eofdSvJn Oo¢um•mlD.. 61d02211.7e7645•OqdOt46186k38•56 Company reglstration number: 03009035 Charity reglstration number.. 1043921 [ST PAULS] lp• S•rt H•rn ST PAUL'S HOSTEL TRUSTEES. REPORT AND FINANCZAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 •AEH4EiI0 1011212025 COMPANIES HOUSE A06
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hlSn O•e4wfi•ftht ID.. 66d02211.7•764SeQ•adD141616H¢335$ st Paul's Hostel Contents Page Trustee5' Report Independent Auditoffs Report ststement of Financial Activities (Including Income and Expenditure Account) io Comparatlve Statement of Flnantlal Activltle5 (Includlng Income and Expenditure Ac¢ount) li Balance Sheet 12 Statement of Cash Flows 13 Notes to the Statement of Cash Flows 14 Notes to the Flnancial Statements 15-24
8oldSlgn Do¢umeht ID: 66d02211.7e7645eOthad01.b61666c33eSS St Paul's Hostel Company No. 03009035 Trustees. Report For The Year Ended 31 March 2025 The trustees present their port and the financial statements for the year ended 31 March 2025. Objectlves and Activities Aims and ObJ•rtlv•s The prlncipal activity of the company, in the year under review, was that of providing occommodation for the single homele55. We have referred to the guidance contalned in the Charlty Commission's general guidance on public benefit when reviewlng our oblectlves and activities and In plannlng our future actlvlties. In particular, the trustee5 consider how planned activitles will contribute to the objettlve5 and aims they have set. In a country where no one should be homele55 St Paul'5 M155ion is: To brlng a sense of immediacy & actlon to the causes, symptoms & effects of homelessness. With 8 Vislon, to make all homele55ne55 In Worcestershire temporaryi by des19n. St Pauls works to.. Provlde action not words To fight apathy & indifference To realise the potential of partnership worklng To empower and insplre To create choice and opportunlty Our values are.. l. Inte9rity - We art. People come to us in crisis, and they need support that's reliable, real, and rooted In action. 2. 3u•tlce We challenge the Idea that homele55ne55 Is Inevltable or acceptable. We confront Indlfference In 5Y5tems and attitudes, and advocate lor people where barrlers exist. 3. Collabor•tion We know we can't do thls alone. Our best work happens in partnership agencie5, and with our communlty. We Invest in relatlonship5 that make change p9551ble. 4. Respert-we Walk alon9slde people, not ahead of them. We believe everyone has Strengths ond potential Jnd we support people to build trust, rediscover thelr value, and make changes at their own pace. 5. Equlty We create conditions where people can make meaningful choices - often for the first time in thelr lives. That means tackllng barriers, offerlng tailored support, and expecting different outcomes. 6. Accountabtlity - We're honest about what we can and can't do. We work withln our Ilmlts. stay grounded. and cornmunicate openly - with residents, partners, and each other. with residents, wlth Publlc 8•n¢flt The maln areas of actlvity and whom we try to help are described below. Also, we aid people who find themselves needlng help to alleviate drug or alcohol addlctlon, often closely related to rough sleeplng or homelessness. The capabillties we have. to meet these objectlve5 include sife and secure accommodation, indivldual and group counsellingi wellbelng sesslons, life skills traSnlng¢ Job coaching and training. The trustee5 confirm that they have complied with the requlrements of Section 17 of the Charitles Act 2011 to have due regard to the Charity Commlssion's guldance on publlc beneflt. Achlevements ond Performance M•ln AchSev•ment$ Summary of Main Achievement5 a. The Te•m - Retentlon of Staff remains Incredibly high wlth only I member of the team movlng on for a career change and another to help with grandchildren. b. Tralnlng and development - the team took part In tralning which included.. NEBOSH certiflcation. Mental Heath Forst Ald, Suicllle Preventlon, Trauma Informed Practice. c. Referral$ We had 308 referrals in 2024-25. 50% were rough sleeping and an increase of 12010 year on year. We designed an online referral system and opted to take referrals from Worcestershire only, tackling IKJmele5sness on our doorstep and improvlng partnerships. d. Move On In 2024-25 Successful move on accounted for 34010 of the 23 departures from the h05tel: with resldent5 reinstating relationships wlth family, moving Into St Paul's resettlement house or taklng on their own accommodatlon. e. Occupancy - Hostel c(cupancy levels have rnaIned high at 94.3% this year and the hostel accommodation has helped over 60 people this year. ..CONTtNUED Page I
Boldsign Document ID- 66d02211-7e7645eO4d01-b61666c33eSS St Paul's Hostel Trustees, Report (continued) For The Year Ended 31 March 2025 Main Achlevements - contlnued f. Counselllng The Cognltive Behavioural Therapy (CBT) counselling servlce provlded over 900 hours of Counselling to both St Paul's residents and individuals referred from partner agencies, with a utilisation rate of 96% g. Provision of Holistic Therapies including Mindfulness, Thought Therapy and Hypnotherapy for 10 hours per week whlch has helped over SO people inside ènd outside of the Hostel community. h. Kitchen Scheme - Thirteen residents have taken part in our kitchen assistant scheme. l. Partner Agencies - This year 5t Paul's has continued to work closely with partner agencies including Mag9s Day Centre, Emerging Futures and Worcester City Councll as part of the Rough sleeper Drug and Alcohol Treatment Grant funded by the Office for Health Improvement and Disparities. This grant also enabled us to work with an NHS Psychologist providing much needed mental health support to St Paul's residents and host drop-in clinlcs wlth the local Drug and Alcohol service. St Paul's Hostel St Paul'5 hostel is central to our service. It has facilities for 42 people plus two self-contained resettlement flats on the same site. The chèrlty provides single room accommodation. nutritlous food and tenancy support. The Project Workers undertake tasks to help people manage their accommodatlon and build 5elf-efficacy to establish themselves as able to live an inter- dependent life. st Paul's Resettlement Servlc• St Paul's own 2 properties which are known as resettlement propertie5. These 8 beds provide the next step from the hostel, usin9 the Housing Ready philosophy. From this Stage, staff offer Houslng Management services to help a person retain the tenancy* building 5111ence and 5elf- efflcacy. St Paul's Counselling Service The in-house C8T tounselling service provides almost Immedlate access to an accredited counsellor for crlsls Interventbon or therapy. Service utilization is above 940/0 and we have further reduced the walting tlme for appointments. Housing Flrst Project (WZSSH from Olst Aprll 2025) The Worcestershire Housing First Pilot, funded by the Busines5 Rates Retentlon fundln9 from Worcester5hlre County Councll nd 5 dlstrict counciIs ended on 31 March 2025. From the 1st Aprll 2025, St has been plaCed by a reduced service wlth reduced staffing. (WISSH}. Financial Review Fln•nclal Posltlon High levels of occupancy and a hlgher level of grants, legacies and donation5 have helped to reduce the budgeted deficit for this financlal year, which was welcome news. The key flnancial risk for the comino year contlnues to be the funding of those services not funded by Flousing Beneflt Income, namely Coun5elling and Therapeutlc Servlces, Support Services and the Kitchen Service Project. However, we have been fortunate in already securing some part fundin9 for these activities for the next financial year. Reserves Policy The Trustees have revlewed the charlty's needs for reserves in accordance with the guldance Issued by the Charlty Commisslon and have considered the desirabi1Sty of holding sufficient funds to meet unexpected d15ruption of the Income flow. The level of reserves held at the year-end were as follows- a) Total lunds (Restricted and Unrestricted) - El,311,854 (2024.. É1,306.522} bl Restricted funds - É85,000 12024.. £01 c} Designated fund5 - £300,000 {2024'. £300,000) d) Non Ilquid funds (held as fixed assetslprogramme related Investments) - £505.502 (2024.. £558,980) After making allowances for item5 B tg D above free serveS amounted to £421,352 (2024.. £447.542). These free reserves are considered reasonable and appropriate for the size of the charity. The designed fund of E300,000 is in relation to anticipated future development costs, On this basis, The Trustee5 conslder that the reserves are at a realistic level to ensure the effective and èfficient running of the charlty. Risk Management The is an up-to-date Risk Management Policy. Rlsks are identified, assessed and controlled wlth some High ProbabS11ty and/or High Impact risks being elevated from the Leadership and Nanagement Team to the Finance Sub-committee, or the Board of Trustees, Monitoring procedure5 have been put in place to evaluate on a continuing basis, levels of rbsk exposure and to review at a Board (strategic) and Leadership and Management (operational) level. Page 2
BoldSi9n Oocumerrt ID: 66d02211-7e7645eO•ad01.b61666¢33eSS St Paul's Hostel Trustees, Report (continued) For The Year Ended 31 March 2025 Future Developments Our future plans wlll focus on: Creating a work force of people who have the right skllls. competencles, and attitude of mlnd to work in a Trauma Informed way. Dellver Trauma.Informed services that meet the need5 of the homeless person and prevent the need to re-acce55 homeless services in the future. Change public attitudes towards homelessness at the local and regional level. so that the public want change and homelessness Is less Ilkely. Have sustainable income and a capital investment programme, so we can help homeless people until homelessness Is ended. Secure Recovery & Reconnect Team funding 1£235k). Agree with Sanctuary new lease and clarify redevelopment pathway. Plan and begin to deliver 50th anniversary profile-raising campaign. Launch nevd data tools and quarterly impact reportlng. structure, Governan¢¢ and Management Trustee Selertlon Methods The directors of the tompany are also the charity tru5tee5 for the purp05e5 of charity law and under the company's Articles are known as "Trustees" The Board of directors Is referred to ès the "Council of Trustees" Every member currently contrlbutes £1 and from the membership Is elected the Councll of Trustees who In thelr turn may appoint a Management Committee to organise the day-to-day running of the charity. The Council of Trustees in office durrng the year is shown on the previous page together with the legal details of the charity. Whlle the flr5t Point of Contact for potentlal trustees Is the CEO, the Chalr of Trustees coordlnate5 5ele¢tSon of Tru5tee5, thereby preserving the necessary separatlon between governance and operatlon5. The term of office for the Chalr and Vice Chair shall be as near as posslble to three years. However, a retirln9 officer may, Sf the Trustees thlnk flt and helshe Is willing to contlnue In offlce, be re-elected. The maxlmum term of office is ten years. The secretary and one thlrd of other Councll members must retlre at each Annual General Meetlng but may offer themselves for re-electlon. The Management Team is supported by the Finance and General Purposes sub.committee of Trustees who make recommendatlon5 to the Board of Trustees on flnbnce, propertyi Strategic planning and human resources matters and execute any delegated matter set by Trustee5. The Council of Trustees is aware of the specific needs of the charity's client group and the balance of expertise of exlsting trustees. Potential new Trustees are Identified by the Trustees. often from the large pool of volunteer5 and are Invited to offer themselves for electlon to the Councll. Endurtion and Tralnln9 of Trustees Most Trustees ère already aware of the charlty's work prior to thelr appolntmènt and Indeed the profile ol the charity and its work 15 the primary motivation to volunteer. Trustees understand their duties a5 charity trustees and company directors and tralning is offered with external national provider5. They meet the Chief Executive and Finance Manager and vlsit the services to understand the culture and ethos of St Paul's. They have available up to date guidance on re5p01151bilities for belng è Trustee published by the Charlty Commisslon. Governanc¢ jnd Managernent St Paul's Hostel has a Council of Trustees which meets on a regular basis. The Council {the term 'Board' is used) of Trustee5 met four tlmes In 2024125. In addition to the members of the Council of Trustees, the Chlef Executive and Finance Manager along With the 4 Servlce Managers and Fundralslng Manager (together th15 15 the Leadership and Management Team) attend Trustee Board meetlngs. A General Purposes and Finance Sub-committee was established in October 2012 In view of the expanslon of services bein9 offered and to enable more detailed discussion on the financial figures outside of the full Trustees meetings. This Committee Is also responsible for 5ettlng pay and renumeration for key management personnel bosed on current market rates. There were four meetings in the period. The Chief Executive and Flnance Manager attend these. The Trustees delegate the responsibility for the day-to-day operation of the charity to Management staff led by the Chief Executive wlth delegated powers. In addltion to the full and part time staff, the charity a150 uses volunteer workers whose value cannot be precisely measured In terms of cost. The volunteers are under the supervision and coordlnation of each Servlce Manager. Volunteers have numerous role5, but the majority provide daily kitchen serving duties. At the present time, the staff con515t5 of.. .CONTINUED Page 3
Boldsign Document10: 66d02211-7e7645eO-ad01.lJ61666¢33eSS St Paul's Hostel Trustees. Report (continued) For The Year Ended 31 March 2025 Inductlon and Tralnlng of Trustees - continued I Chief Executive l Flnance Manager and Company Secretary (part tlme) l Facilities Manager l Hostel Manager l Deputy Houslng Manager 10 Project Workers (full and pltlmel 2 Housekeepers (part time) Up to 4 Relief Workers (part time) l Fund Raising Manager l Finance Officer (part time) l Admin Officer (part timel I Chef and Catering Manager Up to 2 part time Kitchen A5SlStants {often found from residents or former residents) The Worce5tershlre Houslng Flrst servlce finlshed at the end of March 25 and has been replaced by a one year support service contract (WISSH). This néw contract will employ.. • l Housing First Service Manager 4 Housing First Case Managers {was 6 at Mar 25) I Peer Support Worker In addition, the Hostel staff are supported by up to 20 volunteers. Key Management Remuneratlon Total remuneration paid to key management personnel was £74,972 (year.. £94,562) durlng the year (excludlng employers pension contributions). Organlsatlonal Structure The charity is controlled by its governing document. a deed of trust, and constitutes a limited companyi limited bv guarantee, a5 deflned by the Companies Act 2006. The organisation 15 a charitable company limited by guarantee incorporated on 12 January 1995. The company was establlshed under a Memorandum of A550ciatlon whlch defines the company's objects and Is governed under its Article5 01 Association. In the event of the company being wound up the members are required to contrlbute an amounr not exceeding £1. St Paul's Hostel was èn unincorporated charlty prlor to Incorporation, whose actlvltles began in 1977. The objects of the unincorporated body were broadly similar to the current charity. Relat•d Partles None ol our trustees receive remuneratlon or any beneflt from thelr Work wlth the charity. Any connection between trustee or senior management of the charity with any grant providers, customers, suppliers or beneficiarles must be disclosed to the board of trustees. The trustees and management also aim to maintain and develop sustainable relatlon5hips with local authoritles and other charitieslorganisations as requlred. Page 4
8oldSlgn Documènt ID.. 66d02211-7•7645eO-ad01-b61666¢33eSS St Paul's Hostel Trustees, Report (continued) For The Year Ended 31 March 2025 Referencè and Admini5tratlve Detalls Trustees Mr Karl Archer Ms Claire Bridge5 Ms Samantha Cliff Mr Philip Fowler Mr Michael Hudson (appolnted 2211012024) Ms Debra Morrbs Mr Matthew Rothwell Mr Andrew Pascoe (appointed 1010612025) Ire5lgned 0111212025) Ms Jo-Anne Jefferson (appointed 1510912025) Company Secretary Mrs Deborah Collins (appointed 0111012024) Charlty Number 1043921 Company Numb¢r 03009035 Audltors RD Accountlng Limited 12C Two Locks Hurst Business Park Brlerley Hlll DY5 IUU Bankers CAF Bank Llmlted 25 Klng5 Hill Avenue West Malllng Page 5
BoidSi9n Doeumèni ID.. 66d02211-7è7645eO.ad01-b61666e33eSS st Paul's Hostel Trustees, Report (continued) For The Year Ended 31 March 2025 statement of Trustees. Responsibilltles The trustees (who ère also the dirertors of St Paul'5 Hostel for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requlres the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resource5 and application of resources, including the income and expenditure. of the charitable company for that period. In oreparing the financbal statements the trustees are requlred to: Select suitable accounting policies and then apply them cons1Stentlvi observe the methods and principles in the Charity SORP,. make )udgment5 and accounting estimates that are reasonable and prudent,. and prepare the financial statements on the going concern bas15 unle55 It 15 inappropriate to presume that the companv wlll continue In buslne5S. The trustees are responsible for keeping adequate accountino records which disclose with reasonable accuracy at anytime the flnancial p051tion of the charitable company and to enable them to ensure thot the accounts comply with the Companles Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud an(J other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company'5 website. Legislation in the United Kingdom governing the preparation and dissemination of financial stsiement5 may dlffer from le9lslation in other Jurisdlctions, stat•ment of Dlsclosure of Informatlon to Audltor¥ Each of the persons who are trustee5 at the time when this trustees. pOrt is approved has confirmed that: so far as the trustee is aware, the Is no relevant audit informatlon of whlch the charitable company's audltors are unaware,. and they have taken all the steps that they ought to have taken as trustees In order to make themselve5 aware ¢1 Jny relevant audlt informatlon and to establish that the charltable cornpany's auditors are aware of that inlomiatlon. Small Company Rules This report has been prepared In accordance with the speclal provisions relating to companies subject to the small companies regime withln Part 15 of the Companles Art 2006. The trustee5' report was approved by the board of trustees and slgned on its behalf by: Mr Philip Fowler Trustee Date 1210812025 Page 6
Boldsign Docrrnt ID: 66d02211-7e7645eO-ad01-b61666c33e55 Independent Auditor's Report to the Members of St Paul's Hostel Oplnion We have audited the flnancial Statements of St Paul'5 Hostel (the "charlty'j for the year ended 31 March 2025 whlch comprlse the Statement of Financlal Activlties (including Income and Expenditure Account), Balance Sheet, Qsh Flow Statement and the related notes, including a summary of signlficant accounting policies. The financlal reporting framework that has been applied In their preparation is applicable law and Unlted Kingdom Accounting Standard5 IUnSted Kingdom Generally Accepted Accountin9 Practice), including FRS 102 "The Financlal Reporting Standard applicable in the UK and Republic of Ireland" In our opinion the financial statements: glve a true and fèir vlew of the State of the charitable company's affbirs as at 31 March 2025 and of it5 incomln9 resources and application ol resources, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and have been prepored in accordance with the requirements of the Companie5 Act 2006. Basis for Oplnlon We conducted our audlt in accordance with Internatlonal Standards on Auditing (UK) {ISAs {UKI} and appllcable law. Our responsibilities under those standards are further described In the Auditor's responsibilities for the audlt of the financial Statements section of our report. We are independent of the charitable company in accordance with the ethical requirement5 that are relevant to our auéit of the financlal statement5 in the UK, Including the FRC's ethlcal Standard, and the provisions available for small entitSes, in the circumstances set out in note 27 to the financial statements, and we have fulfilled our other ethical responsSbilities In accordance with these requirements. We believe that the audlt evidence we have obtained is sufficlent and approprlate to provlde a ba515 lor our oplnlon. Concluslons R•l•ting to Golng Concern In audlting the financbal statements, we have concluded that the trustees. use ol the going concern basis ol accountln9 In the preparatlor) of the financlal statements Is appropriate. Based on the work we have performed. we have not Identifled any material uncertalntle5 relatlng to events or condltlons that, indivldually or collectively, may cast slgnllicant doubt on the charitable company's ability to continue as a going concern lor period of at least 12 months from when the financial statements are authorised for issue. Our respor15ibllltles and the re5ponslbllltle5 of the trustees with respect to golng concern are described in the relevant sectlons of this report. other Inforniatlon The other information compri5e5 the informatlon included in the annual report, other than the financial statements and our auditor's report theregn. The trustees are responsible for the other information contalned withSn the annual report. Our oplnion on the flnanclal statements does not cover the other Inlorrnatlon and, except to the extent otherwbse explicllly stated in our report, we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial statements. our responslbility is to read the other information and, In doing 50, consider whether the other information 15 materlally incon515tent with the financlal statements or our knowledge obtained In the audlt or otherwise appears to be materially misstated. If we identify such materlal InconsistencSes or apparent rnaterial mlsstatements, we are requlred to detemine whether thls gives rise to a material mi5Statement in the financial statements themselves. If, based on the work we have performed. we conclude that there 15 a materlal misstatement of thls Other information, we are required to report that fact. We have nothing to report in this regard. Oplnions on Other Matters Prescribed by the Companles Art 2006 In our oplnlon, based on the work undertaken In the course of the audlt.. the information given in the Trustee5' Report, which includes the Director'5 Report prepared for the purposes of ompany law, for the flnancial year for which the financial 5totements are prepared is consistent with the financial statements,. and the Director's Report included within the Tru5tees' Report have been prepared in accordance wlth appllcable legal requirements. Page 7
8oldSign Oo¢ument10' 66d02211-7e764Se04d01-b61666c33tSS Independent Auditor's Report (continued) to the Members of st Paul's Hostel Matters on Which We Are Requlred 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 Director's Report included wlthin the Trustees, Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 require5 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 accountlno records or returns. or ertain disc105ures of trustees, remuneratlon specified by law are not made; or we have not received all the information and explanations we require for our audit,. or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advanta9e of the Small companies, exemptions in preparing the Trustees, Report and Irom the requirement to prepare a Strategic Report. Responslbllltles of Trustees As explained rnore fully in the Trustees, Responslbilities Statement set out on page 1-6, the trustees (who are also dlrectors of the charitable company for the purposes of company law) are responsible for the preparatlon ol the financlal statements and for being satisfied that they give a true and fèir view, and for such internal control a5 the trustees determine is necessary to enable the preparation. of financial ststements that are free from rnaterial misstatement, whether due to fraud or error. In preparlng the financial statements, the trustees are re5pon51ble for a55e55lng the charitable company's ablllty to continue as a going concern, disclosing, as appllcable, matters related to going concern and uslng the going concern basis of accounting unless the tru5tee5 either intend to liquidate the charity or to cease operatlons, or have no realistic alternative but to do 50. Audltor's Responsibilities for the Audit of the Financial Ststements Our objectlves are to obtaln reasonable assurance about whether the flnanclal statements as a whole are free from materlal mlsstatement, whether due to fraud or error, and to issue an auditor's report that Includes our opinlon. Reasonable assurance is a high level of a55urance, but 15 not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material mlsstatement when It exists. Mlsstatements can arlse from fraud or error and are con51dered materlal if, individually or in the aggregate, they could reasonably be expected to influence the economic declsions of users taken on the basis of these linancial 5taternents. The extent to whSch our procedures are capable of detecting irregularltie5, Including Iraud Is detailed below.. Our audit proce55 involves determining a 5Ultable materiality level and assessing the overall risk of material mlsstatement, including how fraud May txcur. Our core procedure5 in relation to fraud and error include.. Identifying laws and regulations that could reasonably give rise to a material misstatement In the financial statements, Enquiring wlth management and office holders on thelr own conslderatlons on fraud Considering financlal pressures, incentives, opportunitys and motivations that may lead to fraud. Reviewing areas where managernent 15 required to make significant subjective ju¢Jgements (the key areas identified for St Paul's Hostel include fixed asset valuation/depreciation and allocation of restricted fund expenditure) Ensuring expenditure is Wlthin the scope of the charities. aims and objective5. 15 line wlth restritted funding requirements and is properly authori5ed. Revlewing manual J"ournal entries to ensure they are appropriate and no subject to any bias, thus reducing the rlsk of misstatement due to management override of controls. Our procedures are tallored to the speclfic risks we have identified for St Paul'5 Hostel and are based on our detailed knowledge and understanding of the charlty and Its envlronment. A further description of our responsibilitie5 for the audit of the financial statements is located on the Financial Reporting Council's website www.frc,org.uk/auditorsresponsibilities. This descriptlon form5 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 Art 2006. Our audit work has been undertaken 50 that we might State to the charitable cornpany's members those matters that we are QuIred to state to them in an auditor's report and lor no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitat>le company and the charltable company, members as a body, for our audit work, for this report, or for the opinions we have formed. Page 8
Boldsign Document ID.. 66d02211-7è7645eO*ad014J61666c33eS5 Independent Auditor's Report (continued) to the Members of st Paul's Hostel Richard Dunkley FCCA CTA (Senlor Statutory Auditor) for and on behalf of RD Accounting Limlted. Statutory Auditor Date 1210812025 RO AccoLJnting Llmlted 12C Two Locks Hurst Busine55 Park Brlerley Hill DY5 IVU Page 9
8oldSign Documènt ID- 66d02211-7e7645eO•ad01-b61666c33eSS St Paul's Hostel statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2025 2024 Unrestricted Restricted funds funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable aciivitles.. Hostel, Housing & Resettlement Other trading activities Investments Other 86,605 86,605 161,398 884.459 540 27.141 13,019 656.9S7 1.541,416 540 27,141 13,019 1,325,985 2,828 21,929 1,011,764 656,957 1.668,721 1.512.140 EXPENDITURE ON: Raising funds Charitable activitie5'. Hostel, Hovsin9 & Resettlement 17.394 (30.413) 113,019) (1,083.814) (541,544) (1,625,358) {1,505,8821 (1,066,420) (571,9571 (1,638,377) (1,505,882) 154,656) 85,000 30,344 6,258 125.013) {25,013) 44,562 NET INCOME BEFORE INVESTMENT GAINS Net11055es)Igains on investments NET INCOME 179,669) 85,000 5,331 50,820 NET MOVEMENT IN FUNDS RECONCIUATION OF FUNDS". Total fund5 brought forward {79,669} 85,000 5,331 50,820 1,306,523 1,306,523 1,2SS,703 TOTAL FUNDS CARRIED FORWARD 23 1,226,854 85,000 1,311,854 1.306,523 The notes on pages 14 to 24 forrn part of these linancSal statement5. Page 10
Boldslgn Document ID: 66d02211-7e7645eO.ad01-b61666c33eSS St Paul's Hostel Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2024 Unrestricted Restricted funds funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and leyticie5 Charitable actlvlties.. Hostel, Housing & Resettlement Other trading activities Investments 108,688 52,710 161,398 878,448 2,828 21,929 447,537 1,32S,985 2,828 21,929 1,011,893 500,247 1,512,140 EXPENDITURE ON: Charitsble activlties- Hostel, Houslng & Resettlement 1994,137> (SII,7451 11,505,882) 17,756 (11,498) 6,258 44,562 44.562 NET INCOME BEFORE INVE STMENT GAINS Net galns on Investments NET INCOME 62,318 (11,498) 50,820 Transfers between funds 23 1,790 (1,7901 NET MOVEMENT IN FUNDS RÉCONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 64,108 {13,2881 50.820 1,242,415 13,288 1,255,703 23 1,306,S23 1,306,523 The notes on pages 14 to 24 ft)rm part of these financlal ststements. Page 11
8oldSlgn Document ID: 66d02211-7e7645È0-adOI.b61666¢33eSS St Paul's Hostel Balance Sheet As At 31 March 2025 2025 2024 Unrestricted Restricted funds funds Total fund5 Total fund$ Notes FIXED ASSETS Tangible Assets Investment Propertles 14 128,002 377,500 128,002 377,500 181,480 377,500 15 505,502 505,502 558,980 CURRENY A55ETS Debtors Investments Cash at bank and in hand 16 17 30,119 511,844 359,948 30.119 511,844 444.948 50,688 536.857 365,044 B5,000 901,911 85,000 986,911 952.589 Credltors: Amounts F)Illng Due Wlthln One Ye•r 18 { 143.739) {143,739) (124,046) NET CURRENT ASSETS (LIABIUTIES) 758.172 85,000 843,172 826,543 TOTAL ASSETS LESS CURRENT LIABZUTIES 1,263,674 85,000 1,348.674 1,387,523 Cr•dltor¥: Amount• Falllng Due After More Than On• Year 19 136,820) 136,820) 181,000) NET ASSETS 1,226,854 85,000 1,311,854 1,306,523 FUNDS OF THE CHARITY Restrlcted Funds Unrestrlcted Funds: Unrestricted Funds Revbluatlon Reserve 85,000 818,390 408,464 873,046 433,477 1,226,854 1,306,523 TOTAL FUIIDS 23 1,311,854 1,306,523 These accounts have been prepared in accordance wlth the provislons applicable to companles subject to the small companies regime. On behalf of the board Rknlli) f(QW Mf Philip Fowler Trustee Date 1210812025 The notes on pages 14 to 24 form part of these financial statements. Page 12
Boldslgn Do¢ufflent ID: 66d02211-7e7645é0-ad01.b61666c33è5S St Paul's Hostel Statement of Cash Flows For The Year Ended 31 March 2025 2025 2024 Notes Cash flows from operatin9 actlvlties Net cash generated from operations 106,561 30,774 Net cash generated from operating activities 106,561 30,774 Cash flows from investing actlvltles Purchase of tangible assets Interest e1Ve0 Divldends recelved (20,498) 4,049 23,092 (6,764} 3,656 18,273 Net cash generated from investing actlvities 6,643 15,165 C4sh flowg from flnanclng artlvltl•s Repayment of other loan5 (33, 300) (36,0001 Increase In cash and cash equlvalents Cash and cash equlvalents at beginning of year Cash and cash equbvalents at end of year 79,904 365.044 9,939 355,105 444,948 365,044 Page 13
8oldSl9n Documènt ID.. 66d02211-7•7645eO4dOI-b61666e33855 st Paul's Hostel Notes to the Statement of Cash Flows For The Year Ended 31 March 2025 l. Reconciliation of income to cash generated from operations 2025 2024 Net income 5,331 50.820 Adjustments for.. Interest income (4,049) (23,092) 69,636 (13.020) 25,013 (3,656) { 18,273) 68.388 Income from investments Depreciation of tangible assets Profit on disposal of tangible assets Net fair value 105ses/(gains) reco9nised in profit or loss Movements in working capitsl.. Decreasel{Increase) in trade and other debtors Increase in trade and other creditors {44,S62} 20,569 26,173 {24,360) 2,417 Net cash generated from operatlons 106,561 30.774 2. C•¥h and cash equlvalont• Cash and cash equivalents, as stated In the Statement of Cash Flows, relates to the following items in the Balance Sheet.. 2025 2024 Cash at bank and In hand 444,948 365,044 3. Analysls of changes In n•t funds As at l Aprll Cash flows 2024 Asat31 March 2025 Cash at bank and In hand Debts falling due within one year Debts falling due after more than one year 365,044 136,000) {81,000) 79,904 6,480 44,180 444,948 {29.520) (36,820) 248,044 130,564 378,608 Page 14
Boldsign Document ID- 66d02211-7e7645eO-ad01-b61666¢33e55 St Paul's Hostel Notes to the Financial Statements For The Year Ended 31 March 2025 l. General Information St Paul's H05tel is è company limlted by guarantee, incorpornted In England & Wales. reglstered number 03009035 and registered charity number 1043921. The registered office is 2. Accountlng Pollcles 2.1. Basls of Preparation of Financial Statement$ The financlal statement5 have been prepad In accordance with the Charitles SORP (FRS 102) 'Actounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in tcordance with the Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland IFRS 102) (effectlve I January 20191" Financlal Reporting Stsndard 102 "The Financial Reporting Standard applicable In the UK and Republic of Ireland" and the Companies Act 2006. The charitable company 15 a Public 8enefit Entity as defined by FRS 102. 2.2. Golng Concern Dls¢losure The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertaintles exist. The trustees have consitlered the level of funds held ènd the expected level of income and expendlture for 12 months from authorising these financlal statements. The budgeted income and expendbture is sufficient with the level of reseThes for the charity to be able to continue as a goin9 concern. 2.3. Incomlng Resources All Incomlng resources are Included in the Statemenr of Financial Activities {SoFA) when the Charity Is legally entitled to the Income after any performance conditions have been met, the amount can be measured rellablyi and It Is probable that the Income will be recelved. Rental Income In respect of the hostel and resettlement houslng Is Included on an accruals basls In the perlod to whlch it relates. For donatlons to be recognlsed the charity will have been notlfled ol the amounts and the settlement date In wrltlng. For legacles, entitlement is the earlier of the charity belng notified of an Impending distribution or the legacy being recelved. At this polnt Income Is recognlsed. On occasion legacles will be notlfied to the charlty however It Is not Possible to measure the amount expected to be distributed. On these ¢xcaslons, the legacy Is treated as a contlngent asset and disclosed. Income Irom government and other grants are recognlsed at falr value, when the charity ha5 entltlement alter any performance conditions have been met, it is probable that the income will be received and the amount can be measured rellably. If entitlement 15 not met, then these amount5 are delerred. 2.4. Donated Goods and Services Donated professlonal services and donated facilities are recognised a5 income when the charlty has control over the item, any conditlon5 associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economlc benefit can be measured reliably. In accordance wlth the Charities SORP IFRS 102}, the general volunteer tirne 15 not recognlsed (refer to the trustees, annual report for more information about their contrlbution). On receipt, donated profe551onal servlce5 and donated lacilltles are recognlsed on the ba515 of the value of the glft to the charlty which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economlc benefit on the open market,. a corre5pondlng amount is then recognised In expenditure In the period of receipt. The charity currently pays a management charye to Fortis Livin9 for the use of the hostel {cira £78,000 per annum). Glven the unique nature of the property and it purposes a market rental can not be measured accurately and therefore there are no donated facilities transactions recognised in respect of this facility. 2.5. Resources Expended All expenditure Is accounted for on an accruals basls and has been classified under headings that aggregate all c05ts related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Where costs cannot be dlrectly attributed to particular headings they are included In central overhead (support) costs. These include project management, finance, administration and general office overheads. Page 15
8oldSlgn Dotumènt ID- 66d02211-7e7645eO-adOI-b61666c33è55 St Paul's Hostel Notes to the Financial Statements (contlnued) For The Year Ended 31 March 202S 2.6. Tangible Fixed Assets and Depreciation Tangible fixed assets are measured at cost less accumulated depreclatlon and any accumulated impalrment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases.. Freehold Motor Vehicles Flxtures & Fittings 25010 on reducing balance over 4 to 8 years Larger capital works are included within fixtures and fittings and depreciated over 7 to 8 years. 2.7. Investments Investment5 are stated at market value at the balance sheet date. The SOFA includes the net gains and losse5 arising on revaluations and disposals throughout the year. Current asset investment5 are short temi highly liquid investments nd ire held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year. 2.8. Leaslng and Hlre Purchase Contracts Renta15 applicable to operating leases are charged to the SOFA over the period In which the cost is Incurred. No assets are currently held under flnance leases. 2.9. Cash and Cash Equlvalents Cash and cash equivalents are basic financial assets and include cash in hand and dep051t5 held at call with bank5, other short-term highly Ilquid investments that mature in no more than three months from the date of acquisition and are readily convertlble to a known amount of cash wlth inslgnlficant risk ol change In value, and bank overdrafts. 2. 10. Social Investment St Paul's owns two freehold properties, which are used a5 resettlement housing and thus speclflcally contrlbute to the charity's charitable purposes. These properties are held at market value provided this amount can be measured rellably otherwise they are measured at C05l less any provislon for dlminution in value. 2. 1 l. Taxatlon The charity is an exèmpt charlty within the meènlng of schedule 3 of the Charltles Act 2011 and is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition ol a charitable company for UK corporation tax purposes. 2.12. Pensions The charitable company operates a deflned contributlon scheme for the beneflt of It5 employee5. The costs or contributions are recognised as an expense in the perlod to which they relate. 3. Incom• from Donatlons and L•gacl•s 2025 Unrestrirted Restricted Total funds funds funds Donatlons and gifts.. Donations and glfts Legacies Grants.. Grants 36,392 36,392 603 49,610 49,610 86,605 86,605 Page 16
Boldsign Document ID.. 66d02211-7076450O•ad01-b61666e33•55 St Paul's Hostel Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2024 Unrestrlrted Restricted Total funds funds funds Donations and gifts.. Donations and gifts Legacies Grants.. Grants 40,720 13,967 40,720 13,967 54,001 52,710 106,711 108.688 52,710 161,398 The following grnnts are Included withln the total income from donations and legacies above.. 2025 Unrestrlcted Aestrlcted funds funds Total funds 29th May 1961 Trust Albert Hunt Charltable Trust E Coomber Earlby Propertle5 Garfield Weston High Sherlff Grant Nationwlde Kltchen Grant Turner Trust WCF Worcestershlre COM West Mercia Police Worcester County Councll Rough Sleepers Drug & Alcohol Servlce Eveson Trust Fine & Country Sanctuary Housing Groundworks UK 5,000 5.000 40,000 2,000 1,960 650 40,000 2.000 1.960 650 49,610 49,610 2024 Unrostrirted Rèstrlcted funds funds Total funds 29th May 1961 Trust Albert Hunt Charltable Trust E Coomber Earlby Propertles Garfield Weston High Sheriff Grant Nationwide Kltchen Grant Turner Trust WCF worcestershi COM West Mercia Pollce Worcester County Council Rough Sleepers Drug & Alcohol Service Eveson Trust Fine & Country 5.000 7.000 5,000 5.000 25,000 4.000 32.500 3,000 6,000 1,790 12,420 5,000 7.000 5.000 5.000 25.000 4,000 32,500 3,000 6.000 1,790 12.420 52.066 52.066 ..CONTINUED Page 17
8oldSl9n l)o¢urnent ID: 66d02211-7e7645tO-ad01.b61686c33055 St Paul's Hostel Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 Sanctuary Housing Groundworks UK 106,710 52,066 158.776 4. Income from Charitable Actlvities 2025 Unrestricted Restrlcted funds lunds Total fund* Hostel, Housing & Resettlement.. Housing Beneflt Rent Private Rent Grants 785,873 95,086 3,500 785,873 95,086 660,457 656,957 884,459 656,957 1,541,416 2024 Unrestricted Restrlcted funds funds Total fund5 Hostel, Housing & Resettlement.. Housing Benefit Rent Private Rent Grants 784,050 94,398 784,OSO 94.398 447.537 447,537 878,448 447,537 1,325,985 5. Zncome from Other Tradlng Actlvltles 202S 2024 Unrestrlcted Unrestricted funds funds Fundraising events 540 2,828 6. Investment Income 2025 2024 Unre$trirted Unrestrlcted funds funds Bank Interest recelvable Dividends from investments 4,049 23,092 3.656 18.273 27,141 21.929 7. Other Income 2025 2024 Unrestricted Unrestrlrt•d funds funds Gain on disposal of tangible fixed assets held for charity'5 own use 13,019 Page 18
Boldsign l)o¢ument ID: 66d02211-7•7G4wadol-b61G6$CJ3È55 st Paul's Hostel Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 8. Net Intomel(Expenditure) The net income 15 stated after charging/(credltlng): 2025 2024 Bad debts Depreciation of tangible fixed assets owned Galn/Loss on disposal of tangible flxed assets 2.878 69,636 {13,019) 4,042 68.388 9. Analysis of Expenditure 2025 Actlvltles undertaken directly Support Costs (see note 101 Yotal Ralslng funds Hostel, Housing & Resettlement 13,019 1,338,52S 13,019 1,625,358 286,833 1,351,544 286,833 1,638,377 2024 Activities undertaken directly Support costs (see note 101 Total Hostel, Houslng & Resettlement 1,254,006 251,876 1,505,882 10. Support Costs 2025 Hostel, Housin9 & Resettlement Employee costs General administration Governance costs 187,280 98,861 692 286,833 2024 Mostel, Housing & Resettlement Employee costs General admlnistration Governance costs 176,352 73,241 2,283 251,876 Pa9e 19
8oldSign Oocument ID.. 66d02211-7è7645eO-adOI-b61666e33eSS st Paul's Hostel Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 11. Auditor's Remuneration Remuneration recelved by the ¢haritable company's audltors and their associates during the year was as follows: 2025 2024 Audit Services Audit of the company's financial statement5 5,000 4,684 12. Staff Costs Staff costs were as follows: 2025 2024 Wages and salaries Social security costs Other pension costs 867,372 77,041 18,426 810,259 67,735 17,675 962,839 895,669 No employees received employee benefits {excluding employer pension costs) for the reporting period of more than £60,000. 13. Average P4umber of Efflployees Average number of employees durlng the year was.. 35 {2024.. 35) 14. Tangible Assets Motor Vehlcles Flxtures & Flttlng5 Total Cost As at l April 2024 Addition5 Olsposa15 3,000 511,514 20,498 {17.360) 514,514 20,498 (17,3601 A5 at 31 March 2025 3,000 514,652 517,652 Depreclatlon As at l April 2024 Provlded during the perlod Dlsposals 1,313 421 331,721 69,215 (13,020) 333,034 69,636 (13,020) As at 31 March 2025 1,734 387,916 389,650 Net Book Value As at 31 March 2025 1,266 126,736 128,002 As at l April 2024 1,687 179,793 181,480 15. Investment Property 2025 Fair Value As at l April 2024 and 31 March 2025 377,500 Following professional valuations, social Investment propertie5 have been revalued in previous years to £377,500 with an orlginal cost of £150,009. Page 20
6oldSi9n Doeumont ID: 66d02211-7e7645tO-ad01-b61666¢33eSS St Paul's Hostel Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 16. Debtors 2025 2024 Due wlthln one year Trède debtors Other debtors 25,172 4,947 28.288 22,400 30,119 50,688 17, Curr•nt As••t fnvestments 2025 2024 Llsted Investments 511,844 536,857 18. Credltors: Amounts Falllng Due Wlthln One Year 2025 2024 Trade credltors Other loans Other creditors Thxatlon and soclal security Accruals and delerred Income 44,560 29,520 4,110 26,395 39,154 21,335 36,000 7,457 19,349 39,905 143,739 124,046 19, Credltors: Amounts Falllng Due After More Than One Year 2025 2024 Other loans 36,820 81.000 20. Loans An interest free loan from Platform Houslng wa5 token out in December 2019 to cover extensive capital work5 undertaken at the Hostel (as represented wlthin fixed a55et51. The loan is deemed to be a 'Conce55i0nary Loan, In accordance with paragraph P8E34.88 of FRS102 and therefore has not been dlscounted. An analy51s of the maturity of this loan is given below: 2025 2024 Amounts falling due within one year or on demand.. Other loans 29,520 36,000 2025 2024 Amounts falling due between one and flve year5.. Other loans 36,820 81,000 Page 21
8oldSl9n Oocument ID: 66d02211-7•7645eO•ad01-b61666¢33eSS St Paul's Hostel Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 21. Deferred Incorne Deferred Income movements in the year were a5 follows: 2025 2024 Balance at the start of the period Incorne deferred in the current period Amounts released in income from previou5 periods 28,897 32,224 128,897) 25,000 28,897 {25,000) Balance at the end of the perlod 32,224 28,897 Incoming resources are deferred in accordance wSth sectlon 5.24 of the Statement of Recommended Practlce {FRS102} whereby Income is subject to performance-related conditions. 22. Penslon Commltments The charitable company operates a deftned contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an Independently administered fund. During the year the char9e to the statement of financial activities in respect of defined contribution Schemes Was £18,426 (2024.. É17,67SI. At the balance Sheet date contributions of ÉNIL were due to the fund ond are included In creditors. 23. Movem•nt In Funds As at l Aprll 2024 Asat31 Expendlture March 2025 Income Unrestrlcted funds General.. General unrestrlcted fund Designated.. Revaluation Reserve Development Fund 573.046 1,011.764 { 1,066,420) 518,390 433.477 300,000 (25,013) 408,464 300,000 733,477 (25,013) 708,464 Total unrestrlcted fund$ 1,306,S23 1,011,764 11,091,433) 1,226,854 Restrlct•d funds Housing First WCC PHE Trauma Grant Natlonal Lottery Grant Mary Hill Trust Bransford Trust - Kitchen Funding DMF Ellis Trust Sanctuary Nousing - Kltchen Funding Michael Marsh Charitable Trust Kildare Trust Montal Trust 357,078 80,457 91,957 23,140 10,000 9.325 5,000 5,000 35,000 5.000 (357,078) (80,457) (91,9571 (13,140) (10,0001 (9,325) (5,000) (5,000) 10,000 35,000 5,000 .CONTINUED Page 22
BoldSi9n Docum•nt10: 66d02211-7e7645e04d01.b61666c33e55 St Paul's Hostel Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 Refurbishment of bathrooms National Lottery - Creating Choice5 Project 15,000 20,000 15,000 20,000 Total r•strlcted funds 656,957 {571,957) 85,000 Total funds 1,306,523 1,668,721 (1,663,39U) 1,311,854 As at l Aprll 2023 Asat31 March 2024 Income Expendlture Transfers Unrestrlcted funds General: General unre5trirted fund Desl9nated: Revaluation Reserve Development Fund 553,500 1,011,893 {994,137) 1.790 573,046 388,915 300,000 44,562 433,477 300,000 688,915 44,562 733,477 Total unrestrlcted funds 1,242,415 1,011,893 1949,5751 1,790 1,306,523 Restrfcted funds Houslng First Natlonwlde Kitchen Grant WCF . Mlndfulness Services West Mercia Police (C) WCC PHE Trauma Grant Natlonal Lottery Grant 13,288 337.678 32,500 6.000 1,790 64.485 57.794 (350,9661 (32,5001 (6,0001 (1.7901 164,4851 (57,7941 Total restrirted funds 13,288 500,247 (511,745) (1,790) Totsl funds 1,2S5,703 1,512,140 {1,461,320) 1,306,523 Kildare Trust É35.000 Thls grant 5UPPOrts the ernployment of a Transition / Move-on Complex Need5 Worker for 12 mgnths, The role provide5 irect support to 42 resldent5, Including liaison with external agencles, and Is aimed at building 5kllls, resllience, and preparedness for successful move-on from the h05tel. Montal Trust £5K This grant supports the employment of a Transition / Move-on Complex Needs Worker for 12 months. The role provides direct support to 42 residents, Including liaison with external agencies, and 15 aimed at buildlng skllls, resllience, and preparedne55 for successful move-on from the h05tel. Mary Hill EIOK Marketing Costs This grant fundlng is to support actlvitles aimed at ralsSng the profile of the h05tel. The funding Is belng applied to the (ievelopment of digital assets, including photography and resident case study videos for inclusion in a new webslte, to enhance awareness of the charSty's work and it5 impact. Rowlands Trust £5K Refurb of bathrooms Provides partial grant funding towards the refurbishment and upgrade of SIdentS, bathroom facilitles. The funding has been Ilocated specifically for capital Improvements to enhance the quallty, accessibility, and hygiene of atcommodatlon for servlce users. .CONTINUED Page 23
BoldSi9n Documen¢10.. 66d02211-7e7645•04d01-b61666c33e55 St Paul's Hostel Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 23. Movement in Funds - continued & Q ÉIOK Refurb of Bathr¢m5 Provides partial 9rant fundin9 towards the refurbishment and upgrade of residents, bathroom facilities. The funding has been allocated specifically for capital improvements to enhance the qualitys accessibility and hygiene of accommodation for service users. National Lottery - Creating Choices Project - E20K Award Oates of the Funds Montal Det'24 Kildare Jan .25 Rowlands Feb '25 8&Q Jan'25 • Mary Hlll Sept 24. 24. Transactlon• wlth Trustees None of the trustees received any remuneratlon or any other benefits from an employment with the charity or a rèlated entity durlng the current or previous year. No trustee expenses have been incurred. 25. Relatèd Party Dlsclosur•s Key management personnel {including directors) recèived compensation of E74,972 12024.. £0) Durin9 the year Deborah Collins {company secretary) provided Accountancy & Bookkeeping services totalllng É24,885 (2024.. £NIL) and holistic services including Mindfulness and ThoJght Therapy to resldents and staff totalling £38,761 12024.. £31,911) through her company, Just One Thought Ltd. 26. Company Ilmited by guarantee The company is limited by guarantee and has no Share capital. Every member of the company undertakes to contrbbute to the assets of the companys Sn the event of a windlng up, such an mount as may be required not exceeding £1. 27. FRC'S Ethlcal Standard - Provblon Avallable for Small Entltles In common wlth other bu51nesses ol our size and nature we use our audltors to prepare and 5ubmlt returns to the tax authorities and assist with the preparation of the financial statements. Page 24