Company reuisti'ation number: 03722790 Charity regyistralion number.. 109iO16 Lancaster & District Homeless Action Service Limited satisfied Inyself tliat tlie charity is not subject toc i iidit Liiider coinpaiiv law (iiid 15 el igyible for independent exaniination, it 15 my I'esponsibil ily to: exainine Ilie accounts under section 145 of the 201 l Act: to follow the procedures laid doivn in the general Directions given by the Chai'ity Cominission under section 145{5)(b) of the ?0 I l Act.- and to state whether particular matters have come to my attention. Basis of independent examiner's report My exc11ninatioii was caii'ied out iii accordai)¢e with Ilie gyeneral Directioiis gsiven by the Cliarity Coinniission. An examination incliides a revieiii of the accouniiiigs I'ecoi'd% kept b). the charity and a compai'ison of Ihe accoiints pi-eseiited wilh tliose i-ecords. li also include5 consideration of any iinusual iteins or d isclosures in the accoiints. aiid seeking} explanations from you as iriistees concerningy any sucli mattel's. The procedures Iindertaken do not provide all the evideiice that would be i-equired in an aiidit aiid consequently no opiiiion 15 giveii as 10 ¥vliether the accoun15 pi-esent a 'ti'iie and fair view, and the i-epoit is l imited to tliose matteiE set out in the statement below. llldependent examiner's statement In coi)neclion witli Iny examination, no tnatter lias come to niy attention.. ( l } Ivhich gives ine i-ea50nable caiise to believe that in any material i-e5pect the requireinent5'. to keep accountinLi records iii accordance with section J 86 ot.the Companies Act 2006- and to prepare accounts which accord with tlie accounting records. coniply with the accouiiting requirenientS ot sectioii 396 of die Conipanies Act ?006 and witli the Inethods and principles of the Statement of Reconimeiided Practice- Accounting ai)d Reportinu by Charities have iiot been Imet; or (?) lo whicli, in Iny opinion, attention should be drawi in order to enable a proper understanding of the account5 lo be reaclied. Mrs Kaihryii Muiiiford 13 August 2025 Page 5 Lancaster & District Homeless Action Service Limited Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recogllised Gains and Losses) Unrestricted funds Restricted funds Total 2025 Note Income and Endowments from: Grants. donations and legacies Other Iradin(y activities 62,329 61.988 94,821 157,150 61,988 Total Incoine 124,317 94,821 219,138 Expenditure on: Charitable activities (98,450) (128.493) (2?6,943) Total Expendilui'e (98,450) (128,49J) (226,943) Net incomel(e.xpenditure) 25,867 (33,67?) (7,805) Net movement in fiinds 25,867 (J3,672) (7,805) ReeoncTrliation of fun(Js Total fiinds brought fonvard 567,893 39,532 607,425 Total tunds carried forward 16 593,760 Uni'estrieted funds 5.860 Restricted funds 599,620 Total 2024 Note ncome aiid Endoivments from: Grants, donation5 and leg7acies Other trading activities 131,814 58,057 191,491 3?3.305 58.0.57 Total Income 189,871 191,491 J81,362 Expenditure on: Charitable activitie5 (96,3 59) (173,943) (270,302) Total Expenditure (96,3 59) (173,94)) (270,302) Net incoine 17,548 111,060 Net movement in funds 93,512 17,548 111,060 Reconciliation of funds Total funds brouO)t fomard 474,380 ?1,984 496.364 Total funds carried foiwai'd 16 -$67,892 607,424 All of the cliarity's activities derive froin continuiiibr operations durino the above two periods. The funds breakdown for ?023 is shown iii note 16. Page 6 Lancaster & District Homeless Action Service Limited (Registration number: 03722790) Balance Sheet as at 31 March 2025 2024 Note Fixed assets Tangible assets 336.?17 333,96? Cui'rent assets Debtoi Cash at bank aiid in liand 464 266,219 ?91 277,i05 ?66,68) 277,796 Creditors: Amounts falling due within one year 14 (),280) (4,J34) Net current assets 203,40J 273,462 Net assets 599,620 607.424 Funds of the charity: Restricted funds 5.860 39.532 Unrestricted income fund5 Ui)restricled fuiids 593,760 567,89? Total funds 16 599,620 607,424 For the t-￿ancial year eiidiiigy J l March 20?5 tlie charity was entitled to exemption from audit under section 477 of the Companies Act 9006 I-elatingy to small companies. Directors, responsibilities.. The nieiiibers have not reqiiii'ed the charity to obtain an audit of it5 accounts t.or the Vear in question in accordance witli section 476. and The directors ackiiowlediye their responsibilities for complying with the i'equirernenls of the Act with respect to accoiii)iin(J records and rhe preparation of accoiiiits. Tliese accounts have been prepared in accordance with the provisions applicable to companies subject to tlie sinall coiiipanies regiine. The tinanc ?0?5 a tatements on pages 6 to 19 were appi'oved by the trustees, and aiithorised t.or issue on 13 Auoust ned on their bel)alt' by.. Mr Mark Whiteman Chairman Page 7 Lancaster & District Homeless Action Scryice Limited Notes to the Financial Statements for the Year Ended 31 March 2025 I Charity sÉatUS Tlie charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amouiit not exceeding £ I towards tlie assets ot the cliarity ui the event of liquidation. 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accouniing policies applied iii the pi'eparation ot Iliese finencial stateinents are set out below. Tliese policies Iiave been coiisis¢eIi¢ly applied to all the years presented, uiiless otherwise stated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recoillmended Practice applicable to cl)arilies preparing their accounts in accordance M'ith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) (Charitie5 SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and tlie Conipanies Act ?006. Basis of preparation Lancaster & Disiricl Hoii)eless Action Service Limited iiieets the detinition ot a public benefit entity Liiidei. FRS 102. Assets and liabil ilies are initially I'ecognised at historical cost or traiisaction value unless otherwise stated i the relevant accounlit]g' policy notes. Going coneern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any signiticant areas of uncertainty that affect the carrying value of assets held by the charity. Income and endowments All incorne is recognised once the charity has entitlement lo the income. it is probable that the income will be received and the amouiit olthe incoine receivable can be rneasured i-eliably. Gruiits receivuble Grant5 are re¢ognised when the charity has an entitlement to the funds and any conditions linked to the grants have been Inet. Wliere pert"orinance conditions are attached to the Lyranl and are yet to be met. the income is recognised as a liability and iiicluded on the balance sheet as deferred inconie lo be I'eleased. Expenditure All expenditure is recognised once there is a lebJal oi. constructive obliiTalion to that expenditure, it is pi'obable settleillent is required and tlie amount can be Ineasured I'eliably. All costs are allocated to the applicable expeiidituie headingy that aggiregate similar costs to tliat cates¥ory. Where costs cannot be diiECtI)' attributed to particular hec1din&Js they have been allocated on a basis consistent with Ilie use of resources. with central staff costs allocated on the basis of tiTne speni, and depi-eciation charges allocated on the poition of (he asset's use. Other support costs are allocated based on the spread of staff costs. Page 8 Lancaster & District Homeless Action Service Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Cliciriliible acliiyilies Charitable expenditure coniprises tliose cos15 incurred b). tlie charitv iii the deliveiy of its a¢livities and services for its beneficiai'ies. It incliides both costs tliat cali be allocated directly to Such activities aiid those costs of an iiidii'ect nature neeessary 10 siippoi-t thein. Support Cost5 Support Costs iiiclude central functions and have been allocated to activity COSt categories 011 a basis consistent with the use ot resources. for example, allocating property costs by floor areas, or per capita, staff costs by the tiine spent and oiher costs by their usage. Governance costs These include the costs attribiitable to tlie charity's coinpliance with constitutional and statutory requiremeiits, incliiding audit. sli'ategyic managJemenl and trustees meetings and reimbiirsed expenses. Taxatio The charity is considered to pass the tests set out in Paragyi'aph I Schedule 6 of the Finance Act 2010 alld therefore il nieet5 tlie definition of a cliaritable company foi. UK corpoi'alion lax puiposes. AccordiniJ ¥ly, the charity is potentiallj. exempt fi'orn taxation in respect of incoine or Capital iaiiis i'eceived ￿'1th1n categories covered by Chapter J Paii I l of the Coi-poration Tax Act ?0 l O oi. Section 256 ot. IhL Taxation ot Chai'(Jeable Gains Act 199? to the extent that such incoime oi. gains are applied exclusively lo charitable purposes. Tangible fixed assets Individual fixed assets costing £?00.00 oi. Inoi'e al-e iiiitiallv recorded at cost, less any subsequent accumulated depreciation and subsequent accuinulated inipairnieni losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off Ihe cost or valuation, less aT]y estimated residual value, over their expected usefiil econoniic life as follows.. A55et class Funiitui'e & Fittings Depreciation method and rate ?0 /0 Straight liiie basls Trade debtors Trade debtoi's are amoLints due from customers foi. merchandise sold or sei-vices pei'fornied in tlie ordinai'y COUl-5e of biisiness. Trade debtors are recognised initially at the transaction price. They are subsequently measiii-ed at amortised cost using the etyective interest method. less provision for impainneiil. A provision for tlie knipaiiinent ot trade debtor5 is established wheii there is objective evidence tliat the cliarity will not be able to collect all ainounts due accoi-dingj to tlie original tenns ot Ilie receivables. C8sh and cash equiva lents Cash aiid casli equivalents coinprise cash on hand and call deposits. and othei. 5110rt-teiin highly liquid iiivesttments Iliat al'e I'eadily coiiverlible 10 a known amoiinl of cash and are siibject to ali insignificant risk ot chaniye in value. Page 9 Lancaster & District Homeless Action Service Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Trade creditors Ti?de creditors are obligations to pay foi. goods or services tliat have beeii acquii'ed in the ordinary course of business from suppliei's. Accounts payable al-e classified a5 current liabilities if the chariti, does not have an uiiconditioiial right. at the end of tlie i-eporting period, lo defer settleiiient of the creditor for at least twelve nionihs after the reportin&F date. If tliere 15 an unconditional right to defer settlement for at least twelve months after the reportingy date. tl)ey are presented as non-current l iabililies. Trade creditors are recognised initially at the transaction price and subsequently Ineasured at amortised cost Using the ¢tTective interest method. Borrowings InteiESt-bearing borrowings are initially recorded at fair value. net of transaction ¢osts. Interest-bearing bori-owings are subseqiiently carried at ailloitised cost, witli tl)e dit'ference between the proceeds, net of transaction costs. and the ainount due on redeinption being I'ecotriiised as a charge lo the Statement of Financial Activities over tlie pei-iod of the relevaiit borrowing. Interest expense is recognised on the basis of tlie effective interest method and is included in iiiterest payable and similar charges. Borrowings are classified as current liabilities unless the charity lias an unconditional right to defer settlement of the liability for at least twelve months after the reporting dale. Fund structure Unrestricied iiicoine funds are general funds that are available for use at the trustees discretion iii furtherance of the objectives of ihe chai'ity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use ot which is restricted to tliat area or purpose. Financial instruments clii.s.sificulioii Fiiiancial assets and financial liabilities al'e recognised whell the chai-ity becomes a party to the contractual provisions of the instniInent. Financial liabilities and equity instnunents are classified according to the substance of the contractual arraiigeineiits enlei'ed into. An equity instrument is any contract that evidei)ces a residual interest in the assets of tlie charity aftei. deducting all of its liabilities. PagFe l O Lancaster & Distrlct Homeless Action Service Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Recf)%iiilioii iinil meii.surenienl All financial asseis and liabi lities are initially Ineasui-ed at ti-ansaction price (iiicluding transaction costs), except foi. tliose financial assets classified as at fair value thi-ougli protit oi. loss. which are initially nieasiired at fair valiie (whicli is iioiinally the tt'aiisactioii pi'ice eAcludino ti'ansaction costs), unle55 tlie al-ran￿e1￿ent consliiutes a f￿anCi1]g transaction. If an arraiigenient constitutes a fiiiaiicini transaction, the finaiicial asset or tinancial liability is measured at the present value of the future paynients discoimted at a market rate of interest for a similar debt instruinent. Financial assets and liabilities are only offset in the statenient of financial position wheii, and only when there exists a legyally enforceable riLlTrt to Set off the recognised ainoLints and the charity intends either to settle on a net bas15, 01- to realise the asset and Settle the liability siinultaiieously. Financial assets are derecognised when and only ivhen a) the contraclual riglits to the cash floivs froTn the finaiicial asset expire or are settled, b) the charitS' transfei's to another party substantially all of Ihe risks and rem'iirds of oivnersliip of the financial asset, or ¢) tlie cliai'ity., despite having retained some, but not all, s]￿lf1¢an[ risks and rewai'ds ot o￿nership, has traiistei-i'ed control of tlie asset to aiiothei. parry. Fiiiancial liabilities are derecogyiiised only when the obligation specified in the contract is discl)arged. cancelled or expires. Page I I Lancaster & District Homeless Action Service Limited Notes to the Financial Statements for the Year Ended 31 March 2025 5 Expenditllre on charitable activities Unrestricted funds Restricted funds Total 2025 Total 2024 General Note Fundraising costs Repairs and maintenance Office expenses Sundiy aiid oll)er Los15 Travel and subsistence Computer software and iiiaintenance Advertising Staff costs Allocated support costs Goveimance costs 1.055 1,055 446 37,101 17.066 1.354 108 14,067 51,168 17,066 1,354 108 119.356 19,022 421 56 1,548 1,548 1,343 199 122,144 851 6,464 24,270 8,267 7,681 114,426 138,696 7,681 98.450 128,49) 2?6.943 ?70,JO? Page 14 Lancaster & District Homeless Action Service Limited Notes to the Financial Statements for the Year Ended 31 March 2025 6 Analy'sis of governance and siipport costs Charitable actii'itie5 expenditure Ulli'esti'ieted runds Total 2025 Total 21124 General Support costs Govei-nance costs 8,267 7,681 851 6.464 7,681 15,948 15,948 7.315 Governance costs Unrestricted fun(Is Total 2025 Total 2024 General Staff costs Other staff costs Audit fees Other fees paid to aliditors Legal fees Oiher tsovernance costs 60 1,098 1,098 1,093 655 4,656 6,485 6,485 7,681 7,681 6,464 7 Net incomingloutgoing resources Net (OLltgFoing)liiicoming resources foi- the year incliide: 2025 2024 Depi-eciation of tixed assets 696 851 8 Trustees remuneration and expenses No trustees, iioi- any persons connected with Iliem, have received any remiiiieration fi-om the charity during the year. No tI￿SteeS have received any reimbursed expenses or any otliei- benefLts froin Il)e charity durin? the s'ear. 9 Staff e05t5 The autsl'egale payi'oll costs ivere as follows: Page li Lancaster & District Homeless Action Service Limited Notes to the Financial Statements for the Year Ended 31 March 2025 14 Pension and other schemes Defjned contribution pension scheme The charity operate5 a defined contribution pension scheine. The pension cost chargye for the year represents oiitt'ibutions payable by the chai-ity to the sclienie and ainounted to £1 ,707 (2024 - £1,389). 16 Funds Balanee at I April 2024 Incoming resource5 Resoiirces expeiided Balance at 31 Mareh 2025 Unrestricted funds General (567,89i) (124.317) 98.450 (593,760) Restricted funds (J9,5 J?) (94.8211 128.493 (5,860) Total fund5 (607,425) (219,138) ?26,943 (599,620) Balance at I April 2023 Incoming resource5 Resources expended Balance at 31 March 2024 Unrestricted funds General (474,380) (189,871} 96,359 (567,892) Restricted funds {21.984} (191,491} 173.943 (39.532) Total funds (496,364) (38 I, J6?} 270,302 (607,4?4) 17 Analysis of net assets between funds Unrestricted funds Restricted funds General Total funds Tangible fixed assets Current assets Current liabilities 336,217 260.823 (3,280) 336,217 266,683 (J,280) 5,860 Total net assets 593.760 5,860 599,620 Pagye 18 Lancaster & District Homeless Action Service Limited Notes to the Financial Statements for the Year Ended 31 March 2025 18 Analy515 of net funds At 31 March 2025 At l April 2024 Casli tlow Casli at baiik and in liaiid ?77.505 (11,286) ?66,219 Net debt ?77.505 (11,286) 266.219 Pagle 19 Lancaster & District Homeless Action Service Limited Notes to the Financlal Statements for the Year Ended 31 March 2025 5t Balance at Incoming resources Outgoing resources Transfers Balance at 01.04.24 30.3.25 REVENUE FUNDING 3R Foundation Asda Foundation Awards for All 8ig Lottery Comic Relief Coop Community Fund Hedley Leeds Building Society Lloyds Bank Foundation Nationwide Sainsburys 0.00 1,019.00 1,554.00 0.00 0.00 20,000.00 646.44 45,302.00 586.80 0.00 0.00 500.00 0.00 2,000.00 0.00 1,000.00 0.00 25,000.00 23,441.78 0.00 500.00 0.00 1,019.00 1,393.04 20,000.00 43,413.57 586.80 0.00 0.00 745.49 24,590.36 23,441.78 500.00 0.00 160.96 0.00 2,534.87 0.00 500.00 2,000.00 254.51 409.64 0.00 0.00 CAPITAL FUNDING - AALBORG REFURBISHMENT Lancaster University Nationwide NFUM Rank Foundation 5crewfix 1,000.00 9,424.00 539.49 1,650.5Q 189.13 0.00 0.00 0.00 0.00 0.00 1,000.00 9,424.00 539.49 1,650.50 189.13 0.00 0.00 0.00 0.00 0.00 Total P&L 39,532.14 94,821.00 128,493.16 0.00 S,859.98