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2024-06-30-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

COMPANY NO. 11732500 CHARITY NO. England & Wales 1183026 Scotland SCO49501

Centre for Homelessness Impact Trustees’ Report for the year ended 30 June 2024

CONTENTS Page
Reference and Administrative Information 1
Trustees’ Report 2
Independent Auditor’s Report 10
Statement of Financial Activities 13
Balance Sheet 14
Statement of Cash flows 15
Notes to the Financial Statements 16

Centre for Homelessness Impact Trustees’ Report for the year ended 30 June 2024

REFERENCE AND ADMINISTRATIVE INFORMATION

Company Number 11732500

Charity Registration Number

1183026 England & Wales SC049501 Scotland

Principal & Registered Office

58 Victoria Embankment Temple London EC4Y 0DS

Trustees

Trustees in office from 1 July 2023 to the date of this report are as follows: Stephen Charles Aldridge Humphrey William Battcock Joanna Margaret Bibby Professor Kenneth David Buchanan Gibb Glyn Halksworth Andrew Peter Hudson James Edward Turner Selina Valencia McDonald (resigned 28[th] October 2024) Christiana Omakolo Ugowe (appointed 29 February 2024) Darren Peter Crocker (appointed 29 February 2024) Rebecca Anna Marie Lury (appointed 29 February 2024)

Senior Management Team

Dr Lígia Teixeira, Chief Executive Shazia Hussain, Chief Operating Officer Guillermo Rodríguez-Guzmán, Director of Evidence and Data Greg Hurst, Director of Communications and Public Engagement Michelle Binfield, Director of Programmes

Auditor

Knox Cropper LLP, 65 Leadenhall Street, London EC3A 2AD

Bank

Lloyds, 25 Gresham Street, London, EC2V 7HN

1

Centre for Homelessness Impact Trustees’ Report for the year ended 30 June 2024

The Trustees present their report and financial statements for the year ended 30 June 2024.

The reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association, the requirements of a directors’ report as required by company law, and the Statement of Recommended Practice – Accounting and Reporting by Charities (SORP applicable to charities preparing their accounts in accordance with FRS 102 (second edition – effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

OUR STRATEGY

Our vision, set out in our original strategy for 2019-24, remains to see an end to homelessness for good, meaning ‘a society in which any experience of homelessness is prevented wherever possible and, where it does occur, is rare, brief and non-recurring’.

To achieve this, we seek to encourage and support decision-makers to use the best knowledge available to improve the effectiveness of how homelessness is tackled and prevented. We carry out our activities under the following three strands:


out our activities under the
following three strands:
1. Evidence & Data
Make
evidence
accessible and fill the
gaps
2. Implementation
Supporting
data
and
evidence to be applied in
practice		 3. Movement Building
Mobilising
a
learning
culture

SIGNIFICANT ACTIVITIES

Evidence and Data - Making evidence accessible and filling the gaps

Implementation - Supporting data and evidence to be applied in practice

2

Centre for Homelessness Impact Trustees’ Report for the year ended 30 June 2024

Movement building – Mobilising a learning culture

ACHIEVEMENTS AND PERFORMANCE

Test & Learn and Systems-wide Evaluation

The main development in 2023-24 was the start of the Test & Learn and Systems-wide Evaluation programme, which was commissioned in the summer of 2023 by the Ministry of Housing, Communities and Local Government after a competitive tender process. We launched the programme in November 2023. This is a ground-breaking programme to generate new evidence of what works to relieve and prevent rough sleeping and other forms of homelessness.

The Systems-wide Evaluation strand will be the first evaluation of its type that will explore how the different elements of the Homelessness and Rough Sleeping system work together. The ultimate purpose of the system-wide evaluation will be to assess the overall impact of the Homelessness and Rough Sleeping system, and to advise government on how the system could be better designed to deliver stronger outcomes for vulnerable people at risk of homelessness and rough sleeping. It will also support local areas to commission and deliver better local homelessness pathways. It will run for three years, until January 2027.

In its first year, this work involved working with six government departments (the Ministry of Housing, Communities and Local Government; the Home Office; the Ministry of Justice; the Department of Health and Social Care; the Department for Work and Pensions; and the Department for Education). We also worked with 14 local authorities, two probation areas, and eight people with lived experience of homelessness.

The Test & Learn strand will evaluate eight innovative homelessness services that will be delivered in communities across England over the next two and a half years.

These are:

Citadel: a volunteer-led homelessness prevention project, which supports people who have a history of rough sleeping and/or are at risk of rough sleeping, to find or sustain their tenancies and establish a home.

Personalised budgets: the aim is to provide financial support for people with a history of rough sleeping tied to a purpose that would allow them to exit homelessness. This may include things like buying work tools, getting a driver's licence or securing a deposit.

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Centre for Homelessness Impact Trustees’ Report for the year ended 30 June 2024

Individual Placement and Support (IPS): a specialist employment service for people with experience of homelessness and rough sleeping who have high support needs, which focuses on helping people to access paid employment immediately, alongside the offer of ongoing inwork support.

Outreach with a health specialism: including a health specialist as part of a rough sleeping outreach team to test the benefit to people sleeping rough with more acute health needs and whether this has a positive impact on other individuals sleeping out.

Time-limited accommodation and immigration advice for people with limited eligibility to public funds: this service will provide legal advice and time-limited accommodation, usually for up to 20 weeks, for people sleeping rough who have limited recourse to public funds due to their immigration status.

Accommodate or connect for individuals sleeping rough without a local connection: people sleeping rough who have no local connection to the area will be offered temporary accommodation in the area or supported to make a voluntary reconnection elsewhere.

Better use of council data to prevent homelessness: using a data science platform to combine data from across the local authority to identify households at greater risk of homelessness due to financial stress and offer support in a human-centred way, such as a payment plan that would mean avoiding court, bailiffs, and additional costs.

Young people leaving care: an evaluation of the Department for Education’s funding for intensive, individual support for young people leaving care and joint working arrangements with local authority housing and other key services.

Applications were invited from organisations interested in delivering these services. A total of 262 organisations engaged in this bidding process and proposals were assessed by a grants and evaluation committee, which chose the successful partners. These comprise 38 local authorities, 13 voluntary and community organisations and social enterprises, two companies and eight universities and consultancies as evaluators.

The size of our team grew over the year, notably with the creation of a new Programmes Team to deliver the Test & Learn and Systems-wide Evaluation programme. This took the total staff headcount to 26 people. However, the Centre will remain a relatively small and agile organisation whose core role will continue to be to act as a catalyst to achieve system-level change by supporting the more effective use of data and evidence, with partnership working at its heart.

Building the evidence base

While launching this new programme, we made sure that the Centre’s other work to accelerate an end to homelessness by better use of evidence and data continued in parallel. During 202324, the Centre published the following papers:

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Centre for Homelessness Impact Trustees’ Report for the year ended 30 June 2024

Building evidence-led practice

We continued to work across the four countries of the United Kingdom to support governments and local areas. A common theme was working with local councils acting as trailblazers to develop and refine data-led frameworks to enable them to capture and track progress towards ending homelessness. We also worked with local authorities in all parts of the United Kingdom to support them to better understand how they might improve value for money in their spending on procuring temporary accommodation for qualifying individuals and households at risk of or experiencing homelessness.

In England we continued to work with partners in central and local government to refine the first data-led framework for tracking progress towards ending rough sleeping. In September 2023, data from all local authorities in England was published on an initial set of five indicators to track whether rough sleeping was being prevented, or was otherwise rare, brief and non-recurring. In February 2024, we agreed with the ‘Early Adopter’ partners a further set of three data indicators, which all local authorities began to collect from June.

In Scotland, a particular focus for 2023-24 was the Scottish Government’s plans to introduce a duty to prevent homelessness with a proposed requirement that public bodies and social landlords ‘ask and act’ on a person’s housing status, set out in the Housing (Scotland) Bill, which was published in March 2024. We continued to support the Welsh Government to help ensure that its Ending Homelessness Outcomes Framework is implemented effectively by local authorities. Collaboration with the Northern Ireland Housing Executive (NIHE) included developing a data-led framework to better track progress towards the goal of ending homelessness.

Building a movement for evidence-led change

A key strand of our work is to share insights from established and emerging evidence with target audiences in local authority housing and homelessness teams, commissioners and providers of services, policy-makers, and funders of programmes and research. The mailing list of subscribers to our monthly newsletter, one of our main communication channels, grew to 4,336, and we began a new monthly newsletter with regular updates about our Test & Learn and Systems-wide evaluation, with an initial group of 771 subscribers, which we intend to grow.

In November, we held our annual Impact Forum in Westminster, with the theme: What works to stem a rising tide of homelessness? Speakers included the then Minister for Housing and Homelessness, Felicity Buchan; Liam Byrne MP; and Lord (John) Bird of Notting Hill, founder of The Big Issue. The Impact Forum was attended by 146 people, and watched by another 199 people via a live stream. Our Chief Executive and members of the team were frequent speakers at external events, including conferences held by the Local Government Association, Chartered Institute of Housing, the European Federation of National Organisations Working with the Homeless, Homeless Link and the Housing Studies Association.

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Centre for Homelessness Impact Trustees’ Report for the year ended 30 June 2024

PLANS FOR FUTURE PERIODS

Our initial five-year strategy comes to an end in the calendar year 2024. We conducted consultations during the spring of 2024 on our priorities for the next five years with key stakeholders, using a combination of one-to-one interviews, focus groups and an open survey. Insights from this consultation will help to inform a new strategy for the period 2025 to 2028, with a focus on intensifying our efforts to disseminate and support the implementation of insights from the evidence base we have generated of what works to end homelessness.

We will work with strategic partners in regions where numbers and rates of homelessness are highest. Notably we will develop in partnership with others a London Accelerator Programme to coordinate efforts to relieve and prevent homelessness across London, with an emphasis on evidence-led practice, innovation and evaluation. We will develop similar Accelerator programmes with the Greater Manchester Combined Authority and other areas in the north of England, and in the Central Belt of Scotland in partnership with local authorities in Glasgow and Edinburgh.

We will look to work with the recently elected UK Government, as it addresses its manifesto commitment to a new cross-government strategy to put Britain back on track to ending homelessness, drawing in particular on insights from the Systems-wide Evaluation of Homelessness and Rough Sleeping. This is partly designed to improve understanding of how different parts of government impact on homelessness.

FINANCIAL REVIEW

RESULTS FOR THE YEAR

In the financial period under review, the total unrestricted income was £1,755,150 (2023: £1,801,000) made up of donations from individuals. Restricted income – reflecting particularly the start of the Test and Learn contract - amounted to £2,562,499 (2023: £884,259).

Total unrestricted expenditure for the year was £1,298,192 (2023: £1,850,994). Restricted expenditure was £2,527,187 (2023: £808,199).

The overall surplus for the year was £492,270 (2023: £26,066). This resulted in overall reserves at the year-end of £1,079,930 made up of £778,461 unrestricted funds and £301,469 in restricted funds (2023: £587,660 comprised of £326,640 in unrestricted funds and £261,020 in restricted funds).

FUNDING

2023-24 saw a significant shift in the Centre’s funding base, with the Test and Learn programme now comprising by far the biggest single source of income. Work funded from other sources remains crucial to the Centre’s mission, and we are extremely grateful for the support from generous donations, and from organisations including Comic Relief, the Cabinet Office, and St Martin-in-the-Fields Charity.

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Centre for Homelessness Impact Trustees’ Report for the year ended 30 June 2024

RESERVES POLICY

This policy is designed to reflect the underlying risks facing the charity and to ensure that the Centre has an appropriate level of reserves to cover all costs should the charity cease to operate.

The Charity maintains its reserves under two categories: (a) unrestricted (general) reserves, which are available for general use in pursuance of the charity's objectives, and (b) restricted reserves.

The free reserves of the charity as at 30 June 2024 totalled £778,461 (2023: £322,245). Part of this increase is contributed by timing differences between the receipt of funding and the point of expenditure, but also a desire from the trustees and management to maintain a prudent level of reserves.

The details of the reserves policy will be reviewed again in 2024-25 to ensure it reflects the evolving needs of the organisation. This review will include consideration of the appropriate levels of unrestricted (general) reserves required to support the Charity’s objectives and operational sustainability, alongside restricted reserves. The Trustees aim to finalise the revised reserves policy within the next six months, with updates provided to the Board at regular intervals during this process.

GOING CONCERN

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

The charity’s core funding has been confirmed, and the arrangement is in line with those in place since the Centre started operations in 2018.

Restricted income from the then Department for Levelling Up, Housing and Communities, Manchester Metropolitan University, John Ellerman Foundation, Cabinet Office Evaluation Accelerator Fund, Big Society Capital, St 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 charity 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 holds sufficient reserves to provide time to make appropriate adjustments if other income were to reduce.

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 to the levels of assets and liabilities within the next reporting period. As detailed in note 20, in forming this opinion, they have considered, among other things, the lasting impact of current economic conditions on both income and expenditure for at least a period of twelve months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the accounts.

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Centre for Homelessness Impact Trustees’ Report for the year ended 30 June 2024

RISK MANAGEMENT

The Trustees have responsibility for ensuring that the charitable company has in place an appropriate system of controls, financial or otherwise, to provide reasonable assurance that the charitable company is operating effectively and in line with the Charity Commission guidelines.

Trustees actively manage risks through a risk register, which is reviewed and updated at least twice a year. Systems and procedures to mitigate those risks identified in the register are established and procedures implemented to minimise the impact on the charity, should risks materialise.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association. All trustees give their time voluntarily and receive no benefits from the charity.

TRUSTEES AND MEMBERS

The appointment of Trustees is governed by the Articles of Association of the Charitable Company. At the end of June 2024, the Centre had eleven Trustees. Trustees meet five times each year.

Induction and training of new trustees is carried out by the Chair and other trustees with support from the CEO.

ORGANISATIONAL STRUCTURE & DECISION MAKING

Overall responsibility for the Centre rests with the board of trustees. The day to day running of the Centre is led by the CEO, who reports to the Chair of Trustees. The CEO manages the Executive Team comprising the Director of Evidence & Data, Chief Operating Officer, Director of Communications and Public Engagement and Director of Programmes. The Executive Team has responsibility for managing the staff of the Charitable Company which, at 30 June 2024, stood at 26 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 trustee of the charity. In addition to the trustees, key management personnel include the Chief Executive, Chief Operating Officer, Director of Evidence & Data, Director of Communications and Public Engagement, and Director of Programmes.

The pay of the Chief Executive is set by the trustees. All other posts and salaries are set by the Chief Executive in consultation with the trustees, using internal pay scales.

Remuneration is reviewed annually and periodically benchmarked. Trustees are not remunerated.

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Centre for Homelessness Impact Trustees’ Report for the year ended 30 June 2024

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the income and expenditure of the charitable company and its state of affairs at the end of that period.

In preparing those statements the Trustees are required to:

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

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

The opinion of the trustees is that the company is entitled to the exemptions conferred by Section 477 of the Companies Act 2006 relating 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 which the charitable company's auditor is unaware; and as directors of the charitable company we have taken all the steps that we ought to have taken, in order to make ourselves aware of any relevant audit information and to establish that the charitable company's auditor is aware of that information.

The financial statements were approved by the board on 13 December 2024 and were signed on its behalf by:

Andrew Hudson

Christiana Ugowe

17/12/24

17/12/24

9

Independent Auditor’s Report to the members of the Centre for Homelessness Impact

Opinion

We have audited the financial statements of the Centre for Homelessness Impact (the ‘charitable company’) for the year ended 30 June 2024 which comprise the Statement of Financial Activities, the Balance Sheet, Statement of Cash Flows and notes to the financial statements, 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 Accepted Accounting Practice).

In our opinion the financial statements:

Basis of opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’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 concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern 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 to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditors’ report thereon. The trustees are responsible for the other information.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

10

Independent Auditor’s Report to the members of the Centre for Homelessness Impact

In connection with our audit of the financial statements, our responsibility is to 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work 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 to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters where the Companies Act 2006 and Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

11

Independent Auditor’s Report to the members of the Centre for Homelessness Impact

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005. Our audit work has been undertaken, so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report or for the opinions we have formed.

18/12/24

Simon Goodridge 65 Leadenhall Street Senior Statutory Auditor London EC3A 2AD for and on behalf of Knox Cropper LLP Statutory Auditor

12

Centre for Homelessness Impact Statement of Financial Activities (Incorporating the Income and Expenditure Account) for the year ended 30 June 2024

Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable Activities
2
TOTAL INCOMING RESOURCES
EXPENDITURE ON
Charitable Activities
Evidence & Data
3
Implementation & Design
3
Movement Building &
Communications
3
TOTAL RESOURCES EXPENDED
NET INCOME/(EXPENDITURE)
Transfers between Funds
14
NET MOVEMENT IN FUNDS
Reconciliation of Funds:
Total Funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
1,726,000
29,150
1,755,150
747,591
272,806
277,795
1,298,192
456,958
(5,137)
451,821
326,640
778,461		 Restricted
Funds
£
-
2,562,499
2,562,499
2,137,121
91,359
298,707
2,527,187
35,312
5,137
40,449
261,020
301,469		 Total 2024
£
1,726,000
2,591,649
4,317,649
2,884,712
364,165
576,502
3,825,379
492,270
-
492,270
587,660
1,079,930		 Total 2023
£
1,726,000
959,259
2,685,259
1,556,734
464,005
638,454
2,659,193
26,066
-
26,066
561,594
587,660

The notes form part of these financial statements.

13

Centre for Homelessness Impact Balance Sheet as at 30 June 2024

Notes
FIXED ASSETS
Tangible assets
10
Intangible Assets
11
CURRENT ASSETS
Debtors
12
Cash at Bank and on Deposit
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR
13
NET CURRENT ASSETS
NET ASSETS
FUNDS
Restricted Funds
Unrestricted Funds
TOTAL FUNDS
14		 2024
£
-
-
-
930,852
1,389,690
2,320,542
(1,240,612)
1,079,930
1,079,930
301,469
778,461
1,079,930		 2023
£
1,295
3,100
4,395
527,839
743,342
1,271,181
(687,916)
583,265
587,660
261,020
326,640
587,660

The notes form part of these financial statements

The financial statements were approved by the Board of Trustees on 13 December 2024 and signed on its behalf by:

ANDREW HUDSON CHRISTIANA UGOWE

Company no. 11732500

17/12/24

14

Centre for Homelessness Impact Statement of Cash Flows for the year ended 30 June 2024

Notes
Net cash (used by)/provided from operating activities
16
Net change in cash and cash equivalents in the period
Reconciliation of net cash flow to movement in net
cash
17
Movement in net cash in the period
Net cash and cash equivalents brought forward
Net cash and cash equivalents carried forward		 Year Ended
30 June
2024
£
646,348
646,348
646,348
743,342
1,389,690		 Year Ended
30 June
2023
£
120,467
120,467
120,467
622,875
743,342

15

Centre for Homelessness Impact

Notes to the Financial Statements for the year ended 30 June 2024

1. PRINCIPAL ACCOUNTING POLICIES

(a) Basis of Preparation

The accounts of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and Companies Act 2006. The accounts have been prepared under the historical cost convention.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

(b)

Going Concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. 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 to the carrying amounts of assets and liabilities within the next reporting period. They have considered, among other things, the lasting impact of current economic conditions on both income and expenditure for at least a period of twelve months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern 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 the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

(d) Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred.

Expenditure on charitable activities comprises expenditure related to the direct furtherance of the Charity’s objectives as well as support costs.

16

Centre for Homelessness Impact

Notes to the Financial Statements for the year ended 30 June 2024

(e) Pension costs

The charity is part of a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

(f) Tangible and Intangible fixed assets

Individual fixed assets costing more than £1,500 are capitalised at cost.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the carrying value over their expected useful economic life as follows:

Leasehold Improvements 4 years

Amortisation is provided on all intangible fixed assets at rates calculated to write off the carrying value over their expected useful economic life as follows: Website Development 2 years

(g) Fund Accounting

(h)

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

17

Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2024

2.
INCOME
Donations and legacies
Donations from Individuals
Charitable Activities
Grants from Organisations
Ministry of Housing, Communities
and Local Government
(formerly DLUHC)
Comic Relief
The Cabinet Office
John Ellerman Foundation
St Martin’s-in-the-Fields Charity
National Centre for Social Research
The 4814 Trust
National Institute for Health and
Care Research
Other Organisations		 Unrestrict
ed Funds
Restricted
Funds
Total
2024
£
£
£
1,726,000
-
1,726,000
1,726,000
-
1,726,000
-
1,439,659
1,439,659
-
216,945
216,945
19,150
673,912
693,062
-
-
-
-
116,210
116,210
-
10,333
10,333
10,000
-
10,000
-
-
-
-
105,440
105,440
29,150
2,562,499
2,591,649
1,755,150
2,562,499
4,317,649		 Total
2023
£
1,726,000
1,726,000
124,590
241,250
358,256
37,500
-
29,117
-
55,768
112,778
959,259
2,685,259

18

Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2024

3.
CHARITABLE ACTIVITIES
Direct
costs
£
Expenditure on charitable activities comprised:
Evidence & Data
2,413,867
Implementation & Design
304,725
Movement Building &
Communications
482,409
Total 2024
3,201,001
Total 2023
2,035,034		 Support
costs
£
470,845
59,440
94,093
624,378
624,159		 2024
Total
£
2,884,712
364,165
576,502
3,825,379
2,659,193		 2023
Total
£
1,556,734
464,005
638,454
2,659,193

The above expenditure has been directly allocated to funds and programmes in accordance with the relevant restrictions, where applicable.

4. SUPPORT COSTS

Staff Costs
Other Staff Costs
Office Costs
Legal & Professional
Audit & Accounting
Depreciation
rrecoverable VAT
Miscellaneous Expenses
Total 2024
Total 2023		 Evidence
& Data
253,990
44,370
99,551
20,385
22,682
978
27,309
1,580
470,845
357,568		 Implementation
& Design
32,064
5,601
12,568
2,573
2,863
123
3,448
200
59,440
103,466		 Movement
Building &
Communication
50,757
8,867
19,894
4,074
4,533
195
5,457
316
94,093
163,125		 Total
2024
336,811
58,838
132,013
27,032
30,078
1,296
36,214
2,096
624,378
624,159		 Total
2023
295,448
68,754
179,690
22,091
31,933
22,359
-
3,884
624,159

19

Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2024

Support costs are allocated to activities on the basis of direct expenditure. Governance costs of £57,110 (2023: £54,024) are included. An increase in total expenditure on support costs are attributable to the staff growing in size and encompassing secondment positions to the charity.

5.
NET INCOME/EXPENDITURE FOR THE YEAR
This is stated after charging:
Depreciation
Amortisation
Auditors’ Remuneration
For Audit Services
For other Services
6.
STAFF COSTS
Wages and Salaries
Social Security Costs
Pension Costs
The average monthly number of employees during the period was:
Employees		 2024
£
1,295
3,100
10,500
1,800
2024
£
1,033,769
116,516
78,532
1,228,817

2024
Number
20.7		 2023
£
3,759
18,600
6,520
5,310
2023
£
880,199
91,726
62,993
1,034,918
2023
Number
18.8

20

Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2024

Five employees received remuneration (including employer national insurance contributions but excluding employer pension contributions) of more than £60,000 (2023: five), within the following bands:

Band
£60,000 - £70,000
£70,000 - £80,000
£80,000 - £90,000
£90,000 - £100,000
£100,000 - £110,000		 2024
2023
2
3
1
1
-
-
-
-
1
1
4
5

7. TRUSTEES’ REMUNERATION AND EXPENSES

None of the Trustees are paid for their service as trustees. Trustees’ expenses totalling £1,461 were reimbursed during the year (2023: £1,277).

8. KEY MANAGEMENT PERSONNEL

The key management personnel of the charity are those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any trustee of the entity. The total employee benefits, including employer pension contributions of the key management personnel amounted to £351,483 (2023: £511,149). The key management personnel includes the Executive Team whereas in 2023 also included Heads of Departments as the organisation structure was revised to support the increase in staffing and growth.

9. TAXATION

The charity is exempt from corporation tax as all its 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 2024

10. TANGIBLE FIXED ASSETS

Cost
As at 1stJuly 2023
As at 30thJune 2024
Depreciation
As at 1st July 2023
Charge in the Year
As at 30th June 2024
NBV as at 30th June 2024
NBV as at 30th June 2023
11.
INTANGIBLE FIXED ASSETS
Cost
As at 1stJuly 2023
As at 30thJune 2024
Depreciation
As at 1st July 2023
Charge in the Year
As at 30th June 2024
NBV as at 30th June 2024
NBV as at 30th June 2023		 Leasehold
Improvements
£
15,034
15,034
13,739
1,295
15,034
-
1,295
Website
Development
£
71,400
71,400
68,300
3,100
71,400
-
3,100		 Total
2024
£
15,034
15,034
13,739
1,295
15,034
-
1,295
Total
2024
£
71,400
71,400
68,300
3,100
71,400
-
3,100

22

Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2024

12.
DEBTORS
Other Debtors
VAT
Prepayments and accrued income		 2024
£
3,497
54,466
872,890
930,852		 2023
£
874
-
526,965
527,839

Large increase in prepayments and accrued income figure for 23-24 is relating to a significant donation which was invoiced for in 23-24 but received in year 24-25 and thus treated as accrued income.

13.
CREDITORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR
Trade creditors
Social security and other taxes
Deferred Income
Accruals and other creditors
13.a
DEFERRED INCOME RECONCILIATION
Balance as at 1 July 2023
Amount released in year
Amount deferred in year
Balance as at 30 June 2024		 2024
£
703,550
42,203
300,988
193,872
1,240,612
2024
£
19,150
19,150
300,988
300,988		 2024
£
703,550
42,203
300,988
193,872
1,240,612
2024
£
19,150
19,150
300,988
300,988		 2023
£
126,435
35,993
19,150
506,338
687,916
2023
£
-
-
19,150
300,988 19,150

23

Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2024

14 . MOVEMENTS IN FUNDS

Restricted Funds
Personal Grants (Cabinet Office)
Personal Grants (St Martin-in-
the-Fields Charity)
National Institute for Health Care
Research (NIHR) Psychosocial
Interventions
Comic Relief Changemakers
Test and Learn Feasibility
Big Society Capital
Evaluation Accelerator Projects
Early Legal Advice Pilot
Reducing
homelessness
amongst Care Leavers - (Cabinet
Office)
Developing Useful Parameters,
Learning
and
Outcomes
infrastructure - Duplo (Cabinet
Office)
Cohorts
and
Experiments
(Cabinet Office)
Test and Learn
Staying Close
Staying Close 2 – Foundations
Frontline
Workers
Wellbeing
Project (St Martin-in-the-Fields
Charity)
General Unrestricted Funds		 Balance at
01 July
2023
Incoming
Resources
Resources
Expended
Transfe
rs
Balance at
30 June
2024
-
115,460
(98,869)
-
16,591
76,000
-
-
-
76,000
45,168
-
(45,168)
-
-
117,965
216,945
(302,191)
-
32,719
(11,044)
132,785
(121,741)
-
-
(5,137)
-
-
5,137
-
9,162
-
(9,162)
-
-
28,906
10,727
(39,633)
-
-
-
181,605
(181,605)
-
-
-
79,380
(79,380)
-
-
-
63,820
(58,820)
-
5,000
-
1,306,874
(1,306,834)
-
40
-
214,498
(206,689)
-
7,809
-
124,195
-
-
124,195
-
116,210
(77,095)
-
39,115
261,020
2,562,499
(2,527,187)
5,137
301,469
326,640
1,755,150
(1,298,192)
(5,137)
778,461
587,660
4,317,649
(3,825,379)
-
1,079,930

24

Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2024

Personal Grants (formerly Cash Transfers) - The Personal Grants project involves a randomised controlled trial looking at the effectiveness of a one-off cash transfer to people experiencing homelessness in Swansea, Glasgow and Manchester. This project is a collaboration with King’s College London over 19 months to December 2022.

NIHR-Psychosocial Interventions - NIHR-funded systematic review to summarise the existing evidence around Psychosocial Interventions for people experiencing homelessness. This project is a collaboration with Manchester Metropolitan University. At the year end, this reserve has a negative balance due to timing differences with receiving income.

Comic Relief Change Makers. Grant funding to expand our support to local authorities and other organisations working in homelessness by working with more front-line organisations, expand our events and mobilisation activities, and extend our work with community groups and grassroots organisations.

Test and Learn – DLUHC grant to: 1. test innovative interventions that are committed to improve our understanding of what works to prevent and tackle 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 Management, Resonance and Social and Sustainable Capital (SASC). This has been a multi-year project encompassing payments across more than one financial year.

Evaluation Accelerator Projects – Grant funding for four different interventions testing: cash transfers for care leavers; Reducing homelessness among care leavers; Developing Useful Parameters, Learning and Outcomes infrastructure and building blocks for what works centres to make use of); Cohorts and Experiments.

Early Legal Advice Pilot – to pilot access to legal aid funding for social welfare law problems to generate robust evidence on the impact of early legal advice, by evaluating the initiative using highquality research methods.

Staying Close - Grant funding to test and evaluate support systems for young people leaving care. Staying Close is a Department for Education (DfE) initiative, offering a tailored support programme for young people transitioning from residential care to independent living. The scheme, among other objectives, aims to promote housing stability and prevent homelessness. It facilitates a managed and gradual transition

Staying Close 2 -Phase 2 is next phase of the Staying Close project to test for any changes in various outcomes, including housing, social connectedness, and wellbeing

Frontline Workers Wellbeing Project - Grant funding to test and evaluate behavioural interventions to improve staff wellbeing and productivity and, in turn, lower turnover rates among homelessness frontline organisations.

25

Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2024

Comparative information in respect of the preceding period is as follows:

ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Restricted
Funds
Unrestricted
Funds
Total
£
£
£
Current Assets
602,457
1,718,085
2,320,542
Current Liabilities
(300,988)
(939,624)
(1,240,612)
Total
301,469
778,461
1,079,930
Balance at 01
July 2022
Incoming
Resources
Resources
Expended
Balance at 30
June 2023
Restricted Funds
Personal Grants
120,000
-
(44,000)
76,000
NIHR
(5,650)
55,768
(4,950)
45,168
Comic Relief Changemakers
70,610
241,250
(193,895)
117,965
Test and Learn
-
124,590
(135,634)
(11,044)
Big Society Capital
-
10,313
(15,450)
(5,137)
Evaluation Accelerator Projects
-
423,222
(414,060)
9,162
Early Legal Advice Pilot
-
29,116
(210)
28,906
184,960
884,259
(808,199)
261,020
General Unrestricted Funds
376,634
1,801,001
(1,850,994)
326,640
561,594
2,685,259
(2,659,193)
587,660		 Balance at 01
July 2022
Incoming
Resources
Resources
Expended
Balance at 30
June 2023
120,000
-
(44,000)
76,000
(5,650)
55,768
(4,950)
45,168
70,610
241,250
(193,895)
117,965
-
124,590
(135,634)
(11,044)
-
10,313
(15,450)
(5,137)
-
423,222
(414,060)
9,162
-
29,116
(210)
28,906		 Balance at 01
July 2022
Incoming
Resources
Resources
Expended
Balance at 30
June 2023
120,000
-
(44,000)
76,000
(5,650)
55,768
(4,950)
45,168
70,610
241,250
(193,895)
117,965
-
124,590
(135,634)
(11,044)
-
10,313
(15,450)
(5,137)
-
423,222
(414,060)
9,162
-
29,116
(210)
28,906		 Balance at 01
July 2022
Incoming
Resources
Resources
Expended
Balance at 30
June 2023
120,000
-
(44,000)
76,000
(5,650)
55,768
(4,950)
45,168
70,610
241,250
(193,895)
117,965
-
124,590
(135,634)
(11,044)
-
10,313
(15,450)
(5,137)
-
423,222
(414,060)
9,162
-
29,116
(210)
28,906
184,960
884,259
(808,199)
261,020
376,634
1,801,001
(1,850,994)
326,640
561,594
2,685,259
(2,659,193)
587,660
Unrestricted
Funds
£
1,718,085
(939,624)
778,461		 2024
Total
£
2,320,542
(1,240,612)
1,079,930

15 . ANALYSIS OF NET ASSETS BETWEEN FUNDS

26

Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2024

Comparative information in respect of the preceding period is as follows:

Fixed Assets
Current Assets
Current Liabilities
Total		 Restricted
Funds
£
-
261,020
-
261,020		 Unrestricted
Funds
£
4,395
1,010,161
(687,916)
326,640		 2023
Total
£
4,395
1,271,181
(687,916)
587,660

27

Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2024

16 . RECONCILIATION OF NET INCOME FROM OPERATING ACTIVITIES TO NET CASH FLOWS

Net Income for the reporting period
Depreciation
Amortisation
Decrease/(Increase) in debtors
(Decrease)/Increase in creditors and provisions
Net cash (used by)/provided from operating activities		 2024
£
492,270
1,295
3,100
(403,013)
552,696
646,348		 2023
£
26,066
3,759
18,600
(495,808)
567,850
120,467

17. ANALYSIS OF CHANGES IN NET DEBT

Cash and Cash Equivalents
Cash		 At 1 July
2023
Cashflows
Non-Cash
Changes
At 30 June
2024
743,342
646,348
-
1,389,690
743,342
646,348
-
1,389,690

19. RELATED PARTY TRANSACTIONS

Trustees made total donations to the organisation of £1,726,000 (2022: £1,726,000) without conditions in the year.

There were no other related party transactions.

20. MEMBERS LIABILITY

The company is limited by guarantee and has no share capital. The liability of each member in the event of winding up is £1.

28

Centre for Homelessness Impact Notes to the Financial Statements for the year ended 30 June 2024

21. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable Activities
2
TOTAL INCOMING RESOURCES
EXPENDITURE ON
Charitable Activities
Implementation & Design
3
Evidence & Data
3
Movement
Building
&
Communications
3
TOTAL RESOURCES EXPENDED
NET INCOME/(EXPENDITURE)
NET MOVEMENT IN FUNDS
Reconciliation of Funds:
Total Funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
1,726,000
75,000
1,801,000
464,005
942,430
444,559
1,850,994
(49,994)
(49,994)
376,634
326,640		 Restricted
Funds
£
-
884,259
884,259
-
614,304
193,895
808,199
76,060
76,060
184,960
261,020		 Total 2023
£
1,726,000
959,259
2,685,259
464,005
1,556,734
638,454
2,659,193
26,066
26,066
561,594
587,660

29