Charlty reglstration number 1187753 COMMUNITY ACCOMMODATION GROUP ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 COMMUNITY ACCOMMODATION GROUP LEGAL AND ADMINISTRATIVE INFORMATION T¥ustees Philip Woolas Ichairl lan Brown Sajjid Huss&in Andrew Kllburn Robert Booth Management company Myshon Ltd Charity numbèr 1187753 Audltor BK Plus Audit Limited 52 St Johns Lane Halilax Wesl Yorkshiro England HXI 2BW COMMUNITY ACCOMMODATION GROUP CONTENTS Page Trustees. report Statement of Iruslees. rgsponsibilitles Independent audlloes rgport statement of financial activities 10 Bèlanee sheet 11 Stat8menl of cash flows 12 Notes lo the financlal statements 13-19 COMMUNITY ACCOMMODATION GROUP TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 Rèferetice and Adminlstrative Information Charity Name: Community Accommodation Group CharSty reglstratlon number: 1187753 Registered Offlce and operational address: Hornbgarn House Hornbeam Park Hookstone Road Harrogate HG2 8QT TYu$l•es Philip Wocilas- Chair lan David Brown- trust8e Robert Booth- trustee Sajjid Hussain- trustee Andrew Kilburn- Iruslee Senlor Managem¥nt Team Maxlne Moar- Chief Executive Oble¢llve8 and activitie5 CAG is a Housing First Charily. This meanÈ that our goal is lo provide permanent housing and support IDT Our tenants. CAG'S prim8ry purpose is lo provide houslng and care lor those peop18 who qualify for housing exempt support. We also provide Loeal Councils with General Needs Housing lo help them lo prevent and reduce the levels ol homele5snes5 in thÈir areas. Our tenants are nomlnaled by the stalulory local authority In the area. W8 op6rale throughout England, The Charity is governed by monthly meetlng5 of Ihe Truslees and managed by a full time Chlel Operating offi￿r. The Charity receives paid lor professional advice from a housing consullancy (Altair Lldl and our 501icitors (Freethsl. We also have a Service Level Agreement with a specialist intensive housin9 manag8m8nt company (Myshon Housing Lldl who manage and maintain our propertigs. Our Trustees have been recruited from professional advisors from our consull8ncy and by word of rnouth in the local government, housing association and financial professions in the north of Engl8nd. COMMUNITY ACCOMMODATION GROUP TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Who ben8fit¥ from our charlly? Our beneficiaries are th8 tenants who live in the properties we own or conlrol. These tenants include persons who are or have been., rotjgh slèepers, addiction sufferers, exoffenders, mentally ill, disabled, vicllms of domestic violence and Ih8ir chlldren and other gmups who find themselves facing homelessness and needing support. Otjr charity thereby benefits the local areas in which our properties aT8 Sltu218d and the relevant local authority. Wo currently h8ve tenants In re￿Ipl ol housing benefit. In addition we aro landlords to a number of properties which are In the prlvate rental sector. Over811, we control through lease 2rr8ngements c750 properties ol which half are Social Houslng lenants, a small number are socizlisl social housing tenants and the remainder are private rented tenants PrincÉpal Fundlng Source The source of our revenue funding is the rent which is paid by or on behalf ol the tenants who live in our properti8S. The properties are leased from inwestment funds who 8re the ultimate owners ol the propBrtie5. We have a service lovel agreement wlth a specialist housing m8nagement company lo whom we pay a fixed IBe per unit for managcmellt and maintenence. We also pay Ihe rsturn on capital to the investors who are the ultimztÈ owners ol our properties. We rec8ive 8 fl81 fee for each property lo cover our cos15 which is paid for from th8 Tent81 inGome. R&s*rva policy Our reserves poll¢y Is lo ensure that we hold at18ast th8 8qUIV8lent ol six months surplus al any one time. Flnanclal Revlew The Trustees will review the financial accounts and circumstances to ensure our golng concern status. This is based upon the policies Contained in the plans for the future periods, nol leA*t thp execution of prompt receipts of housing benefit, In 8ddilion, we will renegotiate the ongoing agreémènt with the rnanagemenl comp8ny lo ensure the VAT benefit is accrued lo our charily and that the con8idÈration be given to direct or TUPE employment of the slsff who service our charity. COMMUNITY ACCOMMODATION GROUP TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Plans for future perlods Our futuie plans are= To continue lo be a iegislered charitabl8 and become a non-for-prolil register, Social housing provider To ensure that our default tenancy provision is soclal housing as lar as is commensuiate with our new developments and planning authority diclales. To procure homes and accommodation for our social housing tenants by commissic>ning develDpment of buildings using modern methods of construction To procuie such d2velopments on plots of land identified by partner local aulhotity strategic housing lanoS availability assessments To renovate heritag8 buildings within the aroas we operat&. To develop a reserve policy 5uGh thal Lash reseNes can be invegled to pmvide investment income lor the b8nefit of the charily. To ensure prompt and agreed income from our Local Authority and other parfneTS. The delay in recèipt af lenanl incom8, especi811y housing benefit receipts is a significant factor lo our charity and has been exasperaled by the delay in the signing off of our annual a0￿UnIS which ilsell has caused delays in our illcome. A key objective is lo r8solve this dilemma by ensuring timely financial reporting including annual accounts. Tenancy pollcy Our admissions policy is developed In partTrership wlh 10&91 authority partners. As a housing first charity our prlme g(>al in tenancy policy is lo provide lor the needs of Ihe Ioc81 area and our tenancy demogyaphics therefore reflect the b81ance of the local housing walting lists and the 5UPPOrtiNg people numbers. Our policy is also governed by a local needs priority, Structure, gov¢rnance and management The charity is a charitable inco¥poraled organisatic>n registered with thé Charity Commission on 4th February 2020. The charity w85 8Stabli5hed under a Constitution which established the objects and powers of the c.harity. All members ol the Board ol Trustees give their lime volLJnlarily and received no b8neflts from Ihe charity. Any expenses reclaimed from the charlly are sel out in the notes to the 3ccotJnls. The Trustees, during th8 course of the year, undertook a skllls survey which id8ntified a need lo recruit al least two new Truslees. A Iraining programme will be established for new trustees. Risk Managément The Trustees have Conducled a review of th8 major risks to which the charily is exposed. A risk register has been established and is updated regularly and considered at each board me81ing, Where appropriate, systems or procedures have been established lo mitigale the risks th8 charity faces. Significant exlerllal risks to funding have led tc> the development of a strat8gic plan which will allow lor the diversificaliDll of lunding and activi1185. Internal conlrol risks 8re minimised by the implementation ol procedures for aulhori88tion of all transactions and projects. Proceclures are ITr pl£ce lo ensure COTllplianGe with heallh and safely of slaff, volunteers, clients and visitors to the centre. Appropriate insurance lor public liability, employee and professional Indemnity has been taken out. COMMUNITY ACCOMMODATION GROUP TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Respon$lblllties of the Management Commltte8 Charity law requires th8 Tiusteès to prepare financial slalemen15 for each linancial year which give a trije and fair view ol the slate ol the affairs of the charity as at the balance sheet dale and of its Incoming resources and application of resources, including income and expenditure, for Ihe financial year, In pr8paring those financial statements, th8 manag6menl commitlee should follow best practlce and.. select suilable ac¢ounllng pollcies and then apply Ih&rn conslst8ntly', make judgements 8nd g5limate5 that are reasonable and prudent,. and prépare the financial slalements on the going concern basis unless il is not èppropriète to assume that the company will continue on that basis. The Trustees are responsible for rn31nlalning proper accounting records which disclose with reasonable accuracy al any Ilme Ihe finaneial position ol the ¢harity and to enable them lo ensure that the flnanclal statements COTnply with applicable accounting standards. The Trustees arè also responsible lor safeguarding tho assets ol the charity and hence for laking ieasonable steps lor the prevention and detection ol fraud and other irregulari118S. In accordance with charity law, as th8 directors, we Trriify Ihal,. so far 2S W8 8re aware, there is no relevant audit information of whlch the charity's auditors are unawarg., and as the directors of the chafily we have taken all th9 steps that we ought to have taken in order lo make ourselves aware of any relevant audit information and lo establish that th6 chèrity's auditors are awar8 of Ihal information. Auditors BK Plus were appointed as the charity's auditors during the year and have expressed thèir willingness to continue in that capacily. Pkijip Woojas Philip Woolas Ichalrl Trustee ri/Dty/1015 Dal8: ............................. .. COMMUNITY ACCOMMODATION GROUP STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 OCTOBER 2023 Th8 trustees are responsible for preparing the Trustees. Report and the financial stalemBnts in accordance with appliGable law and United Kingdom Acco)unling Standards (Uniled Kingdom Gen8¥ally Accepted Accounting Praclicel. The law applicable lo charities In England and Wales requires the trustees to prepare financial statements foT each ftnanci81 y8ar which give a true and fair view ol the slate of affairs c*f the charity and ol the incoming resources and 2pplicalion ol rèsources of the charity for that year. In preparing these financial statemenls, the trustees are required lo,. select suitable 2ccounting policies and then Apply them consislenlly., observ8 th8 m8lh(xls and principles in the Charilles SORP. make judg8ments and eslim31es Ihal are reasonable and prudent., stale whether applicable accounting stsnda¥ds have been followed, subject to any material depgrtures disclosed and explained in the financial slatemenis,. and prepare the financial statements on lh& going concern basis unless il is inappropriale to presume that th8 charity wlll continue in operation. The Irvstees are responsible lor keeping sufficient accounting records that disclose with reasonable èccuracy at any time the financial position of the oharity and eriable them lo ensure that the financial st8temenls oomply with the Ch8ri1ies Act 2071, the Gharily (Accounts and Reports) Regul3tions 2008 and the provisior)s of the tru51 deed. They are also responsible lor safeguarding the assels of the charity and henc6 lor taking reasonable steps for the prevention 8nd detection of fraud and other irregularities. COMMUNITY ACCOMMODATION GROUP INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF COMMUNITY ACCOMMODATION GROUP Opinion We have audiled the financial slalemerils ol Cornmunily Accommodation Group (the 'charity'l for the year ended 31 October 2023 which comprise the slalement of Iinancial aclivilies, the balance sheet, the slatemenl of cash flows and notes lo the financial slalements, including significant accounting policies. The financial reporting framework that has been applied in their preparation 15 applicable law and United Kingdom Accounting Star)d8rds, including Flnanci81 Reporting Standard 102 The FinEncial Reporting Standard applicoble In the UK and Republic of Ireland (United Kirigdom GenerallyAccepled Accounting Pratlicel. In our opinion. the financial statem8nls'. give 3 true and falr vièw of the slate of Ihe charity's affairs as at 31 October 2023 and of Ils Incoming resources and applic8lion of resoufces, for the year then &nded', have been properly preparèd in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accoTdance wilh the requirements of th8 Charities Act 2011. Basis for opinion We conducted our audit in accordanw with International Standards on Audltlng (UKI IISAS IUKII and appliGable law. Our responslblllties under those standards are further described in th8 Audit(>r's rtsponsibilities lor Ihe audit of the financial stst8m8nt& section of our roport. We are Independent of the chaTIty iri accordance wilh Ihe ethical requirements that are relevanl to Dur audit of the flnancial slalements in the UK. including the FRG'5 Ethical Standard. and we have fulfilled our olher ethical rp8ponsibiliti88 in accordance wilh Iheso requirements. We believe Ihal the audit evidence we have obtalned is sufficient and appropriate lo promde a basis for our opinion. Conclusions relating to 90ing coneem In auditing the finsncial slalemenls, we have concluded Ihal the trustees. use of the uolng concern basis of accounting in the prep8r811on of the financia1 slalements Is appropriale. Based ()n the work we hav8 performed. we have not identified any materi21 uncertainties relating to 8vents or condition5 that, Indivldually or collectively. may cast significant doubl on the chaiily'5 ability lo continue as a goiing concern for a peiiod ol at least ttvelve months from when Ihe financial slalcrnents ale author4sed lor issue. Our responsibilitiès and th6 responsibilities of the tiustees wilh rospecl lo going coincem are described in the ielevant sections of this report. Olher Information The other informatlDn comprises the infDTmalSon included in the annual report other than Ihe financial slalemenls and our 8uditols report Ihereon. The trustees are responslble for Ihe other inform8tlon contained within the annual repori. Our opinion on the financial stalemenls does not cover the other Information and we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read Ihe other information and, in doing so, consider whether the other information is materially inCDnsislenl with the financial statements or our knowl8dge obtained in the cours& of the audit, or otherwise appears lo be materially misstated. If we identify such malerial inconsistertcies or apparent material misstalemenls, we ar8 required lo determine whether this gives rise to a rn enable the preparation of financlal $181ements Ihal are free from material misslalemenl, whelher due lo fraud or error. In preparing the financial slalements, the trustees are responsible lor asse55ing the charity's ability lo continue a3 a going concern, disclosing, as applicable, matters rel8ted to golng concern and Ljslng the going concern basis of accounllng unless the trustees eilhe¥ intend lo oease op8railons, or have no r8alistic 8118rnatlvè but to do so. Audltorf5 responsibilities for the audit of tho Ilnanelal statements We have been appointed as auditor under secllon 144 01 the Charities Act 2011 and report In accordance with the Act and relevant regulations made or having effect thereunder. Qur objeclives are lo obtain r&asonable assurance about whether the financial stalemenls as a whole are free from tllalerial misslalemenl, whether due lo fraud or error, and lo issue an auclitor's report that Includes our opinion. Reasonable assurance is a high level of 8ssur8nce bul is not 8 guarantee Ihal an audit Conducted in accordanee with ISAS IUKI will a￿vaYS detect a material misstatement when it exists. Misslalemenls can arise frorn fraud or 8rror and 8re consid8red tnaterial if, individualty or in the aggregate, they could reasonably be expected lo influerice the economic decislons of usars taken on Ihe basis of these financlal st2t8ménts. The &xlenl to which our procedures 8Te c8p8bl8 of detgctlng irregularities, including fiaud, Is detailed below. A further description of our responsibilities is available on the Flnanci81 Reporting CoLtncil's websile al., https-11 www.frc.org.uklaudilorsresponsibililies. This dèscription forms part of our auditor's report. COMMUNITY ACCOMMODATION GROUP INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF COMMUNITY ACCOMMODATION GROUP other mattèrs OLJr approach to identifying and assessing Ihe risks of materi81 misstatement in respect of irregul8rfties, induding fraud and non-complian￿ with laws and regulallons. was as lolbws.. The engagement partner ensured that the engagement team collectively had the approprialE competence, capabilities and skills lo identify or Fecognise non-compliance with applicable laws and regu181ions', We idenlifi8d the laws and regulations applicable to the company through discussions with directors and other management, and from our commerolal knowledge and experience of the industry sector,. We foGu5ed on specific laws and regulations which we consid8ied rn8y have a direct materi31 eff¢¢l on the financial statements or the operations ol thE company. including the Companies Act 2006. taxalion legis131ion 2nd data protection, anli-bribery, employment, environmental and health and safety legislation., We assessed the exlenl of cotnpliance with the laws and regulations identified above Ihfough making enquiries of management and inspecting leg81 correspondence., and Ensured laws and r8gul81ions were communicated within the audil team regularty and the team remained alert to instances of non-oompliance throughout the audit. We assessed the susceptibility of the company's finallGial ststements lo material misstalem8nt, induding obtaining an understanding ol how fraud might occur, by., Making enqulries of managemenl as to where they consid8r8d ther8 was a susceplibilily to fraud, their know18dg8 of actu31, suspected and 8lleged fraud., Considering the internal Controls In place to miligal8 rf5ks ol fraud and non.compli8nGe with laws and reguls1ion5', and Understanding the design ol the company's r8mun8ration policies. To address the risk of fraud Ihrough man8gemenl bias and overrid8 of Controls, we., Performed analytical procedures lo identify any unusu81 or unexpected relationships., Tested journal entries lo identify unLJsual transactions Assessed whether judgements and assumpliolls made in determining the accounting estimates sol out in nole 2 were indicative of potential bias., and Investigat8d the iationale behind significant or unusual Iransaclions. In response lo the risks of Irregularities and non-compliance with laws and regulations, we designed procedures which includ8d. bul were not limited to.. Agreeing fin8n¢i81 slalement disclosur88 lo underlying supporting docurnenlation., Readlng the minutes of m88tlngs of those charged with governance., Enquiring of management as to aclual and potential liligalion and claims; and Reviewing correspondence with HMRC, relevant regulators and thE compRny's legal advisor5. There are inhgr8nt limitations in our audit procedure5 described above. Th8 more removed that laws and regulations are from the financial Iransaclions, the less likely it is that we would b&eome aware ol non-compliance. Audillng standards also limil the audil p¥ocedures requlred lo identify non-compli3nc& with law5 and regulations lo 8nqulry of Ihe directors and other management and the inspection ol regulatory and lega5 correspondence, il any. Material miss181emenls Ihal arise due to fratjd can be harder lo deleGI than those that arise from error as they may invO￿e deliberat8 concealtnent or collusion. COMMUNITY ACCOMMODATION GROUP INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF COMMUNITY ACCOMMODATION GROUP Your allenlion is drawn lo the lacl that the charity has p￿par￿d financial statements in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Slandaid applicable in thg UK and Republic of Ireland IFRS 1021 las amended) in preference lo the Accounting and Reporting by Charities., Slalemenl of Recommended Practice issued on 1 April 2005 which is referred lo in the exlanl regulations bul has now been withdrawn. This has been done in order for the financial slalemenls to provide a true and fair view in a¢cord8nce with curr@nl GenerallyAc¢epl@d Accounting Practice. Use of our report This report is made solely lo the company's members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might slate lo the company's members those mallers wè are required lo stale lo them in an audilorfs report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility lo anyon& olh&r than the company and the company'5 membe15 as a body, for our audrt work, fo¥ this report, or for the opinions we have formed. Vlctorla Atklnson FCA (Senlor Statutory Auditor) for and on behalf of BK Plus Audlt Llmlled Chartered Certllled Accountant ststutory Audltor Éic éids 52 St Johns Lane Halifax Wesl Yorkshire England HX1 28W BK Plus Audit Limited is eligible for appointment as auditor Df the charity by virtue of ils eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. COMMUNITY ACCOMMODATION GROUP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2023 Unr8Strlcted funds 2023 Notes Income from: Charitable activities Provision of home and wellare support 1,165,544 Investments 43 Tolal Ineomè 1,165,587 Expendlture on.. Ch2ritable actlvities Prolqsion of hotne and welfare support 1,182.012 Total expenditurè 1,182,012 Net expendltUY8 and movement in funds 116,4251 Rtcorbciliation of funds= Fund balances at 1 November 2022 Fund balancès at 31 October 2023 116.4251 The statement ol financial activities includes all gains and losses recognised in the year. All income and expenditure derive from conlinulng activiti8s. The notes on pages 13 10 19 form part of these financial $121ements. 10 COMMUNITY ACCOMMODATION GROUP BALANCE SHEET AS AT31 OCTOBER 2023 2023 2022 Notes Current assets Debtors Cash al bank and in hand 11 308,809 226,281 535,090 Credltors: amoLEnts fhlllng due within one year 12 1551,5151 Net current liabllltlès 116,4251 Net assets excludlng pension lÉablllty 116,4251 The funds of thè eharlty Unrestricted funds 116,4251 116,4251 The notes on pages 1310 19 form psrt ol these financial slzlernenls. The financial slalements we¥e approved by the trustees on Philip Woolas Philip Woolas (Chairl Tiustee COMMUNITY ACCOMMODATION GROUP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2023 2023 2022 Notes Cash flows from operatlng activities Cash generated frornllabsort)ed by) operations 16 226,238 Investing activitre5 Investment income recelved 43 Net cash generated frornllused inl Énvestlng activities 43 Net cash used In financing a¢tlvitie5 Net increas¢ In cash and cash 8qulvalenl$ 226.281 Cash and cash equivalents al beginning of year Cash and ca8h equlvalents at end of year 226,281 The notes on pag8s 13 to 19 form part ol these financial st8tetnpnts. 12 COMMUNITY ACCOMMODATION GROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Accounting pollcies Charity Informatlon Community Accommodation Grotjp Is a registered charity, established as a CIO, number 1187753, registered with the Charity Commission on 4 Fobruary 2020. The registe￿d Office is Hornbeam House, Hornbean Park, Hookslong Road, Harrogale, HG2 8QT. 1.1 Ac¢ounllng ¢onvtntlon The financial st8lemenls have been prepared in accordance with the charitys Igoverning dowmenll, the Charities Act 2011, FRS 102 The Financial Roporting Standard applicable in the UK and Republic of Ireland I FRS 102,1 and th8 Charities SORP "Accounting 8nd Reporting by Charities.. Statement ol Recommended Praclice applicable to charities preparing Iheir accounts in accordance with the Financi81 Reporting Stand8rd applicable in the UK and Republic ol Ireland IFRS 1021 leffeolive 1 January 20191. The chaiity is a Public Benefil Enlily as defined by FRS 102. The fir)ancial slalernents have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the exlenl réquired to provide a true and f8ir view. This departure has involved lollowng the Slalemenl of Recommended Praclice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is r81erred lo in the Regulations bul which has since been wlhdr8wn. The financi81 slalements ar8 prepared in steiling, which is the functional currency of the charity. Monetary amounts in these linan¢ial statements are rounded to the llearest £. The flnanci£l slalemen15 have been prepared under thè historical cost convention, Imodified to includÈ the revaluation ol freehold pro￿rtieS and lo include investrnenl properties and cèrtain financial Inslruments 81 lair valuel. The princlpal accounllng policies adopled are sel out below. 1.2 Golng concem As 8131 Oclober 2023, the Charity has an acoumulaled net delioil of £16.425, this has increased further since the year end lo £103,478 as at 28￿125. The tiustees are retying upon the following factors lft their adoption of the going concem basis in preparing the financial statements f(Ir the period ended 31 October 2023.. The revision of the commercial terms wilh their prim8ry outsourcing partner f4Ayshon Limited. effective from 1 March 2025. These revised terms align with the cashftow foreeast and ¢rgale a surplus fDr the charity over the next 12 months. These revised lerms when viewed retrospectively would g8nèrale a surplus for the charlty on historic stock levels under managem8nt. Providing further comfort lo the Truste85 is Ihal the applic811or* of th8 nèw agreewenl based on currént stock lev81s, which have increased. would bé positive. No m8lerfal uncertainties exist given the current operational performance, commer¢ial lerms with pat1ners and he21thy secured stock plpeline. 21 31 1.3 Charltable funds Unreslricletl funds 8re available lor use st the discretion of Ihe trustees in furtheranc8 of their charitable objective5. Restrlcted funds arE subject lo specific conditions by donors or grantors as to how they may be used. The purpose5 and us&s of the reslricled funds are s81 out in the notes lo the fi'n8nci81 statements, Endowment funds are subject 10 specific conditions by donors th81 the capil81 must be maintained by the charity. 13 COMMUNITY ACCOMMODATION GROUP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Accountlng pollcles (Continued) 1.4 Income Income is recognlsed when the charity is legally entitled to il after any performan¢e conditions have been met, the amounls can be measured reliably, and it is probable Ihal incoma will be received. Cash donations ar8 recognised on receipt. Other donations are recognlsed once the charity has b88n notified ol the dc>nalion, un18ss performance conditions require deferral of the smount. Income tax recov8Table in relation lo donations received under Gift Aid or deeds of covenant is recognised al the lime of Ihe donalioTr. Legacies are recognised on recelpt or olh8wise if Ihe charity has be8n notified ol an impendl#g dislribution, the amount is known, and re￿Ipl is exp8Cted. If the amount is no¢ known, the legacy Is treated as 8 ¢onlingenl asset. 1.5 Expendlture Expenditure is r¢cognised onc8 thère is a legal or constructive obligation lo transfer economic benefit lo a third party, il is probable that a transfer of economic benefits will b8 required in s8ttlem6nt, and the amount of the obligation can be measured reliably, Expenditure is classified by 8elivily. The c051s ol each aclivity are made up ol Ihe lo181 ol dlrecl costs and shared costs, including support costs involved in undertaking each activity. Da￿et eosls 311ribulable to a single aclivlty are allocated directly lo that activity. Shared cosls which contribute lo more than one 8elivity and support costs which are nol altribulable to a single aclivily are apportioned between those 3clivilies on a basis consistent with Ihe use of resources. Central stsff costs are allocated on the basis ol lime spfjnl, and depreciation Charges are allocated on the portion ol the ass&l's use. 1.6 Cash and cash oquivalents Cash and cash equivalents include Gash in hand, d8poslls held at call with banks, other short-term liquid investments with or¢ginal malL&rilies ol three months or16ss, and bank oveidrafts. Bank oveidiafls are shown within borrowings in currenl liabilitles. 1.7 Financial Instruments The charity has elected to apply th9 provisions of Section 11 'Ba5ic Financial Inslrumenls, and Section 12 'Other Financial Inslruments Issues, of FRS 102 to all of its financial instruments. Financial inslrumenls are recognised in the charity's balance sheet when the eharily become5 party to th contractual provislons ol the instrument. Financial assets and liabilitles are offsèt, with th8 nel amounts presènlad in the financial slatemenls, when there is a legally enforceable rlght lo set off the recognised amounts and there is an inlenllon to settle on a net basis Gr to realise the assgt and $6ltle the liabilily simultaneously. Basic flnancial asset5 Basic financial ass81s. whlch include debloTS and cash and bank balances, are initially measured at transaction price including transaction costs and ar8 subsequently carried at amort15ed cost using the effective inler8sl method unless the arrangement constitute5 a financing transaction, whora the Iransaction is measured 81 the present value of the future receipts dlseounted at a rnaikel rate of Interest. Financial a858ts classified as receivable withln one year are not amortised, 14 COMMUNITY ACCOMMODATION GROUP NOTES TO THE FINANGIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Accountlng pollclès Icontlnuedl Baslc financial li8bAli(lè$ Basic financial liabilities, including creditors and bank bans are Initially recognised at transaction prlce unless the arrak)gemenl constitutes a financing Iransacllon, where th8 debt instrurmenl Is rneasured at the present value of the future paym8nts discounted 81 a market rate of interest. Financial liabilities dassified as payable within one year are not amDrtised. Debt inslrumenls are subsequently CaTiied at amortised cosl, using th8 effectlv8 Interest rate method. Trade credltors are obligations to pay for goDd8 or seroices that have been acquir8d in the ordinary course of operations from suppliers. Arnounls payab￿ 8r0 ¢lassilied as CUTrerEt liabilities if payment is due within ono year or les5. If not, they are pr85enled as non-currelll liabilities. Trade creditors are recognised initially 81 transaction price and subsequently measured al amortised cost using the effective interest methcKI. Derecognltion of flnanclal liabllltlès Financial liablllties are derecognised when th8 charity's conlr8oluzl obllgalions expirè Jr are discharged ot cancelled. 1.8 Employee benelts The cost of any unused holiday 8nlillemenl is recognised in the period in which Ihe employee's selv1￿S are received. Termination benefits are r8cognised immediat&ly as an expen89 when thp charity is dernonslrably comrnitted to terminate th8 6mploymenl of an employee or to provide termination b8nelils. Critical accounting estimates and jvdgemehts In the 3ppIic81ion of Ihe charity s accounting policies, the trustees are required lo rnako judgements, estimates 8nd assumptions about the carrying amount of assets and liabilities that are nol readily apparent from other sources. The estimates and associated assumplions are based on historical experlence 3nd other factors that are considered lo be re18v8nt. Actual resu115 may differ from these estimates. The estimates and underlying assumptions are reviewed on an onooing basis. Revisions lo accounting estimates are recognised in the poriod in which the estimate is revised wh8re the revision offects only that period, or in the period of the revision 2nd future periods where Ihe revision affècts both current and lulure periods. Incom• from charltèble actlvitles UnreslTJcted funds 2023 Unrestrlcted funds 2022 Provislon of home and wèlfare support Rental Income Care Operator Income Void Insuran¢6 Income 1.067,740 20 97.784 1,165.544 15 COMMUNITY ACCOMMODATION GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Income from inv¢stmenls UttrÈstrlcted Unrestrlctèd funds funds 2023 2022 Interest r8c8ivable 43 Expènditure on charltable acllvltles Provision of home and welfare support 2023 Dlrect costs Rep3i¥s, maintenance and security costs Suppller contract ¢osts 134,124 467,420 114,158 901 122 5.030 143,986 1,032 285,239 Office costs Internel and TV costs Slalulory and accredilalion ¢osts Management fees Travel and rTlOtor costs Overhead costs 1,152.012 Share of support and governance ¢osts Isee notè 61 Support 30,000 1,182,012 Analysls by fund Unrestricted funds 1,182,012 Support costs allocated to activilles 2023 2022 Auditors, Remuneration 30,000 Analysed between: Provision of home and w81fare support 30,000 16- COMMUNITY ACCOMMODATION GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Net movement In funds 2023 2022 The net movement in funds is stated afl¢r ohargingllcreditingl.. Trustees None of the trustees lor any persons connected with them) received any remunerallon or benefits frorn the charity during the year. Employees The average tnonlhly number of employees during the year was-. 2023 Number 2022 Number Total There were no 8mployees who58 3nnual remuneration was more than £60,000. Rèmuneration of key man8gam&nt personnel The remuneration of key management personnel was as follows.. 10 Taxatlon The charily is exempt f¥om laxalion on ils activities because all ils incom8 is applied for charitable purposes. 11 Debtors 2023 2022 Amounts falling due wilhin ¢né year: Trade debtors Olh8r debtors Prepayments and accrued income 303,279 600 4.93Q 308,809 12 Créditors: amounts falling due wlthln onp year 2023 2022 Notes Dgler￿d income Trade creditors Other creditors Accruals and def8fTed income 13 60,612 70,847 9,041 411,015 551,515 17- COMMUNITY ACCOMMODATION GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 13 Deferred Income 2023 2022 Olhar deferred income 60,612 Deferred incom6 Is included in the financial stat8m8nls 8s follows.. 2023 2022 Deferr￿ Inco￿ is included within= 60,612 Movements in th6 year Deferred income al 1 November 2022 Resources deferred in the yegr 60,612 Deferred income at 31 October 2023 60,612 14 Unrestricted funds The unrestrlcted lunds of the charity comprise the unexpended balances of donations and grants whlch are not subject lo specific conditions by donors 8nd grantors as lo how they may be tjsed. These include designal8d funds which have been sel aslde out of unreslricted funds by the trustees lor specific purposes. Incoming resourees Resource$ At 31 October expended 2023 November 2022 General funds 1,165,587 (1,182,012} 116,4251 15 Related party transactlons Durino the year ended 31 October 2023 an amount of £2000 was paid lo Philip Woo18s, Trustee, lor consu51ancy services provlded to the eharily. 18- COMMUNITY ACCOMMODATION GROUP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 16 Cash gènèrated from operations 2023 2022 Deficit for Ihe year 116,4251 Adjustments for.. Investment income recognised in statement of fin3nc181 aclivlties (431 Mo¥vemenls in worktDg capllal.. Ilncreasel In debtors Increase in creditors Increase In deferred income 1308,8U91 490,903 60,612 Cash genera¢ed fromllabsc•rbed byl op8ratlons 226,238 19-