COMPANY REGISTrATION NUMBER: 04566985 CHARtrY REGISTRATION NUMBER.. 1098126 SOCIAL HOUSING REGULATOR No. 4742 Homeless Action Resource Project Charitable Company Llmlted by Guarantee Financial Statements 31st March 2024 Honesty Incltssive Fun Equaliiy'l
o Paii•nl
Homeless AGtion Resource Project Charltable Company Llmiled by Guarantee Roport of tho Board {incorporating the Stsatsglc Roport) Y•ar Ond 31¥t March 2024 Thg Trustaes. who are also the Owectfws ts the posS of company law, present report and th? financi8151at8fflonts ol thtr Chwty fix the year arKj 310 March 2024. Rof•renc• and admlnlstrative dotails R•glst•r•d Charlty nomg Tr•ding norn• HARP ISOulh'S Hom8lessrss CWI Charlty r•qlstratton numb•r Company r•oi$¢rallon numbor 045665 Soclal Hou•ing Regulator 4742 numb•r 11Tr8126 Prfnclp•l offlc• •nd r•gi•t•r•d 104-106 H3h Strgèt offlc• SS1 1JN Th• Trust••• Alislair Bwr (Honorary T8$UrI Jgx Brgvm (appointed 24 ju 20241 lain ¥8mptsdl Lil4s Foiion Hden Meoonabj larW'nl 24 Jun8 20241 Mthaal Nevin joan Pros18 Ires•3ned 4 Apnl 20231 Mich1 R•ffan Ichairl Mark Rothrnan Irg$wJn•d 17 Juno 20241 H8ro(m ShYdKlUe Debb Slanlon Ir•n•J 17 ju 20241 Peter ThL¥n Y¥orTh vk8 K•y man•Vnnt V•8a Hemnr (Chi81 EXU) Nolette 80%1rj IDir8clc¥ of ProFwty Devowmentl Agaiè Elltt (Director of FuThJratsiTrg and Cornmunicati¢Jn61 IApF¥)inled 4 Dmber 20231 Stephen Mansfi8hJ (Director ol Fundraising And Communicatlonsl (Left 15 Augusl 20231 Jacqueline Saxby (Director ol Finarte aThJ HR) AmarNJa BrBtv IDtr•ct¢x of operati5> {App(nt 8 January 20241 Audltor Edmund ca LLP hartèred AcLounf8nts & Statul¢Ny Audit 146 New L¢¥bJ¢Jn Road Chelmslord Essex CM2 OAW Page 2
Homeless Action Resource Project Charitable Company Limited by Guarantee Roport of the Board {incorporating th• Strateglc Report) Year ended 31st March 2024 Our Vlslon. Mlsslon and Valu VISION W¢ykn'ng tcoetherwth our communty to ensure thal notwy 1$ fore•d to sP in Soulhend-on. Mi3aioN To end Ihe need for rou9h 5)ing by lrnnsformirg Ihe INe5 of we supwt. pr¢)viding p80pI¢ wilh the foundal#)n for change. We offer emwgency acC£nr¥KKIatir Cpl5 and suppcrft tailored to people's need¥. Wa trAJild lasliThJ. restorative rdatiortships, shining a hght on each indNidual's strongths. We empower reopl? lo niov8 aW8v from rouah Sleepw lor9d. VALUES 11 KINONess Honourin9 and •mpowwing those wa supwl. W• off•r dK¥Ce p4a valutr diff8r•nc•s. 21 HONESTY Wè ar• accounlable and wcrfk with )t8gnty. 31 RELATIONSHIPS We value partngrships 8ThJ kn we are 8trong•r as a tog8thof. 41 EQUITY We walk along$bJ¢ Ihos• we SLVWt and sharè hogh asptrab'ons ts stt481 lustir. Obl•ctlv•• and •¢llvStl•• HARP offgrg a alt1 lrfeline lo the most VLdnwth expeWK1 hthmeknssness in Southend-on.Sea. Our vision indudès us working Ir4elher vnth w comrrwnity 19 8nsw8 Ihat nobody is lorc•d to rough qIAP ifi.SthiJlhp.nd rjn 8p.a. Wp aim to end Ihe need ts rouoh sl6eDinq by Iranslornin4 the lfves of Ihos8 we support,. providiThJ Poop 1h the loundatn for change. W8 offar erner9ency atcommodalion options and support tailored to their needs.. wè bvikl la$bn9, r8storativ8 relat$1P5, W8 ompower peop to move away from rO1h 51e&piThJ for gcty)d. W• hav6 set up bedspacos speafically 10 accommodale rough sleepws 'straKJht from the stre8t' (wjr oulreach leams are oul daily working lo idontfy p8opk8 they find bédded ¢knm and offering opp(rftunibe3 lor thgm to ccrn directy ¢nlo our ac¢ommodaik)n. As as rnakiThJ 5vre ir¥JNtiJuais primary needs a met, through buthJlr¥J svpportNe r8IalK)nships we work ¢0 Klentty the rt causes of each indiwduaLs' hcffiel8S5n8ss aThJ any factors that may interfere with thgm bsirvJ ab to INe indep8rKlèrfy. We en8bkn peopl$ to work with us to addr8SS thoso things as weK as the inrtable Shye-effts ol rovgh sp'ThJ. Ow ultimatè aim is lo move paopl8 on Irorn HARP into A1r.nllpnI livino Tr ar• many rea5$ why pooKle bec< home1. depend8rKè on subslances and unmel m8nlal health L physKal needs. li i¥ our hope thal pe9p using our servr2s are able to ret*Jild th•r suppcfft netswrks and tschje Ihose issues so Ihat bvhen t are abk to ftVe on. they do so positively aThJ w)to greaief iThWènc•. Page 3
Homeless Adon Resource Project Charitable Company Limited by Guarantee Report of the Board (incorporating the Strateglc Report) Year ended 31st March 2024 STRATEGIC REPORT Aehlo¥•m•nts and p•rlornMnc• Th• n••d.' Arm ?n??n4 AQ1 p WAra qtjptkytgd via Ihe Bradbvry DBY Cantre. This fiOU reflects 8 drop frorn last yèar but11.0391. but we understand that this is due to the remod811ing of our day centre offer lo locus sdely on venfied rough st88ps lovor 50% ol IIKJs8 acc•ssing our seryices in prevK)us years was for pr8¥8ntstl support.) The ofvial ro(h Cnt in No¥emb8r 2023 dètsiled 35 peopl8 rough sleepng. this repr8sent8d highest number in Eastof England and more than double th8 previous yoar. Based on the wckof ¢xJrtreaCh t&am we also know Ihal figur6 to be signilK8ntly higher. our re50UfC6S have been focajsed th0 peopl6 sleepirg rough wrth the aim of bnnglng as many as possible in for In899, a58essment and eventU81 move x)to a bnger48rm accomm¢xlat opb'on. Our offra1 eount nwmbers whiL8t Sked artr ccffislstent wilh thg sharp bncreases seen across th• whjer UK. •. Ag• •nd g•ndw Ale and breakdown for •ll ser¥ke u%er$ 2Q3124 Male T¢)ts gi 17.6% 26-29 14 73 8.2% 30-59 439 152 591 66.3% 16 7.9% Toi•ls 642 72.1% 246 27.6% 891 IcKJ.o% Iw.(YA 0.3% We 3aw a 5pk• in the numbers ol cAder Fwle seekirg sUt across Ihe year ¥th s8v8ral beiw now rouoh Sleen and presentino vnth M'p and overt8pn9 need$ inthdlng sfrnws ph1 ho and mantal heatth needs. Rough Sl••p•r¥ L¢9 Term Rough Slgyrs ILTRSI derMd as those spent th8 •quivalenl ofthra• nnthS or ff¥)re sleeping on the strèets in tr1¥ lrfeurne, 8nd Short-Tem) Rou9h Sapers ISTRSI are those who have spent lime on the streeb, but nolyel the equWanI olthr6e months ofnwJhts in totsl. 72% of rough skepefs we h81p8d during 2023124 LTRS the femainwy w8re ntrw lo the street or STRS. e. Al•ntlllln• 57% of tot¥1 elwrbts r•P(lad hawng 4 hlstory rrf nr w&r• Ixwréntly 8xp8l18ng mantal health U?8. this has r8m8ined consistent *ilh W ye8rn fiwes. d. Substance mi$u5• 56% reported havirwJ tlrug ondor alcotsjl misusè 2023r24. which agaln Is br03dty consistent with18St years numbers. Page 4
Homeless Action Resource Project Charitable Company Limited by Guarantee Report of the Board (incorporallng the Strdtegic Roport) Year ended 31st March 2024 28% of our 55 in 2023r24 pffjsonl a8 lemab?. This ¢>ynwod 27% in the previous y8ar. 01 dnts who were Ident wih HARP this year. 31% were lemale, la"n9 into accountthè number of fern8s only bed5pace5 In¢aSiJ. Ofthe wom8n we surw1eil 68.3% ¥eport8d montsl health i$su9$ which is higher Ihan our lotsl av¢fage. 39.8% presenteoj w6th a hi8tw of3ubslonet misvse and 23.6% rgF4Jrted akohol dendencY issues. R••our¢ Bradbury Day Cèntre ¢xnb"n¢Jes lo be 8 "ono-slcwhop", in txd8r lo leS Ihe work onto those most In need, wrth verified rough sleepws beir¥J ats to access tKeakts3ts, lunch. showerg, tr8inir¥J an¢J acc8s8 to m8dical attent. The Bradtrry also offws a Icwh pjint lor our NaYalOr8 to support Peop into a)MModathM. W8 provth advi and support. clean ck)thès, Laundry. and varityu5 m8aningful activrtl•s oim8d al helpiFwJ to niotiV8t• Fw46 to ggt back on thoirf8oL In r•sponse lo hyh numbws of peoFA8 ¥kneping roh. in partngw5hlp wilh Send Councll and funded by DLUHC we opene(l an 81nergwY cold weathar sh8¢ier in DeceMr 23 which stayed opgn unid 31W March 24. Wo stoppad taking referrals at the end ol Febwary 24. The Shattèr was slaffed by a rni¥turo olpoNI oloff 4pM 8.30om. #upportgd by v¢tunt••rs up until Mw1nht AAr.h nioht The3helteroff8r8d 2,$67 unJue 5tsysacfo the4 rrK>nths it was open. Thgchartl)olow details capaclty l br•akdown acro$$ U)os• ftyjr month6. 16% nMied on ouisid• of HARP aTrJ •Mh8r Into other temporbry accommod8tK)n or rgtum8d lo 8 place thgy had a bxal 0)nnTh io. Total stays 7LMI 5TrJ 2rK Jo F¢6 ¥r 37% olthose used Ihe Thht sh<6r were r8881lled Thito HARP &comnv)dalkJn146 0P1a). 3%14 pwplel were rrK)v8d on into oxtra care shettered accommodatw)n outside of F14RP. 4% had n recoursg. wa successfuly to ffind antsl)n on5 *18t the pintthè shdtèr closed its doors. Page 5
Homeless A¢tion Resource Project Charltsble Company Limited by Guarantee Report of the Board (incorporating the Strategic Report) Year ended 31st March 2024 AOrnod&llOn By 31 March 2024. HARP had 8 total of 305 available b8d5 a(xoss a servti pathway. Accass into th058 beilsp8C85 b8ing gatekept to fcw resourc85 on moving pee 5travJht frorn the street oui¢k9r from the wntof being verifi&rytK)n. Ourdirect access b8ds can accomnKKlale peOe under assessment for up lo 14 days. during whh their rcwle into knnger tern housirs can té mapFed out. Th might m.An tn M. pA.4tAY Put. whilsl an offer extem81 to HARP is being Srced such as PRS. Or rt might tnean a move inlo lon98r term 5UPkK)rted a(rMM(latiOn or surtable off8rs tx)¢h within an beyond HARP Irom other provwjws such as MIND. Peabody or RKhmond Fdlowship. We know from ourd8ta that SUPPOrt noeds rar99 8mNy5t tho rough $1geping cornrnunty and we h8V8 adapted lo that diversity by workiThJ rnor fiexibly wth our admissw)n cntena and processe5. We conliThue to operatè within a hami minimisats'on approach whh enabb8S US to housè peopl6 wth substance misuse n&8d6 (ln 8$senc8 8 'wel hostel, offer). The route out ot HAKP t SO may oe vkg a K)nger-wmi piacemert with us in our Iloating SUPPOrt accOn1K1n. thi5 ts 0mM(lat whh in essence has no staff on site and albws lor residents lo take more r9spLSib11ty to manage more independenlfy. It gives people 8 Vital opwtunity to 1o•m r818am th8 sklls Ihoy will nead to suee•ssffiJNy beycffid HARP. TraditK)n411y HARPS sarvth rnodel ha5 bè58d on th& three kèy dèments of Support, Aecommod81ion anl Meaningful A¢tNty I'SAM'I. Mèaningful Ath'vty b•"ng an essenb81 part of our programm8s. W• know from our evK1ence and extgmal Tesearch Ihal pacwè taking part in 5uth Xlivilies have purpos8 Anrt mf)tiv¥blinn In addre85 thair und8flyiTrJ ues. aThJ are conseou$nll¥ more likely to succeed ITr rèbuilding their lives and nthing on to independ•nl Iwing. Across 2023124 we h8v8 invested in expanding our offer lo include a series ol aumlies and 9roup Wofk pro9rammes which have b88n d襕lopod around the cyde ol ehange. We are aiming to target those who are pre contemplative about their recovery MS and move them fvrth6r tryards bglNJ roady to lake thos• nexl steps. Th• programmes are bein9 run in part by stsff and part by a broader te8m. We are IkIng loard to expandlng thls 1Thate auoss Iha coming year. Houslny outcom orthose we supported wilh pr•ventatsve work duriNJ 2023124 wg hew 46% to eithw find or keep thelr u¢¢ommodation 14C6 poop1. In ?023r24 20% 01 thnA wp. qiippThlftrt d8terrnined to have no local conn8CtK)n to Soulhend. thi5 Was a drop compared to last year. Wg se•S$ful moved 118 people on out ol HARP acKoTh¥rndatbJn into dependence ovor the year. Publk b•n•fft The Trustees pay due rega to the Charity CtffimissKffi'S guKlanc• on Public 8ffit wh•n ¢Jecidin9 what activities the Chanly should undertake. and thi8 15 d8rj$trale in a vari8ty of ways. Across HARP we have reframed our approach io th& Sérvi mcrfld and eStal$hed a dear pathway inlo and throughout our sorvices. In 2023124 we conltnued to ombed a psychc4Jgicalty infom)ed and strèngth- 17u¥¥d dppruaGh Ihrou9hout. We Gontinuod to deliver and cxpts•4J on Houeing First 06 an option lor those entrenched rough sleepws where shared or hosiel typ8 acComn)n ts not an option. We adapt$d lo the challenge of s8euring sèM-conlain•J htyJsing by asing prOpert$fOr Ihi8 provision. Thls has en8bd us to pfovide the ser¥ice and SUPFX)rt I subsidise the existing grant fvndin9. Wè h8ve priontised trainin9 aTrJ upthlling oui staff to b8 ab to beller work b*ith the needs the clients present vmth Page 6
Homeless Action Resource Project Charitabl¢ Company Limited by Guarantee Report ol tho Board (incorporaling the Strategic Report) Year ended 31st March 2024 HARP'S sorvicm iad.. emèrgency support Ifix)d, wamilh aThJ sheftwl short tgrrn accommLwJalth. Longer lefm accommtxlation for people with onw'ng t)beX needs. advice and supwt, e.g.: tenarry restsje & a¢Jvocacy u¢at, training And 9ssiStan¢• in finding Awwl Amnyrènt. We continuo to delfver DLVHC'S frJnde(l & cwncil commissloned outreach s8rvice in Southend. Thi5 has enabled us lo adapt to the steady 1158 in Ihe numbers needing ¢)ur supr)rt. whi 1$ of rough $188ping in Soulhend continues lo grow. we have rgfL¥)Jsed how we rnan the need with our beds providing 8 p8lhway. We have 68 lthrect 8cc•ssI or beds avaiiablo straJht frcth Ih8 stroel. lup trom 12 In 2021122 120221231. We have directed rA)nsiderable resources mlts tne reaeveioprneni Of our A¢om pryrtk8s, launching Bradbury Mansiongaltheslart olthe new finanrAaIa12O24l2s. We hava relin6d our plans for 2023124 into & I(S n$djalIng and gV8lualing tsjr model I pathway approach. This was a hvJh in ow Cupwatg Bu¥iness Pkn for 2024125. Volunt••rn We have continued to 9row And invest in ¥c4unt8•rs", wo rec¥ytted a full bm8 vdunleer coordin8tor in 2022123 and that additional resource has enabl8d u5 to grow our numbers lo 60 fegul8r VLlunteefS plu5 addiltonal 70 people who gN• up their tirn• lor us on a [rrg adh basis. We hav8 activety been dev0h)j the robè olay•d by corpornt• ¥C4te•r$ sw•ral large hmis indudir¥J Lloyd's bank offerin9 Staff lo support propcts. Food dolI0n$ Wa tontSnue lo be mryedibty grateful to local bjsiness and membws ol the publ who donale foc#J to HARP. We g9kn'mat• thal the value of ftrt)d donated 15 8pproxim8tety £275,( for 202312412022123.. £225.0001 We hav• induded Ihis arrK)unt in (w¢kn8iw$ and in thetood exp8Th1rture c4)61$ 1ty2023124. Flnan¢l•l revl•w Our Surplus for thg year end8d 311 March 2024 w8s £1,493.472. A6 Part of tha wular walu8tlon ol HARP owned prop8rties. a write down on revalu8tK)n ol £1.517,991 was taken to tha income and tTw¥iidlluiv o¥wuiil Ic&uttin9 In an oywall ¢Jerl of £24.510 lot lh¢ yo4r. Totol fvrtds at tho ornd of th• year ra £6.403.231. 01 this, £10.874.095 rewes8nted the prq)¢rty value of accommodaton whKh HARP provide$ IL¥ the )meleSs. ¢)Jr pnnupd lunding scwJrce is from housiNJ income Is8e note 61 and this ts used lo wn and mainlain HARP5 standard of hcAJsing stock for homeless rP1S. Thls incomeall¢)ws us to prOvle the SuppOUr1e$M1snts need toen8b18 th8m lo nN)ve iowards Independenl Ilving and a healthier lrfestyle. We also receive grant fundlng (see note 61 which allow5 Lts to provide addthnal speci•lisl supwl lor vulrwable •nd 8trisk h¢yneltss InddUal&. Freehokl prop8rt5 have been reviewed by Ihe Truslees in the year to ensu the valuatiorns beir¥J carriod in the accounts rellsel a fair market vdu8. A wole5sKJnal valuatK)n was c4lli8d out by Jonès Lang LaSa118 in June 2024 usiry Ih8'èxi8trng use, v&4Jation ffethc4 maj¢yity of thg prop8rt18s in the portfolio. The 8xcepbon to J5 th8 Eira()ury Day Lenre wThicn n&$ valueu rriHrkvl ViilL4¥ basis to feFwenl ts true and fair value io the Chanty. As part of th8 chS overaN management of risk. Ihe Trusteas. financial strategy ts lo ensu thèra Is diversbfication in HARPS sourc8s of income_ Th8 plan is to achwe this via a combination of public ocdor fundod incorng from h819 b9n9fft and capiis1lrgvoni. orAnlq fijnds frnm volitntary sources such as fun¢lraised incornè from events aTKJ donath)r. an eXpann ofow charity shops, all toppad up with incom8 generated from HARP'S charitab18 Page 7
Homeless Action Resource Project
Charitable Company Limited by Guarantee
Report of the Board (incorporating the Strategic Report)
Year ended 31st March 2024
Re8erve8 Statement
It is the aim of the Trustees to ensure that HARP has suffioenl funds lo..
enable the Charity to continue its Operatn$ in any short term absence ol income
allow il lo continue lo develop the services rt is able lo offer the homeless
provide seed
Hom•l•ss Action Resourc• Project Charilable Company Limited by Guarantee Report of tho Board (Incorporating the Stratoglc Report) Year onded 31st March 2024 DeIP and deliver s•rvbce$ that $upport long.twm r•¢overy troffl hom•l•$8n•8• Invest In and $trengthen our workfctrce to maintaln Il• and •ff•ctiv• PRAcncES PEOPLE PROPERTY PLACE.04 Enhanc• and ¢ontrlbuts to the d•¥•lopmont ol Southond's communlty ¢onn•ctlons for th• b•n•fft of our cllent• R•du¢¢ th• ne•d for rough •l••pln9 W8 have made strid•s towards achievtrJ #ims SHAP'S want fiJndi)g b8lng 8w8rded enabling us to rofurbish SOTh existin9 sile5 and procure others keèping with our property pL4ns. We have 8ttraU8d r8vonu6 graffl funamg whkh ts ènaoiing us ttj Inve51 111 QUI 5tsrr. Wv lio¥¥ ¥¥uwi¥d d fiialor donation which will enablè HARP lo have a k)ry-tem inlwesl in a centr81 SoLrthènd sile whh will provid6 us a base to olfer 8xpaThJ and rebunch ¢)ur pr8v8ntive services. ¢nabliTrg us to reath a wider cohort who may Th)1 yet have been fN¢•d to on Swthend's $tr80ts. We have begun to id8nlify And address the fadryslhal dastalIs0r dienl's r8covsry and stopthem K)vIng1019rd$. In 2024tt5 we will b8 growing our récovery oller and WL¥kin9 cknsdy ¥wth other Soulhend PfOVKlers lo •n$ure we jcin up oui aF)roach to maximi8e b•fil$ lor exh I1ldJ1 may throLvJh our s•rvths. Pay pollcy for ry¢nlor #talf The Oirectors of the Cornpany 8ts 8Lqo Ihe Charitys Tw¥te•y. AJI Tntstees give up Ih8trtime freety. and no Truste95 re1Ve reMUTrerab in the year. The Executive manement Tgarn IEMTI comwi5es lh8 k8y management Pgrsonn81 of thè Charity In respact ol managir4J and OFefabng HARP on a day-tdaY basis. The pay of the EMT 15 reviewed annuelly, a? lor othcr HARP tsloff. subjoct to tho gPPToval of th• TN8t•o5 and following porlormanc appraisal. In of nature of Ihe Charity, the Trustees. k8 to seek io match HARP staff pay levels with those ol competirwj ernOyerS wilhin 1¢$ sector. Pa8e 9
Homeless Actlon Resource Project Charitable Company Limited by Guarantee Report of the Board (incorporaling the Strategic Report) Year ended 31st March 2024 Ev•nts aft•rth• •nd of th• rnportlng p•riod SHAP funded projoeis Brndbury Manslons Thi5 proj8Ct increased In rts scope over Ihe contract period. and Ihi5 r85ulted in an ovemjn ol both lime and tosts. which were mel from HARP reserves. However. we now have a fabulou5 bas8meni space across 160 and 162, wher& rgsi¢J$nts are enJOng music workshc¥Js, and an extènsive storage aroa undef 158. which provl85 weal space for m8nagin9 caterfjThJ in paiticul8r. Because ol the nature of the works, they had to comptert wthin the PyLWam 0th8rwise the opnity fcff utilising thom would be miss•J. The singlè unrt at 117 was completed and ocuJpi8d in May 2023. On 18th Dseémb8f 2023 HARP the tlc¥)rs 01162 Bradbury Mansk)ns. foknng tha tomplon 01 g b8dsrts at that prcywty. Thanks lo an outstanding 9ff lor both Ihe Property and Seryice te8mg èlorosid• Slvne wd¢>yng volunt8W5, th• r•sthnts w•re safety moved in befNe Christmas. Followtng CompIK)n ol the r8mainin9 14 ro5 in the nY comlyned hoslol incA)rporatyng 158 and 160 York Rd al the end of Marth. HARP held a stakeholdef open dayoft 17th April vrith resid•nts moving In Ihe fgllowing day. All 24 beds are fulty OCCUFied, HARP is in receipt of qrt+lty payments of thè 88s0cia18d R8venM FundiryJ and il woving to be a vwy 8UCt8ssful proj'ect. Crow•ton• Manor Th purehaso of the building look plac• 2023 wilh an £8LKI,OTr) from Charity B8nk 8nd part ol lh6 £570.OCQ SHAP casml fuThJry. Wowks started C Ihe m•in contracl lor refvrbi$hm8nt and r•mod•lling In April 2024 with ¥ t<#pIE$tin Aort nf lUll51 2024. ano ooen for r85idents at thg end of S8ptember. Addtthywl fvnding has been r8CAN6d to cover iweasad costs., £60,000 from the Wolfson Foun¢Jath)n.' £5.245 Imm th• Suowfjx FoundalKM aThJ £10.CH)O from Iha B & Q Fountlation. 104.106 Hlgh Str••t In APNI 2024 MARP eniwvd hiiu o Oewl Vaiiabon wilh a prr¥ate donor. had purcha>cd Iho buildinu with a ¥W to donatirwj tho twJihYing lo HARP on COMet1n ol the refurt)ishmonl and rernodelling works pnn0. The main ¢ract wlll stari in Saptamber 2024 and shId compL8te in SpriThJ 2025. The woths 8rg lo b8 lurnlgd wtth e mixra ofgrants and daIN$ and 8108n of £700.0 from Ch•rity Bank. Th8 thffjtr-stY bulk19 in lh8 centre ol S(thnd Hh Streel will act as an integraled, untr81 hub to house HARP'S central offKe5 and a new homelessnes5 en(1)n hub open to the public. providing diverse supporl to thosè al nsk ol bec4)miThJ homeless. 11 will hou5• an onpsrte medic41 cjinic. offering vital h881lh provision lor PeOFA8 exwiencwwj hrrffts wthin a $8f& ar¥J welcoming setting. Having focused on th8 rough sleeper dignt gffjup over the 51 years. we h8V8 in pla robu81 services lo provide tailored. dwecl supwt lo thi5 cohorL HARP & btyjl w1 enaDie us io thererore l¢)OK the whole issue ofhornelessn aThJ preventffi in Styjthend rrKJrgwdèty and hC4¢8l1Y by croating one-3top slK)p lo provide.. Provis ol hg8lth homèl& Hom0$$nO$S prevenlM)n sarvic¢s Employment opportunM*5 Ih a R¥¥[Y ¢ye Comrnunty avo1k"1ty Page 10
Hom•l•ss Action R•sour¢• Proj•ct Charitable Company Lifflited by Guarantso Report of the Board (incorporating th• Slralogl¢ Report) Year ended 31st March 2024 Structure, governance and managgment Govarnln9 docuThnt The Ch8nty is Cntrolled by ts governing dUnI, the Memornndum and kn.cles of Asso¢i8tion. and eonsbtutes a Cornpany Limited by Guafantee. as defined by Ihe Cornpanies Act 21XJ6. HARP is 81s0 8 Registered ScKial HouwwwJ Provk18r. and eanséquèntty regulatsd by Social Housing Regulator. Org•nhattonal •truthir• Th8 Chanty is gov8med by rts Trustees. who are $91gCted lo pfovidè a broad base of expertise in social W8N8r8, 18gal mattets, finane8, human ffjsoufces, homelessness and db8rty admin4$tralion. Trustee m86ting$ are hYtrd depending on availabiity0ftrust,$, th• Tnjstees have chosen to &x8rcisè much ofthe Chanty'5 gov8rnaneèand 0vwShl thefdb)wtr4J sUbrnm188¥.' Premises Committoe. Finance Cornmitlee. Fundra1ng & Communicalions Committeè. Aso the recently restructured Operabons Cornmitt9e and Peop18 & 00 Commrttee. The Operations Cornmitte& indudès service- relat8d H&S and overs#Jht of Ihe organisalwal risk register. Th8 day.iorflay operating decision5 01 thè Charity 8r6 delegated via a Schem8 of Deatsd AYIlty to tho Ch1 Exec4JtN6 Officer, who reports direcdy lo the Trust¢e$ via Ihtr Ch. New Trustees are recnJi¢ed Ihrcwh gxlem41 adv8rb.sing and are selected accordin9 to Ih•ir r8bvant 8kill$, exp8rth.sè and th8 sympathy they derrKJnslr8te tiyrtd$ th8 of p8ople finding Ihem881ve$ nomeKgSS. Pro8PgCIIv8 Tru¥18¥s att¥n(J L¥ iiKw¥ Tiu¥l¥¥4 tiw¥liriy¥ li11J11 o 8Ub.C{InlIlIeI In additvjn to belng Interyed by a panel of Truslsès. lo being apptynted. Tru5¢tès Attènd an induction prograrnmè follwng thair appointment. aTrJ all Trustaes are offered surt8ble tralning opportunrties 8ccording lo their needs. In Jun& 2024. 2 nthf Twstees were appointed. Halen McDonald and eX 8ro%n. Jo Presiidge $Jrted as a Twstee during Ihe year an¢J Ma¢k Rothman and Debbi• SlaThlon r•$vJn•d a$ ¢ryb$ts•$ In Jun• 2024 and ar• oralofiil lo all Inr IhAW inpiil siJNJr>rt There w85 a change lo the •x6cutiva tearn wrfh Stethn Mansfr•ld leaving HARP trn Avguxt 2023. Fdlowiw a successful recrurfment SWS5 orned a new Exutr Director ol Fundraising and ComMuntIonS to HARP in December 2023. Agats El W wth h•r a we81th ofexpeTignc• in ihls 8r6a. Rl•k managgrn¢nt In accordance with Accwntin9 and Rèrthknj by Charilw Icharbtiès SORP FRS 102), the Charity cans out regular dsk revW$. As pwt of these. Ihe Charity has land wiH conlinue tol". reviewed its finan1 cwlrol syslem to protect its assels and help to Fw8v8nt frnud and other irregularit5 iewed all relevant regulations wilti reqwds to Ihe adUCt of its prinopal activibes ensured that regulatnS goveming employmenl law and laxation are cornpl vrith contsnuousty monrt(ed Heamh and Safety risks rts staff. volunteers and clh8nts. espBckryl with regards to th8 h18Y drffvjh nalvre of the work of fronlline staff in partIcUr. due to the someth"meS4haot behaviour5 eXhrt8 ty the Chanty's more complex dients revwigd its infomatitrb mana9p.mp.nP 8yqtp.rrLS tn tThYylÈanca wrth th8 data Protection rggul8tions known as GDPR implemented olher risk manay8m8nt measwes as arwriate. indLJing insurnns wh8 Page 11
Homeless AGtion Resource Project Charltable Company Limited by Guarant Roport of tho Board (incorporating tho Strnlegic Report Yoar onded 31st March 2024 available. to hdp Milale those risks nr)I be efiminated entire apwnted 8xpert h8ath and safety C(Uttants, human resources cwk8utsnts. and othEf profèss1 fimis or indivKiu, lo knis• th8 Chwity and thg Tm5te&s as and when requir8d The Trustees bdievè the grnatesl potential rS ff)g Chanty to be.. Its ability to continue to provJe hh quality seryxs wilh lh8 no•d lo balanc• the 54f8ty of staff aThJ VUnteerS wsth aChveMent ol HARP'S cor8 charttab obje¢¢tve of meetIj the needs of Stsuth¢nd's )meleSS Ac$ to tann VenUe ftjnding b8d the liletsn of th• Ihrn•-year SHAPS rèvènu• g¢anl FundraisiThJ ROI. Move toward5 regulating supyrted Imng and sector18ading lo inCr•d cosls for Staff troining. Risin9 inyclry fwwuth8nt vnj rel110n knv•l•. Rislng interesl rates impacb'ng 8xi8b.ng l t¥19. Incr8ased ratesof IK•rrle¥$nèssdu8 to p)v•ty andthely)8tth1nU¢¢I$0s, and reducod funding availabl• to Ihe govemnwnt. The conlmued shortage ol svtsbl¢ affrdabl8 qUty accThnmc¥1alKJn vthhin thg local vicinity. Tha rololivoty Gmall $120 of lh• Chwity's St¥ffin9, ¢onstraininy opportunllies fnr %orAoAthn nl dut16s and re19 in ovw-r•lkqrKe on indNkJuals for key tasks such as preparing p8yroll. TnJ•lg•s' r••pon•Sbllltl•• sl•t•ffl• The Trus18es IwtK) arn also Direclor5 01 HARP for Ihe PU)$8S of company lawl ore responsible preparing the frv¥t•as Annuol Rowi Ilnduding tho Strato9 R•portl athd th• fin•ncial gtgt•m•nts In accordance wrth appliCae Saw and Unrfed ngdoM Accn1•ng StaThJards (United Kingdom Generally Accepted AcwuntiNJ Pr8ctlc•}. Company law requir88 th& Ttee3 to prwwe financkql swamènts for e8th finanual year. whith gwe 9 tru0 and lair vw of th• $t¥l• of affgir# ol the rtha1itA1> rnmpany And of lh8 incc¥ning resour$ and applicalh)n of resourtss. iluding the incom8 and 8xpendilui. of Ihe charilabl• Company for that per¢od. In pr8panThJ thase finarKial 81418m8nts, the Truste&s are r6quirgd io.. setht surtakA8 8ccountirrfJ [18S and then apply Iham COlstenty,. c4)seN• the melhod8 and wpIeS in Ihe Chanb"6s SORP 2015 IFRS 1021: make IJgernents and 6sbmates that arB a$ab 8TrJ F*udent: state whether applicab UK A¢(ntirj StsThJards h8V8 be8n folh)wed, subff'8Ct to any matèrial departu disclossd and exF48in8d in Ihe financial $tstem•nts,' pr•p8re the finar91 ststsm•nts on the gj'ng ccwKem bask8 unbss rt is inapproFYiat• to w•gurn• that lh9 eh¥rit•No company wll rnntinl in nIrA11{)n. The TnJ5tees are resp)bkn lor keepiThJ ad8wate anIry rècords that disdose wrth reasonable accuracy at any timo thè flnanoal positK)n of Ihe charilabie company and enable Ihem to ensure that the financial 5talements c(Thpty wTrth the cpan18S Act 26. They ar8 8150 ponSibl IOT safegu8rdino the assets of Ihe chaiitable company and here for takirNJ ronable steps for the prevention and d818ebon ot frawj and other irr6gulare5. Page 12
Homeless Action Re60urco Projoct Charltable Company Llmlted by Guarantee Roport of the Board (Incorporating the Stratsgic Report) Year onded 31st March 2024 Audltor Ea¢h ofthg pwsons vkno Is a Tru$t•o at the date of apwoval of lh rOpt confim that.. 80 far as I are awam. Ih8r6 bs levant 8ty1bt inftiny of whjch lh8 Chority's 8uditLV is unaware.. aThJ thèy have taken all steps Ihal they ought to have taken as a Twstee to make thèmséfves aware of any releva #udit 4nfomatK)n and to esl8trAh Ihat thè Cha$ audrtor is aware ol thèt iThformalHYs. Tha auditor is deemed to have been we-apOnl kn aC1x¥dan *ilh sec41 487 0lth• Companies Act Tli¥ T[u¥l. ¥iiibu¥l rwl JJVFMVWtd 10 8•piMI r 2024 and Ji9ned ¢)n b¢hJWof ihe board of s by.. Mich1 Raffan Trustee Tru Page 13
Homele35 Action Resource Project Charitable Company Llmlted by Guarantse Indopend¢nt Auditorfs Report to the Members of the Homeless Action Resource Project Year •nded 31st March 2024 Ind•pend•nt Auditors R•port to th• Ilembera of Hom•le•• Actlon ROurt• PffjJ•ci Opinion W8 have audited the financral statemgnts ol Homeless Actmxtr R950ureg Proiect Ithe 'charit8bl8 company'l lor the year ended 31 Marth 2024 thich c4Jmpns8 Ih8 siatement ol cwiprehen5ivè irxome, the statement of financial aclMti8s lindUd)g incxTh and eXnd acc4JJntl. ststement of financAal position, st8tem8nt of cash Ilows aThY nol83 10 th8 financial statements. indwliThJ synrficant acr¥Junting poli¢i8s. Th8 financrdl porting framewo that has been appl in thwr pfeparation is applicab18 law and Vnited Kingdom AccounlirvJ Standards, induding Financial Report)'ng Slandard 102 The Finanaal Reporting Standard applicable in the UK ènd Republ of Iteland IUnit6d Kingdom Generally Accepted Acwundna Practice). In wr op¢nion the finanraal stalemtrnls- gfve a Iwe and lair vw of Iha stale of the charitable cornpanvs affairs 8$ at 31 Marth 2024, and of its income and expgnditur8 for the year Ihen 8n(18d.. hove b88n rKoperly preparnd in Kr9YnCe wrth UThtsd Kid9M G•ner81fy Accepted Accounting Practice. and hav• b88n yepar6d in accordancè vrtth the requirgrngnts of th• Companies Act 2C#)6, the Hougn9 Dnd Regenerabon Act 2Crf)8 8nd the Accountirg Direct for pnv8te registerod Providers ol al housing in Er¥Jtsthg 2022. loroWrt We conducted our 8LMIit In cOldanc? with Int•malne1 Slandafds M Auditing IUKI IISAS IUKII and Bpplicab18 18w. Ovr respM)nsOililie3 undw I)Se slandards arè lurther described in Ihe auditor responsibilili•s for the audi¢ ol Ihe financkql ststements sects ol our repNI. We are independent of the ch8rttable company in accwdance wilh the ethKal requifements thal are ravant to our audit ol the linancial #l•t•m¢nl• in the UK. irtludin9 Iho FRC'O EthiGal St•ndord. and w• hHv• lulfill our oth•r ethi¢al respgnsibilrti•s In accordance wlh th•s8 requirenIs. W8 believe that Ihè audil ovidence w• have Obtain k8 sulflclent aThJ approwiate lo wovldg a basis our 1. ConcluSn ml&lirt9 lo wng concem In auditino Ihe financial $talem8nls. we have cor Ihat Ihe bowrfs usè of gory b8813 of accounting in tho pr8paran OF thg finantsal ststements i# 4PFNOFXth. Based on th• work we have perforrned, we have not klentifisd any material uncertainties relating to events or condrtions that. indNftlualty of collecti¥ety, may cast signifrcanl dwbt on the ¢haritsble ¢¢ynp8ny's ability lo contynu8 as a going cr1 for o wv)d of al18ast hvelvg months Irorn whèn th8 financial stalernents 8ulhortsed lor issue. Our responsibilities and the responsiknlili85 of the tId wilh resp1 to C4Jncom am d8scr4bed in thg relevant $8dions of this retK)rt. Othwinformol The other information comprises the informal)n included in the Tluslèes Annual Report, other than the financi81 st8tern8nts and our auditorfs thereon. The dirgctors a responsible lor the other information coni8in•J within the Trustses Annual Report. thJr opinh)n on the fin8ne481 statements doès not eov&r the other infoymalion and. except lo the extent otheThrtse expli(xlty stated in our rÈport, W8 do ntsl express any forrn of assuran cndus th8mn. Ow wgonsibiliiy is to read the oth8r infomalKJn and, in doing so, consider whether the other inform81ion is materialty inwnsist8nt with the finanrAal statements or our knowledge obtained in Ihe c[Se of the audit. or othervnse appears lo be rnaterol Page 14
Homeless Action Resource Proje Charitable Company Limited by Guarantee Independent AUdit0S Report to the Members of the Homeless Aclton Resource Project Year ended 31st March 2024 rni58lated. If we Klentfy m8trial b)C(Th or pent fflaterial mis6tat8mgnts. we are requid to determine wheth8r Ihi5 gives rtse to a m8tgrial mksstal&m8nt in the financial st8temants themsefves. If, based on the work we have perf¢ned, wècc¥)dude thal the isa material misstatement of this other inlomithn, we arn fequired lo reF(rt thal fact. Wo hayo nothing to ropDrt in thi6 ro9ard. Oplnlons on oth6rmatters pre3cnW by Iljg CompanS Act 2LN)6 In wr opin)n, based on the th undgrtak•n in the 0)U of audft.. Ihe inforMatn given in the RepL¥I ol Ihe Bo8rd lincowatiThJ the SlrategK Report) for thè finanrial year lor whth the finarftal str1ts are prepared LS consistent vntn tne nnarwi statements.. and thg Report ol Ihè IhCu[atrng the Str8t8glc R•wJrt) h8B been wepar•d h) acujrdance with applKobts lsggl rnquirem•nls. Mallers on which w• lo by 8x¢opI In the IvJht of the kned0 and uThJ8rstsnding of Ih? charitabl8 ClPanY and its onvironment obtained in the couts& of thè audit. w• havo not KJenllfd mateiial mi5sts1ement6 in Roport of th8 Board liFwrporatSn9 th8 Strat8gic Rewt). We hav8 Th)IhThJ to repryt rOSFt of tha folkjwng m8it¢rs In r81atitirt to whh the Companies Act 2C#)6 rwuires us lo reFth to you rf. in ouf optnion.. adequale accounb'ng rneords have IMn k•pt, or rrnS adewat¥ for our audlt h8vo nol n r•c•N•d Irom br8he$ not vtsrt8d by us.. or the financial s¢a18m6nls ar6 not in agfeemenl wilh the Kcountirwj regyds And r6tums,' or certaln dlscbsures of directots. rèmuneral)n specffied by Law are not made.. or we have r1 all lh8 Mknmiation and •xplanatiC$ we rgouim for Ouf audlt.. In additw)n. we have nothing in Trspecl of tho folk)wKvJ matter thgre lh8 Housing and R8g•n8r8tk)n Act 21118 requn$ us to to you rf. in (wr tJpknK)n'. sabsl8CtQry 5yStam ofcontrol over tran¢th)n$ has Tr)t been mh)tstfi8d. Ro#pon&the0 ollho b¢wd As exained rnorg lully in the trustees, respon$ibilitTos slaternenl. th• trust88s Iwho are 8130 thè Irectors ol fv a$soeiation for the wrposes of charity lawl ar? respSibl9 for the preparation of th financial $t8t8ménts and lor beirMJ $8ts8fi8d that they give a true and lair ¥w. and lor Such intem81 control as th• board delemiine necwsary to enab the prsparnticffi ol financaal stat8m•nls th81 aro free Irom m8lerf81 misstatement, whether to fraud t arror. In preparirg Ihe financiBI sl&t6m8nts. the boaryl 13 lor 0&885Skn3 thè assocthn's abilty to ¢onts'nue a5 a going concèm. discl)sing, as app1K&&. matters reLqled to going concem and using thè gryng COnM basis of accountin9 UTr5$ the board eilh8r inteThJs lo 14uJate the chaiitable company or to cease oDerations. w hos Trj re81islK èttwnative but lo ilo so. AudrtorrevnsitslitS forlhe ofthe fm8ncil statenwts Our obj8ctives are to obtsin reasonab18 assurance abcrt whether the ffiancial statements 8$ & whole are Ir8e from matenal misststem¢nL whalhar due lo traL*J u 8rtJr, and to issu6 an auditor's raport that ncludes our opinion. Reasb assuran is a hwJh SEvel of assuranc£. but is nol a guarantee that an audit conducted in accordance wilh1SAs IUKI will ap•ay3 aet8Cta rnonal misswement Wn8n tt exlsts. Misstatements can arise from fraud or efror and are ¢L$Jarj material il. indwKlualty C in the Page 15
Homeless Actlon Resourc8 Project Charitable Company Llmlted by Guarantse Independent Auditof s Report to the Members of the Homeless Action Resource Project Year ended 31st March 2024 099regate, they eoukl reasonabty be expethed to lIonce the 9¢onom ¢loWn¥ of users taken on Ihe basis of these thancial ststsments. Irregularities, induding fraud. are insian¢8s of non-compfkgnce wrth laws and regulatM)ns. We design pr(xedures in line wtth our reS['11$, oulined above, to d8tect rnatefial m1$5tatements in resp8ct of irreoulariti8s. induding fraLMJ. Our appr08eh to Id&nting and ass8ssing th• risks ol malor1 mL%staiement in rospect of iTh8gularities. Including fraud and noftthcomplnc• t Laws and regulation5, Wa5 as fdbws.. The engagement partner ensufed that Ihe ergagement team colleiAiety had the approprfote ompolence, capabilibcJ and 8kdlJ to entity orye¢ognise non-complion¢o th opplioablc laws and rggul8tions. We ILusad on Sptici Lgw5 and rnguLabons w8 nSJW8d may h8v8 8 direct matèriol effect on the finawal stalements or the operalK)ns ILY lh8 CLMnpany, Including the Companie5 Act 20(X. tax legisla1 dala prolection. anb-bribery. eMpYn¢. environrnental and heatth and safety legislalK)n. We ossessed the suscepbbility of tha cornpany'¥ ffinancigl w8tsm¢nts to matarial mlsststem8nt, Inding obtaining an underslanding of fra{ mght ¢JcaJr by.. Maklng enquiri8s ofmanagemenl as lo Wtherg Ihey cons•Jw•J Iham was suscepb'blllty to fraud, thir knth9• of #etu41. susp•eld ConsKlergd Ihe inlgrnal CtrS in plac8 to miwo the risks offraj aThJ rth-comF4ian¢è vAth Kaws and regulabons To ¥d(Jress the risk oflraud through management and oveTride of conlrots. we.. P•rform•d anaW'¢al proc•dtsr•4 lo H#ntity any unu$ual or yn•xp•ct•d r4l•lion•hip# Tested lournal entries lo entsty Unu#l transaCtS In rasponst to lh8 nsk ol inLNI1eS aThJ non-conykarK4 with ark1 rngd8tions, we desyned procéduras whid) #)dud•d, but were not Ilmlted to.. Agreeing financial Jtthleme)I dixlosur¥ to undethng Jvpwting d0mOnt0t1Qn Enquiring ol managem•nt as lo aclual and polenbal litpatvjn and claims Because ol the InhenI limilaln$ of an audil, Ihwo is a iisk thal wo wsll not detecl all irrggularitlg$, includlThJ those leI1J to a malerial misstalemenl in the financial stalemenb or non-compliance with regulation. Tht5 risk inueases the that compliance with a law or regUlan is removed from the •vonts and transactws reftected in the fina181 sts1ents. as we will be bss likdy to become 8W8re ol instances of non-COrnl8n¢e. The risk is gffjater rBgardiThJ iThe9ularibes ocwrring to fraud rather than eor, a$ fraLKI invokn int8ntional 0ce81nI. tsgery. c(IfvsK)rt, omiSsn or mi¥r8pr8s&ntstK)n. Ab VdTI vf OTI udil ITI y4iUI 18Aè IUKI, we oxerciae Of•S)nOl juthaetrnt and maintain professional sceptKi5m throug1Kl th• We atso: Identfy assess ts nsks of mat•al misslatement oflhe finanrial ststem8nts. whether due to fraud or error. desgn and perform aLwJit priKédur8S rnsp)nsNe lo Ihose risks. and obtain audii èvidèncè that is suffioent and appropriate to provh*8 8 basis for our opinKJn. The risk of not detectuw a materrdl mis51atenI SuIts"n9 from fraud hwJher than for one SuItIng from Page 16
Homeless Acllon Resource Project Charftable Company Llmlted by Guarantee Independent Auditorfs Report to the Members of the Homeless Actlon Resource Projoct Year ended 31st March 2024 error. as frwd may inv(kn C1in. fryuery. w)t8ntKMI 0mtsss. mk8reWesentstKY, or th8 QVWTKle of intemal contr. Obtain an understandirg of internal control rdèvant lo Ihe audit Sn order to design audlt procedur85 th8t are appropriate In the arcumstances, txjt not fc ihg purposè of èxpressing an opinh)n on the effectiveness of th8 company's inlemal contrc4. Evalua theapprupr&1eiwolotAXMbiiliU u>t¥J ¢iivJ u¥81bn@S&d8rxOuntin9 estimate5 Bnd related disdosures mJ8 by the board. Conclu¢Je on the appropriateness of the tx)ard'5 usè of cuK8m basis of aCTnn9 and, ba¥d on the audit èvYence obtained. wheth8r a material unc8rlainty éxists related lo •venls or CAMdil¥)ns that may sbjnrfnI dwbi on lh8 raritabl8 ¢ompany'$ atyilty to continu9 £15 * 99 COrte•m. If condud• IhAI H mAtAriHI iintrJrtAinty WA AfA fAoiJirArt to draw attenlion in ¢)ui auditorfs p(t lo the related disd05ures in th8 financial staternents or, such ¢Jisclosur6s are inadeouat8, lo modrfy tyjr LWnkJn. ¢)Jr coluS$ are ba$gd tsn th audrt eviderK8 obtsined up io date ol our auditc¢s rewl. Howev8r. futura evonts or conditions may cause th6 assoualKJn io c8asè to contin( as a going concern. Ev8lua¢e Ihe gvorall prèsèfttaft. slruciure and (y)nl¢nl ol Ihg financi81 stalements. including Ihg disdo$urts, and whthaT thè financial ststgm8nts r8pr8Sgnt ihe underfying transadons and ents in 8 rn8nn8r that achi8veg lair FeSertIal li8. 8 tnje aThJ fair view). We communic3te wrth those charged with govemance wardirs, among other matters, the planned scope and timing of the audrt and svJnrftsnt audrt fiTrJrvJ6, I3 any svJnific8nt d8ficiencieB In in19mg1 contrd tht id•htWy durtng 4thY# Us8 olourmwt Thls report is made 8018ty to ldllb ¢nY,S memtjers. a6 a bo¢ty. th 8ccordanc• wlth Chapter 3 of Part 16 of the Companies Ad 2( And s•dion 137 of the Hous4n9 and Regemratlon Act 2008. Ouraudit work has been urKlert8ken so that w• might slate to the charitablè cornpany's members th8 rnatt8r5 we arè fèquirad to stat• to Ih•m in an auditorfs 8nd ts no other pu0$9. To tho fulst exianl pannitted by law. we do not xcept or assun* rasponsilty lo arryone olhgr than the ctharitable company an(J the charitsble o)nV8ny's m?mb8rs as o bcéy. for our audil work. for Ihis ffjFKJrt. for Ihe oplnlons we hav8 formed. S Morr811 ISenK¥ StatutLNy hJAltor) 231091201 For and on ol Edmund Caff LLP Chartered A¢untrnts and ststOry Audrtor 148 Lvtthi Rud Chdmslord Essex CM2 OAW Page 17
Homeless Action Resource Project Charitable Company Llmited by Guarantee Statement of Comprohonsiv• Income (Including In¢om• and Expenditure Account) Year ondod 31st March 2024 2024 2023 Tot•1 funds Totsl fuThJs Tumover 9.091.704 6,050.713 Owr•lIj èxF4ndrtur• 17.317.2561 {J.088.2621 Operating surplus I Idefidll 1,774.448 362,451 Interest receivable 2,555 108 Interest athy lthortlro cc6ts 1283.5311 1130.3791 Dthvmvard rsvalual*)n c4 hsing wopwl 11.517.991) 1724.110 Totsi eompr•h8nsrye thv y•8r 124.5191 491,9301 The slatement ol c¢JmprehensNe MKom8 was apwoved by the Boord o 20 was svJn8d on its beham by". Trust on 16 S8ptomb¥r Michael Raffan Trustee Alistai Trust•• Page 18
Homeless Actlon Resource ProjeGt Charitable Company Limited by Guarantse Statement of Financial Activities (Includlng Income and expendlture account) Year ended 31st March 2024 2024 2023 funds funds Total fvnd¥ Total funds Incom• ab)d •ndowm•nt• OonalionB and 10gacioS Charitable activilKgS Oth8r trading aclivrt Inv8stment income Other incorne 654.5 5.580.718 326.461 2.555 202.976 184.297 2.142,748 838.801 7,723.468 326,461 2.555 202.976 67?,577 4.852.190 513.433 12.S13 Total Income 6.767214 2.327.04S 9,094.259 6.050.821 Expondlture Exwndilur8 on raisirg lunds.. Fur¥Jrais¥)g costs Expèndltuf• on chadtable aciwit 10 11,1 2 248.366 6.848.964 248,366 7.352,421 198,355 5.620,286 703,457 Total •xp•ndltuf• 6.697.330 703.457 7.800,787 S,818.641 N•t In¢om•l•windltur• 1130,1161 1,623,588 1.493,472 232.180 Tran•f•r• b•lv••n fvnd• 718.158 {718,158) O¢h•r recogn18•d galni and lo•••s Ravaluats'on ol fffjehold property 231,2} 11.286.78S} {1.517.9911 1724,1101 N•t mov•ment In lund• 356,836 1381.355) {24.5191 1491.9301 Roconclll•iivn ul Total funds brought lorwar 1.219.975 5,207.775 6,427,7SO 6.919,630 Tol•l fundB C•WTb•d lonv•rd 1,576,811 4.826.420 6,403,231 6.427.750 The gt8t6mont of fina1 activilies indth #ll gairts aThJ los reco3niaèd in th• year. l Incon and 8xpendttur• derive from tinUing a"tiO$. Page 19
Homeless Action Resource Project Charitable Company Llmlted by Guarantse Statement of Finan¢ial Position Company registratlon number 04566985 31 sl March 2024 2024 2023 Flx•d ass•ts Tangible fixed as8ets 1• 11.335.683 9,472,859 Gurrnni •M• D8btors Cash at bank h8ThJ 19 273,838 650.050 194.985 4B3,768 923,888 878.753 Cr•dllors'. arnounts hlllny du• wlthln on• y•ar 887,847 472.029 N•t curr•n¢ •ts 36.041 206.724 Total auet• l•¥• ¢umint Ilabllltl•• 11.371.724 9.879,583 Cr•dllorn: •rnount• lalllnp du• •ft•r mov• than *)n• y••r 21 4,968,493 3.251,833 N•t a•••ts fj,403,231 6.427,750 Funds olth• Ch•rlty Rgslrictad lunds Unwlrielld fimd5 4.826,420 1.51ti,tll 1 5,207,775 1.219.975 Tot•1 Chthty fumd• 6,403,231 6.427,750 These fin8nci81 slatemenls wer• aAxov•d Dy tioaro ol Trusw aUlrsed 1sJu¥ uri 10 S6plember 2024 8nd aro sned on of the 8oaTd ty.. Michael Raffan Twsteg Alistair Trustse Page 20
Homeless Action Resource Project Charitable Company Limited by Guarantee Statsment of Cash Flows Year ended 31st March 2024 2021 2023 Cash Ilo¥M from 4)p•rattng athS11•• Net lexp8fKlttur81 incom8 1,493,472 232,180 Adjuslments for.. Depr8ciab"on ol tangible fixed assets Oth8r inler8St recewable and simA8r irKc Inl&rvst payable and wmilar charges Gain on di8POS 69.615 12,5551 283.531 7,480 53.117 11081 130,379 1,378 chg&S in.. Trada and othef debtors Tra¢Jg and olhar u•ditors on8 YOW 178.853} 415.818 158,61SI 167,3661 Cash generaled from opwalvjis 2,188,508 290.965 Intèrest paid Int•r8s1 r8eèlv8d 1283,5311 1130.3791 2,555 Net cash from operating ac1wbS 1.7.532 160,694 ¢a•h flow6 Ifom Snv•6llng •lfvlll•• Purchase of t8ngibl& a$ts Proceeds ITOrn sale of langibla assets Long t8rn)s loan for pwchase ol ass8ts 13.457.910> 11,300,150) 1.716.660 264,108 Nèt cash u in Invastlng aclNilte 11.741,2501 11,036.0421 Nèt Trn¢r••8• (d•cr••> In •nd calh •qul¥•l•nl• 166,282 1875.3481 Cash and •qul¥•l•nts at Ixglnnlng of y••r 483,768 1.359,116 C•th and Cfv •qulvlont• t •nd of yr 650.050 483.768 Page 21
Homeless AGtion Resource Project Charilable Company Limlted by Guarantee Notes to the Flnanclal Sements Year ondèd 31st March 2024 G•n•rnl Infornmllon The Charity B a public ben8fit entty aFKI a Ffflvate CLNnp#ny h'mited ty guarantee. registered in EngLand and Walos and a iegislered Chanty in England and Wales. The adiJre5s ol the regtstered office is 1t14-IIXS Hvjh Str88L southend--S&a. Essex. SS1 IJN. The charitab company Is gkst•¥ed und8r th• COIYYn Act 2C(6 and is o registersd wovKl•f ofstQ81 I¥)un9. Stat•rn•wrt ol compll•ne• The fin8n¢Kl staiemgnts a w•par•J in acwdarKe with UK Gonwalty ACp ACCnn9 Pro¢li¢c (UK GMPI Including FÈntsh¢o1 Ropo¢tin9 Standard 102 IFRS 1021 and tho Htsusin9 SORP 2018.. Slatemenl ol Recomm8ndod PrKiKe lor R6gLStered Swal Housing Providers 8nd comply wrth the ACcwnIg Direclion for 1Vate Regtslèrnd Pfovthts of Soaal Housing 2023. Ac¢oub)tlnq poll¢l•• Ba•ls ol pr•para¢lon The financial slatements have been pre• on th• hrOtoal cost b8SiS. as K•Jd by the revaluation of rrtain hnancrdl 8ssets atKI liatslii$ and nvestmenl prtspèrt m88SUfed al fair v&lu• through inwm• or 0xpwiEUr•. Tho financlal Slataments arg wepared in st8rflrvJ. lh1g the lunclional c4trrww of thè 8ntty. Qolng eone•rn Thg Trustegs ¢onsid•r that Ihare 8rfr rKJ material uncetsintsgs about tho charitable companys ablllty lo continue as a 90ing concem nor•ny s¥JnrfnI aa$01 uncertainty ¢hat8lfecl the carrying value of as¥ets held by Ihe chll8b company. Judq¢m•nls and k•y our¢M of MtlnwUon unc•rtalnty rh• pr8paralknn of the finanoal Staterne r•quir•s marwment lo make judgements, estimat•8 and assurnplions Ih81 8ffect th8 amounts r6p(rfled. These estimate$ and judgements are continually revthved and a based on experienc8 and other 18Ctors. includiThJ expectstv)n5 of firtU events Ihat are beled lo be reascThb ¢md8r the CarMlanCeS. Accounting e¥bmatgs ar¥J assumptions m•Je the luturè and. by their nature. will rarely equal Ihe r81ated actual outcomè. Incom• tsx The Charity is 8X8mpt from tax on incomè aThJ gains falling wilhin s¢ctTh 505 of tha Tox8s Act 1988 or Sect 2S2 of the Taxalion of chargeab Gains Act 1992 to th6 extenl that th8S8 are applled to ts chan13b Ob. Page 22
Homeless Actlon Resource Prr•ject Charitable Company Limited by Guarantse Notes to the Financial Statsments Year ended 31st March 2024 Accountlng pollcS•9 Fund a0tIng Funds hekl by the Charity are either.. UntriGt?d gen•Tal furwjs. the are fLtnd3 1)kh uaed h) aGwdonr th• tharltable objectNes at the diSueln of the Trustses. Restrict lunds - Ihese ar• luThls that can onty be used for partioJla¥ re51rict8d purpos•s wlthin th8 objectives of the Chanty. These 8re d8tailed in th• finaal statoments. DeshJn8ted lund$- gre fvnd5 set as•J• by Ihe Tntste8S Outofunreslncted fvnds lor spgctr tur8 pur$ or woi8cts. These are delwlod Mi tho firw)cial stat•m8nts. Incomlng r•iourc•s l incomir¥J resource5 are indvded in the $tat¢m8ni of financial activit5 wh8n ènbY6mont has passed to the Ch8rty', it 1$ probab that Iha •conomK benefits as6wated %wth th8 transadion will flow to the Charty and the amcJnt be relkqbly m•asurod. Th• fokw4lr4J speclfic polKi88 artr applied lo particular cale9ori98 of i. • income frorn donatsons or qrants is reetonisad there IB eviden ofenllll•m&nt to the gfft, rocoipt is Pfobable and ts arnounl can be m8asured feliably g4cy incomè k8 r•a)gnis8d when receipl is probable •ThJ •ntiU•m•nt is eslabli8he4J • incorne frryn donat¢d mèasurnd at the fa valug ofthe goods unbèss thls r6 Impractsal io rneaSU reikqryy. Inwhkh Ihv Viihjtr li11 Ui¥wbl lullw duiivi IIK vstiinaled rose value. t)ona¢ed fw'lilies and serv$ ar• racognisod in th8 arxwnts %then r•e4lved If thg valug ¢on bg rBllabty m•Asured. No arL are IrUdd for th• eontrltsjtton of g?ngrn1 YOnIe8r$ •lrom t19¢1$ lorlho ¥t1prdAADiA il ilh lh8 eantroctad servic. This is dassrfd as uned ftjnds unless Ihera is a contractual qUIreMent lor il lo be spent on a particubr and retumed rf unspenL in 1¢h ¢a$& it may be regarded os r6slrid6d. Grnts r•¢•lv•d Items of arè r8ciwis8d and in the ()nts when 811 Iho followng crrteria are m8t.. tha chafty has enbuement to ts fvnd8: any perfomwnce Cond'0n8 8ttach8d to the wvJrr have been fully or are ful wilhin the riitvl ul ilidiiLy therg IB 3uffiu8nt certainty that the r81 ofthe IrK0 15 VDbth: aTrJ the amount can be reliawy ffasurd. Iorne from charitsblo lt94 incIL1@S ihttffiie iin(Ipr rYffilrArt nr whrA Antitl&m&nl to grant luThJiNJ is sutyect to spwfic perfOnnan condth.ons anLI is fe¢ognised as earned la5 the related gcK)ds or servKes a WOWiLledl. Grant tncome indu1 in thts category is recognised on a receivable basis ex(epl where rt is 9iven to fuThJ expendrture in a fvture p8rwJd when it is Ir8at8d as delerred Iome. Page 23
Homeless Action Resource Project harftable Company Limited by Guarantee Notos to the Financial Statements Year ended 31st March 2024 A¢¢ountlng poll¢S•s R•re•S •xp•nd•d Exnarture is recognised on an &cwals basts as a liability ts incurred. Expenditure includas any VAT th1¢h cannot be fulty r8¢overnd. and * dassffied under trwding5 ofthe statement offinancial tlvili¥¥ lu wt1) il r¥bl¥¥. • exF•ndituf• cffi rnBing tuThds KKudès th• costs of dl fuThJraising avants, nC- charit8bk8 tradiry activit$, arvj Iha sale of donatgd wd5 SxpendrtU on charitabte actNils indude5 al costs inrnY by a Charity in uThJartaki atr.liviliAs Ihxtfurthèr ils tharilabl8 aims forlh8 b8nefit of its bgnèficiarios. Indudino th058 SUPPOrt osts and ¢951s rglaling to Lw)v8manco of the Ch8nty app¥Jrtert to charrtable 8CtiVilS othèr èxpendrtuie indudes all eXp8ndrtU Ihal is related to raising funds for th• Charty nor part 01 rts expenditur? on charilable acb¥it. All costs aTr alth8led lo eXn[tUr8 categor rellecbng thg U88 of the rasoJrc•. Direcl (rjsts attributable to a single actwity ar8 allLKat8d direcuy to that activity. Shaf•d costs aro apportIod b#+n lh8 8ebVIt IMY ¢tribUte lo on • roasonablè. jUsbfiao and con6i&tent b8sbs. Op•rnVng l••w• Lease paymènts arè r8cogniseo as an expense over thè a$ Tomi on a $tr8lghl-Iln8 bd2Tr1¥. The aggregate benefit of188se incentNo5 is r¥cognis8d as a reducljon ¢0 0Xn$ ovar the1885e tgrrn, on ¥ slrawJht-lin8 basis. Tanglbl• a•MI• Tangiblgassets we knaNy raco0 atcoBI, aThJ subwuwtyststod al st les5 •nya¢cumu18tad d8preuatiOll 8TrJ impaimienl b)sses. Any langibl8 assets camed at revalued amounts a recordgd al the fair value al Ihe date ol rèValualx less any subsequ8nt UMUlated depreciation an $ub5•qu•nl accumulal•d Impaimwnl195ses. An inc¥ease in th¢ caryirrfj amount ol an osset as a result of a revalvaticn. is recogni¥ed In oth•r r•cogntset1 gains and bsses, unless rt revems a charge lor impairrrnt that has previousty been recognised a$ gxpèndilufe within the $talenI ol financial aclwities. A decrease in the carrySng 8mount ol an asset as a resutt of revalu8tic¥). rets)gnised in olh8r recogni58d gains and knss8$, ex¢gpt lo rt offsets any ValUali0 gain. in Wh case the bss is shcrm wmhin other rw18 garn5 8ThJ h)$$ on the slalement ol financial activi1. D•prKl•tlon Depreciation is Caated so as to wrile off the cosl orvaluaiitin of an asset, less ts re8Ual valuè, over thfr useful ec4)rK¥nK lile of Ihal as58t as folkm.. Motor VeeS Equiprtt 15% r8duriThJ balar 15% reduthThJ balance to 33.3% stra3ht linè No depreCIatn is (tsrged on the freeh¢)Id prwrty. The Charlty's policy is to maintsln the property in a continual stste of sound repair aThJ ac4xKdiryJty the Trustees are ol the opinion that tho lrfe ofthe solw aThJ the resrflual ¥u* so hNJh that the depre¢i8bon rs 5nan1. Pa8e 24
Homeless Action Resource ProjeGt Charilable Company Limited by Guarantee Notes lo the Financial Statements Year onded 31st March 2024 Ac¢ounllng pollcl•• (w Impalrni•nt ol fix•d A •W for indicalors of tmpairThnt is Cam out at each reFrt)rtng date. wrth the 0verabl& amount tieing gsth'rnated such indicators exisl. Whem the Garying value exe8eds th8 i¥wvyialJk aniwilt, the a3&8t 13 impaired {KrdInglY. Piior impairmonts urg Olso roviowcd for possi• rsv8tsal at each repcwbng date. For thè puOSe$ of impairmenl lestin9. rt is nol possible to e$bmal8 th8 recoverable amount ol an indNxYu81 asset, an eslwnat• is made of Ihe r8COV8fdbbE amunt ol the ¢ash8nerating unit tn wh thA ThA fA8h-gènÈratWW Lmil is the smal8st Klentifiabbè orouD ol assets that includes the asstrt and genefales ¢a¥h Inkn that independent of Ihe cash flOW8 frorn other assets w groups of a5S8ts. Fln•n¢l•l In•lrnm•rtts A fin8nd81 as8Ot N a fmancial IK8bMty b reccrfJnl thè •ntty becomeB 8 p8rty to th• ccffitractual prov) ol th• InslrurrnL Basic finaneial instruments are inrfially re¢cgnis•d at the amounl T81¥ab tsr payable including any reLgle(I Ir8ns8ction costs, uwI8SS the arr8ngwn8nt constrtules 8 financiThJ transaelion, where it is rocognised at the presenl ot t luture payrn8ntS disewntoo at a marKei Of Interosl for a sirnilar debt inslntment. Current amats and cufrentlobilitiesare Subwuenfy Meas 8t trcash orother consideraan expected lo be paKJ or reNad not dix¥)unled. Fin8n¢io1 48ts that artr m8asured at cost or am"Sed cost are reVed for objectNe evKlence ol impairnient at the end ol each ffjporting dale. 11 thèi• is objective evKlerKe of impaimient. an impairn¢nl bss is recognisod under th? appropriate h8•Jirs in the slalsmènt ol financi81 activiti¢s in whi( Ihe 01 98in w8s r8cwied. Llmll•d by gu•rntrt•• In the event of Ihtr compAny bew Wou1 up, Ihe Ilablty in respect of Ihg guarnnlee is limitod lo £10 pw member of Ihe Charity 1111 h• or she is a rnernbw cwilhin one year thereafter. Oonallon• •nd l•g*el•s UnllicIed R•stiicted T<)¢al Fund• Funds Funds 2024 DonatK)ns and legao.os 654.504 184.297 838,801 UnIn0t8d Funds Re51nctsd Total Fund3 Fund$ 2023 Don8lion$ and I8gles 607.251 65,326 672.577 Page 25
Homeless Aclion Resource Project Charitable Company Limited by Guarantee Nota5 to the Flnancial Statements Yoar •nd•d 31st March 2024 The Charity b8nefrts greatly Irom Ihe wW0e[rt and enthusiastic suFprKt of its rnany volunieers. detalls of which are giv8n in th8 Tru5tee$' R8POrt. In accordance wlth FRS 102 and the CharfJo8 SORP IFRS 1021. the e¢(rtY conln"butKffj of general vdunt•ws is Th)1 recognised in the acwunts. Chorltsbl• •etl¥Stl•s Unrestricted Funds ReStrted Tot1 Funds Funds 2024 Crants from ohoritablo bodioa Stalulory contracts Housing berrt 8fKI saThie• tharg88 133.(MXI 2.CQ9.748 133.000 2,009.748 5,580,718 S.580,718 5,580,718 2.142.748 7,723.466 Unres¢ncted Rèstricted Funds FU1¥ Totsl Funds 2023 Grants from Chrtable tKéies Stalutory contr8ets Hou&ng benefit and seFVW chw9èS 606.500 371.348 606,500 371,348 3.874,342 3.874.342 3,874.342 977.848 4,852.190 Oth•rtrdlng •¢tl¥ltl•• Unrnstricted Tol•l Fund* Unfestricted Total Funds FuThJs 2024 FuThJs 2023 Shop sal 326,461 326.461 513,433 513.433 326,461 326,461 513.433 513.433 Page 26
Homeless Actlon Resource Project Charitable Company Limited by Guarantee N¢)tes to the Flnancial Statements (110 Year ended 31st March 2024 Inv•slm•nt Incom• UnSIn¢ted Tot•1 Funds Unrestricted Tot4 Funds Funds 2024 Funds 2023 B•nk intarost recl¥able 2.555 2.$55 Oth•r In UnrostrKted Totsl Furtd• Unrestricted Tot81 Funds Funds 2024 FuThJs 2023 Kickstart Gront Insuranc8 claims Other incorne 12,113 12,113 201.592 201.592 400 202,976 202.976 12,513 12,513 10, Fwndrallng co•ts IJN¥thtrided Tt>tl Fund• Unrestrictsd Total FundB Funds 2024 Funds 2023 Wages and solaiios 88nk e.hAfof Trainlng and welfare Equipm8nt ènd IT cosls Motor vehide expenses Telephone Prinling. postsge and $¢aticrf Subscription Marketsng 204.360 445 3.513 617 3.767 2.643 7,858 204.350 178,850 178.850 3,513 617 3,767 2.643 7.858 485 4,369 2.538 2.196 1.086 497 8.334 4.369 2,538 2.196 1.086 497 8,334 24.805 24,805 248.366 248.368 198.355 198.3SS Page 27
Homele55 Action Resource Project Charitable Compary Llmited by Guarantee Notss to th• Financial Statements (cOrfAw Year ond•d 31st March 2024 11. Expondttur• on ¢h•rltablo act1vl1l by luDd ty Unreslrthd Restricted Total Fund• FLmds Fvnd8 2024 s•Nices Tne MJmeles8 Supp)rt costs 703.457 6.203,551 1,068,870 1,06B,870 6.646.964 703.457 7,352.421 Unrgstricted RestrKted Tota Fund6 Funds Funds 2023 Servic88 to thè homeths Support cos¢$ 4,341.389 802,544 476,353 4.817,742 802.$44 5.143.933 476.353 5,620,286 12. Exp•ndliur• on ¢1•bI• •¥111•1 by •cltr¥lty typ• undertaken dw8elly ppc*l Tot•l fund• 2024 Totsl fund 2023 Servie8$ tho h)mekn6 Govemance cosls 6.283,SS1 S,436 162.434 7,189.1 162.434
,>V4.15tt0 115.6Cfj 6.283.551 1.1x8.870 7,352,421 5,620,286 13. An•tyl# ol •upport co•ts Tot1 2024 Tolal 2023 Loan interest Prsmises ComrnunKations and IT Gantsral off Gov8manetr Costs 283.531 446.903 68.130 107.B72 162.434 130.379 365.409 72.965 118.185 115,6(kS 802,544 I,8.670 1& Not Inco•n• Ngt incLxne k8 stabJ after tharg1(cleirwJl. 2024 2023 Depreciaiw OT assets Los51lgainsl on dissy)sal of langibk fixed assets Operatsng lease rentals AlIt(Y5 r8munoration 17,4801 634.503 15.5LKI 11,3781 566,039 12,105 Page 28
Homele55 Action ResourGe Project Charitable Company Limlted by Guaranteo Notss to the Flnanclal Ststements Yoar endod 31$1 March 2024 Audllors, r•munwatlon 2024 2023 Fees payable ts the atyjrt ofth• finarla1 slatefflents 15.5C4) 12,105 16. Staff costs The lots15t¥ff costs and ernOYee beneffts for Ihe repNllThJ period arè anatysed as follow5.' 2024 2023 wag an¢J lan0S Sooal security costs P•nslon contributsons Agency staff Olher b8nehts 3,458,752 327,721 74,165 448.517 48,396 2,753,910 270.037 59.517 ),145 4.357.551 3,373,609 Ourfng th• year, reduThYaw payments lotalMwJ £48.39612023123 ndl **re pold to 7 employo09. Tha 8v8rag& head count ol gmpl)y••s during thg 81 w8s 118 12022123.. 1051. The averb number ol lull-lsrn? 8quivalent amploveeg the year is an8ty8ed as folows.. 2024 No. 2023 No. Charitable purpose3 Management and adrninislrat 89 12 89 101 97 Th8 number ol¢nwby88s rnmun¢r¥lion for the year fell within thè fdlcrrting band$, w•ra'. 2024 No. 2023 £60,000 10 £69,999 £70.000 10 £79,999 É80.000 lo P89 ¢JQQ K•y maTraq•m•nt pornonn•l Key management personn81 indude all perso that have authonty and r8srx)nsibilty for plannin9, direcling and ¢ontrdliryJ Ihe aclivities ol Chaiity. The totsl MUneration benelits pala to Key managernent personnel for W¥e$ wovNJed to Ihe Charity wrds £366.662 which includes 8tnpbye¢s nal¢onal insurance contributs)ns of £38.73012022123". £391.682 induding employerfs national insurance of £42.607}. Page 29
Homele38 Action Resource Project Charitable Company Limited by Guarantee Notes to the Financlal Statements Yoar onded 31 $1 March 2024 17. Tru$t•• r•mun•rallon •xp•nM¥ Th• Trustees nether re(wod w8w•d any remunw8lKJn dumg the year12022ll3.. £Nill and no Trustee receNed paymnt ts experw durirKJ ihe year12022r23.. £Nill. 18. T•nglbl• Ilx•d 1•ts Freehobj Motor ¥ehicbs Equipmont Total At 1 Apnl 2023 Additions Disposals Revaluations Y.U39.2YJ 3.352.836 761.192 87.108 115.9251 9.082.942 3,457,910 115,9251 11.517,9911 8S2.375 11,806,936 17.966 11,517.991) 10.874.095 Al 3111 March 2024 80,466 0opr•¢lJtlon Al Ibl April 2023 Charg8 lor Iha y Disp)sals Al 31•1 March 2024 28.124 6.217 381,959 63.398 18.4451 436.912 4tO,083 69,615 18,4451 471,253 34,341 Crrylnq amount At 3111 M•rch 2024 10,874,095 46.125 415,463 11,335,683 Al 311t March 2023 9.039.2 34.376 399.233 9.472.859 The freeholJ propthti ha been rgvièwad by the Truste in lh8 y•af to ensure th¢ valuotl being camgd In lh8 accounis refieci a f8lr m8rKet ¥¥lue. A wol#s¥k>ii¥l vÈtlu#Dvii wd¥ Liii¥d out by Jones Lang LaS8lle in March 2024 using Ihe'exisb"ng use. v8juatn methc#J foT the majorty of the proportS in tho portfolm). The excepb'on lo this Ihe Bradbury Day Centre whth hos been valwd on 8 market valu• basis lo reesent rfs InJ6 and lair value to Ihe Ch8nty. Included Wbthin bank bans and ov•rdrafts is an nt 01£4.223,08812022r23.. .689,380} whid) is secured by The Charity Bank Limbled by • fixad charg8 over rtain prop8rt18s owned by Hom81e5s Action Reswrce Prrye¢t Also Sndu¢Jed vthhin b8nk lo#ns aThJ overdrafts is an 8ftmnt of £600,(K(1 12022123.. £600.OCKII whh is secured by Paroch1 Chwch Council of the Ecclewstul Parish ol Leigh by w8y of a red charge ovw 2 Ceykjn Road. Page 30
Homele88 Action Resour Project Charltable Company Limited by Guarantee Notss to the Financial Slatements l¢onthMM Year ended 31st March 2024 T•nglbl• fix•d a01$ h•Jd at valu*tlon In r&spéct of tanglble fixed assets hekl at valuation, th8 aggregatè cost. ¢hpreciation and eomparab carryiThJ amount Ih81 wouhj have bo•n r•coJni59d rf the assets had t)98n raled uThJ•r the his¢ori¢Jl cost model are as NIow5'. Fr••hold pr•porty Ai 31 March 2024 A99regale cost Aggregala depreciallon C•rrylng valu• At 31 March 2023 Aggre981e cost Aggregal8 depreclalkjn Carrylng value 15,849,384 15,849.384 12,496.548 12.49CI.548 19. D•btor• 2024 2023 Pr•payments &nd 8¢uu•d Inco 0th8r d•btors 77,130 117,855 174.839 273.8ao 194,905 20. Cr•dttorn: amount• falllng du• tmlthln y•v 2024 2023 Trade creditors Aeeruals and defeThed incom• Social sewrity aNd other taxes 8ank and thttd party kw 114.046 532.321 95.093 146.387 265.530 73.675 88,712 44.11 867.847 472,029 Page 31
Homeless Action Resource Project Charitable Company Limited by Guarantee Notes to the Financial Stst•ments Year ended 31st March 2024 21. Cr•dttorn'. wnounts lalllng du• •ft•r y•ar 2024 2023 Bank and Ihir(I loans 4,.493 3.251,833 4.8.493 3,251,833 Of this amount. cam81 of £4,171,$481202V23'. £2,826,214) is due lo bg f•paid after thon five years. Includgd within bank loarns and overdraft5 is an amount of £4,223,088 12022123.. £2,669,38Olwh4ch is secured by The Charity Bank Limrt8d by way of a fixed eharge over Vanrouvor House. 36 Genesta Roa¢J. $8 Yck Road, 117 York Road. 49a Soutwurch Avenug. 49b Southchurch Av8nu8 49c Southchurch Avènu8. 158 York R¢)ad, 160 Ycrfk Road.162 Y¢J Road. 45 Slwlhehurch Road and 47 Soulhchurch Road lincorwjrabng Bluebird Walk) . There bs 8180 8 fl08tsng charge covering all the propgrty and undertaking ol Ihe company. The legal th 8L80 contalns a negative pd99 Al¥u Iri4(11 wlttiiii t11 Iv¥ii) drpj ov•rdrafta k• amount of E600.000 12022123.. £600.0001 which is Sètsjr by PaKthial Churth CourKil ol Ihe Ecdw"aslKal Parish ofL•igh tyway of a fixa eharge over 2 Road. 21 Anafy•l• of thrltbl• lund• Unr••trlcl•d fund• At 31. March 2024 At1¥ 12023 EKpendrturo1 Incww R•vglu4ti Tr8nAIArA General funds 1219,975 6.767.214 17,128.$36) T18.158 1.576,811 At 111 Awl 2022 Isled} At 311 March 2023 E¥pendituro1 Irm R•valuats"c Tr8n$f8 G8n8ral funds Property devslLynent 1.885,679 4.465.147 15,396,234) 265.383 3C),Cth 542.5( 1577.1171 1265.3831 2,185.679 5.1x17.647 15.973,3511 1.219,975 1.219.975 Page 32
Homeless Action Resource Project Charitable Company Llmited by Guarantee Notgs lo Ihfr Flnan¢lal Stalements (Conthrj Year onded 31$t March 2024 R••trIct lun<ts Tran•fer 8*lanc• at Expendtturnl 1 Aw 2023 h)¢om• R•¥alu4tlon lund 8al#nc• at 31 Mar 2024 SHAPS r•v8nu• grants HA Thry.qmith Frt1JYulaln Southend CC Rough e8r Southend CC Sit up service bert Hunt Twst {229.2601 I33.0) 1343.0671 1134,5451 17.lJXII {6,2) (5.7301 33,000 343.[7 164.679 30,134 Serying Tho Homeless Essex Cornmunty Fovndalwi c8 Stop Shop Lions Club Gioundwork UK Asda 8lu&blrd CatelePpeaI Gardening proiKt 5.730 2.500 250 12501 12501 2x1 14851 12.3961 19.4861 Fundo Avoi10b to Spond Capitsl Fund IFixe(l Assets) 001.303 1771,660) 5.207,775 1.522.742 11.218,5731 1718.1581 4,793,786 5.207,775 2.327.045 11.990.242) (718,1581 4,826,420 Page 33
Homele55 Action Resource ProjeGt Charitable Company Limited by Guarantee Notes to the Finan¢lal Statements (¢ty Year ended 31st March 2024 Southend cty Coun¢ll Rough Sleepw This Is a 3 year conlract io proVe outreath s8rvus kn SoutheThJ South•nd Clty Councll Sit up Sorvk• FUling to prnvkts. A ¥nIAr nt qhAltar arml cwino SUPf#Jt SHAPS grnnts During the year. HARP recerved a totsl of t1,502.)212O23.. £371.3481 as part 013 y88rs luThJwig through SoulheThJ Borough GWnc as part ol thè D&partment for L8vèlling Up, Hou$in9 & Communth¥ IOLUHCI inthbve to tack18 rngh slewng. Clothwork•rs Fundir¥J lowafds Bradt¥Jry Man$hM rnlwtshmgnt Bradbury Foundatlon Funding tOW8fds Bradbury Man¥byfa r8furtknhmt H•nry Smlth Found•tl¢)n Funding is for a lour y&ar Housing Fwst project. Llona Club To fund dlents. Christrnas Groundwofk UK To fund cliènts, Chrislmas rty Following a review ol hi51orical al1xatft ol loan fvndin9 for property purchases and develoents, it has bn agreed Ihal 811 cthls cre by loans laken out to fund such prtsjècts ¥hould b6 shown in the restrict8d lund. alcry wrth the corr95pJnding k)&n b8&nce. Each year, as th¢ loans ar• ropaid, the walen1 omovni bo movtsd bts¢k to th• unrgsthct•d eapitgl fund to refi8ct the r¢ducTrng rnslrlc1n ag8inst this propety. Page 34
Homeless Actlon ResoufGe Project Charilable Company Limit by Guarantee Notss lo the Financial Slatsments frwth•dl Year ended 31st Mar¢h 2024 R¢t•d fvnd Balan¢• ai 1 Apr 2022 Exp•ndltur {rnstat•dl In¢om• R•valualSon B•lance at 31 Mar 2023 Southend Ro&¥Jh Swer Hcnry Smith FoundaiKsn Natal Lottery NSAP 371.348 {371,348) 164.0001 19.6841 Serying Th? Hom8l•ss E$sex Communty F¢unda CO-OP Llons Club 17.2501 17.0421 15,0711 7.042 5.071 Ground%wrk UK Asda 8&Q gardening project 13.6LXII 15C)I 15.cthl 11,8581 Funds Availabkn to 10.S71 465.782 1476.353) Caprtal Fund IFix•d Assehl 4,723.430 577,3¥2 193.047) 5,207.775 4,734,(K11 1.043,174 1569.400 5,207,77S Page 35
Homeless Action Resource ProjeGt Charitable Company Llmited by Guarantee Notes to the Finan¢lal Statements Year endèd 31s1 March 2024 23. Ana5¥ ol n•1 •u•ts ¥•on fvnd• Crgdtlors: •mounts falling TangIb fix•d N•t curr•nt dug after mor• gsets than on• y•ar Total 2024 R¢•trScted Incom• Fund•-. Sorvices to the horne$$ 9.488.844 77.370 14,739.7941 1228.699) 14,068,493) 4,826,420 1,576.811 6,403,231 Unr¢•trlcted In¢om• Fund 1.846,839 141.329} 36.041 Tv)l•l Puiithb 11,335.683 CT•dknr•: mount falllng T•nglbJ• fix•d Net eurr•nt du• after mor• than on• y•ar Totsl 2023 R••trlet•d Incorn• Fund*'. Services lo the homeless 5.325,528 4.141.331 1117.753} 324.477 5.207,775 Unrn•trl¢t•d In¢om• Fund• 1,219,97 Total Fund• 9.472.859 206.724 13.251.833) 8.427,750 24. Op•f•tlng I•1 comrnllm•nts Tho totsl lutur• minlnvJm198s• pgyments urtdw n¢¢•11@bl8 &$8$ are as follows.. 2024 2023 Not later than 1 yoar Latèr than 1 year and not laler than 5 Due in mor8 than S year5 475,377 858.307 119.100 484.186 642,708 1,452.784 1,126.894 25. Contlng•n¢l•• During 2023124. thè Chwty YeceTr¥•d of £3.720 {202J23: £1,115) In respect of unclaimed client account bLn5 from various sohcrt¢ys. The Charity has provmaed an indemnity to reimburse the hjnds should the k¥an1 parnes ever come rorwaro and ra15e a vii Iliv balance. Grants of £150.000 were receNl in each of 2014 and 2017 for property development at thè Bradbury Centre and Whit8 Hea¢her Hwse respecbvety. Th grant leS stipulatethal in lh8 ovont cilher property ig sold wihin ton years of r•e•wiDg dtsnaln. Ihe FNindali<)n reserves thè right to daim back Ihe relevant donats n wt ¢x in full. dep8ThJwwJ on Ihe proceeds received by the Charity. Page 36
Homeless Actlon Resource Project Charitable Company Limlted by Guaranlee Notss lo the Financial Ststements Yoar ended 31st March 2024 26. R•lat•d p•rtlos Durin9 Iha year, donatiws of £4,13612022123". £4,110> wèr8 ffjceived from rèLated p8rtK8$ 27. Ev•rrt• #ft•r th• r•portlng p•Ylod Events after th$ r8porb.ng perDJ arn deialed In Ihe Truslee Annu Report on pap 10. 28. Capltol tommllm•nt At the year end, HARP [e ¢¢ffimrttsd pan9 £297,415 inc VAT tsmaS Ihe refurbishment of • HARP gwn8d property. Page 37