Charlty Registration No. 289596 BOGNOR HOUSING TRUST FINANCIAL STATEMENTS AND TRUSTEESI ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
BOGNOR HOUSING TRUST REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Ray Kaveney Stephen Mcconnell Tony Dines Kitty Grove Margaret Burrow Pal Unwin Anne Shrewsbury Charlty number 289596 Principal address Cornerways 25 Glamis Street Bognor Regis West Sussex P022 1DH Independent Examlner Simon Wilkinson FCA FCCA Botting & Co. 41b Beach Road Littlehampton West Sussex BN17 5JA Bankers Lloyds Bank plc Bognor Regis Branch 33-37 High Street Bognor Regis West Sussex P021 1RS
BOGNOR HOUSING TRUST CONTENTS TnJstees Report Pages4-7 Report of the Independent Examiner Page 8 statement of Financial Activities Page 9 Balance Sheet Page 10 Notss to the Accounts Pages11-14
BOGNOR HOUSING TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The INte?$ present their report and accounts for the year ended 31 March 2024. The financKal statements hava been prèparod In aWOrdan with the accountlro w)li¢i&s set out in note I to the accounts and comply vAth thè ch8rity governing Oocvmenl and°Accounting and Reporting by Charities.. Statèmènt of R6commènd8d Practi¢8 8pplicable lo chartties preparing th65r aCnIS in accordan with th8 Financial Reporting Slancfard applicable in the UK and Republi¢ of Ireland (FRS 102)" (effective 1 January 20191 Objectivè and •ctivitie$ The trust was establishtrd to provKJe short lerrn SLSPPOrtive shtered houslng for sirule horreless people with particular r>èéds. such as ex-prisonars and others who require some rehabilitalK>n care lo enable them eventuaty to live indep8ndenUy in the wder corntnunity. Vve str+ve lo prowde high qu8lity services that meet the aspwatlons and needs of single hom8le&% pe(>ple from all backgrouncts, creed and colour. The clsyrty'8 objects and principal actwths are.. To manage and improve in Bognor Regis and els6wher8 houses and hostels for persons slfi&d in the Constitution. and to provide them wlth care and se¢urity lo which they are entitled o To educate such persons to develop their physical, mental and spiritual capaclties. so th81 they may develop fvll maritY as responsible indSviduals and members of society and so that their conditions of life m8y be Smproved To have secure prernises that serves their purpose To maintaSn finandal sustainabiltiy arKI work towards addressing tha nUmE¢S of people that are homoless our Society The Trustees conf4rm that they have complied with the duty in section 17151 of the Ch8rille$ Act 2011 to have due reg8rd lo thg Chartty Commission'8 general guidance on publ nefit. A¢hievemonts And performan 8ognor Housing TDJst continues with its work lo help address the problems that homd0s$sS creates n our iety. The need f our seNices conltnuos to ncxe8se, and. our OCLupancy rateg ¢onlinue at a high level. ThroL¢ghout the year our 25 supported unts were cccupied by a total of 60 dients12023.' 56 clients). l am ple888d to report that there were 35 12023.. 311 cllent moves from our accomndat10n during the year, of which 88% {2023'. 71%) wete planned, thus enabling 3112023.. 221 pxf(ive outcomes as a r8suII of our 8UPPOrt pro3ramme. The wk th81 we do does change people's Iwes, and this is contlnually verified by the many posthve testinKJntals that residents have given when they move on from wr supported accornmodat#)n. We have always ffraintaineil our prOrITeS to a very high standard. and are CDntinually looking for ways to improve the properties in order lo give our restdents the twl possible eXperIen whilst wlth us. Th improvements ensure that our residents continue lo live in 8 safe, Sere and dean envirwmenl. Their wellbeing 1$ also enhancfjd by the support 8fKI erthuTrJement that our staff glves to each resident to enable them to evenlualty move on to independent liviTrJ.
BOGNOR HOUSING TRUST TRUSTEES. REPORT (CONTINUED) We h8v8 always staffed our Projects al a much highar rata than thAI which has been funded by WSCC through the Supporting People Programme. Our contract ran until 3(>th September 2024. and is in the Crse of being renewed for a further etghteen months to 31st March 2026. 1 am pleased to report that WSCC continue to acknowledge that our services are run at an ¢x¢eptionally gh level, and that B(NJnor frlousing Trust IS 8 signiftcant asset in addrèssing homelessness. We hav8 again throughout the yew continued to h&lp a siwificant number ol p6opl6 to integrate back into mainstroam so¢iety. and to move on to independent Iwing. We are extremejy gratefijl to our team for the dedication and support that is shown tr) 811 of our residents, often in the most difful1 of circumstances. l Sm pleased to report that we have continuèd lo ¢JdiveT OUT seNces to a high stsndard throughout the last yèar. and are conlnually doing evarything possible to ensure that our residents 8rg protscled and kept safe. The charity is also grateful to our Trust8 who gwe their valuable tlme freely and make Bognor Housing Tmst 8n organizalion that we are all proud of, and glad to support. Flnanctal revlew The resutts of Ihe charity are set out In the St8t&monl of Financkgl Activities. Thg tol81 in¢orne in the year was £372,337. an increase of £57.321 over the previous year. Th& totsl èxpenditure was £262.742. belng a decrease of £23,131 overthe previcus year. The over811 irKXQ8se in funds in the year w89 £109,595. and the 10t of unreslrKtsd reserves at the year-end amounted lo £1.596,104 ofwhlch £944.213 pr$s$ntèd Fixed Assets. A restrded fund has been set up by the tnjstees for a speCC Purpose. The fund total Is £395. The balan is the residual amount held in respect of a donation of £500 received from Sussex Police in the year ended 31 March 2022. The donation Ss restrlcted to be spènt only on furniture etc. for cliènts moving on from our supported ¥CMM0dti0n. It is the poticy of the charity that unre$th¢tgd liquid funds which have not been designated for a specific use shoukl be maintained at a level equivalent to at least iwelve month's expendiiure-, this is to allowthe charily to bo managed effl¢ientty 8fKI to WOVKle a bLrffer for uninterrupted servi¢9s. This level of reserves is currently in place. Princ4 I fundin soLts The principal fvnding SOL>rcfrs for the charity are currently by way of rental Income leither direct or Ihrough housing support) and from a contract with WSCC for Supported Houstng Services. Risks and uncertainties The trustees have assessed tho major risks lo which the charity Is exposed and S Satssfied that systems a in place or Spear actions agrè8d to mitigate exposure to these major rfsks. A risk register has been establishad arKI is updated at least annually. Plans for the futurn The charity plans ¢onlinuing with those actwities ouilined abov&. whiGh are still ongoing, in the forthwming years su*'ecl to Satisfactory fvnding arrangements. In addon the Trustees continue to revlew tha possibilities in acquiring fLSrther propety. or carying out other seNKes which would er¢hanc6 and extend tre 3eFvices currently available.
BOGNOR HOUSING TRUST TRUSTEES. REPORT (CONTINUED) Struetur• gov•manc• and manapmènt ognor Houslng Tnjst was founded In 1984 In Bognor Regls. Thè trust is an uftincorpored 83sociation governed by its own Constitution, first adoptad on 22 March 1984 and amended on 19 August 2003, sub5eqLtenUy on 8 December 2009. The trust is a fygister&Y charity in accordance with the Charities Act 2011- Charity RegistratM)n No. 289596. The Sussgx Wast Area Meeting of the R4louS So¢iÈty of Friends lQu8ker31 will receive rMinatIOnS arKI submit the n8mes of up to 6 people to be considered for membership of the Executiva Committeg. When one of the members so appointed ceases to be a member of the Executive Commiitee, the Sussex West Area Meeting will receive nominatKJns and submit the name of a replacement person to be considered for membership to the Exe¢utlve Committee. The appointment of members to the Executlve Commlttee rnust be approved by at least fourfifths of th& Executiw Committee. The truste85 of thg charity are re8wn8ible for the overall management and control of the charity and receive reports and recommendations from the Treasurer and other members of staff al regular Executive Committee Meetings. Trustees of the charsty hold Offi from the lime of appointment by the Executive Committee. The Chaimièn and other officers of the charity must seek relecdon at every third annual general meeting thereafter. All servtng trustees are already familiar with the practical Work of the charity. Potential new trustees, who are selected for their strengths and dwersty that they will be able to brtng to the Board, are Invited and encouraged to Spend some time al our premises to famillarize themsefves wth Ihe d)arlty and the ¢ontgXt wlhin whith rt operates. New trustees will bts made fulty awara of: Th& obligatirms of Trustees The eligibility of Trustees The main documents which set out the operational frameworkfor the charity including Ihe Constitution of 809nor HoLsing Trust The current finanrAal position. irUdIng a Copy ofthg181ost puNish8d accounts Future plans and Dbiectrve8 The Chadty Commlssion's rc4e. and the publications that can be obtained therefrom suth as thelr guide 'Ihe Essenlkgl Trusle8' St*¢mant of Trust••s' R•sponslblllt5Bs The trustees are responsible for preparing the TrLBtees' Report and the accounts In accordance wth applkable law and United KirTgdom Accounting Skndards (Untted Kingdom Generally A¢¢epted A¢¢ounting Practi) The trustses are required to prepate accounts for each financiaj year showing the incoming resoltrces and application of rescyjrces, indudirrfJ the income and expenditure ofthe charity for that year. In F>repariTrg th0$8 accounts. thtr trustaes arè r8quir6d to.. Select suitable countIng policies and then apply them c(K)si$t&ntly' Observe the methods and principles in the Charities SORP- Makejudgements and estimates that are reasonable and prudent.. State whether applicable UK Accoursting Standwds have been followed. subject b) any matedal departures dLsclosed and explained in the accounts", and Prepara tho aCc{nIS on the gung concem basls Unl it Is Inapproprigte to prèsvmè that the charity will continue in operats'on. The trustees are responsible for keepiTrJ adequate accounting records that disc105e with reasonable accuracy at any tIe the financial position gf the charity. They are d$0 responsibl$ for safeguar¢Jing the 8ssels of the ¢harity and hence for taking reasonab steps for the prevention detection of fraud and other irregularities.
BOGNOR HOUSING TRUST TRUSTEES. REPORT (CONTINUED) Reference and Admini¥tr•tiv• Detsil¥ Charity numb•r 289S96 Prlncipal addrèss Cornerways 25 Glamis Street Bognor Regis West Sussex P022 1 DH Trustees Ray Kaveney Stephen hrtcconnell Tony Dlnes Kitty Grove M8rg8rel Burrow Pal Unwin Anne Shrewsbury Ind•p•ndent Examiner Simon Wilkinson FCA FCCA Botting & Co. 41b Beach Road LlttlÈhampton West Sussex BN17 SJA Bankers Lloyds Bank Bognor Regis 8ranch 33-37 High Street Bognor Regis W$sl Sussex P021 1RS Thg twstees, report was approved by the Board ofTFustees. R A Kaveney Ichaimian)
BOGNOR HOUSING TRUST Independent Examlner's Report to tho Trustees I rewrt to the charity trustees on my examination of the accounts of Bognor Housing Trust {Ih8 Trust) for the yeor ended 31 March 2024. Responsibilities and basis of report As the Charity truste8s of the Tyust you are responsible for the preparation of the accounts in accordance with the requlrements of the Charities Acl 2011 (Yhe Act'l- I report in respect of my examination of tl7e Trusvs aceounts carried out under Secllon 145 of the Act and in carrying out my examination I have followed all applicable directions given by the Charity Commission under Section 145{5llbl of the Act. Independent examlnefs 5tatemert Since your charity's gross income exceeded £250.000 your examiner must be a member of a listed body. I can confirm that l am qualified lo undertake the examination because l am a member of the Assoclation of Chartered Certified AoUntants, whlch is one of the listed bodies. I havg ct)mpleled my examination. I confirm that no materi81 matters have Gome to my attention in connection wilh the examlnallon glvlng mè cause to believe that in any material respect.. 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act.. or 2. the accounts do not accord with those records", or 3. the accoLtnts do not comply with the applicabl8 requirements ConmIng the fomi and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention s Id be drawr* in this report in order to enable a proper understanding of the accounts lo be reached. Simon Wilkinson The Association of Charterod Certified Accountsnts Reeves Wilkinson Ltd 41 b Beach Road Littlehampton West Sussex BN17 5JA Dale..
BOGNOR HOUSING TRUST ICh8rlty Number 289596) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2Cted Unrestricted Funds Funds 2024 20 Total Fun Total 2023 Notes min Rental and 85Srt18ted income Donations and legacies Bank Intest Mlwll8neous Income Grant from Bognor & Bersled Charltses 349,726 14,620 7,256 735 349,726 14,620 7,256 735 312,165 1.850 801 200 Totsl incoming r•sourcg5 372.337 ,33 èx ènd Employment Costs Rates Light and Heat Insuran¢9 Telephone & Television Computer & IT Expenses Printing. Postage and Stafjonery Staff Training Property Mainienance Eoulpment maintenan and Renewals Cleaning & GaTder>ing Travelling Expenses Professlonal Fees Independent Examiners Fee8 Mortgage Interest Miscellaneous Depreciati) 171.258 10,377 11.864 6,705 5.206 5.013 2.191 717 7.419 4.561 5.523 1.125 22,897 1,710 1,743 3.878 555 171.258 10,377 11,864 6,705 5,206 5.013 2,191 717 7,419 4.561 5.523 1.125 22.897 1,710 1,743 3,878 555 165.542 10,006 9,585 6.287 3,986 6,175 1,735 863 39.743 6,041 7,948 1.081 21.219 1.710 1,310 1.902 740 Total res¢wr¢e$ expgndgd 262.742 262,742 285,873 Net Incomlngl{outgolngl reBourc¢s 109.595 109.595 29.143 Balanc• at 1 AprS12023 395 1A86,509 1.486,904 1.457.761 Balan at 31 March 2024 5 1,596.499 £1.4849Q4 1,596,104 l expenditure relates lo charitable activ*tses. l of the charivs operaonS are dassed as continuing. Movements on reserves and 811 rec4)gnised 98ins and losses are showa abovg. The at)alysls betsw restricted and unrestricted funds is Shown above. The notes on the fotlowing pages fcffm part oflhese financial statements.
BOGNOR HOUSING TRUST (Charlty Numb•r 289596) BALANCE SHEET AS AT 31 MARCH 2024 2024 Note¥ Flxed assets 944,213 944.768 Current assets Debtors and payments in advance Cash at Bank- Lloyds TS8 Triodos Bank Deposlt Ch3rity8ank Cash in hand 20,292 572,875 78.065 10,693 314 682,239 18,639 474.480 76,OS2 10,420 124 579,715 CredltOTS: amounts falllng due wlthin on9 year Net current assets 19,283 5.756 662,956 573.959 Total assets t•ss eurront liabilitiès 1.607,169 1,518.727 Long term 15abllltl•s Triodos Bank Isecuredl 10,670 31,823 10.670 31,823 Nèt as$•ts £1.486,9 R•pr•sontsd by: Ineomg fitnds Unrestricted funds Resiricted funds 1,596,104 395 1,486,509 395 £1A86,904 The awounts Ere approved by the Trustees on .... . R A Kaveney Chalrman 10
BOGNOR HOUSING TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1. ACCOUNTING POLICIES Accounting conventlon The financHI ststsments have been prepared under the historical cost convenllon wilh Items recognised at cost or transaction value unless otherwise stsled in the levant notes to these accounts. The financial statements have bean prepared In accordance wllh the charity's governing dcKumenl and Slalement of Rocommended Practi= Accounting and Reporting by ChaFtties preparing their accounts in accordance with the Financial Report5ng Standard applicable in the UK and Republic of Ireland {FRS 1021 {as amended for accounting riodS commencing from 1 January 2019}. Tho charity conslitule8 a public benefit entity as defined by FRS102. Going COnM The trustees consider that there are no maleylal uncertainties about the charity's ability to continue as a going concem. The trust has unrestricted reserves sufficient to cover expenditure at the current level for al least a further 12 months, has continuing income streams from char(table activities, and has sufficient contro5 over costs. In¢oming rosourcos All income is recognised once the charity has entitlement to the in¢ome. it is probable that the income will b8 rece4ved and the amount ol the income receivable Gan be measured reliably. Resources expended All expenditure is accounted for on an acGruals bas and includes 8ttribvtable VAT which cannol bo recovered. LSabililies are recognised when there is an obllgatlon at the Balance Sheet dale as a result of a past event, it is probable that a transfer of economic benefit will b8 required in selllemenl, and the amount of the s8tllement can be e$timaled reliably. Liabilities are recognised at the amount that the charity ar)ticipates il will pay lo sellle the debt or the amoLtnt it has reiVed as advanced payments for the gocxjs or services il must provtde. Provisions are measured at the best estimate of the amounts required to settle the obligation. whe the effect of the time value of money is material, the provision is based on the present value of those amounts. discounted at the pre-tsx discount rale that reects the rtsk specrfie to the liability. The unwinding discount is recognised in the Stslemeftt of Financial Activities as a fin8nce cost. Tanglble fixed assets Depreciation on Fixtures and Fittings is calculated at rates considered necessary to wrSÉe the cost of the asset off over its estimated useftjl life as follows.. 25°h reducing balance basis. Freehold buildings ar8 maintained to such a stsndard that their residual value is at least equal to their book value at any given time. Consequently no depreclation has been included in the year.
BOGNOR HOUSING TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Taxation The charity is exempt from tax on Fts charitable activities. Pensions The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity lo the lund In re$ct of the year. 2. PAYMENTS TO TRUSTEES No trustee was rein7bursed any expenses In the year12023- £0}. R A Kaveney FCA was paid £22,89712023= £21.2191 ft)r professional fees in th8 year relating to accountancy and payroll services supplied by his company. Such payment is aulhorised in the Constitution of Bognor Housing Trust. 3. DONATIONS AND LEGACIES A legacy of £14,387 was e1Ve from the estst8 of Neil Macdonald, bJether with miscellaneous donatlons of £233. 12
BOGNOR HOUSING TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 EMPLOYEES Number c*f employees During the year there was one full-time employee, four part4rms employees and one freelance worker.12023- 1 FT 4 PT IF) Employment ¢osts Wages and Salari98 Social security coyts Employers Pension Contribuuons 150,264 145,837 9,154 8.555 11,840 11.150 £171. 8 £165,542 Th8 number of 8mploye8$ who39 employee benefits (exclJIng employèr p&nsion cogts) exceeded £60,000 w 2024 202 £60.IJOI - £70.000 FIXED ASSETS FREEHOLD FIXTURES Fl COST At l April 2023 Addltlons Disposals At 31 MaTch 2024 985,780 62,822 1.048,602 985,780 62, DEPRECIATION At 1 April 2023 CharyJe for year Eliminated on disposal At 31 Mardt 2024 43231 60.603 555 103.834 555 43,231 61,1 4,38 NET BOOK VALUE At 31 March 2024 £942,549 £1.6fj4 At 31 March 2023 £942.549 £2219 £944.768 13
BOGNOR HOUSING TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 LONG TERM UA8ILITIES: amounts falling due In more than one year TThYos Bank Isgcur6dl- 27 Glamls Streel 10.670 31,823 DEBTORS AND PREPAYMENTS Tradè Debtors Prepayments 16.213 4,079 17.442 1,197 CREDITORS: amounts falling duè within one ye¥ T8Xgs and 8tKi81 securlty costs Accruals TrKlos Bank Isecuredl- 27 Qamis Streèt 3,600 4.769 10.914 3,415 2,341 19,283 £5,756 14