Charlty re815tratlon number 1201215 HTH TEAMWORK CIO ANNUAL REPORT AND UNAUDtrED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charlty re￿$tratIon number 1201215 HTH TEAMWORK CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR TrIE YEAR ENDED 31 MARCH 2024 HTH TEAMWORK CIO LEGAL AND ADMINisfRATIVE INFOR￿TIoN Trustees Rev B Howell Chrlsdne Kennedy Mr Brlan Stoneman Mrs Eileen Mcmaster Charlty number 1201215 Independent enmlner Stephen Lamb. FCA 12 BessÈmer Court Howns8ill Indu5trlal Park Knitsley Lane Consett Co Durham DH8 7BL HTH TEAMWORK CIO Trustees. report Independent exarnlnee5 report Statement of financlal aciivltles Balance sheet Note5 to the financlal ststements 8-17 ITH TEAMWORK CIO TRusfEES' REPORT FOR THE YEAR ENDED31 MARCH 2Q24 The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial Statements have been prepared In accordance wlth the accounttnB pollcies set out In note I to the financial statements and comply wrth the charlty'5 8overnln8 document, the Charities Act 2011 and "Accounting and Reporting by Charitie5: Statement of Recommended Practice applicable to charSties preparing their acwuffls In accordance wlth the Financial Reporting Standard applicable In ihe UK and Republlc of Ireland IFIS 1021 leffecifve l January 20191" Objecdves and 4¢lIV￿¢S The objert of the charity is to relieve the charitable needs of those in need by reason of age, 111 health, dlsablllty or other 50cial disadvants8e in the borough of Gateshead and the surroundlng areas in Tyne and Wear. Publlc benefit The trustee5 have pald due regard to guidante issued by the Charity Commisslon In deciding what activlties the charity should undertake. MTh TEAMWORK CIO TRUSTEES, REPORT (CONTINUED) FOR 7HE YEAR ENDED31 MARCH 2024 Achlevements and performance Significunt uctivities and achievements ogolnst objecilves Over the past year. our charity has continued to provide home help services and soclal care support to older aduhs in Gateshead. helplng them to maintsin independence and lead safe and comfortable home lives. In total, 275 households have accessed our weekly home help servlces Icleanln& shoppin& prescrioion collection and general errdndsl andlor our flexible a5SiSted outings service which helps people to stay active In the communrty and go on outing5 of their choice wfth 0nfrto￿ne support from home and back again. Home Help Ser¥ice: We supported 250 household5 at least On￿ every week wTrth our home help service5 throughout the year. The most important and meaningful OLrtcomes for our customers included the ablllty to remain at home for longer, reduced risk of isolation and alleviation of lonellness, and Improved happiness and wellbein& AssF5ted Outings Servlce: 25 customers received ￿gUlar On￿tI￿One support to go out Into the tommunlty. Thls servke has been particularly valuable in reducin8 social Isolation and increasing opportunities for engagement and enjoyment. Our team has supported customers In a range of activliies. from ViSTt5 to local parks and shopping trips to attending social visits to famlty or frlends. Impact Feedback from our customers and their families has conslstentty hlghllghted the positive impact of our service. Many have reported improvements In wellbeing and greater peace of mind knowlng they have acce55 to tWSted support for essential tssks, or when leaving their home. Our soclal Impact research shows.. 91% of customets feel more independent. Some customer5 assoclated thts wSth the feeling of copin others dlscussed the reduced 'burden' on famity and frlends, and most expressed that, without the service5, they would not be able to manage in thelr home and would iherefore have to move Intc residential or She￿ered accommodation. which would restrlct thelr ¢holces. 90% of customers feel less isolated, and feel more reslllent as a resuit. 83% of our customer5 report feeling a boost in conthdence due to their regular InteRthon5 wlth our home help asslstsnts, alon8 wlth the reassurance that our service provldes. 84% of customers feel less anxlous, and. of these. 91% 80 on to experiente better health. 67% of customers feel they Ilve In 8reater comfort. This, in tum, incfeased people's happlness and wellbelng. 6(￿ feel they have greater Structure. Customers often dlsclose that they look foward to their rylar vlsits. and. without thi5, many who Ilve alone tell us they would feel at risk of low mood. OurTe•m We have continued to benefit from the dedlcatton of our team of home help assistants and outings asslstants. who are instrumental In dellvering our services. We Continue to provlde relevant tralnlng and support to every member of the team, to ensure they are equipped wlth the skllls and knowledge to provide support and respond to the evolving needs of our customers. HTH TEAMWORK CIO TRUSTEES. REPORT ICONTINUEDI FOR 7HE YEAR EIVDED31 MARCH 2024 Partnership We continue to work closely with referring partners Includlng NHS professlonals. our local aLrthor*y and voluntsry sector or8anisations to ensure that local residents recelve the comprehensive support they need. Fundln8 Tran5itronln8 from a Communlty Interest Company to an Incorporate OrBanisation has opened up more opportuniknES for fvndlng support. This year, we delivered a pilot project benefiting young carers and thelr families. Wfth funding from the Bernlcla Foundation (gTrnted in 20221231 we delivered the successful 12 month project throughout 2023124. The burden of household tasks was temporarily lifted for 12 young carers so thev could focu5 on other areas of their lives, such as homeworl exams, hobbles. and soclalising for example. At the end of the financlal year, the charity recelved a grant from The National Lottery Communty Fund to provide free, short term home help support to older people affected by timtrlimit ch311enges and finandal har(Jshlp. The prolert will be delivered In 2024125. Conduslon As we complete our first fvll financlal year as o tharity, we refiett on our growth, learning and Impact and we are exclted about the impacrful projects ahead. Most of all, we are proud of the positive d￿rence we have made in the lives of older adults in Gatesheadi providlng them with the praLtical and emotional support they need to Ilve Independently. Flnanclal revlew The financial statements show a net income in funds of £1.81212023 net expenditure £6,7721. The cash balance al the bank15 £30.69812023 £32,6501. The trustees are pleased with the reversal from the net expenditure in the prlor financlèl year toa net income In this financlal, and are optimistic this will conlinue goin8 forward. Reserves policy The trustees conslder that the Ideal level of reserves as at 31 March 2024 would be around £30,000. At thts level of Un￿strICted reserve5 the charlty could maintain operation for approximately 2 month& Current unre5trkted reserves amount to £28,319. The charity enjoy5 good IlquId￿¥ and has no Issue on meetlng rt's liabllthes when they are due. The trustees are confident for the nexl twelve months. Grant ¥plScarions are belng submltted and èveryone Is optlmlstlc for their success in galnin8 funding. Moior rlsks Thè trustees have assessed the major risks to which the charity Is exposed, and are 5atisfted that systems are in pla￿ to mtkngate exposure to the major risks. Strurture* 8o¥ernance and m•nJgement The charity was established as a Charltable Incorporated organlsation on 2 December 2022. It'5 worklng name is Happyto Help Gateshead. ITH TEAMWORK CK) TRUStEES' REPORT ICONTINUEDI FOR 7HE YEAR ENDED 31 MARCH 2024 The trustees who served durln8 the year and up to the date of signature of the financlal statements were: Rev B Howell Chrk5tine Kennedy Mr Brian Stoneman Mrs Eileen Mcmaster Recrultment ondappointment of trustees The trustees continualty audit the available 5kllls of the boar(l and look to acquire new trusteeswith dlfferent sknlls and experlences whith can assist in the growth of the organisation. REcrultment Is by approach and word of mouth. Trustees are not remunerated for the workthey carry out forthe charity. Principal address Holy Rosary Parish House Northumberland Street Teams Gateshead Tyne &Wear NE8 2PQ The trustees, report was approved by the Board of Trustees. IAthklGkWg Rev B Howell Tn4Stee 19 November 2024 TriTH TEAMWORK ao INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HTH TEAMWORK CIO I report to the trustees on my examlnalion of the financlal statsrnents of FrtH Teamwork CIO (the charity) for the year ended 31 March 2024. Responslbllltfes and basls of report As the trustees of the charity you are responslble for the preparation of the financlal ststements In accordance wlth the requlrements of the Charltles Att 2011 (the 2011 Attl. I report in respect of my examlnation of the charlty's financial statements carried out under se(tion 145 of the 2011 Act. In carrying out my examination I hève followed all the applicable Directions given by the Charity Comm1551on under 5ertion 14515llbl of the 2011 Act. Independent examlner's stat•nent Your attention i4 drawn to the fact that the charlty ha5 prepared financlal ststements In accordance with AccoLFnting and Reporting by Charlfje5 preparing thelr accounts in accordance with the Financial Reporting Stsndard appllcable in the UK and Republic of Ireland IFRS 1021 In preference to the Accounting and Reporting by Charitie5'. Ststement of Recommended Pracknce Issued on l April 2005 which is referred to In the eX￿t regulations but has now been wlthdrawn. l understand that thls has been done In order for financial statements to provide a true and fair view in accordance wlth General￿ Accepted Accounting Practice effective for reporting periods beginnin8 on or after I January 2015. I have completed my examlnation. I confirm that no matters have come to my attentfon in connection with the examlnation glvln8 me cause to believe that in any material respect: accounting records were not kept In respect of the charlty as required by sectton 130 of the 2011Act: or the financlal statements do not accord wlth those records. or the financSal statements do not compty wtth the appllcable requirements concerning the forrn and content of accounts Set out in the Charitie5 (Accounts and Report51 Regulation5 2008 other than any requirementthat the accounts give a true and falr vlew which 15 not a matter con51dered as part of an Independenl examinatlon. I have no concerns and have come across no other matters in connection with the examination to vthrh attention should be drawn in this report in order to enable a proper undertanding of the financlal ￿aternents to be reached. Stephen Lamb, KA 12 Bessemer Court Howns8111 Industrial Park Knitsley Lane Consett Co Durham DH8 78L Dated: 20 November 2024 ITH TEAMWORK CIO srATEMENT OF FINANCIAL AcnviTIES INCWDIMG INCOME AND EXPENDMJRE ACCOUNT FOR THE YEAR ENDED31 MARCH2024 Unrestrlcted Restrficted funds funds 20Z4 2024 Totsl Lth￿st￿rted Restrfctsd funds fund$ 2023 2023 Total 2024 2023 Income and endowment5 from: Donations and legacie5 Charltsble activtbes Other Income 8,127 8.127 194.197 4,158 30,914 30,914 170,546 3.653 194,197 4,158 170,546 3.653 Totsl In¢ome 198,355 8,127 206,482 174,199 30.914 205.113 Expendltyre on: Charitsble aclivlties Other expenditure 204,670 204,670 185,455 1.430 25.OLh) 210.455 1,430 io Total expendltu 204,670 204.670 186,885 25.CQO 211,885 Net Incomel{expendlture} and m¢)vement In funds 16,31SI ,127 L812 112.6861 5,914 16.772 Rewn¢lllatlon of funds: Fund balances at l April 2023 35.213 5,914 41,127 47,899 47099 FMd balances at 31 March 2024 28,898 14.041 42.939 35,213 5,914 41,127 The statsment of financlal activitie5 includes all gain5 and k)sses recognised in the year. All Income and expenditure derr¥e from ¢ontlnulnB athvltles. HTH TEAMWORK CIO BALANCE SHEEr ASAT31 MARCH2024 2024 2023 Flxed assets Tangible assets 12 579 Current assets Debtors Cash at bank and in hand 14,741 30,698 10.265 32,650 45.439 42,915 Credltors: amounts fallln8 due wlthln oné vear 13,0791 12A691 Net ￿rrent assels 42,360 40,446 Totsl assets less curnent Ikblltle5 42,939 41,127 Net assets excludln8 penslon Ilablllty 42,939 41.127 The funds ofthe charlty Restritted income funds un￿striCted fund5 16 14.041 28.898 5.914 35,213 42,939 4L127 The financial 5tstement5 were approved by the trustees on 19 November 2024 Rev B Howell Trustee TrrrH TEAMWORK CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH2024 Accountlng pollcles Charlty Informatlon HTH Teamwork CIO became a Charitsble IncOr￿rated Organlsation on 2 December 2022. In accordance with appllcable regulation5, these financial statements have been prepared as rf the entlty had always been a charty, including comparatlve figures. Prlor to 2 December 2022 the en￿ty VRS referred to as HTH Tearnwork CIC (Company re8iStratton numF*r 045005041. 1.1 Attouminz ¢onvenllon The financial 5tstements have been prepared In accordance with the charlty's governing documenl, the Chariknes Act 2011 and "Accounting and Reporting by Charlfjes: Ststement of Recommended Practlce applicable to charltles preparln8 their aceounts In accordan￿ with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Ieffective l January 20191" The charlty Is a Public Benefit Entity as defined by FRS 102. The charity ha5 taken advantage of the provisions in the SORP for charitses applying FRS 102 Update Bulletin I not to prepare a Ststement of Cash Flows. The financlal statement5 have departed from the Charftles (Accounts and Reports) Regulations 2008 oniy to the extent required to provide a true and fair view. This departure has Involved following ihe Ststement of Recommended Practice for charthes applyin8 FRS 102 rather than the Ve￿lOn of the Statement ol Recommended practi￿ whlch Is referred to In the ReBulation5 but which has slnce been withdrawn. The financlal statements are prepared In sterlin& whlch Is the funttional currency of the charity. Monetsry amounts in these financlal ststements are rounded to ihe nearest £. L2 Goln8 concern At the time of approving the financlal statements, the trustees have a reasonable expectatlon that the charlty has adequate resources to Continue In Opera￿onal existence for the foreseeable future. Thus the trustees continue to adopt the going concem basls of accounting in preparlng the financial statements. 1.3 Charltable fvnds Unrestricted fund5 are available for use at the dIscre￿on of the tr￿￿eeS In furtheran￿ of thelr charftsble objectives. Restrlcted fvnds are subject to 5pectfic conditions by donors or grantors as to how they may be used. The purposes and uses of the restrlcted funds are set out In the note5 to the financial statements. Endowment funds are sublect to specrfie condition5 by donor5 that the captrtal Must be rnaintained byihe chartty. IA Income Income is recognlsed when the charty Is le8alty entrtled to It after any perfomiance condrttons hwe been met, the amounts can be measured rellably. and It is probable that intt*me will be recelved. HTH TEAMWORK CIO NOTESTO THE HNANCIAL STATEMENTS (CONTINUED) FOR 7HE YEAR EAIDED31 AIARCH2024 Accountln8 polld•s (Contlnued) Cash donation5 are re£ogni5ed on recelpt. Other donations are recognised once the charity has been notshed Df the donation, unless performance cond￿70nS require deferral of the amount. Income tsx recoverable In relation to donations recefved under Grft Aid or deeds of covenant Is recognLsed at the time of the donation. Le8a¢les are ￿CogniSed on receipt or otherwise if the charity has been notified of an Impending distribution, the amount is known, and ￿￿fjpt is expeLted. If the amount Is not known, the legacy is treated as a contingent asset. The value of volunteer help rece5ved is not included in the acwunts but15 very much valued byihe Charty. 1.5 Expendllure Expen(Jlture is rÈtognised once there is a legal or constructive oblityion to transfer economic to a third partyi it is probable thal a transfer of econornlc benefits wlll be requlred in settlement, andthe amount of the obli8afjon can be measured reliably. Expenditure is classlfled by activity. The costs of each actlvlty are made up of the total of dIT￿t costs and shared costs. including support Costs involved in undertaking each activlty. Dlrect costs attribLrtaFle to a single activity are allocated dlrertty to that activlty. Shared costs whlch contribute to more thanone athvity and support costs which are not attrlbutsble to a slngle artlvity are apportioned between th05e actr4itie5 on basis consistent wlth the use of resources. Centr31 staff costs are allocated on the basls of fjme spent. and depreciation charges are allocated on the porknon of the asset S Use. 1.6 Tan8ible fixed a55ets Tangible fixed assets are Inltially measured at cost and subsequentty measured at cost or valuation, net of depreciation and any impalrment losses. Depreciation Is recognised so as to wrlte off the cost or valuation of assets le5S thelr re51dual values over their useful lives on the followlng bases.. Flxtures and flthngs 15% on reduting balance L7 Cash and osh equl¥alents Cash and cash equivalents indude cash In hand, depos￿$ held at call with bank5. Other short-temi liquid investments w￿h original maturtties of three months or less, and bank gverdrafts. Bank overdrafts are shown within borrowlngs In current liabllftie5. rrH TEAMWORK ao NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YE4R ENDED 31 MARCH2024 Ar￿￿￿tIng polldes Icontlnuedl 1.8 Flnandal Instruments The charity has elerted to apply the provisions of Section 11 'Ba51c Flnanclal Instrumenw and Sethon 12 'Other Financlal Instruments Issues, of FR5 102 to all of its financlal Instruments. Flnancial instruments are reco8nised In the chartys balance sheet when the charrty becomes party to the contractual provisions of the instrument. Financial assets and liabilikne5 are offset, with the net amounts presented in the financlal ststements, when there Is a le8ally enforceable rlght to set off the recogni%ed amounts and there Is an intention tosettle on a net basls or to realise the asset and settle the Ilabillty simultsneously. Basl¢Jlnondol o5sets Basic financlal assets, which include debtors and cash and bank balances, are Inltially measured transartion price including transaction costs and are subsequentiy carrled at amortised cost using the effective interest method unless the arrangement constitutes a finandnB transaction. where the transaction is measured at the present value of the futu￿ receipts discounted at a market rate of Interest. Financial assets classthed as receivable whthln one year are not amortised. Boskflnanclalllabllllles Basic financlal liabilitses. inC￿ding Cred￿OrS and bank loans are iniknally recogni5e¢l at transaction prlce unless the arrangement constitutes a financing trnnsaction. where the debt irb5trument1s measured at the present value of the future payments discounted 01 a market rate of interest. Financial Ilablllties classthed as payable wlthln one year are not amorkn5ed. Debt instruments are subsequentty carrled at amortlsed cost, Using the effective Inte￿5t rats method. Trdde credrcors are obligatlons to pay for goods or servlces that have been acquired in the ordin¥y course of operation5 from suppliers. Amounts payable are classlfied as current liabilities rf paymentls due wlthin one year or le55. If not, they are presented as non