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2023-03-31-accounts

Company number: 2940712 Charity Number: 1040713

Community Housing and Therapy

Report and financial statements For the year ended 31 March 2023

Community Housing and Therapy

Contents

For the year ended 31 March 2023

Reference and administrative information ......................................................................................................... 1 Trustees’ annual report ...................................................................................................................................... 2 Independent auditor’s report .............................................................................................................................. 9 Statement of financial activities (incorporating an income and expenditure account) ..................................... 13 Balance sheet .................................................................................................................................................. 14 Statement of cashflows………………………………………………………………………………………………. 15 Notes to the financial statements .................................................................................................................... 16

Community Housing and Therapy

Reference and administrative information

For the year ended 31 March 2023

Company number 2940712 2940712
Charity number 1040713
Registered office and operational address
Unit WG10 Vox Studios
1-45 Durham Street
London SE11 5JH
Trustees The trustees, who are also directors under company law, who served during the
year up to the date of this report were as follows:
Rev George Bush
Dean James CBE (resigned September 2022)
Lynsey Rowe
Michael Watson (Chair, appointed September 2022)
Sebastian Oram
Laura Chesham
Stephen Riley (Deputy Chair)
Laura Eeles (Treasurer)
Dr Sue Mizen
Principal staff Peter Cockersell MSc DPsych FRSA Chief Executive
Abd-al Kane Abdullah Chief Operating Officer
Fitsum Teklu (ACCA) Chief Financial Officer
Bankers Lloyds TSB Bank PLC
10 Hanover Square
London
WIS IHJ
Solicitors Wilsons Law
Alexandra House
St Johns Street
Salisbury
SP1 2SB
Auditor Sayer Vincent LLP
Chartered Accountants and Statutory Auditors
Invicta House
108-114 Golden Lane
LONDON
EC1Y 0TL

1

Community Housing and Therapy

Trustees’ annual report

For the year ended 31 March 2023

The trustees present their report and the audited financial statements for the year ended 31 March 2023.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

Purposes and aims

Community Housing and Therapy's objectives are set out in the objects contained in the charity’s memorandum of association. We work for the benefit of the public by treating people experiencing mental ill-health and emotional distress. We provide care, support and psychotherapy within residential accommodation, in which the living environment itself is therapeutic, to enable beneficiaries to make changes in their life in order to engage with society in a way they find more fulfilling.

Our projects welcome people from all backgrounds. The charity operates a thorough and structured needs assessment to determine if a referral will benefit from the service we offer. We are committed to a working environment that is free from any form of discrimination on the grounds of colour, race, ethnicity, religion, sex, sexual orientation or disability.

The trustees review the aims, objectives and activities of the charity each year. This report looks at the charity’s achievements and outcomes in the reporting period. The trustees report the success 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 activities remained 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 activities will contribute to the aims and objectives that have been set.

Strategic report

Key Achievements:

2

Community Housing and Therapy

Trustees’ annual report

For the year ended 31 March 2023

The charity has worked to the following targets (in bold) in the past year:

To develop our core therapeutic services

This year CHT was able to rebuild high occupancy levels, and focus much more on staff and resident support: we finalised the accreditation of our ‘Diploma in Relational Practice in Mental Health’ as an Ofqual-recognised Level 7 qualification; we finished a revision of all our policies and procedures; we refreshed and revised our clinical tools and outcome measures; and we reinvigorated and improved our induction processes. The result has been, at a time when many organisations are struggling to recruit at all, we have had been able to recruit and retain very good staff, and now have a full complement. We also increased significantly our use of honorary psychotherapists and had art and movement therapists available as well as talking therapies.

In addition, we collected and published an effective impact report, and continued to focus more management time on generating and following up referrals, and we have managed to achieve and sustain over 90% occupancy for the second half of the year, and on into the new financial year.

As a result of this, CHT posted a surplus of £195K for 2022-2023.

During this period CHT worked with 96 clients during the reporting period; 27 people moved out, and 50% of these stepped down to lower support accommodation. We had 31% of our residents engaged in paid or voluntary work or training/education.

To develop our international network

CHT continued to play an active role in the development and running of the International Network of Democratic Therapeutic Communities (INDTC) and presented at an international conference in Florence, Italy hosted by INDTC.

To maintain high quality staff

We are pleased to say that we continued to have good staff retention and that where we have needed to recruit we have had candidates of a high calibre. We have managed to recruit and retain many excellent staff over the year, though we also bade fond farewells to several very long-standing members of staff who have individually made decisions to move into new directions.

We expanded the use of trainee therapists to all the services and through this we were able to provide access to art and movement therapy groups to a wider range of our residents.

Financial review

Total income for the year amounted to £3.4m. This was 21% higher than the previous year, and we reported a surplus of £195K after depreciation and interest.

3

Community Housing and Therapy

Trustees’ annual report

For the year ended 31 March 2023

The trustees confirm that to the best of their knowledge, there is no information relevant to the audit of which the auditor is unaware and the trustees also confirm that they have taken all necessary steps to ensure that they themselves are aware of all relevant audit information and that this information has been communicated to the auditor.

The trustees maintain an extremely close oversight of both costs and cash flow. The trustees meet five times a year and review the finances by means of management accounts, which are presented to the Chair and Treasurer each month.

Principal risks and uncertainties

The risk register, in which potential risks have been identified, is divided into the following categories:

The risks are divided into low, medium and high depending on the likelihood of occurrence and their potential impact on the charity. Each risk is followed by an appropriate action aimed at minimizing the risk. The trustees review the risk register annually.

The following key risks were identified:

▪ Fee Levels and Cash Flow

▪ Referrals

4

Community Housing and Therapy

Trustees’ annual report

For the year ended 31 March 2023

The charity has a risk strategy comprising:

The most significant risks to CHT in 2022-2023 were the increased cost of living, and the increase in interest rates.

Reserves policy and going concern

At the end of March 2023, the cash balance was £612k. Since then, our day-to-day cash balance has risen to around £750k. It is our belief that, with continued close and diligent management, and a focus on diversifying our services, improving our marketing, and diversifying our funding streams, we can operate successfully in what continues to be a difficult environment.

The reserves policy of the trustees is as follows:

1) To maintain, as a minimum, reserves sufficient to fund day to day business commitments: £250k.

2) To have reserves, on top of the above minimum, sufficient to provide cover in the event of shortfalls arising from normal trading variations: £100k.

The level of reserves is £684k at the end of this year. Based on the reserve policy, the trustees believe that the reserve is sufficient to run the business.

As a going concern, CHT’s services for 2022/23 were budgeted to operate at a small deficit; however we ultimately had a surplus of £195K due to the increased occupancy, higher average weekly fees and Elly Jansen award donation.

Plans for the future

Plans for 2023-2024 and further years are:

5

Community Housing and Therapy

Trustees’ annual report

For the year ended 31 March 2023

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on the 15[th] of June 1994 and registered as a charity on the 9[th] of September 1994.

The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.

The trustees are planning to change the charity’s articles of association in the next financial year to reflect changes in the model of care and to bring them more up to date. Charity Commission support for these changes will be obtained before any changes are made; they will then be notified to Companies House. All trustees give their time voluntarily and receive no benefits from the charity.

Appointment of trustees

Patrons and Trustees are recruited by personal contact through the business of the charity or through the trustees, or by advertising in appropriate media.

Where the board identifies a skill gap it recruits trustees to fill it. Potential trustees are suggested to the Board, an interviewing panel is arranged and information such as annual report, annual accounts and publicity leaflets are sent. After a positive interview potential trustees are invited to visit one of the residential projects and to attend a Board meeting after which trustees decide whether or not to appoint. The new trustee is then invited to join the Board. Following this there is an induction and then further information on the activities of the charity will be available through Board meetings, further visits and meetings with staff and through attendance at conferences which the charity organizes from time to time.

The membership of the Board of Trustees has remained stable through 2022-2023 apart from the resignation of our Chair, Dean James CBE. The Board elected Michael Watson as the new Chair, with Steve Riley in the new role of Deputy Chair. The Treasurer remains Laura Eeles.

Related parties and relationships with other organisations

Fairhall Court and George Dooley House are supported living services run in partnership with Central and Cecil Housing Trust (CCHT). These services provide supported housing for up to sixteen clients. CHT is

6

Community Housing and Therapy

Trustees’ annual report

For the year ended 31 March 2023

responsible for providing support and therapeutic services, and CCHT maintain responsibility for the housing management.

Onkar House is leased from a private owner, and housing management was done by Thinkcare Housing Ltd; this has been taken back in-house in 2023-2024. CHT provides the support and manages the day-to-day activities and maintenance of the property.

We worked with Qualifi on the accreditation of our Diploma in Relational Practice in Mental Health, and continue to hold the accreditation through them.

We are in conversation with other organisations, notably Housing Associations and Charitable Trusts, about other potential partnership working that might benefit CHT, and we have strong relationships with Brighton and Hove Council and Look Ahead Housing and Care as training providers.

Fundraising compliance

CHT does not engage in public fundraising and does not use professional fundraisers or commercial participators. CHT nevertheless observes and complies with the relevant fundraising regulations and codes. During the year there was no non-compliance of these regulations and codes and CHT received no complaints relating to its fundraising practice.

Remuneration policy for key management personnel

CHT aims to benchmark all salaries against equivalent size organisations in the charity sector. Pay is reviewed annually; increments for individual staff are within pre-set pay bands and according to performance and skill criteria. CHT is compliant with new national pension legislation and living wage agreements.

We reviewed our staff and pay structures during 2022 and are implementing the changes in 2023-2024.

Statement of responsibilities of the trustees

The trustees (who are also directors of Community Housing and Therapy for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

7

Community Housing and Therapy

Trustees’ annual report

For the year ended 31 March 2023

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £10 each to the assets of the charity in the event of winding up. The total number of such guarantees on 31 March 2023 was 10 (2022:11). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Auditors

Sayer Vincent LLP were re-appointed as the charitable company's auditors during the year and have expressed their willingness to continue in that capacity.

The trustees’ annual report has been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

The trustees’ annual report has been approved by the trustees on 25 September 2023 and signed on their behalf by

Laura Eeles Treasurer

8

Independent auditors’ report

To the members of

Community Housing and Therapy

Opinion

We have audited the financial statements of Community Housing and Therapy (the ‘charitable company’) for the year ended 31 March 2023 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

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 Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on Community Housing and Therapy’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 concern are described in the relevant sections of this report.

9

Independent auditors’ report

To the members of

Community Housing and Therapy

Other Information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s 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 explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information 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 otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. 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 regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the 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 trustees’ annual report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors 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 determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

10

Independent auditors’ report

To the members of

Community Housing and Therapy

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial 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 issue an auditor’s report that includes our opinion. Reasonable assurance 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 influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

11

Independent auditors’ report

To the members of

Community Housing and Therapy

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities . This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor’s 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 company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Noelia Serrano (Senior statutory auditor) 18 October 2023

for and on behalf of Sayer Vincent LLP, Statutory Auditor Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL

12

Community Housing and Therapy

Statement of Financial Activities (incorporating an income and expenditure account)

For the year ended 31 March 2023

Unrestricted
Note
£
Income from:
2
11,101
3,286,137
10,702
Other Income
15,877
3,323,817
57,463
3,144,270
26,787
3
3,228,521
95,296
Reconciliation of funds:
2,085,319
2,180,615
Raising funds
Total expenditure
Charitable activities
Care
Training
Net income/ (expenditure) and net
movement in funds for the year
Total funds brought forward
Total funds carried forward
Donations and legacies
Charitable activities
Care
Training
Total income
Expenditure on:		 Unrestricted
Note
£
Income from:
2
11,101
3,286,137
10,702
Other Income
15,877
3,323,817
57,463
3,144,270
26,787
3
3,228,521
95,296
Reconciliation of funds:
2,085,319
2,180,615
Raising funds
Total expenditure
Charitable activities
Care
Training
Net income/ (expenditure) and net
movement in funds for the year
Total funds brought forward
Total funds carried forward
Donations and legacies
Charitable activities
Care
Training
Total income
Expenditure on:		 Restricted
£
113,678
-
-
-		 2023
Total
£
124,779
3,286,137
10,702
15,877		 Unrestricted
£
10,000
2,643,570
3,240
167,171		 Restricted
£
5,908
-
-
-		 2022
Total
£
15,908
2,643,570
3,240
167,171
3,323,817 113,678 3,437,495 2,823,980 5,908 2,829,889
57,463
3,144,270
26,787		 -
13,678
-		 57,463
3,157,948
26,787		 14,660
2,931,814
9,435		 5,908
-
-		 20,568
2,931,814
9,435
3,228,521 13,678 3,242,199 2,955,909 5,908 2,961,817
95,296
2,085,319		 100,000
220,348		 195,296
2,305,667		 (131,929)
2,217,248		 220,348 (131,928)
2,437,596
2,180,615 320,348 2,500,963 2,085,319 220,348 2,305,667

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 15 to the financial statements.

13

Community Housing and Therapy

Balance Sheet

Balance Sheet Balance Sheet
As at 31 March 2023 Company no. 2940712
Note
£
Fixed assets:
9
Current assets:
10
476,660
612,170
1,088,830
Liabilities:
11
(404,841)
12
14
2,180,615
Total unrestricted funds
Debtors
The funds of the charity:
Creditors: amounts falling due within one year
Net current assets
Total net assets
Creditors: amounts falling due after one year
Total assets less current liabilities
Restricted income funds
Unrestricted income funds:
General funds
Total charity funds
Cash at bank and in hand
Tangible assets		 2023
£
3,786,366		 £
469,999
442,466		 2022
£
3,898,254
3,786,366
683,989		 3,898,254
407,239
1,088,830
(404,841)		 912,465
(505,226)
2,180,615 2,085,319
4,470,355
(1,969,392)		 4,305,493
(1,999,826)
2,500,963 2,305,667
320,348
2,180,615		 220,348
2,085,319
2,500,963 2,305,667

Approved by the trustees on 25 September 2023 and signed on their behalf by

Laura Eeles Treasurer

14

Community Housing and Therapy

Statement of Cash Flow

For the year ended 31 March 2023
Repayments of borrowing
Cash and cash equivalents at the beginning of the
year
Cash and cash equivalents at the end of the year
Net cash (used in)/ provided by financing activities
Change in cash and cash equivalents in the year
Cash inflows from new borrowing
Cash flows from operating activities
Cash flows from financing activities:
Net cash (used in) investing activities
Net cash provided by/(used in) operating activities
Cash flows from investing activities:
Payments for Furniture and Leasehold improvement
Net income/(expenditure) for the reporting year
(as per the statement of financial activities)
Depreciation charges
(Increase) in debtors
Increase in creditors		 £
£
195,296
124,135
(6,661)
(81,987)
230,783
(12,247)
(12,246)
(48,833)
-
(48,833)
169,704
442,466
612,170
2023		 £
£
(131,928)
119,502
(28,167)
8,595
(31,998)
(17,920)
(17,920)
(52,719)
100,000
47,281
(2,638)
445,104
442,466
2022
(12,247) (17,920)
(48,833)
-		 (52,719)
100,000
169,704
442,466		 (2,638)
445,104
612,170 442,466

15

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2023

1 Accounting policies

a) Statutory information

Community Housing and Therapy is a charitable company limited by guarantee and is incorporated in the United Kingdom. The registered office address and principal place of business is Unit WG10 Vox Studios, 1-45 Durham Street, London, SE11 5JH.

b) Basis of preparation

The financial statements have been prepared 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)- (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

c) Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

d) Going concern

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Grants and donations are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

f) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

16

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2023

1 Accounting policies (continued)

h) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned based on staff time which are an estimate of the amount attributable to each activity.

Support and governance costs are re-allocated to each of the activities based on an estimate of the amount of staff time or usage attributable to each activity.

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

i) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

j) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £1,500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Where fixed assets have been revalued, any excess between the revalued amount and the historic cost of the asset will be shown as a revaluation reserve in the balance sheet.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

k) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

l) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users.

m) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

n) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

o) Pensions

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable under the scheme by the charitable company to the fund. The charitable company has no liability under the scheme other than for the payment of those contributions.

17

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2023

Donations and legacies
Unrestricted
£
10,000
-
-
-
-
-
-
1,101
-
-
11,101
Charles S French Charitable Trust
PF Charitable Trust
Other donations
Donation from Tania's family
Donation from Regan
Elly Jansen award
Croydon relief in need charity
Co-operative
Vernon N Ely Charitable
Settlement
Total
Morrisons Foundation		 £
-
-
-
100,000
9,249
2,000
1,200
-
500
729
113,678
Restricted		 2023
Total
£
10,000
-
-
100,000
9,249
2,000
1,200
1,101
500
729		 Unrestricted
£
10,000
-
-
-
-
-
-
-
-
-		 £
-
3,988
1,920
1,920
-
-
-
-
-
-
Restricted		 2022
Total
£
10,000
3,988
1,920
1,920
-
-
-
-
-
-
124,779 10,000 7,829 17,829

18

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2023

Staff costs (Note 5)
Food and consumables
Lights and heat
Furniture, equipment and maintenance
Accounting and Audit fees
Legal and professional
Travel and motor
Printing, postage and stationery
Rent and rates
Telephone and insurance
Loan interest
Bad debts
Staff training, conference and welfare
Consultancy
Depreciation
General
Support costs
Governance costs
Total expenditure 2023
Total expenditure 2022		 Cost of
raising
funds
£
18,981
-
-
-
-
-
-
-
-
-
-
-
-
38,482
-
-		 Charitable activities Charitable activities Governance
costs
£
45,098
-
-
-
13,560
9,615
-
-
-
-
-
-
-
-
-
-		 Support
costs
£
355,182
10,000
2,434
10,990
-
-
39,834
1,217
62,016
9,363
-
-
-
8,702
-
-		 2023 Total
£
2,194,907
104,854
94,957
141,525
13,560
9,615
71,037
8,398
147,637
86,871
108,700
33,780
26,787
47,184
124,135
28,251		 2022
Total
£
2,113,947
84,313
64,156
117,707
12,960
10,771
49,456
11,092
156,739
81,863
71,257
14,845
9,435
17,586
119,502
26,188
Care costs
£
1,775,646
94,855
92,523
130,535
-
-
31,203
7,181
85,621
77,508
108,700
33,780
-
-
124,135
28,251		 Training
costs
£
-
-
-
-
-
-
-
-
-
-
-
-
26,787
-
-
-
57,463
-
-		 2,589,938
499,738
68,272		 26,787
-
-		 68,272
(68,272)		 499,738
(499,738)
-		 3,242,199
-		 2,961,817
-
-
57,463 3,157,948 26,787 - - 3,242,199 -
20,568 2,931,815 9,435 - - 2,961,817 -

19

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2023

Staff costs (Note 5)
Food and consumables
Lights and heat
Furniture, equipment and maintenance
Accounting and Audit fees
Legal and professional
Travel and motor
Printing, postage and stationery
Rent and rates
Telephone and insurance
Loan interest
Bad debts
Staff training, conference and welfare
General
Consultancy
Depreciation
Support costs
Governance costs
Total expenditure 2022
Total expenditure 2021		 Cost of
raising
funds
£
12,400
-
-
6,870
-
-
-
-
-
-
-
-
-
1,298
-
-		 Charitable activities Charitable activities Governance
costs
£
44,193
-
-
-
12,960
10,771
-
-
-
-
-
-
-
-
-
-		 Support
costs
£
463,587
4,999
1,395
4,715
-
-
32,140
2,803
61,828
10,045
-
-
-
1,662
17,586
-		 2022 Total
£
2,113,947
84,313
64,156
117,707
12,960
10,771
49,456
11,092
156,739
81,863
71,257
14,845
9,435
26,188
17,586
119,502		 2021
Total
£
2,300,446
81,171
60,144
117,031
10,800
15,334
37,820
12,849
141,366
71,386
65,657
6,761
7,414
47,935
2,760
96,691
Care costs
£
1,593,767
79,314
62,761
106,122
-
-
17,316
8,289
94,911
71,818
71,257
14,845
-
23,228
-
119,502		 Training
costs
£
-
-
-
-
-
-
-
-
-
-
-
-
9,435
-
-
-
20,568
-
-		 2,263,130
600,760
67,925		 9,435
-
-		 67,924
(67,925)		 600,760
(600,760)
-		 2,961,817
-
-		 3,075,565
-
-
20,568 2,931,815 9,435 - - 2,961,817 -
45,993 3,022,158 7,414 - - 3,075,565 -

20

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2023

This is stated after charging:

This is stated after charging:
2023 2022
£ £
Depreciation 124,135 119,502
Interest payable 108,700 71,257
Operating lease rentals:
Property 102,351 100,913
Other 6,156 7,117
Auditors' remuneration (excluding VAT):
Audit 11,300 10,300

5 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

Staff costs were as follows:
Social security costs
Other staff costs
Employer’s contribution to defined contribution pension schemes
Salaries and wages		 2023
£
1,479,398
155,365
58,136
502,009		 2022
£
1,428,855
142,948
55,406
486,737
2,194,907 2,113,947

The following number of employees received employee benefits (excluding employer pension costs) during the year between:

year between:
2023 2022
No. No.
£70,000 - £79,999 - -
£80,000 - £89,999 - -
£90,000 - £99,999 1 1
£100,000 - £109,999 - -

The total employee benefits including pension contributions of the key management personnel were £236,419(2022:£231,723).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £183 (2022: £17).

6 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as

Charitable activities
Support		 2023
No.
43
5		 2022
No.
44
4
48 48

21

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2023

7 Related party transactions

There were no donations from related parties which are outside the normal course of business and no restricted donations from related parties (2022: none).

8 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

9 Tangible fixed assets

Tangible fixed assets
Cost or valuation
Depreciation
Net book value
Additions in year
At the start of the year
At the end of the year
At the start of the year
Charge for the year
At the end of the year
At the start of the year
At the end of the year		 Freehold
buildings
£
5,016,482
-
5,016,482
1,161,312
100,330
1,261,642
3,754,840
3,855,170		 Furniture,
fittings and
equipment
£
41,469
-
41,469
30,325
4,093
34,418
7,051
11,144		 Leasehold
improvements
£
86,314
12,247		 Total
£
5,144,266
12,247
98,561 5,156,513
54,375
19,712		 1,246,012
124,135
74,087 1,370,147
24,474 3,786,366
31,939 3,898,254

All of the above assets are used for charitable purposes.

10 Debtors

Debtors
Trade debtors
Other debtors
Accrued income
Prepayments		 2023
£
353,252
28,355
3,621
91,432		 2022
£
361,597
50,039
2,562
55,800
476,660 469,999

22

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2023

11 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Bank loans and overdraft
Accruals
Other creditors
Trade creditors		 2023
£
34,640
58,967
179,725
131,509		 2022
£
53,039
90,945
217,682
143,561
404,841 505,226

12 Creditors: amounts falling due after one year

Creditors: amounts falling due after one year
Due between two to five years
Bank loans
Due between one to two years
Due after five years		 2023
£
1,969,392		 2022
£
1,999,826
1,969,392 1,999,826
36,287
127,769
1,805,336		 54,207
177,965
1,767,654
1,969,392 1,999,826

Interest is payable at 3.25% above the base rate.

The company has one loan from Charity Bank and the loan is secured by a charge on the freehold properties with a net book value of £3,754,840.

13 Pension scheme

The company operates a group defined contribution scheme for all employees, the assets of which are held by Royal London. At 31 March 2023 £8,275 was owed to the Royal London (2022: £8,077). The pension charge for the year was £58,136 (2022: £55,406).

14a Analysis of net assets between funds (current year)

Analysis of net assets between funds (current year)
Long term liabilities
Net assets at the end of the year
Tangible fixed assets
Net current assets		 General
unrestricted
£
3,466,017
683,989
(1,969,392)
2,180,615		 Restricted
£
320,348
-
-		 Total funds
£
3,786,366
683,989
(1,969,392)
320,348 2,500,963

14b Analysis of net assets between funds (prior year)

Analysis of net assets between funds (prior year)
Long term liabilities
Net current assets
Net assets at the end of the year
Tangible fixed assets		 General
unrestricted
£
3,677,906
407,239
(1,999,826)
2,085,319		 Restricted
£
220,348
-
-		 Total funds
£
3,898,254
407,239
(1,999,826)
220,348 2,305,667

23

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2023

15a
Elly Jansen award
Total restricted funds
Total funds
15b
Total restricted funds
Total funds
Bridget Bordewich Bursary Fund
General unrestricted funds:
Restricted funds:
Croydon relief in need charity
Other donations
Donation from Regan
Movements in funds (prior year)
Movements in funds (current year)
Bridget Bordewich Bursary Fund
General unrestricted funds:
Restricted funds:
Co-operative
Morrisons Foundation
Charles S French Charitable Trust
PF Charitable Trust		 At 1 April
2022
£
2,085,319
220,348
-
-
-
-
-
-
220,348		 Income &
gains
£
3,323,817
-
100,000
9,249
2,000
1,200
500
729
113,678		 Expenditure
& losses
£
(3,228,521)
-
-
(9,249)
(2,000)
(1,200)
(500)
(729)
(13,678)		 Transfers
between
funds
-
-
-
-
-
-
-
-
-		 At 31 March
2023
£
2,180,615
220,348
100,000
-
-
-
-
-
320,348
2,305,667 3,437,495 (3,242,199) - 2,500,963
At 31 March
2021
£
2,217,248
220,348
-
-
220,348		 Income &
gains
£
2,823,980
-
3,988
1,920
5,908		 Expenditure
& losses
£
(2,955,909)
-
(3,988)
(1,920)
(5,908)		 Transfers
between
funds
-
-
-
-
-		 At 31 March
2022
£
2,085,319
220,348
-
-
220,348
2,437,596 2,829,889 (2,961,817) - 2,305,667

Bridget Bordewich Bursary Fund

As the purchase of Lilias Gillies' House enable Community Housing and Therapy to increase its ability to support people with a diagnosis of bi-polar disorder, the trustees agreed that the Bridget Bordewich Bursary Fund would be used to part fund the purchase of the house. The situation will be reviewed periodically to ensure that the restriction of the funds is observed.

Elly Jansen award

CHT holds the fund to apply towards further thinking about the principles of the Therapeutic Communities approach; to establish an award for the best essays or research on aspects of Therapeutic Communities; and make grants to those considered suitable for research into aspects of Therapeutic Communities.

Morrissons Foundation The donation was to fund equipment to create two sensory spaces (one at Lilias Gillies House and one at Mount Lodge) for residents to support their mental health recovery journey which hopes to reduce residents' unhealthy behavioural responses to stress over time and de-escalate stressful situations through sensory engagement to improve residents mental well being.

Charles S French Charitable Trust

The donation was to fund outdoor exercise equipment at Highams Lodge to support the importance of physical well being as part of a holistic treatment alongside CHT's psychotherapy services.

PF Charitable Trust

The donation contributed to a working care farm trip at Magdalen Farm, Dorset where 12 residents and 4 staff members across our services engaged in activities such as orienteering, camp fire building and animal care surrounded by nature and peacefulness to provide a highly positive therapeutic experience for our residents.

24

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2023

16 Operating lease commitments

The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:

Within one year
Two to five years		 2023
2022
£
£
57,354
83,701
104,159
57,593
161,513
141,295
Property

17 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.

25