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2021-08-31-accounts

Registered Charity Number: 1134768 {England and Wales) Registered Company Number: 698.5746 Registered Provider Number: 4641 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 FOR CHANGING LIVES HOUSING TRUST (A COMPANY LIMITED BY GUARANTEE)

Changing Live5 Housing Trust FINANCIAL STATEMENfs FOR THE YEAR ENDED 31 AUGUST 2091 CONTENT OF FINANCIAL STATEMENT.S PAGE REFERENCE AND ADMINISTRATIVE DETAILS REPORT or THE TRUSTEES INDEPkNDF.NT AUDITORS, REPORT STATEMENT OF FINANCIAL ACTIVITIES 10 BALANCE SHEET CASH FLOW STATEMENT 12 NOTES TO THF. CASH FLOW S'l'AfEMENT NOTES TO THE FINANCIAL STATEMENTS 14-19 DETAILED STATEMF.N'foF FINANCIAL ACTIVITIES 20

Changing Lives Housing Trust FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 REFERENCE AND ADMINISTIiATIVE DETAILS Trustee land Directors) The Trustees who served during the year were as sei out below.. Danielle Tumler Patricia 5onghurst Wesley Tom Fesius Osawaru Appointed.. l August 2021 Executive Offic¢r Danielle Tumler Registered 2nd Principal Office ?9 Wrottesley Road London SE18 3EW Charity registered number 1134768 Cornpan J. regi5t¢red Number 6985746 Registered provider number 4641 Auditors Tom Carolan & Co. Chartered Accountants 33 Austin Friars Street Co, Westmeath Ireland N91 NRS? Bankers Barclavs Bank PIC 6 Market Place Bexleyheath Kent DA6 7DY Solieitors Wellers Law Group Tenison House Tweedy Road Bromley Keni BR13NF PAGE I

Changing Lives Housing Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 REPORT OFTHE TRUSTEES The trustees present their r¢port and financial statements for the year ended 31 August ?0? I The accounts have been prepared in accordanc¢ wilh th¢ accouniing policies sei our in note I to the accounts and coinply with the cllarity's governing documeni. the Companies Act ?006 and 'AecountinB and Reportin& by Chariiies.. Statement of Recommended Practice applicable to ¢hariliLs preparinbF Ilieir accounts in accordance wilh the Financial Reponing siandard applicable in the UK and Republic of Ireland IFRS 102)" las #mended for aecounting period5 commencing trom ljanuary 2016) ABOUT CHANGING LIVES HOUSING TRUST (CLHT) Chaiigiiig Lives HoLlSlI)g) Triisi is a charity for the hom¢less people providinlt leinporary accoinmoduiiun for hom¢lcss pcople and those faced wilh ihe ihreat ol-beingi Inade honieless. CLHT work clL¥sely wilh the local CLiunLils and r¢lerral a&)encies across the Southca51 of London to reduce ihe problem ol. homelessness in London and the UK. CLHT is determined lo end liom¢lessness. We do 1¢ person by person and by implemei)tiiig policies to ensure everyone has a place io call home. Hoinelessness is devasiaiinb. leavinb people vulnerable and isolated. Cl.} IT prin)ary objLLiive is 10 ensure Ihai we coniinue 10 pn)vide temporary a¢¢ommodation and support n¢¢d¢d to break the ¢ir¢le of homel¢ssn¢ss in Southeast ol- London. Since our inceptioii in 2009. have been able to provide lemporary accummodatioii for over 30001)umeless peoplL dnd sUPPOrted at leasi 50Q/o of them to obrain appropriate trainin¥ to secure a job and Inove on 10 a pemaneni accommodali()n ol'ili¢ir own. Chaiiging LivL5 Hciu%ili￿ Trust providL's aLL(Imi))odati(In aiid .4iippi)rl for people relea￿d froin prison. drug addicls, prustilu1¢5. drunkdrds. and tl)U%L sILeping rou¥h in IhL sireLI ol. Loi)don. ()BJECTIVES AND ACTIVITIES Lhan¥inu Lives Ilousing .1 rust ICLH'I'I ha5 referred io the CharSiy Commlsslon's guldanLe L)n public benefii wheii reviewinbT lis hims and objeciives and in planning 115 future activities. In particular, the Board ol'Trusiees has considered how the charity's activities have and will continue lo deliver Ihe aim5 and obj¢¢tiv¢s ih¢y have set. The V15ion, valu¢5 and obj¢clivcs ofcLH'f a5 ab>reed by the Board ol. I'rustLes arL a5 lollows. VISION -CLI I'l. will end¢avour lo break the cycle of unprecedented homele5snes5 and prevent people from sleeping rough. -CLHT believes ihat the cycle ofstreei homele$5ness in Ino%t ni¢tropoliian cilic5 Ill the UK can be Ininimised in Ihe lifetime ol'this strategy. given the numbcr5 of pcoplc who ar¢ ¢iirrLTrntly 51ecpinbT foLlbh in Ihe couniry. Cl.14'r will rocus its ¢fYorts on preveniinb people Irom endiiig up on the slre¢ls ill the first It15t4Lnce and bweiiinb those who do lind themselves on Ihc streel into accommodation as quickly as possible. CHLT will ensure thal those whu have a history of homele55ness can find a home and are supponed ¢0 keep it. OBJECTIVES Pr()wide teiiipi)rary accomiiicidatioi) for tenants to prcvenl hoin¢lessn¢ss Support leiiaii15 tlirough hard time and help Ih¢m l() get baLk on their feel Guide tLiiaiils wlio n¢ed an extra step towards a b¢ll¢r future Creating a customer-led or¥&iiisalion (rrowin8 our resources and Lapabilities needed to deliver CLHT vision objectives VALUE Those aftected by homelessness have the potential to transfomi iheir lives through support and edu¢ation tg enable Iheim to achieve their aspirations People ai risk ofhomelessne55 have ihe right to expect timely and clear intomiation and support to ensure tliat they do not become homeless Caniinucd... PAGE 2

Changing Lives Housing Tryst FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 REPORT OF THE TRUSTEF.S Everyone has ihe riLihi io live as independently as possible and CLHT will do ¢v¢rythinu p095ible 10 ensure people alyetied by homeles_%ness achi¢v¢ and maintain independent livin Everyone alTecied by hoineles5ness has the ribFht to expeci good siandards of accommodation and CLHT will work io ensure ihat its hollsTrn¥ stock is ofgood quality Everyone using LLHT s¢rvice5 has the risihi 10 have (heir Say in how th¢se 5¢rvices are run and CLHT will work lo ensure that they have a voice in the running and developm¢ni ol'the charity's aciivities CL14T iruslees have paid due regard to guidance issued by ihe Charity Commission in deciding what activities the chariry should undertake THE OPERATING ENVIRONMF.NT Cl.Hl' coniiiiuL% lo sirive to n)eei the needs of its local comiJunities providing a public benefit across lour borottghs. naniely.. Bexley, Croydon, Greenwich and Merton. Most borougFh are expericncinbj an u¢uie shortagie of affordabl¢ hou5in&y and Iliis remains the bi&igTrest challen&1¢ for CL14T in meeiinbi lis objectives. In addition 10 Iliis challeiigie, Ihc Covid-l Y Pandeniic has also placed a Siblnificant pressure on Chan&rinbl l.ives Housing Trust's 5¢rvi¢¢s as there was an increase in thc numbers bving n)dde homeless as a result of the Pand¢mic. CLHT has had to adapt ils accon)modation and services 10 ensure Ih¢y arc 'Covid Safe" and meet the need5 (Trt'ihose fated with homelessness. STRATEGIES RDugli sleep¢rs aiid Il)e homeless have coniplex need5 and f#ee niiilii-disadvantage5. Thosc who CLHT help often have poor phy5iLal andior ni¢ntal health and 51ru&&ile wilh alcohol andlor drub7 depLiidencies. Many have crimiiiul rccurds, low educational attainment leve15 and POOT tLumLracy and litcracy. Individua15 are usually lon¥-tem uneinploy¢d and oft¢n hpve li1￿lIed.1ob skills. Tl)ey are isulaled. ufttn living> on ihe Inargins of society, havinb ltssi coniaci with fri¢nds and faiiiily. 11()Inelesyness is rnrely the rcsuli of 5in)ply havinbi nowhere 10 %lLLP. I-'OT the PLople who us¢ Cl.klT, it lends io be th¢ result ol'Lomplex and often ¢umulAiive events e.¥. job10s5, eviction, addiction. leglvinu an inytitution, abuse or just an inability 10 cope. rhe Cl)arity's siroiLgy lor achi¢vinb Ili15 objective lor lh¢ public beiiefit was.. To reposiiion itsell io Lfl¢¢tively reach ih05e presently within lis duminani demographi¢ and fullil the vision of tlie trust. ACHIEVEMF.NTS AND PF.RFORMANCE FOR THF. PUBLIC BFNEFIT Cl.H r assi%t¥d 351 people durinb Ili¥ yLar who were eiiher hom¢less vr at risk uf becumin¥ horne1¢s5, compared with 334 in 2019120. lil many ways. 2020121 perforrnance is incomparable with Previous year. due 10 Ilie COVID-19 pandcmic and Il)e eflecl this had i)n homelessness nationally, ￿h1¢h was seen equally acro%$ several borouglis in Londoij. Despite ¢h¢ impact of COVI D-19, CLFII. experienced 51ighi ￿rOwi1) in 115 op¢rali()iis in thL curr¢ni year as oiiipar¢d to the previous year. In thL 20?0121, CLHT was abl¢ 10 increase lis hou5in¥ units and number of homeless people accommodated &cross four borough thus: Accominodaiion rovidld 1•9 1?5 London Bexle Council 14 Accoiniiiodalion rovided 83 Coniinued... PAGE 3

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

Changing Lives Housing Trust

REPORT OF THE TRUSTEES

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Accommodation rovided 108
Accommodation rovided 35
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CLHT currently operates in four London boroughs namely; Greenwich, Bexley, Croydon and Merton.

In 2021 Changing Lives Housing Trust in attempt to help the homeless during the Covid-19 increased its 24/7 projects and this in turn increased our spending on concierge (tenants' welfare) significantly to be able to provide intensive floating support during the COVID pandemic.

Inclusion into the mainstream and tenants' engagements

CLHT supported tenants to move to a private rented accommodations

Other achievements in 2020/21

CLHT helped tenants into private rented accommodations and helped in specific tenants in Croydon to take place in the fast-track project to help them to get council accommodation. Some tenants have been positively moved on into independent rented accommodations.

ACCOMMODATION

CLHT's accommodation has been sources through a selection of private landlord and estate agents which meet the needs of CLHT's tenants in tem1s of living standards and location. CLHT's property stock is split between referrals f[r] om other organisations and the local government.

CLHT housing stock is a mixture of self-contained and individual rooms in a shared accommodation which is used for the homeless and rough sleepers.

The charity currently provides an affordable accommodation to clients in The Royal Borough of Greenwich, Croydon Council, Bexley Council and Merton Council.

FLNANCIAL REVIEW

Principal funding sources

The Charity's principal funding source is largely from rent by the local councils and weekly service charge by tenants.

Continued ...

PAGE4

Changing Lives Housing Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 REPORT OF THE TRUSTEES Investment policy and Objecti￿£5 The trustees are of the opinion that the performance of the charity from a financial standpoini is in line with their expectations and plans for the charity. Reserves policy As ai 31 sl August ?021, the level of res¢rve5 available for the Chariiy's use {i.e. unrestricted fuiidsl wa5 GBP 814.799 These re%erves are held to ensure that CLFIT can meer our commitments to PToviding our services and activiiies. and sta￿l￿g obligations in the eveni of a reduction or absence of fund5 . and to meet some kej services that are capital iniensive e.g. securing more rental uniis. FUTURE PLANS Changing Lives Housing Trust'5 Strat¢g)' is to continue to respond to ihe growing crisis of hoinelessnes5 Ill the South East of London, Surrey and Keni and in particular street homelessness. A key cornponeiit ofcLIIT's siraiegy is to continue to increase the number of homes it can provide. It aims lo do ihis by acquiring propety from private and s￿la1 property owners eÈther through leases. or through outrighi purchase of properties. CLHT is committed to solving homelessness in its area of operaiion and fee15 that this can be best achieved by working in partnership with other homeless organisaiions. CLHT is also committed to ¢nsurin8 that everyone h&$ a safe and secure home and has adopted ihe principle of principle of Housing F ir5t, an initiative that seeks to house people affected by homelessness in secure tenan¢ie5. The Charity continues to explore ways of ￿rtherIng lis charitable objeciives in an ¢ff¢ctive rnanner by ensuring there is awareness of its serviees and by seekang opptsrtunities to be more involved in the community. The Charity seeks to continue to provide a¢commodation for the hotneless in the community and (hus conlribuiing P05ltively to eommunity inclusion. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document CLHT is a charitable company limiied by guardniee. incorporated on 10 May ?007 and registered as a charity on 8 August ?009. It is govemed by its Memorandum and AMiclLs of Association and is managed by Board or Trustees. Decisions are deteTmined by a simple majority vole by the Trustees who sei ihe sirniegic direction of Ihe Chariiy. Delegated authority has b¢en giv¢n to Ihc Ex¢cutiv¢ Offic¢r and the implementation team led by the Board of Trustees for the daj 10 day running of the operaiions of the Charity. Recruitment and appointment of new trustees Truste¢s are selected on the basi5 of the contribution that they will make io the govemance ofthe organisation and the skills that rhey will Coniribute. They are provided wilh copie5 of the Charity Commission'5 Guidance to Trustees and are also provided with iraining as and when required. STRL.CTURE. GOVERNANCE AND MANAGEMENT Risk management 'l-he'l"rusteLS review the major risks that the eharÉty is exposed to at their me¢tings and are saiisfied that s}'stems are in place io tnanagTe the risks that have been idenrified. In particular. insurance cover is in pla¢e and ihe finances of the Charity are kept Linder revie￿. ApprLipriate Disc105llre & Barrin(k Service clieck IDBSI. Supported b>. regijlarly reviewed policies are done for all ihose who work with homeless or oiher vulnerable groups wilh ihe Charitj. Iniemal ontrol risks are mittimised by the implementation of procedures for authorisation of sinnificani iTansaeiions and projects. Procedures are in place 10 ensuFe compliance witli healih and safel}, ofmernbeTS of 5raff, volunteer5. clients and visitors 10 the Chority. QualifJ¢d and appropriaiely experienced employees are appointed and extemal consultanis are eng2ged io advise on significant issues. Coniinued... PAGE 5

Chxnging Lives Housing Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 REPORT OFTHE TRUSTEES STATEMENT OF TRUSTEE5' RESPONSIBILITIES The trustee5 (who Bre also the directors of ihe Charily for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial siaietnenis in accordance wilh applicable law and United Kingdom Accounting Standards (Unit¢d Kingdom Generally Accepted Accounting Praclicel. Company law requires the trustees to prepare financiil staiements for each financial year which giv¢ a true and tair vieu of the slate ofaffairs of the charitable company and of the incoming rcsources and application of resour¢¢s. including the income and exp¢nditure. of the charitabl¢ compan> for that period. sn preparing ihose fiiiancial starement5, the iru5tees are required to.. select suitable accountin£ policies and then apply them consisiently., observe the niethods and principles in the Charity SORP: make judgemen15 and esiimate5 thai are reasonable and prudent: prepare ihe linancial staiemcnts on (he goinbw coneern basis unless it is inappropriate to presume thai the chariiable company will continue in business. The trustees ar¢ responsible for keeping proper accounting records which di￿10$e wilh reasonable tirne the financial position of the charitable company and to enable them to ensure that the financial statements accuracv at any comply wilh the companie5 Aci 2006. They are also respoiisible for safeguarding ihe asset5 of the chariiable company and hence for iakinby reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trnsiees are aware.. there is no relevant audit inforrnation of which the charitable company's audiiors are unaware: and the Irusiees Iiave iaken all slep% that the). ought to have taken to make themselves aware of any relevant audit infom)ation and to establish that the auditors are aware of that inforniation. Au¢Jitor5 Tom Carolan & Co. Chartered Certified Accountants aThd Registered Auditors. was proposed by ihe rrustees D1￿105Ure of information to #uditar Each ol'the trusiees has confirn)ed ihai there is no information of which th¢y are awar¢ which is relevan¢ to the audit, but of Mhich ihe auditor is unaware. They have lurther confimied ihat they have taken appropriaie steps to identify Such relevant intomiation and io establish that the auditor is aware ofsllch infomaiion. Approved by order of the board of trustees 2nd signed on lis behalf by.. Dglllelle Tumler- Trustee Dale: 25-Apr-22 Comp¥nv number: Charity number: 6984746 134768 PAGE 6

Changing Lives Housing Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES Opinion We have audiied the charity finaneial statements of Changing Lives Housin￿'[rust I'th¢ ¢harity'l lor the financial year ¢nd¢d AubJUSI ?0? I which comprise the Statement ol-Financial ALlivilies lincorporating an Incoine aiid Expenditure AcLouiir). Ihe ljalance Sheet and notes to the financial siaiemenis. including ihc summary, ol-signifieani accouniin policies %et oui in nol¢ 2. The financial reponing framework (hal has been applied in their preparaiion is applicable law and United Kingdom Accounting Standards. includin8 FRS 102 'The Financial ReponinLI Standard applicable in the UK and Republi¢ of Ireland" applyin¥ Seciion l A of Iliai Staiidard and Aceountinbj and Reponinbi by Lliariiics.. Sthi¢rnent or Recommended Practic¢ applicable to chariiies preparing iheir account5 in accordance with FRS 102. In our opinion, when repo I tiiig in accordance with a fair presentation framework the financial 51alemenis'. -givc a true and fair view of ih¢ slate of th¢ eharily's aflairs as at 31 August 2021 and of its surplus for tlic. financial year iheii ended -have bL'ci) pruperl}' pr¢pared in ac¢ordati¢¢ with United Kii)gdom Generally A¥cept¢d Ac¢ountiiig Practice: ai)d -havL been prepared in accordance with the r¢quirei))eiits of the Companies Acl 2006 and Ilie Charities Act 2011 IIA$ia for opinion W¢ coiidlicled OLir aiidit iii accordancc witl) Iiiien)alional Staiidards on AuditiiigF IIJKI I ISAS (UK)) and applicable law. ()ur resp()nsibilili¢s undLir those siandards are furtliLr desLribed iiJ ilie Audi¢orf& r¢spoiisibililies for Ihe audit ol. IhL linancial sialLllJcnis s¢¢lion of our report. We are independeni ol'tlie cl)arily ii) acci)rdanLC wilh ctliical requirements Ihal are relevani io oiir audit of the financial siaiemcnts in the UK. inLluding the FRC'S Liliical Siandard. and we hiive lullilled our oilier eiliicul respon5ibiliti¢s in ac¢ordanLe with Ille￿ rL'(iuirLineiils. We believe Ilial Ilic audil ¢videnc¢ we have obiained is sufticient and appropriatL t() provid¢ a basis for our opinion. Conclusltsns rel¥tln£ to going coneern In aiidiliiibl tIiL 111iic IILlc11 stcllL'ineiils, WL have concludLd that Ilie Iruslees, use of the going con¢¢rn basis of ccouniing in the preparation ol'thc financial 5tal¢m¢ntS 15 appropriate. Bascd on ihe work we have perfomied. we have sibJnifiLant doubt on the charity'5 ability to continue as a goiiig conc¢rn for a pcriod of ai least twelve Inonihs Irom Ihe date when ihv Iin£*ncial siatLinents are auihorised for issue. Olir rcsponsibilities and the responsibilities of Ihe trustees wilh ￿SpeCt lo going concem are desLribed iii the relevani seciions or ihis r¢pon. Other Information Thc othcr ii)torii)ation comprises the inforniation included in Ihe annual report other ihan tlie financiRI s(aiemenis and our Auditor's Report thereon. The trustees are responsible for th¢ other inturmaliun ¢uniained wiihin th¢ annual report. Our opinion on Ihe financial staiemenis doe5 not cover the other information and. ex¢epl io the exieni oil)erwise expliciily slated in OUT report, we do not express any form or assurance coiiclu5ign theregn. Our responsibility. 15 to read the other inforinalion aiid. in doing so. consider whLthcr the othcr inforinalioi) is materially incon515teni with the financiÈl statements or OLJr knowledge obtAined in the course of the audit. or otherwise appedrs to be materially missiated. If we idenrity such maierial in¢onsi5tencies or apparent maierial missiaremenis, we ar¢ required 10 dei¢m)inc wlieiliLr this gives rise to a nialerial iiiisslaienieni iti Ilie liiiancial 51aleJneii15 Ilicin5elves. If. based on the work w¢ have performed. we conclude that there 15 a Inaterial mis5tatetneHI of this Other infomialion, w¢ are required to report thai faei. We l?ave nothing to report in tliis regard. Opinion OD Other matter prescribed by the Coml lanies Aet 2006 In our opinion. bas¢d on th¢ work undertaken in thc cour5c of thc audit.. PAGE 7

Changing Live5 Housing Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 INDEPENDENT AUDITORS, RF.PORT TO THE TRUSTEES -the informaiioii g)iven in the Trustees Ai)nual Report for the fiiiancial year for wl)ich ilie tiiiancial statements are pr¥par¢d 15 consistent iviih the financial stal¢ments: and -the Trusleeg. Aniiual RLPOrt lias been prepared in accordance with applicable legal requireinents. Matters on IvhiL'h we are required to report by cxc¢ption Iii tlie liglil ot our know ledge aiid undLfslaiiding> of tlie Ll)arity and its eiivironiiieiii obiained iii the course ol. the audit, we have noi identified material misstatements in ihe Trusiees. Annual Repon. -w¢ liave iiothing to retK)rt in r¢spe¢t of the following matters the Coinpaiiie5 Act 2006 requires us lo r¢port io you il-, in our opinion., -ad¢quale accoui)ting re¢ords have not been kepl; or -the fiiiaiicial stalLinLiils are Iiot in a¥Fr¢'eiiiLiit with ilil aLCI)Ulltiiig rL'ci)rds aiid rciurn5: or -certain disL105urL's ol. trustees, remuneralioii spccified by law are i)ol iiiade: or .wL have iiot received all ihc iiiforniaiion and explanation5 require for our audit. -tl)e trustees were not eniiil¢d to prepare ihe tinaiicial siaiem¢nts iii acLorddii¥¢ witli the siiiall Coinpanies regime and lake advaniab)e of ihe small companies, exemption in preparing ihe Trusiees. Annual Report. Responsibilities of Iru¥tee5 for the fIn￿ne1￿1 st#tihment8 As e%pl<1iiiLd more l'ully ii) the Si8teinent of Truste¢s RLsw)iisibililies set oiil 11) PUb>e f . tliL Iru%lL¢S are responsiblL for the prLparalion of Ilie finan¢iyl sldleinenis and lor 1K'iii￿ salislied that tliey giivc a tru¢ and lair vicw. Jnd lor sucli internal L(Inirol as the}. determine is necessary to enable th¢ preparation or financial 5tatenients that are fr¢e from material missiaiement, whether due io fraud or error. In preparing Ilie linRiicial statements, the Irusiees are responsible for assessiiig tl)e cliarily s ability to ¢oiiliiiu¢ a5 a &Toin¥ concern, disclosing. as applicable. matters relaied 10 going coii¢ern and usiiig Ilie bY<)ing concerii basis of accoiintinbTr unlL5S mdnagemeiit eiilier iniends t(Tr liquiddie lh¢ Charity or ¢0 ceas¢ oporations. or lia5 no rLali&liC alternativ¢ bul lo do so. Auditor'¥ respon5ibllilies for the audit of the fln#n¢ig1 statemcnts Our ohjeLtives ar¢" (() obtaii) rea501)abl¢ a$8iiraiicL ab(iiil wl)etl)Lr tlie linanciul statemenls as a whole are t'ree rrom iiiai¢rial mi55tateinenl. wlieilier due to fraud or error. and ¢0 issue an Audiior'4 Rtpoff that includLS (iur opiiiion. R¢asoiiable assuraiice 15 a Iiibili level ofa5suranLe, bul 15 not a bjuarantee Iliai ijn audit conducted in accordance wilh ISAS IUKI will alway5 dele¢1 a mdicrial nii55taiem¢ni whLn il ¢xibls, MJi¢rial nii55tai¢n)¢nis Lali ari5¢ Iri)In trraud or error aiid are evnsidered n)alerial il-, individually or in the abgre¥ale, they Lould reasonably be expe¢t¢d to influence the econoinic decisions ol. users taken on the basis of ihese financial 5tatement5. Irregularities, ii)¢ludiny fraud. are insianc¢s or non-compliance with law and r¢gulati0iis. We deSI￿n procedures in line wilh our respaDSibilities. ouilined above. 10 deieci malcrial missiaieinenls in rc5peLI of irregulariiies, Includin￿ fraud, The extent to which our prooedurrs dre Lapablc of de1eLiin￿1 irrcgTularilies, including fraud 15 deiailed bLIow'. Further information regarding the scope of our responsibilities ¥s auditor As part of ai) <iiidil 111 dLC()rdaiice wi(II I%As (LIK}. we excriisL pr()lessioiial jLidgT¢m¢iil and maintain prolessional 5¢ePticism througliout the audii. We also.. -id¢ntify and as5es5 the risks of iiiatcrial misstatement ot the financial stateineiils. wheiher due to fraud or error, design and perfomi audit procedures responsive io ih05e risks. and obiain audit evidence tlial is sufficieni and appropriate lo provide a basis for our opinion. Thc risk of not d¢ie¢ltng a material mis%lat¢inenl resulting from Iraud 15 liibjher than for one rcsulting from erroT. as fraud may involve collusion. lor¥ery. inieniional omissions. Misrepresentations, or the ove￿Ide of intenial contrul. Continued... PAGE 8

Changing Liveg Housing Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED31 AUGUST 2021 INDEPF.NDENT AUDITORS, REPORT TO THE TRUSTEES -Obiain ali ui)derstandingY of iiiteri)al control relevaiit to Ili¢ audit in order to dcsigii audit procedures that are appropriate in the circuinstances, but not for th¢ purpose of e.Kpressing an opinion oli the etTectiveness of ihe chariiy's iniernal conirol. -EvalLiate th¢ appropriaieness of accounting policies used and the r¢asonabl¢ness of a¢¢ounting estiniates aiid related disclosures made by irustees. -Coi)clud¢ oli tlie approprial¢ness of th¢ trustees, use or tlie goii)g concern basis or accountiiig and based on the audii evidence obiained. whether a material uncertainty exists related TO evenis or condiiions thai Inay casi significant d(iubi 01) the charity'5 abiliiy lo roniinue as a ¥Join¥F con¢em. Ifwc ¢onelude ihat a mai¢rsal uncenainty exisis. we are required io draw attei)iion in our Auditor's Repon 10 the related di5closurcs in the Iinancial siatemLnLS or. if such disclosures are inadequate. to modify our opinion. Our conclusions are based on the audit evidence obiained up lo the daic of our Audiiows Report. However. tuiure evenis or conditions may caus¢ ihe charily to cease to conliiiiie as a gYOillgT con¢¢rn. -EvalLiatL th¢ overall preseiitation. structure and ¢onteiil of the tinaiicial statein¢nls, in¢ludii)&y the disclosures. and whLthLr ihe fin4nLial staiemenis represent the underlying tran58¢1ions and ¢venis in a manner thai achieves fahr presentation. We communicatL with those Lliar8¢d witli ¥ov¢rnance regarding, among oilier matters. tl)e plai)iied .sLope and liii)inbl of the aLidii and 5i¥nificant audil findings. including any significai)I delicienci¢s in inleTng1 ¢01)Irol Iliut we idLniify durinbi our audil. The purpose of our #udit work and lo whom we owc our responslbllitiel Tl)is r¢pvri is Inade si)IL'ly lo tlie Ll)ariiy's ii)enibers. as a bixly. iii ai¥()rddnLL¥ WltlI L hapier 3 of Part 16 ot tl)e Coimpanies Aci 2006. Our audit work has been undenaken $0 thai we mibTht slate to the charity's memb¢rs those maiiLrs w¢ are rcquirLd 10 stal¢ lo ihem iii an auditorfs report and for no oihlr purpose. To IhL fullest e¥iLni pi'm)illLd by law. we do i)ol aLCLpI or assume r¢spon5ibility 10 anyone other ihan the Lharity and the Ll)ariiy's Inember5 as a b()dy. for our oudil work. lor thi5 r¢port. OT f(Ir th¢ opinions w¢ have formed. Tom CArol#n F.C.A. (Senlor St4lutory Auditor) for and on beh#lf or T()M CAROLAN & Co CliartL'rL.d ALLoLlI)t¥nls. Rcgi51ered Auditors 3.1 ALlStin Friar4 Street Miilliiigar N91 NR52 Republi¢ of Ireland 29-Apr-2022 PAGE 9

Changing Lives Housing Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 STATEMENT OF FINANCIAL ACTIVITIES 31.08.2021 Unrestricted fund 31.08.2020 Toial funds Notes INCOME AND ENDOWMENTS FROM Incoine Investment income 3,423,651 3.052.981 3.423.671 3.055,320 EXPENDITURE C)N ChMrit%ble aerivitie5 2,628.677 671,305 2.206.397 52.5.701 Suppon cost5 Tot41 3.249.982 ?.732.098 NF.T INCOME 123,689 323.222 RECONCILIATION OF FUNDS To¢¥1 funds brought forward 691.110 367,888 TOTAL FUNDS CARRIED FORWARD lJ14.79 691,110 Th¢ 51ai¢m¢nt ol. IindnLial aciivilieb includes all blains and10sses recogni5ed in the ye8r. All income and expLnditurc rcLLives from conliiiuiiig activitL¢S. The notes fomi part of these financial statement5 PAGL 10

Changing Lives Housing Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST ?021 BALANCE SHEET AS AT 31 AUGUST 2021 31.08.2021 31.08.?020 Not¢s (.'nre5tricted fun FIXED ASSETS Tangible as5e15 10 376,837 392.926 CURRENT AS8ETS Debiors Cash ut bank and in hand 6,768 441,394 448,162 1 ?,489 418,6?4 CREDITORS Aiiiouiit lalliiig due within one year 12 10.200 159.6671 NET CURRENT ASSETS 437,962 378.446 TOTAL ASSETS LESS CURRENT LIABILITIES 814.799 771,372 CREDITORS Ainount falling due after more than one y¢or {80.2621 NET ASSETS 1114,7W FUNDS Unreslricled fund5 814,799 691,110 TOTAL FUNDS 814.799 691.110 These financial statements have bee prepared in ac¢ordance with the provisions applicable to charitabl¢ compAni¢s subject to the small companies regime. The linancial sta¢einertts were approved by the Board of 'fruslees and authorised for issue on 4 April 2022 and were signed on its behaifby.. Daniolle Tuinler Dale.. ?5 April ?0?? Cornpany number: Charit>. number: 6988746 113476¥ PAGEII

Changing Live5 Housing Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 CASH FLOW STATEMF.ryT 31.08.2021 31.08.2020 Note Cash IIow5 from operating 8Ctivitie5 Cash neneraied from operations 26.988 5?1.749 Net cash provided by operating activities 26.988 521.749 Cash flo￿.5 from investing aciivities Purchase of tangible fixed assets 4.218 392.039 Nei eash used in invesling 4,218 39? 039 Change IN eash and cash equivalent irt the reporting period 22.770 129.710 C8$h 2nd cash equivalent at the beginning of the reporting period 418,624 288.913 Cash and cash equivalent at the end of the reporting period 441,394 418.674 The notes form part of these financial statements PAGE 12

Changing Lives Housing Trust FINANCIAL STATEMEN1S FOR THE YEAR ENDED 31 AUGUST 2021 NOTES TO THE CASH FLOW STATEMENT RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.08.2021 31.08.?020 Net in£om¢ for the reporting period105 per the Statement of Fin#nei#l Activities) Adjustment for: t)Lprccialion charges IlncrLaseiidecr¢as¢ in debtors {D¢Lr¢asellinerease in creditor5 123,689 323.222 20,J07 15.344 74.470 108.713 {122.72Y) Net ca$h provided by operAtlon5 26,988 521,749 ANALYSIS OFCHANGE IN NET FUNDS Al 1,6.20 Cash flo At 31 .0.1.21 Net cush C'&sh dl bank 418.624 441,394 418.624 441.394 Total 41 ¥.624 441.394 PAGE 13

Changing Lives Housing Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 P40TES TO THE FINANCIAL STATEMF.NTS ACCOUNTING POLICIES Basis of preparing the financial statements The financial statemenis of the Lharitable con)P1£ ny. wliich is a public bcn¢fit eniiry under fRS I O? have becn prepared in a¢cordance with the Charities SORP IFRS 10?I'Accouniingi and Reportiiig> by Cliariiies.. Siaieinent of Recommend¢d Pracrice applicabl¥ 10 chariti¢s preparing their accounts in a¢tord&nce with the F inancial ReportinbT Standard applicable in ihe UK and Republic lif Ireland IFRS 1021 leffeciive l January 2019),, Financial R¢portinbi Siandard 102. 'Thc finRncial Repartinbj Siandard applicable in th¢ UK and Republic of Ireland, and the Companies A¢t 2006. The firtanLial 51atements have been prepared under the historical rosi convention. Going concern The Iru5tees (who are ihe Lliariiable coimpans 4 diwcloTS for the purposes of cornpany law) haw¢ assessed wh¢iher the use ot the ￿01n￿Tr concern basis is approprTrat¢ and Iiave considered pn55ible even15 or conditions thai might cast significant doubt on the ability ol'ihe charity lo coniinue a5 a bToinui con¢orn. The Iruslc¢s l)ave madL ihis ass¢ssmeni IOT a period ol'at least one year froni iht date ofapproval ol'ih¢ riiiancial siateinen15. 11) particular the trusiees liuve considered tho ¢h8riiy's lori¢aslS aiid projeciions and Ilic possible implications should proj¢¢l¢d inconie and l or expLiidilur¢ vary unexp¢ciedly. The tru4lLes hav¢ con£luded tliat there is a rcason8ble expeclaiion ihai Ihe chariiy h25 adcquat¢ resourcLs io coiiiinue to op¢ratL fur the fores¢LablL I'uiure. Ihe charity Iliir¥fore Loniinue$ 10 ydopi Ilie &*oinbT COIICLrn basis in prep8rinb¥ ils financial slal¥menis. Incom¢ All income 15 recognised in the Statement of Financial Activities once the charity lias enliilLin¢nt (o ihe lunds. it is probable that the income will b¢ received and th¢ amounl can be measured r¢liAbly. Expendlture Liabilitie5 drL' recogiiised as expcndiiure as 500n there is a le&ral or consiructive obli&7alion commiiting Ihe cliarity 10 Ihal exp¢ndilure, it is probable ihai a Iransler of economic benefiis will bL requir¢d in seitlem¢ni and the amount of the obligation Can be measured reliably. Expeiidiiure is accuunied for on an accruals basis and has been classified under Iieadinb15 Ihdt aggrebiate dll cosl r¢lated 10 Ihc cJte&rory. Where costs cannol be dir¢cily atiributLd lo particiildr hcadinb)s they have bLen allocated to aLliviiiLs on a basis consistent with the use of resources. Tangible fixed as$¢¢s DepiYciali()11 is providcd 01 the following annual rat¢$ in order to write olTeach Assei over it5 estima¢ed Freehold Prckperty Moior vehicle5 umiiure & fittings Office Equipn)eni 1.000 Straighi line 1 ? 500/0 Siraibhi line Tax8tiort Th< Lharity is exempi from corporation i&x on its charitable activities. Fund #ooountlng Unrc51ricled fund5 can be used in accordance with the charitable objectives ai rhe discTetion of the Irusiee5. Resiricted funds can only be used for particular re5tri¢ied purp05e5 Wlthin the objects of the ¢harity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the noies to tl)e financial staternents. Coniinu¢d... PAGE 14

Changing Lives H(Jusing Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 NOTES TO THE FINANCIAL STATEMENTS Pensions and other pogt-retirement benefit5 The Lharilable cormpany operates a defined contribution pension schem¢. Contributions payable io the chariiable compally's pension scheme are charged to the Statetnent of Financial Activiiies in the period to which they rel￿e. The Charity operaies a defin¢d contribution plan for the benefit of its ernployee5. Coniribuiion are expensed as they become p8yable. Hlre purehase and leAsing cofftmitments Rcntals paid linder operating leases are charged io the Statement of Financial Activities on a straight line basis over the period of th¢ l¢a5e INCOME 31.08.2021 31.08.2020 Rental Inconie (Social Housing) Service charLJe {Manatsemeni) Misc. Income 3J02,918 32.228 3.018.40? 34,579 3,423,051 3.05?,981 INVESTMENT INCOME Bank interesi received CHARITABLE ACTIVITIES COSTS Direct costs 31.08.2021 Tolal 31.08.2020 'lotal Charitable activitie5 ?.6?8.677 2.6?8.677 ? ?06.397 SUPPORT COSTS Managemeni Gtsvemance 31.08.2021 i1.08.?020 Other resources expended Charitable activities Bank Charges Monga¥e Inierest Audit fee 660.893 103 3.808 660.893 103 3,809 512,745 1.340 6.500 6.500 5?5.701 664.804 671,305 NET INCOME (EXPENDITURE) Net Income lexpenditurel is stated after chargingjcrediiing 31.08.2021 31.08.2020 Auditor's remuneraiion Depreciation own¢d assets 6.500 15,i44 2U,307 LoniiiiuLd... PAGE 15

Changing Lives Housing Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 NOTES TO THE FINANCIAL STATEMENTS TRUSTEES REMUNERATION AND BENEFITS 31.08.2021 31.08 )020 Tnjsiees. salarie I'ru5tee5' Tax and National insurance 39,384 8.858 69,236 48.?41 -Daniclle Tumler a irustee who is also a dir¢¢lor of the charity was paid £48,000 a5 gross salary duTing ih¢ period for providing servic¢s tor the charili. -wesley Tom a irusiee who is also a director ol'ihe chariiy was paid £21.319.98 as gros5 salary during the period for providing services for the ¢hbrity. STAFF COSTS 31.08.2021 31.08.2010 Wage5 and salaries Tax aiid National insurance Otlicr pension cosls 351.575 245,155 33,330 7,16? 9￿7,6￿8 461.SJ6 'rhe averag¢ nionthly number ofemployees durin& the year wa5 as follows.. 31.08.21121 25 31.08.?020 14 Averag¢ number of employee5 Average nurnber of volunteers No employee benefits ¢xceed £60,000 during th¢ period. Loniiniiid... PAGE 16

Changing Live5 Housing Trust FINANCIAL STATEMENTS FOR THE YEAR ENDEI) 31 AUGUST 2021 NOTES TO THE FINANCIAL STATEMENTS COMPARATIVES FOR THE STATEMENT OF FIiYANCIAL ACTIVITIES Unrestricted Unrcstricted fund lund 2021 ?o?o INCOME AND F.NDOWMENT FROM Renial InconiL ISuLial Ilousing} Investment income (Bank interests received) 3.423,671 3.055.320 J,423,671 3.055,3?0 F.XPF.NDITURE ON Charilabl¢ uctivities Cliaritable activiti¢$ 2,628,677 2.206,397 Suppon costs 671JOS 525,701 3,299,9112 2,73? 1}98 NET INCOME 123,689 323.222 RECONCILIATION OF FUNDS Toigl llnds brought furward 691,110 .167.888 TOTAL FUND% CARRIED FORWARD 1$14,799 10. TANGIBLE FIXED ASSETS Freehold Property Mo¢or Vehicle Furniture Ofliee Equipment Totals Ai I September 2020 Addition 349.000 36,825 427.2116 4,2111 Ai 31 Augu512021 349,000 36,825 34,494 431,424 DF.PRECIATION Ai I September 2020 Charbje for thL year At 3 l August ?021 3.490 3,490 8,717 9.369 9,-588 1,517 1 ?.485 5,Y31 34,280 20,307 6,980 18,086 NET BOOK VALUE A(31 AiibTiis1 ?0? I 342.020 18,739 16,078 J76,837 At 31 May ?020 345.510 17.791 39?.926 Lc)niinuLd... PAGE 17

Changing Lives Housing Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST ?021 NOTES TO THE FINANCIAL STATEMENTS DEBTORS: AMOUNT FALLING DUE WITHIN ONE YEAR 31.08.2021 31.08 ?020 Trade debtor5 {R¢ntal iftcome) Tax overpaid 1,579 10.910 12,489 fi,768 6.768 12. CREDITORS: AMOUNT FALLINCJ DUE WITHIN ONE YEAR 31.08,2021 31.08.2020 Trade creditors {Rental income) Mortb)age Position 10.200 40.219 12.448 10,21MI 57,667 CREDITORS: AMOUNT FALLING DUE AFTER MORF. THAN ONE YEAR 31.1)11.21121 31.08.2020 Mortgage 80.96? 'rhe mortgage secured on the charity's freehold 18nd and building wa5 paid in full during) the year 14. MOVEMF,NT IN FUNDS Net movement in fund5 Al 01.09.20 At 31.08.21 Unrestrlcted funds (iLnLral lund 1?3,690 1114.800 TOTAL FUNDS 1 ?3.690 814.800 Comparative net movein¢ni in funds, includ¢d in the above are as follows: Incoining resources Resuurees expended Movement In fund Unrestrictcd furtds (ieneral fujid 3,4?3.671 3 ?99.981 123.690 TOT AL FUIYDS 7,42?.Cs71 2 ?l)Q.Q81 121.69n Coniinued... PAGE 18

Changing Lives Housing Trust FINANCIAI, SI-ATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 NOTE5 TO THE FINANCIAL STATEMENTS 15. CONTROLLING F.NTITY There I￿ no ovcrall Lontrollin￿? entity- 16. Ev¢nls since Ih¢ balance sheet date There havc been no eveiits since Ihe balan¢¢ sheei date which might necessitate re-siat¢tnent of the amount in Ihe financial siatements. C8PitAI eommilment$ 'I'liere were no capital commitments at the balan¢¢ sheet dale. 18. RELATED PARTY I)ISCLOSURES -Danielle Tuiiilei. u Irusiee who is also a direcloT of the Lharity was paid £48,000 lls gross salary durin8 the period for providing services for tlie charity in line with the Charity'5 g?uVernIn￿ doLuineni Claus¢ 5lbl. -wesley Tom a trustee who is a150 8 director of the chariiy wa5 paid £21.319.98 as gross salary duringi th p¢riod for providin¥i services for th¢ chAriiy and £437.00 as expense5 reimbursem¢nl in liiie with choritj, goveminb dociiinenl Clause Slbl. -Daiiielle Tumler a trlkslee who is also a direcior of th¢ ehariiy was paid £49 ?00 as rent lor leasingy her propLini¥5 whiLh ar¢ used as ¢emporary acconiniodaiioii for the Iioineles5 people. 'fiii5 p&ymcni 15 in liiie with the charity'5 &overning document Clause 5lallvl. Tl)ere were no other iransaction5 Wlth Ihe Trustees excepi ih05e referred io abuve. PAtiE 19

Changing Lives Housing Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 DETAILED STATEMENT OF FINANCIAL AcfiviTIES 31.08.2021 31.08.?020 INCOME AND ENDOWMENTS Incorne Rental Income (Social Housin&l Service charge (Managemenil MISL. Income 3J62,918 J2.228 3,018,402 34.579 3,423,051 3.052,981 Investment incorne Bank interesi received 20 Total in¢ominbF r¢sources 3,423,671 3.055.3?0 EXPENDITURE ChMrii#hlc Fxpeiiditure )r(Trpert%' rLllI & l.easis PrDpLrty Mainienance & Expense5 Tenants Welfare Projeci Work Icon¢i¢r¥el Council Tax Light & Heal 1,674,605 4y3 J77 225,023 79,1114 93,027 63,.$42 1.497,441 297,463 216,837 39.877 91.3.53 63.433 2,628,677 2 ?06.397 Mon#%emeni & Admlnlstr8tion expen5e5 Siall-C0$15 Pen4ion F'unds Housins BenLfil Overpoymenis oirice Rent Travels Office Printin& and Siati(Triieries Teleplion¢ &nd Fax Internei Cliarges Software ALLouniaJcy F¢¢$ %ub8cripiion5 Training Insurance Conbuliancy Leyl Fees 'rv Licence Misc. Expenses Depreciation 446.778 280,486 7,162 11.559 20.900 368 2.606 18,033 4.314 8.193 16.387 211,413 22.800 10,930 27,032 13,480 407 2.077 3.147 3.393 98,636 43,877 21,152 146 .729 20,307 1.461 15.344 660,893 -512.745 Finunee Baiik. Charges MonkFagi¢ Interest 103 3,808 1,340 5.116 Govern#nee Audit fee 6.500 Tot81 r¢sourees expended 3,299.981 2,732.098 N¢t incomelexpenditure 123,690 323.227 PAGE 20