Registered Company No. 2846784 Registered CharAty No. 1040208 Haven Tyneside Ltd (by guarantee) Financial Statements for the year ended 31 March 2025
Haven Tyneside Ltd (by parantee) FinClaI Statements for the year ended 31 March 2025 Contents Page Legal Administrative Inforniation Trustees, Amiual Report Statement of Financial Activity Balan Stt Cash Flow Statement General Income and Expetmjiture A(Yount io Notes 12 Independent Alt01S Report 18
Haven Tyneside Ltd O)y guarantee) Legal and Administrative InforniatioD Company NumlKT 2846784 Charity Number 1040208 Trustees/Director5 I Gill N Shukla M Ferguson PJRice S Cannell R Hewitson S E Trueman R HewitsoD Registered Office I l Regent Terrace Tyne and W NE8 ILU Barclays Bank plc 6 Market Place Durha DHI 3ND Auditors Azets Audit Services Bulman Ho Regent Centre Henry Street New¢astle upon Ty 33LS
Haven Tylleside Ltd (by guarantee) Trustees, Annual Report (Ineorpornting the Directors, Report) for the year ended 31 March 2025 Administrative hfDrnia(hA CbaYi¢•bl¢ ¢thjtttives Haven Tyneside tAd ts ¥vned by its Memor•th Ind Arti¢k8 ofAss(Kiatith. These st thatthe e(Mnpany¥ maill objeciive is to 89sisI person5 identified &8 havioghousiog needs asdefined byHousiftg A&sociation TrgtSIilAl. Polieies to fllrtlkero•r objeedv The chaTity s al5 and objectives xre set out in the bsin plao atwj tkn strateBie5 forachieving these objeA1v are ro1 mapped in a five-yearsiT¥l¥gir pkn. ChamEfS ID litIeS Thue hllye been Doiknw in policies. DeS¢ripD of the orgaAiuth)A Th¢ Lxxhpany is limited by gtthrty Thit having ashare wital. tn the event orawitIng up the liability of memirr i8 limited to an amount nos exieding £1. l Gill- Appointed 14thJanuJry 2025 N Shukla PJRic£ S E Truemao S CannEII M Sioney ILesiglltsl 8" July 2025 I M¢kiMtoth Rc5i8uryI 15" Oi*ober 2024 However. theday-fo4hy dejegth lo the Chief Officer. B Watson. an inductioll cffle training fornewrnejnbers. P4blic beNefit The trustees (who ar¢ also the direc ofHaY¢ll Tyneside IAd forthe of cOMpY law) thattheyhave plied wih the requirementtohave due rewd to the guidCe oll publicbenefit issu¢d by the Charity Commi&8ion tti exer¢Asing aThJ dutiesin Trlthion to the activities ofthe tharity during the year.
Haven Tyneside Ltd (by guarantee) Trustees, Annual Report (Incorporating the Directors, Report) for the year ended 31 March 2025 (eontinued) Criterla and nwdwres to &utte8$ Th¢ annual perfOte criteria aty set out iti the L)cal Authority tender contr The ¢omJnissioniTrg b(Alies perf(v ngemert. The iDlanally mlIorperfonC¢ on a quarteAy and aal b&8is. rewtsDg in fjjll to the BrAr Swmm•ry ofa¢hiev¢me R¢ducitig pov¢ty forits r¢sidents by nXimln8 tbeir1nmtAtsÈfits e(pipping them money haThl]ing fuI14ime emp]oyinL Employment poli ED4)loyee saknies are Ntl)a1 Joint CourcJl pay scale. The hav¢ set up a Eisk register and WTII tt¥)nitor iisks with a (x)knJr SCI¢ of grea4 atllber and Ted tske the OPPADpii *t[Onn¢¢ At th¢ mom¢JJt w¢ b¢Ji¢v¢ there ar¢ major areas of wnttrn. Th¢ $14ff at Hav¢n in a )sition whve they (¥D covff for¢acb other in th¢ ¢v¢ntof illnes& Jn anextr¢m¢ ¢tn¢rgthcy a8eo¢y #aff with th¢reJevaot eXperiae wcrtdd be Ixougbt in. A d¢tsil¢d fiatema81 h&$ been pr(xlu¢ed whtth would sweone to carry otrt the financial duttes ifneed be. At this moment of time Haven rIdellts are recelving fidl suptKTrrL R¢8erY&4 pojiry llJ¢ T¢S¢ry of the company healthy ]U0n 4Dd maintsijjal Iw¢l inorderto etLwrEthe L¥)nl1TllJ numi of the Sh the grants b¢ reduced ortta8ed for to five yews. Thr¢¢ huThJred thousalba$ been ¢•nnark TrMst¢¢s' respomslbilltl Th¢ trttstees (who are the dI¢t0 of Haven Tyneside Ltd forthe LY)Mp18w) are Trsponsible for prewing c1panY law require5 the trustees to pJryTrare financial statements for eath financial year. Undff IxNDpaDy law the iTUSteeB approv¢ th¢ fillClaI stst¢n)ents urn1 they or¢ s8tisfi¢d that th¢y giv¢ a trn¢ and fatrvi¢wof the srote of offoirs of the ChItable 1xwY forthaperi(Nl tn pwitw these financial sta1ernen the trnstees are Tequired to: sekct slliitable poli¢ie& and then aFyty &)tiSistty. observe the meth(Mts armlpiinciplcs in the alIti&$ SORP2019 IFRS l(r2I, pware the financial statements on the going (¥mczJn b&%is it is inaFympriate to pn$u that the charithble
Haven Tyneside Ltd (by guarantee) Trnstses, Annual Report Uncorporating the Directors, Report) for the year ended 31 March 2025 (continued) fjnancial pisition ofthe charitabk cThJpany aThJ uJabJ¢ themto ensu that the fmaDcial 8temcnts cojnply with tbe Compantes Act 2006. They are also resp(wbl¢ for safegwding tb¢ assets of the charltsbk cunpany andkKnce for taking reasonable steps for theprevention al d¢t¢ctsoll of fraud and other inegularities. Review of FpHanc¢s Expla•don of the Statement of Finx•cl Aetiyibes 2lld lh¢ pplili •f fulldg Gemerxl fund charg Re¥the re hirth#U Yearth an in housing on all pr(IrtI%alldthe ocowaD¢y leyels Iing iti exo63 of10(Vo in some pr(wtic& bed¥aC generated an extra £21482 ofr¢venue follows: Suntsland Rth Rothbwy Terr 127 21355 22.482 Voids showrd a105s of £13.044 against a bw loss of £41J09 nllinly due to ¢m¢¢Y spacu Al RothbY Ivhik the Citywfftde grallt is ¢xpeLed to remain ne4rfy the same fornext yearthe SWing Pa)ple gmt ctwl from Novemkn llt 2024. Howithg espwdithre Totsl staff costs £394,416 were slightly loThrrthan last year £394.705 to wiog less agency W0CEs. MMgem¢nt wnd dTrTniStratiou Use of assets The ¢panY owls fowproEKrties in Newwtl¢ wjd one piijperty in Gat&qhead that account for most of the large amountof dq)reciatioD i&aTg¢ The Tunaints of the g)tnpaTky¥ assets CA)nsist ofoffice furniture alld equipuwiL The nature ofthe ¢panY'S a(lIyftti is su¢h that quipnM)t for w by th¢IdentsmSt frequently be YEpaed orry1aL1 ond this is sFM)wn a rn¢nue ¢Ape5¢ ID the inrne 8t]d expefylilure account. Fu¢ur¢ pln8 TheNewta41¢ Citywryde tra¢t has beell exteDdedto May 2025 wd we are wailing to sign when we agree th¢ The SUp[g P¢oples grant ceas&l on 1st Nov¢n*r 2024. Haven have18id 8rouod plans for the of thr¢ flats in Gal¢1. for£87,692 will let fiDm November.
Haven Tyneside Ltd (by guarantee) Trnstees, AllDual Report Umcorporating the Directors, Report) for the year ended 31 March 2025 (Continued) r¥1 deptodtnce Thc wmpany 37 beds in Newcastle 19 IKds joGat&th &5 part of a group led by Stonhatn Housing Association Lld aud five proirrties with a totsi of10 IxxL% in its. righL Trvnding is PTDVidI by meaDS of Citywm HOM¢1 ContraL administrrtd by Home GtDupL R¢vkw of nlathTrfflships with other orgatsffj¢wMs Stonhm Hov8ingAwcition Limited Glesld co¢ Resldcntial properties are managol on behalf ofGatesbel C¢11. Nortbumbria Community Rel1b111IlDll Of the available bed 26 arc rcseTred for ex-offenders T¢f¢ed by Northumbria ComtnuDity Rehabilitatx)n Con4)atty IfonJJwJy Northwnblia PmbatAoJJ Sejvice). We. the directots uf th¢ L¥)rnpaDy who held offiLY 4t thedate of approvaI of Financial SlatED]CDts cath (%mfin4 so far as thffe is no relevant audit 1nforllknt ofwhich the thaTitabk (x)mpanys aulItn urWWd. and r havc taken all tbe Sty th8t Me ougbt to bave as dirtOrS in Ord to mak¢ ourselvas awar of •y relevaDt audit inforntiOn and toestablisb thal lh¢ avItOrS are awoff ofthat infonnatiOD. Small compny provtsitios ALt 2006. This Irixirt was approved bi. th¢Bo4rd ofjDiRrtors 14 Ortotr2025. I l Ret Tcm Gateshead Tyne Wear NE8 ILU
Haven Tyncside Ltd O)y guarantee) Statement of Financial Activities for the year ended 31 March 2025 2025 Totsl funds 2024 Totsl funds Notes fllnd Income from Donations and legacies Charitable activities 4,750 1,545,632 7.196 4,750 1,545,632 7,196 15,800 1.465,711 5.989 Totsl Income 1,557.578 1.557,578 1,487,500 Resourtts expended Charitable activities 1,421,506 1,421,506 1,338,737 Total resourcts expended 1,421.506 1.421,506 1.338.737 Net IncoJJ]in(OutgoIllg) resources for the year 136.072 136,072 148.763 Brought forward at l April 2024 1.538,615 1,538,615 l J89.852 Caffied forward at 31 Mh 2025 1674 687 1,674,687 1538 615 All ftncome and expenditure derftve from continuing 1VItie
Haven Tyneside Ltd (by guarantee) Balance Sheet as at 31 Mydrch 2025 2025 2024 Employment of pital Fixed assets Tangible asscts 197,295 230,876 Current ats Debtors C&8h at bank and in hand 79,305 1.418297 .497.602 71S¥)6 1266.081 lJ38,987 Creditors: Amounts falling due within one year 20.210 31248 Net eurrent assets 1,477,392 1,307,739 Totsl assets less current liabilihes 1.674.687 1,538,615 Thebalallce sbeetcontinuescn the folloiving pBg
Haven Tynoside Ltd (by guarantee) Balance Sheet as at 31 March 2025 (colltiDued) 2025 2024 DeSIted fimd General untEStricted funds 12 12 300,000 1.374,687 3,{mI0 1,238,615 1,674.687 1538.615 The finanL7al statcmCJ on pagcs 6 to 17 appmved by Ihe dirrctots aftd auihLviscd for1 on 14 Odolxr2025 )d are signed on theirbehalf by.- i Gill Dire(or ReSleEa Company No. 2846784 R¢gisteRd No. l(140208
Haven Tyneside Ltd (by guarantee) Cash Flow Statement for the year ended 31 March 2025 2025 2024 Cash flows fr¢xn Operati activltles Operating profit for the financial year Adjustments for DeweciatI of prom. plant and equipment Int¢rest received Profit/(loss) on diswtsal prnpwty. pIant and equipment Decre&s&(incre&8e) in tTade and other receivables Increase/(decrease) in trade payables 13A072 14&763 36510 (4.750) 33.167 (5.989) (6.399) (11,039) (23.726) (Il228) Net cash fiow from operatiDg athities 150,394 139,987 Cash flow from investing a¢tivilies Purchase of wopety, plant and equipment Prncttds from sale t2ngibFe fixed a&sets Inlerest received Net rash flow from investiDg aclivilies (2,928) (12.470) 4.750 5,989 (6.481) Net iDcreaseJ(de£rease) in cash and c&8h eq•ivaleDts 152.216 133506 Cash aNI cash equivalents at the IKgInni of the 1.266,081 1,131575 Cash and cash equivalents at the end oftheyear Incrttsd(dttre&se) In cash balance 1,418,297 152216 12(6081 133506 13
Haven Tyneside Ltd (by guarantee) General Ineome and Expenditure Account for the year ended 31 March 2025 2025 2024 Housing Income Clwges receivabje (availabje bedsp) Emergency bedspaces 1,428,934 22,482 1.451,416 {13,044) 1267,586 40,862 I J08,448 .25.766 Voids Charges e1Vable (occupied bedspaces) ,438J72 1,334214 Supporting People Grant Citywide Homeless CoJrtTact 35,OC(I 72260 1,545,632 71,497 1,465.711 Housing expellditure Cbaritable expenditure (1.421.506) (1,338,737) Housing surplus for the year 124.126 126,974 Other income Donations Interest reIved 4.750 7.196 15.800 5,989 11.946 21.789 SUrplu(defiCjt} for the year 136,072 148.763 io
Haven Tyneside Ltd O)y guarantee) General Income and Expenditure Account for the year ended 31 Mareh 2025 (continued) 2025 2024 207,395 39,755 11559 2£640 17,481 27.570 11.874 2.757 5,597 24.914 4225 381767 7.113 15.122 4Q593 15.183 Heat and light Cleaning Fo(Ml To&letrfftes &391 21.483 38910 1522(K) 1937 13.362 lj157 Svnthies 16 Housing Asx)ciation w¥Krt.v ¢hffBe 717,174 Bad debts 148.847 3.702 10.667 10.809 8,565 638377 13i93 21,7rt) 24,164 21.949 080 OiTr¢ha alld Ji 638 3VIO 1_618 33.166 77 7J52 5.543 11.846 876 5.188 1,019.357 934.840 Govern*Bce ¢0sts 1,665 iQ594 &981 21240 &166 11256 21,130 Totsl ¢knwitable tindtty¥t 1:421J07 1.33&737 li
Haven Tyneside Ltd (by guarantee) Notes to the Finaneiydl Statements for the year ended 31 March 2025 Auwunting policies GeTrerl IDf•nMtioD and bAsts of PTepArtio Hav¢D T)de IAd is a charitoblt compary limited by gurntee in England alld Wate& tn the eve rfthe con¥w wound the liabibty iti respect ofthe guarattt¢e is litDited to £1 ptrmember of the o)mpany. The th. of thcregistered offiL% is provided in the thillistrntsve infthynatiott on page l. The LpanY'S ntsin objective isto lstper idefflitsj as Iwving housing special needs as defined by HousingAs%)ciion l¢gisl&ion. The charity 1XstitU8 apubli¢ inefit entity as defined by FRS 102. Th¢ fiDCIal statements have beenpryared ill pTepaTft aclow Rn acEda( with thoTrinancial R¢tthing SfaKlard applieabl¢ ill ts UK andRyblic of Ireland IFRS102 effertrve l Jaujary 2019A the mla1 Reting SkndaTd appJithIe in the IJK &MI ReythlicofItEI (FRS102X (JAnpjeSAtt 2IMI& (kntsal fim(L8 are unrestrided fuDds that are availabl¢ at tb¢ dis(Yetion ofthe in the fithberatt ofthe gencral obJ'eLiYogofthe iknity. h¢ b¢¢n raised by the thaity forp0AI(xarpury)oses. tem of the grant ty d(malion arenot sp¢¢ifio tbey wereLX)gnised iti thepttiod iD 1¢ they are reiyived 18 rec4)gnised the djarity is legally entitled to itafter wrorn)an L)xditionshave the am(Amts be me&sure4J rel1>1y. it is pnthblc th&th¢ in(•me wAll be tlYAL year. isreu}g1Kd ID the Statement of faclaI Athivity io the p¢ri(Klto it Resou wend&l inbluded in th Statanent of Adivities on x¥xuals ]llL1]Ve of any VA'I. ld) F1aoci iAs¢rMmtnts FinanciaI ilLS[nts are classifiefj and a¢uted for Ac(xdIng to the subthce of the wntracthal mttgetn¢nt a5 financial as8¢ts ofthe a}mY after(knludllig all of its liabilities. 12
Haven Tyneside Ltd (by guarantee) Notes to the Finaneial Statements for the year ended 31 March 2025 (continued) B*sit fiuntial li%bikne5 Tr•1¢ ¢rcditOK5 djligationstopay forg(Kds and serviLK5 thal have bll acquir[ in the ordiw of (ver10S from 8Uppli5. AnNNJntspayable are da5s¢d as wr¢Dt liabiliti ifpaynKth isduewthin l yearor k&8. B&sic fmancial liabiliti including edIt( initiaity tr£wised Pri Unless the ardDgowt (wLwlilut&8 a fmanciDg tkpreciatioll of fiwl as5ds is to writeoff theiroi& less reS1th volu¢ ov¢r ¢S¢1m us¢fyl lives follows: FhId prottTty 4Aannm straight line 25%ptt stiaight line of salary bas1& These contiibutions are charged to theincome andexpelldltiE aciY>unton anM)nthly b19 aq they become payable acwrdance Trith then£8 ofthe individual pla. Income from dollatlons and Iy¢its Umrestricted Funds 2025 2024 Donations 4,750 15.8 4,750 15,800 Income from charitsble activities UDrestricted Funds 2025 2024 Housing income Supporting People grant Citywide Homeless contract 1.438.372 35.000 72260 1.334.214 60.000 71.497 1,545,632 1,465,711 13
Haven Tyneside Ltd (by guarantee) Notes to the Finaneial Statements ror the year ended 31 Mareh 2025 (continued) Income from investments UnrnsÉriLd Funds 2025 2024 Interest re1ved 7,196 5.989 7,196 5,989 Direelors and employees 2024 Staff eosts Salaries Cinchjding agency staff) Social clty c(tsts Other pensi(m costs 345.766 346.815 29.888 18,(M)2 394,705 15.666 394.41 6 Stsff numbers No. No. Other 12 19 £60.1 - £(Q.¢MN). £7110 Totsl salay and empknymeatb¢fits receiv bykey MaRagffltPeTn during the year arno to £68.768 {2024:68.074) plus pension contribution$ of £3.460 (2024: £3.179). Direr¢or4 £165 12024 £1,607) l¢b was fortrA)ard meetings aDda christiMe81. The ¢ompwry makes contributions to anpkny¢es' r¢MJal pension pla8. The pthsion thaTg¢ repRwtts (x)ntributionspaid to the iDdividuals pem81 pla$ dwing theyear ended 31 Marth 2025 and at the bal(% sbeet d there were prepaid or outstanding LrAb1(. 14
Haven Tyneside Ltd O)y guarantee) Notes to the Financial Statements for the ye8r ended 31 March 2025 (eontinued) T4ngible fixed a55ds Ing leehold Freehold Flxiures and proFrty protrty eyipment Minibus Total 01-Apr-24 .4dditions 366.571 209229 81.309 25.176 682.285 2,928 31-hXar-24 366571 21Y)229 25.176 685213 DepreeiAtioll 01-Aw_24 Charge for year On disp&ds 230.266 14.780 143,359 52.(K17 25,176 451,408 36510 31-Mar-25 245.046 151.580 (&116 25.176 487.918 Net book valu¢ 31-fvfar-25 121525 136J05 57.649 18.1?I 197295 31-Mar-24 65,870 28.702 Debtors: Amounts falling due within one ye*r 202S 2024 TT&Je debtors Prepayments and acffld income 41.026 3&279 42,984 29.922 79J05 72.906 Creditor8: Amounts falling dut wlthln one ye2r 2025 2024 Trade creditors Accnthls and deferred iwAKne (Xher taxation and social security 1299 29,949 20210 31248 15
Haven Tyneslde Ltd (by guarantee) Notes to the Finaneial Statements for the year ended 31 March 2025 (continued) At 31 M4Tch 2025 th¢ total fu1urnI1rnu payments wNl¢r n(x)*anLYllabJe operdtiDg lea were &8 follow5: Lond #nd Buildings 2025 2024 Expiring: Within one year 19.054 between two and five years 71,452 io. ReIat¢d rty transaetlfrns There areno rclated paty trnnwli(VLS th117ng thc year orth¢ pr¢vi(ws year. ii. Analysis of net gssets betw¢en th¢ ll$ 2025 Unreslricted Funds 2025 2024 Unrestricteql Fund5 Tot21 Total Tangible 197295 197,295 230.876 230.876 Net current assets 1.477J92 1.4773y2 1.307,739 1.307,739 1.674,687 1,674,687 1.538,615 153&615 12. Funds I" April 2024 Incomlng Resources Resources Expended 31st March 2025 Transfers General unrestrfcted fvnd 1,238.615 1,557,578 11,421,506) 1,374,687 Desi nated funds Property investment 300,000- 300,C Totsl unrestricted funds 1538.615 1.557,578 (1,421,506) 1,674,687 flats. Tr th5ton¢ pJrch&8¢d in SeptembEr 2025 atacostof 86L 16
Haven Tyneside Ltd O)y guarantee) Notes to the Financiaj Ststements for the year ended 31 March 2025 (continued) Funds- prfor year l April 2023 Incoming Resources Resources Expended 31 March 2024 Transfers General Unrestrlcted fund 1.389,852 1.487500 (1,338.737) (300,0) 1.238,615 Designated funds 300,000 300,0(KI Total Funds 1389052 1.487500 (1,338.737) 1.538.615 13. Net debt reeonciliatio C&8h Flows 3]st March 2024 225 Cash at bank and at hand 1266.081 152 1.418297 Net C&sh surplus 17
Haven Tyneside Ltd (by guarantee) Independent Auditors Report for the year ended 31 March 2025 Opinlon We have audlted the flnanclal statements of Haven Tyneside Ltd (the 'charitable companV) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, cash flow statement, the general income and expenditure account and notes to the financial statements, including a summary of signiant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Flnancial Reporting Standard 102 The Finanaal Reporting Standord applicable in the UKand Republic of Ireland Iunlted Kingdom Generally Accepted Accounting Practice). In our oplnlon the financial Statements: give a true and fair view of the state of the charltable cornpanrfs affalrs as at 31 March 2025, and of its incoming resources and application of resources, including its incorne arHI expenditure. for the year then ended; have been property prepared in accordan with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companie5 Art 2006. Basts for oplnion We conducted our audit in accordance with International Standards on Auditing {UK} (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs sponsibilit5 for the aud5t of the financial Statements section of our report. We are independent of the charitable company in accordance wlth the ethical requirements that are leVant to our audit of the financial statements in the UK induding the FRCS Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requlrements. We believe that the audit evidence we have obtained 15 sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to going wncern In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the flnancial statements is appropriate. Based on the work we have performed. we have not identified any material uncertalnties relating to eveirts or conditions that, Individually or collecttvely, may cast significant doubt on the charltable companvs ability to continue as a going conrn for a perfod of at least twefve months from when the financial statements are airthorised for issue. Our spOnsibl11t1es and the responsibilitie5 of thetrustees with respectto going concern are described in the relevant sectlons of this report. 18
Haven Tyneslde Ltd (by guarantee) Independent Auditors Report for the year ended 31 March 2025 (continued) The other information comprises the information included in the trustees, annual report, other than the financial ststements and our auditors. report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise and explicitty stated in our report, we do not express any form of assurance conclusion thereon. Our responslbility is to read the other inforniation and, in doing so. consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit or otherwtse appears to be materially misststed. If we identify such material inconsistencies or apparent material misststements, we are required to determine whether this gives rise to a materlal misstatement in the financial statements themselve5. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this Tegard. Opinlons on other matter5 prescrlbed by the Compa$ Art 2006 In our opinion. based on the work undertaken in the course of the audit: the information given in the trustees, report (incorporating the directorg rert for the purposes of company law) foT the financial year for whlch the financial statements are prepared is consistent with the financial statements- and the directors, lert included within the trustees, report has been prepared in accordan with applicable legal requirements. Matters on whlth we are requbred to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the direttors. report included within the trustees, report. We have nothing to report in respect of the following matters In relation to whfjch the Companies Act 2006 requires us to rert to you if, in OUT opinion: adequate accounting records have not been kept. or returns adequateforouraudit have not been received from branches not visited by us: or the fjnancial ststements are not in agreement with the accountlng records and returns; or rtain disclosures of directors, remuneration specified by law are not made: or we have not received all the information and explanations we require for our audit," or the trustees were not Èntitled to prepare the flnancial Statements in accordance with the small companies. regime and take advantage of the small companies. exemptions in preparing the directors report and from the requirements to prepa a strategic report. 19
Haven Tyneside Ltd (by guarantee) Independent Auditors Report for the yeAr ended 31 March 2025 (continued) Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are atso the dirertors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees detemiine is necessary to enable the preparation of financial statements that are free from rnaterial misstatement. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable companvs ability to continue a5 a going concern, disdosin& as applicable, matters related to going c0ftrn and using the going concern basis of accounting unless the trustee5 either intend to liquidate the charitable company or to cease operations, or have no realistic alternatlve but to do so. Audltorfs responsibilitles for the audlt of the ffinanclal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to i55ue an auditorfs report that includes our opinion. Reasonable assuran is a high level of a$5urance but is not a guarantee that an audit condutted in accordance with1SAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are consided material rf. individually or in the aggregate, they could reasonabfy be expected to Influence the economlc decisions of users taken on the basis of these financial statements. A further description of our re5ponsibilvties for the audit of the financial statements 15 located on the Financial Reporting Council's vbsIte at". www.frc.org.uk/auditorsre5ponsibilities. Thls description forms part of ouraudrto¢5 report. Extent to which the audlt was consldered capable of detecting Irregularitie5. including fraud Irregularitie5, including fraud, are inStanS of non-compliance with law5 and regulations. We design procedure5 in line with our responsibilities. outlined above and on the Financial Reporting Council's website. to detect material misstatements in respect of irregularitie5, including fraud. We obtain and update our understanding of the entity. its activities, its control environment. and likety future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understandin& we identify and asse55 the risks of material misstatement of the financial statements, whether due to fraud or error, design and perfomi audit procedures responsive to those risks, and obtain audit evidence that is suffjcient and approprlate to provide a basis for our opinion. This indudes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, induding fraud. 20
Haven Tyneside Ltd (by guarantee) Independent Auditors Report for the year ended 31 March 2025 (continued) In response to the risk of irregularities and non-compliance wlth laws and regulations, including fraud, we deslgned procedures which included: Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud,. Reviewing minutes of meetlngs of those charged with 8overnance; Assesslng the extent of compliance with the laws and regulatlons considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection,. Reviewing financial statement disclosures and testln8 to supporting documentatlon to asse55 compliance with applicable laws and regulations; Performing audit work over the risk of management bias and override of controls, Including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indScators of potential bias. Because of the field In which the client operates, we identified the following areas as those most likely to have a material impact on the financial statements. health and safety; employment laws," compllance; safeguarding and compllance with landlord property requirements. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, includingthose leading to a material mlsstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance wlth a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likelyto become aware of instances of non-compliance, The risk of not detecting a material mlsstatement resulting from fraud is higher than for one resulting from error, as fraud may Involve collusion, forgery, intentional omissions, misrepresentatlons, or the override of internal control. Use of our report This report is made solely to the charitable companvs members, as a body, in accordance with Chapter3 of Part 16 of the CompaniesAct 21J36. Ouraudit work has been undertaken so that we might state to the charltable companws members those matters we are requlred to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable companVs member5 as a body, for our audit work, for this report, or for the opinions we have formed. Joanne Regan FCA {Senlor Statutory Audltor) For and on behalf of Azets Audlt serv1S Chartered Accountants th 12 November 2025 ststutory Audltor Bulman House Regent Centre, Henry Street, Newcastle upon Tyne. NE3 3LS. 21