Charlty reglstrat40n number 1145276 Coinpdny re9lstratlon number 07797470 (England and Wales) THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees D S Ranger R J Hurrion- Chairrnan l D Ma¢kenzle M Hebdèn R Neville- Tieasurer S O Kennedy J Gerely {AppoSnled 13 S8plgmber 20231 Charity number 1145276 Company number 07797470 Règlstered offic Clo The Scout Assoclalion Gilwell Park Chingford London E4 7QW Indèpèndént examlnèr RhhT A¢￿U￿tantS & Business Advisors Llé Gosforth PaTk Avenu Nèwcagllè ijpon Tyne NE12 8EG Bankers 8aiclays Bank PLC Lei￿ster Lèlcestershira LE87 2BB CAF 8ank Ltd PO Box 289 West Malling Kent ME19 4TA Cambrldge & Countie8 Bank Lld 51 Newmarket Road Cambridge CB5 8EG THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BYGUARANTEE) CONTENTS Page Tiusl&8s' rèport Independent exaininerfs report Slalemenl of financral activities Balance sheet Not¢s lo the finan¢ial slalemenls 9-20 THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The truslees present Iheir directors, ¥eport and accounts for the year ended 31 December 2023, which are also prepared lo meet the requiTemenls for a diiEclors' report and accounts for Companies Acl puiposes. The financial slalernenls have besn prepared in aGcordance wllh Ihp a￿OUntIng policies sel ovl In nole 1 lo the financial slalemenls and comply with the Irusl's goveTlling document. the Cornpanies A¢1 2006 and "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo chaiilies preparing their accounts In acoordanee wilh the Finanual Reporting Slandaré applicable in the UK and Republic of Ireland (FRS 1021" {effo¢live 1 January 2019). Objectlves and activities Objectives andalins The Sooul Holiday Homes TTiJsI was founded in fjg69 by fL¥iner Scouts lo provide suilabte self-calering holiday acoominodalion, in a wdcomlng fainSly enwronmenl. lor any famity, or group, who has a member wilh special neods with Iholr carers, slngle parent fainllles and low-income fan)ilies- in fact Jny 12mily in which thè qualily ol lile is diminished by disability, Inflrmily or misftsrtune. On 28 Décembèr 2011 thé aclhjlliès, assèts and liabilltlès of The Scoul Holiday Homes Trust were transferred lo The Holiday Homes Trust. Thè Trusl currenlly provide ten holiday home caravans al len locations arovnd England and Wales, available for booking al wèèkly ral6s which are, on average, substanlially less than the slandard holiday park prices. Publlc benefit The charity's aims and aehlevemenls are sel oul within this report. The activities sel out in this report have been undertaken lo furtlier the ch¢irSly's cliariliible purposes for the public benefit. The Trustees have coniplied with the duly under Section 17 of the Ch3ri11e5 Aot 2011 1(> have due regard lo public benefit guidance wblished by Ihe Charilies Commission ond the Iruslee$ have pald due regard lo this guldan¢e in declding what Èctlvilies the charily should undertake. The allached graph vlsual shows thè level lo which the charity has been Ablè lo assist disadvantaged people. Achlovements and pèrfomianca During the year the charity received £nil12022.' £33.0001 ol reslricled grants. During the year th9 charity acqulied a new caravan al P27,559 nel from the sale proceeds of the old caravan using grants speGlfieally givèn for thè purpose of purchasing new ca¥8vans in prawous years. In addition, the charily received unreslri¢led donallonsllegades lolalling £28,904 (2022.. £3,936). THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT {CONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 5) JJ 5) THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED)IINCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 DECEMBER 2023 Financial rèview The Trust endcavouis lo malnlain I￿uld funds In Inlgresl beaiing acoounls In order lo maximlso the Interest earned on availablo funds. The lovol of rosorves considorcd by the Trusloo5 as boing appropiialo is £25,000. In additlon, the Trust needs Its ensure that funds are available lo pay régular costs, malnly slaffing coslg, bèlween holiday seasons with siles l units being unavailable for inoome generation between early November and mid- March each year. In 2023, Ihe mai)8oèmènt 2nd 8dminislralion costs, &xcluding depr&cialion, of the Trust wère able to be met by the income ITOni1811ings and donated funds. Conlinuad 8UPPOrt from individual8, on an UnTe81ii¢led basis, both through l&llings and doiialions. is very much appr￿lated by the Ttusl. The Tru81 will need lo ien8w the remainder of the holiday honies over the next 10 years and in 2019 appLbinted a business manager lo assist in this lnal Execulivè Commlllee and are selected from volunleers availablè al the Ilme of a vacancy In the Trugleè b(xiy. Teams of volunleer9 8Te used to provide local management ol Ihe Trusl's caravans and chalets based al hollday p&iks around England and Wales. Tiusl has Ilnks wllh The S¢oul AssocFalion and Va[￿u8 local Scoul chaAtles In Eng18nd and Wale8. Nonts of lh8 Irusleos has any benenolal Inlerèsl In 11)e company. All ol the twslees ale members of the company aiid guar9ntee to conlrtbute £1 In Ihe evenl ola Wind1￿ up. statemènt of Trustees, responsibllllles The Iruslees. who are also thè direclt)rs of Th¥ Hollday Homos Trust for thé purpose of ¢ompany law, are respDnslbl? lor preparlng the TNslees' Report and the fjnancial gtatemenls In accordance wlih appllcable law and Unlled Kli)gdom AccDunUng Standards (Uniled Kingdom Generally Acc8pled Accounting Praolicel. Company Law requlres thè Irus188S to propare nnancial sl8lem8iils lor each nnancial year whlch glve a true and laii vlew ol th6 sialo of affalrs ol thè IN81 and of th& In(ximlng re$our¢trs and appllcallon ol ie$our¢es, includlng the Inconie and expenrsiiure, of Ihe charitable company for that yegr. In preparlng these Qnan¢lal slalemants, thè Iru$le8S 8r8 roqulrèd lo.. select sultable acttjunllng PL)licl&s and then appty them ￿nSIst￿nIY, obsèrvè Ih8 m8lhods 8nd principles In the Charlles SORP., - make ludg&mtrnt8 and esllmales Ihal aro rea8onablo and pNdenl', si216 whether applicable UK Accounllng Standards have been followed, subject lo any matertal deparlures dlsclosed and exp]alned In Ihg financial statements.. and proparo th& I[na￿la4 slalements on Ihe ￿Ing concern basls unless 11 Is Snapprc>prlale lo presume that the Irusl 11 ¢onllnuo In operalon. The Irijslees ale iesponslble for keeplng adequale acwunllng Tecords Ihal dlsclose wllh reasonablg accuracy al any lime the nnancial poslllon of th& tru81 and onable Ih@m lo onsure that the finan¢l81 sl8l¢nignl8 (K)mply wllh Ihe Companies Aol 2006. They are also responsible for safeguardlng the 8sset8 of the trust and hence for laklng roasonab￿ steps lor th& prevenlSon and delectlon ol fraud and c>lher Irregularilies. The Trus eport was approved by the Board ol Truyle68, RJH Chal rrion- Chalmian man Dated.. THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HOLIDAY HOMES TRUST I report to the trustees oli my exaininalion of Ihe finaiieial statements ol The Holiday Homes Trltsl (Ihè Irusll for the year ended 31 December 2023. Responslblllt5es and basis of report As Ihe Irijslges of Ihe trust land also ils dire¢torg for the purposes of company lawl you are responsible lor the preparation of the financAal slalements in accordance wilh Ihe requirements ol the Companies Acl 2006 (the 2006 Acll. Having 8a118fled Inysell that the financial slalernenls of Ilie trust are not iequiTed lo be audited under Pari 16 of the 2006 Acl and are eligible lor independent examination. I reporl in respect of my examination of the trust's financial slaleinei)Is carried out under section ?45 of the Charities Act 2011 {Ihe 2011 Aol). In carrying oul my examination I l)dve lolowed all the appllcable DlreLtlon5 given by the Charity Comtllissioll under soclion 14515llbl ol the 2011 Acl. Independent examlner's Statement I havè complétèd my examination. I conflrm that no Inallers have come lo my allenlion in connection with Ihe examinalion glving me cause lo believe Ihal in any material respect.. awounling rocords woro not kept in rospoct of Ihe trust as required by section 388 of the 2￿6ACt.. or the financial statèments do nc>l accord with Ihosa racords,, or the linandal slatemenls do nol comply wilh the accountlng requlremenls of secllon 396 of the 2006 A¢1 other than any requirement Ihal the a￿UnIS glve a true and falr wew which is not a maller considorod as part of an SndÉpendenl examlnalion; or the finandal slalemenls have nol been pwpared In awordan¢e wtlh the methods and principles of the Stalemenl of Recommended Pra¢ti¢e for aocounling and roporting by chaiilies applicabte lo chaiilies proparing Ihoir accounts In acLordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no olher mallers in connèction wllh the examlnalion lo whl¢h allenlbon sholtld ba drawn in Ihis report in ordèr lo @nablè a propèr underglanding of thè financial slalèménlg la be iea¢hed. Stèphèn Slatèr FCA for and on behalf of Rwf Accountants & Buslness Advlsoys Ltd Gosforth Park Avenue New¢a$tle upon Tyne NE12 8EG THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrègtyietéd Rèstrletsd funds funds 2023 2023 Total Unrestrlcted Restricted funds funds 2022 2022 Total 2023 2022 Notes Income and endowments from: Donallons and legacies Charilable dclivilies Inveslmenls Olher 1￿me 28,904 1Q8.703 1,678 28,904 108,703 1,678 2,321 8.436 115,857 291 33,000 41,436 115,857 291 9,165 2,321 9,165 Total income 139.285 2.321 141,606 124.584 42,165 166,749 Expendlture on: Raisiiig funds Charilab18 acliwlies 155 45,942 155 157,195 750 46.373 750 164,464 111,253 118,091 Total expenditure 111,253 48.097 157.350 118,IYJ1 47,123 165,214 Net Incomellexpenditurel and movement In funds 28,032 {43,7761 (15,744) 6,493 14,9581 1,5 R8conelllatlon of funds: Fund balan￿s al 1 January 2023 65,737 155.184 220.921 59.244 160.142 219,386 Fund balaiices at 31 December 2023 93,769 111,408 205,177 65,737 155,184 220,921 The slalement of financial aclivilie9 indudes all gains and losses recognised IA the year. All income and expendllure derive from eonllnulng activSlles. THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2Q22 Note8 Flxed as$gls TanolNe assets 14 149,662 180.039 Current assèts Debtors Cash at bank and in hand 45 99.712 102.499 91,205 76,449 202,211 167,654 Credltor8' amounts falling due within one year 47 (121,4371 198,9981 Nel cJJtrenl a8sels 80.774 70,656 Total assets less current liabilitles 230,436 250,695 Gredltors: amounts falliiig duo aftèr more than one year 18 125,259) 129,774) Nét assèts 205,177 220,921 Incoinè funds Reslrlcled funds Llnrestricted lunds 21 111,408 93,769 155,184 65,737 205,177 220,921 Draft Flnan¢lal Statemènts at 08 August 2024 at q5:19:43 THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET ICONTINUEDI AS AT 31 DECEMBER 2023 The company Is &nlllled lo the exempllDn Irom the audli r6qulfemnl conlaln&d Sn secllon 477 of the Comp£nles Act 2006, for the year ended 31 Dec&mbei 2023. The dlreclor8 acknowledge Ihelr responslbllilies lor ¢omplylng with Ihg roqulr$m$r)Is ol Ihg Compan18s A¢1 2006 wllh respect lo acoounllng records 8nd the preparalion olfinancial 8ialetn&nls. Thtr members hav8 not requlred Ihe company lo obtain an audit ol ils flnancial slatamenls for the yaar In quesllon In ac¢ordanca wllh ¥ecilon 476. These financial statements havo boan prepared in ac(xJrdance wllh Ihe provlslons appllcabl6 lo companles suLil8¢t lo the small companles reglmo. Thg Ilnanola1 staiements were approved by the Trustees on . ¢Jn- Chalmian Tr Company reglstrallon number 07797470 THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng policies Charity infom1atlon The Hollday Homes Trust is a private ¢ompgny limilÉd by guarantee incorporated In England and Wa18s. The registered office Is Clo The Scout Associalion. GIKvell Park, Chingford, London, E4 7QW. .1 Accountlng conventio The financial slalernenls have been prepared in aGGordan¢e with the lrusl's govèrning document, the Companies Aci 2006, FRS 102 'Thè Flnanelal Reporting Standard applicable in Ihe UK 3nd Republi¢ of Ireland" I'FRS 102,1 and the Charitiès SORP "Aceounting and Reportip)g by Charities.. Slalemenl of Recommended Practice applicable lo charities prèparing Ih6i¥ Sccounts in accordance with the Financial Reporiing Standard applicable in (he UK and Republic of Ireland IFRS 1021" (effective 1 January 2019). The Itusl is a Public Bènéfit Enlily ss d&fu)ed by FRS 102. Th8 Irusl h8S taken advankge of Ihe prowslons In the SORP for charities nol to prepare a Slalemenl of Cash Flows. The financial slalemenls are preparad In sterling. which is the functional curren¢y of thè Irusl. Monetary amounts in these financial slalemenls ar0 rounded lo the nearesl £. The firianci81 stalements have been prepared under the historical ￿st ￿)nventIon. The principal accounting poliues adopted are 801 out below. 1.2 Going concern The financial slalemenls have been prepa￿d on 8 going concern basis. The Board has a mason2b16 8xpeclalion that Ihe charity has adequate rosour¢os lo continue in operation lor the fores8pabk futurè, Tho Board has ¢onduded Ihal the going concem assumpllon Is approprialé in pr&paring Ihese accounts. 1.3 Charltablè funds unrestr￿ed funds are available for usè al thè discr8tion of the Iruslees in furtherance of their chariiable objeGtives. Reslricled funds represent donations and grants received for specific purposes within the charitable objectives, 1.4 Incomlng resource5 Ineome is recognised when Ihe tnjsl is18gally enlillad lo il after any perfomance conditions have bean mét, the amounts can be measured re1iabty, and il is probable that Ineoma will be received. Cash donations are recognised on receipt. Olhef don8lions are recognised once the Irugt has been nolifièd of thè donation, ui)less performance conditions requir8 deferr81 of the amounl. Ineonie tax recoverable In relation lo don8llons received under GiftAid or deeds of Govtsnanl Is r8coonisÉd al Ihè time of the donation. All Incomlng rèsoureas are included on Ihe Statement of Financlal AcllvllSes when the charity is legally enlilled lo ihe Income and the aniounl can be quantified with reasonable ac¢uia¢y. Inconie receI￿d In 8dvanea of accommodation renlal is deferr8d until the criteria for Income recognition are m&t. Turnover15 mÉ8surèd at the f8ir value of the consideration ieiyived or recefvable and represents amounts receivable lor servl¢es provided in rhe normal course of business, n81 of d15counts, VAT and other sales related 13xe8. THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policles Icontinuedl 1.5 Resources expendéd Expendilure is r8cognised oncè Ihere is a legal or eonslructive obligation lo Iransler economic benelil to a third party, il is probable Ihal a transfer of econDmlc benelils will be requwed in selllemenl, and the amounl of the obligation can be mea8ured reliably, Expendilure is dassified by aclivily. The cosls of eath acliwty are made up of the lolal of direct ¢osls and shared costs, includlnu suppori costs involved in undertaking each acliwty. Direct costs allribulable lo a single acliwly are albcaled dlre¢lly l(> that aclivily. Shared costs which contribute lo more than one activity and support costs which are not allribulable lo a singlé ¥divily arè apportioned belween those aclivilies on a basis consistenl wlh Ihe use of resources. Central staff costs are allocated on Ihg basis of limo 5penl, and depreciation charges are allocated oli Ihe portion of the asset's us8. Expendilurè is aceounlèd for on ali accruals basis and has been clasSif￿d under headlngs that aggregalts all cost related lo thè catègory. Grants offered subject lo conditions which have nol beon mol al lh8 year end dale are noted as a commitment bul nol accrued as expendituie. 1.6 Tanglble flxed assets Tangible fixed assels aro initially measur8d al cost and subsaquÉntly measured at cost or valuation. nel of depreciation and any iinpainnenl losses. Tangible fixed assets are stated al cosl less depre¢lallon. Thè u)sl of mlnor additions or those below £5CQ are nol capilalised. Dépradallon Is provid6d at rates calculaled lo write off the cosl less estimated re81dual value of each 86s81 ovèr Its expèclèd usèful lifè, as follows.. Caravan$ 100A and 15% straight line for more recent purchase The gain or loss ari8lng on the disposal of an asset is determined as the dlfference belween the sale pioceeds and th8 ¢aTrylng valua of thè assèt and is recognised in the statement of financial activities. 1.7 Impalrment of flxed assets Al èach rèporting ènd da16, th6 Itijsl reviews the Carrying amounts of ils tangible assels lo determine whelher there Is any Indication that those 8ssels hav& suffered an Impairment loss. If any such indication exists, Ihe recoverable amount of the a58el is eslimaled in order lo determine the exlènl o( the impairmenl loss lif any). i.e Cash and cash equivalents Gash cash oquivalenls Include ¢ash In hand, deposits held al call with banks, olher shori-lerm liquid investments with original malurilies of IhrÈé mtsnlhs or lèss, and bank overdiafts. Bank overdrafls are shown wilhin borrowings in current liabililies. 1.9 Flnanelal Instyuments The trust has elected lo apply Ihe provisions of Section 11 'Basi¢ Financial Inslruménls, and S8Ction 12 '01hèr Flnan¢lal Inslrumenls Issues, of FRS 102 to all of ils financial Inslrumenls. Flnanclal Inslrumènls are recognised in the Irusl's balance sheet when the tru81 becomes party lo the conlractual provisions tsl the instrumenl. Fillancial assols and liablliliss are offsel. with the net amounts Presenled iii the linancial slalemenls, when Ihero is a legally enforceablg rlghl lo sel off Ihe recognised amounls and there is an intention lo sellle on a nel basi8 or lo reglise the assét and s@Ille the liability siinullaneously. 10 THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Aecountlng policies Icontinuedl Bas1¢ flnanclal ossefs Bas1¢ ftnancla5 2ss61s, which include debtors and cash and bank balan¢es, are initially measured al transaction pricè including Iransaclion costs and ale subsequenlty carried al amomised cost using the effective interest method unlèss the arrangement conslilules a financing Iran5aclion, where the transaction is measured al the present value of the future receipls discouiiled al a maikel rale of Interest. Financlal assèts elassilied as receivable within one year ar@ not arnorilsed. BasiG flnanclal Ilablllll&s Basic fillan¢lal liabilities, including oreclilors are Initially recognised al transaction price unless the arrangement wnslllulès a financing Iransaction. where the debt inslrumenl is mgasured al the wesenl value of the fulure paymenls digeounlad at A market rale ol interest. Financial liabililios classlfied as payable within one year are not amortised. Debt it)slrumenls are subsequently carried at amoriised cosl, tha 8ffecliv8 inleresl rate melhod. Derecognitlon of linanci81 liabilitie5 Financial liabililles arè dgreeognised when the trust's conlraclual obligations expire or are dlseharged or cancelled. 1.10 Employoe bÈnÈflts The ¢osl ol any unused holiday enliU&m&nl Is rèeognisÈd in the period in which the empk)yee's 8erwces are received. Termination benefilg arè reeognised immediately as an expense wheri Ihe Irusl Is demonslfably commilled to lerminale the employment ol an employee or lo provide lerminalion benefi18. 1.11 Rètlrèmènt bènefits Payments lo defined contribution ielir8manl banefil schemes Are charged a8 an expense as they fall due. Critical accountlng astlmatas and judgements In Ihe £pplicat￿n ol the Ifust's accounling policSes, Ihe Iruslees are required lo make judgernenls, esllMal8S and aSsumpli￿S al￿ul the carrying amount of a55els and liabllilles Ihdl are not readily apparent Iri)m olh soure£s. Thé Èstimates and associated assumption5 ale based on historical experience and oltter laclois that are consldered lo b& relevant. Actual results may differ from th8se 8sllmalès. The estimates and undedying assumpllons a￿ reviewed on an ongoing basis. Rèvisions to 8c¢ounling estimates are reco9nised in the perlod in which lh8 estimate is revised where the revision affecls only Ihal poriod. or In the period ol the rewsK)n arld future pèriods where the remsion affects bolh current and fulure poriods. Crltlcal Sudgements Assé#slng Indlcators of impairment In assessing whether IheTe have been 8ny indicators of impairment ol assets, the Iruslees have consldered both external and internal sources of Inlormallon such as market condilk)ns and experience ol recoverabllily. THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Crlllcal accounting estimatès and ludg•menls Icontlnuedl Key sources of estimation urtcertalnty Determining rè8ldual valuès and useful economlc Ilves of tallgible fixed a88et5 The company depreaates tangible fixed assèls ovèr Ih6ir astimaled useful lives. The eslimalion of the useful lives of a88els Is based on historie perfom)ance as well as oxpeclalions aboul future use and therefore requires eslimalès and assumplions lo be applied by manageinenl. Th8 aclual lives of these assels can vary depending on a variety of faelors, in¢ludinu leehnological innovation, product life cycles 4Thd maintenance programmes. Judgemènl is Applied by Iruslees when determining the resldual valuès for tangible fixed assets. When determining the iesidual valug Iru51etts dim lo assess the amount that thè company would currenlly obtain for Iha disposal of Ihe ass81, il il were already of the condition expected al the ènd of ils useful economic life. Whère possible Ihis is don& with roforon¢e lo external markel prices. The carrying amou￿1 ol tangible fixed 8ssels 81 the reporting end dale was £157.QX)0 {2022'. £180,039). Donatlons and legacies UNrestrl¢ted Unrestrlctad Restrlcled funds funds funds 2023 2022 2022 Total 2022 Donallons and gifts Grants receivable 28,904 3,93e 4,500 3,936 37,500 33,OtK) 28,904 8,436 33,000 41,436 Grants recelvable for coré activltles Charlè% S French Foundatlon Trust The Claire Milne Trusl N8tion81 Lottery TNL Communily Fund The Edward Goslling Foundallon Sir James Roll Charitable Trust The Archer Trust The Rob¢rt Hall Foundation The Fillon Trust The Br￿e Wake Charitable Trust The GlolhworkÈrs Foundation Olher giants Olhèr 5,000 10,000 10,000 5,000 1,000 2,000 5,000 300 2,500 10.000 3.250 66,000 s,￿0 10,QK)O O,CK)O 5,QOO 1,000 2,￿0 5,000 300 2,500 10,000 3,250 70,SQO 4,500 33.000 37,500 12 THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Charltable actlvities 2023 2022 Holiday accornmodalion - Rent recèiv8ble 108,703 115,857 Investments 2023 2022 Interest receivable 1,678 291 Other Income Restrlcted funds 2023 Restrlcted funds 2022 Nel gain on dlsposal ol tangible fixed assels 2.321 9,165 Expenditure on ralslng funds Restricted fvnds 2023 Re8til¢ted funds 2022 Fundralslng and publiclty Other fundraisino costs 155 750 13- THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charitable activities 2023 2022 Sile fees Sllè insurance Rates and water Sile cleaning Sile Tepaiis Electricity and gas TV Licence 44,405 2,364 1,733 12,205 12,479 6,490 1,590 50.835 2.581 1,732 11,257 8,052 7,018 81,266 81.475 Shara of suppori costs {see note 91 Share of uovernance costs (see nole 91 75,329 600 81.939 1.Q50 157,195 164,464 Analysls by fund Unreslriated funds Restricled funds 111,253 45.942 118,091 46,373 157.195 164.484 Support Costs allocatèd to actlvltlès Total 2023 Total 2022 Slaff costs Depreciation TV licence InsuTanco Sundry expansès Office and commillee expenses Prinling and publicity Trustee expgns8s Other staff costs Loan inleresl Governance 29.261 42,797 29.438 45,323 1,063 939 114 1.031 2,141 874 30 988 1,050 56 95 1,044 1.016 890 72 96 600 75,929 82.989 14- THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs allocated to actlvltlOS (Continued) 2023 2022 Governance costs comprise.. Independènt Èxan)iner's fee 600 1,050 600 fj,050 All cosl incuiied havg been In the pursuit of the objeclives of the charity and thus all support costs have be8n allocated lo charitable a¢livilie8. The exaininels remuneration amounts lo ¥n Ind¢pondenl examinerfs fee of£80012022.' £1,050). 10 Net movement In fund 2023 2022 Th8 n81 movémenl in fLJnds is sialed after chargingll¢rediling)'. Depreciation of ownéd langibla ftxed assets Profil on disposal of langlblE flxed assels 42,797 12,321) 45,323 19,1651 ql Trustees NOA6 of the trustees lor any persons connected with thaml received any rernuneralion during the year. bul 4 of the Ifuslees were reimbursed a lolal of £890 for IravÈlling èxpenses12022'. 5 were r8imburs8d £8741 due to the directors of1he Company. 15- THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Employees Thè avèr8g6 n)onlhty number of employees during the year w8S'. 2023 Number 2022 Numbèv Managemet)l and adminislralion Employment costs 2023 2022 Wages and salaries Social secuiily costs Pension and other costs 27,953 23.715 2,576 3,145 1.308 29,261 29.438 There wÈrÈ no èmploy88s whose annual remun6ralion was £80.000 OT more. 13 Taxatlon The charlly Is 8xèmpl from lax on in(x)rne and gain8 falling wllhln section 505 of the Taxes Act 1988 or section 252 of thè Tax8lion of Chargeable Gains Ad 1992 to tho axkenl Ihal thesè ale applied lo ils charitable objects. 14 Tangible fixed assets Caravaiis CoBt Al l January 2023 AcSdilions Disposals 359.044 27.223 {27.7551 Al 31 December 2023 358,512 Depreclatlon and impairment Al 1 January 2023 Dopreclallon charged in Ihe year Eliminated in respect of disposa18 179,005 42,797 112,9521 Al 31 December 2023 208,850 Carrylng amount Al 31 December 2023 149,682 Al 31 December 2022 180,039 THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 15 Debtors 2023 2022 Amounts falling due wllhln one year.. Trade debtors oiher dÈblors Prepayinenls an(J accrued income 29,030 15,174 55,508 38.940 8,68S) 45,578 99,712 91,205 16 Loans and ovérdrafts 2023 2022 Bank loans 29,259 33,774 Payable within one ytsar Payable after one ye8r 4,000 25,2of9 4,000 29,774 Amounts included above whi¢h fall due after five years-. Payable by Snsl8lments 14,333 14,333 17 Credllor8: ainounts f#lllng duè within one year 2023 2022 Note8 Bank loans D8lerred illcome Trade creditors Other creditors Accruals 16 19 4,000 46,027 54,788 848 15,774 4,000 411,008 35,225 5,710 4.055 121,437 96,998 18 Creditors: amount8 falllng du8 after more than one year 2023 2022 Notes Bank loan$ 25.259 29,774 17- THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 19 D8f6rred Income 2023 2022 Arisinu froin income received in advan 46,027 48,008 2023 2022 Deferred income is included wilhin.. Currenl liabililies 48,027 48.008 Mov8mgn15 In thè yèai., Deferrgd income al 1 January 2023 Released from previous periods Resources deferred in the year 48,(K18 148,(X)81 46,027 40,636 (40,8361 48,0(b8 Deferred incomts al 31 December 2023 46,027 48,008 20 Retlrement benefit 8rhemès 2023 2022 D8fii)èd contrlbutlon scheines Charg6 la profil or Ioss in respecl of defined contribution schemes 1,308 3.145 The trust opeiales a defined contribution pension scheme for all qualifying employees. The 8ss8ls of the s¢heme are held separately Irom those of thè trust in an independently adminislered fund. 21 Restrictèd funds The restricted funils of the charity compris6 the unoxpended balances of donations and gTanls held on Irusl $ubjÉcl to specific conditions by donors as lo how they may b8 used. Atl January 2023 Incoming resources Rgsourc¢s oxpended At31 Decèmbèr 2022 (2,5441 4.865 12,544} 113,952 Caravan purthase fund 155,184 {46.Q971 155,184 2,321 146,0971 111,408 18- THE HOLIDAY HOMES TRUST {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 21 Restrictèd funds {Conllnuedl Previous year.. At 1 January 2022 Incoming resources Resourcès expended At31 Dècèmbar 2022 Caravan purd)ase fund 160,142 42,165 147.1231 155,184 The purpose of the ieslricted funds are shown below.. Caravan purchase fund This represents funds donated solely for the purchase of repla¢emanl ¢8ravans, whlch are used lo generate Yenlal Incomè. 22 Unrestrlcted funds The unreslri¢led funds of tha tth8rity comprise the unexpended balances ol donation5 and uranls which are not subject to 8peciflr conditions by donors and grantors as lo how they may be usod. These Include designaled funds which have been sel aside out of uDreslri¢ted funds by Ihe trustees for specific purpos88. At 1 January 2023 Incoming resour¢es Rèsources tyxpettded At31 Dèc•inb8r 2023 Gener81 funds 65,737 139,285 (111,2531 93,769 Previous year. At 1 January 2022 Ii)comlng resourc85 Resources expended At31 December 2022 Gèneral funds 59.244 124,584 1118.091) 65,737 19 THE HOLIDAY HOMES TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 23 Analysis of net assets between ftsnd8 Current year Unrestrlcled Restricted funds funds 2023 2023 Total 2023 Fund balanc6s at 31 Oeeernber 2023 are represented by.. Tanglbl8 assels Current assetsllliabililiesl Long tenn liabililies 17,338) 123,822 (25,2591 157,000 143,0481 149.662 80,774 125,2591 91,225 113,952 205.177 Prlor flnanclal year Unyestrlcted Restricted funds funds 2022 2022 Total 2022 Fund balances al 31 De¢emb8r 2022 are represented by.. Tangible 3s5els Currènt 8SS8lsllliabilitiesl Long tem) liabililies 180,039 (24,8551 180.039 70.856 129.774) 95,511 {29,774} 65,737 155,184 220.921 24 Rèlatèd party transactions There were no disclosable rela18d party Iransaclions during the year {2022- none). -20-