ju￿ HOMES CTrIARTrY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCM 2025 CHARITY REGISTRATIofi No: 1128311 COMPAt4Y REGISTRATZON No: 06777157 Baldwin Scofield Ltd Chartered Accountants Statutory Audltors 3 Newhouse Buslness Centre Old Crawley Road Horsham West Sussex RH12 4RU JIJST HOMES CHARtrY (A COMPANY LIMITED BY GUARANTEE) CONTEp¥rs pages 2 to 5 Report of the DlreLtor5 Pages 6 to 8 Independent AudIt0￿S Report Page 9 Statement of Nnancjal Actlvltles Pagelo Balance Sheet Page5 11 to 20 Notes to the Ftnanclal Statements Pages 21 to 22 ststemeTht of Cash Flows JUST HOMES CHARITY {A COMPANY LIMITED BY GUARANTEEI REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST MARCM 202S LEGAL AND ADMINISTRATIVE INFORMATION CHARrrY NUMBER 1128311 COMPANY REGisfRATION NUMBER 06777157 START OF FINANCIAL YEAR 1st April 2024 EIID OF FINANCIAL YEAR 3Lst March 2025 TRUSTEES (ALSO DIRECTORS) Mrs Eva Prfce Mrs Pia Ellis (resigned 17th Apr(12024} Mrs Julla Acott Mr P Sell Mr Mark Fadow MISS Genevleve Mlddlemast lappolnted 17th Aprll 20241 Trustee5 are appointed by the existing trustees. OMPANY SECRETARY Chrfsuna Isaac REGISTERED ADDRESS 34 Norwlch Road Forest Gate London E7 9JH GOVERNING DOCUMENT Memorandum and Arkncles OF Association, amended by speclal resoluuon In June 2010 8ANKERS Barclays Bank Nc Unlt 2 58 High st￿et North East Ham E6 2HW INDEPENDENT AUDITORS Baldwin Scofteld Ltd Chartered Accountsnts Statutory Audltors 3 Newhouse BUS1r￿SS Centre Old Crawley Road Horsham West Sussex RH12 4RU JLIST HOMES CHARrrY (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2025 The tmstees present thelr report together with the financlal ststements of the charlty for the year ended 31 March 2025. The h"nancial statements have been prepared in accordan￿ wlth the accounting polioes set out on pages li to L3 and cornply with the charity's governlng docurnent. structurei governanc• and management The charity 55 governed by its Memorandum and Articles of Association, whlch were arnend￿ by spedal resolutlon In June 2010. The directors, who are also trustees of the charlty, are appolnted by exlstlng Dlrectors. In September 2010 the trus￿e$ of Just Homes passed a resolution to be associated formally with the First Fru￿ Charity- First Fruit will pprove appointments to the Board of Just Homes and have certaln other backup powers. The Chalr of the Board ol Just Homes 15 a150 a Director of First Fruit Charlty. Just Homes Charity 15 part of the First Fruit Group of charities and social entsrprlses. ObJertSvo$ and actlvltles The objectives as ststed in the MÈmorandum of Association are.. The advancement of the Christian Faith in servlce to others, in demonstraoon of the church's mlsslon in the world. The rellef of poverty Includlng the provlslon of housing, accommodatlon and assistsn￿ to help house people In needy circumstances and a550clated facIl￿]eS and amenitie5. The advancement of education including develDpment skllls for coping with life and employrnent and pmvlding housing advice to people In needy clrcumstances and pmviding tralnlng and advice to other providers of housing arKJ accornmodatlon. Public benefit The directors have had due regard to the Charlty Commisslon's guide on public beneflt In planning activi￿e$ for the year. The charity airns to provide J variety of accommodatlon and support provislons for a spectrum of people falling under the homeless, unemployed and/or wlth a history of drug and alcohol abuse. women with young chSldren with no recourse to public funds and families in lOw-In￿Me brackets. The charity conslders the provislon of accomrnodation and suppK>rt to the above client group and activltles contrlbuies to public benefit. Between the various projects the Charity can provlde accommodation-based support to 72 men and up to 12 women and 14 chlldren across 10 different premlses across Newham. During the last financial year up to 31st of March 24, we bought a further house in Newham and ¢ompletÈd the refurbishrnent. The house was ready for occupancy October 2024. Tris house Is now used for our men's work Increasing our p￿vIouS capacity of 64 to 72 for slngle homeless men dudng the flnaThcial year 23 to 24. Our soclal enterp￿se provldès 8 to 10 voluntary work pla￿Ments. staff have worked hard to support our residents during the year. All our dlents have been provided wlth one to one support in a Va￿ety of areas. Much effort has gone into supporting our dlents to gain independent living skills. A varlety of social events were oryanised for the residents throughout the year, includlng summer BBQ5, themed partles. and Chrlsttnas parues at our various homes. Meanlngful hamper5 were distrfbuted to all residents, and chlldren during the Christmas perlthj. Warm clothing was also dlstrlbuted to all our wornen dients and thelr chlldren. Some ￿SIdentS In our men's hostels were also supported with warm dothlng during winter months. Some residents were supported to access various small grants pots. Some were given small grants from the charity's own funds. The charity has provlded free meals, toiletrfes and some personal hygiene products to our ￿Sidents. All our residents continue to have acttss to free laundry and drying fadlltles. In addition to the one-to-one support provlded we have ne￿Orked with partner age￿Ie$ to enable our resldeThts to access a variety of support provisons. Our sociol enterprise Natural Harvest continues to support those who a￿ recovering from rnental health isS￿eS and provlde valuable work pla￿ments to our cllents. Lt a150 serves as a meetlng place for vulnerable older people who attend the health centre. A¢hl•v¢ments and porformancg Just Home5 Charity has provldel a commendable servlce Sn the last financial year. We have continued to ￿vIeW and revise the way we provide support and also rllade the support we deliver to cater to the post covld world wlth a focus on enabllng re51dents to actr55 and cperate safely onllne. All our premises provlde free WI-FI facilities. JUST HOMES CHARITY (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2025 Men's work- During the course of last year, we have received a stsggering 542 referrals whlch Is 7.5 tlme5 the nurnber of referrals than the 72 bed spaces we currently have for our men's work. Last year, we have supported 139 male clients of which we moved on 67 from our projerts. Clients have been supported to galn elettronlc equipment and tralned to access a varfety of essential onllne services, like registering for onllne banking to managlng benefits online. Of the 67 that moved on, 55 were enabled to access online banking. 64 enabled to manage a debit card, 61 enabled to have personal emails and 63 enabled ¢0 access unlversal credits online, 48 assisted to access GP services, and 23 access to Dental services. 23 have moved on with employrnent or employment related tralning, 6 moved into privately rented ac(vmmodation and 16 returned to frlends and family. Last year we had a 99.3% Dccupancy rate. Women'$ work.. Last year we have supported 29 adults ènd 30 children through our women's work. We have now developed a wlde neiwork of agenclEs to support these women In addition to the support we provide. 17 rnothers and their 17 chiléren moveé on Frorn our se￿Ice5 last year. We supported all of thern to rnove on from us by a¢￿$s(ng houslng servlces and appropriate beneflts. Through our nthork of loul partners, we were able to offer variou5 levels of support to all of them. 9 recelved support on immigratlon matters. 9 accessed counselllng 5ervlces, 4 women were enrolled with F50L literacy and numeracy courses, 17 were supported to ac￿5$ tlothlng, toys and books bank, 17 were supported wtth food banks, 9 were sUPPOrted wtth parenting and midwifery servlces. 2 chlldren a150 accessed free IS hour5 nursery placements. We have a)mmon laptops for resldent use at each premises. Last year we had a 92% occupancy rata. Social entsrprls¢: Our snack bar Natural Harvest, based in Ihe Shrewsbury Road health ￿￿tre, continues to provide valijable sekvice to the local community with Its servlces. We work wilh recoverlng tnental health cllents provldlng therapeutyc work placernent. The work placement opportunitles are also open tD residents of Just Horne5 and offer support to them to 9ain experience as a route Into employment. Over last yÉar, we have supported 5 mental hEalth patients and 3 ￿$[dents wlth work placements. Th£ café also lomis a soclal hub for vulnerable tslder clfents of the Health Centre. oth•r •vents.. Just Homes belng an accommodation-based housing provlder needs bulldlng5 to operate from. Trustee5 are wor￿ng hard to own propeite5 and e5tabli5h us as a signlflcant SUPPOrted accomrnodation oryanisation in Newham. Trustees are working towards purchasing further property whlch has a potentlal of belng developed Into a 22 bed property In the flnanclal year 2025 to 26. For clarlty the propertles wlll be purchased by Flr5t Fruit and wlth the Intentlon of Just Homes Charlty provldlng acc0rnrn0da￿on-ba5ed support from these premises. Flnanclal Revlew: The Charity had free reserves at 31st March 2025 of É931.510 lat 31st March 2024 £623,797) . The tru5tee5 of Just Homes Charity are happy wlth the level of reserve5 and Confident the cha￿ty Is a going concern and able to meet its financial obligations. In the financial year 2018 to 19, First Fruit charfty took out a mortgage with Charty Bank and bought the property I Curnberland Road from the landlord. In the financial year 2021 to 22, Flrst Fruit ChaNty extended this mortgage wlth a view of acqulrlng 2 further propertles. The purchase and refurbishment of both the propertie5 ha5 gone according to plan and both pmperties a￿ now operational as on the 1st of March 23. The charity has bought a further property 2024, wlth Its own funds and opened It In October 24. Thls tnortgage free property give5 us a level of financsal 5eEurity against fluctuatlons In the mortgage Inte￿5t rates. Bein9 an accommodation-bas8d provider of support, it is in the intÈrest of the charity to own its own accommodations facllities. The larger properties managed by the charlty are owned by private landlords and hence Charlty Is focuslng on acquiring further properties ensure the charfty has It5 own supply of properties. We have also Invested in improvlng the facllltyes of our accOmm￿at￿on provlslons, the support servlces we offer and the wellbelng of our staff team. Natural Harvest has stabili5ed. The number Df cllnlls In the surgery has redu￿￿ In re￿ years affertlng the turnover of the L)uslness. However. the café 1s stable and operatlng well. JUST HOMES CHAR {A COMPANY LIMITED BY GUARAf4TEE) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2025 Risk Mjnagement The trustees have reviewed the major risks to whlch the charSty 55 exposed and are satisfled that systems are In place to rnltlgate those rlsks. The above report Is prepared in accordance with the speclal provlslons v4Ith1n Part 15 of the Companles Att 2006 relaung to small eompanies. Management accounts are examlned at every trustees meeting. During thÈ year the trustees have carrfed cut a revlew of the Charity's internal financial eontrols ané checked that separate funds are accounted for and reported correctly in the accounts. The accounts presented are complete set of accounts. Th￿ TrustÈes are of the opinion that Just Homes Charity Is a going concern and is in è financial posillon to settle outsrandlng invoices, bllls and commltments as and when they fall due. The reserve5 leve15 of the charlty were a150 examined during the course of the year and the trustees a￿ happy wlth the levels of rÈserves trf thé charty. Statem•rt of Dir•ctor's responsibilities: The Trustees (who are also dlrectors of Just Hornes Charity for the purposes of company lawl are responsible for prepa￿ng the Trustees, report and the flnanclal statements In accordance wlth appllcable law and Unlted Kingdom Accounting Standards (United Kingdorn Genernlly Accepted Acmunting Practice). Company law requir￿ the Trustees to prepare fi'nanclal statements for each financial year. Under company law the Trustees must not approve the flnanclal statÈments unless they are satSsfied that they glve a true and falr view of the srate of affalrs of the charftable company and of the incoming resources and appllcation of resour￿$, Including the Income and expenditure. of the charitable company for that period. In preparing these flnanc481 statements, the Trustees are required to.. select suitable accounting policies and then apply them conslstentlyi observe the methods and principles in the Charities SORP; Make judgments and accounting estlrnates that a￿ reasgnable and pDJdent; prepare the flnanclal ststements on the going con￿rn basls unless It Is Inopproprfate to presume that the charitsble cornpany will continue In operatlon. The Trustees are responslble for keeping adequate accounting records that are sufficient to show and explain the charitable company's tron5attitsns and disdose with reasonable accuracy at any tlme the flnancial posidon of the Charltable company and enable them to ensure that the financial statements comply with the Companies Art 2006. They are also responsible for safeguarding the assets of the tharltable company and hence for taking reasonable steps for the p￿ventiOn and detection of fraud and other irregu13rStles. DISCLOSURE OF INFORMATION TO AiJDITORS Each of the persons who are Trustees at the time when this Trustees, report Is approved ha5 confirmed that.. 50 far B5 that Trustee is aware, there is no relevant audit infomiatlon of which the charitable company's audltors are unaware, and that Trustee ha5 taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audlt information and to establlsh that the chathtable company's auditors are aware of that inforrnatlon. I appmve the attached Statement of finandèl attivities and balance sheet for the year ended 31 March 2025, and confirrn that I have tnide available all information necessary for its preparatlon. Approved by order of the members of the board of Trustees on thelr behalf by.. and sl9ned on Mr P Sell JUST HOME5 CHARITY (A COMPANY LIM￿ED BY GUARANTEÉ) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF JUST HOMES CHARrrY OPINION We have audited the financial statements of Just Hornes Charity Ithe 'tharitèble company'l for the year ended 31 Mèrch 2025 set out on pages 9 to 22. The financial reporting framework that has beeTh applied In their preparation is appllcable law and United Kingdom Accounting Standards, including Flnancial Reportirig Standard 102 The Flnancial Reporting Stsndard appllcable sn the UK and Republlc of Ireland, Iunlted Klngdom Gener?Ily Accepted Accountln9 Prarticel. In our Dpinion the financiol Statements glve 3 true and falr view of the stste of the charltable cornpany's affairs a5 at 31 March 202S and of its incoming resources and application of resources, including its income and expendlture for the year then ended; have been prope￿¥ prepared In accordance wth Unrted Klngdom Generally Accepted ￿COuntIng Practice,. and have been prepared in accordan￿ with the requirement$ of the Charities Act 2011. BASIS FOR OPINION We conducted our audit In accordance with International Standard5 on Auditing (UK} IISAS IUKI) and applicable law. Our responsibilitie5 under those standards a￿ further described In the Auditor5, re5ponsibilitles for the audit of the financial statements section of our report. We are Independent of the charitable company in accordanee with the ethlcal requlrements that a￿ relevant to our audit of the flnancial statements In the United Klngéom. Inclvding the Flnancial Reportlng Council's Ethical Standard, and we have fulfilled our other ethical responslbilltles In accordance wlth these requlrements. We belleve that the audit eviden￿ we have obtalned Is sufflclent and appropdate to provlde a basis for our oolnlon. CONCLUSIONS RELATING TO GOING CONCERN We have nothing to report in respect of the following matters In relatlon to which the ISAS (UK) requlre us to report to you Whe￿.. the Trustees, use of the golng concern basis of accountins in the preparatlon of the financial statements Is not appropriate,. or the Trustees have not disclosed in the flnandal statements any Identlffed rHaterlal un¢ertalnties that mav east significant doubt about the charitable company's ability to continue to adopt the going con￿r￿ ba515 of aCCDunting for a period of at least twelve Months from the date when the flnancial statements are aulhorlsed for Sssue. ju￿ HOME5 CHARXTY (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT ALIDITORS. REPORT TO THE MEMBERS OF JUST HOMES CHARITY OTHER INFORMATION The Trustees are responsible for the other informatlon. The other infomlotion Comp￿SeS the Informatlon Included in the Annual report, other than the fln?nclal staternents and our Auditor's ￿port thereon. Our opinion on the finanoal st3tements does not cover the other information and we do not express any form of assurance conduslon thereon. In connectlon wlth our audit of the finarKial ststements, our responsibility is to read the other information and, in doing so, ctsnslder wherher the other Information Is MaterIal￿ Inconslstent wlth the flnancial statervents or oyr knowledge obtained in the audit or otherwise appears to be tDaterially mlsstated. If we identify such material inconsistÈncles or èppèrent material misstatements, we ao ￿QuIred to determlne whether there is a materlal misstatement In the flnanclal statements or a material misstatement of the other infcrmatlon. If. based on the work we have performed, we conclude thèt there Is a materfal mlsstaternent of thls other Informatlon, we are required to report that fact. We have nothlng to report In this ward. MATfÉRS ON WHICH WÉ ARÉ REQUIRED TO REPORT BY EXCEPTION We have nothing to report In respett of rhe followlng matters where the Chorltles (Accounts and Reports) Regulatlons 2008 requires us to report to you If, In our opinion.. the Inforrnatlon glven in the Trust£es' report Is InconsSstent In any material respect with the flnanclal Staternents,. or sufflclent accountlng records have not been kept,. or the financial statements are not In agreement with the accountlng records and return5; or we have not re￿Ived all the Informatlon and explanations we ￿qUIre for our audit RESPONSIBILITIES OF TRUSTEES As explained more fiJlly in the Trustees, responsibilities ststement. the Trustees (who a￿ also the dlrectors of the charttable company for the purposes of company lawl are responslble for the preparatlon of the finanoal statements and for belng sat15ffed that they give a true and fair vlew, and for such intemal control as the Trustees detemilne Is necessary tD enable the preparatlon of flnanclal ststements that are f￿e from materlal mlsstatement, Ylhether due to fraud or error. In ￿￿parIng the flnanclal ststements. the Trustees are responslble for asstsslng the charltsble company's ability to contlnu? as a golng concem, disclosing. as applicable, rnatters rÈlating to going concern and uslng the golng conttm basis of accounting unless the Trustees either Intend to Ilquldate the charltable company or to cease operations, or have no realistic alternative but to do so. AUDrroRS' RESPONSIBILrrIES FOR ThE AVDIT OF THE FINANCIAL STATEMENTS We have beeri appointert costs and costs ￿lating to the governance of the company appO￿oned to charitable artivities. Grants payable a￿ charyed In the year when the offer is made except in those cases where the offer is conditional, such grants being recDgrslsed as expenditure when the conditions attsching are fulfilled. Grants offered s￿bjeCt to conditions whlch have not been met at the year end are oted as a Commltment, but not accrued as experndrtu￿. 1.12) Offsettlng There h45 been no oftsetting of assets and Ilablllties, or Incorne and expEnses, unless required tsr permltted by the FRS 102 SORP or FRS 102. 1.13) Tanglble Flxed Assets The value of assets donated to the charitable cornpany 15 not reflected In the flnancial Statements unless the value is specifically advised. Flxed Assets are capitalised sf they can be used for rnore than one year, and cost at least £50Q. They are valued at cost. Deprè¢latlon Expense Depreciayon Is calculated at a rate to wrlte off the cost less estlmated residual value of tanglble fixed asset5 over Its experted Ilfe. The rates used are.. Motor Vehlcles Leasehold Improvements Fixtures and Fitting5 Complter Software Computer Equipment 25% 25% 25% 25% 33.33¥D straight line strai9ht Ilne straight Ilne strai9ht line straight Ilne 12 JUST HOMES CHARITY (A COMPANY UMETED BY GUARANTEE) NOTES TO THE FIMANCIAL STATEMENTS FOR THE YEAR ENDED 315r MARCH 2025 1.14) InTMStments Flxeo asset investments a￿ a fom) of flnanclal Instrurnent and are Inltlally wognlsed at their transacUoTr cost and subsequently measured at fair value at the BalaThce sheet date, unless falr value cannot be measured fftliably in whlch case it is measured at cost less Impaim)ent. Investment gains and 1055es, wheY)er reallsed or unreallsed, are cornbined and Shown in the headSng 'Gains/llosses1 on investments. in the Statem8nt of Financial Activiknes. 1.15) Interest Rocelvable Interest on funds held on deposlt is Included when ￿ceIVable and the afflount can be measured rellably by the company., this is ntsrmally upon notlflcatlon of the Interest paid or payable by the Bank. 1.16) Operatlng lea$¢s Rental charges payable under operating lea5e5 are charye(l on a stralght Ilne basis over the terms Df the lease. 1.17) Taxallon The cha￿ty Is exempt fmm tax on it5 charitable activities. 1.18) L•gal status of the charlty The charlty Is a cornpany limited by guarontee and ha5 no share capital. In the event of the charity belng wound up. the liability in respett of the guarnntee is limlted to £1 per rnember of the charlty. 1.19) Redundancy paym¢nt$ The tharity dld not pay redundancy payments during this financial period. 1.20) Pensions The company operates a deflned contribution pension scheme and the penslon charge rep￿sents the amounts payable by the company to the fund In respert of the year. 1.21) Debtors Debtors (including trade debtors and loans recelvablel are measured on Inltlal recognltloTr at sethement amount after any trade discounts or amount advanced by the charlty. Subsequentlyp they arÈ measured at the cash or other nslderatyon expected to be received. 1.121 Creditors The charfty has credltors which are measured at settlement afflount5 less any trade dlscounts. 1.23) Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments wlth a short rnabjrity of three rnonths or less from the date of acqulsltlon cr opening of the depos￿ or similar account. 1.24) Llabllltles and Provisions abillties are recognised when thère Is an obIlga￿On at the Balance sheet date as a result of a past event, It Is probable that B transfer of ecor￿miC benefit will be requlred In settlement, and the amount of the settlement can be estimated rellably. Uabllltles are recognlsed at the arnourt that the company antlcipates It wlll pay to seiye the debt or the amount It ha5 received as advonced payments for the goods or services it must provlde. Pmvisions are measured at the besr Éstimate of the amounts required to settle the obligation. Where the effect of the time value or money Is rnaterlal. the provislon Is based on the presènt value of those amounts, discounted at the pre-tax discount t7te that refleets the risks speclflc to the Ilablllty. The unwlndlng of the dlscount Is re￿nIsed wlthlTh interest payable and similar charge5. 1.25) Plnancial lfistruments The cornpany only has financial assets and financlal Ilabllltles of a klnd that quallfy as ba51c flnanclal Instruments. Basic flnanclal instruments are initially recognised at transactlon value and Subsequent￿1 rneasured at thelr settlement value wlth the exceptlon of bank loans which are subsequenvy MeaSu￿d at aM0t￿sed cost uslng the effectlve Interest method. 13 JUST HOMES CHAIUTY (A COMPANY LIMITED BY GLIARANTEE) NOTES TO THE FINA14CIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 2. INCOME AND ENDOWMENTS FROM: Unrestricted Restrirted Funds Funds TOTAL 2025124 TOTAL 2024123 a) Donatbons and Lega¢l•s Donatlons (Just Glvlngl Donations (Other) Grants {Fir5t Fruit Charity) 58 2,896 75,000 4,861 17S.000 4,861 175,000 b) Inv¢stm¢nts Bank Interest 9,873 9,873 5.505 e) Charitable Activities MÈn's Work Women's Work Bad Debts Recovered 1,562,696 176,464 I,S62,696 1.227,870 176,464 180,956 9,000 14 jusr HOMES CHARTrY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL ￿ATEmENTs FOR THE YEAR ENOED 31ST MARtsI 2025 3. EXPENDITURE ON: Unrestricted Restrfcted Funds Fund5 TOTAL 2025124 TOTAL 2024123 Notes a) Charltable ActlvItles Project running costs: ProjeLt Staff and Volunteers Food and Reloted Contracts Fumlshings and Furnlture Small household equipment Household Travel for project Tralnlng Grant Bullding Running Costs.. Building Insurance Rent Fire and Security Council Tax Recreation Ucences and Pemits Repairs and Professlonal Fees Utilities Telephone Donation to First Fruit for property purchase Project Management Costs.. Van Costs Dues and Subscriptions Management Charge Printing, Posrage, Bank Charyes and Reprodurtloi Small Tools and Equlpment Telephone Computer Consumables and Stati¢nery Stsff salarfes - Men's Work Staff 5alarles - Women's Work other staff related costs - penslon Other staff related costs - training other staff ￿lated costs- travel and telephone Other staff related costs- glfts and wellbeing Depreclatlon Governance Costs: Accountancy Fees Audit Fees Independent EXaMSne￿ Fees tr Consultants HR Costs Legal and Professlonal Fee5 15,807 42,512 23.020 16,901 8,730 3,158 3,175 L5,807 42,512 23,020 16.901 8.730 3,158 3,175 16,684 36.341 8.178 8,148 10,092 2,843 1,370 13,590 356,615 19,243 13,603 1,695 7,013 96,427 68,986 18.336 L3,590 356,615 19,243 13,603 1.69S 7,013 96,427 68,986 18,336 4,813 278,543 7,193 12,442 1,440 61.191 59,926 15,879 loo,000 9,425 1,191 125,000 983 907 9,425 1,191 125,000 983 907 10,506 1,484 95,000 1.266 1,024 tg,326 384,250 66.503 9,748 2,583 17,641 109 123,456 19,326 384,250 66,503 9.748 2,583 17.641 109 123,456 22,682 302,484 60.360 7,577 1,167 15,150 79,146 10,575 3,300 10,575 3,300 1,710 (8001 12,145 26,738 39,010 12,145 26,738 39,010 5,056 39,525 13.372 3.•) CHARifABLE EXPENDrtURE BY ACTxvr Men'5 Work Wornen's Work General Costs TOTAL Pmlect Running Costs Buildlng Running Costs ProjÈct Management Costs Governance Costs 88,297 455,805 406,268 7.437 113.803 69,621 17,569 25,900 285,233 91,768 113,303 595.508 761,122 91,768 950,370 420,471 1,561,701 The charity Identifies support an(f governance functlons and the costs which relate to them. In main, these cornprlse administration, IT and finance functions. These costs are apportioned between the charstable activities cèrrled out by the charoty. Jvsr HOMES CHARrrY {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 3. EXPENDITURE ON: Unrestricted Restricted Funds Funds TOTAL 2025124 TOTAL 2024123 Notes b) Roi#in9 Fund# Website and publicity 6,775 6.775 1,675 6,775 4. NÉT lNCOME/(EXPENDITURE) ThLs Is stated after charglng: TOTAL 2025124 TOTAL 2024123 Auditors. rernuneratlon - audlt Depreciatlon Tangible Fixed Assets 3.300 123,456 126,756 18001 79.146 78,346 5. TANGIBLE FIXED ASSETS Motor Leasehold ImrKovements Fixture5 and Computer Software Computer Equipmenr Vèhlcles ttings Totsi EQUIPMENT Cost Addltions Cost at 01-Apr-24 11,774 627,451 173.784 801,235 21,086 6,000 3.632 2,377 6.009 669.943 176.161 846.104 31-Mar-25 11,774 21.086 6.000 DepreCIa￿on Charge Depreclatlon at 01-Apr-24 11,774 359,476 122,664 482.140 21,086 6,000 3,632 792 4.424 401,968 123.456 525.424 31-Mar-25 11.774 21.086 6.000 Net Book Value Net Book Value 31-Mar-25 31-Mar-24 319,095 267,975 1,585 320.680 267,975 The annual commitments under non-cancellin9 operating leases and capltrl commitrnents are as follows.. 2025124 2024123 Rolllng lease Leases explrfng wlthln one to five years Leases explrfTr9 in over 5 years 398,760 43,687 306,360 per annum 43,255 per annum per annum 442 447 349 615 Rents15 appllcable to operattng leases a￿ charged to the SOFA over the perlod in whith the cost Is Incurred. Assets purchased under finance leases a￿ capltallsed as fixed asset5. Obligations under such agreements are included in credltors. The dlfference between the cap1ts115ed cost and the total obllgatlon under the lease rep￿sents the finance charge5. Fi[￿nCe charye5 written off to the SOFA over the perlod of the lease 50 as to produce a constant periodlc rate of change. 16 JUST HOMES CHARITY (A CQMPANY LIMITED BY GUARANTEE) rioTES TO THE FINANCXAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 6. DEBTORS AND PREPAYMENTS Unrestricted Restrlcted Funds Fund5 Totsl Total 31-Ma￿lS 31-Ma￿24 Houslng Benefit held on attount Trade DÈbtors Prepayments 1,458 23,307 8,643 22,717 9,052 22,717 9,052 31.769 31,769 33,408 7. CREDThORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR Unrestritted Restrlcted Funds Funds Total Total 31-M4￿25 31-Mar-24 Accruals and Deferred In￿rne other Credltors Credlt Card Intercompany ￿r$t Frult 12,331 10,419 1,201 12.331 10,419 1,201 7,316 6,707 3,381 5,000 23,952 23,952 22,404 8. sfAFF COSTS. NUMBERS AND THE cosr OF KEY MANAGEMENT PERSONNEL 31-Mar-25 31-Mar-24 Gross Wages and Salarfes Employer's National Insurance Costs Employerts Allowan Ex-gratla and Redundancy Payments Employer's Penslon Contributlons 414,428 37,756 15.0001 3.569 9,748 460.501 334,882 29,010 15,0001 3.952 7,577 370,421 Average number of employees who were engaged in each of the following activities.. 31-Mar-25 TOTAL 15.5 31-Mar-24 TOTAL 13.25 Activitie5 In furthemnee of )rgani5ation'5 objects No employees received emoluments In excess of £60,000. Staff are pald through the PAYE system. 17 JUST HOMES CHARITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 8. STAFF COSTS, NUMBERS AP4D THÉ COST OF KEY MANAGEMENT PERSONP4EL (continued) The charity operates a defined contribution pension scheme. Contribuuons are charyed to the Ststement of Financial Activities as they become payable In accordan￿ with the rule5 or the scheme. The charity is under no further obllgatlon to make any extTr payments irrèspettive of how that penslon fund perforrns. Employer pension contribution5 totalling £9.748 wetE paid on behalf OF twelve employees 12024123.. £7,577 twelve employees). The Key Management Per5onnd comprises the Board of TrUst￿S and the CEO. The totsl employee benefits paid to key manèJement personnel (Includlng employer national SnsuranTr and employer penslon contrlbub'onsl was £0. 9. DIRECTORS AND OTHER RELATED PARTIES ND ￿muneratIOn was pald to directors in respect of such offi￿. During the year, no payments We￿ paid to dlrectors 12024123.. None). During the year, no ￿mUneratIOn was paid to related parbes {2024123: None}. No payments We￿ made to directors or any persons connected wlth them durfng thls finan¢ial ped(xJ. No material transaction tDJk Pla￿ between the organisation and a trustee or any person connected wlth them. The company has taken advantage of the exemptions In Flnancial Reportlng Standard 8 not to dlsdose any transactions between itself and any other group mefflbers. Consolidated accounts may be obtained from Frst Fruit at 34 Norwich Road. London E7 9JH. In this financial year, a limited ctsmpany of whlch a trusteeldirector C>f First Frult IM Clements) is a dlrector (Authentlc HR Lim￿ed), rec￿Ved payments totslllng £22,284 from Just Homes Chartty (a subsidiary charity of Flrst Fruit) under contract for servlces for HR servlces rendered. These payments are permltted under the Memorandum and Articles of Associatlon of Just Flomes Charity (2024123.. £10,506). In this flnandal year, a limited Cofnpany of whlch a trustee/dlrector of Flrst FruSt (A Flnran) is a rrefnber (Carter Lemon Camerons LLP), r￿1Ve￿ payments totalling £21,120 {2024123.. É4,3891 from Just Homes Charfty la subsidiary charity of First Fruitl under a contract for servitts for Legal servlces rendered. These payments a permitted under the Mefflorandum and Arttdes of AssocIatl￿ of Just Homes Charity 10. CONTROLLING PARTY The ultimate controlling party is First Fruit, a reglstered charlty and company Iimlted by guarantee. 18 JUST HOMES CHARITY (A COMPANY LIMITED BY GUARANTEe) NOTES TO THE FINANCIAL STATEMENTS FOR fHE YEAR ENDED 31ST MARCH Z025 11. STATEMENT OF FUMDS Statement of Funds Current Year Expenditure thlnsllLas*51 Balance 01-Apr-24 Income Balance 31-Mar-25 Unregtrlthd funds General Unrestricted Funds 891 772 1 928 894 1.568.476 1,252 190 Restrlcted funds Women's Work {Madeline House) TOTAL OF FUNDS 891,772 1 928 894 1,568,476 1 252 190 ststernent of Funds Prfor Year Expenditure Gar￿(Lo5￿￿) Balance 01-Apr-23 Income Balance 31-Mar-24 Unrestrieted funds General Unrestricted Funds 673,954 1,501,2B5 11,283,467) 891.772 Restrlcted funds Women's Work (Madeline House) TOTAL OF FUNDS S73,954 1,501,285 11,283,467) 891,772 IZ SUMMARY OF FUNDS Summary of funds Current Y•ar Expenditure G8in511LossE51 Balance 01-Apr-24 Income Balance 31-Mar-25 General fund5 Restricted funds 891,772 1.928,894 11.568.476) 1,252,190 891.772 1.928,894 1.568,4761 1.252,190 Prlor Y¢•r Expendlture fj4ir611LD5*51 Balance 01-Apr-23 Income Iznce 31-Mar-24 General funds Restrfcted funds 673,954 1,501,285 11,283,467) 891,772 673 954 1 501,285 1.283 467 891,772 19 JUST HOMES CHA (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31￿ MARCH 2025 13. AMALYSIS OF NET ASSETS BETWEEN FUNDS Currant Yeor Unrestrftted Fiestrirte Fund Fund Total 31-Mar-25 Tangible Fixed A55ets Fl%ed *tsset Investments Current assets C￿dItorS due within one year Creditors due In more than one year 320,680 320,680 955,462 {23,9521 955,462 123,9521 1.252.190 1,252,1 Prlor Year Unrestricted Restricted Fun¢f Fund Total 31-Mar-24 Tan9ible Flxed Assets Flxed Asset Investments Current a55et5 Creditors due within one year Creditors due in more than one year 267.975 267,975 646,201 122.4041 646,201 122,404) 891,772 891,772 14. TAXATION The charity is a registered charity {numbEr 112B3111 and Is exempt from taxation in accordance with Part 10 of the Income Tax Act 2007. all expenditure 15 applied for charitable purposes and therefore ha5 no liability to corpootion tax. Value Added Tax 15 not recoverable by the charity and is therefore included In the relevant costs in the SOFA. IS. COMPANY STATUS The charfty Is a company Ilmited by guarantee. The members of the charitable company include the trustees named on page 2. In the event of the charitable company bein9 wound Upi the liability in respect of the guarantee is limited to £10 per member of the charfjty. 16. PENSION COMMITME1￿$ The charity operate5 a defined contribuknon5 pension scheme. The assets of the scheme are held separately from those of the cornpany in an Independently administered fund. The pension cost charge represeThts contributlons payable by the company to the fund and amounted to £9,74812024123= £7.5771. 17. POST BALANCE SHEET EVENTS The char(ty has been served notlce under sectlon 25 of the Landlord and Tenant Act 1954 to vacate one of the properties it occupies. The charitr 15 disputing that the notice has been lawfully Issued. has issued a counterclaiTn and is seeking to negotiate an outcome whereby occupancy can contlnue untll a replacement propety is ready for occupatlon. Consequently* the charity may need to incur material legal and professlonal fees during this process. 20 ju￿ HOMES CHAIUTY (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31ST MARCH 2025 2025124 2024123 C•sh pro¥lded byl{used In} op¢Mtlng a¢tlvltle$ lal Cash used from investing activitie6 Interest income 9,873 5,505 Purchase of tangible fixed assets 1176,16LI {L09,000) Cash provlded byl(used in) investing activities Cash flows from financing activities IntrodurtiDnl{Repayrnentl of long term borrowivg Cash used In lI￿nCIng •rtl¥ltles Increase/{decreasel in cash and cash equlvalents in the year 310 899 161 614 Cash and cash eouivalents at the start of the year 612,793 451,179 TOTAL cash and cash equivalents t the end of the year Ibl 923.693 6JL793 2025124 2024123 Net rnovement In funds Add back depreciation charge Deduct interest incorne shown in inV￿ting activities DeCrEasellinc￿aSe) in debtors Increaselldecreasel in creditors 360.418 123,456 (9.873} 217,818 79,146 {s,sosi 1,639 1,548 18,8661 117,4841 Net cash provlded byl(used In) opernting activities 477.187 265.109 (b) Analysls of cash and cash equlvalents 2025124 2024123 Cash at bank and in hand Fixed Tem Bond Total cash and cash equivalents 923,693 612,793 923,693 612.793 21 ju￿ HOMES CHARITY (A COMPANY UMITED BY GUARA1￿￿E) STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31ST MARCH 2025 (c) Analysi8 of changes in net debt At stsrt Cash flov45 kqulsltlonl of year disposal of subsidiaries New flnance Falr value movements Forelgn exchange movements At end of year Cash 612,793 310.899 923.693 TOTAL 612 793 310.899 92 .693 22