2023-12-31-accounts

DEPAUL HOUSING SERVICES COMPANY REGISTERED IN ENGLAND and WALES COMPANY NO: 08561164 CHARITY NO: 1155073 RP NUMBER: 4792 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023

DEPAUL HOUSING SERVICES CONTENTS PAGE PAGE LEGAL AND ADMINISTRATIVE DETAILS OF THE CHARITY TRUSTEES, REPORT 3-11 INDEPENDENT AUDITOR'S REPORT 12-15 STATEMENT OF COMPREHENSIVE INCOME 16 STATEMENT OF FINANCIAL POSITION 17 STATEMENT OF CHANGES IN EQUITY 18 NOTES TO THE FINANCIAL STATEME￿$ 19-27

Oo¢u&gn Envdope ID.. SC71B6CA-84EW23UB4646BBA71ADB69 DEPAUL HOUSING SERVICES LEGAL AND ADMINISTRATIVE DEfAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 TRUSTEES.. lan Hellawell {Chairf) Urvashi Bhagat lioined 17 Apri12023) Akn D'Arcy (resigned 15 February 2024} John Dunn (resigned 23 May 2￿3> MKhael Jones COMPANY SEGRETARY.. Penelope Bull (to 19 May 2(Y231 Denis lQng {from 19 May 2ff231 CHIEF EXEc￿1VE OFFICER.. Ththke {to 30 September 2023) Murphy finterim from 1 October 20231 REGISTERED OFFICE.. London SEI 4QQ COMPANY REGISTRATON NUMBER: 08561164 {England and Wales) CHARITY REGISTRATON NUMBER: 1155073 {EnglarK1 and Wales) RP NUMBER: 4792 (Regulator of Social Housing number) AUDITOR: Crtrwe U.K LLP 55 Ludgate Hi London EC4M 7JW

DEPAUL HOUSING SERVICES LEGAL AND ADMINISTRATIVE DETAILS OF THE CHARfTY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 STRUCTURE GOVERNANCE AND MANAGEMENT Depaul Housing ServKs {thè Charrtyl is a registered charity, a company lirnrted by guarantee and is also a Registered Prowder of S￿￿31 housing {RPI. The company was wistered on 7 June 2013 under company number 08561164. The sole memter of the ¢x)mpany is Depaul UK. a Charilablè company. The Board of Trustees ￿1rTe￿tty wnsiSt5 of Ihr mwnbÈrs who are responsible for, and committed to, leading the Charity. agreeing the Charity's strategic and business plans and associatèd financial planning and bijdgets, and monitoring their delNery. Th￿r particular areas of expertise include." the provision of social and supported housing,. the homelessness and youth se¢lNs'. the law as it relates to housing in general and affofdable housing in particular,. and public sector a￿O￿ntIng and finance. A skills audit of Trustees is undertaken regulaty to assist in identsfying what skills and experience might be lacking on the Board, and this in tum influences the recnjitrnent. Se￿ction and appoirrtment process. as does the Board's commitment to broadening r(s own diversty in order to better reflect the omrnunrties rt serves. Trustees are fomally aptxnted with prK)r wrtiten approval from Oepavl UK. All Trustees go through a full, comwehensNe indudion process on appointment and relevant Iraining is then made available throughoul their perrod of apwntment to eftsu￿ thatthey are able and confident lo perform their dutEs as Truslees. This is enab￿ by an annual appraisal process and effectiveness review, at whith development needs can be hIentIf￿d. The Trustees are also responsible for ensuring that this Tep(¥t ¢xJmplw with Ihe govemance and financial viability stsndard and ensure that (X)m￿lance wilh the Standard is rgwewed annually. The Trustees who served during the year were: John Dunn Ichairl (resigned 23 May) Urva5hi Bhagat (from 17 Aprit) Alan D Arey lan Hellawell (interim Chair from 23 May) Mithael Jones 08JECMVES AND ACTIVITIES The charitable objects are Speci￿1￿ restrthd to the folkmng for the public benefit.. to promote and advance the relief of poverty by such means as the Trustees shall in their absolute dis¢retton detemiine, and in particJJLar Iwtthout limitation) by the provision of Social Housing in Engjand. any other putposes (x)nne¢ted W[￿ or Incidentsl to the prowsion an managemènt of SIK#al Housing, shelier. accoMmodat￿)n, training and other services to persons whom the Trustees shall deem to be in need of such provision by reason of homelessness. deprivation or social or economic c4rcumstanos feligible persons)., the Yvan￿Ment of education induding (￿thoUt limitation) the WOViSK)n of education and training to eligible per50ns.' to provide laulrties for leisur&time activrties for eligÈble F$(￿5 in the interests of soryal weware so th their conditions of lrfe may be improved.. and to promote effi(xetw and fvrthgr th& tharitable oblects of Depaul UK. The Trustees have a strong regard forthe public benefft guKlance published by the Charty Commission and is in compliance WTth its duts"e3 under seCt￿n 17 of the CharrtEs Act 2011.

DowSvJn Env8W10." 6C7186CA-84E>47J4-88W6BBA71AW9 DEPAUL HOUSING SERVICES LEGAL AND ADMINISTRATIVE D￿AlLs OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Th8 agreed slralegK objectives for 2023 were= To address and relieve homelessness and povety through the delrvery of mofe.. Safe, affordable and hig￿qual￿ housing and the provision of IKbU5ing semces to more people who are vulnerablè, To coproduce with our tenants what the Charity ¢Joes arKI how rt does it. To be a financially sustsinable and well govemed business that is compliant wtth rÈlÈv8nt Règulatory Frameworks. These obj8Ctiv8s a￿ part of an apwfoved three-year strategy, with revised otièthves. wh￿h came into effect in 2021. The Chartty ts opeTaling * a time of high demand for accommodation provision for people who have slept rough or are at risk of. The organisation was Landlord to 128 tenanls at the end of 2022 growing to 215 lenants at the end of 2023. The Charity was formed in 2013 and became a Wiste￿ prw.der in 2014. The CharTty.' owns 8 14-bed property (Depaul House) in North Tyneside, holds a 3&year lease on a 12-￿d aecommodatrn f8uIty (Safesiopl in Manchester, owns 6 one-bedroom fiats in Middlesbrough. leases 3 properties in London and Greater Uanthester for the delwery of supported housing seM¢es foi people who have slept rough or are single horndess people. is the registe￿ landloid for an addrtional 117-units in Manchester working in partnarship with Emerging Futures GIC. Caritas and SSG.. The Charity provide5 accz•rnmcMJath)n and support to young people and vulnerable a4Jutts in North Tyneside, Greater Manchestei, MKJdlesbrough and London through managemenl agreernents with Depaul UK, and partnèrships wrth Emerging FUbj￿ CIC. Garitas and SSG. These activities fully meet the Charity Commission's public benefrt test 2023 Notable Achievements The Gharity successfvlty o deliVe￿d 4 homes for people experiencing rough sleeping. using Homes England fuThts uThler the Rough s￿epIng Accommodation Programme {RSAPI. bid for Homes England ftjnd Stngle HoMe￿sS Accommodation Programme ISHAP} in the year to purchase and develop 10 addib"tsn815(Kkg1 housing units in mIdd￿sbrOUgh, ptsrGhasin9 2 In the year, v¥itli tlie rBmainin9 8 to be delivered tn 2024r25. In partnetship wrth the GLA {Gieater London ALthority} aThJ Haringey coun￿1. the Charity secured SHAP funding for a 12-bed supported acu)mmodaknn t)roperty in London. which will be purchased in 2024. Thè Charty dèveloped a new partnership with SSG to broaden its SCO￿ in ptowding good landlord servi¢xs to tenants. CliÈnt Focus The needs of the Charity's d￿ntS are at the heart of everythFng tt d¢)es, and the Charity has adopted Depaul UK'S Client Involvement strategies and prcredures in order to ensure that there is a framework lo guide this effects'vely. A key part of this framÈwofk ts regular consuttalion with residents via the Voice of Depaul, the annual Client ConleTen¢e and ad hoc cyJnsuhation activity around various elements of service delivery. The Charity is keen to consuli dnts around matters where their voice can have a meanin9frJl impaci on proposeil thanges earfy in the process. Client Involvement initiatives have been piloted throughoth 2023 which fflove the Charrty towards the COPT(xluction. co-design and oidelivery of its proiects and Servi￿5. At the Charrty's properties, resNJents are informed aboul thB commrtmenl to client invofvement the Voice and the annual Client Involvemant News￿tter. whith was initiated in 2022.

DcoJSKJn Enbk)p8 ID". 6C71B6CA-84E94234-6BW6W71AtX69 DEPAUL HOUSING SERVICES LEGAL AND ADMINISTRATIVE D￿AlLs OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Complalnts The management of txjmplaints is (arried out by Depaul UK on beha￿ of the Charity and Depaul UK has adopted The Housing Ombudsman's Complaint Handh'ng Code as the basis of its approach to ¢omplaints. Complaints are monitored and reported upon quarterly to the DHS Bgard and Dèpaul UK'S Services and Business Development Committee. The BU￿￿e$S Excellence Partner is the Complaints Offi¢ei for Depaul UK and is responsible for the implèmentation of the Complaints Policy. In 2023 Depaul UK asked 311 clients induding the Charrtls tenants, about their eXperien￿S of making a complaint and used their feedback to help tt to revi&¥ the Complaints Pdicy, making tha process simpler and redu(xng the complaints prr￿S to ￿ stages from three. In 2024 Depaul UK will be iM￿ementI￿j an plan to make tmprovements lo its ¢ompEaints handling. This includes hawng a named Tnjstee and Direclor wrth joint responsibility for complaints monitoring to improve accountabilty, delNering new staff training to irnprove handling and recognib.on of complaints. and refining Complair￿ reu)rding and re￿rtIng systems and processes to help better understand and monttor perf0M￿nce. Vincentian Values The Charrty has adopted the Depaul Group's Vish)n, that everyone shoukl have a place to call home arid a stake in their communty. ThÈs work is guided by the Vincentian Values, and these are the basis for everyihing the Charity The vin￿nI18n Values are that we". celebrate the potential of pe(wle. put our words into action. take a wider role in uvil swety., and believe in rights and responsibilibes_ Goveman¢e The Charity is (y)n$lrtuled undw a Mèmorandum aThJ Arbcaes of Association dated 7 June 2013. The Board r&adopted the National Housing Federation's Code of Govemance {202016n May 2022 and the National HousM)g Fe(leralion's Code of Conduct 2020 in December 2022. Following an exteftsi￿ re￿eW ol the Code of Govemance120201 undertaken in 2021. 8n action pl8n is in place to ensure the Charity achieves full ￿mp[lance and continuousfy improves Governance standards and qualty. Progress against areas of improvement identified in the action plan is Fnoniloied 8t Board mèètings. Areas where compliar￿e has been achieved are managèd and reviewed on an ongoing basis KPIS, supported by an Annual Govemance Schedule. The review against the 21f20 Code Ident[F￿ a small number of a￿8$ of non-compliance, which can be explained as follows.. The Charty's Constitution confiids with Ihe Code iegarding the numberof Trustees th81 should sit on the Board, and theref￿ the Con$trtutN)n tskes precedence in thts area. There are areas where o)mpliance is w¥)t applicable bacause there are no shareholders nor paid memb￿$ of staff, and Trustees receive no remLsneration. The processes th might normally be managed by paid employ*s (e.g. Truslee recruitment and inducb"on, management of systems relating Its intèmal controls aThJ the audit prcte5sI are controlled by the Group Parent. Depaul UK, and there is an Intra Group Agreement and Service Level Agreement between the Pa￿nt and the Charity Ihat forrnalises Ihis arrangement. The Board ofthe Charty has also adopted all of DepaLd UK'5 pol￿e$ anil pro¢edure$

ot￿&gn Envelop6 ID" fjC71B6cM4E>4Z34-8BW6B￿71N￿ DEPAUL HOUSING SERVICES LEGAL AND ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 The remaining instan￿$ are primarily considered lo be matters of Continuous improvement wh￿h are being ath.oned wrthin a spe(Jfied timescale li.e. increasing the fo(xJs on carbon neutrality.. revwing the Memoranduffl and Articles of Assockation and Teirns of Referen¢e lo ensure the inclLssion in the mosl appropriate d(vJment ￿ S￿IfiC responsibilit￿$ and principles of reappointment and tenurè". ar￿ EDI objèctive and target seth.ng that is specifi¢ to the Charilyl. The Board reviewed the Charty's complsance with the Governan￿ and Finan¢KAI Viability Standard in May 2023. There are currenuy no areas of non-wnpliance wth the standard, but formal stress lesling pr(Kesses are under revi￿ to ensure that they refiect the chari￿s recent growth. The Depaul UK Strategigs. P￿t¢leS and Proce(lures adopted by the Charty include.. Health and Safety Irefreshed to include speafic referen(* to damp and moultjl". safeguarding children and adults at risk.. Environmental impact." Client involvement and feedback,. Ctctjpancy charges, rant payments, arrears and bad debts". Rent Setting and A¢¢ounting Void Management and Lettable Standards,. Wamings and Evi¢tKTrn5', Risk management." and Equalfy. DiversTty and Indusion. All of these are tested lo meet the speofic needs of 8 Registered ProvFrter. A high standard of parenUsLFbsidi3ry govemanc% is enabled by biannual meetings of the Chairs and CEO of both Charrties, togethei with the CharFty's Le8d Officer. At these meetings, risks and opportunities are discussed and infomiatton shared. The responsibiltb.es of the parent and Subsidiary are also set Otrt in summary documents which have been rewewe(l and approved by both Boards. Equlty, Diver5ty and Incl￿10￿ IEDII and the Public Sector Equallty Duty Wrth Depaul UK. the Charty is worknng to". Eliminate discriminth"on. harassmenL ¥￿"m1$allOn and other conduct that is prohibrted by. or undef. the Equality Act 2010. Advance equalty of opwrtunrty be￿een person$ vtho share relevant prote6led characteristics and persons who do not share them", and Foster good relalionsbehyeen pwnswho share a relevanl pr(Aected characteristic and those who do not. It is committed to being a tnjty d￿e￿e organvzation. and both charIt￿S measure Ihemsdves againsl the highest standards, induding those wlthin the Eoualrty Act 2010 and thè Publ￿ Sector Equ8lrty Duty. Vlffth Depaul UK, the Charrty is committed to going beyond mere complonce and to take action to embrace the benefits that EDI can bring lo the engagement of staff, the oulo)mes for clients and tenants. and how the mission is delivered. Depaul UK is an accredrte¢J Investors in Divetsty (Silver Award) organisation and it has a published organisation wM1è a¢b"on plan to ensure thatthis commitmÈnt to Equity. DiveTsity and Indusion is kept al the forefront of our agenda.

DthxSw)n En¥4y ID". 6C71B6cA-84E￿TJ48B￿￿6B8A71ADe69 DEPAUL HOUSING SERVICES LEGAL AND ADMINISTRATIVE DEfAILS OF THE CHARITY, trs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 OPERATING AND FINANCIAL REVIEW Flnancial P¢rforniance The Statement of c0rnp￿hensive Incorne ¢)n page 16 sh¢yws that Ihe tumover for the year is £858k (2022.. £448kl and operating ¢x)sts for the year is £814k {2022'. £429kl. The surplus for the year is £41 k 12022.. £16k), resulting in total reserves of £YJ)k12022: £549kl. The signfficant increase to income and expenditure reflects the additional piojects taken on in 2023. Dunng the year. the Charity entered into new leases for several properties in Lorhdon and Manthestor for the delivery of suprK)rted housing semces. The majotrty ofthese projects W￿￿ managed by D&paul UK, bul others were rnanaged by exlemal pavtners. Emerging Futures CIC. Caritas and SSG. These addrtional arrangements have resulted in lease costs increasing by £385k to £712k this year {2022-. £327kl, and simiLady, Tentsl income irwsing by £410k lo £818k this year {2022: £408kl. Expenditure in the year induded loan Inte￿St relating lo Depaul House Wh￿ was acquired from Depaul UK in 2014 al the valuatK)n of £150.OCrf)_ The CharTty enlered into a Loan Agrèement with Depaul UK in 2015 and the loan of £150.￿) is stheduled to be repaid over 30 years wrth interest chargeable at 2% above Base Rate. The loan Is secured by Depaul UK on the proKrty. Intemal Control Assurance and Risk The Tiustees acknowledge thèir overall responsibilty for esta￿shing and maintaining Ihe whole system of intemal control arid foi reviewing ts effectiveness. The system of intemal control is de$wJn8d to manage. iatherthan eliminate, the risk of f8ilurÈ to achieve business objectives, and to proV￿e reasonable. and Th)t absolute. a$$urance again￿ material misstatement or loss. The prO￿5S for Kjentrfying. evahjating and Th8n8ging the signth(ant risks faced by the Charty is ongoing and has been in pL3c£ throughoui the period commenung 1 January 2023 up lo the de of approval of th8 annual report and financial ststements. Key elements ol the control fi3mewofk indude" dearfy defined management reSp￿1$1b￿it1eS for the idèntifKation, evaluat)n and control of significant risks,. robust Strat￿lC and business planning pr￿esSeS. with detailed financial budgets and fore(2Sts', ievw4 of the Chartirfs risks by the Board olTrustees at each meeting." established authori￿lon and appraisal yo¢edures for all swnnlcant new initialives an commitments". appraisal of mapr devek)wenl proJe(ls by Ihe Board of Trustees.. and regular rèporting to the Board of Trustees of key business objectives, tafgets and outcomes. During 2023, the Twsteès have given due consideration to Ihe maioi risks that the Charity 1$ exposed to and were satisfied that the Control measu￿$ in place to manage those risks were appropriate lft addition. risks shared by the Chanty and ¢ts parent company wefe revTewed at the bi-annual Chairs tllèetings.

lknu&gn ID". 6C7106CM4E9423448W68BA71AD DEPAUL HOUSING SERVICES LEGAL AND ADMINISTRATIVE DEfAILS OF THE CHARITY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 The headline risks which have a sign[￿an1 impacL andl(K cavry a high likelihwd of occurring Include.. Data Protection. IT $ystems and Cybèr &curity This risk relates to the ptstential lor IT syslems failure at Depaul UK whlch tsjuld lead to a loss of data, and financial issues such as rent collection. The increas&J dependenw in the use of ICT based technology during the pandemic has also seen a global ￿knowle[1gernent of the increase 8nd potential of cyb8r-¢rime. This risk links directty to complkince with GDPR and 08ta Protection Act oblig81ions. atin interventions": the Charilty does not colle(. hold or St￿ any pèrsonal data for tenants or suppliers and does not employ any staff directty but is dependent upon Depaul UKto do so on rts behaW. The￿fore. this risk is signrfKantly mrtigated. Depaul UK mtb"gales the risk by reviewing the Data Protection Policy and Procedures." achieving Cyber-essenb"a15 Plus qualty 3ccrÈdrtalion', appointing a Protection Lead who is also a qualified Dats P¥otectK&n Prac￿￿.0ner, ongoing registration wrth the Inft>mation Commissionèrs Office. undertaknng regulai potential data brea¢h reviews and r8t)tsrb"ng upon these to the Finance, Audit and Risk Committee., COnt￿)ul￿g to take legal and expert advice tor omplex enquiries," providing staff with training materials to assist them in 8dvancAng their digital capacrty and capabilrty. Haalth and Safety As a social housing provider. the Charity is responsible IOT complying with its statutory dutfjes and maintaining and implementing a comprehensive surte of health and safety rM)li¢ies and prc£edu￿s. Failing to do so risks exposing dients to injury, illness or death_ atin interventions" Risks are transferred lo managing agents through management agTeements', Hearth and Safety PoI￿leS and Procedures are in place and delivery is monitored and reported on a ￿g￿l8[ basis." all property rs insured. We have a detailed asset register which covers all areas of statutory Heath and Safety comptiance and perfoman¢x and is revÈewèd by our Trustees quarterly. Compliance with new regulatory standards The Chanty is subject to a range of regulated and qualty framewoths including the ReguLqtor of Social Housing . During 2021 tharities were consuMe¢J on the Govemmen¥s plans lo review unregulat prtsvision lor 16117 years olds. This has resuhed in a new regutated environment which will be introduced into the sector in 2024 (Galled The Nat￿n31 Standards for Unregulated woviséon}. Tlii5 risk is regarding the Chaity's activtties and it meeb.ng and ￿Mplying wth Ihe standards. Miti alin interyentions" direct liaison with the Department for Education, Providing feedback on, and influenong and shaping of. the design and iMplementat￿n of the nw standards., staying up to date with devèlopments of the new regulatory regirne,. reguLAr rewjrting and communications. Putting ielevant systems and strudure5, including a Registèred SeN(E Manager and Qualtty Team inpLt, in place lo ensure Complian￿ wrth th8 framework and guidan￿. This work is coordinated and delivered by Depaul LIK on behalf of thè ChaEity. Development Progr4mme Current Govemment programmes suth as RSAP and Siwe Homeless Accomm￿l3t10n Programme ISHAPI a￿ enabling organisations such as the Charity access to (2Prtal revenue funding for the purchase and development of properties for the pro￿s1on of socTral housing. 11 the Charity enters into a property development programme, (( needs lo ensure that rt is strategicalty, finanaally and operationally viable, or it risks being unaiAe lo fulfil rts obligabons to tenants. being able to compty with regulatory ¥equirements andlor meet financial o)mmiiments. Miti atin interventions.: All developmwrt opportunities undergo an iiitKI1 feasibilty re￿eW,. all in¢Jividual development projects undergo appTopriale due diligencè and risk management reviews.

DwSv)n Envdcw1Tr. 6C71B6CM4W23MB4&F6B&471AD869 DEPAUL HOUSING SERVICES LEGAL AND ADMINISTRATIVE DETAILS OF THE CHARrrY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 . These mitigating inlerventionswere led by Depaul UK. erther in its capacty as a houyng m8n8gement agent, or as prowded for by the Servi¢e Level Agr￿rnent I Intra-Group Agreement. The role of th¢ R￿ulatOr of Social Housing As a social housing provjder. the Chatity is required by the Regulator of &Kial Housing to ensure rt Is delivering the ¥ight service. in the right way. at the whl ¢))sl. Regulatory standards contain specffic expectations and the outcomes that providers a￿ expected to achieve. Providers. boards and local authC￿ty councillors who govem ser¥K% ddivery arg responsible for meeting the relevant standards and delemiining how this is done_ The standards are dassthed as erthÈr,econom￿. or'consumerf. E¢onomlc standards The Regulator of Social Housing proactNety seeks assuranc from PTovhler5 that they are meeting its econotnic stsndards. These apply to all registèred providers ex￿pt for k)cal authorilies because thè regulator has no F¥)wer to set ec¥MOM￿ standards kn local authorrtEs (eX￿pt rents). The three economic standards are= Goveman¢e and Financi?1 Vjability Stsndard- Value for Money Standard- Rent Standard. Consumer standards The Regulator of Social Housing also sets wnsumer slandards. and Èts role is to intervene whefe failufe to meet the standards has ￿Used, or could have ¢xused. serious haryn lo tenants. These apply to all registered providers induding local authorities. The ftsur consumeT stsndaids are.. Horne Standard", Tenancy Standard. Neighbourhood and Communty Stand8rf; Tenant Invo￿ement and Empowemenl Standard. (taken frotn https.lfvA￿.goy.UkJyUl￿an{t1[eQVlatory-StandaIl1$}. The Value for Money Standard and Dèpaul Housing Servi¢e• The ChaTty works to 8 Value for Money ￿FM) stregy doveloped using the guidance and standards set by the Regulator of Sock41 Housing. ¥Nork in this area has conb'nued throughout 2023. A key part of VFM ts achieving good perfcvmance figures on I￿1 collethon. arteafs and bw empty night rates. At the end of 2023, 90°k of rent due was collected. the percèntage of ernpty room nights was 9°k, and current rent arrears were 8%. These were good perfO￿an￿ irKli(3tors within set targets. Howevèr, this exdudes one of our sthemes. The Youth Hub. whi¢J) operates to a drtfererrt rent model to allow for the accommodation of indiwduais wth no rècourse to public knnding and therefore no way of paytng their renl. OurVFM strategy indudes a staternenl {belowl on howwe ￿tend to achieve VFM and howthis operates within our strategic O￿"eCt￿e5.

DEPAUL HOUSING SERVICES LEGAL AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Value For Mone statement The Charrty's work is underpinned by Depaul UK'S strategK ams which have t)een to". Prevent homelessness through thrcmjgh influencing policy and pU￿1C opinion, educating y¢)ung people, strengthening famity relationships and promding a¢h'ce. guidance and shetter in times of crisis. Increase the resilience of people who are expenencing homelessness through providing accommodation and support that is trauma-informed, strengths-based, and rooted in promoting mental heatth and well￿"ng Energise societal ￿sPOnseS to engage the wider soaety in addressing homelessne5S through supporting campaigns. en￿Uraging volunteering and seeking strategic partnering to in¢￿aSe our Impact and improve 1rfe-Chan￿ for those we supporL Stimulate aspirations, creab"rrfJ ambition and conffiden￿ in our benefiuaries, through the provision of EmploymenL Training and Education programmes and opportunrties that enable the people we work to confidently take their place in soriety. To ensure full compliance, the Charity has established procedLwes to assess, in all its a¢b"viti"e$. whether it is 1. Purchasing ￿sOUrceS in the right quantity and at the right price (Economy) 2. Obtsining the maximum outrAJt from our resi)urce input {Efficiencyl 3_ Assessin9 the implicab.ons of our actual performance in relation to our target (Effectiveness) 4. Dislributing our resources fairfy {Equrtyl The VFM indicators given in the Regulators Guidance are in brackets. There is al$0 a wider requirement set by the Acctxjnting Direction for Registered Providers of Social Housing 2022 to repx)rt on the indicators presenled in the table bekxv, as a measure of its ongoing ￿Mmrtme￿t to proving affordable gcKJd qualty housing: 2023 IAedian 2022 DHS 0% DHS 40% 0% 27.0% 41.9% 42.2% A New Surply DelNwed (Sw"al Housing % B New Supply Delwed INon-SoE￿I Hou 1 Reinvestment % 2 Nebv Suppty % 3. Gearing % 4 Earnings before Inte￿5t, Tax, Oepreciabon, Amortisation. Major Repairs Ind￿1￿8 IEBITDA MRI) Interest Cover % 5 Headline HO￿1￿ Cost w Unit 1£) 6. Operating Margin % 7. Retum ￿ Caprtal Emplo￿ IROCEI % 0.0% 73.6% 57.2% 1.3¢ 45.3% 128% 1417% £3.493 5.4% 2.8% £4,586 18.2% 2.8% £2.831 4.5% 1.4% Going Con¢em The business activities of the CharTty. its current financial posrtion and faL#ors likely to affect its future development are set out wrthin the operth.ng and Financial Revithv. Taking the letter of support promded by Depaul UK for the per*)d through to 31 December 2025 and the existing Intr&Group Agreement sNJned by the fvdo Charities in June 2014 into ¢onsiderab"tsn, the Trustees are salisfieil that the Charity is a going concem and the accounting policEs have been prepared on that basis. io

DEPAUL HOUSING SERVICES LEGAL AND ADMINISTRATIVE DEfAILS OF ThE CHARITY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 STATEMENT OF THE RESPONSIBILMES OF THE BOARD OF TRUSTEES FOR THE REPORT AND FINANCIAL STATEMENTS The Board of Trustees is rèsFx)nSib￿ for preparing thè Trustees. Rap￿t and f￿anCial staternent5 ordance wrth applicable Lqw and regutatKJns. Legiqlation requires Ihe Board IrfTrustees to p￿pare the financial statements for aach financial year in accordance with United lthngdom Generalty Accepted A(xx>unting Prath"ce Iunrted Kingdom Accounting StandarOs} and aPpl￿￿Ae laws. Under relevant tegtslation, theTruslees m￿1 not approve the fi'nanaal talements unless they are satisfied that th8y give a true and fa.r wew of the state of affairs and surplus or defictt of the Chanty for that P8nod. In p￿pan"n9 Ihese finarwl stalem￿ts, th8 Tiustees are required to.. selec suitabte accounti￿ pc4￿$ and Ihen apply them Con￿Stenty. fflake judgements a￿L￿nting gstimalÈs that are reasonabk and pmdwt state whether applicabk UK ALxx)unting Standard5 and the Ststement of Recotnmernded practice ISORP) for Registered Socrdl Hwsing Provhlers update 2014, have been followed, subie¢t to any material departures (tisdosed and expL4"ned in the financial statements,. and prepare the financial statements on the g¢ing concem basis unless it is inappropriate to p￿SUm& that the o)mpany ￿11 conmue in buwness. Thè Board of Tn¥stees is responsib￿ for keeping proper accounting rwds. which are sufficient to show and expL8in the Charty's transa¢ons and disdose with reasonable acajiacy at any time the finanaal positx)n of the Charity and enab￿ rt to ensure that the finanryal stements comply th& Companies Act 20(6, the Houstng and Regeneration Act 2tK)8 arld the ACC￿nting Diro¢tion fol Private R8gister8d ProMders of Social HouS￿ng 2015. 1¢ ￿ also ￿pon￿ble for safeguarding the 8s5ets of the Charity and hen￿ for taknrvj reasonable steps for th8 pr8vention and detecbon of fraud and other irregulariDas. In so lar as each member of the Board of Trustees is aware: there is no re￿vant audit infonnattM of whic the charitable rompanls aut1itors are unaware.. and the Trustees have eath taken all the sieps that they ought to have taken to fflake theMSe￿e$ aware of 8ny relevant aud¢t informatk)n and io e$&￿ish that the auditors are aware of that infomiation. The B08rd of Trustees are ￿spun￿bI2 forthe mantenance and integiity ofthe c1)r￿rate and finanaal nfomiation tsn thè pargnt compart￿$ wobsito - D8P8uI In $0 far as this relates to thè Ch¥rity. legislation in the Llnfted K￿gdOrn goveming thè prÈparation and dissemination of finanoal stateinellts may dÈffèrfrom legi￿ation in olhar jurisdictions. Srnall Companies RegSm• This report has b8en prepared ui arxX)rdan￿ with ihe special provisions relating to (x)tnpanw sut¥ect to the small companies regime wrthin Part ts ofthe Companies Act 20L￿. The rep(¥t ot the Trustees was approwj on ...26June 2024 and &gned on their behalf ty.. lan Hellawell Chair of Tnmtees li

t)ooJ&gn Eftvdwe ID.. fjC71B6CM4EW4ZJmW6B&471AD￿9 DEPAUL HOUSING SERVICES INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF DEPAUL HOUSING SERVICES Opinion We have audrted the financjal statements of Dèpaul Housing Services forthe year ende(t 31 December 2023 which comprise the Statement of Comprehensive Inca)me, the Ststemenl of Financ481 Position, the Statement Df Changes in Equty and noles to the finan(ial statements, induding signrficant accounting policies. The financial reporting fratnework that has been applied in thèir preparation is applicable law and Unlted Kingdom A¢¢ounting Standards. induding Financial Reporting Standard 102 The Financial Re￿rtIng Slan4Jard appliLzble in Ihe UK and Republic of IreL3n¢J {United Ktngdom Generally Accepted Acxounb'ng Practi￿1. In our opinM)n the financial ststernents: give a true and fair v￿W of the state of Depaul Housir)g Ser¥ice's affa￿S as at 31 December 2023 and of Tis income and Èxpenditure, for the year then ended", have been propety p￿pa￿ in 8ccordance wrth Unried Kingdcrfn Generalty Actepled Accounting Practice" artd have been prepared in accordance wth the requireinents ofthe Companies Act the Housing and RegÈneialFon Act 2(MJ8 aTrJ the Accounting Direc*on for Private Registered Providers r)f Social Housing from April 2019. Basis for opinion We conducted our audit in accordance with Intemation81 Standards on Aud¢ting (u￿ IISAS IUKII and applicable law. Our responsibilib.es under those slandards are ftjrther described in the Auditorfs responsibilitEs for the audrt of the finanaal statements sethon of our report. We are independent of Depaul Housing Serwces in accordan￿ wrth the ethical requirements that are relevanl to our audit of the financial ststements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other Èthic31 responsibilities In accordan￿ with Ihese requiièments. We believe that the audit evidence we have obtained is sufficient and appropriate to prowde a basis for OLK opinion. Conclusions relating to going concwn In auditing the financial statemenls. we have concludedthatthe trustees. use ofthe going concern basis of aceounting in the prèpar8tion of the fin8nr#al statements is appropriate. Based on thè wowk we have perforrned. we have not idenbfwl any material un￿rtaIntieS Telating lo events or condrtions that. individually or coll8ctivety. may cast signTficant doubt on Depaul Housing Service's ability to ¢ontinue as a going concem for a per¥)d of at least twefve rrTronths from when thè finan￿al statements are authorised for issue. Our responsibilities and the responsibilthes of trustees wrth respect to going concem are descrthd in the relevant $e¢tions of thi5 report. Other infomiation The trustee5 are responsible for the other inf(mation ¢￿tsined within the annual rewrt. The other information comprises the infomiatitin in(Juded in the annual ￿ port, other than the financial slalemenls and our audilorfs report theTeon. Our opinion on the financHI statements does not cover the other information and. except to the extènt otherwise expJKxtty stated in our report. we do expTe&8 any form of assurancè condusion thereon. Our responsibilty is to read the other inf0mial￿ and. u) doing so. cortsider whether the other information is materialfy inconsistent with the finanual statements or our knowledge obtained in the audi( or othe￿iSe appears to be materialty mÉ55tated. If we identify such material ￿n￿nsIstenc1es or

En% ID." 6C71BeCA44E￿34￿B4e￿F6B￿71ADfj69 DEPAUL HOUSING SERVICES INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF DEPAUL HOUSING SERVICES apparent material misstatements. we A￿ required to determine whether this gives rise to 8 material misstatement in the fjnanryal stslemenls themselves. If, based on the work we have perfomied, we conclude that there is a material misstatement of thÉs other inforniatKsn, we are required to report th81 ts¢# We have nothing lo report in rgJard. Oplnlons on other matters prescribed by the Companle8 Act 2006 In our opinion based on the work undertaken in the course of our audit the infornat￿n given in the trustees, report. wh￿h Éncludes thè directors, report prepared for the purposes of ¢ompany law, for the financial year for which the financial slatements are prepafed is consistent with the finan(#al staiements," and Ihe directors, report indudeil wrthin the trustees. report have been prepared in accordance wth applicable legal requirements. Matt&rn on whlch we arn rgquired to rnport by exception In light of the knoWI￿ge arsd understanding of Depaul Housing Services and their enwronmenl obtained in the course of the audit. we have not idenlffje(I Materi￿ misstatèments in the directors, report irtcluded within the trustees, ￿pOrt. We have r￿thIng to report in respwA of the folk)win9 matters in relation to which the Companies Act 20(K or Ihg Housing and RegeneTathJn Act 2008 requires us to report to you rf, in our opinion". adequate and pl0￿r accounting records have not been kept.. or the financial statements are not in agreement with the accounting re(x)rds and retums- 01 certain disdosures of trustees. remuneralion spe(xfied by knv a￿ not made". or we have not T￿￿ed all the infomiation and explanations we require for our audil., or the trustees were not enlrtled to p￿pare the finatKkal statements in ac££rdance wf(h the srnall ctsmpanies regime and take advantage of the small cx)mpansÈs' Èxemptions in preparing the trustees. dire¢tors' report and from the requirement to prepare a stsategic report. Responsibilities of trustse$ As explained more fulty in the tnjslees. responsibil￿eS stalement set out on page 11, the trustees (who are also the difedors ol Depaul Housing Services forlhe PUTposes of cornpany law} are responsible for the preparation of the financial Statements and for ting satisfied that they gtve a true and tair view, antt for such intemal conlrol as the trustees detefjnine is necessary to enable the ￿￿paration of financial slalements that are free from material misslatemenL whether due to fraud or error. In preparir¥J the financial statements. the trustees a￿ ￿Spr￿sIb￿ for assessing the Depaul Hwsing SerV￿e's abilty to continue as a going concem. disc)wng. as applicable. matters related lo going concarn and using the going concem basis of a(￿unting unless the trustees ether intend to liquidate Depaul Housing Services or to cease oper*ions. or have no ￿aliStiC ahemative but to do so. Auditorfs responsibilitiès for thè audlt of the financial statements Our objectives are lo obtsin reasonable a&sUran￿ aboul whether the financial statements as a whole are free fiorn matertal misstatement. whether due to fraud or etror, and to issue an audttorfs report that include5 our opinion. Reasonab￿ assurance is a high level of assuran￿, but is not a guarantee that an audit conducted in accordance with ISAS IUIQ will a￿ayS deted a material misstatement when exists. Misslatemenls Can arise from fraud or error and are ¢ThNJered material rf. individually or in the

DooJSign EnvElope10.' 6c7186CA-84E¥42344W8B&471A￿S DEPAUL HOUSING SERVICES INDEPENDENT AUDfTOR'S REPORT TO THE MEMBERS OF DEPAUL HOUSING SERVICES aggiegate, they could reasonably be exmed to inlluen( e￿oMiC dec¥sions of users tsken on the basis of these finanaal statements. Details of the extent to whth the audit was conshlerd Capable of detecting irregularities, induding fraud and non-¢ompliance vrith Laws and regulatK￿5 are set out beK)w. A fijrther description of our responsibilrt￿s for the audrt ol thè financral statements is bcatèd on the Financk?l Reporting Gouncil'swebsrte at". www.frc.OT .uklauditorsres Onsibilit￿5. This description fomis part of our audrtorfs report. Extent to which the audtt considered capable of detecting irregularltks. Including fraud Irregularities, induding f¥aud. are instances of non-compliance wrth laws and regulations. We identified and assassed the iisks of materk41 misstatement of the financk?I statements from iTheguL4rities, whether due lo fraud or error, and discussed these bew our audrt team members. We then designed and perfomied audrt pr￿￿ule5 responsive to those risks, indLMJing obtaining audt gvidence SLtfficAent and appropriate lo provide a basis for our opinKJn_ We obtained an underslanding of the legal and regvlatory frameworks wtthin which Depaul Ho¢Jsing Services operates, focusing on those laws and reguL4tions that have a direcl effect on the detÈmin*ion ol material amounts and disdosures in the finanual statements. The laws and regulations we considered in this context wèrè the CompanEs Act 2c￿, the Charities A￿ 2011. the Housing and Regeneration Act 2008 together wrth the Housing SORP. We assesse(I the required Complian￿ with these laws and regulations as part of our audié pr￿dureS on the rdated financial statement rtems. In addition, we consideied provisyjns of other Jaws and regL¢Lgtions that do not have a direct effect on the financial stalements but compliance wrth which might be fundamental lo Oepaul Housing Services. abilty to operate or to avoid a material pena￿. We also u)nsidered the opporttjnities and in¢entives that may exist within Depaul Housing serv￿ for fraud. The laws and reguklions we considered in this context for the UK oper8b.ons were reqU1￿ments imtK)sed by the Regulator of So¢ial Housing and laxalitsn legislation. Auditing standards limil the require(l audit procedures to identify non-compliance with these laws and regulatons tts enquiry of the Tnjstees and other management and inspection of regulatory and legal coriespondence, if any. We idents'f￿d the grealest risk of matèrial impact on the fjnanaal statementsfrom irregularTties, induding Iraud. to be within the timtng of r¢oogn7tion of In￿rne and thc ovtsrride of controls by management. Our audit procedures to resKX)nd to these risks induded enquiries of rnanagement and the Finance. Audit and Compliance Commrttee about their own Fdent[fi￿￿"On and assessment of the risks of irregularities, sample testing on the posting of joumaL8, reviewing atxounting estimates for biasès. reviewing regulatory corrèspondence, designing audit Pr(￿a￿u￿$ over the timing of income and reading minutes of rneelings of those charged wth governan¢%. Owing to the inherent limitations of an audit. there is an unavohdable risk that we may not have detected sorne material misstatements in the financial statements, even though we have properly pLqnned an(1 performed our audit in accordar￿e wrth auditing standards. For example: the further removed non- complian¢e wrth laws and reguL4tions {irreguLqrtb"esl is from the events and Ir8nsaclions retlected in thè finanual statements, the ￿sS likety the inherenty limited proceduies required by auditing stsndards would identify it. In addrtion. as with any audit. there remained a higher risk of non-detection of irregujarilies. as these may invotve collusion. forgery, intentional omi%stons. rnisreplesentat￿ns. or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected lo detect nOr￿￿￿p1￿2n￿ wilh all law$ 8nd regulations. 14

DEPAUL HOUSING SERVICES INDEPENDENT AUDffOR'S REPORT TO THE MEMBERS OF DEPAUL HOUSING SERVICES Use of our report This report is male solely lo Depaul Housing Service's rnembers. as a body. in accordance with Chapter 3 of Part 16 ofthe Companies Acl 2(KJ6. Our audit work has been undertaken $0 that we might state to Depaul Housing Ser¥￿e's members those matters we are required to state to them in an aLKlitofs report and for no other purpose. To the fijlksl extent pemiitted by law, we do not accept or assume responsibility to anyone othef than Depaul Housing Services and Depaul Housing Services, members as a body, for oui audrt work. for this report or for the opinions we have fornied. Wincenl Marke Senior Statutory Auditor For and on bèhalf of Crow6 U.K. LLP Slalulory Auditor 55 Ludgate Hill London EC4M 7JW Date 27.06.2024 15

0￿uS49n Ellveknpelo" 6c71B6CA44E￿4234-86￿8B&471AD269 DEPAUL HOUSING SERVICES STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2023 Unrestricted Restricted 2023 Total 2022 Total Turnover Op8rating Costs Operating Surplu8 Interest pay8tlÈ Surplusl Ilossl forthe year before taxation 12 ¢7931 18141 14291 19 1211 12 131 131 12ti 41 16 Taxat Surplusl Itossl forth8 year end toial COMp￿h6n$￿¥t inGome for the year P11 41 The re￿￿S rejate wholty to (xjntinuing actiwties. The accompanytng [￿teS I to 17 fomi p8rt of these financkal ststements.

DEPAUL HOUSING SERMCES STATEMEKf OF FINANCIAL POSMON AS AT 31 DECEMBER 2023 REGISTRATION NUMBER: 08561164 2023 rooo 2022 £'otyJ Fixed assets Tangible assets 1,210 Current assets ca￿ at bank and in harml DebtOTS 161 255 416 170 Crndltors: amounts Yalllng du• wlthln on• ywr 11581 12541 Net cuwt assets 12 162 Tot•1 assèts less eumnt Ilabllltl•8 1,372 Crndltors: amounts falllng duo afteT one year (9681 18121 Provlsions Dilapidations provisons 1251 Not assots 590 Funds and fBs8riès General Fund Desgnated FuThJ Restrirled Fund Totsl Funds 178 100 312 216 15 333 590 The accounts have been prepared in ao))Fdance with the speaal pro¥i510ns relating to (X>rnP8rEies subjeil to th8 small (%)mpaniès r8gime wrthin Part 15 ofthe Compan￿$ Act 2￿6. Thè financLal statements We￿ approved and authjrised for issue by the Tr(stees on 26 June 2024 and signea on tneir DenaiT Dy.. lan Hellawell Chalr of Trt￿lee$ The accornp8Eiyiri9 notes I to 17 form part of these finanrAal statemenls. 17

DowSKJn Enh*bpe10 6C71B6CA-84E942344BW6B&471AD DEPAUL HOUSING SERVICES STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2023 G•noral Fund Restrlct•d Fund T¢)tal 8alan¢8 8$ 8131 Decemtw 2021 179 533 Surplus for the year 37 21 Balance as 8131 Do¢￿t￿r 2022 216 549 Surplus for the ygar Balan¢• ag at 31 D•c•mber 2023 62 1211 312 41 278 18

Dowsign En¥etope ID. 6C7186CM4EwfJ4-8BW8W71M) DEPAUL HOUSING SERVICES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023 Aeeountlng policies 1.1 Legal and company status Dèpaul Housing Sery￿s Ltd, a public tjenefit entty. Is a ¢haritabbe company limited by guaTanlee and also a registered social housing pro￿der. parent tx)mpany Depaul UK is the sole mèmber and ils liabilty is limiletl to £10. The addres5 of the registered office is 34 Decima Street. London. SEI 4QQ. The company is UK registwed with inforMat￿rt as folk￿.. 08561164 (England and Waksl Company Registration Number. Chaflty Reglslralion NLKnber'. 1155073 {England and Wal&s RSL Numb&r'. 4792 (Homes England Numberl 1.2 Ba$1$ of prnparatlon of fln•n¢lal •lat•m The financial slalement$ of the Charrty are prgpar•J in ¥f￿r08n¢0 with UK Generally Accepted A￿OUntIng Practice (UK GAAPI including Finanaal Reporting Standard 102 IFRS 1021 and the Hou8ing SORP 2018.. Slalemenl of Recommended Practice for Registered Social Housing Provbders and comply wrth th8 Accounting Direction for Priva18 Registereil prOv￿erS of Social Housin9 2019, applicable accounling standard$ and the Compani&s Act 2006. The Board of Trusleos is satisfied Ihal Ihg ￿rrent a¢xounling ar8 the most appropriate for Depaul Hovslng SgfViC8S. 1.3 Accounllng for fund8 Gener*1 funds are Unrestr￿le1 fvnds which are availab￿ frjr use al the dlscrellon of the Trustee8 In furtherance of the general objgCtNes of the Charity and whid) have not been design8led IOT olhgr purpo8e8. RestrKted fvnd$ are funds whth are to be used in accordance with restrictions imposgd by donofs which have b88n rak8ed by tho Charrty for pa￿.￿laT purposes. 1.4 Incom• All In￿Me is In￿ded in the Stalewt of Comprehonsive In￿me when th8 Chanty is legally enlitl8d lo th8 irthme and the aThiunl be quantifi8d with reasonable accuracy. R&ntal income L8 recognised al the gross knvel. nel of rent losses frorn voids. 1.5 Exp•ndlturn All expendrture is a¢counted for on an accFuals ba$i8. 19

0￿u$￿￿ Envelw ID". ec71B6CM4E94Z8MB4W68￿71ADaS5 DEPAUL HOUSING SERVICES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023 1.6 Tangible r￿qd awts and depreciation All assets (x)sting more than £l,O(K). either singly OT as a group. are LXPftal¢sed Tangible frxed assets are slate(l at cost or their value at the lime of donation, less depreciation. Depreciation is provKled al rates calculated to wrte off the cost, or their value al the time of donation. of frxed assets. ￿sS their estimated residual value, over their expected useful lives. The Charty separatety identffies the major CoM￿nents whth comprise its housing PFoperties and charges depreciation so as to write down the cost of each component to tts estirnated residual value. on a Stra￿ht line baws. over rts estimated useful lrfe. The organisalion has adopted the frAFowing deweciation [￿licy. Structute- over 50 years Krt¢hens- over 10 years Bathrooms- over 10 yèars Boiler- over 15 years Roof - over 30 years Fsxiures and Frttings- over 5 yeaTS Leasehold improvements- over the life of the lease, up to a maximum of 50 years Freèhold land is not depreck4led. Properties held on lease$ are amortised 0￿r the Itle of the leases or their eslimaled useful economic lives in the business. rf shorleT. 1.7 Financial Instruments Financial instrumerrts whi( meet the criteria of a ba finanaal instrument as defined in Section 11 of FRS102 are a¢¢ounted for urKler an an￿rtiSed his￿￿1 o)st mdd. Notvbasic financial instruments ar8 r8cogned at fair value using a vluatK)n technique with any gains or losses being reported in surplus or defKrt. Depaul Housing ServicEs has no non-basi¢ finanaal instruments al the year end. 1.8 Slgnlfi¢ant management Jud￿Ments In the view of the Trustee5. the useful ￿OnOm￿ Irrfes of dep￿iable assets. spe0r￿alty the Charity's property, and the dilaptd8tions provi8nns for ￿aSed propertEs reprÈsenl the rnost significant management judgement wrth the greatest impact on the finanaal ststements. 1.9 Government and otheT grants Social Housing Grant ISHG) is rece[￿able frorn Homes England (HEI and is recxjgnrsed in income over the expected usefvl lrfe oflhe IKTrusing propety stru&ure and components unller the accruals model. SHG due from HE or received in advan(* is induded as a ctjrrent asset or l¢abilty. SHG rece¢ved in respect of revenue expenditure is ¢TrJited to the income and expenditure account in the same period as the expenditure to whith rt relates.

DEPAUL HOUSING SERVICES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023 1.10 Golng can¢•m The Charity conb.nues lo operate on a going o)rKem basis. The business activf(ie$ ol the Charty, rts Current finanrAal position and factors hkety to affect its future devek)pment are $el out within the Oper81ing and Financkil Review. Hawng congdered ￿l￿ent fowasts and tNJdgets 8Th1 letter ofsupport prowded by Depaul UK for the period thfough to 31 Oeeembèr 2025, the direL%ors are satisfied that the Charty is a going concem arKI the finanLyal statemenls have been prepargd on that bags. 1.11 Ststsm•nt of ¢••h Ilo As the results of the Charity are consolidaled Snto hs uhlmata pargnt anlity's financlal slalemenls, Depaul InlernatK)nal. the Ch8rty has taken the exemption from preparing a statement ol cash ftows. 2. Tumov•r. op•ratlng •X￿ndItUr9 and opor•Ong •urpl 2023 Sw>ortod Houslng 2022 Supported Houlnq 2022 T¢41 Totsl rooo Incom• R￿* re￿1¥9￿• n•t crf thThbfi•lM• dwrg• 322 322 Servic• ch•308 132 132 oth•r grants Tumovgr from •oclal ho￿lI￿a l•tllrvJ 40 448 Op•r•lJng ExpwYlllw• 429 Op•rnVng surplu• on hOU￿Thj 18tllryB 19 21

0(￿U$¥j￿ En%¥1￿ ID". 6C71B6C*84EW23448W6B&471AD869 DEPAUL HOUSING SERVICES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023 3. FIX￿ as¥ets The Charlty acquir&Y Depaul House from Depaul UK during 2014 at the valuation of £150,000. The Charity enlered into a Loan Agreement wrth Depaul UK and the loan of £150,000 is scheduled lo be repaid over 30 years with inlei8s1 thargeabk at 2% above Base Rate. The loan 15 secured by Depaul on the propety. The Charity recetved a capital grant from HE for the refurbishment of Depaul House. The proje¢t was completed in April 2015 and a totsl of £630.316 was ¢aprtalised on the renovation and accountèd for in the Statement of Financial Posttion. A ftjrther capital grant for £312k was awardèd by HE in 2020 to ￿￿trIbute towards the refurbishmènt project at Manchester Safestop, completed in November 2020. A totsl 01 £690k was capitalised and £378k was furmleil by a grant from Dèpaul UK. During 2023. The Charty recewed caprtal grants trom HE for the purd)ase of 6 properties in Middlesbrough. Grants totalling £167K We￿ received towards the purchase of 4 flats under the Rough Sleeping Accommodation Programme IRSAPI and 3 further £37K of gfants were received towards the purchase of 2 flats underthe Single HOMe￿sS Accommodation Pfogramme ISHAP). Flxture8 and Fittings £'ooo Land £'ooo Buildings £'ooo Total £'ooo Cost At 1 January 2023 Additions 75 1A15 424 12 f,S02 424 At 31 D•e•mber 2023 75 1.839 12 1,926 Dèprè¢iation Al 1 January 2023 Charge in yèai At 310ècember 2023 12801 {63 1343) 112) {292) 1631 13551 1121 Not Book Valu• At 31 December 2023 75 1.496 1.135 1,571 1,210 At 31 December 2022 75 2023 2022 £'ooo Social Housing Grant Total accumulated SHG rec￿atile al 31 0￿mb Ca￿tal Grants 1.156 9S2

DocuSKJn Enknpe ID." 6C7186CA-84E947J4-8BW6B&471AD DEPAUL HOUSING SERVtCES NOTES TO THE FINANCIAL STATEMENTS FQR THE YEAR TO 31 DECEMBER 2023 3. Flxgd assgts Iconllnuedl 2023 rooo 2022 £'ooo Expenditure on works to èxistin9 propw￿•S Components ca&¥tsIis￿. Amount charged to Ir￿ome expenditwe acujunt 2023 rooo 2022 Housing properties book value nel of d•preciation comprise= Fr￿hold land and buildir¥J 1.571 1.210 4. Units managed by ageneles At the end of the year. the Charity had 215 units 12022.. 128) that were managed on its beha￿, by agen¢ies. All units relate to the prowsion of supported housing. ￿ere the agency carries the financial risk, the Charity's incotne and expen¢Jiiure a(tounl induded onty the In￿Me and expendrfcure for which it retains responsibilty. During the year, the ChaFity acquiied srx Sing￿-￿nit properts in Middlesbfough. wh￿h a￿ managed by Depaul UKto delivei supported IKsusing serwcesfor rough sleeper5 and single homeless individuals. The Charrty also devek)ped a new partnership with SSG (Stop Start Gol for Iwo hostel premises with a lolal of 73 units to wovKle attommodation and support lo young homeless people in the Manchester area. Unlts at lJan23 Acquired in year DÉsposed In year Unitsat 310ec23 Units owned Depaul UK 14 14 20 20 Leased unit5 managed by agend¢s Dèpaul UK Emerging Futures CIC C8ritas SSG 70 24 li 131 78 24 20 73 195 73 {31 Total units 128 90 131 215

tK¢u&gn ÉnvdorÈ ID" 6C71B6CK84Eg423MB4&F68&471AD DEPAUL HOUSING SERVICES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023 5. Debtors: amounts falling due wlthln on• 20rJ 2022 £'ooo Trade debtors Prepayments Accrued income Amount5 0￿Ed by parent crxnpany 13 14 233 2SS 6. Crèdltors: amounts falling due **lthln one year 2023 2022 £'ooo Trade creditor5 Expenditure accrual$ Déferred c3pitsI grant Other creditors Amounts due to parent company 25 41 40 22 26 158 2S4 7. Creditorn: amounts falling due after one year 2023 £'ooo 2022 £'ooo Loan from Oepaul UK Due in 1 -2 years Due in 2- 5 years Du8 in > 5 years 14 13 99 112 2023 2022 £'ooo Deferred capitsl grant (note 81 To be rethsed in 1- 2 yea(s To be rethsed in 2- 5 years To te released In > 5 years 96 560 696 712 856 Totsl 812

DEPAUL HOUSING SERVICES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023 8. D•forr•d ¢apltal grant 2023 2022 £'ooo 776 Al l January (notes 6 arKI 7) Grant received in year Released to income in the year At 31 December (notes 6 and 7) 736 736 g. Provlslons here the Charity has entered into a lease agreement, require8 partiujlar wor to be carried out before returning the property, a dilapidations provision has been included and wll build up over the lease tèm. The total 2023 provision of £25k12022'. £11 kl relates to three properties,. £3k for a propety In Manchester and £21 k and £1k lor wOpert￿5 in Land￿. 2023 2022 DilarAJations provision 11 10. R•lat•d Partl68 The Trustees of the Ch8rty do not receive any reMune￿on or beneffts In klnd. No Trustee recelved reimbursement for expenses in 2023 {2022'. Iwo Trustees reimbutsed for £2591. Depaul UK. in¢orporat8d in th8 UK, 18 thè p¥enl company of the Charity and a part of Depaul Inlematjonal lincorporaled in the UK) - the ulb'mate parent entty. The financial statements of Depaul Inlemalional can be oblained from &10 Grosvenor Gardens, London. SW1 W ODH. The transactions owed by the Chanty lo Depaul UK consigt of £12k {2022.. £12kl for management costs, £3k12022' £3kl for loan interest £718k12022.' £82k) for payments that DPUK paid on behalf of the Charity. which includes £424k12022'. nil) for thg purthase of the six properties in Middlesbrough. The Charity received revenue grants lotslling £14k {2022.' nil) for the Middlesbrou9h Homelessness projects which were tran¥ferTed lo Depaul UK are markaging the propcts. The amounts owed lo the Charity by Depaul UK ¢￿S13t of £642k12022'. £310kl for rental income and £13k {2022.' £12k) dilaphlathins Techarge on properties that a￿ ￿38ed by the Charity lo Depaul UK. The amounts owed at year end betsen the Charity and Depaul UK are disclosed In notes S 10 7. 11. Oporatlng surplus The operating surplus is sL*d after charging: 2023 2022 £000 Audltofs v•muneratlon Audit services Depreclatlon: HousFrrfJ prwbe5 63 65 25

Dtrxsvjn En4%h)pe ID". 6C7186CA-84W234-BB46468BA71ADB69 DEPAUL HOUSING SERVICES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023 12. Anatysis of expenditurp= 2023 Unrestricteil Support•d Housing 2023 Restrl¢ted Supportod Hcusing 2023 Total Supptytsd Hou$lng rooo 2022 Total Supported Housing Operating Exponditur• Managornent Deprecia11￿ of ho￿n9 pror L88S8 cos Other costs Opwatlng •xp•ndlturo 12 12 63 712 27 814 12 63 327 27 429 21 712 21 Inler8St 13. Employees The Charity does not diredy employ any staff. The parent company. Depaul UK, makes managgmenl char9es for the Charty's use of its staff lime. 14. Key management personnel As the Charity dKI not have any employees during the year and trustees are not remuneratad, key man3gernÈnl personnel remuneralion is nil. Key management personnel are remunerated by the parent company. Depaul UK, and details of these emoluments are set Otrt in rts Finanaal Ststements. 1S. Restrictsd funds Rp5triLted funijs represeni funds that havè Daen donatwj kn speth purwjse. Manchest8r Safestop xpfvrbi5hment Funds don*e(I specfficalty frjr the TÈfurt)ishment of the Manchester Safeslop property at 69 Paktine Road. The Restricted Funds balance of £312K12022.' £333K) all retate to this PToierA. 2G

OwUs￿3￿ Envdope ID." 6C71B6CM4E94fJ￿64￿6eAT1At)869 DEPAUL HOUSING SERWCES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2023 16. Operntlng le¥se ¢t)mmrtin¢nts At 31 December 2023, the company had commitments lo make fvIU￿ minirnum lease payments under non-cancellabk operating leases as fdb•ts.' 2023 2022 Not later th8n 1 year Later than 1 year arKI not later than 5 years Later than 5 year5 364 195 271 1.259 707 17. Post balan¢e Jh¢et events In 2024, the Charity purchased three further properties for the Middlesbrough Single Homelessness Accommodation Plogramme. The Pltrchase pr￿5 8mOLthled lo £t97k and are partially funded by a (8prtal grant from H(Ames England. Funding amcyjnting to £125k was received by April 2024.