Charity registiation nuiiiber (England & Wales).. 1179743 Charity i'egistration nuinbei. (Scotlaiid).. SC052277 The National House Project CIO Annual Report and fitjancial Statements for the Year Ended 31 March 2024 NHP Living connected and fulfilling lives
The National House Project CIO Contents Ileference and Adiministrativc Details TI'usLees' Report 2to6 Staleineni L)f'frustee%' Responsibilities Independent Audito2's' Repoit 8t0 I I Sialement of Finaiicial Activities 12 to 13 Balance Sheet 14 Cash Flow Staten)ent 15 Notes to the Finaiicial Statements 16 1031
Tlie f+4ational House l)roject CIO Reference and Administrative Detail$ Chalr M A Lestli Ti'iistee5 M A Leith J L Holland M Osborne J Robei'ts G S Williains Senior ManageNenl l L¢aderghip M Wan., Cliief ExEcu(iv¢ Officei. TcAlll Ch2rÉty Registration Nujnber 1179743 (En¥land and Wales) SC052277 (Scotlaiid) Priiicipal orrice Groiind Floor South Wing I The Qiiadrangle Crewe Hall Cheshire CWI 6UZ Auditor CBSL Accountants LiTnited Cliartered Accountants Rowan House North The l)rofcssional Qiiarter Shrewsbui'y Business Pai'k Shrewsbury Shix)p%hiYe SY2 C)l.G Solicitors Veale W&sbrough VirdS LLP Narrow Qiiay House Narrow Quay Bristol BSI 4QA Page I
The National House Project CIO Trustees, Report T]ie ti'iisiees PE'esei)t tlie aniiiial report togethei. willi the fEiiancial 5tatement5 and auditors, Itport of the cliarity tor tlie yeai. ended 31 Maj'ch 2024. Ti'ustees and offieers The truste¢s and offic¢rs sei'vino diii'ing the yeaT and since thE yeai. end were a5 follows: Trustees.. M A Leiih J L Holland M Osboine {appointtd 27 Api"il 2023) J Robei'ts (appointed 27 Api'il 20231 G S Williams (appointed 19 February 2024) R Dickiiison (I'esigned 14 February 2024) M Flodgetts (re5igiied 14 Febi"uary 2024) Chaii.: M A Leith Senioi. Manag¢iiient l Leadership Team.. M Warr, Chief Executive Officer Sti'uetui'e* governance aiid mgiiagement Ivnliire o}'goveriiliiK dipciiiiieiil The chai'ity is incorporated linder a coilstitution dated 31 August 2018. Tlie fouiidei. {pre-in¢orporalion) triistees were appointed in June 2018 and the Boai'd of Trustees met for the first time in Octobei. 2018. A caiE-expei'ienced trustec was recruited to the BO.d in May 2019. Tlie Cliai'iÉy was incorpoTated on 30th Aiioiist 2018 and three einployees (Chief Excciitive Officer, Dii'ector aiJd PIDject Sdppoi'l Officei.) coinmen¢ed in theii. roles with tlie Chai'sty on 4tli Deceinbei. 2018, 011 25ih Janiiaiy 2023 the Chai'ity becamc registered as a Scottish cl)arity. The National House Project (NHP) was establislicd in ordei. to coiitiniie phase two of the Departmei)t loi. E(lucatioii's {DtE) Social Cai"e - Iniiovation Progi?IiYne - to support the developiiient of Lo¢al Hoiise Pi'oje¢ts in five local authorities and ciEate the evidcnce base, resources and financial inodelling to enable roll oui to other loc81 a4]thoJ'ities post March 2020. Re¢J'iiilptriciii iiiid ¢fJ?poiiili?iÈJii ollrii3l¥es Evely eharity ti'iistee is appOind for a terni of 3 years by a resoliition passed at a ineetii)g of the Charity Iiiistees. Individiials al'e selected basecl on thEii' skills, knowledge and expei'ience lo ensure the effc¢tive adininisiraiion of the charity. Page 2
The INational House Project CIO Trustees, Report (continued) ObjeLtives and a¢tivi(ies Objetts aii¢l Iiiiii.$ The Dbjects of the charity focus the advanceinent in lif¢ of young people who have been in or have otherwise expei'ieneed the public care systein, NHP works with Socal authoriti¢s (LA) to establish and suppoit Local House Pix)jects ILHP). Using a psychologically illfoi.med practicc franiework the PKojectS PTOVLdc a safe and suppoi'tive envi¥0ment in which young people learn new skills. develop kniowledge, becoine pal't of the House Project coiillniiiiity and grow in confidence, tnabling them 10 live connecled and fulfilling lives in thcii. own hoines. Flousing is soued fvoni a variety of providei's and offers the security, coiisistency. and stability needed foi. th¢iii to live independently of the care system. Ongoiiig siippoil froin staff and otliei. youiig people in the project, based on positive long-terin relationships, provides a strong network of siippoil, and promotes Enterdependcnte. Tlie Hoiise Project &ppi'oach was co-designed wilh young people, and they I'emaiii at the heart of the pi'oject. They contiiiue to develop the projecl on a lucal and natior[ level. Eacl) LHP elects two yOLing people to rtPTcsenl them at Caie Leavers National Moveinent (CLNM) and this gi'oup woi'ks closely with staff at NHP to ensiire that die co-design principle Teinai115 at the centt'e of everything we do. Piihlic beiigfil The trustees ¢onfimi that they have coinplied wilh the reqiiiiEmcnt5 of 5¢¢tion 17 of the Chai'ities Act 2011 to h&ve due regard io tILe piiblic benefit Eiiidance piibli5hed by the Charity CoininÉssEon foi. England and Wales. Achievements and pcrfoi'maiice In Jiine 2023 w¢ celebi.ated oyi. fifth bi11hday and whilst Iniich has been achieved by the charity, the greatest success has been the i'elational appi'oach that has developed a real Sense of cominiinity. Dursng tlie year oui. l.loiise Project coiiiinunity grew by 158 to 744 young people and the iiuinber of yoiing people who had Inoved in to their first holme inci'eased froin 330 to 423. Of note there have been i)0 renancy breakdowns or evictlOll5. Young people have been siipp011ed by L14Ps iji 22 LAS &¢ross Fiigland and Scotland nd collaborative aiTang¢in¢nls in (ii'eateT Mai)chester (GMI 311d intei'nal sraling (I'unning two cohoi'ls a yeai-) ii) four of the Inore established LAS ¢oiiti'ibiited to this growtli. We atteiided a nuinber of confereiices across Gieat Britain which ha% contributed to Coiisiderable iiiteTest from LAS. We also deliveird oiir rSt Conf¢irnce ii) Scotland to highlighi the fantastic work by the three LHPS. As tlic nuniber of l.HPs has inci'eased we have engaged with a second provider for psychological services to ensure sufficiency aiid th$ makes oiir offei. Inoi'e siisiainable. We ii)Ipleinented an iinp¥oved training otTer foi. LHP staff whieh included the iiitrodiictioii of a ceitifi¢ated awai"d in Social Pedagogy. The House Project Pi'ograintne IFIPP) and Oiitcon)es aiid I,eai'ning Fi2mework (OLF) continue to bc well I'eceived by both L.HP staff and yoiing people. 1481 IAQA) ceitificRles have been awarded to yoiing people in 2023124 a¢)d work coinmenced to develop oiir 5ysienis following registration with SQA for youllg people Scotland. A steering group, which included LS.IP stalf and yoiing people, continued Eo di'ive lip1.0Ve1neI in this area of the sci.vice and 14PP now incliides Inodules on Peei. Mentoi'ing. and Energy and Watei. Effi¢iency. l)age 3
The National Iloiise Projeet CIO Trustees, Report (Continued) AcliieveiTi¢pts aiid i)erform*rtee {eontinucd) Thks yeai. Caye Leayers National Moveineiit {CLNM) piiblislied theii. second P£er r,valuaiion {?023) with a fociis on Owtiei'ship, Hoine aiid Sense of WellbLin8. -Fhe firidiiigs fi'oin this builds a posilivt liaalIve about yoiing people, their valiie, and the ways in which Iht approach pi'ovides the scaffolding to enable Iliein to succeed. W¢ added to oiii. gl'owing body of practice-based evidence witli positive I'epoi'is fyoin Cainbi'idge Uiiivei'sity and the LXIT stiidy (Waiwick Biisine5s School ciiid BedfordshÉre UnEvei'sity). We have been accepted as a Deinonsirator site by IMPACT (liiipi'oving Adiilt Cat'e Togetliei.) led by the University of Bii'ininghaiii to develop an evidence inloriiied chaiigc pi-ograEnJne to 51IPPOIt care leavers living in ihe coirnnunity, that has the ptslential to develop pi7ctice and policy at a iiational level aiid will start in Septen)bei' 2024. We Condicted oiii. fii'st annual satisfaction 5IITvey Df both NHP and LHP staff which wa5 vei'y positive. OIIT work coiitinues to be i)ositivLly highlighted by Ofsted who inspect LA prDvision foi. care leavci%. CLNM continiied to operate on a regional and national footprint. Yoiing people attended Board as expeit advi%oi's and dn Advisoiy Groiip made up of regioiial cliair5 and vEc¢-chai1s siippoits this fiinction. Young people have been coinplcting the certificated peer meiitoring training progi'&mme. Theii. expert by cxpei'ience slalus ali8ned with the fizmework of suppoi'l has uiidoiibtedly been a factor in the increased niiiknb¢r of consultations that have been delivcred, coiitribiiting to wider sy5tein change. CLNM hosted theii. anniial ¢onfeiEnce in October with a focus of 'Wellbeing'. This was tlie secolid year of our Aspii"atiofial Awards and a fuithci. two Founds of funding opportunities pi'ovided 16 yoiillg people with &wai'ds. Thc Pi"ograinine enables young people whci have Inoved into their own home to apply foi. funding lo achieve theii. dreains and aspirations. We delivered on our bid fro1 Energy Redress Trust in partnehIp with f4nergy Pi'ojects PIEIs to develop 'Care leavers as bnei-gy Champion5'. The 18-nionth pi'ojeet infoi'nied, ediicated and raised awareness of enei'gy efficiencies by providing inieiisive suppoit witli lasting solutions so that tsiii. tal'e leavers can ayoid fuel poverty and sustaitt their tenancies. We oui. fust coiminunity fiindraising event in Noveinbei. with 30 people coiiipleting the Alton Towers Half Mai'atlioti. Fillancial revi¢iY The Chai'ity i'ecesved donatioi)s and gr3nt5 totalling £330,571 (2023 £377,065) during the yeai.. Iiicome of £669.917 12023 £411,352) was receivcd foi. plviding its charitable activities OF which 91 /0 I'elated to Ineinbership aiid continiiation fees aiid specialist suppoit to LHPS. Costs for the yeor tota51ed £1,186,769 {2023 £1,112,245} with the In&in Costs being wages and consultancy fees to cvaluate and support the projects. Nct a5se15 of ihe Cliai'ity at 31 March 2024 totalled £369,069 (2023 £547,266), of which £36,131 12023 £46,154) was ie8tricted. Prineipal rislis aiid uricertaitJtlE5 Tlie triistees regularly ieview Ilie key risks faced by the cliarity, the e5tabli5hment of systeins and proceduirs to addi'ess those potential I'isks and Initigate aiiy iinpact on Ili¢ charily if they materialise. Page 4
The NationAI House Project CIO Tru8tees' Ileport {continued) Pollcy opi reserve.f 'rhe Cliai'ity is coininilted to ensiii'ing that it retains the finaiicial i'eserves to siippori all yoiing people, CUTrently engaged in L14Ps, into theii. fiTSt hoiiie in a plaiin¢d and measured w&y. It takes around a year to engage, siipport and Inovc youn8 people iiito theii. hoines. TheTefore, Irusiees hdve set the Chrti'iiy's unrestricted i'esei-ves to a lotal of six Inontl)s coir opei'atioiial costs for lh¢ yeai. 2024125 this would be & reserve of £370,000. Total chai'itable resei'vts ai 31 Marcli 2024 al'e £369,069, wliich in¢liide resti'icted resei'ves of £35,550 relat2ng to pi'ojeci delivery in the Noith West and Croydon iygioiis and £581 for Aspii'ational Awards. Unrestricted resei'ves total £332,938. The Tiustees designate reiMainiJ]g uniestricted resei'ves ID enable the Charity to deliver EIS coininitinents foi. n)embership servicts, support and continuatioii of its ongoing projects that air in progress at any point ID tiine gtnd are expected lo be used within the lollowing 12 Imonths. The Charity invoiccs Local Autliorities annually in MaichlApril foi. deliv¢i'ing ihe service iii tl)at fsnancial year and therefoi'e has s1Clel fuiids available to pi'ovide Iliost contractual obligations for the toining 12 iiionths, WheTE invoiced before tlie yeai. End, this ii)come is included ITh deferred incoine and totals £30?,538 at the 31 March 2024. In addition funds are I'aised from a variety of TTUSt5, foiindaiions, biisine5ses and sndividiials to enable additional project5 to be delivcrcd and to suppoit iho general running costs of the Chai'ity. The Ti'ustees contiiiue to forecast for the coiniiig fiiiancial year to ensiii'e there are sufficient iinrestrirted iEserves lo operate and deliver tlie Charity's coininitineiitS. The Ti'ustees are confident that the policy meets Charity Coiminission (Fuidance. Plans foi. future ptrlods Young people tell lis tliat Hoiise PiY)jects woik for theni, and this is suppoited by an in¢i'easing body of evidcnce-based practice. NHP is tl)erefor¢ commilted to iiicreasEng its reach lo young pcople either by establiiliing new LAS or scaling the woi'k within LA5 50 that Inore young people can joiii LHPS or that the psychologtcally informed practice f1ainewoi'k is flexed to enable a whole sysiem to offer to young people leavints cai'e. To sUPPQlt organisational groth ai boih strategic and operatioiial level we will develop and increase oiir woi'kforce (Depiity Directoi., Pai"licipaiion and Developinent Workei., Practite Lead) with a focus OM 'tate1. diveIty amongst staff and ti'iistet5 and move into new office accominodation. With collaboTative arrangeii)eiits and iiiternal scaling, LHPS vaFy in size and ronfi(suration and hence oiii. tai'gets arc Inoi'e cleai'ly foc1I5ed on I'cach. We intend to inciEase the Hoiise Project coininiinily to 1,040 young people with 618 having Inoved in to their first home. N14P will con(iniEe to 5UPP011 CLNM lo positively e1)gae young people so that the itsel. voice reinains central to oui. plannillg and poliry. CLNM will deliver oil tlie Peei" F.valiiation IEcoinJnendations Iroin 2023 and will 5urv¢y Cl.NM AILllllllI to identify how Cl.NM ha5 influenced and suppoited their outcomes. Both will be reported 011 at their Conference in Noveinber. We will continiie to iinpi'ov¢ the offei" to young peoplt and Ll.IPs by actints on the feedback loops fi'oin staff and yoiing people. In additioii, we will ensiire tliat we u5t thi. pi'acti¢e-based evidLnce <ind evaluation findings t infoiyn policy debate aiid contribiiie to sysieinie change Eoi. caTE leavers. Iiitegral to tliis will be Ihe devElopii)ent of an inforined econoinic benefit (value) evaluation that demonstiates oiitcomes caii be impioved whilst saviiigs are Illi?de to the piiblit pul'se. Page 5
The Nntionxl House Project CIO Trustees, Report (coiitiiiued) loi. lutuiT IiCVtods Iconlinucdl TIK IWACT RctI[cli Pro¥rdlliiiiC iiill begiii iii Scpt¢iiknir 2024. Wc ii'ill ii'oik ii'illi our 111,0 piloi siies IF¢ aiid CoTr'cntn'l. P¥inneT5 ¢?1 St,.e}]derS lo dev¢lop a frniiieii'ork appr¢11. lo siipport I¢'Cl5 lii'illg iii ili¢ coiiiiiiuiiill,, 11)l£ t li.gs Ilic pot¢Tritiiil lo dci?¢lop prnclice polic). Ic l Ikiljoiiil lthrel. Wliilsl iiE li(iirc jl I'ei1rlv biistiiesg plan. lie ivill coiilinve to ivoik toii-Hrds oiii. 10 ytrdr sltategi- And identif)- Il rLsoui¢¢s lo IIziclnCC il. Wc iijjll Li)LlaLJC Ivtill Jii Org11}1$7[ lion io coiiiplelc 0111 bid 1i-rilii 2clii'il}' Ic ivill rnricii, ui (uiidi7isiiig sif¢iie&i-' aiid fociis fiiiKlraisiiig ilial suppoils our priii&i4' )}111]017 Io ii)GlfdSC uul reiicll lo younb peoi)le. Wc ivsll d¢velop Ilie AspiJxiioi)al Alvdrds iii coiijllnclioii Ivilli wtpofcile eiigag¢iii¢iii. We Ivill 511bii)il oiir fi151 clJiiii lo SQA al t1 House Projcci Progrdliilllc ii'ill be rerrcsld folloii'iiig [Cbk frotii t1 slccrinB group. NHP ivill opciil). ii'vrk ii'itli parti[S lyl11 il provtdcs bciiefit lo our beiiefictiij'ics. li.111. Ilus b¢ iviul NHP or LHPS. We ivill Coiiiiiii)e to scek fundiiigs lo addirss tl¢ issiics of digital Aiid fiiel povetli,. develop se¢iitE pRIIMI'ai's info tlie ii'orld of ¢diitr)iioii, ciiiplo}'iiicni. iyj Ir{ijiiingF and to add cawcil!. liJ oxpcrtise to cod¢sigii Ii¢idtsi ld wLllbcll¥ oJTcr iviili carli ii¥likidiial LHP. Di*ckn$ure ut inlfji'mthtiort tn aiidilor Eacli Iru51e¢ Iicls takcii si¢PS Ili¢lt I1Y OLigM lo Ikive l<Trkeii as a tnlsiee iii ordct10 Jikqke Ilie&iiselvc5 ¥lll".Mre ofilllv relei'aiil Aiidil infonnaiioii and to establisli th¢lt cliarits-'S iiiidiloi. is of fhal iiifonmlltion. Tl)e Ite¢S co11nn tlydl is iv) relei'.'Iiii infornmlioii Ili< Ilicj, ki11. ofand of iNI)icli kiioii auditoi. is uillii'arc. M A L¢iili Cl71171) And InLslee
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Tlie National House Project CIO Indepcndent Auditor's Report to the Members of The National House Project CIO Opinion We have aiidiied (he financial %tat¢n)enis of The National Hoiise Pi'oject CIO Ithe'¢liarity') for the year ended 31 Maich ?024, which comprise tlie Stateinent of financsal Activitit5, BAlaiice Sheet, Cash Flow Statement, and Notes to the Financial Statelneiits, including a suniinaiy of significant accountincy policies. 'Ihe fiiiancial repoi'ting frainewoi'k that has been applied in theii. PTcparation is Uiiited Kingdoin Aceoiinrlng Standaids. coinprising Cliarities SORP- bRS 102 'TI)e Finaiicial Repol'ting Standard Mpkilicable in th¢ UK and Repiiblic of Ireland. alld applicable law (United Kiiigdom Geneially Accepted Accoiinlllig Pi'a¢ti¢e). Iii oiii. opinion the financial stateineiiis.. give a ti'ue and fail. view of the slate of the chai'ity's affairs as at 31 March 2024 and of its iiicoilling Yesoiiices aiid applicAtion of resouices, including its incoine and expenditUlE, for the yeai. then ended; have been propei'ly prepared in a¢¢ordance with Uiiited Kingdorn Gentially Accepied Aountng Pi'actice., and hav¢ been prepared in accordance wilh the reqiiii'emerEts of the Charities Ac$ 2011, Charities and Trustee Investinent (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as qinended). Basi5 for oplnion We conducted our audit in accoi'dance with International St&ndaixls Auditing (UK) (ISA% {UK)) attd applicable law. Oui. re5pongibilities under ihose 5tandai.ds al'e rthel. descrsbed in tlie aiiditoi. iesponsiblitIeS fDr the aiidit of the financial stateiiient5 sectioii OF our report. We are independent of the chai'ity iv accoi.dancc with the ethical I'equiieinents that are relevant to our audit of the finaiicial statei)ients iii the UK, including the FRC'5 Ethical Standat'd, and we have fvlfilled oiii. other EihEcal r¢spoiisibilitEes in accordance with these i'equireinents. We believe that the audit evidence we hav¢ obtained i5 511fficient and appropi'iaie to pi'ovide a basis for olli. opinion. Conelusions relating to going concern Iii auditin thc fiiiancial siateinent5, we hftve concluded that the li'usiees use of the going concein basig of accounting in the preparation of the fiiiancial siateinents is appl'(Jpr{l1c. Based on tlie work we have perforEned. we liave i)ot identified any material unc¢rtaintie5 Trlating to events or conditions that, individually oi. CDlleclivelyi Inay cast sigiiificftnt doubt on the cliai'ity'5 ability to continiie as a going concern for a period of ai least twelve 1710nihs froin when ihe original finat]cEal 5tateFnents were authorised foi. issue. Oiir i'espoIisibilities aiid the responsibilities of tlie trustees with rcspect to (¥oiiTra concern are described iii ihe relevant sections of tliis Tepoit. Page 8
The National House Pi'ojcL't CIO Independent Auditoi s Report to the Members of The National House Project CIO (continued) Other iiiforinatÉoii Th¢ triistecs Ltre responsible for Ihe otlier inforinatioii. 'I'he othei- iiifoi'ination COTnprsses the inforination incliided in the repoi'l. othei. than the financial staleiiicnts and our audiloi s irport Ihcieoi). Oiii. opinion on tlie financial statenieiits does not Lovei. rhe othei. inforination and, ¢xcept to the extent ot11¢rwis¢ explicitly slated in our I'epoi't, we do tjol expi'ess any foi'm of assuric nce concliisioii thereoi). Ii) coniiection with our aLidit of the F511an¢ial stateiiicnls, oiir iesponsibility 15 to read Éhe othei. information and. in doillg so, consider whethei. thc othei. inforinatioii ts niaterially inconsistent with tlie financial stttieinents oi. ouj. knowlcdge L¥btained in the Mudit oi. otherwise appeal's to be Inaterially Inisstated. If we idejitsfy siich material incDll%l8tenei¢s or appairiit material mis5tatemenls, we are reqlll.ed to detennine whetliei. Ihei'e 15 a inaterial lllj5Stat¢incnt in Ihe financial staten)enls or a inalei-idl iiiisstatement of the other inloi'illatioii. If, based on the wtsi'k we h8ve perfoi'ined, we Conclude that Iheie is a material inisstatement of this othei. information, we are reqtiired to ieport that fact. Matter5 on which ivt #re required to report bv eyceptlon Ill the light of oiir knowledgc and Linderstanding of tlie charity and its environineni obtained in the course of the audit, we have not identified Tnatej'ial misstateinents in the Trustees, Report. We have nDthing to report in respect of the following matt¢i"5 in relatioii to which die Charilits (Accoiints and Reports) Retsulations 2008 and the Cliai'ities Accoiints (Scoilandl Regulations 2006 require lis to report to you if, in oui. opinion.. the inforination given in the Trustees, ieport is inconsistent in any material respect wilh the financial 5tatemetits; or pi'opei. and suIYscieDt accounting records have not been kept,. or the financial siarements are iiot in agi'eement wilh the accounting I'ecords and retiirng; or we have not received all the infonTration and explanations we I'equire for our audit. Responsibilities of trustces As eyplgined Inore fully in the Slateilleiit of Ti'iistees, Responsibilities (set out on page 7), the ti'ustees aye responsible foi. (he piEparatioii of the financial 5tateinents and for being satl5fied that they give a trut ai)d fair vieNv, and for such internal coiiÉrol as the Ii'ElStees detei'ii)iiie is necegsary to eiiable the prepaiatioll of financial stateineiits rhat are free fi'oiii material Inisstatetnenl. iyhetlier diie lo fraud or ei'ror. In preparin(7 the financial stateznents. the kn'ustees are responsible for assessiiig the charity's ability to Lontii)ue as a going coiictm, disclosing, a5 applicable, i)ialtei's related to going ¢OI)¢ern and iisiiig the going concei'ii basis of aLLoilntilg unless the tTiLSt¢es eilliei. inl¢Dd to liquidate the chaTlty or to Ceasc opeJ7lions, oi. have no realistic alternative biit to do so. Page 9
The Natlonal House Project CIO Independent Auditor's Report to the Mcmbers of The NAtional House Project CIO {continucd) Auditor Respon%il)ilities for thc audit of tlic fLnanei81 statements We have been appointed as auditor iindei. section 144 ()[ the Chai'ities Act 201 l and section 4411)(c) OF ihe Chai'ities and Trusiee Investineiii (ScDiland) Act 2005 ai)d report in accoi'dance with the Act and relevant I'Egiilatioiis made 01- Iiaviiig effect thci'eiii)der. Our objectives are to obtain ieasonable assiiiat]ce about whethei. the finanLial slalenierits (Is a whole are free froin i)iaterEal misstatement, wheihei. diie to ITaLid or errol., and to issue ali auditOl'5 report that incliides our opii)ioii. Reasonable assiirance is a l)is)h level of assiirance, but is not a guaraiitee that an au(lit condiicted iii accoi'dance ivith ISAS (UK) will always detect a materEal anisgiatement when it exssts. Misstareiiients can ai'LSC from fraiid or eri'or aiid are considered InÉilei'ial if, individually oi. in the aggrcgate, tEiey coiild reasollably be expected to influence the ccononiio dcci5ions of usei's taken on the basis of these financial 5tate111ents. 'rhe extent (o which our procedures aiE Capable of detecting IegUla1.)tl¢S, including fraiid is detailed below.. We obtained an understanding trf the legal and regiilatory frainewoj'ks tliat aTf applicable to this chai'ity and ils sector and detei'inined that the most significani are those I'elatsng to the reporting framework atld the relevant UK tax legislation. We understood how the chai'ity is complyirtg with those fraineworks by making enquiries of Inanageintnt and tht)se rcsponsible for legal and coii)pliance proccdureg. As an audit engagement team, we assessed the susceptibilily of the charity's finaiicial staleTnent5 to imaterial mi55tatetnertt including how fraud Imight o¢ciii' and considere(I the oppoi'tut)ities and incentives that may exist within the cl)ari(y for fraud. We coiisidered the conti'ols that the chat'ity has Cgiablished to addi'ess the risks identified to preient. detet. ad detect fi2ud', and how the management and trustees nionitor those controls. Based oil our underslandiiig ive des1]ed our aiidit proceduiES to identify noll-coinpliance willi laws and IEgiilations. TtLose proceduies involved.. enqiiii'ie5 of inai)agement and those charged with govemhnce. journal entry testin¥. assessit]g whetlier jiidgemeiits in inaking aceounttng esiiinates al'e iiidicatEve of a poieiitial bias. review of finaiicEal siateinent disc5osiires and testing to %uppoi'ting dociitnentation to a55ess coinpliatice with applicable laws and I"egulations' and EV1( luatiiig the busiHebS rationale of any significant transactions that are UllUSLsal or oiitside tli¢ normal coui'se of biisiness. Where tlie risk Ivas coiisidered to be higher, we pei'foi'ined aiidii pi'ocediire5 to a(Idress each identified fiziid i'isk or other risk of tnaterial misstateiment. These procediires included reveniie t'ecognition and iestii)g Inanu81 journals and weir designed t(} pi'ovide reasonable assui'3nce that tlie finaiicial stateinenis wei'e free fi'oin fraud or erir. We i'einained alert to any indications of fi'aud or non-compliance with laws artd i'egulations throughout the audit. Because of ihe inheiEnt limitatTons of an aiidit. Èhei-e ts a risk that we will not detect all iircgulai-itie5. incliiding those leading to a Inarei'Eal ini$51Ateiiient iii the financial stalements or Iioii-coiiipliaiice witli i'egulation. This I'isk incirases the mol'e that coinpliance with a law or regulatioii Es reinoved fi'om the eveiils and transaciioiis reflecied in tlie financial staicinents, as we will be less likely to become aware of iiislances of tkon-eojnpliance. The I'isk is also eate1. regai'ding ii'regiilariiie5 occurring due to fraud rather thai) eri'or, as fi'aud ii)volves intentional concealjnent, forgeiy, collusion, oiiiission oj. mi5represeniaiion. A fiirther desci'iplion of our Irsponsibilities is available on Ilie Financial Repoi'lil)g CoLincil's website at.. www.fi¢.org.iiklaiiditorsirsponsibilities. 'l-hi5 dcscriptioii fomis pai't of oiir Biiditoi's iepoit. Page 10
The National House Project CIO Independent Auditor's Report to the Member5 of 'fhe National House Projeet CIO {euntinued) Use of our reporl This irport IS 171ade solely io ihe charity ti'ustees, as a body, in accoi'daiice with section 144 of the Cl)ai'ities A¢t 201 l and i'tgulations In<ide iindei. section 154 of tlial Act and Regulation l O of the 2006 Accounts RegulatlOll5. Our aiidit woi'k has been undeilaken so tliat we Iiiight slate to the tl'l15tees ihose Inattei's we are reqiiired to state to triLStees in (In auditors, report and for 110 Diher puiyose. 10 the fiillesi extent periiiilted by law, we do not accept or as5uine t'espon5ibili(y to ajiyone other tlian the charity and it5 ti"us(ees as a body, foi. oui. audit work, foi. this report, oi. for the opiiiioi)s we have formed. sLAcc Th'kJ CBSL Accoiintants Liinited {Statutory Auditor) Rowan Flouse North I 'l'he Pyofessional Quartej. Shrewsbiii'y Business Park Shirwsbury Shropsliirc SY2 6LG Datc.. CBSL Accountants Liinited is eligible for appointn)enl as auditor of the charity by vulii# of ils eligibility for appointinenr as aiiditor of a compaiiy undei. section 1212 of Ihe CoinpaDies Act 2006. 30 (2bb¥2014 Page 11
The Nalional House Project CIO ,Staten]ent of Financial Activities for the Year Ended 31 Mareh 21)24 Unrestricted fund5 Restricted fuiids Total 2n24 Not¢ liicoiiie and F110}Yellls fi'oNI: Donations, legacies alld grants Ch<iriiable activitie% InveslTnent iiicome Other imconie 280,571 620,718 6.834 1,250 50,000 49,199 330,571 669,917 6.834 ,250 Total iTtcome 909,373 99,199 1,008,572 Expenditiire on: Raising fliiids Charitable activities 155,062) 11,022,485) 155.062) (1,131,707) 1109,222) Total expenditure (1,077,547) 1109,222) {1,186,7691 Net expenditui"e 168,1741 {10,023 178,197 Net Inovemetjt in funds {168,174) (10,023} (178,197) Reeonciliation of funds Total fund5 brvught forward 501,112 46,154 547,266 Total ftinds carried foi'ward 18 332,938 36,131 369.069 The iiotes on pages 16 to 31 torni an inlegral pai1 of the5¢ fii)ancial siatements. Page 12
Thc National House Praject CIO Statement of Financial Aetivities for the Yeai. Ei ndLII .11 Mareh 2024 (cvntinued) Unjwti'icted funds Rc5trieted fuiids Total 2023 Note Ineoiiic aiid EndoTrvtnents froni: Donations, IEEa¢ies aiid gi?ots Chai'ilable activities Investinent income Othei. ii)coine 324,565 371.840 1,758 1.144 52,500 39,512 377,065 411,352 ,758 1,144 Total illcome 699,307 92,012 791.319 Expenditure on: Raising funds Chai'itable activilies 145,757) (987,478 {45,757) (1,066,488) (79.010) Total expenditure Net (expendittire)lincoine Gross transfeiB between funds (1,033,235) (79,0101 (1,112,245) (333,928} (5.652) 13,002 5,652 {320,926} Net moven)eni in ndS (339,580) 18,654 (320,926) Reconeillation of fund5 'rotal fiinds bi'oLight forivard Total llds earried forward 840,692 27,500 868,192 18 501,112 46,154 547,266 All of the charity's activities dei'ive froin continiiing opeTations diiring the above two pei'iods. The fiinds breakdown for 2024 and 2023 is shown in nole 18. The notes on page5 16 to 31 foiTh an ilitegi'al part of these fiiiancial stateiiionts. Page 13
The NM¢ional House Projeet CIO {Rcgistra¢ioii iiumbet.: 1179743) BAlllnte Sheet S ai 31 Mai'ch 2024 2024 2023 Note Flxed ¥$¥el% -3.1)no 9.100 Tangsble a55els 14 14.1)98 Debto QdsII At bai)k in IvE]d 148,3C)7 3118..1.10 2()4.48fj 064. IIJO 16 7.16.61)7 )211.675 CdIto7.1: AmoutI I'allTrng Ilue svitliin pne ielli, 17 1.177,1(Abl 139C),41)7) NL¥t cui'.nt 359,537 -$32,268 Net ASXt -369.()69 fj47,26C) Ro$trictcil incoinL. funds Restiicted fiinds 18 46,154 UnreitYiLtcd income I'iindy UnStriC1 fuiids 3.12.938 TotAI funil% 18 IC79.n69 $47,26C) Tli IKiaE stsiciii¢nls uii 12 10 31 ivcrc icPPJ'Oi'cd b), Il)c InL8ICCS, Éiiid auiliorised for issu¢ oil (Ind sig1d un Ili¢ir b¢lknitfby'. A Lciili CIwiiiii¢UI aJMi Inislec Tlie it¢S on pagcs }(? ¢o.I I lonn An iiitegral i)Ic rt of t15¢ fiimncial sMieinent5. P..Igc 14
The National House Project CIO Cash Floiv Statement for the YeAr E( nded 31 Marcli 2024 2024 2023 Iyote Casli tIoiv5 from opei?tillE a¢livÈtles Net cash expenditui'e Ad,justments to tash floivs fi'om noii-cash items Depreciation Anioitisation Investiment incoine (178,197) {320,9261 2.172 5,200 16.834) (177,659) 1,889 5,200 (1,758} 13 5 5,595) Worliing capital adjuslinents (Increase),Idecrease iii debtoi Inci'tasel(d¢crease) ii) creditors (DecitaseyinciEase in deferi'ed incoine Net cash flows from opei'ating activities 15 (83.8821 29,919 (49,166) 113,791 {56,355) 88.528 17 280,788 {169,631) Cash floivs from investing xctivitles Ii)terest receivable and similar income Puichase of tangible fixed assets Nei cash flows from investing activities 6,834 (1,906) 1,758 (149) 14 4,928 1,609 Nel deci'ease in cèsh and cash equivalents (275,8601 664,190 (168,022) 832,212 Cash and cash equivalents at l April Cash ai)d Cash equivalents at 31 Mai'ch 388.330 664.190 All of tlie cash flows are dei'Kved froin continuiiig operations diiring the above two periods. The notes on pages 16 to 31 fonii an integfal p&rt of these fiiiaiicial siateinenl5. Page 15
The Na¢ional House Project CIO Notes to the Finaneial Statements for the Year El nded 31 Marcl) 2024 l Accuunting policies Statemcnt of eo]npliaii¢e The financial staieinents have been prepared in arcordaiice with Accoullting and Reporting by Chai'sties: Stat¢incni of Recoiiiinended Pi'actiee applicable lo charities pi'eparii)g theii. accounts in a¢¢oi'daiice with 111e Fiiiancial Repoi'ting Standai'd applicable in the UK and Republic ot Ii'eland (FRS 102) (eff¢ctive l Jhftuary 2019) - (Charities SORP {fRS 10?)), the Fin)cial Reporting Standard applicable in tlie UK aiid Republic of Ireland {FRS 102) and the Charities Act 2011. Basis of preparation The National HoLlSe Project CIO Ineels the defInitioii of a PLibli¢ benefit entity undei. FRS 102. The accoiints (financial slatemen15) have been pjepared undei. the histOTical cost convention with stems recogni5ed at cost or transactioIi valiie unless otherwise stated in the relevant notels) to ihese accounts. Going eoneern The tivstee5 consider that thei¢ are no material unc¢itainties about the charity's ability to continue as a gotng concern. Judgeinellts. and eriti¢al accounting estiinates In the applicatioij of the Charity's accounting policies. the Ti'ustees air reqiiired to make judgcInent5, esliJnate8 and Lssuniptions abolit the ¢aTTying anioiint of assets and liabtlities that al-e not I'eadily apparenf From othei. si)ui'ces. Tlie estiJnatt5 and associated assumptions are based oli histoi'ical experience and other factor5 that are oiisidered to be IElevant. Aclual results n)ay ditTer froin these estijnates. Income and tndoivmciits Voluntary income iDcludin(J donations, gift5, SegTdLies alld grants that provide col'e tiinding or of a gcnei'al natiiTe is i'ecognised when Ihc Lhai'ity lias entitleillent to the incoine, it 1% probable that the incoine will be received and the dtnoLint can bc Ineasiired wilh SLifficiEIii reliability. DoiEiiiloii.f Niiil legucies DonatÈons aiid legacie5 are recog>iiised ot) a releivablc b8sis when I'eceipt is probable and the amount can be reliably ineasured. Gruiii& receivaljlg Grants al'e IEcogni%d ivhen the charity has an entitleinent to the funds aiid aiiy conditioi)s linked 10 Ihe grants have bceTI Inet. WheTe perforii)aiicc coi)diiions are atmched to the gi'ant aiid ale yet to be i)iet, Ihe incoine is recoJts ised as a liability and in¢liided oli tlie balcince sheet as deferred income to be released. Defei'rEIl iiiL'oipie Defeii'ed income repiEsent5 amoiints received for futiire pei'iods and is released to incoming resoui'ce5 Ill the period for which, it has been received. Such tnconie is ollly defei'red when: Tlie doiior specifies that the art[ Dr donELtioii Jniist oiily be tjsed in fiitiir¢ accountin8 pei'iods.. or The donor has iimEy)sed ¢onditions whicli miist be met tKfoi'e the charity lia5 unconditl011al eiititleinent. Page 16
Tlle Tr4atiollal House l)rojeet CIO Notes to (he fiinancial Statements for the Ycar nded 31 March 2024 (Continued) liivEslJiiciii iiicopiie Dividcnds are I.ecoglS¢d tsnce the dividLnd lias been dbclared and notification lias been I'eceivcd af the dividend due. Clifiril¢il)le 4ciivlli 'rhe cli(ti'ity receives giant iiicoin¢ w51ich 15 recognised wheii the charity has eiiiitleinent to tlie funds and any cotEdEtioiis linked to th¢ gran15 Iiitve been met. Where pei'foi'mance i'elated condstions al'e attached to the gi.aiit and al'e yet to be met, the ijicoine is reeognised as a liability and included oil the balance sheet as deferi-ed iiicoiTte to be r¢leased. Expenditure All expenditure is recolSed once there is a legal oi coiistructive obligatioii to tlidt expenditure, it is probable seltltjnent is reqiiired and the ainount can be measured i-eliably. All costs al'e allocated to the applicable expenditiire heading that aggregate siinilai. costs to Il)at tategoiy. Where costs cannot be directly attTibuted to pai'licular headings they have been allDcaied on a basis consistent with the use of resoui'ces, with central staff COSts allocated on the basis of tiine spent. and depi'eciation chai'ges allocated on the portioii of the asset's use. oilicr suppoi"L cosis are alloealed based on the spread ofstaff costs. RuisiiigfEiiids These are costs incui'red in attracting voluiitary incortje, the Inanageineiit of invesiments and those incuTred in trading activitÉes that raise ftds. Clittriiuble aclivllie5 Charitable expenditure coniprises those cost5 inciirred by the charity in the delivery of its activities and services for its beneficiai'ies. It includes both costs that can be allocated dii'¢ctly to such a¢livities and those costs of an indirect naiiii'e ne¢essai'y to suppoi'i them. Gr(iiilprov151QJlS PIDvisioi)s foi. grants al'e illade when the iniention to Inake a grant has becn Coininunicated to the recipient btit there is iincerlaillty abolit eiiher the timing of the graiit or the aTt]ount of grant payable. Siipporl c05t8 Suppori costs include central fiin¢tions and have been allocdted to aclivlty Cost categories on a basis consi5tei)t with tlie use of resources. Coyernanee cosls These include tlie cosis aiirkbiitable to ihe charity's Lompliance with constitiitional and staiutory reqiiii'enientS, iilLluding aiidil, Straiegic iiianageinent and Ii'iistee5 Ineetings and i'eimbursed expenses. Taxation The charity is considei'ed to pttss the tests s¢t out in Par<wraph I Sehedult 6 of the Finaiice Act 2010 8nd Iherefore it meets the defiiiilion of a chayilable coinpany foi. Ul< coi'poi"ation tax purposes. Accordingly, the charity 1% potenliltlly exenipt fi'om iaxasion in respect of ijicoine or capital gains i"eceived within categories covered by Cl)apl¢r J Pail I l of the Coi'poi'atioii Tax Act 2010 oi. Section 256 of the 'l-axation of Chargeable Gaii)s Act 1992, 10 the extent that sttch incoine or gains aiE applsed exclusively to chari(able purposes. Page 17
Tlle National House Project CIO Notes to the Financial Statements for the Year Eniled 31 Mareh 2024 (coiitinued) liitangible assets Intangible assCt5 are staled in the Balance Sheet at cost less a¢cuiniilated ainortlS41tion and inipaimient. 'l-hey are aniortised on a straisht IiDe basis over tl)eir estimated useful lives. 'rangible fixLd assets Individiial fixed assets costing £100 or mol'e al'e iiiitially recorded at Cost, lesg any siibsequent accumiilated depi'eciation amd subseqiienl accuinLilated iinpaii'meiit losses. Ainorti.qation Aiiiortigation is provided on iiitangible fixed assets 50 as to write off ihe cost, less any estiinated residiial valiie, over their expected usefLiI ecoiioini¢ life as follows= Asset clx5S Online l¢arniii Amort15ation metliod and rate 200/0 Straight line platforin D¢preciatÈon and amorti5atLOn Deprebiation is provided on tangible fixed a5scIs so h5 to wi'ite off the tost or valuation, less any estirnoted i'esidual value, ovcr ihiir expected usel'ul econoinic life as follows.. Asset class Office equipment Depi'eeiation method and rate 20ts/y Straight line Intallgihle assels Intangible assets relates to costs foi. the developinent of the Charity's online learning platFonii, which hhs been tpitalised as it will be used over subsequent periods. The cost S amoitised ovei. its Expected useful life to the Charity and carryiiig valiie reviewed annually for iinpai1ent. Tiyde dcbtors TTade debtors are ainounts due froin ciistoineiE foi. In¢i¢handise sold oi. sei'vices perforined in tl)e ordinary course of busillesg. 'I'i'ade debtors are iwognised initially ai the tlklllSaction pi'ice. They al'e 5ubscquently inea5ul.ed ai ainortised cost using ihe effective interest Method, less provi%ioii fDT impairinent. A provisioii foi. tlic impairineiit of liade debtors is establibhed when there S objective evi(lence that the cliai'ity will not be able to collect all ainounts due accordin£ to the original ierins of the TecLivables. Fiiiid structure Uiirestricicd incoine fund5 aiE general funds that #re available for use at th¢ trusiees discretion fui'therdnce of Ilic objectives of the chai'ity. Designated incoille ftinds air designated by the triistees to deliyer the Cliarity's ¢oniiMitmeiit5 fDr Ineinbej'ship services, suppojl and continuation of its ongoing pi"ojecls aiid al'e expcctcd to be used within the ¢oinin8 12 nionihs. Restricted 5ncoine ftinds ale ih05e doiiated foi. use in a particular are& or for specific purposes. the iise of which is restricted to thai area or piirpose. Page 18
The Tr4ational House Project CIO Note5 to the Financial Statements for tlie Year Ended 31 Mareh 2024 (continued) PetlSL0115 and othei. post retire]nElIt obligation¥ The chai'iry operatcs a defiiied contriblE0n pension scliein¢ whEch ss a p¢nsioii plaii umder which fixed coi)ti'ibiilions are paid intD a peiision fund and the cliai'ity h3 no legal oi. coiisli'uclive obligation to pay fiii'iher conti'ibutioiis even if the fiind does not liold sufficient assets to pay all ¢inployees the b¢nefJts i-elAiing to eiiiployee service in the CEirreiil aiid prior peri(Kls. Contributioiis to defined conti'ibiition plins are irColsed in the Stateincnt of Financial Aciivities wlien they are diie. If Goiiti'ibution payinents Exceed tlie contribiilion due for sei'vict, the excess is recognised a5 a prepgtyinent. 2 Income froin donations aiid legaeies Unrestricted fud$ Gciicral Re5trleted fuiids Total 2024 Donations and leg&cies; Donations froEn coinpanies Doiiations frnin indivEduals Grniits, including capiial grantS' Grants fi'oni ts.usts and foundations 2.750 12,833 2.750 12,833 264.988 50,000 314,988 280,571 50,000 330,571 Ullresti'iete funds General Rulricted funds Total 2023 Donaiions and legacies; tk)nations fi'on) individuals Grants, in¢ludiTrg capital giants., Gi'anl.% froiii triists and foundations Graiits froin coiiipanics 1,315 6,400 7,715 323,250 323,250 46,100 46,100 324,565 52,500 377,065 Page 19
The National House Pyojeet CIO Tr4otcs to the fiin#Jicial Statements fur tlie Year Ended 31 March 2024 (continued) 3 liicome f1M charitxble aetiYiti¢s Unrtstrieted funds Cjeneral Restricted Total 2024 Total 2023 Loc31 HoLtse Pi'oject developinent and delivery MenibershÈp and continuation fees M¢iMbersliip psychology support le¢5 Care Leavers National Moveinent incoine 2,800 49,199 51,999 59,038 461,709 461,709 193,333 149,938 149,938 144,375 6,271 6,271 14,606 Total for 2024 620,718 49.199 669,917 411,352 Unj'cstricted funds G¢neral Restricted fuiids Total funds Total for 2023 371,840 411,352 cct develo ]¢nt and delive Diiring the ciirient and pi'ior year ihe Cliai'ity i'eceived funds fi'oin tlie Enei'gy Savings Trii%t lo suppoit the 'Care l.eavers as Ei)ei'gy Chatnpions, project. In addition diiriiig the pi'ior yeai. the Ch4rity received gi'ant funding fi'on) the Departinent of Ediication to siipport the SLislainability of the Projects and for tlie futiiie devclnpmciit and scaling of ihe Nation&1 House Project pi.og[ainC. Tlie Charity also I'eceived funds from an individual donor to enable giiiiits to bc Inade to individiials lo piirchase ci'isis fiiel vouchers. 4 Investment iiicome Unresti'ieted fut]d$ General Total fiit]d5 Inteiesl receivable and siinilai. incoine. Ii)teresl receivable on bank deposits 6,834 6.834 Total foi- 2024 6.834 6.834 Total for 2023 ,758 1.758 Page 20
The Nalional House Projeet CIO Notes to the Financial Statements for the Year Ei nded 31 March 2024 (continued) 5 Other ineomc Unvestricted runds eJ)ei'lll Total funds Fees and siipplies 1,250 1,250 ToÉ41 for 2024 1,250 ,250 Total foi. 2023 1,144 1,144 Othei. income itlates to funds recoived to support the Young Energy Chainpions Workshops (2023 reiinbursemeiit of eosts as pari of a joint projECt with the Univ¢i'sity of East Anglia). 6 Analysis of expeiiditiii'e RRi$ing fuiids expenditure Costs of genei'ating donations and l¢gaeles Unrestricted funds Gerteral Total 2024 Total 2023 Wages and salaries Consultancy fees FuTrdraising activities 44,187 4,196 6,679 44,187 4,196 6,679 44,403 1,061 293 55,062 45,757 Page21
The National FJouse Pi'ojtet CIO Notes to the FinAneial Statementy for the Year fi iided 31 March 2024 (Continued) 6 AnalysTS of expciiditure {eontinuedl Cliaritable activities expenditure Uni'estrictcd riinds GLnei'al Restricted funds Tol81 2024 Total 2023 Giznts to individiials Gr&nts to Local 14ouse PIDjects House Pi'ojecl Prograinnic costs Wages and salarE5 Consiiltan¢y fees Travel and subsistcnce IT aiid Cominiinications costs AQA registration and certificates. Costs in IElation to Ihe Care Leavers National Movement Confereiice aiid evetjt costs CaiE Leaver Suppoit Portal Website hosting dnd support ORCHTDS Pei'tonnance F12mework developn)ent Stoke pi'oject mEntal hEalth packs Allocated support Costs (including governance costs) 59,742 2,750 10,684 351,822 221,246 7,334 55,920 115,662 2,750 10,684 405.070 221,246 7.334 76,264 5,076 390,536 222,197 6,178 9,965 10,878 53248 4.411 4,411 43,345 14.803 5,256 6,351 43,345 14,803 5,256 6,351 42.173 1,094 6.643 5,460 3,780 3,780 54 4,725 446 54 290,961 290,961 1,131,707 284,853 1,022,485 109.222 1,066,488 Unrestricted funds Getter1 Restrieled funds Tot*1 funds Total for 2023 987,478 79,010 1,066,488 Page 22
The National Jlouse l)roject CIO Note5 to the Finallcial Statements for the Year Li nde(131 March 2024 (Continued) 6 Aiixlysis of ¢xpenditui'e (¢otTrtinued) SILPPOI'I cost5 Unre5trieted Total 2024 Total 2023 Cener21 Wage5 and salaries Travel and subsistence Statyti'ainsng Consultancy fees Rent and heat and light Insurance Printing, postage and staiionery IT costs 0jee expenses Subsci'iptions Telephone and int¢rn¢t costs Mai'k¢ting and PR inate¥ials Legal and professional fees HR and reci'uitn)ent costs Accoiintancy f¢¢s Bank fees Otlier intei'est payable Depreciation 207,022 6,000 1.274 4,620 12,69Q 1,960 1,435 4,745 585 1,250 207,022 6,000 1,274 4,620 12,690 1.960 1,435 4,745 585 1,250 3,151 5,299 2,650 1,484 1,500 100 204,217 4,721 7,222 2,240 8.340 1.304 1,162 2,396 596 1,467 3.047 4,765 3,263 1,199 1.575 86 176 7,089 254,865 5,299 2.650 1,484 1,500 100 7,372 7,372 263,137 263,137 Cjoveriianee costs Umresti'ieted funds Gcnei'al Total 2024 Total 2023 Aiidit fees Audit ofthe fEnRllCittl staleineilts Consuliai)¢y costs Other govemaiic¢ Costs 2,600 24,000 1,224 2,600 24.000 1,224 2.600 24.000 3,388 27,824 27,824 29,988 Page 23
The National Hoiise Projeet CIO Notes to the FinanciAI Ststements for the Year Ei ndcd 31 March 2024 (continued) 7 Staff c(kSts The &wegate payroll ¢osts weit as follow5.. 2024 2023 Staff eosts dllt'iiig the ye#i' Ivcre: Wages and salaries Social security costs P¢i)sion Costs 545,200 47.965 63,114 513,344 51,077 74.735 656,279 639.156 l-he monthly average niiniber of persons (including senior inange1]lent I leadciEhip teain) ei))ployed by the charity during Ihe year expressed a5 full tiEne equivalents wa5 a5 fDIIows'. 2024 No 2023 No Management Direct PIle¢1 inanageinent AdniilllStiaÉion 12 12 12 (2023 - 12) of the employee5 partl¢lP3ted in the Defii)ed Conlribiition Pensioji Sclieines. ConlTibutions lo the einploy¢e pension scheines for the year toialled £63,114 (2023 £74,735). Page 24
The National House Project CIO Note5 to the Finaneial Statements for the Yeai. llded 31 March 2024 (eontinued) 7 Staff costs (coiitiniiedl The numbei. of einployees whose einoliiillents fell within the follDwinB l>dnds was.. 2024 2023 £80,001 £90,000 £ioo,001 £iio,000 The tothl employee remEiTrel'at0n and benefits (excluding pensioTh cotttribiitioiis) of the key Inanagement personiiel of t11e charity werc £190,08412023 £186,084). 8 Trllstecs reinuii¢ration and expen5¢5 No ts'ustees. nor any pei'50ns connected wi(h thein, have received any reinunei?tion froin the charity dElI'ino the year. No trusiees have received aiiy other benefits froin the charity during tli¢ year. Dliring the year expenses lotalling £50012023 £131) weiE rciinbui'sed to two12023 on¢) of the Ti'ustees. 9 IndepLndent exMIner'S remiineration 10 Auditors, remuneratiuii 2024 2023 Audit of the finaii¢ial staternenls 2,600 2,600 I l Net incomingloiitgoiiig re5ou1.ces Net oiiigoing re8oui'ce5 foi. the yeai. include.. 2024 2023 Audit fee5 Depi'eciation of fixed assets AlOrtISation 2,600 2,172 5,200 2.600 1,889 5.200 P&ge 25
Tlie National House Project CIO Note5 to the Financial Statementy for the Year Ei nded 31 Mareh 2024 (continued) 12 Taxation The charity is a Irgistered charity lid is thcrefore exeinpt fruTn taxation. 13 Intangiblt fixed asscls Oiiliii¢ portal devclopincnt costs Tot&1 Cosl At l April 2023 At 31 Mairh 2024 26,000 26,000 26,000 26,000 AtnortÈsation At l Apj'il 2023 Chaige foT the year 16,900 5,200 16,900 5,200 At 31 Maich 2024 22.100 22,100 Net book value Ai 31 Mai'ch 2024 3,900 3,900 At 31 March 2023 9,100 9,100 Page 26
The Natiunal House Project CIO Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 14 THnglble fixcd assets riiiriiiture and equipment Total Cost At l April 2023 Additions 9,513 1,906 9.513 1,906 At 31 Mai'cli 2024 11.419 11,419 Depreciation At l Api"il 2023 Chayge foi. tl)¢ year 3,615 2,172 2,172 At 31 March 2024 5,787 5,787 Nct book vhlue At 31 Mdich 2024 5,632 5,632 At 31 Mai'ch 2023 5,898 5,898 IS Debtors 2024 2023 Trade debtoi's Prepayinents 343,913 4,454 239.595 24,590 264,485 348,J67 16 Casli gild cash cqvivzlents 2024 2023 Cash at bank 388.330 664,190 Page 27
The National House Proj¢¢t CIO Notes to the Finaneial Statements for the Year nded 31 March 2024 (continuLd) 17 Creditoi's.. aniount5 fxlliiig due ivitliin one y¢llr 2024 2023 Tj'ade creditors Other taxatioR and social security V AT graiit iepayable Other ci'editors Pension Schele creditor Ac¢rirnls Deferi'ed incoine 7,165 9,149 47.435 1,177 7,141 2,555 302.538 20,268 9,241 5,420 56 7.161 2,557 351,7( 377.160 396,407 2024 2023 DefeiTed incoille at l April 2023 Resource5 deferred in the period Amounts released from previous perEods 351,704 252,538 (301.704) 263,176 135,037 146,5091 Defetyed ijicome at yeai. end 302,538 35 1.704 Def¢rred income at 21 March 2024 relates lo InembehiP aTrd psychology fee income invoiced in advancc for sei'vices to be delivered durin the year ended 31 Mai'ch 2025. Page 28
The National House Project CIO Notes to the FinAncial StatemLnts for the Ye%r Ei nde(131 March 2024 (CODtinlled) 18 fiunds Balallcp #t I April 2023 Inc(kihiiig I'&soui'ces Resources expended Balance at 31 Marcli 2024 Uiiyestricted funds GeiierNI Um'estricted 501,112 909,373 (1,077,547) 332,938 Restrieted fuiids Aspiiational Awards Stoke Flouse Pi"oject Nationwide Coininiinity Grant Energy Savings Trust LatadAid 25,000 {24,419) {54) 123,0501 (49,199} 112,500) 581 54 46.100 23,050 49,199 25.000 12,500 Totgl restrictcd fllnds 46,154 99,199 (109,222) 36.131 Total fund5 547,266 1,008,572 11,186,769) 369.069 Balance at 31 Mareh 2023 Balance at I April 2022 liiconiing resources Resources expended Tra115fer.% UNr¢stricted funds Geiiei'¢il Unrestricted 827,000 699,307 11.033,235) 8,040 501,112 Designated 13,692 {13,692} Ttal uni'estricted luiids 840,692 699,307 (1,033,235) 15,652) 501.112 Restricted A5piratioi)al Awai.ds Stoke Floiise Project Nationwide Coiiiinunity G12nt Cri5j5 Fiiel Vouclici. scheiiie F.nergy Savings Trusi 27,000 500 4,400 (37,052) (446) 5,652 54 46,100 2,000 39,512 416,100 (2.000) (39,5121 Total restricted fuiid5 27,500 92.012 79,010 5,652 46,154 Total fiinds XC)8,192 791,319 11,112.245) 547,266 Page 29
The National House Project CIO Notes to the Financial Statements for tlie Ycar Fniled 31 March 2024 {eontiiiued) 18 Fiinds IL(trntiiiued) The specifjc purposes for which the fiinds air t() be applied are as follows.. A5PllXtional Awai'ds- fiiiiils to Fdciliiate the A%pii'aiioiial Aivarcls scheint. Stoke Iloiise Project - funds to eiiable the piii'chase of Ineiital health week suppoil packs for the Slokc Flouse Pioject. Natiotkwide Coimmunity Grant - funds received for the 'Suppoi'ting Care Leave13 into the North West l.louse Pi'ojtcts,, Crisis fuel Youchers . funds IEceived to enable the piirchase of fiiel vouchers foi. young people. Energy Saving5 Tyusi - i"elates to tunds I'eceived to develop an approach to energy el¢lencY aiid fiiel poverty for care leaver5. LaTrdAid - funds i'eceived to support the developinent of (he Croydon House Pi'ojeet. 19 Analy515 of net assels betsyeen funds Uvresti'Éeted fund$ Gen¢rul Total flld$ at 31 March 2024 Restrieted rlldS Intangible fixed asseis Tangible fixed assets Cui'rent ass¢is 3,900 5,632 700,566 (377,160) 132,918 3,900 5.632 736,697 (377,160) 369,069 36.131 Total net a55ets 36.131 Unrestricted lunds General Total luiids at 31 Marcli 2023 Restricted fun(Is Intangible fixed assets Tallgiblc fixed assets CIii'iEnt assets Cuti'enl liabilities 9,100 5,898 882,521 (396.407) 501,112 9,100 5,898 928,675 (396,407) 46,154 I'ot81 iiet assets 46,154 547,266 Page 30
The National House Project CJO Notcs to the Financial Staten)ents foi. the Year nded 31 March 2024 (contiiiued) 20 Aiialysis ofnet funds At l Api'il 2023 At31 March 2024 Casli floivs Cash ai bank and iii hand 664,190 (275,1160} (275,8601 388,330 Net debt 664,190 388,330 21 Related party transaelions Tliere wei'e no related party Éransactions the year. Pa8e31