COMPANY REGISTRATION NUMBER: 08248116 CHARITY ￿GISTRATIoN NUMBER: 1150445 HALOW (Birmingham) Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 BSN ASSOCIATES LIMITED Chartered accountants BSN Associates Limited 3B Swallowfield Courtyard Wolverhampton Road Oldbury West Midlands B69 2JG ID: fddcb8f80572eb7787593e95628867455ced5(Y)c HALOW (Birmingham) Company Llmited by Guarantee Financial Statements Year ended 31 March 2024 Pages Trustees, annual report (incorporating the directorfs report) I ndependent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position 10 11 12 Statement of cash flows 13 Notes to the financial statements 14to23 Doc ID.. fddcb8f8e572eb7787593e9562a867455c6d5cOc HALOW (Birniingham) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2024 The trustees, who a￿ also the directors for the purposes of company law, present their report and the unaudited financial ststements of the charity for the year ended 31 March 2024. Reference and administratlve details Ragistered charity name HALOW (Bimingham) Charity registration number 1150445 Company reglstratlon number 08248116 Principal offlce and reglstered St Martin's Youth & Community Centre offlce Gooch Street Highgate Binningham B5 7HE The trust Jane Catherine 88iley Bridget Kathleen C Cameron. BEM Veronica Naomi Palgrave Gavin Nagra Company $ocr•tary Louise Spink Ind•p8ndent examiner Hannah Justice FCCA FCA BSN Associates Limited 3B Swalowfield Coutyard Wofverhampton Road Oldbury West Midlands B69 2JG ID: f(kJcb8f88572eb7787593e9562ae67455ced5cOc HALOW (Blrniingham) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (wrtfnuedj Year ended 31 March 2024 Structure, govemance and management Trustee board members are appointed for a year and nomially offer themselves for re-appointment on an annual basis. New members may be peryaons personalty recommended by a trustee board member and th8n invited for interview by the rest of the board or the post is advertised through local or national networks and media outlets. The￿ are procedures available for the induction and training of new board members. The toard formally meets approximately seven times per year. The previous meeting's minutes, visitors, centre reports. HR report and a finance report are issued to members before the meeting. As well as the members. the Finance Manager attends most of the meetings. The Charity engages a Finance Manager., Louise Spink. on a part time basis and who is self- empk)yed. Louise Spink has been appointed Company Secretary for the charitable company and, as part of this role, ensures regulatory compliance is maintained. Also invited as minute taker is our part-time Charity Administrator. Debbie Smith. Key members of staff include: _ Clare Gallagher Janice Myatt Heidi Smith Holly Liddiard Hinson Manager. HMP Oal(wood Famity Pathway Centre Deputy Manager. HMP Oakwood Famity Pathway Centre Manager, HMP Five Wells Visitors. Centre Deputy Manager. HMP Five Wells Visitors, Centre Prison Visitors. CentreslFamily Pathway Centres are run on a day-to-day basi8 by the centre managers. All 8trdtegic issues. HR matters and finance are decided by the Board of Director8 With the assistance of the prr Finance Manager. Managers and specialist staff teams are able to meet as required to, for examplè, exchange good practic8. The part-time Charity Administrator, Debbie Smith. Works fiexibly on a self-employed basis and. as part of her role, takes Board Minutes. The charity also employs a Ptr Funding Offitsr, Sophia Ireland. Provlslon of Charltable Actlvities for the Publlc Benefit HALOW {Birmingham) expends all grants and donations re￿iVed on activities that are undertaken solety for the public beneftt. The charity offers a range of support to prisoners,, their family and significant others, provided primarily at prison visitors, centres. The charity also undertakes an annual visitors, survey, regular service user forum meetings and research projects. These enable the charity to gauge needs, assess customer satisfaction and work vrfith prisons to respond accordingly. Public Benefrt Statement The Truslees consider they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charty Cunmission. Doc ID: fddcb8f8e572eb778759389562a867455c8d5cOc HALOW (Birmingham) Company Limlted by Guarantse Trustees. Annual Report (Incorporating the Directorfs Report) (conts"nu Yaarended 31 March 2024 Objectlves and activltles The Charitable Objects of HALOW {Binningham}. amended by Extraordinary Board Meeting 21st August 2019 are: 8} To relieve p￿￿rty, sickness and distress among prisoners. ex-offenders. their families and Signif￿nt others in need of such relief, and b) To advance education by research into domestic issues relating to prisoners. ex- offender4 their families and significant others. and disseminate the useful results of such research. Mission Statement 'Our mission is to support prisoners, Iheir children. families and significant others build, develop and strengthen their relationships and well-being whilst separated by imprisonmenv HALOW (Bimiingham) provides services to prisoners. their families and signifi2 Y￿rs. Children's Workers and Family Support Workers are empk)yed at all C8ntr86 through the generosty of Charitable Trusts and Foundations. In addition. the staff and volunteers carry out administrative tasks in accordance with Halow (BimiirYJham) and prison requirements. Doc ID: fddcb8f8e572eb7787593895628e67455ced5cOc HALOW (Birmlngham) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (condnued) Year ended 31 March 2024 Chairper6on'8 Report From April 2023 - March 2024 HALOW (Bimiingham) continued to work with our partner prison establishments to ensure our visils and famity servrRs responded to the needs of prisoners, their families and significant others. COVIt>19 restriction5 on prison visiiing were finally lifted in May 2022, however. the impact of knng periods with no face-ts>face interaclion with dad continued to felt by many Prisoners. chiklren. Our specialist children's y￿rk teams therefore continued to prioritise activities that enabled children to express their feelings and rebuild relationships. Tailored acttvities were made available to children both before and during visits. These sessions, as evidenced from user feedback. realty helped to re-estsblish and strengthen parent-child relationships. HALOW is indebted to the many Charitable Trusts and Foundation5 who funded this specialist supwrt during 2023124. Video calls. introduced during the pandemK. continued to be widely used as an altemative option to face-ttrface visits. Imiere necessary. videLKalling suites have been set up in closed -off sections of visits halls. This reduces the number of tables and. consequendy, the number of visrtors per session as reflected in a small decrease in annual visitor numbers. Trustee Board rnembers (primarity the Chair and VKe Chair) continu8d to meet regularly with senior prison managers to monitor seprfice delivery and review progress, either using digital technology or face-t048￿ meetings. HALOW successfully qualffied for a position on the Probation servI￿s Dynamic Framework - DF.05 Famity and Significant Others, (Faso) in 2022. The charity theTefore continues to be recognised by MOJIHMPPS as compliant across the key areas of quality assurance, governance and financial management. During 2023124 w8 continued to successfully implement our new seNice level agreement with G4S to provide visitor services at new-l)uild prison HMP Five Wells (near Wellingborough}. Staff recruitment VRS a challenge experienced l)oth by HALOW and th& prison establishment. We welcomed the first visitors in February 2022, with prison intske phased over the following 12 months with the awn to reach full capacity (of 1680 prisoners) early 2023. Re-8dvertisement of several posts was required but by July 2023 our staff team included a Manager and Deputy Manager, each bringing with them a wealth of exparience. In March 2023 the charity was made aware that G4S had been purchased by Allied Universal and that changes were to be implemented to brirw visitor and family services at HMP Five Wells 'in-house' with effect from 3￿ June 2023. This decision came unexpectedty by letter and at a time when we had secured in excess of £80,000 in grants to from Charitable Trusts & Foundations to enhan￿ contracted visitor services with a HALOW specialist children's work team. Thus. folloNir further consultation, our staff team all transferred to G4S under TUPE Regulations with effect from 16t July 2023. This was deeply disappointing after the consideralion contribulion HALOW had made to mobilise this new service. During the year we continued to deliver our existing SeTh￿ce Level Agreement (SLA) with G4S to operate the Famity Pathway Centre and associated family interventions at HMP Oakwood. with the SLA reviewed annually. This resettlement prison accommodates 2100 prisoners and is currently England's largest prison. However. we were infomHI in July 2023 that G4S also intended to bring visitor and famity services 'in-house' at HMP Oakwood. with a transfer of all HALOW staff, under TUPE Regulations. with effect from 1* November 2023. This was a big blow to Trustees and staff alike. HALOW had been wtth HMP Oakwood sinc8 it opened in 2012. we were assured the decision was solely a consequence of national policy. Doc ID: fddcb8f88572ebTT87593e9562ae6745&ed5oOc HALOW (Bimiingham) Company Limltod by Guarantee Trustees, Annual Report {InCO￿oratIng the Directorfs Report) (edftdnued) Year ended 31 March 2024 During 2023124 Bridget Cameron BEM (Vtychair) continued to lead on the programme of staff recruibnent, training and development across both Centres. Bridget also continued to provKJe senior management sUpe￿I$l0n as HR Lead Trustee and Safeguarding Designated otri￿r. During the year,. Bridget had the added responsibility of leading all staff consultations arKI the cornplex procedural requirements of TUPE staff transfer at HMP Five Wells (June 2023) and then HMP Oakw(MJd (October 2023}. This work was tine-consuming and incurred considerable additional work by our Administrator and Finance Manager. The charity continued to use a national legaYHR company, Peninsula, for professional guidance. The charity was on tsrgel lo secure sufficient grants to cover 'enrichmenY activities at both prisons: this made it all the more disappointing that our G4S contracts were both concluded al short noti￿. The maiorty of grants contribute towards funding chiklren's work teams and. famity SUFPOrt workers.: this has always been vital as contractslSLAs do not nom7ally include these 'value-added' enrichment activities. During 2023124 we received support from BBC Children in Need. the Ajbert Gubay Charitable Foundation. the AB Charitable Trus( the Kelly Family Trus( WA Cadbury Trust. the Sheldon Trust. Schroder Charitsble Tru< CB & HH Taylor 1984 Trust and several smaller donations. We are grateful to Water Orton Methodist Church for contributions of items every month for our community fundraising and PenkrKlge Methodist Church who regularly support HMP Oakwood Family Pathway Centre with volunteer& fundraising and donations of children's work resources. Strategic rèport The follfming sections for achievements and perfonnance and financial review forni the strategic report of the charity. Achlev8ments and performance See Chairperson's Report and Finance Revtew. During the year: HALOW Family and Significant others services were available for a totsl of 3,700 prisoners (HMP Oakwood: 2100: HMP Five Walls phased intake up to 1SOO). HALOW staff and voluntsers provided support 8eNices and welcomed 37.542 visitors across HMPS FNe Wells (to 3016r23) and Oa(wood {to 31110123), comprising 29.921 adults and 7,621 children. We facilitated work experience pla￿rnents for at least 6 prisoners 'Released on Temporary License, {ROTLs) at HMP Oakwood to assist them in preparing for release. Doc ID: ftldcb8f88572eb7787593e9562ae67455cgd5cCt HALOW (Birmingham) Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Directorfs Report) (¢ondnufjd) Year ended 31 March 2024 Impact - Making a Differnnce Our services continued to be seen positively. The HMP Five Wells Independent Monitoring Board (IMB) Report in April 2023 stated: 'Numerical ratings given by visitOTS in respect of their overall visits experience are almost all positive and have an aV￿￿e score of 8.4110.. HALOW teams continued to participate in Tnonthly 'Family Forum5' where both the prison senior management and HALOW staff engage with visitors infonnally to raise issues of unmet need that are taken on board (where possble within the prison environment). Informal feedback from famili88 remained consistenlty posiiive, with families realty pleased we were able to 'r8ach out, to them to communicate infomiation, particularly about the safety of their loved ones in prison, and ask them if they need any help. Chlldren Vlsitlng Prfson A recent Report estimated some 310,000 children a year in England and Wales are affected by parental imprisonment. Our children's activities and specialist teams of Children's V￿orkerS at both prisons are hugely valued by Pr￿￿nerS and family members. Our programme of activities for children leads to: Maintained and improved family relationships - Reduced stresslanxiety levels - Increased resilience - Provides fun and interest in what could.be seen as a stressful and daunting experience. We facilitated extended 'Family Day. visit5 and our 'Jolly Tots. course of six. monthly extended sessions for dads of children aged 0-2 years at both Centres. This won a National Family Learning Award in 2023. In addition. structured. age and culturally appropriate children's activities were made available during and before nomal social visits that are held at both Centres 7 days per week. Contrlbutlon to Government Policy and Partnernhip Working We continued as an active member of CLINKS. the n8llonal Criminal Justice third sector umbrella organisation. HALOW also continued as a member of Bimingham Voluntary Service Council {BVSC) and the National Council for Voluntary Organisations (NCVO). t)oc ID: fddcb8f88572eb7787593e95628e67455ced5cOc HALOW (Blrmlngham) Company Llmltsd by Guarantee Trustees. Annual Report (Incorporatlng the Directorfs Report) (conth?ued) Year ended 31 March 2024 Financial revlw• It was a positive year for fundraising. with just over £100,000 in grants and cash (k)nations received. V*Jhat made this year even more impressive was achieving a further unrestrKted grant of £20.000 from the AB Charitable Trust which enabled the charity to 5UPPOrt the ground work undertaken to sustain posts at the centres and overheads. HALOW (Birmingham) provides core visitor seNices through contracts and SLAS with .prisons. ITr addition. we fundraise to enrich core seri1￿S by employing Children's Ivorker and Family Support Workers. Thanks to the generosty of Charitable Trusts & Foundatirjns, we achieved OUF annual funding target for all these posts this year without the need to use Resep4es. During 2023-24 HALOW (Bimiingham) held separate SLAS to provide core visitor services ot 2 prisons OFerated by G4S Caro & Justice Services (UK) Ltd. comwising HMP Oakwood and HMP Five Wells. Nvhilst contract and HR management continued to be led on a voluntary basis by the Chair and Vice- Chair. further Govemment increases in the Minimum Wage in Aprll 2023 had an mp8Ct on budgets. Reviews were regularly undertaken looking at operating costs to keep cost increases to a minimum. Due to national policy changes. we were u[￿peCted￿ informed by G4S that visitor services would, in the future, be delivered 'inthouse'. HALOW staff thus transfe￿ed to G4S under TUPE Regulations on earty termination of the two respective Service Level Agreements (HMP Five Wells from 31P June 2023" HMP oakW￿ from 31¥t October 2023). We appreciated the unequivocal support and urKlerstanding expressed by our funders at this challenging time. On a positive note, we y￿re able to absort) costs associated with the SLA tertninats'ons with the help of unrestsicted grants. The income of the charity during 2023124 thu5 decreased by some 50% to £234.570. Expenditur8 reduced by a similar18vel to £218.867, due primarily to the transfer of all centre staff to G4S. Roserves Pollcy The lotsl unrestricted reserves at the end of 2023r24 were circa £182,752 which is an increase on 2022r23 when reserves stood at circ8 £167,049. This18vel of reserves is more than the charity now needs following its decision to wind down with the balar￿eS to be distributed for charit8bl8 purposes as outlined in plans for future peri￿. Doc ID: fdd¢b8f8e572eb7787S93e9562ae67455(￿ScoC HALOW (Blrmlngham) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conllnued) Year ended 31 March 2024 Going Concorn From November 2023 to March 2024 the Board underto￿{ a robust revEw of the charty's future in the light of the changing role of smaller. volunleer-led charities in the delivery of prison-based commissioned visttor services. Following this review, the Board made the difficult decision to commence a onfryear wind-down programme from April 2024 - March 2025. Once all liabilities are met, unspent grants repaid and due diligence completed, ￿mainIng funds will be transferred to established communitytsed. volunteer-led Charities sharing a similar ethos, values and aims. Plans for future perfods Due to circumstances beyond our control, our work operating prison visitors, centres in the West Midlands came to an unexpected end 30° October 2023. These circumstances in no way relate to the quality of our services. In August 2023 HMP Oakwood Visits and Famity Interventions Manager wrots an open18tt8r to our funders explaining why our projects were coming to an end: 'Ic8n confim7 that the seryices we have recelved from HALOWh8v8 been outstanding. Their children work8ndfamilysupporth8s been mostbeneficial to the prison. The te8m has recentlywon a National Family LeamingAward in the prison foran under-5 aGtivity-Jolly Tots- and I was fortunate to 8ccompany them to the House ofthe Lords aspart of the event. More than this. HALOWha5 shown itself to be flexible 8ndaccommodatingto supportideas and new initiatives both in the Family Centre and in the prison whetherthis be forParenting classes for prisoners. Ivarm Spaces'forfamilies and Lego wortshops forchildren We are verysad to lose this partn9￿hIp butthere h8ve been ch8nges made 8t G4S level to develop a newiniti8tiV8 for our G4S visitorservice& Unfortunatelyfor HALOWthere was no opportunityto bid for seNices as, fmm November2023, theywill all be delwered in-house. lam more than h8PPyto recommend HALOWand I believe them to have been excellent3tew8rds of any fundlngtheyh8ve re¢8iV8d.' Doc ID: fddcb8f8e5728b7787593e9562a867455c8d5cOc HALOW (Bimiingham) Company Llmitsd by Guarantse Trustees. Annual Report {Incorporatlng the Directorfs Report) (contlnued) Year ended 31 March 2024 During November 2023 - March 2024 the Board undertook a realislic appraisal of fvture options. We undertook r8search into the wider criminal justice landscape and, in particular, where HALOW m8y play a role in community-based initiatives alongside other providers. All our work to date has been prison-based. our Objects have been met through the operation of prison visitors. centres and associated family seNices. HALOW (Birmingham) Board observed: a) Ihe charty has become simply too small to comp8te in Ministy of Justi￿ {MoJ) Commercial Procurement cycles in the future: b) privately-run prisons preference nowadays is to operate prtson visitors and family serrf1￿ In-house. After much discussion w8 felt it was a natural time to wind down the charty in the knowledge that we have done what we. set out to do over 30 years ago with dedication and consistent high quality. During our wind-down year 2024- 2025 we plan to focus our full attention on where investment of any remaining funds {after liabilities are met) can be of mosl benefit in line with HALOWS airrB and ethos. Our r&8earch to date would indicate Ihal there is a shortage of safe spaces for young people and, in particular. sports-based inteNentions for young people at risk of violent crima. The Board have agreed thB is where our 'legacy' project will be focused. Rlsks The charity has made the decision to wind down operations during 20242025. To mitigate any risks Ihe Company Secretary will be liaising closely with Companies House and use Charty Commission Guidance to ensure this wocess is concluded with probity. The trustees, annual report and the strategic report were 8pproved on 6th December 2024 and signed on behalf of the board of trust8es by: Jane Catherine Bailey Trustee Doc ID: fddcb8f8e572eb7787593e9562ae67455ced5cOc HALOW (Birmingham) Company Limited by Guarantee Independent Examiner's Report to the Trustees of HALOW (Binningham) Year ended 31 March 2024 I report to the trustees on my examination of the financial statements of HALOW (Birmingham) (Ihe charity,) for the year ended 31 March 2024. Responsibilities and basi8 of report As the trustees of the company (and also its d1￿CtOrS for the purposes of company law} you are resFrf)nsible for the preparation of the fjnancial statements in accordan￿ with the requirements of the Companies Act 2006 ('the 2006 Ac¥). Having satisfiéd myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions gNen by the Charity Commission under section 145(5){b> of the 2011 Act. Independent examlnerfs statem•nt I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records-, or the financi81 statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fail view which is not a matter considered as part of an independent examination,. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and have come across no other matter5 in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Hannah Justi￿ FCCA FCA Independent Examiner BSN Associates Limited 3B Swallowfield Coutyard INolverhampton Road Oldbury INest Midlands B69 2JG 10 Doc ID: fddcb8f88572eb7787593e9562ae67455ced5 HALOW (Birmingham) Company Llmltsd by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Unrestrthd Restricted funds nds Total funds Total funds 2023 Income and endowments Donations and grants Charitable activib6S Investment income 23.350 129.583 3.123 78.514 101,864 129,583 3,123 111,134 347.455 1,329 Total income 156,056 78.514 234.570 459.918 Expondlture Expenditure on raising funds: Costs of raisin9 donations and grants Total oxpendltur• 130.350 88,517 88.517 218,867 218.867 468,202 130,350 468.202. t incomel(expenditure) and net movemgnt In funds 25,706 {10.003) 15,703 (8,284) Reconcillation of funds Total fvnds brought foThvard Total funds carrled forward 157,048 182.752 10.003 167.049 175,333 182,752 167,049 The statement of financial aclivities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Th• nots8 on page8 14 tt123 fomi part rf these financial slatemenl•. 11 Doc ID: fddcb8f88572eb7787593e9562ae67455c*d&th HALOW (Birmingham) Company Llmitsd by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets 14 807 Current assets Debtors Investments Cash at bank and in hand 15 16 142 23,321 202.003 42,280 22,441 121.403 225.466 186.124 Creditors: amount• falling due wlthln one year Net current a8set8 17 42,714 19.882 182,752 168,242 Total assets la88 current liabilitie8 182,752 167,049 Funds of the ¢harity Restricted funds Unrestricted funds 10,003 157,046 182,752 Total charity funds 18 182,752 167,049 For the year ending 31 March 2024 the charity was entitled to exemption from audit under $8Ction 477 of the Companies Act 2006 relating to small companie8. Directors, responsibilities: The members have not required the company to obtain an audit of its financial statements for the year in question in accordance wtth section 476: The director5 acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small Gompanies, regime. These financial statements were approved by the board of trustees and authorised for issue on 61h December 2024. and are signed on behalf of the board by.. Jane Catherine Bailey Trustee Bridget Kathleen C Cameron, BEM Trustee The n¢)tss on pages 14 to 23 fomi part of theso financial slatomonts. 12 DC￿ ID: fdd¢b8f8e572eb7787593e9562ae67455ced5cOc HALOW (Birmlngham) Company Llmlted by Guarantee Statement of Cash Flows Year ended 31 March 2024 2024 2023 Ca8h flows from operating activiti Net incom01(exp8nditur8) 15,703 (8,284) Adjustm8nts for. Depreciation of tangible ￿ed assets Other interest receivable and similar income Loss on disposal of tangible r￿ed assets 126 (3.123) 681 478 (1.329) Changes in.- Trade and other deblors Trade and other creditors 42.138 22.832 21,961 {8.631) 4,195 Cash generated from operations 78,357 Interest re￿iVed 2,243 80.600 874 Net cash from operating activities 5.069 Cash fknws from invesling activit Purthase of tangible assets Net Gash used in investing activities {865) (865) Net increase in cash and cash equivalents CaBh and cash •quivalonts at beginnlng of year Cash and ￿$h oquivalents at end of year 80,600 121,403 202,003 4,204 117,199 121,403 The note• on pagej 14 to 23forni part of theBe flnanclal gtatoment 13 Doc ID: fddcb8f885T28b7787593e9562ae67455cÈd5cOc HALOW (Birmingham) Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General information The charity is a public benefit entity and a private Cofnpany limited by guarantee, registered in EnglaThJ and Wales and a registered charty in England and Wales. The address of the registered Offi￿ is St Martin's Youth & Community Centre. Gooch StreeL Highgate. Bimiingham. B5 7HE. Statsment of compliance These financial statements have been prepared in COTnpliance with FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. AGcountlng policies Basi8 of preparntk)n The financial statements have been prepared on Ihe historical cosl basts, as modrfied by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through incom8 or expenditure. The financRI statements are prepared in steding. which is the functional currency of th8 entity. Going concern It is the intention of the trustees to wind down the chanty and distribute the remaining funds and reserves to beneficiaries in the next financial year. The trustees have taken this decision due to the loss of the G4S contract income. Judgements and key sources of estimation uncertainty The preparation of th8 financial statements requires management to make judgements. estimates and assumptions that affect the amounts reported. These estimates and judgements are continually revEwed and are based on experience and other factors, induding expectation5 of future events that are believed to be reasonable under the circumStsn￿. Fund accounting Unrestricted fvnds are available for use at the discretion of the trustees to further any of the charty's purposes. Designated funds a￿ unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure dedared by the donor or through the t8rffls of an appeal. and fall into one of two sutrKlasse8: restricted income funds or endowment funds. 14 Doc ID: fddcb8f8e572ebTT87593e9562a867455ced5cO¢ HALOW (Birmingham) Company Llmlted by Guarantee Notes to the Financial Ststements (￿nOnu0d) Year ended 31 March 2024 Ac¢ounting policle8 (contknuedj Incoming resource All incoming resources are included in the statement of financial activities when entitlement has passed to the charty: it is probable that the economic beneftts associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants ES recognised when there is evidence of entidement to the gift. receipt is Probable and ils amount can be measured Teliably. legacy income is recognised when receipt is probabl8 and entitlement is established. income from donated goods is rneasured at the fair value of the goods unless this 15 impractical to measure ￿￿ably. in whtch case the value is deriv￿ from the cost to the donor or the estirnated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliabty measured. No amounts are induded for the contribution of general volunteers. income from contracts for the'suppty of services is r8cognised with the delivery of the contracted Seprfice. This 18 dassified as unrestricted furKls unless th8re is a contractual requirement for it to be spent on a particular purpose and retumed rf unspent, in which case it may be regarded as restricted. Rg8ouru8 expended Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fulty ￿0vered. and is classified under headings of the ststement of financial activitses to which it relates: expenditure on raising funds wicludes the costs of all fundraising activiti84 events, non