2021-03-31-accounts

Trident Reach the People Charity Annual Report and Financial Statements For the year ended 31st March 2021 Company No: 06761385 Charity No: 1129187

Trldent Reach the People Charity For the year ended 31 March 2021 Contents Page Reference and AdminlstratNe Detalls of the Charity Report of the Board of Trustee5 Strategic Report li Independent Auditors Report 12 Statement of Financial Activities 17 Statement of Financlal Position 18 Notes to the Financial Statements 19

Trldent Reach the People Charlty Forthe year ended 31 March 2021 Rèference and Admlnlstratlve Detalls of the Charlty, its Trustees and Advisors Trident Reach the People Charity (Trident Reach) is a charitable company limited by guarantee and not having any share capitsl. It was Incorporated on 28 November 2008 and registered as a charity on 16 April 2CQ9. It commenced trading on l October 2[￿. The charitable company is a wholly owned subsidiary of Trident Housing Association Limited. The charitable company's pollcy an(i operations are governed by its Memorandum and Artlcles of Assoclation. Trustees The following setved as Trustees during the period Colin Small- Chair Brian Carr Yasmin Fearon Stephen Gabriel Chris Handv Simon Hatchman Katie Kershaw Yvonne Leishman Patrick Mccarthy John Morris Nathan Talbott Management Team John Morris David Harris (appointed October 20201 Company Secretary Corin Winfield (resigned September 20201 Debra Hanley (appointed September 20201 Auditors BDO LLP, Two Snowhill, Bimiingham, B4 6GA Bankers National Westminster Bank. I St Phillips Place, Blrmingham B3 2PT Registered Office 12 Falrlie House, Trident Close, Erdington, Birmingham. B23 5TB AdmiDlstratlve Office St Philip5 Community Campus, Newman Building, 153 Hagley Road, Birmingham B16 8UQ

Trldent Reach the People Charity- Report of the Board of Trustees For the year ended 31 March 2021 Strurture Governance and Mana ment Whilst the Board is responsible forthe overall strategy and policy of Trident Reach, day-to-day matters are delegated to the Group Chief Executive, who attends all Board meetlngs. Also in attendance atthe Board meetings are the Group Finance Director. Executive Leads and senior staff. Trident Reach Is a subsidiary of Trident Housing Association Limited (THAI, the legal parent of the Trident Group. Trident Reach is a registered charity and set up to run the care and support part of the busine55. It owns ￿ properties but Uses a number of THA propertie5 to provide seNices. The servrces provided extend across Bimiingham, Sandwell, Wofverhampton, Dudley, Coventry, Woice5ter, Warwickshire, South Derbyshire and Shropshire. The board of Trustees are appointed after a rigorou5 recruitment process whKh involves a formal Induction programme. a Eovernante revlew which leads to accreditation from the Governance Forum so that they fulty understand the charity, chartty law and their roles as trustees within the 8overnan¢e framework. Trustees are selerted based on their knowledge and skills so they can fill any skills gaps. The aim is to ensure the Trustees are highly skilled so they can perform at the highest level in their governance of the charity. The Board of Trustee5 meet at least once a quarter and each board meeting is structured to have themes linked to the corporate calendar and corporate plan, as well as considering specific buslness that has arisen since the previous meeting. Main theme5 include the business plan and strategic direction of the charity, performance of existing contracts. Setting budgets for the next financial year, approving statutory accounts, reviewing annually terms and conditions, revIewi￿ the corporate risk register and safeguarding. Publlc Benefit The Trustee5 consider they have had regard to the Charity Commission guidance on public benefit and have established the followin8 aim5. objectives, vision, and mission. Ob rtl Artivi The key objectives of the charlty glven in the Memorandum of Association are.. To provide care and sUPPOrt and related seNices for the relief of the aged, the infirm, the sick and others in necessitous circumstances; and To promote social inclusion forthe public benefit by preventing people from becoming socially excluded, relieving the need5 of those people who are socially excluded and assisting them to integrate into society.

Trldent Reach the People Charity- Report of the Board of Trustees Icontlnuedl Forthe year ended 31 March 2021 Our Vision Trident Reach the People Charity is a people first organisation working in partnership to maximise POSitivityi independence, and partlcipation. Our Alms To support people and communities to.. Exercise choice and maximum control over their own lives and communities. Have access to training, education, or work-like activities to live independently. Participate as active and equal citizens both economically and socially. Develop social contacts and access leisure artivities to help reduce the effects of isolatlon and achieve community integration; and Develop social enterprises to enable people and communities to enhance their own economic situation5 and contribute to the local economy. perforn￿n¢¢ In the Through a difficult year of performin8 through the pandemi¢, Trident Reach has delivered a surplus of £48.6k during the twelve months to 31 March 2021, an improvement on the £3.5k surplus reported in 2019-20. Trident Reach has delivered some great results in the period: Key services to all customers have been maintslned. Offices have iemained open with essential services continuing to run 24 hours a day. Reach's services and emergency responses have received compliments from across the region and especially in Bimin8ham. The efforts made to maintain and tailor housln& care and support Se￿ICe5 throughout the pandemic, and three lockdowns has been exceptional. As part of the Trldent Group, Trident Reach has succe55fully retained the Investors in People ccreditation. Trident Reach has worked with health authorities to open four COVID vaccinatlon centres, promoting the vaccination campaign, targeting customers and staff. Reduced the number of rough sleeper5 in Birmingham by almost 70% Idown to 171. The work of Tridenvs Rou8h Sleeper Outreach work was re¢ognised through winning a Birmingham Westside "Wonders of Westside" award. Em Matte Trident has an active Employee Forum that sits on a bi-monthly basis to discuss any policy changes affecting staff with the Executive Team. 51Page

Trldent Reath the People Charity- Report of the Board of Trustees (Contlnued) For the year ended 31 Marth 2021 The Trident Group employs corwrate policies to deal with employment issues. However, it is nece5Saryto make in(lividual variations to meet the specific needs and requirements of the individual businesses and therefo￿ each company issue5 its own policie5 which incorporate these individual variances. Policies cover a range of matters including.. Equality and diversity Health and safety Pay and benefits Bullying and harassment Discipline Safeguarding users Whistle blowing Complaints Capability Grievan The organlsation continuesto be accredited as an Investors in People IIIPI organisatlon atthe Standard award level, following Its three-year assessment durlng February and March 2021. The organisation has contlnued to demonstrate the requirements of the IIP framework with the successful interim reviews as part of the three-year accreditation period. The Group'5 achievement of the Standard award once again reflects the commitment and acknowledges the effort of everyone that works for the Group. The IIP state themselves that the Standard award is a very challenging one for organisations to meet and we have consistently met the Standard award for the previous three years. The HR team continues to work with staff, volunteers and apprentices across the organisation to provide dedicated and responsNe support for the development of skills and knowledge to continue to contribute effectively to the Gmup's strategic vision and direction. Having been recognised nationally in prevlous years for our commitment to Equalityi Diversity and Inclusion IEDII by both the National Centre for Diversity and Stonewalfs index of Top 100 companies to work for, the Group continues to revlew Its approach to EDI. The Group's anti-ratism statement also states that the Group stand5 together with all our colleagues, the community and all people of colour who are publlcly condemning racism in any form. As part of our commitment to work in the acceleration of equality, diversity and inclusion for all, the Group became one of a few early adopter organisations of The RACE Equality Code 2020 and its accountability framework. The Code adopts an 'apply and explain, approach which will enable us to describe how we will achieve the Code's Standards, carrying out a self-assessment. evidencing our outcomes in a robusL transparent and comprehensive manner. In addition, the Group remains a 'Disability Confident Committed Empbyerf for the fourth consecutive year lup to March 20221 since slgniTha up to the Disability Confident Scheme.

Trldent Reach the People Charlty- Report of the Board of Trustees (Continued) For the year ended 31 March 2021 Health and Wellbeln Covid-19 ha5 been a major challenge for organi5ations and indivlduals alike which has resulte(i in changing the vmy we all operate on a day-to-day basis. The Group has seen the introduction of changes to working praclice5 includin8 new rots arrangement5 across seNices. These have allowed the Group to continue to operate as normal but adhering to the government guidance relating to social distancing for employees whilst at work. As the UK exits Out of the third national lockdown, the Group in collaboration with its staff members have reviewed lessons learnt from working in a pandemic and will introduce a more formalised hybrid working arrangement for allowing them to work between the office, and the home. The Group had previously chosen to enhance Its Employee Asslstance Programme IEAPI for all staff. The enhanced offering provides stsff with an individual programme of support that Includes confidential helplines. face-lo-face consultations, and an array of online resources. Throughout the pandemic the Group ha5 promoted heatth and wellbeing coverlng a range of topics from mentsl health. stre55 awareness, nutrition advice. and physical awareness. Wellbeing initiatives will continue to raise awareness throughout the year. The Group's Health and Wellbeing arrangements do not stop at employee5, but it also considers the Group's customers with a partnership across Birmingham with Aston Villa Football Club {AVFCI- Workin8 in partnership employees and customers can take advanta8e of a range of programmes delivered by AVFC at times that are suited to the individual. isk Mana ment The Trustees review and challenge the risk register as a standing item on every meeting a8enda. The risk regÈster is maintained by the Executive and supported by operational risk reglsters that we use to make u5 aware of any emerglng risks across the busine55. The current highest Strategic Risks are: Health and Safety of our customers and staff Care and Support Asset Management Financial Risk in Reach 15 caused by the low ma￿1n$ we see in this sector. However, Reach carries no debt and has built up significant reseNes. This is supported by a specific Reach Risk Register which feeds the Strategic Risks and Reach KPIS which are reviewed by the Trustees at each meeting.

Trident Reach the People Charlty- Report of the Board of Trustees {Contlnued) For theyear ended 31 March 2021 Goin Contèrn The budget for 2021122 ha5 been set, taking in to account our current expectation5 of perfomiance through the pandemic. Work done through our financial planning process tested Reach finances specifically as well as the Group-wide scenarios and stress te5t5. We stress tested the impact of increasing employment costs within Trident Reach, losing key contrarts and not athieving performance targets within contracts. Trident Reach is able to perform through these st￿SSeS with acce55 to cash of over £lm and unrestricted reserves of £1.8m. Trident Reach is active in lookin8 for new opportunities and improving the financial perfomiance of existing contracts. Glven the St￿n8th of the Statement of Financial Position, lack of debt and the availability of Ilquid resources, the Trustees believe that while uncertainty exists, this does not Pose a material uncertainty that would cast doubt on the chariWs ability to continue as a going concern for a period of at least twefve months from the signing of these accounts. The Trustees therefore conslder it appropriate for the accounts to be prepared on a going concern basi5. Internal Control$ Assurance The Board acknowledges Its overall responsibility for establishing and maintaining the whole system of Internal control and for reviewing its effectivene55 for the Trident Group as a whole. The system of internal control 15 designed to manage, rather than eliminate. the risk of fallure to achieve bu5ine5s objectives, and to provide reasonable, not abSol￿e, assurance against material misstatement or loss. In meeting its responsibllitles. the Group Board has approved an effective framework to identify and manage the significant risks to the Group's operations. Thi5 risk-based approach to establishing and maintainlng internal controls is embedded within day-to-day management and governance processes. Our Strategic Risk Register is regularly reviewed internally and presented to Audit and Assurance Committee and Group Board with emergin8 risks highlighted. Operational risk reEister5 are also maintained. The Group Board delegate5 responsibility for the annual review of the effectiveness of the system of internal control to the Audit & Assurance Committee. The Audit & Assurance Committee take account of any changes needed to maintain the effectiveness of the management and control process for risk and fraud. Audit & Assurance Committee met eight times during the course of the year. A key thange to this yearfs Internal Control Assurance was the appointment of RSM to deliver our Internal Audit programme. This moves away from the internal resource we had employed. This gives OUT Executive and Board greater assurance of our Internal Contro15. A full annual programme for 2020121 has been carried out within 7 months, With RSM appointed on an interim basis before a full tender was carried out. The tender carried out subsequently appointed RSM for the next three years. 81Page

Trklent Reach the People Charfty- Report of the Board of Trustees (Contlnued) For the year ended 31 March 2021 The prime responsibility of the internal audit service Is to provide the Group Board with a55uronce on the adequacy and effectiveness of the internal control system, including risk management and governance. Internal audit also plays a valuable role in helping management to Improve systems of internal control and so to reduce the poterrtial effects of any s18nificant risks faced. Internal Audit has been delivered by RSM during thls year who have attended each of the Audit and Assurance Committee meetlngs. Key of Assurance Policies and procedures internal financial regulations- includin8 authorisation limits- System managed KPIS and regular financial reporting to Exec and Boord Finance and daia systems Internal Audit Programme Specialist audits- IT penetration testingl medication5 Regulator Review and Judgements Unqualified external audit opinion Insurance performance Business continuity plannlng Regular review of strategic risk register Financial planning and stress15cenario testing Chief Exe¢utl¥e Conclusion I have reviewed the effectiveness of the system of internal control, including the sources of assurance. l am satisfied that there 15 sufficient evidence to confirm that adequate systems of internal control existed and operated throughout the year. Those systems were aligned to an ongoing process for management of the significant risks facing Trldent Housing. Where control issues were identified these were responded to appropriately. No weaknesses were identified which would have resulted in material misstatement or loss requiring disc105ure in the Financial statements. John Morris Fundral4n Activi Trident Reach received donation5 of £25.02612019120: £3.1481. There 15 no dedicated fundraising team and professional fundraisers are not used. The Trident Group has adopted a policy of donating surpluses derived from commercial property ￿nts1 to Trident Reach. Given the low relatlve value of donations from thlrd parties the charity is not re8lStered with the Fundraisin8 Regulator. The charity has policies in place to ensure compliante wfth best fvndraising practice which prohibit persistent approache5 and undue pressure to give. 91Page

Trident Reach the People Charity- Report of the Board of Trustees {Contlnuedl For the year ended 31 March 2021 Re rt of the Board of Trustee5 The Trustees are ￿spOnSible for preparing the Strategic report. the Report of the Board of Trustee5, and the financial statements in accordance with applicable law and re8ulations. Company law requires the Trustees to p￿pare financial statements for each financial year in actordance with United Kingdom Generally Accepte(l Accounting Practice Iunited Kin8dom Accounting Standards and applicable lawl. Under company law the Trustees must not approve the Inancial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Trustees are required to: select suitable accountin8 policie5 and then app￿ them cons1Stently. make judgements and accountin8 estimates that are reasonable and prudent. State whether applicable UK Accounting Standards have been followed, subjett to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going toncern basis unless it 15 inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeplng adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financlal position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also ￿sponSible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention ènd detection of fraud and other irregularities. Audltors BDO LLP were appointed to condurt the audit for the financial year to 31 March 2021 in accordance with Section 485 of the Companies Act 2CK16. A5 this will be three years since the last tender exercise, a proposal to retender the seNice will be made to the AGM on 27 September 2021. By order and signed on behalf of Trustees by.. Colln Srnall (Chairman) l9. 101 Page

Trident Reach the People Charlty For the year ended 31 March 2021 Strate8lc Report Flnancial Re¥lew Trider)t Reach has p95ted a surplus for the financial year 2020121 of £48.6k {2019120: £3.5kl: a movement in restricted and unrestricted reserves of £104.7k and 1£56.Ikl, respectlvety12019120: {E35.5kl and £40.Okl. Donations and other trading activitie5 have contributed £129k worth of income 12019120: £81kl. However, charitable activities have brought in the greatest proportion of income: £14,366k12010120: £13,788kl, which equates to 95.5% of a total income of £15.039k12019120.. £14,126kl. The charity has paid close attention to its cost base and, In spite of cost pressures includin8 those associated with Covid-19. has been able to keep its overall cost increase below the growth in income. Total reserves for the charity at 31 of March 2021 are £2,335k12019120 £2,286kl: with £1,803k being unrestricted (2019120: £1,859kl and £532k restricted12019120: £428kl. Much of the reserves are held in cash resources of El,033k12019120: £927kl. The charity has no external debt. The Trustees have reviewed the risks of the charity. especlally in the light of the pandemic. Marglns are tight in the sector and a small movement or1055 of contract could pose a challenge. The budget and the long-term business plan for the Charity, as well as the wider Group, has been stress tested and is found to be financially sound. Given the strength of the Statement of Finantial Position and availability of liquid resources, the Trustees believe that there is no material uncertainty that would cast doubt on the charit¢s ability to continue a5 a going contrrn for a period of at least twelve months from the signing of these accounts. Plans forthe Future Trldent Reach will continue to deliver current contrarts but also look for Dew opportunities. As demands on the care and support sector rise, we are Steadfast in our desire to remaln proactlve In being a service provlder for all sections of our communities. The development grovrth of THA brings opportunities to expand the 8eography of the serwices offered by Reach. Any new opportunities will be assessed against our internal "Golden Rules" and careful consideration is made on all new projects to ensure it delivers strong social and financial outcomes. We will only enter a contract where we know we will add value to the service and to the customers. 11 IPage

Trident Reach the People Charity For the year ended 31 Marth 2021 INDEPENDEKf AuDIT0￿s REPORTTO THE MEMBERS OF TRIDENT REACH THE PEOPLE CHARITY Opinion In our opinion. the financial ststements: give a true and fair view ofthe state of the Charitable Company's affairs as at 31 March 2021 and of its incoming resources and application of reSoUr￿S for the year then ended., have been prop8rly prepared in accordance with United KiTrJdom General￿ Accepted Accounting Practice: have been prepared in ac¢ord8nce with the requirements of the Companies Act 2006. We have audited the financial statements of Trident Reach the People Charty {'the Charitable Company.) for the year ended 31 March 2021 which compris8 the Statement of Financial Activities, the Statement of Financial Posltlon and notes to the financial statements, including a surnmary of significant a¢￿￿nting policies. The financial reporting framework that has been applied in their preparation is applicable law and Unitèd Kingdom Accounting Standards. ncluding Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK 8nd Republic of Ireland (United Kingdom Generally AC￿pIed Accounting PrdCtice>. Basis for opinion We conducted our audit in accordance with Inlernational Standards on Auditing (UK) IISAS {UK)) and applicable law. Our responsibilities under those standards are fvrther describèd in the Auditor's responsibilities for the audit of the financial statements section of our report. W8 are independent of the Charitabl8 Company in accordanc8 with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfllled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have oblained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concorn In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on th8 work we have perfom8d, we have not identified any mat8rial uncertainties relating to events or conditFons that. individually or collectively. may cast significant doubt on the Charitable Companvs ability to continue as a going concern for a period of at least twelve months from when the financial slatements are authorised for issue. Our responsibilities and the responsibilities of the Trusta8s with respect to going ¢oncem are described in th8 relevant séctions of this report. 121 Page

Trldent Reach the People Charity For the year ended 31 Mardi 2021 INDEPENDENT AUDITOR'S REPORTTOTHE MEMBERS OF TRIDENT REACH THE PEOPLE CHARITY (CONTINUED) Other irfomiatlon The Trustees are responsible for the other infomiation. The other infomiation comprises the Information included in the Annual Report. otherthan the financial statements and our auditor's report thereon. Our opinion on the financial stslements does not cover the other infomation and, except to the ext8nt otherwise explicitly stated in our report, we do not express any form of assurance conclusion th8r80n. Our responsibility is to read tha other information and, in doing so. consider whether thg other infomation is materially inconsistent with the financial statem8nts or our knowledge obtained in the wurse of the audit, or Othe￿ise appears to be materially rnisslated. If we identify such material inconsistencies or appar8nt material misstatements, we are required to detemiinè whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have porfomied. we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing lo report in this regard. Opinions on othor matters prescrlbed by tho Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit: the infonnation given in the Trustees, R8POrt for the financial year for which the financial statements are prepared is consistent with the financial stalemenls; and the Strategic Report and Trustees, Report has been prepared in accordance with applicable lagal requirements. Matters on whlch we are rnquired to report by exceptlon In the light of the knowledge and understanding of the Charitable Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in rospect of the following matters in relation to which the Companies Act 2006 requir85 US to report to you rf, in our opinion.. adequate accounting records have not been kept. or retums adequate for our audit have not been received from branches nol visited by us- or the financial sLgt8ments are not in agreement with the accounting records and retums. or certain disdosures of Trustees, remuneration specffied by law are not made., or we have not re￿iVed all the information and explanations we requlre for our audlt,.

Trident Reach the People Charfty For the year ended 31 March 2021 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TRIDEpif REACH THE PEOPLE CHARITY ICONTINUED) Responsibilltles of Trustees As explained more fully in the Statement of Trustees Responsibilities. the Trustees (who are also the directors of the Charltable Company for the purposes of company law) are responsible for the preparation of the financlal statements and for being satisfied that they give a true and fair view, and for such intemal control as the Trustees determine is necessary to enable ihe preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the finan¢lal staternents. the Trustees are responsible for assessing the Charitable Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charitsb18 Company or to cease operations, or have no realisti altemative but to do so. Audltorfs re5ponsibilitle8 for the audlt of the financlal statsments Our obj8Ctives are to obtain reasonable assuranc8 about whether Ihe financial statements as whole ar8 free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assuran￿, but is not a guarantee that an audit conducted in accordance with ISAS (UK) wlll a￿ayS d8tect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered rnaterial if, individually or in the aggregate, they could reasonably be expected to influence the economSc decisions of users taken on the basis of these financial statements. Ext8nt to which the audit was capable of detecting irregularities, including fraud Irregularfties, including fraud. are instances of nonwcompliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements in resped of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detsiled below: We made enqulries of management and the Audit Committee. This includ8d the following: how they have identified, evaluated and Complied with laws and regulations and whelher they wer8 aware of any instances of non-compliance; their process for detecting and responding to the risks of fraud and whether they have knowledge of any adual, suspected or alleged fraud; and which internal controls have been established to mitigate rlsks related to fraud or non- complian¢e wlth laws and regulations. 141Page

Trident Reach the People Charity For the year ended 31 March 2021 INDEPENDENT AUDITOR'S REPORTTOTHE MEMBERS OF TRIDEMf REACH THE PEOPLE CHARITY (CONTINUED) We obtained an understsnding of the legal and régulatory frameworks that are applicable to the Company. These indude, but are nol lirnited to, compliance wilh Companies Act 2006, Charities SORP, United Kingdom Generally Accepted Accounting Practice and relevant tax legislation. In addition, the Charitable Company is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements. for instance through the imposition of fines or litigation. We identffied the followin9 areas as those most likely to have such an effect: data protection. Auditing standards limit th8 required audit procedures lo identify non-compliance with these laws and regulations lo enquiry of the Those Charged with Governance and other management and inspection of regulatory and legal correspondence rf any. We considered management's incentives and opportunities for fraLKlulent manipulation of the financial statem8nts {including revenue recognition and the risk of override of controls). and detennined that the principal risks werè related to posting inappropriate journal entries to manipulate financial results and management bias in accounting estimates. Audil response to risks identrfigd We reviewed the financial statement disclosures and sample tested to supporting documentation to assess compliano with relevant laws and regulations discussed above; We rnade enquiries of the Audit Committee, management and internal audit., We reviewed the fraud register which includes instances of fraud and non-compliance wilh laws and regulations and we read minutes of meetings of those charged with gov8mance" In addressing the risk of fraud through management override of Controls, we tested the appropriateness of joumal enlries and other adjustments; assessed whether the judgements made in making accounting estimates are indicative of a potential bias: considered completeness of related party transactions: aThJ evaluated the business rationale of any significant transactions thal are unusual or outside the normal course of business; and We challenged assumptions made by management in their signifiGant accounting estimatss in particular in relation to provisions. Our audit procedures were designed to respond to risks of material misstalenient in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than th8 risk of not detecting one resulting from error, as fraud may involve deliberate conce81m8nt by, for examplg. forgery, misrepresentations or through collusion. 151Page

Trident Reach the People Charlty For the year ended 31 March 2021 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TRIDENT REACH THE PEOPLE CHARITY IcoMfiNUED) There are inherent limitations in the audrt procedures perfom)ed and the further removed non- compliance with laws and regulations is from the events and transactions reflected in the financial statements, th8 less likely we are to become aware of it. A further description of our r8sponsibilities for the audit of the financial statements is located at the Financial Reporting Council's website at: nsibiliti8s.This description fornis part of our auditor's htt :Ilwww.frc.or report. .ukJauditorsres Use of our roport This report is made solely to the Charitable Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Compani8s Act 2006. Our audit work has been undertaken $0 that we might state to the Charitable Company's members those matters we are required to state to them in an audilor's report and for no other purpose. To the fullest extent permitted by law, w8 do not accept or assume responsibility to anyon8 Other than th8 Charitable Company and the Charitable Company's members as a body, for our audrt work, for this report, or for the opinions we have fomed. Do¢US￿nedts￿. A11116013DD84AC Kyla Bellingall (Senior Statutory Auditw} For and on behalf of BDO LLP. Statutory Audltor Birmingham, UK 21 August 2021 BDO LLP is a limited liability Partnership registered in England and Wales Iwilh regist8r8d number OC305127). 16 |Page

Trident Reach the People Charlty- Statement of Flnanclal Activltles (Incorporating Income and ExpendSture Account) For the year to 31 March 2021 2020 Total Funds Vnrestrlrted Funds Restrfcted Fund5 2021 Totsl Funds Note Income from: Donations & legacies Other trading activities Charitable activities Services provided as part of the charitable activities Grants for the provision of services as part of the charitable activities 25,026 104.(K)6 25,026 104.¢X16 3.148 77,835 14.366.195 14,366,195 13,788,450 544,099 544,099 257,203 099 15 03 L26 14 126 636 Total 14 ndlture on. Raising Funds Charitable Activities 14.444,543 106,778 14 439,383 14,883,926 14,015.237 106,778 107.888 83 14 990 704 14 123 125 Other Total 439 Net lexpenditure)/income RKonclllation of funds: Totsl funds brouEht forward Total funds carried forward 1,858,722 427,711 2,286,433 2,282,922 The notes on pages 19to 40 form part of these financial Statement5. All the above results are derived from continuous activities. 17 IPage

Trldent Reach the People Charity Statement of Flnancial Positlon A5 at 31 March 2021 Notes 2021 2020 Fixed Assets io 296,732 355.890 Current Assets Stock li 7,177 9,621 Debtors 12 1,826,879 2.034,739 Cash at Bank and in Hand 1,033.323 1829.056} 11,041,020) 2,038,323 1,930,543 927,203 Creditors 13 Net Current Assets Totsl Assets Less Current liabilltles 2,335.055 2.286,433 Funds Unrestricted Reserves 16 1,802.628 1,858,722 Restrirted Reserves 17 532,427 2 335 055 427,711 2 286 433 The notes on pages 19 to 40 form part of these financlal Statements. The financial ststements were approved by the Trustees on ZO 2021 Signed on behalf of the Trustees by: Colin Small Chairnian John Morris Trustee 18 |Page

Trldent Reath the People Charlty Notes to the Flnancial Statements for the year ended 31 March 2021 l Accounting Policles a) Basis of Preparatlon The financlal statements have been prepared in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and comply with the Statement of Recommended Practice ISORP) Accountin8 and Reporting bv Charities FRS102 effective from January 2015. The Financial statements are prepared under the historic cost convention. Golng con¢em The financlal statements have been prepared on the golng Con￿rn basS5. The budget for 2021-22 has been set, taking in to account our current expectations of perforrnance through the pandemic. Work done through our financial planning has stress tested the impact of increasiT)g employment costs, losing key contracts and not achieving perf0mlan￿ targets within contracts. Mitigaiions could include TUPE of staff if contracts lost and reduced use of agency Staff to reduce operating tosts. Trident Reach is able to continue through these stresses with access to cash of over £lm and unrestricted reserves of £1.8m. Trident Reach 15 active in looking for new opportunities and improving the financial perfom)ance of existing contracts. Given the strength of the Statement of Financial Position, the lack of debt within Trident Reach and the availability of liquid resources, the Trustees believe that while uncertainty exists, this does not pose a material uncertainty that would cast doubt on the charity's abilityto continue a5 a going concern for a period of at least twelve months from the signing of these accounts. The Trustees therefore consider it appropriate for the account5 to be prepared on a going concern ba5iS. Finan¢ial reportin8 Standard 102- reduced dlsclosure ex¢mption5 The company has taken advantage of the following disclosure exemptions in preparlng these financial statements, as permltted by the FRS 102 "The Financial Reportin8 Standards applicable in the UK and Republic of Ireland" as a result of being included within the consolidated financlal statements of its ultlmate parent company: the requirements of Sertion 7 Statement of Cash Flows; 19 | Page

Trldent Reath the People Charlty Notes to the Financlal Statements for the year ended 31 March 2021 Accounting Pollcies (Continued) the requirements of SectSon 3 Financial Statement Presentation paragraph 3.17 Id),- the requirements of Section 11 Basic financial instruments; and the requirements of Section 33 Related party transaction. This information is included in the consolidated financial statements of Trident Housing Association Limtted. Judgements In applylng accountlng pollcles and key 5our¢¢s of estlmation uncertalnty In preparing these financial statement5, the Trustees and Directors have made judgements, the details of which are included in the following accounting policies. b) Charlty 5tatU5 The compony is incorporated in England and Wale5 under the Companies Art 2006 and is regISte￿d as a charity. cl Fund Accountlng General funds are unrestricted funds. which are available for use at the discretion of the trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes. However, most of the current funding is in the form of contracts all of which carry specific service targets but also allow for contributions to central administration costs and the generation of small surpluses. Therefore, whilst the funds are unrestricted, a large proportion of income will be expended insuring ihat delivery targets are met. Restricted funds are funds which ore to be used in accordance with specifK ￿$trICtl0n5 imposed by the funders or which have been raised by the charity for a particular purpose. 20IPage

Trldent Reach the People Charlty Notes to the Financial Statements for the year ended 31 Marth 2021 Accounting Pollcles (Continued) d) Income All Income 15 induded in the Slatement of Financial Artivities ISoFA} when the charitsble company is legally entitled to the income and the amount can be quantlfied with reasonable accuracy. Income from donations represents donations and fund-rai5in8 aclivity for individual specified projects 5UPPQrted by the tharilable company. Income for charitable activitie5 represents contracts held with third parties, for the delivery of a range of care and support seNices, and grants for charitable activities that relate to specific fund5 which allow the charitable company to provide "value added" activities in connection with main contracts. Most grants are paid in arrears based on invoices providin8 evidence of expenditure committed. Shop income is received as cash and a record of the daity tskings are reported to the finance team wlth a weekly wonciliation of banking and any authorised cash expendlture. el Defffred Income All income received which is paid in advance of a contract being delivered is treated as deferred income until such time as the SeN1￿ is delivered. t) Expndlture All expenditure is accounted for on an accruals basls and ha5 been classified underthe heading that aggregates all costs related to that category. In addition, an appropriate apportionment of 5UPPOrt and management costs is charged to gNe a full cost of runnin8 each Service. Governance costs include the costs of governance arrangements. which relate to the general running of the charltable company. Flxed Assets and Depre¢latlon All assets are capltalised at cost. Depreciation is calculated to wiite off the cost less estimated residual value of fixed assets on a stralght line over their estimated INes a5 follows. Motor Vehicles 5 years Housing furnlture and equipment 5 to 7 years ICT/Office equipment 4 to 10 years Depreciation for work5 on leasehold properties wlll be dep￿¢￿ated over the length of the lease 21 | Page

Trldent Reach the People Charlty Notes to the Flnancial Statements for the year ended 31 March 2021 Accounting Pollcies (Contlnued) hl Operatin8 leases Rentals payable under operating leases are charged on a straight-line basis over the temi of the lease. 1> Penslons Contributions payable to the pension schemes are charged to the income and expenditure accounts in the period to which they relate. j) Stock Stock is valued at the lower of cost and net realisable value. 221Page

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