Registered number.. 06761385
Choritu number.. 1129787
Trldent Reu¢h Thè People Charity
Trustees, Report ond Financial Stotements
For ihe yeor ended 31 March 2024
JD INS
UOIT

Trident Reoch The People Chgrity
{A compony limited by gvorantee)
Contents
Page
Reterencè and administrative detoils of the Chorlty. its Trustees and advisers
TrLtstees' report
Independent ouditor's report on thè financiol stotements
10-13
statement of financiol activitie5
14
Balance sheet
15
Statement of cash flows
16
Notes to the financial statements
17-32

Trident Rèts¢h The People Charily
(A compony limited by guarantee)
Reference and Administrative Oetails ot the Charity. its Trustèes ond Advisèrs
For the year ended 51 March 2024
Trvstees
Brian Carr. Choir
Yosmin Feoron (resigned 24 June 2024)
Stephen Gobriel (resigned 24 June 2024)
Chris Hondy
Simon Hatchman
PoJul Hoyword
801 Kovr
Yvonne Leishmon (resigned l Jonvory 2024)
Potrick Nccorthy (resigned 24 June 2024}
John Mor."is (resigned 31 August 2023)
Nicholas Murphy
Jomie Whitmore
David Harris
Helen Litherlond
Goreth Price
Nigel Wilson loppointed I Sepiember 20231
Amondeep Gill-Knobbs loppointed 24 June 2024)
Mohammed Mushtoq (appointed 24 June 2024)
Company registèred
nvmber
06761385
Charity re9lStered number 1129187
Aeglstered office
12 foirlie House
Trident Close
Erdington
Birmingham
823 5T8
Administr¢Jtivè offi¢e
239 Hollidoy Street
Birminghom
Bl ISJ
Company secretory
Dovid Horris
Senior monagement team John Morris. CEO (to 31 August 2023)
Nigel Wilson CEO (from I Sepiember 20231
Dovid Harr'.s
Christopher Derby (resigned 31 Morch 20241
Helen Litherlond
Gareth Price
Poge I

Trident Reach The People Chority
(A company limited by guoronteè)
Reference ond Administrative Detoils of the Charity, its Trustees tsnd Advisers (contlnued)
For the yegr ended 31 M¢r¢h 2024
Independent ayditor
Doins Audit Limited
2 Chomberlain Square
Porodise
Birminghom
B3 3AX
Bankers
Notionol Westminster Bank
I St Phillips Ploce
Birmingham
B3 2PT
Page 2

Trident Reuch The People Chority
(A company limitèd by guarantee)
Trvsteès. report
For the year ènded 31 Morch 2024
The Trustees present their onnuol report rogether with the audited finonciol sioiemenig of the Trident Reach The People
Choriiy for the ueor 1 April 2023 to 31 Ivlorch 2024. The Annvol report serves the purposes ol boih o Trustees, repon ond
o directors, report under company law. The Trustees confirm thot the Annual report and linoncicl stotements of the
choritoble compony comply with the current stotutory requirements, the requirements of the charitoble compony'5
governing document ond the provisions of the Statement ol Recommended Proctice (SORPI applicoble to charities
preporing their occounts in occordonce with the Finonciol Aeporiing Standord opplicoble In the UK ond Republic of
Irelond IFRS102) (effective 1 Januory 2019).
Strvcture. governunce ond manogement
Constitution
Trident Reoch The People Chority Is registei.ed as a charitoble compony limited by guorontee ond wos set up by o
emorondum of Associoiion signed 20 November 2008.
Methods of oppolntment or election of Trustees
The boord of Trustees ore oppointed ofier o rigorous recruitment process which involves o formol induction
progromme Trustees are selected bosed on iheir knowledge and skills so they con fill ony skills gops. The oim is io
ensure the Trustees ore highly skilled so they con perform ol the highest level In their goveinonce of the charity.
Organisationgl structure ond decision-moking policies
Whilst the Boord Is responsible for the overoll strotegy and policy of Trident Fl&ach. doy-to-day matters are delegated
to the Group Chief Executive. who oltends oll Boord meetings. Also in oitendonce (Jt the Board meetings are the GrDUP
Finance Oirector and ihe Executive Teom
Trident Reach is a 5ubsidiory of Trident Housing Associotion Limited ITHA). Ihe legol porent of the Trident Group.
Trident Fieoch is a registered charily ond sei up to run the core ond support port ol the business. 11 owns no properties
but uses o number ol THA prciperties to provide services. The services provided extend ccross Birrninghom. Sondwell.
Wolverhompton. Dudley. Coventry. Worcestershire, Worwickshire. South Derbyshire and Shropshire.
The Boord ol Trustees meet at leost four times o yeor ond eoch boord meeting is structured to hove themes linked io
the corporoie colendor ond corporote plon. as well as considering specific business thot hos orisen since the previous
meeting. Noin themes Include the business plan oTrd slrotegic direction of the choritu, perlormonce of existing contracts.
setting budgets for the nexi finonciol 4eor. approving stotviory occounis. reviewng onnvolly terms ond conditions.
reviewing the corporate risk register ond Soleguording of our sioff ond cusiomers
Poge 3

Tridèftt Aeoch The People Chority
(A company limfted by guorontee)
Trustee5' report (tontinued)
For the year ended 31 March 2024
Structure. governon¢e and manogement (continued)
Risk management
The Trustees review ond chollenge the risk register for the Trident Group ond specilicolly for Trident Reoch as o
stonding itern on every meeting ogendo The risk register Is maintoiped by rhe Executive ond svpported by operational
risk registers thot we use to make us owore of ony emerging risks tscross the business.
The current highest Stroteg1c Risks within Tridenr Reoch ore..
Governonce
Finance
Heolth ond Sofety ol colleogues ond service users
Finonciol Ftisk in Reoch is caused by the low morgins we see in this sector. However. Reoch corries no debt ond hos bvilt
up significonl finonciol reserves. There is a specific risk In the nexi twelve months around the retendering of 5ignificont
Cogtracts with Birminghom City Council. the results ol which ore not known ot time of writing. However. os we hove a
strong track record of service delivery. we feel confident t4ot we will oltroct o lorge proportion ol the new controcts.
Governonce risks ore multi-foceied wiihin Trident Reoch ond impacfed by Trident Housing's Governonce roting with the
Regulotor of Sociol Housing os well (Js ihe Chorities Commission and Core Quolity Commission.
Heolth ond Sofetg ol our Colleague5 and Services Users will always remoin o priority ond we hove excellent
soleouording procedures In ploce to manage this.
All of our stroteoic risks ore meosured by KPIS which will give vs on Eorly Worning of o risk materialising or subsiding. In
our business Dlonning we run nvmerous stress tests and multi-vorionl tests to ensvre the Trident Group and it5
subsidiories are finonciol strong.
Poge 4

Trident R¢a¢h The People Chority
(A compony limited by gvarantèèl
Trustees, report (continved)
For the year ended 31 Mar¢h 2024
Obleciives and activitie5
• Objèctlves
The key objectives ol the chority given In the Memorandum of Associotion ore..
To provide core ond svpport ond reloted services for the relief of the oged. the infirm. the sick and o.hers In
necessilOUS C1rcumstonces'. and
To prornote sociol Inclusion for the public benefit by preventing people from becoming sociollu exclude(J. relieving
Ihe need5 of those people who ore sociolly excluded ond ossisting them to integrote Inio society
In setting objectrive5 and plonning for activities. the Trustees hcjve given clue consideroiion to generol guidonce
published by the Chority Commission relating to PLJblic benefit. including the guidonce 'Public benefit." running o chority
(PB21'
Ovr Vision
Trident Reoch the People Chority is o people first orgonisotion working in portnership to moximi5e p051tivity.
independence, ond poriicipotion. As part of the Trident Group. we ore a beacon of hope for our communities.
Our Atms
To support people ond communities to..
Exercise choice and moximum conlrol over their own lives ond communities
Hove occess to troining. education. or work-like activitie5 to live Independently.
Participote os octive ond equol citizens both economically ond sociolly.
Develop sociol contocts ond access leisure octivities to help reduce the effecis of Isolation ond achieve community
integroiion" and
Work in portnership to enoble people ond communities to enhance their own economic sitvotions ond contribute to
the locol economy
Poge 5

Trident Rèoch The Pèople Charlty
(A company limited by gvorantee}
Trvstees, report (continved)
For the yeor ended 31 March 2024
Achievements and performonce
Performance in the period
In delivering a surplus of £84k in 2025/24 Trident Reoch hos utilised 99.5% of its turnover on the vitol services we deliver
ocross our communities. Through chollenoino times. Trident Reoch hos remoined o Beocon of Hope for the
communitie5 ond customers we serve.
A new Chief Execulive hos successfully been oppointed io toke vs through o new strategic plan. Our ethos will remoin
onchored in housing. core ond support. Our new Slrotegic plon hos four key objectives
Our people
P8ople are the locvs of our business ond services.
Our Homes - Quolity homes in ploces residents feel safe and are proud to live in.
Our Business - BJilding a stronger. sustuinoble. independent business.
Our Core ond Support- Working os o Beocon ol Hope to Individuols. fomilies ond communities.
Trident Reach hos dellvered core and support octivify To 8.000 customers during the ueor coverip.g o wide geogrophy in
15 Locol Authorities across the West ond Eost Midlonds. sefvicing o number of needs inclvding homelessness. core
homes ond housing ond care for people with leorning disobilities.
Page 6

Tridènt Reoch The Pèoplè Charity
(A company limited by guarantee)
Trvsteès. rèport (continued)
For the yegr ended 51 March 2024
Finunciol rèview
Review of the year
Trident Reach hos posted a Surplus lor the financiol year of £84k {2023 £57k)
The chgrity h05 poid close ottention to its cost bose ond. In spite of cost pressures including those ossociated with the
rise in Inflation. hos been oble to keep Its overoll cost Increose below the growth in Income.
Toiol reserves for the chority ot 31 of Morch 2024 ore £2.5m (2023" £2.4m) with £2 Sm being unrestricted 12023." £2.Oml
oncs £164k restricted 12025. £391k). Much of the reserves ot 31 March 2024 ore held in cosh resources of £1.7rn 12023.
£979k) and the chority has no debt in ploce.
The Trustegs hove reviewed the risks of the chorily. especiolly in the light of 1he curreni levels of cost inflotion Morgins
ore light In the sector ond o smoll movement In costs or loss of coniroct could pose o chollenge.
The budget ond the long-term business plan for the Chority. os well 05 the wider Group. hos been stress tesied ond is
found to be linanciolly sodnd.
Going coneern
The stotutory occounts show o surplus of £84k The bucjget for 2024/25 is showing o surplus of £70k. The Executives
ore confident of meeting this budget position ond hove hod odd11ionol Income of circo £140k confirmed since we Set the
budget.
The Charity hod cosh of £1.7m ond reserves of £2.5m (with £0.2m restricted) os ot 51 March 2024 with no debt ond
therefore no loon covenonts to meet.
Althgugh finonciol morgins ore low (os is usvo1 in this sector). Trident Reoch Is financiolly stoble. The Executives monitor
morgins on oll individual projects to mitigote the risk thot Reoch slips into deficit The housing osseis ore owned by
Trident Housing Associotion which gives us flexibility to repurpose properties ot the end of certoin conirocts or il existing
usoge becomes less vioble.
There Is o key risk oround conirocts wiih Birminghom City Council which ore ending in November 2024 We ore
currenily in the bidding process for the replocemen., controcls which will conclude in Auoust 2024. The omount of
controcis we win moy morch or even exceed the exisfino level ol controcts. however our budoet a5SLJmes thol we win
on eouivolenr of 70/0 If we were ro wir less rhon Ihe budoet
orget we will need to review stolfing ocross ihe
orgonisotion. However, we feel conlideni thot will retain controcis due to our strong performance on these controcts in
the lost five years.
We work to o set of Golden Rules for Trident Reoch eD5urifjg that new Projects meet o 9% profit morgin lofter all
overheodsl. We olso ensure thot Reach Is not more thon 50Yo of the Trident Group (currently running ot 40Vu)
After moking appropriate enquines. the Trustees hove o reosor)oble expeciotion thot the Chority has adequate
resources to continue in operotional existence for the foreseeoble future For this reoson. they continue to odopt the
goin9 concern bosis Iii preparing the finoncial stotements
Poge 7

Trident Reoch The People Charity
(A company limited by guoranteÈ)
Trustees, report (coniinved)
For the yegr ended 31 March 2024
Reserves policy
The Trustees regvlorly review free reserves to ensure there ore adeouote funds to support the octivities thot Trident
Reoch underiokes ond to meet Iinonciol commitments os they become due. The trvstees consider thot unrestricted
reserves should be ai o level io cover oi leosr the torol siofling closure cost of Trideni Reoch.
Fvndruising
Trident Reoch received donotions of £2,490 (2023" £1.1041 There is no dedicated lundroising teom ond professionol
funcjroisers ore not used Given the low relotive value ol donations from third parties the charity 15 not registered with
the Funclroising Regulolor. The chority hos policies in plcjce to ensure complionce with best fundroising pfociice which
prohibit persistent opprooches ond undue pressure to give.
Funds held as custodlan
At 31 Morch 2024. the choirty held funds of £134.318 12023". £333.288) on beholf ol clients os custodion trustee. This
omounts rjre held In seporote bonk occovnts tsnd ore not included in the Chority's balance sheet.
Members, liabiltty
The Members of the Chority guoronlee to contribute on omount not exceeding £1 to the assets of the ChoJrity in the
eveni of winding up.
Plans for the future
Trident Reach will continue to cleliver cvrrent controcrs where finonciolly vioble, bul olso look for new OPPOflJnitie& As
demonds ori the core and support sector rise, we ore sieodfost in our desire to remoin proociive in being o service
provider for all sections of our commup.ities. We ore keen io continue io work in oll ol our existing locol outhorities.
however we will need to ensure this Is beneliciol lor oll porties. We have retendered lor key controcis with Birmingham
City Council for supporting Vulnerable Adults with housing ancl core services and we ore confident that our strong trock
record In ihese oreos will hold us In goo(J stead going forward. not only in Birminghom but in attracting new busines5 for
neighbouring locol outhorities.
The development growth of THA brings opportunities to expond the geogrophy of the services offered by Reoch Any
new opportunities will be ossessed ogoinsr our internol "Golden Flvles" ond corelul considerotion is mocje on oll new
projects to ensure li delivers strong gociol ond finonciol outcomes We will only enter o controct where we know we will
odd volue to the service ond io the cusromers
Poge 8

Trident Reach The People Charity
(A compuny limited by guorantee)
Trustees, report (continued)
For the year ended 51 Morch 2024
Statement of Trustees, responsibilities
The Trustees (who are olso the directors of the Charity for the purposes of compony lo)w) oJre responsible for preporing
the Trustees, report and the finonciol stotements in occordonce with opplicable law and Uniied Kingdom AccoLJnting
Standards (United Kingdom Generolly Accepted Accounting Prociice).
Company low reouires the Trustees io prepore finonciol statements for eoch finonciol yeor. Under compony low. the
Trustee5 must not opprove the finonciol staiemenls unless they ore satisfied ihoi they give o true ond fair view of the
siote of affairs of the Chorily ond ol its incoming resources ond applicotion of resources. inclu(Jing it5 income oncl
expenditure. for that period. In preporing these finonciol stotements. the Trustees are required to".
select suitoble occounting policies and then opply them consistently.
observe the merhods ond principles of the Chorifies SORP (FRS 102)".
moke judgments und accounting estimates thot ore reosonable and prudenr".
siote whether opplicoble UK Accounting Stondords (FRS 102) hove been lollowecj. subject to ony materiol
deponures discloged ond exploined in the financiol stotemenis..
prepore the finonciol 5tatemenis on the going concern bosis unles5 It is inappropriole to presume thot the
Chority will continue in business.
The Trustees ore respopsible for keeping odequote occounting records ihol ore suff Icient to show and exploin the
Chority's tronsactions ond d15close with reosonoble occurocy ot time the finonciol position of the Chority ond
enoble Ihem to ensure thot the finonciol stotements comply with the Cornponies Act 2006 They are also responsible for
soleguording the Ossets of the Chority ond hence lor toking reosonable steps lor ihe prevention and detection ol fraud
ond other irregulorities.
Diselosvre of informatlon to oudltor
Each ol the persons who ore Trustees ol the time when this Trustees, report Is oppi.oved hos confirmed thot..
so for a5 thoi Trustee Is owore, there is no relevont cjudit inlormoiion of which the charity's auditor is unoware.
ond
Ihot Trustee has ioken oll the steps ihat oughi io hove been token 05 0 Trvstee in order to be aware of any
relevont oudit inlormoiion ond lo establish that ihe choriiy's OLSditor 15 awore of thoi Informotion.
Audltor
The oudiior. Doins Audit Limited. hos indicoted his willingness to continue in ollice. The designo)led Trustees will propose
0 motion reoppointing the ouditor ol o meeting ot the Trustees
Approved by order of the members of the boord of Trustees ond signed on their beholf by.
Slmon Hatchmo
Choir of Audii & Risk Committee
Dote" 23 September 2024
Poge 9

Trident Reach The People Charity
(A company limited by guarantee)
Independent Avditor's Report to the Members of Tridènt Reach The People Chority
Opinion
We hove ouditecl ihe finonciol statements of Trident Fleoch The Peop.:e Cknority (the 'charity') for the yeor ended 31
Morch 2024 which cornprise the Stotemer.t of finonciol octivities. the Balonce Sheet, the Stotemeni of cash flows ond the
reloted notes, Including o summory of signilicont occounling policies. The finonciol reporting fromework thot has been
opplied in their preporatlon 15 opplicoble low ond United Kingdom Accounting Sttsndords. including Financiol Reporting
Srondai"d 102 'The Finonciol Reporiing Siondord opplicable in the UK ond Republic of Irelond, {United Kingdom
Generally Accepted Accounting Practice).
In our opinion the finonciol siotements.
give o true ond fair view of the siote of the choritoble compony's offairs as ot 31 March 2024 ond of its Incoming
resource5 ond opplication of resources. Including its Income ond expenditure for the yeor ihen ended.,
have been properly prepored Ifi occordonce with United Kinodom GeneroJllu Accepted Accounting Proctice.. and
hove been prepared in occordonce with the requirements of the Componies Act 2006.
Bosis for opinion
We cop.ducted our oudit In accordonce with IntefDOt10nol Stondords on Auditing (UK) (ISAS (UK)) and opplicoble low.
Ovr responsibilities under those stondords ore further described In the ALJditor's responsibilitie5 for the oudit ol ihe
finonciol stotements section ol our report. We ore ir,dependeni of the chafitoble compony In occordonce with the
ethicol requiremen;s Ihot ore relevont to our oudit ol the finonciol stotements In the Unired Kingdom. including the
Finonciol Reporting Council's Ethical Stondord. ond we have &ullilled our other ethicol responsibilities In occordance with
these requirements. We believe thot the audit evidence we hove obtoined is svlficient ond oppropriote lo provide o
bosis lor our opinion.
Conclvsions reloting to going concern
In ouditing the linonciol starements, we hove concluded thot the Trustees, use of the going concern basis ol occounting
in the preporoiion ol the finonciol siotements is approprioie.
Base(J on the work we hove performed. we hove not Identified any materiol uncertointies reltsting to events or
conditions thoi. individuolly or colleciively, moJy cost significoni cjoubt on the choriioble componu's obility to continue os
o going conce¢n for o pei.iod of ot leost iwelve month5 from when the finonciol sioiements ore oulhorised lor issue.
Our responsibilities ond the responsibilities of the Trustees with respect to going concern ore described in the relevont
secrions of this repori
Page ICI

Trident Reoch The People Churity
(A compony limited by gvorantèe)
Independent Auditor's Report to the Membèr5 of Tridènt Reach The People Chority (continued)
Other information
The other Inlormotion comprises the informotion inclucjed in the Annuol report other thun the finonciol stotements ond
our Aurjitor's report thereon. The Trusiees ore responsible for the other informotion contoined within the Annuol report
Our opinion on the financial stotements does noi cover rhe other informoiion ond. except to the exrent otherwise
explicitly stoted in our report. we do not express any form of ossurance conclbsion thereon. Our responsibility is to reod
the other informotion ond. in doing so. consider whether the other information is moteriolly incon515tent with the
finonciol stotements or our knowled9e obtoined in the covrse of the audit. or otherwise oppeor5 to be moteriolly
missiated. 11 we Identif￿ such moieriol inconsisiencies or opporent motericjl misstatements, we are required to determ'.ne
whether this gives rise to o materiol missiotement in the finonciol slotements themselves If. based on the work we hove
pefformed. we conclude thot there 15 0 moterial misstotemeni of ihis oiher informoiion. we ore required to repori thoi
foct.
We hove nothing to report In this regard
Opinion on other mutters prescribed by the Companies Art 2006
In our opinion bosed on the work undenoken in ihe course of the oudit..
the Information given in the Trustees, report for the linoncial yeor for which the Iinonciol staterrients are
prepored is consistent with the financiul statements
the Trvslees, reporr hos been prepored in r)ccordonce with opplicoble legol requirements.
Matters on which we are required to report by exception
In the light of our knowledge ond undersionding of the choritoble company ond Its environment obtoined in ihe course
of the oudit. we hove noi Ideniified moreriol missiotements in the Trvstees, report.
We hove nothing to report in respeci ol ihe following motiers In relotion lo which Componies Act 2006 requires us io
report to you if. in our opinion".
odequote occounting recoros hove not been kept. or return5 odequote lor our audit hove not been received
from bronches not visited by vs". or
the finonciol sioiemenis ore not In ogreement wlth the occountin9 records cjnd returns.. or
certain disclosures of Trustees. remunerolion specified by low ore noi mode., or
we have not I'eceived oll the Inlormoiion oncl explonorions we reqvire for our oudit
Poge 11

Trident Reach The People Charity
(A comp¢ny limited by guarontee)
Independent Auditor'5 Report to the Members of Trident Reach The People Charity (continued)
Responsibilities of trvstees
As exploined more fully in the Trusiees, respofjsibil".ties stotement. the Trustee5 (who ore 0150 the directors Df the
choritoble compony for the purposes ol compony lowl ore responsible for the preparatioii of the finonciol stotements
ond lor being sotisfied thot they give o true ond foir view, oncj for such Iniernol control os the Trusiees deiermine is
necessory to enoble the preporotion of linanciol statement5 that ore free from moieriol misstotement, whether due to
froud or error.
In preporino the finonciol siotemenis. Ihe Trustees ore responsible for asses51ng the choritoble compony's obility to
continue 05 a going concern. cli5closing. os opplicoble. motters reloted to going concern ond using the going concern
bosis of accounting unles5 the Tru51ees either intend io liquidole the choritoble compony or to cease operolions. or
hove no realistic oltefnotive but to do SO.
Avditorfs responsibilities for the audit of the finonciol stotements
Our obieciives ore io obtoin reosonoble ossvronce oboLJt whether the finonciol stoiemenis os o whole are free from
materiol misstotemeni. whether due to froud or error. ond to issue on Auditor's report that inclvdes our opinion.
Rea50noble ossuronce is o hioh level of ossuronce, but Is not o guorontee thot an oudit conducted in occordance with
ISAS (UK) will olwoys detect o moteriol missioremenl when i: exisis Misstotemeiits can arise from Iroud or error ond are
considered moteriol If, individuolly or ig the ag9regole, they could reosonobly be expected to Influence the economic
decisions of users token on the basis of *hese finonciol stotements.
Irregulorilies. including froud. ore instance5 of non-complionce with lows ond re9ulotions. We csesign procedures In line
with our responsibilities, outlined above, to detect materiol misstotements In respeci of irregulorities. Including Iroud. The
extent to which our procedures ore copoble of detecting irregula."i:ies. including Iroud is detoiled below".
Our approoch to identifying ond ossessing the risks of moteriol misstatement In respect of irregulorities. including fraud
ond non-complionce wilh lows ond reguloiions. wos os follows
the senior stotutory auditor ensured thot the engogement teom collectively hod the oppropriote competence,
copobilities ond skills to identify or recognise non-complionce with opplicoble lows oJnd re9vlotions'.
we identified the laws and regulotions applicoble to the compony rhrough discussions with directors ond other
monogemenl, ond from our commercial knowledge ond experience of the sector..
we locused on specific lows and regulation5 which we considered moy hove o direct moteriol effect on the finonciol
stotemenls or the operations ol the compony. including the linanciol reporting legislotion Componies Act 2006.
toxation legis,'oiion, onli-bribery. employment, ond environmental ond health ond sofety legislotion.
we ossessed the exieni of complionce with the laws and regulations identified obove through making enquiries ol
monagement ond inspecting legol correspondence.. ond
ideiitilied Iow5 ond regulotions were communicoled within the ovdit teom regulorly ond the teom remoined olert to
Instance5 of non-complionce ihroughoul the oudit.
We ossessed the susceptibility of the compony s finonciol stotements to moteriol misstotement. including obtainin9 on
vnderstonding of how fraud might occur, by".
moking enouiries ol monagement as to where they considered there wos susceptibility to froud. their knowledge of
ocluol. suspected ond alleged froud.
considering the Internol controls ln place to miligote risks of froud ond non-complionce with lows ond regulotions
Pooe 12

Trident Reoch The People Chority
(A company Ilmlted by gvorontee)
Independent Auditorfs Report to the Members of Trident Reach The People Chority (¢ontinved)
To oddress ihe risk of froud through manogement bios oncl override of conirols. we.
performed onolyticol procedures to Identify ony unusvol or unexpected relationships.,
tested journal entries to identify unusuol tronsoctions..
investigoted the rationale behind signilicont or unusuol tronsoctions.
In response to the risk of Irregulorities ond nc)n-complionce with lows ond regulotions. we designed procedures which
in£luded. but were noi limited to.
ogreeino Iinoncial stotement disclosvres lo underlying supporting documen;otion'.
reoJding the minutes ol meeting5 01 those chorged with governonce..
enqviring of mr)nogement as to actuol and potentiol Ii;igotion ond cloim5'.
reviewlng correspondence with HMRC. relevant regulotors ond rhe compony's legol odvisor5.
Becovse of the inherent limitations of on ovdit. rhere is o risk thot we will not detect oll irregulorities. Includiiig those
leoding to o moteriol misstatement in the finoncial stotements or non-compliance with regulotion. This risk increases the
more thoi complionce with a law or regulotion 15 removed from the events ond tronsoctions reflected In the Iinonciol
stotemenis, os we will be less likelu to become owGre ol instonces of non-complionce. The risk 15 Qlso greoter regording
irregulorities occurring due to froud rother than error. os froud involves Inteniionol conceolment. forgery. collusion.
omission or misrepresentorion.
A further description of our responsibilities for the oudit of the Iinoncial stotements is locoted on the Finonciol Reporting
Covncil's website ot". www.lrc.or
ovdiiorsres
on
This description forms part ol our Auditor's report.
Use of our report
Thig report is mode solely to the choritoble comptsny's members, os a body. in accordance wiih Chopter S ol Port 16 of
the Componies Act 2006. Our audit work has been undertoken so rhot we might stote to the charitable cgmpony's
members rhose motlers we ore required to stote to them in on Audiior's report ond for no other purpose To the fullest
extent permiiied by low. we do not occept or assume responsibility to onyone other thon the charitoble compony ond
its members. as a body. for our oudit work. for this report. or for the opinions we hove formed.
6J//4
Andrew Morris (Senior stotvtory ouditor)
for ond on behalf of
Doins Audit Limited
Statutory Auditor
Chortered Accountonts
Birminohom
23 September 2024
Poge13

Trident Reoch The People Charity
(A compony limited by gvoranteel
Stgtemènt of finoncial octivlties {incorporoting income ond expenditvre g¢¢ount)
For the year ended 31 March 2024
Vnrestricted
funds
2024
Restricted
fvnds
2024
Totol
tvnds
2024
Tgtul
funds
2023
Note
Income from=
Donotions ond legocies
Choritoble tsctivities
2.490
2.490
1,104
16.765.242
412.543
17.177.785
17,008,250
Invesiments
13.659
13.659
Totol income
16,781.391
412.543
17.193.934
17.009.354
Expénditure on:
Choritoble octivities
16.639.229
470.431
17,109.660
16.952,763
Total expenditure
16.639.229
470.431
17.109.660
16.952.763
Net income/(eKpenditurÈ)
Transfers between funds
142,162
(57.888>
84.274
56.591
13
169,501
069.501)
Net movement in funds
311,663
(227.589)
84.274
56.591
Recontiliotion of funds..
Totol funds brought forward
Net movemenr in funds
13
2.049.515
391.524
2,441.037
2.384 446
311.665
(227.389)
84.274
56.591
Total funds carried forward
13
2,361,176
164.135
2.525.311
2 441,037
The notes on poges 17 10 32 form port of these financiol statements.
Poge 14

Trident Reoth Thè Peoplè Chorlty
(A company limited by gvorantee)
Registered nvmber.. 06761385
8alonce sheèt
As ot 31 March 2024
2024
2023
Note
Fixèd assets
Tongible ossets
CvrrÈnt ossets
10
141.763
222.850
Debtors
2.037.520
3.061,150
Cosh ot bank and in hand
1.745.869
978.931
3.783.189
4.040.081
Creditors.. omounts lollino due within one yeor
12
(1.399.641}
(1.821.894)
Net current ossets
2.383.548
2,218.187
Total net assets
2,525,311
2,441.037
Charity funds
Re5tricled funds
164,135
391.524
Unrestricted funds
13
2.361.176
2.049.513
Total funds
2.525.311
2.441.037
The Trustees ocknowledge their respor.sibilities for complying with the requirements of the Act with respect to
accounting records ond preporotion of finonciol statements.
The finonciol srotemen1s were opproved ond authorised for issue by ihe Trustees ond signed on their beholf by.
Simon Hotchmun
Choir of Audit & Risk Commitiee
Date. 23 September 2024
The notes on pages 17 to 32 form pon of these finonciol statements.
Poge 15

Trident Reoch The People Charity
(A compony limited by guarantee)
Statement of ¢ash flows
For the year ended 31 March 2024
2024
2023
Note
Cash flows from operoting octivities
Nei cosh used in operoting octivities
15
767.188
(1.082.550)
Cash flows from investing ortivities
Bonk Inlerest received
13,659
Purchase of iongible fixed ossets
113.910)
{52.314)
Net cosh used in investlng activities
(251)
<52.3141
Chonge in cash and cash eqvivalents in thè yèor
766.937
0.134.864)
Cash ond cosh equivolents ot the beginning of the yeor
978.932
2.113.796
Cosh ond cash equivalents Ot thè ènd of the yeor
16
1.745.869
978,932
The notes on pages 17 to 32 form pori of these finonc1al statements
Poge 16

Trident Reach The People Chgrity
(A company Ilmited by guarantee)
Note5 to the financiol stotemènts
For the year ended 31 Mar¢h 2024
Generol information
The company is Incorporoted in Englond ond Woles Jnder the Componies Act 2006 ond is registered os o chority
with the C•ority Commission. The address of the registered office is given on page l. The principol octivities of
the company ore sel out within the Trvsteeg, report on page 5. The compony Is limited by guoronlee. In the event
ol the compony being wound up. the liobilily in respect Df the guoroniee is limited to £1 per member of the
corrpony
Accounting pollties
2.1 8u5is of preporatitsn of finoncial statements
The finonciol stotements hove been prepored in occordonce with the Charities SORP (FRS 102) - Accounting
ond Repc>rting by Chorities". Stotement of Recommended Proctice opplicoble to charities preporing their
occounts in occordonce with the Finonciol Reporiing Stondoro opplicoble In the UK ond Republic ol Ireland
{FRS IQ2) (effective l Jonuory 2019). the Finonc'al Reporting Stondord opplicable in the UK ond Republic of
Irelond (FRS 1021 ond the Componies Act 2006.
Trident Reoch The People Chority meets the definition of o publlc benefit entity under FRS 102. Assets ond
Iiobili15es are initialls recogniseo ar historicol cost or tronsoction volue unless otherwise stoted in the relevoni
occounting policy
2.2 Going concèrn
The stotutory occounts show o surplus of £84k. The buoget for 2024/25 is showing a surplus of £70k. The
Executives ore confident ol meeting :his budgei position onts have hod additional income of circa £140k
confirmed since we set the budget.
The Chorily hod cosh of £1.7m ond reserves of £2.5m (with £0.2m resiricted) os ot 31 Narch 2024 wi+h no
debt ond therefore no loon covenonis to meet.
Although financial morgins ore low (05 is usuol in this secior). Trident Reoch Is fiionciolly stoble The
ixecutives monitor morgins on oll individual projects io mitigote the risk thot Reoch slips into deficit. T.le
housing os5ets ore ownecj by Triclent Housing Associotion w4ich gives us flexibility to repurpose properties
ot the end of certoin contracts or if existing usoge becomes less vioble.
There 15 a key risk oround contrqcts with Birmingham City Council which ore ending In November 2024 We
ore currently In the b.'dding process lor the replocement colltrocls which will conclude in August 2024. The
omount of controcts we win may motch or even exceed the existing level of contracts, however our budget
QS5umes thoi we win an equivolenl of 70% If we were to win less thon the budget iorgei we will need to
review stoffing across the or9onisotion. However. we feel confident thot will retain controcts due to our
Strong performonce on these controcts in the last live yeors.
We work to a Set of Golden Rules for Trident Reoch ensuring thot new proiecis meet 0 9Yo profil rnorgln
lofter oll overhecids). We olso ensure thot Reoch Is not more thon 50% ot the Trident Group (currently
running at 40%).
Poge 17

Trident Rèach Thè People Charlty
{A company limited by guorontee)
Notes to the flnonciol statements
For the yeor ended 31 March 2024
Accountlng pollcies (continued)
2.2 Going ¢oncèrn (continued)
After moking oppropriote enquirieg. the Trusrees hove o reosonoble expectotioii thoi the Charity hos
odeouoie resources to continue In operationol existence for the foreseeoble future. For this reoson. they
continue to adopt the goir,g concern bosis In preparing the finoncicl stotements.
2.5 Income
All Income is included in the Stoiemeni of Finonciol Activities (SOFA) when the charitoble cornpony is legolly
enbtled to the income and the omount con be ouonlified with reosonoble accuracy. Income from donotions
represents donotions ond fund-r0i5ifjg activity for Individuol specified projects supported by the choritable
compony Income for charitable octivities represents conrrocis held with rh."rd purties, for the delivery of o
ronge of core ond support services ond orontg for choriioble octivifies ihoi reloie to specific funds which
allow the choritoble compony to provide "volve odded" octivities in conneciion wilh moin conirocts.
Flevenve from o controci to provide services Is recoonised In the period in which services ore provided in
occordonce with the stoge of complerion of the conlroct when oll of the fDIIDwing conditions are satisfied".
the omount of revenue con be meosured reliobly".
Ir Is proboble thot the Charity will receive the consideroiion dve under the controct..
the sioge of completion ot the end of the reporti.Ig period con be Meosured reliobly.. ond
the costs Incurred onol ihe costs to complete the controct con be measured reliably
Gront5 ore included In the Stotement of Iir.onciol octivities on a receivable bosis The bolance of income
received for specific purposes bvr not expended during the period is shown in the relevant funds on the
Bolonce sheet. Where Income is received In odvonce of entitlement of receipt, its recogyition 15 deferred
ond included in creditors as delefred Income. Where entitlement occurs before income is received. the
income is occrved.
Income tox recoveroblE in relation to donoiions received unrjer Gifi Aid or deeds of covenont is recogni5ed
ot the time of the donation.
Income lox recoveroble in relotion to invesiment Income is recognlsed ot the time the investmenr Income Is
receivoble
Oiher Income is recognised In the period in which it is receivoble ond io the extent the goods hove been
provided or on completion of the Service.
2.4 Expenditure
All expenditure is occounted for on an accruols bosis and hos been clossified under rheheodlng rhor
aggregotes oll costs relored to thot cotegory. In oddifion, tspproprioie opporiionmeni of supporr ond
monogement costs is chor9ed to 9ive o lull cost of running euch service. Governonce costs include the
costs ol governonce orrongemenrs. which relote to the general running of the choritoble compony. All
expenditure is i.Iclusive of Irrecoveroble VAT.
Poge 18

Trident Reach The People Charity
(A company limited by guaranteè}
Notes to the flnonciol stotement5
For the year ènded 31 Morch 2024
Accounting policies (continued)
2.5 Interest rèceivable
Interest on funds held on deposif is inclucjed when receivcsble ond ihe omouni con be measvred reliobly by
the Chority. Ihis is normolly upon noiificotion of ihe interest poid or payoble by the In511tution with whom the
funds ore deposited
2.6 Taxatlon
The Charity is considered io poss the tests set out in Parogroph 1 Schedule 6 of the Fifitsnce Act 2010 ond
therefore it meets the definilion of o ch(sritoble company for UK corporotion lox purposes. Accordingly, the
Chority is poientiolly exempt from lo%otion In respeci of income or copital goins received within cotegorie5
covered by Chopter 3 Part 11 of the Corporotion Tox Act 2010 or Settion 256 of ihe Toxotion of Chorgeoble
Goins Aci 1992. 10 the extent thot such income or goins ore opp5ied exclusively to choriroble pvrposes.
2.7 Tangible fixed ossets ond depreelatlon
Tangible fixed ossets ore Iniriolly reco9nised at COSI. Afier recognition. under the cost model. tangible fixed
Ossets ore measured ot cost less occumuloted depreciotion ond ony occumulated impairment losse5. All
costs Incurred to bring o tangible fixed osset Into its intended working condition should be included in the
meosurement of cost.
Depreciotion Is colculated to wriie off the cosi less residual volue ol fixed assets on o stroighi line over their
estimoted lives os follows..
Leosehold renovotions
Motor vehicles
Furnishings
Office furniture
CornpLJter & software
5 - 10 years or over the remoining life ol the lease
5 yeors
5-7years
5-7yeors
3 - 10 yeor5
2.8 Oebtors
All debtors ore short term and ore meosvred ot transaction price. less any impoirment.
2.9 Cash ut bonk ond in hand
Cosh ot bonk and ip hond inclu¢Jes cosh ond short-term highly liquid invesimenls with o short molurity of
Ihree months or less from the dole of ocouisirion or opening of the deposit or similor occouni.
2.10 Creditors
All cred1tors cjre short term ond ore meosured ol tronsaction price.
2.11 Operating leoses
Reniols poid under operating leoses ore chorged to the Stolement ol linanciol Ociivities on o siroighi-line
bosis over the leose term.
Page 19

Trldent Reu¢h Thè People Chorlty
(A tompany limited by guorontèe)
Note5 to thè financial stotements
For the year ended 31 Morch 2024
Accounting policies (continued)
2.12 Pensions
Shori term employee benefits ond contributions to defined contribution pension plons ore recognised os on
expense In The period in which they are incurred
2.13 Flnanclal instruments
Trident Reoch hos finonciol ossets ond liabilities of o kind thof quolify 05 bosic finonciol instruments. 8osic
linonciol instruments ore initiolly recognised at tronsoction volue ond subsequentlu measured ot the present
volue of future c05h flows (omortised cost) Finonciol ossets held or omortised cosl comprise shott-term
cosh deposits and the chority's debiors excluding prepoyments. finonciol Iiobiliiies held ot omonised cost
comprise the chority's Short ond long-rerm creditors excluding deferred income ond toxotlO.I poyoble.
Finonciol liobilities held ot foir volue comprise the chority's provision5. No discouniing hos been opplied on
the basis thoi the periods over which amovnts will be settled ore such that ony discountino would be
immateriol.
2.14 Fund occounting
Generol funds are unrestricted funds which are availoble for use OT the discretion of the Trustee5 in
fbriheronce of the general objectives of the Chority ond which hove not been desigp.oted for other
purposes Most of the current funding 19 in ihe form ol service controcts. oll of which corry specific service
torgets. bul olso ollow for contributions ro centrol odministrotion costs ond rhe generotion of smoll
surpluses io be freely opplied. therefore ore rreoroble os Ljnrestricted funds.
Restricted funds ore funds which ore to be vsed in occordonce with specific restrictions imposed by donors
or which hove been r05sed by the Charity for porticulor purposes
Criticol gccountlng estlmates and areos of judgment
In the opplication of the chority's occounting policies. which ore descrioed in note 2. the Trustees are required to
moke judgement5, estimates ond ossumptions obout the corrying omounts of ossets and liabi11ties thoi are not
reodily opporent from other sources. The estimotes and ossociated ossumptions ore bosed on historicol
experience ond other foctors thoi csre considered to be relevant. Actuol results moy be different from these
estimates
Critical occounting e5timotes ond assumptions..
Tangible fixed ossets ore deprecioted over their useful lives taking into occovnt residuol volues where
opproprioie. The octual lives of the ossets ond residuol volues are ossessed onnvolly ond moy vory depending
on o number of foctors. In re-ogsessing ihe ossei lives, foctors such os technologicol Innovotion prodvcl life
cycles and moinienonce programmes are ioken Into occount. Residual volues consider such ihings os future
mcjrket conditions. the remoining Ille ol the osset ond projected disPOs01 volues.
Paoe 20

Trident Reo¢h The People Chority
(A company IlmSted by guorontee)
Notes to the finoncial stotements
For the yegr ended 31 Murch 2024
Income from charitablé u¢tivitlès
Unrestricted Restricted
Total Vnrestri¢te¢l Restricted
Toiol
funds
funds
funds
fvnd5
funds
funds
2024
2024
2024
2023
2023
2023
Grants for thurttuble Ottivities
Oeelonds 5 - 15 Activities Clorion
9.992
9.992
Y.807
Oigitalisotion 8irminghom Core Homes
Digitalisotior? Shrop5hire Core Homes
Oigitalisotion Ducley Core Homes
Housing Firsi
Respte Rooms
Personalisoiion
31.807
4.950
8.960
4.950
8.960
218.668
218.668
430,121
514.112
430.121
514.112
138.166
138.166
Subtotal
412.543
412.545
944.255
944,233
Charitable activities - services
Residenriol Core Services
5.541.098
5.541.098
4,951,351
4.951.351
1.530.320
1.140.590
1.424.124
106.507
976.238
2,685.266
Domiciliory Core SeTvices
Mental Healih Service5
1.704.967
1.704.967
1.530,520
1.140.590
1.424.124
885.655
885.653
Y(xJno People Service5
Older People Services
Dcmresiic Violence Services
1.676.745
1.676.745
70.834
70.834
106.507
702.531
702.531
976.238
Hcmeless Services
2.775.659
2.775.659
2.685.266
Leorning Olsobiliiy Services
698.974
698.974
566.349
566.349
PURE
367.373
367.375
474.501
474.501
Deelon(ts Hall
19.652
19.652
7.707
2.197.613
3.451
16.064.017
7.707
2,197.613
3.451
16.064,017
Adults
2.321.305
2.321.305
Other Income
453
453
Subtotal
16.765.242
16.765,242
Total
16.765.242
412.543
17,177.785
16,064.017
944,235 17.008.250
Page 21

Trident Reoch The People Churity
(A company limited by guarontee)
Notes to the flnoncial statements
For the ueor endèd 31 March 2024
Analysls of èxpènditvre on ¢horitable actlvltles
DSreci costs Support Costs
2024
2024
T¢tol
Olreet costs Svpport costs
2023
2025
Totol
2024
2023
Choritable ser￿£25
ResldeThttol Cgre Services
5.554.885
744 581
6.299.466
4.937,943
1.796.462
1.003.652
1.017.204
72.964
694.078
214 519
5.632.021
2.010.981
1.163.539
1.216.837
Domiciliory Core services
Mentor Heollh services
227,594
118.?25
2.047.113
911.764
1.327.680
5S.266
795.539
1.105.854
45.811
448.271
2.078,595
464.272
25?.110
159.887
199,633
14.950
Young People servlces
Older People services
DoTnesTic Vlolence ￿rvIceS
omele55 servlces
223.B26
9.456
94.976
388.963
93.305
543.247
2.467.557
557.577
300.150
32.110
2.097.238
60
479.867
2,335.561
434.528
519.326
21.868
1.677.385
10.235
14.10&994
136.848
377.821
77.989
66.515
616.715
2.713.382
Leornjng d150bility services
PURE
385.841
Deelonds Holl
28.153
3.957
1,080
308,060
484
22.948
1.985.445
10.719
16.55$.838
Adults
her expendlture
Subt¢tJl
1 787.370
309.868
60
14.575.378
1263,852
16.639.229
2.251.844
Chorltoble grtsnts
Dedicgted Heolth ayd Well-
53.093
53.093
Deelonds 5 - 15 Aciivityes
Clorion
661
Digito1150tson &rmingham
Core Homes
15.939
15.939
thgitOSOfion ShropsTryre Care
Homes
4.180
Dlglto'lsotion Dudle￿ Cgre
Homes
8.960
8.960
Hov51ng Flrst
Loclywood Initiolive
New HTrrizon
DA Service
244.581
19.063
244.581
19.063
281.327
281.327
66.013
156.280
66.013
Aespite Rooms
SWEP
162.418
14 630
162.478
14.630
470.451
156.280
37.213
593.926
37.213
593.926
Subtotol
470.431
Tthol
14.845.B08
2.265.B52
17,109.660
14.700.919
2.2SI.844
16,951763
Poge 22

Trident Reoch The People Chority
(A company limlted by guarantee)
Notes to the finoncial stotements
For the year ended 31 Murch 2024
Analysis ot suppgrt ¢ostS
2024
2023
Office running cost5
70.842
284.697
Telethones
130.368
153.005
Photocopying
91.093
58.845
p￿t09e. printing & stotionery
15.592
6.559
Solorie5 of Centrol Teoms
903.300
842.255
Trovel for Cenlrol Teoms
5.672
44.260
ICT
975,188
792.100
Morketlng
138
3.826
Professionol ond legal fees
Totol support costs
83.003
66.302
2,263.852
2,251.847
Net income/(expenditvre)
2024
2023
Net Income Is stoted ofter charging..
Fees poyoble to ihe Chority's ovditor for the oudit of the Chority's onnvol
accounts
7.800
7,800
Depreciotion of tangible fixed ussers
Operoting leose expense
88.730
178,817
152.663
228.879
The Charity hos ioken odvontoge of the exemption not to disclose omounis poid for non-oudit services,
including Internol oudi1 fees. os these ore disc105ed In the coiisolidated occounts of the porent orgonisotioii.
Poge 23

Trident Reach The People Charity
(A company limited by gvorantee}
Notes to the financiol statements
For thè year endèd 31 Morch 2024
Stoff costs
2024
2023
Woges ond so￿orieS
Sociol security costs
Pension contributions
10,815.482
9.499,106
755.567
710,824
249.805
215,020
11.820.854
10.424.950
Agency fees
1.407.709
2.054.891
13.228.563
12.459.841
Stoff cosig include £29,613 In respect of redundoncy (2023. £17.7061 tsfter cerioin controcts come to on end.
The overoge number of persons employed by the Chority during the yeor wos os follows".
2024
2025
No.
No.
Office stoff
18
17
Core ond support
463
486
V.ointenonce
482
505
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60.000
wos".
2024
No.
2023
No.
In the bond £60.001- £70.000
All members of key monogement personnel are remuneroted ihrough rhe poreni orgonisotion. o proponion of
which is rechorged to the Chority ond Inclvded within the rechorges disclosed in note 20.
Trvstees, remuneration and expenses
During the yeor no Trustees received ony remunerotion or other benefits12023 - £NIL).
Ouring the yeor ended 31 Morch 2024. no Trustee expenses hove been incurred (2023 - £NIL).
Pooe 24

Trident Rèoch The Pèople Chority
(A company limited by gvgrantee)
Notes to the flnoncial statements
For the year ended 31 March 2024
10.
Tongible flxed assets
Leasehold
renovutions
Motor
Office Computers
vehicles Furnishings equipmeni & softwore
Totol
Cost
Al l April 2025
44.550
123.926
273.897
16.267
462.340
920.980
Additions
5.927
9.985
13.910
Disposols
08.488)
(10.5821
{28.870)
At 31 March 2024
29.989
123.926
263.515
16.267
472.323 906.020
Deprecitstion
At l April 2023
25.961
123.619
265.898
16.267
266.386
698.131
Charge lor the yeor
On disposals
5.922
121
3.410
79.277
88.730
04.023)
(8.581)
122.604)
At 31 Harch 2024
17.860
123.740
260.727
16.267
345,665
764,257
Net book volve
At 31 Narch 2024
12.129
186
2.788
126.660
141.763
Ai 31 March 2023
18,589
307
7.999
195.954
222,849
Debtors
2024
2023
Trade debtors
1.486.561
1.136.984
Prepoyments ond occrued Income
550.759
1.924 166
2.057.320
3,061.150
Poge 25

TrSdent Reach The People Charity
(A compony limited by guarantee)
Notes to the fingnciol stotement5
For the year ended 31 March 2024
12.
Creditors.. Amounts folling due within one year
2024
2023
Trode creditors
272.419
331.487
Amounts owed to group undertokings
Other taxation ond socitsl security
Other creditors
595.150
378.676
174.324
188.770
37.555
71.310
Accruols ond deferred income
320.195
851,651
1,399.641
1.821.894
Dèferred Income
2024
2023
Deferred Income ot 1 April 2023
Resources deferred during the yeor
Amounts releosed from previoLJS periods
405.518
246.319
18.572
405,S18
(405.518)
(246,3191
Deferred income at 31 Mgrch 2024
18.572
405.518
Deferred income comprises omounts Invoiced undei" service conirocts reloring io ¢Jelivery In ihe following year.
Poge 26

Trident Reach The People Charity
(A company limited by guarontee}
Notes to the financial stgtementS
For the uear ended 31 Morch 2024
15.
Statement of funds
statement of funds - current year
Balance ot 1
Aprll 2025
Tronsfers Bulonce at 31
in/(out)
Morch 2024
Income
ExpenditvrÈ
Unrestrlcted funds
Generol funcjs
2.049.513
16.781.391
(16.639.229)
169.501
2.361.176
Restricted funds
Digiiolisation progromme-
Birmifjghom
Digitolisc>lion progromme-
Shropshire
31.807
{15.939)
15.868
4.950
(4.180)
770
DigiioIIsoiion progromme-
Dudley
8.960
(8,960)
Deelon05
9.992
(661)
9.351
Housing Firsr
Lodywood Initiative
Personolisotion
218.668
{2M.581)
25.913
19.065
09.063)
138.166
138.166
Respite l'ooms
SWEP
357,832
(162.418)
095.414)
14.629
04.629)
391.524
412.543
(470.451)
(169.501)
164.135
Totol of funds
2.441.037
17.195.934
07.109.660)
2.525.311
Purpose of restricted fvnds
Housing First - Support ond accommodotion for people with svbsionce obuse
Ladywood Initiotive - Community projects.
Respite Rooms - Support & occommodotion for people experiencing domestic abuse.
SWEP - Severe weother emergency occommodcjtion ond support.
Poge 27

Trident Reach Thè People Chorlty
(A company limited by gvarantee)
N¢tes to the finaneiol statements
For thè year Ènded 31 Murch 2024
13.
Statement of funds (contlnued)
Statement of funds - prior year
Balance at
31 March
2023
Balance at
l April 2022
Tronsfers
in/lout)
Ineome
Expendiiure
Unrestricted funds
Generol fvrnds
1.819.062
16.065,122
116.358.836)
524.165
2,049.513
Restritted funds
Big Lotiery - Skills Hub
Children in Need
76.238
(76.238)
78.342
178.342)
Derbyshire - DLCG
Night Ouireoch
New Horizon
99.755
199.755)
{51.461)
51461
6,858
(66 013>
{281.32
S9155
Housing First
Lodywood Initioiive
Respite rooms
3186
450,121
{151.980)
19.063
19.063
514.112
(156,280)
{37.213)
357832
SWEP
14.629
37.213
14.629
WMCA
67.143
(67.145)
Other restricted funds
148 709
048 709)
565.384
944,253
(540.8331
1577.260)
391.524
Total of funds
2,384.446
17.009.355
{16.899.669)
(53.095)
2.441.037
Poge 28

Trident Reoch The People Churity
(A company limited by guorontèe)
Note5 to the flnanciol stotement5
For the yèar ended 51 March 2024
13.
St(rtement of funds (continued)
Purpose of restricted funds
Big Lottery Skills Hub - Facilitating occess io Employment. Educotion and Troining Opportunities io Homeless
Adulis.
Children in Need. Derbyshire DLCG & New Hor120n - Domestic Violence.
Night Outreoch Outreoch for rough sleepers
Housing First. Lodywood Initiotive. Re5Plte Rooms & SWEP - See curreiit yeor.
WMCA
Night support for people with complex needs. Ovtreoch for rough sleepers and support oncl
occommodation lor people with no recourse to public funding
14.
Analysis of nèt assets betweèn funds
Analysis of net Qsset5 betwèen funds - cvrrent period
Unrestrlrted
funds
2024
Restricted
funds
2024
Total
fvnds
2024
Ton9ible fixed 055et5
Current ossets
141.763
141,763
3,619.054
164.135
3.783.189
Creditors due wi1hin oiie yeor
{1,399.641)
(1.399.641)
Total
2,361,176
164 135
2.525.311
Anolysls of net assets between funds- prlor perlod
Unrestrirted
funds
2023
Restrlcted
funds
2023
Total
fvnds
2023
Tongible fixed ussets
Current ossets
222.849
222,849
3.648.558
391.524
4.040,OB2
Creditors due within one yeor
(1.821.894)
(1.821,894)
Total
2.049.513
391.524
2,441,037
Poge 29

Trident Reoch The People Chorlty
(A company limlted by guarantee)
Notes to the finonclol stotements
For the yeor ended 37 March 2024
15.
Reconciliotion of nèt movèment in funds to nèt cosh flow from operating ottivlties
2024
2025
Net income for the period (os per Stotement of Finonciol Acrivities)
84,274
56.591
Adjustmènts for..
Depreciotion chorges
Loss on the sole of fixed ossets
88.632
178.814
6.354
8.595
Decrease/{increose) in debiors
{Decreose)/increose In creditors
Bonk 1nteres1 received
1.008.287
(1,758.071)
(406.700)
431.521
(13.659)
Net cash provided by/(used In) operating artivittes
767.188
(1.082.550)
16.
Anolysis of cosh ond cash equivolents
2024
2023
Cosh ot bonk and In hond
1.745.869
978.952
Totol cash and ctssh èqulvolents
1.745.869
978.932
17.
Anolysls of chonges in net debt
At 1 April
2023
At 31 March
2024
Cash flows
Cosh at bank ond In hond
978.932
766.937
1.745.869
Poge 30

Trident Reach The Pèople Charlty
(A compony limited by gvorantee)
Notes to the finoncial statements
For the year ended 51 Morch 2024
18.
Pension commitment5
The chority opefotes defined contribution pension plan5 lor its employees. The osseis ol the schemes ore held
separotely from those of ;he chority In an Independently odministered fund. The amount recognised as on
expense In the period wos £249.80512025. £215.020). Conlribulions totolling £44 41712025". £36,504) were poyoble
to the schemes ot the bolonce sheet dote ond ore ip,cluded In creditors..
19.
Operating lease tommitments
At 31 Morch 2024 the Charity hod commitments to moke fulure min.imum leose payments under non-
cancelloble operoting leoses as follows.
2024
2023
No; loter th(Jn 1 yeor
Later thon 1 yeor ond not later thon 5 years
Loter ihan 5 yeors
166.601
152,663
454,68
482.395
23.486
25.993
644.775
661.049
20.
Related party transactlons
There ore no reloteol porty transoctions orher thon those wilh other componies within *he Trideni Group.
Rechargès
Trident Reach ihe People Charity to Trident Housing Associoiion Limited.
2024
2023
Intra-group trunsoction
Allocotion bosls
Employment costs of siofl at housing schemes Payroll cosis ol scheme stoff
349 000
349 000
465 234
465 234
Poge 31

Trident Reoch The People Charity
(A compony limStèd by guorantee)
Notes to the finunclal statements
For the year ended 31 March 2024
Recharges (continued)
Trident Housing Associotion to Tndent Reach the People Charity.
2024
2023
Intro-group trons¢Jrtion
Allocation basis
Rechorge of rent on core homes
Oepreciation of assets
Rent ogregment
% depreciotion costs
195 781
195,781
103,791
75,000
Emploumeni costs of Executive ond Centrol
Services
% poyroll costs
Direct cost ollocotion
611569
529.855
Office overheods
2,834
113.068
Vehicle costs
Direct C05t ollocotion
838
43 432
ICT Systems
Audit and Insuronce brokeroge
Stolf numbers
615.770
613.000
Direct cost ollocotion
1570 879
1632 136
At the bolonce sheet dote. £595.150 wos owin9 from the chority to Trident Housing Associotion Limited 12023".
£378.676). The bolonce is Unsecured. interest free. hos no fixed date of repoyment tsnd Is repoyoble on demond.
21.
Controlling porty
At 31 Morch 2024 the immediote und uitimote porent undertoking is Trident Housing Associotion Limited. o
Reglstered Sociol Londlo.d with choritoble objectives incorporoted under the Co-operative and Comrr,unity
Benefit Societies Act 2014 ond on exempt charity Copies of ihe Iinonciol stoiements for Trident Housing
Associotion Limited con be obtained from its regisiered office. 12 Foirlie House. Trident Close. Erding'.on,
Birmlnghom. B25 5TB.
22.
Amounts held as custodian trvstee
At 31 March 2024. the choirty held funds of £134.318 (2023". £333.2881 on beholl of clients OS Custodian trustee.
This omounts ore held in sepuroie bonk occounts ond ctre not Included in the Chority's bolonce sheet.
Poge 32