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← Streets2homes

2024-07-31-accounts

Registration number: 06306299 Charity number: 1121228

STREETS2HOMES (A Company Limited by Guarantee)

Trustees’ Report and Unaudited Financial Statements

For The Year Ended 31 July 2024

Mansell & Co Chartered Certified Accountants 5 Ducketts Wharf South Street Bishops’ Stortford Hertfordshire CM23 3AR

STREETS2HOMES (A Company Limited by Guarantee)

Contents

Page
Reference and Administration Information 1
Chief Executive Officers Report 2-3
Trustees’ Annual Report 4-7
Independent Examiners Report 8-9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Unaudited Financial Statements 12-18

STREETS2HOMES (A Company Limited by Guarantee)

Reference and Administration Information

Trustees

Andrew Winders - Chair Madeleine Glaisher – Vice Chair (Resigned 10/06/2024) Paul Bartlett – Treasurer Lucy Holmes Emma Knewstub (Resigned 14/10/2024) Rebecca Elliot Toby Acton (Appointed 12/06/2024) Brenda Scott (Appointed 25/10/2024) Susan Reeves (Appointed 25/10/2024)

Company secretary

Brenda Scott (Appointed 25/10/2024)

Chief executive officer Kerrie Eastman

Company registration number 06306299

Charity registration number 1121228

Registered office

2a Wych Elm Harlow Essex CM20 1QP

Website

www.streets2homes.co.uk

Independent examiner

Wilton Lyndon Ltd T/A Mansell & Co. Chartered Certified Accountants 5 Ducketts Wharf South Street Bishop’s Stortford Herts CM23 3AR

Page 1

STREETS2HOMES (A Company Limited by Guarantee)

Chief Executive Officers Report for the Year Ended 31 July 2024

2023-2024 Summary

This year has again been challenging with the continued lack of affordable housing not only locally but across the whole UK, things are especially difficult for those aged in the 18-35 bracket due to the inequities of the welfare system. Sadly, we continue to see an increase in the number of people facing housing difficulties and rough sleeping. We have been looking at ways we can develop future projects to help more people.

We have held several meetings with stakeholders to identify the issues and seek solutions. Thanks to the financial support we receive from the community and corporate funders we are finally in a position to extend our services with another accommodation project within the next year.

We were honoured to be nominated and receive the Harlow Town Community / Charity Project of the year 2024 Award.

We continue to work in partnership with Harlow District Council with the Rough Sleepers Initiative Funding. Without which we could not do a lot of what we do. This, however, is due to be our last year of funding but hope to see the government continue its pledge to end homelessness by 2027.

In this financial year we have seen 337 clients of which 48% where in the 18-35 age range.

----- Start of picture text -----
Age Analysis 2023-2024
28, 7%6, 2%5, 1% unknown
72, 19%
18 - 25
52, 14%
26 - 35
|
36 - 45
46 - 55
107, 28% 109, 29% 56 - 65
Over 65
=
----- End of picture text -----

4,632 contacts were recorded with clients during this financial year at the day centre.

Our accommodation project continues to go from strength to strength. Over the year we had 25 new residents, 16 of whom successfully moved on to more secure accommodation within the period and 9 waiting to secure move on accommodation.

We have received support from so many individuals, businesses, and organisations we cannot list all of them, but we are truly grateful for all the support we receive.

Page 2

STREETS2HOMES (A Company Limited by Guarantee)

Chief Executive Officers Report for the Year Ended 31 July 2024

What was achieved during the year?

Data for 2023-2024

223 new clients

28 housed in the private rented sector – this is the second year we have seen a significant decrease on previous years

52 prevented from becoming homeless

6 reconnected to the area they have established link and offer of accommodation

25 housed in the Step2 Project

31 referred to external supported housing providers

The chart below highlights that preventative interventions are effective; it is far better to prevent homelessness in the first place.

RELIEF AND PREVENTION FIGURES 2023 - 2024

----- Start of picture text -----
PRS Prevented Reconnected Supported Accom Step 2 Bromley Cottages LA Temp Accomm
A UG 23 S E P T 23 OC T 23 NOV 23 DE C 23 JA N 24 F E B 24 MA R 24 A P R 2 4 MA Y 24 JUN 24 JUL 24
S2H GENERAL STATS 2023-2024
New clients Home visits Street visits Doorstep welfare checks No of rough sleepers
I | [ | Ail | i i i
A UG 23 S E P T 23 OC T 2 3 NOV 23 DE C 23 JA N 24 F E B 24 MA R 24 A P R 24 MA Y 24 JUNE 24 JUL 24
Unfortunately, rough sleeping numbers have continued to rise both nationally and locally. The number of street
visits in comparison to the number of rough sleepers is often relational to the complex needs of rough sleepers.
7 7
6 6
5 5 5 5 5
4 4 4 44 4 4 4 4
3 3 3 3 3 33 3
2 2 22 2 2 2 2 2 2 2 2 2 22
1 1 1 1 111 1 1 1 1 1 1 111 11
0 0 0 0 0 0 0 0 0 00 0
44 45 45
40
37 37 36 36
33 33
31
27 2524 26 28 26 25
2214 2119 20 14 13 13 1820 13 15 16 17 17 22
11 11
9 7 8 8 7 8 8 7 7
2 1 23 2 4 5 1 0 0 0 2 0 2 0
----- End of picture text -----

I would like to say a big thank you to all of our supporters, partners, volunteers, trustees and clients for being so wonderful and making this organisation such an honour to be part of.

I would also like to thank the staff, volunteers and trustees for their dedication, hard work and passion – you are amazing!

Kerrie Eastman

----- Start of picture text -----
REL
----- End of picture text -----

----- Start of picture text -----
Page 3
----- End of picture text -----

STREETS2HOMES (A Company Limited by Guarantee)

Trustees’ Annual Report for the Year Ended 31 July 2024

The Trustees, who are also directors of the charity for the purposes of the Companies Act, present their annual report together with the financial statements of the charity for the year 1 August 2023 to 31 July 2024. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company’s governing document and the provisions of the Statement of Recommended Practice (SORP), applicable in the UK and Republic of Ireland (FRS 102) (second edition – October 2019).

Since the charitable company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 is not required.

The Trustees, who are also the directors for the purpose of Company Law, and who served during the year were:

Andrew Winders - Chair Madeleine Glaisher – Vice Chair (Resigned 10/06/2024) Paul Bartlett – Treasurer Lucy Holmes Emma Knewstub (Resigned 14/10/2024) Rebecca Elliot Toby Acton (Appointed 12/06/2024)

Objectives and Activities

a. Policies and objectives

The charity’s aims are to relieve poverty by the provision of advice, information, and practical support particularly to homeless persons unable to provide their own accommodation because of their economic, social or health circumstances.

b. Mission statement

Steets2Homes provides holistic and practical support to individuals without homes and those at risk of becoming homeless. By working to remove barriers to housing and other opportunities, we provide an environment which enables those to feel safe and secure, empowering them to take control of their life and future.

This is delivered through the provision of a safe and friendly environment which enables resolutions for those facing housing difficulties or those without homes. We provide individualised services to meet both immediate and long-term needs. We believe everyone has the right to a home and opportunities to achieve their full potential free from discrimination ensuring everyone is treated with dignity and respect.

The Board of Trustees administers the charity and meets regularly. Certain individuals have particular areas of expertise and therefore responsibilities such as housing law, finance and human resources.

The employed Chief Executive Officer of Steets2Homes is appointed by the Trustees to manage the day-to-day operations of the charity and has an agreed level of delegation for operational matters including vision and direction, finance, and performance related activity. The Chief Executive Officer is responsible for ensuring that the charity delivers the services specified, the key performance indicators are met and to supervise and lead the staff and volunteers.

c. Public benefit

Streets2Homes will continue to take its responsibilities of ensuring that its charitable activities contribute a great deal to the lives of those within Harlow and the overall area of benefit. With reference to the Charites Act 2006 all our charitable activities are directed towards having a lifelong impact on the local area and these activities are undertaken to further our charitable purposes for the public benefit. The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities and setting policy for the year.

Page 4

STREETS2HOMES (A Company Limited by Guarantee)

Trustees’ Annual Report for the Year Ended 31 July 2024

d. Staff

The biggest asset of any organisation is its staff. We are very fortunate in having a professional and compassionate team led by Kerrie Eastman, our Chief Executive Officer. She is an inspiring and experienced leader with excellent inter-personal skills with a commitment to continuous improvement in all areas of our activity. As well as working closely with our local authority, through Kerrie, Streets2Homes is a major contributor to the Harlow Homeless Prevention Partnership and many other multi agency forums which comprise of representatives from both the statutory and voluntary sectors.

The Chief Executive Officer is the only member of staff designated as key management - the arrangements for setting the pay of key management are in line with a charity of this size whereby benchmarks of similar sized charities are used for comparison.

The staff team are all focussed on improving the lives of our clients and take every opportunity to promote the organisation within the various sectors of Harlow's community. A high priority is staff training to build up their skills to best support our clients. Throughout the year we have been working through the Essex Working Well accreditation process. Various members of the team have attended a number of conferences and forums to represent Streets2Homes and to exchange good practice.

We could not provide the welcoming and friendly service without our volunteer team who provide invaluable services such as hosting our clients, meeting their basic needs by providing clothing and equipment, cooking and cleaning and friendship. Training at different levels is provided to all our volunteers, some of whom are former clients who are able to gain voluntary work experience helping them move back into work.

Achievements and performance

a. Fundraising

The charity understands its duty to protect the public, including vulnerable people, from unreasonable intrusive or persistent fundraising approaches, and undue pressure to donate. The charity does not use any internal fundraisers or external fundraising agencies for either telephone or face to face campaigns. The charity received no fundraising complaints in the year.

Financial review

a. Going concern

The Trustees have assessed our finances and operations for the coming year. Cash flow forecasts and budget projections have been reviewed and the Board of Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing the financial statements.

b. Reserves policy

The trustees regularly review the financial position of the charity to ensure it has sufficient reserves to maintain services in the event of a short-term fall in income, or, in a worst-case scenario, to ensure an orderly closure of the organisation.

Given the charity’s main source of income currently is a large government grant and the related uncertainty about its continuation or replacement funding, the Trustees have been operating a reserves policy of maintaining approximately twelve months’ expenditure to allow us to continue to maintain services as we seek other funds.

The charity’s reported level of free reserves (total funds less the amount held in fixed assets and restricted funds) has increased to £429,038 (2023 £407,594). Within this figure we have designated £105,917 (2023 £78,399) as a Pathway Project contingency fund, and £62,719 (2023 £62,719) towards developing a further accommodation project.

Page 5

STREETS2HOMES (A Company Limited by Guarantee)

Trustees’ Annual Report for the Year Ended 31 July 2024

Structure, governance and management

a. Constitution

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

b. Method of appointment or election of Trustees

The Board of Trustees carries out regular reviews to identify any gaps in the knowledge and experience of our Board needs to further Streets2Homes work. Potential new trustees are required to submit an application form, and if taken forward they are then invited to attend a Board meeting, following which they attend an interview, and if both parties are happy and willing to continue, their application is submitted to the next scheduled trustees meeting for confirmation of appointment. Induction involves a tour of the premises, attending meetings with beneficiaries, staff and other key stakeholders. New trustees are provided with access to relevant policy and procedure documents that are appropriate to the role they undertake as trustees.

c. Risk management

We, in collaboration with the Chief Executive Officer, continue to assess, review and plan for all risks the organisation may face now and in the future. All new projects and activities developed and run by Streest2Home undergo a risk assessment before they begin. This process highlights awareness to the potential risks faced and will assist with the development of robust contingency plans.

The trustees have identified the risks to which the charity is exposed and have implemented procedures to manage those risks. The risks of the charity are reviewed at Trustee meetings on a regular basis.

d. Trustees

Throughout the year the Board of Trustees met every two months with the Chief Executive Officer to hear feedback on the current issues, to review progress against our three-year strategic plan and accompanying action plans which guides our work through to 2024, to review the charity’s finances and to make decisions as and when required. All in all the Trustees have had another busy year, and along with the CEO have had to learn and adapt to different ways of working to ensure the charity continues to flourish. We were joined as trustees by Toby Acton in June 2024 and very much look forward to working with him going forward.

Plans for the future

As the number of people, we are housing increases so does the need to support them to maintain their tenancies, ensure they continue to build on the skills and progress they have made and to avoid a revolving door situation. We hope to be able to develop and implement more specialised services for those who have complex needs and/or who are difficult to house. We are committed to increasing opportunities for our clients and reducing the number of rough sleepers. We are actively looking to secure another property to enable us to provide supported accommodation for those who have exhausted other housing options and are most at risk of rough sleeping.

Page 6

STREETS2HOMES (A Company Limited by Guarantee)

Trustees’ Annual Report for the Year Ended 31 July 2024

Statement of Trustees’ responsibilities

The Trustees (who are also the directors of the charity 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).

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 charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities

Approved by order of the members of the Board of Trustees on 18 February 2025 and signed on their behalf by:

PJ Bartlett

PJ Bartlett (Feb 18, 2025 16:37 GMT)

Paul Bartlett – Treasurer

Page 7

STREETS2HOMES (A Company Limited by Guarantee)

Independent Examiner’s Unqualified Report for the Year Ended 31 July 2024

Independent examiner’s report to the trustees of Streets2Home

I report to the trustees (who are also Directors for the purpose of company law) on my examination of the financial statements of Streets2Home (‘the charitable company’) for the year ended 31 July 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of charitable company you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’) and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner’s statement

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.

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

Page 8

STREETS2HOMES (A Company Limited by Guarantee)

Independent Examiner’s Unqualified Report for the Year Ended 31 July 2024

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 financial statements to be reached.

Stephen Pinder Stephen Pinder (Feb 18, 2025 16:39 GMT)

Stephen Pinder FCCA MAAT Mansell & Co Chartered Certified Accountants 5 Ducketts Wharf South Street Bishop's Stortford Hertfordshire CM23 3AR

Date: 18 February 2025

Page 9

STREETS2HOMES (A Company Limited by Guarantee)

Statement of Financial Activities (including Income & Expenditure Account)

for the Year Ended 31 July 2024

Income from:
Donations and legacies
Relief of poverty
Other trading activities
Investment income
Total income
Expenditure on:
Raising funds
Relief of poverty
Total expenditure
Net income / (expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 31.07.24
31.07.23
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
Notes
£
£
£
£
36,259
630
36,889
58,579
-
199,769
199,769
266,644
2
1,018
-
1,018
1,526
3
71,024
_
185
_
71,209
_
50,798
_
108,301
_
200,584
_
308,885
_
377,547
_
101
-
101
75
86,756
_
283,330
_
370,086
_
359,532
_
86,857
_
283,330
_
370,187
_
359,607
_
21,444
(82,746)
(61,302)
17,940
9
-
_
-
_
-
_
-
_
21,444
(82,746)
(61,302)
17,940
407,594
_
188,780
_
596,374
_
578,434
_
429,038
======
106,034
======
535,072
======
596,374
======

The above results were derived from continuing operations.

The charity has no recognised gains or losses for the year other than the results above.

Page 10

STREETS2HOMES (A Company Limited by Guarantee)

(Registration Number 06306299) Balance Sheet as at 31 July 2024

Current assets
Debtors
Cash at bank and in hand
Creditors:Amounts falling due within one year
Net current assets
Net assets
Charity funds
Unrestricted funds
Restricted funds
Total funds		 2024
2023
Notes
£
£
£
£
7
49,506
61,180
489,072
_
538,544
_
538,578
599,724
8
(3,506)
_
(3,350)
_
535,072
_
596,374
_
535,072
======
596,374
======
9
429,038
407,594
106,034
_
188,780
_
535,072
======
596,374
======

For the financial year ending 31 July 2024 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Trustees’ responsibilities:

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

Approved and authorised by the Board of Trustees on 18 February 2025 and signed on its behalf by:

PJ Bartlett

PJ Bartlett (Feb 18, 2025 16:37 GMT)

Paul Bartlett – Treasurer

Page 11

STREETS2HOMES (A Company Limited by Guarantee)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1. Accounting policies

Summary of significant accounting policies and key accounting estimates

The principle 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 charity is a public benefit entity and these financial statements have been prepared in accordance with the Charities SORP (FRS 102) – ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared using the historic cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The following policies are applied to particular categories of income:

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Investment income is included when received.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Tax

The charity is exempt from corporation tax on its charitable activities.

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

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.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Page 12

STREETS2HOMES (A Company Limited by Guarantee)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Investment income, gains and losses are allocated to the appropriate fund.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially settled at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2. Other trading activities

2.
Other trading activities
2024
2023
£
£
Fundraising events 1,018
1,526
3.
Investment income
2024
2023
£
£
Rents received 69,718
50,368
Deposit account interest 1,306
430
71,024
50,798
4.
Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2024
2023
£
£
Independent examiners fees 2,520
2,520

5. Trustees’s remuneration and benefits

There were no Trustees’ remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.

Trustees’ expenses

There were no Trustees’ expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.

Key management personnel

The charity considers its key management personnel to consist of the Trustees and Chief Executive Officer. Key personnel remuneration consisted of gross pay £49,412 (2023: £46,875), employer’s NI contribution £5,564 (2023: £5,328) and employer’s pension contribution £1,293 (2023: £1,219).

Page 13

STREETS2HOMES (A Company Limited by Guarantee)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6.
Staff costs
2024
2023
£
£
Wages and salaries 229,103
221,325
Social security costs 14,395
15,209
Otherpension costs 5,065
4,868
248,563
241,402
The average monthly number of employees during the year was as follows:

2024
2023
Full-time equivalents 11
9
No employee received emoluments in excess of £60,000.
7.
Debtors
2024
2023
Current £
£
Prepayments and accrued income 49,506
61,180
8.
Creditors
Creditors: amounts falling due within one year
2024
2023
£
£
Due within one year
Accruals and deferred income 2,520
2,520
Other creditors 986
830
3,506
3,350

Page 14

STREETS2HOMES (A Company Limited by Guarantee)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

9. Movement in funds

Net
Transfers
Balance at
movement
between
Balance at
01.08.23
in funds
funds
31.07.24
£
£
£
£
Unrestricted funds
General fund 256,476
2,831
-
259,307
Pathway project contingency fund 78,399
27,518
-
105,917
New accommodation project 62,719
-
-
62,719
Rye house power project 10,000
(10,000)
-
-
Wellbeingfund -
1,095
-
1,095
407,594
21,444
-
429,038
Restricted funds
ASDA foundation -
-
-
-
Astro lighting 4,721
(1,742)
-
2,979
Domestic abuse accommodation budget fund 650
-
-
650
Domestic abuse personal / household budget 11
-
-
11
Essex community foundation 10
(10)
-
-
Essex county council locality fund -
(936)
-
(936)
The Halcrow foundation -
-
-
-
Harlow council 17,068
(9,086)
-
7,982
Harlow accommodation budget 42,595
(6,440)
-
36,155
HSBC bank funding 6,573
(4,194)
-
2,379
Lloyds bank funding -
-
-
-
Pathways project fund 88,981
(56,742)
(8,000)
24,239
Personal budgets for pathways 27,281
(4,284)
8,000
30,997
Places 4 people impact fund -
-
-
-
Other restricted funds 662
(114)
-
548
Harlow council severe weather provision 228
(128)
-
100
SHP outreach -
300
-
300
Toilet refurbishment fund -
630
-
630
188,780
(82,746)
-
106,034
Total funds 596,374
(61,302)
-
535,072

Page 15

STREETS2HOMES (A Company Limited by Guarantee)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

9. Movement in funds – continued

Net movement in funds, included in the above are as follows:

Net
Incoming
Resources
movement
resources
expended
in funds
£

£
£
Unrestricted funds
General fund 40,078
(37,247)
2,831
Pathway project contingency fund 62,223
(34,705)
27,518
New accommodation project -
-
-
Rye house power project -
(10,000)
(10,000)
Wellbeingfund 6,000
(4,905)
1,095
108,301
(86,857)
21,444
Restricted funds
ASDA foundation -
-
-
Astro lighting -
(1,742)
(1,742)
Domestic abuse accommodation budget fund -
-
-
Domestic abuse personal / household budget -
-
-
Essex community foundation -
(10)
(10)
Essex county council locality fund -
(936)
(936)
The Halcrow foundation -
-
-
Harlow council 11,147
(20,233)
(9,086)
Harlow accommodation budget 4,360
(10,800)
(6,440)
HSBC bank funding -
(4,194)
(4,194)
Lloyds bank funding -
-
-
Pathways project fund 176,867
(233,609)
(56,742)
Personal budgets for pathways (352)
(3,932)
(4,284)
Places 4 people impact fund -
-
-
Other restricted funds -
(114)
(114)
Harlow council severe weather provision -
(128)
(128)
SHP outreach 7,932
(7,632)
300
Toilet refurbishment fund 630
-
630
200,584
(283,330)
(82,746)
Total funds 308,885
(370,187)
61,302

Page 16

STREETS2HOMES (A Company Limited by Guarantee)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

9. Movement in funds – continued

Comparatives for movement in funds

Net
Transfers
Balance at
movement
between
Balance at
01.08.22
in funds
funds
31.07.23
£
£
£
£
Unrestricted funds
General fund 239,559
16,917
-
256,476
Pathway project contingency fund 71,643
6,756
-
78,399
New accommodation project 62,719
-
-
62,719
Rye housepowerproject -
10,000
-
10,000
373,921
33,673
-
407,594
Restricted funds
ASDA foundation -
-
-
-
Astro lighting 9,030
(4,309)
-
4,721
Domestic abuse accommodation budget fund 650
-
-
650
Domestic abuse personal / household budget 11
-
-
11
Essex community foundation -
10
-
10
The Halcrow foundation -
-
-
-
Harlow council 15,289
1,779
-
17,068
Harlow accommodation budget 34,952
7,643
-
42,595
HSBC bank funding -
6,573
-
6,573
Lloyds bank funding -
-
-
-
Pathways project fund 118,258
(32,477)
3,200
88,981
Personal budgets for pathways 22,695
7,786
(3,200)
27,281
Places 4 people impact fund 3,333
(3,333)
-
-
Other restricted funds 67
595
-
662
Harlow council severe weather provision 228
-
-
228
Toilet refurbishment fund -
-
-
-
204,513
(15,733)
-
188,780
Total funds 578,434
17,940
-
596,374

Page 17

STREETS2HOMES (A Company Limited by Guarantee)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

9. Movement in funds – continued

Comparatives net movement in funds, included in the above are as follows:

Net
Incoming
Resources
movement
resources
expended
in funds
£

£
£
Unrestricted funds
General fund 49,563
(32,646)
16,917
Pathway project contingency fund 50,368
(43,612)
6,756
New accommodation project -
-
-
Rye housepowerproject 10,000
-
10,000
109,931
(76,258)
33,673
Restricted funds
ASDA foundation -
-
-
Astro lighting 320
(4,629)
(4,309)
Domestic abuse accommodation budget fund -
-
-
Domestic abuse personal / household budget -
-
-
Essex community foundation 1,435
(1,425)
10
The Halcrow foundation -
-
-
Harlow council 10,000
(8,221)
1,779
Harlow accommodation budget 24,125
(16,482)
7,643
HSBC bank funding 11,991
(5,418)
6,573
Lloyds bank funding -
-
-
Pathways project fund 208,028
(240,505)
(32,477)
Personal budgets for pathways 9,986
(2,200)
7,786
Places 4 people impact fund 1,000
(4,333)
(3,333)
Other restricted funds 731
(136)
595
Harlow council severe weather provision -
-
-
Toilet refurbishment fund -
-
-
267,616
(283,349)
(15,733)
Total funds 377,547
(359,607)
17,940

15. Related party transactions

There were no related party transactions for the year ended 31 July 2024.

Page 18

STREETS2HOMES (A Company Limited by Guarantee)

Detailed Statement of Financial Activities for the Year Ended 31 July 2024

2024
2023
£
£
Income
Donations and legacies
Donations 36,889
58,579
Donated services and facilities -
-
36,889
58,579
Other trading activities
Fundraising events 1,018
1,526
Investment income
Rents received 69,903
50,368
Deposit account interest 1,306
430
71,209
50,798
Charitable activities
Deposits repaid 4,360
4,105
Grants 195,409
262,539
199,769
266,644
Total incoming resources 308,885
377,547
Expenditure
Raising donations and legacies
Fundraising costs (101)
(75)
Charitable activities
Wages (229,103)
(221,325)
Social security (14,395)
(15,209)
Pensions (5,065)
(4,868)
Rent, rates and services (7,195)
(8,160)
Insurance (1,447)
(1,378)
Telephone (4,695)
(3,439)
Stationery and office costs (2,119)
(3,349)
Advertising (1,108)
(5,348)
Sundries (4,627)
(2,665)
Deposits and guarantees (10,800)
(16,482)
Food (3,129)
(2,055)
Maintenance, security, etc (9,975)
(6,699)
Recruitment and training (4,858)
(1,870)
Travel (466)
(1,147)
Volunteer expenses (65)
(313)
Fees and subscriptions (8,881)
(5,385)

Page 19

STREETS2HOMES (A Company Limited by Guarantee)

Detailed Statement of Financial Activities for the Year Ended 31 July 2024

2024
2023
£
£
Bank charges (24)
(78)
Equipment (211)
(1,591)
Step 2 accommodation project (55,505)
(50,208)
Pathway project expenses (965)
(2,219)
Domestic abuse project expense -
-
Covid-19 related expenses -
-
The shack expenses -
-
Workshop expenses (790)
(1,035)
Starterpacks (2,263)
(1,789)
(367,787)
(356,687)
Governance costs
Accountancy and legal fees (2,400)
(2,920)
Total resources expended (370,187)
(359,607)
Net income/(expenditure) (61,302)
17,940

Page 20

Streets2Homes - Final Accounts 31 July 2024

Final Audit Report

2025-02-18

Created: 2025-02-18 By: Darren White (DARREN@MANSELLANDCO.ORG) Status: Signed Transaction ID: CBJCHBCAABAAXAdbIZtGKZEnqUtPtLMWk79nD4e5s0E4

"Streets2Homes - Final Accounts 31 July 2024" History

2025-02-18 - 16:16:46 GMT

Document emailed to paul.bartlett@streets2homes.co.uk for signature

2025-02-18 - 16:18:48 GMT

2025-02-18 - 16:29:54 GMT

Signature Date: 2025-02-18 - 16:37:19 GMT - Time Source: server

2025-02-18 - 16:38:45 GMT

2025-02-18 - 16:39:20 GMT