ju HOMES CH ANNUAL REI>ORT AI40 FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 CHARrrY REGISTRATION No: 1128311 COMPANY REGISTRATION No: 06777157 Baldwin Scofield Lt CThartered Accounta( Ststutory AuditW5 3 Nekyhouse Busiress Centye Old Crawley Road Horshatn west Sussex RH12 4RU
JUST H014E5 CHARrrY (A COMPANY UMrrED BY GVARANTEE) COIITENTS Pages 2 to 5 RepDrt of the Directors Pages 6 to 8 1Th1epenéent Audltsrfs Report Page 9 StateryMt of Finan(ial Acbvtbes PageLO Balan Sheet Papes Ll to 20 Notes the Finanoai ststements Pages 21 to 22 Statement of Cash FkJws
JIIST HOMES C+IARITY (A COHPA14Y UMITED BY GUARANTEE) REPORT QF THE DIRECTORS FOR THÈ YEAR ENDED 31ST MARCH 2024 LEGAL AND ADMINISTRATIVE IfiFORMATION CHARITY NUMBER 1128311 COMPANY REGISTRATION NUMBER 06777157 ART OF FIIIANaAL YEAR 1st April 2023 END OF FINANCIAL YEAR 31st March 2024 TRUSTEES (ALSO DIRECTORS) Mrs Eva Pri Mrs Po Elli5 (resigned 17th Aprfl 20241 Mrs Jul&a Acott MrPS Mr Mark Farlow M5 Genevieve Middlema5t lappThnted 17th April 2024) TnJ5tees are appnted by the exlsiting tnjstees. COMPANY SECREfARY Cbrfstirw Isaa REfjISTERED ADDRESS Forest Ga Ltsndon E7 9JH GOVERNIN6 DOOJMEIIT Mernorandum and Artths of ksotiarIon. arnended by special olution in June 2010 BANKERS Barclay$ 8ank PIC unit 2 58 High Street N¢Jrth east Ham E6 2HW INDEPENDENT AUDITORS aldwln Sc¢fieSd Lt yrtered Actinnts stsrutory Auditors 3 Newhouse Business Cenl Old Crawley Road Horsham West Susse¥ RM12 4RU
)usr HOMES CHARTTY (A COMPANY LIMITED BY GUARAi¥fEE) REPORT OF THe DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2024 The trustees present their report together wrth the finarKlStaternerts of the charity for the year ended 31 March 2024. Tre finanoal staternefflts have been prepa in arcordance with ar£¥unri wlioes set out on pages li tts 13 and comply with the charity's governing document. strncturei yovemanee and MnageMent charty is governed by its Mernorandurn and Art5 of Assotiatiori. which We amended by special re501ution in June 2010. The di¢ettor5. who are also tW5tEe5 of the charity, are appointed by exi5tlng DlrectOTS. In September 2010 the trustees of Just Homes passed a re501ubon to be associ&ed forrnally with the irst Fruit Chanty. Pir5t Fruit will approve appoincment5 to the Board of Just Homes and have Certain other backup powers. The a)air of the Board of Just Homes is also a Director of First Fruit Charty. Just Homes Chèrty 15 Part of the Fir# Fruit Group of ChatieS and soclal enterprises. Obiertives and artivities The objecti¥es as stated in the Memorandwn of A%sotiatK)n a. The advancement of the Christh)n Faith in serv8 to others. in demonsiratv)n of the £hyrch s rnisson In the wodd. The relief of poverty induding the provision of housirbg. accommodatk>n and affjstance to help house people in needy Cifcumsrarw and associated fa01leS afid afflÈnttie5. advancement Df e(ILKathn induding develDpment skills for coping ¥Yith life and employment 8nd providin9 housing advic& to tEople in needy and providln9 training and aÉvice to other pmvidets of hoLwfg accomm(on. Publlc benefit The directors have hao dye regard io the Charity Cornmtsson's guide on public benefit in plannirq actIViti for the year. The charlty aims to provide a vadety of acLvrnmodityM and support provislon5 for a spectrurn of people falling under the horneless. unempk>yed andlor v4ith a history of dnJg and alcohol abuse, women wlth young children with no recove to public ftjnds and families in Iov4-incorne brackets. The charity considers provision of accommodation and support to the above dient group and activ COntnbeS to public benefit Between the variou5 projects the charity has the ability to provide accommodarK>n-based support to 64 men and up to 12 wwen and 14 children across 9 drffÈrent premse5 acress Newhatn. During rh8 year. ¥ve purchased a fijrther property In Newham and have refurbished it at HMO stsndards. The property was ready for occupancy In Ocrober 2024. The further house vlill be u5e¢ for our men's work Inc513 our capacity frorn 64 to 72 for tyle homdess rnen during the financial year 24 ta 25. This Will also tske our totsl combined capacity to 84 our men's and women's work. Our social enterpnse provides 8 to IQ voluntsry work plaMents. Staff have worked hard tts >Jpport our residents durin9 the year. All our dients have been provlded vlith one to support in a variety of areas. Much effort nas gone into supporung our Client5 to gain IndepÈndent living skills. variety of 5aaal events were organ15e(I for the residents tr.roughout the year. induding summer B8Qs. themed p¥t1, and Christmas parties at our vartous homes. Meaningful h4rnpers full of e55entials and seasorial treats were distributed to all resident5, and chiioren during the Christmas period. Warm dothing wa5 also distrlbuted to all our women clients and thÈir children. Some sidents In our men s hostels svere also supported with warm cbthln9 during ¥wnter months. Sorne residents were supported to access vadous small grants pot5. Some were given small grants From the Chty'S own fun¢ts. The charity has prDvided free rneals. toiletrÈs an¢ some personal hygtÈne producis to our rèsidents. All our residents coninue to have access to free laundry and drying facilities. Tn addition to the one-to- one support provided %Ye have networked with partner agencie5 to enable our re5ident5 to 4cctss a variety of support provlsh)ns. A¢hi•¥ments and perfomance Just Homes Charity has pmvided a comrnendable service in the last financial year. We tjave continued to revie¥Y and revise tha vlay sye provide support ané rnade the support we deliver to cater to the post covid v40rld with a focus on enabling rEsident5 to access and operate safely online. All our Preffie5 provide free Wi-Fi
JUST HOMES CHARirY (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE OIRECTORS FOR ThE YEAR E14DED 31ST MARCH 2024 Men's work.- During the CoUe of last year. we have receive¢ 4 5tsggerin9 588 refettals which is 9.1 times the nvmber of refeTrals than 64 bed spaces Yde currentty have for our en.5 Ork. This i% a dra5bt Jump frorn the previou5 year ¥vhwe we rec&ved 5 bmes the number of applications to successful admiSsns. Last yeèr, we hève supported 121 clients of whSd) we moved on 58 from our project5. Clienty have been supported to gain elertronic equipment and train to aESS a variety of essential online services. like reg15tering For online bènkin9 to managing benefits online. Of the 58 that moved Oft 45 were enab access online bènking, 53 enabled to manage a debit card, 54 enabled to have personal emails. 51 were Ènabled to have access to universal credts onllne. 46 assisted to actrss GP servkes. and 17 to access Dental service5. 33 have rnoved on With employment or etnployment relatett trainingi S Moved into privately rented accommodation and 17 returned to friends and family. Last year we hao a 98.?% accupancy rdte. Women's work: last year vle have SUppted 23 aéuts and 24 ctuhYn throv9h our wornen s Work. We have now developed a wide network of agencies to support these women in addon ro the support vie provide. 11 rnothers and their 13 children moved on frotll Duf 5ervlce5 last year. We supported all of them to rnove on from us by accessing the houng servitts and approprlate benefits. Through our Treork of local partner5 we were able to Dffer all of the 11 mothers who moved on from us, support on imrnlgration matters. In addtliori 10 accSed counselling services. i ¥Yornan was enrolled with ESOL literacy and numeracy wurse5, 8 %Yere supported to access dothin9. toys and book5 bank. 2 were supported syith parenting and mi¢Jwifery services and 3 £hildren a150 accessed free IS hour5 nursery pernents. We have cornmon laptops flir resident use at each prEtnise5. Last year We had a 96% o¢upancy rate. ¢)ther events.. In recent year5 the dernand accommodation based support has been on the increase. There has been an unexpected Increase in dernand for our men's work ill the last financi81 year. Last fitiènoal year we received 9.1 tlrnes the number of referrals as opposed to 5 times the numb¥ of referrals In the fin031 year before it. Hence there Is certain demand for our services In the borough. Since we ao an 8ccomrnodation-based pmvider of wpport haviry properties to provKJE 5Ervices frorn is critic31. In the period up to 2016 all our properties weo owned by pnvate landlords. First Fruit Charity the pant Charity Df Just omes Charity. has been invesbng In purchagn9 and securiry propertjes to ensure Just Homes has a supply of suitable and king-term prefflise5 to operate frorn. Even t9h ¥Ye have rnanag to purthase 5 properbes recent vears. rnore than 50% of our bed spaces continue to be owned Dy prnf3ts lan(tlords. We a in the troces5 of buying proe$ to ensu¢e we trave replacement properties in place as we have to release propertie5 back to landlords. This is not an easy process as prop&ty values in Newlarn are high and hence most of the oryanlsations who are willlng th buy propÈrties for charitable use find that thÈir rnodels do not work In London. Finding Sultae prernis with aporopriate planning perrrussions contynue to be another major challenge. Another challenge faced is finding a property of aSonable size to achieve economy of scales. Managing multiple premises dotted across Newharn brings ivs own atstional challen9es. however the comrnunity feel that is atheved in stnaller premises has rnany positive impacts on the re5ident5. The boèrds of the bwo charit First Fru and Just Homes are cooperatwely working on ensuring there Is a continued supply of suitable prerni5e5 for ]t Hornes Charity to operafr from. For the propertle5 a purchased by Fitst Fruit and with the intend of lust Homes Charity prDviding accornmodation-based support from these premises. We bdieve we play a cribcal part ill addressin9 ssues around hOMeTresS In the Londan EA)rou9h of Newham. Financial Review.. The Charity had free rtsenfe5 it 31st March 2024 cé £623,797 lat 31st P4arch 2023 £435,833) . The trustees of Just Hornes Chaniy are happy with the lev of reserve5 and confident ihe charity 15 6 gDirMJ COnr and able to rneet its ffn3ncial obligabms. In ¥Tre financial year 2018119, First FnJit chanty took out a tnortgage with tharity Bank and purchased the property I CumbeAand Road from th2 landlord. In the financial year 2021122, First Fruit Charity extended this mortgage with a v of acquiring 2 further properbes. The purchase HTrd refurblshment of both the properties gone accordlng to plan and tsoth propertie5 became operational on tho 1st of March 23. The charity has wrchased a fvrther propErty in the current finanoal year, whKh 15 PTe5ently unéer relurblshmenL This further property has been purchased from the Chanty's own fund5. Being an aCCommedaon-baSed piovider of 5UPPOrt. it is In the interest ef the cnarity to own lis own accornrnodatims kglityes. The larger wopties managed by the chartty a owned by private landlord5 hence Charty is focusing on ècquiring further pmperties ensure the ha5 its own supply of properti. We have also invested in improving the f6ciliDe5 of our accommodation provi510n5. the 5UPPOrt sery1c we offer and the wellbeing of our staff tsam.
JIJST INE$ CHARrrv (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 315r MARCH 2024 Flnancial Review (continued): The chanty proposes to purchase a further kwoperty in rfnanoal year 24125. We are considerlng Op5 for this purchase whlch indu¢les the pos>bility of a furthw Charity Bank mortgage. Rtsk Managerne The trustees hove revlewed the major rlsks tD whKh the charity is exposed and are sats5fied that system5 are in place to mItale those risks. The above reporr is prepared In accorthnce with the special wovisions withln Part 15 of the Companies Act 2006 rl#ti to smal cornpanS. llanagement accounts are examined at every tnjstees ffleetlng. During the year the trustses have carried aut a view of the Charity's ternal financial controls and checked that separate funds are accounted for and reported correttiy in the xcouftts. The accounts pre5entea a complete set of accounts. The Trv5tees are of the opinion that lust Homes Charity k a going concern and is in a financial position ro setue outstanding invoices, bills and cornrnitments 85 and when they fbll due. The reseryes leve15 of the charfty were also examined éurfng the course of the year and the trustees are happy with leve15 of reserwes Df the charity. ststement of i)irector's wponsibilitios: The Tru5tee5 l¥vho are also direttors of Just Homes Charity For the purposes ef company lawl are resPOll5tble for preparing the Trustees. teporr and the financial statements in accordance wlth appliob law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Ac£ountin9 Practsl. Company requ15 the Trustees to prepare financi31 statements ror each finantKal year. Under tornpany law the Trusttrs must not approve the financhil statements unl5 they are satisfied that they give a true and fair view of the stste of affairs of the th6ritable company and of the incoming reswrTr5 and appliotion of resources. including the income and expenditure. of the chaThtrble company ft)r that period. ITh preparing these financial ttatements. the Trustees are required to.. selert 5uitsble accountiTrJ polioes arKJ tn apply con5isEenUv' observe the Methods and prinopks in the Charibes SORP- make judgments and acc0bng estimates that ao reason4ble and prudent.. prepare the financial 5tarements on the going concern baS ijnless it is inappropriate to presume that the charitable company will ConnUe in otiOn. The Trustees are responsible for keepitvj adequ3te accounbng records that a suffioent ts show and explain the charrtable cornpany's tran5artions and disclose sith aale accuracy at ary time the flnancl position of the harable company artd eTrab thern to thar the finènoal statements cornply with the Cornpanies Act 2006. They are a150 responsible for safeguarding the assets of the chantable toiTrpany and hence for taking reasonable steps for the preventk+n and detection or rrautt ana ettEr Irregulari5. DISCLOSUAE OF TNFORMAnoN TO AUDITORS Each of the pÈrsons who are Trustee5 at the time when this Tn&ee5' report Is approved has confirrn&4 that.. so far as that Tmstee 15 J¥vare, there 15 no relevant audit information of whlch the charitsble company's aLtyJittrs a unawa, that Trustee has tsken all the steps that OU9ht to have bew tsken as a TrrJstee In order to be aw4re of any relevant audf( Inforniatron and to e5rabl¢sti thaL the (tsAtable compan*s auditors are aware of Ihat information. l approve the attached staterrent of finanaal aVities and balance sheet frjr the year ended 31 March 2024, and confirm that I have rnade available all inf0rn7ation necessary for its preparation. Approve¢J by order of the members of board Df Trustee5 on 19 November 2024 and signed on their behalf by.. Mr P Sell
JUST HOMES CHARrrY (A COMPANY UMITED BY GUARA14TEE) INDepeNDENT AUDiTORS' REPORT TO THE MEMBERS OF JUST HOMES CHARirY OPINION We havÈ audited the financiol ststements of Just Homes Charfty ltt)e 'charitable company'l fDr the year ended 31 March 2024 Set aut on pages 9 to 22. The finanoal reporting framework thai has been applied in their preparation is applicable LAW and United Kingdorn Accwnting Stsndard5. indudin9 Financial Reporting Standard 102 The Financiol ReportAg Standard applicable in the UK and Republic of Irdand. lUted Kingdorn Generally AtTrpted Accounting Practicel. In our opinion the financial staiemer glve a true and fair view of the state of tharitable o)mpaDVs affoits as at 31 March 2024 and of incoming resouxes artd applKation of 5TreS induding its irmme and expendlture for year then ended., have been property ppared in accordance Untted knngdom GerTallY Ac£epted Accounting Prathce.. and have beeft ppared in accordan with the requirements of the Charitses Att 2011. BASIS FOR OPIP410t4 We conducted our audit in accordance with International Stand4rOs on Auditing {UKI 115As IUKII ènd appllcable law. Our responsibilities under thjse standards are further described In the Auditors. responsikn11ti for the audit of the finanaal statements secDon of our report. We are independent of thE charitable compHny in accordance with the ethical requirernents that are levant to eur aud of the finral 5Latements in the United Kingdorn, Including the Financial Reporbng Counal's Ettical Stsndard. and we have fvlfHled our other ethical responsibilit in auordanc with these requirernents. We believe that the audr( evidentr we have oblained Is sufficient and èppropriate to provide a basis for our ooinion. CONCLUSIONS RELATING TO GOING CONCERN We havÈ nothing to report in respert of the following matters in rdatsen to which tre ISAS IUKI require us to report to you whÈre'. the Trustees. Le of the going conctrn basis of accounting in the preparation of the finaal ststements ts not appropriate.. or the Trustees have not disclosed in the fin6noal sroternents wy identified material uncertainties that may cast signfficant doubt about thE charitrdble cornpany's abilty to continue to adopt the going concern basis of attountlng for a period of at kast tvehfe months from the date when the financlal statements are authoitsed fDr issue.
JUST HOME5 CHARITY (A COMPANY U14ZTED BY GUARANTEE) INOEPE14DENT AiIDfToRS' RÈPQRT TO rme MEMBERS OF JUST MOME5 CHARITY OTNeR INFORMATION The Trustees are respon9b for the orher inforrnatKJn. The Dther infomiatson comprises the Infom& induded in the Anwal report. other thaft the financial staternents and our Auditorfs rtport treretrn. Our opinion Dn the financial statements does not cover the other Infom)ation and Y4e da not express any form of a5surantr cowluyon therÈon. In connethon svith our audit of the fiThancial statements, our responsibility 15 to read the other information and. in doing 50, COnser vjhether the other information Is Materially inconsistent with the flnanclal statements or our krnwledge obtaineé the audi( or othetwise appea to be rnarialty misststed. If we identify such matedal inconsistrencies or apparent material fflis5tatements. we are required io determine whether there 15 a rnatedal rni5Statement in the financial ststement5 or a rnaterial rnisstatement of the other information. If, based on the work ¥ve have perft>Frned. we conclude that there i% a materijl misstatement of this other information, we are required to r@port that fatL We have rKJthiThJ to report in thls rega. MAThERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEMON WÈ have nothing to Trport in respett of fellowSng matters •here rhe ChariDe5 (kcouThts and Aeportsl Regulatlons 2008 requires us to report tv you if. in our opinlon.. the inf0miatil given in the Trust¥' report is inconsistsnt in any material respect with the financl Statements. or suffioent accounti records have rKtrt been kept; or the financial statements a not in 6greement with the accourting rewrds and reiurn5,' or we have not retrived all the infortn and explanations we requi ft)r our audt RE5PONSI8iUTIES OF TRiisfEES As explained Mts ftlY in the Trustees. responsibilibe5 sratement. the TnJstees (who are also the directors of the charitable company for the purpDses of company lawl are respondbie for the preparatTr of the finaricial ststements and for beSng saf15fied that they give a tyue and fair view. and for suth internal contrul as the Trustee5 determine is necessary to enaNe the preparatKn of finailC4al statements that a free frorn material mis5tstement, whether due to fraud or error. In prepan9 the ftnantial statements. the Trustees are re5ponsiblÈ for assE55ing the charitable company's abinty to condnue as a golng corttem, disdosing, ag applicable. matters rÉlabn9 to 90iftg ¢onTrrn and usin9 the going concern basis of arountyng unl5 the TrustrES either lThtend to Siquidare the charitable c¢)mpany or to ase operation5. or have no altIC altemadve but to do so. AUDITORS. RE5PONSIBILillES FOR THE AUDTh OF ThE FINANCIAL STATÈMENTS We have been appointed ès auditor under section 151 of the Charrtses ALt Zoii and port in acCordare with the Att ano relevant wulatsons made or hoviThJ effett thereunder. Our objectives are te obtain re85onable assurance about whether tIE finantsal staiements as a vlhok are free from material rnisstatement. whether due to Fraud o< error. and to issue an Auditots. report that Includes our opinion. Reasonable asSUce is a high of assurènce, but 15 tK)t a guarantee that an audit conducted In accordance with 15A5 IUKI Wlill alviays detect a Fnaterial mi55ts1etnent when Ir exlsts. Mi55ratements can arise fraud or error and are considere(l rnatersal if. individualty or in the aggwatÈ. they coubj reasonably be expected to influence the economic dlsions of users tskw on the basis of these finantial 5tateryts.
JUST Homes CHARITY (A COMPANY LIMITED BY GVARAIITEE) INDEPEf4DENT AUDfTOR5' REPORT TO THE MEM8ERS OF JUST HOIIES CHARITY IrregUlare5. induding frau(t, are Instsnc£5 of non-complkince syith laws and regulations. We [gn pmodures In line with our rfponsibilitiès, ouilined above, to detect material rn1ssteMents in SPect of irregulant1. including fraud. The exrt to whKh our prDdureS are capable of detectin9 Irregularities. including fraud Is detailed below.. We obtsined an understanding of the legal and re9ulatory framework5 that a applicable to the charitsble company and determined that the most signifirIt are those that relate to the repDrting framewlork In conforynity with the requirements of the Companies Att 2006, Charities Att 2011 and the relevant direci and Indirert tax CDmpllants regutstions in thÈ unl Kifi9dorn. We uftderstood how Just Homes Charity is complying %YIth those frameworks by making enquirtes of managernent to unfjer5tsnd how Ihe charitable cijmpany maintains and cornrnunicate5 Its policies and procedu5 In these areas and torroborated this by re¥iewiry supporting doojmentation and minutes of rDeetlngs of trSe charyed wlth governance. We asses the SpIlbE1Ity of the dnIale company's financlal staternents to materi mitement. Including frId might occur by con&dering the nsk of manègwnent overridE to be a fraud risk. In ÈdditioTr, we considered the risk of man&Jement override by sarnpling from the entire popularion of jDurnals. identifying speofic transacbons which did not rneet our expectations based on specific critena and investigated these to gain an undetstanding and then agree bad¢ to sour¢e documentatien. Based on rhts UerSndlTrg we designed our audit procedures to identify noncompliancÈ with Sutr laws and regulations. Our proceduos invtAved verifyin9 that rnaterial transathons were recorded in compliance with Financial Rep)itn9 Standards in conformity with the rJuirernents of the Companies Att 2006 and Charitles Art 20LI. A further description of our reSpOnb1[tieS lor the audit of the ffnantial Staternts k IocHted on the Finanoal Reporbno Courril's website at w¥Yw.frC.ory.uklauditorsre5POngbires. This description forrns part of our Auditors, port. USE OF OUR REPORT This report 15 made solely to the charitable company's trLStees. as a boty. In accordance wlth Part 4 of the Charities IAccounts and Reports) RegulanS 2008. Our audit vfork has been undertaken so that we might State to the charrtable company'5 trustees th05e tnatQr5 vie are rEquired to state to thern in an Auditor5, report and for no other pury)ose. To rhe fuiie5t eXtt permitted by law, we do not accepr or assume ponsIbIlity to anyone other than the charrtable company and its trustees, as a body, for our audit work. for thi% report. or for the opinions we have formed. Baldwin Scotleld Ltd Chartered Accountants Statutory AdOrS 3 Newhouse BUSISS Centre Old Crawley Roa Horsham West Stjssex RH12 4RU 19 November 2024 Baldwin Scofield Ltd are eligible to act as auditors in tern of secbon 1212 of Compani2$ Att 2006.
JUST HOMES CHARITY (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31ST MARCH 2024 un$[rted Restricted Funds TOTAL 2024123 TOTAL 2023122 NotE5 INCOME AND E1400W14E14TS FROM: Donatyons and Leoaoes 77.954 77.954 51,940 Investments 5.SDS 5.505 905 Charitable Activltles Zc 1.417.826 1,417,826 1.185,425 TOTAL TNCOMe 1 501 285 1 238 270 eXPENDrruRE 014: Charitsble Attiwties 1.281.792 1.281.792 1.067,549 Raising Funds 1.675 1,675 1.220 TOTAL EXPENDrruRE .467 1 283 467 068 769 NET INCOMEI{EXPÈNDTfuRE) 217.818 2L7,818 169,501 TransFer5 betwttn funds Gainsll10s5e51 on revaluation of fixett assets Gainsll10s5esl on Investrnent assets 14et movement in funds 217.818 217,818 169,501 RecottclliatKh of fvnds: TD¢al Funds Brwght Forward 673.954 673,954 504,453 TOTAL FUNDS CARRIED FORWARO 891 772 673 954 Movements on all reserves and all recognised 9ains and losses a shown above. of the ¢ryanisaUon's operations are classed as contlnu+ng. The notes on pages 11 to 22 forni part of these financi *aternents.
JUST HOMES CFIARrrY (A COMPANY UMITED BY GUAIIANTeE) COMPANY 8ALANCE SHE AS AT 31ST MARCH 2024 fitsmbEr'. 05777L57 Unrthtted RestrtiEd FuJ5 Fun 31-Mar-24 3l-Mar-23 Total Totsl Fixed Asxts Tangible as%ts 267,975 267,975 238.121 Current Assets Debtors Cash at bank in hand Total Current ssets 33.408 612 793 33,408 6L2,793 24,542 451 179 Credltors: amounts falli thje within orE year 22.404 22.404 39.888 IIET CURRENT ASSErs 623.797 623,797 435.833 Credltors: amounts tdlling due Irb rn than one year TOTAL ASSETS less current lYabilitie5 891,772 891,772 673,954 NET ASSEFS 77 L,77 PTrS of the Charity General Funds 891.772 891,772 673,954 Re5trfcLed Funds Total Ftsnds 891,772 891,772 673 954 The company's financial statements have been prepaTed lfi Kcordance with the provisions appllcabÈ ro companies subject tu the small cornpanies regime. The Trustees conslcser that the cornpany Is entided to exernpt)oTh trom tne reouirernent to have an audit under the provisnS of sethon 477 of the Cornpans Act 2006 I'rhe Acfl anL% membets have nt>t requi the company to obtaifft an audit for the year in question in accordance with sectyon 476 of the ACL Ho¥Yever, on auéit 15 required in accordants with secion 151 of the Charltie5 Act 2011. The Trustees ackno¥Yledge their responsibile5 for cornplyino with uIrements of the Att wilh respect to aecoundro records and the preparation of finènaal stakrnents. The financial ststements vjere approved and authorised for by the Trustees M 19 November 2024 and Signed on their beha bv: Mr P Sell The rntes on pages 11 to 22 lom pan of these finandal statwnents. io
JUST HOMES CHARrrY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 L Accounting Poli¢i¢s The prinupal accountyng polioe5 adopted. Judgements and key oi estimati UnrtaInty in the preparatlon of the financial ststernents are as follows.. The financhil Siatements have been prepaFed in aCcOrdae vth AccounbTrJ aThJ Reporbng by tharitre5'. Stoternent of REcommendÈd Prartice èpplic8Die to charities preparing thsr accounts in accOrL1an with the Financial Reporting stsndard applicable in the UK and RepublK of Iland IFRS 1021 leffectsve l tsnuary 2019) - ICharrtie5 SORP IFR5 10211, the financial Reportlng Standard applicable in rhe UK and Republr of Iryland IFRS 1021 and the Companies Act 2006. Jusi Homes Charty meets the definlOn of a public benefit entity under FRS 102. set5 and liabilityes are InallY recogni5ed at htOriCal cost or transaction value ue$S otherwise ststed in the levant accounting policy. 1.1) Material prior period errors and ¢hang¢s to pwlou$ a¢¢wmts rio material prior period errors have been idenknfied In this accounting period and the have been no changes to pvU$ OlIrts. 1.21 Preparation of accounts on 4 going ¢onrn basis PrÈparètion of the a¢munts is on a going concem basis. The Ttijstees a of the view thèt the level of reserves will support the tharity going forward. 1.31 Income Income is 1ncluded in the Staternent Df Financk31 ALtivitR5 ISOFAI when= . the becorne5 eritiued to thÈ intome., t is more likely than not that the trustees wi11 receive the resource5.' and . the rrrf)rhetary value be measured with 5ufficiEnt reliability. 1.4) Interest reeelvable Interest on fvnds hel(J on depogt 15 included when reIpt Is probable and the amount can be rneasured reliably by the charlty; thls Is normally upon notificatK)Tr of the IntEfe5E paKJ or payable by the 8ank. I} Grants and Donatbons Grants and donations are only irKluded in the SOFA when the general incorne recognition criteria ère met 15.10 to 5.12 FRS 102 SORPI. 1.6) Income Tax Reeovetable Gift Aid receivable is Included in income when the is a dedaration frorn the donor. Any Gift Aid arnount recuverea on a is coftsidered to be part of that 9ift and 15 treated a5 an a(klifion to the same fund as the iritial donation unless the donor or the tertn5 of the appeal hav& specified othemise. Incorne rax recoverable In relation to donations received under Gift Aid ur of ctyvenant is recognised at "he time of the donation. Income tax recoverable in rebtion to invesiment IrKome is recogni ai the time the investment income is weivablè. 1.71 Le9ad•$ For legacies, enternent Is raken as the eartler of the date on which either.. the iompany is awaT* that probate has been granted. the estate has been finalised and notification ha5 been rnade by the executorlsl to the Trust that dlstrlbutSon will be made, or ¥Yhw a di5tribuuon 15 receNeJ frpjm the esttte. Receipt of a leg2KYi in whole or in part, IS only cons16ered probable when the amount can be Measu reliably and the cornpany has been notifteo of the executo$ kntention to rroke a distribution. Where Iwaae5 have been rbotthed io the company, or the CDmparty is are of tbe grantlng of probate, and the criteria fw Incoffte reCogtiOn have not been mEt, then the legaty 15 trEared as a contingent asset and disdosed if ITterial.
JUST HOMES CHARrrY (A COMPANY UMITEO BY GUARANTÈE) NOTES TO ThE FINANCL4L STATEMENTS FOR ThE YEAR EIIDED 31ST MARCH 2024 1.8) Dortatsd seryices and facllities Donated services or facilikne5 are recognised when the cM)wy ha5 control ovw the item. any conditions associated with the donated item have been met, the recwpr OF eC0mI¢ benefft frorn the use of the cornp3ny of the Item Is probable and that economic nerrt be tneasured rdiably. Ln attordance with the ChatieS 50RP IFRS1021. the general VDlunteer time of the Friends 15 not recognised and refer to the Trustees ort for more inforrnauon about their contribution. On receipt donated professional servltrs ano donated facilities are reco9nised on the basis of the value of the gift to the company which Is the amount the company would have been willing to pay to obtain services or facilitres of Équivalent economic benefit on the open markeL a correspondir¥J Jmount s recogniseé in expenditure In the period of receipt. 1.9) Gtsvernrnent Grnnts The charity has not re1vert any 9overnmert grants in the reporting period. 1.10) Fund accounting General funds are unrestrirted funds which are available for Lse at the dlsctetion of the Trustees In furthetance of the general objecbves of the company and which have not been designated for other purwses. Restracte¢ funds a fvnds which are to be used In accordance wth spellfic rwriclions imposed by donors or w+h¥Y) have been raised by the company for particular purposes. The costs of rsing and a¢Jministering such funds are charged a9ainst the specific fund. The alm and use of each $cted fund is Set out in the notes to the finanual staternents. Investr)ent income, gains and losses are alk) to the appropriats fund. 1.11) ExpeTrditure ExpÈndkture 15 recognised once there &5 a legal or cfwtstvYe oblig4tn to transfer ectrnDmic benefi¥ to a thlrd party. it Is probab that a ttansfer of economlc benefits will be required IN settternent and the atnount of the obligation can be measured reliably. Expenditure is c1fied by actlvlty. The ctysrs of each acivity a made up of the total of direct costs an¢ shared costs. induding 5upporr costs Involved in urKlertaking each activty. Dtrert CDSt5 attributable to single artivity are allocafrd dirertly ti> that artivty. Shad costs which contribute to more than one activity and support Costs whith are not attributable to a aLti¥Kty are apportioned between those athvTties on a ba4$ consistenr with the use of resources. Central staff costs are allocaie£l on the bas of tiFne spent. )nd depreciation charges allocated on the portp)n of the asseY5 Use. Support costs ¥e those costs Incur direttiy in support of expendf(ure on the objertg of the company and include projett mariagement carried eut at centrally. Governance costs ar& rhose inojrred In connethn with admini#ration the company and tofflpliance with constitutional and scaturory requlremenrs. Chartsble athvities and Governance costs are costs Incurred on the company's educabonal operntions. Induding support Costs and costs relatino to the governance of the company apporboned to charitable acti¥itiÈ5. Grants payable are charged In the year bvhen rhe offw is rnade except in those cases where the offer is condirional. suth grant5 being recognised a5 expendityre when the ronditions attèchin9 are fuWilled. Grants offered subjert to ditiOnS ¥Yhich have Tr)t been met at the year end are noted a5 a commitrnenl bLlt not actruea a5 expen¢ltUTe. 1.121 Offsetting There hag been no offsetting of assets afyj Iiabilits. or Intome and experses. unkss required or permitted by the FRS 102 50RP or FRS IQ2. 1.13) Tangible Fixed Assets The value of a$5ets donated to the Charitab cvmpany Is r)t re£l*j in the finantial ststements unless the value is specifically thi5ed. Rxed Assets are captsiised rf they un be US for mere than ofie year. ond cost at least £500. They are valued at COsL O¢preCiat14 Expense Depreciation Is calculated al a rate D) writs off the lost less estimated dtsal value of trngble fixed assets over its expected lifÈ. The rltes used a. tor Vehides Leasehold lrnprovements xtures and Fithngs Computer Softwa Computer Equipment 2S% 25% 25% 25 33J3% straight line straight line straight line straight line strdight line 12
JUST HOMES CHARTrY {A COMPANY UMITED BY GUARANTEE) 140TES TO ThE FINANCIAL STATEMENTS FOR ThE YEAA ENDED 31sr MARCH 2024 1.14) Investrnefftts Flxed asset in¥¥tments are a foTrn of financwl instturnent and are intbally recogn15ed at thelr transaction c05t an subsequently measu at falr value at the Balance sheÈt date. unless fair value cannot be rneasUd reliably in which case It is measured at cost less impairrnent. Invtstment gains ar losses, whether realised or unrealised, a combined and shown in heading 'Gains/ll¢)ssesl on inve5trnents' in the Statement of Firk)nc&al Attivibes. 1.15) lrtterest Reeeivable Interest on funds held on depustt 15 Induded when receNable and the arnount can be rneasured lIablY by the company thls Is norrnally upon n(krficatKn of the irrterest pakl Dr payab by thÈ Bank. 1.161 Operatln9 leases Rentsi charges payable under operatlrg leases are c4Hr9ed on a stTright line ba9s over M)e ter of the lease. 1.17) Taxation The tharfty exempt from tax on its charitable actiVe$. 1.18) Le9al status of the tharTty The chanty is a cornpany limited by guarèThteÈ and has •0 share capitsl. In the ewent of the charfty being wound up. the liabilty in respett of the guarantee limited to £1 per member of the charity- 1.191 Redtsndancy payrnents The charity nor pay redundancy payments during this finanoal pertd. 1.201 Pensions The cornpany operates a defined contributiijn pension scheme and wsion char9e presents the amounts payable by the company to the fund in res of the year. 1.21) Debtors Debtots (including trade debtors and knans ryeivablel are measu on Inal recognition at gethement amount after any trade discounts or amount advanced by the thaty. Subsequently. they are rnea5ured at the cash or other consideration exptttsd to be recV. 1.221 Creditors The charity has creditor% whlth are measured at settlewrTrEnt afflounts less any trade discounts. 1.23) Cash at bonk and hand Cash ai bank and In hand indudes cash short terrn highly liquid investments witn 4 50rt rnaturTty of three months or less from the date of aCqU10n or openiThJ of the deposlr or s1wnir xcount. 1.241 Liabilitlts and Provislon$ 4bilibe$ aTe recognised when there Is an at thE B•tance shtet dale •5 a weyJr( of o event, Prble that a tr•n5feT of economit benefft be required n 5ettterneni. and the amwnt of rhe 5ettyement taTr be esllmated reivably. retUgryi5ed at the that the company onkntiwtes rf( will pay to settlo the deist or the atnount * ha5 receiv¢¢ as advènc& payrrbents for the goods or sthices rt rnlJSt provide. gvisorys are mared at thE best estsma of the amounts WWred to settje the obb2ation. Where the eff¢rt Of the tirne valuo of mofity 15 merlal. rho prov0 15 un thE prExfit of th05e arthnts. dL%coufieé at thÈ prtrrax discourt Te that refiects the risks 5pecif..c to the fwtybty. The unwindiTrJ of thÉ atstount Trs W11ft thrEst pav4¢ aTrJ rnllar charges. 1.251 Financial Instruments The cornpany only has financiol assets and finanaal liabiliDes of a kind thèt Qualify as basic financial Instruments. Basic financial in5Erutnents a Inibaity recognised at transathon value and Subsequently measured at their settlement value with the Èxception of bank loans whth are subsequenuy measured at 4fflortised cosr uslng rhe effective Intertst method. 13
JUST HOMES CHARITY (A COMPANY UMIYEO tsy GUARANTEE) P40TE5 TO THE FINANCIAL STATE14ENTS FOR ThE YEAR ENDED 31ST MARCH 2024 2. INCOME AND ENDOWMENTS FROM: Urtrestricted Restrirted Fund5 Funds TOTAL 2024123 TOTAL 2023122 al Donatitins and Leyacies DonatiDns (Just Giving) Donatyon5 (Other) Grants IFirst Fruit Charity) 1,295 645 50,000 2,896 75.000 2.696 75.000 b} Investments Bank Inter*t 5.505 5.505 905 c) Charltable Actlvittes Men'5 Work Incorne for Residents Women's Work Bad Debrs Recovered J.227.870 1.227.870 1.010.403 550 174,472 180,956 9,0(lQ 18U,956 9,000
JLIST HOMES CHARITY (A COMPANY LIMITED BY GUARAIITEE} NOTES TO ThE FINANCIAL STATEMEi¥rs FOR THE YEAR ENDED 31ST MARCH 2024 3. EXPÉNDITURE ON: TOTAL 2024123 TOTAL 2023122 Funds Funds al Charltable Artivities Project runni costs.. ProJe£t Staff and Volunteers Fwd and Related Contracts Fumishing5 and Fumiture Srnall household equiprnent HoLEehold Travel for prgJect Training Grant Grant for Residents Recruitment Costs Building Running Costs.. Building Insurance Rent Fire and Security ouncil Tax Reueauon cences and Permts Repairs ano Professional Fees utlities Telephone Donation to First Fwit for property purchase Prcjett Managernent Costs: Van Costs Dues and Sutscriptions Management Charye Priniingi Postage, Sank Charg&s aThJ ReprodtiC Small Tools and Equiprnent Computer Consumables and Ststionery staff salaries - Mens Work Staff salèries - Wornens Work Other staff related costs - perlon Other staff related costs- trainin9 Other stafF related costs - travel èrtd tdwhone Depreciatlon Governan Costs: AcctyJntary Fe Audit Fee5 IT Consultants Costs Leaal and Professional Fees proviOn for Bad Debts 16,684 36,341 8,178 8.148 10.092 2,843 1.37rJ 16.684 36.341 8,178 8.148 10,092 2,843 1.370 18,027 27.080 17,326 19,087 11,647 5,296 2.903 550 7.200 4.813 278.543 7.193 12,442 1.440 4.813 278,543 7,193 12,442 1,440 18,135 230.939 11.413 10,726 1,384 9,019 70,931 49,443 17,767 61.191 59.926 15,879 ioo.ooo 61,191 59.926 15,879 loo,000 10.506 1,484 95.000 1,266 1.024 22.682 302.484 60,360 7,577 1.167 15.150 79,146 10.506 1,484 95,000 1.266 l.D24 22.682 302.484 60,360 7.577 1,167 15,L50 7S,146 8,562 2,727 90,000 869 356 8.146 267.972 54.645 5,625 2,446 7.550 45,365 1.710 18001 5.056 39.525 13.372 1,710 18001 5,056 39.525 13.372 1.530 3.3DO 3,024 19,794 6.665 10,IOD 3.a) CHARrtABLE expENDtruRe BY ArmqTY Mers Wurk General Cosrs TOTAL work Project Runnlng Costs Buildiry Running Costs Project Management Costs Governance Costs 69.525 3S9.124 326.732 2.059 7.193 67,201 60.653 6,939 II5.102 210,461 56.804 83.656 541,427 597.846 58.863 757.43 389.306 The charity hlentifies support and govern3r functions aryd the costs which rdate Ehem. In Train, these compnse administration, and finance hJnttion5. These costs ate apwrtioned beeen the chartr3ble actsvities Carried OLrt by the charity. Is
JUST HOMES CHARITY (A CI)MPAIIY ED BY GUARANTEE) NOTES TO THE FINA14CIAL STATEMENTS FOR THE YEAR Ef4DE0 31ST MARCH 2024 3. EXpENDuRE ON: Unrestncted Restritted Funds Funds TOTAL 2024123 TOTAL 2023122 Notes bl Ri5ing Funds Web&ts and bIrtY 1.67S 1.675 1,220 4. NET INCOME/iexpENDITIJRE) 15 Stated after charging.. TOTAL 2024123 TOTAL 2023122 Audltors, remuneration oudit Depreciation- Tangible Fixed Assets 18001 79,146 78,346 3,300 45,365 48.66 5. TANGIBLE FIXED ASSErs Leasehold Pxtures CompLrter Computer EqulprneDt Totèi EQUIPMENT Cost Additions Cost at 01-Apr-23 11.774 518.451 109.000 627 451 21.086 6.(YJO 3,632 560.943 109 000 669 943 31-Mar-24 6.000 3,632 Depreclation Charge Depreciation at 01-Apr-23 11,774 280,330 21,086 6,000 3.632 322.822 79.146 401 968 31-Mar-24 11.774 359,476 Net 8wk value r4et Book Value 31-Mar-24 31-Mar-23 267 975 238.121 267 975 238.121 The annual commiimernts uNler non-c4ncelliTrJ operdtiryj aSe5 and (apiral Commients are as follows.. 2024123 2023122 Rolling kase Lease5 expiriny within one to fve year Leasts dxplnng in over S year5 306.360 43,255 234.360 per annum per annum 42.827 per annum 349615 277.187 Rentals applicable to operating lease5 are charged to the SOFA over the peritsj in Yihich the cost is incurred. A55ets gurchased under finance knses are capitalised as fixed 455ets. Oblwtions under such agieernts are included in creditors. The difference between the tapitslisett cost and the total obligation under the lease reprentS the finance cknèrges. TInan charyes are wrtten off to the SOFA over the period of the lease so a5 to produce a constsnt periodic rate of ehangÈ. 16
ju HOMES CHARrrY (A COMPANY LIMITED BY GIIARANTEEI NOTES TO niE FINANCIAL ATEMENTs FOR THE YEAR ENDED 31 MARCH 2024 6. DE8TORS AND PREPAYMeNT5 Unrestricw Restsirted FLÈnds Funts Total Total 3144ar-24 31-Mar-23 Housing Benefit hel¢J on accwnt Trade Debtor5 Prepayments 1.458 23.307 8.643 1,458 23,3D7 8.643 2,548 21,994 33,408 7. CREDITORS AND ACCRIIALS: AMOUNTS FALLING I>IJE VIIThIN ONE YEAR UnrestrirtgJ Restricted Fund5 Funds Total Total 31-Ma24 31-Mar-23 Ac£ruals and Deferred Income Other Creditors Credit Card Intercompany First Fruit 7,316 6,707 3.381 s,000 7.316 6.707 3.381 s.000 22,212 11,gDO 5,776 STAFF COSTS. MUMBERS AND THE COST OF KEY MANAGEMENT PERSONNEL 31-Mar-24 31-Mar-23 Gros5 Wages and Salaries Ernpluyer's National Insurance C05rs Employer's Allowance Ex-grati8 and Redundary Payments Employerfs Pension Contnbutyons 334.B82 29.010 15.0001 3.952 306,642 28.025 15.000) 500 370421 335 792 Average number of employ* who were engaged in tath of the fdlowiNJ tictivtties.. 31-Mar-24 TOTAL 13.25 31-Mar-23 roTAL 11.5 Acbvities in furtherartr of tyga•tsation'5 0bJe(ts No ernployees re£eived ern01umts in excess of £60.000. Staff ale Pald throu9h the PAYE System. 17
JUST HOMES CMARrrY {A C014PANY LIMITED BY 6UARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31ST MARCH 2024 8. STAFF c5. NUMBERS AND THE COST OF KEY MAP4AGEMENT PERSONNEL (contSnued) The char(ty operates a defined tontribuboTr pension scherne. Conrdbuuos are charyed tts the St4tement of Financièl Artivities as they becorne payable In 3ccordance with tho rules of the sthÈme. The d)arW under no fijrther obligotion to make any extra payrnents irrespective of how that pension fund perforrns. Employer pension contributions totalling E7.577 weJe pai(S oft behalf OF twdve employees 12023122.. £5,750 - eight employÈe51. The Key Managernent Personnel tornprises the Board cf Trnstees and the CEO. The total employee benefits paKf to kEY ffjanagemt PSonnel Ilnduding employer natithial irtsurdn ar#1 employer pension contributions) was £0. g. DIRecroRS AND OTHER RELATED PARTIES No remurwdtion was pa to directors in re¥)ett of such offiTr. Durfng the year. rK) payments were pd to éirettors12023122.. None). Durlng the year, no remUration wa5 paid to lale partie5 12023122_' None). No payrnents were made to directors or any persons connected Y4((h thern duriThJ this financial period. No matsrial tran5acbon took pla betwew the 0rgall1satn and 3 tnjstee or any person Connec with them. The company has taken advantage of the exemptions ID FIntIal RÈportyng Starvjard 8 not to disclose any transactions betb¥eÈn itself and any Dther group Mbets. Consolidated xcounts may be obtained From Rrst Fruit at 34 Norwich Road. London E7 9)H. In this fin•ncial year. a lrnited company Df v4hK* a teeidIrett0r of Nrst Fruit IM Clementsl Is a director (Authentic HR knmitedl, receivea payments totalling £10,506 frorn Just Homes Charity la subsidiary charity of First Fruitl under a contraLt fvr services for HR services rendered. These payments are permilled under thÈ Mernorandum and Article5 of Association af Jusi Homes Charity12023122.. £12.9901. tn ttll5 finandal year, a lirnited cotnpany of a trusteeidirertor of First Fruit IA Firrnanl is a direttgr (Qrter Lemon Camemns LLP). received payments totalling £4.389 IfrDrn the date of his appointment as a Trustee on 22 November 20231 from Mst Homes Charity la 5u1151¢iary charity of Fir¢ Fruitl under a contract for seryices for Legal services rÈndered. These payrnents are peFmittÈd und¥ the Memorandum and Artides of A550ciation of Just Mome5 Charity 12023122= £0,600 was paid to Carter Lemon Qrnemrs LLP but A Fiman was t a Trustee of First Fwit during the 2023122 firhanoal yearl. 10. COPThiOLLING PARTY The uldmate controlling paty 15 first Fru¢ a regte charity and company limited by guarontee.
JUST HONES CHARrrY (A COMPANY LIMITED BY GUAILANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR YHE YEAR ENDED 31 MARCH 2024 11. srATEMENT OF FUIID5 staternenl of Fun05 Current Yeèr Expenditure G(LO51 Incarne BaL3nce 31-Mar-24 01-Apr-23 Geffleral Unrestfflrted Funds 673,954 1 501 285 1,283 467 891 772 Women5 Work Imadeline House) TOTAL OF FUPIDS 673.954 1 501 2B5 L.2B3 467 891 772 StBtement of Fund5 Prior Year Expendirure Galn511th5se5) Balanc8 l-Aw-22 Incorne 8alance 31-Mar-23 Generèl Unrestrirted FuKRts 504.453 1 237 720 1 068 219 Womens Work (Maddine House) 550 550 S50 550 TOTAL OF FIJNDS 504.453 1.238.270 1 068 769 673 954 12. SUMMARY OF FUNDS Summary of funds Current Year Expenditure G*6/lL0$5esl Balance 01-Apr-23 Incc¥ne BaLAnce 31-Nar-24 General funds Restrkted fuThts 673.954 1.501.285 11.283.467} 891,772 1 501.285 1 283 467 891 772 PrioT Yeor Expendiiure G)In¥iLosses} Balance 01-Apr-22 IrKome Balance 31-M6r-23 General funds Restrthd fudS 504.453 1.237,720 (1,068,219) 550 15501 673,954 504.453 1.238.270 1 068.769 673 9S4 19
JUST HOMES CHARITY IA COMPANY UMITED BY GLWIANTEEI NOTES TO THE FINANCIAL STATEMEhTTS FOR TME YEAR ENDED 31ST MARCII 2024 13. ANALYSIS OF NET ASss BETWEEf4 FUNDS Current Year Unrestrittett Restiictsd Fu1 Fund Total 31-Mar-24 Tangibje Fixed Assets Fixed Asset Ivtments Current a55ets Creditors due within one yea Creditors due In rn0 than one year 267,975 267,975 646.201 122.4041 646,201 122,4041 891 772 891 772 Prior Year Unrsthrted Restsitt FurMI Fund Totri 31-Mar-23 Tangible Fixed Assets Ixed Asset Investrnents Current assets editors due witFin one year Creditors due in more than one year 238.121 238.121 475.721 139.888) 475,721 139,888} 673 954 673 954 14. TAXATIOII The chadty is o registered d%4rity (number 11283111 and is exernpt from raxation in accordance Part 10 of the Income Tax Act 2007- all expenditu is applied fDr charitsble purpose5 and therefvre has no Ilability tD corporauon tax. value Aoded Tax Is not recoverable by the cnarity atNJ Lq therefore induded in the relevart costs in the SOFA. 15. CQF4PANY STATUS The charity Is a company limtted by guarantee. The members of the charttable company include the trustees narned an page 2. In rhe e¥enL of the charftable company being wound up. the liabillty in respert of the guarantee is limited to EID per member of the challty- 16. PENSION COMMMIÉNTS The charty operates a defi cortributions pe10Th schetne. The assets OF the siherne are held separately trom those ?f the £otnpany in an independenuy admin15tereLI fund. The pengon cost £arge repSenr5 contributions payable by the company to the funtl and amounted to £7,577 {2023122.' £5,750)- 20
Jusr HOMES CHARTrY (A COMPANY LIMrrED BY GUARANTEE) STATEMENT OF U5HFLOWS FOR THE YEAR E14DED 31 MARCH 2024 2024123 2023122 Cash provided by/(u5ed ITh) operatin9 actl¥itie5 Cash used lrnm invest1• artivittes Interest Income (o) 5,505 905 Purtha5e of tawible fixed assets 1109,0001 1179,1601 Cash pro¥lded by1{Sed in) inv¢stin4 activities Cash flows frorn fiDaMln4 artivltles Introduction/lRepayrrentl of long term borrowing Cash used In financlng adivl¢les Intrease/ldecTea5e) In cash antl sh equivalents in the year 161 614 Cash and tssh equiv3r1ts at the start of the year 451.179 411.863 TOTAL rash and osh equNalents at th• end of the yeav Ib) 61 793 451 179 2024123 2023122 Net movement in funds Add back depreciation charge Deduct interest income shovln In Invtsting aLtivitres Decreasellincree1 In debtors inffeaselldecreasel in creditors 217.818 79,146 15,5051 169,501 45.3S5 IW5) 18,8661 117.484) 3,289 321 t $h provided byl{used in) oper19 orti¥ltles 265 109 217.571 (b) Analysis ol cash and (ash equfj¥al*iiiy 2024123 2023122 Cash at bank and in hand Ftrxed Tarm 8or.d rotal ¢ash and cash equivalents 612,793 451.179 61 793 451 179 21
Jiisr HOMES CMARrrY (A COMPANY LIMITED BY GUARANTEE) srATEMENT OF CA5HFLOWS FIJR ThE YEAR ENDED 31ST MARCH 24 {cl Analysis of changes in net debt At start Cash flows Acquiytio of year disposal of SUbdIaneS Fair value r)vements Forei9n exthange overnents At end of year fian leases Cash 451.179 161,614 612,793 451 179 161 614 612 793 22