REGISTERED COMPANY P*'UMBER: 12068336 {Engl2nd aHd Wale51 RECISTERED CHARITY NL.MBER.. 1184991 STRATEGIC REPORT, REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED30JUNE 2024 FOR CUMBRIA COMMUNITY HOMES Collards Charted Ac¢ouniants Ststuiory Auditor 5-9 Eden Stre¢t Kingston-upon-Thame5 Surrey KTI IBQ
CLIMBRM COMMuf*lTY HOMES CONTEN'TS OF THE FINA.NCIAL STA TEMENTS FOR THE YEAR ENDED 30 JUNE 2024 P4¥e Strategie Report Report of the Trustee5 Report of the Indtptndent Audi¢or5 Statement of Finaneial Artivities Balance Sheet 10 C25h Flow Statement Note5 to the Cash Flow StstemÈnt 12 Iyotes to the Fingnci41 St4tement5 13 10 19 DetsÈl¢¢J Ststemellt of FinAncig1 A¢tivities 20 to 21
CUMBRIA COMMUNITY HOMES STfuTECIC REPORT FOR THE YEAR ENDED 30 JUNE 2024 The misiees Present theTr strdtegic Tepon for the year ended 30 June 2024. REVIEW OF BUSINESS OBJECTIVES ATriD ACTIVITIES The charity's objectives contained wEthin th¢ rnemorandum and articles of association, is to cary out for the benefit of the community. the business of proi'iding and tnanagin8 housin& including Social Housin& and providing wi$tan¢e 10 help house p¢ople and a550ciaied facilities. amenitie5 and services for persons in need because of youth, ag4 ill-healih, disability, financial hardship or other di5advaniage. i2nificant actiK'iiies We provide good quality accommodation to vulncrable adu115 in the community meeting th¢iT individuaI needs. We provide ienancy related ¢#r¢. suppon and supervision in a pernoD4entred way enabling the e]thanc¢m¢¥rt and development of life skill& personal gromh. independence. choiee. and ¢ontrOI. We help ihose who are hoTnel¢ss or ai risk of home1¢$% individuals who strng81¢ with mental or physical health or w2th a learning diificulN, th05E 'hO gr¢ in recovery frotn $ubstanc¢ rnisuse and peopl¢ who are fleeing domestic violence. We offer one to one financial 5UPPOrt wilh personal budgets and provide a rnenlor for helping plan daily activiiies Surrounding their t¢nancies su¢h a5 meal plannin& domestic duties and we signpost and support individuals Wlth opportunities 10 50ci8]is¢ within the local communiry. Our uDd¢rpinning ethos is ro develop an individual's capacity to live independently in the communiry and 10 develop or suswn b&sic life skills needed to hold down a t¢nancy or maIntn a home. Values Trnsi We build Telaiionships on iN$t Ond keep our promiw to Tnea the ¢xp¢ctations of tenants and be honest if we can'L Integrity We pra¢Tice providing a qllaliry service with integrity se51[]y1ty. Non-judgemenial '¢ listen io and m¢¢t the needs of ev¢ryone in a non-jud8¢ment7J way. Teatnwork We con*antly look at way5 10 improve and deliv¢rour serviee. Empathy We put OUelVeS in other people's sho¢5. Posiiive attitude W¢ pratiice with e problem-solving approach. History The busine55 was incorpord on 25th June 2019. and became TeBist¢red &$ & chzrity on 21sr Au8USt 2019. CCH has sinc¢ grown into one of the leading Housing Support providers a¢r055 Curnbri& pan$ of L2ncashir¢, Ihe North-knt. Lin¢oln5hire and Wcst Yorkshirt. Page I
CL1MBRL4 commulTy HOMES STRA TEGIC REPORT FOR THE YEAR EWDED30JUNE 2024 ACHIEVEMETr4T ATr4D PERFOIiIL4,NCE Strdle8ic Growth CuTrenlly CCH haTre over 300 homes in managem¢ni. The strategic plan for (he n¢xi 12 rnonths is to tonsolidate the ¢urrent Service being provided and ensure rhat th¢ dav io d2}. operaiions run srnooihly. We coniinue to revieM' the Structures and Controls 2cross the business. CCH currentlv emplo%. 38 people across the business including housing m2naBemenL tenancv oificers, m2tntenan¢& admin, compliance and finance and where necessary relv on a network of suppliers for 2d-hoc services. Public Benefii The Trusrees are aware of Clwity Commission 8uidance on public benefit reportinB &$ Sct Oul in Section 17 of the Charili¢s Act 2011. Thefv believe Cumbria Comrnunitk Hornes fylfils a fjJndatnental public benefit bi, providin8 and managing housing together with prokidin4 assists¢¢ lo people in need. Review of activities The seTr'ice provided bj the company lo its lenaots wa5 ver¥. much business 85 usu81. Tenancp officcrs spend regul lime '1th each of their tenants 10 help them work Ihrough their suppon needs folloi¥tnB an agreed sUPPOrt plan ivhich idenriftes Specific needs that the ienani requires help Mith. In addition an on-c2112417 15 available for out of hours suppon. The cost of nlMing the properti¢s has incre2s¢d as the cost of liiing, materials and labour have all increased during thi5 lim¢ but Strict policTes of obtai18 quotes and ¢Slitnates hAve helped reduce Ihird partv supplier coms. The introduciioii of more ¥iring¢nt Entemal opeIDn8] pro¢¢sses and procedure5 h&$ hclped lo improve the smooth daily operations of running the companv. Relationships 1th coun¢il& in particle the Hou5Tng Benefit team& ha¢ ensured claims are being processed and pd in & timely mtnner which a p05iiive effect on the flow Of th¢ bu5ine55. Page 2
CUMBRIA COMMUNITY HOMES STRATEGIC REPORT FOR THE YEAR ENDED30JUNE 2024 FINAiICIAL REVIEW The 2023124 year coniinued to b¢ challenging from a financial point of view for the Chariry. However thc statement of financial activilies shows a net surplus of expenditUTe in th¢ vear of £108.047 Compared to a deficit in the prev50us year of £294,008. As a Tesult of various issues arising throughout this and ihe previoll5 yesr. thc Chief Executive resigned in De¢ember 2023. At ihst lim¢ Ihe trUeeS were added signaioTies on the compan>"s bank account and a mandaiory dual authorisarion w&5 put in place for all paymenis. The r¢-rUCiut1B of the bustness to ensure financial slabiliry continues. A tribunal heoTing ¢on¢emin8 di5PUted r¢ni for & Property in Lawson Sire¢i Barrow-in-Furne5S. took place in November 2023 and reached a favouTabl¢ oui¢om¢ for the Company. Rent owed 10 th¢ ¢ompany w&8 pasd in April 2024. The funds received were uscd to pay uff the rent arr¢&rs 10 our landlords 'hts are now sll up io dale receiving payments of reni and when they fall due. The excepiional items detailed in Ihe accounts hav¢ been r¢¢o8nis¢d charitable expenditure and are included in the tement or rinancial o¢1ivilies l$¢e noi¢ I11.Th¢s¢ rele to pa>Th¢nrs made 10 the fonner Chief Exeeutive whi¢h w¢r¢ %¥rin¢n off as irr¢¢ov¢rable when she left the Cornplny. Due 10 the strict financial conirols pul in place by ihe Finance Director since Deeember 2023. the Company is now in a much stron8er linancial position and recoverin8 11$ fund deficit. The accounting period onding June 2025 will show. as do the 2024 accounts. thai the Charity is runnin8 Wlthin its means. W¢ have been working with our accOunntS Jnd auditors and have upgrnded finan¢ial system5 and intemol eontroI5. R¢serv¢s policv Th¢ charitj's policy 15 10 build up lis rc5erve5 for the purpose5 of the development and sugtain&bility of the Ch)ty. By th¢ end of June 2024 the Chariiy $ho.td a deficii of funds of£276.425 ¢ompared lo £384.472 os at the 30th lun¢ 2023. The tru$iee5 have pui in place Procedures for the deficii to be reversed. As at the date of the $i8ning of the &e¢ounis, the d¢fi¢it h bL¢n reduied by around 90ts/ As a result of Ihc abov¢. Ihe accounts have been pr¢pared on a going concern b&5is And the InJMees are onfidcni that meA5ures taken will ensure financial stability in futur¢ years. FinRncial And risk rn8ll&Bemeni objeciives and policic5 The Iru¥1¢¢5 have as%¢ss¢d Ihe major risks io whieh the charity is cxpo5ed, in particular those lated to the operation5 and fin#n¢e of Ihe charily and are saii$fi¢d that sysirrns ar¢ now in place to miligale its exposures io these risks. The Boord ol. Tru51ces review Ihe annuol bud8et payin8 P8nicular attentitsn to the bal*nc¢ betwecn income and expenditure and the amouni needed to be retaled in r¢scrve5. Page 3
CUMBRIA COMMLIYITY HOMES STRA TEGIC REPORT FOR THE VEAR ENDED30JUNE 2024 STRUCTURE, GOVEILNAliCE AliD MANAGEMENT Governing document The tharip¥ is controlled by Tts governing documenL AAicle5 of Association, 2nd constitute$ a limitd compan). limited by guarante4 a5 defined by the Companies Act 2006. RerruiiTneni and appointment of ntt¥ trustees The Current trustee5 are aware that at prestni there are onlN 1*0 Irusiees 14hich 15 not in accordance Th"ith the goveming document. Th¢v are in the proce55 of lookine to appoini nem" trustee5 that will help drive the ChariThJ forward and tnsure that those who are appoinied deTnon5trate r¢levant ¢xp¢rtence from within the se¢ior. for exaTnple landlords. ex-council meTnb¢T5 and indtviduals N4'ith financ¢ and propem developTnent experience. N'ew trusr¢¢s will be appointed under the terms of th¢ Article5 of Association by a resolution of the existin8 trustee& who a150 Director5 of the Company. All trustees are 2nd will be made aware of their responsibilitie5 before appointment. Or£tnisational Slruciure Christine Btt stood Chief Execuiive in December 2023 and the dav to daw opeTations of the business are now being martog¢d bv Arnanda Sieven& for w'hich $he rtceive5 a f¢¢. and ihe senior manaeement teatn. Risk manageTn¢nt The Trustees continue to Essess Ihe Tisk and uncertainiies facing the Charits. and how these ma}, impaei the finan¢ial p05iiien of the Chariii.. Risks are identified in the Trusiees meeiings and an). riskg that are f¢lt 10 preyeni Ihe Charitv achieving its objectives are revi¢i¥ed i¥ith the senior managerneni le8. Approv¢d bv order of the board of ISte¢S 00 20 November 2025 and stened on its behlllf by.. 5 E J Siones- Trustee Page 4
CVMBRtA COMMUNITY HOMES REPORT OF THE TRUSTEES FOR THE YEAR ENDED30JUNE 2024 The trustee5 who are 8Jso directors of the charity for the purposes of ihe Companie5 AGt 2006. present their report with the financial staiemenis of ihe charity for the vtar ended 30 June 2024. The tTUStee5 have itdopted the provisions of Accounting and Reponing by Charities.. Siaiement of Recommended Pr&ciict applicable io charities preparing their ac£ounts in accordance wirh the Financi Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 lefftciivc l January 20191. STRUCTLRE. GOVERNANCE AND MAIYAGEMENT Governing docutnent The Charit is controllcd by its governing docurnenL a d¢¢d of tru, 4nd conltu$ a limited company, limited by guardntee. a5 defined by the Companies Act 2006. REFERENCE AI%D ADMINISTRATIVE DETAILS Rtgistered Company number 12068336 (England and Wales) Registered Charity nutnbtr 1184991 Registered office 37 Rii'er5ide Gardens Barrow in Fumess Cumbria LA13 ODD Trustees P Sheldon Propem Debeloper IsIgned 30.10.241 Ms.4 %i¢i'en5 Consuli8ni (resigned 9.10.251 Ms E J Stones DTrrecior I Watt5 lappointed 9.10.251 Auditors Collards Chartered A¢countBnts Staiuiori, Auditor 5-9 Eden Sire King510n-upon-Thames Surr¢v KTI i8Q STATEMENT OFTRUSTEES, RESPOP4SIBILJTIES The tnisLee5 (who are also Ihe dirtrtors of Cumbria Community Homes for ihe purposes of company lawl are responsible for prtpdring Ihe Report ofthe Trustee5 and the financial srattmenls in accordance with applicable law and Dniied Kingdom Accouniing Standards (United Kingdom Generally Accepd Accounting Pra¢tic¢l. Companj law requires Ihe Irusiets tg prepare financial $raiemenis for each financial yeer which give a true and fair view of the srat¢ of affr5 of the charitable c(>tnpanv and of th¢ incoming rOurCeS and application of resources. including the income and expenditure. of the chaTiiabl¢ company for that period. In prep2ring those financi stai¢meni& the tnJs¢s are required to select suitable ac¢ouniing policies and then apply them con51Stently.' observe the ffleihod5 and princip1¢5 ITr the Charity SORP., tnake judgemenis and ¢stimaLes that aTe reasonable and prud¢ni,' Si¢ whether applicable accountin8 Standards have been followe¢ subje to any mateTial departures disclosed and expl8tned in the financial slatements.. prepare the financial statements on the gtsing concern basis unless it is inappropriate presume that the charitable cotnpany will niinue in busines5. The trustee5 are responsible for keeping prop¢r accounting records which dist105e wtth reasonable accuracy aE any time the financial position of th¢ charitable company to enable ihem to ensure (hat the financial sratemenis comply with (he Compani¢s Act 2006. They art a150 responsible for safeguardTng the set5 of the choritable cotDPgmy and henct for takin8 re250nable steps for the pr¢v¢ntion and deteciion of fraud and other irregularities. Page 5
CbMBRIA COMMUNITY HOMES REPORT OFTHE TRbSTEES FOR THE YEAR EN'DED 30 JL.NiE 2024 STATEMI ET OF TRUSTEES, RESP0Tr4SIBILITIES- ¢ontiDu¢d In so far as the trustees 2re aware.. there 15 no relevant audit infonnation of which the charitable eompany's auditors 2re Ua,are.. and the trustces hai'e tak-en all steps Ihat they OUBht 10 have taken to makc ihems¢lves ailare of any Telcvani audit infomation and 10 establish that ihe auditors are aware of rhat informaiion, AUDITORS The auditors. Lollards. will be proposed for re•appointment ai the fonhcorning Annual Gencral Meetin8. Approved by order of Ihe board of irustces on 20 Nowember 2025 and signed on its behalf by.. Zs M5 L I Sion¢s. Tru51¢¢ Page 6
REPORT OFTHE INDEPENDEYT AbDITORSTOTHE MEMBERS OF CUMBRIA COMMUNITI. HOMES Opinion We have audited the financial siateTnthts of Cumbria Communitr Homes lthe 'charitable company'l for the year ended 30 June 2024 which wrnprise the Statement of Fin2ncizl A&vItIes. th¢ Balance SheeL the Cash Flow Siatement and notes to the financial staiements. including J summary of significant actouniing polici¢5. The financial reporting framework that ha5 been applied in their preparation is applicable law and United Kingdotn A¢countuJg Standards (United KingdoTn Genera]ly Accepted Accounring Practice). In our opinion the financial statements.. give a true and fair view of the state of the ¢hsritable company's affaiTS as at 30 June 2024 and of its incoming resources and application of resources. including its in¢ome aTrd exp¢ndilure, for ihe year then cnded. have been properl), prepared in accordance with United KingdoTn GeDerally Accepied A¢¢ounting Pra]re. and hake been prtpared Tn accordance with the requirernents of the COMPleS Aci 2006. Basi5 for opinion Wt conduued our audit in accord2nce with Iniemational Siandard5 on Auditing ILK) IISAS IUKII and applicabl¢ law. Our rtspon5ibililicS under ihose stand2rds are funher described in the Auditors. respon5ibiltties for the audit of the financial sraietnents section of our report. We are independcnl of the charitable company in accordance wilh Ihe ethit21 requirernenis ihat are ttlev2nt to our audit of the financisl siatem¢n15 in the UK, including tht FRC'S Eihi¢al Standard, 2nd w¢ have fijlfilled our oiher ethical responsibilitie5 in a¢cordance with Ih¢5¢ rtquirements. We bclieve ihai the audit evidence we hav¢ obtained is sufficieni and appropriatr to Provide a b1$ for our opinion. ConclusioTrs relating to going tontern In audiling the financial slatetnent5. we have concluded that the trust¢e$' use of ihe 80ing conccrn basis of a¢¢ounting in th¢ prep3Tarion of the financial siaiemenis is appropriat¢. B¢& on the work we have p¢rform¢d. we have not identified any materia] uncertaintitt relating io events or conditiOll5 thaL indiwidua]ly or collectively. m8V C&St signific8nt doubl on the chariiable cosnpany's ability to Continue as a going Concern for a period of ai Iwi Iw¢lv¢ months from the financial statern¢Dts 4re authgrised for issue. Our responsibilities and the Tesponsibiliiies of Ihe trnstees with respect to going ¢onrem are described in the Televant seciion5 of ihis r¢pon. Emph4sis of matter W¢ draw allention 10 noie I l of the financial Matements in latson to exceptional item included in the accounts. Our opinion is noi rnodified in thi5 Te5pect. Other information ThL Iruste¢s ar¢ responsible for th¢ other infornmtion. The other infomiation ¢ompris¢s the tnfortnation included in the Annual Report. oiher than thc ftnantial statemenis and our Report of the Independ¢nt Auditors thereon. Our opinion on the financEal 51ai¢mtnis does not cover Ihe other inforniation gnd. cept io th¢ extenr otherwise expliciily stated in our reporL we do not expr¢ss any lomi of aSsurce conclusion th¢reon. In conne£tion with OUT audit of Ehe financi21 star¢ments. our rcsponsibilsty is to Tead the other inforniaiion and, in doing so, consider .h¢ther Ihe other informaiion Is rnalcr11Y inconsistent with (he fInancial statement5 or our knoM'led8e obtained in the audit or othenvis¢ appe2rs to b¢ materially missraied. If we identify such matrrial in¢on51Stencies or apparent material misstatetntnts, w¢ are required io daermine %vhethET this gives rise to a material rnisstaiemenr in the finan¢ial 5t21emenis themstlves. If. based on the work e have perfomied. .¢ conclude thai Ihere is a material mis5t3itrn¢nt of thTrs other information. we ate r¢quiTed to repon that fact. WE have noihing io report in thi5 regard. Opinions On other m8tter5 pres¢ribed by the Companies Act 2006 n our opinion. based on the work undenaken tn the Cou¢ of the audit.. the informaiion gii'en in the Strategic Report and the Report of the Trustecs for the fi0CIal yeat for which the financia] staiemenis are pr¢par¢d is ¢on5iStent wilh the financial siat¢tn¢nts,' and the Strat¢gic Report wd the Report of the Trustees been prepared in accordance with applicable legpj requirement5. Matters on which we &r¢ required to report by txeeption In the light of the k'nOledge and undersranding of Ihe charitable compÈn)' gnd its environment obtairted in the course of the audiL we hav¢ not ideniifi¢d material rnisat¢menLS in the Strategic Repon and the Report of the Tmstee5. We have noihing 10 report in rcspeet of tht following matters where the CoTnpanies Act 2006 requires us 10 report io you if. in our opinion.. adcqu a¢couniing records have not been kept or rurnS adequate for our audit have noi been receiv¢d from branches noE Vlslted by u5. or Ihe financial statement5 are noi in tgreemeni with the accounting TecoTds and retUrn5' or cenain disclosures of truste, remuneraiion specified b}, law are noi made.. or w¢ have not receii'ed all the inforniatioll vmd explanations we require for our audit. Page 7
REPORT OF THE I,NDEPENDEliT.4LIDITORS TO THE MEMBERS OF CL'MI BRIA COIMMI UNITY HO.MES RespoTr$ibilltles of tru5tee5 As explained more fvllv in th¢ Si2iem¢nt of Trustees, ResponsibilTri¢s. the trustees (who are a150 the directors of the charitable Compank for the puryoses of companN' l&wl a responsible for the preparaiion of the fJnan¢ial siatcrnent5 and for being 5aiisfJed that the). give a Irue and fair view, and for Such inttrnal ¢onrrol a5 the trustees deterniine is necessary. to enable the preparation of financial Statements thai are free from material MIMen( whher due 10 fraud or error. In preparing the fTnan¢ial staternenis. the truste¢s are responsible for assessing the chariiable ctsmpan>"s ability to ¢ontinue Eoing ¢on%rn. disclosin8, &$ applirnble. matters related 10 going concern and using the goinB concem basi5 of accotsnting unless th¢ trustee5 either Intend 10 liquidaie the chariiable ¢ompanv QT io cease operation5. or have no realistic alternative bui to dts so. Our re5pon5ibilities for thE audit of the financial ststements Our objeciives are to obthin reasonable sUr8n¢t &bour hether the finan¢iAI thtemenis &$ a M'holc gre free frotn rnaierial misstat¢menL Mhciher due to fraud or error. 2nd 10 tssll¢ a Repon Of Ihe Independeni Audiiors Ihai includ¢s our opinion. Reasonable assurance is a hi8h level of a5suranc¢. bui is not 2 8uaranttt thai an audit ¢OndU¢d in accordance wirh ISA5 IUKI will always dde m81erial misstatctneni when li exisis. Misstatements can arise from fraud or error and are ¢onsid¢Ted m21erial it.. individually or in th¢ aggregaie. thcv could reasonablj be expected to influence the economic decisions of ugerg taken on the b&sis of these financial Sliiiemenis. The extent io whi¢h our procedur¢s are capable of d¢t¢¢tin8 Irregulariiies. including fraud is d¢iailed below.. W¢ gained an undersianding of rhe le8al and regulatorv framework applicable 10 ihe cornp&n> and ihe indusirv in u.hich li operates and. consid¢red the risk of 8¢15 b> Monagement hleh WCTe ¢ontrark its applicable la$ and re8ulations, Tncluding fraud. W¢ m&de ¢nquiri¢s of the Dir¢¢tor$ io obtain further onderstanlin8 ofrisk's of non-¢ompliancc. W¢ fixused on laws and regulations that Could 8iv¢ rise 10 a rnaterial misstaternent in the flnoncial 51a¢emenis. Our tests included. but were not limiied to.. a8rc¢menl orth¢ financial 51atemetti dise105ure5 10 underl%'in8 SUPPOrtlll8 documeniation.. enquiries of mana8em¢nl regardin8 knOTr or su$p¢eicd insian¢es of non-compli(¢ H'iih laws and rcgulaiion$: revie of minulcs of the Baard rneeiin85 throuBhoui lh¢ l'ear.. and obiainins an undcrswiding ofihe control cnvironm¢nt in place to prevent ttnd dde¢t irregulariti¢5. Our audit procedures were designed to re$pond to risks ofmaierial misstaicment in the financial 5taiemenis. r¢¢o8nisinB Ih81 the risk of not detcctin8 a moierial missiatemeni due io fraud 15 hi8her than the risk of not det¢¢ting onc rcsuliinB from eTror. AS fraud may involve deliberaie cenccalmeni by. for exrtmplc. for8ery. rni5representtttions or through collusion. 'There aT¢ inhercnl limitatlOll5 in ih¢ audit procedures p¢rfoncd ond Ihe further removed non-compliance Mith la.$ Ind regulations 15 from the ¢vent5 and tran5aciion$ reflecied in ihe financial statements. Ihe less likclv we are 10 become 8w8r¢ of it. A furthw dexripiion of our responsibilities for the audit of the finllncial $tat¢mcntS 15 locAied on the Financial Reporting Council, ebsite at M4ryv.frc.or8.uklauditorsresponsibSlltl¢5. This descripiion fonns part of our Report of the Independent Auditor5. Lse of our rtport This reporr is made solely to the ch4ri18bSe ¢ornpany's memhets. as a bod),. In aecordance m.lih Chapter 3 of Pan 16 of the Comp8ni¢s Act 2006. Our audii ivork. h3$ been undertzk.en so thai Ise mighi stsic to ih¢ ¢haritable compan>'s members Ihosc maiiets we are required 10 $latc io them in an Audiiors, report and for no other purpose. To the full¢si exieni permitted b> law. w¢ do net accept or assume rt5ponsibility lo anvone oiher than Ihe ch2rit8ble compan$ and the chaTii£ble Company's members 85 a body. for QUT audi¢ ivorL for this report. QT for the opinions e have formcd. Christopher JulT8n Brigsiockc FCA (Senior Statutorv Audiiorl for and on behalf of Collards Chartered Accouniants Siatuiory Audiior 5-9 Eden Street King5ton-upon-Thames Surr¢v KTI IBQ 20 N'ovember 2025 PaB¢ 8
CUT41BRIA COMMUNITY HOMES STATEMENT OF FIIIANCIAL ACTIVITIES FOR THE YEAR ENDED30JUNE 2024 2024 2023 Toia] fund5 Unre$trieted fund Notes IISCOME AND EYDOWMENTS FROM Donations and legaciES 15.499 Chsritsble a¢tjVLties Housing 4,267,068 4.111,304 Inve51menE income Totsl 4267.072 4,126.803 EXPENDITURE ON Charitable Attii'ities Hou$ing 3,982,089 3.417.748 OtheT 176,936 1,003.063 Total 4,159,025 4,420,811 ET INCOMEIIEXPETr¥DITUREI 108,047 1294.008) RECONCILIATION OF FUNDS Toial funds broughi forward 1384,4721 (90,4641 TOTAL FUIIDS CARRIED FORW.4RD 1276,4251 1384,4721 The notes forn part of thes¢ fin8ntial fftternents Page 9
CUMBRIA COMMUNITY HOMES BALANCE SHEET 30 JLNE 2024 2024 2023 Tot funds Unrestricted furjd CbRRETrT ASSETS Debtor5 Cash ai bank 13 257.031 16.475 379.969 1.895 273.506 381.864 CREDITORS Atnounis falling duc within one vc2r 14 1536,6161 1743.0111 ET CbRREThT ASSETSIILIABILITIESI 1263,1101 1361.1471 TOTAL ASSETS LESS CURREN'T LJABJLITIES 1263,1101 1361,1471 CREDITORS Arnoun15 falling due after more thAn one vear 113J151 123.3251 NET ASSETSI{LIABILITIESI 276,42SI 1384.4721 FLNDS L,nresiry¢itd fvnds 18 1276A251 1384.4721 TOTAL FUNDS 1276.4251 1384.4721 The financial st&¢rnents wert approved bv the Board of Trustees and auihorised for Trssuc on 20 N.ovember 2025 and ii'eTe Slgned on its behalf b).: E J Stones- Tnjstee The note5 fo part of Ihcse fin8ncl statemen15 Page 10
CUMBRIA COIqMUNITV HOMES CASH FLOW STATEMENT FOR THE YEAR ENDED30JUYE 2024 2024 2023 Notes C8sh flow5 frojn operating activities Cash g¢n¢raEed frorn operat10ns Inierest paid 123,155 176,2021 171.343} 127,1811 Net cash provided byllused inl opeNing actiwiiics 198.5241 Cash Itows from investitsg activitie$ Inier¢51 received Nti cash provided by investing activities Cash flows from financing 4ctivtlies Ncw loans in Jear l.oan repayments in year 113.285 116,8501 132.377) Nlei ¢&h Iu5ed inllprovidd by financin8 activities 132,377) 96,435 Change in cash and ta5h equivAlents in the reporting period Cash and eash Èquivalents 2t the beginning of Ihe reporting period 14580 12,0891 3.984 Cash cash equivalents at the end of the reporting period 16.475 1,895 The note5 forni part of these financial stst¢rnents Pa£e 11
CUMBRIA COMMbiSlTY HOMES YOTES TO THE CASH FLOW STATEMENT FOR THE YEAR E.NDED 30 JUNE 2024 RECONCILI.4TION4 OF NET IN'COMLfl£XPEIDITLREI TO YI ET CASH FLOW FROM OPERATINC ACTIVITIES 2024 2023 et incomellexpenditurel for the reporttng ptriod la5 per the Ststtmettt of Financial ActlVLties} Adjustments for: Intertst received Inttrtst paid Decrease in debio (DecretIl1nCre8St ¢reditors 108,047 1294.0081 141 76.202 122,938 1184,028 27.181 162.952 32.532 Net c*sh provided byllu5ed inl operation5 123.155 171.3431 ANALYSIS OF CHANGES IN NET DEBT At 1.7.23 Ch flow At 30.6.24 et C25h Cash at bank 1.895 14,580 16,475 1.895 14,580 16,475 Debt Debts falling du¢ wiihin l l.tar Debts falling due after l year 1123.294 123J251 22,367 io,oio 1100,9271 113JlSI 1146,6191 32 J77 1114242) Tot21 1144,7241 46,957 197.767) Th¢ notes form part of tbese financial ststem¢nts Page 12
CL.MBRIA COMMUNITY HOMES TrOTES TO THE FITr4ANCIAL STATEMENTS FOR THE YEAR ENDED 30 JDNE 2024 AcCOuTING POLICIES B8515 01 preparing the financbal stktements Th¢ financial teMentS of the chariiabSe company, which is a public benefit entity under FRS 10? have beeD prepared in accordance with the Charit1¢5 SORP IFRS 1021 'Accouniing and Reporting by Charities.. Stament of Recommended Practice applicable to charities preparing their accounts in a¢¢ordan¢e w'ith th¢ FInCIal Reportin8 Standard applicable in th¢ UK and Rcpublic of Ireland IFRS 1021 leffeciive l January 20191,, Financial Reponing Siandard 102 'The Financial Reporting Stand&rd applicable in the UK 4Dd Rtpubli¢ of Ireland. and the Companies Act 2006. The financi81 staiemen have been prepared under ihe historical ¢osi Convention. Jneome All income is Trctsgni5ed in the Stht¢m¢nt of Fin2nctal Activities on¢¢ th¢ Charity has entitlement to the fund& it is probable Ihat the income will be Teceived and the amount can be measured Teliably. ExPenditre Liabiliiies are recognised as expenditur a5 soon there is 2 legal or ¢on$tructive obligation committing the ch2rity io that expenditure. it is probabl¢ that a ifdnsfer of econotnic benefits will be required in settl¢rnent and the amount of the obligation can bt measured reliably. Expenditure 15 accounied for ott an accruals basis and h8s been ¢Isir1e11 under he&dings thai aggregaie all cost relai¢d io the Ce80Th. WheT¢ COSIS cannoi be directly attributed to particular headings they have been allocated to activitie5 on a basis ¢onsiMeni with the use of resources. Taxation The charity is ex¢TllPi from c4)ryorntion t&x on its ¢hariiable atY11]eS. Fund xccounting Unrestricied funds cen be used in accordtn¢e wilh the charitable objtrtives ar the di5LYfflion of the trUees. Restricted funds can only bc used for particular restried purp05e5 l*lthin the obje¢ts of the ¢harity. Restrictions arlse whert specified by the donor or when fund5 are raised for particular rtStrict¢d purpose5. Further explanation of the natUTe and pury05¢ of ea¢h fund &$ includcd in the noies to the fjnoncial stments. Hire pur¢hase gnd leisang tommitments Rentals paid under operaiing le&%¢s are charged to the Staiemtnt of Financi A¢tivities on t styghE line b&8is over the p¢riod ol-Ih¢ lease. Pension e05ts and other post_retirement benefits The charitable companj operates 2 defined contribution p¢n5ion scheme. Contribuiions payable to the charitable ¢ompatty's pension scheme are ch8¢d to the St8remeni of Fin&ncid Activities in th¢ period to %vhich they r¢lat¢. Goirjg contern The Charii>' has reported a surplus for the year of £124,037 compared to a deficit of £294,008 in the previous ye. In spite of ihe SUTpIus Tn the yettr th¢ accounts show a deficit of assets in The accounts & 21 30 June 2024. As reported in the previous yearfs accoun[& the deficii ar05¢ due to charitable expenditure being committed without the nece55ary funding and made in excess ofthe funds available to suppon su¢h charitable expenditure during that year. This is more fully set out in the TntSl¢¢s Repon. As a result of the i5sue5 2risin& th¢ CEO r¢5igned from the Charity in December 2023 and the Tmstees are urgently looking for rep12cetnents at management level to ensure Ihat the Charity h&$ proper Bovemance and control over it5 finance5. In the tneantirne ihe Trusiees have been ovtrseeing the operation5 of the Charity and hav¢ ensured that fund5 have b¢en only spcnt in excess of expenditure incurred and this has lead 10 the reported surplus in this yearfs a¢eount& Under new rDanaEement the Trusrees h2v¢ also ¢nsured that PToper fin3Dcial controls have be¢n put in place and that rhe orwisaiion h& Oper¢ ensuring that a surplus of funding h&$ been generaied. They art confident thai such me&sure5 will allow Ihe organisaiion io continue to njn its operations at a sury)lus. The atcounts have therefore b¢¢n pr¢pared on a going concern b&sis. Page 13 continued...
CLMBRIA COMML>41TY HOMES NOTES TO THE FINANCIAL STATEMENTS- c(tInUed FOR THE YEAR EN'DED30 JLfv4E 2024 DONATIONS AND LEGACIES 2024 2023 Donaiions Granis 4.999 10.500 15.499 Grans rectiv. includcd in the abov& are follow5.. 2024 2023 Oth¢r grants 10.500 INVESTMENT INCOME 2024 2023 De511 accouni interest INICOME FROM CHARITABLE ACTIVITIES 2024 2023 Rent contribution Support charges Housing Housing 4,212,566 54,502 4.051.103 60.201 4,267,068 4.111.304 CHARITABLE ACTIVITIES COSTS Support osts (see note 61 DiTe¢t Costs Totals Housing 3,569.733 412.356 3,982,089 SbPPORT COSTS Cjovernance cost5 Man2gem¢ni Finance Tots15 Housing 324,075 76,281 12,000 412.356 ET IYCOMEIIEXPEYDITURE) Net incomellexpenditurel is std efter chargingjlcreditingl.. 2024 2023 Other operating le8ses 13,197 13.124 Page 14 continued...
CUMBRIA COMMUNITY HOMES NOTES TO THE FINANCIAL STA TEMENTS- ¢oDtinued FOR THE YEAR E2YDED30JUNE 2024 AUDITORS, REMUNERATION 2024 2023 Fees payable lo IhL tharity's auditor5 and their a550ciates for the audit of the charity's fintn¢ial sialemenis 12,000 12.000 TRLSTEES, REMUNEIL4T[O AND BENEFITS There were no trustees. uneratIon or other benefjis for the year ended 30 June 2024 nor forth¢ vear ended 30 June 2023. However, I.rute$ were p4id fees for working or the Charity as follows.. 2024 2023 Emma Stones Amanda Stevens 14.iOO 33.000 32,51>0 29.960 Further daails of payments io related parties of the Tru91xs is shown in note 19 to the a¢UnIs. Tru5tees' expenses Thtre were no Irust¢es' expenses paid for the year ended 30 June 2024 nor for the yw ended 30 June 2023. STAFF COSTS io. 2024 2023 Wages and salarie5 Social securiik costs Other p¢nsion ¢051S 894,746 72,853 16,696 631.808 49,251 10,015 984,295 691.074 The average monthly number of eTnploy¢ts during Ehe ye8r w&$ a5 follows.. Employees 2024 2023 31 No emploi'ees received emoluThents in excess of £60.000. EXCEPTIONAL ITEMS During the yedr the Charity h&s recognised exception items of £176,936 {2023.. £550.1261. This rclates to the following it¢ms'. £nil 120?3 £331,781) Funding provided to Cumbria Cornmunity Person Centred Approach Limited re¢ognised as irr¢cow¢rable £176.93612023 - £62.8521 fiJnd5 attributsble 10 the forner CEO recolsed &s irrecoverable. Pege 15 continued...
CLMBRIA COM.ML'NITY HOMES NOTES TO THE FINAICIAL STA TEMENTS- continued FOR THE YEAR ENDED30JUNE 2024 12. COMPAR4TIVES FOR THE STATEMEN'T OF FINAThCIAL ACTIVITIES Unr5tricted fund IcomE AliD EliDOWME.NTS FROM Don21ions athd le82cies 15.41)9 Charit#ble activities Housing 4.111.304 Totsl 4,126.803 EXPEDITRE ON Ch2ritsble activities Housin8 3.417.748 Ihher 1.003.063 Total 4.4?0.81 NET INCOMEIIEXPENDITURE) 1294.0081 RECO.TrCILIATIOTh OF FLNDS Total fund5 brought fon4.ard {90,4641 TOTAL FLNDS CARRtED FORWARD 1384.47?) 13. DEBTORS: A.MOLNTS FALLING DUE WITH1Tr4 ONE YEAR 2024 2023 Trade debtors Other debiors 245,056 11,975 351.993 257,031 379.969 14. CREDITORS: Am0.T$ FALL1Tr4G DL,E wrrHIN ONE YEAR 2024 2023 Bank loans and overdrefts Isee no 161 Trade creditors Social 5ecurip' and other t&Xe5 Other creditors Accrued expenses 100.927 112.167 185,431 52,050 86,041 123.294 344.854 142.801 52.761 79.301 536.616 743.011 Page 16 coniirtued...
CUMBRIA cOMMU.[Ty HOMES NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 30 JUNE 2024 15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAP4 ONE YEAR 3024 2023 Bank loan5 Is¢¢ note 161 13JlS 16. An analysis of the maiuriry of loans is given below.. 2024 2023 Atnounis fallillg Jue '1th71) one year on de[tnd.. Bank losns 100.927 1?3.294 Amounis felling between one and No years.. Bank loans- 1-2 years 13,315 10.010 Amounts falling due betweell Iwo and fJv¢ yegrs.. Bank loans- 2-) year5 13.315 LEASING AGREEMENTS Minimum l¢ase pa>ThenE5 under non•cancellable operaiin8 leases fall due follow5: 2024 2023 Wiihin one year Beiw¢¢n one and five years In m¢re than five years 1,906,509 2,033,284 515,325 2.225.710 3,082,891 4.455.118 5.308.601 18. MOVEMENT IN FLbNDS Net movement in funds At 30.6.24 At 1.7.23 Unrestricted funds General fvnd 1384,4721 10&047 {276,425} TOTAL FUNDS {384,4721 108,047 127(425) Net movement in fund& included in the above 8re as follows: Incoming resources Resourtts expended Mowern¢nt in fvnds Unreslrieted fullds Generdl fijnd 4267,072 14,159,025} 108,047 TOTAL FUNDS 4.267,072 14,159,025 108.047 Page 17 coniinued...
CU.NIBRIA COMMLNITY HOMES NOTES TO THE FII%.4YCIAL STATEMENTS_ contirtued FOR THE YEAR ENDED 30 JLNE2024 i& MOVEMENT 11>4 FL.NDS- tODtinued Compar#tives for movtment in firnds N'et moi'emenr in fuftds At 30.6.23 At 1.7.22 Unrestricted lund5 GeTreral fund 190.4641 1294.0081 1384,4721 TOTAL FL.YDS 190.4641 1294.0081 1384.4721 COmpaliVe net movement in fvnds, included in the above are as follo"5-. lrtcoming resources Resources exp¢ndtd mO¢m¢t in funds Lnrestricted funds General fund 4.126.803 14.420.8111 1294.0081 TOTAL FUNDS 4.126.803 14.420.811) 1294.0081 A current vtar 12 month5 2nd prior Vear 12 months cotnbined posiiion 15 &s follows.. movement in fud5 At 30.6.24 Al 1.7.22 Unrestricted fvnd$ Gen¢ral fund I90.4) 1276.4251 TOTAL FUNDS 190.4641 1185.9611 1276.4251 A current vear 12 rnonths and prior vear 12 monrhs ¢ornbined net rnovement in fund* includcd in the above are as follows.. IncoTning resources Resources expended Movemeni Tn ndS restrtcttd funds General fund 8.393.87i 18.579.836) TOTAL FL.NDS 8.393.875 18.579.836) 1185.9611 Page 18 eontinued...
CUMBRIA COMMiiNITY HOMES NOTES TO THE FIliANCIAL STATEMENTS- continued FOR THE YEAR EiYDED30JUNE 2024 19. RELATED PARTY DISCLOSURES During the period. the cheritable company cntered into th¢ followin8 relat¢d pw traftsactions. S¢¢ separat¢ly note 9 in relation 10 payments mad¢ 10 Trustees. As at ihe balance sheei date the ch2riiable cornpany owed nil 12023.. £16,000) lo Emtna Stone& a Trustee in respect of fees owed. The comparaiive amount was included in th¢ Trade Creditors of the cornpzny. Stones has a debit balan¢¢ on her loan a¢¢ount to the company of £1 1,975 That loan is illreSt frce and all due within one vear. During the year the Charity received servi5 in the amoullt of £21.250 12023.. £35,825) foT rent for properties owyjed by Stone5 ISH Holdings Limtted. 2 Cotnpany owmed by M. Stones. This ended in January 2024. During the year. a debt owed by Mrs Christine Bee, an employ¢¢ of Ihe Charity. totalling £176,93612023 - £62,852) w&$ written Off as irrecoverable. a result of hcr dtpzrture from the Charity. During lh¢ vear (he Charirv had tranEaciions ith Cumbriz CosDmuniri Person Centred Approach Litnited. The ¢ornpanv funded ¥4'aoes. lax¢s and oth¢r costs of CCPCA iotalling £47,264 12023.. £411.2661 and CeIVed £33,245 12023 £145.3711 from CCPCA. Included in maintenance costs are pa)'ments made ro a relative of Amanda Stevens totailing £19.864. These fees were for maintenance servic5 provided to th¢ ChariEV'S renied properti£ during th¢ >'ear and are thertfore intluded in the eharitable expenses of ihe company.The Indildal became an emploJe¢ of Ihe Charirj in June 7024. Page 19
CbMBRIA COMMUNITY HOMES DETAILED STATEMEN4T OF FIANCIAL ACTIVITIES FOR THE YEAR EED 30 JL,NE 2024 2024 2023 INCOME AND EN47)OWMÈNTS Dongtlolls athd leg#cie$ Donations Grant5 4.999 10.500 15.499 Investment rntome Deposit account interesE Ch*ritAble atttvsties R¢ni coniribution Support charge5 4.212,566 54,502 4.0<1.103 60.?01 4.267,068 4.111.304 Totsl incomÈng resource5 4267,072 4.126.803 EXPENDrrDRE Charitsble activitie5 Wages Social securirv P¢n5ions Rcnt Maintenance Rates 894,746 72,853 16,696 2.277.845 297.031 10.562 6i1.808 49.2il 10,015 1151.034 542.703 3J69.733 3.)84.811 Other E¥ceptional items 176,936 550.126 Support eosts Management Other optraiiD.8 Itases In5uran¢e Lighi and h¢at Tel¢phone Postage and stationerv AdertISIng Sundries (hher staff ¢05ts Cleaning Office rent Traiel and subsistence Motor ¢xptns¢s Stor8ge CoTnpul¢r ¢xpEn5e5 Accountancy Professional fees COnsultcl. f¢e5 Ernploy¢¢ ¢xp¢ns¢s 13,197 4.530 3,012 26.242 1,578 346 2,192 4,009 4,095 19.504 7.496 70 J76 3.674 19814 6392 25,636 76,654 3428 13.124 5.826 6.276 27.779 3.993 5.196 20.012 5.405 21.236 24.720 100.731 4.477 21.682 13.098 70.303 98.172 324,075 442.030 This page doe5 not fonn part of ihe statutory finan¢ial statcrnent5 Page 20
CUMBRIA COMMUNITY HOMES DETAILED STA TEMETr4T OF FINANCIAL ACTIVITIES FOR THE YEAR EP4DED 30 JUNE 2024 2024 2023 Management Finknc¢ Bank charges StstutoTh interest Bank iniertsi Bank loan interest 1,674 2,989 5,925 21,256 75,491 70,281 31,844 Governsnce costs Audiior5' r¢mun¢ration 12,0(10 12.1>00 Toial resources expended 4.159,025 4.420.811 Net intomtllexpenditurel 108,047 1294,0081 This pag¢ does noi fonn part of th¢ statutory fjnancial sraiements Page ?1