ACKEE HfXISWG PROJECT MOTES TO THE FWANC14L STATEMENTS YEAR ENDED 31 IAARCH 2024 RENT RECENABLE OThER WCOIE Ir 180 10 114NAGEIIENT AND ADlmllSTRATIVE COSTS 37 46.981 861 2.476 970 Trowl 8Lb81qiBTr 1.034 270 110 6.732 627 302 152 8&r*s$ r8t8s Offica LthSti88 aftj iepalrn Tr8ir•TrJ A11 ard accthrtar¢y 100 950 2A10 2.475 4,157 1fi59 1.598 239 15,277 Bart( ctrBrgo8 aThJ ITkn8t 15.746 11 8ERVICE COST8 Cowdl tsx Water ra LI oThJ 12238 11033 26A( 1114 20.616 4.153 118pal £62 70 HOU8P4G AS8OCIATK)M CHARGES 74 16
ACKEE H(KISWG PR(KIECT NOTES TOTHE FWANC14L STATEMENTS EAR ENDED 31 IAARCH 2024 HOUS•IG UNITS PI PAANmENT ) ofwits maroged on b¢Wofparfnerassooali 18 18 18 18 STAFF COSTS Wages aThJ sthrf8s 3129) 3.157 3.107 39285 4.180 3.536 Wa8 1512023L 2.01 UNRE8TRKTED FUND 8) GENER FUNO (*ord baljr h>)mfDr ts Jp•r Cbslw balarce 351.883 366.405 37 351 I PROPERr( Op8rlro b8laru l%YcrfvAAI ROlL#tiOn ba19 c•nled Totsl FwK16 a perfod ofw 15
ACKEE HOUSWG PROJECT NOIES TO IIE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 FIXED ASSETS Fr••hold COSTOR VALUAMON OpeTrro bae 850,(W 28,754 878.754 1,9)7 1,907 bee 8,1m) 880.667 ACCUMULATED DEPRECL41KIN OpeThrKJ baLqnce Charge lorlhe )wr 22,368 22.368 1.659 1.659 Ck)siTrJ baknr 24,027 24.027 NETBOOK VALUE •$ at 31st March 2024 £6.634 £856 634 as al 31st March 2023 £8.0 6 386 £856 388 DEBTORS AND PREPAnENTS Rert aThears LesS..PrLNgC dcxtth debts 186.028 41.321 144.707 175.020 31.321 143,699 Lrxg lemi h)an 18,412 18,412 Cther det45 a# prep8>ThYwts £163119 £162.111 CREtXTOR8 AND ACCRUAL8 2024 2023 crethlNS aThJ accnA15 14
ACKEE HOUSP4G PROJECT NOTES TO ThE FNCIAL sfATEMENT3 YEAR ENDED 31ST IAARCH 2024 AccouiillNG POUCIES Bash of proparall¢>n of alUnts The financial statemgnts aro Fryafed uThler the his11cl >st conVOn and In accordanc8 with the Stst8ment of R)MMended Pradiee. AC1ting and ReF>Jling by Charits88 (SORP FRS102). (b) Grants and R•nt RK•lvab Grants and rent,re¢efvablo 8re rec4xdI on th8 a(xnJ81 ba8b whlst other In¢om8 Is (c) D•pr•clatlon Doweclakn on w4UiPmnt 18 Ca1latl tha strawt Ilne basls at rates are intsnded to wrtte off the cost of tho 0890ts over th8k 8StSmated u801 Ilves. ) dewédallonls wovoded on fredK*J as It18 ch8rlVs to malnialn the bullding in such rthditron th8t the vakne of lh8 buildlng18 not Impalred by Ihe pgwgg of tlme. Such expeThJiture k8 charged to the Ino)me and expendltur8 accfwnt. (dl R•pla¢•m•nt and R•n•w•l Co•ts Capltal expenditure of 8 cydkal natt¥e Is tharpj to the Incom8 and expIlUr8 In the year of purctw. {e) Fund Acc¢nI Grants 8rKI similar arè 8ubiKt to donor SmFd restrktlons 88 to th8lr uaè and related expendilurn arn nted th)r as rnstrirtad funds. All other Iwe are sIM)wn as unrestricted. Gen8r81 funds are Unrestric which are available for use at the dlscretlon of the trustees. 13
ACKEE HOUS•4G PROJECT NOTES TO THE FMNCIAL sfATEMENTS YEAR ENDED 31ST IJARCH 2024 Accoui¥llNG POUCIES Basls of prgparauon of accounts The firkinrial statsmgnts ar8 rgpafed uThler the hist(xic4 (y)st ConvOn and In accordance with the Ststement of R)mended Pradic. AtrA)unling and Repttng by Charits88 (SORP FRS102). (b) Grants and R•nt RK•lvablg Gr8nts rnnt,recefvatle are re(Kd on tho ba8b whlst other Inme 16 (c) D•pr•clatlon Dewedakn on •]uipmnt 18 (klaj on the straltht Ilno basls at rates whkth are intsnded to yfte off the cost of thg a880ts ovorthok 88tlmated u80fid Ilvos. ) d8rAed8kn Is provId on 85 It Is th& ch8rW8 to malnialn the building in such condlllon that the ¥88 of the buihjlng Is not Impoired by the pa88ag8 of tlme. Such expthditure L8 charged to the Ino)m8 8xp8ndllure aclxunt. {dl R•pla¢•m•nt •nd Co•ts Capital expendltsjre of a cydl¢al nattYe18 tharg8d to the and oxpondRure In the year of pur(w. {8) Grants and similar K)c0ft arè 8ubioct to donor Imposed Tgstrlctlons 88 to th8lr u#8 and related exFendilurn are wxwnted )r as rnstri(ad funds. All other 1Thrne are sfv)wn as unrestricled. General furKls are unrestricW furKts which are avallable for use at Iho dl$¢retlon of the trustees. 13
STAl&l OF CASH FIOWS 2024 2023 Nrt¢s Oallg SurpkL8 19.743 I,659 {1,(M)8) (14.7021 iJ96 (16,6761 6,852 (22,9301 Cl•ng¢ in debttxs Ch8nge iti ¢aor8 Net cash IDhTr)w from oper tfvllle• Ret&mi on hwestn*nts aul seThlclDg of 180 IDvesth¥ Athlde$ ofotlw fLKoI as%ts (1.sN)n {1.330) Net ea8h Intkpw fi {24.0) Flnanelng IA•aA8 rewdld Catal Tepald IKr¢e h) usb 24,786 {24,OW) Cth aThJ cash at l Apr 191537 217.817 Cash aryl cash o4Thakths at 31 March
ACKEE HOUS14G PRalECT BALAMCE SHEET AS AT 31 MARCH 2024 EMPLOY¥ENT OF CAPIT 856 CURRENT SETs 183.119 218 325 162.111 CURRENT LLOBLITES Cr•Jltr)rs aThJ acawl NET CURRENT A8SET8 (wLrrE8) 345 TOTALAS8ETS LE38 CURRENT UABLrrES FWANCED BY: £1 - 01-IAS
ACKEE H(XISING PROJECT YEAR ENDED 31 IAARCH 2024 COPAWG RESCAIRCES 1(b)&8 301.998 12 262.093 RESOURCES EXPENDEO 10 10 75,899 62270 72.573 442S3 Ser¥icE cost T¢Yo1 £19.743 <14,7021 1ib>&9 180 1145231 N•t fof lh• y••r FLThJ8 brotyJMfopMTd FJ8 t%r0 1216405 £1 01 £1 aLNl#e•. 10
ACKEE HOUSWG PROJECT YEAR ENDED 31 MARCH 2024 Socllon E: Brl•f •tat•rnont of th• eharlty'• poll¢y on The charlty has 8 of unrestiKled reserves. whlch is maintaThd at a level suffiuent to Ver any unforeseen evenbJaliti85 for a minirnum cl slx rrnn Tho tharivs unr8StriGtéd res8rv8s are malntained at a level sufficient to c(Jver the o(ganisaticm's Contra commitrnnts inclLMling but not excluthgty: Salarles R8dundanci8s Mlnor Sntemal rep8h aThJ rW¢8fft of fun4turn oni¢e runnlng costs rw#)vatbn PTovld8 for unforeseen oxpwThlliuro D•tall• of any fvndl mat•rfdly In d•ll¢lt NIA Th8 Ch8rfVs Prtnd s(xxee of derlved Its fentsl lThxme. A6 Such, all r818vanVnec•ssary gt8P8 are laken to ensure that tents meet U)8ir obl¥1 to the Charity. In tho evont of any dll1thlt1 a(kn18 t&ken to mlnlne rl8k to tha Charfty. All t1vibeS and runnth costs WKI the Chrity IJ o)v8r•J by the income gwgted rental Inc£m. 8•ctlon F: 8ectlon G: 81gn•d on bthll of the charvs trust• 81gnatsw•l•) Full name Posftlon
REPORT OF THE INDEPENDENT EMMINERS TO THÉ AIEMBERS OF ACKEE HOUSING PR0cT YEAR ENDED 31 MARCH 2024 I r8POrt on tha accounts of the Trust k the year ended 31st March 2024, which 8r6 set out on pages 9 10 16 R••p•ctlv• r•sponlbili¢i•# of th• Trn•100• •Thd Ex•mln•r The choritvs truste we re8psle for prepwal of ts xcounts. The chaf1t$ Iruslee8 consider thai an audit is not required ts this year under Section 144(2) of ts Charitiès A¢t 2011 (Ihe 2011 Act) aNI thal an rrfend8nt examinati 18 nea11. It 18 my Te8FKJnsibilty to.. oxamine the acccrfm18 w¥Jor #Oct 145 01 the 2011 To lo11c the procedures laid (kywn in the g81 DirnctKTh gN¢n by the Comml88bn und8r Sectb)n 14515llb} ol the 2011 Act To stats whethw particular matters hav• c¥)m• my attentlLm. 8••h of Ind•p•Dd•nt Ex•mln•rf• R•port My examinatijn w88 carried 04rt n accordance wfth thè Goner81 DIrectn$ glv8n by the Chgrity commissn. An examination tncludos 8 rèvithv ol th8 accounlirrfJ record$ kept by the charity and comparison of the account8 F$&nIed with tho$8 records. It also includ88 nsleratiOn of any unusual items or iJisclosuro8 in Ihe a¢counts, and seékfftg explanations frwn you a8 tru$lee$ ¢oncernlng any such mattws. The procedures und•rtaken do nol provide the evidencè that woukj bo required in an audit and con8equently cs)inK)n is givén a$ to whether the account8 presonl a 'true and fvif ViV4V and the rwrt Is lin1t to tts)te matters tset out in th8 next 8ialemenl. Ind•p•nd•nt Exmln•rf Stt•m•nt In connection with our examinats"on. no maller to my attention.. 1. which gives me reasonab cause to belie thal in any material fos¢1 t requiremgn (•) lo keep aOnting records in wrdance with s¢c1K 130 of the 2011 ACL and Ib) lo wepare 8ccounts whwth accord wih the atrcwnbng rn¢ords and with the aecoLtnling requirements of 2011 Act. have ry)t bo8n met.. or 2. to which, in our cpinion, 8ttontth SIKld be drwwn in rder to enable • prcper undefSt8ndin9 of tho accounts to be rexhed. 3.1-Ql-..&£>L< ANGUS A JOHN {FCCAI CHARTERED CERTIFIED ACCOUNTANT 16 Stono101gh Clo Luton BedfO$hIrO LU3 3XE
TRUSTEES. ANNUAL REPORT ACKEE HOUS14G PROJECT YEAR ENDED 31 IAARCH 2024 The Charity maintained a succes5fv1 W¥8 relationship with its Landlord - Sanctuary Houslng As80¢iation, t1 enabling to sUC£slY wovmle Supwrt8d Hou6lng for young women wblh whom Charity work& As well a8 the liwering effects of Covtd Ch8rW8 OV8r81 p8rfCM8nnQTh generallon Lee h88 also faced chaMeng8s of staff fetsntion, the wlbe1ra of som& of our clts, and the death of tr0 of the Charity's lorrKliw Trustaas. However, a great deal was athieved, thanks to the dedKalk 8TrJ (xjmmitnwnt of our Senior Hou6ing Officw. A¢k88 r8makn8 Ix)lLted to arAurfrKJ Ihat we offer knap around" pport to everyo. Wo do our best to ensure that indNNJuals know and valued. Durlng th8 year we cJ)ntlnue to 8UPPOrt Indlvldual young women who suffered loss aThJ b8reavemont. others whose M8ntal Health and general wellbeing has been affected by Covkd 19. 0th8rs expgriendng financial hardshlp and food povety, resutting In them havirvJ lo vlsil F¢)od Banks for assistance. D&splte many dIfficlties. we )nllnuo to th wlth knJividu to enywher tharn to ffKwe ¢)n to IonI lfvlrvJ. Summory of the maln ats of the dwrlty thrlng tho year. Eroapj with several new agendes. maktr¥J them aware of our Seth¢e and contlnued gocAI working relationships with Now Horkon YcArth Centre, The Greonhou80, Hackn8y Coun(ai and Hackney So81 Servioxs Ensured that all Heath & Safety Y)tk has bean carrled out a¢cordln9 to thelr set pro¢odw Facilitated 13 tenant rnoVents acxoss our properties. Improved tumarourml of void Tm. trws Inernasing of the organlzallon. Th18 Is due to the persnt hard w(wk ofthe Houslng Staff and the good rdatlonshlps wth parb)8r agencies. Upgrade worts urKlgrt4(gn one w(W8rty 6 Cllents swjported wlth Move - on
YEAR ENDED 31 MARCH 2024 2. Preparatk)n for indepondent livia. Encourag1, intrcthced and nted indlvlduals to key s8rvlces {induding GP'S Thwapeutic SqTrTIG85} other sorvic8s and helped them to ¥19al8 their way to apprqyiate communty supF#J1 Skdls trainin9 and Pathways to Futher Ethn. Hebj work-shops and to one sessions on Managem8nC' D8bt Management, Intrc•JuctiM to dlfferent Banking aments and Payment Systems. Ran 0pS and dlssemin81ed infomiatK)n on Health & Wellbeing. Personal Safety, Lk)m88tlc VIolw, G8ndw 8a8ed wnC¢. Rg18tKThhips, FGM, FlrBt Ah and Mental Healih Disseminating Inform8kn tralnlng ¢worttmill85: voluntsortng; apprentsNps and assist wlth b ¥oar 3. A8slstance aThJ suppyxt to the cAJmThwniif. R8palred rolatlonshlps lThJfvkJal famili88 and (munS Pn)vlded telepho and face lo face h(Ing and informallon to homelo88 8fKI vulnerab18 young peopl6 who C(ed th8 project for 8UPPOrt Provided infonnallon 8nd glgnFQSted a number of iThJMdua18 to other 88rvSco8 In the mmunlty Di88eminating information on Health w#Y Welkbeing Encouraged C(xnffn1ty Cctheslon Promokn of the Sen41ce withkn the 98n8ral Crnunlty
ACKEE HOUSWG PROJECT YEAR ENDED 31 IAARCH 2024 Trustee5 are ury>ald arKI do ncl dorfvo any pwThl ben8frt frun the Charity. The Charity o)ntinu85 wcces5ful wthlng r•latiortshlps with Sanctuary Housing Associalion, Home From H(Kne Housing AS$at Ltd and Claudia Jones Organisation. It also maintained tkne links with organisation5 and other tharitios workirKJ with homel8ss young people, among th8rn, Horizcm: Alone kn London" Haringoy Aikdt Leamkng Contr8 arml Vuhorabl8 Adult Team8. The Charity Is maknng greater efforts to Incre88e thg rnemp and sklll8 of the Board to broaden Its and 4Komote g(trwlh. S•ctlon C: Summary of th• obCts of th• charfty •¢t out In Its governlng documtht .To prrNkle short tami a(xx)mmodakn 81nglg )rnen - 17 to 21 years of age In shared 8rxx)mmod8lkL .To pro¥ide infrymotion ldal 1 SUkWOrt to wepgre them ts mm to Ind8t living. Publlc B•n•lh •tal•m. The Trustees of Ackee H(yJslry Project pay regard. to gdance In 2006 cha8¥ Act on Publlc benefiL 1. CA)ntinl wlth tho of a Swptyiod H{m1ra to ex18tlng and new tsnants Maintaiiing a safe and Sere envY0n user8 Providing regUr key Y4Drk sessiLY Ensuring that supyi Fdans aro in pthe and regularty raVnd Run a (xxntrfnal of workstKVS arKI one to one sessions on toplc 8uth a8; Per1 Develoyywit. Edu(tion. TrainiTrJ in Preparation EmpbymenL One to one 38ssicns on maintainww indrwidu' tenarry. Provide a resetUem8nt prDJramme for to six M¢th9 to tenants who nThd on s%*$$y. to live indepeIty.
ACKEE H¢XISWG PROJECT YEAR EP&IED 31 IAARCH 2024 Th8 Management Commtttee of Housing Prqoct (¥th0 8 also Trust808) pr088nt thoir rewt and examined financial statements tr the year ended 31st March 2024. The fina81 statements have been prepared in acaydance ryth th8 acc(Nthting p)licies Set out on page 12 and ct)mply with the charitys trust deed and applicable law. 8•cllon . Charlty Nam&: Regl8twed Charlty Nnb. Prlndpal Addr888: 8 Palatlne Road Stoke N6wlroton LL¥Kk N16 8SX Charfty Tru8lees.' Maggle Sevefln . Chalrporson Hazel Ellls Treasurer 8•cllon B: By arvllcatm andlor sklls and 8xperl8nc8 The Board of TnJste88 (Management Cornmittee) meel al 16asl six times per year to make decisions regarding the rurnirvJ arKI safeguarding of the assets of the Charlty. IrlUdIng tsking all reasonable steps to reduce any risk to the Charity artd to yovkle reasonable assurance that.. Its assets safeguarded against unarth0 use and diSFX)siI Proper acoxmting reo)rds are maintained and financwl infomialion is reliab It Is operating efficienlly and affethely It rA)mpligs with relovant13ws and rwjulali
ACKEE HOUSWG PROJECT FINAIICIAL STATEMEPITS YEAR ENDED 31 IAARCH 2024 Rog1St•r Chwlty Numb•r. 103 8tok• N•¥Angton Road N168SX Magglo Sov•rfn . Chalrwi*xi Haz•l Ell18 - Tr••suror Yvotlo Thomas- S•cT•t•ry Bank•r•: Natloml W•stmln•t•r Bank 198 Stok• Nvwlngton Hlgh 8tr••t London N16 7GA Anou• John FCCA 16 Ston•hlgh Clo•• B•dford•hlr• LU3 3XE
ACKEE HOUSWG PROJECT INDEX TO THE F•IANCIAL STATEMEPITS YEAR ENDED 31 IIARCH 2024 copfftp PAGE TN•t•M' Annual R•wt 8alanc• 8h••t 10 11 Not•• to th• Fln•n¢l•l Sl•t•m 12-15
ACKEE HOUSING PROJECT FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Angu• A John (FCCA) Chart•rod C•rtlll•d Accwnl•rt 16 Slon•l•lgh Clo••