DocusvJn Envek)pe ID.. B3￿624F-24D84348-B7B8-25D0IC2SF6FF Charity reglstratlon number 1177765 Company reglstratlon number 09911764 (England and Wales) REFUGEES AT HOME LIMITED AUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 REFUGEES "HOME Decusign Envelope ID.. B300624F-24084348-B7B8-25D01C25FfjFF REFUGEES AT HOME LIMITED LEGALAND ADMINISTRATIVE INFORMATION Trustees Sara Nathan Daniel Gerring ICh4irl Rebecca del Tulo Ahmad Al-Rashld Jonathan Hughes (Treasurer) Oliver Bethell Magid El-Amin Rebecca Young Emily Reynold5 Matthew Blacker Ireslgned 2 November 20231 (appointed 12 June 20231 (appointed 12 June 20231 Secretary Rebec￿ del Tufo Charity number 1177765 Company number 09911764 Reglstered office 605 Albert House 256-260 Old Street London United KlnEdom ECIV 9DO Audltor Sedulo Audit Limited 256-260 Old Street london United Kingdom ECIV 9DD Docusign Envelope ID.. B300624F-24D6434&B788-25D01C25F6FF REFUGEES AT HOME LIMITED CONTENTS Page Chèlr'5 Overview Trustees. report statemènt ol tru5tees' responsibilities io Independent auditor's report 11-13 Statement of financial activities 14 Balance sheet 15 Statement of cash flows 16 Notes to the flnanclal ststernents 17-27 DOcus￿n Envelope ID.. B300624F-24084348-B7B8-25D01C25F6FF REFUGEES AT HOME LIMITED CHAIR'S OVERVIEW FOR THE YEAR ENDED 31 DECEMBER 2023 In 2023 it became clear that our work has never been more needed. With the continuation of the war In Ukralne, and sweeplng chan8es implemented by the UK Government, we faced thallenges we had never seen before, 35 homele55ness amongst newly recogni5ed refugees grew massively in the last five months of the year. Our organisation has had to cantinue to thange and adapt to external factors, but our mission to provide temporary hosting opportunitles across the UK has remained at the core of everythlng we dD throughaut. This simple mi55ion has a150 beÈn reafflrmed in the work we have done in 2023 Icontlnulng into 20241 to develop our 2024- 2027 org8nisationzl strategy. The last year has seen our voice and impact being noted acr05S thè sector and beyond. culminating In our being chosen as one of the three charitie5 featured In ThÈ Guardian and Observer Christma5 charity appe412023. Support from this appeal and from many other generous donors. including individuals who are metnbers of our Founders Circle and a number of different trusts and found3tlon5, has allowed us to strengthen our financial position. This. in turn, allows us more conlidentlyto p13n for future growth and development. We have 31s0 continued to receive significant pro bono asslstance. saving us considerable expenditure and helping u5 to ensure the highest standard In all that we do. Cruciallyi we have cantlnued to Invest in our staff, growing to a team of 19 staff members by th@ end of 2023. And we plan to introduce new roles to deliver against our new strategy in 2024 including. crucially. z specialist to help our guests 5ucces5fullv move on from hosting to appropriate long term accommodation. With two new Trustees having joined our board in 2023, and the continued work and commitment of our team of staff, home v151tors, hosts and other volunteers. we are a robust and strong organi5ation, ready for the continued challenges ahead. In 2023, we created 972 placements for 1,173 guests across the UK. Thls means that as at 31 December 2023 we had provided 489,107 nights of hostlng, thanks to our generous h05t5, openinE their home5 to guests. As we said in our annual report for 2022, we planned for 2023 to be a year of consolidation, focu5slng on stablllty for the staff and volunteers and developing a robust Structure and good relationships with our referrers. Thi5 ha5 been 5ucce55fully reflected in ourwork over the ye8r, èlonEside the development of our 2024-27 strategy, as noted above. I would like to eKtend rny slncere thanks to all of our hosts, our other volunteers, and all those who support us flnanclally and In other ways. I would also like to recognise the tireless work of our staff te8m and the special contribution rnade as actlng Executive Director by Carly Whyborn during the maternity leave of our permanenr Executive Director. Lauren Scott. We are lookinE lorw3rd to Lauren returnln8 as CEO in 2024 and to Carly beginninE H new role as our Chlef Operatine Officer. At that point we will have a Senior Executlve team possessing not just one MBE but two as. followinE L3uren belng recognised I 2022, C3rly wa5 awarded the same honour in the King's most recent New Year Honours. Finally, enormous thanks to my fellow Tru5tee5, all of whom have continued to play an important role in Refugees at Homtr's success. n•dby.' 8C!ClRF.￿&?k41%.. Daniel Gerring Chair of Trustees 28/08/2024 Date.. Docvslgn Envelope10.' B3W624F-24D84348-B7B8-25D01C25F6FF REFUGEES AT HOME LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present thelr annual report and financial statements for the year ended 31 December 2023. The flnanclal 5taternent5 have been prepared in accordance wlth the atcountlng policies Set out in note I to the financial Statement5 and comply with the charity's Igoverning documentl, the Companie5 Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities prep8ring their atcounts Sn accordance with the Flnancial Reporting Standard applicable in the UK and Republlc cf Ireland IFRS 1021" Oblectlves and actlvltles The formal Objects of Refugees at Home are the prevention or rellef of poverty ol refugees, those seeking asylum and their dependents in the United Kingdom, forthe public benefit. in particular but not exclusively bv.. fatilltatSng the prov151on ol accommodation by members of the publlc.. the provision ol financial assistance,. and the provision of practical a5S15tance. Our Mlsslon S13temenl 15.. Connecting refugees and asylum seekers in need wlth welcorDlng h05tS. This Is paired with our Vlslon: A society where every rÈfuEee and asylum seeker facing homelessness has a safe place to stsv and a chance to rebuild their life. The context ofourwork There were considerable changes in 2023 to programmes and external factors which influenced the way In which we work.. Changes to Home Office process.. In August 2023, the Home Office drastically increased the number of ijecisions on asylum claims they were makin8 in order to"clear the 3sylurn backlog" of those who had been waitlng years for a decision. Whilst this should have been a happy and relief-filled moment lor so many as they were on the cusp of belng able to work 3nd start their lives anew, in reality this caused absolute panic for the majority of those we went on to h05t, with people initially being given only seven day5 to leave their asylum accommodatlon. The effect of thi5 change in policy had a rjevastating impact on the oreanisations who support refugee5, Wlth demand far outstripping supply of support. The declslon-tnaklng of the Horne Office at thls pace will continue into 2024. The demand for hosting during thls p2riod has continued to grow. Illegal Migratlon Act.. With Parliament passlng the Illegal Migration Act 2023, our future guests currently in the asylum proce55 are left In continued limbo and it rernain5 unclear what will happen next for them. War In Ukralne.. With the continuation of the war in Ukralne, and untertalnty for those living there or in other parts of the world, we have continued to see a high number of requests for help under the Homes for Ukraine scheme. With other countries around the world tloslng their Ukraine response programmes. we have continued to recelve a high number of referra15 from those looking for sponsors to support their arrival In the UK. Other orEani5ation5 who provide matching services for Ukrainians and UK sponsors have reported a signlfitant decrease in the number of hosts they have available to sponsor. Publlt awarenÈss of and engagement with the Ukraine programmes have significantly decreased since the programme opened in March 2022. Ouractlvltles Refugees at Home connetts hosts wlth a Spare room with refugees and people seeklng asylum who are In need of 50rnewhere to stay. Refugee5 and people seeking asylum are fleeinE war or persecution in thelr own countrle5. But many who come to the UK In search of safety find themselves facing homelessness and destitution. They may be without statutory support for long periods or need some additional help to build new lives in the UK. We don't thlnk people who come to the UK for sanctuary should end up on the streets. We recruit and support volunteer hosts who are willing to offer a temporary home and a helping hand. Our role 15 to carefully match each guest and h05t, to assess and prepare guests and hosts and theck èttommodation, and to provide ongoing support to hosts throughaut each Stav. DoGuslgn Envelope 10.. B3LW24F-24D84348-B788-25001C25F6FF REFUGEES AT HOME LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT} ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Ptrtentlal EUÈSts art refÈrrÈd from several sources, 8nd WÈ work with the referrers to check the suitsbility of guests for hosting. Throughout 2023, the number of 5ell-relerred guests we have received has grown as referral partners are either Ilmltlng or tlosing to taklng on new casework. We do not give advlce about Immigratlon Issues. All referrals of guests who do not have refugee status must be made by a case worker before we accept them for hostinE. All our hosts h8ve a home assessment by a person with professional eKperience.' for example, social workers, health visitors, district nurses, rnental health practitioner5 or doctors, usually General Practitioners. Home Vlsltor5 tan asses5 people In their homes or virtually. Hosts cammit to providing a bed, acce55 to the kltchen and bathroorn and 3 welcornlnE srnlle. Mariy glve additional support. such as providing food and help with how to secure a bank account, sign on for work or register with a GP. 2023 Saw change withln the structure ol our team, followlng our year of tonsolldatlon and as we readled ourselves for our new strategy. New layers of supervision and management were created as our team grew. to ensure that we ère able to 5UPPOrt and develop our 5tsff team. We had a successful year of fundraising in 2023, culminating in being chosen a5 one of the Guardian and Observer ch8rities to benefit from their Christmas 2023 fundraising appeal. Our Founders Circle group of regular donors continues to go from strength ta Strength, wlth Gary Lineker lolnSn8 the annual dlnner In 2023. Our flrst ever professlonal fundralser lolned us In 2023, helping us improve further our ability to ralse much-needed funds. When the Home Office chan8ed their process and increased the number of positive refugee status decisions they were making at the end of 2023. we responded qulckly and effectlvely io Increase the number of guests we tould host, and shared the stories of those affected by this change through media and with partners to find solutions to respond to the need and panlc there was across the sector. Who we work wlth We work with a large range of organisations of size and focus across the UK, and have invested our time and resources in expanding these relatlonship5 2023. We work wlth many lotal and natlonal organlsatlons whlch act as rèferrers to our guests who are seeking asylum or require additional Support. We are proud members of the ToEether with Refugees Coalition, working with others across the refuEee and migrant sector to bring about a warm welcome for 311 those seeking sanctuary. We are a founding rnember of the Trauma Treatment Intern3tlonal Hosting Coalitlon, a group of or8ènI5ations working together to ensure hostinE schemes in the UK are trauma-informed. We contribute to the imix and NACCOM networks. sharing our experience and eKpertise. Volunteers We are very grateful to all the volunteer5 who 5UPPOrt our work and our refuEee and asylurn seeker guest5. A particular thank you to all our hosts who so generously open their homes to our guests. We are 81so grateful to our volunteer home visitors who conduct the initial as5e55ment of potentlal hosts. We also extend our thanks to Travers Smith LLP who continue to offer pro bono leEal and other support and are very valuable and generous supporters. Publlt beneflt In plannlng the activities of the charity, the Trustees refer to the guidance issued by the Charity Commission with regard to publlc beneflt. In p3rtlcular, the Trustees consider how planned activities will contribute to the aims and objectives of the charity. The Trustee5 confirm that they have complied with the duty In section 17151 of the Charlties Act 2011 to have due regard to the guidan￿ publlshed by the Charity ComrD15sion. The achievements and artlvitles outlined Sn this report demonstrate the public benefit arising from the charity's activities. Docuslgn Envelope ID.. B300fj24F.24D6434&B7B8.25D01C25F6FF REFUGEES AT HOME LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI ICONTINUEDI FOR TIIE YEAR ENDED 31 DECEMBER 2023 Ach12vements and performance Our hosts We now have a network of over 2,000 actwe ho5t5 across the UK. Whllst not all of thEm are avai13ble at 311 times. we are increa£lngly seeing a geographic spread in the hosts who so kindly open their doors to gve5t5. We have adapted our hosting model to be able to support a higher tasÈload of self-referred guests, where our increcSible Placement Team provide 5UPPOrt and slgnpostlng throughout the placement. a5 referral partner5 continue to be overwhelmed by the need for places for homeless refugees. Where our hosts are located.. 31 We have developed rnore 5UPPOrt for our hosts, through the creation of new support hub5 in Sheffield, Scotland, Manthester and Kingston. We continue to develop these hubs in 2024. We have created resources for supportlng guests at Christmas 3nd Ramadan. and guides for understanding the Homes for Ukraine scheme and the chan8Ès to asylum decisions in the UK. These resourtrs h3ve been distributed via our newly redes￿￿ed website. Location of our Hubs,. Monchpslor Narth L•ndDn S¢otlond Shoffl•ld W•￿10￿d Docuslgn Envalope ID.. B300624F.24D84348-B788-25D01C25F6FF REFUGEES AT HOME LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Our uests We received 2,744 referrals in 2023, an IncrÈase of IO% from those we recelved In 202212,4921. We were able to make placements for 35% of those referrals. Sometime5 we offer a hostlng placement but it is no longer required a5 the guest's circumstances have changed. or it is not suitable for the guest, and increasingly we see hosts not havlng space for the13reer famllle5, Wlth Ilmlts placed on who can share room5 under the Homes for Ukralne Scheme. 61% of our total referrals were self-referrals. made by Éue5t5 themselve5, rather than being supported by an organisation or caseworker. We made 979 placements in 2023 for 1.179 guests. resultlng In 145,175 placement nights acr055 the UK. Our average length Of stay in 2023 was 94 day5, 3 decrease from 2022, demonstrating the increase In guests from outside the Ukralnlan programrnes (who must be hosted for 6 months or morel. We have hosted guest5 from 49 countries this year. The profile and demographic of guests who are hosted saw sorne change through 2023. Whllst the rnajorlty of our guests continue to arrive through the Homes for Ukralne Scheme, we have a far higher percentage of Èuests with refugee 5tatU5. When we look at the guests WÈ h05ted in 2023, the majority are single people and we have returned to hosting more men than women,. thSs15 Ilkely to be because of the Increase In the number of guests who have been newly granted refugee status In the UK. We record the 8ge of our lèad gue5t5, Wlth the average age of 8 Refugees at Horne guest being 32. Nationality of guests 2023 (top 15) .YeTh .K Immigration Status of Hosted Guests Asylum seeker Family Reunification Human Rights ApplSiatlon Humanltèrlan Protection Indefinite Leave to Remaln other Overstayer Refugee Refused Asylum Clalm Renewed Asylum Claim Spousal Visa Stateless Student Vis3 Survivor of Trafflckin Ukr8Inlan Family Vis3 Ukrainian SpDnsorshlp scheme Unclear Voluntary Return Docuslgn Envalopa ID.. B300624F-24D84348-B7B8-25D01C25F6FF REFUGEES AT HOME LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Hosted guest unit Gender of lead hosted guest Adults and children Sender 1% referred gue5tl IReferred GJe5ti | Female Couples Other Single gue5t5 Male Age of Lead hosted guests 18-24 25-34 35-50 51-64 65-80 80+ Staff team Our staff tearn £ontlnued to develop through 2023. wlth a new structure Introduced where our team can develop their roles further. We continue to increase the diversity within our staff team. wlth over 60% of our team not belng born in the UK, and many wilh lived experience of seeking asylum in the UK. Our team attended a range of tralnlng In 2023, Including sesslons on the Immlgratlon system In the UK. housing expertise. trauma-informed working, and coaching, as well 35 management and supervision training. Lauren Scott, our EKecutlve Director. was on maternity leave from April 2023. In her absence our Deputy Director, Carlv Whyborn, took on the role. We're exclted for Lauren's return In mld-2024. wlth Lauren and Carly forming 3 Strong Executive Team as CEO and COO re5pectivelv. L)ocusign E￿velope ID.. B300624F.24D84348-B7B6-25D01C25F6FF REFUGEES AT HOME LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Fundraisin achieved a inst ob'ectives set In 2023, we saw a significant drop In Income tompared to 2022. This was anticipated as 2022 saw a huge increase in donations to support us In dellvering a speedy re5pon5e lollowinE the invasion of Ukraine. However, we continued to fundraise throughout the year znd in Autumn 2023 appointed our flrst In-house fundraiser. This change in how we manage our fundraising lays the groundwork lor future year5 and will support us to raise the funds to dellver our ambitious three-year strateEV. Our 5urnmer Crowdfunder focused on ralsing support for further host recrvitment and was fronted by our P13cement Coordinator Milad Amerifar. We were delighted to meet our fundraising target of £20.000. We are very grateful for our continued funding from Marie Louise von Moteslczky Trust, the Emmanual Kaye FOUndat￿n. the Tolklen Trust arld the Michael and Betty Little Trust. We have recelved over £180,000 from Trusts and Foundations 2023. This funding has enabled us to expand our staff team, ensuring that we are able to respond to the growing Tefugee homelessnes5 we have seen in 2023. Our generous Founders Circle came together In November for our annual dinner and were joined by Refugees at Home host, Gary Lineker, and his former guest. Once agaln, we were Erateful for the support of Travers Smlth who h05ted the event so that It tould. agaln, take place at no cost to Refugees at Home. It was a dellght to see many of those who have supported us since our early days alongside new supporters. and we were heartened by the pledges of continued support. A5 ever. we are grateful to all those Indlvlduals who have 5UPPOrted u5 through the year. whether through donatSons, events, or In-klnd support. Flnanclal revlew Flnonciolposltlon Income for the ye3r totalled £523,06812022.. £1,333,807) of which £156.57012022.. £102,482) wa5 restricted and £366,498 12022.. £1,231,325) was unrestricted. Expenditure totalled £834,70612022.. £728,902) of which £143.25812022.. £102,4821 was restricted and E691,44812022.. E626,4201 wa5 unrestricted. Funds carried forward at the end of the period totalled £831,44512022.. £1,143,0831, of whlth £13,312 was restricted and £818,133 was unre5tricted12022.' all funds unrestrictedl. Going concern After making approprlate enqulrle5, the Trustee5 have a reasonable expectatlon that thÈ Charlty ha5 adequate rescurces to tontinue in operational existence for the foreseeable future. For this rea50n they continue to adopt the going concern basis in preparing the financial statements. The Charlty Is tontlnuously monitoring its expected income levels, and operatianal targets are set In order to ensurè the ch3rltV 5ecure5 Sufficient funding to fulfil its ongoing obllgatlOll5. Further details regardin8 the adoption of the going can￿rn basis can be found in the Accountlng Poll¢ie5. Reservespolicy At the end of 2023 we held £818,133 in unrestrlcted reserves12022.. £1,143,083). This reduction reflects a return to a more normal funding environment comblned wlth higher expenditure on staff and rent versus 2022, from operatlng wlth a larger team for a full year. In October 2023, the trustees changed the charity's reserve5 policy from holding nine mcnths, reserve5 to holdinE months. reserve5, to enable u5 to undertake further projects to expand the sc31È of the charities activities whilst retaining a prudent level of funds against 3 sudden drop in incomÈ. Prlncl al fundln sources Our princlpal funder5 in 2D23 were Marie Louise von Motesiczky Trust. the Emmanual Kaye Foundation, the Tolklen Trust and the Mlchael and 8etty Little Trust. as noted above in the Fundraisln8 report. We also continue to have strong support frorn individuals via JustGiving, My Donate, Facebook and standlng order5 paid directly into our bank account. as well 3s from our generous Founder5 Clrcle. DocUs￿n Envebpe 10.. B300624F-2408-4348-8788-25D01C25F6FF REFUGEES AT HOME LIMITED TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Plans for future perlods The need for hostlng h8s never been greater, and we have been at the forefront of hostlng for 50tne years. As noted In our annual report for 2022, we planned for 2023 to be a year of consolidation, which was the focus of ourwork through the year. In November 2023 we began the process to develop a three-year strategy for 2024-2026. We have developed an ambltlo*Js strategy for the next three years to enable us to respond well to the needs of refugees and people seeking asylum in a fast- ¢h4nElng landscape. Our 3-year strategyfocusses on.. Growth - we want to contlnue to be the largest hostlng organisation In the UK, and we have ambitions to be hostlng 2,￿0 people simultaneou51y. We will be substantially Increaslng our network of hosts across the UK. Host eXPerien￿- we will equip our hosts with the information. support and guldance they need. WÉ wlll centre thelr experience at the heart of our work. Guest experience-we will listen to and learn from our guests, working alongside them to ensure the hostlns we offer Is as posltlve an experlence as posslble. Underpinning all of thls wlll be robust and effective sy5tern5, diverse fundinE Streams and great governan￿, as well as demonstrably valuing the people who make up our team. We will continue to grow and improve our standing. identity and collaborative working in our sectors. Structurei governance and manaEement Refugees at Home a tompany limited by guarantee and a reE15tered charity. It operates according to its Memorandum and Articles of A550ciation, as amended in December 2018. The tru5tee5, who are a150 the directors for the purpose of company law. ènd who served during the year and up to the date of signature of the financial statements were.. Daniel GerrinE (Chairl Ahrnad Al-Rashid Rebecca del Tufo Sara Nathan Jonathan Hughes (Treasurer) Oliver Bethell Magid El-Amin Rebecca Young M3tthew Blacker Emlly Reynolds (Resigned 2 November 20231 (Appointed 12 June 20231 (Appolnted 12 June 20231 Recruitmentandappointment of trustees In 2023, we were dellghted to be appolnt two new Trustee5. Emily Reynolds, a former h05t and home visitor for Refugees at Homep joined the Board ol Trustee5 in the role ol our Safeguarding Trustee, and Matthew Blacker brings strone operatlonal and leadership experience in the charity sector. Our Fundraising Trustee, Becki Young. stepped down In 2023. We are Incredlbly Erateful to her for her work and Euldantr and are currently recruiting her replacement. DocusvJn Envelope ID.. B300624F.24D6434&B788.25D01C25F6FF REFUGEES AT HOME LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Orgonisutionolstructure The b03rd ol trustee5 focusses on Strategic decision-making. as well as supporting the senior leadershlp team and the staff, acting where relevant as a 'critical friend,. The Operations sub-committep cons1St5 01 three trustees and the Executive DirÈctor,' the board delegates day-to-day decSsltrns to the OperatlOn5 sub-committee andlor the Senior leadership team las appropriate and confirmed in writing). There are also sub-committees Icomprising trustees with relevant experlence and the Executive Director) coverlng People, Comms. IT and Fundrai£lng (thi5 5ub-comtnittee also includes volunteers and the Fundraislng Manager). Overarching decisions ale brought to the board, with day-to-day decisions made by the sub- committees. The Chzir calls ad hoc sub-committees as necessary. All sub-committees report back to the board. Remunerotion policy In 2023. we reviewed ènd increased the salary pay scales. We awarded cost of Ilvlng Increases and performance-related ncreases wlthln the team. We a150 Introduced a new benefit5 packaEe. We are very grateful to all our staff for their incredible work in 2023, under great pressure as so muth change ha5 take place within our sector and many more people in need of help approath us. We hope to contSnue to support them in their work and to value thetn and their health 35 well a5 the work they do. othermutters Risk management The tru5tee5 have a duty to identify and review the ri5k5 to which the charity is exposed, and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. These duties are met by a rpgular review of our risk assessment pracedures and policies, and by ongolng monitorinE. One of our trustees is tasked with risk management and produ￿5 our annu31 risk reEiSter. which is reviewed by all trustees and the Executive Director. Throughout 2023. the trustees were mindful of the risk inherent for a small charity operating at capacity in a ch4nEing land$￿pe. These risks were regularly discussed by the board and small chan8e5 were tnade quicklyi 45 nece55afyi to mitigate nd appropriately balance th05e risks, namely.. Operational The risks to our refugee and asylum seeker guests If safe hostlng accommodatlon Is not avallable to them, mitigated by scaling up the team processing new hosts. The rlsk to aur staff of burnout and stre55 when they are working in a difficult and stressful situation.. mitigated by putting in place employee training and additional supervision in their roles. Safety-The risks to the charity of acting too fast or making mistakes.. mltigated by scallng up when resaurce5 were In place, and by havlng pollcle5 and processes to deal with any h05tinE-related issues. Reputational The risk ol any errors. or indeed of acting too slowly in the face of a humanitarian crisls. MitlEated by our investment in new systems. having expert15e and policies on medla enga8ement. and deallng swlftly and efflclèntly wlth comp131nts. Auditor In accordance wlth the Company's artltles, a resolutlon proposlng that Sedulo Audit Limited be reappointed as auditor of the company will be put at a General Meeting. The tru5tees' report wa5 approved by the Board of Truttees. 81gnid by.. Jonathan Hughes (Treasurer) Trustee 8/2812024 Date.. REFUGEES AT HOME LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees, who are also the dlrectors of Refugees At Home Limited for the purpose ol company law, are responslble for preparlng the Tru5tees' Report and the lin3nC1315taternent5 In accordante wlth appllcable law and Unlted Kingdom Accounting Standards Iunlted Klngdom Generally Accepted Accounting Practice). Compèny Law require5 the trustees to prepare financial statement5 for each financlal year which glve a true and fair view of the stat2 of affalrs of the charlty and of the incoming resources and application of ￿59￿rte£, Intludlng the IncomÈ and expenditure, of the charitable company for thatyÈar. In preparlng these finènclal statement5, the trustee5 are required to.. select suitable accounting policie5 and then apply them conslstÈntly,' observe the rnethod5 ?nd princlples In the Charltles SORP.. - make ludaÈments and estlmètes that ère reasonable and prudent., state whether applicable UK Accounting Standards havÈ been followed, subject to any material departures disclosed and explalned in the flnanclal statements.. and prepare the financial statements on the golng concern basls unless It Is Inappropriate to presume that the charity will continue n opEratlon. The trustees are re5pon5ible for keeplng adequate accountlng records that dlsclose with reasonable accuracy at any time the financlal posltlon of the charity and enable them to ensure that the financial statements tomp5y with the Companles Act 2006. They are a150 responsible for safeguarding the assets of the charity and hence lor taking reasonable steps for the preventlon and detection of fraud and other irrÈgularltiÈs. In sofora5 the tru5tee5 ore (Fwore.. there is no relevontauditinformation of which the churitJJuLUA,.4j Sedulo Audlt Llmlted Statuto¥y Audltor 605 Albert House 256-260 Old StrÈet London Unlted Kingdorn ECIV 9DD 28 August 2024 Sedulo Audit Limited 15 eligible for appolntment as audltor ol the charity by vlrtuÈ of it5 eligibilityfor appointment as auditor of È eompany under section 1212 of the Companies Act 2006. 13- D￿Ustyn Envelope IO.. B300624F-24D84348-B7B8-25001C25F6FF REFUGEES AT HOME LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted funds 2023 Re5trlcted fuhds 2023 Total un￿$1￿1tted funds 2022 Restrlded funds 2022 Totsl 2023 2022 Notes Income from: Donations and legacies Other trading activitie5 Inve5trnents 346,151 2.867 17,480 156,570 502.721 2.867 17.480 1.223,428 3,072 4,82S 102,482 1.325.910 3.072 4,825 Totsl Income 366.498 156.570 523,068 1,231,325 102,482 1,333,807 Expendlture on.. Raising funds 14,625 676,823 14.625 820.081 143.258 626.420 102.482 728,902 Total expendlture 691,448 143.258 834.706 626.420 102,482 728,902 Net Incomellexpendlturel and movement In funds 1324,9501 13,312 1311,6381 604,905 604,905 Reconclllatlon of funds: Fund balances at l January 2023 1,143,083 1.143,083 538.178 538.178 Fund balances at 31 December 2023 8J8,133 13,312 831,445 1.143,083 1,143.083 The statement of financial activities includes all gains and losses recoEnised in the year. All incorne and expenditure derlve from continulng activltles. 14- t)¢cuslgn Envalopa ID.. B300624F-24D8434&B7BB.25DOIC25F6FF REFUGEES AT HOME LIMITED BALANCE SHEET AS AT31 DECEMBER 2023 2023 2022 Notes Flxed assets Intangible assets 14 69,898 56.682 Current assets Debtor5 InvÈstment5 15 16 31,441 340,0 441,009 5,134 Cash at bank and In hand 1.185.039 812,450 150.9031 1,190,173 1103,7721 Creditors: amounts falllng due wlthln one year 17 Net cut￿#t asset5 761.547 1,086,401 Total assets less curreht Ilabllitle5 831,445 1,143,083 Net a55ets 831,445 1,143.083 The fund5 of the charltv Restricted Income fund5 Unrestricted funds 20 13,312 818,133 1.143.083 831.445 1,143,083 The company is entitled to the exemption from the audlt requirement contained in sectlon 477 of the Companles Act 2006, for the year ended 31 Deiember 2D23, although an audit has been c8rried out under sectiati 144 of the Charities Act 2011. The directar5 acknowledge their responsibilities for complylng wlth the requirement5 01 the Companies Act 2006 wlth respect to accounting records and the preparation of flnanclal 5t3ternents. The member5 have not required the company to obtain èn audlt of It5 flnanclal statements under the requirements of the Companies Act 2006, for the year in question in accard3nce with section 476. These flnanclal 5taternent5 h4ve been prepared in accordance with the prov151ons applicable to companies subject to the small companie5 regime. 8/28/2024 The financial statements were approved bythe tru5tee5 On PEaP23PA¢O174BIT'. Jonathan Hughes ITreasurerl Trustee Company reglstration number 09911764 (England and Wales) 15. Docusign Envelope ID.. B3￿624F.24D84848.￿7B8.2soO1C25F6FF REFUGEES AT HOME LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Cash flows from operatlng activitles Cash (absorbed byll8enerated from operatlons 25 1390,9101 702.680 Investlng actlvltles Purchase of intangible assets Purchase of investments Investtnent income received 130,6001 1340,0001 17.480 160,1201 4.825 Net cash used In Investlng actlvltles 1353,1201 155,2951 Net cash used In Ilnanclng actlvltles Net Idecreasellincrease in cash and cash equivalerbts 1744,0301 647.385 Cash and ￿$h equlvalent5 at beginning ol year 1.185,039 537.654 Cash and cash equlvalents at end of year 441,009 1.185,039 16- D￿￿Sign Envebpe ID.. B300624F.24D64348-B7B8-25D01C25F6FF REFUGEES AT HOME LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles Charlty Informatlon Refugee5 At Home Limited is a private company IITnited by guarantee incorporated in England and Wales. The reglstered office is Office 605 Albert House, 256-260 Old Street, London, ECIV 9DD, England. 1.1 Accounting convention The flnanclal 5taternents have been prepared In accordanie with the ch3ritV'5 Igoverning documentl, the Companies Act 2006, FRS 102 'The Flnancial Reportlng StaDd3rd applicable in the UK and Republic of Ireland- I-FRS 102.1 and the Charities SORP 'Accounting and Reporting by Charities.. Statement of Recommended Practice applitable to tharlties preparlng their atiounts in actordatite wlth the Financial Repartlng Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 20191, The ch3rity Is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling. which is the functional currency of the charlty. Monetary amounts In these financlal statements are rounded to the nearest £. The financSal staternents have been prepared under the histarical c05t convention. The principal accounting policies adopted are Set out below. 1.2 Golng concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has dequate resources to Continue in operational existence for the foresee3ble futur2. Thus the trustees tontlnue to adopt the going concern basis of accountlng In preparlng the financial 5tHtements. 1.3 Charltable fund5 Unrestricted funds are available for use at the dlscretion ol the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific condition5 by donors or grantors as to how they may be used. The purposes 3nd use5 01 the restricted funds are Set out in the notes to the f￿Nancial Statements. Endowment funds are subject to speciflc condltlons by donors that the capltal must be malntalned by the charitv. 1.4 Income All Income is recagnlsed In the Statement of Fin3nci41 Activities once the charity has entitlement to the funds. it is probable that the income will be received and the amount can be measured reliably. Donatlons and legacles Donations are recognised when the charity hzs been notifi'ed in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charlty 15 entltled to the funds, the incorne 15 deferred and not recognised until either those conditions 3re fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Grants Grants receivable are recognised when the charity becomes L¢nconditionally entitled to the grant. D￿usIgn Erwek)pe ID.. B300624F-24D84348-B7B8-2SD01C25F6FF REFUGEES AT HOME LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policle5 Icontinuedl Deferred Income Deferred Income represÈnts amounts received for future period5 and 15 released to Incomlng resourcès In the period for which, it ha5 been received. Such Intatne is only d@ferred when.. The donor specifies that the grant or donation must only be used in f￿t￿re accountlng perlods,. or The donor has Imposed condltlons whlch must be met before the charity has uncondltlonal entitlement. 1.5 Expenditure Li3bilitie5 are recognlsed as expenditure 35 soon as there is a legal or constructive obligatlon commlttlng the charlty to that expenditure. it 15 probable th3t a tr?nsfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure 15 accounted for on an accrua15 basls and has be@n classified under hezdinE5 that aggreg3te all cost re13ted to the cateeory. Where costs cannot be directly attributed to partlcular headlngs they have been èllocated to activities on a ba515 con515tent wlth the use of resources. Charitable actlvltles Ch8ritable expenditure compri5e5 those costs Incurred by the charity in the delivery of its activities and 5ervites for Its beneficiaries. It includes both costs that can be allocated directly to such activities and those C05t5 of an Indlrect nature necessary to support them. Support and governance costs Support Costs are those that a$51st thÈ work of the Charity but do not directly represent charitable actlvities. They ère incurred directly in support of expenditure on thÈ objects of the Charity and include project management. Where support costs cannot be directly attributed to partlcular headings. they have been allocated to expendlture on raislne funds and expenditure on charitable activitie5 on a basls cons15tent wlth use of the resources. Governance costs are thosè IncurrÈd In connectlon with the running of the Charity and compliance with constitutional and statutory iequirements. 1.6 Intanglble flxed assets otherthan goodwill Intangible assets acquired Separately from a bu£lness are retognlsed at cost and are subsequently measured at C05t less accurnulated amortlsation and accumulated impairment Ios5e5. Amortisation is recogni5ed so as to wrlte off the Cost or valuation of assets less their residual value5 over their useful Ilves on the following bases.. Software Development over 5 years 1.7 Impairment of Ilxed assets At each reporting end date, the charity review5 the carrying amounts of its tangible and intangible assets to determine whether there Is any Indicatlon that those assets have suffered an impairment loss. 1f any such Indicatlon exists, the recoverable amount of the asset Is estimated in order to determine the extent of the impairrnent1055 Ilf any). 1.8 Cash and cash equivalenls Cash and tash Èqulvalents include cash in hand, deposits held at call with banks, othEr short-term liquid investments with original maturities ol three monrhs ar less, and bank overdrafts. Bank overdrafts are shown within borrowlnE5 Sn 18- OoGusign Erwek)pe ID.. B300624F.24D84348.B7B8.25D01C25F6FF REFUGEES AT HOME LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollcles Icontlnuedl 1.9 Flnanclal Instrument5 The charity has elected to apply the provisions of Section 11 'Baslc Flnanclal Instruments, and Section 12 '0ther Financial Instrument5 lssue5' of FRS 102 to all of its financlal Instruments. Financial instruments are recognised In the charitV'5 balantr sheet when the tharity becomes party to the contractual provisions of the instrument. Financial assets 3nd liabilities are offset, with the net amounts presented In th2 financi315t3tements, when there is a legally enforceable riEht to set off the recognised amounts and there15 an intention to settle on a net basis or to rea115e the 855et and settle the liability slmultaneouslv. 8osicfinunclolussets Basic financial asset5, which include debtors and ￿sh and bank balances, are initially measured at transaction price IncludinE transaction costs and are subsequently carried Bt amortised cost usine the effective Interest method unless the arrangement constitutes a fin3ncing transaction. where the tr8nsaction 15 measured at the present value of the future receipts dlscounted at a rnarket rate of interest. Financial assets classified as receivable within one year are not amortlsed. Bosl¢Alnunclulllubilitles Basic finènci81 li3b115tlÈs, Includlng creditors and bank loans are Inltlally recognised 4t transaction price unless th arrangement constitutes 3 financing transaction, where the debt instrument is measured at the present value ol the future payments discounted at a market rate of Interest. Flnanci31 liabilities classified as payable wlthln one ye4r are not amort15ed. Debt Instruments ale subsequently carried at amortlsed tost. uslng the effectwe interest rate method. Trade creditors are obligatlons to pay lor Eoods or services that have been aCqui￿d in the ordinary course of operations from 5upplier5. Amounts payable are classified as current Ilabilitie5 if payment is due within one year or les5. If not, they are presented as non-current IlabllltlÈs. Trade creditor5 are recognised initially at transactlon prlce 3nd subsequently measured at amortlsed c05t Using the effective interest method. DeretognltAon ofAlnanclolliubilities Flnancial liabilities are derecognised when the charity's contrattual obligations expire or are discharged or tèncelled. 1.10 Employee benefits The c05t ol any unused holiday entitlement is recognlsed In the period in which the employee's servlces are re￿]ved. TerminatlDn benefits are recoEni5ed immediately as an expense when the charity is demonstrably commltted to termlnate the etnployment of an employee or to provlde termlnatlon benefits. 1.11 Retlrement benefit5 Payments to defined contrlbutlon retirement benefit schemes are charged as an expense a5 they fall due. Change in accountlng policv The trustees have reviewed the useful Ilfe of the software development and conslder that ¥educlng from 10 years to 5 years provides a More accurate reflection given the constsnt changes In the technology market. No adjustment 15 required lar prioi periods. 19- Docuslgn Env8lop8 ID.. B300624F-24D84348-B7B8-25D01C25F6FF REFUGEES AT HOME LIMITED NOTES TO THE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 CrStlcal accountlng e5tlmates and judgements In the application of the charity's accounting policie5, the tru5tee5 are requlred to make judgements, estlmatès and assumptions about the carrying amount of assets and liabilitie5 that are not readily apparent from other Sources. The e5tltnates and assoclated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results m?y differ from these e5timate5. The estimates and underlying assumptlons arÈ revlewed on an ongoing basls. RevisSons to accounting estimates are re£ognised in the period in which the estimate 15 revised where the revi5ioD affects only that ppriod, or In the perlod of the revlsion and future periods where the revision affects both current and future period5. Income from donations and legacie5 Unieslrlcted funds Re5trlcted funds Total Unrèstrlcted lunds Restrlcted funds Totsl 2023 2023 2023 2022 2022 2022 Donatlons and glfts 221,998 32,693 55,210 36,250 221,998 32,693 55.210 192,820 428.429 40,034 5.000 749,965 428.429 40,034 S.￿0 852,447 Legacies receivable Grants 156,570 102,482 346.151 156,570 502,721 1.223.428 102.482 1.325.910 Income from other trading activities Unrest¥lttèd funds UnrestrlttÈd funds 2023 2022 Shop Income 2,867 3,072 Income from Investments Unrestrlcted fund5 2023 Unrestrlcted funds 2022 Interest receivable 17,480 4,825 20- Docuswn Envelope ID.. B300624F-24D84348-B7B8-25D01C25F6FF REFUGEES AT HOME LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Expendlture on ralslng funds Unrestrlcted funds 2023 Unrestrlcted funds 2022 Raising fund5 FundraSslng costs 14.625 Experbditure on charitable actlvltles Ar¢omModatlon Accommodation & a55istsnce & asslstance 2023 2022 DITect C051s Staff c05t5 547,754 238.323 488,618 215,086 Delvery ol accommodation & assistsnce 786,077 703,704 Share of 5UPPOrt and governance costs Isee note 91 Support Governance 17,384 16,620 3,438 21.760 820,081 728.902 An31ys15 b¥lund Unrestricted funds Restricted funds 676.823 143,258 626,420 102.482 820,081 728,902 21 DoGuslgn Erwek)pe ID. B300624F-24D84348-B7B8-25DOfjC25F6FF REFUGEES AT HOME LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Support Costs allocated to activltles 2023 2022 Depreciation Governance costs 17,384 16,620 3.438 21.760 34,004 25,198 Analysed between: Accommodation & a5515tance 34,004 25.198 2023 2022 Governance costs comprlse.. Audit fees Accountancv 12.6 4,020 18,000 3,760 16,620 21,760 10 Net movement in fund5 2023 2022 The net movement in funds is stated after char8ingllcreditingl.. Fees payable for the audit of the Charity's linanclal statements Non-audit accountancy Services Amortlsation ol intangible a55ets 12,600 4,020 17.384 18,000 3.760 3.438 li Trustees Nontr of the trustees lor any persons connected with theml received any remuneration or benefits from the charity during the year nor for the year ended 31 Trecernber 2022. Trustees, expenses There were no trustee5' expenses paid for the year ended 31 D2cember 2023 nor for the year ended 31 December 2022. 12 Employee5 The average monthly number of employees during the year was- 2023 2022 Number Number Accommodation & assistance 18 18 -22- Docuslgn Envebp&10.' B300624F-24D84348-B7B8-25DOIC25F6FF REFUGEES AT HOME LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Iz Employees Icontlhuedl EmploymeTht Costs 2023 2022 WagÈs and salarles Social security costs Other pension costs 493.844 42,736 11.174 438.532 41.468 8,618 547,754 488,618 There were no employees whose annual remuneratltrn was rnore than £60,000. Remuneratlon of key management personnel The charity considers its key management personnel tts comprlse the Trustees, Ex￿UtiVe Director and Deputy Director. The total employrnent benefit5 employee benefit5 (including employer's national insurance and penslons tontribution51 re￿ived by Key Management Personnel in 2023 was £106.35212022.. £74.9551. 13 TaxatioTr The charity is exempt from taxatlon on Its attlvltles because all it5 Sncome is applied for chèritable purposes. Intanglble flxed assets Software Development Cost At l January 2023 Additions- sepzrately acquired 60.120 30.600 At 31 December 2023 90,720 Amortlsatlon and Impalrment At l January 2023 Amort15ation charged forthe year 3.438 17,384 At 31 December 2023 20.822 Carrying amount At 31 December 2023 69.898 At 31 December 2022 56,682 -23- Docuslgn Envelopa ID.. B300624F-24D84348-B7B8-25D01C25F6FF REFUGEES AT HOME LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Debtors 2023 2022 Amounts lalllng due wlthln one year.. Other debtors Prepayments and accrued income 1,059 30,382 5,134 31,441 S.134 16 Current asset Investments 2023 2022 Unlisted inve5tment5 340,OCK> 17 Credltors.. amounts falling due wlthln one year 2023 2022 Note5 Othertaxation and sotla1 securSty Oeferred income other creditors Accrued expenses 11,952 20.088 2,962 15,901 12,331 66.482 3,478 21,481 50.903 103,772 Deferred Income 2023 2022 Deferred grant Income 20.088 66.482 Deferred income is included in the financial Statements a5 follow5.. 2023 2022 Deferred Income15 Included wlthln.. 20,088 66,482 Movements in the year.. 24- Docusign Envelope ID.. B300624F.24D84348-B7B8-25D01C25F6FF REFUGEES AT HOME LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 18 Deferred income Icontlnuedl Deferred Income at l January 2023 Released from previous period5 Resources deferred in the year 66,482 166,4821 2D,088 66,482 Deferred income at 31 December 2023 20,088 66,482 19 Retlrement benef51 schemes 2023 2022 Defined contribulion Schemes Charge to profit or1055 in respect of defined contribution schemes 11,174 8.618 The charity operates a defined contributlon penslon scheme for all qualifying employees. The assets of the scheme are held sepèr3tely from those of the ch?rity in an independently administered fund. 20 Restricted funds The restricted funds of the charlty cornprise the unexpended balances of donatlons and grants held on trust subject to speciflc condltion5 by donors as to how they may be used. At l January 2023 Incoming e50urces Resources At 31 Detembei expended 2023 Marle-Louise von Motesiczky Charitable Trust Emmanuel Kaye Foundation Tolkien Trust 86,570 50,000 20.000 186,5701 150,0001 16.6881 13,312 156,570 1143,2581 13.312 Prevlous year.. At l January 20ZZ Incomln8 resources ResoU￿e$ At 31 December eypended 2022 Marie-Laulse von Motesiczky Charitable Trust Choose Love LandAid London Catalyst Ross Family Charitable Trust 66,482 10,000 5,000 1,0 20.000 166,4821 iio,0001 15,0001 (1.0001 iio.0001 102,482 IID2,4821 -25- Docusiga Envebpe ID.. B30(K24F.?4D&4348-B788-25D01C25F6FF REFUGEES AT HOME LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 21 Unrestrlcted funds The unre5trlcted fund5 01 the charity comprise the unexpended balances of dDnatlons and grants whlch are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been sÈt asSde out of unrestricted funds by the trustees for specific purposes. At l January 2023 Incomlng resources Re$ourtes At 31 December expended 2023 General funds 1,143,083 366,498 1691,4481 818,133 Previous year.. At l January 2022 Incoming resources Resource5 At 31 December expended 2022 General funds 538,178 1,231,325 1626,4201 1.143,083 22 Analysls of net assets between funds Unrest¥ltted funds 2023 Restricled lunds 2023 Total 2023 At 31 December 2023: Intangible fixed assets 69,898 748,235 69.898 761,547 13,312 818,133 13,312 831,445 Unrest¥ltted f￿ndS 202Z Restrlcted lunds Total 2022 2022 At 31 December 2022: 56,682 1,086,401 56,682 1.086.401 1,143,083 1,143,083 23 Llmlted by guarantee The company is a private company limited by guarantee and Consequently does not have Share capital. Each of the members is liable to contribute an amount nor exceeding El toward5 the asset5 of the company in the events of Ilquldatlon. At the balance sheet date there were 912022.. 111 guaranteeing members. -26- DoGuslgn Envelope ID.. B300624F-24D84348-B7B8-25D01C25F6FF REFUGEES AT HOME LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 24 Related party transactlon5 In thE year end@d 31 December 2023 the charlty recelved unrestrlEted donatlons totalling £3,05012022.. £3,800) from the following trustees.. Sara Nathan.. £3.050 In the year ended 31 DÈcember 2023 the charlty received an Interest free loan from Jonathan Hughes, a trustee, totalling £50,000. The loan wa5 a short-term loan to provlde cash pending the rn3turity of a fixed terrn deposit and wa5 repaid in full in the year. Jonathan Hughes received no remuneration or other benefits in relation to provislon of the loan. At the balance sheet date the amount outstanding in relation to the loan was Enil. 25 Cash generated from operatlons 2023 2022 (Deficitllsurpus for the year 1311,6381 604.905 Adjustments for.. Investment income recognised in st?ternent of flnanclal activitie5 Amortlsation and Irnpalrmènt of IntanÉlble assets 117,4801 17,384 14.8251 3,438 Movements in workine capltal,. Ilncreaselldecrease in debtors (Decreasellincrezse in creditors IDecreaselfincrea5e in deferred incame 126,3071 16.4751 146,3941 3,215 29.465 66,482 Cash (absorbed byllgenerated from operatlons 1390,9101 702,680 26 Operatlng lease wmmltment5 At the reportlng end date the charlty had outstandlng commltments for future mlnlmum lease payments under non- cancellable operating leases, which fall due 35 follow5.. 2023 2022 Within ontr year Between two and five year5 50,773 31,680 82,453 -27-