Mid Devon Hub for Housing Help Tel.. 01884 255 4wE.ARÉ O.P.EPJ ANNUAL REPORT 2024 CHURCHES HOUSING ACTION TEAM Coggan's Well House, Tiverton EX16 6LU www.chatmid.org theoffice@chatmid.co.uk 0800 059 0104
TABLE OF CONTENTS Page 2-12 Report of the Trustees Independent Examiner's Report to the members Statement of Financial Activities Balance Sheet Notes and Accounting Policies 16-20 Trustees Re ort for the ear ended 31 st March 2024 The trustees present their report and financial statements for the year ended 31 st March 2024 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 201 I, the Companies Act 2006, the Memorandum and Articles of Association and 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) (effective I st January 2015).
Chair's Re ort Another very busy year for CHAT to 31 st March 2024 where demand for all our services continues to be high. Our Support and Advice team helped 23Y¢ more clients than last year, and our foodbanl< has helped 617 households helping to feed 846 adults and 502 children with 3782 parcels of food. Many of our clients who initially come in for the foodbank, once we have gained their trust, are opeii to discussing and letting us help on often deeper financial issues around housing, unclaimed benefit5, and debt and we continue to meet these challenges with an excellent staff team and wonderful volunteers, as well as wider support from the local community. For every staff member we employ - we have five volunteers who provide invaluable worl< from admin to debt & money advice, to working in the foodbank, helping with IT and many other areas, We are so grateful for their time and enthusiasm. We have ended the year well, feeling proud of all that has been achieved and Iinowing that CHAT plays such a key role in the Mid Devon area serving the needs of those struggling with housing issues, debt, poverty, and the pervading loneliness that surrounds these things. We continue to adapt to the needs of the community and at the end of the year we successfully trialled a pantry system to help clients transition from relying on the foodbank to a more secure and optirnistic financial future where they have more control. We have had a positive year in terms of income, and we are extremely grateful to everyone who continues to support us so faithfully. l am very proud of the way CHAT continue5 to rise to the challenges that are presented with a very quick and nimble response to working with the local community including individuals, supermarkets, churches, voluntary and statutory agencies, food wholesalers and local businesses. l am extremely grateful to the CEO, my fellow trustees and the whole CHAT team and as I stand down from the Chair role after more years than I can remember as a Trustee, I loo1< forward to seeing CHAT develop and help the most needy in our society as an enthusiastic supporter from the sidelines. Simon Friend Chair of Trustee5 Charitable Ob'ectives To relieve either generally or individually, persons within the local authority area of Mid Devon without discrimination of sex or of political, religious or other opinions who are in conditions of need, hardship or distress by making grants of money or providing or paying for items services or facilities calculated to reduce the need, hardship, or distress of such persons and in particular to relieve persons who are homeless or threatened with homelessness or who are without secure permanent accommodation.
Review of Activities Our team of staff and volunteers have provided help and support to those who are homeless, struggling with unsuitsble housing situations, and those who are threatened with homelessness throughout Mid Devon. Over the year CHAT have assisted 1562 clients with a range of issues including,. Housing Advice Tenancy Support Homes for Ul<raine hosting arrangements Ukrainian Refugee Support Debt Advice and Debt Solutions Money Management Benefits Advice Hardship Relief - Foodbanl<, Pantry and Homebank Energy Advice and Emergency Fuel Vouchers Signposting and referring to other services Household Support Fund Vouchers (on behalf of MDDC) We are open in Tiverton Monday - Friday and have had a regular presence in Crediton and Cullompton for 3ppointments and drcp-in advice and connected with other clients and potential clients through home visits and other popups and events. We continue to worl< closely with other agencies (statutory and voluntary) both referring to them, and having clients referred to us. Public Benefit The charity aclcnowledges the requirement to demonstrate that it has charitable aims and purposes that are for the public benefrt. As the only charitable organisation in Mid Devon that exists solely to respond to and prevent homelessness, we work to help individuals and families in crisis find their way back to suitable accommodation or keep the tenancy they have. The service is free and accessible to anyone living in che Mid Devon area and the trustees believe that the work of CHAT in homelessness and homeles5 prevention issues, debt advice, the foodbank and hardship relief clearly demonstrate that our charitable aims are indeed for the benefit of the public and that trustees have complied with Section 4 of the Charities Act 201 l and benefits the wider community as a whole. Achievements and Performance Support and Advice Team Clients often reach out to us when they are in a crisis and after addressing the immediate need we continue to work with them, focussing on empowering them in their own decision- making and supporting them to move forward at a pace that is appropriate for them. In February 2024, following a comprehensive two-day evaluation, we were granted the Advice Quality Standard (AQS) for an additional two years. This accreditation demonstrates that we are easily accessible, effectively managed, and have a team with the skills and knowledge to meet the needs of our clients. Our support and advice team assisted 1131 clients this year showing an increase from 925 clients the previous year.
ortin Clients with Housin Advice This year, we provided housing advice to 636 clients, marlcing a 22Yo increase. Amongst these cases 315 of these clients were living in unsuitable accommodation and 137 clients were facing possession proceedings, A significant portion of these clients (37/) were either rough sleeping, sofa surfing, or in temporary accommodation arranged by the Local Authority. We offer those clients showers, phone charging, laundry facilities and a warm drink and a safe place to be. We are in regular communication with the homelessness team at Mid Devon District Council to assist clients in securing temporary accommodation and a stable, safe home for the future. ortin Clients in their Tenanc Assisting clients in maintaining their current tenancy is a key strategy in homelessness prevention. This year, we opened 175 new tenancy support cases and launched the 'start well, program, which supported 64 clients Setting up their new tenancies ensuring that everything is in place for the tenancy to succeed. ortin Clients with Benefit Issues Making sure our clients have sufficient funds empowers them to keep their home, budget effectively, and decrease reliance on our foodbank. However, navigating the welfare benefits System can often be challenging. This year. we have advocated for 25 clients regarding claims that have been rejected or unclaimed, resulting in a total of £71,537 in backdated benefits going to our clients. Additionally, we have assisted clients in submitting new claims, leading to 32 clients enhancing their monthly income by an average of £480 each month (totalling £184,587 for the year). Assisted Tenanc Scheme This is a scheme that offers a one month rent guarantee for the length of the tenancy, and support for the duration of the tenancy. It assists clients in securing housing in an increasingly challenging m2rket. So far this year, we have supported four households through this initiative, all of whom are successfully settled in their tenancies. rin board This is a joint initiative with Crediton Foodbanl< to host a worker to 'springboard' regular foodbank users out of poverty. This year, 21 new cases were opened, helping households raise their income by a total of £12,840 annually, along with one-time financial gains of £7,794, thereby decreasing their reliance on the foodbank We've also been able to assist these clients with housing advice, and work with chem to resolve their debts and move to a place of greater financial independence. Ukraine This year we supported a total of 117 families who were in Mid Devon through the Homes for Ukraine Scheme. Among them, 34 households arrived this year, and we assisted them in adapting to their hosting arrangements and accessing essential services, For those already in the area, we facilitated rematches, helped secure more permanent housing, established new tenancies, provided access co emergency accommodation, obtsined grant funding, offered medical and mental health support, and aided in the Ukrainians, integration into Mid Devon life. Unfortunately, the administration of the Homes for Ul<raine funding has changed, and this project ended in March.
ortin Clients with Debt and Mone Advice We are a Cornmunity Money Advice (CMA) centre and are authorised and regulated by the Financial Conduct Authority. Throughout the year15 specially trained stsff and volunteers gave debt advice a total of 1625 advice sessions and 816 of these were delivered face to face. We identified and managed £1,236,503 worth of debt and the average debt of our clients was £8,770. Additionally, we have processed debt relief orders and banl<ruptcies for 25 clients, amounting to £409,728. This frees these clients from overwhelrning debt and allows them start anew. We continue to work with those clients who have been through a debt solution to manage their new budget and remain debt-free. Hardship Relief ortin Clients with food assistance Throughout the year, our foodbank provided 3,782 7-day food parcels to 617 differenc households. While the majority of clients used the foodbank for emergencies (52Yo of those clients used the foodbank less than three times during the year), due to rising cost of living we saw a rise in individuals relying on the food bank regularly (14/9 of our clients needed food more than once a month in comparison to last yezr when it was only 6% of clients). To address this issue, we trialled a 'pantry' initiative during the last quarter, offering an appointment-based subscription service outside regular hours to help clients move away from dependency on the food bank. The positive response from clients and donors h2s led us to incorporate it as an additional service as part of our hardship provision along with the foodbanl<. The foodbanl< continues to be able to run due to generous donation5 from the community, local business, schools, churches 2nd grant making bodies. Mid Devon Ener Partnershi and Fuel Povert Fund In the second year of this partnership with Exeter Community Energy (ECOE) we have continued integriting basic energy advice into the support and advice we give our clients, resulting in reduced bills and improved living conditions. All our staff have completed National Energy Action (NEA} training and during the year we have been able to issue clients with £9,780 of emergency fuel vouchers thanks to this funding, along with our fuel poverty fund. Homebank Thanks to generous donations our Homebank has provided approximately £12,500 worth of good quality second-hand items co 181 clients to furnish their home with necessary items such as bedding and kitchen sundries. Additionally, 82 of our clients came to our first "House to Home" evenL which allows clients to choose donated items for their homes. Household Su ort Fund We also managed applications for the MDDC Household Support Fund, processing £187,500 in vouchers essential food and energy needs and signposting chem for further assistance where appropriate. For more information about our activities this htt s'.Ilwww.chatmid.or lim act ear lease visit our website
Staff and Volunteers We finished the year with 19 members of paid staff and 70 volunteers on the team. The trustees are committed to developing a supportive and positive team environment and offering all staff members access to an employee assistance program, regular in-house supervision, and the chance to participate in group and individual supervision sessions with an external psychotherapist along with other wellbeing events and training. Volunteer roles encompass a range of tasks: stacking and pacl<ing for the Foodbank and Homebanl administrative suppor( debt and money advice, fundraising, project management, reception hosts, our trustee board who provide governance to name a few. Throughout the year, volunteers collectively contributed l 0,000 hours, which we conservatively value at £152,500. We encourage short and long term volunteer opportunities for a wide range of ages and backgrounds and are pleased to maintsin the standards required for the Investing In Volunteers award. Our scaff and volunteers have participated in training sessions covering 2 variery of topics such as GDPR, first aid, energy efficiency, fuel poverty, safeguarding, case management, housing law, benefits, and debt casework. This is part of our commitment to maintaining the quality of our services and ensuring clients always get the correct information. Connectin We were thrilled to have been chosen as the charity for Mid Devon Show and in spite of the rain on the day we maxitnised our opportunity to raise our profile in the area. An evening with the Friendship Boys at Blundells school, a Christmas appeal, and a charity ball being organised on our behalf, is just a very small example of all of the fantastic fundraising opportunities we had alongside all of the other community events, talks, shows, school visits and much more. We couldn't provide the services we do without the generous support from our local community, and we are so grateful that we have been thought of and appreciate all the opportunities. We were also thrilled to receive a visit from HRH The Duchess of Edinburgh in September, hosted by The Lord-Lieutenant of Devon, David Fursdon. HRH looked around our Tivertcn centre and spent time with the team hearing about the work we do in Mid Devon. She met several clients and was particularly interested in how the pandemic and cost of living crisis had affected demand for our service. with the Communit We are active member5 of the Mid Devon food network and the local Health and Wellbeing alliances in Tiverton, Crediton and Cullompton and have welcomed opportunities to engage with our District and local Town and Parish councils and councillors during the year.
Financial Review It can be seen from the review of activities, achievements, and performance reported above that the year under review saw a further step change in activity and this is reflected in the financial results. General Fund: Income 2024 2023 % Change Voluntary income- DonationslGivers of Ho Grants 157,646 175,789 18,143 -10.31. 169,152 36,036 19,468 4,409 6,033 392,744 82,350 29,457 15,328 1 ,899 5,858 310,681 86,802 6,579 4,140 2,510 175 82,063 + |05,4/. +22.3y. +27.0/. +132.1Y. 0.03Y. Open Marl<et Fundraising Investments Other Total Voluntary income - During 2023 donations rose to £175,785 from £158,052 in 2022 but there has been a decline in donations during the year under review that resulted in income of £156,408, which is lower than the previous two years. Givers of Hope is the only income stream that can be relied on for regular donations and this was relatively static at 159,191 . Inflation has been relatively high in recent time5 and with a decline of l 0.3% in donations thi5 year, plus the effect of inflation, the value of donations received has been significantly reduced, Grant income increased by 105.4% and included: Community Organisations Cost of Living Fund £73,281 Economic Vulnerability Fund Others £43,061 £52,810 These grants enabled CHAT to compensate for the reduction in voluntsry income and continue to deliver essential services to our community, but we are aware these will not be available In the future. Expenditure of £324,502 is a 5/0 increase over 2023 (£309,117). Advisor, fundraising and support salaries increased by 15/0 as a result of annual awards, additional advisor hours and salary reallocation. Management and Support salaries fell by over 59/0, as some restricted funding included the recovery of salaries and overheads.
Restricted Funds: Food donations and Givers of Hope donations were 78Yo greater than 2023, but grants were only 17Yo of the previous year's total. The net result of these fluctuations was a 21. increase in incorne to £31,782. Measured against recent food inflation our purchasing power has been greatly eroded over the last year. Food Ban1< Operations - grants of £21,500 received cover the cost of salaries and other operating costs. Any shortfall is met from the general fund. Fuel Poverty, Hardship & Ukraine Hardship now merged into the Hardship and Fuel Poverty Fund - income of £7,274 was 27.5Y. lower than 2023. Expenditure was £12,741 and combined value of the funds is £19,433. Ukraine Support - grants via MDDC and other income came to £62,285. The work of this fund and the Ukraine Hardship fund ended during March. Global's Make Some Noise - debt & money advice fund grant included salaries of advisors, support staff and overhead recovery. Mid Devon Energy Saving Partnership - grant of £18,200 received and expenditure of £25,607 includes advisor and support salaries and hardship relief. Desi nated Funds: The Springboard Project fund of £13,453 is a partnership between Crediton Foodbank and CHAT. The trustees have designated the fund for CHAT'S partnership share. Assisted tenancies - fund balance £4,323. Services delivered through the general fund and restricted funds demonstrate the reach that CHAT has throughout Mid Devon by providing housing and debt and money advice, and poverty and ha.rdship relief to local residents. The trustees do not anticipate a similar level of income in 2025, but in common with many charities that depend on the vagaries of suit2ble grants it is very difficult to estimate what this income stream might produce. The decline of voluntary income is a cause of concern, and the trustees are focussing their attention on bringing the vital work of CHAT to regular supporters, prospective supporters, businesses, churches, and community fundraisers throughout our area of operation.
Reserves Policy The trustees are aware of the need to secure CHAT'S viability beyond the immediate future. For the long term it must be able to absorb setbacl<s and take advantsge of change and opportunity. This reserves policy applies to the unrestricted funds of the charity and the trustees aim is to ensure a balance between a reasonable level of reserves in accordance with the guidelines laid down by the Charity Commission and sensible use of funds. In particular it is designed to: Cover uncertainty over future income Ensure sufficient cash-flow to carry ouc day-to-day business In the event of CHAT having to be wound up provision for the continuation of operations must be l<ept in reserve to allow for a managed closure Maintain a provision for redundancy Reserves can only be generated and maintained by strict financial controls. An overview of the charitls financial position is considered at all trustee meetings and the trustees review the reserves policy as and when deemed necessary and always annually. To meet these objectives, the optimum level of the general reserves was set at £79,000 We were able to maintain this reserve level during the financial year, but this must be regarded as a minimum and the trustees work to ensure that reserves reflect the points described above. Principal Sources of Funds The Trustees seek to maintain a broad base of funding sources, including grants, partnership working and donations. Our fundraiser applies for grants from a variety of organisations. CHAT continues to develop its fundraising strategy as part of its Business Plan, with a view to attracting corporate funding, developing a legacy policy and promoting the Givers of Hope Scheme. Risk Management All charities face an increasingly competitive market when approaching grant-making trusts for support. By implementing effective and tight cost controls and by providing ongoing financial management information, the financial risk to the charity is kept to a minimum. The Executive management team meet regularly to review the financial position of CHAT and monitor fundraising strategies.
Structure Governance and Mana ement The organisation is a Charitable Company limited by guarantee, incorporated on 31 st August 1995, and registered as a charity on 27th September 1995. 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. In the event of the cotnpany being wound up, members are required to contribute an amount not exceeding ten pounds. Members are subscribers to the Memorandum of Association and admitted to membership in accordance with the rules set out in the Articles of A550ciation and subject to Trustee approval. Members pay an annual subscription and are entitled to vote at the AGM. Trustee Selection Methods, Induction, and Training The directors of the company are also trustees for the purpose of charity law, Under the requirements of the Memorandum and Allicles of Association, trustees are elected to serve for a period of a maximum of three years after which they must be re-elected at the next Annual General Meeting. CHAT conduct a skills audit of the board regularly and seek to appoint trustees according to the expertise they can offer. All Trustees complete an induction to become familiar with CHAT and are encouraged to attend training on Trustee duties along with being aware of any information produced by the Charity Commission and other relevant bodies. Organisational Structure CHAT'S Trustee board meet at least four times a year and are responsible for the direction and policy of the charity. The CEO 15 responsible to the Trustees for the day-to-day running of all departments of the organisation and for carrying out the strategic plans for the organisation. The CEO also performs the roles of office manager and finance officer, and therefore has a detailed understanding of the organisation as a whole,
Reference and Administrative Details Registered charity number 1049478 Company registration number 3096996 Registered office and operation address Coggan's Well House, Phoenix Lane, Tiverton, Devon EX16 6LU Simon Friend Clive Williams Vivienne Brewster Steve Dayl<in Rod Hewson Mathew Melksham Terence Norris Jennifer Tower Chris Underhill Jane Wardle Lara Wielenga Peter Day Helen Stone Terence Norris Alison Padfield Trustees: Chair Vice Chair (Appointed 0610712015) (Appointed 2510712023) (Appointed 0210712018) (Appointed 2910712021) (Appointed 3010712020) (Appointed 0210712018) (Appointed 0210712018) (Appointed 0210712018) (Appointed 2510712023) (Appointed 2510712023) (Appointed 0210712018) (Retired 2510712023) Company Secretary Treasurer CEO Responsibilities of the Trustees Company law requires the Trustees, who are directors for the purposes of company law, to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the Trustees should follow best practice and: select suitable accounting policies and then apply them consistently,. make judgements and estimates that are reasonable and prudent., and prepare the financial ststements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees 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. Approved by the Trustees on 16th July 2024 and signed on their behalf by: Simon Friend
Independent Examiner's Report to the Trustees of Churches Housing Action Team (Mid Devon> Ltd I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 st March 2024 set out on pages 14 to 20. Responsibilities and basis of the report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requir8ments of the Companies Act 2006 (the 2006 Act) Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 (the 2011 Act), In carrying out my examination I have followed the Directions given by the Charity Cornrnission und8r s8ction 145(5) (b) of the 2011 Act. Independent examiner's statement Since the Cornpany's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to und&rlake the examination because l am a member of the Association of Chartered Certified Accountants which is one of the listed bodies. I have completed my exarnination. I confirm that no matters have come to my attention in connection with rny examination giving me cause to believe accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination., or 4. the accounts have not been prepared in accordance with the methods and principles of the statement of Recommended Practice for accounting and reporting by charities. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. S Legassick Certified Accountant 21 Angel Hill Tiverton Devon EX16 6PE 9th August 2024 13
CHURCHES HOUSING ACTION TEAM (MID DEVONI LIMITED YEAR ENDED 31st MARCH 2024 STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds General Deslgnatèd Restricted funds Total 2024 2023 Notes Income Incoma and endowments from: Donations and legacies Charitable activitie5 Other trading activities Invgstments 382,301 218,903 601,204 408, 264 54,542 5, 858 1,899 6,034 4,409 1170 7,204 4,4DS Total Income 392,744 220,073 612,817 470,563 Expendlture Ralslng funds 10 42,853 42,853 29,117 Charitable activities 10 281,708 240,642 522,350 407,757 Total expenditure 10 324,561 240,642 565,203 436,874 Net Income before transfers 68,183 -20,569 47,614 33,689 Transfers betwe&n funds Net movement in funds 68,183 -20,569 47,614 33,689 Fund balances brought forward Fund balances Carrled forward 131,589 17,776 74,042 223,407 271,021 789,718 223,407 19g,772 17,776 53,473 Th8 Statament of finariclal actSvlties includes all gain.% and losses in the year. All incoming resourc6s and resources expended derÉve from continuing activities. 14
CHURCHES HOUSING ACTION TEAM (MID DEVON) LIMITED BALANCE SHEET AT 31st MARCH 2024 Notes 2024 2023 Tanglble fixed assets 6,998 9,962 Current assets Debtors Cash at bank and in hand SE,031 240,038 306,069 25,388 202,449 227,837 Credltors: amounts falling du9 Wlthin one year Creditors 42,046 14,392 42,046 14,392 Nat currant assets 264,023 213,445 Nat assets 271,021 223,407 Reserves Unrestricted general reseNe Désignated funds Restricted funds 199.772 17.776 53,473 131.589 17,776 74,042 Total funds 271,021 223,407 These financial statements have been prepared in accordance with the provisions appllcable to companies subject to the small companies regime and in accordance wiith FRS102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland. For th& financial year ended 31 March 2024 the Ccimpany was 6nitled to exemption from audit under saction 477 Companies Act 2006. and no nolico has b88n deposited u er sectlon 476. Approved by the Trustees on 18 July 2024 and signed on their behalf by: Simon Friend Chair Terry Norris Trustee 15
CHURCHES HOUSING ACTION TEAM (MID DEVON) LIMITED YEAR ENDED 31st MARCH 2024 NOTES AND ACCOUNTING POLICIES 1. A¢countlng pollcles Basls of accountlng The financial statements are prepared in accordance with Accounting and Reportlng by Charilles,. statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFFiS 102) (effective 1 January 20151- (Charities SORP IFRS 102)>, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102> and the Companies Act 2006. Churchos Housing Action Team (Mid Devon) Ltd meets Ihe definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cosl or transaction value unless otherwise stated. Fund accounting Unrestricted funds are available far use at the discr6tion of the Iruslees in furtherance of th8 ganeral objectives of th8 charity. Rgstricted funds are subj8Ct to restricllons on their expenditure Imposed by the donor or through the torms under which the funds were ralsed, Income All incoming resources ar8 included in the statement of financial activities when the charity Is entitled lo the Income, wkien it is probable that the income will be received and when the arnount can be quantified with reasonable accuracy. Voluntary income includes grants, donalions 8nd gifts and is included in full when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised whe.n the charity becomes unconditionally entitled to the grant. Investment income is included when receivable. Expendilura Expenditure is recognised on the accruals basis inclusive of Value Added Tax which cannot be recovered. Costs of generating funds comprise the costs of attracting donalions and 8dm inislering membership, Charitable gxp6nditure comprises those costs incurrgd by the charity in the dellvery of Its activities and servicas. It includes both the costs that can b& allocated directly and indirect costs necessary to support the activities. All costs are allocated between the expenditure categories of the stalement of financial activities on a basis designed to reflect use of the resource. Costs relating to a particular activity are allocated directly, others ar8 apportion8d on an approprlate basis. Creditors are measured at s8tt1gm8nt amounts18ss any trade discount5 Assets Tangible fixed assets are depreciated by equal annual instalmenls over their estimated useful lives at the following rates: Fixtures and flttings l T Equipment Leasehold improvements Debtors are measured at the cash or other consideration expected to be received 330/ Over the term of the lease 16
CHURCHES HOUSING ACTION TEAM (MID DEVON) LIMITED YEAR ENDED 31st MARCH 2024 NOTES AND ACCOUNTING POLICIES 2. Net Income for the year This is stated after charging,. Depreciation of tangible assets owned by the company 2024 2023 2,964 2,964 3. Tanglble flxed assets Leasehold Flxtures rovements Furnlture & flttin ment Total Cost At 1 April 2023 Additions Disposals At 31 March 2024 11,323 7,740 16,047 26,781 61,891 11,323 7,740 16,D47 26,781 61,891 Depreciation At 1 April 2023 Charge for the year Eliminal@d on disposals Al 31 MarGh 2024 2,970 1,620 7,740 14,438 1,344 26,781 51,929 2,964 4,590 7.740 15,782 26,781 54,893 Net book amounts Al 31 March 2024 6,733 265 6,998 At 31 March 2023 11,323 1,609 9,962 4. Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 11,418 6,962 47,651 66,031 14,227 6,638 4,523 25,388 5. Creditor5 Trade cr8ditors Accruals and deferred income Taxation and Social Security other creditors 41,309 732 12,293 1.193 271 635 6. Analysls of net assets between funds General Restrlcted Toial Fixed a55els Current assets Creditors 6,998 252,596 42,046 217.548 6,998 306,069 42,046 271,021 53,473 53,473 Related Party Transactions No trustees were in receipt offees or expenses during the year, Tl)ere were no related party transactions
CHURCHES HOUSING ACTION TEAM (MID DEVONI LIMITED YEAR ENDED 31st MARCH 2024 NOTES AND ACCOUNTING POLICIES 8. Movements In funds Aprll 2023 March 2024 Income Paid Transfers Restricted funds Debt and Mongy Advice Springboard Project Make Soms Noise Food Fund Hardship and Fu81 Poverty Ukraine Hardship Fund Fuel Poverty Fund Hardship fund Staff Wellb8ing Foodbank operation Mid Devon Energy Partnership Marketing and publicity Croditon Outreach Ukraine Support Fund Total restricted funds 11,341 5,742 26,170 35,500 32,542 19,592> 115,081) 132,474) 136,841) 7,491 11,089 3,026 4,909 19,433 9,208 19,433 -7,402 -6,369 -5,662 10,702 8,717 5,481 919 11,667 6,480 2,386 1,354 5,787 2,400 3,374 1,500 7,600 21,500 18,200 {5,7001 (5,7221 11,3191 14,9991 128,2351 125,6071 {2,386) {4,614) 168,072) (240,642) 3,520 4,932 -927 3,260 62,285 74,042 220,073 53,473 Unrestrlcted funds Assisted T8nancies 4,323 13,453 131,589 223,407 4,323 13,45J 199,772 271, 21 Spdngboard Project General Reserve 392,744 612,817 {324,561 } 565,203 Debt and Money Advlc&. A fund to provlde 8dvlc6 to Gll&nls to managè Ihalr Incoms and 8KP8nditur8 lo control personal dehl. Mak8 Som• Moise= A fuiid lo ¢over the cust ol a full 11rng debt worker. Food Fund. Dondlions lo provlde food for those in neod. Hardship and Fuel Poverty- This lund ha5 been creating by merging the Fuel Poverty Fund, the Hardship FuNd 8nd tha Ukralnè Hardship Fund. Ukraine Hardship Fund.. To Provide grqnls to individuals arrimng in Mid Devon from Ukrdine Fu81 Poverty Fund. Donations lo assist wlth the provlslon of fu61 for those In need. Hardship Fund. A fund for speciliG hardship needs of clienLs of CHAT lor which no other budget is ?vai19blg. Stsff Wollbglng, A fund lo provide support and gupeNlslon for 8taff. Foodbank operation: Fundlng lo support the costs of running Iha foodbank. Mld Davon En*rgy Partnership.. Tackllng povèrty across Mid D8von by offering advicè on energy, housing. d9bl and money. Marketlng and publlclty audlt.. A fund lo audit mart(ellng and publl¢lly mal8rlals and d&vek>p a strategy lo increase engagement vAlh both the community and polonlial clients. Credlton oulrgach. A fund lo set up r9gular outraach in the Crediton area Ukralne Support Fund: A fund lo provide advice and resources in Mid Devon for arrivals from Ulfraine Assisted Tenancles. A fund to Iielp prospective ten¥nts in difficult tiircumstances obtain tengnled accommodalS0n. Springboard project: Ajoinl initiative by CHAT and Credilon Foodbank lo employ a support workor to &nabl6 people lo suslaln nan&'le8 and prevent hnmelessness. Part of Ihls lund 18 r8811'lcled and part designated. 18
CHURCHES HOUSING ACTION TEAM (MID DEVONI LIMITED YEAR ENDED 31st MARCH 2024 NOTES AND ACCOUNTING POLICIES 9. Staff costs and numbers staff costs wgre as follows- 2024 2023 Gross wag&s and salaries Social security costs Penslon costs 352,623 19,358 11,250 383,231 254,616 13,615 6,912 275.143 The average numb@r of full lime equlvalent employees was: Number Number Management and adminislralion Support and advice 3.48 7.56 11.04 9.34 13.44 No employee rgc&iv8d emoluments of more that £60,000 {2023.' none) Th8 charity operates a deflned contribution penslon scheme. The contributions are allocated between direct costs and support costs according to the staff involv8d. 10. Total expenditure Dired Costs Staff Other ort costs Oth8r Staff Total 2024 Total 2023 Raising funds Fundraising and membership Restrlcted funds 37,320 5,533 42,853 28, 734 383 37.320 5,533 42,853 29,717 Charitable activities Unrestricted funds General and core activilies 159254 29,718 23,924 68,812 281,708 282,607 159,254 29,718 23,924 68,812 281,708 282,607 Restricted funds Dabt and money advice Olher 7,906 135,544 143,450 1,686 63,642 9,592 231,Q50 240,642 2,969 122,181 125,150 21.132 1Q,732 65,328 21,132 10,732 Total expendlture 340,024 100,579 45,056 79.544 565,203 436,874 Support costs include governance costs estimated at £3,000 (2023- £3.000) Governance costs Include independent examiner's fees of £nil {2023'. nil} 11. Commitments under oparating Igasas At 31 March 2024 the company had annual commitments of £21,000 {2023, £21,000) under non-cancellable operating leases expiring between 2 and 5 years in respect of land and buildings, 19
CHURCHES HOUSING ACTION TEAM (MID DEVON) LIMITED YEAR ENDED 31st MARCH 2024 NOTES AND ACCOUNTING POLICIES 12. Detalled income and expendlture account Unrestricted General and core activities Deslgnated Restrlcted funds funds Total 2023 Total Income Operatlng grants Other grants Donations Legacies and funeral donations FLJndraising Membershlp Other income Bank interest 55,561 113,591 189,552 3,649 19,468 480 6,034 4,409 62,364 121,497 34,740 117,925 235,088 224,292 3,649 19,770 480 7,204 4,409 612,817 54542 173509 271663 6374 16133 585 5858 7899 302 1,170 392,744 220,073 470,563 Direct charitable expenditure Accommodation, food and hardship Salaries, including Nl and p&nsion costs Staff supeNision Recruitment and training Travel expenses Telephone, publications, subscriptions 3.952 159,294 781 10,447 286 14,212 55,934 143,450 4,429 3,023 1,342 600 59,886 302,744 5,210 44888 792393 3g8 12694 2030 73220 1,628 14,812 188,972 208,778 397,750 265,623 Support costs: fundraising 42,853 42,853 29177 Support costs: charitable activities Salaries, Including N l and pension costs Travel expenses Property casts Tèlephone l T costs Postage, stationery and copier Publications and subscriptions Equipment répairs and ranewals Insurance Professional fees Recruitment and training Miscellanaous Depreciation 23,924 53 39,083 1,771 6,892 1,083 2,995 4.635 3,075 4.343 30 1,888 2,964 21,132 45,056 53 45,759 1,998 7,774 1,340 2,g95 6,254 3,259 4,744 30 2,374 2,964 58684 79 37834 1930 8575 2337 908 13107 3048 9439 725 2510 2964 6,676 227 882 257 1,619 184 401 48 92.736 31,864 124,600 142134 Total resourc•s expended 324.561 24D,642 565,203 436,874 Net incoming resources before transfers 68,183 -20,569 47,614 33, 689 20