Charity reglstratlon number 1017599 (England and Wales)
THRESHOLD HOUSING LINK
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THRESHOLD HOUSING LINK
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ms L Catt81ain
Ms L Connick
Ms P Davies
Mr S Godfrey
Ms J Hall
(Appointed 31 March 2025)
(Appointed 31 March 2025)
(Appointed 19 November
20241
Mr B R Saunders
ProfA Winfield
(Appointed 31 March 2025)
Senlor management
Mr B Ham)an
Mr K Parry
CEO
Operations Manager (resigned
5 September 2025)
Service Manager (appointed
18 November 2024)
Fundraising and
Communications Manager
(appointed 24 Febnjary 2025)
Finance and Compliance
Manager {appointed 27
October 2025)
Ms H Edwards
Ms R Harris
MsDPea
Charity number (England and Walos)
1017599
Auditor
Haines Watts Swindon Limited
Old Station House
station Approach
Swndon
Itshire
SN13DU

THRESHOLD HOUSING LINK
CONTENTS
Pago
Trusts8s' report
Independent auditorfs report
9-11
Statement of financial aclimties
12
Balance sheet
13
Statement of cash flows
14
Notes to the financial statements
15-26

THRESHOLD HOUSING LINK
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The tTUStees present their annual report and finanaal statements forthe year ended 31 March 2025.
The financial stateménts have been prepared in aC￿rdan￿ with the accounting policies set out in note 1 to the
financial statements and comply with the charity's governing document, the Charrties Act 2011, FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP '￿￿OuntIng
and Reporting by Charities.. Statement of Recomrnended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)"
Objectives and actlvltlos
The trustees review the aims, objectives, and activities of Threshold each year. This report looks at what Threshold
has achieved and the outcomes of its work in the reporting period. The trustees report the Su￿sS of each key
activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also
helps the trustees ensure the charity's aims, objectives and actiwties remainèd focused on its stated purposes.
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public
benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the
trustees consider how planned actiwties will contribute to the aims and objective5 that have been set.
Our objects
Threshold's objects, as set out in its constitution are: 'Ihe relief of poverty. hardship. sickness and old age in
particular of persons who.. (a) by reason of mental or physical infimiity are unable to fijlfil their duties as citizens or
their obligations to their employers.. or are Ib) homeless. exwoffenders and those with substance misuse issues andl
or addictions.
Our mlgslon
To end homelessnes5 for people in Swindon by providing a safe place to live, personalised support and a pathway
to independence.
Our values
Our values guide interactions and deci5ion-making throughout Threshold
Collaboration= Working together to achieve the best outcomes
Integrity: Acting with honesty, transparency and accountsbility
Compassion= Listening to people's needs and acting with empathy
Quality.. Striving for excellence in all we do
Aclivitlos
Threshold's charitable activities focus on the people w8 SUPPOrt and arè undertaken to fijrther our charitable
purposes for the public benefit.
People who are homeless in Swindon face multiple barriers to financial securty and independence. Most of our
residents come to us with chronic personal challenges linked to social exclusion. Many have a history of mental
health problems, trauma. offending and domestic abuse. as well as ojrrent issues with physical ill Ipalth, disability
and problems with drug l alcohol use.
These factors aggravats each other, creating multipl@. complex needs whith can prevent acc8SS to basic living
requirements such as housing and health Care, and exclude people from partiapating in education, employment,
social activities and even daily living tasks. Isolation. discrimination and stigma creats further barriers to accessing
support from stretched local services, making it very difficult ft)r people to get the specialist support they need to
overcome issues which lead lo homelessness. Without thes8 Vltal opportunities, people are trapped in
hom818ssn8Ss and die at an average age of 44 years, according to the ONS.

THRESHOLD HOUSING LINK
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Threshold has been providing accommodation and support for horn818ss people in Swindon for over 50 years.
Every night we provide a safe place to live for people in Swindon who 0th8TWiSé would be homeless. We know Ihat
with thè Ttght support at the right time. people can overcome homelessness and work towards a positivè fvture. Our
houses offer a safe, secure home where peopl8 ar8 SUPPOrted to escape the cycle of homelessness and gain tha
stability and Independen￿ to move on to pemanent accommodation. We support people who are homeless in
Swindon by providing..
A safe place to live
A personaliséd support plan to work towards a positive future
A pathway to Independence
Our houses offer a safe, comfortable place to call home for 86 residents as well as support to become tenancy
ready. Each resident is allocated a support worker who helps them develop a personal support plan based on Ihe
Homelessness Outcome Star. setting realistic targets to overcome their challenges. achieve their goals and grow
their independence. Our residents receive person-centred, wraparound support to break down barriers to inclusion
and overcome the problems that are holding them back from achieving their potential.
Residents can live in a Th￿shOld house for up to bvo years. Working on a plan towards independent living is a
requirement of the licence agreement. lthen they are ready, we will support residents to achieve a positlV8 move
on, Working in partnership with Swindon Borough Council and others trj secure a successful move on to
independent accommodation.
Achlevements and perforniance
Signffjcant aclivitios and achievements against objectives
We refreshed our mission, purpose and values to engage stakeholders and refiect our purpose
We developed and launched our new &year strategy (April 202&March 20281 which will build strong
foundation5 critical to our )lJture success
reviewed and strengthened our Key Performance Indicators {KPI'sl that enable us to report our
perf0rrnan￿ against our new strategy
We have established subcommittees of th8 Board, a Finance and Fundraising subcommittee and
Perfomiance and Quality subcommittee. These $ubcommitt8es help the Board fulfil their responsibilit
and provide support to the CEO and Senior Management Team ISMT)
We renewed our focus on outcomes and impact by embedding the Homeless Outcome Star across our
support planning and practice
We commissioned a stock condition survey to infomi our long-tem repairs. inv6strn8nt, and refurbishment
of properbes
We continued to work in partnership with a range of statutory and voluntary organisations to ensure high
quality and effective support for people who are homeless in Swindon
Several people were able to move on to their ¢Thin independent accommodation and sustain their new
tenancy for at least 6 months
Monltorlng and ovalualion
We use In-Form. the leading client relats'onship and Service management system for the homeless sector. to track
outcomes. assess impact and infonn our services from the initsal referral, through personali5ed support planning
and into independent living. In-FO￿ comes with the Homelessness Outcomes Star built in. enabling us to embed it
in our practice while measuring the impact of our support Servi￿$. We will be investing in further In-FO￿ and
Outcomes Star training for the Threshold team to anable us to use this system to its fvll potential and infomi Service
development
Access to our services
We are committed to creating a welcoming and aC￿pb.ng culture where people feel included. experience a sense of
belonging and feel safe to be themselves. W6 respect and celebrate differences and ensure that everyone has the
resources they need to achieve their goals.

THRESHOLD HOUSING LINK
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Financlal revlew
Financial positlon
The financial position of the charity at the year-end is set out on page 13.
Income
Threshold's total income increased by £196.669 (13.8°hl this year from £1,423,603 in 2023124 to £1,620,272.
A detailed analysis of income is shovm in the Statement of Financial Activities (SOFA) and Notes 3 - 6 of the
Financial Ststements.
Expenditurn
Total spending on charitable activibes for the year of £1,203.110 represents a 5.50h decrease in expenditure from
2023124 {£1,273,402).
Further analysis of charitable activity expendibjre, showing the operational activities undertaken by Threshold are
given in the SOFA and in note 8 of the Financial Statements.
Fund Anatysis
The Board can confimi that the Charity's assets are available and adequate to fulfil the obligations of the Charity on
a fijnd-by-fund basis. Incoming reSoU￿S for the year of £1,620,272 (2024.. £1,423,603) included £nil of restricted
fijnds {2024= £nil). Of the £2,133,612 fvnds retained at year end {2024.' £1.716.450). £759,898 were designated
(2024= £60.000), £730,352 held in a revalualion reserve {2024.' £730.352) and £nil were restricted12024'. £4.826).
Further analysis of designated and restricted fvnds is shown in the SOFA and Notes 21 and 22 of the Financial
ststements.
Investment pollcy and obJa¢tiVOS
Threshold is committed to maintaining fvnds in instant access accounts to rn6èt all day-to-day need5 for working
capital. Any funds beyond this and not required for development of Ihe Charity's activitses in the short term, will be
invested in low-risk dep051t accounts, reviewed and recommended by the Finance and Fundraising committee and
approved by the Board.
Reserves policy
tin Threshold's ReseNes & Investrnents Policy. the board has determined to hold three to six months. operating
costs as a buffer against unforeseen financial challenges. to guarantee business continuation in the event of a large
reduction in income. protect the charity's long-term sustainability. to plan for future growth and te able to benefit
from development opportunities a5 and when they arise, and to ensure the Charity can wind up in an ethical and
orderfy manner rfso required.
For 2025126. budgeted monthly operating costs are £123,024. At March 31st 2025 the Charity's unrestrrcted
reserves stood at £2.133.612. Of these, £1,384,250 were held in fixed assets (buildings) and £106,000 in
designated funding for major repairs and IT. On 31st March 2025 the organi5ation therefore held £643.362 in free
reseNes (2024.. £239,124), equating to 5.2 months. operating costs. This meets the minimum reserves policy and
the trustees, r8quirement that free reserves remain in surplus.
At the beginning of the current finanaal year 2025126 th8 Charity paid off a bank loan of £218,118, leaving £425,244
in free reserves. equating to 3.5 monlhs. operating costs. The Board is committed to investing additional réSour￿S
for the purposes of developing services to Threshold's beneficiaries. For 2025126 the Charity is budgeting for a
surplus of £154,083 building its financial resilience to support organisational growth in a volatile social and
economic climate. Threshold's new three-year-strategy will require investrnent in effective and sustainable
infrastructure, including finance, IT and syslems, staff development and 8valuating impact The Charity also seeks
to grow its free reserves to invest in capitsl. Building these strong foundations will pave the way for subsequent
invesknent to transfomi th8 service delivery model from 2028.
Threshold will continue to reinvest surpluses into appropriate prop8ty to m88t the rapidly growing and changing
needs of Swindon'5 homeless community.

THRESHOLD HOUSING LINK
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Plans for futuro perfods
In 2024 we gppointed a new CEO and consulted with stak8holders to refresh our vision, mission and values and
develop a new strategic plan for 20254. Our Stratsgy, 'building strong foundations,. will establish excellence across
five strategic priorities to strengthen our leadership in the support of local people who are homeless, now and in the
future.
Our strategy is underpinned by doing the right thing in the right way, every day. We will deliver effective training,
development and line management to support our people to achieve Iheir best perfo￿an￿. We will te highly
organised, planning well. demonstrating high professional standards and owning accountabilty- We will work
together with residents. partners. stakeholders and the Swindon community to deliver the best outcomes for people
who are homeless. Building strong foundalions 1$ ¢riti¢al to future success and being able to demonstrate that we
are a high-quality provider that is compliant with national supported housing stsndards.
Our strategy has five key priorities which will establish robust financial. operational and èthical foundations essential
to maintaining Threshold's success. The stratsgy will build a trusted platfom enabling Threshold to play a leading
role in ending homelessness in SwTndon and rise to future challenges and opportunities. The five stratsgic priorities
are..
1. Quality housing and support.. We will provide people a highqualty home environment and personalised
support towards independence. We will deliver the best support and enable lasting change, continuously improving
our perfonnance so that we can end homel&ssn8ss for p8opI8 in Swindon.
2. Property, safety & compliance: A smart approach to asset management will support our strategic goals. We will
maintain up-tOThdate. compliant poliae5 which guarantee quality. safeguard health and safety and minimise risk We
will develop our property portfolio to optimise value. impact and access to our services.
3. Our people.. Our people stratsgy wrll reflect the role all our people play in achieving Threshold's outcomes. It will
support our focus on quality, continuous improvement, safety and wellbeing. The people working for Threshold will
be well-equipped to do a great job, and they will have the resour￿$ to deliver against our values and objectives.
Ne will embrace the opportunities offered by technology and use it to support everyone to work more efficientty.
4. Sustainability and longevlty.. Robust financial operalions, effective management and strategic thinking will drive
Threshold's dgveloprnent. Solid governance will support our operations and provide assurance to stakeholders. We
will think long-term so we can support people who are homeless now and in the future.
5. Slakoholdgr engagement -. We will cultivate mutualty beneficial relationships with our stakeholders. sharing
strengths and opportunibes to maximise social value. We will collaborate with local organisations to increase our
reach, improve our impact and achieve the best outcomes for people in Swindon. We will communicats
and celebrate our impact through relevant and engaging content supported by reliable data.
We will test, leam and adapt our approach over the course of the strategy. Business strategies, tactic5 and action
plans will be developed annually to support our strategy. We will monitor th8 changing landscape in Swindon and
evaluate our impact, introducing new partnerships and serVi￿S as needs and opportunities arise. By continuously
building, reffining and improving, we will develop a new model to be delivered from 2028.
Structure. governance and managoment
Governing document
The charity is controlled by its goveming document, a deed of trust and Constitutes a chaTitable incorporated
organisation.
The organi5ation wa5 formed in June 1972 and was known as The Swindon Cyrenians (AGAPE) when first
registered as a charity. The charity 15 now registered as Threshold Housing Link and known as Thresh)Id, a
Charitable Incorporated Organi5ation {CIOI 1017599. The Organisation 15 govemed by its Constitution. The
Trustees have no beneficial interest in the CIO.

THRESHOLD HOUSING LINK
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The Board of Trustees
The Board of Truste8s comprises up to ten members, which is th8 maximum pemittted in the Constitution. Full
details of the trustees who held office during the period aré Set out in the Reference and Administration Section on
Page 8. Trustees can serve for a period of three yèars. after which they must be revelectsd with a maximum service
of 9 years before stepping down for at least on8 year.
MrA Brackenbury
Ms L Cattelain
Ms L Connick
Ms P Davies
Mr S Godfrey
Ms J Hall
MrA Hollingsworth
Ms L Oyewo
Mr R Petsrs
Mr B R Saunders
ProfA IMnfi8ld
MrAZuberi
(Appointed 14 May 2024 and resigned 1 January 2025)
(Appointed 31 March 20251
(Appointed 31 March 20251
(Appointed 19 November 2024)
(Resigned 15 September 2025)
(Resigned 19 November 2024)
(Resigned 15 November 2024)
(Appointed 31 March 2025)
(Resigned 2 September 2024)
R8cruitm917t and appointment of trustg8S
Some truste85 are appointed to key roles on the board as follows..
Chalr.. Bryan Saunder5
Vice Chair. Ross Petsrs to 15 November 2024, Lin Cattelain from 19 November 2024
Co-chairs of the Finance and Fundraislng Committee.. Lin Cattelain from 23 Juty 2024 and Jennifer Hall from 21
January 2025
Chair of the Perfonnanco and Quality Commltt88: Penny Davies from 23 July 2024
Safeguarding Lead: Penny Davies from 27 May 2025
All new trustees undertake an induction programme including a structured introduction to Threshold and an
opportunty to visit supported accommodation projects. The focus 1$ on ensuring we recruit a diverse Board that
have a range of skills and experience aligned to our strategic direction and purpose. Training and development
sessions in key areas are facilitated annually and include safeguarding, health and safety and govemance training.
All trustees are recruited through a robust and transparent process, involving a detailed application. fomal Inte￿ieW
and DBS checks completed.
Some of our board members have personal or professional knowledge of housing or homelessness. others have
senior executive and financial experien￿. They give their time voluntarily and receive no benefit from the charity in
respect of their dutie5 as trustees. Any expenses reclaimed from the Trust ar8 set out in note 9 of the Financial
ststernents.
Our Board of Trustees is supported by the following sub-committees..
Financo and Fundralslng Sub4ommltte8
The finan￿ and fundraising subrycommittee monitors the financial heatth of Threshold and assists the Board in its
responsibilities for the financial statements. Ensuring our assets are managed responsibly. managing financial risk,
budgeting and complying with finanaal and accounting requirements.
Perfomiance and Quality Sub4ommlttee
The performan￿ and quality sub-committee provides assuran￿ to the Board on significant operational and
compliance risks, including health, safety. security and safeguarding events faced by the charity 50 that they are
identified, asse55ed, managed and monitored.

THRESHOLD HOUSING LINK
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
othermatters
Trugtoo dutios
The trustees undertake the duties laid down in the charit￿S goveming documents. As trustees. they fully
acknowledge they are ulkn'mately responsibl& for the governan￿ of the charity and the prolection of its assets. The
board takes ultimate responsibility for the implementation of equal opportunities and health and safety within
Threshold. To dischargè these responsibilities, the fonnal board meets règulady during the yèar. Mèetings of the
various board committees and other advisory groups in which trustees lead and participate were held regularly
throughout the year.
Long terni plans
All key decisions that will have an impact on th8 long-tann future of Threshold are discussed at th8 relevant
subcommittee and board. For major and long running projects. the board receives regular updates to ensure that
there is appropriate oversigh( and that appropriate action is laken where ne￿$sary
Doclslon making
The overall responsibility for the charity rests with the Board of Trustees. who are appointed as Trustee5 of the
Charitable Incorporated Organisation. Trustees provide leadership and oversight of the organisation's charitable
objectives. The Board of Truslees have overview of senior management pay and tsmis and conditions and
remuneration is set by the Trustees after considering the remuneration of equivalent staff at similar charitable
organisations. Authority from the Trustees for the day to day running of the char-ty is delegated to the Chief
Executrve offi￿r.
Rglationship wilh wdernelwork
Extsrnal Relationshlp8
The charity maintains closé collaborative and slrategic links with other homelessness and hèalth and social care
organisations both within Swindon and nationalty.
Statement of Trustees. responslbllltles
The trustees are responsible for preparing the Trustees, Report and the financial Statements in accordance with
applicable law and United lQngdom Accounting Standards {United Kingdom Generally Accepted Accounting
PractiL%).
The law applicable to charities in England and Wales requires the ttU5tees to prepare financial statements for each
nanclal year which give a true and fair vtew of the state of affairs of the charity and of the incoming resources and
application of resources of the charity for that year.
In preparing those financial statements, the trustees are required to-.
- select suitsble accounting policies and then apply them ￿nSIstentIy',
observe the methods and principle5 in the Charities SORP.,
- make judgements and estimates that are reasonable and prudent.,
- stats whether applicable accounting stsndards have been followed. subject to any material departures disclosed
and explained in the financial statements- and
prepare the financial statsments on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonabl8 accuracy at any
time the financial position of the charity and enable them to ensure that the financial statsments comply with the
Charitses Act 2011, the Charity {A¢counts and Reports) Regulation5 2008 and the provisions of the trust deed. They
are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the
prevention and detectton of fraud and other irregularities.

THRESHOLD HOUSING LINK
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Rlsk manag8m6nt
The social care and charilable sectors in which Threshold operatss continue to be under significant SCTutiny with
increasing demand and significant downward pressure on funding streams.
Key issues and change that create a range of Un￿rtaIntieS for us include:
The Supported Housing (Regulatory Oversight) Act 2023 became law in August 2023 and is still subject to
consultation on how it will be implemented. The Act aims to introduce new regulations to tackle poor-qualty
supported housing and protect residents
Impact of the above on commissioning direction. uncertainty about what the national slandards will be,
potential focus on economical and less perSOn￿¢entred support models
Limited funding leads to an increase in referrals for people with complex needs without the requI￿d funding
or support packages to adequately house and sUPPOrt them
The demands and relative low pay within social car8 which further challenges recruitment and retention of
quality staff
Inflationary pressures including large increases in the costs of utilities
The principal risks identified as significant are:
Risks
Long temi financial sustainability - ensuring
e remain financially resilient and sustainable
and can demonstrate Value for Money IVFM).
Mltlgatlons
Annual budget and regular reporting of managemen
accounts
Eslablishment of a Finance and Fundraising Sub-committee
Increasing our fijndraising capacity and bring finance inhouse
Developing finance and fundraising Strategies
Health and Safety (H&S) failure to have in
place robust H&S policies and ways of working,
along wth a failure to demonslrale a positi
safety culture. can lead to death or injury and
ith it. Serious financial and reputational risk.
Safeguarding - the potential of service failure
and hami
to individua15 Should the
Safeguarding ethos. ways of working. training
and overall approach be unclear or ill
managed across Threshold.
H&S policy updated and approved
Safety and compliancE is a key part of our strategy and KPI'S
vthich are regularly reported to and reviewed by the SMT
and Board of Trustees
Establishment of a PerfO￿nanCe and Quality SutFCommittee
with oversight of safeguarding
Created a Designated Safeguarding Lead (DSL) role
Reviewing our safeguarding policy and practice to identify
continuous improvement opportunities
Safeguarding a standing agenda item at meetings
Recruitment and Retention
significant
challenges in recruitment and retention within
the sector and locally. Failure to attract. recruit,
and retain high quality people puts service
quality and an ability to deliver strategylplans a
risk.
We completed a salary benchmarking exercise in 2024
P8opI8 15 on8 of our five strategic priorities with ke
outcomes and tssks to drive Ihis important area ofwork
We will deliver effective training, development and line
management to support our people to achieve thèir best
P8rfomianc8
Fundraising
core services are funded
adequately however new sustainable voluntary
income is required to deliver new seNices.
We wll create a fundraising strategy and invest in a dono
databas8 so w8 have the foundation to successfully establish
new sustsinable sources of in¢ome.

THRESHOLD HOUSING LINK
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Risk manag8m0nt and intsrnal controls
We continue to cary out and monitor a comprèhensive risk-management assessment process. This has identified
and addressed the major financial, operational, gov8manc8. repLrtational and regulatory risks whic* might affect our
ability to meet our objectives.
The risk register records Threshold's exposure to major risks and uses a scoring mechanism based on impact and
likelihood. It considers existing controls and the steps taken to mitigate the risks. It then identifies the residual risk to
understand whether it is within the acceptable risk framework. which underpins the process, based on clearfy
defined appetite to risk protocols. agreed by trustees. Vvhere risks appear to be outside the agreèd comfort zone
there is a clear focus on a￿lon$ needed to ensure it is within the risk appetite. The senior management team (SMT)
and Board of Trustees have kept the risks under review during the period.
The Board of Trustees has overall responsibility for assessing the risks faced and ensuring it has appropriate
systems of intemal control in pla￿. The charity undertakes mitigating actions on all the major identified risks. The
trustees are of the opinion that they take reasonable steps to ensure that they identify the major risks to which the
charity is exposed. They a150 try to ensure they have put in place systems to mitigate them.
The Trustees, report was approved by the Board of Trustees.
Ms L Cattelain
Vl¢e Chalr of Trustees
Dats....Z.sl.::..12

THRESHOLD HOUSING LINK
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THRESHOLD HOUSING LINK
Opinlon
We have audited the financial Statements of Threshold Housing Link Ith8 'charity) for the year 8nd8d 31 March
2025 which cornprise the statement of financial activities, the balan￿ sheet, the statement of cash flows and notes
to the financial slatem8nts. including significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
R8POrting Standard 102 The Financial Repo￿ng Standard applicable in th8 UK and Rapublic of Ireland (United
lfjngdorn Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources
and application of resources, for the year then ended.,
have been properly prepared in accordance with United lfjngdom Generally Accepted Accounting Practi￿,.
and
have been prepared in accordance with the Charities Act 2011.
Basis for opinlon
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UKI) and applicable
law. Our responsibilities under those standards are further described in the Auditors rgsponsibiliti8s for the audit ol
thg finan￿al statements section of our report. We are independent of the charity in accordance with the ethical
requirements thal are relevant lo our audit of the financial statements in the UK. including the FRC'S Ethical
Standard. and we have fijlfilled our olher ethical responsibilities in accordance with these requirements. We believe
that the audit evidence w8 have obtained is sufficient and appropriate to provide a basts for our opinion.
Conclusions relatlng to golng concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concem basis of
accounting in the preparation of the financial statements is approprrate.
Based on the work we have perfomied, we have not identilled any matsrial Un￿rtaIn￿e$ relating to events or
conditions that. individually or collectively, may cast significant doubt on the charity's ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going con￿rn are described in the
relevant sections of this report.
Other inforniation
The other information comprises the infonnation included in the annual report other than the fina￿[al statements
and our auditaff5 report thereon. The trustees are responsible ft)r the other information contained within the annual
report. Our opinion on the financial ststements does not cover the other infomiation and we do not expres5 any form
of assurance conclusion thereon. Our responsibilty is to read the other infomiation and, in doing so, consider
whether the other infomiation is materially incon5iStent with the financial statements or our knowledge obtained in
the course of the audit, or othe￿¢Se appears to be materially misststed. If wé identify such material inconsistencies
or apparent matertal misstatements, we are required to detemine whether this gives rise lo a materral misstatsment
in the financial slatements themselves. If, based on the work we have perftjrmed, we conclude that there is a
material misststement of this other infomiation, we are required to report that fact
We have nothing to report in this regard.
Matters on whlch we are requlrod to report by excoptlon
We hav8 nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulabons 2008 requires us to report to you if, in our opinion:
the information given in the financial statsments is incon515tent in any material respect with the TTUStees'
report,. or
suffici8nt accounting records have not been kept: or
the financial statements are not in agreement with the accounting records; or
we have not received all th8 infonnation and explanations we require for our audit.

THRESHOLD HOUSING LINK
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THRESHOLD HOUSING LINK
Responslblllllos of trustsos
As explained more fully in the statement of Trustees. responsibilities, the trustees are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and for such
inlemal conlml as the trustees determine is necessary to enable the preparation of financial statements that are free
from material misstatement. whether du6 to fraud or error. In prèparing thé financial statements. the trust8es are
responsible for assessing the charity's abilty to continue as a going concern. disclosing, as applicable, matters
related to going con￿rn and using the going concern basis of accounting unless the trustees either intend to cease
operations, or have no realistic alternative but to do so.
AUdit0￿S responslbllltles for tho audlt of tho flnanclal statoments
We have been appointed as auditor under section 144 of the Charitses Act 2011 and report in accordance with the
Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assuranca about wheth8r the finanaal statsments as a whore are fr8e from
material misstatement, whether due to fraud or error. and to issue an auditorfs report that includes our opinion.
Reasonable assurancB is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS {UK) 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 in11uence
the economic decisions of users taken on the basis ofthese financial statements.
The extent to which our procedures are capable of detscting irregularities, including fraud. is detailed below.
A further d8SCriPtion of our responsibilitie5 is available on the Financial Reporting Council's website at https=Il
www.frc.org.ukJauditorsresponsibilities. This description forms part of our auditorfs report.
other matter8
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 'Accounting
and 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 {FRS 102)" (as
amended) in preference to Ihe Accounting and Reporting by Charities.. Statement of Recommended Practi￿ issued
on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
This has been done in order for the financial slatem8nts to provtde a tnJ8 and fair vrew in accordance with currènt
Generally Acceptsd A￿OUntIng Practice.
Use ol our report
This report is made solely to the charity's trustees. as a body. in accordance with Part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees
those matters we are required to state to them in an auditor's report and for no other purpose. To th8 fijllest extent
pemiitted by law, we do not accept or assume responsibility to anyone Other than the charity and the charity's
trustses as a body, for our audit work. for this report, or for the opinions we have fonned.
Haings Watts Swindon Llmlted Isenlor Statutory Audltor
For and on behalf of Haine5 Watts Swindon Limited, StatutoryAuditor
Chartered A￿Ountants
Old Station House
Station Approach
Swindon
Wiltshire
SN1 3DU
Date..
2<2
10-

THRESHOLD HOUSING LINK
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THRESHOLD HOUSING LINK
Haines Watts Swindon Limrted is eligible for appointrn8nt as auditor of the charity by virtue of its eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006.
11

THRESHOLD HOUSING LINK
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
UnrKlrfctod Restrictèd
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Notss
Incomo from:
Donations and legacies
Charitable activities
other trading actiVFbes
Investments
20.767
1,594.307
769
4,429
20,767
1,594,307
769
4,429
28,978
1.372,922
17,659
4.044
28,978
1,372,922
17,659
Total Income
1,620.272
1,620,272
1,423,603
1.423,603
Expendlturo on..
Raising fijnds
Charitable activites
15.554
1.215,635
15,554
42,213 1,257,848
1.203,110
1,203,110
Total expendltur•
1,203,110
1,203.110
1.231,189
42,213 1.273,402
Net Incomo
417,162
417.162
192,414
(42.213)
150,201
Transfers betsveen
funds
4,826
(4,826)
8,572
{8,572)
othor rocognised
galns and Ioss05:
Revaluation of tangible
fixed assets
257.595
257,595
Net movement in
funds
10
421,988
(4,826)
417.162
458,581
{50,785)
407.796
Reconclllallon of funds".
Fund balances at 1 April 2024
1.711.624
4.826 1,716,450
1,253,043
55.611 1.308.654
Fund balances at 31 March
2025
2.133,612
2,133.612
1,711,624
4,826 1.716,450
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing actiwti8S.
Unrestricted reserve5 indude Designated Funds and the Functional Assets reserve. Free assets at the year end
were £643,362 {2024: £239,124).
12-

THRESHOLD HOUSING LINK
BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
Notes
Fixod assets
Tangible assets
14
1,406,578
1,445,492
Current assets
stock5
Debtors
Cash at bank and in hand
15
16
8,149
112,205
941,368
10,000
110,611
511,390
1,061,722
632,001
Credltorg: amounts falling due wlthin
one year
1125,8271
(139,919)
Net current assets
935,895
492,082
Total assats less current Ilabllllles
2,342.473
1.937,574
Creditor8: amounts falllng due aftèr
more than one year
19
(208,861)
(221,1241
Net assets
2.133.612
1,716,450
The funds of the charity
Restricted income funds
Unrestricted fijnds (including Designated
Funds and Functional Assets)
21
4.826
22
2.133.612
1.711,624
2,133,612
1.716,450
?a2S
The financial statements were approved by the trusts8s on.........................
Ms L Cattelain
Vice Chair of Trustses
13-

THRESHOLD HOUSING LINK
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operating activities
Cash ganarated from operations
443,523
211.379
Invostlng actlvltles
Purchase of tangible fixéd assets
Procèeds from disposal of tangible fixed
assets
Investment income received
(5,511)
(40,848)
2,492
4,044
4,429
Not cash used In Invostlng a¢tlvltle8
11,082)
(34.312)
Flnanclng activlties
Repayment of bank loans
{12,4631
(43,565)
Net cash used in financÉng activitlos
(12,463)
(43,565)
Not Incroase In cash and cash equivalents
429,978
133.502
Cash and cash equivalents at beginning of year
511,390
377,888
Cash and cash equlvalents at end of yoar
941,368
511.390
14-

THRESHOLD HOUSING LINK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policles
Charity Infomiatlon
Threshold Housing Link is a Charitable Incorporated Organisation.
1.1 Ba818 of proparation
The financial statsments have been prepared in accordance with the charity's governing document, the
Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
and the Charities SORP "Accounting and Reporting by Charities.. Ststement of Recommended Practice
applicable to charitres preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021" Th8 charity is a Public Benefit Entity as defined by
FRS 102.
The financial statements havé departed from the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure ha5 involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has Sin￿ been withdrawn.
The financial statements are prepared in stsrfing, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convèntion. Th& principal accounting
policies adopted are set out below.
1.2 Going concern
At the time of approving the financial Statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable fijture. Thus the trLStees
continue to adopt the going basis of accounting in preparing the financial statements.
1.3 Charitablo funds
Unrestrictsd funds are available for use at the discretion of the trustees in furtheran￿ of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restrrotsd funds are set out in the notss b the financial statements.
Endowm8nt funds are subject to specific conditions by donors that the capitsl must be maintained by the
tharity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any Perfo￿nan￿ condiknons have been met,
the amounts can be megsured reliably. and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations ar8 recognised once th8 charty has been notified
of the donation. unle55 perfo￿anCe conditions require deferral of the amount. Income tax recoverable in
relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an irnpending distribution.
the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a
contingent a55et.
15

THRESHOLD HOUSING LINK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng policies
(Continuod)
1.5 Exponditure
Expenditur8 is recognised once there is a legal or constructive obligation to transfer economic bène)It to a
third party, rt is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliabty.
Expendituré is dassified by activity. The costs of each activity are made up of the total of dir&t costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
actiwty are allocated directly to that activity. Shared costs which contribute to more than one acttvity and
support costs which 8re not attributable to a single activity are apportioned be￿en those activities on a basi$
nsistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of th8 asset's use.
1.6 Tangible flxod assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impaimient losses.
Depreciation 15 recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on th8 following bases..
Freehold land and buildings
Fixture5 and fittings
Computers
Motor vehides
So years straight line
3 years straight line
3 years straight line
3 years straight line
The gain or loss arising on the disposal of an asset is detemined as the difference behveen the sale proceeds
and the carrying value of the asset, and is recognised in the slatement of financial activities.
1.7 Impalrmont of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tsngible assets to determine
whether there is any indication that those assets have suffered an impaimient loss. If any such Ind￿tIOn
exists. the recoverable amount of th8 asset is estimated in order to detemiine the extent of the irnpaiThent
loss (if any).
1.8 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. C05t
mpri5es direct materials and. where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured the lower of replacement cost and cost.
Net realisable valu8 IS the estimated selling price less all estimated costs of completion and costs to b8
incurred in marketing, selling and distribution.
1.9 Cash and Cash gqulvalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-tenn liquid
investments with original maturities of three months or less, and bank ov8rdrafts. Bank overdrafts are shown
wÈthin bO￿owingS in current liabilities.
16-

THRESHOLD HOUSING LINK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
1.10 Flnanclal Instrumonts
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instrumenls Issues. of FRS 102 to all of its financjal instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrumenL
Financial assets and liabilities are offset, with the net amounts presented in the finanaal statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultan8ousty.
Basic financlal assets
Basic financial assets, which include debtors and cash and bank balances. are initially measuréd at
transaction price including transaction costs and are subsequendy Carried at amortised cost using the effectivé
interest method unless the arrangement constitutes a financing transaction. where the transaction is
measured at the present value of the fvture retsipts discounted at a market rate of interest. Financial assets
dassified as receivable within one year are not amortised.
Baslc Ilnan¢lal Ilabl1￿•S
Basic financial liabilities, induding creditors and bank loans are inittally recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rats of intsrest. Financial liabilities classified as payable
¥￿thin one year are not amortised.
Debt instruments are Subsequently carried at amorbsed cost, using the effective intsrest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within onè
year or less. If noL they are presented as non-current liabilities. Trade creditots are recognised initially at
transaction pri￿ and subsequenly measured at amortised cost using the effective interest method.
Derecogniti"on orrinancial liabllities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.11 Employee beneflts
The cost of any unused holiday entitlement is recognised In the period in which the employee s services are
received.
TeThination benefits are re¢ognised immediately as an 8xp8ns8 wh8n the charty is démonstrably committed
to temiinats the employment of an employee or to provide tsmiination benefits.
1.12 Retlrement benofits
Payments to defined ￿ntributiOn retirement benefft schemes are charged as an exp8ns8 as they fall due.
17-

THRESHOLD HOUSING LINK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Crltical accountlng osllmatss and Judgements
In the application of th8 charity's accounting policies, the trustees are required to make judgemerrts, estimates
and assumptions about the carying amount of assets and liabilitiès that are not rèadily apparent from othèr
sources. The estimates and associated assumptions are based on historical experience and othèr factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimatss and underlying assumptions are reviewed on an ongoing basis. Rewsions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects cnly that
perrod, or in the period of the revision and future periods where the revision affects b¢)th current and future
periods.
Incoma from donations and legacles
Unrastrictsd Unrostricted
funds
funds
2025
2024
Donations and gifts
Grants
20,767
25,978
3,000
20,767
28,978
Income from charttable activltleg
Unrestricted
funds
2025
Unrestrlcted
funds
2024
Foos from resldents
Servi￿$ provided under contract
1,594.307
1,372,922
Income from other tradlng a¢tlvltlos
Unrestrictsd Unrestrlcted
funds
funds
2025
2024
Fundraising events
Other income
505
17,154
769
Other trading activities
769
17.659
18-

THRESHOLD HOUSING LINK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Incoma from Investmonts
Unrastrictsd Unrestricted
funds
funds
2025
2024
Interest re￿1vable
4,429
Expondlturo on raising fundg
Unrestrlcted Unrestricted
funds
funds
2025
2024
Fundralsing and publicity
Staging fundraising events
Support costs
13,929
1,625
15,554
19-

THRESHOLD HOUSING LINK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expendlturo on charitable actlvltl8s
Supported
Supported
accommoda accommoda
tlon
tion
2025
2024
Direct costs
Staff costs
Depreciation and impairment
Consultancy
Insurance
Telephone and intemet
Advertising
Repairs and maintsnance
Bad debts
Propety costs
Stsff costs
So￿are & IT Support
Memberships
Bank charges
Sundry expenses
Mortgage interest
Rent
Light and heat
294,671
44,426
349,201
39,611
46,560
7.852
14,843
1.783
68.517
46.532
47,443
28,458
13.523
842
619
18,727
21.659
319,693
71.104
8,036
19,166
230
71.966
40,156
45,177
55.443
12,765
1,192
534
8,650
19.769
383,346
79,715
1,085,242
1,096,967
Share of support and governance costs (see nots 9)
Support
117,868
160,881
1,203,110
1.257,848
Analys15 by fund
Unrestricted funds
Restricted fvnds
1,203,110
1.215.835
42.213
1,203.110
1,257,848
-20-

THRESHOLD HOUSING LINK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs allocated to acllvltles
2025
2024
Rates
Professional fees
Premises rent
27,802
59,777
30,289
28,284
95,415
38,807
117.868
162.506
Analysed botween:
Fundraising
Supported a¢xommodation
1.625
160,881
117,868
117.868
162,506
10 Net movement In funds
2025
2024
The net movement in funds is stated after chargingl{crediting)'.
Fees payable for the audit of the charivs financial statements
Depreciation of owned tangible fLxed assets
11.760
44,426
11,400
39,611
11 Trustees
None of the trustees (or any persons connected with them) re￿iVed any remuneration during the year. but the
harity covered trustee meeting expenses of £146 (2024- trustees reimbursed £nil)-
In the year. one trustee received commission worth £48 when the charity changed utilities provtder. The
ttustee was not involved in the decision making to change the provider and the decision was made entirely by
thè CEO. No commission was earned in 2024
12 Employees
The average monthly number of employees during the year was..
2025
Number
2024
Numbor
11
Employment cogts
2025
2024
Wages and salaries
Social security costs
Other pension costs
259.344
20,942
14,385
324,341
19,625
5.235
294,671
349,201
-21

THRESHOLD HOUSING LINK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Employees
(Continuod)
The number of employees whose annual remuneration was more than £60,000
is as follows..
2025
Number
2024
Numbor
£60,000 to £70,000
Remuneration of key managomont per80nnel
The remuneration of key management personnel was as follows..
2026
2024
Aggregate compensation
140.658
150,350
13 Taxation
The charity 15 exempt from tsxalron on its activities because all its income is applied for charitsble purposes.
14 Tanglblo flxed as8ets
Fr•ohold land Flxturgs and
and bulldings
flttlngs
Computers
Motor
vohlclos
Total
Cost
At 1 April 2024
Additions
1.412,500
30,913
5.511
17,430
8,572 1.469,415
5,511
At 31 March 2025
1,412.500
36,424
17,430
8,572 1.474,926
Depreclatlon and impalrm8nt
At 1 April 2024
Depreciation charged in the year
11.956
9,560
10.061
3.759
1,905
2.857
23,922
44.426
28.250
At 31 March 2025
28,250
21.516
13,820
4,762
68,348
Carrying amount
At 31 March 2025
1,384,250
14,908
3,610
3,810 1,406.578
At 31 March 2024
1,412.500
18,956
7.369
6,667 1,445.492
15 Stockg
2025
2024
Finished goods and goods for resaie
8.149
10.000
-22-

THRESHOLD HOUSING LINK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Debtor8
2025
2024
Amounts falling due wlthln ono yoar:
Trade debtors
Other debtors
Prepayments and accrued income
56,079
2.910
53.216
78,330
2,900
31,381
112,205
110,611
17 Loans and overdrafts
2025
2024
Bank loans
218.118
230,581
Payable within one year
Payable after one year
9,257
208.861
9,457
221,124
The long-term loan was secured against freehold property held by the charity
The loan was repaid earfy in full in May 2025
18 Crgdltor8: amounts falling due wlthln one year
2025
2024
Notss
Bank loans
Trade creditors
Other creditors
Accruals and deferred income
17
9,257
60.267
2,660
53,643
9,457
40,950
3,149
86.363
125,827
139,919
19 Credltors: amounts falllng due after moro than one year
2025
2024
Note5
Bank loans
17
208,861
221,124
20 Retlremont benefit schemes
2025
2024
Defined contrlbutlon schem05
Charge to profft or loss in respect of defined contribution schemes
14.385
5.235
-23-

THRESHOLD HOUSING LINK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Retlromant benefit 8ch8me8
(COn￿nUed)
The charity operates a defined contribution pension schema for all qualifying employees. The assets of th8
schème are held separatsly from those ofthe charity in an independently administered fund.
21 Rastrlcted funds
The restricted fund5 of the charity comprise thè unexpended balan￿$ of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 Aprll
2024
Resources
expendèd
Transfer8 At 31 March
2025
Threadneedle
A Chance to Change
2.000
2.826
(2.000)
(2,826)
4,826
(4,826)
Provlous year:
At 1 Aprll
2023
Resources
expended
Transfers At 31 March
2024
Threadneedle
A chan￿ to Change
Nationwide Night Watch Project
6,500
4.111
45,000
(4,500)
(4,111)
133.6021
2,000
(8,572)
2.826
55,611
(42.213)
18,572)
4,826
22 Unrestrlctod funds
The unrestrictsd fijnds of the charity comprise th6 unexpended balances ofdonations and grants which are
not subject to specrfic conditions by donors and grantors as to how they may be used. These include
designated fvnds which have b88n set aside out of unrestricted funds by the trustees for specific purposes.
At 1 Aprfl
2024
Incoming
rosources
Resources
gxponded
TransferJ At 31 March
2025
Designated IT replacement fund
Designated major repairs fund
Functional Asset reserve
General funds
10.000
50.000
10,000
96,000
653,898
643,362
46.000
653.898
(695,072)
921,272
1.620,272
(1,203.110)
981,272
730.352
1,620,272
(1,203.110)
4,826
1,403,260
730,352
Revaluation reserve
-24-

THRESHOLD HOUSING LINK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
22 Unre3tr1ctsd funds
(Continued)
Provious year:
At 1 April
2023
Incoming R050urcos
rosouKoS
expended
Transfers At 31 March
2024
IT reserve fund
Designated majorfvnd
General funds
10.000
50,000
720,286
10,000
50,000
921,272
1,423.603
(1,231,189)
8,572
780.286
472,757
1,423,603
(1,231,189)
8,572
981,272
730.352
Revaluation reserve
The Functional Asset reserve consists of property assets essential to the delivery of charity's aims. As such,
as permitted under Ihe Charities SORP, the value of these assets do not form part of the chanty's free
reserves. The total value of the fvnctional asset reserve as at 31 March 2025 is £1.384.250 and consists of a
designatsd fvnd balance of £653.898 and a revaluation reserve relating to these assets of £730,352
The designated IT replacement fund has been set aside for the replacement of the charity's IT systsms.
The designated major repairs fvnd has been set aside for planned renewals and refurbishments in line with its
planned rna1ntsnan￿ programme, and in order to ensure that the charity is able to meet its maintena
obligations on its leasehold properties.
23 Analysls of not assets between funds
Unrestrlcted
funds
2025
Restricted
funds
2025
Total
2025
At 31 March 2025:
Tangible assets
Current assetsl{liabilities)
Long tem liabilities
1.406.578
935,895
1208,861)
1,406.578
935,895
{208,861)
2.133.612
2,133,612
Unroslrlcted
funds
2024
Rgstrtctsd
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current assetsl(liabilities)
Long tom liabilities
1,445,492
487.256
(221.124)
1,445,492
492,082
(221,1241
4,826
1.711,624
4.826
1,716,450
-25-

THRESHOLD HOUSING LINK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
24 Relatsd party trdnsactions
There were no disclosable related party transactions during the year {2024- none).
25 Cash gonoratod from oporations
2025
2024
Surplus for the year
417,162
150,201
Adjustments for:
Invesbnent income recognised in statement of financtal activities
Depreciation and impaimient of tangible fixed assets
(4.429)
44.426
(4,044)
39,611
Movements in working capital".
Decreasel{increase) in stod(s
(Increase) in debtors
IDecrease)fincrease in creditors
1,851
(1.5951
(13,892)
(10,000)
(64,078)
99,689
Cash generated from oporatlons
443.523
211,379
26 Anaty8ls of changes In netfunds
At 1 Aprtl 2024
C￿h fl0*sAt 31 Mar¢h 2025
Cash at bank and in hand
511,390
429.978
941,368
Loans falling due wthin one year
Loans falling due after more than one year
(9.457)
(221,124)
200
12,263
(9.257)
1208,861)
280.809
442.441
723,250
-26-