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← Jimmy's Cambridge

2025-03-31-accounts

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Registered number: 03259904 Charity number: 1058737

JIMMY'S CAMBRIDGE

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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JIMMY'S CAMBRIDGE CONTENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Reference and administrative details of the charity, its
trustees and advisers 1
Trustees' report 2-7
Independent auditor's report 8-10
Statement of financial activities 11
Balance sheet 12
Cash flow statement 13
Notes to the financial statements 14-23

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JIMMY'S CAMBRIDGE REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees

Hannah Baldwin Wendy Godfrey (resigned 13 May 2024) Benjamin Holt Chris Sherwin James Smith (resigned 20 January 2025) Elwin Chan Aidan Lonergan Alok Rustagi Victoria Wiles Lawrence White (appointed 19 September 2024) Andrew Smart (appointed 19 September 2024) Sophie Paterson (appointed 19 September 2024) Ronald Ian Cardwell (appointed 24 February 2025) Neil Gazeley (appointed 19 May 2025) Debbie Davies (appointed 19 May 2025)

Company registered number

03259904

Charity registered number

1058737

Registered office

1 East Road Cambridge CB1 1BD

Chief Executive

Natasha Davis (appointed May 2024)

Independent auditors

Chater Allan LLP, Unit 7 Quy Court, Stow-cum-Quy, Cambridge CB25 9AU

Bankers

Barclays Bank Plc, 28 Chesterton Road, Cambridge CB4 3AZ

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JIMMY'S CAMBRIDGE TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

_______________

The trustees, who are also directors of the charity for the purposes of the Companies Act, present their annual report and the audited accounts for the year ended 31 March 2025. The financial statements comply with the Charities Act 2011, 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 1 January 2019).

Objectives and Activities

The charity's objective is to relieve poverty amongst persons in Cambridgeshire who are homeless or vulnerably housed.

About Jimmy’s

Jimmy’s opened in 1995 as Cambridge’s first all year round night shelter and now offers a much wider range of support. It remains one of the most prominent organisations within the community supporting people who have been rough sleeping in the city.

The organisation was inspired by Jim Dilley, who spent much of his life sleeping rough. In the last few years of his life, ‘home’ for Jim was under the bridge at Junction 13 of the M11. That bridge is still represented in Jimmy’s logo.

Whilst Jimmy’s has undergone several significant transformations since it opened, its ethos has remained the same – placing people at the heart of the support we provide.

Valuing and respecting everyone who needs our services, Jimmy’s staff work with each person to provide options, tools and skills to support them on their journey. Together they develop a tailored pathway to independence.

Through our many years of experience of working with vulnerable individuals we recognise the need for everyone to be treated in a confidential manner and with respect, compassion, and empathy.

2025 is our thirtieth year, and while a major milestone, and one to be proud of, the need for our services remains as great as ever.

Our Vision

Our vision at Jimmy’s is that we believe no-one should have to sleep rough in Cambridge.

Our Mission

We have safe places that people can call home - from immediate access 24/7 emergency accommodation to interim homes as stepping-stones to independent living.

We offer targeted wraparound support – to promote mental wellbeing and help them fulfil their goals.

We use evidence – to improve services and impact and to be a voice for change.

Our Values

Our values, put together by staff, volunteers, Trustees and residents: -

Personalised Support

On arrival at Jimmy's each person is welcomed by friendly and professional Support Workers and Volunteers who are on hand every step of the way. Jimmy’s work with each person individually, working together to provide a range of tailored support.

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JIMMY'S CAMBRIDGE TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

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Mental Health

Jimmy’s knows many people we support are dealing with mental ill health. We aim to provide direct support ourselves, or help people navigate the complexities of accessing support via our partners and the NHS. We work hard to advocate on behalf of our residents. We provide direct support through trained, qualified professionals (counselling, TRiM, social work).

A 2022 study* by Homeless Link found that 82% of people experiencing homelessness have a mental health diagnosis.

Recovery

We enable residents to access specialist services and can spend time helping them reduce their use of alcohol or substances and keep them safe from harm.

Accommodation

Jimmy’s provides a wide range of accommodation to meet very different needs: -

Project Bridge

In addition to providing support and accommodation we also provide ongoing support and engagement to our exresidents who have moved on to their own tenancies, or indeed to other services. We offer the opportunity to come back to either our East Road Hostel or Newmarket Road Hostel to join in with activities, meet with an individual’s known Support Worker, simply pop in for a coffee and a chat or come and have Sunday lunch or even Christmas lunch with us. We offer this service for as long as an individual needs, and in the format that best works for them. This could be as simple as a five minute, once a week check in phone call, just to keep up the support, and the security and safety of knowing someone cares and is interested.

Trauma Risk Management (TRiM)

This year Jimmy’s brought together providers with the support of Cambridge City Council to train staff in the TRiM methodology to ensure we are at the forefront of pioneering support for our staff. TRiM has its origins in the UK military and is widely used within emergency services and notably at the Royal National Lifeboat Institute (RNLI) to provide a responsive service to staff at risk of trauma and long term devastating diagnosis such as PTSD as a result of the work they undertake. We know within our services it is possible for staff to witness and have to deal with the aftermath of suicide, drug overdose, in addition to potentially having to administer CPR alongside many other traumatic experiences. By training staff to be TRiM Practitioners we have a rapid response support network that can provide wrapround services to alleviate trauma becoming something more serious and long term for the individual. We have expanded our TRiM offer to residents, and hold the management function for TRiM within the sector within Cambridge. We are the first organisation in the UK to pioneer TRiM in the Housing Sector, and within.

48 hours of launching our service, our TRiM practitioner/manager voluntarily supported staff and volunteers at another local service after an onsite homicide.

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JIMMY'S CAMBRIDGE TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

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Preventing Avoidable Hospital Admissions

From April 2025 we have secured funding to operate a pioneering project to support preventing avoidable hospital admissions. We are running this project over the course of eighteen months with a small cohort of suitable residents who have experiencing of missing scheduled appointments or poor interactions with and experiences of NHS services. By providing dedicated in person support, we hope to improve interactions and build trust to ensure maintaining health and wellness is done in partnership with statutory services, thereby reducing avoidable emergency admissions.

Strategy

This year saw our previous five year strategy draw to a close as we launched our new Five Year Strategy for 20252030.

Jimmy’s has a 30-year history of continuous service delivery, providing accommodation and flexible, holistic and evidence-based support to individuals. We have been at the forefront of innovative developments in the sector, for example our modular homes were amongst the first modular home schemes in the country to house rough sleepers with multiple support needs.

As we approach our significant birthday, however, our operating environment presents several challenges.

Homeless Link’s Annual Review of Single Homelessness 2023 outlines that:

… there are 907 accommodation projects across England, and that since 2008 the sector has shrunk by 48%, with a 45% decrease in bedspaces available. At the other end of the pathway, there are 168 day centres, a 10% decrease since 2008.

Since 2008, there has been a 1700% increase in Housing Benefit as the main funding source for homelessness accommodation providers, with 82% of providers receiving Housing Benefit as part of their overall income. At the same time there has been a 71% decrease in local authority commissioned contracts.

Jimmy’s has also faced cost inflation in several areas, notably utilities, staffing and rent. We have adapted this year and over the next five years to become a leaner organisation to meet the challenge of continuing to provide professionally led services, holistic wrap around support and high standards of accommodation. We will not compromise on support or accommodation.

The next five years will be pivotal for fundraising at Jimmy’s. While we have heavily relied on community engagement to generate funds historically, we seek to diversify into alternative sources of fundraising generating higher returns on investment.

Regulation is expected to increase for the homelessness sector in the coming years, and as an organisation we welcome professionalisation and the raising of standards. We are therefore at the forefront of preparing for regulation and have offered to be an early adopter, having already laid the foundations in 2024/25. Our accommodation already is above the baseline ‘Decent Homes Standard[1] ’ and we are unique in the city in that our services are professionally led by a qualified and experienced social worker. Over the next five years we are investing heavily in Chartered Institute of Housing qualifications, alongside training and development for all.

Against this backdrop, we believe that need is most clearly concentrated within high intensity services such as East Road and 451. The next five years will be pivotal in achieving our ambition to create more provision supporting dual diagnosis and high needs individuals, and securing an increase in fit for purpose, housing first accommodation for this population.

Five Key Strategic Elements:

  1. Modelling Gold Standard Services

  2. Investing in our Staff and Raising Professional Standards

  3. Getting Ahead of the Curve: Supported Housing Act (Regulatory Oversight)

1 https://www.gov.uk/government/publications/a-decent-home-definition-and-guidance

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JIMMY'S CAMBRIDGE TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

  1. Diversifying our Fundraising

  2. Expansion of High Intensity Services

Board of Trustees

The Board of Trustees meets an average of four times a year, plus an annual away day to review the previous year and plan the year ahead. Trustees are responsible for approving strategic annual business plans, including the annual budget, and monitor progress at each meeting by reviewing progress reports provided by the Chief Executive. Trustees approve all operating policies of the charity, and are responsible for the overall risk policy, including assessing risk mitigation plans. Trustees also carry out their responsibilities in smaller Committees or Working Groups. Terms of reference govern each group and membership is made of a smaller number of Trustees, plus non-Trustees, including the Chief Executive. Jimmy’s currently has the following committees/working groups – Finance and Communications.

Risk and Control

Trustees regularly review and approve Jimmy’s risk register. The register includes each strategic risk, and the steps that the Chief Executive and her team will take to mitigate and manage each risk. In addition to the review, the Chief Executive highlights any new risks, or changes, in her report at Board meetings.

The main strategic risks identified are:

Additionally we hold operational level risk registers at head of department level to ensure a risk management culture is embedded throughout Jimmy’s.

Financial review

The charity had a deficit of £3,241 (2024 - deficit of £194,877) and free reserves of £740,411 (2024 - £656,770) and the Trustees consider this position satisfactory, and that the charity will continue as a going concern in excess of twelve months from the approval of these accounts. Restricted, unrestricted and designated funds are set out in Note 16 to these accounts.

Total funds were £2,221,754 (2024: £2,224,995) of which unrestricted funds amounted to £1,655,601 (2024: £1,597,920) and restricted funds amounted to £566,153 (2024: £627,075).

Reserves Policy

Trustees regularly review Jimmy’s reserves policy, the amount of unrestricted, undesignated funds that should be held to ensure the charity is able to meet its responsibilities in adverse situations. The Trustees’ reserves policy is to hold 3 months of budgeted operating expenditure, which is currently £652,619. As of 31 March 2025, Jimmy’s Cambridge held free reserves of £740,411 (including £8,555 of designated funds, designated for future developments).

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JIMMY'S CAMBRIDGE TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

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Investment Policy

The Trustees have a policy whereby excess cash is invested in high-rate bank accounts.

Remuneration of Key Management Personnel and Transparency

The Board of Trustees determines the pay of Jimmy’s employees. Jimmy's pays all its employees above the living wage.

In accordance with the SORP we:

Fundraising approach

Historically the charity's approach to fundraising has been largely through community engagement. Staff attend talks, events and functions, highlighting the service Jimmy's provides and should people wish to donate staff indicate the ways in which they can. The charity has a donation page on its own website and from time to time the charity approaches Trusts, Foundations and other community funds if there is a project that needs funding. The charity works with those who wish to fundraise by sharing our charitable objectives and core values. The charity does not cold call. The Board oversees a responsible approach to ethical donations and follows good practice guidelines in our approach to fundraising overall, in addition to being registered with The Fundraising Regulator.

This year we have set the groundwork for diversifying our fundraising practice. Our community engagement will be community and volunteer led in the future, while our finite resources will be focussed on major grants, donors and corporate giving.

Statement of Trustees' and Directors' Responsibilities

Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that year.

In preparing those accounts, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure that the accounts comply with the Companies Act 2006.

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.

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JIMMY'S CAMBRIDGE TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

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Auditors

So far as the trustees are aware, there is no relevant audit information of which the charity's auditors are unaware, and the trustees have taken all steps they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. It was approved by the trustees on 24 November 2025 and signed on their behalf.

Hannah Baldwin Trustee

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF JIMMY'S CAMBRIDGE FOR THE YEAR ENDED 31 MARCH 2025

Opinion

We have audited the financial statements of Jimmy's Cambridge (the charitable company) for the year ended 31 March 2025 which comprise Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees' annual report , other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF JIMMY'S CAMBRIDGE FOR THE YEAR ENDED 31 MARCH 2025

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are to required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 and Companies Act 2006 requires us to report to you if, in our opinion:

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

We identified areas of laws and regulations that could reasonably be expected to have material effect on the annual financial statements from our general commercial and company specific experience, through discussion with the Trustees (as required by auditing standards), and from inspection of the company's regulatory correspondence, and we discussed with the Trustees the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indication to non-compliance throughout the audit; the audit team are deemed both competent and capable of identifying non-compliance with rules and regulations.

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF JIMMY'S CAMBRIDGE FOR THE YEAR ENDED 31 MARCH 2025

The potential effect of these laws and regulations on the annual financial statements varies considerably. Firstly, the company is subject to laws and regulations that directly affect the annual financial statements including financial reporting legislation and taxation legislation, and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related annual account items. Secondly, the company is subject to other laws and regulations where the consequences of non-compliance could have a material effect on the amounts or disclosures in the financial statements, for instance non-compliance with industry regulations. We assessed the risk of fraud in the financial statements through discussion with management and from our experience of the company. We communicated identified fraud risk areas throughout our team and remained alert to any indication of fraud throughout the audit. We did not identify any instances of fraud during the course of our audit.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and inspection of regulatory and legal correspondence, if any. Through these procedures, we did not become aware of any actual or suspected non-compliance with laws and regulations. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-andguidance/Standards-and-guidance-for-auditors/Auditors-responsibilities-for-audit/Description-of-auditorsresponsibilities-for-audit.aspx. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Naomi Hedger (Senior Statutory Auditor) For and on behalf of Chater Allan LLP Chartered Accountants & Statutory Auditors Unit 7 Quy Court Stow-cum-Quy Cambridge CB25 9AU

22 December 2025 Date: ….................................

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JIMMY'S CAMBRIDGE STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2025

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Unrestricted Funds Restricted
General Designated Total Total
funds funds funds funds funds
2025 2025 2025 2025 2024
Note £ £ £ £ £
Income from:
Donations and legacies 3 571,647 - 93,750 665,397 677,141
Charitable activities 4 1,875,558 - - 1,875,558 1,606,024
Investments 5 2,630 - - 2,630 1,978
Total income 2,449,835 - 93,750 2,543,585 2,285,143
Expenditure on:
Raising funds 6 18,377 - - 18,377 21,507
Charitable activities 7 2,301,918 71,859 154,672 2,528,449 2,458,513
Total expenditure 2,320,295 71,859 154,672 2,546,826 2,480,020
Net income/(expenditure) 129,540 (71,859) (60,922) (3,241) (194,877)
Transfers between funds 16 (26,864) 26,864 - - -
Net movement in funds 102,676 (44,995) (60,922) (3,241) (194,877)
Reconciliation of movement in funds:
Total funds brought forward 629,180 968,740 627,075 2,224,995 2,419,872
Total funds carried forward 16 731,856 923,745 566,153 2,221,754 2,224,995
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All activities relate to continuing operations.

The notes on pages 14 to 23 form part of these financial statements.

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JIMMY'S CAMBRIDGE BALANCE SHEET AS AT 31 MARCH 2025

JIMMY'S CAMBRIDGE
BALANCE SHEET
AS AT 31 MARCH 2025
AS AT 31 MARCH 2025 Registered number: 03259904
Note
Fixed assets
Tangible assets
12		 Total
Total
2025
2024
£
£
1,754,687
1,866,981
1,754,687
1,866,981
Current assets
Debtors
13
Cash at bank and in hand		 177,290
193,493
713,636
620,298
Liabilities
Creditors: amounts falling due
14
within one year		 890,926
813,791
209,369
217,423
Net current assets 681,557
596,368
Total assets less current liabilities 2,436,244
2,463,349
Creditors:amounts falling due after more than one year
15		 214,490
238,354
Net assets 2,221,754
2,224,995
Charity funds
Restricted funds
16
Unrestricted funds
16		 566,153
627,075
1,655,601
1,597,920
Total funds 2,221,754
2,224,995

The financial statements were approved by the Trustees on and signed on their behalf by: 24 November 2025

…………………………………………………… Hannah Baldwin Trustee

The notes on pages 14 to 23 form part of these financial statements.

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JIMMY'S CAMBRIDGE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

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Total Total
2025 2024
£ £
Cash flows from operating activities:
Net cash provided by operating activities 148,481 (242,957)
Cash flows from investing activities:
Interest income 2,629 1,977
Purchase of property, plant and equipment (18,348) (67,304)
Net cash provided by investing activities (15,719) (65,327)
Cash flows from financing activities:
Repayment of borrowing (39,424) (38,410)
Net cash from financing activities (39,424) (38,410)
Change in cash and cash equivalents in the reporting
period 93,338 (346,694)
Cash and cash equivalents at the beginning of the
reporting period 620,298 966,992
Cash and cash equivalents at the end of the reporting
period 713,636 620,298
Summary of the cash and cash equivalents at the end
of the reporting period
Cash at bank and in hand 713,636 620,298
713,636 620,298
Reconciliation of net income to net cash flow from operating activities
Net income for the reporting period (3,241) (194,877)
Adjustments for:
Depreciation 130,642 137,675
Bank interest received (2,630) (1,978)
Loan interest payable 12,560 12,560
(Increase)/decrease in debtors 16,203 (21,673)
Incease/(decrease) in creditors (5,053) (174,664)
Net cash provided by operating activities 148,481 (242,957)
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JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The charity is a company limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The members of the charity are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

The presentation currency of the financial statements is Pound Sterling (£).

2. ACCOUNTING POLICIES

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102),the Companies Act 2006, and UK Generally Accepted Accounting Practice.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

No significant estimates or judgements were made by management in preparing these financial statements.

Jimmy's Cambridge meets the definition of a public benefit entity under FRS 102.

2.2 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds are unrestricted funds, which have been designated for special purposes by the Trustees. Unrestricted funds are donations and other incoming resources received or generated for expenditure on the general objects of the charity.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income is allocated to the appropriate fund.

2.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Donations are recognised when the charity has entitlement to the donation.

Grant income is recognised in line with the agreement or as expenditure is incurred.

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JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES (CONTINUED)

2.3 Income (continued)

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market, a corresponding amount is then recognised in expenditure in the period of receipt. In line with the Statement of Recommended Practice applicable to charities, the contribution of unpaid general volunteers in carrying out charitable activities has not been included as income in the financial statements.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

All expenditure is accounting for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Going concern

The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements continue to be prepared on the going concern basis. In the opinion of the trustees there is no material adverse effect on the charity's ability to continue to trade. The trustees believe the charity is well placed to manage its business risks successfully. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

2.7 Fixed assets

The charity has a policy to write off any capital items which cost less than £1,000. The nature of the charity’s activities means that such items have an average useful economic life of less than one year.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.

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JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES (CONTINUED)

2.7 Fixed assets (continued)

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor vehicles and equipment 50% straight line Freehold property (excluding land) 2% straight line Modular homes 8% straight line Leasehold improvements Over the life of the lease Freehold improvements 10% straight line

2.8 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised as a finance cost.

2.12 Operating leases

Rentals under operating leases are charged to the Statement of Financial Activities incorporating income and expenditure account on a straight line basis over the lease term.

2.13 Pensions

The charity contributes to money purchase, defined contribution schemes, on behalf of its employees. No liability exists in respect of pensions other than monthly contributions due which is included within creditors.

16

Docusign Envelope ID: 6EE576D5-712D-4459-A801-FE2907662E56

JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES (CONTINUED)

2.14 Taxation

The company is a registered charity and as such is not liable for corporation tax on income generated by charitable activities.

2.15 Companies Act 2006

These financial statements have been prepared in accordance with the Companies Act 2006 with amendments to enhance the "True and Fair" view. The inclusion of an Income and Expenditure account is not deemed necessary as the information is disclosed in the Statement of Financial Activities.

General
Designated Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2025
£
£
£
£
3. INCOME FROM DONATIONS AND LEGACIES
Donations (monetary)
569,647
-
1,943
571,590
Grants
2,000
-
91,807
93,807
571,647
-
93,750
665,397
4. INCOME FROM CHARITABLE ACTIVITIES
Housing benefit
1,253,268
-
-
1,253,268
Resident contributions
33,153
-
-
33,153
Streets to Home
586,344
-
-
586,344
Severe Weather Emergency Provision
793
-
-
793
Sponsorship
2,000
-
-
2,000
1,875,558
-
-
1,875,558
5. INVESTMENT INCOME
Bank and other interest
2,630
-
-
2,630
2,630
-
-
2,630
6. EXPENDITURE ON RAISING FUNDS
Fundraising support
18,377
-
-
18,377		 Total
funds
2024
£
645,034
32,107
677,141
1,033,244
33,833
536,867
2,080
-
1,606,024
1,978
1,978
21,507

17

Docusign Envelope ID: 6EE576D5-712D-4459-A801-FE2907662E56

JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Direct
Support
Total
costs
costs
funds
2025
2025
2025
£
£
£
7. ANALYSIS OF EXPENDITURE BY ACTIVITIES
Charitable activities
2,393,488
134,961
2,528,449
Restricted
Total
General
Designated
funds
funds
funds
funds
2025
2025
2025
2025
8. ANALYSIS OF DIRECT COSTS
£
£
£
£
Agency staff
48,825
-
-
48,825
Cleaning and waste disposal
42,754
-
-
42,754
Depreciation
11,564
55,078
64,000
130,642
Equipment rental
11,055
-
-
11,055
Food
37,937
6
303
38,246
Resident welfare
18,833
-
11,577
30,410
Light and heat
116,232
-
-
116,232
Mortgage interest
14,730
-
-
14,730
Motor expenses
2,439
-
-
2,439
Rates and water
74,625
-
-
74,625
Recruitment
1,861
-
-
1,861
Rent
290,347
-
-
290,347
Repairs and maintenance
30,138
3,434
-
33,572
Resettlement
724
-
-
724
Salaries
1,414,479
10,545
63,500
1,488,524
Staff travel
6,570
-
-
6,570
Sundries
7,215
-
-
7,215
Telephone
19,352
-
-
19,352
Training
28,420
96
6,849
35,365
2,178,100
69,159
146,229
2,393,488
Unrestricted		 Total
funds
2024
£
2,458,513
Total
funds
2024
£
31,599
46,043
137,675
10,994
52,305
69,122
100,516
15,077
216
62,357
3,642
233,745
61,755
4,922
1,415,677
9,007
7,204
25,619
30,121
2,317,596

9. ANALYSIS OF SUPPORT AND GOVERNANCE COSTS

Auditors remuneration
Finance support
Bank charges
DBS applications
Health and safety
Insurance
IT expenditure
Printing, postage and stationery
Professional fees
Publicity, printing and events		 General
Designated
Restricted
Total
Support
Support
Support
2025
£
£
£
£
7,500
-
-
7,500
5,510
-
-
5,510
784
-
-
784
1,738
-
-
1,738
7,796
-
-
7,796
34,516
-
-
34,516
39,338
-
-
39,338
1,867
-
-
1,867
24,375
2,700
7,500
34,575
394
-
943
1,337
123,818
2,700
8,443
134,961		 Total
2024
£
6,000
5,063
1,775
1,604
26,046
31,856
31,881
3,219
28,917
4,556
140,917

18

Docusign Envelope ID: 6EE576D5-712D-4459-A801-FE2907662E56

JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10. NET INCOME/ EXPENDITURE
2025
£
The excess of expenditure over income is stated after charging:
Auditors remuneration: audit
7,500
Depreciation of fixed assets
130,642
Operating lease rentals - equipment
11,055
11. STAFF COSTS
2025
£
Wages and salaries
1,306,980
National insurance
121,702
Pension costs
59,842
1,488,524
The average number of persons employeed by the company during the year was as follows:
2025
No.
Charitable activities
54
54
2025
No.
£60,000 - £70,000
-
£70,000 - £80,000
1
The number of employees with employee benefits (excluding employer pension costs), in the following categories:		 2024
£
6,000
137,675
10,994
2024
£
1,246,508
114,132
55,037
1,415,677
2024
No.
47
47
2024
No.
1
-

The key management personnel of the charity comprise the Board of Trustees (who were not remunerated), and the Senior Management Team. The total employee benefits of the key management personnel of the Charity were £234,643 (2024: £180,162).

No Trustees were employed during the year and no remuneration was paid to them for their services.

During the year no Trustees received reimbursement of expenses (2024: One Trustee received expenses £5).

The volunteer hours donated to the charity during the year has been estimated at approximately 4,316 hours.

12. TANGIBLE FIXED ASSETS

Cost
As at 1 April 2024
Additions
Disposals
As at 31 March 2025
Depreciation
As at 1 April 2024
Charge for the year
Eliminated on disposal
As at 31 March 2025
Net book value
As at 31 March 2025
As at 31 March 2024		 Freehold
Modular
Property
Motor
F & F
buildings
Homes
Improvements
vehicles
Equipment
£
£
£
£
£
1,006,900
800,000
356,722
57,863
47,735
-
-
12,275
-
6,073
-
-
-
-
-
1,006,900
800,000
368,997
57,863
53,808
69,060
188,000
52,580
52,175
40,424
11,510
64,000
41,390
5,688
8,054
-
-
-
-
-
80,570
252,000
93,970
57,863
48,478
926,330
548,000
275,027
-
5,330
937,840
612,000
304,142
5,688
7,311		 Total
£
2,269,220
18,348
-
2,287,568
402,239
130,642
-
532,881
1,754,687
1,866,981

There are two registered charges relating to the secured mortgages on a property on Cratherne Way, Cambridge and a property on Peverel Close, Cambridge.

19

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JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

==> picture [477 x 419] intentionally omitted <==

----- Start of picture text -----
2025 2024
13. DEBTORS £ £
Trade debtors 8,045 169
Prepayments and accrued income 156,058 183,723
Other debtors 13,187 9,601
177,290 193,493
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors 89,961 103,028
Mortgage 26,000 29,000
Other taxation and social security 28,934 26,233
Other creditors 7,885 6,925
Accruals and deferred income 56,589 52,237
209,369 217,423
Deferred income:
As at 1 April 2024 24,367 13,228
Deferred income recognised in the year (24,367) (13,228)
Resources deferred during the year 18,920 24,367
As at 31 March 2025 18,920 24,367
Income is deferred where grant income remains unspent at the balance sheet date.
15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR £ £
Mortgage - falling due in less than 5 years, repayable by instalments 104,000 110,000
Mortgage - falling due in more than 5 years, repayable by instalments 110,490 128,354
214,490 238,354
----- End of picture text -----

The secured bank loans are secured on a property on Peverel Close, Cambridge which has a carrying value of £234,541 and a property on Cratherne Way, Cambridge which has a carrying value of £229,612. The Peverel Close loan has an initial interest rate fixed for 10 years at 4.5% and is repayable in instalments over 15 years. The Cratherne Way loan had an initial interest rate fixed of 3.88% for 5 years and is now on a variable rate repayable in instalments over 15 years.

20

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JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

==> picture [457 x 370] intentionally omitted <==

----- Start of picture text -----
16. STATEMENT OF FUNDS Brought Transfers Carried
forward Income Expenditure in/(out) forward
£ £ £ £ £
Unrestricted Funds:
General Funds: 629,180 2,449,835 (2,320,295) (26,864) 731,856
-
Designated Funds: - Freehold building 670,486 (11,510) 26,864 685,840
-
- Future developments 27,590 (19,035) 8,555
- Additions to leasehold 270,664 - (41,314) 229,350
property
-
968,740 (71,859) 26,864 923,745
Total unrestricted funds 1,597,920 2,449,835 (2,392,154) - 1,655,601
Restricted Funds:
Mental Health 10,000 - - - 10,000
Resident Grants 5,075 13,388 (10,880) - 7,583
Modular units 612,000 35,000 (99,000) - 548,000
- - -
Cambridge Building Society Trips & Food 1,000 (1,000)
- - -
Cambridge City Council : Supported 16,000 (16,000)
Accommodation
- - -
Cambridge City Council: Experience 7,500 (7,500)
Cambridge
Jimmy's Garden Party - 943 (943) - -
PEM: Pause Boxes - 405 (405) - -
- - -
Project Bridge 12,500 (12,500)
Cambridge City Council: Trauma-Informed - 7,014 (6,444) - 570
Risk Management Training
Total restricted funds 627,075 93,750 (154,672) - 566,153
Total Funds 2,224,995 2,543,585 (2,546,826) - 2,221,754
----- End of picture text -----

Restricted Funds:

Mental Health

A donation given by an individual to help fund the role of Mental Health Practitioner which Jimmy’s wishes to recruit. This will be held until sufficient match-funding is sourced and recruitment completed.

Resident Grants

Grants awarded by external organisations to pay for items needed by Jimmy’s residents. The grants are administered by Jimmy’s Support Workers, with resident involvement.

Modular units

Donations of the modular homes and contributions towards the furnishing costs.

Cambridge Building Society: Trips and Food

A donation from Cambridge Building Society to fund coach hire for a day trip for residents, as well as food items.

Cambridge City Council : Supported Accommodation

Funding from the City Council’s Winter Pressures fund to provide homelessness support to people in Jimmy’s supported accommodation.

Cambridge City Council: Experience Cambridge

Funding from the City Council for Jimmy’s to set up an employment project with Experience Cambridge, in which rough sleepers and former rough sleepers receive training and support to give guided tours of the city.

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JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16. STATEMENT OF FUNDS (CONTINUED)

Jimmy's Garden Party

A donation from an individual to cover the cost of a garden party held as a thank you for Jimmy’s staff and volunteers.

PEM: Pause Boxes

Funding from accountancy firm PEM to enable the purchase of a Pause Box from Mind for each of Jimmy’s staff.

Project Bridge

Funding from various sources (PEM: £1,500, Warwick & Dominey Fund: £4,000, Arm Cambridge Community Fund: £4,000 and Cambscuisine Community Fund: £3,000, the last three of which were arranged via the Cambridgeshire Community Foundation) to support former residents as they transition out of Jimmy’s services and accommodation and take up their own tenancies in the city.

Cambridge City Council: Trauma-Informed Risk Management Training

The City Council funded the training of a designated Manager and Practitioners to support colleagues across the Cambridge homeless sector in response to serious, traumatic incidents including resident deaths.

Designated Funds:

Freehold building

This is the provision of residential properties to assist residents making the transition from hostel accommodation into their own tenancy.

Future developments

To fund plans for future development in accordance with strategic objectives, as set out in the Trustees' Report.

Additions to leasehold property

To fund improvements and enhancements to leasehold buildings in accordance with our strategic objectives, in particular increasing and improving front-line accommodation at the two hostels.

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible fixed assets
Net current assets less creditors due after
one year		 Restricted
Total
General
Designated
funds
funds
funds
funds
2025
2025
2025
2025
£
£
£
£
280,357
926,330
548,000
1,754,687
451,499
(2,585)
18,153
467,067
731,856
923,745
566,153
2,221,754
Unrestricted		 Total
funds
2024
£
1,866,981
358,014
2,224,995

18. OPERATING LEASE COMMITMENTS

At 31 March 2025 the total of the charity's future minimum lease payments under non-cancellable operating leases was:

Expiry date
Less than one year
Between one and five years
More than five years		 Total
Total
2025
2024
£
£
285,043
128,289
691,598
376,610
12,889
24,920
989,530
529,819
Leasehold property

22

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JIMMY'S CAMBRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

19. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

Income from:
Donations and legacies
Charitable activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income
Transfers between funds
Net movement in funds
Total funds brought forward
Total funds carried forward		 Unrestricted Unrestricted Restricted
General
Designated
funds
funds
funds
2024
2024
2024
£
£
£
625,644
-
51,497
1,606,024
-
-
1,978
-
-
2,233,646
-
51,497
21,507
-
-
2,268,632
79,876
110,005
2,290,139
79,876
110,005
(56,493)
(79,876)
(58,508)
107,875
(107,875)
-
51,382
(187,751)
(58,508)
577,798
1,156,491
685,583
629,180
968,740
627,075		 Total
funds
2024
£
677,141
1,606,024
1,978
2,285,143
21,507
2,458,513
2,480,020
(194,877)
-
(194,877)
2,419,872
2,224,995

23