Charity number: 1182930 ASHLEY HOUSE HOSTEL TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ASHLEY HOUSE HOSTEL CONTENTS Page Reference and Administrative Details of the Charity. its Trustees and Advisers Trustees. Report Independent Auditors. Report on the Financial Statements Statement of Financial Activities 10 Balance Sheet Statement of Cash Flows 12 Notes to the Financial Statements 13-23 The following pages do not form part of the statutory financial stalemenls.. Charity Detailed Income and Expenditure Account and Summaries
ASHLEY HOUSE HOSTEL REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees W Hull A Long N Slroud N Gough G Modood (appointed 19 June 20231 C Brisley, (sadly died on 19 January 20241 Charity registered number 1182930 Principal office 14 Somersel Street Bristol BS2 8NB Independent auditors Randall & Payne LLP Chartered Accounlanls Shurdington Road Chellenham Gloucestershire GL51 4GA Page 1
ASHLEY HOUSE HOSTEL TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES The Trustees in office during the year 1 April 2023- 31 March 2024 were.. W Hull A Long N Stroud N Gough G Modood lappoinled 19 June 20231 C Brisley sadly died on 19 J8nu8ry 2024. The trustees have no beneficial interest in Ashley House Hostel. GOVERNANCE AND MANAGEMENT Ashley House Hostel lor Ashley Housel is an ineorporaled charitable 8SSOCi8tion, registered with the Charity Commission under the charity number 1182930, and is governed by 8 wrillen constitution which sets out the procedures for the appointment of Iruslees. Decisions are made by a simple majority of trustees attending and vob'ng at meetings. OBJECTIVES AND ACTIVITIES Ashley House Hostel, which remains an Approved Premises IAPI, provides accommodation for those mostly on parole licences, but also on bail and community sentences, and other services including supervision, information and 8dvice under the provisions of the Courts & Criminal Services Act 2000. ACHIEVEMENTS AND PERFORMANCE In the year to 31 March 2024, we provided 8ccommodalion for 153 residents over 8,052 bed-nighls. Our occupancy was 82.7010 which is below our tsrget of 900/0 OCCUP8ncy but higher than the previous year. All the residents in this period We on licence on arrival al Ashley House. The average length of stay of all residents was 45.3 days, including some short periods of home leave from prison. The longest residence was 184 days. Residents leaving the AP are ealegorised as having successfully completed their residenee or as having failed to complete. In the year under review, 75.8OA of residents successfully completed, having been moved on to other accommodation at the end of their residence requirement or as required by their probation officer, or tUrned to prison after planned home leave. This has remained steady over the previous few years. The MainIng 24.30/0 lèft for a number of reasons, including 8bseonding, breach of Approved Premises rules, failing to comply with drug and alcohol treatment, or committing further offenees. These former residents will have been returned lo jail lif they were on a licencel, or to Court. Ashley House serves the Nation81 Probation Service in the South West and South Central areas for the most part, but also accepts residents from other areas when 8 probation officer is available to supervise them. Page 2
ASHLEY HOUSE HOSTEL TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 In the year under vIeW, we accommodated residents referd lo us from the following other areas." London, the East of England, Wales, KenuSurY1SUSSeX region, Wesl Midlands and the North West region. Probation services classify residents by the risk they present to themselves and to others, and their risk of reoffending. In the period under review, 144 new sIdentS 8rrived, and of those, 10.70/0) was classified as very high risk 143199.3010) were classified as high risk None was medium risk None was low risk We continue lo accommodate a majority of high risk residents. Ashley House seeks lo give due regard lo equality and diversity, and lo this end we record the ethnic background of residents using standard census classifications. We are therefore able lo analyse the number of residents and resident bed nights by ethnic group. In the year under review, 12.2°/o of our occupancy was held by residents from minority ethnic groups. 0.9°h chose not lo disclose their ethnicity. We also seek as far as practicable lo maintain good relations with the local community, recognising the fears and difficulties that neighbours might experience having an Approved Premises in their neighbourhood. Two of our Trustees are, in fact, near neighbours of the Approved Premises, bul we also have a Community Liaison Group ICLGI, al which representatives of the Probation Service and the Approved Premises meet the AP'S neighbours to discuss and address their concerns. Residents under supervision in Approved Premises are subject to curfew and required lo attend meetings and appointments in the AP as well as with their probation officer and other workers. For the rest of their lime, they are allowed lo come and go as they wish. FINANCIAL REVIEW The majority of the Charity's income198.4'h, 2023.. 98.6 lol was reiVed through the contract with the Ministry of Justi, in exchange for the management and operation of the Approved Premises. Total expenditure equalling £1,149,606 12023.. £980,694) was incurred in relation to the operation of the AP, resulting in an in-year deficit of £105,385 12023.. deficit £33, 1391, which reduced totsl fvjnds carried forward lo £1,921,79012023: £2,027,175). A desktop valuation was obtained in the period from Richard Harding (Estate Agents & Valuersl, which supported the net book asset valuation contained within the financial stslements (£1,584,000, 2023.. £1,620,000). The Trustees have therefore opted not lo record any impairment charges in the financial period. Page 3
ASHLEY HOUSE HOSTEL TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 FUNDING POLICY Reslricled funds- these are funds reIVed for specific projects as shown in the statement of finanei81 activities on page 14. Unrestricted funds- these are funds generally available for the 8dministr8tion of the trust which can be expended at the discretion of the trustees in furtherance of the trust's objectives. RESERVES POLICY The Hostel is funded in the main by contr8cls reiVed quarterly from the Home Offi. It is not necessary therefore for the Hostel to carry forward subslanlial 8mounls in reserve. At the period end, reserves held lotalled £1,931,32212023. £2,027,175). Of this, £1,494,35112023. £1,530,351) related to the revaluation reserve. PLANS FOR FUTURE PERIODS The Management Committee has signed a eontr8Ct lo work alongside the Nation81 Probation Service. During this year the amount paid lo Ashley House has been revised and additional funds received lo make staff changes to the working rota- an extra Assistant Manager. General maintenance is currently being Carried out by a eontr8Ctor. REMUNERATION POLICY FOR KEY MANAGEMENT PERSONNEL Key Management personnel pay rates are in line with other charities or companies of a simi18r size. STATEMENT OF TRUSTEES, RESPONSIBILITIES Charities18w requires the trustees to prepare financial statements for each fin8nci81 year which give 8 true and fair view of the stale of aff8irs of the trust and of the profit or loss of the trust for that period. In preparing those financi81 statements, the trusteès are required to". select suitable accounting policies and then apply them consislenlly make judgements and eslimales that are reasonable and prudent prepare the financial stslements on the going concern basis unless it is inappropriate to presume that the trust will continue in business The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the trust lo enable them lo ensure that the financial statements comply with the Charities Acts. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 4
ASHLEY HOUSE HOSTEL TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF DISCLOSURE OF INFORMATION TO THE AUDITOR The trustees who held office at the date of approval of this annual report confirm that. so far as they are aware, there is no relevant, information needed by the Irusl's auditor in connection with preparing his report, of which the trust's auditor is unaware., and they have taken all the steps that they ought lo have taken as Iruslees in order lo make themselves aware of any relevant information and to establish that the trust's auditor Is aware of that information. Approved by order of the members of the board of Tnjstees and signed on their behalf by.. N Stroud Ichair of Trustees) Dale.. 30 January 2025 Page 5
ASHLEY HOUSE HOSTEL INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ASHLEY HOUSE HOSTEL Opinion We have audited the financial statements of Ashley House Hostel Ilhe 'charity'l for the year ended 31 March 2024 which comprise the Slalement of Financial Aclivilies, the Balan Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is 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 A¢pted Accounting Practi1. The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standards appIlble in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the exlanl regulations bul has been withdrawn. This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. In our opinion the financial statements.. give a true and fair view of the stste of the charity's affairs as al 31 March 2024 and of ils incoming resources and application of resources for the year then ended., have been properly prepared in accordan with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors. responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concorn In auditing the financial statements, we have concluded that the Trustees, use of the going COnM basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or Collectively, may cast significant doubt on the charity's ability lo continue as going COnM for a period of al least e1ve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the relevant sections of this report. Page 6
ASHLEY HOUSE HOSTEL INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ASHLEY HOUSE HOSTEL ICONTINUEDI other information The other information comprises the information included in the Annual Report other than the financial slalements and our Auditors, Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicitly slated in our report, we do not express any fomi of assurance conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misslatemenl in the financial statements themselves. If, based on the wort< we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing lo report in this regard. Matters on which are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the information given in the Trustees, Report is inconsistent in any material respect with the financial slalements., or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records and returns., or we have not received all the information and explanations we require for our audit. Responsibilities of trustegs As explained more fully in the Trustees, Responsibilities Stslement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustees determine Is neTrssary to enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conrn basis of accounting unless the Trustees either intend lo Iiquidale the charity or to cease operations, or have no realistic altemalive bul to do so. Page 7
ASHLEY HOUSE HOSTEL INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ASHLEY HOUSE HOSTEL ICONTINUEDI Auditors. responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect Ihereunder. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misslatemenl, whether due to fraud or error, and to issue an Auditors, Report that includes our opinion. Reasonable assurance is a high level of assuran, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misstalemenl when il exists. Misstalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial stalemenls. Irregularities, including fraud, are instances of non-complian with laws and regulations. We design procedures in line with our responsibilities, outlined above, to delecl material misstatements in respect of irregularities, including fraud. The extent lo which our procedures are capable of delecling irregularities, including fraud is detailed below.. Capability of the audit in detecting irregularities Irregularities, including fraud, are instances of non-complian with laws and regulations. We design procedures in line with our responsibilities, outlined above, to delecl material misstatements in respect of irregularities, including fraud. The extent lo which our procedures are capable of delecling irregularities, induding fraud is detailed below.. We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due lo fraud and how it might occur, by holding discussions with management and those charged with governan. We obtsined an understsnding of laws and regulations that could reasonably be expected lo have a material effect on the financial statements through discussion with management and those charged with governance, including financial reporting and taxation legislation. We considered that extent of complian with those laws and regulations as part of our prOdureS on the related financial statement items. We Inquired of management and those charged with governan as to any known in$tsnS of noncompliance or suspected non-compliance with laws and regulations. We remained alert to any indications of noncomplian throughout the audit We addsSed the risk of fraud through management override by reviewing the appropriateness of a sample of joumal entries and other adjustments", assessing whether the judgements made in making key accounting eslimales are indicative of a potential bias., and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business that we come across throughout the audit. Because of the inherent limitstions of an audit, there is a risk that we will not detect all irregularities, including those leading lo a material misslalemenl in the financial stslemenls or non-complian with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial stslemenls, as we will be less likely to become aware of InStanS of non-compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website al.. www.frc.o .ukJaudilorsres onsibilities. This description forms part of our Auditors, Report. Page 8
ASHLEY HOUSE HOSTEL INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ASHLEY HOUSE HOSTEL ICONTINUEDI other matters - Prior Period Financial Infomiation The financial statements for the year ended 31 March 2023, presented as comparative information, were not audited. Accordingly, we do not express an opinion on the comparative information for that period.0 Use of our report This report is made solely lo the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we m ighl slate lo the charity's trustees those mallers we are required to stale to them in an Auditors, Report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility lo anyone other than the charity and ils Iruslees, as a body, for our audit work, for this report, or for the opinions we have formed. & P4y¢ Randall & Payne LLP Chartered Accountants statutory Auditors Shurdinglon Road Cheltenham Gloucestershire GL514GA Dale." 30 January 2025 Randall & Payne LLP are eligible to ael as auditors in terms of section 1212 of the Companies Ael 2006. Page 9
ASHLEY HOUSE HOSTEL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Charitable activities Investments 1,046.407 {2.186) 1,046.407 {2.186) 945.457 2,703 Total income 1,044,221 1,044,221 947,554 Expenditure on: Charitable activities 1,149.606 1,149.606 980.693 Total expendlture 1,149.606 1,149.606 980,693 Net movement in funds 1105.3851 1105.3851 (33, 139) Reconciliation of funds.. Total funds brought forward Nel movement in funds 2,027.175 105,3851 2,027.175 1105,385) 2,060,314 (33, 139) Total funds carrigd forward 1,921.790 1,921.790 2,027. 175 The Ststemenl of Financial Activities includes all gains and losses recognised in the year. The notes on pages 13 to 23 form part of these financial statements. Page 10
ASHLEY HOUSE HOSTEL BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Tangible assets 10 1,584,000 1, 620.000 1.584.000 1, 620.000 Current assets Debtors Cash al bank and in hand 1.363 665.568 3, 195 707,584 666.931 710,779 Creditors.. amounts falling due within one year 12 1329.1411 (303, 604) Net current assets 337.790 407, 775 Total assets less current liabilities 1.921,790 2,027,175 Net assets excluding pension asset 1,921,790 2,027,175 Total net assets 1.921,790 2,027. 175 Charlty funds Reslricled funds Unrestricted fvjnds 14 14 1.921.790 2,027, 175 Totsl funds 1.921.790 2,027,175 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. N Stroud ICh8ir of Trustees) Dale." 30 January 2025 The notes on pages 13 to 23 form part of these fin8nei81 statements. Page11
ASHLEY HOUSE HOSTEL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operatlng actlvltles Nel cash used in operating activities 149,3621 8.903 Cash flows from Investlng actlvltles Interests 7,346 2.103 Net cash provided by investing activities 7,346 2.103 Cash flovts from financing activities Net cash provided by financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year (42,0161 707,583 11.006 696,577 Cash and cash equivalents at the end ofthe year 665,567 707.583 The notes on pages 13 to 23 form part of these financial statements Page 12
ASHLEY HOUSE HOSTEL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General information Ashley House Hostel lor Ashley House) is an incorporated charitable association, registered with the Charity Commission under the charity number 1182930 and is governed by a written conslitulion, and the Charities Act 2011. Accounting policies 2.1 Basis of preparation of financial ststements The charity conslitules a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10212nd edition, and the Charities Act 2011. 2.2 Fund a¢¢ounting Unrestricted funds are available ft)r use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. Restricted funds are subjected lo restrictions on their expenditure imposed by the donor or through the terms of an appeal. 2.3 Income All income is included in the statement of financial activities when the charity is entitled lo the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.. Voluntary income is received by way of grants. donations and gifts and is inclLJded in full in the Statement of Financial Activities when receivable. Gr8nts, where entillemenl is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. iii. The value of services provided by volunteers has not been included in these accounts. iv. Investment Income is included when receivable. Income from charitable trading activities is accoLJnted for when earned. Income from grants, where related to performance and specific deliverables, are accounted for as the charity eams the right lo consideration by its performance. Page 13
ASHLEY HOUSE HOSTEL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinuedl 2.4 Expenditure Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered i. Costs of generating funds comprise the costs associated with attracting voluntaryincome and the costs of trading for fundraising purposes. ii. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. 11 includes both costs that can be allocated directly lo such activities and those costs of an indirect nature necessary lo support them. iii. All costs are allocated beeen the expenditure categories of the SOFA on a basis designed lo reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis. 2.5 Tangible fixed assets and depreciation Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into ils intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their eslimaled useful lives, using the straighl-line method. Depreciation is provided on the following basis.. Freehold propety slraighl-line over 50 years 2.6 Pension Scheme The charity participates on behalf of its staff in the Avon Pension Fund which is a fvnded defined benefit scheme. An actuarial valuation was carried out in 2010 which indicated a deficit of £256,000 in respect of the Fund's liabilities towards the charity's staff. This deficit was provided by the National Offender Management Services Inow the National Probation servis) and the amount is held in separate bank account in case it needs to be drawn on. The most recent actuarial valuation was carried out in 2014 which indicated a slight reduction in this deficit 10 £232,000. Interest earned on deposited monies held in escrow is accrued against the pension liability in the financial slalemenls, in accordan with the legal contracts which govern it. 2.7 Fixed assets held at revalued amounts Freehold property is held under the revaluation model. This amount is the asset's fair value al the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value al the end of the reporting period. See detail in note 3 regarding the revaluation of the freehold property in the current financial year.. Page 14
ASHLEY HOUSE HOSTEL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinuedl 2.8 Liabilities and provisions Liabilities are recognised when there is an obligation al the Balance Sheet dale as a result of a past event, il is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that the Charity anlicipales il will pay to sellle the debt or the amount il has reiVed as advanced payments for the goods or services it musl provide. 2.9 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. Income from charitable activities Unrestricted funds 2024 Total funds 2024 Total funds 2023 Income from charitable activities 1,046,407 1.046,407 945,451 Total 2023 945,451 945,451 Investment ineome Unrestricted funds 2024 Total funds 2024 To181 funds 2023 Investment income 12,1861 12,1861 2.103 Total 2023 2,103 2,103 An historical correction lo investment income was recorded in the period. Page 15
ASHLEY HOUSE HOSTEL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2024 Total 2024 Total 2023 Charitsble activities 1,149,606 1.149,606 980,693 Total 2023 980,693 980, 693 Anatysis of expenditure by activities Support Costs 2024 Total funds 2024 To181 funds 2023 Charitable activities 1, 149,606 1.149,606 980.693 Total 2023 980.693 980, 693 Auditors. remuneration 2024 2023 Fees payable to the Charivs auditor ft)r the audit of the Charity's annual accounts 5,950 This is the first year in which the Charity has met the audit threshold and accordingly there was no audit fee borne by the Charity in the prior year. Page 16
ASHLEY HOUSE HOSTEL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 staff costs 2024 2023 Wages and salaries Social security costs Contribution lo defined contribution pension schemes 598,045 35,918 188,139 530.504 39.448 126,998 822,102 696,950 The average number of persons employed by the Charity during the year was as follows.. 2024 No. 2023 No. Employees 22 18 No employee reiVed remuneration amounting to more than £60,000 in either year. Trustees. remuneratlon and expenses During the year, no Trustees reiVed any remuneration or other benefits {2023- £NIL). During the year ended 31 March 2024, no Trustee expenses have been incurred (2023- £NILJ. Page 17
ASHLEY HOUSE HOSTEL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Tangible fixed assets Freehold property Plant and Fixtures and machinery fittings Office equipment Total Cost or valuatlon At 1 April 2023 1,800,000 5,821 9,584 12,591 1,827,996 At 31 March 2024 1,800.000 5.821 9.584 12.591 1,827.996 Depreciation At 1 April 2023 Charge for the year 180.000 36.000 5.821 9.584 12.591 207.996 36,000 At 31 March 2024 216,000 5,821 9,584 12,591 243,996 Net book value At 31 March 2024 1,584.000 1,584,000 At 31 March 2023 1, 620,000 1, 620,000 The property was revalued on 10 January 2025 by Richard Harding (Estate Agents and Valuersl, al a market value of between £1,500,000 and £1,750,000. The Trustees consider that the current valuation in the financial statements falls within this range and have therefore opted not lo adjust the valuation in the accounting period.1 11. Debtors 2024 2023 Due within one year Prepayments and accrued income 1,363 3.195 1,363 3.195 Page 18
ASHLEY HOUSE HOSTEL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Creditors: Amounts falling due within one year 2024 2023 Trade creditors other laxalion and social security Other creditors Other creditors". Pension escr()w monies Accruals and deferred income 14,768 10,709 18,272 265,532 19,860 12,523 10.329 12,093 256,000 12,659 329,141 303.604 13. Flnanclal Instruments 2024 2023 Financial assots Financial assets measured at fair value through income and expenditure 665,568 707,584 Financial assets measured at fair value through income and expenditure comprise cash al bank and in hand. Page 19
ASHLEY HOUSE HOSTEL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Statement of funds statement of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Income Expenditure Unrestricted funds General Funds - all funds Revaluation reserve 496,824 1,530,351 1,044.221 {1.149.6061 36,000 136,0001 427.439 1,494.351 2,027.175 1,044.221 {1.149,6061 1,921.790 statement of funds - prior year Balance at 31 March 2023 Balance at l Apnl 2022 TTrnsfgrs in/out Income Expenditure Unrestricted funds General Funds - all funds Revaluation reserve 493,963 1,566,351 947,555 (980,694) 36,000 (36,000) 496.824 1, 530,351 2,060.314 94T.555 (980,694) 2,027. IT5 Page 20
ASHLEY HOUSE HOSTEL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Summary offunds Summary offunds - current year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Income Expenditure General funds 2,027,175 1,044,221 {1,149,6061 1,921,790 Summary offunds - prior year Balance al 31 March 2023 Balance at l April 2022 TTrnsfg in/out Income Expenditure General funds 2,060.314 941.555 {980, 694) 2,027.115 16. Analysls of net assets between funds Analysls of net assets between funds - current perlod Unrestricted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 1,584,000 666,931 1329,1411 1,584.000 666,931 1329.1411 Totsl 1,921,790 1,921,790 Page 21
ASHLEY HOUSE HOSTEL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Analysis of net assets between funds {continuedl Analysis of net assets between funds - prior period Unreslricled funds 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 1,620, 000 710, 779 (303, 604) 1, 620.000 710,779 (303,604) Totsl 2,027, 175 2,027,175 17. Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltles 2024 2023 Nel expenditure for the period las per Statement of Financial Acliviliesl 1105,3851 (33, 139) Adjustments for: Depreciation charges Decreasellincreasel in debtors Increase in creditors Interest 36,000 1,832 25,537 17,3461 36.000 (2,303) 10,448 (2, 103) Net cash provided byllused inl operating activities 149,3621 8.903 18. Analysis of cash and cash equivalents 2024 2023 Cash in h8nd 665,567 707,583 Total cash and cash equivalents 665,567 707.583 Page 22
ASHLEY HOUSE HOSTEL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19. Analysis of changes in net debt At 1 Aprll 2023 Cash flows At 31 March 2024 Cash al bank and in hand 707,584 142.0161 665.568 707,584 142,0161 665.568 20. Pension commitments The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amoLJnted lo £188.13912023 £126,998) were payable lo the fund at the balance sheet date and are included in creditors. 21. Post balance sheet events Transfer of operations In April 2025. the contract for the management and operation of the approved premises will transfer back lo the Ministry of Justice. The Charity will remain open for al least the 12 months from the signing of the financial statements, albeit with significantly scaled down operations. Page 23
ASHLEY HOUSE HOSTEL INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 2024 2023 2023 Income Investment income Contract income Residents, rent {2,1861 1,037.392 9.015 2,103 935,096 10,355 1,044,221 947,554 Gross income in the reporting period 1.044.221 947.554 Less: Charitable activities 1,149.606 980, 693 1,149,606 980,693 Total expenditure Deficit for the reporting period Surplus brought forward at 1 Aprll 2023 1,149,606 980,693 1105.385} 2,027,175 (33, 139) 2,060,314 Surplus carried forward at 31 March 2024 1,921,790 2,027,115 The notes on pages 13 to 23 form part of these financial statements. Page 24