2 0 2 0 - 2 0 2 1 ANNUAL REPORT
"PROVIDING HOMES FOR YOUNG PEOPLE SINCE 1981"
CONTENTS PAGE
3 Agenda 4-5 Minutes From Previous AGM 6-8 Hits Flowchart 9 Client Comments Ex Client Comments 10 11-13 Google Reviews of Hits Statistics 2020-2021 14-18 19-21 Analysis of Stats Audit Accounts 22
Hits Homes Trust Annual General Meeting 2020/21 on 19th January 2022 Agenda Present Apologies Minutes ofihe lastAGM Annual Report and Statistics Audited Accounts Election of Directors Any Other Business
Hits Homes Trust Annual General Meetin Held on 27th Janua 2021 b Zoom eall l. Present: Dave Brazier- Commillce Chairperson Kash Bhayani - Commitlee Secretary Vicki Stephenson Director Ervin Picari Director Naila Siddiqui Walker- Project Manager Amard¢¢p Matharu - Project Worker Piyush Kol¢cha- Committee Treasurer 3. Minutes of last AGM: The minutes of the last AGM held on 15th January 2020 were approved and agreed. 4. Matters Arisin None. 5. Annual Re ort & StAtisties The members liked the graphics. There was l 00/0 less referral this year. Multi-agency working was demonstrated during lh¢ pandemic. Dave said we needed to encourage new volunteers to become dir¢¢tors. Vicki ihanked Naila and Amar for keepin8 ihe project running during difficult times and this was much appreciated. She f¢lt for the clients who have such restricted lives. and this pandemic has had a massive impacl on their mental health. The staff have regular meetings with clients and now that we have a smart phone, we can use WhaisApp facility. Clients have to wear masks when in the office but not doing weekly H&S checks of tlats. Security have also done an excellent job in policing ihe projcct out of office hours. Vicki wanted clarification on which organisations r¢ferr¢d to as Justice System - explained it was mainly city probation service.. The members suggested we split the city LAC referrals from other departments. Requ¢si¢d Naila to write to Pat Pittman to seek an explanation as to why they had not referred any of iheir clients to Hits. Naila explained there was a lot of competition now with other projects offering self<ontained accommodation but they had 24 hours staff cover. Dave
suggested asking Councilor Ellie Kelvin to visit the project in the future as a way of starting the conversation for the local authority to give housing priorily to our clients. Hits needs to be mor active on social media such as Instagram and snapshot as opposed to developing a websit¢, twitter or emails which are not young people friendly. Kash highlighted that there were less 16 years old. We were culturally very diverse. Vicki asked if the pages could be numbered in the future. The word admission to be replaced. Have rented private sector separate to moving with friends/family. 6. Audited Accounts: These w¢re approv¢d. Vicki to send her list of question to Naila. 7. Election of Directors: Towana proposed Dave as Chair seconded by Kash Dave proposed that existing directors were to be elected in their position5 seconded by Kash. 8. A.O.B Naila to arrange future Zoom meetings.
N]og%Qory 4 October 1981 The Beglnnlng The Founders- Training Scheme Hits Foundation & Advice Centre Hit51ink The SeNice- local trainees a8ed 16 to 25 years old had access to hou5in8 in 7 one-bedroom self- contained flats The offer- one ofrice-based staff for support in life skills The funders- The Revenue costs: Leicester City Council Housing Department & the building.. Coventry Housing Association th 7 June 1991 The Flrst Expanslon The Volunteers-formed a mana8ement committee as Directors ofa Limited Company... The seNice- moved to offering the general public slngle people aged 16 to 25 access to 15 flats; 7 exi5tin8 units located on Evington Road and a further 7 specifically built on Maidstone Road The offer- three office-based staff for support in life skills The funders-The revenue costs.. Leicester City Council Houslng Department, Leicester Social Services and Housing Corporatlon & the buildin8s: Touchstone Houslng Assoclation & East Midland Housin8 Association I" May 1995 The Second Expansion The Volunteers -continued to commit their time, 5ki115, and expertise for the management committee as Directors of a Limited Company. The seNice - continued to provide 22-unit flats for vulnerable people aged 16 to 25- 8 units at Maidstone Road, with a further 15 units on Evington Road The offer-four staff- based at a purpose-built office at the Evington Road site. The funders-The revenue costs: Leicester City Council Supporting People and Leicestershire County Council Social Services & the buildings: Touchstone Housing A5S0Clation & East Midland Housing
1st April 2014 The Consolidation The Volunteers -continued their commitment to the project. The seNice - gave up 8 flats on Maidstone Road to focus on the remaining 15 flat5 on Evington Road where the office 15 based. The offer- From 3 to 2 office-based staff for support in life skills due to changes in the local funding arrangements. bidding and withdrawal of 5UPPOrting people grants The funders- County Social Services & the buildin8s: Midland Heart 1st Aprll 2020 The Pandemic The Volunteers put in a strategy to manage the Impact of the pandemic on the project. The seNice- remained open. The offer- Staff for short perlods worked from home but otherwise were office based. The Impact- 30% Voids due to the decrease in referrals which may have been mainly due to the closure of colle8es. 94% Rent Collected Average stay became 18 Months from the previous years of 9 Months. This was possibly due to the limited availability of Social Housing. There is a need for exploring the Prlvate Sector for move on accommodation and/ or moving in with family or friends. 1st April 2021 The Present The Volunteers- To this day the same volunteers have continued to show their ongoin8 commitment to the project. The service -15 flats on Evington Road where the office 15 based. The offer- I full time and I part-time office-based staff for support in life skills The funders- No grant aid income, dependent on rental income on 1st April 2021 we leased 8 flats at 82184 Evington Road from Midland Heart for 10 years. On 8th September 2021 we purchased 7 flats and the office from Midland Heart and became freeholders. We are the proud landlords of 15 flats at Hits Homes Trust and financially self sufficient
The Future To be the freeholders of all the 15 flats located on Evington Road, maintain financial independence, continue to provide quality standard of service, and as demonstrated in the flow chart adapt staffin8 and accommodation levels to meet the needs of vulnerable single people aged 16 to 25 years old.
Ilwhen Applying for Hits Homes Trust what did you expectP Hpm, CLAd tts bo 21When you moved in was it what you expected? S, Il oxoLtLy lQxpt6d. le to cjcj 31 How has Living at Hits Imparted on your life? (w ck(4 j1(AR F¥ Ilwhen Ap lylng for Hlts Homes Trust whgt dld you expe 'y(LoulcQ Llth i "LIL rutL(, CL£ 2)W en you moved In was it what v u expectedP Y 111th bu'LLL i ecilCI CULJ 4b(JKAbLC: 3) How has Living at Hits Impacted on your life? Lt LLLlI)d fiw g LJ Uil (M lJ0(0 bOLDle (Lo(. IJLd L O VJedu ye4kal CLI 4 fDuc4 eJd7,0th6-4
Ex Client Review of Hits Homes Trust What was your Impresslon ol Hlts Homes Prlor to m14 Here? ¥k 4"k,b w 144 i.v What was your experlence durln¥ your stay here7 T <4 tsf x 140 & k How has Ilvlng at Hlts Imparted on your Ufe? l 6L r lknA Matthew Best EX Client lived at Hits 2012 P.A for Derby City Social Services
Hits Homes Trust 86 Evin ton Rd, Leicester iwrile a revipw Very good 13 reviews on Google Jamlo Bar 515 3 months ago on Google I would Just like lo say a big thank you to Naila, Rachel and Sarah who helped me 18 years ago neady. Where has the lime gone. So much has changed. But il's people like the staff at hits homes trust that has kept my hopes up. There are some good people out there, What could of been a really horrible piont in my life turned into a great time because of hits. They made me feel safe and $e¢ure. Thank you. from jamie Barron 115 2 months ago on Google Traumatic experience would not recommend this place to any young person , if you do attended college or work they will make you pay rent that you shouldn't be paying ,The flats are fvll of Ral$ they usually lie and don't tell people who live there that there are any rats running around as don't want to run out of money or stop getting pald or gel tsken down which I highly recommend they elo$e the place down they don't do anything lo fix or change anythlng they need new staff who are more supportive frlendly and professional watch out for naila especially most of the lime no one is in the office $0 if you need anything they will toll a young parson lo figure11 out them selves 515 a year ago on Google Helped me a lot at a challenging time in life. I was able to learn the skills needed to live independently and move on lo live by myself without support. Staff were very supportive of setting up payments and things regarding living there and managing my money. Living there helped me so much in that perio of my lrfe and I cannot thank the members of staff enough as I wouldn'l be Nthere l am todayl Thankyou
Grandad a year ago on Google I lived at hits home trust about 18 or 19 years ago and Rachel, Naila and Sarah wa$ very kind and lovely people lo me. If it wasn't lor kind people like this I wouldnl be where l am now. Thankyou guys Anesh K 51 2 years ago on Google Life changing experience redrlcko Asam 515 2 years ago on Google More place$ like this need lo ex181, Ihls place needs all the supptsrt il can gel Rub Stron 2 yearg ago on Google Bein9 her wa8 the best experien¢e ive had atthow Bl# 2 years ago on Google Great place, wish l Could of stayed here longer, Naila is a legend l Mlck Is 515 2 years ago on Google The skills you learn he wll stay whh you lor life Raman Calc 2 year$ ago on Google Highly re¢ommended
David Parker 515 2 years ago on Google This place changed my lrfe. rh s Paer 115 3 years ago on Google They say the care about younf people yet if you find yourself a job they expect you to pay 800 in rent a month rather than go here gel a fial rt$ Cheaper or try ymca but do not go to hits home they never helped me wrth anything and nowlust want a lot of money which i dont have do not go here Ifdd Ll 515 3 years ago on Google Excellent knOedgeabla 8laff. One of a kind self-accommodated hostol for young people. This place should be re¢ognised as a necesslty to Lelcester.
REFERRALS FOR 20221 Gender 46 Female Male Age 15 25 21 16 17 18 19 20 21 22 23 24 25 26+ NIK 13 ReferrAI A LCC Coun Council Other Cli Council Leiceslcr Social Services County Social Services ¢neies Total 46 EthDi¢ Origla & Nation*lity Total 46 White.. British 20 BlacklCaribbean/African: Briiish Other Cit Social Services Advice Cenlres Floslels Self Colle Famil Friend Ex-Tenant Currcnts Tenant Justice S stem meni A Connexions Dual Herila British es Asian.. British Other NIK encies LGB'r Other- Website NIK Other 27 Spanish, Syrian. Afghani, Iranian,Erilrean
Disabilities Mental Ph 5ical Learnin Senso Geneti Other Total 8 Leicester Connection Total 46 Yes 30 NIK Outcome of Referrals Offered & Acce ted No Vacancies Did Not 'l"urn Up Informal Did Not Turn u formal Withdr¢w before infomial ui Onl Ina riate Referral e. Didn't proceed with reconsider Withdrew from fomial inlerview Interviewd & Refused 10 Reasons for refusals: Lack of spaces Support necds too high -5 Support needs too low Applicant decided not to accept the offer - 3 Ri%k to others Inappropriate referral 3 Hits withdrew offer- I
Occu gn StAtistics for 2020-21 The following statistics relate to all the people who have occupied Hits Homes Trust flats during 2019-20 Gender Total 24 Female Male Age 16 13 Tot4133 17 18 19 20 21 22 23 24 25 10 ReferrAI A encies LCC Earl Hel Connexions l.eicester Social Services Tenant/ex-tenant Othcr Social Services Total 24 Ethnic Origin & Nationality Tot&] 24 White.. British 10 Blacklcaribbean & BlacklAfrican', British Advice Cenlres Colle es Probation hoslcls FDLINHS services Other councils Self- iniemet Famil Dual Flerita British Asian: British Other., 10 Other 12 Slovakian, Afghanis, Iranian, Syrian, Eritrean, Congonese, Egyplian
Disydbilities Hearin learnin sical Mental Health Totsl 10 Lei¢¢ster Connection TolAI 24 Yes 13 None NIK Out¢om¢ of Residents Moved to Local Authority Flat Moved to a RSL flat Moved in with family/friends &5to rivale landlords Other su orted housin Still resident on last day of eriod Other universit Abandoned Totll 24 15
Need5 Anal sis at Tenant Selection Main Re2son For Homelessness Relationship br¢akdown Domestic violence Prison discharge Total 24 10 Main Need For ort Physical disabllity Total 24 Ikvel Of Support Total 24 Low Aids/HIV Degenerative & debilitatin illness Learnin difficult Mental healih Complex needs- number of reasons Dru Alcohol Young person @ risk, 16117 rold Lacking basic skills Other Lowlmedium Medium 12 14os ital Leavin care Residential rehabililation Lon term hom¢l¢ss Rou h slee er Lodgingslrelatives Medium/Hi 23 Eviction (Rent Arrears ossession Bud etin Private Harassment Property uninhabitable lumlrefu overcrowdin Disabilit ee
Total Number of Referals over the last 3 years 160 140 120 loo 80 60 40 20 Stats 2018-2019 151 Stats 2019-2020 Stats 202fy2021 46 Total 139 Comparison of Male to Female Referals over the last 3 years •M•Fèrnale Male 70 50 30 20 io Stats 2018-2019 Stats 2019-2020 SLits 2020-2021 Female Male 80 78 71 61 21
Breakdown of Referal Sources LCC CelcesteT Sodal Servlces LGDT Ernploymem 4¢nfl4$ 0% Connèxio 13% County oty Ser¥lcei Curr•ntsTena Juitice System Frlelld enant Coliryes 16% Comparison of Referal Outcomes over the last 2 Years 25 20 15 io 2019-2020 •2020-2021 20
Main Reason of Homelessness of Referrals Lod8ings/relatives 4% Asylumlrefugee Relationship breakdown Domestic violence Prlson dlscharge Relat*on5hip breakdown 42% Hospltsl Leavlng ca Leaving care 46% ResSdentlal rehabllltatlon Longterm homeless Rou8h sleeper Lodiln8s/relatlve5 Evlctlon (Rent Arrear$l Reposse551on ud8etlng Domestlc vlolence 4% PrSv•te Harassment Property unlnhibltible MOVE ON OUTCOMES OF CLIENT ADMISSION Moved to Local Authority Flat Moved to è R5L 11èt Moved in with fLiniily/friendslprivate • other supported housing Still Ipsidpnl on last ddv ol perlod Other univeisilv Abandoned 15 21
Reglstered Charlty No:1049935 Reghtered CoDwauy No: 2912187 (England and Wthi) Rt8ht•rd Comp•ny No: 1912187 S HOMES TRUST LJMrriD (A CthhpLyiimit•J by1) FINANCIAL STATEMEN FOR Tlli YEAR ENDKD 31 MARCH 1021
HITS HOMES TRUST LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Cbarlty Refffenca aDd A(Imini8trative Details Report of the Managanent Committ Indyndent Examin¢rs Rert ststaJent of Finan¢ial Activitie8 Bal¢8 She¢t Notes to th¢ ALYounts 10-15 IJKome & peIltre Acwunt. 31 Morth 2021 EVINGTON REVENUE 16 Income & Exprnditwe A¢¢ount . 31 March 2021 EvfNGTON 17 tnwrne & Expenditure Account. 31 Marth 2Q21 CHARJTY CAprrAL 18 Jncome & Expthditure Ac<oiint. 31 Mar¢h 2021 CAprrAL FUND 19 SUMMARY OF FUNDS 20
HITS HOMES TRUST LIMrrED )R THE YEAR ENDED 31ST MARCH 2021 CharityNam¢: Hits Hornes Tru8t Limital (by GU) Clrity Rew8tration Number. 1049935 Compony R¢wion Number. 2912187 (England & Wale8) Registe0 01Sce and 86 Ewton Rood Highfields LE2 IHH Dave Brn7ier (Chair) KaileBh Bhayani Vi¢toria SteplwnAon S•er•tary Kai1¢8h Bbay&ni Mr8. N Siddiqui Wjlker (Proie£t MADa8tt) Jndepend•n¢ Examln¢ Celerica Limitol First Floor Th¢ Old Chyl 9 Kempson Road LE2 8AN BAnke National We8tmiti¥t PO Box 333 Silbury House 31)0 silb Boulevard
Hs HOMES TRUST LNrrED FOR THE YEAR ENDED 31ST MARCH 2021 Thc tnte£S pr¢3ent their Tel fmancial statanfflts of the charity for the ye4r endeAI 31 March 2021. Th¢ tnL8t¢e5 hav¢ adopt1 the prnYision8 of th¢ Statancnt of RecA)mmaLdcd Practi¢e (SORP) 'A¢wuntin8 and Reportin8 by Chariti¢8' (FRS102) in prepari the annual fiDan¢ial stateEnents of the ejwity. The finCIal statements have be¢n prepttrnl in a¢ordance with the aLwunting poli¢ie8 8et in th¢ note8 to the accounts and comply with the charity govLYnin8 doa]m¢n( the Ch&Titi¢s Act 2011 and Accounting and Rewting by Charities: Statement of Rewmmeoded Practice applicable to ch&itie8 pr¢parins their accounts in rdanCe with th¢ FinanciaI Rwtin8 Standard applicable in the UK and Rqwb]i¢ of Jreland Publish1 in O(*ober 2019 (w3)nd ition). Th¢ dire¢toTh of the dwitsblc wmpany are a180 its tru8t¢48 for the puryoje of cjwitable law. The tru8tees WI have xrved durlDg the year and 8inex th¢ year end are a8 follow8: Dav¢ Brazier Kaileth Bhayani Vi¢toria StephrAOn Kote¢ha Ervin Pi¢4ri Activi The principal gctivity of the clwity continue8 to be: The provision ofhousing and a980¢lal amenitie8 for young pff8on8 in L¢ieatW8hi in necasitous Circum on t¢rnl$ 4yopriate to their me4Th8. b) To manage schome8 of housing deSigu for young prnng in L%i¢ut¢rth ID ¢) To provide yowig in Ixice8tershire in neol of housing 8ffjd a880ciat¢d facilitie8. advic4 lstance support desi to meet their di8abilitieB and rquitrmrAkn to live indeptly. The tfU8teeB h8V¢ WDsidernl the gen¢rnl 8u1dlln on thI1¢ benefit iwcd by the Cbaritiea Cott)misaion and ba8 tsken due re8ard of that suid8n¢e. Tr In L))n8id¢r they are 8ati$fied that the clwity$ a¢tivitie4 do provide a wide publi¢ ben¢fiL
ITS HOMES TRUST LIMITED REPORT OFTHE MANAGEME COMnEE FOR THE YEAR EfADKD 31ST MARCH 2021 (CONTINUED) Stra evements In 2020121. Hits Home8 ctIn to provide temporny 8¢lf ¥l)ntsinal accommodation to vulnaable slus1 homekn6 pwl¢ b¢tweth 16 to 25 y¢ar¥ old. In 2020121. th¢ project 1Ve4 46 thquirie8 for ac¢ornm4)thioL Of the4 21 wer¢ Men aNI 25 we¥e womaL The etbnicity and nationajity of the referrals were:. Whit¢ Brili8h 20: Black Briti4h 3. A8ian Britiab 4: Dual Herita8e 2: Other 7 Not Known 12. The proj 24 p)18. 13 male and I I femal& The ethnicity and nationality of the indlviduals were:. Whit¢ Briti8h 8: Black British 2; Dual HffAtw 3. A8i4n / British O. Othff I l. The a. 16 >ffjQT8 old- 2; 17 y¢arn old- 7: 18 year8 old- 10, 19 y¢arn old- 1; 20 year8 om . 2; 21 )Yan old- 2; 22 r& old- 1: 23 yeor8 old - 0. 24 ye&8 old - 0; 25 yew8 old- O. LCC Houging Still Accmdated 15 Not Known O (Univffgity) 24 With jimitsl re80urn and diffialltie8 obtsiniD8 litional fillth& it colltinu to b¢ difficult th plan or dcvelop additional 8¢rvic¢s. The charlty with fllmncial bc Incun a deficit of £575 (2020: deficit £fj,673).
lls HOMES TRUST LIMrrED REPORT OF MANAGEMENf COMMITTEE FOR THE YEAR ENDED 31ST MARCH 2021 (coNfINUED) inancial The clty$ unrestrict rcgerves at the end of the financial year stocrfj at £203,601. Of this £199,670 been designat1 to a nInte fund leavin8 £3930 as free rt8erve8. Tbe free Unrestrict reserv of £3,931 has fallen from the prfflous yeAr tttml the tru8te are ntInuallY 8e&nB for oth¢r funding to kilitat¢ reg¢TveB to Lxiver approximatsly 6. 8 mon tothl ¢xpthditure. Th¢ policy 18 a rol]in8 policy reviewed annually In view of the ri#kB jinkal with the woputAe8 and th¢ iesiJlaliv¢ ¢hAD8M that can be implanent&l at any Biveo time. •J The Chlty plaDJ to continue the activitie8 OUtlineAI thve in the forth¢8 ye4r8 subject lo the wlltinuw of Satisfactory funding arrangts. Plans re al bein8 developcd to work with a nuniber of trDID8 providers to provid¢ iti houje trAinin8 for 8orvic¢ u8ff8 to eDable than to have a Bkills bue for ¢mploymart wbich will1¢l to Ion8 tvm 8rrinful Th¢ or8ani8ation 15 a cEwitabl¢ company ]imit&l by 8U•r4 without kn ltA1. The compan8 8overnin8 dOtat 18 the Memor8ndum Artide8 of A88ociation which e8tabli8kn1 the obiKts Ind pwtn of the clwitable conwmy, In the event of th¢ ¢ompanybdng wound up manbffs ue re4uirnI to contnljute Im amount not £1. The charity ha8 a arrenl Mana8anffjt CoJDrnit¢e¢ of 6 Memb who me4t ovay 6 we4k8 and ar¢ r¢sw)nble for the Btrat¢8i¢ alrtIOn aod policy of the elwity. At pr¢sent tho Lx>niDlltt m¢mber8 are from a y1¢ty of prots8ional backwund8 rclevant to the WO of the thlty. A gcbcme of dele8ation 1$ in pl and day to day re81>111ty for the proviBion of s¢rviL%S rth with thc Projcct Mana8¢r. Th¢ Proj'ect Matw 18 also reswble for en8win8 that th¢ charity delivttB the 8ervsceB SpRfia and that k0ypcrforn indicatOTJ are rnet ond a180 the day to day operational MAnftt. The directors of the LX)mpany are al80 charity Ite¢& for tbc prN)Be8 of ¢hJrity law and Under the requircments of the meOTanth 8nd Articles of A8xKiation the member8 of the Mana8an¢nt Comznittc¢ arc eld amiu8lly to 8erve for a pffiod of one yer thr l¢b thry must be r¢-eltea at th¢ a¢xt Annual Genaal Me¢tin8. One thi of the rnembers or a minimum of three are rwir•l to 8tand forrtrel#llon al eh Annual GfflQr Mxting on a rotating bll8.
Hs HOMES TRUST LIMfTED REPORT OF THE MANAGEME[ comm£ FOR THE YEAR ENDED 31ST MARCH 2021 (CONTINiIED) to the nature of the obieKtivGy of the project much of the clwAty's focu8 are appmprlyTrfil throuth the divrfsity of the tsusteebo8rd. To enh Ihe pOti&l wx)l of tsuB* thc chfjrity se£ks to tdentify >t)un8 pcople wTrM) ve been Tn effort to Maintain a broad mix of skills, members of the Managemfflt CollJmitte¢ arc requethl to pmvide a list of their 8knll8 (end it year) alld in the event of p•tioulor 8killJ brrin8108t duc to Tetir¢meat4 individu9 opproa¢hol to offer them8dveB Most tru8teeB Rre familiar with the Jractid WO of the charity 08 the ¢baritylM8 woknl in partnership with them ill a variety of field8 to ejthall the 8upportlfOVi8ion provid lo the yDull8 px)pI¢. IILem8elves with the charity and the ntext within whith it opaates. Thi8 is led by the Pmje¢t Mow and overwa by the Chair of the CA)mmltt¢¢ and covorn: l. A tour of the ie£t.8 pr¢mi8 2. The obliytion8 ofmryfflt committ manbffL Artides of Amociatlo 4. Ru1n8 and the curr¢nt fitiw41 poiition 48 O¢t out in the lat¢rt publisbed S. Future planj and obj¢rtiV¢8. to. A ii8k re8ithr is bein8 •8t•bI18b ond will be annuglly. Whtt¢ approwix 8yJt¢ms and pmcedures have bc¢n eutabli8W to rniti8ats the riskB thttt the charity fa. Ext¢rnal risks to fimthng hav¢ been minimi2ed with a strategic plan to allow diveABifi¢ation of fiu¥1] Internal control risks ate minimi$eAJ by th¢ In1¢nelltatIOn of a financial policy 8rxl for ftlltlkn)Ti8ton of all transac within the proj Pro¢4lur¢8 Ire ill pla¢¢ to 4xwur¢ wliance with health and of 8tAff. volillitea4 prOjL Pag• 5
FOR YEAR ENDED 318T MARCH 2021 (Corn) wbicb giv¢ • fair vi¢w of the rtate of thir* of th¢ of th• cl)••rv¢ th¢ mOJMJth willGipkn In the Cb•riti SORP 2019 (TRS 102); -IE.Pf6.292.J- ).MrDBTr7a
Hs HOMES Trusr INDEPENDENT EXAMINERSI REPORT TO THE TRUSTEES OF Hrrs HOMES TRUST FOR THE YEAR ENDED 31 MARCH 2021 W¢ report on the accounts of Hits Homo Tnmt for thc yellr endaj 318t Nfarch 2021 which are toutonpaw 8t0 15. Rupowlbllldej and of rert AS the L*arity trusteu of the company (and its dire¢ti)rn for tlw PuryK of compatty law) you are rwnsible for the prepatAtion of th¢ a¢xounts in with rwjirrnts of the Companie8 Act 2006 ('the 21X)6 Act). Having 8atA8fied ouroelves that the ficoymts of tho company are not requir•J to be audi1 unts Part 16 of the 2006 Act and are ellgible for independent arnia we report in r of our eXamItion w¢ hAV¢ followeA the DireLlioDs giv by the Charity Commi88ion vllder SlI0n 145(5Xb) of thc 2011 Act. IDdep•ndent Emmkner'i Stat•ment We have cornplthl our examination. We Ggn wnfirni that no mattLYS have c4)me to our acc0utiti reLx>rd8 were Tr)t in r¢e¢l of tbe LY)rnpany u requirnl by wlion 386 of th¢ Act; or the accounts to not wmply wxth the acwuntin8 re4wiran¢nts of 10ft 396 of the 2(K)6 Act othtr thall Y rquiran•nt that the Icwunts 8lv¢ a'tnw aad fAir vieww y1¢h 18 not A the have not been prep In with th¢ m¢thods And principEe8 of prepaTill8 their acmts in with the Fin¢11 Retill8 Standard applicable to UK and R¢pub]i¢ of Ireland (FRS 102) W¢ hav¢ no concun8 and Iwve come aLT088 no othff Dtt8 In fA)nne¢lion vlith examination to wbich attention Should be drawn in this rep)rt in onler to enabje a proper Und of CELERICA LTD FIRST FtLK)R THE OLD CHAPEL 9 KEMPSON ROAD LEICESTER 11 Decew7 2021
HITS HOMES TRUST LlhI STATEME1 OF FINAIYCIAL AcrIvrriES FOR THE YEAR ENDED 31 MARCH 2021 (]ncludlng Inconx and Expendllur•) 21 N•1• Incom¢ endornts from: ajarilable a¢¢ivitie Inveatments 151,192 121XI 151,192 170.815 1,410 Totsl In¢ome And endowments 152 152 92 1 pmdlture on: Charitsbl¢ a¢tivlti¢8 147,552 S,415 147.552 170.573 5,415 8,325 Tot•1 Exp•wJdlllln 152 67 152 67 17 898 Net Ineonx l ¢xpMdlturn (575) (575) (6,673) Net nwvennt In fund• (575) (575) (6,673) R¢wnciliation of fimth: Total fvad8 broughi forrwd 21J4176 2¥176 210049 Tot•1 fimd• canl•d fornrd 203,601 204 176 All fi8weB rela to ¢ontitiUin8 opmlion8.
ASAT31 JL4RCH 2021 N•¢• 16 io 63343 66,389 146 212 639 216 875 13 203J89 204160 13 ij 3.931 199h70 11.160 a93,016 thp i¥•read•d 31 Mv¢h 2021. Ar th¢ )w 31 PaK¢k2021 Ill wlth Seodrn 476 ofth¢ Aat 2016.
Hs HOMES TRUST LI[ NOTES TO THE ACCOtINTs FOR THE YEAR ENDED 31 MARCH 2021 l Accounthig Polici l. Summary of Kulfi¢t Aceounth8 poll¢k• a GeDer•l Infonnatlon bA•b of preprllon Hits Homes Tht 13 a clmrity in England and Wales and a company liznit by guarant¢c. Jn the event of tbe charlty bang woufml up. the lith'lity in rrnpe¢t of the 8uaTantee is limited to £10 per memb¢r of the Charity. The addrw of the chaTityJ h•Ad office IB 8iven on page J of th¢8¢ finan¢ial statements. Th¢ tJatur¢ of the 18 OpernO Attd principal &divitie8 d¢tsiled on py 2 of thwe financlal statemats. Th¢ clwity Lx>n8titute8 a public b¢n¢fit qlltity 08 d¢finfAI by FRS 102. The fioan¢Aal State)ellts with the Financi Rwtin8 Standard applicable in the UK and Republi¢ of 1rdd i88ual in Octobw 2019, the Financial Rerting Standard applithle in the United Kingdom and R¢publio of Irel1 (FRS I2), th¢ ChorAtie8 Act 2011. the Compani¢B A¢t 21YJ6 #od UK Genen]ly Acuptul Accounting prxtica The finencial 8tstcments are pwarnl on a 8oln8 LI)n¢ buil the bist0T1 ¢oJt conventio niodified to include thin itans at folr valu¢ where ci)ll8kdered ne83y. The aThJ rourxled to the neare8t Fwd. b Fun Unre8tiyctAI fimd8 are avai]&)le for u8e at the diBcrvlion of the tru8t¢¢6 in filltbmce of the 8ffleral obie£tiv¢8 of the cknity aNI whl¢h have not bem d¢oAWte4 for other Designats] funds mprise uur¢8tri¢ted fimds that bave been 8¢t 08ide by the truJtcc4 for finan¢i818latements. Restrictal funds are fimd8 are to be u8&1 ia acL¥Jrkn with SpfiC regtrirtion8 impos by donoT5 or whith have b¢¢n rai8cd by the charity for particular p3C5. The and use of ench restrALthI fund 18 8et out in the notss to the fmancial 8tatem¢nts. e Imeom¢ reeognltlon All inLX)min8 TesourLW are in¢lvd¢d in the Statement of Flnancial Aetivitie8 (SOFA) ThlKn the ¢h8rity is le8ally entitl to the income after any perforrn of ¢ondition8 have beffj m the amount call be melwed rdiabty it IB probable that the inme will be rec4£ve4L Pap 10
HITS HOMLS TRUST LIMITED
NOTES TO THE ACCOiINfS
FOR THE YEAR ENDED 31 MARCH 2021 (CONTINUED)
l Attoutttlng PolId (CoDthiued)
l. Sumnwy Of ilglllat ACtOUDths poll&• (Conthiued)
¢ Jneom¢ rwllldon {Conthill•d)
For donations to be T0181 the CTr1ty will have be
TrTs HOMES TRUST LIMITED OTL8 TO THE AccoiJNrs FOR ThE YEAR ENDED 31 MARCH 2021 (CONTINUED) l Attoullthg Polldes (Conthiued) l. SllnuDary of Jlgnlfi¢ant accounthig polldu (Conthiued) All expenditure is awounted for on all aciYual8 ba818 and has been das81fi under headi that awegate rA)8t8 r¢lat&l to the cat¢gory. Expmditure is rewgllised where there is a legal or constrtive obligation to make paym¢nts to third partie4 it 18 probable that the sdtlement will be requirnl and the amount of th¢ obliwion aqn be me48ured relkably. It 18 cate8ofAKd under the followin8 hethg8: C08t of rai8in8 fill Expamlftture on chlble activiti&8 Other expenditure reweaents those item8 not fallin8 into th¢ above tee8. Izreeov¢tabl¢ VAT 18 ChAr8 a8 an ¢xpen8e a8ain8t the activity for whi¢h th¢ oxpoMlitur¢ Support ¢o•ts Allo¢do Support CO8ts are those that ts8i8t th¢ work of the charity but do not dirThxly repreafflt Chitable activities include office wsts 8overnanrx colts and adrnini8trative They are incurred directly in support of expealture on th¢ objects of the charity. Fundrai8in8 costs are th08e inaurnl in 8thig vohmtary nInUtIonS and do not include th¢ costs of di88anwtiD8 infornmtion in support of the ¢harAtable activiti¢8. The AnAIyri8 of th¢8e lxwts is in iDcludeA in note 7, T•nglbie e No depreciation li provided on tangible fixed usets. Assets are written off at the time of pUbAS¢. This 1$ Contrary to the rquir¢ments of FRS 102. The trustee8 a)nJid that tIMe assets will Imve a Small re4idual value at the end of C fill4141 y•or. Debton Ind cre411ton reeefvble I payable wlthth one yMr I)¢btoD and LThlitoTr with no ststthl intuat rate and receivable OT PAyablc vlithin one )¢ are rewtded at Irn)aOn lle¢. Any108g¢s arijing from impainnmt are zfWBD18 in ProvisioL8 are rrxo8Disal whffj th¢ c17ty has an obliwion at the bAlan¢¢ 8beet dat¢ a• a r¢sult of a pL8t Et 18 probable that an oufflow of b¢n¢fits will be requir1 in settlrm¢Dt and tb¢ nOUnt can be reliably c8t1m*. Rentals payable or receivable operatinB1¢08e8 ore ¢geA1 to the SOFA on a straight lin¢ basis th¢ wiod of tb¢ legR Page 12
Hrrs HOMES TRUST LIMrrED NOTES TO THE ACCOiJNTS FOR ThE YEARENDED 31 MARCH 2021 (CONTINUED) Aewinthig Polkld (C•ttthiu¢d) of d8nH1ct a¢¢ounthi8 poli¢ieB (Continued) J Tuadon frojn UK dIrt t8110 k Colng eoneern believ¢ that no materid unrtntieS exisL The trustec8 Ive f8]dCd the level of fund8 held aud the • level of 1me atsd expenditsre for 12 months from 8uffi¢iffll with th¢ levd ofre4aveB for thc clwity to b¢ able to continue a goin8 2. Net Ineome l (Expelldlture) for the yeAr I)¢preoiation 3 DonAtlon• lep 021 202 4 111¢*ble Aedvll Rets1. vIce ckng¢ aNI Supm P&)ple Income 151192 170815 5 Inv•thfflts 6 Tot•1 EdIthr¢ verhea 020 Cknitable VIde8 84.160 12,398 96,558 147,552 5.415 5.415 IOJ 973 152,967 84.160 l(kS.416 50.990 170,573 8J25 178,898 50,990 Pagg 13
HITS HOMES TRUST LlllTED NOTES TO ACCOUNf8 FOR ThEYEARENDED31 MARCH2021 (CONfJNUED) 7 Support Cojts Salarie• 31.126 29,967 2.825 9574 19,864 63,393 2,525 13,549 18.112 64,157 Offic¢ coats 1,560 3,855 Bookkwin8 ¢08ts Profe8sionAI feel 5,415 8.325 9 Tanobk Flxed Amets Corti l Apil 2020 and 31 M•T¢h 2021 21,0(Ki 52,067 73,067 A• at l Awil 2020 Char8¢ for th¢ Irar at 3] Mar¢h 2021 20,999 51052 73.ojl 20,999 52.056 73,055 et Book Valle: Al It 31 March 2021 li 12 t 31 March 2020 15 16 10 Del)to Rents receivable 5.174 58.069 63,243 8.943 66,389 11 Credltor•: Atyownts du¢ wtthlo •n• ymr Accrual• 13286 13286 8,479 8,479 Pap 14
NOTES TO THE AccouNrs FOR THE YEAR ENDED 31 MARCH 2021 (COhrylNiJED) 12 WAW and SAlarf 21 50,990 48.079 Av¢ra8¢ tsunbtr of ¢DypIoy• All Ar¢ emplo1 bytbe cbArity. No ell¥lo earn•d morp thAD £60,[ p.a. 13 Unr¢•trkW Capitsl Fund 49.988 38.828 11,160 1200 {1,200) 49,988 46,057 3,931 112,924 1112,924) 95.095 10,000 73,016 120.000 5&697 (40,043) (10.0001 79.67Q 120,0(M) 152 392 152.967) The Capital Fund ha• bc¢n 8amt¢d over th¢ y¢•rn 00 ae4)Xtht of th¢ wviL¥J Gh8. Th¢ fimd MAY be uxd r¢pair¥, mAinteD ond other wJn¢ipl¢ *ivitits of the CILty. 14 Trult IS C•)ntrts]]Ing Int¢r¢AI 16 ShAre C•ptt Py15
INCOME ANII EXPENDTfuRE ACCOUNr FOR ThE YEAR ENDED 31 MARCH 2021 18.699 18,699 50,990 4&079 Trnv¢l Trni Building Expetue• Li8ht & HeAt 155 875 274 1,084 1,576 U25 911 128 751 287 1207 3,135 EqlpInellt T•l¢phone Stationtty, Poltsge & Ththli¢ation• aea1# Mbteritil• 518 13 Ho4)italty& A¢tivit Bookkw Fe 62 3,840 3.855 299 7,349 Ptof¢88iond fe 72J04 N¢t Ill¢ (delldt) for th• Y•tr{mi p•ge 20) P49 16
Hfis HOMES TRUST LIMED FOR TBI YEAR ENDED 31 MARCH 2021 021 2020 45,536 48,959 27,321 29,376 72,857 78,335 80,662 71.414 Ho108 Benefit re 88 Evinglon Road I%icc8tcr City COU11 Sllpk charye8 DamaBe8 ropfjid re 82184 Evin8ton RofAI 31 94A95 54697 151192 152,116 R¢ 8W84 EMn8ton Road 16.062 1.633 394 16.062 1.633 394 22982 18.012 1,474 486 34.321 Light & Hcat Rent . (Midlffjd H•mt) 22,982 2,146 20235 2.146 43,217 1257 55,550 22,982 Re88ERo 16214 1,474 16214 1.474 17242 869 28J17 21,135 21.135 Mi•¢elJanw 1.276 19,808 1.276 1529 50,866 21,135 44,117 io Net InLN¢ (ddldt) for tht Year (M• pw 20) Py17
FOR THE YEAR ENDED 31 MARCH 2021 1,200 1.410 Tellts AcdTA¢i Movin8 Path for Flats Tenant Fu¢1 174 174 NrtI•efjw• (Tldltlt) hr the YMr{Me PAY P•p 18
1.410 NrtJnem¢ lor the Yev (••• pw 20) 19
FOR THE YL4R ElED 31 MARCH 21121 202 (68.804) (53,IAI5) EvfNGTON RENTS AND SFRVICE CHARGE SURPLUS 67.033 45.71M) 1236 (571) (6,669) Le86 DWlatIon for the year (4) (4) (575) (6,673) FUNDS BROUGErr FORWABD 204.176 2JO,849 3.931 79.670 120.000 11.160 73.016 120,(KN) DESIGNATED MAINTENANCE FUND DESIGNATED PROPERTY FUND Pag• 20
Hits Homes Trust 86 Evington Road Leicester LE2 1HH 0116 2545429 www.hitshomestrust.co.uk
"PROVIDING HOMES FOR YOUNG PEOPLE SINCE 1981"