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2025-03-31-accounts

Registered number: 06761385 Charity number: 1129187

Trident Reach The People Charity

Trustees' Report and Financial Statements

For the year ended 31 March 2025

Trident Reach The People Charity

(A company limited by guarantee)

Contents

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1 - 2
Trustees' Report 3 - 9
Independent Auditors' Report on the Financial Statements 10 - 13
Statement of Financial Activities 14
Balance Sheet 15
Statement of Cash Flows 16
Notes to the Financial Statements 17 - 34

Trident Reach The People Charity

(A company limited by guarantee)

Reference and Administrative Details of the Charity, its Trustees and Advisers For the year ended 31 March 2025

Trustees Brian Carr,Chair
Yasmin Fearon(resigned 24 June 2024)
Stephen Gabriel(resigned 24 June 2024)
Chris Handy
Simon Hatchman
Paul Hayward
Bal Kaur
Patrick McCarthy (resigned 24 June 2024)
Nicholas Murphy
Jamie Whitmore
David Harris
Helen Litherland
Gareth Price
Nigel Wilson
AmandeepGill-Knobbs(appointed 24 June 2024)
Mohammed Jaffer MushtaqIsmail(appointed 24 June 2024)
San TingGilmartin(appointed 24 June 2024)
Wayne Squire(appointed 9 September 2024)
Company registered
number
06761385
Charity registered number
1129187
Registered office
12 Fairlie House
Trident Close
Erdington
Birmingham
B23 5TB
Administrative office
239 Holliday Street
Birmingham
B1 1SJ
Company secretary
David Harris
Senior management team
Nigel Wilson, CEO
David Harris
Helen Litherland
Gareth Price
Wayne Squire

Page 1

Trident Reach The People Charity

(A company limited by guarantee)

Reference and Administrative Details of the Charity, its Trustees and Advisers (continued) For the year ended 31 March 2025

Independent auditors Dains Audit Limited 2 Chamberlain Square Paradise Birmingham B3 3AX Bankers National Westminster Bank 1 St Phillips Place Birmingham B3 2PT

Page 2

Trident Reach The People Charity

(A company limited by guarantee)

Trustees' report

For the year ended 31 March 2025

The Trustees present their annual report together with the audited financial statements of the Trident Reach The People Charity for the year 1 April 2024 to 31 March 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Structure, governance and management

Constitution

Trident Reach The People Charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association signed 20 November 2008.

Methods of appointment or election of Trustees

The board of Trustees are appointed after a rigorous recruitment process which involves a formal induction programme. Trustees are selected 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.

Organisational structure and decision-making policies

Whilst the Board is responsible for the overall strategy and policy of Trident Reach, day-to-day matters are delegated to the Group Chief Executive, who attends all Board meetings. Also in attendance at the Board meetings are the Group Finance Director and the Executive Team.

Trident Reach is a subsidiary of Trident Housing Association Limited (THA), 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 business. It owns no properties but uses a number of THA properties to provide services. The services provided extend across Birmingham, Sandwell, Wolverhampton, Dudley, Coventry, Worcestershire, Warwickshire, South Derbyshire and Shropshire.

The Board of Trustees meet at least four times a year and each board meeting is structured to have themes linked to the corporate calendar and corporate plan, as well as considering specific business that has arisen since the previous meeting. Main themes 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, reviewing the corporate risk register and Safeguarding of our staff and customers.

Page 3

Trident Reach The People Charity

(A company limited by guarantee)

Trustees' report (continued) For the year ended 31 March 2025

Structure, governance and management (continued)

Risk management

The Trustees review and challenge the risk register for the Trident Group and specifically for Trident Reach as a standing item on every meeting agenda. The risk register is maintained by the Executive and supported by operational risk registers that we use to make us aware of any emerging risks across the business.

The current highest Strategic Risks within Trident Reach are:

Financial Risk in Reach is caused by the low margins we see in this sector. However, Reach carries no debt and has built up financial reserves with a good level of headroom against the reserves policy. We have seen the risks highlighted in last year’s accounts report crystalise, resulting in over £500k of redundancy costs and other significant restructuring costs which have created the deficit reported. Headwinds remain with additional costs in Trident Reach and many other care and support providers due to Living Wage and National Insurance increases which have not been factored into Local Authority care fees in all cases.

However, Trident Reach has won long term contracts during the year which will underpin the viability and sustainability of the charity in the longer term.

Governance risks are multi-faceted within Trident Reach and impacted by Trident Housing’s Governance rating with the Regulator of Social Housing as well as the Charities Commission and Care Quality Commission.

Health and Safety of our Colleagues and Services Users will always remain a priority and we have excellent safeguarding procedures in place to manage this.

All of our strategic risks are measured by KPIs which will give us an Early Warning of a risk materialising or subsiding. In our business planning we run numerous stress tests and multi-variant tests to ensure the Trident Group and its subsidiaries are financial strong.

Page 4

Trident Reach The People Charity

(A company limited by guarantee)

Trustees' report (continued)

For the year ended 31 March 2025

Objectives and activities

Objectives

The key objectives of the charity given in the Memorandum of Association are:

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Our Vision

Trident Reach the People Charity is a people first organisation working in partnership to maximise positivity, independence, and participation. As part of the Trident Group, we are a beacon of hope for our communities.

Our Aims

To support people and communities to:

Page 5

Trident Reach The People Charity

(A company limited by guarantee)

Trustees' report (continued) For the year ended 31 March 2025

Achievements and performance

Performance in the period

In delivering a deficit in 2024/25, Trident Reach has utilised 100% of its turnover on the vital services we deliver across our communities. Through challenging times, Trident Reach has remained a Beacon of Hope for the communities and customers we serve.

A new Chief Executive has successfully been appointed to take us through a new strategic plan. Our ethos will remain anchored in housing, care and support. Our new Strategic plan has four key objectives.

Trident Reach has delivered care and support activity to 8,000 customers during the year covering a wide geography in 15 Local Authorities across the West and East Midlands, servicing a number of needs including homelessness, care homes and housing and care for people with learning disabilities.

Page 6

Trident Reach The People Charity

(A company limited by guarantee)

Trustees' report (continued) For the year ended 31 March 2025

Financial review

Review of the year

Trident Reach has posted a deficit for the financial year of £1,325k (2024: surplus of £84k). This includes significant oneoff costs for restructuring staff and services in light of changing contracts with Birmingham City Council. With multi-year contracts now won, Trident Reach is in a strong position to return back to surplus.

Total reserves for the charity at 31 of March 2025 are £1.2m (2024: £2.5m) with £1.2m being unrestricted (2024: £2.3m) and £2k restricted (2024: £164k). Much of the reserves at 31 March 2025 are held in cash resources of £512k (2024: £1.7m) and the charity has no debt in place.

The Trustees have reviewed the risks of the charity, especially in the light of the transitional year we have worked through. Contracts that are no longer viable are being renegotiated with Local Authorities or being terminated. Trident, like other care and support providers are adversely impacted by Government decisions to increase costs of employment. Although we are proud to pay the Living Wage, increases are not always matched by care income increases. The volatility seen in 2024/25 will not be repeated and we expect a return to surplus in the new year.

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.

Going concern

The draft statutory accounts 2024/25 show a deficit of £1.3m which includes one offs due to workforce restructuring as a result of the change of contract terms. The budget for 2025/26 is showing a surplus of £80k which has a contingency built in to mitigate potential unknown costs. We are confident of meeting this budget position.

Trident Reach had cash of £0.5m and unrestricted reserves of £1.2m as at 31 March 2025 which gives us headroom against our reserves policy. Reach has no debt and therefore no loan covenants to meet.

We work to a set of Golden Rules for Trident Reach ensure that new projects meet a 9% profit margin (after all overheads). We also ensure that Reach is not more than 50% of the Trident Group (currently running at 40%).

Reserves policy

The Trustees regularly review free reserves to ensure there are adequate funds to support the activities that Trident Reach undertakes and to meet financial commitments as they become due. The trustees consider that unrestricted reserves should be at a level to cover at least the total staffing closure cost of Trident Reach.

Fundraising

Trident Reach received donations of £58,422 (2024: £2,490). There is no dedicated fundraising team and professional fundraisers are not used. Given the low relative value of donations from third parties the charity is not registered with the Fundraising Regulator. The charity has policies in place to ensure compliance with best fundraising practice which prohibit persistent approaches and undue pressure to give.

Page 7

(A company limited by guarantee)

Trident Reach The People Charity

Trustees' report (continued) For the year ended 31 March 2025

Funds held as custodian

At 31 March 2025, the charity held funds of £42,667 (2024: £134,318) on behalf of clients as custodian trustee. This amounts are held in separate bank accounts and are not included in the Charity's balance sheet.

Members' liability

The Members of the Charity guarantee to contribute an amount not exceeding £1 to the assets of the Charity in the event of winding up.

Plans for the future

We are reviewing all contracts and where they are not viable we are renegotiating or terminating contracts with Local Authorities. We are also looking to grow in areas that meet the requirements of our new Care Strategy which will be reviewed by Board early in 2025.

As demands on the care and support sector rise, we are steadfast in our desire to remain proactive in being a service provider for all sections of our communities. We are keen to continue to work in all of our existing local authorities, however we will need to ensure this is beneficial for all parties.

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.

Page 8

Trident Reach The People Charity

(A company limited by guarantee)

Trustees' report (continued)

For the year ended 31 March 2025

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Auditors

The auditors, Dains Audit Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Brian Carr

Chair

Date: 22 September 2025

Page 9

Trident Reach The People Charity

(A company limited by guarantee)

Independent Auditors' Report to the Members of Trident Reach The People Charity

Opinion

We have audited the financial statements of Trident Reach The People Charity (the 'charity') for the year ended 31 March 2025 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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 the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 10

Trident Reach The People Charity

(A company limited by guarantee)

Independent Auditors' Report to the Members of Trident Reach The People Charity (continued)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our 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 respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Page 11

Trident Reach The People Charity

(A company limited by guarantee)

Independent Auditors' Report to the Members of Trident Reach The People Charity (continued)

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

Page 12

Trident Reach The People Charity

(A company limited by guarantee)

Independent Auditors' Report to the Members of Trident Reach The People Charity (continued)

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Morris (Senior statutory auditor)

for and on behalf of

Dains Audit Limited

Statutory Auditor Chartered Accountants

Birmingham

Date: 22 September 2025

Page 13

Trident Reach The People Charity

(A company limited by guarantee)

Statement of financial activities (incorporating income and expenditure account) For the year ended 31 March 2025

Note
Income from:
Donations and legacies
Charitable activities
4
Investments
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
13
Net movement in funds
Total funds carried forward
13		 Unrestricted
funds
2025
£
58,422
16,246,427
18,265
16,323,114
17,486,672
17,486,672
(1,163,558)
2,361,176
(1,163,558)
1,197,618		 Restricted
funds
2025
£
-
230,489
-
230,489
392,402
392,402
(161,913)
164,135
(161,913)
2,222		 Total
funds
2025
£
58,422
16,476,916
18,265
16,553,603
17,879,074
17,879,074
(1,325,471)
2,525,311
(1,325,471)
1,199,840		 Total
funds
2024
£
2,490
17,177,785
13,659
17,193,934
17,109,660
17,109,660
84,274
2,441,037
84,274
2,525,311

The notes on pages 17 to 34 form part of these financial statements.

Page 14

Trident Reach The People Charity

(A company limited by guarantee) Registered number: 06761385

Balance sheet As at 31 March 2025

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one year
12
Net current assets
Total net assets
Charity funds
Restricted funds
13
Unrestricted funds
13
Total funds		 1,284,355
511,850
1,796,205
(702,500)		 2025
£
106,135
2,037,320
1,745,869
3,783,189
(1,399,641)
1,093,705
1,199,840
2,222
1,197,618
1,199,840		 2024
£
141,763
2,383,548
2,525,311
164,135
2,361,176
2,525,311

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

_________

Brian Carr

Chair

Date: 22 September 2025

The notes on pages 17 to 34 form part of these financial statements.

Page 15

Trident Reach The People Charity

(A company limited by guarantee)

Statement of cash flows

For the year ended 31 March 2025

Note
Cash flows from operating activities
Net cash used in operating activities
15
Cash flows from investing activities
Bank interest received
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
16		 2025
£
(1,224,524)
18,265
8,510
(36,270)
(9,495)
(1,234,019)
1,745,869
511,850		 2024
£
767,188
13,659
-
(13,910)
(251)
766,937
978,932
1,745,869

The notes on pages 17 to 34 form part of these financial statements

Page 16

Trident Reach The People Charity

Notes to the financial statements For the year ended 31 March 2025

(A company limited by guarantee)

1. General information

The company is incorporated in England and Wales under the Companies Act 2006 and is registered as a charity with the Charity Commission. The address of the registered office is given on page 1. The principal activities of the company are set out within the Trustees' report on page 5. The company is limited by guarantee. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Trident Reach The People Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The draft statutory accounts 2024/25 show a deficit of £1.3m which includes one offs due to workforce restructuring as a result of the change of contract terms. The budget for 2025/26 is showing a surplus of £80k which has a contingency built in to mitigate potential unknown costs. We are confident of meeting this budget position.

Trident Reach had cash of £0.5m and unrestricted reserves of £1.2m as at 31 March 2025 which gives us headroom against our reserves policy. Reach has no debt and therefore no loan covenants to meet.

We work to a set of Golden Rules for Trident Reach ensure that new projects meet a 9% profit margin (after all overheads). We also ensure that Reach is not more than 50% of the Trident Group (currently running at 40%).

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Page 17

Trident Reach The People Charity

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

2. Accounting policies (continued)

2.3 Income

All income is included in the Statement of Financial Activities (SoFA) when the charitable company is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income from donations represents donations and fund-raising activity for individual specified projects supported by the charitable company. Income for charitable activities represents contracts held with third parties, for the delivery of a range of care and support services, and grants for charitable activities that relate to specific funds which allow the charitable company to provide "value added" activities in connection with main contracts.

Revenue from a contract to provide services is recognised in the period in which services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

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

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.4 Expenditure

All expenditure is accounted for on an accruals basis and has been classified under theheading that aggregates all costs related to that category. In addition, appropriate apportionment of support and management costs is charged to give a full cost of running each service. Governance costs include the costs of governance arrangements, which relate to the general running of the charitable company. All expenditure is inclusive of irrecoverable VAT.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Page 18

Trident Reach The People Charity

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

2. Accounting policies (continued)

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.7 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is calculated to write off the cost less residual value of fixed assets on a straight line over their estimated lives as follows:

Leasehold renovations - 5 - 10 years or over the remaining life of the lease
Motor vehicles - 5 years
Furnishings - 5 - 7 years
Office furniture - 5 - 7 years
Computer & software - 3 - 10 years

2.8 Debtors

All debtors are short term and are measured at transaction price, less any impairment.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 19

Trident Reach The People Charity

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

2. Accounting policies (continued)

2.10 Creditors

All creditors are short term and are measured at transaction price.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.11 Operating leases

Rentals paid under operating leases are charged to the Statement of financial activities on a straight-line basis over the lease term.

2.12 Pensions

Short term employee benefits and contributions to defined contribution pension plans are recognised as an expense in the period in which they are incurred.

2.13 Financial instruments

Trident Reach has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at the present value of future cash flows (amortised cost). Financial assets held at amortised cost comprise short-term cash deposits and the charity's debtors excluding prepayments. Financial liabilities held at amortised cost comprise the charity's short and long-term creditors excluding deferred income and taxation payable. Financial liabilities held at fair value comprise the charity's provisions. No discounting has been applied on the basis that the periods over which amounts will be settled are such that any discounting would be immaterial.

2.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Most of the current funding is in the form of service contracts, all of which carry specific service targets, but also allow for contributions to central administration costs and the generation of small surpluses to be freely applied, therefore are treatable as unrestricted funds.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes.

Page 20

Trident Reach The People Charity

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

3. Critical accounting estimates and areas of judgment

In the application of the charity's accounting policies, which are described in note 2, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may be different from these estimates.

Critical accounting estimates and assumptions:

Tangible fixed assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing the asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual values consider such things as future market conditions, the remaining life of the asset and projected disposal values.

Page 21

Trident Reach The People Charity

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 March 2025

4. Income from charitable activities

Charitable grants
Deelands 5 - 15 Activities Clarion
Digitalisation Birmingham Care Homes
Digitalisation Shropshire Care Homes
Digitalisation Dudley Care Homes
Glasspool
Housing First
PURE Personalisation
Rough Sleeping Accommodation
Charitable services
Residential Care services
Domiciliary Care services
Floating Support
Mental Health services
Young People services
Older People services
Domestic abuse services
Homeless services
Learning Disability Services
Homeless / LD combined
PURE
Deelands Hall
Adult services
Other Income		 Unrestricted Restricted
Total
funds
funds
funds
2025
2025
2025
£
£
£
-
13,538
13,538
-
3,534
3,534
-
-
-
-
1,120
1,120
-
37,500
37,500
-
-
-
-
118,962
118,962
-
55,835
55,835
-
230,489
230,489
5,498,284
-
5,498,284
1,957,074
-
1,957,074
190,798
-
190,798
713,713
-
713,713
1,143,333
-
1,143,333
72,251
-
72,251
575,059
-
575,059
2,113,633
-
2,113,633
653,448
-
653,448
314,694
-
314,694
859,994
-
859,994
2,712
-
2,712
2,148,711
-
2,148,711
2,722
-
2,722
16,246,427
-
16,246,427
16,246,427
230,489
16,476,916

Page 22

Trident Reach The People Charity

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 March 2025

5. Analysis of expenditure on charitable activities

Charitable grants
Deelands 5 - 15 Activities Clarion
Digitalisation Birmingham Care Homes
Digitasation Shropshire Care Homes
Digitalisation Dudley Care Homes
Glasspool grants
Housing First
Ladywood Initiative
PURE Personalisation
Respite Rooms
Rough Sleeping Accommodation
SWEP
Charitable services
Residential Care services
Domiciliary Care services
Floating Support
Mental Health services
Young People services
Older People services
Domestic Violence services
Homeless services
Learning Disability Services
Homeless / LD combined
PURE
Deelands Hall
Adults
Other expenditure		 Direct costsSupport costs
Total
Direct costs Support costs
Total
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
20,647
-
20,647
661
-
661
19,402
-
19,402
15,939
-
15,939
770
-
770
4,180
-
4,180
1,120
-
1,120
8,960
-
8,960
37,500
-
37,500
-
-
-
-
-
-
244,581
-
244,581
-
-
-
19,063
-
19,063
118,962
-
118,962
-
-
-
-
-
-
162,418
-
162,418
194,001
-
194,001
-
-
-
-
-
-
14,630
-
14,630
392,402
-
392,402
470,431
-
470,431
5,470,421
1,058,102
6,528,524
5,554,887
744,581
6,299,466
1,987,980
376,624
2,364,603
1,819,519
227,594
2,047,113
95,690
36,718
132,407
-
-
-
671,713
137,349
809,061
793,539
118,225
911,764
904,293
220,026
1,124,319
1,103,854
223,826
1,327,680
52,205
13,904
66,109
45,811
9,456
55,266
404,053
110,666
514,719
448,271
94,976
543,247
1,922,475
406,752
2,329,227
2,078,596
388,963
2,467,557
532,083
125,751
657,834
464,272
93,305
557,577
197,588
60,561
258,148
-
-
-
458,809
165,499
624,309
251,110
49,040
300,150
7,190
522
7,712
28,153
3,957
32,110
1,639,190
413,503
2,052,693
1,787,370
309,868
2,097,238
16,483
523
17,006
-
60
60
14,360,172
3,126,500
17,486,672
14,375,380
2,263,852
16,639,229
14,752,574
3,126,500
17,879,074
14,845,811
2,263,852
17,109,660

Page 23

Trident Reach The People Charity

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

6. Analysis of support costs

Office running costs
Telephones
Photocopying
Postage, Printing, Stationery
Salaries of Central Teams
Travel for Central Teams
ICT
Marketing
Professional & Legal Fees		 2025
2024
£
£
114,858
70,842
143,719
130,368
81,974
91,093
-
15,592
1,545,077
903,300
32,612
5,672
-
1,080,581
975,188
-
138
127,680
83,003
3,126,500
2,263,852

7. Net income/(expenditure)

2025 2024
£ £
Net expenditure is stated after charging:
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts 8,580 7,800
Depreciation of tangible fixed assets 69,388 88,730
Operating lease expense 48,893 152,663

The Charity has taken advantage of the exemption not to disclose amounts paid for non-audit services, including internal audit fees, as these are disclosed in the consolidated accounts of the parent organisation.

Page 24

Trident Reach The People Charity

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 March 2025

8. Staff costs

Wages and salaries
Social security costs
Pension contributions
Agency fees		 2025
£
10,815,482
875,084
261,435
11,952,001
1,407,709
13,359,710		 2024
£
9,499,106
755,567
249,805
10,504,478
2,034,891
12,539,369

Staff costs include £578,388 in respect of statutory redundancy (2024: £29,613) after certain contracts came to an end.

The average number of persons employed by the Charity during the year was as follows:

Office staff
Care and support
Maintenance		 2025
No.
20
464
1
485		 2024
No.
18
463
1
482

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2025 2024
No. No.
In the band £60,001 - £70,000 2 1

All members of key management personnel are remunerated through the parent organisation, a proportion of which is recharged to the Charity and included within the recharges disclosed in note 20.

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).

Page 25

Trident Reach The People Charity

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 March 2025

10. Tangible fixed assets

Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
On disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Leasehold
renovations
£
29,989
-
(3,604)
26,385
17,860
3,811
(2,502)
19,169
7,216
12,129		 Motor
vehicles
£
123,926
-
(88,871)
35,055
123,740
121
(88,871)
34,990
65
186		 Furnishings
£
263,515
4,496
(68,891)
199,120
260,727
2,393
(68,624)
194,496
4,624
2,788		 Office
equipment
£
16,267
-
(14,829)
1,438
16,267
-
(14,829)
1,438
-
-		 Computers
& software
£
472,323
31,774
(8,241)
495,856
345,663
63,063
(7,100)
401,626
94,230
126,660		 Total
£
906,020
36,270
(184,436)
757,854
764,257
69,388
(181,926)
651,719
106,135
141,763

11. Debtors

Trade debtors
Prepayments and accrued income		 2025
£
454,644
829,711
1,284,355		 2024
£
1,486,561
550,759
2,037,320

Page 26

Trident Reach The People Charity

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 March 2025

12. Creditors: Amounts falling due within one year

Trade creditors
Amounts owed to group undertakings
Other taxation and social security
Other creditors
Accruals and deferred income		 2025
£
56,606
295,932
152,551
39,511
157,900
702,500		 2024
£
272,419
595,150
174,324
37,553
320,195
1,399,641

Deferred income

Deferred income at 1 April 2024
Resources deferred during the year
Amounts released from previous periods
Deferred income at 31 March 2025		 2025
£
18,572
2,526
(18,572)
2,526		 2024
£
405,518
18,572
(405,518)
18,572

Deferred income comprises amounts invoiced under service contracts relating to delivery in the following year.

Page 27

Trident Reach The People Charity

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 March 2025

13. Statement of funds

Statement of funds - current year

Unrestricted funds
General funds
Restricted funds
Digitalisation programme - Birmingham
Digitalisation programme - Shropshire
Digitalisation programme - Dudley
Deelands Hall
PURE Personalisation
Rough Sleepers Personalisation
Glasspool
Total of funds		 Balance at 1
April 2024
£
2,361,176
15,868
770
-
9,331
-
138,166
-
164,135
2,525,311		 Income
£
16,323,114
3,534
-
1,120
13,538
118,962
55,835
37,500
230,489
16,553,603		 Expenditure
£
(17,486,672)
(19,402)
(770)
(1,120)
(20,647)
(118,962)
(194,001)
(37,500)
(392,402)
(17,879,074)		 Balance at 31
March 2025
£
1,197,618
-
-
-
2,222
-
-
-
2,222
1,199,840

Page 28

Trident Reach The People Charity

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 March 2025

13.
Statement of funds (continued)
Statement of funds - prior year
Unrestricted funds
General funds
Restricted funds
Digitalisation programme -
Birmingham
Digitalisation programme -
Shropshire
Digitalisation programme -
Dudley
Deelands Hall
Housing First
Ladywood Initiative
PURE Personalisation
Respite rooms
SWEP
Total of funds		 Balance at
1 April 2023
£
2,049,513
-
-
-
-
-
19,063
-
357,832
14,629
391,524
2,441,037		 Income
£
16,781,391
31,807
4,950
8,960
9,992
218,668
-
138,166
-
-
412,543
17,193,934		 Expenditure
£
(16,639,229)
(15,939)
(4,180)
(8,960)
(661)
(244,581)
(19,063)
-
(162,418)
(14,629)
(470,431)
(17,109,660)		 Transfers
in/(out)
£
169,501
-
-
-
-
25,913
-
-
(195,414)
-
(169,501)
-		 Balance at
31 March
2024
£
2,361,176
15,868
770
-
9,331
-
-
138,166
-
-
164,135
2,525,311

Page 29

Trident Reach The People Charity

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 March 2025

13. Statement of funds (continued)

Purpose of restricted funds

Digitalisation – Programmes aimed at improving digital inclusion in various communities.

Deelands Hall – Community centre in Rubery, Birmingham.

Housing First – Support and accommodation for people with substance abuse.

Ladywood Initiative – Community projects.

Respite Rooms – Support & accommodation for people experiencing domestic abuse.

SWEP – Severe weather emergency accommodation and support.

Personalisation – Tailored services targeted at individuals experiencing homelessness.

Glasspool – Funding from Glasspool Charity Trust (Flexible Frontline Fund) aimed at increasing financial wellbeing and reducing financial distress for individuals living in financial hardship.

Page 30

Trident Reach The People Charity

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 March 2025

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total
Analysis of net assets between funds - prior year
Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2025
£
106,135
1,793,983
(702,500)
1,197,618
Unrestricted
funds
2024
£
141,763
3,619,054
(1,399,641)
2,361,176		 Restricted
funds
2025
£
-
2,222
-
2,222
Restricted
funds
2024
£
-
164,135
-
164,135		 Total
funds
2025
£
106,135
1,796,205
(702,500)
1,199,840
Total
funds
2024
£
141,763
3,783,189
(1,399,641)
2,525,311

Page 31

Trident Reach The People Charity

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 March 2025

15. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
(Profit)/loss on the sale of fixed assets
Decrease in debtors
Decrease in creditors
Bank interest received
Net cash provided by/(used in) operating activities
16.
Analysis of cash and cash equivalents
Cash at bank and in hand
Total cash and cash equivalents
17.
Analysis of changes in net debt
At 1 April
2024
£
Cash at bank and in hand
1,745,869		 2025
£
(1,325,471)
69,388
(6,000)
752,965
(697,141)
(18,265)
(1,224,524)
2025
£
511,850
511,850
Cash flows
£
(1,234,019)		 2024
£
84,274
88,632
6,354
1,008,287
(406,700)
(13,659)
767,188
2024
£
1,745,869
1,745,869
At 31 March
2025
£
511,850

Page 32

Trident Reach The People Charity

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

18. Pension commitments

The charity operates defined contribution pension plans for its employees. The assets of the schemes are held separately from those of the charity in an independently administered fund. The amount recognised as an expense in the period was £261,435 (2024: £249,805). Contributions totalling £40,464 (2024: £44,417) were payable to the schemes at the balance sheet date and are included in creditors.

19. Operating lease commitments

At 31 March 2025 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years		 2025
£
26,970
12,756
20,986
60,712		 2024
£
166,601
454,688
23,486
644,775

20. Related party transactions

There are no related party transactions other than those with other companies within the Trident Group.

Page 33

Trident Reach The People Charity

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 March 2025

Recharges - Trident Housing Association to Trident Reach the People Charity

2025 2024
Intra-group transaction
Allocation basis		 £ £
Recharge of rent on care homes
Rent agreement		 195,781 195,781
Depreciation of assets
% depreciation costs		 151,335 103,791
Employment costs of Executive and Central
Services
%payroll costs		 647,185 611,569
Office overheads
Direct cost allocation		 37,192 2,834
Vehicle costs
Direct cost allocation		 - 838
ICT Systems
Staff numbers		 733,187 615,770
Audit and insurance brokerage
Direct cost allocation		 - 40,296
1,764,680 1,570,879

At the balance sheet date, £295,932 was owing from the charity to Trident Housing Association Limited (2024: £595,150). The balance is unsecured, interest free, has no fixed date of repayment and is repayable on demand.

21. Controlling party

At 31 March 2025, the immediate and ultimate parent undertaking is Trident Housing Association Limited, a Registered Social Landlord with charitable objectives incorporated under the Co-operative and Community Benefit Societies Act 2014 and an exempt charity. Copies of the financial statements for Trident Housing Association Limited can be obtained from its registered office: 12 Fairlie House, Trident Close, Erdington, Birmingham, B23 5TB.

22. Amounts held as custodian trustee

At 31 March 2025, the chairty held funds of £42,667 (2024: £134,318) on behalf of clients as custodian trustee. This amounts are held in separate bank accounts and are not included in the Charity's balance sheet.

Page 34