VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 1130 Registered number: 03590328 Charity number: 1070430 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) UNAUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ? Bishop Fleming
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 2130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Reference and Administrative Details of the Charity, its Trustees and Advisers Trustees. Report Independent Examiner's Report Statement of Financial Activities Balance Sheet 10 Statement of Cash Flows Notes to the Financial Statements 12-28
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 3130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees MrEJMDawes Mrs E Fluellen Mrs W A Hannon (resigned 13 February 2025) Mrs S J Hobbs Miss C Little (resigned 7 November 2024) Mrs P P Murphy Mr A Pascoe Mr M R Thomas (resigned 7 November 2024) Mr S D Young (resigned 7 August 2025) Dr A Battersby (appointed 7 May 2025) Mr A Breare (appointed 7 May 2025) Mr P Holliday (appointed 7 May 2025) Company registered number 03590328 Charity registered number 1070430 Registered office Mount Wise Devonport Plymouth Devon PL14QJ Chief executive officer MrA Maguire Accountants Bishop Fleming Audit Limited Chartered Accountants Salt Quay House 4 North East Quay Sutton Hart)our Plymouth PL4 OBN Page 1
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 4130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2024 to 31 March 2025. The Annual Report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) 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). Since the Charity qualifies as small under section 382 of the Companies Acl 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. STRUCTURE, GOVERNANCE AND MANAGEMENT Hamoaze House is a charitable company limited by guarantee, governed by its Memorandum and Articles of Association. Methods of appointment or election of Trustees Trustees are appointed in accordance with the governing document. Recruitment focuses on skills balance, diversity, and lived experience. Organisational structure and decision-making policy The Board of Trustees sets strategy and oversees governance, meeting quarterly. Day-to-day management is delegated to the Chief Executive, supported by a Management Team overseeing adult services, youth and families, and operations. Trustees receive regular reports on safeguarding, finan, and performance. Policies adopted for the induction and training of Trustees All new Trustees receive induction materials covering duties, governance, safeguarding, and finance. Ongoing training opportunities are provided via Charity Commission webinars, sector briefings, and internal workshops. Pay policy for key management personnel Senior management salaries are benchmarked against comparable local charities, agreed by Trustees, and reviewed annually. All staff are paid at or above the National Living Wage. Related party relationships Hamoaze House works closely with partners in the Plymouth Allian. Details of related party transactions that have occurred in the year can be found in Note 25. Trustses, indemnities The Charity has qualifying third-party indemnity insurance for Trustees. OBJECTS AND ACTIVITIES Policies and objectives The Charity's objectives, as sel out in its governing documents, are: To preserve and safeguard the health, wellbeing, and recovery of people whose lives are affected by problematic drug or alcohol use. To provide structured and therapeutic day support for adults and families with complex needs. To redu the impact of addiction on children, families. and communities. To deliver alternative education to young people disengaged from mainstream provision, enabling them to re-engage with learning and achieve. To provide practical interventions to reduce homelessness and rough sleeping, and to support people to move into stable housing and meaningful activity. Page 2
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 5130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trustees confirm that in planning activities and setting objectives they have given due regard to the Charity Commission's guidan on public benefft. strategies for achieving objectives Our strategy is to combine structured therapeutic day services, famity support, education, and housing support with communty-based enterprise activities that provide opportunities for growth, volunteering, and employment. Key elements of this strategy include.. Delivering trauma-informed. recovery-focused groupwork for adults with substance misuse histories. Providing tailored family support and early help inter¥entions, including a new"Parental Conversations. pilot to engage families who are traditionally hard to reach. Running Seymour House, our alternative education service for young people with specialist educational needs, approved by Plymouth City Council. Hosting and staffing the Safesleep emergency accommodation provision for people sleeping rough. Expanding our community-facing enterprises: Coffee Box café (barista training, employment skills) and charity shop (retail, volunteering, online sales). Leading system-level refomis in partnership with statutory and voluntary partners. Activities undertaken to achieve objectives In 2024125 we delivered: Structured adult day programme.- including relapse prevention, health promotion, life skills, sport and leisure, cookery, gardening, music, and peer-led recovery groups. Family and children's services= family support groups. holiday playschemes, Fit and Fed initiatives, and a new pilot project supporting parents to prepare children for school. Youth education seIces. Seymour House supported 25 young people with SEN and complex needs. Programmes included core maths and English. creative writing, drama, music, trampolining, and work- related skills. Homelessness provision: Safesleep delivered year-round accommodation, with support staff offering wraparound support to over 200 people experiencing rough sleeping. Community support and integration: partnerships with Job Centre Plus, DWP weekly clinics, and opportunities for volunteering and work experience through Hamoaze House facilities. Enterprise and training.. the Coffee Box provided 12 trainees with barista, customer servi, and hygiene training; the charity shop offered volunteering placements and increased its online sales reach through platforms such as eBay and Vinted. Social investment policies The Charity does not operate a separate social investment portfolio. All surpluses are reinvested into core activities to improve services and facilities for beneficiaries. Grant-making policies Hamoaze House is not a grant-making body. Restricted funds reiVed are applied strictly to the projects and activities for which they are awarded. Volunteers Volunteers remain central to ourwork. In 2024125 over 25 volunteers contributed more than 3,000 hours across the Coffee Box, charity shop, playschemes, and adult programmes. Many were service users or family members who progressed into volunteering roles as part of their recovery journey. Several have since moved into employment. Main activities undertaken to further the Charity's purposes for the public benefit By combining structured support for adults in recovery. targeted interventions for families and children, education provision for young people, and practical solutions for homelessness, Hamoaze House delivers significant public benefit. This reduces pressure on stalutory servIs, supports community cohesion, and Page 3
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 6130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 contributes to national priorities such as reducing reoffending. preventing family breakdown, and cutting drug- and alcohol-related harm. ACHIEVEMENTS AND PERFORMANCE Main achievements of the Charity Achieved a financial surplus of £116,311, increasing the prior year's surplus. Supported 136 adults in structured recovery programmes, with no waiting list for access. Provided over 8,500 bed nights through Safesleep, offering year-round emergency accommodation with wraparound support. Delivered youth playschemes, after-school clubs. and a summer activities programme in partnership with local organisations. Extended the Coffee Box café's training offer, enabling 12 participants to gain qualifications in customer service and hygiene. Increased independent income by 15 % through retail, online sales, and trading activities. Took a leadership role in system governance reform, and progressing to independent National Drug Treatment Monitoring System (NDTMS) reporting. Key performance indicators 95 % of clients in adult programmes had recovery plans reviewed quarterly. 90 % of families engaging in Parental Conversations maintained involvement after 12 weeks. 82 % of young people at Seymour House in 24-25 demonstrated improved attendance and engagement compared with baseline. 150/0 growth in enterprise income streams. Free reserves increased to £225,689, improving financial resilience. Review of activities 2024125 was a year of consolidation and growth. The Charity maintained stability in delivery while expanding family inteNentions, deepening youth education work, and embedding system leadership. Finance systems were strengthened, and data governance improved through NDTMS Independen planning. Staff morale improved through salary uplifts funded by national drug strategy allocations. Factors relevant to achieve objectives Key enablers include system partnerships, funding stability, and workforce resilience. Pressures include increased demand for homelessness servIs. health inequalities in Plymouth. and rising operational costs. Fundraising activities and income generation The charity shop and Coffee Box remain importanl SoUrS of unrestricted income. Online sales have opened new income streams. Grant fundraising continues to secure targeted resources, such as capital investment for facilities and playscheme funding. Donations are also received through JustGiving and local fundraising events. Investment policy and perfonnance The Charity does not hold an investment portfolio. Cash reserves are held in bank accounts to safeguard liquidity. Page 4
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 7130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Going concern The Trustees confirm the Charity is a going cOnrn. Reserves policy The Trustees aim for the Charity to hold unrestricted reserves of £175,000-£200,000 (approx. three months, expenditure). On 31 March 2025, free resenies (excluding designated funds) stood at £630,071, above the target range and demonstrating strengthened resilience. Further details of restricted and designated funds can be found in Note 17. Material investments policy No investments are held. Principal risks and uncertainties Funding volatility - miligated through diversification and enterprise growth. Safeguarding risks - managed through rigorous policies, training, and audits. Workforce recruitment and retention addressed through salary benchmarking, training, and wellbeing initiatives. System governance risks independence. miiigated through active leadership in reform and pursuit of data Financial risk management objectives and policies Trustees oversee a strengthened financial system with extemal consultancy support, outsourced finance transition, and independent audit review. Regular management accounts are scrutinised by Trustees to ensure accountability. Principal funding Core funding is provided through Plymouth City Council via the Alliance contract, with additional restricted grants and growing independent income from social enterprise. Page 5
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 8130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 PLANS FOR FUTURE PERIODS. Looking ahead to 2025126, our priorities are= Completing transition to more structured finan frameworks and achieving independent NDTMS reporting. Embedding shared pathways in collaboration wtth system partners. Expanding parental support programmes via Ihe Parental Conversations pilot. Strengthening Safesleep provision to meet growing demand. Further developing the Coffee Box and retail activities to increase unrestricted income. Enhancing youth service capacity at Seymour House. Continuing to lead on system govemance refomi, transparency. and co-production. The Trustees, Report was approved by order of the Board of Trustees, as the company directors, and signed on its behalf by.. an 14&bs Mrs S J Hobbs (Chair of Trustees) Date.. 08 December 2025 Page 6
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 9130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees (who are also the directors of the Charity for the purposes of company law} are responsible for pre- paring the Trustees, Report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounts'ng Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources. including its income and expenditure, for that period. In preparing these financial statements. the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and pnnciples of the Charities SORP (FRS 102)., make judgements and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements 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. Page 7
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 10130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAMOAZE HOUSE ('the Charity.) I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2025. RESPONSIBILITIES AND BASIS OF REPORT As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under secb'on 145(5)(b) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT Since the Charity's gross income exeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to 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 to believe: accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or the accounts do not accord with those records,. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fai¢ view which is not a matter considered as part of an independent examination- or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}1. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the Charitys Trustees, as a body, in accordan with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters l am required to state to them in an Independent Examine¢s Report and for no other purpose. To the fullest extent pemitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. A OtiAAeW- Signed.. Dated: 08 December 2025 Alison Oliver FCA BISHOP FLEMING AUDIT LIMITED Chartered Accountants Salt Quay House 4 North East Quay Sutton Harbour Plymouth PL4 OBN Page 8
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 11130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Note INCOME FROM: Donations and legacies Charitable activities 4.864 661,338 149.280 5,528 2.355 4.864 805,542 149.280 5,528 2.355 44,068 692,221 166,873 6,165 144,204 other trading activities Investments other income TOTAL INCOME 144.204 823.365 967.569 909,327 EXPENDITURE ON: Raising funds Charitable activities 48.408 658,646 48.408 802,850 41,127 847,912 144,204 TOTAL EXPENDITURE 144,204 707,054 851,258 889,039 NET MOVEMENT IN FUNDS 116.311 116.311 20,288 RECONCILIATION OF FUNDS: Total funds brought forward Net movement in funds 1,358.765 116,311 1,358.765 116,311 1,338,477 20,288 TOTAL FUNDS CARRIED FORWARD 17 1,475,076 1,475,076 1,358,765 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 12 to 28 form part of these financial statements. Page 9
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 12130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) REGISTERED NUMBER:03590328 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note FIXED ASSETS Tangible assets CURRENT ASSETS 13 735.901 758,974 Stocks Debtors 14 15 1,102 236.158 649,194 862 160,108 520,259 Cash at bank and in hand 21 886.454 681,229 CURRENT LIABILITIES Creditors.. amounts falling due within one year 16 1147,279) (81,4381 NET CURRENT ASSETS 739.175 599,791 TOTAL NET ASSETS 1,475,076 1,358,765 CHARITY FUNDS Restricted funds Unrestricted funds 17 Designated funds General funds 17 845.005 630.071 868,078 490,687 17 Total unrestricted funds 17 1,475,076 1,358,765 TOTAL FUNDS 1,475.076 1,358,765 The Charity was entled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Suban 14tbbs Mrs S J Hobbs (Chair of Trustees) Date: 08 December 2025 The notes on pages 12 to 28 form part of these financial statements. Page 10
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 13130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Note CASH FLOWS FROMI(USED IN) OPERATING ACTIVITIES Net cash froml{used in) operating activities 20 131,621 (4,5371 CASH FLOWS (USED IN)IFROM INVESTING ACTIVITIES Proceeds from the sale of tangible fixed assets Purchase of tangible fixed assets Investment income receipts 2,355 (10,569) 5,528 (3,8741 6,165 NET CASH {USED INVPROVIDED BY INVESTING ACTIVITIES {2,686) 2,291 CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR 128,935 {2,246) 522,505 Cash and cash equivalents at the beginning of the year 520,259 CASH AND CASH EQUIVALENTS ATTHE END OF THE YEAR 21 649,194 520,259 The notes on pages 12 to 28 form part of these financial statements Page11
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 14130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 GENERAL INFORMATION The Charity is a company limited by guarantee {company number: 1070430} registered in England and Wales. The Charity is also a registered charity (charity number: 03590328) in England and Wales. The registered adress for the Charity is Mount Wise, Devonport, Plymouth, Devon, PL14JQ. ACCOUNTING POLICIES 2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with the Charities SORP {FRS 102) 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Hamoaze House meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 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. Grants are included in the Statement of Financial Activities on a receivable basis. The balan of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balan Sheet. Where income is reiVed in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Income tax recoverable in relation to donations reiVed under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investrnent income is recognised at the time the investment income is re1Vable. 2.3 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. 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 to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of reSoUrs. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page 12
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 15130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (continued) 2A INTEREST RECEIVABLE Interest on funds held on deposit is induded when re1vable and the amount can be measured reliably by the Charity,. this is nomally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.5 TANGIBLE FIXED ASSETS AND DEPRECIATION Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis= Freehold property Short-term leasehold property Motor vehicles Fixtures and fittings 20 2.6 STOCKS Stocks are valued at the lower of cost and net realisable value after making due allowan for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 2.7 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. 2.8 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 acquisits'on or opening of the deposit or similar account. 2.9 LIABILITIES AND PROVISIONS Liabilities are recognised when there is an obligation at the Balan 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 reiVed as adVand payments for the goods or ServIS 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 dIOunt rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finan cost. Page 13
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 16130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (continued) 2.10 FINANCIAL INSTRUMENTS The Charity only has financial assets and finanaal 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 exptIOn of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.11 PENSIONS The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. 2.12 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 comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. 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, gains and losses are allocated to the appropriate fund. INCOME FROM DONATIONS AND LEGACIES Unrestricted funds 2025 Total funds 2025 Donations 4,864 4,864 Unrestricted funds 2024 Total funds 2024 Donations 44,068 44,068 Page 14
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 17130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM CHARITABLE ACTivftlES Restricted Unrestricted funds funds 2025 2025 Total funds 2025 SHARP - substan Misuse Project DATRIG Funding PCC Hidden Harm Grant Plymouth Drug & Alcohol Team Youth Referral Project Other grant and contract income PCC Parentsl Conversations RSI Apprentice Vape Practitioner Fit & Fed Grant Levelling Up, Housing & Communities 10,814 10,814 286,586 3,331 336,912 23,950 3,500 11,539 31,067 10,390 87,453 286,586 3,331 336,912 23,950 3,500 11,539 31,067 10,390 87,453 144,204 661,338 805,542 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 SHARP - Substance Misuse Project PCC Hidden Harm Grant 64,884 39,972 64,884 39,972 454,254 16,750 10,601 17,923 87,837 Plymouth Drug & Alcohol Team Youth Referral Project Other grant and contract income Fit & Fed Grant 454,254 16,750 10,601 17,923 Levelling Up. Housing & Communities 87,837 192,693 499,528 692,221 Page 15
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 18130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM OTHER TRADING ACTIVITIES Income from non charitable trading activities Unrestricted funds 2025 Total funds 2025 Rental and other income Shop income 87,406 61,874 87,406 61,874 149,280 149,280 Unrestricted funds 2024 Total funds 2024 Rental and other income Shop income 105,568 61,305 105,568 61,305 166,873 166,873 INVESTMENT INCOME Unrestricted funds 2025 Total funds 2025 Bank interest 5,528 5,528 Unrestricted funds 2024 Total funds 2024 Bank interest 6,165 6,165 Page 16
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 19130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 OTHER INCOMING RESOURCES Unrestricted funds 2025 Total funds 2025 Total funds 2024 ProfiV{loss) on disposal 2,355 2,355 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Summary by fund type Restricted Unrestricted funds funds 2025 2025 Total 2025 Charitable activities 144,204 658,646 802,850 Restricted Unrestricted funds funds 2024 2024 Total 2024 Charitable activities 242,247 605,665 847,912 ANALYSIS OF EXPENDITURE BY ACTIVITIES Activities undertaken directly 2025 Support costs 2025 Total funds 2025 Charitable activities 620,361 182,489 802.850 Page 17
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 20130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED) Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Charitable activities 674,276 173,636 847,912 ANALYSIS OF SUPPORT COSTS Total funds 2025 Total funds 2024 Staff costs Governan costs 173.761 8,728 166,980 6,656 182,489 173,636 10. INDEPENDENT EXAMINER'S REMUNERATION 2025 2024 Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts 4.500 5,000 11. STAFF COSTS 2025 2024 Wages and salaries Social security costs Contribution to defined contributs-on pension schemes 508,322 40.671 30,147 463,345 73,932 60,403 579.140 597,680 The average number of persons employed by the Charity during the year was as follows" 2025 2024 Staff 29 27 Page 18
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 21130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. STAFF COSTS (CONTINUED) The number of employees whose employee benefits (excluding employer pension costs) exeded £60,000 was.. 2025 No. 2024 No. In the band £60,001- £70,000 12. TRUSTEES, REMUNERATION AND EXPENSES During the year, no Trustees received any remuneration or other benefits12024 - £NIL). During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL). Page 19
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 22130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. TANGIBLE FIXED ASSETS Short-tenn leasehold property Freehold property Motor Fixtures and vehicles fittings Total COST OR VALUATION At 1 April 2024 Additions Disposals 1,116,693 9.156 32.339 335,306 10,569 1.493,494 10,569 (2.250) (2.250) At 31 March 2025 1,116,693 9,156 30,089 345,875 1,501,813 DEPRECIATION At 1 April 2024 Charge for the year On disposals 370,731 22,334 9.156 32.339 322,294 11,308 734,520 33,642 (2.250) (2.250) At 31 March 2025 393,065 9,156 30,089 333,602 765,912 NET BOOK VALUE At 31 March 2025 723,628 12,273 735,901 At 31 March 2024 745,962 13,012 758,974 14. STOCKS 2025 2024 Finished goods and goods for resale 1.102 862 15. DEBTORS 2025 2024 DUE WITHIN ONE YEAR Trade debtors Prepayments and accrued income 64,467 171.691 47,863 112,245 236,158 160,108 Page 20
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 23130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Other creditors Accruals and deferred income 15,287 15,732 116,260 20,205 14,697 46,536 147.279 81,438 2025 2024 Deferred income at 1 April 2024 Resources deferred during the year Amounts released from previous periods 34.483 89,217 (34.483) 86,610 34,033 (86,1601 89,217 34,483 Amounts in deferred income relates to income reiVed in advance for 2025-26 relating to grant income {£86,217) and rental and hire income (£3,000). Page 21
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 24130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 31 March 2025 Balance at 1 April 2024 Transfers inlout Income Expenditure UNRESTRICTED FUNDS DESIGNATED FUNDS Staff restructuring Propety maintenance Fixed asset fund 50,000 59,104 758.974 50,000 59,104 735,901 (33.642) 10.569 868.078 (33.642) 10.569 845,005 GENERAL FUNDS General funds 490,687 823.365 (673.412) (10.569) 630.071 TOTAL UNRESTRICTED FUNDS 1,358,765 823,365 1707,054) 1,475,076 RESTRICTED FUNDS PCC Parental Conversations RSI Apprentice Vape Practitioner PCC Hidden Harm Grant 11.539 (11.539) 31.067 3.331 (31,067) (3.331) SHARP - Substance Misuse Project Levelling Up, Housing & Communities 10,814 (10,814) 87.453 (87.453) 144.204 (144.204) TOTAL OF FUNDS 1,358,765 967.569 (851.258) 1.475.076 Page 22
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 25130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. STATEMENT OF FUNDS (CONTINUED) Designated funds Staff restructuring - Hamoaze House is reliant upon finite project funding. In order to attract staff to posts within the organisation, it is not normal practice to issue fixed term contracts. Therefore it may be necessary to make posts redundant were funding to end and this designated fund is included to cover the anticipated costs of this restructuring. Property MaIntenan- Hamoaze House is a grade11 listed building and as such requires a great deal of Maintenan and upkeep. The Trustees think it prudent to set aside funds to support the cyclical and often expensive maintenance requirements. Fixed assets fund - represents the net book value of fixed assets not available for day to day use as cash. Restricted funds PCC Parental Conversations - represents funding to provide expand the project and fund existing staff in order to support parents of children who are not attending school or have been excluded from school. RSI Apprenti Vape Practitioner represents funding to provide the role of an Apprenti Vape Pracitioner to encourage smokers to give up cigarettes via the use of electronic vapes. PCC Hidden Harm - represents funding to provide the role of Youth Worker, whom help reduce the harm caused by Substan misuse to users themselves, affected others, and to the wider community. We provide support through a Youth Work perspective based around engagement through activities. Helping those young people who are reluctant to engage in support with a specific focus on relationship building, developing trust, and increasing engagement. SHARP - Substance Misuse Project - represents funding for a programme specifically for adults and families that are affected by a loved one's drug andlor alcohol misuse. This is an opportunity for them to come together and work with professional people in understanding Substan use and to support each other. It is important to feel that they are not alone in what they are going through and it is an opportunity to talk to each other and build strong fn'endships and support neOrkS. Levelling Up, Housing & Communities- represents funding to increase the quality, capacity, and variety of our facilities that will improve the dignity and privacy of those using the Night Shelter and to diversify what we do by offering support around housing, health, and meaningful occupation to those rough sleeping and wherever possible, to prevent them retuming to rough sleeping. Page 23
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 26130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. STATEMENT OF FUNDS (CONTINUED) STATEMENT OF FUNDS- PRIOR YEAR Balan at 31 March 2024 Balan at 1 April 2023 Transfers inlout Income Expenditure UNRESTRICTED FUNDS DESIGNATED FUNDS Staff restructuring Propety maintenance Fixed asset fund 50,000 70,868 782,151 50,000 59,104 758,974 (11,764) (27,051) 3,874 903,019 (38,815) 3,874 868,078 GENERAL FUNDS General funds 385,904 716.634 {607,977) (3,874) 490,687 TOTAL UNRESTRICTED FUNDS 1,288.923 716.634 (646,792) 1,358,765 RESTRICTED FUNDS PCC Hidden Harm Grant SHARP - Substance Misuse Project Levelling Up. Housing & Communities 39.972 (39,972) 64.884 (64,884) 49.554 87.837 (137,391) 49.554 192.693 (242,247) TOTAL OF FUNDS 1,338,477 909.327 (889.039) 1,358,765 Page 24
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 27130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. SUMMARY OF FUNDS SUMMARY OF FUNDS- CURRENT YEAR Balance at 31 March 2025 Balance at 1 April 2024 Transfers inlout Income Expenditure Designated funds General funds Restricted funds 868,078 490,687 (33.642) (673,412) (144.204) 10,569 (10,569) 845,005 630,071 823,365 144.204 1.358,765 967.569 1851.258) 1.475,076 SUMMARY OF FUNDS- PRIOR YEAR Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Income Expenditure Designated funds General funds Restricted funds 903,019 385.904 49,554 (38,815) (607,977) {242,247) 3,874 (3,874) 868,078 490,687 716.634 192.693 1,338,477 909,327 {889,039) 1,358,765 19. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR Unrestricted funds 2025 Total funds 2025 Tangible fixed assets Current assets Creditors due within one year 735,901 735,901 886,454 886,454 (147,279) {147,279) TOTAL 1,475,076 1,475,076 Page 25
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 28130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED) ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR Unrestricted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 758,974 681,229 (81,438) 758,974 681,229 (81,438) TOTAL 1,358,765 1,358,765 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 20. 2025 2024 Net income for the year {as per Statement of Financial Activities) 116.311 20,288 ADJUSTMENTS FOR: Depreciation charges Dividends, interests and rents from investments Profit on the sale of fixed assets Increase in stocks 33,642 {5.528) {2,355 (240) (76,050 65.841 27,051 (6,1651 (2801 (29,4641 (15,9671 Increase in debtors Increasel(decrease) in creditors NET CASH PROVIDED BYIIUSED IN) OPERATING ACTIVITIES 131,621 (4,5371 21. ANALYSIS OF CASH AND CASH EQUIVALENTS 2025 2024 Cash in hand 649,194 520,259 Page 26
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 29130 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 22. ANALYSIS OF CHANGES IN NET DEBT At 1 April 2024 Cash flows At 31 March 2025 Cash at bank and in hand 520,259 128,935 649,194 23. PENSION COMMITMENTS The Charity operates a defined contrrbution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £30,147 {2024'. £44,908). Contributions totalling £5,104 (2024: £4,895) were payable to the fijnd at the Balan Sheet date and are included in creditors. 24. OPERATING LEASE COMMITMENTS At 31 March 2025 the Charity had commitments to make fijture minimum lease payments under non- cancellable operating leases as follows.. 2025 2024 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 33.300 123,925 87.500 29,148 115,500 120,000 244,725 264,648 Page 27
VIrtU8lSignalure Transaction Ref. RDJP-SSW&PN76 08 D8c 2025 17..15..44 GMT IUTC +0) D 112 P 31Y30 HAMOAZE HOUSE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 25. RELATED PARTY TRANSACTIONS During the year, the Charity reiVed income from a related party due to Trustees in common, Shekinah Mission {Plymouth) Limited, of £Nil (2024.. £1,763) for venue hire at Hamoaze House. At the year end, £Nil (2024.. £Nil) was owed to the Charity. During the year, the Charity received donations from Trustees of £515 (2024: £90) for leaving gifts. At the year end, £Nil (2024: £Nil) was owed to the Charity. 26. CONTROLLING PARTY The Charity is controlled by its Trustees. Page 28