Christine’s Housing Support Charity ANNUAL REPORT For the year ending 31 March 2025
Annual Report | Year ending 31 March 2025
CONTENTS
Page
Charity Overview
Trustees’ Report
Independent Examiner’s Report
Statement of Financial Activities
Balance Sheet 10
Notes to the Accounts 11
Registered Charity Number: 1169029
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Annual Report | Year ending 31 March 2025
CHARITY INFORMATION
For the year ending 31 March 2025
Charity Overview
Registered Charity Name: Christine’s Housing Support Charity
Charity Number: 1169029 Principal Office Address: Office 32 York Eco Business Centre Amy Johnson Way Clifton Moor York YO30 4AG Trustees: Richard Paul Cook Wiles Daren John O’Connor Emma Jane Morris Mark Anthony Fisher Christine Gray (retired 21 May 2025) Independent Examiner: Equilibrium Accountants Ltd 48 Goodramgate York YO1 7LF
Registered Charity Number: 1169029
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Annual Report | Year ending 31 March 2025
TRUSTEES’ REPORT
For the year ending 31 March 2025
Introduction
This is the annual report for Christine’s Housing Support Charity (CHSC), a charitable incorporated organisation (CIO) registered with the Charity Commission for England and Wales (registered number 1169029).
The Trustees
The trustees who served the charity during the year were as follows:
-
Richard Paul Cook Wiles
-
Daren John O’Connor
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Emma Jane Morris
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Mark Anthony Fisher
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Christine Gray (retired 21 May 2025)
Background
The charity was founded in 2016 by variation of the Will of Derrick Tyerman.
Objectives and Activities
The charity was established to provide housing accommodation and any associated amenities to persons in necessitous circumstances upon terms appropriate to their means. The charity has also been established to advance education and training for people in need.
Structure, Governance and Management
The charity was established as a Charitable Incorporated Organisation using the foundation model constitution and was entered on the Register of Charities on 2 September 2016.
The charity is to have at least three trustees.
The trustees have been selected and appointed on the basis that they have skills that are beneficial and essential to the running of a charity of this nature.
The trustees confirm that they have complied with the duty of Section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Charities Commission when reviewing the charity’s aims and objectives and in planning future activities.
Trustees meet quarterly, and all decisions are reached by agreement. The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
Achievements and Performance
The Charity has provided accommodation to families/individuals in need of housing, including refugee families, in each of the five properties held.
The Charity has maintained a good working relationship with YorHome, the housing agency department of the City of York Council, to fulfil its Charitable Objects.
Registered Charity Number: 1169029
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Annual Report | Year ending 31 March 2025
The Trustees have continued to improve the condition of the houses using cash resources from rental income generated, with substantial works carried out in the period 2024-25 to three of its properties. The Charity has worked hard to eliminate black mould from properties where this had become an issue.
Future Plans
The main challenge facing the charity is the high maintenance and repair costs for the five properties due to their age. The trustees are looking to improve the energy efficiency rating of the properties where possible, which will require ongoing investment.
Reserves Policy
Alongside ongoing rental income, the cash in the bank is intended to be kept at a sufficient level for the charity to fulfil its obligations.
The charity has adopted a policy to maintain a cash reserves of £30,000 to cover ongoing maintenance costs of the properties, void periods and provide working capital. The age of the properties held does result in a higher level of ongoing costs. Free reserves at the year-end amounted to £16,170 (2024: £41,440), which is significantly below the policy level. This was due to large outgoings to two empty properties in the latter portion of the financial year. The works were of an urgent and unforeseen nature of the sort that the reserves were intended to cover.
Political Donations
CHSC has no party-political affiliations and does not make political donations.
Financial Accounts
The charity was established by way of a legacy from the estate of the late Derrick Tyerman in the sum of £700,000.
During the year ended 31 March 2019 the final property was transferred to the charity, bringing the total value of the five properties transferred to £665,000. Along with the balancing cash sum already transferred, this completed the transfer of assets.
Historically the fair value of the asset has not been recognised in the financial accounts. This has been corrected in the current year, with the properties recognised as an investment, since they are held as a functional asset to further the charity’s charitable aims. The value of the properties is stated at fair value in accordance with the Charities SORP.
During the financial year all five properties held by the charity were rented to provide an income whilst fulfilling its charitable objects. The total rental income received for the year ended 31 March 2025 increased to £57,669 (2024: £42,119). A year’s rent was received in advance for one of the properties when it was re-let. Total costs came to £36,803 (2024: £43,425), with an additional £47,010 being spent on structural upgrades to the properties.
The accounts for the year ending 31 March 2025 have been prepared in accordance with the Charities Act 2011, the Companies Act 2006, the Articles of Association and the Accounting and Reporting by Charities – Statement of Recommended Practice, applicable to all charities preparing their accounts in accordance with the Financial Reporting Standards.
The charity’s bank account during the year was with Virgin Money.
No Trustees have received any remuneration.
Registered Charity Number: 1169029
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Annual Report | Year ending 31 March 2025 Chrlstlne's Housing Support Charity From the financial year 202&25 onwards th8 charily has changed the provider of its independent accounting review from HPH Chartered Aocounlants to Equilibrium Accountants Ltd, of 48 Goodramgate, York, Y017LF. Post Balance Sheet Events The bank balance and thus free reserves level has continued to recover Sin 1 April 2025. with all five of the Gharity's properties occupied again until Summer 2025. Statement of trustees, responsibilities The trustees are responsible for preparing the Trustees Annual Report and the financial ststements in accordance with applicable law and regulations. In preparing these accounts, the trustees are required lo.. Select suitable accounting policies and then apply them consistently Makejudgements and estimates that are reasonable and prudent, and Prepare the accounts on the going concern basis unless it is inappropriate to pr6sume that the charify will continue in business. The trust88s ar8 r8sponsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial positson of the company and enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding th8 assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Each of the persons who is a trustee at the date of approval of this report confirms that.. So far as each trustee is awar8, th8r8 is no relevant information of which the independent reviewer is unaware, and Each trustee has taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant financial information that may have a material impa¢t on the financial reports and to establish that the organisation's independent reviewer is aware of that information. Going Concern The trustees have reviewed the reserves and CHSC'S current obligations and have a reasonable expectation that CHSC has adequate resources to continue in operational existence in the foreseeable future. Signed on bèhalf of the board of Irustees: Richard Wiles Chair of Trustees Approved by the board on.. Registered Charity Number. 1169029
Annual Report | Year ending 31 March 2025
INDEPENDENT EXAMINER’S REPORT
For the year ending 31 March 2025
I report on the accounts of Christine’s Housing Support Charity CIO for the year ending 31 March 2025, which are set out on pages 8-12.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts under section 145 of the 2011 Act
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To follow the procedures laid down in the General Directions given by the Charities Commission under section 145(5)(b) of the 2011 Act
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To state whether particular matters have come to my attention
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 of disclosures in the accounts and seeking explanations from you as trustees 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
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements
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To keep accounting records in accordance with section 130 of the 2011 Act
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To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
Have not been met, or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
……………………………………………..
Nicola Ainscough FCA BSc Chartered Accountant Equilibrium Accountants Ltd 48 Goodramgate, York, YO1 7LF
- 29 October 2025
Registered Charity Number: 1169029
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Annual Report | Year ending 31 March 2025
STATEMENT OF FINANCIAL ACTIVITIES
For the year ending 31 March 2025
| Year to | Year to Year to |
|||||
|---|---|---|---|---|---|---|
| Restricted | Restricted | Unrestricted | 31 March 25 | 31 March 25 31 March 24 |
||
| Funds | Funds | Funds | Total | Total Total |
||
| Notes | £ | £ | £ | £ | £ £ |
|
| INCOME | 2 | |||||
| Incoming and endowments from: | ||||||
| Donations and legacies | - | - | - | - | - - |
|
| Charitable activities | - | - | - | - | - - |
|
| Other trading activities | - | - | 57,669 | 57,669 | 57,669 42,119 |
|
| Investments | - | - | 473,113 | 473,113 | 473,113 - |
|
| Other income | - | - | 684 | 684 | 684 1,578 |
|
| Total incoming resources | - | - | 531,466 | 531,466 | 531,466 43,697 |
|
| EXPENDITURE | ||||||
| Expenditure on: | ||||||
| Raising funds | - | - | - | - | - - |
|
| Charitable activities | 3 | - | - | 36,803 | 36,803 | 36,803 43,425 |
| Other | 4 | - | - | 4,701 | 4,701 | 4,701 - |
| Total resources expended | - | - | 41,504 | 41,504 | 41,504 43,425 |
|
| Net income / (expenditure) for the period | - | - | 489,962 | 489,962 | 489,962 272 |
|
| Transfer between funds | - | - | - | - | - - |
|
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward as at 1 Apr 24 | - | - | 706,440 | 706,440 | 706,440 706,168 |
|
| Total funds carried forward as at 31 Mar 25 | - | - | 1,196,402 | 1,196,402 | 1,196,402 706,440 |
The notes on pages 10-12 form a part of these financial statements
A Statement of Total Recognised Gains and Losses is not required as all gains and losses are included in the Statement of Financial Activities.
There is no difference between the net income / (expenditure) for the period above and the historical cost equivalent. All activities are continuing.
Registered Charity Number: 1169029
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Annual Report l Year ending 31 March 2025 Chrlstlne's Hau51ng Support Charlty BALANCE SHEET For lila y'&ar eliding 3 I 1vjdrh 2025 Asat 31 March 25 Notes FIXED ASSETS Tangible assets Investmenl Property 42,309 1,137,923 CURRENT ASSETS Stocks Prepayments Cash at bank and in hand 16,170 16,170 Creditors.. Amounts falling due within one year Nel Current Assets l {Liabilities) 16,170 Total Assets less Current Liabilities 1.196,402 Creditors: Amounts falling due after more than on8 year Net Assets 1,196,402 FUNDS Unrestrict8d funds 516 1,196,402 Restricted funds Total Funds 1,196,402 The notes on pages 10-12 form a part of thése financial statements Trustee benefits.. advances, credit and guarantees During the year no benefits, in the form of advances, credit and guarantees, were Confeed upon trustees of the charity. Guarantees and other financial Gommitments During the year no guarantees or other financial commitments were made. The financial statements have been prepared in accordance with the Charities Act 2011, with respert to accounting records and the preparation of accounts. The financial statements on pages 8-12 were approved by the Board of Truslees and signed on its behalf by.. Richard Wiles Chair of Trustees Daté: (/,, /e9 Registered Charity Number. 1169029
Annual Report | Year ending 31 March 2025
NOTES TO THE ACCOUNTS
For the year ending 31 March 2025
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ACCOUNTING POLICIES
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a) Statutory Information Christine’s Housing Support Charity operates as a Charitable Incorporated Organisation that is registered in the UK with the Charities Commission, registration number 1169029.
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b) Basis of preparation and assessment of going concern The accounts have been prepared under the historical cost convention and on the receipts and payment basis.
- The financial statements are prepared in sterling, which is the functional currency of the charity.
The principal accounting policies, which have been applied consistently in the period, are set out below.
c) Compliance with accounting standards The financial statements have been prepared in accordance with the Charities Act 2011, the Accounting and Reporting by Charities for Smaller Entities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS 102) (Effective January 2015) – (Charities ‘SORP’ FRS 102)): the provisions of FRS 102 Section 1A – Small Entitles and other applicable accounting standards in the United Kingdom.
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d) Funds structure Earmarked funds, as shown in the notes to the accounts, represent funds set aside by the trustees for use on specific projects. Amounts shown as Restricted Funds, on the Statement of Financial Activities and the Balance Sheet, represent funds donated for specific projects in accordance with the Charities Act definition.
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e) Income recognition Revenue is recognised in respect of non-government, non-exchange transactions, donations and funds received for goods and services supplied during the financial period on receipt.
Government Grants are recognised using the accrual model.
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f) Trustees’ remuneration and expenses During the year the trustees did not receive any remuneration or reimbursement of out-ofpocket expenses, as none were incurred.
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g) Fixed Assets All fixed assets are capitalised and included, at cost, including any incidental expenses of acquisition.
Depreciation is provided on tangible fixed assets at rates calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
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Fixtures & Fittings: 10% reducing balance basis
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h) Investment Property Investment properties are reported at fair value as at the reporting date, with changes in fair value recognised in the statement of financial activities. Depreciation is not provided on the investment properties.
Registered Charity Number: 1169029
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Annual Report | Year ending 31 March 2025
2. INCOME
| Restricted Funds £ Unrestricted Funds £ Year to 31 March 25 Total £ Year to 31 March 24 Total £ |
|
|---|---|
| Donations | |
| General | - - - - |
| Legacies | |
| Gifts from Wills | - - - - |
| Charitable Activities | |
| Grants | - - - - |
| Other Trading Activities | |
| PropertyRent | - 57,669 57,669 42,119 |
| Investments | |
| Movement in fair value ofproperties | - 473,113 473,113 - |
| Other | |
| Bank Interest Received | - 684 684 1,578 |
| - 531,466 531,466 43,697 |
|
3. CHARITABLE ACTIVITIES
| 3. CHARITABLE ACTIVITIES | |
|---|---|
| Restricted Funds £ Unrestricted Funds £ Year to 31 March 25 Total £ Year to 31 March 24 Total £ |
|
| Accountancyfees | - 1,260 1,260 900 |
| Grantspayable | - - - 962 |
| Heat and light | - - - 76 |
| IndemnityInsurance | - 801 801 435 |
| Professional & management fees | - 8,211 8,211 4,761 |
| Premises Insurance | - 3,540 3,540 1,839 |
| Rates | - 1,014 1,014 365 |
| Repairs and maintenance | - 21,538 21,538 34,087 |
| Sundryexpenses | - 439 439 - |
| - 36,803 36,803 43,425 |
|
4. OTHER
| Restricted Funds £ Unrestricted Funds £ Year to 31 March 25 Total £ Year to 31 March 24 Total £ |
|
|---|---|
| Governance | - - - - |
| Depreciation | - 4,701 4,701 - |
| - 4,701 4,701 - |
|
Registered Charity Number: 1169029
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Annual Report | Year ending 31 March 2025
5. FUNDS
| 5. FUNDS | ||||
|---|---|---|---|---|
| Year to | Year to Year to |
|||
| Restricted | Restricted Unrestricted |
Unrestricted 31 March 25 |
31 March 25 31 March 24 |
|
| Funds | Funds Funds |
Funds Total |
Total Total |
|
| £ | £ £ |
£ £ |
£ £ |
|
| Unrestricted Fund | ||||
| General | - | - 1,196,402 |
402 1,196,402 |
402 706,440 |
| Earmarked | - | - - |
- - |
- - |
| Restricted Fund | - | - - |
- - |
- - |
| - | - 1,196,402 |
402 1,196,402 |
402 706,440 |
6. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| General Funds £ Earmarked Funds £ Restricted Funds £ Total Funds £ 42,309 - - 42,309 1,137,923 - - 1,137,923 16,170 - - 16,170 - - - - |
|
|---|---|
| Tangible fixed assets | |
| Investment Properties | |
| Current assets | |
| Creditors: amounts fallingdue within oneyear | |
| 1,196,402 - - 1,196,402 |
|
| - - - - |
|
| Creditors: amounts fallingdue after oneyear | |
| 1,196,402 - - 1,196,402 |
|
Registered Charity Number: 1169029
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