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← Community Housing And Therapy

2025-03-31-accounts

Company number: 2940712 Charity Number: 1040713

Community Housing and Therapy

Report and financial statements For the year ended 31 March 2025

Community Housing and Therapy

Contents

For the year ended 31 March 2025

Reference and administrative information ......................................................................................................... 1 Trustees’ annual report ...................................................................................................................................... 2 Independent auditor’s report ............................................................................................................................ 10 Statement of financial activities (incorporating an income and expenditure account) ..................................... 14 Balance sheet .................................................................................................................................................. 15 Statement of cashflows………………………………………………………………………………………………. 16 Notes to the financial statements .................................................................................................................... 17

Community Housing and Therapy

Reference and administrative information

For the year ended 31 March 2025

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:
Michael Watson (Chair)
Laura Eeles (Treasurer)
Sebastian Oram
Laura Chesham (resigned July 2024)
Lynsey Rowe
Dr Sue Mizen (resigned July 2025)
Neelam Khawani-Connett
Monomita Raksit
Roger Robbin-Coker
Catherine Mahoney
Principal staff Peter Cockersell MSc DPsych FRSA Chief Executive
Abd-al Kane Abdullah Chief Operating Officer
Fitsum Teklu (FCCA) 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
110 Golden Lane
LONDON
EC1Y 0TG

1

Community Housing and Therapy

Trustees’ annual report

For the year ended 31 March 2025

The trustees present their report and the audited financial statements for the year ended 31 March 2025.

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.

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.

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.

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.

CHT’s Strategic Direction

Mission:

To provide a residential therapeutic environment for a cohort of people typically with diagnoses of personality disorders and presenting with high-risk behaviours who would otherwise, either long-term or on a revolving door basis, be in hospitals.

To promote psychodynamic ways of working with and understanding mental health problems.

In furtherance of these we will:

Quality:

2

Community Housing and Therapy

Trustees’ annual report

For the year ended 31 March 2025

Marketing:

Financial:

Key Achievements:

We:

3

Community Housing and Therapy

Trustees’ annual report

For the year ended 31 March 2025

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 occupancy levels of 84% through the first eight months of the year and again managed to increase our fees across all our communities. However, there was a significant number of residents’ placements ended by CHT in autumn and winter 2024, and then a sudden drop-off of placements in the first 3 months of 2025, so that occupancy by the end of this period was at an unsustainably low level of under 80%. Since 31 March 2025 occupancy levels have continued to be low. Trustees have been working with management to increase these levels with early signs of success.

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.

CHT posted a surplus, of £130K after depreciation and interest, which was better than we anticipated for 20242025. Total income for the year amounted to £4m. This was 1% higher than the previous year.

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 two international conferences hosted by INDTC, one in Porto, Portugal, and the other in Caltagirone, Italy.

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.

Principal risks and uncertainties

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

4

Community Housing and Therapy

Trustees’ annual report

For the year ended 31 March 2025

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

The charity has a risk strategy comprising:

The most significant risks to CHT in 2024-2025 were placements being ended prematurely and slow placements by local authorities/health trusts, leading to a perilous occupancy position.

Reserves policy and going concern

At the end of March 2025, the cash balance was £1,290k. including cash (£566k) in high interest, but reasonably accessible, accounts.

As low occupancy at the end of the financial year 2024-2025 has continued into 2025-2026 in an increasingly difficult environment, we are focusing more senior time on improving and amplifying our marketing and

5

Community Housing and Therapy

Trustees’ annual report

For the year ended 31 March 2025

pressing for referrals (of which we continue to get enough) to turn into placements (which is where the drag is occurring). We are confident in CHT’s ability to ride this difficult period and have already begun to see an upturn in occupancy in the second quarter of 2025-2026.

The reserves policy of the trustees is as follows:

1) To maintain, as a minimum, reserves sufficient to fund day to day business commitments: £500k.

2) To have reserves, on top of the above minimum, for capital expenditure: £100k.

The level of reserves was approximately £1.1m at the end of this year but is forecast to decrease significantly in 2025-2026. Based on the reserve policy, the trustees believe that the reserve is sufficient to run the business; however, the trustees will be paying special attention to occupancy and income levels at each Board meeting and have devised a series of remedial actions should CHT fall short of the targets set for recovery.

CHT’s services for 2024/25 were budgeted to operate at a small deficit of approximately £13k; however, we ultimately had a surplus of £130K due to high occupancy for two thirds of the year and significantly higher average weekly fees.

Plans for the future

Plans for 2025-2026 and further years are:

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.

6

Community Housing and Therapy

Trustees’ annual report

For the year ended 31 March 2025

The trustees are planning to change the charity’s articles of association in the next financial year 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. The disclosure of consultancy work completed by one Trustee is shown on page 22.

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 been consistent in 2024-2025, with the resignation of only one trustee, Laura Chesham. Laura Eeles continues to be Treasurer and Michael Watson Chair.

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 CHT maintain responsibility for the housing management. Central and Cecil has been taken over by another Housing Association, Aster Group, 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 is one year left to run on the lease and we are considering extending the lease for at least one year when this lease expires.

We worked with Qualifi on the re-accreditation of our Diploma in Relational Practice in Mental Health, which has to be done very three years; we successfully enrolled three external students, all from the NHS, as a pilot, and all have now completed the Diploma. We will pilot charging fees in 2025-2026.

We are applying for planning permission for the building of a block of 8 flats in the garden of Mount Lodge, with the support of East Sussex County Council. If granted we will look for a housing association partner with which to develop them.

7

Community Housing and Therapy

Trustees’ annual report

For the year ended 31 March 2025

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.

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:

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:

8

Community Housing and Therapy

Trustees’ annual report

For the year ended 31 March 2025

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 2025 was 10 (2024:11). 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 6[th] October and signed on their behalf by

Laura Eeles Treasurer

9

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 2025 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.

10

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.

11

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 noncompliance with laws and regulations, our procedures included the following:

12

Independent auditors’ report

To the members of

Community Housing and Therapy

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 non-compliance. 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.

Farrah Kitabi (Senior statutory auditor)

25 November 2025

for and on behalf of Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, LONDON, EC1Y 0TG

13

Community Housing and Therapy

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

For the year ended 31 March 2025

Unrestricted
Note
£
Income from:
2
10,794
3,771,785
17,672
Other Income
42,489
3,842,739
38,161
3,628,333
113,579
3
3,780,073
62,667
Reconciliation of funds:
2,335,162
2,397,828
Donations and legacies
Charitable activities
Care
Training
Total income
Expenditure on:
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		 Unrestricted
Note
£
Income from:
2
10,794
3,771,785
17,672
Other Income
42,489
3,842,739
38,161
3,628,333
113,579
3
3,780,073
62,667
Reconciliation of funds:
2,335,162
2,397,828
Donations and legacies
Charitable activities
Care
Training
Total income
Expenditure on:
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		 Restricted
£
133,090
-
-
11,065		 2025
Total
£
143,884
3,771,785
17,672
53,554		 Unrestricted
£
10,031
3,795,545
8,803
33,389		 Restricted
£
90,750
-
-
-		 2024
Total
£
100,781
3,795,545
8,803
33,389
3,842,739 144,155 3,986,894 3,847,768 90,750 3,938,519
38,161
3,628,333
113,579		 -
67,000
10,000		 38,161
3,695,333
123,579		 39,759
3,625,549
27,913		 -
20,200
11,000		 39,759
3,645,749
38,913
3,780,073 77,000 3,857,073 3,693,221 31,200 3,724,421
62,667
2,335,162		 67,155
379,898		 129,821
2,715,060		 154,547
2,180,615		 59,550
320,348		 214,098
2,500,963
2,397,828 447,053 2,844,881 2,335,162 379,898 2,715,060

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.

14

Community Housing and Therapy

Balance Sheet

Balance Sheet
As at 31 March 2025 Company no. 2940712
Note
Fixed assets:
9
Current assets:
10
Liabilities:
11
12
14
Total unrestricted funds
Cash at bank and in hand
Tangible assets
Restricted income funds
Unrestricted income funds:
General funds
Total charity 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		 £
249,092
1,288,431		 2025
£
3,674,171		 £
334,399
1,054,056		 2024
£
3,766,569
3,674,171
1,061,514		 3,766,569
883,197
1,537,523
(476,009)		 1,388,455
(505,258)
2,397,828 2,335,162
4,735,684
(1,890,803)		 4,649,766
(1,934,706)
2,844,881 2,715,060
447,053
2,397,828		 379,898
2,335,162
2,844,881 2,715,060

Approved by the trustees on 6 October 2025 and signed on their behalf by

Laura Eeles Treasurer

15

Community Housing and Therapy

Statement of Cash Flow

For the year ended 31 March 2025
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 for the reporting year
(as per the statement of financial activities)
Depreciation charges
Decrease in debtors
(Decrease)/increase in creditors

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		 £
£
129,821
140,059
85,307
(36,987)
318,200
(47,659)
(47,659)
(36,166)
(36,166)
234,375
1,054,056
1,288,431
2025		 £
£
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
(47,659) (127,070)
(36,166) (34,177)
234,375
1,054,056		 441,886
612,170
1,288,431 1,054,056

16

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2025

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:

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

17

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2025

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.

18

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2025

1 Accounting policies (continued)

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.

2 Donations and legacies

Donations and legacies
Unrestricted
£
10,000
-
-
-
-
-
-
-
-
-
-
-
-
794
10,794
Ladbrokes Coral Trust
Total
Charles S French Charitable Trust
Other donations
The Adint Charitable Trust
Elly Jansen award
Donation from B&Q Foundation
Donation from Screfix Foundation
William Allen Young Charitable Trust
Foundation
Shanly Foundation
The National Lottery Community
Fund
Chalk Cliff Trust
The Truemark Trust
PF Charitable Trust
Vernon N Ely Charitable Settlement		 £
-
50,000
51,802
10,000
5,000
3,000
5,000
5,000
2,000
-
-
-
-
1,288
133,090
Restricted		 2025
Total
£
10,000
50,000
51,802
10,000
5,000
3,000
5,000
5,000
2,000
-
-
-
-
2,082		 Unrestricted
£
10,000
-
-
-
-
-
-
-
-
-
-
-
-
31		 £
-
50,000
-
10,000
5,000
2,000
-
-
2,800
10,000
5,000
1,000
2,000
2,950
Restricted		 2024
Total
£
10,000
50,000
-
10,000
5,000
2,000
-
-
2,800
10,000
5,000
1,000
2,000
2,981
143,884 10,031 90,750 100,781

19

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2025

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 2025
Total expenditure 2024		 Cost of
raising
funds
£
28,585
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
28,585
9,576
-
38,161
39,759		 Charitable activities Charitable activities Governance
costs
£
54,071
-
-
-
14,640
-
-
-
-
-
-
-
-
-
-
-
-
68,711
-
(68,711)
-
-		 Support
costs
£
305,342
16,785
1,915
17,937
-
-
55,578
2,841
68,861
9,558
-
-
-
-
-
-
-
478,817
(478,817)
-
-
-		 2025 Total
£
2,696,650
113,450
99,219
179,063
14,640
16,323
91,814
9,547
155,792
107,268
161,049
(18,813)
42,165
24,547
140,059
22,095
2,205
3,857,073
-
-
3,857,073
3,724,421		 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
Care costs
£
2,241,603
96,665
97,304
161,126
-
16,323
36,236
6,706
86,931
97,710
161,049
(18,813)
-
24,547
140,059
22,095
2,205
3,171,746
454,876
68,711
3,695,333
3,645,749		 Training
costs
£
67,049
-
-
-
-
-
-
-
-
-
-
-
42,165
-
-
-
-
109,214
14,365
-
123,579
38,913
3,724,421
-
-
-
-

20

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2025

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
Elly Jansen award
Support costs
Governance costs
Total expenditure 2024
Total expenditure 2023		 Cost of
raising
funds
£
16,091
-
-
-
-
-
-
-
-
-
-
-
-
23,668
-
-
-
39,759
-
-
39,759
57,463		 Charitable activities Charitable activities Governance
costs
£
49,395
-
-
-
14,102
11,392
-
-
-
-
-
-
-
-
-
-
-
74,889
-
(74,889)
-
-		 Support
costs
£
340,385
10,545
1,481
10,375
-
-
47,176
2,140
61,392
13,249
-
-
-
-
-
2,100
-
488,844
(488,844)
-
-
-		 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
3,724,421
-
-
3,724,421
3,242,199		 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
-
-
-
-
38,913
-
-
38,913
26,787
3,242,199
-
-
-
-

21

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2025

4 Net income for the year

This is stated after charging:

This is stated after charging:
2025 2024
£ £
Depreciation 140,059 146,866
Interest payable 161,049 163,313
Operating lease rentals:
Property 107,553 100,556
Other 6,953 6,420
Auditors' remuneration (excluding VAT):
Audit 12,200 11,750

Staff costs were as follows:

Staff costs were as follows:
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes
Other staff costs		 2025
£
1,879,427
193,179
69,466
554,578		 2024
£
1,681,689
169,962
64,025
511,592
2,696,650 2,427,269

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


year between:
2025 2024
No. No.
£60,000-69,999 1 1
£70,000 - £79,999 2 -
£100,000 - £109,999 1 1

The total employee benefits including pension contributions of the key management personnel were £293,910 (2024: £259,066).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £1,501 from two trustees (2024: £2,275).

6 Staff numbers

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

Charitable activities
Support		 2025
No.
48
6		 2024
No.
47
5
54 52

22

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2025

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 (2024: none).

One of the trustees, Dr Susan Mizen, worked as a consultant during the year with a total payment of £24,000.

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
Additions in year
Disposal
At the end of the year
Depreciation
Cost or valuation
At the start of the year
Net book value
At the end of the year
At the start of the year
At the start of the year
Charge for the year
Disposal
At the end of the year		 Freehold
buildings
£
5,016,482
-
-
5,016,482
1,361,972
100,330
-
1,462,302
3,554,180
3,654,510		 Furniture,
fittings and
equipment
£
51,217
4,270
(21,005)
34,482
37,777
2,810
(21,005)
19,582
14,900
13,440		 Leasehold
improvements
£
215,884
43,389
-		 Total
£
5,283,583
47,659
(21,005)
259,273 5,310,237
117,264
36,919
-		 1,517,013
140,059
(21,005)
154,183 1,636,067
105,090 3,674,171
98,620 3,766,570

All of the above assets are used for charitable purposes.

10 Debtors

Debtors
Prepayments
Accrued income
Trade debtors
Other debtors		 2025
£
176,173
28,355
12,802
31,762		 2024
£
269,628
28,355
28,703
7,713
249,092 334,399

23

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2025

11 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Creditors: amounts falling due after one year
Bank loans and overdraft
Trade creditors
Other creditors
Accruals
Due between two to five years
Due after five years
Bank loans
Due between one to two years		 2025
£
42,887
50,623
141,926
240,573		 2024
£
35,149
66,116
195,895
208,098
476,009 505,258
2025
£
1,890,803		 2024
£
1,934,706
1,890,803 1,934,706
46,443
161,685
1,682,675		 38,252
135,803
1,760,651
1,890,803 1,934,706

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 £3,554,180.

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 2025 £11,066 was owed to the Royal London (2024: £9,187). The pension charge for the year was £69,466 (2024: £64,025).

24

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2025

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

14a
Analysis of net assets between funds (current year)
14b
Long term liabilities
Net assets at the end of the year
Net assets at the end of the year
Analysis of net assets between funds (prior year)
Tangible fixed assets
Net current assets
Tangible fixed assets
Net current assets
Long term liabilities		 General
unrestricted
£
3,227,118
1,061,514
(1,890,803)
2,397,828
General
unrestricted
£
3,386,671
883,197
(1,934,706)
2,335,162		 Restricted
£
447,053
-
-		 Total funds
£
3,674,171
1,061,514
(1,890,803)
447,053 2,844,881
Restricted
£
379,898
-
-		 Total funds
£
3,766,569
883,197
(1,934,706)
379,898 2,715,060

25

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2025

15a Movements in funds (current year)

15a
Movements in funds (current year)
Total restricted funds
Total funds
15b
Total restricted funds
Total funds
Bridget Bordewich Bursary Fund
General unrestricted funds:
Restricted funds:
PF Charitable Trust
PF Charitable Trust
The Truemark Trust
Chalk Cliff Trust
Other donations
The Adint Charitable Trust
Donation from Screfix Foundation
William Allen Young Charitable Trust
Shanly Foundation
Movements in funds (prior year)
Donation from B&Q Foundation
Bridget Bordewich Bursary Fund
General unrestricted funds:
Elly Jansen award
Donation from Screfix Foundation
William Allen Young Charitable Trust
Foundation
Donation from B&Q Foundation
Elly Jansen award
The Adint Charitable Trust
The National Lottery Community Fund
Charles S French Charitable Trust
Donation from Shanly Foundation
Donation from Ladbrokes Coral Trust
Restricted funds:
Other donations		 At 1 April
2024
£
2,335,162
220,348
142,530
-
8,000
-
4,000
3,711
-
-
-
-
1,309		 Income &
gains
£
3,842,739
-
55,145
51,802
-
10,000
-
5,000
2,000
5,000
3,000
5,000
1,288		 Expenditure
& losses
£
(3,780,073)
-
(2,205)
(48,732)
(2,000)
(10,000)
(1,000)
(4,546)
-
-
-
-
(2,597)		 Transfers
between
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 At 31 March
2025
£
2,397,828
220,348
195,470
3,070
6,000
-
3,000
4,165
2,000
5,000
3,000
5,000
-
379,898 138,235 (71,080) - 447,053
2,715,060 3,980,974 (3,851,153) - 2,844,881
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

26

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2025

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.

The National Lottery Community Fund Donated £51,802 in two instalments. The first, £25,901 in May 2024 and the second, £25,901 in December 2024. These grants represent the first year of a three-year grant (totalling £157,146) to delivery our Experts by Experience programme between May 2024 and May 2026. This income covers all project activities, our Lived Experience Coordinator Salary and a 10% contribution towards overheads costs.

The Adint Charitable Trust Donated £10,000 in August 2024 towards the annual cost to delivery our training programme, and develop the Diploma.

William Allen Young Charitable Trust Donated £5,000 in August 2024 towards our annual Project Activity Fund, which cover travel, catering and entry fees for residents across our communities to take part in therapeutic activities taking place in February 2025 and March 2025.

Shanly Foundation Donated £3,000 in February 2025 towards Richmond House external garden therapy room, a small capital project (total cost £10,739) which will be delivered later in 2025 (we are currently still fundraising for this project).

Chalk Cliff Trust Donated £5,000 in November 2024 towards our annual Art Therapy programme. This money is ringfenced specifically for activities at Mount Lodge, with £3,280 allocated towards art materials / other project related activities, and £1,720 towards project related staff costs (contribution towards evaluation and supervision by our Senior Psychotherapist.

The Truemark Trust Donated £5,000 in March 2025, part funding towards delivery of a Horticultural Therapy Programme at Highams Lodge between April 2025 and March 2026. (Total cost of the project, £11,298). This grant can be used for project costs and proportionate permanent CHT staff salary costs as they pertain to this project - for example, evaluation, supervision and project management.

PF Charitable Trust

Donated £2,000 in March 2025 part funding towards delivery of a Horticultural Therapy Programme at Highams Lodge between April 2025 and March 2026. (Total cost of the project, £11,298). This grant can be used for project costs and proportionate permanent CHT staff salary costs as they pertain to this project - for example, evaluation, supervision and project management.

27

Community Housing and Therapy

Notes to the financial statements

For the year ended 31 March 2025

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		 2025
2024
£
£
58,553
53,225
8,000
52,100
66,553
105,325
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