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← Homeless Action In Barnet

2025-03-31-accounts

Homeless Action in Barnet

Trustees Annual Report and Unaudited Financial Statements Year ended 31 March 2025

Charity registation - 1155559

Year ended 31 March 2025

Homeless Action in Barnet Annual report and fi nancial statements

Contents

Legal and administrative information 4
Chair’s introduction 5
Trustees annual report 6
Objects and activities 6
Achievements and performance 7
Plans for Future 8
Structure, governance & management 8
Financial review 9
Statement of Board of Trustees’ responsibilities 9
Independent examiner’s report 11
Statement of f nancial activities 13
Balance sheet 14
Statement of cash f ows 15
Notes to the f nancial statements 16

Charity number 1155559

3

Homeless Action in Barnet Annual report and fi nancial statements

Year ended 31 March 2025

Legal and administrative information

Charity name

Homeless Action in Barnet

Charity registration no.

1155559

Registered offi ce and contact details

36b Woodhouse Road London N12 0RG

Trustees

John Bier ` Chair Stuart Slater Deputy Chair Marian Cohen Secretary Yeong Min Choy (resigned January 2025) Clare King Jane Myers Sameer Pabari Josh Tapper Simon Rubinsohn Darren Haringman Deborah Salman (appointed September 2024) Chief Executive Joe Lee until July 2024 from October 2024

Joe Lee Ben Tovey

Bank

CAF Bank Limited Kings Hill West Malling Kent ME19 4TA

Lloyds Bank plc 841 High Road North Finchley London N12 8PX

Independent examiner

Chartswood Accounting Solutions Limited 13 Arm & Sword Lane Old Hatfi eld Hertfordshire AL9 5EH

Charity number 1155559

4

Year ended 31 March 2025

Homeless Action in Barnet Annual report and fi nancial statements

Chair’s introduction

The year 2024-25 was overshadowed by the sad loss of our long serving CEO Joe Lee in November 2024. Although Joe had been unwell for a little while his illness and death came as a great shock to all at HAB. For 25 years as CEO – Joe was a champion for our charity and voice of support for people experiencing homelessness in our Borough. Many people from across the voluntary sector and from Barnet attended his memorial in January 2025 and paid tribute to his contribution not just to HAB but to the voluntary sector within the Borough. Joe is missed and we pay full respect to Joe’s contribution in establishing HAB as the strong charity it is today.

With Joe’s departure we have a new beginning with the appointment of Ben Tovey as our new CEO. Ben brings over 20 years experience within the sector and is already proving to be a great asset to HAB – to the clients, the staff team and to the Board. Welcome Ben!

Our other services at the Centre and in the projects continue to support several hundred people a year. The needs have grown – not least with the cost-of-living crisis – and rough sleeping levels in Barnet and across London continue to rise. Our expanded project work continues – at the Golders Green Project, the Mill Hill House, Somewhere Safe to Stay HUB and the Women’s House. We continue to support over 50 people in temporary accommodation - assisting people in their move-on journey from ‘the street’ to safe accommodation. The Night Shelter was a great success in 2024-25 season supporting nearly 70 individuals and with an incredible 34 people being helped to fi nd accommodation from rough sleeping. A tremendous effort from all of the team at HAB. However as noted in previous years - the problem for ‘move on’ from the projects remains – there is too little accommodation for rent at prices people in average salaries can afford.

Our relationship with partner organisations such as Civitas and Encircle Housing continues successfully; and our relationship with Barnet Homes, Barnet Council, the ICB (Integrated care Board -was CCG) and Public Health continues to be positive. Once again, I would like to thank all those organisations and individuals who continue to support our work. Some through fi nancial grant or donation – like Barnet Council, BKL Accountancy, Finchley Reform Synagogue; others through steady donations of food and supplies – e.g. Felix Project, Greggs, Costco, Nando’s and others. We are grateful for the support given to our appeals and fundraising events – this last year saw excellent amounts raised at our Halloween Quiz; through our Winter Appeal and with our ‘Walk in their Shoes’ fundraising linked closely to the Nightshelter network of venues and supporters. This has all contributed to our income exceeding £500,000.

I noted last year that with successful growth in our turnover there comes some fundraising challenges. One challenge is that many funding bodies have a ‘cut off’ point of only supporting charities with a turnover under £500k. I am pleased to report that HAB has met this challenge through the efforts of our Fundraising Committee and signifi cantly with increased success with funding bids led by fundraising specialist Dave Redfern. We hope and aim for this to continue through 2025. Around 45% of our funding continues to be linked to grants and longer-term contracts; meaning over half of our income is dependent upon shorter term funding applications, donations and fundraising activity. So community support for our fundraising remains vital – thank you!

Signifi cant problems remain and demand for HAB services is high. The general rise in the cost of living; the increases in rents within a market with insuffi cient affordable or social housing; and the pressure upon core services (such as Mental Health provision) presents a ‘perfect storm’ of pressure upon many in our Community. There is simply insuffi cient housing at rents that people can afford – both social and private rented. Our projects rely on funding through the benefi ts system – excluding those with No Recourse to Public Funds (NRPF) – and this can mean signifi cant challenges in helping people to ‘move on’. However we do not lose hope at HAB and in these challenging times – HAB continues to be a source of hope, help and a pathway to change.

I want to congratulate our staff team who managed so well in a diffi cult year of losing our dear Joe Lee; but also welcome the new leadership of Ben Tovey as CEO who has already made an impact at HAB. My thanks also to Board members and the other dedicated volunteers that help support HAB. I continue to be both humbled by the work people at HAB do and proud to be Chair of such an important Charity.

JOHN BIER

CHAIR OF TRUSTEE BOARD

Charity number 1155559

5

Homeless Action in Barnet Annual report and fi nancial statements

Year ended 31 March 2025

Trustees annual report

The Board of Trustees submit their annual report and the fi nancial statements of Homeless Action in Barnet (HAB) for the year ended 31 March 2025.

The Board of Trustees confi rms that the annual report and fi nancial statements of the Charity comply with current statutory requirements, including the Charity Act 2011, as well as the requirements of the Charity’s governing document and the provisions of the ‘Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and other relevant legislation.

Objects and activities

HAB’s Objects

To further such charitable purposes (charitable under the law of England and Wales) as the trustees see fi t in particular but not limited to:

The Trustees confi rm that they have given due regard to the public benefi t guidance published by the Charity Commission in line with section 4 of the Charities Act 2006.

Activities

We opened our doors in 1997. Today we provide support for some of Barnet’s most vulnerable people. Our clients receive food and a hot shower, access to fresh clothes along with support to help overcome barriers to housing and Independence. People can access services such as GP, Chiropody, Dentistry, DWP, Local Authority Housing Team, Employment, Immigration, Mental Health & Substance Misuse services.

We provide access to Hostels, Social and Private Housing and support clients to maintain their tenancy through a support plan tailored to the individual’s needs. We also provide Emergency Night Shelter accommodation to those ineligible for alternative accommodation.

Our approach

We are proud of the fact that we are a place of change.

We don’t look at housing in isolation but work with people to achieve the change they have identifi ed they need to make in life. Our Teams work with clients at each stage along a Pathway from Street Homelessness to Independent Living.

We recognise the complexity of Individuals and tailor our support to their unique needs. We help people to navigate systems and foster collaboration within our community that leads to greater understanding, engagement and positive outcomes.

Charity number 1155559

6

Year ended 31 March 2025

Homeless Action in Barnet Annual report and fi nancial statements

Vision and mission

Our vision is a society where all people have a safe space to call home.

Our mission is to work with people in need to help break the cycle of homelessness; help people achieve dignity and express themselves as fully independent members of society.

Our purpose is to seek justice and dignity for all, and make a positive difference to the lives of single people with housing need in Barnet.

HAB values

• We are committed to providing a service that refl ects and meets the diverse needs of our clients, staff and other stakeholders.

Achievements and performance

How HAB Helps

We are a place of change; At our Day Centre we provided support to over 700 men and women who found themselves living on the streets, we provided Hostel places and support to over 100 people at two dedicated sites. Our Winter Night Shelter operated over 166 Nights utilising over 200 volunteers and providing 2,156 Bed Spaces. We Found Accommodation for over 250 people including 34 from our Night Shelter.

Case Study 1

54 year old, homeless as a result of family breakdown, domestic violence and PTSD. His autistic teenage son was violent and services had not intervened to support the family. The mother had left previously and the man lived on in private rented accommodation caring for his son who frequently attacked him. The man was diagnosed with stress and PTSD, signed off sick from his job and was unable to pay the rent leading to eviction.

HAB supported the man to claim benefi ts as his statutory sick pay ran out. HAB arranged a property through a private provider. We arranged tenancy support for an initial period. We provided him with a starter pack of food, bedding and kitchenware.

Case Study 2

32 year old man with a challenging family history presented to us as homeless again and sleeping in a tent. His behaviour at the centre and on the phone was challenging and we manage his risks while keeping clients and staff feeling safe. HAB staff worked with a mental health nurse practitioner at his surgery we gathered documents to present to Barnet Homes who allocated him temporary accommodation and subsequently Private Rented Accommodation which we have provided ongoing support for. This outcome relied on the proactive, positive relationships HAB nurtures with other agencies ensuring good communication in the best interests of the client.

Charity number 1155559

7

Homeless Action in Barnet Annual report and fi nancial statements

Year ended 31 March 2025

Plans for Future

Vision

To ensure that every person experiencing or at risk of homelessness in Barnet has access to high-quality support, pathways to stable housing, and opportunities to thrive.

Mission

To deliver compassionate, expert, and impactful services that prevent homelessness, support recovery, and strengthen community resilience through partnership, advocacy, and innovation.

HAB’S new 5 year Strategy Document will be published in February 2026.

Structure, governance & management

Homeless Action in Barnet is a registered charity constituted as a charitable incorporated organisation under its consitution dated 30 January 2014. The charity registration number is 1155559 (England and Wales).

Membership of HAB

HAB has a current membership of 15 full members who were the original subscribers to the Memorandum of Association.

Membership falls into two categories:

Membership is open to individuals and organisations that support the aims and objectives of HAB. Full members have voting rights and are entitled to vote at general meetings and in the appointment of trustees. They can also be appointed as trustees.

Associate members can attend general meetings, but they have no voting rights and cannot be appointed as trustees.

Trustees

The trustees of the charity are ultimately responsible for HAB. Trustees are elected by the membership at the Annual General Meeting. They set the strategic direction and objectives of the organisation, agree the budget and are responsible for the overall management of the charity. Trustees meet approximately six times per year and minutes of these meetings are made available to all members.

None of the trustees received any remuneration or other fi nancial benefi t for their services during the current year. All trustees have confi rmed that they do not have, and have not had, any benefi cial interest in any contract with the charity.

The HAB Trustee Board is supported by 4 Board Committees. The Governance Committee ensures the Board is effective and compliant. The Finance & Risk Committee is tasked with overseeing a best practice fi nancial management framework. The HR Committee is tasked with overseeing a best-practice HR strategy. The Fundraising and Social Media Committee oversees HAB’s Fundraising activities as well as our presence on Social Media.

Trustee Induction and Training

On their appointment, new Trustees are provided with information, in the form of an induction pack, on their role as a Trustee. Ongoing training is provided as required.

Charity number 1155559

8

Year ended 31 March 2025

Homeless Action in Barnet Annual report and fi nancial statements

Risk management

The Trustee Board has overall accountability for Risk Management. This includes the process of identifying, assessing and managing risks. The Finance & Risk Committee has specifi c responsibility for oversight of this Risk Management Policy and The Risk Register. Oversight is conducted by ensuring the attainment of appropriate quality standards by agreeing outcomes with the CEO. The Finance & Risk Committee coordinates with other Committees to ensure other Committees exercise oversight over risks relevant to their remit. The CEO is responsible for managing risk on a day to day basis.

As part of the Trustee Board’s Risk Management Framework, the Board maintains and reviews a Risk Register of the principal risks faced by the Charity. For several years, the top risk recognised by HAB was succession planning, and specifi cally the eventual hand-over from founding CEO Joe Lee to a new role holder. It is with great sadness that HAB needed to put the risk management plan into place sooner than expected and with greater urgency. Joe was hospitalised due to a long-standing condition in August and sadly passed away in November.

The Board’s succession planning group had been preparing for this and other eventualities for more than a year. The Board authorised the search for an interim CEO in September. The Chair and Deputy Chair appointed Ben Tovey to the position in October, and HAB is very fortunate to have found such an excellent fi t in Ben. In consultation with the Finance and Risk Committee, Ben brought in additional expert resource to support HAB in remapping it’s fi nancial and operational workfl ows. By the end of fi nancial year 2024 2025, this resulted in HAB having a new executive responsible for all core processes, a clearer understanding of current strengths and weaknesses, and a prioritised action plan for improving HAB’s effectiveness and resilience. The top items on the current risk register include upgrading HAB’s digital infrastructure to support governance and further reducing key person risk by broad staff training on the new digital infrastructure.

Financial review

During the current fi nancial year the Charity incurred a defi cit of £31,852 (2024: surplus of £7,011) in the year. This resulted in total reserves decreasing in the year to £406,328 (2023: £438,180).

The Trustees are satisfi ed with the fi nancial performance of the Charity throughout the year.

Of the total reserves held at year end £393,275 (2024: £414,419) were unrestricted as to use, although only £313,275 (2024: £334,419) was available as general funds as a result of designations made by the trustees as outlined in note 11 of the fi nancial statements. Free reserves held within general reserves are £223,319 (2024: £260,259).

Reserves policy

The Trustees have set a reserves policy that the Charity should hold a minimum unrestricted general reserve equivalent between six and twelve months salary and overhead expenditure - approximately £224,000 to £449,000. The current level of £313,275 is safely within this level.

Statement of Board of Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ Annual Report and the fi nancial statements in accordance with applicable law and regulations. Charity law requires the Trustees to prepare fi nancial statements for each fi nancial year. Under that law they are required to prepare the fi nancial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Under charity law the Trustees must not approve the fi nancial statements unless they are satisfi ed that they give a true and fair view of the state of affairs of the Charity and of the excess of income over expenditure for that period. In preparing these fi nancial statements, the Trustees are required to:

Charity number 1155559

9

Homeless Action in Barnet Annual report and fi nancial statements

Year ended 31 March 2025

The Trustees are responsible for keeping adequate accounting records that are suffi cient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the fi nancial position of the Charity and enable them to ensure that the fi nancial statements comply with the Charities Act 2011. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Charity and to prevent and detect fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the fi nancial and other relevant information included on the Charity’s website. Legislation in the UK governing the preparation and dissemination of fi nancial statements may differ from legislation in other jurisdictions. In addition, the Trustees confi rm that they are happy that content of the annual review in pages 3 to 12 of this document meet the requirements of the Trustees’ Annual Report under charity law.

They also confi rm that the fi nancial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1 January 2019).

This report was approved and authorised for issue by the Board of Trustees on 26 January 2026 and signed on its behalf by:

JOHN BIER CHAIR OF TRUSTEE BOARD

Charity number 1155559

10

Year ended 31 March 2025

Homeless Action in Barnet Annual report and fi nancial statements

Independent examiner’s report

I report to the Trustees on my examination of the accounts of Homeless Action in Barnet (charity number 1155559) for the year ended 31 March 2025 which are set out on pages 13 to 27.

Respective responsibilities of trustees and examiner

The charitable incorporated organisation’s (CIO) trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Charities Act). The CIO’s trustees consider that an audit is not required for this year under section 144 of the Charities Act and that an independent examination is needed.

It is my responsibility to:

This report, including my statement, has been prepared for and only for the CIO’s trustees as a body. My work has been undertaken so that I might state to the CIO’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the CIO and the CIO’s trustees as a body for my examination work, for this report, or for the statements I have made.

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the CIO and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

Since the CIO’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confi rm that I am qualifi ed to undertake the examination because I am a member of the Institute of Chartered Accountants in England & Wales, which is one of the listed bodies.

I have completed my examination. I confi rm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2011 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

Charity number 1155559

11

Homeless Action in Barnet Annual report and fi nancial statements

Year ended 31 March 2025

I have no concerns and have come across no other matters 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.

Sanjay Parekh FCA

SANJAY PAREKH �FCA� CHARTSWOOD ACCOUNTING SOLUTIONS LIMITED

DATED: 26 JANUARY 2026

13 Arm & Sword Lane Old Hatfi eld Hertfordshire AL9 5EH

Charity number 1155559

12

Year ended 31 March 2025

Homeless Action in Barnet Annual report and fi nancial statements

For the year ended 31 March 2025

Notes
Income from
Donations and legacies
3
Charitable activities
4
Investments
Other income
16
Total income
Expenditure on
Fundraising costs
5
Charitable activities
5
Total expenditure
Net
gains/(losses)
on
investments
8
Net income/(expenditure)
Transfers between fund
Net movement in funds
Reconciliation of funds
Total funds brought forward
11 & 12
Total funds carried forward
11 & 12		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
Year ended
Year ended
Year ended
Year ended
31 Mar 2025
31 Mar 2025
31 Mar 2025
31 Mar 2024
£
£
£
£
112,897
28,590
141,487
123,840
332,858
24,795
357,653
389,931
327
-
327
739
368
31,200
31,568
75
446,450
84,585
531,035
514,585
21,446
-
21,446
-
449,728
95,293
545,021
522,595
471,174
95,293
566,467
522,595
3,580
-
3,580
15,021
(21,144)
(10,708)
(31,852)
7,011
-
-
-
-
(21,144)
(10,708)
(31,852)
7,011
414,419
23,761
438,180
431,169
393,275
13,053
406,328
438,180

The notes on pages 16 to 27 form part of the fi nancial statements.

All the above results arise from continuing activities.

There were no other recognised gains or losses other than those stated above.

Charity number 1155559

13

Homeless Action in Barnet Annual report and fi nancial statements

Year ended 31 March 2025

Balance sheet

As at 31 March 2025

Notes
Fixed assets
Tangible assets
7
Investments
8
Current assets
Debtors and prepayments
9
Cash at bank and in hand
Creditors:
Amounts falling due within
one year
10
Net current assets
Net assets
Funds of the charity
Restricted funds
11 & 12
Unrestricted funds
Designated funds
11 & 12
General funds
11 & 12
Unrestricted funds
Total funds		 £
196,014
230,919
426,933
(110,561)
80,000
313,275		 Total
funds
31 Mar 2025
£
3,162
86,794
89,956



316,372
406,328
13,053


393,275
406,328		 £



109,621
276,040
385,661
(21,641)



80,000
334,419

 Total
funds
31 Mar 2024
£
632
73,528
74,160



364,020
438,180
23,761


414,419
438,180

The notes on pages 16 to 27 form part of the fi nancial statements.

These fi nancial statements were approved and authorised for issue by the Board of Trustees on 26 January 2026 and signed on their behalf by:

JOHN BIER CHAIR OF TRUSTEE BOARD

Charity number 1155559

14

Year ended 31 March 2025

Homeless Action in Barnet Annual report and fi nancial statements

For year ended 31 March 2025

Cash f ows from operating activities
Net income/(expenditure) for period (as
per SOFA)
Adjustments for:
Depreciation charges
Investment income received
Net (gains)/losses on investments
(Increase)/decrease
in
accounts
receivable
(Increase)/decrease in accrued income
(Increase)/decrease in prepayments
Increase/(decrease)
in
accounts
payables
Increase/(decrease) in accruals
Increase/(decrease) in payroll liabilities
Increase/(decrease) in deferred revenue
Net cash f ows from operating activities
Cash f ows from investing activities
Investment income received
Purchase of tangible f xed assets
Purchase of investments
Sale of investments
Decrease/(increase) in cash held in portfolio
Net cash f ows from investing activities
Change in cash and cash equivalents in
period
Cash at bank and in hand brought forward
Cash at bank and in hand carried forward		 £

605
(307)
(3,580)

(32,141)
(54,026)
(226)

10,411
11,372
471
66,666
307
(3,135)
(85,262)
75,752
(176)
 Total
funds
31 Mar 2025
£
(31,852)





(755)
(32,607)


(12,514)
(45,121)
276,040
230,919		 £
991
(739)
(15,021)
(417)
(1,686)
213
(2,326)
5,232
837
-
739
-
-
139

 Total
funds
31 Mar 2024
£
7,011





(12,916)
(5,905)




878
(5,027)
281,067
276,040

The notes on pages 16 to 27 form part of the fi nancial statements.

Charity number 1155559

15

Homeless Action in Barnet Annual report and fi nancial statements

Year ended 31 March 2025

1. Accounting policies

Basis of preparation of the fi nancial statements

The fi nancial statements have been prepared in accordance with ‘Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), including Update Bulletin 2, and relevant charities law.

The effect of any event relating to the year ended 31 March 2025, which occurred before the date of approval of the fi nancial statements by the Board of Trustees has been included in the fi nancial statements to the extent required to show a true and fair view of the state of affairs at 31 March 2025 and the results for the year ended on that date.

The functional currency of the Charity is sterling and amounts in the fi nancial statements are rounded to the nearest pound.

The signifi cant accounting policies applied in the preparation of these fi nancial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

The fi nancial statements have been prepared on the going concern basis as the Board of Trustees is confi dent that future reserves and future income is more than suffi cient to meet current commitments. There are no material uncertainties that impact this assessment, and the ongoing economic environment has had no material impact on this assessment.

Legal status

Homeless Action in Barnet is a charitable incorporated organisation registered in England & Wales and meets the defi nition of a public benefi t entity. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member. The registered address is 36b Woodhouse Road, London, N12 0RG.

Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds are unrestricted funds which have been designated for a specifi c purpose by the Trustees. The aim and use of each designated fund is set out in note 11 of the fi nancial statements.

Restricted funds are funds that are to be used in accordance with specifi c restrictions imposed by donors or that have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specifi c fund. The aim and use of each restricted fund is set out in note 11 of the fi nancial statements.

Income

Income is recognised when the Charity has entitlement to the funds, any performance indicators attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantifi ed with reasonable accuracy. Gift aid receivable is included when claimable.

Charity number 1155559

16

Year ended 31 March 2025

Homeless Action in Barnet Annual report and fi nancial statements

1. Accounting policies (continued from previous page)

Income (continued from previous page)

Grant income is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless the grant relates to a future period, in which case it is deferred.

Income from charitable activities and other trading income, including contract income and housing benefi t, is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless it relates to a specifi c future period or event, in which case it is deferred.

Interest is recorded when it is receivable.

Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at the period end.

Expenditure and irrecoverable VAT

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.

Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated proportionate to total direct costs allocated to each project area, as outlined in note 5 of the fi nancial statements.

Irrecoverable VAT is charged against the category of expenditure for which it was incurred.

Tangible fi xed assets and depreciation

All assets costing more than £500 are capitalised unless funded by restricted grants.

Tangible fi xed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fi xed assets, less their residual value, over their useful life, on the following basis:

Day centre equipment 5 years

Freehold property is not depreciated.

Taxation

As a registered charity income and gains are exempt from Corporation Tax to the extent that they are applied to the charitable objectives.

Cash at bank and in hand

Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values but are not held for investment purposes.

Debtors and prepayments

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

Creditors and accruals

Creditors are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably.

Charity number 1155559

17

Homeless Action in Barnet Annual report and fi nancial statements

Year ended 31 March 2025

1. Accounting policies (continued from previous page)

Critical estimates and judgements

In preparing fi nancial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the fi nancial statements. The annual depreciation charge for tangible fi xed assets is sensitive to changes in useful economic lives and residual values of assets. In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a signifi cant effect on the amounts recognised in the fi nancial statements nor do any estimates or assumptions made carry a signifi cant risk of material adjustment in the next fi nancial year.

Investments

Investments are initially measured at their cost and subsequently measured at their fair value at each reporting date, which gives rise to unrealised gains/losses at the end of the fi nancial period which is refl ected in the SOFA. Realised gains/losses are calculated as the difference between the sales proceeds and the opening carrying value or the purchase price if acquired during the fi nancial period. Partial disposals are accounted for using the average value. Fair value is based on the quoted price at the balance sheet date without deduction of estimated future selling costs.

Financial instruments

Basic fi nancial instruments are measured at amortised cost other than investments which are measured at fair value.

Pensions

The Charity operates a defi ned contribution pension scheme which is administered by an external independent pension provider. Contributions are recognised in the Statement of Financial Activities as they fall due.

Charity number 1155559

18

Year ended 31 March 2025

Homeless Action in Barnet Annual report and fi nancial statements

  1. Comparative statement of f nancial activities
Notes
Income from
Donations and legacies
3
Charitable activities
4
Investments
Other income
Total income
Expenditure on
Charitable activities
5
Total expenditure
Net
gains/(losses)
on
investments
8
Net income/(expenditure)
Transfers between fund
Net movement in funds
Reconciliation of funds
Total funds brought forward
11 & 12
Total funds carried forward
11 & 12		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2024
31 Mar 2024
31 Mar 2024
£
£
£
97,840
26,000
123,840
356,871
33,060
389,931
739
-
739
75
-
75
455,525
59,060
514,585
428,546
94,049
522,595
428,546
94,049
522,595
15,021
-
15,021
42,000
(34,989)
7,011
-
-
-
42,000
(34,989)
7,011
372,419
58,750
431,169
414,419
23,761
438,180

Charity number 1155559

19

Homeless Action in Barnet Annual report and fi nancial statements

Year ended 31 March 2025

3. Income from donations and legacies

Grants
Donations
Grants
Donations		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2025
31 Mar 2025
31 Mar 2025
£
£
£
40,403
25,000
65,403
72,494
3,590
76,084
112,897
28,590
141,487
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2024
31 Mar 2024
31 Mar 2024
£
£
£
1,770
26,000
27,770
96,070
-
96,070
97,840
26,000
123,840

4. Income from charitable activities

Contracts
Housing benef t
Contracts
Other support
Housing benef t		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2025
31 Mar 2025
31 Mar 2025
£
£
£
248,656
24,795
273,451
84,202
-
84,202
332,858
24,795
357,653
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2024
31 Mar 2024
31 Mar 2024
£
£
£
239,944
33,060
273,004
39,615
-
39,615
77,312
-
77,312
356,871
33,060
389,931

Charity number 1155559

20

Year ended 31 March 2025

Homeless Action in Barnet Annual report and fi nancial statements

  1. Total expenditure
Fundraising costs including consultant
Charitable activity costs
Salaries
Temporary and agency staff
Day centre costs
Move on costs
Management and support
costs
Depreciation
Trustee expenses
Independent examination
Total charitable activity costs
Total expenditure
Salaries
Temporary and agency staff
Day centre costs
Move on costs
Management and support
costs
Depreciation
Independent examination		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2025
31 Mar 2025
31 Mar 2025
£
£
£
21,446
-
21,446
276,311
79,614
355,925
12,658
9,724
22,382
14,696
5,824
20,520
71,553
-
71,553
70,689
131
70,820
605
-
605
516
-
516
2,700
-
2,700
449,728
95,293
545,021
471,174
95,293
566,467
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2024
31 Mar 2024
31 Mar 2024
£
£
£
292,054
56,343
348,397
-
11,472
11,472
10,420
4,750
15,170
66,371
12,484
78,855
56,610
9,000
65,610
991
-
991
2,100
-
2,100
428,546
94,049
522,595

An analysis of staff costs can be found in note 6.

Charity number 1155559

21

Homeless Action in Barnet Annual report and fi nancial statements

Year ended 31 March 2025

  1. Staff costs
Gross salaries
Employers NIC
Employers pension		 Total
Total
funds
funds
Year ended
Year ended
31 Mar 2025
31 Mar 2024
£
£
329,491
323,287
22,984
21,761
3,450
3,349
355,925
348,397

The average headcount during the period was 15 persons (2024: 15 persons).

No employees received employee benefi ts of above £60,000 (2024: Nil).

The total employee benefi ts paid to key management personnel during the year was £59,541 (2024: £44,341).

7. Tangible f xed assets

Cost
As at 1 April 2024
Additions in year
As at 31 March 2025
Accumulated depreciation
As at 1 April 2024
Charge in year
As at 31 March 2025
Net book value
As at 1 April 2024
As at 31 March 2025		 Computer
Day centre
Total
equipment
equipment
funds
£
£
-
4,954
4,954
798
2,337
3,135
798
7,291
8,089
-
4,322
4,322
13
592
605
13
4,914
4,927
-
632
632
785
2,377
3,162

Charity number 1155559

22

Year ended 31 March 2025

Homeless Action in Barnet Annual report and fi nancial statements

  1. Fixed asset investments
Analysis of market value of investments by investment type:
9. Debtors and prepayments
10. Creditors: amounts falling due within one year
Market value brought forward
Additions at cost
Disposals
Net gains/(losses) in period
Market value carried forward
Cash held as part of the investment portfolio
Total market value of investment portfolio carried forward
UK equities and funds
Cash and cash equivalents
Accounts receivable
Accrued income
Prepayments
Accounts payable
Accruals
HMRC payable
Pension payable
Deferred revenue		 Total
Total
funds
funds
31 Mar 2025
31 Mar 2024
£
£
73,525
58,504
85,262
-
(75,752)
-
3,580
15,021
86,615
73,525
179
3
86,794
73,528
Total
Total
funds
funds
31 Mar 2025
31 Mar 2024
£
£
86,615
73,525
179
3
86,794
73,528
Total
Total
funds
funds
31 Mar 2025
31 Mar 2024
£
£
135,467
103,326
55,712
1,686
4,835
4,609
196,014
109,621
Total
Total
funds
funds
31 Mar 2025
31 Mar 2024
£
£
13,855
3,444
22,393
11,021
6,798
6,572
849
604
66,666
-
110,561
21,641

Charity number 1155559

23

Homeless Action in Barnet Annual report and fi nancial statements

Year ended 31 March 2025

11. Analysis of charity funds

Unrestricted funds
Designated funds
Redundancy
fund
Repairs
Total designated
funds
General funds
Total
unrestricted
funds
Restricted funds
Age UK
C o m m u n i t y
Innovation Fund
Eighth Rung
Streets of London
Sisters of the Holy
Cross
Together in Barnet
Total
restricted
funds		 Balance
Income
Expenditure
Net gains/
Transfers
Balance
brought
in
in
(losses) on
between
carried
forward
year
year
investments
funds
forward
Year ended
Year ended
Year ended
Year ended
Year ended
Year ended
31 Mar 2025
31 Mar 2025
31 Mar 2025
31 Mar 2025
31 Mar 2025
31 Mar 2025
£
£
£
£
£
£
20,000
-
-
-
-
20,000
60,000
-
-
-
-
60,000

80,000
-
-
-
-
80,000
334,419
446,450
(471,174)
3,580
-
313,275

414,419
446,450
(471,174)
3,580
-
393,275
-
5,000
(1,952)
-
-
3,048

8,761
10,000
(8,769)
-
-
9,992
-
24,795
(24,795)
-
-
-
15,000
-
(15,000)
-
-
-

-
5,000
(5,000)
-
-
-
-
39,790
(39,777)
-
-
13

23,761
84,585
(95,293)
-
-
13,053
438,180
531,035
(566,467)
3,580
-
406,328

Redundancy fund

These funds have been set aside by the trustees to meet any redundancy liabilities should the charity face closure.

Repairs fund

These funds have been set aside by the trustees to meet any ongoing repairs to the building.

Age UK

These were funds received to purchase essential items for clients aged 55 or over.

Community Innovation Fund & Streets of London

These were funds received to support specifi c roles within the organisation.

Sisters of the Holy Cross

These were funds received to support the provision of housing support services.

Charity number 1155559

24

Year ended 31 March 2025

Homeless Action in Barnet Annual report and fi nancial statements

11. Analysis of charity funds (continued from previous page)

Together in Barnet

These were funds received upon merging with Together in Barnet (note 16) and are restricted to support the night shelter activities.

Unrestricted funds
Designated funds
Redundancy
fund
Repairs
Total designated
funds
General funds
Total unrestricted
funds
Restricted funds
Barnet
Community Fund
Community
Innovation Fund
London
Community
Foundation
Eighth Rung
Streets of London
Total restricted
funds		 Balance
Income
Expenditure
Net gains/
Transfers
Balance
brought
in
in
(losses) on
between
carried
forward
year
year
investments
funds
forward
Year ended
Year ended
Year ended
Year ended
Year ended
Year ended
31 Mar 2024
31 Mar 2024
31 Mar 2024
31 Mar 2024
31 Mar 2024
31 Mar 2024
£
£
£
£
£
£
20,000
-
-
-
-
20,000
60,000
-
-
-
-
60,000

80,000
-
-
-
-
80,000
292,419
455,525
(428,546)
15,021
-
334,419
372,419
455,525
(428,546)
15,021
-
414,419
7,750
1,000
(8,750)
-
-
-
36,000
-
(27,239)
-
-
8,761
-
10,000
(10,000)
-
-
-
-
33,060
(33,060)
-
-
-
15,000
15,000
(15,000)
-
-
15,000
58,750
59,060
(94,049)
-
-
23,761
431,169
514,585
(522,595)
15,021
-
438,180

Barnet Community Fund

These were funds received to provide direct support to clients.

Charity number 1155559

25

Homeless Action in Barnet Annual report and fi nancial statements

Year ended 31 March 2025

12. Analysis of net assets

3. Analysis of net debt
Cash and cash equivalents
Cash at bank
Cash and cash equivalents
Cash at bank
Fixed assets
Current assets
Current liabilities
Fixed assets
Current assets
Current liabilities		 As at
1 Apr 2024
£
276,040
276,040
As at
1 Apr 2023
£
281,067
281,067		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2025
31 Mar 2025
31 Mar 2025
£
£
£
89,956
-
89,956
413,880
13,053
426,933
(110,561)
-
(110,561)
393,275
13,053
406,328
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2024
31 Mar 2024
31 Mar 2024
£
£
£
74,160
-
74,160
361,900
23,761
385,661
(21,641)
-
(21,641)
414,419
23,761
438,180
Cash
Other
As at
f ows
movements
31 Mar 2025
£
£
£

(45,121)
-
230,919

(45,121)
-
230,919
Cash
Other
As at
f ows
movements
31 Mar 2024
£
£
£

(5,027)
-
276,040

(5,027)
-
276,040
  1. Analysis of net debt

14. Trustee remuneration

During the year, no trustee received any remuneration (2024: £Nil). No members of the Board of Trustees received reimbursement of expenses (2024: £Nil).

15. Related party transactions

During the year there were no related party transactions (2024: £Nil).

Charity number 1155559

26

Year ended 31 March 2025

Homeless Action in Barnet Annual report and fi nancial statements

16. Mergers

In the year the charity completed the merger with Together in Barnet (charity number 1157192 and CIO number CE001981) and took on the remaining assets of cash of £31,200 after the charity was closed down at the Charity Commission and Companies House.

Charity number 1155559

27

HAI HOMELESS ACTION IN BARNET