COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE IA Charitable Incorporated Organisation) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 June 2025 Charity No. 1198974
COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE CONTENTS Page LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES. REPORT TRUSTEES. STATEMENT OF RESPONSIBILITIES REPORT OF THE INDEPENDENT EXAMINER STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET ACCOUNTING POLICIES 10 NOTES TO THE FINANCIAL STATEMENTS 12
COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE LEGAL AND ADMINISTRATIVE INFORMATION Trustees F J Bentley T J O'Brien S Payling J Stringer G D Shirley Reglstered Office.. 84 Spencer Street, Birmingham, B18 6DS Bankers: Handelsbanken, 4th Floor. 103 Colmore Row. Birmingham, B3 3AG Charity Registration Numbgr 1198974 Independent Examiner8". Michael Nielsen Associate Director UHY Hacker Young (Birminghaml LLP, 9- 11 Viltoria Street, BiTmingham, B13ND
COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE TRUSTEES. REPORT FOR THE YEAR ENOED 30 JUNE 2025 The Trustees present their Annual Report together wlh the Financial Statements and Examinerfs Report of the charitable organisalion for the year ended 30 June 2025. STRUCTURE, GOVERNANCE A14D MANAGEMENT Constitution The Charity is a charitable incoorated organisatson ICIOI ¥Mth no share capital (Registration Number.. 11989741 and is an exempl chanly. The Trustees of CHIP are also the Trustees of the charity for the purposes ol charity law. The CIO 15 known as CHIP and is a corporate body with limited liabilities. The Charity was registered by the Charity Commission in May 2022 and is governed by a Constitution document dated 16 May 2022. As sel out in its Conslilution, CHIP is governed by a Board of Trustees. The Trustees, of whom there are currently 5. are elected for an initial period of three years. Details of the Iruslees who served during the year are included in the Reference and Administrative Details on page 1. OBJECTIVES AND ACTI)nTIES Public Benefit A review of CHIP'S activities during the year ended 30 June 2025 is presented below. The Trustees are satisfied that these activities both meet the required public benefit lesl and are In line with the Charity's objectives- outlined below. The promotion of, and assisbng in the provision of. vocational skills training and apprenlice5hips', and The relief of unemployment foi the tenefil of the public including assistance and 5UPPOrt to find employment especially among people who are di5advanlaged due lo financial hardship, disability. Ill health, discrimination, or poor educational or skills attainment. STRATEGIC REPORT Achievements and Pèrfomianee CHIP'S main donor during the year was Communities and HoLtsing Investment Consortium Ltd ICHICI which made a donation of £170,779 in June 2025. 11 also conlnbuled lo the cos15 of the Annual Awards Dinner - held In May 2025, to the value of £24.701. The donation was to fund CHIP'S work In supporting employment Initiatives and community projects. The size of this donation. which is an annual commitment by CHIC, currently determines the scale of charitable activities the Charity is able lo support In each financial year Throughout the financial year to 30 June 2025 CHIP continued lo work ¥Mth Local Employment Groups ILEGSI. The number of LEGS increased by 2. to 7. compared to the previous year and the funding provided supported 290 individuals into employment- a 2000/0 increase on the numbers supported in 2023124. The funding helps the LEGS in a number of ways - including 10 deliver short courses, lo provide support th improving life skills and to fund qua11fication$ and Level 2 Apprenticeships. The funding largels d1sadvanlaged individuals comprising young people not in education. ex-offenders. Individuals over 55 seeking employment, ex-mililary, young people facing crime, young people lacing homelessness. and Individuals who are facing mental Illness and social deprivation. The LEGS reivIng funding in the year were the Bounce Back Foundation ILambelh in London), the Jericho Foundation Isutton Coldh'eldl, Sl Giles Trust Icovenlryl. St Basils IBirminghaml. the Guinness Partnership (London). Black Country Housing Group (Dudley) and Built Enmronmenl Shared Apprentice ScheFne (all over the UK) Additionally CHIP provides grant funding - known as its Community Chest Fund ICCFI. lo local cornmunily groups and projects lo make a real difference lo peoples lives Funding of up lo £10.000 per groutyproject per year is provided and during 2024125 this included the following community based initiatives.. Medway Foodbank (Kenti providing nutritionally balanced food parcels in addition to signposting lo support and professional advice 50 that indiwduals can maximise their incomes and not need to use the foodbank again.
COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2025 Icont'dl Achievements and Perforrnance Icont'dl Upshire Primary Iwallham Abbey. Essex) to pay for the electrical works on an old railway carriage. providing a safe space for children and parents who require extra support lo improve safely, reduce crime and improve inequalities In health and wellbeing. Stadium Place Youth Hub (Liverpooll - youth space offering mentoring lo young people {10 - 181 to inspire change and inspiration. reducing anti-social behaviour in communities. Mike Rainbow Iwallham Forest, London) - to empower marginalised communities, particularly those affected by high depriwalion and unemployment. through cultural and physical aelivilies. Construction Youth (London) - to support their Building Opportunities programme. which targets Young People Not In Education, Employment or Training INEETI inlts construction courses. Amber Bee CIC Icheslerl providing children with quality early intervention education. where they are struggling lo be part of the commullity. City Farm Isloke-on-Trentl - the proiect is lo purchase a range of items for their animals to live in and lo enable farm expansion, in their efforts lo engage the local community. Open House Community Group (Kings Norton. Birmingham) - lo support a girls group that focuses on empowering young women and girls on some of the most deprived eslales in the Midland$. Recycle-IT (Bolton) lo provide ethical solutions for electronic waste by collecting and refurbishing IT equipment before providing lo disadvantaged people. The third Annual Dinner and Awards event was held In May 2025 al the Telford International Centre in Shropshire. 220 guests were welcomed for the evening, where a gala dinner, presentation of awards and fundraising raffle look place. The event celebrates both the work of the Charity during the year and also that of the individuals and partner organi$ation$ which il has funded. The Trustees are of the opinion that CHIP has mel its charitable objectives during the year and continues lo be In a strong posilion lo further increase ils support for the programme$ and groups Il funds during the 2025126 financial year. Going Concern After making appropriate enquiries, the Board of Trustees has a reasonable expectation that the Charity has adequate resources lo continue in operational existence for the foreseeable future. For this reason Il continues lo adopt the going concem basis in preparing the finan¢ial slalemenls Further details regarding the adoption of the going conrn basis can be found In the Statement of A¢¢ounting policies. FINANCIAL REVIEW Overview The Charity generated a net surplus for the year of £36,731 12024.. £104.3091. The financial model adopted by the Charity revolves around receiving funding from ils main donor and income generation from other fundraising activities in the laller months of the financial period, which are then ulilised for charitable activities wlhin the fo11owng aceounling period. The Trustees feel the current level of reserves is sufficient to both fund the planned activities In 2025126 and also enable CHIP lo plan further ahead for its core activities. CHIP is indebted lo ils major funder Communities and Housing Investment Consortium Ltd ICHICI which donated funds in the value of £170.77912024". £144. 1701 during the year. They also paid £24,701 12024." £16,511) towards the costs of CHIP'S Annual Awards dinner. This funding wll enable the Charity lo continue lo deliver ils charitable activities during 2025126. Financial and Risk Management Objectives and Policies The Chanly's financial and risk management objectives are documented in its". Budgets Soherne of delegation
COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2025 {conl'dl Reserves Policy The Trustees review the reserve levels of the Chartty annually. This remew encompasses the nature of income and expenditure streams, the need to match incorne wth commitments and the nature of reserves. The Trustees have determined that the appropriate level of reserves al year end should equate to its proposed budget for funding charitable activities in the followng financial year plus a small balance of around £20.000 as eolllingency funds The reserves balance as at 30 June 2025 is in line with this. Reserves as al 30 June 2025 were £319,44512024. £282,713). Investment Policy All Investments are made in accordance the policy of the Charity. The Charity's policy on investments is one of minimum risk wth all investments being held wlh the Charity's bankers. The Charity wi11 nevertheless seek to maximise Interest receipts within this arrangement. Investments are made with regard lo Charity Commi$5ion guidance In relation lo inveslmenls. PRINCIPLE RISKS ANO UNCERTAINTIES The Trustees have considered the risks faced by the Charity throughout ils normal operational business. 11 has sought lo address the risks faced by the Charity by establishing appropriate governance and management arrangements and estsblishing robust operational and reporting procedures. The Trustees consider that these arrangernenls have been effective throughout the period being reported. The Trustees intend lo build on this success by reviewing and updating all procedural documents, as and when necessary, which will continue to enable checks lo be syslemab¢ in nature. Risk Management Al the lime ol reporting, the Chanly's Identified key nsks are.. funding from ils major donor is either removed or reduced lo a level where it is unable lo carry out ils charitable objectives in full", failure lo market Ils Community Chest Fund adequately, meaning insufficient applications are received from prospective recipients," and Local Employment Groups ILEGSI fail lo meet their commitments and do not deliver outcomes in line wth their Serwo Level Agreernents ISLAS). Mitigating action, both current and planned. has been Identified lo address these risks. This is also true of all other risks that have been formally identified which have a lower level of impact andlor likelihood. FundraSsing Under the provisions of the Charities IProlection and Social Inveslmenll Act 2016 , the Charity wll run fundraising events to raise money for other charities or for the Charity itself. The Charity does not work with any professional fundraisers. Where rnoney is Taised, this is collected and receipted appropriately. The Charity has a complaints prCedUre lo ensure any concerns can be reported. Plans for Future Periods CHIP aims lo build on 2024125 performance. by targeting to achieve the followng in 2025126". to provide funding lo both currently supported and potentially new LEGS lo support In the region of 300 leamers Into sustainable employment.. to build on the previous two years of Community Chest funding for community based projects and aim to make grants during 20226 of between £90,000 and £100,000, and to continue lo hold an annual aardS and fundraising dinner in the early Summer of 2026 10 celebrate the achievements of Individuals and companies who excelled in achiewng or supportinq apprenticeships and training in the workplace.
COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2025 Icont'd} Independent Examiner In so far as the Trustees are aware". there is no relevant infomiation of which the charitsble incorporated organisalion's independent examiner is unaware". the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant examination information and lo establish that the independent examiner is aware of that Information. The Independent Exarniner, UHY Hacker Young IBimiinghaml LLP, is willing to continue in office and a resolution lo re-appoint them will be proposed lo the Trustees. The Trustees, Report incorporating a strategic report as approved by the Board of Trustees on 25 September 2025 and signed on their behalf by-. T J O'Brlen Chair of Trustees 25 September 2025
COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2025 The Trustees (who are also directors of Communities and Housing Investment in People for the purposes of company lawl are responsible for preparing the Trustees, report and the financial slalement5 In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Aceounling Practi1. The law applicable lo charities In England and Wales reqLJires the Trustees lo prepare financial slalements lor each financial peri¢xJ which give a Irne and fair view of the slate of affairs of the Charity and of the incoming resources and application of resource5 of the Charity for that period. In preparing these financial stalemenls, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP 2019.. make judgements and eslimales that are reasonable and prudent., stale whether applicable UK accounting slandafds have been followed, subject lo any departures disclosed and explained in the financial statements., and prepare the financ1al slalemenls on the going concem basis unless rt is inappropriate to presume that the Charity wll contsnue In operation. The Trustees are Te$ponsible for keeping accounting records that disclose with reasonable accuracy al any lime the financial F)OSltion of the Charity and enable them to ensure that the financial stslemenls comply wth the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, Financial Reporting Standard IFRS 1021 and the provisions of the conslilulion. They are also Tesponsible lor safeguarding Ihe assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Tru$tee$ and signed on their behalf by.. T J O'8rien Chair of Trustèes 25 September 2025
COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE FOR THE YEAR ENOED 30 JUNE 2025 I report lo the Charity Trustees on my examination of the accounts of the charitable incorporated organisalion ICIOI for the year ended 30 June 2025. Responsibilities and basis of report As the charitable incorporated organisalion's Trustees you are responsible for the preparation of the accounts in accordance wjlh the requirements of the Charities Act 2011 1.the Act'i. I report in respect of my examination of Ihe charitable incorrK)rated organisalion'5 aecounls carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Chanly Commission under section 1451Sllbl of the Act. Independent Examlnerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection wlh the examination giving me cause lo believe that in any material respect. accounting records were not kept in respect of the charitable Incorporated organisation a$ required by section 130 of the Act", or the accounts do not accord wth those fecords., or the accounts do r¢ol comply wlh the applicable requirements concerning the form ond eonlent of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair vieW which is not a matter considered as part of an Independent examinatson. I have no concerns and have come across no other matters In connection wlh the examination to which attention should be drawn in this report in order to enable a Pfoper understanding ol the accounts lo be reached. Mlchael Nielsen UHY Hacker Young (Birmlnghaml LLP 9-11 Vittoria Street Birmingham B13ND 25 Sgptember 2025
COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025 Total Total Unrestricted Designated Year Ended Year Ended Funds Funds 30.06.25 30.06.24 Nole INCOMING RESOURCES Incoming resourcgs from generated funds Voluntary Income Donations Donations from CHIC 5.466 170.779 5,466 170,779 5,350 144,170 Incomlng resources from charitable activities: Fundraising 24,740 24,740 16,760 Investment Income 5.813 5,813 3,852 RESOURCES 206,798 206,798 170,132 RESOURCES EXPENDED Charitable Activities Management and Adminislrabon 161,608 8,459 161,608 8,459 55.138 10,685 EXPENDEO 170,067 170.067 65,823 NET INCOMING RESOURCES 36.731 36,731 104,309 Transfers between Funds NET MOVEMENT IN FUNDS 36.731 36,731 104,309 Fund Balances brought forward 282,714 282.714 178,404 FUND BALANCES CARRIED 319,445 319.445 282,713
COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE BALANCE SHEET AS AT 30 JUNE 2025 Totsl Total Asat Asat 30 June 30 June 2025 2024 Note CURRENT ASSETS Debtors Cash at Bank and Hand 8,860 3,120 314.352 282.737 323,212 285,857 LIABILITIES Amounts due within or¢e year 3,767 3,144 NET CURRENT ASSETS 319,445 282,713 TOTAL ASSETS LESS CURRENT LIABILITIES 319,445 282,713 FUNDS Unreslricled Funds Designale(J funds 319.445 280.713 2.000 TOTAL FUNDS 319,445 282,713 The financial statements on pages 8 to 14 were approved by the Trustees and authorised for issue on 25 Seplernber 2025 and signed on their behalf by". T J O'Brien Chair of Trusteèg 25 September 2025
COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE 10 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 1 Statement of Accounting Policies A summary of principal accounting policies adopted (which have been applied consislenlly, except where noledl, judgements and key sources of estimation uncertainty, is sel out below. Basis of Preparation The financial statements of the Charrty, which is a public benefit entity under FRS 102, have been prepared under Ihe historical cost convention in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland IFRS 1021. the Accounting and Reporting by Charities . Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211. and the Charities Act 2011. Communities and Housing Investment in People ICHIPI meets the definition of a public benefit enlily under FRS 102. Going Concorn The Trustees asse$5 whether the use of going concem is appropnate i.e. whether there are any material uncertainties related lo events or conditions that may cast significant doubt on the ability of the Charity lo continue as a going concem The Trustees make this assessment in respect of a period of at least one year from the dale of aulhonsation lor issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability lo continue as a going concern, thus they continue lo adopt Ihe going concem basis of accounting In preparing the financial slalemenls Income All incoming resources are recognised when the Charity has enlillemenl lo the funds, the receipt Is probable and the amount can be measured reliably. Donatlons Donations are recognised on a r1vable basis where there is certainly of receipt and the amount can be reliably measured other Income Other income, Including the fundrasing income is recognised in the period it is receivable and lo the extenl the Charity has provided the goods or services. Expenditure Expenditure 1$ recogni5ed once there is a legal or eonslructive ob11galion lo transfer economi¢ benefit lo a third party, il is probable that a ITansler of economic benef11$ will be required in selllemenl and the amount of the obligation can be measured reliably. All sOurceS expended are Inclusive of irrecoverable VAT.
COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE 11 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Icont'dl 1 Statement of Accounting Policie5 (Confd) Flnanclal Instruments The Charity only holds ba51c financial instruments as defined in FRS 102. The financial assets and financial liabilities of the Chafily and their measurement basis are as follows.. Financial assets trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed in note 2 Cash al bank is classilied as a basic financial instrument and 1$ measured al face value. Financial liabilrts trade creditors, acciuals and olher creditors are basic financial instruments, and are measured al amortised cost as detailed in note 3. Fund Accounting Unreslricled Incorne funds represent those resources which may be used towards meeting any of the charitable objects of the Charity al the discretion of the Trustees. Designated funds are those that have been designated for specific purposes by Trustees and a expected lo be spent on the intended purpose within 12 months. Crltlcal areas of judgement There are no crilical judgements that the Trustees have made in the process of applying the Charity's accounting policies on the amounts fewjnised in the slalulory finan¢ial $lalements.
COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 12 Year ended Year ended 30 June 2025 30 June 2024 DEBTORS Trade Debtors 8.860 8,860 3.120 3,120 Year ended Year ended 3 LIABILITIES Amounts due within one year.. Accruals Trade Creditors 30 June 2025 30 June 2024 3,767 2,040 1,104 3,144 3,767 4 FUNDS Year endod 30 June 2025 Designated Unrestricted Funds Funds Year ended 30 June 2024 Deslgnated Unrestricted Funds Funds Fund Balances brought forward Surplus lor year Transfers between funds 282,714 36,731 2.000 12.0001 176,404 106,309 AI 30 June 2025 319.445 282,713 Year ended Year ended 30 June 2025 30 June 2024 Funds are designated as follows.. - General Unrestricted Reserves 319,445 282.713 319,445 282,713 S UNRESTRICTED FUNDS The Charity is carrying funds of £319,44512024 £282,713) which are general unrestricted reserves. Unrestricted Funds Analysis of Net Assets between funds Net Current Assets 319,445 319,445
COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 13 Year ended Year ended 6 DONATIONS Donations (See Note 11} Unrestricted funds 30 June 2025 30 June 2024 176.245 176,245 149,520 149,520 Year ended Year ended 7 FUNDRASING INCOME Fundrasing Income Unreslricled 30 June 2025 30 June 2024 24.740 24,740 16,760 16,760 Unrestricted Year ended Year ended Funds 30 June 2025 30 June 2024 RESOURCES EXPENDED Charitable Expenditure Charitable Activities 161,608 161,608 161,608 161,608 55,138 55,138 Unrestricted Year ended Year ended Funds 30 June 2025 30 June 2024 9 RESOURCES EXPENDED Management & Administration Governance Costs INole 10 Sundry Costs Bank Charges Professional Fees 2,470 1,760 69 4,180 8,459 2.470 1,760 69 4160 8,459 2,420 4,248 4,000 10,685 Year ended Year ended 30 June 2025 30 June 2024 10 GOVERNANCE COSTS Fees paid lo Independent Examiner Twslee eXnSeS 2,118 352 2,470 2,040 380 2,420
COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 14 Unrestricted Year ended Year ended Funds 30 June 2025 30 June 2024 11 DONATIONS Other Donations from the Public Other Donations from CHIC 5.466 170,779 176,245 5,466 170,779 176.245 5,350 144,170 149.520 12 TRUSTEES. REMUNERATION & EXPENSES Expenses lo the value of £20212024. £380} were reimbursed lo trustees during the year.