## **HOUSING INDEPENDENT PEOPLE** (A Company Limited by Guarantee) **Company No.** 09413144 **Charity No.** 1160664 ## **TRUSTEE’S ANNUAL REPORT** ## **FOR THE YEAR ENDED** **31 MARCH 2024** ## **Contents** ||**Page**| |---|---| |**Reference and administrative information**|**3**| |**Trustees’ annual report**|**4 - 7**| 2 **Trustees:** Chair Dr Richard Roberts Trustee Mr Paul Boys Secretary Mrs Jacqueline Roberts Trustee Dr Tom Waterfall Trustee Mr Andrew Boys Trustee Mr Andreas Graham **Company Secretary:** Secretary Mrs Jacqueline Roberts **Chief Executive:** None. Company/Charity administered by the trustees **Company number:** 09413144 **Charity number:** 1160664 **Registered office:** HIP 22 Devon Square Newton Abbot Devon TQ12 2HR **Auditors:** Independent examiner: Sharon Byamungu **Bankers** HSBC 42 Courtenay St Newton Abbot TQ12 2EB **Solicitors** Russel Cooke LLP 2 Putney Hill London SW15 6AB 3 The trustees, who are also directors under company law, present their report and financial statements for the year ended 31 March 2024. The trustees confirm that the financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102. ## **Objectives and activities** ## **Purposes and aims** The Objects of the charitable company are to provide or facilitate the provision of accommodation, care and welfare or other related support services to persons with disabilities including permanent learning disabilities. ## **Public benefit** The trustees have had regard to the Charity Commission’s guidance on public benefit. The charity has provided high quality, affordable housing for adults with disabilities, allowing them to live independently. ## **Achievements and performance** Housing Independent People (HIP) owns two houses in Newton Abbot, which provide quality accommodation for adults with learning disabilities, 4 tenants in one house and 3 in the other. The tenants all receive housing benefit. They receive care packages with both one-to-one and shared elements, and each house has a carer sleeping in overnight. These care packages are neither organised nor provided by HIP, whose role is that of landlord. HIP has maintained the houses to high standard. In this financial year £9,261 was spent on bathroom maintenance and improvement. Redecoration internally and externally is done on a five year cycle. The tenants get on well together and have achieved an increasing degree of independence. The parents of the tenants are becoming older, and the move of their sons/daughters to housing provided by HIP has provided reassurance that their housing will be secure for the future. ## **Financial review** Income for the year came from rent and “contributions” (£39,783). There were no donations this year and no fund raising. “Contributions” are received from the tenants for the costs of electricity, gas, rates, internet charges etc., which the charity pays on behalf of the tenants. The policy is to adjust the amounts of the contributions paid each month so that they match the cost of these services. The rental income is used for maintenance of the properties, and, when reserves are adequate, will be used for repayment of an outstanding loan of £30,000 and future charitable purposes. Expenditure (including depreciation on the house values of £16,785) was £46,655, giving a loss for the year of £6,872. Total funds on 31 March 2024 were £488,640. Cash at bank was £34,686, compared to £24,772 on 31 March 2023, an increase of £9,914. 4 ## **Reserve policy** HIP continues to have a policy to build up a cash reserve of £60,000 to ensure prompt maintenance of the properties. The cash at bank increased to £34,686 on 31[st] Mar 2024. ## **Going concern** The trustees believe the charity is a going concern. ## **Principal risks and uncertainties** If the charity lost its tenants and had difficulty finding new tenants, it would lose its rental income and its charitable purpose. The trustees think this risk is very low. The tenants receive housing benefit to pay their rents. They have permanent learning disabilities and their eligibility for the benefit is not likely to change. ## **Plans for the future** In 2015 the charity achieved its initial objective of purchasing and refurbishing a property to provide high quality accommodation for up to four adults with disabilities, including learning disabilities. This was possible due to a large donation. In 2018 the charity had the donation of a second house accommodating four residents with learning disabilities. We anticipate that we will gradually accumulate funds from the rental income, but it will be many years before funds accumulate sufficiently to consider purchase of another property. At present we are concentrating on continuing to make a success of the houses we have acquired. In the short term any expansion to additional properties will be dependent on further donations. We are not planning to increase our borrowing. ## **Structure, governance and management** The governing document of the charity is the Articles of Association. The charity is a company limited by guarantee which was incorporated on 29[th] January 2015. The charity’s Policies were formally reviewed and updated in March 2018. No further amendments have since been deemed necessary, but they will be formally reviewed again in 2024. ## **Appointment of trustees** When the charity was incorporated there were three trustees with previous experience of charitable trusteeship and relevant experience for HIP (1. A retired director of a national builder who supervised the refurbishment of the residential property, 2. A former Director of social work and retired Chief Executive of the Scottish care regulator, 3. A retired neurologist). An additional trustee was identified and recruited by the existing trustees in March 2015, who is a local general practitioner and distant relative of one of the tenants. Following the donation of a second house in 2018 two additional younger trustees were appointed, who are each siblings of tenants, and who will be in a good position to represent their interests. There are, therefore, now 6 trustees and there are no plans to increase this at present. Trustees are appointed for 3 years and are then eligible for reappointment. The charity has a Policy on trustee appointment. ## **Trustee induction and training** Housing Independent People, being a very small charity, has not organised formal trustee induction and training. Three of the trustees, however, have experience of being Chairs of other larger charities gaining relevant experience and governance training. One of the trustees was registered with the Scottish Social Services Council and was an approved member of Disclosure Scotland’s Protection of Vulnerable Groups Scheme. All trustees have familiarised themselves with the Detailed Guidance of what is required of a charity trustee. 5 ## **Related parties and relationships with other organisations** None ## **Remuneration policy for key management personnel** Housing Independent People has no employees and is administered by the trustees. The trustees have not claimed any remuneration or expenses. One of the trustees (PB) compiles the accounts, and he manages the maintenance of the houses and house improvements. At some point in the future it is probable that HIP will need to employ professional services for these tasks. ## **Statement of responsibilities of the trustees** The trustees (who are also directors of charitable company 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 Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees 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 trustees 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 and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. 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. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 30 March 2021 was 6. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity. ## **Statement as to disclosure to our auditors** 6 In so far as the trustees are aware: - There is no relevant audit information of which the charitable company’s auditors are unaware; and - The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. ## **Auditors** Sharon Byamungu has been appointed to provide an Independent Examination of the accounts. The trustees’ annual report was approved by the trustees on 24 October 2024 and signed on their behalf by; 20[th] October 2024 ……………………………………. Dr Richard Roberts ## **Chair** 7 Compary no. 09413144 Charity no. 11fj06 Housing Independent People Report and Financial Statements 31 March 2024 Housing Independent People Statement of Financial Activities (income and expenditure account) th• pwkd from AP￿ 202J¢O•A#¢h 2024 1 Unrestrlrted Restrlrted Total 2024 Fund5 Fund5 Unrestrirted Restricted Funds Funds Total 2023 Incoming Resources General Donations Rent & Contributions 39,783 39,783 39,783 39,783 37,612 37,612 37,612 37,612 Resources Expended House Puchase Fees & Depreciation House Development House Running Costs Governance 16,785 9,261 20,606 16,785 9,261 20,606 16,785 16,785 18,470 21 18.470 21 35,275 46,655 46,655 35.275 Net Movement in Funds 16.8721 {6.872) 2.336 2,336 Reconclllatlon of funds,, Total funds brought forward Transfer of Assets 495,511 495.511 493,175 493.175 Total funds carrled f0Th4ard 488,640 488,640 495,511 495,511 All of the above resu￿$ are dertved from cor¥tlnulng actlvltie5. There were no other recognised yin$ or I¢￿e$ otherthan those stated abo¥e. Page I Housing Independent People Balance Sheet rt31 ma￿ 2024 Total 2024 Total 2023 Note Fixed Assets 484,454 501,238 Current Assets Cash at Bank and in Hand Debtors 34,686 24,772 34.686 24,772 Creditors- amounts falling due within one year 15001 15001 Net Current Assets 34,186 24,272 Total assets less current Ilabllities 518,640 525.511 Creditors- amounts due after more than 1 year (30,000) (30.000) Total Net Assets 488,640 495,511 Charity Funds Unrestritted Funds Restricted Funds 488,640 495,511 Total Funds 488,640 495,511 lal For the period ended 31 March 2023 the company was entitled to exemption under settion 477{21 of the Companies Act 2006. Ib} No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Att 2006. Icl The directors acknowledge their responsibility for.. i. ensuring the company keeps accounting records which comply with section 386; and ii. preparing accounts 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 profit or10s5 for the financial year, in accordance with section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the companv. Approved by the Directors on 24 October 2024 and signed on their behalf by: Director: aul Boys Date Page 2 l. Tanglble fixed assets Freehold property Cost At the start of the year Addition5 in year Disposa15 in year 576,673 At the end of the year 576.673 Depreciatlon At the start of the year Charge for the year Eliminated on disposal 75,435 16,785 At the end of the year 92,220 Net book value Atthe end ofthe year 1 484,4531 At the start of the year 501.238 All of the above assets are used for charitable purposes. 2. Croditors: amounts duo withln 1 year 2024 2023 Trade creditors 500 500 500 500 3. Credltors: amounts duo aftsr more than 1 ￿ar 2024 2023 Loan Repayment 30.000 30.000 Page 3 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesldirectorsl members of Ho￿51￿]{ INo&thwr F&)PL£ On accounts for the year ended 31 los12¢ Charity no.. 116066& Company no.: C44131 Set out on pages I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 los1204. As the charity's trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act"). Responsibilities and basis of report Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Acf,). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act. Independent examiner's statement pany's gr Income ex ded £250 andla rtake the mination by Ing a qual. d memb plicable ed body]]. De e[ ]rfnot plicabl alifie [inse ame of un I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below") which gives me cause to believe that" accounting records were not kept in accordance with section 386 of the Companies Act 2006,. or • the accounts do not accord wtth such records.. or the accounts do not comply with relevant accounting requirement5 under section 396 of the Companies Act 2006 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., or .the accounts have not been prepared in accordance wtth the Charities SORP (FRS102) IER October 2018 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. Please delete the words in th8 brack8ts rf they do not apply. Signed: Date: 06 1£ Name: Relevant professional qualification{s) or body (if any): CPM Address.. Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charty accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wlshes to disclose. IER October 2018