Registered Charity No. 233254 HOUSING THE HOMELESS CENTRAL FUND ANNUAL REPORT AND FINANCIAL STATEMENTS 31st MARCH 2025
Housing tho Homalass Central Fund Forth¢ year onded 31 March 2025 CONTENTS Page Referere and Administwative details Trnstees Report Independent Examlnerfs Report statement of Flnanda Activities Balance Sheet Notes to the Financial Statements 10-19
Houslng the Homeles5 Central Ftsnd Trust¢es' Report for the year ended 31 March 2025 Reference and Administrative Details Name of Charity: Housing the Homeles5 Central Fund {HHCF) Reglstsred Charlty No: 233254 Patrons: Professor Lord Peter Hennessy BA PhD Sir Andrew Pamiley PhD Bob Roberts MA MCLIP (Deceased- February 2025) Trustees: Elizabelh Rogula - Chair Keith Bottomley Christopher Hayward Henry Jones MBE Colin J Mason Wendy Mead OBE Ruby Sayed Jeremy Simons OBE Tony Zotti MBE Offlcers: Frankie Salton-cox. Clerk to the Trustees Andrew Fuller, Treasurer Reglstered Address: o Redmayne Bentley LLP Mortimore House. 40 Chatsworth Parad8. Petts Wood BR5 1DE stockbrokers: Redmayne Bentley LLP Mortimore House. 40 Chatsworth Parade. Petts WOLKI BR5 1DE Bankers: Virgin Money (Yorkshire Bank Plc) 177 Bothwell Street. Glasgow G2 7ER Independ8nt Examiner: Matthew B8ther ACA Moore (South) LLP Suite 3. Second Flo. Friary c[( 13-21 High Street Guildford. GU13DG
Houslng the Homeless Central Fund Trustees, Report for tha year ended 31 March 2025 What we do The main aim of the charity is to alleviate povety ty supporting disadvantaged dients who are often isolated and extremelyvulnerdble. In pariicJJlar. we supportthose who are in dangeroflosing their hoffles. those moviw from the street or insltiutions into aco)mmodalion. those (xring for children in impoverished circumstances and those who have wffered some severe personal selbacK' this indudes victims of domestic Violen or relattonship breakdowns, those l&aving the fOrS prison and those wth a history ofdrug or alcohol abuse. Sc*n¢ clients have been long-term rujgh sleepe, many suffering from physical and mental illness. We do this by issuing small grants. an average of approximately £200. mainly for essential household items. this may be a b. a cx)t, some bedding. a cooker, pots and pans. a kellle. a micrtraVe. (XTpeting, fumitu or a fridge. These items are mt only essential trArt can also change an empty Ilat into something more homely. In additionlo acquiring hovsehdd ilemsforcllents, occasionally we give grants for essential clothing and. in eXptional circumstanc6s. for small rent arrears where this would prevent imminent homelessness. The reciprents, who come from a very WKle age range. will have been wovking with. and SUp[rted by. reccgnised Sla1 welfare agenues such as Citizens Advice Bureau. HjSirrfj Associations, Probation SeNice. Women's Welfare Agencies. homeless outreach teams and SOCI SeNIS. all of which have safeguaiding p)licies in place. We do rtol deal directly di8nts but give the grants to the key workers who Su[lse the expendire and provide u5 th receipts. As we are a small operation. wherever possible we aim to respond quickly to applicants.. this can be imwrtant. as dients, needs are freqUenY urgent. The assistan we give is often crucial in ensuring that resetttement is yJ(xe&thl by prOing the foundalB)n for indrviduals to build a better life. MO impcrtanly. it goes someway in preventing the collapse of ¢xre plans arml cat8pulting of individuab into rounds of homelessn and despair. The long-term impact 1$ to improve considerably the than(Es Ihat the dients r&main housed armd, in particular. those who were homeless do not relum lo the streets. In a(klition. the grants can help dEnts regain self- esteem and confidence making it more like that they get the appropriate medic81 Ixre and they remain in (or retum to) work. join traning prcorams or cx)ntlnue dbwpted studies. Structure, Governance and Management The Clerk to the Trustees is employed far two days perweek (spread overthe week) and is responsible for all the charity's activities. The Clerk is managed by a Mmittee of Trustees, as listed in the previous section of this report. and the Chair is available to support the Clerk as and when neSSary. The whole trustee b(xty meet5 three or four times per year. If necessary, 8ddittonal meetings can be called. The Trustees have th8 powerto elect new trustees provided that the total number oftrustees at no time exceeds eleven. The induction of naw Itustees and the continuing development of trustees is tailor8d to each trustee's neIS depending on their knowlethJe and experien of charities aThJ the specific sector within which HHCF works. The Risk Management Policy. the Complaints PoliGy. the Conffict-of-lnterest Policy. the Investment Policy. the Safeguarding Policy and the Data Proteclion Policy are in place and will be reviewed and agreed annually at the AGM. At ev8ry ttee meeling, the HHCF declaratmm of inknsts is brought up as an agenda item and acted upon if necessary. Objectives and ActÉvities Mary Ellison founded the Fund in 1964 when a Trust Deed was established to govem ts operatton of the Fund. The Fund is a regtsteted charity. No: 233254. The objects ofthe Fund as set out in the constitution are dedared lo be: Primarity to assist such Institutions and Foundations registered underthe Charhles Act 1960, and under Ihe Industrial and Provident Societies Act 1983. for providing housing arKI associated amenities for persons of limited means as provided for such persons as are homeless and in particular for such homeless persons as have children below schts)I leaving age orare expecting the birth of children, by financing such insEitutiorks or foundations whether by guarantees. donations or108n5 With or without security.
Housing the Homeless Central Fund Trustegs, Report for Ihe year ended 31 March 2025 Providing housing and associated amenities for persons of jimed means who are homeless and in parttcular for such homeless persons as have children below school4eawng age or ar8 exixting the birth of children. Ta make any donation either in cash or assets thich the Trustees may deem expedient hang regard to the general purposes of the Fund. The Trustees nfi1 that they have referred to the guidance contained in the Charity Commi10nS general guidance on public benefjt when reviewing the Trust's aims and objective5 and in planning future activities and setting Ihe grant making wlicy for the year. The charity fuifils these objects generally by processing appli¢xtions from accredited social care agencies supporting dients in need. hardship and distress in three categories: Thos8 that are in danger of losing their homos or essential seThlces such as ga& el&ctriaty. water. for want of a litde help from a supportive friend 01 agency. Those caring for children in impoverished cirujmstances WFK) need basic essentials suGh as bedslbedding. o)oktng equipmeT¢ vrami clothing and the like. Those who hav8 tsced soma pernonal setback, such as domestic Up3val. a period in prison. mental illness, druwelated problems; and who are being encouraged to start again in a h(Hne of their own and n8ed basic equipment. We offer support to those in desperatè need a1 seek not to be judgementsl but to be MpaSSIOnale and helpful. Our dients indude". Young people c(Mnlng out of care Elderly people wilhoul family or friends or whose saving5 are exhausted Victims of domestic threats and violence Acohol and Drug-abusers on rehabilitation courses Ex-offenders Victiins of theft and fire Working people on very low Incomes but who fall into the poverty trap Clients being supported by Wictim Support Schemes Single parent households Parents and children facrng the disaster of divor proceedings The Fund is (wganised in suth a way as to avoid heavy administrative costs- the charity has just one part time employee and has no premis8s to maintain. The charity aims to have all administrative costs. including salary, met by investment Inco. the objedive is to enable all grants and donations made to us to go directly lo those in need. Investrn&nts held by the charity havo been acqulred in accordan with the power6 avadable to the Trustees. Equality and Diversity The primary functlon of the charity is the distribution of small individual grants. mainty for essential household items. to IMVeriShed families and individuals via trusted agencAe5. Allocation of the grants is solely delermined by need- vle alloc8te to families and individuals regardless of theirability. disabilty. health. age, gender. ethnicity. race or LX)tour, religion. sexual orientation or status. Public Benefit The Trustees have. thrcAJghout Ihe year. paid du8 regard to the Charrty COMMISOn'$ guidance on Public Benefrt. The charivs activities benefft the public by helping meet the needs of the homeless
Houslng the Homeless Cantral Fund Trustees, Report for the year ended 31 March 2025 and those in danger of losing their homes. All grants made during the year have been made In furtherance of our principle aim of suppyting such people. Achievements and Perforniance We have continued issuing small grants for which social care agencies appty on behalf of individuals for funding essential househdd items. We aim to resF#)nd quickly al 8 tirne when a litt18 extra financial help is vital. We hear that occasionally hom8less people with few belongings are ask8d to lake up occupan¢y of a¢¢ommLxJalion at very Short notice and they do not ev6n have basic items such as a bed. col. bedding. pots and pans, etc. Our 5tnall grants. usually betsyeen £100 and £300, can make a world of dirtfjrence and. indeed, can transfonn an ompty flat or bedstt into a home at a critical tirne. The signtficant impact our small grants can have, is illustraled by the comment made by one of our rtkajor donDrswho. afterrecgiving a detsiled report on howth8ir gr3nl was dislributed, observed that.latIvely mod8& are able, in some cases, lo totally transfonn an idIVUals lrfe and. ITn all ca$8s, make a consideT8ble derence to thrImg conditiong,. In the o)ntinuing very difficult financial dimate, where access to put[C [1$ is nN)re difficult than it used to be. the small grants given by Housing the Homeless Central Fund are perhaps even more important than in the past. In particular. the cuffent cost of living crisis Ixjntinues lo affect our Clients. as they are particularty vulnerable to increases in energy. fc¥xJ and accommodation price5. As a consequence of this and the continued Incwse in homelessness. we expect there will be an increase in applrcations to us thks year. We continue to apply to larger organisations for funds to support us. In addition, some charities to whom we apply tell us that they have had increase in demand for suppotl. thus making it more thffi¢ult for us. The Trustees havg noted that, akhough our njnning (x)sts are very low. the chanty was not qulle able to lfIl its stated objective of investTrt income Ixivering all operational (x)sts atthough the shortfall was only slighly higher than the previous year {see Financial Revsew). Fundraising A vartety olfundraising gvents took place during the year. all organIsj by the Clerk. In partiujlar. there were two succe55ful raffles which raised beiween them £1,772. a gin-tasting event, a talk on herbs, a sale of (lonated bags. gloves and scarves, an aftemoon tea event. a txrry and film night. and various other a¢hvities. The total raised from furKlraising events was £3,82112023124: £5,010)18ss direGt costs of £7512023124: £320) givirwJ nel incotne of£3.74612023124: £4,690) fore the allocation of support costs under SORP IFRS 102) Se(x)nd Edition. Plans for Future Periods Despite the difficltIeS brotNJht al)out by global infiuences tcgether th the cOstf-r1vIng crisis and in(xeased fOJ, energy and accommodation poverty. we have been able to contittue to give our usual support. As last year, this has n$$itated more communi¢xtion between our Clerk and the agencies we support. The key mmponent of our annual Flan is. as always, Ing funds whh Inthdes applications to grant gimng 2genci8s and the small fund-raising events arrangeil by the clerk. However. given the huge uncertainty which is the very nature of current finanual dimate, Ft rnakes it imFwible to know in advancÉ how many dients we will be ableto r8spond to typrovtding a grant. However. we endeavour to give wts to ever who applies aTKJ rneets our criteria. alber( fora redu(%d aM(tt rfwrfunds are low. We continue to aim to have our operational (x)sts covered ty Investment in(x)rne so that all rrK)ney raised Irom other sources. can go to those in need. However. this wll continue to be chall8nging. The pwity for 2025r26 and. we may safely say for fulur8 years, wtll be to intensfy our efforts to raise sufficientknds, mainlyfrom Trusts & Fwndations. to help people who desperately need our suppcrt. The
Houslng the Homeless Central Fund Trustees, Report for th8 y8ar ended 31 March 2025 Clerk will endeaVO to in(se the number of applicaltons made lo larger charities and will continue to organise a variety of small fundraising events. In addFtK)n. the recruitment of rrore indivKJJal donors unthr the GiftAld scheme remains a priority. The Clerf(will continue to have directcontsctwith the agenctes applwng to us. This has a Iwo-fdd benefitr it enables us lo get to know the agenctes and enables the agencies to tetter understand our operations. It encourages further applications to the charty. Wherever possi0. the clerfK wll also continue to have dired contact with the organisations that make donations to us. Again. there is a two-fold benerrt. it makes us tter known lo them and reinforces our continuing need for funds. Financial Review The diarity ended the year with a surplus on operatlons, befe net realisedlunrealised gainsl(losses) on investments, of £15.103 (2023124: £(865)). Total income from donations exceeded that in 2023124. although this in¢ludes a &year grant of£30.000 of whh onty the first yearfs instalment (<£10,000 has been received. These figures include restric*ed donations of £6,650 (2023124: £21.500} armj incurred restricted expenditure of £9.334 (2023124.. £17,450}. The restricted fund ended the year with a balan<x of £3.641 12023r24: £6.325). Totd ino)me was £103.098 (2023124.. £96,336), representing an in(Trase of 7% on 2023124 This compares very favourably with average total income ovw the last 5 years which is £83.175. Donations from Trnsts. Foundations and individuals increased by £7.307 to £82.036 12023124: £74.729). Average income from Trusts, Foundations and individuals over the past 5 years has been £61.18612023124: £62.586). Dividertd Income from lÈsted investments interesL inmsed by £644 to £17.241 (2023124.. £16.597) which held to cover nN)re ofthe charitys adminislrative costs. Proceeds from fundraising events held during the year were 240A lower than the amount raised the previ$ year. Tho total raised was £3.821 12023124: £5.010). DonattDns made under the Gift Aid scheme of£785 (2023124." £2,319) arKI the tax claimed back from HMRC are included as Donations. The totsl value of grants awarded amounted to £67.365 (2023124.. £76.994). a decrease of £9,629. Income froTn investments did not cover the charity's operath)nal costs. which is the trustees. slated objective. Operational costs (exduding grants awarded) were £20.555 {2023124: £19.885). whilst Income from investments and bank interest was £17.241 {2023124.' £16.5971- a slightly higher shortfall than the previous year of£3.314 (2023r24: £3.288). The shortFall is covered by income from fundraising ev8nts of £3.821. By the year-end, as a result of net realised and unrealised losses on investrnents of £(6,266) (2023124.. £3,102) and an exSS of in(x)me over expenditure. the chariws total funds have iniTeased by £8.837 (2023r24: £2.237) from £399.846 to £408.683. During the year. trustees decided to realign the designated fund so that the cary forward b81anc8 reflects the valuation of the investments (cash and amounts held in investrnents) at each year-end. A Reserve fund was also estabh'shed which would be adjusted annually to wneet the requirements of the tfustees Reserves Policy. The charity's investrnent portfolio returne(l just over 3% in the year to the er of April versus the benchmark ofjustover 2.5% It provided an income ofjustover £16.5C(l and yields c.4.60A. The Charity's Investment advisors believe a 30Yo all(tiOn towards red interest is suilable given the trustees requirement for both capital pres6Nation and income. The IrMe Irom the lixed Interest part of the portfolio is complemented by inwrne from divtdends from the c.42.5% allocation towards equities in the portfolio as well as iThxbme from prortY {c.7.5Wo of the portfolio) and dtematives (rrtoslly infrastructure - c.14% 01 the wrtfolio). The rnaty of the charity's assets. 94% as measured by market valu8 as at 31 March 2025 {93% as at 31 March 2024). are represented by listed investments and subject to stock marf(et fluc3110ns.
Housing the Homeless Central Fund Trustees, Report for the year ended 31 March 2025 Reserves Policy We confirm that the reserves policy of Housing the Fk)meless Central Fund is to invest all legacles and speiifiG gifts of shares as a designated capital fvnd, the income from whtch is to be used for management and a(fministration purposes. The truste8's Reserves Policy is to keep a minimum of 4 months essential administration expenditure in general frjnds. Four ThKJnths arrtirypated expenditwe for 2025126 in general funds equates to £7,032. This can be seen in the newly Created Reserves ftjnd. If ne(xssary. free r8serv8s in Ihe designated General frjnd and Invesbment fu can be called upon to meet vital expenditure. Trustees. Responsibilities in Relation to the Financial Statements The charity trustees a responsft)le for preparing a trustees. annual rel1 and financtal statements in accordan th ap1¢able law and United Kingdom Accounting Standards (United Kingdom Generally Acc&pted Accountlng Pract[). The law applicable to thaiities in England and Wales requires the charity trustees to prepate financial statements for each year which give a Irue and fair vievi of the state of affairs of the charity and of the incoming resour(Es and application of resour(5, of the charity for that period. In preparing the financial StsteThnts, the trustees are required to". sth¢t Suitab a(uunling polldes and then applythem (xIStenty, observe the melhodsand PrinpIeS in the applicabfe Chariknes SORP (FRS1021-Se¢ond Edition: make judgements and estimates that are reasonatAe aNI prudert state whether applble accounting standards have been follow&l. subject to any material departures that rrt b¢ disdosed and exed in the fin8nc4d staternents: prepare the finanaal statements on the going Cor basis it is inappropriate to presurre that the charity will a)ntinue in business. The trustees are reswnstble for keeping proper accounting records that disdose with reasonable accuracy at any time the ffinancigl positn of the charity and to enable them to ensure that the financial slalements Comply the Charities Act 2011. Ihe Chariti8s (Atxx)unts and Reports) RUlationS 2008. and the provisions ofihe Trust Deed. TIw8re also resryjnsible forsafeguardiro the assets of the charity and takitw reasonable steps for the preventron and detedton of fraud and other irregulabeS. Th8 trustees are resnble for th8 maintenance and irtegrify of the chanty arKJ financial information induded on the Charity Commission's website in ac(x)rdance wilh legtslation in the Uniteil Kingdom governitvJ the preparation and dissemwwlTon ofthe financial statements. Ap by the truste&s and signed on their behalf by: Ellzab&th Rogula Chalr
Hou51ng the Homeless Central Fund Independent Examlnerfs Report to the Trustses of Houslng thg Homeless Central Fund For the year ended 31 March 2025 I report to the Charity trustees on rw examination of the acix)unts of the charity for the year ended 31 March 2025 which are set out on page$ 8 to 19. Responslbllltles and basls of report As the charilys trustees you are reswnslble forthe preparation ofthe ac£ounts in a(rAirdance with the requirements of the Charilies Act 2011 (Ihe Act.). I rgport respect of rny examination of the charitys accowts carried out under $eGtion 145 of Ihe Act and in ¢aTrying out my examinaliDn I have followed all the app1[ble Directions given by the Charity Commission under section 145(5)(b} of the Act. Independent examlner's statement I have completed my examination. I confirm that no material matters have come to my attenlton in onnection with the examination givTng me cause to believe that in any material respect.. accounting reu)rds were not kept in respect of the charity as required by section 130 of the Act" the accounts do not accord with those records: or the accounts do not MplY the applicable requirements ¢OfKeming the fom a% content of ac(x)unts set out in th6 Charrfies (Accounts and Reports) Regulations 2008 other than any requirement that the ac¢ounts give a 'true and fair view. which is not a matter considered as part of an independent examination. I have no ConrS and have come across no other matters in connection wlth th6 examination lo whbch attention should be drawn in this report in orderlo enable a proper understanding ofthe accounts lo be reached. MLJJL Matthew Bather ACA Moore (South) LLP Chartered Accountants Suite 3, Second Floor Friary Court 13-21 High Street Guildford GU1 3DG
Housing the Homeless Central Fund statement of Flnanclal Actmtles {Includlng Income & Expendlture Account) For thg year ende(131st March 2025 Unrestrlcted Restricted Funds Funds 2025 2025 Total 2025 Total 2024 Note Incomlng R050urce5 From Donations and legacies Other trading activities Investment8 75,386 3,821 17,241 6.650 82.036 3.821 17.241 74,729 5,010 16,597 Total Incoming Resources 96.448 6.650 103,098 96.336 Resources Expended On Raising funds Charitable activtties Other 9,835 64.188 4.638 9.835 73,522 4.638 9.506 83.135 4.560 9.334 78.661 9.334 87,995 97,201 Total 17.787 (2,684) 15.103 (865) Net realised l unrealised gains J {k)sses) on investments 11 (6.266) (6.266) 3.102 Net In¢orring resources for the year 11.521 (2,6841 8.837 2,237 Net Movement in Funds 11.521 (2.684) 8,837 2,237 Reconclllatlon of Fund$ Fund balances brought forward 393.521 6.325 399.846 397.609 Fund Balances Carried Fonyard 15 405,042 3.641 408.683 399,848 The notes on pages 10- 19 f(*m part of these financtal statements.
Houslng the Homeless Central Fund Balance Shoet as at 31st March 2025 Noto 24 Flxed Assets Investrnents 11 367.256 372,207 Current Assets Deblors Cash at bank and in haThJ 12 21.995 21.670 2.094 27.705 43.665 29.799 Llabllltles, amounts falllng due wfthln one year 13 {2.238) (2.160) Net Current Assets 41,427 27,639 Net Assots 408,683 399.846 Funds 15 General funds Designated Investments Unrestricted R9serves Restricted funds 24.443 373.567 7.032 3.641 449 383.108 9.964 6.325 408,683 399,846 The financtal Staterrnts were approved by the Trustees on.. ELIZABETH ROGULA Chalr The notes on pages 10- 19 fomi part of these finanGial statements.
Houslng the Homeless Central Fund Noles to the Financial Statements For the year ended 31 March 2025 A¢¢ounting Policies Charfrty Status The charity is govemed by a Trust Deed complèted on 31 January 1964. and amerKJed 1 October 2006. Tho charity was registered with th& Charity Commission on 4 March 1964, registered number 233254. The address ofthe registered office Is given in the Reference and Administralive Details given on page 1 of these financlal statements. The charity ccs11iuteS a public benefit as defined ty FRS102. The nature of the chafitYs operations and principal activities És to aHeMate poverty by sUpplng dients who are disadvantaged. isolated and vulnerable, ID particular. those moving from the streets or institutions into housirvJ" those who are in danger of losing their homes" those caring for children in impoverished cirCunlans. and those who have suffered s(ffie severe persona] setback. Basls of Preparatlon The financial statements have been prepared in accordance with Accounting and Reporting by Charilies.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applirable in the UK and Republic of Ireland {FRS102) Second Edition. the Financial Reporting Standard 2PFAicable in the United lthngdom and Republic of Ireland {FRS102). the Charities Act 2011. Secl¥m 1A. The financial stalemerts are epad on a going concern basis under the historical cost convention modified to include certain iterns at fair value. The financial stalefflenls are prepared in sterfing which is Ihe functtonal rajrrency. and have b8en rounded to the nearest wund. Income Recognltlon Atl incoming resources are itKluded in the Statement of Finanal Activities (SOFA) when the charity is legally enttued to the income. the amount can be reliabty measured and it is probable thal the income will be rewed. Dortations and other fom of voluntary income are recognised when r1Vable by the chaTity. Income receNablefrom fundraisirtg events is reccgnised when the event has taken pla. orthere is no recourse of the amount paid. amounts received in adan are induded vAthin deferred income. Gift ard is recognised in Ihe Per the donation it relates to was received. Investment norn8 1$ recognised in the period charity is entitled to receipt. Expendlture Recognition l expenditure is acfAMJnted for on an accruals basis and is indusive of irrecoverable VAT. Expenditure is recogni5ed where there is a legal or rA)nstrudive obligation to make payments to third parties. rt is probable that the settlementwill be required and the obligation can bo measured reliabFy- Expenditure on raisirKJ funds includes investment managerfs lees relating to the management of the investment portfolio. 10
Houslng the Homele55 Central Fund Notes to the Financial Staternents For the year endEd 31 March 2025 Accountlng Poll¢ies {¢ontinugd} Expendtture Recognitlon {contlnuedl Expenditure on charitable activities includes grants with relevant support costs s$ gDveman costs. Grants are charged in the year they are approved for paynrt. No grants are deferTed. Other expenditure includes all expenditure that Is nelther relatsd to raising funds for the ¢h8Tity nor part of Its expenditure on chatitable activtties. Allo¢ation of Support Costs Support costs are those functions that assistthe work ofthe charity. but do not directy undertake charitable acttvities. Support costs include salaries and adwninistrative 8xp8nses. These costs have been allocated behve8n cost of raising funds and charitable activities. The bases on which support costs have been allocated are set out in note 8. Investments Inveslm8nts are re(xJgnlsed Inltiallyat costwhich is normallythetransaction price less transactlon costs. Subsequenuy they are rroasured at mi¢knrket value wth changes recognised as net realised or unrealised gains or losses on investments in the SOF Debtors Debtors are rw(kd at setU&ment amount due after any trade d1SUnts. Cash at Bankand in Hand Cash at bank and in hand indudes cash and short temi highly liquid investments with short maturity of three months or less from the date of acquisition or opening of the deposit or simit account. Credltors Creditors are recognised when the charity has a present obligalron resulting from past events aThJ can be measured or estimated reliabty. Creditors are recognised at their settlement amounts. Financlal Instruments The twst only has financial assets and financtal fiabilitieg of a kind that qualrfy as basic ffnanclal instruments. Basic financkal instruments are inttially recognised at tsansaction value and subs4uently measured at their setuement Vae. Funds Unrestrictgd reseNes are funds that can be used in accordan vlth the charitabl6 objects at the discretion of Ihe Ttustees. Designated reserves comprise of unrestri¢led reserves which have been set aside at the discretion of the trustees, to be hetd as investments. The income derfved is used to cover the tharity's administrative costs arKI the balance foi ¢hariÉable purposes. Restricted funds are funds that can only be use(1 for particular restricted purposes within the objects of the charity. Restrictions arise when spectfied by the donor or wn funds are raised for partlcular restricted PUfFMises. 11
Hou51ng the Homeless Central Fund Notas to the Financlal Staternents For the year ended 31 March 2025 A¢countlng Pollcles (contlnued Judgements and Key Sources of Esllmatlon Uncarialnty In the application of the chatitablo companrfs acUtirj poltd85, tho Trustees are required to akejudgem8nts, 8Sttmates and assumptlons al)out the nYing amount of a&8ets and Ilabilities that are not readlty apparentfrom oth8r Sour$. The eslimatès and associated assumptions are based on historical expertence and olherfao*orsthat are ujnsideredto be relevant Aclual results rnay differfrom these e5titnates. The estimates undertying assumptlons are reviewed on ongoing basis. Ravisions to accounting estimates are remgnis8d In the period which the estimate is revtS8d where the revision affects onty that period. or in the poriod of the revish)n and fiJlure padods where Ihe rgvision affects both ujrrent and fuiur8 p8riThts. ThBre are no eslimates to note that affèct thtsg accounts. Donallons and Legaclgs Unrostrlcted Re5tr1cted Funds Funds 2025 2025 Total 2025 Total 2024 Donations 75.386 82.036 74,729 In 2024 there w8r8 restsicted donations of £4.650. During th8 year the charlty receÉvgJ 8 3-year grant corw¥nilment worth in lolal £30.000. A5 there were no performance condittons attached. th9 full amount ha8 been taken as income, with thirds accwed over the following tsvo years. Other trading actlvltles Funds 2025 Fund5 2025 Totsl 2025 Total 2024 Fundraising inc9 3.821 3.821 5,010 In 2024 there was no restricted fundr81n9 in(x)me. Inve8lment Income Unrestrlcted Restrlcted Funds Funds 2025 2025 Total 2025 Total 2024 t)Svldends and Interest Helpcard income 17,070 171 17,070 171 16,388 209 17,241 17.241 16.597 In 2024 th8re was no r88trictgd investment income. 12
Houslng tho Homeless Central Fund Notos to tho Flnancial Ststements Forth8 ygar ond8d 31 March 2025 Raising Funds Unr9$trlcted Restrlcted Funds Funds 2025 2025 Total 2025 Total 2024 Investment maTJagerfs fee Support costs (Note 8) Fundraising costs 3.604 6.156 75 6.156 75 6,140 320 9.835 9.835 9,506 In 2024 there were no restrfcted fundralsing o)sts. Charltable A¢ttvitios Unrestrlctgd R8strlcted Funds Funds 2025 2025 Total 2025 Total 2024 Grants to Inslilutions (Note 9) Support costs (Note 8) 58,031 6.157 9.334 67.365 6,157 76,994 6,141 64.188 73.522 83.135 In 2024 th6ro were restrict8d grants paid lo institutions totalling £7,334. othor Costs Unrestrlcted Restrl¢ted Funds Funds 2025 2025 Total 2025 Total 2024 Independent Examinerfs fee Honorarium 1,638 3,000 1.638 3.000 1,560 3,000 4,638 4.638 4,560 In 2024 there were Tr) restricted other costs. These other (¥Jsts represent the governance costs of the charity. Support Costs Ralslng Charltable Funds Actfvities Basss of Total Allo¢atlon Salartes Administrative 5.995 5.995 11.990 Tlme spent 323 Tirne spent 12,313 6.156 6.157 13
Houslng the Homeless Central Fund Notes to the Flnancial Statsments For the year ended 31 March 2025 Grants to Institutlons 2025 Andover Crisis Support Centre Aster Centra Point Citizens AdM(x Halton Cty of London Clarion Housing Going Foard Forward Trust Glass Door Homeless Charity HMPPS Kairos Community Trust Live West Homes Limited LLAMAU London Borough of Bexley NACRO National Probation Service New Connections Newman Youth Communty NOMS Action Probation Service One YMCA P3 Charity People Potential Possibiltt¢es Probation Service Folkestone Self Help HA SHAP Ltd Single Homeless Project St Michael's Fellowship St Mungo's Thames Reath The Clink Charity The Conneth"on at st Marttns TVBC Two S8ints 1,257 400 450 1,751 2,104 2,778 300 300 500 600 5.800 2.590 2.380 200 250 200 1,858 200 200 300 200 1,500 650 400 11,107 2.850 6,805 18.967 877 300 700 Grants made in year 68.974 Grants written back in year Grants written back re 2023124 (5701 {1.0391 67.365 Please note that the ar)Unt specified above against each agency Is the aggregate of a number of individual grants which ar8, on average. approxunately £200. 14
Hou51ng the Homele55 Central Fund Notes to the Financlal Statements Forthe year ended 31 March 2025 14. Deferred Income 2025 2024 Doferred inwme bl Uknlised in the year D&ferred income in year 302 1302) Deferred inGQFne clfwd 15. Funds Openlng In¢ome Balance Expenditure Reallsedl Tran5f6r Unreallsed Losses Closlng Balance G8ngral .448 178,661) 6.207 24,443 Deslgnated Gift of Share8 Legacies & In MemoTiam Investments Reserves 259.940 (6.266) (253.674) 133.132 {133,132) 373,567 7,032 373,567 7.032 393,072 (6.266) (6.207) 380,599 Total Unrestricted 393.521 96.448 (78.661) (6.266) 405.042 Rostrlcted 6.325 6.650 19.334) 3,641 Total Funds 399.846 103.098 {87.995) (6.2661 408.683 InvestTnents are comprised of funds Invested in Ihe stock market (see Note 11) and uninvested cash held by the Investment Manager. At the end of each year. the balance of this fund will be amended so the Garry fowdrd balance refiects the valuatton ofthe investments (cash and amounts held in investrnents}. The Reserves fvnd complies with the charty's ReseNes Policy. 17
Houslng the Homeless Central Fund Notes to the Flnanclal Statements For thg year ended 31 March 2025 1& Analysls of Net Assets between Funds IconL) Analysls of Net Assets between Funds for the year ended 31 March 2024 other Assets Inv85tments Total R¢strtcted Funds 6,325 6.325 Unre$trl¢t¢d Funds General fund Gift of shares Legacies and In Memodam Fund 449 20.865 449 259,940 133,132 239.075 133.132 Total Unrestdcted 372.207 21,314 393.521 Total Funds 372,207 27.639 399,846 Related Party Transa¢tions 1 Trustee (2024- 1) made donations during the year tolalling £500 {2024- £500). 19