**Charity number Company registration number**
**1159143 8913368**
## **The Halo Project**
## **Trustees Report and Accounts**
**for the year ended 29th February 2024**
Page 1 of 13
## **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|
Page 2 of 13
## **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|
Page 3 of 13
## **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.
Page 4 of 13
## _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.
Page 5 of 13
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the fiancial statements; and
- 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**
Page 6 of 13
## **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.
2. 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**
Page 7 of 13
## **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|
|---|---|
Page 8 of 13
**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
Page 9 of 13
**----- Start of picture text -----**
The Halo Project
(A company limited by guarantee)
Balance Sheet (continued)
**----- End of picture text -----**
**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:
- (a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006;
- (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.
- (c) that we ackowledge our responsibilities for:
- (1) ensuring that the company keeps proper accounting records which comply with section 386 of the Companies Act 2006, and
- (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
Page 10 of 13
## **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.
Page 11 of 13
## **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|
|---|---|---|---|
Page 12 of 13
## **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
Page 13 of 13