REGISTERED COMPA.YY P*UMI BER.. ￿2$5958 (Eneland and Wal¢s) RF.C.ISTERED CHARITY TriUMBER..I 112553 Re r¢ of the Trustees and Unaudited Flnaneixl Sta¢erneDts for Ihe Year Ended 30 S¢ tember 2023 Housin Initiatives Ltd Alexander Myerson & Co Limited Alexander House 61 Rodnev Strect Liverpool MeTseyside LI 9ER Hou51 Initiatives Ltd Ik al ab)d Administratii'¢ InforThation for the Year Ended 30 Se ternber 2023 Trustees P N Merity M Ollivier G H C Roberts Company Secretary Mrs Jayne Lunt (appointed 6110r23} Charily Number I11?553 Company Nufflber 04255958 Registered office 151 Stsnley Road B￿tle L203DL Independent Exarnintr Paul Burns Bsc Hon5 BFP FCA Alexander Myer50n & Co Limiied Alexander House 61 Rodney Sireet Liverpool Merseyside LI 9ER Banktrs Lloyds Bank plc 137 Telegraph Road Heswall Wirral CH60 OAN Housin Initiatives Lid Contents of the Financi81 Siatements for the Year Ended 30 Se ternber 2023 Page Report of the Trustets I to Statement ofTrustees RestM)nsibilities Independent Exarniner's Re￿rt Statement of Financial Aetivitie5 Bttlanet Sheet 6 to Notes to the Finaoci81 Staiemellts lo 13 sin lniliatives Ltd Re ort of the Trustees ror Ihe Year EDded 30 Se ternber 2t)23 The trU￿eeS pre5¢nt their report and financial slatements for the ￿riod ended 30 September 9023. The accounts have been prepated in accordance with the aecounting policies sei oui in note I to the accounts and CO￿pIY with ihe charity's memorandum and articles of assoeiation, the Companies Act 2006 and'"Accounting and Rew)rting by Ch8rities= Ststernent of Recotnmended Practice applitable to charities preparing their accounts in accoTdance with the Financial Reporting Standard applicable in the UK and Repjblic of Ireland {FRS 1021" (as amended for accounting periods CDTnfftencing from l January ?019). Objeetives and activilie5 Housing Initiatives (UK) Limited was founded iJ] 2001. 8$ & not-for-profit company. The aim of Housing Initiatives (UK) Li]nited is io provide support¢d housing io people with learnin8 disabilities and other vulnerable people in the Greater Metseyside area. The trustees in accordance with Section 4 of the 2006 Charitie5 Act have taken due ￿gttrd of ihe public benefit and acted accordin(Tly. Aehievements and performance Throughout the period Housing Iniiiaiives held ￿andatOry and non-tnandatory accreditaiions ar¢d li¢enses via the Local Authoriiies which regulaied the high standards of the properties: the applic81ion for HI io become o Registered Social Landlord (RSLI is ongoing, although has proved io be a much lengihier and more complex proces5 than had been envisaged. Many of our tenants are long-standing and ihis has had a stabilising effect on their lives and seen them become more integTaied inio iheir local cOm￿UnItIes. ¢ to Dngoing voids 4t HougTnoTnont Grove trnsiees took the decision to put the pioperty up for sale. ReservES poltcv The funding policy of the ¢haTity is to mainiain within unresrricted ￿ndS ai least ? tnofjths, running costs to ensure that it Can continue io meet 115 obligations. The iDJsiees are of the opini(Trn that cath-flow is sufficient to continue ihe on-going work of the charity. The value of the ptopenies ha5 incre￿ed due io a rise in housing demand with an estimated value of £1.5 million. The charity will seek w get up to date RICS valuations for all its properties. Financial review The charity does not receive any grant support towards the provision of accommodation. obtaining mortgages for properties and receiving rental incolne from ienanrs. However. Ihe charity will coniinue to seek general unrestricted fund5 te further the charity r¢servES and develop (he infrasrncture of the charity. Managetnent repons are produced and are reviewed by the b08rd at each board meeting io ensure that the charhty properly manages the funds available. Over the 12.monih period Ioctober 2022- September 2￿3) the rental income has flucruaied due to the de-cornmissioning of services a couple of years ago and th¢ filling of voids. As of September 2023. voids are as follows.. Gainford Road- 3 x voids Hougoumont Grove- 2 x voids Investment policy The charit> s investment policy cutrenily is io hold any reserves * the bank. Risk p(bliey The board of trustees has carried out risk assessment5 and to lessen the Ti5k5 10 ihe charity as far as possible. Govern4nee The charity Strives ￿ ensure that there are adequare trUS￿eS wilh a diversity of skills. Housin Init&ative5 Ltd orl of ihe Trustees for the Year Ended 30 Se lember 2023 External The charity coniinues co mainiain it5 profile within Ihe local communÉty. thu5 ensuring the charity is sensitive to the community'5 needs. Financial Financial procedures are in place and adhered to. Accounts are moniiored regularly. Operational The charity ensures thai suiiably qualifie(V5killtd staff are recNiied. Structure, eovernance and management Housing Iniiiaiives IUKI Limited was registered as a charity Oti 19 December 2005, charity number 1112553. In September 2019. Housing Initiatives merged with Expect Ltd. The charity is governed under its Memorandum and Articles of AssocÈation incorpordied on 20 July 2(K) I, as amended by special Tesolution daied Mi arch 2016 and on 30 Augusi 2019. The trustee5. who are also the directors for the purpose of company law. and who served during Ihe period weTe'. Mr. A Giltnore (resigned ?517Q2) Mr. Peter Neil Meiity Mr. Gareih Howell Clarke Robens (resigned 15r2124) Miss Margaret Olliviei lappoinied 118123} The Board of Trllstees aims io ensure it5 member% provÈde a go¢)d mi¥ of skills. knowledge and experience in relarion lo providing governanee and management for a charitable 01(panisaiion. The exi51ing Board members nominaie candidaies on their skill. abilitie% and experience in various capacities of Iheir working and everyday life. Small comp2ny provisions This repon has been piepaied in accordance with the special provisions relaiing io small companies within Part 15 of the Companies Act 2006. The trusiees. report was approved by the Board of Trustees. Approved by f the board of trustees on ............... ..... - and signed on its behalf by.. Pme Pa: Housin Jnitialives Ltd Statement of Trustees Res t15ibilities ror the Year Ended 30 S¢ tember 2023 The Irusiees. who are also the Directors of Housing Initiatives {UK) Limited for the purpose of company law. are responsible for preparing the Ttustees Re￿n and the accounE5 in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare accounts for each financial year which 8iVe5 a true and fair view of the state Df affaiTS of rhe charity and of the incoming resources and appli¢alion of resourtts, Ulcluding the income and expendilure. of the charitable eotnpany for thai year. In preparing Ihese accounts, the trustees &re required io.. Select 5Uktable accounting rM)licies and ihen apply rhem consi51enily' Observe the meihods and principles in the Charilies SORP. Make judgemenls and estimates that are reasonable and prudent. State wheihei applicable UK AccountÈng Standards have been followe(L subject to any material departures disclosed and eKplained in the accounts,. and Prepare the accounts on ihe going concern basis unless it is inappropriaie io presume ihat the charity will continue in operation. The tyusiees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the rinancial position of the charity and enable them 10 ensu￿ that the accounts comply wilh Ihe Companies Act 2006. They are also responsible for safeguardit]g Ihe asseis of the charity and hence for taking reasonable sieps for Ihe prevention and deteciion of fraud and other irre8ulaiities. IRde endent Ex4TNiner's Re Hollsin Initiatives rt to the Trustees or Ltd Independent examiner's report to the trustees of Housing Inktiltives (U.K.) Ltd ('the Company.) report to the charity trusiees on my exarnination of the aecounrs of the Company for the year ended 30 September 2023. Responsibilitie5 and basis of report As the charity's tru51ees 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 Ihe accounts of the Company are noi requited to be audited under Patt 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's account5 as carried oui undeT Seclion 145 of the Charities Act 2011 I'the 2011 Act). In canying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent exaThin¢r'5 St3temtDt I have compleied my examination. I confm that no matteT5 have ¢oMe to my attention in conneciion with the examination giving me cause to believe-. couniing records were not kept respect of the Company as required by Se¢tion 386 of the 2006 Aci. or the accounis do not accord with those records; or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any Teqllirement that Ihe accounts give a true and fair view which is nol a matter considered as part of an independent examination- or the &¢¢ounts have not been prepared in ateordance with the methods and principles of the Statement of Recommended Piaclice for accounting and reporting by charities (applicable io charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland {FRS 102)). I have no conc¢rns and have come across no other matters ￿ conneciion with the examiThaiion io which attention should be drawn in Ihis report in order 10 enable a proper understanding of the accounts io be reached. Poul Bums Bsc Hons BFP FCA Alexander Myer50n & Co Limited Ale.xander House 61 Rodney Street Liverpool Me￿eys1de LI 9ER Date= (t Housi Initiative5 Statement of FI￿3￿claI Activilie$ Includin Income and Ei enditure Account ror th¢ Year Ended 30 Se tember 2023 30.9.23 Unrestricted funds 30.9.22 Total nds Noles INCOME AND ENDOWMENTS FROM Charitable activities Property Renial Income Other income 145,520 150.112 Investment income 150 Tolal 145 670 150,121 EXPENDITURE ON Charitable activities EX￿￿se$ and GovemaJJce ¢osts 187,653 177,615 NET INCOMEI(EXPEYDITURE) (41,983) (27.494) RECONCILIATION OF FUNDS Total funds brought forward 610,995 638.489 TOTAL FUNDS CARRIED FORWARD 569.012 610,995 Ilie 1101¢% IL)riTI i)l-Ihese lin￿lj￿141 slJlL'IIILIIIS Housin Initiatives Ltd Balan£¢ Sheel 30 S¢ tember 2023 30.9.?3 UnteStri¢led nds Tothl nds Noles FIXED ASSETS Tangible assets .138.505 1,144.645 CURRENT ASSETS Debtor5 Cash at bank 13.952 19,193 16.704 48.592 33,145 65,296 CREDITORS Amoun15 falling due within one year {113,503) {61.185) NET CURRENT ILIABILITIESIIASSETS 80.)58 TOTAL ASSETS LESS CURRENT LIABILITIES 1.058.147 1,148,756 CREDITORS Amounts falling due after more than one year 10 (489.1351 (537,761) NET ASSETS 569012 610,995 FL:P4DS Lnrestricted fund5 569.012 610.995 TOT AL FUNDS 569 012 610.995 The charitable company is entitled to exefflpiion from audit under Seciion 477 of the Companies Act 2006 for the year ended 30 September 2023. The members have not required the company io obrain an audit of its fiDall¢ial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 21X)6. The Erusiees acknowledge their responsibiliÉies for-. (a) ensuring that the charitable company keeps accouniing records th* ¢omply with Sections 386 and 387 of the Cornpanies Act 2006 and (bl preparing financial statements which give a inje and fair view of the state of affairs of the charitable company as ai ihe end of each financial yeai and of its surplus or defi¢ii for each financial year in accordance with the requirements of Sections 394 and 395 and which oiherwi5¢ comply with the requiretnen(5 of the Companies Aci 2006 relating to financial siaiemet)ts. so far as applicable 10 the charitable company. I'he nvies li)Ini P41rt ibl. IhLSL 111ilL lIcj￿9[ S￿[ellitnls Housin Initiatives Lld Balance Sheet - continued 30 Se tember 2023 These financial siaiemenis have been prepared in accordance with the provisions applicable io chariiable companies subject to the stnall companies regime. The fin ¢ial siaiements were approved by the Board of Trustees and auihorised for issue on and were signed on its behalf by= erity -T tee Compan) Regisiraiion No. 58 -IhL I)I11¢s lunii p:Iri i)I"IhL%L Housin Initiatives Ltd 0¢¢5 lo (he Finsncial Staternent5 ror the Year Lnded 30 Se tember 2023 ACCOUNTING POLJCILS Basis of preparing the fiDanci21 ststemeDts The financial statement5 of the charitable company, which 15 a public benefit eniity under FRS 102, have been prepared in accordance with the Charities SOIiP {FRS I O?) 'Accounlints and Reporting by Chariiies.. St￿ement of Recommended Prdctice applicable to charities preparing iheir accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019}', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the LK and Republic of Ireland, and (he Companies Act ?006. The fjnancial statements have been prepared undei the historical cost convention. The ¢harity has taken advantsge of ihe provisions in the SORP for charities applying FRS 102 Upd&le Bulletin I not lo prepare a StateTnent of Cash Flows. Incom¢ All income is T¢cognised in the Statemeni of Financial Aciiviiies once the charity has entitlement io the finds, it is probable that the in¢ome will be received and ihe amouni can be measured reliably. Income from government grants and other grant5. whether'capilal. 8tanL% oi'revenue. gtanls. is recognised when the charity has entitlement to the ￿nds. any performance condilions attached to the iiem(sl of income have been mer, it is probable that the income will be received and the atnount can be tneasured reliably and is not deferred. Rental income is included when receivable. Investment income is recorde