REGISTERED IN ENGLAND COMPANYNO 02854784 THE PURFLEET TRUST RESETTLEMENT PROJECT (KINGYS LYNIN) LIMITED (LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCtAL STATEMENrs FOR THE YEAR ENDE4D 31 DBCENIBER 2024 REGISTERED CFIARITY NO 1037276 THB PURFLBET TRUST RESETTLEMENT PROJECT (I(ING'S LYNN) LIMITED Trustees Mr B Colson Mrs S P Dossetor Mr R Johnson Mrs L Gore Miss V E L Newton Mr A Taylor Resigned 9 May 2025 Appointed l October 2024 Resigned 29 Janiiary 2025 Charity number 1037276 Company number 02854784 Prlneipal address Pathway House Austin Fields Industrial Estate Kings Lynn Norfolk PE30 IPH Registered offjce Pathway House Austin Fields Iiidustrial Estate Kings Lynn Norfolk PE30 IPH Aceountant5 Clenshaw Minns Cliartsred Accol￿tantS King's Lynn Innovation Centre I Innovation Drive Kings Lynn PE30 5BY Banliers TSB Banli PIC l Tuesday IVIarket PLace Kings Lynn Norfolk PE30 IJU THE PURFLEET TRUST RESETTLEMENT PROJECT (KING'S LYNN) LIMITED Page Trust¢es' report Statement of TrLL8te¢s' responsibilities ndependent Examiner's report Statement of financia] activities Balance sheet Notes to the fu￿}01a1 statements 8-12 Detailed trading profit and loss account 13- 15 THE PURfLEET TRUST RESETTLEMENT PROJECT (KING'S LYNN) LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their anniiaj report and accounts for the year ended 31 Dec¢inber 2024, The financiaI statements comply widi the Charities Act 2011, the Companies Act 2006, the Memorandum & Articles of Association, and tlie Statemeiit of Recommended Practice- Accoiffiting and Reporting by Charities (SORP 2019). Objects of the eharlty Ile company is a registered charity and its objects are providing r¢li¢f for li0￿elesS people. The organisation provides a range of community support services designed to meet the individual needs of eacli person. Review of activities The company's principal activity is providing relief for homeless people. Trustees The directors of the charitable company (the charity) are its trustees for t1￿ purpose of charity law and througliout tlie report are collectively referred to as the trustees. The trustees who served during the period are as follows: Mr B Colson Mrs S P Dossetor Mr R Johnson Mrs L Gore Miss V E L Newton Mr A Taylor None of the trustees has any beneficial interest in the company. All of the trllstee8 are members of die company and giiarai)tee to contribiite £1 in the event of a winding up. Coing Concern The Triistees have carcftilly considered all available information on Ihe finances and operations of the company for 12 months from the time of approving these financial statements. In particiilar they Iiave had regard to information from budgets and forecasts for income, expenditLire and cash-flow, including the availability of unrestricted funds and reserves, credit facilities aiid any other forms of financial assistance. Taxation status The coinpany is a charity and qualified for relief from corporation tax under Taxes Act 1988, section 505. Consequently no tax liability arises. Review of financial position The company's financial activities are set out on pages 5 to 12. THE PURFLEET TRUST RESETTLEMENT PROJECT (KING'S LYNN) LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Reserve Fund Strategy The Trustees have reviewed the reserves of th¢ cliarity. This review encompassed the nattii'e of the irtcome and expenditure streams, tbe need to match variable income with f￿¢d cotnmitments and the nature of the reserves, The Trust¢es concluded that the charity has sufficient resources and future In￿Me streams to cover its ongoing commitjnent for the foreseeable htur¢. The Trustees have also reviewed the reserves in line with the Company's commitrnents in the event of the Company having to cease trading and aim to maintsin mini]num cash reserves of at least 3 months overheads. Tlie charity has Ullrestricted funds of £54,510 to Carry forwèlld for general use at the year end. Public Benefit ststement In planning Qui. activities for the year we kept in mind the Charity Commission's guidance on public benefit at our t￿￿tee me¢tings. On behalf of the Board 1117115 Mr R Johnson - Chairman Date THB PURFLBET TRUST RESETTLEMENT PROJECT (KING'S LYNN) LIMITED STATEMENT OF TRUSTEES, REsPONsIB￿IT[Es roR THE YEAR ENDED 31 DECEMBER 2024 The Law applicable to Charitable companies requires the trustees to prep8Je financial stateinents for each financial period which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the p¢riod. Ill preparing financlal stat¢ments giving a true &id fair view, di¢ trl￿te¢S should follow best practic¢ and,. select siiitable accounting pollcies and then apply them consistently. make judgments and estimates tlvat are reasonable and Prudent. prq)are the financial statejnents on the going concern b8sis iinless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping accoimting records whicli disclose with reasonable accuracy the finanoial position of tlie charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the fu￿)01a1 statements comply with Coinpanies Act 2006. They are also responsible for s&feguording the assets of the cliarity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities, IHB PURFLEET TRUST RESETTLEMENT PROJECT (KING'S LYNN) LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PURFLEET IRUST RESETTLEMENT PROJECT (KING'S LYNN) LIMITED I report on the accoiints of the charitable company for the year ended 31 December 2024, whioh are set out on pages 5 to 12. Respective respop7sibillti8s of trustees and gxamingr The charity's trustees are responsible for the preparation of the accounts. The ch¥yity's truste¢s consider that an audit is not reqliired for this year under seotion 114 of the Charities Act 2011 (the ClTrrities Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act, to follow the proceduies laid down in the General Directions given by the Clwity Coirjmissioners (under section 145(5)(b) of the Charities Act. and to state whether particular matters bave come to my attention. Bayls of Independent examiner s report My examination was carried out in a¢oordan¢¢ with the General Directions given by the Charity Commissioners. An examinatÉon includes a review of the accounting records kept by tlie charity and a oompaTison of the accounts presented with tliose records. It also in¢liides oonsideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procediues undertaken do not provide all the evidence that would be required iii an audit and consequentlyi no opinion is given as to whether the accounts present a 'true and fair, view and th¢ report is limited to those matLers set out in the statement below. JndepeAdenl exa7lliFter's statement In connection with my examinatioffj no mattr lTrs ￿me to my attention.. (l) which gives me reasonable cause to believe tI￿t, in any material respect, the reqLiirements'. to keep accounting records in accordance with Section 130 of tlie Companies Act. and to prepare accounts which accord with the accounting records and to Comply witli the accounting reqiiirements of Section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recotnmended Practice: Accounting alld Reporting by Cliarities have not beell Jnet. or (2) to whicli, in my opiiiion, attention should be drawn in order to enable a proper understandi1￿ of the accounts to be reached, Clenshaw Minns Chartered Accolintants King's Lynn Innovation Centre I Innovation Drive, Icings Lynn, Norfolk PE30 5BY Gavin Mlnns BA (Hons) FCA Date.. 11.17..Il5 THE PURFLEET TRUST RESETTLEMENT PROJECT (KING'S LYNN) LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 3111212024 Unrestricted Restricted funds funds 3111212023 Total funds Incoming vesoure&y Housing income Fundraising Training income Client luncli incoine Grants Garfield Weston grant Counselling services Wareholise donations and grants Social supermarl Postage and stationery Advertising Telephone Computer costs Motor expenses Legal and professioiial Consultancy Accountancy Bank charges TrLiStee expenses Sundries Fundraising Subscriptions Depreciation 574 255 4,211 8,144 1,441 74 4,841 944 169 153 106 574 255 4,211 8,144 720 74 4,841 944 169 153 606 3,003 1,662 6,148 1,860 74 1,971 5,296 2,521 74 2,694 944 118 iii 102 192 754 231 1,467 1,824 2,747 2,521 3,239 2,051 12,217 24,331 7,203 222 15,002 2,832 579 528 814 3,576 4,998 12,296 2,626 123 i li 381 920 1,662 6,148 28,722 31,504 16,711 12,951 89,888 Matllg¢ment charge (50,000) 25,000 25,000 Surplus of income over expenditure for t.he period (2,112) (676) (68,820) (2,764) (74,372) 15