+Rifli+y Coftyany Reg5strallon Numb•r 03683014 Charlty Number 107WJ2 TRINITY ACTIVITIES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 +ftifli+y TRINITY ACTIVITIES FINANCIAL STATEMENTS FOR THE YEAR EMDED 31 MARCH 2025 CONTENTS Page Company Infomiatton DirgrAor¥' Report Independent Audltots Rep)rt Staternent of Financial Adivities BalanrA Sheet Cath Flow Statement 10 Notes to Ihe Flngn¢W Ststemenls 11 +ftilli+y TRINrrY ACTMTIES COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 202S Reglstswqd Charity Numb•r 1075692 Company Numb•r 03683014 Dlrectorg J Cannon J Davies (￿)pOInted on 11 November 2024., Resigned on 24 March 2025) D Jones {AppointwJ on 11 November) F Garrod (Reslgned 14 June 20241 R D Kay (Chalr} R Odedra Ivlce Chalr) J Shepherd14)polrrted on 11 November 2024> R Waiie cOm￿nY Sgcrètary S Hedlty R•glst•T•d Office Trfnity Activities Redford Hou#e Redford Way Uxbridge Mlddlesex UB8 1SZ In(J•pendent Audltor Dux A(fvisory Lwnited Chortered AcrK)untant8 a Sl8tLrtory Aud￿Or5 Kennel Club House Gotehouse Way Aylesbury Bu¢klThJhamshire HP198DB 84nk•rs Barclays Bank PLC Lelcester. Lei¢estwshlr8. LE872B Page 1 118 +ftifli+y TRINITY ACTMTIES DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Dltethrs present Iheir report 8nd ffinandal statwnffits for the year ended 31 Math 2025. The finandal slatements have been prepared In act￿rdanCe wth the aco)unting wlldes set out Sn note 1 to the financ4al stsknents and o)mply with the Chaws govemlng document. the Companies Act 2006 and AwJnting and Repordng ty Charltles: Statement of RecKJmmended Practi￿ appli¢able to charllles preparfng their accounts in aeLordance w￿h the Flnan¢ial Reporting Standard appllcable In the UK and Republic of Ireland IFRS 102) effective 1 January 2019. Obfvctlv•8 and •ctlvllle8 Trfnlty A¢livifjès ts a charltable ￿rnpanY limited by guarnntee, of ￿fj¢h Trlnlty Homeless PrO1￿ts ITHP) 15 the sole member. The charllable o)mpany was sot up to provlde supported employment and training for people who are sodalty ex¢ludgJ. Public benefit In accordan¢x the above objectives for thls year, and with due regard to the publlshed Charity Commission guidan¢e on the ¢)peralion ofthe Public Benelll requlremenl ol the Charities Act 2011, the Dlreclors have undertaken approprfate actlvltles In furtherance of those aims for the publi¢ benefit Thls yearfs actlvllles. athievements and fijture plans are summarSsed below. Volyntoars During the financial year there were on average tsvelve volunteets who were malnly resldents of the parent ￿mp8fty. T￿nIty Homeless Projects. Volunteering was either at the Hayes or Uxbrfdge fvmlture Shop. Volunteers provided customer Serv[￿ support. assembled and built fumlture and acted as support to drivers who delivered gotNJs to customers. Total volunteers, hours were approxlmatdy 5,128. Volunteers, travel and lund) were relmburs&J at a cost of 0£7.3k. AchIe￿￿nts and pèrformanc• Rlsing Through tho Challenys Thls year has not been easy. Perslstent gaps in the team. and Ihe daily pressures have bew fett in every part of our operations. At times. perfO￿ance dipped and enw9y felt Ihin on the ground. Despite the operatlonal slraln. our team has shown extraordinary dedI￿tIOn, our splrfl has not wavered and our results show IL Holdlng the Llno We operate a triple bottom line. envlronmentsl, sodal and flnancAal. We have le￿ded 378 tons of fumiture this year. reduclng emlssions through savlng 1.021 tons of C02- equivalent to heating 378 houses for a year. We provkle low cost fumlture for kncal people and fumishlngs for Trfnlty Homeless Projects 100 propertles. 20% finandal cA)ntribution toward$ Trinity H￿melesS Projects charitsble overheads. While income was down, careful l)udgetlng meant we slayed on tar98t overall. We acted swrftly to address issue$ wilh Gfft Ald, van checks, and communicattons, and they are now fimily back on track. Even while fo¢)Jsing on recruitrnent. we have kept our gross surplus ar￿ o)ntrftsJllon to cha￿ty overheads rfsing. This is what resllience looks Ilke. adapting and believing in our ablllty to succeed, even %then the odds are staL*ed agalnst us. Investing in Our People We know that th8 biggest challenge thls year has been balanryng the wellbelng of Ihe Sndlvklual wlth the wellbeing of the team. When indivldual members are supported and heallhy, the team be￿Me$ more reslli¢nt and productlve, and that o)Ilectfve SUc￿S mtes a better environment for every person to excd- a virtUOUS Cifcle. However, Whe￿ sabbaticals, annual leave and secondments create gaps, these put pressure on the team to contlnue to achlevfr results. Maybe part of the balancing act is to faotor in a rtrjuction In expectstton that rellects Ihe r￿￿￿10n of the team; thereby r￿u￿n9 pressure on the team as a whole. Thbs would then b& the true o)st ofwellbeing. Page 2118 +ftifli+y TRINITY ACTIVITIES DIRECTORS. REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A Financlal Foundatlon tor Growth Op8rational turbulence has not slopped us bulldlng financial strength: Cash balan¢8 at 31 March 2025 was 2.4 times hlgher than lasl year. The reserves policy was unmel by 4%, helped by the strategic c8n¢ellation of long-temi debt from THP and even after offsetting an eady deficit. Trlnlty Activities Glosed the year wlth a surplus of £123k. Our currenl Cash remalns buoyant. giving us space to rewil. recover, and rene•Y. Thls solid f￿lIng glves us room to focus what matters most: our pwle. Futyr• plans L.ooklng Ahead wllh Courage Thr￿￿ every ohallenge, one truth remalns.. what we do changes Ilves. Every ton offumlture rewded. every Item sold. every donation recelved supports the mlsslon of Trfnity- ending homelessn8ss. We cononue to develop and le8m - customer feedba￿ shows parking issues affect visits to the Uxbddge Store, and Gift Ad is stlll below target and we are Ilslening. inngvaling, and adaptlng. Our people ar8 our sirength, and wlth new recruits joining, renewed energy in our teams, and a stable finanual base behlnd us. we are ready to rise higher. Because of the unwavering commStsment of our people, we are not Sust weathèring this slom- we are bulldlng something stronger beyond it. Financlal revlow The statement of fin8rHxal acUvI￿eS shows a surplus for the year of £123,214 (2023: £112.404 deflcltl. Al 31 March 2W25, total funds were £157,617 In Surplus {2024'. £34,403). Golng Concern The Tnjstees have a reasonable expeGtstion that the charity has adequate resources to contlnue Sn operational èxi$len¢e lor the foreseeabl8 fvlure. For this reason, they contlnue to adopt the going crJncem ba81s In preparing the financial stalements. Further detalls regardlng the adoption of the golng concem basis can be found In the ¥tr￿untIng wllctes. R•sor¥es policy The dlreclors have revlewed the charitsble company's needs for reserves In Ilne wlth the guidance Issued by the Charity CommissSon. They have estsbllshed a poliw whereby the free reserves Ilhat Is those reserves not invested In fixed assets or designatsd and restri¢ted frJnds) held by the Charitsble company should be equal to 12 weeks general operatSng c￿19. This equates to approximat$ly £164,208 In general funds and this target was not achleved during the finandal year. However, it shoukl be not￿ thal an Inter￿mpanY loan ba18nca of £164.240 with the parent company was written off durfng the financAal year. as authorised by the Board of Truste¢s and thls means Trinity Activiti88 is solvent to operate. Risk revlow The Senlor Management Team revlews the Risk Mitigation Plan monthly and report to the Board on this quarterfy. The malority of the income comes from sales in the charfty shops. There Is a relianGe placed on people donating large items to the shops. Should thSs slop or reduce this 11 have an impact on the Income. In order to MI￿get9 this risk. we stockpile some of the don8led Items so that the shop Is not empty In d¢)wn times. There have also been fundraising days, and events and we hope to conttnue wlth these. Another tsk for the tharity is the Increaslng o¢mp8titlon due to new entrants Into the market. Thi5 may lead lo us loslng Custome￿ to these compebtors, which would reduce the ints)me o1th8 charity. To mlllgate this risk, the directors monltorthe rnarkelto note anyslgnlficant¢ompetition and are prepared. if necessary. to adjust the staffing Structu￿ in line wlth the ojrrent market condltlons. Slru¢turg. governanco, and management The dlrectors of the tharitable company, who ar8 directors for the Pu￿9¢S of company law and tNst8es for the purposes of charfty law. who served durfng the year and to date were: J Cannon J Davtes (Appolntsd on 11 November 2024., Reslgned on 24 March 20251 D Jones (Appolnted on 11 November 2024) F Garrod (Resigned 14 Junfj 2024} R D Kay (Chalr) R Odedra IVir£ Chairl J Shepherd (Appointwj on 11 November 202411 R Walte Under Ihe Arfjdes of As$ocialon, directors are lo be appoSnted by Trinty Homeless ProjeGts (THPI. THP Is Ihe sole Tnernber of the charitsble ttjrnpany and may have a liabllity ot £1 In the event of the charitsble company belng liquidated whilst it Is a member or withln one year of It ceasing to be a member. Page 3118 +ftifli+y TRINITY ACTMTIES DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Directors have confinned Ihat they have an awareness and urtsjerstanding of their *al respongbflities a5 swnmartsed In Ihg NVCO publ¢Btion, Tre 12 Essentiaj Board Responskni16tieg" their Iralnlng ne8d¥ are kept urKler review accordingty. DIre¢l0￿ have dekg8ted day lo day marwgpm¢nt of the charltable compary to Steve Heilley. WIKI provhjes a written report to each m••tfir¥ of ts ￿1[ectors. whK* are hehj approxlmatety quarterfy and Is also In wubrcont￿￿lth threctors t*lween meetings. Appoltttsnert of drect( Trinity pdivib.es usu8lly ha5 UP to elghtTnths. The rec¥uitment iyvceB5 15 by the Ch8ir of TnBtees and ove&￿en by the chi￿ Executive orrKer ICEOI. Thé Board bJenlIfi￿ Ihe sk1115 wh￿h it needs vAlhin it, and then aCt￿eTry sÈeks wrth Ihese sknlls to appty to becoma a Tntstee of the charity. CaThthdates 8te required to oJmp*le an application forn setlkng out detwls at￿ t￿mselveS and Iheirsuitability forTTLTteeship. These applical1onsa￿ treated on a con￿e￿I￿al basis. reviewed bythechairof TnJ*esaThJ theCEOan(I matd￿dagaknSIthe skiuscriieria eslablished bythe Board. Prospecbve TnBtees are irtvit￿ to attend a numberof Board Mee11￿j$ as an observer. Dlrectots'ts¥lnlng Because poor govemanrk rmts than leaming to gDvem well, the Board irN¢sls in its sKWem￿C* ¢apaclty. Tr8lning and rev train1￿j ts used to oriant new mernbers as ￿11 os Increase existiny n￿nbers. skills and uThSerstandings. Both Chair and Vice Chair rEceive speci trai￿ng rogwding chairing meetings and th8 Board alterKI an annual day away. Ou1s￿le Monitoring assistsnce is also 8rTrnged so Ihat th& Board Can exerciseo)nfidenteJ)nlrol 0verorganisg1b￿al pErfo￿lanCe. Includiffj but not limit&J tofw81 aud￿1. Mechanismssreusedtoensure the Board$ abilty to listen to the benefKiarl8s' visbwoints and valuès. GovemarKe costs are prudent though not •t the expense of endgngering the development and maintenance of syriorcapabSlEty of th8 Board. Staten￿t01 dlTgCtors' reBponslbllid•s Th8 thr¢¢lorn, whoalso vA8stwst8esforth• charitable actI￿t￿S01TrI￿tyAclI¥lI￿$, are resp)nglblefN weparkng th8 Directors. Reportandth&finanrxl slatomgnls in ￿cOrdan￿ wlth arpltcable law and Unttwj King￿ Accountirwj Stsndards (Unw Klng(h)m Generalty A¢￿pted Accountlng Pwtice). Company Law requlres Ihg directors to prepare financial statemenls for each fIna￿la1 year which give a true and falr vw ol the state of affalrn of the Chorlty and of the Ir￿OmIng r¢sources and apF4lcalion of re80urces. O￿lUdIng the inttjme and axpgndthre, of the charItsb￿ company forlhat year. In preparthg thgse financial statements. the directorsare wulred to.. - Select suitable aceouniing poI￿leS aThJ Ihen appty them consLstfjnty, - ObseNe Ihè methods and pn"nciples in the Charittes SORP. - Makg juth3ements and eslunates that a￿ rè950￿bIeand wdent: - Preparethe finarKial statemenis on th8 goirwj concem basls un￿sS li is inappro[*￿ts to presume thalthe Chailtywin continue In 0par8t1￿. The directo￿ are responsib* for keeping adequa18 accounting recith that dlsclose wlth re8sonable accuracy at any tirne Ihe fina￿1￿1 P￿rtIon of the Chwity and enab￿ th8rn to er￿Te thai the finarKial stslements with the Companres Act 2006. They are also resportsible for 58feguardiThJ the assets of Chaiity and heFKe for takiThJ reason￿1& steps for the preverTrtK￿ end detection offraud other irregularit￿. Audlknr In accordan￿ wilh the ￿jmpanrfS arti(*s. a resolubon proposing that DUK Athisory Limit￿ be reappointed as aLxlitor of the comp8nywill te put at a General Meetiffj. Dlkdosureofhkntlon to audltor Each ofthe directors has confkned Ihat there is no infomialitin ofwhKh they S￿ 4w8re vthtch is re￿an1 to Ihe but of wh￿h the auditor is unaware. They have fvrther confinned that they have tsken appToprlat• steps to ijentfy such relevanl inFOm￿tion ond to 88tablish Ihat the audftor i aware of suth infomiation. The D￿￿torn, reptytwas aFwived iry thè Board of Dlrfors. Kay (Chair} Dats.. 3rd November 2025 Page 4118 +ftifli+y TRINITY ACTMTIES INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 IAARCH 2025 Oplnlon We have audited thefinancial statements ofTrlnlty Activities forthe yearended 31 March 2025 which ￿MpriSe the Statement of Flnanclal Activities, the Balance Sheet, the Cash Flow Slalement. and r￿te8 to the financial statemenls, including a summary of significant accounting policiès. Th8 financial reporting framework that has been applled In Iheir preparation is applicable law and United Kingdom Accounting Stsndards. including Financial RepK)rtlng Stsndard 102 The Finanual Reporting Stsnd8rdapplicablè in Ihe UKand Republic of Ire18nd {Unlled Kingdom Generalty Accepted Accounting Practice). In our opinlon. the financial statements: give a true fair view of the state of the charitsble company's affairs as at 31 March 2025 and of the Charitsble company's nel movement in funds. including th8 income and expendilure. for the year then erKJed; and have been properly prepared in accordance wilh United Kingdom Generally Accepted Accounting Practice., have been p￿pared In aC￿[danCe with the requiremènts of the Companies Aci 2006. Basls for opinion We conducted our audit in acwrdance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilitiès under those standards are further described in the Auditorfs r8sfA)nsibilities forthe audit of the financlal slalements sectlon of our report. We are Sndependent of the charitable company in accordance with the ethical requSr8m&nts that are relevant to our audit of the financial statements in the UK, in¢ludlng the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitss In accordan¢e wilh these ￿qUIreMentS. We ￿lIeVe that the audll evidence we have obtained is sufficlent a￿1 appropriate to provide a basis forour opinion. Conclu8lon$ relaling to going concern In auditing the financial statements, we have concluded that the trustees. use of the going concem basis of accounting in the preparallon of the ffinancial ststem8nts is approprlate. Based on the vnrk we have perfomied. we have not identrfied any material uncertalntles relating to events or conditions thal, indfvldually or collectlvely. may cast signtficant doubt on the ¢harltable cnmpany's abiltyto continue as a going concern for 8 P8ri0d of at least ￿1ve months from when thè financial slalements are authori58d for issue. Our responslbillt18s and the responsibilities of th8 trustees wlth respeci to going concem are described In the relevant sections of this report Other Inforniatio The trustees ar8 responsible for the other information. The other infomption ¢omprises th8 information Included in the Trustees, Rewrt. Our opinion on the financial statements does not cover the other information and, except to the exient othenvise explicitly slated in our report, we do not express any fomi of assurance con¢luslon Ihereon. In connecllon th our audii of the flnancial ststements. our responsibility is lo read the other inf0m￿tIOn and, in doing so, consKler whether the other infomption is materially inconsistent wllh the financial statements, or our knowledge obtained in the audit or otherwise appears to be materialty misstated. If we identify such material inconsistencles or apparent material mlsslalements, we are requlred to detemilne whether there is a matèrial misstatement in the financial statements or a material misstatement of the other infom)ation. ff, basgj on the work we have perfomied. we conclude that th8re is a malerial misstatement of this other infom)ation. we are required lo report that fact We have nothlrwJ lo report in this regard. Oplnlon• on other matters pro8¢ri￿d by the Companles Act 2006 In our opinion. based on the work undertaken in the course of the a￿161. th8 information glven in the Trustees, R6port (whlch includes the directors, report prepared for Ihe purwses of wmpany law) for the finandal yearfor which the financial statements are prepared is ¢onsistent v￿th th8 financial ststements; and th8 directors. report included within the Trus188s' Report has been prepared in accordance wlth appli¢able legal requirements. Page 5118 +ftifli+y TRINITY ACTIVITIES INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 MARCH 2025 Matters on whlch are roqulrod to rgport by ex¢epllon In the ligm of the knowledge and und8rstandlng of the ehariiabl8 wmpany and its environment ol)tsined in ts cours8 of the audll. we have not identifigj material misstatements in the Trustees. Rewrt (which Incorporates the directors, r8rort). We have rKithing to r8FQrt In respect of the followlng matters in relatv)n to which the Compani8s Act 21x6 requires us to repjrt to you If. In our opinion: adequate accounling reo)rds have not been kept by thè charftable company: or the charitable company financlal ststements are not In agreement with the accounllng records and retums" or certain dis¢bsures of trustees. remuneration Sp￿￿￿j by law are not made: or we have not recelved all th6 informalion and explanations we require for our audiL or the trustees wer8 not entitled to prepare the financSal statements in aC￿rdanCe with the small companles, regime and take advantage of the Small ￿MpanieS, exemptions in preparin9 trustees, r6pJrt and from the requirement to wepare a strategic rewrL R¢$ponsibiliti08 of Ir￿teeS for the financlal statements As explalned more fully in the Statement of Trustees, Responsibllftles statemènt set out on page 4. the trustèes (V￿ are also the directors of the charitable company for Ihe purpxes of company law} ar8 reS￿nsIble for the preparation of the fina￿181 ststements and for belng satisfied that they give a Iwe and fair view. and for such intemal control as the trustees deterrrHn8 ts necessary to enable the preparation offinancial ststements that are free from material misstaten*nl. whether due to fraud or error. In preparing the financial statements. the trustees are responslble for assesslng the charitsble company's ability lo ￿ntin￿ as a going concem, disdosing, as applicable. matters relaled to going concern and using the going ￿nCern basis of acwunting unless the trustees elther intend to liquidate the ¢harllable company or lo cease operations, or have no realistiG altemative but to do so. AudIt0￿8 rèsponslbllltle8 for tha audit of the financlal statements Our objective8 are to obtain reasonable assurance atr￿ut whether Ihe financial statements as a whole are free from matertal misslatewEnt, wh8lher due to fra￿1 or error, and lo Issue an auditor's report thal Includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted In accordance wilh ISAS (UK) will always dètèct a material misstatement vthen it exists. Mlsslatemenl$ arise from fra￿1 or error aThl are consldered material if, indivldually or in the aggregate. they coukl reasonably be expected to Infiuence the economic decislons of users taken on the basis of these financial ststements. Irfegularilies, incI￿1ng fraud, are Instances of nOn-￿mplian￿ wlth laws and regulat￿InS. We design procedures In line with our responsibilities. outllned above, to delect material mSsststements in resped of Irwularities. including fraud. The exÈent to which our procedures are capable of detecting IrregLtlarilies. induding fraud Is detailed b81ow: Based on our understsndlng of Ihe charitable company and the environment in which it operates, we identlfied that the principal rfsks of nonrycompllance with laws and regulations related to social ￿usIng. safeguarding, employment and health and safety regulations aTr charity law, and we ￿nSIder•I the extent to which nonunts can be measured reliably, and it is nv)re likety than not that in(x)me will be received. Cash donations are recognlsed on receipt. Other donations are re(%JgnisgJ oncelh8 Charity has been notrfied of the donation, unless performance eondilions require deferral of the amounl. Income tax recovèrable In relation lo donations received under Grft Aid or deeds of covenant is recognised at the tim8 of the donation. Legacies are recognlsed on receipt or otheTwise rfthe Charity has been notified of an Smpending distribu￿n. the arrDunt is known. and receipt Is expected. If the amount Is not known, the legacy is treated as 8 contingent asset. Page 11 118 +ftifli+y TRINiff ACTIVMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 20251CONTINUED) Gifts donatéd for resale are Included as income when thèy are sold. No amounts are included in the financial ststements for services donated by volunteers. Cxher gifts in kind are incl￿ed at thelr estimated value to thè charltable company at the time of receipt. 1￿ Exwiditure Expendltur8 Is a￿OUnt￿j foron an accTuals basis. exclusive of VAT. Certain expenditure is directly attrfbutsble to specific acliwties and has been allocatsd to those cost categorles. IAlhere these costs are attrfbutable to mre Ihan one activty, they have been apportioned to the Indlvldual activities on the basis of the tlme spent by staff on matters ralating to those activities. C8ntr81 SUPPDrt costs have been allocated on the basis of re$our¢es used 8nd have been apportioned to the cost centers of fundraislng and publicity, individual prol8Cts within charitable eX￿ndItUre and govemance costs In accordance wlththe requirements ofthe SORP. Govemance costs comprise all costs relating to the publ1¢ ac￿Untabl1itY of the charitable company and ils compliance wlth regulation and good practlce. These costs include costs relating to the statutory audit. 1.6 Tanglble fixod assots Tangible fixed assets are initially measured at cost and subsequently m8asured at cost or valuation, net of depreciation and any Impaimient losses. Depreciation is r￿gnISed so as lo write off the cost or valuath)n of assets less their residual valu8s over their usefvl Ilves on the following basis.. The gain or loss adslng on the disFosal of an a558t is detemilned as the difference between the sale proceeds a￿1 the ¢8rrying value of the asset and Is recognlsed in net 1r￿me/eX￿nd1Iura} for the year. Leasehold improv8ments Over the remaining term of the lease Flxtures and fittings Straigm line over 8 years Motor vehicles 25% over 4 years 1.7 Siocks I￿nated stock. comprising of fumiture donated from indivlduals. does not have a value until 501d. The charltable company does not know how much It wlll sell the stock for until it is sold. and as li operales a retail grft aid sch6m8 som8 of th8 Stock in th& shops belongs to third parties. Therefor8, it is not pr8Ctlcal to include a valu8 for donated stock in the financial statem8nis. 1A Cash and cash •qulvalont Cash and c4sh equivalents include cash in hand, deFosits hehj at call with banks. other short-temi liquid investments with original maturitses of Ihree months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilltles. 1.9 Taxatlon The ¢haritsble company is a registered charity wthin the definitions of section 50611) Incfjme arKI Corporation Taxes 1988 and therefore It Is not assessable to ￿T￿ration tax on any surplus charitable funds. The charity is registered for VAT and the registrallon number is: 726526233. 1.10 Rgtlromont b•nofrts The Charity operat8s a d8fined wnlrlbution pension scherne on behalfof Its employees. The assets of the schemes are held separately f￿M those of the charitable company Sn Independenuy administered funds. The annual COnt￿butionS to tx)th schemes are chargwj against income in the year to vthlch they relate. Page 12118 +Rifli+y' TRINITY ACTIVITIES MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.11 Loases Rentsls payable under operatinglgases, including any lease Incenlives re￿Ived. are charged as an expense on a stralght-line basis over the term of the relevanl lease. 1.12 ￿btorS Trade and other debtors are recognised at the settlemènt amount due after any Irade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. AccnBd income and tax recovewble Is Included at the best estimate of the amounts receivable at the balance sheet dale. 1.13 Credllors Creditors are recognised where the charty has a present obligation resulting frorn a past event that will probably result in Ihe transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are nomally recognised at their settlement amount after allowing for any trade discount5 due. 1.14 Judgemonts and key sources of estlmatlon uncertalnty Estimates and judgements are continually evalu8ted and are based on historical experience and other factors that are believed to be reasonable under the circumstsnces. There are no significant eslimates and judgement5 used in the preparation of these finand81 statements. 2. Donatlons and 1ogacle8 Unrestricted Funds 2025 Totsl Funds 2025 Unre$triGted Funds 2024 Total Funds 2024 Donations and gifts other Income 111,901 165.466 111.901 165.466 155,678 15&678 2.813 277,367 277,367 155,678 158,491 3. Ralslng funds 2025 2024 Advertising 8,577 5,851 Page 13118 +ftifli+y TRINITY ACTIVITies MOTES TO THE FINANCIAL STATEUEMTS FOR THE YEAR ENOED 31 MARCH 2015 (CONTINUED 4. Ctharltsble actlvltles Totsl Fund5 Total Funds 2024 Support costs Dirert costs Direct CL￿ 5upportcosts Staff costs Other costs Shop cost5 Insurante Motor runnin8 Costs Depredatlon Admlnlstratlve and office costs Audito￿5 ￿M￿neratiOn Govemance costs Bank charges & interest 377,191 145,278 68,107 11.632 19,639 7.016 7,095 9,6S2 STI,191 145,278 68,107 li￿32 19ffi39 7￿16 343,￿3 273.718 55,688 9,992 26.605 343,003 273,718 9,992 26,605 8290 9.241 9,241 369 2.274 723 5.979 723 5.979 2274 645.610 648.253 735.383 6.702 742,085 5. Staff costs 2025 2024 The average mMthly number of employees durir4J the year was: Full time st•ff membor io 2025 2024 Wages and salaries Social Security costs Pension expense 334,800 32,387 io, 307.818 25.268 9,917 377.191 343,003 The dlrectors are Cor￿ldered to be the key managemert of the d)arity and tlw re￿1Ve(l no remunerdtion (2024.. Nil), together wlth the Senior ManagementTeam of the pa￿nt tharity. The Senior Management Team are remunerated by the parent (harity and re￿1ve no ￿Muneration from Trinity Attivities (2024: Nil). During the year m Trustees expenses were paid {2024: MI). There were no employees whose annual remuneratlon was £fJ),l)00 or more (2024: n￿￿). Page 14118 +ftifli+y' TRINITY ACTIVITIES NOTES TO THE FINANCIAL STATeMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED 6. Fixed assets Leasehold Improvement Fixtures and Flttings Motor Vehlcles Total Co81 or valuatlon At 1 April 2024 Addilions 47.765 10,597 4.380 62.742 At 31 March 2025 47.765 10.597 4,380 62,742 Depreclation At 1 Pprll 2024 Charge for the year 33.518 7.016 10.597 4,380 495 7.016 At 31 March 2025 40.534 10,597 4.380 54511 At 31 March 2025 7.231 7,231 At 31 March 2024 14.247 14,247 7. Debtors Amount falling du• wlthln one year: 2025 2024 Trade debtors Other debtors SHOC, Slough Homeless Our Concern (note 18) Prepayments 34521 2,077 18,578 3, 620 49,625 49. 835 7,106 4311 93,329 77,344 Page 15118 +ftifli+y TRINITY ACTNITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {CONTINUED) 8. Creditors: Amounts falling due wllhln one ygar: 2025 2024 Trade creditors Borrowings (note 10) Other creditors Trinty Homeless Projects (note 16) Accruals and deferred incom8 5,382 5.434 10,265 11,649 30,616 18.038 9.156 294741 352.512 78,002 9. Crndltorn: Arnounts t￿lIng duo aft•r one year 2025 2024 Borrovkngs {note 10) 1&3,975 10. Loan$ and 0￿rd￿lts 2025 2Q24 Loans from Parent undertaking 164,240 164,240 Payablg Within onè J*ar Payable ¥ftgr on• ￿ar 10.265 I￿,975 On 2nd I￿gust 2010. the dkector5 of Trinity and Trinity Hom8l•ss Projects, the parent company, )gro9(I to con*rt thè int8rcon¥Jany balance beh¥een the ¢wo charitable companias at that date into a long terrn Intere51 free loarb. Th8 rspayment temis d the loan are for r8payTnent5 to be made in equal annual inst81m8nts o¥er a period of 27 years from 31 Nknch 2014. On the 241h Mar¢h 2025, thè Board of flrectors of Trfnlty HOM81￿ Projects agre￿ to wite off th8 Outstanding loan balanc• of £164.240 to Trfnf(y ￿tl￿ties. The Board of of Trinity H)m8less Prolects are satisfi?d that the rharilablty ¢bjècis of Trkn6ty fv£tfvltles align with Trinty Hornglgss Proj•cts and that ¥wltlng off the loan 18 in lh• best Inlorest of the CharKable Group. Page 16118 +ftifli+y TRINifi ACTIVITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 20251CONTINUED) 11.Statsment of funds Current year Balance at 1 April 2024 Balance at 31 Income Expondlture March 2025 Ganoral Funds 34,403 780,044 656,830) 157.617 Total Funds 34.403 780,044 { 656,830) 157.617 PriLYyear Balance at I April 2023 Balance at 31 Income Expenditure March 2024 General Funds 146,807 636, 548 748,952 34,403 Total Funds I46.￿7 636, 548 748.952 34.403 12.Analysis of net assets between funds Current year Currant Tangible A8$0ts1 Assets Llabllltlas Total General unrestrlcted reserves 7.231 150,386 157.617 7,231 150,386 157,617 PTioryear Current Assets/ Llabililies Tangible Assets Total General unre8triGt8d reserrfes 14,247 20,156 34,403 14,247 20,156 34.403 Page 17118 +ftifli+y TRINITY ACTIVITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) IIOPERATIMG LEASE COMMITMENTS A Ihe reporiirsg end dal¢ Ihtr Charity had outstanding commitsnent5 forfuture mininum l•ase paymènts under 41on4ancellable operating leases. ￿1¢h fall as follo￿.. 2025 Land and Bulldlng 2024 Lond and BulldirttJ Wmhln one within 210 5 Over 5 years 51,1)00 1S3,OCKJ 21.279 70.922 144,OCQ 204,0011 104540 270.000 92.201 14.PENSION SCHEME The Ch8rfty operates a defined contribulion pension schane on bthalf of ts employe6s. The assets of the sc*eme are held separately from those of the group. At 31 Marth 2025 there were outst8ndlng contrfbutJon$ of £1.595 (2024: £4,329). 15. ULTIMATE cOr￿ROLLING PARTY The ullimele ￿ntrollIng party is Trfnlty H¢ynel&q8 Prrfjecis. a company limited by guarantee reglstered In England. number LW47635. and a regIStw￿ charity. numbw 1118222, which is the sole member of the charii8ble company. Its prinapal activiiy is Ihat of promding housing to homeless people. ConsdIdat￿ finanaal stat￿ents can be found the Comp8nles House websike. 16. RELATED PARTY TRANSACTIONS No payments were made In respeca of any directors or their f))nnected persons. At 31 March 2025, Trinity Actmties had a balance of £NII (2024: £164,240) payable to Trinity Homeless Projects {THP}, the parenl and ultimaté eontrolllng paty of TrinKy Adllities, which related to a long temi loan. The Board of Trinity Homdess Projects (THP) ￿Teed to wrlte off the loan at the ￿ld of March 2025. There was a balance of £294.741 (2024: £30,616) owed to Yrinlly Homdess Pr￿￿ due to an eX￿S in cash transkn for transacllons. eypenses incurred, management charge ￿lch had arisen in the year. Trfnlty Homeless Projects raised a management chaTge of £135.8￿ (2024: £265.044) to cover the CA)St of running Trinity Ac*l￿tIeS in the year. am￿nt is shown ￿thin administ￿live e4)enditure in the tharftable eXp￿ditUre note thin the Trinily Activibes finan¢ial $￿t￿ents. SHOC, Slough Homel8s5 Our Concem shares common Trustees with Trinity A￿1￿¢19&. Thls company Is not part of the group. At 31 Marth 2025 SHOC, Slough Homdess Our Concem. an assocIat￿ company wlthin Tthlty Homeless Projects had a balan￿ of £49.625 (2024.. £49,835} payable to Trinty ￿£ts￿les. Page 18118