Charity reglstration number 1051415 (England and Wales) FURNESS HOMELESS SUPPORT GROUP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FURNESS HOMELESS SUPPORT GROUP LEGAL AND ADMINISTRATIVE INFORMATION Presldent Lady Grania Cavendish Patron Lord Hulton of Fumess Trustees John Calveri Janice Sharp Simone Singleton Management board Janice Sharp (Chair) Julie Underwood (Treasurer) John Calvert David Morris Simone Singleton Anthony Miller Charlty number 1051415 Independent examSner JL Winder & Co Suite 6 Furness Gate Peter Green Way Barrow in Furness Cumbria LA14 2PE Bankers Bardays Bank - Barrow 86-90 Dalton Road Barrow in Fumess Cumbria LA14 1JH Fumess Building Society 51-55 Duke Street Barrow in Furness Cumbria LA14 1RT Solicltors Denby & Co Solicitors 119 Duke Street Barrow in Furness Cumbria LA14 1XE
FURNESS HOMELESS SUPPORT GROUP CONTENTS Page Trustee report Independellt examiners report Statement of financial activities Balance sheet Notes to the financial statement5 9-17
FURNESS HOMELESS SUPPORT GROUP TRUSTEE REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report and financial 5talements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 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 1 January 2019). Objectives and actlvities The charity's objects are to offer support and practical help to all those in the Furness area of Cumbria who have accommodation relaled problems, or who are disadvanlaged by unemployment, illness or other factors. Furness Homeless Support Group offers:. • an open door to all people who need assistance, SUPPOrt, resources or have accommodation related issues. signposting to relevant agencies food, Clothing and household resources supported accommodation practical support to enable individuals to maintain a tenancy. Public benefil The Trustees have paid due regard to guidance Issued by the Charity Commission in deciding what activities the charity should undertake. AGtivities These objectives of the Charily are carried out through the operation of the following support resources.
FURNESS HOMELESS SUPPORT GROUP TRUSTEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Day Centre and Accommodatlon Units125 & 27 Bath Street, Barrow in Furnessl The day centre is currently open Monday to Friday 10am lo 5pm and offers housing and benefit assistance and practical support to all those seeking its seNices. In addition to this. FHSG offer a hot midday meal. It also provides a venue where people can meet and chat. The upper two floors of 27 Bath Street provide 24 hour fully supported accommodation for up to 5 residents. Tenancies are usually 1 lo 6 months and occasionally longer. Whilst living at FHSG, residents are encouraged to partake in independent living skills. tenancy training and budgeting in preparation to live in FHSG'S semi supported unil based at 25 Bath Street. In July 2021 we began renovating the upper two floors of one of our properties in preparation for our new project. We work closely with the local Council and Women's Community Matters {WCMI to house females who have been made homeless as a result of domestic abuse or trauma. The project needed to be safe and secure and welcoming to those who come to us as a result of a distressing sitLEation. A grant was received from the Poslcode Lottery specifically to install new UPVC windows throughout, a heavy duty composite front door and a CCTV system. This unit allows women the safety and breathing space to make steps lo recover from their trauma with support from FHSG and WCM. Durtng this time we look for suitable and sustainable accommodation for them to move on into in a planned way. 25 Bath Street- Ground Floor Flat This flat is used specifically to hous8 people who require level access and longer supported accommodation. 144 Anson Street and 36 Hood Street Both of these properties provide longer term support to individuals who have been identified with ongoing support needs. 121 Anson Street A 3 bed fully furnished lerraced house was purchased by the charity in late 2020. The house enables us to generate rental income by providing accommodation for families. Training and Volunteerlng Training is an ongoing pursuit for residenls. volunteers and staff. We also liase with local colleges and training providers. Charlty Shop (23 Bath Street, Barrow in Furness) The charity shop and slore offers reasonably priced donated second-hand goods including clothing, bedding and household items. We also have many volunteers who donate their time on a regular basis. The charity shop is in the heart of the community in which FHSG operates and has now become a focal point for many residenls. Christmas Shelter Our Christmas Shelter is now based in our day centre (27 Bath Street) and provides a venue for homeless people and families to spend time in a safe and secure environment.
FURNESS HOMELESS SUPPORT GROUP TRUSTEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and performance Yet another challenging and demanding, yet rewarding year has passed by We housed 12 women in our female only accommodation and 17 people in our generic supported accommodation. We have never known a time when we have had so many complex needs access our service and il has not been wilhoul its challenges, however many of these have moved on to live independently in their own home. 11 is always nice when they return lo see us. We have spent a lot of time recruiting new bank staff for our accommodation unit to take the pressure off staff in covering shifts during sicknesslholidays. Our board decided that it was the right time to have HR assislance, so we appointed Phil Collier HR Company to assist with all our HR requirements. This has proved to be extremely helpful for manager8 and staff alike. We received news that we were successfully awarded a 3 years contract to continue running our Women's D.A. Projecl. in partnership with Women's Community Matters {WCM). This will begin in April 2024 when the contract with Barrow Borough Council comes to an end. The contract was awarded by Westmorland and Furness council through the hard work of Rebecca Robson of WCM. We will continue to work closely with Westmorland arij Furness Council (Barrowlsouth Lakes) and other housing providers in the private and charity sectors in the pursuit of housing homeless individuals. Our day centre continues to be well used as a Warm Welcome Space on a Tuesday through the colder months of the year. In April we were very proud lo receive 5 slars from the Food Standard Agency following our inspection. Most weeks we provide dinner for 25+ people. This is free of charge, though donations are welcome from those that feel they are able. Harvest donations were received from schools and churches far and wide, These donations not only help provide provislons for use in our day centre, but they also enable us to provide food parcels to those in need. Christmas Shelter 2023 was again a very successful lime serving over 100 meals through Christmas Day and Boxing Day. This was only made possible due to donations, the generosity of the local community, and the hard work of staff and volunteers. Once more we were overnhelmed by peoples generosily. 11 really does restore your faith in human nature. The first Forty Winks for Furness was held in December 2023, which was kindly organised by Paul Griffiths and Beverley Morgan, members of the Town Council. 11 was also sponsored by Westmorland and Furness Council. This raised a staggering £14KI This was a great cash injection for our charity and was only possible due lo the biave people sleeping out al Barrow soccer ground on one of the most horrendously cold and windy nights of the year. We would like to also thank the very generous people who sponsored those that slept out. The plan is to do this again during December 2024. Our Charity Shop continues to go from strength 10 Strength. We have many dedicated volunteers who together help us to receive, sort, recycle, and sell our donations. The income is slowly increasing following Covid 19 which we are thankful for as it generates income lo run our SUPFX)rted housing projects. Thank you 10 811 involved in Ihe Charity Shop. Property repairs and renewals have been ongoing throughoul 2023124. We pride ourselves in making our rooms comfortable for our residents and we have been replacing windows and renewing flooring, beds, bedding, curtains in our housing stock. These renewals wi15 make our properties not only warmer and cosier, but also easier to l(eep clean. Once again we are nudging ourselves more and more into the 21 st cenlury! We have finally said goodbye to our yahoo email and now have an @furnesshomeless domainl This means all members of staff now have an @furnesshomeless email making day to day working life much more manageable for slaff members. All of our achievements are only possible due to our dedicated staff team, our volunteers and our Boardl Trustee members who whole heartedly support us_ With staff shortages earlier Ihis year our team really have gone above and beyond to enable our service to keep running 24-7. We truly Ihank each and every one for your contribulion to the charity.
FURNESS HOMELESS SUPPORT GROUP TRUSTEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial review Income decreased slightly this year, and tolalled £264,217 (2023 £269,643). The main sources of income are shop takings of £40,211 (2023 - £36,750) which continued to improve after Ihe national lockdowns in 2020 and 2021. Housing benefit decreased from £139,381 to £123.560. In the year the charily continued to receive funds from a new contract with Barrow Borough Council regarding providing shelter for domestic abuse victims- £32,500 (2023 - £32,500}. Other income was resident contributions of £6,983 (2023- £6.105), income from donations and grants was £39,938 (2023 -£47,112). Fundraising events tolalled £11,220 (2023-nil). Investment income received was £9,80412023 £7,795). £7,200 {2023- £7,440) of this related lo rental Income from the inveslmenl property- 121 Anson Street. Resources expended amounted to £259,403 (2023 - £216,078) There was a gain on the investment property of £9450 (2023- nil) following a revaluation this year, The surplus for the year was £14,264 (2023 - £53,565). This is splil beeen a surplus on unrestricted funds of £13,882 {2023- £54,085) and a surplus on restricted funds of £382 (2023 - deficit £520). The Charity reserves at the year end totalled £653,655 on unrestricted funds and £4,126 on restricted funds. Resery8s policy It is Ihe policy of the Gharity Ihat unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent to between three and six month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves ha5 been maintained throughout the year. Major risks The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management The charity was established by a charitable trust deed on 13th December 1995. 11 is a joint church and community organisalion. Trustees are appoinled following suggestions which are brought before the board meeting and, if agreed, that person is then approached and asked if they are willing lo undertake the role of trustees for FHSG Appoinlment and induction procedures are then followed. The trustees delegate the day to day running to the manager, Christine Bainbridge. and the other staff at FHSG. Several members of the management board also play an active role. The trustees and managemenl board examine the major risks that the charity faces each financial year when preparing budgets and discussing plans for the year ahead. The trustees have developed systems to monitor and control these risks on a regular basis, reviewing the position at each management board meeting, in order to mitigate the impact they may have on the charity. Various other legal and adminislralive details, including the members of the management board are shown on Ihe first page of the financial statemenls package. The Truslees who served during Ihe yearwere: John Calvert Janice Sharp Simone Singleton
FURNESS HOMELESS SUPPORT GROUP TRUSTEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to Gonlribute £1 in the evenl of a wbnding up. The Gompany's current policy concerning the payment of trade creditors is to.. settle the terms of payment with suppliers when agreeing the lerms of each transaction.. ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts., and pay in accordance with the company's contractual and other legal oNigations. The Trustee report was approved by the Board of Trustees. b-L. Ce.I,-- John Calvert Dale..
FURNESS HOMELESS SUPPORT GROUP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FURNESS HOMELESS SUPPORT GROUP I report to the Trustees on my examination of the financial statements of Furness Homeless Support Group (the charity) for the year ended 31 March 2024. Responsibilltles and basis of report As the Trustees of the charily you are responsible for the preparation of the fi'nancial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the charity's financial statements Caled out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515)(bl of the Charilies Act 2011. Independent examlner's statement Since the charity's gross income exceeded £250,000. the independent examiner must be a member of a body lisled in section 145 of the Charities Act 2011. 1 Confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe thal in any material respect.. accounting records were not kept in respect of the charily as required by section 130 of the Charities Act 2011. the financial statements do not accord with those records; or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an ind8pendent examination. 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 financial statements to be reached. Sarah Roberts Bsc FCA JLWlnder& Co Chartered Accountants Suite 6 Furness Gate Peter Green Way Barrow in Furness Cumbria LA14 2PE Dated: 10 December 2024
FURNESS HOMELESS SUPPORT GROUP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restrlcted funds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Charitable activities Investments 23.313 214,475 9,804 16,625 39,938 214,475 9,804 42,112 214.736 7,795 5,000 47,112 214,736 7,795 Total income 247.592 16,625 2eA,217 264,643 5.000 269,643 Expendlture on: Raising funds Charitable activitie5 5,031 238,129 5,031 254.372 402 210,156 402 215,676 16.243 5,520 Total expendlture 243.160 16.243 259,403 210,558 5.520 216,078 Net gainsl(losses) on investments 11 9,450 9.450 Net Income and movement In fund5 13,882 382 14,264 54,085 (520) 53,565 Reconciliation of funds.. Fund balances al 1 April 2023 639,773 3.744 643.517 585.688 4,264 589,952 Fund balances at 31 March 2024 653.655 4,126 657,781 639,773 3,744 643,517 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
FURNESS HOMELESS SUPPORT GROUP BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets Investment property 13 14 278,735 105,645 284,715 96,195 384,380 380,910 Current assets Debtors Cash at bank and in hand 15 12,771 268,955 16,481 249,398 281.726 265,879 Credltors: amounts falllng due wlthln one year 16 (8,3251 (3,272) Net current assets 273.401 262,607 Total assets less current Ilabilitles 657,781 643,517 The funds of the charity Restricted income funds Unrestricted funds 18 19 4,126 653,655 3,744 639.773 657,7B1 643,517 The financial statements were approved by the Trustees on Janice Sharp
FURNESS HOMELESS SUPPORT GROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles 1.1 Accounting conventlon The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland" {"FRS 102-) and the Charities SORP "Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charily has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financlal slatements are prepared in sterling. which is the functional currency of the charily. Monetary amounls in these financial statements are rounded to the neafesl £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectallon that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees Continue lo adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives, Restricted funds are subject to specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the reslricled funds are set out in the notes lo the financial statements. Endowment funds are subject to specific conditions by donors thal the capital must be maintained by the charity 1.4 Incomlng resources Income is recognised when the charity is legally Ènlitled to il after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Legacies are recognised on receipt or othernise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected If the amount is not known, the legacy is treated as 8 contingent assel.
FURNESS HOMELESS SUPPORT GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontlnuedl 1.5 Resources expended Expenditure is recognised once there is a legal or construclive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in setllemenl, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs which contribute to more than one aclivily and support costs which are not alliibutable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion ofthe asset's use. 1.6 Tangible fixed assets Tangible fixed assets are inilially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets les5 their residual values over their useful lives on th8 following bases: Land and buildings Computers and equipment Flxtures and fillings 20/0 Straight line 20133.kn straight line 15 % slraight line The gain or loss arising on the disposal of an asset is determined as Ihe difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial aclivilies. 1.7 Investment properties Investment property, which is propety held lo earn rentals andlor for capital appreciation, is initially recognised al cost, which includes the purchase cost and any directly allributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revalualion is recognised in profit or loss. 1.8 Impairment of fixed assets Al each reporting end date, the Charity reviews the carrying amounts of its tsngible assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such indiation exists, the recoverable amount of the assel is estimated in order to determine the extent of the impairment loss (if any). 1.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilitie5. 1.10 Financlal instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 lo all of its financial instruments. Financial inslrumenls are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instiument. Financial assets and liabilities are offset. wilh the nel amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a nel basis or to realise the asset and settle the liability simullaneously. 10-
FURNESS HOMELESS SUPPORT GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued} Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangemer)t constitutes 8 financing transaction, where the transaction is measured at the present value of tho future receipls discounted al a market rale of interest. Financial assets classified as receivable within one year are not amortssed. +Yasic financial liabilities Basic financial liabilities. including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted al a market rate of interest Financial liabilities classified as payable within one year are not amortised. Debt inslruments are subsequently carried at amortised cost, using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are Classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at tran58clion price and subsequently measured al amortised cost using the effective interest method. Derecognition of financlal liabilities Financial liabilities are derecognised when the charity's contraclual obligations expire or are discharged or cancelled. 1.11 Employee benefSts The c05t of any unused holiday enlitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide lermination benefits. 1.12 Retlrement beneflts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Crltlcal accounting estlmates and judgements In the application of the charity's accounting policies, the Trustees are required lo make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimates and associated assumptions are based on hislorical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only thal period, or in the period of the revision and future periods where the revision affects both current and future periods. 11
FURNESS HOMELESS SUPPORT GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Don8tions and gifts Grants 23,313 23,313 16.625 42,112 42,112 5,000 16.625 5,000 23,313 16,625 39,938 42,112 5,000 47,112 Grants Groundwork Granlscape Barrow Pollce 1,125 15.000 500 1,125 15,000 500 5,000 5,000 16.625 16,625 5,000 5,000 Income from charitable actlvitles Unrestricted funds 2024 Unrestricted funds 2023 Shop takings Fundraising event- 40 winks 40,211 11,221 36,750 Barrow Council funding Housing benefit Resident contiibulions 32,500 123,560 6,983 32,500 139,381 6,105 214,475 214,736 Income from InvestTnents Unrestricted Unrestricted funds funds 2024 2023 Rental income Interest receivable 7,200 2,604 7,440 355 9,804 7,795 12-
FURNESS HOMELESS SUPPORT GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expendlture on raising funds Unre5trlcted Unrestricted funds funds 2024 2023 Investment managemenl 5,031 402 Expendlture on charitable actlvities 2024 2023 Dtrect costs Staff costs Depreciation and impairment Day centre costs Rates Cleaning Insurance Heat and Light Repairs and renewals Telephone Shop salaries Shop insurance Shop heal and light Shop rates Shop telephone Other charitable expenditure 167,333 9,818 2,907 4,875 1,377 9,509 13,062 12,684 917 21,718 778 1,404 772 240 6,978 136,027 10,415 1,678 5,114 1,540 8,530 14,666 9,943 672 18,084 698 2,554 236 240 5,279 254,372 215,676 Analysls by fund Unrestricted funds Restricted funds 238,129 16,243 210.156 5,520 254,372 215.676 Net movement in funds 2024 2023 The net movement in fvnds is stated after chargingl{crediting): Depreciation of owned tangible fixed assets 9,818 10,415 13-
FURNESS HOMELESS SUPPORT GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during Ihe year. 10 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Employees 10 Employment costs 2024 2023 Wages and salaries Social security costs other pension costs 175,974 9,755 3,322 151,357 2,754 189,051 154,111 There were no employees whose annual remuneration was more than £60,000. 11 Galns and losses on investments Unrestricted Unrestrlcted funds funds 2024 2023 Gainsl{losses) arising on.. Revaluation of investment properties 9,450 12 Taxatlon The charity is exempt from taxation on ils activities because all its income is applied for charitable purposes. 14-
FURNESS HOMELESS SUPPORT GROUP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Tangible flxed assets Land and Computers Fixtures and buildingsand equipment fittings Total Cost Al 1 April 2023 Additions 335.501 34,180 2,724 37,277 1.114 406,958 3,838 At 31 March 2024 335,501 36,904 38.391 410,796 Depreciation and impalrment At 1 April 2023 Depreciation charged in the year 59,0 6.710 28,888 2,094 34,259 1.014 122,243 9,818 At 31 March 2024 65.806 30,982 35,273 132,061 Carrylng amount At 31 March 2024 269,695 5,922 3,118 278,735 At 31 March 2023 276,405 5.292 3,018 284,715 14 Investment property 2024 Falr value At 1 April 2023 Net gains or losses through fair value adjustments 96,195 9,450 Al 31 March 2024 105,645 The fair value of the investment property has been arrived at on the basis of a valuation provided by Ross Estate Agency. who are not connected with the Charity. The valuation was made on an open market value basis by reference to market evidence of transacb'on prices for similar properties. 15 Debtors 2024 2023 Amounts falling due within one year: Other debtors Prepayments and accrued income 4.399 8,372 13,176 3,305 12,771 16,481 15-
FURNESS HOMELESS SUPPORT GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Creditors: amounts falllng due within one year 2024 2023 Other creditors Accruals and deferred income 6,702 1,623 526 2,746 8,325 3.272 17 RetSrement benefit schemes 2024 2023 Defined contribution schemes Charge to profil or loss in respect of defined contribution schemes 3,322 2,754 The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently adminislered fund. 18 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 Aprll 2023 Incomlng resourc&s Resources At 31 March expended 2024 Fixed Assets Granlscape Groundwork Barrow Police 2,494 1,250 {1,112) (15,000) 1,382 1,25Q 1,125 369 15,000 1.125 500 {131) 3,744 16,625 (16,243) 4,126 Prevlous year: At 1 Aprll 2022 Incoming resources Resources At 31 March expended 2023 FixedAssels Grantscape 4,264 (1,770} (3.750) 2,494 1,250 5,000 4,264 5,000 (5,520) 3,744 16-
FURNESS HOMELESS SUPPORT GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside oul of unrestricted funds by the trustees for specific purposes. At 1 April 2023 Incoming resources Resources expended Galt)s and At 31 March losses 2024 General funds 639,773 247,592 (243,160) 9,450 653,655 Previous year: At 1 Aprll 2022 Incomlng resources Resources expended Gains and At 31 March losses 2023 General funds 585,688 264.643 (210,558) 639,773 20 Analysls of net assets between funds Unrestricted funds 2024 Restrlcted funds 2024 Total 2024 At 31 March 2024: Tangible assets Investment properties Cuirenl assetsl(liabilities) 277,353 105,645 270,657 1,382 278,735 105,645 273,401 2,744 653,655 4,126 657,781 Unrestrlcted funds 2023 Restrfcted funds 2023 Total 2023 At 31 March 2023: Tangible assets Investment properties Current assetsl(liabilities) 282,221 96,195 261,357 2.494 284,715 96,195 262,607 1,250 639.773 3,744 643,517 21 Related party transactions There were no dis¢losable related party transactions during the year (2023- none). 17-