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2026-03-31-accounts

REGISTERED COMPANY NUMBER: 07492338 (England and Wales) REGISTERED CHARITY NUMBER: 1141044

SHREWSBURY HOMES FOR ALL (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

SHREWSBURY HOMES FOR ALL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

Page
Reference and Administrative Details 1
Trustees' Report 2 To 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Statement of Financial Position 11 to 12
Notes to the Financial Statements 13 to 19

SHREWSBURY HOMES FOR ALL

REFERENCE AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 MARCH 2026

TRUSTEES Mrs C Crackett Mr A D Marshall Mr B Parr Mr A T Lines (resigned 24.12.25) Mr E A Potter COMPANY SECRETARY Mrs C Crackett REGISTERED OFFICE The Roy Fletcher Centre 12 - 17 Cross Hill Shrewsbury SY1 1JE REGISTERED COMPANY 07492338 (England and Wales) NUMBER REGISTERED CHARITY NUMBER 1141044 INDEPENDENT EXAMINER TCA (Shrewsbury) LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY1 1ED CHIEF OFFICER Mrs Joanne Gough

Page 1

SHREWSBURY HOMES FOR ALL

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2026

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2026. The trustees have adopted the provisions of 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

Shrewsbury Homes for All was established as a company limited by guarantee (Companies House number 7492338) and registered charity (Charity Commission number 1141044) in 2011. A charity with the same name was established in 1993 as an unincorporated body and all the assets of this first charity were transferred to this incorporated charity on 1 April 2011.

The charity is constituted by a set of Memorandum and Articles of Association dated 10th January 2011, revised on 10 November 2021 to include provisions for remote and hybrid meetings and decision making by email.

Governance

The management of Shrewsbury Homes for All is the responsibility of the trustees who provide leadership and set the strategic objectives of the charity, including the preparation of the business plan and annual budgets, and monitor progress with regard to delivery.

The principal business of the charity is the provision of independent housing advice, the letting of properties and collection of rents on behalf of private landlords and the provision of support services to those who are homeless, inadequately housed or vulnerable.

The Shrewsbury Homes for All trustees are elected and co-opted under the terms of the Memorandum and Articles of Association. Shrewsbury Homes for All strives to ensure that its trustees are representative of the local community. Current trustees include a local landlord. Trustees are elected at the Annual General Meeting (AGM) by rotation and may be co-opted between AGMs.

Policies adopted for the induction and training of Trustees

All new trustees are encouraged to familiarise themselves with the practical work of the charity. In addition, they are provided with an induction pack of guidance notes detailing their responsibilities and providing them with the main documents which set out the operational framework for the charity, including

In addition, trustees are encouraged to attend any available training and take an active role in the organisation wherever possible.

Organisational structure and decision making

The day to day running of the charity is delegated to the Chief Officer. Decisions on employment of staff are taken by the trustees in consultation with the Chief Officer. Policy and financial decisions are made by the trustees in consultation with the Chief Officer.

Page 2

SHREWSBURY HOMES FOR ALL

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2026

Risk management

The trustees have assessed the major risks to which the charity is exposed on an ongoing basis, in particular those related to its operations and finances. The major risk is the current lack of sustainable funding and local authority financial instability. The impact of the Renters Rights Act on the willingness of landlords to consider vulnerable tenants also presents a challenge for the charity. The trustees have ensured that the accounts contain sufficient reserves to cover the costs associated with the orderly closure of the charity ensuring all our tenants remain securely housed. They also remain committed to looking for alternative sources of future funding through other available grant streams.

OBJECTIVES AND ACTIVITIES

Policies and objectives

The principal object of the charity as stated in the articles is 'To relieve those in need of assistance, in particular but not exclusively people who are homeless, in housing need or who need help to avoid homelessness.' Strategies and policies are agreed and implemented in order to achieve this object. The range of services provided by Shrewsbury Homes for All link together to reduce homelessness in the Shrewsbury area and improve the quality of life for all who contact the charity.

Activities

The main activities of the charity continue to be:

Advice Services

Financial Help

Rent account scheme - collecting the four weekly housing benefit payments or universal credit housing

Support Services

Tenancy and Housing Support Service

This high-demand service was funded for the period 2023-2025 through support from The National Lottery Community Fund, together with matched funding from SHFA reserves.

The service has proved both popular and essential, providing support to individuals who are homeless, at risk of homelessness, or living in inadequate housing. Although a subsequent funding application to The National Lottery Community Fund was unsuccessful, due to increased pressure on available funding and difficult allocation decisions, the trustees have agreed to continue the service. Additional funding will therefore be provided from unrestricted reserves while further external funding opportunities are actively pursued.

Page 3

SHREWSBURY HOMES FOR ALL

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2026

Ad-hoc Support

Operating daily via telephone and electronic communication, this service provides responsive support for people with immediate or short-term needs. As the first point of contact for the charity, it offers information, triage, and signposting to relevant services, ensuring individuals are connected with the most appropriate support. It remains the only county-wide open-access drop-in service available to all.

These support activities achieve our objects in the following ways:

Volunteer Services

Shrewsbury Homes for All whilst not overly reliant on the use of formal volunteers is supported by individuals who undertake administrative functions and provide IT support.

Public Benefit

All Shrewsbury Homes for All activities have been undertaken with reference to the Charity Commission guidance on public benefit and are available to all. Shrewsbury Homes for All operates within an Equity and Diversity policy.

Liaison with other Organisations

Shrewsbury Homes for All is involved in initiatives to combat the problem of homelessness in the local area, and is represented on:

Shrewsbury Homes for All liaises with, and receives referrals from, other agencies including:

Page 4

SHREWSBURY HOMES FOR ALL

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2026

ACHIEVEMENTS AND PERFORMANCE

New clients and initial contact: 282 Service Users housed: 23 Drop-in sessions: 802 Number of Rent accounts: 49

Tenancies maintained for

over 1 year: 16 over 5 years: 9 over 10 years: 13 over 15 years: 6 over 20 years: 3

We see the length of these tenancies as evidence that, through our rent account and support schemes, we are helping our clients to achieve a stable lifestyle.

Although we have not needed to utilise our bond guarantee scheme during the year, we have helped tenants and clients to apply for council funded Discretionary Housing Payments to secure tenancies. We have managed an average of £22,164 in rent payments per month through our rent accounts and we have 25 landlords letting through us.

We have offered signposting, support, advice and drop-in sessions by telephone, electronic means and face to face meetings. These 802 sessions covered form filling, online benefit applications, support accessing grants and services and help with making Homepoint applications and bids. During the year we also provided a formal tenancy support service to a total of 20 people. This support can last for many months, depending on the needs of the client. We are increasingly supporting people with complex needs who may previously have received dedicated social work support. These needs often include a combination of mental or physical health issues, financial hardship, social isolation, or difficulties accessing services, requiring more intensive and sustained support to help them maintain stable housing and wellbeing.

Universal Credit is now the primary benefit accessed in Shropshire, while those on legacy benefits are gradually being transferred over to this system - SHFA have been instrumental in supporting this transition. We have assisted new tenants to access Shropshire Council's Discretionary Housing Payment (DHP) service for rent and deposit in advance. To tackle any delays with this, we use our DHP bridging fund so that we are able to pay our landlords on time whilst we await the funds. This has helped maintain our good working relationship with our current landlords and is a good incentive for prospective landlords. The cost-of-living crisis, Renter's Rights Act and higher financial commitments for landlords generally, have of course had an impact on the availability of affordable housing across the board. Alongside our ongoing relationships with longstanding landlords, we continue to recruit new ones and build strong relationships with other housing providers.

We offer a rent collection service, and we work with tenants, The Department of Work and Pensions and the Housing Benefit office to help ensure that all the correct forms are completed, and payments are made. We see the provision of decent, affordable housing as essential for people attempting to get into work and develop relationships. We are very grateful to our existing landlords, many of whom have been letting through us for several years, and who are willing to give people the opportunity to get a foot on the ladder. The success of our service is demonstrated in that 6 of our tenants have been in properties with Shrewsbury Homes for All landlords for over 15 years and a further 3 for over 20 years.

Tenancy support is available to all new tenants but can also be accessed throughout the tenancy if the need arises. This can be accessed formally via our Housing Support service (for which we run a waiting list), or on an ad hoc/drop-in basis. Our formal housing support and drop-in support services are also available for non-tenants who have a prevailing housing/homelessness or tenancy issue. We regard the availability of our ongoing tenancy support as a vital element in sustaining tenancies and homes.

Page 5

SHREWSBURY HOMES FOR ALL

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2026

Financial review of the year

The year shows a deficit of £51,782 (2024/2025 £97,704 surplus).

Working closely with the Chief Officer, the trustees will continue to pursue funding from a wide range of potential sources. Securing sustainable, rather than one-off, funding remains challenging in the current climate, and we therefore continue to explore all available options, including potential partnerships and collaborations, to strengthen opportunities for future funding and ensure the ongoing support of our beneficiaries.

Our costs have been reduced as far as possible whilst still maintaining high standards of service. The trustees have also agreed to use unrestricted reserves to help sustain our services for the benefit of those who rely on us, and to retain experienced staff so that the quality of our provision can be maintained while further funding is secured.

We are grateful for the support received through CAF Donate and via our website, alongside one-off contributions from Montford Parish Church (£50 and £250). We were also pleased to receive a grant and donation from the MDRT Foundation (£3,626 and £735.60), which has helped us to continue delivering our charitable work.

We were touched to receive £203 in funeral donations made in memory of Ann Walters. We are sincerely grateful to Ann's family and friends for thinking of our charity at such a difficult time and for choosing to honour her memory through their support.

We were also pleased to be awarded funding through the Tesco Stronger Starts programme (£1,500 in total across 2025/26 and 2026/27), following support from local shoppers through the in-store voting scheme.

SHFA continues to value the support of The Millichope Foundation, whose grant funding has increased from £3,000 to £5,000 per annum for the next three years. This ongoing commitment provides valuable stability and support.

SHFA received a significant grant towards the end of the previous financial year. This funding was used to support sustainable income initiatives in that year and has been carried forward to continue supporting these activities in the current year.

Shrewsbury Homes for All meets the definition of a public benefit entity under FRS 102.

Reserves

Designated and general funds are separately disclosed in note 8 of the accounts and are defined as follows:

General Funds - reserves available to spend at the discretion of the trustees in furtherance of the charitable objectives of the Charity. These were substantially increased on the last day of the financial year when we received an unexpected donation.

General reserves held at the year-end were £61,526 (2025 £116,397).

Designated Funds - It is the trustees' policy to maintain sufficient designated reserves to cover all commitments in the event of a significant reduction in activity or winding up. The amount held is reviewed annually due to the constantly changing funding regimes and in the light of the risk management process. The running of rent accounts and holding of bonds for tenants requires a considerable amount of money to be ring-fenced to ensure all commitments can be met. Furthermore, the reserves to cover the winding up of the charity needed to be sufficient to cover up to six months' running costs so that all the open rent accounts and bonds could be successfully transferred to another organisation without endangering any of the tenancies and ensuring a good service for both our landlords and tenants.

Page 6

SHREWSBURY HOMES FOR ALL

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2026

The trustees have designated £50,000 for the continuation of the Housing Support Service to ensure that this can continue until further funding is secured.

£30,000 has been designated as a Business Development Fund and the trustees have embarked on a process to determine the best way forward for the charity with a view to using these funds as seed money for any new direction we need to take.

Challenges

Our sector is currently facing challenges in provisions and funding, which is reflected on a national scale.

Requirements for landlord compliance is becoming stricter, especially with the introduction of The Renter's Rights Act from May 2026. This is resulting in many landlords leaving the sector and making difficult business decisions. There are also considerable strains on social housing stock, with waiting lists stretching into years to secure an appropriate property. This is having an impact on affordable housing and availability of housing, meaning an increase to those reaching out to our service.

Funding streams from statutory bodies are also lessening. Once fully funded, support and assistance services are now in jeopardy due to the uncertainty of sustainable income. Non monitored grants have also become harder to attain as there is more competition between those applying, and less provision now that Cost-of-Living grants have decreased.

On a national scale, the continued cost-of-living crisis, benefit migration issues, high private rental prices and lack of social housing are making affordable housing options scarce. Our team works hard to provide benefit and grant information to clients and tenants, helping to boost people's income and maximise their finances.

Environmental, Social and Governance impact

The trustees recognise that housing provision has an environmental impact and that energy efficiency helps manage both costs and climate related risks for tenants. During the year, information was shared with landlords on considering energy efficiency and compliance. The charity also seeks to minimise its own environmental footprint through small office rental, reduced energy use, digital working, low equipment turnover, and encouraging sustainable travel where possible.

Social impact is central to the charity's objectives. Shrewsbury Homes for All provides secure and affordable housing, with support, to individuals and families at risk of homelessness in Shrewsbury and the surrounding area. The charity operates in line with safeguarding requirements and is committed to equity and diversity, ensuring fair access to housing and services through partnership working with local authorities, voluntary organisations and landlords.

The trustees oversee key risks including housing safety, tenant wellbeing and financial sustainability, with ESG considerations highlighted as necessary during regular committee meetings. Future plans include keeping up to date with housing legislation, including the Renters' Rights Act 2026, and strengthening local partnerships. The trustees have adopted a proportionate approach to ESG reporting, reflecting the size and nature of the charity.

Future plans

Our future plans consist of attaining funding for our popular housing support service. Grant and funding applications may consider the possibility of a partnership bid to a relevant funder, as meetings and networking with other providers continues.

Noticing a gap in provision, SHFA have sought to offer assistance to all those who contact us for support, signposting or advice. This Triage and Signposting service has developed organically due to the loss of general needs provision across the county. Shropshire Council is now in a position where they have had to reduce funding to only meet statutory obligations; general needs support falls outside this remit. This general needs provision is something SHFA will consider expanding upon if financially viable.

Page 7

RE BURY HOMES FOR ALL TRUSTEES. REPORT FOR THEYEAR ENDED 31 MARCH 2026 We are committed to continue working in infomial partnership with Statutory, housing and voluntary organisalions to serve our clients, and explore any meanin9fv1 inilialives wo are party to, such as Homelessne35 Forunis, charity and comrnunity-fo¢u$ed èvents, LG8TQ+ and veteran nefv40rking events, and lialson with a local advocacy charity. We have also begun developing a new partnership initiative with Shropshire Council's Rough Sleeping T83m. Although still in its early stages, the project aims to create opportunities for identified rough sleepers to access private rented accornmodation through one ol our landlord partners, with coordinated support from both organi8ations lo help sustain Ihts l&nancy and promote long-term housing stability. Our work wf¢h landlords is always ongoing as we continue lo recruit new individuals willing to let to people on benefits and low incomes and lo Support thosa who already do so. The many change5 to the benefit$ system. and new Renter's Rights Act legi8lation are confusing to many, not only landlord9, and we wlll c¢nlinu• to support them as the r6qUITements continue to change and evtslve. TRUSTEES. RESPONSIBILITY STATEMENT The trustees (who are also the director5 of Shrw$bury Home$ For All for the purposes ol company lawl ale responsible for preparing the Trustees, Report and the finanaal statements in accordance with applicable law and United Klngdom Accounllng Standard$ (United Kingdom Generally Accepted AC￿￿ntIng Pracli¢el including Financial R&porting Stsndard 102 'The Flnan¢l41 Reportlng Standard applicable in the UK and Rtspubllc of Ireland" Company law raqulres th8 trustees lo prepare financial statements for each financial year. Under that law. the Iru$t8es hav& elected to prepare the financial ytslemenls in a¢¢ordan¢e with United Kingdom Generally Accepted Accounting Practice (Untted Kingdom Accounllng Standardg and applicablo lawl. Under ¢omp•ny Iw tho tru$l&•$ musl not approve the financial slalements unless Ih•y ar• satisfied that they giv• a tru• and fair view ol the stale of affairs of the charitabl? ctrmpany and of th& incoming resources and application of resources, including th• in¢om• and eKpenditure, of the charitable company lor that p•rtod. In prop8ring thos• financial $tsl•m•ntg, the trustees are required to select suitable accounting poli¢ie$ and then apply them consistently., ob$erv• th& m•thods and prinaples in the Charities SORP., makejudgemenls and estimates that are reasonable and prudent., prepare the financ4al Blatemonts on th• going concern basis unless il is In•pproprlal& lo pre•um• that th• charitable ¢omp8ny will continue in business. The trustees are responsible for keeplng proper accounting records which disclose wrth reasonable accur4cy al any lime the financial position ol the charitable company and to enable them lo ensure tral thè financial statements comply with the Companies Act 2006. They are also re8ponsible for safeguarding the assets of the charitable cKJmpany and hence for taking reason8bl• $lp$ for th• pravention and detection of fraud and other irreguLarrties. Approved by ord&r ofthe board oflrustees on....... .and signed on ils behalf by.. Mrs C Crack•tt- Trustee Page 8

INDEPENDENT EXAMINER'S REPORT TO THE TR SHREWSBURY HOMES FOR ALL STEES Independent oxaminerfB reportto the trustges of Shr8wsbury Hom•s ForAII I'tho Company'l rFJPQrt to the ¢harity trustees on my examination ol the accounts of the Company lor the year ènded 31 March 2026. Responsibilities and basis of report A5 the charity's Iruslees ol the Company l¥nd algo tis director$ for the purposes of company lawl you are responsibl¢ for th pr¢parati¢n of the accounts in accordance with the requirements of the Corrpanies A¢t 2006 I'th• 2006 Act'l. Having satisfied myself that the ac¢ounts of the Company are not required lo be audited under Part 16 01 the 2006 Act and are •ligible for independent examination, I report in respect of my examination of your charity, accounts as ￿rrIed out under Section 145 01 the Charitie5 Act 2011 I'lhe 2011 Act'l. In carrying ¢(rt my examination I have followed the Dir¢lion$ giv&n by th8 Charity ComMiss￿n under Section 145151 Ibl of the 2011 Ind•p•ndent xamln•rf• $tst•m•nt I have completed my examination. I confirm that no matter5 have come lo my att•nlion in conn•ction with the 8xamination giving me cause to believe.. 8¢counllng record8 Wtr• not k•pl in r•8p•cl of the Company as rfjquired by Section 388 of the 2006 Act., or the account8 do not accord with those Tecords,. or the accounts do not comply with the accounting requirements of Seth'on 396 of th• 2008 Act olhgr than any requirement that the ?¢¢ounl8 give a tru• and fair vi•w which is not a matter cOns￿ered aB part of an independent Kaminalion'. or the accounts have not been prepared in accordance wtth the methods and principleg ol the Slalem•nl of Recommended Practi¢• for ac¢ounling and reporting by charities (applicable to charities preparing Ih•lr ae¢Dunls in aceordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concorns and have come across no other matters in connection with the trxaminallon lo which att•ntion hould be drawn in this report in order to enable a proper und¥rst8nding of th• account$ to ba r8ached. OLllW40. IL)dLLCL44M C m￿￿l￿WIll￿am$ Bsc FCA TCA Ishrewsburyl LLP Third Floor 21 Sl Mary's Street Shrewsbury Shropshire SY11ED Date.. Page 9

SHREWSBURY HOMES FOR ALL

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2026

Notes
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
13,824
Charitable activities
Charitable
3
24,525
Investment income
2
2,247
Total
40,596
EXPENDITURE ON
Charitable activities
Direct charitable expense
88,977
NET INCOME/(EXPENDITURE)
(48,381)
RECONCILIATION OF FUNDS
Total funds brought forward
255,976
TOTAL FUNDS CARRIED FORWARD
207,595		 Restricted
fund
£
-
-
-
-
3,401
(3,401)
3,401
-		 2026
Total
funds
£
13,824
24,525
2,247
40,596
92,378
(51,782)
259,377
207,595		 2025
Total
funds
£
120,916
61,541
8,041
190,498
92,794
97,704
161,673
259,377

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 10

SHREWSBURY HOMES FOR ALL

STATEMENT OF FINANCIAL POSITION

31 MARCH 2026

Unrestricted
funds
Notes
£
CURRENT ASSETS
Debtors
6
942
Cash at bank and in hand
225,842
226,784
CREDITORS
Amounts falling due within one year
7
(15,997)
NET CURRENT ASSETS
210,787
TOTAL ASSETS LESS CURRENT
LIABILITIES
210,787
PROVISIONS FOR LIABILITIES
8
(3,192)
NET ASSETS
207,595
FUNDS
Unrestricted funds
9
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
-
-
-
-
-
-
-
-		 2026
Total
funds
£
942
225,842
226,784
(15,997)
210,787
210,787
(3,192)
207,595
207,595
-
207,595		 2025
Total
funds
£
921
283,243
284,164
(20,790)
263,374
263,374
(3,997)
259,377
255,976
3,401
259,377

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

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continued...

SHREWS8URY HOMES FOR ALL TATEMENTOF FINANCIAL POSITION-con 31 MARCH 2026 nuèd These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial Staternents were approved by the Board ol Trustees and aulhorised for ki$u• and were signed on its behalfby.. Mrs C Crackett- Trustee The notes form part ofth¢50 financial statements Page 12

SHREWSBURY HOMES FOR ALL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. 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 notes to the financial statements.

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SHREWSBURY HOMES FOR ALL

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.See further detail in note 11.

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.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.

3.

INVESTMENT INCOME

Deposit account interest
INCOME FROM CHARITABLE ACTIVITIES
Activity
Landlord contributions
Charitable
Millichope Foundation
Charitable
Grants
Charitable
Grants received, included in the above, are as follows:
The National Lottery Community Fund
The National Lottery Awards for All
Million Dollar Round Table
Groundwork/Tesco		 2026
£
2,247
2026
£
14,037
5,000
5,488
24,525
2026
£
-
-
4,363
1,125
5,488		 2025
£
8,041
2025
£
13,688
3,000
44,853
61,541
2025
£
24,853
20,000
-
-
44,853

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SHREWSBURY HOMES FOR ALL

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025.

5. STAFF COSTS

----- Start of picture text -----
|||| |---|---|---| |2026|2025| |£|£| |Wages and salaries|78,545|75,487| |Social security costs|4,845|5,109| |Other pension costs|(494)|556| |82,896|81,152| |The average monthly number of employees during the year was as follows:| |2026|2025| |General activities|4|4|

----- End of picture text -----

No employees received emoluments in excess of £60,000.

The average number of full time equivalent employees during the year was 3. (2025: 3)

The total remuneration and benefits paid to the key management personnel, to whom the Trustees delegate the day-to-day running of the charity was £39,070 (2025: £37,591).

During the year, the charity has claimed the Employment Allowance credit against Employers National Insurance, a form of financial assistance from the government.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

----- Start of picture text -----
|||| |---|---|---| |2026|2025| |£|£| |Prepayments and accrued income|942|921|

----- End of picture text -----

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SHREWSBURY HOMES FOR ALL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2026

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Social security and other taxes
Tenant loan fund
Client funds - ongoing rent accounts
Client funds held for bonds
Pension creditor
Accruals		 2026
£
2,144
4,923
794
6,225
543
1,368
15,997		 2025
£
2,292
6,757
3,309
7,130
-
1,302
20,790

Shrewsbury Homes for All receives housing benefit and the shortfall due from clients at various times during the month. The money is only paid to the landlord when the rent falls due, so at the year end there is an amount held ready to do this. This amount varies substantially day to day (and so year to year) due to timing issues.

8. PROVISIONS FOR LIABILITIES

PROVISIONS FOR LIABILITIES
2026 2025
£ £
Pension debt provision 3,192 3,997

The provision relates to the estimated pension debt as set out in note 10.

9. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Staffing reserve
Bonds
Pension Debt
Reserves Allocated to Housing Support
Project
Business Development Fund
Restricted funds
The National Lottery
TOTAL FUNDS		 At 1.4.25
£
116,397
41,134
14,448
3,997
50,000
30,000
255,976
3,401
259,377		 Net
movement
in funds
£
(48,381)
-
-
-
-
-
(48,381)
(3,401)
(51,782)		 Transfers
between
At
funds
£
31.3.26
£
(6,493)
61,523
10,502
51,636
(3,204)
11,244
(805)
-
3,192
50,000
-
30,000
-
207,595
-
-
-
207,595

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continued...

SHREWSBURY HOMES FOR ALL

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 40,596 (88,977) (48,381)
Restricted funds
The National Lottery - (3,401) (3,401)
TOTAL FUNDS 40,596 (92,378) (51,782)
Unrestricted funds
Incoming
resources
£
Resources
expended
£
Movement
in funds
£
General fund
40,596
(88,977)
(48,381)
Restricted funds
The National Lottery
-
(3,401)
(3,401)
TOTAL FUNDS
40,596
(92,378)
(51,782)		 Unrestricted funds
Incoming
resources
£
Resources
expended
£
Movement
in funds
£
General fund
40,596
(88,977)
(48,381)
Restricted funds
The National Lottery
-
(3,401)
(3,401)
TOTAL FUNDS
40,596
(92,378)
(51,782)		 Unrestricted funds
Incoming
resources
£
Resources
expended
£
Movement
in funds
£
General fund
40,596
(88,977)
(48,381)
Restricted funds
The National Lottery
-
(3,401)
(3,401)
TOTAL FUNDS
40,596
(92,378)
(51,782)
Comparatives for movement in funds
Unrestricted funds
General fund
Staffing reserve
Bonds
Pension Debt
Reserves Allocated to Housing Support
Project
Business Development Fund
Restricted funds
The National Lottery
TOTAL FUNDS
Comparative net movement in funds, included
in
Unrestricted funds
General fund
Restricted funds
The National Lottery
TOTAL FUNDS		 Net
movement
At 1.4.24
£
in funds
£
44,897
96,583
41,134
-
14,448
-
3,914
-
25,000
-
30,000
-
159,393
96,583
2,280
1,121
161,673
97,704
the above are
as follows:
Incoming
resources
£
165,645
24,853
190,498		 Transfers
between
At
funds
£
31.3.25
£
(25,083)
116,397
-
41,134
-
14,448
83
3,997
25,000
50,000
-
30,000
-
255,976
-
3,401
-
259,377
Resources
expended
£
Movement
in funds
£
(69,062)
96,583
(23,732)
1,121
(92,794)
97,704

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continued...

SHREWSBURY HOMES FOR ALL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2026

9. MOVEMENT IN FUNDS - continued

Designated funds

The trustees have designated the funds of the charity to ensure that we continue to meet of overall aims

and objectives, in detail they are:

Restricted funds

The National Lottery Community Fund represents restricted match-funded grant funding received during the year for providing formal tenancy and housing support.

10. EMPLOYEE BENEFIT OBLIGATIONS

Shrewsbury Homes for All participates in the Pensions' Trust Growth Plan ("the plan"). The plan is funded and is not contracted out of the state scheme.

As at the balance sheet date there were four active members of the Plan employed by Shrewsbury Homes for All. Shrewsbury Homes for All continues to offer membership of the Plan to it's employees, although from October 2013 on a defined contribution basis.

It is not possible in the normal course of events to identify on a reasonable and consistent basis, the share of the underlying assets and liabilities belonging to individual participating employers. The Plan is a multi-employer scheme, where the assets are co-mingled for investments purposes, and benefits are paid out of the Plan's total assets, Accordingly, due to the nature of the Plan, the accounting charge for the year under FRS 102 and SORP 2019 represents the employer contributions payable. The contribution for the year was £4,845 (2025: £5,109).

The latest full valuation of the Plan as at 30 September 2025 was performed by a professionally qualified Actuary using the Projected Unit Method.The valuation revealed a shortfall of assets compared with the value of liabilities of £16.1 million.

Shrewsbury Homes for All paid contributions at the rate of 6.8% (2025: 6.8%) during the accounting period. Members paid contributions at the rate of 3.2% (2025: 3.2%) during the accounting period.

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continued...

SHREWSBURY HOMES FOR ALL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2026

10. EMPLOYEE BENEFIT OBLIGATIONS - continued

When an employer withdraws from a multi-employer defined benefit pension scheme which is in deficit, the employer is required by law to pay it's share of the deficit, calculated on a statutory basis (known as the buy-out basis). The calculation basis that applies to the Growth Plan was amended due to a change in the definition of money purchase contained in the Pensions Act 2011, but the regulations that determine exactly how the change will apply in practice are still awaited. As the law stands, it is not yet clear whether the statutory calculation should include or exclude Series 3 liabilities. However, based upon current advice, the most likely interpretation is that Series 3 liabilities will have to be included in the calculation of an employer's debt on withdrawal.

The cost of withdrawal to Shrewsbury Homes for All as at 30 September 2025 (latest valuation provided by the Pensions Trust) would be £3,192 (2025: valuation at 30 September 2024: £3,997).

The Trustees consider this as a creditor due to the indicative removal of the Sustain funding.

11. OTHER FINANCIAL COMMITMENTS

Guarantees:

Shrewsbury Homes for All makes a bond pledge to landlords which the tenant pays towards their tenancy. This pledge is payable to the landlord at the end of the tenancy in circumstances of damage caused by the tenant or non-payment of rent. The Trustees authorised bond pledges of up to £5k during the year, having reduced the maximum level from £20k in 2025 to £5k in 2026 due to the declining use of bond guarantees. Including amounts received from tenants, the total value of outstanding bond pledges at the year-end was £11k (2025: £31k).The monies received from tenants are due back to the tenant if the tenancy finishes without liability and are due to the landlord in case of non-payment of rent or damage. The bond pledges made by Shrewsbury Homes for All are released back to the charity for re-use if the tenancy ends without liability.

12. RELATED PARTY DISCLOSURES

One of the current Trustees (2025: one) is also a landlord whose homes are rented by Shrewsbury Homes for All's tenants. Whilst the legal agreement is directly between the landlord and the tenants, Shrewsbury Homes for All do act as an intermediary in the payments of rents. The value of these payments for the current financial year was £12,120 for 2 properties (2025: £10,830 for 2 properties).

All landlords are asked to voluntarily donate a 5% administration contribution from the gross monthly rent to support the work of Shrewsbury Homes for All.

Donations received from Trustees during the year totalled £240 (2025: £240).

Page 19