2023-12-31-accounts - Lazarus UK Homes Foundation

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Lazarus UK Homes Foundation Charitable Incorporated Organisation in England www.lazarushomes.org.uk

REPORT AND ACCOUNTS

FOR THE YEAR ENDED

31 DECEMBER 2023 Lazarus UK Homes Foundation

Registered Charity Number: 1195359

LAZARUS UK HOMES FOUNDATIONS

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity No.	1195359
TRUSTEES
	Véronique Raynaud
	Timothée Barre
	Joseph Vijay Kumar
Address	61 Kirkstall Road
	London SW24HE
Bankers	HSBC Bank
	69 Pall Mall
	SW1Y 5EY London

LAZARUS UK HOMES FOUNDATIONS

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The financial statements have been prepared in accordance with section 7 of the Charities and Trustee Investment (Scotland) Act 2005 and section 2 of the Charities Act (Northern Ireland)2008.

OBJECTS & ACTIVITIES OF THE CHARITY

The objects of the CIO are:

to relieve hardship and distress among people who are homeless or at risk of becoming homeless; and
to promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate or reintegrate into society,

In particular by providing accommodation and support towards reintegration within community of young working adults and families.

The current Trustees are appointed for a period of 3 years.

LAZARUS UK HOMES FOUNDATIONS

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)

PUBLIC BENEFIT

The Trustees confirm that they have carefully referred to the guidance contained in the Charity Commission’s general guidance on Public Benefit when reviewing the Charity’s aims and objectives, and in planning future activities. In particular, Trustees consider how planned activities will contribute to the aims and objectives they have set.

ACHIEVEMENTS AND REVIEW OF THE YEAR

Lazarus UK Homes Foundations was registered on 30[th] of July 2021. Since 2021, our main objectives have been:

To identify options in London to rent a property to welcome our first 8 residents,
To continue developing relationship with other charities which could be potential partners in the future: homeless referral, job training/offer, medical/psychological support etc.,
To develop a network of Lazarus friends around our project to increase advocacy and support.

Lazarus shared accommodation model as a reminder:

Single sex shared accommodation with half young professional people and half former homeless people (from 6 to 8 on average)
A supporting family to help with any issue that may arise in the shared accommodation
A sustainable business model with self-funded rent, each tenant paying the same level of rent
An advisory board to assist the shared accommodation and volunteers in specialised topics
A network of partner associations to assist with legal, social, reintegration or any other social topic

2023 activities and outcomes

Lazarus group ofc. 20 volunteers regularly met to discuss the project with as focus the search of a suitable property.
After studying the possibility to rent a property owned by Notre-Dame de France in Ealing, we decided to not go ahead with this project for financial reasons.
During Q2 of 2023, a friend of Lazarus ran a travail of about 80km to raise funds for Lazarus UK.
During Q4 of 2023, new members joined the team and together we identified a potential building located in Whitechapel. We started to analyse this option.
Recruitment of homeless people, young professionals and supporting families have not started yet and are pending identification of a suitable property.
A few working sessions were held, virtually or in person, with other charitable organisations specialised in homelessness to better understand the topic and start building partnerships.

LAZARUS UK HOMES FOUNDATIONS

Rental strategy

Given very early stage of Lazarus Homes foundations, no room rental has taken place yet.

FINANCIAL REVIEW

As the charity was newly created in July 2021, and is still searching for suitable accommodation, fundraising activities have not yet taken place at large scale. However, private donations have been given via Stripe in 2023.

PLANS FOR THE FUTURE

Our focus in 2024 will be to find the property, raise funds to refurbish the property and make it suitable for the Lazarus project. Volunteer architects have joined the project to that effect. Other volunteers have started fundraising activities.

Given the expansion of Lazarus UK, new Trustees will be appointed, and Etienne Rougier will resign due to his move to Luxemburg.

LAZARUS UK HOMES FOUNDATIONS

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)

APPRECIATION AND THANKS

We are most grateful to Lazare France for their on-going advice and support.

We would also like to thank all the volunteers of Lazarus UK.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees of the charity to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing those financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities Statements of Recommended Practices (SORP);
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that this basis applies.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charity (Accounts and Reports) Regulations 2008 and with the charity’s own constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on 14 October 2024 and signed on their behalf by:

V. Raynaud Trustee

LAZARUS UK HOMES FOUNDATIONS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

		2023	2022	2021
		Total	Total	Total
	Note	£	£	£
	s
INCOME AND ENDOWMENTS:
Voluntary income
Donations and gifts		2,854.25	1,723.33	750
HSBC refund of maintenance fees				10
Advance Payment of Legal Fees		-	6,331.52
		----------------	----------------	----------------
		2,854.25	8,054.85	760
		-----------------	-----------------	-----------------
EXPENDITURE:
Charitable activities
HSBC maintenance charges		59.81	60.20	10
Legal Charges			6.420.80
		----------------	----------------	----------------
		59.81	6,480.20	10
		----------------	----------------	----------------
		------------------	------------------	------------------
Net Income/(expenditure)		2,794.44	1,574.65	750
		------------------	------------------	------------------

LAZARUS UK HOMES FOUNDATIONS

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 ACCOUNTING POLICIES

Basis of Preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Second Edition effective 1 January 2019) - (Charities SORP (FRS 102)) and the Charities Act 2011. The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Donations and Legacies

Donations and legacies are recognised when receivable or when the charity becomes legally entitled to them and the value can be estimated with reasonable certainty. Receipts of property, investments or other gifts in kind are included at market value.

Expenditure

Charitable expenditure consists of all expenditure relating to the objects of the Charity. All costs are directly attributable to the activities under which they have been analysed. Irrecoverable VAT is included with the category of expense to which it relates.

Governance costs which form part of support costs, include expenditure on the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.

Statement of cash flows

The charity qualifies as a small charity, hence is exempt from the requirement to produce a Statement of Cash Flows.