Company number: 2940712 Charity Number: 1040713
## Community Housing and Therapy
Report and financial statements For the year ended 31 March 2024
**Community Housing and Therapy**
## **Contents**
## **For the year ended 31 March 2024**
Reference and administrative information ......................................................................................................... 1 Trustees’ annual report ...................................................................................................................................... 3 Independent auditor’s report ............................................................................................................................ 11 Statement of financial activities (incorporating an income and expenditure account) ..................................... 15 Balance sheet .................................................................................................................................................. 16 Statement of cashflows………………………………………………………………………………………………. 17 Notes to the financial statements .................................................................................................................... 18
**Community Housing and Therapy**
## **Reference and administrative information**
## **For the year ended 31 March 2024**
**Company number** 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 (resigned November 2023) Lynsey Rowe Michael Watson (Chair) Sebastian Oram Laura Chesham Stephen Riley (resigned February 2024) Laura Eeles (Treasurer) Dr Sue Mizen Neelam Khawani-Connett (appointed March 2024) Monomita Raksit (appointed March 2024) Roger Robbin-Coker (appointed March 2024) Catherine Mahoney (appointed March 2024) **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
1
**Community Housing and Therapy**
## **Reference and administrative information**
## **For the year ended 31 March 2024**
**Auditor** Sayer Vincent LLP Chartered Accountants and Statutory Auditors 110 Golden Lane LONDON EC1Y 0TG
2
**Community Housing and Therapy**
## **Trustees’ annual report**
## **For the year ended 31 March 2024**
The trustees present their report and the audited financial statements for the year ended 31 March 2024.
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 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:
## We:
- _Worked with 101 clients during the course of the year, this increased by 5% from 2022-23._
- _Admitted 27 new clients into our therapeutic services_
- _Changed our CQC registration to ‘treatment of disease, disorder and injury’ in ‘mental health rehabilitative services’_
- _Achieved and sustained 88% occupancy on average in the year, this increased by 2% over the previous year._
- _Increased fees at all our services_
3
**Community Housing and Therapy**
## **Trustees’ annual report**
## **For the year ended 31 March 2024**
- _Delivered workshops/seminars at the TCTC Conference, and an International Therapeutic Community conference in Italy_
- _Successfully won over £150k of Lottery funding for an ‘experts by experience’ program_
- _Recruited a Lived Experience Coordinator to the Senior Team_
- _Launched the second round of the Elly Jansen Award for original research and articles on Therapeutic Communities_
- _Held a ‘whole-CHT’ trip to London Zoo, attended by 53 staff and residents_
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 continue with high occupancy levels of 88%, though not quite to our target of 90% over the whole year. We also managed to increase our fees across all our communities, reflecting the belief from commissioners that we offer much more than simply supportive care, and the fact that we work with a client group that most agencies consider too high risk.
As a result of this, CHT posted a surplus of £214K for 2023-2024.
During this period CHT worked with 101 clients during the reporting period; 36 people moved out, and 70% of these stepped down to lower support accommodation.
## **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.
In April 2024, we successfully recruited a Lived Experience Coordinator to develop the expert by experience programme and to deepen the co-production of our trainings and services. This is funded by a successful bid to the Big Lottery Community Fund for £157k over three years starting from April 2024.
We also successfully recruited four new Trustees who between them bring a wealth of skills and experience in marketing, commissioning, charity management and therapeutic communities. This has also improved the diversity of the Board of Trustees, which was not as representative as the overall staff are of the client group we serve.
4
**Community Housing and Therapy**
## **Trustees’ annual report**
## **For the year ended 31 March 2024**
## Financial review
Total income for the year amounted to £3.9m. This was 15% higher than the previous year, and we reported a surplus of £214K after depreciation and interest.
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:
- Clinical standards
- Personnel
- Income streams
- Demand for services
- Infrastructure
- Public relations
- Finance and administration
- Fraud
- Other (including development)
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
- Cuts in Public Budgets have in the past resulted in a reduction in fees. It is essential to ensure that fee levels achieved are sufficient to meet operational costs.
- This year we have again managed to increase fee levels negotiated on new spot purchase arrangements and have negotiated a fee uplift on some existing contracts.
- CHT has a strategy of increasing capacity through the development of new services, spreading overheads and increasing potential surpluses.
- Our cash in hand recovered as a result of increased occupancy and higher fees, and cashflow remained strong.
## ▪ Referrals
- Sustainable levels of referrals of new clients are critical. CHT aims to mitigate this risk by:
5
**Community Housing and Therapy**
## **Trustees’ annual report**
## **For the year ended 31 March 2024**
- Providing a treatment/rehabilitation model rather than a long-term care model, with registration as a treatment provider rather than a care provider; facilitating more referrals at higher fee levels.
- Improving marketing to widen its portfolio of referral agencies.
- Forming strategic alliances with a range of partner agencies to enable CHT to acquire new properties and services.
- Having occupancy and referrals as standing items on the agenda at all meetings of senior and frontline management
- Occupancy was very strong for the first part of 2023-2024 but fell back a bit in the final two quarters, and was 88% on average across the financial year
- The charity has a risk strategy comprising:
- Regular, weekly oversight of occupancy and cashflow levels by CEO and CFO.
- Fortnightly meetings on referrals and occupancy between Service Managers and the Senior staff
- The establishment of a risk register.
- Annual Review of the risks the charity faces.
- Introduction of systems to mitigate the risks identified and minimize any potential impact on the charity should any risks materialize.
The most significant risks to CHT in 2023-2024 were the increased cost of living, and the increase in interest rates.
## Reserves policy and going concern
At the end of March 2024, the cash balance was £1,054k. Since then, we have deposited a substantial amount of cash (£550k) in high interest, but reasonably accessible, accounts. Our day-to-day cash balance is now around £500k. 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: £350k.
- 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.
- 3) Any extra reserves above £450k will be utilized to launch new services.
The level of reserves was approximately £883K 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 2023/24 were budgeted to operate at a small deficit; however we ultimately had a surplus of £214K due to steady occupancy and significantly higher average weekly fee.
6
**Community Housing and Therapy**
## **Trustees’ annual report**
## **For the year ended 31 March 2024**
## Plans for the future
Plans for 2024-2025 and further years are:
- To modernise our therapeutic communities so that they offer highly relevant care, treatment and recovery services.
- To fully implement our refreshed and revised Clinical Model
- To keep all our resident and clinical records in an NHS-level secure electronic system.
- To manage our services to the highest possible standard, both financially and clinically.
- To expand the number of supported living and community services in response to demand.
- To establish new partnerships with housing providers and other agencies.
- To raise the profile of CHT through enhanced marketing.
- To provide more paid external training.
- Take forward the planned growth of the charity through partnerships, improved marketing, redefinition of our work, and a diversification of funding streams, client base, and services offered.
- To better target and to expand the number of charitable fundraising bids.
## 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 changed significantly in 2023-2024. with the resignation of our most long-standing member, Reverend George Bush, and Steve Riley, the Deputy Chair. The Board elected
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**Community Housing and Therapy**
## **Trustees’ annual report**
## **For the year ended 31 March 2024**
successfully recruited four new members, Neelam Khawani-Connet, Monomita Raskit, Roger Robbin-Coker and Catherine Mahoney. 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 responsible for providing support and therapeutic services, and CCHT maintain responsibility for the housing management. Central and Cecil has been taken over by another Housing Association, and we are in discussions with them about ongoing agreements over the two properties; they have indicated that they have no immediate plans for change.
Onkar House is leased from a private owner. CHT provides the support and manages the day-to-day activities and maintenance of the property, and provides the housing management. There are two years left to run on the lease and we are looking at alternative provision for when the lease expires.
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 implemented 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).
8
**Community Housing and Therapy**
## **Trustees’ annual report**
## **For the year ended 31 March 2024**
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:
- Select suitable accounting policies and then apply them consistently.
- Observe the methods and principles in the Charities SORP.
- Make judgements and estimates that are reasonable and prudent.
- State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies 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:
- There is no relevant audit information of which the charitable company’s auditors are unaware.
- The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
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 2024 was 11 (2023:10). 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.
9
**Community Housing and Therapy**
## **Trustees’ annual report**
## **For the year ended 31 March 2024**
The trustees’ annual report has been approved by the trustees on 23 September 2024 and signed on their behalf by
Laura Eeles Treasurer
10
**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 2024 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:
- Give a true and fair view of the state of the charitable company’s affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure for the year then ended
- Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice
- Have been prepared in accordance with the requirements of the Companies Act 2006
## 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.
11
**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:
- The information given in the trustees’ annual report, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- The trustees’ annual report, has been prepared in accordance with applicable legal requirements.
## 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:
- Adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- The financial statements are not in agreement with the accounting records and returns; or
- Certain disclosures of trustees’ remuneration specified by law are not made; or
- We have not received all the information and explanations we require for our audit; or
- The directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ annual report and from the requirement to prepare a strategic report.
## 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.
12
**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:
- We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity’s policies and procedures relating to:
- Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;
- Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud;
- The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
- We inspected the minutes of meetings of those charged with governance.
- We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.
- We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit.
- We reviewed any reports made to regulators.
- We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations.
- We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
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**Independent auditors’ report**
## **To the members of**
## **Community Housing and Therapy**
- In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.
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) 1 October 2024
for and on behalf of Sayer Vincent LLP, Statutory Auditor Invicta House, 110 Golden Lane, LONDON, EC1Y 0TG
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## Community Housing and Therapy
Statement of Financial Activities (incorporating an income and expenditure account)
## For the year ended 31 March 2024
|Unrestricted
Note
£
Income from:
2
10,031
3,795,545
8,803
Other Income
33,389
3,847,768
39,759
3,625,549
27,913
3
3,693,221
154,547
Reconciliation of funds:
2,180,615
2,335,162
Raising funds
Total expenditure
Charitable activities
Care
Training
Net income 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
10,031
3,795,545
8,803
Other Income
33,389
3,847,768
39,759
3,625,549
27,913
3
3,693,221
154,547
Reconciliation of funds:
2,180,615
2,335,162
Raising funds
Total expenditure
Charitable activities
Care
Training
Net income 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
£
90,750
-
-
-|2024
Total
£
100,781
3,795,545
8,803
33,389|Unrestricted
£
11,101
3,286,137
10,702
15,877|Restricted
£
113,678
-
-
-|2023
Total
£
124,779
3,286,137
10,702
15,877|
|---|---|---|---|---|---|---|
||3,847,768|90,750|3,938,519|3,323,817|113,678|3,437,495|
||39,759
3,625,549
27,913|-
20,200
11,000|39,759
3,645,749
38,913|57,463
3,144,270
26,787|-
13,678
-|57,463
3,157,948
26,787|
||3,693,221|31,200|3,724,421|3,228,521|13,678|3,242,199|
||154,547
2,180,615|59,550
320,348|214,098
2,500,963|95,296
2,085,319|100,000
220,348|195,296
2,305,667|
||2,335,162|379,898|2,715,060|2,180,615|320,348|2,500,963|
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.
15
Community Housing and Therapy
## Balance Sheet
|Balance Sheet|Balance Sheet||||
|---|---|---|---|---|
|As at 31 March 2024|||Company no. 2940712||
|Note
£
Fixed assets:
9
Current assets:
10
334,399
1,054,056
1,388,455
Liabilities:
11
(505,258)
12
14
2,335,162
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||2024
£
3,766,569|£
476,660
612,170|2023
£
3,786,366|
|||3,766,569
883,197||3,786,366
683,989|
||1,388,455
(505,258)||1,088,830
(404,841)||
||2,335,162||2,180,615||
|||4,649,766
(1,934,706)||4,470,355
(1,969,392)|
|||2,715,060||2,500,963|
|||379,898
2,335,162||320,348
2,180,615|
||||||
|||2,715,060||2,500,963|
Approved by the trustees on 23 September 2024 and signed on their behalf by
Laura Eeles Treasurer
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Community Housing and Therapy
## Statement of Cash Flow
|For the year ended 31 March 2024|||||
|---|---|---|---|---|
|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 by financing activities
Change in cash and cash equivalents in the year
Cash flows from operating activities
Cash flows from financing activities:
Net cash (used in) investing activities
Net cash provided by 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
Decrease (Increase) in debtors
Increase (Decrease) in creditors|£
£
214,098
146,866
142,261
99,908
603,133
(127,070)
(127,070)
(34,177)
(34,177)
441,886
612,170
1,054,056
2024||£
£
195,296
124,135
(6,661)
(81,987)
230,783
(12,247)
(12,247)
(48,833)
(48,833)
169,704
442,466
612,170
2023||
||(127,070)||(12,247)||
||(34,177)||(48,833)||
||||||
|||441,886
612,170||169,704
442,466|
|||1,054,056||612,170|
17
Community Housing and Therapy
Notes to the financial statements
## For the year ended 31 March 2024
## 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
After assessing the current performance of CHT, the trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. Further detail is provided in the trustees' annual report.
## 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:
- Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose
- Expenditure on charitable activities includes the costs of provision of residential accommodation, care and support for people experiencing mental health problems or emotional distress undertaken to further the purposes of the charity and their associated support costs
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
18
Community Housing and Therapy
Notes to the financial statements
## For the year ended 31 March 2024
- 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:
||Land|nil|
|---|---|---|
||Freehold buildings|50 years|
||Fixtures and fittings|5 years|
||Leasehold improvements|5 years|
## 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.
19
Community Housing and Therapy
## Notes to the financial statements
## For the year ended 31 March 2024
- 2 Donations and legacies
|Donations and legacies||||||
|---|---|---|---|---|---|
|Unrestricted
£
10,000
-
-
-
-
-
-
-
-
-
-
-
-
31
10,031
Vernon N Ely Charitable Settlement
Total
Morrisons Foundation
Charles S French Charitable Trust
PF Charitable Trust
Other donations
Donation from Tania's family
Donation from Regan
The Adint Charitable Trust
Elly Jansen award
Donation from B&Q Foundation
Donation from Screfix Foundation
William Allen Young Charitable Trust
Foundation
Shanly Foundation
Ladbrokes Coral Trust|£
-
50,000
10,000
10,000
5,000
5,000
2,000
1,000
-
2,000
2,800
-
-
2,950
90,750
Restricted|2024
Total
£
10,000
50,000
10,000
10,000
5,000
5,000
2,000
1,000
-
2,000
2,800
-
-
2,981|Unrestricted
£
10,000
-
-
-
-
-
-
-
-
-
-
1,101
-
-|£
-
100,000
-
-
-
-
-
-
9,249
2,000
1,200
-
500
729
Restricted|2023
Total
£
10,000
100,000
-
-
-
-
-
-
9,249
2,000
1,200
1,101
500
729|
|||100,781|11,101|113,678|124,779|
20
Community Housing and Therapy
Notes to the financial statements
## For the year ended 31 March 2024
- 3a Analysis of expenditure (current year)
|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
Elly Jansen award
Support costs
Governance costs
Total expenditure 2024
Total expenditure 2023|Cost of
raising
funds
£
16,091
-
-
-
-
-
-
-
-
-
-
-
-
23,668
0
-
-|Charitable activities|Charitable activities|Governance
costs
£
49,395
-
-
-
14,102
11,392
-
-
-
-
-
-
-
-
-
-
-|Support
costs
£
340,385
10,545
1,481
10,375
-
-
47,176
2,140
61,392
13,249
-
-
-
-
-
2,100
-|2024 Total
£
2,427,269
112,254
119,571
253,879
14,102
11,392
83,116
7,241
146,073
97,814
163,313
56,530
27,913
33,678
146,866
15,940
7,470|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
-|
|---|---|---|---|---|---|---|---|
|||Care costs
£
2,010,397
101,709
118,090
243,504
-
-
35,940
5,101
84,681
84,565
163,313
56,530
-
10,010
146,866
13,840
7,470
3,082,016
488,844
74,889
3,645,749
3,157,948|Training
costs
£
11,000
-
-
-
-
-
-
-
-
-
-
-
27,913
-
-
-
-|||||
||39,759
-
-||38,913
-
-|74,889
-
(74,889)|488,844
(488,844)
-|3,724,421
-
-|3,242,199
-
-|
||39,759||38,913|-|-|3,724,421|-|
||57,463||26,787|-|-|3,242,199|-|
21
Community Housing and Therapy
Notes to the financial statements
## For the year ended 31 March 2024
- 3b Analysis of expenditure (prior year)
|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|-|
22
Community Housing and Therapy
Notes to the financial statements
## For the year ended 31 March 2024
- 4 Net income for the year
This is stated after charging:
|This is stated after charging:|||
|---|---|---|
||2024|2023|
||£|£|
|Depreciation|146,866|124,135|
|Interest payable|163,313|108,700|
|Operating lease rentals:|||
|Property|100,556|102,351|
|Other|6,420|6,156|
|Auditors' remuneration (excluding VAT):|||
|Audit|11,750|11,300|
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|2024
£
1,681,689
160,930
73,057
511,592|2023
£
1,479,398
155,365
58,136
502,009|
||2,427,269|2,194,907|
The following number of employees received employee benefits (excluding employer pension costs) during the year between:
|year between:|||
|---|---|---|
||2024|2023|
||No.|No.|
|£60,000 - £69,999|1|-|
|£90,000 - £99,999|-|1|
|£100,000 - £109,999|1|-|
The total employee benefits including pension contributions of the key management personnel were £259,066 (2023: £236,419).
There was only one trustee who was employed during the year and the total benefit from employment with the charity in the year was £17,581(2023: £nil).
Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £2,275(2023: £183).
## 6 Staff numbers
The average number of employees (head count based on number of staff employed) during the year was as
|Charitable activities
Support|2024
No.
47
5|2023
No.
43
5|
|---|---|---|
||52|48|
23
Community Housing and Therapy
Notes to the financial statements
## For the year ended 31 March 2024
## 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 (2023: 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|||||
|---|---|---|---|---|
|At the start of the year
Cost or valuation
Additions in year
At the end of the year
Depreciation
Net book value
Charge for the year
At the start of the year
At the end of the year
At the end of the year
At the start of the year|Freehold
buildings
£
5,016,482
-
5,016,482
1,261,643
100,330
1,361,973
3,654,510
3,754,839|Furniture,
fittings and
equipment
£
41,469
9,748
51,216.98
34,418.03
3,359
37,777
13,440
7,051|Leasehold
improvements
£
98,561
117,323|Total
£
5,156,513
127,070|
||||215,884|5,283,583|
||||74,087
43,177|1,370,148
146,866|
||||117,264|1,517,014|
||||98,620|3,766,569|
||||24,474|3,786,365|
All of the above assets are used for charitable purposes.
## 10 Debtors
|Debtors|||
|---|---|---|
|Prepayments
Trade debtors
Other debtors
Accrued income|2024
£
269,628
28,355
28,703
7,713|2023
£
353,252
28,355
3,621
91,432|
||334,399|476,660|
24
Community Housing and Therapy
## Notes to the financial statements
## For the year ended 31 March 2024
## 11 Creditors: amounts falling due within one year
|Creditors: amounts falling due within one year|||
|---|---|---|
|Bank loans and overdraft
Other creditors
Due between two to five years
Bank loans
Due between one to two years
Trade creditors
Creditors: amounts falling due after one year
Accruals
Due after five years|2024
£
35,149
66,116
195,895
208,098|2023
£
34,640
58,967
179,725
131,509|
||505,258|404,841|
||2024
£
1,934,706|2023
£
1,969,392|
||1,934,706|1,969,392|
||38,252
135,803
1,760,651|36,287
127,769
1,805,336|
||1,934,706|1,969,392|
12 Creditors: amounts falling due after one year
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 £3,654,510.
## 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 2024 £9,187 was owed to the Royal London (2023: £8,275). The pension charge for the year was £73,057 (2023: £58,136).
## 14a Analysis of net assets between funds (current year)
|Analysis of net assets between funds (current year)||||
|---|---|---|---|
|Long term liabilities
Net current assets
Net assets at the end of the year
Tangible fixed assets
Net current assets
Net assets at the end of the year
Tangible fixed assets
Analysis of net assets between funds (prior year)
Long term liabilities|General
unrestricted
£
3,386,671
883,197
(1,934,706)
2,335,162
General
unrestricted
£
3,466,017
683,989
(1,969,392)
2,180,615|Restricted
£
379,898
-
-|Total funds
£
3,766,569
883,197
(1,934,706)|
|||379,898|2,715,060|
|||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)
25
Community Housing and Therapy
## Notes to the financial statements
## For the year ended 31 March 2024
- 15a Movements in funds (current year)
|15a
Movements in funds (current year)||||||
|---|---|---|---|---|---|
|Total restricted funds
Total funds
15b
Elly Jansen award
Total restricted funds
Total funds
Restricted funds:
Donation from Screfix Foundation
William Allen Young Charitable Trust
Foundation
Donation from B&Q Foundation
Elly Jansen award
The Adint Charitable Trust
PF Charitable Trust
Other donations
Donation from Ladbrokes Coral Trust
Charles S French Charitable Trust
Other donations
Charles S French Charitable Trust
PF Charitable Trust
Donation from Regan
Donation from Shanly Foundation
Movements in funds (prior year)
Morrisons Foundation
Bridget Bordewich Bursary Fund
General unrestricted funds:
Bridget Bordewich Bursary Fund
General unrestricted funds:
Restricted funds:
|At 1 April
2023
£
2,180,615
220,348
100,000
-
-
-
-
-
-
-
-
-|Income &
gains
£
3,847,768
-
50,000
10,000
10,000
5,000
5,000
2,800
2,000
2,000
1,000
2,950|Expenditure
& losses
£
(3,693,221)
-
(7,470)
(2,000)
(10,000)
(1,000)
(1,289)
(2,800)
(2,000)
(2,000)
(1,000)
(1,641)|Transfers
between
funds
-
-
-
-
-
-
-
-
-
-
-
-|At 31 March
2024
£
2,335,162
220,348
142,530
8,000
-
4,000
3,711
-
-
-
-
1,309|
||320,348|90,750|(31,200)|-|379,898|
||2,500,963|3,938,519|(3,724,421)|-|2,715,060|
||At 31 March
2022
£
2,085,319
220,348
-
-
-
-
-
-|Income &
gains
£
3,323,817
-
100,000
9,249
2,000
1,200
500
729|Expenditure
& losses
£
(3,228,521)
-
-
(9,249)
(2,000)
(1,200)
(500)
(729)|Transfers
between
funds
-
-
-
-
-
-
-
-|At 1 April 2023
£
2,180,615
220,348
100,000
-
-
-
-
-|
||220,348|113,678|(13,678)|-|320,348|
||2,305,667|3,437,495|(3,242,199)|-|2,500,963|
26
Community Housing and Therapy
Notes to the financial statements
## For the year ended 31 March 2024
## Bridget Bordewich Bursary Fund
As the purchase of Lilias Gillies House enables 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.
## B&Q Foundation
The donations contributed towards Kitchen Refurbishments at our residential service Highams Lodge which transformed the space to become more inviting, practical and a welcoming place for residents to come together and socialise.
The Adint Charitable Trust
The donation contributes towards developing CHT's Training programme which aims to market our Level 7 Postgraduate Diploma course in ‘Relational Practice in Mental Health’ externally and expand our training capacity.
## The William Allen Young Charitable Trust
The donation contributed towards funding activities for each of our seven services to experience day trips they otherwise may not have had the opportunity to do in the wider community and a CHT Wide Trip to Kew gardens where staff and residents gathered to enjoy the plants, nature and surroundings.
## ScrewFix Foundation
The donations contributed towards Kitchen Refurbishments at our residential service Highams Lodge which transformed the space to become more inviting, practical and a welcoming place for residents to come together and socialise.
PF Charitable Trust
The donation contributed to a working care farm trip at Magdalen Farm, Dorset where 11 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 more of our residents, following a successful trip the previous year.
## Charles S French Charitable Trust
The donation contributed towards Highams Lodge Therapeutic Spaces Project to fund additional sensory equipment for the sensory space in the garden room and to create an additional area for residents to have psychotherapy sessions, in the calm and serene garden setting.
## The Shanly Foundation
The donation contributed towards Lilias Gillies House Outdoor Therapeutic Spaces Project where funds were used to purchase garden furniture and plants to enjoy the therapeutic benefits of coming together with others in nature.
## Ladbrokes Coral Trust
The donation contributes towards developing CHT's Training programme which aims to market our Level 7 Postgraduate Diploma course in ‘Relational Practice in Mental Health’ externally and expand our training capacity.
27
Community Housing and Therapy
Notes to the financial statements
## For the year ended 31 March 2024
## 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|2024
2023
£
£
53,225
57,354
52,100
104,159
105,325
161,513
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.
28