Registered Charity Number 1071610 Company Registration Number 03471965 (England &Wales)
HELPING HERTS HOMELESS
(Previous name North Herts Sanctuary)
TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
HELPING HERTS HOMELESS (Previous name North Herts Sanctuary)
CONTENTS
| _______________ | _______________ |
|---|---|
| Page | |
| Legal and administrative information | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 |
| Statement of Financial Activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 15 |
HELPING HERTS HOMELESS (Previous name North Herts Sanctuary)
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 30 JUNE 2025
| ___________________ | ___________________ |
|---|---|
| Directors and Trustees | The directors of the charitable company (”the charity”) are its trustees for the purpose of |
| charity law and throughout this report are collectively referred to as the trustees. The | |
| charitable company is managed by its trustees. The trustees serving during the year and | |
| since the year end were as follows: | |
| P L Warren | |
| I P Chapman | |
| O Lister | |
| K Bridge | |
| E Poole | |
| Company secretary | R Robinson |
| Registered Charity number | 1071610 |
| Company number | 03471965 |
| Governing document | Memorandum and Articles of Association dated 4 March 2010 as amended on 23 May |
| 2022. | |
| Objects per governing document | To relieve poverty and distress amongst people who are homeless by: |
| i) the provision of year round temporary accommodation | |
| ii) the provision of support and facilities that help and encourage homeless people to | |
| address the underlying reasons for homelessness, in particular persons experiencing drug | |
| and alcohol dependency, mental health issues, learning difficulties or involvement in | |
| criminal activity. | |
| Registered office | C/O HW Associates, Portmill House, Portmill Lane, Hitchin, Herts, SG5 1DJ |
| Independent Examiner | Mark Hjertzen, H W Associates Limited, Portmill House, Portmill Lane |
| Hitchin, Herts, SG5 1DJ | |
| Bankers | CAF Bank Ltd |
| 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ | |
| CCLA | |
| Senator House, 85 Queen Victoria Street, London, EC4V 4ET |
HELPING HERTS HOMELESS (Previous name North Herts Sanctuary)
TRUSTEES’ REPORT
FOR THE YEAR ENDED 30 JUNE 2025
The Legal and Administrative information set out on page 1 forms an integral part of this report.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The objectives of the Charity are set out in the governing documents – Memorandum & Articles of Association of Helping Herts Homeless (previous name North Herts Sanctuary), incorporated 26[th] November 1997, as amended in 2005, 2010 and 2022.
During the year under review, the Charity was managed by a Board consisting of five trustees, supported by sub-committees and volunteers including appropriately qualified volunteers to the company secretary and accountant role.
The Charity works with other charities, agencies and organisations in North Hertfordshire involved with homelessness and its underlying causes.
PUBLIC BENEFIT
The Trustees hold homelessness at the centre of their approach to formulating the charity’s strategic objectives and associated planning. In doing so, the Trustees refer to the guidance contained in the Charity Commission's general guidance on public benefit when planning for the future. Through the work that the Charity undertakes in its service and support areas, it delivers public benefit and serves a wide range of people, some of whom are vulnerable. As an organisation, the charity acknowledges that the impact of its work may be limited in directly transforming the lives of those that find themselves homeless. The charity recognises a year on year increase in homelessness and is aiming to expand its support to organisations striving to address homelessness.
The charity is also aware that as it is not a registered provider, it cannot get direct access to government funding. Any potential activities requiring such funding would therefore need to be undertaken in conjunction with a partner charity who is a registered provider.
OBJECTIVES AND ACTIVITIES
The charities activities are centered in three main areas. Firstly, those arising from ownership of The Sanctuary building, secondly, supporting partner organizations whose aims align with ours, and thirdly, fundraising to enable the work we do.
The Charity is currently the owner of The Sanctuary, a hostel, which provides basic facilities to accommodate and support homeless individuals from Hertfordshire. The building will be maintained as appropriate to comply with landlords' responsibilities. Future spending on Nightingale Road will be determined by the need to maintain the building and preserve its value as an asset. Consideration is also given to longer term future use and economic viability. The charity acts, along with the current tenant, One YMCA as the public face of the North Herts Sanctuary in the local community.
As noted the Charity is not a registered provider so to maximise the use of the building it is let to a charity that is a registered provider for both accommodation and services to the homeless in return for rent set at below market value. During the period of this report the tenancy has remained with One YMCA.
Supporting partner organisations. The Charity acts as a hub to provide funding and donations in kind (clothing, provisions and bedding etc) to support the work of other charities involved supporting the homeless across Hertfordshire. This is an area the charity is actively working to develop.
The charity aims to maximise the fundraising potential which arises from a hard working team of volunteers, which organises several events each year, and our established profile in the local area which continues to attract donations from private individuals, trusts and other organisations.
ACHIEVEMENTS AND PERFORMANCE
Structure and Management
The charity has a settled board consisting of five trustees in place for two years. The board is supported by appropriately qualified volunteers to help with accountancy and company secretarial duties. Regular board meetings are held with more focused meetings for specific topics. There are sub committees for fundraising, communications and the management of social media.
We have continued our focus on improving our communications with members, partners, local authorities and donors. This is achieved through The Bulletin, our periodic newsletter which is circulated by post, by email and at events. Some of the
Trustees have visited our partner charities to see the work they do and develop relationships with these organisations’ senior management. We have regular communication and meetings with our tenant; One YMCA.
During the period the trustees took legal advice on how best to formalize our relationship with One YMCA to enable the development of our site to take place. It was concluded that it was in our best interests to remain as an independent charity but work towards a strong & close working relationship. It was considered this would best serve our continuing and developing relationships with other charities.
Supporting Partner Charities
We continue to support partner charities across Hertfordshire including One YMCA, Herts Young Homeless, Resolve, New Hope Watford and Keystage Housing. The trustees have visited these charities and met senior management to develop an understanding of the important work that they do and to develop good relationships. We also see the work that we fund and meet some of the beneficiaries allowing us to confirm that the funds we provide are used for their intended purpose.
We recognised that our funds had grown over the previous few years and increased knowledge about our partners has allowed us to more than double the total amount of money distributed with confidence.
We also increased our loan to the maximum permitted to The Black Squirrel Credit Union who work locally with people whose circumstances prevent them getting personal loans from conventional providers. Commonly such loans would be used to prevent homelessness.
The North Herts Sanctuary
The Sanctuary provides much needed accommodation and support services to five residents. One YMCA operates these services from the building under a rolling lease. They also provide any necessary building maintenance. We retain significant reserves against possible expenditure on the property. These are invested with COIF Bank so as to earn interest.
We are discussing flood prevention and flood damage mitigation with Herts County Council who are doing some improvement works near our site. We also updated flood prevention measures at the building and these were carried out as a donation in kind by the specialist installer.
The Charity has recognised that whilst the building provides serviceable accommodation and ancillary areas, the condition and layout of the building does not meet current government standards. The Charity therefore has a continuing priority to find a way in which the building can be brought up to these standards to ensure continued use as accommodation for homeless people. The potential costs and skills required mean the Charity will need to find enabling partners which may lead to fundamental changes for the Charity. We will take appropriate advice to ensure this is done in compliance with charity law and our memorandum and articles of association.
At the beginning of the reporting period it was understood that funding was in place to redevelop The Sanctuary site from sources including national & local government, One YMCA and ourselves. In addition we would have enabled the works by granting a long term lease to One YMCA. Planning permission for a purpose built 23 bed hostel had been obtained and it had been hoped work would start in the autumn of 2024.
In summer 2024 Homes England, the majority funder withdrew from the scheme as their priorities changed due to reasons beyond our control. The other funders were not able to replace the money so the development was put on hold. We were informed that funding could be reinstated from future funding rounds during 2025 and we are constantly monitoring progress through our partner One YMCA with every intention that the development will take place.
Fundraising
The Charity's fundraising activities via events and regular donations continue. Events not only raise money but increase our profile in North Hertfordshire where we are able to maintain a strong reputation. Fundraising enables us to give grants to partner charities who share our focus on homelessness and the prevention of homelessness.
Events included the annual quiz, carol singing outside a supermarket, a raffle and a concert in a local church.
FINANCIAL REVIEW & PROPERTY REPORT
The period under review has produced another strong financial performance. Annual income corresponded closely to the previous year, as did expenditure over the same period.
The trustees’ attention has again concentrated on the options to redevelop the site of the North Herts Sanctuary. The board has worked conscientiously to use its funds effectively, and managed to fulfil its main mission objectives. Support for the charity in its various forms has remained strong in the local community.
HHH revenue is derived from three main sources – donations (individuals, faith groups and business organisations), fund-raising events, and via rent received from our building under the tenancy agreement with One YMCA. Annual income remained constant, ignoring an exceptional one-off payment from the previous year. An increasing proportion of our donations now comes from online sources, mainly through Just Giving. The use of a card reader linked to a SumUp account helps considerably at events and collections, and reduces the amount of cash handled.
Expenditure was comparable with the previous year, with minimal outlay on maintenance /improvement of the building until its future is decided. The main emphasis on spending, we are pleased to say, was providing grants to support our partners and associates to fulfil
one of our Charity’s prime charitable aims. In the period 2024-25 the total grants distributed by the charity increased significantly to nearly £16,000. This supported projects and necessary costs incurred in helping residents and clients with non-budgeted expenditure.
Overall, we have still produced a useable surplus for the year. Some of this has been used to increase our holding in the C.O.I.F. fund at a favourable interest rate. This is used as the Sanctuary Reserve, intended to be invested in The Sanctuary site once the right opportunity arises.
Looking forward, the Board of trustees are confident that the Charity’s financial position will remain stable. RESERVES POLICY
Unrestricted funds amount to £608,775. This is represented by:
A general reserve for fundraising activities supporting homeless amounting to £118,511.
A designated property fund amounting to £356,684. This enables us to maintain or develop our present building. The board continues to consider options for the future of the property.
The property is held at market value and the increase in valuation is held in a reserve amounting to £133,580.
POST REPORT PERIOD UPDATE AND PLANS FOR THE FUTURE
The charity continues to be mindful of developing new and existing relationships, the need to seek more funding and of finding a sustainable future for The Sanctuary.
Fundraising efforts will continue as the backbone of the Charity and to raise awareness of local homelessness and ensure we have money to distribute to our partners.
One YMCA has recently started discussions with Homes England about funding to redevelop The Sanctuary site so there is optimism that work could commence in 2026.
Peter Warren, our longest standing trustee, has decided he will step down as treasurer and trustee at the next AGM. Peter is a long standing member of the Charity and will be very much missed. The board has started the process to recruit one or more replacements and hope this will bring new skills and ideas to develop the Charity.
RISK MANAGEMENT
The Trustees continue to keep the risks of running the Charity under review. Regular board meetings provide the opportunity to discuss and resolve any concerns.
The Trustees are in the process of verifying their identities with Companies House as required under the Economic Crime and Corporate Transparency Act (ECCTA) 2023.
The Charity has Public Liability Insurance and the main asset, the building and site at 25 Nightingale Road, Hitchin, is appropriately insured. We continue to make enquiries with local and national government bodies to establish where responsibilities lie in respect of preventing flooding and to then ensure these responsibilities are fulfilled.
We will appoint law firms as appropriate to ensure any changes to the Charity or our assets are made in accordance with Charity and other relevant legislation.
INDEPENDENT EXAMINER
Mark Hjertzen of HW Associates Limited has been appointed as Independent Examiner by the Trustees and a resolution will be proposed at the AGM that he be re-appointed for the ensuing year.
The above report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Statement of Recommended Practice (SORP) (FRS102): Accounting and Reporting by Charities.
Approved by the trustees and signed on their behalf by:
Owain Lister Chair Dated:
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE
UNAUDITED ACCOUNTS OF HELPING HERTS HOMELESS (previous name North Herts Sanctuary)
I report to the Trustees on my examination of the accounts of helping North Herts Sanctuary (working as Helping Herts Homeless) (the charity) for the year ended 30 June 2025.
This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the charitable company's trustees as a body in accordance with section 154 of the Charities Act 2011. My independent examiner's work has been undertaken so that I might state to the charitable company's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company, the charitable company's members as a body and the charitable company's trustees as a body, for my independent examiner's work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the Board of Trustees of the charity (and also 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The Trustees’ acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
Independent examiner's statement
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 that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the accounts do not accord with those records; or
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3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 to enable a proper understanding of the accounts to be reached.
Mark Hjertzen BA FCA
H W Associates Limited Portmill House Portmill Lane Hitchin Herts SG5 1DJ
Dated:
HELPING HERTS HOMELESS (Previous name North Herts Sanctuary)
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | ||
| Notes | £ | £ | £ | £ | |
| Note 14 | |||||
| Income from: | |||||
| Donations | 11,029 | - | 11,029 | 12,132 | |
| Other trading activities – fund raising | 7,041 | - | 7,041 | 7,190 | |
| Investment income – interest receivable | 7,504 | - | 7,504 | 5,498 | |
| Investment income – rent receivable | 12,000 | - | 12,000 | 12,000 | |
| Investment income – dividend income | 104 | - | 104 | 102 | |
| Exceptional income | - | - | - | 22,964 | |
| ───── | |||||
| ────── | ────── | ───── | |||
| Total | 37,678 | - | 37,678 | 59,886 | |
| ────── | ────── | ───── | ───── | ||
| Expenditure on: | |||||
| Raising funds | 3,038 | - | 3,038 | 3,463 | |
| Charitable activities | 2 | 18,626 | - | 18,626 | 14,208 |
| Other costs | 3 | 2,469 | - | 2,469 | 6,681 |
| ────── | ────── | ───── | ───── | ||
| Total | 24,134 | - | 24,134 | 24,352 | |
| ────── | ────── | ───── | ───── | ||
| Net income/(expenditure) | 13,545 | - | 13,545 | 35,534 | |
| Other recognised gains/(losses): | |||||
| Gains/(losses) on investments | - | - | - | - | |
| ────── | ────── | ───── | ───── | ||
| Net movement in funds | 13,545 | - | 13,545 | 35,534 | |
| ────── | ───── | ───── | |||
| ────── | |||||
| Reconciliation of funds: | |||||
| Total funds brought forward | 595,230 | - | 595,230 | 559,696 | |
| ────── | ───── | ───── | |||
| ─────── | |||||
| Total funds carried forward | 608,775 | - | 608,775 | 595,230 | |
| ═══════ | ══════ | ═════ | ═════ |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from ongoing activities.
The Statement of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
HELPING HERTS HOMELESS (Previous name North Herts Sanctuary)
BALANCE SHEET
AS AT 30 JUNE 2025
| _______________ | _______________ | _______________ | _______________ | _______________ | _______________ |
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 6 | - | - | ||
| Investment Property | 7 | 400,000 | 400,000 | ||
| Investments | 8 | 15,000 | 10,404 | ||
| CURRENT ASSETS | |||||
| Debtors | 9 | 46 | 2,121 | ||
| Cash at bank and in hand | 194,979 | 183,856 | |||
| ─────── | ─────── | ||||
| 195,025 | 185,977 | ||||
| CREDITORS:amounts falling due within | 10 | (1,250) | (1,151) | ||
| one year | |||||
| ─────── | ─────── | ||||
| NET CURRENT ASSETS | 193,775 | 184,826 | |||
| ─────── | ─────── | ||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 608,775 | 595,230 | |||
| ═══════ | ═══════ | ||||
| FUNDS | |||||
| Unrestricted Funds | |||||
| General | 11 | 118,511 | 111,459 | ||
| Designated property fund | 11 | 356,684 | 350,191 | ||
| Revaluation reserve | 11 | 133,580 | 133,580 | ||
| ─────── | ─────── | ||||
| TOTAL FUNDS | 12 | 608,775 | 595,230 | ||
| ═══════ | ═══════ |
The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.
The trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved by the trustees and authorised for issue on 10 February 2025 and are signed on its behalf by:
……………………………………………….
Owain Lister Trustee
Company Registration No 03471965
HELPING HERTS HOMELESS (Previous name North Herts Sanctuary)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) HELPING HERTS HOMELESS (Previous name North Herts Sanctuary)
FOR THE YEAR ENDED 30 JUNE 2025 NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
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1.6 Tangible fixed assets and depreciation ______________ Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
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1 Accounting policies
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Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a
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1.1 revalued amount, being their fa r value at the date of valuation less any subsequent accumulated depreciation Company status and informat i on and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considNorth Herts Sanctuary (working as Helping Herts Homeless) is a private company limited by guarante e incorporatedred to be their min Engl a rket value.nd and Wales. The registered office is C/O HW Associates, Portmill House, Portmill Lane, Hitchin, Herts, SG5 1DJ. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per
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Deprm e mber.ciation is provided at rates calculated to write off the cost of each asset, on a straight-line basis, over its expected useful life, as follows:
1.2 Basis of preparation ComputersThe accounts have been prepared in accordance with the charity’s Memorandum and Articles of Association, the3 years Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable Equipment 3 years to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
1.7 Investment Property The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. Investment properties are measured at fair value at the balance sheet date. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these accounts are rounded to the nearest £. 1.8 Fixed asset investments Investments are initially measured at cost and subsequently measured at cost less any accumulated impairmentThe accounts have been prepared under the historical cost convention, modified to include the revaluation of losses. The investments are assessed for impairment at each reporting date and any impairment losses orfreehold property. The principal accounting policies adopted are set out below. reversals of impairment losses are recognised immediately in profit or loss. The charity has taken advantage of the concession available to smaller charities in the Statement of Recommended Practice which permits the analysis of incoming resources and resources expended by natural categories rather than 1.9 Fund Accounting by activity. Unrestricted funds These are funds which can be used in accordance with the charitable objects at the discretion of the trustees. 1.3 Going concern Designated funds These are unrestricted funds which have been earmarked by the trustees for The trustees are confident that the charity is able to continue to meet its liabilities as they fall due for the foreseeable particular purposes future and that the accounts should be prepared on a going concern basis. Restricted funds These are funds that can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when 1.4 Incoming resources funds are raised for particular restricted purposes.
Fu ~~rther exp~~ Income lanation of the nature and purpose of each fund is given in the notes to the financial statements. Income is included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Gift Aid reclaims are recognised on receipt. 1.10 Taxa In t ion erest receivable Interest receivable is included in the financial statements on an accruals basis. The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.Donated services and facilities Donated services and facilities are included in the Statement of Financial Activities where the benefit is reasonably quantifiable and measurable.
1.5 Expenditure
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
HELPING HERTS HOMELESS (Previous name North Herts Sanctuary)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
HELPING HERTS HOMELESS (Previous name North Herts Sanctuary)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
| _______________ | _______________ | _______________ | _______________ |
|---|---|---|---|
| 6 | Tangible fixed assets | Plant & | Totals |
| machinery | |||
| etc | |||
| Cost or valuation | £ | £ | |
| At 1 July 2024 | 49,408 | 49,408 | |
| ─────── | ─────── | ||
| At 30 June 2025 | 49,408 | 49,408 | |
| ─────── | ─────── | ||
| Depreciation | |||
| At 1 July 2024 | 49,408 | 49,408 | |
| ─────── | ─────── | ||
| At 30 June 2025 | 49,408 | 49,408 | |
| ─────── | ─────── | ||
| Net book value | |||
| At 30 June 2025 | - | - | |
| ═══════ | ═══════ | ||
| At 30 June 2024 | - | - | |
| ═══════ | ═══════ | ||
| 7 | Investment Property | 2025 | 2024 |
| £ | £ | ||
| Investment Property | 400,000 | 400,000 | |
| The property at 25 Nightingale Road, Hitchin is held at a market | value of £400,000 based on a valuation | by a local | |
| property consultant on 2nd May 2019. | |||
| 8 | Fixed asset investments | 2025 | 2024 |
| £ | £ | ||
| Other investments other than loans | 15,000 | 10,404 | |
| ─────── | ─────── | ||
| 15,000 | 10,404 | ||
| ═══════ | ═══════ | ||
| Movements in non-current investments | Other | Totals | |
| investments | |||
| other than | |||
| loans | |||
| Carrying amount | £ | £ | |
| At 1 July 2024 | 10,404 | 10,404 | |
| Additions | 4,596 | 4,596 | |
| ─────── | ─────── | ||
| At 30 June 2025 | 15,000 | 15,000 | |
| ═══════ | ═══════ |
HELPING HERTS HOMELESS (Previous name North Herts Sanctuary)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
| ______________ | ______________ | ______________ | ______________ | ______________ | ______________ | ______________ |
|---|---|---|---|---|---|---|
| 9 | Debtors | 2025 | 2024 | |||
| £ | £ | |||||
| Prepayments | 46 | 121 | ||||
| Accrued income | - | 2,000 | ||||
| ────── | ────── | |||||
| 46 | 2,121 | |||||
| ══════ | ══════ | |||||
| 10 | Creditors: amounts falling due within one year | 2025 | 2024 | |||
| £ | £ | |||||
| Accruals | 1,250 | 1,151 | ||||
| ────── | ───── | |||||
| 1,250 | 1,151 | |||||
| ══════ | ══════ | |||||
| 11 | Movement in funds – year ended 30 June 2025 | |||||
| B/fwd. 1 July | Income | Expenditure | Transfer | C/fwd. 30 | ||
| 2024 | June 2025 | |||||
| £ | £ | £ | £ | £ | ||
| Unrestricted funds | ||||||
| General | 111,459 | 25,678 | (18,626) | - | 118,511 | |
| Designated property fund | 350,191 | 12,000 | (5,507) | - | 356,684 | |
| Revaluation reserve | 133,580 | - | - | - | 133,580 | |
| ─────── | ────── | ─────── | ────── | ────── | ||
| Total funds | 595,230 | 37,678 | (24,134) | - | 608,775 | |
| ─────── | ────── | ─────── | ────── | ────── | ||
| Movement in funds – year ended 30 June 2024 | ||||||
| B/fwd. 1 July | Income | Expenditure | Transfer | C/fwd. 30 | ||
| 2023 | June 2024 | |||||
| £ | £ | £ | £ | £ | ||
| Unrestricted funds | ||||||
| General | 77,781 | 47,886 | (14,208) | - | 111,459 | |
| Designated property fund | 348,335 | 12,000 | (10,144) | - | 350,191 | |
| Revaluation reserve | 133,580 | - | - | - | 133,580 | |
| ─────── | ────── | ─────── | ────── | ────── | ||
| Total funds | 559,696 | 59,886 | (24,352) | - | 595,230 | |
| ─────── | ────── | ─────── | ────── | ────── |
HELPING HERTS HOMELESS (Previous name North Herts Sanctuary)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
| 12 | Analysis of Net Assets between Funds | ||||
|---|---|---|---|---|---|
| year ended 30 June 2025 | Unrestricted funds | ||||
| Designated | Revaluation | ||||
| General | property | reserve | Total | ||
| £ | £ | £ | £ | ||
| Tangible fixed assets | - | - | - | - | |
| Investment Property | - | 266,420 | 133,580 | 400,000 | |
| Investments – non-current | 15,000 | - | - | 15,000 | |
| Debtors | 46 | - | - | 46 | |
| Investments – current | - | - | - | - | |
| Cash at bank and in hand | 104,716 | 90,264 | - | 194,979 | |
| Creditors: amounts falling due within one year | (1,250) | - | - | (1,250) | |
| ────── | ────── | ─────── | ────── | ||
| 118,511 | 356,684 | 133,580 | 608,775 | ||
| ══════ | ══════ |
═══════ | ══════ | ||
| year ended 30 June 2024 | |||||
| Tangible fixed assets | - | - | - | - | |
| Investment Property | - | 266,420 | 133,580 | 400,000 | |
| Investments – non-current | 10,404 | - | - | 10,404 | |
| Debtors | 2,121 | - | - | 2,121 | |
| Investments - current | - | - | - | - | |
| Cash at bank and in hand | 100,085 | 83,771 | - | 183,856 | |
| Creditors: amounts falling due within one year | (1,151) | - | - | (1,151) | |
| ────── | ────── | ─────── | ────── | ||
| 111,459 | 350,191 | 133,580 | 593,230 | ||
| ══════ | ══════ |
═══════ | ══════ |
13 Volunteers and donated goods and services
The role and contribution of volunteers is described in the trustees’ report. No goods and services donated by volunteers and supporters have been recognised in these accounts because they are not reasonably quantifiable and measurable.
HELPING HERTS HOMELESS (Previous name North Herts Sanctuary)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
14 Statement of Financial Activities (comparative year)
The full comparative figures for the year ended 30 June 2024 are shown below:
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| Funds | Fund | 2024 | ||
| £ | £ | £ | ||
| Income from: | ||||
| Donations | 12,132 | - | 12,132 | |
| Other trading activities – fund raising | 7,190 | - | 7,190 | |
| Investment income – interest receivable | 5,498 | - | 5,498 | |
| Investment income – rent receivable | 12,000 | - | 12,000 | |
| Investment income – dividend income | 102 | - | 102 | |
| Exceptional income | 22,964 | - | 22,964 | |
| ────── | ────── | ────── | ||
| Total | 59,886 | - | 59,886 | |
| ────── | ────── | ────── | ||
| Expenditure on: | ||||
| Raising funds | 3,463 | - | 3,463 | |
| Charitable activities |
2 | 14,208 | - | 14,208 |
| Other costs |
3 | 6,681 | - | 6,681 |
| ────── | ────── | ────── | ||
| Total | 24,352 | - | 24,352 | |
| ────── | ────── | ────── | ||
| Net income/(expenditure) and net movement in | ||||
| funds | 35,534 | - | 35,534 | |
| Other recognized gains/(losses): | ||||
| Gain/(losses) on investments | - | - | - | |
| Reconciliation of funds: | ||||
| Total funds brought forward | 559,696 | - | 559,696 | |
| ─────── | ────── | ────── | ||
| Total funds carried forward | 595,230 | - | 595,230 | |
| ═══════ | ══════ | ══════ |