5 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. Our Move-on House 5 proving to be invaluable in both these scenarios, and the Charity is in the process of purchasing another property to be a second Move-on House. REVIEW OF THE FINANCIAL POSITION Expenditure increased by 8Yo this year. Our combined wages and National Insurance costs rose by over £10,000. Increased renewal and repair costs at both properties also significantly increased expenditure, and we invested in our staff by increasing staff training. The Charity benefitted from a generous Legacy frorn the late David Abbott. Through this and other generous donations, high occupancy and successful grant applications the Charity has been able to cover the increased expenditure without dipping into unrestricted reserves. We are exceedingly grateful to: IMP Hinckley Park Community Fund (restricted fund brought forward from last vearl and to Hinckley & Rugby Building Society and Leicester and Rutland Community Foundation, and The Albert Hunt Trust for their valuable grant funding this year. And also for the generous ongoing support of Dur 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 homele55 people. The annual sleep-out by students at St Martin's Catholic School in Stoke Golding (part of the St Thomas Aquinas Academy) merits special mention for their understanding of the issues around homelessne55 and their concern for other young people. Looking ahead, three grants have already been secured for 2025126, including Lottery Funding. This is very encouraging. Major grant funding that extend5 over several years remains elusive though. Staffing costs are expected to show a considerable above inflation rise in 2025126 mainly due to increased Employer National Insurance contributions, as are power cost5 due to the ending of beneficial fixed contracts, and the rent to the Housing Association has been increased by 4.6%. By the purchase of the Move-on-House in January 2020 the Charity secured a significant tangible fixed 355et. unrestrirted reserves remain at almost 11 months expenditure, and expenditure has been covered by income in 2024125, the Trustee5 decided that Hinckley Homeless Group is currently in a strong enough financial position to make it reasonable to commit a significant portion of unrestricted reserves to the purchase of a second move-on house in 2025126, with the aim of increasing the Charity's impact on local youth homelessness. To this end £142.000 has been allocated to a Designated Fund for the purchase of a second move-on house.
Page 5 HINCKLEY HOMELESS GROUP TRUSTEES ANNUAL REPORT {Continued) RESERVES POLICY The Board of Trustees have reviewed the Charity's 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 donation5 or inability to Secure sufficient gr3nts- 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 a period of time- Allow for re-structuring if operational change 15 needed to continue to fulfil the objects of the Charity,. and To enable the charity to meet its outstanding commitments and address the risk5 for beneficiaries should it become insolvent or cease to operate. bl dl The policy is to aim for reserves at 3 level consistent with nine months of operating expense5 and at current levels this is approximately £221,733. The Board of Trustees recognise that this may not always be possible. As a minimum, resenies should stand at no lower than four months operating cost5, currently approximatelv £98,548. This 15 to ensure that should the charity become insolvent or cease to operate, it would be able to meet its outstanding commitments. The actua5 level of unrestricted reserves held a5 at 31 March 2025 was £264,888. This allows the Trustees to remain confident that the project remains a going concern, whilst continuing to apply for funding from a variety of sources, and to develop the service provided by the Charity to maximise impact on youth homele55ness through the purchase of a second move-on property. Because of this, combined with an unpredictability around the availability of suitable grant funding at any given time, and an expettation that salary Costs and power costs will rise, the Board of Trustees consider5 3 buoyant level of reserves to be necessary at this time. 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 authorising 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 Trustee5 have a structure for ensuring these procedures are reviewed regularly. GOING CONCERN With the current level of unrestricted reserves and success of grant applications and fundraising, the Trustee5 have reasonable expectation 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 DIREcfoRS' RESPONSIBILITIES The Trustees (who are also directors of Hinckley Homeless Group forthe 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 statement5 for each financial year. Under company law the Trustee5 must not approve the financial statements unless they are satlsfied 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 departures disc105ed and explained in the financial statements- prepare the financial statement5 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 Art 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 Companie5 Act 2006. On behalf of the board Mrs D Morgan Chair Date:
Page 7 HINCKLEY HOMELESS GROUP INDEPENDENT EXAMINERS. REPORT I report to the charity Trustees on my examination of the attounts of the company for the year ended 315r March 2025 which are set out on pages 7 to 16. Responsibilities and basis of report As the charity Trustees of the company land a150 its directors for the purposes 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'l. Having Satisfied myself that the accounts 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 company's accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner's Statement Since the 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 Wale5, which is one of the listed bodies. 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 respert.. accounting records were not kept in respect 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 any 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 principle5 of the Statemènt 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 8FP FMAAT Michael Harwood & Co Chartered Accountsnts Greville House 10 Jury Street Warwick CV34 4EW Date.. 31g12oL
Page 8 HINCKLEY HOMELESS GROUP STATEMENT OF FINANCIAL AcfiviTIES (Incorporating the Income and Expenditure Accountl For the year ended 31" March 2025 2025 2025 Note Unrestricted Restricted 2025 Total 2024 2024 Unrestritted Restricted 2024 Total INCOME Charitable activities Donations and grants Investment income Other income 215,143 63,041 2,232 220 215,143 74,805 2,232 220 216,369 37,505 1,365 195 216,369 85,265 1,365 195 11,764 47,760 TOTAL INCOME 280,636 11,764 292,400 255,434 47,760 303,194 EXPENDITURE Charitable activities 275,641 17,673 293,314 224,962 43.868 268,830 Other costs 3,039 3,039 2,852 2,852 TOTAL EXPENDITURE 278,680 17,673 296,353 227,814 43,868 271,682 NET INCOME / IEXPENDtTURE) for the year before transfers 1,956 15,9091 13,9531 27,620 3.892 31,512 Transfers between funds Net movement in fundsfor the year 1,956 15,9091 13,9531 27,620 3,892 31,512 Fund balances brought forward 262,932 154,843 417,775 235,312 150,951 386,263 FUND BAL4NCES carried forward li 264,888 148,934 413,822 262,932 154,843 417,775 The notes on pages 10 to 17 form an integral part of the accounts.
Page 9 HINCKLEY HOMELESS GROUP Icompany no. 27075951 BALANCE SHEET A5 at 31" March 2025 2025 2024 Note FIXED ASSETS Tangible asset5 152,534 155.126 CURRENT ASSETS Debtors & Prepayments Cash at bank and in hand 27,611 237,791 265,402 30,954 234,424 265,378 CURRENT LIABILITIES Creditors io 14,1141 12.7291 NET CURRENT ASSETS 261,288 262,649 NEf ASSEfs / LIABILITIES 413,822 417,775 INCOME FUNDS: RESTRicfED FUNDS UNRESTRicfED FUNDS li 148,934 264,888 154,843 262,932 li 413,822 417,775 Directors, statements: The company was entitled to exemption from audit under section 477 of the Companie5 Act 2006 relating to small companies,. 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 Att 2006: The directors acknowledge their responsibilitie5 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 On behalf of the Trustees Mrs D Morgan Chair The notès on pages 10 to 17 form an integral part of the accounts.
Page 10 HINCKLEY HOMELESS GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 ACCOUNTING POLICIES lal Basis of Accounting and Going Concern 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 limitÈd 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 charity's 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 accordance with Actounting and Reporting by Charities: Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Art 2011, the Companies Act 2006 and UK Generally Accepted Accounting Prattice. With the current level of unrestricted reserve5 and continued success of fundraising efforts, the Dirertor5 have reasonable expectation that the charity has adequate resource5 to continue in operational existence for the foreseeable future. For this reason, the financial statements are prepared on a going concern basi5 under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which 15 the funrtional 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. Ibl Income Rent receivable is 3ccounted for on an accruals ba515. 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 restricted income is included under restritted funds as it Is fully committed. No amounts are included in the financial statements for services donated by volunteer5. {c) Government Grants Government grants are recogni5ed at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recogni5ed in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in 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 function31 categories 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 Project Manager and Project Administrator, not grant funded, have been allocated to administrative expenses and support costs accordingly.
Page 11 HINCKLEY HOMELESS GROUP NOTES TO THE FINANCIAL STATEMENT5 (Continued) For the year ended 31. March 2025 ACCOUNTING POLICIES (Continued) lel Expenditure categories Expenditure that is not directly attributable is allocated to one of three functional categories that reflect the charitable activities of the company. Accommodation: Direct costs of providing accommodation at Lawrence House. Support Costs: Costs of providing SUPPDrt for the residents of Lawrence House and the move-on properties. Management and Administration- Costs of managing the Project and the administrative costs of the Project and the Charity. lfj Fixed Assets Items of equipment costing over £200 are capitali5ed and are stated at cost lor deemed costl or valuation less accumulated depreciation and accumulated impairment 105se5. Cost includes costs directly attributable to making the asset c3pablÈ of operating as intended. A5 It is the chariVs 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 sy5ternati¢ basis over its expected useful life as follow5: Fixtures, Fittings & Equipment 25Yo Straight line Igl Debtors and creditor5 receivable / payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at tran58ttion price. Any1055es arising from impairment are recognised in expenditure. Ihl Funds General fund5 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 objectives of the company. Designated funds comprise unrestricted funds that have been set aside by the Directors for particular purposes as set out in note 13 to the financial statements. Restricted funds are funds subject to Specific restritted conditions imposed by donors. The purposes and use of restricted funds are Set out in note 12 to the financial statement5. li) Pensions The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. til 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 charitsble company for UK corporation tax purposes.
Page 12 HINCKLEY HOMELESS GROUP NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 March 2025 DONATIONS & GRANTS 2025 2025 Unrestrirted Restricted 2025 2024 2024 Total Unrestritted Restricted 2024 Total Donations: Friends of LH People's Fundraising HMRC GiftAid Legacies Persimmon St Peterfs Catholic Church Alternativity Hinckley Ambion Rotary St Thomas Aquinas Academy MrA Turton Amazon Barratt Foundation Elrnesthorpe EVFA Market Bosworth QU Miscellaneou5 donations 9,205 4,817 3,330 22,930 9,205 4,817 3,330 22,930 9,181 8,279 2,470 9,181 8,279 2,470 5,000 1,500 1,607 5,000 1,500 1,607 1,293 1,500 3,263 s,000 2,000 1,500 1,197 1,250 5,756 1,293 1,500 3,263 5,000 2,000 1,500 1,197 1,250 5.756 2,279 2,279 7,189 7,189 63,041 63,041 37,505 37,505 Grants: Leicestershire County Council The Henry smith Charity The KFC Foundation Hinckley Park Community Fund The Access Foundation Albert Hunt Trust Hinckley & Rugby Building Society and Leicestershire & Rutland Community Foundation 2,500 27,400 3,000 9,860 5,000 2,500 27,400 3,000 9,860 5,000 7,000 4.764 7,000 4,764 11,764 11,764 47,760 47,760 63,041 11,764 74,805 37,505 47,760 85,265
Page 13 HINCKLEY HOMELESS GROUP NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 March 2025 CHARITABLE ACTIVITIES EXPENDITURE Unrestricted support Management Move-on Properties Costs & Admin 4BW 5BW Restritted Accom- modation Total Year ended 31" March 2025". Staff costs (see note 51 Counselling Project costs Miscellaneous client expenses Rent & rates Heat & light Telephone Insurance Repair5 & renewals Security Depreciation Cleaning Training Print, postage & stationery Computer costs Subscriptions Sundry expenses Bank charges Legal & profe55i0nal fees Bad debts 48,038 70,816 680 37,047 17,516 173,417 680 157 1,094 55,532 10,700 1,473 10,776 13,129 210 4,420 4,909 3,204 1,025 1,807 300 2,502 480 6,792 707 157 135 54,476 6,444 486 3,065 7,217 210 2,869 4,909 321 834 125 1,056 3,047 258 2,018 5,912 806 403 729 4,379 1,314 275 1.276 2,029 564 360 854 461 1,137 300 310 2,184 318 472 3,212 3,580 707 131,371 77.403 49,394 3,580 13,893 17,673 293,314 Year ended 31 March 2024: Staff costs (see note 51 Counselling Project costs Miscellaneous client expenses Rent & rates Heat & light Telephone Insurance Repairs & renewals Security Depreciation Loss on disposal of assets 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
Page 14 HINCKLEY HOMELESS GROUP NOTES TO THE FINANCIAL STATEMENTS (continued) Forthe year ended 31" March 2025 OTHER COSTS 2025 2024 Independent Examiner Filing fees Client & staff catering 2,580 48 411 2,280 48 524 3,039 2,852 STAFF COSTS 2025 2024 Gros5 wage5 Social security costs Pension costs Recruitment Costs Agency costs Other costs 154,416 9,055 5.861 66 4,019 145,212 7,879 6,623 1,148 420 173,417 161,282 Average number of employees No employee earned £60,000 per annum or more. TRUSTEE REMUNERATION AND EXPENSES No Trustee or connected person received any remuneration or expense5 either directly or indirectly. RELATED PARTY TRANSAcfioNS During the year the charity made no material transattions with related parties.
Page 15 HINCKLEY HOMELESS GROUP NOTES TO THE FINANCIAL STATEMENTS (continued) For the year Ènded 31" March 2025 TANGIBLE FIXED ASSETS Fixtures. Fittings & Equipment Freehold Property Total C05T At 31" March 2024 Additions Disposals 145,000 20,616 1.828 165,616 1.828 At 31" March 2025 145,000 22,444 167,444 DEPRECIAT]ON At 31" March 2024 Charge for the year Eliminated on disposal 10,490 4.420 10.490 4.420 At 315[ March 2025 14,910 14,910 NET BOOK VALUE At 31" March 2025 145,000 7,534 152,534 At 31" March 2024 145,000 10,126 155,126 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Debtors Prepayments Other debtors 17,744 9,867 21,340 9,602 12 27,611 30,954 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Accrued expense5 Other creditors 3.739 375 2,729 4,114 2,729
Page 16 HINCKLEY HOMELESS GROUP NOTES TO THE FINANCIAL STATEMENTS (Continued) Forthe year ended 31 March 2025 11. MOVEMENT ON FUNDS Balance at 31.03.24 Income in year Expenditure in year Balance at 31.03.25 Transfers RESTRicfED FUNDS Move-on Property Resettlement Programme Education & Training Skills ftsr Independent Living projert Hinckley Park Community Fund Albert Hunt Trust HRBS/LRCF 145,000 1,548 2,175 368 5,752 145,000 1,548 2,018 368 11571 15,7521 17,0001 14,7641 7,000 4,764 154,843 11,764 117,6731 148,934 UNRESTRicfED FUNDS General fund Designated funds: - Lawrence House Repairs & Renewals Reserve Move-on Properties Fund Counselling Fund 239,187 280,636 1273,6411 114,3591 231,823 10,000 12,4471 2,447 10,000 10,000 3,745 11,9121 16801 11,912 20,000 3,065 262,932 280,636 1278,6801 264,888 417,775 292,400 1296,3531 413,822 12. 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 This 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 updated version of Managing Your Own Home. Hinckley Park Community Fund Grant received from IM Properties to fund project worker hours. Albert Hunt Trust Grant received to fund project worker hours. HRBS/LRCF Grant received from Hinckley & Rugby Building Society and Leicestershire & Rutland Community Foundation to fund projett worker hour5.
Page 17 HINCKLEY HOMELESS GROUP NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31" March 2025 13. DESIGNATED FUNDS Lawrence House Repairs & Renewa15 ReseNe As Managing Agents, Hinckley Homele55 Group is responsible for decorating, carpeting and furnishing Lawrence House. Move-on Properties Fund Funds set aside to cover expected repairs and renewals on the move- on properties. Counselling Fund A donation received from Next Generation set aside to cover professional counselling sessions. 14. ANALYSIS OF NEf ASSETS BEfwEEN FUNDS Tangible Fixed Assets Net Current Assets Total Year ended 31" March 2025.. Restricted funds Unrestricted fund5 145,000 7,534 3,934 257,354 148,934 264,888 152,S34 261,288 413,822 Year ended 31 March 2024: Restricted funds Unrestrirted funds 145,000 10,126 9,843 252,806 154,843 262,932 155,126 262,649 417,775 IS. POST BALANCE SHEET EVENT On I" July 2025, the Charity completed on the purchase of a second move-on property. The cost of £142,000 was paid for entirely out tsf the Charitvs unrestricted reserves.