The Dwelling THE DWELLING PLACE A Charitable Incorporated Organisation Annual Report & Accounts for the year ended 31 st March 2024
THE DWELLING PLACE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024 Contents Page INDEX General Infcfftiotion Report of the Truslees Independent Examiner's Repc Slatement of Financial Activities Balance Sheet 9-1 l Notes to Ihe Accovnts
THE DWELLING PLACE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024 Trustees Andrew Taylor Andrew Mahers Kolhleen Oliver Lorraine Ansley Dovid Hvbbord Prlnclpal Offlce The Sanjm Hli I Centre. Sarum Hill. Basingstoke RG218SR Banke Barcloys Bank IrKlependent Examlner Brewers Chtjrtered Accounlants Boume House Qveen Street Gomshall Svrrey GU5 9LY Chathy Reglslered No 1164606 Page I
THE DWELLING PLACE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024 REPORT OF THE TRUSTEES AND GENERAL INFORMATION Prlnclpal Actlvity The Dwelling Place provides suppcxted houstng for formerty homeless men. Govemlng Inthuments The Charity is established as a Charilaije Inc(yp(yated Organisation ICIOI and ils aclivities are regulaled by ils constitution. The objects of the CIO are. for the public benefil, to provide supported housing accommodation wth enhanced housing management services. in order to: Promote sociol inclusion by preventing in particulor Ibul not exclusivelyl the formerly homele55 or vulnerably housed inclvding. ex-offenders. those affected by illegal subslance and alcohol addictions ad people effected by poor mental heollh, from being socialty excluded. Relieve the need5 of Ihe formerfy homeless and vvlnerably housed who, as a result of homelessness. ore suffeftng the effects of unemployment. finoncial hordship. ill health and disability. assisting them to integrate inlo society and live with dignity and purpose. through engaging wth a core ond sUppcl plan aimed at suslainable independenl living and enhancing employobility. Truslees The above named have swed dvring the yeor. The Tnjstees are kept infomed of the activities and performance of the charilable organisotion ond provided with regvlar manogement infonnalion. The composition of the board is kept under review and odditionol oppointmenls wtll be made should the need orise. All *ruslees are made aware of their responsibilities. The Truslees mef ot least qvarterfy. quorate on each occasion. on the following dates: 20th July 2023 131h September 2023 22n¢J November 3)23 281h Febwary 2024 Poge 2
THE DWELLING PLACE ANNUAL REPORT AND FINANCIAI STATEMENTS For the year ended 31 March 2024 Revlew ol the ye<w to March 2023 B0d of TfUStees There were no changes lo the board of Irlfee5 Ihi% year. Resldents We have enjoyed full occupancy this financial year and have also seen two of our residents prepare for fife in their own home. This was achieved shortly atter our financial yeor end and we wish them success os the new indewnden* life begins. This year we decided that o new kitchen was in order. so we set about the lask of gelting some funding for the projecl. After getting quotes and securing half of Ihe funding from our Partners we decided to move foward with a design that gave our residenls much more cupboard ond worktop space. Needless lo say, the gvys ore really enjoying this new space. The kllchen before ref(Kblshment The kllchen after reluthhment Page 3
THE DWELLING PLACE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024 Flnanclol Review During the yeor Ihe charity has received donations ond other income amounting lo £59,852 and has incurred expendilure of £51.332. Reserves The Trustees seek to hold adeqvole reserves lo meet three months operating costs equivolent to about £20.C Reserves ot 3151 March 2023 totolled: £39.122. Rlsk Managemenl The Trustees have reviewed the major risks to which the charity is exposed and have taken steps to mtligate the polential impacl of Ihese. Publlc Benefft The Trustees have considered the guidonce provided by the Charity Commission regarding public benefit and the work of the charity. This report was approved by the Trustees on: Iq- and signed on their behalf by: zoL¥ Trustee Page 4
THE DWELLING PLACE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024 Independent Examlner's Report to the Tnjstees of The Dwelllng Place I report to the Iruslees (who ore abo Directors for Ihe purpose of compony lawl on my exominofion ofthe financiol 51otemenls ofThe Dwelling Place I'the choritoble company'l for the year ended 31 March 2024 which comprise the Stotement ol Financiol Aclivities. the Balance Sheet ond Telaled notes. This rep(*l is made solety to the charity's InJstees. as o body. in accordance with section 145 of the Chorities Act 2011. My wk has been undertaken so that I mighl stole lo the chority'51rustees those motteT5 lam required tostole to Ihem in this reportond for no other purpose. To the fullest exlent permitted by law. I do not occept or assume responsibility to anyone other than the charity ond the charity's ITUStees as o body. for my work, for Ihis report. or for Ihe opinions I hove Ined. Responslbllllles and basls of report As the trustees of the charitabk comwny you are responsible for the preparotion of Ihe financial statements in occordance wtlh Ihe requirements of the Companies Act 2006 I'the 2(x)6 Act'i. Having satisffed myself thal the finoncial 5talements of the chorilable company are not required lo be oudited Under Part 16 of the Acl and are eligible for independent exominalion. l report in respecl of my exominothon of the charitable company's linanciol statement5 carried out under section 145 of the Chorities Act 2011 I'lhe 2011 Acl'l and in corying out my exominolion S have fcAlowed oll the applicable Directions given by the Chority Commission under section 14515llbl of the 2011 Act. An independenl exarrHnation does not involve gath&ing all the evidence thot would be required in an audit ond consequently does not cover all the molters thal an auditor consider5 in giving theiropinion on Ihe financiol stotements. The planning ond conduct of on oudit goes beyond the limited a55urance that on independent exominalion can provide. Consequenlly, l express no opinion os to whelher the finonciol stotements present o 'lrue and fair, view and my report is limited to those specific matters set oul in the independenl examiner's statement. Page S
THE DWELLING PLACE ANNUAL REPORT AND FINANCIAL STATEMENTS For the yeor ended 31 March 2024 I have completed my exominotion. I confirm Ihol no moterial motters hove come to my ollenlion in connection with Ihe exominalior) giving me cause lo believe that in any materiol respect: accounting records were nol kepl in respect of the charitable company os required by section 130 of the Chorithes Act", or
the financiol slalemenls do nol accord wth those records: or Ihe financial stotements do not comply with the accounting requirements set out in the Chorities Regulations 2tX)8 Acl other than any requirement Ihol the fin(Jncial 5talements give o 'trve and fair Mew which is not a motter considered as port of on independent exoninalion" or the financial statements hove not been yepored in accordancewith the methods and principles of the Slatemenl of Recommended Practice for occounting and reporting by chorities appficable to chorities preparing their accounls in accordance with Ihe Financial Reporting Slondord applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns ond hove come across no other matters in connection wth the exominalion lo which attention should be drawn in this report in order lo enoble o proper underslanding of the financial statements to be reached. Andrew Sknllon, ACA Brewers Bourne House Queen Street Surrey GU5 9LY Poge 6
THE DWELLING PLACE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024 statement of nancIal Activilies for the year ended 31 March 2024 Note 2024 Unrestricted funds 2024 Restricted Funds 2024 2023 Total Totol INCOME AND ENDOWMENTS From: Donotions Choriloble Aclivities Interesl Received Total 7.124 52.366 362 59.852 7.124 2,195 52,366 38,775 362 37 59.852 41,007 EXPENDITURE on: Charilable octivilies Totol 51.332 51.332 51,332 51,332 42.175 42,175 Nel [Deficll)/lncome Tolol Funds al 31 sl Morch 2023 8.5K) 8.520 11,1681 30.602 31.770 Totol Funds Carrfed FOard at 31s1 March 2024 39.122 39.122 30,602 Page 7
THE DWELUNG PLACE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024 BALANCE SHEET AS AT 31 MARCH 2024 Nole 2024 2023 CURRENT ASSETS Deblors Cash at Bonk 734 534 30.068 30.602 39.122 CURRENT UABILITIES Liabililies falling due wilhin one year Net Currenl Assets NET ASSETS 39.122 39.122 30.602 30,602 FUND BALANCES Unrestricted funds General Funds Restricted Funds 39.122 30.602 39,122 30.602 Apr*oved by the Trvstees and signed on thr hall q- Trustee Page 8
THE DWELLING PLACE ANNUAL REPORT AND FINANCIAL STATEMENTS For Ihe yeaf ended 31 Morch 2024 Noles to the Aecovnts For year ended 31 Morch 2024 Accounllng Policles Basi5 of re rin the finan I lalemenl The linoncial slalemenls of Ihe choriloble company, which is a public benefit entity under FRS 102. have been tKepored in accordonce with the Charities SORP IFRS 1021 'Accounting ond Reporting by charities= Stalement of Recommended Proctice appficable to charities preparing their occounts in accordance wlh Ihe Finonciol Reporting Standard applicoble in the UK and Republic of treland IFRS 1021 leffeclive l Januory 20151, Finoncial Reporting Slandard 102 The Finonciol Rep(Kling Stondard applicable in the UK and Republic of Ireland, and the Companies Act 2(K)6. The finoncial- slotements have been prepored under lhe hislorical cost convention. oted and nts income: Donated income ond grants receivoble are token into accounl when received by the charity. Income received in circumslances where a claim for repayment of lax hos been wtll be mode to HM Revenue & Customs is grossed up for the lax recoverab. Any amour)l of tox reclaimed from HM revenue & Custom5 bul not yel received Is shown within the chority'5 debtors. bl other incom ndex en ilure.. Investmenl income is taken into occounl when receivable and expenditure, including irrecoverable VAT. when incuThed by the chority. regardless of when payment is mode. Grants poyoble aretaken inloaccounl ol the eadierolwhen they are paid (y become conslnjctive obligations. nds Unreslricted funds ore donations ond other income received or generated for the objec15 of Ihe chority wilhout specified purpose and are avoiloble for purposes os directed by the trustees. Restricted funds are omounts received where Ihe donor hos specifled the purpose which il shovld be used. Fund Acc ntin Unrestricted fvnds con be used in accordonce with the choritable objectives ot the dis<Jetion ol Ihe trustees. Restricted funds can only be used f(y porticulady restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Page 9
THE DWELLING PLACE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024 2024 Unreslricted Funds 2024 Restricted Funds 2024 2023 Total Total 2 Voluntary Income Granls Generol donations tax Recoverable 3,586 3.374 163 3,374 2,195 7.124 7.124 2,195 Income from Charfloble AcHvlllos BDBC Housing Benefil Service payments from residents Other income 42,704 9.662 42.704 29.708 9.662 8,859 245 52.366 52.366 38,812 4 Cost of Charitoble Acllvltles a Dlrect Charllable Costs Leasing Costs Ulililies ond house Mainlenonce Sloff ond Training Costs Other Administralive Costs Counseifing 21.962 21,962 19.935 ).019 20,019 12,918 3.860 1.296 1.255 48.392 3.860 1,296 1,255 48,392 39.713 5.984 461 415 b Support & AdmlnlstraNon Insurance Independent Exorrmnolton other Administrative Cost5 620 931 1.389 2.940 620 931 1,389 2,940 51.332 42,175 1,300 780 382 2.462 Tolol 51,332 staff & Trustees The cost ol empk)ytng Staff in the year Salary Costs 3.860 3,860 5,984 5.984 Power to poy remunerolion lo Iruslees is included in the charity's constitution. One trustee. L Anstey. is poid by the chority. No remuneration or expenses were paid to ony other tTuslee during the yeor nor to any person connected to them. Page 10
THE DWELLING PLACE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024 2024 Unreslricled Fvnds 2024 Restricted Funds 2024 2023 Total To*al Debtors and Prepoyments Trade Deblors Tox Recoverable 434 234 300 734 734 534 Cash at Bank and In Hond Bank Accounls 38,388 38,388 38.388 30.068 38.&88 30,068 Credlltys: Ilobllllles falling due wilhin one year Creditor5 Pogell