+ftifli+y Company R•gIStraOn Number 03683014 Charlty Numb•r 1075692 TRINITY ACTIVITIES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
+ftIYlI+y TRINITY ACTIVITIES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Page Company Infomiatlon Dlrèctor8' Report Indeperthnt Audllor's R•port Stslement ol Fln8nd81 A¢tlvlll¢8 8918nce Sheet Cash Flow Sl81gm•nl 10 Nolfj8 lo tho Flnond81 Si¥lemènts
+ftifli+y TRINITY ACTIVITIES GOMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 R•gl•t•r•d Ch•rlty Numb•r 1075692 Comp•ny Numb•r 03683014 Dlr•ctor• J Cannon F Garrod (Res]ed on 14 June 2024) C Al-Hashimi (Resigned on 20 February 2024) J Hlcklln R D Kay (Chalr, Appolnled 11 Novembor 2024) R Odedra IVl¢e Chalr. Appolnted 11 November 2024) N Vallol8 IRo81gn•d on 5 Septombfrr 2023} R Walto CompAny 8•¢r•l•ry S Hedloy R•gl•l•r•d l)Inc• Trfnlly Actlvllles R•dford Hou#8 Rodltsrd Way Uxbrldoe Mlddlgsex U881S2 Ind•p•nd•nl Audlttx HaysM8c LLP 10 Qu•on Slrèel Place London EC4R 1AG B•nk•r• Tho cOParatIva Bank PO Box 250 Dolf Housè Skelmer8dale WN86wr Barclays Bank PLC L•lc•ster. Lfjlcesl8rshSr•. LE87, 2BB
+ftIY]I+y TRINITY ACTIVITIES DIRECTORS. REPORT FOR THE YEAR ENOEO 31 MARCH 2024 The Directors pro$enl thelr report and financial slalemenl8 for Ihg year ondod 31 March 2024. Tho financial ¥ts1gmonls have bean prepared In accordance with tho acwunllng pollcles sal out in no18 1 to thg fin8ncl•l slalements and comply wllh the Chanty's govornSng documonl, the Companles Act 2006 and 'Accounling and Raporting by Chariti88'. Slalgmenl of Recommended PraGtlce appllcable ID charities preparing Ihgir account8 In accordance vlih tho Financial Reporting Sland8rd applicable in the UK and Republi of Ir8land {FRS 1021 {effe¢llve 1 January 20191" Oblectlv•• and •¢tlvltl•• Trlnlty Actlvilies Is 8 charitabl8 company limlled by guarantee, ol whlch Trlnity Homel888 Projects ITHPI is thg sole member. Th8 charSlabla company w88 881 up lo providg SUPPOrt8d amploym8nl and Iralnlng for peoplo who ore 8oGially 6xcluded. Publlc b•n•fit In a¢cordance with the abova oble¢lSvo8 for Ihls year, and wllh due regard to the publlshod Charity Commi881on guldonce on the opoiallon of th• Publ1¢ 8en6fl1 requlremenl of the Charitiès A¢1 2011, th6 Dlreclor8 have underiaken approprlalfr 8¢llvlllo8 In furtherance of th08e alms for tho public bengfil. Thi8 yearfs acllvlllg8. achiev•menl8 and future plans are 8ummarised below. Achlov•m•nts ind p•rformanc• Fumltur• Ihal do••n't cost th• ••rth. We work to 8 Irlpl8 boltom Ilne of,. Boclal, environmgnl81 and finand81 outcoma8. Trlnlty Furnllure Storès provid& low cost, pre-owned lurnilurB to over 20,000 peopla In our locgl area as w91188 3110 lamllios r8c8ivlng help to mova Into new social hosing. Thi8 year wa re¢ycl8d 378 lonB of don•l•d furni1u. Thls Is equal lo over 1.000 tons ol C02 or healing ovèr 35D hou8es for o year. Trtnlty cunently has 100 propgrtles, Trlnity doesn't co81 the earth. Thls year Saw the exp8n8ion of our Uxbridgo sloro and an In¢rea$6 In 88les of 12%, a gro88 8urplus of 30% ond ¢onlrtbullon towards charllablo OVorhe8d$ of 24%. We would liko to Ihonk 811 our donors and customers for making Ihls po8$lbl•. Futuro pl4n• We wlll wntlnue with our partnership worklng wllh the Local Aulhorily. providing fumlture lo new tenants vla tha voucher 8ch8m8, 88 well aB worklng along5ido the"Re-LÈ8e Netsvoth. performing conlr8c19d GlearanGgs of MOD propertle8. Flnanclal rnvl•w The slalemenl of financial acllvllles shows a d8ficit for the year of £112.40412023.. £21,186 surplus). Al 31 March 2024. total funds were £34,403 In Surplu¥ {2023.. E146,807}. R•x•rv•• pollcy The dlrg¢lors hav8 reviewed the charStable company's nèéd$ for ro$en4as In Ilnewith the guldancolgyuèd by the Charlty Commission. Thgy have e51abllshed 8 policy wh8reby the free reserves Ilhat18 Ihos8 reserves not invested in fixed assets or de8ignated Bnd restricted funds) held by the haritsble comp8ny Should bg 8qual to 12 weeks general operatlng costs. This equates lo approximately £187,238 In g8nerBI funds and Ihi¥ tsrget wa8 not 8chioved during th8 finanGial year. However, It should be noted that an intgrwmpany loan balance or £164,240 wilh Ihg pargnl company of part of the cradllor8' balance. There is no intsntion of the parent company lo call on the loan and this mean8 Trlnlty Actlvltles18 Solvanl lo opgralg. Page 2118
+ftifli+y TRINITY ACTIVITIES DIRECTORS. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Rlsk r•vlow Thg Sonlor Monagomfrnt Team r8vlew8 the R18k Mltlgallon Plan monthly and report lo the Board on Ihls quarterty. Tho majority of the inGom8 come3 from Sales in the chority shops. Thoro is a roliancg placed on peoplo donating large Items lo the shops. Should this slop or reduce thls will havo gn impact on the Income. In order io m6t4gale th18 risk, we stockplle 8omg of the dOrted Items 50 thal the shop Is not empty in down Ilm88. There have also tjeen fundralslng day8, and events and we hope to continug with th888. Another rlsk for the charity is the Increasing compgllllon lo new enlrants into the market. Th18 may18ad Io u8108lng CU8tomer8 to those competitors whlch would rèduce tha Income of th8 charlty. To mlllgate th18 rlsk, the dlrectors monllor the market lo note any slgnificant compellllon and are prepared, If nocessary, lo adjust the staffing slruclure In Ilne with tho ¢urronl markel ¢ondlllon$. structUi•i q0v•rnan, and manag•m•nt The dlreclor8 of the charitabl• company who aro dlroctorn for the purpo8•8 of Company law and Iru8tee8 for Ihe purpo608 ofcharfty law, who Bgrve¢J durlng tho yoar and lo dale were.. J Cannon F Garrod (Chalr. Re¥lgned on 14 June 20241 C Al- H88hlml (Reslgned on 20 FebNary 20241 J Hlcklln R D Kay (Chalr, Appointed 11 Nov8mb8r 2024) R Odèdra (VIC8 Chalr, Appointed 11 November 20241 N Vallols IRo819ned on S Septombor 20231 R Wallo Undar the Artlelos of A$$ocSallon, dlre¢tors oro lo bo appolnted by Trlnlty Homele88 Prolecls ITHPI. THP IJ tha 801e member of the charllablg wmpany and may havo a liablllly of £1 In tho gvent of the charltabl8 company bèing IlquSdalod whll$l1118 0 mombor or wllhln one year of It cea8ing lo be 8 mgmb8r. Tho Dlrèctor8 have connmied that they have an awareneBS and urHler8tandlng of thelr19gal re8pon8lbllllle8 as $ummarl8ed in the NVCO publlcalSon, Vhe 12 E88entl81 Board Rèsponslbllities" and thèir training needs are kapl undar r6vlew accordlngly. The Dlreclors have dèl8g8led day to day management of the charftable company to Steve Hedley, who provldey a wrltton rtrport lo each meetlng ol the diro¢tor8. whlch are hold approxlmalely quarterfy and Is also In regular conlacl with directors befv4een meellnos. Appolnlm•nt of dlr•¢t•rs Trlnlty Activiti95 usually has up to glght Trustees. The re¢ruilmgnl proc88&18 run by the Chalr of Tru81888 and ov8r808n by the CEO. The Board IdentifieB the skills whlch il ngeds wllhln it. and then actlvely seeks pgople with Ih95e skills lo appty lo bocomg a Trustsg of the charity. Candidate8 are requlred to complete an application form setting out dètails about themselves and their 8ullablllty for Tru8tee8hlp. Th888 applications aro Irealed on confidèntial basls, revlewed by Ihe Chair of Trustges and Ihe CEO and mal¢hgd against Ihg skilly criteria established by the Board. Pro8P8Ctlve Trustees are Invlted to allgnd a number of Board Meeting5 #s an obseNèr. Dlr•ctor' tralnlng Becausè poor govémance costs more than learning lo govem well, the Board Invests In its govgrnance capaclty- Trainlng and ra- training is used to orSent new members as well as increase exisiing m8mbers' skills and understandings. Both Chair and Vice Chalr receive specific trainin9 regarding chairing meetings and the Board atiend an annual day away. Outside monltoring assistance is also arranged so th81 the B08rd can exercis9 confidonl Gonlrol over organisalional pgrformancg. including bul nol limited to fiscal audll. Mechanisms arg used to ensure the Board'8 ablllty to16slen to the beneficlarle8' vlewpolnts and values. Governance costs are prudgnl Ihough not al the exp8ns8 of endangerlng the developm8rit and malnlgnance of superior capability of Ihg Board. Page 3118
+ftIY]I+y TRINITY ACTIVITIES OIRECTORS. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Stat•m•nt of Dlr•ctorfs R••pon•lbllltl•s The dlrector¥, who also act as Iruslees for the charitable activities of Trinity Aclivilies. ara rasponsible for preparing the Directors Report and th8 financial statemenls in accordance with applicablo law and Uni18d Kingdom Accounllng Standards Iunilgd Klngdom Gènerally Accèpted Accounting Praclicel. Company Law require8 the Directors to prgpare financial stalemenl8 for each f1nancial year which givo g Irug and lair viow of Iho slate of affal of the Chadty and of tha Incoming r88OUiC88 and application of resources. Includlng the Income and 8xpendilur8, of Ihe charitable company for that year. In preparing th888 financlal 8tatement8, the Directors are required lo: - Select sultablg accounting pdlcies and then apply them con8i&lently. . observg Ihe mglhods and prln¢iples in the Chariligs SORP. makejudgemenl8 and e8llm8les that ar8 re880nabl8 and prudent.. and prepare the financial slalemenls on the golng concgTn bas15 unlgss It15 Inapproprlate to prgsume that Ihe Charity will continue In operalion. Thè Dirèctors are responBlble for keeping adéquala accounting r8cord$ Ihdl di8cIo86 wllh reasonable accuracy 8t any Ilmè the financlal po8lllon ol Iha Charity and enable them lo en¥ure that the financial Slalèmenls comply with th8 Companias Act 2006. Thay are also ra8pon81ble for ¥afeguarding the assets of tho Charity and hance for laklng rgajonablg steps for the prgvenllon and dgleGlion of fraud and olhor irr•gul8ri1i•8. Audltor In accordance with the company'8 8rticle8, a re8olulion prop081ng Ihal Haysmac LLP be reappolnlad as audltor of thg cornpany wlll be put al a Gengr81 Meetlng. DS8clo•ur• of InfoTm•tlon to •udltor Each of the Direclofs ha8 confirmed Ihal Iherg Is no inlomiallon ol which they are aware whlch18 relevant lo the audS1, bul ol which tha 8udilor Is unaware. They have further confirmed ihal they have taken appropnale slep8 la Idenllfy such relevant Infomallon and lo eslabllsh that tho audilor Is awafe of such Infom)alion, Th8 Dlrector8' report w88 approved by the eoafd ol Dlrector8. John Hicklin Dala.. 11Lh Nov9mbgr 2024 Page 4118
+ftifli+y TRINITY ACTIVITIES INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 MARCH 2024 Oplnlon We have 8udlted the financlal statements of Trinlty Actlvttles for the year 8nd8d 31 March 2024 whlch comprise the Statement of Finan¢lal Actlvltles, the Balance Sheets, the Cash Flow Ststement, and notes to the financial statements. including a summary of slgnlflcant accountlng pollcies. Th8 financial reporting framework that has been applled In thelr preparallon is applicabl8 law and United Kingdom Accounting Standards, Including Flnanclal Reportlng Standard 102 The Flnanclal Reporting Standard applicable In th8 UK and Republlc of Ireland (United Kingdom Generally Accepted Accounting Practlcel. In our oplnlon, the financlal ststements: give a true and fair view of the 8tate of the charitable company's affair8 88 at 31 March 2024 and of the ¢haritsble company'8 n8t mov8m8nt In fvnds, including the income and expenditure, for tha year then ended,. and have b8en properfy prepared In accordanc8 wllh Unlted Klngdom Generally Accepted Accounting Practlce: have been prepared In accordance wlth the requirements of the Companies Act 2006. Ba81• for oplnlon W8 conducted our audit in accordance wlth Int8matlonal Standards on Audltlng IUKI {ISAs (UK)) and appllcable law. Our responslbilitles under those standards are further descrlbed in the Auditorfs responsibilities for the audlt of the financlal Statements 88Ctlon ofour report. We are Ind8P8ndent oflhe Chatable company in accordance with the ethlcal requlremgnts that are relevant to our audit of the flnanclal statements In the UK, Including the FRC'S Ethlcal Standard, and w8 have fulfilled our other ethical responsibllltles In accordance wlth these requlrements. We belleve that the audlt evldenc8 we hav8 obtaln8d 18 8ufficlent and appropriate to provlde a basis for our oplnlon. conclu81¢$ r•latlng to golng Gon¢•rn In audlting the flnanclal Stalements, we have concluded that the trustees, u8e of the golng concern basls of accountlng Sn the preparatlon of the financlal st8lements18 approprlate. Based on the wotk we have perft>rrned, we hava not Idenllfled any matertal unc8rtalntles relatlng to events or condltlons that, individually or coll8CtIv81y, may cast slgnificanl doubt on the charitable company's ablllty to continue a8 a golng concem for a perfod of al least e1ve months from when the flnanclal 8tatements ar8 authorlsed for Issue. Our re8ponslbllltl88 and the r88pon8lbllltle8 of the trustees wlth rospect lo golng concern are descrfbed In the relevant 8ectlon8 of thls report. Oth•r Informatlon The trustees are respon8lble for the other Infomatlon. The other infomiatlon comprlses the Infomiatlon Included In the Truste88' Report. Our opinion on the flnanclal statemenls does not cover the other informatlon 8nd, except to the extent otherwise expllcltly stated In our report. we do not express any fom of assurance conclusion thereon. In connection with our audit of the financlal statements, our responslblllty Is lo read the other Infomalion and, in doing so, consider whether the Other Infomiatlon Is materially inconsislent with the financial statements, or our knowledge obtalned In the audit or otherwise appears to be materially misstat8d. If w8 Id8ntlfy such material Inconsistencies or apparent material misstatements. we are requlred to detemilne whether there is a material misstatement in the financlal statements or a materfal mlsstatement of the other Informatlon. If, bas8d on th8 work we have perfomied, we conclude that there is a material misstatement of thi8 other information, we are required to report that fact. We have nothlng to r8POrt In thls r8gard. Oplnlon8 on oth•r matters pro8¢rlbod by the Companles Act 2006 In our opinion. based on the work undertakon in the cours8 of the audit: the information given in the Truslees, Report {which includ8S th8 directors, report prepared for the purposes of company law) for the financial year for which the financial statements are prepared is consistenl with the financial statements., and the directors, report Included wlthln the Trustees, Report has been prep8red in accordance wlth applicable legal requlremenls. Page 5118
+ftifli+y Matters on whlch we are r•quirod to r•port by excaptlon In ihe light of the knowledgè and understandlng of the charitable company and its environment obtalned In th8 course of the audit, we have not Identified material misstaternent8 in the Tru8t8es' Report {whlch Incorporates the dlrectors. report). We have nothlng to report In respect of the following matters in relatlon lo whl¢h Ihe Companies Act 2006 requires us to report to you if. in our oplnion: adequate accounting records have not been kept by th8 charltable company., or the charltable cornpany financial statements are not in agreement with the a¢¢ountlng records and retums. or certain disclosures of trustees, remuneration specified by law are not mad8', or we have not received all the infomiation and explanatlons we require for our audit,. or the trustees were not entitled to prepare th8 flnanclal statements in accordance with the small companles, règime and take advantage ofthe small companles, exemptions in preparing th8 tru8tee8' r8POrt and from the requlrement to prepare 8 Strategic report. Respon8lbllltl•8 of tru•teo8 for thè flnanclal stat•mont8 As explained more fully In the Statement of Trustees, Responslblllt188 8tatem8nt 88t out on page 4, the trustees (who are also the director8 of the charitable company for tho purposes of company law) are respon8lbla for the preparatlon of lh8 fin8nclal statements and for being satisfied thal they glve a true and falr view, and for such Intemal control as the trustees deteIne18 necessary to enable the preparatlon of flnancial Statements that are free from material misstatement, whether due to fraud or error. In preparing the financlal statements, the trustees are responsible for a8sesslng the charltable company'8 ablllty to contlnue as a golng Concern, discloslng, a8 appllcab18. matters related to going concern and uslng the going concern ba818 of accounting unle88 the trustee8 ellher Intend to liquldate the charltablé company or to cea88 operatlons. or have no reallstlc altematlve but to do so. Audllor'8 r•8pon8lbllltl•8 for the audlt of the fln8n¢lal $tatement8 Our obleclives are to obtsln reasonable a88uranc8 about whether the financial slatsments a8 8 whole are free from materlal misstatement, whether due to fraud or error, and to issue an auditor's report that includes our oplnion. Rea8on8ble assurance Is hl9h level of assurance but is not 8 guarantee that an audit conducted In accordance wlth ISA8 (UK) wlll always detect a matertal misslatemenl when il exists. Misstatements C8n arfse from fraud or error and ar8 consld8red material if. individually or In the aggregate, they could reasonably be 8xpected to Inlluence the economlc declslons of users13ken on the b88is of th888 flnanclal 8tatement8. Irregularltles, Includlng fraud, are instances of non-compllanc8 wlth18ws and regulations. We desi9n procedures in line wilh our responslbllltles, oulllned above, to detect material mlsstatements In respect of Irregularllles, Includlng fr8ud. The extent to whlch our procedures are capablé of dètecting irregularitles, Includlng fraud 18 detalled below: Based on our undersiandlng of the charStable company and the environment In whlch it operates, we identified that the prlnclpal rlsks of nonrycompliance wlth laws and regulatlons r8lated to social houslng, safeguardlng, employment and health and Safety regulatlons and charfty law. and we considered the extent to which non-¢ompllance might have a materlal effect on the financial statements. We also considered those laws and regulations that have a dlrect Impact on the preparation of the financial statements such as Include the Companles Act 2006 and the Charities Act 2011, and considered other factors Such as Income tax, payroll tax and sales tax. We evaluated management's Incentives and opportunities for fraudulent manipulation of the financlal stst8m8nts (Includlng the risk of override of contro16}. Audlt procedures performed by the engagement team Included: Inspecting Correspondence wlth regulators 8nd tax authoritles: Discussions with management including conslderatlon of known or 8USP8Cted instances of non-compliance wlth laws and regulation and fraud., Evaluating management's controls designed to prevent and detect Irregularit188: Identifying and testing joumals- Challenglng assumptlons and ludgements made by management in their a¢¢ounling eslimat8S' Assessmenl of Identified fraud risk factors., Page 6118
+ftifli+y Performing analytical procedures lo identify any unusual or unexpected relationships. including related party transaclions, that may indicate risks of matèrial mis51atemént duè to fraud,. Confirmation of related parties wlth manag8m8nt. and revlew of transactions thmughout th8 p8riod to identify any prevlously undisdosed transactions with r8la18d part18S Outsid8 the nornial course of business. and Reading minut8s of meetings of those charged with governance. Be¢aus8 of the Inherent limitations of an audit. th8r8 is a sk that we will not detect all irregularities. including those leading to a mat8rial misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a18w or regulation Is removed from th8 8V8nts and transactions r8flect8d In th8 financial stalemenls, as we will be18ss Ilk8ly to become awar8 of instances of non-complianc8. The risk is also greater regarding irregularities occurring due to fraud rath8r than error. as fraud Involves intentional concealment, forgery, collusion, omission, or misrepresgntalion. A further description of our responslbllitle8 for the audit of the financlal statements is located on the Financial Reporting Council's W8bsite at: www.frc.or .uklaudilorsres onsibililies. This de5CriPtion foms part of our auditor's report. Us• of our rèport This report Is made solely to the ¢harltabl8 company's m8mber8, 88 8 body, In 8¢cordance wlth Chapter 3 of Part 16 of the Companles Act 2006. Our audit work has b88n undertaken so that we might stat8 to the charitable company's members those matters we are required to stale to them In an Audito8 report and for no other purpose. To the fullest ext8nl p8rmitt8d by law, we do not accept or assume responslblllty to anyone other than th8 charilabla company and the charitable company's members as a body, for our audlt work, for Ihls report, or for the opinlons we have fonned. Lee Stokes Senlor Statutory Auditor For and on behalf of Haysmac LLP, Statutory Auditors Date: 10 Qu88n Str8et Place London EC4R 1AG Iqw Page 7118
+ftifli+y TRINITY ACTIVITIES STATEMENT OF FINANCIAL ACTIVITIES (In¢ludlng Income and Exp•ndltur• Account) FOR THE YEAR ENDED 31 MARCH 2024 Total Funds 2024 Totol Funds 2023 Unr¢5tr1rt•d R•>lrl(ted Fundi Fundi Unrestricted Fund5 Restricted Funds Nole Incom•from: Donatlons and lega¢les Charltable activities 135,888 500,660 135.888 500,660 155,678 475,868 2.813 158,491 475,868 Tot•1 Incoffle 636 541 631 $46 2,813 634,359 E¥pèndltyre on: R•l$lniJund$ 6,867 6,867 5,851 5,851 Ch•rltable •rtlvltl•i Ch¥ritable expenditure Total Exp•ndlture 742,085 742,085 748.952 604,509 610,360 2,813 2,813 607,322 613173 Net lexp•ndlturel/ Income 1112,4041 1112,4041 21,186 21,186 N•t mo¥effl•ntln funds IIZ,404 112,404 I 21.186 R•¢onclllatlon of lundi: Fund balance brou8ht forward.. li 146,807 146,807 125.621 125.611 Fund bil•nce C•frled forw•rd li 34,403 34.403 146,807 146,807 All of the charitable company'5 actlvltlès arè classed as contlnulng. There were no recognised gains or losses otherthan the result lor the year. The notè• number•d 1 to 16 lorm part ol th•$• fln•n¢l•l •t•t•m•nt•. Page 8118
+ftifli+y TRINITY ACTIVITIES BALANCE SHEET AT 31 MARCH 2024 Not• 2024 2023 FIM•d Aii•t$ Tan8lble A55ets 14,247 18,037 Curr•nt Ass•ts Debtors and prepayments Cash at bank and In hand 77,344 172 789 250,133 169,604 323,969 Cr•dltors: Amounts f•llln8 du• wlthln on•y••r N•tCurr•nt Aii•ts 174,131 293,010 Tot•1 •sieti leii ¢yrr•n¢ Il•blll¢l 188,378 311.047 Cr•dltori.. Amounts l•llln8du• after one y••r 9,10 1153,9751 1164,240J N•1 A•MtI 03 146807 In¢ome lund Unrestrlrted funds Total Funds 146 807 146 807 34,403 These financlal &tal8menls havg boon prep•rod In Jrdanc• wllh th• 8p•¢lal provl8lon8 for Small comp8nle8 under Part 15 ol the Companlg5 AGI 2006. These fingnclol gtalem•nls wore aulhorS$ed and approved for188ue by the dlreclors on 111h Novgmber 2024 ond 8re slgned on Ihelr boh8lf by.. John Hicklln Director and Twst88 Company no. 03683014 Page 9118
+(2ifli+y STATEMENT OF CASHFLOW ItR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash Ilows Irom operatlngacllvltles Cash generated from operallons 33,189 (248.443) Investlng actlvltles Purchase of tanglble flxed assets 14,5001 14,5001 16,310} (6,310) Flnanclngactlvltles Repayment of borrowln85 Nel cash used In Ilnan¢lng acllvltles 110,2651 10,286 2,050 2.050 Net Increase In ¢Jsh and cash equlvalents 18,424 (252, 703) Cash and cash equlvalents at the beginnlngof the year 154,365 407,068 Cash and cash equlvalents at Ihe end ol the year 172,789 154,365 2024 2023 IDeficitl/surplus for the year 1112,4041 21,186 AdJu$tments for: Depreciation charges Ilncreaselldecrease In trade debtors and other receivables (Decrease)ntrease In trade creditors and other payables 8,290 92.260 45.043 7,505 (65,206) (211928) Net cash generated from operailons 33,189 248.443 Analysls of cash and cash equlvalents 2024 2023 Cash al bank and In hand 154,365 407,068 Cash Inllowllouttlowl durin8 the year 18,424 1252,7031 Total cash and cash equlvalents 172,789 154,365 Th• not•s numb•r•d 1 to 16 form part of th•s• flnanclal stat•m•nts. Page 10118
+ftifli+y TRINITh ACTIVITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Attountlng pollcl•i Company Inft>miatlon' Trinity Acliviti8s is a charlleble Company Ilmlted by guarantee incorporatèd In England and Wales. The address of the registgred offic8 is given on the leg818nd admlnlslrativè information page. The nature of the charlty's operatlons and principal activiti95 are to provlde lobs In Ils lurnllurè shops, good quality. affordable furniture lo low4rK)Jrn famllles and the local community 8nd voluntary placements to local ag8ncies 8S 8 pathway to employment for dlsadvantaged peoplè. 1.1 Accountlno ¢onv•ntlon The financi81 slalemenls have been prepared In a¢¢ordance wllh Ihe charitable ryjmpany's gov8rnlng document, the Companies A¢1 2006 and "Accounllng and Reportlng ty Charltles: Statement of Recommended PraclSce applicable lo chari1195 prèparlng thelr accounts in accordance wllh the Financi81 R&portlng Standard appllcable in the UK and Republic of Ireland {FRS 102)" (as amended for accounling periods commencing from l January 2019). The charllable company a Public Beneljl Entity as defined by FRS 102. The financial slatem8nts are prepared In slerling. whlch Ss the functlon81 currency of thé charll8ble company. Monetary amounts In these flnanclal slalaments are rounde(I to the nearest £. The flnanclal Statements have been prepared under the hlslorical cost nventIOn, modified lo include the revaluatlon of freehold propertles and to Include investment propertles and ¢ertaln flnanclal Instruments al falr value. The prlnclpal accounllng pollcl8s adopted affj sel out below, 1.2 Golng ¢on¢•fn The charitable company Is not dependent on Ils parent company, Trlnlty Homele55 Projects, as11 Is generaling both gross and nel profits whlch enablé it lo meet all of Ils day-l04ay liabllllles as they fall du8. How8veT, there Is a long-lerm loan due to Trinity Homeless Projects whlch Is being repaSd In Inslalmenls. The Tru8taés conflrm that there are no fundamental uncertalnlles about the charity's ability lo pay d6bls as they f811 due for al least 8 ye8r from when the accounts ar8 $1gn8d and Iherefore the accounts have been preparèd on a golng concern basls. 1.3 Charltabl• fund• Unreslricled general funds- these ara funds whi¢h ¢an be used In accordance wlth the charllab18 oble¢l$ al Ihe dl$¢relion of the dirgQtor5. Reslricled funds -Ih8sa ar8 funds which can only be used for partlcular purpos8s within the obje8 of the group. Restri10n5 arise when speclfied by Ihe donor OT wh8n funds are raised for partlcul8r reslrlcled purposes. 1.4 Income Income Is recK)gnlsed when the Charty is18gally enlitled lo il after any perforniance conditions have been met, the amounts can be measured reliably, and it Ss more likely than not that income will be recelved. Cashdonalions are recogni5ed on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donatlons received under Gift Aid or deeds of covenant is recognised al the tlme of the donation. Legacles are recognlsed on r8ceipt or otherwise rf Ihe Charity has been nOtled of an Smpending distribution, the amount IS known. and receipt is expected. If the amount is not known, the legacy is Irealed as a contingent asset. Page 11 118
+ftifli+y TRINITY ACTIVITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEOI Gifts donated for résale aré induded as Income when they are sold. No amounts are Included In the financial statements for 6eNi¢es donated by volunteers. Other glfts in kind are included at their eslimaled value lo the charllable company al the tlme of receipt. 1.5 Exp•ndltur• Exp8ndilure 56 accounted for on an accruals basis, exclusive of VAT. Certain expenditure is directly attributable lo speclfic aclivllies and has been allocated to those cost categortes. Where these wsts are attributable to more Ihan one adivily. Ihey have been apportion8d to tho Sndivldual activlties on the basis of the tlmè spent by staff on mallers relaling lo those actlvilles. C8ntr81 support costs h8ve been allocated on the ba818 of resources used and have been apportloned to the cost centers of fundraising and publicity, indlvidual projects within charllable expenditure and gov8manc8 costs In accordance with the requir8m8nls ofthe SORP. Goveman¢e costs comprise all costs relating to the public accountability of the charitable Company and Its compliance with regulallon and good practice. These cosls include costs re18tlng lo the statutory audlt. 1.6 Tanglble Ilx•d ••••t• Tangible fixed assets 8re initially me86ured al cost and Subsequently measured al cost or valuation, net of deprèoatlon and any Impairment losses. Depreciation Is recognlsed so as to wrlte off the cost or valuation of assets less Ihelr resldual values ovgr their useful IIv8S on the following basls.. The galn or loss artslng on the disposal of an asset is d8termlned as the dlffer8n¢e betsv8&n the Sale proceeds and the carrylng value of the a5sel and is recognlsed In net incomelexpendilure} for the year. Leasehold improveménts Flxlures and fr'ttin9S Motor vehicles Over the remalning term of the lease Slraloht Ilne over 8 years 25Vo over 4 years Stock• Donated stock, comprising of furnlture donated from Individuals, does not have a value unlll sold. The Charltable company does r1 know how much they wlll sell the stock for until It is sold, and as they operate a rètail gift aid schem8 some of the stock in the shops belongs to Ihlrd parties. Therefore, It Is not praets'cal lo include a value for donated slock in the finanei81 statements. 1.8 Ca•h *nd ca•h •qulv•l•nt Cash and cash equivalenls Include cash in hand. dep0511s held al call wilh banl(s, olher short-lerm1Squld investments with orlginal malurilies of three months or lèss, and bank overdrafts. Bank overdrafts aré shown within borrowings in currenl 1.9 Taxatlon The charitsble company is a registered charity within the definitions of section 506(11 Income and Corwration Taxe5 Act 1988 and therefore it is nol assessable to corporation tax on any surplus charitable funds. 1.10 R•tlr•m•nt b•n•flt¥ The Charity operates a defined wnlrlbullon penslon scheme on behalf of its employees. The assets of the schemes are held separately from those of the charltsble company in independently administered funds. The annual contributions paid to bolh schemes are eharg8d againsl Income In the year to whi¢h they relate. Page 12118
+ftifli+y TRINITY ACTIVITIES NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1.11 Leaw4 Rentals payable under operating leases, Includlng any leasa incentives received. are charged as an expense on a straight-line basis over the tem of the rel&vanl18ase. 1.12 Debtors Trade a1 other debtors are recognlsed al the séttlémènt amount due after any trade dSscounl offered. Prepaymènts are valued at Ihe amount prepaid nél of any Ir8de discounts due. Accrued Income and lax retX*verable is included al the best eslimale of the amunls receivable al the balance sheet dale. 1.13 Crodl¢o Credllors are reco9nlsed wher8 th8 charlty has a present obllgatlon resulting from a past event Ihal will probably resull in the transfer of funds to a third party and the amount due to sellle the obligation can be measuréd or éstimaled reliably. Creditors are normally recogn188d al th8ir séttlemenl amount after allowlng lor any trada discounts due. 1.14 Judg•ments and kay •ourus of •#tlmatlon uncortalnty E$limales and judgèments are contlnually evaluated and ar9 based on hislorScal experience and other factors Ihal are believed to be reasonable under the circumstances. There are no significanl estlmates and judgements used In the preparation of Ihese financlal slatemenls. 2. Donatlons and le8acle$ Unre5trlcted Fund5 2024 Restrlrted Funds 2024 Total Funds 2024 Unrestrlcted Funds 2023 Restrlcted Fund5 2023 Totol Funds 2023 Donatlons and 8lfts Other Income 131,454 4,434 131,454 4,434 155,678 155.678 2,813 2.813 135 155,678 2,813 158,491 3. Ralsln8 funds 2024 2023 Advertllng Page 13118
+ftifli+y TRINITY ACTIVITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI 4. Charltable actlvltles Tolal Funds 2024 rotol Funds 2023 Support CO515 Dlrert costs Dlrect cost5 Support cost5 St•ff Costs Othercosts Shop costs Insurance Motor runnln8 costs Depreclatlon Admlnistratlve and offlce costs Auditor's remuneratlon Donation to TrSnlty Homeless Prolects- the Charltv Governance costs Bank char8e5 & Interest 343,003 273.718 55,688 9,992 26,605 8,290 9,241 8,846 343.003 273,718 55,688 9.992 26,605 8,290 9,241 8,846 303,916 183,923 54,983 10,059 28,211 7,505 9.128 6,500 303,916 183,923 54,983 10.059 28.211 7,505 9.128 723 5,979 723 5,979 462 2,635 462 2,635 735 383 6,702 742,085 604,225 3,097 607,322 5. STAFF COSTS 2024 2023 The average monthly number of employees durln9 the yejr was,. Irull tlm• •tsff member 2024 2023 Wages and salaries Soclal Security costs Pension expense 307,818 25,268 9,917 272,958 22.929 8,029 343,003 303,916 The dlrettors are consldered to be the key monagement of the charity and they recelved no remuneration12023.' Nil), together with the Senior Management Team of the parent charity. The Senlor Management Team are Munerated by the parent charlty and receive no remuneration from Trlnity Activities {2023.' Nil). Durfng the year no Trustees expenses We paid12023.. NII). There were no employees whose annual remuneratlon wa5 £60,1)00 or more (2023.. none). Page 14118
+ftifli+y TRINITY ACTIVITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI 6. FIXED ASSETS Leasehold Improvements Flxtures and Flttln85 Motor Vehlcles Total Cost orvaluatlon At l April 2023 Addltlons 43,265 4,500 10,597 4,380 58,242 4,500 At 31 March 2024 47,765 10,597 4,380 Depreclatlon At l Aprll 2023 Charge for the year 25,228 8,290 10,597 4,380 40,205 8,290 At 31 March 2024 33,518 10,597 4,380 48,495 At 31 March 2024 At3J March 2023 7. DEBTORS Amount falllng due wlthln one year: 2024 2023 Trade debtors Other debtors SHOC, Slough Homeless Our Concern (note 161 Trlnlty Homeless Projects Inote 161 Prepayments 18.578 3,620 49,835 18,660 4,115 50,000 91,531 5,298 5.311 169,604 Page 15118
+ftifli+y TRINITY ACTIVITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED} 8. CREDITORS: Amounts falllng due wlthin one year: 2024 2023 Trade Credltors Borrowings {notes 101 Other creditors Trinlty Homele55 Projects (note 161 Accruals and deferred Income SA34 10,265 11.649 30.616 18,038 10,265 1.592 18,308 76,002 30,959 9. CREDITORS: Amounts fallln8 due after onè year 2024 2023 Borrowin85 {notes 101 153,975 164,240 10. LOANS AND OVERDRAFrs 2024 2023 Loans from Parent undertakin8 164,240 174.505 164,240 174.505 Payable wlthln one year Payable after one year 10,265 153,975 10,265 164,240 On 2nd August 2010, the dlrectors of Trlnlty Actlvitles and Trinity Homeless Prolects, the parent company, agreed to convert the intercompany balance between the two charitable companies at that date into a lon8 term Interest free loan. The repayment terms of the loan are for repayments to be made In equal annual Instalment5 over a perlod of 27 years from 31 March 2014. The balance due more than one year is £153,97512023'. £164,240). Page 16118
+ftifli+y TRINifi ACTIVITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI 11.STATEMENT OF FUNDS Current Year Bolance ot I April 2023 Balance at 31 March 2024 Income Expendlture General Funds 146,807 636,548 748,952 34,403 Total Funds 146,807 34.403 Prior yeor Balance at I April 2022 8alance ot 31 March 2023 Income Expendlture General Funds 125,621 634,359 613,173 146,807 Totol Funds 125,621 634,359 613,173 146,807 12.ANALYSIS OF NET ASSETS BETWEEN FUNDS Current Year Tanllble Current Asset$l Assets LlabllStles Total General unrestrlcted reserves 14,247 20,156 34A03 20,156 Prlor yeor Tongible CurrentAssets/ A55et5 Liobilities Totol Generol unrestrlcted reserves 18,037 128,770 146,807 18.037 128,770 146,807 Page 17118
+(2ifli+y TRINITY ACTIVITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 20241CONTINUED) IJ.OPERATING IEASE COMMITMENTS At the reportin8 end date the Chaflty had outstandln8 commltments for future rninlmum lease payments under n0n-cance1lae operatln8 ase5, which fall due as follows.. 2024 L•nd and Bulldlni 2023 Othir Londand Other Wlthln one year wothin 2 to S years Over 5 ye)r5 36000 144,000 81,000 15,256 12,051 36,000 144,000 21,279 70,922 14.PENSION SCHEME The Charfty operates a deflned contrlbutlon pensSon scheme on behalf of It5 employees. The assets of the scheme are held separately from those of the group. At 31 March 2024 there were outstandln8 contrlbutSons of £4,32912023,' £1.5921 15. ULTIMATE CONTROLLING PARTY The ultlmate controlllng party Is Trinlty Homeless Projects, a company limited by guarantee re8lStered In En8land, number 06047635. and a reg15tered charlty, number 1118222, whlch is the sole member of the charltable company. Its prlnclpal actlvlty Is that of provldSn8 houslng to homele55 people. Con501idated flnanclal statements can be found on the Companles House webslte. 16. RELATED PARTY TRANSACTIONS No payments were made In respect of any dlrectors or thelr connected persons, At 31 March 2024, Trlnlty Actlvltles had a balance of £164,24012023'. £174.5051 payèble to Trlnlty Homeless Prole¢ts, the parent and ultlmate controlllng party of Trlnlty Actlvltles, whlch related to a lon8 term loan. There was also balance of É30,61612023: E91,531 owed by TrlnSty Homeless Projects) owed to Trinlty Homeless Projects due to an Èxtess In cash transferred for tran5actlons, expenses Incurred, management charge and donatlons whlch had ar15en in the year. Trinity Homeless Projects ralsed a management char8e of £265,04412023.' £170,936) to cover the cost of runnln8 Trlnlty Activities In the year. Thls amount Is shown withln administrative expendlture In the charltable expenditure note within the Trlnlty Actlvltie5 financial statements. SHOC, Slough Homeless Our Concern 5hare5 common Trustees wlth Trinity Actlvltles. Thls company15 not part of the group. At 31 March 2024 SHOC, Slough Homeless Our Concern, an assoclated company within Trlnity Homeless ProJects had a balance of £49,835 12022.. E50,0001 payable to Trinity A¢tlvitles. Page 18118