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 refer￿d lo us from the following other areas." London,
the East of England, Wales, KenuSur￿Y1SUSSeX 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 re￿iVed 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 re￿IVed 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 re￿iVed 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 Practi￿1.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities
preparing their accounts in accordan￿ with the Financial Reporting Standards appIl￿ble 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 COn￿M 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 COn￿M 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 con￿rn
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 prO￿dureS on the related financial statement items.
We Inquired of management and those charged with governan￿ as to any known in$tsn￿S of
noncompliance or suspected non-compliance with laws and regulations. We remained alert to any
indications of noncomplian￿ throughout the audit
We add￿sSed 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 InStan￿S 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 be￿een 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 servi￿s) 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 re￿iVed 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 re￿iVed remuneration amounting to more than £60,000 in either year.
Trustees. remuneratlon and expenses
During the year, no Trustees re￿iVed 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