Company registration number.. 03722790 Charity r¢bTlStration number.. 1093016 Lancaster & District Homeless Action Service Limited {A company limita by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2024 Harrison Salm(x] Associates Chartered Accountants & Registered Auditors Suite 21 Chorley Business & Technology Cenir¢ East TerraL Euxion Lane Chorley PR7 6TE
Lancaster & District Homeless Action Service Limited Contents Reference and Administrative Details Strategic Report Trustees, Report Statement of Trustees, Responsibilities Independent Examiner's Report 5t06 Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9t019
Lancaster & District Homeless Action Service Limited Reference and Administrative Details Trustees Mr Mark Whiteman Mr Lee Dudding Mr5 Anne Allison Mr Richard Parker Taylor Mrs Pauline Howard Ms Mary WThitfield (appointed l March ?024) Secretary Mr Lee Dudding Principal Office 2 Aallx)rg Place Lancaster Lancashire LAI IBJ Registered Offic¢ 2 Aalborg Place Lancaster Lancashire LAI IBJ The charity is Incorporat in England. 03722790 Company Registration Number Charity Registration Numbtr 1093016 Bankers HSBC Lancaster 35 Market Street Lancaster LAI IJQ Independent Examiner Harrison Salmon ASSlateS charter Accountants & Registered Auditors Suite ? I Chorley Business & Technology Centre Easi Terrace Euxton Lane Chorley PR7 6TE Page I
Lancaster & District Homeless Action Service Limited Strategic Report for the Year Ended 31 March 2024 The trustee& who are direclors for ihe purposes of compan). law. present their strategic report for ihe year ended 31 Marth ?024. in wmpliance with 5414C of the Companies Act 2006. Financial review Polic) on reserves The Trustees believe that Lancaster Distrid Homeless Actions (LDFL4S) should hold financial reseTh'es sutTicient to ensure that the charity. can conlinue to operate and meet the needs of clients should unforeseen and potential financiall). damaging circumstances arise. Thev IKlieve designated reserves should be set aside, lo cover contractual commitments to LDHAS staff. equipment replacement& and other foreseeable wsts, from tim¢ to time. The Trustee board of LDEL4S has detenninaj that unrestrithl reserves should k held that are sufficient lo over operating ¢05ts of LDFL4S for three months. The intenti(m of this is that the majority of outstanding client cases can be completed and closd shId LDHAS be unable to continue in operation. The Trustee board may d1¢ from tirne to time to hold designaial reserves for specific purposes. such as replacement of IT equipmen¢ buildings maintenancq software updates. In addition to the provision of three months operating COS unrestriLtrd funds sh(yuld be set aside for the following purposes: CltractUal commitment reserve ( l) - a reserve to ensure that LDFL4S is able to cover Contraj payments lo all staff as redundancy. prol'ision of IM maternity. cover, and the costs of any disciplinary and lor grievance procedures ithich may arise. Contractual commitment reserve {2) - a reserve to cover Utiliti Insuran prem&ums equipment rental. mobile phone contracts. Equipment reserve - a reserve to ensure that there is sufficient money to replace equipmeni wthen it kcomes obsolete or Ewond economic repair. Premises reserve - a reser%'e to provide for the cost of re1ctIng to new. premises either at the expir), of the current lease or if larg premises are deemed necessar).. Provision for reinstatement of the currLmt site to comply ryth the obligations under the rent lease. D'elOPment reserve - a reseTr'e to allom, LDH.4S to undertake the deN'elopment of new projecls and areas of work and to conduth full feasibility studie5 on the advisability of such proposals. We may also wish io list restrict thnds that are held to support specific projects, in particular where the project runs kyond a )'ear end. This reseri'es policy is monitor8J and reN'iewed by the trustees annuall).. This policy implies compliance with child and ivlnerable adult safeguarding and other project policies. The strategic repxt was approved by the trustees of the charity on 19 September 20?4 and signal on its behalf by: Mr Mark Whiteman Chainnan Page 2
Lancaster & District Homeless Action Serviee Limited Trustees, Report The trusle¢s, who ar¢ directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 Marth 2024. Objeclives gnd gctivities Public benefil Activities undertaken to fvrther public benefit. The truslees confirm that they have complied with the requirements of section 4 of the Charities Act 201 I to have due regard to the public benefit guidance published by the Charity Commission for Entsland and Wales. Structureg governance and management Financial instruments Objectivu andpolicies The charity's activitie5 expose it to a number of financial risks ineluding credit risL cash flow risk and liquidity risk. The use of financial derivaiives is governed by the charity's policies approved by the board of trustees, which provide Titten prineiplts on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes. Cofhflow risk The charity's activities expose it primarily to the financial risks of changes in foreign currency exchange raies and interest rates. The charit). uses foreign exchange forward contrarts and interest rate swap contracts to hedge these exposure5. Interest bearing asset5 and liabilities are held at fixed rate to ensure certainty of cash flows. Credil nsk The charity's principal financial assets are bank balances and cash, trade and other receivables. and investments. The charity's credit risk is primarily attributable to its trade receivables. The amounts presenled in the balance sheet are net of allowances for doubtful receivables. An allowance for impaiment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid fvnds and derivative financial instruments is limited because the counterpartie5 are banks with high credit-ratings assigned by Internatial credit-rating agencies. The charity has no significant concentration of credil risl 7th exposure spread over a large number of ounterparties and customers. Liquidity risk In order to main¢2in liquidity to ensure that sufficient fvnds are available for ongoing operations and fi]ture developments. the charity uses a mixture of long-iemi and short-tenn debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements. The an I report was approved by the trustees of the charity on 19 September 2024 and signed on its behalf by= 'Mr Mark Ivhiteman Chairnian Page 3
Lancaster & District Homeless Action Service Limited Statement of Trustees, Responsibilities The trustee5 (who are also the directors of Lancaster & District Homeless Action Service Limited for the purposes of company law} are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Company law require5 the trustees to prepare financial slalements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied thal ihey give a true and fair view of the state of affairs Df the Charitable company and of its incoming resources and applicati(m of resources, including its income and expenditure, for that period. In preparing these financial stalements, the trustees are required to: select suitable accounting policies and apply them consistently: observe the methods and principlts in the Charities SORP. make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have Ixen followed. subjecE to any material departures dI10sed and explained in the financial statements; and prepare the financial statements on the 80ing wncern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficieni io show and explain the haritable company's transactions and disclose with reasonable accuracy al any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also re5ponsibl¢ for safeguarding the assets of the charitable company and hence for taking reasonable steps for the Preventi and detection of fraud and other irregularities. Approved by the trustees of the charity on 19 September 2094 and signed on its behalf by.. r Mark Whiteman Chairn)an Page 4
Lancaster & District Homeless Action Service Limited Independent Examiner's Report to the trustees of Lancaster & District Homeless Action seICe Limited I report on the accounts of the charity for the year ended 31 March 2024 which are set out on pages 7 to 19 . Respective responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit Is not required for this year under section 14412) of the Charities Act 2011 (the 2011 Act) and that an independent examinati( is needed. The charitgs gross income exceeded £250.0(M) and l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to- examine the accounts under section 145 of the 201 l Act. to follow the procedures laid dow) in the general Directions given by the Charity Commission under seclion 145{5)(b) of the 201 l Act. and to state whether particular matters have come to my attention. Basis of independent examiner's report My examinati was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with ihose records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the ei'idence that would be required in an audit and consequently no opinion is given as lo whether ihe accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no rnatt has come to my attention: ( l) which gives me reasonable cause to believe that in any material respect the requirements= to keep accounting records in accordance with section 386 of the Companies Act 2006. and to prepare accounts thIch accord with the accounting records. romply with the a¢¢ountin8 requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by CharitiL8 have not ken met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mrs Kathryn Mumford charter Accountants & Registered Auditors Suite 21 Chorley Business & Technology Centre East Terra¢ Euxton Lane Chorley PR7 6TE Page 5
Lancaster & District Homeless Action seICe Limited Independent Examiner's Report to the trustees of Lancaster & District Homeless Action Service Limited 19 September 20?4 Page 6
Lancaster & District Homeless Action Service Limited Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2024 Nole Ineome and EndowmeN¢s from: Grants, donations and legacies Other trading activities 131,814 58,057 191,491 323,305 58,057 Total Income 189,871 191.491 381,362 Expenditure on: Charitable activities 96,359) 173.943) 270,30?) Total Expenditure (96,359) 17.3,94.3) {?70,-302) Net income 93,512 17,548 11,060 Net movemenl in funds 93.512 17.548 111,060 Reconciliation of funds Total ndS brought forward 474,380 ?1.984 496,364 Totsl funds carried forward 16 567,892 Unrestricted funds 39,532 Restricted funds 607.424 Total 2023 Note Income and Endowments from: Grants, donations and legacies Other trading activities 40,555 58.958 173,272 ?1.3,827 58,9i8 Total Income 99,513 173,?72 27? 785 Expenditure on: Charitable activities {85.834) (156,589) (?42,423) Total Expenditure 85,834) {156.589) 24? 423) Net income 16,683 30,362 Net movement in fimds 13.679 16,683 30,362 Reconciliation of funds Total fijnds broughi forward 461,115 5,301 466,416 Ti)tsl funds carried forward 16 474,794 21,984 496,778 All of the charitys activities derive from continuing operations during the above two periods. The funds breakdown for ?0?3 is show) in note 16. Page 7
Lancaster & District Homeless Action Service Limited (Registration number: 03722790) Balance Sheet as at 31 March 2024 2024 2023 ote Fixed assets Tangible assets 12 333,962 334,131 Current assets Debtors Cash at bank and in hand 13 291 277.505 776 165.156 277,796 165,932 Creditors: Amounts falling due within one vear 14 {4,334) Net current assets 273,462 162,?32 Net #ssets 607,424 496.363 Funds of the Charity: Restricted funds 39,532 21,984 Unrestricted income funds Unrestricted funds 567,892 474,)79 Total funds 16 607.4?4 496.-?63 For the financial year ending 31 March 20?4 the charity was entitled to exemption from audit under section 477 of the Companits A¢1 2006 relating to small Companies. Directors, responsibilities= The members have not requir¢d the charity lo obtain an audit of its accounts for the year in question in accordance with section 476; and The directors acknowledge their responsibilities for complying with the requirements of the Act with respe to accounting record5 and the preparation of accounts. These accounts have been prepara in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements on pages 7 10 19 were approved by the trustees, and authorised for issue on 19 September 2024 and signed on their behalf by.. r Mark Whiternan Chaimian Page 8
Lancaster & District Homeless Action Service Limited Notes to the Financial Statements for the Year Ended 31 March 2024 I Charity status The charity is a charity limit by guarantee and consequently does not have share capital. Each of the trustees is liable to wntribute an amount not excttding £ I towards the assets of the charity, in the event of liquidatfton. 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financithl statements are set oiit below. These policies have been consistently applied to all the years presented, unless oiherwise stated. Statement of eompliance The financial stalements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeclive l January 2015) - {Charitie5 SORP (FRS I O?)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Lancaster & District Homeless Action Service Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cosl or transaction value iinless other5¢ staled in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue a5 a going oncern nor any si8nifi¢ant areas of uncertainty that affect the carrying value of assets held by ihe charity. Income and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Grants receivuble Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be meL the income is reeognised as a liability and included on the balance sheet as deferred income to be released. Expenditur¢ All expenditure is recognised once there is a legal or construrtive obligation to that expenditure, it is proEkible settlement is required and the amount can be measured reliably. All costs are allocated to the applicabl¢ expenditure heading that aggregate similar costs to that category. IThere costs cannot b¢ directly attributa to particular headings they have been allocated on a basis consistent with the use of resources, 1th central staff costs allocated on the basis of time spenL and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff cosls. Page 9
Lancaster & District Homeless Action Service Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Charitable activities Charitable expenditure comprises those Costs incurred by the charity in the delivery of its activities and services for it5 beneficiaries. li includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Sllpport costs Support costs include central fvnctions and have been allocated to a¢tivity cost ¢2tegories on a basis consistent with the use of re5ource5, for example. allocating property costs by floor areas. or per capita, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributable to the charity's Compliance with constitutional and statutory requirements, including audiL Strategic management and trustees meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of ihe Finance Act ?010 and therefore it meets the definilion of a rharilable company for UK corporation tax purposes. Accordingly, the harity, is potentially exempt from taxation in respect of income or capital gains re1ved within categories covered by Chapter J Part I l of the Corporatii)n Tax Act 2010 or Section 256 of ihe Taxati of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £200.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impaiment losses. Depreciati1 alld amortisatioll Depreciati(M) is provided on tangibl¢ fixed assets so as to WTile off the cost or valuation, less any estimated residual value, over their expected useful economic life as follow3.' Asset class Furniture & Fittings DepreeiAtion metbod and rate ?OO/o Straight line basis Researeb and development Research and development expenditure is Mritten off as incurral. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfornied in the ordinary course of business. Trade debiors are recognised initially at the transaction price. They are Subsequently measured at amortised cost using the effective interest method, less provision for impaimient. A provision for the impaimient of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due aecording to the original terms of the receivables. Page 10
Lancaster & District Homeless Action Service Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-terni highly liquid investments that are readily convertible to a known amount of rash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligalions to pay for goods or services that have been acquired in the ordinary course of tsIneSS from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional righL at the end of the reporting period, to defer settlement of the creditor for al least twelve months after the reporting date. If there is an unconditifflal right to defer settlement for at least twelve months after the reporting date. they are presented as non-currt liabilities. Trade creditors are recognised initially at the transaction price and subsequently mrasured at amortised cosl using the effective interest method. Borrowings Interest-bearing Ix)rrowings are initially recorded at fair value. net of transaction costs. Interest-bearing borromryngs are subsequently carried at amortised cost. with the difference between the proceed5. net of transaction costs, and the 8mount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income ndS are those donated for use in a particular area or for specifi¢ purposes. the use of which is restricted to that area or purpose. Financial instruments clq55ificotion Financial assets and financial liabilities are recognised when the ¢harity becomes a party lo the ¢ontra¢tual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the eontractual arrangements entered into. An equity instrument is any conlract that evidences a residual interest in the assets of the charity after dedu¢ting all of its liabilities. Pagell
Lancaster & District Homeless ActlOD Service Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Recognilion and measurement All financial assets and liabilities are initially mrdsured at transacti( price (including transacti costs). except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair 'alue (thich is nonnally the transact1( price excluding tran5actiiJJ costs). unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transacti(ffl, the financial asset or financial liability is measured at the present N'alue of the future pa)Tnents discounted at a market rate of interest for similar debt instrument. Financial assets and liabililies are only offset in the ststement of financial posilion en. and only when there exists a legally enforceable right to set off the rwognised amounts and the charity intenil8 either to settle on net basis. or to realise the asset and settle the liability sirnultsneously. Financial assets are derecognised and (lY when a} the contractual rights to the L¥sh flows from ihe financial ass¢t expire or are settled. b) the charity transfers to an(*her party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity. despite having reiaind some. but nol all, significanl risks and reM?rds of oHner5hip. has transferred control of the asset to another part).. Financial liabililies are derecognised only when the obligation specified in the contract is dis¢hargaL can¢elled or e.xpires. Pag¢ l?
Lancaster & District Homeless Action Service Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Debi ins¢ruments Debt instrumfflts which meet the following Conditions are subsequently measured at amortised cost using the effective interest meth(xl: (a) The contractual return to the holder is (i) a fixed amount: (li) a positive fixed rate or a positive variable rate. or (iii) a combination of a positive or a negative fixed rate and a positive variable rate. (b) The contract may provide for repayments of the princtpal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denomin8taL provided such links are not leveraged. {c) The contract may provide for a determinable variatiffl of the return to the holder during the life of the instrument. provided ihat (i) the new rate satisfies Conditi( (a) and the variation is not contingent on future events other than ( l ) a change of a contractual variable rate. (2} to protect the holder again51 credit deterioration of the issuer- (3) changes in levies applied by a Central bank or arising from ¢han8es in relevant ta.xation or law. or {ii) the new rate is a market rate of interest and satisfies condition (a). (d) There is no contractual provisi(Trn that could. by its temis. result in the holdLT losing the principal amount or any interest attributsblc to the current period or prior periods. (e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holdtt to put it back to Ihe issuer before maturity are not contingent on tUre events, other than to protect the holder against the credit deterioration of the issuer or a change in Control of the issuer. or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law. (t) Contractual provisions may permit the extension of the tern) of the debt instrumenL provided that the retum to the holder and any other contractual provisions applicable during the extended tem Satisfy the conditions of paragraph5 (a) to (c). Debt instruments that are classified as payable or receivable within one year on initial recognition and Hthich meet ihe above conditions are measured at the undiscounted amount of the cash or other consideration expected lo be paid or received. net of impairment. With the exception of some hedging instrumenLs. other debt instruments not meeting these conditions are measured at Air value through profit or loss. Commitments to make and receive loans which meet the conditions mentioned alx)ve are measured at cost (which may be nil) less impaimient. Investments Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publiclj. traded or their fair value is reliably measurable) are measured at fair value through profit or loss. IhThere fair value Cann be measured reliably, investments are measured at cost less impairment. Investments in Subsidiaries and associates are measured at cost less impairment. For inveslments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored. Page 13
Lancaster & District Homeless Action Service Limited Notes to the Financial Statements for the Year Ended 31 March 2024 DerivalivefinaNci41 instrumenls The charity uses derivative financial instruments to reduce exw)sur¢ lo foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instrumalts for speculative purposes. Derivatives are inilially recognised ai fdir value at the dale a derivative contraQ 15 entered into and are subsequently remeasura to their fair value ai each rewTrrting date. The resulting gain or Ioss is recognised in statement of financial a¥1ivities immediately unless the derivative is designated and effective as a hedging instrumenL in wthich event th¢ timing of th¢ recognitim in sthtemeni of financial actiN'ities depends on the nature of the hedge relationship. Fair value measurement The kst 'idenCe of fair N'alue is a quoted price for an identical asset in an actiN'e market. When quoted prices are unavailable, the price of a recent transartiffl for an iden111 asset proi'ides evidence of fair ialue as long as there has not ken a significant change in ewnomic circumstances or a signifit lapse of time since ihe transaction took place. If the market is not active and recent transarti[S of an identiL71 asset on their owi ar¢ not a g(Mxl estimate of fair value. the fair value is estimated . sing a Valuati technique. 3 Income from donations and legacies Unrestricted funds Restricted funds Tot¥l 2024 Total 2023 General Grant% including capita] grants. Grants from other charitits Regular gin8 and capital donations 191,491 231,491 89.814 173 ?72 40.555 89.814 131,814 191.491 3?).)05 ?1).8?7 4 Income from other trading gctivities Unr¢stricted funds Total 2024 Total 2023 Gener*1 Events income: Other events income Gift aid reclaimLYl OthLT incom¢ from other trading adivities 51.085 1.634 4.338 51,085 2,634 4.338 5,625 1.232 58.057 58,057 58,958 Page 14
Lancaster & District Homeless Action Service Limited Notes to the Financial Statements for the Year Ended 31 March 2024 5 Expenditure on charitable activities Unre5¢ricted funds Restricted funds Total 2024 Total 2023 General Note Fundraising costs Repairs and maintenance Office expenses Sundry and other costs Travel and subsistence Computer software and maintenance Advertising Staff costs Allocated support costs Governance Costs 446 446 360 25,087 19.0?2 421 56 94,269 119,356 19.0?2 421 56 105,317 21,643 175 1,343 199 1,343 199 ,317 42.470 851 6.464 79.674 122.144 851 6.464 106,565 715 6,?20 96.359 173,943 270.)02 242.423 Page 15
Lancaster & District Homeless Action Service Limited Notes to the Financial Statements for the Year Ended 31 March 2024 6 Analysis of governance aDd support eosts Charitable activities expenditure Unrestricted funds Total 2024 Total 2023 General Support cost5 Governance Costs 851 6.464 851 6.464 715 6,?20 7.315 7.315 6.935 Governance costs Unrestricted funds Totgl 2024 Total 2023 General Staff costs Other staff costs Audit fees Other fees paid to auditors Legal fees (hher governance costs 60 60 24 1,093 655 4.656 1.093 655 4.656 1,093 8iO 4,?53 6,464 6.464 6.?20 7 Net incomingloytgoing r¢50urce5 Nei incoming resources for ihe year in¢lude'. 2024 2023 Depreciatim of fixed assets 851 715 8 Trustees remuneration and expenses No trustees, any persons connected with them, have received an). remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 9 Staff costs The aggregate payroll costs wer¢ as follows.. Page 16
Lancaster & District Homeless ActlOD Service Limited Notes to the Financial Statements for the Year Ended 31 March 2024 2024 2023 Staff eosts during the yearwere: Wages and salaries Pension costs Other staff cost5 119,280 1,389 1,535 104,754 ,169 666 1 ?2,204 106,589 The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time 4uivalents was as follows- 2024 2023 Employees No employee received emoluments of more than £60,OIX) during the year. 10 Ayditors, remuneration 2024 2023 Other fees to auditors All other non-audit services 1,093 1.093 Page 17
Lancaster & District Homeless Action Service LRmited Notes to the Financial Statements for the Year Ended 31 March 2024 I l T*xatioll The charity is a registered charity and is therefore exempt from taxati¢M. 12 Tangible fixed assets 13 Debtors 2024 2023 Trade debtors Prepayments 139 152 327 449 291 776 14 Creditors: #mount5 falling due Ivithin one year 2024 2023 Trade creditors Other taxation and social security Other creditors Accruals 1.067 78? 1,080 1,074 IS Pension and other sehemes Defjned contribution pension scheme The charity operates a defined contribution pension scheme. The pension cost charge for the year represents ontributions payable by the charity to the heme and amounted to £1.389 (2023 - £1,169). 16 Funds Balance at I April 2023 Incoming resources Resources expended Balanee at 31 March 2024 Unrestricted funds General {474,380) (189,871) 96.359 (567,892) Restricted fund5 {?1,9841 (191.491) 17i.94.3 {19,532) Total funds 496,364) (381,3071 ?70.302 007,424) Page 18
Lancaster & District Homeless ActlOD Service Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Balance at I April 2022 Incoming resources Resouree$ expended Balance at 31 18rch 2023 Unrestricted funds General (461,115) (99.098) 85.834 (474,379) Restricted funds (5,301) (173 ?7?) 156,589 {21,984) Total funds (466,416) 27?,370) 242,4?3 (496,363) 17 Analysis of net assets between funds Unreslricted funds Restricted funds Genernl Total funds Tangible fixed assets Current assets Current liabiliti¢5 333,962 333,96? 277,796 (4,334) 39,532 (4,334) Totsl net assets 567,892 39,532 607,424 18 Anal}'sis of ttet funds At31 March 2024 At l April 2023 Cash flow Cash at bank and in hand 165,156 112,349 277,505 Net debt 165,156 12,)49 •77.505 Page 19
Lancaster & Distrirt Homeless Action Service Limited Notes to the Flnancial Statements for the Year Ended 31 March 2024 Balance at 01.04.23 Incoming Outgoing Transfer5 Balance at 30.3.24 REVENUE FUNDING Asda Foundation Big Lottery Comic Relief Forrester Family Trust Nationwide Sainsburys The Talent Fund Trusthouse 1,554.00 42,975.00 9,768.00 0.00 42,463.65 9,181.20 12,015.00 7.134.22 1,554.00 646.44 586.80 0.00 23,441.78 500.00 135.09 0.00 12,015.00 0.00 0.00 0.00 3,878.27 30,576.00 500.00 5,000.00 o.oo 5,000.00 3,878.27 CAPITAL FUNDING- AALBORG REFURBISHMENT 29th May Trust Ardonagh Trust BRIC Broad Cairn Foundation Clothworker Garfield Weston Lancashire County Councillors Lancaster University Nationwide NFUM Peel Trust Rank Foundation Screwfix Walney Extension Community 0.00 5.000.00 0.00 450.45 10,000.00 io.000.00 s.000.110 3.500.00 450.45 25,000.00 90.00 830.00 0.00 8,000.00 5.903.51 10,000.00 2,349.50 3,106.82 20,040.00 0.00 0.00 0.00 3,500.00 25,000.00 0.00 415.00 1,000.00 17,424.00 6,443.00 io,oiJo.00 4,000.00 3,295.95 20,040.00 90.00 415.00 0.00 0.00 0.00 0.00 0.00 0.00 1,000.00 9,424.00 539.49 1,650.50 189. 13 Total P&L 21983.81 191490.95 173 942.62 0.00 39 532.14