) Centre for Homelessness Impact ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30JUNE 2023 COMPANY NO. 117325CK) CHARITY NO. Englarld & Wales 1183026 Scotland SC049501 111 •ACXRAWE2' 2710212024 COMPANIES14OUSE
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Centre for Homelessness Impact Trustees. Report for the year ended 30 June 2023 CONTENTS Page RefererKe and Administrative Information Trustees. Report Independent Auditor's Report Statement of Financial AciivFties 14 Balance Sheet 15 Statement of Cash flows 16 Notes to the Financial Statements 17
Centre for Homelessness Impact Trustees, Report for the year ended 30 June 2023 REFERENCE ANDADMINISTRATIVE INFORMATION Company Number 11732500 Charity Registralion Numb 1183026 England & Wales SC049501 Scotland Principal & Registered OffKe The Evidence i)Jarter Fovrth Floor Albany House Petty France London SWIH 9EA Trustees Trustees in office from 1 July 2022 to the date of ihis rewrt are as foll0v.. Stephen Charles Aldridge Humphrey William Battcock Joanna Margaret Bibby Profes5c Kenneth Dav Buchanan Gibb Glyn Halksworth Andrew Peter Hudson Selina Valencia Mct)onakJ Jarnes Edward Turner Senior Management Team Dr Ligia Teixeira. Chief Executive Ni811 Larkin. Head of CorFX)rate Semces Guillermo Rod(Iguez-Guzman. Head of Evidence and Data Maria Dumitrescu-Gherman. Head of Development Greg HursL Head of Communications and Public Affairs Rob Anderson. Head of ImplemenL8tion and Policy Maithew Wilkins Head of Value for Money Audhor Knox Cropper LLP. 65 Leadenhall Stree( London EC3A 2AD Bank Lloyds, 25 &esham StreeL London. EC2V 7HN
Centre for Homelessness I mpact Trustees, Report for the year ended 30 June 2023 The Trustees present their report and fmancial staiements the year ended 30 June 2023. The reference and administrative information set OLrt on page I forms part of this report. The rinancial 5talements comply with current statutt)ry requirements, the memorandum and articles of association. the requirements of a directors. report as required by company law. and the Statement of Recommended Practice Accounling and RepcYts"ng by Char%iies {SORP applicable to charities preparing iheir accounts in accordance th FRS 102 Isecond edition - effective 1 January 2019). OBJECTIVES AND ACTIVITIES OUR STRATEGY Our vision, set out in our strategy launched in 2019, remains to end homelessness for good. and to create .8 Society in which any experience of homeles5riess Is prevented wherever possible and, where it does occur. is rare. brief and non-recurring. Central to delivering this will be encouraging a greater focu5 on weventing people from fallin9 into FTh)melessness. To achieve this, we seek to encourage and supwrt decision-makers lo use the best knowledge available to improve the effectiveness of how homelessness is iackled and prevenied. We carry out our activities under the following three strands- 1. Evidence & Dats Make evidence acce55ible and rill the gaps 2. Implementation Supporting data and eviden to be applied in wacii 3. Movement Building Mobilising a learning cullure SIGNIFICANT ACTIVITIES Evldence and Data - Maklng evldence accessible and filling the gaps We generate and synthesise evidence and addie55 gap5 111 the evidence base either directly, by commissioning new studies randomised controlled trials and systematic reviews. or indirectly. by encouraging others to do so. We also map the existing ewdence to inform decisions. We have woduced some key evidence tools, including Evidence and Gap Maps, which collaie every high quality study written in English conducted on homelessnes5 interventions an¢Y organises Ihem by type of intervention and outcomes. Our Intervention Tool provides a simple swnmary oflthat the evidence says for some of the mosl cornmon homele55ne5S Illterventions. We continue to develop these tools and create new ¢e5 thai put reliable evidence at people's Iingertips afKJ improve their understanding of what w(xks and what doesn't. Implementation- Supporting dala and evidence to be applied in praclice We engage directly wilh people workn.ng in and around homele55ness to use evidence and data to enhance the impacl of their aciivity. Through Evidence Coaching partrrships and Evi(1ence Tools, we provide resources and semces that help practilioners with analyb'cal frameworks and practical skills to evaluaie 8n(J use data and eviden to deliver greater impaci.
Centre for Homelessness I mpact Trustees, Report for the year ended 30 June 2023 Movement Buikling - Mobllislng a learnlw culiure Our aim is to create a moveffleni of people committed lo engaging wilh and acting orl evidence to relieve and prevent homelessness. We sk to encourage a leaming culture within the homelessness t0. both in statutory serwces and in voluntary and community Ofganisations. but also to work with people from beyond Ihe sector to bring new thinkn.ng and additional capacity to the challenge of ending homelessnes5. We do this by disseminaling insights fTom our work to diverse audiences through publications. articles. and other forms of media. through our flagship Homelessnes5 Impact Forums and other events. and through our nelwork of evidence Ghampions committed to using tetier evidence lo end homelessness. ACHIEVEMENTS AND PERFORMANCE 2022-23 saw Ihe Centre exiend the range of its activities and become rrK)re clearly influential in strategy and practice in the UK. More evidence has been assembled. and are now working wilh over 1(K) local authorities to support implementation. As part of this, we began a new strand of work on the value for money of different interventions, th findings being made public in the latter part of 2023. In Sepiember 2022, the UK Govemment published a strategy document. Ending Rough Sleeping For Good (CP713).' Ihe Cenire contributed evidence in advance, and we were very pleased thal the government decided to roll out a new data-led frameworK which it said was developed Vth the Centre. defining what ending rough sleeping means. The strategy also announced the investment of some £15m into a new Tesl and Learn programme. piloting innovative approaches to ending rough sleepng. and a system evaluation to improve the evidence base further. A Major focus for the remainer of 2022-23 was conducting the feasibility Study for these programmes and bidding for the contra. The government announced in November 2023 that we had been selected to run the two programrne5'. this gives us the OPFX)rtunity to deliver a slep increase in the evidence available for tackling rough sleeping. The next section provides more detail about our Vrk in 2022-23. Building the evidence base The plans for the Test and Leam programme are managed by the Department for Levelling Up, Housing and Communities. It is designed 10 trial and evaluaie Lnterventions in local areas to develop and share the best examse5 ofwhat works. The departrnent invited tenders to conduct feasibility sludy into how the programrne would be sei up to achieve maximum impact and to involve local areas in shaping this iniiiative from the outset. The Centre was appointed ihrough this wocess to conduct ihe feasibility study into the programrne. and this was a major focus of our work ihroughout the year. We engaged rnore than 120 local and regional authorities and identified more than 2(M) txomi5ing Interventions to feed inio scoping the prTrJramme. In Novemt*r 2023. the Centre was announced as the delivery agency for the programme il5elf. also to be called Test and Leam. and for a siralegic evaluation of the homelessness and rough sleeping system. with a total value of £15 million. The Test and Learn programme.. a DLUHC grant to undertake a feasibility Study for an innovaiive new programme of trials in homele5sne55 and rough sleeping. The purpose of the feasibility study was40 identify. scope and co-create a series of projects to fund new services and their evaluations and to evaluate some exisling seThices. The feasibility Sludy lay the grounds for the E15m initiats.ve that followed it. The
Centre for Homelessness I mpact Trustees. Report for the year ended 30 June 2023 Systems Wide Evaluatron will include analysis of the monrtoring framework and economic impact of the homelessness and ri)ugh sleeping system and evaluations of individual programmes including the Homelessness Prevention GranL Rough Sleeping initiative, Rough Sleeping Accommodation PtO9ramme arKI AccommodatK)n for Ex-offenders scheme. Building evidence-led practice Since March 2022 we have been working to co-desrgn a delled framework to define and measure progress towards ending rough sleeping in England, in partnership wilh the Departmeni for Levelling Up, Housing and Communities IDLUHC) and five 'Early A(Jopterf local areas {London. Greater Manchester. the West Midlands, Newcasile and Bournemouth. Christchurch and PthJle}. Ffom this work five core daia indicators were agreed.. the number of people sleety'ng rough", the number of new people sleeping rough.. the numt*r of people discharged from institutions- Ihe numbef of people sleeping rough long term., and the number of people repe8ts.ng rough sleeping. As 8 result of this DLUHC asked all local auth)rilies to collect dala on these indicators on a monthly basis from May 2023. In January 2023 we created a new value money programme. This is designed to support local authorities to achieve the best outcomes Frt)ssible for people experiencing hornelessness. or at ri5l by understanding what local areas need to have in place to assess whether their services are delivering ecornmy. efficiency and effectiveness. The initial focus of the value for money programme has been on kncal spending on temForary accommodats'on. We developed this work during visits to local authorities including Hackney, SoLrthend, and Bournemouth. Christchurch and Poole. We also carried OLrt an in-depth exercise in partnership with the Northern Ireland Housing Executive. during the spring of 2023, to analyse ils spending on iemporary accommodaiion. Building a movement for evidence-led change In January 2023 we launched an open-source collectK)n of realistic images showing experiences of homelessness in the UK as they aclually are.. image5 of people living in temporary accommodation, sofa surfing, unfil or over-crowded housing. hostel accommodation and street homelessness. The original colleclion featured 26 peopAe. including family groups, and around 300 images. A new collection of photographs of dog oymers affected by hornelessne55 was added in August 2023 with another 12 individuals and 1Tr) photogfaphs. Images from this collection have been downloaded more than 5.CMX) times from organisats.ons all over the world. We collaborated the Orwell Foundation to develop the Orwdl Prize for Reporting Homelessness to celebraie and showcase rewrting and storyielling about homelessne55 Ihat makes rigorous use of evidence and data. shares personal experiences of homelessness in an impactful way and helps to change the conversation on homele55ness. The prize opened for entries in November 2022 and a toial of 73 eligible entries were received by the c105ing date. Of these 30 entries (41%) were by an entrant or team with at least one member wilh lived experience of homelessness and 29% included at leasl one piece of new work that had not previously been published. The judges short-liste(J nine entries from vthich they chose twojoint winners, who shared the prize in June 2023.
Centre for Homelessness Impact Trustees. Report for the year ended 30 June 2023 PLANS FOR FUTURE PERIODS Evidence and data In Novernber 2023. the Centre was announced as the tJelivery agency fof the wogramme including a strategic evaluation of the homdessness and rough sleeping system, with a iotal value of £15 million. The Tesl and Learn and Systems Wide Evaluats"on programrne will run for three years, until January 2027, ano will include a series of initiaiives offering funding to local authorities and third secior organisations to deliver new service5, as well as funding for the evaluaiion. The programme Vdill also include an evaluaiion of the homelessness and rough sleeping system. and some of DLUHC'S funding mechanism5 such as the Rough Sleeping Initiative. In 2023-24, V also hope to see the iniiial insights from a number of ongoing trials. including out-of-borough mobility. cash transfer5. early legal adwce lo prevent evictions. and the evaluation of ihe'Everyone In Social Investment Pilot,. We will also CtInUe the regular update of our Evidence Tools that bring together the evidence base about homele5sne5S IllteTvention5. Our main areas of focus in the coming year will be to evaluate the following= 1} Individual PLicement and Support {IPS): A specialisi employment service for people with high sUPPOrt needs that focuses on hdpng peopk to acce55 paid employment irnmediately, alongside the offer of ongoing in-WOTk support. 2) Outreach with a health specialism: including a healih specialist as part of a rough sleeping outreach team which is intended to benefit people with more acute health rwjs but should have a positive impact on other individuals. "3) The Citsdelcfommunity inlegration and relationshlps: community volunteers who support people who have experienced IKsmelessness with practical support and companionship inclLJding activilies like furnishing their home. connects.ng with thr community. seeking worK accessing se5 or developing a hobby. 4) Personalised budgets for people experiencing homelessness: the aim is to provide financial SUPFQrt lied to a purFKJse thai would allow them to exit homelessness. This may include things like Iwying work tools. gettsTrg a driver's licence, or securing a dewsit. 5) Time-limited accommodation and advicefor people with lirnited eligibillty to public funds.. This intervention wovides legal advice and time-limited accommodalion. usually for up to 20 weeks, Feople sleeping rough who have limited recourse to public funds due to their immigration Status. 6) Accommodate or connecL" Options are often limited for individuals sleeping rough without a local connection. Under this proiecL people who have no local connects.on lo the area will be offered temporary accommodats.on in the borough or SUpted to make a voluntary reconnects"on. 7) Young people leaving care: An evaluation of the Department for Education's funding for intensive, individual supwrt for yixjng people leaving care and joint working arrangemenis with local authority housing and (xher key services. 8) Better use of council data to prevent h¢)melessness: Using a data science platform to combine data from across the local authorily 10 identify households at greater risk of hornelessness due to financial stress and offer support in a human-tred way. such as a payrnent plan that would mean avoiding courL bailiffs. and additional costs.
Centre for Homelessness Impact Trustees, Report for the year ended 30 June 2023 ImplemenlatSon Alongside strengthening our Evidere Coaching yrk. including w)rking c105ely with individual local authoritie5 thal we visit to prowde them with insight into how to improve valbe for money. we will also be experimenting wilh ways we can significantly expand ihe reach of our ability to help organisations understand and use evidence. improve their use of data. and enhance their impact. In 2022-23, we saw rapid progress in Cr Ending Homelessness FraffEworks wogramme and this year we are setting our sights higher. In England. we will continue to supwl DLUHC to embed the Ending Rough Sl&ping Framework and be looknng to partner with local areas to develop a model for all forms of homelessness. In Scotland. we will continue io embed the Framework with our local area partners. and support ihe Scottish Government'5 Measurement Task and Finish Group. We will SUp)rt the Welsh Government to engage with local areas, data and impact needs in the ongoing development of their national outcomes framework. Mobilisation Our working assumption is that all the ewdence. data and iools we already have can work harder for us and be used by more peOe across the UK and beyon(J. So we will double down on amplifying what we already know. by being more targeted in term5 of our audnceS and how we tailor our di55emination efforts to create maximum engagement and impact. Evidence suggests that people are most likely lo resp)nd to recommendation5 from members of their own peer grp. We will consultwith our network of 'evidence champions. io gain deeper insights into forms of communications and other outputs most suited to target audiences working within the homelessne55 sect(w arKJ refine our Iwxlts accordingly. Insights from Ople wrth personal experience of homele55ne55 have always been integral to our work. In 2023-24 we will formalise this to Cfeaie a Lived Experience Network, whose members will be invited to offer inwl and challenge from the concepts.on stage of evidence. implementation and mobili5ab.on projects. This sFK)uld expand our pool of potential speakers at events, participanis in workshops and yjpwrters and leaders of a movement for evidence-led change to end homele55ness.
Centre for Homelessness Impact Trustees. Report for the year ended 30 June 2023 FINANCIAL REVIEW RESULTS FOR THE YEAR In the financial period under review. the total unrestricted incoft was £1.801.CMX) 12022: £1,650,013) made up of donations from individuals. Restricted inwme. COM'S1n9 donations from organisaiions amunted to £884.259 (2022.. £461,797) Total unrestricted expenditure for the year was £1.850.994 (2022.. £1.579.4001. Restricted expenditure was £808.199 {2022.. £352.9861. The overall surplus for ihe year was £26.066 (2022: £179.423). This resulied in overall reserves at the yearend of £587,660 ma(Je up of £326,640 unrestricted fun(Js and £261,020 in restricted funds12022.' £561,594 comprised of £376,635 in unrestricted funds and £184,960 in restricted funds). FUNDING The charity is funded primarily by generous d(ationS receibEd during the year from those shing to support the work of the charity. During the year. we have received funding from a variety of sources. fcff both core costs. 85 well a5 project work. Some of the largest grants ¥ secured came from". Comic Relief, the Cabinet Office, UKRI/ ESRC, NIHI Si Manin-in-the-Fields Charity and The John Ellerman FourKJation. We are incredibly grateful to all our supporters for enabling us to conts'nue our work. RESERVES POLICY This policy is designed to reflect the underlying risk5 facing the charily and to ensure thai the Centre has an appropriate levd of reserves lo coverall costs should the chanty cease to operate. The Charity maintains its reserves under tvrt) categones.. la) unrestricted (general) reserves, which are available for general use in wrsuance of the charity's objective5. and (b) restricted reserves. The Trustees have determined thai ihe charily shojld hold at least 3 months, of running expenses in reserve. This figure represents the amounl required to run the charity for 3 months. excluding any special projects. Based on this calculation, Ihe required value of reserves for the year to 30 June 2023 is £450.0(K). The Trustees review the Charity's reseThes tx)licy on an annual basis. The reserves position is reported at every board meeting. The free reserves of the charity as ai 30 June 2023 totalled £322.24512022.. £349,880). The slight fall in free reserves reflects &gnificant expansion in the organisalion. The trustees will be looking to close the gap betwen actual and target reserves over the coming years by a combination of income diversification and generatK)n and cost control. GOING CONCERN The trustees consider that there are no material uncertainties about the charity s ability 10 continue as a going concern. The charity's CO funding has confimed. and the arrangement is in line th those in place since the Centre started operations four years ago. Restricted income from DLUHC (Department for Levelling Utx Housing and Communities), Manchester Metropolrtan University. John Eiierman Foundaiion, Cabinet Office Evaluation
Centre for Homelessness Impact Trustees. Report for the year ended 30 June 2023 Accelerator Fund. Big Socw Capttal. Si Martin-in-the-Fields, UKRI/ ESCR and Comic Relief has been budgeted for in accordance with the funding agreements held with each institution. Expenditure has been planned on the basis of confirmed funding. The chwity retains the flexibility to adjust activities and reduce discrete project expenditure, should this ever be necessary, and if agreed income did not come in as expected. The charity also hold5 sufficient reserves to wovi(le time io make appropriate adjustments if other income were io reduce. The trustees do not consider ihat there are any sources of estimation uncertainty at the reporting date that have a 5ignificani risk of causing a material adjustment to the levels of as5els and liaf)ilities within the next reporting period. As deiailed in note 20, in forming this opinion, they have considered. among other ihings, the lasting impact of the COVID.19 pan¢Yemic and cost of living crisis on both income and expenditure for at least a period of Iwelve months from the date of approval of thesefinancial staternents. AcC(dInglY. theycontinue to adopt the going concem basis in preparing the accounts. RISK MANAGEMENT The Trustees have fesponsibility for en5urtng that the charitable company has in place an appropriate system of controls. financial or otherwise, to prowde reasonable assurance that the charitable company is 0ratIng effe1VelY in line with Chwity Commission guidelis. Trustees actively manage risks through a risk register, which is reviewed and UFKYaled at leasl twice a year. Systems and procedures to rnits.gate those risk5 identified in the register are established and procedures irnplemenied to minimise the impact on the charity, should risks materialise. STRUCTURE, GOVERNANCE AND MANAGEMENT The company was established under a rnemorandum of association which established the objects and wwers of the charitable company and is governed under its articles of3ssociation. All trustees give their time voluntarily and receive no nerr(S from charity. TRUSTEES AND MEMBERS The appointment of Trustees is governed by the Articles of A550ciation of the Charitable Company. At the end of June 2023, the Centre had eight Trustees. Trustees meet five times each year. Induction and Iraining of new trustees 15 carried out by the Chair arKJ other trustees with support from the CEO. ORGANISATIONAL STRUCTURE & DECISION MAKING Overall responsibility for the Centre rests the board of truslees. The day to day running of the Centre is led by the CEO. who reports to the Chair of Trustees. The CEO manages a senior team comprising the Head of Evidence & Data. Head of Corporate SeNces. Head of Practice & Partnerships, Head of Development and the Head of Communications and Public Affairs. The ExecLrtive Team has reswnsibility for managing the staff of the Charitable Company which, at 30 June 2023. slood at 18 staff. REMUNERATION POLICY FOR KEY MANAGEMENT PERSONNEL The key management personnel of the charity are those persons having authority and responsibility for planning directing and controlling its activities. directly or indirectly, including any irustee of the charity. In addition to the Irustees. key management personnel include the Chief Executive, Head of Corwrate Services. Head of EVKIen & Dat4 Head of Implementation.
Centre for Homelessness Impact Trustees, Report for the year ended 30 June 2023 Head of Value for Money, Head of Development arKI the Head of. Mobilisation & Communications. The pay of the Chief Ex6rutive 15 set by the irusi&s. All other rx)sts and salaries are set by the Chief Executive in consultation th the trustees. using intemal pay scale5. Remuneration is rewewed annually and perK)dically benchmarked. Truslees are not remunerated. STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees Iwho are also direclors of the charity for the purposes of company lawl are responsible for preparing the Trusiees. Rep)rt and the financial statements in accordance with pplicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepled Accounting Practice). Company law requires the Trustees to prepare financial #atements for each financial year which give a true 8nd fair view of the income and expenditure of the charitable company and its state of affairs at the end of that period. In preparing those ststements the Trustees are required to.. select sutt8ble accounting policies and then apply them conslstently. observethe methods and principles in Accounting and Rep)rtin9 by Charities.. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 1021.. rnake judgements and estimates that are reasonable and prLKJenL' state whether applicable United Kingdom Accounting Standards have been followed. subject to any material departuies disclosed and explained in the financial statement5', and prepare the financ1 statements on the going cofKern basis unless It Is inappropriate to presume that the Charitable company wll continue in operation. The Trustees are reswnsible for keeping tKoper accouniing fecords which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Acl 2LN)6. They are also responsible for safeguarding the assets of Ihe charitable company and hence for takin9 reasonable sleps for the prevention and detection of fraud and othei irregularities. The trustees are responsible for the maintenance and integrity of Ihe corporate and financial informaiion included on the charilable cornpany's websiie. Legislab'on in the Uniled Kin9Jom governing the preparation and dissemination of financial statemenls may differ from legislation in other jurisoictions. The opinion of the Ifustees is thal the company is entitled to the exemptions conferred by Section 471 of the Companies Act 2(KJ6 rdating to small companies. In accordance with company law as the company's directors we certify that.. so far as we are aware. there is no relevant audit information of wthich the charrtable companys auditor is unawafe., and as dIreOr5 of the charitable company we havÈ taken all the steps thai we ought
Centre for Homelessness I mpact Trustees, Report for the year ended 30 June 2023 lo have taken, in order to make ourselves aware of any relevant audit information and to establish that the charitable company's audiior is aware of ihal information. The financial ststements were aprKoved by the board on 15 December 2023 and were signed on sts hall by. Andrew Hudson Stetthen AldrKlge 10
Independent Auditor's Report to the members of the Centre for Homelessness Impact Opinion We have audited the financial 51atement5 of the Centre for Hcxnelessnes5 Impact (the 'charitable company) for the year ended 30 June 2023 which comwise the Statement of Financial Activities, the Balance SheeL Siatement of Cash Flows and notes to the financial statements. including a summary of significant accounting FX)licies. The financial reporting framework that has ten applied in their preparation is applicable law and United Kingdorn Accounting Standards. including Financial Reporting Standard 102 The Financi31 Reporting Standard appliGable in Ihe UK and Republic of Ireland (Uniied Kingdom Generally Accepted Accouniing Practice). In our opinion the financial slatements.. give a true arKI fair view of the state of the charitable company's affairs as ai 30 June 2023 and of its incoming resources and appliCatn of resources, including its income and expenditure, for the year then ended: have been propedy prepared in accordance with United 'ngdoM Generally Accepted Accounting Practice". and have L%en prepared in accordance with the requiremenls of Companie5 Act 2006, the Charities and Trustee Investmeni Iscoilandl Act 2005 and regulats.ons 6 and 8 of the Charities Accounts Iscotlandl Regulation 2006 las amended). Basis of opinion We conducied our audit in accordance wilh Intemational Siandards on Auditing (UK) (ISAS IUKI) and applicatrAe law. OLir responsi"11t7es under those standards are further described in the Auditor's reswisitiilities for the audii of the financial statements sects.on of our report. We are independent of the charitable company in accordance with the ethical requiremenis that are relevant to our audit of the financial statemenls in the UK. including the FRC'S Ethical Stan<Jard, and we have fulfilled our other ethical responsibilib.es in accordance with these requirernents. We believe that the audit evi<Jen¢e we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees. use of the goin9 concern basis of accounting in the preparation of the financial siaiements is appropriate. Based on the work we have performed. we have not identified any material uncertainlies relating to events or conditions thaL individually or collectively. may cast significant doubt on the charitable company s ability to conts.nue as a going concern for a period of at least twelve months from when the financial statemenis are auihorised for issue. (hjr resFX)nsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant section5 of this report. Other information The other infomialion comprises the information IrlU(led in the annual repoo other than the financial statements and our auditors, report thereon. The trustees are reswjnsible forthe other informaiion. Our opinion on the financial siatements d5 not cover the other information and, except to the extent otherwise explicitly stated in our reporL we Oo not exwess any form of assurance conclusion thereon.
Independent Auditor's Report to the members of the Centre for Homelessness I mpact In connection wtih our audit of the financial statements our responsibility IS to read the other inforrnation and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knoedge obtained in Ihe audil or otherwise aP[ar$ to be materially misstated. If we idents.fy such material inconsistencies or apparent material misstatements we are required to determine wheiher there is a material missiatement in the financial statements Of a material misstatement of the other information. If. based on the work we have performeci we conclu(Je ihat thefe is a maierial misstatement of this other informalio we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2CK16 In our opinion. based on the work undertaken in the course of the audr('. the information given in ihe trustees. reporL which include5 the directors. report prepared for the purwses of company law. for the financial year for which the financial statements are prepared is consisieni with ihe financial statements- and the directors. report included within the irustees, repowt has been prepared in accordance wrth applicable gal requirements. Matters on which we are required to rep(t by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audiL we have not identified material misstatements in tl directors, report included within the irusiees. report. We have nothing io report in res1 of the following matters where the Companies Act 2CK)6 and Charities AccThJnts (Scotland) Regulations 2C(16 las amended) requires us to report to you if, in our opinion.. adequate accountlllg records have not kepL or returns adequate for our audit have not been received from branches not Vlsited by us., or the financial statements are not in agreement wr(h the accounting records and returns or certain disclosures of tiustees, remuneration SFecified by law are nol made.. or we have not received all the information and explanations we require for our audiL' or the trustees were not entitled to prepare ihe financial statements in accordance with Ihe small companies. regime and take advantage of the small companie5, exemptions in preparing the tru5tees' report and from the requirement to wepare a strategic report. Responsibilities of Trustees As explained more fully in the Trustees. Reswnsibilities StatemenL the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible f( the preparation of ihe financial siaiemenls and for being satisfied that they give a true and fair view. and for such intemal control as trustees determine is necessary lo enable the preparation of financial statements Ihat are free from rnaterial misstatemenL whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability io contbnue as a going COnr. (Jisc105ing, as applicable, matters related lo going concern and using the 90in9 concern basis of accounting unlessthe Irustees either intend to liquidate the company or to cease operations. or have no realists'c alternative but to do so. 12
Independent Auditor's Report to the members of the Centre for Homelessness Impact Auditor's responsibil ities for the audit of the financial statements We have been apwinted as auditor under section 44{1)(c) of Ihe Charities and Trustee Investment (Scotland) Act 25 and under Compan5 Act 2006 and report in accordance with regulations made urKkf ihose Acts. Our objectives are to oblain reasonable assurance about whelherthe financial statements as a whole are free from material misstatemeni. whether due io fr&A or eFror. and Io issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material missiatement when li exists. Mi55latements can arise from fraud or error and are considered material if. in(Jividually or in the aggregate. they could reasonably be expected to influence the economic decistons of users taken on the basis of these financial Statements. Irregularities. including fraud, are instances of non<ompliance law5 and regulations. We design procedures in line with our resnSibIli"e5. ouiline(J atKJve. to deteci material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. inclLJding fraud is detailed below-. The Charitable Company is required to comply with b)ih company law and charity law and. based on our knowledge of its aciivities we identified that the Wal requ1Ment to accurately accounl for restricled funds was of key significance. We gained an understanding of how the charitable company complied with its legal and regulatory framework. including the fequirement to properly account for restricted funds. through discussions with managemenl and a review of the documented policies, procedures and controls. The audit tearn. which is expenenced wi audri of charities. considered the charitable company's susceptibility to material misstatement and how fraud may occur. (hjr considerations included the risk of management override. Our approach was to check that all restricted income was properly identified and separately accounted for and to ensure that only valid and appropriate expenditure was charged to restricted funds. This included reVIevng joumal adjuslments and unusual transactions. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. This description forms part of our auditorfs report. Use of our report This report is made solely to the charItae companys members. as a dy. in accordance wilh Chapter 3 of Part 16 of the Companies Act 2006 and section 4411){cl of the Charities and Trustee Invesimenl (Scotland) Act 2005. Our auditwork ha5 been undertaken, so thai we might state to the charitable company s members those matters we are required to stale lo them in an auditorfs report and for no other purF4)se. To the fullest extent permitted by law. we do not accept or a55ume responsibility to anyone otherthan the charitable company and the charitable company's members as a body, for our audit worL for this report or for the opinions we have formed. 6 February 2024 65 Leadenhall Street Lonrjon EC3A 2AD Simon Goodridge Senior Statulory Audilor for and on behalf of Knox CropFEr LLP Statut(ry Audii
Centre for Homelessness Impact Statement of Financial Activities (Incorporating the Income and Expenditure Account) for the year ended 30 June 2023 Unrestricted Fund5 Restricted Funds Note Toial 2023 Total 2022 INCOME AND ENDOWMENTS FROM Donations and legacies 1.726.LXKI 1.726.OCY) 1,650,013 Charitable Activities 75.IX)O 884.259 959,259 461,797 TOTAL INCOMING RESOURCES 1.801.0 884.259 2.685.259 2.111,810 EXPENDITURE ON Charitable Activities Movement Building & Communications 444.559 193,895 638,454 492,337 Evidence & Data 942.430 614.304 1.556.734 917,185 Implementation & Desi9n 464.(K15 464,5 522,865 TOTAL RESOURCES EXPENDED 1.850.994 808.199 2.659,193 1.931387 NET INCOME/IEXPENDITURE) {49.9941 76.060 26,066 179.423 NET MOVEMENT IN FUNDS {49.994) 76,060 26,066 179.423 Reconciliation of Funds.. Tolal Funds brought forward Total funds carried forward 376.634 184,960 561,594 382,171 326.640 261.020 587,660 561.594 notes [cM part of these financial statements. 14
Centre for Homelessness Impact Balance Sheet as at 30 June 2023 Notes 2023 2022 FIXED ASSETS Targible assets IntangitAe Assets 10 1.295 5.054 11 3.100 21.700 4.395 26.754 CURRENT ASSETS Debtors 12 527,839 32.031 Cash at Bank and on Deposit 743.342 622,875 1.271.181 654,9( CREDITORS.. AMOUNTS FALLING DUE WITHIN ONEYEAR 13 (687.916) 1120,066) NET CURRENT ASSETS 583.265 534,840 NET ASSETS 587.660 561.594 FUNDS Restricted Fund5 261.020 184,960 Unrestncted Funds 326.640 376,634 TOTAL FUNDS 14 587.6EA) 561,594 The notes form part of these accounts The accounts were apwoved by the Board of Trustees and signed on its behalf by: ANDREW HUDSON Company no. 11732500 15
Centre for Homelessness Impact Statement of Cash Flows for the year ended 30 June 2023 Year Ended 30 June 2023 Year Ended 30 June 2022 Notes Net cash (used by)/provided from opvatin9 actiwties 16 120.467 137.334 Cash flows from invesiing activilies 17 137.2CK)) Nei change in cash and cash equivalents in the period 120.467 7).734 Reconciliation of net cash flow to movement in net cash 18 Movement in net cash in ihe perii)d 120.467 100.134 Net cash and cash equivalents brought forward 622.875 522,741 Net cash and cash equivalents Carried foThvard 743.342 622.875 16
Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2023 1. PRINCIPAL ACCOUNTING POLICIES (a) Basis of Prepw*ion The accounts of the charity. wthich is a public benefit entity under FRS 102, have been prepared in accordan with the Charities SORP {FRS 1021 'Accounts'ng and Reporting by Charities.. Statemeni of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK nd Republic of Ireland IFRS 102) second edition,. Financial Reporting Standard 102 The Financial ReFK)rting Standard applicable in the UK and RetxJbli¢ of Ireland. and Companie5 Aci 2(K16. The account5 have been prepared under the historical cost cOnventn. In applying the financial reporting framework ihe trustees have made a number of subjective judgements. for example in respect of significant accounting esiimates. Estimates ar judgernents are continually evaluated and are based on historical experience and other factors. including expectations of future events thai are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ frcxm those estimates. Any significant estimates and judgements affecting these financial statements a detailed within ihe relevant accounting wlicy bdow. (bl Going Concern The trustees consider that tlEre are no rnaterial uncertainties aLt the charity's ability to continue as a going concem. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment io ihe carrying amounis of assets and lioibilities within the next reporting period. They have considered the impact of external influences such as the cost-of-limng crisis on both its income and expenditure for at least a period of twelve months from the (late of approval of these financial statements. Accordingly. they continue to adopt the going concem basis in preparing the accounts. (c) Income All income is included in the statement of financial activities when the charity is entitled to the Income and ihe amnI can be quantified wilh reasonable accuracy. The following specific pK)licies are applied to particular categories of income.. Voluntary Income is received by way olgrants donation and 9ifts and is included in full in the Sialement of Financial Acbvitses vthen receivable. Grants receivable are recognised vthen the Charity becomes unconditionally erbtitled to the grant. (dl Expendilure Expenditure is recognised on 8n accrual basis as a liability is incurred. ExFendilure on charitable activities comprises expenditure related to the direct furtherance of the Charity s objectives as well as support costs. le) Penslon costs The charity is part of a (kfine(J contribution wnsion scheme. Contributions are charged to the Siatement of Financial Activities as they become payable in accor(Jance with the rules Oft scheme. 17
Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2023 (fj Tangible and Intangible fixed assets Individual fixed assets Cosiing more than £1,5) are capitalised at cost. Depreciation is provided on all tangible fixed assets at rates calculated io write off the Carryng value over their expected useful ecommic life as follows: Leasehold Improvements 4 years Amortisation is prowded on all InngIble fixed assets at rate5 calculated to WTite off the carrying value over their expected useful economic life as follows.. Website Development 2 years Ig) Fund Accounting Unrestricted Funds are availatAe for use at the discretion of the Trustees in furtherance of the general objectives of the Charity. Reslricted Funds can only be used for pa"Cular restricted purty)ses as specified by the swant giving body or donor. (h) Flnancial Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instrumenls. Basic financial instrumenis are initially recognised at transaction value and subsequently measured at their setilement value. INCOME Unrestricted Restricted Funds Funds Total 2023 Total 2022 Donations and legacies Donations from Individuals 1.726.C 1.726.0 1,650,013 1.726.1 1,726,OtKI 1,650,013 Charitable Activities Grants from organisatnS 75.CKKJ 884.259 959,259 461,797 75.000 884.259 959,259 461,797 1.801.(XKI 884.259 2,685.259 2.111,810 18
Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2023 CHARITABLE ACTIVITIES Direct cost5 SupFrt)n C05t5 2023 Total 2022 Total Expenditure on charitabk activities comprised.. Movement Building & Communications 475,329 163.125 638.454 492.337 Evidence & Data 1,199.166 357.568 1.556,734 917,185 Implementation & Design 360.539 103.466 464.005 522.865 Total 2023 2,035,034 624.159 2.659.193 1,932,387 Total 2022 1.418.552 513.835 1.932,387 The above expenditure has t*en dirprtly allocated to funds and programmes in accordan with the relevant restrictions. wthere applicable. SUPPORT COSTS Movement Building & Communication Evidence & Data Implementation & Design Total 2023 Total 2022 Staff Cost5 69.017 174.078 52.353 295.448 243,512 Other Staff Costs 23.438 32.081 13.235 68.754 25.572 Office Costs 36.932 115.764 26.994 179.690 166.821 Legal & Professional 5.140 12.964 3.988 22.091 11.907 Audit & Accounting 7.460 18,815 5.659 31.933 26.120 Depreciation 19,478 2.215 666 22,359 36,359 Miscellaneous Expenses 1,661 1,652 571 3,884 3.544 Total 2023 163,125 357.568 103,466 624,159 513.835 Total 2022 130.925 243.866 139.044 513.835 19
Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2023 +,• Support CO515 are allocated to aCtivrts the basis of direct expenditure. Governance costs of £54.024 12022.. £38,027) are included. An increase in total expenditure on sUPPOrt costs are attributable lo the staff groNMng in size and encompassirrfJ secondment positions to the charity. NET INCOMEIEXPENDITURE FOR THE YEAR 2023 2022 This is stated after charging: Depreciation 3,759 3.759 Amortisation 18.600 32.600 Auditor5, Remuneration Fof Audit Services 6.520 6,050 For other Services 5,310 2,ICwJ STAFF COSTS 2023 2022 Wages and Salaries 880,199 661.091 Social Security Costs 91,726 69.724 Pension Costs 62,993 50.216 1,034,918 781,031 The avefage monthly number of employees durirKJ the period was.. 2023 Nurnr 2022 Number Employees 18.8 16.3 Five emF4oyees received remuneration fIrlL.ng emF4oyer national insurance contritjutions but excluding employer pension contriblrtionsl of more than £60,0(KI12022.. tlweèl, thIn the folkswing bands".
Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2023 Band £60.000. E70,OIJJ 2023 2022 £70.000- £80.IJXI £80.OCQ. £90.0 £90.(K)O. £IOO.(KK) £100.OCKJ . £110.(KK) TRUSTEES. REMUNERATION AND EXPENSES None of the Trustees are paid for their service as trustees. Tru5tees' exFense5 totalling £1,277 were lmr$ed during the year {2022.. £nill. KEY MANAGEMENT PERSONNEL The key Man8rnent personnel of the chariiy are those persons having authority and responsibility for FAanning. directs.ng and controlling the activities of the entity, directly or in(Jire¢tly. including any trustee of the entily. The total employee benefrts. including employer pension contributions of the key management personnel amounted to £511.149 12022.. £342.3641. An increase in Key Managemeni Personnel costs can be attn"buted to a larger Key Management Tea including two secorKJments during the financial year. TAXATION The charity 15 exempt from corporation tax a5 all ts income is charitable and is applied for charitable purposes. 21
Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2023 10. TANGIBLE FIXED ASSETS Leasehc4d Imwovernents Total 2023 Cost As at 1st July 2022 15.034 15,034 As at 3June 2023 15.034 15,034 Detyeciation As at I st July 2022 Charge in the Year 9.980 9.980 3,759 3,759 As at 30ih June 2023 13.739 13.739 NBV as at 30ih June 2023 1.295 1.295 NBV as at 30th June 2022 5.054 5,054 22
Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2023 11. INTANGIBLE FIXED ASSETS Website Development Total 2023 Cost As ai 1" July 2022 71.400 71,400 As at 3V' June 2023 71.400 71.400 Depreciation As at 1st July 2022 49,7(N) 49,700 Charge in the Year 18.6(Kl 18,600 As at 30th June 2023 68,300 68.300 NBV as at 3h June 2023 3.ICrf) 3.100 NBV as at 30th June 2022 21.7(M) 21,700 23
Centre for Homelessness I mpact Notes to the Financial Statements for the year ended 30 June 2023 12. DEBTORS 2023 2022 Oiher Debtors 874 874 PpaYMentS and accrued income 526.965 31,157 527,839 32.031 Lar in¢ase in prepayments and actnd income figure for 22-23 is Telating to a significant donation which was invoiced for in 22-23 but recwved in year 23-24 and thus treated as accrued income. 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade cre(Jitors 126,435 21,104 Social security and other iaxes 35.993 30,353 Deferred Income 19.150" Accruals and other creditors 506.338 68,609 687,916 120.066 'S(typlus income received inBd¥8rKe from CaL¥nei orrKe. EvalU8tWA¢¢eler3tfUndpr(yects (to be spertinthefcknng)wr) 13.a DEFERRED INCOME RECONCILIATION 2023 2022 Balance as at 1 July 2022 Amount released in year Amount deferred in year 19.150 Balance as at 30 June 2023 19.150 24
Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2023 14. MOVEMENTS IN FUNDS Balan at 01 July 2022 Incoming Resources Resources ExFended Balance at 30 June 2023 Restricted Funds Personal Grants 120.cKtI {44,0(J)) 76.000 NIHR (5.6501 55.768 {4.950) 45.168 Comic Relief Changemakers 70,610 241,250 1193.895) 117.965 Test and Learn 124,5YJ (135.634) {11,044) Big Society Capital 10.313 115.4501 (5,137) EvaluatK)n Accelerator F¥oieus 423.221 (414.0601 9,162 Early Legal Advice Pilot 29.117 12101 28,907 184.960 884.259 {808,1991 261.020 General Unrestyicted FU1$ 376.634 1.801.C(11 11.850,994} 326,640 561.594 2,685.259 (2,659,193) 587.660 Pers¢)nal Granls (forrnerly Cash Transfers) - The Personal Grants project involves a randomised controlled trial looking at the effectiveness of a one-off cash transfer to people experiencin9 homelessness in Swansea. Glasgow and Manchester. This woject is a collaboration with King'5 College London over 19 months to December 2022. NIHR-Psy¢hoso¢ial Interventions - NIHR-funded sysiemaiic review to summarise the existin9 evidence around Psychosocial Interventions people experiencing homelessness. This project is collaboration with Manchesier MetroKK)litan University. At the year end. this reserve has a negative balance due to liming differences wth receiving income. Comic Relief Change Makers. Gfant furmling to expand our suptx)rt to local authorities and other organisalions working in homelessness by working with more froni-line organisations, expand our events and mobilisation acts"vities. and extend our work with community groups and grassroots organisations. Test and Learn - DLUHC grant to= l. test innovative interventions that are committed to improve our undefstanding of what works to prevent and tsckle homelessness and rough sleeping 2. evaluate the statutory homelessness system. Big Society Capital Grant to fund the feasibility Study and evaluation of 'Everyone In Social Investment. Pilot (a Social investment approach to homelessness piloted in partnership with Big Society Capital. DLUHC. Bridges Fund ManagemenL Resonance and Social and Sustainable Cap'tal 25
Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2023 (SASC). This has been a multi-year project encompassing payments across nx)re than one financial year. Evalualion Ac¢elerntor Propcts - Grant fundiry for four diffent interventions testing.. cash transfers for care leavers.. Reducing homelessness among care leavers.. Developing Useful Parameters. Learning and Outcomes infrasiructure and building blocks for what works centres io make use ofj.. Cohort5 and Experiments. Early Legal Advice Pilot - to pilot acces5 to al aid funding for Kial welfare law problems to generate robust evidence on the impact of early legal advice, by evaluats.ng the initiative using high- quality research metrKxJs. Froniline Workers Wellbeing Project- Grant funding totest and evaluate behavioural interventions to improve Staff wellbeing and productivily aThJ. in iurn. lower turnover rates among hornele5sness frontline organisaiions. Comparative infomiation in respect of the precediry perK)d is as follows.. Balance at 01 July 2021 Incomin9 Resources Resources Expended Balance at 30 June 2022 Restricted Funds Movirmj On 36.149 55.142 (91.291) Personal Grant5 40.0(J) 220.0 (140,C((I) 120,C( NIHR 43,755 (49,4051 (5.6SO) Comic Relief ChamakerS 142.9LKI (72,2901 70,610 76,149 461.797 (352.9861 184,960 General Unrestricted Funds 306.022 1.650.013 11.579.401) 376,634 382.171 2.111,810 (1,932,387) 561.594 26
Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2023 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2023 Restricted Fund5 unstrICted Funds Total Fixed Assets 4,395 4,395 Current Assets 261.020 1.010,161 1.271,181 Current Liabilities 1687.916) (687,9161 Total 261.020 326,640 587,660 Comparative Informat in respect of the preceding period is as follows.. 2022 Restricted Funds UnstrICted Funds Total Fixed Assets 26.754 26,754 Current Assels 184.960 469,946 654,906 Current Lia.11tieS (120.066) (120,0661 Total 184,960 376.634 561,594 27
Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2023 16. RECONCILIATION OF NET INCOME FROM OPERATING ACTIVITIESTO NET CASH FLOWS 2023 2022 Net Income for the reF*Ming per 26.066 179,423 Depreciation 3.759 3.759 Amortlsation 18.6 32,6 Decrease/(Increa5el in debtors {495,8081 {16.1031 IDecrease)Ilncrease in creditors and tyoviyons 567.850 {62.3451 Net cash (used byllprovided from operats.ng activities 120,467 137.334 17. CASH FLOWS FROM INVESTING ACTIVITIES 2023 2022 Purchase of Intangible Assets 137.2CKJ) Purchase of Property. Planl & EquiFnt Net cash Iu5ed by)/wovided from operating activib.es I37,2) 18. ANALYSIS OF CHANGES IN NET DEBT At 1 July 2022 Cashflow5 Non-cash At 30 June Changes 2023 Cash and Cash Equivalents Cash 622.875 120.467 743.342 622.875 120.467 743,342 28
Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2023 19. RELATED PARTY TRANSACTIONS Trustees made total donations to the organisation of El,726,iKM) (2022: £1.650,013) without conditions in the year. There were no other related party transactions. 20. MEMBERS LIABILITY The company is limited by guarantee arKI has no share caprtal. The liabiifcy of each member in the event of winding up is £1. 29
Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2023 21. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds Restricted Funds Total 2022 Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1.65Q013 1,650,013 Charitable Activities 461,797 461,797 TOTAL INC(JMING RESOURCES 1.650,013 461.797 2,111,810 EXPENDITURE ON Charitatle Actiwties Movement Building & Communications 441.699 50,638 492.337 Evidence & Data 711,8 205.295 917.185 ImpleryEntation & Design 425,812 97,053 522,865 TOTAL RESOURCES EXPENDED 1.579.401 352,986 1.932.387 NET INCOMEI{EXPENDITURE) 70.612 108,811 179,423 NET MOVEMENT IN FUNDS 70.612 108,811 179,423 Reconciliation of Funds: Total Funds broughi forward 306,022 76,149 382.171 Total funds carried fOard 376.634 184.960 561,594