Charlty hglstrallon No. 1138615 Company Reglstratlon No. 069449441England •nd Wal•sl GAP SUPPORTED HOUSING ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MARCH 2024
GAP SUPPORTED HOUSING LEGAL AND ADMINISTRATIVE INFORMATION Tru8ts•s A Bertram R Theobalds K Nornian V Milr C 8rinlon J Costello (Appointed 1 December 20231 Secretary MrA Sanders Charfty number 1138615 Company number 06944944 Regl•tored offlce Office 4 4 Meal Market Hexham Northumberland United Kingdom NE46 1NF
GAP SUPPORTED HOUSING CONTENTS P•g• Tru$lee$' report Indepen¢Jent examinorfs report Statement of financial activities 10 Bal8n¢e $lwt 11 Notes to Ihe finan¢i•l Stslements 12-20
GAP SUPPORTED HOUSING TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees piesent their annual report and finanGial stalem8nts for the year ended 31 March 2024. The financial slalemerrts have been ppared in accordance wlh the accounting policies sel out in note 1 to the financial slalemenls and comply wrth the charity's Memorandum and Articles of Association, the Companies Act 20C6 and 'ACntIng and Reporting by Charities.. Stslement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK Republic of Irefand (FRS 102)" leffectsve 1 January 2019}. Objectlves and actlvltl88 Our aim as lald dosfft by our Memorandum of Association are.. 'To support vulnerable adults, both those who are homeless and those who may be threatened w71h homelgssness, by the provision of temporary accommodation, supported housing, support in their own home or by such ¢)ther setvices calculated lo rolieve their needs.. During the year 2023124 our service provision consisted of a Staffed accommodation service delivered from Links House, Haugh Lane, Hexham. This provides accommodation for up to thirteen individuals across four shared flats. We retain our accommodation service based a1415 Dean St in Hexham which has the capacity to provide supporting accommodation for up lo seven individuals. Responsibility for service delivery and development is held by the Chief Exewlive Officer ICEOI The CEO reports directly to the Board of Trustees and line manages the ProJ"ect Manager. The Project Manager 1$ rgsponsible for the day to day wnning of the services and the line management of support staff. The wholistic nature of thè service we offer, based as it is on the support needs of the individual, requires support stsff to undgrtake support planning and manage a numt)er of individual support plans, acting as a 'Link Worker, fof individual residents. Their role also incorporates other relevant duties in support of both th¢ provision of high- quality housing and housing support services to promote independent living. Throughout the year the 808rd of Trustees have paid due regard lo guid8nce issued by the Charity Commission in deciding what activities the charrty should undertake. have continued to PiOVKle the support a homeless person needs lo address those issues that may have led or contributed lo their becoming homeless. We have seen increased numbers of individuals supported during the year. This is due both lo the increased capacity In thè new Links House service, the expansion of support available from our staff and ulilising the facilities available in Links HoLt$e to promote service provision from external agencies. The fostering of a more 011StIC approach to an individual's support has led to improved outcomes and resulting in their bein9 in a posrtion to move lo independent living sooner than previously. The development of our Dean Sl propety remains a priority Realising this has been difficult. Our inabllity lo recruit the staff numbers needed lo deliver an appropriate level of support prevented re-starting a homelessness seivice from the property. We had approached a charty who offer support to women victims of domestic abuse with a view lo their leasing the propety for their service. Inilialty progressing well thi5 lalei stalled. in part due to their own difficulties in recruiting support staff. The OverrIng aim of our seNiee continues to be that of helping a homeless individual achieve the goal of independent living with a home of their ¢)wn. gain employment and lo be able to partiGpate in their community as fully as they wish and are able.
GAP SUPPORTED HOUSING TRUSTEES. REPORT (CONTINUEDI(INCLUDING DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Achievomgnts and perfomiance ilst addressing the immediate need for accomm¢)dalion, our seryice also offers the opportunity f(x a homeless individual to address olhgr support needs they may have. Help and housing advice is also available to those who are in ijanger of becoming homeless. We strive lo create a therapeulic enviionmenl in which individuals can begin lo re-build self-esleem and address feelings of soual isolation. lthen needed support is given to access the specialist services they may need lo address, fof example, mental ill tteallh or addictions. We help wrth the learning of basic living s"11S and facilitsle access help to improve literacy and numeracy. Ulilising the much improved accommodation and communal space within Links House we have continued to develop a more wholistic service with the abilty to deliver and facilitate support to individuals. both in-house and by Strong workiThJ relationships with external support a9encies. During the yeaf we have seen an incrèase in the numbers we a able to supp¢yt. This is not only as a result of increased capacity within Links House bul also a result of incieased support resultrng in an individual being in a POSItn to move lo independent living mu¢h sooner than previously. This posrtive outcome can al80 be partly attr¢buled to Ihe developing range of training, activities and additional laTgeled support being available from the service. As the year progressed we also began lo form a better understanding of the operational needs of the new building and began lo implement the changes needed lo meet these operational demands. We had already introduced a Monday to Friday structure lo help replicate the pattem of an average working week. Feedback from reswlenls in the past has shown the posth've effect this has on people, helping lo break the negative cycle of awake all night and sleeping most of the day As the use of the training and communal are8 incieased then il became apparent that more support staff needed lo be availab. Vvhilst we had already increased staff hours in the first year of operation from Links House the increasing numbers being supported, the size and layoLrt of the building and the developing level of service offered required more support s12ff. In response to this need we restructured the staffing. reducing Project Management from part lime Fr1511ions to one part lime position and ulilising this financial saving to increase the Monday to Friday support staff hours by 35 per week. During the year we began lo look al ways of developing individual staff skills and their abilty lo deliver in-house training programmes. We have tsvo members of the staff wth the necessary skills and qualifications b run a number of training and educational sessions. Both have lived experience of challenges faced by some of those accessing our service. Examples of the sessions they are able lo deliver include, SMART Recovery,. Atohol Awareness", Recovery (Addictionl., ADHD Awareness (Living With ADHDI,. Anger Management. The continuing development of the new service has greatly increased our eommunty presence, not only because of the size and l¢xalion of the propety bul by the ability lo offer the facilities to outside agencies for the delivery of services and as a venue for meetings and training As an example, our officelmegling space has bn used by both Hexham Community Led Housing la rol-for-profil organisalion created by local people that aims lo develop genuinely affordable housing in Hexhaml for their monthly board meetings and by Northumberland Domestic AL)use servIs INDASI for several slaff meeting5 and training sessions NDAS will also be based al 'nkS House for several weeks in Spring 2024 whilst their existing offices are refurbished. We conb.nue to work closely with outside agencies induding NorthumL*rland County Counryl's Homelessness team, Social Sèrvices, Probation, BID Services Northumberland. with oakIe$ Newcastle and the Hea1tt7 Authority inc. hospital discharge teams, GPS and mental health support te8ms, Northumbria Police and Northumbedand Recovery Partnership INRPI SHELTER, CRISIS, Thirteen Group, Changing Lives and Hexham Youth Initiative continue to make referrals lo our service and our work with NDAS and Harbouf has gre81ty enhanced our provision for homeless and vulnerable women. Our attendance al monthly community safety meetings, 'VOL' meetings Iwictirr Offender Location) has been maintained ensuring wè have a positive working lationshiP with Northumbria Police who coordinate Ihg$e meetings. aTrJ our services are legnIsed as making a poshive eLJntribulion lo community safety. are actively involved in number of groups and organisalions through whieh we are able lo share good practice and discuss our swvice delivery and the ethos behind that delivery. Examples Irlude NCC Homelessness Partnership Meetings. VONNE Peer Group meetings. Homeless Link Regional Peer Group Meetings and we have been active participants in the national PIElink discussion group for many years. I PIE Psychologically Informed Environment)
GAP SUPPORTED HOUSING TRUSTEES. REPORT ICONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Po$ltlve Outcomgs We continue to see improvement across all our outcome aims during the year and increasing numbers are showng p0511ive improvement and progress in such areas as self-esleem and confidence,. mental health budgelintymoney management skills and improved living skills. We have also witnessed reduction in substance misuseladdiclive behaviours. Access lo appropriate support agencies, increased in-house support and our progfess towards meeting the requirements of PIE have all contributed lo individuals reporting reduced levels of stress and anxiety. SupF)Ort staff have worked hard to increase the support work done with individuals and this, combined wilh the increased day lime stsffing, has had a positive impact. This has been parb'cularly so with sever81 dIVIdual$ with needs around addiction and mental health wtth a number of beneficiaries supported to attend extemal support for addICtn via NRP. Others have benefitte(I Ilom attending the Hextol Foundation services", volunteering in the Tans Café and wth the gardening proiecl. Others have engaged with Cyding Minds in Hexham. The aim of improving indivldual employability vi$ skills development and education and training has resulted in three individuals starting college Courses al Newcastle College and many others have attended the invhouse 'Introduction lo Maths, and 'CV llIng. Urse$ which have been delivered by the Northem Leaming Trust and the Nth'onal Careers Agency. The move lo education and employment and inereaged community involvement has highlighted the L11fficues many individuals face due lo a lack of photo ID. We addressed this by facilitating applications for a Citizens Card for eight 1ndividL1S which now means that they have the photo ID required lo access services. Staff. in addition to the regular cooking Session. have arranged arts and crafts activities and a lrtlle horticulture loo, including both house plants and outdoor planls, the latter donated by TESCO. Pernon Centred Support The needs of those we support are many a varied and can often be a challenge lo meet. Just one example of many during the year.. An individual who had been in the service for several months had a hoalth emergency ielated lo loTrJ-temi alcohol abuse. Emergency services were called on sevefal occasions but he reftjsed to enter hospital. A risk assessment was completed and emergency rn$a5ures were pul In place to ensure his safety. induding hourly cheeks during the night and recording limited almhol consumption. After lengthy dI$S1on. and reassurance that he would not be without 8 home if he was admitted lo hosprtal. he eventually agreed to hospital admission. He relulned to the service after undergoing a detox whilst in hospital and we continue supporting him wlh his medically sUrViSed alcohol cessation. During his absence we look the opportunity to clean and dOrate his room and a new bed and firmer mattress were provided. He is making slow. but steady, progress.
GAP SUPPORTED HOUSING TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Move to Independent Living Jayne was referred lo our seNice ty Shelter in Newcastle. After years of living wrth an abusive partner she fell she would rather be homeless than continue to slay. at made her leaving particularty difficull was her cats, Pip and Pol, she had no one lo care for them, and she was fearful of what her abuser would do rf they rernained in the house. Contact was made wlh the charity Cats Protection and their Paws Protect servsce. This ¢)ffers a safe temporary refuge for pets whose owner is escaping domestic abuse. We were able to offer our help to Jayne thanks lo the new female only accommodation available in Links House. Contact was mode with NDAS, and Jayne was supported lo register with a GP, change address for bank, benefits, elc. and register on Homefinder. Just prior lo becoming homeless she had secured employTnenl wlh a large retail company they were very SUPPDrtive of her circumstances and she was very quickly transferred to 8 Hexharn branch of the sto. Jayne has now moved on wth her life, a sucts5sfvI bid on Homefinder fesulled In her sècuring a single bed bungalow, and in easy Iravelling distance from her work in Hexham. We helped secure grant t¢)wards decoration and furnishing. including a new cooker and washing machine Once she had the keys she was reunited with Pip and Pol. confirmation that she did indeed have a rtw home. Peter had been in the service for over three years, originally in the Smaller Dean Sl accommodation and Fnoving over lo Links House in September 2021. Referyed to our service by the Local Authority he had become homeless in his mid-50's after the elosure of a local hotel. He had been employment as a breakfast chel al t1 hotel for many years and his accommodation me with the job. As is so often the Se, a$ we gol lo know Peter it became clear that his support needs were more complex than first appearing. For many years Peter had been a fvnctioning alwholic, this onty becoming a more acute problem when he lost his job and his home. 11 also became dear that he was struggling wlh quite basic tasks, and his personal hygiene was problematiG This was not s¢)mething we expected from someone who had worked as a ehef almost all his worknng lrfe. Supported to attend a GP appointment wlh an accompanying member of stsff we were able lo raise our cOnmS and a referral was made for a health assessment. The oulcorne suggested a stroke al some w"nl, which had impaired Peter's cognitsve function. This knovledge was used lo create an appropriate support plan Peter. inclLFding the prompting and support needed lo ensure personal hygiene, including bc)th washing, deaning of cloths. bedding and bedroom. From this it was clear that Peter would need long term supported accommodation and would not be able to live fulty independently. We began discussions with Social Services lo begin a needs asse$$rnenl for Peter lo help secure the accommodation required. We also liaised with the Local Authority, Karbon Homes and the Homefinder Team to ensure that appropriate properties were made available to him on the Homefindef system. In late 2023 a suitable property was identified in Hexham and very close lo Links House. This was sheltered housing, independent fl81$ with an on-srte warden. Visits We made and Social Services contacted. Peter has been due lo move before Christmas 2023 bul in the event il wasn t until the second week in January 2024 that Peter moved into his new home. Staff helped Peter Choose his furniture from CORE Fumilure in Hexham and bedding. small electrical rtems and a new eooker were provided from our indivual dorralions fund. Staff supported Peter with his application for Housing Benefit ènd Council Tax support and lo arrange Standing Orders and Direct Debits for various utility bills. We have continued to offer support to Peter, Pa'culartY in ensuring Social Servi$ provide the appropriate independent living support. This has resulted in an application being made for a Personal Independence Payment. 11 has tsken some lime bul Peter now has the security of the long-tem supported housing Ihal he needs. I'permission obtained from individuals concemed and when requestgd names have been changed) These examples show the benefits that increased levels of support staff can have on the positive outcomes foi individuals. The support Peter needed to address both his physical and mental health needs, either in house or by referral to community based health services, required considerable staff input. As did the maintaining of Social Serviees involvement and eventual securing of appropriate accommodation. These successes are also examples of the positive impact the growing interagency working has had ffi our service delivery. Combined with increased support stsff hours we are realty seeing the positive outcomes for the individuals supported In our service. As previously noted we are seeing increased numbers of individuals experiencing improved physical and mental health, induding the tsckling of addictions and a rfjduth'on in feelings of isolation and low self-esleem.
GAP SUPPORTED HOUSING TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Of th058 that came to our s•rvi¢o wlh addictions 80% have engaged with wogrammes deslgned to addross the$e addictions. 48% have entered education or employment and 38% have moved lo a home of their own. The feeling of communlty we are striving for wrthin the service is becoming manifest via these, and related, oulcomos vthi¢h indicate an Increaslng sen$8 of Slabilty for those in the seNl¢e. A8 we rnove into 2024 we VAII ¢XJntinue this positive development. Priority will bè to expand our offer, redeveloping the Dean St service. expanding day time communty access lo the office and training areas of Llnks Hou8e and focusing on facililallng a positive joumey through the service for all who approach us for help.
GAP SUPPORTED HOUSING TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Flnanelal revlew As with previous years we have not been free from unforeseen challenges. Agreed budgets and the c(nlribulion to reserves wthin them had been adversely affected by several factors over previous years including the unavoidable delay in opening Links House and the subsequent difficulty in recruiting the staff needed lo re-open the Dean Sl service had a nogalive effect on budgeted income. There was then the added impact of the cost-of- living crisis and the huge increases in utility charges. At the end of the last financial year renta charges were no longer reflecting our costs and we had not realised the predi¢led lease income from Dean St we had ncluded in our budget. We made what savings we could on healing costs and began negotiations with the Local Author(ty regardin9 an increase in our Housing Benefit eligible rental charges These discussions resuhed in an appreoable increase In rental inc¢yne. The Big Lottery Community Fund also provided finanaal assistance wlh an addilional payment reiVed in the final month of the last financial year. This was a gieal help in supporting us through this financially ehallenging period. As previously noted we also implemenled a staffing re-structure. This involved a reduth.on in Project Managor hours, replacing 25 hours per week positions with just one. Paul Sloane. who had been wrth the tharily since 2010, look the opportunity for earfy retirement this reduth'on In management offered him. The savings made in m8nagement wsts were re-invested in increasing direct support hour5 tQ OUT beneficiaries. We continued with our programme of grant applications and in addition began lo develop a campaign lo help increase Individual onalions. We have seen a marked increase in the latter. In the financial year 2021122 these donatiS were around the £5000 per year mark. The last years have seen these donations total over £22,000 per year. We had considerable success in grant applications during the year. including the securing of a further five years Big Lottery Community Fund grant We also secured a grant 01 £25.000 from the Garfield Weston Foundation towards our core costs. This was the third time the Foundation have supported our services, the ffir$t being in 2017 with support lo expand our Dean Sl service delivery. The James Knott Trust have supported us with an award of £9,000 per year for kn years and Bemicia Foundation awarded £10.000 After raising our financial eoncems al a Homelessness Forum meeting early in the year we secured an unrestricted grant of £10,000 from Northumberfand County Council. The success of our efforts has resulted in the reversal of two years of overspend to a balanced budget for this financial year. and we have every confidence that the budget sel for 2024125 will continue this financial piogress towards meeting our resetves tsrget. The policy of the charity regarding unrestn.cted funds remains unchanged and we will continue lo deavour to maintsin these fLtnds al a level equivalent lo between three and Six month's expendrture. The trustees recognise that a level on uncertainly remains, particulady as regard the continuing cost of living erisis, hoNever, feel that adequate financial provision 1$ in place to gnsure the continuation of service delivery Despite the staffing re-$lnJclure offering an element of saving on staffing costs the expenditure on staffing has increased on the previous year. This reflects increased hourfy rates for support staff in line wlh our commitment lo be a Real Living Wage employer and the increase in management rates in line wrth inflation. Payments for On- Call and Sleep-in have also increased by 2%. ilsl rentsl ineome has increased significantly on the previous year this still remains around 62% of our totsl income for the year. The financial climate in which we operate remains challenging. The expansion of services across tsvo sites and the possibility of income generation from leasing Dean Sl mainS a key element of our Business Plan. As doe$ the expansion of the renting of office and training space in Links House. The realisation of Ihese elements of the Business Plan will help in meeting oui aim of providing financial security foi the organisation by increased eamed income. The aim of diversifying our service provision to include long lemi supported housing also remains a part of our finanual stability planning. The trustees continue lo recognise the need lo review composition of the board. looking al broadening the diversrty. age and skills base within the board and addressing the issue of succession. We have had some success in Tiuslee recruitment this year and welcomed Jo Costello lo the Borad in DMber. Working as an independèni consultant for women-led organisations Jo brings mueh needed gxperb'$e in developing and delivering women's services. We intend lo continue to search for new Trusleeg and will be exploring the ways we Can expand and develop our advertising content and reath during the coming year. Succession ptanning also remains to be addressed and again this will be reviewed in the next finanryal year.
GAP SUPPORTED HOUSING TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Fundern In tho y•ar h4v• In¢lud•d: The Big Lottery Community Fund.. The Community Foundation North East,. The Community Foundab'on Durham., Garfield Weston Foundation,. The Joicey Trust,. The James Knott Trust,. Bemicia FoL¢ndatlon." Northumb8rland County Council.. The Henry Bell Trust,. Hexham Trlnlty Methodist Church,. Hexham West End Melh¢)di$t Churth., Sl Andrew's Church Corbridge,. Stocksfield Methodist Church and several individuals who have supp)rted us with either a one-off donation or vi8 regular givirvj. We express our thanks to all who have helped us throughout the year.
GAP SUPPORTED HOUSING TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Struclure. governance and manag•m•nt The trustees. who are also the dlre¢tors for the purpose of company law, and who 8erved during the year and up lo the date of signature of the financial stat•m•nts were.. A Bertram R Thgobalds K Norman V Miller C Brinlon J Costello (Appointed 1 December 20231 The overall responslbilty for the charity is held by the Board of Trustees. Trustees are recruited in a number of ways., by personal reeommendalion from existin9 members, vla advertising in local press- indivlduals havo contacted the charity directly asking how they can help. None of the trustees ha8 any beneffidal interest in the company. Al of the trustee$ ar• members of the company arKI guarantee lo contribLrte £1 In tho •v•nl of a winding up. The tN$t port was approved ty th$ Board of Trustees. A Bertram Trustee Daled.. 19 Decembor 2024
GAP SUPPORTED HOUSING INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GAP SUPPORTED HOUSING I report to the trustees on rny examination of the financial 5tstements of Gap Supported Housing Ilhe charity) for the year ended 31 March 2024. R&spon8lbllltie$ and b4$i$ of report As the truslees of the charity land also ils directors for the purposes of company lawl you are responsible for the preparation of the finanaal statements in accordance wrth the requirements of the Companies Act 20C6 (the 20C6 Aeti Having satisfied myself that the financial slalements of the charity are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charty's financial stslements carried out under section 145 01 the Charities Act 2011 {Ihe 2011 Acll. In carying out rny exatninats'on I have followed all the applicable Directions given by the Charty Commission under section 14515llbl of the 2011 Aca. Indgpendent examlner's ststsmenl Since the charity's gross Income exceeded £250.000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confim that l am qualified lo undertake the examination because l am a member ofACCA, which is one of the listed bodies. I have completed my examinatson. I confirm that no matters have come lo my attention in conneth'on wlh the examination giving me cause lo lIeVe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Aet,. or the financial statements do not accord Imth those records.. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the aecounts give a true and fair view which is not a matter considered as part of an independent examination, or the financial statements have not been prepared in accordance wi(h the methods and principles of the Slalemenl of Recommended Practice for accounting and reporting by eharities applicable lo charitie5 preparing their accounts in a¢cordance with the Financial Reporting Standard applicable in the UK aTh Republic of Ireland IFRS 102). I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding ol the financial Stslements lo be reached. Peter Ledgerwood FCCA JRL Accountants & Busines$Adwsors 93 Montagu Avenue Goslorth Newcastle upon Tyne NE3 4S8 Dated." 20 December 2024
GAP SUPPORTED HOUSING STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrict•d Restrkted funds funds 2024 2024 Total Unrostrlcled Restrictsd funds funds 2023 2023 Totsl 2024 2023 Notes In om Don81itsns and legacies Charitable activities 26,832 222,590 26.832 335,929 28,938 188,893 28,938 256,188 113.339 67,295 Total Incorne 249,422 113,339 362,761 217,831 67.295 285,126 Charitable activities 244,444 83.093 327,537 244.789 67,233 312,022 Net Incomellexpèndltur8) for the yearl Nel movement In funds 4,978 30.246 35,224 126,9581 62 126,896} Fund balances at l April 2023 197,675 12,187 209,862 224,633 12,125 236,758 Fund balances at 31 March 2024 202,653 42,433 245,086 197,675 12,187 209.862 The statement of finan&al activities includes all gains and losses recognised in Ihe year. Al inccme and expenditure derive from conlinuing activitie$. The statement of financial activities also complie5 with the requirements for an income and expenditure account under the Companies Act 2006. 10-
GAP SUPPORTED HOUSING BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Flx•d assets Tangible assets 189,817 193.090 Current assets Debtors Cash at bank 8nd in hand 10 810 86.614 12,938 34,479 87,424 47,417 Credltor8: amounts falllng due within one year 12 113,3551 112,945) Net current assets 74,069 34,472 Total assets less current Ilablllties 263,886 227.562 Credltors: amounts falllng due after more than ono year 13 118,8001 117,7001 Net assets 245,086 209,862 Income funds Restricted funds Unrestricted funds 14 42,433 202,653 12,187 197,675 245,086 209.862 The company Is entitled lo the exemption from the audit requirement contaird in section 477 of the Companies A 2006. for the year ended 31 March 2024. The direclors acknowledge Ihgir responsibilities for complying with the requiremenls of the Companies Act 2006 wrth respect lo aceounling rKords and the pparatiOn of financial ststements. The members have not required the compary to obtain an audit of rts financial statements for the year in qStIOn in accordance with section 476. These financial stalemgnts have been prepared in aordanCe wlh the provisions applicable to companies subj'ect lo the small companies regime. The finan lements were approved by the Trustees on 19 08mber 2024 A Bertram Trustse Company reglstratlon number 06944 11
GAP SUPPORTED HOUSING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Charlty Inforn)atlon Gap Supported Housing is a private company limited by guarantee incorwrated in England and Wales. The registered office is Office 4. 4 Me81 Market, Hexham, Northumberfand, NE46 1NF, United lfjngdom. 1.1 Accountlng ¢onv•ntion The finanaal slalements have been prepared in accord8nce with the charity's Memorandum and Artide's of Associat¢on, the Companies Act 2006, FRS 102 °The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102°} and the Charities SORP "Accounting and Reporting by Challlies.. Statement of Recommended Pra¢ti¢e applicable to charities preparing their accounts in eccordance with the Finanual Reporting Standard applicable in the UK and Republic of Iland IFRS 1021. leffective 1 January 20191. The charity is a Public Benefft Entity as defined by FRS 102. The charity has tsken advanlage of the provisions in the SORP for charities not lo prepare a Stat8nent of Cash Flows. The financial statements are prepad in sterfing, which is the functional currenw of the charity. Monetsry amounts in these financial slalements afe rounded to the nearest £. The finanaal ststemenls have been prepared under the historie81 cost convention, modified lo include the revaluation of freehold properties al fail value. The piincipal aecounling pojicps adopted are sel out below. 1.2 Golng concern At the time of approving the financial statements. the Iruslees have a reasonable expectslion th81 the tharily has adequate resources to continue In operational existence for the foreseeable ftjlure Thus the Iru51ees contsnue lo adopt the gng concem basis of accounting in preparing the financial $ts1omerrts, 1.3 Charltsble funds Unrestiicted funds are available for use at the discrth'on of the trustee$ in furtherance of their charitable obj'ectives. Re$lricled funds are subject lo condllions by donors as lo how they may be used. The purposes 8nd uses of the reslricled funds are sol out in the notes to the financial slalemenls. Endovment fvnds are subject lo specrfic conditions by donors th81 the Pital musl be maintained by the charity. 1.4 Income Income is recognised when the charity is kgally entitled to il after any perfomiance conditi.ons havg been mel. the amounts can be measured reliably, and il is probable that income wll be received. Cash donations are recognised on reCp1. Other donations are recognised once the charily has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised al the b'me of the donation. Legacies are recognised on feceipt or otherwse if the ch8rity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is tre81ed as a contingent asset. 1.5 Expend5ture All expendiluie is recognised by the charity when Ihe liabilty has been incurred. Expenditure is recognised on an accruals basis as the liability is incuffed. 12-
GAP SUPPORTED HOUSING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 A¢countlng pollcles (Continued) 1.6 Tanglble ftxed assets Tangible fixed assets are initially measured at cost and sub5equentfy measured al cost or valuation, net of depreciation and any impaimenl105ses. Depreuation is recognised so as lo write off the Cost or valuation of assets less their residual values over their useful lives on the followng bases.. Land and buildings Fixtures. frttings & equipment Revalued annually 25% Reducing Balan The gain or loss arising on the disposal of an asset is detem)Ined as the difference befven the sale proceeds and the Carrng value of the asset, and is recognised in the stslemenl of finanaal activtties. Properties %those fair value can be measured reliably are held under the revaluation model and are carried al 8 revalued amount. being theif fair value al the date ol valuation less any subsequent accumulated depreciation and subsequent accumulated impairnient losses. The fair value ol thè land and buildings is usually considered to be their market value. Revaluation gains and losses are recogniseil in other recognised gains and losses and accumulatsd in equity. except to the extent that a revaluation gain verse$ 8 revaluation loss previously recognised in nel incomel lexpenditurel or a revaluation loss exceeds the accumulated revaluation gains recognised in equrty.. such gains and loss are recognised in net incomel{expendilurel for the year. 1.7 Impairment of fixed assets At each reporting elld date, the charity reviews the carrying amounts of ils tangible assets lo determine whether there is any Indication Ihal those assets have suffered an impaim)enl loss. If 8ny such indulion exists. the e0verable amount of Ihe asset is estimated In order to determine the extent of the impairment loss lif any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call wlh banks, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Fin•n¢lal Instruments The charity has elected lo apply the provisions of Section 11 '8asic Fin8nci81 Instruments, and Section 12 'Olher Financial Instruments Issues. of FRS 102 to all of rts finanoal Instruments. Financial inslrurnenls are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the inslrumenl. Financial assets and liabilities are offset. th the net amounts presented in the financial slalemenls. when there is a legally enforceable righl to set off the recognised amounts and there is an intention lo settle on a nel basis or lo realise the asset and settle the liabilty simultsneously. Basic financlal assets Basic financial assets. which include debtots and cash and bank balances. are initially measured ai transaction price Includin9 transaction costs and a subsequently carried al amortised cost using the effective interest method unless the arrangement constilules a financing transaction. where the transaction Is measured al the present value of the lulure receipts discounted al a markel iale of interest. Financial assets classified as receivable within one year are not amortised. 13-
GAP SUPPORTED HOUSING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Contlnuedl D•rncognition of financlal assets Financial assèts are derecognised only when the contractual rights lo the cash flows from the asset expire or are setued, or when the chafily transfers the financial asset and subslanlially all the risks and rewards of ownership lo another enlily, or if some significant risks and rewards of ownership are retsined but Control of the asset has transferred to aTh)Iher paty that is able lo sdl the asset in ils entirety lo an unrelated third party. 8asie financlal liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unle the arrangement constitutes a financing transaction, where the debt instrument is measu al the present valu8 of the future payments discounted al a market rale of inlerèsl. Finan01 liabilits'es classified as payable wf(hin one year are not amortised. Debt instruments ale subsequently carried al amortised cost, using the effective interesl rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the Ordin course of operatsons from suppliers Amounts payable are classified as current liabilities if payment is due within one year or less. If nol, they are presented as non-current liabilits8s. Trade creditors are recognised initially al transaction price and subsequently measured at amortised cost using the effective interest method. D•rntognltion of Ilnanclal Ilabilltffes Financial Iiabililies are dewognised vA)en the charty'$ contractual obligations expire or are distharged or cancelled. 1.10 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are received. Teminalion benefrts are recognised immediately as an expense when the charity is demonstrably committed to lerniinale the employment of an employee OT to provide lerminat¢on benefrt5. 1.11 Rètlremgnt beneflts Payments to defineif contribution retirement berbefrt schemes charged as an expense as they fall due. crftlcal a¢¢ountlng estlmates and Judgements In the appliealion of the charity's aountIng policies, the trustees are required to make judgements, estimate5 and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources The eslimales and associated assumpb'ons are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to a¢counling eslimales are recognised in the period in whith the estimate is revised where the revision affects cnly that period, OT in the period of the revision and fLrture periods where the revision affects both current and future peritxls. 14.
GAP SUPPORTED HOUSING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Don•tlons and l•gacl Unre8trlct•d Unr•strlct•d fvnds fund• 2024 2023 Donations and glfts 26,832 28.938 Charltabl• a¢tfvitles 2024 2023 Rental income recèlved Grant$ received 222,590 113,339 183.893 72.295 335,929 256,188 Anatysi8 by lund Unrestricted fijnds Restri¢t•d funds 222.590 113.339 335.929 For the yoar ended 31 Mar¢h 2023 Unrosiricted funds Re81ricted funds 188,893 87,295 256,188 Grants r•c•lv•d The National Lottery Community Fund Help The Homele$$ Jolcey Trust Garfield Weston Foundation Hadrian Trust Bemia8 James Knott Tru81 Northumberland County Councll County Dutham Community Fund 50,839 2,$00 3.000 25.000 1,000 10,000 9.000 10,000 2.000 61,995 10,300 113,339 72.295 15-
GAP SUPPORTED HOUSING NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Charltabl• a¢tlvltles 2024 2023 Staff costs Depreciation HR $upport costs Rent and rates Insurance Light and heal Mainlenan¢e Repairs and renewal$ 207,649 3,272 2,140 38.726 5,534 34,678 7,496 4,930 195,869 4,363 2,392 36,215 4,917 28,860 6,348 7,586 k 11 Postsge and slalionery Telephone Office costs Travelling expenses Legal and professional fees Recruitment costs Sundry expenses Accountancy 2.088 6,309 4.208 215 1,985 1.438 6.049 820 2,010 7,131 4,317 49 931 2,605 6.729 1.700 327.537 312,022 327,537 312.022 Analys1$ by fund Unrestricted fvnds Restricted funds 244,444 83.093 244,789 67,233 327,537 312.022 Tru¥ts•• None ol the Irustaès lor any persons connected with them) received any remuneration during the year and none of them were 1MbUl$ed any expenses. Employo68 The average monthly number of employees during the year was.. 2024 Numb•r 2023 Numb•r Management Homeless Support Tolal 16-
GAP SUPPORTED HOUSING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees (ContSnugdl Employment Costs 2024 2023 Wages and salaries Social security costs Other pension costs 192,521 11,260 3,868 182.134 10,882 2,853 207,649 195,869 There were no employees whose annual remuneration was more than £60.000. Taxation The charity is exempl from lax on income and gains falling wlhin section 505 of the Taxes Act 1988 or section 252 of the Taxationof Char9eable Gain$Acl 1992 to the extent that these are applied lo its tharitable objects. Tanglble flxed assets L•nd and building$ Flxtur•s. fittings & oquipment Total Cost Al 1 April 2023 180,000 51.750 231,750 At 31 March 2024 180,0¢)0 51,750 231,750 Deprnclatlon and Impalmient At 1 April 2023 Depreciation charged in the y&ar 38,661 3,272 38,661 3,272 At 31 Marth 2024 41.933 41.933 Carylng amount At 31 Mareh 2024 180,000 9,817 189,817 Al 31 March 2023 180,000 13,090 193.090 The carrying value of land induded inland and buildings comprises.. 2024 2023 FehOld 180,000 180,000 17-
GAP SUPPORTED HOUSING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tanglble fixed assgts {Contlnued} The company owns tsvo properties, being numbers 4 and 5 Dean Street. Number 4 Dean Street has been owned by the charity since it's purchase in 2000 and number 5 Dean Street was transferred lo the charity in 2010. The combined properties are valued al their deerned cost of £180,O¢JO, which was calculated based on an independent third paty valuation carried out by Rook Mathew Sayer in 2011. The Iruslees believe that this valuation continue$ lo reflect the fair value of the propety based on sales pri¢8s of similar properties in the area. 10 Debtorn 2024 2023 Amounts falllng due wlthin one year: Trade debtors 810 12,938 11 Loans and overdrafts 2024 2023 Other loans 19,680 20,340 Payable withSn one year Payable after one year 880 18,800 2,640 17,700 The l¢)an from the Quaker Housing Trust is interest free, unsecured and is repayable in equal annual inslalmenls over a period of up lo ten years. 12 Crodltors: amounts falllng due wlthln one year 2024 2023 Borrowings Trade creditors Other creditors Aceruals and deferred income 880 4.235 5,424 2,816 2,640 1,830 4.745 3.730 13.355 12,945 13 Credltors: amounts falllng due after more than one year 2024 2023 Borrowings 18,800 17,700
GAP SUPPORTED HOUSING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Re$trlcted funds The income funds of the charity include restn.cted funds comprising the followng unexpended balan$ of donations and grants held on trust for specrfic purposes.. Movement in fvnds Balance at InGornlng Resour¢ Balance at l Aprll 2022 ROK*ur$ Expended 1 Aprfl 2023 Movemenl In funds Incoming Resources B•l•n¢e at R080urc¢• ExpEnd8d 31 Alwch 2024 The National Lottery Community Fund- RC North East & Cumbria Region Help The Homeless Community Foundation Durham Joicey Trusl Garfeld Weston Foundation Hadrian Trust Bemiaa James Knott Trust Northumberfa nd County Council 12,125 61,995 181,9331 12,187 50,838 {45.426 17,599 5,000 {5.0001 2.500 12,5001 300 13001 2,000 3.000 (2,000 (3,0001 25,000 1.000 10,000 {14.5831 (1,0001 18331 10.417 9,167 9.000 13.750) 5.250 10,000 110,0001 12,125 67,295 167,2331 12,187 113,338 {83,092) 42,433 15 An•tysls of net assets b8tween funds Unrtstricted Restrlcted Funds Funds 2024 2024 Total Unrestricted Rostrlcted Funds Funds 2023 2023 Total 2024 2023 Fund balances al 31 Mah 2024 are represented by.. Tangible assets Current assetsllliabilitiesl Lon9 term liabilrtie$ 189.817 31,636 118,8001 189,817 74,069 (18,8001 193,090 22,347 (17,7001 193,090 34,472 117,700} 42,433 12,125 202.653 42,433 245,086 197,737 12,125 209.862 19-
GAP SUPPORTED HOUSING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Opèratlng l••s• ¢omm5tments Al the reporting end dale the charity had oul$tanding commllments for fuluTe minimum lease payments under non-cancellable operating leases, vthich f811 due as follows.. 2024 2023 Vthin one year Betsveen 8n(i five years 29,880 29.880 29,880 59.760 59.780 89,840 The operating l•a¥es represent 8 lea$e from Karbon Homes. The lease is for a pertod of 20 y•ars, however there 18 an option of a break at 3rd March 2026. 17 R•latsd paty iran84¢¢lons Thgre were no di10$able related paty transactions during the year (2023- none). -20-