Charity number Company registration number
1159143 8913368
The Halo Project
Trustees Report and Accounts
for the year ended 29th February 2024
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The Halo Project (A company limited by guarantee) Legal and administrative information
| Charity number | 1159143 |
|---|---|
| Company registration number | 8913368 |
| Registered office | 307A Vanguard Suite |
| Broadcasting House | |
| Gilkes Street | |
| Middlesborough | |
| TS1 5JA | |
| Trustees | Rachel Gray |
| Claire Preston | |
| Sara Mirsaheli | |
| Asma Shaffi | |
| Saima Hussain | |
| Secretary | Ian Reid |
| Accountants | Reid, Campbell & Co |
| Ardluing | |
| Kilmun | |
| Argyll PA23 83Y | |
| Bankers | Barclays Bank |
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The Halo Project
Trustees Report and Accounts for the year ending 29th February 2024
| Contents | Page |
|---|---|
| Trustees Report | 4-6 |
| Independent Examiners Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9-10 |
| Notes to the Accounts | 11-13 |
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The Halo Project
(A company limited by guarantee)
Report of the Trustees for the period 1st March 2023 to 29th February 2024
The Trustees present their report and the financial statements for the period ended 29th February 2024. The directors, who are also trustees of The Halo Project for the purposes of charity law and who served during the year and up to the date of this report are set out on page 1 of this report.
The accounts have been prepared in accordance with accounting policies set out in note 1 to the accounts and comply with the Charities Act 2011, the Charity Accounts Regulations and Directions 2008 , the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland 2019 (FRS102)
Structure, governance and management
Background
The Charity is a company limited by guarantee and was registered in England on 26th February 2014 . It is registered with the Charities Commission under Charity number 1159143.
The Trustees (who are also the directors for the purposes of Company Law,are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Trustees may be appointed to the Board if they are proposed by one of the existing Trustees and approved by the majority of the Trustees. None of the Trustees has any beneficial interest in the Company. All the Trustees are members of the company an guarantee to contribute £1 in the event of winding up.
Under the terms of the Articles of Association of the company, every director or other officer of the company shall be indemnified out of the assets of the company against any loss or liability which he or she must sustain in connection with the execution of the duties of his or her office.
Organisation
The board of Trustees administers the Charity. The board meets on a quarterly basis or as needed. There are currently 6 members of staff who report to the Board
Related parties
None of the Trustees receive any remuneration or benefit from their work with the Charity, nor do any contractual relationships exist with any related parties.
Risk Management
The directors have assessed the major risks to which the charity is exposed, and in particular those related to the operations and finances of the Charity, and are satisfied that systems are in place to mitigate any exposure to these risks.
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Reserves Policy
The reserves are maintained and distributed in line with the charity's objectives and also the Memorandum and Articles of Association. The policy of the Charity is to aim to retain sufficient reserves to meet the cost of at least 3 months overheads and any redundacy payments due to staff in the event of winding up.
Public Benefit
The Trustees are satisfied that the Charity complies with the duty to have regard to guidance on public benefit as published by the Charities Commission
Objectives and Activities
The Charity supports BAME women and families at risk of harm or abuse. The Objectives are:
Promoting the human rights of women through empowerment, education and specialist intervention programmes
Providing specialist accommodation and recovery programmes to enhance safety Providing trauma-informed recovery programmes Promoting economic independence, preventing abuse, building resilience
Acievements and Performance
This year has been both challenging and rewarding for Halo. We have seen a significant rise in the number and complexity of cases, which our small but dedicated team has worked tirelessly to address. Demand for our specialist BME refuge, Halo Homes in Middlesbrough, continues to far exceed capacity. Sadly, this means we are unable to support many women each week who seek refuge and assistance from across the country.
The ongoing rises in core costs, coupled with and unprecedented and unpredicted 9.8% cost of living wage increase, has placed additional strain on the Charity's finances. Despite these challenges, we have remained steadfast in supporting women with charitable grants for food and essential humanitarian needs.
Our team remains our greatest expense and most valuable asset. This year, we have further invested in their professional development and welfare, including increased access to clinical supervision. Despite handling almost double the usual caseload, their unwavering passion and dedication to the women and girls we support has been exemplary.
The ‘Sisters of Strength’ (SOS), our Halo survivors’ forum, continues to meet monthly, providing vital feedback that informs and enhances our trauma-informed service model. Their insights have strengthened our governance, shaped service delivery, and deepened our understanding of community needs.
We are deeply grateful to our funders, who have supported us with empathy and understanding through this challenging period, as well as to our Trustees, whose expertise and commitment remain an invaluable asset. Their guidance has strengthened our ability to adapt and evolve, ensuring we can respond to the growing needs of victims both locally and nationally.
Looking ahead, we remain resolutely committed to supporting women and girls in need, and will continue to grow and adapt in response to the challenges they face.
Financial Review
The Charity returned a reduced surplus of £724 (2023: £30,991) which would be used to strengthen Reserves.
Risk Policy
The Trustees have assessed the major risks to which the charity is exposed, and in particular those related to the operations and finances of the Charity, and are satisfied that systems are in place to mitigate any exposure to these risks.
Reserves Policy
The reserves are maintained and distributed in line with the charity's objectives and also the Memorandum and Articles of Association. The policy of the Charity is to aim to retain sufficient reserves to meet the cost of any regular commitments, as well as a contingency to enable it to continue to develop further projects.
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The Halo Project
(A company limited by guarantee)
Report of the directors (incorporating the Trustees' report) for the period 1st March 2023 to 29th February 2024
Statement of directors' responsibilities
The directors (who are also Trustees of The Halo Project Charity under charity law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the fiancial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure thaty the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment Act 2011, the Charities Accounts Regulations and Directions 2008. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small companies provisions
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
This report was approved by the Board on 18th November 2024 and signed on its behalf by
Claire Preston
Director and Trustee
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The Halo Project
(A company limited by guarantee) Independent Examiner’s Report to the Trustees of The Halo Project Charity
I report on the accounts of the charity for the period ended 29th February 2024
Respective responsibilities of Charity Trustees and examiner
The charity’s Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment Act 2005 and the Charities Accounts Regulations 2006.
The charity Trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2008 Accounts Regulations and Directions does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination is carried out in accordance with Regulation 11 of the 2008 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks 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 I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with Section 44(1) (a) of the 2011 Charities Act and Regulation 4 of the 2008 Accounts Regulations and Directions have not been met.
- which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
R Pooran
Name: Rickey Pooran Relevant Professional qualification/professional body: AAT Address: Reid, Campell & Co, Ardluing, Argyll PA23 8RY Date 18th November 2024
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The Halo Project (A company limited by guarantee)
Statement of Financial Activities (incorporating the income and expenditure account)
for the period 1st March 2023 to 29th February 2024
| Notes Donations and Legacies 3 3 3 Donations Total incoming resources Communication and IT Total funds carried forward Net incoming/(outgoing) resources for the year Total funds brought forward Total resources expended Interest payable and finance charges Legal and professional fees Depreciation Activities for generating funds Halo Hub Training Other costs Resources Expended Staff Costs Charitable Activities Costs Halo Homes Other Income Incoming Resources Books and subscriptions Motor and travelling expenses Other Office Expenses Accountancy fees |
Restricted Funds Unrestricted Funds Total 2023 £ £ £ £ 265,621 - 265,621 299,383 86,680 113,084 199,764 110,419 - 7,098 7,098 2,861 352,301 120,182 472,483 412,663 165,956 - 165,956 114,789 106,702 5,591 112,293 77,071 4,123 - - - - - - 1,380 - 1,380 600 9,445 - 9,445 57,258 - 425 425 8,390 24,866 - 24,866 14,395 - - - - - - - 6,881 70,845 75,632 146,477 87,402 - - - - 10,917 - 10,917 10,917 - - - 3,969 390,111 85,771 471,759 381,672 -37,810 34,411 724 30,991 69,916 54,834 124,750 93,759 32,106 89,245 125,474 124,750 |
|---|---|
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The Halo Project (A company limited by guarantee)
Balance Sheet as at 29th February 2024
| Notes 1 Debtors 7 8 9 Cash at bank and in hand Unrestricted income funds Total Funds Creditors: amounts falling within one year Net current assets Restricted Funds Net assets Current assets Fixed assets Funds |
Restricted Funds Unrestricted Funds - 76,536 42,814 - 38,318 - 81,132 0 -32,194 0 48,938 0 48,938 76,536 £ |
£ Total 2023 76,536 95,657 42,814 34,679 38,318 93,295 81,132 127,974 -32,194 98,881 48,938 29,093 125,474 124,750 48,938 49,266 76,536 44,493 125,474 93,759 |
|---|---|---|
The directors statements required by s475(2) and s475(3) are shown on the following page which forms part of the Balance Sheet
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The Halo Project
(A company limited by guarantee)
Balance Sheet (continued)
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Directors' statements required by the Companies Act 2006 for the period ended 29th February 2024
In approving these financial statements as directors of the company we hereby confirm:
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(a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006;
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(b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the period.
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(c) that we ackowledge our responsibilities for:
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(1) ensuring that the company keeps proper accounting records which comply with section 386 of the Companies Act 2006, and
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(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its surplus or deficit for the year then ended in accordance with the requirements of sections 394 and 395, and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
These financial statements were approved by the board on 18th November 2024 and signed on its behalf by
Claire Preston Director
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The Halo Project
(A company limited by guarantee)
Notes to financial statements
for the period 1st March 2023 to 29th February 2024
1 Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding period.
1.1 Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the 2008 Charities Regulations and Directions and the Companies Act 2006
1.2 Incoming resources
All incoming resoiurces are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific preformance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilioties are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold. Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
1.3 Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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The Halo Project (A company limited by guarantee)
Notes to financial statements
for the period 1st March 2023 to 29th February 2024
| 2 Fixed Assets Cost At 1 March 2023 Additions Disposals As at 29 February 2024 Depreciation At 1 March 2023 Charge for Year As at 29 February 2024 Net Book Value At 1 March 2023 As at 29 February 2024 3.1 Donations & Legacies Jill Franklin Trust The Ballinger Trust M.O.J. Comic Relief Ministry of Justice North Yorkshire The Sam & Bella Charitable Foundation The Balcome Trust The Smallwood Trust The Penny Appeal The Rosa Fund Voice4Change Big Lottery Fund BBC Children in Need The Caring Family The Together Fund Other Small Grants Received Deferred Income brought forward 3.2 Activities for generating funds Rent & Housing Benefit Received 3.3 Other Income Refunds and small donations |
Land & Buildings 88,280 9,168 -8,203 89,245 11,314 7,490 18,804 86,134 70,441 Total Funds £ 21,300 13,333 - 62,500 30,000 - 47,500 - 20,833 3,455 - 30,000 6,656 9,044 - 1,000 - 245,621 |
Furniture & Equipment 12,163 2,434 ,- 14,597 5,074 3,428 8,502 9,523 6,095 Restricted Funds £ 21,300 13,333 - 62,500 30,000 20,000 47,500 - 20,833 3,455 - 30,000 6,656 9,044 - 1,000 - 265,621 2024 £ 199,764 199,764 2024 £ 7,098 7,098 2024 |
Total 100,443 11,602 -8,203 103,842 16,388 10,918 27,306 95,657 76,536 2023 Unrestricted funds £ - 19,500 - 15,000 - 0 - 30,000 - 50,400 - 20,000 - 12,500 - 0 - 25,000 - 9,925 - 16,778 - 30,000 - 9,984 - - 36,909 - 23,387 - 299,383 2023 £ 110,419 110,419 2023 £ 2,861 2,861 |
|---|---|---|---|
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The Halo Project
(A company limited by guarantee)
Notes to financial statements
for the period 1st March 2023 to 29th February 2024
5 Employees
| Employment costs Wages and salaries Average Number of Employees |
2024 2023 £ £ 165,956 114,789 165,956 114,789 8 8 |
|---|---|
No Trustee received any remuneration or benefits in kind during the year in respect of their role as a Trustee.
6 Taxation
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes act 1998. Accordingly there is no taxation charge in these accounts.
| 7 Debtors Voluntary Grants not yet deposited at Bank 8 Creditors: amounts falling due within one year Deferred Revenue Grants Trade Creditors Amortised Capital Grant 9 Analysis of net assets between funds Fixed Assets Current assets Current Liabilities 10 Unrestricted funds Unrestricted funds 11 Purpose of Funds Fund balances at 29th February 2024 as represented by: |
Total Funds 76,536 81,132 -32,194 125,474 At 01/03/2023 £ 54,834 |
2024 2023 £ £ 42,814 34,679 - - 2024 2023 £ £ 32,194 32,195 - - - 66,686 32,194 98,881 Restricted Unrestricted Funds funds 2023 £ £ £ - 76,536 95,657 81,132 0 127,974 -32,194 0 98,881 48,938 76,536 124,750 At Incoming Outgoing 29/02/2024 resources resources £ £ £ 120,182 85,771 89,245 |
|---|---|---|
Jill Franklin Trust The Ballinger Trust North Yorkshire Police
The Sam & Bella Charitable Foundation The Balcome Trust The Smallwood Trust The Rosa Fund Voice4Change Big Lottery Fund BBC Children in Need The Caring Family
To support refuge clients Towards Running Costs Staff Costs and travel Staff Costs Core operating costs Grants to be distributed to clients Staff costs & client events Client engagment, community development Staff costs & client events Staff Costs Towards Running Costs
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