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2025-03-31-accounts

HOUSING OMATTERS Advice.Support•Advocacy Ji Housing Matters (Bristol) Trustee Annual Report 2024/25

Trustee’s Annual Report and Accounts 2024/25

Table of contents

2

Reference and Administrative Information

Charity Name: Housing Matters (Bristol)

Charity Registration Number: 1180341

Company Number: 10675390

Trustees

The Trustees of the charity in office during the year and up to date of signing the financial statements were:

Andrew Gibbard Trustee & Chair Andrew Marshall-Jones Trustee & Vice Chair Joseph Saunders Trustee & Treasurer John Mathias Trustee & Secretary Benjamin Banks Trustee (resigned 10.02.2025) Gary Jordan Trustee Samantha Martin Trustee Jasmin Matharu Trustee (resigned 09.12.2024) Kim Mylchreest Trustee Winifred Onyemaechi Trustee (appointed 10.03.2025) Alice Parsons Trustee (resigned 07.07.2025) Daisy Pitcher Trustee (appointed 12.05.2025)

Senior Manager:

Daisy Pitcher (Director, Maternity Cover April ’24 – March ’25)

Alice Tibbert (Director)

Registered Address:

Bankers:

Easton Business Centre, Felix Road

Easton, Bristol, BS5 0HE

Independent Examiners:

Godfrey Wilson Ltd 5th Floor, Mariner House 62 Prince Street Bristol, BS1 4QD

Allica Bank Ltd 4th Floor, 164 Bishopsgate, London, EC2M 4LX

CAF Bank Ltd 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ

Charity Bank Fosse House, 182 High Street, Tonbridge TN9 1BE

Co-operative Bank PO Box 101, 1 Balloon Street, Manchester M60 4EP

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Chair’s Review

At Housing Matters, we know that a safe, secure, and affordable home is the foundation for everything: health, education, work, and wellbeing. But for far too many people in Bristol, that foundation is crumbling.

Over the past year, nearly 60% of the people we supported were either experiencing homelessness or at immediate risk. Many were being evicted through Section 21 ‘no-fault’ eviction notices. Many more on long waiting lists for social homes are forced to live in unsafe or unsuitable housing, or in situations where they’re facing domestic violence and hate crime.

In this challenging landscape, our work is more vital than ever – and we’re rising to meet the need.

Thanks to the dedication of our team and the support of our partners and funders, we achieved lifechanging outcomes. For the clients who approached us threatened with homelessness we:

In addition, through our ongoing commitment to collaborative working, we helped clients access over £220,000 in additional income, including benefits, charity grants, and sustainable lodging options – £60,000 more than the previous year.

This year also marked a period of important growth. We expanded our advice team and launched our new community outreach project ‘Working Upstream’ that will allow us to reach even more people in need. We’re equipping individuals and families with the tools, knowledge, and support to navigate crisis and take back control of their housing situations.

While the housing crisis continues to deepen, so too does our resolve. We will keep challenging unfair evictions, fighting for safer housing, and supporting our clients through every step of their journey – because everyone deserves a place to call home.

Thank you for being part of this work.

Andy Gibbard

Andrew Gibbard Chair of Trustees

4

Objectives and activities

Charitable objects

To relieve those in need by reason of age, ill-health, disability, financial hardship or other disadvantage in Bristol and the surrounding area, in particular but not exclusively by:

How we achieve public benefit

The charity delivers public benefit by providing support, information, and advice to people in situations of poverty, focusing on those with particular needs due to age, disability or other vulnerabilities. Housing Matters aims to intervene early and ensure that people have access to safe, appropriate and permanent accommodation.

We work closely with local community partners to ensure people receive the right support, at the right time. In preventing homelessness and improving housing conditions, the charity provides benefits to individuals and the wider community. All our services are free and accessible to people in Bristol and the surrounding area. The Trustees have had regard to the Charity Commission's guidance on public benefit and endeavour to implement that guidance in all the charity's work.

Housing Matters aims to:

To achieve our aims, we:

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About us Our purpose We believe quality housing is a human righL We're here to give anyone in and around Bristol the knowledge and support they need to live in safe. secure homes. Our Vision Our vision is a society where everyone has a place they're happy to call home. Our mission We are experts in housing advice, support and advocacy, here to help the people of Bristol and beyond navigate the path to a safe and secure home. We aim to find unique. long-term solutions for our clients, whatever their need& Ourvalues People First- Informed - Dedicated - Inclusive - Resourceful

Local context and impact

Bristol is grappling with a deepening housing and homelessness crisis. Soaring rents, rising debt, and the cost-of living crisis are pushing many households to the edge, with the city now ranking among the UK’s most unaffordable rental markets outside London. Evictions from private rentals—particularly under Section 21 “no-fault” notices—have become the leading cause of homelessness locally, with eviction rates now more than double pre-pandemic levels.

Demand for temporary accommodation has surged by 87% since COVID-19, placing major financial pressure on Bristol City Council. Over 1,500 households are currently living in temporary or emergency housing. The housing register stands at a record 22,000 applicants, with just 1,700 social housing allocations each year. Even the most vulnerable often face years-long waits for suitable homes.

Rough sleeping and non-traditional living arrangements are also rising, with around 90 people sleeping on Bristol’s streets on any given night – up 28% in just one year. Van-dwelling has sharply increased, with around 600–650 people now living in vehicles around the city, a fourfold rise since 2019. Many cite unaffordable rent—averaging £850+ for a single room—as their main reason for turning to van life.

The council has begun piloting solutions and rethinking its approach to creating access to new housing stock and better-quality temporary accommodation. However, the scale of need far exceeds current responses. Experts warn that short-term fixes are no substitute for long-term investment in prevention -such as rent support, legal advice, and protections for tenants.

In this challenging environment, proactive homelessness prevention, early intervention, and housing advocacy remains essential. Addressing the root causes of Bristol’s housing crisis will require sustained, systemic change.

Our impact

Increasingly, our clients have been coming to us facing homelessness or threats of homelessness. Worryingly, this group accounted for 59% of our clients last year, up from 51% the previous year and 47% the year before. Where those clients needed long-term support from us, our casework helped rehouse or prevent homelessness 56% of the time and improved the current housing conditions and rehousing prospects for a further 16% of those clients.

Across our entire client group and through our partnership work, we helped people access over £220,000 in additional income. This represents £60k more than the previous year and has helped people increase benefit income, write off debts and apply for charity or discretionary grants. The success of this work is down to our ongoing strong and co working partnerships with other advice specialists in the city like Talking Money and North Bristol Advice Centre.

In 24/25, we increased the number of advice drop-in sessions we host throughout Bristol, delivered within the communities who need it most. We are reaching out, and shockingly 94% of these clients said that they would not have been able to access housing advice if we had not brought it to them. Through this work we were able to equip people with the skills and knowledge they need to help resolve their housing issues, empowering 80% of these clients to take further action themselves.

We work hard to upskill our clients in this way, providing them with the tools and support to better deal with housing stresses themselves and ultimately preventing housing crisis and homelessness in the future. Last year 91% of our clients had a better understanding of their options, duties and housing rights, while a further 64% now know where to get help and advice, with 88% more equipped to manage their own affairs.

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Ajourney to independence Mia's story Mia. who is registered blind and lives with chronic fatigue and a neurological disorder, got in touch with Housing Matters from hospital where she'd been for over a year. Housing Matters stepped in. We secured an agreement for the Housing AsSOClation to pause eviction proceedings. We persuaded the council to cover the £6.000 in rent arrears that had accrued and write off £2,590 in council tax. We also ensured Mia received a full council tax reduction going forward. She had just signed a tenancy for a Housing Association property better suited to her needs than her previous one. However, it still lacked essential components like flooring and ramps. Though medically ready for discharge, she couldn't return home safely given her disabilities. Working across more than 15 agencies, we coordinated grant funding for flooring and secured temporary ramps before discharge. After moving in, we helped her access Universal Credit and successfully challenge a Bedroom Tax deduction, asserting she needed the extra bedroom for a live-in carer. The council had agreed the adaptation5 were necessary but refused to carry them out until Mia had moved in, a catch 22" situation that left her stuck in hospital far longer than needed. The duration of her stay meant she couldn't claim Housing Benefit, and without moving into her new home, she couldn't claim Universal Credit. Rent and council tax arrears started building up, and Mia received an eviction notice before she'd even moved in. This was more than housing- it was about restoring Mia's independence whilst protecting her dignity.

The Power of Partnership

At Housing Matters we take a proactive, strength and community-based approach to tackling housing insecurity. All of our partnerships are deliberately designed to:

Aashyana

Partnering with Citizens Advice Bristol and St Pauls Advice Centre, Aashyana - a Bengali and Urdu word meaning "beautiful home" - is tailored to support Bristol’s South Asian residents. Advisers provide inlanguage guidance on welfare benefits, income maximisation, energy switching, lodger regulations, and housing rights. By delivering services that feel culturally safe and relatable, Aashyana helps families build stability and resilience in their homes.

Early Doors

Launched in 2021 in partnership with Caring in Bristol, Early Doors flips the script on homelessness intervention. Rather than reacting to crisis, it works proactively, co-designing solutions with local residents to identify triggers early, whether that’s mental health challenges, tenancy insecurity, or domestic violence. Advisers and support workers collaborate to deliver flexible, community-based advice and support sessions, helping people hold on to their homes and wellbeing before things spiral.

HomeFull

Housing Matters and Talking Money link up with children’s centres across Central Bristol to deliver HomeFull, support for parents and carers - especially single parents, non-native English speakers, and those facing digital exclusion. By embedding advisers in familiar, welcoming locations, the service offers holistic advice on debt, utility bills, housing challenges, homelessness and navigating benefits systems. The aim is both to intervene early, preventing issues such as rent arrears or eviction threats from leading to homelessness, and to support the development of financial resilience once a secure home is established.

North Bristol Advice Partnership

In partnership with North Bristol Advice Centre, we link our housing experts with debt and benefits specialists. This collaboration allows advisers to share expertise directly, offering clients, from the North Bristol area, a more holistic, trauma-informed service that meets the urgent needs of the residents in this area.

Working Upstream

We partner with community hubs across Bristol to bring housing crisis and homelessness advice directly to those most at risk. Current partners include The Wellspring Settlement, Eastside Community Trust, Knowle West Health Park, Lockleaze Neighbourhood Trust, and JTE Hub Shirehampton. These trusted spaces often provide a warm space, refreshments and wider support, making advice more accessible. In the project’s first year, 94% of clients said they wouldn’t have known how to access advice without it being offered in their local community. By reaching people where they already feel supported, we help them access vital services before problems reach crisis.

9

6(5 Wow this has filledme withjoyllmu5tsay thankyouso much forallyoursupportandhelpyou have literallysavedme. I really, really, really appreciate it. Thankyou I do appreciate you andbelieve me when I say out of everyone that's everhelpedmeyou have been the bestsupport I've hadyou been the onlyperson there's actuallylistened since working with you I've been feeling a hell of a lotbetter to speak out andsay what s been going on... I feel like I m getting somewhere and that's down toyou. This is foryou. I know the journey continues, this far it's because of you. Your knowledgeable guidance. You have walked me through this when l am reached to edge. We are so pleased we got a suitable house finallyl Many thanks for allyour efforts and continuous support. We appreciate it. I believe whatyou guys doing is life changing for many families. Couple of my friends got housing because ofyour support as well. Your dedication andservice have made a significant difference, and we are truly grateful for everythingyou have done on our behalf. Thankyoul I m chuffed to bits. Thankyouso much for everything. I can't believe it. It was 'well worth coming, to the drop-in. It confirmed some things I thoughtalready, andllearntsome new things too. 95]

Financial review

We had another successful year in fundraising. Total income banked during FY25 was £497,957 - a 13% increase on FY24 (£439,075). This included £31,052 of restricted income for spend in FY26. This income, together with carried forward funds from FY24, enabled us to increase expenditure by 11% to £480,989 (FY24: £432,340) and left us with a surplus of £16,986 (FY24 £6,735).

Our primary source of funding (55%) was Trusts & Lottery grants income; (43%) was generated through charitable activities via our partnerships, and the balance (2%) came from companies and individuals. The reason for income growth was twofold. Firstly, an increase in partnerships income; primarily being part of a consortia accessing the Bristol Council’s Household Support Fund. Secondly, we secured a multi-year Lottery grant.

The Trustees have closely monitored financial performance and have considered the going concern status of the charity. They conclude that there are no material uncertainties affecting the ability of the charity to continue as a going concern. This has also been considered in the context of the ongoing cost-of-living crisis, and the cash position at the date of signing along with future cash projections.

We are incredibly grateful to our supporters, without whom our work and growth over FY25 wouldn’t have been possible. As well as our individual donors, we’d like to say a huge thank you to the following funders and partners:

Albert Hunt Trust, Arnold Clark Community Fund, Bristol City Council, Bristol Law Centre, Burden Trust, Burges Salmon Charitable Trust, Caring in Bristol, Charles Plater Trust, Christadelphian Samaritan Fund, Clarion Housing, Co-operative Bank, Denman Charitable Trust, Henry Smith Foundation, J and M Britton Charitable Trust, John James Bristol Foundation, National Benevolent Charity, Nisbet Trust, National Lottery Community Foundation, Patricia Routledge Foundation, Quartet Community Foundation, Renishaw Charities Committee, Society of the Holy Child Jesus, Souter Charitable Trust, St Paul's Advice Centre, St Stephen and St James Trust, Stone King Foundation, SW Legal Support Trust, Wellspring Settlement.

Reserves policy

The Trustees policy is that the free reserves should be sufficient to cover the charity's operating costs for between three and six months to enable the charity to continue operations following an unforeseen drop in income. For FY26, the range required has been calculated to be between £129k and £258k. This policy is reviewed annually by Trustees.

Reserves position

On 31[st] March 2025, total reserves amounted to £228,931, of which £31,052 were restricted for spend in FY25(see note 14 to the accounts). £197,879 remained as free reserves. This is sufficient to cover 4.5 months of our FY26 budget (£515k) and is therefore in line with our Trustees policy.

Looking forward

This year, Housing Matters celebrates 60 years of delivering housing advice, support and advocacy across Bristol. While we celebrate that history, we also look to the future. Our priorities in the coming year include:

Moving further upstream: In year two of our Working Upstream project, we’ll connect with at least two new community hubs, taking expert housing advice directly into communities at risk of crisis.

Trainee Adviser Scheme: Our advice team now includes four of six advisers who have been trained through the scheme. We look forward to welcoming another Trainee in October, continuing our dedication to developing experts for the city.

Advisory Board: As we design our new three-year strategy, we remain committed to ensuring the group reflects Bristol’s diversity, with lived experience at its heart.

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Structure, governance, and management

Organisational structure

On 31[st] March 2025, the Housing Matters team consisted of 12 staff members (10.7 FTE) and three volunteers. The Director manages strategic development, supported by the Advice Service Lead, Operations Lead, and Communications and Fundraising Assistant. The Advice Service Lead oversees the Advice Service, supported by five Housing Advisers and an Outreach Officer. The Operations Lead oversees the day-to-day running of the charity, supported by a Quality and Impact Officer.

Management

The Trustees of the charity, who are also its statutory directors for company law purposes, exercise all its powers. The Trustees delegate the day-to-day operation of the charity to the Director, who is in turn accountable to the Board. The Director, Advice Service Lead, and Operations Lead form the staff Senior Leadership Team, who meet on a bi-weekly basis to review operational and strategic priorities.

Advisory Board

We have seven members on our Advisory Board, all with lived experience of housing crisis and homelessness in Bristol. As experts by experience, they provide valuable insight to support our senior leadership team in shaping the organisation’s growth and development in a trauma-informed and client-centred way.

Trustee Board

On 31[st] March 2025, Housing Matters was governed by a Board consisting of nine Trustees, who bring a diverse range of skills and experience to the organisation. All Trustees are subject to three-year terms with a maximum of three terms possible. They must retire after a three-year term and this must happen at the Annual General Meeting (when appropriate). However, they are entitled to re-election up to the maximum period.

Trustees may be elected by a simple majority vote of the members of the charity, or they may be co-opted. Trustee recruitment is undertaken annually to meet skills gaps identified by the Board and Director. Posts are advertised widely through local voluntary channels and through direct invitations to ex-service users and key community members.

Governance

Members of the Trustee Board meet regularly (at least quarterly and usually bi-monthly) to discuss strategic matters, review the risk register, and make key decisions. The Board has established a Finance Committee to advise on certain responsibilities including budget setting; monitoring of financial performance; fundraising and financial controls. The Committee meet regularly (quarterly at a minimum), in advance of Trustee meetings.

Governing document

Housing Matters (Bristol), formerly known as Churches Housing Aid Society or CHAS Bristol, is a registered charity and a company limited by guarantee. The charity is governed by its Articles of Association adopted on 25[th] February 2021.

Churches Housing Aid Society operated as a registered charity since 1965. Prior to its reconstitution as a charitable company in 2019, it operated under charity number 233757. In accordance with accounting regulations, the transfer of assets from the old entity to the new was treated as a merger and is documented on the register of mergers.

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Housing Matters (Bristol)

Statement of Trustees’ responsibilities

For the year ended 31 March 2025

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners: Godfrey Wilson Limited were appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity. Approved by the trustees on 8 December 2025 and signed on their behalf by

The Trustees

Andrew Gibbard

Chair

Andy Gibbard

Joseph Saunders Treasurer

Joseph Saunders

13

Independent examiner's report

To the trustees of

Housing Matters (Bristol)

I report to the trustees on my examination of the accounts of the charitable company Housing Matters (Bristol) (the charity) for the year ended 31 March 2025, which are set out on pages 16 to 27.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jennifer Dickinson

Date: 8 December 2025 Jennifer Dickinson ACA Member of the ICAEW Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

14

Housing Matters (Bristol)

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2025

Restricted Unrestricted
Note
£
£
Income from:
Donations and legacies
3
118,198
163,403
Charitable activities
4
131,068
81,561
Investments
-
3,727
Total income
249,266
248,691
Expenditure on:
Raising funds
-
25,464
Charitable activities
277,796
177,729
Total expenditure
6
277,796
203,193
7
(28,530)
45,498
Reconciliation of funds:
Total funds brought forward
59,582
152,381
Total funds carried forward
31,052
197,879
Net income / (expenditure) and net
movement in funds		 2025
Total
£
281,601
212,629
3,727
497,957
25,464
455,525
480,989
16,968
211,963
228,931		 2024
Total
£
270,580
167,068
1,427
439,075
16,587
415,753
432,340
6,735
205,228
211,963

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 13 to the accounts.

15

Housing Matters (Bristol)

Balance sheet

As at 31 March 2025

----- Start of picture text -----
2025 2024
Note £ £ £
Current assets
Debtors 10 32,543 18,177
Cash at bank and in hand 206,233 201,075
238,776 219,252
Liabilities
Creditors: amounts falling due within 1 year 11 (9,845) (7,289)
Net current assets 228,931 211,963
Net assets 12 228,931 211,963
Funds 13
Restricted funds 31,052 59,582
Unrestricted funds
General funds 197,879 152,381
Total charity funds 228,931 211,963
----- End of picture text -----

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 8 December 2025 and signed on their behalf by

Andy Gibbard

Andrew Gibbard - Chair of Trustees

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Housing Matters (Bristol)

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies

a) General information and basis of preparation

Housing Matters (Bristol) is a charitable company limited by guarantee registered in England and Wales. The registered office address is Housing Matters (Bristol), Easton Business Centre, Felix Road, Easton, Bristol BS5 0HE.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Housing Matters (Bristol) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of provision of a specified service is deferred until criteria for income recognition are met.

d) Interest receivable

e) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

f) Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

17

Housing Matters (Bristol)

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

g) Allocation of support and governance costs

h) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

i) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

j) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

k) Pension costs

The charity operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

l) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are accrued income as described in note c above.

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Housing Matters (Bristol)

Notes to the financial statements

For the year ended 31 March 2025

2. Prior period comparatives: statement of financial activities

Income from:
Donations and legacies
Charitable activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
3.
Income from donations and legacies
Donations
Grants
Total income from donations and legacies
Prior period comparative:
Donations
Grants
Total income from donations and legacies
Net income / (expenditure) for the year and net
movement in funds		 Restricted
£
£
68,662
201,918
85,000
82,068
-
1,427
153,662
285,413
-
16,587
179,256
236,497
179,256
253,084
(25,594)
32,329
Restricted
£
£
-
9,103
118,198
154,300
118,198
163,403
Restricted
£
£
-
7,980
68,662
193,938
68,662
201,918
Unrestricted
Unrestricted
Unrestricted		 2024
Total
£
270,580
167,068
1,427
439,075
16,587
415,753
432,340
6,735
2025
Total
£
9,103
272,498
281,601
2024
Total
£
7,980
262,600
270,580

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Housing Matters (Bristol)

Notes to the financial statements

For the year ended 31 March 2025

4. Income from charitable activities

Grants
Contracts
Total income from charitable activities
Prior period comparative:
Grants
Contracts
Total income from charitable activities		 Restricted
£
£
131,068
-
-
81,561
131,068
81,561
Restricted
£
£
85,000
10,000
-
72,068
85,000
82,068
Unrestricted
Unrestricted		 2025
Total
£
131,068
81,561
212,629
2024
Total
£
95,000
72,068
167,068

Charitable activities income presented as "income received from partnerships" in the prior year accounts has been split between grants and contracts in the above note.

5. Government grants

The charitable company receives government grants, defined as funding from Bristol City Council Houshold Support grant to fund charitable activities. The total value of such grants in the period ending 31 March 2025 was £131,068 (2024: £85,000). There are no unfulfilled conditions or contingencies attaching to these grants in 2024/25.

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Housing Matters (Bristol)

Notes to the financial statements

For the year ended 31 March 2025

6. Total expenditure

Staff costs (note 8)
Fundraising
Rent, utilities, and repairs
Venue hire
Travel expenses
Interpreting
Telephone
Insurance
IT Costs
Postage, printing and stationery
Refreshment
Legal and professional fees
Training
Payroll services
Subscriptions
Office move and furniture
Sundry expenses
Recruitment
Marketing, comms and website costs
Accounts and IE
Project costs - Homefull
Project Costs - other
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising
funds
£
17,521
7,943
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
25,464
-
25,464		 Charitable
activities
£
315,374
-
-
288
632
5,220
1,582
-
8,629
1,014
1,151
233
7,294
-
4,771
-
-
177
3,323
-
24,000
10,157
383,845
71,680
455,525		 £
17,521
-
35,225
-
-
-
-
846
4,620
-
-
3,784
-
644
-
2,233
1,214
-
-
5,593
-
-
71,680
(71,680)
-
Support and
governance
costs		 2025
Total
£
350,416
7,943
35,225
288
632
5,220
1,582
846
13,249
1,014
1,151
4,017
7,294
644
4,771
2,233
1,214
177
3,323
5,593
24,000
10,157
480,989
-
480,989

Total governance costs were £7,726 (2024: £5,588)

21

Housing Matters (Bristol)

Notes to the financial statements

For the year ended 31 March 2025

6.
Total expenditure (continued)
Prior period comparative
Staff costs (note 8)
Fundraising
Rent, utilities, and repairs
Venue hire
Travel expenses
Interpreting
Telephone
Insurance
IT Costs
Postage, printing and stationery
Refreshment
Legal and professional fees
Training
Payroll services
Subscriptions
Sundry expenses
Recruitment
Marketing, comms and website costs
Accounts and IE
Project costs - Homefull
Project Costs - other
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising
funds
£
-
16,587
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
16,587
-
16,587		 Charitable
activities
£
292,118
-
-
308
1,014
4,865
1,788
-
1,894
274
1,052
733
4,289
-
5,072
313
1,387
143
-
47,764
2,117
365,131
50,622
415,753		 £
-
-
36,566
-
-
-
-
1,252
4,864
-
-
2,327
-
614
-
7
-
-
4,992
-
-
50,622
(50,622)
-
Support and
governance
costs		 2024
Total
£
292,118
16,587
36,566
308
1,014
4,865
1,788
1,252
6,758
274
1,052
3,060
4,289
614
5,072
320
1,387
143
4,992
47,764
2,117
432,340
-
432,340

22

Housing Matters (Bristol)

Notes to the financial statements

For the year ended 31 March 2025

7. Net movement in funds This is stated after charging:

Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration (excluding VAT):		 2025
£
Nil
Nil
2,500		 2024
£
Nil
260
2,400

In common with other charities of our size and nature we use our independent examiners to assist with the preparation of the financial statements.

8. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs		 2025
£
307,790
25,378
17,248
350,416		 2024
£
260,791
18,512
12,815
292,118

No employee earned more than £60,000 during the current or prior year.

The key management personnel of the charitable company comprise the Trustees, Charity Director and Interim Charity Director. The total employee benefits of the key management personnel were £80,128 (2024: £52,729).

Average head count 2025
No.
12		 2024
No.
10

9. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

23

Housing Matters (Bristol)

Notes to the financial statements

For the year ended 31 March 2025

10. Debtors

Prepayments
Accrued income
Other debtors
Creditors: amounts falling due within 1 year
Trade creditors
Accruals
Other creditors		 2025
£
8,042
20,476
4,025
32,543
2025
£
3,533
4,348
1,964
9,845		 2024
£
7,992
-
10,185
18,177
2024
£
1,266
4,301
1,722
7,289

11. Creditors: amounts falling due within 1 year

12. Analysis of net assets between funds

Current assets
Current liabilities
Net assets at 31 March 2025
Prior period comparative
Current assets
Current liabilities
Net assets at 31 March 2024		 £
31,052
-
31,052
£
59,582
-
59,582
Restricted
funds
Restricted
funds		 £
207,724
(9,845)
197,879
£
159,670
(7,289)
152,381
General
funds
General
funds		 Total
funds
£
238,776
(9,845)
228,931
Total
funds
£
219,252
(7,289)
211,963

24

Housing Matters (Bristol)

Notes to the financial statements

For the year ended 31 March 2025

13. Movements in funds

Restricted funds
Santander Foundation
Bellway Homes
PPL Ltd
Wessex Water
Bauer Media
Charles Plater Trust
Arnold Clark Community Fund
Total restricted funds
Unrestricted funds
General funds
Total unrestricted funds
Total funds
Co-operative Bank Customer Donation
Fund
(1) Quartet Community Resilience Fund
National Lottery - Awards for all
National Lottery - Reaching Communities
Citizens' Advice (Bristol City Council)
(2) Quartet Community Resilience Fund		 At 1 April
2024
£
41,666
500
10,000
4,000
1,666
-
1,750
-
-
-
-
-
-
59,582
152,381
152,381
211,963		 Income
£
-
-
-
-
-
9,997
-
16,104
75,105
15,000
131,068
992
1,000
249,266
248,691
248,691
497,957		 £
(41,666)
(500)
(10,000)
(4,000)
(1,666)
(1,471)
(1,750)
(16,104)
(56,329)
(11,250)
(131,068)
(992)
(1,000)
(277,796)
(203,193)
(203,193)
(480,989)
Expenditure		 £
-
-
-
-
-
8,526
-
-
18,776
3,750
-
-
-
31,052
197,879
197,879
228,931
At 31
March
2025

Purposes of restricted funds Santander Foundation

Funding for the Homefull project in partnership with Talking Money. Homefull project costs include apportioned staff and overheads.

Bellway Homes

Funding for the Homefull project in partnership with Talking Money.

PPL Ltd

Funding for the Bristol Court Advice Network project.

Wessex Water

Funding for the 'Working Up Stream' project.

Funds received for activities to improve the charity's digital infrastructure.

Funding for strategy development.

25

Housing Matters (Bristol)

Notes to the financial statements

For the year ended 31 March 2025

13. Movement in funds (continued) Purposes of restricted funds (continued) Bauer Media

Cash for kids, funding to supply food vouchers to vulnerable families.

National Lottery - Awards for all

Funding for a digital communications project.

National Lottery - Reaching Communities

Funding for the 'Working Up Stream' project.

Charles Plater Trust

Funding for the 'Working Up Stream' project.

Citizens' Advice (Bristol City Council)

Funding for the advice service.

Co-operative Bank Customer Donation Fund

Funding for the 'Working Up Stream' project.

Arnold Clark Community Fund

Funding for the 'Working Up Stream' project.

Prior period comparative

Restricted funds
Santander Foundation
Bellway Homes
PPL Ltd
Wessex Water
Bauer Media
Total restricted funds
Unrestricted funds
General funds
Total unrestricted funds
Total funds
Citizens' Advice Bureau (Bristol City
Council)
Quartet Community Resilience Fund		 At 1 April
2023
£
85,176
-
-
-
-
-
-
85,176
120,052
120,052
205,228		 Income
£
41,666
500
85,000
10,000
4,000
9,996
2,500
153,662
285,413
285,413
439,075		 £
£
(85,176)
41,666
-
500
(85,000)
-
-
10,000
-
4,000
(8,330)
1,666
(750)
1,750
(179,256)
59,582
(253,084)
152,381
(253,084)
152,381
(432,340)
211,963
Expenditure
At 31
March 2024

14. Related party transactions

There were no related party transactions in the current or prior periods.

26