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← Open Homes Nottingham

2024-12-31-accounts

Company registration number: 05355287 Charity registration number: 1110176

Open Homes Nottingham

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 December 2024

Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Open Homes Nottingham

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9 to 10
Balance Sheet 11
Notes to the Financial Statements 12 to 19

Open Homes Nottingham

Reference and Administrative Details

Trustees Sarah Dickin, Chair, from 16/12/24 Michael Davies, Chair, until 16/12/24 Thomas Kite Mark Nightingale Ruth Holden Charity Registration Number 1110176 Company Registration Number 05355287 Registered Office Unity House 35 Church Street Lenton Nottingham Nottinghamshire NG7 2FF Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL Solicitors: Geldards LLP Number One Pride Place Pride Park Derby DE24 8QR Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Page 1

Open Homes Nottingham

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2024.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Sarah Dickin, Chair, from 16/12/24 Michael Davies, Chair, until 16/12/24 Thomas Kite Mark Nightingale Ruth Holden

Structure, governance and management

Nature of governing document

The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 7 February 2005 and most recently amended 14 June 2021. It has no share capital and the liability of each member in the event of winding-up is limited to £1.

Recruitment and appointment of trustees

The trustees of Open Homes Nottingham, who are also directors for the purposes of company law, who served during the year were:

M Davies T Kite M Nightingale S Dickin R Holden

Trustees are appointed as and when seems fit according to the needs of the charity; names are proposed by the Project Manager and by Trustees and Members and are then approved by the Board.

Induction and training of trustees

New trustees are supplied with a 'New Trustee's Pack' which inlcudes:

The Board of Trustees, as the company's directors, are legally responsible for the overall management and control of the charity and meet at least four times a year.

The day to day running of the charity’s projects is delegated to Project Leaders who are members of staff. Salary decisions are made by the Board of Trustees.

Page 2

Open Homes Nottingham

Trustees' Report

Objectives and activities

Objects and aims

The objects for which the Company is established are:

(a) to relieve young people aged between 16-25 in the East Midlands who are in conditions of need, hardship and distress by reason of their social and economic circumstances and in particular but not exclusively by deploying human and material resources to provide appropriate relief and support to such persons.

Objectives, strategies and activities

• Providing Emergency Accommodation: Offering short-term stays with trained volunteer hosts to young people experiencing homelessness.

• Referral & Support Services: Working with referral agencies, educational institutions, and community partners to connect young people with our services.

• Awareness & Advocacy: Engaging with churches, community groups, and stakeholders to raise awareness of youth homelessness and promote volunteer opportunities.

• Securing Sustainable Funding: Applying for grants and fundraising to maintain and expand our services.

• Developing Long-Term Support Pathways: Exploring opportunities for longer-term stays and collaboration with housing organisations to support young people beyond emergency accommodation.

Public benefit

The service provided by the organisation ensures vulnerable young people have a safe place to stay while they transition from street homelessness to more stable housing. Through partnerships with churches, agencies, and educational institutions, awareness and engagement in addressing youth homelessness have increased in 2024. Our work ensures that young people in crisis have access to safe, supportive accommodation while connecting them with resources to move toward independent living. By training volunteers and engaging communities, we create a broader support network to prevent homelessness

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Achievements and performance

Volunteer Training & Support:

Over the last year staff and volunteers have attended a wide range of training courses based around safeguarding, trauma-informed care, domestic violence and suicide awareness.

35 people attended a very successful ‘Volunteer Celebration’ event in December. Staff, trustees and driving and hosting volunteers enjoyed delicious food and heard about the many positive achievements of the charity over the evening.

This year has seen the charity transition to be more volunteer led by restructuring our volunteer supervisions and inviting them to be more involved with shaping the future of the charity.

Stakeholder Engagement:

Our project lead has conducted presentations at various churches for volunteer recruitment and the raising of awareness of youth homelessness in Nottingham. There has been a significant move to engage with educational institutions for referrals and awareness campaigns. In addition, more volunteer hosts and drivers have been advocates for the charity at church events. Open Homes will continue to increase volunteer involvement in recruitment going forward.

Page 3

Open Homes Nottingham

Trustees' Report

Marketing & Branding:

Our branding, which received an update and refresh in 2023 by Still & Nimble, continued to be rolled out into our social media pages. We are excited about the new website launch which went live in July 2024 which has already resulted in an increased number of individual donors and volunteer applications.

Projects:

This year we continued to operate the Nottingham Nightstop project which provides a unique service for hosting vulnerable young people facing homelessness. 308 bednights were provided for 66 young people who were referred through with a variety of agencies.

We continued to work on devising and implementing the ‘Pathways’ project for supporting young people in longer-term stays and providing a range of bespoke support for them.

Volunteer Hosts:

Across the year we onboarded 4 new hosts. By December 2024 we had 13 active volunteer host households (up from 10 at the end of 2023), as well as 12 active volunteer drivers.

Retention & Training:

Open Homes staff were trained on Safeguarding and our Project Lead trained as Safeguarding Lead. One host that specialises in longer term hosting received specialised training to support young people.

Successful Grants & Donations:

Increased engagement with community, churches and donors has no doubt contributed to our annual 'The Big Give Christmas Challenge' fundraising campaign being our most successful yet, with £22,060 raised.

Marketing and Branding

Courtesy of Adam Shaw photography, a photo shoot was organised in January which has provided us with digital assets for our website and social media content. One image finished 3rd in charity photo competition! A new volunteer recruitment presentation was created with promotional slides and videos incorporated for digital church presentations and noticeboards. An imaginative ‘journey’ reel for young people using Nightstop was developed to showcase and support our volunteer recruitment campaign. As previously mentioned, our new website launched in July 2024.

Our project lead continued to networking with churches and referral agencies despite staff shortages. Additional referral agencies were onboarded: Bilborough College, Nottingham College and Refugee Roots. Training was provided to 40 well-being mentors and safeguarding teams. Throughout 2024 efforts to expand the referral network and volunteer base continued.

Positivity and Flexibility

Open Homes adapted to staffing challenges at the beginning of the year by redistributing responsibilities among existing team members. This provided the organisation with a multiskilled team increasingly able to competently cover roles within the charity. The team grew and successfully maintained service levels and engagement.

In 2023 we trialled the concept of the 'Referral Worker'. This was aimed at university students who are passionate about social justice. This role which has flexible hours of working, provides opportunity to explore the charity sector by learning to receive referrals from various agencies, undertake risk assessments with potential service users, and work with our volunteers in order to arrange Nightstop placements, all alongside their studies. Following great success in the trial, in Spring 2024 we moved to recruit three additional Referral Workers to ensure cover for referrals each day of the working week without compromising other day to day operations.

Empathy and Lived Experience

Volunteers and staff with lived experience are integral to the service.

Page 4

Open Homes Nottingham

Trustees' Report

Training focuses on understanding trauma and effective support strategies which will be developed further in 2025.

Balance of Detail-Orientated and Big-Picture Thinking

To enable this we ran strategic planning sessions for funding applications and project management. Expansion plans are in early stages of scope and development as we await funding outcomes.

Conclusion

Despite facing significant staffing changes and challenges, the organisation has successfully maintained and even expanded its services. Increased efforts in recruitment, funding, and stakeholder engagement continue to ensure the long-term sustainability and growth. The coming year will focus on strengthening relationships, enhancing volunteer support, and securing stable funding to expand our impact further.

Financial review

In spite of 2024 had the largest expenditure ever, we also had our largest financial growth due to the excellent funding bids submitted and then approved / awarded and the success of the Big Give campaign once again. The trustees are grateful for the current financial security which we do not take for granted. Likewise we are highly confident that the charity's financial position will continue to be stable which enables us to plan thrive and flourish further into the future.

Policy on reserves

The Trustees have determined that the appropriate level of free reserves which are not invested in tangible fixed assets should be equivalent to 3 months of the charity’s total unrestricted expenditure plus an estimate of closure costs.

Major risks and management of those risks

Risk management

We are dependent on non-statutory funding and need constantly to be looking at fundraising to have enough funds to keep the service running.

Page 5

Open Homes Nottingham

Trustees' Report

Acknowledgements

Open Homes Nottingham would like to thank:

Our wonderful staff team and every one of our phenomenal volunteers, who are the bedrock of the charity and without whom none of our work would be possible.

For their incredibly generous in-kind support, we would like to thank:

Adam Shaw Photography Ltd Still&Nimble Ltd

Every individual who has donated to Open Homes Nottingham over 2024.

The congregations of:

Cornerstone Church Grace Church Heart Church Kimberly Neighbourhood Church Sherwood Forest Community Church St. Nic's Church, Nottingham St. Paul's Boundary Road Church St. Peter's Church, Ruddington Trent Vineyard Church

We would further like to thank:

The Albert Hunt Trust The Artemis Trust Boots Charitable Trust The Chetwode Foundation Comfort Estates Depaul UK European Metal Recycling Ltd Jessie Spencer Trust The JN Derbyshire Trust The Jones 1986 Trust The Lady Hind Trust LandAid Charitable Trust Limited The Mary Robertson Trust The Monday Charitable Trust The National Lottery Community Organisation's Cost of Living Fund Players of The People's Postcode Lottery The Thomas Farr Charity Trusthouse Charitable Foundation Young People At Risk Fund The 29th May 1961 Charitable Trust

Lastly, we were honoured to be the recipient of donations made in memory of the late Mrs Jean Langley Nightingale. Our deepest sympathies go out to Peter Nightingale and their family, and we are incredibly grateful for your generosity.

Page 6

Open Homes Nottingham

Trustees' Report

Statement of Responsibilities

The trustees (who are also the directors of Open Homes Nottingham for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

The annual report was approved by the trustees of the charity on .................... and signed on its behalf by: 27/03/2025

......................................... Sarah Dickin Trustee

Page 7

Open Homes Nottingham

Independent Examiner's Report to the trustees of Open Homes Nottingham ('the Company')

Independent examiner’s report to the trustees of Open Homes Nottingham ('the Company')

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... ao? John O'Brien MSc, FAIA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners

Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL 28/03/25 Date:.............................

Page 8

Open Homes Nottingham

Statement of Financial Activities for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Investment income
5
Total Income
Expenditure on:
Charitable activities
6
Total Expenditure
Net (expenditure)/income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
18		 Unrestricted
£
40,403
-
784
41,187
(42,400)
(42,400)
(1,213)
(186)
(1,399)
36,660
35,261		 Restricted
£
-
86,135
-
86,135
(66,710)
(66,710)
19,425
186
19,611
17,382
36,993		 Total
2024
£
40,403
86,135
784
127,322
(109,110)
(109,110)
18,212
-
18,212
54,042
72,254		 Total
2023
£
43,978
44,115
729
88,822
(86,955)
(86,955)
1,867
-
1,867
52,175
54,042

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 18.

The notes on pages 12 to 19 form an integral part of these financial statements. Page 9

Open Homes Nottingham

Statement of Financial Activities for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

These are the figures for the previous accounting period and are included for comparative purposes

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Investment income
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
18		 Unrestricted
funds
£
43,978
-
729
44,707
(40,807)
(40,807)
3,900
3,900
32,760
36,660		 Restricted
funds
£
-
44,115
-
44,115
(46,148)
(46,148)
(2,033)
(2,033)
19,415
17,382		 Total
2023
£
43,978
44,115
729
88,822
(86,955)
(86,955)
1,867
1,867
52,175
54,042

The notes on pages 12 to 19 form an integral part of these financial statements. Page 10

Open Homes Nottingham

(Registration number: 05355287) Balance Sheet as at 31 December 2024

2024 2023
Note £ £
Current assets
Debtors 9 - 13,968
Cash at bank and in hand 10 74,175 40,752
74,175 54,720
Creditors: Amounts falling due within one year 11 (1,921) (678)
Net assets 72,254 54,042
Funds of the charity:
Restricted income funds
Restricted funds 18 36,993 17,382
Unrestricted income funds
Unrestricted funds 35,261 36,660
Total funds 18 72,254 54,042

For the financial year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 9 to 19 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by: 27/03/25

......................................... Sarah Dickin 27/03/2025 Trustee

The notes on pages 12 to 19 form an integral part of these financial statements. Page 11

Open Homes Nottingham

Notes to the Financial Statements for the Year Ended 31 December 2024

1 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Open Homes Nottingham meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Exemption from preparing a cash flow statement

Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Page 12

Open Homes Nottingham

Notes to the Financial Statements for the Year Ended 31 December 2024

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.

Page 13

Open Homes Nottingham

Notes to the Financial Statements for the Year Ended 31 December 2024

2 Income from donations and legacies

Donations and legacies;
Donations from companies, trusts and similar
proceeds
Gift aid reclaimed
3
Income from charitable activities
Grants & donations
4
Grants & donations
HMRC Gift aid
Big Give Christmas Challenge
Sundry grants & donations
Boots Charitable Trust
National Lottery Community Fund
Jessie Spencer Trust
J. N. Derbyshire Trust
Depaul UK
The Albert Hunt Trust
The Lady Hind Trust
The Jones 1986 Charitable Trust
The Mary Robertson Trust
LandAid
The Artemis Trust
People's Postcode Lottery
The Thomas Farr Charity
The Trusthouse Charitable Foundation		 Unrestricted
General
£
39,467
936
40,403
Restricted
funds
£
86,135
Unrestricted
funds
£
936
14,247
8,220
-
-
1,000
-
-
-
-
10,000
-
-
6,000
-
-
-
40,403		 Total
2024
£
39,467
936
40,403
Total
2024
£
86,135
Restricted
funds
£
-
-
-
10,000
15,585
-
3,000
2,250
10,000
2,000
-
2,000
1,300
-
25,000
5,000
10,000
86,135		 Total
2023
£
40,615
3,363
43,978
Total
2023
£
44,115
Total
£
936
14,247
8,220
10,000
15,585
1,000
3,000
2,250
10,000
2,000
10,000
2,000
1,300
6,000
25,000
5,000
10,000
126,538

Page 14

Open Homes Nottingham

Notes to the Financial Statements for the Year Ended 31 December 2024

5 Investment income

Interest receivable and similar income;
Interest receivable on bank deposits
6
Expenditure on charitable activities		 Unrestricted
funds
General
£
784		 Total
2024
£
784		 Total
2023
£
729
Bank charges
Communications & website
Service delivery
Insurance
IT costs
Legal & professional fees
Office & general administrative
expenditures
Office rent & utilities
Staff & volunteer wellbeing, travel
& expenses
Registrations
Wages, NI & pension
Equipment & furniture		 Unrestricted
funds
General
£
-
1,815
-
1,853
1,155
1,210
6
1,610
-
548
34,203
-
42,400		 Restricted
funds
£
60
3,982
755
-
-
304
-
2,515
1,058
-
56,571
1,465
66,710		 Total
2024
£
60
5,797
755
1,853
1,155
1,514
6
4,125
1,058
548
90,774
1,465
109,110		 Total
2023
£
60
4,039
264
3,128
2,818
1,325
61
3,625
869
193
70,274
299
86,955

Page 15

Open Homes Nottingham

Notes to the Financial Statements for the Year Ended 31 December 2024

7 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Pension costs		 2024
£
89,236
1,538
90,774		 2023
£
68,750
1,524
70,274

The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:

Average number of employees 2024
No
6		 2023
No
5

2 (2023 - 2) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £1,538 (2023 - £1,524).

No employee received emoluments of more than £60,000 during the year.

8 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

In the opinion of the trustees they are the only key management personnel of the Charitable Company.

9 Debtors

Prepayments
Other debtors
10 Cash and cash equivalents
Cash at bank		 2024
£
-
-
-
2024
£
74,175		 2023
£
1,853
12,115
13,968
2023
£
40,752

Page 16

Open Homes Nottingham

Notes to the Financial Statements for the Year Ended 31 December 2024

11 Creditors: amounts falling due within one year

11 Creditors: amounts falling due within one year
Other taxation and social security
Accruals		 2024
£
1,057
864
1,921		 2023
£
-
678
678

12 Charity status

The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

13 Fees payable to independent examiner

During the period, the fees payable (excluding VAT) to the charity's independent examiner Community Accounting Plus are analysed as follows:

Independent examination 2024
£
565
565		 2023
£
565
565

14 Taxation

The charity is a registered charity and is therefore exempt from taxation.

15 Related party transactions

There were no related party transactions in the year.

16 Benefits in kind

Open Homes thanks Switch Utilities Limited for supplying the landline services and on-call mobile number without cost in continued logistical support.

Page 17

Open Homes Nottingham

Notes to the Financial Statements for the Year Ended 31 December 2024

17 Analysis of net assets between funds

Unrestricted

Current assets
Current liabilities
Total net assets
Current assets
Current liabilities
Total net assets
18 Funds
Unrestricted funds
General
General fund
Restricted funds
Cost of Living fund
(Lottery)
Supported Lodgings &
Nottingham Nightstop
(various grants)
Website
Total restricted funds
Total funds		 Balance at 1
January
2024
£
36,660
974
14,855
1,553
17,382
54,042		 General
£
Restricted
£
2024
Total funds
£
37,182
36,993
74,175
(1,921)
-
(1,921)
35,261
36,993
72,254
Unrestricted
General
£
Restricted
£
2023
Total funds
£
37,338
17,382
54,720
(678)
-
(678)
36,660
17,382
54,042
Incoming
resources
£
Resources
expended
£
Transfers
£
Balance at
31
December
2024
£
41,187
(42,400)
(186)
35,261
15,585
(16,764)
205
-
69,800
(47,662)
-
36,993
750
(2,284)
(19)
-
86,135
(66,710)
186
36,993
127,322
(109,110)
-
72,254		 2024
Total funds
£
74,175
(1,921)		 2024
Total funds
£
74,175
(1,921)
72,254
2023
Total funds
£
54,720
(678)
54,042
Balance at
31
December
2024
£
35,261
-
36,993
-
36,993
72,254

The transfer from the Website fund to the General fund reflects the release of any restrictions on the use of these funds.

The transfer from the General fund to the Cost of Living (Lottery) fund is to cover the deficit on this activity.

Page 18

Open Homes Nottingham

Notes to the Financial Statements for the Year Ended 31 December 2024

The specific purposes for which the funds are to be applied are as follows:

Nottingham Nightstop provides emergency accommodation for homeless young people aged 16-25 in the homes of approved volunteer hosts. It also has a team of volunteer drivers who transport the young people to their placements.

The Supported Lodgings scheme provides accommodation for homeless young people aged 16-25 in the homes of approved hosts. This accommodation can be provided from 1 month up to 2 years, depending on need and the host’s availability. The young person is offered support both from the host and an Open Homes Worker, who will also support them to find appropriate move-on accommodation.

Website - funding from Nightstop UK towards website construction, visuals for print and social media, brand guidelines.

These are the figures for the previous accounting period and are included for comparative purposes

Unrestricted funds
General
General fund
Restricted
Cost of Living fund (Lottery)
Supported Lodgings &
Nottingham Nightstop (various
grants)
Website
Supported Lodgings &
Nottingham Nightstop (Lottery)
Core costs & salaries (Thomas
Farr)
Total restricted funds
Total funds		 Balance at 1
January 2023
£
32,760
-
2,140
2,544
9,731
5,000
19,415
52,175		 Incoming
resources
£
44,707
12,115
32,000
-
-
-
44,115
88,822		 Resources
expended
£
(40,807)
(11,141)
(19,285)
(991)
(9,731)
(5,000)
(46,148)
(86,955)		 Balance at 31
December
2023
£
36,660
974
14,855
1,553
-
-
17,382
54,042

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