Company R•gistratlon No. 1238563 Reports & Unaudited Financial Statements For tho y¥ar ènded 31 March 2023 Help the Homeless Contents Report of ihe Trusteej Report of the IndepeTrdenl Exmmintr Statement of Fin8nei#l Activilies Balance Sheel Nole8 to Iht Fln¥n¢iwl Statemtnly 9-14 Help the Homeless ILlmlt•d by Guaranto• No. 1238563) (R•gl8iwod Charlty No. 271988) Charlty information Presidcnt The Rt. Rev. and Rt. Hon Rowun Williams Trustecs Terry Rogers Esq OBE (Chair) Eamon P McGoldrick (Vice-chair) Terence Kenny (Hon. Treasurer) Stuart Holmes MVO Tra¢ey Lees (appointed I l July 2022) Secretary Kate Priest Registered offic¢ 88 Gordon Road Shorcham-by.S¢8 BN43 6WE Bankers Barclays Bank PLC Bu5incss Banking PO Box 6539 Leicester LE87 2BB Independent examiner Nicola Wakefield Mazars LLP 6 Sutton Plaza Sutton Court Road Sutton Surrey SMI 4FS Investment managers Charlcs Stanley & Co 2 We51over Road Bournemouth BHI 2BY Help the Homeless (Limlted by Guarantee No. 1238563) (Regislefed Charity No. 271988) Report of the Trustees The trustee5 present th¢ir report and the tinunlial siaiemenis for the year ended 31 March 2023. whiLh have been prepared in accordanLL' with the Coiiipanies A¢1 2006, Sialemcnt of Rceominended PrÉlCti¢e, Accountin8 and Reporting by Chaiities Icharilies.SOKI) 20191 FR,S 102)). issued by tlie Charity Commission dnd appliLable UK aecounting slundards. STRIICTIIRE, GOVERNANC.E AND MANAGEMENT Inlroduction to Help the Homtle5J Help the Homele.%% wu.s found¢d in 1975 with ihe prinLipal aim 01. .4UP5X)rting the cmre and trenlmeni nl. Ihe hoiiiele8s. Humcl¢%%nc%% ig a complex prublem wilh Inany Lauscs inLluding ill-health, 4ub4tuiiLe ubu.%e, fyiiiily biE#kdown and inv¢)Ivcin¥nl with the criniiiiul juili¢e ¥y%teni. HcJmelt%%ncs% ].% Iiol Cl)iilined to 'rough 81eeping it cun lll'feci u whole ran¥)e ol. people ftnd fiimiliL8 who laLk %ecure ii¢commndiiiinn. Help the Homelcs.s 8UPtK)rls ho.%lel.s, drop-in centrcs iiiid gyra.%41'001% chai'ilie.% with capital grants of up lo £5,U(K) dnd, OLfii%ionally, l¢irgei' uniuunl%. Fuiidiny is dislribulLd 10 Pl'lljLLtN whi¢'h lielp Iii)niclLN.41)cople reiuyn 10 iheir comiyJunilie% #nd builil healthy. independeni live8. (Jovernlng Documenl The charity 15 a Lharilablc company liiniled by guarantee dnd is governed by its mcmoranduiii and articles of SSOCiiilion. 11 Is regiytered Lhli rity with Ihe Charily ('.oinmi.%4ii)n. AppolTr¢mtnl of I'ruslees Trustee% arc appoirtled by Ihe Board and serve for Ilircc y¢ars aller which they #re Lligiblc for re-appoinli)ienl. In the case ol. ull upiioinlmenl8 the Board look.% al Ihl skills needed within the Board. logcthLr with the pcrsvnal ¢£)mpel¢nc¢ and local availubilily ol. prospective Trustees. Truslees The trubleL's 5L.l out below have held office duri11g the whole or paTI of the period Irom l April 2022 10 Ihe dale of this reporl. T¢rry Rogers Lsq OBL {Chair) E amon P McGoldriLk (Vice-chair) TerL'nce Kenny (Hon. Treasurer) Stuart Holmes MVO TrKILey Lees {appointed I l July 2022) Trustees, Inductioth and trainlng 'Ih¢ induction process tor any newly appoinled Trustees compris¢s an initial meeting with the Chairman. followed by a meeting willi all existing I'ruslees. Upon appointment Ih¢y receive copies of the last two years, annual report and accounls. Copies of ihe Board Minuics for Ihc preeeding two years logetlier with a copy of the chaiity's Memorandum and Article5 of Association. 'fhey ar¢ also brief¢d by Ihc charity's Sccrctary. Help the Homeless ILlmlted by Guarantee No. 1238563 {Rggister8d Charlty No. 271988) Report of the Trustees (continued) OrR#nislltion The TTuslees approve all grants throughout ihe year and meet quarteTly The day lo day admin151ration ot'thc charity, irKluding the processing of g>riiiil applications. is Lurried out by the Secretary. The charity is a member of the Association of Charitable foundations. Relxltd pfirlies Details of relalcd purtlC5 aTe given in note 15 to th¢ financial slalemenls, Risk mAnAgtment Major risks facin8 the charity arc re8ularly consid¢red and appropTialc procedures ar¢ in plac¢ lo mitigiile the exwsure lo these risks. A comprehensive ri%k as¥L'$sm¢nl Is utrflaled and Teviewed by th¥ Trustee5 annually. OBJECTIVES AND ACYIVATIES The charilable objcLlives. for which Help Ihe Homelesy is incorporated. are as set out in th¢ Memorundum and Arliclos of Association. These continue lo be Ihe raising ui)d dislribulion ol'funds for Ihe reliel'or homelessn¢ss ihrough ¢harilie5 OPCTaiing in this field, in particular Inakin8 grants of up to £5.000 and. occasionally larger grants. lo voluntary (Irgdnisations lor ilcms ol'capilal expendilur¢ directly related ti) the provi¥ion ol-housing and care lor hoin¢les5 pvople. GRANT MAKING POLICY The policy for grant making is Ihe relief of homel¢ssness ihTou8h charilies operatin8 in the field of hoinelessness. INVF.STMF,NT POLICY The Iloard of Trustee.4 confirm Ihlll all inv¢8lment8 held by th¢ Chariiy hove been acquired in o¢cordance wilh the powerb uv4ilable to Ihem. The Board hold investment% for the purpo.ses of generatinbF income for hurilabl¢ expenditure. All of th¢ Charity's asse15 are available and adequate lo fulfil the obligalions ot. the Charity. The B()ard regulurly review.% ILS policie% and proccdures on inveslmen(s. To provide a high. bul ￿411￿tIc, level of income from a balance of p)oled funds invested in fixed interest, UK and overlie#% equitie% and cdsh. The p(Trnfolio should ulways mmintain An overall relatively low to medium risk profile. The Tru%tees are averse tn capilul losse.s but llccepl thAt, particularly where seeking POici)tial capital appreciotion or relatively high income, this may involve soffle risk io capital. Help the Homeless (Limitgd by Guarantee No. 1238563 (Reglstered Charlty No. 271988) Report of the Trustees {continued) ACHIEVEMEwfs AND PF.RFORMANCE The nel movement in funds of the charity for the year and the slate ot'the charity's affairs are set out in the financial slalenienls on pages 9 10 14. Delails ot gain￿(lOsSeS) on the revaluation of the charily's fixed asset investments ar¢ shown in thc Sialement of14 inan¢ial Activities. Boih Ihe level of operation8 (Ind the year end financial position werL 5aliyta¢tory. Ai Ihc timc ol'wrilin8 the Charity has suffic'ient cash balanccs lo mecl any short-lerm liabilitie5. Wilh thi5 in mind we held rcserve5 01.£1.254,167 {2022.. £1,338,596) Our largel reserves policy 1% lo produce an annual income ol. approximttlely £50.000 in today's terms with growth in ex¢es3 of inflaiion. PIIBLIC BENEFIT The Trustees have, throughout the year, paid due r¢gard lo the charity Commission'.5 8uidance on Public Benefil. The charity's activities benefit Ihe public in thul any charitable organisaiion helping the needy Df homeless people ii) the United Kin8dom is eligible lo apply for kt capital expenditure grant and all grants made during Ihe year have been in turtheran¢¢ of our principal aiin which 15 lo Lx of assi5trdnce lo hoincless people. STATEMEIYT OF TRIISTEF.S' RF.SPONSIBILI"fikS Cvmpany law requirL's th¢ Iru51¢¢s (who are also ihe Direclors lor the purpoK L)f Company Law) lo prLpare rinanLial yluteinLnls for caLh finanLial year which give a Irue and lair view of the slate of aflaiis ol'ihc charity llnd of the surplus or deficit of the charity for that period. In preparing those tinartcial statements, the trusi¢e.5 are Tequircd to.. sele¢l 5uilabl¢ ac¢ounting policies fjind ili¢n apply Ih¢in consistently. make judgements aiid estimates ihal are reasonable and PTud¢nl' comply with applicablc (Iccounlin8 5tandard5 subject to any material d¢partur¢s disclosed and explained In ihe tinancial slatem¢nls: and prepare the financial statements on th¢ going ¢onccrn basis unless il 15 inappropriate lo pr¢sumc Ihal the charity will continue in business. The tru51ees 8re responsible for mainlaining proper accounling reLords which diyclosL with reasonable accuracy al any time IhL' finunL'ial po.%ition of the charity and to enable them lo ensure that the financial 51atemenls comply with the Companies Ari 20116. 1.hey are also responsible for safeguarding the assets of th ¢h¢irity and hence for taking r¢(wnablL Steps tor the prevention and detection ol'traud and other irregularities. FUTURE PLANS The charity aims to distribute ils income in the all¢viation of the problems of homel¢55n¢s5 The Irusle¢s ￿ek lo m**Notes**
£
**Fixed assets**
Investments
**10**
1,217,612
**Current assets**
Debtors
**11**
Cash at bank and in hand
71,020
71,020
**Creditors: Amounts fling due**
**within one year**
**12**
(34,465)
Net curent assets
36,555
**Net assets**
1,254,167
**Funds**
Unrestricted general fund
**14**
1,254,167|**2022**
£
1,253,439
1,907
110,656
112,563
(27,149)
85,414
1,338,853
1,338,853| |---|---| For the financial year in question the company was.entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. The notes on pages 9 to 14 form part of these financial statements. Approved by the Board on[1J ][/.!�][. ][(.:�) ] and signed on its behalf by: **----- Start of picture text -----**
... ... ... ... ... ... ... ... .. .. Q ... ... . . . ... ... . . . .
Terence Kenny, 1-1 . ifreasurer
��
**----- End of picture text -----**
8 Help the Homeless ILimlted by Guarantee No. 1238563 (Reglstered Charity No. 271988) Notes to the financial statements For the year ended 31 March 2023 Actounilng poll¢les Bxyls of *¢iounting The financial slalemenls are prepared under the historical cosi eonvenlion. as modificd by ihe revaluation ofinveslmen15. and in accordance the Companie5 Act 2006, the .8ialcment of Recommended Pracli¢e A¢counlin8 applicable lo charities preparin8 their accounts in accordance wilh the Financial Reporting Standard Applicable in the UK and Republic of Ireland {FRS 102}- ICh&rili¢s SORP IFRS 102)), Flelp the Homeless n)eets the definition ora public benefii enlily under FRS 102. Thy Irusie¢s eonsid¢r that the charity has ydequale resources available lo fund the activities for the foresee@ble luture. Thc I rustLes are ofihe view thul the churity remains a g(iing Loncerrt. Income All income is recogniscd whLrL IhLrc is enliilemcnl. Probability uf reL'eipl. and the amount can be m¢a$ured with sulricienl reliability. The following specific rK)licies are applied lo particular categories of income.. a) Voluntary income is rcccivcd by way of donnlions and Ic8uLies and is included in full in (he Siatemenl of FinanLiuI Activities when receivable. bl Inieresl on government securities, dividends on cquilies and inte¥est on bank deposits are accounted for on an accruuls basis. Expenditure All cxpendilure is acLounl¢d for on an a¢Lruals basis and, in accordance with the r¢quiremenl uf th¢ SORP, and ha5 been classitied under headin89 that Iig8rL'8ale all c()sls r¢lal¢d lo ihat ¢ategory. Granls p#y*ble Grants payable are payments made in furtherance of ihe charilable objectives of the charity. Giants are recognised upon an obligalivn being created In a¢corddnce with FRS 102. Costs of raising fund5 The costs of Taising funds ¢onsist of fundraising and advcrtising cxpcndilure and also investment mana8¢menl ¢haTg¢s. ChAritobl¢ 4ctivitits Costs Ot'charilable activities includes 8rants Inade and an appKJrtionment of overhead and supporl costs as shown in note 4. Supporl ¢0sts Support costs have b¢¢n allocated between charitable activity and governance. Support costs related to charitable activity have been apportioned based on th¢ individual number of grants made in recognition of the administrativ¢ burd¢n vf awarding, monitoring, and assessing grants. Help the Homeless (Limited by Guarant•• No. 1238583> IReglstered Charlty No. 271988) Notes to the financial statements For the year ended 31 March 2023 Governance toJtS Governan¢¢ costs comprise all costs involving ihe public accountability of the charity and its compliance with re8ulalion and 8OtxI pracii¢e. These costs include costs related lo the independent examination together with trustees, expenses and an apportioninenl of overhead and support costs. Funds Unrestricted funds are avuilable for use al the discretion of the Twslec5 in fvrtherance of the charitable obJ¢¢liv¢s ot'Help the Homeless and have noi been desigrtaled for oihcr purposes. 1.10 Inve8¢men¢s Inveslmenls arc accounted for al markcl valu¢. any rcaliscd or unrcali$¢d surplus or dtficil bein8 taken to the Statement of Financial Activities. Income Thc incomc is allribuled to ihe prinL'ipal aclivity which is Ihe raising of funds for the relief of home1¢55n¢53 through iharili¢s operating in this field. Invfjtment Infome 2023 21122 Income from listed inveyimeni¥ 44,580 411.308 Expenditur¢ GrAnl funded atilvlty {note O) Support Tut*l co81 2023 Total costs 2022 GrAnt fvnded ChgritAble &etlvltles Gr4ni making to organisalioni providing upport lo Ihe hoJn¢le5% 53,102 21.823 74,835 Support costs eAn be fftnAtyged Is follows: 2023 2022 Adminisiruiion fee Governan¢e cosls (note 5) Oiher costs 14,5(M) 4.800 2.523 14.375 8.492 1.556 21,823 24,423 10 Help the Homeless (Limlt•d by Guarantfj• No. 1238563> (Roglstgrgd Charlty No. 271988) Notes to the financial statements For the year ended 31 March 2023 Govern#nee 2023 2022 Trustees. expenses Independent examination, audii & accountancy {.w noie 7) 968 7,524 4,81K) 4,81X) 8.492 Grants 21123 2022 The followin8 8ranls were made during the yeJr'. Arena Communiiy (Ilkeiton) Back on Track IMunLhe%ler) Bri8hton Women's Cenlre Cenire 63 (Kirkby) Chri¥tiarts Together Calderdttle Dover OutTeaLh Centre EnLompass (Rushden) 14aiih Hope and Enterprise Company Lid (Derbyshire) Free The Way (Co. DurhaTn) Freedom Communily Alliance IBarn5taple) Freedom Community Project {Bol8over) Good Soil Trust (WorLe%ler) Gravesham Sanctuary IGr8v¢send) HealihBus Trusl (Bournemouth) HSP (Leigh) JustU¥ (Bedford) Lan¢asl¢r & Dislrict Homeless Aciion Service Ma¢￿1 Foundation (Stoke-on-Trent) Merseyside Reftsgee Suppurt Network Nomad Opening Doors (Sheffield) Old Hall People's Portner.ship (Bentley) Open Hands ILeice.41er) Routes to Roo15 (Poole) Shiloh Rotherham (RoiheA)am) SHouf WSK (Worthing) 5.(K)O 2,929 874 2,2(X) 5,IX)O 5,(X)O 5,0(M) (2,681) 4,650 2,51K) 5,0(X) 5.0(Y) 5,CK)O 5.(K)O 1,5(X) 2.500 4.800 (2,500) 2.5(Kl 5,000 2,220 2,5(X) (130) 2.5(X) 2,500 Balance Carried Forward 50.792 27,110 Help the Homeless ILimited by Guarant8è No. 1238563) IR•gl$tered Charlty No. 271988) Notes to the financial statements For the year ended 31 March 2023 Balance Brought Forward 50.792 27,110 Street S1￿cer Nl (Belf￿l) Si. Anne's Hostel (Birniingham) The Forge Projecl IScuniho4)el The Hope Hub Icamberley) The Nehemiah Project (Londnn) TeardTOPS Supwrting Your Community ISI Helens) Trinity Winchester 2.500 2,5110 5,000 2,0(X) 5,000 2,220 5,0(M) 49.110 Net expenditure for Ihe year 2023 2022 Net expenditure for the year is stuted after charging.. Independent examiner's/auditors' remuneration.. Independeni examination A)Jdii fee ALcounts preparation ManagenKnt fees payable lo the S¢cT¢twy 2,7 4,090 3.434 14,375 2,IlX) 14,51K) 'rrustees None of the trustees had a beneficial interes1 in any conlracl or aTran8ement to which th¢ charity was a party durin8 Ihe year. No Iruslee received any remuneration. Expense$ During the year no IrLLsle¢s12022-. 3) were TeiTnbur5ed expcn5es of £Nil {2022." £968) for travel, subsislence and entertainin8. 12 Help the Homeless (Llmlted by Guarantee No. 1238563) (Reglstered Chaylty No. 271988) Notes to the financial statements For the year ended 31 March 2023 T4xAtlon The charity is a registered charity under .qeclion 505 of the Income and CorpDTation Taxes Act 1988. and no liability lo corFK)ration tax arose durin8 the yLar. io Invejlments l.Isied investments Total Ai l April 2022 Addilion.s Di.5posalb (Decrea8eyincre&8e in value during the yeAr 1,253.439 147,145 (124,029) (58.943) 1.253.439 971.282 147,145 147.145 (124,0291 1117,oui) (58,943) Ai 31 March 2023 .217,612 1.217,612 1,(K)1,426 Investments are held in a portfolio m8na8ed by Charles Stanley. There were no Material investments held in Ihe year (2022.. none). Debton 2023 2022 Prepayment8 and accrued income 1.907 12 Creditors: Amounls filling dut within olle yeir 2023 2022 Grants approved but not paid A¢¢￿al,8 and deferred income 27,5 6,965 17,427 9,722 34,465 27.149 13 Help the Homeless (Umlt•d by Guarante• No. 1238563) (Reglstered Chartty No. 2719881 Notes to the financial statements For the yoar ended 31 March 2023 13 Commitments There w¢re no ¢ommitsn¢nts as at 31 March 2023 (2022.. None). 14 UDrestrlcted gener41 fund balance8 The 8enera] fund b￿anCeS at 31 March 2023 and 31 Mawh 2022 ail relate lo unrestricted fiJnds for the purp05¢5 of th¢ Sthtement of Recommended Practice Accounting and Reportin8 by Charities (Charities SORP {FRS 102)). J5 Rel*led pArtle8 The Sccrctary h&5 pcrforned the hdministrotion and Ix)okkeepinB on behalf of Help the Homeless foT a fec as per note 7 above. All transactions perforni¢d al arm5 l¢ngth. 14 Help the Homeless (Llmltsd by Guarantee No. 1238563) IReglstoi•d Charlty No. 271988) Thls Is not part of the audited financlal stat•m•nl# Income and expenditure account For the year ended 31 March 2023 2023 2022 IDcoJne Donations ond l¢g8ci¢s Invesiment income 14,618 44,5110 124,332 40,308 Total Income 59,198 164,640 Expendllure Adverti.sing and publicity Inve.stment manugement costs Adminisiration fee Independent examinaiion, audit & llccounthncy fees Trusl¢es' expenses Legal fees Sundry .230 8.876 14.500 4.8(Y) 615 8.755 14,375 7,524 968 945 1,578 1,556 31,929 33.793 Grants 53.012 49.110 Totsl expendlture 84,941 82,903 Nei Ilossesygain.i on invesimenl$.' Gainsl(losses) on sale of investments {Decreaseyincre&$c in value of inveslmenls 7,028 165.971) 13,345) 71,795 Net movemeDt In funds 184.686) 150.187