Charity Registration No. 289596 BOGNOR HOUSING TRUST FINANCIAL STATEMENTS AND TRUSTEES? ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
BOGNOR HOUSING TRUST REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Ray Kaveney Stephen Mcconnell Tony Dines Kitty Grove Margarel Burrow Pal Unwin Anne Shrewsbury Charity numb•r 289596 Prin¢lpal address Comerways 25 Glarnis Street Bognor Regis Wesl Sussex P0211DH Independent Examlner Simon Wilkinson FCA FCCA Botting & Co. 41 b Beach Road Littleharnpton Wesl Sussex BN17 5JA Bank•rs Lloyds Bank plc Bognor Regis Branch 33-37 High Street Bognor Regis West Sussex P021 1RS
BOGNOR HOUSINGTRUST CONTENTS Trustees Report Pages4-7 Report of the Independent Examiner Page 8 Statsment of Financial Activities Page 9 Balance Sheet Page 10 Notes to the Accounts Pages 11-14
BOGNOR HOUSING TRUST TRUSTEES. REPORT FOR fHE YEAR EIVDED 31 MARCH 2025 The trustees present their report and &counts for the year ended 31 March 2025. Tho finanoial staternentÈ have betrn prtrpsrod in accordanco with the accounting poIici•B Skt out in notg 1 to th• accounts and comply with the charitys goveming document and 'Accounting and Reporting by Charib"es.' statement ol Rrnended Practice applicable lo charities preparirrg their accounts in accordance with the Finala1 Reports'ng Standard applrable in the UK and Republic of Ireland IFRS 1021. (effective 1 January 2Q191 objecti and activiti• The trustwa5 establi%hed to provlde thort temi supporbve sheltered housing for single homeless people with partiCAJlar needs, sueh as ex-prtsoners and others who require soft rehabilitation care lo enable them eventual lo live independèntly in the wider communty. We strwe to provide high quality services that meet the aspirations and needs ol single homeless people from all backgrounds, creed and colour. The chanty's objects and principal actThiilios are: To rnanage and improve in Bognor Regis and elsewhere houses and hostels for persons specified in the Constitution. and to provide them with care and security lo whh they are entiued To educate such persons to develop their physical, mental and spiritual capacib'es, so that they may develop frjll maturity as responsible individua15 and members of society and so that their conditions of lffe may be improved To have secure premises that serves their purpose To malntain financial sustslnablllty and work towards addSsIng the numbers of people that are homeless in our society The Trustees confimi that they have complied with the duty in section 17151 of the Charities Act 2011 to have due regard lo the Charity Commission's general guidance on public benefit. Athievements and perfonnance nor Housing Trust continues with ils work lo help address the problems that homelessness creates in our iety. The need for our services continues to increase, and, our occupancy rates continue at a high Ie1. Throughout the year our 25 supported units were ¢xcupied by a total of47 clients12024.' 60 clients). l am pleased to reFrJrt that there were 22 12024.. 351 client rnoves from our aCmMOdatIOn during the year, of whirh 87% {2024.' 880/0) were planned, thus enabling 1912023.- 311 positive outcomes as a result of our support programme. The work th?1 we do does Ghange people's lives, and this is continually verified by the many positive te$limonials th residents have given when they move on from our supported accommodaton. have atways mainlained our properties to a very high stsndard, and are continually Iwking for ways to improve the properties in order lo gNe our residents the Wt possible experience whilst wrth us. These improvements ensure that our residents continue to Iwe in a safe. secure and clean environmenL Their wellbeing Is also enhanced by the support and encouragement that our 51aff gives to each r8sidenl to enable them to eventualty rwve on to independent living.
BOGNOR HOUSING TRUST TRUSTEES. REPORT (CONTINUED) È have always staffed our projects 818 much higher rate than that whh has been funded by WSCC through the original Supportin9 People Progiamme. Our Grnt contrad runs until 31st March 2026, and inity'al Ydlks are iaking pLqce at present regarding contracts from April 2026 onwards. l am pleased lo POrt that WSCC continue to acknowledge that our serVIS are fun al an exceplDnally high level. and that Bognor Housing Trust is a significant osset in addressing homelessness in th8 area. hav¢ 09oin throughout the ye8T ¢ontinu¢d to help a significant numbu of people lo in1vyjtl tJdbK iiilo ninstream society, ant to move on to independent living. W& are eXtMety grateful lo our team for the dedicatien and support that is shown lo all of our residents, often in the most difficult of circumstances. l am pleased lo report that we have continued lo deliver our seNices 10 a high standard throughout the last year. and a ¢tinuai doing everything possible to ensure that our residents aré protected and kept safe. Bojnor Housing Twst works alongside both national and tc¢al voluntary organisations and statutory agencies. The chanty is also gratefijl to our Trustees who give their valuabl8 time freely and make Bagnor Housing Trust an organEai'on that we are all proud of, and glad to support. Financlal revlew Thè results of the tharity are set out in the Statement of Financial ActNit*s. The total income in the year was £376,330, an increase of £3.993 over the previous year. The total expenditure wa5 £290,495. belng an increase of £27,753 over the previous year. The overall increase in funds in the year was £85,835, and thg total of unreslrthd serveS at the year-end amounted to £1,681,939 ofwhich £943,797 repres8nted Fixed Assets. Reserves A restticted fund has tX3en sel up by the Iruslee5 for a Specif purpose. The fund total is £395. The balance is the Klual amount held in respect of a donation of £500 received from Sussex Police in the year ended 31 March 2022. The donation is restricted to be spent only on furniture etc. for clients moving on from our supported accnrnmodab'on. 11 ts the policy of the charty that unrestricted liquid funds which have not been desionated foi a specif use should be mantsined at a level equivalent lo at least NYeEve month's expenditure.. this is lo allow the ¢haTity lo te managed efficienyy and lo provide a buffer for uninterrupted Servi$. Thi5 levd of reserves is currently in pl. Princi I fijndin sour principal funding sources for the charity are ¢urrenlly by way of rental income {eithef direct or through housing support) and from a ¢onlract with WSCC for Homelessness servi$. ks and uncertainties The trustees have assessed the major risks to which the charty is exposgj and are satisfied that systems are in Pl or sp6cific acts'ons agreed lo mitigate exposure to these major risks. A risk register ha$ been estsblished and is updated at least 8nnu81ty. Plans forthe futurn The charity plans continuing with those activities outlined above, which are still ongoing. in the forthcoming years subject to salisfa¢tory funding arrangements. In additiotl the Trustees contsnue lo ieview the posslbllilies in acquiring further propety. or carying out other services which would enhance and extend the services currently available.
BOGNOR HOUSING TRUST TRUSTEES. REPORT (CONTINUED) Structurej governanGe and management Bognor Housing Trust was founded in 1984 in Bognor Regis. The trust is an unincorporated association govemed bv ils own Constitution. first adopted on 22 March 1984 and amended on 19 August 2003, subsequenlty on 8 December 2009. The trust IS 8 regISted charity in accordance with the Charities AGI 2011- Charity Registrab"on No. 289596. The Sussex West Area meeting of the Religious Society of Friends (Quakers) will receive nominations and submit the names of up to 6 people to be wnsidered for membership of the Executive Committee. When one of the mernbers so appointed ceases to be a mernber of the Executive CDmmittee, the Sussex Wesl Area Meetin9 will re1ve rominations and submit the name of a replacement person lo be considered for membership to the Executive Committee. The appointment of members to the Executive Committee must be approved by at least four fifths of the Execulwe Committee. Thè injstses of the charity are responsible for ihe overall management and control of the ¢harily and receive reports and recommendations from the Treasurer and other members of staff at regular Executive Committee Meetings. Trustees of the charity hold offic8 from the time of appointment by the Executive Committee. The Chaiman and other offiGers of the charty musl sgek reolection at every third annual general meeb'ng thereafter. Al seNing trustees are alwady familÉar with the practrcal work of the charity. Potential new trustees, who ar8 selected for their strengths and diversity that they will be able to bring to the Board, are invited and encouraged to spend some lime at our premises lo familiarize themse8$ With the charty and the context within which il OFerales. New trustees wll be made fully aware of.. The oblig8lions of Trustees The eligibility of Trustees The main documents whlch set out the operational framework for the chanty includlng the Constilub'on of Bognor Housing Trust The Gurrent finanGial position, Including a copy ol the lateat publi¥h¢d 0¢Gounts Future pkns and obje¢tNes The Charity Commission's role, and the publicatiorts that can be obtsined therefrom such as their guide 'the Essential Trustee, Statement of Trustg8s' R•sponslbllities The trustees are responsible for preparing the Trustees. Report and the accounts in accordan¢8 with applicable taw and United *fjngdom AceL)unting Standards (United 'ngdoM Generally Accepted Accounting Pracb'cel The tfustees are required tri prepare lnts for each finaneial year showing the incoming resouf¢e5 and application ol resources, including the income and expenditure of the charity for that year. In preparng these accounts. the trustees are required to." Sele¢t Suitsble acLounling policies and then appty them eonsistentty,. Observe the methods and principles in the Charities SORP., Make judgements and estimates that are ?sOnable and pruden( Stale whether applicable UK Accounting Standards have been follixved, subject to any material departures disclosed and explained in the accounts., and Prepare the accounts on the going eonr£in basis unless it is inappropriate lo presunE that the charity will Continue in operation. The tnJslee5 are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any time the financi81 position of the charity. They are aL80 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and deteth.on of fraud and other irregularities.
BOGNOR HOUSING TRUST TRUSTEES. REPORT (CONTINUED) Referenco and Administratlve Details Chorlty rbumb¢r 289596 Prlnclpal addross Cornernvays 25 Glamis Street Bognor Regi$ West Sussex P021 1DH TNstees Ray Kaveney stephen Mcconnell Tony Dines Kitty Grove Margaret Burrow Pat Unwin Annè Shrewsbury Independont Examiner 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 The trustees. report was approved by the Board of Tfustees. /* Ochlw Zgj 5- RA Kaveney IChaim)an>
BOGNOR HOUSING TRUST Independent Examiner's Report to the Trustee5 I report lo the charity trustees on rny examination of the actounts ol Bognor Htsusing Trust Ithe Trust) for the year ended 31 March 2025. Responslbllltl•s arkd babis of rnport As the charty Irusle&s of th9 Trust yOLt are responsible for the prepaTatitin ol Ihe accounts in accordanc8 With the requirements of the Chartties Act 20111'the Act'l. I repoft in fespect of my examinatitsn of the Tru8V8 a¢unt8 carritrd OLtt under Sedion 145 of the Act and in carrying OL+1 my examination I have followod all opplicable direclien8 given by the Charty Commission under Sectson 14515}Ibl of the Act. Independent examinorfs statement Since your ch81ity's gross Income exceeded £250,000 your examiner rhusl be a member of a Ilsted body. l confirm that l am qualified to undertake th$ examination because l am a member of th¥ Associabon ol Chartered Certffied Accountants. wh4ch is one ol the listed bc¥Jies. I have completed my examination. I confimi that no material matters have come to my attention In connection with the examination givin9 me cause lo believe that in any material respect.. 1. accounting records werè not kept in respect of the Trust as raquir8d by Section 130 of th8 Ad,. or 2. the accounts do not accord with those records.. or 3. th¥ accounts do not cornply with the applicab req¢Jirements concerniNJ lho form and content o13ccounls sd out in the Charities (A0ts and REPOrt51 Regulations 2008 other than any reqU4Ment that the accounts give a true and fair view whid) is not a matter ¢on$hlered as part ot an inderendenl examinatK)n. I have no CoremS and have come across no other matters in connection wi(h the examination to which attention shp(Jl btr drawn in this report in order lo enable 8 proper understsnding Of the accounts lo be taachèd. Simon Wilkinson The A&sociab"on of Chartered Certffied Accounlanls Reeves Wilkinson Lid 41b Beach Road Littlehampton Wesl Sussex BN17 SJA
BOGNOR HOUSING TRUST (Charity Number 2895961 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Uniestrlcted Funds 2025 Totsl Fund¥ 2025 Total Funds 2024 Funds 2025 Notss Inco ur Rental and associ*ed income Donations and legacies ank Interest Miscelkaneous Income 365.912 1,230 8,743 445 365,912 1.230 8,743 445 349,726 14.620 7,256 735 TolAI incoming resources 376.33Q 376,330 372.337 Resources ex end Employment Cosis Rates Light and Heat Insurance Telephong & TelèvisK)n Computer & IT Expenses Printing, Postrge and Ststlonery Ststt Training Propety Maintenance Equipment Maintenance and Renewals Cleaning & Gardening Travelling Expenses Professional Fees Independent Examlners Fees Mortgage Intsresl MiscelL4neous Deweaation 178.887 10,643 17,235 6,668 4.983 8.405 2,105 825 12,887 8,160 8,889 905 23,936 3.090 1,088 1,353 416 178,887 10,643 17,235 6,668 4,983 8.405 2,105 825 12,887 8,180 8,889 905 23.936 3.090 1.088 1,353 416 171,258 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 Total resources expended 290,495 290.495 262.742 Net incornlng1{outgoing) Yesour¢¢s 86,83S 85,836 109,595 Balance at 1 April 2024 395 1,596.104 1.596,499 1.486.904 BalanrR ot 31 March 2025 395 - £1,681,939 1,682,334 £1,596.499 l expndf(ure relates to charitable aclivilies. All of the charity's OFerations are dassed as continuing. Movements on reserves and 811 re¢ognised gains and Ioss8s are shown above. The analysis beh¥een restricted and unrestricted funds is shown abov8. The nates on the following pages ft>mi part of these financ181 statements.
BOGNOR HOUSING TRUST (Charlty Number 2895961 BALANCE SHEET AS AT 31 MIIRCH 2025 2024 Note8 Fixed a&8ets 943,797 944,213 Currgnt assets Debtors and payments in advance Cash at Bank - Lloyds TSB Triodos Bank Deposit Charity Bank Cash in hand 3,015 667,170 80.253 11.026 287 761,751 20,292 572,875 78,065 10,693 314 682.239 Credltors: amounts falling due wlthln one year Npt current assets 23,214 19,283 738.537 662.956 Totsl assets less current liabillties 1,682.334 1,607,169 Long term liabilitie8 Triodos Bank Isecuredl 10,670 10,670 Net assets £1,68 £1.S96.499 Represented by: Incomefunds Unrestricted ftjnds Restricted funds 1,681,939 395 1,596,104 395 £1,682,334 £1,596,499 The accounts were approved by the Trustees on .,.../f..O.ets.!v R A Kaveney Chalmian 10
BOGNOR HOUSING TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 I. ACCOUNTING POUCIES Ac¢ounting ¢onv?ntlon The financial statements have been prepared uftder the histQriC81 cost convèntion Mlh items Tecognised at cost or tians8Ction value unless otherwise ststed in the relevant notes to these accounts. The financral statement6 have been prepared in accordance with the charity's govèrning document and Statement of Rscommended Practice- Acmunting and Reporting by Charilies preparing their accounts in accord8n¢è with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS t021 {as amended for accounting periods comMen¢g from 1 January 20191. The charity conslitules a publ benefit entity as defined by FRS102. Going concern The trustees wnsider that ther8 are no material UnrtaInlieS about the charity's ability to continue s a going eoncern. The trust has unrestricted reserves yuffieient 10 cover expendf(ure at the urrent level for at lease a further 12 month8, has continuing income streams from charitable a¢tAilti8s, and has sufficient eontrol over costs. Incomlng rosourees All income is recognisad oncé thè charity has entiuement to the income, it is probable that the income will b@ rèceived and the amount of the income receNable can be measured reliably. Resourc •xponded Ail expenditure is accounted for on an accruals basi8 and in¢ludes attributsble VAT which Cannot be recovered. Liabilil*s 8re recognised whgn there is an obligation at the Balan¢g Sheet dale as a result of a past event, it Is probable th8t 8 Iransfer of economic benefit will be reqUId ID 8ettlement. and the amount of the settlement can be estimated reliabty. Li8bilili¢s ore e0gnised at the amount thot the charity anli¢ipales it will pay to settte the debt or the omount it has receThied as advanced poyments for the goods or semees rt must provide. Provisions are measured al the besl eslimale of thè amounts required to settle the obligation. The the effect of the lirne value of money is material. the provision is based on the present value of those amounts, discounted al the pre-tax discount rate that rèflects thè risk spÈcffit to thè liability. The unwinding discount is recognised in the Statement of Financial Actwilies as a linance cost. Tangible fixed assets Depreciation on Fixtures and Frttings is calculated al rates consldered nssary lo write the cost of the asset off over its estimated useful lrfe as follows.. 25¥0 reducing balance baskq. Frhk1 buildings are maintained lo such a standard that their residual value is al leasl equal lo their book value al any gwen limè. Consequenlty no deprecith'on ha$ beeR included in the year.
BOGNOR HOUSING TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Taxatlon The charity is exempt from tsx on its charilabje activities. Pen8ion¥ The charity operates a defined contribution pension scheme and th• pension charge repre8enl$ the amounts payable by Ihe charity to the fund in respect of the year. 2. PAYMENTS TO TRUSTEES The trustees are not remunerated nor were they reimbursed any exFenses in the year {2024- £01. R A Kaveney FCA was paid £23.93612024.' £22,897) for professional fees in the year relating to a¢o)untancy and Pay11 services supplied by hls company. Such payment is aulhorised in the Constitution of Bognor Housing Trust. DONATIONS AND LEGACIES Miscellaneous donatitin3 of £1,230 were received in the year. 12
BOGNOR HOUSING TRUST. NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 EMPLOYEES Number of employees During the year there was one fulS-lime employee, four part-time employees and one freelance worker.12024 - 1 FT 4 PT 1 FI 2025 2024 Employment costs Wages and salaries Social $8curity costs Employers Penston Contributions 155.569 10.391 12,927 £178,887 150.264 9,154 11,840 £171,258 The number of employees whose employee benetits (excluding employer pension costs) exceeded £60,000 was.. 2025 2024 £60,001- £70.000 FIXED ASSETS FREEHOLD FIXTURES & FirriNGS TOTAL COST At l April 2024 Additions Disposals At 31 March 2025 985,780 62.822 1.048,602 985,780 62,822 1,048,602 DEPRECIATION At 1 April 2024 Charge for Year Eliminated on disposal At 31 March 2025 43,231 61,158 416 104,389 416 43.231 61,574 104,805 NET BOOK VALUE At 31 March 2025 £942.S49 £943 797 At 31 Mar¢h 2024 £942,649 £1.664 £944,213
BOGNOR HOUSING TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 LONG TERM LtABILmES: arnounts falllftg due in more than one year Triodos Bank Isecuredl - 27 Glami5 Street 10.670 DEBTORS AND PREPAYMENTS Trade Debtors Prepayments 1.200 1,815 16,213 4,079 £3,015 £20,292 CREDITORS: amounts falllng due within one year Taxes and social seGutity costs Accruals Triodos Bank Isecured)- 27 Glamis Street 3,868 8.888 10.658 3,60Q 4,769 10.914 £23.214 £19,283 14