CharityRei15tratson No. 1097rn Company Re8lstr¥llon 140.114478819 IEn8land and Walel PATH (PLYMOUTH ACCESS TO HOUSING) LTD ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 OLDMLL
PATH {PLYMOUTH ACCESS TO HOUSING) LTD LEGAL AND ADMINISTRATIVE INFORMATION Thlstees Mr D Mlllar Ms N Sarlaka MrG Wheeler M5 J Ing Mr L BuiJ8e Mr C Mcclellan Mi55 J Beer (Appolnted 22 Othober 20201 Secretary Mr M Taylor Charltynumber 1097772 Cpmpany number 04478819 Re815kd office 2842 Plarwell Court Western Appmach PLYMOUTH DEvon pu ipy Audltor Old Mill Audlt LLP Blshopbrook House Cathedral Avenue WELLS Samer5et 8A5 IFD
PATH (PLYMOUTH ACCESS TO HOUSING) LTD CONTENTS Trustees pOrt 1-14 Ex%udve director'5 report 15 Independent audlto¢s report 16-18 Consolidated statement of financlal actl¥itse5 19 Balance sheet 20-21 Consolidated and charity ststement ofcash flow5 22 Notes to the accounts 23-42
PATH (PLYMOUTH ACCESS TO HOUSING) LTD TRUSTEES REPORT IINCWDING DIREcfoRS' REPORT) FOR THE GROUP FOR THE YEAR ENDED 31 MARCH 2021 The Trustees pr8sent thelr report and financial statements forthe year ended 31 March 2021. The financral statements have been prepared in accordance with the accountlng policies set out In nete I to the financial st&ement5 and compty with the charltys 8ovemlng document, the Companie5 Acl 2006 and"Accounting and Reporn8 by Charitie5- Statement of Rernmmended Prartice applicable to tharldes preparin8 their accounts in ccordance with the Financiaj RePOrn8 Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective i January 20191" Oblecllve5and a¥eS Path 15 an independent chartty supportlng people who are vulnerable to hDmelessness in Plymouth. Devon. We do thls by offering a range ot advice and 5UPPOrt servlces, from help for rough 51eepets on the Street through to enabllng peopleto Set up and maintain tenancie5. The charl$ oblecbve5 are that of relievins poverty wlthin the aty of Plymouth and beyond, by providing assistance tc those In heu51n8 need. Governancè Path h85 a clear Structure, with a board of trustees overseeing the charlty and a Director, SeCe managers and oper*lonal workers. We constantly look to enhance how we run Path.. from improving policles and plannln8 to reviewing seNices.' upd?fjng jolj descriptions and reviewln8 Path's publk beneftt, ensurlng that we contrfbute fulty to the Communie$ in which we work and 5tsy ielevant and effedve. The Trustees have pald due reBard to Buldance Issued by the tharity Comml55ion In decldln8 what 4ctivlties the char should undertake. Achlevements and porforniance KeyStaUsiic5 20201202L Our Rough Sleeper team evidenced 306 people who were Stet homeless Our Renting Support team moved 262 hoyseholds Into prfvate rented accomrnodation The H155 Advice team gave advSce to 978 people vla phone advlce Ilne alone The Re5ettlernent Team accommodated 240 people in ourtemporary housing Servkes RevRw Aprfl 2020 to Marth 1021 Rou8h SleeperTearn The Rough Sleeper IRS) team work% to Teduce and prevent rough 51eepin8 across th¢ ctty In Partnershlp with other housiw and support providers. For u5, the work Is funded wlthln the Plymouth Alllance CDntrart and partnershlp. The team carries out early morniw outreach se5slons, Whe workers find and engage with thcse on the street. Our inltial aim Is to ensu the person's weware, alongslde stsppordn8 them to comè off the street. This work entails 5upportine people, dlrectly, and linking them with other aRen¢ies for support and access to acthmmodation. In 2020/zi ourieam èvidenced 306 people sleeping rowlh in Plymouth, a IO% decrease on the pmiou5 year, reflecting sha¥ed progress in preventrn8 Street homerSnesS. 238, rnale 68. fernale 218 had a local connection to Plymouth 71 of those evldenced were known to us in pre¥lous years.
PATH (PLYMOUTH ACCESS TO HOUSING) LTD TRUSTEES REPORT (CONTINUEDI(INCWDING DIREcfoRS' REPORTI FOR THE GROUP FOR THE YEAR ENDED 31 MARCH 2021 Despite lockdowns, numbers were conslstent April- NovEmber however, there was an obvious de(aSe In the numbers of people out towards the end of 2020. wheTr the nl8ht shelter opened. Run by BCHA, thi5 15 made up of 10 5eff- contained bunk5 and 2 pods for peoplè tg 5tsy overnS8hL In¢aSIng accommodation option5 for people at risk of sleeping rough. A5 an Alliance, this needed to be adapted this year to ensure people were not sleepin8 in communal space5. We also had to invoke the severe weather rmotocol ISWEPI twce durin8 the yeari providin8 emergency indoor evemight space for people who were out. Both occaslons We for low iemperatures, once in Jznuary for 11 night5 Iwhlch was a recordl and once in February for 10 nights. Thi5 proved challengln& as we were not able to use communal space5. Jolntly working wf(h PCC, BCHA and other agencies, we were able to ènsure anyone who was at rlsk of rough sleepingi had an offer of accommodatyon. We are 8f*eful to the Plymouth Soup Run for bÈln8 such a vital partner in that land much else). Rough sleeping numbefs.. The MARS IMuTti-Acenty Rough Sleeper) team is the intenslve 5UPPOrt part of the Rough Sleeper team. It's 8overnrnent funded initiativÈthat was est8blished in Juty 2018, with Sheklnah tontributin8 a member of staff. Each worker is allocated a small case load of people to work with on a one-to-one intenslve b45i5, to support rough sleepSn8 cllents into their own accommodation. They contTnue to 5UPPOrt them to help sustain their tenancy and address any addltlonal needs th8t may oiherwlse cause the ¢lient to return to the streets. The luxury we have with thi5 Service 15 there is no'end date, for our cllents. we understand thi5 work will not be a quick or easy proce55 50 we w)rk with cliernts at their pace. During 20221201 49 people received on80in8 SUPPOrt Of these 49, On 3 remaln on the streets havlng all been street homeless at some polnt. A 518nificant change fur u5 this year wa5 Path takin8 over the houslng mana8ement of the MARS house. Thls is speclfic accommodation for MARS clients who were strugglln8 In altern8bveforms of housing. This accornrnodation is sUPPOrted by ihe MARS staff to upskill the re51dents while 5UPPOrtln8 them around thelr physi¢al. mental and substance misuse issues. It 15 a model like no othér in Plymouth In that we will work alongsi(le people, in a residential sethng, while working on harrn reduction and support them to Ilve a healthier life. We do this in collaboration wr(h Harbour. GP5, Hep C Trust, our Alllance heakh care assistants and rnany otherservices.
PATH (PLYMOUTH ACCESS TO HOUSING) LTD TRUSTEES REPORT ICONTINUEDI{INCLUDING DIREcfoRS' REPORTI FOR THE GROUP FOR THE YEAR ENDED 31 MARCH 2021 Case Study.. L came to U5 street homeless and In a 51tuation where because there were alle8alons of anti50clal behaviour and drug use arid deallng. No 3gency Service or landlord in Plymouth was willlng to h¢use hlm. He was regarded as an ?nJ-social drug dealerwf(h a IDng hi510ry of sleepln8 rough and refusin8 offers of ac¢ommodatlon. Mvltiple en8a8ements with police dueto bq8ing ar related crfme. We took a caltulated rjsk by offering a roorn in shared house managed by us wlth one main rule- not to have vlsltors,. and as lonE as he cooperated with staff e.8 allowlnR roorn checks and followlne a hann rEduction model, we took pragmatic, hami redudon approach to his ongolng dnJ8 u5e priorltising h5s safety from Covid. He loved havlng his own room and enjcryed the feeling of warmth safety of belng howed, rt has given him a5plrntions that he dld not have before. By 5ettin8 up a bank acwunt we have been able to start the process of independence. He nowRets paid weekly into his own account whlch he love5. By bullding a very detaileij pitture of hls past and his mentsl heahh, we were able to put that into words for the GP which led to a prestription whlch, together with his rnethadone, allows him to actually sleep. We Introduced hirn to a Houslng Assoclation and advocared for him leadin8 to hlm being accepted for pemianent social hou5in8 and Ilned tsp an Adult Social Care assessment. This wlll was a long and ijellcate process but the disclosu of so much ol hls background and feats wlth staff was a milestone and a vial step on hi5 way forward. Re5etdement Out Resettlement service provides temporary atcommodatiun to single people who are homeless. We run an increasing numbèrof shad house5 Ill the community. as acce55ible accommodatlon for people who need sornewhere short term, enablrng people to be slfe and secure whlle we help them plan fortheirown accommodathon. The scheme is completely self-funded from the nts1 Incorne, from houses we run cornpletely ourselves and some where Reestart IS the landlord but we do the houslng rnana8ement. Pr&pandemic people typicalty stayed for up to 13 weeks; but our aim Is to reduce the lewh of Ime people can stay, acknowledging we want peoplè in their own tenancies sTr)ner. During the flrst lockdown. we tODk on an addrtlonal 44 rooms in a very Short space of tyme. This was a part of the City's approach to 'EVeryOn1n. where we were able to offtr fast access to anyone who found themselve5 homelèss a5 a result of the pandemlc. Numbers 240 people housed In year 138 people who moved on successfully 19 weeks average stav The average len8th of stay increased thls year. not drastically but is in correlation with fewer landlords ¢¥rryln8 rnovin poople into perrnanent accommodation during lockdown 1.0, le55 avallabilty of affordable accornmodation and us at Path 5ee5n8 an increased need of support In our accommodattun and therefo people belng less rea to move un quickw. Case Study.. P wa5 rough sleeping in the Toys R Us carpark for two years btfore acceptinB accommodabDn under the governma 'Everyone In. programn)e durin8 the first lockdown. He was Initially sleeping on the floor In a B&B. We mo¥ed P Into a house after a few days and established that P had an addlctTon to alcohol, had undiagnosed MH and was using different name. P had no doeumentation apart from a post office card where he reCed ESA payments bi-rnonthly under the dlfferent name.
PATH (PLYMOUTH ACCESS TO HOUSING) LTD TRUSTEES REPORT {CONTINUED)IINCLUDING DIREcfoRS' REPORn FOR THE GROUP FOR THE YEAR ENDED 31 MARCH 2021 Once sertled we had to estab115h identity SD Wlth the help of the Police, we were able to flag thi5 wlth Adu Soclal Care for an assessment and claim benefits for his huu5ing. We were 3ble to usè MARS IMHCLGI money diJrrn8 thi5 time for additronal support. Due to lockdown Strion$, referrals were dlfflcult and P was experiencing hi8h levels of anxiety around new staff and a5sessmenis but we managed to persuade P to en&a8e and establlshed ASC support of 12 hou to *in with. Thls then qualified P for supported accornmodation with Colebrook. After a year in our xcommodalSon, we went and viewed two properues and hè decided to rnDve into è room that has a view of Mountbatten. ThEteam were klnd and padent wlth P. enablln8 US tc work wtth him at his pace to get the best outcomè for him. Pitture of Accommodation.. Noun13dv1ce and sUPPOrt The Housing Information. Signpostin8 and Support 5ér¥ice providES (HISSI support to slngle people in Plymouth who a vulnerable to homelessness, e5pecSally people with complex needs such as health issues and offendln8 histories. Prowdlng indivldual 5UPPOrt to people wha a mar8inalised and / or vulnerable to homelessness can ullAmately enable them to live independentW; and14virni independently is the Eoal wè want for a5 rrany people as possible. HISS support is More than just help to keep or gain hou51nBi It includes an undermanding thai housing is vital for people to be safe and well.. and also that being safe and well Is vital for people living indepEndently. The support thereFor2 tend5 to be provlded by staff members worklng one to one with the person, lookln8 not just at how they keep or secure their home (income, budgefjnK, advacacy, furniturelfurnlshin8s, bills, responsibl11eS and rights etcl but motivalonal work too,. howthey spènd thelrtime, what they aspirè to and their health and thelr social links.
PATH (PLYMOUTH ACCESS TO HOUSING) LTD TRUSfEES REPORT {CONTINUEDI(INCLUDING DIRECTORS. REPORn FOR THE GROUP FOR THE YEAR ENDED 31 MARCH 2021 Thls . people could access HISS support8 a phone line, or vi8 a reftrral from another a8eftry. Referrals 176 were alloczted to a relevant housing support w0r IS referrnls were slgnposted elsewhere/ not ellgible or did not requlre a servi Athce Lkne Calls At the start of this year we had to rethink the way we were provldln8 5UPPOrt, a5 a bl8 part of HISS and how people cce55ed our service was via our drop in al the Hirwell Centie where people could get acce55 to imrnediate support. Tu enable people to still get the support they need, we started the'HISS Advice Une, which has proved really popular for cllents and other a8encie5. The ace line Is available five days a week. IF people we speak to requi rntsre support followinB the phone call we takethem on as cllents. 978 people ¢¢ntsctedthe advice Ilne and were given on the spot houslnE advice 180of thesè tsllers were offered a case worker Housl Su 429 people received Housing Support and advice during the year 3835 pieces of work weffj record8é a5 bein8 done for these cases In Out(ome$ at dosure 155 peopl& wÈre 8Nen a¢Jvlce and/or si8nposted to other Services 32 secured a Private RÉnted Tenanwand were 5UPPOrted to malntain It 15 Secured a Social Housln8 Tenancy and 4vere supported to malntain it 32 secured supported ortempordry accommodation 30 We assisted to maintaln their currenttenancy Work done fthls dtses Ilot Include our PrO1coderwOrker who uses4) differert recordlngsysteml 1036 piece5 of partnership work 195 pieces of work with Universal Credit / Housing Benefit 177 tsndlord contartsl accommodadon searches 78 referrals tothe PRSSTeam / another agency forsupport 61 A2A5 were complet 58 benevolent fund l DHP applicadens sent 34 1e5 contacts 28 people had theirlncome maxlrnlsed Benevolent Fund Kffon £8081.5? was secured In benevolent fund money for HIS5 cllents during the year Som• than from Cllè '1 just wanted to messa8e to let you know frn doing real well at the moment and just to thank you just started a new job part tlme and been looking afterthe flat not usln8 It as party den no more lol. Just wanted to thank you now I have a clear head for pthting up with me and helplng rne when I needed it because I really wouldn't be where l arn now If It wasn't for youll 'Path was very good tD me and Trdcey was very helpful in 8etting mè help I didn't have a lot and under lockdown was offered a home and nry daughter 8Ot In touch with path TracÈy and she 8Qt me a nice fridge and washing machine and some flooringthe stres5 was of mè better then can't thankTracey enough in her helpin8 me big thankyou and God ble5S YOU, hank you for putbns me In the rf8ht direction and I canl say more th3t that but I can Say this, l apprecSated everything you done on my behalf from helping me out found accornrnodatson when I wa5 in deepest tmublè and agaln your help eontrlbute a lot to me once on my own only it will be a bit difficult, so you know what7 Old sayln8 that when one door shut another is welcoming open that 15 sornethin8 I wlll neverforgetting to the rest of my Iwe.,
PATH (PLYMOUTH ACCE55 TO HOUSING) LTD TRUSTEES REPORT (CONTINUEDI(INCWDING DIREcfoRS' REPORn FOR THE GROUP FOR THE YEAR ENDED 31 MARCH 2021 'When I first went to Path my life was cornpletely unmanageable and I was faclng eviction. I never expetted the help I would get. Tracy rang up my landlord and arranged a meeting. From there we managed to get myself another chance on my tenanry and the support I received was ama21n8. In the last year I have 8onÈ frorn Strength to strength and thanks to P3th 8Ot fundin8 for a washing machine and my be¢Jroom carpEt. Also th¢ emotlonal support I receNed has made it possible for me to have a good Ilfe. Thank5 for all your support. you have chan8ed rny life., Case S ud C was referred to H155 frorn the Complex Needs Team. She 15 an IB year old female at rlsk of exploitation. from others and self, substsnce misuse i55ues, mental health issue5, Sex workln8. At the Ime of referral She was sofa surfing between mum's and a current boyFriend. A meeting was set up for C at the Zone wlth me antl the Harbour worker however due io a psy¢hoJc episode she w?5 unable to attend and wa5 seen by the first rèsponse tearn at Avon house,- her mothertook her to thi5 appointmerbt. l spoke wlth her mother the day before Chrlstmas Eve and she said C wuld stèy there over the Chrisim35 perlod, however rnum 5U5peaed Cwas using substances intravenously. On Christmas Eve I received an email from PCC 5tatin£ C had been tiken to PCC by the policè as she was now street homeles5 and they had placed her in a 8&B. PCC asked LLS to house her a5 she stated She was not staying at the B&B and Staying with an unknown male. l emailed the necessary Information to Prlmr05e and C wa5 offered a place. C has been colle¢ting her prescription dalty, maintalnln8 her 3CEornrnodation, en£a8in8 well with the Staff, adherfn¥ to her Ilcense agreement and Is attending the FedOrn pro8ramrne that 15 offered In Prlmrose house. Rele IntratIon SeTvicÈ IRIS) RIS Is 3 mulu-agency partnership formed of Path. START, ODILS and PDREC to 5UPPOrt refugees In Plymouth. Thi5 tontract Is funded underthe Horne Office Vulnerable Person Resettlement kherne IVPRI and 511PPOrts'. Farnilles frorn Syria under the 5VPR Scheme New zrrlvals ThIn11hrOUgh Family Reunion Refugees granted Leaveto Remaln who live In Plymouth Current fUgeeS who YUld benehtfrorn inte8ratyon support. Paths. work In 2020121.. CIiEnts supported into tempurary accommodation.. 26 Client5 helped to move into tenancie5 in the prlvate rented settor IPRSI.. 22 Clients helped to move into social hou5ing.' Famlly U10 cases supported.. 3 Mo¥È on Seryl¢e As part of the national reswjnse to Covid-19 we were awarded a grant from Homeles5 Link and the Mlnlstryfor Housing Cornmunitie5 and Local Government {MHCLGI. The 8rant was aimed 3t supporbn8 people to move on from our emergency ternporary accommodatlon Into settled accommod*on. The Work was carried out brfween July and October 2020. Ourtearn.. Supported 55 people into settled tenancies Supported 8 people into other forms of accoMmodon Processed applications to a MOvn fund for 76 people; spending £25,OJO towards helping people to move on Inio settled housin8 Support@d by Minsty e4 Houslng. Communities 8
PATH (PLYMOUTH ACCESS TO HOUSING) LTD TRUSTEES REPORT (CONTINUED}(INCWDING DIREcfoRS' REPORn FOR THE GROUP FOR THE YEAR ENDED 31 MARCH 2021 R¢lltln8 SupportSeNlce IllSSI Referrdl Durlng theyear we r1Ved 6Q7 referrals.. 67 Priorlty Cases from PCC, 269 Stngle Non Priorlty, 92 YP, 117 Offender, 61 Move OTh Wor*er At the end of March 2021 there were 268 referrals S11 open and being warked with by the team to secure prfvate rented accommodation. Dt5Plte 3 national lockdowns. durlng the year we mcwed 262 people Into prlvate rersted accommodation; 182 of these werè housed with dep051t guarantees to the value 01£59,326.96. 64'prfortty' cases, where Plymauth City Council has a duty to 5UPPOrt 55 5ingle.non prIori cases (not owed a duty to be housed) 22 Young People 23 Offenders 9 Move on 89 people were Moved Into accomrnodarfon wtihout a dep051t guarantee. We ra15ed £51.952.43 over the year from benevolent furTrd5 towards the cost of cash deposit$. nt In advance, whlté goods and furnlshings letcl. We are currenttyff nding that we have rooms available, but a very short supp of l+ bedraorn properbes. We e1 th15 1$ due to the ban on evlction5. people not wanting to move during the pandemic, and people moving here frorn out of area, We EÉt lots of thank5 from tsnants thit we assist and support Into tenancies.. May I lust say thank you very much for 50rt1n8 out rny bed payment for me. It rnean5 more than I can put into words, can you pa55 on my gratitude to her as she has sUPPOrted me endlessly slnce I have been released frorn pri50n thanks again. Due to personal tir(umstanee5 and becomln8 homeless and losing my job due to the virus I had been horne1$ for while. I recewed a referral to Path who have helped m@ secure my own room so l am no longer homeless whlch also gives me somewhere I can access a doctor's surgery and look at going back to work now I have proof of an address. Al¥ Esther and Pavl have been nothlng but helpful and have helped me through the whole process goin8 above and beyond. This semce has helped me so much already. Savln 171 people were supported to Set up a account durln£ theyear. £63,492.93 was saved by our cllents ift the 212 accounts that were closed during the year, a whopping 80% of the full value of the depo51t guarantee5 beSng saved for. These monles were either furwarded to landlord5 to replace the dèptssit 8uafdntee or used to offset the CO to the alllance uFa clalm on a deposit. Clalms We have seen a hlgher than average claim rate at io%, this being where ? tenancy end5 and there'5 a clalm agalnst the dep051t guarantee. In the first two quarter5 we had a hi8her level of abandonments due to people leavin8 to move in with famity/partne etc; and people fleeing their accommodalnn duE to the nature of other residents, behavlour1attUde to IrKkdown rules. We have a150 allowed the length of thè DGS to be extended In eas where a tenant was due to be evicted but couldn't be due to Cunt coronavirus legislation.
PATH (PLYMOUTH ACCESS TO HOUSING) LTD TRUSTEES REPORT (CONTINUEDI(INCWDING DIREcfoRS' REPORn FOR THE GROUP FOR THE YEAR ENDED 31 MARCH 2021 Landlords We have started worklTr8 With 26 new landlerdlaBeThts during the year. We made 1126 contacts with landlords on beha of our clients. Every week we produce a 'Property BullEtin' which we send out to all Alliance colleagues lover 1001 to a%i5t them to nd accommodatlon lor thelr client5. To produce thrs we have a Ilst of 114 landlordslagents that we call that have agreed to be contacted on a re8ular ba515 for Infomation alx1 Yacandes. We also search Rl8htmove, zoopla, Openrent, Facebook letcl regularly to tTnd new landlords. Tenan Tralnln Durin8 the past year we havp delivered out Terbanry Trainlng pffjgramme to over 100 rnernbe of staff frorn acr05S the Alliancevla 13 Zoom 5ession5. We have had somegreat feedback= Thank you fortaking the Ime to delwer the training. I found It really helpful to distln8uish between factors such H5 the difference In UC payments and Housing Benefit for rent. It was very Intere5tin8 to know about the dlfference5 In tenancy ?Breements regardlng social and private housingi and the differew Sections wlthin the law that can be used to evict tenant5. 1 found it very U5Eful to find out the re5ponsibilltie5 of both teThants and landlord5. and also the t17in85 to lookfor/questlons to ask viewlng differenttypes of accommo(lation. Overall, I found thi5 traSnin8 extremely clear and easy to understand; althou8h hous1/tenanCIeS can be quite complex. was explained in a way that W85 simplified. It was engaglng and covered thing5 like the advanta8e5 and dlsadvantages of both social and private housln8, and to be able to convey these thoughts back to service u5er5 may be very beneficial when they are unsure on what rDute to take. It was nlce to be 8wen the opportunlty to ask any questions too. Easylèt Aims To reCrt landlords and thelr properties on to the EasyLet Scherne and Syrian Scheme managed by PH4L or seK- managed and be specificalty used to house vulnerable homeless households approathlns throuih PCC Hou51n8 Opbons and the Home Office. ro help raise property andardS acf055 the clty, by educating landlords and en5urin8 all propertles meet the decent home5 standard and are free from Category l Hazards in line with HHSRS. This year covered a perlod of full IDckdown due to Covld 19, followed by re5trfdons which have had an effect on the housing market and therefore the Easylet SeNIc Des thls we have been workln from home to remote units of accommodation and housed 58 household5. rt landlords and tèn Thtsandh secur 48 new Wlth the HMOS we 5upporL we lnitfal spent trme speaklng to and suppordng tenants Mth regards to safety and vlsr(ed propere$ to put Informa0 up in communal areas. We have seen an Increase In work suppor6ng tenants and landlords around breaches of Covirj restrictions. We h150 Started to Prnde tenanries, our5elve$. wlth fundin¥ frorn Crisis. There are currently 130 properties12 unlts of attornM0daonI slgned up to Ea5ylet. During the year we secured 27 new propertles148 units of accomrnod8fjonl for Easylet. These are made up of.. 6 x HMOS cornprisln8 of 26 r00rn5 IlxlBeds 6x2Beds 3x38eds 2¥4Beds
PATH {PLYMOUTH ACCESS TO HOUSING) LTD TRUSTEES REPORT (coKllNUEDI(INCLUDING DIREcfoRS' REPORTI FOR THE GROUP FOR THE YEAR ENDED 31 MARCH 2021 58 household5 weré sypported into accommodatson brought on by the service - 24 of these units of accornrnodation were'retycled. . 55 of the 58 are still in theirtenancies Other outcomes We setured a grant of £20.0 from the DP5 charity to use towards work5 required on farnllv properties that didn't meet decent home5 stsndards, in order to bring them on to the stherne. This money is recouped through rent by PH4L the soclal letbng aeeThry we particularly work wlth. Togetherwlth the monSesfrom MHCLG forthe Loral Lettin8s Posts th15 year £23.196.07 ha5 been spent on propwries £19.626.60 has been recouped AII HM05 signed up wlth PH4L are visitedlinspected at least evèry 2 week5 by an Easylet worker to ensu cLimrnunal areas are belng looked after and residents are happy Tenants are bein8 5UPPOrted in their tenan¢ies by the Easylet workers to LY15ure the tenancles a maintained. Ice Promodon Desplte Iixkdown, we stlll had 82 enqulrles from landlords over the year. These landlords were spoken to over the phonÈ about the 5ervlcEs Easylet provides 3nd sent Informayon via email. 29 propertie9 WEre inspected. The Easylet Team re8ularfy chetk property Sites and send inforn)8tion to landlords vertisIng their properues to rent to See rfthey are iTrtereste¢ in slBning up to Ea5ylet/ houslng tenants comin¥throu8h PCC. We continue to prornote Easylet on the Path Web51te. Thls year, we hive found Securi propertie5 for familie5 more drffictslt as people have not b2en mowng due to the pandemlc. Case Stu I met a landlord in August 2020 who had four HMO propere$ that were prevlou51y5tvdert attornmodation. Dueto the pandemlc and lack of students needin8 accornmodatron, the landlord Invitèd me and PH4L to vlew the properbes. Two We of interest to EasyletlpH4L a5 they We in very tidy condition and good ¢entr31 locations. Total r00rn5- 11. PH4L completed their paperwork and I completed two full InventDries of the house$ and advertised them as Ewlet rooms, takin8 on tenants who were recommended by the Resettlement team at Path. I completed vlewins5 with all Potential tenants and arran8Ed their moves into the property, Some In the same month, Au8¢J5t 2020. The landord is hèppy with the ser¥lce E15ylet provide5 of comrnunal checkn every two weeks and room checks every three mnths. Any health and safety concerns are reported diwly to thls landlord who responds prOrnpt. Tenants a familiar with communal checks and If they Ire In communal areas, they will stop and speak and if nece$50ry report any room defaults. One tenant needed o verbcal bllnd securing to his wlndow frame which I was wlllln8 to complete and another has locked himself otrt of his room 59 I w51ted the property wlthin 20 minutes with the spare keys to Set hlm In. Plymouth Frohdlne Network Poth i5 pleosed to bÉ u member ctAthe notionol Frontline Network ¢ind o portneroA5t Muruns In The Fields, kvhlch runs it. Withfvndlngfromst Mortin4 we run a locolnettvorkfvrstoff wh05UlWOrtpeople vulnen7ble to homelessness. Forthe Plymouth Frohtllnè NetWDrk IPFNI the alm of supporbng the health and well-being of tollea8ue5 hal been more importantthan ever in the lastyear. Exattly how tc effectively and sen5rfvely do that durln8 a pandemictook some Ilme to work OLrt. We needed to qulckly get to grips wlth provlding an online presence for events ènd training 5e5sions. Slfting thmugh hu8e amDunts of ever chan8in8 information Meant our monthly newsletter5 effethvely helped our ccllea8ue5 receive the rn05t important news and update5 all in one place.
PATH (PLYMOUTH ACCES5 TO HOUSING) LTD TRUSTEES REPORT {CONTINIJED){INCWDING DIRECTORS. REPORn FOR THE GROUP FOR THE YEAR ENDED 31 MARCH 2021 We worked very closely th the Traum? Informed ITII Plymouth Network and supported the dellvery of Trauma Informed trainSng sessions across all Plymouth servicas, as well as linklng wh colle¥ues outside of Plymouth to provide online ll communication training in October. We have worked whh the Dentlstry School to support their students. as part of thelr Comrnunity Engagement PrOgMMe, to understand a little more about homelessness and how important being Trnuma Informed Is when worklng with vulnerable patients. her online sessions that we were able to pmvide- Jolnt Navlgator rneet UP5 for the whole south West rp4ion, In partnershlp wth MEAM IMakln8 Every Adult Matterl 16 Day5 of Artivlsm Event suppordng the Nattonal events against gender Pjased violen. kIng with Plymouth City Council's Safer CommunIe9 & Ahlm5a. Meet with a new Livewell team- FiJSE IFQuent Vser Support & Empowerment) and an introducdon to the High Intenstty Use pro8ramrne at Derrifofd, who idenllfy those that would benefit from the support of a workerfrom FLISE. We have learned over the past year how Important our connedon5 are with colleagues. not ontyfrom our own servke, but from partner services wSthin the City and indeed across the UL We have learned from what the Frontllne Network communFty has told us. that we a poorer without those connection5. We receive 5UPPOrt from them, by knowing we are not alone and learning from each other. This year, out of all the uncertalnty and panic. we have learned how much we can achievetogether. Flnanclal r•vlew The reserves of the charity that a freely available for use at the Year end are a deficit of £332,87412020:£140.9711. PATH are commltted to boin8 flnanclally prudent and stable. This policy notes PATH'S speethc stance on having de51¥nated 'reserve' funds io fulfil 5pecffic needs. Designated funds at year end are £752,354, without these funds de518nated, the level of free serveS would be £419,480. PATH has an obllgltion to set aside funds to meet posslble redundancy obll8aJons: also to allow for contin8encies, such as delay5 in and/or withdrdwal of fundln¥. The alm of thls Is to minimlse distress and dlsruption for stsff and clients, as well as to meet any legal obll8ations. io-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD TRUSfEES REPORT (CONTINUED)(INCLUDING DIREcfoRS' REPORTI FOR THE GROUP FOR THE YEAR ENDED 31 MARCH 2021 In¢ome Plymouth City Council IPCCI funds several of Path's services, that work now being part of the Alliance contract. We 3150 receive Rough Sleeper Inth3tive fundln& rnoneyfrom central govemment IMHCLGli agaln wia PCC. We also received fundln8 from the Pmbaiion 5ervlces (National Probation Service and the local Community Rehabllitabon Company: 51, SUPPDrfng our private nted work for offenders. noted above, Homeless Link and MHCLG also supported Move On work. Charilable funders in this period included: Crisi5 and St Martins in the FlÈld. We greatly appreclate all the 5UPPOrt and fundlng thatwe receive. As we arè now an COMmOdatiOn provider in Plymouth, we a150 receive income from nts, enablln8 US to provldÈ accornmodation for people most in need, both lernporary and now tenantie Fundrdlslng Wlth fund-raising, we are lucky and 8rdteful to have the support of various indivlduals, community 8roup5 and enterprf5es, whD voluntarily raise or donate funds to help our clients. includln8 The Pengubn Pub in pm0h. We do not employ fund-raisers, contact indlvidual member5 of the public or have any aifeement5: and we have had no complaints related to funda151n8. Webslte Our webslte ig Used as a source of information for13ndlord5 and other agencles as t¢ what we do, and also for staff recrultThent. We now also have a section for articles we write, to Share with others.. htt athde latest-news-erucles Twltter We continue to use Twltter and have over 1,400 followpr5. We usè our account t0 Share news and Inforrnatron about Path, partners, housing and homelessne$5. You can ftsllow us @l)athDevon. FundlngPartner5 Frontline Network The Trustees hès assessed the rn3jor risks to which the charty is exposed, and are satisfied that Werns are in place to mitigate exposure to the major risks. li-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD TRUSTEES REPORT (CONTINUEDlIINCLUDI DIREcfoRS' REPORn FOR THE GROUP FOR THE YEAR ENDED 31 MARCH 2021 The pl0h Alllance Path Is an artlve mtrnber of The Ply1}Yth Afllance, along wlth six other servlce provlders and Plyrnouth aty Councll. The origin5 of The Alliance go back several years, with a few Ptyrnouth 5ervlces and some commissloner5 looklng at how organi5atton5 can work tO8ether better. more based around the needs of people using services than specific council contracts. The Alliance therefo brings together prevlously separnte work In homelessness and substance use, making it all one contract that is planned and overseen together. It'5 a huge, innovative change in how things are done. wlth new systems and stwctures having to be set up and new opportunlties for working tQ8ether. Three core elements of Path's work land identity) a in the contract.. ugh sleeper support, housing advlce and suppjrt and private rented access work. So Path Is very definitely at the table. That rneans belng part of mÈetin85 and plans, sharing responsibllity across services and workln8 on what wt can do together. from workforce development to use of buildings. For u5 at Path, that doesn't lust mean takin8 into account seTricesthat are funded by and as part of The Alliance.. wewant all our work ali8ned and effective. htt the mouthallia nce.co.uk HOunIThe Homeless Dulln8 The Coronavlr Durln8 Covid, partners in The Plymouth Allian¢e worked hard to house people wlwj were homeless. With the Initi31 lockdown that meant responding different for many, as we couldn't move peopte out ol temporary accornrn0dO in the way land the numbersl we usually would, Moving them into theSr own iccommodation., and therefore we couldn't free up th05e ternporary sp•ces for 'new' PEopfe. At the sarne time, we %Yorked hard on the everyone In, approach, almini to have no one sleeping rough. We needed to respond to.. Moving people whowere In communal space Intotheirown roJrns Movin8 people off the street Moving people out of B&B Having options for people newly psentin& often to the Councll Providln8 fdrnily home5 There weré fourthin85 that Alliance partner5 dld, In particular. lo meet these needs and aims. i. rake on two very lar8e propertiesfor people with more complex needs. 2. We at Path took un 44 room5 for le55 complex homeless people 3. Community Connection5 and Path worked to get famille5 housed 4. Ensureshared coordination of access to temporary accommodaUon At the sametime Alliance partner5 continued to provide exlstin8 housin8 and horneless services. Includlng.. Rough sleeper outrezch Hostels Othertemporary accornmodation Nouslng advice and support Access to private nted hou51n8 All thi5 meant that there were decent offers for many people in a time of crisTrs, with number5 In B&B belng higher but bein8 rnanH8ed all theMe. The priority then was to rnalntain and develop that. 12-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD TrUSTEES REPORT ICONTINUEDIIINCWDINfj DIREcfoRS' REPORn FOR THE GROUP FOR THE YEAR ENDED 31 MARCH 2021 strntture. 8ovemance and mana8tment The Char Is a registered compzny limited by Buarantee and is governEd by Its memorandum and artitla5 of asSL130n, dated July 2(2, wised and agreed at thè AGM In 2008. None of the trustees ha5 any beneficial interest In the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The company has a management commiTtee cornprisinff all Members uf the company. The Commtee members arè dlrectors and trustees of this charitable company. The cuTnt Member5 a recorded on the company infomiation paKe. The number of members of the board shall never be le55 than four and not re than nine. At the annual general meeting all trustees who have served for three years shall retire. The company is constituted under a Memordndum of A55oclation dthd 12 June 2002 and is a reslstered charlty number 1097772. The charfty's objecbves are that of rèlievin8 poverty wlthln the Clty of Plymouth and beyLind, by providing assistance to those in housln8 need. The objects of the charity are achieved In accordance with the charity's Constitudon and the Arricles and Memorandum ofAssociatlon. The Trurtees. vtho arè also the ijirectors forthe purpose of company law, and who served durir6 the year and to the date of signature of the finarKlal staternents were.. Mr D Mlllar Ms N SaAaka Mr G Wheeler M5 J Lalng Mr L Budge Mr C Mcclellan Mi55 J Beer (Appolnted 22 Ortober 20201 The rnanagement of thè company is the responslbllw of the Trustees who a elected and tOknOPted under the Arbcles of Assodation. The Chief Executive Officer ICEOI works to and with the board, being the primary dele8ated role forthè board fuhf Ill its obligatlons. Managing and devèloping Servi$, obtalninE contracts, reporhng and responding to leglslabon are all part of the CEO role. There are algo designated managers. wtho dirÈctly manage 5ervlces and staff at an operational level. Mana8ers work to and wfth the CEO to ensurethat services are pftjvided lairlyj prOf$lonallY and effèctively. Path has a clear 5trutture. wkh a board of trustees overseeing the charlty and a Direttur, service manaEefS and operational workers. We constant* look to enhance how we wn Path.. from improvtn8 infom7ation and policies to revlewing 5ervlces,' updaling job descriptions and wlewing Path's pub15c benefit, Ènsurin8 that we contribute ful to the commvnthe5 In which we work and stay relevant ènd effective. We introduce new trustees to PATh in variou5 ways; plus we provide thern wlth a h3ndbook aboLrt the role of the trustee and their responslblltbes. Twstees are tncoLrraged to attend appropriate external tralnlng events where these wlll facilvcate the understsndin8 of their role as trustees. The Board of Trustees would Ilke to place on record It'5 8rnJtude to the Chlef ExecuVe and ALL meffjbers of staff In PATH for dellverlng another Impressive prclramrne of work durlng the year on behalf of our clien 13-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD TRUSTEES REPORT {CONTINUEDI(INCLUDING DIREcfoRS' REPORn FOR THE GROUP FOR THE YEAR ENDED 31 MARCH 2021 ConneLted Enlltles In September 2008 the TrLeeS established Mymouth Horno5 4 Let Umited io carry on trading aCtIe$ on behaLf ol the charity. The are five d1ctorS of Ptyrnouth HornE5 4 Let Llmited, one of whom is also 5ttretary of the charity- Ms l R Fllbv Mr l Maltland Mts G Kerr MG Gordon Mr M Taylor After 31 March 2020they operated as a separate Independent local social enterprfse. Statement of trustses re5pollslbllltles The frustees, who are also the d1CtorS of PATH IPlyrnouth Acce55 To Housing) for the purpose of company law, are responsible for preparin8 the Trustees Report and the financlal statements in accordance with applicable law and United Kingdom Accounttng Standards Iunlted Kingdom GeneralACCepted Accounting practi1. Company Law requlres the Trustees to prepare financlal $tstements for each financlal year whlch give a true and falr vlew of the state of affairs of the chadty and of the incoming resource5 and applicadon of re50urces, includlng the Income and expenditure, of the chari(atsle company for that year. In preparing thesellnancial Statents, theTrustees are requlred to.. - select suitsble accountrn8 poIKles and then apply them con515tently; - observp the Methods and prfnclp1¢5 in the Charltle5 SORP; - make jud8ements and esttrnatesthat are reasonable and prudent: stste whgther appllcable UK Account1 standards have been followed, subiert to ary materlal departures disclosed and explained In the financial 5ts1ements,' and prepare the financlal statements owt the 8olng concern basis unle55 it Is inappropriate to presume that the charity will contlfiue in operation. The Trustees are responsible for keeplAg adequate acc(nting records th dis¢lose with reasonablè accuracy at any tlme the financial position of the charity and enable them to ensure that the financial Statements comply wfih the Companies Art 2006. They are also responslble for safeguèrdln8 the assets of the charity and hence for takln reasonzble steps for the prevention and detecbon of fraud ?nd other Irregularlles. Dlsdosure of Infom0 to audltor Each of the Trustees has confirmed that there Is no informatlon of which they are 8war whlch 15 relevant to the audi¢ but of which the auditor 15 unaware. They have further confirmed that they have taken approprlate steps to [denfy such relevant InforMon and to establish that the audltor Is aware of such informa0. The trustees report was appmved bythe Board of Trustees. Mr D Millar Chair Dated.. -14-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD EXECUTIVE DIRECTOR'S REPORT FOR ThE YEAR ENDED 31 MARCH 2021 Dlrettoes Messaoe 2020121 was a very dffterent year to ones before, not just for but for everyone. Cowd-lg and its impllcation5 were massive. affectin8 every aspect of what we do and how we do It. Where perjple worked from, how we mmunICated, how we rnade ourselves accesslble and provided 5UPPOrt were all afferted. But we were clearthrouKhout that we must adapt so a5 tc be ableto respond to the needs of people who come to us. We kept our bulldin8 OPEn throvghouL with some staff rnernbws needing access so as to be oble to do thèirlobs. They carrled on 8oin8 In and moving around the City. seeln8 people face to face, visrnng vÈnue5 and propee$ but using PPE and social dlstzncing. othe moved to largely or Complete working Irom home, Contacn8 people via the phone and internet even more and doin8 whatever it took to keep providing 5ervlces. For a few, it wès a CombinaOn of these approaches. All were mmmltted to keeping goin& belng available and effedve and also learning as we went. That was vltal as, whSle many thing5 may have been somewhat on hold during the lockdowns, homelessness remained a constsnt. Indeed. in Plymouth the numbers of people presenting to the Council and servite5 meant cons1Stent deTrnd foradvice. support and accommodation. And ar8uably greater need to ensure people had somewhere 5afeto be. Hence the 8overnment'5 'Everyone In. Scheme, where local authorities and servlces wurked to help people off the street. Plymouth's spOnSe wa5 largely effective and wa5 Crted a5 a model of 8ood practice by the Local Government A550cl8hon. We were pleased to play our part in it. (See Housingthe homde5S.1 One of the thln85 that did as p3rt of that re5pJn5e was to take on more house5 to provide temporary accommodation. Our focu5 is always to help people move towards and Snto their own settled accommodation b somelmes people need 50methln8 sooner and mare flexible. We firmly believe that temporary accommodation therefore has its place,. but also that r( should be temporary. Durin£ this year we m¢)ved to having well over IOD rooms that we provlde in p0h. That Is a core part ofwhat we provlde: but we also made an imF)Ortant move to Stsrfn8to pe hou51n8 hrlenancies, a5 well. Indeed. we at Path need good quallty and offordable accommodaoon, run by flexlble landlord5, for our Clients,. and In 2020121 we became more one of the providers of that accommodation. something we will now build upon. There can be a lot of barilers to homeles5 PEople securln8 their own accommodatIon; Path's work and futu increasingly includes notjU5t suppoffjn8 pèople throu8h that but prodingI0r It, oursefve5. Mlke Taylor. Olrector 15-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF PATH IPLYMOUTH ACCESS TO HOUSING) LTD Oplnion We have auditéd the actounts cf PATH {PMouth Acce55 To Housingl Ltd Ithe'paMt charitll for theyear ended 31 Marth 2021 which comprlse the Group Statement of Financial Advthes, Ihe charity Balance Shèèt. the Group and charfty 5taternent of Cash Flows and the notes to the accounts, including a summary of siinificant accountTng policles. The financ1 reporting Iramework that has been applied in their preparation is applltsble law and Unlted Kln8dorn Accounting Standards, includlne Financlal Repurdng Standard 102 The Fina11 Repo4 Srondt7rd opplicoble in the UK und Repubf oflreland (United ngdoM GenerallyAccepted Accounbng Practicel. In our opinlon, the financlal ststements- give 3 true and fair vlew Df the state of the charitable Company's affalrs as at 31 March 2021 and of its incoming resourtes and application of resources, forthe ye?r then ended,. have been properly prepared in accordance wr(h United Kin8dorn GeThera1 Accepted Accourlng Practice: and have been prepared in accordanEe with the rèquirement5 of the Charitles Att 2011. Bas Igropknion We condutted our audit In accordance with InterThatTonal Standards on Audlttn8 IUKI IISA5 IUKII and appllcable law. Our responslbilitie5 under those stsndards are further de5crlbed in the Audttor'5 responsibl1e5 for the audit of the financial statements 5edon of our rèport. We are independent of the charity In accordance with the thhical requirements that are relevant to our audit of the fin5ncial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitles in accordance with these requlrements. We believe that the audit evtdence we have obtained IS Sufficient and appropriate to provlLfe a basi5 forour opinion. Condu51on5 rnlafjngto golng nCern In 3udlOn8 the financial ststernents. we have concluded that the trustee5 Use of the goln8 concem basis of xc¢untTn8 in the preparatrDn of the ff nanckal 5tstements Is appropriate. Based on the Mrk we have perforrned, we have not Identified any material uncertaknties relalJn¥ to events or coftditions that, individually or collectively, may c35t Si8nificant doubt on the charf(Is ability to continue as 3 going concern for perlod of at least twelve monrhs from when the financial statements are authorised for Issue. Our respon5ibilltie5 and the responslbllities of the Trustees wlth respett to Boin8 concern are described in the relevant secknons of this report. Other Infornialon The other inforn)aUon comprlses the Infomiadan included in the annual report other than the financial 5tatement5 and our auditols report thereon. The Trustees are responsible for the other infomatron contained wh1n the annual pOrt. Our oplnloTh on the financial statements does not tover the other information and we do not express any form of assurdnce conclusion theon. Our re5pon5iblltty is te rèad the other information and, in doln8 50, consldèr whether the other infomiation is materially inconsistent with the flnancial statements or our knowledBe obtsined In the course of the audr£ or otherwise appear5 to be materially mtsstated. If we identify such merial inconsistencles or apparert material m15Statements. we a requtred to deterrnlne whether thls 8ive5 rise to a material mi5Statemént In the finanoal statement5 themselves. If, based on the Vrk we have performed, we conclude that there Is a materlal misstatement of this other Information. we are requlred to report thatfrdrt. We have nothlng to report In this regard. Oplniom on othermattevs pre5crfbed bythe Companles Art 26 In ouroplnlon, based on the work undertaken ITh the course of the audlt: the informalon given in the trustees, repart Ilncluding directors, report) for the financial year for which the flnancial 5tstements are prepared 15 consistent wlth the financial statements,. and the directorfs report has been prepared In accordance with applicablè legal requirements. 16-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE TRUSTEES OF PATH {PLYMoirfH ACCESS TO HOUSING) LTD Matters on whlch we are required io repgrt by oytspoon In the light of our knowledge and understsndin8 of the chjritable cornpany and its environment obtained In the course of the audit, we have not identilled material misstatements in the dittor$, report. We have nothlng to report in respect Df the followln8 matter5 in relatlon to which the Charitses Act 2011 requlre us to port to you il, in our oplnlon.. the informatlon 8lven in the financlal staternents is incon515tent In any material respect the trustee5 report,. or sufficient accounting records have not been kept,. or the financial statements are not in 38reement wlth the atcountlng record5- or e have not receNed all the infom)ation and explznations we requlre ftir our audlt. RespDnslbllltie5 of Trustee5 As explalned more fully in the ststernent of tru5tee5 responslbllities, the Trustee5. who are a150 the dlrector5 of the charity forthe purpose of company law, are re5ponslble for the preratIon of the financial statements and for bein8 satisfied th they eive a true and faSr view, and for such internal control as the Trustees determine Is necessary to enable tfr prepatIon of financial ststements that are free frorn rnateri?I misstatement, whether ¢Jue to fraud or error. In prepariry the t7nancial statements, the Trustees are rÈsponslble for a5ses5ing the charity's ability to continue as a goln8 concern, disclosin8 as applicable, matters lated to goin8 concem and u51ng the 80inK concern basi5 of accounting unless the Trustees erther intend to Ilquidate the charkable company ortu cease operdtions, or have no realislc altemative buE to do Audthls PonsIbIlIe5 forthè audlt of the Ilnanoal statsments We have been appointed as auditor under section 144 of the Charities Aci 2011 anfl report In accordance with the Act and relevant regulaonS made or having effett thereunder. Our objectives are to obtain reasonable assurance about whether the financial staternents as a whole are free frorn material misstatement, whether due to fraud or Èrror. Znd to 155ue an auditor's report that includes our opinlorn Reasonable assU[e 15 a high level of assurance but is not a guamntee that an audit cundurted In accordance with 15As IUKI wlll alway5 detett a material misstatement when h exist5. Mlsstatements can artse from fraud or error and are considered material If, indlviduall¥ or In the aggregate, they coul¢J aSonablY be Éxpected to infiuence'the economic decislon$ of users taken on the ba515 of these fin8nci81 statements. Irregularlties, incltsding fraud, are in#ance5 of non-cornpllance with laws and regulalons. We deslgn procedure5 In Ilne th our responsibilitiè5. outlined above, to detect materizl misstaternents in respect of lrr4ulares, Includlng frdud. The extent to which our procedures are capable of detecting irregularitie5, includin8 fraud, Is detailed below. We galned an understanding of the legal and regulatory framework applicable to the charfty and the industry in whith It operates, and consided the risk of acts by the charity that were contrary to appliczble laws and regulations. including fraud. We deslgned 3udit procedures to sPOnd to the rlsl reco8ni5in8 that the risk of not detetting a materlal misstatement due to fraud Is hS8herthan the risk of not detecting one from error, as raud may involve dellberate concealrnent by, for example, forgery or intentional misrepresentations, orthrough collusion. We focused on laws and reEulatlon5 whlch Could se rise to a matertal misstatement in the ffinanclal Siatemerbts, Includin& but not lirnitEd to: Employrnent taw, Cornpanies Att 2006 and the Charities Att 2011 Our tests Included agreeing the financial statement disclosures to underlyin8 5UPPOrtlng documentation ènd Énquiries wlth management. There are inherent lirnltations In the audit procedu5 describ above and, the furthÈr removed non-compliance with law5 and regulations 15 from the events and transacyons reflected in the flnancial statements, thE less likely we would become aware of it. We dld not identify any kèy audlt matter5 rEI?ting to Irregu13rities, includlng fvdud. As in all our audit5, we also addressed the rlsk of managernent ovèrride of internal contro15, Includln£ testln8 journa15 and evaluating whether there was evtilence of blas by the directorsthat represented a rf5k of material rnisstatement due to fraud. 17-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF PATH (PLYMOUTH ACCESS TO HOUSING) LTD A further descriptlon of our spOnsIbl1eS 15 available on the Flnancial ReporUng Courtil'5 web51Ee at: httpgll www.frc.ory.uvaudltorsresponsibilie$. Thi5 description forms part of our auditor's report. (lliffilu TIM Lerwlll BS¢ BFP FC4ISentorStstutoryAudltod forand behalf of Old MMI Audlt LLP Statutory AlItor 2211012021 Bi5hopbrook House Cathedral Avenue WELLS Somerset BA5 IFD Old Mlll Audr( LLP 15 ellglble for appointment as auditor of the charity by virtue of tts ellglbility for appointment a5 audltor of a c(Knpany under of SPLtiOn 1212 of the Cornpanie5 ALI 20(. -18-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD CONSOLIDATED STATEMENT OF FINANCIAL AcnviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 UnrestriCE¢d Re51rfrted fvnds fvnd5 2021 20ZI Totsl Z021 Notes ome from: Donations and leBacles Ch4rTrtable èctivlties Other trading avitieS Inve5trnents 8,091 1,551,124 33,277 340,253 41,368 1.891,377 11.905 L345,970 115,705 1,416 818 818 Total knwme 1,560,033 373,530 1.933.563 1,474.9g6 Ex dUre on: Charitsble activlties 1.315,588 315,757 L631,345 L42098 Net in¢omefor the yearl Net mttvernent In funds 244,445 57,773 302,218 54,891 Fund balances at l April 2020 538,339 84.6CIJ 622,948 $68,050 Fund balan at 31 March 2021 782,784 142,382 925,166 622,941 Thè statement of financial activttles includes allgarns and1055 reco8nised in the year. All Incorne and expenditure derive from ¢onfjnulng athvitles. The statèment of financial activities also complie5 With the requlremènts foran incomtrand expendlture account under the Companles Art 2006. .19-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Not•s Flxed assets TolbIe assets Current assets Debtors Investments Cash at bank znd in hand IJ 363,304 363,999 14 15 139.253 2,785 726,632 81.5D8 166,848 272.189 868,670 520.545 Credltoys: amountslalling due wlthln one 17 1211.6891 1145,9531 Net current as5et5 656,981 374.592 Total asséts less Current Ilabllhles 1.020285 738,591 Cred0. amounts faulng due after more than one 195,1191 IIIS.643 Net assets 925,166 622,948 Incorne ndS Restritted funds rertri ed fund Deslgnated funds General unre5tritted fijnds 142,382 84,609 22 752,354 30.430 315,311 223,028 22 782,784 538,339 925,166 622,948 -20-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD BALANCE 5HEEf ICONTINUED) AS AT 31 MARCH 2021 The company Is •ntitled to the exemption from the audlt requirement tontained In sertlon 477 of the Cornpanies Art 2006. for the year ended 31 March 2021 and the members have not requ5red the tompany lo obtaln èn audit of its accounts for the year In question In accordance with section 476 of the Companies Act 2OJ6. although an audrt hzs been carried out under section 144 of the Charitie5 Act 2011. The TrLeeS acknowledge their responsibillties for en5urin8 that the charlty keeps accounting records which romply wlth sectson 386 of the Act and for preparing fin3nclal statements which give a true and fair view of the stste of affairs of the CoMpaV a5 at the end of the financlal year and of it5 incoming resources applicatlon of resourcÈ5. Including its income and expenditure, for the flnantial year in atcordance wlth the requirements of sectiun5 394 and 395 and whlch otherwise cornply with the requirements of the Companiès Act 2006 relating to financial 5totementS, so far as appllcable to the company. These flnantial statements have been piep3red In accordance wlth the provlslons applicable to companles subjert to the 5rnall companies regime. Th8 accounts were approved bythe Trustees on.............. .......... Mr D Millar Chalr Company RoglstEafion No. 114478819 .21-
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PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accoun11 polkjes Companylntsmiatlon PATH (Plymouth Access To Housin81 Ltd Is 8 private company limlted by guardntee inrporated in England and Wales. The re8lstered office 1$ 284Z HarwEII Court. Wèstew Approach, PLYMOUTH. Devon, PLI IPY. In the event of the company being wound up, the liablllty in respect of the8uaraThtee is Ilmited to £1 per mernberof the comp?ny. 1.1 Accouniing Conven0 The financial staternents have been prepared In accordance wlth the charlty's 18overning docurnentl the Companie5 Act 2006 and"ACtounThg and RepDrJn8 by Charities.. Statement of Rett*rnmÉnded Practice appllcable to charities preparin8 their accounts in accordance with the Flnancial Reporknng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191". The charity 15 a Public Benefit Eftty as defined by FRS 102. The financial statement5 are prepared in sterllng. whlch is the functional currency of the charlty. Monetary amounts In these financlal staternent5 are mundedto the nearest L The financiil statement5 have been prepared under the historical cost convention, modlfled to include the revaluation of freehold properties and to include rnve5trnent properbes and certain financral Snstrument5 at fair V31ue. The principal accounn8 policle5 adopted are set out below. 1.2 Golngconc•m In light of the current coronavirus pandemlc the trustees have reviewed likely future developmènts and remaln cl the opinion that there 1$ no reason to believe that the charity will have to cease operating a5 a result of Inadeqvate financlal re50urce5, or any other foreseeable event, within a period OF at least 12 months Irom the dte of the approval of these accounts. 1.> Charkableluttds UTrresrrittÉd funds are availablt for use at the discretlon of the Trustees in furtherante of their charftable obleJives unless the fund5 have been deslgnated for other purposes. Designated funds cornprise unrestricted funds that have been set aside bytheTrustees for partieLAar purposes. The alm and use of each desi8nated fund is set out in the note5to thefinancial statements. Restricted fund5 are subjettto 5pecifc conditions by donors asto how they may be used. The purp05e5 and use5 of the restrthd fund5 are set OLrt in the notes to the financial statements. Investment rncomei 8alns and losses are allocated to the approprlatefund. IA Incornlng resour$ Income is recognised when the charity is legally etled to it afterany performance cOndonS have been met, the amounts can be measured reliab, and rc 15 probable that Incomè wlll be re¢eived. Cash donafjons are reco8nlsed on recelpt. Other donatlon5 are rÈco8nised oncethè charlty h05 been notified of the donation, unles5 performance conditions require defErral of the amount. Incorne tax recoverablè in relation to donations received under Gift Ald ordeeds of covenant is recognised at thetime of the donation. Grants recelved to assist with specific expendlture are released to the statement of financial atTe$ as the exppnditure Is incurred. -23-
PATH {PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAL STATEMENTS (COMfiNUED} FOR THE YEAR ENDED 31 MARCH 2021 Accourrtlng polld•s Iconiinued) 13 Resouros expended Expendlture 15 accounted for an an atcrua15 basis and has been included underexpense ¢terIeS that aggregate all cost5 for allocation to acdvlties. Wheie costs cannot be dire£tly attributed to pardcular aruvlties they have been allocated on a basi5 consSstent with the use of the resource5. Fundrdislng costs are those incurred in seekin8 voluntary contrfbution5 and do not Include the costs of dlsseminatin8 information in support of the charilable activlties. Govemantè costs are those incurred in conntttron with admlnlstration of the company and compliance with cortstitutional and statutory reqU5MEntS. Gfants payable are charged in the yearwhen the offer is made except In those cases where the offer is conditional. such gntS being rerogn15ed a5 expenditurewhen the conditions attaching arefulfilled. Grants offered Subject to condhions whlch have not been mÈt at the year end are noted as a cornmltment, Ixrt not accrued a5 expenditure. I resource5 expended are inclusivÉ of Irrecoverable VAT. L6 Tanglble Ilxed assets Tangible fixed assets are Initial measured at cost and subsequently rneasured at cosr or valuation, net of deprecialon and any impairment losses. All assets COStin8 rnorethan £51X) are capltallsed. Depreclation Is recognised 50 as to wrlte off the cost or valuation of as5et5 less thelr residual values over their usef li¥es on the following ba5es= Land and bulldln8s Flxtures, fittings & equlpment Computers Electric pool brkes 2% straight Ilne 25% straight line 20-33% 5trai8ht line 33% straloht Ilne The gain or105s arrsing on the dispu5al of an &sset is determlned as the drfFerence between the Sale proceed5 and the carrying lue of the asset. and is reco8nlsed in net incomellepeTrditUreI for the year. 1.7 FW 855et investments Fixed asset Investments are inlJally meè5ured at trdnsaction price excluding transathon costs. and are subsequent measured at market value at each reportsn{ date. The Statement of Financial Activitle5 includes the net ga5ns and los arisln8 on revaluations and dlsposals throu8hout the year. A 5ubsldlary is an entitycontrolled by the charlty. Control is the powerto govern the Itnancial and opera15n¥ Policies of the entityso as to obtain benefitsfrom its a¥e5. An associate Is an entity. beln¥ nelther a subsidiary nor a Joint venture, In which the charity holds a lon¢-term irtEre5t and where the charity has si8nificant influente. The charity con5ider5 that it has si8nificant influence where it has the power to particlpate in the financlal and opetstin8 dec1510n5 of the a$50clate. EntieS In which the charity has a long terni interest and shares control under a contrdttual arrarK8ement are classified as31ntIY controlled enVdes. 24-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TQ THE FINANCIAL sfATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accoun11 polid•s Iconllnuedl IA Impalmient of fixed assets At each reporbng date, the charity revi the carrying amounts of Its tangible and Intanglble assets io determine whether there is any Inditatlon that those assets have swffered an imp3lm)ent1o55. If any such inditsdon exists, the retoverable amovnt of the asset Is estimated in orderto deterrninethe extent otthe hnpairrnent loss lrfanyl. Recoverable amount is the higher of fair value less costs to sell and value in use. In a55esslng value In use. the e5brnated future cash flow5 are discounted to their present value using a pre-tax dlscount rate that refiects turrerrt market a55essménts of the rne value of money and the rtsks specific to the asset for which the estimates of fLrture cash ffiows have not bttn adlusted. the recoverable amount of 3n asset is estimated to be less than its carrying amount. the ¢arrying arno of the asset is reduced to rf(s recovèrable amount. An impalrment loss Is rK¢gnlsed immedlatety in Incomellexpenditure for the year, unles5 the relevant asset is carried * a revalued amounL in which case the impalrment lo55 Is treated as a revaluadon decrease. Recognlsed impalrment losse5 are reversed If. and or41y rf, Ihe roasons for the impalrment loss have ceased to appl Where an impalrment loss subsequently reverses, the caryln& amount of the asset Is increased to the revlsed e5tirnate of its recoverdble amoun¢ but so that the increased Cafrying amourt does not exceed the carrying arnoum that would have been deterrnined had no lrnpairrnent loss been recognised forthe asset in prloryears. A revprsal ol an irnpalm7ent105S is recognised tmmedlately. unle55 the relevant asset15 carrfed in at a revalued amoun¢ in which c* the reversal of the impairment loss is treated a5 a rerdluztion increase. 1.9 Cash and cash equIVaTrts Cash and cash equivalent5 IncILe in hand, depaslts held at call with banks. other$hort-terni liquid inve5tment5 wvch orf8lnal rnaturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowln85 in current liabilldes. 1.10 Flfflanclal In5trwnÈnts The chirity has eletted to apply the provisions of Sectlon 11 'Basic Financlal Instruments, and SeLton 12 '0ther Financial Instrumènts Issues, of FRS 102 ro all of its financlal instrument5. Flnancial Instruments are recognlsed in the charty's balancè Sheet when the chsrlty betornes paty to the ontrartual provisions of the Instrurnent. Financial assets and liabllfftts are offset, with the ftet amount5 presented In the financial staternents. when there 15 a legally enforceable right to set off the c015td amounts and there 15 an intention to sèttle on a net basis or to reallso the asset and setme the liabilty simultaneously. oslcJlnt7ndolossets Basic fTnancial assets. which include debtors and cash and bank balances, are iniknally measured at tran5actson price including transactlon costs and are 5ub5equently tarried at £rnorbsed cost uslng the effective interest method unle5$ the arrangement constitutes a financing transaebon. where the transaction is measured at the present wélue of the fLrture receipts discounted at a market rate of Interest. FlThancial ?55ets classified as r1vable withln ot)È year are not amordsed. -25-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINLIED) FOR THE YEAR ENDED 31 MARCH 2021 Ac(ovntln8 pollcles Icontlnuedl aslcflnondulNuknlMes Basic financial Ilabilities, intludlng CdItOrs and bank loans are initially recognSsed at transacbun price unless the arrangement constltutes a financing transacuon, where the debt instrument is measured at the present value of the future payments d15counted at a rnarket rate of interest. FinaThclal liabilities classifled as payable Mthin one year are not amorbsed. Debt Instruments aresubsequently carried at ?MorUsed cosL uslnlthe effectlve interest rate method. Trade credltots are obliEatTons ta pay for goods or services that have been acquired in the ordlnary course OF operation5 from suppliers. Amount5 payable are classifled as current IlabillJe5 if payrnent Is due within one year or Is. If not, they are presented as n0n-cUrnt liabilitie5. Trdde creditors are recognised Inltsally at tTrn5action price an(1 subsequently measured at arnorb5ed cost U5in8 the effecbve Interest method. Borrowings consist wholly of a public benefit toncessionary loan. Publlc benefit conces5ionary loans are loan5 received between a public benefit entity and another party at below the prevailing market rate of interest and that are not rePable on dernand and are for the purpose5 of furtherin£ the oblertrve5 of the public benefit entity. The accounting treatment for con¢e$5ionary loans Is to inltlally measurethe5e arrangements at the amount recelved or paid and recognise them in the statement of flnanciil position. Subsequent year5, the carryin& amount of concessionary loans In the financial statements shall be adjusted to refIect any accrtRd Interest payable or receivable. offinanclalllobllldes Financlal liabllities are derecognlsed when the chartLVs contractual obll8ation5 explre or are dlschar8ed or cancelled. 1.11 Provlslons Provisions Hre reInISed when the ch?r6ty has a legal orconstrucilve present obliuaticn as a result of a past event, it 15 probable that the tharity wlll be requlred to settle that obllgation and a reliable e5dmate can be made of the arnount of the obllgabon. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the rèportln8 end date, takln8 into account the rlsks and uncertaintles surroundln8 the obligbknon. Where the effect of the me walue of money is rnaterial, the arnount expected to be requ4red to settle the obligation 1$ co&ThISed at present value. When a provlsion is measured at present value, the unvrrinding of the discount Is reco8nised as a ff nance cost In net income/lexpenditurel In the period in whlch it arlses. 1.12 Ernployee bentfits Termin3tion benefits are recognlsed immediately as an expense when the charf(y Is deMonstbty committed to terminate the Ernployrnent of an employee or to provlde termlnatTon benefits. 1.13 Leases Rentals payable under operating lease5, Including any lease InCenV¢S eNed, are charged as an expense on z ttralght line basls ¢)vertheterm of the relevant lease. -26-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAL STATEMENTS (COI4TINUED) FOR THE YEAR ENDED 31 MARCH 2021 kcountlnK polldès Iconllnuedl 1.14 Group financlal stètèments These flnancial statements consolide the results of the Charity and its wholly owned non-charltable 5ubsidrary trddlng company Plyrnouth Homes4Let CIC on 8 line by line ba51s. A separate Stztement of FinancSal Actiwitles and Incorne & Expenditure Account for the charity ha5 not been presented berause the Charity has taken advantage of the exemption afforded by sectTon 408 of the Companles Aci 2006. Tftn5artlons between the two entities have been ellminated on con5011da150n. As the Charity disposed of it shares In Plyrnouth Home54Let CIC on 31 March 2020. no Gr(wJp Balance Sheet 15 IKluded as amounts for the current ind prior year would show only the amounts related to the Charr(y. Not relating to balaTh sheet values also only show amounts lated to the char¥. The two entrtie5 have cotemiinuus year ends and the accourrtln8 policles are con51stent a¢ro55 the group. 1.15 Govemrnent Grdrfs Government grdnts zre reco8nlsed al the falr value of the assét recelved or receNable when there 15 reasonable assurance thatthe grnnt conditions will be met and the grants wlll be recelved. Governrnent grants relating to turnover are recoEnlsed a5 Income over the periods when the related costs are Incurred. Grants relarfn8 to an asset are recognised in Income systematT(ally over the asset's experted useful life. Ir part of such a grant is deferred It is recognised as deferred Income rather than being dedurted from the asset's carryin8 amount. Crltlfjl accounllnl estlmes andjudgemefits In the applitIOn of thè charlty's accountin8 policles, the Trustees are required to make judgements, esknmète5 and a$5LJmption5 about the carryiTrg arnount of a55ets and liabillties that are not readlly apparent from other sources. The estim?tes and associated assumption5 are based on historical experlence and other factor5 that are considered to be relevant. Actual results May diffèr from these estimates. The e5tim*es and underlying assumption5 are revlewed on an on8oing b3515. Revision5 to accounting estimate5 are recognlsed in the period in whlch the estimate is revlsed where the revision affects only that period, or in thè period of the revision anrj future periods wherethé revision affects both current and fure period5. Keysource5 01 esttmallon uncÈrtsknty The Èstimates and a55umptions which have 3 sl8nfficant r15k of causing a materfal adjustment to the carrying amount of assets and Ilabilitie5 are as follo. Estlmated useful1Sves OItsble fixed asseES In determlnins the estimated useful life the charity consider5 the expected physical wear and tear of the 355et that could lead to obsolescence of the &set. Each yearthe charity revlew5 the above to e5tabllsh iFthere is any change in the expetted useful life of tangible assets. -27-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Ananthl Perfomance ofthe charlty The prfor year arnouftt5 in the consolidated 5tsternent of financial aChvitie5 included the rosults of the charty's wholly owned subsldlarywhich operated a letting 08ency. This subsidiary wa5 disposed of on 31 March 2020. EKernpdons cDnferred by 5408 Companles Att 20061$ being relied on. so the Summary financlal performance of the charity alone is-. 2021 Income Grft ald from sub51diary CDmpany 1,933,563 1,362A06 1,933.563 1,634345 1,362.8( 1.257,242 Expenditure 302,218 622,948 Total funds brought forward 105,564 517,384 Total fund5 carried forward 925,166 622,948 Represerted by= Restritted funds Deslgnated funds Unrestrltted fund5 142,382 752,354 30.430 84,609 382,432 155,907 925,166 622,948 Donaiions and legacies Unrè5trf¢ted funds 2021 Restrfcted nds 2021 2021 Donatlons and glfts Government grants 33,277 33,277 8,091 11,905 8,051 8.091 33.277 41.368 11,905 Ftyth• y•arended 31 Marth 2Q20 11,905 11.905 -28-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAL STATEMENTS IcoTrifiNUED) FOR THE YEAR ENDED 31 MARCH 2021 Charftable adlvhlès 2021 2020 Performante relatedBrants Charitable ntaI incon)e Other income 517,309 757,939 616,129 41L741 294,347 643,397 t91,377 1,349,485 Analysis bylund Uftrestrictsd funds Restrlcted fund5 1,551,124 340,253 1,063,364 286.121 1,891,377 L349,485 29-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAL sfATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Intome from tradlng $ubsFdSary 2021 20 Turno¥er Cost of sales and administration costs Other operatinE income 129.444 1107,1211 2,650 Nét Proflt Amount gift oided to thechadty 24,9 Retained In 5ubsldlary 24.973 The assets and liabilites of the subsidlary were.. Non currert asset5 Current assets Ct liabilites 5,674 86,997 116,9321 Total net assets 75,739 Aggregate share capital and reserves 75,739 The charlty had a whally-owned trading subsidiary IA the prior year which Is incorpornted ITh the UK. Plymouth Homes4Let CIC IRe8iStered Company No. 067114041 is a letting agency and hs Registered Offlce is 30 Dale Road, Plymouth, Devon, PL4 6PD. Pjymouth Homes4Let CIC was 8 100% subsidiary of PATH UTh1 31 March 2020 when PATH disposed of it5 shares in Ptymouth Homes4Let CIC. A Summary of its tradin8 re5uIt5 15 shown above. In additlon, the value of Plymouth Home54Let cie's net asset at the time of dlsp0531 has been recognlsed as an expense in the Consolidated Statement of Flnancial Acfjvitles. Investmerts 1021 2020 Int$t receivable 818 1,416
PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINLIED) FOR THE YEAR ENDED 31 MARCH 2021 Charltable a¢tl¥HIés 2021 Staff costs DepreciaJon and impalrment other dirert costs maintenance Bankcharges Subscriptions Insurance Stationery Worker e¥ptnses Telephone Arcountsncy Lryal & Professional Property management expenses Lo5s on disposal of fixed asset 857,701 23,010 26,873 20,216 207 730,010 17,005 25,841 16,7 683 1,837 3,379 ii.oi 10ts3) 1,699 1,707 8,703 11,104 3.180 2,619 441247 6,191 146,562 1.551 1.398,266 978,345 Grant fundln8 of advities (see note 101 Share of governance costs (see note 111 215,562 17,517 261,468 17,429 1,631,345 1,257,242 Anatysls byfund Unrestricted funds Restrictedfunds 1,315,588 315,757 1,631.345 Forthe year ended 31 March 2020 Unrestrlcted funds Restricledfunds 970,89S 286,347 1,257,242 Trustee5 Nonè of the Trustees lor any persons connected with them) received any remuner*ton er benefft5 frorn the chzrlty durin8 the year. No trusiee èxpenses were incurred durlngthe year. -31-
PATH {PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Grants p*able 2021 20 Grants to Institutions- pmOuth Homes4Let GRnts to Individuals 215J62 261,368 215,562 261,468 11 Support costs Support costs Govemèn¢e 2021 2020 staff costs 11,277 11,277 8,129 Audit fee5 6,240 9,3 17,517 17517 17,429 Analysed between Charitable actie$ 17,517 17,517 17,429 In addition to the aucnt fee5 and independent Examlners COS¢s shown atx•ve, Included within the expenses of the charitable company are fees payable to the exarniner for financlal services of £3.18012020:£6,4001. 2020 value included fees paid forfinancial service5 Of £1,860 on behalf of irading subsidizry Plymouth Home54Let CIC. 2020 audit fee5 for the year of £9,300 included £3.120 pald on behalf of trddlng subsidiary Ptymguth Home54Let cic. -32-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Employees Numberof employees The avera8e rnonthty number of employees duAng theyearwa5: 2021 Nurnber Number Charlty Trddlns subsldlary 38 43 Employnxnt costg1(harJtyoNlyl 2021 Wages and salarle5 social security costs Other pension tosts 772,882 58,997 37.099 657.542 48,969 31,628 868.978 738,139 No employee received remuneraton amountingto more than E,000 in eltheryear. 13 Tangible flxed assets hdIN$ & oqulpnwnt blkes At l April 2020 Addtbons 359,450 4.515 7.239 90,990 13,076 454,955 21315 2,000 At 31 March 2021 359,450 11,7S4 104.066 2,000 477,270 Depredatlon and Impalrment At l April 2020 Depreclatlon charged In the year 14,132 7.189 4.227 1.012 72.597 14,142 90,956 23,010 667 At 31 March 2021 21,321 5,239 86,739 667 113,966 Cawrylng amtyurt At 31 March 2021 338.129 6,515 17,327 1,333 363,304 At 31 March 2020 345,318 288 18,393 363,999 33-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Debto 2021 2020 Amounts fallng due wtthln one year. Trade debtor5 Other debtors Prepayments and accrued irKome 120.368 392 18.493 55,512 12,512 13,484 139.253 81,508 15 Cuffènt asset Invesmierts 2021 2020 Unlisted investments 2,785 166,848 16 Loans and othrafts 2021 2020 Bank loans Other loans 84,143 31,500 86,568 49,500 115,643 I36,18 Payable within ont year Payable afterone year 20,524 95,119 20,425 115,643 Amounts included al)ove which fall afterffive years.. Payable by Instalments 70.440 73,4(% The bank kian is Secured 8galn5t the assets to which It relates and is paYable over 25 years at an Interest rate of 3.25% per annum. In addOn to the security on the loan there Is a debentu comprislng a fixed and fltiating char8e over all the assets and undertakings (both present and futurel of the Borrower. The other loan wa5 made by PI¥nUth City Councll from their social enterprise investment fund. The loan is unsecured and is repayable over a maximum of elghtyear5 on an interestfree basis.
PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2021 17 Credltojs: Imounts falllnB due wlthln one ar 2021 Notts Bank loan5 Other borrowing% Deferred income Tradè creditors Othercreditor5 Accruals and deferred incorne 16 2,524 18,000 79.098 9,937 85.365 16,765 2,425 18.OOJ 43,915 5,127 57,825 18,660 19 211,689 145,953 Credltots: affi0ts fallngdw after more than one ar 2021 2020 Notes Bank loan5 Other borrowln8S 16 81,619 13,5C¥J 84,143 31,5LII 95.119 115,643 35-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAI STATEMENTS ICOPITINUED) FOR THE YEAR ENDED 31 MARCH 2021 Deftrred Income 2021 Other deterd income 79,098 43,915 Deferred Income is included In the financlal 5tatemem$ 45 follo.. 2021 2020 Current llabl1leS 79.098 43,916 79,098 43,916 Movement in ihe year.. 2021 2020 At l April 2020 Amount rele45edto Incomè earrbed from charitable advltles Amount deferred in the year 43,916 143.9161 79.098 61,701 161,7041 43,916 At 31 March 2021 79,098 43,916 Deferred income represent5 grants receivEd in the current year of which part or all of the gra)t relates to the subsequentyear. Retlrementhonoffit 5themes Defined rortrlbuots sthÈTh*s The charlty operate5 a defined tontributlon penslon scheme for all qualrfyln8 employees. The assets of the scheme are held separately from those of the charlty in an Independently adrn1niered fund. The charge to profit or loss In respect of deflned contribution schemes was £37,09912020:£31,6281. -36-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 21 Resirlcted funds The Income funds of the charity include restricted funds comprlsln8 the followlnB unaxpended balances of donauons and grants held on trust for specific pu¥poses'. Movèmert In funds Incomln8 Resoyr¢Es sour Èmpended Balancè at i Aprll 2020 TransfErs Balance at March 2021 ard5hip fund Benevolent fund Private Rented Support funds Other Restrfcted GntS MAPS fund 21,484 15,845 46,047 33,525 55,146 157,735 ILK),093 27,031 125,5901 155,2851 1123,3601 1100,0931 111,4291 29.419 15,7C6 80,422 1,233 16,835 8ti609 373,530 1315,7S71 142,382 prtaryear Mov•ment In funds In¢omln¥ Resources resources expended Balan<e * i Aprll 1019 Balance at 31 Marth 2020 Hardship fund Benevolent fund Private Rented Support funds Other Restricted Grants MAR5fund 16,5Q7 18,506 30,126 14,645 66,394 48.797 24,979 143211 19,6681 169,0551 132,87SI 124,9791 1149,7691 21,484 15,845 46,04? 7,791 1.233 72,930 298,026 286,3471 84,609 Hwdshlp fund The hardship fund conslsts of voluntary donations from donors whe wish the funds to be used to help PATH'5 benefFc13rles directly and they are restricted only tg thi5 purpose. These donaon5 are used in variou5 ways to 5UPPOrt cllents. often thereby Encouraging clientsto maintain contact wlth PATH. Benevolent fund PATH workers appty to various benevolent funds io obtain 5peclfic funds for cllents to start their own tenanc1, improve exi5tin8 accommodation or io end a tenancy appropriately. Workers cornplete an appllcation forrn for the ch8ritable trust and outllne what the grant would be vsed forj generatlng signlficart 5urns of money which aré pald to PATH to use with the cllents in the rnanner agreed. -37-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 21 RestrICt fvnds ' (ContinUEJ) Prlvate Rented Support funds PATH hold5 specrfic fund5 from whlch to pay cjalms again51 depDsIt guarantees that it issue5- mneyto pay landlords If there is a claim a83inst o tenancy that ends w¢(hln the guarantee period. We have also secured some funds to help £liÈnts pzy rent in aobnce in certain tase5. We have some ¢therfund5 set aside to support our work in helping people secure and keep in private rented accornmodition. These funds are held and usèd purety for this purpose. Recycled depoglts is money we won to Use to house people with cash deposrts, which we ask people to re-pay, enabling us to use the money a8aln. Ea5ylet Is a fund we use to help landlord5 ènd tenants when there are probJeThs with a tena or propertywe wish to support to prevent hornel*sness. other Resirkled Gmts These Brants are allocated to U5 to provide a particular service Isuch a5 the LBFT 8rant for women in the crirninal Iu5tlce systernl therefo entirely expended on salarles and dlrect costs durfngtheyear. MARS (Multl A8enryRou¥h Sleeper) TemporaryAccommodaiton bud Funding 10 5UPPOrt placements in temporary accommodation for rou8h sleepers or those at inimedlate rfsk who do not meet prior Treed test. Personal Budgets Path has z Personal Budw Fund to 5UPPOrt rough 51eepSnB clientsi spendln8 orb it, for instance.. PRS acc0rnrnodaon Better preven1ion rnethods Iwork with exlstin8 landlord5 to avoid) Acce55 to workle5sness support Ac¢es5 to positive zctivlties and en8agement that help5 the clSentl person eryge and move forward in their lrfe 38.
PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2011 22 UNre5trlcted lunds The incorne fund5 of the charity include the followlng de518nated funds whlch have been set aside out ol restricted funds by the trustees forspeaffc purrx)ses'. Movement In funds Incomlns Resources rnsovrces ejrpended 41once at I Aprtl 2020 Transfeys Balan at31 Marth 2021 Totsl designated fvnd5 315.311 437,043 752,354 Designated funds 315,311 437,043 752,354 General funds 223,028 L560,033 11,315.6901 1437,0431 30328 Total unrestricted funds 538,339 &560,033 11315.69Jl 782,682 Prlorye Movement In funds Incomlnl Resources resourtes expended Babn¢e at i Aprll 2019 Transf•rs Balanc• at 31 Marth 2020 Total designated fund5 382.432 1187,1211 120.000 315,311 De51gnated fund5 382,432 1187.1211 120,Q)O 315,311 Generdl fund5 112,688 1,176.970 1946,6301 I0.000) 223,028 TDtsI unre5trirted fLmds 495,120 1.176,970 11,133,751) 538339 l)es*n3ted lunds PRS IPrlvate Rerrted Sector) Support Fund Held to protect PRS tenancies and landlord5. The funds affj ¢ommthd by PATH and approved by Pfymouth City Councll to meet Costs of housin8 people vulTrerable io homelessne55 In the PRS5ector. Redundancy and ¢ontln8encyfundg In the event of contracts endln8 andlor fundlnB being withdrawn from specific contracts. PATH will, where necessary, provide redundanty payment5 to any relevant worker5 at a rate OF the statutory minimum. PATH therefore sets aside a sum of rnoneyi in effect a share of the re5erve5, tgwards covering this. At any time, a5 minimum, PATH aims to have the equlvalent amount to pay an average of two weeks wage5 to every worker In the a8ency. Where payments might exceed this. ary contingency moMie5 would bE prioritlsed for redundancy. -39-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAL 5fATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Analysls of zroup netassets between Unrestrftted Restrktyd fund5 funds To Fund balances at 31 March 2021 are represented by.. Tangible assets CUrnt a55etsllllabilltie51 363,304 419,480 363,30¢ 561,862 142,382 782,784 142382 925,166 Prknr Year Unrestrlcted Ilestrtcted fumds funds Totsl Fund balance5 at 31 March 2Q20 are rewesented by.. Tangible assets Current assetsllliabilitiesl 363,999 174,340 363,999 258,949 84,609 538,339 84,609 622,948 Aelaleil pprtytranttlOns Remunerollon of key manaBttnent personnel The remuneratlon of key rnanagement personnel Is as follows. 2021 2020 ggregatecompensaoon 46,413 39,101 Plymouth Homes4Letcic Pfymouth Hornes4Let CIC w35 a 100% 5ubsldlary of PATH until 31 March 2020 when PATH disposed of Its shares In Ptymouth Home54Let crc. Therefore, the entitie5 are no longer related and so no amounts disclosed.
PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE FINANCIAL STATEMENTS {coimNUEDI FOR THE YEAR ENDED 31 MARCH 2021 25 OpeTrdn8 least commllrnents At the reponI end date the charlty had outstanding cornm1tmentsf0rfutu mlnlmum lease payments under non- rancellable Dperating lea5e5, which fall due as follows.. Graup 2021 Ch•rfty 2011 2020 Wlthin Dne year Between two and five years 95,235 92.607 21,765 22,484 95,235 92,607 21,765 22,484 187,842 44.249 187042 The charSty receives ntaI Income comes from propertle5 which they lease themselves, but because they have a bleak clause of three monthsthen It has been determlned not to Inchjded this cornmitment. Suljsldlarfes These financial statements aro ton501idated charityfinanclal staternents. Details of the charlty's subsidiarfes at 31 March 2G21 are as follow5.. Name •1 yndertaklni Re8iStertd Nalyre of builness Class of shares held % Héld Dlrtrt Indlvea Prnouth Hornes4Let CIC 30 Dale Road, PlymoLrth. Devon, PL4 6P0 Letting agency Ordinary Share5 Ptymouth Homes4Let CIC wa5 a IiX)% subsldlary of PATH until 31 March 2020 when PATH di5P05ed of its shares in Plymouth Hornes4Let CIC. -41-
PATH (PLYMOUTH ACCESS TO HOUSING) LTD NOTES TO THE HNANCIAL 5fATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 27 Cash generated from aperations Group 2021 Charrty 2021 2020 2020 Surplus for theyear 302,218 54.898 302,218 105,561 Adjustments for: Investment income recogTh15ed Sn statement of financial aCtiVeS Taxation credited Loss on disposal of tangible fixed assets IGainlnos5 on disposal of Investments Depreciation and impalrment of t3ngible fixed Sset5 18181 11,4161 14.1421 4.263 18181 11,4161 23,010 18,310 23,010 17,C¥JS Movements in worklng capital.. Ilncrea5el/decrea5e in debtors IDcreaselldecre35el In creditors Increa5elldecreasel in deferred Income 157,7451 30,455 35,182 13,747 11301 117.7881 157,7451 30,455 35,182 11,181 15.290 117,7881 Cash 8enerated from operAllons 332.302 67,842 332,302 117,568 Anatyslsof changes In netfunds AtIAprl 2020 C4¥h aiM•rchlOII Cash at bank and In hand 272,189 454.443 726,632 Loan5 fallSng due wfthSn one year Loans falllng due after more than one year 120,4251 li,643) 1991 20,524 120.5241 195,IlSI 136,121 474,868 610,989 -42-