Company R￿l$tration Number: CE014235 Charity No: 1178557 REPORT OF THE TRLSTEES UI%ALwfTED FTNLNCIAL STATEMENTS FOR THE YEAR EM)ED 31- MARCH 2024 FOR CONTACT Aitssworths Limited Charter House Stansfield 8treet Nelson IAncasbire BB9 9XY CONfACT CONTEIYTS OF THE FLNANCIAL STATEMEYTS FOR THE YEAR ENDED 31ST MARCH 2024 Report of the tn]stees Independent examiner's reE￿ to the trustees of Cotttact Statement of fuwi¢iaL activiti¢s io li Ststement of fi[w￿la1 positiotL Notss to the fu￿Le￿al statemet 12 13-22 CONTACT REPORT OF THK TRusfEES FOR THE YEAR ENDED 31ST MARCH 2024 The trustees present their at)nuai rel￿ and the unauditd fin8ncial statemellts of the ch￿lty for the yw ¢nded 315l M8rch 2024. The fmancial ststements cotuply with thc Clwities A¢¢ 2011 and Reporting by Charities.. Statement of Re¢onMn¢nd¢d Practice applicable tocharities preparing thcir acc4)unts in accordance the Financial Reporting Standard appIicable in the United Kingdom and Republic of Treland (FRS 102) (effective 111 January 2019) - (Clwities SORP (FRS 102)). Registered charity number 1178557 Reglstered address 339 Wilbraham Road Whalley Rallge Manchester M16 8GL histees and key management personnel The trustee5 who s¢rved during the y¢ar aod ￿p￿intMents since the end of thc ycar v/ere as follows: Laura Redhead (Char) Joanne Doran (frca8ur¢r) Andrew Trarrell- Resigned 30th November 2023 Susanne Flinn- Resigued 25 Jalluary 2024 Kay Smith- R¢8igned 25thJanuary 2024 Susall Taylor- Rcsigned 25 July 2024 M¢gan Walden-Jon&s Alison Jane Murison- Appointed 25 January 2024 Kirsiy Mansfield- Appointed 25th January 2024 Eli7abeth Sweeney- Appr)inted 10 April 2024 Eram Akr￿- Appointed 16th April 2024 Independent Examiner Michacl Hcys FCCA ACA Ainswortbs Limited Charter House Stansfield Street Nelson Lan¢asbire BB9 9XY COLYfAcr REPORT OF THE TRUSTEES (COliTINUED) FOR THE YEAR EIYDED 31ST MARCH 2024 STRUCTURE, GOVEILNANCE ATr4D L￿AGEMENT Organi8atJonal statu5 Contact was r¢gist¢r¢d ￿ a ¢]]aritable incoTpoTated org&aisation (CIO) on 30th May 2018 under the provision8 of th¢ Charities Ad (Charity number.. 1178557). Stru¢thr4 governanee and management The tTUSt provides for a minimum of thr￿ and a maximwn of twelve trustees. If a re4uirement for new Irustees were io arise, th¢s¢wouldbe identified andappointedby therwnaxning tr￿stee5. The chair of trustees isresw)nsible for ihe induction of any n¢w trustee. This involves awarene&8 of a trust¢e's r¢sponsibilities. the governing document, administrative procedllr&8 and thc history and philosophic81 approach of the Ch￿llty. A new trnstee would rcceive copies of the previous year's arLnual reEK)rL Iusk management The trustee5 hav¢ cXaMin￿ tb¢ major strategic, busincss and operdtional risks that the clwiti, faces and confirm that systems have IKen ebtablished to ensure thatregular reports arepr(NJuced audthat necessary 8t¢ps ¢&n be taken to 4ddKss any iswes &TiSiQg. Our Mission Contact offers more than just a place to stay. Conta¢t aims to provide a homc that is safe and secure ond staffed twenty-four hours a day for vulnerable young wouKn aged 1&19 in the Manchester are& The eth08 of Contact is very simple. to providc ¢aclL young p¢rson-what any giKMI parcnt would do" The hostel offers support and help to move on lo a belt¢r and happier future. Contact offm seven residential places in the Jnaillhouse and two rwms in an adjacellt bungalow on thc sam¢ sit¢. It also provides an infornial outreach scTricc for Ihc youllg wom¢n who have moved into more secure accoD)m(thtion. All placements at Contact are regard￿ as short-tcrm. Publle benefit In setting out the ¢lwity's objectives and planning activities, the tntstees bave carefully cffl8idered the Clwity CommissioIi's gcn&al guidance and 8¢¢tion 17(5) of the Charities Act 2011. The Injslees ar¢ c4)nfident that the harily offers services of fundamental and practical us£ to the I(￿1 population al￿. tbcrcforc, COLDplie8 with the responsibility placed on all ¢harities under the Ch8riti&% Act 2011 to deD]onstrat¢ a public benefiL coNrACT REPORT OF THE TRLSIEES (COIYTINUED) FOR THE YEAR ENDED 31ST MARCH 2024 CIL4tR'S REPORT I am pleased to present our ArLnual Report for the financial year ending 31 March 2024. Over the last twelve months, the board and Contact colleagues have delivered sotne large-sc81e projects and changes, which will ultimately continue to improvE thr liv¢s of th¢ youllg wom¢n it s¢rv¢s in thc coM￿UllIty. ACHIEVEMENtS AND PERFORMANCE The main object of Contact Hostel sb&ll be to provide asststance for homeless adoleS￿1t girls. aged 16 or 17 whom do not have active lookcd statu4 but i[r￿PeCtive of whether they have been Convicted of a Criminal Offence. aged 18 irrespective whethertheyhavebeen in thecare of a tAKal Authorityorif theybave been convicted of a Qimillal Offcllcc. li) This assistance shall include.. the proNision of safe residential accomm(N]ati(m. supporting the residents to enable them to rebjrn to thcation or fjnd employment or trainsng to ell￿ble thcm to partA¢ipak ill so¢icty as nMture alld responsibk indAviduals. b) Who we SDPPOrt Sin¢¢ being founded in I￿0 cOn￿t IL&8 pn)vided a safe home and suptth to over 1000 yourLg women. Although Contact continually modifies its senryce off￿l[lg to mcet thc cveT-cbatwiDg nccds of youllg pcople, the nature and the rilLOS of Conta¢1 remains wisi8t¢ntwÈththos¢ s¢tby its founderBrigidMurphy 53 years ago. ConÉactprovides ,￿hat any good parcut would Thrysh to" to vulnerable young women aged 16-19. The young Thomen who access Conta¢l are considered homele&s with no suitable ho￿81￿g to live where tbey can k kept safe and free from harm. Many of the girls will arrive with little or no beloDgings, with no fomily or support system. The young w0￿c￿ supwrted by Contact come from a rallgc of backgrounds with many having ¢xp¢ri¢n¢¢d parental breakdo￿￿1, physi¢aI and ¢n)otional abuse, s¢xual exploitatio￿ oppressive family regi￿e5, forced iagc and illvolv¢mctLt in gallg8. Without exw?tion. all carry tbe wounds of rejection, trauma and loss of childhood. Many of the young womcn accommodated by Contsct were raised in poverty iu Some of the most socially deprived areas of Greater Mart¢h¢8ttt. The main activiti&% undertaken by Contact to firther its clwitable purpose8 forthe public benefit were.. In the ycar ¢ndiDgMar¢h 2024 Contactre￿IVed 63 referrals fromTheMasGat¢way Syst￿. wbich is a centralised r¢f¢rral system hosted by the Commi￿loning ieam at Manchestucity Council. Of those 63 rcfcrrais, Contact was able to accon)modate 22 yow)g womeJL This shows that Contact's suvice is still very much needed in Grellter Manch¢st¢r. CONTACT REPORT OF TklE TRUSTEES (cofrnLTD) FOR THE YEAR ENDED 31ST MARCH 2024 ACHIEVEMI ENTS AND PERFOILWCE (Continued) Th¢ R¢novation of Bri alow This thrned the I bed bungalow on site into move otL accomm(Klation for 2 seNice US￿8. The bungalow ba8 3 Shared kitchen and batbroom with 2 s¢parat¢ bedro(￿ and living spaces. To stay in the bungalow the service users have to ]Mve lived in the main house. k in education, training or employmcnt and sbown they are ready for IILOTt independent iivin& Th¢ s¢rvi¢e ￿8¢r$ can liv¢ in the Bullgalow up to the age of 22. The Renovation of the Learnin Hub This project created a new learning space for the service users where they can study) IIieet witb Professionals privately or participate in group sessions. It ha5 3 private desk areas wb¢tE 8¢rvi¢¢ uws can use laptops, a main Ln¢¢ting tsble witb a smart board for pr&sentations and a lovcly window seat area for meeting8, private S￿dY and reath"ng. Good Memories Fund The Good M¢ll￿rieS Fund ¢n8bl¢s our statf to CTeat¢ positive memories for Service users are sta)ryng at Contact. This ycar the sernice usas enjoyed seTreral trips our including a trip to the Cl)ristmas Markets in Manchester city centre. This was a brilliant Fx>nding experience for the service users who got to spend quality tilne with each othty and build w>sitive relationships w&th the SLaff. Setvice users were also able to go out for meals, g bowling al￿ lo a funfair thanks to tl]is fi￿al￿g. lkningthe year23-24thisfund also paidfor 3 bihlKlay cclebratiOJkS and a1ri8tmas gifts for all rc3id¢nts. Mov¢ On Fund The Move-on Fund supp)rts residents &$ they move on from Contact. This funding enables us to ensure that they are set up to succeed when they leave and have all tbey need to live iDdcpcnd¢utly. Th¢ ll￿d for this funding will differ from girl to girl, dep¢nding on need. In 2023-34 four of our s￿Vice ￿erS benefited from thc Dlovc on fimd to ensure tbcir ncw a¢rommcKiation was up to standard aod f¢lt homely. This included cojnplete red¢xorFAtion of a flat with n¢w fvrniture and kitchen essentials being purcFth. Hard8hi Fund The Hardsbip Fund covers the costsof eMLtial travel. cliything. equiFAnent for¢th￿ati0ll. cmergcn¢y food parcels, phone credit, period products aud prc5CriPtions. In addition to this th¢ Hard8bip Fund provides money for r¢plaE¢m¢nl birth c¢rtifi¢ates and passpons. This provides the young womcJ] wc supwrt with all the documentation requircd to bcgiu their inde￿ndcllt livcs. By having tbis fund available Contact can continue Éo reli¢v¢ pov¢rty and avoid young people knrrowing from u[￿egUlated lenders. In the year ending March 2024 Contact made 73 p&yments from the Hardsbip Fun(L CONTACT REPORT OF THE TRusfEES (CONftVUED) FOR THE YEAR ENDED 31ST MARCH 2024 ACHIEVEMENTS AND PERFORMANCE (Conthimed) 2023Q024 1 63 202212023 68 202112022 38 202012021 46 Number of women referred Number of young women accommodated Oecu Avera Avera oun 17 13 810/ 15 85Q/ 4.69 16.8 780/ elen hofst8 ein in months 18.2 17.2 17.6 *Please note the r¢duced ￿¢up￿CY rdte in 23124 is due to us having to keep IKdroi)TtLS vacmt to d¢￿rat¢ the bedr(x)m and compld¢ building WOTk in th¢ l¢aming hub. The older average age is due to use opening a second bedr(￿ in the buwiow and changing criteria to only acceptittg 18 year olds whi)ttL have been througb the care system. Addttional statistic5 indicate that of our22 young women accommodaled. 25 % ar¢partof LGBTQIA+ coD]munity, and 55 % from ¢thni¢ minoritia8. Th¢ ly)ard have recognisej thi5 and adaptcd thcir recruitlllent proce88 to try to attract board members that are more rcpresentative of the young women we aceommodate. The 811 ortwe ve Our experi¢nc¢d bUPPOrt stsft off¢r p¢rsonalised one to one intervention, including cmployn]cnt alld cducation support, ad￿ce and guidance. Teferrals to S￿l￿115¢d sUPPOrt agencies and create personal des'elopment plans oullining tbeir funwe goals and aspirations. We arepassionateabout deliveringearly interyention and a Mrap8round service of support to cnsurc thc service ustrs at Contact have the best possible chance to succeed. They will be supported to learn independent living skills. life skills, budgeting and uwiaging moTh¢y and through thc transition into independence. cowrACT REPORT OF THE TRUSTEES (CONfLYUED) FOR THE YEAR EIYDED 31ST .MARCH 2024 ACHIEVEMENTS AND PERFORm￿NcE (Collttllued) Success sto Tina came to Contactinmay 2023 a8 a care leaver. TiJ)a had in a local authority placeD)entbut w&g required to leavc upon turning 18. Her ¢knldho24 Percentage of total fundraising kncome Trusts & Foundations 207,720 Individual 8982 Corporate Community Events 4,672 3,874 2,077 31560 258￿85 I.SO/o 0.8 /. M&jor Donor Total 12.21. CONTACT REPORT OF THE TRusfEES (cO￿l￿UED} FOR THE YEAR ENDED 31ST MARCH 2024 FundraRsln contlnlled E200.00 Fundralsing Income by Department 202312024 so,(￿0 ouAco £5Q.QOD Tw519 & llld¥wduo1 CE¥y)rnte CfwNf.untty Ilaloi Don( Our fijndraising income for 2023-24 was £258.885. this was an increase from the pre￿O￿S year whetL our fundraising in¢om¢ was £172,282. tjj 2023. w¢ r¢miiwl a new fundrai￿ who remained in post througboui the year aud itnplemented a llew system for managing donation5 and our grant application process. This resulted in ren¢Mqng a number of lapsed reldionsbips with funders and s￿urIng SAgnificall¢ Core Costlstaff Salary funding. 'Iru8t & Foundations income remains the highest source of fundraising for the year, equivalent to 80.20/0 of our tothl fundraising iTEcome. Our second highest incotnc dcpartm¢nt (12.2/0 vf ovthll fundrai5¢d ill¢ome) in 23-24 was Major tknnors andreflwts a £31,560 donation from Nficha¢l Jos¢p]Json. which has beenr¢stricted to our Hall. Stairs & tallding ProjecL which will tske place ID 2025. Whilst Trust & FoulldatiODS rcmain the main vA)urce of our fuudraising income. we recognise the importance of div¢rsifying our income streams due to the changing fuading climate atLd increasedcompetition for grants. In 2023 we begall a programme of increasiug community engagement and developing our individual giving programm¢. The bar chari shDws the income for each department over the financial year. FufuRE PLANS No changas to the c]]arity's operdtions are anticipated in the foreseeable future. coTrrrACT REPORT OF THE TRusfEES (CONTThI]ED) FOR THE YEAR ENDED 31ST MARCH 2024 F1Tr4ANCL4t, REVIEW Total incoming resources forthe year ended 31StMarch 2024 illcreas￿ to £377.014 (2023.. £284.912). The trustees ar¢ ¢xtT¢m¢ly grat¢ful for all donations made to the charity. Total expenditure in the yeaT also in￿e&S¢a from the prior ￿ to £304,874 (2023: £296214). In the year ended 319tMarch 2024 thecharity realised a surplus of £72,140 (2023.. deficit of £11,302). The surylus ha8 arisen partly from income re5tri¢ted to full￿¢ yearprojects.. Hall. Stairs and Ianding £31.560 and the tKarnin8 Hub £6.000. Total expenditure Oll fixed &8sets in the year was £86.977. The trustets arc pleased with the surplus this year which I￿5 allowed it to Tetnve8t in ils fa¢ilitie8, but llon¢thrlcss are not Complaceut in looking for additional funding. The charity is dependent on donations and th¢ ttustes appreciate that such an income stream can be erratic from olle year to another. Voluntary wts and donations a¢couot¢d for 69/(J of the ¢haTiiy's in¢om¢ in the year, up from 600/￿ Ill tbe prcccding Y￿£. The charity is in ahealthy fin8ncial position to continu¢ kn help youllg womell in th¢ future. Reserves policy The T￿￿tee8 have reviewed Contact's need forreserves in line with guid8nce issued by the Charity Commission. Contact holds reserves in ordw lo ¢nsur¢ ￿ntinUi(Y iti tlK cvclli of a largc variation of illcome such as a fall in donations or our inabAlity to sec￿r¢ sufficient grants. This is important due to the general un¢¢rtainty around government spending plans and the unpredictability atDuod tbc availability of suitable grant fundillg at any given tiinc. Wc must l)av¢ suf6¢i¢iit moncy to ￿¢ct our contractual liabiliiies and safeguard both our s¢rvice users and our employee4 together with suKicient fimds for emergencies that JDay arise to cover major repairs to our I￿g¢, old, thr¢¢-Storey building. Th¢ Tmstees have thuefor¢ dctcrn]illcd that distnbutable reserves shall k maintained at a lever of between 4 and 8 months of budgeted expenditure. plus £IO.000 for em¢rg¢ncyr¢paiT& This mCaDS thatth¢ reserve rallgeTequit is bLaween £108,500 to £197,000. Thi$range allows the I'rustccs to remain confident that Contact remains a going concern whilst 8till continuing to apply for short and longer-terni fi]nding frotn a variety of sowces. At 31 March 2024 Conta¢t held thithin unTestri¢ted distributrble reserves approximately £179,(M]O. This amount is within our reserve range, alld not deemed to be exce&sive. Additionally, Contacthas a sigDificanttawble fixed assetin th¢Fr¢¢hold Property, and this Inc￿ase￿ the Tmstee8 Confidence in the future viability of Contact. Whilst this 15 not a rcadily distributable &&seL it would release significallt di8tribulable reserves in the event tTr￿ Cijntact ceases to trade. Designated Funds We had dc5igllatcd £60,000 of our uur65tricted reserves to fund futur¢ developments. This year £46,041 was used to thnd th¢ development of the bungalow. We have kryt thc remailling £13,959 as de&ig]ated to Ul￿te the main re8idence. CONTAcr REPORT OF TRUSTEES (CONTIf4UKD) FOR THK YEAR ENDED 31ST MARCll 2024 STATKMENT OF TRUST£KS' RESPONSIBILETIL8 Th¢ trLts a￿ r¢SPOt￿lIC forpreparing the Tn￿te¢s. ADJual RrpMt8nd the fmattc1￿ statenKnts in aw)rdanGe iyith appli=able law alld Utiitsd KiDgdorA Acco￿ling StaTrd8rds (thited Kingd(Fm Gotserally Aoxpted Ac¢ountitig Practice). Th¢ law app11￿bleto charitie5 In En8]8lld and Walsswirns th¢trusts08 bj prw f￿A￿la1 stalemgnts fDr -i21 year wblch Si￿ a ttu¢ and ￿ vi0w of the stats of &ffair8 of the ckarity ottd of (he in¢oming resovrc d applic&tion ofre8our￿q of tbe charity for that￿￿0(L In prtwing tlwe fi]Mn¢ial 6thtements. the are required to.. select 8ulttble xer1￿)￿ll8 polieiei and apply them comi8teudr. ol%etv¢ th8 methods andprinciple4 in tho Charities SOiIP. Jnthe judgtrnents and estiDJate8 Ibat ￿ rtfj8ollable andpTodrnl 8tthVAethvroppli¢able uountitLg 8talld8rds hav¢ beenfollowol,8ul4eettO ADY d¢p8rttw&8 di6closed and oxplained itl the financial Statem￿t8. and prepate the acc(NJnts gokng cot￿e￿ bll￿ UDles9 At is lo prespJm¢ tlw tbe charity vitll eontitille inbusln¢ss. Tbe ¢rusttts are r¢8ponsible f(x rnailltary prow aec4)untiDg di5cIDse Trith rov50Jthble accwa¢y 8t time tho fitwKial positiou Df the charity ￿1 to eDBbk them to that th¢ ￿WUllts comply with the Chariti&s A¢É 2011.. tIL¢ (ALxoth and R¢poTts) Re￿￿atiOnS 2(KIB arLd the WOVY8iOTts Df the tsust deed. Thoy dr6 also respowiljk for 8&fe8uardity8 the assets of the clwity Glld h￿¢0 fix tsking re￿nable stw for the preve￿IlDn arle d¢tr¢litsn of fraud aud other irkrgularlLi￿. Charity reqrtremeits This report has Ixcllprepared its a￿￿18nce with requ[reM￿ts 8rtdoiYD by the (Jwitie5 SORP (FRS IW21. The tswtees. rewrt approved on th¢ 21rf of Noveth 2024 and Signed on behaifof the board of by. Chair 1Tr4DEPENDENT EXAMINERIS REPORT TO THE TRisfEES OF CONTACT I r¢port to the tNstees on my examination of the accounts of the CI￿lty for thc year eDded 318t March 2024, which are set out on pages I I to 22. Regponsibi]ities and Basis oCReport As the ttust¢es of the Charity you are resFK)llsible for the preparation of aw)unts in accordance with the requirements of the Charitie5 Act 2011 {*hc 201 l Actj. I report in respect of my examination of the trustees, accounts eaTrted out under section 145 of the 2011 Aci alld in carr)ryng out my examination I have followed all the applicable directions given by the Charity Commission under section 145{5) (b) of the 2011 A¢L Independent ExamJneT'8 Statement Since your cbarity's gross income exceeded £250.000 your examiner must be a n)ember of a listed body. I ca confirm that I am qualified to undertake the exalnination beeau8e I am a registered metnber of the Instituts of Chartered Accountsntg in England and Wales which is one of tbe listed Ix)dies. I have ¢ompl¢t¢d my examination. I wnfirnl that no material matters have come to my attention in colm￿tiOn ith thc eAan]ination gi￿ng me cause ￿ believe that tn any material re4)ect: accounting records were not kept in reS￿t of ttLe Charity as rwi]r￿] by section 130 of thc 2011 Act. or the accounts do not accord witb those rccord8' or the accounts do not complywith the applicable requirements CA)ncuning the forn) and content of accounts set out in the Charities (Accounts and Rgw)rt8) Regulations 2008 other tILall any rwuir¢m¢nt that th¢ a¢¢0[￿ts giv¢ a'true and fairview, which is not all￿cOnsIdereda5part0f all1ndepend￿t cLqmillation. I have no ¢oncerns and have come acro&s no other D]atter5 ill contkection with the examination to which attention should bc drawn in this rep￿ in order to enable a proper understanding of tlie accounts to be r￿Ched. Michael Heys FCCA ACA Association of Chartered Certified Accountants Ainsworth8 Limited Chart¢r House Siansfi¢ld Str¢¢¢ Nclson Lan¢ashire BB9 9XY Dat¢d th¢ 21&t of November 2024 io CONTACT STATEMENf OF FLNANCIAL AcfiviTIES FOR THE YEAR ENDED 31ST MARCH 2024 Unrestricted full(L% Restricted fulld5 otes 2024 2023 Income from: Donations Charitable activities tnvesth]ent illCOllLe Total incoming re50ure 161,694 118,121 97,191 258,885 118,121 172,282 111625 279 377 014 284.912 Expenditure on: Cbaritable actkYitie$ Total expendlture 239 239 296214 296,214 304 874 Net Incomlngl(outgolng) resources before otbcr recognised gain51005se5) 40A99 31WI 72,140 {11,302) Transfers between funds 15 et movement In funds 80599 (8,459) 72,140 (11,302) Total funds brought forward 104J67 781842 Total funds earned ftsrW￿d 15 747.772 95.908 771540 All trar￿aCtionS relate to Colltilluing operdtions. Th¢re ar¢ no other recogDised gains or lo￿8 for th¢ ye4r other than in th¢ Statement of Financial Activiti¢s. li CONfAcr STATEMENT OF FJNANCIAL POSITION FOR THE YCAR Ef4DED 31ST MARCH 2•24 2024 2023 Fjxed asjets Tangible assots 12 554AO3 487,048 Current Debt(*s Cgsh 8t bank and illhand ij 6J76 7,329 28 762 290.091 291,854 Currettt Jiabalt Cr¢ditorn'. Arnounts falling (lue withiti ¢)ne 14 99 Currellt Aysets has ¢urYEnt llxblltslel 284 492 Nct ais¢ts 771540 R￿tri#¢d Unreostricted 15 15 104J67 Th￿¢ fin8n¢iki 8tthlll￿ were #p￿0V￿a by the Board of on the 214 of November 2024 &nd8igned ott its babalf by: La￿£ Rgdknead Chalr coNrACT NOTES TO THE FllNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 AccouKrtNG POLICIES StAtstory information Contact is a ¢haritable incorporated organisation (CIO) reg1sW￿ V*itb the CbarAtyCommission in Ellglw￿. Thc rcgistcrcd charity llurllbcr, company rcgi5tration nU￿ber alld addrcss can bc found in the Report of thc TrUst￿s on page l. BASIS of prep4Tation The financial statements bave been prepar¢d in a￿ordanCe with the Stazem¢nt of Rewmmend¢d Pwti¢e'. Accountiug and Reportingb} Charities prep8ringtheir accowits in accordance with the F7nan¢ial Reporting Standard applieable in theullited Kingdom and Republic of Ireland (FRS 102) iwed on 16th July 2014 and the Financial Rew>rting StaJ]dard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 alld United Kingdom Gwerally Accepted Practice Ls it applies from January 2015. Contact meets the definiti(rt] of a public benefit entity ullder FRS 102. As8ets and liabikities are initially recognised at bistorical cost or traDsactii)n value unle&% otherwise stated in the relevatLt accounting policy note(8). Cash flow The charity is exempt from therequiment to prepare acash flow statement asit qualifies a8 a small eThtity. IncomiNg resourccs All incoming ￿sourCeS arc iThcludcd on thc StatemcDt of Financial Acti￿ti￿ whell cntidement has passed to the chariry,. il is probable that tbe economic I￿¢￿ts associated with the transaction will flow to the charity alld the amount can be reliably measure(L The following specific policies are applied to particular categories of income= Incomc from donatlons or grants is rccogDiscd thcrc is cvidcncc of cntitlemcnt to thc gift. receLpI is probable and its amount can ￿ measured reliably. Itga¢y income is rwised wben receipt is probable and entitlement is established. I￿)rne from donatsj g(xNJs is measured at the fair value of the goods UDless this is impracticable to measure rejiably. in wbicb case the I.￿Ue is derived from the cost to the donor or the estimated resale w￿lle. Donated facilities and servicckn are rccognTs¢d in tbe accounts whets receivcd if the value can bereliably m&￿vred. No amounts are included for the contribution of gener01 volunteers. tncome from Colltracts fff the Supply of services is T￿ogniS￿ with the delivery of the contract i¢e. T]]is is clas8tfi¢d as Unrestrict￿ fi]ods unless there is a colltraclual requirement for it to b¢ spenton a particularpurpo8e andr&Luned if unspenL Anwhich Case itmay beregardedas reslricted. CONTAcr N(yfES TO THE FL¥Af*CIAL STATEMELYrs (coNrINUED) FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLlCtES (Continued) xpendlture Expenditure is recognised on an accruals basis &8 a liability Ès incurred. Expenditure includes any VAT which cattnoÉ be fully recovcrcd, end is ¢1￿1r1￿ under beAdings of the statement of fllwicial aCti￿tte$ to whioh it relat&q: EXp¢od1¢￿ on rni8iDg funds in¢lud¢s th¢ wsts of all h￿d[aiSing a¢tivities. eveDK non-¢hwitsbl¢ trading activitie4 and thc sale of donated gcrt)ds' Expenditure on clwitsble activities includes all costs illcurr￿ by a clLarity in undertaking activities that furthcr ils cbaritable aims for the Ixn¢fit of its kncficiaric5, illcluding th0￿ support costs osts relating to th¢ gov¢rnance of the clwity apportioned to cI￿ltable artiviti¢s: Otherexpenditure includes all eX[￿lture that is neitherrel&teA to raising fi]niLs for the charity nor part of its ¢xpenditUTe on Gharitable aciivitic& All costs are all(￿tea to ¢xp¢llditurc cat¢gories reflecting the use of thc resource. Dir￿1 cost$ attributable to a single activity are allocated directly to that activity. Shared costsare app)rtioned between the activities they contribute to on a reaqonable. justifiable and consistent basis. Fund 4¢¢0untkng Unrestricted funds are availabl¢ for us¢ at the discretion of the tnJste¢s to Eurtber any of th¢ ¢harity's purposes. Des1￿mIed fimds are unrestricted fijnds carn￿*¢d by the ttustees for particular firture project or ommitment. Restricted funds are funds subjected to restrictions on their expenditure d￿lared by the donor or through the terms of an appeal and fall into one of sub-classes.. restricted income funds or endowment funds. Tjingible Assets TaTJgibl¢ a￿18 are initially TecoTded at cosL and subscquently statd at cost les8 any &c¢umulaled deprcciatioll and impairment lo&fes. Any tangible assets carried atrcyalued amounts are recorded at the fair valu¢ at the dale of r¢valuation1¢8s any 8ubsquent acajmulated depffciatioll and subsequeol accumulated impairLcnt losse& An increase in the Carryi￿ amount of an asselas a result of arevaluatio￿ is recognised in other recogDised gains and lo&w, Unl￿ it reverses a ¢harge for impairmeut that has previovsly been recognised as expenditure witbiu the statement of financial activities. A decrease in the carrying aTtLount of an asset as & result of reva]ualion. is reco￿lsea in o¢hcr re¢ognised gains and Ioss¢8, ¢X¢¢Pt to which it offsets any pr¢vious revaEuation gdin, in wbith wq¢ the loss is shown within otheL r¢cogDis¢d gains and10ssss on tbe statem¢nt of finaa¢ial ac¢ivi¢i&8. 14 CONTACT NOTES TO THE FThANCIAL s[ATEmE￿￿S (CONnNUED) FOR THE YEAR ENDED 31ST fNiARCH 2024 ACCOLwrtNG POLICtES (Continued) Depreciation Depreciation is provided at the followingrat¢s in ord¢r to write 01T￿b a8SCt OV￿ it5 estimated useful life: Freehold Property Fixtures and fittings Conwuter equipment 25Q/o ￿dUcingba1allC¢ 330/0 Oll Cost Impairment of fixed assets A review for indioat0TS of impairni¢nt is Carri￿ out at each reporting dat4 with th¢ rwverabl¢ amount being e8timated where such indicators exisL Where the carrying value ex¢eeds the recoverable amount, the a55et is impaired acc(rdingly. Prior impairnwJLS are reviewed for possible reiTersal at cach rcporting date. For the pu￿OSe$ of impairm¢nt tasting. when it is not POS>ible to estimate tbe recoverdble amount of an indiTridual asset, all estimate is made of tbe recoverable amount of the wh-g¢u¢rnting ￿11 to which the asset belongs. The cash-generating urrit is the smallest identifiable of asscts that includes the a￿t and generates c&qh inflowsthat largely indryrndentof the casELinfiows from otherassets or groupsof ass¢ts. Defilled ￿￿trIbUtIOn plans Contributions to defjned eontribution plans ar¢ r¢cogoA8ed as an exp¢nsc in the period in Rthich the related service 18 provided. Prepaid contributiODS ate Tccoguiscd as au assct to the exÉent that the prepayoJ¢nL will lead to a reduction in future payments or a c&sb refund. Taxation The company is a TegÉstffcd charity and is therefore exempt from Ino)m¢ Tax and CorporatiotL Tax under the provisions of Section 505(1) of the Income &nd Coryoration Taxes Act 1988. Is CONTACT NOTES TO THE FINANCIAL STATEMENTS (CONTIY4UED) FOR THE YEAR ENDED 31ST MARCH 2024 2. INCOME FROM DONATIONS Unrestrlcted fllnds Restricted fllttds 2024 2023 29" May 1961 Albert Hunt Trust Alchemy Foundation Arnold aarke Austin & Hope PAllington Trust B & Q boundation Barnabas CIMritable Tn3st B¢tly M￿enger Trust Broome Family Charitable Trnst CO-OP ComD]unity Fund Cost of LI￿]8 Grant Desmond Foundation Edward Holt Trust Funder Birds Garfield Weston Fowthation Grayc¢ Gift Aid Grocers Ch￿￿ty Hedley Grant High Lee House Royal Sun Alliance Houghton DLmn Charitable TnLSt Joseph Cox C])arAty KFC Foundation tandsec Grant Leeds Building Society Lord Bamby Foundation National Loltcry Cost of living fund Manchester Rdi¢f in ne MLR tiirls Ianc Airport Group MDMS Screwfix foundation 7,000 1,000 1,00 1,000 1,000 5.000 2,000 25,000 15.000 15,000 3J38 15,000 3J38 5,000 2,000 20,000 5.000 20,0(10 4J72 (983) 20,000 4J72 (983) 5,000 1.000 1.000 1,000 1,540 5,1)00 20,IMMI 2500 5,000 20,000 2,500 1.000 1,01 3,01 39,696 5,000 5,000 1,925 2,(KlO 20,￿0 3,000 39,696 19,136 5.OiN 5,01)0 1,925 5,000 2,000 5,000 2,500 2.0 STJP SWMCC M Murphy Sir Jules Tlii>rnton Stagecoach Steinburg Family The Charity Service 2JlO 2J)O 1,000 2,500 3,000 C8rried forward 105.727 ￿11] 132.176 16 coKrACT NOTES TO THE FLNATr*CIAL STATEMENfs (CONIINUED) FOR THE YEAR EIYDED 31ST MARCH 2024 tNCOME FROM DONATIONS (Continued) Lnrestrl¢ted Fund5 Restrlcted funds 2024 2023 Brought forwArd 105.727 58,121 163.847 132,176 The Ftic Wright Charitable Tn Th¢ Michael Jos¢ph8on Ball General donations W.0 Strcct 2,500 31,560 19,977 s,oDo 31,560 2510 5,000 17,467 17,106 3,000 20.000 Zochonis Tru6t 36,000 161,694 97.191 258,885 172,282 INCOME FROM CHARITABLE Acrivr Unrestricted Funds Restricted nd5 2024 2023 Housing benefit Housing related suP￿rt Rental illcotnc 62,465 62,465 50,004 5.652 52,064 58,338 2223 5.652 118,121 l 18,121 112,625 iinrestricted runds Restricted funds 2024 2023 Bank interest 17 CONTACT F*OTES TO ThE FIYANCL4L STATEME)TS (CONTINUED) FOR THE ITAR ETriDED 31ST MARCH 2024 EXPEAYDITb'RE ON CHARITABLE ACflVITIES Unrestricted Restricted funds nd5 2024 2023 Fundraising Resident's cxpcnscs Staff salaries (8e¢ note 9) Rates and wa Light and heat Repairs and roaintellallce Jnyuran¢¢ Telephonc Postage, printing and stationery Advertising and recruitment rr eost8 Accountsnc), and payroll processlng fees Legal and professional fees Sundry expenses Subscriptions Finance costs Depreciation 2,291 4,056 163.118 1571 9,081 073 7,001 lJ21 1,485 2A96 5,772 2J70 4,477 3,274 1,554 562 19,522 2291 1,075 13,533 11,540 218,314 205,839 1,571 1.785 9,081 8,494 9,650 11.708 7,60A 7,441 1.321 1,975 1,485 867 1496 5,772 2?70 4,477 3,274 IA54 562 19,522 9.477 55,196 977 6,283 2,354 4,838 8.772 2.626 202 20,415 304 874 296,214 NET INCOME Nct inco￿¢ is stated afto charging: 2024 2023 Depreciation of tangible fixed &￿tS 20.415 18 CONTACT NOTES TO THE FINANCIAL STATEMENrs (coYriNUED) FOR THE YEAR EM)ED 31ST MARCH 2024 INDEPENDENf EXAMINATIO￿ FEES 2024 2023 Feespayable to the independent ¢xan)iw for. Independent examination of the f￿￿1claI statemcnts Other services 360 360 STAFF COSTS The total staff costs and employee benefits for the rell￿1ng pttiod are as follows: 2024 2023 Wag&s &ud salaries Social security costs Employtt pension contsibutiofts 201,083 13,037 4,194 218 189,410 12.315 205,839 The averdge number of employees dwing the year is allaly￿d a8 folliyw& 2024 2023 Number of staff No ¢mploye¢8 w¢r¢ individually paid more than £60,IXIO duriug the Current or previous year. TRUSTEE REMUNERATION EXPENSES No trustces or persons related or co[￿eCted by busin￿ to them rettived Temtmerntion or othcr bellefits from the charity during the current orprevious year. 19 CONTACT NOTES TO THE FINANCtAL STATEMENTS {CONTIliLTD) FOR THE YEAR ENDED 31ST MARCH 2024 10. COMPARIJIVES FOR THE SrATEmE￿ OF ANCIAL AcfivITIES unrestrict￿ Restricted fiu)ds 2023 Income from: Donations CkLaritable activities Jnv¢sln)ent income Otber income Total fincomlDg re80urc 87.146 112.625 85.136 172,282 112,625 199.776 284 912 Expenditure on: Charitable activities Total t￿endItUre 261,643 261.643 296214 296,214 35,571 Net (outgolng)Ilncomlng resources before other recognised yinsJOosyei) (61.867) 50,565 (11,302) Tr8llsfers between funds Net movement Jn funds (52,687) 41,385 {11,302) Total fund5 brought fonyard 719,860 62,982 782,842 Total ￿ndS carried forward 667 173 104 367 771540 11. TATrIC.IBLE FtXTD ASSETS Freehold property Fixture and fittill85 Computer equlpment TotAI Cost: At I"April 2023 Additions As at 311t M￿ch 2024 524.571 83,951 (A)8,522 98,404 3,026 99J55 7,589 630,564 Depreciation: At I"April 2023 Charge for the year At 31# March ?024 62591 11,749 74 75224 31 55 5,701 143,516 19,522 163 038 81 Net book v8lue: At 31. March 2024 534,182 19,875 446 554 503 At 31. March 2023 487,048 CONTACT NOTES TO THE FINANCLIL STATEMENTS (CONTLNUED) FOR THE YEAR ENDED 31ST MARCH 2024 11 DEBTORS: AMou￿Ts FALLtNG DUE WITIIIN ONE YEAR 2024 2023 Other debtors Prepayments 1,891 4,485 2.874 4,455 13. CREDITORS: AMOUNIS FALLING DITJ WITHtN YEAR 2024 2023 Trade creditOP3 A¢¢n￿5 Other creditors 1,991 3,608 2.910 767 3,677 5,599 14. MOVEMENT IN FLThDS Net Transfers movement in between funds nds At 1.4.23 At 31J.24 Unrestricted funds Designatéd.. Capital Fund Enhanced Services Fu¢ure Development Fund 487.048 (19.522) 85,402 552,928 (46.041) 13,959 Undesignated.. General Distributable Fund 639 40,000 180 885 747,772 667.173 411399 Re8tricted fund8 Good M¢ll)ori¢8 Hardship Move On Bedroom Hall, Stairs alld laoding Learlling Hub Core Cost8 8,194 14.908 48,567 11.698 (2,829) (1.820) (393) (977) 31,560 6,000 5J65 13,088 8,174 10,721 31,560 27,000 {40,000) 21,OIM) 67 31 Total 771 843,68 21 CONTACT rioTES TO THE FINANCLIL sfATEMEYfs (CONIINUED) FOR THE YEAREIYDED 31ST MARCH 21124 14. MOVEMENT IN FtJNDS(Continued) Resources Movement in Funds Unrestrlcted funds D¢$ignated.. Capital Fund Enhanced Services Future Developmeni Fund (19,522) (19,522) Undesignated.. General Distributable Fund 279,823 219,702 239 60,121 40 99 R¢stricted fuJ]ds Good M￿n￿leS Hardship Move On Bcdroom Hall, Stsirs and tanding Ltan)ing Hub Core Costs (2,829) (1.830) (4,818) (977) (2,829) (1,820) (393) (977) 31,560 6,000 io 4,425 31,56￿) 55,19 31 41 Total fullds 377014 304 The General Distributable Fund represents swplus donations and other incoming resources receivable in excess of outgoing resources payable and available for use bythe tnkns in accordance with the c]witable objects. Otb¢r funds withill unrestricted funds are designated funds earn]arked by the trust¢es lor particular tutLwe projects or conllnitTllents. More dctails of e&ch designat￿ fund can be found in the trnstees, report. The Capital Fund is the value of the charity's funds that ate held as fixed assets, and therefore do not form part of the charity's distributable reseryes. As at 31 March 2023. this thnd repr￿ented the depreciated value of the freehold property transferred to it following the conversion of the unincorporated charity to a CIO. In ¢be year to 31 March 2024. Ihe fimd va]u¢ has increa5￿ to TqJr¢5cnt the llct b(M)k valuc of all tangiblc fixed assets held. 22