Homes of Hope Charlty Numb•r 1198283 HOMES OF HOPE HOMES OF HI)PE UAGOAIISIQMEIPOVR R1S1DtNTSHILPTMI4I5ILIIS Tru•t•es' Report and FinanGlal Statsments 31rt March 2024 Homes of Hope Trustees, Report and Financial Statements 310t March 2024 Th8 trustees present their report and accounts for the year ended 341¢ March 2024. Charlty Name HOM￿ of Hope Charlty Number 1198283 Charity Tru8tee8 S.J. Annlss Chair C Muyeba (4ppolnt•d 112.2023) D Fawcatt G Whlts T Wintsr ServiGg Manag•r Ryan Ackrill Roglstar•d OffK• and Prlncipal Address Lancastar Hou8e 6 Harp•r Road Sharnton Manchester 11122 4RG Bankers CAF Bank (Charlllés Ald Foundallon) 25 Klngs Hlll Avenug, King8 Hill, West Malllng. Kent ME19 4TA Independent Examiner David Allen FCCA Allen Mills Howard & Co Lewis Hou80 56. Manchester Road Altrincham. Cheshire WA14 4PJ Sollcitor8 Anthony Collins Sollcltorn LLP 134, Edrnund Streot Blmilngham B3 2ES Homes of Hope Trustees, Report and Financial Sl8ternent8 311t Marth 2024 StruC￿r* and Oryanl8ation Oryan18ation The organlsation Is a ChaFftabl8 Incorporated Organisation regFStefed as a charty on 17th March 2022. The charty was managvj by the trustees who meet regularfy to consider the progress Df the charity and to consider its fulure di￿tion and activities. The day-ttrday operatlon8 of the charty were delegated to the Service Manager wl70 was supported by the other members of staff and volunteers. Trust0• Appolntments The trustees were appolnted by exlsting tru8tees at speclally convened m8eling8. In selectlng person8 to be appointed as trustees, the existing trustees took Info account the b8neffts of appointing a person who through residence, i)ccupation, employment ¢r otheNise had special knovledga of the area of benefft or who was otherwise able by virtue of hk8 or her personal or professional qualifications to make a ¢ontribution to the pursuit of the objects or the management of the charity. Rlsk Managem•nt The Trustees were aware of the recommendations to examlne the rnajor strategiG, business and operational rlsks which the Trust faces. Procedures were in plao for the following: business interruption, publlc Ilablllty, key person absence, market a$s￿rnent and safety. ObJ•ctlv88 and Actlvltles The Object of the CIO Is Ihe rellef of adults who are honEless by reason of povety. siGknes8, dlsability, alcoholism, drug addiction, offending behavlour or any other mental or physlcal Infirmlty, in pa1￿cular by the provision of suitable supported housing accommodation and 88sociated services in England and elsewhe￿. Including soclal hou8lng as defined by statute, wtth the object of improving tslr corKlitlons of Irfti as an 8xpresslon of ehr1811an falth. Servlces Can include, but are not limited to, 8UPPOrt services, housing services, care services, rehabilitstion services, Iralning 8errfice8. advice 8ervices and catering serdices. Publlc B•n•fit The Trustees ¢onfinYJ that they have had due regard to the Charlty Commisskjn guidan¢e on public benefrt. The Trustees believe that Ihis report demonstrates the extant of the charlty's benefit to th8 public. Homes of Hope Flnancial Review On 31& March 2024 th8 charlty had fund8 tot811ing £ 48.965.18 which wer8 all untsstrlcled funds. Income of £ 192,922 had been raised during tho year. R•8•rvos Policy The Trustees sought to maintain adequate rese￿e$ to enable us to contlnue to function ft)r at least 3 months. The trustees review the level of the reserrfes at regular trustees, meetings. The tru8tee8 have generally set a level equlvalent to 3 months of operaling costs for the organlsalion as a desired lével of resepie, This fund is a conlingency In the event of a sudden redudion In Income, to protect the future operation of the organisation from the effects of any UnfO￿Seen variations in Its income and expendlture. It 8180 provides a cash flow ftlr grants and contracts that are paid in arrears. The trusts8s have designated r•8eNes where there are planned commitments that cannot be met by anticipated future income alone. These reSer￿S are broken down into several funds that r8late to: The organisation's responsibilities as an employer to hold sufficient fund8 to provide proper notice and redundantrrf costs In the event of closure Th8 organlsation's responsibilities as a leaseholder with full-repairing responsibilities. It is the truslees, intention lo build a capitsl improvement fund over the next few year8 lo meet future repair and refu￿1$hment commitments Th? reserves policy and the levels of reserves required are review￿1 yearly as part of the annual budgetary process. wrthin the accounts, the amounts of reser¥es are specified in a lable as foll(Iw8: Unrnsfry¢tod Deslrod Balanco as L￿8¢￿P￿0n of Funds Funds Rawves at31•¢ March 2024 £:30.000 '£ 15,OC)o Gen•rnlpuq)o 3 month's funds lo provide cash flow ar￿ meet unforeseen. pxpenses. Three month8 8alarfes and employer8, Nl contnbutions S•lorf•8 Res•N• £18,000 £ 12,000 Homes of Hope Redundaney Reserv• £"8,OCKI'"" . £. 8,:000 ": required notlce witxl of one i month) based ori stslArtory mlnlmum paym•nts' for all ￿l$ting .$.taff. To fulfil 3 motiths ongolng lease obligations. Li Prnm18e8 £ 20,500 £ 13,600 Premises Reserve- Capftal Impmv•ments £ 10,000 £ 2,300 Fund8 to maintain .r•pai.r . Improve preml8e8 hekl on a fv￿-. Total8 roqulred £ 84,500 Total8 on 31•t March 2024 £ 48,900 Although indicating a shortfall in deslred re8ern of around £ 35,600 the trustees have built reserrfes in the second year of operalion of approximatety £ 48,900. L)ue to th13 deGrease of the closing balan(¥, salaries re8erve, general purpose reserve fund, and premises reseThe (gener81) have been redU￿d to two months of reserves fund. Further additiorls to reserves lo reach the desired levels will be made as funds allow In 2024r25. Prfnclpal Fundlng Sourc• The Plincipal funding Sources vtsre from grants and donations. Homes of Hope Going Concern conslderatlons As of 31st March 2024, the trustees have note(l a shortfall In deslred reserves of approximately £ 35.600. Actual r&serves at Ihat date stood at around £ 48.900 but have fallen by a further approximate £ 16,500 from the previous year. Slnce then, due to the inGidenGe and timing of grant income arising from applications. The trustees are aware of these considerations and are taklng action to mitigate the shortfal by intensfying and maximising grant appli¢ailon8 and minimising expendlture wherever possible. Every effort is also being made to explor8 and implement further fund-raising activitie8 to rnaximise all incA)me streams. Options Including collaboration with other likeminded, ¢ompatible charities are also under eonslderation. Inv•8lm•nt Pollcy The Trustees ¢onsldered that there were no fund$ available for long term Investment. Developments, Actfvlli•8 and Achlevement8 The charty has now completed its second full year of operatlon. and has maintsined a diverse range of courses, activitles and social events for resldents, as well as a high qualSty of support. strong ongoing controls on collection of ineligible rent and Housing Benefit Gontinued good levels of income, and void levels remained low, below 8% Homes of Hope Jun• 2023 Encountér camp In June 2023. Homes of Hope embarked on a transformative joumey with a group of speclal guests who had faced hardsnip, adversity. and challenges. Wrth a missl¢)n to offer hope and healing, the team at Homes of Hope dedded to take them to Encounter Camp, a place known for rts beautiful setting and lrfe-changin9 experIen(￿. As tha guests loaded thg Var￿ that sunny morning, there was an air of excltement mixed with uncertainty. For many, it had been years since they had taken a trip. let alone to a remote Gamp surrourKled by nature. The joumey itself f8lt like a gfft-a break from everyday struggle3. Some were nervous about whatto expect, others simply excited to be togelher, leavlng behind the weight of their daity lives. Upon arriving at En¢ounter Camp, the landscape took their brealh away. Tall trees swayed in the breeze. and the scent of pine and fresh earth filled the air. The sound of laughter and joy echoed from the campgrounds as people were welcomed with wami smlles and open arms. It was clear that this wasn'tjust a vacation- it was a place to reconnect. restore, and refresh the spiriL n that would transfomi the way they supported the vulnerable men tsy sérved. After years of being based in a Small, somewhat cramped office, the opportunity lo relocate to such 8 vibrant and dynamic space felt like a breath of fresh air. The Me&8age Trust buikling, known for its commitment to communty and empowerment, Seemed like the perfect ffl for the next chapter In their mission. The move wasn't just about a new office. It was about opening doors- literally and figuratNety-40 new opportuntties. Hom88 of Hope, an organisation dedicated to supporting men who had eXperIen￿d homelessness, addiction, or imprlsonment, had always provided a safe space for healing and growth. But now, nestled within the Same walls as the Message Trust, there was the potential for something bigger: a communty of GDllaboration. èmessage AS soon as we settled into our new spa(*, the team from Homes of Hope and the Message Trust began to get to know each other. The first conversation was simpl& an introdudion over coffee-but it quid(ly blossomed into deeper discussions about how they could cornbine their resources and expertise to make a greater impact. The Message Trust was known for its work in outreach, and its wde network of business and community partnerships, while Hornes of Hope had the experience of transfonning Ilves through practical support, guidance. and faith. Through these shared values and complemenLgry skllls, a wraparound support began. Homes of Hope's vulnerable men, many of whorn had struggled with finding stabke work or a place to call home, were now posittoned lo galn much-needed ski118 and opportuniknes. The Messag8 Trust had the ne￿ork and the resource8 to create real, sustainable job and volunteer opportunltles. In the end, the move to the Message TnJ8t bulldln9 has done more than just provhje a new physical space for Homes of Hope. It has op8n8d up a workl of opportunitles, strengthened by a partner6hlp built on trust. compassion, and a shared vision of Ive. Together. they can build a future where men could rebuild their lives and step into the potential they had long been denied.11 is a new chapter of growth-for Homes of Hope, and, most importantly, for the men they GeN8. Homes of Hope January 2024 Partn•r•hips Homes of Hope is dedicated to supporting vulnerable adults, we strived to provkle a safe pla￿ for Ih08e In need. But desphe our efforts. we often find that many of the people we help fa￿ barriers that go beyond shelter-like the cost of a driving lesc a naw phone for job appllcatk)n8, or even the right clothing for an inlerview, That's when found an ally In 'Acts 435" a charity dedicated to offerlng flnanclal support for specific AC 435 to needs. One day, a young man named (E). who had been INing in a Homes of Hope transitional home, shared his story with the team. (E) had been worklng hard to tum his life around after slruggling v¥ith addiction. He had secured a job, but he couldn't afford the cost of the drlving test he needed to get to work. Wthout it, his newjob would be impossible. Homes of Hope reached out to Acts 435, who Immediately stepped in to help. Wrthin a couple of weeks (E), had the funds for his driving test. The relief was oveNth?Iming. {E) not only passed his test but also gained the independence he needed to travel to work, boosting his confidence and solldlfying hls path to financial stability. The pathership between Homes of Hope and Acts 435 has continued to grow, wlth Acts 435 funding various 8m811 but e&sential needs for many individuals. lfyhether it was provlding moblle phones for job searches, helping with work attire, or covering transport costs, ACTS 435's 8UPPOrt is a game-ch8nger. V*fith èach person they help, Hornes of Hope has seen more and mre of their residents thriv￿1ndIvIduals who had once felt lost now had the tools to rebuild their lives. And thanks to Ads 435's generosty. the8e small but vital acts of support made lasting diffeTenix. The wllaboralion has become a beacon of hope, showing that sometimes, a Ilttla by of help 18 all x)meone needs to start anew. Homes of Hope March 2024 Beglnnlng of change. After twelve years of dedication arKI grovoth, Gary Stretton, the founder of "Homes of Hope., feli it was time for a new chapter. He had poured hb heart and soul into buildlng the charty from the ground up, creatSng a safe haven for vulnerable adults and offerlng them a fresh start. The organisation had flourished under his adership, but Gary knew that to take it io the next level, it needed someone wilh fresh energy and vision-someone who could build on the strong foundatlon he had lald. That man is Ryan HOMES OF HOPE Ryan is humbled by the responsibility but also energised by the opportunity. Togeth￿, with the team, he ensures that Homes of Hope continues to be a beacon of hope, helping more people transform their lives.. Under Ryan's leadership. 'Homes of Hope. embraced a new. forward-thinking approach. Ryan's vlsion included expanding partrierships with other charities, Sncreaslng support fDr residents, and Inco￿oratIng new programs focused on financial independence, mental health, and long-term success. The team have rallled behind him, ready to bring these idea8 to life. It is clear that wtth Ryan'8 fresh perspecaive, "Hom8s of Hope. is On the brink of somethlng tru￿ speclal. For Gary, it was bittersweet to step back, but seeing thé charty in Ryan'8 capable hands 18 the greatest reward. A8 Ryan begin8 to lead Homes of Hope into its no Ghapt•r, it was evident that this iransition was not just a change in18adership-it was new beginning, full of potential, hope, and the promlse of even greater impact for the vulnerable a.dults they serve. And so, with ren8wed energy. Homes of Hope 1$ moving forward, a new chapter beginning for Ryan, the team, arKI th8 many lives they are committed to changing. . In addition, we are comrnitted to fo8teriTrJ a 8UPPOrtive church community that offers opportunities for residents to explore thelr spirituallty and develop meaningful relatlonships wilh othets, Our approach to hèaling and recovery18 holistlc, and we fimity believe that spiritual support is a key component in helping Indlviduals overcome the challenges they fac8. Homes of Hope Durlng thls year we can report the followi￿ succes8e8: Over 80% of men say that their mental and physical heatth has improved while staying with us. 100°A of residents regk%tered wlth a Ioc81 G.P. 80% of residents had full or part-tirne employment. or voluntary placements. 75% of men rnanaged their sobriety long-tem. 90% reduction in re-offending rates while men %%ere wlth Homè8 of Hope, reducing the financlal burden to many vital public se￿ices. Thg Tnrntees doclarg that th•y have approved of th? trustso8' rnport abovo. Signed on behaff of ts charlty's trustees on 16th December 2024 by: Sharon JuditF) Annis8 {Chair of the Truslees) Gavin ihjhite (frustee) CHARIIY COMM15510N FOR ENG￿N0 MD WAiES 11982BJ Receipts and ayrnents accounts CC16a For th• lslWI 2Q3 318t Mar¢h 2024 To Sectioii A Receipts at7d payment Vnmtricted Restrf¢t•d Endowmfrnt T¢)tsl fund• t• th• A1 R•c•l 1• Rent& •1 A2 A￿￿1 Ind In¥Mtsn•nt ••1 tab5• BiM•tsvth K*rtm .106 ents 112 017 x,3 rtyth A4 A•••t•nd Inw•trMnl ur¢PA•• • tsbl• 0.12% N•t of rne•Ap¢rfp4ym•nl•) AO Tran•f•rn l*iw••n fund Al Cagkn lunds la•t y•ar C4•h funds this y•arw 60,165 10 ction B Statement of assets and liabilities at tlie end of the period Unreotrlet•d ReJtrf¢tgd nd• fvnd endowmgnl fund• Cat•9ohg• rkntsii* B1 C••h funds TOtal￿h funds Lknr••lrf¢tsd Rutrlcted Endo￿￿7 fund• fund• funds Fund lof*hlrh DÈtsll¥ 83 Inve•tmert •Met• Fundts *ht¢h D•tal B4 A•uts r•t*ln•d forth• charlty'8 u•• FvndloTNhl WF•n d Detal B5 Uabllml aao S*n•d by om orts4olrwteE5 bphallof all the Datè of roval ptht Name Shargn JLKllthMnl$G 71h Fet n Jamè8 AMIS8 7th Februo 2V21 11 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examlnerfs report on the accounts Section A Indei)eiideiil Exai)iii)Èr's Report Report to tho Iru8toMI momber8 of Homes of Hope CIO On account• for tho yMr 0nd8d 31*t March 2024 Charlty no (If any) 1198283 Sot out on p•g On8 to eight l ￿POrt to the trustees on my examination of the ac¢ounts of the above thartly {Ihe for the year ended 31103 12024. Ro8pon8iblllllo• and As the Charty tr￿tee5 of the Trust, you are responslblo for the preparation ba¥18 of roport of the accounts in a¢¢ordan¢e with the requirnments of the Chwitie8 Act 2011 (Ihe Ad.). I report in resped of my examinalion of the Trust's accounts Carried out under Section 145 of the 2011 Act and In carylng out my examlnatlon, I liave followed th8 applicable Diroctions gNen by the Charty Commls$lon under Section 145{5}(b) of the Act. I have completed my examination. I corfirm that no material matters have come to my attention in connection with the examlrHtion which gives m cause to beli8ve that in, any matertal respect.. accountlng records wer8 not kept In accordance with Sectlon 130 of the Act or the accounts do not accord with the acuuntlng records I have r￿ ￿ncernS and have come ams no other maltern in connection with tha examination to whlch attentton Should b8 dravm in order to enable a )per und8rstaTrJing of the accounts to be reached. Indopendenl oxamin8rf$ stat•ment Slgn•d: 1110212025 Mr vid Allen FCA FCCA Rel•vant profasslonal quallfi¢allon(s) or body {rf any): Instttuie of Chartered Accwntants in England and Vvales. Associ8tlon of Chartered Certified A¢countanlJ. Addr￿8. Allen Mills Howard LIM￿ad, Lewis House, 56 Manchester Road. Altrincham, Cheshire, WA14 4PJ ection B Disclosure Onty complete rf th8 8xamin8r needs to hrghlight matters of concem (see CC32, Independent 8xarnination of charity accounts.. directions and guidance for examiners). Giv• horo br1￿ d•tails of any Items that th• •xamln•r w1¥h￿ to dl•clo¥•.