Charity registralion number f187753 (England and Wales) COMMUNITY ACCOMMODATION GROUP ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
COMMUNITY ACCOMMODATION GROUP LEGAL AND ADMINISTRATIVE INFORMATION Trust4es Philip Woolas (Chairl lan Brown Sajjid Hussain Andrew Kilbum Robert Booih Management company Myshon Ltd Charlly number (Ehgland and Wales) 1187753 Auditor BK Plus Audit Limited 52 Sl Johns Lane Halifax Wesl Yorkshire England HX1 2BW
COMMUNITY ACCOMMODATION GROUP CONTENTS Page Trustees. roport Slalemenl ol trustees. resportsibililies Ind8P8nd8nt audilorfs r8POrt Statement of financial acllvilies Balance sh88t Statement of cash flows 12 Notes lo the financial statements 13-19
COMMUNITY ACCOMMODATION GROUP TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2024 Reference and Admlttlstrative Information Charity Name: Community Accommod8lltsn Group Charlty registration number.. 1187753 Reglstèrèd Offlce and op8rational address: Plateworks House Riva Park Coal Road Leeds LS14 1P8 Trust88S Philip Woolas- Chair Ian David Brown Iruslèe Robert Booth- ttuslee Sajjid Hussain- Iruslee Andrew Kilburn- Irustee Senior Management Tearn Maxine Moar- Chief Executive Objectlves and actlvhties CAG is a Housing First Charity. This means that our goal is lo provide permanent housing and support lor our tenants. CAG'S prirnary purpose is to provide housing 8nd eare for those people who qualify for housing exempt support. We also piovide Local Councils with Gèneral Noads Housing to help them lo pievent and reduce the levels of hc>melessness in their areas. Our tenants are nominated by the statutory local aulhorily in the area. We oper318 Ihroughoul England. The Charity is governed by four meetings a year of Ihe Trustees and managed by 8 full lime Chlel Operaling Offir. The Charily receivcs paid for professional advice from a housing consultancy IA112ir Ltd) and our solicitors IFieethsl. We also have a Service Level Agreement with a specialist intensive housing management company Imyshon Huusing Ltd) who manage and malnlain our properties. Our Truslee5 have been recruited from professlonal advisors from our consultancy and by word ol mouth in th local government, housing associatlon and financial prolessions in the north of England.
COMMUNITY ACCOMMODATION GROUP TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Who benefils from our charity? Our beneficiaries 8rB the tenants who Ilve In the prc>p8rtlÈs we own or control. Those tengnls include persons who are or have been.. rough sleepers, aodiGlion sufferers, ex-offenders, ment815y ill, disabled, viclims of domestlc violence and their children and olher groups who find themselves facing homelessness and needing support. Our charily thereby benefits the local areas in whlch our properties are slltsaled and the relevant local atjthority. W8 currently have tenants in receipt of housing benefit. In addition we ale landlords lo a number ol properties which ara in the private rental sector. Overall, we control through lease arrangements c750 properties Lif which half are Sodal Housing len8nls, a small number are socialist soci81 housing lenanls and the remainder a¥e private rented lenanls Prlnclpal Fundlng Source The source ol our revenue funding is the rent which is paid by or on behalf of the tenants who live in our properties, Th8 propertles are le8s8d from investment funds whc* are Ihe ultimate owneTS ol the properties, We have 8 88Nice level agreement with a specialist housing managèment company to whom we pay a fixed feB per unit ftrr management and maintenance. We also pay the return on capital to the investors who are the ultimate owners of our properties. We re1ve 8 flat fee lor each property to cover our costs whh is pald for from the r8nta1 income. Reserve policy Our reserves policy is lo ensure that we hold at least the equlva18nt of six months surplus al any one Ilme. Flnanelal Rev5ew The Trustees have reviewed the financial accovnts and ¢lrcuMslanS to er4sure our going concern status. This is based upon thè policies contained in Ihe pl8ns for the future perlods, not least the execution of prompt receipts of housing beneflt. In addition, we have renegolialed the ongoing agreement with the management company Myshon Ltd who have now reduced their feèg going forwards. The trustees have concluded that no rnaterial un¢eriainties exist and mDre detail is included in note 1.2 of the accounts. The charity made a delicil foi the year ended 31 October 2024 of £139.211 (2023 £16,425). The accumulated deficit as 8131 October 2024 was £155,636.
COMMUNITY ACCOMMODATION GROUP TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Plan5 for future periods Our future plans are.. To continue lo be a registered charitable and become a non-for-prolil register, social housing provider To ensure that our default tenancy provision is social housing as far as is commensurate with our new developments and planning authority diclates. To procure horne5 and accornmodatlon for our social housing tenants by commissioniry development of t>uildlngs using modern methods of conslrucliLJn To procure such developments on plots DI land iolenlified by patlner Ioc318ulhority stralegio housing land avallability assessments To renovate heritage buildings wilhin the ar8as we operate. To develop & reseNe policy such that cash reserves can be invested to provide investrnenl income lor the b£nefil of the Gharily. To ensure prompt and agreed income from our Local Authority and otheT partners. This has notably improved since the last 8udit. Tenancy pollcy Our admission5 poliry is daveloped in partnership with our local authority partn8rs. As a hc>using flist charity our prime goal in tenancy policy 15 lo provide for the needs ol th8 local area and our tenancy demographics th8refore reflect the balancé of the Ioc81 housing waiting lists and the supportlng pèople numbers. Our policy is also governBd by a local needs priority. structure, governance and managèmant The charity Ss a charitable incorporated organisation règlstered with the Charity Commisslon on 4th February 2020. The charity was esl8blished under a Constitution whlch established ihe objects and powers ol the charity. All memb@rs of the Board Of Tru8tges givè Iheir lime voluntarily and recaived no benefits from the charily. Any expenses 16clalmed from lh8 charity are sel 01 in the notes lo the accounts. The Trustees have identified their skllls gaps and the skills needed lo continue developing a robust board. The board will Iher9for8 hope to recruit two tnore members in the next 18 months. A training prramme will be eslablished for new trustees, R15k Managemenf The Trustees have conducted 3 review of the major risks to which the charity is exposed. A risk register has bBen established ènd is updated regularly and considered al each board meeting. Where appropnate, Systems or procedures have been eslabl%sh¢d to mitigate the risks the charity laGes. Significant external risks to funding have led to the development 013 strategic plan which will allow lor the divgrsificalion of funding and a¢tivilies. Internal control iisk5 are minimi5ed by the imp58menlalion ol procedures for aulhorisation ol all transactions and projects. Procedur8s are in place lo ensure cornpli8nce with health and safety of staff, volunleers, clients and visitors lo the cenlre. Appropriate Insurance lor public liability, employee and professional indemnily has been taken out.
COMMUNITY ACCOMMODATION GROUP TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 R¢sponslbilitie$ of the Management Commlttee Charity IBW qUireS the Trustees to prepar8 financial statements for each financial year which give g Iiue alld lair view of the stale of the affairs of the charity 25 al the balance sheet dale and of Ils in¢oming resourGgS and applicalion of resources. including income and expelldlture, for the financial year. In preparing IhDse financlal 5taleThents, the management committe8 should follow best practice and., $61ect suitable 3ccotEnting policies and then apply Ihem consistently., makè judgements and 8stim3les that are reasonable and prudent.. and prepare the financial slat8menls on the going concern basis unless il is not appropriate to assuffle Ih8t the company will continue on thal basis. Tho Trustees are responsible lor maintaining proper accounting records which disclose with reasonab18 accuracy at any time the financia5 posilinn of the charity and lo enable them lo ensure thal the financial sialements comply with applic8ble aceounling standards, The Trustees ais a150 responsible lor safeguarding the assets of the oharfly and hgnc8 for taking reason8ble steps lor the prevention and dele¢llon ol fraud and other irregularities. In accordance wllh charity law, as the directors, we certify that.. so far as wo are awar?, there is no relevant audit information ol which the charity's auditors are unaware,. and as the direclors of the charity w6 have taken a11 the steps that we oughl to have taken in order to make ourselves aware of any relevant audit infomalion and to establish that the charity's auditors are aware ol that infortnation. Auditors BK Plus were appointed as the charily's auditors during the year and have expressed their willingness to corEtinue in that capacity. Anth(1&U Andr6w Kilburn Trustee 1011012025 Date..
COMMUNITY ACCOMMODATION GROUP STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 OCTOBER 2024 The Iruslees are responsib18 lor preparing the TIu5tees' Report and the linanGial statements in 8ccoidance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practicel. The law applicable to charilies In England and Wales requires the trustees lo prepare financial slatetnents for each financial year which give a true and lair view of the State ol affairs of the eharily and ol the Incoming r850urces and application of resources of the charily for that year. In prepgring these financial statetnenls, the IrLEStees are required to.. selecl suitsble accounting policies and then apply Ihem consistently., observe the mothods and principles in the Charities SORP., make judgements 3nd estimates that are reasonab18 and prudent., stale whether applicab18 attounting standards have bean followed. subject lo any mateTial departures disclosed and exp18ined in the financial s18temenls', and prepare the financial slatemenls on the going concern basis unles5 il is inappTopri8t8 to presume Ihal the charity wlll conlinue in operatlon. The trustees are responsible ftsr keeping sufflclenl accounting records that disclose with reasonable accuracy al any lime the fin3ncial position ol the charity and snable them lo ensure that the financlal statements comply with the Charities Ar.12011, Ihe Charity IAccounts and Reports) Regulatlons 20U8 and the provislons of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking ¥easonable steps for the prevention and detection of fraud and other irregularili88.
COMMUNITY ACCOMMODATION GROUP INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF COMMUNITY ACCOMMODATION GROUP Opinlon We have audited the financial slalemenls of Community AcGornmodation Group Ithe 'charily'l for the year ended 31 October 2024 which comprise the slatement of financial aclivilies, the balance sheet, the slalement ol cash flows and notes to the financial statements, includlng significant 3ccounling policies. The financlal reporting framework thal has b8én applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reportino Standard 102 The FinanGial Reporting St8nclard applicable in the UK and Republic of Irel8ncl Iunlted Kingdom Generally A¢pI&d Accounting Practice). In our opinion, the financial statements.. give a Irue and fair view of the state of Ihe charity's affairs as al 31 October 2024 and ol its Incomin r8sources and applicalion of resources, for the year then ended., have been prop8rly prepared in accordance wlh United Kingdotn Generally Accepted Accounting Practice,. and hav8 been prepared in accordance with the Charities Act 2011. Basls for opinion We conducted our audit in accordan with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors responsibili118s for the audit of Ihe financial .8tatemenls section of our report. We are Sndependent of the ch8rily in accordance with the elhi¢81 requirements Ihal are relevanl ID our aijdit of the financial stalèm6nls in tho UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibllities in accordance with these requirements. We believe that the audll evidence we have obtained is sufflcient and appropriale to provlde a basis for otsr opinion. Concluslons relating to going con¢?rn In auditing the Iinancial slalements, we have concluded that the trustees. use ol Ihe going e(Jneem basis ol accountlng in the preparation of the financial statements is appropriate. Based on the work we have performecl, we have noi Identified any mzteilal uncertaintles relating 10 8vents or conditions that, individu21Iy or collectlV8ly. may c3s1 significant doubt on the charity's abillly lo conlinue as a going concern lor a period ol at least twelve months from when the lin8ncial slalem8nts afe aulhorised for issue. Our Tesponsibililies and the responsibilities ol the trustees with T85pect to going concern are described in the relevant sections of this report. other InformatÈon The other information comprises Ihe inlomialion included in the annual report other than the financlal statements and our audilorfs report Ihereon, The trustees are responsible foi the other inforrnalion conlained wllhin the annual report. Our Lipinion on the fin8nGiaS slalemenls does not cover the other inlormalion and we do not express any form of assuranTr conclusion Ihereon. Our responsibility is lo the other inform81ion and, in doing so. consider whether th8 Other information is materially inmnsislent wilh the financial slatemenls or our knowledge obtained in the course of the audit, or othemise appoars lo be mat¢rially misstated. If we idenlily such material inconsistencle5 or apparent material misstat8m8nls, we are required lo determine whether this give5 rise to a material misslal8m8nl in the financial slaternenls themselves. 11, based on the work we have perfoTmed, we concludB that there is m8lerial misstatement ol this other infofmalion, we are required to r¢port that fact. We have nolhing lo report in this regard. Mattèrs on which we are required to report by exceptlon We have nothing lo report in respect of the follomng matters in relation to which the Ch8rilies {AccountS and Reports) Regulations 2008 requires us lo report lo you if, in our opinion.. the information given in the financi31 statements is Inconsislenl in sny material respect with the trustees, report; or sufficient accounting records hav8 not been kept., or the financial slalements are not In agreemenl wllh the accounting records.. or we have not received all the infoitnalion and explanations we r8qtJire lor our audit.
COMMUNifiACCOMMODATION GROUP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF COMMUNITY ACCOMMODATION GROUP Responsibilitles ol trustees As explained more fully in Ihe slalemenl of trustees, respon5ibililies, the trustees are responsible for the preparation of the financisl slalemenls and for being salisfied Ihal they gwe a true and fair view, and lor such internal control as the Iruslees delormine is necessary to enable the preparation of financlal slatemenls thal are free from malertal rnisstatemenl, whether due to Iraud or error. In pr6paTing the financial slelomenls, Ihe Irust8es are responsible for assessing the charity's ability to continue as a going concern, disclosing. as appllcab1e, matters related to going concorn and uslng Ihe going concern basis of accounlsng unless the trustees either ntend lo cease operalions, or have no realistic alternative but to do so. Audltols responsrbilitie5 for the audit of the flnancial statements We have been appoinled as auditoi under section 144 of the Charities AGI 2011 and r8POrt In accordanc8 with the Act and relevant regulatlons made or h8ving effecl ther8under. Our objectives are lo obtÉin reasonable assurance about whether the fin8ncial slalements as a whole are free from materi81 misslalement, whether due lo fraud or error, and to issue ar) auditor'5 report that illclLJdes our opinion. Reasonable assurance is 8 high leve5 of assur2nee bul Is not a gvaranlee that an audit conducted in accordance with ISAS IUKI will a5ways dotect a material misstatemenl when It exists. Misstatomenls can arise from fraud or error and are considered mat8¥is1 if, individually or in the aggregate, they eould reasonably be expected to influen the economic deGisions ol usars taken on the basis of these financial sl8ldments. The 8xtent to whlch our procedures are capable of delecling irregularities, including fraud, is detalled below. A further descriplion ol our responsibilities is available on the FinanGlal Reporting Council's website al.. hltps'.11 www.frc.org.uklaudilorsTesponsibilities. This description forms part of our SUdl0[.S report.
COMMUNITY ACCOMMODATION GROUP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF COMMUNITY ACCOMMODATION GROUP Other matters Our approach to identifying 2nd assessing the risks of materi31 misslalemenl in respect of irr8gul8rilies, including fraud and non-compllance with laws ancl regulations, was as follows: The engagemenl partner ensured that the engagement leam collectively had th8 appropriate competence, capabilities and skilL8 to identify or rocognise non-compliance with applicable laws and regulations,, We identified the laws and regulations applicable to th& company through discussions wilh directors and other management. and from our commercial knowledge 2nd experi8ntt8 of the industry sector,. We focused on speafic laws and regulations which we considered may have 8 direct materi81 effect on the financial stslements Dr the oper31ion8 of Ihg company, ineludino the Companios Acl 2006, laxallon legislation and data prot8Ctlon, anti-bribery. employment. environmental and hg&illh dnd safety legis181ion', We 88sessed the extent of compliahce with the laws and regulations identified above through making enquiries ol man8gement and irispecling legal correspondgnce,. and Ensuied laws and regulations wore mMunItated within the audit 18arn regu13dy and the team remained lert to Instances ol non.compllance Ihroughoul the audit. We assessed the susceplibllily of the company's finanaal statements lo m81erial misstatement, including obl&ining an understanding of how fraud might gccur, by.. Making anquiries ol management as to wh8W thèy considered there was a susceplibilily to fraud, their knowledge of actual, Suspected and alleged fraud., Considering the intemal controls in place to miligale risks ol fraud and non-compliance with laws and regulalions". and LlndErstanding the design ol the company's remuneralion pollcies. To addr8SS the risk of fraud through rnanagemenl bias and override of controls, we., Performed analytical pro¢edures lo identify any unusual Dr un8XP8Cted relationships., Testèd lournal entries to identify unusual transactions Assessed whether judgements and assumptions made In deltsrmlning the accounting eslimal&s s8t aut In nole 2 were indicative of po18ntial bi2s', and Investigated the rationale behind significant or unusual transactlons. In response lo the risks of irrpgu1arilies and non-eompliance with laws and regulations, we designed procedures which included, but were not limited lo., Agreeing financial slalement disclosures lo underl>ing SLJPPOrting documentation., Reading the minutes of meetings of Ihose charged with governance., Enquiring ol rnanagemenl as 10 actual and potential litlgatlon and elairns,, and Reviewlng Correspondence with HMRC, relevanl règulators and the Gompanls legal advisors. There are inher8nl limitatlons In our audil prOdureS d6scrlbed abtsve. The more r8mov8d that laws and rÉgulalic>ns are from the fin8nclal Iransaelions, the less likely il is that we would become aware of non-compliance, Auditing standards also limit the audit proeedures required lo identify non-compliance with laws and regulations to enquTrry of the direclors and other management and the inspection of regulatory and legal correspondence, il any. Malerial misstatements Ihal arise due lo fraud can b8 hard8r to detect than those that arise from error as they may involve deliberate cOn85ent or collusion.
COMMUNITY ACCOMMODATION GROUP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF COMMUNITY ACCOMMODATION GROUP Yo(Jr atl8ntion ts drawn to the 18el Ihal the charity has prepared financial sl8ternents in accordance wilh "Accounting and Reporting by Ch8rili8s.' Slal6ment of Recommended Practice applicable lo charities preparing their accounts in accordance W(h the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 18S amendedl in prplerence lo the Accounting and Reporting by Charities-. Statement Of Recommended Praclice issued on 1 April 2005 which is referred to in the exlant regulations but has now been withdrawn. This has been done in ord8r for the financial stalemenls lo provido a true and fair vièw in accordance with current GenerallyAccepled Accounting Practice. Use of our report This report is made solely lo the charity's Irusteos, 8s 8 body, in accordance wlth Part 4 01 the Charities IAccounls nd Reportsl FleglatIonS 2008. Our audit work has been undertaken so that W8 mlght slate to the charity's trustees those matlers we are required to State to them in an dudilor's report and for no other purpose. To the fullest 8xlent permilled by law, we do not acc@pt or assume responsibility to anyone other than the charity and the charity's truslees as a body, lor our audit work, for this report, or lor th8 opinions we have formed. Vlctorla Atklnson FCA ISen50r Statutory Audltorl For and on behalf ol BK Plus Audit Limited, Slslutory Auditor Ch2rtered Certifled Accountant 52 $1 Johns Lane Halifax Wesl Yorkshire HX12BW England IL P Ivs hiclil LIiTiihLC.I 201& BK PlS Audll Limited is eligible for appointment as auditQl DI the charity by virtue ol ils eligibility lor appointment as auditor of a company under seclion 1212 01 th8 Comp8ni8s Act 2006.
COMMUNITY ACCOMMODATION GROUP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2024 Unrestricted fund$ 2024 Unrestrlcted fund5 2023 Notés Income from.. Charitable aGIiv Provision of home at)d welfare support 4.g96,853 1,165.544 Investments 2,627 43 Total income 4,g99,480 1,165,587 Expenditure on.. Charitable activities Provision of home and welfare support 5,138,691 1.182,012 Total exp8nditure 5.138,691 1,182,012 Net expendllure and movemeht In funds 1139,2111 116,4251 Reconclliation of funds: Fund balances at 1 November 2023 116.4251 Fund balances at 31 Octobèr 2D24 (IS5,6361 116.4251 The stalemenl of finanal actlvits8s includ8s all gains and losses recognised in the year. All income and expenditure doiive from continuing activities. The notes on pages 13 to 19 form part ol Ihese financial statements. 10
COMMUNITY ACCOMMODATION GROUP BALANCE SHEET ASAT31 OCTOBER 2024 2024 2023 Notès Current assets Debtors C88h al bank and in hand 10 914,122 85,100 308,809 226,281 999,222 535,090 Creditors: amounts falling due wlthin one year 11 11,154,858) 1551,5151 Met current Ilabilities {155,6361 116,4251 Thè funds of the charlty Unrestricted funds 14 (155,6361 116.4251 (155,6361 116,4251 The notes on pages 13 to 19 form part of these financial 81alemenls. 1011012025 The financial st818rnenls were approved by the lru8le8s on Andrew Kilburn Trustee
COMMUNITY ACCOMMODATION GROUP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2024 2024 2023 Notes C8sh flow8 from operatlng activities Cash (absorbed byllgenerated from c>per81ions 16 1143.8081 226,238 Investing activitles Investment income reoeiv$d 2,627 43 Nèt eash ganèratod from investing a¢llvltles 2,627 43 Net cash generated from flnan¢lng activltles Net Idecreasellincre#s8 In cash and cash equivalents 1141.1811 226,281 C8sh and cash equivalents al beginning of year 228,281 Cash and cash equival8nt8 at end of yaar 85,100 226,281 Th8 notes on pèges 13 to 19 form part ol these financial 51atemenls. 12
COMMUNITY ACCOMMODATION GROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Accounting policies Charlly Iblfomiatlon Cornmunity Accommodation Group is a registered charity, established as 8 CIO, number 1187753. registered th the Charity Commission on 4 February 2020. The registered office is Plaleworks House. Rlva Park. Coal Road, Leeds, LS14 1 PS. 1.1 Accouhtlng eonventlon The financial statements have been prepared in accordance with Ihe charily's governlng document, the Charitles Act 2011, FRS 102 The Financial Reporting Sland8rd applicable in the UK and Republic ol Ireland. and Ihe Charitl8s SORP "Accounting and Reporting by Charili8s.' 818lemenl of Recommended PTaclice applicable to charilies prgp8rillg their accounts in accordance with the FiF)ancial Reporting Stsridard applicable in the UK and Republic of Ireland IFRS 1021 The charity is a Public Benefit Enlily as defined by FRS 102. The financial s181emenls have departed from the Charities IAccounls and Reports) Regulations 2008 only lo the exlenl required lo provide a true and fair view. This departure has involved following the Slalernent ol Recommended Praclice for charities applying FRS 102 rather than the version of the Statement ol Recommended Practice which is ¥eferred to in the Regulations bul which has since been withdrawn. The financial sl8lements are prepared in sterling, which is the functional currency of the ch8rily. Monetary amounts in these financial statements are rounded lo the nearest £. The financial statements have been prepared under the historical cosl convenlion. Imodifled lo include the revaluation of freehold propertles and to Include investmenl properties and certain fi'nancial instruments at falr valuel. The principal accounting policies adopted are Set out below. 1.2 Golng concern As 8131 Oelober 2024. the Charity has an accumulated nel deficit of £155,636. The Iruslees are relying upon the following factors in Iheir adoption ol the going conr basis in preparing the finandal slalements lor the period ended 31 October 2024". The revision ol the commercial terms with their primary outsourcing partnor Myshon Llmlled, effective from 1 March 2025. Th8S8 r8vis&d torms align with the cashflow forecast and create a surplus for the Gharily over the next 12 months. Th6S6 revised terms when viewed relrospedively would generate a surplus lor the charity on historic stock levels under management. Provicling further comfr>rt to the Trustees is that the £pplicalion of the new agreem8nl based on curienl slod( levels, which have increased, would be posillve. No material uncertainli8s exlst glvèn the current operational performance, commercial terms wilh partners and healthy secured stock pipeline. 1.3 Charitable funds Unreslricled funds are available for use al the discretion ol the Iruslees in furtherance of their ch8ri12bl8 oty'eclives. Resiricted funds are subject lo specific conditions by donor5 or grantors as to how they may be used. Th8 purposes and uses ol the restricted fund5 ale set out in the notes to the linanaal statements. Endowment funds are subject lo specific condiiions by donoTS that the capital must bè maintained by the charity. 13
COMMUNITY ACCOMMODATION GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 3q OCTOBER 2024 Accounting polacies Icontinuedl 1.4 Income Income is recognised when the ohsrity is legally entitled lo il after any performance ctsndilions have been mel, the amc)unls can be measured reliably, and it is probabla that income will be received. Cash donations are recognised on receipt. Other donatlons are recognlsed once the eharity has been notified (>f the donation, unlèss performance conditions require d8ferral of the amount. Income lax recoverable in relation to donations recelved under Gift Aid or deeds of ¢oven2nt is recognis8d 8t the lime of the donation. Legacies are recognised on receipl or otherwise il the charity has be8n notified o¥ an impending dlstribution. the amount is known, and receipt Is expected. If the amount is not known, Ihe legacy is treated as 8 contingent asset. 1.5 Expenditure Expenditure is recognised once there is a legzl or conslruclive oblKJation lo transler economic benefit to a third party, il is probable that a transfer o>f economie b6nefits wlll b6 requlred in settlement, and the amount of tha obligation Can be measured reliabty. Expendilure is classified by activity. The cosls of each activity ar8 m2d8 up of the total of direct costs and shared costs, including support cost5 Involved in undertaking each aclivily. Direct costs attributable lo 8 single aclivily a¥e allocated dirèctly lo Ih2t sclivlly. Shared costs which contribute to more than one activity and support costs which are not attributable to 8 slngle activity are apportioned between those activities on a basis consislenl wilh the use ol resources. Central staff Costs are alEocaled on the basis of Ilme spent, and d8pr8ciation charges are allocated on the portion of the asset's use. 1.6 Cash and cash equivalents Gash and cash equivalenls include cash in hand, deposi18 held at call with banks, other short-tem liquid invoslmenls with original maluiities ol Ihrge months or less, and bank overdrafts. 8ank ov8rdr8fls are shown within borrowings in GUnt Iiablllues. 1.7 Financlal instrLtments The charity has elected lo apply the piovi5ions ol Section 11 'Basic Financial Inslruments, and Seclion 12 'Olh6r Financial Instruments Issues, of FRS 102 10 all of ils financial inslrument5. Financial instruments are recognised in the charitys balance sheet when the charity becomes party to the contraclual provisions of the Snstrument. FSnancial assets and liabililigs are offset, with the n8t amotsnls pras6nl&d in the financial slalements. vthen Ih8re is a leg811y enloreeable right to sel off the recLunised amounfs and ther& is an intention Io setlle on a net basis or to realSse th6 assel and settle the liability simultaneously. Baslc flnanclal assets Basic financial assets, which Indud8 debtors and cash and bank balances, are initially measured al transaction price including Iransaction costs and 3re subsequently carried at amortised cost using the effective interest method unless the arrangement conslilut8s a financlng Iransaellon, whère the transaction is measured al the present value ol the future receipts discounted al 8 market rale ol Interest. Flnancial assets classified as re¢eivab16 within one year are nol amortised. 14
COMMUNITY ACCOMMODATION GROUP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Accountlng pollclès Icontlnuèdl Basic financial liabilities Basic finanGial liabilities, including creditors and bank loans are initially recognised al Iransaction price unless the arrangement conslitules 8 fi'nancing Iransaclion, where the debt Instrument is measured at the present value ol the lulure payments discounted al a market r218 of int8r&st. Financlal liabilitles classlfied as payable wilhin one year are nDI amort1sed. D8bt Instruments ar8 subsequently cèrried at amortised cost, vsing the effective interest rale method. Trade creditors are obligalions lo pay *or goods or services that have been acqulred in the ordinary course ol operations from suppliers. Amounts payable are classified as current 118bilities If payment is due within one year or less. 11 not, they are presented as non-currenl liabilities. Trade creditors ar8 recognised init1811y at transact price and subsequently measured at aortiSed cost using the effective interest method. Derécognltlon of flnanclal Ilabllltles Financial liabilities are derecognised when the charity's conlr8clual obligations expire or are dlscharged or cancelled. 1.8 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the &mployee's services ale received. Termination benefits are recoJnised immediately as 8n expense when the charity is dernollslrab CDmmitled to lermin31e the employmenl of an employee or to provido termination benefits. 1.9 Retirement benellt5 Payments to defined conlribullon retirement benefit schemes are charged as an expenso as they fall due. Critical accounting estimates and juclgements In the application of thè ¢harily's aceounllng policies, the Iruslees are required lo make judgements, 8slimat8S snd assumptions about the carrying amount of assets and liabilities Ihal are not readily apparent from other sources. The estimates and associated assumptions are based on hlslorical experience and other laetors that are consIded lo be relevant. Actual results may differ from those estimat8S. The eslimales and untserlying assumplions are reviewed on an ongoing basis. Revisions lo accounting 8stimales are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of Ihe revision and future p6riods where the revision affects both current and lulure periods. Income from charltable actlvilles Unrestrlcted fund5 2024 Unrestrlcled funds 2023 ProvSslon of home and welfare support Rental Income C8re Oper81or Incorne Void Insurance Income 4,989,316 2,948 4,589 1.067,740 20 97,784 4,996.853 1,165.544 15
COMMUNITY ACCOMMODATION GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Income from Investments Unyèslrlcted Unrestrlcled funds funds 2024 2023 Interest receivable 2.627 43 Expenditure on charltèble activities Provision of Provlsion of hom8 and home and W8lfar8 wèlfarè support SUPPQrt 2024 2023 Dlrect costs Staff costs Répairs, mainl8nanco and security costs Suppller conlracl costs 29,212 702,546 1.006,988 641,814 8,123 134,124 467,420 114,158 901 122 5,030 143,986 1,032 285,239 Office costs InternÈt and TV costs Slalulory and accrBditalion costs Management lees Travel and motor costs Overhead costs 26,367 757,314 901 1,950,426 5.123,691 1.152,012 Share of support and governance co8ts1see note 61 Support 15,000 30,000 5,138,691 1,182,012 Analys15 by fund Unreslricled fuFids 5,138,691 1.182,012 Support costs allocated to actlvllles 2024 2023 Audilor5' Remuneration 15,000 30,000 Analysed belwe&n'. Provision of home and welfare support 15,000 30,000 16
COMMUNITY ACCOMMODATION GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Truste85 None of the trustees lor any persons connected with theml r6eeived any remuneration or benefits from the eharily during the year. Employees The average monthly number of ernploye8s during the year wa5.. 2024 Numbèr 2023 Number Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 27,5QO 337 1,375 29,212 There wer8 no employéès whose annual remunerat was more than £60,000, Remuneration of key management personnel Th¢ remuneration of key m2nag8menl personnel was as follows.. 2024 2023 Aggiegale compensation 29,212 Taxation The ¢harity is exempl from taxation on its activities because all its income is applied for ch2ri18b18 purposes. 10 Debtors 2024 2023 Amounts falllng due wlthin one year.. Trade debtors Other debtors Prepayments and accrued income 912,345 303,279 600 4,g30 1,777 914,122 308,809 17
COMMUNITY ACCOMMODATION GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 11 Creditors.. amounts falling due within one year 2024 2D23 Note5 Other laxation and social security Deferred income Trade creditors Olher credllors Accruals 1,099 32,205 92,546 75.735 953,273 12 60,612 70,847 9,047 411,015 1,154,858 551,515 12 Deferr•d Sneomè 2024 2023 Other deferied 4ncome 32,205 60,612 Deferred income is included in the Ilnancial slatemet)Is as follows.. 2024 2023 Deferred income is included wilhin.. 32,205 60.612 Movements in the year.. DelETred income al 1 November 2023 ResouTces deferred in the year 60,612 128,4071 60,612 Deferred income 8131 October 2024 32,205 60,612 13 Retiremenl L7ene*it schernes 2024 2023 Defined conlributiDn schemes Chargg lo profil or loss in respect of defined contribution schemes 1,375 The Charity operales a defined contribLEtion penslon Scheme for 811 qualifying ernployees. The assels ol the scheme are held separately from thos8 of the charlty In an Independently administered fund. 18-
COMMUNITY ACCOMMODATION GROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCT08ER 2024 14 Unrestrict¢d lunds The LSnreslricled funds of the charity comprise the unexpended balanoes ol donations and grants which aTe not subject lo specsfic condilions by donors and grantors as lo how they may be us8d. These include designated funds whlch have been set aside out ol unreslricled funds by the trustees for specific purposes. A11 November 2023 Incoming resoLErces Rèsources At 31 October exp¢nded 2024 General funds 116,4251 4.999,480 15,138,691) 1155,6361 Previous year: At1 November 2022 Incoming resources Resource5 At 31 October expBnded 2023 Gener81 funds 1.165,587 11.182,0121 116,4251 15 Related party transaction5 Durfng the year ended 31 October 2024 an amount of £11.eoo12023 £20001 was paid lo Philip Woolas, a trustee, lor Gonsullancy servi$ provided to rh8 charity. 16 Cash (absorbed byllgenerated from operations 2024 2023 Deficit lor the year {139,2111 118,4251 Adjustments for.. Inveslment income iecognised in sl8tement of flnkncial activities 12,6271 1431 ovements In working capital.. Ilnoreasel in detslors Increase in CTedilors IDe¢reaseyincre35e in defErred income 1605,3131 631,750 128,4071 1308,8091 490.903 60,612 Cash labsorbed byllgenerat8d from operation5 1143.8081 226,238 lg