DOORIVAY Advice I Support l Accommodation Doorway Report and Financial Statements for the year ended 31 March 2024 Registered Charity number 1176552 Doorway Annual Report and Flnancial Statements For the year ended to 31 March 2024 Index Page Report of the trustees 3-13 Statement of trustees, responslbilrlies 14 Report of the independent exarniner 15 Statement of flnanclal aCt￿[lIeS 16 Balance Sheet 17 Note5 to the financial statements 18-27 DoorwayAnnual Report and Flnan¢ial Statements For the year ended to 31 March 2024 Report of the Trustees The Trustees of Doorway 1.the Charit¢) have pleasure in pre5errting their report and financlal statements for the year ended 31 March 2024. The trustees Confim that the financial Statements comply wlth the Charftles Act, the Charivs Constitution and Accountin8 and Reporting by Charf(ies.' ststement of Recommended Practke applicable to Charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republlc of Ireland IFRS1021 (effective I January 20191. REFERENCE AND AOMINisfRATIVE INFORMATION Trustees: Lesley Nelson JIM Crawshaw Lynn Payne Susan Pearson Frances Wilkins Goriola O Sonola, FCCA James Westley Nl8el Smith Sean Perty Chair Vlce-chair Treasurer Secretary All Trustees have been In Position since registering as a Charity on 8 January 2018. James Westley resigned from the Commlttee on 20 March 2024. Senlor Staff Member(sl Carol Gallagher Chlef Executlve Offlcer Charlty Number: 1176552 Règlstèred Office: 25- 27 Dugdale Street Nuneaton Warwickshire Cvll 5Ql Independent Examlner: SFB Group Llmited Chartered Accountants Manor Court Chambers Townsend Drive Nuneaton Warwickshire CVII 6RU 8anker5: Barclays Bank plc Leicester LE87 2BB Doorway Annual Report and Financial Statements For the yeai ended to 31 March 2024 Report of the Trustees (contlnued) STRucfuRI GOVERNAN￿ AND MANAGEMENT Governin8 l>ocument Dootway is constituted as a foundation model, Charltable Incorporated Oiganisation ICIOI dated 20th December 2017. The Constitution which establishes the charitable objects was registered with the Charity Commission on 8 January 2018. Previousty, Doorway was an unlncorpordted registered charlty slnce 1997. A Business Plan objective led Trusteesto undertake a strategic review of the charity's status and options. Becoming a CIO has enabled Doorway to have a robust constitutlon whl¢h Is more relevant to current operatlonal pratticewhilst also providing Improved protection for Twstees. Re¢r￿tment and Appolntment of Management Commlttee The Trustees who have servèd during the year are set out on page 3. The Management Committee comprises of Trustees and advlsors who meet on a bi-monthly basis. Thls Is augmented with sub-group meetings that cover other operational matters such as Finance and Quality Assurance and any other operatlonal matters as deemed necessary. Su&groups report to the full Management Commlttee of 11 members19 Trustees and 2 advisors). Virtual and hybrid meetings were held during this reportlng perSod. DOO￿aY has a Young People's Group and a representative attends Management Comm￿tee meetings where possible to provide feedback and offer suggestions for improvement to servi￿. In accordance wlth our Constitution, the first charlty Trustees were eletted for period5 of 2 to 4 years and any subsequent Trustèes are appointed for a period of three years. A skllls audlt of Management Committee members takes place periodically to allow Doorway to identify Skill shortage5 and enable appyoprlate replacements. A Buslness Plan oblettlve Is to retruit new Trustees on an ongoing basls until the maxlmum pem)itted is reached. TriLStee Indurtlon and Tralnlng Potential Trustees spend time with the Chief Executlve Offlcer {CEOI to learn about Dwnvay prlor to being appointed. They also attend a Management Commlttee meeting as an advisor 50 that suitability to be a Doorway Trustee can be agreed by ljoth partie5. Following thls an induction process includes time spent with the team to learn more thoroughty about the day to day running of our charity, identifyingtraining requirement5 and meeting ouryoung people. All necessary paperwork is completed, slgned. scanned and held elertronicallv. Opportunitles to attend relevant Trustee training are reported to Management Committee meetln8S and by email. Suitable training Is provided as required using I￿al resources such as Warwickshire CAVA. Trustee5 use the Charity Commlsslon websbte for guidance and receive their email newsletters to malntsln their awareness of cuThent Yoluntsry sectortOPiCS. Organlsatlonal Strurture Management Committee is responsible for the strate8ic dirertion and policy of Doorway. The Committee has members from a variety of backgrounds such as The Skills Funding Agency. Local Authorlty Houslng Departments, higher education sector, foster carer, and voluntary sertor. There is broad mix of skills on the ManaBement Committee and experlence of working with young people is supplemented by knowledge of the voluntary sector. financial management, health and safety, Doorway Annual Repprt and Flnancial 5tatsments For the year ended to 31 March 2024 Trustees. Annual Report (continued) safeguardln& housing le8i51ation and personnel management. The CEO also sits on the Committee but has no voting rights. Day to day responsibility for the provision of 5ervice5 and achieving oblectlves rests wth the CEO. The CEO also ensure5 that the team continues to develop relevant skills and that working practices are in line with good practice and legislation. All frontline employees of Dooryéay undergo an enhanced DBS check and participate annually In training via the local SafeguardSng Board. Management Committee and volunteers are DBS checked depending upon their fole and whether they will be spending time alone wlth our beneflclarles. Volunteers provide essential support to the widerteam in all areas of work and can also acce￿ relevant tralning. All traSnlng during this period was provided by both webinars and In person sesslons. Relatsd Partle5 Doorway is guided by both local, regional and national policy in pursuance of DoorwaV5 objects and seeks to Influen￿ social polrcy where it is relevant to do so. At a natSonal level it can be difficult for small charities to have a big influence therefore Doorway is a member of national organisations, such as Homeless Link and Centrepoint and attends regional meetings. At a local level Doorway contlnues to be a member of statutory and voluntary groups whlch meet regularly. This means we can contribLrte to local policies. maintain an awareness of current local issues and ensure links within the local communrty remain intact. Doorway ha5 contracts, partnership agreements and service level agreements wlth statutory and voluntary organlsatlons to help meet the needs of beneficiaries. Rlsk Mana8ement The Trustees examlned the major strategic, bu5ines5 and operational risks which Doorway fa￿5 and confirmed that systems have been established to Ènable re8ular reports to be produced so that necessary 5tep5 can be taken to lessen the rlsks. A 8uslne55 Rlsk Management and 8uslness Contlnulty Plan is in place and is revlewed as necessary, otherwlse annually In October. Internal control rlsks are mlnlmlsed by the Implementatlon of procedures for authorlsatSon of all financial transartlons. Procedures are In place to ensure compllance wlth health and safety of staff, volunteers, young people and visitors. OBJEcfivES AND ACTMTIES O¥ervlew The objects of Doorway in accordance wr(h our constitution are.. o relieve hard5hipi need and distress among young people in the County of WaThvickshire and surrounding countles Ilncluding speciflcally the a￿aS covered by Coventry Clty Councll; Tamworth Borough Council; Lichfield District Council,. Hinckley & Bosworth Borough Council; Birmingham City Council and East Staffordshire Borough Councill, in partlcular those between 16 and 25 years who are homeless or threatened with homelessness." Doorway Annual Report and Financial Statements Forthe year ended to 31 Marth 2024 Report of the Trustees (continued) The maln oblectlves for the year are shaped by the strdteglc alms of Doorwa￿5 Buslne5s Plan and are reviewed annually. Our current Business Plan was agreed from November 2022 wlth a clearer strategic/ operatlonal spllt. Our vision and mlsslon ststements and ouraim and oblectives reflect that at the heart of Doonvavs work is an ethos and commitment to work with each youn8 person indlvldualty to meet thelr speclfic need. Doorway V151on & Mlsslon statement: Our vision is to prevent youth homelessness and mlnimise its impact$ by ensurln8that all youn8 people have a safe and Secure place to live, a productive fulfilllng purpose, positlve relatlonshlps with others and good health to enjoy them. Our mlsslon is to give homeless young people a future through advlce, accommodatlon optlons, support and life ski115 development. Our aim is to make sure ihat vulnerable, homeless young people can look forward wlth optlmlsm, raise their aspirations and improve theSr quality of life. Doonyays Buslness Plan Oblectl¥e$: To prevent youth homelessness and the exclusion that embeds It. To increase access to safe and secure accommodation for young homele55 people to alleviate homelessness and exclusion. To promote a personallsed approach to young people's housing and personal development need5. To Inlluence pollcythat affects homeless and excluded people. Doorway look5 to achieve its rtrateglc alms by working in partnership both formalty and informalty wlth many organisatlons In order to provlde a wlde range of options for young people. There are three distintt services which help young people In dlfferent ways: Athice, Support and Wellbeing. These have been developed as approprlate to meet the young people's changlng needs as Identrfied by them and details of all servlces can be found on DoOrWa￿S websSte www.doorwa .or Summary ofthe maln actl¥ltles undertaken for the publlc benefft Adv1￿ Ser¥ke The Advice Service is the first point of contart for all young people accessing Doorwavs services either at our Dropin Centre or at outreach sesslons around the County. Many young people on our waiting Ilst are livin8 8 transient lifestyle. goin8 between extended family and friends fortwo or three nights at a tlme and can be descrlbed as the 'hldden homele55.' Thls servlce undertikes the followlng actlvltles: Referra15.' these are recehml from a wide variety of organlsatlons. self-refèrrals account for 51% of referrals recelved. Rèferrals and signposting to other organisations create more options for young people, altfv)ugh there are fewer organlsatlon5 now due to changlng commissioning processes. Outreach session5 foryoung people: to Improve accesslblllty to the 5ervice* partlcularly In rural areas and to meet increased demand. Many outreach venues are used across the county on an ad hoc basis at local Coun¢ll offices, rnllege5, cafes and In thelr current home. Advlce to young people.. this is mostly around houslngand welfare benefit issues. advocacy and other advice on various topics Is also ￿Veft as required. Doonyay Annual Report and Flnandal Statements For the year ended to 31 March 2024 Trustees, Annual Report (continued) Preventlon & Mediation.. cnrcial to remaln In orlglnal home rf possible or retaln tenancies. Providing emergency accommodation via seven units of accommodatlon called Yom's Place" funded by Tom's Fund In the areas of Nufteaton. Stratford upon Avon. Atherstone and Ru8by: Intensive support is provided by worknng wFth them to addre55 thelr houslng and Income situation and flnd them long tem secure accommodation. Financial Capability training: helping young people to budget efficientty and be able to better manage their money dellvered by Money Advlce Trust trained advlsors. Maintsins Doorw*5 waiting list: for sUPPOrted and supportive accommi)dation andlor support. Delivers New Home Workshops: to urKlerstand what is entailed in managing a tenancy and INing independentty. Manages our rent account system: we reoNe rent payments, Universal Credit and Housing Beneftt to pay to privats landlords and to cover our Intensive housing management costs. Volunteer management. Support young people whilst on the wa5tlng Ilst.. low level support Is olven to young people reBardlng benefits, alternative accommodatlon and resolvin8 tenancy Issues If threatened with homele55ness by a landlord. Statlstlcs.. In 2023124 the Adviceservlce rece￿ed 421 referrals and 51% of these were self-referrals. The maln reason for homelessness was belng evicted by parents and 70 referrals were for l6-17-year￿lds. 72 young people partlclpated in our New Homes Workshops either in group or individual session5. Quallty: The Advlce Servlce was awarded wSth the Advlce Quality Standard in February 2023 followln8 an external audit by the Recognlslng Excellence and remalns current for a period of 2 year5. Fundlng: The National Lottery Communlty Fund. Warwlckshlre County Councll, Nuneaton & Bedworth Borough Council and smaller grants all partially funded different aspects of the Advice Service during the accounting perlod. Support SeNl¢e The aim of this service is to workwith young people to move way from adverse chlldhood experiences, to maintaln thelr tenancie5, develop Ilfe sWlls and avold repeat homeles5ne5s. To athleve thls, the followlng actlvftles are undertaken: Referrals.. these a￿ received via Doorwavs Advlce Servlce for support in t)oorway, prtvate landlord, local authority or reglstered social landlord acwmmodatlon. Doorway and prlvate landlord accommodation: Doorway encourages young people In thls accommodation to work closety with other organlsations and landlords to maxlm15e tenancy sustainmenL Move in., starter packs (from donations),. Setting up home,. help understsnding the basic ri8hts and obligation5 of tenancles: how to set up utllttles and manage of varlous types of bllls. Support d15cusslon'. thls Is led by young people and includes accommodatlon Issues; budgetln& educatlon. staying Safe, training and work., soclal skllls, energy effleiency, emotional well-belng and acce5slng healthcare provlslon. Thls is key to developing trusting relationships which may have been missing previously in their lives whilst slmultsneously understandlng their Individuallty. Support plan.. thls ts developedjointlywith the young person u51ngthe Homeless Outcomes Star IHOSI. This helps to ralse asplratlons and maxlmlse their opportunity to achieve their goals. Support and guldance durfng transitional or difficult perlods and on-golng support where necessary. Referral to counselling and care servlces. DoorwayAnnual Report and Financlal Statements For the year ended to 31 March 2024 Report of the Trustees (contlnued) Posrcive outcomes.. Once settled In accommodation young people can start to plan other areas in their live5. Jobwise. our employabilty course, helps IdentSfy and address any skllls gaps they have when trying to flnd employment. Some help out at fundraising events which improves ¢onfidence in their localities. Working in 8roup5 help5 to develop thelr own so¢lal network with peers. Partnership working- Support Workers maintain 5tron8 links with othw or8anlsations. such a5 tralnlng provlders, Children's SeNlces, Probatlon, CAB. Job Centre plus. Housing Departments. Llnklng Futures, National Careers Service. Colle8e$, Princes TrusL dru8 counselling seNices, alcohol and mental health seThlces. Thls helps to provide a range of resources so that young people can move on posltlvely In their lives. Move on: Support Workers work wlth young people to agree IndicatOTS that they are Ilvlng independently and readyto move on {e.g. property cleanliness. regular rent payment5, Posltive activitles and effective budgeting.) Thls 15 also shown by the HOS and young people achieve reallstic goals they have Set forthemsefves. ststlstlcs: In 2023124 a total of 96 young people were with our Support Servlce. Thls fi8urÈ reflects inward and outward movement. Of the 43 young people leavin8 the service, 86% moved on Sn a posltlve way by reconcilin8 and retuming to Ilve wlth famlly or sustaining move-on accommodatlon. At the end of March 2024 t)oop*ay was supportin8 58 youn8 people. Quallty: Doorway Issub-contrarted byst Basllsto dellver part of Warwl¢kshire County Councll's floatln8 support contrart and is compliant with contract qualty requirements. Fund1￿. St Basils {Service Level Agreement). Sheléan Trust. Wates Famlly Enterprlse Trust and small grants all funded dlfferent asperts of the Support Service. Wellbeln8 Senrfce This service 15 aimed at ralsln8 avrdreness of youth homele55ne55, preventlng repeat homelessness, developing independent livlng skills and increaslng health and wellbein8. Our many projects indude: Young People'5 Group IYPGI: this group meets monthly and alternate5 between activlties and planning meetings. The group provides peer support for young people who may be socially isolated and not have the financial resources to partlclpate In social activitie5. Llfewlseskills Pro8ramme: administered by Centrepoint for use bythelr partners and accredited by AQA. On completion of this course young people have a legacy of skllls. knowledge, social resllience and contacts that enable them to continue growing and maturlng as they become young adults. able to sustain a tenancy. be economically independent and be healthy and actlve as young citizen5 ill their communities. Jobwise.. weekly employability sessions held with DWP Job Coath and includes AOA modules. Cooking Sessions- teaching youn8 people on low income5 to shop for and cook healthy food. Steps to Independent Llvlng ISTILI: Course for young people leaving care to develop life skills. Healthwi5e'. weekly sessions which aim to improve physical, mentsl and Sexual health, can Include workshops, Invlted guests and a safe space to tslk. Gardenlng sesslons: part of Healthwi$e and aims to Improve both physical and mental health and teach young people rw skllls. Youth Homelessness Preventlon Programme: this Is delivered in local secondary sch¢)ols uFK)n request. The Programme raises an awareness of homelessness Issues. explores the d￿r￿ultIeS of livlng alone and PLtpils know where to 80 If they are experlencing problems. Any projects identified by youn8 people durlng YPG or other feedback to Improve wellbelng. Encouragement to volunteer at various fundraisirb8 events held. Doon￿aY Annual Report and Flnandal Ststements Forthe year ended to 31 March 2024 Report of the Trustees (contlnued) Stat15tics: There were 148 Lifewise modules accredited to 88 young people during 2023124. 23 young people participated in Jobwise and there were 294 attendees1125 uniqyel at our various artivitie5 above as well others such as Healthwise, Christmas meal and Money Matters. Quallty: Doonvay holds Warwlckshlre's Gold Award for Involvement. Doorway also holds Young People Flrsys Gold Award for Quallty Assuran￿. Fundlnr. WCC, the National Lottery Community Fund and small grants contributed to funding for this servlce. Prop•rty Servlcas Doorway bought its first property, Watkins House. in Nuneaton which is a 3 bedroom house and was let for the first tlme at the be8innin8 of March 2021. Dtrjrway also provides accommodation to young people through our rent-t4Trrent scheme. This enables us to work towards improving accommodation above the minimum standards used by landlords and to provide essential items such as washing machines and vacuum cleaners as well as items such as soft furnishings to make them more homety. We continue to work with private landlords who are willing to accommodate young people on the understsndlng that they wlll be advlsed on malntalning their tenancies by our Support SeNlce. Thls scheme is informally managed and to provide supportive accommodation for young people who are in employment. Property Services key activr(ies are: Regular safety inspections are undertaken for all properties In addition to HMO requSrements. Void management, Repairs management. Liaising with landlords to set up new propertleg. Stati$tia: Units of accommodation are 3 in Watklns House. 56 rent to rent scheme. 7 informally managed. Quallty: Houses in Multiple Octupation (HMOI are inspected periodically by local authorities to ensure standards are attained. None of the properties Doorway uses ¢urrentty require HMO licences. Funding: Small grants and intensive housing management costs through housing benefit contrlbuted to the funding of this 5eNice. Small grants enabled the purchase of some white goods. Partnershlp Wi*kln8 There are stron8 partnership links with other or8anisations and this help5 to maintain an awareness of current trends. Other examples of partnership working to benefrt young people have been referred to In the'Related Partles. sectlon. Publlc Benefft Trustees have re￿rd to the Charity Cornmission's general guidance on public benefit and are sat15fied that we provide considerable public benefrt. The objectives in our Business Plan support the charity objective5 of our governing document and aim to tackle the cau5e5 and consequences of youth homele55nes5. The Trustees consider that the activities of Doorway (described throughout) provide benefit to young people experiencin8or with lived experienceof homeles5ne55 in Wanvickshire. Many factorscan Impact on homelessnes5 and by providing indlvidually focused opportunrties thi5 minimises the likelihood of repeat homelessness in future. The board of Trustees regularly monitors and reviews thè Charity's success in meeting its objectives and confirms that the activities of Doorway descrlbed In thls document are undertaken in pursuit of its aims. Do0V￿aY Annual Report and Financial Statements For the year ended to 31 Marth 2024 Report of the Trustees Icontinuedl Grant Makin8 Doorway doe5 not make Brants to beneficiarles or other charities. Soclal Investment Doorway Trustees had a social investsnent loan in accordance with Business Plan objectlves with a view to improving sustainablllty which ended in 2021. A further successful application was made to Homeless Link in January 2020 which enabled the purchase. rEfurbi5hment and equippln8 of Watklns House. Thls loan ended in February 2024, Volunteers Doorway worked with 44 volunteers durlng 2023124 150- 202V231 providing 1,641 hours 11,755.. 20221231 of support to the staff team. We were dellghted that our statistics include 3 fomier young people who returned to help Doorway as well as 5 current young people a5515ting at fundraislng activities. The volunteer hours are valued at É18.773 (£18287: 20221231 to our charlty whlth was Durlng thls reporting period our volunteers provided much needed support with office services, partlcularly as receptionists in our drop-in centre and some undertook admin tasks. Other actNitles included helplng with fundraising artivltles. DIY and gardening in propertles and pro¢esslng the numerous donatlons that we continued to recervei particularly food, to help our young people. Student placements were offlce based to work on specific admln tasks. The total volunteer figure does not Include corporate volunteers or members of the Management Committee who provide their tlme, expertise and technical know-how on a voluntary bas15, Achlevements & Perfornian Summary of the main achievetnents durlng the period The Advice Service received 421 referra15 and 51% of these were 5elf-referrals where many young people had heard of Doorway from their peers. Evaluations show that 80% did not feel confident about their future housing situation when they first contacted the servlce. However 96% of them reported that after speaking to a Doorway advlsor they felt confident about their housin8 Options. 95.5% would recommend Doorway to their peer5 and 86% felt listened to by their advlce worker. We were pleased to be able to contlnue thls seThice thanks to fundlng from the National Lottery Communty Fund from I" April 2024. 96 young people received support. Of the 43 young people who moved on, 86% did so in a posltive way and maintained independent Ilwng successfully. 90% of those wlth the Support Service for more than 6 month5 moved on posltlvely. 47 out of 48 young people felt that support sessions were flexible to meet any changes in circumstances. 85% felt their support worker helped them to deal wlth prevlous problems and 98% of them felt listened to. Dootwa*s Health and Wellbeing Worker manages Lifewise where 148 AQA accreditations were awarded across a range of module5 including Houslng Options.. Private Rentln& Budgeting and cooklng modules. She manages the Steps to Independent Llving course for young people to help them prepare for when they leave care. She also co-ordinates Jobwlse whlch aims to help the long-term unemployed and can be delivered by all front line slaff. This has included joint working with a DWP Job Coach and the Severn Trent Academy. Activities had 294 attendee5 of which 125 were unique indlvlduals. io Doorway Annual Report and Financial Statemerrt5 Forthe year ended to 31 March 2024 Report of the Trustees {continued) Our open-access drop-in centre has facllitle5 for young people which Includes a shower. donations, access to laptops for job and property searches or a safe space to sit and chat with the volunteers and staff. As part of our weekly Healthwise sessions a sexual health nurse visits monthly to provide advice. We were extremely thankful to receive regular weekly food donations for distribution to young people through Neighbourly. Thiswas particularly helpful asthe cost of livin8 crisis continued to impact on their ablllty to manage their income and a grant from Warwickshire Welfare helped us to ensure that young people were able to heat thelr home5. D¢)oNray wa5 delighted to receive a grant from Wates Family Enterprise Trust to reintroduce our recognition policy. This included 2 awards events where young people were recognised for reaching goals they had set and other progress they felt they had achleved. They also partlcipated in a Halloween activity and crafted pumpkins. Events such as these improve engagement. interaction with others, soclal skills and confldence. We have also appreciated support from Wates WIKI undertook remedial work at one of our properties with their contractors who also make donatlons to DoonNay at christmas. Coventry Bulldlng Soclety helped Doonvay wlth corporate support to transform 2 gardens in the propertie5 that we use and a relaxing external environment made a huge difference to youn8 people. Doorway contlnued to work towards our oblectlve to diverslfy our Income sources to improve 5UStainability. We received many donations throughout the year especially in the lead up to Christmas which enabled us to provide all of our young people with brllllant ChrSstmas hampers which included food ilems• gift5 and trjilelries. Performance a8alnst objectlves set Doorwaws new business plan was adopted viith effect from November 2022 for a 3 year perlod rather than the orlginal plan for 5 year5 due to the constantty changing external environment. If appropriate rt can be extended after 3 years. The new plan makes a clearer dlstlnctlon between the strategic and the operatronal and was developed u5in8 feedback from internal and extemal stakeholders. Doorway'5 objertive5 are set through the Busines5 Plan and performance 15 reported to each Management Committee meeting and thus monfcored every two months as well as annually. The objertive5 a150 link to outwmes in accordance with current grant award5. The statistics recorded earlier In thls re￿rt all exceeded our Buslness Plan objectives for direct work with our beneficiaries. Our strategic objertNe to appolnt o Fundraiser was achleved wlth a further oblective to generate a specific amount to achieve a diversity of income sources. An ongoing objective to improve our rent to rent accommodatlon to make It more homely for young people has been achleved. Thls wa5 helped further by corporate support as mentioned above as well as that from MES Systems who Supplied CCTV at Watklns House. Performance of fundra151￿ artlvltles agaln5t obJ*ctlves set Within the Business Plan thère is a separate Fundraising Strategy with an aim of diversifylng sources of income so that our exlsting work is sustalned and to allow for growth of new seNlce5 for homele55 voung people. Through rent to rent, Doorway has recefved prevlously uneovered costs of managlng propertie5 thus reducing the reliance on grants for this service. However, some of thi5 income was also used to Improve and malntsln standards In shared houses. DooThvay Is re8iStered wSth the Fundralsing Regulator. li Doorway Annual Report and Financial Statements For the year ended to 31 March 2024 Trustees, Annual Report (contlnued) Our Marketing Strategy has maintained last yearfs increase in s¢xlal medla attivity and online donations. Our budget forecast at the start of the year Included a prudent amount within the Income budget for donations and Income from fundraising events which was achieved. The external funding environmentforcharities remains competitive and we continue to apply forgrants where posslble. Our 3 year grant from the Sheldon Trust was appreciated and ends in May 2024. We always enjoy meetlng representstlve5 from our grant makers and were delighted to meet two of them from Baron Davenporvs Charity who provided ongoin8 SUPPOrt to Doorway. A grant from the National Lottery Community Fund towards our Advlce Service started in April 2023 whlch ensures that essential personalised information is avallable foryoung people experiencing homelessness. FiTran¢lal Re¥lew Review of the charity's financial posltlon at the end of the period Doonmarfs financial position exceeded expectations at the beginning of the period. This was partly due to stsff changlng posts internally leaving a post unfllled. Our void time5 were lower than expected and so we recelved more rental income than orlginally forecast. Our largest income sourcewasthrough rental incorne and other sources induded large and small grants, fundraisin8, donations, Service level agreements and contrarts. Trustees have reasonable expectations that Doorway has adequate resources to continue in operational existence for the foreseeable future. For this reason. they continue to adopt the goin8 concem basls in preparing the financial statements. DoO￿a￿S pollcy on reserv85 It is the policy of D¢x•rway to build unrestrlcted funds, which are the general reserves of Doonvay in order to provide a buffer to meet unforeseen operational requirements. Reserve5 are also needed to cover emergency repairs to rented p￿miSeS. to cover operating costs in the event of a winding up, redundancy and to cover any potential loss of income sources. The Management Committee has examined Doorway's requirements for reserves in light of the main risks to the organi5ation. It has establlshed a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by Doorway should be between 3 and 6 month5 of budgeted expenditu￿. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that there are also sufficient funds avallable to Cover support and 8overnance costs. The Management Committee ha5 also considered the extent to whlch existing activities and expenditure could be curtailed, should suth tirtumstances arise. Deslgnated Funds Doorwavs designated continuation reserves fi8ure of a minimum of £244.300 Is held to allow between 3 to 6 months operatlng costs In accordance with the CharStles Commlsslon recommended practice. This includes paying staff salaries and calculations for redundancy payments. Funds have been designated to purchase another property to reduce ongoing payments for renting propertles from private landlords. Other funds have been designated for management ¢hange5 during 2024. 12 DOO￿aY Annual Report and Financlal Statements For the year ended to 31 March 2024 Trustees, Annual Report (continued) plans for the Future Doorway Seeks to review and improve the quality of our serv1￿$ on an onBolng basls to young people wlth lfved experience of homelessness. Doorway wlll contlnue to work with partner organlsations to ensure that as many options as possible are available across a range of themes. We have a fantsstic workforce, both paid and voluntarytr maintalnlng contsct and bulldlng trustlng relatlonshlps wlth young people to help them overcome challenges in their live5. Doorway will focus upon the folk)win8 areas to meet Business and Operational Plan objective5 during the forthcoming year: Work towards retalnlng accredrtatlon for the AQS quality mark for our Advice Service in February 2025. Revlew and collate Infomiatlon gathered to date to develop our property strategy for all aspects of accommodation used, including office space. Contlnue to Improve and ralse standards in all accornmodation used by Doorway involving young people in makin8 decisions about their living environment. Doorwpy will continue to explore altematNe methods to dfverslfy Income and fundralslng remains an essential source of income. Volunteers are an integral part of Doorwayand duringthe year have provided an invaluable resourte in many of our servite areas. We will encourage youn8 people into volunteer artivities In their local communltles. Doorway wlll undertake successlon plannln8 for our turrent CEO retirement. All of Doorwavs plans alm to maSntaln and improve exlstlng servlces, w￿h an emphasls on quallty processes, young people's feedback and ensuring public benefit, Signed on behalf of Doorwavs Trustees: Signed Dated I Lesley Nelson, Chair of the Trustees 13 Doortvay Annual Report and Flnantlal Statement5 For the year ended to 31 March 2024 Statement of Trustees, responsibllltles The Trustees are required to prepare financial statements for each flnanclal year which give a true and falr view of the State of the affairs of the Charity and of the surplus or (Jeficit incurred by the Charity for that year. In preparlng those flnancial statements the Trustee5 are required to: select Suitable acwuntin8 poliaes and then apply them consistently,. make judgments and estlmates that are reasonable and prudent,. state whether applicable accountlng standards have been followed. Subject to any material departures disclosed and explained in the accounts- and prepare the financial statements on the going Co￿eM basi5 unless It is Inappropriate to presume that the Charity will contlnue to exlst. The Tnistees have overall responsibility for ensuring that the Charity has an appropriate system of controls, financlal and otherwise. The Trustees are responslble for keèping proper accounting records which disclose wtth re?sonable accuracy. at any time, the flnanclal positlon of the Charity and to enable them to ensure that the finantial statements comply w￿h the Charities Act 2011. They are also responsible for safeguardlng the assets of the Charity and hence for taking reasonable steps for the preventbn and detertion of fraud and other Irregularities and to provlde reasonable assurance that: the Charlty Is operating efficiently and effectlvety; its assets are safeguarded agalnst unauthorised use or dlspositlon: proper records are maintained and financial information used wrthln the Charity or for publication is reliable,. the Charity complies with relevant laws and regulations. 14 Doorway Annual Report and Flnancial Statements For the year ended to 31 March 2024 Independent Examinerfs Report to the Trustees of Doonvay I report to the trustees on my examination of the account5 of Doorway I'the CharrtVI for the perlod ended 31 March 2024 which are set out on pages 16 to 27. Re5ponslbllltles and basis of report A5 the charity trustees you are responsible for the preparatlon of the atcounts in accordance with the requirements of the Charlties Act 20111'the 2011 Act'l. I report in respert of my examlnatlon of the Charitys accountscarried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the appllcable Dlrections glven by the Charrty Commlssion under section 14515llb) of the 2011 Act. Independent examlnerfs ststement I have completed my examination. I can confirm that no material matters have come to my attention In connection with the examination giving me cause to belleve that in any material respect.. 11 accountin8 records were not kept in respect of the Charity a5 required by 5ertlon 130 of the 2011 Act,. or 21 the xcount5 do not accord with those records; or 31 the aecounts do not comply wfth the applicable requirements concerning the form and content of accounts set out In the Charlties (Accounts and Report51 Regulations 2008 other than any requlrement that the accounts give a 'true and falrf vlew which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connectlon 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. Signed Dated Paul Catvell 8FP FCA SFB Group Limited Chartered Accountants Manor Court Chambers Townsend Drive Nuneaton WèThiltkshlre CVII 6RU 15 l>oorway Annual Report and Financial Statements For the year ended to 31 March 2024 Statement of flnanclal activities lincorporatlng an Income & expendlture account) C4)n?Iion5 and le4 ChJr6nble aai¥ltle5 Cknertrathr4 alli￿lieS 150y5 1￿9 Gift in *ind A•l$inKf￿ds Chhfltable •oiviiies Other- Gllt in kind io 445.318 765.357 10.045 23.051 J26J34 13ni ToTal lunds bto4th lo￿*rd Trnnsfers betweenlw 407.102 16 OoorwayAnnual Report and finanaal Statements Forthe year ènded to 31 March 2024 Balance sheet Flxed a55ets Tangible assets totalfwed ossets 113.934 CurrÈntassets Debtor5 Cash at bank anLI in hond toto1curt￿t itssets 46,T12 422A05 276An 440,331 323,139 Uabllliles Creditors: amounts lalling due within oTre year 141,702 41.6821 Notcurrentassets 399.129 2815D7 Crèditor5: amounts f411ing due afteroneyear 118631 533.063 The fund50ftheCh￿1ty Vnrestricted income funr15 Designèted Restricted Inrome lunds totalfvftds 244.759 s33,1￿3 406.731 The accompanying accounting poli¢ie5 and notes fonn part of these flnanclal statsments. Approved by the Trustees and signed on their behalf by: Signed Iklko. Dated Le51ey Ne150n, Chair of the Trustees 17 Doorway Annual Report and Financial Statements For the year ertded to 31 March 2024 Notes to the accounts l. Accountlng poll¢les Bash of preparation The financial statement5 have been wepared in accordante with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charlties preparlng thelr accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffectlve l January 20191- ICharltie5 SORP IFR510211 and the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021. The Charity has taken advantage of the provlslons In the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flow& DOO￿aY meets the definition of 3 publlc benefit entity under FRS102. A55ets and Ilabllltles are InftIal￿ recognised at historical cost ortransattion value unless otherwise stated in the relevant accountin8 policy note. Preparatlon of the accounts on a 8olr¥ concern basls The financlal statements have been prepared on a going concern basis which assumes that the Charity will continue to operate. The validity of this assumptlon 15 dependent upon the continuance of support from the ChariVs key grant funders and In response to the progress made by the Charity in pursuing a viable bud8et including the obtaining of further grants and other funds. The ChariV5 current business plan shows that the Charity will be able to operate in the foreseeable future. Based on this understandin& the t￿￿tee5 believe that It remains approprlats to prepare the financial statements on a goine concern basis. The financlal statements do not Include any adjustments. which would result from the ba515 of preparation being inappropriate, RevJ8nltlon of Income These are included in the Statement of Flnanclal Actlvftles {SoFAI when: the Charity becomes entitled to the resources; It Is more likely than not that the trustees wlll recelve the resources,. the monetsry value can be measured with sufflcient rellabillty. Gifts and donated 8ood$ Donated goods are measured at falrvalue (the amount forwhlch the asset could be ex¢han8edl unless impractical to do 50. Resour¢es expended Uabllltles are recognised a5 expenditure as soon as there is a legal or constructlve obllgatlon committing the Charity to the expenditure. All expenditure is accounted for on an accrual's bas15. Resources classified under headlng5 that aggregate all costs related to that category. Where costs cannot be directty attributed to particular headings, they havè been allocated to a¢tivitie5 on a basis consistent wlth use of the resources. In particular. where members of staff are involved in charltable worK fund raising and administration, salary and related wsts have been apportioned betsveen these actlvltles on a basis con5iStent with the use of these resources. 18 DoorwayAnnual Report and Fin8ncial Ststements Forthè yèar ended to 31 March 2024 Notes to the accounts (contlnued) Governance costs All costs Invofving the public accountsbility of Doorway are compllant with regulation and 8ood practi￿. These costs include costs related to statutory audlt and legal fees together with an apportlonment of overhead and support costs. Fundralslng Public fundraising is undertaken through activities in the local community to raise awareness as well as generate Income. Doorway makes grant applications to ensure continuatlon ol services. There are no commercial partnerships or professional fundraiser5 invoived with Doorwav. Depreciation Depreciation is calculated to wrlte down the cost or valuation, less estimated residual value. of all tangible fixed assets with a c05t exceeding£300overthelrexperted useful lfveson a strèlght- Ilne basis. The rates applicable are.. Fixtures & flttlngs Office equipment & computer5 33% Fund accountlnB Detai15 of the nature and purpose of each fund are set out In note 13. When a grant or donation 15 wven to Doorway for a 5peclflc purpose. then those funds are treated as restricted funds. All expendlture Incurred durlng the pertod relatlng to those speclflc purposes are char8ed to that account, and all monies unspent at the end of the period are carried forward as restricted funds. Leaslng Rentals payable under operating leases are charged against incomè on a stralRht-line basls over the lease term. PeMlon costs Doorway pay5 contributions towards defined contrlbutlon penslon sthemes for stsff. The contrib￿l0￿S are paid to pension providers norninated by each member of stsff. The contrlbLrtlons are charged to the Statement of Financial Artlvities in the same period as the respective salary. VAT Irrecoverable VAT Is Included In the cost of those Items to whith it relates, in attordance with standard accounting practlce. Tax•tlon As a registered Charty no provision is considered nece55ary for taxation. 19 Dorxway Annual Report and Financial Statements Forthe year ended to 31 Marth 2024 Notes to the accounts (continued) 2. Income charitable actlvltles 2024 104,694 1,637 Iwjn WCC lrtdep&ntXTh Li¥irw skills Naiion41 N￿eall?￿ & Beth¥orth Boraw Council enrysmith SheldDn Trust Wemern Power Grnnt Wales ts05 Iom io.( ID.L 143.487 143.487 56,4SO SBC Gr•nt WCC LoEal Wellare *herne Alex FerryGrant Baror& Dab*npryVs Chwity 4.775 9.613 770 7esco Grnnt 178 17566 7,038 HousSr¥ b¢nefii and marl￿ement thoryes .343 695A43 575.gn 801J63 15Q525 951388 745.976 20 Doorway Annual Report and Flnandal Ststements For thèyear ended to 31 March 2024 Notes to the accounts (continued) 3. Glft in kind starterpath items 943 4. Expenditure charitable artlvltles 2Q24 Total >J23 Statlcorts Office an&%upPort￿sts 919 919 Athiie, in10r￿.aC¥Q￿ & support Stattcosrs oiri